A record trade surplus on the back of strong iron ore prices is about the only thing a faltering Australian economy has going for it at the moment.
Good morning, early birds. US voters are preparing to head to the polls for the crucial midterm elections, the Australian government is considering splitting next year's federal election, and a runaway ore train is derailed in WA. It's the news you need to know, with Chris Woods.
Rough times for Gina ... the Coalitions totally rad new website ... penalty rates have no apparent effect on employment levels ...
The bigwigs in Canberra won't have that extra $4 billion to play with if iron ore continues its latest slide.
Turnbull's social media prowess ... Greens factionalism ... Unilever cuts ad spend ...
The strength of the economy in the March quarter is inconvenient for everyone -- including the government, Glenn Dyer and Bernard Keane write.
Next week we'll find out what the Treasury and the Department of Finance really think about the economy -- and whether the government's optimistic budget forecasts are sound, Bernard Keane and Glenn Dyer write.
ScoMo has it wrong on China. But don't worry, Moz, almost all Aussie treasurers do.