1 00:00:05,160 --> 00:00:06,560 Speaker 1: This is what the Flux. 2 00:00:06,640 --> 00:00:09,120 Speaker 2: I'm Brett and aren't justin and it Monday, the fourteenth 3 00:00:09,160 --> 00:00:09,720 Speaker 2: of October. 4 00:00:09,840 --> 00:00:12,840 Speaker 3: Juzy Boy, who said high interest rates were hurting the 5 00:00:12,880 --> 00:00:14,760 Speaker 3: property market, get this little fact. 6 00:00:14,960 --> 00:00:16,800 Speaker 1: The total worth of Australia's housing. 7 00:00:16,600 --> 00:00:19,640 Speaker 3: Market jumped to a record eleven trillion dollars in September 8 00:00:19,640 --> 00:00:21,040 Speaker 3: this year, according to pol Logic. 9 00:00:21,120 --> 00:00:21,240 Speaker 2: Now. 10 00:00:21,360 --> 00:00:24,240 Speaker 3: That's because of the combination of more homes being built 11 00:00:24,360 --> 00:00:26,320 Speaker 3: and prices continuing to rise. 12 00:00:26,920 --> 00:00:29,639 Speaker 2: Foxam We run the numbers and seventy seven percent of 13 00:00:29,640 --> 00:00:32,199 Speaker 2: the Flux family said they have forgotten to cancel a 14 00:00:32,200 --> 00:00:34,800 Speaker 2: subscription in the past, whether it's the Netflix or their gym, 15 00:00:34,920 --> 00:00:37,280 Speaker 2: or Spotify or the Marvel up didn't even know that 16 00:00:37,280 --> 00:00:40,360 Speaker 2: one exist. That is the reason why we've created the 17 00:00:40,360 --> 00:00:43,360 Speaker 2: Flux Subscription Tracker. Connect your bank, counting under thirty seconds 18 00:00:43,400 --> 00:00:46,000 Speaker 2: and it will identify all of the subscriptions in one place, 19 00:00:46,080 --> 00:00:48,640 Speaker 2: so you never miss out on canceling a subscription. Make 20 00:00:48,680 --> 00:00:50,360 Speaker 2: sure to download the Flux app to check it out. 21 00:00:50,400 --> 00:00:53,600 Speaker 3: Three miraculous stories Today Jusy Boy, let's do it for 22 00:00:53,640 --> 00:00:57,400 Speaker 3: our first Chemist Warehouse is taking on Visa and MasterCard 23 00:00:57,480 --> 00:00:59,360 Speaker 3: by rolling out a new way to pay for your 24 00:00:59,360 --> 00:01:02,640 Speaker 3: products in star and I'm talking the humble QR code. 25 00:01:02,640 --> 00:01:05,080 Speaker 2: Oh, this could be the start of a global protest 26 00:01:05,160 --> 00:01:07,560 Speaker 2: against the two big dogs of payments. So tell me more. 27 00:01:07,600 --> 00:01:10,360 Speaker 3: Well, juziboy, we've spoken a lot about Chemists Warehouse recently. 28 00:01:10,440 --> 00:01:12,720 Speaker 2: We have. We spoke about their irritating jingles that won't 29 00:01:12,760 --> 00:01:14,360 Speaker 2: get out of your head. We've spoken about their five 30 00:01:14,480 --> 00:01:16,840 Speaker 2: hundred and forty million dollars profits last year. 31 00:01:16,680 --> 00:01:19,840 Speaker 3: And also it's nine billion dollar reverse takeover of Sigma 32 00:01:19,840 --> 00:01:21,399 Speaker 3: Healthcare which is still in the works. 33 00:01:21,440 --> 00:01:23,240 Speaker 2: But then you got to add it to them because 34 00:01:23,240 --> 00:01:26,399 Speaker 2: despite these monstrous profits, they're still looking at cutting its 35 00:01:26,400 --> 00:01:27,000 Speaker 2: costs further. 36 00:01:27,200 --> 00:01:29,800 Speaker 3: You see, Juzy boy, Chemis Warehouse spends more than fifteen 37 00:01:29,800 --> 00:01:32,560 Speaker 3: million bucks a year in payment fees to these payment 38 00:01:32,600 --> 00:01:35,679 Speaker 3: processes like Visa and MasterCard and Amex. 39 00:01:35,400 --> 00:01:38,399 Speaker 2: And now chemist Warehouse is planning to circumvent these credit 40 00:01:38,400 --> 00:01:40,319 Speaker 2: card fees with QR codes. 