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U.S. stocks drifted to a mixed finish, though the modest moves for indexes masked some thrashing underneath the surface.



The S&P 500 ended barely changed Wednesday after trading lower for much of the day. The Nasdaq composite slipped 0.1%, and the Dow Jones Industrial Average eked out a gain of 0.3%.

Target led the market lower and lost more than a fifth of its value after the retailer gave a dour forecast for the holiday shopping season.

On Wednesday:

The S&P 500 rose 0.13 points, or less than 0.1%, to 5,917.11.

The Dow Jones Industrial Average rose 139.53 points, or 0.3%, to 43,408.47.

The Nasdaq composite fell 21.32 points, or 0.1%, to 18,966.14.

The Russell 2000 index of smaller companies rose 0.71 points, or less than 0.1%, to 2,325.53.

For the week:

The S&P 500 is up 46.49 points, or 0.8%.

The Dow is down 36.52 points, or 0.1%.

The Nasdaq is up 286.02 points, or 1.5%.

The Russell 2000 is up 21.70 points, or 0.9%.

For the year:

The S&P 500 is up 1,147.28 points, or 24.1%.

The Dow is up 5,718.93 points, or 15.2%.

The Nasdaq is up 3,954.79 points, or 26.3%.

The Russell 2000 is up 298.46 points, or 14.7%.

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Terrifier 3 star David Howard Thornton has broken his silence on the low-budget horror film demolishing $200m flop Joker: Folie à Deux at the box office.



The grisly film - made for about $2 million - stars Thornton as homicidal clown Art who brutally murders an array of victims in stomach churning scenes - with the film knocking the starry Joaquin Phoenix and Lady Gaga film off the top of the US box office last week.



Thornton said the runaway success of his film had left him stunned as he likened to battle of the two films to 'David vs Goliath.' 

He told TMZ: 'Terrifier 3 was a small lower budget independent film... I never expected this to happen in my life, I'm floored and grateful for it all.

'We're grateful to the fans, we have a dedicated fanbase, we weren't beholden to the studio system.




Terrifier 3 star David Howard Thornton has broken his silence on the low-budget horror film demolishing $200m flop Joker: Folie à Deux at the box office (pictured as Art the clown) 





The grisly film - made for about $2 million - stars Thornton as homicidal clown Art who brutally murders an array of victims in stomach churning scenes - with the film knocking the starry Joaquin Phoenix and Lady Gaga (pictured) film off the top of the US box office last week 

'We turned down studios as they wanted to compromise the integrity of the film and we wanted to stick to what the fans wanted and we wanted.



Read More

Terrifier 3 dethrones Joker: Folie À Deux as box office champ


'This shows Hollywood that we need to start making movies that take risks again.

The star said he had yet to see the panned Joker sequel, saying: 'I was shocked too as the first Joker film I loved, I'm curious to see why people aren't as crazy about the second one.'    

Terrifier 3, written and directed by Damien Leone, is an un-rated blood fest, which has received a 78-percent rating from the critics on Rotten Tomatoes.  Audiences have 'certified' it 'hot' and given it a healthy 90-percent on the popcornmeter.

The film earned $18.3 million at the box office according to The Numbers.   

Landing in third place was Joker: Folie à Deux. After winning the box office competition during its debut weekend could not overcome the bad reviews, enduring an 82-percent decline in ticket sales.

The movie collected only $7.055 million, in spite of being in more than four thousand theaters across the US. 









Thornton said the runaway success of his film had left him stunned as he likened to battle of the two films to 'David vs Goliath' - pictured last week





He said: 'Terrifier 3 was a small lower budget independent film... I never expected this to happen in my life, I'm floored and grateful for it all'

The musical is 'poised to lose at least $150 million to $200 million in its theatrical run' according to the publication.

The movie studio spent about $200 million to produce the film and about $100 million on marketing and distribution, according to the report.

It would need to gross about $450 million at the box office to break even — when factoring in the cut taken by theaters — though Warner Bros. sources claim the number is $375 million.

A Warner Bros. spokesperson responded to the report, saying 'Any estimates suggested by anonymous "insiders" or "rival executives" are grossly wrong and continues a trend where rumor is reported as fact.'

'The film continues to play in theatrical release, included with this week's opening in China, and will continue to earn revenue throughout its home viewing and ancillary run.'

So far, the musical about Batman's nemesis has grossed $51.5 million domestically and $165 million globally after two weeks of release.




The film is 'poised to lose at least $150 million to $200 million in its theatrical run' according to the publication







In comparison, the first Joker grossed $96.2 million domestically and $248.4 million globally after three days of release.

The hotly-anticipated sequel to the 2019 billion dollar Oscar-winning film was considered a surefire hit for Warner Bros Pictures, yet ended up being slammed by critics and failed to ignite at the box office. 

Joker: Folie À Deux has garnered the lowest CinemaScore in comic book movie history as the film bombed at the box office on opening night. 


