10 things you need to know this morning in Australia

Larry Busacca/Getty Images for CoachellaBeyonce Knowles performs onstage during 2018 Coachella Valley Music And Arts Festival on April 14, 2018.

Good morning.

1. US stocks rose for a second day on Tuesday on better-than-expected earnings reports. The Dow Jones was up 0.87%, while the S&P 500 rallied nearly 1.25%, led by Netflix which showed in its earnings report last night that it added nearly seven and a half million subscribers in the first quarter. Markets appeared to shrug off the latest rise in US-China trade war tensions as China slapped a 179% import tax on US sorghum, a key agricultural export. While investors remain nonchalant, Trump’s trade battles are starting to worry the American public.

2. Bitcoin just dropped sharply and suddenly. The price of the cryptocurrency fell by more than 2% in a matter of minutes Tuesday afternoon, roughly three hours after New York’s attorney general Eric Schneiderman announced an investigation into major cryptocurrency exchanges. It wasn’t immediately clear what may have caused the sudden drop, but Schneiderman’s letters to 13 major cryptocurrency platforms, including New York-based Gemini and Coinbase’s GDAX, could have a possible chilling effect on the crypto space at large. Earlier this morning, Bitcoin was trading at $7,900, down roughly $160 for the day.

Markets Insider

3. North and South Korea are reportedly in talks to announce an end to the Korean War, which has gone on since 1950. North Korean leader Kim Jong Un and South Korean President Moon Jae are due to meet face-to-face for the first time at the coming Kim-Moon summit on April 27 — and it may result in a peace announcement.

4. Australian property prices explained. Wondering why the housing market downturn largely reflects falling prices in Sydney and Melbourne? Well, as pointed out by Business Insider’s David Scutt, with Sydney and Melbourne home prices higher than the national average, much of the weakness at the top-end of the market reflects recent declines in these two cities. More on that here.

5. There is a serious problem in corporate Australia. The results of Australia’s Biggest Mental Health Check-In has found almost one third of those working in corporate roles suffer from some form of mental illness. Of those, 36% are suffering from depression, 33% from anxiety and 31% from stress. A decade ago, only one in five Australians were found to be suffering from a mental illness. Many workers don’t recognise they are suffering from a mental illness, with others still considered it too difficult to raise with a manager. Here’s a further overview of the results:

The results of Australia’s Biggest Mental Health Check-In. Source: Medibio

6. The NSW government has rejected plans for a Sydney Google HQ. The tech giant is still hunting for a site of its Australian headquarters after the state government knocked back its latest plan to set up in disused railway yards on the edge on Sydney’s CBD. Developer Mirvac had submitted an unsolicited proposal to the government for the redevelopment of land adjacent to the Carriageworks rail sheds at Eveleigh to build a hi-rise tech hub with Google as the anchor tenant. But it failed the required “uniqueness test” and the government wants to hold a competitive tender for the land instead.

7. Queen Bey. Beyoncé’s Coachella set has gone down in the history books as the most-viewed live performance on YouTube in the festival’s history, with 458,000 simultaneous global viewers at its peak. Beyoncé was joined in her Coachella set by over 100 singers, dancers, and musicians, including guest appearances from her former Destiny’s Child band members, her sister Solange Knowles, and her husband Jay-Z.

8. People are raising money on GoFundMe to buy billionaire Tesla CEO Elon Musk a new couch. The campaign started after Musk said in an interview with CBS he’d been sleeping on a couch at his Tesla factory, in Fremont, California as the company goes through what he called “production hell” for the company’s Model 3 sedan. But the couch is so narrow and uncomfortable Musk said he sometimes just resorts to sleeping on the floor. As of this morning, the campaign had nearly quadrupled its $US1,000 goal.

Ben Sullins/GoFundMe

9. Air France has a new boutique airline targeted at millennials — and not only does it look incredible but tickets start from less than $80. “Joon” has a number of millennial-friendly perks, including signature cocktails designed by Paris’ Experimental Cocktail Club, craft beer, and organic coffee. Here’s what it’s like to fly with the airline.

10. Record-breaking Roger. Tennis superstar Roger Federer has smashed yet another tennis record. This time it’s for spending 700 weeks – or 13.4 years – ranked in the top four male players in the sport. It adds to his other accomplishments including the most Grand Slam singles titles (20), the highest hard court match win percentage (87.6%). He was also the world’s oldest number one when he was briefly top of the tennis tree earlier in the year. And something tells us he’s not done yet.

Have a great day.

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