Bloomberg Surveillance: Tech Earnings and the Middle East
Jan 30, 2024
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Economist Claudia Sahm, Adm. James Stravidis, and equity strategist Nadia Lovell discuss tech earnings, US reaction to Iran, market state and small cap stocks in 2024, and the influence of celebrities on voting and expensive Super Bowl ads.
General Motors is facing pressure to develop more hybrid vehicles due to concerns from dealerships about customer demand.
President Biden's aides are reaching out to popular figures like Taylor Swift for endorsements to mobilize key demographics in support of the administration.
Deep dives
GM feels pressure from dealers to make hybrids
General Motors is facing pressure from dealerships to develop more hybrid vehicles. Dealers have expressed concerns about losing customers who are not yet ready to make the full switch to electric vehicles. While GM is listening to these concerns, they have not made any commitments to future hybrid models.
President Biden courts potential endorsements
President Biden's aides are reaching out to figures like Taylor Swift for potential endorsements. Swift endorsed Biden in 2020 and has shown significant influence in encouraging voter registrations. The hope is that endorsers like Swift can help mobilize and engage key demographics in support of the administration.
Super Bowl tickets reach all-time high prices
Tickets for the Super Bowl between the Chiefs and the 49ers are at an all-time high price of $9,800. This is a testament to the immense popularity and demand for the event. Super Bowl commercials are also known to be highly prized, with companies paying millions of dollars for just a 30-second ad slot.
CBS benefits from hosting Super Bowl in Vegas
CBS has the broadcast rights for the Super Bowl this year, and they are thrilled about hosting the event in Las Vegas. The combination of the biggest show in football and the entertainment capital of the world is seen as a perfect marketing opportunity. The close proximity of California to Vegas also means an influx of visitors from the state.
Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene and Paul SweeneyTuesday January 30th, 2024 Featuring:
Claudia Sahm, Sahm Consulting Founder, on the economy
Adm. James Stravidis, Bloomberg Opinion columnist, on US reaction to Iran
Nadia Lovell, UBS Senior U.S. Equity Strategist, Global Wealth Management on markets
Bloomberg's Lisa Mateo with her Newspaper Headlines