Jobs Report Off By 800K!? & Ford’s $1.9B Pivot Away From EV SUVs

Morning Brew Daily

Morning Brew

Business News, News, Business

4.4 • 3K Ratings

🗓️ 22 August 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Episode 393: Neal and Toby discuss the Bureau of Labor Statistics’ anticipated revision which removed 800,000 jobs from last year’s jobs report. The largest in the last 15 years. Then, the FTC’s plan to ban noncompete agreements in the US has run into a roadblock as a federal judge says, not so fast. Next, Ford once pledged to make big investments in all-electric vehicles but has since reversed course as it scraps its latest EV model plans. Plus, Neal shares his favorite numbers from big banks’ bad deal with Elon Musk, the rise of ‘boommates’, and the super long wait time for US visas. Meanwhile, Starbucks is using its secret weapon that might be able to save slumping sales: the Pumpkin Spice Latte, betch. Visit https://www.massmutual.com/ for all your financial planning needs 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 - Misleading movie reviews 03:00 - Jobs Report Revision 07:50 - Blocked FTC Noncompete Ban 12:10 - Ford EV Spending 17:30 - 'X' Financing Troubles 19:45 - World Cup Visas 21:50 - Boomer Roommates 24:00 - PSL Coming Back Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Good morning Brew Daily Show.
0:03.0	I'm Neil Freiman.
0:04.0	And I'm Toby Howell.
0:05.0	Today Ford walks back its electric vehicle plans as it loses money hand over battery.
0:10.0	Then like a margarita you get at an all-inclusive resort, U.S. employment growth has been watered down.
0:16.0	It's Thursday, August 22nd. Let's ride.
0:20.0	All right, we got to start off with a truly absurd development in the saga of
0:28.0	megalopolis, an upcoming movie 40 years in the making from Godfather
0:32.4	Director Francis Ford Coppola.
0:35.0	Yesterday a megalopolis trailer was released showing nasty quotes from reviewers
0:39.4	about Coppola's other movies such as The Godfather and Apocalypse Now when they first came out.
0:45.0	It was an attempt to show that the negative early reviews for megalopolis and there have been many
0:50.0	were just one
0:53.4	another instance of critics hating a copala movie that would end up being a masterpiece.
0:55.5	There's just one problem.
0:56.9	These quotes seem to be made up out of thin air.
1:00.1	The reviewers never said any of those things about his other movies.
1:04.7	When this was brought to light, Lionsgate said it would remove the trailer, calling it an error
1:09.2	in their vetting process.
1:11.2	How does something like this happen?
1:13.0	Well, I saw a lot of critiques of this, mainly because it's morally wrong to make up quotes,
1:18.0	but also they could have gotten away with it if they decided to cite some obscure regional reporter from a small newspaper, but instead
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Morning Brew, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Morning Brew and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.