Morning Brew Daily

A new $3 billion JPMorgan HQ aims to bring employees back to the office, sparking discussions about modern work culture. Meanwhile, a daring daylight heist at the Louvre left priceless jewels missing. Walmart's pay raise initiative is spotlighted as a case study of success, while the rise of AI-generated headshots is changing the job market landscape. Expect insights on upcoming earnings, inflation updates, and an entertainment roundup featuring new shows and cultural highlights.

As holiday hiring surges, the struggle for seasonal positions highlights challenges in the job market. Uber introduces quirky digital tasks for gig workers, raising questions about pay and AI's role. Meanwhile, Waymo's partnership with DoorDash sparks debates over delivery tipping. Neil dives into intriguing stats on passport power, a spike in phone thefts in London, and surprising American confidence in practical skills. Plus, a hilarious twist emerges as Chicago's infamous 'rat hole' turns out to be a squirrel's creation!

Austan Goolsbee, President of the Federal Reserve Bank of Chicago, dives into how the Fed navigates the data blackout caused by the government shutdown. He explains the challenges of interpreting labor signals and the slow hiring landscape attributed to AI. Goolsbee emphasizes the essential independence of the Fed from political pressures, warning how meddling can fuel inflation. Listeners get a rare glimpse into the intricate voting process of FOMC meetings and a lighthearted story about teaching on his wedding day.

Hosts dive into Walmart's innovative partnership with OpenAI, revolutionizing shopping through ChatGPT. They highlight the impact of new tariffs on imported lumber and furniture, raising concerns for U.S. consumers. A surprising focus on silver reveals its potential as the most precious metal, driven by industrial demand. The discussion shifts to the music industry, examining how artists use multiple album variants to boost sales and the backlash from fans. Lastly, Instagram's move to PG-13 content and Apple TV's rebranding are explored.

Tensions flare as the US-China trade war reignites, with China's rare earth export controls and tariff threats impacting the markets. First Brands faces a financial crisis, leaving Wall Street on edge due to massive liabilities. Meanwhile, Nobel laureates shed light on the concept of 'creative destruction' in economics. The hosts also discuss inflated coaching salaries, particularly James Franklin’s staggering $49M buyout. Tune in for insights on critical minerals, the effects of a potential government shutdown, and this week's key earnings reports.

Kyle, co-host of the Per My Last Email podcast, brings his insights on the controversial 996 work culture, examining its impact on career growth. He discusses the pitfalls of AI 'workslop' that hampers productivity and emphasizes the importance of using AI as a tool rather than a crutch. The conversation also tackles the stagnant job market labeled 'low-hire, low-fire,' offering strategies for young professionals to navigate it. Lastly, they explore shifting workplace loyalty and the need for companies to invest in employee development.

Concerns are rising about a potential AI bubble, with analysts debating if current tech valuations are sustainable. Meanwhile, a Washington Post review reveals that Amazon Prime Day deals may not offer real savings. The meme stock ETF is making a comeback, reflecting retail traders' influence. Ferrari faces challenges as it cuts EV production outlook amid declining demand and brand value concerns. The podcast also touches on Delta's revenue shifts and Lay's rebranding efforts to appeal to health-conscious consumers.

Flight delays are hitting hard due to a shortage of air traffic controllers, with recruitment issues and long shifts adding to the strain. In a noteworthy shift, renewable energy has now surpassed coal for electricity generation, largely thanks to solar advancements. The WNBA Finals are under the spotlight, but leadership tensions cast a shadow over the excitement. Plus, dive into interesting facts about Cristiano Ronaldo's billion-dollar journey and discover where it's still affordable to live solo in the U.S.

The podcast dives into gold's historic surge past $4,000, signaling shifts in investor sentiment towards safe havens. A 10% stake in Canadian mining firm Trilogy Metals by the Trump administration stirs market frenzy and speculation on future 'Trump Trade' winners. Meanwhile, drama unfolds as Strava sues Garmin, creating anxiety among fitness enthusiasts. California takes a stand against loud streaming ads, improving user experience. Lastly, Tesla prompts mixed reactions with its affordable Model Y launch, while prediction markets gain traction with a hefty investment from ICE.

A monumental multibillion-dollar deal between OpenAI and AMD is set to shake the tech landscape. Meanwhile, political turmoil in France follows the Prime Minister's shock resignation after just 27 days. Deloitte faces backlash for AI errors in a report, leading to a significant refund demand. Craft beer sales continue to wane, as economic pressures mount on mid-sized breweries. Additionally, flight delays surge across the US due to a staffing shortage amid a government shutdown, creating a ripple effect in travel.