10 things you need to know this morning in Australia

Business InsiderPresident Donald Trump and his surrogates have changed their stories on his campaign’s numerous contacts with Russia over time.

Good morning!

1. Mueller probe wraps up. US special counsel Robert Mueller has officially resigned from the Department of Justice and closed the FBI’s investigation into Russian interference in the 2016 US presidential election. In a rare press conference, Mueller said his investigation did not “make a determination as to whether the president did commit a crime”. But while Mueller’s work is done, Business Insider has compiled a list of six more investigations into President Donald Trump happening right now.

2. Is Australia’s economy about to turn around? The economy slowed sharply in the second half of last year but UBS says a number of shifting conditions bode well for the housing market and broader economy.

3. Huawei ups its legal battle against the US over federal ban. The Chinese telco is now calling on the US courts to rule that the US government’s federal ban is unconstitutional. A Huawei official said there is “no gun, smoke, only speculation” from the US.

4. Your 10-second guide to today’s Australian CAPEX report. Australia’s Q1 private-sector capital expenditure report will be released today. Here’s what it means.

5. British prime ministerial contender Boris Johnson will face court over claims he lied during the Brexit referendum. Johnson and other leading figures made the contested claim that the UK sends the EU £350 million a week during the campaign. Johnson is the frontrunner to replace Theresa May.

6. The US, Australia and the UK are among the 25 most resilient countries in the world. That’s according to the 2019 Global Resilience Index, which ranks 130 countries around the globe based on the resilience of their business environments.

7. First cashless and cardless 7-Eleven store opens in Australia. The store launched in inner-city Melbourne on Wednesday and customers will scan items and transact for goods via the 7-Eleven app on their smartphone.

8. Burnout is now officially recognised as a medical condition. It’s been defined by the World Health Organisation as a clinical syndrome.

9. JP Morgan just became the most aggressive rates forecaster in Australia. The financial institution expects the RBA will slash Australia’s cash rate from its where it currently sits at 1.5% down to 0.5%. JP Morgan chief economist Sally Auld says a 50 basis point cut is unlikely to be enough to lower unemployment and boost inflation.

10. Leaked email spells trouble for Tesla. CEO Elon Musk told employees of the urgency of vehicle deliveries ahead of the quarter’s end next month.

BONUS ITEM

Samson Bonkeabantu Brown, a Toronto-based transgender activist, recorded what appears to be his first time shaving. The video has now become a powerful new ad for Gillette and people are going crazy for it.


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