Macy’s Panics Over $154M Expense Cover Up & Space Rocket Wars Heat Up

Morning Brew Daily

Episode 461: Neal and Toby chat about the damage control Macy’s is having to do after finding out an employee hid $154M in delivery expense from its books, right before its earnings call. Then, California Governor Gavin Newsom offers a tax credit to counteract the possible repeal of a federal tax credit for EVs by the Trump administration. Meanwhile, Toby looks at the trend of basic coding becoming less popular, and now it’s all about AI coding. Lastly, the biggest headlines to know to end your day.

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00:00 - Trump Proposed Tariffs

03:00 - Macy’s Missing $154M

07:55 - California EV Rebate

12:00 - RocketLab vs SpaceX

17:20 - Toby’s Trends

22:20 - Headlines

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