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

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Speaker 1: for Monday, the twentieth of January twenty twenty five. I'm

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Speaker 1: Sean Elmer. Every afternoon, We've got five stories that happened

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Speaker 1: today that you need to know about. Story number one

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Speaker 1: is a decent day on the market today. The SMPA

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Speaker 1: six two hundred finished up almost half a percent to

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Speaker 1: eight thousand, three hundred and forty seven points. Iron all prices,

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Speaker 1: a rising that helped the big miners Badge, p and

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Speaker 1: Rio Tinto. In particular, shipping of iron ore from the

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Speaker 1: Pilbra has been delayed by a cyclone named Cyclone Sean

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Speaker 1: somewhat appropriately, that though, has been overcome and shipping has

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Speaker 1: once again begun. Best performers today among the large caps Promedicus,

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Speaker 1: James Hardy, Macquarie Group and West Farmers. The underperformers included

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Speaker 1: the energy companies Transurban and CSL. A little bit of

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Speaker 1: stock specific news, Igo share price fell after it said

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Speaker 1: it would post a net loss on its Western Australian

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Speaker 1: lithium processing plant. South thirty two said it's been able

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Speaker 1: to pick up production of aluminium. Its share price rose,

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Speaker 1: one of the best in the day was Tap Corp,

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Speaker 1: but more than five percent. In fact, it's up more

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Speaker 1: than twenty percent in the last week. Someone now is

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Speaker 1: out thereby not a lot of news around about that

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Speaker 1: particular company, still plenty of supporters. At the moment, of course,

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Speaker 1: markets are in a bit of a holding pattern ahead

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Speaker 1: of tomorrow's inauguration of Donald Trump. He will become the

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Speaker 1: forty seventh president of the US. Expect a barrage of

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Speaker 1: executive orders in the twenty four hours after he takes

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Speaker 1: a job that will probably give a lead to markets.

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Speaker 1: Story number two. The latest opinion poll locally shows that

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Speaker 1: Peter Dutton has caught Anthony Alberesi as preferred prime minister,

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Speaker 1: with law and order issues increasingly prominent among voters. The

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Speaker 1: Australian Financial Review Freshwater poll comes amid an anti Semitic

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Speaker 1: outbreak of violence. Now both Anthony Alberesi and Peter Dutton

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Speaker 1: got forty three percent of respondents to pick them as

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Speaker 1: preferred prime minister on a two party preferred basis. The

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Speaker 1: Coalition lead the Government fifty one to forty nine percent.

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Speaker 1: That's unchanged over the past four months. The poles at

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Speaker 1: the moment suggest that the oppositions attack on the Prime

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Speaker 1: Minister as weak are working. The key issues cost of

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Speaker 1: living by far and away the number one issue, then housing,

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Speaker 1: health and social care, economy, crime and social order, and

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Speaker 1: the environment. The most likely outcome from the election in

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Speaker 1: mid May is a hung Parliament. The betting markets still

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Speaker 1: think that the government is most likely, but they'll rely

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Speaker 1: on the Teals and the Greens to maintain power in

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Speaker 1: the House of Representatives. Story number three. The federal government

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Speaker 1: is busy rolling out big spending election promises even though

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Speaker 1: we don't have an election date yet. Today it pledged

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Speaker 1: two billion dollars towards converting Australia's four aluminium smelters into

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Speaker 1: renewable electricity plants. Prime Minister Anthony Albanesi was in the

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Speaker 1: Hunter Valley in New South Wales. He was talking about

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Speaker 1: fifteen hundred jobs at the smelter in Tamago. In the

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Speaker 1: past three weeks, the government has promised seven point two

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Speaker 1: billion dollars to upgrade the Bruce Highway in Queensland, three

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Speaker 1: billion dollars for the NBN and then another two billion

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Speaker 1: dollars for the aluminium smelters. Today. For its part, the

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Speaker 1: Coalition in the past forty eight hours has promised changes

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Speaker 1: to the fringe Benefit tax. It's promised that businesses with

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Speaker 1: the turnover of up to ten million dollars will actually

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Speaker 1: get FBT exemptions for amounts up to twenty thousand dollars.

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Speaker 1: That means you can go out to lunch for free basically,

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Speaker 1: or at least you get the taxes engine on it.

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Speaker 1: Sorry number four. The c is fire in the Middle

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Speaker 1: East has held for twenty four hours, with the release

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Speaker 1: of Israeli hostages overnight and more than three hundred tuckloads

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Speaker 1: of humanitarian aid entering the Gaza strip. The deal began

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Speaker 1: yesterday evening Australian time. Now Israel's released about ninety Palestinian

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Speaker 1: prisoners and detainees. All were women or miners. Three Israeli

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Speaker 1: female hostages were released. One a mother said it was

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Speaker 1: a horrendous ordeal, four hundred and seventy one days away

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Speaker 1: from her family. Thousands gathered in Tel Aviv to witness

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Speaker 1: the release of the Israeli hostages. Donald Trump and Joe

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Speaker 1: Biden both claimed credit and story number five. The ban

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Speaker 1: on TikTok in the US lasted a few hours before

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Speaker 1: Donald Trump said he will approve the platform operating in

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Speaker 1: the country, if a US entity is able to buy

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Speaker 1: a fifty percent of the app. Now, President Trump has

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Speaker 1: given by Dance, the owner of TikTok, three months to

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Speaker 1: find a buyer. He said he was doing it to

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Speaker 1: save jobs in the US. He also said he liked

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Speaker 1: TikTok because it helped him win the youth vote in

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Speaker 1: the presidential election. TikTok came out and thanked President Trump.

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Speaker 1: Congress has passed a law designed or Congress had passed

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Speaker 1: the law design to address national security concerns about TikTok.

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Speaker 1: Trump previously had supported that law. He then overturned it.

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Speaker 1: That's it tho Outhandon report for Monday, the twentieth January

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Speaker 1: twenty twenty five. Make sure you hit follow on the podcast.

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Speaker 1: We will be back tomorrow morning with a Tuesday edition.

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Speaker 1: The Fast Five Business Years by Fear and Greed Elma.

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Speaker 1: Enjoy your eating