Market expectations forecast company earnings will be down roughly 20 per cent with the mining sector leading the charge due to skyrocketing iron ore prices.
AMP Capital’s Shane Oliver told Sky News he expects dividends to be cut by about 40 per cent. “It’s not just banking, it’s companies outside banking which will likely cut dividends,” he said. Image: Getty
❗️10.5 per cent or almost six Sydney Harbours of Australia's water foreign owned ❗️China now the single biggest foreign owner of Australian water at 1.9 per cent ❗️Farmers struggling to afford water due to hiked up prices by overseas buyers
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Australia needs Trump to win the election because 'we cannot face China alone' | Sky News AustraliaLiberal Senator James McGrath says Australia needs President Donald Trump to win the upcoming presidential election to help it stand up to China. \n\nMr McGrath said China was the “greatest threat to the rules-based order the world is seeing at the moment.”\n\nPresident Trump would be better at dealing with China than presidential candidate Joe Biden because he knows “when you deal with bullies … you don’t give them shoulder massages, you’ve got to stand up to them.” Mr McGrath told Sky news. \n\n“Biden isn’t a foreign affairs hawk, he’s like a foreign affairs budgerigar”\n\nMr McGrath said Australia needed to ensure there was a 'coalition of the willing” standing against China and required the help of a strong president in the White House. \n\nImage: Getty realDonaldTrump I agree. I’m not a fan of Trump. But Biden is a puppet of China when he was VP. He agrees with China and not intend to make China accountable and eventually national security will be at risk. JoeBiden realDonaldTrump lol. What a moron realDonaldTrump Why he would keep standing against C after the election?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Australia among world's highest coronavirus death rates in aged care sector | Sky News AustraliaThe rate of coronavirus deaths in Australia's aged care sector now ranks among the highest in the world, with at least 218 lives lost so far.\n\nFederal agencies reportedly failed to prepare despite warnings from overseas the elderly were most vulnerable to the disease.\n\nThe Royal Commission into Australia's aged care crisis heard the government had not implemented specific COVID-19 plans for the sector.\n\nIn Sydney, the two main nursing home outbreaks during the first wave - in Newmarch House and Dorothy Henderson Lodge - had not been investigated by regulators. \n\nThe aged care sector makes up almost 70 per cent of Australia's deaths during the pandemic. \n\nDespite 138 deaths across Victorian facilities since July, the commission is not investigating that state's aged care outbreaks. \n\n Federal funding cuts to aged care is the cause. Aged care is a federal responsibility but no criticism from the feral right because its not Dan Andrews. Media is the virus
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ASX likely to fall off the back of 'tough' reporting season | Sky News AustraliaIt is likely the ASX will drop in the aftermath of what is expected to be a tough reporting season, according to Shaw and Partners’ Adam Dawes. \n\nCompanies listed on the ASX will release their latest financial results from the end of July until the end of August.\n\nThe results are expected to show the economic consequences wrought by the novel coronavirus, which has devastated many businesses.\n\n“I do feel we are going to get some really hard numbers, so that might put some shocks into the financial system,” Mr Dawes told Sky News.\n\n“I do suspect our market will potential come off on the back of some of these results\n\n“We know the numbers are going to be bad, but it’s really about the outlook statements.\n\n“If those outlook statements are going to be pared back, or at the lower end, we are going to see a dip.\n\n“I think the market is a little fatigued and I think we will potentially see a fall in the market after the reporting season at the end of August.”\n This is expected. Essential service providers are less impacted however thousands of other companies, millions of small-medium businesses and Australians are heavily impacted. Who shall we recover it from? Who fabricated and unleased the virus? The Chinese communist party it is.
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Victoria's AAA credit rating at significant risk | Sky News AustraliaThere is a 50-50 chance Victoria will lose its coveted AAA credit rating due to the economic fallout from the coronavirus, according to Standard & Poor’s Anthony Walker.\n\nS&P has placed Victoria's AAA on “CreditWatch with negative implication” after the Andrews government moved to a state-of-disaster due to a surge in COVID-19 cases in the state.\n\nLarge swathes of businesses have been forced to shut down for at least six weeks as the state tries to stem the tide of novel coronavirus cases.\n\n“What we are saying now is a significant chance, a 50-50 chance, in the next few months we may lower the Victorian rating,' Mr Walker told Sky News.\n\nMr Walker highlighted that the initial assessment of the state’s credit has been elevated since Premier Daniel Andrews announced stricter stage four lockdowns.\n\n“In May we had a negative outlook on Victoria, what we are saying now is a 50-50 chance and that is directly because of the latest lockdown,” Mr Walker said.\n\n“This was not factored into our case in May, we thought by this stage we would be opening the economy.\n\n“That’s all been unwound as of Sunday’s decision.”\n Dan Andrews doesn’t care. He’s got China bailing him out! So is the rest of the world.....big deal So maybe it will and maybe it won’t 😂 what sort of headline is this?
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Chegg CEO says COVID-19 is helping to drive students towards online learning | Sky News AustraliaThe CEO of e-learning resource Chegg says a large part of his company’s recent success is due to students around the world turning to alternative methods of learning as COVID-19 shuts down traditional campuses.\n\nChegg is projecting revenue between $605 million to $615 million in 2020 as more students turn to online learning to supplement traditional methods.\n\nUniversities across the world have been forced to shut down or offer online courses only due to safety procedures implemented to slow the spread of COVID-19.\n\nChegg CEO Dan Rosensweig told Sky News the company is now looking to accelerate into new markets, including Australia.\n\n“When you look at the largest English speaking countries, which is Canada, Australia and the UK, Canada is our second largest market outside the US and Australia is just after that,' he said.\n\n“Our plans in Australia are to localise the content… we are looking for an increasing amount of content that is relevant to the Australian market in particular, because it is such a good market.”\n Chegg Well isn’t he intelligent 🤦🏼♂️ a kindergarten child could tell you this but that wouldn’t be news worthy. Chegg Chegg We are concerned about the reports of multiple planes landing with Chinese Citizenship, and the Draconian Lockdown of Residents. Everyone knows masks don't work and limiting people's access to the outdoors is abuse.
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The Left ‘only want eradication for the virus’, not for obvious bushfire hazards | Sky News AustraliaSky News host Paul Murray says according to the Left in Australia the eradication strategy only applies to coronavirus not to bushfires.\n\nIt comes as key recommendations out of the Bushfire Royal Commission found that funding increases to hazard reduction burns are needed, as well as greater prescribed burns close to vulnerable towns, and greater investment in land management.\n\n“The inquiry has confirmed we need to clear our land,” Mr Murray said.\n\n“Eradication apparently only for the virus, not eradication when it comes to something like bushfires.”\n\nImage: Getty What even is this left. It's a manifestation of his syphilitic brain. How do you eradicate bushfires? Seriously stupid comment. This is a very logical and normal thing to say.
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