1 00:00:05,160 --> 00:00:07,840 Speaker 1: This is what the Flux I'm brand aren't justin and 2 00:00:07,880 --> 00:00:10,080 Speaker 1: it's Briday, the twenty fifth of July, Johnie Boy. 3 00:00:10,240 --> 00:00:12,480 Speaker 2: Last week, Donald Trump tweeted the Coca Cola in the 4 00:00:12,560 --> 00:00:15,200 Speaker 2: US has agreed to use real cane sugar in its 5 00:00:15,240 --> 00:00:17,919 Speaker 2: drinks instead of corn syrup. One tiny problem here, we 6 00:00:17,920 --> 00:00:20,360 Speaker 2: don't actually know for sure that Coca Cola ever said 7 00:00:20,360 --> 00:00:21,919 Speaker 2: that this is what they wanted to do, But now 8 00:00:21,920 --> 00:00:24,599 Speaker 2: it's out there, Coca Cola has announced plans to sweeten 9 00:00:24,640 --> 00:00:27,159 Speaker 2: things up with the cane sugar. Nothing quite like a 10 00:00:27,280 --> 00:00:29,680 Speaker 2: rogue tweet from the President. Yep, to do your pr 11 00:00:29,760 --> 00:00:30,440 Speaker 2: work for you. 12 00:00:30,440 --> 00:00:31,880 Speaker 1: You can't go back on that one, be man. You 13 00:00:31,920 --> 00:00:33,760 Speaker 1: can't some other things you can't go back on, b Man. 14 00:00:33,840 --> 00:00:36,200 Speaker 1: Getting money back for subscriptions that you're not using anymore 15 00:00:36,280 --> 00:00:39,200 Speaker 1: but you've paid for. But thankfully, with the Flux Subscription Tracker, 16 00:00:39,280 --> 00:00:41,920 Speaker 1: we can help you identify all of your subscriptions in 17 00:00:41,960 --> 00:00:43,960 Speaker 1: the one place, including that Jymney haven't been too for 18 00:00:44,040 --> 00:00:45,960 Speaker 1: a while, so you can cancel it and save that 19 00:00:46,040 --> 00:00:48,519 Speaker 1: money for next month. It's all in the Flux budgeting 20 00:00:48,560 --> 00:00:49,960 Speaker 1: to all, so make sure to check it out in 21 00:00:50,040 --> 00:00:50,680 Speaker 1: the Flux. 22 00:00:50,440 --> 00:00:53,519 Speaker 2: Out three riveting stories today, Juzzy boy, let's get into 23 00:00:53,560 --> 00:00:56,760 Speaker 2: a b Man for our first ford skew, the Wa 24 00:00:56,880 --> 00:01:00,560 Speaker 2: based mining giant has smashed its export records, but its 25 00:01:00,640 --> 00:01:03,240 Speaker 2: hydrogen dreams have run out of gas. 26 00:01:03,280 --> 00:01:06,679 Speaker 1: Seems are looking pretty rock solid for Fortescue b Man literally, 27 00:01:06,840 --> 00:01:07,760 Speaker 1: so let's dig in. 28 00:01:07,840 --> 00:01:11,520 Speaker 2: Fortescue is one of Australia's biggest three iron ore miners, 29 00:01:11,520 --> 00:01:13,360 Speaker 2: behind BHP and Rio Tinto. 30 00:01:13,600 --> 00:01:15,759 Speaker 1: It was founded by Andrew Tweet Forests back in two 31 00:01:15,800 --> 00:01:18,120 Speaker 1: thousand and three and it's grown into a thirty eight 32 00:01:18,120 --> 00:01:20,840 Speaker 1: billion dollar company off the back of rocks and Minerals 33 00:01:20,840 --> 00:01:21,399 Speaker 1: and Jusei Boy. 34 00:01:21,440 --> 00:01:23,680 Speaker 2: The growth of Fordescue has largely been off the back 35 00:01:23,680 --> 00:01:26,840 Speaker 2: of China's enormous demand for steel, but be Man. 36 00:01:26,959 --> 00:01:29,240 Speaker 1: Fordescu had a record breaking year this year. 37 00:01:29,240 --> 00:01:32,080 Speaker 2: It chipped over one hundred ninety eight million tons of 38 00:01:32,120 --> 00:01:34,119 Speaker 2: iron ore in the year to June, and. 39 00:01:34,080 --> 00:01:35,520 Speaker 1: That was up more than three and a half percent 40 00:01:35,560 --> 00:01:36,440 Speaker 1: from last year. 41 00:01:36,280 --> 00:01:38,840 Speaker 2: And this means they've smashed their previous record of one 42 00:01:38,920 --> 00:01:41,480 Speaker 2: hundred ninety two million tons in twenty twenty. 43 00:01:41,240 --> 00:01:43,800 Speaker 1: Three and the Man. After this news, Fordescue share price 44 00:01:43,880 --> 00:01:45,400 Speaker 1: jumped over four percent. 