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

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Speaker 1: for Wednesday, the fifth of February twenty twenty five. I'm

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Speaker 1: sure elmer every afternoon, We've got the five stories that

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

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Speaker 1: this s and PASX two hundred had a pretty good day,

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Speaker 1: finished up half percent to eighty four hundred and seventeen points.

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Speaker 1: The big miners led the way. FOURT Skew Metals and

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Speaker 1: Rare both jumped two percent, while BHP was up one

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Speaker 1: and a half percent. The tex stocks and energy companies

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Speaker 1: also did well. You can put Woodside, Promticus zero, Aria

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Speaker 1: Wisetech into that basket. Healthcare stocks underperformed. CESL was down

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Speaker 1: more than one percent, while Mcquarie Bank Limited was off

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Speaker 1: three point six percent. In corporate news, Mcorp jumped after

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Speaker 1: its earnings met expectations in the December quarter and the

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Speaker 1: company reaffirmed its guidance for the twenty twenty five financial year.

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Speaker 1: And clean Away Waste Management fell after the company was

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Speaker 1: forced to close its liquid waste processing facility in Western

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Speaker 1: Sydney after a significant five hit the premises. Story number two.

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Speaker 1: The Prime Minister has announced one point seven billion dollars

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Speaker 1: in additional funding to public hospitals next year. The PM

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Speaker 1: said the additional funds to states and territories would help

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Speaker 1: cut waiting lists, to reduce waiting times in emergency rooms,

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Speaker 1: and to manage ramping. This matters to people in This

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Speaker 1: decision today will help save lives and lead to better

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Speaker 1: outcomes for our nation's people. He said. This is part

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Speaker 1: of a new agreement between the federal, state and territory

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Speaker 1: governments where the commonwealth contribution to public hospitals will increase

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Speaker 1: by twelve percent. Story number three Tolerod Group Transurban could

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Speaker 1: become a takeover target, according to investment bankers, on the

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Speaker 1: back of a dearth of infrastructure players on the AX

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Speaker 1: and a lackluster share price of Transurban for the last

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Speaker 1: five years or so. It's significant that media is now

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Speaker 1: talking about Transurban as a target. Nothing really as large

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Speaker 1: as Transurban in the infrastructure ASEX world post Sydney Airport. Now.

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Speaker 1: The Toleroid Group's share prices underperformed last year. The MARC

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Speaker 1: was about ten percent, it was flat. It's worth about

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Speaker 1: forty one billion dollars, though a sale price is probably

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Speaker 1: closer to sixty billion dollars. It might be a bit expensive,

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Speaker 1: but it has come back to the pack in recent years,

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Speaker 1: and obviously investment bankers are talking about it. According to

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Speaker 1: the fin Review, toll roads like Sydney's West Connects provide

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Speaker 1: steady returns to investors over the long term. Most of

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Speaker 1: Transurban's agreements in Australia allow the company to raise toll

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Speaker 1: fares by the rate of inflation or at least four percent.

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Speaker 1: That's sort of steady returns that many super funds, like

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Speaker 1: Story number four International markets, how would you describe them chaotic?

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Speaker 1: I would say. At the moment, oil is up again,

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Speaker 1: trading around seventy six US dollars a barrel, goals even

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Speaker 1: higher twenty eight to fifty eight US dollars an ounce.

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Speaker 1: Of course, that's training near these record levels because its

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Speaker 1: goal is a safe place to be when things are uncertain,

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Speaker 1: and there's plenty of uncertainty around At the moment. The

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Speaker 1: Ausie dollar, though, that's jumped a bit. It's up to

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Speaker 1: sixty two and a half US sense, while bitcoin is

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Speaker 1: trading just under one hundred US dollars a unit. And

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Speaker 1: Story number five at least eleven people have been killed

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Speaker 1: at an adult Education Center in Sweden in the country's

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Speaker 1: worst ever mass shooting. The school runs classes for students

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Speaker 1: over the age of twenty, including Swedish classes for immigrants,

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Speaker 1: vocational training in programs for people with intellectual disabilities. Sweden's

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Speaker 1: PM Ulf Christensen described the attack as the worst mass

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Speaker 1: shooting in Swedish history. Please bleed. The gunman who was

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Speaker 1: one of those killed, acted alone and had no suspected

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Speaker 1: connections with terrorism. Sweden has a high level of gun ownership,

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Speaker 1: largely because of hunting, and in recent years has recorded

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Speaker 1: the highest but capita rate of gun violence. School attacks.

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Speaker 1: They are rare, with just ten people killed in seven

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Speaker 1: incidents between twenty ten and twenty twenty two. That's it.

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Speaker 1: Fair afternoon report for Wednesday, the fifth 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're back tomorrow morning with thursd edition off Fear and

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Speaker 1: Greed business news. I'm Schanielmer. Enjoy your evening.