It's Tuesday, the twelfth of November twenty twenty four. Welcome to the Fast Five by Fear and Greed, where we give you the top five business stories you need to know in just five minutes. I'm Adam Lang and good morning Sean Almer.

It's Tuesday, the twelfth of November twenty twenty four. Welcome to the Fast Five by Fear and Greed, where we give you the top five business stories you need to know in just five minutes. I'm Adam Lang and good morning Sean Almer.

Good morning, Adam, Sean story.

Good morning, Adam, Sean story.

Number one this morning, Commonwealth Banks share price hit one hundred and fifty dollars, albeit briefly. Yesterday and for a few minutes, the lender became the first Australian company to top the quarter of a trillion dollar mark.

Number one this morning, Commonwealth Banks share price hit one hundred and fifty dollars, albeit briefly. Yesterday and for a few minutes, the lender became the first Australian company to top the quarter of a trillion dollar mark.

Just after eleven am, it hit one hundred and fifty dollars and thirty four cents to share, pushing the groups market capitalization beyond two hundred and fifty billion dollars, first time at local companies hit that valuation. It ended up closing at one hundred and forty nine dollars and seventy nine cents, the market cap of two forty nine point eight nine billion dollars. Despite most professional investors having a cell recommendation on the stock, it's risen twenty five percent in the past six months, not far off fifty percent over the past year. Mind Dear, Westpac's done even better it's ritten more than fifty percent over the past year, and NABS up forty percent, said twenty seven percent. We'll throw in Macquari Group, more of an investment bank than a retail bank. It's up forty percent. Now. I don't want to rain on any parade here. It's very exciting. We could have a quarter trillion dollar company. However, if the Commal Bank was in the S and P five hundred on Wall Street, it'd be ranked about the sixtieth largest company, about four and a half percent the size of Nvidia, which is actually the largest company.

Just after eleven am, it hit one hundred and fifty dollars and thirty four cents to share, pushing the groups market capitalization beyond two hundred and fifty billion dollars, first time at local companies hit that valuation. It ended up closing at one hundred and forty nine dollars and seventy nine cents, the market cap of two forty nine point eight nine billion dollars. Despite most professional investors having a cell recommendation on the stock, it's risen twenty five percent in the past six months, not far off fifty percent over the past year. Mind Dear, Westpac's done even better it's ritten more than fifty percent over the past year, and NABS up forty percent, said twenty seven percent. We'll throw in Macquari Group, more of an investment bank than a retail bank. It's up forty percent. Now. I don't want to rain on any parade here. It's very exciting. We could have a quarter trillion dollar company. However, if the Commal Bank was in the S and P five hundred on Wall Street, it'd be ranked about the sixtieth largest company, about four and a half percent the size of Nvidia, which is actually the largest company.

That's good perspective, Sean. The market seems to be a story of overperformers and underperformers, at least among the largest companies, with not too many of them in between.

That's good perspective, Sean. The market seems to be a story of overperformers and underperformers, at least among the largest companies, with not too many of them in between.

I think that's right. The S and PISX two hundreds up eighteen percent over the past year. Now about half that came right at the end of twenty twenty three. But of the top thirty stocks, the only companies to be performing about that eighteen percent market ces, l QB, Coles and Cocklearts. Of the other twenty six thirteen have done much better. Thirdin have done much worse. The really good performers Promedicus, Wise, Tech Global, Goodman Group, Aristocrat, Leisure, Resume and Fisher and Pacal. The really poor performers, These are all gone backwards. In fact, Woodside, BHP, Fortes, Skew Metals, Telstra, Rio, Woollies and Santos.

I think that's right. The S and PISX two hundreds up eighteen percent over the past year. Now about half that came right at the end of twenty twenty three. But of the top thirty stocks, the only companies to be performing about that eighteen percent market ces, l QB, Coles and Cocklearts. Of the other twenty six thirteen have done much better. Thirdin have done much worse. The really good performers Promedicus, Wise, Tech Global, Goodman Group, Aristocrat, Leisure, Resume and Fisher and Pacal. The really poor performers, These are all gone backwards. In fact, Woodside, BHP, Fortes, Skew Metals, Telstra, Rio, Woollies and Santos.

Sean's story number two. Bitcoin has risen to more than US eighty one thousand dollars a unit, highlighting the excitement about the Trump era among crypto traders.

Sean's story number two. Bitcoin has risen to more than US eighty one thousand dollars a unit, highlighting the excitement about the Trump era among crypto traders.

Yes, it's a golden period. The digital asset industry spent and estimated one hundred million US dollars back in crypto friendly candidates across the US during the elections last week. They seem to have already made their money back. Dagecoin a mean crowd favored by Elon Musk. It's also done particularly well. Donald Trump's vowed to make the US the center of the digital asset industry, and Bitcoin's up ninety three percent this year, much better than Equit is much better than gold. Bitcoin ets, which were only introduced at the beginning of this year, are surging. Black rocks I share Bitcoin Trust, which would be among the biggest of the lot on Wall Street. It is posting record daily new inflows of almost one point four billion US dollars. According to Bloomberg.

Yes, it's a golden period. The digital asset industry spent and estimated one hundred million US dollars back in crypto friendly candidates across the US during the elections last week. They seem to have already made their money back. Dagecoin a mean crowd favored by Elon Musk. It's also done particularly well. Donald Trump's vowed to make the US the center of the digital asset industry, and Bitcoin's up ninety three percent this year, much better than Equit is much better than gold. Bitcoin ets, which were only introduced at the beginning of this year, are surging. Black rocks I share Bitcoin Trust, which would be among the biggest of the lot on Wall Street. It is posting record daily new inflows of almost one point four billion US dollars. According to Bloomberg.

