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Big Banks Fuel Stock Market Rally & The FTC's Next Target... John Deere
00:31:39
Big profits make stock market happy & FTC goes after John Deere
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- [00:01]
Toby Howell
We're so done with New Year, New you this year it's More youe on Bumble.
- [00:07]
Neal Freyman
More of you shamelessly sending playlists, especially that one filled with show tunes. More of you finding Geminis because you.
- [00:13]
Toby Howell
Know you always like them.
- [00:14]
Neal Freyman
More of you dating with intention because you know what you want and you know what? We love that for you, someone else will too. Be more you this year and find them on Bumblebee. Good morning, Brew Daily Show. I'm Neal Freyman.
- [00:30]
Toby Howell
And I'm Toby Howell.
- [00:31]
Neal Freyman
Today, stocks had their best day since right after the election. Who's responsible for Wall Street's surprise party then?
- [00:37]
Toby Howell
John Deere is in trouble with the FTC for making its tractors too dang hard to repair. It's Thursday, January 16th. Let's ride.
- [00:51]
Neal Freyman
Before we get into the business news, there were some major developments in global Politics yesterday. After 15 of devastating war in Gaza, Israel and Hamas agreed to a long awaited cease fire brokered by the U.S. qatar and Egypt. It's a three stage deal that will see a return of the hostages to Israel, a phased withdrawal of Israeli forces from areas in the enclave, and a surge in humanitarian aid to hundreds of thousands of displaced Palestinians. Both the Biden and incoming Trump administration worked together on the deal. In a rare moment of cooperation, one official called almost unprecedented. The first phase is set to go into effect on Sunday, but it needs to be approved by the Israeli cabinet first. And earlier this morning, that vote has been delayed as Israel accused Hamas of reneging on parts of the deal.
- [01:38]
Toby Howell
Biden followed up that cease fire announcement with his farewell address to the nation last night. He used his platform to sound the alarm about the quote, dangerous concentration of power in the hands of a few ultra wealthy people and the rise of the quote, tech industrial complex that he says puts our basic rights and freedoms at risk. Today an oligarchy is taking shape in America, Biden explained, of extreme wealth, power and influence that literally threatens our democracy. Biden's remarks come as Elon Musk, Jeff Bezos and Mark Zuckerberg are set to have courtside seats to Trump's inauguration on Monday, with Zuckerberg tapped to host a black tie reception for the incoming administration. Now a word from our sponsor, public.com Neil, you know what's better than finding $20 in your old jeans?
- [02:26]
Neal Freyman
Finding $10,000.
- [02:28]
Toby Howell
Well, those are some big jeans, but yes, when you transfer your investment portfolio to public, you could earn up to.
- [02:35]
Neal Freyman
$10,000 and they make it super simple. You can set up and fund your account in under five minutes once you're.
- [02:41]
Toby Howell
In, you've got access to their full menu of investment options, stocks, crypto bonds, options. It's all there.
- [02:47]
Neal Freyman
Not to mention their AI Research Assistant Alpha, which helps you make sense of it all.
- [02:51]
Toby Howell
Head to public.com/morning brew and see why millions of investors trust Public with their portfolios.
- [02:57]
Neal Freyman
And always remember to check your jean pockets paid for by Public Investing Full Disclosures in Podcast Description if you opened.
- [03:05]
Toby Howell
Your brokerage account yesterday, you were finally greeted with some green numbers looking back at you. The Dow surged 700 points, the S&P 500 had its best day since November, and the Nasdaq snapped a five day losing streak as the market digested a favorable inflation report and a solid start to fourth quarter earnings. The CPI report, which measures the monthly and annual price changes for consumer goods, showed that the Fed's fight with inflation is far from over, but had some bright spots too. The index rose 0.4% from November to December and was up 2.9% from a year earlier. In line with expectations. However, core inflation, which strips out volatile food and energy prices, fell to 3.2% below expectations of 3.3%. That reading spurred a little optimism in traders and boosted hopes that Jerome Powell and the Fed will continue its rate cutting campaign throughout this year. On top of the CPI report, fourth quarter earnings got off to a strong start, headlined by the largest banks. J.P. morgan, Wells Fargo and Goldman Sachs all reported quarterly and annual financial results yesterday that beat analysts expectations as a pickup in corporate dealmaking. Fat and profits. JP Morgan CFO Jeremy Barnum went so far as to say that there is, quote, no question that we are in an animal spirits moment right now, Neil, Judging from yesterday's market performance, I don't think John Maynard Keynes would disagree with him.
