some trading restrictions put on the market three days ago. we had a situation already where sentiment has been weakening since about mid january on the lack of stimulus measures by the government. so after the last inflation numbers, so we could have an overreaction, but then again the trading restrictions being what they are right now it s very hard to play out the numbers especially with ten days of holidays coming up after tomorrow. days of holidays coming up after tomorrow. , ., ., after tomorrow. yes. so what do ou think after tomorrow. yes. so what do you think the after tomorrow. yes. so what do you think the reaction after tomorrow. yes. so what do you think the reaction from - after tomorrow. yes. so what do you think the reaction from the l you think the reaction from the chinese government is going to be then to these numbers that are worst than expected? i think because of the holiday period, they may be buying themselves a few days to think about what to do
its goal of cutting 7.5 billion by the end of this fiscal year. pressure mounts from an activist who has been critical of the company including its disappointing stats at the box office. the company also narrowed its losses specifically in streaming. disney plus increased prices this fall. the they lost subscribers over that. but because each subscriber is paying more for the service, the average revenue per user went up. disney plus is streaming offerings including espn+. the focus of a lot of attention this week. the company announced earlier this week it s partnering with fox and warner bros to launch a new sports streaming this year and ceo said wednesday that the company is taking a $1.5 billion stake in epic games as disney s big move in the game space yet. another focus of attention, disney and politics again after a very public multi year spat with and law suit against florida governor ron desantis who accused the company of being liberal and progressive. actor gina c
behind the alibaba single - our asia correspondent. he was behind the alibaba single stay l behind the alibaba single stay phenomenon in 2009 and has been the chief executive for about eight years and he has been the chairman for around four years but now he is stepping down and he willjust focus on heading up the company s new cloud computing unit which is going to work on artificial intelligence. it is all part of the company s broader pivot away from e commerce and online shopping is what made it its fortune but in recent years sales have been sluggish and the value of the company has diminished and the management decided there was need for a rethink so about three months ago they announced the company would be splitting up into six. we company would be splitting up into six. ~ , . ~ company would be splitting up into six. ~ , ., ~ ., ., company would be splitting up into six. ~ , w . ., , company would be splitting up into six. we will break away to bring you some news
Now on bbc news all the latest Business News live from singapore. Asian Stock Markets sell off from wall street. Why investors in the us and asia are worried. A big push out of china, how long will it take for alibaba to succeed in the american marketplace . Good morning, asia. Hello, world. Thank you forjoining us hello, world. Thank you forjoining us that this thursday edition. We start off with the markets. As you can see right now, the Nick A Kicking off the first day trading session down by 1. 4 . 270 points, Tracking Falls on wall street overnight on worries about washington. We also have the all Ordinaries Index giving back 1. 2 in early trade. Us shares extending losses following reports of a memo byjames losses following reports of a memo by james comey suggesting that President Trump had tried to interfere with a federal investigation. That has made the us investors depressed. Down by 1. 8 overnight and the nasdaq losing a hefty 2. 6 . That leads to concerns that political tu
Us markets have their worst day since the president ial election as turmoil grips the white house. Plus alibaba goes west. Chinas 300 billion E Commerce Giant looks to america but can it take on its us rivals . Welcome to World Business report. Im sally bundock. Also in the programme, japans economy grows for the fifth quarter in a row has abenomics finally paid off . Well be live in tokyo for reaction. But first, we start on wall street where for months optimism about the trump presidency, the markets have been powering to record highs. But late on wednesday the trump bump turned into the trump slump as us stocks and the dollar suffered their worst day since before the election. The cause of the sell off . Growing concern that the president s promised tax cuts and pro business reforms may never materialise, as the white house battles one controversy after another. Lets show you the numbers. The Dow Jones Industrial average fell 372 points, and both the dow and s p 500 suffered their w