1 00:00:05,200 --> 00:00:07,720 Speaker 1: This is what the Flux. I'm Brett and I'm justin 2 00:00:07,840 --> 00:00:09,640 Speaker 1: and it's Friday, the eighteenth of October. 3 00:00:09,800 --> 00:00:12,920 Speaker 2: Super exciting to be here in our new studio at 4 00:00:12,960 --> 00:00:15,760 Speaker 2: net Wealth HQ. Really fancy stuff around here. 5 00:00:15,720 --> 00:00:16,520 Speaker 1: I'll like it. Now. 6 00:00:16,600 --> 00:00:20,080 Speaker 2: Get this. The Australian economy just keeps on keeping on. 7 00:00:20,120 --> 00:00:23,320 Speaker 2: More than sixty four thousand people found jobs in September, 8 00:00:23,320 --> 00:00:27,120 Speaker 2: according to the Australian Bureau of Statistics, and now, Juzzy boy, 9 00:00:27,200 --> 00:00:31,160 Speaker 2: Australian employment growth just hit a sixteen month Hi, man, 10 00:00:31,240 --> 00:00:31,640 Speaker 2: is there. 11 00:00:31,520 --> 00:00:34,240 Speaker 1: Any better feeling than walking into the weekend with fifty 12 00:00:34,280 --> 00:00:35,920 Speaker 1: snackeroonis in your pockets? 13 00:00:36,000 --> 00:00:36,600 Speaker 2: I'm not sure. 14 00:00:36,720 --> 00:00:38,760 Speaker 1: Every week we give a fifty bucks for the first 15 00:00:38,760 --> 00:00:41,600 Speaker 1: person to answer three business questions correctly in our weekly 16 00:00:41,640 --> 00:00:43,800 Speaker 1: game at quick Sticks. So we make sure to download 17 00:00:43,800 --> 00:00:46,320 Speaker 1: the Flux app and turn your notifications on three. 18 00:00:46,600 --> 00:00:49,600 Speaker 2: Splendid stories today, juzzy boy, let's do it for our 19 00:00:49,680 --> 00:00:52,839 Speaker 2: first combank has been whacked with a seven point five 20 00:00:53,000 --> 00:00:55,760 Speaker 2: million dollar fine for sending more than one hundred and 21 00:00:55,760 --> 00:00:59,280 Speaker 2: seventy million emails to customers that did not include the 22 00:00:59,280 --> 00:01:01,160 Speaker 2: option to unsubscribed. 23 00:01:01,200 --> 00:01:03,480 Speaker 1: Is there anything worse than a spam emails? That you 24 00:01:03,600 --> 00:01:06,479 Speaker 1: don't want and can't unsubscribe to, maybe only a reply 25 00:01:06,640 --> 00:01:08,880 Speaker 1: all email percent by accidents to the whole office. So 26 00:01:08,959 --> 00:01:09,840 Speaker 1: tell me what's going on here? 27 00:01:09,880 --> 00:01:12,240 Speaker 2: So Juseway will often speak about Commonwealth Bank of Australia 28 00:01:12,280 --> 00:01:14,560 Speaker 2: aka Combank aka big e Yellow. 29 00:01:14,640 --> 00:01:16,880 Speaker 1: Yeah. They're the biggest bank in Australia with over seventeen 30 00:01:17,120 --> 00:01:18,479 Speaker 1: million customers. 31 00:01:18,040 --> 00:01:20,400 Speaker 2: And their share price has been bonkers this year as well, 32 00:01:20,480 --> 00:01:23,640 Speaker 2: up twenty five percent, which is large for a monstrous 33 00:01:23,640 --> 00:01:24,480 Speaker 2: business like Combank. 34 00:01:24,520 --> 00:01:27,480 Speaker 1: That the man with all growing businesses comes growing pains, 35 00:01:27,520 --> 00:01:29,640 Speaker 1: and Combank has had a fair few recently. 