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10 things you need to know this morning in Australia Good morning. Here's your smart, fast start to the day.

6 things Australian traders will be talking about this morning Oil briefly cracked $US80 for the first time since 2014, US 10-year yields having broken above their long-term down trend, and continued strength in the USD sent gold prices to a fresh 2018 low.

China is drowning in cheap Penfolds wine Penfolds is popular in China, but the preference is for more expensive labels in the range, rather than entry level wines such as Rawson's Retreat.

The US reportedly called Kim Jong Un's bluff by demanding its nukes -- and North Korea is flipping out North Korea flipped out on the US on Tuesday with a sudden series of statements bashing President Donald Trump's administration.

MAP: The countries most at risk from the surging US dollar Ukraine, Argentina, Turkey and Brazil are the nations most vulnerable to a credit event from the continuing appreciation in the US dollar, according to ratings agency Fitch.

How far you have to go from every Australian capital to find a house under $500,000 Buying a home in Australia is expensive, especially in the capital, particularly in Sydney and Melbourne.

Steve Wozniak tells us: 'We've lost our privacy and it's been abused' Asked by Business Insider about Facebook's Cambridge Analytica scandal, he said he was "bothered by what technology has become."

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