Morning Brew Daily Is Election Anxiety Slowing the Economy? & Gold Keeps On Shining
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Oct 25, 2024 Explore how election anxiety is dampening consumer spending and affecting businesses. Keurig's bold acquisition of Ghost energy drink signals a booming market for caffeinated beverages. Gold prices soar to new heights, showcasing its status as a safe-haven asset during global uncertainty. Learn about Philip Morris's shift in strategy compared to Altria, and dive into Tesla's stock performance and food safety scandals. Plus, hear the inspiring story of a sprinter who lived to be 108!
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Temporary Economic Blip
- Presidential elections cause short-term economic slowdowns, but spending rebounds quickly afterward.
- This pattern is evident in sectors like housing, where sales dip during election years and recover in odd years.
Election Anxiety
- Consumers hesitate on big purchases before elections due to policy uncertainty.
- This 'wait-and-see' approach affects various businesses, from real estate to appliances.
Energy Drink Boom
- Keurig Dr. Pepper's acquisition of Ghost energy drink signals a growing energy drink market.
- Ghost targets younger consumers through partnerships with brands like Sour Patch Kids and Oreos.