
What the Flux
1,304 episodes — Page 26 of 27

AFL, NRL fighting for financial life | Deliveroo cleaning up | Big super losses for everyone
Over 1,500 new restaurants have signed up with Deliveroo in the last month, as the coronavirus restricts Australians from eating at restaurants.Superannuation members have lost up to 15% of their super balances since the coronavirus pandemic, as the share market has tumbled.Two of Australia’s biggest sport organisations, the AFL and NRL, are fighting hard to stay alive financially after calling off their seasons.---- Facebook group: http://bit.ly/whatthefluxgroup- Facebook: http://bit.ly/Fluxfacebook- Instagram: http://bit.ly/fluxinsta- Web: https://www.flux.finance/See omnystudio.com/listener for privacy information.

Virgin cuts domestic flights | Swisse Vitamins hot in demand | WeWork left for dead?
Virgin Australia is cutting domestic flights by 90% and is standing down 8,000 employees because of the coronavirus.Swisse Vitamins has increased production of Vitamin C as Aussies get more cautious about their overall health following the spread of the coronavirus.SoftBank, the company with big investments in companies like Uber and TikTok, is threatening to pull the plug on saving WeWork from financial collapse.---- Facebook group: http://bit.ly/whatthefluxgroup- Facebook: http://bit.ly/Fluxfacebook- Instagram: http://bit.ly/fluxinsta- Web: https://www.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.

Netflix, Stan asked to reduce data | Farmers, pharmacies thriving | Houseparty's time to shine
The Australian government has asked Netflix and Stan to reduce data to avoid a broadband overload, as Australians work from home.The farming and pharmacy industries are thriving while many other industries suffer due to the coronavirus and its economic impact.A video-chat app named Houseparty has achieved over 10 million downloads on Android and even more on iPhone, and has become the hit app of the coronavirus lockdown.---- Facebook group: http://bit.ly/whatthefluxgroup- Facebook: http://bit.ly/Fluxfacebook- Instagram: http://bit.ly/fluxinsta---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.

Aussie dollar hits rock bottom | Beer companies push for 'essential' status | Louis Vuitton owner donates 40 million masks
The Australian dollar dropped to its lowest point since 2003, which is below its value during the global financial crisis.Two of Australia's biggest alcohol companies have said Australia could go dry for three months unless they are included as an essential service under the government's lockdown rules.LVMH, the owner of Louis Vuitton, is ordering 40 million health masks from China to help France cope with the coronavirus outbreak.---- Facebook group: http://bit.ly/whatthefluxgroup- Facebook: http://bit.ly/Fluxfacebook- Instagram: http://bit.ly/fluxinsta---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.

Australia's $66bn stimulus | Air New Zealand bailed out | Meditation apps offering free mindfulness
The Australian government is investing $66bn into the Australian economy to save jobs during the coronavirus crisis.Air New Zealand has been 'bailed out' by New Zealand's government because it was running out of money due to the coronavirus pandemic.Meditation apps are offering free mindfulness as social distancing starts to impact mental health.---- Facebook group: http://bit.ly/whatthefluxgroup- Facebook: http://bit.ly/Fluxfacebook- Instagram: http://bit.ly/fluxinsta---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.

Afterpay's recession fears | WhatsApp introduces coronavirus info hub | NBN provides free bandwidth to telcos
Afterpay shares dropped 33% on Wednesday because investors are concerned the company will struggle in a recession.WhatsApp is introducing a coronavirus information hub in partnership with the World Health Organisation to prevent misinformation and fake news.The NBN is providing more bandwidth to telcos like Telstra and Optus - for free - to help them cope with increased demand as employees work from home.---- Facebook group: http://bit.ly/whatthefluxgroup- Facebook: http://bit.ly/Fluxfacebook- Instagram: http://bit.ly/fluxinsta---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.

