FEAR & GREED | Business News Afternoon Report | NSW Premier defends police
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Dec 16, 2025 Tributes pour in for hero Ahmed El Ahmed, with his GoFundMe surpassing $2 million. NSW Premier Chris Minns stands behind police actions amid tensions. The ASX closes lower, particularly hit by tech and energy sectors. DroneShield celebrates a $50 million contract, boosting its share price significantly. Leadership changes at Star Entertainment follow the CEO’s departure and potential fines, while a charity faces legal issues for unlawfully cutting men's pay. Trump’s recent comments draw bipartisan criticism.
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Bondi Memorial And Hero's Recognition
- Floral tributes and high-profile visitors gathered at Bondi to honour the 15 victims of the shooting.
- Michael Thompson reports that Ahmed El Ahmed, the hero who intervened, received hospital visits and a GoFundMe topping $2 million.
Premier Defends Police Response
- Premier Chris Minns publicly defended NSW police decisions amid questions about engagement timing and tactics.
- He emphasised officers used handguns against rifle-armed attackers and that two officers were shot in the front, rejecting criticism.
Markets Dip As Banks Eye Early Rate Hike
- The ASX 200 fell 0.4% to 8,599, led lower by tech and energy stocks such as Life360 and Woodside.
- Banks dipped and major lenders now expect a possible RBA rate hike as soon as February due to inflationary pressures.