1
00:00:05,160 --> 00:00:06,560
Speaker 1: This is what the flux.

2
00:00:06,640 --> 00:00:09,760
Speaker 2: I'm bred justin and at Monday, the seventeenth of November,

3
00:00:09,880 --> 00:00:12,400
Speaker 2: holiday homeowners, your sandy toes are unnoticed.

4
00:00:12,400 --> 00:00:15,280
Speaker 1: According to the ATO. The ATO has worn that holiday

5
00:00:15,280 --> 00:00:18,560
Speaker 1: homeowners may be denied taxted actions if the property is

6
00:00:18,560 --> 00:00:21,439
Speaker 1: considered to be mainly for personal use. The main test

7
00:00:21,480 --> 00:00:23,920
Speaker 1: here is is it available to be rented out on

8
00:00:24,040 --> 00:00:27,440
Speaker 1: Easter or Charristmas? If those dates are mysteriously blocked out

9
00:00:27,440 --> 00:00:29,320
Speaker 1: every year, you might be in a bit of stripe.

10
00:00:29,440 --> 00:00:31,680
Speaker 2: The ahto is coming. Uh huh fox amm did you

11
00:00:31,680 --> 00:00:34,600
Speaker 2: know the average Australian splurges of forty four dollars a

12
00:00:34,720 --> 00:00:38,080
Speaker 2: week on impulse purchases and it's even worse during those

13
00:00:38,120 --> 00:00:40,800
Speaker 2: black Friday times like now. So if you want some

14
00:00:40,880 --> 00:00:43,360
Speaker 2: tips on how to say goodbye to impulse spending, we

15
00:00:43,440 --> 00:00:45,559
Speaker 2: have it all covered in the Flex app with six

16
00:00:45,600 --> 00:00:48,800
Speaker 2: simple tips that will help you reduce those impulse purchases.

17
00:00:48,920 --> 00:00:50,840
Speaker 2: Make sure to download the Flex app to check it out.

18
00:00:50,840 --> 00:00:54,120
Speaker 1: Three fabulous stories today Juzzy Boy, Let's do it for

19
00:00:54,160 --> 00:00:57,080
Speaker 1: our first zero has seen It's half your profit jump

20
00:00:57,120 --> 00:00:59,840
Speaker 1: forty two percent, but it shares still drop nine percent

21
00:00:59,840 --> 00:01:03,440
Speaker 1: on this news. As investors worry about its big US push.

22
00:01:03,520 --> 00:01:05,440
Speaker 2: Forty two percent wasn't good enough for them? B Man,

23
00:01:05,600 --> 00:01:08,240
Speaker 2: someone checked the calculator batteries. Tell me more, all right?

24
00:01:08,240 --> 00:01:10,440
Speaker 1: So Zero is the cloud accounting software born in New

25
00:01:10,520 --> 00:01:12,360
Speaker 1: Zealand in two thousand and six.

26
00:01:12,200 --> 00:01:14,600
Speaker 2: And as you know, Zero went full cloud at a

27
00:01:14,640 --> 00:01:17,240
Speaker 2: time when its competitors were still selling cd ROMs.

28
00:01:17,280 --> 00:01:19,440
Speaker 1: In fact, Zero is now used by more than four

29
00:01:19,520 --> 00:01:21,479
Speaker 1: million small business owners worldwide.

30
00:01:21,520 --> 00:01:24,400
Speaker 2: And now Zero's announced they're half yearsults, with their after

31
00:01:24,560 --> 00:01:27,080
Speaker 2: tax profit up forty two percent to one hundred and

32
00:01:27,120 --> 00:01:28,559
Speaker 2: thirty five million New Zealand dollars.

33
00:01:28,680 --> 00:01:30,560
Speaker 1: Throw on top of that, its half yearly revenue was

34
00:01:30,600 --> 00:01:33,320
Speaker 1: up twenty percent to one point two billion New Zealand dollars.

35
00:01:33,080 --> 00:01:35,559
Speaker 2: But its share price still got hit with a nine

36
00:01:35,600 --> 00:01:36,280
Speaker 2: percent fall.

37
00:01:36,319 --> 00:01:38,479
Speaker 1: How does that work? Isn't accounting meant to be all

38
00:01:38,520 --> 00:01:40,320
Speaker 1: neat rows and tidy formulas?

