The DOJ Goes After Nvidia? & $14B US Steel Deal Could Collapse

Morning Brew Daily

Morning Brew

Business News, News, Business

4.4 • 3K Ratings

🗓️ 5 September 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 403: Neal and Toby discuss the US government potentially blocking Japanese steel company Nippon from acquiring US Steel, who is in desperate need of a bail out as it nears moving its Pennsylvania plant and letting workers go. Then, Nvidia has been dominating the AI industry so much that it’s caught the attention of the DOJ, which has them thinking maybe…there might be some monopolistic malfeasance at-play. Uh oh. Also, Topgolf, the once popular casual golfing venue, is splitting away from Callaway after slumping sales in the last fore! quarters. Meanwhile, Neal shares his favorite numbers from ‘Game of Thrones,’ Caltech’s STEM program, and the US Open. Lastly, the J.Crew catalog is back, baby. 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 01:00 - The new 9-5 03:35 - US Steel Merger in Peril 07:30 - Nvidia vs DOJ 12:30 - Callaway splitting from TopGolf 16:30 - Neal’s Numbers 23:15 - J. Crew Catalog is back Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	This episode is brought to you by Indeed Future Works.
0:03.0	Indeed Future Works is the go-to event for top talent leaders to share their unique perspectives and discover solutions that help make hiring simpler, faster, and more human.
0:12.0	This year, comedian Trevor Noah, yep, the Trevor Noah, is
0:15.3	headlining with a fresh take on equity and hiring and how better work leads to
0:19.3	better lives. Join in on September 26th and help shape the future of work.
0:23.7	Sign up for a free virtual ticket today at indeed Futureworks.com
0:27.6	slash brew. That's indeed Futureworks.
0:30.3	com slash brew.
0:31.8	Good. dot com slash brew.
0:37.0	Good morning Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell.
0:38.0	Today another icon of the 80s is getting a second act in the 21st century why J crew is reviving its catalog.
0:46.7	Then political optics looked to be sinking the deal that was supposed to save US Steel. It's Thursday, September 5th. Let's ride.
0:57.0	Is 10 to 4 the new 9 to 5 on this September 5th 9 5 it looks like workers are
1:08.5	increasingly re-examining the traditional office hours that Dollypart and crooned about and have long been the default in American society.
1:16.2	According to a report from Inrix that analyzed hourly trip numbers from drivers in the US,
1:21.1	average weekday traffic numbers no longer spike as severely
1:25.3	in the early morning and evening periods like they used to. Instead, commuting data is more
1:30.1	spread out throughout the day, suggesting that commuters are going into work later
1:34.2	and leaving earlier. Neil all I know is the 4 a.m. commuting window is still wide open.
1:40.3	We don't encounter barely any traffic. While there has been a decrease in the
1:45.7	morning and evening commute, there's been a huge boost in the midday commute car trips
1:51.2	taken around noon, rose 23% from 2019 to last year.
	...

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