• 2 months ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why playing the lotto is getting more expensive.

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Sports
Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:05Stocks rallied into the close on Tuesday, but gains were tepid ahead of key inflation
00:09data and quarterly corporate updates.
00:12On Wednesday, the Federal Reserve will release the minutes from the September meeting that
00:16brought the surprise 50 basis point rate cut.
00:19Investors will also look for any hints on the mood of the consumer as Amazon wraps up
00:25its two-day prime shopping event.
00:28In other news, as the old saying goes, you have to spend money to make money.
00:32Well, now that line of thinking applies to anyone hoping to hit it big by playing Mega
00:36Millions.
00:37Lottery officials announced that beginning in April, the price of a Mega Millions ticket
00:41will more than double, increasing from $2 to $5.
00:46However, Mega Millions officials claim that bigger sticker price should lead to bigger
00:52prizes with one stating, quote, we expect more billion-dollar jackpots than ever before,
00:58meaning creating more billionaires and many more millionaires as the jackpots climb.
01:03Plus, this game will continue the important legacy of supporting great causes everywhere
01:09Mega Millions is played.
01:11This is just the second price hike in the 22-year history of Mega Millions with a cost
01:15of a ticket going from $1 to $2 in 2017.
01:20Since that increase, there have been a total of six billion-dollar jackpots, with the prize
01:25climbing to a record $1.6 billion in 2023.
01:30Just a reminder, your chances of winning are really, really slim.
01:35The current odds of hitting the Mega Millions jackpot is one in 302.6 million.
01:42That'll do it for your daily briefing from the New York Stock Exchange.
01:45I'm Conway Gittins with the streets.
01:50Thanks for watching.

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