10 things you need to know this morning in Australia

Picture: Getty Images

Welcome to your week.

1. The ASX200 has 6,000 in its sights after ending 0.9% higher for the past week on good support from the miners and banks. Iron ore is slowly recovering. In the US, the S&P 500 hit another record high, but the bond market appears unconvinced about the pace of rate hikes next year and yields are in retreat. The Aussie dollar closed the week at 0.7651 US cents, its lowest level since July 11.

2. It’s Cup week, and that means the RBA is also making its November interest rate announcement on Tuesday afternoon. But don’t bet on a rate rise in what’s looking like a quiet week in data. You’ll have to wait for Friday for any notable local interest, when the RBA’s quarterly Statement of Monetary Policy (SoMP) will update on its projections for inflation, GDP and the unemployment rate. Globally, US Fed member William Dudley will give a speech in New York called “Lessons from the Financial Crisis”, and China has October inflation data and aggregate financing late in the week. The rest is here in Sam Jacobs’ weekly diary.

3. The US president is in Japan to kick off his 12-day tour of Asia. He started it with a game of golf with Japan’s prime minister Shinzo Abe, where they signed and swapped hats pledging to “Make Alliance Even Greater”:

Picture: Getty Images

Clearly, trade talks will be on the table, but most of the media will be focused on what comes of any chat about North Korea. A senior South Korean security adviser says that previously, the South and North could be sensible in times of crisis and communicate through “secret back channels”, but those back channels have recently collapsed. Trump is also expected to meet with Russian president Vladimir Putin.

4. Back home, special counsel Robert Mueller has reportedly compiled enough evidence to bring charges against former US national security adviser Michael Flynn and his son. And a new Trump administration report found there was “no convincing alternative explanation” for climate change. The US president will have to admit that we, the people, did it.

5. Don’t leave your iPhone X home screen on for too long, or one day you’ll start seeing it permanently. Here are Apple’s tips for avoiding “burn-in”. And you’d probably expect this from a premium item wrapped in glass, but just to reiterate that the $1500+ iPhone X will crack the first time you drop, here’s CNet dropping it and showing how it cracked, first time.

And if you haven’t paid $300 for AppleCare+, the broken glass back could set you back $819.

6. Here’s what former Navy SEAL commander Jocko Willink would say if he could go back in time and visit himself as a 20-year-old. And here’s something he’ll never have to eat again – military rations:

We have breakdowns of what 18 of the world’s armies eat, and now we know why they’re all so ready for a fight.

7. You might be getting grumpier as you get older and really just want to be left alone more often. We get that – young people are annoying. But if you want to stay sharp as you age, science has some bad news for you – hanging out with people keeps your brain fresh.

8. If you’ve been wanting to invest directly in a startup and don’t have access to the traditional VC and big bank avenues in, there’s a good chance you’ve already considered buying tokens in an Initial Coin Offering. We got walked through the week leading up to one ICO last week and it was an eye-opener, to say the least. But Australian company HCash was onto it months ago and just revealed to us how it raised $53 million back in July.

9. Had a few drinks Friday night and went to the loo 7 times? Here’s the science behind “breaking the seal”. Munched on some Doritos? Here’s what you ate:

We’ve got six more weirdly disturbing breakdowns of popular food here.

10. Are you “jump adverse”? So was Sheryl Sandberg, until her interview with Google, where CEO Eric Schmidt told her: “When you’re offered a seat on a rocket ship you don’t ask, ‘What seat?’ You just get on.” And it worked out okay for her.


Have a great day.

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