10 things you need to know this morning in Australia

What lies beneath. Picture: Getty Images

Good morning.

1. Traders in the US are now dealing with a 0% likelihood of higher interest rates before Christmas after the US Fed said it would start shrinking its balance sheet “relatively soon”. Traders in Australia are now dealing with an Aussie dollar that closed above US80 cents for the first time since May 2015.

2. The US military won’t accept transgender people. Here are the tweets from the US president:


The question is, did it come from Trump, or Secretary of Defence Jim Mattis, who has stonewalled the implementation of former US president Barack Obama’s decision in 2016 to allow transgender people to openly serve. Or is it a political play to force Democrats to take ownership of the issue?

3. Tech leaders were quick to defend the up-to 10,700 transgender people estimated to be already serving in the military. Here are the statements from the heads of Facebook, Google and Apple. Here’s decorated transgender Navy SEAL Kristin Beck challenging Trump to look her in the face and tell her she’s not worthy of her Purple Heart. And here’s the figures that show the US military spends up to 10 times as much on erectile dysfunction than it ever would on transgender services.

4. Australia’s Emma McKeon finally matched US phenomenon Katie Ledecky. At the World Swimming Championships in Budapest, McKeon tied with Ledecky in the 200m freestyle final – but it was for silver. Italy’s Federica Pellegrini pipped them both to hand Ledecky the first defeat of her individual championship career.

5. Elon Musk loves showing investors he can do stuff. So, just a couple of months after he said he was thinking about an idea to move cars under cities through a 30-layer deep network of tunnels, he’s already dug one, in LA. And yesterday, he showed how your car will access those tunnels. Like this:

A post shared by Elon Musk (@elonmusk) on


The Boring Company is real-er right now than any Hyperloop ever will be.

6. More than 1 in every 4 people on the planet now uses Facebook every month. That’s nearly twice as many as in 2014, when Princeton researchers said it would lose 80% of its users by 2017. Ouch. And while Snapchat’s value plummets, Facebook’s stock is up, ooh, 40% this year. And it just beat Wall Street’s expectations across the board for its second quarter earnings. Here’s that impressive revenue chart that just keeps rolling out every quarter:

7. North Korea. Donald Trump. Global pandemics. Central bankers. Cyberattacks. Donald Trump. These are the things that keep analysts at $US650 billion fund PGIM Fixed Income up at night. Here’s why.

8. Scientists with NASA funding are the best scientists. Because when a 1-in-100 year total eclipse passes over the US from west to east, they get to follow it in two high-speed jets. So on August 21, the team from the Southwest Research Institute will experience a total eclipse that lasts nearly seven minutes.

9. Looking for a new job? This is the map you need:

Source: Department of Employment

Tradies and machinery operators, aim for the light blue areas.

10. Here’s drone footage of a huge crocodile dragging a whole cow down a river in Western Australia. And if that makes you nervous about things in the water that might eat you, this wetsuit is designed to stop shark attacks by making you invisible to them.

BONUS ITEM: Well this is just embarrassing:

Have a great day.

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