35 Burst results for "Mattel"
New, taller Barbie doll is aimed at kids as young as 3
"Barbie has morphed into a doll made specifically for children as young as three. It's called my first Barbie. Beautiful Barbie has been around for 63 years, Lisa mcknight at Mattel tells the AP this new Barbie came from feedback from parents. They were concerned that their children at the preschool age didn't have the fine motor skills to have a positive play experience with our traditional fashion doll. So my first Barbie is taller than the traditional Barbie. In addition, we created a softer body, more articulation in the arms and the legs. And we also interestingly closed the hands. Having barbies fingers and thumbs open can be a problem when you are three. Kids don't get frustrated with sleeves getting stuck on the thumbs. Critics of Barbie have cited her as promoting unattainable sexualized body standards for girls. I'm Ed Donahue
"mattel" Discussed on Bloomberg Radio New York
"The environment takes on growing importance among younger consumers. Mattel's new Barbie loves the ocean doll is made mostly from recycled plastic trash. So this plastic theoretically otherwise might be washed out into the ocean. Bloomberg green reporter Todd woody says Mattel's efforts are part of an industry wide sustainability push amid a plastic pollution crisis. Scientists in the UK studying area off the coast of the UK, they collected Legos that had ended up in the ocean one way or the other. And basically determined that they could last as long as 1300 years. LEGO is now making some of its accessories from sugarcane, Hasbro has said the toy formerly known as mister potato head will be made from plant based or renewable materials by the end of 2024. Woody says it's unknown if the move to more sustainable materials will help reduce the pollution harmful to marine life. Gina survey Bloomberg radio. What is dedication? The thing that drives me every day is a day is very un we call them day to day for short. Every day he's hungry for something, whether it's attention, affection, knowledge, and there's this huge responsibility and making sure that when he's no longer under my wing, that he's a good person. I think the advice I would give is you don't need to know all the answers. The craziest thing was believing that your dad knew everything so as a dad you felt like you had to know everything. You had to get everything right. It's okay to make mistakes. As long as it's coming from love, then, you know, it kind of starts to work itself out. I want him to be able to
"mattel" Discussed on Bloomberg Radio New York
"Next guest. In on Christ, as chairman and CEO of Mattel, the manufacturer of course of Barbie and hot wheels and so much more. America's second largest toy maker recently reported second quarter results, even as persistent inflation weighs on margins Mattel. Well, it's maintaining its full year guidance. These were excellent results from a tale with our 8th consecutive quarter of top line growth. Our profits also grew significantly with adjusted operating income up 82% despite high inflation and following a record first half, we expect to continue growing in the second half All in all, we are very happy with the position we are in. We expect to win market share going forward and we reiterated full year guidance for strong top line growth, increased profitability, a higher gross margin and all of this is in spite of significant inflation and negative currency impact. So are you like, come on, investors, you still got it wrong. If we have very focused on managing the company, we have been growing now consistently. We executing on our strategy. We won market share for two years in a row and we expect to win market share this year as well. Our supply chain is in very good shape, all of our owned and operated factories are fully fully operational. Product is flowing in, we're seeing, we expecting a second half retail sales to be above the first half levels, we think the industry growing as well. What happened that your margin shrunk that maybe even caught you guys by surprise? No, margin impact was expected. It was factored into our guidance. We talked about it at the beginning of the year. And if anything, it's getting better, actually, because we did revise our guidance on gross margin, not by much, but nevertheless, a positive uplift were able to offset currency negative currency impact and maintain and reiterate our guidance for the full year. So the margin, the margin reduction was very much expected and as I said, factored into our guidance at the beginning of the year. Over time, over time, we do expect that the combination of pricing and cost savings will more than exceed the impact of inflation and contribute to margin expansion. We give me an idea of what you're seeing with pricing power right now. Where are you able to raise prices? So that consumers will continue to pay, but you can better cover increasing costs on your side without destructing demand. As pricing is one of the options we consider in terms of inflation. Sorry, this is not obviously a Nick to Mattel or you need to the toy industry. But we've said before and we're being very consistent about it is that when we raise prices, we always give consumers in mind, we are being very thoughtful and strategic and are committed to maintaining the highest quality and best value for consumers. We haven't seen any negative impact from the pricing actions with tool last year. We just took another action that will become that will distract us into our numbers in the second half. And this is something that would previously announced. So this is not new news. And we haven't seen negative impact. This actions are very methodical and thoughtful. What is selling what is not, where are you seeing maybe some consumer sensitivity because of the overall inflationary environment? Well, in the second quarter, we saw comprehensive growth 24% in constant currency, we were up in double digit strong double digit in North America, emea and Latin America, we grew in all of our reported categories in three in our three power brands, Barbie, hot wheels and Fisher products. So the performance was pretty pretty comprehensive with some really strong numbers, we did say that hot wheels as an example is on track to achieve its 5th record year in a row. Barbie is just coming off an all time high in 2021 and we said that we expect to be sales for barber to be comparable. So we're holding a very high bar and be a pretty strong performance across the board. So we were talking about the Barbie movie. Do you anticipate making more money from the movie and your partnership on the Barbie movie or more from the lift that the Barbie brand gets thanks to the movie? Absolutely see this opportunity as incremental to our toy business. Our strategy to capture the full value of our IP is about participating in highly accretive business verticals that are adjacent to the toy industry and are also driven by big franchises and big brands, but we want them and expect them to be accretive in and of themselves. So the partnership or the Barbie movie and the partnership that we have with Warner Brothers is such that we have a meaningful economic participation in the Barbie movie as well as for that matter, all of our mobile projects. We do have economic participation. And of course, we understand that in success, there will be a benefit for the toy business, but we do expect economic participation outside of the toy island as well. We do not fund the movie. We do not participate in movie financing. This is not our expertise and of our business, but we do participate economically both as the IP owner, the owner of the brand, and as a producer, we are producer on all of our projects. Do you get a piece of the box office, enum? We haven't been specific on the commercial terms, but box office and we see it are part of the equation. Of typical participants. Hey, can we talk to you about SpaceX? Tell us about the collaboration. It's a multiyear agreement that Mattel has announced with SpaceX to produce toys and collectibles. Yeah, this is an exciting partnership to create space exploration toys and collectibles under the matchbox brand. The toys will come out next year. The collectible stores will be available on a tell creation or direct to consumer site. And this is really about scaling our portfolio, it's about innovation. It's about thinking out of the box and bringing new partners to the toy aisle. That was Mattel's CEO, enon cries, still waiting on an update though on that Elon Musk action figure, doll, whatever you want to call it, Carol. He was pretty mom on that. Well, certainly more to come on Bloomberg businessweek, our C suite lineup continues with the CEO of eco bat, find out why he says
"mattel" Discussed on Netflix is A Daily Joke
"How are you pieces of shit? You know I love stand up, but the only problem is stand up is about being relatable. And you know, I've had such a meteoric rise to fame and fortune. The only people I can really relate to are the rich people. Poor people up there, mama, I don't even know you. The fucking cast of Les Miz faces covered in shit, no. Rich people don't look honey. It's horrible. So this song, yeah, this song goes out to all the rich people. Hey, rich people. Beautiful, rich people. Don't you hate it? When you double park your boat? Hey, rich people, just you guys. Rich people. Don't you hate it? When you spill the blood of the poor on your fur coat. The rich people with the fur like. You got more money, you've got more problems. Can't use a $100 bill. As a condom. Hey, rich people, just you guys. Rich people, don't you hate it? When you're ring turns your finger green, I'm just kidding, that doesn't happen to us. Rich. Hey, rich people. I know you feel me rich people. Don't you hate it when the hooker turns out to be 17. It's like I'm pretty sure I paid for 16. Hey, rich people. Just us. Rich people. Don't you hate it? When the valet smokes in your car, and you have to throw the whole thing away. And have them killed. Hey, rich people. I know you feel me rich people. Don't you hate it? When it's New Year's Eve in West Hollywood, and you're with Pamela Anderson and Johnny weir. And all of a sudden, Pamela says, we should go to Vegas, and you go Pamela, we haven't even packed, and she pulls out her Visa platinum card and goes, we're packed. Three days later, you wake up in front of the Bellagio hotel wearing nothing but flip flops. And the hooker you order passes away. And you have to change your name. To trixie Mattel? You got more money and things get harder. Ask a celebrity like me. Or Jennifer Gardner..
"mattel" Discussed on Business Wars Daily
"From wondery, I'm David Brown, and this is business wars daily on this Tuesday, July 19th. After more than two years of darkened and then sparsely populated movie theaters, ticket sales are finally taking up again and these days it's not just people heading back to the movies, toy companies are going there too. Mattel is betting big on movies and TV with more than a dozen projects in various stages of production. The company's Barbie based film is being released next year in conjunction with the iconic doll 60th anniversary. But don't expect an airy piece of fluff here. The movie stars a listers Margot Robbie and Ryan Gosling. Greta gerwig, the Oscar nominated filmmaker behind little women and lady bird is the director. And while there aren't many details surrounding the film or storyline, Yahoo news reports that there will be different versions of Barbie portrayed by Issa Rae and Hari nef, who will each be matched with their own cans. Mattel CEO inan kreitz told CNBC, he has big expectations for the movie quote Barbie is a cultural icon of pop icon in this movie is really shaping up to be what we believe could become a societal moment. Mattel also has a masters of the universe project for Netflix coming out next year and is working with Tom Hanks on a project based on the character major Matt mason. I remember major Matt mason and Vin Diesel's working with him too for another based on The Rock em sock em robots game. Mattel isn't the only toy company with big plans for big screens, arch rival Hasbro, which is already benefiting from having the licensees for toys based on marvel and Star Wars films, has a variety of its own productions in the works based on its toys and games. Next year will bring a Dungeons and Dragons movie with Chris Pine and Michelle Rodriguez and Bridgerton's res gene page that has been described as a mix of Game of Thrones and the princess bride. The company is also working on a television series based on clue and a series of unscripted shows based on monopoly mouse trap easy bake, operation, nerf, and Plato. CEO Brian goldner says that fans can expect two to three feature films and three to four streaming shows per year from the company, which will increase as some shows repeat seasoned. The company has more than 50 film and TV projects in development and entertainment one, which it acquired a few years back to beef up its production capabilities has another 200. In each case, the company's one a better control their entertainment content instead of just licensing their brand, CNBC reports. The goal is to create quality productions at stand on their own, not just bailed commercials designed to sell toys. In Mattel's case, at least Wall Street insiders expect that the productions will sell toys. So many, in fact, that Goldman Sachs thinks Mattel could see a big bump in stock prices. They're quieter on the entertainment related impact for Hasbro. These moves into content open up new markets and revenue streams for each company as well as the opportunity to have more creative control over how their properties are used in portrayed. But they also require big investments in facilities expertise and talent. For now, we'll have to wait and see how these moves play out. From wondering, this is business awards daily. I'm your host David Brown, written by Gwen Moran and produced by Jessica yarmosky. Our executive producers are Tina Rubio and Marshall Lewis. Blood ties, the award winning audio drama from wondery returns for its third season, strange days, with another thrilling story about greed, power, and deception. 5 years have passed since Eleanor, played by Gillian Jacobs of community, took over as CEO of the infamous Richland family empire, alongside her half brother Santino, played by Christian Navarro of 13 Reasons Why. Together they decide to invest the family fortune in a groundbreaking controversial new drug. But as shocking revelations about the new treatment emerge, Eleanor and Santino go to every.
