7 June 2020
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AP/John Raoux

5 things you need to know today

Switzer Daily
6 May 2020

1. The result of the National cabinet meeting yesterday was to "get 1 million Australians back to work, said Prime Minister Scott Morrison. Australia is looking to be "back in business" by July.

2. The UK has overtaken Italy in coronavirus death toll cases, making the US and the UK the most impacted countries by COVID-19.

3. Oil prices jumped significantly with futures that will deliver US crude in June rising 20 per cent to $US24.56 a barrel, climbing for the fifth consecutive session.

4. Disney's Q2 2020 results, released on Tuesday, showed a 58 per cent drop in operating income due to park and cruise closures.

5. Wall Street closed on another small high, following a pattern from previous days, with the Dow rising 0.56% to 23,883.09, S&P 500 jumping up 0.90% to 2,868.44 and Nasdaq leading again up 1.13% to 8,809.12.

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