11 December 2019
1300 794 893
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.

If you liked this article you'll love the Switzer Report, our newsletter and website for trustees of self-managed super funds. Click here for a FREE trial and to hear more of Peter’s expert commentary and advice.

Let us know what you think
Get the latest financial, business, and political expert commentary delivered to your inbox.

When you sign up, we will never give away or sell or barter or trade your email address.

And you can unsubscribe at any time!
1300 794 893
© 2006-2019 Switzer. All Rights Reserved
homephoneenvelopedollargraduation-cap linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram