Morning Brew Daily
Wall Street Exec. Tapped for Treasury Secretary & European EV Market In Trouble?
25 Nov 2024
Episode 460: Neal and Toby explain why President-Elect Donald Trump chose former Hedge Fund Manager Scott Bessent for Treasury Secretary and what it means for the federal government's finance department. Next up, why was Indian Billionaire Gautam Adani was charged in a US bribery case, and the battery startup that lost $15 billion that could hinder EV progression in Europe. Then the winners of the weekend are box office hits 'Wicked' and 'Gladiator II', and then the game of Chess. Finally a look ahead at this upcoming week. Download the Yahoo! Finance App (on the Play and App store) for real-time alerts on news and insights tailored to your portfolio and stock watchlists. 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. Get your Morning Brew Book of Crosswords HERE: shop.morningbrew.com Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Turkey Pardon 02:15 - Scott Bessent Nominated for Treasury Secretary 08:15 - Gautam Adani vs DOJ 12:45 - EV Battery Maker Bankruptcy 17:45 - ‘Glicked’ at the Box Office 21:20 - New Look Chess 24:45 - Week Ahead
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, Trump finally picked his Treasury Secretary. Why Wall Street is celebrating, but Elon Musk is fuming.
Then Northvolt was once the best-funded startup in Europe, but now it's bankrupt. It's Monday, November 25th. Let's ride.
Today, President Biden will continue the bizarre White House Thanksgiving tradition of pardoning turkeys when he will absolve two large birds, Peach and Blossom, of their crime of being large birds. Why is this even a thing? The simplest answer is always the correct one. It's a PR stunt by Big Turkey.
Since 1947, the National Turkey Federation lobbying group has provided turkeys to presidents to raise awareness for the industry. But in 1963, President Kennedy became the first on record to pardon one.
Not to get all technical on you, though, Neil. Kennedy wasn't actually the first official presidential pardon. For whatever reason, when JFK was presented with the bird, he said on Thanksgiving, we'll just let this one grow. I don't know why he said it, but he did technically pardon it. But it wasn't until 1989 under George H.W. Bush that the turkey pardon became established.
an officially sanctioned White House event. So peaches and blossom. I'm not sure who you should thank for your lives being spared this year, but enjoy your time as agricultural ambassadors going forward. Now, a word from our sponsor, Yahoo Finance. Neil, it finally happened to me yesterday.
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