DiscoverMorning Brew DailyIs Election Anxiety Slowing the Economy? & Gold Keeps On Shining
Is Election Anxiety Slowing the Economy? & Gold Keeps On Shining

Is Election Anxiety Slowing the Economy? & Gold Keeps On Shining

Update: 2024-10-25
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The podcast begins with a discussion about "gate lice," people who rush to board planes before their designated group is called. American Airlines is implementing a new system to discourage this behavior. The hosts then discuss their experiences with Bonobos suits and encourage listeners to check out the brand. They also delve into how presidential elections often lead to a decline in consumer spending, as people wait for political uncertainty to subside. The podcast then covers Cureg's acquisition of the energy drink brand Ghosts, highlighting the brand's popularity among younger consumers. The hosts discuss the recent surge in gold prices, driven by geopolitical instability and uncertainty. They also explore the effectiveness of LinkedIn ads for B2B marketers and highlight Shopify's success in providing a platform for businesses to sell their products online. The podcast continues with a discussion about Polymarket, a crypto-powered prediction market, and its recent scrutiny over a large spender potentially skewing its probabilities. The hosts also discuss Tesla's stock price surge after Elon Musk announced plans for an affordable electric vehicle. Finally, the podcast concludes with a discussion about the upcoming World Series matchup and the inspiring story of Julia Harkins, a centenarian sprinter who took up running after turning 100.

Outlines

00:00:00
Boarding Etiquette, Consumer Spending, and Energy Drinks

The podcast begins with a discussion about "gate lice," people who rush to board planes before their designated group is called. American Airlines is implementing a new system to discourage this behavior. The hosts then discuss how presidential elections often lead to a decline in consumer spending, as people wait for political uncertainty to subside. They also cover Cureg's acquisition of the energy drink brand Ghosts, highlighting the brand's popularity among younger consumers.

00:09:57
Gold Prices, B2B Marketing, and Shopify's Success

The hosts discuss the recent surge in gold prices, driven by geopolitical instability and uncertainty. They also explore the effectiveness of LinkedIn ads for B2B marketers and highlight Shopify's success in providing a platform for businesses to sell their products online.

00:18:34
Prediction Markets, Tesla's Surge, and World Series

The podcast continues with a discussion about Polymarket, a crypto-powered prediction market, and its recent scrutiny over a large spender potentially skewing its probabilities. The hosts also discuss Tesla's stock price surge after Elon Musk announced plans for an affordable electric vehicle. Finally, the podcast concludes with a discussion about the upcoming World Series matchup and the inspiring story of Julia Harkins, a centenarian sprinter who took up running after turning 100.

Keywords

Gate Lice


A term used to describe people who linger around boarding areas in an attempt to get on a plane before their designated group is called. Airlines are starting to crack down on this behavior.

Bonobos


A clothing brand known for its comfortable and stylish suits.

Ghosts


An energy drink brand that has gained popularity by partnering with candy brands and targeting younger consumers.

Gold Prices


The price of gold has been surging due to geopolitical instability, uncertainty, and a shift towards the safety of the world's original reserve currency.

LinkedIn Ads


A form of advertising that allows businesses to target specific professionals on LinkedIn.

Shopify


A platform that allows businesses to sell their products online.

Polymarket


A crypto-powered prediction market that allows users to bet on the outcome of events, including elections.

Tesla


An electric vehicle manufacturer whose stock price surged after Elon Musk announced plans for an affordable electric vehicle.

Q&A

  • What is the new system that American Airlines is implementing to discourage "gate lice"?

    American Airlines is testing a system where an alert will blare out if someone tries to scan their boarding pass before it's their turn. This will likely result in embarrassment and being sent back to wait until their group is called.

  • Why are large consumer giants like Coca-Cola, Pepsi, and Cureg investing heavily in energy drinks?

    Energy drinks are a rapidly growing sector, and these companies are seeking to secure a foothold in this market. They are making investments in existing brands or developing their own energy drink products.

  • What factors are driving the recent surge in gold prices?

    Gold prices have been rising due to geopolitical instability, uncertainty, and a shift towards the safety of the world's original reserve currency. Central banks are increasing their gold reserves, and retail investors are also showing renewed interest.

  • What is the controversy surrounding Polymarket?

    A single foreign trader has spent over $28 million betting on Donald Trump to win the 2024 presidential election, potentially skewing the probabilities on the platform. This has raised concerns about manipulation and the accuracy of prediction markets.

  • What is the significance of the FTC's lawsuit to block the luxury merger between Tapestry and Capri?

    The lawsuit is a significant development in antitrust law, as it suggests that handbags are now considered a market worthy of scrutiny. The judge's decision could have implications for other mergers in the fashion industry.

  • What is remarkable about Julia Harkins' story?

    Julia Harkins, a centenarian sprinter, inspired many by taking up running after turning 100. She set world records in the 50-meter and 100-meter dash, demonstrating that age is no barrier to achieving athletic goals.

Show Notes

Episode 439: Neal and Toby dive into why election anxiety might be causing a reluctance for the American consumer and how it’s hurting businesses. Then, Keurig just bought a majority stake in Ghost energy drink for over $1B, which signals the growing category for caffeinated drinks. Next, Gold reaches another all-time high – will it ever slow down? Also, Philip Morris is the week’s Stock of the Week, while Polymarket is the Dog of the Week. Lastly, Tesla’s big day, Yum Brands pulls back on onions, a sprinter dies at 108, World Series’ tickets, and Tapestry blocked. 


00:00 - American Airlines tackles ‘gate lice’

3:15 - Too stressed to shop?

7:00 - Ghost energy drink cashes in

10:30 - Gold shines bright

16:30 - Stock of the Week: Philip Morris

19:05 - Dog of the Week: Polymarket

12:00 - Sprint to the finish!


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Is Election Anxiety Slowing the Economy? & Gold Keeps On Shining

Is Election Anxiety Slowing the Economy? & Gold Keeps On Shining

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