10 things you need to know this morning in Australia

Asgard – nothing like Asgardia. Picture: Marvel Studios

Good morning.

1. Tech stocks slipped again and the Nasdaq is falling. It looks like the the tech stock fairy tale is heading for a bad ending. The S&P 500 and Dow also dipped a little and futures point to a weaker open for Australian stocks after the three-day break. The Australian dollar is edging higher ahead of the US interest rate decision and iron ore is rebounding after slumping to an 11-month low.

2. US President Donald Trump is breaking all of Obama’s rules in Syria – and it seems to be working. His tweets were just used against him in a court’s travel-ban ruling. We just found out why Trump banned laptops on flights. And Melania Trump seems to have taken a page out of the Michelle Obama PR book and started dressing her family out of Target.

3. Asgardians, rise! More than 180,000 have pledged to be citizens of space country Asgardia, the brainchild of a group of space experts who want to live in space and mine asteroids. At 5.30pm today, we’ll get more of an idea about how they actually plan to do that when the founders hold a press conference in Hong Kong. It’s to announce the launch of the first exploratory satellite, and if it’s China doing the launching, that could have some interesting implications about data privacy.

4. Here’s one way to silence the home crowd:


That was US captain Michael Bradley in Azteca in yesterday’s World Cup qualifier. Luckily for the home side, forward Carlos Vela pulled it back to 1-1 with some nice legwork of his own. But Bradley’s goal still gave the US a crucial point in its group.

5. GE stock jumped as much as 4.7% overnight on news CEO Jeff Immelt is retiring. GE shares have fallen 26.4% from the $US39.66 they were at when Immelt took over on September 7, 2001, but they’re a lot healthier than the company’s low of $US7.06 on March 9, 2009. Immelt gave BI editor-in-chief Henry Blodget an extended interview recently – here’s how he reshaped the $US255 billion company’s future.

6. Theresa May just gave a well-received speech in front of her party, admitting “I got us into this mess so I’m going to get us out of it.” But part of getting them out of it involves deal-making with the Democratic Unionist Party. Here’s everything you need to know about what that means, and what the DUP could get out of it.

7. Here’s a screengrab from the Nevada Athletic Commission calendar:

The booking is held by Mayweather Promotions and was placed around the same time UFC star Conor McGregor posted a picture of himself on Instagram with the promise “Something BIG is coming.” Subtlety has never been a strong point for either McGregor or Mayweather.

8. An Australian plumber was translating eight languages for attendees at the UN’s Artificial Intelligence for Good Summit in Geneva on Friday. Danny May’s company Lingmo launched its Translate One2One earpiece at the event, and you’ll be able to buy one in mid-July for $237.

9. Got $45? Then we’ve got something for you to stick your pencil into:


Apple, with the help of Belkin, has innovated pencil stands, and it highlights everything that’s wrong with Apple accessories. Meanwhile, here’s the biggest problem with paying $650 for an Xbox One X when it arrives in November.

10. Katy Perry, what is she even like? If that’s ever a question you’ve found yourself asking, you’ve only got a couple of hours left to tune into every moment of her life on a YouTube live stream she’s been running for three days now.

BONUS ITEM: Goldfish are more interesting than Katy Perry:

Have a great day.

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