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5 things you need to know today

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Published on: Monday, March 04, 2019

1. Treasurer Josh Frydenberg has written to prudential regulator Wayne Byres over concerns that unions are "openly pressuring superannuation funds to use their leverage over listed companies and their management".

2. Over 2,000 firefighters are currently fighting 19 out of control bushfires across Victoria, with nine properties destroyed.

3. After West Australian senator Linda Reynolds was appointed the Defence Industry portfolio over the weekend following the resignations of Steve Ciobo and Christopher Pyne, Prime Minister Scott Morrison has committed to retaining a record seven women in his cabinet if re-elected.

4. A free trade agreement between Indonesia and Australia will be signed in Jakarta today, with over 99% of Australian exports entering Indonesia duty free or under better preferential arrangements.

5. Wall Street stocks closed higher on Friday, with the S&P 500 rising above 2,800 points for the first time in almost four months. The S&P 500 gained 0.69% during the session, while the Dow Jones rose 0.43% and the Nasdaq lifted 0.83%.


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