41 00:01:40,959 --> 00:01:43,959 Speaker 3: Customers will supposedly scan a QR code instead of tapping 42 00:01:44,000 --> 00:01:44,440 Speaker 3: their card. 43 00:01:44,520 --> 00:01:46,479 Speaker 2: And with this QR code, the payment of your cough 44 00:01:46,520 --> 00:01:49,760 Speaker 2: syrup and vitamins antihistamines it'll be taken directly from your 45 00:01:49,800 --> 00:01:50,400 Speaker 2: bank account. 46 00:01:50,520 --> 00:01:52,880 Speaker 3: And juzyboy, if this new method takes off, which is 47 00:01:52,920 --> 00:01:55,720 Speaker 3: called pay by Bank. It's a win for pretty much 48 00:01:55,720 --> 00:01:58,040 Speaker 3: everyone except the card and payment companies. 49 00:01:58,080 --> 00:01:59,800 Speaker 2: Interesting, so what is the key learning here? 50 00:02:00,000 --> 00:02:02,800 Speaker 3: But it comes to introducing a new consumer habit. One 51 00:02:02,800 --> 00:02:05,600 Speaker 3: of the biggest challenges for businesses is customer adoption. 52 00:02:05,680 --> 00:02:08,440 Speaker 2: You seeb Man. Consumers are creatures of habit, so switching 53 00:02:08,480 --> 00:02:10,960 Speaker 2: from using a familiar method like a credit card to 54 00:02:11,040 --> 00:02:14,160 Speaker 2: something new like scanning a QR code requires a lot 55 00:02:14,160 --> 00:02:15,800 Speaker 2: of effort and even more education. 56 00:02:16,040 --> 00:02:19,200 Speaker 3: But payment processing fees are a major operational costs for 57 00:02:19,440 --> 00:02:20,680 Speaker 3: many many businesses. 58 00:02:20,800 --> 00:02:23,160 Speaker 2: Yeah, get this. For many businesses, the fees can range 59 00:02:23,160 --> 00:02:25,160 Speaker 2: from around one and a half to three percent of 60 00:02:25,160 --> 00:02:28,200 Speaker 2: the transaction amount on credit cards. That's according to Square. 61 00:02:27,960 --> 00:02:30,280 Speaker 3: And a lot of businesses pass these fees straight on 62 00:02:30,360 --> 00:02:32,120 Speaker 3: to customers in the form of search chargers. 63 00:02:32,160 --> 00:02:33,840 Speaker 2: You know your coffee is four dollars eighty and they 64 00:02:33,919 --> 00:02:36,440 Speaker 2: charge you five dollars and three cents on the payment terminal. 65 00:02:36,520 --> 00:02:40,040 Speaker 2: For our second story, Tesla has unveiled a new self 66 00:02:40,160 --> 00:02:44,240 Speaker 2: driving car prototype called the Cybercab, which plans to go 67 00:02:44,320 --> 00:02:46,520 Speaker 2: into production by twenty twenty six. 68 00:02:46,720 --> 00:02:50,160 Speaker 3: Cybercab is surely the ultimate way to avoid small talk 69 00:02:50,200 --> 00:02:50,960 Speaker 3: with ruber driver. 70 00:02:51,120 --> 00:02:52,120 Speaker 1: Tell me more jazzy boy. 71 00:02:52,160 --> 00:02:54,200 Speaker 2: Okay, so we know that Elon Musk is the zany, 72 00:02:54,240 --> 00:02:57,120 Speaker 2: the waki, the unpredictable genius behind Tesler. 73 00:02:56,840 --> 00:02:58,519 Speaker 1: And a whole lot of other companies as well. 74 00:02:58,639 --> 00:03:01,680 Speaker 2: Yeah. In twenty sixteen, Elon promised the release of self 75 00:03:01,760 --> 00:03:04,000 Speaker 2: driving cars in the next two years. 76 00:03:03,639 --> 00:03:06,120 Speaker 3: And then in twenty nineteen he predicted that Tesla would 77 00:03:06,120 --> 00:03:09,560 Speaker 3: produce operational robotaxis by twenty twenty. 78 00:03:09,120 --> 00:03:10,600 Speaker 2: And if I just look at the calendar now, it 79 00:03:10,680 --> 00:03:12,680 Speaker 2: is twenty twenty four and we still don't have self 80 00:03:12,720 --> 00:03:15,600 Speaker 2: driving cars on the road. But before twenty twenty seven, 81 00:03:15,760 --> 00:03:16,720 Speaker 2: we actually might. 