Phil Andrews
Appearances
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Also das ist das erste Mal in der Geschichte des Spaces, dass wir nicht nur Nationen, Staaten und Militärs haben, sondern wir haben jetzt Entrepreneure, die sagen, okay, lasst uns in den Spaziergang gehen und etwas machen.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ich denke, die Antwort darauf ist wahrscheinlich nicht. Ich meine, ein Kind heute, 16 Jahre später, wir schauen uns 2040 an, wahrscheinlich nicht.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Yeah, the betas. We'll call them something else. Yeah, whatever the term is for AV riders that don't have driver's license. I mean, a lot of people in New York don't have driver's license, and a lot of kids get around by Uber now. It's way safer. I'm not a parent.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I don't know if you guys are parents, but one of the things that whenever I've talked to parents is like, we would prefer for our kid to not have to drive. There's 35,000 car accidents that cause fatalities around the world, in just the US, every single year. So if that number can be lowered... Und ich denke, es ist schwer zu argumentieren, dass Autonomische Fahrzeuge nicht sicherer sind.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ich meine, wir können ein paar Details hinzufügen, aber über die Zeit wird es sicherer werden, weil Autonomische Fahrzeuge niemals ihre Telefonnummer ansehen wollen oder ein Gespräch haben oder Kaffee trinken oder was auch immer es ist. Also denke ich, die Antwort darauf ist ja.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I've spent a bunch of time in Waymos. I've probably taken 20, 25 trips in Waymos at this point in time. The first thing that you notice when you get in a Waymo is that it's private. There's no... There's no driver. I mean, I'm sure there's cameras and speakers in there. And I'm sure if somebody really wanted to listen to you, they could.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
But you get in there with somebody and you can talk about whatever you want at whatever volume you want. You can choose the music like you can have a party. It's like your own little world for a little period of time. So it is very nice in a variety of ways. We'll be right back with more Phil after this.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
One of the things Costco does is maintain its own identity so well with the Kirkland brand. I think it's probably underrated. I mean, everyone talks about it, everyone loves Kirkland, but like Costco wine, the Kirkland brand is good. I mean, and so are a lot of their white label Kirkland products.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
So they give you this ability to just go in, wander around and spend money on things that you really do need at a really nice price point. without being pushy. There's really no sales. Things are just kind of placed where people can go find them and they don't change anything. The $1.50 hot dog is such a good example.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
The CEO or CFO years ago, or it was a couple of years ago, I think you guys probably remember this, he was like, Definitely use the curse word. We are not going to change the price of the hot dog. I think that's what people want. They want that stability of a product and a brand saying, we are what we are. We're not changing it. Just keep coming and we'll keep giving you what you want.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Klar, wenn man geht und jedes Mal, wenn wir Essen bekommen, sind es Kalorien. Wir essen Kalorien. Das ist der Punkt. Also wie viele Kalorien kann man für einen Dollar bekommen? Das war die Prämisse von dem ganzen Video und Serie, das ich gemacht habe, weil das ist, was wir tun. Ich denke nicht, dass wir instinktiv darüber nachdenken, wie viele Kalorien ich bekomme.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
But if you look through all the menus of fast food and sweet green and kava and Chipotle, you can see what kind of price point each of these sits at. And when you look at McDonald's menu and you look at Chipotle's menu, they each give about 100 calories for every dollar that you spend. And of course, if you go to McDonald's, while it is delicious, I am a I'm a sucker for chicken nuggets.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I think they are a gift to humanity. They're so good. But it's not good for you. It's obviously not good for you. And if you go to Chipotle's menu, it's fairly solid food, right? You can see all of the ingredients. The lettuce is fresh. There's corn. There's produce. You can see all of the ingredients that are there.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
So for $10, you can get 1,000 calories at Chipotle that are of higher quality than you can get at McDonald's. And this has opened up a lot of markets for Chipotle. Fast food can go into smaller rural areas that don't have a fluent customer base. Because they have a lower price point.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Chipotle is the first really kind of healthy fast food quick service restaurant that is able to do this, which has unlocked just this magnificently big market. So the runway for Chipotle at about 7000 stores now, they could expand by, you know, 500% across the United States over the next 10 to 15 years.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
It was cheap. I mean, it was so cheap. And of course, the weather. I think that the reason for the growth is, one, the weather. A lot of people wanted to get out of the Northeast, where, A, property prices are extremely high. It's hard to build. It's cold most of the time. And if you move down into the Sunbelt, where now electricity is... It's much cheaper, it's prevalent.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
