Morning Brew Daily - New Crypto-Friendly Era For the SEC? & UnitedHealthcare CEO Fatally Shot in NYC

Episode Date: December 5, 2024

Episode 468: Neal and Toby talk about the shocking news of UnitedHealth CEO Brian Thompson fatally shot in front of his hotel during the company’s annual investor conference. Then, Trump names Paul ...Atkins as the new SEC chair signaling a much more friendly environment for the crypto industry. Also, Spotify releases its annual Wrapped feature to highlight the top music, podcasts, and audiobooks from the year. Meanwhile, Neal shares his favorite numbers on certain last names getting worse grades, movie titles getting longer, and a unique area that only Milwaukee’s airport has. Plus, Toby shares his favorite number on trademarked scents. Lastly, the biggest headlines to close out your day.  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. Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. 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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Starting point is 00:00:00 Many employees can't afford a hefty medical bill that pops up out of the blue, but it happens. And employees who are financially stressed are, understandably, more likely to be distracted at work, costing their employers greatly in lost productivity. Luckily, AFLAQ plans help with out-of-pocket expenses not covered by health insurance and can be offered at no direct cost to businesses. Learn more at aflac.com slash morningbrewerdaily. That's aflac.com slash morning brew daily. Good morning, Brew Daily Show. I'm Neil Fryman. And I'm Toby Howell.
Starting point is 00:00:32 Today, you are going to regret selling your Bitcoin when I tell you what price it just hit. Then Spotify wrapped finally dropped, but left some users a little disappointed this year. It's Thursday, December 5th. Let's ride. Well, it actually happened. Last night, the price of one Bitcoin hit more than $100,000, a major milestone for an asset once dismissed as a fad. It took Bitcoin 15 years to go from zero to 100K, but it's experienced a serious surge in just the last few weeks, popping more than 40% since Election Day over the prospect of a crypto-friendly administration coming to D.C. next year. Toby, very few people predicted this would happen, but the ones who did will absolutely let you know about it.
Starting point is 00:01:21 Oh, absolutely. I'm retiring after this pod today, Neil. No, just kidding. Let's take a quick trip down memory lane, though. A famous part of Bitcoin's lore is something called Bitcoin Pee. A Pizza Day. There was this man named Laslow Hanyets who paid 10,000 Bitcoins for two pizzas on May 18th, 2010. At the time, the transaction was worth $41. At today's prices, those two pieces are now worth $1,33,709,259.00. Never good, Neil, when your pizza order involves three commas. But yes, an absurd run-up for crypto this year. Run-up that was spurred in part. by a new Trump cabinet choice, which we'll talk about a little later in the show. But first, a word from our sponsor, Yahoo! Finance. I think I finally cracked the code as to why Yahoo! Finance is such a great resource for investors. Because it's got real-time market data? Well, yes.
Starting point is 00:02:16 And a My Portfolio feature where you can keep tabs on the stocks that matter most to you. That too. Also, a research tab where you can see everything from economic calendars to investment ideas to reports from experts. All right, I'm starting to think that you crack the code. as well. Well, what were you going to say? You forgot about the latest news headlines so you can stay up to date on all the latest stories that might influence the market. No one likes a no-it-all, Neil. But everyone likes Yahoo Finance, which you can go check out at yahoofinance.com today. Tragedy struck in Midtown New York yesterday as Brian Thompson, CEO of United Health Group's
Starting point is 00:02:52 insurance arm, was fatally shot outside a New York City hotel in what police described as a targeted attack. Videos show the suspect lying in wait, then fleeing on a gray e-bike after shooting Thompson in the back and leg. Thompson was in town for United Health's investor meeting, and as of this morning, a manhunt is still underway for the shooter. Thompson's wife, Paulette, told NBC that there had been some threats made against her husband, saying she didn't know the details, but a lack of coverage was involved. Thompson led United Healthcare, a subsidiary of United Health Group, and the largest private health insure in the U.S. since April 2021. After Thompson's murder, the company took down the webpages showing headshots and bios for the
Starting point is 00:03:33 rest of the company's leadership team. But, Neil, a wild story affecting one of the largest health companies and largest public companies in the world. Yeah, I mean, they were gathered for their annual investor day, which is their exec's opportunity to talk to shareholders and tell them what they're doing in the next year. It is a huge event. Everyone was in town, and they held event for a few hours. And then the CEO just got up there as people were checking their phones and said, wow, we've, you know, announced what had happened. We're disbanding our investor day. So it was an absolute shock to everyone at the company, everyone who knew him. But apparently, you know, Thompson's story is, is quite interesting. He started, he was born and was raised in a very
Starting point is 00:04:16 rural Iowa town, went to University of Iowa for accounting. Worked at PWC for seven years before joining United Health Group in 2004. He rose through the ranks to become the CEO of a truly massive division. This division provides health insurance for over 50 million people. It did revenue of $281 billion. It employs $140,000. So he had a ton of responsibility, had a lot of contacts within the healthcare space, because this is an immense, immense industry where everyone knows everyone.
