Morning Brew Daily - Walmart Winces at Tariffs & Cracker Barrel’s Stock Sinks From Logo Fiasco
Episode Date: August 22, 2025Episode 654: Neal and Ann preview the biggest economic event of the year in Jackson Hole as all eyes are on Fed Chair Jerome Powell’s address. Then, Walmart is standing pat against the force of tari...ffs as it remains resilient amidst rising costs, but how can it hold? Also, Google’s Pixel 10 was unveiled and everyone is noticing how it’s lapped Apple in the AI-powered smartphone space. Meanwhile, Palantir suffers its sixth straight drop after a short-seller’s report is calling its bluff. Finally, people are mad at Delta, United Air, and…Cracker Barrel? 00:00 - Most embarrassing lines for food 3:45 - Powell’s swan song speech 7:50 - Walmart thinks it can handle tariffs 12:00 - Google Pixel 10 impresses 17:50 - Palantir…more like palan-tears 22:00 - Sprint Finish! LinkedIn will even give you a $100 credit on your next campaign so you can try it yourself. Check out LinkedIn.com/mbd for more. Submit your MBD Password Answer here: https://docs.google.com/forms/d/1Yzrl1BJY2FAFwXBYtb0CEp8XQB2Y6mLdHkbq9Kb2Sz8/viewform?edit_requested=true Check out Brew Markets here: https://swap.fm/l/9Qk4z73Z2nEwFiCB4qee 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://www.swap.fm/l/mbd-note Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
Discussion (0)
Consider this comparison.
PWC data found the percentage of CEOs who report revenue gains or cost reductions from AI
is almost equal to the percentage who say they're still stuck.
What separates these two groups?
PWC points to a clarity issue.
Even for CEOs, it's hard to tell what's AI hype, what's reality, and where this tech
can make a tangible difference.
Learn where AI can actually make an impact and what successful adoption looks like at
pwc.com slash US slash brew AI.
That's pwc.com slash us slash brewAI.
Good morning brew daily show.
I'm Neil Fryman.
And I'm Ann Barry.
Today, all eyes are on Jackson Hole
where a B-C drone pal will deliver
the most consequential speech of the year.
And has Google made green text cool?
It's Friday.
Heck yeah.
August 22nd, let's ride.
Everyone agrees that in big cities,
eating at the most popular restaurants
has gotten way out of hand.
By that, I mean,
sometimes you have to wait in hours-long lines
to get into them.
And there's truly nothing more embarrassing than waiting in line to eat at any restaurant,
no matter how world famous it is.
But not all lines are equally embarrassing.
And thankfully, the infatuation created a list of the most embarrassing restaurant lines in America.
Here are a few.
In New York City, the most embarrassing line to wait in is for Apollo Bagels and Breakfast by Saltzkear.
In Austin, it's Franklin's barbecue.
Agree with that.
In Chicago, Kasama, a Filipino breakfast place.
And in LA, it's the Aeroon, Beverly Hills and community goods.
And what is the longest you'd wait in line for a restaurant?
Okay, 30 minutes, I'm heading down the block with one exception.
If they're going to bring me a cocktail to sip on while I stand in line, maybe I would suffer for 45.
It's truly shameful experience.
I waited in line at this place called Four Horsemen in Williamsburg, which is a pretty
renowned wine bar and small plates place.
And, you know, it was a half hour, but the entire time I was looking over my shoulder and
looking at people walking along the street who are looking at me, and I was just thinking
to myself, this is the most embarrassing thing in the world.
But why, hang on, why were you embarrassed?
Because there are an infinite amount of places to eat in this particular square block.
And the fact that I'm waiting in line for a particular place because they have some wines
that I can't even appreciate was a shameful experience to me.
But I got in and it was amazing.
So if you can handle that and you can handle that and you.
and you just enter the restaurant, it's a perfectly fine experience.
Great. So this question is really, is it worth it?
Right.
Perfect.
