Morning Brew Daily - Streaming Saves Disney & Video Games Keep Crushing It

Episode Date: November 9, 2023

Episode 188: Neal and Toby discuss why WeWork's bankruptcy could majorly disrupt the commercial real estate market. Plus, the guys share the biggest takeaways from entertainment and video games earnings reports and why Disney may be leaning on streaming to bring in cash. Neal shares his favorite numbers and Google's co-founder's 'Airship' is ready to take flight. And finally, why the Washington DC Pandas leave the Capitol on a first class flight back to China. 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

Marketers, tell us if this sounds familiar. You invest in something that seems incredible like millions of views, but then don't see any revenue. Instead, invest in what looks good to your CFO. LinkedIn Ads generates the highest row ads of all major ad networks. Spend $250 on your first campaign on LinkedIn ads and get a $250 credit. Just go to LinkedIn.com slash MBD. That's LinkedIn.com slash MBD. Terms and conditions apply.

Good morning, Brew Daily Show. I'm Neil Fryman. And I'm Toby Howell. On today's pod, a massive airship from Google's co-founder wants to make blimps great again. But is it too soon after the Hindenburg? Then WeWork's bankruptcy is hitting the commercial real estate market harder than reality hits an English major after college. It's Thursday, November 9th. Let's ride.

What do you have against English majors? I am an English major, so I can say that, Neil. And I'm a history major, and we did okay. Okay, big news last night, the Hollywood Actors Union said it agreed to a 10. agreement with major studios that will end the longest actor strike in history lasting 118 days. We don't know all of the details yet, but we do know that the deal offers the first ever protections for actors against artificial intelligence and a historic pay increase in which most minimums will rise 7%.

What does this mean for you? The new season of your favorite TV show will finally return. Hollywood production had frozen over during the writers and actor strike, but with both walkouts, snow over. Showbiz is finally getting back to work. Toby, what are you most excited about coming back? I am most excited for celebrity late night appearances on talk shows to promote their movies to come back. My entertainment diet just hasn't been complete without it. I mean, no celebrity lip sync from the latest Marvel movie cast, no wheel of musical impressions to promote the new Hunger Games movies. How did we survive? Thank goodness. Hollywood is back.

These were some dark times. I'm most excited for Severin's season two. That is an exceptional show, and I'm sure we'll get a lot of responses from people being like, what's that show? Or I love it. It's a great show. You have great taste, Neil. Before we dive into the news, we have a quick word from our friends at Brex. Neil, on three, I want us to both say our favorite thing about Brex at the same time. I'm ready.

One, two, three. Brex AI. Wow, we are so in sync. Just like businesses that use Brex. Brex AI helps reduce expense busy work by 10x. while increasing compliance and accuracy with smart automations for any kind of spend. Man, I need Brex AI to help with every part of my life, not just managing corporate spend. If you are interested in trying out Brex, head to brex.com today.

It's time to refresh your yard during spring backyard days at the Home Depot. Get low prices guaranteed on propane grills starting at $179, like the next grill 3-burner gas grill. Or get $50 off a select Weber 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. Let's dive into the news. Neil, on Tuesday, we talked about WeWork filing for bankruptcy in the ugly state of its balance sheet.

Now we're getting our first look at how it's trying to wriggle out from under some of those ill-time leases it signed. Yesterday in bankruptcy court, it started asking its landlords to make some concessions on certain leases in order to try to reduce the amount of debt it owes. The idea is to strategically shrink the company's footprint by getting out of at least 69 of the worst leases to start while keeping the rest of its 600-plus locations open and operational. Unfortunately, it could not come at a worse time for landlords. 20% of U.S. offices already sit vacant, and WeWork's financial woes are only going to make things work. New York City, San Francisco, and Boston are likely to be hit the hardest by the bankruptcy,

with WeWork planning to close 35% of its footprint in those three cities, sending 1.9 million square feet of office bait back onto an already oversaturated market. It is brutal out here for the commercial real estate industry. Rising interest rates have made financing projects more expensive, while around $270 billion in loans held by banks will come due in 2023, according to a commercial real estate data provider. Throw in WeWork trying to pull out of these leases, and you have all the makings of a messy few months ahead.