Starting point is 00:04:51 and, you know, a lot of other healthcare leaders chimed in saying that he was a very amicable guy, was a very low key when something got too stressful. He offered to arm wrestle you to sort of bring the temperature down. So a big loss for the healthcare industry. Yeah. And just to be clear, he wasn't the CEO of United Health Group, which is the broader organization, but he was still the CEO of United Healthcare, which was a big, obviously one of the biggest, if not, it is the biggest private insurer in the United States.
Starting point is 00:05:20 This has also put a focus on CEO and executive safety policies at companies. Security filings for United Healthcare's parent company don't make any mention that the company was paying for executive security for Thompson. And it's understandable that a healthcare giant wouldn't necessarily think to provide security expenses because none of its executives are as high profile as someone like a Mark Zuckerberg as someone like an Elon Musk. But now it probably is a good bet that a lot of these big public companies, we'll start rethinking their strategy, rethinking their approach in the wake of this tragedy.
Starting point is 00:05:56 Several tech companies are already way ahead the curve when it comes to this. I mean, for instance, security filing showed that meta paid about $23 million to on security for Mark Zuckerberg. So even though you wouldn't think to, you know, a healthcare CEO would need a level of scrutiny and a level of security like this, I think you're going to see a bit of a wave and a bit of a shift in the strategy because of this. instance. Well, you might, though, because health care executives have received threats before over denied coverage and things like that. I mean, his wife did say that he had received unspecified threats in the past. Police also said that. So there is a world in which health care CEOs do are provided some security. But now we look forward. The killer is
Starting point is 00:06:45 still on the loose somewhere in New York City or in the vicinity. Police said they found words written on the bullets that said deny, defend, and depose, and they're still working out a specific motive for the shooting. President Electrop made his first big move to put a stamp on Wall Street by nominating lawyer Paul Atkins to lead the Securities and Exchange Commission, replacing current chair, Gary Gensler. You may not have heard of Atkins before, but for Big Wigs in New York and D.C., he is a familiar and respected face. Atkins was one of the commissioners at the SEC under former President George W. Bush and has stayed close to top financiers after he founded the influential consulting firm, Potomac Global Partners. Under Atkins, a conservative who
Starting point is 00:07:28 advocates for deregulation, the SEC could look a lot different than it did under Gensler, who pushed the agency in a more progressive direction. One of the biggest goals between them is how they view cryptocurrencies. Gensler was very much a crypto-sceptic, launching unprecedented action and penalties against the biggest companies in the industry, such as Coinbase. Atkins, on the other hand, is a big fan of crypto, and he'll likely take a much later touch to digital tokens in line with the incoming Trump administration's pro-crypto messaging. Toby Atkins is very much a known quantity, and he's a pick that will elate Wall Street and crypto after they chafed under the Gensler years.
Starting point is 00:08:07 Let's start with Wall Street a little bit and then get to crypto. Atkins has been a pretty big critic of the SEC's current approach to cracking down on corporate wrongdoing or whatever you want to call it. He is actually pretty opposed to imposing these large penalties on companies that have already agreed to settle fraud chargers. And the reason why you, you know, charge or you levy these penalties against companies is that you hopefully deter them from doing wrongdoing in the future. But Atkins actually has argued in the past that they've already received penalties through a drop in their share prices and that all you're doing is punishing shareholders further. So, who have already
Starting point is 00:08:44 been victimized by the company before. So he's kind of a big proponent for not being too overbeying with the penalties that you levy against companies that engage in wrongdoing. As to the crypto side of things, this was exactly the person that the crypto crowd wanted to see because you are right. They have been languishing under Gary Gensler, who's been very adversarial to it. The Trump administration has said, we're going to embrace the crypto world. Atkins has embraced the crypto world. So I do think that is part of the reason why, I mean, we tease it at the top of the show. Bitcoin kind of was inevitably pushed up over the 100K barrier because of this pick. And then meanwhile, President Trump made some other nominations yesterday to some high profile
Starting point is 00:09:23 posts. He nominated the FinTech billionaire and veteran SpaceX investor Jared Isaacman to serve as the next NASA administration. If you remember that Isaacman name, he was one of the two people a few months ago who conducted the first commercial spacewalk, you know, 400 miles above Earth, and he has been involved in SpaceX for a long time, and now he's going to head up NASA. I think this is another sign that NASA will work even closer with the private sector to fulfill its space ambitions. This choice was very enthusiastically embraced by the commercial space industry because they know Isaacman is just a huge fan of it. He puts his money where his mouth is. He has been on these space flights. One thing that is a little up in the air right now is that
Starting point is 00:10:08 he signed on to fly four of these commercial space flights. One of the next mission was actually to fly to NASA's Hubble Space Telescope to try to raise its orbit to extend its life. And that's like Superman it? Yeah, like essentially push it back up because Hubble Space is struggling a little bit out there because it's just been out there for so long. But NASA itself that says, I don't know if we really want a commercial person, a private citizen messing with such an expensive piece of equipment.