"mattel" Discussed on Bloomberg Radio New York
"Do love and get the value and innovation that our choice provide But you're confident that the consumer can handle price increases that the consumer is willing to pay that you have that pricing power at Mattel to raise those prices I believe that our brands resonate with consumers around the world And I think it's going to be the innovation and the brand reputation and the quality that ultimately consumers judge and jury in the toy industry Where is the big growth Because we talk about you guys I've talked with the folks at WWE I mean you have these partnerships These alliances you have older collectibles NFTs I assume play into the older collector Of Mattel brands content creation Barbie movie when is that happening Where's the real growth going forward And answer it all in two minutes I think you have to take a step back and look at our strategic road map which has really been to be an IP driven high performing toy company It's very Disney ask Well it's very Mattel We have a portfolio of incredibly strong IP Many of which as you mentioned and there are a lot of brands within our portfolio that have stood the test of time and could be revitalized Masters of the universe is a great example of that A huge property in the 80s ran dormant for decades And we brought it back No Okay Didn't play with me Hot wheels though I might have missed my generation I don't know But anyway it's back and it's arguably better than ever Yeah But I think that the growth strategy of Mattel is really to continue to expand our IP into verticals digital gaming content NFTs as you mentioned But is it the adult collector that's the real Where's the growth come from It's both It's literally across the board If you look at our performance every category that we're in and we're in 7 categories all grew We grew market share across the world Our biggest most important franchise brands are all in growth mode Barbie Fisher price hot wheels and American girl Thomas the tank engine are games portfolio uno single largest card game in the world You know we've done a lot of work revitalizing our brands with the Mattel playbook that we take a lot of pride in innovation cultural relevance and executional excellence have been the forefront of making our business successful That's Mattel president and COO Richard Dixon By the way Carol I know you are pretty excited about that live action Barbie movie that's right now in production You couldn't figure out where the set is So I guess go to TMZ to get the picks So for a few clues Ryan Gosling Margot Robbie come on it's gonna be a lot of fun You gotta keep that stuff under wraps though So people like you don't show up on set You're talking about stocking Yeah All right still to come on Bloomberg business week The cultural and demographic shift taking place as wealthy consumers you know where they're going Well we're not gonna tell but they are definitely leaving New York City Okay find out which southern market is reaping the benefits of the Big Apple exodus I think you can guess if.
"mattel" Discussed on Bloomberg Radio New York
"You're listening to Bloomberg businessweek with Carol masher and Bloomberg quick takes Tim Sten from Bloomberg radio Well the fun and games seem to continue when it comes to Mattel's shares even in the midst of a downturn for the broader market The toy maker has seen its stock into a double digit advance in 2022 A big boost coming earlier this month when the company reported fourth quarter profit in sales that exceeded analysts estimates Those figures buoyed by revenue from traditional toy brands such as Barbie and Polly pocket Well didn't I have the chance to check in with Mattel chairman and CEO in on cries right after the company gave that quarterly update This was just an exceptional quarter and year for mat We outpace the industry We gained share globally for the second year in a row and in every measured market We also had the highest annual growth rate in decades double free cash flow in more than double our earnings per share So the way the way we see it that our turnaround is complete And Mattel is in growth mode The strength is broad based We expect to continue to gain market share with strong growth in 22 and in 2023 and are not stopping there All right so many questions we want to ask you First of all I know we remembered when we talked with you last time and that was leading up to prior to the holiday shopping season And we talked about supply chain constraints And you said you were working through them You were figuring them out I think you ordered a lot of inventory in advance How are the supply chain supply chains today That's right We did exactly that We did work and navigate through supply chain issues And it's not that there were no issues but this is exactly this is our job This is what we do But how did you do it 'cause so many other people and of course you know different industries are not apples to apples but how did you do it How did you manage the supply chain challenges Well we anticipated the short supply and the longer lead times and factor that into our planning We took very specific actions We pulled forward production to increase capacity We expedited procurement and sourcing of raw materials We optimized near assuring of production We.
"mattel" Discussed on Bloomberg Radio New York
"Much is ecommerce versus bricks and mortar for a typical Mattel or Hasbro So ecommerce for Mattel is about 31% of their sales and ecommerce means that that includes a sale to Amazon It also includes the sale to Walmart's Internet portfolio But it's about 31% of toys are sold via the Internet So is that in a presumably that's the fastest growing part of their sales funnel That's correct And as you saw a lot of the mom and pop toy stores kind of struggle because the bigger retailers were able to fulfill orders as Mattel is now saying about a third of their sales or two online retailers How the stock's done The people still think there's room to go for these names given that maybe some of that artificial demand may be ebbing Well Mikhail I think the stock has done very well Two years ago Mattel was really in a turnaround mode and today they're in growth mode and they're firing at all cylinders They had very good results in the fourth quarter and obviously the forecasts are very good for 2022 and 2023 And there's more growth ahead But tell us also indicated that now that their capital structure is more reasonable with the leverage closed investment grade stats they do have more liquidity and more cash flow to fund some type of M and a in the future Why no Joining us here He is the Bloomberg intelligence retail analyst coming up on the program We look at the under invested global water sector.
"mattel" Discussed on The Business of Esports
"An acquisition we're able to get it at tenor. It had been a preschool balling for little kids with big sponges. And they had done one little blaster. And I went into a design room and all of the designers had created weapon versions of it. And they were having a fight. And you know, in this. And you know, I did what I do best. I got out of the way of people with an idea. And they turned it into pro nurse and all kinds of weapons. And it went from being a $25 million business to a $500 million business. And it's still I still have memories of parents calling me up mad about where they're finding darts. But you know what it became it was a, it was a amazing transition of seeing a brand rebranded taken to a new benefit and expanded the audience without even violating what it's authentic purpose was. So that's unquestionably my favorite. And I do love I do love Batman because he is vulnerable. I mean, he's a complex character and he has depth and so and then not to mention the fact that we could put him in an outfit for the sky and mounted for the water and you know what we had a we had a experience even with Jurassic Park where Spielberg came to our offices. And he looked at the design for the visitor center. And he picked it up and he put it on his set designer's desk and he said, do this. And you know when you find creative people who embrace other people's creative efforts, even a different medium, you could keep people out of the building for months. They were working their guts up because somebody had appreciated their vision. And you know, it just goes to show you that if you don't try to be pedantic, but listen, you know, there's no telling what you can get from people and for me it was the best part of my gaming experience last 7 years was being part of all the people that I got to interact with that liquid. It's a great lesson for us all personal and I appreciate it and thank you for coming on the show. Paula, I'll give it back to you just taking it back and very happy with our time today. So prosecution rests and things Bruce. Bruce, before I let you go, I have just one last question. And it's because it's so relevant right now it's a topical right now. I just love your two minute comment on it. What do you think of the Microsoft Activision Blizzard acquisition? Are you a big fan of this? Just your general thoughts. I don't think of Microsoft. Microsoft had some great titles that they never did much with crimson skies, which was early early Xbox days. One of my favorite games plays with kids. And it was almost a precursor to the last of us where there was narrative within the competition, right? I hope they allow the studio and blizzards and enormously creative activation is enormously creative group. What they've done with their titles is nothing short of astonishing. And I hope that Microsoft takes the role of the humble acquirer. It's not word you use typically associate with Microsoft, but if they want to get a lot out of that group, don't go in and try to tell them what to do. They've been phenomenally successful. And look at them as getting one segment of the audience. One segment of the business empower them to do everything they're doing. And then find other ways to augment the audience. I hope that's what they do. And if they do, it will be nothing short of brilliant. Because got them down a path that would have taken them if they ever would have gotten there forever to do. I also think it's going to I'm curious what it does to people like Sonny. Their console business I don't remember the exact numbers but say it's 30% of their revenues but 40 or 50% of their profits. They're going to have to think about what the ramifications are of this. I mean, it's in Microsoft's best interest to keep it open platform. But. There's an expression by Einstein that he said, two things are infinite. The universe and human stupidity. And I'm not so sure about the universe. And so you just don't know how people will react to this, but they have a jewel. And they have a chance to fix stuff that maybe has stifled it. Blizzards incredible company. Activision's incredible companies have fabulous acquisition. It really gets down to what we talked about before. It's all about execution and how they execute this in making that group feel special will determine whether or not they realize the full value. Bruce I'm so glad I got to ask you that question. I know our audience is going to love hearing your insight. I mean, you're a true legend. I think we're spoiling our audience this week. We could probably have done four hours. I wish we could. You just have that much knowledge and insight and experience. I'm going to have you on the show. Thanks very much. If you want to be followed, Bruce are found or maybe a project you're working on or a company or something. Where can people find more or follow or if you want to be? Well, I'm on LinkedIn and I used that early on because I found it a good way to keep in touch with people in different industries. And I'm either not active with or and Twitter was a late start for me. I wasn't so sure I was interested in what I had the same much less anybody else. So my brewski Twitter account is not something that I use a lot, but when I do, you know, I do it with projects that are really important and I'm passionate about one of the foundations that I've been involved with for a long time was clear derma research foundation and recently are good friend Bob Saget passed away and I found it cathartic to share that. And it wasn't trying to do it for anything other than you don't know what to do when something like that happens. And so yeah, if people aren't too great, I'm not going to do a lot of tweeting, but what I do if you're interested, we can be found there and I'm LinkedIn. I love that Bruce, thank you again. And for our listeners for our viewers, thank you guys again for tuning in every week. Make sure to follow us everywhere. It's business of eSports or busy sports on every platform, Instagram, TikTok, Twitter, YouTube, LinkedIn, you name it business of eSports and busy sports everywhere. And there's always guys, we will see you next week. One thing I would add guys. And this isn't meant to be a blowing smoke at you guys. Thanks for asking important questions. Because I think if the industry becomes an industry of self congratulation and people believe too much because there's a lot of people willing to throw money at it. You lose your humility. And I think when you guys hold people to account, it's the best chance we have of accomplishing really cool things. I appreciate that, Bruce. I think sometimes sometimes maybe people I think are saying I'm too critical, but it's because I love this. And I believe in this. I want to see it succeed. Because I'm trying to tear anything down. So thank you again and as always guys see you next week. Take care. Thanks for listening to the business of eSports podcasts. Check us out at the business of eSports dot com and on Twitter at biz.
