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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Tuesday, the eleventh of February twenty twenty five. I'm

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Speaker 1: Sean Almer. Every afternoon, we've got the five stories that

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Speaker 1: happened today that you need to know about. Story and wine.

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Speaker 1: Plenty of profits out today. Sales Cell's share price fell

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Speaker 1: five percent after the Blood Plasma Group and our stay

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Speaker 1: solid result, but said the lower vaccination rates in the

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Speaker 1: US had hurt first half sales for its vaccination's business.

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Speaker 1: Macquarie Group gave a quarterly update, and the financial Bohemouth

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Speaker 1: said that things are on track, with earnings in its

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Speaker 1: asset management business off setting lower earnings in other parts

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Speaker 1: of the operations, particularly those reliant on global markets and

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Speaker 1: commodities trading. They were the big two in the equity market.

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Speaker 1: The SMPA six two hundred rows sharply and then spent

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Speaker 1: most of the day falling to finish pretty much unchanged

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Speaker 1: for the session at eight four hundred and eighty four points. Broadly,

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Speaker 1: it was a good day for industrials and tech companies,

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Speaker 1: not so good for energy and healthcare stop in the

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Speaker 1: healthcare stocks of course, were down on the back of

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Speaker 1: the cssel result gold hit a record high today, sending

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Speaker 1: evolution mining and gray mining much much higher. The precious

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Speaker 1: metal is now training at two nine hundred and thirty

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Speaker 1: three US dollars an ounce, so close to the magical

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Speaker 1: three thousand US dollars an ounce figure. Lithium stocks fell

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Speaker 1: back after news that a major lithium producer in China

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Speaker 1: had restarted operations. Linetown Resources was down nine percent today,

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Speaker 1: the worst on the ASX two hundred story number two.

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Speaker 1: Consumers are slowly getting happier or perhaps less grumpy, but

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Speaker 1: business sentiment continues to remain depressed. The Westpac Melbourne Institute

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Speaker 1: survey was unchanged in February. It's still well and truly

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Speaker 1: in negative territory when it comes to consumer sentiment. That's

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Speaker 1: three years of more pessimous than optimus, which is a

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Speaker 1: record since the nineteen nineties. But the good news the

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Speaker 1: trend is your friend in this case, and the trend

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Speaker 1: when it comes to consumer sentiment is rising. In business land,

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Speaker 1: conditions continue to trend down, those sentiment looks to have stabilized,

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Speaker 1: at least unlike consumers, businesses are still in positive territory. Combined,

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Speaker 1: the two probably suggest the worst is behind for the

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Speaker 1: Australian economy. Straight number three it was a good day

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Speaker 1: for the media companies, with Nine's A share price jumping

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Speaker 1: thirteen percent and seven West up six percent. That's after

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Speaker 1: the latter said the ad market is showing signs of

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Speaker 1: turning the part I thought was really interesting. Seven plus

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Speaker 1: obviously part of seven West. Seven Plus gained three hundred

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Speaker 1: and forty seven thousand new registered users on the back

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Speaker 1: of the channel streaming the Sri Lanka cricket series. Now

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Speaker 1: it doesn't cost to subscribe, but it shows it's a

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Speaker 1: good way for seven and seven plus to pick up

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Speaker 1: new subscribers. Straight number four Brevel, the high end coffee

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Speaker 1: and kitchen machinery manufacturer, is entering China, hoping that the

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Speaker 1: Chinese decide it's time to make their brews at home.

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Speaker 1: It wants to sell direct consumers rather than via retailers.

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Speaker 1: He also wants to head to the Middle East and

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Speaker 1: it's opening a base in Dubai. Chief executive Jim Clayton

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Speaker 1: said the company has already stockpiled product in the US

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Speaker 1: to avoid potential tariffs. China's big manufacturing base for the organization.

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Speaker 1: If it starts selling from China to the US, it's

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Speaker 1: going to hit by those Trump tariffs. Clayton said he

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Speaker 1: liked the Chinese market because many people bought directly online,

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Speaker 1: so it was lower than having to lower cost than

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Speaker 1: having to establish stores and story number five. Egypt has

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Speaker 1: told the US that Arab states reject US President Donald

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Speaker 1: Trump's widely condemned plan to displace Palestinians in Gaza and

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Speaker 1: take control of the territory. During a meeting in Washington,

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Speaker 1: Egypt's foreign minister stressed the importance of expediting Gaza's reconstruction

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Speaker 1: while Palestinians remained there. A statement by the US State

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Speaker 1: Department after the meeting reiterated the importance of close cooperation

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Speaker 1: between the two. Meanwhile, President Donald Trump says the ceasefire

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Speaker 1: agreement between Israel and Hamas should be canceled if Hamas

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Speaker 1: doesn't release all the remains hostages by Sunday. And while

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Speaker 1: on the subject of the President, he has ordered the

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Speaker 1: Department of Justice to halt the enforcement of a ban

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Speaker 1: on Americans bribing foreign officials. He's taking the ban off

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Speaker 1: Americans bribing foreign officials. That's it for the Afternoon Report

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Speaker 1: for Tuesday, the eleventh of February twenty twenty five. Make

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Speaker 1: sure you hit follow on the podcast. We will be

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Speaker 1: back tomorrow morning with Wednesday edition off Fear and Greed

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Speaker 1: business news. I'm Sean Elmer. Enjoy your evening,