Morning Brew Daily - Inflation Cools Off in May & Jake Paul Gets into Skin Care
Episode Date: June 13, 2024Episode 343: Neal and Toby recap the latest inflation report which showed it cooling off in May which encourages at least one Fed rate cut this year. Then, the European Union piles on Chinese EV impor...ts with their version of tariffs. Next, Jake Paul sets his sights on his next opponent… Dry skin. Meanwhile, Neal shares his numbers on North Dakota voters, promotions, and airplane behaviors. Plus, a team of scientists that spent time in space came back a little younger. Finally, Denmark wants to remove a highly popular instant-ramen from the country because it’s too spicy. 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 - Rare white buffalo 2:30 - Inflation cools in May 6:45 - EU piles on tariffs 10:40 - Jake Paul gets into skin care 13:50 - Neal’s Numbers 20:30 - Fountain of youth in space? 23:40 - Denmark can’t handle spicy ramen 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, inflation is continuing to cool, but the Fed still won't cut interest rates.
What's it going to take, Jerome?
Then maybe these billionaires are onto something because a new study reveals that space travel might actually be good for your health.
It's Thursday, June 13th. Let's ride.
A rare white buffalo calf has been born in Yellowstone National Park, fulfilling a centuries-old American Indian tribal prophecy.
A Lakota legend says that 2,000 years ago, when,
food and bison were disappearing, a white buffalo calf woman appeared and taught a tribal member
to pray to bring buffalo back to the area for food. When she left, she turned into a white buffalo
calf with a legend saying she will return again, and now she has. Neil, Chief Avril
Looking Horse, the spiritual leader of Lakota likened the birth of this calf to the second
coming of Jesus Christ. So this is good news after a harsh winter in 2023. This is super cool,
but according to Lakota, it's not just good news. It's also
a warning. It's a signal that more must be done to protect the earth and it's animals. It's a sign that we need to
live in a good way and treat others with respect. So this birth is very special to those people and we should
all pay attention to it. But also very interesting is that according to the executive director of the
National Bison Association, there's never been an occurrence of a white buffalo being born throughout history.
So I'm sure sciences are pretty interested in this as well. It hasn't been confirmed. It was just photographed by a
visitor from northern Montana, who took photos with it and spent time with it for 45 minutes,
but they're having a naming ceremony. It appears like this thing was actually born. So we'll just
see how this plays out. Now let's hear a word from the Purple Prince that was promised, Yahoo
Finance. Some inflation data came in yesterday. And while you listen to Morning Brew Daily to hear
if grocery prices are finally coming down, Neil and I head to Yahoo Finance. When a big government
reading drops, Yahoo Finance is the perfect place to get a full sense of how the market is reacting.
You have the trusted news and real-time market data all in one place.
Even though Jerome Powell may be more vague than a middle schooler interpreting Life of Pie, Yahoo Finance doesn't leave you guessing.
Did you actually read Life of Pie in middle school, Neil?
Yeah, of course I did. I love that, Tiger, and I love Yahoo Finance.
If you want to check out Yahoo Finance, head to the app or Google Play Store to download the Yahoo Finance app now.
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Unlike your ham and cheese hot pocket, you microwave for 30 seconds too long,
inflation is actually showing signs of cooling.
After months and months of uncomfortably hot readings,
May's inflation numbers came in lower than expected.
The Consumer Price Index, which is a closely watched basket of goods and services,
was flat from April and increased just 3.3% from a year ago.
Both of those readings were 0.1 percentage points below expectations.
As my parents used to say, set expectations low, then limp over them.
But hey, a beat is a beat, and this reading marks the second
month in a row that prices weren't rising faster than expected, so we'll take it. But the good
vibes were squashed yesterday afternoon when Jerome Powell jumped on his press conference and reiterated
his more careful than expected outlook for interest rate cuts. He called this reading modest
progress in the fight against inflation. Was it modest or is Jerome just being a little modest?
