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Fed is Out to Lunch | Group Chat News Ep. 767

Group Chat

Group Chat

News, Entrepreneurship, Business

4.81.5K Ratings

🗓️ 4 May 2023

⏱️ 71 minutes

🧾️ Download transcript

Summary

Today, Drama, Dee, and Anand discuss the latest moves by the Federal Reserve, as they raise rates and signal a potential pause. They also delve into Apple's new high-yield savings account, which reportedly attracted $1 billion in deposits in just four days, and the troubling news that Bud Light sales are down 26 percent compared to a year ago. Additionally, they cover lawmakers urging the SEC to crack down on Chinese retail giant Shein over alleged forced labor and an app promising to let you "shop like a billionaire." But is there a catch? Tune in for this week's Winners, Losers, and Content!

- written by ChatGPT

Timeline of What Was Discussed:

  • Is J Powell determined to f*** the economy? (2:41)

  • “If you're not the brand, keep it in the fairway.” (33:42)

  • Let American companies play on an even playing field. (46:16)

  • Did social media break democracy? (52:42)

  • Winners, Losers, and Content. (58:33)

Related Links/Products Mentioned

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Transcript

Click on a timestamp to play from that location

0:00.0

Hey guys, welcome to group chat. It's our new schedule. It's Wednesday. It's perfectly in the middle of the week and

0:07.5

We're ready to go. We got a lot. We actually have too many topics today. So

0:12.1

We're cruising through it, but I mean there's a lot to talk about all three on the episode

0:17.0

Yeah, we're all three here. We're doing our part. Jay Powell has hit the stage

0:22.8

We got to talk about it

0:24.8

Yeah, and then we'll squeeze in

0:27.8

Put me in a bad mood, but you know what puts me in a good mood is we have the hottest brand on the planet. Yeah, we do chat merch

0:35.1

Shout out to Eric Deluxe

0:37.4

He's crushing it. Yeah, shop new republic dot com you can get all the hot styles hoodies hats

0:47.3

Camo hat that drama's gonna be rocking on the next episode. Yeah

0:51.5

It really does look like a hot new streetwear brand like it you know when you see it you don't think podcast merch

0:57.1

No, not at all really proud. I said this before like first time friends have asked me for something

1:02.9

Yeah, we can send free stuff to a lot of friends. No one asked me for years. That's true

1:07.9

That's how you know every now and then that happens and that's how you know you got a special one

1:13.4

So shout out to Eric for designing that go to shop new republic dot com. It's all up there

1:19.0

And support it, you know like if you

1:21.8

If you like the pod and you like the merch obviously we know how to do merch

1:25.3

But we're kind of trying to see

1:28.0

What the demand is what the interest is so if you like it if you listen to the pod go grab something and that will tell us that we need to design a lot more

1:36.4

and keep the

1:38.4

Keep the stuff coming so

1:40.4

And Eric's actually printing this manually

...

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