27 April 2024
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AP/Jeff Gritchen

5 things you need to know today

Switzer Daily
13 July 2020

1. NSW Police Minister David Elliot says 10,000 exemptions have been permitted for border town residents and those who need to cross state lines for work to be able to do so. He told 2GB this morning that "people need to know this isn't a punishment."

2. COVID-19 has made more progress in the last three months to become a digital economy than in the previous five years, according to Telstra's CEO Andy Penn. Research by BCG shows 80% of senior executives around the world are saying digital transformation is more urgent, 61% want to take control of the programs and 57% anticipate increased investment.

3. Disney World reopened in Floria in Saturday amid a rise in 11,000 COVID-19 cases on the same day. Florida has been labelled the "world's new epicentre for COVID-19. Josh D’Amaro, chairman of Disney’s Parks, Experiences and Products segment, said guests have so far been very “cooperative” with new safety measures.

4. Switzer's ZEET update: Zip Co has risen 93% since we began tracking on May 29 and now sits at $7.24. Elmo has risen 2.34% at $6.57, EML has dropped 7% to $3.35 and Tyro is up 0.5% at $3.81.

5. The ASX is tipped to rise today, but the share market is expected to be tested this week as investors await the latest job numbers and an increase in COVID-19 in Australia and worldwide is anticipated to impact stock prices. The Dow closed on a high on Friday, up 1.44% to 26,075.30. The S&P 500 rose 1.05% to 3,185.04 and the Nasdaq jumped 0.66% to 10,617.44.

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