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Top Toys: Old Favorites Include Barbie, Care Bears
Aired October 09, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little "Business Buzz" right now. So which toys are likely to be at this year's -- are likely to be this year's top sellers?
Carrie Lee has the new hot list from the Nasdaq market site in New York.
Carrie, I think I'm a little tired this morning, how about you?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well, Ghettopoly is not on the list, Carol.
COSTELLO: I bet it's not.
LEE: I can tell you that much. This is the annual ranking from "Toy Wishes" magazine. They come out with the hot toys for each year. Thirteen toys totaled the list this year. Remember Care Bears from the 1980s, well they are on the list once again, as well as some old classics, including Barbie, this time as Odette in Swan Lake, My Little Pony and a new Elmo, Hokey Pokey Elmo, not to be confused with Tickle Me Elmo.
Now the toy industry has seen a slump for the past three years. This is a $20 billion industry, so certainly a lot at stake here. And the thinking, at least in one consultant's opinion, is that toy manufacturers want to bring back some old classics. They are a little bit of a safer bet than some new, not previously tried out toys. So that is the latest, Carol, but you can bet that being listed in this list for manufacturers could mean parents fighting in the aisles for these hard-to-get toys. We'll see.
COSTELLO: Yes. Quick look at the futures.
LEE: Things look very strong this morning. Looks like we're going to see a solidly higher open. Of course the markets yesterday snapped a five-day winning streak. The Dow, the Nasdaq, the S&P 500 all losing ground, each fractionally, as you can see here. One stock we're going to be watching today, Computer Associates. Three executives at the company, including the chief financial officer, have resigned over the results of an internal accounting inquiry. So we'll certainly be focusing on that stock today -- Carol.
COSTELLO: All right. Carrie Lee, live from the Nasdaq market site, many thanks.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired October 9, 2003 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little "Business Buzz" right now. So which toys are likely to be at this year's -- are likely to be this year's top sellers?
Carrie Lee has the new hot list from the Nasdaq market site in New York.
Carrie, I think I'm a little tired this morning, how about you?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well, Ghettopoly is not on the list, Carol.
COSTELLO: I bet it's not.
LEE: I can tell you that much. This is the annual ranking from "Toy Wishes" magazine. They come out with the hot toys for each year. Thirteen toys totaled the list this year. Remember Care Bears from the 1980s, well they are on the list once again, as well as some old classics, including Barbie, this time as Odette in Swan Lake, My Little Pony and a new Elmo, Hokey Pokey Elmo, not to be confused with Tickle Me Elmo.
Now the toy industry has seen a slump for the past three years. This is a $20 billion industry, so certainly a lot at stake here. And the thinking, at least in one consultant's opinion, is that toy manufacturers want to bring back some old classics. They are a little bit of a safer bet than some new, not previously tried out toys. So that is the latest, Carol, but you can bet that being listed in this list for manufacturers could mean parents fighting in the aisles for these hard-to-get toys. We'll see.
COSTELLO: Yes. Quick look at the futures.
LEE: Things look very strong this morning. Looks like we're going to see a solidly higher open. Of course the markets yesterday snapped a five-day winning streak. The Dow, the Nasdaq, the S&P 500 all losing ground, each fractionally, as you can see here. One stock we're going to be watching today, Computer Associates. Three executives at the company, including the chief financial officer, have resigned over the results of an internal accounting inquiry. So we'll certainly be focusing on that stock today -- Carol.
COSTELLO: All right. Carrie Lee, live from the Nasdaq market site, many thanks.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