39
00:01:40,440 --> 00:01:44,120
Speaker 2: Wellb Man. Investors are pretty nervous about Zero's seven hundred

40
00:01:44,160 --> 00:01:47,240
Speaker 2: million New Zealand dollar purchase of Millio, a six year

41
00:01:47,319 --> 00:01:50,320
Speaker 2: old US payment startup that is still unprofitable.

42
00:01:50,360 --> 00:01:52,840
Speaker 1: Throw on top of that, Zero's North American revenue also

43
00:01:52,920 --> 00:01:54,880
Speaker 1: missed forecast by over twenty percent.

44
00:01:55,000 --> 00:01:57,080
Speaker 2: But be Man. It seems like with this big acquisition,

45
00:01:57,280 --> 00:02:00,000
Speaker 2: Zero is throwing the kitchen sink and the office calculate

46
00:02:00,400 --> 00:02:02,360
Speaker 2: at making its US business work.

47
00:02:02,440 --> 00:02:03,760
Speaker 1: So what is the key learning here?

48
00:02:03,840 --> 00:02:08,000
Speaker 2: Big markets come with big opportunities, but also big expectations.

49
00:02:08,200 --> 00:02:10,720
Speaker 1: For Zero, the US is the biggest price they've got.

50
00:02:10,560 --> 00:02:14,079
Speaker 2: Which means every data point from that region carries extra weight.

51
00:02:14,280 --> 00:02:17,760
Speaker 1: So when North American half year revenue comes in twenty

52
00:02:17,760 --> 00:02:21,000
Speaker 1: million New Zealand dollars below expectations, it raises some concern

53
00:02:21,040 --> 00:02:21,679
Speaker 1: for investors.

54
00:02:21,760 --> 00:02:23,880
Speaker 2: Yeah, it hints that the path to scale in the

55
00:02:23,960 --> 00:02:26,560
Speaker 2: US may be slower all more expensive than hoped.

56
00:02:26,639 --> 00:02:30,160
Speaker 1: And jesyboy Milio is still burning cash, which means it's

57
00:02:30,320 --> 00:02:32,840
Speaker 1: like that it hit Zero's famously juicy margins for a while.

58
00:02:32,880 --> 00:02:35,679
Speaker 2: So b Man, Zero investors want reassurance that it's US

59
00:02:35,760 --> 00:02:37,480
Speaker 2: momentum is building.

60
00:02:37,160 --> 00:02:39,639
Speaker 1: Quarter by quarter and not just becoming a drag on

61
00:02:39,680 --> 00:02:43,480
Speaker 1: the overall business. For our second story, Google has released

62
00:02:43,520 --> 00:02:45,960
Speaker 1: a huge batch of new AI shopping tools that are

63
00:02:46,040 --> 00:02:49,800
Speaker 1: planning to make online browsing experiences a little bit easier.

64
00:02:49,960 --> 00:02:53,400
Speaker 1: Nothing says the thoughtful Christmas presence like outsourcing your present

65
00:02:53,480 --> 00:02:55,600
Speaker 1: shopping to a robot tell me more.

66
00:02:55,680 --> 00:02:58,440
Speaker 2: Okay, So Google is obviously this search and adds giant

67
00:02:58,480 --> 00:02:59,960
Speaker 2: that basically powers half the Internet.

68
00:03:00,200 --> 00:03:04,520
Speaker 1: We'd be talking Google Search, Maps, Calendar, Gmail Translate, and

69
00:03:04,960 --> 00:03:07,840
Speaker 1: YouTube and Android, and don't forget Google Shopping.

70
00:03:07,919 --> 00:03:10,640
Speaker 2: In fact, they man Google shopping graph holds over fifty

71
00:03:10,680 --> 00:03:13,840
Speaker 2: billion product listings and updates two billion of them every

72
00:03:13,880 --> 00:03:14,480
Speaker 2: single hour.

73
00:03:14,639 --> 00:03:17,000
Speaker 1: Now Google has rolled out a series of new AI

74
00:03:17,120 --> 00:03:19,720
Speaker 1: powered shopping features. Google is leaning into what we like

75
00:03:19,760 --> 00:03:22,480
Speaker 1: to call a gentic AI that can actually do things

76
00:03:22,560 --> 00:03:24,240
Speaker 1: including buying stuff for you.

