1
00:00:05,280 --> 00:00:06,760
Speaker 1: This is what the Flux.

2
00:00:06,840 --> 00:00:09,440
Speaker 2: I'm bred and I'm justin and it's Friday, the nineteenth

3
00:00:09,480 --> 00:00:09,800
Speaker 2: of July.

4
00:00:09,920 --> 00:00:12,840
Speaker 1: Josie Boy, it's fair to say share markets are in

5
00:00:12,880 --> 00:00:15,800
Speaker 1: their high confidence era. The ASX two hundred hit a

6
00:00:15,880 --> 00:00:20,040
Speaker 1: new world record on Wednesday, cracking the eight thousand mark

7
00:00:20,160 --> 00:00:22,680
Speaker 1: for the first time. And Josey Boy, that's after tech,

8
00:00:22,920 --> 00:00:26,159
Speaker 1: financial services and property industries saw a big jarm. Not

9
00:00:26,239 --> 00:00:29,600
Speaker 1: to mention, almost everyone reckons the US will cut interest

10
00:00:29,680 --> 00:00:30,760
Speaker 1: rates in September.

11
00:00:30,880 --> 00:00:33,040
Speaker 2: Not the same for Australia though, be Man, Blucks maam.

12
00:00:33,159 --> 00:00:34,479
Speaker 2: We can give you a very good start to the

13
00:00:34,520 --> 00:00:36,960
Speaker 2: weekend with our weekly quiz a quick Sticks. We're giving

14
00:00:36,960 --> 00:00:39,240
Speaker 2: a fifty bucks to the person who get three questions

15
00:00:39,240 --> 00:00:41,080
Speaker 2: correct in the Flux app today, So make sure you

16
00:00:41,120 --> 00:00:43,360
Speaker 2: download the app and had your notifications turned.

17
00:00:43,120 --> 00:00:46,000
Speaker 1: On three riveting stories today, Josy boy, let's do it

18
00:00:46,040 --> 00:00:49,800
Speaker 1: for our first An Australian viral beauty brand, Coco and Eve,

19
00:00:49,840 --> 00:00:52,520
Speaker 1: has raised one hundred million dollars from a US private

20
00:00:52,520 --> 00:00:55,520
Speaker 1: equity business, which will now take a majority steak in

21
00:00:55,680 --> 00:00:56,200
Speaker 1: the company.

22
00:00:56,240 --> 00:00:57,959
Speaker 2: Be Man, I've got to be honest, I haven't heard

23
00:00:58,000 --> 00:00:59,760
Speaker 2: of this one, So tell me what's happening here.

24
00:00:59,800 --> 00:01:02,000
Speaker 1: Well. Coco and Eve is a beauty brand that was

25
00:01:02,040 --> 00:01:05,480
Speaker 1: founded in Melbourne. We're talking hair products, self tanning products,

26
00:01:05,560 --> 00:01:07,960
Speaker 1: shampoos as well. But dose Boy, We're not talking your

27
00:01:08,040 --> 00:01:10,440
Speaker 1: run of the mill eight dollars a bottle dove.

28
00:01:10,319 --> 00:01:13,440
Speaker 2: Shampoos ohn O my brand. We're talking shampoos selling for

29
00:01:13,440 --> 00:01:16,440
Speaker 2: forty dollars a pop. Liquid gold some call it now.

30
00:01:16,480 --> 00:01:18,759
Speaker 1: Over the past six years, Coco and Eve has managed

31
00:01:18,760 --> 00:01:22,280
Speaker 1: to grow their brand rapidly, mainly through TikTok and instat.

32
00:01:21,959 --> 00:01:25,279
Speaker 2: We're talking millions of followers and thousands of TikTok users

33
00:01:25,280 --> 00:01:27,640
Speaker 2: doing product reviews of the brand. And now b Man,

34
00:01:27,720 --> 00:01:31,400
Speaker 2: a Texan private equity company called Gauge Capital, has invested

35
00:01:31,440 --> 00:01:33,960
Speaker 2: one hundred million baccaronis in Coco and E.

36
00:01:34,240 --> 00:01:36,720
Speaker 1: And while we don't know the valuation, we do know

37
00:01:36,800 --> 00:01:39,400
Speaker 1: that they took a majority steak in Coco.

38
00:01:39,280 --> 00:01:42,000
Speaker 2: And E and be Man. This major investment continues a

39
00:01:42,240 --> 00:01:45,720
Speaker 2: range of Australian beauty brand being recognized on the global stage.

