Brands barbie, fisher price and moi, that is mattel to find out how his company s fortunes are being revived. Wherever you are joining around the world, once again hello and welcome to the programme. It is a billion dollar industry driven by creativity and innovation with a global reach and a diverse market. The toy industry is forecast to reach $302 billion in sales by 2030 and that estimate is at the conservative end of the scale. But falling birth rates and some of the highest inflation rates we have seen in decades have created challenging conditions for manufacturers and retailers and signal more tough times to come. While the covid pandemic boosted sales of toys and games temporarily, big name companies reported sales have started to slip back once again. Let s look at some of those numbers. Local toy sales reached $108. 7 billion in 2023, a 2% drop compared to 2022 with toy companies calling it a normalisation process after that exceptional growth linked to the pandemic. But acr
Reported hes been isolating with his family. There was a covid concern. Out of an abundance of caution, theyre isolating. There was a covid concern with some of his kids. Heres the bottom line. Heres what we gleaned from this afternoon. Again, there was a lot to die jef jest. He went into great detail about how the vaccine or vaccines will be distributed and how the state will help. The governor said the state will not be distributing the vaccines. Instead that will be up to the Drug Companies partnering with your health care provider. For example, if you go to kaiser or sutter haelealth, they would have it. However, the state will help in the distribution. Also today a third possible vaccine was announced by astrazeneca and oxford university. So now moving forward, among the pressing questions, do we have a choice on which vaccine to take, and who gets it first . It shouldnt surprise anybody that the phase one vaccination Distribution Plan in terms of prioritization is focusing first
Er earlier today the dow was up 1600 plus points. We almost got to 30,000. Came within 70 points of 30,000 mark. Looked like we might get there at one point and then we started to dip and fall off of that. 835 point gain which is nearly 3 is nothing to sneeze at for the dow. The s p same kind of deal, fading off the highs. The nasdaq is an interesting story well talk a lot about, down by 1 1 2 . A lot of stay at home stocks really getting hit in the tech sector today. That is a pretty big decline for nasdaq given how much the other two were up. We will cover it all. We have fox Business Team coverage. Lauren simonetti, ashley webster, blake burman, Hillary Vaughn theyre all standing by. We start though with the market rally. It fade ad bit, but still lauren up 800 points in the dow. I know. It is all about the vaccine, right . So pfizer says its Covid Vaccine trial has prevented more than 90 of infections. Pfizer and its partner biontech, look at this, 52week highs. Stocks overall did
144,000, 65000 people hospitalized and we are averaging over a thousand deaths a day. A new round of restrictions would surely slow the economy and put more people out of work, heard even more with travel, retail and Entertainment Industries perhaps, thats one reason the market is selling this morning. After the huge recent gains the dow looks to be down about 200, s p down about 10. Look at the nasdaq with a modest bounce to the upside with the dana may be a quarter of a percent of the standout political headline comes from Bernie Sanders. He says yes, if offered the job of labor secretary in a biting next he would take it. On that, we will say this, varney co. Is about to begin. Stuart born to be wild, well i guess thats fairly appropriate. What you are looking at is rather empty new york city on a rainy thursday morning. Of course, its been half empty for about eight months and Governor Cuomo has more restrictions on businesses. Ashley, bring me up to speed. Ashley he certainly has.
Younger people. 18 to 49 age bracket making up 60 of cases across the state. Governor says its a warning to younger people they are not immune to the virus. And more than 8,300 new covid cases in california. As of yesterday. The state Positivity Rate rising. Now at 5. 5 . Back to the methodology that somehow in disease separates itself by age. Or vulnerability defined by preexisting conditions and the like. It transcends. It impacts all population. The governor held a News Conference today from his home. Quarantining with his family after three children were exposed. So far the entire family has tested negative. The covid surge is leading to black friday warnings in the south bay. If you dont follow the rules you could get a citation. Cracking down on stores and customers. Business Enforcement Teams will be out starting thanksgiving. Handing out citations on the spot to those violating the health order. There is an appeals process. But no grace period. You have to pay. How much . Varie