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Yahoo Finance's Monday morning wrap

LOS ANGELES, CALIFORNIA - JANUARY 19: (EXCLUSIVE COVERAGE) Brad Pitt and Jennifer Aniston attend the 26th Annual Screen Actors Guild Awards at The Shrine Auditorium on January 19, 2020 in Los Angeles, California. 721313 (Photo by Emma McIntyre/Getty Images for Turner)

Good morning.

Here’s everything you need to know in finance today.

Wall Street: Wall Street saw a broad sell-off on Friday as fears over the lethal coronavirus outbreak spread. The S&P 500 saw its biggest one-day percentage drop in months after the US Centre for Disease Control and Prevention confirmed the second case of the virus in the US. 

Australia has four confirmed cases of the virus, with a fifth suspected.

Sugar tax: Health Minister Greg Hunt has shut down calls for a tax on sugary drinks. 

“We don't think driving up the price of household goods for families is the way of achieving this [health] outcome,” he said on Monday. His words came after Australian of the Year James Muecke called for people to avoid excessive sugar consumption. 

What’s open today? It’s a public holiday. Here’s where you can get your shopping done for that last-minute barbeque. 

Don’t do that: Australian women retire with close to half the savings of men. Here are three ways to change that. 

Suburbs with the highest life expectancy: An average Australian girl born today will live to 84.9 years, but some suburbs have higher life expectancies than others. 

Another date for Australia Day: The Wattle Day Association has suggested a different date for Australia Day, as has athlete and former Labor senator Nova Peris. Here’s what they suggested. 

$28.6 million photo: Brad Pitt and Jennifer Aniston met backstage at the Screen Actors Guild Awards, and boy are there photos to prove it. According to Apex Marketing Group, that reunion picture would have seen the two score a massive $28.6 million in brand value. 

Bad habit: And if you find yourself acting out this common habit, you might want to stop - it’s killing your chances of success. 

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