Morning Brew Daily
Historic Wildfires Engulf LA & The Biggest Problem with Cars is... Software?
09 Jan 2025
Episode 493: Neal and Kyle recap the wildfires devastating the Los Angeles area and its neighborhoods and dig into some of the causes and effects from one of the worst wildfires in history. Then, Bill Ackman makes a strong case to privatize Freddie Mac and Fannie Mae. Also, cars becoming too high-tech have a downside: annoying software fixes. Plus, Neal shares his numbers from the week on Chick-fil-A’s lemon squeezing robots, declining red wine drinking, and teddy bears. Lastly, a round up of the biggest headlines of 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 00:00 - Jimmy Carter 02:00 - LA Wildfires 07:45 - Bill Ackman Bets Big on Fannie Mae 12:10 - Car Software Issues 16:50 - Neal’s Numbers 23:15 - Headlines
Full Episode
Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Kyle Heggie. Today, the latest on the wildfires that continue to devastate Los Angeles.
And the under-the-radar stock that Bill Ackman hopes will net him a 1,200% return. It's Thursday, January 9th. Let's ride.
While the country's focus remains on the fires in California, today the U.S. is also observing a national day of mourning and the funeral for Jimmy Carter, the first former president to live to 100. That means things won't totally operate as normal. U.S. flags will be flown at half staff starting today for the next 30 days. Post offices will be closed and most mail won't be delivered.
And Kyle, you don't need to check your brokerage account because the New York Stock Exchange and the NASDAQ are shutting down to honor the former president, a tradition that dates back to Abraham Lincoln's assassination in 1865.
Very interesting. I feel like Jimmy Carter would want us trading stocks on today. So we got to look into that. But RIP to President Carter. And I'm not a presidential scholar, but I will say his dedication to Habitat for Humanity and like building homes all throughout his life in post-presidency is amazing. So thank you, President Carter, for your great service to this country.
We start the show in Los Angeles, where the wildfires that started earlier this week continue to run rampant. The Palisades Fire that is ablaze on the seaside area between Malibu and Santa Monica has grown to more than 17,000 acres with very little to zero containment. It has destroyed at least 1,000 structures, making it the most destructive ever in LA County.
In addition to the Palisades Fire, there's at least three other subsequent wildfires happening Eden, Hearst, and Brown that are all affecting the L.A. metro area. Over 100,000 people have already been evacuated. All schools in the L.A. Unified School District, which is the nation's second largest, are closed today.
Governor Newsom has declared a state of emergency, and as of now, at least five people have been killed. Now, pictures are worth a thousand words, and this story is no exception. Scenes of the devastation played out on X and traditional media outlets, and the images are just devastating.
Neil, I was texting with friends who live down there, who have family that have had to evacuate, people even who thought they would be clear, maybe aren't anymore. Very scary, and I'm hoping we can get this under control ASAP.
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