1. Bitcoin split. There’s now something called “bitcoin cash”, a form of the cryptocurrency built on a blockchain network that is faster and more scalable. Old BTC heads mutter that it’s too prone to hacking, but all you really need to know is that it might affect the Bitcoin price one way or the other, and no one really knows how, why or when that could happen. So nothing’s changed. Ethereum, however, is rising on the news.
2. Apple stock is surging after it beat Wall Street’s expectations for earnings per share and revenue, thans in part to a surprise big performer. People are still buying iPads! Sales were up 14% year-over-year, while everything else remained flat. It sets up a strong finish to the year with the iPhone 8 potentially sparking a “super cycle” for the tech giant when it’s launched in September.
3. The US dollar finally climbed off the mat, despite soft PMI and inflation data in the face of solid Eurozone growth. It knocked the Aussie, Canadian loonie and Kiwi dollar all lower this morning. And bond yields across the US, Australian and German markets all followed similar paths, rising early before falling back again. JP Morgan analysts are still split on where US markets are heading, despite another record high for the Dow, and ASX200 SPI futures traders are a little down in the mouth this morning.
4. The US president has has spent most of his weekends as president at Trump properties, particularly his golf resorts. And he just told members at one of them why. Apparently:
But his luxurious St. Martin estate isn’t exactly desirable either. Trump bought it in 2013 and now wants to sell it, but has had to drop the price from a whopping $US28 million to $US16.9 million. Records show he’ll take a hit – here’s a look inside.
5. Meet the real guardian of the galaxy:
Her name is Catharine A. Conley, and she is NASA’s current and sole planetary protection officer tasked with ensuring we Earthlings don’t ruin other planets when we land on them. It’s a real risk, and NASA is looking for another planetary protection officer. You’ll get a sweet $US187,000 per year, plus benefits, for three to five years, and the coolest job title in the universe.
6. Just look at what all those get-rich-quick reality shows about flipping and crappy Bunnings-powered lipstick-on-a-pig reno jobs have done to this country. The latest Household Income and Labour Dynamics in Australia survey shows the rate of home ownership among 18 to 39 year olds fell from 36% in 2002 to 25% in 2014. Average home debt grew from $169,000 in 2002 to $337,000 in 2014. But if you feel sorry for millennials, spare a thought for those who have to live with them. The proportion of women aged 22 to 25 living with their parents rose from 28% in 2001 to 48% in 2015 and for men, 42% to 60%. And there’s a lot more HILDA awfulness where that came from.
7. So what’s the solution if you’re a Young Person? Invest, and wait. A recent investment risk analysis performed by personal finance website NerdWallet showed there was almost no chance young investors will lose money over 40 years.
8. Professional hackers were invited to break into dozens of voting machines and election software at this year’s annual DEFCON cybersecurity conference. So they did – into all 30 machines, where they could see all the votes cast and manipulate the results.
9. Things aren’t about to end well for this Kim Jong Un-shaped dummy:
Here’s video of a South Korea testing its new missile that could kill Kim deep inside a bunker. Here’s a US senator saying we should take out all of North Korea. Here’s China rolling out it newest ICBM, the DF-31AG. And here’s Russia telling NATO it will only send 13,000 troops to Belarus for exercises, but actually handing 100,000 troops a “one-way ticket”. This is going well.
10. Here’s a great note to Australian startup CEOs about why they need to stop crying into their appletinis and focus on building their business, rather than whinging about the lack of people willing to make them instant billionaires on the whiff of an idea. And it’s from a startup CEO, so it counts.
BONUS ITEM: Yes. Yes it does.
— CBS News (@CBSNews) August 1, 2017
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