Introduction

Group Chat News is back and we have some of the hottest stories from the week including the Tom Brady roast, McDonald's is feeling the kickback on their price increases, the US BLS has announced that coffee prices will no longer be factored into CPI inflation data, $2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021, 1 in 24 New York City residents is a millionaire, more than any city, seriously underwater mortgages rise across the country, the $55 billion California wine industry is experiencing its largest and sharpest downturn since the 2008 Financial Crisis, and much more. 

Timeline of What Was Discussed:

• Happy Mother’s Day! (0:00) 

• Recapping the roast of Tom Brady. (4:20) 

• Dee’s experience trying olive oil coffee. (11:33) 

• The consumer is soft. (14:20) 

• Is being a millionaire middle-class? (28:14) 

• No one needs to sell their home. (33:35) 

• Are boomers helping their broke millennial kids? (37:20) 

• Sam Altman on All-In. (50:19) 

• Is wine toast? (58:04) 

• Group Chat ‘Kathy’ Shout Outs. (1:04:32) 

Related Links/Products Mentioned 

• Watch The Roast of Tom Brady | Netflix Official Site 

• The US BLS has announced that coffee prices will no longer be factored into CPI inflation data. 

• McDonald's rising prices pushing some diners away - NBC News 

• $2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021. 

• 1 in 24 New York City residents is a millionaire, more than any other city 

• ‘Seriously underwater’ mortgages rise across US 

• All-In Podcast - In conversation with Sam Altman 

• The $55 billion California wine industry is experiencing its largest and sharpest downturn since the 2008 Financial Crisis 

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