Welcome to the Fear and Greed Business News Afternoon Report for Wednesday, the sixth of November twenty twenty four. I'm Sean Aelma. Every afternoon, We've got the five stories that happened today that you need to know about. Straightum one, Donald Trump is favorite to win the US presidential poll after winning several of the battleground states or at least leading, including Pennsylvania, which has all important nineteen Electoral College votes and is a must win for Carl La Harris. Mister Trump has won North Carolina, another key state, and he's leading in Georgia as we go to where the New York Times has put the chance of mister Trump winning at ninety percent. The Democrats and Carl La Harris run likely to concede the vote until tomorrow Australian time, given the closeness of the race, But as it stands right now, Donald Trump is set to become the forty seventh president of the US and only the second to win the job, having previously lost it. Story number two, it seems markets are certainly confident of a Trump victory, with the US dollar jumping and bitcoin hitting a new record. The US dollars up one and a half percent against other major currencies, the biggest one day move since March twenty twenty. It's at a four month high. That's hit the Aussie dollar, which has slumped more than a percent. It's down to just above sixty five US sinse Bitcoin hit an all time record of seventy four four hundred US dollars a unit. It's up about eighty percent this year. Local Crypto Exchange has said volumes were extremely high today. With the US dollar high, some commodities are feeling the pressure. Copper, for example, is lower goals. The outline, it's still trading close to record highs. Bond yils have risen. Trump's plans to restrict immigration and place tariffs on imports are inflationary and could mean higher interest rates for longer Stroighting Number three. The local sheer markets certainly seem enthused by the election results, with the S and PASX two hundred closing up nearly one percent to eight two hundred points. The general feeling is that Trump is better for equities. We'll wait and see on that one. Tech stocs, financials, and consumer discretion. The companies did best. Energy stocks were worst come off. Bank hit a record high of one hundred and forty five dollars and thirty one cents quite the jugger or that company. It's up forty five percent over the past year. National Australian Bank releases its full year results tomorrow. Anz is. On Friday, Domain dropped sharply after delivering a trading update, and Mineral Resources was down after the Future Fund, the country's biggest investor, said it would seek more information from the board on Chris Ellison's involvement in a tax evasion scheme. Chris Ellison, of course, is the founding CEO of that company. Stratum, a four forcequ Metals Group held its annual general meeting today. Executive chair Andrew Forrest said this company still planned to be a major player in green energy despite its retreat from hydrogen. Mister Forrest said that the company wants to eliminate the use of fossil fuels in its iron ore operation by twenty forty now a couple of months ago. Back in July, Hydrogen dropped its green hydrogen ambitions basically were too expensive, too hard technology breakthrough, as mister Forrest says, as well as electrification of the mining fleet will get fortescue to that twenty forty ambition of no fossil fuels. Fortescue also said it will lean on the government to help reduce the cost of producing green energy. And story number five industrial property group Goodman has done more power deals for a new wave of data centers that it's developing globally. Goodman is the ninth largest company on the AX. It's up sixty five percent over the last year. The best of the top ten now has a network of eighty billion dollars worth of global properties. It held its AGM today. It says it will push further into data centers, but one of the big questions of the course is power. How do you get power into these centers? The CEO Greg Goodman said data centers would end up being built near industrial parks in places like western Sydney. That's it for the Afternoon Report for Wednesday, the sixth of November twenty twenty four. Adam Lang and I will be back tomorrow morning. It's a Thursday edition off beer and greed business news. I'm Shuaelma. Enjoy your evening.

Welcome to the Fear and Greed Business News Afternoon Report for Wednesday, the sixth of November twenty twenty four. I'm Sean Aelma. Every afternoon, We've got the five stories that happened today that you need to know about. Straightum one, Donald Trump is favorite to win the US presidential poll after winning several of the battleground states or at least leading, including Pennsylvania, which has all important nineteen Electoral College votes and is a must win for Carl La Harris. Mister Trump has won North Carolina, another key state, and he's leading in Georgia as we go to where the New York Times has put the chance of mister Trump winning at ninety percent. The Democrats and Carl La Harris run likely to concede the vote until tomorrow Australian time, given the closeness of the race, But as it stands right now, Donald Trump is set to become the forty seventh president of the US and only the second to win the job, having previously lost it. Story number two, it seems markets are certainly confident of a Trump victory, with the US dollar jumping and bitcoin hitting a new record. The US dollars up one and a half percent against other major currencies, the biggest one day move since March twenty twenty. It's at a four month high. That's hit the Aussie dollar, which has slumped more than a percent. It's down to just above sixty five US sinse Bitcoin hit an all time record of seventy four four hundred US dollars a unit. It's up about eighty percent this year. Local Crypto Exchange has said volumes were extremely high today. With the US dollar high, some commodities are feeling the pressure. Copper, for example, is lower goals. The outline, it's still trading close to record highs. Bond yils have risen. Trump's plans to restrict immigration and place tariffs on imports are inflationary and could mean higher interest rates for longer Stroighting Number three. The local sheer markets certainly seem enthused by the election results, with the S and PASX two hundred closing up nearly one percent to eight two hundred points. The general feeling is that Trump is better for equities. We'll wait and see on that one. Tech stocs, financials, and consumer discretion. The companies did best. Energy stocks were worst come off. Bank hit a record high of one hundred and forty five dollars and thirty one cents quite the jugger or that company. It's up forty five percent over the past year. National Australian Bank releases its full year results tomorrow. Anz is. On Friday, Domain dropped sharply after delivering a trading update, and Mineral Resources was down after the Future Fund, the country's biggest investor, said it would seek more information from the board on Chris Ellison's involvement in a tax evasion scheme. Chris Ellison, of course, is the founding CEO of that company. Stratum, a four forcequ Metals Group held its annual general meeting today. Executive chair Andrew Forrest said this company still planned to be a major player in green energy despite its retreat from hydrogen. Mister Forrest said that the company wants to eliminate the use of fossil fuels in its iron ore operation by twenty forty now a couple of months ago. Back in July, Hydrogen dropped its green hydrogen ambitions basically were too expensive, too hard technology breakthrough, as mister Forrest says, as well as electrification of the mining fleet will get fortescue to that twenty forty ambition of no fossil fuels. Fortescue also said it will lean on the government to help reduce the cost of producing green energy. And story number five industrial property group Goodman has done more power deals for a new wave of data centers that it's developing globally. Goodman is the ninth largest company on the AX. It's up sixty five percent over the last year. The best of the top ten now has a network of eighty billion dollars worth of global properties. It held its AGM today. It says it will push further into data centers, but one of the big questions of the course is power. How do you get power into these centers? The CEO Greg Goodman said data centers would end up being built near industrial parks in places like western Sydney. That's it for the Afternoon Report for Wednesday, the sixth of November twenty twenty four. Adam Lang and I will be back tomorrow morning. It's a Thursday edition off beer and greed business news. I'm Shuaelma. Enjoy your evening.