Anxious Shoppers Love Dollar General & Meta Inks Nuclear Deal

Summary

Morning Brew Daily: Episode Summary Title: Anxious Shoppers Love Dollar General & Meta Inks Nuclear Deal
Hosts: Neal Freyman and Toby Howell
Release Date: June 4, 2025

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1. Community Highlights: MBD Trivia Event

[00:59] Neal Freyman:
Neal opens the episode by reflecting on the recent MBD Trivia night in New York City, celebrating the community's engagement with over 100 attendees. He shares memorable moments, such as a father-daughter duo traveling from Arizona and the lively atmosphere created by the participants.

[01:26] Toby Howell:
Toby humorously attributes the booing at the event to Neal's challenging trivia questions, highlighting the hosts' playful dynamic. He expresses enthusiasm for future trivia events, including potential virtual sessions to engage a broader audience.

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2. Dollar General Thrives Amid Economic Uncertainty

[02:29] Neal Freyman:
Neal delves into Dollar General's impressive performance, noting a more than 10% stock jump following better-than-expected earnings. He explains that Dollar General primarily serves households with incomes under $30,000 but has successfully attracted middle and higher-income customers during tough economic times. Despite a dip in customer traffic, the average transaction amount increased by 2.7% in Q1, indicating that shoppers are spending more per visit.

Notable Quote:
"Customer traffic actually dipped, but average transaction amount rose 2.7% in Q1, showing that customers were selling out more when they did drop in." – Neal Freyman [03:00]

[04:06] Neal Freyman:
Neal highlights Dollar General's strategic initiatives, including remodeling over 1,000 stores under "Project Renovate" to enhance the shopping experience. The partnership with DoorDash for delivery services is also cited as a key factor in attracting higher-income shoppers.

[04:56] Toby Howell:
Toby compares Dollar General to other resilient retailers like Costco and Walmart, emphasizing its ability to navigate economic headwinds. He cautions about the dependency on tariff-related cost avoidance, noting that any increase in tariffs could pose challenges.

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3. Meta’s Nuclear Power Agreement Fuels AI Ambitions

[06:56] Toby Howell:
Toby transitions to the energy sector, announcing Meta's 20-year deal to purchase power from a Constellation Energy-managed nuclear plant in Illinois. This move supports Meta's expanding AI operations, which have tripled their electricity consumption from 2019 to 2023.

[08:09] Neal Freyman:
Neal provides context on the surge in AI-driven power demand, projecting that data centers will consume 12% of American energy by 2028, up from 4% in 2023. He describes the unexpected alliances forming between tech giants and nuclear energy providers to meet these demands sustainably.

Notable Quote:
"These tech companies used to focus on social media are now partnering with nuclear power plants in the rural Midwest, creating a mutually beneficial partnership." – Neal Freyman [08:09]

[09:53] Neal Freyman:
Neal clarifies that Meta's agreement is part of a carbon accounting strategy to offset emissions from data centers currently powered by natural gas. By investing in zero-emission nuclear power, Meta aims to present a more environmentally friendly image to shareholders.

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4. Collapse of Builder AI: A Cautionary Tale

[09:53] Neal Freyman:
The discussion shifts to the sudden collapse of Builder AI, a UK-based startup once valued at $1.5 billion. Despite raising over $450 million from investors like Microsoft and Qatar's sovereign wealth fund, the company failed to meet financial obligations, leading to bankruptcy filings and fraud investigations.

[12:29] Toby Howell:
Toby critiques the misleading practices at Builder AI, including inflated revenue forecasts and reciprocal billing with a social media startup to create a facade of growth. He underscores the broader implications for the AI startup ecosystem, particularly in the UK, which has struggled to compete with the US in securing AI unicorns.

Notable Quote:
"When you're dealing with a guy who calls himself Chief Wizard, you should maybe be a little skeptical." – Toby Howell [12:29]

[13:37] Neal Freyman:
Neal reflects on the impact of Builder AI's downfall on the UK’s AI landscape, highlighting the significant loss in investment and the challenges the region faces in catching up to US advancements in AI technology.

