SBS On the Money: New Westpac CEO plus Smiggle boss sacked

It was a big day for corporate news, as Westpac crowned a new chief executive in business boss Anthony Miller. Smiggle CEO John Cheston has been sacked over alleged “serious misconduct" – after defecting to jewellery retailer Lovisa. Plus the ASX200 tracks global markets lower as US jobs numbers miss expectations. For more, Rena Sarumpaet spoke with Capital.com Senior Market Analyst Kyle Rodda.