Speaker 1: This is what the flucks.
Speaker 2: I'm Bratt and Justin and it's Monday, the eleventh of November.
Speaker 3: Josie, boy, did you notice some happy faces over the
Speaker 3: weekend on the streets around town?
Speaker 2: I did in back.
Speaker 3: Well, last week was the ASX best week since mid August,
Speaker 3: if you didn't mind. It's all based on the expectation
Speaker 3: for rate cuts next year and China pumping squillions of
Speaker 3: dollars in stimulus into its own economy, and all of
Speaker 3: this leads to a very happy share market onwards.
Speaker 2: And upwards, I ab man. Indeed, flamm can luxury items
Speaker 2: make good investments? That is the question that we had
Speaker 2: on our lips in the Flux app. And let me
Speaker 2: tell you one interesting fun fact for you. The rare
Speaker 2: whiskey market rose two hundred and eighty percent over the
Speaker 2: last ten years. So if you want to know which
Speaker 2: luxury items have grown in value over the past decade,
Speaker 2: it's all covered in the Flux app.
Speaker 3: Three inflationary stories today, JUSI boy, let's do it for
Speaker 3: our first. Australians under the age of sixteen are going
Speaker 3: to be banned from using TikTok, Facebook and Insta under
Speaker 3: new government legislation not going to be a.
Speaker 2: Popular decision for the youth of today.
Speaker 1: Be Man or big Tech. So tell me what, well,
Speaker 1: Josie Boy.
Speaker 3: Ever since social media took off in the early two thousands,
Speaker 3: it's been a pretty revolutionary way to connect with other humanoids,
Speaker 3: with your.
Speaker 2: Friends, with your overseas cousins, and that person you once
Speaker 2: met in a hostel.
Speaker 1: Fourteen years ago.
Speaker 3: You are still following from the old MySpace wall back
Speaker 3: in the day to Facebook's wall, and then of course
Speaker 3: snap stories and dms and be man or social media
Speaker 3: companies always promote the benefits of social media, there's also
Speaker 3: a pretty hairy underbelly. Yep, you might remember Josie Boy.
Speaker 3: Three years ago, Leake documents showed that Meta actually knew
Speaker 3: that Instagram was harming the mental health of teen girls.
Speaker 2: And the man. Similar stories around the impact of social
Speaker 2: media on youth have come up time and time again
Speaker 2: in recent years.
Speaker 3: And now the Australian government is going to restrict social
Speaker 3: media access to Australians under the age of sixteen.
Speaker 2: We're talking to Insta and Facebook and TikTok and Snap
Speaker 2: and x and up to thirty more social media platforms,
Speaker 2: and these underages will only be able to use the
Speaker 2: platforms if they have consent from their guardians or parents.
Speaker 2: But the scariest part is that it could set a
Speaker 2: precedent for other countries to ban social media for underage
Speaker 2: users too.
Speaker 1: So what is the key learning here?
Speaker 2: One bold decision today can set a precedent for many
Speaker 2: bold decisions in the future.
Speaker 3: Now, Australia's decision to ban social media for under sixteenth
Speaker 3: is a world first.
Speaker 2: So that means other countries are waiting and watching to
Speaker 2: see the impact of this law.
Speaker 3: And they may potentially roll it out themselves as a
Speaker 3: world second.
Speaker 2: Yeah, the UK is already looking towards rolling out something similar.
Speaker 1: But here's the thing, Jazzy Boy.
Speaker 3: For social media giants like TikTok and Meta, they generate
Speaker 3: a bucket load of revenue from this demographic.
Speaker 2: In fact, last year Instagram made heaps of its AD
Speaker 2: revenue from use age Between fourteen and seventeen.
Speaker 1: We are talking four billion US dollars.
Speaker 2: And you're not out of the wards either. TikTok making
Speaker 2: two billion US dollars from underages and YouTube made one
Speaker 2: point two billion US dollars not out of the woods either.
Speaker 2: So this social media band takes off around the world,
Speaker 2: it could seriously impact their innings.
Speaker 3: For our second story, Saudi Aramco, the world's largest oil producer,
Speaker 3: has seen its third quarter profits plummet fifteen percent after
Speaker 3: lower oil prices eight into its margin.
Speaker 2: Your young, Brie, those petrol prices, I say, be man,
Speaker 2: good for consumers.
Speaker 1: So what is going on here?
Speaker 2: Oh?
Speaker 1: Well, jasy boy.
Speaker 3: Saudi Aramco is the state owned oil company majority owned
Speaker 3: by the Kingdom of Saudi Arabia.
Speaker 2: And by majority we mean serious majority. Saudi Arabia owns
Speaker 2: more than ninety seven percent of Saudi Aramco, and Saudi Aramco.
Speaker 1: Is not small as it happens.
Speaker 3: In fact, it's the world's sixth most valuable company and.
