1 00:00:05,240 --> 00:00:07,960 Speaker 1: This is what the Flux. I'm Brett and I'm justin. 2 00:00:08,039 --> 00:00:11,399 Speaker 1: As Friday, the eighth of November, Doyboy, Chemist Warehouse and 3 00:00:11,440 --> 00:00:15,280 Speaker 1: Sigma are clinking their prescription filled Champagne glasses after the 4 00:00:15,320 --> 00:00:18,600 Speaker 1: Age of approved their monstrous eight point eight billion dollar merger, 5 00:00:18,800 --> 00:00:21,040 Speaker 1: and off the back of this news, Sigma's share price 6 00:00:21,120 --> 00:00:23,799 Speaker 1: jumped a whopping thirty percent to its highest price in 7 00:00:23,880 --> 00:00:26,000 Speaker 1: seventeen years. If you don't mind, listen. 8 00:00:25,880 --> 00:00:28,319 Speaker 2: Very carefully that one flocks out because it may or 9 00:00:28,360 --> 00:00:31,120 Speaker 2: may not be part of our quick six quiz today. 10 00:00:31,240 --> 00:00:34,000 Speaker 2: In the Flux out clue alert, we're giving away fifty dollars. 11 00:00:34,000 --> 00:00:37,080 Speaker 2: The first person adds to three business for finance questions correctly, 12 00:00:37,479 --> 00:00:38,360 Speaker 2: maybe related to. 13 00:00:38,280 --> 00:00:39,000 Speaker 1: The previous story. 14 00:00:39,120 --> 00:00:41,600 Speaker 2: Clue alert makes you want to download the Flux app, 15 00:00:41,720 --> 00:00:44,800 Speaker 2: turn your notifications on because somebody is walking away with 16 00:00:44,840 --> 00:00:45,760 Speaker 2: fifty bucks today. 17 00:00:45,880 --> 00:00:50,000 Speaker 1: Three advantageous stories today, Dozy boy, let's do it for 18 00:00:50,159 --> 00:00:53,520 Speaker 1: our first. The Governor of the Reserve Bank, Michelle Bullock, 19 00:00:53,560 --> 00:00:57,160 Speaker 1: has said that Australia's economy could face serious implications after 20 00:00:57,280 --> 00:01:00,640 Speaker 1: Trump's promise to increase terror slowly. 21 00:01:00,960 --> 00:01:03,080 Speaker 2: You can just imagine all the countries shaken in their 22 00:01:03,120 --> 00:01:05,240 Speaker 2: economic booties right now being so tell me. 23 00:01:05,200 --> 00:01:07,440 Speaker 1: More well, Josey Boy. As we know, Donald Trump won 24 00:01:07,600 --> 00:01:10,160 Speaker 1: the US election on Wednesday Australian time, and. 25 00:01:10,120 --> 00:01:13,280 Speaker 2: A man amongst many of his promised initiatives and concepts 26 00:01:13,280 --> 00:01:16,560 Speaker 2: of a plan is an American first approach to the economy. 27 00:01:16,600 --> 00:01:19,560 Speaker 1: This means US companies get the red carpet treatment. 28 00:01:19,280 --> 00:01:21,319 Speaker 2: And now be man. The Governor of the Reserve Bank 29 00:01:21,360 --> 00:01:24,080 Speaker 2: of Australia, Michelle Bullock, has warned that Trump's election could 30 00:01:24,080 --> 00:01:26,360 Speaker 2: have adverse effects on Australia's economy. 31 00:01:26,400 --> 00:01:28,959 Speaker 1: Get this one. Australian export has sent twenty two billion 32 00:01:29,000 --> 00:01:31,319 Speaker 1: dollars worth of goods to the US in twenty twenty three, 33 00:01:31,480 --> 00:01:32,840 Speaker 1: twenty four financial years. 34 00:01:32,880 --> 00:01:36,000 Speaker 2: We're talking beef and gold and pharmaceutical products are leading 35 00:01:36,040 --> 00:01:36,400 Speaker 2: the chart. 36 00:01:36,560 --> 00:01:39,480 Speaker 1: And boy Bullock is expecting Trump to slap an extra 37 00:01:39,560 --> 00:01:42,320 Speaker 1: ten to twenty percent tariff from all Australian exports to 38 00:01:42,360 --> 00:01:42,840 Speaker 1: the US. 39 00:01:42,880 --> 00:01:44,880 Speaker 2: But that's not all be man, because Donnie t has 40 00:01:44,920 --> 00:01:47,720 Speaker 2: spoken about even bigger tariffs for Chinese exports. 41 00:01:47,720 --> 00:01:50,960 Speaker 1: We're talking up to sixty percent tariffs on exports from China. 