SCOTUS Weakens Fed Powers & AI Leads Stock Market in H1

Morning Brew Daily

Morning Brew

Business, News, Business News

4.4 • 3K Ratings

🗓️ 1 July 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 355: Neal and Toby recap another big Supreme Court ruling that rolls back a 40-year precedent, known as the ‘Chevron deference’, that could transform the authority of the Federal government. Then, a popular home improvement chain in rural America, Tractor Supply, cuts all its DEI and carbon emission reduction goals thanks to a conservative social media blitz. Meanwhile, the stock market is having quite a first half of 2024, thanks to AI and Nvidia. Then, the weekend’s winner: a new trend on how to entertain yourself during flights; and weekend’s loser: Nike. Also, Redbox parent company files for bankruptcy. Lastly, the news for the holiday week ahead. Expand your world with Meta AI. Now on Instagram, WhatsApp, Facebook and Messenger. Get your Morning Brew Daily Mug HERE: https://shop.morningbrew.com/products/morning-brew-daily-mug?utm_medium=youtube&utm_source=mbd&utm_campaign=mug Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Have a question or need how to advice. Just ask Meta a I whether you want to design a marathon training program or learn what planets are visible in tonight's sky
0:09.3	Meta a I has the answers expand your world with Meta AI.
0:13.0	Good morning Brew Daily Show, I'm Neil Freiman.
0:18.0	And I'm Toby Howell.
0:19.0	Today, how Chicken Soup for the Soul collapsed into a bankrupt fisc.
0:23.3	Then the power of government regulators
0:25.5	just got old yellared by the Supreme Court
0:27.8	after Skodis overturned the Chevron Doctrine.
0:31.0	It's Monday July 1st. Let's ride.
0:34.0	Today is not only the first day of the second half of the year but also a sacred day for baseball fans
0:44.4	it's Bobby Bonilla day. Every July 1st retired third baseman Bobby Bonilla
0:49.2	receives a 1.2 million dollar check from his former team, the New York Mets, even though he hasn't played an
0:55.4	MLB game in over 20 years.
0:57.9	The reason is that back in 2000, the Mets owed Boneya $5.9 million, but instead of taking that cash up front, he worked
1:05.1	out a contract that spreads out 30 million in guaranteed payments through annual
1:09.5	installments from 2011 through 2035, and so July 1st has become an annual celebration of Bonilla's
1:16.7	savvy financial planning and an opportunity to make fun of the Mets.
1:20.3	Let's be honest it should be a federal holiday because you got first day of the second
1:25.5	half the year you have this great day to learn about financial planning and then you
1:29.6	also have that
1:33.0	all the ingredients are there.
1:34.0	Another wrinkled to the Bobby Bonilla deal
	...

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