27 October 2020
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AP/JOEL CARRETT

5 things you need to know today

Switzer Daily
20 August 2020

1. Qantas has reported an almost $2 billion loss and will not pay a dividend to investors, labelling the COVID-19 pandemic as one of its biggest challenges in history.

2. NGS Super and Australian Catholic Super have announced they intend to merge and create one larger fund worth more than $21 billion.

3. Wesfarmers reported a 69% plunge in profits compared to a year ago. The company will pay a final dividend of 77 cents to shareholders.

4. Apple has become the first publicly traded company in United States history to reach a US$2 trillion market cap. They were also the first publicly traded US company to reach a US$1 trillion market cap back in August 2018.

5. The ASX is tipped to open lower after the Dow dropped 0.31% to 27,692.88, the S&P 500 fell 0.44% to 3,374.85 and the Nasdaq lowered 0.57% to 11,146.46.

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