Americans LOVE to Spend & Why Broker's Fees Are Going On Trial
Oct 18, 2023
27:17
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President Biden's visit to Israel, House attempting to elect a speaker, Americans love to spend, real estate brokers heading to trial, Marc Andreessen's Techno Optimist Manifesto, United's new boarding protocol, Citi banker fired for expensing two sandwiches
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Quick takeaways
Antitrust scrutiny may disrupt the residential real estate industry's 6% commission paid to brokers.
Despite concerns of an impending recession, American consumers exhibit resilience with stronger-than-expected retail sales.
Deep dives
Real Estate Broker Commission Under Scrutiny
The podcast discusses how the 6% commission paid to residential real estate brokers is facing antitrust scrutiny and could disrupt the industry.
Retail Sales and the American Consumer
The podcast highlights the drop in retail sales, which were stronger than expected, and emphasizes the resilience of the American consumer despite concerns of an impending recession.
Controversy Surrounding Citibank Expense Claims
The podcast delves into the case of a Citibank employee who was fired for falsely claiming expenses and explores the debate over whether the termination was justified for gross misconduct.
Episode 172: Neal and Toby explain the significance of President Biden visiting Israel today and what the implications are of the House attempting to elect a speaker. Plus retail rates are up as Americans love to spend and why real estate brokers may be heading to trial for broker's fees. The guys also take a look at Marc Andreessen's "Techno Optimist Manifesto" and what is United's new boarding protocol? And finally, why one Citi banker was fired for expensing two sandwiches.