
Billionaires look to escape wealth tax & a first-look inside Ferrari's all-electric sports car
Loading summary
A
Recently I got an ad for the best lawn fertilizer. But here's the thing. I live in an apartment in New York City. I don't have a lawn, let alone need fertilizer. That's why your ad needs the right audience. And LinkedIn ads can help. LinkedIn has 130 million decision makers and you can reach the right ones for your business target by job title industry company. The list goes on. Spend $250 on your first campaign on LinkedIn ads and get a $250 credit for for the next one. Just go to LinkedIn.com mbd that's LinkedIn.com mbd Terms and conditions apply.
B
Good morning Brew Daily Show. I'm Neal Freyman.
C
And I'm Toby Howell.
B
Today Miami is seeing an influx of billionaires from California.
C
Then let's take a look inside the Ferrari Luce its first all electric vehicle. It's Wednesday, February 11th. Let's ride.
B
Yesterday brought us the first mega viral moment of the Winter Olympics when a Norwegian athlete used his post race interview to win back his girlfriend after nabbing the bronze in the men's 20 kilometer biathlon. All anything Sterla Holm Langride wanted to talk about was his depressing personal life. He said again, this is in a public interview after winning an Olympic medal that he had cheated on his girlfriend three months ago, fessed up to her last week and she had left him. He said he quote, had a gold medal in life but had squandered it, wishing he could share this moment with her. But he is not giving up. He said, I hope that committing social suicide like this might show her how much I love her. Toby, a biathlete and a yearner dude.
C
Is making a last minute push to have a Valentine's Day date and I don't blame him. But I also want to bring attention to some other athletes. Johannes Klobbo is a cross country skier who also went viral yesterday for winning the men's sprint event. Not only did he win at one point, he gapped the field by reaching six sub six minute mile pace up a mountain on skis. A Wall Street Journal article said that this is Michael Phelps level Olympian that we're talking about. He has a very real possibility of winning six gold medals at a Winter Olympics that has never been done before. Clabbo, remember the name. Finally, a quick shout out to our US women's hockey team. They thumped Canada yesterday 5 nothing and have now outscored opponents 20 to 1 so far. Men's hockey gets underway tomorrow against Latvia.
B
And now A word from our SP sponsor, Flav City. Toby, it's a new year. What are you doing to adopt healthier habits?
C
Well, I've been fasting for the last five days.
B
How's that going for you?
C
Pretty bad, Neil. And hey, has anyone told you your head is starting to look a little cheeseburger?
B
Can't say anyone has. How about instead of depriving yourself to the point of hallucination, you try Flav Cities all in one Protein smoothies. They come in all sorts of flavors like pepperminty, shamrock, banana bread, brownie batter and more.
C
Okay, sure. Next you're going to tell me they have real ingredients. 25 grams of protein, 10 grams of collagen and don't taste like ch.
B
All of that is true.
C
Well then I guess head to go.shop flavcity.commbds to try any of their delicious flavors that is go.shop flavcity.com/mbd. I'm so hungry.
B
Billionaires are trading breakfast burritos for fish tacos California's wealthiest residents are scrambling to scoop up houses in Miami over concerns of a billionaire's tax getting approved on the November ballot. That tax, which is still being debated by California lawmakers, would impose a one time 5% tax on Californians with a net worth of over $1 billion, including unrealized gains. Crucially, it would apply retroactively to January 1, 2026, sparking an all out rush for South Florida real estate in the past few months. And a bunch of California moguls are already picking out wallpaper for their new Miami digs. On Monday, the Wall Street Journal reported that one Mark Zuckerberg is purchasing a house in Indian Creek, an insanely exclusive man made island known as billionaires bunker. Once he moves in by April, he'll be neighbors with Jared Kushner, Ivanka Trump, Jeff Bezos, Carl Icahn, and Tom Brady. We don't know what Zuck paid for it, but local real estate agents said the property would probably sell for 150 to 200 million dollars. Toby, it's pretty funny. Miami brokers were preparing for an influx of billionaires from New York City after Mamdani was elected mayor. They got their billionaires all right, but from California instead.
