🗞️ Designer stubble

Good morning. On behalf of moustache battling males out there:

Given we are 11 days into the month of November, it is no longer appropriate to ask, "Are you doing Movember?" This can damage people’s pride.

Either compliment your colleague on the moustache or if it doesn't deserve a compliment, stick with weather chat.

Good luck to all those participating in Movember.

All the headlines and more below...

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🎧 Your morning wrap on-the-go LINK

AUSTRALIAN NEWS

Australia’s shopping centres shake off cost-of-living gloom

• Australia's shopping centres are experiencing retail recovery with increased customer visits and sales growth, as Scentre Group reports 2.1% rise in visits. LINK 

• Australia is considering legislation requiring residents to verify age with official documents to access social media, targeting users under 16. LINK 

• Australian Border Force has experienced a 2-hour system outage causing significant delays at international airports and leading to manual processing of passengers. LINK 

• Fresh produce growers are urging Coles and Woolworths to share checkout scanner data to enhance supply chains and align pricing with consumer demand. LINK 

• Small retailers are opting out of Black Friday sales, which are projected to generate $6.7B in Australia, due to concerns about unsustainable consumer expectations. LINK 

• Government caps on international students will only reduce inner-city rents by $5 per week, with no impact in other areas, according to a new report. LINK 

• Canberra home values have declined 0.3% in October and 0.9% over the quarter, signalling a shift to a buyers' market. LINK

• Australia's rocket industry is positioning itself to compete with SpaceX as global launch services demand exceeds supply. LINK 

• Flight Centre Travel Group survey shows 37% of Australian and New Zealand businesses conduct weekly business trips, exceeding US and Asian rates. LINK

COMPANY NEWS

Airbnb profits fall short due to surge in costs

• Airbnb missed profit expectations due to a 27.5% increase in marketing expenses. LINK

• Qantas Airways flight has made an emergency landing at Sydney Airport following a contained engine failure, with all passengers landing safely. LINK

• Bank of Queensland is using salary and bonus negotiations to encourage natural attrition, aiming to cut 400 staff positions. LINK 

• HSBC has been held liable for an SMS scam that defrauded a customer of $47,000. LINK

• Optus has been fined $12M by ACMA after a 2023 outage left 2,145 customers unable to reach emergency services and failed to conduct required welfare checks. LINK 

• ANZ has reported an 8% drop in full-year profit to $6.5B, while CEO Shayne Elliott had his cash bonus reduced by half amid a bond trading scandal. LINK 

• Tesla sales have dropped 19.4% to yearly lows in Australia despite significant price cuts, amid rising competition from European and Chinese brands. LINK 

• CBA has reported a strong first-quarter profit of $2.5B while Macquarie faces mixed analyst recommendations. LINK

• Amazon is considering a second multi-billion dollar investment in AI startup Anthropic, following a previous $4B investment. LINK

• REA Group has reported strong September quarter results with 21% revenue increase to $413M and 23% rise in EBITDA to $243M. LINK 

• Bentley Motors has delayed its transition to electric-only vehicles from 2030 to 2035, announcing plans to launch its first electric SUV in 2026 amid slowing EV sales. LINK

• Sony has reported a 73% increase in quarterly operating profit driven by strong gaming and network performance. LINK

• Nvidia has become the first company to surpass a US$3.6T market value, overtaking Apple as the world's most valuable company following a market rally. LINK

• Ralph Lauren has raised its annual sales forecast due to strong holiday demand for luxury items. LINK

• Foxtel's Hubbl is launching a major marketing campaign featuring Hamish & Andy, targeting nearly 8M young singles, couples and families with bundled streaming offers. LINK 

CHART OF THE DAY

All sectors have higher job vacancy rates today than 2010

ONE MORE SCROLL

Editor’s Pick: Beyonce leads the Grammy nominations for 2025.

Draft Pick: Pakistan Men's cricket team beat Australia last night to win the series 2-1.

Odd Pick: Mexico appears to have abandoned its ‘hugs, not bullets’ strategy as bloodshed plagues the country.

TRIVIA

DiCaprio Day

Leonardo DiCaprio is 50 today so we celebrate the Oscar winner’s milestone birthday with some of his famous movie lines. Can you name the movie from the below quote?

1. "You can do anything you want. You just have to believe in it."

2. "I'm not leaving! The show goes on!"

3. "Dreams feel real while we're in them. It's only when we wake up that we realise something was actually strange."

4. "The wind cannot defeat a tree with strong roots."

5. "The only way to truly be free is to break out of the system."

Answers below

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ANSWERS

1. Catch Me If You Can (2002)
2. The Wolf of Wall Street (2013)
3. Inception (2010)
4. The Revenant (2015)
5. The Beach (2000)

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