1 00:00:05,200 --> 00:00:06,640 Speaker 1: This is bot the Flux. 2 00:00:06,760 --> 00:00:09,719 Speaker 2: I'm Brett A Justin and it's Friday, eighty eighteenth of July. 3 00:00:09,920 --> 00:00:10,360 Speaker 1: Jusey boy. 4 00:00:10,400 --> 00:00:12,920 Speaker 3: The unemployment rate in Australia has jumped from four point 5 00:00:12,920 --> 00:00:15,200 Speaker 3: one percent to four point three percent. And while this 6 00:00:15,280 --> 00:00:18,440 Speaker 3: doesn't sound like big used, it most certainly is. That's 7 00:00:18,480 --> 00:00:20,960 Speaker 3: because when the RBA paused the cash rate last week, 8 00:00:21,079 --> 00:00:24,360 Speaker 3: the stubborn unemployment rate was one of its major concerns. 9 00:00:24,440 --> 00:00:27,600 Speaker 3: Seeing but now that this has lifted, there's hardly an 10 00:00:27,640 --> 00:00:31,040 Speaker 3: economist in the land who believes the RBA won't drop 11 00:00:31,160 --> 00:00:32,280 Speaker 3: rates in August. 12 00:00:32,360 --> 00:00:34,960 Speaker 2: It would be a very brave economists be manx man. 13 00:00:35,080 --> 00:00:37,560 Speaker 2: If you are in the process or thinking about starting 14 00:00:37,560 --> 00:00:40,560 Speaker 2: a family sometime down the line, there are a whole 15 00:00:40,560 --> 00:00:42,879 Speaker 2: lot of financial things that you need to consit out. 16 00:00:42,880 --> 00:00:45,320 Speaker 2: The starting family isn't just a lifestyle choice, it's a 17 00:00:45,400 --> 00:00:49,199 Speaker 2: big financial decisions. We cover the three major financial considerations 18 00:00:49,400 --> 00:00:51,960 Speaker 2: to think about before you go full baby modes. Make 19 00:00:51,960 --> 00:00:54,360 Speaker 2: sure to download the Flex app. Could check it out. 20 00:00:54,200 --> 00:00:56,640 Speaker 1: Three monstrous stories today. 21 00:00:56,720 --> 00:00:59,760 Speaker 3: Juzsi boy, Let's do it for our first Emirates is 22 00:00:59,760 --> 00:01:03,640 Speaker 3: play to take on Quantus and Australia Post by launching 23 00:01:03,680 --> 00:01:06,120 Speaker 3: its courier express service in Australia. 24 00:01:06,200 --> 00:01:08,080 Speaker 2: So what you're telling me is, I won't need to 25 00:01:08,080 --> 00:01:10,560 Speaker 2: wait two weeks my four dollars mobile phone case from 26 00:01:10,600 --> 00:01:13,040 Speaker 2: tv WO anyone, BEP. Tell me what's going on here? 27 00:01:13,080 --> 00:01:13,400 Speaker 1: All right? 28 00:01:13,440 --> 00:01:16,360 Speaker 3: So Emirates is the Dubai based airline that's been getting 29 00:01:16,360 --> 00:01:19,200 Speaker 3: Australians to Europe for quite a number of years now yep. 30 00:01:19,280 --> 00:01:21,679 Speaker 2: And it has a great in flight entertainment system. 31 00:01:21,840 --> 00:01:24,520 Speaker 3: Might I add we're talking over three thousand, six hundred 32 00:01:24,520 --> 00:01:26,319 Speaker 3: flights per week to more than one hundred and fifty 33 00:01:26,319 --> 00:01:27,360 Speaker 3: cities around the world. 34 00:01:27,480 --> 00:01:30,360 Speaker 2: Wow. But Benman, Emirates announced plans to grow its revenue, 35 00:01:30,440 --> 00:01:32,679 Speaker 2: and it's not by taking more passages. 36 00:01:32,319 --> 00:01:34,040 Speaker 1: And it's not by jacking up their fairs either. 37 00:01:34,120 --> 00:01:37,600 Speaker 2: They plan to launch a new Korea Express network into Australia. 38 00:01:37,720 --> 00:01:41,160 Speaker 3: Now what that means is packages will hitch a ride 39 00:01:41,280 --> 00:01:43,600 Speaker 3: in the belly of Emirates passenger planes. 40 00:01:43,680 --> 00:01:46,399 Speaker 2: Yeah, they're already looking to put packages on seventy flights 41 00:01:46,440 --> 00:01:49,640 Speaker 2: per week into Sydney and Melbourne and Brisbane, even Perth. 