Your morning Briefing: Costello warns retirees as trade war hits ASX

Your 2-minute digest of today’s top stories and must-reads.

Hello readers. Peter Costello warns retirees that the trade war could erode their savings, as US markets rallied overnight.

Former Treasurer Peter Costello at the ANU campus for the launch of a new book, Changing Fortunes: A History of the Australian Treasury, which examines how Treasury has evolved: in its economic thinking and with its influence on policy. Picture Gary Ramage

Costello’s warning to retirees

Peter Costello has warned retirees their savings will be eroded if the US-China trade war escalates further. Meantime, US markets recovered ground overnight, regaining some of the losses inflicted after the US-China trade war took a new turn this week. Follow the latest in our live blog, TradingDay.

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Scott Morrison faces a big test of negoitaitng between the US and China.

ScoMo’s most important test

The PM’s task to harmonise our interests amidst the deepening US and China brawl gets tougher every day and has enormous consequences, writes Paul Kelly

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Townsville court generic arrest magistrates court

Case law ‘affront to justice’

A man accused of rape is unable to tell the jury about the alleged victim’s history of false allegations.

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The Daily Telegraph the new Bradman

England in awe of ‘new Don’

Seventeen months after the heartache, he stopped the world. Again. Peter Lalor reports on the second coming of Steve Smith.

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Kudelka’s view

Jon Kudelka letters page cartoon for 07-08-2019Version: Letters Cartoon (1280x720 - Aspect ratio preserved, Canvas added)COPYRIGHT: The Australian's artists each have different copyright agreements in place regarding re-use of their work in other publications.Please seek advice from the artists themselves or the Managing Editor of The Australian regarding re-use.