What the Flux
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© 2025 What the Flux
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Bite-sized business news. 5 minute breakdown of the top 3 Australian or global business stories of the day. Tailor made for busy humans. Hosted by Brett Joffe and Justin Joffe, co-founders of Flux.
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Today on What the Flux: In Conversation, we’re excited to welcome Lee Hatton Lee is Block’s Financial Operations Lead,. Block being the $45 billion USD global fintech giant. It’s the company behind Cash App, Square, music platform TIDAL and of course Afterpay, She started her career in financial services roles across New Zealand, Australia, the UK, and the US before becoming CEO of UBank. From there, she led Suncorp’s Banking & Wealth arm, served on the Xero board, and joined Afterpay just before it became part of Block in 2022. In this conversation, we explored a whole range of fascinating topics including: How growing up in small-town New Zealand shaped her drive to lead The bold career moves that built her global perspective What she’s learned leading in banking vs fintech _ Want to learn more about Block? Check out their latest updates here Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.
Today, we have Angad Soin, the Managing Director for Australia & New Zealand and Global Chief Strategy Officer at Xero. Xero is the cloud-based accounting software that started in New Zealand, listed in Australia and now had 4.4 million subscribers globally in over 180 countries. Angad joined Xero back in 2021, he was elevated to lead Xero’s global strategy function in 2023 and late last year, he took on the added responsibility of leading Xero in Australia and New Zealand - Xero’s biggest region. In this conversation, we explored a whole range of fascinating topics including: How success often comes from doing the things counter to the obvious To scale globally, Xero needed to do less in a few places really well How the “Rule of 40” has evolved into the “Rule of X” because the market rewards growth more than it rewards pure cash flow _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.
Today on What the Flux: In Conversation, we’re excited to welcome Chris Judd - a name that many of you will associate with greatness on the footy field, but whose also created a second act in investing. Chris played 14 seasons in the AFL, first with West Coast and then Carlton. Over that time he became one of the game’s most decorated players. Captain of both clubs, two Brownlow Medals (2004, 2010) as well as leading West Coast to a premiership in 2006. But what many might not fully know is how serious he’s become in the world of investing. Chris founded Cerutty Macro Fund, operating in a macro equity space. In Part 2 of today’s conversation, we’re going to unpack why Chris believes the real bubble isn’t in AI or gold, the habits and mindset that keep him sharp and finding purpose in the work he was “built to do.” _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.
Today on What the Flux: In Conversation, we’re excited to welcome Chris Judd - a name that many of you will associate with greatness on the footy field, but whose also created a second act in investing. Chris played 14 seasons in the AFL, first with West Coast and then Carlton. Over that time he became one of the game’s most decorated players. Captain of both clubs, two Brownlow Medals (2004, 2010) as well as leading West Coast to a premiership in 2006. But what many might not fully know is how serious he’s become in the world of investing. Chris founded Cerutty Macro Fund, operating in a macro equity space. In Part 1 of today’s conversation, we’re going to unpack how lessons from elite sport translate to markets, how he evaluates investments, the challenges he’s faced in moving from public figure to fund manager… and maybe even where he’s placing his bets now. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__ Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.See omnystudio.com/listener for privacy information.
Today, we are joined by Eliza Owen, head of Research at Cotality, formerly known as CoreLogic. And Eliza is the go-to guru when it comes to decoding housing trends, spotting shifts in the market and also helping us understand what all those charts and numbers actually mean for everyday Aussies. For anyone unfamiliar with Cotality, it's the country's leading property, data and analytics company. They track every sale, every suburb, and every shift in the market. So Eliza's here today to help us unpack the wild ride that's been 2025's housing market and also crystal ball with some predictions into 2026 as well. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__ Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.See omnystudio.com/listener for privacy information.
Today, we’re excited to be joined by Adam Schwab, co-founder and CEO of Luxury Escapes. Adam has built one of Australia’s most successful travel brands from the ground up - taking a leap from a legal career, surviving some of the most difficult years in travel, and now leading a global business that connects millions to curated luxury getaways. In our conversation today, we’ll go deep into how he’s thought about risk, culture, growth, and what luxury travel might look like 10 years from now _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__ Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.See omnystudio.com/listener for privacy information.
