Americans LOVE to Spend & Why Broker's Fees Are Going On Trial

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 18 October 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 172: Neal and Toby explain the significance of President Biden visiting Israel today and what the implications are of the House attempting to elect a speaker. Plus retail rates are up as Americans love to spend and why real estate brokers may be heading to trial for broker's fees. The guys also take a look at Marc Andreessen's "Techno Optimist Manifesto" and what is United's new boarding protocol? And finally, why one Citi banker was fired for expensing two sandwiches. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD 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	Good morning, BrewDaily show. I'm Neil Fryman and I'm Toby Howell.
0:04.6	On today's pod, the 6% commission you have to pay residential real estate brokers
0:08.8	is under anti-trust scrutiny and it could threaten to upend the powerful industry.
0:14.2	Then Neil, say it with me, never bet against the American consumer because retail sales
0:19.7	from last month just dropped and they were way stronger than expected.
0:24.0	It's Wednesday, October 18th.
0:25.8	Let's ride!
0:31.0	Neil, the Phillies won last night, which is a good thing for you and a lot of Philadelphia
0:35.0	natives.
0:36.0	But it could end up being a bad thing for the American economy.
0:39.9	Over the past 100 years, the surest sign of an oncoming financial crisis has been a Philadelphia
0:45.5	based football team winning the World Series.
0:48.4	So in 1929, the athletics won, great depression hit.
0:51.8	1980 Phillies won, recession hit, 2008, great recession hit.
0:56.4	In 2023, the Phillies are currently two games away from the World Series, recession
1:01.4	question mark, question mark, question mark.
1:03.4	You know, I know you're a Philly fan but for the greater good of the economy, I'm pulling
1:07.0	for the opponents.
1:08.0	No, no, no.
1:09.0	A Philadelphia parade will, in itself, stave off a recession.
1:13.8	So I'm 100% behind this team, they're having so much fun.
1:17.7	The crowd is going wild.
	...

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