1. The Treasurer announced yesterday that Australia's effective unemployment rate is 13.3%. On Thursday next week, the government will release the first economic update since December last year, which will include a revamped JobKeeper scheme.

2. The NSW government has enforced the first re-tightening of social restrictions, reducing group bookings at pubs from 20 people back to 10. Large venues will not be allowed to have more than 300 patrons. There have been 68 new cases of COVID-19 in NSW over the past 7 days. In Victoria, there have been 1444 new cases over the past 7 days, QLD have recorded 4 in a week, WA have recorded 11, ACT have recorded 5, NT have 1 and SA and TAS have 0.

3. Microsoft and NAB have struck a five-year deal to shift 1000 of NAB's apps to the Microsoft Azure cloud in just 1000 days. Microsoft Australia's managing director Steven Worrall expects this to be copied by other banking institutions worldwide.

4. The UK government has announced they will ban Chinese telecommunications company Huawei from Britain's 5G network. Britain's National Security Council (NSC), chaired by PM Boris Johnson, will meet today to discuss the extent of banning the Chinese company.

5. Aussie shares have been poised lower. The Dow closed on a 0.040% rise to 26,085.80, the S&P 500 was down 0.94% to 3,155.22 and Nasdaq dropped for the first time in a while by 2.13% still sitting on a high of 10,390.84.