How is Labor coming to terms with its new cabinet, after dumped minister Ed Husic labels Deputy Prime Minister Richard Marles a "factional assassin"? On the Breakfast Wrap podcast, hear our interview with the federal Treasurer Jim Chalmers. 

Also, the brakes have been slammed on the US-China trade war, with the two countries agreeing to a 90-day pause on reciprocal tariffs.

And one of the most fiery campaigns in the federal election has ended with a nail-biting finish, with Independent Dr Monique Ryan returning as the member for Kooyong in Melbourne's inner-east.

After a tense week of counting, the incumbent defeated Liberal candidate Amelia Hamer by several hundred votes.

Recap the morning's news, politics and global affairs with the Breakfast Wrap