Morning Brew Daily - Elon Wins $46B Pay Package & Why Disney Needs 'Inside Out 2’ Not to Flop

Episode Date: June 14, 2024

Episode 344: Neal and Toby chat about Elon Musk finally getting the votes from Tesla shareholders for his $46B pay package and moving the company to Texas. Then, two big Supreme Court decisions that could shape the future of unions and abortion medication. Also, ‘Inside Out 2’ comes out and Disney Pixar is hoping this sequel will return its animation mojo after a string of duds. Plus, Apple is this week’s stock of the week while Nathan’s Hot Dogs is the dog of the week. Meanwhile, Wells Fargo fires employees after suspecting they’re pretending to be at work with the help of a clever mouse device. Lastly, the Euro 2024 football tournament returns brings excitement across Europe while the host country, Germany, is making sure everybody plays nice.  Download the Yahoo Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. 00:00 - Father’s day 2:00 - Elon Musk wins $46B pay package 6:00 - Supreme Court big decisions 10:15 - Disney needs his mojo back 14:00 - Stock of the week: Apple 17:45 - Dog of the week: Nathan’s 20:30 - Jigglers caught 24:00 - Euro 2024 kicks off Get your Morning Brew Daily Mug HERE: https://shop.morningbrew.com/products/morning-brew-daily-mug?utm_medium=youtube&utm_source=mbd&utm_campaign=mug Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

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Good morning, Brew, Daily Show. I'm Neil Fryman. And I'm Toby Howell. Today, Tesla shareholders voted to reinstate Elon Musk's gargantuan pay package. But what does it mean for the automakers' future? But Disney's Pixar is hoping that Inside Out too is the movie that helps it get its swagger back. It's Friday, June 14th. Let's ride.

Well, it's our final episode before Father's Day, which is coming up this Sunday. So we want to wish a happy Father's Day to all the dads out there and to our dads in particular, Rich and Eric, who are both loyal MBD listeners. Toby, I feel like we already have a lot of dad properties because we both fall asleep on the couch watching sports. Absolutely. Yeah, Father's Day gets a little lost in the shuffle sometimes. The way I always remember it is it falls on the last day of the U.S. Open for golf.

So it's always tough because I know some kid out there is giving his father a major championship for Father's Day. Well, I get him a phone call. But you know what? Sometimes that phone call is just as important as a major. so make sure you don't neglect it. Or if Father's Day isn't your thing, call someone else you love. You Sunday has an opportunity to connect with the people in your life.

Or you could just buy a smoker. I mean, that always hits. That always hits. Now, let's hear a word from our purple prints, Yahoo Finance. Neil, you've totally corrupted me. You've always called it Yahoo! Yahoo! And now I can't get it out of my head. Oh, I like the Junice Sequo.

It gives it Yahoo! Yahoo! Finance. Boring, regular finance platform. Yahoo! Fanonce, Real-time Market Data, trusted news updates. and the go-to place for growing your wealth. I'm sold. I'm a finance guy. It's a name more fitting for a purple prints anyway, plus more fun to say. If you want to see the magic of Yahoo! Fanonce in action,

download the Yahoo Finance app on the Google Play or App Store. It's time to refresh your yard during spring backyard days at the Home Depot. Get low prices guaranteed on propane grills starting $179, like the next grill 3-burner gas grill, or get $50 off a select Webber. Spirit Grill and bring big flavor to your backyard, then set the scene with Hampton Bay string lights that bring it all together. Shop spring backyard days for seven days at the Home Depot. Now through May 6th, Exclusion supplies to homedipo.com slash price match for details. In a game of chicken with shareholders and the Delaware court system, Elon Musk has come out

on top and a whole lot richer. Yesterday, Tesla shareholders voted to re-approve the contentious and lucrative pay package that is set to net Elon $46 billion based on recent valuations. The package was originally proved back in 2018 that nullified by a Delaware judge after a lawsuit filed by a shareholder before the show of support yesterday. But even though Elon and his brother Kimball were sending tweets and taking Victory Lab saying that now that is settled, Tesla can get back to work, it's not actually clear where it leaves the pay package legally speaking. Experts say it's a little murky on whether a Delaware court will exceed.

