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Speaker 1: Just Monday fourteenth of April, Dozy Boyd, the Australian and

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Speaker 1: US share markets have gone from fear to frenzy, to

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Speaker 1: fear and at some point probably frenzy again. But that

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Speaker 1: hasn't stopped Donald Trump tweeting this is a great time

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Speaker 1: to appuye, only hours before pausing the tariffs. There is

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Speaker 1: truly nothing like the President of the USA giving financial

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Speaker 1: advice based on decisions he makes that impact the entire universe.

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Speaker 2: So through nearly half of Australians are watching more than

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Speaker 2: five streaming services a moment. That's according to r mita university,

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Speaker 2: that means on average eighty bucks per month in streaming

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Speaker 2: services alongside every other subscription at flex AM. If you

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Speaker 2: want to know how much is spending each month on subscriptions,

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Speaker 2: there is one place to go. It's the Flux Subscription Tracker.

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Speaker 2: If thirty seconds the AI identifies all your subscriptions tells

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Speaker 2: you how much is spending per month. To make sure

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Speaker 2: to download the flocks app to check it out.

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Speaker 1: Three revolutionary stories today, Dozy Boyd, Let's do it for

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Speaker 1: our first. Virgin Australia has it admitted to overcharging sixty

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Speaker 1: one thousand customers just as it prepares for an ASEX comeback.

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Speaker 2: Not exactly smooth skies for the big VB man. So

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Speaker 2: what is going on here?

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Speaker 1: Well, Virgin Australia was founded in two thousand under the

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Speaker 1: name Virgin Blue and is currently owned by private equity

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Speaker 1: giant Bain Capital now be Man. We spoke a few

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Speaker 1: weeks ago about Virgin Australia's major turnaround over the past

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Speaker 1: few years and also how it plans to relist on

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Speaker 1: the ASEX at some stage this year.

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Speaker 2: But now Virgin Australia revealed it overcharged sixty one thousand

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Speaker 2: of its customers.

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Speaker 1: Yep, it happened when customers made changes to their bookings

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Speaker 1: between April twenty twenty and March of twenty twenty five,

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Speaker 1: and the average.

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Speaker 2: Overcharge per customer was around fifty five bucks.

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Speaker 1: Just enough to buy a week coffee and a soggy

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Speaker 1: sandwich at the terminal.

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Speaker 2: So now be Man, Virgin Australia is contacting all customers

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Speaker 2: who are eligible for refunds, which is around three point

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Speaker 2: four Meal.

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Speaker 1: And Jesse Boy. Any unclaimed refunds will be donated to

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Speaker 1: charity like the Good Corporate Citizen and Virgin Australia well

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Speaker 1: and truly is.

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Speaker 2: And be Man. Virgin Australia's leadership need to put their

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Speaker 2: best foot forward at the moment because they are on

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Speaker 2: the campaign.

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Speaker 1: Trail operation get Virgin Australia back on the ASX.

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Speaker 2: And make ban Capital a tidy profit.

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Speaker 1: So what is the key learning here?

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Speaker 2: When a company's preparing to go public, Everything and anything

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Speaker 2: can influence investor appetite.

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Speaker 1: You see, Juzzy boy, The investor sentiment plays a major

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Speaker 1: role in pricing and demand for the IPO and be Man.

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Speaker 2: While Virgin's overcharging to customers might seem small in isolation,

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Speaker 2: right now, every detail matters.

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Speaker 1: Investors will be looking at whether the company is running

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Speaker 1: a tight ship. They'll be looking at how ethically they

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Speaker 1: run the business and of course whether there are any

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Speaker 1: regulatory issues in the cockpit. Juzzy boy. This ain't the

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Speaker 1: first major company to have a hiccup in the lead

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Speaker 1: up to their big IPO.

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Speaker 2: Remember when Delivery iPod in London with Bikai i Do,

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Speaker 2: and at.

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Speaker 1: The time investors were concerned about how it treated gig workers.

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Speaker 2: It ended up bombing, falling twenty six percent on its

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Speaker 2: share market debut.

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Speaker 1: In fact, it's down fifty five percent since it listed

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Speaker 1: in April twenty twenty one.

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Speaker 2: But be Man. If Virgin shows it's taking customer issues seriously,

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Speaker 2: it might actually help boost their investor confidence. For our

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Speaker 2: second story, Donald Trump's put a ninety day pause on

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Speaker 2: his mega tariffs, but it's largely because the bond market

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Speaker 2: threw a bit of a tantrum.

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Speaker 1: Quite a spanner from Donald J. Trump juzzywork. I'd admit

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Speaker 1: didn't see this on coming. To tell me what's going

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Speaker 1: on here?

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Speaker 2: Okay, so we know Donald Trump was hyping up Liberation

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Speaker 2: Day as the economic equivalent of the Super Bowl.

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Speaker 1: It was supposed to be a major reset to the

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Speaker 1: global economy. But juse way, few investors could imagine the

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Speaker 1: tariffs would be as dramatic as they had been.

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Speaker 2: We know that more than ninety countries were whacked with

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Speaker 2: tariffs between ten percent Hello Australia and one.

