It's Tuesday, the first of April twenty twenty five. Welcome to the Fast five Business News by Fear and Agreed, where we give you the top five business stories you need to know. When it's five minutes, I'm Michael Thompson and good morning Sean.

It's Tuesday, the first of April twenty twenty five. Welcome to the Fast five Business News by Fear and Agreed, where we give you the top five business stories you need to know. When it's five minutes, I'm Michael Thompson and good morning Sean.

Aleman, Good morning Michael Shawn.

Aleman, Good morning Michael Shawn.

Five massive stories to get through in just five minutes, so we better go cracking. With story number one, The Australian share market has had its worst start to a year since COVID, with the benchmark index off nearly four percent, including a forty two billion dollar sell off yesterday.

Five massive stories to get through in just five minutes, so we better go cracking. With story number one, The Australian share market has had its worst start to a year since COVID, with the benchmark index off nearly four percent, including a forty two billion dollar sell off yesterday.

Not since twenty twenty as the share market has as bad a quarter, which means many of our superinnuation accounts won't look very good when we check our latest statements. The selling reflects two main factors. The first are fears of US reciprocal tariffs hitting Australian exports. The second is a downtown in the world's biggest economy. Not helping is all the uncertainty around the place. Taking the tariff factor first, in February, US President Donald Trump directed officials to put together country by country tailored counter measures on tariffs. Not sure what that means like our ges, our pharmaceutical benefit scheme, whether they attract the US desire or not. We'll find out on Thursday. That's what Donald Trump is called Liberation Day, where he's going to impose those reciprocal tariffs. Second fact is the US economy. There's like a forty fifty percent chance, according to the experts, that could go into a session. That's bad news.

Not since twenty twenty as the share market has as bad a quarter, which means many of our superinnuation accounts won't look very good when we check our latest statements. The selling reflects two main factors. The first are fears of US reciprocal tariffs hitting Australian exports. The second is a downtown in the world's biggest economy. Not helping is all the uncertainty around the place. Taking the tariff factor first, in February, US President Donald Trump directed officials to put together country by country tailored counter measures on tariffs. Not sure what that means like our ges, our pharmaceutical benefit scheme, whether they attract the US desire or not. We'll find out on Thursday. That's what Donald Trump is called Liberation Day, where he's going to impose those reciprocal tariffs. Second fact is the US economy. There's like a forty fifty percent chance, according to the experts, that could go into a session. That's bad news.

Okay. A lot of this is about uncertainty in the US. What stocks are being.

Okay. A lot of this is about uncertainty in the US. What stocks are being.

Hit hardest locally though, pretty much everything except for gold stocks, which is safe haven assets. The SMPA six two hundred finished down one point seventy five percent yesterday to seven eight three points. Ninety percent of the top two hundred ended lower basically read ink everywhere, led by the big miners and tech stocks. After a very strong run for the market from August last year until about the middle of last month, the BOSS has dropped more than eight percent, while the uncertainty last it's hard to see it doing much better.

Hit hardest locally though, pretty much everything except for gold stocks, which is safe haven assets. The SMPA six two hundred finished down one point seventy five percent yesterday to seven eight three points. Ninety percent of the top two hundred ended lower basically read ink everywhere, led by the big miners and tech stocks. After a very strong run for the market from August last year until about the middle of last month, the BOSS has dropped more than eight percent, while the uncertainty last it's hard to see it doing much better.

Okay. Story number two. That was a lot of bad investing news. Better news, Sean if you're a homeowner. Australian house prices hit new records in March overturning a downward trend with almost all capital it is showing price rises. Last month across the country, values increased by zero point four percent.

Okay. Story number two. That was a lot of bad investing news. Better news, Sean if you're a homeowner. Australian house prices hit new records in March overturning a downward trend with almost all capital it is showing price rises. Last month across the country, values increased by zero point four percent.

Notably, Melbourne outdid the average. Sydney prices also arose, but they just didn't go up as fast as that average are zero point three percent or as fast as Melbourne. For the first quarter of the year. Prices and the two major cities are now up aroundo point four point five percent. However, the median house price in Sydney is much more one point two million compared to seven hundred and eighty thousand in Melbourne. That housing affordability is helping that Southern state's house prices and Darwin and Adelaide were the best performers in both the month of March and the first three months of the year. Brisbane had a pretty strong month in March. It's now the second most expensive city median value of just under nine hundred thousand perth House prices are rising, but now are near the pace of last year.

Notably, Melbourne outdid the average. Sydney prices also arose, but they just didn't go up as fast as that average are zero point three percent or as fast as Melbourne. For the first quarter of the year. Prices and the two major cities are now up aroundo point four point five percent. However, the median house price in Sydney is much more one point two million compared to seven hundred and eighty thousand in Melbourne. That housing affordability is helping that Southern state's house prices and Darwin and Adelaide were the best performers in both the month of March and the first three months of the year. Brisbane had a pretty strong month in March. It's now the second most expensive city median value of just under nine hundred thousand perth House prices are rising, but now are near the pace of last year.