"mattel" Discussed on The Business of Esports
"Welcome to the business of eSports podcast, the official podcast of eSports. We explore the intersection of business and eSports. One of the fastest growing industries in the world and the future of fun. Please welcome your host Paul the eSports prophet Tao levy. The business of eSports podcast begins now. Do you want to own your eSports fandom and support your favorite content creators and gamers? Are terror labs is a world renowned NFT platform with a focus on eSports and gaming markets..
"mattel" Discussed on Squawk Pod
"Of what was happening. A big shakeup in the world of toys, The Wall Street Journal just reporting that Mattel has won the license to produce toys based on Disney's princess lineup and the frozen franchise. This is a huge shift. It's actually a case of Mattel winning the rights back from its rival Hasbro after losing to them several years ago. That first happened back in 2016 when they lost the rights to make the Disney Princess brands. And that was a huge deal because Mattel's partnership with Disney goes all the way back to the 1950s with the Mickey Mouse club when they used to make toys and advertise them there during the Mickey Mouse club. They had that princess brand for a very long time. With this new deal, Matt start selling the Disney Princess toys in 2023, they'll be managed by the same group in charge of Barbie dolls. Hasbro will reportedly retain the license for Disney's Star Wars franchise, because this is such a big deal. And it comes with Elon cries, the CEO of Mattel kind of taking advantage at a time when Hasbro had just lost its longtime CEO, Brian goldner. That was such a shocking thing that happened. But this is a very long and historic deal. Mattel ticked off Disney when they created their own line of princesses, I think they were called after they were just an amazing success story for matinee on. I think he'd be sure to double company. Started the company or not started coming started at the company in 2018. The company was in disarray. Mattel was focused on Barbie because it had so many problems with the Barbie line, so they were really focused on that. Weren't paying as much attention to the Disney Princess line. But the Disney princesses are a huge franchise. I remember Michael eisner talking to The Wall Street Journal back in the 1990s, late 1990s. He came to a Wall Street Journal board meeting. I was talking about how the princesses were a $5 billion franchise for Disney at that point with all the different licensing and different things that they have from it. So it's a huge, huge part of the business. Physical toys, you know, when you see things like Activision and Microsoft that I thought I thought the end was in sight for all those things, but it's never going to be. Now it's little kids and you're going to you like to play with those actual physical things. But when you think that if you don't migrate to mostly a cloud based computer gaming, you're going to be left in the dust. I don't know if you're not in my house. We have so many of these toys. You do. Still. Everywhere. I was going to say something really weird. Because I can remember 15 years ago on a computer I used to play Barbie games with my daughter, Barbie horse, Barbie, this, and they were really cool. They were already migrating to it back then, but it never went away. The physical Barbie never did go away. But I remember some of those were pretty much funny. Now it's American girls, isn't it? I went to an American girl like a great big convention in Newark. I went and saw that dead. They were pretty sophisticated. With the American girls dolls. Yeah. We do that in our House. Singer Elton John has tested positive for COVID. His shows yesterday and today in Dallas have been postponed as representatives say he is fully vaccinated and boosted experiencing only mild symptoms. His expected to resume the tour on Saturday in Little Rock Arkansas. A couple of thoughts about Elton. I've seen his place in Venice, not too shabby, and I'm not talking about California. And who knows his original name, his full original name? Well, you used to know this. Does someone mention him? I didn't know the other day. I knew Michael Landon. Eugene or Woods. But Elton John's name is reginald Kenneth white. Yes. And actually he changed that to Elton, Hercules, John. Not kidding. I like that. It's cool. It's a middle name. Hercules. Why? That's not a bad one to pick. Yeah. Why not? I mean, if you go to pick a name. Because that one. Mine, maybe I go Joe Adonis. Is that taken? No, go ahead. Thank you. That's good. I like it. Hey, curly, bald guy. Joe, Adonis. I like it. It's good. Thanks for listening to squawk pod today. We're glad you're here. Squawk box is hosted by Joe kernan, Becky quick and Andrew Ross Sorkin. Tune in weekday mornings on CNBC at 6 eastern. To get the smartest takes and analysis from our TV show right into your ears. Well, listen to this podcast and follow squawk pod on your platform of choice. We'll meet you back here tomorrow. Thanks, guys. Did you get your very first wordle? Becky. I did, but it took me all tries. Oh yeah. Yeah. And stupid mistake. It took me off. Well, I put two vowels in the first one. I should have never done the same letter..
"mattel" Discussed on Squawk Pod
"Wild swings again in the markets, this time mega cap tech names rallying. We use a lot of computers apparently. And retail traders, they love these comeback stories. Tom sounds off of tasty traits. Retail investors account for about 20% of the order flow, but they make up about 80 plus percent of market direction. And a stark warning from The White House, not enough chips to last a week. I think this is an issue of security at some point. We do want to have these chips manufactured here in the United States. Plus, a doll of a deal for Mattel, investor Cathy wood leaning in to text tumbles, and Elton John is staying off stage for now. Who knows his original name? Oh, I used to know this. But maybe there's an understudy in Times Square. Maybe I go Joe Adonis. Is that taken? It's Wednesday, January 26th, 2022. Squawk pod begins right now. Three, two, one, kill three. Good morning, everybody. Welcome to squawk box here on CNBC. I'm Becky quick along with Joe kernan and Andrew Ross Sorkin. And of course, we're going to start with the markets because yeah, once again, we had some pretty wild rides. The Dow ended yesterday session down by just 66 points, but that was well off the low. And if you were watching this yesterday, wow, something to behold. The Dow was down by as much as 818 points. And then it was up by as much as 226 points during the session. So a lot of action throughout the day. The S&P and the NASDAQ also closed off their lows, but they were down by 1.2% and two and a quarter percent respectively. This piece of news last night, which might provide a bit of a firewall to the market, we will see, which is Microsoft earnings and shares higher company reported earnings of 2.48 cents per share, beating estimates of 2031 cents revenue rose by 20% over the prior year also beating estimates in the current quarter revenue guidance now came in above expectations as well. Microsoft CFO saying that demand remains strong across much of the business and another good quarter for Satya Nadella and maybe this goes to the whole idea that we saw a whole bunch of companies last week didn't didn't have the same kind of performance. And I don't know if this is now weeding out the good from the bad. And that's what happened. It was such a weird reaction after the bell, though. I couldn't figure out why shares were down so much because most of the news, just about every line, they beat expectations on. The guidance that they gave on the call was even stronger in terms of the current quarter. But that was a weird reaction after the bell and I was thinking if that's the standard that every one of these tech companies is going to be held to it. It's going to be a very rocky earnings season. The numbers are just off the charts, so just not necessarily relative to expectations, but just the absolute numbers that just looking at that. We use a lot of computers apparently. And a lot of those computers use window and windows and everybody's at home. 50 billion. Anything over 50 billion and a quarter? Yeah. We've still people don't have enough windows yet, and obviously it's the cloud and Azure and services and did you see how slowly the games business was growing in terms of both hardware and software, both single digits. So it's like 11% of revenue, I think, at this point for the company. That's going to be our rocket ship. You would think. And they want us to be able to I'm going to have to play a game. You know what I mean? Because it sounds like fun. I have a new one for you. Really? Yeah. You'll like it because it's like the jumble. Whirl. Do you play it on a phone or it's an app that you put download onto your phone? And it's because you like the way words look and letters look. It's a little more challenging. It took me a little bit to get into it. But it's fun. You like it? It's a scrambling them because if it's a hangman, it's like a fortune type thing. I don't even know. It's a hangman type thing, but it's harder and it's trust me. It makes you think you like it. I think the bottom 5% of wheel of fortune players. I really am. The letters that are up, I can pronounce the letters that are up, but I have no ability to see what others are. That's when you're so good at the jumble. I don't know. I can't do it. I might be able to do even. I can play wheel of fortune. My son, my wife, I'm sitting there, and I'm like, there can be one letter missing, and I'm still like, jeez. Oh, I finally found a game I can beat you at. Everyone can beat me at that. Meanwhile, the jeopardy champ is like we're going to be in like 6 years we're off topic. But in 6 years, we're going to be talking about Amy. Because she's still going to be. She's still going to be winning. She wants $60,000 left. And here I am talking about TV again, Andrew, but I did see it. And she bet 25 on vinyl and final was so easy last night. Texas Instruments, let's talk about that. I know you were while I was watching jeopardy. And you were poring over these numbers, right? Margins, basis points, expenses. A foundry. You think I'm such a nerd. I know, I'm not that much of a nerd. But you're out. I think you're out. See, I don't know. I don't know what a guy like you is doing in a period like this because you are working it. And you're not out at where you or something with Sarah Palin, you were not out last night. You don't have? No, she was there the other night. Yeah. And that's called and then got COVID. I thought you knew that. I'm reading the tabloids, too. Wow. I'm not. Jeopardy. I know the whole Palin Palin drama. Oh, you do. Okay, yeah, that was a deal. I haven't been to ilios. You've been to ilios. In the last 24 hours, right? No. No. For breakfast. You got takeout. All right. Texas Instruments are higher earnings and revenue beat estimates in the company's outlook came in higher than expected. Then on the call, the company said it plans to place additional emphasis and fastest on the wrong selling. Industrial and automotive businesses serving chips to two areas hit hard by the global shortage good idea. We've got 5 day inventory. Do you see that? Yeah. In fact, that's a significant talk about. We used to have 40 days and now we have less than 5 days. When we're talking about these chips, we mean the U.S. commerce secretary. Warning yesterday that U.S. companies that use semiconductors are down to less than 5 days of inventory. You compare that to 2019. That's what companies typically maintained 40 days of inventory for chips. This makes us very susceptible to any problems that might pop up even from weather from COVID shutdowns overseas anything else. Secretary Gina Romano is urging Congress to approve the U.S. innovation and competition act, which includes $52 billion in spending to boost domestic chip production. Even if they were to approve it at this point, you probably wouldn't see anything that really took place until about 2025. So the commerce department with this report is basically saying, there's not a lot that they can do about it right now that this is going to be up to private industry to hopefully communicate very well and try and figure out where the shortages are. The real gaps between supply and demand. But demand is up enormously. And the supply has not met that. I think I read that the demand was up by about 17%. We have not seen any increase in supply. And that's where you're going to continue to see these problems Department of Commerce says this is a problem through at least the end of this year and they can't tell beyond that. We saw this earlier this week. We had Intel on last week talking with us the CEO pat gelsinger about the new plants that they're building on Ohio and that's going to be great. But again, those plants.
