Morning Brew Daily Hollywood Actors Set To Strike & Good Inflation News Sends Markets Soaring
Jul 13, 2023
Actors and writers in Hollywood may strike together for the first time in over 60 years, pushing for fair royalties and protections against AI. Inflation has dropped to 3%, but challenges remain for the economy. Domino's teams up with Uber Eats to adapt to changing consumer habits, although this partnership may alter their iconic delivery features. Meanwhile, the film-watching trend of 'Barbenheimer' is taking audiences by storm, and the craft beer industry faces its own hurdles with the closure of a beloved brewery.
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Resurgence of Labor Movement
- There's a resurgent labor movement in California with various worker groups striking.
- This reflects a broader trend of workers and unions gaining more power.
Cooling Inflation
- Inflation cooled to 3%, a two-year low, with core inflation rising only 0.2%.
- While positive, this might not deter the Fed from further rate hikes as it's still above their 2% target.
Rising Costs
- Car repair costs are up 20% year-over-year due to labor and part shortages, and older cars.
- Rents, a major inflation driver, are still rising in official data despite private reports showing declines.