Look, we've been talking about WeWork for a while. It seems like this story was coming to an end when it filed for bankruptcy. But this is just beginning, because it has 4.2 million square feet of office space in New York City alone. And now that it filed for bankruptcy, I didn't know this, but researching this story,

that gives you a ton of leverage with landlords just to say, well, I'm out. So landlords are saying, Wait a second. We need you to fill this space. So why don't we come to terms and renegotiate these leases, which it's been doing for the past few years. But bankruptcy will certainly accelerate these renegotiations, or it's just going to leave altogether and only increase the vacancy problem that landlords are already facing.

They have hundreds of billions of dollars in loans coming due next year. Many of them could default on them. This is another shock to an already beaten down industry. Yeah. Look at what could happen to this industry. I mean, if WeWork leaves, that will increase vacancies, which means it might lower some of the cash flow for some of these real estate operators, which might make making payments on debt much, much more difficult. In a worst case scenario, it causes this cascade of default on all those loans, which then could affect the banking system. You can see how this can quickly spiral out of control just from what WeWork, because I don't think people realize just how big WeWork's footprint was, especially in New York City.

At one point, it was the largest commercial leaser of office space in the city. And in Boston and many other cities. Right. It is not a small company. Even still, to this day, it is still has this massive footprint. It's not going to affect all buildings the same when I worked in. I did some work in commercial real estate at one point in my life before I was a podcast host or a newsletter writer. And it's subdivided into different classes.

They're different categorization. There's class A, which is think like Hudson Yards, super nice. Class B, which is old. older, class C, which is even worse than that and lower quality. Class B and C were already doing really badly. It was hard to find tenants for them because, you know, if a, if a company wanted to lease office space at this point post-COVID, they wanted to be the nicest thing possible. So, WeWork had a lot of Class B office space and some Class C as well, not as much Class A. So landlords that were already trying to find tenants for Class B and C, which are average, like, 96 years old. These

buildings are 96 years old and older, the fact that WeWork was over exposed to those and those are going to become more vacant makes those particular properties even more toxic than they were. Absolutely. The funniest part of this whole thing to me, Neil, is now is Loki the perfect time for Wework to be founded? I mean, there's tons of cheap and vacant office space right now. Remote and hybrid work is more popular than ever, and people are coming to terms of the fact that they don't really want to be stuck in their apartments all day, so they're looking for a place. to work. I am legit not kidding. Adam Newman has the chance to do the funniest thing ever. He still has, he got that golden parachute when he left. WeWork's enterprise values only like

$44 million right now, between $40 and $50 million, their market cap. What if he just bought WeWork again? There's no way the board would approve it. I know. SoftBank like owns most of this company now and they got burned by him for $15 billion. A man can dream though. How great with that? Toby wants that for content. Please, please Adam. Okay, moving on. There was a flood of earnings reports this week, particularly yesterday, and we got some juicy updates from companies that we think you'll be interested to learn about. We grouped them into two broad categories, entertainment and video games, which I guess is not so separate. But we're going to start off with some entertainment news, starting with Disney.

The company just turned 100 years old this year, and it has been showing its age with declines in its legacy TV business, box office struggles, and mega losses in its streaming push. but yesterday's results show that things might be headed in the right direction. Disney's streaming service unit only lost $387 million, which is lower than its $1.5 billion lost last Q3, plus it added about 5 million subscribers. The division that includes its theme parks and cruise ships continue to rake in the profits, posting a 31% rise in operating income. And I got to say, after months and months of people talking about Disney in crisis, does not appear to be in total crisis.

CEO Bob Eiger is cutting $7.5 billion in costs across the company, and his streaming service could end up being profitable next year. So it's lasted 100 years. I think it's going to last many more. It's got too many good things going for it. Yeah. I think the Disney Plus number was really good to see. It added 7 million new core Disney Plus subscribers, which, again, I feel like Disney is

kind of coming and going with, or it ebbs and flows with how Disney Plus is doing. They're also looking to combine Disney Plus and Hulu. to a single experience for subscribers. So, I mean, it's a little confusing right now because they have so many different properties, but if they can kind of consolidate everything, get it all under the same umbrella, maybe go like the HBO,

which we'll talk about the max route. I do see a good future ahead for Disney, especially as they're entering like this, I don't want to steal Zucks terminology, but you're of efficiency, the cost-cutting measures. Did you know Hulu is not available outside of the U.S.? No, I did not?

