Gunman fires at Trump dinner; boom city in housing market; ETFs gain young friends
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What is the main topic discussed in this episode?
Welcome to Fear and Greed, business news you can use today.
What happened during the apparent attempt on Donald Trump's life?
An apparent attempt on Donald Trump's life and the collapse of peace talks with Iran will pressure financial markets with oil prices surging. There's a new boom capital city in the housing market and young investors turn to exchange traded funds. Plus, the peak business body calls for more means testing on some government services and dire predictions for the next Australian wheat crop. It is Monday, the 27th of April, 2026.
How will the attempt on Trump's life affect financial markets?
I'm Michael Thompson and Good morning, Sean Aylmer. Good morning, Michael. Sean, the main story this morning, financial markets will open today on edge after an apparent attempt on President Donald Trump's life at a dinner in Washington and with the Strait of Hormuz closed after the failure of peace talks to make any headway between the US and Iran, starting with the attempt on the president's life. Donald Trump, his wife Melania, and other top administration officials were rushed out of the annual dinner of the White House Correspondents, which is a big event on the Washington calendar, after a man attempted to storm through the lobby of the Washington Hilton Hotel where the dinner was being held.
He absolutely raced through there, having seen the security footage of it. This was all over in a matter of seconds. It was extraordinary.
It sure was. The suspected shooter exchanged gunfire with Secret Service agents before being subdued. He's currently in hospital. Neither Trump nor any senior administration official were injured, fortunately, though a Secret Service agent was reportedly shot in his bulletproof vest.
What is the significance of the new boom city in the housing market?
At a press conference afterwards, Trump called on all Americans to recommit to solving differences peacefully. Trump called the 31-year-old man from California, who allegedly fired the gunshots, A very sick person was the way he put it. But as you say, it's worth looking at the video because it was just moments.
Oh, yeah.
Why are young investors increasingly turning to exchange-traded funds?
Yeah. And really quite frightening because he was allegedly armed with both guns and knives as well. Fortunately, as you mentioned, no one was seriously injured and the man was arrested. But this kind of thing has an effect and it will spook financial markets, which are already ill at ease on the back of failed peace talks and higher oil prices.
That's right. Ahead of the shooting, Trump had cancelled a planned trip to Pakistan by his top envoys for negotiations with Iran. The president told his son-in-law, Jared Kushner, and special envoy Steve Witkoff to skip the trip, saying too much time had been wasted traveling and there was too much infighting with Iran's leadership. Also, a separate ceasefire between Israel and Hezbollah appears to be breaking down with skirmishes reported over the weekend.
What are the implications of means testing on government services?
Now, ahead of the breakdown in talks, the price of Brent had pushed back above $105 a barrel. That could well go higher after the weekend's events. Wall Street is close to a record high, but that is looking a bit wobbly also. There is so much uncertainty in the markets right now, Michael. Yeah.
And that's the case that they are now heading into this week, coming out of an uncertain week and now heading into yet another week of uncertainty, which surely kind of has a cumulative effect almost.
Yeah, I mean, I think so. While most bosses were actually up over last week, the ASX closed down nearly 2% on concerns about Australia's vulnerability to an extended closure of the Strait of Hormuz, which now looks likely.
What dire predictions exist for the next Australian wheat crop?
Also, we had a bunch of profit downgrades. Remember that last week? Health, financials?
How is the international airline industry responding to rising fuel prices?
mining companies led the way lower there. Global bond yields rose on concerns about higher inflation flowing from the continuing high level of oil enhanced fuel prices. Having said that, Aussie bond yields were actually slightly lower last week, but just park that. Most economists do expect a rate hike when the Reserve Bank meets next month. On a positive note, the US March quarter earnings season is underway, still early days. About a quarter of the S&P 500 companies have reported so far, but the results have actually been pretty strong.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:06–0:09
2
What happened during the apparent attempt on Donald Trump's life?
0:09–0:34
3
How will the attempt on Trump's life affect financial markets?
0:34–1:41
4
What is the significance of the new boom city in the housing market?
1:41–2:00
5
Why are young investors increasingly turning to exchange-traded funds?
2:00–2:43
6
What are the implications of means testing on government services?
2:43–3:24
7
What dire predictions exist for the next Australian wheat crop?
3:24–3:27
8
How is the international airline industry responding to rising fuel prices?
3:27–13:33
Speakers
2 identifiedMore from FEAR & GREED | Business News
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