Shaky Housing Market Hurting Lowe’s & Gold Has Never Been More Valuable

Morning Brew Daily

Morning Brew

Business News, News, Business

4.4 • 3K Ratings

🗓️ 21 August 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 392: Neal and Toby examine the struggling housing market which is reflected in the latest earnings report by Lowe’s and Home Depot. Then, a roundup of the biggest headlines: What happened to Mike Lynch and the yacht? Disney walks back on its attempt to block the wrongful death suit against them. Alex Cooper gets a big paycheck for leaving Spotify and joining SiriusXM. Meanwhile, gold bars are now worth a million dollars for the first time ever. Next, fewer teens are choosing not to drive which means they’re skipping out on all the car-related expenses. Lastly, a popular video game series for millennials is making a comeback. 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 - Intro 02:30 - Lowe's struggling 06:00 - Sunken super yacht 08:00 - Disney Lawsuit 10:00 - Alex Cooper Podcast Deal 14:30 - Gold prices skyrocketing 18:00 - Teens aren't driving 22:20 - Backyard sports is back 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 Freiman and I'm Toby Howell.
0:04.8	Today putting off your addition is leading to major subtraction at Home Depot and Lowe's.
0:10.6	Then more teenagers than ever are putting off getting their licenses so moms and dads get ready to carpool
0:16.8	It's Wednesday August 21st let's ride
0:29.7	If you might be rocking a hoodie and jeans this morning because it sure feels like fall highs in the 70s no humidity a cool breeze but don't get used to it New York Metro
0:35.3	weather calls this fake fall the season that comes after sweaty moist hellscape
0:40.0	and the one before it should be fall but it's too hot which is what's coming down the pike still I'm going to enjoy this while at last I even had hot coffee this morning
0:48.8	you are a sweater guy at heart see growing up in Florida I want to take you through our seasons so you have
0:54.8	winter which is sunny in 75 spring which is sunny in 85 then you have summer which is
1:00.4	sunny in 1,000 degrees, 10,000% humidity
1:04.0	and then there's fall which is sunny in 77,
1:06.0	but yes, you know,
1:08.0	everyone moves to New York for the weather, right?
1:10.0	Yeah, well, that summer in Florida is why I am never moving there,
1:13.7	even if that spring does sound pretty nice.
1:15.9	Now a word from our sponsor, Mass Mutual.
1:19.0	So we got some athletic morning brew daily listeners
1:22.4	who are into sports, and they know that the most important
1:24.6	part of winning championships is having a superstar on your team.
1:28.9	No, it's defense. Defense wins championships.
1:31.8	Never bought into that, but I guess you do need defense paired with a good offense too.
1:35.6	Gotta put some points up on the board.
	...

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