Trump declines future debates with Harris

Good Morning,

Trump says he would not participate in another presidential debate against Kamala Harris ahead of the election, Boeing US factory workers on strike after 96% vote for walkout, Elon Musk calls Australian government 'fascists' over misinformation law, Beam scooters banned from operating in Wellington, and Australia’s surprise government spending blowout hits $70b.

Let's jump in.

Before The Bell

Markets

• NZX blue chip stocks off the boil after a poor reporting season (GR)

• ASX gains as gold scales record high (AFR)

Earnings and Data

• Shares of Samsung Electronics fell over 3% as workers at its southern Indian plant continu

  e to strike, disrupting production for a fifth day (CNBC)

• Deutsche Bank raises S&P 500 year-end target to 5,750 from 5,500 (RT)

News Summary

• Beam scooters banned from operating in Wellington (RNZ)

• Shutterspeed, a NZ AI-based management tool to be backed by the US global startup network (RNZ)

• Two-year home loan fixed rates drop into 5 percents (RNZ)

• NZ House prices stable, with signs of potential growth later this year (RNZ)

• Tycoon sues estate agent after learning Jeff Bezos was buyer of mansion in cut-price deal (Herald)

• $100m Pak’nSave biggest supermarket rising in New Zealand, right beside Woolworths (Herald)

• The average price of a 250g block of chocolate increased 20% in the past year (NBR)

• Public services must be ‘needs-based’ over ethnicity, Govt says (Stuff)

• David Seymour briefed on reports of teachers taking free lunches (Stuff)

• Managers of hospital cleaning company racist to Samoan employees (Stuff)

• Australia’s surprise government spending blowout hits $70b (AFR)

• Pro-Russian hackers reportedly crashed Taiwan Stock Exchange website (CNBC)

• Boeing US factory workers on strike after 96% vote for walkout (RT)

• Elon Musk calls Australian government 'fascists' over misinformation law (RT)

• Trump says he would not participate in another presidential debate against Kamala Harris ahead of the election (RT)

• US judge allows election betting, dealing blow to markets regulator (RT)

Deal Flow

Investments / M&A

• Australian investors are said to be interested in the potential sale of Dunedin City Council’s electricity distributor Aurora Energy, with a council debate on the issue scheduled for later this month (NBR)

• Being AI reveals Solution Dynamics offer due to capital raise (NBR)

• Vodafone's US$19 billion merger with Three UK could push up bills for millions of mobile customers, Britain's competition regulator says (RT)

• Mastercard has agreed to buy threat intelligence company Recorded Future from private equity firm Insight Partners for US$2.65 billion. (RT)

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