10 things you need to know this morning in Australia

Queenslanders. Picture: Getty Images

Good morning.

1. To markets, where everyone’s now waiting on Friday’s non-farm payrolls out of the US before taking any plunges. There was barely any movement in the US and Europe overnight, leaving the SPI 200 up just a few points and suggesting another nervous day’s trade after the ASX 200 closed down 1.03% yesterday.

2. In data today, locals markets get retail sales (your preview here) and international trade figures for April. The ECB will deliver its June monetary policy statement, OPEC members meet in Vienna, and the US gets weekly jobless claims and the ADP employment report for May. So another hectic session for Aussie dollar traders.

3. Finally, house prices are officially in freefall right across Australia. Ha, just kidding – they’re still rising. They were supposed to be heading down, according to NAB, due to things like investor restrictions and increased supply. But every capital city apart from Perth recorded a jump in prices for May. Sydney and Melbourne prices have rocketed 13.1% and 13.9% over the year to May. Here’s why, maybe.

4. “I think that’s two guys in an alligator suit.” Nope:


You’ve probably seen that dinosaur on the Florida golf course by now, and wondered if it was CGI. But they get bigger, believe it or not. Ken Rice, director of the Wetland and Aquatic Research Center of the United States Geological Survey, reckons that one is close to four metres. The current record for the longest American alligator is 4.8 metres.

5. Textor is back. The “Let Malcolm be Malcolm” refrain has been part of the noise around the federal election campaign in recent weeks. But as Turnbull’s pollster Mark Textor points out in his Business Insider column today, it’s really about supposedly serious people quoting “The West Wing” to support their decisions:

“Ultimately Malcolm’s and the Government’s success will be determined on how effectively he and they embrace his long established values and focuses his considerable talent on making our economy stronger and growing jobs with tax and other incentives, not by fulfilling the projected fantasies of the chattering elites on left or right

“But he requires at least three clear years to do that and in financial terms if he is loaned a vote his past successes suggest that he will pay this loan back to people with considerable interest.”

The full column is here and, as always, is worth the time.

6. Every year, Mary Meeker of Kleiner Perkins Caufield & Byers puts together a fascinating presentation on the state of the web. It’s chockers with insights and stats on the biggest trends in digital, like this chart on why Apple is the past, and Amazon is the future:

Best of all, she lets us run the whole thing, every year. Fill your boots.

7. Here’s another way to look at that Apple/Amazon comparison. On June 13, at Apple’s big WWDC event, it’s expected to announce voice commands, maybe change the name of Mac OS X to Mac OS, and a redesign for Apple Music. Meanwhile, Amazon boss Jeff Bezos, on stage at Vox Media’s Code Conference, is talking about moving heavy industry to space:

“You shouldn’t be doing heavy industry on earth. Resources are more plentiful in space. We can build gigantic chip factories in space, and then just send the little bits down.”

8. Queensland went one-up in the State of Origin last night. But the big loser was rugby league:

Ew.

9. Pumping nitrogen into coffee sounds like kind of trick only Starbucks would pull to mask the taste of their brown water. But as it turns out, it’s actually a very good idea. Silky and delicious, according to this report.

10. Here’s Chinese artist Zhao’s giant Lego replica of Nick, the fox from “Zootopia”, which took him three days and $15K to build:

I91mwqc9pkyftxguevj5webo.com/trushThe calm before the storm.

Here it is just seconds after he installed it at the Lego Expo in Ningbo, China:

Thanks very much, destructive brat who pushed it over.

BONUS ITEM: 17 years after the first soil was broken, the world’s longest and deepest tunnel, the Gotthard Base Tunnelin Switzerland, opened with the world’s bizarrest tunnel opening ceremony. Sit stunned, like the crowd of officials, and wonder:

https://youtu.be/JVw_mPvYcDM

Have a great day.

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