Welcome to What the Flux
trailerBite-sized business news. 5 minute breakdown of the top 3 Australian or global business news stories of the day. Tailor made for busy humans.See omnystudio.com/listener for privacy information.

Virgin cuts all international flights | McDonald's, Starbucks enforce social distancing | Google's Verily screens coronavirus online
Virgin is suspending all international flights and half of its domestic flights for more than 2 months because of the coronavirus.Social distancing is starting to directly impact some of the biggest companies in the world, with McDonalds, Uber and Starbucks all making big changes.Google-owned Verily has launched a website that screens people for COVID-19 by asking about symptoms and then points the user in the right direction.---- Facebook group: http://bit.ly/whatthefluxgroup- Facebook: http://bit.ly/Fluxfacebook- Instagram: http://bit.ly/fluxinsta---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.

Airbnb offers refunds for everyone | Coke struggling on-the-go | Coles, Amazon need more staff due to coronavirus demand
Airbnb is letting its customers cancel their reservations, and get a full refund, as the coronavirus continues to ruin travel plans globally.Coca-Cola Amatil, the owner of the Coke brand in Australia, has warned that the coronavirus is dramatically impacting sales in convenience stores and on-the-go outlets.Coles and Amazon are looking to bring on new workers to keep up with coronavirus demand.---- Facebook group: http://bit.ly/whatthefluxgroup- Facebook: http://bit.ly/Fluxfacebook- Instagram: http://bit.ly/fluxinsta---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.

Channel 7 to get Olympics refund? | Crown Casinos enforces social distancing | RBA to print more money?
For the first time, the Reserve Bank of Australia is preparing to introduce 'quantitative easing' (printing money to boost the economy) as a result of the coronavirus.The owner of Channel 7, Seven West Media, will be repaid in full if the olympics doesn’t go ahead because of the coronavirus.Crown Resorts, the owner of casinos around the country, is enforcing "social distancing" because of the growing threat of the coronavirus.---Facebook group: http://bit.ly/whatthefluxgroupFacebook: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinsta---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.

Coronavirus stimulus package | Telstra forces employees to WFH | Slack & Zoom surge from outbreak
The federal government has announced a $17.6 billion coronavirus stimulus package to help boost Australia’s economy.Telstra has told all of its Australian staff to work from home as of today as a precaution against the coronavirus.Teleconference companies, like Zoom and Slack, have surged in demand because of the coronavirus outbreak.---Facebook group: https://www.facebook.com/groups/whatthefluxaus/Facebook page: http://bit.ly/FluxfacebookInstagram: http://bit.ly/fluxinsta---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.

Webjet's cancellation woes | Ramsay Health & Aus Unity team up | Petrol prices drop big time
Webjet, the online travel agency, has reported a major rise in near-term cancellations because of the coronavirus.Ramsay Health Care has formed a partnership with Australian Unity insurance that is focused on home health care, such as support for chronic diseases and mental health.The price of oil (and petrol) dropped significantly this week and an oil price war has broken out between Saudi Arabia and Russia.---Instagram: http://bit.ly/fluxinstaFacebook: http://bit.ly/Fluxfacebook---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.

Kikki.K collapses | COVID-19 & the share market | Amazon's big new product
Kikki.K, the upmarket stationery company, has collapsed.This week has been the most volatile week in global share markets since the global financial crisis in 2008. We explain why.Amazon has announced a new business line - it will sell its world-first Just Walk Out checkout-less technology to other retailers.---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.

Facebook sued by Australia | Qantas CEO foregoes salary | Coles can't keep up with online orders
Facebook is being sued by Australia's privacy watchdog over the Cambridge Analytica data scandal where over 300,000 Australians had their data breached.The CEO of Qantas will forego his salary for 3 months as the coronavirus forces Qantas to cut international flights.Coles is telling its online customers to pick up orders rather than have them delivered because it is struggling to keep up with delivery demand following coronavirus panic buying.---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.

