Morning Brew Daily Spirit Airlines on its Deathbed? & July Inflation Remains Sticky
122 snips
Aug 13, 2025 July's inflation report shows an uptick, raising questions about the Federal Reserve's strategy. Meanwhile, Spirit Airlines and Kodak face dire financial straits, forcing discussions on their potential demise. A rivalry brews between Elon Musk and Apple over treatment of AI apps, highlighting tech industry tensions. Cracker Barrel attempts a makeover to attract younger diners, but reactions are mixed. The episode also touches on innovative urban safety solutions leading to zero traffic deaths in select cities.
AI Snips
Chapters
Transcript
Episode notes
Fed Cut Odds Strengthened By Mild CPI
- July's CPI reading was steady at 2.7% annual inflation, keeping Fed rate-cut odds high for September.
- Core CPI edged up to 3.1%, showing services inflation remains a key risk for policymakers.
Services Inflation Is The Fed's Thorn
- Services inflation is running hotter and matters more in the Fed's preferred core measures.
- Sticky services could complicate the Fed's easing path even if goods inflation stays subdued.
Housing And Travel Pushed Services Higher
- Shelter and airline fares drove July's services gains, with shelter the largest contributor.
- Dental services and airline fares saw outsized monthly jumps, highlighting pockets of price pressure.