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Speaker 1: It's Monday, the fifteenth of July twenty twenty four. Welcome

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Speaker 1: to the Fast five by Fear and Greed, where we

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Speaker 1: give you the top five business stories you need to

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Speaker 1: know in just five minutes. I'm Julian King and good morning,

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Speaker 1: short Ailmer. Good morning, Julian Shawn. Story number one. The

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Speaker 1: fallout from the attempted assassination of Donald Trump that a

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Speaker 1: rallian Pennsylvania over the weekend has quickly become very political,

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Speaker 1: with one of the favorites to be mister Trump's running

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Speaker 1: mate in November, jd Vance saying the Biden campaigns rhetrick

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Speaker 1: led directly to the assassination attempt.

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Speaker 2: The government apparently shot up the former president eight times,

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Speaker 2: one clip the top of mister Trump's ear, sending him

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Speaker 2: to the ground, quickly covered by Secret Service agents. Another

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Speaker 2: killed the spectator and two others at the rally were

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Speaker 2: critically injured. On his own social media platform Truth Social,

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Speaker 2: mister Trump said he'd been shot with a bullet that

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Speaker 2: pierced the upper part of his right ear. A twenty

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Speaker 2: year old man shooting from what was described as an

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Speaker 2: elevated position, was killed afterwards by the Secret Service. His

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Speaker 2: motive thus far is unknown. World leaders and Republican Democrat

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Speaker 2: officials condemned the shooting. President Biden, in a nationally televised statement,

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Speaker 2: expressed gratitude that mister Trump had been swiftly evacuated and

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Speaker 2: said there's no place in America for this kind of violence.

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Speaker 2: He later spoke to mister Trump. The Biden campaign said

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Speaker 2: it's pulling down its television ads as a sign that

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Speaker 2: it was putting politics aside in the aftermath of the shooting.

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Speaker 2: A video released yesterday Australian Time shows mister Trump deplaning

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Speaker 2: in New Jersey, walking downstairs. He looked reasonably healthy. He

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Speaker 2: gave a wave in fact.

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Speaker 1: So what are the political implications of what's happened? While

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Speaker 1: the act itself, of course is inexcusable, will it help

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Speaker 1: the Trump campaign?

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Speaker 2: Already the image of mister Trump, seconds after being lifting

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Speaker 2: his fist into the air is being used to highlight

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Speaker 2: his courage. The image will be one of the lasting

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Speaker 2: memories of the assassination attempt. As you mentioned, Julian in

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Speaker 2: the opening, one of Trump's potential running mates is blaming

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Speaker 2: the Biden campaign already. Mister Trump's former returning General Bill

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Speaker 2: Barr blamed what he called grossly irresponsible talk about Trump

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Speaker 2: by Democrats for the shooting. Fortunately, the majority of politicians

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Speaker 2: are calling for a cooling off period to take some

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Speaker 2: of the heat out of the ferocious retrick from both

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Speaker 2: sides of the aisle. The big unknown is exactly how

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Speaker 2: Donald Trump reacts.

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Speaker 1: Story number two. The ASX two hundred hit a new

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Speaker 1: record close on Friday of seven nine hundred and fifty

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Speaker 1: nine points. That is up nearly eighteen percent since it's

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Speaker 1: low and late October last year.

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Speaker 2: Quite a round this in PAX two hundred hit a

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Speaker 2: record intra day high of seven thousand, nine hundred and

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Speaker 2: ninety six points after jumping one percent on opening before

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Speaker 2: pairing gains to close up just under one percent to

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Speaker 2: seven nine hundred and fifty nine points. It was the

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Speaker 2: highest close ever. Shares in comwellf Bank rows again, this

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Speaker 2: time to a record high of one hundred and thirty

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Speaker 2: one dollars and sixty. Its market value is now two

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Speaker 2: hundred and twenty billion dollars, just pipping HP as the

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Speaker 2: largest stock on the burs. It was the interest rate

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Speaker 2: sensitive stocks that did best. All the questions now will

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Speaker 2: be ken? The boss pushed through eight thousand points Today

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Speaker 2: Ry number three.

