Go to latestPinned post – 4.52AMBefore the Bell: ASX to open lowerTimothy MooreAustralian shares are set to open lower, tracking modest weakness on Wall Street as traders there await June’s jobs data. Federal Reserve chairman Kevin Warsh said “inflation risks have come down” during a panel appearance in Portugal.ASX 200 futures were down 26 points or 0.3 per cent to 8684 near 4.45am AEST. The S&P 500 was little changed near 2.45pm in New York.A key semiconductor index slumped more than 6 per cent after Bloomberg reported that Meta Platforms is developing plans for a cloud infrastructure business.Market highlightsASX 200 futures are pointing down 26 points or 0.3 per cent to 8684.All US prices near 2.45pm New York time.AUD -0.4% to US68.95¢Bitcoin +2.8% to $US60,144On Wall St: Dow +0.1% S&P -0.02% Nasdaq -0.4%VIX -0.03 to 16.42Gold +1.4% to $US4062.88 an ounceBrent oil -2% to $US71.48 a barrelIron ore -1.1% to $US97.90 a tonne10-year yield: US 4.48% Australia 4.78%Today’s agendaMay’s trade data will be released at 11.30am AEST.The focus will be on the US June payrolls report at 10.30pm AEST. The report is being published a day earlier than usual given US government offices and markets will be closed on Friday (Saturday AEST) for the July 4th national day.Top storiesKPMG picks ex-SBS boss as chair, mulls 20pc partner pay cut | The firm is considering cutting partners’ pay packets for the 2026 financial year by as much as 20 per cent as the audit leaks scandal hits its bottom line.Chanticleer: A 17pc share price jump before revealing a private equity bid? Perpetual, you’re taking the piss | No company should understand market integrity better than Perpetual, which is why this $2.5 billion storm in a teacup stings.Labor reform will ban all gambling influencers | The Greens and the Coalition are set to delay Labor’s unpopular reforms to gambling advertising, pushing them to a Senate inquiry.Meta is planning a cloud business to sell AI computing power | One potential plan includes selling access to various AI models that are hosted on Meta’s existing AI infrastructure, an approach similar to AWS’s Bedrock offering.Barrenjoey founders score $437m payday in Magellan merger | Deal makers Matthew Grounds and Guy Fowler are sitting on significant stakes following the $1.6 billion merger between Barrenjoey and Magellan Financial.