Your noon Briefing: PM eyes majority as Phelps slips to defeat

Your 2-minute digest of the day’s top stories and a long read.

Hello readers. ScoMo is eyeing as many as 78 seats at Wentworth slips from Phelps’ grasp.

SYDNEY, AUSTRALIA - MAY 18: Independent candidate for the seat of Wentworth, Dr. Kerryn Phelps, cats her vote at Bondi Beach Primary School on May 18, 2019 in Sydney, Australia. Australians head to the polls today to elect the 46th Parliament of Australia, with a tight battle between incumbent Prime Minister Scott Morrison of the Coalition party and Labor Leader, Bill Shorten. The Coalition party has led government since 2013. (Photo by Brook Mitchell/Getty Images)

Phelps slips to defeat

Scott Morrison could finish with as many as 78 seats as the Liberal Party consolidates a winning lead in Wentworth. Keep up with the latest in our live blog, PoliticsNow.

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Pedestrians are seen reflected on the Australian Stock Exchange (ASX) trading board in Sydney, Monday, January 7, 2019. (AAPImage/Jeremy Piper) NO ARCHIVING

Economy boost

The Coalition’s victory is tipped to boost the economy as the ASX adds $26bn amid bank surge.

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**EMBARGO FOR MARGIN CALL** 18/05/2019: Premier Gladys Berejiklian congratulates Fiona Martin on her win on 2019 Coalition Election Night at the Wentworth Sofitel in Sydney on Saturday. Hollie Adams/The Australian

Libs ecstatic

As early as 8.30 on election night it was beginning to dawn on the Liberal faithful that the impossible could actually happen, writes Margin Call.

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FARMINGDALE, NEW YORK - MAY 19: Brooks Koepka of the United States poses with the Wanamaker Trophy during the Trophy Presentation Ceremony after winning the final round of the 2019 PGA Championship at the Bethpage Black course on May 19, 2019 in Farmingdale, New York. Stuart Franklin/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

Koepka’s crown

A golfing version of Game of Thrones was capped by a bloody, brutal spectacle, writes Rick Broadbent.

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Prime Minister Scott Morrison and wife Jenny speak to the media as they arrive at the Horizon Church in Sutherland in Sydney, Sunday, 19 May, 2019. Approximately 16.5 million Australians have voted the 2019 Election with the Liberal Party retaining Government, with 59.2 per cent of the vote counted, the Coalition appears to have won 74 seats to LaborÕs 66 seats. (AAP Image/Joel Carrett) NO ARCHIVING

The long read: PM stamps his authority

The electorate has given Scott Morrison the imprimatur to govern that John Howard enjoyed, writes Peter Van Onselen.