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Speaker 1: This is what the flucks.

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Speaker 2: I'm Bratt and Justin and it's Monday, the eleventh of November.

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Speaker 3: Josie, boy, did you notice some happy faces over the

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Speaker 3: weekend on the streets around town?

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Speaker 2: I did in back.

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Speaker 3: Well, last week was the ASX best week since mid August,

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Speaker 3: if you didn't mind. It's all based on the expectation

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Speaker 3: for rate cuts next year and China pumping squillions of

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Speaker 3: dollars in stimulus into its own economy, and all of

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Speaker 3: this leads to a very happy share market onwards.

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Speaker 2: And upwards, I ab man. Indeed, flamm can luxury items

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Speaker 2: make good investments? That is the question that we had

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Speaker 2: on our lips in the Flux app. And let me

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Speaker 2: tell you one interesting fun fact for you. The rare

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Speaker 2: whiskey market rose two hundred and eighty percent over the

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Speaker 2: last ten years. So if you want to know which

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Speaker 2: luxury items have grown in value over the past decade,

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Speaker 2: it's all covered in the Flux app.

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Speaker 3: Three inflationary stories today, JUSI boy, let's do it for

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Speaker 3: our first. Australians under the age of sixteen are going

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Speaker 3: to be banned from using TikTok, Facebook and Insta under

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Speaker 3: new government legislation not going to be a.

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Speaker 2: Popular decision for the youth of today.

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Speaker 1: Be Man or big Tech. So tell me what, well,

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Speaker 1: Josie Boy.

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Speaker 3: Ever since social media took off in the early two thousands,

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Speaker 3: it's been a pretty revolutionary way to connect with other humanoids,

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Speaker 3: with your.

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Speaker 2: Friends, with your overseas cousins, and that person you once

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Speaker 2: met in a hostel.

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Speaker 1: Fourteen years ago.

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Speaker 3: You are still following from the old MySpace wall back

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Speaker 3: in the day to Facebook's wall, and then of course

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Speaker 3: snap stories and dms and be man or social media

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Speaker 3: companies always promote the benefits of social media, there's also

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Speaker 3: a pretty hairy underbelly. Yep, you might remember Josie Boy.

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Speaker 3: Three years ago, Leake documents showed that Meta actually knew

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Speaker 3: that Instagram was harming the mental health of teen girls.

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Speaker 2: And the man. Similar stories around the impact of social

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Speaker 2: media on youth have come up time and time again

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Speaker 2: in recent years.

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Speaker 3: And now the Australian government is going to restrict social

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Speaker 3: media access to Australians under the age of sixteen.

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Speaker 2: We're talking to Insta and Facebook and TikTok and Snap

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Speaker 2: and x and up to thirty more social media platforms,

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Speaker 2: and these underages will only be able to use the

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Speaker 2: platforms if they have consent from their guardians or parents.

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Speaker 2: But the scariest part is that it could set a

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Speaker 2: precedent for other countries to ban social media for underage

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Speaker 2: users too.

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Speaker 1: So what is the key learning here?

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Speaker 2: One bold decision today can set a precedent for many

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Speaker 2: bold decisions in the future.

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Speaker 3: Now, Australia's decision to ban social media for under sixteenth

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Speaker 3: is a world first.

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Speaker 2: So that means other countries are waiting and watching to

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Speaker 2: see the impact of this law.

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Speaker 3: And they may potentially roll it out themselves as a

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Speaker 3: world second.

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Speaker 2: Yeah, the UK is already looking towards rolling out something similar.

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Speaker 1: But here's the thing, Jazzy Boy.

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Speaker 3: For social media giants like TikTok and Meta, they generate

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Speaker 3: a bucket load of revenue from this demographic.

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Speaker 2: In fact, last year Instagram made heaps of its AD

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Speaker 2: revenue from use age Between fourteen and seventeen.

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Speaker 1: We are talking four billion US dollars.

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Speaker 2: And you're not out of the wards either. TikTok making

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Speaker 2: two billion US dollars from underages and YouTube made one

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Speaker 2: point two billion US dollars not out of the woods either.

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Speaker 2: So this social media band takes off around the world,

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Speaker 2: it could seriously impact their innings.

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Speaker 3: For our second story, Saudi Aramco, the world's largest oil producer,

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Speaker 3: has seen its third quarter profits plummet fifteen percent after

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Speaker 3: lower oil prices eight into its margin.

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Speaker 2: Your young, Brie, those petrol prices, I say, be man,

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Speaker 2: good for consumers.

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Speaker 1: So what is going on here?

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Speaker 2: Oh?

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Speaker 1: Well, jasy boy.

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Speaker 3: Saudi Aramco is the state owned oil company majority owned

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Speaker 3: by the Kingdom of Saudi Arabia.

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Speaker 2: And by majority we mean serious majority. Saudi Arabia owns

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Speaker 2: more than ninety seven percent of Saudi Aramco, and Saudi Aramco.

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Speaker 1: Is not small as it happens.

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Speaker 3: In fact, it's the world's sixth most valuable company and.

