Walmart Warns of Tariff Price Hikes & Dick’s Sporting Goods' Risky $2.4B Deal

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 16 May 2025

⏱️ 27 minutes

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Summary

Episode 584: Neal and Toby recap Walmart’s Q1 earnings and how tariffs will likely cause price hikes. Then, Dick’s Sporting Goods acquires Foot Locker for a massive $2.4B that may open the door into international markets. Meanwhile, the Dog of the Week is UnitedHealth Group and the Stock of the Week is Coinbase. Also, Harvard has been unknowingly sitting on top of an original Magna Carta when it thought it was a copy…this whole time! 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 endthecampaign.com for more 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 - Apple Vision Pro on Price is Right 03:15 - Walmart Price Hikes 07:40 - Dick’s Purchases Foot Locker 11:00 - SOW: Coinbase 15:45 - DOW: UnitedHealth Group 19:00 - Magna Carta at Harvard 22:00 - Headlines Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Good morning for Daily Show. I'm Neil Fryman. And I'm Toby Howell.
0:05.0	Today, Walmart is raising prices due to tariffs as the trade war finally hits home.
0:10.0	Then Dick's sporting goods is trying to become Dick's sporting great,
0:13.0	snapping up Foot Locker in a multi-billion dollar deal. It's Friday, May 16th. Let's ride.
0:20.0	Happy Friday, May 16th. Let's ride.
0:24.2	Happy Friday.
0:30.3	Hope anyone who put a meeting invite on your calendar today realizes their error and cancels it immediately.
0:32.5	Okay, here is a question.
0:35.9	How much does an Apple Vision Pro cost? The contestants on a recent episode of the Price is Right, Primetime Edition, were asked
0:40.4	this by Drew Carey, and they answered $1,000, $750, $1,1,2, and $1,270.
0:49.0	That is off by thousands of dollars.
0:52.1	As you all know, since you listen to this podcast, the Vision Pro Virtual
0:55.4	Reality headset retails for $3,500. And when Kerry revealed the true cost, the audience gasped
1:02.7	in disbelief. The clip has since gone viral. Tell me, what's your takeaway? My takeaway is I
1:08.5	would also stink on the prices, right? So no shade to these people whatsoever, but the hits just keep coming for the Applevision Pro.
1:14.8	The Wall Street Journal wrote a deep dive on early adopters of the technology who have now had the device for over a year, and it was tough to read.
1:23.0	Here are a smattering of quotes from the piece.
1:25.5	It's just collecting dutts.
1:27.2	I think I've probably used it four times in the last year.
1:30.1	It's still way too heavy.
1:31.6	I wouldn't recommend anyone buying it unless you're really rich
1:34.5	and you don't know what to do with your money.
	...

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