Morning Brew Daily Stock Market Hits Record High & Gen Z Loves Saving For Retirement
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Jun 30, 2025 Discover the surprising reasons behind the stock market's record highs amid global uncertainties. Dive into the latest on Trump's big bill and Meta's fierce AI talent competition. Gen Z proves to be financially savvy, actively saving for retirement and making waves in the housing market. Also, learn about the increasing trend of lab-grown seafood and what it means for consumers. The hosts mix humor with financial insights, spotlighting a week filled with opportunities and challenges.
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Stock Market Quick Recovery
- The S&P 500 hit record highs quickly, recovering fastest after a 15% decline.
- Despite trade tensions and tariff woes, the U.S. economy remains strong with low unemployment and stable inflation.
Senate Tax Bill Slashes Green Credits
- The GOP Senate tax bill proposes $4.5 trillion in tax cuts and cuts clean energy credits sharply.
- Elon Musk called it "utterly insane," criticizing its harm to renewable energy and future industries.
Meta's AI Talent Spending War
- Meta is aggressively recruiting AI researchers with massive offers, sparking a talent war with OpenAI.
- AI researchers now receive contracts worth $100 million, reflecting their pivotal role in future tech.