the revote at all. It also leaves Tesla in an odd spot. Yes, the fear was Elon might leave to go work on his myriad of other companies if the package wasn't approved. But now that it has been, the juicy incentive-laced carrot is no longer dangling in front of him. So why grind like he has in the past? So this was a nice vote of confidence in Elon and will placate him for now, but it's still a little unclear as to what the result means for Tesla going forward. Yeah, I mean, this wasn't just a vote on a pay package, it wasn't a vote on dollars and cents. It really was a vote of confidence in whether you want Elon Musk to lead this company. I mean, he's got a zillion other projects going on. Tesla's share price has flagged 25% this year as opposed to the S&P's 15%

return. So this was individual shareholders who own the majority of all shares in Tesla saying, do we think Elon is the right person in charge for our company going forward? That has been a question recently. It would never be a question when this pay package was approved in 2018. But it is a question now as he's got a zillion other projects going on. But this was a vote of confidence in saying, yes, Elon is our guy. We're sticking with him. We want him to lead Tesla into the future. Yeah, if we just go back to 2018, why was this contentious at all? According to the Delaware court ruling, the company's board, they said, was too intertwined, too connected with Elon Musk to exercise independent judgment, which is why the court argued that the pay terms were unfair to

shareholders. So what were the arguments for or against this pay package for? Like we said, given his other ventures, X, SpaceX, X, A.I, et cetera, I guess. The argument is that you need this to keep focus on Tesla, but the argument against it is that it's just a massive, massive pay package, and it was granted by a favorable board that was too influenced at the time. So Tesla did not shy away from this vote either. It was a full-on campaign where Elon was doing this multi-week push on X on Twitter, campaigning to get this approved.

So there was this lobbying campaign around it because they needed shareholders to turn out en masse to approve this. Yeah, this was the only question on the shareholder ballot as well. After this Delaware judge struck down the pay package, Elon was very angry at Delaware and said, we're moving to Texas. So he put it up for a vote saying, would you want us to reincorporate in Texas? And he said, no one should really reincorporate in Delaware, which is home to many of the biggest companies in the country. and they did vote to move Tesla to Delaware. So maybe that will cause a wave of companies to also reincorporate elsewhere from Delaware,

which may be seen as hostile towards corporations. Historically, it's seen as a very, you know, a place that adjudicates corporate matters with more expertise than anywhere else. So that is another, that was another thing on this ballot that happened. One final outstanding question is how much the lawyers who sued in one over the 2018 pay package deal will take home because they asked, back in March, they asked the court to grant them 29 million Tesla shares, which are worth around $5 billion as payment for the work. But now that the shares have been restored to Musk, it's a little hard for the attorneys

to argue that they actually did anything because they lost the shareholder vote. So that is something that there's a court case set in July where they'll kind of re-argue this case. Toby, you're always thinking about the little guy, always thinking about the lawyers who need to be taken care of. I mean, your empathy is just so profound sometimes. I'm always amazed. Grant me the confidence to ask for $5 billion as a lawyer because that's a lot.

All right. The Supreme Court is sprinting toward its summer break, but before going on vacation, it has to issue dozens of rulings, including a decision yesterday in the most consequential abortion case since Roe v. Wade was overturned two years ago. The judges delivered a big win to abortion rights advocates by blocking a challenge to the abortion medication Miffa Pristone. preserving access to a drug used in more than 60% of U.S. abortions. The challenge to Miffipristone was brought by conservative doctors who argued that the FDA

sidestepped the typical process when it approved the pill back in 2000 and didn't consider safety concerns when it removed more restrictions on the drug in 2016 and 2021. The FDA countered that the pill is overwhelmingly safe even more so than Tylenol and was backed by hundreds of pharma companies who worried that the case would gut the FDA's authority, put their own drugs up to a legal challenge. But in their decision yesterday, the justices didn't even weigh in on the FDA's power because the case didn't even get that far. Instead, SCOTUS ruled on a procedural matter,

saying the doctors didn't have grounds to bring the case in the first place because they were not directly harmed by the availability of Miffa Pristone. Toby, we and everyone else have been following the twists and turns of this case for the better part of a few years, a significant decision from the Supreme Court. Right, absolutely. And part of the Supreme Court's decision centered on the fact that just because a group desires to make a drug less available or to ban a drug does not actually give it standing to sue on that. So under the Constitution, you can't just not like a drug and then restrict others from accessing it. And especially if you cannot prove that you had to act in a way that went against your conscience.

