10 things you need to know this morning in Australia

Rockets launched by Korean People’s Army at an undisclosed location in North Korea. Picture: STR/AFP/Getty Images

Good morning.

1. North Korea fired a missile over northern Japan, where people were told to take “necessary precautions”. It reportedly passed over Japan, but it’s nothing short of a shocking provocation, even by North Korean standards. South Korean president Moon Jae-in recently called for his country to prepare to “immediately switch to offensive operations” if the North makes a “provocation that crosses the line”.

2. The Australian dollar fell sharply in early Asian trade following news of the test, and US stock futures are tumbling. The greenback is still weak, most likely due to concerns over what damage Hurricane Harvey is yet to do (it’s Texas, remember), and the ever-present uncertainty in the White House. Gold broke up and out of its recent trading range and money has moved out of US equity funds for 10 straight weeks. That’s the longest streak in 13 years.

3. Here’s how much rain Hurricane Harvey has dumped on Texas:

And this is what it looks like in real life at the old people’s home:

Bless. They all got out okay. But there’s 50 inches to come.

4. Amazon officially took over Whole Foods yesterday. If you’re not familiar with Whole Foods, it sells high-quality food but is also known as “Whole Paycheck”, because in America, good food is simply out of the average family’s reach. BI visited one store on Friday and bought 15 items for $US97.96. Then returned yesterday and bought the same items – for $US75.85. Here’s a product breakdown and here are two reasons why Amazon can unleash chaos in Australia.

5. Game of Thrones made us forget about all this season’s problems with a beautifully crafted finale full of the tension and spectacular visuals that sets it apart from all other shows. And, remarkably, only one major character died. But here are 6 details you might have missed last night, and these are the 12 biggest questions left to be answered in season eight. Which possibly may not air until 2019.

6. For years, BuzzFeed executives have nagged the rest of the digital media industry about how it could do advertising better than banner ads. But today is different, because BuzzFeed is set to go public and has to show that it can make money. So BuzzFeed has decided everyone else was right all along and will run banner ads. Once again, “disruption” meets “reality”.

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7. SpaceX held a Hyperloop competition inviting university teams to show off their pods over a 1.25km run in the tube transport test system. Second place went to Canada’s Paradigm Hyperloop, which reached a top speed of 100km/h. But somebody invited the Germans, and they said hold our large beers:

They hit 324km/h.

8. Official invitations have not been sent yet, but Apple is planning to hold its annual launch event for the new iPhone on September 12. We’re expecting three models, maybe a new Watch and vocie-controlled speaker, and a high-end iMac. And that old chestnut, an Apple TV.

9. Here’s Conor McGregor getting tired, in a chart:

And here is every bookie in the UK breathing a sigh of relief that they didn’t have to pay out more than $400 million.

10. Uber finally decided who will take over for CEO Travis Kalanick. Dara Khosrowshahi, Expedia’s CEO for the last 12 years, has reportedly been offered the job. He also reportedly hates Donald Trump and will reportedly come with a hefty price tag. His unvested stock options with Expedia could top $US200 million.

BONUS ITEM: Fire ants doing what fire ants do in a flood:

Stay safe, Texans.

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