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5 things you need to know today

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Published on: Tuesday, March 12, 2019

1. The Labor party will commit to implementing all but one of the 76 recommendations made by the banking Royal Commission according to a report by the AFR. Labor will not implement the recommendation that borrowers pay upfront fees to mortgage brokers.

2. Barnaby Joyce has told The Australian that the Coalition agreement between the Nationals and the Liberal Party could be dropped after Prime Minister Scott Morrison rejected calls to build new coal-fired power stations in central Queensland. Joyce said that there was "no law saying the Nationals and Liberals must be together".

3. The latest Guardian Essential poll has put Labor ahead of the Coalition in the two-party-preferred vote, 53 to 47.

4. After losses every day last week, Wall Street's main indexes all gained during the Monday session. The Dow rose by 0.79% to 25,650.88 points, the S&P 500 gained 1.47% to 2,783.30 points and the Nasdaq closed 2.02% higher on 7,558.06 points.

5. Theresa May has headed to Strasbourg to meet with European Commission President Jean-Claude Juncker ahead of the second vote on her Brexit deal in British parliament on Tuesday.


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