Friday, it’s Friday. Which seat will you choose?
1. It feels like Amazon Australia could open any day now. First it has to get through a rundown on Monday with the 500 merchants gathered in Sydney for a sell-out Marketplace Summit where they’ll learn how it will all work and how much margin they’ll have to sacrifice. A Black Friday (Nov 24) opening would be disastrous for local retailers, so that’s very possible. But Morgan Stanley says there’s one type of store Amazon can’t kill, and this Aussie online success story says she’s not doing anything to prepare for the retail apocalypse.
2. Volatility returned to make things briefly interesting. After Japanese stocks felt an almost 4% intraday swing, the pan-European STOXX600 index dipped by 1.1% and the selling extended to the US. The greenback also dropped 0.4%, which could help the Aussie dollar negotiate the Reserve Bank’s quarterly Statement on Monetary Policy (SoMP) today at 11:30am AEST. And today in warnings, we’ve got Paul Singer, head of $44 billion Elliott Management, saying “markets are in a kind of dreamland” and all the ingredients for a crash are here.
3. We’ve posted a few articles lately about tech moguls who don’t like their kids using tech. Here’s today’s warning from Sean Parker, first president of Facebook, founder of Napster, played by Justin Timberlake in The Social Network:
“God only knows what it’s doing to our children’s brains”
Worse – Parker admits he and Zuckerberg knew exactly what they were doing when they built Facebook in a way to “give you a little dopamine hit every once in a while”.
4. Guinness World Records Day wrapped up overnight, and nine new records were added to the iconic book. Among them, the most fire breathing full twist backflips in one minute, highest upward basketball shot and largest pram. But the most exciting was fastest speed in a body controlled jet engine powered suit – (51.53km/h):
We’re getting closer to the ultimate commute.
5. The Brexit brakes are on Britain. The European Commission now says UK growth will drop to just 1.1% in 2019, well behind most major EU economies. And Greece. But it is also about to take hits from another source – the price of oil. Analysts at Pantheon Macroeconomics reckon the recent $US10 per barrel increase in Brent crude “will subtract 0.2% from nominal GDP”.
6. Yesterday, a driverless shuttle bus began taking passengers along a 1km stretch of downtown Las Vegas. Less than 24 hours later, it was in its first accident. That sounds like terrible news for French autonomous vehicle company Navya ARMA which delivered the bus, but to be fair, it was reversed into by a truck driven by a human. That fact, however, didn’t stop the City of Las Vegas trying to make it worse by offering this excuse:
“Had the truck had the same sensing equipment that the shuttle has the accident would have been avoided.”
7. Disney tried to hide the fastest hunk-a-junk in the galaxy behind some shipping containers but Google found it:
Lol Disney tried to hide the Millennium Falcon by surrounding it with shipping containers. Also, it’s on Google Maps. https://t.co/LgerDntmKQ pic.twitter.com/SfuYkmHJbl
— Kevin Beaumont ???? (@GossiTheDog) November 9, 2017
8. Jacques Cousteau’s grandson Philippe never leaves home without a Rolex. But it has nothing to do with fashion or showing off, and everything to do with this advice he was once given by an ex-British special forces soldier.
9. All the great things in this video. The fact that the US president is in range of a drone. The Japanese PM’s first duffed shot. Having your own speedy bunker raker. The electric organ accompaniment. And after all that, this:
10. Elon Musk wants to live on Mars, but we found a planetary scientist who says that’s a terrible idea because the radiation will kill anyone not living underground. Here’s why she’d prefer a nice condo on Titan. But wait – here’s what it’s like to actually live on Mars, from someone who was born there.
BONUS ITEM: Your time-stop glove is here:
Have a great weekend.