Loading summary
Transcript54 lines
- [00:02]
Jacob Goldstein
You could create the best advertisement known to man, but if you're not getting it in front of the right audiences or tapping into meaningful scale, it'll sort of be a tree falls in a forest situation. Enter Disney Campaign Manager. It has simplified streaming TV ad buying, allowing you to set up, launch and optimize campaigns all from a single easy to use platform. Your ads can then appear alongside iconic content on Disney, ESPN and Hulu streaming platforms. So. So in translation, massive reach, all with one partner. Learn more and get started at Disney CampaignManager.com that's Disney CampaignManager.com.
- [00:40]
Robert Smith
Good morning, Brew Daily Show. I'm Neal Freyman.
- [00:44]
Jacob Goldstein
And I'm Toby Howell.
- [00:44]
Robert Smith
Today, can a lettuce change bring Panera back to relevance?
- [00:48]
Jacob Goldstein
Ben, the company behind the addictingly annoying Baby Shark song just went public. It's Wednesday, November 19th. Let's ride.
- [01:02]
Robert Smith
Yes, the nights are feeling extra long right now, but imagine if the sun didn't come up at all. Because that's the reality for people living in Utkiavik, Alaska, in the northernmost town in the US formerly known as Barrow. The sun set at 1.36pm yesterday and it won't come up again until January 22. For the next 65 days, UK's 5,000 residents will experience Polar night. It's something they're used to living 330 miles north of the Arctic Circle. But it probably isn't easy because. Because not only is it dark all the time, but a quarter of all days in don't see temperatures rise above zero degrees. Toby, two months of total darkness going outside is miserable. What is your game plan?
- [01:45]
Jacob Goldstein
Can you imagine? It would certainly change the intro to this show. Neil. Good night, Brew Daily show everyone. What am I doing? Crying first and foremost. Probably some Legos. Or just looking at the bright side, because I know the opposite effect happens in the summertime when the seasons change. Nighttime never sets in, even during night hours. So it's based in sunlight 24 hours a day. Which leads me to the craziest fact I learned via this story. All locations on Earth get the same duration of sunlight every single year. So Kiavik sees the same number of hours of sunlight as Miami, Florida does. That blew my mind right there.
- [02:22]
Robert Smith
Just a little more extreme. You get all or nothing. All right, now a word from our sponsor, U.S. bank. Well, it finally happened, Toby. My laptop is starting to slow down and freeze up and it's time for an upgrade. But instead of breaking the bank and paying for a new computer out of pocket, the US Bank Split Card lets me pay later.
- [02:39]
Jacob Goldstein
Introducing the US Bank Split World MasterCard, a new type of card that lets you pay later on every purchase. With a split card, all purchases are automatically divided into three payments in place into a payment plan to be paid back over three months.
- [02:51]
Robert Smith
And if you're looking for additional flexibility, any purchase over $100 can be extended to 6 or 12 months with with equal monthly payments for a low monthly fee. So whether you're replacing a laptop or revamping your work from home rig, you can pay later on every purchase with the U.S. bank split card.
- [03:07]
Jacob Goldstein
Learn more at us bank.com/split card that's usbank.com/split card in the matchup of a metta versus the federal government Toss a W in Zuck's corner A federal judge ruled yesterday that met his acquisitions of Instagram and WhatsApp did not represent violations of US antitrust law. It ends a high profile seven week trial that featured testimonies from Mark Zuckerberg and former CEO Sheryl Sandberg. The ftc, which originally sued during the first Trump administration back in 2020, argued that Facebook, as it was known as the time, bought Instagram and WhatsApp to neutralize emerging rivals, labeling the buys as strategic moves to eliminate competition, not improve product offerings. But the judge in this case, James Boasberg, said that the FTC had one issue it couldn't clearly define what the heck the social networking market even is in 2025. The market definition problem stems from what Boseberg described as a rapidly changing media landscape with surging and receding apps and new features being added faster than you can say, hey, what happened to Vine? Because of the fluidity of the market, the FTC couldn't draw a consistent line around what counts as a social network, a key part of an anti monopoly trial. Even if Metta once had monopoly power, Boasberg admitted the FTC would have to prove it still holds that power, something the agency failed to demonstrate. Neil after whiffing against Metta and failing to break up Alphabet's search monopoly in any meaningful way, suits against Amazon and Apple remain pending. I had two hits over my entire middle school baseball career and I still think I'm faring better than the FTC has against big tech.
