Welcome to the Fear and Greed Business News. The afternoon report for Monday, the ninth 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. Storing them on there and PASX two hundred closed flat today. It was actually trading lower all day, than spiked right on four pm to finish at eighty two hundred and forty three points by the close. The consumer discretionary stocks did best, while energy companies were among the worst. Not a great day for the big miners, with lower iron ore prices feeding through to their share prices. Fortes QW Metals Group ended the day down more than one percent. Good group did well, jumping nearly four percent. It was the best of the top two hundred and is up sixty four percent over the past year. Worst was Life three point sixty It tumbled eight percent. Star Entertainment hit a new record lower today, having given a trading update after markets closed on Friday. The update said the Queensland Government will defer the suspension of the life for the Star Gold Coast Casino to March thirty one from the earlier deadline of December. The special manager's appointment to Star has also been extended to June thirty. Sonic Health Caredience today said it will buy a German lab Group for seven hundred million dollars. Fund manager Regal Partners walked away from a takeover of Platinum Asset Management that sent the Platinum's share price down fifteen percent and GQG Partners jumped seven percent after reporting higher funds under management and said it's terminating a buyback due to uncertainty around the US tax treatment on market buybacks. Storing Number two Prime Minister Anthony Alberanzi and NIRU President David Adiang have signed a new treaty providing one hundred million dollars for the NHIRU budget and forty million dollars to enhance policing, security, training and infrastructure over five years. As part of the deal, the Comwealth Bank will provide banking support from next year after Bendigab Bank departs. Mister Aberaneesi said the treaty underscores the commitment to strengthening civic relations, making the region stronger and safety. Mister Addiank said the treaty would strengthen eru's economy and address critical challenges such as e banking storing. Number three opposition leader Peeded Dutton's signature nuclear energy policy is in trouble after the CSIRO found that wind and solar remain the lowest cost form of new power generation. Mister Dutton's been pushing a policy including seven nuclear reactors across the country to provide carbon free electricity. The first is due to come online in the middle of the next decade, or at least that's what the opposition hopes. CSIRA has already concluded that the policy would be too expensive and slow relative to other options. Today, it updated at its research pretty much said the same thing. Mister Dutton is expected to this week release full costings of his nuclear policy. Today's report says the first large nuclear reactor could not produce electricity in Australia until twenty forty at the earliest, and at a cost per unit of generation i've been between one hundred and forty five dollars and two hundred and thirty eight dollars, well above renewables. Costs for a small modulate reactor would be even higher one hundred and eighty nine to four hundred and fourteen dollars per megawatt hour. According to the report. Story number four, Woolly's said it lost about one hundred and forty million dollars in food sales due to the seventeen day strike at its distribution centers in New South Wales and Victoria, and earnings will be down by about sixty million dollars. But Coles has the opposite problem with too many customers. Apparently there's been a shift from shoppers towards coals because Wooly's shelves have been understopped. According to a report in The Australian, Coles has asked suppliers to ship more goods and has put on more people to handle the extra volumes. It's also open more checkouts to deal with the higher demand. Willies really can't like that news. It now has to spend the next couple of weeks restocking ahead of Christmas. The warehouse staff returned to work after they got an eleven cent pay rise over three years and changes to work practice. And finally, story number five, President Joe Biden said the United States has used military forces to conduct air strikes in Syria to keep the Islamic State Group from reasserting itself after the fall of President Bashir al Assad's government. Speaking at the White House, mister Biden celebrated Assad's fall as a fundamental act of justice and expressed hope that after decades of oppressive rule, the people of Syria could build a new, free society. But according to The New York Times, he warned that it was also a moment of risk and uncertainty, and that his administration would strive in its final days to prevent terrorists from regaining traction. Meanwhile, ousted Syrian President mister Asad and his family have reportedly fled to Moscow, where the dictator's chief ally Russian President Vladimir Putin, has given them asylum. That's it for the afternoon report for Monday, the ninth of December twenty twenty four. Make sure you hit follow on the podcast and we'll be back tomorrow morning with a Tuesday edition of Fear and Greed. Business Years shunelma enjoy Ravening

