Episode 458: Neal and Toby chat about Comcast dropping $7B worth of its cable networks damaged by the streaming business. Then, the Justice Department asks a judge to order Google to divest its Chrome business. Next, Target shares plummet double-digits from its latest earnings report, failing to attract enough spending on its private-label goods. Meanwhile, Neal shares his favorite numbers from a single banana, Milan, and dogs’ favorite toy, Lamb Chop. Lastly, the biggest headlines to end your day. Download the Yahoo! Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. 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. Get your Morning Brew Book of Crosswords HERE: shop.morningbrew.com Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - McRib Returns 02:30 - Comcast Cable Breakup 07:10 - Google Asked to Sell Chrome 11:00 - Target Earnings Fall 15:30 - Neal’s Numbers 22:00 - Other Headlines
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, you'll never believe how much a banana duct taped to a wall just sold for.
Then Bullseye the Bull Terrier might be out of a job soon after Target reported some shaky Q3 earnings. It's Thursday, November 21st. Let's ride.
The McRib is coming back. McDonald's semi-mythical sandwich containing boneless pork, barbecue sauce, onions, and pickles is returning to participating stores nationwide on December 3rd for a limited time. The McRib wasn't around in 2023 at all, and was supposed to be on its farewell tour in 2022. So let's hope its comeback goes better than Mike Tyson's.
But Toby, apparently there's something called the McRib effect that says during periods when the McRib is available, the stock market posts higher returns. Is this true at all?
Yeah, this is big news, not just for your taste buds, but potentially your brokerage account. According to analysis from the finance blog of Dollars and Data, when the McRib is available, the S&P 500 has a higher average daily return than days when it's not available. When you annualize this, when you add it all up, the difference amounts to 19%. And now a word from our sponsor, Yahoo Finance.
Neil, yesterday and really the last month has been a wild time for news.
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