The Fed’s Rift Over Rate Cuts & Mamdani Wins NYC’s Mayoral Primary

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 25 June 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 612: Neal and Toby recap Fed Chair Jerome Powell’s address to Congress, throwing cold water on any hope for a rate cut, but some officials are beginning to break rank. Then, Zohran Mamdani wins over Andrew Cuomo for NYC’s Democratic mayoral primary. Meanwhile, conflict in the Middle East and Eastern Europe has forced flights to fly around those regions, causing a spike in costs and danger. Also, the wedding of Jeff Bezos and Lauren Sanchez has caused quite a stir for the people of Venice who are trying to rain on his special day. 00:00 - It’s very hot in the East Coast 3:20 - Zohran Mamdani wins NYC’s mayoral primary 8:00 - Dissension within the Fed 11:30 - Planes fly around war zones 16:45 - Bezos’ wedding woes 21:00 - Sprint Finish! Check out https://domainmoney.com/mbdaily and start building your financial plan today We are current clients of Domain Money Advisors, LLC (Domain). Through Domain's sponsorship of Morning Brew Daily, we receive compensation that included a free plan and thus have an incentive to promote Domain Money. 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	You wouldn't put your cash register in one store and your products in another, would you?
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0:05.8	Exactly.
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0:32.3	slash debit card. Black Inc. is a financial services platform and not an FDIC insured bank. Square debit card is issued by Sutton Bank, member FDIC, pursuant to a license for MasterCard.
0:48.8	Good morning, Brew, Daily show. I'm Neil Fryman. And I'm Toby Howell.
0:53.3	Today, Jeff Bezos's wedding in Venice is getting people angrier than when a best man speech runs over 10 minutes.
0:59.5	Then mayoral candidate Zoran Mamdani pulled off one of the biggest political upsets in New York City history last night.
1:06.0	It's Wednesday, June 25th.
1:07.9	Let's ride.
1:20.1	If you're like me, every single one of your meetings over the last few days has started with five minutes of chatting about how hot it is.
1:23.5	And it's entirely justified.
1:25.2	A heat dome over the East Coast has set June records for a bunch of major cities.
1:29.8	Yesterday, Boston hit 102 degrees, the hottest it's ever been in June.
1:34.9	And Providence, Rhode Island, reached 100 degrees.
1:37.5	Newark was 103 tying a June record.
1:40.3	And Philly notched 100 degrees for the first time since 2012.
1:44.0	If there's any silver lining about this, it's that the humidity has been relatively low.
	...

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