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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 first of April twenty twenty six. I'm

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

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Speaker 1: that happened today that you need to know about. Let's

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Speaker 1: go with story number one. The S and PA SX

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Speaker 1: two hundred rebounded very sharply today, jumping two point two

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Speaker 1: percent to eighty six hundred and seventy two points. That

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Speaker 1: is the strongest day for the BOSS in a year

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Speaker 1: since last April, and saw ten of the eleven sectors

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Speaker 1: gain ground on optimism that the conflict in Iran may

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Speaker 1: be nearing an end. The rally added about sixty eight

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Speaker 1: billion dollars in value to the market. It was miners

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Speaker 1: who led the rebound. Gold briefly topped four thousand, seven

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Speaker 1: hundred US dollars an ounce. Gold miner Neumont surged four

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Speaker 1: and a half percent, great Land Resources nearly fifteen percent,

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Speaker 1: Pentoro gold more than ten percent. BHP was also up

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Speaker 1: it climbed more than four percent. The uranium stocks had

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Speaker 1: a good day. They rallied. Paladin was up nearly seven percent,

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Speaker 1: Deep Yellow more than nine percent. The textocs, though did

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Speaker 1: well as well today, so to the banks. Commonwealth Bank

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Speaker 1: was up two and a half percent, NAB, Westpac A

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Speaker 1: and ZED We're all up more than one percent on

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Speaker 1: de Story number two. Now and Prime Minister Anthony Abernezi

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Speaker 1: will deliver a rare televised address to the nation tonight,

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Speaker 1: reportedly aimed at reassuring Australians about fuel supplies ahead of

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Speaker 1: the easter break. According to media reports, the government says

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Speaker 1: the speech will focus on calming concerns and encouraging households

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Speaker 1: to voluntarily save fuel for areas and industries that need it,

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Speaker 1: rather than announcing any major new measures. Speculation about fuel

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Speaker 1: rationing has been ruled out for now, with official stressing

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Speaker 1: supply remained stable despite panic buying an increased demand from industry,

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Speaker 1: although there is talk there may be need for restrictions

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Speaker 1: sometime after easter. It is the first time that a

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Speaker 1: Prime minister has addressed the nation on all TV channels

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Speaker 1: and radio networks since Scott Morrison did a week before

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Speaker 1: the first pandemic lockdowns in twenty twenty. Story number three.

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Speaker 1: Speaking of national addresses, US President Donald Trump will address

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Speaker 1: his country tomorrow morning our time with what's described as

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Speaker 1: an important update on Iran. It comes after he said

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Speaker 1: the US could end its military campaign against Iran within

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Speaker 1: two to three weeks, even without a formal deal. Trump

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Speaker 1: said the objective was to neutralize Iran's nuclear capability, suggesting

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Speaker 1: once that goal is achieved, US forces could withdraw even

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Speaker 1: if there's no diplomatic solution in place and no outcome

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Speaker 1: to the block straight of hermus On. At the same time,

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Speaker 1: the President has ramped up pressure on allies, telling countries

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Speaker 1: that have not supported the US effort to go get

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Speaker 1: your own oil. Story Number four. Australia's biggest car dealership company,

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Speaker 1: Eager's Automotive jumps nearly ten percent today after entering into

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Speaker 1: agreements to acquire two Oudy dealers in Melbourne along with

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Speaker 1: a forty nine percent interest in Grand Motors Group. The

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Speaker 1: deal with Grand Motors means that it'll gain an interest

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Speaker 1: in a bunch of dealerships on the Gold Coast, in

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Speaker 1: Queensland and also in Sydney. Egers also said that the

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Speaker 1: completion of the Canada one Auto deal was now expected

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Speaker 1: in the second quarter. Eagers bought sixty five percent of

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Speaker 1: that business last October for a billion dollars. Eagers share

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Speaker 1: price peaked in October last year close to thirty five

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Speaker 1: dollars a share, then tumbled to last month to about

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Speaker 1: twenty dollars, but in less than three weeks it's up

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Speaker 1: twenty percent, including the jump yesterday. The group has about

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Speaker 1: a fourteen percent share of the new vehicle market, selling

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Speaker 1: brands including Toyota, Ford, Hyunda, BMW and China's BYD and finally,

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Speaker 1: Story Number five something a little bit lighter to end

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Speaker 1: the day. It is, of course, April Fool's Day, and

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Speaker 1: it's good to see plenty of companies have gotten into

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Speaker 1: the spirit of it with fake product launches and announcements.

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Speaker 1: Galore Bunnings teamed up with Veggimite to launch a giant

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Speaker 1: ten liters tub of the Spread, complete with a paint

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Speaker 1: roller for application as long as it's nice and the

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Speaker 1: light though. Another good one was from Australia Post It

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Speaker 1: advertised roles for passenger princesses riding alongside delivery drivers. A

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Speaker 1: passenger princess it's an affectionate term for someone who prefers

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Speaker 1: to be driven around rather than get behind the wheel themselves.

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Speaker 1: Now Burger Chain Grilled promoted a Burger themed massage service

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Speaker 1: using sauce inspired oils. Ugboots announced a clip on umbrella

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Speaker 1: to keep your boots dry. Cat food brand Whiskers announced

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Speaker 1: a fashion line called cat Air Cat Hair with the

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Speaker 1: tagline It's already what you Wear. And then trucking company

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Speaker 1: Scanner announced delivery drones that use AI to map delivery roots,

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Speaker 1: which honestly doesn't sound that far fetched, except the project's

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Speaker 1: name is drop Bear. And that's it for the Afternoon

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Speaker 1: Report for Wednesday, the first of April. Make sure you're

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Speaker 1: following the podcast and head along to Fear and Greed

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Speaker 1: dot comvert a you to sign up for our free

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