10 things you need to know this morning in Australia

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The Office/ IMDb

Good morning.

1. The US and China have declared a 90-day truce on new tariffs to allow for trade negotiations. It comes after a two-and-a-half hour meeting between US president Donald Trump and his Chinese counterpart Xi Jinping at the conclusion of the G20 leaders’ summit in Buenos Aires on Sunday.

2. The Australian dollar has surged to its highest level since mid-August in early trade on Monday following news of the temporary trade truce, although many strategists are sceptical as to whether it will last beyond the short-term. At 7.50am AEDT, the Aussie is sitting at 0.7379.

Thomson Reuters

Want more? Here’s what you need to know about the week ahead for markets.

3. After briefly slumping back below $US4,000 on Friday night, Bitcoin clawed back ground over the weekend. Here’s a look:

Markets Insider

4. British PM Theresa May has just 9 days to avoid an enormous defeat on her Brexit deal. She has spent the last week touring the UK in an attempt to get the British public behind her Brexit Withdrawal Agreement and encourage them to tell their MPs to vote for it on Tuesday, December 11.

5. CBA customers’ medical data may have been exposed in a potential privacy breach. The bank is urgently investigating the issue. It’s not yet known how many people may be affected. The ABC has more.

6. An astronaut says a neglected telescope is NASA’s best chance of defending Earth from “city killer” asteroids. Retired astronaut Rusty Schweickart says a relatively inexpensive space telescope, called the Near-Earth Object Camera, could find these space rocks – and quickly. “For God’s sake, fund it as a mainline program. Don’t put it in yet another competition with science,” Schweickart said. “This is a public safety program.”

7. Firefighters in Queensland have battled through a weekend of winds and high temperatures as more than 110 blazes burned across the state. As of last night, 527,000 hectares of land had been destroyed throughout Queensland. Residents at Captain Creek were the latest to prepare to leave as the Queensland Fire and Emergency Services said the nearby bushfire and conditions could get worse. More info on that fire here.

8. Smartphones have tightened their grip on Australian lives. In fact, many (39%) think they use their phones too often. And while about a quarter (26%) are successful in limiting use of their smartphones, 34% are trying but not succeeding. Read more from the 2018 Deloitte Mobile Consumer Survey here.

9. Parents, don’t get ripped off: Fortnite: Battle Royale is a free game and probably always will be. Before buying anything related to the game for your kids this Christmas, know that major retailers offer a number of different “Fortnite” bundles, but they mostly add additional bonuses to the free game, like costumes and in-game currency – the game itself is, again, free.

10. Even if you’re dreading your office Christmas party, you still have to go. Holiday work parties are a key way to show your colleagues and the company leadership that you’re a team player and are invested in your company. Luckily, you don’t have to stay for the entire bash — here’s your survival guide for this year’s end of year work party.

BONUS ITEM: This startup founder got hit by a bus, broke 8 bones, had to get 5 plates and 32 screws, and spend several weeks in hospital — here are 7 things he learned about business in the process.

Gary Elphick/ FacebookGary Elphick, founder of DisruptSports

Have a great day.

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