10 things you need to know this morning in Australia

Chris Graythen/Getty ImagesThe #98 Dogecoin Ford

Good morning.

1. Missing wages, gruelling shifts, and bottles of urine. They are just some of the disturbing accounts of American Amazon delivery drivers and it may reveal the true human cost of “free” shipping. Business Insider’s Hayley Peterson has the harrowing details here.

2. The Australian dollar hit another multi-year low on Tuesday before rallying higher into the close. Its late recovery was helped by strength in US stocks, a surge in crude oil prices and optimism over trade negotiations between the US and Canada. Sentiment and Chinese markets will likely dictate the Aussie’s direction throughout the day. At 7am AEST, the Aussie was down 0.08% to 0.7120.

Investing.comAUD/USD Hourly Chart

3. Apple’s biggest hardware event of the year is less than a day away. If past years are any indication, the event will be used to unveil a slew of new products, including new iPhones, a new Apple Watch, and maybe even a refreshed pair of the company’s wireless AirPods. Here’s what we’re expecting Apple to announce. Business Insider will be in attendance and live-blogging the entire event. Just head on over to the homepage or tune in live tomorrow at 3am AEST here.

4. Hurricane Florence could be the most powerful storm to ever make landfall north of Florida. The Category 4 storm is currently surging toward the US East Coast with sustained wind speeds of 209km/h. It is forecast to hit North Carolina later this week, by which time the storm could be as large as the state, and is expected to strengthen to a Category 5 storm by Thursday. More here.

5. Australian retailers can expect another tough year ahead. Retail spending may have improved in 2017-18 but consumers had to dip into their savings to support this. Deloitte Access Economics says such “pace of growth cannot be sustained given the pressure on household budgets.” Here’s a look at the forecasts:

Deloitte Access Economics

6. Tesla fell by more than 2% overnight after being downgraded by Nomura Instinet, formerly one of the most bullish firms on Wall Street, which said it was “no longer investable”. Following that news, experts now believe Tesla’s $US35,000 Model 3 won’t arrive by the end of 2018, as forecast by Elon Musk. Jeremy Acevedo, a manager of industry analysis for Edmunds, says it’s more likely those deliveries will begin in 2019 as Tesla focuses on generating higher profits with more expensive models.

7. Australian employees are at a tipping point at work, feeling waves of instability from politics, business and the property market. And they are on the lookout for new jobs, partly as a way to get a pay rise as wage increases flatline, despite unpredictable market conditions, according to analysis by Gartner. Read more about what your business can do to keep talent from jumping ship.

8. Dogecoin, the cryptocurrency created as a joke about a dog meme, has jumped more than 160% over the last 30 days. In fact, Dogecoin is the only crypto that’s posted big gains in the last month, with all of the other coins including Bitcoin and Ethereum suffering from double digit losses.

9. ICYMI: Australian firefighters were shot at by hunters while battling a fire in the US. The SMH reported that two Australian and two American firefighters were chased across a ridge by two hunters while they were battling a fire last month in the remote White Pass ski area in Washington state in the US. All four firefighters managed to find cover from the hunters and were later safely airlifted out of the area. The hunters have since been arrested and charged.

10. A Russian astronaut shared a video of the repaired hole in the International Space Station to dispel rumours that they were plugging it with their fingers. A two-millimetre hole found on the Russian part of the ISS has been sealed with black sealant and a fabric flap. Sergei Prokopeva, who made the video, also denied suggestions that the hole had been deliberately created to sabotage the Russians. Here’s a look:

BONUS ITEM: This is purportedly the largest sea plane in the world and could soon be used to advance China’s ambitions in the disputed South China Sea.

Have a great day.

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