Bloomberg Surveillance
Bloomberg Surveillance: Inflation Data Moving Markets
Feb 9, 2024
In this podcast, guests Ed Yardeni, Jurrien Timmer, Amrita Sen, and Lisa Mateo discuss various topics such as market performance, concerns about earnings, technology and productivity, sector ETFs, peak oil demand, transportation challenges for World Cup finals, and Gen Z payments.
30:50
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Quick takeaways
- Younger demographics are driving increased spending on Super Bowl parties, with 80% of the spending going towards food and drink.
- To address transportation challenges during major events at MetLife Stadium, state legislators have allocated $35 million to design a dedicated transit system using buses with exclusive lanes on the New Jersey Turnpike.
Deep dives
Super Bowl Spending Reaches $17.3 Billion
According to the National Retail Federation, Americans plan to spend $17.3 billion on the Super Bowl, with 80% of that spending going towards food and drink. The increase in spending can be attributed to a younger demographic now hosting their own Super Bowl parties. The top three food items for the event are wings, pizza, and salsa dips and spreads. This shift reflects the preferences of the new generation of Super Bowl watchers.
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