82 00:03:17,000 --> 00:03:19,840 Speaker 3: Late last week, Tesla finally revealed a prototype of the 83 00:03:19,880 --> 00:03:21,600 Speaker 3: self driving cybercab, and I. 84 00:03:21,600 --> 00:03:23,200 Speaker 2: Gotta say, be man, it kind of looks like a 85 00:03:23,240 --> 00:03:26,280 Speaker 2: small lass, sleeker version of the cyber truck. Yeah. 86 00:03:26,360 --> 00:03:29,680 Speaker 3: But at the event, which was called Wee Robot, Muskie 87 00:03:29,720 --> 00:03:33,280 Speaker 3: Musk also unveiled prototypes of the Robovan that can carry 88 00:03:33,360 --> 00:03:34,399 Speaker 3: twenty humans. 89 00:03:34,400 --> 00:03:36,360 Speaker 2: But I gotta say, be man, given all the misses 90 00:03:36,400 --> 00:03:38,560 Speaker 2: in the past, all of these big reveals of new 91 00:03:38,600 --> 00:03:40,840 Speaker 2: cars are taken with a grain or a little pinch 92 00:03:40,880 --> 00:03:41,360 Speaker 2: of salt. 93 00:03:41,600 --> 00:03:45,360 Speaker 3: Yeah, and it's a share price actually declined after this news. 94 00:03:45,360 --> 00:03:47,320 Speaker 2: Interesting, So what is the key learning here? 95 00:03:47,400 --> 00:03:51,040 Speaker 1: When promises no longer excite results, the only thing that matter. 96 00:03:50,800 --> 00:03:53,240 Speaker 2: You see, be man. Investors have grown pretty weary of 97 00:03:53,280 --> 00:03:56,520 Speaker 2: companies that make grand announcements without actually backing them up 98 00:03:56,600 --> 00:03:57,800 Speaker 2: with tangible outcomes. 99 00:03:57,800 --> 00:04:01,400 Speaker 3: In fact, Jazzi boy Elon Musk has allegedly incorrectly predicted 100 00:04:01,600 --> 00:04:04,400 Speaker 3: the release of your self driving cars seven times. 101 00:04:04,400 --> 00:04:06,680 Speaker 2: Oh my god. So when it comes to Tesla's trust, 102 00:04:06,800 --> 00:04:10,400 Speaker 2: it's built on actual performance rather than their bold forecasts. 103 00:04:10,400 --> 00:04:13,080 Speaker 3: Over promising and under delivering leads to a whole lot 104 00:04:13,120 --> 00:04:14,560 Speaker 3: of skepticism. 105 00:04:13,920 --> 00:04:16,880 Speaker 2: And once investors lose confidence, even the most exciting news 106 00:04:16,920 --> 00:04:20,039 Speaker 2: like a cybercab can fail to boost the company's share price. 107 00:04:20,040 --> 00:04:23,000 Speaker 3: For example, the promise of these self driving cars actually 108 00:04:23,040 --> 00:04:25,880 Speaker 3: saw Tesla's share price drop by around one percent. 109 00:04:25,920 --> 00:04:27,640 Speaker 2: So Elon Musk is going to need to show the 110 00:04:27,680 --> 00:04:30,960 Speaker 2: goods with the regulatory approvals to get investors excited for 111 00:04:31,000 --> 00:04:31,400 Speaker 2: this one. 112 00:04:31,440 --> 00:04:34,760 Speaker 3: For our third and final story, the New York Times 113 00:04:34,880 --> 00:04:37,600 Speaker 3: is teaming up with Yahoo Sports to launch a new 114 00:04:37,680 --> 00:04:39,640 Speaker 3: hub for women's sports coverage. 115 00:04:39,680 --> 00:04:42,320 Speaker 2: Collaboration and not competition in this media industry that is 116 00:04:42,440 --> 00:04:44,080 Speaker 2: very rare to see b man, So tell me what's 117 00:04:44,120 --> 00:04:44,719 Speaker 2: going on here. 118 00:04:44,560 --> 00:04:45,120 Speaker 1: Well, jessybo. 119 00:04:45,240 --> 00:04:47,479 Speaker 3: The New York Times is the second largest paper in 120 00:04:47,520 --> 00:04:49,680 Speaker 3: the US, and it's been in circulation since way back, 121 00:04:49,680 --> 00:04:51,159 Speaker 3: I'm talking eighteen ninety six. 122 00:04:51,200 --> 00:04:53,919 Speaker 2: It's also the brand behind our favorite addictive games like 123 00:04:53,960 --> 00:04:56,160 Speaker 2: wordle and Connections and the Mini Crossword. 124 00:04:56,279 --> 00:04:59,360 Speaker 3: And it's also the owner of sports subscription news site 125 00:04:59,400 --> 00:05:01,919 Speaker 3: The Athletic, which are acquired for five hundred and fifty 126 00:05:02,120 --> 00:05:03,760 Speaker 3: million US dollars. 