US Loses Top Credit Rating & Crypto Wealthy Being Targeted?

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 19 May 2025

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 585: Neal and Toby dive into the latest report from Moody’s that downgraded the US credit rating due to increasing debt and budget deficits. Then, a wave of attacks on the crypto-wealthy is sweeping Europe and parts of the US that has forced individuals to hire bodyguards. Also, New Jersey has seen an increasing share of transit fiascos in land, sea, and air recently, but seems like some headway is made with the locomotive engineers’ union agreeing to end the strike. Meanwhile, big cities got bigger in 2024 and the WNBA season is back with a bang. Finally, what you need to know in the week ahead. 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 00:00 - Joe Biden Cancer Diagnosis 02:40 - Moody’s Downgrades US Credit Rating 06:40 - Crypto Criminals 10:20 - NJ Transit Issues 15:20- Winners of the Weekend 21:10 - Week Ahead Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Does it ever feel like you're a marketing professional just speaking into the void?
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0:26.9	claim your credit. Terms and conditions apply. Good morning, Brew Daily show. I'm Neil Fryman.
0:34.8	And I'm Toby Howell. Today, the U.S. has lost its last AAA credit rating.
0:39.3	Time to panic or shrug.
0:41.3	Then a wave of brazen kidnappings is rocking the crypto industry.
0:46.3	It's Monday, May 19th.
0:48.3	Let's ride.
0:53.3	Welcome back to the week. Sad news has come in about former President Biden, who was diagnosed with an aggressive form of prostate cancer, his office said yesterday.
1:02.3	The 82-year-old's diagnosis is serious with the cancer spreading to his bones and characterized by a Gleeson score of 9, which is how the most aggressive prostate cancers look under a microscope.
1:13.4	The good news is that managing prostate cancer has come a long way in recent years,
1:18.0	allowing patients to live years, not just months, with current treatments.
1:22.3	And Biden's office said his cancer appears to be hormone sensitive, which allows for effective management.
1:27.7	Following the news, lawmakers across the spectrum, including President Trump, former President
1:31.7	Obama, and other Democratic and Republican leaders express their support for Biden on social media.
1:37.3	Yeah, following the diagnosis, former President Obama said,
1:39.8	nobody has done more to find breakthrough treatments for cancer in all its forms than Joe.
1:45.0	And what he's referring to there is the Cancer Moonshot program that the White House announced
	...

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