- [04:45]
Robert Smith
It's not a great average right now. The FTC wanted to bucket Met Meta in what's known as the personal social networking space. They wanted to show that right now when you go on Facebook or Instagram or WhatsApp, you are just communicating with your friends and family and they're saying the only Competition in that space right now is Snapchat and Metta is completely owning Snapchat. They're granted you could potentially grant that. But then Metta argued successfully that it is no longer a personal social networking service. When you go on to Instagram these days, what are you looking at? Are you looking at your friends pictures or are you scrolling through reels about people that you don't even know? And you're essentially using it like television. So that is what the judge decided, said he said that Metta is not a personal social networking app. In fact, it is a social media company along the likes of TikTok or YouTube or any other competitors that Metta said we're actually taking market share from and said there's a very robust competitive landscape here. We are not only going against Snapchat, we are going against literally everybody on the Internet. And the judge agreed with that.
- [05:45]
Jacob Goldstein
And it just shows the perils of bringing an anti monopoly trial against big tech in this day and age because it shows how startups often arise and start to nip at the heels of these big behemoths and they start to grow fast enough that they do end up looking like competition. So it leaves these grand monopoly trials looking very old by the time they actually reach, you know, a verdict. The same thing happened earlier when the Justice Department's battle with Google. The judge agreed that it had was doing stuff to protect its search dominance. But by the time the it came to rule on whether it had to divest any part of its business, AI tools already had arisen and started chipping away at that dominance. So it's a pattern we are now seeing play out over time that if you are maybe an antitrust lawyer for big Tech, if you just draw it out long enough, someone will come up and start to say, hey, I'm going to be your competition here.
- [06:36]
Robert Smith
Yeah. So let's see how the government is doing so far. You said it wasn't a great average, but actually they are two in one right now. They brought five major antitrust lawsuits against big tech, the FTC and the doj. They've got two against Alphabet. And in that case, the judge did rule that Google was a monopoly in terms of online search and advertising markets. In the online search case, there was a punishment handed down, but it wasn't really a big deal at all. It was a slap on the wrist. We're still waiting a punishment for the ad tech monopoly ruling. Suits are ongoing against Amazon and Apple and the one that just, and they just took the link versus Metta they could appeal this, but because they've invested so many resources and money into pursuing this prosecution. But it looks like they're not going to because the winds are shifting and you know, most analysts are like they're just going to take the all on this one.
- [07:29]
Jacob Goldstein
This has been kind of a cloud over Meta's stock for much of the year because this ruling was pending. We didn't know which way it was going to fall necessarily. And Metta has been the worst performing of the Magnificent Seven by far this year. Its stock rose a little bit on the news that the trial went in their favor, but nothing crazy because there are bigger issues going on in matter right now, namely that they're spending a bazillion dollars, not a not an exact term there, but pretty dang close on building out their infrastructure and they don't have necessarily the income to support it like maybe a Google does. So didn't see a massive stock reaction, but it was a sigh of relief from this. You know, the clouds are dispersing in this one area of business that, you know, it's been making investors nervous.
- [08:14]
Robert Smith
Americans are not redoing their kitchens and that's bad news for Home Depot. The home improvement retailer cut its profit forecast for the year and reported stagnant sales last quarter, saying that economic uncertainty and a frozen housing market had people putting off big ticket upgrades to their homes. Shares slid 6% on the day after Home Depot's third consecutive profit. Ms. When you're talking bellwethers for the economy, it's number one, Toby's Hairstyle and number two, Home Depot. Home Depot. The company has long been used as a crystal ball into the state of the American consumer and the housing market. Since its business is so connected with the projects, people embark on bigger and small to make their living spaces a little nicer. And what Home Depot's results show is that the housing market is still as frozen over as the pond I'm going to skate on later this winter. Prices are still sky high and mortgage rates have hovered between 6 and 7% in the last several years, discouraging any homeowner with a lower rate to move. That's a problem for Home Depot because its lifeblood is home turnover. When you move into a new place or spruce up the one you're leaving for a sale, that's when you rip out the walls and spend a lot of money at their stores. So as CEO Ted Decker said yesterday, some relief on mortgage rates in particular could help, and you can almost hear the desperation in his voice and then.
- [09:26]
Jacob Goldstein
Another bizarre, you know, incentive for Home Depot to do well is the amount of storms that happen in a given year. A quieter storm season actually hurts demands for things like roofing, things like generator, other repair related products. So kind of just an interesting set of incentives that spur buying at Home Depot. Obviously you need the housing market to be up and running, but also if it is a particularly bad storm season, that also improves their bottom line. So interesting that you have to jump on an earnings call and go, hey, it was super mild.
