19 January 2020
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(AAP Image/Michael Dodge)

5 things you need to know today

Switzer Daily
15 January 2020
  1. Smoke from Australian Bushfires is expected to make at least one full lap around the globe. Players competing in the qualifiers for the Australian Open are struggling with air quality. Slovenian Dalila Jakupovic had a coughing fit on court at Melbourne Park, she was worried about collapsing and had to be helped off the court. Australian Bernard Tomic and Canadian Eugenie Bouchard both needed medical time outs for breathing difficulties. None of the players have a history of breathing problems.

  2. Scott Morrison has announced $100 million for grants to farmers, who can receive up to $75,000 each. The money will go towards replacing sheds, fences and farming equipment damaged in the fires. Mr Morrison also said "If more is needed under the demand, then more will simply be paid without the need for any further decision". The announcement comes after farmers have been struggling through drought and now bushfires.

  3. The state governments are withholding support for Scott Morrison's proposed Royal Commission into bushfires. There is potential for scrutiny over the state's management of fuel loads and hazard reduction burns. "People have said it's not just about emissions reduction, it's about hazard reduction. That's true," Morrison said on Tuesday. The responsibility of hazard reduction lies with the state governments.

  4. A survey conducted by by fund manager and annuities provider Challenger and National Seniors Australia has found that 53% of Australians worry about outliving their savings. This result is a significant increase to the 37% of Australians who were worried in 2017.  Financial worry is the second most concerning worry for Australians across age demographics after climate change.

  5. Wall Street has a slight drop overnight. The Dow Jones is down 0.55 points (0.0019%) to 28,906.50, S&P 500 dropped 8.97 points (0.27%) to 3,279.16 and Nasdaq fell 22.6 points (0.24%) to 9,251.33.

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