ASX to dive as NSW Premier puts Nationals on notice

Good morning.

Here’s Yahoo Finance’s Friday morning wrap.

It’s been a tumultuous week for the Australian share market, and today is no different.

The ASX is expected to open lower, with the SPI200 Futures index down 79 points to 5,830 points, indicating a rough start for the local bourse.

In the US, Wall Street closed lower as tech heavyweights continued their downward spiral despite sharp rebounds on Wednesday.

The Dow Jones fell 1.45 per cent to 27,534.58, the S&P 500 lost 1.76 per cent, to 3,339.19 and the Nasdaq dropped 1.99 per cent to 10,919.59.

Berejiklian puts Nationals on notice: NSW Premier Gladys Berejiklian issued an ultimatum to Deputy Premier John Barilaro and his nationals colleagues on Thursday, after they threatened to mutiny because of a dispute over the state's koala protection policy.

The NSW Premier gave the nationals a 9am deadline to backflip on their threat, or face being sacked. It seems Barilaro and his colleagues have since changed their tune.

Work from...Bermuda? Life in Bermuda has largely returned to normal after a strict lockdown at the start of the Covid-19 outbreak. What hasn’t returned to normal is its tourism.

Now, the self-governing territory is asking people to move there, swapping sky-rises for ocean views. Here’s what they’ve offered.

Cha-ching: With tax time in full swing, millions of Australians are currently in the process of preparing their tax return. But the question is, are you claiming everything you’re entitled to?

Here’s a comprehensive list of the things you may be able to claim (plus a few things you can’t claim).

Hidden cost of Ooshies: For the uninitiated, Ooshies are small figurines presented as ‘collectables’. Woolworths are offering one for every $30 you spend, individually wrapped in clever packaging that’s easy to tear open but impossible to guess what’s inside.

While $30 seems like a fair price to pay, here’s what Ooshies season is really costing you.

$3,000: Switching banks sounds tough and time consuming, but now there’s a $3,000 reason to do it, new data shows.

Here’s how Aussie customers of neobank 86 400 saved $3,000 in one year.

US$500 billion block: Democrats in the US Senate have blocked a Republican-proposed aid bill worth about $US500 billion ($A686 billion) to help cushion the economic blow from the coronavirus.

Speaker of the House and top Democrat, Nancy Pelosi, said the bill was “emaciated”, saying she would hold out for more aid.

History is made: For the first time in its history, major Wall Street bank Citigroup will have a female CEO.

Current chief Micahel Corbat will retire after 37 years with the bank, and his successor will be Jane Fraser, the current CEO of Citi’s consumer banking business and a consumer lending veteran.

Have a great day.

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