- [09:56]
Robert Smith
Yeah.
- [09:56]
Jacob Goldstein
In terms of the weather and that impacted our business.
- [09:58]
Robert Smith
Yeah. So what is Home Depot doing to kind of rejuvenate its sales at a time when people are really not doing huge remodeling projects? Well, it's trying to get into the B2B business. The big professional business wants to sell to professional contractors. So earlier this year or last year, it bought SRS Distribution for $18 billion. It was the largest acquisition in its history. This is a company that supplies to professionals in the landscaping business, does pools and roofing. It also bought another company that does something similar, gms, earlier this year. So kind of wants to proof itself against, you know, the folks like us who are looking at the housing market saying, well, I cannot afford anything. So even going Home Depot would be, you know, something I could never even think about because I can't even afford a house into the first place. So that's trying to get into the B2B business.
- [10:46]
Jacob Goldstein
The one bright spot that it was kind of trying to spin into a positive is the fact that homeowners themselves actually do remain financially healthy, thanks to the fact that home prices have increased so much, 50% rise in home values since 2019. So the actual people who have homes have money to spend, but they're spending that things, spending it on things like cosmetic makeovers like a new coat of paint or some new landscaping. They need people to rip up carpet and rip down walls in order to drive meaningful spending increases.
- [11:16]
Robert Smith
In business, as in life, the little things can make a difference, like what kind of lettuce you serve in your salads. That's at least what Panera believes as it kicks off a multimillion dollar revamp to become relevant again in the fast, casual space it pioneered. To hear CEO Paul Carbone talk about what went wrong for Panera, it does, in fact, all start with the lettuce. Last year, before he was hired as chief executive, Panera to swap their 100% romaine lettuce salads to half romaine, half iceberg, which is cheaper. Carbone thinks a fifth grader made that decision. No one likes iceberg, he told the Wall Street Journal, adding, no one gets that salad with 50% iceberg lettuce and goes, oh my God, look at that white salad. It's so appetizing. So now Panera salads are back to 100% romaine. The lettuce debacle sounds quaint, but it's a symptom of the cost cutting ethos that's dragged down the chain in recent years. Or as Carbone calls it, death by a thousand paper cuts. Because it's not just the salad getting pinched for pennies, it's the staffing at stores which has been reduced as well as the portion sizes which has resulted in customers feeling like they aren't getting value. At Panera, foot traffic has dried up as a result, and sales fell 5% last year to just over $6 billion. To mount a turnaround, Carbone launched a program called Panera Rise, which attempts to reverse cost cutting measures with investments in food quality, value, staff, and building more restaurants that reflect those themes. Toby, can you pull it off?
- [12:39]
Jacob Goldstein
Maybe. I would like to say I like iceberg lettuce, especially if it's got a little crunch to it. But the general point being that it was indicative of just larger systemic issues at Panera where they were just skimping on the small things that you don't think customers notice, but over time you realize, huh, no one really loves us anymore. And I do feel for Panera because they have a brutal competitive set. Because not only are you competing with, you know, fast casual places like Chipotle and Cava and even Raising Cane's, which have a ton of these brand loyalty and have these very large portion sizes. You're also trying to compete with the Starbucks of the world because you are a coffee place, you go there for beverages as well. So they're trying to roll out beverages too, to compete with the big boys in that space as well. So not only do they feel pressure from just the bowl slot places of the world, but they also are feeling pressure from the coffee chains of the world.
- [13:34]
Robert Smith
They should be careful about what beverages they rolled out because time Panera has been in the news for the last year. It hasn't been because they're doing good at business. It's because of these charge sips, which were these lemonade drinks that were so highly caffeinated that it actually faced two wrongful death lawsuits from people. And so it removed those from the market. And the new CEO came in and, you know, he's been basically dissing all of his predecessors. There's been three CEOs since 2020. There's been a lot of turnover in the C suite. And he said, we didn't do any testing for these beverages, which would probably would have shown up that they could, you know, be a problem for certain people because of their high caffeine content. But we just weren't doing testing in general. We weren't doing things that the customer actually enjoyed. Another thing besides the lettuce that he pointed to in terms of Panera just skimping on everything, they don't slice their cherry tomatoes in half when it comes to their salads. And at the same time, when they put an avocado in, they just dump in a half of an avocado instead of slicing it up nicely. So just these small things that you might not really think about hopefully prove a difference for Panera if they start investing in making their salads a little more robust. And for, you know, what customers want now is value. And when they went into Panera, they were not getting it.
