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5 things you need to know today

1. Ahead of the Victorian state election next month, current Premier Daniel Andrews is set to benefit from leadership instability at the federal level according to a Newspoll in The Australian, with 45% of those surveyed believing Andrews would be a better premier than Liberal candidate Matthew Guy, who received 29% of the vote.

2. Trade war tensions continue to hit Wall Street, with the Dow Jones falling 0.99% overnight and the S&P 500 down 0.66%, while the Nasdaq took the biggest hit due to drops in major tech stocks like Netflix and Amazon, which saw the index drop 1.6%. 

3. A Lion Air plane carrying 189 passengers that crashed near Jakarta yesterday had flown for two to three minutes before the pilot sent a Mayday call to return to base. The flight crashed 13 minutes into the flight, with officials stating there is little hope of finding survivors.

4. Angela Merkel has announced she will not seek to be re-elected as the head of Germany's Christian Democratic Union in December, and would stand down as chancellor when the current legislative term ends in 2021.

5. Liberal Party politicians have collectively spent more than $9,000 to buy over 600 copies of a book compiling radio speeches made by former prime minister Robert Menzies according to The Sydney Morning Herald. The book, which is published by Liberal Party think tank the Menzies Research Centre, is also available online for free.

Published on: Tuesday, October 30, 2018

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