Morning Brew Daily
Companies Brace for US Tariffs & Musk Gets Keys to Treasury Dept.
Mon, 03 Feb 2025
Episode 510: Neal and Toby dive into Trump's sweeping tariffs on the US’s most significant trading partners, Mexico, Canada, and China, and how the tax could affect the pockets of Americans. Then, Musk gains unprecedented access to the Treasury Department’s payment system as he tries to slim down government spending. Also, the Director of the Consumer Financial Protection Bureau Rohit Chopra has been fired from his position by the Trump administration. Meanwhile, Author Rebecca Yarros and Beyoncé are the weekend winners. Finally, what you need to know for the week ahead. Check out https://wise.com/business 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. Download the Yahoo! Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. 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
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, Trump launched a trade war and Canadians are so mad they're booing the Star Spangled Banner.
Then Elon Musk was granted full access to the federal payment system to do some Doze-related cost-cutting. It's Monday, February 3rd. Let's ride. Let's ride.
Welcome back to the week. Unfortunately, it looks like we're in for a long spell of cold, dreary weather. Punxsutawney Phil, the all-knowing Groundhog, made his annual weather forecast yesterday at Gobbler's Knob in western Pennsylvania, and he saw his shadow, meaning six more weeks of winter. It was Phil's first forecast
as a dad after he and his wife Phyllis welcomed two pups into the family last spring. But does father actually know best? While Phil is probably a loving parent, he is a piss-poor meteorologist. His predictions are correct only 35% of the time, according to the NOAA.
Oh my gosh, Neil, you're still getting your winter forecasts from Phil? Ditch Phil and instead listen to Staten Island Chuck. Staten Island Chuck is New York City's resident groundhog, and he did not see his shadow on Sunday. That means he is in direct opposition to Punxsutawney Phil. So who should you trust? Well, Phil is right 35% of the time, but NOAA data say that Chuck is right 35%.
85% of the time, it does have an asterisk, though. Phil has longevity on his side. He's been in the prediction game since 1887 compared to Chuck's 1981. But still, if you want accuracy, Staten Island Chuck is your guy.
It's not about being right. It is about being first. And maybe it's just cloudy, more cloudy in Staten Island than it is in Punxsutawney, Pennsylvania. Al, I'm saying you are part of the big Phil Cabal.
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