24 April 2024
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5 things you need to know today

Switzer Daily
22 September 2020

1. Newspoll by The Australian showed two thirds of Victorians rate the state's lockdown measures as "about right" and 62% of voters believe Daniel Andrews "has handled the crisis well".

2. Chinese tech giant Huawei has lost roughly $100m from its Australian investment and more than 1000 local jobs have been cut. Huawei's chief corporate affairs officer Jeremy Mitchell told The Australian Financial Review that "there is simply no doubt that everybody loses in a cyber war – but nobody loses quite as much as Australia, which is caught between its major military and trading partners."

3. Suspicious Activity Reports (SARs) filed with the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) between 1999 and 2017 have been leaked, recording more than 2100 suspicious transfers worth $US2 trillion ($2.8 trillion). Rachel Woolley, director of financial crime at regulatory consultancy Fenergo, told CNBC the FinCEN files expose a “systemic failure across the entire financial system and industry.”

4. Travel stocks were hit hard on Wall Street yesterday with United Airlines, American Airlines, Delta Airlines and Southwest Airlines falling between 5.9% and 9.3% due to the second threat of lockdowns.

5. The Dow fell 1.84% to 27,147.70. The S&P 500 fell 1.16% to 3,281.06 and the Nasdaq dropped 0.13% to 10,778.80.

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