and intel. they face now inflation fears as well as operating in a higher interest rate environment. they have also been cost cutting, putting cost cutting measures in. dancers are key is a debited dancers vicki says he is not optimistic about technology stocks in the united states. dan suzuki. i don t really see any reason to expect anything different from what we have seen both from these companies over the past couple of quarters but also from the companies we have only heard from his earnings season. i think what is clear is growth is slowing and this is hurting these companies notjust on the revenue front but the profitability front which i think is front and centre for markets. we were talking about meta layoffs and other big companies, also the collapse of the silicon valley bank. do you think that maybe this is finally, the pay might be over in the next quarter? the pain might be over. nothing i m seeing in the data is really suggesting that. again, wejust he
giant has revealed results for the first quarter of this year. the last quarter before it had to be rescued by its swiss rival andy illustrate the scale of the crisis which was around the corner. betweenjanuary and march, credit suisse made a pre tax loss of nearly one and a half billion dollars and to add to its woes, a massive amount of deposits were withdrawn in that three month period. total output was nearly $69 billion and to remind you what happened next, there were fresh doubts about the stability of the wider banking industry, just a few weeks ago investors became increasingly fearful for the future of credit suisse, it was eventually bought by the swiss rival in what was described as an emergency rescue. the $3 billion price tag a mere fraction of what the bank would have been previously valued. this crop looked cross live to the head of investment at interactive investment. for being with us. what s interesting is that we also heard from credit suisse today that wi
we begin with uber, as uk drivers today will have paid holidays, pensions, and a minimum wage a change that could be replicated in other countries around the world. and this comes one month after the us firm lost a legal long battle in the uk which began in 2016 over drivers status. in last month s supreme court hearing, uber had argued it was a third party booking agent, and its drivers were self employed. our transport correspondent caroline davis spoke with uber s european boss in an exclusive interview. today is an important day for all the drivers in the uk, and the reason for that is because, from today, any driver who earns on the uber platform, and that s over 70,000 drivers in total, will be able to be paid for holiday time, they ll be enrolled in a pension and they ll be able to earn at least the national living wage as a floor and not a ceiling. for years politicians and unions have said that you have been playing fast and loose with employment rights. does this
The ftse is down. The size of the divorce bill has investors worried and well explain why. And how do you fancy dinner with a stranger . No, were not talking about a first date, but a new app that promises to serve up a local, authentic home cooked dinner at the press of a button. And so today we want to know if sally or i nipped round to your place, what would you make us . Whats on the menu at your house . Let us know. Use the hashtag bbcbizlive. Hello and welcome to Business Live. Sendin send in your invitations. Wed love to come round for dinner sometime apple is the worlds most valuable company and it made another huge profit in the first three months of the year. But it was a bit of a mixed bag. The california based giant sold just under 53 billion worth of products as it continues to dominate the smartphone market. But surprisingly iphone sales actually fell by 1 mainly because customers are holding off purchases while waiting for the tenth Anniversary Model expected this autumn