Mattel announces the Barbie 2024 Career of the Year

TheStreet’s J.D. Durkin brings you the biggest news of the day, including how the market fared and Mattel's 2024 Barbie Career of the Year.

Transcript

00:00 I'm J.D. Durkin reporting from the New York Stock Exchange.

00:03 Stocks were in the green to close out today's session.

00:05 The Dow up 170 points.

00:07 The Nasdaq up 0.7% while the S&P 500 closed up 0.5%.

00:13 The focus for investors this week, of course, is key inflation data, Thursday's Consumer

00:17 Price Index as well as Friday's producer prices.

00:21 These two reports will shed a bit of light on the U.S. economy while offering hints about

00:25 the Fed's future interest rate decisions.

00:28 Following these reports, Wall Street will turn its attention to fourth quarter earnings

00:31 season as the big banks are set to release their results on Friday.

00:36 In other news, after a blockbuster movie that brought in over a billion dollars to the box

00:40 office and two Golden Globe wins, Mattel is making Barbie a full-time member of the movie

00:46 industry.

00:47 The company announced its 2024 Barbie Career of the Year-themed dolls and the iconic toys

00:52 taken on Hollywood.

00:54 Mattel introduced four new dolls for its Women in Film series.

00:58 There's studio executive Barbie, director Barbie, cinematographer Barbie and, of course,

01:03 movie star Barbie as well.

01:05 Each doll is on sale for $50 a piece.

01:08 The company says the dolls are meant to encourage girls to be creative and think about a potential

01:11 career in the movie industry.

01:14 It's the second year in a row that Mattel has chosen to give Barbie careers in typically

01:17 male-dominated industries.

01:19 The 2023 career dolls featured sports-related positions including coach, referee and general

01:25 manager.

01:26 The first Barbie debuted all the way back in 1959, but Mattel did not create the Career

01:31 of the Year spotlight until 2010.

01:33 Since its start, Barbie has held over 250 different jobs.

01:38 That will do it for your daily briefing.

01:40 From the floor of the New York Stock Exchange, I'm J.D. Durkin with the Street.

01:43 Thanks for watching.

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