10 things you need to know this morning in Australia

Quinn Rooney/Getty ImagesAustralia celebrates a victory and a new world record in the Women’s 4 x 100m Freestyle Relay Final.

Good morning.

1. US stocks continue to recover from a week of turbulence as some White House officials attempted to walk back trade escalations with China. The shift in sentiment on a wave of tariffs released this week seemed to calm markets, which swung sharply on Wednesday.

2. The same can’t be said for cryptos. Bitcoin extended losses overnight to $US6,792.71 as major cryptocurrencies continue to lose billions. Mati Greenspan, an analyst with trading platform eToro, told Business Insider yesterday that the drop “is actually quite correlated with the moves in US stocks”. Despite that, we’re yet to see the stocks recovery translate in the crypto market.

3. It comes as crypto experts revise their 2018 predictions for bitcoin down. They now say it is likely to hit $27,898 by December 31. While that is down on their March prediction of $38,000, it’s still more than 400% above today’s price. The full details of the report, including how the experts came to their conclusions, can be found here.

4. Impending poll puts pressure on the PM. On Monday the Coalition will chalk up 30 successive negative Newspolls, and in preparation for it Malcolm Turnbull is urging his MPs for continued support, in the belief that the Libs can beat Labor. Turnbull told the AFR that much of what he promised when he rolled Tony Abbott in September 2015 was being delivered. “We’re up against it at the moment but we’ve got a good story to tell in terms of management of the economy,” he said.

5. Move over, Phil Dunphy – Australia has a new favourite dad. The father of 17-year-old swim star Ariarne Titmus has gone viral on social media as he cheered for his daughter, who is still in year 12 at school, during the women’s 200m freestyle event at the Commonwealth Games yesterday. Despite Titmus being pipped at the post and taking out silver, it was Steve Titmus’ emotional rollercoaster in the grandstand that won the hearts of Australians. Steve is well-known in his home state of Tasmania as a veteran newsroom sports anchor – with a big voice.

Meanwhile, Australia’s women’s 100m relay team smashed their own world record from the Rio Olympics in 2016 by more than 0.6 seconds with a new historic benchmark of 3:30.05. Carn the Aussies!

6. Many Australians are so fearful for their jobs they’re don’t want to ask for a pay rise. A survey of 1,000 commissioned by global job site Indeed found almost half (49%) of Australians won’t be asking for an increase this year. A shocking 12% of those fear if they do they may lose their jobs. Over the past 12 months, 17% had requested a pay increase but had been refused. Another 9% had been knocked back on more than one occasion. More here.

7. Conor McGregor is in hot water after he attacked a rival in what has been described as the “most disgusting act in history of UFC”. McGregor gatecrashed a media event ahead of UFC 223 in New York and threw an item through a side window of the bus as it moved slowly in a car park at the Barclays Centre. Michael Chiesa sustained cuts to his hand and face, while a UFC employee broke their hand. UFC president Dana White said: “Obviously everybody’s shaken up when 30 thugs storm a (bus). This is the most disgusting thing that has ever happened in the history of the company.” New York police issued a warrant for the arrest of McGregor.

8. Donald Trump’s hair is making headlines, again. Strong winds on the tarmac at Andrews Air Force base in Marylands caused havoc with the President’s strawberry blonde mop. Here’s just one of the mesmerising photos taken from the day.

NICHOLAS KAMM/AFP/Getty ImagesUS President Donald Trump boards Air Force One on a windy day at Andrews Air Force base on April 5, 2018 near Washington, DC.

9. One for the Tin Cup fans. Defending US Masters champ Sergio Garcia had a complete meltdown on the 15th hole at Augusta National. Garcia hit five – yes, FIVE! – balls into the water while trying to land on the green. After finally getting one ball to remain on the green, he did manage to one-putt for a 13, the highest score ever on the Par 5, by two strokes. On his last attempt the crowd rallied behind him, and Garcia seemed to relax a tad. When this ball landed safely on the green, the crowd gave him a standing ovation.


10. Meanwhile Jason Day sunk his opening drive of the Masters in to a fan’s beer — and then had to wait for him to skol it to get his ball back. Cheers!

Have a great weekend.

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.

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