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 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 1 trillion. In the same month unsecured Consumer Debt here in the uk topped 200 billion pounds thats 260 billion. Again, a level not seen since 2008. So do the Stock Markets have it wrong or is this level of debt now more sustainable . 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 thatis like the New York Stock Exchange that is not happening. In fact, quite the opposite. Number of us Companies Listed is actually going down. 0ver Companies Listed is actually going down. Over the last decade, the number has fallen. By 2016, the number has fallen. By 2016, the numberfalling. 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 bank loans, going overseas. If there a re less 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 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 wa nt to 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 Asia Business hub. 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 Injust last 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 injuly. To be losing some of its sparc. 9 fall in july. A to be losing some of its sparc. 9 fall injuly. A fall in number of tv subscribers. Its ratings and Cable Subscriptions falling. It looks for box offered hits the big its su ccesso is 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 its 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 by offering to bank stem cells. But is this money well spent when the benefits are still unclear . Suranjana tewari went to find out. Moments after entering the world, this baby girl may have already saved another life. Her stem cells are being harvested from the blood in her umbilical cord. 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 indias 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 worlds population but less than 1 of Stem Cell Donors come from here. That means the chances of indians finding a suitable match are extremely low. Awareness is growing though. Indias 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 facility was for 75 years. Facility for 75 years. 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 for their own private use. 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 notjust for the baby but the babys siblings, babys parents and also the ba bys 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 to bank their babys stem cells. We are very lucky that we are doing something for my baby, to help babies in the future. 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. Suranjana tewari, bbc news. 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 next year, as the government attempts to boost the number of home grown doctors in the nhs. The target is to increase the total number of training places by a quarter by 2020, to help ease staffing pressures. But the British Medical Association says it wont address the immediate shortage of medics. Jessica parker reports more doctors, home grown. The government has given more details on what it says will be the biggest ever expat should of the medical workforce in england. What we are doing is ensuring we train enough home grown doctors so the nhs becomes self sufficient over the period of the next ten years or so. That is the best way to make sure we have the doctors we need in the future. An extra 500 medical School Places will be made available. By 2020 it will grow by 1500, a 25 increase in yearly intake over role. Medical schools will have to win many of those extra places by the assurance that they can get graduates to work in rural placements and by bringing in trainees from diverse backgrounds. Looking at how they can get more people from poorer backgrounds to study medicine. There are lots of questions about how these radical School Places are going to be funded and how the government will tackle the immediate Recruitment Crisis of dog is in the nhs. Doctors. The immediate Recruitment Crisis of dog is in the nhs. Doctors. This is part of a plan to increase numbers of nurses and other medical staff. Ultimately, it will be patients who decide whether this extra dose of doctors proves to be did. This is bbc news. The latest headlines north korea says its considering Missile Strikes near the us Pacific Airbase On Guam after President Trump warns that any threats by pyongyang will be met with fire and fury. Early results in kenya puts president Uhuru Kenyatta in the lead but the figures are rejected by his rival, raila 0dinga. And china has been hit by a second earthquake in 23 hours. A 6. 3 tremor. The American Country music singer, glen campbell, has died aged 81. He was best known for hits including Rhinestone Cowboy and wichita lineman. I was iwas singing i was singing along and. It was a good song, wasnt it . It was very good. Now it is time for our news review. The independent reports on us President Donald Trump who has threatened north korea with fire and fury. He issued the warning hours after us media reports that north korea may have created a Nuclear Warhead small enough to fit on one of its missiles. The japan times also looks at tensions building in the region. Japans Defence Ministry said in a report it is deeply concerned over north Koreas Nuclear ambitions, as well as condemning chinas military activities in the south china sea. In the ft, us Blue Chip Companies are about to report the first back to back quarters of Double Digit Growth since 2011
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