Starting point is 00:10:35 But now Isaacman might lead NASA. So everyone's like, so what happens now? Are you going to go as the head of NASA if you are approved by the Senate? Or would he kind of fall in line with what NASA has been saying previous? So some conflicts of interest or whatever you want to call it. But for the most part, people are pretty excited by this pick because Isaacman just loves space. He loves space and he's been to space and he's been a huge booster. But speaking of conflicts of interest, he's a big investor in SpaceX and all these space companies,
Starting point is 00:11:02 their biggest customer is NASA. So if I'm Blue Origin, if I'm Jeff Bezos at Blue Origin, or another Rocket company CEO, and now I have to compete against SpaceX for a contract with a guy who's a big shareholder in SpaceX, I'm probably a little confused or a little myth that, you know, what might go into this selection process? Well, it was the moment that your Instagram stories have been waiting for. Spotify rap dropped yesterday, revealing just how many of your friends went through a pink Pilates Princess Strut pop phase this year. The answer was probably a lot of them. Artists like Chapel Rhone, Sabrina Carpenter, and Charlie XEX dominated listening habits this year.
Starting point is 00:11:39 But at the summit of Mount Spotify, there can be only one artist. And the number one most streamed artists globally in 2024 on Spotify for the second year in the row was Neil Frott. No, Taylor Swift. Turns out when you release an album with 31 songs on it, while on the second year of a massive global tour, you get a lot of Spotify streams. Speaking of albums, for the first time ever, the top eight albums by Worldwide Streams were recorded by women. Billy Iles, Carol G, Ariana Grande, and Sabrina Carpenter, as well as Siza, all joined Taylor in the top 10. Neil, despite the cultural sway Spotify rap still holds on people. I did see some complaining a little about the perceived effort from Spotify this year, while 20203 gave us those viral Soundtown features.
Starting point is 00:12:27 This year was a little bit lacking with that viral punch. Well, they built a monster and they have to continually feed the monster with new features that introduce even more shareability and make it an even bigger cultural moment than it is. I think what you were hearing is that maybe some of the new features didn't get the blood flowing as much. One of them that a lot of people were talking about was the Your Music Evolution, which documented three distinct musical phases for your listening habits over the course of the year. What was the one you mentioned? I forgot it. That was mine during the summer. Pink Pilates, Pitch's strut, pop.
Starting point is 00:13:03 Yeah, so that happened when everyone, when all of like the Sabrina Carpenter, espresso, and Chapel Rhone became big. Over the course of the summer, the other feature that Spotify was hyping up was a AI-generated podcast that was in partnership with Google's Notebook L.M, and we had talked about this on the show a few months ago.
Starting point is 00:13:22 This is a viral podcasting tool that you can feed it text, and it will create, I will have two AI hosts, who very seemingly sound like humans and will talk about whatever text you put in. In this case, they will either celebrate you or roast you for your musical taste. So those are the two, I would say, big software updates to RAPT. It didn't seem like they caught on in a viral way that others have. Still, what Spotify has built with RAPT is pretty impressive.
