Morning Brew Daily Global Chip War Heats Up & Bob Iger's $250M Women's Soccer Stake
6 snips
Jul 18, 2024 The podcast dives into the intensifying US-China chip war, with stock prices plummeting amidst geopolitical tensions. Bob Iger's groundbreaking $250M purchase of Angel City FC spotlights the rising value of women's sports. Meanwhile, the acquisition of Supreme by Ray-Ban's parent company raises eyebrows in the streetwear industry. There's a fascinating look at Emmy nominations and a mind-boggling speed record from NASA’s Parker Solar Probe, alongside quirky insights into night-owl productivity and the declining pool industry.
AI Snips
Chapters
Transcript
Episode notes
Ken Griffin Buys Apex Stegosaurus
- Ken Griffin, the hedge fund billionaire, bought a 150 million-year-old stegosaurus fossil named Apex.
- This makes Apex the most expensive fossil sale in history, costing nearly $45 million.
Chip War Impact
- Chip stocks suffered significant losses after Trump's comments on Taiwan and potential trade curbs on China.
- Taiwan Semiconductor, a crucial player in the tech sector, is central to these geopolitical concerns.
Chip Stock Performance
- Companies like ASML, TSMC, and NVIDIA experienced substantial drops due to the chip market downturn.
- However, Intel and GlobalFoundries, perceived as more insulated, remained relatively stable.