42 00:01:51,120 --> 00:01:54,400 Speaker 1: So this presidency could hit Australia's economy in more ways 43 00:01:54,480 --> 00:01:55,440 Speaker 1: than one interesting. 44 00:01:55,560 --> 00:01:56,800 Speaker 2: So what is the key learning here? 45 00:01:56,880 --> 00:01:59,760 Speaker 1: When tariffs arise, the ripple effect can often be felt 46 00:01:59,760 --> 00:02:01,680 Speaker 1: fun and why, sa Beeman. 47 00:02:01,760 --> 00:02:04,320 Speaker 2: A ten percent increase in tariffs in Australia probably won't 48 00:02:04,320 --> 00:02:06,440 Speaker 2: make a material impact to our economy, but. 49 00:02:06,440 --> 00:02:08,919 Speaker 1: A sixty percent tariff on China might impact US a 50 00:02:08,960 --> 00:02:10,280 Speaker 1: whole lot more see be Man. 51 00:02:10,320 --> 00:02:13,120 Speaker 2: Australia exports a serious amount of goods to China. 52 00:02:13,160 --> 00:02:15,720 Speaker 1: In fact, in twenty twenty three alone, Australia exported more 53 00:02:15,720 --> 00:02:18,000 Speaker 1: than one hundred and twenty billion US dollars worth of 54 00:02:18,040 --> 00:02:19,200 Speaker 1: goods to China. 55 00:02:19,240 --> 00:02:22,080 Speaker 2: In particular, we'd be talking iinore and colon gas and 56 00:02:22,280 --> 00:02:25,680 Speaker 2: agricultural products. So when Chinese goods become more expensive in 57 00:02:25,680 --> 00:02:28,440 Speaker 2: the US, Americans are likely to buy less Chinese. 58 00:02:28,160 --> 00:02:31,359 Speaker 1: Goods, which means China is likely to import less raw 59 00:02:31,440 --> 00:02:33,600 Speaker 1: material from US In Australia, so. 60 00:02:33,680 --> 00:02:36,840 Speaker 2: Be Man, Australia's close ties with China means our economy 61 00:02:36,960 --> 00:02:39,800 Speaker 2: is also vulnerable to changes in China's economy. 62 00:02:39,840 --> 00:02:42,640 Speaker 1: For our second story, the price of bitcoin has hit 63 00:02:42,680 --> 00:02:46,440 Speaker 1: a new record, jumping more than ten percent after Donnie 64 00:02:46,440 --> 00:02:47,440 Speaker 1: T's election win. 65 00:02:47,720 --> 00:02:51,600 Speaker 2: Many many many hoddlers sitting smugly in their probably dark 66 00:02:51,680 --> 00:02:53,480 Speaker 2: rooms right now, So tell me more. 67 00:02:53,520 --> 00:02:55,760 Speaker 1: Bitcoin started in two thousand and nine as a payment 68 00:02:55,800 --> 00:02:58,359 Speaker 1: system that enables people to send money to anyone in 69 00:02:58,440 --> 00:03:01,520 Speaker 1: the world without permission from banks or governments. So bitcoin 70 00:03:01,520 --> 00:03:03,359 Speaker 1: started in two thousand and nine as a payment system 71 00:03:03,400 --> 00:03:05,360 Speaker 1: that enables people to send money to anyone in the 72 00:03:05,360 --> 00:03:06,280 Speaker 1: world and a man, it's. 73 00:03:06,200 --> 00:03:08,400 Speaker 2: Not just a payment system, but it's also a store 74 00:03:08,400 --> 00:03:10,320 Speaker 2: of value or some bitcoin. 75 00:03:09,960 --> 00:03:12,760 Speaker 1: Is called it digital goal Now. Since that founding, it 76 00:03:12,800 --> 00:03:15,800 Speaker 1: has grown from a weird range group of viewsers to 77 00:03:15,840 --> 00:03:17,160 Speaker 1: becoming pretty darn mainstream. 78 00:03:17,400 --> 00:03:19,600 Speaker 2: In fact, in the US, nearly one in five Americans 79 00:03:19,600 --> 00:03:21,760 Speaker 2: have dabbled in cryptocurrency. 80 00:03:21,040 --> 00:03:23,240 Speaker 1: Now, Jaseyway. Off the back of Donald Trump's election win, 81 00:03:23,320 --> 00:03:25,480 Speaker 1: the price of bitcoin has jumped by more than ten 82 00:03:25,520 --> 00:03:27,160 Speaker 1: percent to a record high. 83 00:03:27,200 --> 00:03:30,639 Speaker 2: We're talking more than seventy six thousand US dollars per bitcoin. 