"mattel" Discussed on Bloomberg Radio New York
"Matter and Bloomberg quick takes Tim steinem from Bloomberg radio Toy maker Mattel has now seen growth and increased market share for 5 consecutive quarters The company's chairman and CEO expects that trend to continue On cries joined us on the heels of a third quarter earnings report that beat earnings and top line expectations He tells us his company was well prepared for the supply chain bottlenecks that were seeing right now across the globe He's not facing the same challenges that other companies are It's not that we were not impacted but we did anticipate short supply and longer lead times and factor that into our planning with very specific mitigating actions And this is really where our scale expertise and flexible supply chain model which we restructured over the last three years is planned to our advantage and we are ready for a strong holiday season One of the things that we've been wondering and we saw it during the pandemic where people were just hoarding and buying tons of stuff and stocking their cupboards And companies can do the same thing by doing advanced buying and just kind of overstocking People do it with unit sales or something or certain commodities How much did you kind of overstock potentially or buy to make sure that your shelves that you had sufficient inventories for the season Because it sounds like you've got or already what you think you're gonna need for the holiday season where they need to be already that you're not worried about it being stuck on ships out and see Is that fair to say Yeah you know as I said this is not that we don't see issues We do work for those challenges and still expect to achieve growth in the fourth quarter and growth in the holiday season Right We are working very closely with our recent partners We look to have the right products at the right time with the right retailer We think demand remaining strong and do what we can to try and make all of it We may not be able to make all of the demand but we do what we can to try and make and still expect to grow in the season So may not be able to meet all the demand on the flip side you know and is it possible that you over order or overproduce at this point I guess I would produce and that you're left with stock after the holiday season That's possible too We don't believe this is the case If anything we are chasing demand demand is outpacing capacity right now and we are chasing it This is what we do This is exactly the core competence of the company And with traditionally excel during the holiday season it does take a lot of planning We create demand and then we try to fill it and we work closely with the retailers to cater for this demand and be able to meet the needs of our consumers We talked earlier this year enon and the narrative really was around the idea of parents and grandparents spoiling their kids as a result of COVID lockdowns hybrid schooling As things start to open up as kids potentially under the age of 12 could get vaccinated very soon Are you concerned that demand will dry up and kids will start doing experiential things rather than buying things The point industry was expected to grow before the pandemic and We believe it is a growth category on the other side of the pandemic It is fair to say that the pandemic did stimulate demand but it was an old positive They also headwinds as we know in terms of supply chain COVID related lockdowns recent closures and other factors that impeded demand But that said we haven't just had material We haven't just kind of gone through the industry We grew almost double the industry growth rate in the quarter and year to date In fact we even accelerated our market share gains in the third quarter So we're not we're not just writing the wave of COVID related demand but we actually ahead of the industry and do what we can to continue to innovate and create great products that inspires entertainment and develop children to play Hey Anna I was both of us Tim and I were at the milken institute global conference And I hosted a panel with global M and a And one of the things that came up is that yes companies are continuing to do deals where on track for a record year 4 trillion perhaps maybe in 5 children But the other thing that they said that's happening a lot of is alliances And I think the partnerships that you do whether it's WWE or with Disney are important to your growth story tell me about the renewed partnership with WWE How does that help mat specifically on the top and bottom line With our increased capability and stronger platform that we have built we have more more capacity to grow partnerships This is something that we were less focused on in the past given the strength of our own catalog but we now can expand our business through the past through this partnerships with key players with big important franchises global franchises in addition to what we do with our own catalog So the WWE is a great example of renewing a long-term relationship for a really great action figure franchise and likewise also we just expanded our relationship with Disney for the Pixar movie light year This is the origin story of buzz light year which is expected to be very toyetic very playful great movie and a lot of really exciting product We have the global licensing rights to develop the toy line and expect expect to launch that in the summer of the 2022 So another opportunity for us and other growth growth and labor for Mattel leveraging the scale of more than $470,000 what we sell our product And I'm wondering about Mattel television 13 shows in production 30 plus or in development new content on Netflix help us draw.
"mattel" Discussed on Squawk Pod
"Sorkin. Every weekday. Subscribe to squawk pod on Apple podcasts, Spotify, stitcher, or wherever you get your podcasts. This is squawk pad with Joe kernan, Becky quick, and Andrew Ross Sorkin. Here's Becky. The holiday shopping season is almost upon us. It is probably going to be the biggest test yet of America's strained supply chain since container filled ships with goods started backing up at the U.S. ports several months ago. So toy makers like Mattel say that it should be able to meet most of the consumer demand for the products like barbies and hot wheels cars. Mattel recently reported third quarter revenue and profit that beat the street's expectations. And it raised its guidance for the third time this year. For more on the holiday shopping season, we're joined right now, but you know, cries. He's the chairman and CEO of Matan. It's good to see you. Why are you so sure that you can meet all this demand that we know we're going to be facing for these toys? What have you guys done to prepare? Well, Becky, you have watched our recent journey and you are seeing the progress since we announced our strategy to transform into an IP driven high performing toy company. We have strong momentum in our business and almost doubled the growth rate of the industry. This past quarter. And as you said, we are we just raised our guidance for the third time this year. And we are on track to achieve our highest full year growth rate in decades. You know, after growing and gaining market share for 5 quarters in a row, we expect to continue driving growth in the fourth quarter increased market share and have a strong holiday season. You know, the stock market has rewarded you, you know, if you're looking for the last year at the stocks up 46%, up 20% just year to date at this point. But I think a lot of people had been kind of waiting to see what was going to happen for the fourth quarter. You told the street very recently that you think you can't handle the demand, but why is that? What have you guys done to make sure you'll have toys that everybody wants for the holidays? Our supply chain and commercial organizations have been able to successfully navigate through disruptions. It's not that we were not impacted, but we did a really good job in finding ways to mitigate for some of the disruption. We anticipated short supply and longer lead times. And the fact that into our planning with very, very clear and very specific mitigating actions, we expedited procurement of raw materials. We accelerated production of finished goods. We booked and contracted the ocean freight capacity and some rates in advance. We secured access to additional ports and shipping lanes and this is really where our scale expertise and flexible supply chain model come into play and showing to be a real advantage for material. Yeah, it's a huge win to be able to get toys to the shelves. But it doesn't come cheaply. All of those additional measures you had to take an expediting things. And plastics prices residents prices have gone up pretty significantly as have a lot of other inputs. What does that mean in terms of what things are costing you at this point and how much of that can you pass on to the consumer? Cost inflation remains volatile and difficult to forecast going forward, we raise prices in the third quarter and expect that between price actions and cost savings on our side over time, we will be able to mitigate inflation impact. Meaning that the consumer is willing to do that at this point, they want toys and they prioritize spending on toys at this point? Yeah, we're seeing continued strong consumer demand for our product. Entering the fourth quarter with great momentum. And off to a very good start in terms of preparation for the holiday season. Our plans are strong retail programs are in place, the promotional plans are looking great. And we have an exciting range of new products that we believe consumer would love and enjoy. You know, you talked a little bit about the transformation that was taking place at the company before we saw the pandemic. And that's something street's been watching very closely. This idea of making sure that you're kind of tying things up with Hollywood in some way with film and movies and making sure there's some cross promotion that's taking place and the toys that you're building kind of play naturally into that. Then you have the pandemic where adults were way more willing to spend money on toys because they weren't spending money in other places. Their kids were stuck at home. They wanted to make sure they were entertained. How do you kind of take apart those two storylines to explain why the evolution that the change that you're making at the company is really paying off above and beyond what we've seen with the pandemic? On the toy side, and on the core business, we've made tremendous progress, our ebitda in the just before we started the transformation in 2017 was a $126 million. And we just put a guidance out at $925 million of adjusted ebitda this year. So in four years, we went from a 126 to guided to be more than 900 million. So that's significant progress. We made also significant progress on improving our balance sheet, leverage ratio is below three, and we're making very, very consistent progress towards becoming investment grade credit investment grade credit metrics. So on the toys, on the core toy side, we are now performing really strongly. On the second part of our strategy to capture the full value of our intellectual properties also made a lot of progress. We put the building blocks in place. We have 13 movies in development right now. We just released 8 television shows this year alone. We have 13 more in production and more than 30 in development. So on in terms of the opportunity to capture full value from our catalog, which is one of the strongest portfolio of children and family and determined franchises in the world, there's a lot of opportunity for us to grow our business in addition to everything we do on the toy side of the company. Well, I mean, is that the future before this for people who don't know, you ran a maker studios. That was acquired by Disney studios. How important is that link between the intellectual property, making sure that that's used as a marketing tool to get kids back interested in toys? How does that kind of work? It really is about finding ways to connect and engage with consumers. We do it at Mattel really well with a very clear brand purpose and a mission that the company put out to create innovative products and experiences that inspire entertain and develop children to play. And in addition to being very culturally relevant, all of our toys have very strong connection to the audience. Are timely and timeless at the same time, we're very focused on design and proud of our innovation. And as a company, do a really good job in executing our plans between supply chain, commercial capabilities and world class design and innovation, we're putting our product that bring together quality safety and value for consumers and seeing that in the numbers in terms of growth, momentum and increased market share. For Barbie specifically, I mean, Barbie was a toy that I think lost some of its luster for a while. It's come back. It's now the number one global toy brand. How much of that is because of the changes in diversity and the different dolls that you're kind of making that look.