- [14:45]
Jacob Goldstein
The final aspect, too, is that you would walk into a Panera and you'd be greeted by these kiosks and very few workers, which did not make it feel like a very welcoming place. So the question is, how do you find the sweet spot between kiosk and human workers? It's what every chain is trying to figure out right now. McDonald's has invested very heavily in kiosks, but I'm wondering if we've almost hit peak kiosk in the industry because they realize whatever efficiency gains we are getting, we were losing the fact that our environments just feel sterile. They do not feel like an oasis that you want to step into. So maybe you'll be greeted more with faces rather than these big blank screens that people were not necessarily driving with. All right, we're going to take a quick break and come back with Baby Shark. Doo doo doo doo, doo, doo. The crypto landscape changes daily. Keep up with some of the best launches and new tech all in one place on your commute.
- [15:34]
Robert Smith
Join Ripple for a series of crypto and blockchain conversations with some of the best in the business.
- [15:39]
Jacob Goldstein
Learn how traditional banking benefits from the blockchain, or how your digital assets can be kept safe and secure thanks to their all in one custody platform.
- [15:47]
Robert Smith
Or how you can convert fiat to stablecoin faster than you can get home.
- [15:51]
Jacob Goldstein
Or how you can send a transaction halfway across the world before you make it to work.
- [15:56]
Robert Smith
Or how you're probably already using crypto technology without even realizing it.
- [16:00]
Jacob Goldstein
Level up your commute and join Ripple and host David Schwartz for a special series of blockchain conversations on Block Stars. The podcast payments custody stablecoin it's happening with ripple.
- [16:12]
Robert Smith
Not everyone's up at 4am but with Disney Campaign Manager, you can find the folks who are.
- [16:18]
Jacob Goldstein
I feel seen. I'm literally brewing coffee while most people are still dreaming.
- [16:22]
Robert Smith
With Disney Campaign Manager, you can reach unique audiences like us, or maybe just Toby in this instance, no matter where or when they start their day, for.
- [16:30]
Jacob Goldstein
Example, Disney Campaign Manager delivers advanced, multilayered audience reach of fans and markets by geography, device, demographics, behavior and fandom across iconic streaming environments.
- [16:41]
Robert Smith
Maybe your audience starts their morning with Good Morning America or ends their evening with espn. Wherever they are, Disney Campaign Manager can sync your advertising with news, sports and entertainment all in one place. Reach your people and reach them at all hours of the day.
- [16:55]
Jacob Goldstein
Learn more @Disney Campaign Manager.com that's Disney CampaignManager.com the company behind the most viewed YouTube video of all time just went public, and it's worth less than you'd think. Pinkfong, the South Korean company that brought you the infamous Baby Shark video, popped as much as 62% in its first trading day yesterday. But despite its star piece of content Racking up over 16 billion views and counting on YouTube, its market cap is hovering just around $400 million. How is it possible that nearly every parent in the world can sing Baby Shark doo doo doo doo to do? And yet the company only generated $67 million in revenue last year. It stems from YouTube's monetization rules. YouTube has much stricter restrictions on children's content, including barring more personalized ads, disabling comments, and turning off subscriber notifications. If those restrictions weren't in place, the Baby Shark behemoth could likely generate double or triple the direct revenue for Pingfong. According to a Boston University estimate, Neil Pingfong wants to use the proceeds from its IPO to develop new characters to prove it's not a one Shark wonder. And I do want to apologize to everyone in advance for getting the song stuck in their heads.
- [18:11]
Robert Smith
We need to talk about how big this YouTube video is. So over 16 billion views. It's way past second place, which is Despacito. It passed it it in 2020. The video of Baby Shark has the equivalent amount of views to Taylor Swift's 10 most popular YouTube videos combined. Traffic comes from all over the world. It's available in 25 different languages. The most viewed place Is the United States with the most. The country with the most likes is Brazil. So everyone around the world knows this song. It's a South Korean company. It's most viewed in the United States, most liked in Brazil. It's an absolute behemoth. And we'll see whether this IPO is, can make this company from a one shark wonder in you use that term, it was perfect into an actually legitimate content company that can churn out 1, 2, 3, 4 baby sharks.