77
00:03:24,280 --> 00:03:27,080
Speaker 2: For example, be Man, The features let you track prices

78
00:03:27,080 --> 00:03:29,440
Speaker 2: of products and then auto buys the product once it's

79
00:03:29,480 --> 00:03:30,959
Speaker 2: in your price range and JH Boyd.

80
00:03:30,960 --> 00:03:33,120
Speaker 1: They've also rolled out an aiphone call feature.

81
00:03:33,200 --> 00:03:35,920
Speaker 2: Yeah, it'll literally wrenk your local store and ask about

82
00:03:35,960 --> 00:03:38,280
Speaker 2: the stock, the prices, the promos.

83
00:03:37,960 --> 00:03:41,400
Speaker 1: And no surprises here. Google is adding sponsored listings to

84
00:03:41,480 --> 00:03:42,720
Speaker 1: its AI mode as well.

85
00:03:43,160 --> 00:03:45,400
Speaker 2: Even Santa has to make some money somehow, be Man.

86
00:03:45,640 --> 00:03:48,240
Speaker 1: But overall, Google is hoping that this AI mode will

87
00:03:48,240 --> 00:03:50,120
Speaker 1: shift the whole online shopping experience.

88
00:03:50,640 --> 00:03:52,000
Speaker 2: So what is the key learning here?

89
00:03:52,120 --> 00:03:55,160
Speaker 1: Shopping has shifted with every major technology wave, and now

90
00:03:55,200 --> 00:03:57,480
Speaker 1: AI is set to redefine it all over again.

91
00:03:57,600 --> 00:04:00,000
Speaker 2: You see, shopping in the twentieth and twenty first centuries

92
00:04:00,000 --> 00:04:01,880
Speaker 2: has gone through some major changes.

93
00:04:01,960 --> 00:04:05,520
Speaker 1: There was, and still is, the physical stores to purchase goods.

94
00:04:05,240 --> 00:04:07,920
Speaker 2: The touch, the smell, the impulse purchases you swear you

95
00:04:07,960 --> 00:04:08,600
Speaker 2: need it yep.

96
00:04:08,600 --> 00:04:11,160
Speaker 1: Then the online marketplaces began to grow rapidly and say

97
00:04:11,200 --> 00:04:13,680
Speaker 1: the late nineties and early two thousands during an e

98
00:04:13,720 --> 00:04:14,840
Speaker 1: commerce boom.

99
00:04:14,880 --> 00:04:18,000
Speaker 2: And now Google wants agentic shopping to become the future

100
00:04:18,000 --> 00:04:19,160
Speaker 2: of shopping online.

101
00:04:18,839 --> 00:04:22,000
Speaker 1: And juz boy. The global agentic ao market is projected

102
00:04:22,000 --> 00:04:23,839
Speaker 1: to grow rapidly over the next seven years.

103
00:04:23,839 --> 00:04:26,360
Speaker 2: In fact, it's currently at around seven billion US dollars

104
00:04:26,400 --> 00:04:28,359
Speaker 2: in twenty twenty five, but it's expected to get to

105
00:04:28,480 --> 00:04:31,080
Speaker 2: ninety three billion US dollars by twenty thirty two.

106
00:04:31,160 --> 00:04:33,080
Speaker 1: We're talking a compound and your growth rate of forty

107
00:04:33,080 --> 00:04:35,560
Speaker 1: four percent according to Markets and Markets Research.

108
00:04:35,600 --> 00:04:38,240
Speaker 2: And the man with Christmas shopping coming up, Google wants

109
00:04:38,240 --> 00:04:41,040
Speaker 2: its AI tools front end center right.

110
00:04:40,960 --> 00:04:42,120
Speaker 1: When consumers are buying.

111
00:04:42,160 --> 00:04:45,880
Speaker 2: Most For our third and final story, Visa has launched

112
00:04:45,880 --> 00:04:49,560
Speaker 2: a pilot program that allows businesses to pay using stable

113
00:04:49,640 --> 00:04:51,480
Speaker 2: coins directly into digital worlds.

114
00:04:51,720 --> 00:04:55,520
Speaker 1: Crypto making another comeback after another comeback, what's going on here?

115
00:04:55,520 --> 00:04:58,719
Speaker 2: We'll man Visa is the og payments company turning plastic

116
00:04:58,760 --> 00:05:01,719
Speaker 2: rectangles into global purchases since nineteen fifty eight.

