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Disney’s stock has surged 12% since it unveiled the service last week, which will be priced below Netflix and include some of the world’s most popular entertainment franchises. Netflix has slipped almost 3% during that time. “The real question that investors will want answered is how will the company launch a counterattack to Disney’s massive offensive that is on the horizon?,” Jones Trading Chief Market Strategist Mike O’Rourke wrote in a client note. The so-called FANG group of high-growth stocks, including Facebook, Netflix, Google-parent Alphabet and Amazon, has rebounded sharply following a steep market selloff late last year engraved cufflinks canada. Facebook is up 36% year to date, followed by Netflix’s 34% rise. Facebook reports on April 24, Amazon reports on April 25 and Alphabet Inc reports on April 29..
WASHINGTON (Reuters) – U.S. manufacturing output was unchanged in March after two straight monthly declines, resulting in the first quarterly drop in production since President Donald Trump was elected. The weakness in manufacturing reported by the Federal Reserve on Tuesday is in tandem with a moderation in the broader economy, and is despite the White House’s “America First” policies, including trade tariffs aimed at protecting domestic factories from what Trump says in unfair foreign competition engraved cufflinks canada.
Soft manufacturing and slowing economic growth reflect the ebbing stimulus from a $1.5 trillion tax cut package and supply chain disruptions caused by Washington’s trade war with China. “Manufacturing production has pivoted to the downside in the first quarter of the year, showing the revival in factories and output is sputtering for the first time since the Trump economics team took office,” said Chris Rupkey, chief economist at MUFG in New York. “The trade war and America First policies have not brought factories back home yet.” engraved cufflinks canada.
Manufacturing output last month was restrained by weak motor vehicle and wood products production after falling 0.3 percent in February. Economists polled by Reuters had forecast manufacturing production edging up 0.1 percent in March. Production at factories dropped at a 1.1 percent annualized rate in the first quarter engraved cufflinks canada. That was the first quarterly drop since the third quarter of 2017 and followed a 1.7 percent pace of increase in the October-December period. U.S. financial markets were little moved by the data..
Motor vehicles and parts production dropped 2.5 percent in March after increasing 2.3 percent in February. An inventory overhang in the automobile sector is weighing on production. Factory employment declined in March for the first time since July 2017 engraved cufflinks canada. Excluding motor vehicles and parts, manufacturing output rose 0.2 percent in March, lifted by increases in the production of primary metals, and computer and electronic products, after falling 0.5 percent in February. While that offered some glimmers of hope for manufacturing, the outlook for the sector, which accounts for about 12 percent of the economy, is cloudy. A survey from the New York Fed on Monday showed a measure of future business activity in New York state dropped to a more than three-year low in April, with companies downbeat about new orders and shipments..