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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 third of February twenty twenty six. 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: The Reserve Bank lifted the official cash rate by zero

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Speaker 1: point twenty five percentage points this afternoon, sending the Aussie

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Speaker 1: dollar back above seventy US cents but putting downward pressure

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Speaker 1: on equity markets. The Central Bank cited higher than expected

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Speaker 1: inflation in the past six months as the reason for

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Speaker 1: the rate rise. By the closed the SMPA six two

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Speaker 1: hundred had regained most of its mojo. It finished up

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Speaker 1: zero point nine percent to eight hundred and fifty seven points.

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Speaker 1: Techtoks led the way, buoyed by last night's training on

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Speaker 1: Wall Street. The miners also did well after a rebound

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Speaker 1: in the price of gold and silver, and rare earths.

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Speaker 1: Somewhat conversely or perversely whichever one you want. Interest rate

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Speaker 1: sensitive sectors consumer discretionary, and real estate also outperformed. Given

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Speaker 1: rays for rising that's something of a surprise. Among the

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Speaker 1: large caps, the best performer included more Quarry Goodman Rio,

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Speaker 1: Komwealth Bank and CSL Story number two. The Federal Nationals

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Speaker 1: took their seats on the cross benches today as Parliament

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Speaker 1: resumed with the coalition party still at odds or the

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Speaker 1: coalition parties still at odds over whether to reunite. The

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Speaker 1: House of Reps today had a very full cross bench,

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Speaker 1: with the Nats, the turls and other independents all crowded together.

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Speaker 1: Question time was dominated by the interest rate decision and

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Speaker 1: Labour's management of the economy. Story number three. Quantus and

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Speaker 1: Japan Airlines have agreed to transition jet Star Japan to

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Speaker 1: a new Japanese led ownership structure, opening the way for

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Speaker 1: Quantas to exit its minority stake. Subject to a final

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Speaker 1: agreement and regulatory approvals, Quantus will divest its thirty three

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Speaker 1: point three percent holding in Jetstar Japan by the middle

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Speaker 1: of next year. Quantus said the transactional position jet Star

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Speaker 1: Japan for its next phase of growth in the local market,

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Speaker 1: our the Japanese market, while allowing Quantis to focus on

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Speaker 1: capital investment in its main brand. Quantus and Jetstar both

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Speaker 1: domestically and internationally. Story number four in Corporate News, Neurin

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Speaker 1: Pharmaceuticals fell sharply today after its licensee Akadia Pharmaceuticals received

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Speaker 1: what's known as a negative trend vote from European regulators

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Speaker 1: on its marketing authorization application to treat rett syndrome. NRW

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Speaker 1: Holdings jumped after winning three new civil contracts worth a

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Speaker 1: combined two hundred and seventy million dollars, strengthening its pipeline

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Speaker 1: in Western Australia, and the Pilbro and Telix Pharmaceuticals was

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Speaker 1: lower after chairwoman Tiffany Olson resigned just eight months into

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Speaker 1: the role. Oh there was also Credit Corps at share

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Speaker 1: price tumbled after the group said it was on track

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Speaker 1: to deliver full yun net profit growth somewhere between six

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Speaker 1: and seventeen percent, which is quite a range. That's after

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Speaker 1: posting first half profit about in line with last year.

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Speaker 1: And story number five, Bill and Hillary Clinton have agreed

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Speaker 1: to testify in the House Oversight Committee's investigation into convicted

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Speaker 1: sex offender Jeffrey Epstein, capitulating to the demands of the

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Speaker 1: panel's Republican chair days before the House was set to

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Speaker 1: vote to hold the couple in criminal contempt of Congress.

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Speaker 1: Four months the Clintons were adamant that they would not

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Speaker 1: comply with subpoenas that they described as invalid and legally unenforceable.

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Speaker 1: They accused the head of the committee of being part

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Speaker 1: of a plot to target them as US President Donald

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Speaker 1: Trump's political adversaries, and promised to fight him on the

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Speaker 1: issue for as long as it took. But after some

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Speaker 1: Democrats on the panel joined Republicans in a vote to

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Speaker 1: recommend charging them with criminal contempt, an extraordinary first step

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Speaker 1: in referring them to the Department of Justice for prosecution,

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Speaker 1: the Clintons effectively waved the white flag at greed to

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Speaker 1: fully comply with the demands. That's all, according to The

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Speaker 1: New York Times, that'll be an interesting one to watch

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Speaker 1: exactly what Bill Clinton knew about Jeffrey Epstein. That's It's

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Speaker 1: the Afternoon Report for Tuesday, the third of February twenty

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Speaker 1: twenty six. Make sure you're following the podcast and head

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Speaker 1: along the Fear and Greed dot Com. Today you to

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Speaker 1: sign up for our three daily newsletter. I'm Sean Elmer

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Speaker 1: and Joey read interests