Carrington Clarke

This is a stalemate that is not helping the global economy and it is having an impact here in Australia.

And so those things together, I think, was part of it.

And of course, it's just the fact that, as you say, the Commonwealth Bank has been on a tear, including this only takes us back to what it was about three months ago.

So this is a company that had a lot of optimism built into its share price.

And I think when that optimism was pricked slightly, it meant that it had a long way to fall.

Yeah, it's been fascinating to see how this played out.

And yes, I think the government would have been unhappy that the Commonwealth Bank decided to update the day after the budget, and maybe there'll be a timing issue.

change for future years.

I don't think the Commonwealth Bank thought it was that good an idea either by the end of it.

Yeah, it's been a massive kind of week and a half, hasn't it?

Reserve bank decision, budget, now Commonwealth Bank update.

Fascinating.

Now, that is it for today's episode of ABC Business Daily.

And Dan, we'll be hearing a bit more of you over the next couple of weeks as you jump into the hosting chair while I take a little breather.

Now, remember to never miss an episode.

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If you'd like to send in a question, remember, email abcbusinessdaily at abc.net.au.

Catch you next time, Dan, and enjoy.

All the best.

It's the morning after the big budget release and there's a certain buzz here in Canberra.