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

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Speaker 1: for Thursday, the twentieth of March twenty twenty five. I'm

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Speaker 1: Sean Almer. 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 PA six two hundred closed up one

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Speaker 1: point two percent to seven nine hundred and nineteen points today,

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Speaker 1: the best single session in six weeks. It reflects a

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Speaker 1: strong knight on Wall Street and the release of jobs

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Speaker 1: figures in Australia that show a surprising reduction in employment

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Speaker 1: last month, fifty three thousand fewer positions, but the unemployment

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Speaker 1: rate stayed steady at four point one percent as fewer

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Speaker 1: people were looking for work. Among the best performers today

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Speaker 1: with the real estate bank and tech stocks of the

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Speaker 1: Bank's Commonwealth Bank led the way up nearly two percent.

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Speaker 1: Mcquarie Bank raised four percent. Well, Goodman Group, a Ristocrat, Leisure, Aria,

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Speaker 1: Weistec and Promedicus all did pretty well. Sorry Number two.

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Speaker 1: There's a bunch of media year reports around the place

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Speaker 1: today about Virgin Australia returning to the Australian Securities Exchange,

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Speaker 1: with investment banks sounding out potential investors. Bayin Kappel now

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Speaker 1: owns Virgin Australia. It's sold a twenty five percent stake

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Speaker 1: to Qatar recently. The reports say that advisors are scheduling

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Speaker 1: meetings with potential investors ahead of a potential relisting. A

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Speaker 1: Virgin relisting has speculated on ever since it was bought

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Speaker 1: by Baine. It seems though there hasn't really been anything

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Speaker 1: too concrete for the past couple of years. A couple

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Speaker 1: of reasons why are listing looks more attractive right now?

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Speaker 1: The Qatar corner steak and what it means for flights

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Speaker 1: into Europe that's more attractive to investors, and the fact

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Speaker 1: that Quantus's share price is up seventy five percent over

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Speaker 1: the past year. Story number three in Corporate News. Infections

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Speaker 1: group Nanosonics rallied thirteen and a half percent after US

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Speaker 1: regulators approved its tool designed to clean endoscopes used in

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Speaker 1: hospitals and reduce infection. Brickworks, the country's largest brickmaking company,

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Speaker 1: are now states more profit, which was better than last

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Speaker 1: year's loss and lifted its dividend, but its set home

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Speaker 1: building activity in Australia is subdued. Its share price rose

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Speaker 1: one percent. Clean Away Waste Management will acquire contract Resources

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Speaker 1: for three hundred and seventy seven million dollars. Clean Away

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Speaker 1: share price jumped three percent, and TPG Telecom can proceed

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Speaker 1: with its five point two five billion dollar sale of

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Speaker 1: its five networks to Focus Group after the A Trible

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Speaker 1: c gave the deal a green light. TPG's share price

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Speaker 1: rose six percent. Story number four and Video will spend

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Speaker 1: hundreds of billions of dollars on chips and other electronics

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Speaker 1: manufactured in the US over the next four years, as

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Speaker 1: the company tilts its supply chain back from Asia in

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Speaker 1: the face of Donald Trump's tariff threats. The huge spending

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Speaker 1: projection from the semiconductor group follows multi billion dollar US

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Speaker 1: investment plans announced by other technology companies, including Apple. Both

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Speaker 1: were examples of the impact of Trump's America First trade policies.

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Speaker 1: Nvidia CEO hens And Huang told The Financial Times that

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Speaker 1: Nvidio will procure over the course of the next four

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Speaker 1: years probably half a trillion US dollars worth of electronics,

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Speaker 1: with several hundred billion US dollars coming from the US.

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Speaker 1: Huang said the company's now able to manufacture its latest

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Speaker 1: systems in the US, and he sees a growing competitive

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Speaker 1: threat from Huawei in China. This week and Nvidia's annual

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Speaker 1: Developers Conference, huang unveiled the next generation of its AI chip,

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Speaker 1: called Via Reuben, outlining his plan to build clusters of

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Speaker 1: millions of interconnected chips in giant data centers that will

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Speaker 1: require vast power supplies and storing. Number Five. In the US,

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Speaker 1: the Federal Reserve that's the central Bank hinted at further

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Speaker 1: rate cuts overnight. In the world's biggest economy. The FED

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Speaker 1: cut its growth projections for the US and penciled in

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Speaker 1: half a percentage point rate cut this year. It also

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Speaker 1: upgraded its inflation forecast. However, the Central Bank said it

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Speaker 1: is still waiting for more progress on inflation and clarity

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Speaker 1: on President Donald Trump's trade policies before making any further moves.

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Speaker 1: For his part, mister Trump criticized the FED for not

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Speaker 1: moving on rates, saying it would be much better off

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Speaker 1: cutting interest rates as tariffs are introduced. That's it for

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Speaker 1: the Afternoon Report for Thursday, the twentieth of March twenty

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

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Speaker 1: We will be back tomorrow morning with the Friday edition

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Speaker 1: of the Fear and Greed Business News. I'm Sean Elmer.

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Speaker 1: Enjoy your evening,