Junkfood is a human rights concern. The representative on the right to food says the rise of industrial Food Production along with trade liberalization has let large corporations flood the Global Market with cheap, poor foods. The process forces poor people to choose between economic viability and nutrition. Effectively violating their right to adequate food supplies. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. This is bloomberg. We are 30 minutes from the close of trading here in the u. S. , life from bloombergs headquarters in new york. U. S. Stocks with commissioner shares leading losses. Is the question markets around the world has loan to a crawl. For . Are investors waiting about one hour we will get an update on apple and whether sales of its newest phone will help and its earnings recession. ,nd after unsuccessful test twitter can be slowing down its workforce. All this ahead of its Earnings Report on thursday. Was a clos
Minutes into the trading day in the u. S. Julie things are looking a little bit worse than one hour ago. We have negative buys and stocks are relatively unchanged, but you can see the trajectory going lower. It is more easily seen if you look at the futures so you can see the rolling over that we saw going into the open into the cash trading session we bounced a little cash trading session. And weced a little lower have seen yields had higher. The manufacturing data coming in slightly ahead of estimates and we globally have a little bit of a bounce in yields today as chinese manufacturing data, better than estimated. We have selling of bonds globally. Bloombergp on the shows out dish chose how this is playing out on stocks because groups like utilities and telecoms had relief yesterday as yields went down. Now that yields are backup the stocks are back down. That is what is pulling the stocks overall lower. Some of the individual movers include coach and some of the other luxury makers
We talked about the debates on the markets. Lets go straight to the market desk where matt miller has the latest. Matt we are a half hour in and down across the board. Check out the major indexes, a little half percent of the dow jones, more than 100 points the drop. Yesterday we had the best performance from the major equity indexes in two months. This is a little bit of a reverse bound. 2075. Wn 0. 4 , if you look at the map, and i have it in the bloomberg terminal, you can see nine out of 10 Industry Groups are down right now. The only gainer and really unchanged, consumer mark it is on my touchscreen actually. Matt bismarck talking to me . Turn off your microphone. Consumer discretionary, the biggest losers. Let me tell you what happened at disney. Disney mr. Earnings for the first time in missed earnings for the first time in five years, the first in 20 quarters. Earnings down, real concern about retailers, espn earnings and revenue. Actually espn earnings up a little bit because
Will join us on macys earnings. Jon futures negative, down by 48 points. Europe come after two days of gains, weve rolled over a little bit with the dax off by. 8 . You at italian banks specifically. Bottom sachs calls the after a day of losses. Euro. Nger in the face of a lot of slide in the treasury market, 10 year is in focus today. Yields still lower, down by a basis point. That call on the yield. Does not look so outlandish today. We will talk a lot about the dollar today. Geetha ranganathan breaks down disneys disappointing earnings. How the yen is affecting toyotas bottom line. Guy johnson has goldman is latest call on the dollar. Ahead to theooks vote on Dilma Rousseff. Plummetingisney premarket. It posted secondquarter results that missed analyst estimates. ,e welcome Geetha Ranganathan live from princeton. Lets talk about the shortfall and reaction here. Obviously, they missed both topline and bottomline. Most of their media peers had reported better results. What happened th
Earnings that could change the tone of trading tomorrow. First, netflix which disappointed investors when it said not as many people as expected subscribe to the streaming service in the most recent quarter. Price hikes put off customers and contributed to the sharp slowdown in user growth. On the surface, numbers looked pr scene the. Revenue was inline with expectations and up about 28 from a year ago, it was that subscriber number that sent shares lower initially in after hours trading. Julia bore step has more on netflix results. The big surprise in netflix earnings. Disappointing subscriber additions and projections. The company said the number of new subscribers was on target, the amount of turn or the number of people dropping the service as a result of a price incr kicking in was higher than expected and will continue to impact subscriber numbers in q3. The disappointing numbers are not the result of competition or market saturation, finishing the quarter with over 83 million me