The chapter covers the potential TikTok ban within a broader legislative bill, Elon Musk's stance on the free speech issue, and the challenges it poses for divestment. It also discusses Tesla's Cybertruck recall, the company's difficulties, and potential shifts in focus. Additionally, the chapter explores the impact of a strong US dollar on the economy, including benefits for consumers and challenges for emerging markets and manufacturers.
Episode 306: Neal and Toby dive into the House of Representatives’ overwhelming vote to ban TikTok and now it’s moved onto the Senate. Then, Tesla recalls all of its Cybertrucks due to a faulty accelerator pedal cover that could seriously harm people. Next, those who betted against the U.S. Dollar is feeling the pain as it hits record highs. Also, the UAW and chess champion Tunde Onakoya are the weekend’s winners. Meanwhile, Wall Street doesn’t seem like itself as its iconic bank closes shop. Lastly, what’s coming ahead to get your Monday started.
00:00 - Intro
3:00 - TikTok ban seems real
7:15 - Tesla recalls cybertruck
11:20 - U.S. Dollar strong
15:00 - Weekend winners
20:30 - Wall Street ghost town
23:15 - Week ahead
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