"mattel" Discussed on Squawk Pod
"You say something negotiation. It's such a negotiation. I know, but it's the art of haggling taken to the nth degree, and it looks silly. But one and a quarter on the regular or 1.2 on the regular infrastructure and then now we're still I mean, that starts adding up at some point, 3 trillion, doesn't it? I mean, it's a real number. Look, I think your first point was the right one, though, that this is all happening, slapdash in the last minute. So these are very complicated sorts of policies and procedures and trying to figure out how to make them work, how to make them loop little tool proof. So they can't work your way around it. They came up with what to spend about. We'll figure out where we get it afterwards. And maybe not. We'll just get in the Bill we'll find out what's in the bill after it. But just indicative of what kind of a crazy caucus this is, how hard it is to herd cats at this point. Democrats. Because there's only a three votes in the house. You have the one vote majority with the vice president voting in the Senate. So you just don't have anybody you can lose, and that makes everybody really powerful. Anything Joe Biden said it himself. You know, everybody's the president when you go to the Senate and you have such a tight mandate in terms of the votes that you have there. Maybe it's not a good idea to try to do so much when you really don't have the political capital or the people in place to vote for it. Joe, you got the number, sir. I do Comcast reporting. It's results this morning. And I can just tell you that right off the top, the company is kind of saying these are pretty good. Strong quarter across the entire company beating metrics, analyst metrics, almost across the board. When you look at Comcast, obviously, it is a there's so many different facets of the business. And then the pandemic and the emergence from the pandemic, Comcast is an interesting animal to look at with that because of the theme parks, which had almost record operations, even though people aren't coming from Europe, really yet. And that was mostly Orlando. The studio saw revenue increase of almost 27% to $2.4 billion. That was by Fast & Furious 9 and the boss baby. Family business. That I know. You did. Yeah, so our household. The boss baby's big in our House. The company, when people look for a fly in the ointment, they always look at video losses, which in the company always points out as we've said again and again, we do not chase or Comcast as not chasing discounted video customers and they continue to have net additions in broadband plus 300,000. 1.1 million broadband subs and I don't know, is that still a concern if you're losing, you are losing cable TV video customers, not a half of not a half a million, but closer to that, every if that would be almost 2 million a quarter. So you can see the cord cutting is something to be concerned with. But the company would say, you know, you do streaming. The added some of the assets from sky, which the company says continues to perform very well, maintain its momentum in the UK, healthy ebitda, revenue, customer relationships, low churn, and everything else. So the cable, NBCUniversal, the cable operations continue to do. What do you think of those theme parks record? Did you see squawk box mentioned in the actual release? I did not. It's a pretty big company. Can't say that that's a huge surprise. I haven't gone to the I'm surprised. It's not its own line item. It probably should be, but are you sure it's not? NBCUniversal revenue up 57 of it. 57. 57.9%. Just NBCUniversal revenue up to 10 billion. We had a Olympics, things like that, obviously. The broadband customer additions that you mentioned, I think that's a key point because that's what hit the stock month or so ago when there were questions from the CFO about he made some comments at a conference just saying, maybe you're not going to continue to see the same sort of growth that we've seen in the past, because during the pandemic, people were signing up for broad broadband hand over fist. But the total broadband customer editions, as you mentioned, up 300,000 for the full year, 1.1 million year to date, just a year to date to this point. Well, it was a 61 or $62 stock. So I don't know what's in this, I mean, there are positive things in this release that I don't know to an objective observer like me do not seem to warrant a $53 price. On the stock. But that 1% based on what they've seen today. But that's just go ahead Andrew. No, I was just going to say, you know, what's so interesting about the studio revenue, it's up 26 to 27%. I told you 53, 53. Now it's up a dollar 11. Any. There were higher expenses right now and I know people are going to look at that in terms of operating expenses on the studio side. But the truth is that you have to sort of look through those numbers. I think because there was a whole period where they weren't spending money to make films and TV shows, that money's being spent now, and I think you're going to start to see that you'll see the results of that. I imagine over the next 6, 6 months into the next quarter on the quarter after. We're still saving some money. You getting any good at doing your own makeup yet? Sorkin, you get I think you are. You tell me. You tell me. How does it look? Next, on squawk pod, the supply chain squeeze, and the modern Barbie doll, with Mattel CEO and on cries. Barbie is the most diverse door in the market. And it continues to evolve, be more relevant and really more than reflection of the world for today's kids and families. It's less than two months to Christmas and all the toys are still on their way. You gotta take a listen to this. It's squawk pod. That's right, CNBC's flagship business news show is a podcast, squawk pod..
"mattel" Discussed on The BBQ Central Show
"Is this something where you see. A i a general hopper of many hundreds of applicants or is it many thousands of applicants. You know that is a question that i it's hard to enter. We definitely have hundreds of applicants but the process. You know it doesn't get you know we're not interviewing hundreds upon hundreds. Were very specific with what we're looking for what we feel right fit and we're really looking for outstanding barb yours with big personalities in their own point of view when it comes to barbecue so when we find that you know we we moved than four so as the casting director you're bringing the quote unquote talent to the show. Is that the casting departments final call on who gets in or are there also a number of other departments that are going to be interacting on the show that also give input to the final. You know six eight ten or whatever it's going to be definitely a collaborative decision Casting is just the first step. But there are executive producers have visions for the show added culinary producer producers. There is the network so they all way and they're really great that have final. Say let's boilerplate at a little bit. You're casting obviously doing it for well. Over a decade many different portions of the entertainment industry. And i see there are things you look for in an applicant that would trigger a potential contested versus just going to pass onto the next person. So what are the two or three most important things you would tell someone to do or have in their application or video. Were both to get them. The best shot at moving through the process. Mattel i'm asking you. How do i get on the show..
Biden: New Attack Against U.S. Forces in Kabul 'Highly Likely'
"To. The latest developments in afghanistan and president bides new warning that another ice. It's attack could happen there as soon as tomorrow. Alley mattel has late details. President joe biden warning that another terror attack in afghanistan is imminent the president in a statement. Saturday echoing warnings given to him by top. Us commanders that an attack is highly likely in the next twenty four to thirty six hours but they assured him they have all the authorities resources and plans to protect our men and women on the ground this after making good on his earlier. Promise for revenge we will hunt you down. Make you pay a us. Drone strike killed two high profile isis k. members and wounded one other according to the pentagon who described them as planners and facilitators of possible future attacks. The fact that two of these individuals are no law long longer. Walk in on the face of the earth. That's a good thing. Mr biden vowing today. This strike was not the last. But defense officials were tight-lipped on if these targets were involved in thursday's attack at the kabul airport and guarded about the strikes specific impact on isis capabilities. We aren't thinking for a minute that what happened yesterday gets us into clear. Not a minute. The us didn't alert any other countries to the strike beforehand including the taliban the taliban condemning the us attack calling it a direct violation of the sovereignty of our country meanwhile us forces hustling to evacuate personnel with the august thirty first deadline. Less than sixty hours away
"mattel" Discussed on Notsam Wrestling
"So like some people. Some people thought it was like what. How is this even necessary. I thought it was awesome. Like one of the things that so me on this ring was a little detail that bill put in of putting the you know the the two by fours down the planks of wood down under the canvas and it really is like and i think he used some of photography to showcase it. But it's clearly like we've seen that on. Wwe tv we saw gargano and champa used that when they pulled up the canvas and everything and but looking at it and seeing the the the wooden planks that are laid down before the canvas seeing that the under the ring apron actually looks like a ring frame this time instead of just something that is kind of meant to be like. Okay yeah yeah you're gonna put the ring scored over this anyway is so cool. Do you know how many pieces the bottom layer of the ring is actually going to be. I can't imagine it's actually like each individual. Two by four is going to be a step. no no no. I think it's three pieces. Total making up the base. We wanted to be secure also remorse because obviously people will display. People do toy photography and people will play and they're gonna throw figures into it. You know So it's gotta be durable. It's gotta pass safety testing. So there's three three separate pieces as of right now right. That could change but three separate pieces making up that base. And i mean you know You did bring up. It'll be covered up but for toy photographers. Which we all know is huge. Like think about the possibilities there of like terry funk ripping that madoff and and trying to pol dr j. y. on the wood planks. Or you know someone trying to ram their opponents head into the the exposed steel Surrounding the ring. So it's like you have so many more possibilities with those added details that go beyond just the thought of like well it's covered up and it's going to sit there you know. Yeah especially because the canvas in the ring aprons or ever pieces like we've seen the rings down where the aprons and the canvas are kind of one piece the drapes over. But like you theoretically go full gw and just have no wavering. At all right totally two totally true. Yeah no pizza cutters though. No no. that's probably a bad idea. So when was that was. Bill's idea like the actual when the idea was presented that what if the ring construction on this toy was the construction of a ring. Was it like a immediate like yes. This is a home run or was it like this is it. Because it's weird. Been done before. I mean the ideas of of the details and the wood planks. That was all bill. Yeah one hundred percent So i i it was. It was genius. it's never been done before And it's just visually so cool. So you know kudos to him for for the idea because honestly you could have just done a straightforward. You know Just rescale what we did before right because we wanted to to fix the scale of the ring obviously and just go with it that way but he he went the extra mile with all these extra details of tooling up new parts anyway. Why not make them as cool as possible with the entrance way that lights up and everything you guys we set it at comic con. The most led ever put into anything. Mattel ever done is this. Is this deal where it's gonna be like on switch off switch like you turn it on. And that's the pattern or is there more to it there. It's battery powered first of all. Because i have seen that question come up a lot so it's replaced. Someone asked me once it dies done for. You can't plug it in. It's just sealed in batteries. Like an iphone but no charger. So yeah it is battery powered and Are we talking as i believe aa. That was the goal smaller very we. We don't want like you know d. Batteries learn anything right So yeah i think it's four double a like i said that could change your still in development but most most led's ever while over twenty. Don't know the exact number but but it's a lot And then there's an on and off switch and there's a button to toggle through various like light as i calls right some of them that are straight out of content And some all new. So you have a bunch of because you know it to flash in strobe to everyone's various entrance themes or just completely stay on so that's an option as well once again. Great for toy photography all the lights on at once so tons of options are or even for play right. Like i mean as a kid i totally i was so detail oriented as a kid. I absolutely would've toggle whatever. The you know lighting pattern was for the entrance and then toggle back to the solid. Because they're not going to leave the lighting pattern on wall. The matches happening right. That's exactly exactly. And i know i'm already as soon as i get one myself. I'm going to be you know cycling through classic theme songs or watching the light patterns flash off. Yeah i mean you know everybody's just gonna have their iphones right next to it getting ready to play. Everything is they go. That's so it's so fun so okay so the curtain let's get it. Let's get into the details like yes. Is it trying to get must be. It's so big and you have to hold everything up. Does the curtain go all the way through or is there a hard back to it and then and then and then. Because i've seen i see that there's a fabric curtain in the front. Does that curtain go all the way through to the back or or is there a hard backing to it. there's no hardback so We actually tried to do some some footage of the figures coming through the curtain but since they were prototypes there were falling. Apart i was i was trying. I was the hand model during that shoe. And i was trying to push them through and and get a little action like shaking around or whatever when they come through just to demonstrate the curtain. Yeah and it's like the the head would fall off an arm woods arms would fall off so you can just put your finger right through. It's two separate curtain pieces. You can come through the center of the curtain. And it's a really nice quality material Look not knocking rings of the past at all right. You gotta hit costs make it work for retail but this is a step above and that's the beauty of the crowdfunding thing is you can. You don't have to make concessions. You know for for retail or for size or for cost like you just build that into whatever you need to charge right so we're able to plus up even the fabric on the ring skirts the ring apron the term buckles and these curtains here on the entrance. So i mean you know. All i'm going to want to do is build a guerilla position behind where this entranceways. Hopefully at some point you guys put a brother. Love's figure something out there that i can sit right there and guerrilla position as as as one thousand nine hundred. Vincent man is sitting out there with macho man doing the commentary. Oh my god. I wish someday someday i absolutely so okay. This is the mind-blowing thing. Yesterday this announcement comes out that the macho madness announcer pack is now going to be included. And i'm sitting there like okay. I i read it a couple of different ways to. I'm sitting there on instagram. No way no way. I i was like. I'm assuming this with the eight thousand backers and you're like no it's five thousand backers and i'm like oh my god and then and i swear this is how i write it. You're talking about like the accessories. That are gonna come with macho man. And i'm like oh okay. This makes sense. They're gonna just include the jacket and you can put it on your current ultimate edition macho man and then it was like no no no. It's a whole set. It's an entirely new figure. That is coming with this thing so now at five thousand backers you're getting to ultimate edition figures so this this macho may figure firstly well. Let's get exist pack for us because we probably wanna spend more time with macho accessory. Pack is really cool. It's the table with the blue tablecloth over it. So you can put it right. There at ringside. It's got to the old school boxy. Monitors it's got to microphones which i looked and i love the detail. It's the new generation logo on the mike with the yellow. Wwe and the blue box. Yes and slant length..
