Morning Brew Daily Why Car Buying is About to Get Harder & Delta Loyalty is for the Rich
Sep 15, 2023
The ongoing UAW strike may change car buying dynamics as labor demands rise. An intriguing IPO from Arm is shaking up the market while highlighting tech innovations. Libya's dam disaster reveals alarming infrastructure neglect. Delta's new loyalty program now favors spending over frequency, impacting many travelers. Meanwhile, McDonald's is pushing digital innovations, and Hollywood is mobilizing for striking actors through unique fundraising auctions. The hosts dive into creative approaches to support workers amid a shifting economic landscape.
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UAW Strike
- The United Auto Workers Union launched a targeted strike against Detroit's Big Three automakers (GM, Ford, Stellantis).
- This unprecedented move aims to maximize disruption without depleting the union's strike fund.
Arm IPO and Market Rebound
- Arm, a UK-based chip designer, had the largest IPO in two years, signaling a potential IPO market rebound.
- While Arm's business model is strong, its high valuation compared to NVIDIA raises concerns about overexuberance.
Libya Dam Disaster
- Over 11,300 people died in Derna, Libya, due to dam failures after Storm Daniel, exacerbated by government neglect.
- The dams, built in the 1970s, hadn't seen maintenance in over 20 years despite allocated funds.