Shows / What the Flux
What the Flux
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.
Episodes
- What the Flux
Google & Meta move $11 billion off Australian shores | Amazon’s Aussie sales hit record high | Adidas' unlaunched shoes break records
Google and Meta have transferred almost $11 billion of Australian revenue to offshore entities over the past year to reduce their tax locally. Amazon's cart is…
- What the Flux
Microsoft invests $25 billion into Australia | WarnerBros Discovery vs Hollywood | SpaceX eyes $60 billion AI purchase
Microsoft is investing a whopping $25 billion into Australian data centres… as demand for AI just keeps booming. Warner Bros Discovery’s investors…
What the FluxCochlear's biggest one-day fall in 30 years | Intrepid Travel billion-dollar push | Adobe's $25 billion share buyback
Cochlear, the ASX-listed hearing implant company, has seen its share price plummet 36% - its biggest one day fall in 30 YEARS. Intrepid Travel, the Aussie tour…
What the FluxNAB braces for bad debts | Mecca's in-store surge | Apple CEO Tim Cook steps down
NAB’s share price has dropped more than 3% as it prepares for a downturn for its business customers. Mecca’s revenue grew to $1.43 billion by the…
- What the Flux
Zip strikes BNPL success in the US | Gucci is launching smart glasses | Amazon $11.6 billion bonanza
Zip Co has seen its shares spiked up to 24% after announcing an upgrade to its earnings guidance thanks to the US. Gucci is teaming up with Google to launch…
What the FluxQantas and Virgin cut flights | Uber invests $10bn into robotaxis | Allbirds pivots to AI Birds
Qantas and Virgin Australia are cutting their lower demand flights because fuel prices continue to bite their bottom line. Uber is driving away from the gig…
What the FluxMCoBeauty hit in copycat lawsuit | IKEA cuts 365-day returns | Coachella brings in the bucks
MCoBeauty, the Australian dupe-beauty giant, is facing US lawsuits over claims it has copied its luxury competitor. IKEA is winding back its famous 365-day…
What the FluxAussies are hoarding the pantry | Yen tanks, Uniqlo thanks | Anthropic's playing AI gatekeeper plus a special guest joins us
SPC, the fruit and veg processor, has been a major beneficiary as Aussies are stocking up on baked beans and canned goods. Uniqlo is heading for another record…
- What the Flux
Canva rebrands as AI company | AustralianSuper dumps $1 billion | Levi Strauss' denim comeback
Canva has acquired two new startups as it tries to reposition itself from design-software to AI-marketing company. AustralianSuper has dumped nearly $1 billion…
- What the Flux
NextDC's 100-year loan (for a 15 year old company) | SafetyCulture goes on the offensive | AI giants team up against Chinese competitors
Aussie data centre operator, NextDC is issuing a 100-year, $1 billion bond to fund its booming data centre expansion. SafetyCulture kicks off its acquisition…
- What the Flux
Telstra forced to cut its mobile coverage claims | Canva's late but huge revenue spike | Shein wants to run Aussie wardrobes
Telstra has just lost one of its key marketing angles as it’s forced to cut its mobile coverage claims by one-third. Canva has released its latest…
- What the Flux
Xero takes on AI by teaming up with AI | Diageo steps up to the crease for billions | David Jones' red flag
Xero has announced a new partnership with Anthropic to bring AI into accounting… and prove that its business won’t be eaten by AI. Indian Premier…
- What the Flux
Qantas faces $500 million profit drop | Apple is putting ads on the Maps | Labubu hype hits reality
Qantas could see profits drop by $500 million as it struggles to balance its flights and the huge spike in oil pieces. Apple is putting ads on Apple…
What the FluxDomain first big challenge to REA Group | AI-powered cow collars hit $2 billon | Cuttable builds $100 million biz with just 8 engineers
A new-look Domain has promised to put a cap on price hikes as part of its new plan to take it up to REA. Halter, a New Zealand-based agtech company has been…
What the FluxSmiggle's profit stalls | Lamborghini ditches EV plans for one reason | Flight Centre gets creative
Premier Investments, the owner of Smiggle and Peter Alexander, has announced flat profit for the last half… with one of its brands carrying the weight…
What the FluxACCC investigates petrol cartel | Meta moves on from the $80 billion metaverse | OpenAI, Microsoft and Amazon in a throuple?!
