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AP Photo/Pablo Martinez Monsivais, File

5 things you need to know today

Switzer Daily
19 November 2019

1. Josh Frydenberg will describe Australia's ageing population as an "economic time bomb" in a speech tonight. "Our population is ageing and this will place new demands on our health, aged care and pension systems," wrote in a piece for the AFR.

2. Chinese officials are "pessimistic" about reaching a trade deal with the US according to a CNBC report, which said that Donald Trump's refusal to remove additional tariffs had worried the Chinese.

3. Donald Trump and Jerome Powell had a "very good & cordial meeting" yesterday according to the President, who wrote on Twitter that "everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc." The Fed said in a statement that the meeting was "at the President's invitation" and the two discussed "the economy, growth, employment and inflation".

4. The number of female chief executives has remained flat at 17.1% while the number of females on company boards increased 1 percentage point to 26.8% according to the Workplace Gender Equality Agency. While the gender pay gap dropped half a percentage point to 20.8%, men still earn $25,679 more than women on average.

5. The Dow Jones and Nasdaq both gained 0.11% on Monday, closing at 28,036.22 and 8,549.94 respectively, while the S&P 500 moved 0.05% higher to 3,122.03.

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