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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 twenty fifth of September twenty twenty five.

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

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Speaker 1: stories that happen today that you need to know about.

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Speaker 1: Let's go with story number one is all about markets.

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Speaker 1: A soaring copper price has given a boost to the

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Speaker 1: big miners, helping the S and PA Sex two hundred

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Speaker 1: to a narrow zero point one percent gain today, closing

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Speaker 1: at eighty seven hundred and seventy three points. BHP and

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Speaker 1: Rio Tinto were both up three point six percent today.

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Speaker 1: Pure play copper produces even more as the price of

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Speaker 1: the metal climbed. It has been driven by a landslide

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Speaker 1: at a major mine in Indonesia earlier this month. Gold miners,

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Speaker 1: on the other hand, went backwards today, the price of

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Speaker 1: gold retreating slightly, and Romelius, Genesis and Northern Star all

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Speaker 1: lost a bit of ground. Higher oil prices helped the

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Speaker 1: energy company's Woodside Santos Beach Energy all climbing today. Tough

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Speaker 1: day though for the healthcare stocks. Some of the retailers

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Speaker 1: struggled to Meyer's bad run continued and Premier investments that

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Speaker 1: rose early in the day then closed zero point two

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Speaker 1: percent lower on a drop in profit, and claims as

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Speaker 1: well by Premiers founder Solomon Loeu that an internal investigation

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Speaker 1: into its Smiggle stationery chain had allegedly uncovered a culture

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Speaker 1: of serious misconduct ranging from absenteeism, intoxication during work hours,

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Speaker 1: bullying and more. I will have more on that one

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Speaker 1: in tomorrow morning show onto story number two. Now and

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Speaker 1: Liberal MP Andrew Hasey has dismissed speculation yet again that

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Speaker 1: he is preparing a tilt at the party leadership, insisting

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Speaker 1: that he does support Opposition leader Susan Lee. He was

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Speaker 1: speaking on Sydney radio station two GB and said anyone

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Speaker 1: who's speculating otherwise is being mischievous. I'm a team player.

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Speaker 1: He has made several significant interventions on net zero policy,

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Speaker 1: immigration manufacturing that have divided Liberal Some see them as

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Speaker 1: a distraction. Others say though, and I quote he would

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Speaker 1: make a remarkable leader one day. Meanwhile, as the Opposition

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Speaker 1: continues to deal with all of this speculation end well

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Speaker 1: in fighting. The Prime Minister has used his first address

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Speaker 1: to the United Nations General Assembly to recommit Australia to

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Speaker 1: tackling climate change, urging world leaders to embrace clean energy.

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Speaker 1: He also confirmed, though that Australia is going to campaign

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Speaker 1: for a temporary seat on the UN Security Council in

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Speaker 1: twenty twenty nine twenty thirty. That is reviving a goal

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Speaker 1: set a decade ago under Julie Bishop. Story number three,

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Speaker 1: Victoria Police say COVID lockdowns have played a role in

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Speaker 1: fueling a youth crime wave, with children now responsible for

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Speaker 1: nearly half of all aggravated burglaries and more than a

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Speaker 1: quarter of car thefts across the state. New crime data

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Speaker 1: released today shows one and twenty eight repeat youth offenders

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Speaker 1: committed over seven thousand defenses last year, driving an eighteen

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Speaker 1: percent surge in overall incidents. Deputy Camationer Robert Hill says

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Speaker 1: young people had been influenced by gang culture, social media

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Speaker 1: and the disconnection caused by lockdowns. Police have also raised

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Speaker 1: concerns about knife crime, car key thefts, and organized retail

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Speaker 1: crime syndicates, as total offenses rose to more than six

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Speaker 1: hundred and thirty eight thousand that is the highest since

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Speaker 1: records began. Story number four. Today, Quantus CEO Vanessa Hudson

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Speaker 1: has launched the airline's first new airbus, a three twenty

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Speaker 1: one XLR, on the Sydney to Melbourne route, marking the

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Speaker 1: start of a fifteen billion dollar much talked about fleet renewal.

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Speaker 1: The new aircraft replaces the aging Boeing seven three sevens,

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Speaker 1: offering more capacity those extra business class seats, wider cabins,

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Speaker 1: larger overhead storage, but according to some reports, fewer toilets

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Speaker 1: per passenger on long haul flights. Hudson says the upgrade

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Speaker 1: will deliver better outcomes right across the spectrum for customers

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Speaker 1: and for investors as well. The new planes can fly

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Speaker 1: long range regional route Analysts say the move will ease

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Speaker 1: pressure on load factors, with capacity growth outpacing rival Virgin

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Speaker 1: Australia and finally, Story number five. The Secret Service is

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Speaker 1: investigating what US President Donald Trump has called the triple

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Speaker 1: sabotage of his United Nations appearance, after an escalator stopped

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Speaker 1: working while he was on it and he experienced technical

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Speaker 1: difficulties during his speech. We did talk about this yesterday,

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Speaker 1: but it has escalated somewhat. Trump blamed the UN, calling

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Speaker 1: the events sinister. He has demanded arrests. The UN says,

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Speaker 1: though that the escalator incident was triggered by a US

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Speaker 1: delegation videographer and the White House actually ran the teleprompter

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Speaker 1: that stopped midway or before the President even began his speech.

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Speaker 1: The third issue that was raised, which was the sound

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Speaker 1: dropping out during his speech, was actually reported by the

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Speaker 1: First Lady herself. It all comes as the White House

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Speaker 1: has replaced Joe Biden's portrait on a new Presidential Walk

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Speaker 1: of Fame. In instead of a picture of the former president,

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Speaker 1: there is a picture of the automatic pen that Joe

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Speaker 1: Biden and other presidents have used to sign executive orders.

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Speaker 1: Make of that what you will. That's it for the

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Speaker 1: Afternoon Report for Thursday, the twenty fifth of September twenty

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

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Speaker 1: and we'll be back tomorrow morning with the Friday edition

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Speaker 1: of the Fast Fired Business News by Fear and Greed.

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Speaker 1: I'm Michael Thompson. Enjoy your evening.