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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 ninth of September twenty twenty four. I'm

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Speaker 1: sure in Alma every afternoon. We've got the five stories

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Speaker 1: that happened today that you need to know about, Story Num. One.

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Speaker 1: The SMPA six two hundred closed down zero point three

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Speaker 1: percent today to seven nine hundred and eighty eight points.

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Speaker 1: Consumer discretionary stocks did worst, while property companies did best.

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Speaker 1: Most of the banks were lower, with Westpac off one percent. Ria,

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Speaker 1: Woodside and West Farmers were also down at least one percent.

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Speaker 1: Best on the day among the large caps at least

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Speaker 1: was Weis Tech Global, up two point three percent. A

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Speaker 1: bunch of stocks including CSL, Hub twenty four, Super Retail Group,

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Speaker 1: and Beaver Energy all traded ex dividend in m and

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Speaker 1: A news Charter Hall retail rout has teamed up with

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Speaker 1: superfund host Plus to bid for ASX listed Hotel Property Investments.

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Speaker 1: Charter Hall bought almost fifteen percent of HBI back in March,

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Speaker 1: and today's bid is a premium of around five percent

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Speaker 1: to Friday's closing vice. There have been some changes to

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Speaker 1: the ASEX two hundred anounced as well, now they occur

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Speaker 1: every three months rebalancing. Recently listed with many gomes will

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Speaker 1: be included in the benchmark smp ASX two hundred index

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Speaker 1: from September twenty three. Also joining the top two hundred

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Speaker 1: will be WA Minor, West Gold and Coal Miner Yan

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Speaker 1: cole Domain Nanosonics and Strike Energy will be removed from

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Speaker 1: the index. Stroight number two. The Federal Opposition has called

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Speaker 1: for the government to be given powers to force the

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Speaker 1: vestitures in the aviation industry, essentially meaning that Canberra could

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Speaker 1: force Quantas to sell Jetstar. The option is being pushed

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Speaker 1: by the coalition's Transport spokeswoman Bridget McKenzie on the basis

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Speaker 1: that the threat of divestiture could be enough to keep

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Speaker 1: airfares lower than they otherwise would be Jesus saying the

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Speaker 1: Coalition wants to force the national carrier to sell Jetstar.

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Speaker 1: Take note of that the Federal Opposition has taken on

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Speaker 1: quite a few big businesses recently, particularly the retailers. This

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Speaker 1: pushes the strategy into aviation. Senator mackenzie said Australians want

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Speaker 1: an airline sector where there is genuine choice, where planes

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Speaker 1: take off and land on time, and where luggage arrives

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Speaker 1: at a destination along with the passengers. It's a popularist

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Speaker 1: argument just in time for the next federal election and

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Speaker 1: got plenty of media plated today doesn't necessarily have unanimous support,

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Speaker 1: though within the coalition, Nationals leader David lirld Proud was

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Speaker 1: quite cool on the idea. He simply said the idea

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Speaker 1: needs further study. Story number three. Domino's Pizza has been

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Speaker 1: hit with a class action alleging misleading or deceptive conduct

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Speaker 1: and breaches of its disclosure obligations regarding the performance of

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Speaker 1: its Japanese stores. In January this year, Domino's share price

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Speaker 1: fell thirty percent after it released an awful training update

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Speaker 1: based on the outlook for Asia and Europe busy, fourth

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Speaker 1: profit down grade in three years, and it looks like

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Speaker 1: shareholders are fed up with it all. Including today's two

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Speaker 1: percent drop, Domino's share prices off fifty percent this year alone,

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Speaker 1: and proceedings have been filed by Eco Law on behalf

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Speaker 1: of shareholders who bought into domin in the second half

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Speaker 1: of twenty twenty one. At its peak in that period,

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Speaker 1: a Dona's share was worth more than one hundred and

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Speaker 1: sixty dollars. Today it's less than thirty dollars austraighta before

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Speaker 1: China's core inflation fell to its lowest level in more

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Speaker 1: than three years, triggering calls for greater stimulus to boost

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Speaker 1: household spending to help achieve Beijing's five percent and your

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Speaker 1: growth target. The CPI excluding volatile food and energy costs

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Speaker 1: rows just zero point three percent in August from a

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Speaker 1: year earlier, the least since March twenty twenty one. The

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Speaker 1: broader inflation reading increased zero point six percent, but that

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Speaker 1: missed expectations. Even that was boosted by higher food cost

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Speaker 1: due to bad weather last month. And story number five

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Speaker 1: the surgeon. Support for Carmala Harris has faded somewhat, a

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Speaker 1: new pole suggests, leaving Donald Trump ahead in the run

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Speaker 1: up to what may be the only televised debate between

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Speaker 1: the candidates, scheduled for Wednesday Australian time. For the first

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Speaker 1: time in a month, Trump is narrowly ahead, with forty

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Speaker 1: eight to forty seven percent support nationwide among those likely

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Speaker 1: to vote. According to a New York Times Siena College pom.

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Speaker 1: It also shows that nearly a third of Americans felt

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Speaker 1: that they needed to learn more about Harris and where

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Speaker 1: she stands on the issues that matter to voters. Only

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Speaker 1: nine percent felt that way about Trump, according to a

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Speaker 1: report in The Times. A survey by CBS News of

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Speaker 1: voters in three swing states shared Harris ahead by a

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Speaker 1: single point in Michigan and Wisconsin, and tied with Trump

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Speaker 1: in the battleground state of Pennsylvania. A yug Of poll

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Speaker 1: last week commissioned by The Times put Harris ahead in

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Speaker 1: four swing states and Trump in three. That's it for

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Speaker 1: the Afternoon Report for Monday, the ninth of September twenty

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Speaker 1: twenty four. Don't forget to hit follow on the podcast

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Speaker 1: and find Fear and Greed on LinkedIn, Instagram, x TikTok

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Speaker 1: and Facebook. Joined Michael Thoms and I Tomorrow I'm morning

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Speaker 1: for the Fast five by Fear and Greed, the top

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Speaker 1: five business stories you need to know in just five minutes.

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Speaker 1: I'm Seane Elmer. Enjoy Readney