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10 things you need to know this morning in Australia

Tuesday 5 March 2019

Business Outsider

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General Electric drops sharply after CEO says it will keep burning cash

General Electric dropped more than 7% Tuesday afternoon following comments from CEO Lawrence Culp, which said he sees the company having a negative industrial free cash flow this year.
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Iron ore prices slip as China trims its GDP target

Higher iron grades rose on Tuesday while mid and lower-grades fell.
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An activist shareholder is urging Victoria's Secret parent to update 'tone-deaf' brand image to boost sales

An activist shareholder sent a letter to L Brands CEO Les Wexner on Tuesday, laying out recommendations to improve growth at Victoria's Secret in order to "unlock substantial value" for shareholders.
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Trump said his trade war would pay off. But so far, experts see little evidence of meaningful change.

Washington and Beijing are reportedly approaching a deal on trade. But experts say it's unlikely to address the very issues the Trump administration cited before levying tariffs last year.
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Your 10-second guide to today's Australian GDP report

Australia's December quarter GDP report will be released later today. While a lagging economic indicator, revealing what happened in the past, it still has significant implications for unemployment, inflation, investment, household incomes and government tax receipts in the future.
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The world's first private lunar lander just took a selfie with Earth on its way to the moon

Last month SpaceX launched the first private lunar lander toward the moon. The robot is called Beresheet (meaning "in the beginning") and was made by SpaceIL, a nonprofit organisation based in Israel.
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'Anthem' is crashing some PlayStation 4 consoles, and there's no fix in sight

One of 2019's biggest blockbusters so far, "Anthem," has a crazy bug on PlayStation 4. The bug both crashes the game and outright turns off the player's PlayStation 4 console.
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The top US general in Europe says he needs more troops and warships to take on Russia

The top US general in Europe told Congress Tuesday that he needs more firepower to counter Russia. He requested more ground troops, a robust naval presence, more cyber assets, and increased intelligence, surveillance, and reconnaissance capabilities.
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Here's proof that your home is truly your castle for many Australians

In Australia, your home is truly your castle. As seen in the chart below from the National Australia Bank's (NAB) latest quarterly wellbeing report, the family home is regarded as being the single-most important factor in determining the overall sense of wellbeing among Australians.

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