Bloomberg Intelligence
Bloomberg Intelligence: Black Friday Special
Nov 29, 2024
Daniel Loria, Editorial Director at The Boxoffice Company, shares insights on the film industry's bright future, highlighting anticipated blockbusters like 'Wicked' and 'Moana 2.' The discussion touches on the resurgence of box office attendance and audiences' eagerness for theatrical experiences following the pandemic. Loria also forecasts a promising outlook for Hollywood as it navigates challenges and strives to captivate moviegoers. There's a buzz about the evolving dynamics of the holiday season in retail and entertainment.
34:22
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Quick takeaways
- This Black Friday highlights a resilient consumer willing to spend, despite economic challenges and a competitive promotional landscape.
- Amidst fluctuating economic conditions, diversified traditional investments are advised for wealth preservation, as cryptocurrencies are seen as unreliable.
Deep dives
Economic Implications of Trump's Policies
The impact of Donald Trump's economic agenda, characterized by tax cuts and tariffs, has been critically analyzed. While these policies may spur short-term economic growth by promoting a business-friendly environment, they also carry the risk of increasing inflation and undermining long-term growth prospects. Specific examples include proposed tariffs against trade partners like Mexico, Canada, and China, potentially reaching as high as 20%. This could result in significant inflationary pressures, especially with the suggestion of major tax cuts that might add approximately $8 trillion to the deficit.
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