What Biden Dropping Out Means for Markets & The IT Outage That Halted Almost Everything

Episode 370: Neal and Toby discuss Joe Biden dropping out of the 2024 Presidential race and throwing his support behind VP Kamala Harris. The guys explain how this will impact markets, fundraising, and the significance of Biden releasing the statement on 'X' before anywhere else. Next, the biggest global IT outage ever happened over the weekend after an update from CrowdStrike went wrong and took out airlines, banks, 9-1-1 call centers and much more. Also, 'Twisters' raked it in at the box office and Bruce Springsteen is officially a billionaire. Then a Chinese company is creating AI Avatars to mimic deceased loved ones. And finally, what we are watching for this week. Checkout https://beehiiv.link/morning-brew-daily and get a 30 day free trial and also 20% off 3 months with code BREW Get your Morning Brew Daily T-Shirt HERE: https://shop.morningbrew.com/products/morning-brew-radio-t-shirt?_pos=1&_sid=6b0bc409d&_ss=r&variant=45353879044316  Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow 00:00 - Intro 02:50 - Joe Biden drops out 08:30 - Global IT Outage 14:30 - Winners of the weekend 21:00 - AI Avatars 24:00 Week ahead Learn more about your ad choices. Visit megaphone.fm/adchoices