84 00:03:30,680 --> 00:03:33,040 Speaker 1: Compare that to its price of one thousand US dollars 85 00:03:33,040 --> 00:03:35,960 Speaker 1: in November twenty sixteen, when Trump was first elected ceb Man. 86 00:03:36,000 --> 00:03:38,560 Speaker 2: As part of Trump's reelection campaign, he spoke about wanting 87 00:03:38,560 --> 00:03:41,000 Speaker 2: to make the US the crypto capital of the world. 88 00:03:41,120 --> 00:03:44,280 Speaker 1: But maybe a change in government is good for bitcoin 89 00:03:44,400 --> 00:03:46,480 Speaker 1: either way. So what is the key learning here. When 90 00:03:46,480 --> 00:03:49,440 Speaker 1: it comes to bitcoin, political promises can send prices soaring 91 00:03:49,560 --> 00:03:50,040 Speaker 1: or crash it. 92 00:03:50,080 --> 00:03:51,800 Speaker 2: Get this, bee Man. In the six months that followed 93 00:03:51,800 --> 00:03:55,720 Speaker 2: the last three presidential elections, bitcoin has triple digit return. 94 00:03:55,800 --> 00:03:58,120 Speaker 1: But this time around, Jasey boy, the bitcoin community is 95 00:03:58,280 --> 00:03:59,320 Speaker 1: very excited. 96 00:03:59,400 --> 00:04:02,680 Speaker 2: Yeah, because Trump's made some big, big, big promises to them. 97 00:04:02,720 --> 00:04:04,960 Speaker 1: He promised to make bitcoin a reserve currency. 98 00:04:05,000 --> 00:04:07,120 Speaker 2: He's promised to fire the head of the Securities in 99 00:04:07,160 --> 00:04:08,120 Speaker 2: Exchange Commission in the. 100 00:04:08,160 --> 00:04:10,720 Speaker 1: US who has put a lot of regulation around bitcoin. 101 00:04:10,440 --> 00:04:13,560 Speaker 2: And he's promised to push through crypto friendly regulation, whatever 102 00:04:13,600 --> 00:04:14,400 Speaker 2: that actually means to it. 103 00:04:14,560 --> 00:04:15,640 Speaker 1: That's a whole lot of promises. 104 00:04:15,640 --> 00:04:17,960 Speaker 2: But then, man, if he doesn't deliver on these promises quickly, 105 00:04:18,000 --> 00:04:21,400 Speaker 2: the euphoria from the bitcoin could turn to disappointment pretty soon. 106 00:04:21,440 --> 00:04:23,479 Speaker 1: And we know the price of bitcoin and ethereum for 107 00:04:23,520 --> 00:04:25,880 Speaker 1: that matter, and all other old coins can be more 108 00:04:25,960 --> 00:04:28,160 Speaker 1: unhinged than Donald Trump's late night tweets. 109 00:04:28,560 --> 00:04:30,840 Speaker 2: So they'd be hoping that Trump follows through with his 110 00:04:30,920 --> 00:04:32,640 Speaker 2: promises sooner rather than later. 111 00:04:32,680 --> 00:04:35,760 Speaker 1: For our third and final story, big tech CEOs and 112 00:04:35,800 --> 00:04:38,360 Speaker 1: our coosing up to Donald Trump after his win to 113 00:04:38,400 --> 00:04:41,360 Speaker 1: become the next president. Ahead of some very likely big changes. 114 00:04:41,600 --> 00:04:42,640 Speaker 1: Everyone scrambling to. 115 00:04:42,600 --> 00:04:45,719 Speaker 2: Delete their anti Trump tweets now jell me moore Okay. 116 00:04:45,720 --> 00:04:47,520 Speaker 1: In the lead up to the US election, many of 117 00:04:47,560 --> 00:04:50,680 Speaker 1: the largest companies chose to side with the Democrats or 118 00:04:50,720 --> 00:04:52,360 Speaker 1: the Republicans, and many also chose. 119 00:04:52,160 --> 00:04:53,960 Speaker 2: To completely stay out of it at a fear of 120 00:04:53,960 --> 00:04:56,119 Speaker 2: the repercussions of backing the wrong horse. 121 00:04:56,200 --> 00:04:58,479 Speaker 1: But now that Trump has been re elected, many in 122 00:04:58,560 --> 00:05:01,440 Speaker 1: America's corporate community a using down that door to get 123 00:05:01,480 --> 00:05:03,200 Speaker 1: Trump Rooney on side. 124 00:05:02,920 --> 00:05:06,000 Speaker 2: Amazon founder Jeff Bezos, met as Mark Zuckerberg, Apple Tim 125 00:05:06,000 --> 00:05:09,080 Speaker 2: Cook all took to social media to congratulate Donnie t and. 126 00:05:09,080 --> 00:05:11,120 Speaker 1: It's fair to say, Josey Boyd, the reactions of America's 127 00:05:11,120 --> 00:05:13,040 Speaker 1: top tech leaders give us a bit of a glimpse 128 00:05:13,040 --> 00:05:15,960 Speaker 1: at how CEOs are pifting their strategy to really appeal 129 00:05:16,040 --> 00:05:16,760 Speaker 1: to Big Donald. 