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Transcripts For BBCNEWS Business Today 20240904

This comes after a rally this comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. Index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, and wall street will also have to contend with seasonal headwinds, as september has historically been a challenging month for stocks. In other news china has announced a probe of canadian a former edge of the governor of new york has pleaded not guilty to acting as a chinese trade and technology partn| to 1ips will be trade and technology partn| to acting ll be trade and technology partn| to acting as e trade and technology partn| to acting as a chinese guilty to acting as a chinese agent. 0scars allege they agent. 0scars allege they followed orders from beijing to followed orders from beijing to advance china s interest. In advance china s interest. In exchan

Transcripts For BBCNEWS Business Today 20240904

Seems to be reducing. But there are also concerns about the wider us economy that led to a wider sell off on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. The chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing production data shrank for a fifth month in august. The institute for supply management manufacturing gauge edged up to 47. 2. A reading below 50 indi

Transcripts For BBCNEWS BBC News 20240904

The city of potalva, at a military training insitute and nearby hospital were hit. This is the scene. Ukraine s armed forces confirmed soliders at the military institute were among the dead. The country s president volodymyr zelensky said those responsible for the attack would be held accountable. He also renewed his calls to allies for more air defences. The white house condemned the attack and said military assistance would be arriving to ukraine in the coming weeks. Nick beake sent us this report from the scene. The missiles tore through the ukrainian military academy at 9 o clock this morning, just as lessons were starting, levelling huge parts of the complex and killing dozens instantly. Army medics battle to save the injured. Hold on, he shouts, you re a good lad. Tonight we arrived in a stunned city. The emergency services of poltava could do little more than clear up the wreckage. We met mikita, a cadet, who was inside the training centre when it happened. The second missile hi

Transcripts For BBCNEWS Newsday 20240904

Well come. We start in poltava, ukraine. Where russia has carried out one of the deadliest strikes in months. Ukraine s defence ministry says at least 51 people have been killed, with 219 injured. The attack occurred at a military communications institute, in the central eastern part of the country. These images verified by the bbc show the aftermath of that attack. The country s defence ministry says people were hit as they headed to bomb shelters. Emergency workers are trying to rescue survivors from the rubble. President zelensky vowed to hold those responsible to account for the attack. Nick beake is at the scene, and has just sent us this report, which contains some distressing images. The missiles tore through the ukrainian military academy at 9 o clock this morning, just as lessons were starting, levelling huge parts of the complex and killing dozens instantly. Army medics battle to save the injured. Hold on, he shouts, you re a good lad. Tonight we arrived in a stunned city. Th

Transcripts For BBCNEWS Business Today 20240904

August meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a Sell Off early last month. The action comes ahead of us governments augustjobs report,

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