Stock Market Surges After 'Aggressive' Fed Rate Cut & Costco Launches New Product…Housing?

Morning Brew Daily

Morning Brew

Business, News, Business News

4.4 • 3K Ratings

🗓️ 19 September 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 413: Neal and Toby recap the Fed’s decision to make an aggressive cut by 50-basis points and how the stock market reacted. Then, a deadly attack in Beirut caused by exploding pagers has everyone wondering why these pagers are connected to Taiwan. Next, Snap launches their latest AR glasses that are built for developers. Meanwhile, Neal shares his favorite numbers from Norway EVs, Costco housing, and Real Madrid’s noisy stadium. Lastly, the once iconic Tupperware brand files for bankruptcy. 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. To learn more about how Wise could work for your business, visit https://wise.com/business 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 - Toy Hall of Fame 02:40 - The Fed cuts rates 08:10 - Pager explosion supply chain 12:45 - Snap AR Spectacles 17:45 - Norway EVs 20:00 - Costco housing 23:00 - Spain concert venue fail 26:00 - Tupperware bankruptcy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Born with 300 bones, 10,000 taste buds, and the ability to make you smile in an instant.
0:08.0	Babies development fascinates us.
0:11.0	That's why SMA nutrition has been pioneering baby nutrition research
0:15.6	for over 100 years. We believe that breast milk is best for babies and breastfeeding
0:21.3	should continue for as long as possible.
0:23.8	We also understand everyone's journey is different.
0:27.0	SMA follow-on-on- Milk is the babies over six months as part of a varied weaning diet not intended to replace breastfeeding.
0:34.4	SMA Nutrition, pioneering baby nutrition since 1919.
0:40.0	Good morning Brew Daily Show.
0:43.7	I'm Neil Freiman.
0:44.6	And I'm Toby Howell.
0:45.5	Today, a first of its kind housing development just broke ground in LA,
0:49.5	and it involves a Costco and a rooftop pool.
0:52.6	Then Jerome Powell signaled a new era for the US economy
0:56.0	announcing the medias of interest rate cuts.
0:59.3	It's Thursday, September 19th.
1:01.1	Let's ride.
1:09.4	The battle for toy supremacy has reached levels Pixar could never dream of yesterday the National Toy Hall of Fame released the 12
1:14.6	finalists under consideration for entry into the Hall of Fame which includes
1:19.4	first-time contenders the Trampoline apples to apples and balloons. Other toys hoping to
1:25.2	get enshrined are hest trucks sequence phase 10 the Pokemon trading card
1:29.9	game and Transformers action figures. Toby, I am making you an honorary committee member for the Toy Hall of Fame.
	...

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