Kyle Hagee
Appearances
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
A group led by Grosbeck bought the Celtics in 2002 for $360 million. And if you felt bad for Wick for only making a 20X investment here, don't worry. Hopefully the two championships the Celtics won during his tenure will help him sleep at night. Final note, the deal still needs approval from the NBA's Board of Governors, and so it should take a few months to officially close.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Neil, when is Morning Brew going to buy a franchise? We've got to get in the mix here.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
I'm going for over $100 on Taco Bell later today.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
And the U.S. hits its lowest ranking ever in the World Happiness Report. It's Friday, March 21st. Let's ride. Let's ride.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Yes, that is a really interesting angle. And because of these increased valuations, the fee that would be dispersed to all the teams for allowing another team to enter the league would increase. And just the competition for buying a franchise is really, really heating up. Steve Pegliacua, who's a minority owner of the Celtics or was. actually put together a group to try to buy it.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
He was like, we got the best people. We have the best technology. We would not have any debt financing. And he was rejected for another offer. So people really want to buy franchises. They're the things that even sometimes a billionaire can't buy outright. There's also a sports angle here, which is the team is quite good.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
And their roster is very expensive, and so they're getting into luxury tax bill territory. And so it's still unclear just how much this new ownership group will be willing to put money into it or pay these luxury taxes. Although he did say, quote, I bleed green, I love the Celtics, and it's all about winning. So we'll see if Bill is ready to foot the bill.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
The days where I wake up early with the Morning Brew Daily crew are certainly longer than others.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Yeah. Something to watch going forward. Let's move on to our next story. The new Disney remake of Snow White comes out today and it's, So here's the details, Neil. First, just some bad luck. COVID cases flare up in London just as production gets underway, forcing Disney to increase safety protocols, which starts to bloat the budget. Then one of the sets catches fire and has to be redone.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
and the 2023 actor strike and complication from Gal Gadot, who plays the evil queen. Her pregnancy forced Disney to halt reshoots, do visual effects over again. Then, just on top of bad luck, people think Disney made a lot of unforced errors during the production of this movie. The star of the movie, Rachel Zegler, made some comments that
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
People implied throwing shade at the OG Snow White movie, so some fans were put off by those. In addition, many thought Disney flubbed this response to some leaked images that came out from the movie, which had people concerned that they actually just scrubbed the dwarves entirely from the movie.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
On the other hand, stars like Peter Dinklage felt like the movie was perpetuating negative stereotypes. These unforced errors, I think, highlight the difficult cultural landscape Disney has tried to navigate over the years making this movie, seemingly angering people no matter what they did.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Now that you mention it, I do remember you and Toby talking about the importance of defense and offense yesterday.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
The whole rollout could be summarized by the trailer stats, which have passed over 1.5 million dislikes on YouTube. Neil, is this actually a big deal, or is this movie going to be just fine?
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Yeah, I think you hit the nail on the head, and there was actually these rumors that they might kick it to streaming, like, oh, this is not going to perform well, let's just put it on Disney+. The budget had risen to $270 million, and Disney would have had to absorb those costs, and Disney has made this whole point of making their streaming much more profitable.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
So to the big screen, it's going to go, based on ticket pre-sales and some surveys of moviegoers, Snow White, it's expected to collect between $45 million and $50 million at domestic theaters over the weekend, again, according to box office analysts. And so that's a decent number.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
But in the 15 years that the company has been producing them, none of these like big budget entries have exclusively arrived in theaters to less than $58 million. So this would actually be kind of a down round for Disney if it does hit those numbers as projected.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Yeah, and David A. Gross, a box office analyst, actually said, never doubt the babysitter effect, which is if you're babysitting kids and you need to entertain a six-year-old, you take him to the movies. Probably why I'd never heard of Mufasa, yet it did 700 million. So the babysitter effect might save Disney here.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Okay, someone watched 12 hours of basketball yesterday.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
I mean, my big takeaway is Finland is on a heater. They cannot be stopped. I actually love this report. I think people, when they hear world happiness report, think it's like a flimsy kind of study. It's actually pretty, it's done very, very well. So how they do this is it's a self-assessed life evaluation averaged over 2022 through 2024.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
And they take into account GDP per capita, social support, health, life expectancy, freedom, generosity, and freedom of corruption. So it's actually a pretty robust survey. And going to the website and reading through it is really, really interesting. I do want to double click on the U.S. and young people. Among the 143 countries surveyed, the U.S. ranked 10th.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
for people 60 and older, but 62nd for people under 30. And so it seems like young people in America are really not having a good time. I do have one qualm with the report, though. It went into how dining alone is kind of taking over the world, and that might be causing some sadness. I love dining alone. So leave... I'm defending dining alone. I'm a very happy person. So I like dining alone.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
The rest of the report had a lot of interesting nuggets in there. And, yeah, the U.S. young people angle is really, really sad.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