The ACCC has launched a public investigation into whether major fuel suppliers have been committing anti-competitive conduct in regional Australia Meta is…
What the FluxRBA lifts rate to 4.10% | Google Maps adds AI to compete with Apple | Peloton pushes into gyms
The RBA has lifted interest rates to 4.1%… as war, petrol prices and inflation all collide into a global domino effect. Google is adding a new AI…
What the FluxQantas' $105 million class action | McDonald's viral burger boost | Bumble pops despite falling user numbers
Qantas will pay $105 million to settle a class action over delayed COVID flight refunds… as it tries to move on from the major reputational hit…
- What the Flux
Atlassian cuts 10% of its workforce | AustralianSuper wants to borrow billions | The Inspired Unemployed are cashing in
Atlassian is cutting 10% of its workforce as AI reshapes its business… and it tries to fight back against its plummeting share price. Australia’s…
- What the Flux
The Iconic finally turns a profit | Koala’s IPO reality check | Robinhood’s private strategy
The Iconic has finally turned a profit after 15 years as it shifts away from growth at any costs…and focuses on the margins. Mattress maker Koala is…
- What the Flux
Kyle & Jackie O's downfall sparks ARN Media | Audible faces audiobook competitor | Aussie airports are fleecing their visitors
ARN Media, the radio company behind KIIS and Gold FM, has seen its share price jump over 5% after the fallout of The Kyle and Jackie O show. Audible, Amazon's…
- What the Flux
News Corp positions itself for AI | Lyka leans into pet humanisation | OpenAI’s $110 billion mega-raise from friends
News Corp has declared itself an AI “input” powerhouse as it expects to hit record profits in 2026… thanks to a big OpenAI deal. Lyka, the…
- What the Flux
CommBank dobs itself in to police | Woolworths’ AI goes rogue | Budget Direct's 'vanishing' discounts
Commonwealth Bank has dobbed itself in after spotting $1 billion in home loans were backed by dodgy, AI-generated documents. Woolworths’ AI assistant…
- What the Flux
Qantas' plan to keep away from Virgin | Chemist Warehouse's healthy dose of profit | Wisetech's wipeout
Qantas half-year underlying profits hit nearly $1.5 billion as it plans to shake up its Frequent Flyer program to keep customers loyal Chemist…
- What the Flux
Triple M and Channel Seven face the music | Black Friday hits Adore Beauty's bottom line | Trump eyes 15% tariffs
Southern Cross Media suffered a 17% drop in profit in its first result since merging with Seven West Media… but its CEO didn’t deliver the update…
- What the Flux
Aussie startup exits for $1.6 billion | Guzman y Gomez slows down US plans | eBay acquires Depop for Gen Z
Aussie health-tech startup Eucalyptus has been snapped up for $1.6 billion by Hims & Hers, its US-equivalent… in one of the biggest health-tech exits…
What the FluxBunnings to the rescue | Zip shares plunge 33% | Telstra rings in the revenue
Wesfarmers posts a $1.6 billion profit jump as Bunnings and lithium carry the load… but Officeworks runs low on black ink. Zip Co, the buy now pay…
What the FluxColes accused of 'utterly misleading' customers | SEEK exits Employment Hero | Sushi Sushi has a new owner
Coles has been taken to court by the ACCC for ‘utterly misleading’ consumers on grocery prices. SEEK is putting its stake in Employment Hero up for…
What the FluxBarbeques Galore burns out | Breville brews $1.1 billion in revenue | Kraft Heinz cancels breakup plan
Barbeques Galore has entered receivership, putting 500 jobs on the line as liquidity issues leave Australia’s biggest BBQ retailer fighting for survival…
- What the Flux
ANZ's profit spikes after job cuts | Temple & Webster gets punished for discounts | Hasbro & Mattel - same forecast, different fate
