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Morning Brew Daily

Target Names Former Intern as CEO & Labubu Fever Shrinks…Literally?

Morning Brew Daily

Morning Brew

Business News, News, Business

4.43K Ratings

🗓️ 21 August 2025

⏱️ 28 minutes

🧾️ Download transcript

Summary

Episode 653: Neal and Ann chat about Target’s latest earnings and its hopes of bringing in a new CEO will turn the company around. Also, ESPN's standalone streaming app launches today. Then, the Labubu craze gets smaller…literally, as Pop Mart teases a mini version that sends its stock soaring. Meanwhile, Neal dives into the numbers behind Marvel’s exodus of Georgia, office occupancy comeback in NYC, and recreational reading.  00:00 - Ann Berry is back! 2:40 - Target names a new CEO 7:40 - ESPN’s streaming app is here 11:30 - Mini Labubus cause a frenzy 17:00 - Marvel’s leaves Georgia 19:20 - NYC offices are back 21:00 - Reading is down 23:00 - Sprint Finish! LinkedIn will even give you a $100 credit on your next campaign so you can try it yourself. Check out LinkedIn.com/mbd for more. Submit your MBD Password Answer here: https://docs.google.com/forms/d/1Yzrl1BJY2FAFwXBYtb0CEp8XQB2Y6mLdHkbq9Kb2Sz8/viewform?edit_requested=true  Check out Brew Markets here: https://swap.fm/l/9Qk4z73Z2nEwFiCB4qee    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. Listen to Morning Brew Daily Here:⁠ ⁠⁠https://www.swap.fm/l/mbd-note⁠⁠⁠  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

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0:22.9

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0:28.2

successful campaigns this holiday shopping season and beyond. Head to contentful.com

0:33.1

slash black Friday. That's contentful.com slash black Friday.

0:48.7

Good morning, Brew Daily show. I'm Neil Fryman. And I'm Ann Barry. Today, Target thinks it's found its comeback kid hiring a former intern as its new CEO. And ESPN goes direct to consumer.

0:54.5

What does it mean in the War of the Streamers?

0:56.5

It's Thursday, August 21st.

0:58.5

Let's ride.

1:03.2

And it is so great to have you as my co-pilot today.

1:06.2

And thank you for carving out the time.

1:07.6

You are a busy, busy person.

1:09.8

This week, your new podcast, Brew Markets launched,

1:12.8

giving people headlines and analysis from the day in the stock market. For everyone who just

1:16.9

thought to themselves, uh, yeah, that sounds like something I'd be interested in. Brew Markets is

1:21.4

released every afternoon around 4.20 p.m. Eastern time, including a fresh episode later today.

1:26.8

And I'm about to ask you the question,

1:28.7

everyone dreads during Icebreaker. But I know you'll have a good answer to this. What is a fun fact about yourself? Okay. So I've had many lives, right? I've been, and this is the premise of the podcast. I've been an investor. I've been a CEO. But if you asked me when I was growing up, what did I want to be? I wanted to be Indiana Jones. I wanted to be an archaeologist.

1:45.0

And what happened?

1:46.1

I did not do that.

1:47.0

How did you end up behind this

1:47.9

Mike? Well, many lives. But you know, one thing, I actually did go to Petrie. You know, there's that famous scene where he horse rides. I think it was a temple of doom. I ended up going there and I had this moment. I'm like, wow, that's what it feels like. This is it. I've done it.

1:59.2

That's, we all live vicariously through Hollywood. Well, thanks again for joining us,

...

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