10 things you need to know this morning in Australia

[View this email via your browser]( [Business Insider Australia]( [Twitter]( [Facebook]( [LinkedIn]( [Enable Images to View]( [Enable Images to View]( [10 things you need to know this morning in Australia]( Morning, folks. [Enable Images to View]( [The Australian government wants to put the economy into 'hibernation'. Here's what it means.]( The Federal Government has revealed its economic plan for surviving the COVID-19 outbreak is to effectively put businesses into what it refers to as 'hibernation'. [Enable Images to View]( [The Reserve Bank says the economic fallout from coronavirus will last beyond June]( The shutdown of the economy caused by COVID-19 would reverberate into the second half of this year, the minutes from the Reserve Bank of Australia's special March meeting show. [Enable Images to View]( [Soaring property prices look like they've finally hit a wall, as the coronavirus looks to send the market tumbling]( Australian property prices rose by 0.7% in March, its smallest rise since July. It came as buyer confidence plummeted due to the coronavirus outbreak, with CoreLogic observing a marked shift in the market halfway through the month. [Enable Images to View]( [A list of companies in Australia which are adapting and changing to serve customers through the coronavirus pandemic]( Companies are doing their bit to support Australians during the coronavirus outbreak. For example, McDonald's is offering milk and bread through its drive thru. [Enable Images to View]( [Enable Images to View]( [Uber sent an email to its Australian drivers recommending they apply for the federal government's new JobKeeper wage subsidy]( Uber has emailed its Australian drivers recommending they apply for the federal government's JobKeeper wage subsidy, if they are eligible. The JobKeeper payment, which is available to sole traders if they have taken a hit to their income due to the coronavirus, is $1,500 per fortnight. [Enable Images to View]( [Zoom's security and privacy problems are snowballing]( The videoconferencing service Zoom faces multiple reported security issues as both use and scrutiny increase. In a 48-hour period, reports surfaced that Zoom didn't use end-to-end encryption for its video meetings and had leaked thousands of email addresses to strangers. [Enable Images to View]( [The US intelligence community has reportedly concluded that China intentionally misrepresented its coronavirus numbers]( The US intelligence community has determined that the Chinese government concealed the extent of its coronavirus outbreak and gave false statistics to other countries, Bloomberg News reported, citing three US officials. [Enable Images to View]( [Dow slumps 800 points after Trump warns of 'painful' times to come and a 'shocking' coronavirus death toll]( US stocks fell sharply on Wednesday after President Donald Trump told the country to brace for a "very, very painful two weeks" amid the coronavirus pandemic. [Enable Images to View]( [A quick finger-prick blood test can determine whether you've ever had the coronavirus. It could be widely available within weeks.]( Experts are racing to develop tests that can identify who has recovered from COVID-19 and may be immune. These serological tests search for coronavirus antibodies in the blood. [Enable Images to View]( Business Insider Australia © 2020 [Pedestrian Group]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](