36 00:01:29,959 --> 00:01:32,440 Speaker 2: In May twenty twenty three, Combank paid a three point 37 00:01:32,480 --> 00:01:35,120 Speaker 2: five to five million dollar fine for sending sixty five 38 00:01:35,160 --> 00:01:38,920 Speaker 2: million emails without a working unsubscribe option in the email. 39 00:01:39,000 --> 00:01:40,720 Speaker 1: That was bad and they've learned. 40 00:01:40,600 --> 00:01:44,000 Speaker 2: Their lesson right, Well not quite, jusy boy, because Combank 41 00:01:44,040 --> 00:01:46,679 Speaker 2: has breached the spam rules once again for the second 42 00:01:46,680 --> 00:01:48,320 Speaker 2: time in less than eighteen months. 43 00:01:48,320 --> 00:01:50,040 Speaker 1: This time is sent more than one hundred and seventy 44 00:01:50,040 --> 00:01:54,120 Speaker 1: eight million emails to customers without the necessary option to unsubscribe, and. 45 00:01:54,120 --> 00:01:56,240 Speaker 2: As a result it has copped a seven point five 46 00:01:56,400 --> 00:01:59,640 Speaker 2: million dollar fine for its laxness. So I'm wondering over 47 00:01:59,640 --> 00:02:01,360 Speaker 2: here is the key learning here? 48 00:02:01,440 --> 00:02:03,920 Speaker 1: The cost of sending emails and texts can be pretty cheap, 49 00:02:04,000 --> 00:02:06,760 Speaker 1: but the cost of breaching laws is becoming very costly 50 00:02:06,840 --> 00:02:07,920 Speaker 1: for a company's reputation. 51 00:02:08,400 --> 00:02:11,120 Speaker 2: Companies with very large databases can send out emails for 52 00:02:11,200 --> 00:02:12,760 Speaker 2: free at the click of a button. 53 00:02:12,760 --> 00:02:15,560 Speaker 1: But in Australia we've now got pretty strict laws around 54 00:02:15,600 --> 00:02:17,760 Speaker 1: spammy emails under the Spam app. 55 00:02:17,600 --> 00:02:19,880 Speaker 2: Including the fact that customers need to be able to 56 00:02:19,919 --> 00:02:22,280 Speaker 2: unsubscribe from marketing emails and be man. 57 00:02:22,160 --> 00:02:25,000 Speaker 1: Because of the ease of sending these emails, AKMA, Australia's 58 00:02:25,000 --> 00:02:28,560 Speaker 1: Communications and Media Authority, has been actively cracking down on 59 00:02:28,600 --> 00:02:30,240 Speaker 1: the practice over the past eighteen months. 60 00:02:30,280 --> 00:02:32,840 Speaker 2: Get this. AKIME is issued more than fifteen million dollars 61 00:02:32,840 --> 00:02:35,600 Speaker 2: in spam and telemarketing penalties in that period of time. 62 00:02:35,639 --> 00:02:38,920 Speaker 1: We're talking companies like Ticke, tech opsm Kmart, DoorDash and 63 00:02:38,960 --> 00:02:40,360 Speaker 1: of course Combank previously. 64 00:02:40,480 --> 00:02:43,440 Speaker 2: So hopefully Big Yellow has learned its lesson this time, 65 00:02:43,560 --> 00:02:46,480 Speaker 2: or otherwise the fine might be even juicier. 66 00:02:46,960 --> 00:02:49,120 Speaker 1: B Man. Before we jump into our second story, we 67 00:02:49,160 --> 00:02:51,720 Speaker 1: are very excited to be having a quick fireside chat 68 00:02:51,760 --> 00:02:55,160 Speaker 1: with Brendan Malone the Sea. Your rais Australia's number one 69 00:02:55,360 --> 00:02:57,639 Speaker 1: micro investment app. Brendan, welcome, thanks justin. 70 00:02:57,680 --> 00:02:58,520 Speaker 3: Great to be Brent. 