Morning Brew Daily US Economy Is Exploding & X's Turbulent First Year Under Elon
Oct 27, 2023
The hosts discuss the surprising 4.9% GDP growth in the US and what it means for the economy. They delve into the trial of a cryptocurrency figure while reflecting on one chaotic year since Elon Musk took over Twitter, now called X. The conversation touches on the resilience of X amidst declining user metrics and competition. Additionally, they analyze trends in the airline industry and the effects of Hurricane Otis. They even explore the science behind gestures and unveil plans for a new entrepreneurial podcast!
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US Economy's Explosive Growth
- The US economy grew at a 4.9% annualized rate in Q3 2023, exceeding expectations.
- Consumer spending, business inventories, and government spending fueled this growth.
American Economic Outperformance
- The US economy significantly outperformed other developed nations in GDP growth post-COVID.
- This suggests the effectiveness of US pandemic economic policies.
SBF's Trial Testimony
- Sam Bankman-Fried's fraud trial testimony involved him blaming others, particularly lawyers.
- He claimed his use of Alameda funds was within terms of service he merely skimmed.