Americans Are Spending Like No Tomorrow & Dell Surge Lifts Trump’s Portfolio

Morning Brew Daily

Morning Brew

Business, News, Business News

4.4 • 3K Ratings

🗓️ 29 May 2026

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

#856: Retail stocks are surging thanks to US shoppers continuing to spend, spend, spend (even if it’s squeezing their budgets). Anthropic surpasses OpenAI as the most valuable AI startup. Dell wins a $9.7B Pentagon deal. JPMorgan owes an ex-employee $4.25M for wrongful termination. Finally, Blue Origin’s attempted launch ends in a spectacular explosion (no one was hurt). Learn more at Linkedin.com/MBD Sign up to join our trivia night! https://mbdtrivianight-june2026.splashthat.com/ Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here:⁠ ⁠⁠https://www.swap.fm/l/mbd-note⁠⁠⁠ Watch Morning Brew Daily Here:⁠ ⁠⁠https://www.youtube.com/@MorningBrewDailyShow⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Some follow the noise.
0:03.0	Bloomberg follows the money, whether it's the funds fueling AI or crypto's trillion
0:07.7	dollar swings.
0:09.0	There's a money side to every story.
0:11.4	Get the money side of the story.
0:13.5	Subscribe now at Bloomberg.com.
0:19.1	Good morning, Brue Daily Show.
0:21.5	I'm Neil Fryman.
0:22.5	And I'm Toby Howell.
0:23.5	Today, J.P. Morgan's salami incident is its latest tabloid scandal.
0:27.7	Then on your left, Open AI, Anthropic now has a bigger valuation than its chief rival.
0:33.7	It's Friday, May 29th.
0:35.6	Let's ride.
0:41.8	Good morning and happy Friday.
0:44.1	Anyone catch the spelling bee last night?
0:45.1	N-O?
0:47.2	Well, it was electric.
0:50.3	Trey Parique, a 14-year-old eighth grader from California,
0:55.6	defeated 12-year-old Ishaun Gupta of Jersey City in a sudden death spell-off to win $50,000 in his final year of eligibility. When the heavyweight battle was deadlocked after the ninth round,
1:01.3	the judges declared a spell off, which means these kids had to spell as many incredibly obscure
1:05.9	words as they could in 90 seconds. Shrey nailed 32 of them, the most in a spelloff ever, while Ishaun managed
1:12.5	25. Tobe, in this age of AI, it's nice to know that the kids are still reading books, even if it's
	...

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