Well, now, a word from our sponsor, LinkedIn ads.
Neil, I have a question for you.
I recently got an advertisement for an aluminum jaguar, which makes no sense.
Who would need such a thing?
That is wild, but it's almost worth the wasted ad spent to hear you say aluminum and
Jaguar.
Sounds like those marketers aren't utilizing LinkedIn ads.
They can help you stop wasting resources like money, time, and effort, like 71% of B2B ads.
They can link you with the right audience for your brand.
Americans, not people like me who say aluminum otherwise.
LinkedIn ads has over 10 million C-suite execs and over 130 million decision makers,
aka the people you need for your business on their platform.
And you can target by job title, industry, company, and more.
So check out LinkedIn ads.
LinkedIn will even give you a $100 credit on your next campaign so you can try it for yourself.
Just go to LinkedIn.com slash MBD.
That's LinkedIn.com slash.
MBD, terms and conditions apply only on LinkedIn ads.
Wyoming may have just two escalators, but today it's at the center of the economic universe
as Fed Chair Jerome Powell delivers his most important speech of the year in Jackson Hole.
In a room adorned with elk antler chandeliers, Powell will give the keynote address at the Federal
Reserve's annual symposium in the resort town, and it's going to be a lot more stressful than
the best man's speech you're preparing. The Fed is facing a double whammy of challenges, one economic,
political, both intense. On the economic side, Powell is in a pickle. His job has two components,
keep inflation stable and foster maximum employment. But right now, each of those trends are going
in the wrong direction. On the one hand, inflation is still above the Fed's 2% target and appears
to be heating up due to tariffs. On the other, the labor market seems to be slowing down in a big
way. And here's the problem. If you're Powell, you can try to fix one, but you'll likely
end up making the other worse. For instance, the Fed has been facing calls to lower interest rates,
which would give a boost to the job market, but that may also cause inflation to go higher.
And that brings me to the next pressure point, politics. The Trump administration has tried to
exert unprecedented control over the Fed, sparking concerns that political considerations will
bulldoze the central bank's long-held independence. Powell's term ends in May, and the search is
already on for a successor that's loyal to President Trump. So here's Powell, in the middle of the storm,
stepping up to the mic at 10 a.m. Eastern time. And what are you going to be looking for?
All right. Let's start with talking about some of the political things, because that's a little
spicier, and then I'll come back to some of the economic things I'll be looking for. So as you said,
federal chair reserve, J-PALs been under enormous political pressure calls to resign,
questions about his integrity. So this Jackson Hole Symposium, it's the last one of his tenure,
right? And so I think he's going to take this opportunity to do two things when everyone's
watching him. And by the way, everyone in the market's watching him. We talk about that in my
showbrew markets. First of all, I think he's going to double down on the message the Fed
should stay independent. I think that's a huge thing he wants the world to hear. The second thing I
think he'll do, I think he's going to give us a laundry list of all of his successes to preserve
his legacy. I think he wants articles coming out of this thing. Okay, he did stuff right.
And he is, that would be maybe a surprise or a zigzag from what he usually does, because
typically the Fed Chair uses this speech in Jackson Hole to wax poetic about certain esoteric
economic issues that maybe those of us who aren't so clued into nitty-gritty economics
like necessarily won't understand. At the same time, he's also used it to tee up certain policy
changes like last year. He got up to the mic and said that we are about to cut rates. He didn't
say it exactly like that. He said it like a Fed share would say it. And then they went ahead and
cut rates by 50 basis points and further going to the end of 2024. So you think we're going to
see maybe a little bit more combative or opinionated Jerome Powell this time around?
I don't think Jerome Powell's ever combative. So I don't think we'll see that in sort of style
or substance. But I do think he's going to be very pointed, right? I think it's been really clear
in some of the messaging he wants to get across. And then to your exact point, Neil, on the economic
side of it, if we take a step back, everyone is waiting, hoping, praying, expecting that we have
a rate cut next month. Probably 50 basis points is what the market's been betting on. And I think
Jay Powell today has got a tough situation because, to go back to your point when you introduce this,
the data has been really noisy, right? And his big statement has been, the Fed is data driven.