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Speaker 2: B Man, the dividends from Saudi Ramco are used to

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Speaker 2: invest in the future of Saudi Arabia.

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Speaker 3: But the future of Saudi Arabia may be on a

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Speaker 3: slight pause right now.

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Speaker 1: Doessey Boy tell me what?

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Speaker 2: Because in the most recent quarter, Saudi Aramco reported revenue

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Speaker 2: of one hundred and eleven billion US dollars, which actually

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Speaker 2: was less than two percent below last year. But the

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Speaker 2: kicker is its profits were down fifteen percent for the

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Speaker 2: quarter compared to the same time last year.

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Speaker 3: The main reason you're asking, well, the price of oil

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Speaker 3: has dropped big time in the past twelve months.

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Speaker 2: And be Man being the biggest in the world, Saudi

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Speaker 2: Aramco is a bellweather for the global oil industry.

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Speaker 1: So what is the key learning here?

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Speaker 2: Bell weather stocks are the stocks that are normally used

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Speaker 2: to gauge the general performance of an industry or a

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Speaker 2: market or the overall.

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Speaker 3: Economy, and when they do well, it's often assigned that

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Speaker 3: all are thriving.

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Speaker 2: And when they don't do well, it's often a pretty

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Speaker 2: good indicator that the industry is struggling.

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Speaker 3: And just what Saudi Ramco produces around one in every

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Speaker 3: eight barrels of global crude oil if you do not mind.

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Speaker 2: So it's fair to say that Saudi Ramcoast performance is

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Speaker 2: a pretty good indicator into the rest of the market.

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Speaker 3: And some of the biggest companies are also bell weathers

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Speaker 3: in their own industries, like Alphabet and the tech industry,

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Speaker 3: or companies like Finex in the US or Australia post

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Speaker 3: They can often be used as bell weathers for consumer demand.

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Speaker 2: But be Man, given the drop in oil prices this

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Speaker 2: year and Saudi Ramcoast profit it's no surprise that it

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Speaker 2: shares it down more than fifteen percent this year alone.

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Speaker 3: For our third and final story, Cooper's Brewery, the Australian

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Speaker 3: owned brewery has seen its profit jump following a pretty

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Speaker 3: unique alcohol offering who.

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Speaker 2: Uzzi Drinkers with title oilet's getting kind of creative here,

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Speaker 2: so tell me what is go so.

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Speaker 3: Cooper's Beer has been around since eighteen sixty two and

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Speaker 3: is still majority owned by the original Cooper's family man.

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Speaker 2: It currently has around five percent of the national beer

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Speaker 2: market with It's paleol and It's sparkling our beers.

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Speaker 3: But over the past few years it's struggled to compete

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Speaker 3: against the likes of Asahi and Lyon.

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Speaker 2: Those are the big brands that own beers like Carlton

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Speaker 2: Draft and twoe'es in four x gold and many many

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Speaker 2: more beer brands.

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Speaker 3: The boy Cooper's has bounced back this year with a

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Speaker 3: nearly six percent jump in profit to twenty three million bucks,

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Speaker 3: and it's all.

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Speaker 2: Thanks to a little secret weapon of theirs, the home

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Speaker 2: brewing beer kit Boy.

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Speaker 3: As ozzies are feeling more financially stressed, they're turning to

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Speaker 3: home brewing as value for money.

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Speaker 2: I must say, Mann, I've tried it once before and

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Speaker 2: it didn't quite work out the way I plan.

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Speaker 3: And Joe Boy, Cooper's actually owns ninety percent of the

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Speaker 3: home brewing kit market here in Australia.

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Speaker 2: And the market has grown rapidly since the cost of

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Speaker 2: living challenges that we're all facing.

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Speaker 1: Intrigued to see where you go here, Josie Boy, So

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Speaker 1: what is the key learning?

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Speaker 2: Understanding consumer behavior trends is vital for any business, especially

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Speaker 2: in the alcoholic beverage industry.

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Speaker 3: Beer brands are facing some pretty major challenges right now.

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Speaker 1: Yeah.

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Speaker 2: Well, first, there's the cultural shifts that are having a

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Speaker 2: major influence on how and when people are consuming alcohol.

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Speaker 3: For example, Cooper's found that since more people work from

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Speaker 3: home after work drinks they're not as popular.

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Speaker 2: And then we've also got things like the tough economic conditions.

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Speaker 3: Yep, alcohol consumption is becoming pretty expensive with price rises

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Speaker 3: every year.

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Speaker 2: But be man. With home brewing kits, Coopers is actually

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Speaker 2: showing us that it's possible to refigorate a product despite

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Speaker 2: the challenges in the industry.

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Speaker 3: Tell you what, Jaesibay, what I'd really love is a

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Speaker 3: home financial education kit.

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Speaker 1: You got one for me?

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Speaker 2: I do. It's all actually in the Flux App. We're

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Speaker 2: talking budgeting, we're talking credit's call, and a heap of

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Speaker 2: juicy content to help you win at money every single.

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Speaker 1: Day you download the Flux App.

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Speaker 2: Thanks for listening, and we'll see you on Wednesday.