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Morning Brew Daily

Billionaire Summer Camp Kicks Off & FTC Blocks $4B Mattress Merger

Morning Brew Daily

Morning Brew

Business News, News, Business

4.43K Ratings

🗓️ 9 July 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

Episode 361: Neal and Toby preview the annual Sun Valley conference where the biggest names in Tech and Media meet to potentially make deals that could shape the future. Then, Alec Baldwin is set to go on trial for the tragic shooting that occurred while filming on set. Plus, the FTC wants to prevent a merger between two mega mattress companies. Meanwhile, protesters in Barcelona are telling tourists to stay away during a time where Americans are flocking to Europe. Next, Toby looks at the latest trend of ‘luxury’ berries. Lastly, elevators emerge as a new potential scapegoat as to why housing costs have skyrocketed.  Expand your world with Meta AI. Now on Instagram, WhatsApp, Facebook and Messenger. 00:00 - NATO and Fed Chair 2:15 - Billionaire Summer camp kicks off 6:50 - Alec Baldwin on trial 11:00 - Mattress industry shake up 14:20 - Europe loves/hates tourists 17:50 - Toby’s trends: berries 21:30 - Why US elevators suck  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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Have a question or need how to advice. Just ask Meta a I whether you need to summarize notes or create a recipe with the ingredients you already have in your fridge

0:08.3

Meta a I has the answers. Expand your world with Meta AI.

0:13.0

Good morning Brew Daily Show, I'm Neil Freiman.

0:17.0

And I'm Toby Howell.

0:19.0

Today, if you're a tourist in Barcelona, bring your poncho, Protesters have been spraying visitors with water guns.

0:25.0

Then summer camp for billionaires just kicked off in Sun Valley, Idaho.

0:29.0

What deals will emerge between Samoors's making sashes this year.

0:33.4

It's Tuesday, July 9th, let's ride.

0:36.7

Reservations at Washington, D.C.'s finest establishments will be at a premium

0:45.3

tonight because the city is hosting some major events beginning today.

0:49.6

First up, Fed Chair Jerome Powell is heading across town to Capitol Hill,

0:53.7

where he'll testify before the Senate Banking Committee.

0:56.8

He only does this twice a year, so it's a rare opportunity

0:59.9

for investors to hear how he's thinking about possible rate cuts and the economy more broadly.

1:05.0

After getting quizzed by the Senate today, he'll repeat the same exercise tomorrow in the House.

1:10.0

Then President Biden and leaders from NATO are meeting in Washington as well for the next three days to mark the 75th anniversary of the transatlantic military partnership.

1:19.0

Ukraine will be a big topic of discussion and a new plan to coordinate the delivery of equipment and

1:23.8

training for its armed forces will be hashed out this week. It's also a big week for

1:29.4

Biden and his re-election campaign. He'll put together a solid performance to show the U.S.

1:34.3

his allies and the world he's still fit to lead.

1:37.3

You are so right on that restaurant reservation thing.

1:40.2

Gonna be an absolute disaster.

...

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