Transcripts For RT Boom Bust 20240711

Thats ali baba alone, while black friday was once the now known for outrageous door busters that caused consumers to line up in front of Big Box Stores like target, walmart and best buy 2019 was the 1st year in which more people shopped online than in store. For the most part, sales figures have continued to trend up over the last 2 decades. But the copa 19 pandemic has thrown a wrench in the works. The fact that many stores will not have in person a bed due to the pandemic, as well as millions of americans facing unemployment and a lack of another stimulus package to put cash in a customers pockets, has many wondering what we can expect from this Holiday Shopping season, so lets get some expert analysis from dr. Vankin shankar, director of research at the center for retailing studies that made Business School at texas a and m. And dr. Barbara stuart, the coordinator of retailing and Consumer Sciences at the university of houston. Thank you both for being here today. Dr. Stuart, i want to start with you. Were seeing it changes black friday due to the pandemic and stores want to avoid crowds. What are some new trends that were already seeing for the black friday this year . Well, there are 3 aspects that will make this a black friday, like no other 1st me Online Shopping has exploded. Secondly, the seeds and his blanket and tell shopping. And thirdly, retail is innovative and agile. So on the on line explosion, as the panamic began and 90 percent of consumers change the way they shot 40 percent of people over the age of 60 tried Online Shopping for the very 1st time. And they just loved it so far. Holiday that means 90 percent of consumers intend to shop online with 70 percent of them, expecting to do most of their Holiday Shopping on line for black friday. That means that just under half will shop online for thanksgiving and just over half will shop black friday. So this makes a difference even said this isnt sure are a lot of this time if he and amazon prime set the pace by maybe prime day and talk to her old Consumer Holiday spending forward and retailers now the longer this season, the more revenue the major retail spot with black friday deals offered very early deals for days like walmart is a great example of that. 68 percent of consumers intend to shop earlier this year and the innovation in retail is rampant. Wonderful. Touchless retail touch books, check out Virtual Reality for dressing rooms all has changed. The face of retail will be for a black friday. Dr. Sheck are several stores. Some of these big stories that weve just talked about are not even expected to open this year. How is that going to change the way this Holiday Shopping season works, especially that big black friday weekend that we usually see all those sales . I think, as margaret said, we started the honey shopping very early. And so consumers are also wanting to shop online. So just the fact that many of the Stores Remain closed a lot to really affect a lot because people are factoring that into baking this into their decision making. And we are so hesitant to go out and stand in line anymore. And so that, that increases the confidence that consumers have. And the real issue is when there are consumers are going to end up buying more than the last year or not. So in some way, some projection last year we did about 730000000. 00 in sales during the holiday soft shopping this year were expecting to grow at 3. 6 to 40. 2 percent going to an hour or 2, maybe 755000000. 00 during the Holiday Shopping. And even though Stores Like Walmart target and all those major retailers are going to remain close on doing skipping day, people are not just shopping on thanksgiving day. Theyre shopping for the entire season. Cyber monday black friday in the whole weekend and subsequently so i dont think thats going to make a difference. Now, dr. Stuart, when we talk about all this, obviously we can look at the trends in the way people are spending. But what we have to point out here is we are in the middle of an economic turmoil. d due to, the copan, 1000. 00 pandemic, and here in of the u. S. , we have millions still unemployed. We dont have a stimulus package that they were hoping to put another 1200. 00 check in peoples pockets, which would help stimulate the economy during the shopping season. What are you seeing there . How is that going to affect things . Well, even though there are economic hard times for people, all the projections, all are upward, were the 2 years Holiday Shopping. 80 percent of consumers expect to spend more than they did last year, and that is just under a 1000. 