10 things you need to know this morning in Australia

All that can save us now. Picture: Marvel

Good morning.

1. The only thing rising faster than Bitcoin’s price is the number of people who think it’s a bubble. No, really:

Source: Capital Economics

J.K. Galbraith once noted this is a salient feature of bubbles. BTC is on a wild ride after breaking through the $US10,000 mark yesterday, hitting $US11.250, then plummeting to $US9,500 this morning. Nasdaq is hopping on the bandwagon, preparing to launch a bitcoin futures product next year. And the exchange run by the Winklevoss twins crashed under traffic pressure. You might remember them as the guys who got dudded out of Facebook, but a rough estimate would put their BTC investments around $US1.3 billion right now. Goldman Sachs says it views Bitcoin more as a commodity like gold than a currency.

2. Also rising are Sydney house prices, and the University of Technology in Sydney may have found at least one factor to blame for that. Dr Adrian Lee found that sunny days resulted in an average price 0.75% higher and warmer weather (+10C) coincided with a rise of +0.97%. Thanks, global warming.

3. On markets, Q3 GDP growth came in at 3.3%, its best reading in three years, which sent US 10-years up around 4 points higher. The NASDAQ had its biggest one-day selloff in three months, but the UK pound had a good day after Brexit breakthrough negotiations. The Aussie is lower against the USD, pound and euro ahead of a bunch of data releases today, including CAPEX at 11.30am AEDT. Here’s your 10-second guide.

4. The Leader of the Free World casually endorsed a string of anti-Muslim videos, at least one of which is fake. Trump sent a pile of traffic towards Britain First, whose leader all but confirmed her lunacy with this all-caps celebration:


The British PM condemned the retweet. Piers Morgan condemned it. Even InfoWars editor Paul Joseph Watson said it was “not great optics”. Even madder, Trump’s press secretary says it doesn’t matter if the anti-Muslim videos the US President retweeted are real or not.

5. Morgan also thinks he might have been responsible for hooking up Prince Harry with Meghan Markle. Markle and Morgan – a “Suits fan – were boozing together in a London pub, and Morgan afterward put her in an Uber to a private club in Mayfair, where she may or may not have met Harry. Morgan has asked for an invite to the wedding, but if that falls through, he can party on at Harry’s stag do. This one organised on Facebook, which now has 37,000 people saying they’ll attend.

6.The drama begins at the 15-second mark:

That’s Slobodan Praljak, a Bosnian Croat military leader, drinking poison in a United Nations court in The Hague yesterday. Croatian prime minister Andrej Plenkovic confirmed Praljak died later.

7. NBC and former Fox News host Megyn Kelly said covering Trump – and politics in general – was a waste of time if you thought you were changing people’s minds. On why she left Fox, Kelly told the IGNITION crowd:

“I thought to myself, ‘I could also get into a bath of carcinogens every morning and roll around in it all day’. But that’s not good for me either.”

Neither was working under late Fox News boss Roger Ailes, who on repeated occasions tried to physically force her into having sex with him. Here’s her advice to women who are afraid to speak out.

8. It gets worse. Kelly jumped ship to NBC, which this morning ended the stellar career of Today host Matt Lauer after receiving a complaint of inappropriate sexual behaviour in the workplace. Here’s some creepy detail from a Variety report following a two-month investigation of complaints about Lauer’s behaviour:

His office was in a secluded space, and he had a button under his desk that allowed him to lock his door from the inside without getting up. This afforded him the assurance of privacy. It allowed him to welcome female employees and initiate inappropriate contact while knowing nobody could walk in on him, according to two women who were sexually harassed by Lauer.

9. Instagram released its 2017 Year in Review, which takes a look at what content floated best, including the most-liked posts, top hashtags, and most-used filters. Here are the 10 most Instagrammed cities in the world in 2017, and this was the Most Liked post overall – 11.1 million approved:


The other 9 best most liked are here.

10. Scientists say they have created the “closest thing anyone has ever made” to a new life form. But it can’t grow by itself. Yet. And some other scientists conducted genetic tests on nine Yeti samples and found where eight of them really came from. (Hint: Not a Yeti.)

BONUS ITEM: The end is nigh:

Have a great day.

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