Morning Brew Daily
LA Wildfire Victims Fight Price Gouging & RTO Brings Fresh Office Fits
Tue, 14 Jan 2025
Episode 496: Neal and Toby chat about LA wildfire evacuees and authorities battling against price gouging that are looking to take advantage of desperate victims. Then, the shift towards strict Return-to-Office policies by companies have led to workers shopping for a new office wardrobe. Also, China announces a trade surplus that has reached nearly $1 trillion. Meanwhile, Toby dives into the trend of ghost jobs that are plaguing job sites and job seekers. Lastly, a roundup of the biggest headlines for the day. 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. Checkout public.com/morningbrew for more 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, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Alpha is an AI research tool powered by GPT-4. Alpha is experimental and may generate inaccurate responses. Output from Alpha should not be construed as investment research or recommendations, and should not serve as the basis for any investment decision. Public makes no warranties about its accuracy, completeness, quality, or timeliness of any Alpha out. Please independently evaluate and verify any such output for your own use case. APY as of 1/9/25, offered by Public Investing, member FINRA/SIPC. Rate subject to change. 00:00 - ‘Inner Excellence’ Goes Viral 02:40 - LA Price Gouging 07:48 - Retail Boom for RTO 11:40 - China Trade Surplus 17:15 - Toby’s Trends: Ghost Jobs 20:20 - Headlines Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: What is the issue of price gouging in Los Angeles?
Bonta warnt, dass er und andere Autoritäten jüngst irgendjemanden verurteilen würden, der Rente für verletzte Menschen gehalten hat und andere in weißen Schämen teilnehmen würde. Tobi, diese Feuerzeuge haben bis jetzt mehr als 12.000 Strukturen zerstört, viele von ihnen Häuser, leaving tens of thousands of people seeking temporary places to live.
It's an unprecedented housing crisis on top of an existing housing crisis in Los Angeles.
Chapter 2: How are LA wildfire victims affected by housing costs?
Chapter 3: What trends are emerging in retail due to RTO policies?
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Chapter 4: What is the significance of China's trade surplus announcement?
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For his day job, Jason Oppenheim owns a luxury real estate brokerage that's the focus of the Netflix reality show Selling Sunset. Now, in the aftermath of the wildfires that devastated LA neighborhoods, he's calling out a practice many of those who lost their homes are dealing with. Price gouging.
In an Interview over the weekend, Oppenheim accused landlords of illegally jacking up prices on rental homes to take advantage of desperate people looking for a roof over their heads. He mentioned sending a client to visit a property that had previously been listed for rent of $13,000 a month. When the client got there, the landlord demanded $23,000.
There have been numerous reports like this corroborated by California's Attorney General Rob Bonta, who said he's seen businesses and landlords raise prices above the legal limit. That legal limit is 10% above the pre-disaster cost as part of a price-gouging law California implemented when it declared a state of emergency last Tuesday.
Bonta warnt, dass er und andere Autoritäten jüngst irgendjemanden verurteilen würden, der Rente für verletzte Menschen gehalten hat und andere in weißen Schämen teilnehmen würde. Tobi, diese Feuerzeuge haben bis jetzt mehr als 12.000 Strukturen zerstört, viele von ihnen Häuser, leaving tens of thousands of people seeking temporary places to live.
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Chapter 5: What are ghost jobs and why are they a concern?
It's an unprecedented housing crisis on top of an existing housing crisis in Los Angeles.
Yeah, people are pretty desperate to get into a house right now. So a lot of them just end up throwing money at a place. They'll go see any place just to get a roof over their head. And of course, unfortunately, you have people taking advantage of this, despite what California laws actually say. And you mentioned that. Los Angeles. Los Angeles. Los Angeles. Vielen Dank.
Ja, ich möchte nur einen Punkt auf den Preis-Couching legen. Lass uns über die Berichte sprechen, die schon erwähnt wurden. Es gab einen Real-Economy-Broker, der 400 Liste von seinem Agenten-Liste-Service in Zentral-Los Angeles und San Fernando Valley erhielt. Von mehr als 400 Liste, die er erhielt, hat über 100 mehr als 10% Rente erhoben. Untertitelung des ZDF für funk, 2017
Chapter 6: What are the biggest headlines today?
Untertitelung des ZDF, 2020 whether the algorithms behind pricing are driving, you know, are driving this increase because they respond to demand or landlords are doing this knowingly. So either way, it is illegal. But you did mention rebuilding in L.A. California Governor Gavin Newsom has talked about or is already talking about
LA 2.0, there are huge events happening in Los Angeles in the coming years. You have the World Cup, they're hosting a bunch of games in the World Cup next year. And then they have the Olympics in 2028. So there is a huge rebuilding plan.
One thing he did do was sign an executive order that limits, that scraps or suspends some of those harshest environmental regulations that have constricted housing in California and led to it being the costliest and longest place to get a building project done.
Yeah, there's definitely some question marks about LA 2.0 because the group behind the Olympic Games has set a budget of around $7 billion. Taxpayers, though, would be on the hook if you do go above for any cost overruns above that $7 billion threshold. So that...
obligation and the fact that maybe taxpayers could be on the hook for even more costs in the future, even as they're trying to rebuild, has called some, has prompted some people to say that LA should pull itself out of the Olympics. They have enough to deal with with rebuilding from these fires.
Maybe the International Olympic Committee isn't something that they need to deal with at the current moment. And then not even to mention the World Cup that comes even before the Olympics in 2028. So LA 2.0 is going to Wir haben einige Herausforderungen, aber schon Gavin Newsom und viele in Kalifornien schauen voran, um herauszufinden, wie man von dieser Tragödie nach vorne gehen kann.
Die Leute sind endlich in ihren Covid-Ära-Schmerzen für neue Genos zu handeln und die Verkäufer investieren. Lululemon und Abercrombie haben gestern leckere Einkäufe erhoben, mit beidem ihre Guidanz für das Jahr voran zu erheben, mit der Vorstellung, dass die Verkäufer in das neue Jahr investieren werden.
Credit-Card-Networks corroborated this, seeing a jump in clothes shopping with Visa and Mastercard, both reporting an over 5% bump in the category over the holiday period. But a solid quarter wasn't enough to impress Wall Street. Lulu and Abercrombie ended up trading lower yesterday, with Abercrombie falling as much as 18%. Neal, People are trying to get their style identities back.
Ich meine, wenn du für jemanden ein Weihnachtsgeschenk gekauft hast, während du gekauft hast, hast du wahrscheinlich ein Stück Kleidung für dich gekauft. Die Verwendung von Kleidung über die Weihnachtszeit war im Wesentlichen mit Elektronik an der Reihe. Ich denke, das hat viel zu tun mit den Ausgaben, die die Verkäufer ausgeliefert haben. Es war einfach teuer, Kleidung zu kaufen.
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