Streamers and those in competition with one another. 16. 5 percent taken off the growth of the stock this year. It had been a 400 growth rate. Not a huge amount, but a little bit of trepidation with disney getting in on streaming. Disney down 1. 6 . The market is dragging down with it. It had a great weekend with frozen 2. Disney to be happy about but the stock is lower. Guy in europe, we are at session lows. Stoxx 600 down by about 1. 5 . Every sector in negative territory. We are suffering from a compound, compounding factors. It started with decent data and the market went up, and then not then thegood and narrative has followed through. The u. S. Data not helping. Yields are eight basis points higher. A bid on the euro. Eurodollar, an incredibly tight range of the last month, but today up by around. 5 . The ecb president is speaking on Monetary Policy at the european parliament, saying the bank will be resolute in restoring price ability. And she also said an upcoming strategy revi
Pushing shares of the Company Higher on friday. We bring you our conversation with the ceo, bob swan. But first to our top story. After years of critics piling on facebook, blaming it for altering the news industry, the social network is trying to make nice. On friday, facebook launched its news tab. It will feature articles chosen partly by employees and the company says it will be free from editorial guidance from facebook. There are more than 200 publishers on board. Some, being paid more than 1 million for their involvement. Speaking in new york, Mark Zuckerberg outlined another way for news organizations to make money. You can run your own ads and get 100 of the revenue or you can use our ad network, which we have a lot of engineers and people trying to build a really advanced technology for this and there, we give the vast majority of the revenue to the publisher, but what we have really unlocked here is a Business Model where it makes sense for both parties. Taylor the Senior Vi
Buying, whether in europe or here in the u. S. Yields down by two basis points. Crude off by 0. 1 . Stabilization there as well. Time for the global exchange, where we bring you todays market moving news from all around the world. Joining us from hong kong is , fromly is karen le london, emma chandra, and reporter, and in washington, bloombergs Michael Mckee. In hong kong, reports say the enact ant is said to emergency ordinance. More. Leigh has karen this would give the government wider powers to make arrests more widely. This is something that would be a major escalation by the government if it does happen. It is purported to be happening tomorrow by news outlets here. It comes after a protester was shot for the first time tuesday, a major escalation in the violence we have seen in recent months. This is something that has people questioning whether or protests, oralm whether it was fuel anger at the government and bring more people onto the streets to keep this going for a longer ti
Contributor to americas lawyer is standing by to dig into the details of the drug making deal with the past show to this lets go and dive right in. The continuing and increasingly consequential effects of a trade war between the u. S. And china on chinese tech manufacturer why way lead our global report today the shenzhen based smartphone giant announced monday they are ready ng for a 40 to 60 percent decline in International Smartphone shipments as they face falling sales and a serious and perhaps crippling supply challenge the company has been reeling after it was placed on an entity list by the United States which bars them from being able to procure components from american suppliers while we sustain a 40 percent fall in International Smartphone sales in may compared to the month before while hes president and founder ranging fe spoke about the situation on monday cutting the companys expected revenue by nearly 20000000000. 00 saying quote we estimate will reduce production by 3000
Monday cutting the companys expected revenue by nearly 20000000000. 00 saying quote we estimate will reduce production by 30000000000 dollars this year and the next our revenues will be around 100000000000. 00 while way had previously planned for revenue of 120000000000. 00 in 2019 up from 104200000000. 00 in 28. 00. And signs of weakness in the jet in chinese economy that many or it should be doing in part to the lingering trade fight with the United States seem to be driving the slip and Oil Prices Oil prices fell by about one percent on monday on reports of the growth rate of chinas industrial output falling to a 17 year low growing just 5 percent year over year in may concerns about chinese growth appeared to have exerted enough downward pressure on prices to roughly cancel out the upward push late last week in the wake of the apparent attack on 2 oil tankers in the gulf of oman west texas intermediate futures rose by about one percent on friday while brant futures were up by about