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Transcripts For BBCNEWS World Business Report 20170809

Now its 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 and americas economy . The Magic Kingdom sets out on its own. Disneys announcing it will pull its movies from netflix and set up its own streaming services. Welcome to World Business report. Im sally bundock. Also in our Business Of Birth series we focus on Stem Cell Banking in india. It is proving to be quite lucrative. This week the main Stock Markets in the us have had another record run and londons ftse 100 flirted with breaking into record territory. Its a far cry from ten years ago when the global Credit Crunch started. 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 couldnt afford to repay. The ensuing financial crisis cost the british economy up to 7. 4 trillion pounds in lost output thats close to 10 trillion the us economy

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