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

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Speaker 1: Report for Monday, the sixteenth September twenty twenty four. I'm

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Speaker 1: Sean Elmer. 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 SMPAX two hundred closed up zero point three percent

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Speaker 1: today to eight thousand and one hundred and twenty two points.

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Speaker 1: Westpac led the banks, jumping two percent, taking its twelve

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Speaker 1: month rise to over fifty percent. National Australian Bank and

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Speaker 1: the Commonwealth also did well. Woolly's Ria, Brambles and Some

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Speaker 1: Corp did pretty well. Not so good with the big

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Speaker 1: miners Woodside and CSL. Plenty of corporate news around. Mining

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Speaker 1: company Alcoa's share price jumped to five and a half percent,

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Speaker 1: the best of the ASEX two hundred today, after announcing

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Speaker 1: plans to sell its twenty five point one percent steak

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Speaker 1: in its Madden joint venture to its partner, the Saudi

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Speaker 1: Arabian Mining Company, for about one point six billion dollars.

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Speaker 1: Defense shipbuilder Ostel surged twenty percent after winning a four

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Speaker 1: hundred and fifty million un US dollar contract with General

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Speaker 1: Dynamics Electric Boat to expand production capacity in Alabama twenty percent.

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Speaker 1: It's not a top two hundred company. That's why it

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Speaker 1: wasn't the best of the top two hundred. Property Group

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Speaker 1: lend least rally two percent on news it had completed

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Speaker 1: the sale of its US East Coast Construction Operations. Mineral

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Speaker 1: Resources released a bullish estimate of possible gas resources in

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Speaker 1: its Lockier gas project in Western Australia's Perth Basin. Its

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Speaker 1: share price was flat. Online retailer set I dropped sharply

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Speaker 1: on reports at Washington is considering reducing duty free thresholds

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Speaker 1: and Auckland Ins National Airport will raise one point three

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Speaker 1: billion Aussie from shareholders to kickstart major upgrades. Story number two.

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Speaker 1: BHP had a bit to say on coppy today, a

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Speaker 1: commodity considered a bill weather for the economy. CFO Van

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Speaker 1: Deta Pant told The Financial Times that the growth of

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Speaker 1: artificial intelligence will exacerbate a looming shortage of copper. The

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Speaker 1: rise of data centers in AI, which requires more energy

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Speaker 1: intensive computing, could boost global copper demand by three point

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Speaker 1: four million tons a year by twenty fifty. Centers are

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Speaker 1: less than one percent of copper demand currently, but she

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Speaker 1: said that's more likely to be six or seven percent

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Speaker 1: by twenty fifty. Meanwhile, oil prices are creeping higher, as

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Speaker 1: is the Audisi dollar, which is now trading at sixty

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Speaker 1: seven point three US cents straight number three. Precious medals

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Speaker 1: are having a great time of it, with gold hitting

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Speaker 1: a new record today just under two thousand and five

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Speaker 1: hundred and ninety US dollars an ounce. Silver jumped ten

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Speaker 1: percent last week to about thirty US dollars an ounce,

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Speaker 1: both up twenty five percent this year, adding the possibility

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Speaker 1: of a fifty bases point cut in the benchmark interest

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Speaker 1: rates in the US this week when the Federal Reserve

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Speaker 1: Board meets and gold and silver are well and truly

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Speaker 1: on the run. Now, when you invest in gold, you

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Speaker 1: don't get a regular return like a coupon payment. What

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Speaker 1: you get is safety. So when interest rates look like falling,

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Speaker 1: as they do in the US, gold becomes relatively more attractive,

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Speaker 1: as in you're not losing out as much by not

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Speaker 1: investing in bonds. On the local AX gold leader, Northern

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Speaker 1: Star Resources share price is up nearly twenty five percent

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Speaker 1: since early July, while Evolution Mining is up almost one

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Speaker 1: third on the local stocks to benefit have been West

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Speaker 1: African Resources and Emerald Resources straight um before. There was

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Speaker 1: more data breaches in the first six months of twenty

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Speaker 1: twenty four than any time over the past three years,

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Speaker 1: with health service providers most affected, followed by the Australian government.

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Speaker 1: From January to June this year, the Australian Information Commission

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Speaker 1: received five hundred and twenty seven data breach notifications, an

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Speaker 1: increase of nine percent compared to the previous six months.

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Speaker 1: Cybersecurity incidents contributed thirty eight percent of the title, while

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Speaker 1: malicious or criminal attacks accounted for about two thirds. Worryingly,

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Speaker 1: another thirty percent reflects human error and only three percent

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Speaker 1: was system fault. The majority sixty three percent of data

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Speaker 1: breaches affected one hundred people or fewer, though one incident

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Speaker 1: affected millions. Apart from health in the federal government, finance,

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Speaker 1: education and retail organizations are among them groups that notified

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Speaker 1: most data breaches and story number five. Donald Trump was

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Speaker 1: the target of what the FBI said appears to be

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Speaker 1: an attempted assassination at his golf club in Florida this

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Speaker 1: morning Australian time. It came nine weeks after the Republican

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Speaker 1: presidential nominee survived another attempt on his life. Trump said

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Speaker 1: he was safe and well, and authorities held a man

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Speaker 1: in custody. US Secret Service agents stationed a few holes

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Speaker 1: up from where Trump was playing, noticed the muzzle of

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Speaker 1: an AK style rifle sticking through the shrubbery that lines

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Speaker 1: the course roughly three hundred and sixty five meters away.

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Speaker 1: An agent fired and the gunman dropped the rifle and

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Speaker 1: fled in an suv, leaving the gun behind along with

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Speaker 1: two backpacks escape used for aiming, and a go pro camera.

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Speaker 1: The man was later stopped by law enforcement in a

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Speaker 1: neighbouring county. The suspect was fifty eight year old Ryan

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Speaker 1: Wesley Ruth, who apparently had previously tried to recruit Afghan

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Speaker 1: soldiers fleeing the Taliban to fight in Ukraine. Both President

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Speaker 1: Joe Biden and Vice President Kamla Harris were on the matter,

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Speaker 1: and in a statement, Missus Harris said that violence has

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Speaker 1: no place in America, saying she was deeply disturbed by

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Speaker 1: what happened. That's it for the Afternoon Report for Monday,

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Speaker 1: the sixteenth of September twenty twenty four. Don't forget to

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Speaker 1: follow on the podcast and Fine Fear and Greed on LinkedIn, Instagram,

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Speaker 1: x TikTok, and Facebook. Join Michael Thompson and I tomorrow

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Speaker 1: morning for the Fast Five by Fear and Greed, the

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Speaker 1: top five business stories you need to know in just

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Speaker 1: five minutes. I'm Sean Elma. Enjoy your eating it