1. Crown Resorts announces takeover offer

Ahead of the royal commission into Crown's businesses and practices, huge US private equity group Blackstone has put in a takeover offer. Crown has a market value in the neighbourhood of $7 billion and the AFR says the board will consider the offer. It comes after Crown Resorts has been through an inquiry in NSW investigating its governance and board, which triggered the setting up of a royal commission and the company faces similar investigations in Victoria and Western Australia. The share price will move higher if the bid is a good one.

2. Restrictions on lending from the Australian Prudential Regulation Authority could soon cool down a very hot property market

With economists expecting a double digit percentage house price boom over the next two to three years and another big weekend for home sales with Sydney selling 90% of properties lined up for auction, investment advisor, Jarden, says APRA could soon intervene to make it harder for borrowers to access loans. Investor and interest only loans have been rising, and when last time this happened in 2017, APRA made lenders play hardball with borrowers and house prices actually fell!

3. The local stock market is expected to open down this morning ahead of the listing of digital disrupting business Airtasker

The company known for putting jobs online that anyone can bid to do from removalist work to assembling an IKEA product was set for a $255 million listing on the local stock market today, but an Australian Securities Exchange technical glitch has delayed the start of the time when investors can speculate on the future of Airtasker. The history of technical start-up companies is that the share price spikes on the first day and goes higher until the market is spooked into reality by some unexpected news event or tech stocks in the US being dumped. Tech stocks were up over the weekend in the US but a company like Tesla they has fallen about 30% since late January.

4. Scottish island up for auction for $143,000

An entire island on Loch Moidart in the Scottish Highlands is up for sale with an opening bid of £80,000 ($143,000). Property manager Stephen McCluskey told CNN that the 11 acre Deer Island has been owned by the same family for 500 years and has remained completely uninhabited.

5. Down week for stocks

The Dow Jones, S&P 500 and Nasdaq all ended down for the week, with falls on Friday for both the Dow and the S&P pushing the two indexes lower. The Dow fell 0.46% for the week to 32,627.97, the S&P fell 0.77% to 3,913.10 and the Nasdaq fell 0.79% to 13,215.24. The ASX 200 was down 0.87% for the week to 6,708.20.