10 things you need to know this morning in Australia

Even the army is happy. Picture: Getty Images

Good morning, and congratulations Zimbabwe.

1. It’s official – Amazon Australia will start selling products tomorrow. Some sellers received an email yesterday telling them they need to be ready by 2pm AEDT tomorrow. “As your products will be able to be purchased, please make sure your pricing and stock is up-to-date,” the email says. It could be a great Black Friday for Australian shoppers. For retailers who aren’t Amazon Australia, not so much.

2. On markets, for the first time in 17 years, US 2-years bonds are trading higher than their Aussie counterparts. The Korean won is rallying, and the US dollar got a beating from the Mexican peso. The Aussie caught a bid and is back at US75.8 cents, and futures traders have a strong opening pencilled in for the ASX200. September construction data comes in from the ABS at 11.30am (AEDT).

3. Ooh:

Aston Martin

Aston Martin finally got around to giving at least one of its cars a decent bum. Meet the new Vantage. It can hit 100km/h from a standstill in 3.6 seconds and reach a top speed of 313km/h. If you want to know how much it costs, you can’t afford it.

4. Here’s your millionth warning that Bitcoin and ICOs are a bubble:

“With cryptocurrencies, the value being stored is simply everyone else’s agreement that there must be value here. There is no other asset.
And that is what a bubble looks like.”

Jim Edwards says it’s the “tech bubble we’ve been waiting for”. Venture capitalist Bill Gurley agrees – but he doesn’t think Bitcoin is a fraud. It blew past $US8,300 overnight.

5. The Mugabe era is over, finally. Parliament cheered the announcement he had officially resigned, celebrations broke out in the streets, and people were heard chanting “new Zimbabwe”. Let’s hope the next guy is better for the once-rich country, which has been on one of history’s saddest, most spectacular downward spirals since a guerrilla struggle ended white-minority rule in 1980. In other news, the Queen is now the world’s oldest head of state.

6. Startup Muster has released its fourth annual deep dive into the Australian startup sector. Here’s everything you need to know about where they work, in what industry, their expectations and funding sources. And here’s why the entire Australian startup sector could be heading for a whole lot of hurt.

7. Sydney FC won the FFA Cup with a 2-1 scoreline over Adelaide United after the game headed into the second period of extra time. A thriller, then. But not so much for this ballboy who got tackled by United’s Michael Marrone:

Then again, he may have deserved it for trying to be funny when there was just nine minutes left on the clock in a title match. Anyhoo, it sparked a good-sized brawl.

8. Here’s a real physics and math professor telling us how time travel to the future is “definitely possible”.

9. Rich kids get richer and poor kids get poorer, right? Not according to US Shark Tank shark and real estate mogul Barbara Corcoran. She grew up as one of 10 kids in a two-bedroom house, and it plays a huge part in why she won’t even invest in rich kids’ businesses.

10. Graham Flanagan had been an iPhone user for 10 years. But here’s what happened when he switched to the Google Pixel 2 for a week. Hint – switched, maybe permanently.

BONUS ITEM: Of all the great things Japan gave to the world, game shows are the best:

Have a great day.

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