This is what the Flux. I'm Brett and I'm Justin and it's Friday, the ninth of May. Dozzy boy.

This is what the Flux. I'm Brett and I'm Justin and it's Friday, the ninth of May. Dozzy boy.

Donald Trump is back on his tariff game, and this time he's targeting foreign movies with a one hundred percent tarot and this could really hurt the film production industry here in Australia. So now Australia's ambassador to the US, Kevin Right, Yes, mister Kevin O seven himself has started calling it a bluey tax, really tugging at the heart strings. And Joe boy, everyone knows you do not mess with blue That is a cultural crime.

Donald Trump is back on his tariff game, and this time he's targeting foreign movies with a one hundred percent tarot and this could really hurt the film production industry here in Australia. So now Australia's ambassador to the US, Kevin Right, Yes, mister Kevin O seven himself has started calling it a bluey tax, really tugging at the heart strings. And Joe boy, everyone knows you do not mess with blue That is a cultural crime.

How dare they? Flux Adam, it is Friday, and you know what we do on Fridays. We give away fifty bucks to the smartest member of the Flux family. So if you want to test your knowledge and win some cash to kick off the weekend, make sure you download the Flux app, have your notifications turned on, and be the first to answer the quiz correctly.

How dare they? Flux Adam, it is Friday, and you know what we do on Fridays. We give away fifty bucks to the smartest member of the Flux family. So if you want to test your knowledge and win some cash to kick off the weekend, make sure you download the Flux app, have your notifications turned on, and be the first to answer the quiz correctly.

Three slick stories today, Dozzy boy, Let's do it for our first. JB High Fi has seen its sales growth slow, but its tech hungry shoppers are still helping it grow and grow and grow.

Three slick stories today, Dozzy boy, Let's do it for our first. JB High Fi has seen its sales growth slow, but its tech hungry shoppers are still helping it grow and grow and grow.

JB kIPS growing, grewing and grewing, so tell me we'll be man well.

JB kIPS growing, grewing and grewing, so tell me we'll be man well.

JB High Fi was founded in nineteen seventy four and has become one of Australia's largest retailers.

JB High Fi was founded in nineteen seventy four and has become one of Australia's largest retailers.

Whitbydog in brightware houses and handridden price signs.

Whitbydog in brightware houses and handridden price signs.

Not to forget walls of headphones you didn't know you needed.

Not to forget walls of headphones you didn't know you needed.

But man, it ain't just JB anymore. The Jbhighfi group has also got more retailers in its Motley group.

But man, it ain't just JB anymore. The Jbhighfi group has also got more retailers in its Motley group.

Of course, JB owns the Good Guys, the White goods retailer.

Of course, JB owns the Good Guys, the White goods retailer.

It also owns home appliance retailer E and S aka the good guy's fancy cousin, and Jesse Boy.

It also owns home appliance retailer E and S aka the good guy's fancy cousin, and Jesse Boy.

JB provided its quarterly results in its latest market update, and it performed aoka Yeah.

JB provided its quarterly results in its latest market update, and it performed aoka Yeah.

Sales at JB's Aussie stores grew six and a half percent in the March.

Sales at JB's Aussie stores grew six and a half percent in the March.

Quarter, which is a pretty solid result given many consumers are tightening their belts and shutting down their wallets.

Quarter, which is a pretty solid result given many consumers are tightening their belts and shutting down their wallets.

But b man, it's still a smid lower than it's seven point one percent growth it achieved in January on the same store.

But b man, it's still a smid lower than it's seven point one percent growth it achieved in January on the same store.

But the Good Guys at E and S didn't quite perform as strongly.

But the Good Guys at E and S didn't quite perform as strongly.

So what is JB's secret sauce While the other retailers are struggling.

So what is JB's secret sauce While the other retailers are struggling.

Well, consumers are still spending on mobile phones and computers.

Well, consumers are still spending on mobile phones and computers.

So it's yes to tech and no tatoasters.

So it's yes to tech and no tatoasters.

But JAZZI wait, that's the beauty of their diversified portfolio of retailers.

But JAZZI wait, that's the beauty of their diversified portfolio of retailers.

So what is the key learning here?

So what is the key learning here?

Diversification is not just for your investment portfolio, it's also a core strategy for businesses.

Diversification is not just for your investment portfolio, it's also a core strategy for businesses.

JB high Fi has spread its risk across different segments.

