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The Price Is NOT Right | Group Chat News Ep. 864

Group Chat

Group Chat

News, Entrepreneurship, Business

4.81.5K Ratings

🗓️ 13 May 2024

⏱️ 65 minutes

🧾️ Download transcript

Summary

Group Chat News is back and we have some of the hottest stories from the week including the Tom Brady roast, McDonald's is feeling the kickback on their price increases, the US BLS has announced that coffee prices will no longer be factored into CPI inflation data, $2.1 TRILLION of excess savings have been wiped out of the US economy since August 2021, 1 in 24 New York City residents is a millionaire, more than any city, seriously underwater mortgages rise across the country, the $55 billion California wine industry is experiencing its largest and sharpest downturn since the 2008 Financial Crisis, and much more.

Timeline of What Was Discussed:

  • Happy Mother’s Day! (0:00)

  • Recapping the roast of Tom Brady. (4:20)

  • Dee’s experience trying olive oil coffee. (11:33)

  • The consumer is soft. (14:20)

  • Is being a millionaire middle-class? (28:14)

  • No one needs to sell their home. (33:35)

  • Are boomers helping their broke millennial kids? (37:20)

  • Sam Altman on All-In. (50:19)

  • Is wine toast? (58:04)

  • Group Chat ‘Kathy’ Shout Outs. (1:04:32)

Related Links/Products Mentioned

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Transcript

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0:00.0

All right, Cathies, we are back.

0:02.2

Hope you all had a happy Mother's Day.

0:05.4

Yeah.

0:06.4

Happy Mother's Days to my wife, Haley, Amanda, and Mrs. Path.

0:10.5

Yeah, Mrs. Path. And our mom, who's an avid Cathia herself. So happy Mother's Day, what?

0:18.5

We're good. Sorry. We had a, we know, I hope everyone had an incredible Mother's Day and got a time to celebrate and enjoy I always joked about this

0:31.8

Getting a lunch reservation on Mother's Day is impossible.

0:35.1

Getting a lunch reservation on Father's Day is very easy. Very easy.

0:40.3

End of June you're fine.

0:43.0

I mean you could literally get any hot restaurant in the world for Father's Day.

0:49.6

That's unbelievable.

0:50.6

I wonder if in like 10 years now that like

0:54.5

Generally speaking there's why do people hate their dads? I think there's a shift I do I do think there's a shift like a peer research to the study on engagement of like Millennium Fathers is obviously

1:06.0

substantially up from previous generations so I think in 10 years fathers Day will be popping.

1:13.6

Okay.

1:14.6

If you want to make a, if you can make a long bet.

1:17.1

Yeah, on Father's Day, like a long...

1:18.9

If you can book out reservations 10 years out,

1:21.6

I'm betting Father's Day 10 years from now, popping. Like kids who are

1:26.3

six now and then their kids are 16, 17, 18, 19, 20 years old, they're going to make reservations for their dad.

1:34.8

So here's a really interesting thing.

1:38.8

Dominic was adamant this morning to make Haley to make make Haley's favorite breakfast which is French

...

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