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Morning Brew Daily

Markets Wrap Up a Shaky Q1 & Elon Musk Sells ‘X’ To... 'xAI'

31 Mar 2025

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Episode 550: Neal and Toby recap a wild first quarter of markets all around the world. Then, Elon Musk sells X to xAI to create one single entity. Also, Trump pardons some prominent business leaders found guilty of fraud. Plus, the New York Yankees unveil a new hefty bat that looks like a bowling pin, but apparently doesn’t break the rules. Meanwhile, HBO’s ‘The White Lotus’ may be a favorite among many, except for one – as in the #1 seed Duke University. Finally, what’s coming in the week ahead.  00:00 - East Coast weather gap 2:15 - Q1 markets recap 8:20 - X gon’ give it to ya 12:00 - Fraudsters freed 15:30 - Big bat energy 19:00 - Duke v. White Lotus 22:30 - Week Ahead 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 TaxAct for more! Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow

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Full Episode

0.603 - 19.543 Advertisement Narrator

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19.723 - 22.066 Advertisement Narrator

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25.014 - 32.704 Neal Freiman

Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, why Elon Musk sold one of his companies to Elon Musk.

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33.105 - 40.694 Toby Howell

Then we'll recap the wobbly first quarter Wall Street has had to kick off the year. It's Monday, March 31st. Let's ride.

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46.368 - 68.006 Neal Freiman

What a difference 200 miles makes. On Saturday, New York City was in full-on summer mode as temperatures reached 80 degrees. But just above I-95, the weather could not have been any different. On the same day, people living in Boston were hit with freezing rain and temps in the mid-30s. That 45-degree temperature gap between Boston and New York City isn't just good material for small talk.

68.266 - 78.553 Neal Freiman

It's history. Meteorologists said it was the widest temperature difference between the two cities on record. Meanwhile, in Connecticut, they couldn't decide which side to take per usual.

78.853 - 93.319 Toby Howell

I mean, it was snowing briefly in Boston. Meanwhile, you and me, Neil, we were golfing in short sleeves. The farmer's stands were coming out in droves. Really drives home what they say about Boston, though. New York prices, Chicago weather, Scranton culture.

93.339 - 101.223 Neal Freiman

Oh, you're doing Boston dirty. Now a word from our new sponsor, Tax Act. Toby, you look a little pale today. What is going on?

101.323 - 108.669 Toby Howell

Well, first of all, Neil, it's been winter, so I'm not exactly sun-kissed. But also, it's tax season. Needless to say, I'm a little nervous.

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