The Lakers Just Became the Most Highly Valued Sports Team Ever. Again.
Summary
Inflation cooled to 3.4% in July, easing pressure on the Fed to raise rates, while U.S. stocks rose. A group led by Bob Iger agreed to buy the Los Angeles Lakers for a record $12.5 billion. Meanwhile, StubHub reported record revenue despite facing criticism over delayed refunds and customer service issues following World Cup ticket failures.
Topics discussed
Sponsor: ReliaQuest Agentic Defense
Intro: Inflation, Lakers Sale, StubHub Refunds
Inflation Cools to 3.4% in July
Stocks Rise; Form Energy Raises $750M
Media Orgs Sue Trump Over Truth Social Feed
Wisconsin Gov Race & Press Secretary Resigns
Sponsor: Viking River Cruises
Lakers Sold for Record $12.5 Billion
StubHub World Cup Ticket Issues & Refunds
Outro and AI Sponsor Message
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