00 a person. So thats really a fuel to the economy and maybe very useful in that way. And while Online Shopping has exploded, we also need to remember that 64 percent of consumers expect to stop shop in brick and Mortar Stores as well. We shop for many reasons, holiday and traditions are very important and people are willing to sacrifice in other ways. For family and friends and the traditions that they and maybe get a little replaced. Ringback and outlet for pandemic life. Back to what we look at the way we just talked about those economic conditions. Are we expecting people to rely more on credit cards this season to do their Christmas Shopping and maybe have to pay for it later . Yes and no, because people have always used credit cards. Now you need something, a man like and other means of payment. So theyre going to use all the means of payment. But more importantly, back to the stimulus. Checks that are being graded is the end of the stimulus checks. But from all the series that we have points out of the stimulus checks, they want to spend more money and im going to sacrifice their spending any less. So the point is that all these human modes and mechanisms accelerate army could still attain this spending, but consumers are in interest on shopping for an important occasion. I got one last question here. You know, amazon obviously the biggest ecommerce retailer here, but walmart and best buy and even target have really broadened out their on line offerings as well as many smaller local retailers are having online offering. Is this going to put any pressure on amazon moving forward as people start to maybe step away because they have other options . Oh, options are good. I mean, Small Businesses are really a winner, perhaps, as retail checkout, consideration, the value of Small Business and their ability to meet their needs to provide some differentiation and their service. Amazon is doing a huge business that others are rapidly in the taking on exceeding, and many different areas. So im sure well see a balance problem for dr. Barbara stewart, of the university of houston and dr. Vacation, car of the mays, Business School at texas a and m. Thank you both for breaking it down for us. Thank you. Rand. Thank you for all in a year that has been just about constant bad news. There are very few areas where we actually get quite a bit of good news. Its hard to find any area of the economy that has had a better year. Then bit coy, the Worlds Largest crypto currency has climbed to over 800000. 00 and appears to be headed back to its all time high of 20000. 00, those with the time to jump right into it. Joining us now to discuss our boom bust cohost, ben swann, and christiane, who are both. I might add excellent crypto analysts as well. Kristie. I want to start with you here. Why is because weve had such a great year and will continue to climb. Well this year has been absolutely incredible. A were not censored and there are many crashes. And as you talk about this well run, its come with me during the rally and back in 78 because this time was primarily institutional farai. Creating the bedrock that we really didnt have before. So we had a range of wall Street Investment firms that started to see like that, you know, the great grayscale in less than 10000000000 or its not since i read that, there were other Public Companies such as microstrip, where theyve made significant that some are now supporting peanuts, and since they arent, they basically rise to the Network Value or more people who adopt it the more parabolic later price rises. So this year we have substantial engagement from institutional players. Rather. Thank you readers more holy for while creating back and support. So this is only the beginning because they point to price will continue to rise and you know, honestly to use your actions. I think that the Stimulus Program and Government Program because im going to hear steve argue a plan is the only true as it were. The courts have gone. Its because theres only ever 21000000. 00 created and there would be no more. Thats pretty millions and surely manner of marketing. If youre going to grab her or as warrants call. Blackrock c. I. A. O. Of fixed income rick rider recently said that because it is quote here to stay thanks to millennial is openness to the cryptocurrency Digital Payments in general. Is that a fair reading of why . Because it is so strong on top of what christie said, which was all excellent. Yeah, everything she said was excellent. I think in terms of what rick said, in other breaking news, water is wet. Right . Is i get it. I think its pretty clear. Yes. The reason the big point is here to stay and it is here to stay and not just by the way, but all kinds of crypto currency is in Digital Currencies are here to stay. Yes, because you have a very tech savvy generation of users who also recognize that there has been a theft of value of the u. S. Dollar and of monetary systems around the world. I think thats one thing that, that is underscored not often enough when we talk about crypto. Now we underscore it here on the show a lot, but in other places when they talk about crypto currencies, its as if, hey, there is this cool new way of handling money. Its got nothing to do with it has everything to do with the theft of value. That takes place a crissy just finished your last statement. Why mentioning specifically the Federal Reserve write the printing of billions upon billions of dollars with no regard for the value of that currency. And i think what you see is, is generations of people that for a long time have seen this, at least for 100 years, have seen the problem with inflation. Theyve seen the problem with the Federal Reserve and what it could do, but they havent had a solution