Your afternoon Briefing: Bloodbath send ASX plummeting

Good afternoon, readers. Stocks smashed in $50bn wipeout and a tornado hits Queensland.

Good afternoon, readers. Stocks have fallen to a five-month low with the week’s losses nearing $100bn as Asian markets joined the sell-off and a tornado hits Queensland.

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Here’s where the bloodbath finished up

Almost $50 billion was wiped off the ASX200 in local trade today as Scott Morrison defended the Coalition’s record after Peter Costello said they lacked an economic narrative.

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11/10/2018 Facebook photo showing hail in Coolabunia, 153km north of Toowoomba. Source: Leonie Bartlett

Tornado hits Queensland

A tornado has hit a small Queensland town just hours after an earlier storm tore through the region dumping tennis ball-sized hail.

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Home Affairs Minister Peter Dutton at the National Press Club in Canberra. PICTURE GARY RAMAGE

Au pairs: Border Force raided

In the wake of an Australian Federal Police raid over leaks in the Peter Dutton au pair saga, Labor wants parliamentary privilege over any material seized.

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SYDNEY, AUSTRALIA - JANUARY 04: Former Australian crickter and commentator Shane Warne talks during day one of the Fifth Test match in the 2017/18 Ashes Series between Australia and England at Sydney Cricket Ground on January 4, 2018 in Sydney, Australia. (Photo by Cameron Spencer/Getty Images)

Our batting is worst I’ve seen’

With Ashes just months away, cricket legend Shane Warne paints a bleak picture if Steve Smith, David Warner don’t return. Follow our live coverage of the First Test against Pakistan.

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Scoot kelly Winston Chruchill for THE Mocker

‘Don’t apologise to space cadets’

What happened when astronaut Scott Kelly brought Winston Churchill into the Brett Kavanaugh debate, and upset the lunar left? The Mocker will clue you in.