There's a law called the conscious laws, federal conscious laws, which allow doctors to be protected. under things that they think act against their conscience, and that didn't come into to play in this particular case. So, you're right. Lots of twists and turns. But even if it was a procedural ruling, even if it was a ruling on the FDA and self, the general bottom line here is that abortion, there was another win for abortion. Right. So medication abortion, Mifertristan, will stay on the market for now. But you'd think that pro-abortion people would be celebrating super jubilant and that people against abortion would be so dejecting saying, oh, where are we going to go from here? But actually, there's a lot more nuance because the Supreme Court didn't rule on the merits of the FDA's authority and whether it should approve this in the first place in 2000. They just ruled on this procedural matter of whether they had a right to sue in the first place. So this thing is going to keep going on because there are three Republican states, attorneys general from Idaho, Missouri, and Kansas that say they do have grounds to stand on because they're saying that they incur additional health care costs to treat women who have suffered some side effects from taking MIFRAs. PRISTone. So they're saying we do, we have been harmed. This isn't a case like the other

conservative doctors have put forward. So they're going to pursue this case. So this thing is going to continue going on. So I think a lot of pro-abortion people who are rejoicing from this say, look, this is not over at all. Meanwhile, the Supreme Court had another case to rule on. It's another big business case. And they sided with Starbucks and its clash with unionizing workers. This case centered around the so-called Memphis 7, seven Starbucks employees who say they were for their unionization efforts in 2022, which set up a legal clash between the National Labor Relations Board and the company. And this is very complex.

But the upshot of the Supreme Court's ruling is that the National Labor Relations Board can no longer get workers allegedly fired over a union to put back in their positions through an expedited court order as it could in the past. The board now has to go through the same process as everyone else. So this is a win for Starbucks and other corporations. Yeah, it's a blow to unionization. efforts across the country because it now sets a higher board for the NLRB to get those injunctions granted, get those workers to continue working while the legal system kind of goes

through its gear. So it is, again, very, very complex, but the bottom line here is that it's a blow to unionization efforts in the country. This morning, I want you all to get in touch with your emotions because Inside Out 2 hits theaters today. And as our now teenage protagonist, Riley confronts realities of life filled with joy, sadness, anger, fear, disgust, and more. Pixar executives will be doing the exact same thing. It's been a rough stretch for the vaunted animation studio. In June of last year, Elemental had the worst opening box office numbers in company history. And no movie from either Pixar or Walt Disney animation has generated more than $480 million

at the box office since 2019, a far cry from the billion dollar halls of Incredibles 2 and Toy Story 4 from years past, which brings us back to Inside Out too. Pixar is hoping a sequel-heavy strategy relying on beloved and proven IP might be the strategy that can turn things around at the box office. Neil, is this movie going to be the one to shake Pixar out of its funk? It's kind of sad that it's like Pixar is doing this, all this soul-searching, and they're like, all right, well, the thing we need is more sequels and spinoffs of existing IP. It's kind of where we're at, but they've tried these original.

stories like Luca, like Soul, turning red, elemental, and those have just not resonated with audiences. And the head of Pixar said that he wants to move away from directors, sort of doing this catharsis with these movies and telling their own stories and getting back to those more universal stories that were so beloved, like Monsters, Inc. and Toy Story, I mean, every kid thinks that there's a monster in the closet. Every kid thinks that their toys come alive when they leave the house. And so this guy wants to get back to telling those more universal stories rather than individualistic type origin stories that directors might want to say, oh, I want to tell this story of my particular life. So that's their strategy is to get back to this more

mass appeal kind of things that works so well for Toy Story and Monsters Inc. It makes me sad, though, because that strategy is dangerously close to yielding you a company in a suite of content that doesn't ever get you to those great originals. It doesn't get you the incredibles, the finding Nemo's of the world. Those require risks. Those require not just rebooting and doing sequels. I don't know. I know what the numbers say. You look at Toy Story 4

making a billion dollars. You look at the finding door. You look at Incredibles to bringing in these huge box office halls. And of course, like the math would say, just reboot old IP. And inside out was some people consider it like the last great Pixar movie. It came out in 2015.