71 00:02:58,560 --> 00:03:00,799 Speaker 2: How are you very well Brendan. Awesome to have you here. 72 00:03:00,840 --> 00:03:02,720 Speaker 1: And Brendan apparently been a big listener of the pod 73 00:03:02,720 --> 00:03:03,280 Speaker 1: for a long time. 74 00:03:03,480 --> 00:03:05,520 Speaker 3: I love it. I love the small It's a bit 75 00:03:05,600 --> 00:03:07,720 Speaker 3: like a small amount over time that up and you 76 00:03:07,720 --> 00:03:08,359 Speaker 3: can learn something. 77 00:03:08,480 --> 00:03:10,239 Speaker 1: Love that, Brendan. We've seen over the last couple of 78 00:03:10,280 --> 00:03:13,280 Speaker 1: years huge numbers of Australians getting into Etfs've got a 79 00:03:13,280 --> 00:03:15,639 Speaker 1: fun stat for you, the ETF market group on more 80 00:03:15,639 --> 00:03:18,080 Speaker 1: than thirty seven percent over the past year. So would 81 00:03:18,120 --> 00:03:20,120 Speaker 1: love you to give us a quick overview of ETFs 82 00:03:20,200 --> 00:03:22,800 Speaker 1: and also just why the market is growing so much. 83 00:03:23,080 --> 00:03:26,120 Speaker 3: I think the easiest way to explain it and boils 84 00:03:26,160 --> 00:03:29,160 Speaker 3: on from Newcastle. So I explain things as best I 85 00:03:29,200 --> 00:03:32,760 Speaker 3: can because I I can't expect our customers to understand it. 86 00:03:32,840 --> 00:03:35,320 Speaker 3: So it's all about diversification the D word. The way 87 00:03:35,360 --> 00:03:37,160 Speaker 3: I explained it to people, think of the shipping container, 88 00:03:37,280 --> 00:03:39,600 Speaker 3: open up the doors, throwing a couple of companies, lock 89 00:03:39,640 --> 00:03:41,440 Speaker 3: it up and there you go. So you're not getting 90 00:03:41,480 --> 00:03:44,120 Speaker 3: exposure to one you're getting exposure to in the industry, 91 00:03:44,120 --> 00:03:46,480 Speaker 3: we'll call it a basket of different companies. And that's 92 00:03:46,520 --> 00:03:49,560 Speaker 3: why there's been very popular over recent years because it 93 00:03:49,640 --> 00:03:52,800 Speaker 3: creates that diversification and it usually follows an index. It 94 00:03:52,800 --> 00:03:54,720 Speaker 3: could be the S and P, it could be the 95 00:03:54,800 --> 00:03:57,080 Speaker 3: NAS deck, it could be Emerging markets over here, or 96 00:03:57,120 --> 00:03:59,960 Speaker 3: the FANGS or the or cybersecurity and tech and Brenda. 97 00:04:00,000 --> 00:04:02,760 Speaker 2: And let's talk a little bit about micro investing, which 98 00:04:02,800 --> 00:04:05,880 Speaker 2: is a little different to direct investing in shares. How 99 00:04:05,880 --> 00:04:07,600 Speaker 2: do you define what micro investing is? 100 00:04:07,760 --> 00:04:10,520 Speaker 3: The important part there is that micro investing is that 101 00:04:10,560 --> 00:04:13,160 Speaker 3: you're fully invested for your five dollars. We can sit 102 00:04:13,200 --> 00:04:15,440 Speaker 3: there and you know, Jazzi will say, hey, I want 103 00:04:15,440 --> 00:04:17,479 Speaker 3: a CBA stock or can't afford a whole one at 104 00:04:17,480 --> 00:04:19,960 Speaker 3: one hundred and forty odd dollars, but you could put 105 00:04:20,000 --> 00:04:22,839 Speaker 3: ten dollars into CBA, So he gets that fractional portion 106 00:04:23,120 --> 00:04:25,160 