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. 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.
Quite a nice return to form. We have had a couple of difficult days, factoring in the chinese story, and the s p has been knocked pretty hard. At 1 10 of 1 i dont feel does justice. Atwere down really sharply one point and then we bounced back quite strongly. You can see it here this is the recovery we saw yesterday on the s p 500. You can see its lower as a result of whats been happening in china. Equities back in form. The chinese devaluation is a storm in a teacup. Veryine Central Banks, rarely do they come out and have a press conference. Or briefing that they were stepping in when the market is distorted, they say. An amazing quote the Deputy Governor. He says, trust the market, respect the market, here the market, and follow the market. How much should the market now be fearing this chinese market, or indeed starting to trust at once again . Guy we are getting a few numbers coming out as we speak. The adjusted that income is 543 million. Thats the german utility below expectation
Francine welcome to the pulse , l ive in london. Im francine lacqua. Coming up later in the program we speak exclusively to the zalando managing director rubin ritter as his company beat secondquarter sales estimates. Francine after that, we will speak to the rwe chief finance officer. Make sure you stay tuned for both these interviews. Manus a rare briefing has been held in china. As the central bank worst to restore calm following the devaluation of the yuan. Francine the currency experience its worst loss in two decades as the peoples bank of china says it would intervene. The Deputy Governor also in charge of the foreignexchange told the media respects the market, fear the market. He did not mention intervene the market. That is probably what he was thinking in the back of his mind. Manus indeed. And try to get some sort of market context. Class test. Lets talk to mark. Weve seen a little bit of a bounceback. Mark lets start with the dollaryuan. This is whatever one has been focuse
Youve gone noseblind to break out the febreze and breathe happy. Take a look at this one. Cameras were rolling after a truck carrying a load of cars on interstate 95 along floridas east coast caught fire. That set off a series of explosions, sending thick, black smoke into the air. The driver managed to unhitch his cab and got away without hurt. Across the country in washington state, an 11yearold boy is in big trouble after stealing a car and taking it on a joy ride. Police noticed the car weaving through traffic, and when they got a closer look, they realized the driver could barely see over the steering wheel. They couldnt get him to pull over, so a police car pulled in front of him and rammed into it. Luckily, no one was hurt. This is a very bizarre case unfolding in a texas courtroom. A man accuses a sperm bank of helping his exgirlfriend get pregnant. The woman now the mother of a 5yearold says she did nothing wrong. Heres abcs linsey davis. Reporter a louisiana man is taking a T
Behind. I was in the back taking care of some customers ordinaers whi heard two gun shots. Reporter that victim was standing at the front counter with two of his friends, those friends were not injured. Two gun shots fired and as the crowd scattered, no one apparently got a very good look at the shooter. At this point, Philadelphia Police are asking anyone who knows anything about the shooting or what happened earlier this afternoon to reach out with tips. Im george spencer. To more breaking news now out of central jersey. One caught fire and exploded as you see right here. Look that flames in this video. Crash happened just before 8 00 tonight. The two drivers escaped with only minor injuries. Good evening everyone. Another big story were following tonight, an 8yearold shot under mysterious circumstances. He found the gun in a park and shot himself. Nbc 10, where theyre searching the boys house . Reporter yes. And the problem is that detectives need a crucial piece of evidence, the ac