10 things you need to know this morning in Australia

Marquis LarsonThe Lexus LY 650.

Good morning.

1. Apple held its huge product launch overnight. Among the new products announced were the iPhone XS – pronounced “iPhone 10 S” – which is the new version of Apple’s middle-size smartphone, the iPhone XS Max, which is about the same size as the iPhone 8 Plus, but with much more screen real estate, and the iPhone XR, which is cheaper than either of the other two iPhone models. Along with those, Apple introduced a brand-new Apple Watch, the Series 4. There were, however, two key products a lot of Apple fans were anticipating that Apple didn’t announce: AirPods 2 and AirPower. Here are the prices and availability of the new iPhones and Apple Watch in Australia, and the full rundown from the event to get you up to speed.

2. It’s jobs day! Australia’s August jobs report will be released at 11.30am AEST today. After a surprise fall in July, economists expect employment will rebound modestly, fitting with the signals provided by most leading labour market indicators. David Scutt has more on what you can expect from the data here.

3. Reduced trade tensions. There are reports that the US has reached out to China for more high-level trade talks before enforcing tariffs on another $US200 billion of Chinese goods. That, along with a big miss in US PPI data, put pressure on the USD. The greenback lost ground across the board and gains were led by the commodity bloc currencies, with the AUD one of the best performers ahead of today’s employment data. Sam Jacobs has more.

4. “An absolute disgrace”. Billionaire retailer Solomon Lew has prepared a report card on Myer, the ailing department store in which his Premier Investments is the largest shareholder, and called the retailer’s board “an absolute disgrace”. It comes after Myer posted an annual loss of $486 million yesterday, as sales continue to slow, plus restructuring and store exit costs and impairment of assets.

5. Hurricane Florence has swollen larger than North Carolina and is due to start pounding the US coast this evening. Authorities have warned of “catastrophic” flash flooding from rainfall totals as high 40 inches and a “life-threatening” storm surge as high as 4 metres. Meanwhile, astronauts watching the storm from space have sent their own warning to Americans saying, “This is a no-kidding nightmare coming for you.”

6. The Herald Sun, the newspaper that released the controversial “angry baby” Serena Williams cartoon, hit back at “self-appointed censors” by republishing it on its front page alongside the headline: “Welcome to PC World.” It comes as tennis umpires reportedly consider a boycott of Serena Williams’ matches unless she apologises for calling Carlos Ramos a “liar” and a “thief”. Meanwhile, Naomi Osaka, who beat Williams in a straight-sets victory at the US Open last week, may be about to sign the biggest deal Adidas has agreed to with a female athlete, worth $US8.5 million annually.

7. The final piece of the WestConnex puzzle has been revealeda $2.6 billion, 2km link to Sydney Airport. That’s good news for motorists regularly heading to the airport as it creates a new “gateway” entrance that will make life easier in the years ahead – and there won’t be an additional toll on the final section linking with the WestConnex motorway. Here’s a look:

RMSThe Sydney motorway network including the Sydney Gateway

8. Tech elites are paying $9,760 to freeze stem cells from liposuctioned fat as a “back-up” for a longer life. According to longevity startup Forever Labs, which is offering the service to its customer, these cells could then do everything from fight ageing to help treat diseases like diabetes. Gross.

9. Lexus has a launch a new product, but it’s not a car. The manufacturer just revealed its stunning new 65-foot luxury yacht, the Lexus LY 650. Lexus partnered with Marquis-Larson Boat Group, a company based out of Pulaski, Wisconsin, to build, sell, and service the yacht. According to Lexus Executive Vice President, Shigeki Tomoyama, the LY 650 allows the brand to “present a dream-like vision of the luxury lifestyle”.

10. #ThatsIncredible. Humans may have been drawing hashtags up to 100,000 years ago. It comes after researchers discovered a red, cross-hatched pattern of six lines by three lines on a rock found in a cave in South Africa which contained artefacts dated to between 70,000 and 100,000 years ago. We’ll let you be the judge:

Picture: Magnus Haaland

Have a great day.

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