Here’s what you need to know today

• Tuesday 5 November is election day in the US. And while polls don’t close until Wednesday 6 November Australian time, we have seen both candidates make their final pitches as polls show a virtual dead-heat. Now the most expensive election in US history is in the hands of the voters.
  
  

• Back here in Australia, the nation may stop for the Melbourne Cup but the nation will pause to see what the RBA decides in their latest interest rate decision. The RBA will be publishing at 2:30pm with economists all-but-certain that Australia’s central bank will hold rates at 4.35%. (Capital Brief)
  
  

• Two days after the RBA meets in Australia, the US Federal Reserve will announce their latest decision on US interest rates. Predictions are that the US will cut as inflation continues to cool. (ABC News)
  
  

• Chris Ellison, founder and managing director of Mineral Resources, announced he would be stepping down from the company he led for almost 20 years as the fallout from a tax evasion scandal. Ellison will also pay $8.8 million in financial penalties. (ABC)
  
  

• The Australian Federal Police have executed a search of PwC’s Sydney headquarters looking for documents related to allegations the consulting and audit firm shares confidential government tax proposals with large multinational firms. The search is expected to last several days. (Guardian)
  
  

• OPEC+, the cartel of oil producing nations that collectively decide on production of oil, decided to delay a planned increase in oil output given weaker demand, especially from China. OPEC+ had already delayed a supply increase planned for October. The oil price is down almost 20% since a recent high in April. (Reuters)

What the…?

In 2016, Russian disinformation efforts were targeted to Facebook. As Facebook has fallen off and the media ecosystem has become more fragmented, Russian tactics have needed to change. Wired have the report that the latest target for disinformation campaign: news comment sections.

Just another reason to avoid reading the comments. (Wired)

Investing is a lifelong journey

Here’s what you can learn today.

Twiggy Forrest blasts ‘dictators, facists’ in fossil fuel industry

We’re choosing a bit of a self-indulgent feature for today’s email feature. Today on Equity Mates Investing podcast, we’re releasing our interview with Andrew ‘Twiggy’ Forrest and if you’re not sure if you want to listen to it - hopefully News.com.au’s write up will capture your interest.

Twiggy is Australia’s second richest person and has become an outspoken advocate for action on climate change. In our interview he explains why he thinks “net zero is bulls***” and why he has committed Fortescue to ‘real zero’ instead.

You can watch the full interview on the Equity Mates YouTube channel or listen on Apple, Spotify or search ‘Equity Mates’ wherever you listen to podcasts.

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