I know. I guess I'm bucking the trend there. The World Happiness Report, too, it has themes every year. And this one was all about benevolence. And I actually think it's a maybe nice way to end. They found that most people think other people are less kind than they actually are.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
And if you survey people on how many people would pick up a wallet and return it to an owner, people think that no one would do that. But in reality, when they run experiments, almost everyone does. And they saw that this is actually a very powerful intervention. Stanford University did a study where they told people the actual reality of how kind others are.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
And it made everyone else do more kind acts and feel happier. And so I get a sense that we have the wrong perception of other people. And we actually are a lot nicer than we think. And that leads to more happiness.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
I think that's a nice happy note to end on.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Have a great weekend, everyone.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
You can't miss it seemingly these days. And if this charging claim is true, this brings about BYD up to 80 kilometers per minute for charging compared to Tesla's 18. So if this proves to be true and they can build a network, this is a leap in terms of charging an electric vehicle.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
What I think is really interesting about BYD, it's not just about the technology, but this also illuminates the kind of geopolitical trade uncertainties as well. Kim Sung-tae, an executive at the Korea Battery Industry Association, said, quote, Our companies will maintain their dominance in the U.S.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
market as long as the IRA, the Inflation Reduction Act, is maintained, referring to Biden-era legislation, which excluded electrical vehicle tax credits to Chinese car companies. And so you don't see a lot of BYDs in the U.S. because of the trade. Any. Yeah. Any because of the trade regulations. However, they are taking over the world.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
And so that will be really interesting to see how it plays out with tariffs and trade uncertainty only increasing.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
I'm feeling great. It's good to be back in the Manu Ginobili spot.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Yeah, you're spot on. I mean, those stats you read a lot. China sends more vehicles abroad than any other country. Its passenger car exports surged nearly 20% to 4.9 million in 2024 alone. And so I think we're seeing global influence of China. through car exportation only increase. And it'll be really interesting to see how that plays out.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
The other thing is, going back to the technology, the self-driving technology that BYD has and is enabling everyone who buys a BYD car to get is also putting pressure on Tesla, where you actually have to pay for that feature.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Yeah, the stock price is down 42%, nearly 42% this year. It originally rose a bit due to Musk's relationship with President Trump. That has been nearly wiped out this year. The other thing that's concerning for Tesla, some data from morning consults, their favorable and unfavorable ratings, it used to be pretty wide. People really had a positive, rosy view of Tesla.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Now, according to in January 2025, 35% of people have a favorable view of and 30% have an unfavorable view. So that gap has really, really shrunk, and the brand has become less rosy in the eyes of a lot of consumers. So a falling stock price, a falling brand, it is probably a crisis at Tesla.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Yeah. And we I mean, we have some like maybe unforced errors at Tesla. But going back to the stock of the week, BYD, the competition is also increasing. So there's a lot of pressure from all directions to Tesla.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
I think I'm on board. I feel like I'm doing something wrong. My Grubhub orders, my DoorDash orders, they've never been that big. Like, should I be ordering more stuff? And I need to be hitting like triple digits here.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Taking a look at the stuff that's adjacent to the loans, like a public service loan forgiveness. So once you have a loan, how does the government help you pay that back? It gives people that work in public service and nurse a firefighter the opportunity for their loans to go away after they've made payments for 10 years. It's like unclear what is going to happen to that program. There's a lot of
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
questions still here on the kind of domino effects that this decision will have.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
You mentioned that it would likely take an act of Congress to officially wind this down. The House actually considered an amendment to close the agency in 2023. Sixty Republicans joined with Democrats in opposing it. So it's even unclear if Congress has the appetite for this. However, there's been agencies in the past that were phased out.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
The Interstate Commerce Commission and the Civil Aeronautics Board were two of them. And then additionally, no cabinet level department has been abolished outright since the U.S. Postal Service replaced the post office department nearly a half century ago. Some precedent, but not a whole lot of precedent for doing something like this.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
It's a great time to check between your couch cushions to see if you may have a spare NBA franchise hanging around because they are fetching a pretty penny as the Boston Celtics just sold for $6.1 billion to a group led by private equity executive Bill Chisholm.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
This sale is the highest of any sports franchise and pretty easily surpasses the $4 billion and $3.5 billion paid in 2022 and 2023, respectively, for the Phoenix Suns and the Dallas Mavericks, the last two NBA franchises to be sold before the Celtics.
Morning Brew Daily
BYD Zooms By Tesla & The Boston Celtics Sell for Over $6B
Now, in the background, the valuation of sports franchises have been skyrocketing amidst a general rule change most leagues have adopted, allowing private equity firms to take stakes in teams and making it harder for a single individual or a family to own a team outright. Now, who was selling the team? Well, the Celtics majority owner was Wick Grosbeck.
Something You Should Know
Why We Forget & The Amazing Story of Your Body’s Atoms - SYSK Choice
You win that one. So if you're looking for a healthy dose of Disney magic, check out Disney Countdown wherever you get your podcasts.
Something You Should Know
Why We Forget & The Amazing Story of Your Body’s Atoms - SYSK Choice
I'm Kayla Lopez. And I'm Kyle Hagee. And together, we've helped thousands of Morning Brew subscribers grow in their careers.
Something You Should Know
Why We Forget & The Amazing Story of Your Body’s Atoms - SYSK Choice
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