Speaker 3: whatever the ten dollars is the percentage of he gets 107 00:04:25,160 --> 00:04:27,479 Speaker 3: that ownership of those units. So it gives a lot 108 00:04:27,480 --> 00:04:31,760 Speaker 3: of Australians or micro investing at that fractionalization level creates 109 00:04:31,880 --> 00:04:34,279 Speaker 3: everybody to get a flavor of or get the hands 110 00:04:34,279 --> 00:04:37,760 Speaker 3: into something like an expensive stop CBA or Macora's B too. 111 00:04:37,800 --> 00:04:40,200 Speaker 1: I've actually been very happy with my raise account. I've 112 00:04:40,200 --> 00:04:42,760 Speaker 1: been tracking with the Aggressive portfolio. The reason I liked 113 00:04:42,800 --> 00:04:45,240 Speaker 1: it because they had asex in it had EUROPTF SMP 114 00:04:45,440 --> 00:04:47,600 Speaker 1: five hundred grown to a few grand just from like 115 00:04:47,640 --> 00:04:49,600 Speaker 1: the roundups, which I'm pretty happy about. I know that's 116 00:04:49,600 --> 00:04:51,760 Speaker 1: not the only option. There's quite a few different investment 117 00:04:51,800 --> 00:04:52,600 Speaker 1: options available. 118 00:04:52,800 --> 00:04:55,279 Speaker 3: Look, while Jazzy the Aggressive love it, what we're trying 119 00:04:55,279 --> 00:04:56,960 Speaker 3: to do is break down the various investing. So we've 120 00:04:56,960 --> 00:04:58,960 Speaker 3: got a conservative to an aggressive and when you look 121 00:04:59,000 --> 00:05:01,800 Speaker 3: at that, it's just a and it's the diversification or 122 00:05:01,839 --> 00:05:05,239 Speaker 3: the exposure to what I call classes, whether it's bonds 123 00:05:05,560 --> 00:05:08,240 Speaker 3: or cash on the left hand side of the conservative 124 00:05:08,320 --> 00:05:09,479 Speaker 3: up to aggressive. 125 00:05:09,200 --> 00:05:11,799 Speaker 1: And as there been a standout portfolio over the last 126 00:05:11,839 --> 00:05:13,280 Speaker 1: twelve twenty four months, the. 127 00:05:13,240 --> 00:05:16,440 Speaker 3: Most popular things like the Aggressive, but also our social 128 00:05:16,480 --> 00:05:19,279 Speaker 3: responsible Emerald portfolio on you know, just as a little tidbit. 129 00:05:19,360 --> 00:05:21,240 Speaker 3: Super Ratings for the second year in a row has 130 00:05:21,320 --> 00:05:24,360 Speaker 3: rated the Emerald portfolio the number one performing net of 131 00:05:24,400 --> 00:05:26,880 Speaker 3: fees second financial year in a row. 132 00:05:26,760 --> 00:05:29,159 Speaker 1: And Brendan I kind of touched on it briefly. But 133 00:05:29,560 --> 00:05:30,919 Speaker 1: the thing that I love is like I buy a 134 00:05:30,920 --> 00:05:33,839 Speaker 1: coffee for four dollars, sixty rounds up the extra forty 135 00:05:33,839 --> 00:05:36,240 Speaker 1: cents to five bucks, so then forty cents goes into 136 00:05:36,279 --> 00:05:38,120 Speaker 1: my raise account. But how does that work for people? 137 00:05:38,320 --> 00:05:40,200 Speaker 1: And how have you seen that working successfully? 138 00:05:40,400 --> 00:05:43,320 Speaker 3: Don't tell them they can't spend, because everybody's going to spend. 139 00:05:43,320 --> 00:05:46,240 Speaker 3: What roundups does goes. I hope my wife's not listening. 