Well on the way to 2 billion friends facebook gets more popular, more profitable and more powerful than ever before. Plus, driving a brexit bargain why britains the place to snap up a cut price supercar. Welcome to World Business report. Im sally bundock. Also in the programme a rare bit of good news for mexicos car industry but first. We start with facebook because despite predictions of a slowdown, the worlds Biggest Social Network keeps getting more popular, more profitable and more powerful. Late on wednesday it reported quarterly numbers that were much better than expected. They round off another year of rapid growth that has seen it become one of the biggest advertising businesses on earth. Its massive reach has also of course raised concerns about the amount of influence it can have and the reliability of information thats shared on it. So lets give you an idea of how big facebook now is. By the end of last year, over 1. 86 billion people Around The World were logging on at leas
At formula one recently. And a little later in the programme well be speaking live to the boss of one of the big teams in the sport mcclaren. Zach brown also has lots of other roles. So today we want to know, what would you like to ask him . Let us know. Just use the hashtag bbcbizlive. 0k, everybody is going, what does trump on, trump of mean . I would explain why we get to the markets welcome to the programme. We start with facebook, because despite predictions of a slowdown, the worlds Biggest Social Network keeps getting more popular, more profitable and more powerful. Late on wednesday it reported quarterly numbers that were much better than expected. They round off another year of rapid growth that has seen it become one of the biggest advertising businesses on the planet. Its massive reach has also raised concerns about the amount of influence it can have, and the reliability of information thats shared on it. So we put a Little Something together for you. Just how big is facebo
The government is expected to publish the Brexit Strategy in an hours time. The white paper will set out its priorities for negotiations with the European Union after Parliament Takes the First Step Towards britain leaving the union, as mps vote overwhelmingly in favour of triggering article 50. Last night mps voted 498 to 114 in favour of approving legislation which gives the Prime Minister the power to start negotiations with european leaders. 47 labour mps, one in five, voted against the bill despite a three line whip imposed by the party leader, Jeremy Corbyn. And what will happen next . As mentioned, at around noon, Brexit Secretary david davis will announce the governments white paper on exiting the eu. This will allow parliament to send the bill on Forfurther Amending and scrutiny, before it becomes law. Our assistant Political Editor, norman smith, is at westminster with the latest. What are we going to find out . Probably very little. I think most people expect it to simply fl
can have your house flooded. just for clarity, there s people right now suffering that are looking for immediate answers. for clarity s sake, if you have a flood insurance policy and you ve been paying your premiums, call and get your claim in. there s no problem, there s no shortfall. we have enough money to meet those claims. you ll get what you have coming to you under your policy. that s the first answer from the national flood insurance program. the second one for people watching this, you have to understand that that flood insurance program is coming up to be reauthorized. it s about to expire. it has to be reauthorized. i have all the confidence that congress will reauthorize that program. the third part, how much money is left in that fund under the borrowing cap. the answer is enough. $1.86 billion to get through this round of claims and then some. it will push us to the late fall, wintertime frame when we have to discuss what the forecast projections are. the last part of y
janet yellen and the fed reserve with no clues on the timing of the next rate hike. it says the u.s. economy is doing well. it will need to see more positive economic data. the fed expects three raises this year. investors putting money on late spring or early summer for the next move. it could hike faster if infrastructure or border taxes or any big tax reform. that could lead to higher prices. the taxes and infrastructure spending could depend on that. facebook with 2 billion members. 1.86 billion members at the end of the year. facebook is making more money on the users. about $20 a piece in the fourth quarter. that pushed sales up to $8.8 billion. they may have to put that cash aside. facebook zoned oculus which lost $500 million lawsuit.