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Speaker 1: This is what the flux I'm Brad Justin and it's Friday.

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Speaker 2: They're twenty eighth of June jouseboit.

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Speaker 1: Earlier this week, inflation jumped to four percent, if you

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Speaker 1: don't mind, which was its highest rate in six months.

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Speaker 1: That's thanks to stubborn pricing for fruit and veggies as

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Speaker 1: well as electricity and juse boy, I did think i'd

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Speaker 1: say this, but investors reckon this now a one in

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Speaker 1: three chance of an August interest rate ride.

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Speaker 2: Not use that hour word one more time, Amaen.

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Speaker 1: That was my last time, Fleck Sam.

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Speaker 2: Do you know that ninety one percent of flux uses

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Speaker 2: who have downloaded flux Pro say they do not regret

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Speaker 2: the decision one iota.

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Speaker 1: I believe that and flex Sam.

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Speaker 2: If you haven't got flux Pro yet, now is the

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Speaker 2: right time because it's currently fifty percent off at the

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Speaker 2: end of the financial year. But it's only for the

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Speaker 2: next two days, so make sure you hit the link

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Speaker 2: in the show notes to get that fifty percent of.

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Speaker 1: Three droopy stories today Juzzy Boy for our first, Qatar

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Speaker 1: Airways is looking to acquire a twenty percent steak in

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Speaker 1: Virgin Australia, which could really shake up the aviation industry

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Speaker 1: just must be happy.

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Speaker 2: Jam right now, So tell me what's going on here, okay.

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Speaker 1: Qatar Airways, the international airline was established by the Katari

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Speaker 1: government back in nineteen ninety three.

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Speaker 2: And they man, it's been quite the success. It's won

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Speaker 2: the title of the world's best airline seven times in

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Speaker 2: the last eleven years, according to Skytrack's last year.

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Speaker 1: Qatar Airways was hoping to be a bigger player in

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Speaker 1: the Australian aviation market, but its proposal to.

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Speaker 2: Add twenty one extra international flights to Australia was denied

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Speaker 2: by the Federal.

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Speaker 1: Government, which led to a lot of controversy about whether

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Speaker 1: quantas played any part in this old thing.

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Speaker 2: But now Qatar is negotiating to take a twenty percent

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Speaker 2: stake in Virgin Australia.

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Speaker 1: And for this deal to go through, Qatar will need

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Speaker 1: approval from the Foreign Investment Review Board.

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Speaker 2: But even if further accepts this deal, it could still

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Speaker 2: be blocked by the Federal government.

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Speaker 1: So it does boy. If this deal does go through,

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Speaker 1: it could be just the indo x strategy Quitars looking

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Speaker 1: for to gain more access to the ossie market.

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Speaker 2: So what is the key learning here?

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Speaker 1: If you can't talk your way in buy your way

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Speaker 1: in Man.

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Speaker 2: Qatar didn't exactly take the government's rejection of its bid

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Speaker 2: for extra flights very well.

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Speaker 1: In fact, they called it very unfair, and the decision

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Speaker 1: was seen by many as a way to protect Quantus's

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Speaker 1: market share on international flights from Australia. So if Qatar

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Speaker 1: negotiating with the government isn't going to give Qatar more

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Speaker 1: access to the OSSI market, maybe being a part owner

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Speaker 1: of a domestic Australian airline will.

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Speaker 2: Which is exactly what Katar is hoping for.

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Speaker 1: And this is the strategy we've seen play out before.

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Speaker 1: Surely you've got an example in that big brain Eva.

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Speaker 2: I had to take you back to twenty nineteen when

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Speaker 2: Uber acquired Karine, which was the dominant ride sharing company

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Speaker 2: in the Middle East and parts of Northern Africa. They

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Speaker 2: quite have a three point one billion US dollars.

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Speaker 1: That was after Uber failed to dominate in the Middle

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Speaker 1: East itself, and so it brought its way in to

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Speaker 1: gain the upper hand in the regions where Kareem was operating.

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Speaker 1: For our second story, TikTok's owner has quietly released a

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Speaker 1: new social app called we as a Competitor to Instagram,

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Speaker 1: where you can take photos with filters and messages.

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Speaker 2: Now the social media app I cannot keep up, So

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Speaker 2: tell me what is happening here, okay.

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Speaker 1: Byte Dance is the Chinese company that owns TikTok.

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Speaker 2: Aka the social media app that got us all through lockdown.

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Speaker 1: Aka the social app that sent phrases like.

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Speaker 2: Brother ugh into the stratosphere.

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Speaker 1: Not to forget looking for a man in fine jasey boy,

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Speaker 1: you are a man who knows of TikTok.

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Speaker 2: But b man not. Everyone is getting behind this app

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Speaker 2: with its unhinged gen z humor yep.

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Speaker 1: US lawmakers are pushing to have the app band for

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Speaker 1: its one hundred and eighty million monthly active users, and.

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Speaker 2: Other countries might follow suit as well.

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Speaker 1: So now jazy boy, byte Dance has quietly launched a

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Speaker 1: new social app named Wei and be Man.

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Speaker 2: I've seen some of the pickies of we and it

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Speaker 2: is awfully similar to Instagram's lay app.

