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Good morning,

As the federal election campaign heats up, Jennifer Westacott warns politicians to urgently recalibrate their public messaging to make it more relevant to professionals, middle and low-income earners, who “just can’t see the light” in Australia.

Meanwhile, the nation's oldest, and largest, listed investment company has made three big bets on the current, volatile sharemarket. See which stocks Australian Foundation Investment Co boss Mark Freeman has bought. 

And learn how struggling spin machine Sodali thinks its communications business will fortify its balance sheet despite feeling a sharp financial sting last year.

Vesna Poljak
Business editor
The markets


Making news this morning
1
Stocks tipped to rise after electronics tariff exemption
The local sharemarket is poised for a modest bounce after US tech heavyweights including Apple took a breather from punishing tariff wars.
2
MinRes faces $1bn bill under secret Chevron port deal
The WA government has dragged embattled MinRes to court after failing to persuade Chevron to waive port fees.
3
Coles planning for a fresh squeeze on Woolworths
Coles is looking to ramp up the pressure on its main rival after recent wins, now restructuring fresh food promotions which could trigger a new fruit and veg price war.
Editor's picks
BANK
Westpac banking on the bush again
The banking major has admitted it got it wrong after shuttering its Moree branch, reopening the operation in a bid to expand bush business banking.
By DAVID ROSS
COMPETING BIDS
Quick turnaround sale results in a $525k loss
The former Hawthorn home of a veteran ABC finance presenter has been onsold at an alarming loss, as Canberra’s clearance rate bottomed.
By JONATHAN CHANCELLOR
ANALYSIS
Gallagher visit inflames gas industry divisions
Coalition gas reservation policy fractured the market between apparent winners and losers. Santos boss Kevin Gallagher attending a Liberal function has escalated tensions even further.
By COLIN PACKHAM
Commentary
Recession risk in trade war’s impossible aims
By DAVID ROGERS
Markets Editor
Economists say Donald Trump’s aim to simultaneously fix the US budget deficit and reclaim manufacturing market share with tariffs is not only impossible, but carries huge risk.
DataRoom
Market speculation surfaces on GPT-Dexus merger talks
Dexus has once again emerged as a topic of conversation in the real estate industry, but this time the talk is not about Blackstone’s interest, but GPT’s.
Peabody-Anglo American deal hard to break: experts
A move by Peabody Energy to extract itself from its $5.8bn deal to buy Anglo American may be fraught with challenges, including a costly lawsuit.
Glencore visit spurs Rio talk
Top executives from Swiss miner Glencore were in Australia last week, prompting some to ask whether the charm offensive was a precursor to a major move.

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