Grindr sold for $600m | ANZ cuts jobs | A bank runs out of money?
A “neobank” named Xinja has had to stop accepting new customers who want to set up savings accounts due to financial constraints. Grindr, the super popular gay dating app, has been sold by a Chinese gaming company for over $600m.ANZ Bank is cutting over 200 jobs from its private banking and financial planning division, following continuing issues after the royal commission over a year ago.---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.

Myer ditched by women | Flight Centre v Fyre Festival | Google's Waymo and its $2.2b raise
Myer has had a 36% drop in profit, following a significant reduction in sales in its key womenswear product range.Flight Centre has settled a legal challenge from the liquidator of the notorious Fyre Festival.Waymo, Google’s self-driving car division, has just announced a huge $2.25 billion fundraise this week.---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.

Spotlight set to buy Harris Scarfe | Lindt growing... for now | WeWork investor SoftBank trying to avoid disasters
Spotlight, the company known for selling everything from quilts to string, is likely to buy failed Aussie department store Harris Scarfe.Lindt, the Swiss chocolate maker, has increased profits by over 5% despite its competitors experiencing sluggish growth lately.Following the failed IPO of WeWork last year, the world’s largest investor in tech startups, SoftBank, has held a special event to help the companies it has invested in prepare for a successful IPO.---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.

RBA cuts rates (to boost toilet paper spending) | Apple throttling iPhones | Twitter CEO to go?
The Reserve Bank of Australia has cut interest rates to a new low of 0.5% to deal with the impact of the coronavirus on the Australian economy.Apple will pay up to $500 million to settle a lawsuit because it slowed down iPhones to entice customers to buy new, better performing iPhones.An investment company has bought 5% of Twitter and wants use its new ownership to replace its founder and CEO Jack Dorsey.---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.

Bega Cheese's fattening court cases | Beyond Meat's growing pains | Apple bans scary tech company
Bega Cheese’s profit has fallen 21% following expensive legal costs from back-to-back court cases against other dairy companies.Shares in Beyond Meat, known for its meat substitutes, dropped 6% last week even though the company keeps signing up fast-food restaurants like Grill'd and Domino's.Clearview AI, a controversial facial recognition startup, has been blocked by Apple and its app has been banned from use.---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.

Corona beer infected by virus | DoorDash needs money | NRL may change format to attract bigger audience
Shares in the owner of Corona beer, Constellation Brands, fell 8% last week, as the beer brand struggles to escape the association with the coronavirus.DoorDash, which launched in Australia recently, has filed for a 'confidential' IPO as competition heats up in the food delivery industry.The NRL is speaking to TV networks and streaming platforms about its next broadcasting deal as it considers following other sports, like cricket, in changing the game's format to attract larger audiences.---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.

Vodafone lives in loss city | Disney CEO shock resignation | Crust, Donut King owner's first profit in years
Vodafone Australia lost 275,000 mobile customers last year and almost $280m, which is more than double last year’s financial loss.Bob Iger, the CEO of Disney, has shocked the entertainment world by suddenly resigning almost two years earlier than planned.Retail Food Group, the owner of Gloria Jean’s, Donut King and Crust Gourmet Pizza has made a profit for the first time in 3 years.---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.

Channel 9 cutting costs | Amazon supermarkets Go checkout-less | Aussie funeral company flying
Nine Entertainment, the owner of Channel 9, is planning to cut costs by $100m over the next 3 years as the TV industry battles to attract audiences and advertisers.After five years in the making, Amazon is bringing its checkout-less store technology to its first large supermarkets with Amazon Go.InvoCare, the biggest funeral company in Australia, has announced a 54% increase in profit. The reason why? It's kinda morbid.---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.