C
And it's creating kind of a weird dichotomy in the Miami real estate market right now because Miami's median home price has actually fallen beneath its pandemic peak. Remember, everyone seemed like they were moving down south during the pandemic, but now if you look at just kind of the Middle part of the market, it has settled down a little bit. Metro Miami home prices are still up 60% from 2020 to 2025, but again, that has cooled off a little bit. At the top end of the market though, things are frothy as heck. 19 homes sold over $30 million last year. That is up from zero in 2019 and nine in 2021. So there is a shortage of the ultra luxury, the top of the line mansions in Miami. Right.
B
And you hear brokers say these guys are actually settling for properties around 10 million to $25 million range, which is just maybe a starter home for them just to establish residency in Florida. And then once they, you know, once the dust settles, that's when they'll go for the bigger mega mansions, once those are built, because those are a, those are in shortage right now. So who is actually moving besides Zuck? Well, two of the Google co founders are some of the big names that have established residency in Florida over concerns of this tax. Larry Page, who is the co founder of Alphabet, bought a $101 million mansion as well as a $72 million waterfront estate in Coconut Grove. His Google co founder, Sergey Brin, also is buying a $50 million waterfront home in Miami Beach. Peter Thiel, David Sacks, and at one point Elon Musk are all other names that I've moved out of California. And you're probably thinking, wow, why is this a story? Well, California's tax revenues reliant on the 1%. There are a lot of billionaire, there are more billionaires in California than anywhere else. They get a third of their tax revenues from their 1% of residents. Which is why you see, there's this pretty heated debate going on among Democratic circles in California about whether we actually want this tax to pass. Because Gavin Newsom, the governor, said actually no, I don't want this. And he's fighting against it.
C
And then the other thing that has people railing against this one time tax is that it could start to hit founders of AI firms because they are on paper very rich because they've raised these gigantic rounds. But they're also very illiquid. None of that money is actually in their bank accounts. It's all tied up in the valuation of their company. So if that starts, if you start pushing those founders outside of California, then you're losing, you know, your innovation hubs as well. Is that actually going to happen? Unlikely. Because so much talent is still concentrated in the Bay Area. You're not going to set up a AI company in Florida right now because employees aren't there. You know, the brains aren't there. So that part of the market is not going to suddenly come flooding into Miami. Further, you know, beach culture, the very tippy, tippy, tippy, top of all humanity on earth can move there. Because you know, they're probably not even running companies anymore. Or they're whatever companies are running are big behemoths at this point. So companies aren't going to follow, but maybe the leaders of them might.
B
So a lot of attention on whether this bill actually comes to the ballot and needs 875,000 signatures to appear on the ballot in Novemb. We will see what happens, but either way it looks like these billionaires are saying, I don't actually want to even test the waters in California anymore. I'm heading to Miami. Moving on While the US And Canada faced off in women's hockey at the Milan Olympics, officials on both sides of the border were trying to diffuse tensions after President Trump threatened to block a $4.6 billion Canadian built bridge that will connect Michigan and Ontario. On Monday night, Trump unleashed a truth social rant where he vowed to block the Gordie Howe Bridge from opening unless Canada turns over at least half of the ownership of the bridge and bows to other unspecified demands. Trump listed a bunch of other grievances he has with Canada, including that the province of Ontario removed American booze from government owned liquor stores. He also criticized Canada's growing trade ties with China, writing, the first thing China will do is terminate all ice hockey being played in Canada and permanently eliminate the Stanley cup, which maybe won't be a problem for Canada given that their teams haven't won a Cup since 1993. Anyhow, back to the bridge. The Gordie Howe, named after the Canadian hockey legend who played for the Detroit Red Wings, will connect Detroit with Windsor, Ontario at North America's busiest commercial land crossing, where it's expected to alleviate congestion on the existing span. The Ambassador Bridge Construction began in 2018, fully funded by the Canadian government, and it's anticipated to open sometime this year. In response to Trump's threat, Michigan's Democratic and business leaders basically said, nope, this bridge is going to open one way or another. It is too important to the economy. Sandy Barua, president of the Detroit Regional Chamber, called the bridge the most consequential infrastructure project in the state and region of this generation.