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5. Fast Food Chicken Wrap Showdown

[16:23] Neal Freyman:
Neal introduces the resurgence of the fast-food chicken wrap battle, spotlighting McDonald's return of the Snack Wrap on July 10th and its competition from Popeyes, Wendy's, and Burger King. He notes the growing popularity of chicken over beef in the fast-food industry, with sales nearly doubling and outpacing beef growth globally.

[17:39] Toby Howell:
Toby analyzes the competitive landscape, praising Popeyes' new chicken wrap for its crispy texture and acknowledging the cult following of McDonald's Snack Wrap. He expresses concern over McDonald's ability to meet elevated customer expectations amidst fierce competition.

[18:36] Neal Freyman:
Neal expands on the trend, mentioning Rohr Capital’s acquisition of Dave's Hot Chicken for $1 billion. He attributes the success to the spicy, Nashville-style offerings that resonate well with younger consumers, reinforcing the dominance of chicken-focused fast-food chains.

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6. Final Headlines

a. Elon Musk vs. Donald Trump Over Tax Bill

[19:23] Toby Howell:
Toby reports on Elon Musk's public criticism of President Trump's major tax and spending bill. Musk labels the legislation as a "disgusting abomination," citing concerns over the increased national debt and the impact on Tesla's electric vehicle tax credits.

[20:52] Neal Freyman:
Neal discusses the ramifications of Musk's opposition, highlighting his significant political donations and the uncertainty it brings to future political dynamics. He notes that the bill, which has yet to pass the Senate, faces opposition from several Republicans who share Musk's concerns.

Notable Quote:
"This massive, outrageous pork-filled congressional spending bill is a disgusting abomination." – Elon Musk [20:52]

b. Canadian Wildfires Impacting Air Quality in the US

[22:01] Toby Howell:
Toby updates listeners on the severe wildfire season in Canada, detailing mass evacuations and deteriorating air quality across parts of the US, including Iowa, Minnesota, Wisconsin, Michigan, and the Northeast. Over 200 fires are burning, with nearly 2.5 million acres affected.

[22:49] Neal Freyman:
Neal elaborates on the scale of the wildfires, mentioning the potential for smoke to combine with recent sandstorms from the Sahara, exacerbating air quality issues in the Northern United States.

c. Rick Astley's "Never Gonna Give You Up" Hits 1 Billion Streams

[23:23] Neal Freyman:
Neal celebrates Rick Astley's iconic song achieving over 1 billion streams on Spotify, 38 years after its original release. He touches on the song's resurgence through the phenomenon of Rickrolling, though he humorously notes that the podcast lacks the rights to play the song.

[24:14] Toby Howell:
Toby delves into the history of Rickrolling, linking its origins to the Grand Theft Auto 4 trailer crash in 2007. He comments on the surprising financial gains—or lack thereof—for Rick Astley, who has earned minimal royalties despite the song's popularity.

Notable Quote:
"He should rerecord the song, Rick’s version, own all of his masters, write it again and then maybe he'll make a little more money than $24." – Neal Freyman [25:36]

d. Upcoming Sports Events

[25:55] Neal Freyman:
Neal highlights the upcoming Stanley Cup Finals between the Edmonton Oilers and the Florida Panthers, as well as the Women’s College World Series featuring Texas Tech and Texas. He teases exciting matchups and key players to watch.

[26:24] Toby Howell:
Toby adds insights into the sports events, mentioning the economic disparities influenced by tax laws between the competing teams and spotlighting standout athletes like Texas Tech pitcher Njerie Kennedy.

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Conclusion

[27:15] Neal Freyman & Toby Howell:
Neal and Toby wrap up the episode by encouraging listeners to engage with the podcast and share their thoughts via email. They express gratitude for the community's support and tease future episodes, maintaining their signature witty and conversational tone.