Story number three. The first polls taken after the election was called are in and broadly it's good news for the Prime Minister.

Story number three. The first polls taken after the election was called are in and broadly it's good news for the Prime Minister.

Sure as the AFR freshwater poll shows that Labor is closing the gap on the coalition as the party most trusted to hand the cost of living crisis. The cost of living crisis is far and away the biggest issue in this election. On a two party ThReD basis, the Opposition leads the ALP fifty point six to forty nine point four, but that result suggests that Dutton's momentum and the coalition's momentum has stalled somewhat. If it's repeated in an election, according to Freshwater, the swing away from the government would result in an ALP led minority government. The news poll in The Australian shows Labour leading the coalition fifty one to forty nine percent on a two party preferred basis, a turnaround from the previous result that would put ALP within striking distance of forming a majority government.

Sure as the AFR freshwater poll shows that Labor is closing the gap on the coalition as the party most trusted to hand the cost of living crisis. The cost of living crisis is far and away the biggest issue in this election. On a two party ThReD basis, the Opposition leads the ALP fifty point six to forty nine point four, but that result suggests that Dutton's momentum and the coalition's momentum has stalled somewhat. If it's repeated in an election, according to Freshwater, the swing away from the government would result in an ALP led minority government. The news poll in The Australian shows Labour leading the coalition fifty one to forty nine percent on a two party preferred basis, a turnaround from the previous result that would put ALP within striking distance of forming a majority government.

Story number four online real estate portal Domain is set to be sold to US based Coast after sixty percent shareholder Nine Entertainments said it will vote in favor of the deal.

Story number four online real estate portal Domain is set to be sold to US based Coast after sixty percent shareholder Nine Entertainments said it will vote in favor of the deal.

Domains the biggest single asset of nine Entertainment and co Star is now doing due diligence on the property group. Yesterday, Domain set directors would support the bid if there were no other offers, and an independent expert says it's in the best interests of the company co Star. Last week up to it's offered four dollars forty three a share. That's forty two percent premium two domains closing price in the day before the initial bid was made back in February. If deal goes ahead, the question becomes what does nine do with about one point four billion dollars in cash?

Domains the biggest single asset of nine Entertainment and co Star is now doing due diligence on the property group. Yesterday, Domain set directors would support the bid if there were no other offers, and an independent expert says it's in the best interests of the company co Star. Last week up to it's offered four dollars forty three a share. That's forty two percent premium two domains closing price in the day before the initial bid was made back in February. If deal goes ahead, the question becomes what does nine do with about one point four billion dollars in cash?

Good question? Last one story number five. President Donald Trump says he isn't joking about trying to serve a third term. The clearest indication yet that he is looking for ways to overcome a constitutional barrier that prevents someone serving more than twice.

Good question? Last one story number five. President Donald Trump says he isn't joking about trying to serve a third term. The clearest indication yet that he is looking for ways to overcome a constitutional barrier that prevents someone serving more than twice.

Yes, so, he was. In a telephone interview with NBC News from marri Lago. He said, and I quote, there are methods which you could do it. End quote. He added that it was far too early to think about, but obviously he has been thinking about it. The twenty second Amendment, added to the Constitution in nine to fifty one after President Franklin D. Roosevelt was elected four times in a row, says, and I quote, no person shall be le did to the office of the president more than twice. End quote. Now, any attempt to remain in office would be legally suspect, and it's unclear how seriously Trump might pursue the idea, but he's clearly giving some thought to it.

Yes, so, he was. In a telephone interview with NBC News from marri Lago. He said, and I quote, there are methods which you could do it. End quote. He added that it was far too early to think about, but obviously he has been thinking about it. The twenty second Amendment, added to the Constitution in nine to fifty one after President Franklin D. Roosevelt was elected four times in a row, says, and I quote, no person shall be le did to the office of the president more than twice. End quote. Now, any attempt to remain in office would be legally suspect, and it's unclear how seriously Trump might pursue the idea, but he's clearly giving some thought to it.

Yeah, indeed, all right, there we go, the top five business stories in five minutes. Thank you very much, Sean, Thank you, Michael. It is Tuesday, the first of April twenty twenty five. Remember to hit follow on the podcast, and if five minutes isn't enough, you can find our longer daily show called Fear and Greed wherever you listen to podcasts. I'm Michael Thompson and that was the fast five business news by Fear and Greed. Have a great day.

Yeah, indeed, all right, there we go, the top five business stories in five minutes. Thank you very much, Sean, Thank you, Michael. It is Tuesday, the first of April twenty twenty five. Remember to hit follow on the podcast, and if five minutes isn't enough, you can find our longer daily show called Fear and Greed wherever you listen to podcasts. I'm Michael Thompson and that was the fast five business news by Fear and Greed. Have a great day.