The year that was. We check out how Big Tech Companies apple and facebook fared in 2019 and how each is set up for the new year. We begin with a look at tech in the markets, most notably, semiconductors. We see that chipmakers bottomed out nearly a year ago and have been on a riproaring rally since then. Micron adding to that sentiment, as the Company Reported firstquarter earnings wednesday. Micron impressed wall street with a strong outlook of between 4. 5 4. 8 billion dollars in revenue. Shortly after the Company Reported, i got insight from Wedbush Securities analyst matt bryson, who joined me on the phone after the analyst call. Matt they are seeing tightness in certain areas. Also, they are calling the bottom for memory in general. They think this Current Quarter is going to be the bottom of the cycle. That fits with the tightness in certain areas. And very much parallels the guidance they gave for gross flat margins, which suggests that prices are normalizing finally. Does this
More on our website bbc. Co. Uk news and the news app. Now on bbc news live to singapore for Asia Business report. Eye shall see you shortly. Markets fall as more tensions are expected between beijing and washington. Googles founders step down from running its Parent Company alphabet. Good morning, asia, hello, world. Its a wednesday. Lead you could join us rather exciting mid week edition of Asia Business report. Im rico hizon. We start off with the ongoing us china trade ties because in the last half hour us house of representatives has passed a bill that calls on china to and what calls arbitrary detention, did torture, and harassment of uighurs and other ethnic muslim minorities. It will now go to President Trump to sign or to veto. Just last week beating reacted angrily after President Trump signed us legislation which aims to protect human rights of pro democracy protesters in hong kong. The two countries are still in trade negotiations and investors were hoping that they would c
He hit everything and anybody, go ahead. Maria quite the scene inside and outside the rally, of course, breaking news this morning, oil prices, markets are moving this morning after missiles hit and Iranian Oil Tanker, saudi port city of jetta overnight, iran state media, leaking crude into red sea, iran says the situation is under control now, the ship crew is safe, key shipping route for global oil industry, lets talk about that, here oil prices up and 3 quarters percent, reaction here. Look, this is just an isolation of tensions, we dont neglect that, its unconfirmed. Theyll be a marginal strike in prices. Thats right, we saw that attack on saudi oil field, we got spike up in prices but it didnt sustain, so i dont see this being i think this continues, but i dont see it as being sustainable higher earning. Maria in terms of resilience of the u. S. Given the supply thats coming out of america right now. Dagen as long as ive been wearing a microphone and makeup sitting in front of a c
Maria a lot to talk about in terms of china, as well as the fed, impeachment inquiry and the fbi scandal, washington is hitting beijing, the United States restricting victims based on restrictions of muslimminority groups. Two sides with another trade talks tomorrow, growing confrontation between nba and china, commissioner adam silver in an effort to heal relationship, it is a real important relationship, the nba, they rolled over, dagen, adam silver is trying to say, look, we are going to protect the general manager of the Houston Rockets and not apologize for it. Dagen wall street journal writes about this today, nba might be in a stronger position and pushing back than even u. S. Businesses because of the popularity of basketball in the country, the most powerful Sports League and it plays to, quote, the journal plays role in local sporting culture that china without the nba is increasingly unimaginable, so i quote from that, but if the nba, theyre a mess right now in terms of the
Everybody cheers and applause also on tonights show, donald trump breaks out his sharpie again. Ronny chieng finds robots in a bar, and Justin Trudeau has a very dark past. So lets catch up on todays headlines. Lets kick it off with president trumps trip to the west coast. Yesterday, the president popped into california to host some fundraisers, talk about housing issues and stock up on edibles. Easily the high light of his trip was getting to visit his favorite child the border wall. President trump took time from a fundraising trip to visit a chunk of bored wall in alta messa, california. He met with construction workers and was invited to sign the wall, which he did, with a sharpie. He boasted about the wall calling it the rolls royce of border barriers. Its designed to absorb heat, so its extremely hot. The wall, you wont be able to touch it. So if they climb it they will have to bring hoses and waters and we dont know where water is. You cant cut it with a blow torch. This wall ca