I thought you were going to say, do you know Hulu has live sports? That's how it conditioned by me. Hulu is not available outside the U.S., and they think that's a way because Disney hasn't owned all of Hulu. It's still had to buy out Comcast steak, 33% stake in it, which it's doing now. And the going theory in Hollywood is that it didn't expand it globally because it would inflate the valuation of Hulu, which would make it even more expensive to buy out Comcast steak. So it's doing, so it's buying out the stake now, and then maybe our listeners around the world will get to, you know, Experience Hulu, whatever that means.

Yeah. Okay, let's head to another entertainment giant Warner Brothers Discovery, which owns properties like CNN, HBO, and Warner Brothers movie studio. This is kind of the opposite story of Disney because even though it scored $1.5 billion from the Barbie movie, shares fell 19% for their biggest daily drop in more than two years. The problem? Television. TV ad revenue is down 12%.

And as you and I and everyone listening knows, this money isn't going to start magically appearing since more and more people are cutting the chord. Of course, Warner Brothers has streaming to the newly renamed Max, but that's losing money during what its CFO called an extraordinary light content slate this quarter. In other words, there was a writer's and actor strike. So at least Max will be getting more new shows heading into the new year as those strikes came to an end. But as its CEO, David Zoslov said, this industry is going through a generational disruption and it's hard to go on offense. Yeah, it feels like Warner Bros. is Disney without any of the bright spots. They don't have any of the

parks revenue to offset the losses because Disney and Warner Bros are facing like this very soft soft ad market and this generational shift in how people are consuming media. But yeah, Warner Bros doesn't have this awesome division to kind of offset everything. I was just thinking, where would they be without the Barbie movie, though? It'd be really, really ugly without Barbie. So yeah, give Greta Gerwig a little pat on the back. They don't have theme parks, but you know what they do have video games. They have a pretty good video game studio and Hogwarts Legacy.

was a massive blockbuster for them. And so I think they're going to start leaning into more video games, as we'll talk about. We will talk about that. Is a big money-making opportunity. Okay, for our final entertainment company update, we've got to talk about the sphere. Las Vegas's buzziest attraction that opened this fall actually lost money last quarter, nearly $100 million. And that's despite debuting with a sold-out run of shows with you two. But the biggest news around the sphere comes around the scandalous exit of its CFO.

Guatom Ranji, who worked for the Sphere for 11 months, quit his job last week. And here's why, according to the New York Post, in a meeting to prep for the earnings report, Sphere and MSG owner James Dolan went on one of his quintessential tirades, yelling at screaming at the CFO, who in response left the room calmly and gave his notice. God, I want to quit a job like that one of these days. One of these days, Neil, we're going to be having a particularly tense pre-show meeting. I'm just going to calmly walk out and say, I am done. But yeah, I'm not worried about the sphere, honestly, because I do think things were still just ramping up.

The advertising business was just ramping up. The shows weren't a full, full packed slate as of now. I've been seeing great advertising plays already on the sphere. The Xbox bought it out, and they turned the whole thing into the Xbox logo. So I do think it eventually will become a major moneymaker. It's just too conspicuous not to. And I think we have the F1 race in Vegas coming up, which the sphere is going to be everywhere. Center of attention.

Prepare for that. it's going to be a massive spectacle. Okay, our next little earnings roundup takes us to the video game sector where it's pretty much been nothing but good news recently. Up first, I want to talk about Take 2, the company behind Rockstar Games, who makes the massively popular Grand Theft Auto franchise. Its stock jumped as high as 9% yesterday

as the company teased that they would release a trailer for Grand Theft Auto 6. Yes, just a teaser for a trailer was enough to send shares flying. That's because the new GTA game is a really, really, really, big deal in the gaming community, mainly because the last edition of the game came out almost over a decade ago in 2013. Just to give you a sense of how excited people are for this game, Rockstar's GTA6 trailer announcement posts is currently the most like gaming tweet of all time. The second most is Rockstar statement after someone leaked part of the game, and the third most

is a tweet from them confirming that GTA6 was in development. It beat earnings expectations on revenue yesterday, but the focus is squarely on the future. Shares are up 39% year-to-date, purely based on the hype for this one GTA-6 game. It's crazy. I didn't realize that the last one came out 10 years ago. It sold a billion dollars worth in three days, so you can imagine why investors are super excited about this next edition, which is going to take place apparently in fictional Miami and feature the first female protagonist of the series.