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This summary captures the essence of the June 4, 2025, episode of Morning Brew Daily, highlighting key discussions on Dollar General's market performance, Meta's strategic energy partnerships, the collapse of Builder AI, competitive dynamics in the fast-food industry, and notable headlines ranging from political tensions to environmental challenges.

Transcript

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[Neal Freyman]

Good Morning Brew Daily Show I'm Neal Freyman.

[Toby Howell]

And I'm Toby Howell.

[Neal Freyman]

Today McDonald's is bringing back the snack wrap, but this time around it's got some competition.

[Toby Howell]

Then Dollar General is not just surviving, but thriving in the face of economic uncertainty. It's Wednesday, June 4th. Let's ride.

[Neal Freyman]

What a time was had at MBD Trivia last night here in New York City than thanks to the more than 100 of you who came and played along. I feel like so many memories and friendships were made just in the span of two hours. There was this guy who drove in from Fairfield, Connecticut just to hang the father daughter duo who was visiting all the way from Arizona and the time everyone loudly booed Toby for one of his Toby's Trends questions. Just super cool to see the community you've created around this podcast.

[Toby Howell]

I think you're confusing those boos with the abject despair your diabolical Neil's numbers category instilled in everyone. But yes, we're we certainly want to do more trivia going forward and appreciate everyone who came out. Maybe some virtual zoom trivia is in our future too, so all you outside the city can show us how smart you are and also maybe boo my questions. And now a word from our sponsor, LinkedIn Ads. Neil, you ever order food at a restaurant and get the completely wrong dish?

[Neal Freyman]

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LinkedIn will even give you a $100 credit. To get started, just go to LinkedIn.com MBD that's LinkedIn.com MBD terms and conditions apply. If you want to purchase some shares of Dollar General, you're going to need a few more dollars after the stock jumped more than 10% yesterday following some better than expected earnings. In a sunny outlook, Dollar General sales come primarily from households with an income of less than $30,000 a year. But when times get tough, the brand also starts to attract more middle and higher income customers. Customer traffic actually dipped, but average transaction amount rose 2.7% in Q1, showing that customers were selling out more when they did drop in Its ability to track attract value conscious shoppers is why this business falls in the camp of companies who who do well during times of economic uncertainty. It sets up its tent neck to the likes of Campbell's who reported earnings on Monday showing a jump in food sales as people opt for microwave chicken noodle dinners rather than going out. Costco and Walmart are two other businesses who also forecasted strong quarters ahead in the face of adverse conditions. Now of course, a lot of Dollar General's sunny forecast is also tied to some optimism that it can dodge some tariff related costs but by pressuring suppliers, finding cheaper alternatives and shifting production. So Neil, it needs to thread this needle between attracting customers who are searching for deals so Neil, it needs to thread this needle between attracting customers who are searching for deals to dodge tariff related price hikes while also figuring out how to keep their own prices down as well.

[Neal Freyman]

Such an interesting snapshot of where we are in the economy right now. Dollar General's first quarter had the highest percentage increase in trade in customers in first four years. That's what the CEO said. And trading customers are new customers. Those medium, middle and higher income customers who don't typically shop at Dollar General. They may shop at Target or Walmart or other retailers, but they started to shop at Dollar General at the highest rate in four years because of what's going on in the economy. Maybe they're scared of tariffs or inflation or whatever it is they're starting to, they're starting to shop at Dollar General and that's very good for, for Dollar General because those people have higher incomes, they spend more per trip and they just spend more overall than Dollar General's existing customers. So this is an absolute. We talk a lot about companies Facing headwinds. This is a huge tailwind for a company like Dollar General.

