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ABC News
44 minutes ago
- ABC News
Live updates: Australian share market to rise, Wall Street ends lower as investors sell tech
Australian shares are likely to open higher, while the Nasdaq and S&P 500 have fallen as investors have sold tech stocks and moved into less highly valued sectors. Meanwhile, the market awaited remarks from Federal Reserve officials at their Jackson Hole symposium on Friday for any clues on the economic outlook and monetary policy. We will bring you the latest on what's happening on the markets throughout the day in our live blog. Disclaimer: this blog is not intended as investment advice.

Sydney Morning Herald
an hour ago
- Sydney Morning Herald
Australia news LIVE: Israel calls on 60,000 reservists for full Gaza offensive; Tax reform to be discussed on final day of roundtable
Latest posts Latest posts 6.53am Macron responds as Israel readies Gaza assault By David Crowe French President Emmanuel Macron has hit back at a furious attack from Israeli Prime Minister Benjamin Netanyahu over a decision to recognise a Palestinian state, deepening a dispute with parallels to an argument between Israel and Australia. Macron accused Netanyahu of a 'manipulation' of the facts in the Israeli leader's claim this week that the French president had fuelled antisemitism with his decision on Palestinian statehood. The assertive response followed a blistering letter from Netanyahu to Macron last Sunday, released to the media, that blamed the French president for the 'appeasement' of Hamas and suggested that history would not forgive him. 'Antisemitism is a cancer. It spreads when leaders stay silent. It retreats when leaders ac,' Netanyahu said to Macron. 6.49am Trump urges Federal Reserve governor to quit President Donald Trump called on Federal Reserve governor Lisa Cook to resign after a staunch ally called for an investigation of the board member's mortgages, intensifying his campaign on the central bank. Federal Housing Finance Agency Director Bill Pulte urged Attorney General Pam Bondi to investigate Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. Cook was nominated to the Fed by former President Joe Biden. Trump said Wednesday that Cook 'must resign now,' citing Pulte's allegations, while the FHFA head posted on social media that the accusations give Trump 'cause to fire' her. Bloomberg, AP 6.43am What's making news today By Daniel Lo Surdo Hello and welcome to the national news blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: Israel has announced the first steps to take over Gaza City after calling up 60,000 military reservists to support the expanded operation. The new phase of operations is expected to occur in some of Gaza's most densely populated areas, and comes after French President Emmanuel Macron hit back at Benjamin Netanyahu following the Israeli leader's claim that Macron had fuelled antisemitism by announcing France's imminent recognition of Palestine. Treasurer Jim Chalmers' economic reform roundtable will enter its final day this morning, after a group of government, business and union leaders discussed tangible measures to improve Australia's lagging productivity levels on Wednesday. Today's discussions will focus on improving budget sustainability and tax reform, with Chalmers expected to deliver his closing remarks this afternoon. Health Minister Mark Butler has defended his plan to divert children with autism or developmental delay from the National Disability Insurance Scheme from mid-2027, insisting that these children won't be left out as they're enrolled in a new 'Thriving Kids' support scheme. Butler announced the changes in a National Press Club address on Wednesday as part of measures to rein in NDIS spending.

The Age
an hour ago
- The Age
Australia news LIVE: Israel calls on 60,000 reservists for full Gaza offensive; Tax reform to be discussed on final day of roundtable
Latest posts Latest posts 6.53am Macron responds as Israel readies Gaza assault By David Crowe French President Emmanuel Macron has hit back at a furious attack from Israeli Prime Minister Benjamin Netanyahu over a decision to recognise a Palestinian state, deepening a dispute with parallels to an argument between Israel and Australia. Macron accused Netanyahu of a 'manipulation' of the facts in the Israeli leader's claim this week that the French president had fuelled antisemitism with his decision on Palestinian statehood. The assertive response followed a blistering letter from Netanyahu to Macron last Sunday, released to the media, that blamed the French president for the 'appeasement' of Hamas and suggested that history would not forgive him. 'Antisemitism is a cancer. It spreads when leaders stay silent. It retreats when leaders ac,' Netanyahu said to Macron. 6.49am Trump urges Federal Reserve governor to quit President Donald Trump called on Federal Reserve governor Lisa Cook to resign after a staunch ally called for an investigation of the board member's mortgages, intensifying his campaign on the central bank. Federal Housing Finance Agency Director Bill Pulte urged Attorney General Pam Bondi to investigate Cook over a pair of mortgages, the latest in a series of moves by the Trump administration to increase legal scrutiny of Democratic figures and appointees. Cook was nominated to the Fed by former President Joe Biden. Trump said Wednesday that Cook 'must resign now,' citing Pulte's allegations, while the FHFA head posted on social media that the accusations give Trump 'cause to fire' her. Bloomberg, AP 6.43am What's making news today By Daniel Lo Surdo Hello and welcome to the national news blog. My name is Daniel Lo Surdo, and I'll be helming our live coverage this morning. Here's what is making news today: Israel has announced the first steps to take over Gaza City after calling up 60,000 military reservists to support the expanded operation. The new phase of operations is expected to occur in some of Gaza's most densely populated areas, and comes after French President Emmanuel Macron hit back at Benjamin Netanyahu following the Israeli leader's claim that Macron had fuelled antisemitism by announcing France's imminent recognition of Palestine. Treasurer Jim Chalmers' economic reform roundtable will enter its final day this morning, after a group of government, business and union leaders discussed tangible measures to improve Australia's lagging productivity levels on Wednesday. Today's discussions will focus on improving budget sustainability and tax reform, with Chalmers expected to deliver his closing remarks this afternoon. Health Minister Mark Butler has defended his plan to divert children with autism or developmental delay from the National Disability Insurance Scheme from mid-2027, insisting that these children won't be left out as they're enrolled in a new 'Thriving Kids' support scheme. Butler announced the changes in a National Press Club address on Wednesday as part of measures to rein in NDIS spending.