Motley Fool Money China Protests Hit U.S. Stocks, NFL Viewing Hits New Record
Nov 28, 2022
Jason Moser and Bill Mann, both senior analysts at Motley Fool, dive into the implications of recent protests in China on global markets. Moser highlights record Black Friday sales and the competitive landscape of retail against giants like Amazon. Mann discusses alarming youth unemployment in China and the debt struggles faced by municipalities, shedding light on how this affects U.S. companies like Apple. Their insights provide a fascinating look at the intersection of local upheavals and international business challenges.
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Record Black Friday Sales, But Debt Concerns Loom
- Black Friday sales hit a new record of $9 billion, up 12% year over year, exceeding expectations.
- Buy Now, Pay Later payments surged 78%, raising concerns about consumer debt levels.
Amazon Faces Increased Competition
- Amazon faced stiffer competition this Black Friday, falling behind Walmart, Target, and Kohl's in online searches.
- This highlights the growing importance of diverse online and mobile shopping options for consumers.
NFL Viewership Soars on Thanksgiving
- Thanksgiving Day NFL games set viewership records, demonstrating the enduring appeal of live sports.
- The Giants-Cowboys game drew 42 million viewers, the most ever for a regular season game.