Why Companies Do Layoffs Before the Holidays & Disney's Board Battle

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 15 December 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 214: Neal and Toby look at the recent layoffs from Cruise, Hasbro and Etsy and explain why companies announce layoffs just before the holidays. Plus, there's a board battle brewing at Disney and Starbucks doesn't run the coffee show in China anymore. The guys share their stocks of the week and why the rental market in the US may finally be favoring tenants. Finally, what business lessons can we learn from Willy Wonka? Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Get the 2024 Money with Katie Wealth Planner: moneywithkatie.com/wealthplanner 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.
0:03.0	And I'm Toby Howell.
0:04.0	Today, why are so many companies laying off workers right now?
0:08.0	Then the new Willy Waga movie is out.
0:10.0	So we're going to break down the business savvy of the greatest
0:13.0	chocolatier of our generation. It's Friday, December 15th. Let's ride.
0:18.0	This was
0:25.0	found running the tracks of Penn Station of Newark, New Jersey yesterday,
0:29.0	causing a 45 minute train delay and sparking a great deal of curiosity. How did a bull wind up at a
0:34.3	train station in Newark? Toby you know I did some digging to try to find out where
0:38.7	this bull came from. I know it wasn't a nearby farm because there aren't any
0:42.3	near Newark.
0:43.6	My first thought was a PBR event at the Prudential Center that also wasn't true.
0:48.6	The Red Bulls who play right around the corner don't have a mascot either and it wasn't Chris Christie trying
0:54.3	another way to sabotage commuting into New York City. So my going hypothesis
0:58.3	right now is that it came from a passing freight train that was transporting cattle.
1:02.3	My going hypothesis is that it's an absolute sign
1:05.8	that we're in a bull market right now.
1:07.4	I did think it was funny yesterday
1:08.9	that everyone on Twitter was reacting and saying,
1:11.6	this is a sign from everybody by everything in sight.
1:14.8	These are the same people who look down on astrology people and say, oh, these signs, they don't
	...

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