- [19:02]
Jacob Goldstein
Yeah, that's the question. How does it grow from here? That is what analysts are saying the key will be how to effective, how effectively the company can both create new IP and then monetize existing ip. Because if you are an investor, you're looking at it, you're like, okay, most of your distribution channel is YouTube. And YouTube is cracking down on how much money you can make off of children's content, how you can distribute that content. That's not necessarily something that you want to see when investing in a business. And at the IPO price, pingfong stock is valued about 25 times 2025 earnings. That's compared with an average multiple of 40 for its peers. So it is a little undervalued compared to the rest of the market, I do think, because one, you're nervous that you can't just recreate a baby shark every once in a while and two, because of these YouTube monetization rules.
- [19:49]
Robert Smith
Well, Baby Shark is not the only character that they have in their portfolio, so they got to start creating new ones or leaning into other ones. I mean, have you heard of Babiffin or C Look? And they also have a Fox character. So they're hoping that this cast of characters and they're going to use the proceeds of the IPO's IPO to create new ones, will lead to more, more catchy jingles that can hopefully make them money. Not necessarily on YouTube, but they have to go into other revenue streams as well.
- [20:15]
Jacob Goldstein
I mean, speaking of a baby fan, which I actually was watching before this.
- [20:19]
Robert Smith
First of all, what animal is it?
- [20:21]
Jacob Goldstein
No, it's more just like a series of characters. I don't know. I was just watching one scene about a family who the boy was scared to get in the pool. I don't know, it was. I could see why kids like it is very, you know, bright and loud. But that franchise is actually out earning Baby Shark already. So they are trying to say, like, hey, we are not just baby shark here. We have Baby Finn as well. And we have more coming down the line. So just a fascinating company. I didn't even know that there was a conglomerate behind Baby Shark. I thought it was just, you know, one of those things that hit YouTube gold and just kept spreading from there. But no, they are monetizing this thing. All right, let's sprint to the finish with some final headlines. Google's got a new model and all the AI companies are jealous yesterday, Google launched Gemini 3, claiming it to be the most intelligent and factually accurate model to date, which sounds like something your buddy dating a new girl would say. The model is natively multimodal, meaning you can interact with it in a variety of ways, not just through text. Google also took a not so subtle jab at Open AI's recent GPT5 launch, saying Gemini 3 trades cliche and flattery for genuine insight while offering reduce sycophancy. So far, benchmarking backs up Google's lofty claims. Gemini 3 Pro now sits at the top of LM Arena's leaderboard. According to the Verge, Neil Alphabet stock once again finished the day slightly in the green, showing some enthusiasm for this latest launch.
- [21:45]
Robert Smith
It does seem to be cutting into ChatGPT's market share. So Chat CBT has 800 million weekly active users. Google said on Tuesday that its Gemini app now has 650 million monthly users. So it's not exactly apples to apples. And Google is still quite a bit behind Chat cbt, but it's catching up and it released this model that is certainly an impressive and it just made me think that in five years we are going to look at searching Google and looking at a list of blue hyperlinks and clicking in as something as ancient right? Like that will be. That will be seen as very quaint. And Google has really done a good job in taking the hits front to its search business and turning into something positive with AI mode and a really impressive Gemini model.
- [22:32]
Jacob Goldstein
Meanwhile, we got some other AI news yesterday and a love triangle is brewing. Longtime Open Air supporters Nvidia and Microsoft are making large parallel investments in its main competitor, Anthropic. Anthropic, meanwhile, pledged to buy $30 billion of Microsoft's Cloud services. Industry watchers were quick to point out that this is yet another one of those circular I scratch your back, you promise to scratch mine deals that the AI industry loves announcing. But where some see a bubble, the companies involved frame it as diversification. Weeks after Open air struck a $38 billion cloud deal with Amazon, Microsoft is saying, oh yeah, well, we don't need you either, because Anthropic will buy our cloud products instead. And while OpenAI has also been a heck of a customer for Nvidia, the chip maker is looking to spread its chips a little wider, deepening ties with Anthropic. Neil I frame this as a love triangle, but it's probably closer to a love dodecahedron with the amount of names wheeling and dealing with each other.
