10 things you need to know this morning in Australia

IMDbUptown funk

Good morning.

1. The Australian dollar continued to inch higher against the greenback on Thursday, briefly trading at .7150, the highest level in two weeks. But it finished mixed against the crosses, once again paying scant attention to the Jekyll and Hyde-type mood swings seen in stocks around the world. At 8am AEDT, the Aussie was up 0.15% to 0.7141.

Investing.comAUD/USD Hourly Chart

2. There has been a dramatic new twist in the case of the missing journalist Jamal Khashoggi. Turkish President Recep Tayyip Erdogan has suggested the Saudis might have covered up a murder, and Turkey has “certain evidence” Khashoggi was killed in the Saudi consulate in Istanbul.

3. The RBA is keeping a close eye on credit growth and availability following a period of tightening lending standards, which it says could become even tighter depending upon the outcome of Australia’s Banking Royal Commission. It comes as the Reserve Bank sounds increasingly concerned about Sydney and Melbourne’s housing markets, noting that “prices had declined noticeably”. It still believes the next move in official interest rates is likely to be higher, albeit with caveats attached to that call. It also has a bit to say about the risks to household spending. Read that here.

4. Amazon just expanded to groceries in Australia, adding thousands of pantry items from more than 400 local and international grocery brands to its offering. The move will certainly increase pressure on local supermarkets including Coles and Woolworths. Read the latest here.

5. The royal tour continues. So far on their trip, the Duke and Duchess have met an indifferent koala and a not-so-indifferent 98-year-old royal superfan, who has met Prince Harry on his last three trips to the country. They’ve also been given their first royal baby gifts — a tiny pair of Ugg boots and a toy kangaroo.

6. Settled. A judge has approved Tesla CEO Elon Musk’s settlement over a fraud charge with the US Securities and Exchange Commission, with Musk agreeing to step down as chairman for at least three years. Both Musk and Tesla will also pay $US20 million fines. Tesla rallied as much as 5% following the news. All eyes will now turn to Tesla’s third-quarter earnings report, expected at the end of October.

7. China’s H-20 nuclear stealth bomber might be unveiled next year — and it could pose a serious threat in the South China Sea. Chinese media have reported that Beijing would unveil the stealth bomber during a parade marking the 70th anniversary of the People’s Liberation Army Air Force. While the released date has not been officially confirmed by the Chinese military, the aircraft would certainly bolster Beijing’s territorial claims in the contested region, and pose a threat to Taiwan and even US aircraft carriers in the Pacific.

8. The Bux stops here. A Perth-based startup with an app promising cheap international money transfers has been put into liquidation after it raised at least $65 million from investors, some of them reportedly high profile sportspeople. Evidence was given to the Australian Federal Court that cash raised went to fund the private expenses of those associated with the startup and that the app didn’t do what it was meant to. Chris Pash has more.

9. Jeff Bezos makes people watch this 1975 TV episode to understand what his space company is all about. It featured famed science-fiction author Isaac Asimov and physicist Gerard O’Neill, who discuss the need for humanity to leave Earth – a notion that Bezos believes with “increasing certainty”. You can watch the 30-minute video here.

10. It’s a dancing machine. Boston Dynamics’ door opening robot dog can now moonwalk to “Uptown Funk” — not kidding. It can even booty shake. Take a look:

BONUS ITEM: A US Border Patrol beagle sniffed out a roast pig hidden in luggage at Atlanta airport — and he looks very pleased with himself.

Have a great day.

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