First of all, this was Barbenheimer, double feature for economics nerds. You get the inflation
report in the morning, then you only have to wait a couple hours for 2.30 for Jerome Powell to do
his press conference and announce a decision on interest rates and give a talk. And so if you are
just loving macroeconomics, yesterday was your day. It's only the seventh time since 2014 that both
inflation data and a Fed meeting happened on the same day. You kind of had a little more negative
outlook on Jerome Powell's press conference than maybe I do. I thought overall, that Barbenheimer
double feature there was really a B plus. We got cooler than cooler. Cooling.
than expected inflation data. And then Jerome Bow also said that there was good progress on
inflation and the Fed penciled in one interest rate cuts per year. And I think what you have to look at
is what did the stock market do? SMP and NASDAQ rose to all-time highs at the end of the day
yesterday. So I think overall we got through yesterday, which was a big test for markets, pretty unscathed.
Listen, a B-plus might be good for you, but I'm more of an A-minus-a-plus kind of student.
Let's dive into the inflation port a little deeper, though. Let's look at the Holy Trinity
of gas food in shelter. Gas prices were up 2.2% on the year, but actually fell 3.6% from April.
Grocery prices were only up 1% from May, which is good news as well. Housing continues to be a
big thorn in people's sides, though shelter prices are still up 5.4% on the year. That's the big
sticky one. That's been very hard just because of how clogged up the housing market is.
Shelter has been the big sticking point in this fight against inflation. Yeah, there's also some other
good news in terms of airfares dropped by the most in almost a year. Prices for cable, satellite,
and streaming services declined by the most in nearly 20 years. And that grocery number is actually
very important, very interesting, because it's the fourth month in a row where there's a decline in
average grocery prices. That has been such a big topic of discussion that's been hurting people's
finances. But as we've talked about on the show many times, every grocery store, it seems,
from Target to Walmart to Kroger are reducing their prices and offering more value to consumers
as their budgets continue to be stretched. So it does seem like that is filtering through
into the government data as well. Another part of the services sector that we've definitely
talked about on the show is car insurance costs. Car insurance costs have just been
exploding. We actually had our first drop in car insurance costs since 2021. That category has
been a major driver exerting immense pressures in recent month on inflation numbers.
So finally, if you see the chart of car insurance prices, it's been three years since we finally got a drop.
So that is finally, if you own a car, you're breathing a sigh of relief.
Yeah, so where do we go from here?
What's interesting is that the European Central Bank and the Bank of Canada last week cut interest rates,
it doesn't appear like Powell is ready to do that.
Markets are pricing in a 75% chance of a rate cut in September.
So we have three more months to go until a possible rate cut.
This was the seventh straight Fed meeting where the Pala has held interest rates steady.
So the markets are pricing in one rate cut for the rest of the year.
And then we'll still have to wait for more inflation data to come out because that is what matters.
And so the most important inflation report is the next one.
I did not have trade war on my 2024 bingo card, but we are inching our way there after the EU
slap tariffs on electric vehicles coming from China.
The trade barriers comes just weeks after the U.S. did the same thing, though the Biden administration's measures were much tougher.
They quadrupled tariffs on Chinese EVs to 100%, pretty much blocking them from the market altogether, while the EU's max out at 38% on top of a current tariff of 10%.
What is the reason for this tariffs?
Well, the EU and the U.S. say that China's government has been unfairly subsidizing its auto industry, creating an uneven playing field for domestic car
producers. They worried that cheap Chinese EVs could flood the market and deplete the ranks of the
13 million people employed in the European auto sector. Now, here's the most intriguing part of
the story. You'd expect European auto giants like BMW and Mercedes to fully be behind this, right?
Thank you, Brussels, for having our back, you'd think they say. But no, many European car companies
like BMW oppose these tariffs and argue they're actually bad for their business. Toby, what is up
with this dissonance.
Yeah, it feels like the car makers are saying that you're sacrificing the long game in
in favor of short-term gains because China was a source of nearly one in five European sales
of EVs last year.
So it's a huge market for them, but also a large part of European automakers supply chains
are tied up in China as well.
So when you look, they're saying let's let us fight it out against them because our fate
is too entwined with China to kick off this trade war.
that wasn't on your bingo card. It was on my bingo cards. I'm a little ahead of you right now in
terms of 2024 bingo. But yeah, Europe is just a huge destination for Chinese EV exports in general as well.
