Wall Street Battles Banker Burnout & Is OpenAI Really Worth $150B?

Morning Brew Daily

Morning Brew

Business News, News, Business

4.4 • 3K Ratings

🗓️ 13 September 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 409: Neal and Toby discuss Bank of America's and JPMorgan’s latest efforts to curb young bankers’ hours after increased scrutiny of Wall Street’s history of burnout. Then, Boeing’s new CEO Kelly Ortberg is begging its union to accept a deal to avoid a potentially catastrophic strike for the embattled company. Plus, OpenAI is looking to raise another $6.5B to bring its valuation to a whopping $150B as it launches a new model that is better at “reasoning.” Next, the once sought after gaming industry has faced a tough string of layoffs that is making it lose its luster. Meanwhile, Apple wants to tap into the health industry, starting with its AirPods that now be used as a hearing aid. Lastly, ever wonder what the National Security Agency is up to? Now the confidential agency is airing out all its dirty laundry with the launch of its own podcast. Juicy. 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://www.massmutual.com/ for all your financial planning needs Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316 Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Friday the 13th 02:30 - Bankers Hours Capped 07:15 - Boeing Strike 10:30 - OpenAI $150B Valuation 16:20 - Gaming Industry Layoffs 20:05 - AirPods as Hearing Aids 23:15 - The NSA Launches a Podcast 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 Howell.
0:05.3	Today if it was even possible Boeing's year just went from bad to worse after 33,000 workers just went on strike.
0:13.2	Then you will not believe which government agency just launched a podcast.
0:18.4	It's Friday, September 13th.
0:20.3	Ooh! let's ride. It is Friday the 13th, spooky.
0:27.0	We all have our superstitions, but fear of the number 13 Triskadecophobia is one of the most
0:37.5	influential in society, so influential in fact that the vast majority of New York High Rise Apartments do not have a floor 13 labeled
0:46.2	According to the New York City Department of Finance just 13.5% of New York condos with more than 13 stories have a 13th floor address.
0:55.9	They just skip it and call it 14.
0:58.3	Toby, would you be freaked out if you were living an apartment 13F?
1:02.3	I mean, I think I'm a little Triskidekofobic.
1:05.8	Definitely go out of my way to avoid 13s.
1:08.1	I never stop the microwave at 13 seconds.
1:10.8	Also, never leave the TV volume at 13 either. So in my head I know it's
1:15.3	fine but my heart tells me not to do it. I'm not alone either. A recent Gallup
1:20.1	poll asked if Americans would be bothered if they were staying on the 13th floor of a
1:24.5	hotel and get this. Exactly 13% responded saying it would bother them. That to me is
1:32.2	spooky. Now let's take a moment to hear from our
1:34.8	sponsor Mass Mutual. Neil, I've got to admit something one time in college
1:39.6	our communal dorm faucet was leaking and I tried to fix it with painter tape.
1:44.8	spoiler alert it did not go well.
1:47.1	Painter tape Toby that was your go-to solution did you flood your haul
	...

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