10 things you need to know this morning in Australia

What production hell looks like. Picture: Getty Images

Good morning.

1. First, to markets, and it’s all about earnings in the US. Specifically, Tesla, which just posted a much bigger loss than expected, and said it was cutting production of Model S and Model X vehicles to rescue its Model 3 from “production hell”. Facebook was up next, and once again, it crushed earnings. The US Fed met last night, and barely moved the needle by keeping rates on hold. The WSJ reports the White House has contacted Jerome Powell to confirm his appointment as the next Fed chair. Late tonight, the Bank of England is expected to raise rates. The Aussie dollar is all over the shop.

2. Workers at Amazon’s new warehouse in Melbourne will be greeted with this sign:

Amazon Australia’s first fulfilment centre in Dandenong South, Melbourne. (Quinn Rooney/Getty Images)

Every day, because for Amazon employees, every day is “day one”. Founder Jeff Bezos first used the phrase in a letter to shareholders when Amazon became a public company in 1997, closing its first day at $US1.96. It’s now sitting around the $US1,100 mark, and here’s why the “day one” philosophy has a lot to do with how Bezos has crushed all before him.

3. The man who carried out an attack that killed eight people and injured at least 11 others in New York City was Sayfullo Habibullaevic Saipov, a 29-year-old immigrant from Uzbekistan who arrived in the US in 2010. Police say he planned the attack for weeks, and followed, “almost exactly to a tee”, the instructions ISIS put on its social-media channels for how to do it. Apparently, he’s been laughing and bragging about the death toll from his hospital bed. And police had questioned him in 2015 in relation to a separate counterterrorism investigation. Trump unloaded.

4. And the CIA just released Osama Bin Laden’s journal and other documents from the 2011 raid in Pakistan, including scans of his personal journal, audio, and video files. But they’re still holding onto his extensive porn collection. They did, however, find that bin Laden had the “Charlie bit my finger” video on his computer at his time of death.

5. Dustin Hoffman has apologised for harassing and groping a 17-year-old woman in 1985, and ordering one of the most bizarrely inappropriate boiled eggs of all-time. And three tenured Dartmouth College professors have been placed on paid leave after while authorities investigate a 2012 study they authored on how images of food and sex affect the brain. For the study, 58 students had brain scans while viewing images, including sexual scenes. Six months later they were weighed and questioned on their sexual behaviour. That’s 58 female students.

6. Never rely on tech in demonstrations about tech. It’s the golden rule, and one we saw broken recently when Apple’s FaceID failed to ID a face during its biggest moment on stage. Today, it’s Microsoft’s turn. Here’s the cringeworthy moment when a Microsoft employee had to download Google Chrome in the middle of his presentation, because Edge wouldn’t do the job:

7. It’s official – climbing one of Australia’s most famous landmarks, Uluru (previously known as Ayers Rock), will end in two years after Uluru-Kata Tjuta National Park Board voted unanimously to ban the practice from October 2019. Uluru traditional owner and board chairman Sammy Wilson said Uluru was “not a playground or theme park like Disneyland”.

8. There’s a US Congress hearing going on right now into how deep Russia’s alleged meddling in the 2016 US election went. But forget about the US election for a second – here’s a story about how Russian actors organised both anti-Islam and pro-Islam protests on May 21 in the exact same location in Texas using separate Facebook pages. Facebook’s Mark Zuckerberg, Google’s Sundar Pichai, and Twitter’s Jack Dorsey don’t think that kind of stuff is important though – they sent people to speak on their behalf instead of turning up for the hearing.

9. Startups and VCs are so early-2017 now that ICOs have arrived, but there once was a time when everybody was trying to turn their idea into a $1 billion-funded business they could flog off as soon as possible, and make all the employees instant millionaires. Spencer Rascoff did it way back in 2003, when Expedia bought his travel website Hotwire. But all the employees didn’t become instant millionaires, because Hotwire was built on VC money. Here’s the sad truth all startup founders need to hear.

10. British journalist Emma Freud was feeling melancholy after seeing her 20-year-old son off to university in America, so she posted a a question on Twitter:

And got many replies just as moving as this:

Here are our picks from a powerful bunch.

BONUS ITEM: What do you think of this new Apple Store? “That’s dope. That’s lit.”:

Have a great day.

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