Business News

5 things you need to know today

1. Tributes have poured in for former Prime Minister Bob Hawke after his wife Blanche d'Alpuget confirmed he had passed away in a statement last night. "Today we lost Bob Hawke, a great Australian - many would say the greatest Australian of the post-war era," she said.

2. Labor remains ahead in the two-party-preferred vote 51% to 49% according to the latest Ipsos poll published by the AFR. 30% of those surveyed had already cast their vote or intended to before election day.

3. Prime Minister Scott Morrison said it is "not the time for a weaker economy" and "not the time for policies and an experiment that puts our economy under unnecessary pressure" in a speech at the National Press Club yesterday. Meanwhile in Bill Shorten's final speech of the campaign, he said that "the door to a better, bolder, and more equal and exciting future stands ajar".

4. Wall Street’s three benchmark indexes all rose for the third consecutive day. The Dow Jones rose 0.84% to 25,862.68, the S&P 500 closed 0.89% higher to 2,876.32 and the Nasdaq gained 0.97% to 7,898.05.

5. Theresa May has agreed to set a timetable for her departure as Prime Minister following the next Brexit vote in early June. May will reportedly resign if her Brexit deal is rejected for a fourth time.

Published on: Friday, May 17, 2019

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