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