The media giant also announced it is removing its movies or will be from netflix and itll launch its own streaming service. We have someone who says launching a mini netflix could be more difficult than disney thinks we have a lot to talk about disney down almost 5 today. North korea, well get to that in just a moment. Mylan warning today its delaying product launches because of regulatory uncertainty. The latest data shows the drug approvals are on pace to set a record this year what kind of uncertainty are they talking about shares trying to stay positive well have the details coming up and blue apron is rallying ahead of its first Earnings Report as a publicly traded company, thatll be tomorrow the stock is well below its 10 ipo price. As you know, we have a debate on whether there is a buying opportunity ahead of tomorrows news look at that, its up 5 today well, its at 6. 11 right now. That would be a 30 cent raise. Lets start though with this very serious story, the tensions risin
The Second Quarter gdp, soaring while corporate price also rising. Bank ceo is a highprofile victim of a Money Laundering scandal. He is set to step down next year. We are looking at china retail sales with production. On top of that, six Asset Investments. 56. We saw this huge spike up when they interviewed all that stimulus. 35 increases in the investments in china. We have been going down ever since. Looking at a number of a. 6 increase. 86 th, nonetheless increase. Growth, nonetheless still being propelled. Productiono got data, 7. 6 there. Retail spending at 11 . Is going towards a nonmac europe nonmanufacturing site. That is what we have to look forward to one hour from now. Haidi one of the missing puzzle pieces, giving that we have had trade numbers. When it comes to the chatter of economy stirring when stability is what they want for this key political year. We had better than expected numbers out of japan. Break down across the board. Except forwas a bit weakness. 30 minutes
Vindicates the focus on media and entertainment. ,ollow me on twitter rishaadtv use trendingbusiness as well. China out with manufacturing pmi numbers. Tom mackenzie is in beijing. What are we seeing here . A minor miss for the july manufacturing pmi data. At 49. 9, then manufacturing pmi for july. The forecast had been for 50, so marginally off. It was 50 in june. I dont think that will cause concern amongst holocene makers, but below forecast. China policymakers. Nonmanufacturing pmi and june was supported by the construction sector. July nonmanufacturing pmi 53. 9, so it will be interesting to see if services have picked up. Key details in the manufacturing firms,a is hiring by factories, keeping labor costs low, starting to increase employment numbers. Also, fixed Asset Investment has been weak. It had been hoped that the weaker renminbi would support manufacturing. Deflationary prices at the factory gates have eased somewhat. Thee is more credit in system in china, so manufacturer
Lets take a look at some of the market movements now. We are seeing a reversal from yesterday. 50 points at 18,000. Moving. The biggest the nasdaq is up. 4 . Apple hired. Google has an event later on today and we mays he a new phone. In terms of other movers today we are looking at currency. Is dollar index strengthening once again. Stronger by about 17 . You can see the dollar index up today. The pound is that its lowest in 30 years. As iss being impacted oil. Mining is one of the major movers down almost 6 . Thats about 30 minutes into the trading session. Lets look at where european markets are. Nejra 19 minutes to the close of trading. One of the key things to note is we have had three stock engages in the u. K. They all hit record highs. Take a look at this chart. Time this hasrst happened in almost 17 years. The last time these three equity gauges hit records at the same time was on the december 30, 1999. In some ways history has been made today. Investors piling into u. K. Equit
The nasdaq finish lower, but we still remain stuck in this range. Joe nasdaq declining because of those tech stock earnings. Google and microsoft getting hit. Scarlet it has been an adjusting week to sift through, especially as they get ready for the central bank meetings. Joe next week should be more interesting from a macro perspective. Scarlet lets go into our computers for a deep dive. You are taking a look at caterpillar. Joe why do we care about caterpillar earnings . I have shows exactly why you care about caterpillar. Caterpillar going back to 2006, the yellow line, versus the green line, msci emerging markets index. Look how well that lines up. Things werewarning not going to be that great. Of miningr does a lot and construction stuff. Caterpillar is beautiful. It is all encompass there. Scarlet it holds pretty well. As much as a bellwether caterpillar is, technology is the most influential sector in the u. S. Stock market, and there has been annexed it is out of technology. E