The economic power of BTS
Summary
Marketplace Morning Report examines a global bond market sell-off driven by expectations of Federal Reserve interest rate hikes to combat inflation. Correspondent Nancy Marshall Genzer explains how rising yields impact stock valuations as investors shift toward safer assets. The episode also explores the massive economic power of BTS, featuring portfolio manager Susan Schmidt on the billions generated by their world tour. Schmidt details how fan spending on travel and merchandise boosts local economies and influences stock prices for agencies like HYBE.
Topics discussed
Global bond market sell-off and Fed interest rate expectations
Sponsor: University of Illinois Gies College of Business MBA
BTS world tour and its massive economic impact on cities
K-pop influence on stock markets and local tourism spending
Fan spending habits and the secondary merchandise market
Credits and preview of State of Seed podcast
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