Morning Brew Daily Dow Jones’ Worst Streak in 46 Years & Taco Bell Serves…Chicken Nuggets?
62 snips
Dec 18, 2024 The Dow Jones is experiencing an unprecedented 9-day losing streak, raising eyebrows in the market. Trump settles a defamation case, potentially reshaping media coverage. A little-known startup surges in valuation with a $10 billion funding round, making waves in data analytics. Meanwhile, Taco Bell enters the chicken nugget battle, highlighting the fast food industry's shift towards chicken due to rising beef prices. The conversation wraps up with intriguing industry insights and news.
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Dow's Losing Streak
- The Dow Jones Industrial Average had its longest losing streak since 1978, declining for nine consecutive days.
- This is largely due to UnitedHealth Group's 30% drop, heavily impacting the price-weighted index.
Trump's Media Lawsuits
- Donald Trump settled a defamation case with ABC News and sued the Des Moines Register, escalating his legal battles against media.
- Critics worry these actions aim to silence or control the press through relentless litigation.
Databricks' Rise
- Databricks raised $10 billion, becoming one of Silicon Valley's fastest-growing companies with a $62 billion valuation.
- The software company helps businesses use AI by sifting through data and building predictive models.