I've never played it. My mom always says, stay away from Grand Theft Auto. But I mean, Mom, I'm a big boy now. Maybe I'll try out Grand Theft Auto 6. Speaking of best-selling game franchises, Nintendo reported earnings yesterday, and the big news is that it's developing a live-action film of its game franchise, The Legend of Zelda. That caused shares to rise as much as 7% on the Tokyo Stock Exchange, their biggest intraday gain in almost three years. And all that investor enthusiasm comes from the potential success of the movie. Remember, the Super Mario Bros movie pulled in $1.4 billion at the global box office.

And while Zelda probably doesn't pack the same punch as Mario and Luigi, it's not far behind in terms of popularity. Neil, these movie remakes of games have unlocked a whole new revenue stream for these gaming companies. Yeah, and they've extended the life of consoles because the Switch has been going on for six years now. And the release of Zelda has only extended that even more, even though Zelda, the first one, came out 40 years ago. So just like GTA, it's very, I meant to say Mario extended the life of Switch. Sorry. But just like we're seeing with GTA, that these franchises that have been going on for decades are continued to be beloved by consumers. Finally, let's talk about Roblox. Roblox is back, baby. Turns out when all the use are home from school for summer break, they play a lot more video games.

Roblox's average daily active users searched 20% to 70 million in the past quarter, which also helped drive a 20% jump an hour spent on the platform. And when the kids are online, they are buying Robux. Purchases of the in-game virtual currency came in at $839 million smashing expectations. Neil, the secret to success for a $24 billion company, just be bored at home over for break. Yeah. Yeah. So just taking all of these together, all these video game reports, Nintendo did well, Roblox did well, Take 2 is doing well. The post-pandemic slump for video games has not really extended. People are still playing video games. This is not a boom and a bus thing. This is a boom during COVID,

maybe a little trough right after. And the video game industry is still doing very fine. People are still playing video games. Okay, Neil, before the youths make fun of us for how we're talking about their favorite games, we're going to take a quick break. Study and play. Come together on a Windows 11 PC.

And for a limited time, college students get the best of both worlds. Get the Unreal College deal, everything you need to study and play with Select Windows 11 P-Ces. Eligible students get a year of Microsoft 365 premium and a year of Xbox GamePass Ultimate with a custom color Xbox wireless controller. Learn more at Windows.com slash student offer. While supplies last, ends June 30th, terms at AKA.m.m.m.m. You said this place was steps from the water. We just haven't found the steps yet.

How much did we save? Enough. Enough to get lost. Or you could book a stay with Hilton. Welcome to your ocean front room. Just steps from the water. The Hilton sale is on now. Book on Hilton.com or the Hilton app and save up to 20% to get the stay you expected. When you want savings, not surprises. It matters where you stay.

Hilton for the stay. Welcome to Neal's numbers, the segment where I share three stats from the week's news that will make your head spin faster than Jupiter, which is the planet that spins the fastest. Did you know that? Thank you for that. Okay. For my first number, let's talk about oil. because as harry as times are around the world, you wouldn't know it if you went to the gas station.

Oil prices fell to their lowest level since mid-July yesterday, and they're now below their price before the Israel-Hamas war began. It's an indication that contrary to fears, traders aren't expecting the conflict to spill over to other areas in the oil-rich region and disrupt shipments. And then there's, that's the supply side. On the demand side, new data from Europe and China signaled their economies were slowing. So here we are with falling prices. That's, of course, great for drivers in the U.S.

Thousands of gas stations are selling regular below $3 a gallon, and there are some below $2. And if you're looking for some of the cheapest gas in the country, I will direct you to an exit off of I-25 in Northern Colorado. There is a price war going on between the quick trip there, the Circle K, and the Phillips 66 at a single intersection, and someone spotted 99-cent gas at the Phillips station on Sunday. So I think it's risen to the low two since then, but that town, Firestone, Colorado, might have the cheapest gas in the country. Would you wait in line? Because obviously, a line developed.

You wouldn't do it? No, there were hundreds of cars in line once this picture went around. I would absolutely not do it. I feel like if I had a big, like, ram truck or something, I would. Because you're saving probably a hundred bucks there. Yeah, it totally depends. Yeah, on your car. So, all right.