40
00:01:46,080 --> 00:01:47,240
Speaker 1: So what's the key learning here?

41
00:01:47,360 --> 00:01:50,600
Speaker 2: Move over Korea and Japan. Australia has become the new

42
00:01:50,720 --> 00:01:52,880
Speaker 2: beauty industry hotspot for years.

43
00:01:53,040 --> 00:01:56,520
Speaker 1: K beauty in Korea or Jay Beauty in Japan. They've

44
00:01:56,560 --> 00:01:59,520
Speaker 1: been the leaders in the skincare world, but Australian beauty

45
00:01:59,560 --> 00:02:02,480
Speaker 1: has become the next in line. Can everyone please get

46
00:02:02,520 --> 00:02:04,480
Speaker 1: around a beauty the man.

47
00:02:04,520 --> 00:02:08,680
Speaker 2: Australian beauty products supposedly lean into that natural and sunkissed

48
00:02:08,680 --> 00:02:10,600
Speaker 2: look and they don't mind dropping words like Bondi in

49
00:02:10,600 --> 00:02:11,520
Speaker 2: their name either, and it's.

50
00:02:11,400 --> 00:02:13,120
Speaker 1: Fair to say it's working. Juzzy boy yep.

51
00:02:13,160 --> 00:02:15,320
Speaker 2: Over the past couple of years, we've seen Bondai sand

52
00:02:15,400 --> 00:02:18,600
Speaker 2: salted Japan's Cow Corporation for four hundred and fifty mil

53
00:02:18,919 --> 00:02:21,919
Speaker 2: Esop was acquired by Laourel for three point seven billion,

54
00:02:22,000 --> 00:02:23,960
Speaker 2: and now co Co and Eve drop one hundred million

55
00:02:24,000 --> 00:02:25,160
Speaker 2: dollar investment as well.

56
00:02:25,200 --> 00:02:28,200
Speaker 1: The global beauty industry is expected to reach five hundred

57
00:02:28,200 --> 00:02:30,640
Speaker 1: and eighty billion dollars by twenty twenty seven.

58
00:02:30,480 --> 00:02:32,760
Speaker 2: So there might be a few other Ossi beauty brands

59
00:02:32,760 --> 00:02:34,600
Speaker 2: to make big announcements in the future as well.

60
00:02:34,720 --> 00:02:37,800
Speaker 1: For our second story, Google is looking to make its

61
00:02:37,840 --> 00:02:41,280
Speaker 1: biggest acquisition ever after it announced late stage talks to

62
00:02:41,320 --> 00:02:44,880
Speaker 1: acquire a cybersecurity company for twenty three billion US dollars.

63
00:02:44,960 --> 00:02:47,600
Speaker 2: That's like acquiring quantas and Seek and JB, Highlight and

64
00:02:47,760 --> 00:02:50,519
Speaker 2: Medibank in one foul swoop. So tell me all about

65
00:02:50,560 --> 00:02:50,880
Speaker 2: this one.

66
00:02:50,919 --> 00:02:53,520
Speaker 1: Well, we know Google and its parent company, Alphabet is

67
00:02:53,520 --> 00:02:57,000
Speaker 1: an absolute behemoth, valued it over two point twenty five

68
00:02:57,040 --> 00:02:58,359
Speaker 1: trillion US dollars.

69
00:02:58,120 --> 00:03:01,120
Speaker 2: Yep, between its Google Search, It's Android operating system, Gmail,

70
00:03:01,160 --> 00:03:03,760
Speaker 2: g Drive, YouTube, Google Maps, it pretty much controls our

71
00:03:03,800 --> 00:03:04,359
Speaker 2: deck Lives.

72
00:03:04,440 --> 00:03:07,600
Speaker 1: And now Alphabet, which is Google's parent company, has announced

73
00:03:07,639 --> 00:03:10,320
Speaker 1: it is in late stage talks to acquire a company

74
00:03:10,400 --> 00:03:13,799
Speaker 1: named Wiz for a casual twenty three billion US dollars.

75
00:03:13,880 --> 00:03:16,120
Speaker 2: Okay, so who is this Wiz you speak about?

76
00:03:16,200 --> 00:03:19,399
Speaker 1: Well, Jusi boy, it's an Israeli cybersecurity company that's only

77
00:03:19,440 --> 00:03:21,880
Speaker 1: been around for just over four years.

