10 things you need to know this morning in Australia

Paul Crock/ AFP/ Getty ImagesSerena Williams.

Good morning.

1. Ouch. The Australian dollar is getting poleaxed following the release of the minutes from the US Federal Reserve’s January interest rate meeting. It was an ugly session for the Aussie, falling heavily against all of the major crosses, especially the greenback. It’s now sitting below the 79 cent level.


2. “It’s time to move on,” according to Deputy Prime Minister and his partner, and former staffer, Vicki Campion. Speaking to Fairfax Media a fortnight after their affair and pregnancy was revealed, Joyce has made a direct appeal to politicians and members of the public. He says since the news broke of the relationship, he and Campion have been hounded out of their apartment, and fear their baby will be viewed “somehow less worthy than other children”. The Sydney Morning Herald has the full interview here.

3. Hawkish turn. Some Federal Reserve officials think there’s a good chance that inflation remains below their 2% target, according to the minutes of their most recent meeting released on Wednesday. Wall Streeters have been focused on inflation since the meeting, concerned about it – and higher interest rates – helped plunge the stock market into a correction. According to Capital Economics, it’s only a matter of time before their biggest fear holds “the Fed’s feet to the fire”.

4. Hold on. The US stock market’s meltdown was just an “appetiser,” according to JP Morgan. Andrew Sheets, Morgan Stanley’s chief cross-asset strategist, says the main course is yet to come as the market remains “in the late stages of a late-cycle environment.” He’s not the only one calling it. Henry Blodget also thinks this could be exactly what the start of a major correction looks like.

5. 12,000 satellites. Not only is that how many Elon Musk plans to launch to blanket Earth in high-speed internet, but it’s more than twice the number of all satellites launched in history. The mission is set to lift off from California on Friday at 1:17 am AEDT. Here’s link to the live stream of the event for you to bookmark or watch live.

6. Here comes a cryptocurrency dark pool. Some of the largest crypto hedge funds have poured $43.4 million into Republic Protocol, a company that’s building a platform for traders who are looking to operate in the shadows. The dark pool will allow for large investors to make anonymous trades, off exchanges, as to not impact prices in the broader market.

7. “I almost died after giving birth to my daughter”: Serena Williams has revealed that she almost died giving birth to her daughter, Olympia. In a first-person account for CNN, the 23-time Grand Slam champion detailed the pulmonary embolism she suffered and the other complications that followed after her emergency C-section.

8. Word of warning for the fitness fanatics. A 23-year-old Brazilian woman was left paralysed from the neck down after a sit-up accident at the gym. Marcelle Mancuso fell off a piece of equipment while attempting an inverted sit-up (a tougher version of a regular sit-up which is performed at an angle, with your legs elevated and head close to the floor) and broke one of the vertebrae in her back, leaving her with no movement in the arms or legs. She has since recovered but says she’s learned to now appreciate the simple things in life.

9. Thousands of American students plan to attend a national school walkout over gun violence after the shooting in a Florida high school last week that killed 17 people. Staged protests and rallies are due to be held in Tallahassee, Florida, and Washington, DC.

10. Did he just do that? A 16-year-old North Korean speed skater was disqualified from his only Olympic event after he appeared to try to trip up a Japanese opponent. Despite the questionable actions, competitor Ryosuke Sakazume says he doesn’t think it was unintentional. “His hand happened to be by my skate as he fell down,” he said. We’ll let you be the judge.

Have a great day.

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