before. This is the solution. This is the answer to that theft of value. So yeah, i think absolutely. There are tech savvy enough to see the value in it. But it also, its a convergence of everything happening together, a convergence of the right time in history, the technology being in the right place and the understanding of what needs to happen in order for there to be a store value that someone can actually hold as opposed to about you, and its interesting that you mention because, i mean we were not we, but they used talk about google the same way. Hey, check out this new website. Its fancy. You could type anything into it and find all the information you need. Now its everyday life, so its interesting that you put that in the, those terms kristie. Were seeing some movement as of late in all coins, which seem to be bouncing thanks to big oil. What do we know at this point . So there are many, many are going to rising and, and the rich are going to let you come once you have your, you and little. So we might be seeing the beginnings of the old season right now or actually years into your life. So im going consolidates, im kind of doing it out, not mark points. And so, i mean, its not only the top market leaders that are rising in many of the other small passages, you know, president s, trauma and other relatively high beta test. Theyre now rising faster than declines because its all pointing trade against it. So its almost considered a leverage point play here. So theres a little bit of a reducing going on very similar to what markets as well. You see traders routinely ironies have been doing tackler really well such as they crash and a lot of deep lines over summer such as uni and really interesting. Shes on the what were racing is that have not participated in the rally. So you have now are getting a lot of attention. There are huge gains as well as the iraq protocol, which is going over 70 percent. So now you have the entire crypto markets have rising a 40000000000 with Global Trading volume at illiana. So this point season is going to be expect very, very different because were seeing the memory of projects that have survived the winter and theyre delivering on its promises the last season, were going to be able to articulate enough for the player and russia. Now these are the point that mature and the protocols are well hold until it hed like to defy space, which already has more than slow points of a 1000000000. 00 to value. You know, burn all coins are exactly keeping pace with because the way they did in 2017, why is it a little different this out around . Yeah, there not. Then i think a lot of that has to do with the fact that we go back to the very 1st question. It has to do with institutional money look. So that is so if bitcoin had stayed around 20000. 00 and only kept climbing after 2017, we were seeing a lot of i think christy put it nicer than i would, i would call it stupid money. There was a lot of stupid money, but it was over and to do at the time, heres the problem. Is that in 2017 and then going into 2018, that institutional money was going to buy into because at 25000, others a coin. And so the fact that coin came down and then rose up again, this time with institutional money. Sure. Because the institutional money wants to come in low, obviously, and then watch it grow. They dont want to come in when its i so that money is now in there. I think what were going to see now is kind of a search happening also in the Retail Market. So the Retail Market has not been where big rise is coming from this time around. Its coming from the that institutional market. I do think though, as, as we watch, but again, youre going to have Retail Investors who say i want to get involved investors who say i want to be a part of whats happening. But because its too expensive for me to get into. So what else can i get into . I also think youre going to what were going to see in 2021. Another resurgence in privacy coins, coins like one narrow dash or even big confidential were going to see more of these privacy coins i think starting to come back again. Even though theyve been quiet for the last couple of years. Boom bust cohost, ben suad and kristie. I the only crypto analyst sunny. Thank you so much. Thank you. Time now for a quick break here because when we return, were going to check in on the movie industry as another high profile studio picture is headed for streaming the same day. It hits theaters, well get some expert analysis on the other side. Was a dollar. He said, based on the gold market, we could see 100000 dollars. 6 months ago. I said ok, it looks like its going to challenge. Therefore, we got to raise our price target to 400000. 