10 things you need to know this morning in Australia

Picture: Adult Swim

Good morning.

1. First, to markets and the US dollar keeps pushing higher as wage growth outweighs concerns about job falls and Trump’s North Korea tweets:


ASX Futures traders finally marked the local index down for the morning as US stocks eased into the weekend. Iron ore edged higher and the Aussie dollar is looking “particularly vulnerable”.

2. Data in Australia this week isn’t earth-shattering, with NAB’s monthly business confidence index Tuesday and the Westpac consumer confidence index Wednesday heading the second-tier releases. But there might be some interest in whether the High Court decides to confirm three government ministers will no longer be politicians. Globally, Japan gets a speech from governor Kuroda, the US sees the FOMC minutes from the September meeting and Mario Draghi speaks in Washington on Thursday. Canada’s housing (where there’s genuine bubble fear) comes under the spotlight on Tuesday. It’s all here in Sam Jacobs’ data diary.

3. Bill Gates once said he focused on hiring smart people because smart people are better at work, and all the dumb people got angry. But years and years of research – by smart people, most likely – has all come to the same unconfortable conclusion that people with high IQs are more likely to excel at work. So go on then, poindexters – solve one of these 5 problems and become a billionaire. And anyway, science did find something dumb people are better at – getting heaps more divorces.

4. But here’s why none of that IQ stuff matters, because while you may only be an assistant gaffer on a production, you can still be “the best assistant gaffer there ever was”. Here’s world-famous conductor Jeffrey Schindler giving us his provocative thoughts on how to think about loving what you do.

5. The case of the Danish aerospace startup founder who was accused of killing a journalist and sinking his own submarine is nearly solved. Sadly, it’s because Danish police have found “the decapitated head, legs and clothes” of the journalist, 30-year-old Kim Wall. The sub owner, Copenhagen Suborbitals co-founder Peter Madsen, recently changed his story from “I dropped Wall off in Copenhagen”, to “she was accidentally killed when the sub’s hatch came down on her head”.

6. Hackers broke into Amazon’s cloud and stole no data at all. They were after something more valuable – the ecommerce giant’s processing power, so they could mine Bitcoin faster. Bitcoin’s value is back to a one-month high above $US4,500. Also minting cash is former Australia Post CEO Ahmed Fahour whose $10.8 million parachute looks to have landed him squarely into another plum exec role.

7. Amazon is also quite valuable. It’s so big now, Bilal Hafeez, the global head of G10 FX strategy and head of EMEA research at Nomura, says it may be responsible for lowering the inflation rate across the entire globe.

8. We’ve all seen pictures of smartphones that have exploded, but it’s not often we catch one going off in the wild:

Scary. Apparently it was a Samsung Galaxy Grand Duos.

9. Nearly as scary as Rick and Morty fans, who lined up for hours across the US to get their hands on a limited edition packet of Szechaun McNugget sauce. Police were called, and kids left in tears. BI’s Kate Taylor met three 12-year-olds who camped in one outlet buying 35c slices of tomato so they wouldn’t be kicked out, but when they were finally offered sauce or a poster, they took a poster. Here’s how much they would have made if they took the 1oz packet of sauce:

Picture: eBay

10. You should know all the airline hacks by now. Hydrate – check. Buy tickets on Tuesdays – check. But in this latest list from airline workers themselves, there’s one tip about how to avoid sitting next to a baby that’s so simple it’s brilliant. And here’s how to grill a perfect toasted cheese sandwich, because it’s Monday, you need comfort food, and we have a cheese expert on the case.

Have a great week.

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