Warning Labels for Social Apps? & IRS Closes $50B Loophole

Warning Labels for Social Apps? & IRS Closes $50B Loophole

Episode 346: Neal and Toby unpack US Surgeon General Dr. Vivek Murthy’s call for a warning label on social media apps before teens log on. Then, wealthy taxpayers have been exploiting a loophole and the IRS is fed up. Next, Wells Fargo’s partnership with Bilt Rewards has been a favorite among cardholders… Except it’s costing the bank millions of dollars. Plus, print magazines aren’t quite dead yet. Toby explains why he sees a thriving trend for high-end niche print magazines. Meanwhile, McDonald’s pulls back its AI-powered drive-thrus in over 100 stores due to its (quite comical) technical flaws. Lastly, customer satisfaction across 13 sectors are getting worse and worse. Have we lost the importance of customer service? 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. 00:00 - Last time the Celtics won… 2:15 - Social media warning labels 7:15 - IRS closing big tax loophole 10:15 - Wells Fargo regretting Bilt card? 15:00 - Toby’s Trends: print magazines 18:30 - McDonald’s AI drive-thru flop 22:30 - Customer service is a lost art Get your Morning Brew Daily Mug HERE: https://shop.morningbrew.com/products/morning-brew-daily-mug?utm_medium=youtube&utm_source=mbd&utm_campaign=mug Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(903)

25-Year Old AI Hedge Fund Prodigy Wiped Out & Jersey Mike’s Goes Public

25-Year Old AI Hedge Fund Prodigy Wiped Out & Jersey Mike’s Goes Public

#901: The US economy grew more slowly in Q2 as the Iran war weighed on prices and supply chains. AI investor Leopold Aschenbrenner seeks new funding after massive losses. Jersey Mike’s raises $1 billi...

31 Jul 31min

Investors Question Kevin Warsh’s Credibility & People Are Talking Less?

Investors Question Kevin Warsh’s Credibility & People Are Talking Less?

#900: A divided Fed holds interest rates but three members wanted to hike it up. Meta shares dip after reporting an earnings miss as it keeps spending money on data centers. Microsoft beat expectation...

30 Jul 29min

FIFA Draws Backlash for “Selling Soul of Football” & Apple Wants You to Lease Your iPhone

FIFA Draws Backlash for “Selling Soul of Football” & Apple Wants You to Lease Your iPhone

#899: FIFA president Gianni Infantino plans to sell stake in the World Cup and its governing body hates it. Apple wants you to upgrade your iPhone with the option to lease. JPMorgan and Ohio State ink...

29 Jul 30min

Major American Cities Are Losing Kids & Ford Wants You to Customize Your Car

Major American Cities Are Losing Kids & Ford Wants You to Customize Your Car

#898: American big cities have fewer and fewer children living in them. A Chinese chip maker makes a big splash in its market debut, shaking up the semiconductor industry. Ford is hoping the aftermark...

28 Jul 30min

Peptides Win Support from FDA Committee & Philly Gets LeBron on a Bargain

Peptides Win Support from FDA Committee & Philly Gets LeBron on a Bargain

#897: A panel of doctors, experts, and pharmacists recommends the FDA to open up access to peptides in. Tech giants debate whether AI should be open vs. closed source. The Cockroach Party in India sho...

27 Jul 27min

Trump Charges Instant Access to Truth Posts & AMC Says Movies Are So Back

Trump Charges Instant Access to Truth Posts & AMC Says Movies Are So Back

#896: Oil prices cross the $100/barrel mark for the first time since May as the conflict in the Middle East intensifies. Trump Media plans to sell ‘real-time’ access to the President’s Truth posts. AM...

24 Jul 29min

OpenAI’s Rogue Model Hacks Another Company & The US is Losing its Lead in Farming

OpenAI’s Rogue Model Hacks Another Company & The US is Losing its Lead in Farming

#895: OpenAI admits an AI agent escaped a testing environment and hacked into another company. Alphabet reports it plans to raise spending on capex to speed its AI building. Tesla falls short on its p...

23 Jul 30min

Miami is Now Pricier Than NYC & The Massive Train That’s Making Adults Cry

Miami is Now Pricier Than NYC & The Massive Train That’s Making Adults Cry

#894: Miami is now more expensive than New York City. Novo Nordisk and Eli Lilly are battling it out over weight-loss ads. A new flip phone is coming and it’s designed to minimize distractions by elim...

22 Jul 31min

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