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ASX to rise after Wall Street hits new record highs

Jessica Yun
·3-min read
US President Donald Trump speaks during the Operation Warp Speed Vaccine Summit in the Eisenhower Executive Office Building adjacent to the White House in Washington, DC on December 8, 2020. - US President Donald Trump on Tuesday signed an executive order "to ensure that American citizens have first priority to receive American vaccines." It is unclear how the order would be enforced, as vaccine makers have already inked in deals with other countries. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)
US President Donald Trump. (Photo by SAUL LOEB/AFP via Getty Images)

Good morning.

Here’s Yahoo Finance’s Tuesday morning wrap:

ASX: The Australian share market is set for a positive start to the day after Wall Street rose after incumbent US President Donald Trump signed off the bill for virus relief after days of delay.

Wall Street: The Dow, Nasdaq and the S&P 500 all rose by more than 0.7 per cent after Trump gave approval to Congress’s bipartisan $3 trillion stimulus package.

In fact, all the major US bourses hit intra-day highs as share markets continue its bull run. More on Wall Street here by Yahoo Finance US reporter Emily McCormick.

What else is Trump up to? His administration has appealed a US federal court judge’s order that effectively blocks TikTok from being banned. The US Government cited concerns over national security, arguing that the personal data of US users could be obtained by China's government through TikTok. More here.

JobSeeker and JobKeeper are getting cut on New Year’s Day. Labor is warning the Federal Government not to go ahead with it.

“The government should reconsider it,” Bill Shorten told the Today Show on Tuesday.

“We are not out of the woods yet with this pandemic and the economic effects, they reverberating around the economy, especially in regional towns and suburbs where there is a lot of casual workers who have born the biggest brunt.

“For the less well off, we shouldn't be cutting their circumstances at this point in time.”

Can you answer these tricky job interview questions? They’re very common – but would you know how to answer them? Have a look at what they are, and some expert advice on how to answer them.

$14.5 million: That’s how much is being spent on border biosecurity to keep out the khapra beetle grain pest. The pest is being discovered more and more on international borders lately, and Agriculture Minister David Littleproud says an outbreak in Australia could cost more than $15.5 billion over 20 years.

What’s going on with Brexit? That’s a question I’ve been asked a few times in the last few days. We’ve got a full-scale explainer coming for you later today, but in the meantime, European Union nations have unanimously signed off on the trade deal with the UK.

But it’s a bumpy road ahead. The British government has warned businesses to prepare for disruptions and "bumpy moments" when the new rules take effect on Thursday night (local time) – New Year’s Day.

“I'm sure there will be bumpy moments but we are there in order to try to do everything we can to smooth the path,” Michael Gove, the British Cabinet minister in charge of Brexit preparations, told the BBC.

–with AAP

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