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Powell's remarks on Thursday that the fight to restore price stability "had a long way to go" at first roiled markets. "If we were to get a low CPI next week, yields can come down around that number and we may get some weakening in the dollar." MSCI's gauge of global equity performance (.MIWD00000PUS) gained 0.54%, while stocks on Wall Street surged 1% or more. U.S. Treasury yields rose sharply on Thursday after a very weak 30-year bond auction. U.S. crude rose $1.43 to settle at $77.17 a barrel, while Brent settled up $1.42 at $81.43 a barrel.

Persons: Kim Kyung, Jerome Powell, Michael James, Thierry Wizman, Wizman, Mullarkey, Tapas Strickland, Brent, Nell Mackenzie, Dhara Ranasignhe, Tomasz Janowski, Richard Chang Organizations: Tokyo Stock Exchange, REUTERS, Wall, Federal, Wedbush Securities, Fed, FX, Dow Jones, Nasdaq, U.S, Treasury, SLC Management, Reuters, NAB, New, Thomson Locations: Tokyo, Japan, Los Angeles, Macquarie, New York, Europe, Boston, China, Beijing, New Zealand, London

☆ Wall St extends winning streak; eyes Fed speakers, Treasury auctions
▼ + stars: | 2023-11-06 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

Expectations the Fed was likely done with rate hikes sent the S&P 500 up 5.85% last week and the Nasdaq up 6.61%, their biggest weekly jumps since November 2022. The session marks the sixth straight advance for the Dow and S&P 500 and seventh straight gain for the Nasdaq. The streak is the longest for the S&P 500 since early June, since July for the Dow and since January for the Nasdaq. A total of 403 companies in the S&P 500 have reported profits through Friday the third quarter, with 81.6% surpassing analyst estimates, per LSEG data. The S&P 500 posted nine new 52-week highs and no new lows while the Nasdaq recorded 46 new highs and 113 new lows.

Persons: Bumble, CME's, Jerome Powell, John Williams, Lorie Logan, Stephen Massocca, Brendan McDermid, Walt Disney, Erik Carlson, Whitney Wolfe, Chuck Mikolajczak, Richard Chang Organizations: Federal Reserve, New York Fed, Dallas Fed, Wedbush Securities, Nasdaq, New York Stock Exchange, REUTERS, Dow Jones, Dow, University of, Dish Network, NYSE, Thomson Locations: New, San Francisco, New York City, U.S

☆ Wall St flat after rally as Fed speakers, Treasury auctions eyed
▼ + stars: | 2023-11-06 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +3 min

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Markets will look for more clarity on the Fed's intentions from officials speaking later in the week, including Chair Jerome Powell, and voting members such as New York Fed chief John Williams and Dallas Fed President Lorie Logan. Expectations the Fed was likely done with rate hikes sent the S&P 500 up 5.85% last week and the Nasdaq up 6.61%, their biggest weekly jumps since November 2022. A total of 403 companies in the S&P 500 have reported profits through Friday the third quarter, with 81.6% surpassing analyst estimates, per LSEG data. The S&P 500 posted nine new 52-week highs and no new lows while the Nasdaq recorded 43 new highs and 99 new lows.

Persons: Brendan McDermid, CME's, Jerome Powell, John Williams, Lorie Logan, Stephen Massocca, Walt Disney, Erik Carlson, Whitney Wolfe, Chuck Mikolajczak, Richard Chang Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, New York Fed, Dallas Fed, Wedbush Securities, University of, Dow Jones, Dish Network, NYSE, Thomson Locations: New York City, U.S, New, San Francisco

☆ Apple ticks lower after warning of dull holiday quarter
▼ + stars: | 2023-11-03 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

Nov 3 (Reuters) - Apple shares on Friday pared losses that were driven by its forecast for a subdued holiday quarter after a U.S. jobs report bolstered hopes of a pause in interest rate hikes by the Federal Reserve. The iPhone maker on Thursday forecast sales for the holiday quarter, usually its biggest, below Wall Street estimates, blaming weak demand for iPads and wearables. An Apple iPhone 12 is pictured in a mobile phone store in Nantes, France, Sept. 13, 2023. "We view management's flat sales guidance as proof the company cannot rely on iPhone sales to drive shares higher, as it has in the past," D.A. "In mainland China, we set a quarterly record for the September quarter for iPhone," Cook told Reuters.

