Morning Brew Daily
Big Banks Fuel Stock Market Rally & The FTC's Next Target... John Deere
16 Jan 2025
Episode 498: Neal and Toby recap the good day Wall Street has thanks to big profits brought by the big banks of America. Then, the US will ban a red dye used in food and drugs that is linked to cancer. Plus, the FTC accuses John Deere of making repairs for their machines hard without their authorized dealers which puts farmers in a costly bind. Meanwhile, Neal shares his stand-out numbers on congestion pricing, the Getty Villa, and Robbie Williams’ biopic. Lastly, a wrap up of the headlines for the day. 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. Checkout public.com/morningbrew for more Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. Alpha is an AI research tool powered by GPT-4. Alpha is experimental and may generate inaccurate responses. Output from Alpha should not be construed as investment research or recommendations, and should not serve as the basis for any investment decision. Public makes no warranties about its accuracy, completeness, quality, or timeliness of any Alpha out. Please independently evaluate and verify any such output for your own use case.
Full Episode
Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, stocks had their best day since right after the election. Who's responsible for Wall Street's surprise party?
Then John Deere is in trouble with the FTC for making its tractors too dang hard to repair. It's Thursday, January 16th. Let's ride.
Before we get into the business news, there were some major developments in global politics yesterday. After 15 months of devastating war in Gaza, Israel and Hamas agreed to a long-awaited ceasefire brokered by the U.S., Qatar, and Egypt.
It's a three-stage deal that will see a return of the hostages to Israel, a phased withdrawal of Israeli forces from areas in the enclave, and a surge in humanitarian aid to hundreds of thousands of displaced Palestinians. Both the Biden and and incoming Trump administration work together on the deal in a rare moment of cooperation, one official called almost unprecedented.
The first phase is set to go into effect on Sunday, but it needs to be approved by the Israeli cabinet first. And earlier this morning, that vote has been delayed as Israel accused Hamas of reneging on parts of the deal.
Biden followed up that ceasefire announcement with his farewell address to the nation last night. He used his platform to sound the alarm about the, quote, dangerous concentration of power in the hands of a few ultra wealthy people and the rise of the, quote, tech industrial complex that he says puts our basic rights and freedoms at risk.
Today, an oligarchy is taking shape in America, Biden explained, of extreme wealth, power, and influence that literally threatens our democracy. Biden's remarks come as Elon Musk, Jeff Bezos, and Mark Zuckerberg are set to have courtside seats to Trump's inauguration on Monday, with Zuckerberg topped to host a black tie reception for the incoming administration.
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