Afternoon Report | Bondi death toll rises

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. Bondi death toll rises

2. PM flags tougher gun laws

3. ASX slumps on commodity sell-off

4. CBA’s NZ subsidiary in court

5. Director Rob Reiner dead

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Episode Transcript

Speaker 1 (00:03):
Welcome to the Fear and Greed Business News Afternoon Report
for Monday, the fifteenth of December twenty twenty five. Are
Michael Thompson and every afternoon we've got the five stories
that happened today that you need to know about. Let's
go with story number one. The death toll from yesterday's
mass shooting at Bondai has risen to sixteen, including one
of the two gunmen, who have been identified as a
father and son. A further forty people, including two police officers,

(00:27):
were injured in the attack, which targeted a Jewish Haneker
celebration at a park next to Bondai Beach. Of those killed,
the youngest victim was just ten years old. The others
to have been identified so far include two rabbis, an
eighty seven year old Holocaust survivor, and a twenty seven
year old French citizen who was living and working in Sydney.

(00:48):
The Joint Counter Terrorism Team is now investigating the attack
and have confirmed the police seized three firearms and two
improvised explosive devices from Bondai yesterday, and two additional firearms
during raids elsewhere in the city. Another gun and a
third explosive device were found today in Bondai. Police say
the younger of the two gunmen is expected to survive

(01:11):
his injuries and face charges. Among the tragedy as stories
of heroism, including footage of bystander Ahmed el Ahmed who
tackled one of the shooters from behind and took away
his weapon Story number two. Off the back of that,
Prime Minister Anthony Alberanezi has flagged tougher gun laws after
it emerged fifty year old Sarjid Akram, who is the

(01:34):
gunman who was shot dead by police at Bondai, had
a firearms license with six weapons registered to him. The
Prime Minister is currently in a National Cabinet meeting that
began at four o'clock this afternoon and that will include
briefings by the commissioners of the AFP and New South
Wales Police. Speaking before the meeting, the Prime Minister acknowledged
the impact of the gun laws introduced under the Howard

(01:57):
government after the Port Arthur massacre and said if we
need to toughen these up, if there's anything we can do,
I'm certainly up for it. We'll have more on the
outcome of the National Cabinet meeting in tomorrow morning show.
The Prime Minister also urged all Australians to place a
candle in their front window at six forty seven this evening,
which is the time that emergency services were first called

(02:17):
to Bondai last night, to show solidarity with the victims
and families of the attack. Onto story number three now
and the S and PA Sex two hundred closed zero
point seven percent lower today to eighty six hundred and
thirty five points after a selloff in commodity prices. Copper
fell more than three percent late last week from a
record high, while the price of iron or slumped after

(02:38):
China announced that it would change the rules on steel
exports from next month that affected mining giants BHP and
Rio Tinto. Both of those were off more than two
percent today. The gold miners were down, as were the
lithium companies. The banks were mixed, and the only sector
to rise was consumer discretionary, led by a two point
three percent jump for JB Hi Fi. Meanwhile, the rollercoaster

(03:00):
ride for drone shield investors continues. The drone tech company
soared more than ten percent today, the best on the course,
continuing a solid rebound from last week, and ASX Limited
that is the company that runs the exchange well. It
fell almost six percent today after being hit with governance
reforms by the corporate regulator. Story number four Commonwealth Banks

(03:22):
ASB subsidiary is being taken to court by the Reserve
Bank of New Zealand over alleged breaches of anti money
laundering and counter terrorism laws. ASB has admitted faulton agreed
to pay a six point seven to three million New
Zealand dollar fine pending court approval, after regulators alleged the
bank failed to properly check customers and was slow to

(03:44):
report suspicious activity dating back to at least twenty nineteen.
The Central Bank says asb's compliance program fell short of
legal standards and that it continued banking some high risk
businesses without being satisfied that their transactions were lawful. There
are no allegations ASB was directly involved in money laundering
or terrorism financing. ASB is wholly owned by Comwealth Bank

(04:06):
and his New Zealand's second largest lender, reporting a one
point three to five billion dollar profit last year. And finally,
story number five, legendary Hollywood director Rob Reiner and his
wife Michelle have been found dead in their Los Angeles
home in a suspected double homicide. Ryiner is best known
for directing hugely successful films ranging from romantic comedy When

(04:28):
Harry Met Sally to the drama A Few Good Men,
as well as The Princess Bride, stand By Me, and Misery.
Is also an actor, appearing in Sleepless in Seattle, The
Wolf of Wall Street, and most recently, the TV series
The Bear. Associated Press is reporting that Rob Ryiner, seventy eight,
and sixty eight year old Michelle were found with stab
wounds and a family member is being questioned by investigators.

(04:51):
That's this for the afternoon report for Monday, the fifteenth
of December. Make sure you're following the podcast and head
along to Fearandcreed dot com dot au to sign up
up for our free daily newsletter. I'm Michael Thompson. Enjoy
your evening,