- [23:29]
Robert Smith
I think the word you're looking for is polycule, because that is what is happening in AI. And the funniest thing to me about this particular deal is that Dario Amadei, who's the CEO of Anthropic, and Jensen Huang, who's the CEO of Nvidia, don't like each other at all. Huang earlier this year said, I pretty much disagree with almost everything he says, and he's talking about Amade. But when the AI revolution is happening and you stand to make a lot of money and you don't have enough money to spend and you need to do these Polycar deals, then, you know, you let bygones be bygones. Everyone learned which of their coworkers use chatbots to write emails when the chat bot, along with a bunch of other popular sites like X, Spotify and Morning Brew, went offline yesterday morning due to an outage at Cloudflare. The blackout lasted about four hours and was caused by a file that got too big and triggered a crash in Cloudflare system that manages Internet traffic, according to the company. A spokesperson said, we apologize to our customers and the Internet in general for letting you down today. It is not a good look when you have to say sorry to the entire Internet, but that's what you have to do if you're Cloudflare, which provides security services to about 20% of all websites around the world. And it's yet another reminder that the Internet is held together with masking tape by a small handful of web infrastructure companies, as we've seen with massive US Azure and CrowdStrike outages in recent years.
- [24:50]
Jacob Goldstein
Yeah, we're almost getting pretty good at doing this story because insert company is actually more important to think and underpines more of the Internet than you think. That happened with Cloudflare. This time they sit between websites and end users. They are shielding those websites from traffic surges or DDoS attacks. And it's just another one of those choke points in the modern Internet which during normal times increases efficiency, is very good, but during the bad times you realize like, oh God, there are only a few companies that are really keeping things running here. It does make you go crazy too, because in the morning I was, like, trying to load some sites. I was trying to listen to Spotify. I was trying to read our own website, Morning Brew, and I was like, either something is going horribly right with my computer or the Internet is breaking. Once more, the ironic part two is Down Detector. The site you go to to check if websites are down uses Cloudflare. So it was down itself, which was a nice twist of irony.
- [25:44]
Robert Smith
The rapper Eminem is going after an Australian beach brand for copyright infringement, which begins to make sense when you learn that the company is called Swim Shady. In an attempt to revoke Swim Shady's US Trademark, Eminem argues that the brand's name may confuse consumers into thinking he's involved because of his own trademarked alter ego, Slim Shady. Swim Shady, which makes towels, shorts, umbrellas, and bags, responded. Swim Shady is a grassroots Australian company that was born protect people from the harsh Australian sun. We will defend our valuable intellectual property.
- [26:15]
Jacob Goldstein
Okay, I was kind of on Swim Shady side here, but hearing you introduce the story, it is getting very confusing. Yeah, you make it. You. You stumble over the words. I do feel for Eminem, though, because when I'm in my blonde hair era, a lot of people call it my Slim Shady era. So I feel like I have to stand with my brother Slim here. Eminem is also currently finding the host of the Reasonably Shady podcast, so. So anything mentioning Shady or anything mentioning Slim or Swim in this case, Eminem is coming after you. For other rappers have also kind of entered the trademark fray from time to time, specifically with Australian businesses. In 2022, Kanye west launched illegal action against a burger shop called College Dropout Burgers. That case eventually was tossed because Kanye never showed up. And then in 2019, Jay Z had a lawsuit against an Australian business called Little Homie because they had a picture book titled AB to Jay Z. And an advertisement for that book said, if you're having Alphabet problems, I feel bad for you, son. I got 99 problems, but my ABCs ain't 1. That 1 feels like there's a little more of a case there.
- [27:20]
Robert Smith
All right, that is all the time we have. Thanks for starting your morning with us, and have a wonderful Wednesday. Our live holiday show is coming up in just a few weeks, December 4th in New York, and there are only a few dozen tickets left, so scoop them up now before they sell out by heading to the show description or our Instagram for the link to tickets. Super excited to see you all there. For any feedback on this particular episode, just send a note to Morning Brew daily at Morning Broadcom or DM us on Instagram. You can find us there at mb. Daily show 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. Eugenia Ogu is our technical director. Hair and makeup. Does doesn't even know the name of his band. Devin Emery is our president, and our show is a production of Morning Brew.
- [28:04]
Jacob Goldstein
Great show today, Neil. Let's run it back tomorrow.
- [28:07]
Robert Smith
You should tell the people who we.
- [28:08]
Jacob Goldstein
Are and what our new show is. I'm Robert Smith. This is Jacob Goldstein. And we used to host a show called Planet Money. And now we're back making this new podcast about the best ideas and people and businesses in history and some of the worst people, horrible ideas and destructive companies in the history of business. We struggled to come up with a name, decided to call it Business History. You know why? Why? Because it's a show about the history of business.
- [28:33]
Robert Smith
Available everywhere you get your podcasts.