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

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Speaker 1: for Wednesday, the fifteenth of January twenty twenty five. I'm

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Speaker 1: suan Alma. 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: Telstra will spend seven hundred million dollars rolling out artificial

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Speaker 1: intelligence across its entire business. In fact, it's one of

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Speaker 1: the biggest deployments by an Australian corporate ever. They're doing

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Speaker 1: it in a joint venture with consulting group Eccentia. The

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Speaker 1: goal is to transform how the big telco interacts with

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Speaker 1: customers and operates its network. It could result in staff

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Speaker 1: losses now. The Financial Review reported the story this morning.

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Speaker 1: Though there was no official announcement from Telstra, it did

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Speaker 1: hit its share price. It dropped more than one percent today. Sorry.

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Speaker 1: Number two. Among the best performers on the share market

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Speaker 1: today was home builder av Jennings, which closed up eight

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Speaker 1: percent after it received a new takeover proposal from the

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Speaker 1: Singaporean group ho b Land offered three hundred and ninety

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Speaker 1: one million dollars for av Jennings. That's about seventy cents

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Speaker 1: a share. It already has about five point four percent

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Speaker 1: of the company now. American GROUPP Proprium Capital Partners offered

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Speaker 1: sixty seven cents the share three hundred and seventy four

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Speaker 1: million dollars back in November. The company's now training at

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Speaker 1: sixty nine cents per share. That's what it closed out today,

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Speaker 1: double what it was since that first bid. It is

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Speaker 1: definitely in play. Story number three. Not a lot going

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Speaker 1: on in the local share market at the moment. We're

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Speaker 1: still having that post Christmas hangover. Iron All stocks are

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Speaker 1: doing okay, helped by a two week high in the

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Speaker 1: price of iron ore. It's now training back above one

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Speaker 1: hundred US dollars eight ton. The banks were mixed today.

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Speaker 1: Property companies continued to outperform. The telco and tech stocks

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Speaker 1: weren't so good. One interesting stop was Weisstech Global. It

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Speaker 1: lost another near four percent today, closing in one hundred

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Speaker 1: and fifteen dollars a share. That's it's the lowest since

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Speaker 1: October twenty eight. Not really clear who's selling, but plenty

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Speaker 1: of speculation it might actually be Richard White, the CEO

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Speaker 1: by the closed y SMPA six two hundred was zero

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Speaker 1: point two percent higher at eight two hundred and thirteen points.

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Speaker 1: Story Number four what's the state news around at the moment?

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Speaker 1: Led by the chaos across the Sydney train system network

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Speaker 1: today after a bunch of workers went on stroke. They're

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Speaker 1: basically striking overpaid. Involves the Electrical Trades Union and the Rail,

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Speaker 1: Tram and Bus Union. Eight and ten services were delayed

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Speaker 1: or canceled in the Ampkal in that city today. They

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Speaker 1: expect about a one thousand trains to be delayed or

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Speaker 1: canceled for the twenty four hour period. Fewer trains, larger crowds.

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Speaker 1: Use some replacement buses, but you need twenty buses for

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Speaker 1: one train, so that doesn't work so good. The new

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Speaker 1: South Wales government said it's exploring legal options to end action.

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Speaker 1: And then in Queensland, an audit into the health system

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Speaker 1: says it's an urgent need of reform after years for

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Speaker 1: breakdowns across infrastructure, cybersecurity and patient care. The Queensland Ordered

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Speaker 1: Office said it's facing mounting costs, worsting wait times and

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Speaker 1: there's an underwhelming performance on preventable hospital admissions. And finally,

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Speaker 1: sorry Number five. South Korea's president has been arrested after

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Speaker 1: a standoff with police. President yunsakiol was arrested this morning

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Speaker 1: following a pre dawn raid by police and investigators on

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Speaker 1: his fortified hilltop compound. According to The Financial Times, UN's

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Speaker 1: detention folliday six hour standoff between law enforcement officials and

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Speaker 1: members of the president's security detail. It's the first time

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Speaker 1: in South Korea's history that a sitting president has been arrested.

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Speaker 1: The president failed in his attempt to impose martial law

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Speaker 1: last month that trigger a slumping confidence. He was suspended

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Speaker 1: from duties. He was then impeached by parliament in December

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Speaker 1: following that attempt to impose martial law, and the arrest

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Speaker 1: came this morning. That's it for the afternoon report for Wednesday,

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Speaker 1: the fifteenth of December 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 the Thursday edition of Fearing Business Studios. I'm shan

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Speaker 1: el One. Enjoy reading