Fed Holds Rates Steady… Again & Wall St. Loves Meta's AI Vision

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 31 July 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 638: Neal and Toby talk about the latest Q2 GDP report that shows the US economy is groovin’ along. Then, the Fed holds rates steady despite President Trump’s pressure to lower interest rates. Also, Meta excites Wall Street with its big promise of assembling a ‘superintelligence’ AI team. Meanwhile, Build your Range Rover Sport at RangeRover.com/US/Sport 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. Listen to Morning Brew Daily Here:⁠ ⁠⁠https://www.swap.fm/l/mbd-note⁠⁠⁠ Watch Morning Brew Daily Here:⁠ ⁠⁠https://www.youtube.com/@MorningBrewDailyShow⁠

Transcript

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0:00.0	Good morning, Brew Daily Show.
0:04.0	I'm Neil Fryman.
0:05.0	And I'm Toby Howell.
0:06.0	Today, markets have kicked off the most consequential three days of the year.
0:09.0	So far, so good.
0:11.0	Then the surprising substance Brits are rubbing on their windows to stay cool in the summer.
0:16.0	It's Thursday, July 31st. Let's ride.
0:22.9	Hello there, happy Thursday.
0:24.9	Toby and I are recording this Wednesday evening and not early this morning because Morning
0:29.3	Brew is having a disco party to celebrate the company's 10th anniversary, which means that
0:34.2	we're going to talk about GDP, the Fed, and earnings, then head to Funky Town to dance
0:38.4	with our coworkers in a professional manner. Toby, 10 years of morning brew, do you have a highlight
0:44.1	from your time working here? Yeah, my memory from the early years was how funny I thought the
0:48.7	writers were. When I was just a regular reader of the newsletter, I thought you guys were
0:52.4	celebs. I wanted to know everything about the process. When did the writers wake up? When do you finish the newsletter. I thought you guys were celebs. I wanted to know everything about the
0:54.3	process. When did the writers wake up? When do you finish the newsletter? How could you possibly
0:58.8	be this on top of everything? And then I got to see behind the scenes. The answer was basically
1:03.8	Neil doesn't sleep that much. And now we do a podcast and you still don't sleep that much.
1:09.3	But yes, very cool to go from a reader of the
1:11.1	newsletter to a writer of it to now a podcast here. But Neil, you've been here the longest
1:16.2	of basically everyone at the company. What's a memory you have from the early years?
1:19.7	Yeah, I think I've been here eight out of the 10 years. There were just four of us in a
	...

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