Matt Phillips

Senior Markets Correspondent at Sherwood News. Ex-NYT, Axios, WSJ, QZ. Banjo/mando player. ❤️ ≠ ❤️. Opinions, vengeance mine.
PGP:

[Matt Phillips @MatthewPhillips]

@scottlincicome Toyota’s biggest factory in the world is in Kentucky.

[Matt Phillips @MatthewPhillips]

@Birdyword Dude, don’t jinx it.

[Matt Phillips @MatthewPhillips]

@Ritholtz The market’s Cronkite?

[Matt Phillips @MatthewPhillips]

@M_C_Klein I heard of no person making such a bet. If I had I would have taken the other side!

[Sherwood News @sherwood_news]

Cord-cutters spent a few years in relatively ad-free paradise, but that's coming to an end as streaming platforms shoehorn in more and more commercials. @jonkeegan crunched the numbers to find out which services give you the most (and least) bang for your buck. Link below:

[Matt Phillips @MatthewPhillips]

Worst day ever for Idaho in stock market history.

[Sherwood News @sherwood_news]

Elon Musk is using the sheer force of his will and wealth to reshape an area in the Lone Star State — whether the locals like it or not. Link to full story below ⬇️

[Matt Phillips @MatthewPhillips]

@maxabelson Dude, congrats.

[Jack Raines @Jack_Raines]

Highly, highly recommend wearing matching wolf shirts with your absolute boys and discussing financial markets.

[Matt Phillips @MatthewPhillips]

@murphymike @HacksOnTap Sir, huge fan. But on the topic of Anglo-American relations, I’ve heard you TWICE misspeak on something close to my heart. It was not Churchill who said, “When the facts change I change my mind,” it’s usually attributed to Keynes, though he likely didn’t say it either!

[Matt Phillips @MatthewPhillips]

@Claudia_Sahm Huge fan, but it seems to me the US didn’t fall into a recession because fiscal side pumped in trillions of dollars in, as the Fed was tightening not unlike Volcker in the early 1980s. Absent massive prolonged deficit spending, economy would have tanked. What say you?

[Matt Phillips @MatthewPhillips]

@TimFernholz This was a great piece man!

[Matt Phillips @MatthewPhillips]

@EdwardGLuce This is exactly right. But even talking about America First — which is at least a coherent ideological position — underplays what a delusional nut Ford was. Antisemitism, reincarnation, I’m mean he made the Model T, but he was certifiable. See the Times story below ...

[Matt Phillips @MatthewPhillips]

@johnauthers I wonder if this is driven in some way by the Kalshi decision opening up more electoral betting in the states.

[Matt Phillips @MatthewPhillips]

Ahem...A bit early. But not a bad call, if I do say myself.

[Sherwood News @sherwood_news]

Final Boss is a new Q&A series where we sit down with the chief executives leading some of America’s most interesting companies. First up is @LuisvonAhn and Duolingo: https://t.co/XeLe7uOkVk

[Sherwood News @sherwood_news]

We mapped out all the AI companies that the CIA has invested in over on our site—check it out: https://t.co/bTOEb7poTH

[Nick Timiraos @NickTimiraos]

The Federal Reserve cut rates by 50 bps.

The median projection has two more 25 bps rate cuts in 2024, for a total of 100 bps this year.

Fed governor Miki Bowman dissented in favor of a smaller 25 bps cut. It's the first dissent by a *governor* since 2005.

[Sherwood News @sherwood_news]

Media and tech companies poured hundreds of millions of dollars into Hollywood as they built shiny new streaming services. Now that the tide has receded, film and TV workers are left behind: https://t.co/JgigB66u7F

[Matt Phillips @MatthewPhillips]

@murphymike @MeetThePress Huge fan! Good luck!