So a lot of things swirling here. And it is interesting to see kind of dissonance between the U.S.
automaker reaction and the European automaker reaction. Yeah, I mean, barely any Chinese cars are
currently in the market in the U.S. I think it's just Pulse Star, which accounts for 2% of all
EVs in the United States. Meanwhile, more than 30% of all import European imports.
imports of EVs come from China.
So these two are already interlinked, which makes doing tariffs a lot messier.
When you put tariffs on Chinese exports of EVs, that also means you're putting exports
of your own of your own European automakers.
You're also taxing that because they have production in China that they export back to
the back to Europe.
And I mean, these two like the EU and China in terms of their holdings in various auto companies
are so intertwined.
I mean, Mercedes Benstock, 20% of it is.
is controlled by Chinese entities.
Chinese interests control the biggest shareholder in Italy's Pirelli,
and then Gileadolting completely controls Volvo.
So you can't extract these two like you can with the U.S. and China.
The other thing, the other layer to this too,
is that isn't this against the green revolution
that's supposed to be taking place in Europe right now?
You have this commitment to this carbon-free emissions-free future,
and it definitely necessitates more movement away from gas cars at a quicker pace than we're currently going.
And yet here you are making it that much harder for cheap EVs to be sold and produced around the world and in your country.
So it is very interesting to balance all these multiple positions.
And clearly they're not taking as big of a protectionist policy approach as the U.S.
because the U.S. was slapping 100% tariffs, quadrupling their tariffs.
This is a much smaller hike.
And they are kind of playing it by ear too because there are, there's doors,
open as ways around these tariffs because B.D last December said that, hey, we're going to open
a factory in Hungary. It's going to be our first factory for passenger cars in Europe. So there's
definitely some wiggle room here because clearly the automakers want to play ball with China in a way
that maybe lawmakers don't. With his generally annoying persona, Jake Paul might get under your skin,
but now he wants to get on your skin. The amateur boxer and internet personality is jumping into the
grooming game launching a line of products, including a body wash, body spray, and deodorant
yesterday geared towards a younger male audience that will be sold in Walmart. The brand is called
W and seeks to ride the growing wave of skincare and grooming products geared towards men.
Lots of interesting wrinkles to this launch. The fact that it's debuting in Walmart with
products price at less than $10, that he chose men's grooming as an industry he thinks is underserved
and the presence of existing competition already. The Rock, John Legend, Idris Elba, and Farrell,
all have recently launched skin care or skincare adjacent lines.
Do you think W is going to be a W?
I guess if you look at every possible business sector to dive into men's personal care,
men's grooming might make a lot of sense, especially for Jake Paul.
It is growing at a 10% annual compound growth weight.
It is expected to grow $100 billion this entire market over the next four years.
So he's a young male with a large following, 47 million followers.
across YouTube and Instagram.
So if I'm looking at what possible industries I could dive into,
then this one does make sense.
Yeah, I do think that he certainly drew a lot of inspiration from his brother,
Logan's success with his prime energy drink.
But even though Prime has come crashing down to Earth a little bit,
it got off to a really hot start,
$250 million in sales in 2022,
but the hype has died a little bit as a couple lawsuits here and there have popped up.
But Jake Paul likened him and his brother to the car.
Kardashians, but I don't think they're actually the Kardashians, because what the Kardashians do is
they release products that are very authentic to them. I mean, Kim wears skims. Kylie actually
uses Kylie Lipkits. It does feel like this might be a little bit of a stretch that Jake Paul is now saying that
men's and young men's skin care in grooming is like the most important thing to him, which is kind of the
beat that he's been trying to beat the drum on this release because he isn't really a skincare guy.
I mean, it's a good industry.
Like, there is a lot of opportunity.
And he's not paying for less than $10 for a show.
Right, exactly.
So it feels a little disingenuous,
even though he's trying to paint this picture
that it is very much true to his character.
So it's interesting.
He might just be trying to capture on the buzzy moment he's having to.
He was going to fight Mike Tyson on Netflix,
even though that fight has now fallen through.
No, it's going, it's going to be in November, maybe.
Oh, okay.
And then they replaced him with someone else because, yeah,
Tyson had a little bit of health issues because he is quite old.
But he's not wrong.
Paul is not wrong by saying the inspiration.
the inspiration for this brand was him going into a CVS,
looking at the shelves of available deodorant and shampoo,
seeing Axe and Old Spicin's like, man, these have been on the shelves for so many decades.