- [04:31]
Neal Freyman
Let's go back to 2023. JP Morgan posted the biggest profit of any lender in the history of American banking. And then in 2024 it followed that up and crushed those Numbers. It scored $58.5 billion in profits, which was up 18% from 2023 is 49.6 billion. It's the first time that any bank in American history has broached breached that $50 billion profit mark. Times are so good for for American banks right now. They had been good last year, they'd been good since we've been coming out of the pandemic and now they're looking ahead to the incoming administration, deregulation, rolling back of of some rules that had constrained them. They're seeing animal spirits. They're seeing just so much More money coming into their coffers, they're seeing more deal making, they're seeing companies more finance more to spend more. And so these banks reported absolutely incredible numbers.
- [05:29]
Toby Howell
And then let's zoom in on the CPI report as well, which was a little bit of a mixed bag because again did see inflation actually rise on a monthly basis from November to December. So why is that a good thing for the market? The market was pretty fired up about core CPI which again cuts out those food and energy prices which can be pretty volatile. I mean this is a colder than expected January for instance with the weather does that. It usually jacks up natural gas prices. But those are more short term monthly trends. The Federal Reserve likes looking at the core measures because it's gives a better picture of these broader trends and takes away some of those temporary issues. And so when you look at core inflation, it was a decent look. It's again, it's not necessarily going down, but it's not going up either. So it was kind of a mixed bag. But at this current time it didn't set off any fears that we're going to see any rate hikes in the upcoming year. And it did kind of resume hope that the Fed will just get back on its pace of maybe 2 to 3 rate cuts in 2025.
- [06:32]
Neal Freyman
Still, what is going on with eggs? Eggs prices shot up 36% last year compared to 2023. It seems like it's the one item in the grocery store that just won't go down. It's because of that avian flu. Supply of chickens is down laying eggs. So it's tough for people who eat a lot of eggs. I think I've cut back on my egg consumption because of how expensive it is. So that's just like one sticky item that can't seem to come down because of, you know, unique trends in that particular industry. But overall like you said, this was a promising report. It looks like, you know, traders are going back to expecting a rate cutter to this year bonds bond yields fell after that big run up that we had talked about. Stocks surged. So overall a good day in the economy. From CPI to bank earnings. The FDA will no longer allow you to paint the food red. Health agency announced yesterday that it's banning the use of the artificial dye red number three, a popular food additive used in everything from veggie bacon to candy corn to make that color pop. The problem. Two studies have linked it to cancer in male lab rats. And consumer advocates have mounted a years long push to get it removed from human diets they're quick to note that red dye number three has been banned in cosmetics for more than 30 years over the same cancer concerns. This rule will cause major food companies to reformulate their recipes. If that wasn't in the works already. Like I said, red number three can be found in many aisles around the grocery store, especially in the baking one. More than more than a quarter of baking decorations and dessert toppings have the dye. 16% of chewing gum and mints have it. 13% of candy, 11% of cookies and biscuits. And that data is from an analysis by the healthy food app Go Cocoa. The industry isn't making a huge stink about it because they're probably gearing up for more battles to come. Incoming Health and Human Services Secretary RFK Jr has pledged to wage a war on big food and singled out colored dyes as a main area he'd target for removal.
- [08:38]
Toby Howell
Consumer advocacy groups are doing a little bit of a victory laugh because this has been a long time coming for them. They have always been frustrated with this so called regulatory paradox that is red 3 because it's been illegal in the use in cosmetics. You can't put it in your lipstick, your red lipstick for instance. And yet it's perfectly legal to have in candy corn to having these foods that you serve to children in the form of, you know, these bright red foods that line the aisles. That is because that even though that it has been found to cause cancer in lab rats, there is a study that showed it caused increased tumor growth within lab rats. They didn't see that replicated in humans. So they said it is fine for humans to, to consume. But that has just never made sense to a lot of these advocacy groups that if there's any sort of chance that this is cancer causing, why should it be allowed in our food supply? So it's been a long time coming. People are celebrating.
- [09:31]
Neal Freyman
And you might think that having red food dye in your food is not necessary. Okay, substitute it with something else. And they do have substitutes. But nearly 10 years ago, a bunch of major food companies, including Kellogg, took dyes out of American products. But there was a huge backlash when people poured tricks into their bowl and found that it just didn't pop like it used to. It was more natural coloring. And then all of these companies backtracked on taking dyes out and put it back in. So maybe that's a little insight into our messed up brains where we really need to have very vibrant colors in our food. Or at least we've been tricked into thinking, we tricked into thinking that we need very vibrant colors in our food. It's hard to imagine that there was a huge backlash, but there was. And in Europe they've been dealing with, you know, very mellow colors in their cereal for a long time. In Europe, red dye 3 is banned. Only in certain types of cherries can you use it. Also Australia and New Zealand. So this is the US also catching up with the rest of the world.