Blackmores' paw-fect solution | Jeanswest is back | Juul stops sales altogether to avoid minors
Blackmores, the Australian vitamin company, thinks it has found the 'paw-fect' way to lift profits.Jeanswest, the fashion retailer that collapsed last month, has been sold to a Hong Kong company, saving 680 jobs.Juul, the company known for its sleek USB-looking e-cigarettes, is stopping sales in Indonesia because it can’t stop retailers from selling its e-cigarettes to minors.---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.

Uber in the slow lane | Aussie airports making bank | Gold booming gold-rush style
Although most rideshare users in Australia use Uber, a new report has found that its competitors such as Ola and Didi are catching up.Despite a drop in passenger growth, Australia's 4 major airports earned more money in 2018-19.The price of gold metal is currently at its highest level since November 2012.---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.

David Jones nearing the end? | Big M, Farmers Union set to become Chinese | Google's Other Bets has changed its tune
The same Chinese company that bought baby milk company Bellamy's last year is set to buy the owner of Farmers Union Iced Coffee and Big M.Google parent company Alphabet is closing down its energy kite startup as the company's risk-seeking division, Other Bets, lost $4.8b.David Jones is closing stores because profits have halved following weak sales and lower foot traffic.---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.

Domain profits but cuts cricket | Medibank moving back home? | Gambling companies out of luck
Real estate website Domain has achieved a profit of $22m and has claimed the property market is on the way back up.Medibank is blaming increases in hospital costs as the reason it had a 14% drop in profit, and as a result, is asking the government for financial assistance for the health insurance industry.Three of Australia’s biggest gambling companies, Crown, Star and Tabcorp, have reported disappointing results.---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.

Huawei's Farnham-style national tour | AFL profits thanks to women | Musk's SpaceX sending us to space
Huawei, the Chinese telco company, is going on an Australia-wide tour to win over Australians as it pushes for its 5G network ban to be overturned.The AFL achieved a profit of almost $50m in 2019 as female participation in the sport grew almost 11%.Elon Musk's SpaceX is planning to send private citizens into space as early as 2021.---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.

Holden no more | Coles underpays staff | Ansell profits from coronavirus
After 160 years of love from Australians, the Holden brand is being retired by its owner, General Motors.Coles underpaid employees $15 million in wages over a six year period.Ansell has announced half-year profit is up 67% following increased demand for its protective equipment during the coronavirus outbreak.---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.

Big Banks v Afterpay & Friends | Tesla cashes in | Man City cooks the books
Commbank and ANZ are pushing for new laws that would allow retailers to add a surcharge to customers who use buy now, pay later services like Afterpay.The share price of Tesla is up 84% this year and the company is cashing in by raising $2 billion from investors.English soccer club Manchester City has been fined and banned for breaking financial rules including overstating sponsorship revenue for five years.---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.

Qantas & pilots stare off | Mike Bloomberg discovers memes | Pinterest is Facebook's latest victim
Qantas and its pilots are in a stand-off over a new pay deal, preventing Qantas from progressing its long-haul flights from Australia's east coast to New York and London.Michael Bloomberg is working with Instagram meme influencers to promote his US presidential campaign.Pinterest shares fell after Facebook released a new app that replicates Pinterest's features.---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.

TPG & Vodafone get married | Hasbro toy sales flying | Headspace app raises big
TPG and Vodafone are getting married. The Federal Court has approved a $15b merger because the combined company will be strong competition to Telstra and Optus.The share price of Hasbro, the toy maker, has jumped thanks to strong sales of Frozen 2 and Star Wars toys over the holiday period.Headspace, the meditation app, has raised US$93m to pursue a clinical validation for mindfulness - and fight off competition.---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.

Airbnb's shockingly huge losses | CSL a consistent sweetheart | Brandless goes bye bye
It has been revealed that private company Airbnb had a loss of over US$322 million for the nine months to September 2019. Turns out it's expensive to invest in our safety.Australian blood company CSL has announced a profit of $1.9b from July to December 2019, meaning profit is up 11%. Oh, and it's Australia's third biggest company.Brandless, a SoftBank-backed online supermarket that once sold everything for $3, has shut down.---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.

