10 things you need to know this morning in Australia

Kill Bill/ IMDb

Good morning.

1. It’s not looking good for Elon Musk. The US Securities and Exchange Commission (SEC) is suing the Tesla CEO for making “false and misleading statements” because of a tweet which claimed he would take the company private for $420 a share. The lawsuit says Musk knew he had no such deal on the table and knew that he was misleading the public. The SEC now wants to bar Musk from being CEO of a public company.

2. Former ABC chairman Justin Milne resigned yesterday, and his full email to former MD Michelle Guthrie calling for chief economics correspondent Emma Alberici to be sacked was even more jaw-dropping than first thought. Here are his actual words about Alberici — and it’s a lesson for everyone in modern email etiquette:

“After two glasses of red of course there’s an agenda. They fricken hate her. She keeps sticking it to them with a clear bias against them. We clear her as ok. We r tarred with her brush. I just think it’s simple. Get rid of her. My view is we need to save the corporation not Emma. There is no g’tee they will lose the next election [sic].”

3. The Australian dollar fell sharply on Thursday against the US dollar, sliding back towards 72 cents. Weakness in the euro helped to spur buying in the greenback, pushing most major currencies lower. At 7am AEST, the Aussie was down 0.70% to 0.7205.

Investing.comAUD/USD Hourly Chart

Meanwhile, ASX futures are pointing higher this morning following a stronger US lead. The Hayne Royal Commission report is expected to be submitted to parliament later today. More from markets here.

4. Atlassian co-founder Mike Cannon-Brookes has bought Australia’s most expensive home, Fairwater, for “close to $100 million”. The property, on the exclusive stretch of Sydney Harbour’s Point Piper beachfront, has been held by the Fairfax family for more than century. And guess what, the house next door was recently bought by fellow co-founder Scott Farquhar for more than $70 million.

5. Sydney may not be Australia’s capital, but it is the capital of Australian investor housing debt. By some margin, too. Check out the size of Sydney’s housing investment debt compared to other Australian cities, courtesy of Macquarie Bank.

Macquarie Bank

6. Sword-wielding headhunter: A senior executive at one of Wall Street’s top recruiting firms was arrested for allegedly slashing a bride with a sword after a dispute broke out. Luckily, the bride suffered non-life threatening injuries to her arm. The man, however, now faces multiple charges and has been suspended without pay, pending the result of the investigation.

7. Conor McGregor has released a new whiskey — and it’s just as bad as you’d expect. Business Insider was sent a bottle of Proper No. Twelve to try out. To say it did not go down well is putting it kindly. Most Business Insider journalists hated it. Don’t quit your day job, McGregor.

8. Fortnite Season 6 launches today, introducing pets and Halloween-themed content, along with some quality of life improvements for the game. Here’s everything you need to know about the new update.

9. Google is letting people take a virtual tour inside the modest garage that served as its first headquarters to celebrate 20 years of Google Search. The virtual tour can be found through Google Street View, and allows users to peer into the cluttered space that gave rise to the most popular search engine in the world. Here’s a look at what you can expect:

Google Worldwide HeadquartersGoogle MapsGoogle Worldwide Headquarters, as it was in 1998.

10. Tiger Woods has always been destined for greatness. Just take a look at this video of him golfing as a kid. Hands up who can say “child prodigy”:

BONUS ITEM: Brass Against are an amazing US band doing covers of rock classics with a brass ensemble. Here’s another recent release from them — headphones on, volume up, and start your Friday right.

Have a great day.

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