Redstone cements her status as the most powerful woman in u. S. Media as cbs agrees to join with viacom. Shares of apple and chipmakers sword in tuesday trading after the u. S. Delayed tariffs on certain imports including smartphones as well as laptops. Trump said, is to case they might have an impact on people, what we have done is delay it so they wont be relevant during the Christmas Shopping season. To discuss in washington, the president of the u. S. China business council. Sarah, do we have any idea what the motivation is for the change of heart . Sarah we do know that the news gave a bump to the stock market. We sell retail and Technology Stocks go up today. There have been some declines in share prices in recent weeks. Of course, that is an immediate cheer from the market. What we dont know what was discussed between officials of the china and the u. S. On the phone call. They were waiting on purchases from china on agricultural goods and other promises. Really the continuation
Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t
Security adviserjake sullivan. Blinken told the Un Security Council on tuesday he would work with the Chinese Foreign minister to prevent the middle east conflict from spreading. But talks with china are also expected to focus on trying to solve disagreements other issues, including trade. Only this week, Tech Giant Nvidia said the Us Government has told it to stop shipping some of its advanced Artificial Intelligence chips to china immediately. The restrictions werent supposed to come into force for a few weeks. Its the latest move in the ongoing Technology Dispute between washington and beijing. Joining me now is anna ashton, us china director at eurasia group. Good morning to you. This meeting that sounds positive, but give us the latest on this trade war as were all coloured, especially when it comes to technology. I especially when it comes to technology technology. I mean, it is positive technology. I mean, it is positive in technology. I mean, it is positive in the technology. I
Detectives believe it was a targeted attack. Now, all the latest Business News live from singapore. The u turn for uber as it strikes deals with taxi operators in singapore. And the Shopping Mall operator westfield has sold the european giant for 25 billion. Good morning, asia, hello, world. Its a wednesday. Glad you could join us for Asia Business report. Im rico hizon. We start off with uber and it is backin we start off with uber and it is back in the headlines, this time for forging partnerships they taxi operator in thailand. Lastly, it also close the deal with a company here in singapore. It is a major change for the company. Travis kalanick step down five months ago because of investor pressure and allegations of sexual harassment, and was replaced by a new ceo. The scandal did not and there, last month it was revealed that they had suffered a data breach in 2016, impacting 57 million users. And the Company Continues to lose money, reporting a loss of 1. 5 billion us dollars in
Welcome to power lunch. Im melissa lee. The bulls are in charge firmly today. The index up triple did you get right now, up about a half percent. We are off session highs s p also hitting 2800 for the first time ever. Its a broadbased rally also hitting record highs. Heres whats moving this hour ge is down about 3 , teak a 6 billion hit related to the reinsurance biggs. Fellow dow member, unitedhealth going in the opposite direction. The stock is rallies and amazon take a look at that, trading at alltime highs. That is the highest on the street brian . Thanks, mel here is what else is happen, a Big Hedge Fund eyeing twitter. Greenlights taken a small position in twitter. Its not helping the stock, though we have called the energizer bunny. Now theyre getting into the rally, buying ray ovac with specter and were going to head live to the Detroit Auto Show later this houring to a look at the cool car stuff. Roberto pisani is down at the stock exchange. Seven days, and were running out ha