[Toby Howell]

Yeah, Dollar General actually reminds me of this quote from another chief executive of Sam's Club, which he actually spoke about on this show. Chris Nichols, the executive of Sam's Club said, through good times we do well and through times that are tough, we do even better. And it feels like Dollar General is another business that falls into into that camp. It's standing out in the retail industry that has been taking a lot of hits. If you look around at Macy's, Best Buy, they've all said that they've cut their profit outlooks due to the hit from tariffs. But Dollar General actually joins the likes of Costco and Wal Mart who raised their outlooks and said like, hey, we're actually going to thrive in this environment. That being said though, there are some assumptions that they're making that led to that higher forecast. They're assuming that they're going to face just 30% tariffs on goods imported through China from China through mid August, which is semi a big if. Because if those tariff pause that Trump has announced actually goes back up to the untenable 145% tariffs, that throws everything back into chaos again. So they do have to do a little bit of navigating and be nimble as this tariff environment continues to evolve.

[Neal Freyman]

And let's give the management team some credit because sure they are going to benefit from what's going on externally in the economy, but they have been undergoing some serious renovations at their stores. They've remodeled over 1000, they've opened 156 new ones as part of this something called Project Renovate. And they're trying to make these stores just more nice to go into. And they plan on sort of flipping over and remodeling 20% of its fleet each year. They have 20,000 locations, so you can do the math. It's going to take a while, but they are making their stores just a more pleasant experience to go into. And that had been a big criticism of dollar stores in general. One reason why you're not attracting higher income shoppers is because they don't want to go in. So if you remodel stores, make them nicer. And also Dollar General partnered with Doordash and they said that this partnership of delivery from Dollar General to higher income shoppers is another reason why they saw this cohort shop more at Dollar General.

[Toby Howell]

Let's move on. Another day, another win for nuclear. After Metta agreed to a 20 year deal to purchase power from an Illinois plant managed by Constellation Energy. Metta is a hungry hungry hippo when it comes to fueling its AI ambitions. Having tripled its electricity consumption from 2019 to 2023, Constellation is happy to step up to the plate, giving new life to a Clinton based plant that was actually slated to close back in 2017. After years of losses, a state credit program stepped in to keep it afloat through 2027. And now Metta is set to take the reins once that support ends, enabling it to expand output at the site by 30 megawatts. Metta isn't alone in its push to boost nuclear power sourcing. The deal comes just eight months after Microsoft inked a similar agreement to purchase energy from Pennsylvania's infamous Three Mile island plant. Amazon and Google have also invested in small scale nuclear projects. And just two weeks ago, Trump signed an executive order aiming to quadruple the country's nuclear power capacity over the next 25 years. Neil Nuclear has positioned itself as a reliable, climate friendly way to meet the gargantuan power demands from big tech giants, leading to this big groundswell of support.

[Neal Freyman]

Let's just take a step back. It is crazy to think that you asking a chat bot for tips for your trip to Paris would result in Facebook Facebook company essentially buying a nuclear power plant in Illinois. And that's because you're right, these are hungry hungry hippos, these chat bots. All of this AI industry is gobbling up power like we've never seen before. There's projections out that say data centers will consume 12% of all American energy output by 2028, just three years from now. It was 4% in 2023. One of the biggest limitations for these companies in pursuing their AI ambitions, which they've bet the farm on, is the availability of power. So we've seen extremely strange bedfellows here between tech companies used to do social media and nuclear power plants in the rural Midwest coming together and, and it seems to be a mutually beneficial partnership.

[Toby Howell]

Yeah, you look at what analysts are saying. A Bank of America analysts recently wrote in a note to clients last week that power remains the biggest constraint on big tech AI ambitions. He said deployment of data centers with a reliable access to high power is as much of a bottleneck in AI deployments as access to chips and systems. We talk so much about Nvidia and the fight for GPUs to train these models, but you also need electricity to power those models, which is where you see the, this massive push coming from. You're also seeing it on the government side as Well, I mean, I spoke about Trump's bill that he just recently signed, executive order that he recently signed. But last year, 25 states also passed legislation to advance and support nuclear energy. There was the big plant that opened in Georgia last year as well. So there definitely is this groundswell of support around nuclear as a power source.

