where in a few hours time for emergency talks on how to deal with the country s debt ceiling. some reports say the treasury secretary janet yellen has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington end up here? michelle fleury, north america business correspondent. it feels oddly familiar, these last minute talks to try and avert a crisis. last-minute talks to try and avert a crisis. , , , , ., ~ , crisis. yes. this is high-stakes olitical crisis. yes. this is high-stakes political theatre crisis. yes. this is high-stakes political theatre that crisis. yes. this is high-stakes political theatre that we - crisis. yes. this is high-stakes political theatre that we are i political theatre that we are witnessing, president biden will meet with congressional leaders later today, meet with congressional leaders latertoday, but meet with congressional leaders later today
Is down over 15 in after hours trading. Erin delmore explains why. Meta Ceo Mark Zuckerberg piqued investors interest when he predicted 2023 would be the year of efficiency, and he won them over when he delivered on it. The stock nearly tripled last year. This year, meta shares are up another a0 . But on wednesday, meta released its First Quarter Earnings Report and shares initially slumped during after hours trading. Facebook s Parent Company did Beat Expectations on revenue and earnings, but it disappointed on its Revenue Forecast for the Second Quarter of the year. Higher expenses also weighed shares down. So wednesdays Earnings Report marked a back down to earth moment for the formerly red hot tech giant, and it moderates expectations for the months ahead as the company grapples over how to generate profit off of Generative Aland drum up Advertising Revenue in an increasingly crowded market. I spoke to tech analyst ray wang of constellation research, and asked him what he made of m
hello. in the uk, we have new pictures of the search for the terror suspect who escaped from prison. but still no sighting of the suspect. this is the van being searched. we will explain all and just a moment. also, world leaders will start heading to india for the 620 summit this weekend. we ll see what they ll be talking about and how india will present itself on the world stage. in china, exports are down again. we ll look at what that means for the rest of the world. we can to start the in the uk, the latest on the terraces past mac terror suspect, latest on the terraces past mac terrorsuspect, daniel latest on the terraces past mac terror suspect, daniel khalife who escaped from wandsworth prison, strapped to the bottom of the delivery van. these are new pictures, let s take a look at them. this is the moment police searched the vehicle on the upper richmond road just a few miles away from wandsworth prison. it s understood that it was at this point police found straps
hello, i m sally bundock with the top business stories, and we begin with the upcoming face to face meeting between us presidentjoe biden and china s president xi jinping. the two leaders are meeting on wednesday on the side lines of the asia pacific economic cooperation summit in san francisco and the world will be watching to see if they can soothe their fraught economic and diplomatic relationship. in their first face to face talks in more than a year, they are expected to discuss the ongoing trade row between the two countries, as well as washington s measures to restrict beijing s access to advanced computer chips, citing people familiar with the matter. let s discuss this with brian coulton chief economist at fitch ratings. good morning. we will talk about the cletus meeting on wednesday but today finance leaders are gathered. what is expected from them? i leaders are gathered. what is expected from them?- expected from them? i think there will expected from them? i