C
There is one very interested party in addition to Trump that wants to block this bridge and it is the owner of the Ambassador Bridge that you mentioned. Matthew Maroon is a Detroit based trucking billionaire. His family has operated the Ambassador Bridge between Detroit and Windsor for decades now. And apparently Maroon met with Howard Lucknick, the Secretary of Commerce, just hours before Trump kind of went on this rant against the Gordie how bridge? Because again, the Gordie Howe Bridge is alleviating traffic, but it's also taking some of that toll revenue, it's taking some of that economic activity that used to only flow through the Ambassador Bridge. So obviously this private owner of the bridge has a vested interest in making sure this other bridge doesn't come to fruition. So that's just the other wrinkle of this, is that maybe there's something other than just tension with Canada. Maybe there is an interested billionaire who wants to stop.
B
There is certainly has been a lobbying effort for decades to not get another span built. And yet the timeline is Maroon goes to the White House, meets with Commerce, Commerce Secretary Howard Lutnick. A few hours later, Donald Trump posts this true social rant. So maybe it didn't come out of nowhere. Mark Carney was the Prime Minister of Canada who has feuded with Trump many times over his tenure, said he called up Trump. He said, I explained that Canada paid for the construction of the bridge, that the ownership is shared between the state of Michigan and the government of Canada, and that in the construction of the bridge, obviously there's Canadian steel and Canadian workers, but also U.S. steel, U.S. workers that were involved. It's a great example of cooperation, separation between our countries. This is going to be resolved. So Mark Carney got on the phone with Trump and said, look like this is going to happen. We're going to make sure this happens. It's too economically important. $300 million worth of trade goes over this span, the Ambassador Bridge, every single day. You have, especially in the auto manufacturing sector, a car that is built in Canada is going back and forth from Detroit to get parts multiple times before it is finished. So there's just too much economically, there's just too, too much economic interest in this bridge for it not to get.
C
And remember back in his first term, because this bridge has been in the works for a long time, he was in favor of the Gordie how bridge Trump was. Yeah, he said that it's a vital economic link between our two countries. So he was singing a much different tune a few years ago. And I do think you're right. Just it is so important, like there is so much at stake here that at the very finish line, this is not going to somehow get shut down because there's just too much riding on the line. The message from Canada is like, this is just self defeating. Don't we want trade? Don't we want economic activity between our two countries? This bridge helps make that a reality.
B
It's also unclear what Trump can do to actually stop it. He could declare an emergency, which he's done before, or he could perhaps decline to staff the custom checkpoint on the Michigan side, but those are sort of pie in the sky ideas. But we'll keep an eye on what happens with the Gordie Howe Bridge.
C
The rumble of a Ferrari engine is soon to be replaced by the whir of an electric motor, a transition the Italian automaker has painstakingly prepared for. This week we got a sneak peek at Ferrari's first electric vehicle, named Luci, which is Italian for light. Only the interior has been revealed for now, but it's an interior that is plenty newsworthy given Ferrari partnered with the famous Apple designer Jony I've and his firm Love from Johnny I've brought a distinctly Apple feel to things. The car's binnacle, the term that I just learned that houses a vehicle's instrument cluster, is apparently a highlight. Each dial contained in the Lucha's binnacle contains eight layers of computing components housed within a custom glass that eliminates 99% of glare. I've said it would be arrogant to ignore Ferrari's history, and he is scoring points in that regard. The steering wheel, according to Road and Tracks editor Emmett White, is the closest thing to a genuine vintage steering wheel you can find in a new car. In general, everything feels satisfyingly clicky or twisty, wired reviewers wrote, praising the abundance of physical controls available to drivers now zooming out. This is an important transition for Ferrari to nail. Electric cars are unfamiliar territory for them, and the Lucha represents a break from its growling gas tradition. We still don't know what the exterior of this car looks like, but dang, the inside looks pretty cool.