Starting point is 00:13:47 It is interesting to see where it will go from here because it is just so huge already and they're probably already thinking about the next Rapt right now. We've buried the lead long enough, though, Neil. give us your top artist from your 2024 wrapped. My top artist was Guster actually because I went to a show for Guster back in February
Starting point is 00:14:07 and I just, I know most of the words to all of their songs, but I wanted to make sure I knew every single word because it is the most sing-along music. So I listened to so much of their music and I guess that carried over into the full year. So yeah, Guster was my number one. And I do have to give you props, though, when you shared your Spotify wrapped in the Morning Brew Slack channel,
Starting point is 00:14:26 full of young tastemakers, they applauded your taste. They did because the other artists were Krungben, which everyone should check out. Lana Del Rey, I'm trying to think of who other, Charlie X, EX, and then I forget the fifth one. But yeah, I was applauded by the Gen Z people here, and I was very, very happy about it. Meanwhile, Spotify has got to be feeling really good right now. Its market cap crossed $100 billion for the first time. its stock price has surged 160% this year. So after many years of failing to make a profit and making this business model of music work,
Starting point is 00:15:03 it's finally found that magic. Up next, I've been waiting all week for this. I know you have to. It's time for Neal's Numbers. Welcome to Neal's Numbers, the segment where I share three stats from the week's news that gives you better brain food than fatty fish. Today's Neal's Numbers is a special one. It's a year-in-review edition.
Starting point is 00:15:27 Every December, I look forward to Tom Whitwell's article called 52 things I learned in 2024 in which he lists out 52 things he learned this year. They're always fascinating and send you into a deep rabbit hole. So my three numbers this week are drawn from a list of things I learned in 2024. My first number is that college students with last names at the end of the alphabet, starting with U through Z, tend to get grades 0.6% lower than students with A through E surnames. This was the conclusion of a University of Michigan Business School study that analyzed more than 30 million grades at a large university. What the heck is going on? Are Zimmermans just inherently not as smart as Bloomberg's?
Starting point is 00:16:10 Nope, the researchers controlled for a bunch of characteristics. Instead, the study finds that the surprising difference in grades is the result of teachers grading the students at the top of the alphabet first and the students at the bottom of the alphabet last. These days in college, instructors grade assignments using software, or what's, known as learning management systems that always sort documents in alphabetical order by surname. They always start with the A's and end with the Z's, a standardized process that never would have happened back when you turned in your examiner by paper and everyone's was jumbled up. So what's causing the grading discrepancy, the researchers hypothesized, is that instructors get fatigued by the end of their grading gauntlet, translating to worse scores for the end of the alphabet. Wild. It is wild. Another theory mentioned by the authors is that the
Starting point is 00:16:56 graders may tend to feel stricter if they've given out a string of A's. We've all been there on an exam before. We go, that's way too many Cs in a row. That's way too many Bs in a row. I got to switch it up. I think graders might experience a similar thing. We're like, I'm being way too nice right now. I got to start toughening up.
Starting point is 00:17:12 And you saw that too, not just in the quantitative grade grades that these people are giving, but also the qualitative feedback they were giving as well. For example, they found more negative and impolite comments the later on the grading process went, comments like, why no answers to questions two and three, you're setting yourself up for a failing game and never do that again. They were literally finding that as you progress through, you get a little cranky or maybe get a little bit more mean in your grading. You actually do give worse grades and also worse feedback. Now I'm just reflecting. I'm an F. Like, am I just a total fraud? I've just been getting grade inflation for years.
Starting point is 00:17:51 but this study actually did spur change at one of the companies that is this one of these learning management systems. They now offer a randomized version citing this particular study because if you keep alphabetizing, then the names at the end of the alphabet are going to continuously get penalized. So actually a remarkable finding. My second number is about the rise of the long movie title and the aburgence of the colon in a title along with it. You know what I'm talking about? Furiosa, colon, a Mad Max saga. The Chronicles of Narnia, colon, the voyage of the don treader. Percy Jackson and the Olympics, Olympians, colon, colon,s, colon, colonization of movie titles is a distinct measurable
Starting point is 00:18:34 pattern, according to Daniel Paris at stat significant. He found that the average length of movie titles increased by nearly two whole alpha numeric characters from the 1970s until now. Meanwhile, 16% of movies in the 2020s had a coldly. in the title, compared to 5% as recently as the 1990s. Paris argues that the surge of colon use in movie titles is a regrettable reflection of the rinse and repeat movies Hollywood puts out right now. He writes, these protracted monikers present stories known to audiences on intellectual property
Starting point is 00:19:06 while also offering a small degree of novelty. Hence, instead of Spider-Man 2 and Spider-Man 3, you get Superman, colon, man-of-steel, and Spider-Man, Colon, No Way Home. Here's parents once again. every film is an event a fleeting once in a lifetime experience that serves as a single chapter in a long-running and perhaps never-ending story. So this is a modern phenomenon that a lot, as you said, the inventification of movies has led to a rise in colon's. But you also quizzed the group yesterday and said, do you guys know what the longest movie title is that has a budget of $20 million
Starting point is 00:19:39 or more? And it's actually 2006, Borat, which goes Borat colon, cultural learnings of America for Make Benefit Glorious Nation of Kazakhstan. So that was funny because that was an ironic use of the colon. But in 2006, but as you go through and you see the sequels, you see the rise of these events, you do see a less ironic use of colon. So it was funny to trace the lineage of Borat making a joke out of it to it becoming a real phenomenon in the entertainment industry. My final number inspired by the 52 things I learned this year. Well, it's more of a fun fact, is something unique about Milwaukee's Mitchell International Airport.
