Browse content similar to 09/08/2017. Check below for episodes and series from the same categories and more!
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Now it's time for World Business Report. | :00:00. | :00:16. | |
The US market rally shows no signs of losing steam. | :00:17. | :00:23. | |
But what does the high valuation tell us about Wall Street | :00:24. | :00:26. | |
The Magic Kingdom sets out on its own. | :00:27. | :00:29. | |
Disney's announcing it will pull its movies from Netflix | :00:30. | :00:32. | |
and set up its own streaming services. | :00:33. | :00:41. | |
we focus on stem cell banking in India. | :00:42. | :00:56. | |
This week the main stock markets in the US have had another record | :00:57. | :01:04. | |
run and London's FTSE 100 flirted with breaking into record territory. | :01:05. | :01:07. | |
It's a far cry from ten years ago when the global | :01:08. | :01:10. | |
On the 9th of August 2007 there was a swift reduction | :01:11. | :01:16. | |
in availability of loans as banks suddenly found they had billions | :01:17. | :01:19. | |
of dollars in toxic debts clients couldn't afford to repay. | :01:20. | :01:30. | |
The ensuing financial crisis cost the British | :01:31. | :01:32. | |
economy up to 7.4 trillion pounds in lost output - | :01:33. | :01:38. | |
the US economy the cost was more staggering at $22 trillion. | :01:39. | :01:48. | |
So with traders now celebrating a record breaking run for the Dow | :01:49. | :01:52. | |
and other markets have we really learnt lessons | :01:53. | :01:54. | |
from the costly mistakes of the global financial crisis? | :01:55. | :02:01. | |
Well, yesterday it was revealed that in June consumer credit-card debt | :02:02. | :02:05. | |
in the US rose above the previous record set in 2008 to just over | :02:06. | :02:11. | |
In the same month unsecured consumer debt here in the UK topped | :02:12. | :02:25. | |
200 billion pounds - that's $260 billion. | :02:26. | :02:34. | |
So do the stock markets have it wrong or is this level of debt | :02:35. | :02:42. | |
Samira Hussain in New York has been finding out. | :02:43. | :02:53. | |
US markets have been doing this a lot lately, reaching record-breaking | :02:54. | :03:00. | |
milestones something everybody is taking notice of, even at the | :03:01. | :03:08. | |
President. We have picked up substantially more than $4 trillion | :03:09. | :03:14. | |
in net worth in terms of our country, our stocks, our companies. | :03:15. | :03:22. | |
Apple stocks hit an all-time high as did hammers on and that has been | :03:23. | :03:27. | |
contributing to these market highs. As US markets go higher and higher | :03:28. | :03:32. | |
we should be seeing more companies going public and listing on places | :03:33. | :03:36. | |
like the New York stock exchange that is not happening. In fact, | :03:37. | :03:40. | |
quite the opposite. Number of US companies listed is actually going | :03:41. | :03:46. | |
down. Over the last decade, the number has fallen. By 2016, the | :03:47. | :04:01. | |
number falling. That is a 46% drop in the last ten years. So why the | :04:02. | :04:08. | |
decline? Companies have other sources of cash, private equity, | :04:09. | :04:13. | |
bank loans, going overseas. If there are less companies trading, where is | :04:14. | :04:21. | |
all this cash going? If market capitalisation are as healthy as | :04:22. | :04:26. | |
they are at the right so many fewer firms, it asked mean the typical | :04:27. | :04:31. | |
firm is much larger and we are seeing that. Lots of evidence of | :04:32. | :04:37. | |
that. Furthermore, a much greater concentration of that capital in | :04:38. | :04:42. | |
certain kinds of firms. That concentration does not help the | :04:43. | :04:47. | |
broader economy. The President may want to use caution before taking | :04:48. | :04:51. | |
credit. Media giant Walt Disney plans | :04:52. | :04:52. | |
to start its own online streaming services for movies, | :04:53. | :04:55. | |
shows and sports in a change that it says will bring its productions | :04:56. | :04:58. | |
directly to consumers. This will end its present | :04:59. | :05:05. | |
distribution deal with Netflix. Rico Hizon has been | :05:06. | :05:10. | |
following the story from our Nice to see you. What is going to | :05:11. | :05:26. | |
happen to Mickey Mouse! He will live forever. But explain this from | :05:27. | :05:34. | |
Disney? It is a natural step for the Magic Kingdom which has a huge | :05:35. | :05:37. | |
library of valuable movies and shows, from Star Wars, beauty and | :05:38. | :05:43. | |
the beast, to Mickey and Minnie. They want to capture audiences that | :05:44. | :05:50. | |
move on from traditional television. It will be launching its service in | :05:51. | :05:57. | |
2019, mate possible by Disney buying an additional stake in a company for | :05:58. | :06:05. | |
