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

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Speaker 1: the eleventh of September twenty twenty five. Are Michael Thompson.

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Speaker 1: Every afternoon, We've got the five stories that happened today

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Speaker 1: that you need to know about. Let's go storry number one.

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Speaker 1: The S and p ASX two hundred dipped zero point

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Speaker 1: three percent today to eight hundred and five points, dragged

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Speaker 1: down in part by the big banks A and Z

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Speaker 1: that was off one point six percent, NAB and Westpac

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Speaker 1: both down zero point nine percent, and Commonwealth Banks share

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Speaker 1: price fell zero point five percent. Healthcare two though had

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Speaker 1: an ordinary day, led by CSL, which slumped two point

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Speaker 1: four percent. The price of crude oil climbed overnight that

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Speaker 1: helped the local energy sector. Sentos and Woodside both climbed.

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Speaker 1: The price of gold is still sitting at near record highs,

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Speaker 1: which of course benefited the local gold miners. On the ASEX,

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Speaker 1: Newmont was up one point three percent, Resolute up more

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Speaker 1: than eight percent. Both Northern Star and Romilius climbed three

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Speaker 1: and a half percent. There were some small gains for

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Speaker 1: the lithium minors, but a long long way still from

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Speaker 1: recovering the ground that they lost yesterday when prices tumbled

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Speaker 1: on news that a big Chinese mind could be reopening early.

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Speaker 1: The other one worth mentioning today is nine Entertainment. Its

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Speaker 1: share price plummeted nearly thirty six percent today, But there

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Speaker 1: is a very good reason. The stock went ex dividend,

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Speaker 1: which basically means if you held the shares before today,

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Speaker 1: you received the dividend, and afterwards you didn't. And this

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Speaker 1: was a big one because it was the special dividend

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Speaker 1: payout sharing the proceeds of the sale of domain to

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Speaker 1: US property group co Star onto story number two now

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Speaker 1: and Bendigo and Adelaide Bank is reportedly set to cut

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Speaker 1: almost one hundred and sixty jobs, mostly in its technology division,

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Speaker 1: becoming the latest lender to slash staff. We spoke yesterday

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Speaker 1: about the more than four hundred jobs going at NAB

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Speaker 1: and a major reduction at A and Z of around

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Speaker 1: three and a half thousand jobs that was announced the

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Speaker 1: day before. Three days in a row. This is becoming

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Speaker 1: a trend. The sector is under pressure to cut costs

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Speaker 1: push profits. Bendigo says its restructure is aimed at boosting

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Speaker 1: productivity and improving customer service, but the finance sector union

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Speaker 1: is actually taking the bank to the Fair Work Commission,

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Speaker 1: arguing that workers haven't been given enough information. Story number three.

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Speaker 1: Liberal frontbencher Andrew Hasty has denied any move is underway

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Speaker 1: to replace Susan Lee as opposition leader, but confirmed he

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Speaker 1: has a quote desire to lead. Hasty says Lee had

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Speaker 1: no choice but to sack just into number gin per

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Speaker 1: Price after she refused to publicly back her leadership, although

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Speaker 1: he did suggest that Saga was mishandled. The West Australian

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Speaker 1: MP vowed to speak out on energy and migration, reiterating

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Speaker 1: his opposition to net zero while stressing this is a quote.

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Speaker 1: The knives are not being sharpened against Lee. Story number four.

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Speaker 1: We said it might happen, and it did, but not

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Speaker 1: for long. Oracle founder Larry Ellison briefly overtook Elon Musk

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Speaker 1: as the world's richest person after Oracle shares surged thirty

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Speaker 1: six percent, the company's biggest one day gain since nineteen

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Speaker 1: ninety two. Ellison's fortune jumped by a record eighty nine

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Speaker 1: billion US dollars to three hundred and eighty three billion US.

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Speaker 1: This is according to the Bloomberg Billionaires Index, giving him

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Speaker 1: the number one spot before Elon Musk edged back ahead

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Speaker 1: by just one billion dollars. Now eighty one year old

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Speaker 1: Ellison as most of his wealth tied to Oracle, which

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Speaker 1: posted some booming cloud growth. By contrast, Tesla shares are

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Speaker 1: down fourteen percent this year, and finally, story number five

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Speaker 1: are very serious one to finish on. Prominent US conservative

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Speaker 1: activist Charlie Kirk has been shot dead while speaking at

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Speaker 1: a university in Utah, sparking a massive manhunt for the

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Speaker 1: killer and a political storm as well. Thirty one year

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Speaker 1: old Kirk was shot in the neck during an outdoor

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Speaker 1: event attended by thousands. He was rushed to hospital. He

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Speaker 1: later died. Authorities say the shot was fired from a

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Speaker 1: nearby building, and footage obtained by The New York Times

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Speaker 1: appeared to show a figure on a roof. A suspect

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Speaker 1: was detained but was later released, and a search is

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Speaker 1: continuing now. US President Donald Trump, who was a close

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Speaker 1: ally of Charlie Kirk, called him a martyr for truth

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Speaker 1: and freedom and blamed the radical left for fueling the attack.

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Speaker 1: Utah's governor has labeled it a political assassination. That's it

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Speaker 1: for the Afternoon Report for Thursday. The eleventh of September

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

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Speaker 1: podcast and we'll be back tomorrow morning with the Friday

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Speaker 1: edition of the Fast five Business News by Fear and

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Speaker 1: Greed A Michael Thompson. Enjoy your ethic