ANZ’s profit jumps 6% to $1.94 billion after 3,500 job cuts under its new ANZ 2030 strategy. Temple & Webster’s share price plummeted 30% but…
- What the Flux
Seek's $365 million write-down | Jeep owner cops multi-billion dollar EV hit | Ozempic upends The Man Shake
Seek has written down its investment in Chinese jobs portal Zhaopin by $365 million after the company’s poor performance. Stellantis, the owner of Jeep…
- What the Flux
Investors brace for Capital Gains Tax changes | Atlassian’s AI problem | KPMG ships jobs offshore
The government is eyeing a major shake-up of the capital gains tax discount, and investors might be about to feel the pain. Atlassian’s share price fell…
- What the Flux
RBA hikes the cash rate...with more to potentially come | Musk's SpaceX acquires Musk's xAI | Hollywood's sequel strategy is failing
The RBA has hiked the cash rate by 0.25% after the latest inflation numbers keep growin and growin and growin. Elon Musk’s SpaceX has acquired Elon…
- What the Flux
Nine's fire sale of radio stations | Spotify is crushing the Aussie music artist's dream | Paramount to take on TikTok
Nine Entertainment has ditched its radio and regional TV assets to bulk up on billboards with an $850 million acquisition Australian music artists are…
- What the Flux
Domain vs REA drama deepens | Meta’s $135 billion bet | Tesla doesn't want to sell cars
Domain’s fight with REA just got more complicated after a US activist investor fires shots at Domain’s new owner, CoStar. Meta has just generated…
- What the Flux
Foxtel's new owner hikes prices | TikTok sells to US investors | Gold and silver break records
Kayo, the sports streaming platform, is jacking up their prices by 15% as its new owner looks to squeeze more value from live sport. Bytedance has officially…
- What the Flux
Aussies pay the “lazy tax” & banks boom | Ryanair trolls Musk | Saks Fifth Avenue files for bankruptcy
Australia’s biggest banks are quietly making billions off zero-interest accounts after Aussie customers pay the lazy tax. Ryanair’s boss picked a…
- What the Flux
$1.9 trillion of super makes a big call | OpenAI rolls out ads | Porsche's biggest sales drop in 16 years
The organisation advising $1.9 trillion worth of super money has set the stage for 2026…and this is likely to have ripple effects across all ASX200…
- What the Flux
Bonds is up for sale | Wikipedia partners with Google, Meta and Amazon | Rio eyes $300 billion Glencore mega-merger
The company behind Bonds, Bras N Things and Sheridan is up for sale after its new global owner wants to clear the decks. Wikipedia has announced a new…
What the FluxBiggest Media and Telco Stories - 2025 Recap
Seven West Media and Southern Cross Media have announced plans to merge into a $415 million content machine. Optus has been slapped with a $100 million fine…
What the FluxBiggest AI stories - 2025 Recap
Atlassian has announced plans to take on Google and Apple with a near-$1 billion acquisition of an AI-powered browse. Nvidia is investing $5 billion USD into…
What the FluxBiggest banking & fintech stories - 2025 Recap
ANZ is cutting 4,500 jobs and scaling back consultants in a $560 million restructure under its new CEO. Macquarie has smashed the Big Four banks in July this…
What the FluxBiggest streaming stories - 2025 Recap
DAZN, the sports streaming platform and Foxtel’s new owner, has made a $936 million USD loss in 2024. YouTube has smashed viewership records and ad…
What the FluxBiggest tech stories - 2025 Recap
Domain, the Aussie real estate site, will be sold to US real estate giant CoStar in a deal worth $2.8 billion deal after Domain’s majority shareholder…
- What the Flux
Biggest retail stories - 2025 Recap
Flux fam, we are back with another WTF recap episode! Today, we’re looking at some of the biggest retail stories from 2025. Retail is one of the…
- What the Flux
Social media ban hits retailers | ASIC fines Grill'd and MJ Bale | 2025's most downloaded app
