1. Victoria's construction industry shut down for two weeks

The Victorian state government has ordered a shut down of construction in metropolitan Melbourne as well as the City of Ballarat, the City of Greater Geelong, Surf Coast Shire and Mitchell Shire after at least 500 people attended violent protests outside the headquarters of the CFMEU yesterday. "The immediate shut down action is being taken to reduce movement, minimise transmission and allow for the entire industry to appropriately adapt to the Chief Health Officer Directions, including increasing vaccination rates," the government said in a statement.

2. European Union calls Australia's treatment of France "not acceptable"

Following the cancellation of Australia's $90 billion submarine deal with France last week, European Commission President Ursula von der Leyen commented that "one of our member states has been treated in a way that is not acceptable, so we want to know what happened and why". On the negotiations for a free trade agreement between Australia and the EU scheduled for next month, a European Commission spokesperson said it was "analysing the impact of the AUKUS announcement and what this impact would be on this schedule".

3. Premiers lose support for handling of pandemic

56% of voters surveyed in a recent Newspoll by The Australian said NSW premier Gladys Berejiklian was handling the pandemic well compared to a peak of 79% in June last year. 63% said Victorian premier Daniel Andrews was managing the pandemic well, down from a high of 85% in April 2020, while 67% showed support for Queensland premier Annastacia Palaszczuk's handling compared to a peak of 81% in July 2020.

4. Two thirds of millionaires worried about leaving too much inheritance

67% of high net worth individuals are concerned about leaving too much money to their kids according to a survey by The Motley Fool. 59% of the millionaires surveyed said they were worried about money and assets being used irresponsibly.

5. S&P 500 falls 1.7% on Monday

The S&P 500 closed 75.26 points or 1.70% lower to 4,357.73 at the start of the trading week in the US, while the Dow Jones fell 614.41 points or 1.78% to 33,970.47 and the Nasdaq lost 330.06 points or 2.19% to 14,713.90.