Ukraine racks up gains with Russia incursion, faces challenge holding territory

Good Morning,

Chipotle investors see continued growth, steady leadership after CEO Niccol departs, There's no U-turn' - Reserve Bank governor hits back over rate cut 'flip-flop, Indonesia suffers the consequences of cosying up to China, Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal, Iron ore crash threatens Chalmers’ budget surplus hopes and Jack Ma-Backed Ant Sees Profit Slide 10% After Shake Up.

Let's jump in.

Before The Bell

Markets

• Wall St marches ahead as retail sales quell slowdown worries (RT)

Earnings and Data

• Jack Ma-Backed Ant Sees Profit Slide 10% After Shake Up (BBG)

News Summary

• Justice Minister signs Kim Dotcom’s extradition order (Stuff)

• 'There's no U-turn' - Reserve Bank governor hits back over rate cut 'flip-flop' (Stuff)

• Stuff chief executive Laura Maxwell leaving for role in Australia (Stuff)

• Scott Robertson banks on ‘experience’ as All Blacks aim to bounce back against Argentina (Stuff)

• Indonesia suffers the consequences of cosying up to China (AFR)

• Iron ore crash threatens Chalmers’ budget surplus hopes (AFR)

• US retail sales beat forecasts as consumers shake off price rises (AFR)

• China’s Economy Fails to Pick Up After Worst Stretch in Five Quarters (BBG)

• Alibaba’s Marquee Business Shrinks Amid Consumer Malaise (BBG)

• Singapore Charges Ex-Citi, Julius Baer Bankers in Money Laundering Case (BBG)

• WHO Calls Mpox Outbreak in Africa a Global Health Emergency (BBG)

• UK Economy Maintains Solid Recovery as Services Aid Growth (BBG)

• Bank of America Strikes Sponsorship Deal for 2026 FIFA World Cup (BBG)

• Ukraine racks up gains with Russia incursion, faces challenge holding territory (RT)

• Gaza ceasefire talks get underway in Doha (RT)

• Chipotle investors see continued growth, steady leadership after CEO Niccol departs (RT)

• Toyota bets big on hybrid-only models as EV demand slows (RT)

• Flynn Group buys 83 more Wendy's franchises in US (RT)

Deal Flow

Investments / M&A

• Sixth Street Consortium to Be Buyer of UBS Mortgage Unit (BBG)

• Mars to buy Pringles maker Kellanova for $36 billion in 2024's biggest deal (RT)

• Alaska Air, Hawaiian further extend review period of proposed deal (RT)

The Daily Deck is sponsored by Industrial Equity, LLC