Neal Freiman

Good morning and welcome back to the week. Apparently the 1% are not feeling 100%. A new report from CNBC stated that rentals in the Hamptons this summer are down nearly a third from the same period in the last few years. The picture is even bleaker at the ultra high end of the market where the Hamptons rental business is down between 50% and 75%.

Good morning and welcome back to the week. Apparently the 1% are not feeling 100%. A new report from CNBC stated that rentals in the Hamptons this summer are down nearly a third from the same period in the last few years. The picture is even bleaker at the ultra high end of the market where the Hamptons rental business is down between 50% and 75%.

The lower demand has prompted some listings to lower their prices by 10 to 20% to save their summer. Toby, either this is a sign of economic uncertainty or everyone is finally realizing the Jersey Shore is just better.

The lower demand has prompted some listings to lower their prices by 10 to 20% to save their summer. Toby, either this is a sign of economic uncertainty or everyone is finally realizing the Jersey Shore is just better.

The lower demand has prompted some listings to lower their prices by 10 to 20% to save their summer. Toby, either this is a sign of economic uncertainty or everyone is finally realizing the Jersey Shore is just better.

Every single time. By the time I board, there's no overhead bin space and it feels like I always get the row right next to the bathroom.

Every single time. By the time I board, there's no overhead bin space and it feels like I always get the row right next to the bathroom.

Every single time. By the time I board, there's no overhead bin space and it feels like I always get the row right next to the bathroom.

LinkedIn has over 1 billion professionals and 130 million decision makers. It's why B2B marketers in some industries get up to five times higher return on ad spend compared to other platforms.

LinkedIn has over 1 billion professionals and 130 million decision makers. It's why B2B marketers in some industries get up to five times higher return on ad spend compared to other platforms.

LinkedIn has over 1 billion professionals and 130 million decision makers. It's why B2B marketers in some industries get up to five times higher return on ad spend compared to other platforms.

Instead, start targeting like a pro. And to get started, LinkedIn will give you a $100 credit on your next campaign. Just go to linkedin.com slash MBD. That's linkedin.com slash MBD. Terms and conditions apply.

Instead, start targeting like a pro. And to get started, LinkedIn will give you a $100 credit on your next campaign. Just go to linkedin.com slash MBD. That's linkedin.com slash MBD. Terms and conditions apply.

Instead, start targeting like a pro. And to get started, LinkedIn will give you a $100 credit on your next campaign. Just go to linkedin.com slash MBD. That's linkedin.com slash MBD. Terms and conditions apply.

But if you are looking for warning signs of an AI job apocalypse, especially for those entry-level roles, you can find them. Just look at the jobless rate right now for people just coming out of college, ages 22 to 27 with a bachelor's degree. The unemployment rate was close to 6% in April, very unusually high compared to just over 4% for the overall workforce.

But if you are looking for warning signs of an AI job apocalypse, especially for those entry-level roles, you can find them. Just look at the jobless rate right now for people just coming out of college, ages 22 to 27 with a bachelor's degree. The unemployment rate was close to 6% in April, very unusually high compared to just over 4% for the overall workforce.

But if you are looking for warning signs of an AI job apocalypse, especially for those entry-level roles, you can find them. Just look at the jobless rate right now for people just coming out of college, ages 22 to 27 with a bachelor's degree. The unemployment rate was close to 6% in April, very unusually high compared to just over 4% for the overall workforce.

We've seen some interesting layoff announcements recently related to AI. Microsoft laid off 6,000 workers, about 30% of the company. Many of those engineers. CrowdStrike, that big cybersecurity company, slashed 5% of its workforce, citing a market and technology inflection point with AI. reshaping every industry.

We've seen some interesting layoff announcements recently related to AI. Microsoft laid off 6,000 workers, about 30% of the company. Many of those engineers. CrowdStrike, that big cybersecurity company, slashed 5% of its workforce, citing a market and technology inflection point with AI. reshaping every industry.

We've seen some interesting layoff announcements recently related to AI. Microsoft laid off 6,000 workers, about 30% of the company. Many of those engineers. CrowdStrike, that big cybersecurity company, slashed 5% of its workforce, citing a market and technology inflection point with AI. reshaping every industry.