Trump Accounts Are Now Live & Philosophy Majors Find Work in AI

**SPEAKER_1** (0:01)
Are you sucking wind from trying to keep up with AI and its impact? Take a breather and tune in to The Intelligence Shift, Morning Brew's new podcast with PwC. It bridges the gap between big picture AI concepts and what it actually means in practice. Host Dan Priest is joined by expert guests to discuss AI's role in sports, music, HR, and more. Listen to The Intelligence Shift wherever you get your podcasts.

**Neal Freyman** (0:27)
Good Morning Brew Daily show. I'm Neal Freyman.

**Toby Howell** (0:31)
And I'm Toby Howell.

**Neal Freyman** (0:32)
Today, what you need to know about Trump accounts, which are now live.

**Toby Howell** (0:36)
Then, scientists created something that resembles a cell from scratch for the very first time. It's Monday, July 6th. Let's ride.

**Neal Freyman** (0:56)
My, oh my, what a Fourth of July weekend. Scorching heat, lightning storms, fireworks, and I'm still recovering from a wedding I went to on Friday night at Madison Square Garden. Toby, you alive?

**Toby Howell** (1:08)
Barely, Neal. I'm actually recording this from the Airport Holiday Inn Express in Detroit. My flight into New York got canceled yesterday due to all the rain, but I'm feeling good and happy to be here.

**Neal Freyman** (1:19)
Great, so we thought we'd seen it all at the World Cup, but the drama only cranked up yesterday when FIFA surprised everyone by announcing that USA's star striker, Fullerin Baligan, would be allowed to play against Belgium tonight. In the previous game, Baligan received a controversial red card, which per FIFA's rules, would bar him from competing in the next match. However, in a highly unusual move, that suspension got suspended and Baligan will be available to the delight of American fans and the disgust of the Belgians. Looks like President Trump may have something to do with this.

**Toby Howell** (1:52)
Yeah, all of FIFA's rules are like, there's a million articles and subsections, but actually every decision is going to be made by some unnamed dudes in a smoky back room. Yes, Trump and Commerce Secretary Howard Lugnick and a team of lawyers were involved in this. Specifically, they looked at how slow motion replay was used improperly to give the first red card out. Trump also called FIFA president Gianni Infantino, who he is close with directly, and Infantino agreed to look into it. So if I was a Belgium fan, I would feel extremely hard done by because a lot of buttons were pressed to get this overturned. But as a US fan, the euphoria I felt when that push notification hit my phone, that was unreal, Baligan hat trick incoming.

**Neal Freyman** (2:37)
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**Toby Howell** (2:43)
Running the marathon? Yeah, you have. You've mentioned it to everyone. We all know.

**Neal Freyman** (2:48)
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**Neal Freyman** (3:03)
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**Toby Howell** (3:14)
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**Neal Freyman** (3:26)
This morning, the world's two largest stock exchanges, New York and the NASDAQ, will bury their rivalry to ring the opening bell together for the first time in a historic Oval Office ceremony. The reason behind all the pomp and circumstance is Trump accounts are now live. It's understandable if you missed this on July 4th, but tax advantage investment accounts for kids, which the president branded Trump accounts, officially launched on Saturday. That means millions of babies are the newest shareholders in America's largest corporations, beware hostile takeovers. So here's how this works. Basically, it's a savings account for children under 18 that invests in a low cost index fund tracking the S&P 500 The sweetener is that for babies born between 2025 and 2028, they'll get $1,000 in seed money from the Treasury Department. Other children may be eligible for money too, thanks to a pledge from billionaire Michael Dell and several companies to support the program. Treasury Secretary Scott Bessent said the goal is to get more people invested in the stock market at a very early age so they can reap the rewards of compounding growth. Bessent noted that 40% of Americans have no exposure to US equities and have no stake in the wealth they help to create. He said that Trump accounts, quote, represent a profound re-imagining of that arrangement. Toby, I am looking forward to seeing little Timmy go full Carl Icahn on the Board of Directors.