B
Yeah, it is pretty cool, and it's a bit of a pivot for Ferrari in terms of who they work with for design. For more than 60 years they had worked with this design firm called Penin Farina. That contract ended in 2013. They moved all of their design in house then, but now in 2026 they're coming out with this, their first new electric vehicle. They said we want to make a splash. Who do they look for? Well, the guy who invented the iPhone and a bunch of other invented per se. But design, yes, yes, the guy who designed the iPhone. Hey, maybe he should design our car as well, so this is a big thing for Ferrari to not design something in house. For the first time in more than.
C
A decade, a lot of people are saying that this is what an Apple card could. An Apple car could have looked like. Because, remember, there is this very secret project within Apple for years that maybe they were going to unveil a car themselves. They ended up shuttering that project. But you can see the design influence or the design direction that perhaps would have gone on because you have the same, you know, brushed aluminum inside, you have the same curvature that the iPhones under. Jony I've started to adopt. So that was kind of like the. The wish of people is like, man, this is what could have been if Apple continued down this road. But also at the same time, Jony, I've said that designing a car is really, really hard. He said he was unfamiliar with the safety and regulatory requirements. He told Engadget, I've never worked in an arena that's so regulated. Some of it's great because you understand why and people's safety is certainly important, but some of it drives you nuts. So maybe he'll go back to designing things that you don't have to crash test going forward.
B
And you hope this brings about a new era of analog dials and buttons and knobs. Because we know that cars have been moving in the direction of digital interfaces and massive screens and infotainment systems. And while that's all cool, there has been a big consumer pushback against that. And some say that it leads to more distracted driving. And Jony, I've is pushing back against this. He said one of the founding assumptions I've never understood was why, if the power source was electric, does it follow that the interface must be digital? So this thing, if you look in the. In the. In, the car itself looks like an airport cockpit or an airplane cockpit with the amount of switches that it has. So hopefully this, you know, it is a Ferrari and that you can't compare it to a Toyota or a Honda or Ford, but hopefully it brings out a new era where car manufacturers are turning back the dial to go with dials.
C
By the way, Ferrari reported earnings yesterday. It's doing great. They say both revenue and earnings are expected to rise this year, and their order book extends through the end of 20.
B
Can't say I contributed to that.
C
I know there's something to be said about the billionaires moving to Miami and Ferrari doing all right. We've talked about the K, shape, economy. The top is doing just fine. All right, we're going to take a quick break and come back with a story about the super bowl right after this.
D
The French Dip from Firehouse Subs is here for a limited time. Piled high with premium roast beef, caramelized onions and melty cheese on a freshly toasted garlic butter roll, every French dip is served with warm, savory au jus for dipping. This melty French dip is only at Firehouse Subs for a limited time, so head to your nearest Firehouse Subs or order on the app and try the French Dip before it's gone. Limited time at participating Firehouse Subs restaurants While supplies last.
C
I'm being more intentional with my everyday movement.
B
Oh yeah, did that indoor putting green you ordered arrive yet?
C
Not yet. But besides that, when I trained for the marathon last year, I realized it's less about metrics and more about what works for my body. And that's where Whoop's wearable tech can help.
B
Whoop isn't about chasing numbers. It's about building awareness, spotting patterns, and knowing when to push and when to pull back so you can show up with more energy, presence and and intention.
C
Turn insight into everyday action. Try it out at join.loop.com/brew daily. That's join.woop.com/brew daily.
B
I don't have to tell you guys how daunting dating can be, but I can tell you how easy it was for me to join the league to find someone worth my time. It's a selective, high quality community of motivated daters who are actually serious about dating. Every day I get a curated batch of profiles and honestly, the ladies are smart, accomplished and genuinely interesting game. Instead of endless searching and scrolling, it feels intentional, refreshing and surprisingly efficient. So if you're looking for someone on your level, join me on the league, download the app and apply today.
