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Bloomberg Businessweek
Broadcasting Live from the US Open
Aug 30, 2024
Molly Smith, an Economics Editor, shares insights into the recent 0.2% advancement in US core PCE, reinforcing interest rate cut plans. Ira Boudway, a Business of Sports Reporter, dives into private equity’s booming interest in the $30 billion youth sports industry. Gillian Tan, a Senior Reporter, discusses how this year’s hottest tickets at the US Open are free, showcasing celebrity culture’s immense influence on sports attendance and marketing. Together, they blend economics and sports in a lively discussion around youth athletics.
34:21
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- The US economy shows subtle signs of inflation and improved household spending, prompting potential interest rate cuts by the Federal Reserve.
- Private equity firms are increasingly investing in the youth sports industry, raising concerns about affordability and access for lower-income families.
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