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10 things you need to know this morning in Australia

Sunday, 1 May 2016

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10 things you need to know this morning in Australia

The biggest week of the year, starting with a likely rates cut. The laptop that will replace your MacBook and iPad. And why Obama will be remembered as "the funny president".
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WESTPAC WHIFFS IT: Bad loans behind first half profit miss

Westpac posted a 3% rise in first half cash profit to $3.904 billion, below analyst expectations. The bank had been expected to post a cash profit of $4.1 billion, up from $3.6 billion, according to Bloomberg consensus estimates.
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6 things Australian traders will be talking about this morning

Stocks ended the week in the red on Friday after the US data flow printed on the negative side of the ledger. 
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Donald Trump has pivoted -- it's just not the pivot you were looking for

It's been one of the top political conversations of the last two weeks. Is Donald Trump "pivoting" or not? Paul Manafort, Trump's new top campaign aide, sort of say "yes".
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MACQUARIE: China's $1 trillion in bad debt puts it at risk of a financial crisis

The amount of debt being carried in the Chinese economy -- mostly by state-owned "zombie" companies -- is now so high that it could lead to a financial crisis, according to Macquarie analyst Viktor Shvets and his team. 
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TOP GONG: NSW remains the best performing economy in Australia according to Commsec

New South Wales remained Australia's top performing state in Commsec's latest State of the States report, narrowly taking the top gong from Victoria which came in number two in the first quarter of 2016.
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We tried Lululemon's 'anti-ball-crushing pants' to see if they lived up to their name

The go-to brand for women's yoga and fitness wear also offers menswear, including the ABC, or anti-ball crushing pants.
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Google made a huge change to the way Google Maps look

Google has cut the number of cities it shows in Google Maps by up to 83%, while vastly increasing the number of roads it shows on the maps. 

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