Fed Hikes Interest Rates to 22-Year High & Automakers Unite To Build EV Charging Network

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 27 July 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 112: Neal and Toby discuss the Federal Reserve's decision to approve a hike in interest rates to combat inflation that brought them to 5.25-5.5%, which is the highest in 22 years. The guys also recap the Congressional UFO hearing and explain why automakers are banning together to build a electric vehicle charging network to compete with Tesla's. Plus, why one British billionaire was charged with insider trading and Neal shares his favorite numbers. Finally the physics discovery that could change the the landscape of energy. 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, Brew Daily Show. I am Neil Freeman.
0:02.6	And I'm Toby Howell.
0:03.6	On today's pod, interest rates are now at their highest level in 22 years.
0:08.5	But will they go even higher? We'll tell you what J-POW had to say.
0:12.0	And we've got an update on San Francisco's office market that may surprise you.
0:16.7	Then Neil and I will break down yesterday's UFO congressional hearing
0:20.7	before Tommy Lee Jones comes by and asks us to look at a memory eraser device.
0:25.5	Plus, scientists in Korea may have discovered the holy grail of modern physics,
0:30.4	but others aren't so convinced.
0:32.6	It's Thursday, July 27. Let's ride.
0:40.3	So we've heard from so many people that they listen to MBD on their morning commute.
0:44.8	So we want to give a shout out to everyone driving to work right now.
0:48.1	Hope we can keep you company before you pull it into the office parking lot.
0:52.7	Also, I sympathize. Did you know that I used to drive an hour to work?
0:56.2	It's actually crazy. This was before morning.
0:59.5	Before morning. Yeah, I was working in Princeton and I lived in Jersey City.
1:03.8	And I used to get on that turnpike and drive.
1:05.9	It was actually, I say an hour, but it was over an hour.
1:08.8	And what would you listen to?
1:10.2	I would listen to in the morning, it was news and music.
1:14.4	And then on the way back, sports radio. So you weren't a BFA?
1:17.4	You weren't a podcast guy. Yeah.
	...

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