Starting point is 00:20:15 It has multiple recombolulation areas where you can recombobulate after the hassle of going through a TSA security checkpoint. Is recombolulate even a word? Not really. It was apparently invented in 2008 by Milwaukee's airport director at the time, Barry Bateman, who wanted to give stressed out passengers a reason to relax and smile after going through security. He asked the sign shop about making a recombolation area. They replied, you know that's not a word, right? but they made it anyway, and the concept of recombolating has been embraced by the city ever since. It's also gained national recognition.
Starting point is 00:20:51 In 2009, the American Dialect Society declared recombolation the most creative word of the year. What's it mean? Simply the opposite of discombobulating or putting back in order. Toby, you lived in Milwaukee. Have you ever recombolated at the airport? I'm embarrassed to say that I just assumed this was a thing in other airports because, yeah, I saw the recombolation area. And you're just in an airport, you're on autopilot. So you're like, of course that's what it's called these days.
Starting point is 00:21:17 But I didn't know that there was such a backstory or that Milwaukee embrace the word so much. I do love airport psychology, though. Having a little bit of a funny joke like recombolulation does help that discombobulation, you know, stave off for a little bit longer. One of my favorite airport psychology stories that I've told you is that operators of the Houston airport had this one route where they just received a ton of baggage weight complaints where people, people are saying, I have to wait so long for my baggage on this one specific route, and they found that it was taking people one minute to walk to the baggage claim and seven
Starting point is 00:21:50 minutes waiting at the baggage claim. So what they did is just move the arrival gate. So people had to walk further to get to their baggage. And just the fact that they were walking rather than standing made those complaints drop off a clip. So I think it's very interesting that you can tweak very small psychological things like calling it a recombolation area and it might lead to real kind of changes. in consumer psychology of airport passengers.
Starting point is 00:22:16 Well, that list of 52 was just too dang good to only pick three numbers from, so you're getting a special bonus Toby's tally that I also polled from Tom Whitwall's curated list. And my tally is that there are just 16 trademark sense in the United States. That sweet 16 includes smells like Crayola Cranes, Plato, an ocean-scented indoor playground in Indiana,
Starting point is 00:22:38 and a type of gun cleaner that smells a little bit like ammonium and gas. Neil, this number, excuse me, tally, was surprising on a few levels. One, I never really considered that you could trademark a cent in the first place. And two, there are not a whole lot of cent trademarks out there. And it also got me thinking any sense that you think should be trademarkable. Two that have to be on there is anti-ends. I mean, that one is distinct and memorable. And then obviously gas station sent.
