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Morning Brew Daily

Apple Bets $500B on the US & Rich People Are Powering the Economy?

25 Feb 2025

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Episode 526: Toby and Ann discuss Apple’s latest announcement to invest $500B into US-based manufacturing and hiring 20,000 new jobs to bolster its AI efforts. Then, a study shows rich Americans are helping to power the US economy by continuing their spending habits while the rest are cutting back. Also, a major trial begins between Greenpeace and the company behind the Dakota Access Pipeline that could shift the landscape of the fossil fuel industry. Meanwhile, HBO’s ‘The White Lotus’ has had an impact on travel destinations such as Hawaii and Sicily. Will the same happen for Thailand? Finally, closing things out with a wrap of headlines.  LinkedIn will even give you a $100 credit on your next campaign so you can try it yourself. Go to LinkedIn.com/MBD Terms and conditions apply. Only on LinkedIn ads. Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Check out https://linkedin.com/MBD for more! Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Hear more from Ann on After Earnings: https://open.spotify.com/show/5I5q3LIg1ueDWoTM8AZsHQ?si=38da6cb59c874a5e

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Transcription

Full Episode

0.603 - 19.528 Advertisement

It's smart to always have a few financial goals. And a really smart one you can set? Earning cash back on what you buy every day. And with Discover, you can. Get this. Discover automatically matches all the cash back you've earned at the end of your first year. Seriously, all of it. And we trust you to make smart decisions. After all, you listen to this show.

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19.708 - 22.049 Advertisement

See terms at discover.com slash credit card.

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24.926 - 27.568 Toby Howell

Good morning, Brew Daily Show. I'm Toby Howell.

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27.728 - 28.649 Ann Barry

And I'm Anne Barry.

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28.929 - 34.833 Toby Howell

Today, the U.S. economy is increasingly reliant on the spending of the richest 10% of Americans.

35.294 - 39.877 Ann Barry

And Apple, a half a trillion dollar bet, investing big in America.

40.297 - 41.718 Toby Howell

It's Tuesday, February 25th. Let's ride.

48.183 - 66.687 Ann Barry

Good morning, everyone, and happy Tuesday. Three men who were accused of stealing a golden throne worth $3.5 million back in 2019. A standing trial in England this week, but it's not your typical golden throne because the throne in this instance refers to a toilet or, in my country's parlance, the loo. The loo.

66.988 - 84.215 Ann Barry

Yes, six years ago, thieves broke into an English country mansion where Winston Churchill was born and swiped the 215-pound, 18-carat gold conceptual art piece in just under five minutes. At the time, the gold was valued at $3.5 million, but was insured for $6 million. Not your typical splash and grab, Toby.

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