140 00:05:46,320 --> 00:05:48,760 Speaker 3: She's got a bad habit of spending. But with the 141 00:05:48,839 --> 00:05:51,440 Speaker 3: round up feature, she's spending and saving at the same time. 142 00:05:51,560 --> 00:05:53,400 Speaker 3: Or she tells me that she's saving money because she 143 00:05:53,440 --> 00:05:55,599 Speaker 3: brought it through Razuewards, or she gets the round up. 144 00:05:55,760 --> 00:05:57,720 Speaker 1: Brendan, great to have you on the pod and if 145 00:05:57,760 --> 00:05:59,880 Speaker 1: b man it leaves again, then hopefully we can get 146 00:05:59,880 --> 00:06:00,520 Speaker 1: you to replace it. 147 00:06:00,640 --> 00:06:02,080 Speaker 2: Yes, sub Brendan inform. 148 00:06:01,920 --> 00:06:05,080 Speaker 3: Yeah, absolutely, Hey juzzy mate, what's the killing. 149 00:06:08,120 --> 00:06:12,159 Speaker 1: For our second story? Boeing, the aeroplane manufacturer, is looking 150 00:06:12,200 --> 00:06:15,320 Speaker 1: to raise twenty five billion US dollars to stabilize its 151 00:06:15,400 --> 00:06:18,839 Speaker 1: finances After a staff strike and issues with its operations. 152 00:06:18,920 --> 00:06:22,720 Speaker 2: Boeing has officially hit turbulence. Where's the latest on their 153 00:06:22,760 --> 00:06:23,400 Speaker 2: flight plan? 154 00:06:23,560 --> 00:06:26,240 Speaker 1: Good question? We'll be a bit of background. Bows founded 155 00:06:26,279 --> 00:06:27,800 Speaker 1: back in nineteen sixteen. 156 00:06:27,880 --> 00:06:30,280 Speaker 2: Now, since then they've become one of the largest aerospace 157 00:06:30,320 --> 00:06:32,680 Speaker 2: manufacturers in the solar system. 158 00:06:32,720 --> 00:06:35,680 Speaker 1: We're talking more than ten thousand Boeing built commercial jet 159 00:06:35,720 --> 00:06:38,159 Speaker 1: liners in service worldwide. 160 00:06:37,600 --> 00:06:40,320 Speaker 2: Otherwise known as almost half the world fleet, and. 161 00:06:40,360 --> 00:06:42,599 Speaker 1: They're more than six thousand on order right now. 162 00:06:42,640 --> 00:06:44,880 Speaker 2: But now, Juzy boy, Boeing is looking to raise as 163 00:06:44,960 --> 00:06:47,200 Speaker 2: much as twenty five billion dollars through a mix of 164 00:06:47,279 --> 00:06:48,279 Speaker 2: shares and bond. 165 00:06:48,320 --> 00:06:50,240 Speaker 1: And what's the reason for this wop and raise. 166 00:06:50,440 --> 00:06:53,440 Speaker 2: Well, Boeing has been struggling to navigate through some pretty 167 00:06:53,480 --> 00:06:54,240 Speaker 2: stormy weather. 168 00:06:54,320 --> 00:06:56,560 Speaker 1: Yeah, we're talking a strike that has stopped production of 169 00:06:56,600 --> 00:06:57,480 Speaker 1: its planes. 170 00:06:57,240 --> 00:06:59,640 Speaker 2: Yep, as well as enormous delays in the delivery of 171 00:06:59,640 --> 00:07:00,360 Speaker 2: planes as well. 172 00:07:00,440 --> 00:07:02,680 Speaker 1: Yet this some of Boeing's Triple sevens were promised to 173 00:07:02,680 --> 00:07:05,239 Speaker 1: be delivered to airlines in twenty nineteen. Now they're saying 174 00:07:05,400 --> 00:07:06,360 Speaker 1: twenty twenty six. 175 00:07:06,400 --> 00:07:08,520 Speaker 2: So Jazi boy, it's no surprise that the stock has 176 00:07:08,600 --> 00:07:10,960 Speaker 2: lost more than forty percent in value this year. 177 00:07:11,000 --> 00:07:13,120 Speaker 1: But be man, despite the fact that Boeing's in a 178 00:07:13,280 --> 00:07:15,920 Speaker 1: world of pain, Boeing's still confident that will raise the 179 00:07:15,920 --> 00:07:18,600 Speaker 1: cash to survive and maybe even thrive. 