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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 tenth of April.

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Speaker 2: Twenty twenty five. I'm Sean Alma.

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Speaker 1: Every afternoon, we've got the five stories that happened today

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Speaker 1: that you need to know about astroliumer one. It's been

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Speaker 1: a crazy twenty four hoursand markets with US President Donald

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Speaker 1: Trump this morning backflipping on tariff's instituting a ninety day

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Speaker 1: pause for all countries except China. Tariffs on Chinese goods

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Speaker 1: coming to the US will be hit by a one

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Speaker 1: hundred and twenty five percent tariff. The result of the

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Speaker 1: early morning announcement Australian time was a surge in global

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Speaker 1: equity markets, with the S and P ASX two hundred

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Speaker 1: finishing up four and a half percent to seven seven

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Speaker 1: hundred and ten points. Every stock on the ASX two

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Speaker 1: hundred ended higher today, led by the tech companies, big

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Speaker 1: miners in energy groups. Australia actually underperformed Wall Street. The

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Speaker 1: S and P five hundred closed this morning up nine

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Speaker 1: and a half percent. The tech heavy Nasdaq was up percent.

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Speaker 1: What an incredible day. Story Number two in corporate news.

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Speaker 1: Cubes share price jumped after the competition watchdog, the Australian

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Speaker 1: Competition and Consumer Commission, approved its acquisition of a Melbourne

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Speaker 1: car import terminal and Izzy Broadband rose after announcing plans

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Speaker 1: to expand its maibile phone business, having signed a new

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Speaker 1: agreement with Optis to keep using its networks.

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Speaker 2: Story number three. Private equity owned Healthscope wants to discuss

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Speaker 2: handing back the keys to the Northern Beaches Hospital in

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Speaker 2: Sydney after a litany of problems have emerged since opening

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Speaker 2: in twenty eighteen. The hospital currently operates as a public

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Speaker 2: private partnership with the New South Wales government. It's set

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Speaker 2: to run for a few years yet, but essentially it's failed.

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Speaker 2: In a statement, Healthscope acknowledged that Northern Beaches Hospital continues

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Speaker 2: to operate as a PPP, however that's no longer compatible

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Speaker 2: with the government's objectives. As a result, it wants to

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Speaker 2: return it to New South Wales Health. Healthscope runs thirty

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Speaker 2: eight private hospitals nationally its fight for survival as it

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Speaker 2: struggles with one point six billion dollars in debt. Straight

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Speaker 2: number four. Outspoken Santos chief executive Kevin Gallagher says he

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Speaker 2: isn't stepping down after nine years in the role and

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Speaker 2: has had a crack at politicians handling of the energy transition.

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Speaker 2: A six million dollar growth incentive has tied Galaher to

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Speaker 2: Santos for the past several years. That lapses at the

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Speaker 2: end of this year. That's prompted calls from proxy advisors,

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Speaker 2: investors and analysts for more information on succession. Galaher told

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Speaker 2: the Earl and Gas Companies AGM today that he isn't

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Speaker 2: going anywhere anytime soon. He also cautioned whichever side wins

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Speaker 2: power in the May three federal election to be careful

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Speaker 2: of proposing plans that might lead to instability the nation's

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Speaker 2: energy supply, warning it could lead to higher prices and

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Speaker 2: potentially job losses and sorry number five. A new report

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Speaker 2: warns that the golden era for industrial property has come

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Speaker 2: to an end and rents will fall by as much

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Speaker 2: as eleven percent across the Eastern Seaboard as new warehouses

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Speaker 2: enter the market. That's the prediction of Oxford, Australia, which

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Speaker 2: says developers is due to complete an estimated three and

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Speaker 2: a half million square meters of space this year another

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Speaker 2: two and a half million square meters next year. Industrial

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Speaker 2: property since COVID has been the golden child of the

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Speaker 2: real estate sector. Fulfillment centers for e commerce have resulted

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Speaker 2: in companies like Goodman Group booming, and more recently the

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Speaker 2: boom has been in data centers, which is sort of

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Speaker 2: an offshoot of industrial property that's probably nowadays big enough

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Speaker 2: to have its own category, and the love affair with

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Speaker 2: industrial property has just come off the boil. That's it

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Speaker 2: for the Afternoon Report for Thursday, the tenth of April

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Speaker 2: twenty twenty five. Make sure you hit follow on the podcast.

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Speaker 2: We'll be back tomorrow morning with the Friday edition. The

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Speaker 2: past five business years by Fear and Greed. I'm Seane Elmer.

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Speaker 2: Enjoy your reason