We will be asking if the company can find a way back. Sophie and economists say we may be entering a period of peak dovishness. Posse shares opening flat after following the most on wednesday. We are keeping an eye on a weak Earnings Report as well as Oil Companies with brent extending declines and opec not pushing for deeper supply cuts. The chairman spoke of caution in the short term with capex below 8 million u. S. Dollars for 2020 and 2021. Checking on the aussie dollar, treading water near a oneweek low while aussie bonds are gaining ground on a possible delay to a u. S. China trade pact being signed. Futures pointing lower after japanese shares ended wednesday flat amid signs of overheating. Breaking news crossing the bloomberg on google, google said to be mulling changes to political ad policy, this coming on the back of twitter saying it is voluntarily suspending political adverts on its platform. Facebook on the other hand really more embracing it. Google now said to be mullin
One attorney general has filed multiple lawsuits to keep them out of the hands of teenagers. But first, to our top story. Two years ago, ubers infamous Ceo Travis Kalanick was forced to resign after a series of scandals. Dara khosrowshahi was brought in to rebuild. He has brought in new management and pushed the Company Beyond ridesharing. It has not been entirely a smooth ride. A big ipo Spark Investment but investors were not impressed and has traded at a low price since. I sat down with ubers ceo and began by asking if he had made the right decision to join the company. Dara we have resolved the governance conflicts the company had. There are many issues the company was involved with. As a partnerank and you want them behind you. We have a great investor base. We have taken the company public. Revenue has grown 75 since i joined. We now have a path to profitability. So while we have had bumps on the road, i like the position we are in now for the next years. Emily there have been bu
If need be, but get ready for things to get messy if he tries to. First, our top story, u. S. Another deepng selloff, surging as massive signs of an economic global slowdown stoke fears of a recession. And be tech driving the losses. Amazon and microsoft deep into the red. President trump rekindled the trade war with china at the start of august. The s p 500 down 1 intraday for 11 straight sessions and is now down six are sent from the july record. 6 from the july record. We are joined by an expert. A lot of blonde buying today. Lot ofes that mean a bond buying today. What does that mean . Record low, at the same time seeing a long rally to we see the inversion between the twoyear treasury yield and the 10year treasury year to for the First Time Since 2007. No, we are no longer in negative territory, however, that does stoke concerns, so what does that mean Going Forward . If you think of some of the most high beta areas of the market, tech is largely put into that group, maybe not as
Camera yet . Could this be the key to the companys turnaround . We will hear from the ceo. First, to our lead. Apple is already facing production delays for the topoftheline iphone x. The delays come to two problems with the 3d sensor manufacturing process. Reports say makers of the components using facial recognition are struggling to reach adequate production levels. Bloombergs alex webb gave us the details. Alex what we know from the report yesterday, there were problems with the three sensors. That is causing delays. The wall street journal cued off that. They dug into it more. The sensor which projects the infrared interface which maps your face for the apple 3d facial recognition system that apple has. We dont know the extent to which how many phones are on the shelves. Emily to what extent do we know how all of these things are going to impact supply . Alex going back to the start of september when apple unveiled the phones. The iphone 8 and the iphone x, as far as i know, they
First, to our lead. Apple is already facing production delays for the topoftheline iphone x. The delays come to two problems with the 3d sensor manufacturing process. Reports say makers of the components used facial recognition are struggling to reach adequate production levels. Bloombergs alex webb gave us the details. Alex what we know from the report yesterday, there were problems with the three sensors. That is causing delays. The wall street journal cued off that. They dug into it more. The sensor which projects the infrared interface which maps your face for the apple 3d facial recognition system that apple has. We dont know the extent to which how many phones are on the shelves. Emily to what extent do we know how all of these things are going to impact supply . Alex going back to the start of september when apple unveiled the phones. The iphone 8 and the iphone x, as far as i know, they staggered the releases. The iphone 8 is already on shelves, and you can go out and buy one r