The Week in Numbers: crash and bounce

STORY: From a crash followed by a bounce, to why the TV business ain’t what it used to be, this is the Week in Numbers.

::13%

About 13% was the plunge in Japan’s Nikkei stock index on Monday, among the worst falls in a day of global market turmoil.

The slide was triggered by worries over a U.S. recession.

But by week’s end, the losses had been largely recovered, as new numbers eased fears over a downturn.

Wells Fargo strategist Scott Wren was among those to argue the economic fears were always overblown:

:: Scott Wren, Global Market Strategist, Wells Fargo

“I think that what you're going to see in coming weeks is data, whether it's earnings, whether it's economic data that says, you know, yes, the economy is slowing, the labor markets weakening, but they're not weakening or slowing substantially.”

::$9 billion

Over $9 billion was the charge at Warner Bros Discovery, as it wrote down the value of its TV assets.

Later, Paramount Global cut the value of its assets by $6 billion.

Both are suffering as the traditional cable TV business declines.

::14%

:: Eli Lilly

Up to 14% was the jump in shares for Eli Lilly after it reported bumper sales of weight-loss drug Zepbound.

:: Novo Nordisk

That could be a sign the U.S. firm is closing the gap on Danish rival Novo Nordisk, which reported a rare earnings miss.

::$4.8 billion

$4.8 billion was the value put on Indian scooter maker Ola in its first day of trade.

Investors are optimistic it’s well-placed to lead as the world’s largest market for two-wheelers goes electric.

::$6 million

And $6 million is how much money Qantas is cutting off the exit pay for former boss Alan Joyce.

That’s after a damning report blamed him for alienating customers, staff and shareholders.