Getting restless this time of week. I am feeling it. Almost here. Anyone looking forward to eating at it and out. I have seen this. A little more. Football team, nine players sick. In n out Officials Say everythings cool and fine. Do you go back to that restaurant and eat even if the executives at in n out say its good . I do because its in livermore, hometown, i love in n out. What if it was a different town . Probably not. Interesting. I wonder if it will bruise or bounce back. It may take a hit. I will treat you double doubleto a investigations underway into two suspicious car fires in Contra Costa County. It happened overnight 1 mile from each other. One on highland way the other hollow brook court. Both east of highway 4. Allie rasmus ktvu live look at the damage. Reporter because they happened within 1 mile within a 10 minute window. Ease Concho County battalion chief says they are considered suspicious. You can see the damage behind me. This is what is left of a avalanche pick u
In its life as a Public Company at least and the biggest u. S. Grocer m a deal ever. And for the purposes of our hour, which normally focus on tech, a nice intersection between an old, Old School Business and a new one. Its amazing. Just from a headline perspective and news that affects people, i cant remember a deal this big i mean, maybe aoltime warner, but you cant eat time warner. Its really a way of bringing things together unlike so many people who are this deal is amazing, i see a number of challenges, potential problems with this deal not necessarily getting consummated, but actually making it work. The logistics operation that you need to run a whole foods is way different from one that you need to distribute using ecommerce if i want cheerios and gatorade, whole foods doesnt sell that so how do you blend the whole foods operation for say produce with the stuff that most people eat yeah, i mean, how do you do all that and be successful while still running whole foods in a way
Now its time for World Business report. The us market rally shows no signs of losing steam. But what does the high valuation tell us about wall street and americas economy . The Magic Kingdom sets out on its own. Disneys announcing it will pull its movies from netflix and set up its own streaming services. Welcome to World Business report. Im sally bundock. Also in our Business Of Birth series we focus on Stem Cell Banking in india. It is proving to be quite lucrative. This week the main Stock Markets in the us have had another record run and londons ftse 100 flirted with breaking into record territory. Its a far cry from ten years ago when the global Credit Crunch started. On the 9th Of August 2007 there was a swift reduction in availability of loans as banks suddenly found they had billions of dollars in toxic debts clients couldnt afford to repay. The ensuing financial crisis cost the british economy up to 7. 4 trillion pounds in lost output thats close to 10 trillion the us economy
Of detoxing withjuice. The founder of nosh detox will be in the studio with us. And ten years on from the beginning of the Credit Crunch, we want to hear your memories of the crisis and how it affected you. Let us know. Use the hashtag bbcbizlive. Hello and welcome to Business Live. Get in touch with your memories. I know for us, it was the start of ten long years of covering the stories and the repercussions of it. This week the main Stock Markets in the us have had another record run and londons ftse 100 flirted with breaking into record territory. Its a far cry from ten years ago when the global Credit Crunch began. Ten years ago today 9th, august 2007 banks suddenly found that they had billions of dollars in toxic debts that customers couldnt afford to repay. So overnight, they stopped offering loans. The financial crisis that followed cost the british economy over £7 trillion in lost output thats close to 10 trillion. For the us economy, the cost hit a staggering 22 trillion. So
Measure. Overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1. 3 , that is a 2 1 2 month low. Hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1. 25 and for stocks in italy and in spain if you want to check out what has been happening with currencies, the yen has been picking up some ground this morning. It is considered a traditional safe haven right now it looks like the dollaryen is at 109. 77, dollar up against the euro. Also seeing a big move in the swiss franc, seen as asafe haven trade. You check that out this morning, but weve also seen gold a little stronger and u. S. Treasuries picking up a bit as well and big news, disney says that it will pull its movies from netflix and launch its own streaming service, it will take several years to complete. Disney making that announcement as it released Quarterly Results