George Calombaris' food empire crumbles | Slack jumps from fake news | NBN's $2b loss
Celebrity chef George Calombaris has put his company into voluntary administration with around 22 restaurants and 400 jobs set to go. But Yo-Chi is still alive!Slack, the US tech company that does workplace collaboration, has downplayed a report that sent its share price soaring by 15%.NBN Co, the government-owned corporation that has built and is operating Australia's National Broadband Network, has announced half-year loss of over $2b.---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.

Toll hacked and held to ransom | Twitter winning with health | JB Hi-Fi's chaotic approach keeps succeeding
Toll Group, a giant Australian logistics company, has had its computer systems hacked and the hackers have demanded a hefty ransom.Twitter has added millions of new users and increased ad revenue - and people are optimistic about the company’s future again.Shares in JB Hi-Fi, the tiger-coloured electronics and appliance retailer, are up 10%. But why?---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.

Coles: What to expect when expecting | Tinder swiping takes off globally | Uber shares jump from new airport access
Coles expects 2019 profits to exceed expectations following strong food sales over the festive season.Tinder made $1.2 billion in revenue last year as subscriptions for unlimited swiping takes off.Uber shares have jumped as the company continues to grow globally and gain access to airports around the world.---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.

Nike goes next-level green | Disney+ shoots the lights out | Tigerlily rebrand disaster
At the Tokyo 2020 Olympics, elite athletes will sleep on beds made of cardboard and Nike is dressing 2020 Olympic athletes in uniforms made of recycled shoe parts.Disney+, the new streaming service that competes with Netflix and Stan, has announced its subscriber numbers for the very first time - over 26.5 million subscribers worldwide despite only launching in November 2019.Things are really heating up at fashion label Tigerlily just as the brand celebrates its 20th birthday.---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's numbers finally revealed | APRA: Small health insurers are gone | Blundstone turns 150
Google’s parent company, Alphabet, has lifted the lid on YouTube’s financial numbers for the first time.The Australian Prudential Regulation Authority (APRA) has said that medium and small size health insurance companies in Australia could be gone in the next two years because their businesses aren’t up to scratch.Australian company Blundstone is celebrating its 150th birthday this year.---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 now a tech company | Coronavirus and Australian business | Victoria's Secret CEO may be down but stocks are up
In its attempt to fend off tech companies, Commonwealth Bank is the latest big Australian company to launch a new incubator for startups.The Australian business community is preparing for another wave of hits from the coronavirus as countries around the world continue close the door to Chinese tourists and the Chinese economy slows down big time.The owner and CEO of L Brands, owner of Victoria’s Secret, is in talks to step down - and as a result, the company’s share price jumped 12%.---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.

Realestateview.com.au takes on Domain & REA | Super Bowl breaks ad cost record | Meditation apps are flying
The former head of real estate website Domain (Anthony Catalano) and his business partner (Anthony Waislitz) have become shareholders in Australia’s 3rd largest real estate classifieds website, realestateview.com.au.The Super Bowl was in the US yesterday and the cost of Super Bowl ads are at an all time high.The top 10 highest-earning meditation apps of 2019 grew to $195 million, up 52%.---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.

Melbourne's The Espy for sale? | Big tobacco's terrible investment in Juul | Optus fined heaps for spamming us
Private equity firm KKR is considering buying Melbourne’s favourite nightspot - The Espy.America’s largest tobacco company invested in vaping giant Juul last year, an investment that is turning out to be one of the worst corporate investments in history.Optus has received a $504,000 fine for spamming its customers — the largest penalty imposed for breaching Australia’s Spam Act.---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.

