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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 first to May twenty twenty four.

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Speaker 2: I'm suan Alma.

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Speaker 1: Every afternoon, We've got the five stories that happen today

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Speaker 1: that you need to know about.

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Speaker 2: Story Num. One.

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Speaker 1: The SMPA six two hundred closed down zero point two

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Speaker 1: percent today to seven eight hundred and fifty two points,

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Speaker 1: meaning it held on to most of yesterday's games and

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Speaker 1: remains close to a record level.

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Speaker 2: Among the large caps, the banks were mixed, as with

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Speaker 2: the big miners and the retailers. Energy groups Woodside and

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Speaker 2: Santos were lower so to Goodman Group. Weiss Tech Global

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Speaker 2: was among the better performers. Sorry number two James Hardy's

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Speaker 2: share price tumbled fifteen percent today, the biggest one day,

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Speaker 2: dropping more than a year after it downgraded its profit forecast.

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Speaker 2: High house prices in Australia is curbing demand for the

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Speaker 2: building products group's goods. Volumes in Australia are expected to

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Speaker 2: fall around five percent, but Chief Executive Aaron Erta said

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Speaker 2: there are challenges across Hardy's global operations. The group, which

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Speaker 2: sells wall, clidding and plasterboard products, makes about seventy percent

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Speaker 2: of its profit from North America. With the timing of

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Speaker 2: interest rate cuts in the US being pushed out, earnings

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Speaker 2: will suffer. James Hardy was almost bulletproof to hire interest

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Speaker 2: rates last year because of its position in the US

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Speaker 2: housing sector. However, this year, with rate stable, its share

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Speaker 2: price is trended down and then today's slump it cut

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Speaker 2: about three billion dollars from Hardy's market capitalization. Story number

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Speaker 2: three plenty of corporate news around the place today. Lab

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Speaker 2: testing company als rallied five percent, the best of the

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Speaker 2: top two hundred, after a net profit tumble was in

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Speaker 2: line with expectations. That's when bad news is good news.

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Speaker 2: The slump included the previously announced right down of a

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Speaker 2: European drug testing business. Software group tech one jumped four

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Speaker 2: point six percent, one of its best days in four years,

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Speaker 2: after announcing a sixteen percent jump in profit for the

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Speaker 2: six months the end of March. Technology one makes cloud

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Speaker 2: based enterprise resource planning software, and during the half its

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Speaker 2: signed up a bunch of new customers. Diagnostics group Sonic

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Speaker 2: Healthcare said profits will be lower than forecast this financial

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Speaker 2: year due to inflation in currency headwinds. Its share price

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Speaker 2: fell six percent. Producer Alumina advanced two percent as its

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Speaker 2: acquisition offered by US partner al CoA was amended to

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Speaker 2: allow Citik, which is a luminous second largest shareholder, to

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Speaker 2: receive a small portion of its al Coa's convertible shares

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Speaker 2: to comply with US regulation, and Casino Operate a sky

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Speaker 2: City rally two point six point cent on news it

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Speaker 2: has reached an agreement with New Zealand's government about its

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Speaker 2: non compliance with anti money laundering and countered terrorism financing

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Speaker 2: laws story number four. Both oil and goal prices have

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Speaker 2: come off a bit over the past twenty four hours.

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Speaker 2: Iron ore prices easy to touch, having jumped late last

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Speaker 2: week and over the weekend after Beijing announced plans to

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Speaker 2: help its property sector. The Aussie dollars fetching sixty six

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Speaker 2: and a half US cents. That's down a bit. However,

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Speaker 2: it's been a very good couple of sessions for cryptocurrencies,

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Speaker 2: particularly number two unit Ethereum. It's up nearly twenty percent

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Speaker 2: mid speculation that the US Securities Regulator may approve an

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Speaker 2: ethereum based exchange traded fund. Bitcoin has also risen, its

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Speaker 2: training above seventy one thousand US dollars a unit, close

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Speaker 2: to its record high seventy three thousand US dollars a unit,

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Speaker 2: and finally, story number five, the International Criminal Court has

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Speaker 2: issued arrest warrants against senior Israeli and Hamas officials, including

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Speaker 2: Prime Minister Benjamin Netanyahu, over the conduct of the war

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Speaker 2: in Gaza. The move marks a dramatic escalation of the

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Speaker 2: legal fallout from the war and comes as Israel is

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Speaker 2: under intense international pressure over its seven month assault, which

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Speaker 2: has killed thirty five thousand people according to Palestinian officials,

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Speaker 2: and left the enclave in a humanitarian crisis. The ICC

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Speaker 2: said it had reasonable grounds to believe that Israeli and

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Speaker 2: Hammas vestals bore criminal responsibility for alleged war crimes and

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Speaker 2: crimes against humanity. In the case of the three Hamas leaders,

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Speaker 2: the ICC alleged their responsibility for crimes of extermination and murder,

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Speaker 2: hostage taking, rape, and other acts of sexual violence and

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Speaker 2: torture committed by Hamas. In the case of mister net

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Speaker 2: and Yahoo and another Israeli official, the ICC cited alleged

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Speaker 2: responsibility for using starvation as civilians as a method of

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Speaker 2: warfare after Israel impart a siege on Gaza in the

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Speaker 2: early days of the war.

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Speaker 1: That's it for the afternoon report for Tuesday, the twenty

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Speaker 1: onest of May twenty twenty four. Michael Thompson and I

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Speaker 1: will be back tomorrow morning with the Wednesday edition off

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Speaker 1: Fear and Greed business news.

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Speaker 2: I'm sure Elma enjoy your evening.