US Economy Powers Through Rate Hikes & Did Man City Cheat?
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What’s the big story about the US economy powering through rate hikes and rising bond yields?
Good morning, Brew Daily Show. I'm Neil Freyman. And I'm Toby Howell. Today AI is
misbehaving far more than we knew. Then Manchester City kicked out of the Premier League. It could happen thanks to financial breaches. It's Monday, September 28th. Let's ride.
Good Monday morning, at least here in the stormy Northeast. It was a rough weekend for doing anything outside. So instead, everyone was debating a list of the top 100 TV shows of the 21st century the New York Times just released. Going from five to one is Flea Bag Succession, Mad Men, The Wire, and in the top spot, Breaking Bad. I don't think that exactly be my top five. Personally think better call was better. Back at all of twelve episodes and succession may be a case of recency bias. But Tobias, someone who doesn't watch a lot of TV, what's your take?
I felt really left out. I'm not gonna lie. Uh, the take I most aligned with was where is the Sopranos? Like, how could you leave out the Sopranos? Well, it was made in 1999, so it wasn't part of the 21st century. Here is the list that I have the most respect for, though. An ex-user Robbie Pierce ranked the best 100 shows of the century by how many times they've appeared as an answer in the New York Times crossword. Neil, can you tell me what the Like
a show?
It's a show on the list. On
blanket. Amongst the list. Give me a give me a head. It's four letters and it starts with L. I was gonna say silo because that seems like it's pretty I mean that doesn't start with L but it it has very generic crossword letters. What is the sh Oh, lost. Lost. Yeah. There it is. You just need to talk it out.
You need to talk it out. It goes lost with 231 mentions, then house with 106. So Lost is by far the most. Then Atlanta, actually, beef and Andor. You need those A's, you need those vowels. So that was the list that I most, you know, could relate to. And now a word from our sponsor, Roku Ads Manager. All right, Neil. Pop quiz. Where do people spend the majority of their screen time? I'd probably say.
Say social
media? Streaming TV is actually number one ahead of social media with an average of three and a half daily hours spent watching.
No wonder 70% of advertisers are increasing their streaming budgets in 2026. And a lot of that is being pulled straight from social.
Yeah, and many of those advertisers are bringing those budgets to Roku. As the top smart TV operating system in the US, the scale alone speaks for itself.
Roku is offering a $5,000 match to first time spenders on Roku Ads Manager. Just head to advertising.rooku.com/slash MBD and use code BRUE5K.
Despite inflation, tariffs, high interest rates, and ever rising treasury yields, the US economy's role simply cannot be slowed, like the American team in singles at the president's cup. But while a hot economy sounds great on the surface, a hot economy next to two decade high treasury yields has economists nervous because it raises the possibility that the Fed will have to go full boulder Colorado in hike, hike, hike. The Fed's biggest tool for controlling inflation. Is raising interest rates. Higher rates are supposed to cool economic activity by making borrowing more expensive, discouraging business investment and big ticket consumer spending. But companies are so gung-ho about AI and its eventual returns that they are continuing to build despite higher borrowing costs.
Meanwhile, a string of economic reports show that instead of slowing down the economy, it appears to be accelerating. The jobs report showed Hiring picked back up in August while layoffs have remained low. Manufacturers also had a very strong quarter. Those signs of strength mean interest rates are likely to stay higher for longer. So if you're asking investors to lock up their money in a treasury for 10 years, they demand a higher return to do it. Still, danger looms with that 10-year yield hovering over 5%. It means everything from mortgages to car loans are more expensive. Putting consumers' metal to the test. Neil, we've got ourselves a robust economy, but right now the stronger it gets, the harder it may be for interest rates to come down.
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