Nothing new. There's no disruptors.
So he's coming at it with this.
I mean, it's a huge flex to be able to launch with Walmart because Walmart is one of the biggest retailers,
if not the biggest retailer in the world.
So he's coming in with the Legov.
But like you mentioned, with the Kardashians in Skims and a bunch of all these other celebrity bands,
a lot of celebrities think now you can just release any consumer product and everyone will buy it because everyone follows you on Instagram and they'll already love it.
But as Prime shows with a huge 50% drop off in sales in Q1, that you can't just do it and not pay attention to it.
You have to nurture it.
Not everyone can be skims, which is worth more than $4 billion now.
Up next, it's my favorite segment of the week and yours to Neal's numbers.
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Welcome back to Neal's Numbers, the segment where I share three stats.
from the week's news that will be like taking your brain to a steam room.
For my first number, let's head to North Dakota, I've actually been there, where voters
on Tuesday made it the first date to set a maximum age limit for congressional candidates.
If you turn 81 or older by the end of the year before your term would end, you are not
eligible to run.
The gray hairs sprouted by American lawmakers have become a hot topic in recent years with
Senator Mitch McConnell freezing up twice, Senator Diane Feinstein going through health
struggles while in office.
And of course, the two main presidential candidates being way past retirement age, President Biden is 81, and his challenger, former President Trump, is 77, though North Dakota's new law would not apply to them.
Whether the rule stands up to legal muster remains a question mark.
In 1995, the Supreme Court said that states cannot set qualifications for Congress, besides those listed in the U.S. Constitution, which are the minimum ages, 25 to serve in the House, 30 for the Senate, and 35.
for president. The only maximum age on the books now belongs to North Dakota.
Yeah, measures like this are only going to get more and more popular, especially in this age of
Septuagarian, octanagarian politicians. I mean, the average age of freshman members in Congress is
47 years old. And the Senate average age is 64 compared to 57 in the House. So everyone is getting
older. Obviously, the two main presidential candidates are extremely old as well. And yeah,
baby boomers are just dominating Congress in general.
So this is definitely going to get widespread support if it actually has the muster to pass,
especially with that Supreme Court kind of stating that you cannot impose those restrictions.
We'll see it probably will make it to the Supreme Court if they do go forward with this case.
But it is interesting that if you just look at it from the public perception and public support angle,
it's going to have a lot of support.
My second number might help explain why you've been a junior analyst going on three years now.
In the current job market, very few American workers are getting promoted.
Just 1.3% of white-collar professionals got promoted in the first three months of the year,
according to Bloomberg.
That's the lowest rate for any first quarter going back five years.
And 2023 wasn't much better, especially for young people.
Just 2.1% of Gen Z workers got a title bump last year, down from a high of 2.5% in 2020.
21. Getting stuck in your role is likely a reflection of the slowing job market. While layoffs are
still very low across the board, employers aren't hiring like they had been or forming new teams.
So there's less of a need for new managers, the report's author said. And just to be clear,
the current rate of promotions isn't low by historical standards, but it is much slower
than the rampant job title inflation we saw during the hiring boom of the pandemic. So it still hurts
to be stuck on the same rung of the ladder you've been at for a while. Yeah, it hurts because you
probably saw a sibling or a colleague just speed run their careers in that kind of post-pandemic,
early pandemic era, where people are just getting promoted left and right. So that's why it hurts
for this people, even though, yeah, historically, it's not that much of a lower or it's not
even a slowdown by historical standards. But yeah, the labor market has softened a little bit.
The power dynamics are switching again. It's shifted back. The pendulum swung back to employers
a little bit more, and you're just not getting that. You're not logging on to LinkedIn and
your tile every six months, like was the case.
Maybe we were saying a few months and years ago.
And other economic data points really generally back up the malaise
that younger workers especially feel without getting these promotions,
without getting mentorship, without moving up in their careers.
Employee confidence among entry-level staff is near the lowest level in Glassdoor data
going back to 2016, so eight years.
And then only 31% of workers younger than 35 said they were thriving at work last year.
