Neil
๐ค SpeakerAppearances Over Time
Podcast Appearances
You saw a bunch of meme stock traders rally to Powell's defense.
If you look at Wall Street bets, usually they're talking about random spots.
Yesterday, they hailed Powell as a folk hero.
The top voted comment yesterday was he's an American hero.
We don't deserve him.
That had thousands of upvotes and there were fan edits of Powell.
kind of treating him like an NBA or NFL star.
So it's pretty interesting to see people rally to his side, even those who disagree with some of his policies.
And a number of these Republican lawmakers said, look, I don't like what Powell has done in terms of, there were certain decisions that he made at the beginning of COVID that led to perhaps inflation going up to 9%.
He said, we disagree with his policies, but we also disagree with the DOJ's handling of this criminal investigation.
This is not the first time that these two frenemies have linked up and done business together.
You might think they are rivals, which they are, but they've also had these partnerships dating back a few decades.
We know that Google pays Apple $20 billion a year to have Chrome be the default search engine in Apple's Safari browser.
That we know is probably the biggest partnership that they had.
But if you go back to the 2007 iPhone announcement,
who was on stage with Steve Jobs.
It was Google's then-CEO Eric Schmidt, and he was touting the fact that there was a native Google Maps and YouTube integration into that original iPhone.
So Google and Apple have a history of working together.
And I just want to emphasize that according to reporting from Bloomberg, this is going to be a temporary solution for Apple.
They don't want to rely on Google's tech for the foreseeable future or in the long term.