29 March 2020
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AP/GARY RAMAGE

5 things you need to know today

Switzer Daily
27 March 2020

1. The G20 leaders met via video conference yesterday, and pledged to inject $5 trillion in fiscal spending into the global economy in an effort to "do whatever it takes to overcome the pandemic".

2. In NSW, cases have increased to 1405, as most recently recorded, which takes the national toll to 2990.

3. The Morrison government is considering tax relief for rental property owners, with the increase of job losses and an inability to pay rent requiring landlords to make difficult decisions on payment exceptions.

4. Non-urgent elective surgeries have been cancelled as requested by the Federal Government to free up resources in hospitals for coronavirus cases. The decision will not affect "Category 1" surgeries, which typically include obstetrics, cardiothoracic surgery, interventional cardiology, oncologic surgery, neurosurgery, general surgery, and vascular surgery. Some "Category 2" surgeries will also continue, but Category 3 surgeries will be postponed, which are generally non-urgent conditions that can safely be deferred and treated over a period of months.

5. Wall Street ended on another high, which points to signs that the ASX will also rise today. The Dow finished on a high of 6.38% at 22,552.17, S&P 500 was up 6.24% to 2,630.07 and Nasdaq finished up 5.60% on 7,797.54.

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