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The Fox News Rundown

Why Bud Light Can't Shake Its Hangover

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 18 May 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Last month, Bud Light partnered with transgender influencer Dylan Mulvaney to promote the beer’s brand on social media. The branding move sparked a major backlash from Bud Light drinkers, who largely went on to boycott the drink nationwide. Even with weeks past the initial controversy, Bud Light saw its fifth consecutive week of plummeting sales, bringing dismay to the Anheuser-Busch executives who are brainstorming how their brand can recover. O'Leary Ventures Chairman and investor on ABC’s Shark Tank, Kevin O'Leary, joins the Rundown to talk about how brand partnerships can make or break a company, what steps Bud Light must take to recover from this mishap, and why he thinks America's small banks are on the decline. The end of Title 42 has brought increased illegal border crossings, and migrants being received by the U.S. are still being bused to sanctuary cities; however, communities in those cities are speaking up about the negative consequences of migrants taking resources from the people who live there. In New York City, migrants are staying at hotels, police stations, and even school gymnasiums, which has caused parents in those communities to protest about the safety and learning impact on their children. Counties near sanctuary cities are suffering too, says New York’s Rockland County Executive Ed Day. He joins the podcast to explain why NYC Mayor Eric Adams and President Biden are being "reckless" in their push to accommodate migrants and how he is fighting for his county's limited resources. Plus, commentary from FOX Nation host Tom Shillue. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm Tyrus.

0:01.0

I'm Liz Clayman.

0:02.0

I'm Greg Jarrett, and this is the Fox News rundown.

0:06.0

Thursday, May 18th, 2023, I'm Dave Anthony.

0:15.5

It's a brand in distress.

0:18.5

Bud Light sales remain way down.

0:21.6

Even Mr. Wonderful isn't sure how it can recover.

0:24.8

This is worse than New Coke, Old Coke, and it's becoming its own story for the

0:30.7

ages.

0:31.7

I'll be teaching this one at Harvard.

0:32.7

There's no question about it.

0:33.7

We speak with famed investor Kevin O'Leary.

0:36.7

I'm Jessica Brosenthal.

0:38.7

New York City is so overwhelmed with migrants they're using school gymnasiums as shelters,

0:42.7

where parents are now joining county officials in a fight with the city's mayor.

0:46.7

I'm very direct with Governor Huckle.

0:48.7

She needs to take the reins here.

0:49.7

She is the governor of this state.

0:51.7

We need leadership here.

0:53.7

So starting with the top of New York state, we need the governor to tell Mr. Adams he's

0:57.7

not to be doing this anymore.

0:59.7

And I'm Tom Shaloo.

...

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