Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES
Funny Business Video Gallery
A look at what's likely to happen at the registers once the doors open on Friday, with Richard Hastings, Global Hunters ...
Whether the deals are better than what shoppers will usually see or if it is just another marketing tactic, with Hitha P...

SQUAWK BOX VIDEO

» More

Current DateTime: 03:21:44 27 Nov 2009
LinksList Documentid: 31388230
Expiration DateTime: 11/27/2009 3:24:10 PM
    • Shopper & Investor Deals  25 Nov 2009

        A look at what's likely to happen at the registers once the doors open on Friday, with Richard Hastings, Global Hunters Securities; Richard Jaffe, Stifel Nicolaus & Co. and CNBC's Jane Wells.

    • Black Friday: Bargain or Bust?  25 Nov 2009

        Whether the deals are better than what shoppers will usually see or if it is just another marketing tactic, with Hitha Prabhakar, Style File Group; Brad Wilson, BlackFriday2009.com and CNBC's Jane Wells.

    • Holiday Central  25 Nov 2009

        A discussion of the many ways retailers are preparing for Black Friday, live from K-Mart in Burbank, CA, with CNBC's Jane Wells.

    • Retailers Getting Ready for Black Friday  25 Nov 2009

        Retailers are getting ready for Black Friday, and CNBC's Jane Wells has the play by play. Stacy Janiak, of Deloitte, shares her insight.

    • Amazon vs. Wal-Mart  24 Nov 2009

        What began as a price war between Wal-Mart and Amazon over a handful of books has nos spread to a wide assortment of consumer goods. Lee Eisenberg, a noted retail expert and consumer behaviorist, and CNBC's Jane Wells discuss.

    • Prices to Be Thankful For  24 Nov 2009

        A decrease in food prices is something to be thankful for this holiday, reports CNBC's Jane Wells.

RSS FEED

» Help

Current DateTime: 03:21:45 27 Nov 2009
LinksList Documentid: 31388237
Expiration DateTime: 11/27/2009 3:24:17 PM
powered by digg

Funny Business

Text Size
Aug.27
4:47 PM ET
Wednesday, 27 Aug 2008
Vegas Confidential: 'Elvis' Talks Economics
Posted By:Jane Wells
Sectors:Media

Elvis impersonater in Las Vegas
ELVIS IN HEARTBREAK HOTEL

I'm reporting all day from the Las Vegas Strip, and we have extended coverage here on the Web.

But I just spoke with Elvis and got the real scoop.

This "Elvis" came to Las Vegas two years ago, and makes a living performing at private events, weddings, and occasionally getting a bit part in a production. His real name is Michael Jordan -- I kid you not.

He says from the street-view level where he works, there's a whole lot less "Viva" in "Las Vegas" these days. He claims the economy is much tougher than city officials and executives say it is. We're not talking about the high rollers who stay at the Wynn. We're talking about regular two-pack-a-day Las Vegas.

"I'm not getting any work," says Elvis, who adds that a lot of hotel and casino workers have been laid off.

He first started to notice the slowdown last fall, but it really hit him on New Year's Eve. Usually Las Vegas Boulevard is almost a parking lot on New Year's Eve, but this last time, "you could drive right up the Strip."

He says you can see the downturn in lots of little ways. At one large venue here, for example, Elvis says "for the whole month of July, they only did 13 weddings."

Where did I find Elvis? I ran into him after he'd worked a private event and come to the Tropicana to put $5 in the Wheel of Fortune slot machine. How'd The King do?

"Unfortunately, I lost."

Now that's a heartbreaking image...

______________________________________
Sin City Stock Check:

- Las Vegas Sands [LVS  Loading...      ()   ]

- MGM Grand [MGM  Loading...      ()   ]

- Wynn Resorts [WYNN  Loading...      ()   ]

______________________________________

Questions? Comments? Funny Stories? Email

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 06:14:06 27 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 09:11:31 27 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 10:38:14 27 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 07:56:30 27 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters