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ASX to rise and Woolworths giving away free coffee machines

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SYDNEY, AUSTRALIA - AUGUST 17: A woman in a surgical mask walks past the entrance to the Woolworths Metro supermarket in North Strathfield on August 17, 2020 in Sydney, Australia. New South Wales remains on high alert as new COVID-19 cases continue to be diagnosed. Customers of the Supermarket are being urged to watch for symptoms after a person who has tested positive for COVID-19 case visited the store over the weekend. The state recorded seven new cases of COVID-19 in the last 24 hours with six locally-acquired and one in hotel quarantine. (Photo by Brook Mitchell/Getty Images)
Woolworths is giving away free coffee machines. (Photo by Brook Mitchell/Getty Images)

Good morning.

Here’s Yahoo Finance’s Tuesday morning wrap.

ASX: The ASX is expected to open higher after another major night on Wall Street. The ASX finished 0.7 per cent lower on Wednesday.

Wall Street: US stocks surged overnight leading the S&P500 to its fourth record high in a row with Netflix enjoying its best day in more than three years, gaining 11.6 per cent.

The Dow Jones Industrial Average rose 83.48 points, or 0.3 per cent, to 28,331.92, the S&P 500 gained 35.11 points, or 1.02 per cent, to 3,478.73 and the Nasdaq Composite added 198.59 points, or 1.73 per cent, to 11,665.06.

Logo woes: The Aussie trade logo is meant to look like golden wattle but the design has many concerned it looks too similar to a coronavirus cell, with the design now set to be reworked.

The offending logo.
The offending logo.

Trade Minister Simon Birmingham said the design was not yet finalised.

Up-skill: Australians are busy learning new skills, with many taking the forced home-time to find a new source of income or develop their professional toolset. But most Australians learning something new aren’t doing it for their career - they’re doing it for fun. Here’s the story.

Business confidence: Economists are waiting on new figures which will show whether a staggering collapse in business confidence led to a similar downturn in investment. The data will confirm whether Australia is suffering its first recession in almost 30 years.

Adani: Mining company Adani is taking a protestor to court, claiming the former Greens lord mayoral candidate Benjamin Pennigns helped orchestrate an “infiltration campaign” which saw people apply for jobs at the mega-mining company before leaking information.

Foreign investment: Victoria’s Belt and Road trade deal with Beijing could be scrapped as the Coalition Government pushes for new powers allowing the Foreign Minister to veto foreign agreements.

Under that plan, the Foreign Minister would regulate agreements between state and territory governments, local councils and universities made with other countries.

"Australia's foreign policies and relationships must always be set to serve Australia's interests," Prime Minister Scott Morrison said in a statement.

Free coffee machine: And Woolworths is giving away free $99 coffee machines. To pick up the freebie, shoppers need to buy six packs of Lavazza coffee capsules, with the promotion featured in Woolworths’ latest catalogue.

Have a great day.

With AAP.

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