JB high Fi has spread its risk across different segments.

Like the Good Guys for white goods and NS for premium appliances, but.

Like the Good Guys for white goods and NS for premium appliances, but.

It's also spread its risk across different market like New Zealand. Yeah, for example, wen it JB Highfi saw faster growth in New Zealand, with its same stores up seven and a half percent.

It's also spread its risk across different market like New Zealand. Yeah, for example, wen it JB Highfi saw faster growth in New Zealand, with its same stores up seven and a half percent.

Compared to just six and a half percent in Australia.

Compared to just six and a half percent in Australia.

And even less at the Good Guys in NF.

And even less at the Good Guys in NF.

So by operating in multiple segments, JB is trying to ensure it's not overly exposed to any one trend or any one consumer moods. We and we know that retail categories tend to move in waves.

So by operating in multiple segments, JB is trying to ensure it's not overly exposed to any one trend or any one consumer moods. We and we know that retail categories tend to move in waves.

So all the good Guys maybe faring now, it's only a matter of time for the others lift again, and that.

So all the good Guys maybe faring now, it's only a matter of time for the others lift again, and that.

Is why investors still love the good guys and gals at JB.

Is why investors still love the good guys and gals at JB.

For our second story, Tab corpus seen at share price downs ten percent as it makes a big bet on live in place sports betting.

For our second story, Tab corpus seen at share price downs ten percent as it makes a big bet on live in place sports betting.

You mean those dingy TAB venues are its new MVP? What is going on here?

You mean those dingy TAB venues are its new MVP? What is going on here?

Okay? So TAB was originally founded back in Victoria and New South Wales in the sixties and it was the og bookie in Australia.

Okay? So TAB was originally founded back in Victoria and New South Wales in the sixties and it was the og bookie in Australia.

But it became the tab coop we know today back in nineteen ninety four when it listed on the ASX.

But it became the tab coop we know today back in nineteen ninety four when it listed on the ASX.

It's the largest wagering company in Australia. In fact, they man it operates in over thirty seven hundred venues across Australia.

It's the largest wagering company in Australia. In fact, they man it operates in over thirty seven hundred venues across Australia.

But juzzy boy TAB has been absolutely smoked over the past decade.

But juzzy boy TAB has been absolutely smoked over the past decade.

That's because the likes of sports Bet and Ladbrokes and better Bet, three six, five NEDS and many many more online betting agencies have soldn a huge chunk of Tab's market share.

That's because the likes of sports Bet and Ladbrokes and better Bet, three six, five NEDS and many many more online betting agencies have soldn a huge chunk of Tab's market share.

And now Tabcorp's new CEO, Gilan McLachlin, the former REFL boss, just launched a new betting product in the Tab app.

And now Tabcorp's new CEO, Gilan McLachlin, the former REFL boss, just launched a new betting product in the Tab app.

It allows punters to bet live via the Tab app, which is illegal in Australia.

It allows punters to bet live via the Tab app, which is illegal in Australia.

But Tab has a little loophole which has got the tick from regulators.

But Tab has a little loophole which has got the tick from regulators.

And clearly investors loved it because the share price jump nearly ten percent on this news. Wow.

And clearly investors loved it because the share price jump nearly ten percent on this news. Wow.

So what is the key learning here?

So what is the key learning here?

Well, regulation can often slow down companies. It can also protect your turf if you use it wisely.

Well, regulation can often slow down companies. It can also protect your turf if you use it wisely.

In the betting world, live in play bets is where the real money rolls in.

In the betting world, live in play bets is where the real money rolls in.

In fact, b Man roughly fifty four percent of gambling turnover in the US is from this live in play betting. But in Australia, regulators have limited the ways that a punter can bet on live sports. No mobile apps, no websites can be used for live betting at all.

In fact, b Man roughly fifty four percent of gambling turnover in the US is from this live in play betting. But in Australia, regulators have limited the ways that a punter can bet on live sports. No mobile apps, no websites can be used for live betting at all.

Punters can only bet live through a call center or in person or on physical terminals and that's to limit impulsive gambling. And given Australians are the world's biggest gambling losers per capita, it does make sense.

Punters can only bet live through a call center or in person or on physical terminals and that's to limit impulsive gambling. And given Australians are the world's biggest gambling losers per capita, it does make sense.

Yeah, but b Man Tabcorp Has physical venues and physical terminals where it's legal to bet, and.

