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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 twenty second of July twenty twenty five.

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Speaker 1: I'm sure and alma every afternoon. We've got the five

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Speaker 1: stories that have happened today that you really do need

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Speaker 1: to know about. Story number one. The big banks were

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Speaker 1: dumped today, with Commonwealth Bank dropping three percent, which given

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Speaker 1: its size, took thirty points off the S and p

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Speaker 1: ASX two hundred index. The other banks were also lover,

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Speaker 1: While the big miners and healthcare stocks did well. The

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Speaker 1: iron ore stocks did best on the back of China's

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Speaker 1: new mega hydro dam. BHP jumped two point three percent,

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Speaker 1: while Reo Tinto and four to Skew Metals were up

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Speaker 1: more than three percent. Blue Scope Steel also rose more

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Speaker 1: than three percent. Among the healthcare stocks, CSL rose three

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Speaker 1: and a half percent, while Promedicus and Resmes both outperformed

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Speaker 1: by the closed course was up just a touch to

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Speaker 1: eighty six hundred and seventy seven points. Story number two. Australia, Britain,

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Speaker 1: Japan and twenty two other countries, including many European nations,

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Speaker 1: have called for an end to the war in Gaza,

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Speaker 1: and a joint statement issued this morning. It's an escalation

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Speaker 1: in the Allies urgency around what's happening in the region.

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Speaker 1: The Foreign Minister's statement says the suffering of civilians in

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Speaker 1: Gaza has reached new depths. It condemns the quote grip

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Speaker 1: feeding of aid and the inhumane killing of civilians, including children,

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Speaker 1: singing to meet their most basic needs of water and

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Speaker 1: food end quote. Notably absent from the statement is the

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Speaker 1: US and Germany. Mike Huckabee, us IS Ambassador to Israel

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Speaker 1: called the joint statement disgusting. Sorry. Number three radio ratings

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Speaker 1: came out today and there was finally some good news

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Speaker 1: for Kiss FM's Kyle and Jackie o breakfast show, with

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Speaker 1: the Sydney pair rising in the ratings in Melbourne. It's

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Speaker 1: the two hundred million dollars ten year gamble from Kiss

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Speaker 1: owner Arn Media. They're doing the same breakfast show for

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Speaker 1: the Sydney and Melbourne audiences. Thus far it hasn't paid off.

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Speaker 1: Now the duo remained the number one FM program in Sydney.

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Speaker 1: In Melbourne, the good news is their ratings rose zero

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Speaker 1: point five points to five point six percent audience share

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Speaker 1: in Melbourne. Three aw's Ross and Russell won their time slot,

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Speaker 1: though their ratings fell. Overall, three AW fell from number

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Speaker 1: one station to number two elips by Gold one O

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Speaker 1: four point three. In Sydney, two GB's Ben Fordham holds

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Speaker 1: the breakfast crown, though heats ratings dropped as well. In

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Speaker 1: that market, two GB had to share the top spot

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Speaker 1: with Smooth FM storing number four. Wisse Tech Global will

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Speaker 1: increase its use of artificial intelligence as part of a

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Speaker 1: broad restructure that's likely to result in job losses. The

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Speaker 1: logistics software group will introduce a phased restructure across all

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Speaker 1: parts of his business and geographies. Wis Tech and comployes

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Speaker 1: about thirty five hundred people around the world. The first

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Speaker 1: phase of restructure will focus on the product development and

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Speaker 1: customer service divisions, while the Weiss Tech Academy in Australia, India,

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Speaker 1: the United States and China will also be hit. Wis

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Speaker 1: Tech's share price rose today, though it's down four percent

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Speaker 1: this year. Finally, storying number five Plinny of Corporate News

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Speaker 1: Around the Place Today, Perpetual lifted assets under management by

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Speaker 1: two and a half percent of the June quarter as

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Speaker 1: market gains offset net outflows and a currency drag. The

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Speaker 1: group said it's also accelerating plans to restructure subsidiary jo

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Speaker 1: hambro Capital Management, and is in active talks over the

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Speaker 1: sale of its wealth management division. Fletcher Building confirmed its

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Speaker 1: exploring potential divestment options for parts of its construction unit.

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Speaker 1: Champion Iron rallied five percent after its signed an agreement

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Speaker 1: with Nippon Steel to form a partnership for the development

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Speaker 1: of its iron ore project in Canada and canarv And

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Speaker 1: Energy will invest up to eighty nine million dollars in

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Speaker 1: Strike Energy, acquiring up to a nineteen point nine percent stake.

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Speaker 1: As if the afternoon report for Tuesday, the twenty second

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Speaker 1: of July twenty twenty five, make sure you hit follow

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Speaker 1: on the podcast. We will be back tomorrow morning with

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Speaker 1: a Wednesday edition of Fear and Greed Business News. I'm

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Speaker 1: sure I enjoy your evening