Welcome to the Fear and Greed Business News. The afternoon report for Monday, the ninth 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. Storing them on there and PASX two hundred closed flat today. It was actually trading lower all day, than spiked right on four pm to finish at eighty two hundred and forty three points by the close. The consumer discretionary stocks did best, while energy companies were among the worst. Not a great day for the big miners, with lower iron ore prices feeding through to their share prices. Fortes QW Metals Group ended the day down more than one percent. Good group did well, jumping nearly four percent. It was the best of the top two hundred and is up sixty four percent over the past year. Worst was Life three point sixty It tumbled eight percent. Star Entertainment hit a new record lower today, having given a trading update after markets closed on Friday. The update said the Queensland Government will defer the suspension of the life for the Star Gold Coast Casino to March thirty one from the earlier deadline of December. The special manager's appointment to Star has also been extended to June thirty. Sonic Health Caredience today said it will buy a German lab Group for seven hundred million dollars. Fund manager Regal Partners walked away from a takeover of Platinum Asset Management that sent the Platinum's share price down fifteen percent and GQG Partners jumped seven percent after reporting higher funds under management and said it's terminating a buyback due to uncertainty around the US tax treatment on market buybacks. Storing Number two Prime Minister Anthony Alberanzi and NIRU President David Adiang have signed a new treaty providing one hundred million dollars for the NHIRU budget and forty million dollars to enhance policing, security, training and infrastructure over five years. As part of the deal, the Comwealth Bank will provide banking support from next year after Bendigab Bank departs. Mister Aberaneesi said the treaty underscores the commitment to strengthening civic relations, making the region stronger and safety. Mister Addiank said the treaty would strengthen eru's economy and address critical challenges such as e banking storing. Number three opposition leader Peeded Dutton's signature nuclear energy policy is in trouble after the CSIRO found that wind and solar remain the lowest cost form of new power generation. Mister Dutton's been pushing a policy including seven nuclear reactors across the country to provide carbon free electricity. The first is due to come online in the middle of the next decade, or at least that's what the opposition hopes. CSIRA has already concluded that the policy would be too expensive and slow relative to other options. Today, it updated at its research pretty much said the same thing. Mister Dutton is expected to this week release full costings of his nuclear policy. Today's report says the first large nuclear reactor could not produce electricity in Australia until twenty forty at the earliest, and at a cost per unit of generation i've been between one hundred and forty five dollars and two hundred and thirty eight dollars, well above renewables. Costs for a small modulate reactor would be even higher one hundred and eighty nine to four hundred and fourteen dollars per megawatt hour. According to the report. Story number four, Woolly's said it lost about one hundred and forty million dollars in food sales due to the seventeen day strike at its distribution centers in New South Wales and Victoria, and earnings will be down by about sixty million dollars. But Coles has the opposite problem with too many customers. Apparently there's been a shift from shoppers towards coals because Wooly's shelves have been understopped. According to a report in The Australian, Coles has asked suppliers to ship more goods and has put on more people to handle the extra volumes. It's also open more checkouts to deal with the higher demand. Willies really can't like that news. It now has to spend the next couple of weeks restocking ahead of Christmas. The warehouse staff returned to work after they got an eleven cent pay rise over three years and changes to work practice. And finally, story number five, President Joe Biden said the United States has used military forces to conduct air strikes in Syria to keep the Islamic State Group from reasserting itself after the fall of President Bashir al Assad's government. Speaking at the White House, mister Biden celebrated Assad's fall as a fundamental act of justice and expressed hope that after decades of oppressive rule, the people of Syria could build a new, free society. But according to The New York Times, he warned that it was also a moment of risk and uncertainty, and that his administration would strive in its final days to prevent terrorists from regaining traction. Meanwhile, ousted Syrian President mister Asad and his family have reportedly fled to Moscow, where the dictator's chief ally Russian President Vladimir Putin, has given them asylum. That's it for the afternoon report for Monday, the ninth of December twenty twenty four. Make sure you hit follow on the podcast and we'll be back tomorrow morning with a Tuesday edition of Fear and Greed. Business Years shunelma enjoy Ravening