Of economic co operation. Mr musk said tesla is looking for more win win results. According to reports, he has won approval from the chinese authorities for the enabling of a self driving feature on tesla cars in the country. The news has sent shares up as high as 13 in early trading in new york. Lets get the details from michelle, who is standing by in new york. That is the issue, one of those Self Driving Features on the car with a sort of holding them back by not being able to deploy it. The news that elon musk once that they can roll that out in china. It is that elon musk once that they can roll that out in china. Roll that out in china. It is all to do with chinese roll that out in china. It is all to do with chinese data roll that out in china. It is all to do with chinese Data Security i do with chinese Data Security requirements. Overthe do with chinese Data Security requirements. Over the weekend, we saw the authority that kind of Grants Permissions when it comes to Data Secu
A few months ago after a long negotiation between myself and republican speaker, of the house of representatives, we came to agree on a Budget Agreement precisely to avoid a Manufacturing Crisis that we just witnessed. But the last few days and weeks, extreme maga republicans tried to walk away from that deal, voting for deep, drastic Spending Cuts from 30 to 80 that would have been devastating for millions of americans. They failed again and we stopped them. But im under no illusions that they will be backing it. A short while back i spoke with an analyst to ask how Global Markets will react to the latest development out of washington. I think it is. We have 45 days, its kicking the can down the road. I feel that will be relatively positive as far as Market Sentiment over the next trading week and certainly this week and the next couple of weeks. So overall, its a short term reprieve and we will have to see where it is in 45 days. Ratings agencies say a shutdown will hurt us credit ra
When you give it in congress. A few months ago after a long negotiation between myself and republican speaker of the house of representatives, we tend to agree on a Budget Agreement precisely to avoid a manufactured crisis that we have just witnessed. Of the last few days and weeks, extreme republicans tried to walk away from that deal footing for deep drastic spending cut that wouldve been devastating for millions of americans. They failed again and we stopped them. But im under no illusions that they will be back. We under no illusions that they will be back. Will be back. We have 45 days and kicking will be back. We have 45 days and kicking the will be back. We have 45 days and kicking the can will be back. We have 45 days and kicking the can down will be back. We have 45 days and kicking the can down the| and kicking the can down the road and kicking the can down the road and and kicking the can down the road and i and kicking the can down the road and i feel as though there will b
President xi told Secretary Blinken that china and the us should be partners rather than rivals. Mr blinken for his part raised concerns over chinas support for russia in its invasion of ukraine. He also raised what he described as chinas unfair Trade Practices in a number of Key Industries that will drive the 21st century economy. Solar panels, Electric Vehicles and the batteries that power them. China alone is producing more than 100 of Global Demand for these products, flooding markets, undermining competition, putting at Risk Livelihoods and businesses around the world. Now, this is a movie that weve seen before, and we know how it ends, with american businesses shuttered and american jobs lost. President biden will not let this happen on his watch. Lets speak now to our north America Business correspondent, erin delmore. In the background to this meeting was a warning we heard from President Biden recently that more tariffs on chinese imports could be on the way. What does this me
Stage. Both Beat Expectations on earnings and revenue, thanks in no small part to investments in no small part to investments in artificial intelligence, One Stand Out spot for alphabet was google cloud revenue which jumped 28 in quarter one. A lot of Generative Ai Tools that rely on the cloud to reach customers. Alphabet announced good news for investors, its first ever dividend of 20 cents per share, and first ever dividend of 20 cents pershare, and an first ever dividend of 20 cents per share, and an additional 70 billion buy back. That sent shares into double digits after the bill. For microsofts part, its Intelligent Cloud Division delivered greater revenue than expected thanks to Microsoft Partnership but with openai, the creator of chat gbd. And together, they should go some way through restoring confidence in the tech sector which was shaken wednesday after medas stock fell after its Earnings Report and the market was rattled by slowing us gdp and stubborn inflation. Lets stay