78
00:03:21,560 --> 00:03:23,840
Speaker 2: But it's fair to say it's made a serious impact

79
00:03:23,880 --> 00:03:26,720
Speaker 2: in the cybersecurity space so far. It generated one hundred

80
00:03:26,840 --> 00:03:29,880
Speaker 2: million dollars in annual occurring revenue in twenty twenty two.

81
00:03:29,800 --> 00:03:32,680
Speaker 1: Then three hundred and fifty million dollars in annual occurring

82
00:03:32,720 --> 00:03:34,839
Speaker 1: revenue by twenty twenty four, and be man.

83
00:03:34,920 --> 00:03:38,040
Speaker 2: This acquisition of Wiz would help Google grow its cloud

84
00:03:38,120 --> 00:03:41,680
Speaker 2: business and take some pressure offers advertising business. So what

85
00:03:41,800 --> 00:03:42,720
Speaker 2: is the key learning here?

86
00:03:42,840 --> 00:03:47,320
Speaker 1: Cutting edge technologies often come at the steepest of costs.

87
00:03:47,040 --> 00:03:49,400
Speaker 2: You say, be man. Most of the hot new generative

88
00:03:49,440 --> 00:03:51,640
Speaker 2: tools are run on the cloud.

89
00:03:51,440 --> 00:03:54,280
Speaker 1: And that means many corporate clients looking to use AI

90
00:03:54,520 --> 00:03:57,200
Speaker 1: are panicking about the security in the sky.

91
00:03:57,400 --> 00:04:00,720
Speaker 2: Could legal documents and sales deals be lead for everyone

92
00:04:00,720 --> 00:04:03,840
Speaker 2: to see? So Google's acquisition of wiz would become a

93
00:04:03,920 --> 00:04:06,560
Speaker 2: strong selling point for Google in its strategy to become

94
00:04:06,640 --> 00:04:09,480
Speaker 2: a cloud leader. Because let's be honest. Right now, Google

95
00:04:09,520 --> 00:04:12,160
Speaker 2: Cloud plays third fiddle in the cloud computing.

96
00:04:11,800 --> 00:04:14,440
Speaker 1: Space, behind both Amazon with thirty one percent of the

97
00:04:14,440 --> 00:04:14,920
Speaker 1: market and.

98
00:04:14,840 --> 00:04:16,839
Speaker 2: Then Microsoft with twenty five percent of the market.

99
00:04:16,880 --> 00:04:19,960
Speaker 1: Google Cloud trailing all the way behind it just eleven

100
00:04:20,000 --> 00:04:21,200
Speaker 1: percent market share.

101
00:04:21,080 --> 00:04:24,440
Speaker 2: And the global cloud infrastructure market is currently generating more

102
00:04:24,480 --> 00:04:27,480
Speaker 2: than three hundred billion dollars in revenue peranna.

103
00:04:27,200 --> 00:04:30,120
Speaker 1: And growing twenty one percent per year. Might I add, so.

104
00:04:30,080 --> 00:04:32,120
Speaker 2: It's fair to say it is a space that Google

105
00:04:32,200 --> 00:04:32,800
Speaker 2: wants to own.

106
00:04:33,000 --> 00:04:36,480
Speaker 1: For our third and final story, in Vidia and other

107
00:04:36,560 --> 00:04:40,080
Speaker 1: AI chip makers have seen their share prices plummet after

108
00:04:40,320 --> 00:04:44,120
Speaker 1: Donald Trump's latest comments on the chip industry in Taiwan.

109
00:04:44,200 --> 00:04:46,159
Speaker 2: Tell you, right, if anyone's going to shake the stock market,

110
00:04:46,240 --> 00:04:48,359
Speaker 2: you can bet it'll be Donald Trump, So what is

111
00:04:48,360 --> 00:04:48,960
Speaker 2: the story here?

112
00:04:49,040 --> 00:04:51,840
Speaker 1: In Vidia is the computer chip designing company that was

113
00:04:51,880 --> 00:04:54,760
Speaker 1: founded in nineteen ninety three and has recently become the

114
00:04:54,800 --> 00:04:56,640
Speaker 1: backbone of the AI industry.

115
00:04:56,680 --> 00:04:58,560
Speaker 2: In the last twelve months, in Video share price has

116
00:04:58,640 --> 00:05:00,320
Speaker 2: jumped almost one hundred and fifty.

117
00:05:00,480 --> 00:05:02,160
Speaker 1: And for a while it held the title of the

118
00:05:02,160 --> 00:05:05,320
Speaker 1: world's most valuable company, all thanks to this AI boom.