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Speaker 1: Bte Dance is keeping we really under wraps though.

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Speaker 2: Yeah. It hasn't run any ads on Apple and it

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Speaker 2: isn't available in Australia, the.

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Speaker 1: US, the UK just quietly are having a look here.

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Speaker 1: It's got less than ten thousand downloads globally.

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Speaker 2: But you've got to imagine this is all part of

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Speaker 2: TikTok's defensive plan to build up another asset just in

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Speaker 2: the case that TikTok gets crushed by the might of

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Speaker 2: the US Congress. Interesting, so what is the key learning

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Speaker 2: here in the game of risk? The smart money diversified jaziboy.

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Speaker 1: We know that companies like Facebook now known as Meta

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Speaker 1: have diversified over time with other products like Instagram and WhatsApp.

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Speaker 2: But right now By Dance is a bit of a

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Speaker 2: one trick pony with TikTok.

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Speaker 1: We know that the US is a major market for TikTok,

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Speaker 1: so having a total ban on the app in the

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Speaker 1: country would seriously impact their business.

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Speaker 2: So now they've started acting on a backup plan if

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Speaker 2: that band was to ever become real enter We. Interestingly,

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Speaker 2: they've beened WE isn't actually by Dancer's first backup plan.

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Speaker 1: No, it's already tried to back up the truck with

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Speaker 1: its pinterest slash Instagram like platform named Lemonade.

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Speaker 2: Which only has two point six million iOS users around

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Speaker 2: the world.

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Speaker 1: So maybe We is its last shot at glory in

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Speaker 1: the US, just in case the band actually goes through.

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Speaker 2: For our third and final story. The chairwoman of TESLA

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Speaker 2: and the owner of the NBL are the new majority

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Speaker 2: owners of the Australian Women's Basketball League.

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Speaker 1: An unlikely joe. You'd think Jesse boy. Next thing, Elon

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Speaker 1: Musk pulling on a guernsey too.

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Speaker 2: Tell me more? Okay? So the Women's National Basketball League

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Speaker 2: or the WNBL launch back in nineteen eighty one in Australia.

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Speaker 1: And since then it's been owned by b Basketball Australia

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Speaker 1: and be Man.

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Speaker 2: Over the past decade, basketball in Australia has skyrocketer yep.

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Speaker 1: In the NBA we've had Andrew Bogan, Patty Mills, Josh

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Speaker 1: Giddy and many many others.

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Speaker 2: And in a WNBA we've had Lauren Jackson and of

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Speaker 2: course Liz Cambidge as well.

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Speaker 1: In fact, women's basketball is now the third largest team

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Speaker 1: women's sport in Australia.

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Speaker 2: But off the field things have been a little more challenging.

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Speaker 1: Yeah, Basketball Australia hasn't really invested heavily in marketing or

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Speaker 1: sponsorships and game attendances.

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Speaker 2: But now Robin Denholm, the TESLA chairwoman, has taken a

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Speaker 2: forty nine percent steak in the Women's National Basketball League.

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Speaker 1: And Larry Kesselman, the owner of the NBL, has taken

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Speaker 1: a twenty two percent steak in this league.

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Speaker 2: So be man. Given the details, how much do they pay.

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Speaker 1: Well, it's hard to know at this stage, and you know,

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Speaker 1: I didn't know exactly, but it's believed that the value

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Speaker 1: of the whole league is somewhere around fifty mil.

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Speaker 2: And be Man. With the growing popularity of live sports

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Speaker 2: around the world, this could end up being a bargain buy,

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Speaker 2: I know.

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Speaker 1: So what's the key learning here?

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Speaker 2: Once a sporting code gets a good broadcast deal, it

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Speaker 2: elevates the competition to a whole new level.

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Speaker 1: And that's because live sports are far and away the

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Speaker 1: most popular thing on television.

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Speaker 2: Get this, Bmann. In twenty twenty three, the top ten

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Speaker 2: telecasts in the US were all major sporting events.

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Speaker 1: But in Australia it's even better. In twenty twenty three,

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Speaker 1: the top sixteen telecasts were all major sporting events.

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Speaker 2: And get this. Ten years ago there was just one

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Speaker 2: NBL game broadcast per week on Channel nine.

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Speaker 1: And now every single NBL game is broadcast live on ESPN.

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Speaker 2: So now the new owners goal will be to revitalize

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Speaker 2: the WNBL in the same way they've managed to do

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Speaker 2: with the NBL.

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Speaker 1: And with WNBL membership already up sixty nine percent year

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Speaker 1: on year, they've already got some tailwins behind them.

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Speaker 2: Man, you know, here's a fifty percent flux Pro for

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Speaker 2: the next two days.

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Speaker 1: I did mention that to myself quietly.

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Speaker 2: I can read your mind in flux am. If you

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Speaker 2: want to get amongst the action to get detailed insights

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Speaker 2: on your credit score, detailed breakdowns on your spending premium articles,

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Speaker 2: flux Pro is where you've got to be, So make

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Speaker 2: sure you hit the link in the show notes off.

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Speaker 1: Thanks for listening, and we'll see you on Monday.