A New Southwest Air Arrives & US Dollar Dips to 4-Yr Low

Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, why did Amazon pay $75,000,000 for the Melania documentary? Then you won't believe how much money Southwest expects to make off its seating changes. It's Friday, January 30. Let's ride. Good morning, and happy Friday. Major announcement incoming. President Trump said he's going to reveal his pick to become the next Fed chair this morning, and all signs indicate it's going to be Kevin Warsh. Warsh is a former Fed governor who was actually passed over for the job in 2017 by the current Fed chair, Jerome Powell. He's known for his previously hawkish views on inflation, which means he supported higher interest rates. Though in recent months, he's publicly called for lower rates, likely a key factor in securing Trump's support. If nominated and confirmed, he'll take over for Powell whose terms ends in May. How did the market react to this breaking news? Stocks fell, treasury yields rose, and the dollar also rose. The trades basically reflected speculation that worse is gonna be a little less enthusiastic to cut rates than maybe other candidates would have been. But as you said, that tune changed of late, so then it leads to some questions about is he driven by data or is he driven by who's in the presidency? Because if you change your tune after many years of being hawkish on a monetary policy to suddenly being dovish and much more amenable to rate cuts, then you're saying, what do you actually stand for, dude? But the market's kinda trading on what the body of his career work has been rather than his recent, change to being more open to rate cuts. We'll see. Anyway, you never know with Trump. He actually could change his mind as of this morning, but it's looking like goodbye, J Powe, and hello, wars. And now a word from our sponsor, sandals. Neil, what what do you look for in a vacation? I just wanna go somewhere where I can relax, read a good book by the pool, and clear my head a bit. Is that so much to ask? Wow, man. You sound pretty stressed, which is crazy because you get to spend every day with me. But sounds like you'd also like Sandals Resorts, get away from it all at The Caribbean's best beaches, powdered white sand and turquoise waters, and not a worry on your mind. Sandals adult only resorts lets you explore The Caribbean's most beautiful islands like Barbados, Jamaica, Saint Lucia, and more. There is no better place to experience The Caribbean than at resorts founded by a family from The Caribbean. The winter blue sale is now on, so visit sandals.com for the best all inclusive value in The Caribbean. That's sandals.com. Apple still hasn't figured out its AI strategy, but you know what's better than AI? An iPhone, and they sold a lot of them last quarter. Reporting earnings yesterday, Apple notched …