Dutton's Coalition to target cost of living ‘first and foremost'
Shadow Finance Minister Jane Hume says the cost of living is the 'number one issue' for ordinary Australians.
This comes as from Donald Trump to Welcome to Countries – Anthony Albanese and Peter Dutton traded barbs at the fourth and final debate.
'Australians have felt the pinch; that's the issue that a Peter Dutton-led Coalition government will first and foremost deliver on,' Ms Hume told Sky News Australia.
'By delivering a 25 per cent cut in the cost of petrol immediately and then a $1,200 tax-back package at the end of the next financial year so that we can help Australians pay their bills.'
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ABC News
4 minutes ago
- ABC News
Albanese should forget Trump's tariff war and prepare for a tax assault
If there was anything remarkable about the explosive split between Elon Musk and Donald Trump, it was that it took five months since the presidential inauguration. First, the uncomfortable scenes in the Oval Office as Musk stood behind the president while son X mocked Trump on camera, an unsubtle hint that Musk saw himself as the presidential puppeteer. Then followed the increasingly unhinged behaviour of the world's richest man, chainsaw held aloft, and his ultimate failure to deliver on the promised savings of his Department of Government Efficiency rampage. And then there was the brutal backlash from consumers for his Tesla cars, all of which pointed to an inevitable demise in the relationship. The sensational personal attacks last week, culminating in Musk highlighting the president's former relationship with the disgraced Jeffrey Epstein, attracted most of the headlines. But the damage to the Trump administration and America's reputation runs far deeper. 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The Age
10 minutes ago
- The Age
ASX set to rise, Wall Street boosted by US-China talks; $A stronger
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Sydney Morning Herald
13 minutes ago
- Sydney Morning Herald
ASX set to rise, Wall Street boosted by US-China talks; $A stronger
US stocks are drifting closer to their records as the world's two largest economies begin talks on trade that could help avoid a recession. The S&P 500 was 0.3 per cent higher in late trading. The Dow Jones was up 93 points, or 0.2 per cent, with an hour remaining in trading, and the Nasdaq composite was 0.5 per cent higher. The Australian sharemarket is set to advance, with futures at 5am AEST pointing to a gain of 16 points, or 0.2 per cent, at the open. The ASX was closed on Monday for the King's birthday public holiday. The Australian dollar strengthened. It was 0.3 per cent higher at 65.25 US cents at 5.13am AEST. Officials from the United States and China are meeting in London to talk about a range of different disputes that are separating them. The hope is that they can eventually reach a deal that will lower each's punishing level of tariffs against the other, which are currently on pause, so that the flow of everything from tiny tech gadgets to enormous machinery can continue. Hopes that President Donald Trump will lower his tariffs after reaching such trade deals with countries around the world have been among the main reasons the S&P 500 has rallied so furiously since dropping roughly 20 per cent from its record two months ago. It's back within 2 per cent of its all-time high, which was set in February, and it's higher than it was before Trump shocked financial markets in April with his wide-ranging tariff announcement on what he called 'Liberation Day.' This may be the shortest sell-off following a shock of heightened volatility on record, according to Parag Thatte, Binky Chadha and other strategists at Deutsche Bank. Typically, stocks take around two months to bottom following a spike in volatility and then another four to five months to recover their losses. This time around, stocks have basically made a round trip in less than two months. But nothing is assured, of course, and that helped keep trading relatively quiet on Wall Street Monday. Loading Some of the market's biggest moves came from the announcement of big buyout deals. Qualcomm rallied 4.4 per cent after saying it agreed to buy Alphawave Semi in a deal valued at $2.4 billion. IonQ, meanwhile, rose 1.6 per cent after the quantum computing and networking company said it agreed to purchase Oxford Ionics for nearly $1.08 billion.