C
The super bowl is but a distant memory at this point. While your psycho friends are probably getting their fantasy football draft boards together already, we're about to enter a long stretch without football. But before we let the gridiron go, here's one last retrospective of the big game. Despite the game stinking, it was the most watched event in US TV history, peaking at 137.8 million viewers tuning in to wonder how Drake may finish second in MVP voting. If you count the average viewers though, Super Bowl 60 actually fell 2% compared to last year's game, but was still the second highest ever. As for Bad Bunny's performance, that also drew less viewers than last year, 128 million, down from Kendrick Lamar's record setting 133 million last year, though Bad Bunny did on Telemundo. Neal, a lot of people still care about football.
B
They do. But the game matters. And I think that's what these ratings show. There wasn't a touchdown score for the first three quarters of the game. And for years and years, the past five years, super bowl viewership has broken records year after year. This time there was a 2% dip and that probably was because Patriots fans have been here before and they weren't necessarily turning in in droves. What an arrogant thing to say before, but it's true. And I think this game was so that people, a lot of people tuned in, but it definitely warded off a lot of people for not tuning in. That's two game stinkers in a row. It was a surprise that Bad Bunny actually was the fourth most watched halftime show after Usher, Michael Jackson and Kendrick Lamar. Maybe we just forgot how big the Kendrick Drake Beef was last year because that is a monster number. 133.5 million people. We should also mention that there was a change in methodology for Nielsen that is perhaps inflating numbers here. So we said this was maybe the second most watched super bowl ever, but it most likely wasn't because six months ago Nielsen said we haven't been really tracking every, every single time somebody watches a game, like things at bars and restaurants. So they increase their tally for out of what is known as out of home viewing, which perhaps is inflating its numbers in recent months. So yeah, it's a, it's a good number. It's 128 million people. NBC is obviously very happy. It's almost at a record, but it is a slight dip and shows that the quality of the game, the competitiveness of the game actually matters.
C
Speaking of records, I do just want to call this out. According to Sherwood News, Google searches for roman numerals hit a new peak this super bowl, which was weird because last year's super bowl was lax and the previous was a very gross looking Super Bowl LV II. Why did Super Bowl LX Super Bowl 60 prompt monthly search volume for Roman numerals in the US to be the highest ever over the past two decades? I don't know because I feel like the other two are much more difficult to comprehend than Alex, but people just clearly aren't brushing up on the roman numerals. One other note about Bad Bunny's halftime performance, the fit he wore came courtesy of Zara, which also hooked up his cast of dancers and musicians. But Zara also gifted some employees at its parent company with the limited edition shirts and those employees have decided to make a quick buck. According to Bloomberg, T shirts accompanied by a thank you note from the artist have appeared on resale platforms with some sellers asking as much as $35,673. So Zara isn't even selling these T shirts, but its employees are in making a bank $35,000.
B
We'll see if that actually sells for that. But it's all about Zara going up market. It's been partnering with designers cultural figures. Remember this is a fast fashion company from Spain, but they are trying to increase their prices and establish themselves as a more premium brand. And I guess outfitting Bad Bunny at the super bowl is part of they're opening large format stores in cities like New York, Los Angeles, Miami, and sort of using those as tentpole openings to sort of announce their arrival on the premium stage. And Bad Bunny was certainly part of that.
C
And then the other main storyline from Sunday was prediction markets who were taking a bite out of Vegas's golden apple. As Coliseum Polymarket dive deeper into sports gambling, the total amount of money bet legally in Las Vegas fell to $133 million. That is a 10 year low. Meanwhile, volume on cow she reached a billion during the Super Bowl. Things get even weirder when you drill down into what people were actually betting on. $113 million was wagered on what the first song performed by Bad Bunny would it be $24 million. On whether actor Mark Wahlberg would attend the game, which was more than what was traded on 31 other celebrities combined. In total, Kashi trading volume during the game is up 2700% year over year. This felt like the year where prediction markets became mainstream.