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Speaker 1: Labour is under pressure to launch a Royal commission or

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Speaker 1: judicial inquiry into the CFMEU after explosive allegations of misconduct

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Speaker 1: by the militant union and its officials.

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Speaker 2: A major investigation by the Nine Media found underworld figures

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Speaker 2: have infiltrated major Victorian and New South Wales construction projects,

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Speaker 2: with some securing jobs as CFMEU delegates. It also revealed

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Speaker 2: how outgoing CFMEU boss John Setka, who quit on Friday,

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Speaker 2: made a menacing nighttime visit to the family home of

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Speaker 2: a fellow senior union official to dump a suitcase scrawled

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Speaker 2: with a message attacking the official as a dog. The

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Speaker 2: allegations prompted Workplace Relations Minister Taney Burke to seek advice

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Speaker 2: on options to take over the organization or even de

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Speaker 2: register it. According to the AFR, business groups including the

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Speaker 2: Business Council of Australia, AI Group and Australian Chamber of

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Speaker 2: Commerce have called on Labour to immediately launch an independent

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Speaker 2: judge led inquiry.

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Speaker 1: Story Number four. School holidays and the winter months have

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Speaker 1: put a dent in house sales, with the nation's preliminary

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Speaker 1: clearance rate falling to seventy one percent. Over the past week,

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Speaker 1: nearly fifteen hundred homes went to Waction, which is actually

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Speaker 1: a bit down on average. Sydney they recorded the biggest slump,

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Speaker 1: with the early clearance rate going from seventy six point

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Speaker 1: seven percent a week ago to just sixty eight point

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Speaker 1: nine percent. It's the first time this year that Sydney's

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Speaker 1: come in under seventy percent for that early clearance rate.

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Speaker 1: In contrast, Melbourne did much better.

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Speaker 2: It went from just over seventy percent a week ago

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Speaker 2: to seventy three percent. Brisbane Strate tumbled from seventy nine

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Speaker 2: percent to less than sixty four percent. Adelaid came in

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Speaker 2: about as normal eighty five percent, Canberra sixty four and

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Speaker 2: a half percent.

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Speaker 1: And Story number five Resmet's US based Mick Farrell made

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Speaker 1: forty seven point five million dollars last year, topping the

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Speaker 1: ranking of CEO pay among ASX listed companies.

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Speaker 2: Yeah not bad. Coming in at number two is News

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Speaker 2: Corps Robert Thompson at forty one point five million dollars,

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Speaker 2: then Greg Goodman from Goodman Group, Shamara Wickramen and Yaka

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Speaker 2: from McQuary, and Mike Henry from BHP now dose five

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Speaker 2: In total earned one hundred and sixty one million dollars

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Speaker 2: last year. Then you're study from the Australian Council of

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Speaker 2: Superannuation Investors looks at realized pay rather than fixed pay.

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Speaker 2: Our realized pay includes salary, might have a bonus companion

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Speaker 2: in there also the value of stock they're given. On average,

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Speaker 2: ceo has earned more than fifty times the average Australian adult.

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Speaker 2: Mind you, the median CEO pay actually fell last year

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Speaker 2: from three point nine to three million to three point

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Speaker 2: eight seven million. Don't feel too sorry for them, not, Julian.

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Speaker 1: I think they're probably near enough, almost as much as

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Speaker 1: you are, Suran. Almost. That's it, the top five business

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Speaker 1: stories in five minutes. Thank you, Sean.

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Speaker 2: Thank you very much. Julian.

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Speaker 1: It's Monday, the fifteenth of July twenty twenty four. Remember

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Speaker 1: to hit follow on the podcast and if five minutes

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Speaker 1: isn't enough, then find out longer podcast called Fear and

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Speaker 1: Greed on your podcast platform. I'm Julian King and that

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Speaker 1: was the fast five by Fear and Greed. Have a

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Speaker 1: great date,