Hasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons & Dragons, and the best-selling video game Baldur's Gate 3. So why is gaming such a big growth market for a traditional toymaker? Where is the market heading? And how does a big company judge the success of "freemium" apps like Monopoly GO!? On this episode, we speak to Hasbro CEO Chris Cocks about the business of gaming.

Read More at Bloomberg.com:

Hasbro Stock Rises on Digital Gaming Strength
Hasbro Names Microsoft’s John Hight to Lead Wizards Gaming Division

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Hasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons &amp; Dragons, and the best-selling video game Baldur's Gate 3. So why is gaming such a big growth market for a traditional toymaker? Where is the market heading? And how does a big company judge the success of "freemium" apps like Monopoly GO!? On this episode, we speak to Hasbro CEO Chris Cocks about the business of gaming. Read More at Bloomberg.com:
<a href="https://bloom.bg/3ymwZsJ">Hasbro Stock Rises on Digital Gaming Strength</a> <a href="https://bloom.bg/4cinwAj">Hasbro Names Microsoft’s John Hight to Lead Wizards Gaming Division</a> 
Only <a href="http://Bloomberg.com" data-inline-card="" data-card-data="">Bloomberg.com</a> subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast">bloomberg.com/subscriptions/oddlots</a>

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

How a Traditional Toymaker Is Going Big on Digital Games

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/977ecf6d-6482-4d1b-9395-b1c60153e8ea/transcript

There's a lot of hype around generative AI and many people have interfaced with ChatGPT, Claude, or Gemini at this point. It's fun to ask these large language models to come up with a song parody or to write a story, but most casual users of the technology probably aren't worried about things like copyrights, the sensitivity of what they're inputting into the platform, or even the accuracy of the answers being spit out. It's just fun to play around with the technology. For large companies, however, there's a lot at stake. And concerns over data privacy and output errors are even more pressing if you're a big regulated bank. In this episode we speak with Goldman Sachs Chief Information Officer, Marco Argenti, about how the bank is balancing risks and opportunities in AI. Argenti, who previously worked at Amazon Web Services, talks about the development of Goldman's own internal AI tools, what the new tech means for Goldman engineers and other jobs, what makes a good prompt, and much more.

There's a lot of hype around generative AI and many people have interfaced with ChatGPT, Claude, or Gemini at this point. It's fun to ask these large language models to come up with a song parody or to write a story, but most casual users of the technology probably aren't worried about things like copyrights, the sensitivity of what they're inputting into the platform, or even the accuracy of the answers being spit out. It's just fun to play around with the technology. For large companies, however, there's a lot at stake. And concerns over data privacy and output errors are even more pressing if you're a big regulated bank. In this episode we speak with Goldman Sachs Chief Information Officer, Marco Argenti, about how the bank is balancing risks and opportunities in AI. Argenti, who previously worked at Amazon Web Services, talks about the development of Goldman's own internal AI tools, what the new tech means for Goldman engineers and other jobs, what makes a good prompt, and much more.

Goldman Sachs CIO on How the Bank Is Actually Using AI

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/01d837c3-9c87-412e-b7ab-b1c50144aa7e/transcript

The S&P 500 has plunged more than 5% over the past couple of trading days. The Nasdaq 100 is down 7%. The Nikkei fell an astonishing 13% on Monday and then triggered a circuitbreaker as it climbed up 10% on Tuesday. Meanwhile, measures of equity market volatility like the VIX have soared to their highest levels since the pandemic crisis of 2020. So what’s behind all these dramatic moves? There’s a long list of culprits, with market participants blaming everything from the Federal Reserve being behind the curve, to the deteriorating labor market and softer-than-expected payrolls data on Friday, as well as the unwinding of the yen carry trade, the bursting of the AI bubble, and the reversal of short-volatility trades. In this emergency episode of Lots More, we speak to Charlie McElligott, cross-asset macro strategist at Nomura, about what caused the selloff and how long it might last.

Read More: 
$6.4 Trillion Stock Wipeout Has Traders Fearing ‘Great Unwind’ Is Just Starting
Risky Borrowers Discover Doors Are Closing in Bond, Loan Markets

Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

The S&amp;P 500 has plunged more than 5% over the past couple of trading days. The Nasdaq 100 is down 7%. The Nikkei fell an astonishing 13% on Monday and then triggered a circuitbreaker as it climbed up 10% on Tuesday. Meanwhile, measures of equity market volatility like the VIX have soared to their highest levels since the pandemic crisis of 2020. So what’s behind all these dramatic moves? There’s a long list of culprits, with market participants blaming everything from the Federal Reserve being behind the curve, to the deteriorating labor market and softer-than-expected payrolls data on Friday, as well as the unwinding of the yen carry trade, the bursting of the AI bubble, and the reversal of short-volatility trades. In this emergency episode of Lots More, we speak to Charlie McElligott, cross-asset macro strategist at Nomura, about what caused the selloff and how long it might last. Read More:  <a href="https://bloom.bg/4dhFuEv">$6.4 Trillion Stock Wipeout Has Traders Fearing ‘Great Unwind’ Is Just Starting</a> <a href="https://bloom.bg/3WQljrx">Risky Borrowers Discover Doors Are Closing in Bond, Loan Markets</a> Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast">bloomberg.com/subscriptions/oddlots</a>
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Lots More on Solving the Mystery of the Big Market Selloff

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/23f7fb34-b2b4-4590-a1bc-b1c4011f1c77/transcript

The Nasdaq is now in correction territory and the S&P 500 is down more than 2% so far this month. Analysts are blaming any number of things for the selloff, including a slowdown in the economy, the Federal Reserve being behind the curve on rate cuts, hedge funds rotating out of positions, and waning enthusiasm for AI. But Matt King, the former Citigroup strategist who's now founded his own research shop called Satori Insights, argues there's something else going on. He believes that the world's central banks have only really just begun to drain liquidity from the system, and that the market is still sensitive to the push and pull of their big balance sheets. In this episode, he explains how central banks have pulled the plug on risk assets, why stocks are faltering now, plus his general approach to analyzing markets.

For more on what Joe and Tracy talked about in this episode:
https://bloom.bg/3A2c6TV
https://bloom.bg/4dpfVkz

The Nasdaq is now in correction territory and the S&amp;P 500 is down more than 2% so far this month. Analysts are blaming any number of things for the selloff, including a slowdown in the economy, the Federal Reserve being behind the curve on rate cuts, hedge funds rotating out of positions, and waning enthusiasm for AI. But Matt King, the former Citigroup strategist who's now founded his own research shop called Satori Insights, argues there's something else going on. He believes that the world's central banks have only really just begun to drain liquidity from the system, and that the market is still sensitive to the push and pull of their big balance sheets. In this episode, he explains how central banks have pulled the plug on risk assets, why stocks are faltering now, plus his general approach to analyzing markets.
For more on what Joe and Tracy talked about in this episode: https://bloom.bg/3A2c6TV https://bloom.bg/4dpfVkz

Matt King on the Hidden Forces Driving the Market Selloff

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4da7ed47-9205-47e8-88dd-b1c0014d08d8/transcript

How a Traditional Toymaker Is Going Big on Digital Games

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