š Disneyās new CEO will beā¦
Good morning, Quartz readers!
HEREāS WHAT YOU NEED TO KNOW
McDonaldās thinks the Donald Trump McDonaldās campaign stunt was a little weird. The fast food giant clarified that it had nothing to do with arranging Trumpās pretending to work the drive-through.
Meanwhile, Trumpās Social Security plan is getting poor marks. His tax cuts and spending plans, says The Committee for a Responsible Federal Budget, would empty the agencyās coffers years ahead of schedule.
Disney (DIS) is announcing that a CEO announcement will eventually be soon forthcoming. Presented like a new Marvel movie phase, Bob Igerās replacement will debut in early 2026.
Goldman Sachs (GS) is yelling last call at the stock market punch bowl. The bank says double-digit S&P 500 growth is coming to an end.
Tim Cook uses a nifty phrase to defend Appleās (AAPL) late AI start. It consists of an n-word, an f-word, and two b-words.
It might all come down to this for Boeing
After nearly a month hemorrhaging cash and the goodwill of its workforce, Boeing (BA) might finally have a chance to end its machinistsā strike. But it will depend on whether the machinists say so.
The workers are voting on a new contract offer, one sweeter than both the initial agreement they rejected and what Boeing said was its ābest and final offer.ā If they vote it down, the planemarkerās future will get very weird very quickly.
Is a five-percentage-point difference in wage increase positions enough to bring Boeing back from the brink? Quartzās Melvin Backman lays out the stakes of a ratification vote coming this week.
You can soon bet on othersā bets about Bitcoin
In June, the Securities and Exchange Commission approved ETFs based on Bitcoin. Now, the agency will allow investors to trade in options on those ETFs.
The meta-assets will open a new frontier in the world of cryptocurrency trading. That said, it also gives the ābig fishā of finance another means of pushing around prices in the sector.
How should ordinary investors think about this latest Bitcoin development? Quartzās Vinamrata Chaturvedi breaks down the SECās move.
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š Hugh Hefnerās son wants to buy Playboy back from its SPACĀ
š² Chick-fil-A is building an app that will pair chicken with games, shows, and podcastsĀ
āļø Spirit Airlines got more time to not go bankrupt
š§ Analysts are skeptical that Apple Intelligence with drive Apple sales
š„ The Southwest Airlines-Elliott Investment Management proxy fight could end in detente
āļø The CTO of Samās Club decided to quit instead of moving to Arkansas for RTO
SURPRISING DISCOVERIES
Finance people get confused by Industry, too. They think the HBO (WBD) banking dramaās jargon makes more sense than some of its spreadsheets and stock moves. (paywall)
Giving people money to vote might not be legal. An Elon Musk scheme to give $1 million to signees of an election pledge is raising attorney eyebrows.
Ellie the Elephant does bat mitzvahs. Even before the WNBAās New York Liberty won this yearās championship, their twerking mascot was very popular (and lucrative).
The future of fashion retail has TikTok brain. A new store concept aimed at Gen Z swaps out brands quickly and puts big flashing screens everywhere.
The U.S. military has an AI that uses real-life combat moves as training prompts. The technology, called CamoGPT, āimproves productivity and operational readiness at all echelons.ā
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Our best wishes on a safe start to the day. Send any news, comments, Disney CEO teaser trailers, and CamoGPT prompts to [email protected]. Todayās Daily Brief was brought to you by Melvin Backman and Audrey McNamara.