A mandate to who the fuck knows they had no plan so the banks are overjoyed by the man who voted against the Royal Commission. The good start looks a concern banks are overjoyed and power prices surged (ODT)

Wholesale electricity prices shot up on Monday following a surprise election win by the Coalition on Saturday. Forward trading prices, which set the curve for future quarterly power costs, rose 13 per cent in NSW and shot up about 7 per cent in Victoria once markets opened. (see graph below)

Wholesale electricity prices account for about a third of power bills. Reducing this wholesale price has been a major focus of the Morrison government, which had pledged earlier this month to slash it by up to a quarter. The Age

He didn’t take much of an agenda to the election, so he can start a new term with pretty much a blank page. His campaign was mostly a demolition of Labor, and not much creation.

Morrison’s campaign tool of choice was the hammer and he wielded it relentlessly against Labor. By contrast, Bill Shorten carried around an Ikea flat pack of policy, assembly required. He’d take out his Allen key and start to fit all the pieces together as Morrison smashed away.

via Election Results 2019: Scott Morrison’s rare opportunity to shape the country