Historic Wildfires Engulf LA & The Biggest Problem with Cars is... Software?

Morning Brew Daily

Morning Brew

Business, News, Business News

4.4 • 3K Ratings

🗓️ 9 January 2025

⏱️ 28 minutes

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Summary

Episode 493: Neal and Kyle recap the wildfires devastating the Los Angeles area and its neighborhoods and dig into some of the causes and effects from one of the worst wildfires in history. Then, Bill Ackman makes a strong case to privatize Freddie Mac and Fannie Mae. Also, cars becoming too high-tech have a downside: annoying software fixes. Plus, Neal shares his numbers from the week on Chick-fil-A’s lemon squeezing robots, declining red wine drinking, and teddy bears. Lastly, a round up of the biggest headlines of the day. 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. Checkout public.com/morningbrew for more Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Jimmy Carter 02:00 - LA Wildfires 07:45 - Bill Ackman Bets Big on Fannie Mae 12:10 - Car Software Issues 16:50 - Neal’s Numbers 23:15 - Headlines Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Thinking about getting your master's degree, choose a program from a school that prepares you to navigate complex global challenges and create meaningful change in the world.
0:08.7	Georgetown University's McDonough School of Business.
0:11.6	Build your legacy with Georgetown McDuna.
0:13.8	Explore which of Georgetown's 10 business master's programs is the right fit for you at MSB.GGorgetown.edu slash brew.
0:22.2	That's MSB.gortown.edu slash brew.
0:27.7	Good morning, Brew Daily Show. I'm Neil Fryman.
0:30.4	And I'm Kyle Hagey.
0:31.3	Today, the latest on the wildfires that continue to devastate Los Angeles.
0:35.3	And the under-the-radar stock that Bill Ackman hopes will net him a 1,200% return.
0:40.3	It's Thursday, January 9th, Let's Ride.
0:48.3	While the country's focus remains on the fires in California, today the U.S. is also observing a national day of morning and the funeral for
0:55.8	Jimmy Carter, the first former president to live to 100. That means things won't totally operate as
1:02.8	normal. U.S. flags will be flown at half staff starting today for the next 30 days. Post offices
1:08.3	will be closed and most mail won't be delivered. And, Kyle, you don't need to
1:12.0	check your brokerage account because the New York Stock Exchange and the NASDAQ are shutting down to
1:17.2	honor the former president, a tradition that dates back to Abraham Lincoln's assassination in 1865.
1:23.5	Very interesting. I feel like Jimmy Carter would want us trading stocks on today. So we got to look into that. But RIP to President Carter. And I'm not a presidential scholar, but I will say his dedication to Habitat for Humanity and, like, building homes all throughout his life and post presidency is amazing. So thank you, President Carter, for your great service to this country. We start the show in Los Angeles where the wildfires
1:45.0	that started earlier this week continue to run rampant. The Palisades fire that is ablaze on the
1:51.1	seaside area between Malibu and Santa Monica has grown to more than 17,000 acres with very little to
1:57.2	zero containment. It is destroyed at least 1,000 structures, making it the most destructive
2:02.6	ever in L.A. County. In addition to the Palisades Fire, there's at least three other subsequent
2:08.2	wildfires happening, Eden, Hurst, and Brown that are all affecting the L.A. Metro area. Over 100,000
	...

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