Americans Are Spending Like No Tomorrow & Dell Surge Lifts Trump’s Portfolio
5/29/202628 min
#856: Retail stocks are surging thanks to US shoppers continuing to spend, spend, spend (even if it’s squeezing their budgets). Anthropic surpasses OpenAI as the most valuable AI startup. Dell wins a $9.7B Pentagon deal. JPMorgan owes an ex-employee $4.25M for wrongful termination. Finally, Blue Origin’s attempted launch ends in a spectacular explosion (no one was hurt). Learn more at Linkedin.com/MBD Sign up to join our trivia night! https://mbdtrivianight-june2026.splashthat.com/ 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. Listen to Morning Brew Daily Here: https://www.swap.fm/l/mbd-note Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsSpeaker 00:00
[upbeat music] Ready to soundtrack your summer? With Red Bull Summer All Day Play, you choose a playlist that fits your summer vibe the best. Are you a festival fanatic, a deep end DJ, a road dog, or a trail mixer? Just add a song to your chosen playlist and put your summer on track. [crowd cheering] Red Bull Summer All Day Play. Red Bull gives you wings. Visit redbull.com/brightsummerahead to learn more. See ya this summer.
Neal Freyman· Host0:25
[upbeat music] Good morning, Brew Daily Show. I'm Neal Freyman.
Toby Howell· Host0:31
And I'm Toby Howell.
Neal Freyman· Host0:31
Today, JP Morgan's salami incident is its latest tabloid scandal.
Toby Howell· Host0:36
Then, on your left, OpenAI. Anthropic now has a bigger valuation than its chief rival. It's Friday, May 29th. [crowd cheering] Let's ride.
Neal Freyman· Host0:45
[upbeat music] Good morning and happy Friday. Anyone catch the spelling bee last night? N-O? Well, it was electric. Trey Parikh, a 14-year-old eighth-grader from California, defeated 12-year-old Eshan Gupta of Jersey City in a sudden death spell-off to win $50,000 in his final year of eligibility. When the heavyweight battle was deadlocked after the ninth round, the judges declared a spell-off, which means these kids had to spell as many incredibly obscure words as they could in 90 seconds. Trey nailed 32 of them, the most in a spell-off ever, while Eshan managed 25. Toby, in this age of AI, it's nice to know that the kids are still reading books, even if it's just memorizing the dictionary.
Toby Howell· Host1:28
[laughs] I loved the shootout style