45 00:01:45,280 --> 00:01:48,440 Speaker 2: But it wasn't all shiny rocks and celebrations juzyboy especially 46 00:01:48,440 --> 00:01:50,480 Speaker 2: in Fortescue's clean energy division. 47 00:01:50,560 --> 00:01:53,000 Speaker 1: YEP. Fortescu worn that it's going to close its two 48 00:01:53,200 --> 00:01:54,440 Speaker 1: hydrogen facilities. 49 00:01:54,640 --> 00:01:56,760 Speaker 2: That'll mean a two hundred and twenty seven million pre 50 00:01:56,880 --> 00:01:59,160 Speaker 2: tax right down and the man, what is the reason 51 00:01:59,200 --> 00:02:02,760 Speaker 2: for this? Well, US hydrogen subsidies aren't making it as 52 00:02:02,880 --> 00:02:04,800 Speaker 2: viable as previously expected. 53 00:02:05,200 --> 00:02:06,520 Speaker 1: So what is the key learning here? 54 00:02:06,680 --> 00:02:10,520 Speaker 2: Green dreams often need green lights from the government. 55 00:02:10,160 --> 00:02:12,639 Speaker 1: You see, b Man. Government policy can make or break 56 00:02:12,680 --> 00:02:14,880 Speaker 1: early stage industries like green hydrogen. 57 00:02:14,880 --> 00:02:18,280 Speaker 2: That's because governments tend to offer subsidies and tax incentives 58 00:02:18,320 --> 00:02:20,679 Speaker 2: to get large scale projects off the ground in those 59 00:02:20,720 --> 00:02:24,160 Speaker 2: early loss making years. For its US hydrogen project, Fortescue 60 00:02:24,200 --> 00:02:27,160 Speaker 2: blame the collapse on policy changes under the Trump administration, 61 00:02:27,280 --> 00:02:30,400 Speaker 2: which rolled back green energy support and Jazi Boyd. Despite 62 00:02:30,400 --> 00:02:33,400 Speaker 2: the hydrogen hype, the demand for hydrogen has been deropt 63 00:02:33,520 --> 00:02:34,200 Speaker 2: interesting YEP. 64 00:02:34,240 --> 00:02:37,720 Speaker 1: According to the International Energy Agency Data, global green hydrogen 65 00:02:37,760 --> 00:02:40,640 Speaker 1: demand fell around fifteen percent year over year in twenty 66 00:02:40,639 --> 00:02:41,119 Speaker 1: twenty four. 67 00:02:41,200 --> 00:02:43,960 Speaker 2: The challenge for miners is that green hydrogen production is 68 00:02:44,120 --> 00:02:48,240 Speaker 2: more than double the cost of dirtier gray hydrogen production. 69 00:02:48,440 --> 00:02:51,079 Speaker 2: So b Man, unless governments invest more into the industry, 70 00:02:51,160 --> 00:02:53,960 Speaker 2: companies like Fortescue will probably stick to what they know best, 71 00:02:53,960 --> 00:02:56,280 Speaker 2: which is doing stuff out of the ground and shipping 72 00:02:56,280 --> 00:02:56,959 Speaker 2: it to China. 73 00:02:57,400 --> 00:03:01,080 Speaker 1: For our second story, YouTube has smashed viewership records and 74 00:03:01,200 --> 00:03:04,000 Speaker 1: ad revenue as it competes head on with old school 75 00:03:04,160 --> 00:03:04,880 Speaker 1: TV channels. 76 00:03:04,880 --> 00:03:07,440 Speaker 2: YouTube's come a long way since Charlie bit my finger. 77 00:03:07,600 --> 00:03:08,320 Speaker 2: So tell me more. 78 00:03:08,360 --> 00:03:11,400 Speaker 1: Okay. So YouTube is owned by Alphabet, which also owns Google, 79 00:03:11,400 --> 00:03:15,720 Speaker 1: Google Cloud, Android, Bitbit, Gemini, way Mow, and plenty more. 80 00:03:15,760 --> 00:03:18,080 Speaker 1: And they then Google bought YouTube back in two thousand 81 00:03:18,080 --> 00:03:21,160 Speaker 1: and six for just one point sixty five billion US dollars. 82 00:03:20,840 --> 00:03:23,680 Speaker 2: And now YouTube is making nearly eight times that amount 83 00:03:23,800 --> 00:03:25,959 Speaker 2: in advertising revenue each and every year. 84 00:03:26,040 --> 00:03:28,600 Speaker 1: That's right. YouTube's AD revenue jumped to nine point eight 85 00:03:28,800 --> 00:03:30,880 Speaker 1: billion US dollars in the past year, which was up 86 00:03:30,960 --> 00:03:31,720 Speaker 1: thirteen percent. 