Persons: Bernstein, Stephane Mahe, D.A, Davidson, Tom Forte, Tim Cook, Apple, Cook, Dan Ives, Aditya Soni, Shounak Dasgupta Organizations: Apple, Federal Reserve, U.S . National Retail Federation, Deloitte, REUTERS, Huawei, Reuters, Wedbush Securities, Thomson Locations: Nantes, France, China

☆ Apple tumbles after warning of dull holiday quarter
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Nov 3 (Reuters) - Apple fell 3% on Friday after it disappointed Wall Street with a forecast that indicated growth will stay subdued in the quarter where the holiday season usually drives its strongest sales. The iPhone maker on Thursday predicted quarterly sales that were below market estimates, blaming weak demand for iPads and wearables, especially in key market China. "We view management's flat sales guidance as proof the company cannot rely on iPhone sales to drive shares higher, as it has in the past," D.A. "In mainland China, we set a quarterly record for the September quarter for iPhone," Cook told Reuters. He was also positive on the outlook for the services business, whose strong growth in the September quarter had helped the company top quarterly revenue expectations.

Persons: Bernstein, D.A, Davidson, Tom Forte, Tim Cook, Apple, Cook, Dan Ives, Aditya Soni, Shounak Dasgupta Organizations: Apple, U.S . National Retail Federation, Deloitte, Huawei, Reuters, Wedbush Securities, Thomson Locations: China

☆ Apple's core business is intact, says Wedbush's Dan Ives
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's core business is intact, says Wedbush's Dan IvesDan Ives, Wedbush Securities, joins 'Squawk on the Street' to discuss why he is still a buyer of Apple's stock, the growth investors were looking for in the next quarter, and more.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities

☆ Apple issues cautious revenue outlook for the holiday quarter. How to play the stock now
▼ + stars: | 2023-11-03 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple issues cautious revenue outlook for the holiday quarter. How to play the stock nowJim Cramer, Wamsi Mohan of Bank of America Securities, Toni Sacconaghi of Bernstein and Dan Ives of Wedbush Securities discussed Apple after the company reported fiscal fourth-quarter earnings Thursday and its fourth straight quarter of declining sales.

Persons: Jim Cramer, Wamsi Mohan, Toni Sacconaghi, Bernstein, Dan Ives Organizations: Bank of America Securities, Wedbush Securities, Apple

☆ Wedbush's Dan Ives on Apple: This is a golden opportunity to own the stock for the next year
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Dan Ives on Apple: This is a golden opportunity to own the stock for the next yearDan Ives, Wedbush Securities analyst, Joe Terranova, Virtus Investment Partners chief market strategist, and Malcolm Ethridge, CIC Wealth Executive Vice Presiden, join 'Closing Bell' to discuss Apple ahead of the mega-cap reporting earnings after the bell and the broader markets.

Persons: Dan Ives, Joe Terranova, Malcolm Ethridge Organizations: Apple, Wedbush Securities, Virtus Investment Partners

☆ Watch CNBC's full interview with Wedbush's Dan Ives, Virtus Investment's Joe Terranova and CIC Wealth's Malcolm Ethridge
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wedbush's Dan Ives, Virtus Investment's Joe Terranova and CIC Wealth's Malcolm EthridgeDan Ives, Wedbush Securities analyst, Joe Terranova, Virtus Investment Partners chief market strategist, and Malcolm Ethridge, CIC Wealth Executive Vice Presiden, join 'Closing Bell' to discuss Apple ahead of the mega-cap reporting earnings after the bell and the broader markets.