Joaquin PhoenixLady Gaga

All six senior members of the new federal anti-corruption watchdog have accepted Qantas Chairman's Lounge memberships as calls grow to refer Anthony Albanese over the perks he took from the airline. 

Gift disclosure logs for the National Anti-Corruption Commission (NACC) leadership positions show commissioners are all part of Australia's 'most exclusive club' the Chairman's Lounge membership extended by invite only by the Qantas chair.



This has raised concerns over how impartial the body would be when dealing with Qantas matters. 

If Mr Albanese has requested flight upgrades from former Qantas CEO Alan Joyce directly, as reported in a new book, he may have fallen foul of the strict Ministerial Code of Conduct which prohibits ministers from seeking 'any kind of benefit' 

Commissioner Paul Brereton declared Chairman's Lounge membership in 2023, as did the CEO Philip Reed and deputy commissioners Jaala Hinchcliffe and Nicole Rose, Sky News reported on Wednesday. 

Deputy commissioners Ben Gauntlett and Kylie Kilgour declared their membership in February 2024, which means it was after the NACC began operation in July 2023.




NACC Commissioner Paul Brereton declared his Chairman's Lounge membership in 2023





Read More

Inside the exclusive hideaway for the nation's movers and shakers, where secret deals can be done


 

An NACC spokesperson confirmed the Commissioner, three deputy commissioners and CEO are members of the Chairman's lounge.

'This does not impact the integrity of the Commission,' the spokesman said.

'Each of the statutory office holders has made appropriate declarations in regards to Chairman's lounge membership in the NACC Gifts and Benefits register.

'Qantas is not a Commonwealth agency within the Commission's jurisdiction.'

Opposition Leader Peter Dutton and his deputy Sussan Ley have said the Prime Minister should refer himself to the NACC over 22 upgrades and extra Chairman's Lounge memberships received from Qantas. 

An insight into the type of service offered by the Chairman's Lounges was offered by a job ad posted on employment site Indeed for the one at Canberra Airport.

The ad, placed by hotel group Accor that Qantas contracts to run the lounges, stated they were seeking 'a highly motivated Food & Beverage Attendant to join our experienced and professional Front of House team'.

'This role is based within the Chairman's Lounge, a small fine dining restaurant and lounge area that offers an a la carte menu designed by Neil Perry Consulting,' the ad states. 

'Service is discrete yet attentive, providing friendly and efficient food and beverage offerings that meets our passengers' expectations.'




The Qantas Chairman's Lounge (pictured Sydney Airport) has been described as Australia's most exclusive club





Former Qantas CEO Alan Joyce proudly walks the red carpet with one arm around the prime minister and the other around his partner Jodie Haydon





A job ad for the Canberra Qantas Chairman's Lounge sets out the requirements to serve the high and mighty

Applicants must 'have experience working in a fine dining environment and the ability to work a seven- day rotating roster.

The claims Albanese received 22 upgrades from economy when booking Qantas flight by personally requesting them from Mr Joyce are made in a new book The Chairman's Lounge by former Australian Financial Review columnist Joe Aston. 

Aston alleged Mr Albanese directly contacted Mr Joyce while in his various parliamentary jobs, which included Minister for Transport to ask for special upgrades that only the CEO could dole out for himself or his family.

According to unnamed Qantas 'insiders' 11 of the 22 flights Mr Albanese received upgrades for were 'privately funded' and included overseas trips to Rome, London, Los Angeles and Honolulu.

The book also revealed that as well as son Nathan having a 'plus one' Chairman's Lounge membership Mr Albanese's partner Jodie Haydon did as well. 

Mr Albanese insisted on Tuesday that all were 'declared in the appropriate way'.

WHAT IS THE QANTAS CHAIRMAN'S CLUB?

The Qantas Chairman's Lounge is an invitation-only club approved by the company chairman, with the guest list a closely-guarded secret.

It has been dubbed ¿the most exclusive club in the country¿ and comes with a distinct black card.

Members include senior-ranking MPs including ministers, state premiers and the Prime Minister, leaders of major unions and sporting groups, Qantas ambassadors, selected A-list celebrities, major corporate figures and high-profile media personalities.

The clubs can be found in Sydney, Melbourne, Canberra, Brisbane, Perth and Adelaide but are not signed, you have to know where to look.

Inside you will find expensive wood and brass furnishings, wool carpet and marble flooring all bathed in natural light. 

Members enjoy fine à la carte dining with a complimentary premium array of beers, spirits and Australian wines. Wine bottles are often given as departing gift

Facilities may also include spas, showers and an assortment of books and magazines.

Members may bring in two guests at a time. 

Lounge attendants personally alert you when your flight is to board and your personal preferences are logged for each flight. Membership also entitles you to first-class facilities at Qantas partner airlines.

Soure: Executive Traveller

 

 

 



Anthony AlbaneseQantas

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