Morning Brew Daily
Fed Workers Weigh Trump’s Buyout Offer & Tesla Sales Struggle in Europe
06 Feb 2025
Episode 513: Neal and Toby chat about the deadline of Trump’s resignation offer to federal workers and whether the legality of the deadline will hold up or not. Then, banks are able to sell off $5.5B in debt backed by X, thanks to rejuvenated investor interests for the Musk social media company. Meanwhile, Tesla continues to struggle in European markets as sales drop double-digits in Germany, France, and the UK. Also, Neal shares his favorite numbers on US wealth, women talking more than men, and a very expensive violin. Lastly, a roundup of headlines from 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. Check out https://wise.com/business 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. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank. 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. APY as of 1/16/25, offered by Public Investing, member FINRA/SIPC. Rate subject to change. *Terms and Conditions apply.
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, a fork in the road. Will government workers take Doge's offer of deferred resignation?
Then Tesla's sales across Europe took a nosedive as Elon Musk dives deeper into the region's politics. It's Thursday, February 6th. Let's ride.
There's been so much talk about government efficiency here in the U.S., but over in the Czech Republic, they're absolutely chewing through red tape. And that's all thanks to some cost cutting beavers. Here's the story. So there's this nature park where local authorities have been trying to build a dam for seven years to restore water areas.
But the project has been frustratingly held up over getting the necessary building permits to start construction. Enter a family of eight beavers who in two days built a dam that humans have been trying to set up since 2018, and it was in the perfect spot. One environmental official said beavers always know best.
The places where they build dams are always chosen just right, better than we can design it on paper. They estimate that the beavers, who have now become famous, saved the government $1.2 million. That's Doge done right.
You know who has no time for bureaucratic delays? It is beavers. Fun fact about beavers, when they create dams, they also create special pools that are conducive to growing their favorite food, which is this leafy green shoots. So they aren't just building a dam, they are also building a farm at the same time. So look at them stimulating economic activity. But here is my galaxy brain, take Neil.
Those beavers actually just destroyed $1.2 million of GDP for the Czech Republic doing construction without a permit. So maybe it's time to rethink how we calculate GDP to include unpaid labor from animals like beavers. Now a word from our sponsor, Wise Business. Neil, between us two, who is the more responsible one?
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