Persons: Wedbush's Dan Ives, Virtus Investment's Joe Terranova, Malcolm Ethridge Dan Ives, Joe Terranova, Malcolm Ethridge Organizations: Virtus Investment's, Wedbush Securities, Virtus Investment Partners, Apple

☆ Is Meta a buy after the brutal tech sell-off? Here's what the pros are saying
▼ + stars: | 2023-10-31 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Both Meta Platforms and Alphabet saw their shares caught up in a broad tech sell-off last week — but several analysts remain bullish. On Meta, concerns emerged last week following CFO Susan Li's comments on the advertising market in the fourth quarter. META YTD mountain Year-to-date share price movement in Meta Year-to-date, shares in Meta are up over 150% higher. Morgan Stanley views Meta as one of the companies best positioned to weather the volatility in the tech sector. We would be buying the pullback in Meta shares" in an Oct. 26 note.

Persons: Susan Li's, Dan Ives, CNBC's, He's, it's, Meta, Ives, Meta they're, pricings, Mark, Zuckerberg, Morgan Stanley, —, Jonathan Vanian, Michael Bloom Organizations: Facebook, Meta, Wedbush Securities, Labs, JPMorgan, Baird Equity Research Locations: Meta

☆ McDonald's same store sales likely slowed in October, says Wedbush's Nick Setyan
▼ + stars: | 2023-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMcDonald's same store sales likely slowed in October, says Wedbush's Nick SetyanNick Setyan, Senior Equity Analyst at Wedbush Securities, discusses his expectations for McDonald's earnings.

Persons: Nick Setyan Nick Setyan Organizations: Wedbush Securities

☆ There's a 'game of thrones' in AI, but these China tech giants offer real value, tech veteran says
▼ + stars: | 2023-10-30 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

China's tech giants may be reeling from the regulatory clampdowns imposed by the government, but they still have "a lot of value," according to veteran analyst Dan Ives. "I think [for] China tech, there's a lot of value there when you look at Baidu , JD , Tencent and others. Because of China's regulatory restrictions, more institutional investors in Asia are focusing on U.S. tech instead, Ives added. It has a target price of $168 for Baidu — giving it around 56% potential upside from its Oct. 25 close — and $38 for JD.com, or around 50% upside. HSBC has a 425 Hong Kong dollar ($54.34) price target on Tencent, giving it an upside of around 48%.

Persons: Dan Ives, Tencent, that's, CNBC's, Ives, Goldman Sachs, — CNBC's Arjun Kharpal Organizations: Baidu, JD, Wedbush Securities, HSBC, Hong Kong, Hong Locations: China, Asia, British, Hong Kong

☆ VIEW Ford reaches tentative deal with striking UAW workers
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 25 (Reuters) - The United Auto Workers (UAW) union reached a tentative labor deal on Wednesday with Ford Motor (F.N), the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers since mid-September. DANIEL IVES, ANALYST AT WEDBUSH SECURITIES"It's a relief for investors that this UAW nightmare is now over for Ford. JOE BIDEN, U.S. PRESIDENT"I applaud the UAW and Ford for coming together after a hard fought, good faith negotiation and reaching a historic tentative agreement tonight. GENERAL MOTORS STATEMENT"We are working constructively with the UAW to reach a tentative agreement as soon as possible." STELLANTIS STATEMENT"We remain committed to working toward a tentative agreement that gets everyone back to work as soon as possible."

Persons: Rebecca Cook, HARLEY SHAIKEN, DANIEL IVES, Farley, Ford, JOE BIDEN, JEFFREY SCHARF, SHAWN FAIN, Abhirup Roy, David Shepardson, Joe White, Peter Henderson, Christopher Cushing Organizations: Auto Worker, Ford Michigan Assembly Plant, Wayne , Michigan U.S, REUTERS, United Auto Workers, UAW, Ford Motor, UNIVERSITY OF, TIM, Ford, GM, U.S, Big, ACT, Thomson Locations: Wayne , Michigan, UNIVERSITY OF CALIFORNIA, BERKELEY, Detroit

☆ Elon Musk acted like a 'little baby' and was 'almost in tears' on Tesla's 'terrible' earnings call, analyst says
▼ + stars: | 2023-10-22 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Financial analyst Kevin Paffrath criticized Elon Musk's comments on Tesla's recent earnings call. AdvertisementAdvertisementIt's now clear that Tesla's third-quarter earnings call on Wednesday didn't exactly go as expected. CEO Elon Musk acted like "a little baby," financial analyst and YouTuber Kevin Paffrath recently told Yahoo Finance. He also described the call as "terrible" and said Musk was "almost in tears" at one point. Kevin Paffrath hit out at Elon Musk's comments on the Tesla earnings call.

