Transcript
A (0:01)
Many employees can't afford a hefty medical bill that pops up out of the blue. But it happens. And employees who are financially stressed are understandably more likely to be distracted at work, costing their employers greatly in lost productivity. Luckily, Aflac plans help with out of pocket expenses not covered by health insurance and can be offered at no direct cost to businesses. Learn more@aflac.com Morning Brew Daily that's aflac.com Morning Brew Daily
B (0:29)
Good Morning Brew Daily Show I'm Neal Freyman.
A (0:32)
And I'm Toby Howell.
B (0:33)
Today do phone bans in schools work?
A (0:36)
Then Everyone is mad that Jeff Bezos bankrolled the Met Gala this year. It's Tuesday Cinco de Mayo. Let's ride.
B (0:48)
Good morning and happy Cinco de Mayo. If you're the kind of person who absolutely relishes cringy moments and you should, check out Ryan Cohen's interview on CNBC yesterday. The GameStop CEO went on Squawk Box to talk about his proposed $56 billion takeover of eBay, and the whole thing was more awkward than a Nathan for you episode. Cohen seemed very out of it. He declined to answer a simple question on how GameStop would pay for ebay, a much larger company. And there were long stretches of silence where the CMB hosts were so exasperated by Cohen's non answers that they had no idea what to ask next. Toby by the end of this, I don't think there was a lot of confidence that Cohen could pull this off.
A (1:25)
Yeah, I cannot think of a more awkward interview since I tried to get into Harvard and had to interview with a Harvard grad. It did not go over very well. This was so bad. My dad called me up. He's like, what was going on with that guy on cnbc? As for the actual tie up of Gamestop and ebay, one person who is not a fan is Michael Burry, who told subscribers to his substack that who had sold all his Gamestop stock because his bull case of using acquisitions to turn GameStop into a version of Warren Buffett's Berkshire Hathaway wasn't compatible with the indebtedness required to take over ebay. Per the Wall Street Journal, Michael Burry, you may have gotten the big short right, but thinking games that was going to become Berkshire Hathaway, then bailing at the first sign of it trying to become Berkshire Hathaway. Bit of a head scratcher right there.
B (2:11)
Ryan Cohen did not give off Warren Buffett vibes in that particular interview. And remember, there's a huge gap here because Gamestop is worth on $11 billion eBay. They're trying to take over eBay for $56 billion. And Ryan Cohen couldn't explain how they were going to bridge that gap. And now a word from our sponsor, AT&T Business. It's Small Business Week and we're talking about what's really important to businesses, like