You can run AC throughout the year without a window unit. The advances in air conditioning have made the Sunbelt in the really hot areas like Phoenix and Arizona and southern Florida attraktiv. Without air conditioning, this really wouldn't have happened. There are a few advances that have happened over the past 30 years that have just made it better and better.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Not that people didn't live there beforehand, but this has helped for things like industry. You can now set up a big office building in Phoenix and it will remain cool and people can work there so you can have more jobs in these types of areas. So this is a big part of the growth. Aber ich denke, die Haushaltspreise sind nicht mehr günstig.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Und wenn du mit jemandem in der Sonnenwelt sprichst, in Plätzen wie Phoenix, in Plätzen wie Nashville, sie klagen über den Einfluss von Menschen. Also vorher, weißt du, war es diese kleine niche Sache, wie, oh, du gehst nach Nashville, und die Leute sind so, oh ja, das ist großartig hier. Aber jetzt weiß jeder das. Es ist nicht mehr die coole niche Sache.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Und ich denke, dass das ein bisschen ein Problem sein könnte.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I think that Neil has a pretty good chance of dating Dua Lipa. So I'm not going to put it in that bucket. She's engaged, she's engaged. Oh, ist sie eingegangen? Ich wusste das nicht. Nun, Dinge können sich ändern. Ich denke nicht, dass die AI-Bubble aufhört. Ich denke nicht, dass NVIDIA-Stock 50 Prozent fällt. Das ist ein Bereich, in dem wir große Produktivitätsverluste sehen.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ich würde nicht überrascht sein, wenn ihr es benutzt. Ich benutze es sicherlich immer. Es hilft mir in vielen Weichen. Ich denke, die Produktivitätsverluste in der Wirtschaft sind unter der Oberfläche. Es ist schwer zu messen in den finanziellen Statementen. Aber es gibt einen Goldrutsch hier. I can't see it going anywhere. It's only going to get better.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I wrote code for the first time a little bit ago and the tools available for writing code are so good. And so the people that write code are also the people that develop AI. And I just can't see them pulling the plug on this. They're just going to want to make their job easier and easier.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
It has been underwhelming, hasn't it? It really has. I kind of thought that they would do a better job with it. However, Apple tends to roll things out a bit slower. I think this falls in the middle. Tim Cook hasn't been on the hot seat for a little while. There have been some failures. I think... Vision Pro was kind of a flop.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Yeah, I give this a 6 out of 10. Getting close to Tony Romo.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Wow. I say this is a possibility. I would never assign a zero. But I think the incoming administration... ... will want to avoid inflation at all costs, because if you get tagged with inflation, your group is going to be out of office. So I put this at a 2, though I think that there will be plenty of headlines around this.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I haven't been too close to this case, honestly. But I think that that does not happen. I don't think that that happens. Yes, I don't have a ton of color on whether or not Chrome is going to be sold. I just don't know. You don't need a reason. You can just go with your gut. I'm going with no. I don't think it happens. And I think it would be a mild dent in Google's armor anyway.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
This happens over the next 12 months?
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ich würde sagen, da ist ein starkes Ja da. Ich würde in die 7 bis 8 bis 9 gehen. Ich könnte Tony Romo auf diesen High Five machen. Ich denke, Starbucks hat eine Renaissance in den nächsten 12 bis 18 Monaten.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Vielen Dank, dass ich hier bin. Es ist mir ein Vergnügen und eine Ehre, hier zu sein.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ich vertraue Brian Nichol, genau das zu tun. Er ist sehr gut an diesem Thema. Und bereits was man sieht, ist, dass er das Menü aufschlägt. Alle Dinge, die ich denke, wir sind alle in den Starbucks gegangen und wir waren so, warum servieren sie Olivenöl-Trinken? Warum ist das Menü fünf Seiten lang? Es kann eine viel mehr freundliche Erfahrung sein. Ich denke, viele Leute lieben Starbucks.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Der Brand hat eine so gute Affinität. Also vertraue ich Brian Nichol, um das zurück auf den Weg zu bringen.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ich würde sagen, man, ich spreche hier über mein eigenes Buch. Ja, absolut. Ich denke, YouTube schießt auf 100.000 Zuschauer ziemlich früh im Jahr. Ich mag wirklich, was wir tun. Es hat viel Spaß gemacht und der Momentum ist großartig.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Es war mir ein Vergnügen.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Das ist eine tolle Frage. Ich bin froh, dass ich das sagen kann, weil so viele Leute mich Max nennen. Sie sehen mich auf Social Media und glauben, dass mein Name Max ist. Rechtlich so. Der Name Maxonomics war nur der Name, der für die dritte Webseite gewählt wurde. Maxonomics war der dritte. Es war nur der Name, der sich auf den Namen befand, wenn es Zeit war, einen Namen zu haben.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Und hier sind wir. Ich kam aus dem Hintergrund der Internetseite. Und in der Schreibung für ein paar verschiedene Webseiten, habe ich Video gemacht. Die Leute sagten, du warst wirklich gut, du solltest Videos machen. Ich war so, nein, nein, nein, nein, ich mache keine Videos. Und hier sind wir. Nach ein bisschen Zeit hat Morning Brew uns getroffen und wir...
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ich habe eine Partnerschaft geformt und hier sind wir. Jetzt bin ich auf dem Morning View Daily Podcast. Es ist eine ziemlich interessante Reise.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I have lived in a variety of different places around the United States, but right now I am just outside of San Francisco. I'm about an hour south of San Francisco, enjoying a little bit of the sun. That's where I call home. But I am originally from Philly. So I'm Phil from Philly, and you will hear it occasionally come out of my mouth. I'll say water.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I say water and a few other things like I'm from Philly, because I'm from Philly.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I can't see a reason why the US wouldn't want to buy Greenland. Of course, if the people of Greenland agreed to join the United States. There's a variety of resources, the land area, it's becoming more and more strategically valuable, given that the planet is warming up and a lot of the ice on top of Greenland is melting. I don't see a big downside to the United States owning Greenland.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I think it's probably been said, the Alaska purchase was a huge deal. What a benefit, what a boon. The Louisiana purchase was probably the best move that Thomas Jefferson made out of all of the good moves that he did make. So why wouldn't Greenland be... Das ist ein Vorteil für die Vereinigten Staaten.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I am curious to know how that is inside your head. But the tariffs are far more powerful than you think. For a variety of reasons, we could probably go on for about 30 minutes on the history of tariffs, how they've shaped the world, how they have changed, particularly since 1995, when the World Trade Organization came about. But tariffs are just this very powerful tool that...
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
govern access to a country's consumers, a market. The US market is the largest consuming market in the world. You and I, we buy stuff every year that accounts for about 70% of GDP or about $20 trillion worth of spending from us. And $7 trillion of that is spent on goods, things like cars, dishwashers, mugs, pencils, whatever it happens to be. And the United States with the lowest GDP
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
or the 14th lowest tariff rate in the entire world, has kind of opened up its market to every manufacturer that wants to sell to the United States. And this has been great for consumers in a lot of ways, in way for prices. But low tariffs incentivize manufacturers to move manufacturing outside of the United States.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
And this is what's been happening for about the past 20 years and in huge droves in the early 2000s. So tariffs are this incredible tool that was... has kind of been put on ice over the past 25 years and is just now coming back.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
And I think we'll start to see the impact that tariffs had, because what the World Trade Organization did to go on is it removed the ability for a country to unilaterally change its tariffs for different countries. And the U.S. pulled out of the WTO in about 2018. And so tariffs are coming back into vogue.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Natürlich. Und die Blanket-Implikation dieses Tages, dass es nur 25% auf der Bordseite für alle Güter sein wird, das ist ein riesiges Niveau und, weißt du, ziemlich furchtbar in einer Vielfalt von verschiedenen Wegen. Aber das eine, was ich sagen würde, ist, Für Präsident Trump würde ich glauben, was aus seinem Mund kommt.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Während einige davon eine Negotiations-Taktik sind, ist er ein Mann, der typisch auf viele der Dinge, die er sagt, folgt, oder zumindest versucht. Also würde ich nicht denken, dass das nur ein großartiges Gestur ist, um eine bessere Negotiationsposition zu versuchen. Ich würde erwarten, dass Terroristen kommen. in verschiedenen Kategorien.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
So sehr es den US-Konsumenten beeinflusst hat, haben wir gesehen, wie der Preis der Produkte, die Trump in 2018 aufgerufen hat, aufgerufen hat. Aber der breite Inflationsniveau hatte fast keinen Effekt auf den breiten Inflationsniveau. Es wird also sehr auf die Institutionen in verschiedenen Kategorien abhängen. Aber für die meiste Partei
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
It's hard to predict the effect until we see exactly how they're going to come in. So I would take a bit of more of a reactionary standpoint here and say they're coming. They're going to come in a variety of ways on a variety of goods. Exactly what that's going to be is to be seen.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
I don't have great numbers on whether or not the categories that we put tariffs on brought manufacturing back. And I honestly think it would probably be too early to tell. Six years is a short amount of time to install an entire new manufacturing base. But what I can tell you is a little bit of the inverse of that. In 2000 to 2010, 5 million manufacturing jobs left the United States.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Wenn China in die WTO eingegangen ist und die WTO 1995 eine Institution wurde und Unternehmen auf der ganzen Welt darauf geschaut haben und gesagt haben, okay, wenn die Vereinigten Staaten in den nächsten 20 Jahren Tarife nicht erhöhen können, also sie nicht unilateralerweise einsteigen können und nächstes Jahr Tarife auf Muggs ändern, dann kann ich... Ja, genau.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
companies to set up shop here and i think we're still in this period of all right are tariffs really back like are we really doing this again and if they are as a new manufacturing company am i willing to take the risk of setting up shop outside of the country or do i definitely want to set it up here and not take that tariff risk so to your question i don't have specific numbers on whether or not that has occurred but i think it's too early to tell this is a much longer process i think than that
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
One of the reasons that Southwest is doing this, in my opinion, is because they don't have anything to offer loyalty customers. So if you're an American Airlines, I don't know if either of you have... You know, an allegiance, Delta, United, whatever it happens to be. I happen to be on American Airlines just because I got on it 10 years ago and it's very hard to get off. It has been beneficial.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
But American Airlines gives me free stuff for a variety of different categories of flying. Southwest just gave all of that stuff away for free, right? There's no first class. There's very little in terms of like early boarding. There's no lounge. There's nothing that Southwest had to offer as a loyalty perk. And that has been good and bad.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
A lot of customers would say they love that about Southwest. But a big part of the traveling public now, especially our generations, the millennials and lower, love perks. They have travel credit cards. They have loyalty points. And they want those perks. You know, the ability to be upgraded to first class is like a nice thing. So Southwest doesn't have any of that.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
And a lot of people are kind of tired of just the random boarding process. So I'm a little worried about Southwest as a company. However, they have great brand loyalty. So we'll see.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ja, die Industrie hat sich verändert. Die Südwestseele haben den Beitrag erhalten, dass das Premium in Vogue ist.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Ich frage mich aus der Regulierungsperspektive, wie das passieren würde. Denn es geht von Staat zu Staat. Wettbewerbszahlen passieren von Staat zu Staat. Und ehrlich gesagt, weiß ich nicht, wie das funktionieren würde, wenn man von Kalifornien nach Texas fliegt. Wie kriegst du all diese Regulierungsverletzungen?
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Because there's been very light on details, I think that Delta and DraftKings are like, yeah, this would make a ton of sense. We've got people sitting in our seats for a couple of hours. Let's let them gamble. But I think executing this is going to be much harder than it seems.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
If you look at a chart of orbital launches, this is taking a rocket and putting it outside of the atmosphere into space. In 1967, 141 orbital launches happened. We didn't hit that number again, 141 launches, until 2021. In 2021 haben wir 145 Orbitalaunches gemacht. Und wenn man sich den Chart anschaut, ist es wie ein Stockchart, den man wirklich sein möchte. Es ist einfach vertikal geworden.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
263 Orbitalaunches dieses Jahr und die Zahl wird nur weiter höher werden. Was hier passiert ist, dass der Kost, etwas in den Raum zu bringen, so niedrig ist, dass wir dieses... this moment that's basically the shipping container. If you look at the shipping container back in the 1950s, it changed everything about the world, how you can move goods around.
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
It costs about $6 a ton to load something onto a ship back in the 1950s. Today, because of shipping containers, it's about 16 cents. And this is what SpaceX has done for rockets. And of course, companies like Rocket Lab and a variety of others that are starting to spin up. So as the cost has dropped, people are looking and saying, okay, well,
Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
welches Teil des Spaces wertvoll ist und ob ich es besitzen möchte oder ein Teil davon sein möchte. Also die neue Rennstrecke hat als Funktion des Ausgleichs von Kosten gearbeitet. Und dann sagt jeder, ich will nicht missen. Also das war eine entrepreneurische Sache, aber auch die Militärs in diesem Zeitpunkt.