Cyber Monday, Black Friday, McDonald’s New Test
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 2 December 2019
⏱️ 21 minutes
🧾️ Download transcript
Summary
Black Friday’s online sales set a new record, but Cyber Monday could be even higher. Gambling revenue in Macau fell in November, so why aren’t casino stocks falling as well? McDonald’s is testing out a new crispy chicken sandwich in two markets. How good does it need to be to get a national rollout? Dan Kline analyzes those stories and helps kick off our annual drive to expand the universe of holiday music.
Holiday Music: “If I Get Home on Christmas Day” by Letters to Cleo
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Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by NetSuite, the business |
| 0:05.4 | in an easy-to-use cloud platform. Download their free guide, seven key strategies to grow your |
| 0:10.4 | profits today at NetSu sweep.com slash fool. |
| 0:14.0 | It's Monday, December 2nd. |
| 0:18.0 | Welcome to Market Foolry. I'm Chris Hill with me in studio. |
| 0:21.0 | Tanned, rested, and ready because he was in the Bahamas over |
| 0:25.3 | Thanksgiving, its Dan Klein. |
| 0:26.7 | Thanks for being here. |
| 0:27.7 | Thanks for having me. |
| 0:28.8 | So we have new data of interest to the casino industry. |
| 0:32.8 | We have a new entry in the Chicken Sandwich Wars, |
| 0:36.0 | and yes, we are kicking off our annual drive |
| 0:39.4 | to expand the universe of holiday music, |
| 0:41.4 | but it's Cyber Monday, so that means we're going to talk about Black Friday. |
| 0:47.1 | Shoppers spend nearly 7.5 billion dollars online on Black Friday. |
| 0:50.6 | It's the second largest day ever for online shopping in the U.S. |
| 0:55.0 | Cyber Monday in 2018 is the biggest. |
| 0:58.0 | We'll see. |
| 0:59.0 | Let's just assume that today may top of that, but considering that there was concern going |
| 1:07.4 | into this holiday season for retailers because of the way the calendar falls. It's a compressed shopping season. |
| 1:15.0 | Things seem to be off to a good start at least if you're a retailer with a robust |
| 1:21.0 | online system. |
... |
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