"mattel" Discussed on Notsam Wrestling
"But do you have the retail partner already on board before you go into production or do you go. We're going to build a new generation arena. And you know we're fine we're matale will will make ten thousand of them and some score will buy them. You want the retail partner on board at least in some way right. You're going to want some sort of commitment or interest from them I in my time. And i've only been in the business for about four years. You mattel but. I've never seen someone to say. I just go forward and produce them in. We'll hope for the best like it's too much of a risk right tasks to live somewhere So we're not just going to produce something in just like try to figure it out later. That's why some of these lead times are so far in advance in addition to all the developments in tooling factory time and all that stuff It's like you know it's the sales aspect of it finding a home for like all this stuff like coming into play along with developing developing the item so When we were okay. Let me give you another good example. There's there's an account. I think it's called unreleased wrestling figures right And it's got all kinds of cool. Wacky prototypes weird stuff. Most likely those items you know unless it was like you know someone left the company or something like that and yet yet the yankees but if it's just like weird line or something or weird execution maybe there was not enough retailer interest. They showed it at a toy fair. You know john at ringside or somebody else took some photos and shared and tried to draw up some interest but at at the end of the day there wasn't enough interest to warrant going into full production on an item or even full tooling and make that investment to make those lines go forward which is really interesting because so many of those items like you look at like. Imagine if we'd gotten that that would have been so cool to get but it's like we're not the ones making. The decisions is the retailers. That are like now. I have this limited amount of shelf space and we're trying to hit where we're trying to hit the widest net humanly possible. Right exactly they want to maximize the productivity of that shelf space so they want stuff that's going to be able to come in and out quickly and if they're like you know my spidey senses tingling and this might move slower for me Or historically we've had similar items and other brands or you know whatever. Their reasoning is Maybe they get a little shy and move away from it so when you're developing this arena. I think that one of the one of the things first of all so. I watched the video. That's a mattel. Creations of the whole thing and i think and i know that i've you know i i look at this stuff so closely and i don't think that even i'm gauging somebody who is as enthusiastic about this project is anybody could be how big the entrance way is like. I had this thing. I was watching like when the sort of the animated diesel figure came out through it. And that's cool and then real quick. I did some math. And i'm like well the fingers gotta be you know whatever. It is six and a half seven inches. Tall is an ultimate. And i'm like it's it's not even like i don't see the top of the entrance way when it comes through. How big physically is this new generation entrance way that you guys are doing. It's really massive. You have to think like diesel was a seven footer. Right right so that figure is over seven inches tall because ww is kind of out there on on e. com or whatever as a six inch scale line. But it's more it's of a seven inch scale line the diesel significantly larger than that And you can see on the photos and whatnot that that thing kinda even towers over him I don't have the dimensions. Obviously it's in development and it may just like you know grow or shrink just a tiny bit So i think that's why we haven't released like exact details of that because that was just a three d. printed prototype right so before before we want to announce real dimensions We wanna make sure that that. That's an accurate information but long story short it's massive diesel is already huge and that thing completely towers over him so yeah. I think that's another thing that people might be a little confused about like i. I was literally having conversation with somebody today so the way it works right now. And we're going to get to the macho madness announcers pack in a minute. Because i think you blew a lot of people's minds yesterday morning. When i woke up and i just start seeing this stuff and i'm like wait and i had to go like i went and found the the the major podcast interview that you did so i could get all the details on this because i'm like i want to make sure that i'm reading wood. I'm reading right. So i i can't wait to get into that but the so the way it works is this thing only gets produced. If there's five thousand backwards at five thousand backers you'll get the ring which again we're talking about. In the second you'll get this massive entrance way that that is the wrestlemainia aid neon lights entranceway. You'll get the ultimate edition. Diesel figure and the macho madness announce it back. So that's what you get at five thousand backers at seven thousand backers if it gets that high up and i really hope it does because this is like yes. Across is the joint ultimate edition figure. That's getting thrown in and then at eight thousand it's ring skirts for both wrestlemainia and for in your house. So i was having a conversation somebody today. And we're both like okay. I would hope that would this macho man is packed. Enough people are like okay. Now now the value if i was questioning the value before i feel like the value is there. It's two figures is the accessory set is the entrance way. It's the ring it's everything and then my buddy goes. Yeah and you know what i mean. They've gone so far with the figure. I'm sure it'll come out eventually anyway. And i told him in. My opinion probably not like that will probably end up on that instagram site. Because.
Halfway There: Suns Beat Bucks for 2-0 Lead in NBA Finals
"Devin Booker led the way with thirty one points including seven three pointers the signs bounced back by nine point first quarter deficit to defeat the Bucks one eighteen one oh eight and take the first two games of the NBA finals Booker says a big play was at ten past sequence that heat and everybody on the floor was involved in you know when your plan like that no it's fun it's fun everybody's touching it you feel the energy the ball when you get it you know you want to make a play for somebody else and somebody something opens up always when you know it's pop in a movie maker Mattel bridges had a career playoff high twenty seven for the Suns Yanis centric approach had a game high forty two for the box including twenty in the third quarter George chatter Phoenix
The Differences Between Barbie Dolls and OMG Dolls
"The barbie dolls own deals are fashion dolls and they both have fake hair. It's not actually real hair. But it's attached to their head and there are different series of each of them and they're both made by different companies. Like for example on deals are made by. Mga and barbie dolls are will manufactured by mattel but actually made by roof handler and they were both inspired by something except bar of barbie dolls inspired by another type doll. I don't bill lit. I don't know how to pronounce it. But that's what it seems to be called and o'neill's on the inter- hinder kind of inspired awhile but l. Laws are like the little sisters of detail so they weren't exactly inspired but yet okay. Now where can you find. Bari allies work. Can you buy barbie dolls. Well barbie dolls are in a lot of stores like targets walmart and well. How much is a barbie doll. Actually well a barbie doll can be about up to twenty even about like if you're twenty nine nineteen dollars
Mattel Launches Recycling Program
"Matchbox cars and mega blocks, the twin makers launched a toy Take back program is a way to keep unused or outgrown toys out of landfills. The program will allow Mattel to recover and reuse the materials from old toys for future products. That's your money now, Jennifer
‘Time,’ The Oscar-Nominated Documentary Is Now Playing on Amazon Prime
"What it means to have a father in the house. What fathers even do one of this year's most buzzed about Oscar nominees for best documentary is Time about Fox Rich and her two decades fight for clemency for her imprisoned husband, Rob, while raising their six Children time winner of two dozen critics and film Fest awards. Now playing on Amazon prime, You know what? It was crazy. Then Diesel is working with Mattel on a movie based on one of the toymaker's products,
The Rise and Rise of Amanda Gorman
"Deep and amanda gorman's closet sits a doll that may or may not have still in the facts of her reluctant owners a month after the twenty three year. Old poet eclipse the transfer of power. At president biden's inauguration with an energizing performance of her song of nation. The hill we climb. She was thinking about an earlier. Discomfiting booking at the american girl boutique at the grove in los angeles. We were out of greenspace a stone's throw from gorman spot in la a one bedroom in an apartment building the color of sherbert reclining on blankets. She spread over manicured null. She tilted her head. Bird like and ground softly. They might get angry at me for saying this. The mattel brand had invited gorman to do a reading celebrating the arrival of gabriele the latest girl of the year to expectant young customers. This was new year's day two thousand seventeen and gorman was an eighteen year old. Freshmen at harvard. Home on winter break decompressing from the surprise of new england frost at the time gorman had already been named youth poet laureate of la the first one ever and was a known and admired figure on the national spoken word circuit the night before the event. The american girl team briefed her. On the biography of the dau- it was like a horror. Movie peel ask. We agreed after. She told me the story. Gabriella loves the arts and uses poetry to help find her voice so she can make a difference in her community the website for the defunct toy reads gorman loves the arts and uses poetry to help find her voice so she can make a difference in her community.
