Episode 405: Neal and Toby discuss the whisperings of the US government working on a sovereign wealth fund to invest in national security projects. An idea that both Trump and Biden are warming up to. Then, last Friday’s jobs report gives closer assurance of a Fed rate cut, but has spooked investors as Wall Street has another rough week. Next, OnlyFans’ quiet success has made tons of money for its majority stake owner. What has been the key to their success? Also, Selena Gomez is a billionaire and American drivers are happy about low gas prices. Lastly, what to know in the coming week ahead.
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00:00 - Happy Sudoku Day
2:30 - Should the US open up a sovereign wealth fund?
7:30 - That jobs report, eh?
11:20 - OnlyFans is quietly killin’ it
14:45 - Selena Gomez is a billionaire
17:50 - US gas prices hit 6-month low
20:00 - Week Ahead
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Morning Brew Daily, a daily talk show that covers the latest news on business, the economy, and everything else, with Neal Freyman and Toby Howell. Witty, informative and everything you need to start your day. Available on all podcasting platforms and Youtube.