TSLA slumps 14pc amid Trump, Musk feud; sharemarket to fall

News Snapshot:

Australian shares are set to track Wall Street’s retreat ahead of the latest monthly jobs report that will fan speculation about the Federal Reserve’s next round of interest rate cuts. ASX futures were pointing down 4 points, a less than 0.1 per cent decline. Still, that suggests the S & P/ASX 200 Index will be within 25 points of a new closing record. Profit-taking hit US stocks in the final hours of trade ahead of Friday’s all-important jobs report, with the S & P 500 closing down 0.3 per cent. The report, expected on Saturday AEST, comes after a surprise...