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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 Global stocks rose overnight, after Chinese markets had their biggest one-day gain in two years yesterday.

AMP profit tanks 74% AMP's statutory net was $115 million, down 74%, in the first half, dragged down by remediation provisions.

ROUND 2: Trump moves forward with tariffs on $US16 billion worth of Chinese goods as the trade war ramps up The US will impose a 25% tariff on $US16 billion worth of Chinese goods starting August 23.

Elon Musk announces proposal to take Tesla private, but says no final decision has been made Musk wants to take Tesla private at $US420 per share.

Usain Bolt is trialling with an Australian football club The world's fastest man is committing to "an indefinite training period" with the Central Coast Mariners.

Atlassian will work to create 'Australia's Silicon Valley' in a new Sydney tech hub The plan sends "a really strong signal to the world that Sydney is open for business for technology, the largest industry on the planet."

Jeff Bezos told Amazon execs to consider 3 questions before offering someone a job, and they're still spot-on 20 years later According to Bezos, hiring talented people is "the single most important element" of guaranteeing Amazon's success.

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