25 April 2024
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5 things you need to know today

Switzer Daily
21 April 2020

1. State and territory leaders are meeting with the Prime Minister to discuss the relaxation of social distancing measures in as little as 3 weeks, with coronavirus transmission rates remaining low pointing to signs that Australia has contained the virus.

2. The US is by far the most coronavirus infected country in the world, with over 750,000 infections and 40,500 deaths. Despite these figures, the President is still discussing relaxing some social restrictions in certain states.

3. UNSW economics professor Gigi Foster, who appeared on Q&A last night, shocked panellists after suggesting that the economic impacts of a lockdown were not adequately considered, and Australia would have been "better off not having an economic lockdown in the first place." While many disagreed with her stance, a number of people also agreed.

4. A historic oil crash saw oil prices turn negative for the first time, ever. Early on Tuesday (AEST), in less than half an hour, traders crashed the May WTI to minus $US37.63 a barrel - which has never happened before in history.

5. Due to the oil crash, the ASX is anticipated to open at a low. The Dow Jones closed down 2.44% to 23,650.44. The S&P 500 dropped 1.79% to 2,823.16 and Nasdaq fell 1.03% to 8,560.73.

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