Morning Brew Daily US Buying from Mexico Over China & Uber is Profitable Again
Feb 8, 2024
Discover why the U.S. is turning to Mexico for imports instead of China. Uber celebrates its return to profitability, while Snap faces layoffs. Chipotle is eyeing an avocado-scooping robot to boost efficiency. The cultural impact of Tracy Chapman's music revival is discussed, alongside the curious origin story of butter chicken. The podcast also critiques Disney's struggle with streaming, explores marketing strategies in sports, and dives into trends like the return of physical bank branches.
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US-Mexico Trade
- The US is importing more from Mexico than China for the first time in decades.
- This shift reflects decoupling driven by trade tensions, tariffs, and reshoring efforts.
Disney and Uber Earnings
- Disney is investing in gaming and streaming to offset declining TV networks revenue.
- Uber achieved its first annual profit, driven by ride-hailing and delivery services.
Ford and Snap Earnings
- Ford's EV investments are impacting profitability, while its pro business thrives.
- Snap's growth lags behind Meta's, raising concerns about its advertising product.