I don't, I really don't like waiting in line. You value your time. I'll always, like, pay maybe three to four dollars or something just to not, you know, to not wait in the line because I do value my time. Time is money. Okay, for my second number, let's talk about, WhatsApp. Many Americans probably know WhatsApp as the messaging service they download when traveling abroad or the one that's popular from their international friends, but it is growing like

a weed in the U.S. A New New York Times report revealed that more than half of Americans aged 18 to 35 who own a cell phone have installed WhatsApp, making one of META's fastest growing services in its most mature market. And Mark Zuckerberg, who bought WhatsApp for $19 billion in 2014, is starting to think about ways to make money from it. In an interview, he said that if you're envisioning what will be the private social platform of the future, starting from scratch, he thinks it would basically look like WhatsApp. So safe to say, he's bullish, and honestly, me too. I think medicineing on a gold mine.

Yeah, they have this little story, Snapchat-s story product within WhatsApp. And Mark Zuckerberg said that it's become the world's most used stories product. So you think about Instagram stories, you think about, I don't know if anyone's using Snapchat stories anymore, But it turns out this WhatsApp story feature is just so used. I just recently redown on it. I'm not a WhatsApp guy, but my soccer team I play on. Mostly international guys, they're like, you got to get on WhatsApp. So I'm one of the numbers.

I've moved all of my group chats to WhatsApp, mainly because I'm the only Android in the bunch, and they're so frustrated that they can't react and send pictures. But, yeah, it's so huge globally. I was talking to my friend in Tanzania yesterday. We're talking about this article, actually, on WhatsApp, of course. And he was like, this is the most important communications platform. business after email. And then another crazy staff from the article was that in Brazil, 30 to 40% of new leads

for Nissan, the car company, come from WhatsApp. It is big for businesses. If you give businesses the tools to use this, I think, I don't know. It's getting even bigger. Yeah, like for all to talk about Metaverse and AI, I think Meta's core social media product like WhatsApp and Messenger are going to really drive revenues going forward. So, man, WhatsApp. I love it.

Okay. For my final number, some good news for people who look. like to listen to books rather than read them, Spotify said it would be allowing its premium members in the U.S. to access more than 200,000 audiobooks in an expansion of a program it began earlier this year in the UK and Australia. So as part of your Spotify subscription, you'll get 15 hours of monthly listening, which is plenty for a couple of Sally Rooney novels, but not long enough to find out what happens to Boromir at the end of the Fellowship of the Ring, so I won't give that away. Why is Spotify rolling this out? Because audiobooks are huge among the youths.

internal survey, 72% of 18 to 34-year-olds listen to audiobooks, and it's part of CEO to make Spotify your home for all things audio, not just music. Yeah, this to me is finally the fruition of his vision, because audiobooks was the one big thing they were lacking. Not great for Audible, though, because why would you ever go to a separate app? A lot of the kids already listen to Spotify primarily, and if it is included under your base subscription, then now it's finally becoming that home for all things audio that it's always promised. Yeah, I don't I think the 15-hour time limit for a month is not a lot. Yeah.

I don't know. Audio books are pretty long. I see people reaching the max there and maybe going with Audible for a more comprehensive audiobook experience. That's true. All right, Neil, thank you for those numbers, as always, but we have to move on. Our next story is perfect for me because it involves a lot of hot air. Yesterday, the little-known airship company backed by Google founder, Sergey Brin,

unveiled its first craft for a test flight, and it is massive. When I say airship, I'm talking bigger than a blimp, bigger than an airplane. The helium and electric motor powered Pathfinder 1 that hovered off the ground yesterday is actually longer than three Boeing 737s. It's made by the company called LTA, which stands for lighter than air, whose eventual goal is to mass produce these gigantic ships. Bryn, who's worth over $100 billion, is funding the company mostly because he just really rich and loves airships, but also he and CEO, Alan Weston, see them up.

ushering in a new era in flight. Airships are better for the environment, provide a much more pleasant riding experience for passengers, and could also eventually carry 200 tons of cargo, which is roughly 10 times as much as a Boeing 737. Neil, there are so many interesting angles to this story from the eventual use cases to the brand-new manufacturing process LTA has developed. Where do you want to head first?

This is what happens when you have a midlife crisis, and you're worth $100 billion. I'm sorry. You don't like it? You don't think... I'm all for innovation. I'm a huge aviation geek. I love all things airplanes.

But there is just not a market for this. There's not an organic market. This is a pet project by Bryn. He loves airships. I don't think there's any particular demand for this. We do have a lot of other options going on. There's electric drones being developed and different types of helicopters. So I don't know exactly where this massive airship fits in.

to the overall transportation, aerial transportation infrastructure, besides being like a novelty thing for luxury tourists or maybe some cargo, but I don't know. I'm pretty bearish. 200 tons, though, is a very big cargo load. So I do think there's certainly a cargo angle. There's also this humanitarian aid angle because these airships don't need any infrastructure. They don't need a landing runway to take off or land.

