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Speaker 1: Hello, Welcome to the update. I'm to Lisa Writer. US

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Speaker 1: President Joe Biden has addressed a nation to explain why

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Speaker 1: he dropped out of the twenty twenty four race after

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Speaker 1: serving in politics for almost fifty years. He says it's

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Speaker 1: the right time to pass the torch to the next generation.

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Speaker 1: We're affirming your support for VP Kamala Harris to assume

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Speaker 1: the Democratic nomination for president. Speaking from the Oval Office,

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Speaker 1: s Biden says he's putting democracy above personal ambition.

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Speaker 2: You know, there is a time and a place for

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Speaker 2: long years of experience in public life. So it's also

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Speaker 2: a time and a place for new voices, fresh voices, yes,

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Speaker 2: younger voices, and that time of place is now.

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Speaker 1: One of the Australia's Olympic flag bearers says she feels

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Speaker 1: safe in Paris, despite recent security concerns. Our athletes have

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Speaker 1: even been told not to wear their team uniform when

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Speaker 1: they leave the Olympic village, but champion kayaker Jess Fox

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Speaker 1: says there are plenty of police on the streets.

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Speaker 3: Having been around Paris at the moment, there's so much security,

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Speaker 3: so many police officers, military, and I think that's reassuring.

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Speaker 3: In a way you know the presence is there where

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Speaker 3: we are. We're sort of focused on our performance in

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Speaker 3: the AOC have done an amazing job to make sure

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Speaker 3: we feel safe.

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Speaker 1: Ozzie house and unit prices have risen for a six

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Speaker 1: straight quarter. Record prices were said in Sydney, Brisbane, Adelaide

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Speaker 1: and Perth over the Dune quarter. Leading economists doctor Nikola

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Speaker 1: Powell expects demand to remain strong despite economic pressures and

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Speaker 1: high interest rates. The CFMEU was rolling out a new

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Speaker 1: national Code of Conduct in a bit to stamp out

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Speaker 1: unlawful behavior on construction sites. It comes as the Union

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Speaker 1: remains at the center of major allegations of corruption and

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Speaker 1: criminal behavior, and new data reveals only fifty three percent

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Speaker 1: of Australians with a taxable income over a million dollars

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Speaker 1: give to charity. That's compared to ninety percent in the US.

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Speaker 1: It's prompted a new campaign to target women to boost donations.

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Speaker 1: Sport and entertainment are next In sport, Australia is off

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Speaker 1: to a winning start in Olympic competition in Paris, the

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Speaker 1: Aussie men's rugby side winning their first pull match against

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Speaker 1: Samoa before easily accounting for Kenya a few hours later.

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Speaker 1: Their next game is against Argentina tomorrow and men's at

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Speaker 1: World tennis number one at Janick Sinner has withdrawn from

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Speaker 1: the Paris Games with tonsulitis. The draw for the Olympic

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Speaker 1: tournament takes place tomorrow night, a match at start on Sunday.

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Speaker 1: In entertainment news, Share is putting pen to paper for

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Speaker 1: our upcoming autobiography. The seventy eight year old pop icon

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Speaker 1: is set to release two memoirs, saying life is two

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Speaker 1: Immens for one book. Some big news from the AFL

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Speaker 1: with popstar Katie Perry set to perform at this year's

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Speaker 1: Grand Final. The league confirmed the exciting news this morning,

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Speaker 1: with further announcements on other performance to be made in

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Speaker 1: coming weeks. And Prince William's eye watering salary has been revealed,

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Speaker 1: the British Royal earning an estimated thirty one million last

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Speaker 1: year after taking over responsibilities for the Duchy of Cornwall estate,

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Speaker 1: which he inherited from his father at King Charles. And

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Speaker 1: that's the latest from the Nova podcast news team. We'll

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Speaker 1: have another episode of the Update Fear tomorrow

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Speaker 3: Publicly opposite