00, but youre right, you have to also look at the price of gold here because the gold price could get cut. Now because people are throwing in the street like garbage like, its been decades since the fall of spains fascist regime. But old wounds still havent healed cells of newborn babies were torn from their mothers and given away and forced adoption to this day, mothers still search for grown children in hope for their parents. So what weve got to do is identify the threats that we have. Its crazy confrontation, let it be an arms race. Here in Dramatic Development only exist. I dont see how that strategy will be successful. Very time to sit down and tom and welcome back on boom bust. We have tried to take a look at how the pandemic has affected different industries. Many sectors have had to completely change how they do business, not the least of which includes the movie industry. For instance, when the pandemic hit nearly, all production was forced to shut down in the multibillion dollar industry was essentially put in limbo. But production has since been able to resume as the industry has instituted new safety protocols. A new measures to protect actors and crew members and as theaters have been mostly shut down, major theatrical releases have been heavily slowed. Some distributors are even tell you, right to streaming. In fact, that last week it was announced that the highly anticipated wonder woman, 1904. Well, thats going to be released on h. B. O. Max the same day, it hits theaters in the United States. So lets go ahead and take a look at the state of the industry with paul de guerre beat in senior media analyst with com score. Always a pleasure to see that smiling face. Paul, i dont want to start with this news about wonder woman 1984, hitting h. B. O. Streaming service the same day. Hits theaters, how is this a win for Warner Brothers when they were banking on a box office . Smash after the success of the 1st film, but are basically giving it away to people who are already paying a fee. I know that says we were hoping that wonder woman would just go to the ask 1st and then have a window that at least 2 weeks maybe much longer just wasnt meant to be with so many Movie Theaters closing this past weekend. For example, according to our consular data, we lost about 700 theaters. So the previous week we had 48 percent of dieters open in north america. And the most recent weekend, 40 percent, thats a huge drop. And i think for Warner Brothers, they just had to bite the bullet and say, look, we got it, get some income coming in whatever stream we can, whatever revenue stream, and a way to get h. B. O. Max to raise its profile and get a lot more subscribers. Is to put a movie like wonder woman 1904 on the platform. But of course exhibitors were hoping that that would be at the actual only play but we are living in a very different world now where when theres so few dieters limited capacity in those theaters, they could wait months and months for Movie Theaters to come back. But they chose to use this sort of hybrid model. I think were going to see more of that. But i think when theaters do come back, were going to have a blockbuster season again, on the big screen. But for now its a different era. Its a Different Party much, its up there is very interesting. You said they hope to get more subscribers from releasing this. Now weve seen some of these theatrical movies been released on streaming services over the last, what months or so . Have we seen any actual uptick in subscribers due to those or if that does, its kind of anecdotal and hard to see or thats really interesting because you know, the transparency that exists within that. The Actual Box Office world, the big screen Movie Theater box office, which ive been tracking for 30 years now. Its always there. The numbers are always released almost hourly, of course, the weekend numbers. But for the streamers, its a little tougher to get those numbers. And remember, a subscription based model is quite different than a transactional model where you might sell one movie for 20 dollars or rent it for 8. 00, whatever the number might be. Whereas with Something Like each below max or never flicks or hulu, its, its more about that Subscriber Base disney plus, as well, that were seeing hybrids with the now world where you might pay a premium to get a 1st or a movie on the streaming services. When they, you know, before they become free down the road and that happened with law, and thats the model there. So were seeing all kinds when we talk about a hybrid, were going about all kinds of different revenue models, some of which weve never seen before. But again, a function of the pandemic, and we are seeing these changes, and i want to talk about that premium vo deal with being released on disney. Plus. And basically, the c. E. O. Of disney hinted that this could be the way we do things from now on. Because we saw success with that, of course, they didnt release the exact numbers that they saw from. We had heard netflix or, hulu, or even h. B. O. , talking about going that route. But if you read the stories about wonder woman 1904, you will realize that every editorial is writing at no extra charge because theyre pointing it out. Theyre getting you ready for it because they know that might be an issue. Are we going to see more of this go down the road . I dont know. I think for the netflixs in who lives of the world, its really about their original content. Thats where its really appa for disney. And of course, those the actual films, if they cant get that the actual release, disney has disney plus, as a host or a home for those films, like wise for Warner Brothers, wonder woman found a perfect home