10 things you need to know this morning in Australia

X-Men: Days of Future Past © 2014 – Twentieth Century Fox via IMDbFan Bingbing

Good morning.

1. Get ready, Australia’s retail sales report is coming. At 11:30am AEST, the data for June will be released and it could bring good news with retail sales making a bit of a comeback lately, after monthly data beat expectations in April and May. Find out everything you need to know about today’s release by reading this 10-second guide.

2. IT’S OFFICIAL: Apple is the first US company worth $US1 trillion after shares of the company climbed Thursday to hit the magic number of $US207.00. Here’s how much you’d have made if you invested $1,000 back in the day and the competition it knocked out to clinch that milestone.

3. Federal Treasurer Scott Morrison is set to take aim at the big banks again today, as the Productivity Commission releases its final report on competition in the Australian financial system. The AFR has more.

4. The US dollar strengthened across the board overnight, and the AUD is back under pressure ahead of June retail sales data this morning. The UK pound also dipped after the Bank of England raised rates as expected, and made small upward revisions to GDP and inflation.

5. “We don’t compete against newspapers.” That’s according to Network Ten chief executive Paul Anderson. He doesn’t think Nine Entertainment Co and Fairfax Media’s merger will affect other broadcasters’ advertising revenues. In fact he has called it a “smart” move that would provide the ability to collect valuable audience data to build scale in an increasingly competitive media space. The SMH has more here.

6. NSW Police are in hot water after posting this Beyonce-inspired sexual assault warning on Facebook:

While there was a mixed reaction to the post, many have criticised the police for making light of a serious issue, particularly following the murder of Eurydice Dixon in June.

7. An Australian climber has been found alive on a mountain in New Zealand after week-long ordeal. The 29-year-old, who failed to return from a solo climb of Mount Aspiring in the South Island, was trapped by severe weather. Rescuers have described the event as an extraordinary tale of survival.

8. Winner winner, chicken dinner. Telstra is now Australia’s fastest network across both mobile and fixed services. It’s been a good year so far for Australia’s biggest telco, having also sat at the top of the Netflix Speed Index every month for the past five months. And that streak is expected to continue with Telstra investing $5 billion over the three years to June 2019 to enhance the capacity, capability and reach of its mobile network.

9. Going to Bali soon? Read this first. Authorities are concerned about the health and safety of tourists visiting Indonesia as the country’s illegal dog and cat meat trade ramps up. Campaigners from Dog Meat-Free Indonesia says visitors could be at risk of being exposed to the rabies virus due to contaminated carcasses, and even be tricked into eating the meat by local vendors.

10. Ikea is pivoting. The local arm of the furniture giant wants to make its products “accessible and affordable for all Australians”. To do that, the big “blue box” store is going to take on a smaller-format layout, replace the self-service system with home delivery, and will soon pop up in more accessible locations. More here.

Sorry, one more thing: Where is Fan Bingbing? The Chinese “X-Men” actress has vanished from the public eye, media aren’t allowed to write about her, and now fans are worried.

BONUS ITEM: Engineers, be warned. This is almost too agonising to watch.

Have a great day.

You can get 10 things direct to your inbox each morning by punching your details into the form below.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

NOW WATCH: Briefing videos

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.