42 00:01:49,800 --> 00:01:52,760 Speaker 3: Now this move puts Emirates in direct competition with Quantus 43 00:01:52,840 --> 00:01:53,800 Speaker 3: and Australia Posts. 44 00:01:53,800 --> 00:01:56,960 Speaker 2: Even though Emirates insists there's room in the skies for everyone. 45 00:01:57,240 --> 00:01:58,480 Speaker 2: So what is the key learning here? 46 00:01:58,560 --> 00:02:01,960 Speaker 3: Airlines don't just make money from passengers and their oversized luggage. 47 00:02:02,040 --> 00:02:04,560 Speaker 3: May I add because the cargo hold can be a 48 00:02:04,600 --> 00:02:05,520 Speaker 3: bit of a gold mine. 49 00:02:05,600 --> 00:02:08,440 Speaker 2: In fact, be man, Most passenger airlines earn between seven 50 00:02:08,520 --> 00:02:12,079 Speaker 2: and fifteen percent of their total revenue from cargo operations. 51 00:02:12,280 --> 00:02:13,200 Speaker 1: Makes sense, Jasey boy. 52 00:02:13,240 --> 00:02:17,360 Speaker 3: They want to utilize the unused belly space on existing flights. 53 00:02:17,440 --> 00:02:20,239 Speaker 2: Yeah, so instead of adding extra flights or infrastructure to 54 00:02:20,360 --> 00:02:23,840 Speaker 2: grow revenue, they're monetizing the unused space on flights they're 55 00:02:23,919 --> 00:02:24,720 Speaker 2: already running. 56 00:02:24,800 --> 00:02:27,000 Speaker 3: And the timing makes sense. In the past two years, 57 00:02:27,160 --> 00:02:30,440 Speaker 3: there has been a forty five percent rise in inbound 58 00:02:30,560 --> 00:02:33,560 Speaker 3: small parcels to Australia. So yes, your parcel may soon 59 00:02:33,639 --> 00:02:36,440 Speaker 3: be flying Emirates, possibly enjoying better service than you did 60 00:02:36,600 --> 00:02:40,440 Speaker 3: in row eighty seven. For our second story, a stealth 61 00:02:40,600 --> 00:02:44,400 Speaker 3: AI company named Thinking Machines has just raised two billion 62 00:02:44,520 --> 00:02:47,240 Speaker 3: US dollars before even launching a product. 63 00:02:47,320 --> 00:02:49,680 Speaker 2: All right, it's fair to say AI fever is still 64 00:02:50,000 --> 00:02:52,000 Speaker 2: running absolutely hot. So tell me more. 65 00:02:52,080 --> 00:02:54,320 Speaker 3: Well, we know that every investor and their dog, cat 66 00:02:54,440 --> 00:02:57,680 Speaker 3: and turtle won a slice of the AI market right now. 67 00:02:57,919 --> 00:03:00,200 Speaker 2: Yep. In fact, be Man Ai made up sixty four 68 00:03:00,240 --> 00:03:03,040 Speaker 2: percent of US startup deal value in the first half 69 00:03:03,080 --> 00:03:04,880 Speaker 2: of twenty twenty five, according to Pitchbook. 70 00:03:04,919 --> 00:03:07,440 Speaker 3: So now a new AI startup that was founded just 71 00:03:07,600 --> 00:03:10,480 Speaker 3: in February this year has announced itself to the market. 72 00:03:10,639 --> 00:03:13,520 Speaker 2: Yep. It's called Thinking Machines Lab and it was founded 73 00:03:13,600 --> 00:03:16,919 Speaker 2: by a former Open Ai exec named Mira Murti. 74 00:03:17,080 --> 00:03:19,880 Speaker 3: And Thinking Machines Lab has just announced that it raised 75 00:03:19,919 --> 00:03:23,200 Speaker 3: two billion US dollars at a twelve billion dollar valuation 76 00:03:23,560 --> 00:03:25,040 Speaker 3: in what it calls a seed round. 77 00:03:25,160 --> 00:03:27,480 Speaker 2: And be man, what exactly does this company do and 78 00:03:27,560 --> 00:03:28,799 Speaker 2: how much revenue does it have? 79 00:03:29,200 --> 00:03:31,280 Speaker 3: Very good questions, Jasie Boy, And the answer is it 80 00:03:31,360 --> 00:03:34,320 Speaker 3: has no products yet and obviously no revenue. 