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ASX down, wages to rise and 6 other things to start your day

A composite image of Australian $100 notes rolled up, people walking on a busy street and the ASX board showing company price changes.
The ASX is expected to slide this morning but Aussies can expect a pay rise down the road. (Source: Getty)

ASX: The local share market is expected to slip this morning after a choppy US session over the weekend.

Cost of living: The Australian Bureau of Statistics will release the next monthly read on key inflation data on Wednesday.

The Reserve Bank will be watching the release closely as it weighs up yet another interest rate hike next week.

Wages: Workers will be the big winners of Labor’s signature industrial relations laws, which are a step closer to passing Parliament.

Prime Minister Anthony Albanese said support for the bill meant stagnant wages should rise.

Financial woes: A perfect storm of worker shortages and economic uncertainty has threatened the disability sector as providers predict large financial losses.

Advocates have warned that, if nothing is done, the sector will not be able to provide people living with disability the services they need.

Climate impact: Flooding, cyclones and even a Japanese encephalitis outbreak are among the risks facing Aussies this summer according to a new report from the Climate Council.

The report said Aussies should prepare for a rise in “unnatural disasters” and said the country’s disaster planning had not been fit for purpose.

The Climate Council and Emergency Leaders for Climate Action have called for a big boost in resilience funding, an end to fossil fuel subsidies and a national disaster strategy.

Wrapping up: The inquest into fraudster Melissa Caddick’s disappearance is entering its final days.

Caddick defrauded family and friends of between $20 million and $30 million in a Ponzi scheme before vanishing hours after authorities raided her home in Sydney's eastern suburbs.

New hires: More than 1,000 NSW final-year medical students will work in hospitals in paid positions to help reduce staffing pressures.

Premier Dominic Perrottet said the initiative was introduced in 2020 as a temporary measure during the pandemic but it was so successful, it made sense for it to continue.

Best games: From grueling games that will test your will to playing cosy games that’ll make you feel like you’re wrapped in your favourite blanket, 2022 gave us a wide array of titles for every type of player out there.

Here’s the (unofficial) list of the best video games from 2022.

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