News Corp's new startup | Freedom Furniture parent's $300m loss | Facebook's business anti-stalk tool
News Corporation, the behemoth news company owned by Australia’s own Rupert Murdoch has launched a new online news aggregation site, knewz.com. Awful name.Greenlit Brands, owner of Freedom Furniture and its frugal cousin Fantastic Furniture, has announced a loss of almost $300m.Facebook has released a tool that shows you which other apps and websites have your data and how those businesses are sharing your data back to Facebook.---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.

Afterpay & Co told to treat customers better | Nike runs out of Kobe merch | Woolies suddenly the 'supermarket of the future'
Australia’s buy now, pay later industry, and its companies like Afterpay and Zip, are set to sign a new code of practice to ensure customers are treated more fairly.Nike has sold out of Kobe Bryant merchandise online following the basketball star’s passing.Experts have released a report saying Australia’s very own Woolworths may grow to set the global standard for supermarkets, and ultimately become the “supermarket of the future."---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.

Aus Open's business side | Australia's wealth fund flying | Coronavirus hurting global companies
Tennis Australia has said people all over the world are loving the Australian Open more than ever, so we've taken a look at the business side of the grand slam.Australia’s sovereign wealth fund, which is named the Future Fund, has announced very strong results for 2019. China’s coronavirus has hurt the share prices of several global brands including Nike and Estee Lauder. Qantas, Webjet and Crown also impacted.---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.

Tourism Australia's unusual campaign | Atlassian skyrockets but CEOs not happy Jan | New social media player Byte launches
To support the tourism industry, Tourism Australia has launched a new $20 million advertising campaign called “Holiday Here This Year” so that Aussies will travel locally.Australian tech giant Atlassian’s revenue has skyrocketed 37% but the founders/CEOs aren’t satisfied with the results.A brand new social media company has launched and it comes from the founder of Vine.---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 hit with huge class-action | Google entering health | Australia & UK v Huawei
Commonwealth Bank has been hit with another class-action lawsuit after being accused of flogging insurance policies to people who don't need.Google is making big moves to enter the healthcare space. Is there anything they won't do?The British government will be soon decide whether to let Chinese technology giant Huawei into its 5G market - and the decision will influence whether the Australian government lets Huawei do the same here.---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.

Uber sells another business | Starbucks going plant-based | Mystery Aussie supermarket disappears
Uber, struggling in many countries outside the US, has sold UberEats in India to its arch rival.Starbucks is adding more plant-based food and drinks to its menu, and as a result the share price of Beyond Meat has jumped.Kaufland, the biggest supermarket in Australia that you’ve never heard of, is leaving before it even opens its doors. ---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.

Harry and Meghan can now earn squillions | Tiktok will be bigger than Instragram | Trivago ad lady has misled us all
Harry and Meghan move to own and then commercialise the Sussex Royal brand, with plans to create hundreds of product linesSnapchat CEO believes TikTok could become bigger than Instagram. Why all of a sudden?The lady in the Trivago ads isn't as honest as she seems. They've been misleading us to believe they provide the lowest hotel prices.---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.

Disney drops Fox brand | Adidas x Beyonce collab | Kogan hammered for stinky results
Disney, the new owner of 20th Century Fox’s movie business, is removing the word ‘Fox’ from its name.Adidas has linked up with Beyonce to launch a new athleisure line.Kogan’s share price got hammered yesterday, dropping over 20% at one stage. But why?---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.

Google worth a trillion | Guzman y Gomez expanding to US | Aussie shares hit another record
For the first time Alphabet, Google’s parent company, has reached a trillion-dollar valuation.Aussie fast food chain Guzman y Gomez has opened its first store in the US.Australian share market has achieved a record high for the fourth day in a row.---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.

F45 to IPO? | David Jones staying South African | Trump and China sign trade deal
F45, the Aussie fitness chain backed by Mark Wahlberg, has reportedly filed for an IPO.The South African owner of department store, David Jones, has come out and said we are sticking fat with DJs.Finally US President Donald Trump and China have signed the first phase of a new trade.---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.