on h. B. O. Max. But on the other hand, the perfect home really for wonder woman to me would have been the big screen. But if the screens arent there right now, they just had to make a decision. By the way, Warner Brothers, more than sure, showed their support for the Movie Theater. They were steadfast in releasing tenet in Movie Theaters when really, nobody else would put a huge high profile title in Movie Theaters. So they went the extra mile there. But of course, with wonder woman, were seeing something different, but that was then, this is now everythings changing. And now this is a little bit more of a fun one because you talk about those 700 theaters who were forced to close in the United States and canada. One of this chain thats really struggling the most because amc theaters. But theyve actually announced a private theater rental program that they have going on in small areas. Now theyre expanding it nationwide. What do you know about this . And is this good for amc is business at this point, or is it just keeping on top of mind in the news . Well, i think anything that brings revenue into a Movie Theater, hosting private events, having, you know, churches have their, you know, people come to the church, say, to add a Movie Theater. But of course, with social distancing. And all that, i mean, its just about getting creative. I think, renting out your own theater is really a great idea. The pricing ive seen as relatively low. You get to pick the movie youre with a prevented of course group of friends or people or family that you know. But i am, i do think also it is to keep amc top of mind, but no question that anything that can bring revenue in is a good thing. But course again, people have to deal see things your no matter what your using that Movie Theater for. Whether it be traditionally watching a movie or another type of social event, its all about keeping people safe and healthy at the end of the day. And i got about 30 seconds left for this last one to it since 2009. This is the 1st year without a movie in the marvel cinematic universe. And theyve just been again, heart of hollywood over the last decade. What is this toll of the pandemic . Just being felt by the industry have a when you look at that got a number, it really does. And if you think about it, you know, year to date based on our com score numbers, the box office for us is last year is down almost 80 percent. And when you dont have a big marvel movie, remember, it was a year ago where the summer kicked off with avengers ending with the biggest Opening Weekend of all time, the year to date this years of are in around 2200000000 last year. At this point where we were moving in on 1010000000000. 00, excuse me, at the box office. So 2200000000 this year, so far, almost 10000000000 last year. So you look at that huge difference with the Movie Theaters will be back. I guarantee you it may look different, but theres a lot of big movies still on the slate that are waiting for Movie Theaters to come back all the caribbean, senior media analyst with com score. Thank you so much for breaking all this down for us. Thank you, brant. Thats it for this time to get demand on the brand new portable t. V. App, which is available on smartphones and tablets through google play in the Apple App Store by searching portable t. V. Portable t. V. Can also be downloaded on newer model. Samsung smart t. V. s, as well as roku devices or simply check it out at portable t. V. Well see you next time. Welcome to max kaiser financial survival guide, looking forward to your pension account yonks. This is what happens to pensions in britain. Delicacy. Watch has a report im never bored with the looting. You put some nice to meet you. Yes. My lot in some of these should be a few of the local Solutions Based on what you are. One would do. It means theres a chance to talk to you because i wish you that you know, its not something its certainly being isolated is not good for your mental health. Not good for your general, for cold states or this may make you more when you get infected. This issue of clusium units with both bonafide misses. If youre not saying its all, suppose you may be more toll free to shoot you in the future. So i certainly do not think oh, good for peoples health, and thats very bad for peoples mental l. Look forward talking to you all. That technology should work for people. I robot must obey the orders given by human beings, except where such conflict with the 1st law should be very careful about official intelligence. At the point is to create trusts on various shots and with artificial intelligence. A robot must protect its own existence which will run, tells the United Nations it reserves the right to defend itself after its Top Nuclear Scientist is killed in what tehran has branded an act of state terrorism and French Police officers all suspended after this video of them beating a black man goes far older, incident comes amid public outrage over plans to influence even a neighborhood my screams. He called me and asked whats going on. I explain and been attacked in the wanted to call the police, but it was the police who commits outrages on with the world on the cusp of a code