Mr. Potato Head Drops the Mr.
"Nineteen fifty to one toys been captivating hearts across the country. it's Well it's a plastic potato with holes where you can insert different body parts like years and arms or even accessories like glasses. Sounds like fun doesn't it. You know when. I say it out loud. It actually sounds a little weird but beloved. That's for sure. The original mr potato head which came with accessories meant to be stuck in an actual potato not a plastic potato. Sold a million kits in the first year after it was introduced spud wedged. Its way into history. The first toy to be advertised on television and marketed heavily toward children rather than their parents. Maybe that's why mr potato head and his wife. Mrs are still lovingly nestled in millions of american toy boxes today hopefully with a plastic potatoes. Well recently toymaker hasbro announced that the classic tater would be getting a makeover. They'd be dropping. The mr from all of its branding and packaging. Mr and mrs potato heads a line of small collectibles called wait for it tots. Even mr potato head out that whole line of products will now simply be known as potato head. The reason hasbro said in a statement that they were quote making sure all feel welcome in the potato head world unquote and dropping the mr in a push toward gender equality and inclusion shortly after. They made their plan. Public panic ensued on social media. That seventy year old. Mr potato head would be sent to the toy. Graveyard hasbro quickly clarified. That the change would be to the branding and packaging only but the characters of mr and mrs potato head were alive and would stay that way. Hasbro is just the latest toy company to reexamine its products as culture evolves in twenty nineteen rival. Mattel debuted a new line of gender neutral dolls that come with wigs of various lengths and a variety of clothes from skirts slacks ties to dresses. At the time mattel said the dolls were quote designed to keep labels out an invite everyone in unquote and last year. Mattel unveiled a new line of barbies. That may look a bit different than the skinny blond dolls. You remember from your childhood. The new barbie line includes dolls with prosthetics. Buzz cuts skin conditions and a variety of body types. Even a ken doll with shoulder. Length hair put simply toy companies or evolving as their customers do data on transgender and gender non binary individuals is not publicly collected in every state. So it's hard to know exactly how many young people identify such but at two thousand nineteen federal survey found that around one hundred and fifty thousand americans between ages thirteen and seventeen identify as trans. Or non binary hasbro senior vice president. Kimberly boyd kept it simple. In a statement fast company culture has a vault. She said quote the way. The brand currently exists with mr and mrs is limiting when it comes to both gender identity and family structure on quote. Hasbro's planning to release a new set of potato heads. This fall called up potato family. Pack it will come with two large potatoes. One small potato and a variety of accessories typically associated with any gender. That means kids can make a family. That looks like anything they can imagine. Potato head may be a simple toy but hasbro's push toward gender. Inclusivity symbolizes a larger cultural shift toward self identification and invitation for all to think outside the toy box
Barbie's friend Ken celebrates a milestone birthday: 60
"Barbie's friend can is celebrating a milestone birthday sixty Barbie was introduced in nineteen fifty nine two years later he met home and how she knew that she had would be going Mattel senior designer Robert best says since his start can always had a look to fit the times very collegiate looking clean cut all American sort of version it can too much more groovy and mod during the sixties and Ken has become more diverse all the way to today where you have can sort of having different body types available as well as different hair textures Barbie and Ken were named after the children of Mattel founders Elliot and Ruth handler I'm a Donahue
Hasbro, Mattel Say Toy Boom Isn't a One-Off
"Last night. We got a terrific from the tell. That's the iconic toymaker. What happens the soccer name. No kidding it actually said because day reminding. Managers found hard to get excited too worried about the ready crew. Gresley bidding up the canvas stocks. But make no mistake. Mattel's doing great. Ceo on crisis orchestrated effort. -nificant turnaround here. And let's have got yet another confidence-inspiring aspiring quarter. The country poorer top and bottom line with bush guide for twenty twenty one in response suck actually spiked. Three percent in early trading. Getting dragged down by the on weeds. What i'm calling the rest of the market. So could this really have room to run. Let's take a closer look with you on crises. The turnaround orders chairman. Ceo patel real. These results michigan. Welcome back demand money. Jim it's great to be here in on your manager word when things weren't doing waste things weren't doing well when things that down very low you said things are starting to get better. This was the finest fourth quarter in fifteen years despite a worldwide pandemic. Talmadge do it. Yes jim this was an exceptional quarter for mattel without best performance in years with strong consumer demand and another milestone near for the company for the second quarter in a row which have double digit sales growth without grace. The industry in gain share on a global basis but are results excited expectation on many levels with the highest fourth quarter growth in fifteen years as you said with a significant increase in profitability with a full year operating income. That was two and a half times higher than than last year. But this is not just about the quarter or the year. It's about a multi year strategy that is tracking very well which puts us on in a strong position to continue to increase profitability and etc growth. In two thousand twenty one and beyond what i liked about it but these were all fantastic numbers but you told me one day jim this company which has terrible cash flow can make fortunes on everything that it does put out so when barbie has a plus eighteen percent quarter number one toy property globally in twenty twenty doll- but boy you're making a lot more money off each barbie even though they're more interesting fascinating diverse inclusive than any of the line. At that i've ever seen as we made significant progress improving. Our ability. Gross margin has increased for the tenth consecutive quarter. And this is only getting better and stronger in terms of cash flow if you look at the journey that we've achieved last three years. Gross margin improved over. Eleven hundred points are cash flow improved by almost five hundred million dollars and our operating income is up more than six hundred and fifty million dollars so very strong performance on the bottom line. And we're making good progress on the top line as well. This was the second quarter in the row where we improve our top line by double digit. You're making it look easy. There was a time. When i first met who. I looked at your balance sheet and i question you're you're not your visibility your viability. The viability certainly taken off the table. Visibilities take off the table. At this point. I now have to wonder. You've got this great balance sheet now. I mean really is you've delivered. You have the number one of the industry you ever. American girl turnaround. Is it time to do something. Even were used something. The entertainment industry that you used to be king of come on free cash flow has steadily improved over the last three years we went from a negative three hundred and twenty five million dollars in two thousand seventeen to a positive one hundred and sixty seven million dollars this year going forward will will be focused on converting an increasing percentage of our ebitda into free cash flow and as we've previously stated we intend to utilize cash to reduce our debt and improve on balance sheet even further given the expectation for higher and more asian of cash. We expect to Continue to reduce our leverage ratio. And make our way towards an investment grade rating.
Liddell leads No. 13 Ohio St over skidding Michigan St 79-62
"Each a lot Dellin Justin Ahrens carried thirteenth ranked Ohio state to a seventy nine sixty two rout of slumping Michigan state Mattel had twenty points and eight rebounds while helping the Buckeyes hold the Spartans to twenty five percent shooting in the second half Aaron's had a pair of three pointers in the first half and finished with seventeen points in Ohio state's third win in a row and sixth in seven games the Spartans couldn't bounce back from Thursday's thirty point loss to Rutgers shooting thirty two percent as a team Joshua Langford had a team high fourteen points for Michigan state which is now two one six in the big ten I'm Dave Ferrie
The Most Important Chart for the Markets
"We start off tonight with the most important charter in the market. Because of course we would according to one of our traders check out the yield curve spread between ten and two year treasuries at its highest level since february twenty eighteen. So our rates off to the racist. Could this rate shock crush this record rally karen. You flag this yeah. I don't know it will crush this record rally. We don't want rates to skyrocket to quickly. I mean this is a big move but still you know. The absolute is seventy eight basis points but it is sort of telling us that the expectation is that the economy. Oh heat up and we've seen that. The resources traded that tim talks about. We've seen in energy. We're seeing it in the banks Even though they don't really aren't giant to ten spread they do trade that way. So it's indicative of the expectation of a heating economy. Maybe also more stimulus. So that's sort of how position but i also have a big inflation bet on because i do think there is a chance that inflation gets away from the fed and i don't know what they would do in the shorter to medium term the timeframe though tim i mean it's got to be a goldilocks right. Just enough inflation. Not too much inflation. It's gotta be just right. Yeah i mean it definitely not too hot not too cold and you have a case where normalized rates coming out of this and whatever that means also but where we were coming into kobe remember. We're somewhere between one. Forty one seventy five and the ten year so pointed out what the trades that have been beneficiaries or have had the extra boost that comes from this and the resources trade. I mean look coppers three fifty. We haven't been three fifty since march of two thousand and thirteen and some of the trades that look like it's back to the future in the resource look at steel companies. And i'm not just talking about us. Steel look at mattel which arguably the biggest deal company in the world or posco. These you know mt. pk ex. Those are names. you can track over here freeport. We talk about all the time. So i think you have a case where the assessment of all of this to me is more about normalizing. It's not that we're in great shape. And in fact i think we're in a tough place for markets and even some of these trades when we've normalized but we aren't near normalization at this point then later on fiscal even if that's disappointing number Infrastructure to me is is going to continue to rally in these trades member again. you don't buy commodities when you're when they're cheap you buy them when they're running and when they're expensive and i think there's a lot left to do here.
