27 October 2020
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AP/Mike Stewart

5 things you need to know today

Switzer Daily
13 August 2020

1. NSW Premier Gladys Berijiklian has warned NSW citizens of harsher restrictions if more people do not wear face masks in public and if businesses do not adhere to COVID-safe rules.

2. CBA says 16,200 of the 135,000 paused home loan repayments are "higher risk" and the bank will urge them to shift to interest-only terms in October.

3. Telstra's full year reporting profits were at $1.839 billion, down 14.4% from last year. They will pay a half-year dividend of 8 cents and a full-year dividend of 16 cents.

4. Southwest Airlines is approaching its first annual loss in 48 years, since 1972, as the Coronavirus pandemic has seen revenue down 75% compared to a year ago. According to their CEO, the company is losing roughly US$20 million per day.

5. The ASX is tipped to rise. The Dow closed 1.05% higher yesterday at 27,976.84. The S&P 500 rose 1.40% to 3,380.35, while the Nasdaq jumped 2.13% to 11,012.24.

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