[Neal Freyman]

And I just want to clarify that Metta isn't going to use the nuclear power from this particular plant in Illinois to flow to directly to its data centers. What it's doing is a bit of clever carbon accounting because thanks to the increased power demand that these tech companies used, right now these data centers are powered by, mostly powered by natural gas plants. And they want to show shareholders that they are being more emissions friendly. Nuclear power is zero emissions. So what they're saying is we are going to be a customer of these nuclear power plants in order to offset the emissions that we're creating through these, you know, through these other data centers that are powered by more emissions producing power. So it's a somewhat a carbon accounting. This power isn't going to go from the nuclear plant to Met as servers, but it is just a way so they can offset their emissions. The startup world just experienced its biggest ever crash. Builder AI, a Microsoft backed company once valued at 1.5 billion billion, collapsed in spectacular fashion this month, unable to pay its 1,000 employees and is preparing to file for bankruptcy. And now prosecutors are on the hunt for potential fraud. Builder AI was founded in 2016 by Sachin Dev Duggle, a tech entrepreneur who promised to make building smartphone apps as easy as ordering a pizza, no code required. The company raised more than $450 million from heavyweights including Microsoft, Qatar's sovereign wealth fund, and venture capitalists such as Insight Partners. Douglas took position chief wizard and was treated as such on the international circuit. As recently as last year, he was named an EY World Entrepreneur of the Year and hosted events with celebrities at Davos. But even as Dougl hobnobbed with the A list in ski chateaus, cracks were beginning to form in builder AI's promise. In 2019, it was accused by a former employee of being essentially nothing more than a smoke and mirrors operation. Media Reports found that when it was seeking emergency cash last year, it gave lenders a revenue forecast that was over four times its actual sales, 220 million versus the actual 50 million. And the knockout blow came a few months ago when a creditor pulled cash from its bank account after realizing they'd been duped. Douglas was pushed out and a new CEO was hired to save the business. But that proved difficult when the new guy learned that the company had quote $0 to its name. Toby. This is extremely embarrassing for the AI industry and all those investors, but in hindsight, when you're dealing with a guy who calls himself Chief wizard, you should maybe be a little skeptical.

[Toby Howell]

If the LinkedIn says Chief wizard, yes, you probably should run. I do think that this is just one of the cautionary tales that has emerged from this, this funding push that have flown into AI companies. A lot of the reported capabilities of this AI app building service ended up being humans. There were 700 engineers based in India that were supporting a lot of the so called automated app manufacturer making. And then also another bit a financial chicanery that was going on here is that Builder AI was kind of trading revenue with this social media startup in India called Versa. They were billing each other for roughly the same amounts of money from 2021 to 2024, but then not actually providing the products or services that were supposed to be delivered if you were billing that amount. It's the old I send you $1 million, you send me $1 million. Congrats. We just both grew our revenue by $1 million each. So you create this illusion of growth, you try to attract more venture capital dollars which the well was running dry for them. So just a lot of different things going on underneath the surface here that led to the collapse of this once buzzy startup.

[Neal Freyman]

And it is a huge setback for the UK AI startup environment because the UK has trailed the US. Everyone has trailed the US in terms of building AI unicorns since 2019. US startups have US AI startups raised $84 billion. UK startups have raised $3 billion. So there's that huge gap and Builder was responsible for so much of that 3 billion for the UK. Just a big setback on for a country that is trying to catch up to the USB at the forefront of this technology and their buzzy start. This was the biggest start AI startup in the UK and possibly around Europe. It just collapsed in spectacular fashion.

[Toby Howell]

I just feel bad too because I mean you go back to a few years ago, the former pm, the PM at the time, Rishi Sunak was pitching London as the global hub of AI regulation. There was this big buzzy presentation about how they wanted to attract AI talent but also be the forefront in regulating that talent. But then also a 16Z made a big deal about opening a London office over there. They, they busted out this big outpost and then they closed it recently in January, less than a year after they opened it. So you're right, the hits just keep coming for the London and the UK tech scene at large. All right, we're going to take a quick break and come back and talk about Chicken if you're taking your business abroad, make sure your finances are ready to go global with Wise Business. Wise Business is the account for doing business in other currencies.

