10 things you need to know this morning in Australia

Mark Nolan/Getty ImagesNot that sport is a metaphor or anything, but the Sydney Roosters, based in Malcolm Turnbull’s electorate, had the chance to remain at the top of the NRL ladder yesterday, but lost narrowly and unexpectedly to the Canberra Raiders.

Good morning. Let’s get this week cracking.

1. It’s ON!-ish-esque. Malcolm Turnbull must know how the Wallabies felt in the second half of their drubbing by the All Blacks in Saturday’s Sydney test when looking at the polls today. Preferred PM has been Turnbull’s one bright spot as the government has continued to trail Labor in the polls. Today, a little less so.

The latest Fairfax-Ipsos poll has the Coalition’s primary vote collapsing six points from 39% to 33% to trail Labor by 45% to 55% in two-party preferred terms.

After deciding to change his energy policy late on Friday in a bid to quell backbench dissent, he’s now considering also dumping another signature Coalition policy – the company tax cuts for large businesses.

Meanwhile, the jungle drums are growing louder for Home Affairs minister Peter Dutton mounting a leadership challenge as soon as this week.

And who needs megaphone diplomacy when you have Twitter? Fresh from telling young Liberals in Tasmania that he looks forward to serving in a “Dutton government”, former leader Tony Abbott offered his boss some advice on energy policy via Twitter.

You can imagine the PM’s finger hovering over the block button.

BI’s editor-in-chief Paul Colgan says Turnbull’s leadership is now in a full-blown crisis and outlined the current state of play and the issues plaguing the PM here.

2. To markets, which overall are positive. Gold, other base metals, and oil prices all edged higher to end last week, and US stocks were up on reports of a US-China trade deal by November, with the Dow at 25,669.32 and the S&P500 just off record highs at 2,850.13. The AUD/USD is up 0.8% at 0.7316 amid improving risk sentiment and the ASX looks set for another positive start. The good news if you’ve got a job in Venezuela is the government hiked the minimum wage by 3,000% as it struggles to stabilise the economy. But the bad news if you’re savings are in bolívars is the currency was devalued by around 95%.

3. Woolworths sales are booming. Annual results, released this morning, reveal the supermarket chain recorded its strongest sales growth in years to post a 12.5% lift in full year profit to $1.72 billion. Comparable sales growth was 4.3% – more than double rival Coles – with overall revenue up 3.5% to $57.19 billion. Shareholders scored a 22.6% increase in dividends to 103 cents a share, including a 10 cent special dividend.

4. The RBA is keeping its 2-3% target band for inflation, even after cutting its near-term inflation forecast to 1.75% in 2018. And on Friday governor Philip Lowe preferred to look on the bright side of life, saying low inflation is “good news”, because it eases cost of living pressures for households. But most economists don’t believe the central bank can be happy with inflation so low.

5. Conscious unfollowing? Tesla CEO Elon Musk and girlfriend, indie musician Grimes, appear to have stopped following each other on social media. Musk unfollowed Grimes on Twitter early Sunday. He should probably unfollow himself since here’s every bizarre thing that happened since Musk sent his “funding secured” tweet on taking Tesla private. Oh, and could Apple buy the company?

6. Speaking of political rivalry, cop this Kiwi PM and new mum Jacinda Ardern. New Zealand’s Minister for Women, Julie Anne Genter, cycled to hospital at 42 weeks pregnant on Sunday to give birth.

The Green MP is having an induction and said the ride was mostly downhill. No news yet on whether the country has a future All Black or Silver Fern.

7. Does Sydney’s train network collapses still count as news?. Apparently “intermittent anomalies” in the network’s IT system following an attempted software upgrade early on Saturday crippled Sydney trains as 100,000 people tried to head to Homebush to watch football. Premier Gladys Berejiklian and Transport Minister Andrew Constance apologised. Again. No refunds though. Authorities say they don’t think it will happen again. Again.

8. The co-founder of fashion brand Superdry, Julian Dunkerton , donated £1 million ($AU1.74m) to the campaign for another EU referendum before Brexit happens next March. The People’s Vote is part of a growing push for a public vote on the final deal and Dunkerton’s money will fund opinion polls. He also has footballing legend Gary Lineker on his side. Dunkerton says Superdry “would never have become the global success” if Brexit had been in place at the time.

9. Remember ‘Tricky Dicky’ Nixon’s “enemies list”? Neither do we, but after US President Donald Trump revoked the security clearance of CIA Director John Brennan, and listed nine other former intelligence and law-enforcement officials whose clearances are under consideration, there’s something eerily familiar with the way the White House is dealing with its critics.

10. Ads on Netflix? The streaming service has been testing ads as “recommendations” on its original content. Perhaps it’s just so you have a chance to head to the loo and make a cup of tea while binge-watching Breaking Bad.

BONUS ITEM: How to use one of the best features on Spotify.

Have a great day.

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