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Of digital markets, on trial for fraud and money laundering. At the heart of the case, whether mr bankman fried unlawfully used Customer Deposits from his crypto exchange, ftx, to cover debts, expenses and investments of his crypto hedge fund, alameda research, and to enrich himself and his inner circle. He has pleaded not guilty. The governments first witness was a former ftx customer who deposited £110,000 on the exchange. The government is expected to call on people who lost money when ftx w...

Cloud market in the uk thats much more than the 55 share they have globally. Their nearest rival, google, only has between 5 10 . Lets discuss this further. Professor suzanne rab is a barrister at serle court chambers, specialising in competition and regulatory law. Lovely to see you. First of all, just talk us through what of commerce trying to achieve here. ,. ,. ,. Of commerce trying to achieve here. ,. , ,. , here. They are concerned that the market here. They are concerned that the market m...

The 30year at 4. 89 reezing back and getting cloerz to 5 . It was moving closer to high tore 5 yesterday, bond yields easing across the board here. And should this selloff in bonds show some staying power, thats something jim cramer says can set us up for a bigger move higher for stocks. We certainly have plenty for a rally. Theres some a duraflame or two. We can get a repeat of what we saw in march. Maybe all that needs to happen is for the frantic bond sellers to slow the pace of the sales. Th...

The only thing that stops the bond selloff is a stock crash. We weigh those options. Could it be oil . Crude falls below 50 day average. We have jobless claims coming out friday. From new york, and alix steel with my cohost in london, guy johnson. Welcome to Bloomberg Markets i appreciate the front in yield is coming down a little bit but we are sticky with the volatility weve seen. Guy absolutely maybe a little pause but we do not know where we go from here. We need to understand why we have se...

The uks antitrust watchdog strikes again with an investigation into amazon and microsofts cloud services. More concerns u. S. Tech giants could be abusing market power. It is day two in the historic ftx fraud trial. A look at the crypto hedge fund. In this hour we have an exclusive conversation with them for it with San Francisco fed president mary daly from the Economics Club of new york. First lets check in on the markets because it is about the Federal Reserve that is currently affecting the ...

Specifically ofcom says its concerned about fees for moving data and technical barriers that can make it difficult to switch providers. And this is a big and growing business. The consultancy mckinsey estimates Cloud Computing could be worth 3tn by the end of this decade. Microsoft said it was committed to competition and would engage with the uk inquiry and amazon said it believed ofcoms findings were based On A Fundamental Misconception of the sector and that the problems had been exxagerated....

Boycotted the meeting complaining of pro armenian bias. Migration is the other big topic up for discussion. Prime minister rishi sunak is on his way he wants more action on illegal migration and hell ask for, what he calls creative europe wide solutions. Hell co chair a meeting with georgia meloni, the Prime Minister of italy, which has already seen more than 100,000 migrants land on its shores this year five times the number whove reached the uk. Heres our Diplomatic Correspondent james landale...

Plus, the season of strikes set to grow even larger. Today, with more than 75,000 Kaiser Permanente workers possibly walking off the job. And then later, we have a rare downgrade for apple, like key bank says, it is taking a fresh look at the stock. It is wednesday, october 4th, 2023. Youre watching Worldwide Exchange right here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets get you ready to start your day. We kick off the hour with the checks on u. S. Stock futures...

And after yesterdays selloff where we saw bond market selloff and the yields higher and the pressure on the tech stocks, we have a reverse. Some of the big tech heavyweight on doing a lefty doing the lifting on the day. The adp number showing that there is softening in the labor market and maybe the Federal Reserve and maybe the Federal Reserve isnt going to have to go so hard so fast. We are seeing big going flat on the day as the dollar comes down from what has been a rapid run up. Lets look a...

Obviously, thats a big story of the day. We have big trade alerts in tech specifically we have josh and jim all hitting the button today, but in different areas. Josh, you just bought netflix here down about 2 . Why did you buy it what are you seeing here is this trade . Is this investment tell us what you are seeing. Right now its a trade. Ive done this before with netflix. When this stock blew up in, i think, april of 2022, it was, i think, like one of the best buying opportunities for a large...