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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 nineteenth of August twenty twenty five. Are

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Speaker 1: Michael Thompson. Every afternoon, We've got the five stories that

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

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Speaker 1: The S and PASX two hundred closed down zero point

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Speaker 1: seven percent today to eight hundred ninety six points, ending

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Speaker 1: the share market's recent run of records. Headlining the losses, though,

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Speaker 1: was healthcare giants CSL. It fell a whopping sixteen point

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Speaker 1: nine percent today, its largest ever fall, driven by revenue

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Speaker 1: that came in below expectations and concerns over the company's outlook.

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Speaker 1: The company announced plans to slash three thousand jobs. Oil

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Speaker 1: and gas giant Woodside fell two point eight percent after

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Speaker 1: a twenty four percent drop in first half profit, while

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Speaker 1: fellow energy company Santos closed two point six percent lower,

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Speaker 1: though that was tied to news that it's unlikely to

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Speaker 1: reach a deal to be sold to the Abu Dhabi

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Speaker 1: National Oil Company before its deadline. At the other end

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Speaker 1: of the market, the banks were all higher. BHP closed

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Speaker 1: hired despite a twenty six percent drop in earnings, and

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Speaker 1: job site seek was up eight percent, one of the

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Speaker 1: best on the course after beating expectations with its full

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Speaker 1: year results. Story number two. The Prime Minister has rejected

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Speaker 1: claims that he was targeting Reserve Bank Governor Michelle Bullock

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Speaker 1: with a rather pointed comment at the opening of the

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Speaker 1: Roundtable on Economic Reform today. In his opening remarks in Canbro,

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Speaker 1: Prime Minister Anthony Aberezi said the Federal Government was proud

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Speaker 1: the jobless rate was a low four point two percent,

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Speaker 1: that real wages were rising again and interest rates were falling.

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Speaker 1: The PM said there are some economists, perhaps some in

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Speaker 1: this room who thought that you couldn't get inflation down

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Speaker 1: without getting unemployment up. Well, that's not my government's way.

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Speaker 1: My government has focused on looking after people on the

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Speaker 1: economic journey. The Australian reports that the Prime Minister's office

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Speaker 1: has rejected the assertion that his comments were directed at Bullock,

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Speaker 1: who was just three seats away from the Prime Minister

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Speaker 1: at the time and didn't look particularly impressed. Story number three.

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Speaker 1: Hundreds of thousands of Australians with I net accounts have

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Speaker 1: been caught up in a major cyber breach at TPG Telecom.

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Speaker 1: Hackers accessed the telco systems on Saturday, stealing two hundred

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Speaker 1: and eighty thousand active email addresses and twenty thousand landline numbers,

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Speaker 1: street addresses, usernames, mode and passwords. They were also stolen,

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Speaker 1: though no banking or ID documents were involved. The Financial

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Speaker 1: Review reports that TPG's investigating whether information about how to

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Speaker 1: access its systems used by a former employee had found

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Speaker 1: its way onto the dark web, perhaps through malware that

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Speaker 1: had been installed on the employee's personal mobile phone. It's

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Speaker 1: thought that the third party then obtained access credentials and

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Speaker 1: used them to get into a system used by its

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Speaker 1: Australian and overseas call centers to connect and disconnect broadband

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Speaker 1: plans and fixed line phone services. A lot of work

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Speaker 1: going into determining the cause of this one story number four.

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Speaker 1: Foreign Minister Penny Wong has called Israel's decision to cancel

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Speaker 1: visas for Australian representatives unjustified. Israel escalated tensions with Australia,

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Speaker 1: revoking visas for Australian officials to the Palestinian authority, warning

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Speaker 1: that future applications will face stricter scrutiny. It appears to

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Speaker 1: be almost a tit for tat move after Canbra blocked

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Speaker 1: an Israeli politician from visiting here, citing concerns that he

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Speaker 1: would spread hate and division. Opposition Finance spokesman James Patterson

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Speaker 1: has described Australia's relationship with Israel as the worst it

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Speaker 1: has ever been. Meanwhile, Hamas has accepted a proposal for

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Speaker 1: a Gaza ceasefire, including a sixty day halt to fighting

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Speaker 1: and the phased release of half of the roughly twenty

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Speaker 1: remaining Israeli hostages. The talks were mediated by Egypt and Katar,

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Speaker 1: and finally, story number five, a meeting between US President

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Speaker 1: Donald Trump and Ukrainian President Vladimir Zelenski in the Oval Office,

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Speaker 1: has ended with Zelenski agreeing to meet Russian leader Vladimir

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Speaker 1: Putin to hopefully discuss ending the war in Ukraine. Also

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Speaker 1: attending the talks in Washington, where the leaders of Britain, France, Germany, Italy, Finland,

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Speaker 1: the European Commission, and NATO. The focus was on security guarantees.

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Speaker 1: Trump floated NATO like protection for Ukraine led by Europe,

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Speaker 1: but with US backing, and he didn't rule out American troops,

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Speaker 1: but divisions do remain over whether a ceasefire is part

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Speaker 1: of the process, with Trump pushing instead to bypass that

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Speaker 1: and go straight for a full peace deal. He says, though,

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Speaker 1: that we will know within one maybe two weeks if

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Speaker 1: peace is possible. That's it for the Afternoon Report for Tuesday,

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Speaker 1: the nineteenth of August twenty twenty five. Make sure you

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Speaker 1: hit follow on the podcast and we'll be back tomorrow

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Speaker 1: morning with the Wednesday edition of Fear and Greed. I'm

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Speaker 1: Michael Thompson. Enjoy your evening.