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[Neal Freyman]

Remember the fast food chicken sandwich wars? They are back, but swap out the bun for a flour tortilla. The great chicken wrap battle of 2025 heated up in a big way yesterday with McDonald's announcing that its legendary snack wrap will return to US locations on July 10th. The cult favorite wrap has been nixed in American McDonald's stores since 2016 because it took too long to make, sparking a nine year, ultimately successful protest by its fans to bring it back. But it's going to have competition. On Monday, Popeyes announced its own chicken wrap, coming in three different flavors, trolling McDonald's during its reveal. Meanwhile, Wendy's and Burger King have all sold chicken wraps since 2023. So we've got ourselves a swaddled poultry rumpus reaching every corner of the fast food industry. And it's no coincidence that chicken is once again volunteering as tribute to spur Growth. Fast food chicken sales are almost twice the size of beef and are growing more quickly, not just in the US but all across the world. And restaurants that have focused solely on chicken are growing at a much faster rate than their rivals. Chick Fil A, for instance, has quadrupled sales in the past decade. Toby, I know you can handicap horse races, but now we need you to handicap the chicken wrap contenders.

[Toby Howell]

I mean, I'm not going to lie. Looking at the Popeyes chicken wrap, it looks a little tough to beat. It's going got that crispy fried chicken on the outside. McDonald's, I mean, has been the prince that was promised for so long now, but in its absence, just totally fumbled the bag here and let all these new entrants come in and horn in on their territory. Fans never forgot that OG snack wrap, though. I mean, there is a change.org petition to bring back the item that has almost 19,000 signatures that people were still signing just two months ago. So it has been this cult classic thing. I'm a little nervous for McDonald's, honestly, because how can you possibly live up to all the hype and all the, you know, longing for this product that has been off menus for a while now, Especially when you have to go toe to toe with Popeyes who quite frankly, laps. McDonald's is crispy chicken sandwich with their own sandwich. So I would be a little nervous about McDonald's. You helped create this hype cycle. Now you got to live up to it.

[Neal Freyman]

Meanwhile, you can't ignore the upswell in fast food chicken more broadly. There was deal on Monday. Rohr Capital P E firm that just bought Subway, that just took Subway private, bought a majority stake in Dave's Hot Chicken for at a valuation of $1 billion. Dave's Hot Chicken, which I had not heard about, started in 2017 in a Los Angeles parking lot. Sales were up 57% last year to top $600 million. It just got bought out for $1 billion. They focus on these very large chicken tenders and with varieties of, you know, dipping sauces in various spice levels. Now, this company is an absolute juggernaut. They're growing by hundreds of locations every year. It seems like any, any fast food company that leans into chicken can do absolutely no wrong right now.

[Toby Howell]

Yeah, 1A is chicken, but I would actually say 1B to that is the fact that it's Dave's Hot Chicken. Because spiciness in hot levels, they're doing Nashville style hot chicken, I think is also driving a lot of younger consumers as well. We've talked about this on the show, how younger people are flocking to spicier or spicier meals in general now. So I think that they literally in the Venn diagram of things that are popular right now, you have chicken and you have spicy stuff and Dave's hot chicken falls squarely in the middle of that, which is why it was valued at this pretty staggering number for, you know, a quick serve or a fast food restaurant chain. Let's sprint to the finish with some final headlines. The bromance between Elon Musk and Donald Trump appears to be going off the rails a little bit after Musk roasted the President's big tax and spending bill yesterday on X. Musk started his tirade by saying, I'm sorry, but I just can't stand it anymore, before going full scorched earth saying, this massive, outrageous pork filled congressional spending bill is a disgusting abomination. So who knows how he really felt. The outburst was likely fueled by a couple of things. The legislation in its current form cuts the electric vehicle tax credit that helps sell Teslas. But also according to follow up posts from Musk, he's most against it because it, quote, massively increases the already gigantic budget deficit, burdening American citizens with what he called crushingly unsustainable debt. So Neal, trouble in paradise after Trump's one time hype. Man has just turned on his big beautiful bill.

