This is what the Flux. I'm Brett and I'm justin. As Friday, the eighth of November, Doyboy, Chemist Warehouse and Sigma are clinking their prescription filled Champagne glasses after the Age of approved their monstrous eight point eight billion dollar merger, and off the back of this news, Sigma's share price jumped a whopping thirty percent to its highest price in seventeen years. If you don't mind, listen.
Very carefully that one flocks out because it may or may not be part of our quick six quiz today. In the Flux out clue alert, we're giving away fifty dollars. The first person adds to three business for finance questions correctly, maybe related to.
The previous story.
Clue alert makes you want to download the Flux app, turn your notifications on because somebody is walking away with fifty bucks today.
Three advantageous stories today, Dozy boy, let's do it for our first. The Governor of the Reserve Bank, Michelle Bullock, has said that Australia's economy could face serious implications after Trump's promise to increase terror slowly.
You can just imagine all the countries shaken in their economic booties right now being so tell me.
More well, Josey Boy. As we know, Donald Trump won the US election on Wednesday Australian time, and.
A man amongst many of his promised initiatives and concepts of a plan is an American first approach to the economy.
This means US companies get the red carpet treatment.
And now be man. The Governor of the Reserve Bank of Australia, Michelle Bullock, has warned that Trump's election could have adverse effects on Australia's economy.
Get this one. Australian export has sent twenty two billion dollars worth of goods to the US in twenty twenty three, twenty four financial years.
We're talking beef and gold and pharmaceutical products are leading the chart.
And boy Bullock is expecting Trump to slap an extra ten to twenty percent tariff from all Australian exports to the US.
But that's not all be man, because Donnie t has spoken about even bigger tariffs for Chinese exports.
We're talking up to sixty percent tariffs on exports from China. So this presidency could hit Australia's economy in more ways than one interesting.
So what is the key learning here?
When tariffs arise, the ripple effect can often be felt fun and why, sa Beeman.
A ten percent increase in tariffs in Australia probably won't make a material impact to our economy, but.
A sixty percent tariff on China might impact US a whole lot more see be Man.
Australia exports a serious amount of goods to China.
In fact, in twenty twenty three alone, Australia exported more than one hundred and twenty billion US dollars worth of goods to China.
In particular, we'd be talking iinore and colon gas and agricultural products. So when Chinese goods become more expensive in the US, Americans are likely to buy less Chinese.
Goods, which means China is likely to import less raw material from US In Australia, so.
Be Man, Australia's close ties with China means our economy is also vulnerable to changes in China's economy.
For our second story, the price of bitcoin has hit a new record, jumping more than ten percent after Donnie T's election win.
Many many many hoddlers sitting smugly in their probably dark rooms right now, So tell me more.
Bitcoin started in two thousand and nine as a payment system that enables people to send money to anyone in the world without permission from banks or governments. So bitcoin started in two thousand and nine as a payment system that enables people to send money to anyone in the world and a man, it's.
Not just a payment system, but it's also a store of value or some bitcoin.
Is called it digital goal Now. Since that founding, it has grown from a weird range group of viewsers to becoming pretty darn mainstream.
In fact, in the US, nearly one in five Americans have dabbled in cryptocurrency.
Now, Jaseyway. Off the back of Donald Trump's election win, the price of bitcoin has jumped by more than ten percent to a record high.
We're talking more than seventy six thousand US dollars per bitcoin.
Compare that to its price of one thousand US dollars in November twenty sixteen, when Trump was first elected ceb Man.
As part of Trump's reelection campaign, he spoke about wanting to make the US the crypto capital of the world.
But maybe a change in government is good for bitcoin either way. So what is the key learning here. When it comes to bitcoin, political promises can send prices soaring or crash it.
Get this, bee Man. In the six months that followed the last three presidential elections, bitcoin has triple digit return.
But this time around, Jasey boy, the bitcoin community is very excited.
Yeah, because Trump's made some big, big, big promises to them.
He promised to make bitcoin a reserve currency.
He's promised to fire the head of the Securities in Exchange Commission in the.
US who has put a lot of regulation around bitcoin.
And he's promised to push through crypto friendly regulation, whatever that actually means to it.
That's a whole lot of promises.
But then, man, if he doesn't deliver on these promises quickly, the euphoria from the bitcoin could turn to disappointment pretty soon.
And we know the price of bitcoin and ethereum for that matter, and all other old coins can be more unhinged than Donald Trump's late night tweets.
So they'd be hoping that Trump follows through with his promises sooner rather than later.
For our third and final story, big tech CEOs and our coosing up to Donald Trump after his win to become the next president. Ahead of some very likely big changes. Everyone scrambling to.
Delete their anti Trump tweets now jell me moore Okay.
In the lead up to the US election, many of the largest companies chose to side with the Democrats or the Republicans, and many also chose.
To completely stay out of it at a fear of the repercussions of backing the wrong horse.
But now that Trump has been re elected, many in America's corporate community a using down that door to get Trump Rooney on side.
Amazon founder Jeff Bezos, met as Mark Zuckerberg, Apple Tim Cook all took to social media to congratulate Donnie t and.
It's fair to say, Josey Boyd, the reactions of America's top tech leaders give us a bit of a glimpse at how CEOs are pifting their strategy to really appeal to Big Donald.
Get this the man. Trump has reportedly been making notes of CEOs and companies he reckons wronged him or backed his rivals aka his squash list, and so business leaders who are scared of retribution have been reaching out and playing nice.
In fact, Josey boy many fortune one hundred CEOs of publicly addressed the outcome on their personal LinkedIn or Twitter accounts.
So what is the key learning here?
With the Donald Trump victory, the US tech scene is about to be divided into winners and losers.
During Trump's first term, some leaders stood up to it.
They quit Tech Advisory Council or challenged.
Him on some of his policies.
But they saw that publicly opposing mister Trump harried a price.
In fact, Amazon argued in court that it lost out on a ten billion dollar government contract because of Trump's personal vendetta against Jeff Bezos.
And in the lead up to the election, Donnie t and Jdvans have blasted big tech time and time and again. But b man, there is one man in tech who's doing just fine right now. Yeah, that's Trump's biggest fan. Elon Musks spent hundreds of millions supporting Trump's campaign.
And it's believed that this will give Mask and therefore Tesla and SpaceX and X more political influence than ever before.
In fact, Tesla's stock was at fourteen percent the day after the election, and.
Musk's personal wealth jump twenty billion US dollars after the election win two.
So it does. Boy, it's not surprising to see so many tech leaders coosing up to Trump.
Because nobody wants their company on the squash leads.
Pluck madam.
If you want to kick up the weekend on a high, dealing smart and with cash in your pocket, there is only one place to do it. It's in the Flux out paying quick six today to make sure to download the app and turn your notifications on to win at Money today.
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Thanks for listening and we'll see you on Monday.