Interview With Dr Matteo Luzzeri
"In this last part of our discussion. We review the lessons learned from the empirical work as avella's mateos thoughts on future directions. In this gnassinde line of research from the show notes. You will find a link to mattel's research which will help in exploring his work for dr martin. Luther terry completed his doctoral dissertation in the field of sports psychology at florida state university. He's also professional water skier. A coach and has a very popular water skiing. Podcast i hope you enjoy the last part of our discussion. A new already. Obviously done a massive amount of work of in- inputting this research together. But i was wondering if you have looked at The actual content of those findings or kind of that would be interesting to take the actual writing and do more qualitative research and analysis on those writings to more. Understand what what's going on there. Yeah so that's that's step two This was definitely something that i want to to follow up on Hopefully when i when my current job winds down in a couple of months. I'll be able to to dive into that. I have obviously read all the old writings And i have done some quantitative analyses on them so Defending the fact that was stopping the tricon of me of meaning. What i ended up doing was analyzing The the words of the type of words that were used. And i use the a what is called dinning quiz. Sticking quired word count so this is A software essentially dead categorizes richton words a bits of text of any length in categorizes the amount of wards in percentage across the totality of words on some categories. It's It's called the liw. See any something that has been used He's being used quite a beating psychological research. And so what i did. Was i analyzed for the intervention group. Six writing Sessions the six writings and suffering since if the expressive the expressive writing exercise about a negative. Like the most traumatic event in sports would elicit more negative emotion than the one about the positive and uplifting event or for instance if the reflective writings would elicit more innovative processing words than dependent. Back your exercises. So i did this type of analyses of tried to see more of like a manipulation of of sorts. So were might writing exercises actually eliciting what they were supposed to release it and fortunately that seemed to be seemed to be the case But in terms of qualitative work. Even i haven't done anything formerly on the data yet. Okay so that would be something that. At least i am very much looking forward to hearing when you when you had the time to look into that and in terms of your intervention. So you mentioned that it was fairly short if you had all the time and resources in the world would you look to do something. That is a longer timespan or what. What would you do differently. If you had all the time resources you needed Seats you might. You might be surprised by my answer. But i would actually make it shorter That's interesting provided a war to do this. Study again because one of the point that in my defense the mike committee made is that you're already working with athletes who are burnt out. And you made the case that they're burned out that you screen for them You we can. We can argue about the criteria. Used to of course. But i went through the effort of screening and taking those who were hiring burnout so the less the least demanding of intervention the better and despite my intervention. I don't think. I don't think was super demanding. Because the average time that is spent on these activities was twenty minutes so twenty times. Three was two hours total across two weeks. Some murky enslaving took more So i i don't think he was very demanding but if i had to do it again with burn out athletes i would probably do. It even shorter if i were to just try to increase. Presence of meaning in sports in athletes not necessarily burnt out athletes Probably i would either do the same or more but the the gold standard would be to to being person as opposed to online There are that are studies he now during interventions a lot of mindfulness intervention studies showing a lot of benefits from an online intervention compared to a nonintervention certainly in not a lot of differences between an online intervention in in-person intervention. Buddy seems to me therefore topics that are these There so the the manding and somewhat strange to talk about how to write about possibly im- person might. We might see something a little different. Yeah i mean as a qualitative researcher. I
Families are Bored, So Classic Toys Are Hot Again
"You know good old fashioned tonka trucks. Barbie dolls and legos are hot again shirts. The holiday shopping season a time when toy sales usually sore. But that's not the reason for this specific spike. The pandemic has changed toy buying habits. According to the washington post parents seeking to entertain board kids and get them off their devices started searching for toys and games that didn't have buttons are screens and they found what they were looking for on the shelves of some of the country's most iconic brands mattel home to such names as hot wheels. Love him and fisher. Price has been watching. Its long loved labels fly out of warehouses at the same time. The company watched it stocks soar. Nearly eighty percent over the past. Six months it's barbie who's leading the charge. However sales of that iconic doll jumped nearly thirty percent in the third quarter the largest quarterly increase in at least two decades. But today's barbie isn't the same tall blond you may remember. In recent years mattel has made barbie dolls more inclusive for years ago. The company introduced curvy tall in petite versions of the dolls. Earlier this month mattel announced barbie extra dolls align a five dollars that have varied body shapes skin tones and features and customers loved finding barbie pals who looked like them so much that some of the new dolls are already sold out according to the washington post toy sales have been something to smile about an dismal retail sector market research firm. Npd group says toy sales are up. Nearly twenty percent year-over-year and parents are turning to the toys of their own childhoods classic playthings like dolls trucks. Let kids amuse themselves for as long as they want. The report says. There's no game over until mom or dad. Say-so board games and puzzles have been other hot sellers. Which has been good news for mattel. Rival hasbro game and puzzle sales spiked nearly ninety five percent in the first two months of the pandemic according to the group when summer hits sailed slowed but many expect another spike as people head back indoors the washington post reports in the third quarter sales of hasbro's monopoly scrabble and dungeons and dragons jumped more than twenty percent according to fox. Business news indicating. That kids aren't the only ones in need of entertainment. Some adults are looking to get in on the fun themselves.
Stock market news today: Dow, S&P waver on stimulus holdup, earnings
"Most stocks rose after the Trump administration resuscitated hopes for a spending package. Treasuries remained higher. 10 Year Yield 100.83% on this Friday the S and P up 12 closing at 34 65. That was a gain of 650.35%. Today, The Dow tumbled 27 points lower by 1/10 of 1% at the worst level but now have been down. 213 dropped their of 7/10 of 1% NASDAQ up 42 for the NASDAQ composite index. That was a game Just about 4/10 of 1% on the week as MP had a weekly loss of about 10.55% Bob Doll is chief equity strategist of Nuveen. He was our guest moments ago, right here on Bloomberg BusinessWeek. So the market is saying, and I think they're a lot of fundamentals to suggest. The largesse of policymakers, monetary and fiscal all around the world are going to provide us with some grist for the mill. If he will, economy is going to be okay now that's dependent on covert behaving itself with some point And eventually a vaccine. Intel after earnings dropped 10.6% today until slumped after a surprise drop in data center. Sales of tepid forecast added to concern that the company is losing its lead in computer chips. American Express is constituting program fell short in the third quarter. American Express shares shares today today down down by by 3.6%. 3.6%. Mattel Mattel rallied rallied after after third third quarter quarter results results shattered shattered expectations expectations Motel Motel up up today today by by 9.6% 9.6% rival rival Hasbro Hasbro Up Up by by 2.4%. 2.4%. So So again, again, recapping recapping turned turned out out to to be be a a mixed mixed day. day. The The down down lower lower SNP SNP NASDAQ NASDAQ Quoth Quoth Higher Higher Gold Gold Little Little Change Change Down Down 72 since the ounce at 1903, West Texas, Intermediate Crew down 2.2% re capping SNP up 12 gain of 4/10 of 1%.
Elton John is getting his own Barbie doll
"Elton John has his very own Barbie doll. Mattel released a special edition Barbie of the icon yesterday to kill Marie. The 45th anniversary of his two sold out shows at Dodger Stadium Back in 1975. So the doll Sports is colorful, zip up bomber jacket with Elton Am Boston cursive across the chest with some flare jeans with his E J initials at the bottom, and the doll also wears this rainbow striped platform boots and a purple Bowler hat. With pink sunglasses
Elton John is getting his own Barbie doll
"Barbie manufacturer but tell a musician Elton John or collaborating to create a new doll. Mattel's website says the Elton John Barbie includes nods to John's iconic style, which Includes rainbow striped platform shoes, a purple bowler hat and pink tinted sunglasses. The 73 year old musician told People magazine. He was inspired by all his favorite sunglasses from his 20,000 pair collection. The doll being sold for
Looking for a good scare? Here are 12 of the best underrated horror movies you need to stream this Halloween
"Halloween season where all stuck at home no one's allowed to go trick or treating in some areas. No one's allowed to do a lot of things. A lot of areas now the other day I was sitting at home and I talked about this to go I was wanting to watch my cheesy horror movies and right now I. Think I'm trying to get I'm trying to get caught up on the Har Movies because my wife does not like horror movies. She does not like she's like they scare me and like on our movies today like modern day horror movies aren't like the horror movies like the junk scares that you that you were watching the Halloween the Friday, the thirteenth, which kind of cheesy after a certain point or any old school halloween movies that. Everyone was scared about I was like Oh my God murderer murderers, ones that really really get me and I'll eat them up. I'll eat them up all day long. I'll sit when my covers pulled all the way up through my nose is those paranormal activities if they could just do a whole bunch of those based in different areas and make me feel like they're real man I love that. I, love watching. Watch Houma God who that could happen that technically could happen. That's the way how a horror movies would scare me is technically that would happen Texas chainsaw massacre. Yes. Sure. If you're a bunch of dumb ass kids in the middle of Texas freighter Thirteenth Yeah No one's coming back from the dead, not yet and. Michael Myers escape from a mental institution. Yeah. That that that can happen somewhere. But not here, this company right here anytime they put their name on a movie. You know how you see the opening credit I say the opening credits the distributed by a such and such film bubble Blah broadcasting or whatever. If I ever see this right here on a movie I'm I'm what I'm already sold I'm watching it and it's bloom house productions b. l.. U. M. House productions, and it's got the low kids sitting in the corner and the the spinning rocking chair because they are a little bit more. Now, the concept of the movie could be really really simple. Really really basic but the way they shoot the movie The cinematography in the movie is always awesome. The music really really awesome. The cut scenes are really really good to the stories flow very, very well, and because of my film theater. And you're like I, don't know what Bloom House production is but you've seen them and here's a top list of all the ones that they started in two thousand. Twenty years ago. By a gentleman by the name, of Jason Blum Jason Blum has created divisions like horror movies, international, TV's and stuff but the horror movies are the ones that like the most and just to give you an idea of what kind of movies they put out you've seen them, you're ready. The first original purge is a bloom house production. Insidious Chapter Two is a blue house production dark skies. Let's see what else paranormal activity in two, thousand, fourteen, another purge the Ouija. Not Luigi Weedy G Board unfriendly, which I just watched the other day and if you watch on fronted it's on Netflix right now it's a really unique concept on how they made just your computer screen itself a horror movie. That's all you see is someone's computer screen and like skype calls, and then that's it. You don't there's no outside footage there's no cameras walking around the building there's no dubbed-in video leads it. Is. One hundred percent done on a computer screen and that's really cool I just watched it. The other day was on call him Fred. Scary nuts gary. It's unique. You just wanted to see it unfold. Let's see split. You know the movie with What's his name Shamlan Bloom House produced it get out with Jordan Peele Bloom House produced it Happy Death Day great movie insidious as you can see I'm. Going right down the list and then of course, the two thousand and twenty one that came out called the again that was a blue house production anytime I see a Blue House production they've got one coming out called the magic eight ball where they teamed up with Mattel film or Mattel films, Mattel the toy they're doing the magic eight ball, which is the one where you shake the ball and you. Could see. Oh my God. My Future Bloom House anything Bloom House has if you're looking for a Halloween a scary night of a theater and watching an extreme weird a lot of movies make you think a lot it's very unique how they approach their style. So anyways, that's Blue House