Markets live: Telstra to sack 2,800 workers, Nasdaq and gold hit record highs, ASX to slip

News Snapshot:

Telstra has revealed plans to sack up to 2,800 workers, while the Australian share market is likely to slip in morning trade. US tech stocks drove the Nasdaq to a fresh record high. The price of gold and copper have also jumped to their highest levels ever, driven by optimism about the timing of US interest rate cuts. See how the trading day unfolds on our blog. Disclaimer: this blog is not intended as investment advice. Key events 36 minutes ago BREAKING: Telstra reveals plans to sack 2,800 workers 1 hours ago ASX likely to drop, Nasdaq and gold rise...