On the changing ways people watch television. Time warner reported a strong quarter. And they werent concerned about cutting the cord. Still the market didnt buy it. Discovery also failed to impress when it missed both on earnings and revenue expectations. Investors were alarmed. Fears about cord cutting hit the sector hard with disney a dow come possibly faug more than 9 . Time warner off off the same almost. Discovery falling 10 . A Television Industry in flux. Media giants future may hinge on corn cutting trends and stand alone media apps. Disneys talk of subscriber losses and the companys outlook dragging shares lower. The ceo saying the pay tv bundle is still relatively strong and isnt going away. Even as the handle scape changes, disney is well positioned. Look at what position. In material of how people watch television. It is still the dominant form of television. Espn is fortunate that it is a brand that we believe ports well to any new platform. Whether it is smaller bundle a
Reaction one that was focused on the changing ways people watch television. Time warner reported a strong quarter. And they werent concerned about cutting the cord. Still the market didnt buy it. Discovery also failed to impress when it missed both on earnings and revenue expectations. Investors were alarmed. Fears about cord cutting hit the sector hard with disney a dow come possibly faug more than 9 . Time warner off off the same almost. Discovery falling 10 . A Television Industry in flux. Mediaiants future may hinge on corn cutting trends and stand alone media apps. Disneys talk of subscriber losses and the companys outlook dragging shares lower. The ceo saying the pay tv bundle is still relatively strong and isnt going away. Even as the handle scape changes, disney is well positioned. Look at what position. In material of how people watch television. It is still the dominant form of television. Espn is fortunate that it is a brand that we believe ports well to any new platform. Wh
Immediately shares of some of the worlds Biggest Pharmaceutical Companies stumble. Whats next . Donald trump outlines plans to quarantine himself from his complex empire. Is it enough . Pushing up prices. Why increased competition is not able to bring down the cost of lifesaving medicine. The second part of our series and more on nightly Business Report for wednesday, january 11th. Good evening, everyone and welcome. For the first time in six months the president elect held a formal, but not sedate news conference. He took questions on a range of issues at trump tower in manhattan that captivated not only main street, but wall street. The incoming president by terms gracious thanked fiat for their u. S. Investment plan that rch etted up General Motors to do the same. He took a shot at the f35 program from lockheed, the most expensive weapons system and repeated the pledge to repeal and replace obamacare. It was his staff on the drugmakers that hit the stock market today. Fizer and John
Immediately shares of some of the worlds Biggest Pharmaceutical Companies stumble. Whats next . Donald trump outlines plans to quarantine himself from his complex empire. Is it enough . Pushing up prices. Why increased competition is not able to bring down the cost of lifesaving medicine. The second part of our series and more on nightly Business Report for wednesday, january 11th. Good evening, everyone and welcome. For the first time in six months the president elect held a formal, but not sedate news conference. He took questions on a range of issues at trump tower in manhattan that captivated not only main street, but wall street. The incoming president by terms gracious thanked fiat for their u. S. Investment plan that rch etted up General Motors to do the same. He took a shot at the f35 program from lockheed, the most expensive weapons system and repeated the pledge to repeal and replace obamacare. It was his staff on the drugmakers that hit the stock market today. Fizer and John
Economic activity. And today, a rash of economic reports from jobless claims to personal income and spending gave us a look at just how fiscally fit americans are heading into the biggest shopping season of the year. Steve liesman breaks down the data. Reporter a torrent of Economic Data released early ahead of the holidays presented an economic puzzle. How can the same data both bring down the outlook for growth and consumer spending, and yet, keep economists upbeat about the holiday selling seasony for the answer, you have to delve into the data and keep your rosecolored glasses handy. The bad news, consumer spending, Consumer Sentiment and new home sales came in below expectations. Some of the data included downward revisions to prior reports. So, consumers not as upbeat, and they arent spending a whole lot ahead of the Holiday Season. Ug. And all of that prompted wall street to lower their Growth Outlook for the Fourth Quarter from 0. 3 to 2 as updated in the rapid update. Ug again