Scott Bessent Fails to Calm Bond Market & This Chinese Movie is So Bad, It’s Good
Summary
Hosts Neil Freiman and Toby Howell discuss Treasury Secretary Scott Bessent’s failed attempt to calm bond yields, highlighting tensions with Fed Chair Kevin Warsh. They analyze Walmart’s slowing sales due to high gas prices and Nike’s 80% stock decline amid rising competition. The episode also covers the viral success of the low-budget Chinese film "New Lie," recent FDA food recalls, and a US Army recruitment incentive tied to Grand Theft Auto.
Topics discussed
Intro: The Intelligence Shift podcast and Morning Brew Daily Show
Host banter: Toby's wedding, Neil's birthday, and Rubrik ad
Bond market turmoil: Scott Bessent's failed intervention and Fed clash
Walmart earnings: Slowing sales, gas prices, and retail consumer trends
Stock of the Week: 'Niu Lai,' the so-bad-it's-good Chinese movie hit
Sponsors: New York Life and Amazon Ads
Dog of the Week: Nike's 80% stock drop and brand struggles
Headlines: FDA food recalls and E. coli outbreak in berries
Headlines: Army recruits soldiers with GTA VI release pass
Headlines: US Open Honey Deuce price and show credits
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