Your noon Briefing: Why Turnbull will keep sniping

Your noon 2-minute digest of the day’s top stories and must-reads.

Hello readers. Why Malcolm Turnbull will snipe on, the ‘death cross’ ramps up market jitters, and a brutal blow rocks Aussie cricket hopes.

Malcolm Turnbull and his daughter Daisy arrive at the Wentworth FEC Community Christmas Party at Club Rose Bay. Picture: Dylan Robinson

Not wrecking but sniping

Majority of Coalition voters believe Malcolm Turnbull is disloyal but don’t want him thrown out of the party. He’ll see this as a mandate to keep up the criticism, according to Simon Benson. Peter Van Onselen writes that turfing Mr Turnbull out of the Coalition leadership has unleashed a polling slide which may be a precursor to electoral disaster.

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NEW YORK, NEW YORK - DECEMBER 06: Traders work on the floor of the New York Stock Exchange (NYSE) on December 06, 2018 in New York City. The Dow Jones industrial average fell over 400 points in morning trading as investors fears increased over a potential trade war between China and America. Spencer Platt/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

‘Death cross’ jitters

Charts plays a big role in setting the pattern for traders in major world sharemarkets, writes Robert Gottliebsen. That’s why Wall Street traders became very nervous at the weekend. The dangerous chart pattern, called the ‘death cross,’ formed on the S&P 500 chart.

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TOPSHOT - A riot police throws tear gas during a protest of "yellow vests" (gilets jaunes) against rising costs of living on December 8, 2018 in Paris. - Paris was on high alert on December 8 with major security measures in place ahead of fresh "yellow vest" protests which authorities fear could turn violent for a second weekend in a row. (Photo by Thomas SAMSON / AFP)

West running out of money

The rioters in France see firms and financial elites becoming untaxable, while demands on government are relentless, writes Alan Kohler.

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Australian batsman Travis Head is dejected after being dismissed for 14 runs on day five of the first Test match between Australia and India at the Adelaide Oval in Adelaide, Monday, December 10, 2018. (AAP Image/Dave Hunt) NO ARCHIVING, EDITORIAL USE ONLY, IMAGES TO BE USED FOR NEWS REPORTING PURPOSES ONLY, NO COMMERCIAL USE WHATSOEVER, NO USE IN BOOKS WITHOUT PRIOR WRITTEN CONSENT FROM AAP

Head out

Australia have added 26 runs but lost a wicket in the first hour of day 5. Shaun Marsh remains watchful — he looks determined to play a long innings — while skipper Tim Paine has opened his account with a slashing cut to the boundary. Keep up with the latest in our live cricket blog.

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18th July 2018.Secretary of the ACTU Sally McManus speaking to media at the ACTU Congress in Brisbane.Photo: Glenn Hunt / The Australian

The long read: Labor pains

Business is increasingly wary of Bill Shorten’s workplace plans, writes Ewin Hannan.

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Comment of the day

“The toxic Turnbull is so yesterday. And fortunately Abbott and Credlin — conservative warriors, credibility and work ethic sky high, continue to rise above the play-the-man grubs.”

Mandy, in response to ‘Some who went too far in their praise of Turnbull now wish to bury him’.