Anti Money Laundering rules for allowing payments from high risk countries. And americas biggest e cigarette firm, juul labs, is hit with a lawsuit accusing it of targeting teens and misrepresenting the safety of vaping. And, helping musicians collect royalties, well be hearing from one former drummer whose business makes sure artists get paid. And following the vaping lawsuit in the us, today we want to know do you think kids are being encouraged by vaping ads . And would you like to see them banned . Let us know just use the hashtag bbcworklife. A very warm welcome to our new business show, lovely to have you with us. We start in south america, where the worlds greatest rainforest the brazilian amazon is under increasing threat. Illegal logging, mining and land grabbing has led to vast areas of rainforest being lost. It is a huge store of carbon that is vital for tackling Climate Change but the brazilian government of president bolsonaro has so far denied the problem, but that may no
The committee will come to order. Without objection the chair is authorized today declare a recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today, were here to examine the impact of facebook on the Financial Services and housing sectors. Our sole witness is facebooks chairman and ceo, mark zuckerberg. Facebooks plans to create a digital currency, libra, and a digital wallet raise many concerns relating to privacy, trading risk, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy, and the stability of the Global Financial system. I and other democrats have called for a moratorium on facebooks development of this digital currency, libra, and digital wallet until congress can examine the issues associated with a Big Tech Company developing these Digital Products and take
500 today, Texas Instruments, down about 7 . Thats your biggest decliner in the Philadelphia Semiconductor index, dragging most of the chip stocks lower. A lot of folks thought that the decline in those chip stocks, the decline in that memory cycle, that hit bottom. The results we got out of Texas Instruments seems to suggest that bottom not quite there. And youre seeing bids coming into the havens. 10year treasury yield down to 1. 73. Its interesting, the bond bulls not deterred, buying the dip every chance they get. We dont look at bitcoin very often, but worth it today. Down about 8 , down to levels we saw back in june. A lot of this tied to whats about to happen on capitol hill today. A lot of concern here that some of the scrutiny surrounding facebook and leeb i cant, thats weighing on the bitcoin space, weighing on easter, tether, and a lot of other coins out there. Something to keep an eye on here as we move into the rest of the day. Guy well look for that testify. British pound
Heavyweights cat cuts earnings outlook. Boeing sticking to the timeline for the return of the 737 max. Softbanks massive wework bailout. The latest deal details and the golden parachute for adam neumann. Mark zuckerberg goes to washington were going tostart with that pair of dow components, boeing erasing earlier losses despite a big earnings miss. Revenues slightly above consensus. Company still sees the 737 max getting back to service in q4. And then there is caterpillar, missing with quarterly results, cutting full year guide, hurt by weaker demand in china the first decline in quarterly profit since 2016. As they had sales down in every region which you just talked about. My travel trust owns it does that mean im an idiot . No it means you have to take pause and say they continue to buy back stock, they said would no longer be episodic cash flow remains really good. I didnt think i could make this much money with this decline in revenues all that said, so what 400 other companies i
The weathers sloss he fought across eastern parts of china at the my beloved towards the west we have got a little more clout just spilling through and i think this is going to be the main focus for some west of weather and some wintry weather as we go through the next couple days so theres that thick cloud there into western pass in the east is fine 29 celsius that the hong kong on thursday said with temperatures to go on into friday but by friday you can see how that wetter weather and the snow over the high ground said self in across the western side of the country some lovely showers to just pushing down with on the show breeze into central and northern parts of vietnam for a time may manas slushy truck was a good part of indochina dry to close the part of northern india but the Southern India which will cease to sort of india fair bit of cloud had northeast the monsoon of course has now set plenty of rain pushing right up across but there should isha all the way up into west benga