US Says Maybe It’s Time to Break Up Google

Episode 388: Neal and Kyle review the latest inflation report which shows a promising downward trend that could seal the deal for a Fed rate cut. Then, US courts ruled Google is a monopoly and wants it to either open its data to its rivals, or break up the company. Next, a man is trying to sue Disney after his wife had a fatal allergic reaction at Disney World, but the company says he can’t because of his Disney+ account. Also, Neal shares his favorite numbers this week on the Mars $36B mega deal, online sports betting, and mini farm animals. Lastly, Millennials are actually wealthier than ever thanks to skyrocketing home values.

00:00 - Google remote
3:00 - Inflation easing up
7:30 - Is Google a monopoly?
12:50 - disney
17:00 - Mars mega merger
18:50 - Sports betting not good?
21:00 - Mini goats are on the rise
23:20 - Millennial wealth doing well

#inflation #economy #tech #ai #google #antitrust #disney #lawsuit #streaming #millennials #wealth #housing #realestate #merger #snack #ozempic

Morning Brew Daily, a daily talk show that covers the latest news on business, the economy, and everything else, with Neal Freyman and Toby Howell. Witty, informative and everything you need to start your day. Available on all podcasting platforms and Youtube.

[abcsofai]

The sheer excitement Neal had from hearing "Breaking up Alphabet from A to Z" was amazing! Dad jokes next level!

[samsonlarge]

The guy only asked for 50K are you kidding me?! Fuck Disney.

[fayez]

"welcome to Neal's numbers" -- that felt a little anticlimactic without Toby😅

[ProBro]

We get Kyle and Neal’s Numbers today?! Life is good

[SonoranSol]

Any cross-comparison between generations will be incomplete until the lifetime of the generations compared are over.
My opinion based on other studies, using home ownership to indicate wealth for millennials shows a lack of understanding. Housing wealth is a red herring. It doesn't easily translate to an increase of buying power, and likely you can't do anything with that equity right now because risk of default without savings to see through events such as job loss, injury, spousal death, etc. (millenials and younger have very little savings). Also, those housing figures are ephemeral and could drop. The better indicator is to look at wages and buying power, and we are facing a time when a single income maintaining a household is less likely for anyone that hasn't progressed higher than a bachelors, when this was not the case for previous generations.

[justanerd]

It's almost amusing how we are excited that inflation has slowed down. We're all still paying much more than we were last year for food but we should be happy the costs are finally slowing? Very silly, we should be striving to reduce consumer costs since wages did not increase at a similar rate.

[DualDier]

Kyle we gotta stop meeting like this or people are going to start talking! Let's Ride!

[BATISTAW]

To say that price increases on food are a thing of the past seems to completely miss the point that although they aren't CONTINUING to rise, they certainly have not come down to the levels they were pre-COVID or even coming right out of it. That's the problem with how these reports are generated. Instead of looking at M-O-M or Y-O-Y, they need to start doing it on a 5-Year basis. Better yet, let's make it a 4-year basis to align with how the economy has really done after each administration. Hell, I would even settle for 3-years!

The older I get, the more evil I see coming from Disney. I think they should ask for summary judgement for this case, just based on the ridiculousness of Diney's legal argument and award the man, $1M - AT LEAST!

[DebraHoffstetter-bx]

Just listened to Morning Brew Daily, and I must say, the dynamic duo of Neal and Kyle is my new morning brew of choice ☕️. They had me informed, entertained, and laughing before my second cup of coffee! Who knew news could be this much fun?" and I don’t even drink ☕️

[Big_X_Da_Outlet]

The last story feels a bit off...with wealth inequality being at an all time "millennial wealth" seems misleading even with the graph and numbers implying any one generation at this point is thriving when most are just getting by.

[sk]

Normally, I listen to your whole podcast daily as I do my morning walk with my dog. But lately, I stopped listening -- at the point where you guys say something stupid. Yesterday, you did not even try to sound non-partisan about Trump. Even the "All-in" podcast which isnt daily tries to pretend to be non-partisan. Today, you guys said, "Inflation is gone." I was just shocked that you even said that. You mentioned the price of eggs going up 5%. So if in inflation is gone, did your salary or income rise up to meet the higher cost. Or did the price of eggs drop down to below precovid levels? I dont think either of you really go grocery shopping and pay close attention to the prices. Precovid, a bunch of green onions prices were 3 bunches for $1. Now you can even buy one bunch for under $1. You need to change up the perspectives on your reporting to have an internal contrarian. The guys on "All-in" have 4 guys who bounce off each other so that when one of them says something a bit stupid they others on the show will call them out. At least I was listening to you guys on a daily way to at least get a daily summary of the news. But when you guys say something stupid without the 2nd host being there to call the other person out, then your podcast loses my loyal ears.