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ASX to dip as Whatsapp goes to court

Anastasia Santoreneos
·2-min read
UKRAINE - 2021/01/09: In this photo illustration a WhatsApp logo seen on a smartphone and on a PC screen. In January 2021, WhatsApp announced a new Privacy Policy that will allow WhatsApp to share data with Facebook, and users will be to accept the new policy by 8 February 2021, or stop using the app, reportedly by media. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)
ASX to dip as Whatsapp goes to court. Source: Getty

Good morning.

Here’s Yahoo Finance’s Friday morning wrap.

The ASX

In the US, two of Wall Street’s main indexes hit record highs, buoyed by President-elect Joe Biden’s $1.9 trillion stimulus proposal.

In early trading, the Dow Jones Industrial Average rose 0.38 per cent to 31,178.17, the S&P 500 gained 0.30 per cent to 3,821.13 and the Nasdaq Composite gained 0.62 per cent to 13,210.89.

Whatsapp: The Facebook-owned messaging app’s updated privacy policy verges on user surveillance, and threatens India’s security, a petition filed in an Indian court said.

WhatsApp has given users until February 8 to agree to the new terms, which will see their location and phone number shared with Facebook, Instagram and Messenger. It will be heard in the Delhi High Court on Friday.

The change has also been challenged in Turkey.

Tesla recalls: Tesla has been asked to recall around 158,000 Model S and Model X vehicles made between 2012 and 2018, after the US regulator found there were issues with the cars’ touchscreens.

It comes as investors warn the company is “very fully priced”.

US$30 trillion trend: Investors predict the ESG sector will boom after January 20 - Joe Biden’s inauguration day.

Biden has previously said climate change is “the number one issue facing humanity”, and making America green again is at the top of his list of priorities over the next four years.

Immigration reverse: The COVID-19 pandemic has seen Australia’s population growth fall to its lowest rate in about 100 years.

It is by no means clear how long this will last, but there are some significant implications for the economy from this.

Here’s the good news and the bad.

How much do you have in savings? The average Aussie has around $28,426 in savings - but that changes depending on age and gender.

Find out how your savings stack up against the average for your age group.

Have a great day.

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