[Neal Freyman]

An absolute bombshell because Elon Musk was the biggest political donor of the 2024 election cycle and now we don't know what's going to happen going forward. He said he would pull back from politics, but now he has vowed to try to get out all the people who supported this bill. House Speaker Mike Johnson was asked about it. He spoke with Musk on Monday. He suggested that it was because of the EV tax credit going away, which was 70$500 for customers of electric vehicles like Tesla. We don't know exactly why Musk is appalled by this bill, but it does add $2.7 trillion through the DEFIC, also through 2034. Just brings into stark relief that this bill is not yet done at all. It passed the House and now it has to go through the Senate. And there are a number of Republicans who oppose this bill who agree with Musk, like Senator Rand Paul who said we are not cutting enough from the original text of this bill. So this, you know, it just brings into relief that the fact that this thing has a long way to go to passage. And, you know, Elon Musk just kind of dropped the bomb on Everyone there.

[Toby Howell]

It is a wildfire season in Canada once more, triggering mass evacuations from Manitoba to Alberta and leading to degraded air quality in parts of the US as well. Health alerts have been issued in Iowa, Minnesota, Wisconsin and Michigan, as well as parts of the Northeast as the smoke drifts into US territory. Drought conditions have led to over 200 fires burning as of yesterday, with over 100 already out of control, affecting nearly two and a half million acres in terms of area burn for this time of year, according to Axios. That is second to Only the record 2023 wildfire season, which turned Sky's Blade Runner orange in parts of New York City. Neal the Canadian Climate Institute noted that wildfires are getting bigger, hotter and more frequent in Canada, with this year's wildfire season already shaping up to be one of the most intense on record.

[Neal Freyman]

Yeah, There are now 205 fires burning across Canada. 103 of them are burning out of control. Many have been evacuated, and there's a possibility that the smoke from the wildfires from Canada filtering into the United States could mix with the sandstorm that we've talked about yesterday coming from the Sahara in the Gulf Coast. These two factors coming in to just create absolutely horrible air quality conditions. Unclear whether they're going to meet up later this week, but we do know that at least in the northern part of the United States, there's going to be a lot of air quality issues coming today, coming later this evening. So just be careful out there and we hope everyone in Canada is doing okay as well. Moving on to some lighter stuff, the man who pledged to never give you up or let you down just hit a historic music milestone. Rick Astley's song Never Going to Give youe up has now passed 1 billion streams on Spotify 38 years after the song debuted in 1987. While it was a hit in its own right back in the 80s, the song found a second life in the 2000s as a bait and switch prank known as Rickrolling, where you click a link thinking it's going to take you to content you actually want to see, only to be directed to the never going to give you up YouTube page with that iconic drum fill intro. We don't have the rights to the song on this podcast, so we can't Rick roll you now, but congrats to Rick on this achievement. One of the great love anthems of our age.

[Toby Howell]

The history of this is just so steeped in Internet lore as well. Part of the reason why it became such a big thing was back in March of 2007. This feels like a copy and paste of modern times. The trailer for the highly anticipated Grand Theft Auto 4 game was released on Rockstar Games website. But the viewership was so high that it actually caused the site to crash. So a lot of users started pitching in and hosting their own websites are saying like, hey, come click this link, watch this video. But then another cohort of Internet users said, wouldn't it be funny if we just started doing this Rick Rolling thing that where we pretend that it's one link and it's actually links to Rick Astley's song here. So this bait and switch is tied back to a Rock Star Game Grand Theft Auto trailer, which is something we're still talking about to this day. But also after millions upon millions and now billions of views and streams, how much money has Rick Rowling actually created for its star performer? As of 2010, Rick Astley said it hasn't been much. It's been $12 actually. And part of that is because he didn't write the song. So he only gets the performer share of the recording copyright. So those. That's not exactly the figure that you'd expect for such a popular song. That was back in 2010. So maybe it's doubled. Maybe he's made 24 bucks since then. But he's not necessarily raking in the dough from this very funny Internet prank.

