Surveying the Carnage: How Real Estate, Travel and Music Are Faring During the Crisis 

The Breakdown

The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries:  Travel and tourism   100m lost jobs expected globally  $2.7 in lost GDP  Airbnb lays of...

The second order effects of the COVID-19 crisis are here, and they’re painful. In this episode, NLW looks at how COVID is impacting three industries: <ul> <li>Travel and tourism</li> <li> <ul> <li>100m lost jobs expected globally </li> <li>$2.7 in lost GDP </li> <li>Airbnb lays of 25% of employees </li> </ul> </li> <li>Music &amp; Concerts</li> <li> <ul> <li>From a record $12.2B concert year to a loss of $9B</li> <li>Expectations of concert prohibition lasting up to two years</li> <li>Industry organizing to be included in relief </li> </ul> </li> <li>Real Estate</li> <li> <ul> <li>Commercial real estate expecting 2.5% default rate for 5+ years </li> <li>Negotiations around sales-based payment instead of traditional rent </li> <li>Residential sees cratering demand but home prices remain up year over year</li> </ul> </li> </ul>

The Breakdown dives into the deepest topics in crypto, blockchain, and the macro forces shaping markets and power structures. Each episode breaks down complex ideas into clear, grounded analysis — separating signal from noise across crypto, finance, and geopolitics.
Hosted by David Canellis, The Breakdown features explainers, interviews, and conversations with the people building, regulating, and challenging the financial system.
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