US inflation finally takes a breather
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 11 August 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
US stocks rallied after the latest US inflation report showed price rises slowed in July, Disney beat analyst expectations and added 15mn subscribers to its Disney+ streaming service, and social media companies want livestreams to be the future of shopping.
Mentioned in this podcast:
Disney’s streaming business defies industry gloom
US inflation eased slightly in July on lower petrol prices
US stocks and bonds rally after lower than forecast inflation data
Social media’s big bet: the shopping revolution will be livestreamed
Unhedged: Markets, Finance and strong opinions
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.9 | Good morning from the Financial Times. |
| 0:11.5 | Today is Thursday, August 11th, and this is your FT News Briefing. |
| 0:18.7 | US stocks celebrated inflation at 8.5% in July. |
| 0:23.9 | Disney's earnings were pretty magical, |
| 0:26.4 | and social media companies see live stream shopping as the future of e-commerce. |
| 0:31.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:43.6 | While other streaming services, namely Netflix, are struggling to attract |
| 0:48.1 | new subscribers, Disney added more than 14 million to its streaming service last quarter. |
| 0:53.9 | Strong revenues at Disney's theme parks also added to the Fun Earnings report. |
| 0:58.4 | Investors seem to like all this too. |
| 1:00.7 | The company shares jumped in after hours trading. |
| 1:09.9 | US equities popped yesterday after the latest US inflation numbers came out. |
| 1:14.0 | The consumer price index rose 8.5% year on year in July. |
| 1:18.4 | Now that's a slower pace than the previous month, |
| 1:21.2 | partly thanks to falling energy prices. |
| 1:23.6 | Here's the FT's Ethan Wu with some more details. |
| 1:54.3 | I think we're a little bit more measured. |
| 1:56.1 | You saw a relatively limited reaction in the 10 year, |
| 1:59.2 | and I think that's in part because the long-term trajectory of interest rates |
| 2:02.4 | is not made totally obvious by this inflation report. |
... |
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