US Economy Shrinks 0.3% & Starbucks’ Turnaround Plan Gets Bumpy

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 1 May 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 573: Neal and Toby discuss the latest GDP report and how Trump’s tariffs may have dampened the growth of the US economy. Then, Meta and Microsoft bring good news for their Q1 earnings as their AI and cloud businesses remain strong. Plus. Starbucks CEO Brian Niccol was hoping his turnaround plan would start out hot…but instead, it left investors feeling a chill down their spine with disappointing Q1 earnings. Meanwhile, Neal shares his favorite numbers from The Vatican, ‘Monty Python and the Holy Grail’, and the ‘Minecraft Movie’. 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. Visit https://planetoat.com/ to learn more! Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative and involves a high degree of risk. Cryptocurrency holdings are not protected by the FDIC or SIPC. APY as of 3/18/25, subject to change. *Terms and Conditions apply. 00:00 - Happy May! 02:45 - US Economy Shrinks 07:50 - Meta and Microsoft Earnings 11:30 - Starbucks Earnings Stink 18:00 - Neal’s Numbers 24:45 - Headlines Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	If you're building your portfolio, don't do it alone. On public, you can build a multi-asset investment portfolio of stocks, options, bonds, crypto, you name it. And you can diversify while generating fixed income with public suite of yield accounts, like their high-y-yield cash account where you can earn an industry-leading 4.1% APY. Fund your account in five minutes or less and earn up to $10,000 when you transfer your old investment portfolio.
0:24.6	Head to public.com slash morning brew to get started. That's public.com slash morning brew.
0:29.6	Paid for by public investing, full disclosures, and podcast description.
0:35.0	Good morning brew daily show. I'm Neil Fryman. And I'm Toby Howell. Today, the Starbucks
0:40.1	rebuild isn't going as planned. Should they trade for Janus? Then honey, I shrunk the economy.
0:46.3	US GDP contracted in the first quarter of the year. It's Thursday, May 1st. Let's ride.
1:01.5	Good morning on the first day of May, and honestly, pound for pound, it might be the best month of the year. The Kentucky Derby is coming up on Saturday.
1:06.5	Mother's Day is a couple Sundays from now. The NBA and NHL playoffs get really good. Then later in the
1:12.1	month, Universal Epic Universe will become the first major park to open in Orlando in 26 years.
1:18.5	The French Open and PGA Championship take place for tennis and golf lovers. And three weeks from
1:23.1	tomorrow, Memorial Day weekend kicks off. And the weather, Chef's kiss. I think you forgot the best part
1:29.9	though, Neil. You can say the Justin Timberlake line, it's gonna be May. That's my favorite part.
1:36.3	And that word from our sponsor, Planet Oat. Neil, I was in the morning brew kitchen yesterday and I have
1:40.7	to tell you, I had to throw some bows to get some Planet Oat. You're telling me, I was looking in the fridge for the planet oat oatmeal creamer to pour
1:48.2	in my cup of Joe, and I found it sitting empty in the counter.
1:51.2	That might have been me. Toby. Neil, listen, Planet O is just so good, flavor packed and
1:56.1	delicious. I finished off the brown sugar cookie oatmeal creamer, and my ice coffee has never tasted so good.
2:02.4	And even if you use the rest of that cream, I do have plenty of other oat
2:05.7	options to choose from planted oat extra creamy, planted oat unsweetened.
2:10.2	I actually can't wait for the show to end so I can go try some more.
2:13.2	Just make sure you let me know when you finish one, I plan on using it.
2:16.0	No promises there. Get your hands
	...

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