Welcome to the Fear and Greed Business News Afternoon Report for Wednesday, the eleventh of December twenty twenty four. I'm Sean Elmer. Every afternoon, we've got the five stories that happened today that you need to know about. Straight Number one, the market. The SMPA six two hundred ended down half percent today to eight thousand, three hundred and fifty four points. It's kind of a quiet day on the market. The techtoks were among the worst performers wise. Tech Global was off three percent. The real estate investment trusts were among the best. Goodman jump nearly two percent. The big miners were mixed. Banks were lower. West Farmers rose one percent, but most of the action I reckon was off shore, particularly coffee prices. They continue to run, with Arabica beans now at their highest level since records began in nineteen seventy two, beating the previous all time high back in nineteen seventy seven. Prices of Arabica beans are up eighty percent this year after poor weather conditions in the world's largest Duny use of Brazil, hampered crops not just this year but also next year next. Cafe, the world's biggest spire is upping prices and your barista could too. Just before we leave, the commodity market's Brent cruds trading around seventy three US dollars of barrel goals up towards twenty seven hundred US dollars and ounce in fact in Aussie dollars because the Ausie dollar is quite weak, about sixty three and a half cents Gold is close to a record high. Straight Number two Business sentiment fell last month after a short lived spike, but inflation pressures in the economy look to be easy. The National Australia Bank Business Survey shows business sentiment tumbled in November, although conditions remain resilient, albeit heading lower. Forward looking indicators in the survey forward orders, for example, remain quite weak. NAB's employment index is also trending lower, which suggests less jobs growth in coming months, and the NAB survey of prices, which great guide to inflationary pressures, continue to trend lower. Bottom line from the National Australian Bank Survey the economy is slowing in FLA continues to head lah Straight Number three. New South Aales Premier Chris Mins has called an anti semitic attack in Wallara in Sydney disgraceful and disgusting, as politicians from across the country joined to condemn the action. The apparent anti Semitic slogans were graffited across two buildings in a car set a light in Sydney's East this morning. It follows the fire bombing of a Jewish synagogue last week in Melbourne, and it's his second attack in Wallara, home to many Jewish people, in the last month. Prime Minister Anthony Albert Nisi said there's no place for anti Semitism in Australia and said these attacks must stop. Story number four. The chief executive of daz and Dezone has been in Australia this week as the British global sports streaming platform, backed by a billionaire businessman Len Blavatnik, assesses a bid for news corporations Foxtel. Shay Segev, who previously led London listed sports betting giant Ntayne, has I've been holding meetings in Australia as the company considers weather to make an offer for Foxtel. According to a report in the AFAR, Foxtel operates its pay television business as well as streaming platforms at KOs Sports and Binge Design has acquired broadcasting businesses over the past two years as it attempts to build a major sports streaming platform. Foxtel is sixty five percent on by News Corp, thirty five percent on by tel Astraight. It's been up for sale since August and finally story number five. Australia has a new life insurance brand, a Sender, after the merger of MLC Life Insurance and Resolution Life Now. This all came as a result of Nippon Life Insurance, which owns eight percent of MLC, buying the London based Resolution Life group. That means the Ossie subsidiary of Resolution Life goes to Nipon. The owner of the twenty percent of MLC that Nippon doesn't own, it's National Australia Bank. It's happy to sell that to Nipon for about half a billion dollars. That combined business to be known as a sender. We'll have around two million customers and thirty billion dollars of assets under management. Life insurance is big business in Australia. The sale by National Australia Bank ends decades of involvement in the life insurance business by Australia's big four banks, with A and Z Comwealth Bank and Westpac all selling their life businesses during the past four years or so. That's it for the Afternoon Report for Wednesday, the eleventh of December twenty twenty four. Make sure you hit follow on the podcast. We'll be back tomorrow morning with your Thursday edition off Her and Greed business Views. I'm Sean Elma. Enjoy your evening.

