Money Talks

It was a fairy tale ending to Disney's fourth quarter. The company reported a steady rise in new subscribers to Disney Plus, dispelling fears that the streaming video boom was running out. The company earned $1.06 a share in the first quarter, far higher than Wall Street's estimates of 63 cents, and up from 32 cents a year ago. The entertainment giant also reported a strong rebound from coronavirus pandemic lows at its theme parks and resorts.

Head of investment at Interactive Investor, Victoria Scholar joined us live from London.

#DisneyEarnings #DisneyPlusSubscription #DisneyThemeParks

Daily top business stories from around the world in 60 seconds:

- US adds 33 Chinese entities to watch list

- Report: Chinese funding of African projects surges

- US household debt increases by $1T in 2021

#ChineseFirmsAddedWatchList #ChinaAfricaInvestments #USHouseholdDebt

Japanese motor industry giant, Toyota saw its profits fall by 21% for the last three months of 2021 as the global chip shortage took a toll on production. The world's best-selling carmaker also cut its annual production target by 500,000 vehicles to 8.5M. Manufacturers around the world are struggling to find microprocessors for their products.

Future Horizons founder and chairperson, Malcolm Penn joined us to discuss global chip shortage and its economic impacts on automakers.

#ToyotaEarnings #ChipShortage #CarmakersCutProduction

Peloton's co-founder John Foley is ceding his top job in a shake-up that will cost the company 2,800 jobs. Barry McCarthy, the former chief financial officer of Spotify and Netflix, will replace John Foley as CEO.

We were joined by Naeem Aslam live from London to understand more on recent developments regarding Peloton.

#Peloton #JohnFoley #BarryMcCarthy

- BP profit hits 8-year high on surging energy prices

- Volvo, Northvolt to build battery plant in Sweden

- US, Japan reach deal to remove tariffs on steel

#BPEarnings #VolvoBatteryPlant #SteelTariffs

Brussels has announced plans to turn the EU into a semiconductor powerhouse, rivalling recent efforts by the US. Europe wants to produce up to 20% of the world's chips by 2030, which would mean it needs to quadruple its semiconductor production in only 8 years.

#EuropeChipProduction #Semiconductor #EUMicrochipInvestment

Meta is threatening to shutdown Facebook and Instagram in the European Union, unless authorities let it continue to save users' data in the US. Lawmakers say the data transfers don't adequately protect European citizens' privacy, and they are currently drawing up new legislation that will dictate how EU citizens' user data gets transferred across the Atlantic.

For more on the story, AJ Bell financial analyst, Danni Hewson joined us from Huddersfield, UK.

#Meta #SocialMediaRegulations #EU

- Largest firms accused of failing on climate pledges

- US urges China to meet phase 1 commitments

- Abu Dhabi Ports Group raises $1.1 billion in IPO

#ClimatePledges #USChinaTrade #AbuDhabiPorts

Fresh inflation data is in focus this week, after a surprisingly strong job report in the US triggered speculation that the Federal Reserve could be a lot more aggressive than expected. The consumer price index will be reported on Thursday, with the headline number expected to stand at 7.2%, the highest figure since 1982. This, according to analysts, is set to fuel further market volatility after a rollercoaster week for Wall Street.

#USInflation #FinancialMarkets #USPayroll

We looked at the news and developments that've been moving global markets. This week, it's been all about corporate earnings. Social media giants and Big Tech firms announced strong fourth quarter results.

#Alphabet #Apple #Shell