The Dow Hits 40k For First Time Ever & Walmart Is the King of Retail

Morning Brew Daily

Morning Brew

Business, News, Business News

4.4 • 3K Ratings

🗓️ 17 May 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 325: Neal and Toby recap the latest Supreme Court decision to spurn an attempt to take down the Consumer Financial Protection Bureau. Then, the Dow Jones Average hits a new milestone signaling Wall Street’s unyielding confidence in the market. Plus, the United Auto Workers union continues its campaign in Alabama where it’s looking to unionize Mercedes-Benz workers. Next, TWO stocks of the week: Walmart remains king of retail and Chubb has the Buffett stamp of approval. Meanwhile, two brothers were arrested for stealing $25M in crypto at lightning fast speed. Lastly, a humble taco stand in Mexico receives a Michelin star. Visit https://www.sage.com/morningbrew for more! 00:00 - Uber CEO interview now! 2:00 - Supreme Court rules in favor of CFPB 5:50 - Dow Jones milestone 10:00 - UAW takes on Mercedes-Benz 13:50 - Stocks of the week: Walmart and Chubb 19:20 - Crypto hackers caught 22:00 - Michelin starred taco stand Get your Morning Brew Daily Mug HERE: https://shop.morningbrew.com/products/morning-brew-daily-mug?utm_medium=youtube&utm_source=mbd&utm_campaign=mug Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD 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	Good morning Brew Daily Show, I'm Neil Freiman and I'm Toby Howell.
0:05.2	Today the Dow hits 40,000 points and we're going to talk about it because round
0:10.1	numbers are sweet.
0:11.8	Then what is this mystery stock that Warren Buffett has been
0:14.4	buying up in secret over the past three quarters? It's Friday, May 17th. Let's
0:19.5	ride. side. CEO of Uber, Dara Kuzrushahi.
0:32.8	We published the episode and from the YouTube comments
0:35.3	to LinkedIn messages to just overall downloads,
0:38.0	you all showed it and us a ton of love,
0:40.5	and we appreciate that.
0:41.6	If you haven't gotten to it yet,
0:43.4	it makes for some perfect weekend listening.
0:45.6	Yeah, pop those headphones in,
0:46.9	maybe if you're taking an Uber to the bar
0:49.7	or the airport, toss it on because, well, it's pretty cool to listen to the CEO talk
0:54.6	about something as you're using the product so definitely check it out and let us
0:58.6	know what you think we'd love to hear your feedback now let's hear a word from
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1:08.1	It recently rolled out an AI that goes beyond just automating routine tasks like invoice management.
1:13.6	It also gives you a real-time view of your business.
1:16.6	So if suddenly I stopped podcasting tomorrow and opened my own little coffee shop, Sage could
	...

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