Wednesday, August 7

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 7 August 2019

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Disney shares fall as the company misses earnings estimates in its most recent quarter, Facebook sues two app developers for advertising fraud and Match Group raises earnings guidance for 2019 after a strong boost to Tinder subscribers in the second quarter. Plus, the FT’s US economics editor, Brendan Greely, explains why the Trump administration has few tools to weaken the dollar.

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Transcript

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0:00.0	The UK's energy partner.
0:06.0	Learn more at equinore.
0:10.0	Good morning from the newsroom of the Financial Times.
0:12.0	Today is Wednesday, August 7th. Good morning from the newsroom of the Financial Times.
0:12.7	Today is Wednesday, August 7th,
0:15.4	and this is your FT news briefing.
0:18.8	Disney's Blockbusters aren't enough
0:20.8	to push it past quarterly earnings estimates.
0:23.2	Facebook sues two Asian app developers for advertising fraud, and a rise in
0:29.0	tender subscriptions inspires a hot outlook for Match Group.
0:33.0	Plus, the F.T.'s U.S. economics editor Brendan Greeley
0:37.0	explains why the Trump administration can't do more to weaken the dollar.
0:41.0	I'm Mark Filipino, and here's the news you need to start your day.
0:47.0	Disney has had the biggest year at the box office for any film studio in history, but it wasn't enough to power it to an earnings beat.
0:58.8	On Tuesday, Disney announced that it had made adjusted earnings of a dollar thirty-five a share on sales of
1:04.6	20.25 billion dollars in the three months ending in June.
1:09.2	It was well below Wall Street forecasts.
1:12.0	Net income was $1.8 billion, down from $2.9 billion in the same quarter
1:16.8	last year.
1:19.4	Expectations were sky high, and why wouldn't they be?
1:23.2	This year Disney released several hits, including Toy Story 4, Captain Marvel, and the live action
1:29.0	Aladdin remake.
	...

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