Morning Brew Daily
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Fed Nom Kevin Warsh Faces Congressional Heat & Trump Wants to Save Spirit Air

April 22, 2026

AI Summary

5 min read

Kevin Warsh, the former Fed governor tapped by President Trump to replace Jerome Powell as chair of the Federal Reserve, faced the Senate Banking Committee yesterday in a confirmation hearing that tested his ability to walk a tightrope between the White House and Wall Street. Meanwhile, Trump went on CNBC before the hearing and said he'd be "very disappointed" if Warsh didn't immediately cut rates — complicating Warsh's opening message that he would be "an independent actor" if confirmed. Elsewhere, Trump signaled he wants a buyer for bankrupt Spirit Airlines, the UK passed a generational smoking ban, and a San Francisco boutique run entirely by an AI agent named Luna is losing money but making headlines.

Warsh's Confirmation Hearing: Independence vs. Loyalty

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What you'll learn

  • 1 (00:31) **Show Open & Earth Day Trivia** - Neil and Toby welcome listeners, celebrate Earth Day, and pose a mind-bending anagram puzzle from Will Shortz.
  • 2 (02:54) **Kevin Warsh's Confirmation Hearing** - The former Fed Governor faces the Senate Banking Committee, navigating questions on Fed independence and rate cuts.
  • 3 (05:25) **Warsh's Plan to Overhaul Fed Communication** - The nominee proposes a radical reduction in the Fed's public messaging, including ending press conferences and dot plots.
  • 4 (08:11) **Trump Wants to Save Spirit Airlines** - President Trump tells CNBC he wants a buyer for bankrupt Spirit, sending its stock up 122% on the prospect of a government lifeline.
  • 5 (10:57) **UK Passes Generational Smoking Ban** - Parliament clears a bill making it illegal for anyone born on or after January 1, 2009 to ever buy cigarettes, starting in 2027.
  • 6 (14:46) **First AI-Run Retail Store Opens in San Francisco** - Andon Market is an experiment where an AI agent named Luna manages everything from hiring to inventory, with mixed results.
  • 7 (21:13) **Condom Prices to Rise Due to Iran War** - Karex, the world's largest condom manufacturer, plans to raise prices by up to 30% because of disruptions to oil-based raw materials.

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Guests on this episode

Show Notes

Episode 829: Neal and Toby recap the latest of Kevin Warsh’s confirmation hearing as he’s slated to become the next Fed Chair. Then, Trump thinks Spirit Airlines should be saved from bankruptcy. Over in the UK, children aged 17 or younger will no longer be allowed to buy cigarettes in an effort to prevent smoking-related deaths. Meanwhile, a store in SF is grabbing a lot of attention…because it’s run entirely by AI. Of course. 

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