Morning Brew Daily
Morning Brew Daily

Market Tumbles After Jobs Report & Nasdaq Wants to Trade Around the Clock

December 17, 2025

AI Summary

5 min read

🎙️ The Voices & The Context

  • The Format: This fast-paced host-driven news roundup connects daily economic headlines to broader market impacts through witty banter and rapid analysis, delivering business insights in an energetic, playful tone.
  • The Format: A casual host discussion on current business news.
  • The Key Players:
    • Hosts: Neil Framan and Toby Howell, whose sharp chemistry shines in playful jabs—like Neil's precise decimal breakdowns countering Toby's doom-and-gloom stats—while dissecting economic data and headlines with insider humor.

🗝️ Key Themes & Topics

The episode covers timely business news with a focus on labor markets, Fed leadership, trading evolution, and gig economy battles, blending data dives with cultural asides.

  • Topic 1: Disappointing Jobs Report. Hosts unpack the late November jobs data showing only 64,000 jobs added, a revised October loss of 105,000, unemployment at 4.6% (highest since 2021), slowing wage growth, and youth unemployment at 10.6%; healthcare drives gains while manufacturing slumps, amid government distortions from DOGE cuts—Neil highlights "green flags" like private payrolls averaging 175,000 monthly, but Toby stresses structural weakness below replacement levels.
  • Topic 2: Fed Chair Race Heats Up. Trump narrows to two Kevins—Hassett (White House advisor pushing low rates) vs. Warsh (ex-Fe

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What you'll learn

  • 1 (00:36) **Show Intro & Teasers**
  • 2 (00:56) **Google Earth Spoils TV Shows**
  • 3 (03:02) **November Jobs Report Breakdown**
  • 4 (08:13) **Race for Next Fed Chair**
  • 5 (11:47) **NASDAQ Pushes for 23-Hour Trading**
  • 6 (18:05) **Uber/DoorDash Sue NYC Over Tipping Law**
  • 7 (22:25) **Final Headlines**

+ Full timestamped outline available in the app

Show Notes

Episode 737: Neal and Toby explain why the jobs report sent the market tumbling on Tuesday. Then, the latest on the race to be the next fed chair and why Nasdaq wants to trade around the clock. Next, Uber and Doordash are against a tipping law in New York and the headlines you need to know to start your day. 

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