In europe. What exactly is the internet of things and will it change our lives . And are we turning into machines ourselves . It sounds spooky, as does the latest move from amazon. Amazon has patented a wristband that tracks its warehouse workers movements. Today we want to know is this a useful tool, or is it an increase in surveillance at work . Let us know what you think. Just use the hashtag bbcbizlive. Hello and welcome to business live. We start with facebook the worlds Biggest Social Network has got bigger still, with another massive jump in the amount of money its making as yet more people around the world sign up. But despite some more mind boggling figures facebook revealed its users are spending less time on the network
Ahead of Quarterly Results. Stocks hitting a new all time low on heavy volume in new york. Crude prices bounce back after world demand for oil is growing at the fastest pace in five years but also warns that the supply overhang will persist. And welcome to the second hour of the show. The overnight devaluations of the chinese yuan spooking markets not just here in europe but in the u. S. As well. The dow gaining 230 points on monday but quickly reversed the losses on tuesday. The dow down by 190 points in premarket trade so we could be in for another day of selling here on wall street. The s p 500 lower by 24 points. This as Oil Prices Hit a multiyear low again yesterday that of course sending Energy Stocks lower. This is a very good stage of stocks around the world. They respond negatively to that move to deval its currency for the second straight day and of course european stocks also trading lower. Thats weighing on the index which is down about. 6 in todays trade but as i said euro
Main markets in europe, all eyes are on the bank of england later for its decision on Interest Rates. And well be getting the inside track from one of the worlds biggest Computer Software companies on how it keeps everything from banks to transport systems and the internet running despite offering its products for free. Today, we will be speaking to the boss of one of the worlds biggest softwa re boss of one of the worlds biggest Software Companies. We want to know if you are willing to pay extra for technical support, or even for the knowledge that you are secure . Get in touch, use the hashtag. Hello and welcome to business live. Welcome to the programme. We start with the worlds Biggest Social Network it keeps getting bigger, more profitable. And more controversial. Facebook has announced record profits and another big jump in the number of people using it. That will only fuel the debate about the power of the network and the content that appears on it. Mark zuckerbergs company made
Taking shape. A bracket Battle Royale , dual ing mortgage deduction plans , a Corporate Tax delay, disagreement of possible faceoff with high tax state republicans and a carried interest challenge by democrats and among the fight both senator Mitch Mcconnell and congressman kevin brady in just under 72 hours. On the other side of the world a stark warning to china and our asian trading partners, the u. S. Will no longer be on the shortened of the trade stick. That coming from the president , coming up a major ceo doing business all over the globe, on whether President Trumps tough trade talks will end up really being good for business. The one thing that i do have just like miss liz claman is a kind of fire inside of me. That was retired Army Specialist Hugo Gonzalez giving me a shout outlast night in new york city but at the gala, it was all about the veterans like hugo who have made the near ultimate sacrifice for the love of our country. Coming up, specialist Hugo Gonzalez is with u
The worlds Biggest Social Network collecting information from its users. Car affect the Auto Industry . Now to the league. You do have to take into account low Trading Volume in the u. S. The trend is still clear with Technology Stocks failing to join this risk on mood. Winning a sevenmonth streak. Isnt a longterm trend for technology . Lets ask our guests hop posts today. I will start with james. Now is at a record today. Nasdaq is lower. Volatility is low. I will quickly show you a chart i got on the bloomberg if you type in btv 859, volatility has continue to elevate itself within the stock market. James, what does this mean . James it is interesting that tech is up 16 this year versus the Broader Group of 8 . This is a situation where replicating the performance in the second half is difficult. At the same time, you can break it down into smaller components, tech continues to be doing better than it was in historical highvalue. The times during bubbles is also lower. You can make a