29 March 2024
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AP Photo/Susan Walsh

5 things you need to know today

Switzer Daily
15 January 2021

1. Josh Frydenberg tells Google to focus on paying for news

Treasurer Josh Frydenberg said that Google and other major technology companies "should focus on paying for original content, not blocking it". A report by the AFR earlier this week revealed that Google was experimenting with hiding stories from Australian media companies in search results for some users.

2. Joe Biden to announce stimulus plan

President-elect Joe Biden will make a speech later today where he is expected to reveal his plans for a COVID-19 relief package. CNN reported that the package would be worth around US$2 trillion.

3. Fed chairman says the time for an interest rate rise "is no time soon"

Federal Reserve Chairman Jerome Powell said that interest rates are expected to remain low for the foreseeable future. "When the time comes to raise interest rates, we’ll certainly do that, and that time, by the way, is no time soon," Powell said at an event for Princeton University.

4. Quarantine officials to kill pigeon who crossed the Pacific

A pigeon that travelled 13,000km across the Pacific from the US to Australia is set to be euthanised. Officials said Joe the pigeon, who was named after President-elect Joe Biden by the man who found it, likely made the journey on board a cargo ship and posed a quarantine risk.

5. Stocks slightly down in the US

All three major indexes closed lower on Thursday. The Dow Jones fell by 68.95 points or 0.22% to 30,991.52, the S&P 500 dropped 14.30 points or 0.38% to 3,795.54 and the Nasdaq lost 16.31 points or 0.12% to 13,112.64.

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