| Good morning, it's Ainsley here with a roundup of the morning's news to kick your day off. Today's must-reads: Getting even. Australians are turning on Qantas and its boss as widespread travel disruptions and airport ordeals test their affection for one of the country's biggest brands. CEO Alan Joyce has landed in the firing line of social-media vitriol, with customers lashing out and accusing him of being overzealous in shedding more than 8,000 jobs, leaving Qantas so short of manpower that it can't function properly. Qantas had Australia's worst flight-cancellation record in May, scrapping 7.6% of its services, or one in 13. Canary in the coal mine. Thirty years after New Zealand's central bank pioneered inflation targeting, it's once again cutting a track for others to follow. Now, as the Reserve Bank prepares to deliver a likely third consecutive half-percentage-point hike next week, investors around the world are treating it as a proxy for other advanced economies. Safe port. A bulk carrier that had been stranded off the coast of Sydney for three days in ferocious weather reached port yesterday as wild conditions that caused widespread flooding eased. The MV Portland Bay and its 21 crew was towed into Port Botany after marine pilots boarded the ship to guide it into safe waters. Wildlife revival. An ecological revolution in New Zealand's capital is underway, as the return of native bird species and close encounters with orca and whales fuel a volunteer conservation movement among Wellington's residents. The city is seeing an explosion in wildlife thanks to the presence of Zealandia, the world's first fully fenced urban ecosanctuary located just 10 minutes from downtown.  The endangered kākā. Photographer: Judi Lapsley Miller/Zealandia By a thread. Boris Johnson told Cabinet colleagues he will not resign as Conservative leader and prime minister, according to an official, despite a slew of ministers quitting and some of his closest allies demanding he go. In a dramatic move, Johnson fired a key Cabinet minister, Michael Gove, as Downing Street tries to show it is fighting back. Fedspeak. The Fed agreed last month that rates may need to keep rising for longer to prevent surging prices from becoming entrenched, minutes from the meeting showed, even if that slowed the US economy. The FOMC backed a July hike of either 50 or 75 bps, while warning of "a significant risk" if the central bank can't maintain its credibility to fight inflation. US stocks rose for a third day and bonds slid as investors digested the minutes and grappled with more recent economic data that showed slightly slower growth. The S&P 500 advanced 0.4% after swinging, and the Nasdaq added the same amount. S&P/ASX 200 Index futures are up. Brent fell below $100 for the first time since late April amid recession fears. Citi's Ed Morse said the outlook for oil consumption will likely see further downward revisions amid higher fuel prices, adding "we don't see the burgeoning demand coming out of China." - Australia's May trade data are due at 11:30 a.m.
- June foreign reserves data comes at 4:30 p.m.
 Tesla Model 3 Photographer: Patrick T. Fallon/Bloomberg The electric car revolution is picking up speed, but who's got the greenest power? Bloomberg's new EV ratings dashboard ranks models according to efficiency once on the road and the resources used to make batteries. Topping the log, for now, is the Tesla Model 3 Long Range with a score of 74.2/100. Here's the full list. | 
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