0:03

Welcome to the fearing great business Used

0:05

Afternoon report for Thursday the second Ave

0:07

Twenty twenty four. I'm sure they'll month

0:10

every afternoon of get the five stories

0:12

that happened today. The innate know about

0:14

store an emblem this and P I

0:16

Six Two hundred closed up Zero point

0:18

two percent today. The seven thousand, Five

0:20

hundred and eighty seven points after decent

0:22

lady in from Wall Street, the market

0:24

jumped sharply on opening and then pretty

0:26

much spent the day falling back, particularly

0:28

in the last few moments. The banks

0:30

with the stats thanks to the National

0:32

Australia. Bank result more and that shortly

0:35

Macquarie Group that more than one percent

0:37

a hit of results tomorrow calls was

0:39

lower while Woolies tumbled after outlining disappointing

0:41

third quarter results was take global rebounded

0:43

from yesterday's for while Telstra in Woodside

0:46

both feel more than one percent story

0:48

of a to national strongly Bank has

0:50

announced a thirteen percent drop. In.

0:52

Cash profit to three point six billion dollars

0:54

for the six months to the end of

0:56

March, but it kept it's dividend steady. And.

0:59

Announced a share buyback of one point

1:01

five billion dollars wallets mortgage lending book

1:03

under performed. It's business banking operations outperformed

1:05

Nabs. share price closed one and a

1:07

half cent higher, taking the of the

1:09

major banks with it both com both

1:11

Westpac entered a better percent high while

1:14

I in Zip zap half percent in

1:16

other corporate news, Nimoy Cotton has been

1:18

the subject of a bidding war and

1:20

it's share price jumped thirteen percent to

1:22

die to seventy two cents a share

1:24

after Singapore List of Own Group said

1:26

it's willing to pay seventy cents a

1:29

share. So long as it gets

1:31

ninety percent of the company that

1:33

French agribusiness joint Louis Dreyfus is

1:35

the other beta, you don't for

1:37

about sixty cents a share on

1:39

Monday, no more Cotton share price

1:41

is up fifty percent. Since mid

1:43

March Store Anniversary Solve A Crime

1:45

Detectives the moving to urgently removed

1:47

the website that allegedly published the

1:49

personal information of patrons who signed

1:51

Dean at Clubs New South Wales

1:53

premises using the A driver's licenses.

1:56

This avast places cyber crime squad

1:58

said it was alerted. To the way. Hi

2:00

yes it. I was investigating have the

2:02

data breach occurred in which if any

2:04

criminal offenses were connected to such a

2:07

bridge. Media is reporting that a group

2:09

of software developers in the Philippines holds

2:11

a personal data may thousands of New

2:14

South Wales club visited. the website says

2:16

names of patrons the club they attended

2:18

the birth year and suburb address and

2:21

senses some of the other details meanwhile

2:23

aren't had what appears to be the

2:25

victim of arrest. Them were attacked with

2:28

a group called Black Suit. Climbing

2:30

on the dark web to have a list

2:32

of documents of great value in his position

2:34

about the privately owned property value Ice and

2:37

third, String of A for

2:39

so tight surplus. His cabinet Five billion

2:41

dollars to match the lowest surplus since

2:43

Twenty Twenty. so it's good to be

2:45

in a separate costs. and we do

2:47

that because we sell so many commodities.

2:49

Strategy is generally in surplus past a

2:51

Surgeon Imports which had a new record

2:53

high just under forty billion dollars for

2:55

the month of March is why the

2:57

difference between exports and imports narrowed according

3:00

to the Bureau of Statistics. Made while

3:02

the news in the construction sector isn't

3:04

much better, was probably a little bit

3:06

better The total number of dwelling. The

3:08

pretty much raised nearly two percent for

3:10

nearly one said fall in January according

3:12

to the Do or statistics approve of

3:14

private houses, right? three per night. The

3:17

said the average approval value for a

3:19

house was nearly four hundred and sixty

3:21

nine thousand dollars up about four percent

3:23

of the past year. And sorry number

3:25

Five, Us Federal Reserve Chair Dr. Powell

3:28

said what many investors wanted to hear

3:30

this morning, and I course. it's

3:32

unlikely that the next policy right move

3:34

will be a high and crisis is

3:36

follow the feds board meeting with i

3:38

left the benchmark right unchanged and didn't

3:40

really seem overly concerned about recent data

3:42

points that sounds license to bubbling along

3:44

in the world's largest economy the com

3:46

it's helped equity markets north i get

3:48

the on the dollar boost in the

3:50

short term this need to strike massa

3:53

to currency second best the sink rights

3:55

in the us going down a more

3:57

like me to put money somewhere else

3:59

like australia That's it for the afternoon

4:01

report for Thursday 2nd May 2024. Michael

4:04

Thompson and I will be back tomorrow morning

4:06

for Friday edition of Fearing Green Business News.

4:08

I'm Sean Aylmer, enjoy your evening.