Australia Markets closed

Yahoo Finance's Friday morning wrap

Dig in! Image: Getty

Good morning.

Here’s everything you need to know in finance today.

Stocks: The ASX is expected to open higher on Friday despite a flat day on Wall Street. The Dow Jones Industrial Average finished 0.09 per cent lower, while the S&P 500 was up 0.01 per cent and the Nasdaq Composite was down 0.12 per cent. 

Jack Ma: Alibaba co-founder Jack Ma has called for delicacy from leaders negotiating the US-China trade tension, warning that a mis-step could see the “turbulence” continue for another 20 years. 

"We have to be very, very careful," Ma said. "We have to solve problems, we should not create more problems.”

NDIS: Australians have lost faith in a clunky National Disability Insurance Scheme, the minister for the scheme Stuart Robert has conceded. 

“Unfortunately, I have ... heard the NDIS is not always living up to high expectations,” Robert said.

Labour market: Australia’s labour market is sick, independent economist Stephen Koukoulas has argued, noting that wages growth has dropped while unemployment and underemployment has risen. 

Billionaire tears: US presidential candidate has taken her dispute with America’s billionaires to a new level, now selling “billionaire tears” mugs on her campaign website. 

Dig in! And a restaurant booking platform will now reward diners with points every time they eat out, meaning the more you dine out, the more you get back. 

Have a great day.

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