- [10:36]
Toby Howell
We were talking about what do you replace Red Dye 3 with just off the top of our brains. And I said like maybe cherry juice, but it actually is going to be some natural forms like beet juice, because beets, if you've ever had that very red stains your fingers red. There's also carmine, which is a dye made from insects. And then there's also pigments you can get from foods like purple sweet potatoes, radishes and red cabbages. So obviously the food industrial complex has been getting ahead of this issue and have found some suitable replacements. The FTC is fed up with John Deere for making their high tech tractors so hard to fix and sued the agricultural equipment maker yesterday, accusing it of illegally forcing farmers to spend big bucks at authorized dealers in order to make critical repairs. It's a big win for the right to repair movement that has fought to remove some of these onerous proprietary restrictions companies keep in place to try and boost their bottom lines. John Deere has become a major battleground for the movement as tractors have become stuffed to the gills with complicated computers over the past few decades as the yellow and green machines grew more complex. Deere made it so it only its authorized dealers could access the software tools necessary to make repairs, which farmers view as really annoying and time consuming and the FTC views as anti competitive. Neil this is one of the last actions of a Lina Khan led FTC before Trump's new chair takes her spot and she's going to bat for farmers.
- [12:03]
Neal Freyman
Underscoring all of this is how John Deere has turned into essentially a tech company. It might surprise you. They have more software development engineers at Deere than they have mechanical design engineers. And when you become more of a tech company, there becomes more bugs associated with the software that is in these tractors, in these combines. And that has led to an incredible amount of frustration with farmers who say they need to go to these authorized dealers. And often, particularly in the agricultural sector, time is of the essence. Days can make your yearly income because you need to harvest right now. And if you're, if your tractor is broken, broken, and you need to fix it right away, it can be so frustrating when you have to call up a John Deere authorized dealer and say, hey, do you have this part? And they say, no, we don't yet. We'll get for you in a few days. But you also can't take it anywhere else and we won't teach you how to fix it yourself. So this is, you're right. This has been a huge battleground for the right to repair movement. This is also the biggest enforcement action that the US Government has ever taken against a company over right to repair. They've issued smaller fines here and there, they put pressure on companies in other ways, but this is the first time the FTC has taken off the gloves and saying, we're suing you, we're taking you to court. And now Lina Khan is leaving it to the next FTC chair to see whether he'll see it through.
- [13:21]
Toby Howell
And it's kind of tough because the FTC has five commissioners, two Republicans and three Democrats. Both of the Republican commissioners did actually vote against this enforcement action and the new head of the FTC coming in under the Trump administration voted against it as well. So it looks like potentially this could be under some threat under Trump's administration. That being said, though, it is a still a win for these farmers who have just been so frustrated because a lot of them grew up being able to fix their machines and use their skills to their advantage, but now they've been forced to, in some cases, hack their own tractors in order to repair them. There's been the media company 404 Media has talked to farmers who have pirated software from Ukraine and other countries in order to make it past this annoying firewall that John Deere puts in place in order to hack their own machines. So definitely been a pain point and definitely been something that I think a lot of the agricultural industry would love to see some movement on. Up next, I haven't said this in three weeks. It is time for Neil's numbers.
- [14:30]
Neal Freyman
It's 2025. And that means if your B2B marketing strategy doesn't include improving your ad targeting, your ads could get lost in the.
- [14:37]
Toby Howell
No, thankfully, LinkedIn ads can make sure your message reaches the right audience. It gives you direct access to a billion members, 130 million decision makers, and 10 million C level executives.
- [14:49]
Neal Freyman
Plus, with LinkedIn's targeting capabilities, you can precisely reach your target audience by job title, industry, company and more.
- [14:56]
Toby Howell
Yep, and all those capabilities drive big time results. In B2B tech alone, LinkedIn generated two to five times higher return on ad spend than other social media platforms.
- [15:06]
Neal Freyman
Start converting your B2B audience into high quality leads today. They'll even give you a $100 credit on your next campaign. Go to LinkedIn.com MBD to claim your credit. That's LinkedIn.com/MBD terms and conditions apply. CFO is kind of have it tough when it comes to getting legit visibility into company wide financial health. They're working with too small tech that can't really keep up with the big time.
