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Yahoo Finance's Monday morning wrap

Anastasia Santoreneos
·1-min read
President Barack Obama waves to the audience after being introduced by Michael Bloomberg, former New York City mayor, during the US-Africa Business Forum, at the Mandarin Oriental Hotel in Washington, D.C., on Tuesday, August 5, 2014. A two-decade surge in growth in Africa suggests the poorest continent is starting to come to grips with its challenges and has raised the prospect of the 'African lions' emulating the 'Asian tiger' economies in the 21st century. (Photo by Drew Angerer/Bloomberg)
Michael Bloomberg's campaign spend surpasses Obama's in just three months. Source: Getty

Good morning.

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

The ASX is expected to dip at open today, amid fears the coronavirus is spreading across Asia and continuing to negatively impact global economic activity.

Wall Street drops too: US stocks have been sold off, and the Nasdaq had its worst daily percentage decline in about three weeks due to a spike in coronavirus cases.

The Australian dollar was buying 66 US cents at 0700 AEDT, up from 65.99 US cents on Friday.

Treasurer Josh Frydenberg told Bloomberg TV the economy is proving resilient, despite the impact the coronavirus is having on its biggest trading partner, China.

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What happens when you die without a will? Writing a will is something younger Aussies might not give much thought to, but if you haven’t done so, this article might change your mind.

Is this the man who could beat Trump? Bernie Sanders is a Democratic front-runner in the US 2020 federal election. But, if you don’t know much about him, here’s everything you need to know.

Bloomberg’s win over Obama: Michael Bloomberg, another Democratic candidate, has surpassed Obama’s record for President of the United States candidate TV-ad spend, with US$338.7 million i spending in just three months.

Have a great day.

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