US Buying from Mexico Over China & Uber is Profitable Again
Feb 8, 2024
28:42
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US buying more goods from Mexico than China, Disney's struggles with streaming, Uber's profitability, Snap's staff layoffs, Chipotle's avocado robot, Neal's favorite numbers, SpongeBob in the Super Bowl, and the origin story of butter chicken.
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Quick takeaways
The United States is buying more goods from Mexico than China due to strained US-China relations and Mexico's convenient trade routes.
Disney's profitability has been driven by its investments in streaming platforms and cost-cutting measures, while traditional TV networks face declining sales.
Deep dives
US Imports More Goods from Mexico Than from China
After decades, the United States is now buying more goods from Mexico than from China. Tensions and tariffs have strained the relationship between the US and China, leading to a shift in trade flows. Mexico has capitalized on this shift, with 80% of its goods being imported by land, making it a convenient trade partner for the US. The decoupling between the US and China has been accelerating due to various factors, including tariffs, geopolitical tensions, and Biden's push to reshore manufacturing. However, some companies may still be routing Chinese-made goods through other countries to avoid US tariffs.
Disney Shows Signs of Growth and Profitability
Disney has reported positive growth and profitability, with a 20% increase in earnings per share, surpassing Wall Street expectations. The company's investments in new ventures, such as a stake in Epic Games and exclusive content on Disney Plus, have contributed to its success. While its traditional TV networks face declining sales, Disney has been focusing on its streaming platforms and cost-cutting measures to maintain profitability. The company plans to open new restaurants and expand automation in its operations to drive growth in the future.
Uber Achieves First Annual Profit, Valuation Soars
Uber has achieved its first annual profit as a public company, signaling a shift towards sustainable and profitable growth. Its ride-hailing and delivery services have been performing well, leading to a record-high market valuation nearing $150 billion. While Uber continues to invest in expanding its services, such as its freight business, which faced some challenges, its core business remains strong. The company's success is attributed to its focus on profitability and reducing costs, with increased optimism for its future performance.
Episode 253: Neal and Toby explain why the United States is buying more goods from Mexico than China. Plus, Disney is still trying to figure out streaming and Uber is finally profitable again. Snap had to lay off 10% of their staff and Chipotle is looking into an avocado robot? Neal shares his favorite numbers and SpongeBob is getting ready for the Super Bowl. Finally, the crazy origin story of butter chicken.