1. To the markets, where last week it was all down, up and red by the end of it all. Concerns about global growth, earnings and whether or not the Fed will raise rates at its meeting next week continue to weigh, and Joe Hockey’s even telling them to just get on with it and raise. Futures suggest some weakness but with the US out for the Labour Day holiday, it’s likely to be an unremarkable day – unless the Chinese feel as though they have some catching up to do.
2. So every week’s a big week in data right now, and this week we’ve got China back in the mix after a four-day break to commemorate the end of WWII. Elene Holodny says there’s a good chance the market might still be crashing, so it won’t hurt to be prepared with Westpac’s weekly diary of what’s ahead. Today, it’s the US and Canada’s turn for a holiday, but China’s trade data drops tomorrow, followed by UK trade Wednesday. Thursday is the big one here in Australia – employment data, NAB’s Business survey and the RBNZ rate decision.
3. The dollar’s taking the brunt of it all. It’s at its lowest point since April, 2009.
4. Google just keeps winning those “Best Places to Work” polls. The 57,000 employees at Mountain View’s Googleplex can’t get enough of its free wifi, shuttle bus, meals and fitness lurks. Just to make sure, we spoke to one manager, Mayra Felix, for the lowdown on what it’s really like to work at Google, honest. And apparently it’s fantastic. Here’s why.
5. Over at Facebook’s rapidly growing worker beehive, employees are developing their own language. If you want to know who the TNR 250 are, what happens in the Gravity Room or what a Purple Tie means, here are 17 code words only Facebook employees understand.
6. Jarryd Hayne made it. After just six months of training and only four pre-season games with the San Francisco 49ers, Australia’s best rugby league player was yesterday named in the Niners’ 53-man roster for the coming season after making pancakes out of opposition defenders. The NFL’s official Twitter team even celebrated the Hayne Plane’s arrival with a montage:
— NFL (@NFL) September 5, 2015
7. And despite all the million-dollar estimates being thrown about, it was never about the money. Hayne says he’s been on $600 a week this year trying to crack the big time, but spoke about the “dark days” as the one thing he’s found to be most valuable in his journey so far.
8. The man who built Netflix. Reed Hastings isn’t your average tech billionaire. He’s been evolving Netflix since 1998, and even offered nearly half of it to Blockbuster in 2000, which turned him down. He admits he hasn’t been a great manager, but is a strong and outspoken advocate for education reform and is close friends with the Zuckerbergs. And here are 10 other things you might find interesting about the man that turned video on its head.
9. Robot advisors are taking over Wall Street. Since making nothing two years ago, they’ve tucked away some $14 billion is assets for bright young investors. And a report from Citigroup, “Rise of the Machines: Retail Revolution”, says they’re headed for about $5 trillion within 10 years. But Citi also has encouraging words for traditional players (although note they use the words “we think”):
“There remains (and we think will always remain) a place for face-to-face, bespoke quality advice for those with higher value portfolios”
10. And robot chefs are getting better, too, according to BI’s Guia Marie del Prado, who used IBM’s supercomputer to make dinner. Tell IBM’s Chef Watson what kind of meal style and ingredients you want to get together, and it concocts a recipe based on its knowledge of flavours that pair well. Here’s how Guia’s meal went down, after she got past the spooky insistence that maybe she’d like some kind of “meat salad”.
Have a great week. It has begun.
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