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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 twentieth of January twenty twenty five. I'm

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Speaker 1: Sean Elmer. Every afternoon, We've got five stories that happened

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

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Speaker 1: is a decent day on the market today. The SMPA

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Speaker 1: six two hundred finished up almost half percent to eighty

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Speaker 1: three hundred and forty seven points. Iron all prices a

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Speaker 1: rising that helped the big miners Badge, p and Rio Tinto.

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Speaker 1: In particular, shipping of iron ore from the Pilbra has

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Speaker 1: been delayed by a cyclone named Cyclone Sean somewhat appropriately,

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Speaker 1: that though, has been overcome and shipping has once again begun.

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Speaker 1: Best performers today among the large caps Promedicus, James Hardy,

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Speaker 1: Macquarie Group and West Farmers. The underperformers included the energy

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Speaker 1: companies Transurban and CSL. A little bit of stock specific news,

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Speaker 1: Igo share price fell after Ittz said it would post

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Speaker 1: a net loss on its Western Australian lithium processing plan.

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Speaker 1: South thirty two said it's been able to pick up

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Speaker 1: production of aluminium. Its share price rose, one of the

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Speaker 1: best in the day was TAB Corp up more than

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Speaker 1: five percent. In fact, it's up more than twenty percent

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Speaker 1: in the last week. Someone now is out thereby not

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Speaker 1: a lot of news are around about that particular company,

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Speaker 1: still plenty of supporters. At the moment, of course, markets

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Speaker 1: aren't a bit of a holding pattern. Ahead of tomorrow's

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Speaker 1: inauguration of Donald Trump. He will become the forty seventh

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Speaker 1: president of the US. Expect a barrage of executive orders

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Speaker 1: in the twenty four hours after he takes a job

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Speaker 1: that will probably give a lead to markets. Story number two.

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Speaker 1: The latest opinion poll locally shows that Peter Dutton has

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Speaker 1: caught Anthony Alberesi as preferred prime minister, with law and

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Speaker 1: order issues increasingly prominent among voters. The Australian Financial Review

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Speaker 1: Freshwater poll comes amid an anti Semitic outbreak of violence.

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Speaker 1: Now both Anthony Alberesi and Peter Dutton got forty three

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Speaker 1: percent of respondents to pick them as preferred prime minister

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Speaker 1: on a two party preferred basis. The Coalition lead the

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Speaker 1: Government fifty one to forty nine percent. That's unchanged over

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Speaker 1: the past four months. The piles at the moment suggest

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Speaker 1: that the oppositions attack on the Prime Minister as weak

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Speaker 1: are working. The key issues cost of living by far

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Speaker 1: and away the number one issue, then housing, health and

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Speaker 1: social care, economy, crime and social order, and the environment.

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Speaker 1: The most likely outcome from the election in mid May

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Speaker 1: is a hung Parliament. The betting markets still think that

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Speaker 1: the government is most likely, but they'll rely on the

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Speaker 1: Tails and the Greens to maintain power in the House

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Speaker 1: of Representatives. Story number three. The federal government is busy

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Speaker 1: rolling out big spending election promises even though we don't

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Speaker 1: have an election date yet. Today it pledged two billion

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Speaker 1: dollars towards converting Australia's four aluminium smelters into renewable electricity plants.

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Speaker 1: Prime Minister Anthony Albanesi was in the Hunter Valley in

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Speaker 1: New South Wales. He was talking about fifteen hundred jobs

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Speaker 1: at the smelter in Tamago. In the past three weeks,

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Speaker 1: the government has promised seven point two billion dollars to

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Speaker 1: upgrade the Bruce Highway in Queensland, three billion dollars for

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Speaker 1: the NBN and then another two billion dollars for the

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Speaker 1: aluminium smelters. Today. For its part, the Coalition in the

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Speaker 1: past forty eight hours has promised changes to the fringe

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Speaker 1: Benefit tax. It's promised that businesses with the turnover of

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Speaker 1: up to ten million dollars will actually get FBT exemptions

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Speaker 1: for amounts up to twenty thousand dollars. That means you

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Speaker 1: can go out to lunch for free basically, or at

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Speaker 1: least you get the taxes engine on it. Sorry. Number four,

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Speaker 1: This is far in the Middle East has held for

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Speaker 1: twenty four hours, with the release of Israeli hostages overnight

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Speaker 1: and more than three hundred tuckloads of humanitarian aid entering

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Speaker 1: the Gaza strip. The deal began yesterday evening Australian time.

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Speaker 1: Now Israel's released about ninety Palestinian prisoners and detainees. All

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Speaker 1: were women or miners. Three Israeli female hostages were released.

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Speaker 1: One a mother said it was a horrendous ordeal four

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Speaker 1: hundred and seventy one days away from her family. Thousands

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Speaker 1: gathered in Tel Aviv to witness the release of the

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Speaker 1: Israeli hostages. Donald Trump and Joe Biden both claimed credit

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Speaker 1: and story number five. The ban on TikTok and the

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Speaker 1: US lasted a few hours before Donald Trump said he

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Speaker 1: will approve the platform operating in the country, if a

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Speaker 1: US entity is able to buy fifty percent of the app. Now,

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Speaker 1: President Trump has given by Dance, the owner of TikTok,

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Speaker 1: three months to find a buyer. He said he was

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Speaker 1: doing it to save jobs in the US. He also

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Speaker 1: said he liked TikTok because it helped him win the

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Speaker 1: youth vote in the presidential election. TikTok came out and

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Speaker 1: thanked President Trump. Congress has passed a law designed or

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Speaker 1: Congress had passed the law design to address national security

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Speaker 1: concerns about TikTok. Trump previously had supported that law. He

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Speaker 1: then overturned it. That's it for the Ousternoon Report for Monday,

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Speaker 1: the twentieth of January twenty twenty five. Make sure you

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Speaker 1: hit follow on the podcast. We'll be back tomorrow morning

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Speaker 1: with a Tuesday edition of Fear and Greed Business News.

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Speaker 1: I'm John Elmer and Joey Read