Welcome to Monday.
1. Anti-trust investigation. Over the weekend, Business Insider’s Jim Edwards revealed the text of a draft executive order that could lead to a White House anti-trust investigation into Facebook and Google — two of the big tech companies which have helped to underpin this year’s rally in US stocks.
2. The World Economic Forum. Last week’s “Summer Davos” in Tianjin, China, saw Premier Li Keqiang say Beijing would not stand by and allow the yuan to continue weakening in a speech that moved currency markets. But the main conference featured scientists and industry discussing emerging technologies. What’s clear is that AI and machine learning are far beyond shiny new things, and many firms are well-advanced on integrating them into industries. As a result, there’s a risk many companies – or even whole national economies – could be left behind in the process. BI Australia editor-in-chief Paul Colgan was there and has a detailed overview here.
3. The Australian dollar is under pressure again, falling heavily in early Asian trade on Monday and losing ground against most of the major crosses, especially the greenback. At 7.25am AEST, the Aussie was down 0.29% to 0.7268.
News that trade negotiations between the US and China have broken down may explain the sudden burst of selling.
4. Australian auction clearance rates across Australia’s capital cities rebounded fractionally last week despite more properties being taken to market, recovering after hitting a multi-year low in the middle of September. According to CoreLogic, a preliminary combined capitals clearance rate of 55.5% was achieved, up from 55% seen one week earlier. More here.
5. Needles were found in a punnet of strawberries sourced from Western Australia in a leading New Zealand supermarket over the weekend. Countdown has now withdrawn the particular brand of strawberries from sale and is advising customers to cut up strawberries before eating them.
6. Elon Musk just gave the most revealing look yet at the rocket ship SpaceX is building to fly to the moon and Mars. A Japanese billionaire will embark on a journeyaround the moon in the new SpaceX launch system, called Big Falcon Rocket or BFR. Here’s one of the new illustrations Musk shared of the system, along with photographs of its hardware.
7. Four sharks have been killed following two attacks in North Queensland’s Whitsunday islands last week. A 3.7 metre Tiger shark is the largest caught since the attacks but a spokesperson from Queensland Fisheries could not confirm whether the shark was responsible for either incident.
8. The new iPhone XR, XS, and XS Max are out — but here are 8 reasons why you should get the iPhone 7 instead. (For one, it’s not as expensive yet you still get the same great iOS experience)
9. Before you quit carbs, read this. Several new studies suggest that people who eat a moderate amount of carbohydrates live longer than people on both low-carb and high-carb diets. That doesn’t mean you should gorge on white bread and cake. Instead, researchers are discovering that people who eat more plant-based foods of all kinds, including carbs, have some of the best health outcomes.
10. The Tiger Effect. Tiger Woods completes first win since 2013 as celebrating crowd mobs the course in surreal scene chanting Tiger’s name and “USA! USA! USA!”
Have a great day.
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