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

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Speaker 1: for Monday, the twenty fourth of March twenty twenty five.

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Speaker 1: I'm suan Alma. Every afternoon, We've got the five stories

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Speaker 1: that happened today that you need to know about. Sorry,

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Speaker 1: Number one, the local market closed flat today after tumbling

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Speaker 1: early and then making up ground all day. All things

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Speaker 1: considered pre budget tariff confusion a big deal, it was

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Speaker 1: a pretty good day. Now. That big deal was James

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Speaker 1: Hardy's fourteen billion dollar bid for a US building materials

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Speaker 1: group Azek. Now investors weren't thrilled about it. James Hardy's

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Speaker 1: share price dropped fifteen percent today. By the close, the

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Speaker 1: market finished at seven nine hundred and thirty nine points.

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Speaker 1: The consumer, discretionary stocks and financials all did pretty well,

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Speaker 1: but pretty much every other sector did poorly. That's an

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Speaker 1: Australian Bank and Westpac. We're both up around two percent.

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Speaker 1: Commonwealth Bank finished up nearly one and a half percent.

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Speaker 1: West Farmer's Aristocrat Leisure and fores QW Metals Group also

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Speaker 1: did well. On the other side of the con Woolly's Coal,

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Speaker 1: Sigma Healthcare, Transurb and Weistech Global. They all did fairly poorly.

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Speaker 1: Story number two. Mortgage ensurer Healya's share price tumbled twenty

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Speaker 1: six percent today after warning investors its current contract with

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Speaker 1: Commonwealth Bank may not run beyond December thirty one, as

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Speaker 1: the banking giant commences negotiations with an alternate mortgage insurer.

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Speaker 1: It would be a massive contract for Helia to lose,

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Speaker 1: given the Comonwealth Bank is the country's largest home lender

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Speaker 1: and supplies about fifty three percent of Helia's business. In essence,

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Speaker 1: it's a case of the company relying way too much

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Speaker 1: on just one provider. Story number three Mineral Resources share

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Speaker 1: price jumped seven percent today after reopening its Onslo Iron

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Speaker 1: Hall Road. It was closed after a sixth truck crash

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Speaker 1: on the roadway last week. Now this is the road

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Speaker 1: that takes triple load trucks of iron or incredible vehicles

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Speaker 1: old miss they keep crashing. In its last results, Minrez

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Speaker 1: said that it would spend tens of millions of dollars

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Speaker 1: upgrading the track, which goes to its three billion dollar

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Speaker 1: Onslow project. Minrest's share price is down sixty five percent

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Speaker 1: in the last year. Story number four Sidla Milk's making

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Speaker 1: money again, reporting a profit for the past six months,

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Speaker 1: but investors aren't impressed, pushing its share price down twelve percent.

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Speaker 1: The New Zealand dairy processor has searched this year. Even

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Speaker 1: after today's slump, its share price is more than doubled.

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Speaker 1: Very interesting company. It services about two hundred and twenty

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Speaker 1: milk supplies dairy farmers basically in New Zealand. Acting chief

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Speaker 1: executive Tim Carter said the result was delivered through a

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Speaker 1: focus on getting the fundamentals of our operational performance right,

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Speaker 1: seizing opportunities to deliver for customers, and continued cost control.

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Speaker 1: Maybe at least they're making money, but investors weren't real happy.

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Speaker 1: And story number five. New Canadian Prime Minister Mark Carney

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Speaker 1: has called a snap election for April twenty eight, saying

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Speaker 1: he needs a strong mandate to deal with the threat

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Speaker 1: posed by US President Donald Trump, who wants to break

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Speaker 1: us up so America can own us. Although the next

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Speaker 1: selection isn't due until October twenty, Carney is hoping to

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Speaker 1: capitalize on a remarkable recovery by his Liberal party in

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Speaker 1: the polls since January, when Trump again threatening Canada and

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Speaker 1: former Prime Minister Justin Trudeau announced his resignation upon being

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Speaker 1: sworn in as Prime Minister on March fourteen, Carney said

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Speaker 1: he could work with and respected Donald Trump. On Sunday,

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Speaker 1: he took a more combative approach. According to AP and

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Speaker 1: I quote, we are facing the most significant crisis of

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Speaker 1: our lifetimes because of President Trump's unjustified trade actions and

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Speaker 1: his threats to our sovereignty. Our response must be to

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Speaker 1: build a strong economy in a more secure Canada. President

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Speaker 1: Trump claims that Canada isn't a real country. He wants

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Speaker 1: to break us up. He wants to break us so

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Speaker 1: America can own us. We will not let that happen.

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Speaker 1: That's it for the afternoon Report for Monday, the twenty

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Speaker 1: fourth of March twenty twenty five. Make sure hit follow

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Speaker 1: on the podcast. We will be back tomorrow morning with

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Speaker 1: the Tuesday edition of Fear and Greed Business News. I'm

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Speaker 1: Sean Elmer. Enjoy revening