Australia 602/9, England 53/3. We've been there before. Many times.
What if Freddie had won the toss yesterday? And said "this pitch has a bit of life in it, we'll bowl first"? Yeah well, what if he decided to have a bat? Maybe they would have gotten 400 and felt happy with themselves.
Instead, they batted second... starting about an hour before stumps on the second day. They might make 400. In fact, they need 403 to avoid the follow-on. That's not looking too good right now.