Starting point is 00:23:04 Oh, see, that's good. But I don't think those would actually pass the requirements for a cent trademark. they have to have non-functionality, so the scent must not serve a practical purpose or affect the product's quality or cost. So something like anti-ans, I don't think you're allowed to actually do. So, for example, perfumes, you're not allowed to actually trademark their scent since the scent is their primary function. So maybe food works because I guess smell isn't its primary function, but I don't know, you might be up against it when it comes to trying to trademark anti-ans. Let's sprint to the finish with some final headlines. The French government is in a shambles after a no-confidence vote passed the National Assembly yesterday, ousting the Prime Minister
Starting point is 00:23:44 and sending Europe's second largest economy into its deepest political crisis in decades. Lawmakers on the left and the right linked up to boot Prime Minister Barnier, who released an austerity budget they could not get on board with. Barnier proposed more than $63 billion in spending cuts and tax hikes to narrow France's deficit, which was projected to reach more than 6% of GDP, double the EU's limit. Now, France is without a functioning government or a workable budget for 2025. So the question remains how it will fund basic operations
Starting point is 00:24:16 like paying the bills and collecting taxes in the year ahead. It is a colossal mess. It is a colossal month. Unprecedented. No one really knows what happens next. Parliament will probably pass a special law that will allow the government to, you know, pay its bills, keep the lights on,
Starting point is 00:24:31 collect taxes in the meantime. But a lot of people are kind of looking back through history. This is the first time that a dispute has forced prime minister out since 1962. So people are kind of looking around the room saying, like, do you know what we do now? Do you know what we do now? And there's not a lot of people in the room who do know. But hopefully the French government can figure out how to at least make it to the end of the year without a budget. There was a bird versus magic showdown in the GLP1 weight loss drug category recently,
Starting point is 00:24:57 and it wasn't Novo Nordus products that came out on top. The Danish drug maker behind OZempic took an L in the first randomized control. clinical trial comparing its weight loss drug Wagovi to Eli Lili's Zepbound. According to the trial results, patients who received Zepbound injections lost in average of 20.2% of their body weight over 72 weeks compared to a loss of just 13% for Wagovi. Neil, for so long, Novo Nordisk and its products, Wagovino Zempec, have been synonymous with this new class of drug, but it's losing out a little bit on performance. It is, but my conclusion is this is still an incredible amount of weight loss
Starting point is 00:25:35 from both drugs. But now, because it lost this particular test, which hasn't been peer reviewed and will be published next year, you're probably going to see Novo Nordisk and Wagovi hype up their other benefits. You know, Wagovi has been found to reduce the risk of heart disease and people who have obesity or are overweight. So you'll probably see Novo Nortis messaging and branding of these drugs. Start to talk about the incredible other benefits that may have in addition to weight loss, just in that competition that it has with Zepbound, which Zepbound does an incredible insane job at reducing people's weight.
Starting point is 00:26:11 Major League Baseball has introduced a bunch of rule changes in recent years to keep up with the times, the pitch clock, bigger bases, and more. But another potential rule change floated by Commissioner Rob Manfred has everyone in the baseball world talking this week, the Golden at Bat. The Golden at Bat means that each team
Starting point is 00:26:29 would have one opportunity per game to send anyone they want to the plate to hit. You can imagine what that might look like. It's the ninth inning. Base is loaded, two outs. You're down by one. But instead of the Journeyman's second baseman come into bat, you can swap them out with your best player,
Starting point is 00:26:44 like a show Hey Otani or Juan Soto. It's unclear whether this is a serious proposal or not. Manfred mentioned the golden at bat in passing on a podcast in October, saying there was a quote, little buzz around it at an owner's meeting. But if implemented, this might break baseball. So I was talking to some baseball fanatics out there, one of which is your brother.
Starting point is 00:27:05 And he said that baseball is as close to a perfect game as you can get. But that is maybe something a baseball harder would say. Maybe a casual fan would be like, I do want more of those moments. And I was reading this athletic article that said that for 150 years, the best moments in baseball have come from these late inning at bats that happen organically. It is the journeyman second baseman that can send you to the World Series or something like that. But if you were to step back and design the sport from scratch, wouldn't you want more of those moments, not fewer? And by allowing you to put your best players in those moments, it would create more of them. So I'm not saying one way or the other which way of this to go, but if you were kind of looking at it from that perspective, of course you'd want more of these moments.
Starting point is 00:27:47 I think for baseball fans, this would be a step too far. You know, some of Manfred's changes have increased viewership. The World Series was its most watched in seven years. There does seem to be a little more buzz around baseball. but changing one of the most fundamental things about baseball, which is that the person who is batting next in the lineup most often has to go bat and face the pitcher. That is something you cannot change.
Starting point is 00:28:10 And I could see just a massive uproar that would probably lead to Manfred, you know, just leaving town. That is all the time we have. Thanks so much for starting your morning with us and have an epic Thursday. For any questions, comments, or feedback, send an email to morning brewdaily at morningbrew. If you have no questions and are fully satisfied, then help out a friend in need of a morning news podcast and share the podcast with them. For today's sharing inspo of the day, here's Toby.
Starting point is 00:28:36 I want you to share the podcast with someone who posted their Spotify wrapped yesterday, but didn't have Morning Brew Daily in their top five podcast. I do just want to give a shout out to everyone who did spend time with us last year. Thank you so much. It was very cool to see your Instagram stories come in. But now help us sow the seeds for more MBD on people's raps. next year. 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.
Starting point is 00:29:05 Billy Minino is on audio, hair and makeup is recombulating. Devin Emery is our chief content officer and our show is a production of Morning Brew. Great show, Daniel. Let's run it back tomorrow.

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