180 00:07:18,680 --> 00:07:20,360 Speaker 2: So I'm wondering what is the key learning here? 181 00:07:20,400 --> 00:07:23,000 Speaker 1: In the world of business and finance, some companies are 182 00:07:23,000 --> 00:07:24,760 Speaker 1: considered too big to fail. 183 00:07:24,920 --> 00:07:29,000 Speaker 2: Interesting so Boeing's collapse could and would have enormous consequences 184 00:07:29,040 --> 00:07:30,920 Speaker 2: for the broader economy globally. 185 00:07:30,480 --> 00:07:32,440 Speaker 1: And be man. The idea of being too big to 186 00:07:32,480 --> 00:07:36,480 Speaker 1: fail is particularly true for industries critical to national security 187 00:07:36,600 --> 00:07:38,360 Speaker 1: and infrastructure like aviation. 188 00:07:38,520 --> 00:07:42,040 Speaker 2: When these types of companies face challenges, investors often step 189 00:07:42,080 --> 00:07:43,920 Speaker 2: in to help keep things afloat. 190 00:07:43,520 --> 00:07:45,560 Speaker 1: Because they know if the company collapses it could hurt 191 00:07:45,560 --> 00:07:48,720 Speaker 1: everyone even more. And this ain't the first company that 192 00:07:48,720 --> 00:07:50,680 Speaker 1: has been too big to fail. Remember the GFC back 193 00:07:50,680 --> 00:07:51,520 Speaker 1: in two thousand and eight. 194 00:07:51,400 --> 00:07:54,440 Speaker 2: B Man I most certainly do General Motors and Chrysler, 195 00:07:54,520 --> 00:07:58,120 Speaker 2: the car manufacturers. They were about to go down the gurglar. 196 00:07:57,840 --> 00:08:00,160 Speaker 1: And the US government swopped in with a thirteen poin 197 00:08:00,240 --> 00:08:02,880 Speaker 1: four billion US dollar bailout package, and they also bailed 198 00:08:02,920 --> 00:08:05,320 Speaker 1: at eight banks like JP Morgan Wells Fargo with two 199 00:08:05,400 --> 00:08:07,560 Speaker 1: hundred and forty five billion US dollars as well. 200 00:08:07,600 --> 00:08:09,520 Speaker 2: So Jazi boy, when you are too big to fail, 201 00:08:09,640 --> 00:08:12,200 Speaker 2: you might just find that people are willing to go 202 00:08:12,240 --> 00:08:13,760 Speaker 2: the extra mile to help you out. 203 00:08:14,040 --> 00:08:18,280 Speaker 1: For our third and final story, Australian Super, Australia's biggest superfund, 204 00:08:18,440 --> 00:08:20,920 Speaker 1: is making a two point two billion dollar bet on 205 00:08:21,080 --> 00:08:22,840 Speaker 1: US data centers and AI. 206 00:08:22,960 --> 00:08:27,800 Speaker 2: Buzzwords like data centers and AI equal take my money, now, 207 00:08:28,080 --> 00:08:28,600 Speaker 2: tell me more? 208 00:08:28,640 --> 00:08:31,400 Speaker 1: Okay. So, Australian Super is an industry superfund. They've got 209 00:08:31,400 --> 00:08:34,240 Speaker 1: over three hundred and forty billion dollars of retirement savings 210 00:08:34,320 --> 00:08:35,559 Speaker 1: under their management. 211 00:08:35,160 --> 00:08:37,280 Speaker 2: And more than three point four million members. 