Airbnb Gets Into Luxury Lifestyle & ESPN's New Streaming App
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Who are the hosts of this episode?
Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, watching sports will never be the same after ESPN unveiled ESPN, the streaming service.
Then Airbnb is going through a midlife crisis, unveiling a new offering that goes beyond short-term rentals. It's Wednesday, May 14th. Let's ride. Let's ride.
Bilbo Baggins went there and back again in the Hobbit, and the S&P 500 just did the same. After being down more than 17% for the year at one point, the index has climbed all the way back to close yesterday in positive territory for 2025. Toby, along with the 2004 Red Sox in the ALCS and Jennifer Coolidge in the White Lotus, this has to be one of the greatest comebacks of all time.
Well, first of all, Jennifer Coolidge never lost her fastball. But how about this stat from Bloomberg's Lisa Abramowitz? The S&P 500 is now positive on the year after being down more than 15%. That is just the ninth time since World War II that the index has climbed out of a 10% plus hole before the year end, which I should remind you all that hole was created on April 8th. It's only May 14th right now, so it was quick. And if you want to get even crazier, it's just the fifth time we've erased a decline of over 15% by year's end. Again, it's May, which either means it's going to be a very long and crazy year, or the market's going to be up 1 million percent by December. Not financial advice. I don't know which one of those outcomes is going to come to fruition.
And now a word from our sponsor, Iterable. Neil, you know when you're watching what you thought was a live sporting event and someone next to you casually drops a spoiler from a minute ahead because they're checking social media?
Nothing like celebrating a big Tatum three-pointer just to hear, wait for it, from the guy next to you.
Oh, too soon. But that's what a lot of traditional marketing feels like. Brands are stuck on a delay, still operating on campaign calendars, while customers are living in the moment.
Iterable gets rid of that lag. It's real-time, AI-powered, and customer-led. No more shouting into the void and hoping someone hears it.
It meets every customer where they are and on their timeline, not yours. Email, SMS, push, you name it. Perfectly timed to be perfectly relevant.
So instead of playing catch-up, you're right there in the moment every moment, even if that moment led to an injured Achilles. Knicks in five.
What does the latest inflation report reveal about the economy?
Want to sync up with your customers? Head to endthecampaign.com.
There is nothing more beautiful in this world than a cooler than expected inflation report. Okay, maybe Michelangelo's David or Glacier National Park at sunset, but still a good inflation print is in the conversation and we got one yesterday. with the headline inflation rate for April falling to 2.3% on an annual basis, the lowest since the spring of 2021 before prices started spiking. The Consumer Price Index reading showed that tariffs announced on April 2nd had a minimal impact on how much Americans paid for things, which is a sign that businesses decided not to pass on those extra costs, or more ominously, they haven't infiltrated the supply chain quite yet. But let's stick to the good news for now and hit the numbers.
In April, headline inflation ticked up 0.2% from the previous month, the same amount as core inflation, which is considered a more accurate indicator because it strips out the volatile energy and food categories. Both headline and core inflation came in below estimates of 0.3%. What led to this cooling off? Well, you probably experienced less sticker shock at the grocery store because supermarket prices fell 0.4% for the month, the most since 2020, and perhaps even did a little jig at the egg display because prices tumbled 12.7%, the biggest drop in over 40 years. Services also contributed to the decline with prices in the category increasing 2.7% year-over-year, the slowest pace since 2021,
Toby, taken together with the U.S. and China tariff reduction over the weekend, the inflation report is an encouraging sign that America is maybe stepping back from the economic brink.
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Chapters
7 chapters
1
Who are the hosts of this episode?
0:01–2:25
2
What does the latest inflation report reveal about the economy?
2:25–12:38
3
How is Airbnb expanding beyond short-term rentals?
12:38–14:31
4
What are the challenges and opportunities for Airbnb's new services?
14:31–21:30
5
What is ESPN's new streaming service and how much does it cost?
21:30–23:31
6
How might ESPN's streaming service affect traditional cable subscriptions?
23:31
7
What are the implications of tariff changes on inflation and prices?
2:25–26:43
Speakers
2 identifiedMore from Morning Brew Daily
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