Yahoo Finance Yahoo Finance morning wrap for Friday
Good morning.
Here’s everything you need to know in finance in Australia and beyond to round off your week.
ASX: The Australian share market is expected to open higher after a positive lead from Wall Street.
Wall Street finished higher, with the Dow Jones Industrial Average up 0.39 per cent, the S&P 500 up 0.41 per cent and the tech-heavy Nasdaq Composite up 0.57 per cent.
The Aussie dollar is buying 69.15 US cents from 69.09 US cents on Thursday.
Eyeing the local bourse? Here are five things you should watch out for on the ASX200 today.
When are we getting those promised tax cuts? Finance Minister Mathias Cormann is putting pressure on Labor to support the coalition's tax plan, after again warning against any attempt to split the package.
The Senator has been negotiating with the Senate crossbench over the 10-year income tax relief plan and appears to now be pressuring Labor to back its plan.
There are no signs that CFMEU Victorian secretary John Setka will quit. The union boss rejected ACTU secretary Sally McManus' call for him to resign, after he got the backing of the construction arms of the Victorian and NSW branches.
As I said in my press conference yesterday, I will not be stepping down as secretary of the CFMEU.
— John Setka (@CFMEUJohnSetka) June 13, 2019
The nation is celebrating Bob Hawke’s life in a state memorial service held on the steps of Sydney Opera House that will be broadcast from 11:30am. People from all sides of the political spectrum are sharing memories of the larrikin former prime minister.
US President Donald Trump’s White House press secretary Sarah Huckabee Sanders is leaving her job at the end of the month.
....She is a very special person with extraordinary talents, who has done an incredible job! I hope she decides to run for Governor of Arkansas - she would be fantastic. Sarah, thank you for a job well done!
— Donald J. Trump (@realDonaldTrump) June 13, 2019
Sanders is one of the president's closest and most trusted White House aides, and one of the few remaining who worked on his campaign.
Banking watchdog APRA is slapping compliance orders on AMP Super amid continued concerns over the company's management in the wake of the financial services royal commission.
"Areas identified for improvement include conflicts of interest management, governance and risk management practices, breach remediation processes, addressing poor risk culture and strengthening accountability mechanisms," the Australian Prudential Regulation Authority said in a release.
ICYMI
Adani’s Carmichael coal mine has been approved. Not up to date? Yahoo Finance has prepared a run-down of everything you need to know about it.
Something called single touch payroll reporting will become mandatory for most small businesses from 1 July... But more than half of small businesses don’t know what it is. That’s a problem.
Here’s everything you need to know about it, and how you can make the transition easier for your staff.
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