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

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Speaker 1: for Thursday, thirteenth of February twenty twenty five. I'm Sean Elma.

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Speaker 1: Every afternoon, we've got the five stories that happened today

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Speaker 1: that you need to know about. Story number one, The

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Speaker 1: S and p ASX two hundred hit a new record

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Speaker 1: high today of eighty five hundred and seventy five point

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Speaker 1: two points. Big Mine has led the way, peaked at

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Speaker 1: about eleven thirty this morning, but by the close it

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Speaker 1: was back to where it started. Hopes of an interest

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Speaker 1: rate cut next week is underpinning the confidence at the moment.

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Speaker 1: Is also a pretty good earning season going on. The

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Speaker 1: highlight on the market today was trading in Sigma Healthcare,

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Speaker 1: which now includes Chemist Warehouse. The company is worth about

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Speaker 1: thirty two billion dollars at share price jumped five percent today.

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Speaker 1: Story number two. Renovators have spurred strong sales at Temple

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Speaker 1: and Webster, with the online retailer reporting high demand for sofas, beds,

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Speaker 1: and bathroom fixtures. Revenue and profit will both hire and

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Speaker 1: above expectations. The group's share price jumped fifteen percent today.

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Speaker 1: Tamilon Webster sells more than two hundred thousand products, operating

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Speaker 1: a platform that allows hundreds of suppliers to ship directly

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Speaker 1: to customers. While the must haves are doing well, the

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Speaker 1: want to have things like art and mirrors aren't doing

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Speaker 1: so well. Sales on the last half I helped by

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Speaker 1: a growing number of new customers and those returning for purchases.

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Speaker 1: The retailer intends to increase its home brand range of

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Speaker 1: bathroom fixtures, with your home improvement sector seemingly the fastest

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Speaker 1: growing category. Straight number three. Primedicus has reported record revenue

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Speaker 1: and profit, but the Medical Imaging Groups share price fell

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Speaker 1: three percent today. It's a stock that's priced to perfection.

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Speaker 1: Any disappointment and it gets sold off. And that's exactly

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Speaker 1: what happened today. It just disappointed a touch and its

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Speaker 1: share price fell. Mind you, the stock's up about ten

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Speaker 1: or eleven percent this year, one hundred and six percent

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Speaker 1: over the last year, about one thousand percent over the

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Speaker 1: past five years. I mean literally one thousand percent over

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Speaker 1: the past five years. It is a pretty good result.

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Speaker 1: More cash, new contracts in the US, bread of pofit margins.

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Speaker 1: Thing is, it's just a very very expensive stock based

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Speaker 1: on forecasts of future earnings. Promedicus is way more expensive

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Speaker 1: than most other tech stocks and much much much more

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Speaker 1: expensive than companies like Commonwealth Bank. Hence, when it disappoints,

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Speaker 1: it gets sold off straight. At number four, good news

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Speaker 1: for the asex Limited, the company that houses the local

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Speaker 1: share market. It makes money in part by enticing more

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Speaker 1: companies to list on the exchange, and boss Helen Lofthouse

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Speaker 1: said that is happening, pointing to the Chemist Warehouse Sigma deal.

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Speaker 1: The Volatilitian markets also helps asex Limited. It announced a

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Speaker 1: ten percent higher profit today for the six months to

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Speaker 1: the end of December that was pre tax. Its share

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Speaker 1: price closed up five percent, finding some good news for

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Speaker 1: that stock and story number five. President Donald Trump said

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Speaker 1: Washington and Moscow will begin negotiations immediately on ending the

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Speaker 1: war in New uk Krane after speaking with his Russian counterpart,

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Speaker 1: Vladimir Putin. The call suggests a dramatic turnaround in the

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Speaker 1: US Russian relationship amid signs Washington would reduce its support

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Speaker 1: for Ukraine after almost three years of war. Trump wrote

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Speaker 1: on his Truth social platform that he and Purtin had

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Speaker 1: agreed to work together very closely, expressing confidence that talks

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Speaker 1: would be his words successful and vowing no more lives

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Speaker 1: should be lost. He said the two leaders had also

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Speaker 1: agreed to visit each other's nations. The President then told

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Speaker 1: reporters that he and Putin would meet in Saudi Arabia.

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Speaker 1: The core between the two, which the Tremlin said lasted

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Speaker 1: nearly ninety minutes, was the first time Washington and Moscow

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Speaker 1: have spoken at the highest level since Russia's full scale

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Speaker 1: invasion of Ukraine in twenty twenty two. Trump spoke to

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Speaker 1: Putin and then called Vladimir Selenski, the President of Ukraine out.

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Speaker 1: In the report for Thursday, the thirteenth of February twenty

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Speaker 1: twenty five, make sure you hit follow on the podcast.

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Speaker 1: We'll be back tomorrow morning with the Friday edition of

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Speaker 1: Fear and Greed Business Years. I'm Shanilma. Enjoy reading