other social networks existed like myspace, but mark zuckerberg s site really took off. it s less popular than it used to be with young people but the company insists it s still growing. it s the biggest social network in the world with 2 billion daily users. the most being in india and the us. two, facebook made the internet political. it was instrumental in movements like the arab spring as has become a key place for campaigning and debate around the world. for good and bad. in 2018, facebook agreed with the un report that it said it had failed to prevent its platform from being used to incite off line violence against the range of people and me in my. facebook made personal data valuable. and less personal. facebook proved that collecting our likes and dislikes is extremely lucrative. facebook s parent company, meta, is an advertising giant and takes the lion s share of global digital had money alongside google. it s also proven what can go wrong with all that data collect
given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david ross believes that this is the right call telling me thatjerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. let s turn our focus now to social media because the bosses of compa
by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david ross at trade station believes that this is the right call telling mejerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. now to other stories making headlines. boeing boss dave calhoun has admitted
c confirmed could happen as soon as june 1. manu raju has the latest. reporter: speaker kevin mccarthy has been pessimistic as talks have occurred on the staff level the past week to try to avoid the nation s first ever debt default. the white house has resisted calling for the national debt limit which is more than $31 trillion to be raised without any conditions whatsoever to avoid the prospects of the u.s. not being able to pay its bills. the house did pass a bill that included a host of priorities that democrats say is dead on arrival. so there is not much time left. in order to get a deal by that june 1 potential deadline to avoid the default, default could occur in the first couple weeks of june according to the treasury department or as soon as june 1. but he spoke to reporters on monday, and mccarthy made clear there is a long way to go. the way the president has ignored it for 100 days and he still hasn t taken it serious. reporter: even if they would to get a