127 00:05:03,440 --> 00:05:05,640 Speaker 2: And now be man. The Athletic is teaming up with 128 00:05:05,720 --> 00:05:09,400 Speaker 2: Yahoo Sports to kicks out a new women's sports coverage hub. 129 00:05:09,440 --> 00:05:11,159 Speaker 3: Now the content is going to be hosted on Yahoo 130 00:05:11,200 --> 00:05:14,279 Speaker 3: Sports as website and app, but also published by The 131 00:05:14,320 --> 00:05:15,320 Speaker 3: Athletic as well. 132 00:05:15,160 --> 00:05:18,000 Speaker 2: And both companies will have the option to sell advertising 133 00:05:18,040 --> 00:05:19,680 Speaker 2: packages as part of this little. 134 00:05:19,400 --> 00:05:22,039 Speaker 1: Collab and the new hub, it'll be available for free. 135 00:05:22,160 --> 00:05:23,920 Speaker 2: So it should make it easier for The New York 136 00:05:23,960 --> 00:05:26,800 Speaker 2: Times and Yahoo Sports to tap into the growing audience 137 00:05:26,839 --> 00:05:28,320 Speaker 2: of women's sports. 138 00:05:27,920 --> 00:05:31,359 Speaker 3: And the growing commercial opportunities that come with women's sports. 139 00:05:31,400 --> 00:05:32,800 Speaker 2: So what is the key learning here? 140 00:05:32,960 --> 00:05:36,359 Speaker 3: Where the audience goes advertisers and media attention follow You. 141 00:05:36,360 --> 00:05:38,159 Speaker 2: See a man in the last few years, we've seen 142 00:05:38,200 --> 00:05:40,280 Speaker 2: interest in women's sports skyrocket. 143 00:05:40,320 --> 00:05:42,760 Speaker 3: Late last year, the Matilda's match against Denmark in the 144 00:05:42,800 --> 00:05:45,640 Speaker 3: Women's World Cup attracted a bigger TV crowd than the 145 00:05:45,680 --> 00:05:47,080 Speaker 3: AFL Grand Final. 146 00:05:46,839 --> 00:05:49,920 Speaker 2: And this year we've also seen the WNBA's average game 147 00:05:50,000 --> 00:05:52,080 Speaker 2: viewership hit a twenty four year high. 148 00:05:52,200 --> 00:05:55,680 Speaker 3: So with audiences gravitating towards women's sports, media companies have 149 00:05:55,760 --> 00:05:57,120 Speaker 3: been doubling down on their coverage. 150 00:05:57,200 --> 00:06:00,640 Speaker 2: Yeah we're talking Time, Magazine, Sports Illustrated, even if they've 151 00:06:00,720 --> 00:06:03,280 Speaker 2: all increased investment in covering women's sport. 152 00:06:03,040 --> 00:06:05,440 Speaker 3: And does BOYD This old pivot isn't just because audience 153 00:06:05,520 --> 00:06:08,680 Speaker 3: interest is increasing. We're also seeing ad investment in women's 154 00:06:08,680 --> 00:06:10,120 Speaker 3: sport go up as well, aren't we yep. 155 00:06:10,320 --> 00:06:13,400 Speaker 2: WNBA average forty two sponsorship deals per team in twenty 156 00:06:13,400 --> 00:06:15,599 Speaker 2: twenty four, which is a forty three percent jump in 157 00:06:15,640 --> 00:06:18,679 Speaker 2: the last two years. Floxam, is there any worse feeling 158 00:06:18,720 --> 00:06:20,839 Speaker 2: than getting a notification from your bank saying you've just 159 00:06:20,839 --> 00:06:23,720 Speaker 2: been charged for a subscription you haven't used in months. Well, 160 00:06:23,760 --> 00:06:25,400 Speaker 2: we're here to help you in the Flux app with 161 00:06:25,440 --> 00:06:27,480 Speaker 2: our subscription tracker, where you can see all of your 162 00:06:27,480 --> 00:06:30,400 Speaker 2: subscriptions in the one spot in under thirty seconds and 163 00:06:30,480 --> 00:06:32,840 Speaker 2: saving some more laps. Make sure to download the Flux 164 00:06:32,880 --> 00:06:35,240 Speaker 2: app and check out the subscriptions tracker and check out 165 00:06:35,279 --> 00:06:36,159 Speaker 2: the subscription tracker. 166 00:06:36,200 --> 00:06:38,599 Speaker 1: Thanks for listening and we'll see you on Wednesday.