Australia’s world-first under 16 social media ban has officially kicked in and that means TikTok, Meta and Snap are plotting their next move ASIC is on a…
- What the Flux
RBA big cash rate call | Paramount cuts Netflix's lunch | Airwallex lands massive VC haul
The Reserve Bank of Australia has paused the cash rate at 3.60% in its final meeting of the year…after inflation reared its ugly ugly head once again…
- What the Flux
Smiggle's slump hits Premier Investments hard | Spotify Wrapped breaks records | Lululemon's founder trolls Lululemon CEO
The company behind Smiggle and Peter Alexander copped a 12% share price drop because school students aren’t digging its colourful stationery anymore…
- What the Flux
H&M Australia's $35 million wage blow-out | Aussie EVs fail testing | Magnum splits from Unilever
H&M Australia is facing a $35 million bill for unpaid wages to Australian staff as it starts to quietly shut down its underperforming stores. Australia’s…
- What the Flux
IGA vs Tobacconists | Aussies fuel KFC profit zing[er] | Shopify tanks after Cyber Monday outage
Metcash has seen its shares fall more than 9% after illegal tobacco casues a $345 million knock in sales. The owner of KFC Australia stores has upgraded its…
- What the Flux
El Jannah - the billion-dollar chicken chain | Google takes on Nvidia | Harvey Norman's international success
El Jannah, the cult-favourite charcoal chicken chain, is set to be snapped up for almost $1 billion by US private equity giant General Atlantic. Google is…
- What the Flux
Temple & Webster's wild drop | Aware Super's $50m marketing blitz | SkinKandy pierces the IPO market
Temple and Webster shares have crashed over 30% even though it saw strong revenue growth and record customer numbers. Aware Super, one of Australia’s…
- What the Flux
TikTok's Australian naming rights | Aussie tech founders get a $5 billion payday | Daily Mail acquires British royalty
Tiktok has bought the naming rights to rebrand a major Sydney venue as the ‘Tiktok Entertainment Centre’. Two Aussie tech founders just sold their…
- What the Flux
Reece Plumbing's team gets a second strike | Ladbrokes owner cuts perks | Monash IVF faces a new challenge
The Execs at Reece, the plumbing wizards, have copped a second strike on their pay after shareholders have lost their patience. The owner of Ladbrokes and Neds…
- What the Flux
Qantas steps up in battle with Virgin Australia | Nvidia outperforms everyone | Adobe's billion-dollar marketing play
Qantas is taking the loyalty battle to Virgin Australia head-on… with a new membership program for Jetstar. Nvidia keeps the AI boom alive as it…
- What the Flux
Airtasker’s US boost | ChatGPT just got social | The #1 country music track with a twist
Airtasker has raised more than $7.5 million from iHeartMedia as part of its plan to expand into the US and UK… but it’s share price got whacked on…
- What the Flux
Xero's profit soars...but its share price doesn't | Google releases AI shopping tools | Visa launches digital currency program
Xero has seen its half-year profit jump 42% but its shares still fell 9% on the news... as investors worry about the its big US push. Google has released a…
- What the Flux
Menulog shuts down | DroneShield selloff spooks investors | Kim K's Skim's strikes gold
Menulog has announced it will close its Australian operations after tough competition from global giants has crushed its local market share ASX-listed…
- What the Flux
CommBank's home loans pay off | TikTok's time is up in Australia | Uniqlo's Aussie glow-up
CommBank reported first quarter profits of $2.6 billion with a particular shoutout to their growing home lending and household deposits Australia's social…
- What the Flux
In Conversation with Lee Hatton [Part 2] - From Big Banker to Bitcoin and Block
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…