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

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Speaker 1: for Friday, the twenty eighth of March twenty twenty five.

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

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

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Speaker 1: Number one. Australians will go to the polls on May three,

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Speaker 1: after Prime Minister Anthony Albernizi visited the Governor General Sam

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Speaker 1: Moston this morning and asked her to dissolve the current parliament.

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Speaker 1: It's a thirty six day election campaign with the cost

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Speaker 1: of living crisis front and center. Taxes, petrol and energy prices,

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Speaker 1: and healthcare are set to dominate the campaign, at least

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Speaker 1: in a policy sense. US President Donald Trump is already

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Speaker 1: playing a bit role in the election, with Prime Minister

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Speaker 1: Anthony Alberizi suggesting Opposition leader Peter Dunton was like mister Trump,

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Speaker 1: something Peter Dunn tried to avoid all day. Strow number two.

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Speaker 1: The S and PA six two hundred finished up just

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Speaker 1: to touch today at seven nine hundred and eighty two points.

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Speaker 1: The Prime Minister's election announcement pushed the market lower initially

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Speaker 1: before it recovered moved into positive territory and then kind

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Speaker 1: of ended up not really far away from where it started.

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Speaker 1: Gold stocks did well. More on that surely, consumer staples

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Speaker 1: did well. Wilworths and Coals both jumped more than one percent.

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Speaker 1: Tech stocks were the underperformers among the large caps. The

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Speaker 1: banks were mixed. The big miners were higher. Tolstra and

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Speaker 1: Qbe were both up around two percent, while Goodwin Group

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Speaker 1: finished down two percent. Stro number three gold miners with

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Speaker 1: the strongest performers today after spot gold hit a new

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Speaker 1: record high of just under three thousand and sixty five

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Speaker 1: US dollars, an Ounce Romilius Resources, West African Resources, to

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Speaker 1: Gray Mining, Regis Resources, Northern Star, Evolution Mining. They all

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Speaker 1: performed very well today. The price of gold is being

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Speaker 1: supported by the uncertainty around US tariff and economic policies.

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Speaker 1: The asx's All Ordinary Gold sub index is up thirty

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Speaker 1: two percent this year. Stroight number four. The potential entry

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Speaker 1: of Canadian based at Dollar Rama into the local market

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Speaker 1: via it's knockout two hundred and fifty nine million dollar

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Speaker 1: bid the reject Shop will be a competitive threat to

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Speaker 1: other operators such as Woollies and West Farmers. That's the

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Speaker 1: view of analyst at Jarden who says doll Rama has

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Speaker 1: some of the highest profit margins among global listed discount chains.

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Speaker 1: Jarden recons it could bring a successful model to the

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Speaker 1: reject shop, thus affecting the local outlook. Think Big w Kmart,

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Speaker 1: Target and Office Works and Story number five. Canadian Prime

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Speaker 1: Minister Mark Carney says that his country's old relationship with

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Speaker 1: the United States is over and vows there'll be broad

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Speaker 1: renegotiations of the trade agreement between the two countries. Carne

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Speaker 1: said the tariff imposed by US President Donald Trump will

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Speaker 1: force Canada to rethink and reshape its economy and seek

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Speaker 1: reliable trading partners. Cantee's comments appeared to call them to

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Speaker 1: question the future of the USMCA, which is the negotiated

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Speaker 1: deal between US, Canada and Mexico. It was done during

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Speaker 1: the previous Trump administration. It's been hailed as one of

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Speaker 1: the world's most important trade deals, according to The Financial Times.

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Speaker 1: Carne says Canada will fight American tariffs with retaliatory trade

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Speaker 1: actions of its own that will have maximum impact in

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Speaker 1: the US and minimum impact in Canada. That's it. The

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Speaker 1: Afternoon Report for Friday, the twenty eighth of March twenty

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

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Speaker 1: We will be back tomorrow morning with the weekend edition

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Speaker 1: of the Fear and Greed Business News. I'm Sean Elmer.

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Speaker 1: Enjoy your evening.