News Story of the Day: aside from “Dunkirk,” what Hollywood motion pictures have you found to be incredible this year? You could probably count them on one hand, and this is apparent among American moviegoers.
According to Bloomberg Intelligence, year-to-date receipts are down roughly two percent and theater chain AMC is projecting a 1.5 percent decline for the entire year, even with blockbusters like “Star Wars” and “Blade Runner” scheduled for releases later this year.
Many of the blockbusters this year have failed at the box office, including “Transformers,” “The Mummy” and “Pirates of the Carribbean.” And this isn’t just in the U.S., but also in Canada, where customers are sick and tired of sequels, reboots, prequels, remakes and the creative bankruptcy coming from Hollywood.
Eric Wold, an analyst at B. Riley & Co, told Bloomberg:
“Until you see box office turn, people have to assume the worst for everything and that is why see people stay relatively concerned on the space until you get to Q4. You have got zero opportunity for positive news until maybe November of Q4 when the slate looks a little bit better.”
Even “The Murder on the Orient Express” looks awful. Hercule Poirot does not have a moustache like that!
Chart of the Day: is the bubble beginning to burst in technology stocks? That’s what looks like is happening right now. MarketWatch posted a chart that found interest in tech stocks is starting to dip to its lowest level since late 2016. Here is the chart:
Illustration of the Day: Australians think China is the world’s super economic power, while South Koreans think it’s the United States that is the world’s super economic power. A new infographic found that your perception on who is the world’s super economic power depends on where you live:
Quote of the Day: one of the greatest economics books that have ever been written was Henry Hazlitt’s “Economics in One Lesson.” It can turn anyone into an economics junkie and see the world through an economics lens. Here is a great passage from the book:
But the tragedy is that, on the contrary, we are already suffering the long-run consequences of the policies of the remote or recent past. Today is already the tomorrow which the bad economist yesterday urged us to ignore. The long-run consequences of some economic policies may become evident in a few months. Others may not become evident for several years. Still others may not become evident for decades. But in every case those long-run consequences are contained in the policy as surely as the hen was in the egg, the flower in the seed.
Tweet of the Day: when Donald Trump was just a private citizen, he regularly attacked President Barack Obama, particularly over his vacations. Well, the tables have turned and now you can tell it was simply talk to rile up his supporters.
There’s always an old tweet. Trump starts a 17-day vacation today. https://t.co/HMXFCt74d7
— Kyle Griffin (@kylegriffin1) 4 August 2017
Video of the Day: it is safe to say that integrity, class and respect are all gone in the political arena. With the likes of President Donald Trump and DNC chair Tom Perez uttering foul language every time they speak, it has paved the way for other politicians to start espousing profanities. Former Mexican President Vicente Fox said the F-word again, but this time on CNN:
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