Morning Brew Daily Is it Time to Breakup Google? & Disney Fights Wrongful Death Suit
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Aug 15, 2024 The podcast dives into the implications of the U.S. courts declaring Google a monopoly and the potential for a company breakup. It also discusses a controversial wrongful death lawsuit against Disney, highlighting corporate responsibility. Exciting insights on the favorable trends in inflation show promise for a Fed rate cut. The hosts share intriguing tidbits about a mega deal in Mars, the rise of mini farm animals, and the unexpectedly growing wealth of Millennials thanks to real estate. Sports betting's impact on struggling populations rounds out the discussion.
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Schmidt on Remote Work
- Former Google CEO Eric Schmidt criticized Google's remote work policies, saying it prioritized work-life balance over winning.
- He later retracted his statement, claiming he "misspoke" about Google's work hours.
Easing Inflation
- July's consumer price index showed prices grew 2.9% from a year earlier, marking the first time it's been under 3% since 2021.
- Core inflation, excluding food and energy, only ticked up 0.2% from the previous month, suggesting that rapid price increases are easing.
Google's Monopoly
- A judge ruled Google holds an illegal monopoly in its search engine, prompting discussions of potential penalties.
- The Department of Justice is considering proposals ranging from forcing data sharing with rivals to a full-blown breakup of the company.