10 things you need to know this morning in Australia

Picture: Getty Images

Good morning.

1. Markets are back in full swing, and Goldman Sachs has a handy guide to taking advantage of volatility in store in 2018. US stocks started the year with a weekly gain of 2.8% and the ASX200 looks set to follow that lead today. Iron ore is off to its strongest start since September 2017, the Aussie is at multi-month highs, and the local data starts flowing today with the Ai Group’s monthly construction data index.

2. Ouch. Sydney got hot yesterday, almost the hottest on record. Temperatures in the western suburb of Penrith hit 47.3C at 3pm and the Bureau of Meteorology had to scrape up a data point from a decommissioned weather station in Richmond to find a 47.8C in 1939. Temperatures blew past 40C in the city but should peak at 33C today and cool further throughout the week. With a chance of rain, even.

3. Former White House chief strategist Steve Bannon has apologised in length and walked back his comments in Michael Wolff’s book “Fire & Fury: Inside the Trump White House”. But Trump isn’t interested and unloaded on “Sloppy Steve” and Wolff’s allegations that every single person around Trump questioned his intelligence. Well:

Trump then confirmed that he didn’t want the US looking foolish and “it’s not going to look foolish as long as I’m here”.

4. Meanwhile, Wolff, who has a noted history of being economical with the truth in his works, admits even he’s not sure everything he’s written in “Fire & Fury” is true. He also claims Trump might withhold a vital post-Brexit trade deal with the UK if he doesn’t receive an invitation to Prince Harry and Meghan Markel’s wedding, and that Trump views the Queen as a reality TV rival.

5. England will finish its calamitous Ashes tour in fitting style today, battling to avoid a humiliating innings defeat at the SCG. It needs 211 to make Australia bat again, on a pitch where England leg-spinner Mason Crane returned 1-193 in his first match, the worst figures ever for an English debutant. Nathan Lyon is all like:

The other highlight was BT Sport picking five Englishmen in its “Composite XI”:

6. The Australian Open starts in a week and everyone’s watching Nick Kyrgios’ knee. The 22-year-old blew away American Ryan Harrison 6-4, 6-2 to win the Brisbane International, his first ATP title in Australia. But Kyrgios had his left knee taped for all four matches of the tournament and claimed during yesterday’s final that it “could keep (him) out of the Australian Open”.

7. This week’s cryptocurrency rising star has been waiting in the wings for longer than expected. Remember Dogecoin, created on the back of the shiba inu meme as a joke by former Sydney marketing manager Jackson Palmer? No? Well, it reached a market cap of $US2 billion. “I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a $US1B+ market cap,” Palmer told cryptocurrency watcher CoinDesk.

LiteCoin is also on the move, and there could soon be a new way to bet on bitcoin – on the New York Stock Exchange.

8. Your latest batch of crazy beautiful images of Jupiter have arrived:

NASA’s $US1 billion Juno spacecraft just completed its 10th high-speed trip around Jupiter. There are more pics and animations here.

9. This year’s Consumer Electronics Show is under way in Las Vegas, and you’ll be swamped this week with news of all the gadgets, startups and software heading your way in 2018. But the biggest battle will the fight for voice search supremacy. CES was a massive push-start for Alexa last year, but there are signs Google wants to dominate its rival at this year’s show.

10. And here’s a wacky patent from Samsung which shows the smartphone giant is considering a screen that wraps all the way around a phone.

Sydney, this is the world’s biggest firework:

Have a great day.

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