Markets react to possible new Fed chair

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. ASX slumps 0.7pc on Fed speculation

2. Hastie pulls out of Lib leadership race

3. Nine Entertainment sells radio stations

4. Nipa virus outbreak

5. Apple’s record iPhone sales

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