Wells Fargo Can Grow Again & Google Sounds Alarm on Salesforce Hackers

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 5 June 2025

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 598: Neal and Toby discuss Wells Fargo’s asset cap being lifted after it spent years overhauling its regulatory policies due to abusive tactics against customers. Then, automakers are scrambling to find workaround after China halts rare earth magnets essential to car production. Plus, a Google report finds hackers posing as IT workers have gained access to Salesforce data for extortion purposes. Meanwhile, Neal shares his favorite numbers on Scottsdale, AZ, cannabis among the elderly, and the loneliest paint of 2025. 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. LinkedIn will even give you a $100 credit on your next campaign so you can try it yourself. Go to LinkedIn.com/MBD Terms and conditions apply. Only on LinkedIn Ads. 00:00 - Nintendo Switch Release 03:00 - Wells Fargo Cap Lifted 07:45 - Cars and Rare Earth Minerals 11:50 - Hacking Warning from Google 16:15 - Neal’s Numbers 24:00 - 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
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.
0:35.1	Good morning brew daily show. I'm Neil Fryman.
0:38.2	And I'm Toby Howell.
0:39.1	Today, after seven years of sleeping in the garage, Wells Fargo gets invited back into the house.
0:44.8	Then hackers have been using a sophisticated voice fishing operation to steal customer data from retail companies.
0:51.7	It's Thursday, June 5th.
0:53.5	Let's ride.
0:59.1	Happy Switch to Release Day. Nintendo's highly anticipated follow-up to its best-selling Switch
1:05.3	console, hit websites and stores around the world at midnight. And if you do not have one
1:10.7	in your hands right now,
1:12.0	you might be out of luck. Walmart, GameStop, and BJs have apparently sold out of their
1:16.6	inventory, at least online, but they and targets say they'll have limited stock in physical
1:21.1	stores. Over in Japan, the frenzy is even bigger. About 2.2 million people in that country
1:27.0	alone entered a lottery system to secure a
1:29.9	pre-order.
1:30.9	And that was after imposing rules like you needed to log 50 hours of gameplay on the Switch
1:36.0	to even participate.
1:37.8	Toby, find someone who looks like you the way Nintendo fans look at the Switch too.
1:41.2	They are coming out in droves for this thing.
1:44.0	A verge rider who lives in a town
	...

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