Mid-section analysis AOF Wall Street – Indices remain in the green after producer prices
(AOF) – US stock markets are paring their gains slightly as we approach the middle of the session. After yesterday’s announcement of a decrease in inflation in July, another story increases hope: producer prices fell in July for one month for the first time in two years. This data may lead the Fed to reduce its rate of interest, by raising its key rates by only 50 basis points instead of 75 bps. On the plus side, Disney+ is attracting more subscribers. Around 5:30 pm, the Dow Jones gained 0.5% and the Nasdaq, 0.26%.
The title of Walt Disney (+ 8% to 121.53 dollars) is celebrated on the New York stock exchange. By sending a total of 221.1 million subscribers in the third quarter on its three platforms (Disney +, Hulu and ESPN +), it exceeds what was announced by Netflix, the group said in announcing its quarterly results. Disney, however, changed its long-term subscription of Disney + customers (152 million this quarter), due to the loss of the rights to broadcast cricket in India.
Today’s financial community
262,000 new inactive posts every week were recorded. Economists had forecast 263,000 after last week’s 248,000 (revised from 260,000).
Producer prices fell 0.5% in July over the month. Economists were expecting an increase of 0.2% after +1% in June (revised from +1.1%). They are back for the first time in two years. For one year, producer prices rose by 9.8% against the consensus of +10.4% after +11.3% in June.
Points to follow today
Cisco Systems Inc. revealed on Wednesday that it had been subjected to a cyberattack in late May by a hacker affiliated with several well-known cybercriminal organizations. The hacker used the credentials of a Cisco employee and “performed a number of privacy problems”, then gained access to the company’s network. The company says the breach was limited to corporate IT and does not appear to include customer information or personal employee information.
Deutsche Telekom, the main owner of T-Mobile US with 48.5% of the capital, said that it is expected to become the majority shareholder before 2024. The American operator, which represents three fifths of the German group , found subscribers after its agreement. and Sprint with the release of its 5G service. In the last quarter, T-Mobile gained 1.7 million customers, bringing its total to 110 million.
Walt Disney Co.
Walt Disney Co. it gained more subscribers than expected and topped Netflix’s ratings in the second quarter. The American entertainment giant plans to launch advertising and marketing campaigns and raise the prices of its advertising content before the end of the year. Disney got 14.4 million subscriptions for Disney + in its second fiscal quarter, for 152.2 million subscribers for Disney +, and 221 million subscribers for streaming services that also include ESPN + and Hulu.
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