Peter Switzer from the Switzer Report has told Sky News key economic data has been relatively weak, and is having a mixed effect on markets.
Mr Switzer said US investors were sweating the release of a jobs report just a day after recession fears ricocheted through global markets. An estimated $70 billion in value was wiped from the value of Australian shares over just two trading sessions on Thursday. But he said a positive session on Wall Street overnight could see the ASX open higher on Friday.
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Govt failing to lay 'foundations for future economic success' | Sky News AustraliaLabor MP Matt Thistlethwaite says Federal Labor MPs have “spent the last few months out consulting with the business community at all levels”.\n\nMr Thistlethwaite told Sky News there was a lot of frustration in the business community due to “the lack of an economic plan'. \n\nHe said the government failed to 'look at productivity and innovation and lay the foundations for future economic success'. \n\n“Labor is responding to those concerns through its approach to economic management… because you’re just not getting that from the current government at the moment” he said. \n\nThe Labor MP said he was heartened by the feedback received from local businesses about Labor’s willingness to listen.\n\nImage: News Corp Australia MThistlethwaite MThistlethwaite Is this guy for real? What a short memory Labor have they were ready to crucify businesses if they had one the election. There idiots. MThistlethwaite oh Matt seriously? Talk about one of politics great under-achievers!
Source: SkyNewsAust - 🏆 7. / 78 Read more »
China marks 70 years of communist rule | Sky News AustraliaA grand military parade has been staged in China to mark 70 years of communist rule in the country.\n\nChinese President Xi Jinping rode an open-top limousine past symmetrical rows of troops and military vehicles, shouting 'hello comrades' as he passed. \n\nThe troops shouted “hello chairman” and turned their heads in unison towards their leader. \n\nImage: AP While so many still live in hunger
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China's military parade a 'significant development' in arms race | Sky News AustraliaDr Malcolm Davis from the Australian Strategic Policy Institute says China would not “put something in a parade unless it’s operationally deployed”.\n\nChina displayed its full military range on Tuesday in an enormous parade celebrating 70 years of Communist Party rule. \n\nThe analyst told Sky News this is the “first time we’ve had a chance to see them up close”, and from an intelligence perspective, “we able to look at their capabilities and what they are emphasizing”.\n\nDr Davis said the parade is “a significant development” because it means China has “an advantage and lead over the United States” in certain areas. \n\nImage: Getty Never heard of disinformation? Half of Australian population are Chinese, china taking over Australia with the liberal mass immigration policy China still living in the 18th and 19th centuries. Expansion into south east Asia is proof that they are a danger to world peace yet we have appeasers because of trade . Money speaks louder than commonsense which the current lot of politicians don’t have.
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'Drug testing welfare recipients will prepare them for the work place' | Sky News AustraliaFamilies and Social Services Minister Anne Ruston says drug testing welfare recipients is “a process to prepare them to become job ready”.\n\nThe Coalition introduced a bill into parliament enabling the drug-testing of 5,000 Newstart and Youth Allowance recipients.\n\nIf passed, a two-year trial will be rolled out in three locations, Canterbury-Bankstown in NSW, Logan in Queensland and Mandurah in Western Australia.\n\nMs Ruston told Sky News 'this is a process of making people be job ready'. \n\n'You’re likely to get drug and alcohol tested in the work place so it seems a reasonable thing to be randomly testing as part of the process to get into that employment,' she said. \n\nImage: News Corp Australia Anne_Ruston As an American, its harder to feel sympathy for the Aussie poor because if nothing else, they won't go bankrupt from medical bills and their money isn't stolen for a Ponzi scheme like it is for our Social Security shit. It goes into the much better designed Superannuation system. Anne_Ruston Lies and sadistic eugenicism Anne_Ruston The minister for wildly offensive generalisations can get in the bin with these comments about raising Newstart... “...probably all it would do is give drug dealers more money and give pubs more money.” RaiseNewstart auspol
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Boris Johnson refuses to deny affair claims | Sky News AustraliaThe British Prime Minister has refused three times to deny outright he had an affair with Jennifer Arcuri - the US businesswoman being investigated for receiving public funds.\n\n In an interview with UK Sky News, Boris Johnson repeatedly failed to deny having a relationship with her while he was married. \n\nImage: AP So why is Boris in the gun for this exactly? Here we go, now trashing the British Prime Minister. Cant, they find real news so they 'go to mind your own business news. Oh for goodness sake Sky News, give it a rest on this one. You're sounding desperate! Do some real reporting instead of making up stories about Boris Johnson. It's getting pathetic now and just damn boring.
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GoPro unveils latest action camera | Sky News AustraliaGoPro has unveiled its latest action camera, the 'Hero 8 Black', bringing the company back on track after a few slow years and intense competition from smartphone companies. \n\nImage: Getty
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