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Speaker 1: It's Friday, the thirty first of January twenty twenty five.

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Speaker 1: Welcome to the Fast five Business News by Fear and Agreed,

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Speaker 1: where we give you the top five business stories you

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Speaker 1: need to know in just five minutes by Michael Thompson

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Speaker 1: and Good morning Sean Aylmer. Good morning Michael, Sean. Five

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Speaker 1: stories in five minutes. How about story number one? In

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Speaker 1: The Australian share market hit a record high yesterday, with

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Speaker 1: investors buoyed by hopes of interest rate cuts next month.

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Speaker 1: All our lunchtime yesterday, the SNPA s X two hundred

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Speaker 1: hit eighty five hundred and fifteen point one points before

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Speaker 1: closing up half a percent to just under eighty five

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Speaker 1: hundred points. That's the past the highs of December last year.

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Speaker 1: It's been a very strong start of the year. Now

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Speaker 1: January is almost over, but the market is up more

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Speaker 1: than four percent in twenty twenty five. Imagine if you

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Speaker 1: did that every month, forty eight percent for the year.

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Speaker 1: We'd like that again.

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Speaker 2: The banks are leading the way Commonwealth Bank Westpac up

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Speaker 2: nearly five percent this year and Abinein's at eight percent,

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Speaker 2: a bit like last year. The Goal company is doing

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Speaker 2: really well. Northern Stars up nearly ten percent so far

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Speaker 2: in twenty twenty five. This time around, though, we also

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Speaker 2: have consumer discretionary companies. They're basically businesses that do well

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Speaker 2: when the economic cycle improves. They've done really well. Where's

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Speaker 2: Farmers an Aristocrat up eight percent, JB High five nine percent,

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Speaker 2: Harvey Norman twelve percent. Few helpers there, Fortes, Q Medals

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Speaker 2: groups up fifty five percent on the back of higher

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Speaker 2: iron ore prices. They BHP in real flat. Goodman was

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Speaker 2: having a great year until the past couple of days.

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Speaker 2: CSL and Telstra are lower, while Macquarie banks flat.

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Speaker 1: What's driving their eye, Sean, is it all interest rate hopes?

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Speaker 2: It's mostly The general boost is from the prospect of

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Speaker 2: a rate cut in the middle of next month following

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Speaker 2: the benign inflation figures that were released on Wednesday. Or

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Speaker 2: four major banks are now predicting our rate cut. There's

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Speaker 2: also been boost from Donald Trump. Really, everyone's focusing on

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Speaker 2: the good stuff, lower corporate tax rates, not so much

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Speaker 2: the other stuff. Consumer discretionary companies we just mentioned them.

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Speaker 2: They're doing particular well. The consumer staples, woolies and coals.

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Speaker 2: They're the big ones. They shouldn't do so well in

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Speaker 2: this interestrate and environment, and they're not to wrap it

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Speaker 2: up though. We've got earning season coming up, so it'll

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Speaker 2: be a real test to see whether some of these

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Speaker 2: companies can stay at these levels when they're releasing profits.

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Speaker 1: Okay, moving on to sorry number two now and Prime

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Speaker 1: Minister Anthony Alberanezi has classified the incident this week whereby

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Speaker 1: explosives and a list of Jewish sites were found in

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Speaker 1: a caravan in northwestern Sydney, as terrorism.

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Speaker 2: The Prime Minister held a National Security Committee meeting yesterday

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Speaker 2: morning but wouldn't comment on the operation involving the caravan,

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Speaker 2: while police haven't designated it as terrorism. The Prime Minister

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Speaker 2: in New South Wales, Premier Chris Means have called that

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Speaker 2: a man is in custody involving the find. Notwithstanding the discovery,

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Speaker 2: Azo said the national terrorism threat will remain probable for

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Speaker 2: the immediate future. The Prime Minister condemned the recent state

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Speaker 2: of anti Semitic hate crime. Erbetrators should be hunted down

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Speaker 2: and locked up, he said. Opposition leader Peter Dutton accused

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Speaker 2: Anthony Albanezi of ignoring a rise in anti semitism, saying

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Speaker 2: that the situation has escalated.

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Speaker 1: Story Number three, The cost of generating electricity across Australia's

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Speaker 1: grid over the final three months of last year. How

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Speaker 1: about this rose more than eighty percent sean amid very

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Speaker 1: high demand and an all time low availability of coal power.

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Speaker 2: That's according to the regulator, the Australian Energy Market Operator.

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Speaker 2: Now that doesn't immediately flows through to retail prices, but

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Speaker 2: it will put pressure on household and business bills where

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Speaker 2: they really spiked. We're in New South Wales. Two of

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Speaker 2: that state's largest coal generators experienced prolonged issues in the

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Speaker 2: final three months of last year, including outages. The price

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Speaker 2: went to one hundred and forty three dollars per megawatt hour.

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Speaker 2: That's huge. Queensland was about one hundred and twenty seven,

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Speaker 2: Victoria was just forty five. Certainly will feed through to

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Speaker 2: pressure on prices for the rest of US.

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Speaker 1: Story Number four. President Donald Trump says, here's ordering the

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Speaker 1: construction of a massive detention camp with thirty thousand beds

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Speaker 1: at the Guntanamo Bay Naval Base in Cuba, which would

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Speaker 1: be the largest US facility of its kind.

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Speaker 2: He made the comment ahead of signing a bill to

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Speaker 2: expand the number of immigrant detainees held in US custody

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Speaker 2: for minor property crimes. Mister Trump said the camp would

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Speaker 2: detain the worst criminal illegal aliens threatening the American people.

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Speaker 2: He went on to say, we don't even trust other

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Speaker 2: countries to hold them, and we don't want them coming back,

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Speaker 2: so we're going to send them out to Guantanamo. This

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Speaker 2: will double our capacity immediately. Now, the largest facilities in

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Speaker 2: the US network currently have around two thousand beds. We're

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Speaker 2: talking thirty thousand here, So Guntnamo Military site will dwarf

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Speaker 2: any other location.

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Speaker 1: Final story sean story number five, and this is an

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Speaker 1: absolutely tragic situation. A passenger jet with sixty four people

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Speaker 1: aboard collided with an army helicopter while landing at the

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Speaker 1: main airport near Washington, DC, triggering a large search and

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Speaker 1: rescue operation in the nearby Potomac River.

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Speaker 2: American Airlines confirmed that sixty passengers and four crew members

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Speaker 2: were on the flight. Three soldiers were aboard the helicopter.

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Speaker 2: US official said multiple bodies have now been pulled from

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Speaker 2: the water. The mid air crash occurred around nine pm

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Speaker 2: Eastern Standard time in the US yesterday afternoon our time,

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Speaker 2: when a regional jet that had departed from Wichita, Kansas,

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Speaker 2: collided with the military black Hawk helicopter while I approached

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Speaker 2: to an airport runway. It occurred in some of the

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Speaker 2: most tightly controlled and monitored airspace in the world, just

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Speaker 2: over three miles south of the White House in the Capitol.

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Speaker 1: All right, there we go to the top five business

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Speaker 1: stories in five minutes. Thank you very much, Sean, Thank you, Michael.

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Speaker 1: It's Friday, the thirty first of January twenty twenty five,

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Speaker 1: remembered hit follow on the podcast and five minutes isn't

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Speaker 1: long enough for you. You can find our longer daily

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Speaker 1: show called Fear and Greed wherever you listen to podcasts.

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Speaker 1: I'm Michael Thompson and that was the fast five business

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Speaker 1: news by Fear and Greed. Have a great day.