Elon is $20B Richer After the Election & TGI Fridays Owes $50M in Gifts

Morning Brew Daily

Morning Brew

Business, News, Business News

4.4 • 3K Ratings

🗓️ 7 November 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 448: Neal and Toby continue discussing the aftermath of Trump’s return trip to the White House, starting with Elon Musk, who just got a generous wealth bump after Tesla stocks jumped. Then, Harris calls Trump to concede, more stock market reactions, the latest on the House, and how polls got it wrong. Next, M&As may be getting a resurgence after Trump vowed to remove regulatory red tape under his administration. Plus, it’s Neal’s Numbers on economy as the No. 1 issue, Polymarket payout, and TGI Friday’s potential gift card bomb. Lastly, more headlines you should know about 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. Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316 Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Presidential Transition 02:50 - Elon Musk $$$ Gains 08:30 - CEOs Praise Trump Win 09:40 - State of the Stock Market 11:00 - M&A Regulation 17:00 - Neal’s Numbers 24:00 - Headlines 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 Fryman.
0:04.0	And I'm Toby Howell.
0:05.0	Today, just how friendly to business will a second Trump presidency be?
0:09.0	Then how Elon Musk stands to cash in from his seat at the government table.
0:13.0	It's Thursday, November 7th. Let's ride.
0:20.0	Well, we are officially in a transition period between administrations.
0:24.7	Kamala Harris conceded her election loss yesterday, addressing supporters at Howard University,
0:30.1	her alma mater, and where she hoped would be the site of her victory speech.
0:34.2	She spoke about the importance of a peaceful transition of power and also said she talked on the
0:38.7	phone to the president-elect Trump to congratulate him on the win and formally concede the race.
0:44.0	Yeah, now there is a 75-day transition period where Trump and his group of allies is going to
0:51.1	need to create essentially an entirely new government and higher
0:54.4	4,000 government positions to fill his cabinets and things all the way down.
0:59.8	Last time in 2016, that transition was led by the former New Jersey governor, Chris Christie,
1:06.0	before Trump and Christie had a falling out.
1:07.8	Then he gave it to his future vice president, Mike Pence.
1:10.2	This year's transition co-chairs are the CEO of Canter Fitzgerald Howard Lutnik, who's been a big
1:15.9	Trump supporter and the WWE mogul Linda McMahon.
1:20.0	It's truly becoming the wrestling White House at this point. Now a word from our sponsor, Yahoo Finance.
1:26.6	So we know that there is probably a lot of scrolling out of you all in the last few days, lots of screen time.
1:31.8	And we get it.
1:32.4	This is a time where social media can be a bottomless pit devouring minutes and hours without even realizing it.
	...

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