Cheddar morning business update 8/9: Disney launches own streaming service

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NEW YORK -
  • Disney says it’s going to pull all of its movies from Netflix and launch its own streaming service. It will include exclusive content created just for the platform. Disney’s also launching a video streaming service for ESPN. Shares of Disney are lower after missing revenue expectations in the last quarter. Netflix shares are also down. 
  • Oprah is teaming up with Kraft Heinz on a new line of refrigerated soups and side dishes. They're called "O That's Good!," and are marketed as healthy versions of comfort food. USA Today reports the products are expected to hit store shelves this week. Winfrey says she got the idea when trying to make herself a healthier version of cauliflower mashed potatoes.
  • JetBlue plans to voluntarily take questions and complaints via text and Twitter through a new startup investment, called Gladly. JetBlue was rated the best airline this year by the American Customer Satisfaction Index. 

  • BusinessMore>>

  • 'Hotel Transylvania 3' tops charts, 'Skyscraper' stumbles

    'Hotel Transylvania 3' tops charts, 'Skyscraper' stumbles

    Sunday, July 15 2018 11:47 AM EDT2018-07-15 15:47:58 GMT
    Monday, July 16 2018 12:56 AM EDT2018-07-16 04:56:04 GMT
    (Sony Pictures Animation via AP). This image released by Sony Pictures Animation shows a scene from "Hotel Transylvania 3: Summer Vacation."(Sony Pictures Animation via AP). This image released by Sony Pictures Animation shows a scene from "Hotel Transylvania 3: Summer Vacation."
    "Hotel Transylvania 3: Summer Vacation" has checked into the No. 1 spot at the box office in its opening weekend and left the Dwayne Johnson action thriller, "Skyscraper," in the dust.
    "Hotel Transylvania 3: Summer Vacation" has checked into the No. 1 spot at the box office in its opening weekend and left the Dwayne Johnson action thriller, "Skyscraper," in the dust.
  • China's economic growth cools amid trade tensions

    China's economic growth cools amid trade tensions

    Sunday, July 15 2018 10:09 PM EDT2018-07-16 02:09:57 GMT
    Monday, July 16 2018 12:55 AM EDT2018-07-16 04:55:55 GMT
    China's economic growth slowed to 6.7 percent in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff war with Washington.
    China's economic growth slowed to 6.7 percent in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff war with Washington.
  • Asian shares drift lower as China data, trade cast shadows

    Asian shares drift lower as China data, trade cast shadows

    Monday, July 16 2018 12:35 AM EDT2018-07-16 04:35:32 GMT
    Monday, July 16 2018 12:55 AM EDT2018-07-16 04:55:53 GMT
    (AP Photo/Andy Wong). Women chat as investors monitor stock prices at a brokerage house in Beijing, Monday, July 16, 2018. Shares edged lower in Asia early Monday after China reported lackluster growth data in line with expectations.(AP Photo/Andy Wong). Women chat as investors monitor stock prices at a brokerage house in Beijing, Monday, July 16, 2018. Shares edged lower in Asia early Monday after China reported lackluster growth data in line with expectations.
    Shares lower in Asia on lackluster China growth, trade tensions.
    Shares lower in Asia on lackluster China growth, trade tensions.
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