Persons: Kevin Paffrath, Elon Musk's, Musk, —, Elon Musk, Paffrath, Kevin, Tesla's, Tesla, who's, YouTube Tesla, Dan Ives Organizations: EV, Service, Yahoo Finance, Kevin YouTube, Elon, YouTube, Wedbush Securities Locations: Mexico

☆ VIEW Fed's Powell: Strong economy may still require rate increases - Reuters News
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

Powell said U.S. central bankers are moving carefully on policy now after aggressive rate hikes last year to give time for tighter conditions to slow the economy and inflation. "Quite clear that the market is reading into Powell's comments on tighter financial conditions potentially leading to the tightening cycle being done and dusted. Obviously other FOMC officials have said similar, but hearing so 'from the horse's mouth' gives the statement extra credibility." The tone was a bit more dovish than other Fed officials recently. "It's hard to make too much of a determination about what happens with knee jerk reactions immediately after any type of Fed comments ...

Persons: Jerome Powell, Powell, MICHAEL BROWN, MICHAEL JAMES, There's, CHRIS ZACCARELLI Organizations: U.S, Treasury, ALLIANCE, Global Finance, Markets, Thomson Locations: U.S, CHARLOTTE, NC

☆ Tesla's Q3 conference call was the definition of a disaster, says Wedbush's Dan Ives
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's Q3 conference call was the definition of a disaster, says Wedbush's Dan IvesDan Ives, Wedbush Securities analyst, joins 'Squawk on the Street' to discuss Tesla's latest earnings, what investors got wrong about Tesla's stock, and how Musk can put a line in the sand on price cuts given today's macroeconomy.

Persons: Wedbush's Dan Ives Dan Ives Organizations: Wedbush Securities

☆ Tesla earnings call was a 'mini disaster,' Wall Street analyst says
▼ + stars: | 2023-10-19 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

One Wall Street analyst referred to the accompanying earnings call as a "mini disaster." AdvertisementAdvertisementTesla's third-quarter earnings call was a "mini disaster," as one Wall Street analyst put it. "We dug our own grave with Cybertruck," Musk said. AdvertisementAdvertisementGiven all of that uncertainty, some analysts anticipated Musk also would end the frequent and substantial vehicle price cuts Tesla's had throughout this year. The ambiguity about pricing concerned Wall Street analysts like Ives.

Persons: Tesla, —, Elon Musk, Dan Ives, Musk, Vaibhav Taneja, Tesla's, Ives Organizations: Service, EV, Wedbush Securities

☆ Premarket stocks: How billion-dollar fines are reshaping digital communications in banking
▼ + stars: | 2023-10-19 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. HSBC is blocking staff from texting on their work phones, a person familiar with the matter confirmed to CNN. What’s happening: Banks must follow strict compliance rules for how they use and store their employees’ texts and other business communications. “Banks use a wide range of approved channels to communicate in compliance with regulatory obligations,” a company spokesperson told CNN. Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years.

Persons: Banks, ”, ” Sanjay Wadhwa, Tesla, Chris Isidore, Refinitiv, Dan Ives, “ Price, Elon Musk, “, ’, Craig Jelinek, Ron Vachris, Jelinek Organizations: CNN Business, Bell, New York CNN, HSBC, CNN, Bloomberg, Securities and Exchange Commission, SEC, Commodity Futures Trading Commission, “ HSBC, Carlyle Group, Blackstone, Bank of America, Citigroup, Wedbush Securities, Costco, Sam’s Club, Walmart Locations: New York, London, Wells Fargo, WhatsApp, United States

☆ New report indicates sluggish iPhone 15 sales in China. How to play Apple stock right now
▼ + stars: | 2023-10-18 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew report indicates sluggish iPhone 15 sales in China. How to play Apple stock right nowBryn Talkington of Requisite Capital Management, Dan Ives of Wedbush Securities and Jason Snipe of Odyssey Capital Advisors discussed Apple as analysts say they are starting to see signs of slowing demand for the iPhone 15 in China.