So you can kind of put them down anywhere around the world. so I see that angle as well. And yeah, I mean, this is a very pleasant form. I don't think you can overlook the fact that you can stick your head out the window while you're flying. It is kind of this ethereal, magical experience. So I don't know. I'd love for it to work out. I just don't think it is.

But I'd be more than happy to be proven wrong. Yeah. Okay, so also these airships are famously not blimps. Blimps are just kind of inflatable floating bladders. While these airships has these rigid carbon fiber internal structures are much more robust. But, Neil, you actually have some favorite blimp facts. Would you like to share with the class? Well, one of them is that there aren't any blimps in the world.

There's 25 left in existence, and only half of them operate. So anytime you see that Goodyear blimp above Monday Night Football or something, it's pretty much that one's just being used around the world. So they're just a little, they've gone the way of the dodo a little bit. Okay, finally, let's head to the National Zoo in Washington, D.C., where for the first time in 51 years, there are no giant pandas. The three pandas that were at the zoo left yesterday to head back to China, it was an emotional moment for the city that had quasi adopted these animals as its mascots, putting them on metro

cards, buses, hats, scrunchies, scarves, totes, and water bottles. But geopolitics intervened. As tensions between the U.S. and China have risen in the past few years, pandas in San Diego and Memphis have all returned home, and the remaining fort in Atlanta are set to depart last year. Some analysts say the recall of the pandas, which China owns and leases to U.S. zoos is a direct reflection of the deteriorating relationship between the world's two great powers. So now these pandas are somewhere off the east coast of Japan and a Boeing 777 freighter

dubbed the Panda Express on their way to Chengdu, where there surely be treated like homecoming kings, but China's gain is our loss. I know. The logistics of this operation are fantastic, Neil. First of all, for security reasons, the exact date of the departure wasn't released, so there wouldn't be mobs of panda fans waiting. But then the first step is you've got to forklift them in their crates into trucks, drive them to the airport. Zookeepers were crying. It was a whole emotional thing.

Then they were loaded onto that FedEx Express 777 freighter plane. It has this custom panda decal on the side. And yeah, as you said, it's lovingly known as the Panda Express. And then the pandas were already acclimated to the crate so they shouldn't be distressed. And they're also not going to be distressed because they have fantastic in-flight food. We're talking 220 pounds of bamboo, eight pounds of, low starch biscuits, six pounds of apples, five pounds of carrots, six pounds of sweet potatoes, and this one's my favorite, one pound of cooked squash. I love that they're living in luxury

and that they have plenty of snacks to keep them well fed over the plane. I'm flying panda class next time. Seriously, it sounds great. They asked the pilot of the plane, like, do you love pandas? He's like, absolutely, I love pandas, but he's trying to be very, very serious. He's like, I won't climb back there, but I do love them. So everybody loves these pandas. I will miss you, Pandas. That's our show for this Thursday. I've got an important announcement. We are not going to be doing a news show tomorrow since Veterans Day is being observed. Instead, we'll be discussing many of the startup ideas you all sent with two very special guests. So let's just hope nothing massive happens in the world today. And if it does, we'll be back on Monday to talk about it.

If you miss us over the long weekend or have any thoughts, questions, concerns on the show, make sure to write into Morningbrewdaily at Morningbrew.com. Let's roll the credits. Emily Milliron is our editor and producer, Samantha Velez is our associate producer. Yuchinawa Ogu is our technical director. Billy Minino is on audio, hair and makeup hitched a ride on the Panda Express. Devin Emery is our chief content officer and our show is a production of Morning Through. Great show today, Neil. Let's run it back tomorrow. All pay off your home, travel for life, drive a Ferrari.

In celebration of the world premiere of the Monopoly Big Board Bucks slot machine by Aristocrat Gaming, Yamava Resort and Casino at San Manuel is giving one person a $1.6 million dream package. The biggest prize in Yamaba's history. Club Serrano members can earn daily instant prizes and secure a spot in the finale May 29th. Don't pass go and own it all. Only at Yamava, celebrating its 40th anniversary. You win? Details at yamava.com must be 21-20.

Please gamble responsibly. Monopoly is a trademark of Hasbro. Hasbro is not a sponsor of this promotion.