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10 things you need to know this morning in Australia

Tuesday, 19 June 2018

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10 things you need to know this morning in Australia

Good morning. Here's your smart, fast start to the day.
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6 things Australian traders will be talking about this morning

Trade tensions between the US and China soaring, and the European Central Bank said it could continue its large-scale stimulus program next year.
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Telstra to cut 8,000 jobs in massive restructure

Telstra has announced plans to cut 8,000 jobs over the next three years, with executives and managers first in the firing line. 
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China calls Trump's newest trade attack 'blackmail,' says US 'initiated a trade war'

President Donald Trump instructed the US Trade Representative to identify another $US200 billion in Chinese imports that could be subject to a 10% tariff.
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It looks like Australia's property downturn is starting to have an impact on household spending

Spending across the Australian economy slowed sharply last month, growing at the slowest pace in over a year. 
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Here's what people earn across Australia

In the 2015-16 financial year, the median personal income in Australia was $47,692.
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Ben Shewry's Attica in Melbourne is the 20th best restaurant in the world

It's the only Australian restaurant in the top 50 global rankings.

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