Biden/Trump Debate Moves Prediction Markets & Amazon’s Plan to Take Down Temu and Shein

Morning Brew Daily

Morning Brew

Business News, News, Business

4.4 • 3K Ratings

🗓️ 28 June 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 354: Neal and Toby recap the 1st presidential debate between President Biden and Republican nominee Donald Trump. Then, the Supreme Court rejects the Purdue Pharma settlement that would’ve sent billions to treatment programs affected by the opioid crisis but shielded the Sackler family from any future lawsuits. The right move? Also, Amazon plans to launch its own fast-fashion service similar to Shein to maintain its hold as the top retailer. Next, Al Michaels is the stock of the week and Walgreens is the dog of the week. Meanwhile, a new study suggests that daily multivitamins don’t actually help with longer life. Lastly, the International Space Station has an expiration date and NASA has tasked SpaceX to take out the trash. Download the Yahoo Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. Get your Morning Brew Daily Mug HERE: https://shop.morningbrew.com/products/morning-brew-daily-mug?utm_medium=youtube&utm_source=mbd&utm_campaign=mug Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Options are not suitable for all investors and carry significant risk. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Certain complex options strategies carry additional risk. Investors must review the Options Disclosure Document (ODD): public.com/ODD. See Fee Schedule and Options Rebate & Referral T&Cs: public.com/disclosures. Brokerage services for US-listed securities and options offered through Public Investing, member FINRA & SIPC. See terms of the Options Rebate Program. Rebate rates vary from $0.06-$0.18 and may depend on time of enrollment and number of referrals. Rates are subject to change at any time. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing., member FINRA & SIPC. See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Good morning Brew Daily Show, I'm Neil Freeman and I'm Toby Howell.
0:05.3	Today, do you believe in miracles like the voice about Michael's returning to the Olympics in AI form?
0:11.6	Yes. Then the Supreme Court rejected a Olympics in AI form? Yes!
0:13.0	Then the Supreme Court rejected a major settlement between the makers of OxyContin and the victims
0:18.1	of the opioid epidemic.
0:20.1	It's Friday June 28th.
0:22.0	Let's ride.
0:23.0	The presidential debate happened last night,
0:30.0	and it left Republicans feeling way more upbeat than Democrats.
0:34.4	President Biden tried to attack former President Trump on raising taxes for the wealthy,
0:38.8	abortion, and his recent criminal conviction telling him you have the morals of an alley cat.
0:44.1	But that was overshadowed by Biden's subdued and meandering performance that elevated concerns he
0:49.8	is too old to serve another term. Democrats in panic mode are already huddling up and
0:54.5	considering ways to replace him on the ticket according to reports but he is
0:58.6	unlikely to step aside. And then on the other podium a more composed Trump repeated falsehoods and wild
1:05.0	exaggerations and refused to commit to accepting the results of November's
1:08.3	elections and by the end these two guys were sparring over golf handicaps.
1:12.9	Every conversation between two old guys
1:15.3	inevitably spirals towards talking about golf
1:18.1	and yesterday last night was no different.
1:20.3	But yeah, one way to measure the impact of this debate is how the prediction markets are pricing each candidate's chances at winning the election and there were some major swings last night.
1:29.0	The market is now giving Trump a 61% chance to win with Biden down to just 27% and then interestingly
	...

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