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Speaker 1: Hundred and forty five percent Hello to you China.

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Speaker 2: And be Mann. Despite investors begging Trump to consider, he

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Speaker 2: tweeted on truth Social my policies will they ever change?

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Speaker 1: In caps? Except a few days later his policies did

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Speaker 1: in fact change.

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Speaker 2: Yeah, he paused the reciprocal tariffs for ninety days.

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Speaker 1: And we'll only be sticking with the ten percent baseline

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Speaker 1: tariffs for now, except for with China. But interestingly, the

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Speaker 1: major reversal was reportedly because of a selloff in the

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Speaker 1: US bond market.

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Speaker 2: Interesting, so what is the key learning here?

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Speaker 1: Bonds are financial products where individuals or institutions are even

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Speaker 1: countries lend money to a government or a company in

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Speaker 1: return for a fixed interest and be man In tough

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Speaker 1: economic times, government bonds are generally seen as a safehaor

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Speaker 1: as opposed to the share market or the property market, and.

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Speaker 2: That's because governments are considered less of a risk to default.

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Speaker 1: When there's a lot of demand for bonds, typically the

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Speaker 1: bond yields i e. The equivalent of an interest rate

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Speaker 1: will drop.

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Speaker 2: But be Man. During the tariff tiff right now, the

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Speaker 2: bond fields were actually rising.

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Speaker 1: And does it wait. That's a pretty big signal that

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Speaker 1: investors not only had little faith in markets, but also

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Speaker 1: little faith in the US government.

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Speaker 2: And be Man. If confidence in bonds drops, it can

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Speaker 2: have a whole lot of flow on effects as well.

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Speaker 1: Interest rates can spike, borrowing costs might rise, and the

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Speaker 1: economy can take a hit.

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Speaker 2: So this just shows how powerful financial markets can be

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Speaker 2: as a political pressure point. For our third and final story,

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Speaker 2: Camber has dropped one of its biggest product updates ever

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Speaker 2: to compete head on with Microsoft's offer suite.

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Speaker 1: Microsoft Excel, having a circular reference meltdown right now, who's

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Speaker 1: with me? What's going on here?

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Speaker 2: Okay? So we know Canber is the design tool to

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Speaker 2: let people design Instagram quotes and wedding invites, and suddenly

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Speaker 2: they call themselves creatives yep. Canvor was founded in Sydney

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Speaker 2: in twenty twelve and has become a darling of the

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Speaker 2: Australian tech scene and Joseboy. While Canvas started as a

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Speaker 2: design software, it's slowly but surely been expanding. Yeah. First

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Speaker 2: it expands it into docks to take on Word and

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Speaker 2: Google Docs.

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Speaker 1: It created presentation in order to take on PowerPoint and

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Speaker 1: Google Slides.

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Speaker 2: And now at an annual product release conference, Canva nound

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Speaker 2: some big news.

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Speaker 1: Well. First, it's annualized recurring revenue tipped over three billion

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Speaker 1: US dollars, up from two and a half bill in

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Speaker 1: October last year.

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Speaker 2: And next it's launching a new rival to you guess,

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Speaker 2: the b Man Excel.

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Speaker 1: Wow and Juzzyboy. Canvor claims this new product doesn't require

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Speaker 1: any formulas and coding.

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Speaker 2: The goal for Canva is to take on the incumbents

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Speaker 2: in the enterprise space.

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Speaker 1: Like Microsoft and Microsoft and Microsoft and Google as well

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Speaker 1: and Jaziboyd. This means that Canva will use both its

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Speaker 1: bottom up and its top down enterprise sales model.

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Speaker 2: So what is the key learning here?

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Speaker 1: Sometimes the best way into a company isn't through the

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Speaker 1: front door, it's through the side window.

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Speaker 2: Now mean, man, we know true. Additionally, enterprise software has

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Speaker 2: been sold using a top down model.

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Speaker 1: That's where a salesperson would buddy up to a decision

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Speaker 1: maker at the top of the company and then roll

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Speaker 1: out the software to the rest of the team whether

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Speaker 1: they liked it or not. But over the past decade,

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Speaker 1: the bottom up sales model has become a very effective

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Speaker 1: way into organizations. With the bottom up model, individual employees

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Speaker 1: start using a tool on their own individually, and then over.

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Speaker 2: Time a good feature spreads organically.

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Speaker 1: Within the company until the business pretty much has to

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Speaker 1: buy a team plan. In fact, Zybok Canva already hit

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Speaker 1: one billion US dollars in annual recurring revenue through this

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Speaker 1: bottom up approach. Before building out their top down approach.

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Speaker 2: But as Canvas heads deeper into enterprise world, it needs

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Speaker 2: to develop a strong top down approach as well. Buck An,

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Speaker 2: if you feel like money's coming out your bank account,

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Speaker 2: left right and send out, we have the left solutions

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Speaker 2: you Fluck Subscription tracker helps you identify.

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Speaker 1: Oil suscriptions in less than thirty.

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Speaker 2: Seconds and can help you save big bucks to make

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Speaker 2: sure to download the plucked out but check it out.

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Speaker 1: Thanks for listening and we'll see you on Wednesdames