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Speaker 1: From the Daily ohs, i'm emma, I'm zara. It's Tuesday,

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Speaker 1: the eleventh of March. Here's what's making headlines this evening.

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Speaker 2: The Australian share market has plummeted by more than fifty

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Speaker 2: billion dollars today in response to uncertainty over the US economy.

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Speaker 2: It follows similar losses across global markets overnight after US

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Speaker 2: President Donald Trump was asked if he's expecting a recession

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Speaker 2: during a Fox News interview, Trump said he hates to

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Speaker 2: quote predict things like that, and added, there is a

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Speaker 2: period of transition because what we're doing is very big.

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Speaker 2: Tech stocks have seen the biggest drops on both the

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Speaker 2: ASX and Wall Street since Trump made the comments. Tesla

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Speaker 2: stock slipped by fifteen percent on Monday. It means shares

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Speaker 2: in the Elon Musk owned EV company have halved in

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Speaker 2: value since December.

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Speaker 1: Communities impacted by x cyclone Alfred are through the worst,

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Speaker 1: with no current emergence warnings in place for New South

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Speaker 1: Wales and Queensland. However, authorities are continuing to monitor catchments

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Speaker 1: and river levels. In an update today, Queensland Premier David

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Speaker 1: chrisifully said the state government is quote determined to flick

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Speaker 1: the switch from response to recovery. Chris a Fully said

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Speaker 1: the clean up effort will take time, but he has

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Speaker 1: quote every faith that communities will bounce back. Over one

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Speaker 1: hundred thousand Queensland homes remain without power, but three quarters

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Speaker 1: of power connections have been re established in the state,

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Speaker 1: he said. New South Wales Premier Chris Mins said there

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Speaker 1: was good news for the state's Northern Rivers region, where

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Speaker 1: river levels have begun receding. The immediate threat to the

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Speaker 1: community has been reduced. Mins said.

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Speaker 2: The Vatican has announced Pope Francis is no longer in

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Speaker 2: imminent danger after he was hospitalized with pneumonia last month.

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Speaker 2: An official statement confirmed the eighty eight year old's health

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Speaker 2: is improving as he responds to treatment and continues to

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Speaker 2: show positive signs. Pope Francis has served as the head

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Speaker 2: of the Catholic Church since twenty thirteen. He's been in

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Speaker 2: a Rome hospital since the fourteenth of February, where he's

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Speaker 2: received treatment for double pneumonia and mild kidney failure. The

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Speaker 2: Pope is expected to continue treatment in hospital over the

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Speaker 2: coming days. According to the Vatican.

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Speaker 1: And Today's Good News, population numbers of the vulnerable Eastern

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Speaker 1: monarch butterfly have nearly doubled this year, according to new data.

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Speaker 1: Eastern monarchs have been threatened by climate change and the

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Speaker 1: use of pesticides in their North American breeding areas in

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Speaker 1: recent years. However, World Wildlife Fund Mexico has recorded an

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Speaker 1: increase in numbers of the butterfly after it led a

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Speaker 1: survey with local conservation and community groups. WWF Mexico said

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Speaker 1: the population wintering in Central Mexico's forests occupied four point

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Speaker 1: four to two acres, up from two point two two

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Speaker 1: acres during the previous winter. Conservationists hope these important pollinators

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Speaker 1: will continue occupying more forest habitat over the coming years.

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Speaker 2: And with that butterfly good news. That's it from us today.

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Speaker 2: If you are looking for something else, why not listen

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Speaker 2: to this morning's deep dive on the first pill testing

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Speaker 2: trial in New South Wales.

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Speaker 1: We'll be back tomorrow morning with another deep dive, but

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Speaker 1: until then, have a great night.

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Speaker 2: My name is Lily Maddon and I'm a proud Arunda

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Speaker 2: Bungelung Cargoton woman from Gadighl Country. The Daily oz acknowledges

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Speaker 2: that this podcast is recorded on the lands of the

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Speaker 2: Gadighl people and pays respect to all Aboriginal and Torres

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Speaker 2: Strait Island and nations. We pay our respects to the

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Speaker 2: first peoples of these countries, both past and present,