Chapter 1: Why is Coinbase laying off 14% of its workforce?
Consider this comparison. PWC data found the percentage of CEOs who report revenue gains or cost reductions from AI is almost equal to the percentage who say they're still stuck. What separates these two groups? PWC points to a clarity issue. Even for CEOs, it's hard to tell what's AI hype, what's reality, and where this tech can make a tangible difference.
Learn where AI can actually make an impact and what successful adoption looks like at pwc.com slash US slash brew AI. That's pwc.com slash US slash brew AI.
Good morning for your daily show. I'm Neil Freiman. And I'm Toby Howell. Today, is Alberta really going to leave Canada?
Then AB InBev earnings show that beer is so back, baby. It's Wednesday, May 6th. Let's ride. Let's ride.
Good morning. All right, I'm going to need everyone to shake out the arms and legs and let's get a little hammy stretch in there too because the presidential fitness test is back. Yesterday, President Trump officially reinstated the presidential fitness test to schools across the country, reviving a longstanding initiative that had been scrapped in 2013. So what do you have to do?
Well, when it was discontinued, the test required students to run one mile, do a shuttle run, perform as many sit-ups as possible in 60 seconds, do pull-ups or push-ups until failure, and undergo a sitting flexibility test. Toby, are we doing this after the show?
I do it every single morning just to keep sharp, make sure sixth grade Toby doesn't have any edge on me. But I do think that we should revisit some of the older tests included in the presidential fitness test. A softball throw was once part of the original framework as a way to judge a kid's grenade tossing ability. So we don't have that anymore.
The priorities have shifted a little bit, but I shan't lie. I love loved the presidential fitness sets, which I know is not a universal experience for a lot of kids. But the reason I loved it is because I've always had weirdly flexible hamstrings. So the sit and reach was my time to shine. And also the little patch, little blue patch.
If you're in the 85th percentile, I admit you give a 12 year old Toby a patch and he'll move the world for you.
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Chapter 2: How is AI influencing job roles at Coinbase?
We're going to take a quick break and come back with a story about a tiny little robot right after this. Neil, let me tell you something about bond markets. I'm all ears. They are confusing.
Insightful as ever. But yes, capturing value in fixed income is not easy. Thankfully, Vanguard bonds are institutional quality. That means top-grade products across the board.
Vanguard is able to invest across all kinds of sectors, maturities, and geographies, which means they can spot and act on opportunities that others might miss.
So check out Vanguard.com slash audio. That's Vanguard.com slash audio. All investing is subject to risk. Vanguard Marketing Corporation Distributor. Neil, let's make a deal.
Last time you said that, I ended up painting your fence. And you did such a good job on that. But DataSight can deliver deal intelligence across every stage of the investment lifecycle, powered by the best available AI models and protected by security standards dealmakers trust.
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You can move faster on deals and win with Datasite's AI when you visit datasite.com slash brew. That's datasite.com slash brew. Neil, I've got something pretty big on the Verizon. You mean horizon? Nope, pretty sure that's not a real word. But the Verizon Visa card helps eligible Verizon customers get more from everyday spending. You can earn 4% rewards on gas, groceries, and dining.
Redeem rewards toward Verizon bills or devices with no annual fee and unlimited rewards with no expiration.
For a limited time, new card holders can get up to $150 cash back. Just head to verizon.com slash morningbrew to learn more. That's verizon.com slash morningbrew. The inventor of Roomba is back with a robot that doesn't clean your floors.
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