Welcome to the Fear and Greed Business News Afternoon Report for Wednesday, the eleventh of December twenty twenty four. I'm Sean Elmer. Every afternoon, we've got the five stories that happened today that you need to know about. Straight Number one, the market. The SMPA six two hundred ended down half percent today to eight thousand, three hundred and fifty four points. It's kind of a quiet day on the market. The techtoks were among the worst performers wise. Tech Global was off three percent. The real estate investment trusts were among the best. Goodman jump nearly two percent. The big miners were mixed. Banks were lower. West Farmers rose one percent, but most of the action I reckon was off shore, particularly coffee prices. They continue to run, with Arabica beans now at their highest level since records began in nineteen seventy two, beating the previous all time high back in nineteen seventy seven. Prices of Arabica beans are up eighty percent this year after poor weather conditions in the world's largest Duny use of Brazil, hampered crops not just this year but also next year next. Cafe, the world's biggest spire is upping prices and your barista could too. Just before we leave, the commodity market's Brent cruds trading around seventy three US dollars of barrel goals up towards twenty seven hundred US dollars and ounce in fact in Aussie dollars because the Ausie dollar is quite weak, about sixty three and a half cents Gold is close to a record high. Straight Number two Business sentiment fell last month after a short lived spike, but inflation pressures in the economy look to be easy. The National Australia Bank Business Survey shows business sentiment tumbled in November, although conditions remain resilient, albeit heading lower. Forward looking indicators in the survey forward orders, for example, remain quite weak. NAB's employment index is also trending lower, which suggests less jobs growth in coming months, and the NAB survey of prices, which great guide to inflationary pressures, continue to trend lower. Bottom line from the National Australian Bank Survey the economy is slowing in FLA continues to head lah Straight Number three. New South Aales Premier Chris Mins has called an anti semitic attack in Wallara in Sydney disgraceful and disgusting, as politicians from across the country joined to condemn the action. The apparent anti Semitic slogans were graffited across two buildings in a car set a light in Sydney's East this morning. It follows the fire bombing of a Jewish synagogue last week in Melbourne, and it's his second attack in Wallara, home to many Jewish people, in the last month. Prime Minister Anthony Albert Nisi said there's no place for anti Semitism in Australia and said these attacks must stop. Story number four. The chief executive of daz and Dezone has been in Australia this week as the British global sports streaming platform, backed by a billionaire businessman Len Blavatnik, assesses a bid for news corporations Foxtel. Shay Segev, who previously led London listed sports betting giant Ntayne, has I've been holding meetings in Australia as the company considers weather to make an offer for Foxtel. According to a report in the AFAR, Foxtel operates its pay television business as well as streaming platforms at KOs Sports and Binge Design has acquired broadcasting businesses over the past two years as it attempts to build a major sports streaming platform. Foxtel is sixty five percent on by News Corp, thirty five percent on by tel Astraight. It's been up for sale since August and finally story number five. Australia has a new life insurance brand, a Sender, after the merger of MLC Life Insurance and Resolution Life Now. This all came as a result of Nippon Life Insurance, which owns eight percent of MLC, buying the London based Resolution Life group. That means the Ossie subsidiary of Resolution Life goes to Nipon. The owner of the twenty percent of MLC that Nippon doesn't own, it's National Australia Bank. It's happy to sell that to Nipon for about half a billion dollars. That combined business to be known as a sender. We'll have around two million customers and thirty billion dollars of assets under management. Life insurance is big business in Australia. The sale by National Australia Bank ends decades of involvement in the life insurance business by Australia's big four banks, with A and Z Comwealth Bank and Westpac all selling their life businesses during the past four years or so. That's it for the Afternoon Report for Wednesday, the eleventh of December twenty twenty four. Make sure you hit follow on the podcast. We'll be back tomorrow morning with your Thursday edition off Her and Greed business Views. I'm Sean Elma. Enjoy your evening.