With the ceo bob iger. Joins us with the latest julia. Melissa, thats right dips disney beat revenue and earnings driven by success at the parks and studio the big news is about disneys big bet on streaming with disney plus launching tuesday bob iger announcing in the interview that they have a Distribution Agreement with amazon and lg pmt iger also announcing a new plan to bolster hulu with fx. For the first time fx will be creating original series for hulu in fact we start with four of them four of them in production now and theyll be available on hulu starting in late march were also going to enable viewers to watch fx shows on hulu soon after they have aired on fx a few hours later. Iger announcing that espn plus now has 3. 5 million subscribers, that the addition of over a million over the course of the last quarter now i asked iger if all of disneys investment in streaming threatens to cannibalize the core Media Network business. We dontbelieve what were doing is damaging the bre
We should also note that yield curves around the world are feeling the pressure as well we did have on friday the german bund, the 10year, falling to its lowest level ever. As for the asian markets, the nikkei down by 1. 75 hang seng also pressured by what is going on in hong kong in terms of the protests there, down 3 . Shaun hi shanghai down 1. 6 in europe, red arrows across the board. Dax is down 1. 35 . Ftse down, as well we have a stronger dollar against the major currencies weaker crude, wti down 0. 7 . Brent down 0. 75 . Couple safe haven trades working this morning, gold prices are up. They actually have been on a great run. They were under 1300 about two months ago you see them up only slightly, little less than 1 , probably because they had been so strong lately not a lot of oomph year. Bitcoin also getting a little bit of a boost right here. Obviously, a lot of capital and motion across borders. That could help the sentiment toward bitcoin you see it up 7 at 11,750 lets talk
Gains and losses for much of the day before surging in the final hour of trading. The dow travelled 5500 points in total when you add up all the moves. With yesterdays rally the dow and nasdaq recovered about half of mondays losses show you whats happening in asia. S generally improved asian markets were mixed, flat hang seng lower by almost 1 shanghai off by 1. 2 europe this morning, positive across the board gains of a half percent generally. Lets go show you whats going on with the yields which has been so interesting in the wake of that wage data on friday the 30year is yielding 3. 03 . Tenyear note at 2. 7 2. 76 we had gotten up to 2. 88 on monday that led to a lot of selling its a key level well talk a lot about as we move through the morning. Fiveyear note at 2. 49 the twoyear at 2. 0. Well have more on the markets as you can imagine in just a moment we have also a breaking Corporate News story making a lot of waves steve wynn is now officially out as ceo of his Company Followin
We actually hit we set for ourselves in terms of cash flow and process from sales at this point in time. So thats helped us continue to maintain the dividends. Investors fear more cost cutting at Air France Klm. Shares take off after europes second largest carriers despite slipping deeper into the red. Amazon delivering for investors. The online retailer surprises wall street with ads 92 million profit in the Second Quarter as its bet on the cloud pays off. Shares skyrocket after hours. Welcome, everyone, to the show. Some Economic Data could bring to you right now, eurozone july pmi manufacturing coming in at a 2. 2 versus the reuters estimate of 52. 5. The flash composite pmi at 53. 7. Interestingly enough, the weaker euro, price cutting not helping foreign demand at this point. This after the german pmi number disappointed. We were looking at the euro in session lows and right now its remaining in a similar position. Euro trading at 109. 47 against the u. S. Dollar. Eurozone busines
Fiveday losing streak for stocks in some six months. Worries about chinas market meltdown and earnings here at home unsettling investors. Josh, is that really whats at play and what has more weight on the psyche of investors, or china . I think the china thing is really weighing on the psyche of investors but its important to keep in mind whats happening in china is really happening against the backdrop of a weakening picture for the market and the reason why thats important to people outside of just a handful of technical analysts is that people actually own stocks and when they look at their portfolio every week, they see less and less of them green, more and more of them red. You see this in decline, highs minus lows, up volume versus down volumes, the percentage of stocks above their 200day moving average. That number continues to plummet each week. People feel less and less good about the advance. And now you have this eightmonth consolidation period where stocks essentially have