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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 thirtieth of September twenty twenty five. Are

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Speaker 1: Michael Thompson and every afternoon we've got the five stories

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Speaker 1: that happen today that you need to know about. Let's

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Speaker 1: get cracking with story number one. The Reserve Bank has

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Speaker 1: kept the cash rate steady at three point six percent today,

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Speaker 1: but it has warned that inflation looks set to come

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Speaker 1: in hotter than it expected back in August. The Board

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Speaker 1: said the decline in underlying inflation has slowed and early

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Speaker 1: reads point to a higher September quarter, potentially zero point

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Speaker 1: nine to one percent for the quarter versus its zero

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Speaker 1: point six percent forecast. Markets now see the November meeting

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Speaker 1: really as a coin toss for any move, with many

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Speaker 1: economists betting the next change won't actually come until February.

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Speaker 1: Story number two is all about markets. Then, the rate

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Speaker 1: decision was largely as expected, so it didn't have a

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Speaker 1: huge impact on markets, but there was a bit still

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Speaker 1: going on. The S and PA Sex two two hundred

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Speaker 1: closed zero point one percent lower today to eight hundred

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Speaker 1: and forty nine points. It was a drop in the

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Speaker 1: price of oil that really pulled the energy sector down.

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Speaker 1: It wasn't the only sector that fell. Nine of eleven

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Speaker 1: sectors finished the day lower. But if we're sick with energy,

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Speaker 1: just for a moment, Oil and gas giants, Woodside, Santos,

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Speaker 1: both of them dropped Caron Energy, Beach Energy all lower.

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Speaker 1: Oil is now trading it under sixty eight US dollars

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Speaker 1: a barrel. There's the potential for a market glut, and

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Speaker 1: there's also the possible end of the war in Gaza

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Speaker 1: that is affecting prices. More on that one in a

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Speaker 1: moment as well. Gold prices sawed today, of course, they

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Speaker 1: seemed to soar every day, and the precious metal hit

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Speaker 1: another record of three thousand, eight hundred and thirty three

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Speaker 1: US dollars an ounce. Romilius Resources, Bellvy, Gold, Capricorn Metals

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Speaker 1: all up around three percent, but the biggest gold miner, Neumont,

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Speaker 1: actually lost more than two percent today. That was more

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Speaker 1: to do with the resignation though of chief executive Tom Palmer,

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Speaker 1: and big news in the world of media, seven West Group,

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Speaker 1: which owns the Seven Network and a whole bunch of

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Speaker 1: newspapers and other assets, proposing a merger with Southern Cross Media.

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Speaker 1: The operator of radio networks including Triple M and HIT.

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Speaker 1: If it goes ahead, billionaire Kerry Stokes says he will

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Speaker 1: step down a seven West chair. A lot still to

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Speaker 1: come on this one. Shares in both companies climbed about

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Speaker 1: seven percent today. Story number three, Star Entertainment has secured

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Speaker 1: yet another waiver from lenders on its four hundred and

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Speaker 1: fifty million dollar debt. Now remember this loan. We've talked

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Speaker 1: about this affair bit on the show previously. This loan

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Speaker 1: has an interest rate of thirteen point five percent. Trading

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Speaker 1: was halted ahead of the announcement today that Star has

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Speaker 1: secured its fifth waiver in a year, keeping the group

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Speaker 1: afloat after repeated breaches of its loan agreement. Shares in

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Speaker 1: the embattled group they have plummeted from three dollars forty

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Speaker 1: two as it's high back in early twenty twenty two,

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Speaker 1: down to eight point nine cents before today's halt, has

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Speaker 1: wiped over three billion dollars from the market cap across

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Speaker 1: that time. The share price did climb slightly once trading

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Speaker 1: resumed today, up to nine cents from eight point nine cents.

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Speaker 1: This is all despite one hundred million dollars in cost

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Speaker 1: carts to proposed three hundred million dollar investment from Bally's

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Speaker 1: out of the US. A deal to sell Brisbane's Queen's

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Speaker 1: Wharf Star is still flagging material uncertainty over its future.

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Speaker 1: Story Number four a big story on the global stage.

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Speaker 1: Israel has agreed to a US proposal to end the

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Speaker 1: war in Gaza, with Benjamin Etniahu and Donald Trump announcing

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Speaker 1: the deal at the White House. The twenty point plan

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Speaker 1: calls for an immediate cease fire, the release of hostages

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Speaker 1: and prisoners on both sides, and the disarmament of Hamas

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Speaker 1: in exchange for humanitarian aid and reconstruction overseen by an

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Speaker 1: international force. A temporary Palestinian governing body would be established,

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Speaker 1: supervised by a Board of Peace led by Trump and

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Speaker 1: former UK Prime Minister Tony Blair. The plan says Israel

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Speaker 1: will not annex Gaza and that vetted Palestinian police will

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Speaker 1: eventually maintain security, but the proposal does depend on Hamas

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Speaker 1: agreeing it has seventy two hours to respond if it refuses.

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Speaker 1: Trump says Israel would have and I quote his full

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Speaker 1: backing to finish the job. Skepticism remains high in Gaza,

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Speaker 1: though mediators Egypt and Katar say Hermas negotiators will review

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Speaker 1: the plan in good faith. Finally, Storry number five one

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Speaker 1: from the entertainment World Now. Nicole Kidman and Keith Urban

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Speaker 1: have reportedly separated after nearly twenty years of marriage. This

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Speaker 1: is according to multiple media outlets, who have reported that

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Speaker 1: the pair have been living apart for months and Urban

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Speaker 1: has secured a separate residence in Nashville. Neither has publicly

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Speaker 1: confirmed the split. The couple were together for Urban's tour

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Speaker 1: launch in August just last month, and mark their anniversary

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Speaker 1: in June on Instagram. Nicole Kidman was recently named astret

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Speaker 1: this fourth most culturally powerful person has maintained a very

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Speaker 1: heavy schedule of film projects. They share two kids, and

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Speaker 1: Kidman has two adult children from her previous marriage to

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Speaker 1: Tom Cruise. That's it for the Afternoon Report for Tuesday,

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Speaker 1: the thirtieth of September twenty twenty five. Make sure you

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Speaker 1: hit follow on the podcast and we'll move back tomorrow

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Speaker 1: morning with the Wednesday edition of the Fast five Business

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Speaker 1: News by Fear and Greed. A'm Michael Thompson. Enjoy your

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Speaker 1: evening