Tech Rout Wipes Away $1.1T & Another ‘DeepSeek’ Moment?

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 11 March 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 536: Neal and Toby talk about the tech stock meltdown that results in one of the worst days for the tech-heavy Nasdaq. Then, Canada has elected a new prime minister, former banker Mark Carney, who promises to combat US tariffs. Also, another Chinese AI tool just dropped and some are calling it another ‘DeepSeek’ moment, while others aren’t so impressed. Meanwhile, 5 years ago, the world was transformed by the COVID-19 pandemic and Toby looks at some of the trends that have lasted and some that fizzled out. Lastly, a wrap of other headlines you should know. 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://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow There are risks involved with investing in ETFs, including possible loss of money. ETFs are subject to risks similar to those of stocks. Investments focus in a particular sector, such as technology, are subject to greater risks and are more greatly impacted by market volatility, than more diversified investments. Since ordinary brokerage commissions apply for each buy and sell transaction, frequent trading activity may increase the cost of ETFs. Invesco does not offer tax advice. Please consult your tax professional for information regarding your own personal tax situation. Diversification does not guarantee a profit or eliminate the risk of loss. Invesco Distributors, Inc. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	missions to Mars, driverless cars, AI chatbots, feels like we're already living in the future.
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0:33.2	Good morning, Brew, Daily show. I'm Neil Fryman. And I'm Toby Howell. Today, carnage on Wall Street, as stocks plummeted to their worst day this year,
0:41.7	recession fears are real.
0:43.7	Then who is Mark Carney, the banker turned prime minister of Canada?
0:48.3	It's Tuesday, March 11th. Let's ride.
0:55.8	Five years ago, March 11th, 2020 is a day none of us will soon forget because it was
1:01.5	when you realized, oh, this pandemic thing is really going to shut down the world, isn't it?
1:06.4	On that day, five years ago, the World Health Organization declared a worldwide pandemic.
1:10.9	The NBA suspended its season after Jazz Center Rudy Gobert tested positive for the virus,
1:15.9	leading to mass confusion in the arena.
1:18.4	And Tom Hanks and Rita Wilson posted a photo on Instagram, sharing that they got COVID-19 while in Australia.
1:25.0	Toby, that evening is absolutely seared into my memory. Hard to believe
1:28.8	it's been five whole years. And we're going to take a deeper dive into it with a Toby's trend
1:34.0	later in the show, but I'll add my own personal anecdote as well. Neil, you interviewed me for a job
1:38.9	at the morning brew offices in FI-Dye in late February of 2020. And that turned out to be the last time I set foot
1:45.8	in a morning brew office until we started this podcast three years later. I'm sure lots of people
1:50.4	graduating around that time had a similar experience. Hey, grab your computer. We're going to work
	...

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