[Neal Freyman]

I have an idea. He should rerecord the song, Rick's version, own all of his masters, write it again and then maybe he'll make a little more money than $24.

[Toby Howell]

Said that he doesn't have any hard feelings or any big feelings towards Rick Rolling. He says, I think it's bizarre and funny. My main consideration is that my daughter doesn't get embarrassed about it. So he's a family dad of the year right there.

[Neal Freyman]

All right. Finally, if you're looking for something to watch on TV tonight, there are plenty of high stakes sports going on. The Stanley cup finals begin tonight with a rematch of last year, the Edmonton Oilers versus the Florida Panthers. The Panthers will try to go back to back while the Oilers aim to become the first Canadian team to lift the cup since 1993. And the women's College World Series begins with came one of a best out of three series between Lone Star State rivals Texas Tech and Texas. The softball games have been so fun to watch these past few days.

[Toby Howell]

Yeah, excited for NHL rematches are always pretty fun. Also, the different tax laws are at work here with the Florida Panthers having no state income tax versus the Edmonton Oilers with a healthy dose of income tax. So that's a little bit of a of a tax showdown as well. And then the Sooners. This is kind of crazy not playing in the national championship for the first time since 2018. And a big part of the reason why they lost is that Texas Tech's Texas Tech signed this absolute juggernaut of a pitcher, Njerie Kennedy. She signed an nil deal worth more than $1 million to go to the Red Raiders, and she literally pitched every single pitch to send a team to the championship series. That hasn't been done since 2019. So that is nil money very well spent if you're a Texas Tech fan. And sorry, Sooners, I'm sure you'll be back shortly.

[Neal Freyman]

That is all the time we have. Thanks so much for starting your morning with us and have a wonderful Wednesday. What kind of week are you having? Does it feel like it's already Wednesday or is it only Wednesday?

[Toby Howell]

It's only Wednesday.

[Neal Freyman]

If you have any thoughts, I agree with you. If you have any thoughts on today's episode, send an email with questions, comments or feedback to Morning Brew Daily at Morning Broadcom. Let's roll the credits. Emily Milian is our executive producer. Raymond Lu is our producer. Our associate producers are Olivia Graham and Olivia Lake. Hair and makeup was so sad to miss you all at Trivia. They just had a conflict. Devin Emery is our president, and our show is a production of Morning Brew.

[Toby Howell]

Great show today, Neil. Let's run it back tomorrow.

[Neal Freyman]

Oh, hello, Morning Brew Daily. It's Money with Katie here. When I first started learning about money, I heard all about the best practices, right? Spend less than you earn. Max out your 401k, pay off high interest debt. All good advice, but most personal finance content didn't address one major theme that women experience money differently. From the hot girl hamster wheel of paying monthly for beauty regimens to the way women are more likely to leave the workforce to take care of children or aging parents. Or even that women just simply live longer and therefore need to invest more aggressively. No one was really talking about the ways in which women need a different strategy. So that's what I have spent the last five years tackling at Money with Katie. And now I've taken X everything I've learned and put it into my book, Rich Girl Nation, coming out June 10th. You'll learn how to build wealth for yourself, but you'll also see how we can rewrite the rules of money for women once and for all. Cy personal finance pros like Paula Pant, Farnoosh Tarabi and Jael Collins recommend Rich Girl Nation. And grab your copy [e-mail] RichGirl Nation it's time to revolutionize how we think about money.