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Politicians continue to obsess over the ups and downs of interest rates and neglect the real stuff that could make us materially better off, writes economics editor John Kehoe. https://t.ly/6E8yF Catch up on more of today's headlines here: * AusSuper staff knew of illegal $69m overcharge, court judgment reveals https://t.ly/BZwqW * Domain surges on US property giant’s $2.7b bid https://t.ly/AEvCk * ANALYSIS | Back in favour. Why China’s Xi needs Jack Ma more than ever https://t.ly/8eFKR * Trump has smashed the Western alliance. Here’s what could happen next https://t.ly/71fEw

Earnings season | Rio Tinto cuts dividends and jobs as Pilbara costs surge https://t.ly/uQ3WN Other companies reporting earnings today: Fortescue reconsiders US hydrogen timeline after Trump win https://t.ly/qvKkj Magellan banks $4m Barrenjoey dividend, flags Guzman y Gomez bonus https://t.ly/5d9y0 Tabcorp delivers profit jump as Gill McLachlan swings the axe https://t.ly/_f1S5 Wesfarmers increases dividends as Kmart, Bunnings power sales growth https://t.ly/RDR3F

FOLLOW LIVE | ASX drops; WiseTech plummets 20pc after director exodus https://t.ly/ur2HV


BREAKING | Commercial pilots have been warned of mid-air hazards related to Chinese warships off Australia after claims emerged that a Qantas flight from Brisbane to Auckland was harassed during a live fire exercise. Full story here: https://t.ly/tcjKi

Chanticleer | Rio Tinto just pulled off a little miracle https://t.ly/y5uWF

The treasurer is caught between an RBA governor whose profile is higher than ever, and a PM whose ratings have never recovered from the Voice. https://t.ly/lrCE3

It's already a big day for quarterly earnings, with Coles' figures showing its besting Woolworths, Qantas paying its first dividend in six years after a bumper profit, and Nvidia beating expectations. Keep on top of breaking markets news here: https://t.ly/0-yUc And get more in depth on these results here: *Coles:* https://t.ly/n2ZFl *Qantas:* https://t.ly/qblgf *Nvidia:* https://t.ly/9hO5f

Rates of workforce participation hit a record high in January as employment surged, writes Michael Read. His story on what the numbers mean here: https://t.ly/BZZI2 And get the market reaction in the live blog here: https://t.ly/Bjqiw

Governor Michele Bullock says the board weighed up both sides. But did the RBA deliver the first rate cut in more than four years because it should have, or because it had to? Read economics correspondent Michael Read's take on the rate cut here: https://t.ly/w0duT