10 things you need to know this morning in Australia

[View this email via your browser]( [Business Insider Australia]( [Twitter]( [Facebook]( [LinkedIn]( [Enable Images to View]( [Enable Images to View]( [10 things you need to know this morning in Australia]( Good morning! Elon Musk is at it again. [Enable Images to View]( ['Sounds like a bargain': Elon Musk could build a $1 billion high speed tunnel to help ease Sydney traffic]( Sydney traffic is terrible and the city can't expand westwards because of the mountain range. NSW MP Jeremy Buckingham wants to fix it and asked Elon Musk how much a tunnel through the Blue Mountains would cost. [Enable Images to View]( [Tech giants like Facebook have moved beyond beer and ping-pong to the next office must-have, and other companies are following their lead]( Rooftop parks and gardens are becoming an increasingly popular office perk for urban companies, according to a New York Times report. The trend stems from the health benefits provided by exposure to the outdoors. [Enable Images to View]( [China's economy is slowing, and it's taking Hong Kong's once-booming housing market down with it]( Hong Kong was ranked the most expensive housing market in the world for eight consecutive years. But property values have fallen sharply in recent months. [Enable Images to View]( [The Australian dollar rally reverses]( The Australian dollar weakened against all major crosses except the Kiwi on Wednesday. The catalyst for the weakness was unclear, although some cited renewed concern over US-Sino trade negotiations. [Enable Images to View]( [Enable Images to View]( [Iron ore prices lift across the board]( Iron ore spot markets rose on Wednesday, led by gains in mid and lower grades. The price premium demanded for higher grades over the benchmark narrowed to the lowest level in a year. [Enable Images to View]( [China is developing cutting-edge weapons, and the greatest danger is that they may soon have the confidence to use them, the Pentagon warns]( The Defence Intelligence Agency has released its first-ever unclassified assessment of China's military might. The report explains that China, which has invested billions to build a powerful, modern military, is on the cutting edge of weapons development. [Enable Images to View]( [History shows stocks could rip higher once the US government shutdown ends]( The partial US government shutdown is the longest on record, and economists say it's eating into economic growth right now. Still, the long-term economic impact is likely to be muted, and one new analysis suggests stocks could rally if a resolution is reached. [Enable Images to View]( Business Insider Australia © 2019 [Allure Media]( [Unsubscribe]( • [Email to a Friend]( • [Privacy Policy](