So I can see the temptation here. And early reports are the movie is good. So, like, they shouldn't sleep on it. So, but it does make me sad. It brings a tear to my eye because it feels like Pixar has lost its way, and I'm not sure this is the right path for it to find its way back. All right. So inside out two, it's coming to theaters. There hasn't been a $100 million opening weekend for the box office this year. The box office is doing terribly this year. What's your number? Over under 90.5 million. I think it's expected to be in, like, that 85 to 90 million range. So I do think it's going to be under just because I don't, I don't

No. Well, you know what? I'm an optimist. I'm going to change right now because maybe we've just been crying out for a good summer movie, a good family-friendly movie. And I mean, I remember crying at the original inside out. So I think people will have that emotions. Probably a lot of the people who saw the original ones are now kids themselves, are now parents themselves. So I'm going over. We're hitting a hundred million? Yeah, I think 100 million because, yeah, I mean, it sounds good. We're introducing new characters here. You got envy, got anxiety getting into the mix. So I think we're back to telling those universal stories that a lot of people can relate to. Up next, my second favorite segment of the week, stock of the week, dog of the week.

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minor 9 over E. Toby, you won the pre-show lawn mowing in a straight line competition, so you get to go first. My stock of the week is none other than Apple. Apple heard you. Your iPhones are all the same. Sales are dropping in China. You have no AI plans. Why does my left AirPods not charge at the same rate as my right one? It heard you, and it took that personally, roaring back this week to retake its throne as the most valuable company in the world. It turned out to be AI that gave it the boost. needed. AI, or as Apple calls it, Apple Intelligence, was the win behind its sales this week as its developer conference laid out how it plans to integrate the new tech into its product

offerings. The market liked what it saw with a more powerful Siri and a deal with Open AI headlining its AI ambitions. You know, Apple gained 10% so far this week and its market cap is now up to $3.29 trillion. Does it have its swagger back? Well, the idea here is it's only gaining market cap because investors think that it's going to sell more iPhones currently. 270 million iPhones have not been upgraded in more than four years. And that's 270 million out of 1.5 billion. I'm doing the math in my head right now. Nearly 20% of all iPhones in existence have not been upgraded in more than four years. They think that like you said, you did say on the podcast when we were talking about this, you're like, I'm looking at all the AI features that are in iPhones

now, the ability to summarize documents, to pull things from emails, to just, generate images, all of the things that we know and love about AI, and it's coming straight to your iPhone. It's like the first time you can really interact with it on a consumer device in a very easy way. Investors really like that. And they think it's going to drive the next so-called super cycle of iPhone sales, where people are going to start upgrading en masse to get these new features. Yeah, I think what Apple did this week was prove that AI can be a feature. It doesn't have to be a product itself. Other tech companies want to sell you their chatbots, sell you maybe even their hardware with powered by an LLM, but Apple showed the value of just integrating AI into

an already existing consumer product. We all have iPhones in our pockets already rather than going for this standalone holistic app or device. So they really did put the fear of God into a lot of AI companies and also kind of, I mean, I've said to Swagger like four times already on this podcast, but I do think it showed that Apple still has its mojo and it still has the ability to inject new, generally new technology into its products, which is something that a lot of people have felt like they've been lacking recently. Meanwhile, the big question around this was, who is paying who over the Apple ChatGBTGPT partnership? ChatGPT is coming to Siri when Siri doesn't know an answer. It's going to Tap Chat ChbT. The big question in tech circles was, who is paying, like, who is making money

from this? What's going on here? Because Google pays Apple nearly $20 billion a year to put search on its iPhones. So is ChatGPT doing the same thing? Well, we found out, Bloomberg that no one's paying anybody. It's a completely, you know, handshake partnership where chat GPT, OpenAI, is getting all of Apple's distribution and Apple gets ChatGPT's tech, but I don't know if this is a good deal for OpenAI or ChatGPT because they're not getting any money for this and they're going to have to pay every single time someone uses ChatGPT and computing power. Maybe down the line they'll do a RevShare if you buy ChatGBTGPT plus or some subscription to ChatGPT through the iPhone, then they'll both make

money, but for right now, this is kind of a sour deal for chat GPT. They're literally treating Apple is treating OpenAI like a summer intern and paying them through exposure, which is just a wild thing to think about. All right, my dog of the week is Nathan's famous, which, yes, is a public company. Its stock was down a nudge this week as the brand trudges through a minor PR crisis over Joey Chestnut, not being able to compete in the Fourth of July hot dog eating contest. To recap the debacle, the 16-time champ was banned from the event because he breached a hot dog exclusivity provision. Yes, I said that with a mostly straight face. Apparently, Joey signed a sponsorship deal with plant-based meat company Impossible Foods, which Nathan's considers a rival,

and Nathan's won't let him rep Impossible during their competition. You can understand where they're coming from. They compared it to Michael Jordan asking Nike if he could wear Adidas shoes during the NBA finals. It's just a non-starter. why would they allow that? But to make matters worse for Nathan's Major League eating, ESPN, anyone with a stake in the Coney Island festivities,