Zip Co, the ASX-listed buy now pay later, has seen its total transaction volume jump 34% in the past quarter as its US business takes off. Myer has revamped its Myer One loyalty program to bring younger shoppers back to its stores. Football Australia has a plan that would allegedly make it the most expensive sport for gambling companies in Australia. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
CommSec, CommBank’s trading platform, has seen its profits jump 36% as Aussies try to get their hands into volatile stock markets. Rex Airlines, aka Regional Express, has found a buyer in US aviation company after 15 months in administration. Gucci’s parent company Kering has sold its beauty business to L’Oréal for €4 billion to cut debt and refocus on fashion. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
ASX-listed Mayne Pharma saw its shares spike 14% after a court ruled that its acquirer cannot terminate its $672 million acquisition offer Ray-Ban maker EssilorLuxottica just hit record sales as smart glasses go from nerdy to need one now Nestlé’s new CEO is cutting 16,000 jobs as it looks to trim costs while also speeding up growth _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
YouTube and Instagram have announced new safety features for kids and teens ahead of Australia’s social media ban. Macquarie Group has sold one of its data centre businesses for $61 billion in the largest global data centre buyout ever. Elon Musk’s AI company xAI has launched two raunchy chatbots Ani and Valentine to drive more engagement on its AI chatbot. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
Treasury Wine Estates’ shares have hit a decade-low after struggling with weak sales and even more challenges in the US. Pop Mart, the retailer responsible for the Labubu craze, has promised store expansion in Australia after the Labubu-love has boomed locally. The newly-merged Paramount Skydance has made a $42 billion USD offer to acquire media behemoth Warner Bros Discovery… with the little help of a friend. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
CommBank has officially ditched old school servers, and have shifted their core banking system into Amazon Web Services data centres. Netflix has announced new games within your TV…like Boggle and Pictionary…because apparently you weren’t watching enough already. DAZN, the sports streaming platform and Foxtel’s new owner, has made a $936 million USD loss in 2024 _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
Guzman y Gomez has launched $100 million share buy back as its sales continue to pick up for the big burrito. Costco and Aldi are chipping away at Australia’s major supermarkets with more than $17.5 billion in annual sales. Salesforce, the global cloud-based software giant, has found itself caught in a major cybersecurity storm. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
Eagers Automotive, the ASX listed car retailer, has invested $1 billion into a Canadian car dealer as it plans for global and domestic expansion The ASX is finally facing some real competition as Cboe Australia gets the green light to list companies Paramount Skydance has made its first major acquisition since its own merger, acquiring The Free Press for $150 million USD _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
Cash will remain alive in Australia after Australia’s biggest banks and retailers struck a deal to keep Armaguard delivering the goods. General Pants has shut more than a dozen stores in the past year as it struggles to compete in the youth fashion market. Peloton is pedalling hard into AI with a major product revamp, hoping to win back customers and shed its “just a bike” label. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
Seven West Media and Southern Cross Media have announced plans to merge into a $415 million content machine. Donald Trump has slapped a 100% tariff on foreign-made films, throwing Hollywood.. and Australia’s movie industry… into chaos. Amazon has copped a record-breaking $2.5 billion USD fine and refund bill for making Prime sign-ups too easy and cancellations too hard _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
The RBA has held the cash rate at 3.60% after monthly inflation bounces back faster than expected. Video-game giant Electronic Arts has agreed to sell out to Saudi Arabia’s sovereign wealth fund and two private equity firms for $55 billion USD. Accenture has slashed 11,000 jobs globally over the past 3 months and puts a warning on its remaining staff: retrain in AI or risk being left behind. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
Optus has been slapped with a $100 million fine for 4 years of unethical sales conduct Premier Investments has booked a juicy profit boost… but if you peel back the layers, the numbers are mainly due to its sale of Apparel Brands Alibaba share price rocketed 8% higher after it promises to invest many-more billions on AI _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__See omnystudio.com/listener for privacy information.
Kathmandu’s owner is trying to climb out of the red, but investors are pushing for some serious baggage drop. Inflation jumps back up to 3%… and just like that, dreams of a rate cut next week may have just gone poof. Lego is buying back its own fun houses in a £200m cash deal to gain more control over its customer experience. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__ Important Information: This material has been created with the co-operation of BlackRock Investment Management (Australia) Limited (BIMAL) ABN 13 006 165 975, AFSL 230 523 on 26th September 2026. Comments made by BIMAL employees here represent BIMAL’s views only. This material provides general advice only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should obtain financial advice tailored to you having regard to your individual objectives, financial situation, needs and circumstances. Refer to BIMAL’s Financial Services Guide at blackrock.com/au for more information. This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdiction.See omnystudio.com/listener for privacy information.
Myer’s share price has fallen 25% after its poor earnings results shocked investors. Facebook is trying to cure dating-swipe-fatigue with a new AI dating assistant. Porsche has just issued its fourth profit warning this year as it puts its electric vehicle plans on ice. _ Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.__ Issued by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975, AFSL 230 523. Refer to FSG available on our website. Before making any investment decisions, you should assess whether the product or service is appropriate for you and read the PDS and TMD available at blackrock.com.au.See omnystudio.com/listener for privacy information.
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am living the bite site content and explanations of key news stories . am keen to understand how you decide what you will broadcast for that day?
an enjoyable interview. good to learn more about Treasurers background
This is great! I love bite size news.