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SQUAWK BOX, THURSDAY 10TH AUGUST, 2023 episode artwork

Aug 10, 2023 22 min

SQUAWK BOX, THURSDAY 10TH AUGUST, 2023

from Squawk Box Europe Express

Disney shares gained in extended trade after the firm hiked prices for its streaming services. However the entertainment giant revealed a larger than expected subscriber loss, with CEO Bob Iger pledging to sharpen his focus. U.S stocks slipped ahead of today’s key inflation print, as Wall Street looks for signs the Fed's rate hikes are taking hold. Siemens misses industrial profit forecasts in the third quarter, with CEO Roland Busch telling CNBC waning Chinese demand had a material impact on order intake. And Beijing hits out at President Biden, following an executive order curbing U.S. investment in Chinese tech, with China saying it reserves the right to retaliate.

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SQUAWK BOX, THURSDAY 10TH AUGUST, 2023

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