1.5 billion dollars. It is a major blow to Netflix which secured the | :06:06. | :06:14. | |
deal ticking in just last year. How did it do in terms of earnings? | :06:15. | :06:22. | |
Quite a disappointment. Disney seems to be losing some of its Sparc. 9% | :06:23. | :06:34. | |
fall in July. A fall in number of TV subscribers. Its ratings and cable | :06:35. | :06:41. | |
subscriptions falling. It looks for box offered hits the big its | :06:42. | :06:49. | |
successors last year. Growth is dedicated to the parks and other | :06:50. | :06:57. | |
businesses. Nice to see you and see you very soon. | :06:58. | :06:58. | |
Now time for the business of birth, today we turn to India | :06:59. | :07:01. | |
and the controversial topic of stem cell banking. | :07:02. | :07:04. | |
The use of stem cells is still being researched. | :07:05. | :07:06. | |
But in the future it's expected that these cells will be used | :07:07. | :07:09. | |
to treat a host of genetic disorders and help rebuild damaged tissue. | :07:10. | :07:13. | |
Some companies are taking advantage of that, and are making good money | :07:14. | :07:16. | |
But is this money well spent when the benefits are still unclear? | :07:17. | :07:24. | |
Moments after entering the world, this baby girl may have already | :07:25. | :07:33. | |
Her stem cells are being harvested from the blood | :07:34. | :07:39. | |
Stem cells are already being used to treat some diseases and, | :07:40. | :07:44. | |
with hundreds of trials under way globally, one day they could be used | :07:45. | :07:47. | |
to cure a range of genetic disorders. | :07:48. | :08:01. | |
This is the best time to harvest stem cells, | :08:02. | :08:03. | |
rather than a painful procedure later in life. | :08:04. | :08:06. | |
And because of the size of India's population, | :08:07. | :08:08. | |
there is huge potential for stem cell banking. | :08:09. | :08:10. | |
But more people need to do what is happening here. | :08:11. | :08:13. | |
India accounts for 20% of the world's population but less | :08:14. | :08:15. | |
than 1% of stem cell donors come from here. | :08:16. | :08:18. | |
That means the chances of Indians finding a suitable match | :08:19. | :08:21. | |
India's largest bank, LifeCell, has a customer base of 250,000 | :08:22. | :08:25. | |
people - 50,000 of them signing up last year alone. | :08:26. | :08:30. | |
And as the business expands, prices have come down. | :08:31. | :08:33. | |
It costs just over $1000 to have cells collected and stored at this | :08:34. | :08:37. | |
But that is still a high cost for the average Indian, | :08:38. | :08:47. | |
especially when the chances of being able to use your own stem | :08:48. | :08:50. | |
cells for treatment are less than 0.01%. | :08:51. | :08:52. | |
So far the stem cells are being preserved by the family | :08:53. | :08:55. | |
The benefit was only limited to the baby but now we have made | :08:56. | :09:00. | |
a model way and parents can share their stem cells | :09:01. | :09:03. | |
with the community at large and what that does is it increases | :09:04. | :09:06. | |
the benefits and not just for the baby but the baby's | :09:07. | :09:09. | |
siblings, baby's parents and also the baby's grandparents. | :09:10. | :09:12. | |
It is a multi-fold increase in benefit. | :09:13. | :09:14. | |
Experts agree that sharing stem cells in a bank will increase | :09:15. | :09:17. | |
the chances of finding a donor exponentially. | :09:18. | :09:20. | |
The concept of community banking encouraged these first-time parents | :09:21. | :09:23. | |
We are very lucky that we are doing something for my baby, | :09:24. | :09:32. | |
Although sceptics say the medical science is only in the very early | :09:33. | :09:38. | |
stages, parents are willing to take a chance and pay the price | :09:39. | :09:42. | |
to potentially protect their new arrivals. | :09:43. | :09:46. | |
And join the conversation online - do you think it is fair that formula | :09:47. | :09:57. | |
milk brands have their advertising restricted? | :09:58. | :09:59. | |
Let us know your thoughts #BusinessofBirth | :10:00. | :10:09. | |
The raising of tensions between the US and North Korea has caused people | :10:10. | :10:15. | |
to be quite fearful in financial markets are so gold and the Japanese | :10:16. | :10:21. | |
again are climbing and shares are falling. In the US, a slight tick | :10:22. | :10:29. | |
down for the first time in several sessions. Not a big fall again to do | :10:30. | :10:34. | |
with the concerns about what might happen with regards to the US and | :10:35. | :10:40. | |
North Korea. We will discuss that again in the paper preview. See you | :10:41. | :10:42. | |
then. 500 new medical school places | :10:43. | :10:47. | |
will be made available in England | :10:48. | :10:51. |