Morning Brew Daily Jobs Report Off By 800K!? & Ford’s $1.9B Pivot Away From EV SUVs
Aug 22, 2024
This episode dives into a shocking revision of U.S. job growth, with 800,000 jobs removed from last year's reports. A federal judge has thrown a wrench in the FTC's plan to ban noncompete agreements, stirring legal debates. Ford is shifting gears from electric vehicles to gas-electric hybrids after scrapping its EV plans. The rise of 'boommates' highlights older adults living together to combat financial strains. Plus, Starbucks is pre-launching the Pumpkin Spice Latte to boost sales just in time for fall!
AI Snips
Chapters
Transcript
Episode notes
Fake Movie Reviews
- Lionsgate used fabricated quotes from famous critics in a Megalopolis trailer.
- They tried to show that negative early reviews were similar to those of Coppola's past masterpieces.
Jobs Report Revision
- The Labor Department significantly revised its jobs estimates, showing lower job growth than initially reported.
- This revision, the largest since 2009, suggests a weaker labor market than previously perceived.
Non-Compete Ban Blocked
- A Texas judge blocked the FTC's ban on non-compete clauses, siding with businesses protecting intellectual property.
- The FTC argued these clauses depress wages and stifle growth, affecting 30 million workers.