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Reddit’s AI Deals Pay Off & Starbucks Firing Employees Over RTO Policy?
Reddit’s AI Deals Pay Off & Starbucks Firing Employees Over RTO Policy?
2024/10/30
Morning Brew Daily
Key Insights
Why did Alphabet's stock rise after its earnings report?
Google Cloud's growth and AI investments are paying off.
Why is Reddit's stock performing well?
Revamped advertising tech and increased Google search visibility.
Why did McDonald's face a sales decline?
Linked to an E. coli outbreak that affected consumer trust.
Why is Chipotle's growth slower than expected?
Same-store sales growth below Wall Street expectations.
Why are dietary guidelines recommending less red meat?
Studies show it raises risk of cardiovascular disease.
Why are companies enforcing return-to-office policies?
To reduce office vacancy rates and improve employee attendance.
Why did JPMorgan Chase sue customers?
Customers exploited a glitch to withdraw large sums of money.
Why is Trump Media stock rising?
Investors bet on Trump's potential election win.
Why did TGI Fridays close multiple locations?
Declining traffic and high debt from expansion.
Why did Starbucks discontinue Oleato drinks?
Unpopularity and need to simplify the menu.
Chapters
The episode discusses the final economic indicators before the election, including GDP, inflation, and the jobs report, and how these could influence undecided voters.
- GDP expected to show a 3% annualized growth in Q3.
- Inflation likely to show the lowest rate of price increases since early 2021.
- Unemployment rate expected to hold steady at 4.1%, the lowest pre-election rate in 24 years.
Shownotes Transcript