Yeah, but b Man Tabcorp Has physical venues and physical terminals where it's legal to bet, and.

This new feature allows customers to bet on their phone and tap their phone against the terminal, and then it's technically supposedly regulatorially legal. So Juzy Boy tabcop just turned its rundown venues and chunky old terminals into potentially a competitive.

This new feature allows customers to bet on their phone and tap their phone against the terminal, and then it's technically supposedly regulatorially legal. So Juzy Boy tabcop just turned its rundown venues and chunky old terminals into potentially a competitive.

Edge and investors are loving it.

Edge and investors are loving it.

For our third and final story, Google has seen its market value fall by more than one hundred and seventy billion US dollars after it's exclusivity as Safari's search engine is under threats.

For our third and final story, Google has seen its market value fall by more than one hundred and seventy billion US dollars after it's exclusivity as Safari's search engine is under threats.

AI and now Apple swallowing up Google Search and spitting it out. So tell me more'll we man?

AI and now Apple swallowing up Google Search and spitting it out. So tell me more'll we man?

Well, we know that Google and Apple have always had a love hate thing going on.

Well, we know that Google and Apple have always had a love hate thing going on.

Mostly yep.

Mostly yep.

They also happened to be two of the biggest technology rivals of our generation.

They also happened to be two of the biggest technology rivals of our generation.

Apple makes an.

Apple makes an.

iPhone, so Google buys an Android operating system, and Apple makes Apple TV, so Google makes Google Chrome car.

iPhone, so Google buys an Android operating system, and Apple makes Apple TV, so Google makes Google Chrome car.

And the list goes on and on and on.

And the list goes on and on and on.

But one part of their businesses where they actually collaborate is search.

But one part of their businesses where they actually collaborate is search.

Google reportedly pays Apple twenty billion usls per year to be the default search engine whenever you use a Safari browser, and.

Google reportedly pays Apple twenty billion usls per year to be the default search engine whenever you use a Safari browser, and.

Does you boy As part of Google's ongoing monopoly lawsuit, an Apple executive had to testify, and he shared some serious tea.

Does you boy As part of Google's ongoing monopoly lawsuit, an Apple executive had to testify, and he shared some serious tea.

First, he said that Apple is actively exploring ways to reshape Safari, which would replace Google as the default search engine.

First, he said that Apple is actively exploring ways to reshape Safari, which would replace Google as the default search engine.

And then he warned that Google search traffic declined on Apple devices for the first time in twenty two years.

And then he warned that Google search traffic declined on Apple devices for the first time in twenty two years.

Wow. So next minute, Google's parent company, Alphabet so at share price full more than six percent.

Wow. So next minute, Google's parent company, Alphabet so at share price full more than six percent.

So what is the key learning here?

So what is the key learning here?

In tech? Being the default isn't just a convenience, it's a huge competitive advantage.

In tech? Being the default isn't just a convenience, it's a huge competitive advantage.

Most users stick with whatever option comes pre selected.

Most users stick with whatever option comes pre selected.

And that's why Google shows out billions to Apple each and every year. Let me remind you, b man. Google currently controls about ninety percent of the global search.

And that's why Google shows out billions to Apple each and every year. Let me remind you, b man. Google currently controls about ninety percent of the global search.

Market, and a healthy chunk of that comes from its agreements with Apple and Samsung.

Market, and a healthy chunk of that comes from its agreements with Apple and Samsung.

So this could mean that Google's default advantage could start to crumble.

So this could mean that Google's default advantage could start to crumble.

And when your business makes over two hundred and sixty billion US dollars a year from ads, keeping that default status is not a nice to.

And when your business makes over two hundred and sixty billion US dollars a year from ads, keeping that default status is not a nice to.

Have, Nope, it is an existential must have. Yep, flex, am, you've been listening all week. You are well equipped to do the Plux quick Stick quiz in the Flux app. So if you want to win fifty bucks, make sure you've got your notifications turned on and you're the first to answer all three questions correctly.

Have, Nope, it is an existential must have. Yep, flex, am, you've been listening all week. You are well equipped to do the Plux quick Stick quiz in the Flux app. So if you want to win fifty bucks, make sure you've got your notifications turned on and you're the first to answer all three questions correctly.

Thanks for listening, and we'll see you on Monday.

Thanks for listening, and we'll see you on Monday.