And a lot of the pressure on him has been, but the data doesn't seem particularly insightful right now.
Like all these big revisions, data comes out and then subsequently people say,
yeah, it wasn't quite right, we'll change it. If you look at the core inflation measures recently,
one measure looked like things were getting under control. That was a C.P.
PI, another said, things are running too hot. You look at the retailers saying we're going to
start having to pass prices on from tariffs. So I do think that from the economic perspective,
so this is where I start nerding out, I think he's going to end up having to say quite vague
things actually around the economy as sort of a to create some optionality. Right. And if there's
anything that he's good at, it's saying vague things. And what I do know is that after this speech,
which is the seventh and final speech of his tenure at Jackson Hole, he's going to knock back a few
whiskeys at the million dollar cowboy bar when it's all over. Moving on, when the going gets tough,
Walmart gets going. Sales are growing quickly at the country's largest retailer, showing how it can
play offense when everyone else is on their heels. Walmart said that same store sales grew nearly
5% last quarter, then jacked up its guidance for the rest of the year. The company is gaining
market share with all-income groups who are spending more on everything from pantry staples to
fancier clothing. Compare Walmart's sales growth 4.6% to
other retailers that reported recently, Home Depot had comparable sales growth of around 1%
lows about the same. At Target, meanwhile, sales fell 1.9%. Walmart is uniquely positioned to
succeed in the jittery economic environment we're in right now. With its massive grocery
business and lower prices, Walmart is attracting new customers who are focused on value and
necessities. And when it comes to tariffs, Walmart is also more insulated than most. Walmart
only sources 33% of its goods from abroad, compared to
50% at Target. Plus, it's got such immense scale that it can bully suppliers into eating more of
the tariff costs, something a smaller retailer doesn't have the leverage to do. But, Anne,
something strange happened. Despite all of this ostensibly good news, Walmart shares fell 4.5% on
the day. What had investors worried? I love talking about Walmart. I'm so glad we get a chance
to chat about this one. So I think this is indicative of something that's been going on more broadly
in the markets, which is right now because valuations are so high. We're in a world that,
these companies issue blowout reports where they just completely crush expectations,
they end up seeing their share price go down. And I think the bigger you are and the more visible
you are and the more important you are, the more that pressure is to really outperform what
everyone thought you were going to do. So Walmart, as you said, the earnings had a little bit of
noise. We nerd out on this later. They had some one-time costs and the market takes a minute to
figure out how big were they. Are they really not recurring? You know, let's give them the benefit
of the doubt. That process is still happening right now. Right. Those one-time costs that you mentioned,
perhaps they could be a little stickier, but they, Walmart execs talked about liability and workers' comp
expenses. They cut some people out of their technology team, and there are costs associated with that.
So those are the few sort of one-time costs that Walmart was talking about, and that dented their
profitability. They had one of their first earnings misses in years, and that's why investors sent the stock down,
despite, you know, growing sales and Walmart certainly is gaining market share and, you know,
going on offense where a lot of its competitors like Target, like, you know, the smaller
competitors are kind of on their heels.
Exactly.
And this is, I think, again, it reminds you a bit of invidia, right?
Invitea issues earnings that for any other company would say this is a massive victory.
This is amazing.
Walmart just issued a set of results that if you were Target, everyone would be going,
oh, my gosh, things are turning around.
So Walmart doesn't get quite the same level of benefit of the doubt.
I think there's a couple of other things that I would just say around Walmart.
It's in the middle of this war with Amazon, right?
And there wasn't that much that was said about it explicitly in this earnings course.
So I wonder if at the back of people's minds, people are thinking as investors,
Walmart has gotten quite expensive.
When you look at the stock and you look at its valuation,
yes, the share price goes up, it goes down.
