Afternoon Report | ASX hits record as economy slows

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. S&P retreats from new high

2. Inventories tumble, threatens growth

3. Downer sues auditor

4. Libs mull nuclear option

5. A-listers Indian wedding

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