117
00:05:01,800 --> 00:05:04,560
Speaker 1: That's right, Visa connect consumers and banks and businesses and

118
00:05:04,560 --> 00:05:07,080
Speaker 1: governments so people can pay for things electronically.

119
00:05:07,200 --> 00:05:09,839
Speaker 2: And Visa is in over two hundred countries and is

120
00:05:09,839 --> 00:05:13,160
Speaker 2: the sixteenth largest company by market cap in the world.

121
00:05:13,279 --> 00:05:15,640
Speaker 1: And now Visa has launched a new pilot program called

122
00:05:15,720 --> 00:05:16,520
Speaker 1: Visa Direct.

123
00:05:16,680 --> 00:05:19,880
Speaker 2: Basically, instead of using bank accounts, this Visa Direct program

124
00:05:19,920 --> 00:05:23,080
Speaker 2: allows businesses to pay directly to people using a US

125
00:05:23,240 --> 00:05:24,960
Speaker 2: dollar back to stable coin.

126
00:05:24,920 --> 00:05:27,680
Speaker 1: Which means gig workers and creators could get paid with

127
00:05:27,760 --> 00:05:30,040
Speaker 1: stable coins instead of traditional payment types.

128
00:05:29,839 --> 00:05:32,760
Speaker 2: And they man. The program's currently restricted to select partners,

129
00:05:32,800 --> 00:05:35,080
Speaker 2: but it will be expanded in twenty twenty six.

130
00:05:35,200 --> 00:05:36,440
Speaker 1: So what is the key learning here?

131
00:05:36,520 --> 00:05:39,599
Speaker 2: Stable Coins are a digital currency that's designed to hold

132
00:05:39,640 --> 00:05:42,359
Speaker 2: a steady value because they're pegged to a real currency

133
00:05:42,480 --> 00:05:43,200
Speaker 2: like the US dollar.

134
00:05:43,279 --> 00:05:46,160
Speaker 1: While cryptos like Bitcoin or etheroeum are more popular, they're

135
00:05:46,200 --> 00:05:47,479
Speaker 1: also way more volatile.

136
00:05:47,760 --> 00:05:50,000
Speaker 2: So the consistent pricing of stable coins makes them a

137
00:05:50,080 --> 00:05:53,520
Speaker 2: bit more practical for everyday transactions because the price doesn't

138
00:05:53,600 --> 00:05:56,440
Speaker 2: change each and every second looking at you Bitcoin.

139
00:05:56,120 --> 00:05:58,040
Speaker 1: And Jazzy Boy. Stable coins can offer a pretty good

140
00:05:58,080 --> 00:06:00,600
Speaker 1: way for people to store value in countries suffer from

141
00:06:00,600 --> 00:06:03,760
Speaker 1: a little bit of currency volatility or a poor banking infrastructure,

142
00:06:03,800 --> 00:06:06,080
Speaker 1: and Visa stepping in is a pretty big deal.

143
00:06:06,240 --> 00:06:08,800
Speaker 2: Yeah, lots of companies talk about crypto payments, but only

144
00:06:08,880 --> 00:06:11,480
Speaker 2: a few actually move money at visas scale.

145
00:06:11,520 --> 00:06:15,679
Speaker 1: In fact, Visa processes about four hundred million transactions per day.

146
00:06:15,560 --> 00:06:18,359
Speaker 2: So if anyone can nudge stable coins into the mainstream,

147
00:06:18,440 --> 00:06:20,960
Speaker 2: it's definitely Visa. Yeah, Fox am, if you've been caught

148
00:06:21,000 --> 00:06:24,240
Speaker 2: impulse spending during this Black Friday period, buying many things

149
00:06:24,240 --> 00:06:26,000
Speaker 2: that you can justify now but maybe not in a

150
00:06:26,040 --> 00:06:27,919
Speaker 2: couple of weeks time, we have one of the great

151
00:06:28,000 --> 00:06:30,280
Speaker 2: articles in the Flux app around how to say goodbye

152
00:06:30,400 --> 00:06:32,920
Speaker 2: to impulse spending six simple tips, So if you want

153
00:06:32,920 --> 00:06:34,560
Speaker 2: to learn more, make sure to download the Flex app

154
00:06:34,600 --> 00:06:35,880
Speaker 2: and check out our latest article.

155
00:06:35,920 --> 00:06:38,400
Speaker 1: Thanks for listening and we'll see you on Wednesday.