That's according to a new.
report from Gallup, which is down from 35% the previous year. So if you meet a Gen Z worker,
give them a pat on the back, maybe buying pizza today. For my final number, rewind to a recent
time you were on a plane. Maybe the person sitting next to you took their shoes off. Maybe the
guy in front of you is watching a steamy movie and it's making you uncomfortable. Maybe you
had too many airport beers and the person next to you is annoyed by how much you're talking to
them. Airplane cabins are the setting where many of society's unwritten rules collide. And
This week, the polling site UGov published a survey asking Americans about 30 different airplane behaviors and which they consider acceptable or unacceptable.
I promised you numbers.
Here are the numbers from the survey.
The most abhorrent behavior of all on a plane is letting your kids play in the aisle, which was deemed unacceptable by 86% of respondents.
Not so far from that is getting drunk on a plane, which more than 80% said was unacceptable.
Sorry, Dirk Spentley.
less obnoxious but still obnoxious is using both armrest when someone is sitting next to them.
Nearly three quarters of respondents said this was unacceptable since it causes arm restlessness.
To end on a high note, waking up a semate to go to the bathroom is widely considered a normal behavior in society with 72% saying this was acceptable.
Toby, do you agree with these?
Anything else stand out to you from this survey?
I was pretty happy with this survey.
It does seem like, yeah, children playing the aisle, getting drunk.
These are things that are not acceptable.
Another thing that was very high up was watching a movie or show without headphones,
which I unfortunately just had to deal with on a flight.
To be fair, the person didn't know.
You know you do the thing.
You put in the headphones,
then all of a sudden starts playing out loud.
You don't know it.
So I did feel bad for her.
But the other thing that people were okay with that I was proud of them for being okay with
was waking up a seatmate to use the bathroom that feels awkward,
but everyone understands like you're trapped in there.
You got to get out.
Using a laptop on a tray table,
very acceptable.
And the other thing I was really looking at was,
is it acceptable to recline a seat?
And for the most part, over 50% say it is acceptable,
which there was discourse around that for a while.
Wait, you should have to.
They let you.
I know.
They build the planes so that you are able to.
I agree with that.
But there was discourse around there
because everyone's got the equal right.
Because if someone reclines in front of you,
you can recline.
I'm reclining away from my microphone.
Except the people in the last seat.
I know.
Well, that's tough.
And I have been there.
So yeah, generally I think, yeah, these were good.
The one thing that I hate most on my personal pet peeve, which people did say was unacceptable,
was jumping rows ahead when de-planning.
That makes me so mad because where are you going?
You're not even making up that much time or progress there, so don't do that if you find yourself in one of those back rows.
Turns out that if you want to look and feel younger, you don't need Botox, you don't need collagen.
What you might need is a trip to space.
the largest study ever of the effects of space travel on human health dropped this week,
and the results were surprisingly positive.
These studies looked at blood, immune systems, cardiovascular health, the kidneys, liver, skin,
and more of humans who have spent time and space and came to the conclusion that spaceflight
is actually decently safe for the human body.
The study's guinea pigs were astronauts from the Space X Inspiration 4 mission,
were actually normal civilians who conducted three-day space flights,
even though their bodies were stressed and showed dramatic.
signs of aging during their journeys, researchers found that everything from balanced systems
to neurocognitive functioning bounced back to normal levels pretty soon after returning to Earth.
But not only did they bounce back, the studies also revealed that space makes you younger
in some sense. For instance, your DNA shows less signs of aging while you're up there.
It's pretty wild to think about, Neil, but microdosing space for a few days actually slows markers
of aging in your DNA. It does. The broad consequences or
learnings of these studies of this crew in mission for,
for in space for three days,
was that, yes, space has crazy impacts on your body,
especially at the molecular level.
And then when you get back,
everything kind of jumps back to normal.
But learning what happens to people's bodies in space generally seems to have
three main objectives.
Figure out how to help astronauts recover most effectively when they get back to
space from space.
Learn about which kinds of people fare better than others in space to help with
astronaut selection.
Who's going to go to the moon?
Who's going to the Mars?
maybe you are more predisposed to go to space than I am because of your blonde hair or whatever,
and then take any of these findings that we learn about what happens to people in space,
then maybe apply them to medical approaches on Earth that have nothing to do with space.
