S&P 500’s Worst Day of the Year & GLP-1s Are Costing Retailers in Returns
6/8/202628 min
#862: Neal and Toby talk about how the Nasdaq and S&P 500 suffered the worst day of the year. Plus, why Americans on GLP-1s are overwhelming retailers with increased returns and why the Bears’ Indiana move isn’t final despite celebrations. Finally, who won the Tony’s? To learn more visit https://www.sage.com/morningbrew 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 This is a paid advertisement. Today's episode of the Morning Brew Daily Show is brought to you by Sage — a trusted global provider and leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses. The following commentary reflects general information about Sage and its products. Specific features, capabilities, and availability may vary by product, region, and customer requirements. To find out more, visit sage.com/morningbrew. Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsSpeaker 00:00
[upbeat music] Whether you're hitting the road this summer or just parking for some peace of mind, AT&T Connected Car turns your vehicle into a wifi hotspot with fast, reliable, and secure internet access. You can connect multiple devices to stream, browse, play games, or get a little work done all inside or in proximity outside of your vehicle. To learn more, head to att.com/morningbrew. That's att.com/morningbrew. Requires eligible vehicle, service, and coverage not available everywhere.
Neal Freyman· Host0:31
[upbeat music] Good Morning Brew Daily Show. I'm Neil Freyman.
Toby Howell· Host0:35
And I'm Toby Howell.
Neal Freyman· Host0:36
Today, the stock market's blistering rally came to a screeching halt.
Toby Howell· Host0:40
Then GLP-1 drugs are leading to returnflation, much to retailers' chagrin. It's Monday, June 8th.
Neal Freyman· Host0:47
Let's ride. [upbeat music] Good morning. It's great to be back, and huge thanks to our team for holding down the fort while we were out late last week. Folks, I'm hurting. Don't go to a Toby Howell bachelor party if you haven't been through Marine Corps basic training. Got gashes on my hands and knees, a severe sunburn on my neck, and a demoralized ego. Overall, the nine of us competed across 18 events, including basketball, beer mile, punt, pass, kick, paddleboarding, home run derby, pushups, and I came in last place. Thought I was mildly athletic, but then again, I've never competed against a bunch of D1 soccer players. Toby, don't know about you, I'm excited to just sit for a