Morning Brew Daily Markets Fear Recession is Near & Scientists Create Woolly Mammoth... Mice?
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Mar 6, 2025 Economists are raising alarms about a potential recession, linking it to stagnant factory activity and low consumer confidence. In a surprising twist, the Trump administration's plans to cut federal leases have sent shockwaves through the commercial real estate market. On a lighter note, scientists are making strides in genetic engineering, attempting to bring woolly mammoths back, but with a twist - by creating mice. The discussion also touches on rising concert ticket prices and China's dropping marriage rates. It's a blend of economics, science, and pop culture!
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Cheeto-Collectibles
- A Flamin' Hot Cheeto resembling Charizard sold for $88,000.
- This follows a similar sale of a Harambe-shaped Cheeto in 2017.
Recessionary Signals
- Despite a tariff reprieve for automakers, recession fears are rising.
- Key indicators like oil prices, stocks, factory activity, and consumer confidence are all slumping.
GSA's Real Estate Flip-Flop
- The GSA briefly listed hundreds of federal properties for sale, then retracted the list.
- This caused shockwaves in the commercial real estate sector, especially in D.C.