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10 things you need to know this morning in Australia

Wednesday, 15 August 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

The heavy falls in Chinese stocks yesterday weighed on US markets overnight.
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The crisis in Turkey is being caused by the US Fed, and we are only at the beginning

The US Federal Reserve is unwinding its balance sheet, driving up the price of the dollar. This is the underlying cause of the Turkish lira crisis.
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Telstra's full year profit is down 9%

Telstra's total income increased 3% to $29 billion Net profit after tax fell 8.9% to $3.5 billion. The company declared a fully franked final dividend of 11 cents a share.
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IT'S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private

Although it's still unclear if there was a formal agreement when Elon Musk tweeted about working with the Wall Street firm.

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