81 00:03:34,040 --> 00:03:36,280 Speaker 2: Yet, not a single chatbot to speak of. 82 00:03:36,920 --> 00:03:40,120 Speaker 3: The capital was raised off the back of its potential, 83 00:03:40,240 --> 00:03:42,560 Speaker 3: as well as the talent that the CEO has in 84 00:03:42,640 --> 00:03:43,200 Speaker 3: the team. 85 00:03:43,080 --> 00:03:45,120 Speaker 2: And a whole lot of hip. But it ain't every 86 00:03:45,200 --> 00:03:47,800 Speaker 2: day investors buying into Thinking Machines Lab. We're talking some 87 00:03:47,920 --> 00:03:51,000 Speaker 2: of the biggest venture capital firms in the whole wide world. 88 00:03:51,320 --> 00:03:53,640 Speaker 2: So what's the key learning here? In traditional business? A 89 00:03:53,720 --> 00:03:57,120 Speaker 2: company's valuation reflects its earnings or its assets. 90 00:03:56,800 --> 00:03:59,600 Speaker 3: That in emerging tech like AI, talent is a key 91 00:03:59,680 --> 00:04:01,120 Speaker 3: part of the products right now. 92 00:04:01,280 --> 00:04:04,200 Speaker 2: Yeah, that's because vcs often taking into account what the 93 00:04:04,280 --> 00:04:06,720 Speaker 2: team could build and how big the market could be 94 00:04:06,960 --> 00:04:09,000 Speaker 2: for the eventual product. And be Man, a startup by 95 00:04:09,080 --> 00:04:11,720 Speaker 2: Thinking Machines can be valued at twelve billion dollars with 96 00:04:11,880 --> 00:04:16,520 Speaker 2: no revenue because of who's involved ie x open Ai leaders. Yeah, 97 00:04:16,600 --> 00:04:19,240 Speaker 2: almost two thirds of Thinking Machines team is made up 98 00:04:19,279 --> 00:04:22,000 Speaker 2: of former open ai employees. But b Man, other AI 99 00:04:22,120 --> 00:04:24,600 Speaker 2: labs formed by open ai alumni have a pretty good 100 00:04:24,680 --> 00:04:25,560 Speaker 2: track record as well. 101 00:04:25,680 --> 00:04:29,080 Speaker 3: Yep, look at Anthropic, which was also founded by former 102 00:04:29,160 --> 00:04:30,800 Speaker 3: open ai employees. 103 00:04:30,400 --> 00:04:32,559 Speaker 2: Currently in the process of raising capital at one hundred 104 00:04:32,640 --> 00:04:35,160 Speaker 2: billion US dollar valuation. So be man at the vcs 105 00:04:35,200 --> 00:04:37,760 Speaker 2: are betting that if Thinking Machine captures even a small 106 00:04:37,839 --> 00:04:41,400 Speaker 2: slice of the future AI market, the return could be massive. 107 00:04:41,600 --> 00:04:46,560 Speaker 3: For our third and final story, Popmart's profits are popping 108 00:04:46,640 --> 00:04:50,240 Speaker 3: off thanks to its elf doll named La Booboo. 109 00:04:50,320 --> 00:04:53,600 Speaker 2: Move over Pokemon cards and frbies. There is a new 110 00:04:53,680 --> 00:04:56,080 Speaker 2: hype training town and it's a gremlin looking thing. So 111 00:04:56,440 --> 00:04:57,720 Speaker 2: what is going on here? All right? 112 00:04:57,800 --> 00:05:00,280 Speaker 3: So PopMart is a Chinese toy company known for it's 113 00:05:00,320 --> 00:05:01,360 Speaker 3: blind box toys. 114 00:05:01,440 --> 00:05:04,400 Speaker 2: That's collectible toys wrapped in mystery packaging. 115 00:05:04,520 --> 00:05:06,520 Speaker 1: Well, you don't know what you're getting until you open it. 116 00:05:06,600 --> 00:05:09,000 Speaker 2: It's a dope mean here wrapped in plastic. 117 00:05:08,800 --> 00:05:10,920 Speaker 1: And Juzzi Boy. They've sold the whole range of collectible 118 00:05:10,960 --> 00:05:12,360 Speaker 1: toys in blind boxes. 119 00:05:12,080 --> 00:05:14,600 Speaker 2: But nothing has hit quite like Lea Booboo. 