E*TRADE Generation Trader - Performance of Olympic Sponsors
Americans are coming off big gold medal wins on Thursday from the women's hockey team to men's curling. For premiere athletes, olympic glory can also come with high-valued sponsorship deals. In this episode of Generation Trader in Partnership with E*TRADE Cheddar Anchors Hope King and Baker Machdo explore the performance of some of the top sponsors at this year's winter games.
Visa is sponsoring a number of U.S. athletes at this years games, including snowboarding gold medalist Chloe Kim, slalom gold medalist Mikaela Shiffrin, and free-skier David Wise.The credit card company, which has sponsored the Olympic games since 1986, says it chooses athletes who embody its values of acceptance, partnership, and innovation.
Shares of visa rebounded this week after the stock--like many others--fell during a broad market sell off earlier this month.
In 2017 Alibaba announced a long-term strategic partnership with the International Olympic Committee. IT will be the official cloud and e-commerce provider for the games until 2028. Alibaba's first global ad campaign for the games showcases the story of Kenya's ice hockey team, and pays tribute to "the greatness of small." This week shares of the company are rebounding after it fell as much as 18 percent at the start of February along with the rest of the market.
Ralph Lauren designed uniforms for Team USA. David Lauren, Chief Innovation Officer at the company, told Cheddar, "We want them to feel like they are representing our country and what our country is about." Shares of Ralph Lauren are down more than 6 percent this month, after a recent disappointing quarterly earnings report.
CreditCards.com senior industry analyst Ted Rossman compares the Apple Pay Later offering to similar four-step processes at Affirm and Klarna, and says this is a way for the tech giant to dive deeper into the financial industry.
Tech analyst Rene Ritchie discusses new EU legislation that will force iPhones to use a USB-C charger in fall 2024 and what that means for Apple's strategy in Europe.
Robotics automation technology company Symbotic made its market debut on the Nasdaq via a SPAC merger with SVF Investment Corp. 3, a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers. Symbotic rang the Opening Bell at the Nasdaq to celebrate the occasion this morning. Its debut on Wall Street comes amid an urgent need for logistics solutions, as it aims to reimagine supply chains with its A.I.-powered robotic and software platform. Tom Earnst, CFO of Symbotic, and Vikas Parekh, managing partner at Softbank Investment Advisors, join Cheddar News' Closing Bell to discuss.
Michelle Castillo joined Closing Bell to break down Elon Musk's announcement to SpaceX employees that the Starlink internet business might not see itself as an IPO until 2025, Twitter planning to hand over the user data he requested as a condition of the acquisition, and Warren Buffet-backed Chinese EV company BYD stating it will be supplying batteries to Tesla "very soon."
Meta announced its plans to join the Cannes Lions International Festival of Creativity. This is leaving businesses and customers wondering what the tech giant has in store for the event. Nicola Mendelsohn, the vice president of the global business group at Meta, joined Cheddar News to preview what the tech giant will discuss at this year's festival. "We're going to be showcasing more about reels. We're going to be talking about our commerce solutions, are messaging solutions, and of course, the method of us speaking of new ways to kind of connect with customers," she said.