Like maybe this finding about how our particular DNA ages.
Right.
It is kind of like going to the gym.
The scientists likened it to going a gym for your muscles.
You put it under an immense amount of stress, but in order for them to grow back in greater number muscle fibers.
Same goes for this distinct part of your DNA, which are called telomeres, which are the things that scientists were seeing elongate, which is usually as you age, they get shorter and shorter.
But when you go to space, for whatever reason, maybe it's a radiation-rich environment.
They actually expand in length.
And then over time, they do shrink back to their normal sizes once you land on Earth.
But just they had hunches about a lot of this stuff because we have studied astronauts in the past.
but this was the kind of knockdown, measure every single thing about space travel,
and yeah, some surprising and some surprisingly positive findings.
If I don't know that people might find interesting is that the female crew members,
there were two female crew members and two male crew members.
The female crew members were covered faster from space light with all of their health markers
back at pre-flight levels faster than their male counterparts.
So maybe if you have to send people to space, deep space, Mars, even further out,
me and you are not going to be selected for that, which I guess I'm okay with.
Finally, have you ever eaten something so spicy and thought, man, this should really be illegal?
Well, Denmark has your back.
The country's food agency has recalled three spicy ramen products because they were so hot,
they might cause acute poisoning.
Danish authorities said consumers should discard the products if they have them at home
or return them to the store where they bought them.
The company behind the banned ramen, South Korea's Samyang Foods, said this was the first time
its products have ever been recalled for being too spicy.
So how hot is this ramen actually?
Can Denmark just not handle the spice?
Well, the original version of the product clocks in at 4,400 units on the Skullville scale,
which measures the heat of peppers, and that's about on par with the heat of jalapinos.
But there are 2x, 3x versions of these noodles, and even the company's CEO, said she couldn't
stomach them at first.
Toby, is this an overreaction?
Proper reaction to protect consumers?
I guess my one takeaway is we need a hot one spin-off ramen edition.
I thought your takeaway was going to be, we need to try it.
I was going to say, absolutely need to try it.
I have never, I mean, I love ramen.
I'll just put it out there, but I cannot do the spicy.
I do not have a very high spice tolerance at all.
There's definitely some reason behind it.
I mean, spicy foods can be dangerous, especially for children.
I mean, remember the one chip challenge?
This was an extremely spicy chip that was sold in literally a coffin-shaped packaging box
from a company called Packy.
That led to a social media challenge.
A Massachusetts teenager ended up dying after eating the spicy chip.
So I definitely see how there is definitely some health concerns around very spicy stuff,
especially if those trends go viral on social media,
which Sam Young's ramen often does because muckbang videos,
people watching each other eat.
It's a very popular medium for that.
So I can see where the concern is.
I was going to talk some crap.
it was only as spicy as a jalapeno, but the 3x, 4x, that's when it gets a little dicey.
Yeah, I mean, this type of spicy ramen has become a global phenomenon.
Sambyang's foods stock price has gone up 70% in recent months.
The worldwide market for global ramen has jumped 50% in the last five years to about $50 billion.
So people just love freaking spicy ramen.
I love it.
Yeah, and Sambyang's noodles are definitely aimed out of more adventurous eater, so maybe not me,
but let's film a little YouTube video.
I would definitely try this.
All right, that's all the time we have for today's episode.
Thanks for listening and have an amazing Thursday.
I know we will because the U.S. Open is teeing off today
at beautiful Pinehurst in North Carolina.
And as per tradition for every golf major,
we turn to Toby for a sleeper pick.
He's one for two this year's majors.
So far, who you got?
I came off a top 10 pick last PGA championship with Dean Bermiser.
This week, I'm going with Keegan Bradley.
I feel like he's won here before.
he's done well in the past. I think he's going to
do well this year as well.
All right, good luck, Kagan. We love hearing
from you, so please send any thoughts,
questions, concerns, feedback 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. Yuchinawa Ogu
is our technical director. Billy Minino
is on audio. Hair and makeup
has been put on leave for being too hot.
Devin Emery is our chief content
officer and our show is a production of Morning
Brew. Great show today, Neil. Let's run it back tomorrow.
Own it all. Pay off your home, travel for life, drive a Ferrari.
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