Drawing some questions about that data and how reliable it can be. To the upside, spotify closing up about 8. 4 . That company signing an exclusive deal with joe rogan, one of the more popular podcasters, a deal that could be worth more than 100 million this year. Scarlet pretty incredible deal for mr. Rogan. This incredible reversal we saw in late trading, almost three stocks down for everyone that is higher on the new york stock exchange. Of the 11 industries on the s p 500, all 11 are down. On the dow, only three gainers. The market turned pretty quickly from what was looking like an extension of yesterdays rally. Reportinggoing to be this week. Walmart and home depot, for the most part, showed they are getting a little bit of a boost from their status as a businesses. It is interesting to see how the shift in consumer buying patterns have been reflect in the sales. Also point should out, outside of equities, we did see Wti Crude Oil moving higher. Mind, when we went from that may t
Return of its boeing 737 max from its schedule until mid january thats longer than any other u. S. Based airline american had previously planned to fly the model by early december the federal Aviation Administration has not said when it will allow airlines to operate the jet it has not been flown since march after 2 fatal crashes within months of each other boeing has developed a software fix for a malfunctioning Flight Control system u. S. Authorities have yet to approve it. And lets go to our financial correspondent in new york he ends quarter for more on this boeing stock doesnt seem to be too affected by this decision today despite the cost of the company could incur from this grounding whats Investor Sentiment about the company right now. Well i mean the 737 machine than the 737 series in general are the best selling planes for boeing yes there are delays yes there will be a loss you would say yes there have been some possible cancellations from customers but overall and analysts
Hours after the fall of the berlin. Summer night. Boeings money maker cant seem to take off again concerns over the still grounded 737 max growth as a Major Airline cancels more flights with the aircraft through for the next year well have the details. Also on the show is the fossil fuel economy on the brink of collapse u. S. Economists and all the Jeremy Rifkin thinks so and tells us how a greener economy is already in the making. This is your Business Report im stephen bears him to lead thanks for joining us. American airlines is delaying the return of its boeing 737 max from its schedule until mid january as longer than any other u. S. Based airline american had previously planned to fly the model by early december the federal Aviation Administration has not said when it will allow airlines to operate the jet it has not been flown since march after 2 fatal crashes within months of each other boeing has developed a software fix for a malfunctioning Flight Control system u. S. Authori
Our country was elected as the new head of this group. Mr. Amir abdulahi, after transferring the presidency of the assembly of the Islamic Republic of iran , in a speech, reminded the commitment of the Islamic Republic of iran to multilateralism and the role of multilateral institutions in understanding between countries to overcome problems. Global and also creating opportunities for growth and development, the minister of Foreign Affairs of asia considered the cradle of ancient civilizations and cultures to consider multilateral cooperation as a tool to activate the Great Potential of this continent. More powerful through new and emerging technologies announced that the forum was chaired by bahrain for the past 2 years. 35 Asian Countries are members of the asian cooperation dialogue forum, which was established two decades ago with the slogan of dialogue, and the headquarters of this group is in kuwait. And egypt on the sidelines of the United Nations General Assembly meeting and cl
Amazon Founderjeff Bezos briefly becomes the worlds richest person. But wall street nerves about the companys massive Spending Push him back down to number two. Plus, Making America Grow again. Will the latest figures on the us economy bring President Trump closer to his 3 target . Welcome to World Business report. Im rachel horne. Also coming up a billion dollar round of coffees as starbucks buys out its chinese partner. But first we start with retail giant amazon. It has seen its shares fall sharply after its latest figures disappointed wall street. The good news it is raking in huge sums of money as its sales keep expanding. The bad its spending a fortune on developing its business, and that is making investors nervous. Lets show you the details. Total sales in the three months tojune jumped almost a quarter compared to last year to just under 38 billion. Unfortunately, they spent almost all of it Operating Expenses surged to well over 37 billion. That means there wasnt much actual