Trump Accounts Are Now Live & Philosophy Majors Find Work in AI

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Morning Brew Daily 31 min 2 speakers 3 chapters transcribed 2 months ago
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What is the main topic discussed in this episode?

Neil Freiman 0:01
Are you sucking wind from trying to keep up with AI and its impact? Take a breather and tune in to The Intelligence Shift, Morning Brew's new podcast with PwC. It bridges the gap between big picture AI concepts and what it actually means in practice. Host Dan Priest is joined by expert guests to discuss AI's role in sports, music, HR, and more. Listen to The Intelligence Shift wherever you get your podcasts. Good morning for Daily Show. I'm Neil Freiman.
Toby Howell 0:31
And I'm Toby Howell.
Neil Freiman 0:32
Today, what you need to know about Trump accounts, which are now live.
Toby Howell 0:36
Then scientists created something that resembles a cell from scratch for the very first time. It's Monday, July 6th. Let's ride.
Neil Freiman 0:56
My, oh my, what a 4th of July weekend. Scorching heat, lightning storms, fireworks, and I'm still recovering from a wedding I went to on Friday night at Madison Square Garden. Toby, you alive?
Toby Howell 1:09
Barely Neil. I'm actually recording this from the airport Holiday Inn Express in Detroit. My flight into New York got canceled yesterday due to all the rain, but I'm feeling good and happy to be here.
Neil Freiman 1:19
Great. So we thought we'd seen it all at the World Cup, but the drama only cranked up yesterday when FIFA surprised everyone by announcing that USA's star striker, Fuller and Balogun, would be allowed to play against Belgium tonight. In the previous game, Balogun received a controversial red card, which... per FIFA's rules, would bar him from competing in the next match. However, in a highly unusual move, that suspension got suspended, and Balogun will be available to the delight of American fans and the disgust of the Belgians. It looks like President Trump may have something to do with this.
Toby Howell 1:52
Yeah, all of FIFA's rules are like, here's a million articles and subsections, but actually every decision is going to be made by some unnamed dudes in a smoky back room. Yes, Trump and Commerce Secretary Howard Lugnick and a team of lawyers were involved in this. Specifically, they looked at how slow motion replay was used improperly to give the first red card out. Trump also called FIFA president Gianni Infantino, who he is close with, directly. And Infantino agreed to look into it. So if I was a Belgium fan, I would feel extremely hard done by because a lot of buttons were pressed to get this overturned. But as a U.S. fan, the euphoria I felt when that push notification hit my phone, that was unreal.

What are the Trump accounts and how do they work?

Toby Howell 2:35
Balogun hat trick incoming.
Neil Freiman 2:37
And now a word from our sponsor, Ultra Running. Hey, Toby, have I mentioned that I am running the marathon?
Toby Howell 2:45
Yeah, you have. You've mentioned it to everyone. We all know.
Neil Freiman 2:48
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Toby Howell 2:56
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Neil Freiman 3:03
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Toby Howell 3:14
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Neil Freiman 3:26
This morning, the world's two largest stock exchanges, New York and the Nasdaq, will bury their rivalry to ring the opening bell together for the first time in a historic Oval Office ceremony. The reason behind all the pomp and circumstance is Trump accounts are now live. It's understandable if you missed this on July 4th, but tax advantage investment accounts for kids, which the president branded Trump accounts, officially launched on Saturday. That means millions of babies are the newest shareholders in America's largest corporations. Beware hostile takeovers. So here's how this works. Basically, it's a savings account for children under 18 that invests in a low-cost index fund tracking the S&P 500.
Neil Freiman 4:06
The sweetener is that for babies born between 2025 and 2028, they'll get $1,000 in seed money from the Treasury Department.

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