Is the original footage actually from channel 7 news in the first clip. If it's from a news camera would there be that much movement in it, and news outlets are known from time to time to discuss UFO's caught on camera. I can't see them passing up on an opportunity to report a UFO if they actually caught the original footage...
Almost definitely a reflection from the building below it - but why just that reflection, and how does it appear to move when the focus doesn't seem to be changing?
He's a fraud: