Episode 551: Neal and Toby discuss H&M electing to use AI models and what that means for the industry. Then, how farmers are being impacted by tariffs and why travelers are scrambling for Real IDs. Next up what did Larry Fink say about what Americans should be investing in in his annual letter and here are the headlines you should know to start your day. Checkout TaxAct for more! Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are offered by Bakkt Crypto Solutions (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative and involves a high degree of risk. Cryptocurrency holdings are not protected by the FDIC or SIPC. APY as of 3/18/25, subject to change. *Terms and Conditions apply. Learn more about your ad choices. Visit megaphone.fm/adchoices
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The big pushback to H and M's announcement is that this will replace their jobs.
I do think this is a how far we've come moment as well. Because if you go back to 2011, H&M tried to work with AI back then. At that time, the technology was not exactly where it was today. And so they were superimposing the heads of real models onto computer-generated mannequins for a swimwear campaign. That was universally panned. So there is some parallels and some symmetry here showing AI.
just how far the technology has arrived and just how much H&M has been trying to do something like this over the last decades. So we'll see if the wider industry starts embracing this practice or if it's one of those things, much like happened in Hollywood, that gets a lot of pushback and ends up not actually becoming a widespread thing.
You all know that tomorrow President Trump is expected to announce sweeping tariffs on countries around the world that have higher trade barriers than the U.S. Those countries are likely to respond with tariffs of their own, escalating this simmering conflict into an all-out global trade war.
caught in the crossfire perhaps more than any other sector are american farmers u.s farmers help feed the world exporting an estimated 170 billion dollars worth of agricultural products this fiscal year on the flip side that makes their pork fruits veggies and soybeans prime targets for other countries aiming to strike back against u.s tariffs we've already seen this play out with the first round of tariffs last month
After the Trump administration raised tariffs on Chinese imports, China retaliated by putting a 15 percent tariff on U.S. chicken, wheat, corn and cotton. And Canada slapped 25 percent tariffs on processed foods such as wine, sausages and baked goods. Given that Canada, China and Mexico are the three biggest foreign buyers of American farm goods.
The agricultural industry is at risk of losing market share in those countries due to tariffs. The president has said that domestic demand will make up for those losses in exports, telling farmers they'll benefit by making more product to be sold inside the United States. Still, there is a great deal of apprehension out on the plains.
In a Purdue University study, over half of farmers said that trade policy was their most important issue over the next five years.
Yeah, farmers are contending with a lot of challenges right now. One of the issues is that USDA and aid funding is in limbo right now, with the new administration coming in and pausing a lot of that aid. And also, you have the tariffs that are being lobbed at their main trading partners, China, Canada, and Mexico.
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