4.4 • 2.8K Ratings
🗓️ 2 June 2025
⏱️ 29 minutes
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0:00.0 | If you're building your portfolio, don't do it alone. On public, you can build a multi-asset investment portfolio of stocks, options, bonds, crypto, you name it. And you can diversify while generating fixed income with public suite of yield accounts, like their high-y-yield cash account where you can earn an industry-leading 4.1% APY. Fund your account in five minutes or less and earn up to $10,000 when you transfer your |
0:23.0 | old investment portfolio. Head to public.com slash morning brew to get started. That's public.com |
0:28.4 | slash morning brew. Paid for by public investing, full disclosures, and podcast description. |
0:35.5 | Good morning brew Brew Daily Show. |
0:38.1 | I'm Neil Fryman. |
0:38.9 | And I'm Toby Howell. |
0:39.8 | Today, airlines got exposed for charging solo travelers more than groups for the same exact ticket. |
0:46.0 | Then is AI really going to take your job? |
0:48.9 | One major CEO certainly thinks so. |
0:51.6 | It's Monday, June 2nd. |
0:53.4 | Let's ride. Good morning and welcome back to the week. |
1:01.2 | Apparently the 1% are not feeling 100%. A new report from CNBC stated that rentals in the Hamptons this |
1:08.9 | summer are down nearly a third from the same period |
1:12.0 | in the last few years. The picture is even bleaker at the ultra high end of the market, |
1:16.8 | where the Hampton's rental business is down between 50% and 75%. The lower demand has prompted |
1:22.6 | some listings to lower their prices by 10 to 20% to save their summer. |
1:30.0 | Toby, either this is a sign of economic uncertainty, |
1:33.8 | or everyone is finally realizing the Jersey Shore is just better. |
1:39.0 | Or you put on your meteorologist hat and realize that it's been cold and rainy in May, |
1:42.0 | so maybe people are just delaying their vacations a little bit. |
1:45.9 | I tend to think that maybe it also could be a recession indicator, though, because the demand is just simply not there. And if you zoom out to the broader |
1:50.4 | second home market, homebuyers took out just 86,000 mortgages for second homes last year per Redfin. |
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