The Pro Sports Move Costing DC Billions & 'Nerds' Candy Sweet $500M Business

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 14 December 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 213: Neal and Toby explain why Washington DC's pro sports teams are moving to Northern Virginia and the financial implications it will have on both regional economies. Plus, Tesla recalls 2 million vehicles and access to a key abortion drug heads to the Supreme Court. Neal shares his favorite numbers and ChatGPT is paying a mass media company to use it's content. Finally, Nerds Candy has exploded from being worth $50 million to $500 million. 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 Howl. Today, why Tesla is recalling nearly every vehicle it's ever made in the U.S.
0:10.0	Then DC Sports Fans, Shield Your Eyes, because it looks like your sports arena is heading to Virginia.
0:16.4	It's Thursday, December 14th. Let's ride.
0:19.7	I'm giving everyone permission to open up their brokerage account this morning
0:27.6	because hot dang stocks are ripping. The Dow closed at an all-time high.
0:32.8	Apple closed at an all-time high.
0:34.8	It was just a euphoric day all around.
0:37.2	And we have the main man, Jerome Powell to thank
0:40.7	at the Fed's last meeting of the year yesterday.
0:43.1	Powell left interest rates steady and gave his clearest signal yet that rate cuts were coming
0:48.3	in 2024 after a year and a half of historic increases.
0:52.1	It is an indication that the Fed no longer thinks inflation is public enemy number one
0:56.9	and it believes it's pulled off the once unthinkable soft landing, bringing inflation down
1:01.8	from 9% without sending the economy into a recession, and
1:05.2	traders all across the globe rejoiced.
1:08.3	Rejoiced is an understatement.
1:09.5	You should have seen Twitter yesterday.
1:11.2	Just every stock chart was posted up into the right so I mean I haven't
1:15.4	checked my portfolio in a little bit, Neil. I think you should this morning. It's not going to get
1:19.5	better than it is now. Oh, that's for sure. Okay, before we jump into the news, quick shout out to our friends over at Yahoo Finance.
1:27.0	As we already mentioned, the Dow hit an all-time high yesterday and you know what we say.
1:31.5	It's a whole lot more fun checking your portfolio when the numbers are going up.
	...

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