Knicks Fans Priced Out of MSG Head to Texas for NBA Finals

June 3, 2026

AI Summary

5 min read

Knicks Fans Priced Out of MSG Head to Texas for NBA Finals

The New York Knicks are back in the NBA Finals for the first time since 1999, and the pent-up demand is enormous — but the cheapest nosebleed seat at Madison Square Garden on resale sites is going for $5,000, with courtside tickets approaching $160,000. That has driven some diehard fans to an unconventional solution: flying to San Antonio to watch their team play the Spurs on the road, where a ticket, hotel, and flight still cost less than a single ticket at MSG.

Retail Earnings Show a K-Shaped Recovery in Action

Macy's reported its fourth consecutive quarter of positive same-store sales, a notable achievement for a challenged department store chain. Overall sales rose 1.8%, and same-store sales climbed 3%. CEO Tony Spring's turnaround plan — upgrading merchandise with higher-end brands and sprucing up stores — appears to be gaining traction. Bloomingdale's was the standout, with comparable sales up more than 10%, benefiting both from the bankruptcy of Saks and Neiman Marcus's parent company and from investments in the shopping experience, including new Chloe ready-to-wear and a large Prada shoe department in its 59th Street store.

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What you'll learn

1 (00:18) **Meta Launches AI Agents for Business Customers** - Meta begins courting enterprise clients with new AI agents that can answer questions, book appointments, and close sales.
2 (00:54) **Macy’s Raises Outlook After Strong Quarter** - Macy’s reports a 1.8% sales rise and a 3% same-store sales increase, its fourth consecutive positive quarter.
3 (03:33) **Pershing Square to Exit Universal Music Group** - Bill Ackman’s hedge fund is set to make $600 million by selling its remaining stake in Universal Music Group.
4 (03:48) **Market Reversal: Stocks Fall, Oil Rises** - Stocks retreat from record highs, with the Dow closing down 1.2%, while oil prices jump nearly 2%.
5 (07:09) **House Votes on Iran War Powers Resolution** - The House plans a symbolic vote to restrict President Trump’s ability to continue the war against Iran without congressional approval.
6 (07:56) **Ukrainian Drones Strike Russian Oil Terminal** - Ukrainian drones hit an oil terminal in St. Petersburg and a nearby naval base.
7 (08:26) **Ebola Spreads to Militant-Controlled Region in Congo** - The Ebola outbreak has reached an area of the Democratic Republic of Congo controlled by Islamic State militants.

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Show Notes

P.M. Edition for June 3. Many New Yorkers looking to watch the Knicks play in the NBA Finals are finding themselves priced out of Madison Square Garden. We speak to Journal sports reporter Jared Diamond about what’s got prices so high, as well as a few Knicks fans who found it more cost-effective to travel to San Antonio to see their team play the Spurs. Plus, Meta launches artificial intelligence agents for businesses. WSJ tech reporter Meghan Bobrowsky discusses Meta’s enterprise ambitions. And, federal regulators are investigating whether former Congressman George Santos traded illegally on prediction markets. Alex Ossola hosts.

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