Companies Brace for US Tariffs & Musk Gets Keys to Treasury Dept.

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 3 February 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 510: Neal and Toby dive into Trump's sweeping tariffs on the US’s most significant trading partners, Mexico, Canada, and China, and how the tax could affect the pockets of Americans. Then, Musk gains unprecedented access to the Treasury Department’s payment system as he tries to slim down government spending. Also, the Director of the Consumer Financial Protection Bureau Rohit Chopra has been fired from his position by the Trump administration. Meanwhile, Author Rebecca Yarros and Beyoncé are the weekend winners. Finally, what you need to know for the week ahead. Check out https://wise.com/business for more! 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. 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. 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	When it comes to smart money management, one of the best pieces of advice is how to make your money work for you.
0:05.6	Well, Discover is accepted at 99% of places that take credit cards nationwide,
0:10.3	and you automatically earn cash back on all of your purchases.
0:13.5	That means there's plenty of opportunities to make that money work.
0:16.8	So shop smarter and not harder.
0:18.6	Basically anywhere you go nationwide.
0:20.9	It pays to Discover.
0:22.3	Based on the February 24 Nielsen report, learn more at Discover.com slash credit card.
0:29.3	Good morning, Brew, Daily Show.
0:31.6	I'm Neil Fryman.
0:32.5	And I'm Toby Howell.
0:33.4	Today, Trump launched a trade war, and Canadians are so mad.
0:37.3	They're booing the star-spangled banner.
0:39.3	Then Elon Musk was granted full access to the federal payment system to do some Doze-related cost-cutting.
0:45.3	It's Monday, February 3rd. Let's ride.
0:53.3	Welcome back to the week.
0:55.2	Unfortunately, it looks like we're in for a long spell of cold, dreary weather.
1:00.8	Pugsatani Phil, the all-knowing Groundhog, made his annual weather forecast yesterday at Gobbler's Knob in Western Pennsylvania,
1:07.7	and he saw his shadow, meaning six more weeks of winter. It was Phil's first
1:13.2	forecast as a dad after he and his wife Phyllis welcomed two pups into the family last spring.
1:19.1	But does father actually know best? While Phil is probably a loving parent, he is a piss-poor
1:25.4	meteorologist. His predictions are correct. Only 35% of the time,
	...

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