87 00:03:31,840 --> 00:03:34,079 Speaker 2: But even scarier than that, juzzy boy, is that YouTube 88 00:03:34,120 --> 00:03:36,440 Speaker 2: isn't just an online video streaming platform anymore. 89 00:03:36,640 --> 00:03:39,240 Speaker 1: It's considered more of a fully fledged TV network because 90 00:03:39,240 --> 00:03:40,960 Speaker 1: of its ability to be connected to your TV. 91 00:03:41,120 --> 00:03:43,520 Speaker 2: In fact, YouTube now accounts for twelve point eight percent 92 00:03:43,560 --> 00:03:45,040 Speaker 2: of all TV viewership. 93 00:03:45,160 --> 00:03:47,640 Speaker 1: That's the high share any platform has ever hit. 94 00:03:47,720 --> 00:03:50,480 Speaker 2: According to Nielsen and juzzy Boit, this is just another 95 00:03:50,480 --> 00:03:53,800 Speaker 2: reminder of how connected TV has crushed old school TV 96 00:03:53,920 --> 00:03:57,600 Speaker 2: networks and will probably continue to do so RIP Network ten. 97 00:03:58,480 --> 00:03:59,840 Speaker 1: So what is the key landing here? 98 00:04:00,000 --> 00:04:03,720 Speaker 2: Connected TV or CTV is the new battleground for advertisers, 99 00:04:03,720 --> 00:04:06,240 Speaker 2: and YouTube has already won the first few rounds of 100 00:04:06,240 --> 00:04:06,640 Speaker 2: this battle. 101 00:04:06,640 --> 00:04:08,920 Speaker 1: You see, b Man. Unlike traditional TV ads which are 102 00:04:08,920 --> 00:04:12,120 Speaker 1: often hard to measure, CTV ads are delivered via internet 103 00:04:12,120 --> 00:04:12,960 Speaker 1: connected TVs. 104 00:04:13,080 --> 00:04:16,000 Speaker 2: That means they can target their audience a whole lot better. 105 00:04:16,040 --> 00:04:18,360 Speaker 1: They know what that viewers watched previously as well as 106 00:04:18,360 --> 00:04:19,000 Speaker 1: their interests. 107 00:04:19,040 --> 00:04:21,000 Speaker 2: They can track data on the performance of the ads 108 00:04:21,000 --> 00:04:21,320 Speaker 2: as well. 109 00:04:21,400 --> 00:04:23,520 Speaker 1: Yeah, they're not guessing that the audience of the block 110 00:04:23,640 --> 00:04:25,440 Speaker 1: is middle aged men and women in a two story 111 00:04:25,440 --> 00:04:27,799 Speaker 1: house in metro melbourneor Sydney. In fact, by Man YouTube 112 00:04:27,839 --> 00:04:31,080 Speaker 1: claims CTV ads on its platform drove over one billion 113 00:04:31,120 --> 00:04:32,880 Speaker 1: conversions in the past twelve months. 114 00:04:32,920 --> 00:04:36,160 Speaker 2: So jazy boy YouTube isn't just an online video platform 115 00:04:36,279 --> 00:04:36,640 Speaker 2: no more. 116 00:04:36,920 --> 00:04:39,200 Speaker 1: It's a TV network, a search engine, a music service 117 00:04:39,279 --> 00:04:41,200 Speaker 1: and an ad tech beast all in. 118 00:04:41,200 --> 00:04:42,800 Speaker 2: One, and clearly it is working. 119 00:04:43,160 --> 00:04:46,000 Speaker 1: For our third and final story, Tesla has suffered its 120 00:04:46,000 --> 00:04:49,080 Speaker 1: steepest drop in quarterly revenue in over a decade. After 121 00:04:49,120 --> 00:04:52,400 Speaker 1: its struggle with strong competition and less government support. 122 00:04:52,120 --> 00:04:55,200 Speaker 2: Tesla slamming on the brakes and reversing what is going 123 00:04:55,240 --> 00:04:55,520 Speaker 2: on here? 124 00:04:55,560 --> 00:04:58,000 Speaker 1: Okay, so we know Tesla the og electric car giant 125 00:04:58,040 --> 00:05:00,680 Speaker 1: and launched its first electric vehicle two thousand and eight. 126 00:05:00,720 --> 00:05:03,760 Speaker 2: And while Tesla once dominated the EV space, its competitors 127 00:05:03,760 --> 00:05:05,520 Speaker 2: have come thick and fast. 128 00:05:05,279 --> 00:05:08,280 Speaker 1: As the pure electric vehicle competitors like Polestar and x 129 00:05:08,360 --> 00:05:09,160 Speaker 1: Peg and Rivian. 