Netflix entered the chat and announced a live head-to-head dog fight between Joey Chestnut and his fiercest rival to Kerro Kobayashi to be streamed on Labor Day. Toby, hard to think of a worst chain of events for Nathan's, even if they technically did nothing wrong. You lose the

only reason anyone watches your marquee event, then you quickly get upstage by another competition. Yeah, shout-out Netflix and all this, by the way, because they could have been our stock of the week just how fast that they jumped on this and put together this event. There is beef everywhere you look down at this entire saga because you have beef between Joey Chestnut and Major League eating, Joey Chestnut and the Nathan's famous hot dog eating contest. Then you also have beef from Kobayashi dating way back to 2009 when he was banned from Major League eating over contract disputes. And then you have like this net. Netflix beef with blah, blah, blah, blah. It is crazy. There's so many different, I mean, you use the word links to each other because we're doing sausage metaphors at this point.

But yeah, there is, there's beef all the way down. New York City Mayor, Eric Adams also chained in saying that he wants majorly eating to come to a deal and give Joey Chestnut a chance to defend his title once again. So everyone's weighing in with opinions here. Meanwhile, Kobayashi has not competed since 2009 in a Netflix documentary that came out last month. He said, I no longer feel hunger. So I don't know if that's metaphorical or not. So it'll be very interesting to see, because he was, when I was growing up, he was the guy.

And then Joey Chestnut came afterwards. So this competition is going to be very interesting. Labor Day does not have the same ring to it as 4th of July. But I think there's a lot of questions around how many dogs can this guy possibly eat? Yeah, last time they faced off Joey 8, 68 dogs. This was in 2009 to Kobiasi's 64 and a half dogs. That half dog is really important there. I think Joey's just going to wipe the floor with him, right?

Joey's still in his prime. He's feeling good. He ate 76 dogs a few years ago. I don't think Kobayashi has what it takes to go mouth the mouth of him. I don't know about that one. It's Friday. It's summer. The weekend is beckoning.

So we at Morning Brew Daily, don't blame you if you take it a little easy at work today. But don't push the envelope too far, or you'll end up like the dozens of employees at Wells Fargo that were fired last month after investigation found that they were faking work. How do you fake work? Well, in days gone by, it might mean an extra. extra long session in the bathroom or an extended lunch break, but in the work from home era,

technology has made slacking off easier than ever. Wells Fargo found that employees on the wealth and investment management teams were using devices that simulated keyboard activity creating the impression of active work. These are devices like mouse jigglers that lazily move your mouse around the screen, so it looks like you are active online, even though it's a $20 device from Amazon at the helm keeping your Microsoft team status green. Neal, these devices, took off during the pandemic, and it looks like they are still popular to this day. They've got to be still around. I mean, since COVID started, we've been watching this extended Tom and Jerry episode of employees trying to skirt doing work at home and then employers

installing software and surveillance technologies to try to stop them from doing that. And then the employees come back with new methods that evade that. So we've been watching this cat and mouse game for a long time. But there's no question that employers do not trust people when they work at home and that seems to be at the crux of it. And when you do not trust your people, your people to work at home and you install surveillance software, then they are only more likely to try to evade that because they know you don't trust them and then they don't trust you. And it creates this real adversarial environment. So HR experts are saying, if you're tracking people's movements on their keyboard, then you're not really incentivizing

the right thing out of your employees. I don't know the better solution to that. I mean, obviously it's like make it more, a more outcomes-based, goal-oriented type of work culture. But, yeah, banks were among the first sectors to bring their workers back to the office. And so they're always under the spotlight about people working from home. And Wells Fargo right now is a hybrid environment where employees have to come in at least three days of the week. And maybe they'll ramp it up after this episode. I do remember kind of that early to midstage of the pandemic where people were posting all these hacks of how you could appear active. One hack that went very viral was you open up the presentation mode on Microsoft PowerPoint.

and that ensures that your computer doesn't go to sleep. It makes it look like you're active, but you're not actually presenting anything. And then there's this other guy who just would tape down the letter C and then open a word document and just have it type out C, C, C, C, C, C, C, C, and then step outside and go for a workout. So it's an ethical dilemma. Like, you don't want to fake like you're working, but also people said that they're using it to just step out for lunch or step out and get a gym break in, and they didn't want to have the headache

of saying like, oh, why weren't you active during these hours? So it's definitely, the tech has added another layer onto this because you're right. With every action, there's an equal and opposite reaction, and you have this bossware devices that are monitoring. So I don't know. Just thread the line. Red the needle guys. Do your work, but don't, yeah, use technology to evil leave.

