Episode 473: Neal recaps the latest inflation report, which ticked up just so slightly – but didn’t cause any panic. Then, FIFA announced the next countries to host the World Cup and in 2034, the choice of Saudi Arabia has raised a lot of eyebrows. Plus, Elon Musk becomes the first person to reach $400B net worth. Also, Neal shares his favorite numbers on Americans moving, Juan Soto’s contract, and a traveling humpback whale. Lastly, headline news you can use to end your day. Visit https://www.sage.com for more! 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. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Intro 03:25 - Inflation Ticks Up Slightly 08:50 - Saudi Arabia to Host the World Cup 13:30 - Elon Musk is Worth $400B 19:10 - Neal’s Numbers
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Good morning, Brew Daily Show. I'm Neil Freiman. Today, Saudi Arabia was awarded the 2034 World Cup, a controversial move that cements the kingdom as a sports juggernaut. And Elon Musk's net worth has exploded. The world's richest man is now worth nearly $450 billion. It's Thursday, December 12th. Let's ride. As you may have noticed, Toby is not here. He got a last minute bug.
So I am going to go full Alex Honnold and free solo this podcast today. I promise to do my best to bring you all the most important business news of the day, as well as a few fun tidbits as well. Speaking of fun tidbits, if you're running for statewide office, don't manipulate your Spotify rap, folks. New Jersey Representative Josh Godheimer said,
who is running for governor of the state, is in some hot water after he was found photoshopping his Spotify rap to give off the impression that all he listened to was Bruce Springsteen, who is a god in New Jersey. Like everyone else you know, Gottheimer posted his Spotify rap on social media, and his top songs were all the boss.
Thunder Road was number one, and Badlands and The Rising rounded out his top five. The one problem? It wasn't real. Internet sleuths found that the font, numerals, and spacing were off, and when Gottheimer was approached about it, he acknowledged that he fudged it, perhaps to impress voters with his Springsteen bonafides.
He still said he was a huge Springsteen fan, but shares a Spotify account with his two kids, so his rap data wouldn't necessarily reveal that. Look, if you're going to run for the state of New Jersey, it's true. You have to be a Springsteen fan. That's just a baseline qualification. But this wasn't one of Gottheimer's glory days. Now a word from our sponsor, Sage.
Let me start off your day with some Neal's Numbers Sage edition. According to Sage, 88% of finance leaders have adopted cloud technologies, 86% are using automation, and 77% have implemented machine learning. They've ditched the abacus, folks. And then on top of that, 88% of very successful finance leaders use AI and automation tools.
So there's a trend toward advanced AI tool usage like ChatGPT among those leaders. And then looking ahead, 86% of CFOs predict that technology, especially AI, machine learning, and automation, will significantly change their roles. 61% expect an increased use of AI-powered tools. So if you want to get in on those figures, you got to visit sage.com for more info. That's sage.com.
So the Consumer Price Index report came in yesterday, which is this big monthly inflation report. And it came in matching expectations. It was pretty solid. The CPI index rose 0.3% from the prior month. For the year, it rose 2.7%. So this was a bigger increase than in previous months. This was the strongest month over month increase in prices since April. The thing was,
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