Record breaking holiday travel
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 11 December 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
Show Notes
7 Consumer staples names that are looking attractive
Episode transcripts seekingalpha.com/wsb.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street Lunch. Our afternoon update on today's market action news and analysis. |
| 0:11.0 | Good afternoon. Today is Monday, Decemberth and I'm your host Kim Khan. |
| 0:15.0 | Our top story so far. The holiday travel period is set to break new records as |
| 0:19.4 | airports prepare for their busiest season during Christmas and New Years. |
| 0:23.0 | Triple A says 7.5 million travelers are expected to take to the skies, exceeding 2019's record of 7.3 million. |
| 0:30.0 | As many as 115.2 million people are expected to travel 50 miles or more from home from December 23rd to January 1st. |
| 0:38.0 | That would be a 2% increase year over year and would mark the second highest year-end travel |
| 0:43.2 | forecast since AAA began collecting data in 2000. |
| 0:47.0 | Nearly 104 million Americans will opt for a road trip, marking the second highest |
| 0:50.8 | on record after 2019 when 108 million drivers set off for the holidays. |
| 0:56.0 | More than 4 million Americans are expected to travel by bus, rail, and cruise ship over Christmas |
| 1:00.3 | and New Year's compared to 3.66 million in 2022 and 3.89 million in 2019. |
| 1:07.0 | AAA says more Americans are investing in travel despite the cost. |
| 1:11.6 | In today's trading, it's mostly choppy action as trader's position on a quiet Monday before an action-packed week. |
| 1:17.0 | The major averages are mixed with the Dow doing the best in the Nasdack trailing. |
| 1:21.0 | Rates are up slightly. |
| 1:23.6 | Deutsche Bank strategist Jim Reed notes that tomorrow sees the all-important US |
| 1:27.4 | CPI and a 30-year Treasury auction after a very bad one last month. |
| 1:32.2 | Wednesday sees a fascinating FOMC meeting and US |
| 1:35.1 | PPI. Thursday sees US retail sales and policy meetings from the ECB, |
| 1:40.3 | SMB and BOE. Finally Friday brings the latest global flash PMIs and China's main monthly |
| 1:46.5 | data dump. There are plenty of other releases but these are likely to be the |
... |
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