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Morning Brew Daily

Klarna Losing Millions on "Burrito Loans" & People Love Trader Joe's

Morning Brew Daily

Morning Brew

News, Business, Business News

4.42.8K Ratings

🗓️ 21 May 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

Episode 587: Neal and Toby talk about Klarna’s mounting losses from customers failing to pay off their ‘buy now, pay later’ loans. Then, a Chinese EV battery maker emerges as a winner from the US-China trade war with one of the biggest IPOs of the year. Plus, Axios just released their Harris Poll 100 which shows which brands customers trust the most, and Trader Joe’s tops the list, while Tesla continues to fall. Next, a match to find out who is the best of the worst as Manchester United faces off against Tottenham for a spot in the Champions League.  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. Visit endthecampaign.com for more Listen to Morning Brew Daily Here: https://www.swap.fm/l/mbd-note  Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Palindrome Dates  02:40 - Klarna Woes 07:40 - Chinese EV IPO 11:20 - Beloved Brands 15:45 - Europa League Final $$$ 19:40 Headlines  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Good morning, Brew Daily Show. I'm Neil Fryman. And I'm Toby Howell. Today, Trader Joe's has been ranked the most reputable company in America, but there's one name that sank far down the list.

0:12.6

Then-Clara users are buying now, but they're not paying later. It's Wednesday, May 21st. Let's ride.

0:26.8

Here is some potentially useless information.

0:34.5

Starting yesterday, every date written out in the American format for the next 10 days will be the same backwards.

0:37.0

It's palindromes all the way down.

0:41.5

Tuesday was 52025. Today is 521.25.

0:49.1

Tomorrow is 5225, et cetera, et cetera, until we hit May 30th when the streak will sadly end.

0:55.0

It's not useless, Neil. I'm about to drop this fun fact in every single meeting I have from today until next Thursday when the streak ends. Feels like the universe is telling us to slow down and

1:00.5

reflect, or at least double check the date before signing anything. But I'm already looking ahead

1:06.0

to the next palindromic date on the calendar. I've got March 3rd, 3,033 circled. Let's have a party.

1:14.9

And now a word from our sponsor, Iterable. Neil, you know those conversations with your mom,

1:19.8

but there's a delay on the phone. You say something. They talk over you. You both stop.

1:24.2

Then awkward silence. It's a mess. Unfortunately, I've had many a conversation like

1:28.6

that, and those stop-start convos are what campaign-based marketing feels like, delayed out of sync,

1:34.0

and totally disconnected from what your customer actually needs right now. Interable fixes that.

1:39.3

It replaces outdated marketing calendars with AI-powered moment-based engagement. So when your customer takes

1:45.5

in action, browses, buys, or bounces, iterable response instantly with personalized messaging

1:50.8

across every channel. It's real-time marketing that actually feels real. No delays, no lag,

1:56.3

just seamless, relevant communication that moves at the speed of your customer. The best conversations don't happen on a delay. They happen in the moment. Now remember to go

2:04.9

call your moms and visit end the campaign.com. The collateralized debt obligations that

2:11.7

helped craft the economy in 2008 are back, but this time it's not subprime mortgages going

2:16.6

under. It's burritos. Klarna, the buy now pay later giant said this this time it's not subprime mortgages going under. It's burritos.

...

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