- [15:31]
Toby Howell
That's why so many CFOs are turning to the right AI powered finance software to unlock the next stage of their business. In fact, I saw somewhere that 78% of finance leaders emphasize AI's importance in gaining a competitive edge.
- [15:44]
Neal Freyman
The go to player in this space is sage. They help CFOs automate manual processes and give them a real time view of their numbers so the finance pros can spend more time on doing the big stuff that matters.
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Toby Howell
Sage can slash build processing time by two to three times. That's huge. Plus, their AI powered tools empower CFOs by allowing them to review 3000s of transactions in minutes and combine all their entities in seconds. Yep, CFOs can finally see best practices across their whole organization.
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Neal Freyman
Sage is long trusted and well established. They've been in business for over 40 years and were ranked number one in customer satisfaction by G2 for mid market accounting software.
- [16:23]
Toby Howell
Oh geez for sure. To level up your biz, head to www.sage.com/morning brew. That's www.sage.com/Morning Brew.
- [16:37]
Neal Freyman
Welcome to Neil's Numbers, the segment where I share three stats from the week's news that will send your brain to its VO2 max. For my first number, the early numbers are in for New York's congestion pricing plan and so far, so pretty good. The added $9 toll seems to be accomplishing advocates goals of lowering vehicle traffic in Manhattan's core and decreasing driving times. About 7.5% fewer drivers entered Manhattan below 60th street, the congestion zone, each weekday last week, compared to January's of the last several years. Meanwhile, traffic times on inbound crossings like the Williamsburg Bridge and the Holland tunnel decreased by 30 to 40% on average. That 7.5% fewer drivers is not a huge drop off. It's less than the 13% the MTA predicted for the first full year of congestion pricing. But officials say it's an encouraging start and that's worth emphasizing. It's tempting to draw conclusions, but it's been just one week and traffic could be influenced by any number of confounding variables, including the cold weather we've been having here. Still, anecdotal evidence shows that New Yorkers have reported faster commutes and less a bumper to bumper in lower Manhattan.
- [17:49]
Toby Howell
Yeah, anecdotally speaking, you are seeing potentially fewer traffic jam. People are looking out their office windows and going hey, this street used to always be covered in cars. Now it's not as much less honking, more curbside parking available. But I don't want to pour water on things, but this definitely this data comes with a lot of asterisks. It's only one week of data so far, so it's too early to really make any definitive conclusions. Also, there's no great historical data to compare this because they weren't measuring congestion the way that they currently are. So there is no real perfect comparisons yet possible. Also, you mentioned it, the cold weather could be a confounding variable here. It's been really cold in New York this January so far, so maybe people are just staying home because it's so cold out there. So those are a few of the asterisks to pour some cold wet water and some cold weather on this data. But again, early signs are encouraging.
- [18:44]
Neal Freyman
Your stats professor would be very happy with you there, Toby. My next number is a rare piece of good news from the Los Angeles fires. The world renowned J. Paul Getty Museum has stood intact despite flames reaching six feet from its walls. On January 7, the first night of the wildfires, the Palisades blaze came within a toby's length of the Getty Villa's eastern walls, threatening the 40,000 antiquities and other priceless treasures contained in the museum. But it never got closer. Some might call it a miracle. Others more correctly would say it's a result of meticulous decades long planning to combat this exact thing from happening. When the villa opened in 1974 in the hills north of Los Angeles, it was constructed with fire resistant concrete and tile roofs. The expansive grounds are dotted with oak trees and acacia shrubs which are less likely to ignite than other vegetation because they absorb lots of water. Both of the museum's two campuses have a water tank on site and resources aren't a constraint. The Getty is the US's richest museum, boasting a $9.1 billion endowment. And they put that money to good use. This place is a fireproof fortress.
- [19:55]
Toby Howell
I just want to reiterate that the fire got within 6ft 1 inches of the Getty Museum. 6 foot. That 1 inch is important. Neil but yes, this museum was designed by the architect to avoid burning. All the way back in the 70s, they were already thinking about making it fire resistant. Another thing that contributes to it is that they have a. A lot of big plazas in between the actual outer grounds and the inner building. So it makes it trickier for the fire to spread across those kind of wide swaths of plaza as well. They also, the museum staff was very vigilant. They would go around each day with fire extinguishers in hand, look for embers on the ground, look for embers in the oak trees as well and just putting them out. So it's part of it was good planning, but then part of it is also just being very vigilant by the museum staff in the current day. Over the past few weeks, have you.
