Just two days after slashing international routes by 90% Qantas has stood down two thirds of its workforce. Twenty thousand workers now face an uncertain year. Boss Alan Joyce warned the future of the national carrier is at stake on what he called a terrible day.

The Business

Qantas stands down 20,000 workers

The RBA Governor says he expects to see signicant and deep job losses. Philip Lowe's comments comes as the RBA slashed rates to near zero and unveiled a $90-billion war chest to lend to banks for struggling business.

The RBA cuts rates to the bone

As the RBA unleashes its heaviest firepower, the boss of the country's biggest bank has warned the unfolding crisis will be worse than the GFC. CBA's Chief Executive, Matt Comyn, speaks to ELysse.

Extended interview with Matt Comyn

Stocks like afterpay and Qantas lead the losses on markets. Julia Lee from Burman Invest speaks to Rachel.

Thursday markets with Julia Lee

With public spaces deserted and wallets snapping shut because of employment fears, it is a tough time to be selling anything.

Corona virus containment cuts deep

Fiona Clark from Merricks Capital speaks to Rachel.

Wednesday markets with Fiona Clark

Billionaire investor Mohammed El-Erian says the world that emerges on the other side of the downturn will be very different. Rachel spoke to him from California.

Extended interview with Mohammed El-Erian

Qantas slashed it's international flight capacity by up to 90% and perhaps more tellingly, it has cut its domestic capacity by 60%. It's all pointing to expectations the economic impact of Covid-19 is going to be felt much deeper and for far longer then previously anticipated.

Qantas makes deep cuts to its capacity

Central banks and governments around the world are scrambling to keep economies afloat as the coronavirus contagion sweeps across the globe. In Australia the RBA is poised to announce its next move on Thursday. Economist Stephen Koukoulas speaks to Rachel.

Stephen Koukoulas speaks to The Business

A supermarket rally helped stocks to one of their largest one day gains ever. Jun Bei Liu from Tribeca Investments speaks to Rachel.

Tuesday markets with Jun Bei Liu

Chief Executive of the Grattan Institute John Daley speaks with Rachel.

Interview with John Daley

As markets haemhorrage money, the US Federal Reserve has announced emergency pandemic measures, slashing its interest rate by a full percentage point. Here, the Reserve Bank has announced it stands ready to pump billions of dollars into markets.

US Federal Reserve slashes rates to nearly zero as RBA prepares to pump billions into markets

Evan Lucas from InvestSMART speaks to Rachel.

Monday markets with Evan Lucas

Veteran investor Geoff Wilson from Wilson Asset Management says there's no way of knowing where the bottom is and that the covid-19 crisis is like the 1987 crash and the GFC combined. He speaks to Rachel in the studio.

Extended interview with Geoff Wilson

The impact of coronavirus has already ripped through the travel and tourism sectors as flight bans and fear slash visitor numbers. Now Australia's going into shut-down. The government's upped it's warnings banning public gatherings of more than 500-people. That impacts more than just people having a good time but also thousands of jobs and billions of dollars.

Corona chaos puts the brakes on Melbourne's formula one

The day's business and finance news, with the latest trends on international share and currency markets, pointing to what Australians can expect in the day ahead.

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