Morning Brew Daily

Best-selling author and journalist Michael Lewis, known for works like The Big Short and Moneyball, joins the discussion to reflect on the film's 10th anniversary and its ties to the 2008 financial crisis. He shares insights on the current AI landscape, warning it may mirror past bubbles. Michael delves into the risks of sports gambling and the ethical concerns it raises. He also playfully explores modern casting choices for The Big Short, contributing his unique perspective on storytelling and the importance of strong characters.

Toby and Kyle dive into the controversial idea of OpenAI potentially being 'too big to fail' amidst discussions of government backstops. They also explore President Trump's proposal for 50-year mortgages, weighing its affordability against long-term costs. Netflix's reimagining of 'Sesame Street' is on the table, aiming to reconnect with audiences. Additionally, the frenzy over Starbucks’ bear-shaped cup sparks both excitement and backlash. They round out the conversation with insights on looming economic data delays due to the government shutdown.

October saw the highest layoffs in 20 years, affecting many sectors. Elon Musk triumphs with his staggering $1 trillion pay package, sparking discussions about his motivations. ESPN ditches Penn Entertainment for DraftKings, signaling a significant shift in sports betting partnerships. Snap's stock rose after announcing a deal with Perplexity AI to enhance its search engine. Meanwhile, Duolingo, Celsius, and e.l.f. Beauty are struggling, each seeing shares plummet by at least 20%. Plus, the FAA plans to cut flights, raising concerns for travelers.

The longest U.S. government shutdown impacts air travel with the FAA reducing flights by 10%. Whole Foods tests a hybrid store concept featuring Amazon kiosks and robots. Meanwhile, Google explores the ambitious idea of launching data centers into space to tackle AI challenges. With a rise in double majors, students prioritize job security in a volatile market. Additionally, research indicates that while moderate indoor plants can be beneficial, too many may actually increase stress. Lastly, the World Series garners record viewership!

Zohran Mamdani's upset victory as NYC's new mayor sparks intriguing reactions from Wall Street. The Supreme Court deliberates Trump's sweeping tariffs, with significant implications for emergency powers. Investor Michael Burry predicts an AI bubble, shedding light on market concentration and stock volatility. Meanwhile, Pizza Hut faces declining sales, prompting its parent company to consider a sell-off. The U.S. government shutdown marks a historic record, affecting SNAP and transport, while investors eye potential resolutions.

A giant acquisition shakes the market as Kimberly-Clark buys Kenvue, sparking discussions on legal risks around Tylenol. Palantir celebrates a fantastic Q3, despite CEO Alex Karp's fiery take on analysts. Controversy brews as Shein faces backlash over banned products in France. Meanwhile, Coca-Cola boldly returns to AI-generated ads, trying to overcome previous criticisms. On a tech note, OpenAI pens a staggering $38 billion cloud deal with Amazon, raising eyebrows in the industry.

Discover the intriguing K-shaped economy where the wealthy thrive while lower-income consumers struggle to keep up. Dive into Disney's battle with YouTube TV over content, revealing the complexities of media negotiations. Marvel at how a casual dinner of CEOs sparked a surge in fried chicken stocks in South Korea. Plus, explore Egypt’s ambitious Grand Egyptian Museum project designed to attract tourists. Stay tuned for insights on upcoming elections and the potential impact of a major Supreme Court ruling.

The discussion kicks off with Apple's stellar earnings driven by the iPhone 17, while Amazon's cloud services see impressive growth. A conversation on the disappearance of pennies raises questions about change practices for businesses. AI-generated music is booming, with a popular platform now valued at $2 billion. Additionally, the trend of GLP-1 drugs is linked to declining obesity rates in the U.S. A humorous mix-up occurs when a British reporter interviews the wrong Bill de Blasio, adding a lighthearted twist.

Big tech companies are ramping up AI investments, with Microsoft doubling its data center footprint and Alphabet hitting $100 billion in revenue. The Fed has cut rates for a second time this year while halting balance sheet shrinkage, causing market uncertainty. A controversial Netflix film challenges the Pentagon over missile defense portrayal. On a lighter note, trends in the fried chicken wars highlight a preference for boneless options, while AI's rise is impacting the animal acting industry. Lastly, many Americans feel guilty for not taking vacation time.

Corporate America faces a wave of layoffs linked to AI and cost-cutting measures. Microsoft partners with OpenAI to enable a profit-driven model for ChatGPT. Meanwhile, Elon Musk introduces Grokipedia, aiming to rival Wikipedia’s editorial approach. In climate discussions, Bill Gates advocates for a softer tone on urgent issues. Lastly, Hurricane Melissa intensifies on its path toward Jamaica, reminding us of the unpredictable forces of nature.