Well, if you do have to go to work, but you don't want to do anything, I encourage everyone to use the George Costanza method of looking busy. And he says, you just have to look annoyed. And that means you're busy and people will ignore you. So just look annoyed. That's what George says and he knows what he's talking about when it comes to slacking off. Okay, a major sports event kicks off in Europe today. No, not the Olympics just yet.

It's soccer's European championships hosted once every four years. The month-long tournament pits Europe's best footballing nations against each other in a World Cup-style clash for continental bragging rights. This year's Euros is being hosted by Germany, which expects 2.7 million people to attend 51 matches across 10 different cities. Given we're living in these fraught geopolitical times with wars raging on multiple continents, security will be extremely tight. And organizers say the threat of a terror attack at the Euros is at its highest level ever. The Ukrainian team, which figures to be a fan favorite, will receive an additional layer of security as they travel around Germany.

But the tense times hopefully won't attract from what's going to be a huge celebratory athletic event. Just one of many global sports competitions happening this summer. You've got the T20 Cricket World Cup being hosted right now in the United States, the Copa America Soccer Tournament, also coming to the U.S. later this month, and of course the Olympics and Paris beginning in July. What a feast. It is a feast.

And yeah, UEFA is hoping that it feasts on some extra revenue here because they are still trying to bounce back from kind of a pandemic era or Euros tournament that was lightly attended in 2020, where it put them in a bit of a financial hole. They're looking to kind of replenish their cash stores. They always like to have around $500 million in cash just in reserve. During the pandemic, that dropped down to $391 million.

And actually, that's their most recent count as of 2023. So they're hoping that the euros is a big cash count for them. It's going to expect you to bring in $2.7 billion. And they're hoping that, yeah, just this groundswell, the first euros back from the pandemic era is going to be one that a lot of people come to and a lot of people pay money. All right. So what are the storylines here?

I know you're paying attention closely here. It's Ronaldo from Portugal. It's a sixth Euros, maybe his last. You've got England and France probably is the favorites. England has not won a major global international sports competition soccer competition since 1966, and they lost to Italy and PKK in 2021. So tell the people what to watch out for in terms of the euros. The Euros is always great because it is just always a toss-up.

I mean, the last Euro's, Italy won. and on either side of that, they didn't qualify for the World Cup and two consecutive World Cups, won the Euros in between. It is always just a toss-up because you think back to 2004, Greece won it, and then in 1992, Denmark won it after not even qualifying. They just replaced Yugoslavia. So, Euros is probably one of the most wide open tournaments, not always the best team that wins.

That being said, I hope England figures it out. I mean, I remember in 2020, people on the street were telling me, it's coming home. That's their mantra that they say for, footballing returning to the place of its origin. I would just love it. These are the players I watch in the Premier League all the time, so hopefully Gerasalki can figure it out.

And let's not forget the Copa America tournament, which is coming to the U.S. the final will be played in Miami, and that's all of South America nations and also the U.S. is competing as well. So that is actually older than the Euros. It's 108 years old, and that's just an amazing competition as well.

That's coming. Wimbled, I mean, I could just go on. Anyway, we have to wrap it up there. Thanks so much for listening, everyone. Ladies and Gentlemen, the weekend. Let's all let out a deep exhale. As always, feel free to send along your comments to Morning Brew Daily at Morningbrew.com.

Let's roll the credits. Emily Milliron is our executive producer. Raymond Loo is our producer. Olivia Graham is our associate producer. Euchenawa Ogu is our technical director. Billy Minino is on audio. Hair and makeup is working from home, but I trust that they're not using a mouse jiggler.

Devin Emery is our chief content officer and our show is a production of Morning Brew. Great Saturday, Neil. I wish you all well. Yamava Resort and Casino at San Manuel is California's number one entertainment destination for today's superstars. Catch the Jonas Brothers return to the Yamava Theater stage

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