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

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Speaker 1: for Friday, the twelfth of September twenty twenty five. I'm

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Speaker 1: Michael Thompson, and every afternoon we've got the five stories

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Speaker 1: that happened today that you need to know about. Let's

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Speaker 1: go with story number one. Starting today with markets, The

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Speaker 1: S and P ASX two hundred closed zero point seven

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Speaker 1: percent higher today to eight hundred and sixty five points.

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Speaker 1: A strong end to the week with ten of the

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Speaker 1: eleven sectors climbing and really it's got Wall Street to

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Speaker 1: thank for it. US inflation data came in overnight, matching

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Speaker 1: what the market expected, further fueling hopes of a rate

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Speaker 1: cut when the Fed meets next week. That sent markets

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Speaker 1: higher in the US and all three major indexes, the

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Speaker 1: Dow Jones, the broad based SMP five hundred, and the

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Speaker 1: tech heavy Nasdaq they all closed at record highs. So

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Speaker 1: with a lead in like that, the ASEX was set

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Speaker 1: for pretty good day, which is what happened with the

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Speaker 1: banks Comonwealth Bank, nab A, and zed Westpac all up

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Speaker 1: between one point one and one point four percent. The

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Speaker 1: surging price of gold once again gave the local gold

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Speaker 1: mine as a boost. At one point today, gold was

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Speaker 1: trading as high as three thousand, six hundred and thirty

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Speaker 1: nine US dollars an ounce. The only sector to lose

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Speaker 1: ground today was the energy sector after oil prices dipped,

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Speaker 1: pulling Woodside Energy for One down three point four percent,

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Speaker 1: which leads us very neatly into story number two. The

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Speaker 1: federal government has given the green light to Woodside's plan

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Speaker 1: to keep its massive Northwest Shelf gas projects running until

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Speaker 1: twenty seventy. Environment Minister Murray Watt announced today that he's

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Speaker 1: signed off on the extension, with almost fifty new conditions attached,

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Speaker 1: including a sixty percent cut to certain emissions by twenty thirty.

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Speaker 1: The decision comes after years of debate over the WA

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Speaker 1: facility's future. Critics have pointed to climate risks and concerns

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Speaker 1: about indigenous heritage, particularly as it relates to Rock Art nearby,

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Speaker 1: while the WA government has argued that this project is

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Speaker 1: vital for energy security. Story number three. Former Virgin Australia

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Speaker 1: boss Jane Herdlicker will pocket nearly fifty million dollars after

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Speaker 1: stepping down from the airline ahead of its return to

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Speaker 1: the ASX. Virgin annual report shows that she received more

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Speaker 1: than ten million shares worth almost thirty three million dollars

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Speaker 1: as part of a management equity plan that was set

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Speaker 1: up in twenty twenty one, plus millions more in cash

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Speaker 1: and benefits. The payout highlights the well pretty lucrative rewards

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Speaker 1: under Virgin's private equity ownership. It was brought out of

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Speaker 1: administration by Bain, which then sold down at stake when

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Speaker 1: the airline listed on the ASX in June. Jane Herdlicer

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Speaker 1: left in March and will start as CEO of Endeavor Group,

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Speaker 1: which owns Dan Murphy's. That'll happen early next year. Story

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Speaker 1: number four. Speaking of aviation, there was a crisis narrowly

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Speaker 1: averted this afternoon at Sydney Airport. Travelers were bracing for

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Speaker 1: flow on effects around the country because of a shortage

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Speaker 1: of air traffic controllers at Sydney Airport. Air Services Australia

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Speaker 1: had limited departures throughout the day to four minutes apart

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Speaker 1: from ten am, and the expectation was that all takeoffs

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Speaker 1: were going to have to be shut down entirely for

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Speaker 1: a period of time this afternoon. An hour before that

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Speaker 1: was set to take place, Suddenly, more staff were brought

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Speaker 1: in the problem is a broader one, though The union

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Speaker 1: representing air traffic controllers say staff shortages have been building

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Speaker 1: now for more than a decade, worsened by early retirements

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Speaker 1: and slow training pipelines, and as what happened today when

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Speaker 1: they had staff sick all of a sudden, it has

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Speaker 1: a flow on effect, and the concerns were that with

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Speaker 1: people flying into state for NRL and AFL finals, that

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Speaker 1: a disruption at Sydney Airport can have a flow on

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Speaker 1: right around the country. There was a slight disruption, but

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Speaker 1: a crisis has been averted and finally story number five,

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Speaker 1: the FBI has released new video of the suspect in

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Speaker 1: the assassination of US conservative activist Charlie Kirk, showing the

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Speaker 1: suspect fleeing a rooftop near Utah Valley University. Investigators have

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Speaker 1: recovered a high powered rifle and a following thousands of

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Speaker 1: public tips, with Utah's governor saying prosecutors will pursue the

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Speaker 1: death penalty if the gunman is caught. Donald Trump has

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Speaker 1: called for calm, praising Kirk as an advocate of nonviolence.

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Speaker 1: Vice President JD. Vance accompanied the thirty one year old's

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Speaker 1: body home to Arizona aboard Air Force two, with the

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Speaker 1: President confirming that he will attend the funeral next week. Meanwhile,

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Speaker 1: social media platforms, including TikTok are removing videos that show

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Speaker 1: close up views of the shooting. That's it for the

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Speaker 1: afternoon report for Friday, the twelfth of September twenty twenty five.

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Speaker 1: Make sure you follow on the podcast and we'll be

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Speaker 1: back tomorrow morning with the weekend edition of the Fast

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Speaker 1: five Business News by Fear and Greed. I'm Michael Thompson.

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Speaker 1: Enjoy your evening.