B
They did. And the controvers not died away. It's only escalated there is this one was about Cardi B and whether she, whether she actually quote unquote performed at the Super Bowl. Both Kalshee and Polymarker are facing a lot of backlash from their users and people who bet on this particular wager about whether she actually performed or not because she was kind of next to Carol G mouthing the words and dancing during Bad Bunny's performance. But whether she performed is a matter of syntax.
C
She didn't sing. Yeah, she didn't sing or do anything of that regard. Which is why the concert anyway, it.
B
Sounds so silly when I say it, but over $4 million was wagered on this particular thing. There are literally millions of dollars at stake and these, these platforms are facing A lot of backlash over insider trading accusations. What if a guy who was a tree at Bad Bunny's performance and was, you know, in rehearsals could wager on the first. The first song. He. He or she obviously knew what it was and stood to. So these. These issues are not going away, even as more people bet money on Kalshi and Polymarket at the expense of perhaps established sportsbooks like DraftKings and FanDuel.
C
And the mark Wahlberg bet that arose because it started as a rumor within a sorority that apparently some girl knew Mark Wahlberg's daughter and said that Mark Wahlberg would be going to the game. That spread across a lot of sororities and fraternities. $24 million was wagered as, guess what? He didn't go to the game. Like. And actually, as of last night, when I checked, the market still hasn't resolved because, again, there's some controversy around if he was there or not. But crazy how a single rumor that kind of spread through social media can lead to this amount of money being.
B
Wagered on prediction and perhaps being lost, right? And final note, the wedding that took place during Bad Bunny's halftime performance. It's a pretty cool story. This couple in California, they overprinted wedding invitations. They had 15 extra ones, so they sent them to local businesses to try to get some free stuff. But they also were just like, why don't we set it to Bad Bunny, see what he says? They get a call from bad Bunnies, people saying, do you want to come on a zoom call? And on that zoom call, they said, we want you to get married at the halftime performance. So just the fact that they overprinted their invitations. Shoot your shot. It's a. It's a very, very cool story.
C
Story.
B
Okay, let's sprint to the finish with some final headlines. Another day, another industry getting pummeled in the stock market over fears artificial intelligence could upend their business models. Yesterday, shares of wealth managers tumbled after the tech startup Altruist released an AI tool that promises to do complicated tax planning in mere minutes. Investors sprinted for the exits from finance companies like Raymond James, which posted its worst day since March 2020 with a nearly 9% drop. Charles Schwab down 7.4% and LPL Financial down 8.3%. We saw something similar play out last week. Software stocks after Anthropic released legal tools in cloud cowork. Investors are hyper anxious about automating away entire industries and are selling first and asking questions later. Toby AI has become Wall Street's grim reaper.
C
Yeah, but maybe all of these reactions are overblown because software stocks that were the original ones that were wiped out by AI fears have been recovering of a late DataDog was up 13% yesterday, Oracle was up 2%, ServiceNow up 3%. Meanwhile, a lot of the biggest winners of the AI boom have been falling of late Micron, Sandex, Seagate, Western Digital, those are all falling. So maybe people overreacted to these things. We are seeing it play out. We're seeing the market kind of come to terms with Is this a real threat or is it not across various industries? I guess only time will tell. Moving on, the Vatican is diversifying into equities beyond the body of Christ and the bread of heaven. The Vatican bank launched two new indexes chosen on the basis of Catholic principles. And wouldn't you know it, Catholic principles include a lot of tech companies. The top holdings in their new US Index are Metta and Amazon, while the top weightings in the Eurozone index are ASML and Deutsche Telekom. In general, thematic investing is seeing an upturn. The global ETF market increased nearly 30% in 2024 and could hit $30 trillion by 2029, according to PwC. Though ESG funds saw $84 billion in outflows last year, the first time those types of funds saw money leave, per Morningstar Data. Neil the Vatican invented banking and now it's sniffing around ETFs.
