Stock Market Winners & Losers: Markets Rise as Yields Retreat | West Maui Reopens After Wildfire Disaster

Winner: Markets rise as yields retreat
- Stocks rose as investors shook off fresh inflation data and cheered a large merger in the energy space. The producer price index rose 0.5% for September, coming out higher than the estimate for a 0.3% rise yet still represented a slowing from the 0.7% producer prices increase in the prior month.
- Exxon Mobil agrees to buy Pioneer Natural Resources for nearly $60 billion in all-stock merger
- New IPO Birkenstock Holding (BIRK) will be going public today
- Taylor Swift: Eras Tour’ Concert Film Sellouts. A a $100M+ projection is in store, and another $50M+ overseas for $150M global debut.
- California may build solar panels alongside highways to power homes. In 2008, Oregon became the first state to develop a solar highway project, which now has nearly 600 solar panels
- Raising Prices Walt Disney World and Disneyland. Annual price passes jumped by nearly 10%, with the Incredi-Pass now selling for $1,449. The highest daily pass increased to $194, a nearly 9% increase from earlier prices.

Winner: West Maui reopens after wildfire disaster
- Travel guidance lifted…
- A Hawaiian state order discouraging travel to West Maui was lifted this past weekend, two months after wildfires raged through the area, killing at least 98 people
- Schools are still closed and thousands living in temporary housing.
• Check-ins:. Occupancy rates are at about 12% and are expected to slowly climb to 32% by mid-November.
• Work/life: About 40% of Maui’s GDP is tied to tourists, who spent $3.5B on the island in the first half of the year.
• 8K+ residents are now out of work and Maui has lost $13M+/day since the fires.
• Pushback: 17K people signed a petition to delay the reopening date.
- After the world’s hottest summer on record, vacation favorites like coastal Greece and Italy could see visitor drop-offs of up to 10%.
- Colder regions like Bulgaria and Greenland are anticipating more tourists in the years ahead.

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