Warren Buffett Plans His Retirement & Welcome to SpaceX City?

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 5 May 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 575: Neal and Toby discuss the news of Warren Buffett announcing his retirement that’s happening at the end of the year and who will be replacing him. Then, Starbase, the SpaceX rocket-building city, becomes official in the eyes of voters. Also, Marvel sounds the alarm that’s led to Kevin Feige to step in and clean up the mess from recent box office flops. Meanwhile, the stock market and anti-venom are the weekend’s winners. Finally, what you need to know in the week ahead. 00:00 - Cinco de Mayo! 2:45 - Warren Buffett is retiring 7:20 - Starbase, USA 10:45 - Marvel overhaul 17:00 - Winner: Stock market 19:00 - Winner: Anti-venom breakthrough 22:30 - 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. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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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
0:23.0	old investment portfolio. Head to public.com slash morning brew to get started. That's public.com
0:28.4	slash morning brew. Paid for by public investing, full disclosures, and podcast description.
0:34.8	Good morning brew daily show. I'm Neil Fryman.
0:37.9	And I'm Toby Howell.
0:38.7	Today, Warren Buffett is stepping down as CEO of Berkshire Hathaway after making a lot of people a lot of money.
0:45.3	Then Elon Musk's rocket base in South Texas has gotten so big.
0:49.4	It's officially become its own city.
0:52.0	It's Monday, May 5th.
0:53.6	Let's ride.
0:59.4	Good morning and happy Cinco de Mayo.
1:02.3	When you're out sipping a spicy margarita later, do not tell anyone it's Mexico's Independence Day.
1:07.7	That's in September.
1:08.9	Cinco de Mayo commemorates the defeat of French forces by
1:11.8	the Mexican Army at the Battle of Puebla in 1862 and is mostly celebrated now in the United States
1:18.5	by people of Mexican descent honoring their heritage. Of course, beer companies have a lot to do with
1:23.8	its popularity. In the 1980s, they began to leverage Cinco de Mayo in marketing campaigns,
1:29.3	turning it into an unofficial national drinking holiday. Yeah, now Mexico accounts for about 30% of all
1:35.5	global beer exports and ships more than double the amount of beer as any other country.
1:40.1	And of course, a lot of that beer ends up across the border. 97% end up in the United States.
1:45.8	And Modelo is the top selling beer in America, not the top Mexican imported beer, the top
1:51.2	beer in America where it's been since it's surpassed Bud Light back in 2023.
	...

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