DiscoverMorning Brew DailyThe Great Debate on Tariffs & Meta Fires Workers Over $25?
The Great Debate on Tariffs & Meta Fires Workers Over $25?

The Great Debate on Tariffs & Meta Fires Workers Over $25?

Update: 2024-10-18
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The podcast begins with a discussion of Halloween costume trends, highlighting Google's top trending costumes and suggesting a strategy for achieving originality. The hosts then move on to discuss the benefits of Wendy's Breakfast Burrito for a quick and delicious morning meal. Next, the podcast delves into Treasury Secretary Janet Yellen's criticism of broad-based tariffs, arguing that they raise prices for American families and make businesses less competitive. She contrasts this with targeted tariffs aimed at unfair competition, such as China's overcapacity in certain industries. The podcast then examines Netflix's Q3 earnings report, which shows a slight slowdown in subscriber growth but increased profits and revenue, indicating a shift towards profitability over customer additions. Despite the slowdown, Netflix continues to add subscribers and is exploring new revenue streams like live events and gaming. The hosts then discuss Uber's potential acquisition of Expedia, a move that would significantly expand its super app ambitions. The acquisition would add flight and hotel bookings to Uber's existing services, bringing it closer to the model of China's WeChat. The podcast highlights Miro's innovation workplace as a tool that helps teams accelerate their innovation process through AI-enabled features, including text-to-diagram functions, AI-enabled intelligence widgets, and two-way sync technology. The hosts then label Meta as the "dog of the week" due to its handling of employee meal stipends. The company reportedly fired employees who misused a $25 meal voucher, highlighting a trend of big tech companies tightening their belts and emphasizing efficiency. The podcast concludes with a discussion of chocolate's declining popularity in Halloween treats due to rising cocoa prices and consumer preference for non-chocolate options like sour gummies. The hosts discuss emerging candy trends like aftermarket sour candies and freeze-dried candy. Finally, the podcast highlights Prada's partnership with Axiom Space to design the next generation of space suits for NASA's Artemis III moon mission. The suits feature aesthetic and technological enhancements, leveraging Prada's expertise in textiles and its experience with high-performance gear for America's Cup sailing.

Outlines

00:00:00
Halloween Trends and Wendy's Breakfast Burrito

The hosts discuss Halloween costume trends, highlighting Google's top trending costumes and suggesting a strategy for achieving originality. They then discuss the benefits of Wendy's Breakfast Burrito for a quick and delicious morning meal.

00:02:19
Tariffs, Netflix's Growth, and Uber's Acquisition

Treasury Secretary Janet Yellen criticizes broad-based tariffs, arguing that they raise prices for American families and make businesses less competitive. The podcast then examines Netflix's Q3 earnings report, which shows a slight slowdown in subscriber growth but increased profits and revenue. The hosts then discuss Uber's potential acquisition of Expedia, a move that would significantly expand its super app ambitions.

00:17:13
Miro's Innovation Workplace, Meta's Meal Stipend Controversy, and Candy Trends

The podcast highlights Miro's innovation workplace as a tool that helps teams accelerate their innovation process through AI-enabled features. The hosts then label Meta as the "dog of the week" due to its handling of employee meal stipends. The podcast concludes with a discussion of chocolate's declining popularity in Halloween treats due to rising cocoa prices and consumer preference for non-chocolate options like sour gummies.

00:24:26
Prada's Space Suit Design

The podcast highlights Prada's partnership with Axiom Space to design the next generation of space suits for NASA's Artemis III moon mission. The suits feature aesthetic and technological enhancements, leveraging Prada's expertise in textiles and its experience with high-performance gear for America's Cup sailing.

Keywords

Super App


A mobile application that offers a wide range of services, including messaging, social media, payments, transportation, food delivery, and more, aiming to become a one-stop shop for users' daily needs.

Targeted Tariffs


Trade policies that impose duties on specific goods or industries to address unfair competition or protect domestic industries from foreign imports.

Overcapacity


A situation where a company or industry produces more goods or services than the market demands, leading to lower prices and potential economic challenges.