But what investors are really looking for is how does it trade relative
to its level of profitability. And over the last five years, it's become like an all-time high,
expensive. In some metrics, looking almost like a tech stock. So I think, again, that pressure is on
for Walmart to show it something more. And Walmart, as I talked about, is very insulated from tariffs
because of its scale, because of how few goods it does source from abroad. But there's this one
quote from Doug McMillan, who is the CEO, that I think also spooked a little investors. He said that
so far the impact of tariffs has been gradual. And then he said, but as we replenish in
inventory at post-tariff price levels, we've continued to see our costs increase each week,
which we expect will continue into the third and fourth quarters. And if Walmart is seeing
its costs increase due to tariffs going into the end of the year, then investors are probably
looking at that and saying, well, a bunch of other companies are going to have to do the same.
It's Friday. So it's time for my favorite segment, stock of the week, dog of the week,
where Ann and I pick one stock that's as reliable as a Virgo and another that took Leo season
a bit too far. And you won the pre-show who has the more authentic British accent contest. So you
get to go first. Thank you. Well, my talk of the week is Google's parent alphabet. And that's because
it showed it was miles ahead of Apple in building a phone that actually has useful AI features.
So on Wednesday, Google unveiled its latest smartphone, the pixel 10, along with a bunch of gadgets.
And the hardware didn't impress. By the way, that's not unusual for Google. But the software
powering the phone did get everyone to sit up and take notice because it highlighted for the first
time how generative AI could actually make your phone experience a whole lot better. There's
something called Magic Q, which gives you timely information from your text calendar and your inbox
without you having to ask. So let's take an example. If someone texts you, hey, what was the
restaurant you told me you're obsessed with last year and Neil that you were standing in line for?
Well, instead of you scrolling back through your message history for 10 minutes wading through to find it, Google's AI will go find it for you instead unprompted.
Then there's also a camera coach, which gives you detailed instructions on how to take the kind of photo you want.
And the last thing which I love is a live language translator so you can have a phone call with someone who doesn't speak your language.
And the AI will almost instantaneously turn your voice into that language speaking instead, which is sort of amazing.
Well, all these features are far beyond what Apple currently offers with Apple Intelligence
and CEO at Apple Tim Cook largely shied away from making any big AI promises at its developer conference in June.
But Neil, the most exciting thing, green texts, are they cool?
No. I think Google here is trying to make green text cool.
I still think they are not.
But Google could be on the way to achieving something even more important,
which is getting billions of people hooked on Gemini.
which is its AI model.
So we do know that Google makes a phone.
That's this hardware component, which is the pixel.
I was a pixel owner before it was cool.
It still isn't cool because it has 3% market share in the United States
compared to the iPhone, which has a 49% market share.
But Google doesn't just make hardware.
It doesn't just make the pixel.
It makes Android, the operating software, that runs on 3 billion devices all over the world.
80% of all smartphones run on Android.
So when it whips out all of these whiz-bang features for AI,
it's not just for the pixel.
It is for Samsung's phones.
It's for all the Chinese makers that use Android phones.
So it's kind of the showcase to say,
hey, you're a device maker.
When you run on Android, you could adopt these features too.
And that way it can get a ton of people using Gemini
in a way that people can't use Apple Intelligence
or OpenAI chip, GPT, or Anthropics, Cloud.
So this is their really kind of under the radar distribution
strategy to get Gemini in front of billions of people.
That's really incredible.
And the idea that you can have this global shift just by virtue of one company making a big
statement like this is extraordinary.
I have to ask you, did you hang on to your Google phone?
I don't have my Google phone.
No, I've switched to Apple like most of the rest of my friends.
And, you know, our group chats are much happier because of it, because I'm not like throttling
them.
Speaking of Google trying to be cool, one thing that a lot of people are.
marked upon with its big showcase that's made by Google event where they released these AI
features, where they released the new pixel, the pixel 10, was how many celebrities they brought
in to pitch it?
