10 things you need to know this morning in Australia

RNCThe gold bearing rocks.

Good morning.

1. The Australian dollar remains near the lowest level in over two years. It lost further ground against the euro and UK pound on Monday on positive Brexit headlines. At 7am AEST, it was down 0.08% to 0.7112. Macquarie Bank strategists say the AUD/USD could fall to 70c in the coming days, depending on tariff and Chinese data headlines. The Trump administration is expected to announce whether it will follow through with proposed tariffs on roughly $US200 billion worth of Chinese products.

2. Atlassian’s President Jay Simons told us about how a double-down bet during the GFC put the company on the path to success. As 638,000 US businesses folded, Atlassian chose to go on a spending spree. Business Insider’s Peter Farquhar has the full details. The Australian tech company announced a new $US295 million acquisition at last week’s Atlassian Summit.

3. Serena Williams’ US Open final loss is still the talk of the town. The match itself has been overshadowed by what many argue is the sexism of umpire Carlos Ramos. While he made no technical errors in his umpiring, his decision to declare three code violations against Williams has many claiming it was a clear case of sexism and double standards. But, as Business Insider’s Simon Thomsen writes, it was Williams’ threatening behaviour towards the umpire that was unnecessary and wrong. Meanwhile, this cartoon showing Williams as an angry baby printed in the Herald Sun has provoked an angry response on Twitter:


4. Canva has topped the list of LinkedIn’s top 10 Australian startups for 2018. The graphic-design tool website, founded in 2012, led Expert360, an online marketplace which allows businesses to engage and manage top talent for short-midterm projects, and Escient. See the full list here.

5. Elon Musk said Tesla is about to have the “most amazing quarter” in its history but one employee says it’s “laughable”. “Whatever goal he’s predicting, probably cut that number in half. [The Fremont factory] is a dumpster fire! And when he gets on social media or whatever platform he uses he makes everything worse,” they said. Meanwhile, Ford has revealed the first teaser image of the codenamed “Mach 1”, the company’s first all-electric vehicle set to rival Tesla. And boy, it looks set to impress:

FordThe Mustang-inspired fully-electric performance utility from Ford

And it might be worth considering a better option considering researchers have discovered how to hack and steal a Tesla Model S in seconds using only $843 worth of equipment.

6. Eureka! Huge rocks laced with gold have been dug up in Western Australia — and one 95kg quartz rock is worth $4 million. RNC Minerals says the specimens are believed to be some of the biggest in mining history.

7. Apple may name its new iPhones “Xs”, “Xs Max” and “Xr”, according to Bloomberg’s Mark Gurman, who has a good track record with reporting Apple news before it’s officially announced by the company.

8. Cryptocurrencies remain under pressure as Bitcoin dipped below $US6,300 overnight. But there’s still plenty of crypto activity on Wall Street, with Citigroup working on a low-risk trading product while the Gemini exchange run by the Winklevoss twins plans to launch a crypto coin pegged to the US dollar.

9. Astronauts in space just photographed three threatening hurricanes lurking in the Atlantic Ocean. Hurricane Florence is bearing down on the East Coast of the US, meanwhile Hurricane Isaac and Hurricane Helene are poised just behind it. Officials in Virginia, North Carolina, and South Carolina have issued emergency warnings ahead of Florence’s possible landfall.

10. Mark Zuckerberg was so keen to beat a high school girl at Scrabble that he wrote a computer program to show him word combinations. Yep, the Facebook founder wrote the code after the daughter of a friend beat him in their first game aboard a private jet. While Zuckerberg’s ambition has been well-documented, this anecdote published in a lengthy profile in the New Yorker reveals what lengths the tech billionaire will go to for a win.

Have a great day.

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