B
I have to say I was surprised to find that for an index of companies deemed to be consistent with Catholic ethical criteria, including prioritizing human bonds and social justice, that Meadow was in there, the owner of Facebook, so that was surprising. But I guess this is just another example of how of the Vatican's financial prow. One of their favorite stats of the past year is that the Vatican Vatican City has the most Bloomberg terminals per capita of any country in the world. Finally filed this headline. Under the Hell yeah category, a major new study found cognitive benefits from drinking caffeinated coffee and tea. In a paper published Monday, researchers found that drinking two to three cups of coffee per day or one to two cups of tea, is associated with a lower chance of developing dementia. Following nearly 132,000 participants for up to 43 years, the study revealed that people who drank moderate amounts of coffee per day had about 20% less dementia risk than people who consumed basically no caffeine at all, and tea was linked to a 15% lower dementia risk. You know what's coming next? Correlation does not mean causation, and the study doesn't prove that caffeine causes these cognitive benefits. But given how robust and long term this research is, not to mention it controlled for many confounding variables. Independent experts say, yeah, there probably is.
C
A link and then one thing to call out here more isn't necessarily better in this study. So so 2 to 3 is the sweet spot there. Beyond that, the benefits kind of plateau a little bit. So don't go thinking that suddenly you can just start drinking five cups of coffee a day, ten cups of coffee a day, and your brain will be healthier because of it. That just felt important to mention because too much of a good thing doesn't always mean it's a good thing for you.
B
Okay, that is all the time we have. Thanks so much for starting your morning with us and have a wonderful Wednesday. But before we go, an announcement. Our monthly Trivia Night is coming back a week from today on February 18th. Round up your smartest friends and join us for six rounds of Brain Busting Triv plus a whole lot of fun. It's in Midtown Manhattan and you can find the sign up link in the podcast description.
C
I encourage you to bring your friends or come solo. It's only a few days after Valentine's Day, so perhaps people will be in the mood for love or really, really sad. It doesn't really matter though, because all you need them is for their brain. Sign up at the link in the show description.
B
If you want to get in touch with us, send an email to Morning Brew Daily at Morning Broadcom or DM us on Instagram at me Daily show show let's roll the credits. Emily Millarn is our executive producer. Raymond Lu is our producer. Our associate producers are Olivia Graham and Olivia Lake. Hair Makeup is grabbing us coffee. Devin Emery is our president and our show is a production of Morning Brew.
C
Great show, Danielle. Let's run it back tomorrow.
E
Well, the holidays have come and gone once again, but if you've forgotten to get that special someone in your life a gift, well, Mint Mobile is extending their holiday offer half off unlimited wireless. So here's the idea. You get it now. You call it an early present for next year.
B
What do you have to lose?
E
Give it a try@mintmobile.com Switch limited time.
F
50% off regular price for new customers. Upfront payment required $45 for three months, $90 for six month or $180 for 12 month plan taxes and fees. Extra speeds may slow after 50 gigabytes per month when network is busy. See terms.
Episode Title: Billionaires Flee Cali Taxes for Miami & Ferrari Reveals EV Interior
Date: February 11, 2026
Hosts: Neal Freyman & Toby Howell
This episode dives into the migration of California billionaires to Miami amid tax fears, the much-anticipated reveal of Ferrari’s first electric vehicle interior, political drama over the new US–Canada border bridge, the Super Bowl's record-smashing (and slightly controversial) viewership, and fast-moving disruptions caused by AI and fintech in wealth management. Throughout, Neal and Toby offer insightful analysis with their trademark wit and journalistic flair.
[03:14 - 07:22]
[07:22 - 11:56]
[11:56 - 15:33]
[17:34 - 23:57]
[24:35 - 28:16]
On Billionaires' Tax Escape
On Ferrari's Pivot to Physical
On Super Bowl Betting
Health and Wealth
This episode weaves together high-impact business news, cultural moments, and sharp commentary—with plenty of humor along the way—to keep listeners both informed and entertained.