I mean, they had Jimmy Fallon host this thing.
And remember, this is like a product event.
Usually you got awkward execs coming up there talking about the different features, but
Jimmy Fallon hosted it.
They had Alex Cooper there.
They had Steph Curry, the Jonas Brothers.
People said it was a bit cringe, but they were paying these influencers, these really
celebrities, tons of money to promote their products. I think they're trying to go on offense here.
Yeah, but you know which celebrity they didn't have? They didn't have Neil Fryman. So, you know,
that was a big miss. Not sure it's going to get them the success as a result they want.
All right. We have to take a quick break. But up next is Cracker Barrel in Self-Distruct mode.
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 PCs.
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.a.orgia.
Yamava Resort and Casino at San Manuel
is California's number one entertainment destination
for today's superstars.
Catch the Jonas Brothers return to the Yamava Theater stage on April 30th.
the powerful vocals of Demi Lovato on May 17th,
and the signature Southern Country Rock of Eric Church on July 19th.
Tickets on sale now at Yamava Theater.com,
only at Yamava Resort and Casino,
celebrating its 40th anniversary.
UN must be 21 to enter.
Okay, my dog of the week is Palantir.
Yes, a rare dog designation for a company
that was the S&P 500's best performer in the first half of the year.
But recently, the high-flying AI stock fell back to Earth,
Pallenteer shares are down 13% this week, posting a six-day losing streak at one point.
One reason for the sell-off could be a critical report published by a short seller on Monday.
Andrew Left of Citron Research claimed that Pallenteer's valuation, which is nearly $400 billion,
was, quote, detached from fundamentals and analysis.
Left compared Pallentier to another AI giant, OpenAI, to argue that if Pallentier shared
the same price to revenue multiple as Open AI, then its shares should be.
worth 40 bucks. They're at $156 now. So he just thinks Palantir is extremely overvalued.
A second driver of Palantir's stock slide could be a broader pivot away from big tech stocks.
This week, a number of AI-focused companies not named Palantir also fell like Nvidia,
AMD, and Oracle suggesting that investors are taking some money out of riskier AI and putting it
into so-called defensive sectors like utilities, real estate, and materials. Even Sam Altman,
the Open AI CEO, acknowledging.
that an AI bubble could be forming when asked, are we in a phase where investors as a whole are
over-excited about AI? He replied, my opinion is yes. Okay, so Palantir, I got to tell you, Neil,
I went down the rabbit hole on this one. I went to go find that Citrin Research report that you mentioned.
And it was actually pretty thoughtful in laying out the reasons why Palantir share price,
which I have to confess, I did buy actually when it got really, really expensive. I still thought,
you know what, I'm going to sort of take this as a lottery ticket and still see if there's more
upside here. It was a pretty thoughtful report. The other one was the economist, I think, had a
headline saying is Palantir, the most overvalued stock of all time. So, you know, I look at this
one, and I'd love to know what you think, Neil. I think that Palantir is almost becoming the
symbol of fear that there's an AI bubble. I don't know. What do you think about that?
Well, Palantir did have some remarkable earnings earlier this month. I mean, the CEO, Alex Carp,
got up there and said, hey, we just posted our first billion-dollar sales quarter. He told the
to quote, read them and weep. So it was an impressive quarter, and this stock is,
this company is growing like a weed. I think just from a stock valuation perspective, it was just
so beyond the pale. People are like, I've never seen a stock that is this richly expensive
ever before in the history of the stock market and in the Citron Research Report. He basically
said, look, carp is doing a great job. I have nothing, no problems with this company at all.
It's just way too expensive of a stock and a 13% dip compared to what, how much.
Palantir has grown over the past couple of years is really a blip on the radar.
I mean, it was up 118% in the first half of the year until it started dipping.
So, you know, I am interested more broadly in this pivot away from AI this week.
We saw that meta has paused hiring in that famed AI super intelligence lab.
You had Sam Altman come out and say maybe this thing is a bubble.
