Taylor Swift is now breaking records at the box office

The Street
The Street
  • last year
TheStreet’s J.D. Durkin dives into the biggest business news of the day, including fallout from the August jobs report and Taylor Swift breaking box office records.

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Sports
Transcript
00:00 I'm J.D. Durkin reporting from the floor of the New York Stock Exchange.
00:03 Stocks were mixed to close out today's trading session.
00:06 The Dow closed up 0.3 percent.
00:08 The Nasdaq closed down fractionally.
00:10 The S&P 500 closed up 0.18 percent on the day.
00:15 Investors still digesting the better than expected August jobs report out this morning.
00:20 The U.S. economy adding 187,000 jobs and the unemployment rate rose to 3.8 percent, stoking
00:27 optimism that the U.S. might be able to avoid a recession.
00:30 The Federal Reserve will highly consider this report when making its next interest rate
00:34 decision in a few weeks.
00:36 Wall Street is also reacting to key manufacturing data.
00:39 The ISM Manufacturing Index, which measures how healthy the manufacturing sector is, showed
00:44 that economic activity shrunk once again in the month of August.
00:48 Economists point to this figure as a key indicator of how the economy is faring.
00:53 And as if being on a record-breaking tour simply wasn't enough, more than a month ahead
00:58 of its release, Taylor Swift's Eras Tour movie breaking AMC's record for single-day advance
01:04 ticket sales with $26 million in purchases.
01:08 The previous record holder was Spider-Man No Way Home, which brought in nearly $17 million
01:12 in 2021.
01:14 With the average face value ticket price of $253, the Eras Tour is on pace to become the
01:20 first to gross $1 billion in ticket sales.
01:24 Elton John's Farewell Yellow Brick Road tour is the current record holder, as it grossed
01:29 over $900 million, according to Billboard Box Score.
01:33 And while Sir Elton might never, ever, ever be gracing the stage again, Taylor Swift will
01:38 likely have plenty of opportunities to break her own record.
01:42 That'll do it for your daily briefing.
01:43 From the floor of the New York Stock Exchange, I'm J.D. Durkin with The Street.
01:47 -

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