What Biden Dropping Out Means for Markets & The IT Outage That Halted Almost Everything

07/22/24 • 30 min

2 Listeners

Episode 370: Neal and Toby discuss Joe Biden dropping out of the 2024 Presidential race and throwing his support behind VP Kamala Harris. The guys explain how this will impact markets, fundraising, and the significance of Biden releasing the statement on 'X' before anywhere else. Next, the biggest global IT outage ever happened over the weekend after an update from CrowdStrike went wrong and took out airlines, banks, 9-1-1 call centers and much more. Also, 'Twisters' raked it in at the box office and Bruce Springsteen is officially a billionaire. Then a Chinese company is creating AI Avatars to mimic deceased loved ones. And finally, what we are watching for this week.

Checkout https://beehiiv.link/morning-brew-daily and get a 30 day free trial and also 20% off 3 months with code BREW

Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316

Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD

Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow

00:00 - Intro

02:50 - Joe Biden drops out

08:30 - Global IT Outage

14:30 - Winners of the weekend

21:00 - AI Avatars

24:00 Week ahead

Learn more about your ad choices. Visit megaphone.fm/adchoices

Checkout https://beehiiv.link/morning-brew-daily and get a 30 day free trial and also 20% off 3 months with code BREW

Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316

Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD

Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow

00:00 - Intro

02:50 - Joe Biden drops out

08:30 - Global IT Outage

14:30 - Winners of the weekend

21:00 - AI Avatars

24:00 Week ahead

Learn more about your ad choices. Visit megaphone.fm/adchoices

Previous Episode

Meta Investing Billions in Eyewear? & Netflix Keeps Adding Subscribers

Episode 369: Neal and Toby discuss Meta’s interest in buying a stake in Ray-Ban owner EssilorLuxottica, signaling it wants to lead the pack in smart eyewear tech. Then, Netflix adds another 8 million subscribers and continues to show why it’s the king of streaming. Next, the EA Sports College Football 25 video game launches after an 11-year hiatus now that NIL allows college players to profit from their likeness. Plus, small cap companies are the week’s standout stock and Bud Light is the week’s Dog of the Week. Meanwhile, Elon Musk is apparently fed up with California and is taking SpaceX and X to Texas. Lastly, high school students are getting better grades, improving attendance, and engaging with one another in NYC. The school needed to lock up their phones.

Expand your world with Meta AI. Now on Instagram, WhatsApp, Facebook and Messenger.

Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316

Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD

Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow

00:00 - Microsoft outage

2:30 - Meta leans into eyewear tech

07:30 - Netflix keeps its crown

11:15 - College Football (video game) is back!

16:45 - Stock: Small-cap companies, Dog: Bud Light

22:20 - SpaceX moves to TX

25:00 - Lock away the phones

Learn more about your ad choices. Visit megaphone.fm/adchoices

Next Episode

How Kamala Harris Views the Economy & Delta Still Reeling from IT Outage

Episode 371: Neal and Toby discuss how potential Democratic nominee Kamala Harris views the economy and what her policies are. Then, a study on Universal Basic Income backed by Sam Altman wraps up and reveals having some extra cash can really help. Who would’ve thunk it!? Next, Delta is having a hard time recovering from the major IT outage that caused it to cancel hundreds of flights over the weekend. Plus, the FCC is cracking down on phone calls from prisons which have gotten too expensive for inmates. Meanwhile, Toby looks at the uncanny trend of Phillies Outfielder Nick Castellanos hitting a home run every time there’s a major news event. Lastly, the Olympic Village is getting ready for an event that will happen around the clock: feeding all the athletes.

Checkout https://beehiiv.link/morning-brew-daily and get a 30 day free trial and also 20% off 3 months with code BREW

Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316

Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD

Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow

00:00 - Intro

03:00 - Kamala Harris Economics

09:30 - UBI Study

12:20 - Delta Woes

17:45 - Prison Phone Calls

18:48 - Toby’s Trends

24:30 - Olympic Food

Learn more about your ad choices. Visit megaphone.fm/adchoices