There was some other, you know, overall, the stock market does seem to have a little bit of a rotation
from the big tech names to more defensive sectors that are more sick.
with the economy like materials and utilities and housing and healthcare and things like that.
I just don't know whether, obviously, I don't know anything about what's going to happen
to the stock market tomorrow, but you don't know whether this is sort of a short-term rotation
or it's a bigger drawdown in these AI stocks that have gone so expensive.
Yeah, and I think that adds to the pressure, just to go back to where we started,
tech stocks typically do better in a low interest rate environment or when expectations are that
interest rates are going to be low.
That's sort of what happens when you're maybe not so focused on cash.
as a sector. And I actually think a little bit of the tech sell-off we saw partly is at a bubble.
I actually think Sam's ultimate statement was a huge one. Can you imagine? You know, the CEO of opening
eye saying, yeah, I think there's risk that things are overvalued. I also think that tech coming off
was a bit of a sign. Again, I don't think the market is as confident as it was that we're going
to see that rate cut in September. So I think all of these things sort of hitting the news today,
again, I think Palantir has almost become like the lightning rod, the expression of all these
different fears, whether it's about rates in the macro or about AI or kicking in at the same time.
Let's sprint to the finish before the weekend with some final headlines.
Cracker barrel updated its logo and people hated it so much that the stock plunged more than
7%. On Tuesday, the restaurant chain released a new logo for the first time in nearly 50 years.
It removes the grandpa-looking guy in overalls in the barrel he was leaning on,
opting instead for a simplified text of Cracker Barrel overlaid on that familiar yellow background.
leading MAGA figures, including Donald Trump Jr., were particularly apoplectic, calling the rebrand woke and pro-DEI.
It's not every day you see a logo change lead to a stock wipeout, but it seems to be the culmination of lots of negativity building up against Cracker Barrel over the past few months.
Last year, execs unveiled a $700 million transformation plan to renovate stores and update its menu to bring in newer, younger customers.
It's since updated dozens of stores, but those redesigns, which include removing the antiques from the wall,
have been bashed by long-time customers who say the brand is losing that nostalgic feel
that had them coming in in the first place.
And is Cracker Barrel in self-destruct mode or are the critics of vocal minority?
Oh, that is such a tough either-or question.
So I just want to, as I sort of collect my thoughts, I'm just going to start by saying,
Neil, the grandpa-looking guy is clearly a technical term.
So I love that description of the logo.
To me, look, I think this is a bigger story about what happens when you're a public
company and your stock is at the mercy of investors who sometimes have a reaction to what's going
in more of an emotional way than perhaps what the business itself might require. People clearly did
not like this logo change. You and I was struggling right beforehand to think of when did a logo
change in the stock go up because people really loved it. I couldn't think of one, could you? No.
I mean, it's really difficult to sort of anticipate when this is going to happen. So for me,
when I looked at this as someone who spends a lot of time in the markets, crack a barrel before this
change. If you'd look back several years, it clearly needed to do something to get its growth back.
It really needed to get its groove back. And as you said, execs unfilled a $700 million
transformation plan. That's a lot of money for a restaurant business to renovate stores.
It wants younger customers. So they're trying. And by the way, public companies don't often try.
They don't often make dramatic moves because often they live in fear of responses like this.
So you're kind of damned if you do down. If crack a barrel did nothing, right? If they didn't make any
changes and they continued to sort of strangle along, what would your reaction be?
Right. I mean, it is a tough decision for any exec to make. And they, the CEO has done multiple
interviews as this backlash has built and said, look, we are seeing sales increase at these
locations that we've updated, especially our employees, are so happy with us because when you
don't have to dust off all of those antiques, or you can't see any dust or dirt on these darkened
walls, it's a lot easier to clean. So I think like a good chunk of.
of this reading between the lines a little bit is for their employees who they're making their
lives a lot easier but she just went on the CEO which just went on ABC News a couple days ago
and said that the feedback has been quote overwhelmingly positive and that people like what
we're doing I don't know how accurate that is but if as long as they're seeing more traffic
and sale and more sales at these stores that they're remodeling then I think they can chalk up
this backlash to noise perhaps until yesterday when the stock plummeted and they actually saw
$200 million, you know, evaporate from their market value.