119
00:05:05,360 --> 00:05:07,839
Speaker 2: But now be Man in Video and other AI chip

120
00:05:07,880 --> 00:05:10,520
Speaker 2: makers in Taiwan have seen the share prices drop between

121
00:05:10,560 --> 00:05:11,880
Speaker 2: three and eleven percent.

122
00:05:12,120 --> 00:05:14,360
Speaker 1: Now you pretty clued in. What's the reason here?

123
00:05:14,400 --> 00:05:17,040
Speaker 2: Well, Donald Trump made comments about Taiwan, one of the

124
00:05:17,040 --> 00:05:19,080
Speaker 2: world's biggest AI chip exporters.

125
00:05:19,120 --> 00:05:20,680
Speaker 1: And what were these comments?

126
00:05:20,760 --> 00:05:23,960
Speaker 2: Juzzy boy, he said, Taiwan took our chip business from US.

127
00:05:24,080 --> 00:05:25,599
Speaker 2: I mean, how stupid are we?

128
00:05:25,920 --> 00:05:28,599
Speaker 1: Next minute, in Vidia's share price drops six point six percent,

129
00:05:28,640 --> 00:05:32,720
Speaker 1: wiping over two hundred billion US dollars off its market cap.

130
00:05:32,520 --> 00:05:35,120
Speaker 2: And be men As unbeatable as the AI industry looks,

131
00:05:35,200 --> 00:05:37,520
Speaker 2: it turns out just a couple of choice words from

132
00:05:37,560 --> 00:05:40,599
Speaker 2: Trump sends the whole industry into a frenzy crazy So

133
00:05:40,720 --> 00:05:43,400
Speaker 2: what is the key learning here? No industry is bulletproof

134
00:05:43,520 --> 00:05:45,479
Speaker 2: when it interacts with politics.

135
00:05:45,640 --> 00:05:48,279
Speaker 1: We know, Juzzy Boy, that comments by politicians have the

136
00:05:48,400 --> 00:05:52,039
Speaker 1: power to shift market expectations and influence industries.

137
00:05:52,120 --> 00:05:54,960
Speaker 2: And we know as well that investors react very quickly

138
00:05:55,080 --> 00:05:58,200
Speaker 2: to how they think political decisions might impact their investments.

139
00:05:58,240 --> 00:06:01,120
Speaker 1: And also fair to say that reaction are heightened in

140
00:06:01,160 --> 00:06:02,520
Speaker 1: the lead up to an election.

141
00:06:02,760 --> 00:06:05,040
Speaker 2: Yeah, and given AI such a hot topic right now,

142
00:06:05,080 --> 00:06:07,359
Speaker 2: it's also one of the most exposed industries when it

143
00:06:07,400 --> 00:06:09,040
Speaker 2: comes to geopolitical conflicts.

144
00:06:09,120 --> 00:06:11,839
Speaker 1: And Johnson boyit this isn't the first time Old Trumpell

145
00:06:11,839 --> 00:06:14,680
Speaker 1: Stiltskin has impacted the share market with his comments. Yep.

146
00:06:14,760 --> 00:06:18,080
Speaker 2: According to research by Northeastern University, when Trump is tweeted

147
00:06:18,120 --> 00:06:20,599
Speaker 2: about a company, there's a short term increase in trading

148
00:06:20,680 --> 00:06:22,479
Speaker 2: volume for that company stock.

149
00:06:22,360 --> 00:06:25,279
Speaker 1: Whether that be a selloff or a doubling down on

150
00:06:25,440 --> 00:06:26,160
Speaker 1: that investment.

151
00:06:26,200 --> 00:06:29,160
Speaker 2: But thankfully for companies like in video, this time, companies

152
00:06:29,279 --> 00:06:32,440
Speaker 2: generally see volumes and stock prices return to their pre

153
00:06:32,600 --> 00:06:34,760
Speaker 2: Trump tweet levels. Fox Sam, if you want to start

154
00:06:34,800 --> 00:06:36,800
Speaker 2: your weekend on a high with fifty bucks in your

155
00:06:36,800 --> 00:06:39,200
Speaker 2: front pocket, there is one simple thing to do. Make

156
00:06:39,240 --> 00:06:41,280
Speaker 2: sure you've downloaded the Flux app and you've got your

157
00:06:41,320 --> 00:06:43,599
Speaker 2: notifications turned on to win quick six today.

158
00:06:43,640 --> 00:06:46,080
Speaker 1: Thanks for listening, and we'll see you on Monday.