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Morning Brew Daily

Wall Street Loves Private Credit & US-China Chip War Heats Up

04 Dec 2024

Description

Episode 467: Neal and Toby bring news from around the world starting with the fallout of South Korea’s President declaring martial law, then lifting it less than 24 hours later. And, China hits back against the US’ chip crackdown. Then, French lawmakers could force its prime minister to resign. Meanwhile, Wall Street is investing billions of dollars into private credit as it looks to bring it to the masses. Plus, ChatGPT may have all the answers on the Internet, but it can’t bring itself to recognize the name “David Mayer.” Lastly, notable headlines that close out your day. 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. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - 30 Under 30  03:00 - South Korea Turmoil 06:00 - China Chip Wars 09:00 - France Chaos 11:40 - Private Credit on Wall Street 17:00 - ChatGPT Glitch 21:45 - Headlines

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Transcription

Full Episode

0.711 - 14.901 Advertisement Narrator

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44.039 - 51.284 Neal Freiman

Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, the mysterious man who broke ChatGPT.

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51.645 - 75.473 Toby Howell

Then what is private credit and why is it suddenly the hottest market on Wall Street? It's Wednesday, December 4th. Let's ride. If you got a disappointed text from your parents yesterday, it was likely because Forbes dropped their annual 30 under 30 list, celebrating movers and shakers in various industries who don't have lower back pain yet.

75.953 - 95.503 Toby Howell

Alex Cooper of Call Her Daddy fame highlighted this year's class. Jason Tatum rode the success of his step back jumper to snag a spot. And Jacob Elordi got on for just being tall and handsome and really talented at acting, I guess. Neil, any takeaways from this year's crop of youths? Yeah, well, I didn't see your name, Toby. Oh, you had to bring it up.

95.523 - 117.462 Neal Freiman

I'm 33. Like, I don't even think about the 30 under 30. But you're still under 30, and I was looking at your name. There's 20 different industries. I mean, this is not a 30-person list. This is a 600-person list. They choose from fintech, media, celebrity, sports, et cetera. And, you know, I just didn't see. I was looking from H and I. I went to I, and there was no how. Here's the thing, Neil.

117.602 - 136.355 Toby Howell

I got three more years, okay? My lower back pain hasn't kicked in yet, so yes, I didn't make it this year, but hey, there's always next year, right? And the year after that, and the year after that. Now, a word from our sponsor, Yahoo Finance. Neil, the Olympics are long gone, but I still want to talk about gold, silver, and bronze today.

136.455 - 144.161 Neal Freiman

For the last time, Toby, we are not doing a morning brew office Olympics. Curling with coworkers in the office chairs is not HR-approved.

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