All right, moving on, Delta and United Airlines are being sued in a proposed class action
by passengers who say they paid extra for a window seat, but instead flew next to a blank wall.
The lawsuits filed in San Francisco for United and Delta in Brooklyn are seeking millions
of dollars of damages for more than the one million people at each airline who've been subjected
to this.
The plaintiffs claim that they paid extra for window seats, which at Delta can run more than
$70 compared to a basic economy ticket. But when the passengers got on the flight, they ended up
sitting next to a wall. That's because on certain planes like the Boeing 737, Boeing 757, and Airbus
A321, at least one seat that would typically contain windows, doesn't have them because machinery
is placed there instead, like air conditioning ducks. The lawsuits claim that while airlines like
Alaska and American do flag that these seats don't have windows, Delta and United
failed to mention it. They're seeking, quote, a refund of the
extra fees for all passengers who paid for window seats, but never got to look out at the great
expanse below. And window or aisle seat? I'm a window person. This has totally happened to me.
So whoever it is filing these lawsuits, go get them because I want my check when this comes through.
You could be a part of this class action. Yeah. You usually get a little thing in the mail when
this happens saying we've gone back and looked at your data. And I never fill those out, because
you're meant to send it back to get your share of settlements. I wonder what the airline's defense
would be now they didn't respond to comment to after this lawsuit but if I were them I would say
that the term window seat is generally understood to be the outermost seat next to the edge of
the plane not necessarily a window seat as in there is a window. Do you think that is a winning
defense? Well I think lawyer Fryman needs to come and you know be part of this class action because
he's he's got stuff he wants to say in the legal forum. I think that's clever you could say it's
proximity to window as opposed to unobstructed view.
Correct. I'm like the wind, if you look at when you're walking down the aisle of the
plane and you see aisle middle window, I don't necessarily think of that as the aisle next to
the aisle or the middle in the middle or the window as directly related to a particularly
gas panel that I can look out below. Yeah. I just think of it as the left most seat,
the middle most seat and the right most seat. I hope they're not listening because that's a really
good defense. I don't think so. I don't think so. I don't think so. It makes sense in my mind. It
probably would not hold up in a court of law. Okay, that is all the time we have. Thanks so much
for starting your morning with us. Have a wonderful Friday and an even better weekend.
Everyone go listen to Ann on brew markets later this afternoon. Appreciate you joining us
yesterday and today and doing these two days. Thanks for having me on Neil. It's been a pleasure.
Okay. If you have any thoughts or feedback on today's show, send a note to morning brew daily
at morningbrew.com. And now the final password clue, which is the password begins with the name of a
playing card. Once again, the password.
begins with the name of a playing card.
Think you got the answer? Head to our show notes
where you'll find the form to submit. We'll announce
the winner on Monday, and on that note, we finally
heard back from last week's winner, Blake Ryan
from Florida. Congrats Blake.
Let's roll the credits. Emily Miliron is our executive
producer. Raymond Lute is our
producer. Have an amazing vacation next
week, Ray, you deserve it. Our associate
producers are Olivia Graham and Olivia Lake.
Hair and makeup is waiting in a really
long line for a restaurant and is very
embarrassed about it. Devin Emery is our president
and our show is a production of Morning Brew.
great show today, Neil. Have a great weekend. We made it.
Abercrombie just dropped the perfect swim. Book that last minute beach trip you've been dreaming
about. The new coastal inspired prints and patterns are great for any destination.
Plus, thanks to Abercrombie, packing for vacation is even easier with reversible swim.
Perfect for mixing, matching, and customizing your look.
Prep for summer with Abercrombie, in the app, online, and in stores.
