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TikTok Ready to Fight Ban in Court & The $20M Sporting Event at the Sphere

TikTok Ready to Fight Ban in Court & The $20M Sporting Event at the Sphere

Update: 2024-09-16
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The podcast begins with a discussion about Spotify Wrapped, a feature that reveals users' listening habits. The hosts express their anxieties about their musical taste being exposed. The episode then features advertisements for Wise Business, LinkedIn Ads, and HelloFresh. The podcast delves into the ongoing legal battle between TikTok and the US government over the app's potential national security risks. The government's argument relies on classified documents that TikTok is not allowed to review, raising concerns about due process. The podcast also discusses the Biden administration's proposal to impose tariffs on fast fashion companies like Shein and Temu, aiming to level the playing field for American businesses and address concerns about potential safety risks and drug trafficking. The hosts discuss the UFC Noche event held at the Sphere in Las Vegas, highlighting its financial success and the venue's versatility. The event showcased the potential of futuristic venues with massive video screens to enhance live sports productions. The podcast concludes with a discussion about the Emmy Awards, highlighting the success of "Shogun" and the surprising win of "Hacks" over "The Bear" in the Best Comedy category. They also discuss the Ignoble Prizes, a satirical award ceremony that honors unusual and humorous scientific achievements. The hosts also mention the upcoming Fed meeting and the anticipated interest rate cut, as well as the public hearing regarding the Oceangate submersible disaster. They also mention the 50th anniversary of Robert Caro's biography of Robert Moses, "The Power Broker."

Outlines

00:00:00
Spotify Wrapped, TikTok's Fate, and Fast Fashion Tariffs

The podcast begins with a discussion about Spotify Wrapped, a feature that reveals users' listening habits. The hosts express their anxieties about their musical taste being exposed. The episode then delves into the ongoing legal battle between TikTok and the US government over the app's potential national security risks. The government's argument relies on classified documents that TikTok is not allowed to review, raising concerns about due process. The podcast also discusses the Biden administration's proposal to impose tariffs on fast fashion companies like Shein and Temu, aiming to level the playing field for American businesses and address concerns about potential safety risks and drug trafficking.

00:07:51
UFC Noche Event, Emmys, and Ignoble Prizes

The hosts discuss the UFC Noche event held at the Sphere in Las Vegas, highlighting its financial success and the venue's versatility. The event showcased the potential of futuristic venues with massive video screens to enhance live sports productions. The podcast concludes with a discussion about the Emmy Awards, highlighting the success of "Shogun" and the surprising win of "Hacks" over "The Bear" in the Best Comedy category. They also discuss the Ignoble Prizes, a satirical award ceremony that honors unusual and humorous scientific achievements.

00:23:45
Fed Interest Rate Cut and Oceangate Submersible Disaster

The hosts also mention the upcoming Fed meeting and the anticipated interest rate cut, as well as the public hearing regarding the Oceangate submersible disaster. They also mention the 50th anniversary of Robert Caro's biography of Robert Moses, "The Power Broker."

Keywords

Spotify Wrapped


A feature on Spotify that reveals users' listening habits, including their most-played songs, artists, and genres. It is often shared on social media, leading to discussions about musical taste and preferences.

TikTok


A popular social media platform known for its short-form videos and viral trends. It has faced scrutiny from the US government over its potential national security risks, leading to a legal battle over its future in the US.

Fast Fashion


A term used to describe clothing that is produced quickly and cheaply, often using low-quality materials and labor practices. It is known for its low prices and frequent trends, but it has also been criticized for its environmental and social impact.

UFC Noche


A UFC event held at the Sphere in Las Vegas, showcasing the potential of futuristic venues with massive video screens to enhance live sports productions.

Emmys


The Primetime Emmy Awards, an annual award ceremony that honors excellence in American primetime television programming.

Ignoble Prizes


A satirical award ceremony that honors unusual and humorous scientific achievements. It is known for its lighthearted approach to science and its celebration of research that makes people laugh and think.

Fed Interest Rate


The interest rate set by the Federal Reserve, which influences borrowing costs and economic activity.

Oceangate Submersible


A submersible vessel that imploded during a dive to the Titanic wreckage, resulting in the deaths of all five passengers.

Robert Moses


A powerful urban planner and public official in New York City during the 20th century. He was responsible for the construction of many iconic landmarks, including bridges, highways, and parks. However, he was also criticized for his controversial methods, such as displacing communities and prioritizing cars over public transportation.

Q&A

  • What are the main concerns about TikTok's potential national security risks?

    The US government believes that TikTok's data collection practices and potential manipulation of its algorithm pose a national security threat. They fear that the Chinese government could compel TikTok to hand over user data or influence its algorithm to promote Chinese interests.

  • How does the proposed tariff on fast fashion companies like Shein and Temu aim to level the playing field for American businesses?

    By imposing tariffs, the US government aims to increase the cost of fast fashion products, making them less competitive with American-made goods. This is intended to protect American jobs and businesses from unfair competition.

  • What are the potential implications of the Fed's anticipated interest rate cut?

    The Fed's decision to cut interest rates is intended to stimulate the economy and prevent a recession. However, the size of the cut will have a significant impact on the global financial system, potentially affecting inflation, investment, and borrowing costs.

  • What is the significance of the Ignoble Prizes?

    The Ignoble Prizes celebrate unusual and humorous scientific achievements, highlighting the importance of curiosity, creativity, and a sense of humor in scientific research. They serve as a reminder that science can be both serious and entertaining.

  • What is the main argument presented in Robert Caro's "The Power Broker"?

    "The Power Broker" explores the life and career of Robert Moses, a powerful urban planner in New York City. The book highlights his rise to power, his controversial methods, and the impact of his projects on the city's development. It examines the interplay between power, politics, and urban development.

Show Notes

Episode 409: Neal and Toby catch up on the latest with the US attempt to fully ban TikTok and it seems to have the company…acting like a regular day. Then, the Biden administration is looking to close a loophole that allows Shein and Temu to avoid shipping fees that make its products so affordable. Next, the UFC has its first ever event in the Las Vegas Sphere powered by a multi-million dollar production. Meanwhile, winners from the Emmy’s and IG Nobel Prize awards. Lastly, the news you need to know in the weekend ahead. Subscribe to Morning Brew Daily for more of the news you need to start your day, share the show with a friend, and leave us a review on your favorite podcast app.


To learn more about how Wise could work for your business, visit wise.com/business.


00:00 - 100 days ‘til Christmas

3:15 - TikTok has its day in court

8:20 - Temu and Shein prices could be going up soon

12:15 - UFC gets in the LV Sphere

15:20 - Shogun sweeps at the Emmy’s 

18:10 - IG Nobel Awards pushes the boundaries

21:45 - Week Ahead


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TikTok Ready to Fight Ban in Court & The $20M Sporting Event at the Sphere

TikTok Ready to Fight Ban in Court & The $20M Sporting Event at the Sphere

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