10 things you need to know this morning in Australia

Picture: Getty Images

Good morning.

1. Janet Yellen just chaired her last US Fed meeting, and nothing happened. Rates are on hold, a March hike is all but a lock, and bond yields edged higher. The US dollar found some support and the Aussie was sold off across the board after yesterday’s inflation growth miss. ASX Futures are down 21 points, and if you’re looking for an end to this crazy bull market, here’s the signal one $US2.8 trillion fund manager is watching for.

2. There are two big earnings reports out in the US today – Microsoft and Facebook. Both are expected to report solid growth, but there is increased interest in Facebook’s future trajectory after Mark Zuckerberg’s overhaul of its News Feed. Major content creators fear their influence on the site is being decimated, and trading app Robinhood says millennials are bearish on Facebook right now.

3. Did you stay up for the super blue blood moon? If not, you missed this show:

Picture: Getty Images

But all the amazing pics from across the world are right here, of the first time all the moon types have aligned since 1866.

4. Apple co-founder Steve Wozniak is out of bitcoin. He told an audience at the Nordic Business Forum last week he bought in at $US700 and used it when he travelled to places like Stockholm, where it is more widely accepted. But he sold it all recently because he didn’t want to be “one of those people who watches and watches it and cares about the number”. Unlike Erik Finman, who bet his parents that he wouldn’t have to go to college if he was a millionaire before age 18 — and he won by investing in bitcoin. Now he’s saying if you don’t become a millionaire in the next 10 years, it’s your own fault.

5. Wozniak also said while he and his wife own and love their Tesla, he doesn’t believe anything Elon Musk says any more. And he actually prefers his Chevy Bolt for short trips. But if you don’t like either; hold out for this:


It’s Jaguar’s entry into the EV market, and it’s fast and gorgeous.

6. North Korea is reportedly preparing a massive parade of missiles intended to “scare the hell out of” the US. That’s unlikely to work – unless you live in Hawaii, where a US Navy missile intercept test reportedly failed for the second time in a year. But a former US intelligence chief reckons he knows a way to topple Kim Jong Un without firing a shot.

7. Apparently, we’re living in a “golden age”. So the people in bars told Jim Edwards while he was at Davos last week, referring to robust economic growth around the world. But here’s why that’s actually scaring the bejesus out of everyone. Here in Australia, where everyone’s hip pockets are overflowing with cash (right?) after 104 successive quarters of recession-free growth, the PM just kicked off what could be an election year with promises of more tax cuts for businesses and middle- and low-income earners. Party on.

8. In the UK, Theresa May will release the Brexit impact paper after it was leaked to BuzzFeed. In Australia, all the cabinet leaks are coming from two actual cabinets which were offloaded to a second-hand furniture depot in Canberra. ASIC officers made their move this morning to at least secure the top secret docs while the ABC holds onto them.

9. Michelle Obama and Melania Trump exchanged what looked to be an awkward moment or two when they met last year at Donald Trump’s inauguration:

So what was in the box? Obama just told Ellen DeGeneres.

10. It’s never been proven, but ditching your mortgage early would surely help you live longer. Do it now by buying a house in the Italian town of Ollolai for $US1.25. Bonus – it can be renovated for around $US25,000. Bonus bonus – Ollalai is on the Mediterranean island of Sardinia, which is famous for having loads of people who live to 100 while enjoying port, chocolate and cigarettes.

BONUS ITEM: How to fix cricket. Even when the fielder is useless at the 0.35 mark:

Have a great day.

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