Morning Brew Daily
'Maxinomics' Explains Tariffs, the Space Race, Can the US Buy Greenland? And More
Mon, 20 Jan 2025
Episode 500: Neal and Toby talk to the man behind ‘Maxinomics’ Phil Andrews about why tariffs are more powerful than we think, the history behind the space race and why today’s space race is an entirely different animal. Then, can Southwest survive the rapidly changing airline industry? Plus, Phil explains what he means by ‘calories per dollar’ and why Chipotle wins out against McDonald’s in this measurement. Lastly, why the Sunbelt is losing its shine. Find Maxinomics on YouTube: http://www.youtube.com/@Maxinomics Follow Maxinomics on X: https://x.com/maxinomics Follow Maxinomics on IG: https://www.instagram.com/maxinomicsmb 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
What is the background of the Maxinomics brand?
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.
You are a big fan of Costco's business model and frankly who isn't $1.50 hot dog soda combo. You cannot beat that. What can the retail industry learn from the way Costco does things while maintaining their own identity?
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.
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.
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.
We've been talking about food a little bit and you have posted some videos about fast food. Chipotle's market cap right now is around $76 billion. McDonald's is $200 billion. What does calories per dollar have to do with the gap between those two market caps potentially narrowing over the coming years?
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.
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.
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.
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