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Neal Freyman
Been to that museum?
- [20:49]
Toby Howell
I haven't. I couldn't believe that's a good trivia that it has the largest endowment, over $9 billion.
- [20:55]
Neal Freyman
It's a pretty spectacular place and the views are incredible and just the entire entire setting is amazing. So we're happy that it's standing for my final number. We've got our first box office flop of the year, folks. Better Man, a biopic about the British pop star Robbie Williams, brought in just $1 million at the US box office in its debut weekend, which is not enough to cover its enormous $110 million budget. If you're thinking Robbie who? Well, that is the problem. Robbie Williams is a household name in Europe, having rose to fame in the boy band Take that in the 90s before having a spectacularly successful solo career. But he's unheard of in the U.S. of the 75 million albums he sold globally over his career, only 700,000 of those were in the United States. So it was always going to be a tough sell. And I haven't even gotten to the strangest part of the film. In the movie, Williams is represented by a CGI mon, hence the high production costs. It's meant to be a metaphor for Williams claiming that he is less evolved than other people. Toby the reviews of this movie were actually positive. 88% of rotten tomatoes, and it's directed by the guy who did Greatest Showman. But the gamble that Americans would care about a singer they've never heard of being played by a digitally rendered monkey did not pay off.
- [22:14]
Toby Howell
This is the tough part. Britain thinks the world revolves around it, and Americans refuse to pay attention to anything outside of America. So it was an unstoppable force, meaning an immovable object here. But, Neil, I knew you're going to do this. I knew you're going to call him a monkey. He is not portrayed as a monkey. He's actually portrayed as a chimpanzee. And chimpanzees are not monkeys, they are apes. If you want a little cheat sheet to how do you distinguish between a monkey and an ape? Apes don't have tails while monkeys generally do. So that was one thing that I knew you're going to call him a monkey because everyone's called him a monkey.
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Neal Freyman
But he's actually could have told me before the show and we didn't have to do this.
- [22:52]
Toby Howell
I wanted to do the gotcha moment.
- [22:53]
Neal Freyman
Anyway, people, you should stream some Robbie Williams. Later today, Toby and I were jamming out to Angels, the only song that we know, Angels.
- [23:01]
Toby Howell
It's pretty good though.
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Neal Freyman
All right, let's sprint to the finish with some final headlines. Turns out putting your products inside of cases that only an employee can open will cost you business. That's the aha moment Walgreens CEO Tim Wentworth had earlier this week when during the company's earnings report, he acknowledged, quote, when you lock things up, you don't sell as many of them. We've kind of proven that pretty conclusively. Wentworth said that anti theft measures like locking up goods and increased security has not been effective. And the retail pharmacy is looking for new creative ways to prevent what's known as shrink, calling it a hand to hand battle.
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Toby Howell
I mean this is one of those things that you read the headlines and every single shopper goes, no duh. It of course is this onerous procedure to try to get someone to come over, unlock you just want some deodorant. Everyone has experienced it. It has not been a good shopping experience. So to hear the CEO come out and say, oh wait, it actually didn't work. That was an eye rolling moment for a lot. That being said, though, they did Walgreens reported a 52% increase in shrink, which is the industry term for lost inventory, over that 2020, 2021 period. So you can't fault them for trying something. This was just not the correct thing to try. We've gotten artificial intelligence, Apple intelligence, and now the dating app. Hinge has introduced a new AI tool called Relationship Intelligence. What used to come from your older sister now comes via a new feature within the app designed to evaluate the quality, depth and originality of a user's messages. In other words, it's trying to save you from being too basic. So no more looking for the gym to my Pam or the dog mom to my dog dad under the eyes, Watchful eye. The goal is to improve the quality of messages users send each other and in the process improve the dating landscape that has increasingly left users feeling burnt out and uninspired.
- [24:51]
Neal Freyman
There has been a lot of hysteria around adding AI to dating products and hinges. Owner Match Group said it was going to invest 20 or 30 million dollars in these features. There's a lot of backlash, saying, oh, we're just going to have AI, dating AI. But improving prompts like this, I think is actually a good use case for AI, and I think people will use it to become less basic and stand out more because there are so many times you scroll by and you say, oh, what do you, you know, what's your. What's your plan for Sunday F1 in brunch? What do I want to do this year? Travel more. What's a fun fact? Oh, otters hold hands so they don't drift apart.