Persons: Bryn Talkington, Dan Ives, Jason Snipe Organizations: Apple, Management, Wedbush Securities, Odyssey Capital Locations: China

☆ Insider Today: Big banks' cloudy forecast
▼ + stars: | 2023-10-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementIn today's big story, we're looking at why strong earnings results from some big banks weren't necessarily the big win markets were hoping for. The big storyTrouble brewingAdvertisementAdvertisementOn the surface, earnings season got off to a great start. And that could spell trouble for the broader market hoping for a banner earnings season to help it finish the year on a positive. AdvertisementAdvertisement"This may be the most dangerous time the world has seen in decades," he said in a press release announcing the bank's earnings. One market veteran predicts stocks will rally for the final stretch of the year due to a strong earnings season.

Persons: Elon Musk, Steve Jobs, Wells, Jamie Dimon, Dimon, Julian Restrepo, Emmalyse Brownstein, Mark Mason, JPMorgan's, Teresa Heitsenrether, Goldman Sachs, Jane Fraser, Fraser, Michael Siluk, there's, Walter Isaacson, Justin Sullivan, Tim Mosenfelder, Elon, Tyler Le, Noah Webster, He's, Naomi Osaka, Angela Lansbury, Sue Bird, Oscar Wilde, Bryce Harper, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, JPMorgan, Citigroup, AP, Citi, Barclays, Suisse, New York Department of Labor, Getty, Wedbush Securities, Microsoft Outlook, Microsoft, Consumers, PETA, Dairy Summit Locations: Ukraine, Israel, Chicago, New York City, San Diego, London, New York

After the data, the S&P 500 spent the morning zig-zagging between red and green. U.S. benchmark 10-year yields rose after the inflation data and rose further to hit a session high after the auction. The rise in yields particularly pressured rate-sensitive sectors such as utilities (.SPLRCU) and real estate (.SPLRCR), often viewed as bond proxies. Homebuilding stocks fell after the data and came under more pressure after the afternoon increase in bond yields. Traders now expect a stronger chance the Fed will end up delivering another interest-rate hike this year, and keep rates higher for longer next year.

Persons: Brendan McDermid, Treasuries, Michael James, James, Susan Collins, Israel, Sinéad Carew, Amruta, Shashwat Chauhan, Ankika Biswas, Johann M Cherian, Arun Koyyur, Shounak Dasgupta, Maju Samuel, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, U.S, Treasury, Wedbush Securities, Nasdaq, Dow Jones, Traders, Boston, Market, JPMorgan Chase, Citigroup, Ford, United Auto Workers, UAW, Thomson Locations: New York City, U.S, Los Angeles, Gaza, Wells Fargo, New York, Bengaluru

☆ The pressure just got stronger for Bob Iger to carve up Disney
▼ + stars: | 2023-10-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

This means pressure is on for CEO Bob Iger to turn the company's stock around. AdvertisementAdvertisementThe pressure knob for Bob Iger just got turned a little higher. AdvertisementAdvertisement"We wish the very best to Bob, this management team, and the board," Peltz said on CNBC at the time. Since Disney's stock price peaked for the year in February at about $113 per share, it's fallen more than 25% to about $84 per share. AdvertisementAdvertisementABC and Disney's other linear networks, like FX and The Disney Channel, could be among the first to go.

