Episode 516: Neal and Toby discuss Meta’s continuation of its ‘Year of Efficiency’ as it begins another round of layoffs amid its investment into its AI strategy. Then, President Trump imposes 25% tariffs on steel and aluminum that will likely hurt Germany, Canada, Mexico, and Asian countries. Next, another push to abolish the US penny. Meanwhile, Apple Watch wearers are moving their trackers down to the ankles. Lastly, a roundup of the biggest headlines from the day. 00:00 - It’s official, Gulf of America 3:00 - Meta layoffs 8:15 - Tariffs on US Steel 12:30 - Penny waste? 19:10 - Toby’s Trends: Ankle Watch 22:40 - Sprint Finish! 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, hold on to your piggy banks because the penny could be going extinct.
Then bust out the cardboard boxes in Menlo Park. Meta's layoffs have begun. It's Tuesday, February 11th. Let's ride.
If you live in the US, open up Google Maps and scroll to the big body of water west of Florida, you'll notice a big change. The Gulf of Mexico has been officially renamed Gulf of America. The company said that it made the update in accordance with a new executive order from President Trump citing longstanding practice of changing labels based on guidance from countries.
So at least for the next four years, people in the US will see Gulf of America, people in Mexico will see Gulf of Mexico, and people everywhere else will see both names. Toby, what did you think when you saw this change?
I didn't think anything, Neil, because I didn't even notice it. I used something called Apple Maps, which still has it as Gulf of Mexico. Yes, I will use this as an opportunity to advance my Apple Maps is superior to Google Maps. agenda. People still remember Apple matches original launch and how glitchy it was, but I'm telling you, give it another chance.
It is far superior, but yes, back to the news. Apple hasn't made any changes in Apple maps yet, but it does redirect searches for Gulf of Mexico or Gulf of America to Gulf of Mexico. So clearly they are thinking about it. I wonder how long they will hold out. And I also wonder if a new administration comes in, if they'll change it back and it's just like a snip, snap, snip, snap.
Gulf of America, Gulf of Mexico, back and forth.
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