130 00:05:17,040 --> 00:05:19,640 Speaker 2: Get this the man. Trump has reportedly been making notes 131 00:05:19,680 --> 00:05:23,080 Speaker 2: of CEOs and companies he reckons wronged him or backed 132 00:05:23,080 --> 00:05:27,200 Speaker 2: his rivals aka his squash list, and so business leaders 133 00:05:27,200 --> 00:05:29,520 Speaker 2: who are scared of retribution have been reaching out and 134 00:05:29,560 --> 00:05:30,279 Speaker 2: playing nice. 135 00:05:30,360 --> 00:05:33,000 Speaker 1: In fact, Josey boy many fortune one hundred CEOs of 136 00:05:33,040 --> 00:05:36,159 Speaker 1: publicly addressed the outcome on their personal LinkedIn or Twitter accounts. 137 00:05:36,240 --> 00:05:37,480 Speaker 2: So what is the key learning here? 138 00:05:37,560 --> 00:05:39,599 Speaker 1: With the Donald Trump victory, the US tech scene is 139 00:05:39,600 --> 00:05:41,839 Speaker 1: about to be divided into winners and losers. 140 00:05:41,960 --> 00:05:44,599 Speaker 2: During Trump's first term, some leaders stood up to it. 141 00:05:44,640 --> 00:05:47,159 Speaker 1: They quit Tech Advisory Council or challenged. 142 00:05:46,880 --> 00:05:48,080 Speaker 2: Him on some of his policies. 143 00:05:48,120 --> 00:05:50,960 Speaker 1: But they saw that publicly opposing mister Trump harried a price. 144 00:05:51,200 --> 00:05:53,520 Speaker 2: In fact, Amazon argued in court that it lost out 145 00:05:53,520 --> 00:05:56,200 Speaker 2: on a ten billion dollar government contract because of Trump's 146 00:05:56,200 --> 00:05:58,239 Speaker 2: personal vendetta against Jeff Bezos. 147 00:05:58,240 --> 00:06:00,440 Speaker 1: And in the lead up to the election, Donnie t 148 00:06:00,640 --> 00:06:04,040 Speaker 1: and Jdvans have blasted big tech time and time and again. 149 00:06:04,080 --> 00:06:05,880 Speaker 1: But b man, there is one man in tech who's 150 00:06:05,880 --> 00:06:08,480 Speaker 1: doing just fine right now. Yeah, that's Trump's biggest fan. 151 00:06:08,560 --> 00:06:12,240 Speaker 1: Elon Musks spent hundreds of millions supporting Trump's campaign. 152 00:06:12,000 --> 00:06:14,000 Speaker 2: And it's believed that this will give Mask and therefore 153 00:06:14,080 --> 00:06:17,680 Speaker 2: Tesla and SpaceX and X more political influence than ever before. 154 00:06:17,760 --> 00:06:19,880 Speaker 1: In fact, Tesla's stock was at fourteen percent the day 155 00:06:19,880 --> 00:06:20,839 Speaker 1: after the election, and. 156 00:06:20,920 --> 00:06:24,000 Speaker 2: Musk's personal wealth jump twenty billion US dollars after the 157 00:06:24,000 --> 00:06:24,760 Speaker 2: election win two. 158 00:06:24,800 --> 00:06:27,080 Speaker 1: So it does. Boy, it's not surprising to see so 159 00:06:27,160 --> 00:06:29,360 Speaker 1: many tech leaders coosing up to Trump. 160 00:06:29,080 --> 00:06:31,800 Speaker 2: Because nobody wants their company on the squash leads. 161 00:06:31,960 --> 00:06:32,400 Speaker 1: Pluck madam. 162 00:06:32,400 --> 00:06:34,080 Speaker 2: If you want to kick up the weekend on a high, 163 00:06:34,160 --> 00:06:36,320 Speaker 2: dealing smart and with cash in your pocket, there is 164 00:06:36,360 --> 00:06:38,240 Speaker 2: only one place to do it. It's in the Flux 165 00:06:38,240 --> 00:06:40,400 Speaker 2: out paying quick six today to make sure to download 166 00:06:40,440 --> 00:06:42,760 Speaker 2: the app and turn your notifications on to win at 167 00:06:42,800 --> 00:06:43,440 Speaker 2: Money today. 168 00:06:43,680 --> 00:06:45,440 Speaker 1: Yes, win at Money today. 169 00:06:45,520 --> 00:06:47,679 Speaker 2: Thanks for listening and we'll see you on Monday.