120 00:05:14,800 --> 00:05:17,960 Speaker 3: Yep, these little elf creatures with jagged teeth have become 121 00:05:18,040 --> 00:05:19,800 Speaker 3: an international obsession. 122 00:05:19,920 --> 00:05:23,080 Speaker 2: We're talking cues forming at PopMart stores around the world. 123 00:05:23,279 --> 00:05:25,840 Speaker 3: Riyana, Djua Lipa, They've all got their hands on them 124 00:05:25,880 --> 00:05:28,560 Speaker 3: to Juzy Boy, which only boosts their popularity even more. 125 00:05:28,640 --> 00:05:31,000 Speaker 2: Now me man. PopMart is actually listed on the Hong 126 00:05:31,080 --> 00:05:33,320 Speaker 2: Kong Stock Exchange and it's seen at share price jump 127 00:05:33,360 --> 00:05:36,719 Speaker 2: by almost six hundred percent in the last twelve months alone. 128 00:05:36,480 --> 00:05:39,120 Speaker 3: And now PopMart has said its profits are expected to 129 00:05:39,200 --> 00:05:41,279 Speaker 3: jump by three hundred and fifty percent on the first 130 00:05:41,320 --> 00:05:44,240 Speaker 3: half of this year thanks to its international expansion. But 131 00:05:44,920 --> 00:05:47,119 Speaker 3: it ain't just a toy company Juzzy Boy, it's pretty 132 00:05:47,200 --> 00:05:50,880 Speaker 3: much a hype machine with limited edition toys and severe 133 00:05:51,080 --> 00:05:53,159 Speaker 3: fomo for gen z is that miss out. 134 00:05:53,120 --> 00:05:55,240 Speaker 2: Nothing like a bit of artificial scarcity. 135 00:05:55,800 --> 00:05:56,880 Speaker 1: So what is the key learning here? 136 00:05:57,040 --> 00:06:00,960 Speaker 2: Artificial scarcity is when companies intentionally limit access to a product, 137 00:06:01,120 --> 00:06:03,440 Speaker 2: not because they have to, because it makes us want 138 00:06:03,480 --> 00:06:03,920 Speaker 2: it more. 139 00:06:04,040 --> 00:06:07,400 Speaker 3: When marketers make things look rare, our brains go banana 140 00:06:07,440 --> 00:06:08,280 Speaker 3: milkshakes for it. 141 00:06:08,400 --> 00:06:10,720 Speaker 2: Get this be man. Nearly sixty percent of gen z 142 00:06:11,000 --> 00:06:13,880 Speaker 2: have bought something purely because they're afraid of missing out. 143 00:06:13,880 --> 00:06:17,440 Speaker 2: According to YouGov, and unboxing of le Boo Boos has 144 00:06:17,600 --> 00:06:19,920 Speaker 2: not only become a three or four A collector, it's 145 00:06:19,920 --> 00:06:22,120 Speaker 2: become a TikTok trend. Yeah, there are more than one 146 00:06:22,160 --> 00:06:25,680 Speaker 2: point two million videos on TikTok with the hashtag which 147 00:06:25,760 --> 00:06:27,440 Speaker 2: the hashtag Labuobu. 148 00:06:27,120 --> 00:06:27,840 Speaker 1: So Jazi boy. 149 00:06:27,960 --> 00:06:31,000 Speaker 3: This artificial scarcity of the lab Boo Boo doesn't just 150 00:06:31,080 --> 00:06:32,880 Speaker 3: sell products, it sells a feeling. 151 00:06:33,040 --> 00:06:35,520 Speaker 2: And that feeling has turned the popmark founder into the 152 00:06:35,640 --> 00:06:38,800 Speaker 2: tenth richest person in China. Crazies plucks out. If you're 153 00:06:38,880 --> 00:06:41,360 Speaker 2: starting to enter into your parenting era, there are three 154 00:06:41,560 --> 00:06:44,599 Speaker 2: major financial considerations to think about before we go full 155 00:06:44,640 --> 00:06:46,840 Speaker 2: baby mood, and we have listed them out step by 156 00:06:46,880 --> 00:06:48,880 Speaker 2: step in the Flux Out this week. So if you 157 00:06:48,880 --> 00:06:50,360 Speaker 2: want to learn a little bit more, make sure to 158 00:06:50,440 --> 00:06:50,960 Speaker 2: check it out in 159 00:06:51,000 --> 00:06:53,000 Speaker 1: The Flux out Thanks for listening, and we'll see you 160 00:06:53,200 --> 00:06:54,039 Speaker 1: on Monday.