Morning Brew Daily
Wells Fargo Can Grow Again & Google Sounds Alarm on Salesforce Hackers
05 Jun 2025
Episode 598: Neal and Toby discuss Wells Fargo’s asset cap being lifted after it spent years overhauling its regulatory policies due to abusive tactics against customers. Then, automakers are scrambling to find workaround after China halts rare earth magnets essential to car production. Plus, a Google report finds hackers posing as IT workers have gained access to Salesforce data for extortion purposes. Meanwhile, Neal shares his favorite numbers on Scottsdale, AZ, cannabis among the elderly, and the loneliest paint of 2025. 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. LinkedIn will even give you a $100 credit on your next campaign so you can try it yourself. Go to LinkedIn.com/MBD Terms and conditions apply. Only on LinkedIn Ads. 00:00 - Nintendo Switch Release 03:00 - Wells Fargo Cap Lifted 07:45 - Cars and Rare Earth Minerals 11:50 - Hacking Warning from Google 16:15 - Neal’s Numbers 24:00 - Headlines
Full Episode
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, after seven years of sleeping in the garage, Wells Fargo gets invited back into the house.
Then hackers have been using a sophisticated voice phishing operation to steal customer data from retail companies. It's Thursday, June 5th. Let's ride.
Happy Switch 2 release day. Nintendo's highly anticipated follow-up to its best-selling Switch console hit websites and stores around the world at midnight. And if you do not have one in your hands right now, you might be out of luck. Walmart, GameStop, and BJ's have apparently sold out of their inventory, at least online, but they and Target say they'll have limited stock in physical stores.
Over in Japan, the frenzy is even bigger. About 2.2 million people in that country alone entered a lottery system to secure a pre-order, and that was after imposing rules like you needed to log 50 hours of gameplay on the Switch to even participate. Toby, find someone who looks like you the way Nintendo fans look at the Switch, too.
They are coming out in droves for this thing. A Verge writer who lives in a town with a population of just 65,000 people documented his experience waiting in line to get his Switch. Nintendo Switch, and he said his local Best Buy had a line 400 people deep before the Switch even came out. That is some crazy demand.
Nintendo expects to sell 15 million units in one year, but you might want to take the over on that. It's great news for electronics retailers, too, like BJ's, like Walmart, like Best Buy. It's their Super Bowl. They're having all these people come out in droves if the Every eight years. And now a word from our sponsor, LinkedIn ads. All right, Neil, quiz time.
What's the difference between an ad that gets ignored and one that drives results? Better creative. That's part of it. But the other part is who the audience is. You can have the best creative in the world, but if you're barking up the wrong tree, you're not going to see any conversions.
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