Retaliatory Action


Measures taken by a country or entity in response to another country's trade policies, often involving tariffs or other restrictions on imports.

Freeze-Dried Candy


A type of candy that has had its moisture removed through a process called freeze-drying, resulting in a lighter, crispier texture and a concentrated flavor.

Space Economy


The emerging economic activity related to space exploration and utilization, encompassing industries such as space tourism, satellite services, and space manufacturing.

Halloween Costumes


The costumes people wear for Halloween, often inspired by popular culture, fictional characters, or themes.

Innovation Workplace


A collaborative workspace designed to foster creativity, problem-solving, and innovation among teams.

Meal Stipend


A financial allowance provided to employees to cover the cost of meals, often used in workplaces with long hours or remote work arrangements.

Q&A

  • What are some of the top trending Halloween costumes this year according to Google?

    Google's top trending costumes include characters from Beetlejuice, Inside Out 2, Ray Gunn, pop star Sabrina Carpenter, and the duo costume of Wolverine and Deadpool.

  • What are some of the arguments against broad-based tariffs?

    Broad-based tariffs can raise prices for consumers, make businesses less competitive, and invite retaliatory action from trading partners, potentially harming American exporters.

  • How is Netflix adapting to a slowing subscriber growth rate?

    Netflix is focusing on profitability over customer additions, exploring new revenue streams like live events and gaming, and considering price hikes to offset the slowdown in subscriber growth.

  • What are some of the reasons why Uber might be interested in acquiring Expedia?

    Acquiring Expedia would allow Uber to expand its super app ambitions by adding flight and hotel bookings to its existing services, bringing it closer to the model of China's WeChat.

  • What are some of the emerging trends in the candy market that are impacting chocolate's popularity?

    Consumers are increasingly favoring non-chocolate options like sour gummies, and emerging trends like aftermarket sour candies and freeze-dried candy are attracting attention and driving innovation in the candy sector.

  • Why is Prada's involvement in designing space suits significant?

    Prada's expertise in textiles and its experience with high-performance gear for America's Cup sailing make it a suitable partner for designing space suits. The deal also highlights the growing commercialization of space and the potential for fashion brands to play a role in the space economy.

  • What are some of the AI-enabled features of Miro's innovation workplace?

    Miro's innovation workplace features AI-enabled text-to-diagram functions, AI-enabled intelligence widgets, and two-way sync technology.

  • What is the trend of big tech companies tightening their belts and emphasizing efficiency?

    Big tech companies are increasingly focusing on cost-cutting measures and efficiency improvements, as seen in Meta's handling of employee meal stipends.

  • What are some of the reasons for the decline in chocolate's popularity in Halloween candy?

    Rising cocoa prices and consumer preference for non-chocolate options like sour gummies are contributing to the decline in chocolate's popularity in Halloween treats.

Show Notes

Episode 434: Neal and Toby discuss the effects of a broad tariff policy that Republican presidential nominee Trump proposes if he were to be elected and US Treasury Secretary Janet Yellen warns that it may hurt the economy or then help. Then, Netflix’s latest earnings are proving price hikes are boosting profits while steadily gaining new subscribers. Plus, news of an Uber takeover of Expedia boosts its stock, making it the Stock of the Week, and leaves Wall Street saying, “Hm, not a bad idea.” And Meta fires employees over a meal perk and announcement of layoffs makes it the Dog of the Week. Meanwhile, Halloween candy this year will look a lot more…squishier, as high cocoa prices mean candy companies are leaning into gummies to save their sales. Lastly, Prada is expanding out of the fashion world and going…out of this world…by designing the spacesuit of an upcoming moon mission. 


00:00 - Top trending Halloween costumes

2:50 - Great debate on tariffs

7:50 - Netflix is all about the profits

12:10 - Stock of the Week: Expedia

18:40 - Dog of the Week: Meta

22:00 - Halloween chocolates are out

25:00 - Prada gets into the space business


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The Great Debate on Tariffs & Meta Fires Workers Over $25?

The Great Debate on Tariffs & Meta Fires Workers Over $25?

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