Big Retail is FINALLY Slashing Prices & US Workers are Lonelier Than Ever

May 30, 2024

Dive into the oil industry's showdown with activist investors and how major retailers like Walgreens and Walmart are slashing prices to attract consumers. Celebrate a historic moment in baseball as the Negro Leagues' stats are recorded in MLB history. Discover the impressive achievements of Indian American students in the Spelling Bee amidst challenges like India's heatwave and geopolitical tensions. Finally, explore South Korea's creative efforts to break North Korea's isolation through cultural exchanges.

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ANECDOTE

Home Alone House

Kevin McCallister's Home Alone house is on sale for $5.25 million.
Economists estimate the McAllisters needed a $305,000 income in 1990 to afford it.

INSIGHT

Big Oil Wins

ExxonMobil won a shareholder vote, rejecting proposals for faster emission cuts.
This signals a shift away from the ESG movement and big oil's growing power.

INSIGHT

Hot Discount Summer

Retailers are cutting prices due to decreased consumer spending, not goodwill.
This "hot discount summer" aims to lure shoppers back with essential discounts and boost discretionary spending.

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Episode 333: Neal and Toby dive into the latest drama from the oil industry with its biggest players trying to fend off activist investors. Plus, Walgreens, Amazon, and Walmart have announced major cuts to prices to get consumers spending again. Next, stats from the Negro Leagues are officially part of the MLB record books and it’s led to some new leaders. Then, Neal shares his favorite numbers on the American worker, Spelling Bee champs, and India’s heatwave. Toby has his own number on orange juice prices. Lastly, North Korea sends trash balloons into South Korea.

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00:00 - “Home Alone” house for sale

2:45 - Big Oil battles activist investors

7:15 - Summer of savings

10:15 - Negro Leagues added to MLB record books

13:40 - Neal’s Numbers

19:20 - Toby’s Tally

21:50 - Korean balloon fight

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