Speaker 2: B Man, the dividends from Saudi Ramco are used to
Speaker 2: invest in the future of Saudi Arabia.
Speaker 3: But the future of Saudi Arabia may be on a
Speaker 3: slight pause right now.
Speaker 1: Doessey Boy tell me what?
Speaker 2: Because in the most recent quarter, Saudi Aramco reported revenue
Speaker 2: of one hundred and eleven billion US dollars, which actually
Speaker 2: was less than two percent below last year. But the
Speaker 2: kicker is its profits were down fifteen percent for the
Speaker 2: quarter compared to the same time last year.
Speaker 3: The main reason you're asking, well, the price of oil
Speaker 3: has dropped big time in the past twelve months.
Speaker 2: And be Man being the biggest in the world, Saudi
Speaker 2: Aramco is a bellweather for the global oil industry.
Speaker 1: So what is the key learning here?
Speaker 2: Bell weather stocks are the stocks that are normally used
Speaker 2: to gauge the general performance of an industry or a
Speaker 2: market or the overall.
Speaker 3: Economy, and when they do well, it's often assigned that
Speaker 3: all are thriving.
Speaker 2: And when they don't do well, it's often a pretty
Speaker 2: good indicator that the industry is struggling.
Speaker 3: And just what Saudi Ramco produces around one in every
Speaker 3: eight barrels of global crude oil if you do not mind.
Speaker 2: So it's fair to say that Saudi Ramcoast performance is
Speaker 2: a pretty good indicator into the rest of the market.
Speaker 3: And some of the biggest companies are also bell weathers
Speaker 3: in their own industries, like Alphabet and the tech industry,
Speaker 3: or companies like Finex in the US or Australia post
Speaker 3: They can often be used as bell weathers for consumer demand.
Speaker 2: But be Man, given the drop in oil prices this
Speaker 2: year and Saudi Ramcoast profit it's no surprise that it
Speaker 2: shares it down more than fifteen percent this year alone.
Speaker 3: For our third and final story, Cooper's Brewery, the Australian
Speaker 3: owned brewery has seen its profit jump following a pretty
Speaker 3: unique alcohol offering who.
Speaker 2: Uzzi Drinkers with title oilet's getting kind of creative here,
Speaker 2: so tell me what is go so.
Speaker 3: Cooper's Beer has been around since eighteen sixty two and
Speaker 3: is still majority owned by the original Cooper's family man.
Speaker 2: It currently has around five percent of the national beer
Speaker 2: market with It's paleol and It's sparkling our beers.
Speaker 3: But over the past few years it's struggled to compete
Speaker 3: against the likes of Asahi and Lyon.
Speaker 2: Those are the big brands that own beers like Carlton
Speaker 2: Draft and twoe'es in four x gold and many many
Speaker 2: more beer brands.
Speaker 3: The boy Cooper's has bounced back this year with a
Speaker 3: nearly six percent jump in profit to twenty three million bucks,
Speaker 3: and it's all.
Speaker 2: Thanks to a little secret weapon of theirs, the home
Speaker 2: brewing beer kit Boy.
Speaker 3: As ozzies are feeling more financially stressed, they're turning to
Speaker 3: home brewing as value for money.
Speaker 2: I must say, Mann, I've tried it once before and
Speaker 2: it didn't quite work out the way I plan.
Speaker 3: And Joe Boy, Cooper's actually owns ninety percent of the
Speaker 3: home brewing kit market here in Australia.
Speaker 2: And the market has grown rapidly since the cost of
Speaker 2: living challenges that we're all facing.
Speaker 1: Intrigued to see where you go here, Josie Boy, So
Speaker 1: what is the key learning?
Speaker 2: Understanding consumer behavior trends is vital for any business, especially
Speaker 2: in the alcoholic beverage industry.
Speaker 3: Beer brands are facing some pretty major challenges right now.
Speaker 1: Yeah.
Speaker 2: Well, first, there's the cultural shifts that are having a
Speaker 2: major influence on how and when people are consuming alcohol.
Speaker 3: For example, Cooper's found that since more people work from
Speaker 3: home after work drinks they're not as popular.
Speaker 2: And then we've also got things like the tough economic conditions.
Speaker 3: Yep, alcohol consumption is becoming pretty expensive with price rises
Speaker 3: every year.
Speaker 2: But be man. With home brewing kits, Coopers is actually
Speaker 2: showing us that it's possible to refigorate a product despite
Speaker 2: the challenges in the industry.
Speaker 3: Tell you what, Jaesibay, what I'd really love is a
Speaker 3: home financial education kit.
Speaker 1: You got one for me?
Speaker 2: I do. It's all actually in the Flux App. We're
Speaker 2: talking budgeting, we're talking credit's call, and a heap of
Speaker 2: juicy content to help you win at money every single.
Speaker 1: Day you download the Flux App.
Speaker 2: Thanks for listening, and we'll see you on Wednesday.