Morning Brew ☕️
@MorningBrew
Everything you need to know about the world of business and the business of the world. ☕️
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During Tim Cook's tenure as CEO, Apple's market cap increased an average of about $32 million per hour, every hour...
For 15 years
(Per Bank of America analyst Wamsi Mohan)
The week ahead...
Monday:
• Season 18 of 'Always Sunny' premieres
Tuesday:
• Reddit joins the S&P 500
• Meta heads to federal court in CA for another social media addiction trial
• Home Depot reports earnings
Wednesday:
• New 50% tariffs go into effect on some Canadian products if trade deal with the US isn't reached
• Minutes from the Fed's July meeting released
• Earnings: Lowe's, TJX, and Target
Thursday:
• Earnings: Walmart and Alibaba
Friday:
• BJ's Wholesale Club reports earnings
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Summer Fridays are takin' shots over here
Films made by US studios that have grossed $2 billion:
1. Avatar (2009)
-$2.9 billion
2. Avengers: Endgame (2019)
-$2.7 billion
3. Avatar: The Way of Water (2022)
-$2.3 billion
4. Titanic (1994)
-$2.2 billion
5. Star Wars: The Force Awakens (2015)
-$2.07 billion
6. Avengers: Infinity War (2018)
-$2.03 billion
7. Spider-Man: BND (2026)
-$2.02 billion (so far)
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'Spider-Man: BND' has officially grossed more than $2 billion:
-$1 billion.........6 days
-$2 billion.........17 days
'Spider-Man: BND' has officially grossed more than $2 billion:
-$1 billion.........6 days
-$2 billion.........17 days
To be fair, he did say there's a 75% chance that AI WON'T destroy humanity
They really gave Miguel the tech bro glow-up
When the boss keeps scheduling meetings for 5 o'clock
Berkshire Hathaway in Q2...
🟢 Alphabet (Class A) 🔼 45.2%
🟢 Alphabet (Class C) 🔼 658.3%
🟢 Delta 🔼 44%
🟢 Lennar (Class A) 🔼 29.8%
🟢 Macy's 🔼 141.8%
🟢 New York Times 🔼 3.7%
🟢 Lennar (Class B) 🔼 25.4%
🔴 Constellation Brands 🔽 100%
🔴 Ally Financial 🔽 6.9%
🔴 Davita 🔽 4.1%
🔴 Nucor 🔽 52.5%
🔴 Kroger 🔽 22%
🔴 Capital One 🔽 58%
🔴 Bank of America 🔽 5.9%
⚫️ D.R. Horton ▶️ NEW
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Berkshire Hathaway now holds a $37.9 billion stake in Alphabet.
When it comes to pastimes, there's no time like the present...
"In the monthly retail sales report, spending at sporting goods, hobby, musical instruments and book stores rose about 10% in July from a year earlier, more than most categories tracked by the Census Bureau."
(Bloomberg)
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GM's CFO Paul Jacobson says that new vehicle-to-grid tech turns your car into a power plant for your house, and could even sell power back to the grid.
Needless to say, Kyle's not a fan of this perk
JUST IN: Luigi Mangione says in court that he shot UnitedHealthcare CEO Brian Thompson
The statement came as Mangione pleaded guilty to federal stalking charges related to Thompson's killing
He will be sentenced December 18
(Note: As of now, a separate state trial is still set to start next month)
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Workday stock jumps 25% on a report that private equity firm Silver Lake is in talks to buy the company.
Is unlimited PTO an overrated or underrated work perk?
Finance guy reacts to bills, cash, money, and dollars
Gamers have a career path other than Twitch streamer: air traffic controller
Notable OpenAI departures, since April:
• Brad Lightcap, COO
• Denise Dresser, CRO
• Kevin Weil, CPO Science
• Bill Peebels, Head of Sora
• Fidji Simo, CEO of Applications
• Srinivas Narayanan, CTO B2B Apps
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