- [25:30]
Toby Howell
That was pretty cute, though. I like the otters holding, but once.
- [25:32]
Neal Freyman
You see it 5,000 times, you get a little immune to it. So I am pretty bullish on AI helping people develop more unique prompts. In this case, Apple's still got its marketing fastball ahead of the highly anticipated season two premiere of its office drama Severance. The main cast members, including Adam Scott, acted out their roles inside of a glass cube at New York City's Grand Central Station during Tuesday afternoon's rush hour, startling and amusing commuters. This spread widely online and people generally loved it. And the stunt certainly feels like a breath of fresh air after those brand collaboration overloads of Barbie and Wicked. Maybe the best part was seeing Ben Stiller, who directs a show there, taking videos of the team on his phone like a proud dad.
- [26:17]
Toby Howell
It was a very viral stunt, and I think it was because there was this grand metaphor within the metaphor itself, which is Grand Central is this beautiful place. The terminal is something that has all this grandeur to it. And yet here in the middle of it was this drudgery that's going on that just working at their computers. And then also the people going through it are not necessarily taking in the grandeur. They are also experiencing the drudgery of a commute. So it was working on a lot of different layers. A lot of marketing people were writing these think pieces about it because it was so beautiful. And then there's also the deeper level of Lumen, which is the company that they work out in. The show puts their employees under constant surveillance, and here they are in a literal glass box being surveilled so surveillance capitalism had some themes as well. So a lot of different, you know, metaphorical themes, but also just very cool to see famous people in the middle of Grand Central. Coors Light is changing its name, rebanding as Monday's Light for a limited time in preparation for. For the worst Monday of the entire year, the day after the Super Bowl. The marketing stunt involves replacing the word Coors on its packaging with Mondays. With the new packaging rolling out across the country beginning this month for a limited time, Coors is hoping the hack will inspire renewed interest in the brand that has a bit of a case of the Mondays itself. After a temporary surge in sales following Bud Light's brand debacle, Coors has returned back to earth as Americans cut back on alcohol spending. Neil, we just talked about one marketing stunt. What do we think about this marketing stunt?
- [27:50]
Neal Freyman
Well, first of all, Case of the Mondays is pretty clever. You know, that didn't actually come to me until a few hours ago and I was like, oh, that's what they're doing. A case of beer. Case of the Mondays. I think that is clever. I might have a pretty unpopular take here. And that is what is so bad about the Monday after the Super Bowl. Like, how hard are you going at your super bowl party that you need to take the day off the next day? It's earlier. The game is earlier than every other Sunday night football game. How hard are you partying that you need to take the day off? You people are soft. I don't understand why there's been this huge movement around the day after the Super Bowl. Maybe for the host of the party, you have to clean up late into the night, but for the rest of us, I don't know. I think. I don't know.
- [28:39]
Toby Howell
I don't hate that take. I think it's probably because it is a hot. We both just have jobs where you have to work very early in the morning, wake up very early in the morning. If you're going in at 9, maybe you will go a little harder there. But I actually don't hate that take at all. Neil, we agree on something here. I thought you were going to say, though, I don't get all the hype around hating Mondays. You're so excited to get back to work every day that you love Mondays. You do.
- [29:03]
Neal Freyman
I do. I do love work and I don't want to take a holiday around from anyone. I think we should all work less. But I'm saying this particular movement around the day after the super bowl, maybe our efforts could be directed elsewhere to getting some shorter Fridays because I just feel like that's more valuable than the day after the super bowl because I don't know, I'm not drinking a lot. Let's wrap it up there. Thanks for starting your morning with us and have a wonderful Thursday. For any questions, comments or feedback, send an email to Morning Brew daily at Morning Broadcom. And if you find the show entertaining or useful, please share it with your friends, family or coworkers. It'll go a long way to reaching our goal of catching up to Alex Cooper. As always, Toby is here with a sharing wreck.
- [29:46]
Toby Howell
I want you to share today's episode with someone who hasn't seen Severance Season one. Neil has been hounding me to finish it before the next season drops on Friday, so here I am now hounding you to do the same.
- [29:58]
Neal Freyman
Let's roll the credits. Emily Milian is our executive producer. Raymond Lu is our producer. Olivia Graham is our associate producer. Genua Ogu is our technical director. Billy Menino is on audio, hair and makeup. Has four dates lined up already thanks to AI. Devin Emery is our chief Content officer and our show is a production of Morning Brew.
- [30:16]
Toby Howell
Great show day, Neil. Let's run it back tomorrow.