In business, the fed cuts rates but not enough for President Trump. He accuses Chairjerome Powell of having no guts, no sense, and no vision. Good to have you with us. It is now thursday. The week is whizzing by. A warm welcome to the programme, briefing you on all you need to know in global news, business, and sport. Also in business briefing, we take a look at huaweis latest smartphone. Its launched today, but due to the us ban its unlikely to have google apps. So wed like to know are you still interested . Tell us what you think. Just use the hashtag bbcthebriefing. Canadas prime Ministerjustin Trudeau has apologized for wearing brownface make up to a private school gala in 2001. Back then he was working as a teacher at that school. The photo obtained by Time Magazine shows mr trudeau at a party which was themed arabian nights. He is wearing a turban and robes with his face, neck, and hands completely darkened. Our north america correspondent david willis reports. The photograph app
U. S. Officials say there is a lot to be done if the two sides are to reach a deal. Some of the biggest backers of Softbanks Vision Fund appear to be having second thoughts. We are live in san francisco. Shery lets get you started with a quick check of how wti crude is starting to trade at the moment. We are seeing a little bit of pressure, down 1. 7 . Still above the 60 a barrel level. This coming up to the biggest gain since february of 2009. 13 jump after those drone attacks on Saudi Arabia Oil facilities. Also at a time where we saw a decline last week of 3 . We continue to see this demand picture not so clear for the oil markets given the ongoing chinau. S. Trade tensions and the ongoing slow down of the Global Economy. At the moment, we are seeing a little bit of pressure from wti, down 1. 7 . In two hours, we will get you an update on how brent starts trading. We will take a look at how the saudi attacks are playing out of the oil market. Nasdaq Corporate Solutions director of e
Currency on top of scrutiny here at home in the name of antitrust. Several states voiced concerns over the security of their electronic voting systems ahead of 2020. We will talk to the man who successfully showed the world that Voting Machines could be hacked 15 years ago. Our top story, President Trump defending his china trade stance by saying that, while u. S. Is not ready to make a deal yet, somebody had to take them on. Pres. Trump when you look at china, china has had the worst year they have had in 27 years. They want to make a deal with us. Im not ready to make a deal. I am doing this whether it is good or bad for your statement about, will we fall into a recession for two months . Somebody has to take china on. I like doing it because i have to do it. Donnanfor more, shawn from washington is with us. The president made several comments about china today. Do you see the messaging start to change . Shawn there is a subtle change, maybe acknowledgment that their shortterm econom
On a secondary Stock Offering by the company. Beyond is on track for its secondworst day ever. Its worst day was back on june 11th, when it went down more than 25 in volatile trade the secondary offer is for 3. 25 million shares 3 million will be sold by current shareholdered while 250,000 will be offered by the company. A regulatory filing chose that Ceo Ethan Brown plans to share more than 38,000 shares which could net him 38. 7 million. Theyll use the proceeds for expanding supply and marketing some believe that could lead to further Short Interest in the stock, because it could cut borrowing rates. But the bulls say the offering could be a positive for the company if the shares end up in sticky hands this as the companys actual results were fairly strong beyond raised its yearly revenue guidance from 210 million to 240 million it attributed its quarterly revenue beat to new partnerships and increased demand from existing customers despite the stock taking a hit, many analysts also
Drive global trade. Problem. Ids, a the vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seen weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. Founder expects to revenues by 30 billion to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and Development Spending it people close to the spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying the