10 things you need to know this morning in Australia

SpaceX via Getty ImageA Tesla roadster launched from the Falcon Heavy rocket with a dummy driver named ‘Starman’.

Good morning.

1. Down, down, down. Growth in Australian housing credit is slowing, especially to investors. The pace of change is also getting faster. In the past, this has flagged the likelihood of further declines in home prices. More here.

2. On the other hand: iron ore prices are exploding. Look:

Benchmark 62% fines were up an incredible 3.4% to $85.34 overnight. This is all happening because of a catastrophe in Brazil at one of the world’s biggest mines, which killed at least 60 people and has dramatically changed the outlook for global supply. David Scutt has all the details.

3. Think you have a cost problem? Try being Facebook, where the expenses line rose by — get this — $US10 billion last year. Ten billion! All the details are here.

4. It’s official: Italy’s economy has slipped into recession after output in Europe’s fourth-largest economy contracted by 0.2% in the fourth quarter, on the heels of a 0.1% drop in the quarter before that.

5. Brexit. British Prime Minister Theresa May has raised the prospect of offering extra spending to leave-voting UK regions in a bid to try and win the support of Labour MPs for her Brexit deal. More here.

6. Apple’s product roadmap for 2019 and 2020: Apple typically launches new iPhones in September, and its plans are reportedly starting to be locked down now, according to Bloomberg. The biggest change to next year’s iPhones? A better camera.

Meanwhile, here’s what appears to be Samsung’s Galaxy S10 Plus.

91Mobiles

The image above is apparently a render by Samsung designed for the press that was obtained by tech site 91Mobiles. If accurate, the render gives away a few details of the Galaxy S10 Plus before Samsung’s big Unpacked event on February 20, where the company is expected to announce its new Galaxy S smartphones.

7. Elon Musk says Tesla cars will likely drive without human assistance by the end of the year.

8. Feel like you can’t escape Marie Kondo, Ted Bundy, and the Fyre Festival? It’s all Netflix’s fault. Here’s why.

9. Feeling over-committed and unhappy? We mistakenly assume we’ll have more time in the near future than we do right now.That’s one reason why we postpone mediocre commitments (and even enjoyable ones). But we don’t assume we’ll have more money in the near future than we do today, leading us to often prioritise money over time. This will help you rest your priorities and mindset so you can start next week afresh.

10. The definition of luxury is evolving, and the change applies to not only what people are spending money on, but how they’re doing it.

The 2019 handbook for Wealth-X, which examines the spending habits and preferences of people whose net worth is between $US1 million and $US30 million, says:

In the last few years, we have seen the crystallization of two luxury worlds: one which focuses on an encyclopedic choice of luxury products available at a click; another which is doubling down on the experience mantra.

Read more here about how millionaires are choosing to display their wealth differently than previous generations did.

BONUS ITEM: Hot tip: Polar vortex + wet hair = this…

Leaving the house with wet hair in the Midwest from r/interestingasfuck

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