1. Here come the tariffs. US President Trump just rolled out a massive list of $65 billion worth of Chinese products that will face new tariffs, taking the next step toward a crackdown that experts fear will trigger a trade war. The list includes a wide array of products including raw materials, construction machinery, agricultural equipment, electronics, medical devices, and consumer goods. The 25% tariff will apply to roughly $65 billion worth of goods imported to the US from China.
2. Avoid the Sydney Harbour Bridge. A police operation has closed several lanes on the Sydney Harbour Bridge this morning. Police were called in just before 6am after an unauthorised man scaled the bridge. Police are negotiating with the man. While that continues, police ask that motorists avoid taking the bridge, and use alternative routes into the city. Delays are already extensive. Trains lines are not affected by the police operation. We’ll update you with any further developments here.
Sydney Harbour Bridge: A man has illegally climbed the southern arch of the bridge. Some lanes closed in both directions due to the police operation. Lengthy traffic jams both sides of the bridge. Live updates on @sunriseon7. https://t.co/jKxA4LcbjG #SydneyHarbourBridge #7News pic.twitter.com/evMrLI0p36
— 7NEWS Sydney (@7NewsSydney) April 3, 2018
3. One person is dead and at least four others are injured after a shooting at the YouTube headquarters in San Bruno, California. The shooter, believed to be a white female adult, opened fire at the internet company’s office, injuring four others. San Francisco General Hospital has received three patients, including a 36-year-old male in critical condition, a 32-year-old female with serious injuries and a 27-year-old female in fair condition. More here.
4. Queensland continues to cop it as Tropical Cyclone Iris tracks south-easterly along the coast with gale force winds and heavy rainfall. The Bureau of Meteorology said earlier this morning that the category two cyclone was 225km northeast of Hamilton Island and 295km north-northeast of Mackay. A cyclone warning remains in place from Bowen to St Lawrence, including Mackay and the Whitsunday Islands. Iris is expected to gradually weaken to category one intensity on Thursday.
5. Spotify started trading on the New York Stock Exchange on Tuesday, offering a chance for investors and insiders to sell their shares on the public market. The stock opened at $US165.90 after a lengthy pricing process, giving it a $US30 billion valuation. The firm’s founder and CEO, Klaus Hommels, told Business Insider he was committed to a future vision of Spotify as a “$US100 billion company” with an eventual subscriber base of 700 million users. An hour or so before Spotify was scheduled to ring the bell, the New York Stock Exchange made a PR blooper. Intending to honour Spotify’s direct listing, Wall Street’s most iconic building flew the Swiss flag instead of the Swedish one. Oops.
Here’s the first attempt:
— Sven Carlsson (@svenaxel) April 3, 2018
And the final:
Nån kvart senare hissades den svenska. ”Ett misstag”, säger säkerhetsvakten. pic.twitter.com/ZOIM2hOGHW
— Sven Carlsson (@svenaxel) April 3, 2018
6. The first person has been sentenced in the Russia investigation. Dutch lawyer Alex van der Zwaan, an associate of Paul Manafort, the former Trump campaign chairman, and Rick Gates, the former deputy chairman, has been sentenced to 30 days in prison after he pleaded guilty to lying to federal agents in the Russia investigation. He has also been ordered to pay a $US20,000 fine.
7. The Commonwealth Games kicks off tonight. And while chair of the Commonwealth Games, Peter Beattie, has urged onlookers to pack a poncho, a little rain isn’t expected to spoil the parade. Charles, Prince of Wales, and Camilla, Duchess of Cornwall, will visit Australia to open the Games. Other duties for the pair will include presenting medals at the swimming finals and a tour of the Athletes Village.
8. Saudi Arabia’s millennial crown prince reportedly booked the entire Four Seasons hotel for his first trip to LA. To put that into perspective, a single room starts at $813 per night, and the presidential suites go from $1430 a night. With 285 units, the cost for the crown prince’s visit could reach into the millions of dollars. The crown prince is in the city as part of multi-week trip across the US, meeting with business leaders, media moguls, celebrities and politicians to help continue his ambitious agenda back home in the Kingdom.
9. At Business Insider, we talk a lot about dressing appropriately for work. Well, Phil Mickelson’s attire during a US Masters practice round with Tiger Woods has certainly raised eyebrows. Mickelson wore a button-up dress shirt. Woods gave his now-good friend, Mickelson, some grief for the shirt and said: “The only thing that was missing was a tie.” In others US Masters news, it may be an expensive ticket to get, but once fans are at Augusta National, prices are relatively reasonable, especially for those looking to eat. Cheese and egg salad sandwiches go for less than $2 each, and a beer is a little over $5. Take note Allianz Stadium.
10. Now, this is how you nail a bicycle kick in style. Cristiano Ronaldo again proved he’s the most dangerous finisher in football. During a Champions League match against Juventus, Ronaldo helped extend Real Madrid’s lead with an incredible bicycle kick that you must see to believe.
Have a great week.
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