10 things you need to know this morning in Australia

’62 Thousand Poppies, Honour Thy Spirit’ by the Australian War Memorial. The 62,000 hand-knitted poppies have been placed around Canberra to commemorate the Australian dead in World War 1.

Hello. It’s Friday.

1. A US gunman has killed 12 people in a California bar. Thirteen people are dead, including a police sergeant and the shooter, a 28-year-old Marine veteran, Ian David Long. The incident happened at the Borderline Bar & Grill, 60km northwest of Los Angeles, around 11:20pm local time, during the venue’s college night. The motive is not known, but there’s speculation that post-traumatic stress may have played a part. One family went through the ordeal having previously survived the Las Vegas shooting.

2. To markets. US stocks took a breather following their post-election rally, and ASX futures are pointing slightly lower ahead of this morning’s open. US Treasury yields edged higher following the US Fed’s policy announcement, where the central bank said it remains committed to a “gradual” pace of rate hikes. The AUD edged lower amid broader strength in the US dollar, but is still holding above 0.7250 US cents ahead of today’s quarterly Statement on Monetary Policy from the RBA.

3. Australians are the richest people in the world. When you tip billions banked by Gina, Twiggy, the Lowys, Pratts and Atlassian co-founders into the bucket, we’re the second richest people in the world on average at around $US411,000 per adult, just behind Switzerland. What’s extraordinary is that our median wealth tops that of the Swiss at $US191,453, which astonishingly, is nearly three times the median wealth of US citizens at $61,667. No doubt property, even as it dips, has helped. More on the numbers here.

4. Is Scott Morrison planning to shirtfront China? Yesterday the PM, without naming our major trading partner, said it was time to “step up to the Pacific”, announcing $2 billion to fund major regional projects and build closer economic, military and diplomatic ties with the region’s nations. It comes after years of investment by China in what many labelled “debt-trap diplomacy”.

5. NSW Labor needs a new leader. In an extraordinary day, even by the rough and tumble standards of NSW politics, Labor leader Luke Foley went from potential premier to Opposition backbencher after an ABC journalist gave her version of what allegedly happened during Christmas drinks two years ago, claiming Foley’s hand slipped inside her underpants. Foley says the claim is false and will launch defamation proceedings, but is stepping down as Opposition leader with an election less than five months away. ALP deputy Michael Daley looks set to become the new leader when the party meets at 2pm Saturday to decide.

6. An Australian woman will replace Elon Musk as Tesla boss. Telstra director Robyn Denholm will replace Musk as the company’s chair. She’s been on the Tesla board since 2014 and last month, was appointed CFO of Australia’s largest telco, but will leave that position once she has served out her six months notice. Here are 10 things you need to know about her.

7. Mic-gate continues. Following the wild press conference with US President Donald Trump yesterday, which saw CNN’s Jim Acosta have his press pass suspended in retribution, White House press secretary, Sarah Huckabee Sanders, accused Acosta of assaulting an intern who tried to take the microphone off him. The journalist called that a lie. Sanders then shared a doctored video of the incident by the conspiracy-theory website Infowars, appeared edited to make the moment seem more violent. My fake news is better than your fake news.

8. Prince Charles turns 70 next week. And in a BBC documentary celebrating his birthday, the heir to the throne said that he would not be a “meddling” king following his succession because he is “not stupid.”

9. It’s Armistice Day this Sunday. November 11 marks 100 years since the end of the Great War (at the time, called the war to end all wars). The signing of the Armistice saw the guns fall silent at 11am, so try and take 60 seconds to pause and remember at that time. An estimated 7 million civilians and 10 million military personnel died, including 62,000 Australians. Add casualties and the figure rises to 40 million. It was the birth of the Anzac legend and the making of General Sir John Monash. And try to find the time to listen to the brilliant three-part series Armistice by Richard Fidler on ABC Radios Conversations, which starts with two men who became friends in kindergarten in Melbourne and grew up to discover their great uncles fought against each other, and died, during the Battle of the Somme. What they did to commemorate them is a reminder of France’s enduring love for Australia’s war effort. Next, in caves in northern France, are the signatures of thousands of Australian soldiers, written in pencil, discovered in 2013. The third episode goes to air on ABC local radio at 11am today, or catch up on the podcast.

10. We spoke to 20 people who revealed the nicest thing anyone has done for them. The answers are everything you need to make the world a better place.

BONUS ITEM: If it’s okay for batsmen to switch hit, surely a bowler can mix things up a little?
Apparently not. Utter Pradesh under-19 bowler Shiva Singh was dead-balled and the arguing has begun.

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