Equities took a hit as Caterpillar, a bellwether stock, missed its quarterly forecast, showing that the tariff war isn’t just hitting the Chinese economy. Phil Dobbie talks to NAB’s Tapas Strickland about the market reaction, the end of the US government shutdown (for now) and a busy day for Brexit, as Theresa May’s bill is debated again, with amendments from the House. They also discuss whether the Fed will slow down the pace of the wind-back on its balance sheet and what to expect in the NAB Business Survey this morning.
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Trump’s blanket ban on Iranian oil
Oil spikes on Trump’s end to waivers for Iranian oil, plus continued weakness in Europe, and the fate of Aussie inflation. I talk to NAB’s Ray Attrill on the Morning Call today.
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A Darker Shade of Beige
A pessimistic outlook in the Fed Beige Book, fears of another government shutdown, stocks down on trade fears – on today’s Morning Call podcast NAB’s David de Garis talks about the new normal.
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Facts on the iiNet AFACT case
The Australian Federation Against Copyright Theft (AFACT) has delivered hundreds of IP addresses to iiNet of account users it believes have illegally downloaded movies.