130 00:05:09,279 --> 00:05:12,040 Speaker 2: And of course you've got your traditional legacy car makers 131 00:05:12,080 --> 00:05:15,000 Speaker 2: also building plenty of electric cars, your Toyotas, You're Ford, 132 00:05:15,000 --> 00:05:17,799 Speaker 2: your Volvos, BMW's and the rest. And with more competition 133 00:05:18,040 --> 00:05:21,960 Speaker 2: and less government subsidies, Tesla is really feeling the electric squeeze. 134 00:05:22,040 --> 00:05:24,719 Speaker 1: It's revenue fell twelve percent. Well, it's net income fell 135 00:05:24,839 --> 00:05:26,600 Speaker 1: sixteen percent in the second quarter, and. 136 00:05:26,480 --> 00:05:29,200 Speaker 2: That's the biggest drop in quarterly revenue for over ten years. 137 00:05:29,279 --> 00:05:31,560 Speaker 1: The man Elon Musk isn't interested in talking about what 138 00:05:31,640 --> 00:05:35,680 Speaker 1: his business is today. He's focused on the next big thing, Robotaxi. 139 00:05:35,880 --> 00:05:39,359 Speaker 2: Yep, He's got plans to expand Tesla's Robotaxi network to 140 00:05:39,400 --> 00:05:41,479 Speaker 2: cover half of the US by the end of this year. 141 00:05:41,560 --> 00:05:44,360 Speaker 1: Nothing like distracting your investors with the future bets or 142 00:05:44,360 --> 00:05:45,599 Speaker 1: the core businesses on fire? 143 00:05:45,720 --> 00:05:47,520 Speaker 2: And why is it on fire? Juzzy boy? 144 00:05:47,640 --> 00:05:50,400 Speaker 1: Number one competition and number two the enormous drop in 145 00:05:50,440 --> 00:05:52,960 Speaker 1: carbon credits which is really hitting their bottom line. 146 00:05:52,960 --> 00:05:53,960 Speaker 2: So what's the key learning here? 147 00:05:54,000 --> 00:05:57,840 Speaker 1: Carbon credits allow polluting companies to purchase credits that effectively 148 00:05:57,960 --> 00:05:59,240 Speaker 1: offset their pollution. 149 00:05:59,000 --> 00:06:02,520 Speaker 2: And you can buy carbon credits from cleaner companies Tesla yep. 150 00:06:02,560 --> 00:06:05,560 Speaker 2: Tesla has relied on selling these carbon credits to traditional 151 00:06:05,600 --> 00:06:08,560 Speaker 2: carmakers that still produce petrol vehicles and be man at. 152 00:06:08,560 --> 00:06:12,159 Speaker 1: Tesla's historically made hundreds of millions each quarter from selling 153 00:06:12,160 --> 00:06:13,040 Speaker 1: these credits. 154 00:06:12,680 --> 00:06:15,720 Speaker 2: But thanks to new laws, those juicy subsidies are drying up. 155 00:06:15,800 --> 00:06:18,279 Speaker 1: Get this, Tesla earned four hundred and thirty nine million 156 00:06:18,400 --> 00:06:21,200 Speaker 1: US dollars in the last quarter from other carmakers hating 157 00:06:21,240 --> 00:06:22,080 Speaker 1: them for carbon credits. 158 00:06:22,080 --> 00:06:24,640 Speaker 2: And while that sounds quite huge, there's less than half 159 00:06:24,720 --> 00:06:27,440 Speaker 2: of what reported in the same quarter here ago. 160 00:06:27,240 --> 00:06:30,880 Speaker 1: And be Man. These carbon credits were Tesla's financial safety buffer. 161 00:06:30,960 --> 00:06:34,000 Speaker 2: But juicy boy, as these credits continue to decline, investors 162 00:06:34,000 --> 00:06:36,760 Speaker 2: have realized that Tesla has been too dependent on non 163 00:06:36,800 --> 00:06:37,799 Speaker 2: core revenue streams. 164 00:06:37,839 --> 00:06:39,520 Speaker 1: Flux Sam, do you self a favor art and have 165 00:06:39,600 --> 00:06:41,720 Speaker 1: a look at your subscriptions in the Flux app. I 166 00:06:41,760 --> 00:06:43,920 Speaker 1: guarantee you you'll be surprised by what you find. There's 167 00:06:43,960 --> 00:06:46,159 Speaker 1: always a couple of hidden subscriptions that you're paying for 168 00:06:46,360 --> 00:06:48,160 Speaker 1: and you'd never use to make sure to download the 169 00:06:48,160 --> 00:06:50,040 Speaker 1: Flux app and check out the subscription tracker. 170 00:06:50,160 --> 00:06:52,520 Speaker 2: Thanks for listening and we'll see you on Monday.