Persons: Nelson Peltz, Bob Iger, —, Iger's, Peltz, Peltz's, he's, Peltz hasn't, Iger, Dan Ives, Apple hasn't, what's, Peter Csathy Organizations: Disney, ABC, ESPN, Service, Fund Management, Street Journal, CNBC, FX, Sun, Apple, Wedbush Securities

☆ The race is on for tech's 'golden goose' — the iPhone of the AI era
▼ + stars: | 2023-10-08 | by ( Aaron Mok | ) www.businessinsider.com time to read: +9 min

Some tech leaders see the gadgets as the iPhone of the AI era, a way to own the hardware we use to interact with AI. A true iPhone successor could be tech's "golden goose," but past attempts have failed. The race is on as generative AI tools like ChatGPT, OpenAI's conversational AI chatbot, take the world by storm. Even though he said AI hardware innovations represent "the golden goose for tech players in the next decade along with software," he doesn't think all of them will be successful. AdvertisementAdvertisementYet, despite AI's impressive capabilities, Haigh said that smartphones may still be easier to use for the average consumer than AI devices, which means that AI personal devices may take awhile to gain public interest.

Persons: —, Mark Zuckerberg, Meta's Ray, Zuckerberg, Victor Virgile, Imran Chaudhri, @ImranChaudhri, knEBVdC7zl, 3vvbPVAFsS, Chaudhri, Jony, Sam Altman, Masayoshi Son, Altman, Marc Benioff, Brad Stone, Jeff Bezos, Dan Ives, Nadella, Cook, Ives, Thomas Haigh, Haigh, Siri Organizations: Service, Tech, Meta, Facebook, Apple, TED, Wedbush Securities, Big Tech, University of Wisconsin, Modern Computing, Google Locations: Milwaukee

☆ GM is shaping up to be the hardest hit by the UAW strike
▼ + stars: | 2023-10-08 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +6 min

GM has the most workers on strike of all the Detroit 3. AdvertisementAdvertisementThe ongoing United Auto Workers strike is taking a multi-million dollar toll on all three Detroit-based automakers, but General Motors might be hit the hardest so far. GM narrowly avoided a fourth strike Friday with an offer that delayed Fain's weekly update for members. This is also the second time in four years that GM has experienced a strike . AdvertisementAdvertisementAnd of the three automakers, GM also has the most striking workers and has temporarily laid off the most workers due to the strike.

Persons: —, Stellantis, Shawn Fain, Fain, Dan Ives, Mary Barra's, Tesla, Jim Cain, Cain, Ford, Ford's, Sam Fiorani, Fiorani, there's, It's, Cox, GM wasn't, Edmunds, Jessica Caldwell Organizations: GM, Detroit, Service, United Auto Workers, UAW, Ford, UAW nabbed, Detroit automakers, Wedbush Securities, Cox, AutoForecast Solutions, Jeep, Chrysler, Dodge, Buick, GMC, Chevrolet, Cadillac, Deutsche Bank Locations: Detroit, Arlington , Texas, Lincoln

Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. In her next act, Swift is poised to lift another corner of the economy: a movie box office still trying to recover from the pandemic and Hollywood strikes. “Swift and Beyonce will certainly fill some of the gaps,” said Box Office Pro senior analyst Shawn Robbins. BLOCKBUSTER SALESAdvance sales for "Taylor Swift: The Eras Tour" are on pace with a Star Wars or Marvel blockbuster. “But there's no question that the Eras Tour with Taylor Swift has really launched that into a new atmosphere.

Persons: Taylor Swift, Andrew Kelly, Swift, Taylor, Beyonce, ”, Barbie ”, “ Oppenheimer, “ Swift, Shawn Robbins, “, it's, Hunter, “ We’ve, Rolando Rodriguez, Brock Bagby, Queen Bey, Bruce Nash, Nash, Riley, Eric Wold, Dawn Chnmielewski, Lisa Richwine, Kenneth Li, Mark Porter Organizations: Prudential Center, REUTERS, AMC Theatres, Hollywood, Pro, SAG, Marvel, National Association of Theatre Owners, B, ”, Wedbush Securities, Thomson Locations: Newark , New Jersey, U.S, United States, Canada, Missouri, Los Angeles, New York

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