Brew Markets

A new CEO at Nestle shakes things up with plans to cut 16,000 jobs and reshape the company for a changing market. Meanwhile, a significant merger between two timber giants raises questions about strategy—timber assets or land value? Concerns grow over auto bankruptcies impacting regional banks, sparking a dive in stock prices linked to fraud fears. Lastly, earnings reports highlight impressive results from TMSC driven by AI chip demand and J.B. Hunt's surge in intermodal performance, while airline results show a mixed bag.

Andrew Ross Sorkin, a New York Times bestselling author and DealBook founder, discusses his book on the 1929 market crash and its significance today. He delves into the policy mistakes that worsened the Great Depression and compares 1929's fiscal climate to today's, exploring how rapid information flows might influence bank runs. Sorkin raises concerns over the democratization of private capital access and the risks of competitive financing in AI, while sharing insights into his investment strategy, focused primarily on index funds.

JPMorgan's CEO Jamie Dimon pushes for a $10 billion investment initiative aimed at bolstering U.S. industries. The podcast delves into the troubling bankruptcy of First Brands, highlighting debts and potential impacts on private credit. Meanwhile, Domino's reports impressive sales growth, despite signs of slowing consumer spending, while Albertsons reveals a shift towards value purchases among shoppers. The conversation also touches on the implications of these earnings for overall consumer sentiment and market dynamics.

Danielle DiMartino Booth, CEO of QI Research and former Fed advisor, shares her insider views on the Federal Reserve's recent decisions. She discusses the potential for future rate cuts influenced by labor market metrics and a looming government shutdown. Danielle warns of possible Enron-like risks in financing schemes and evaluates overvaluation in the stock market. Her advice for young professionals includes pursuing trade skills and healthcare careers, emphasizing adaptability in an evolving job market.

Anthony Scaramucci, founder of SkyBridge Capital and crypto advocate, joins to discuss the intersection of hedge funds and AI. He examines whether AI can truly replace human hedge fund managers, stressing the importance of their expertise during market downturns. Scaramucci also highlights the value of neuroplasticity for staying relevant in finance and the need for fresh perspectives in the industry. He reflects on the evolving landscape of funds and the rising significance of technology in investment strategies.

Pressure mounts on Pepsi's CEO as activist investors demand growth, with declining volumes raising questions about their strategy. Meanwhile, Delta's strong earnings signal a rebound in business travel, showcasing increased loyalty and premium services. Ann also demystifies dividend recapitalizations, likening them to financial refinancing, highlighting their appeal in a low-rate environment. Lastly, Ferrari's stock suffers due to weak guidance, while Costco thrives with rising sales and membership.

Episode 38: Welcome to Brew Markets. Today, meme ETFs are making a comeback and Ann explores which companies are included - whether or not they want the memestock title. Then the proposed merger of Fifth Third Bank and Comerica has us discussing why regional banks want to scale up and why big banks are trying to go local. Ann goes through why the likes of Robinhood and BlackRock are exploring Tokenization and what it means. Plus, AST SpaceMobile partners with Verizon and Figma is now accessible through ChatGPT. Listen to Capital Ideas on your favorite podcast player https://podcasts.apple.com/us/podcast/capital-ideas-podcast/id1206119204 www.brewmarkets.com Subscribe to the Brew Markets newsletter: https://www.morningbrew.com/brew-mark... Follow Brew Markets on social: Instagram: instagram.com/brewmarkets TikTok: tiktok.com/@brewmarkets X: x.com/brewmarkets Follow Ann Berry on social: Instagram: instagram.com/annberry_nyc X: x.com/AnnBerry_NYC Listen to Brew Markets Here: swap.fm/l/9Qk4z73Z2nEwFiCB4qee Watch Brew Markets Here:⁠ https://www.youtube.com/@BrewMarkets 00:00 Welcome to Brew Markets Daily 00:35 Meme ETFs Crop Up 05:00 More Bank Deals On the Way 14:30 QFA: What is Tokenization? 17:40 Market Close 18:30 Final Thought Disclosure: Paid Endorsement. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Cryptocurrency trading is offered by Bakkt Crypto Solutions (NMLS ID 1890144), licensed by the NYSDFS. Alpha is an experimental AI tool powered by GPT-4. Its output may be inaccurate and is not investment advice. Public Holding’s, Inc. makes no guarantees about its accuracy or reliability—verify independently before use. Options are not suitable for all. Investors should read Options Disclosure at Public.com/odd Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode 37: Welcome to Brew Markets. Today, Ann looks at why ICE - the public company that owns the New York Stock Exchange - is investing $2 billion in prediction market player, Polymarket. Next, we unpack why consumers are drinking less beer and what Constellation Brands has to say about the trend. Then, Ann answers a listener's question on what warrants are - and explains why OpenAI’s deal to get them in AMD is so juicy. We wrap on gold hitting new highs, Oracle’s stock nudging down, Ford facing supply chain disruption and Qualcomm’s move into robotics. Listen to Capital Ideas on your favorite podcast player https://podcasts.apple.com/us/podcast/capital-ideas-podcast/id1206119204  www.brewmarkets.com  Subscribe to the Brew Markets newsletter: https://www.morningbrew.com/brew-mark... Follow Brew Markets on social: Instagram: instagram.com/brewmarkets TikTok: tiktok.com/@brewmarkets X: x.com/brewmarkets Follow Ann Berry on social: Instagram: instagram.com/annberry_nyc X: x.com/AnnBerry_NYC Listen to Brew Markets Here: swap.fm/l/9Qk4z73Z2nEwFiCB4qee Watch Brew Markets Here:⁠ https://www.youtube.com/@BrewMarkets 00:00 Welcome to Brew Markets Daily 01:06 Polymarket Joins NYSE’s Family 04:36 $STZ IN RETROGRADE? 11:30 QFA: What Are Warrants? 16:40 Market Close 18:00 Final Thought Disclosure: Paid Endorsement. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Cryptocurrency trading is offered by Bakkt Crypto Solutions (NMLS ID 1890144), licensed by the NYSDFS. Alpha is an experimental AI tool powered by GPT-4. Its output may be inaccurate and is not investment advice. Public Holding’s, Inc. makes no guarantees about its accuracy or reliability—verify independently before use. Options are not suitable for all. Investors should read Options Disclosure at Public.com/odd Learn more about your ad choices. Visit megaphone.fm/adchoices

OpenAI's recent equity partnership with AMD raises concerns about a potential AI bubble. A drop in Reddit citations by ChatGPT suggests licensing deals could be making the platform less visible. The intricacies of prediction markets are unpacked, revealing how they gauge odds for events like the looming government shutdown. Daily market highlights include a Tesla teaser video that has set tongues wagging about a new affordable model. Tune in for insights on the shifting landscape of tech and finance!

Wes Cummins, the CEO and co-founder of Applied Digital, shares his insights into the fascinating world of data centers, the backbone of AI technology. He explains the metrics that define modern data centers, like power density and megawatts. Discussing Applied Digital's pivot from Bitcoin to AI, he reveals their proactive strategy in building facilities ahead of demand. Wes also touches on North Dakota’s strategic advantages for data centers, including its cold climate and renewable energy resources, while addressing community concerns and workforce strategies.