Sean, it is called a bitcoin rush.

Sean, it is called a bitcoin rush.

It's bitcoin rush, that's what we're going to call it anyway.

It's bitcoin rush, that's what we're going to call it anyway.

Great story. Number three Treasurer Jim Charmers has warned that Australia will suffer from lower economic growth and higher prices because of Donald Trump's policies.

Great story. Number three Treasurer Jim Charmers has warned that Australia will suffer from lower economic growth and higher prices because of Donald Trump's policies.

Australia won't escape the impact of the US China trade war if Donald Trump goes ahead and puts big tariffs on Chinese goods. According to Jim Charmers, he said that a floating exchange rate, which we have in an independent central bank, will mitigate some effects of the trade war locally, and the impact globally will actually be much greater than it is here in Australia. But the fear is that a trade war between the US and China will slow Chinese growth that will lower demand for our goods. Analysis from the Federal Treasury done in the lead up to the US poll suggests a small reduction in growth and additional price pressures. Now, inflation Australia might be coming down, but prices are still considered too high. That's the same sort of complain heard in the US as well, and of the weekend, Health Minister Mark Butler came out and said a lesson for labor out of the US election is that voters want to see their governments focus on the cost of living.

Australia won't escape the impact of the US China trade war if Donald Trump goes ahead and puts big tariffs on Chinese goods. According to Jim Charmers, he said that a floating exchange rate, which we have in an independent central bank, will mitigate some effects of the trade war locally, and the impact globally will actually be much greater than it is here in Australia. But the fear is that a trade war between the US and China will slow Chinese growth that will lower demand for our goods. Analysis from the Federal Treasury done in the lead up to the US poll suggests a small reduction in growth and additional price pressures. Now, inflation Australia might be coming down, but prices are still considered too high. That's the same sort of complain heard in the US as well, and of the weekend, Health Minister Mark Butler came out and said a lesson for labor out of the US election is that voters want to see their governments focus on the cost of living.

Sean Stey number four, the owner of Dan Murphy's and BWS liquor stores, has warned profits will be lower in the final six months of this year with promotional offerings hitting their margins.

Sean Stey number four, the owner of Dan Murphy's and BWS liquor stores, has warned profits will be lower in the final six months of this year with promotional offerings hitting their margins.

And Devid Group bones seventeen hundred and twenty five stores. It warned profits are lower as increasing promotions to law in customers are biting into margins. Also consumer spending this week and Devon's also suffering from some higher costs. Outgoing chief executive Steve Dona who says it's a challenge to record sales growth in this current three months. Endeavor's share price FORLL five percent yesterday. It's downd fourteen percent for this year. Endeavor owns bottle shops, plus pubs and hotels around the country. It was spun out of Woolies back in twenty twenty five. The good years from yesterday, I suppose pubs are looking AKA. Christmas bookings are already at fifty four percent of capacity.

And Devid Group bones seventeen hundred and twenty five stores. It warned profits are lower as increasing promotions to law in customers are biting into margins. Also consumer spending this week and Devon's also suffering from some higher costs. Outgoing chief executive Steve Dona who says it's a challenge to record sales growth in this current three months. Endeavor's share price FORLL five percent yesterday. It's downd fourteen percent for this year. Endeavor owns bottle shops, plus pubs and hotels around the country. It was spun out of Woolies back in twenty twenty five. The good years from yesterday, I suppose pubs are looking AKA. Christmas bookings are already at fifty four percent of capacity.

Sean Stey number five. Bhutan, the Himalayan kingdom that brought the world the concept of gross national happiness, is set to build a mindfulness city.

Sean Stey number five. Bhutan, the Himalayan kingdom that brought the world the concept of gross national happiness, is set to build a mindfulness city.

The Galifu Mindfulness City will line a special administrative region with separate rules and laws that will aim to be an economic coral linking South Asia and Southeast Asia. According to officials, ROYT has listed what's going to be in this mindfulness city Promotion of walking and cycling to reduce emissions, green spaces for meditation and relaxation, mindfulness based education, public community activities, healthcare and wellness centers and ecotourism. I'd like to visit it.

The Galifu Mindfulness City will line a special administrative region with separate rules and laws that will aim to be an economic coral linking South Asia and Southeast Asia. According to officials, ROYT has listed what's going to be in this mindfulness city Promotion of walking and cycling to reduce emissions, green spaces for meditation and relaxation, mindfulness based education, public community activities, healthcare and wellness centers and ecotourism. I'd like to visit it.

Me too, Sean. That's it the top five business stories you need to know in just five minutes. Thank you, Sean, Thank you very much. Adam, it's Tuesday, the twelfth of November twenty twenty four. Remember to hit follow on the podcast and if five minutes isn't enough, then find our longer podcast called Fear and Greed on your favorite podcast platform. I'm Adam Lang and that was the fast by by Fear and Greed. Have a great day.

Me too, Sean. That's it the top five business stories you need to know in just five minutes. Thank you, Sean, Thank you very much. Adam, it's Tuesday, the twelfth of November twenty twenty four. Remember to hit follow on the podcast and if five minutes isn't enough, then find our longer podcast called Fear and Greed on your favorite podcast platform. I'm Adam Lang and that was the fast by by Fear and Greed. Have a great day.