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PM prepares more Covid-19 support; 10 things to sell for quick cash

Tony Yoo
·1-min read
Scott Morrison on the left, one dollar coins in the centre and a sign of Medibank on the right.
It's all happening in finance this morning. (Images: Getty, AAP)

Good morning – here’s what you need to know:

Markets: Wall Street dipped overnight as markets became anxious about the impact of a second wave of Covid-19 in the US and around the world.

Despite this, a higher open is predicted for Australian shares on Friday morning. The SPI200 index was up 0.27 per cent at 7am AEST.

The Australian dollar was buying 69.72 US cents 7am AEST, down from Thursday's closing price of 69.92 US cents.

So we're in a recession. Our expert Stephen Koukoulas shares how we can combat the shocking unemployment numbers revealed yesterday.

The Prime Minister is preparing support beyond JobKeeper. The dire situation has forced the government to put together financial handouts past the initial Covid-19 assistance period, due to end in September.

If you're short of cash, here's how to get your hands on some quickly. These 10 items could reap you a nice reward on the second-hand market.

But even if you have just $1, you could purchase a multi-million dollar business. Here are four that were bought for a gold coin then turned into successful enterprises.

Private health insurer Medibank has been fined. The Federal Court found that Medibank misled customers when it told AHM policy holders they could not claim for certain items, even though they could.

Have a great day, everyone.

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