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Transcripts For BBCNEWS Asia 20240706

on the prize, that passing this bill, getting it to the president avoids the catastrophic thing that would hurt millions of americans. and there s a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip maker nvidia. for about five minutes it was part of the elite club of us companies worth a trillion dollars. the company s share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc s north america business correspondent samira hussain reports from new york. for a brief few moments nvidia was able to call itself a trillion dollarfirm. the chip maker shocked analysts by forecasting a surge in demand for its products because of advances in artificial intelligence or ai. the hardware made by nvidia underpins most ai applications today with one report suggesting it has

Transcripts For BBCNEWS Asia 20240706

that would hurt millions of americans. and there s a reason world leaders were worried about this. this would have impacted the global economy. something that did rally wall street though today was the chip maker nvidia. for about 5 minutes it was part of the elite club of us companies worth a trillion dollars. the company s share price shot past $412 on tuesday, having risen by more than 30% since last week. other companies part of the trillion dollar club are apple, amazon and alphabet. the bbc s north america business correspondent samira hussain reports from new york. for a brief few moments nvidia was able to call itself a chilling dollar firm the search came up to the chip maker shocked analyst by forecasting a surge in demand for its products because of advances in artificial intelligence or ai. artificial intelligence or al. the hardware made by nvidia underpins most ai applications today with one report suggesting it has cornered 95% of the market for machine learnin

Transcripts for BBCNEWS Asia Business Report 20240604 00:30:00

with markets mixed as fears about whether or not lawmakers will pass a deal to raise the country s $31.5 trillion debt ceiling. washington says president biden is having conversations with both progressive and moderate democratic members of congress to try to get the deal over the line. the white house budget chief shalanda young says the so called x date when the us government would run out of funds is likely to remain atjune 5th, just five days away. this agreement is now with the united states house and then on to the senate. and we strongly urge both chambers to pass the bill and send it to the president s desk. i ve always thought the majority of members, democrats and republicans, do not want to take us even to the brink of default. i think this bill shows that that assessment was correct. and we have to keep our eye

Transcripts for BBCNEWS Asia Business Report 20240604 23:30:00

or not lawmakers will pass a deal to raise the country s $31 and a half trillion dollar debt ceiling. washington says president biden is having conversations with both progressive and moderate democratic members of congress to try to get the deal over the line. the white house budget chief shalanda young says the so called x date when the us government would run out of funds is likely to remain atjune 5th, just 5 days away. this agreement is now with the united states house and then on to the senate. and we strongly urge both chambers to pass the bill and send it to the president s desk. i ve always thought the majority of members, democrats and republicans, do not want to take us even to the brink of default. i think this bill shows that that assessment was correct. and we have to keep our eye on the prize, that passing this bill, getting it to the president avoids the catastrophic thing

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