212 00:08:37,320 --> 00:08:39,880 Speaker 1: Fun fact by man, Australian Super is actually the largest 213 00:08:39,920 --> 00:08:43,200 Speaker 1: superfund in Australia and the sixteenth largest penchry fund in 214 00:08:43,240 --> 00:08:44,400 Speaker 1: the whole wide world. 215 00:08:44,440 --> 00:08:46,800 Speaker 2: That's huge, Jasey boy. But now os super is investing 216 00:08:46,840 --> 00:08:49,800 Speaker 2: two point two billion dollars into a US data center 217 00:08:49,800 --> 00:08:51,120 Speaker 2: company named data Bank. 218 00:08:51,160 --> 00:08:53,280 Speaker 1: In other words, oz s soupers jumping on the bandwagon 219 00:08:53,320 --> 00:08:55,559 Speaker 1: of the artificial intelligence wave big time. 220 00:08:55,640 --> 00:08:55,800 Speaker 3: Now. 221 00:08:55,840 --> 00:08:58,640 Speaker 2: Interestingly, this is O Super's first move into the US 222 00:08:58,760 --> 00:08:59,640 Speaker 2: data center market. 223 00:08:59,679 --> 00:09:01,760 Speaker 1: The cup they have invested in Data Bank already has 224 00:09:01,760 --> 00:09:04,480 Speaker 1: more than sixty five data centers in twenty seven markets, 225 00:09:04,520 --> 00:09:07,040 Speaker 1: and they plan to use OZ Super's money to finance 226 00:09:07,120 --> 00:09:07,680 Speaker 1: new sites. 227 00:09:07,679 --> 00:09:10,080 Speaker 2: There's no denying it. Jazy Boy in this deal enables 228 00:09:10,080 --> 00:09:13,400 Speaker 2: olsuper to get involved in the frenzy around cloud and 229 00:09:13,440 --> 00:09:14,360 Speaker 2: AI infrastructure. 230 00:09:14,440 --> 00:09:15,720 Speaker 1: So what is the key learning here? 231 00:09:15,800 --> 00:09:19,480 Speaker 2: Competition to invest in data centers is reaching its zenith 232 00:09:19,520 --> 00:09:20,400 Speaker 2: in twenty twenty four. 233 00:09:20,440 --> 00:09:22,320 Speaker 1: It's fair to say we are in the Singa market 234 00:09:22,320 --> 00:09:25,520 Speaker 1: that is desperate to cash in on AI technology. 235 00:09:25,040 --> 00:09:26,880 Speaker 2: And old oz Super is going all in. 236 00:09:27,040 --> 00:09:30,040 Speaker 1: Yeah, oz Super bought a minority stake in another company 237 00:09:30,080 --> 00:09:32,560 Speaker 1: named Vantage Data Centers for two and a half billion. 238 00:09:32,559 --> 00:09:35,400 Speaker 1: Baccarinis and jaz Boy. It's not just osuper on the hunt, 239 00:09:35,480 --> 00:09:39,120 Speaker 1: oh No, many large investment firms with an interesting infrastructure 240 00:09:39,160 --> 00:09:42,440 Speaker 1: and now also hyper focused on data centers, particularly with 241 00:09:42,480 --> 00:09:44,319 Speaker 1: AI associated with that Bluck Sam. If you want to 242 00:09:44,400 --> 00:09:46,160 Speaker 1: kick off the weekend on a high with fifty bucks 243 00:09:46,160 --> 00:09:48,240 Speaker 1: in your front pocket, there's only one way to do it. 244 00:09:48,240 --> 00:09:49,960 Speaker 1: It's in the Flux app. Make sure you download the 245 00:09:49,960 --> 00:09:52,000 Speaker 1: Flux app and have your notifications turned on to play 246 00:09:52,080 --> 00:09:52,880 Speaker 1: quick stix today. 247 00:09:52,920 --> 00:09:55,600 Speaker 2: Thanks for listening and we'll see you on Monday.