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

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Speaker 1: Report for Thursday, the fourteenth of November twenty twenty four.

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Speaker 1: I'm Sean Aelma. Every afternoon, we've got the five stories

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

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Speaker 1: number one, A rallying technology in bank shares pushed the

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Speaker 1: Aussie share market higher today. The smp ASX two hundred

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Speaker 1: finished up zero point four percent to eighty two hundred

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Speaker 1: and twenty four points. A bit of a holding pattern. Really.

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Speaker 1: Tech stock's doing well. Mine is doing poorly as iron

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Speaker 1: all prices fall. Banks doing a bit of both. Gold

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Speaker 1: miners they keep sliding West African Resources from merely as resources,

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Speaker 1: Northern Star. They are all down sharply. Goodwin Group suffered

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Speaker 1: a thirty four percent first strike against its remuneration report.

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Speaker 1: That's its fifth strike since twenty sixteen. In economic news today,

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Speaker 1: the unemployment rate sayed at four point one percent last

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Speaker 1: month after fifteen nine hundred new jobs were created. That's

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Speaker 1: according to this Join and Bureau Statistics. Story number two.

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Speaker 1: Prime Minister Anthony Abernezi in that Lima, Peru today ahead

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Speaker 1: of the APEC and G twenty summits, saying as much

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Speaker 1: as seventy five percent of Australia's trade is with APEC countries.

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Speaker 1: When asked about Donald Trump's policies, he said Australia will

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Speaker 1: always support free and fair trade. One in four jobs

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Speaker 1: are trade dependent, the Prime Minister said, and that's his focus.

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Speaker 1: The talks will also include climate change and transitions to

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Speaker 1: renewable energy. Just before we leave geopolitical matters, Australia has

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Speaker 1: shifted its vote in the United Nations to recognize the

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Speaker 1: permanent sovereignty of Palestinians over the occupied territories, potentially triggering

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Speaker 1: a flashpoint with any Trump administration in the US. Australia

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Speaker 1: has abstained on a vote on that issue ever since

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Speaker 1: twenty eleven. Overnight we switched to e yes. Story number three.

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Speaker 1: Chemical and explosives maker Ourica has posted a jump in

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Speaker 1: full year profit, helped by higher demand for its digital

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Speaker 1: products and its new blasting technology. The world's biggest manufacturer

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Speaker 1: of commercial explosives got a really interesting history. Started one

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Speaker 1: hundred and forty nine years ago by supplying explosives to

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Speaker 1: the Victorian goldfields. It has continued came out today set

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Speaker 1: a seventy seven percent jump in net profit though its

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Speaker 1: share price fell. The company's targeting a fifty to fifty

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Speaker 1: slit between its blasting business and non blasting business things

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Speaker 1: like high def cameras, radar scanners, laser trackers to check

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Speaker 1: how minds are going that type of thing, and it

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Speaker 1: seems to be on the way. Storry Number four accounting

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Speaker 1: software Group zero has recorded a seventy six percent jump

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Speaker 1: in net profit for the half year to the end

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Speaker 1: of September. Chief executives a kind to sing Cassidy called

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Speaker 1: it a solid performance, including strong revenue growth. Its share

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Speaker 1: price jumped six percent. Another to report today was Grain Corp.

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Speaker 1: Its net profit for twelve months to the end of

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Speaker 1: September was sixty two million dollars, down from two hundred

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Speaker 1: and fifty million dollars a year earlier. It blamed the

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Speaker 1: variability of Australian crops, didn't give any earnings guidance, and

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Speaker 1: its share price at one point yesterday was down about

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Speaker 1: four percent and farm chemical supply a new farm booked

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Speaker 1: in a loss of six million dollars. Lower selling prices

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Speaker 1: and profit margins in many parts of the business were

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Speaker 1: to blame, but the result was better than expected and

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Speaker 1: its share price ended up six percent and story number five.

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Speaker 1: Ray Hadley, the morning radio King of Sydney, has lost

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Speaker 1: his first ratings period in twenty years. The seventy year

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Speaker 1: old last week said he'd step down from his show

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Speaker 1: It's from nine am till twelve pm on TWOGB in

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Speaker 1: Sydney and the top ranking for more than one hundred

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Speaker 1: and sixty surveys until today came in third behind WSFM

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Speaker 1: and Smooth FM in Melbourne. High profile Sydney peir kyl

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Speaker 1: Sandlan's and Jackie Oh fell zero point one percent to

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Speaker 1: a five point one percent market chair He had thirteen

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Speaker 1: point one percent of the Sydney breakfast audience though. As

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Speaker 1: if the Arsnoon Report for Thursday, the fourteenth of November

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Speaker 1: twenty twenty four, Michael Thomps and I will be back

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Speaker 1: tomorrow morning with the Friday edition of Fear and Greed

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Speaker 1: Business News. I'm Sean Elmer and Joey Evening