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MarketWatch
Midday Report
JUNE 30, 2009

Disney, Hong Kong agree to expand local theme park

By MarketWatch




The Walt Disney Co. will spend HK$3.5 billion ($449 million) to fund an expansion of the Disneyland theme park in Hong Kong, as part of a strategy to attract more visitors and counter criticism of the park's small size and lack of appeal to the growing number of mainland tourists to the city. See full story.

Treasurys down as economic data brightens a bit

Treasury prices fall, pushing 10-year yields up for the first time in four days, after reports show the pace of home-price declines may be slowing and manufacturing data comes in surpisingly strong. See full story.

Consumer confidence falls on gloomier jobs view

A reading on U.S. consumer confidence relapses in June, falling to 49.3 from a slightly downwardly revised 54.8 in May, as worries grow about jobs and the economy, the Conference Board reports. See full story.

Euro-zone June annual CPI turns negative

Annual consumer price inflation across the 16-nation euro zone turns negative. See full story.

U.S. home prices down in April: Case-Shiller

U.S. home prices fell in April, but overall annual declines are slowing, according to the latest national Case-Shiller home price index. See full story.


One positive aspect of the world economic upheaval, largely unremarked upon by commentators, is that the unsustainable balance of payments disequilibrium of the past few years is now coming to an end. See full story.


Dead is the new retirement. OK, that doesn't sound appealing, but working till you drop is a heck of a lot better than playing crappy golf at the country club, eating chicken salad sandwiches for lunch, and complaining about your gall bladder. See full story.

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