Onjuly 19th, a bug infested update was sent to millions of computers running Microsoft Windows Around The World 7 crashing the systems of organisations from banking, to healthca re, and airlines. According to one estimate the Disaster Cost top us firms more than 5 Billion. Microsoft has announced changes to how it interacts with third Party Security firms. Our Technology Editor Zoe Kleinman looks at the effects of the outage. Thousands of flights grounded. Doctors appointments cancelled. Tv channels falling off air. The It Outage felt Around The World injuly has been described as the worst cyber event in history. Microsoft said around 8. 5 million computers Around The World were disabled after a cyber Security Company called crowdstrike sent out a corrupted Software Update to its nearly 2a,000 customers, many of them huge companies we rely on in our everyday lives. Look atjensen. Are we going to disney . Were going to disneyland right now. Jo and her children were among the thousands a
Live from london this live from london this is business todAy. Is business todAy. We stArt in the Red SeA where irAn bAcked Yemeni Houthi rebels AttAcked two more Crude Oil TAnkers with missiles And drones on mondAy in whAt us CentrAl CommAnd cAlled Reckless Acts of terrorism. LAte lAst week the group releAsed these pictures of Another AttAck on the greek flAgged tAnker sounion. Since the houthis begAn tArgeting ships in support of the pAlestiniAns over the GAzA WAr bAck in november they hAve lAunched more thAn 70 AttAcks, sinking two vessels, Seizing Another And killling At leAst three seAfArers. The economic impAct hAs been felt fAr beyond the region with ships forced to divert on A long And costly detour Around the horn of AfricA. West coAst soAred 389 Betwen December And july. From AsiA to europe its been even more expensive up 469 over the sAme period. Those prices hAve eAsed A little since but Are still mAssively higher thAn when the houthis begAn their AttAcks. Peter sAnd is Chi
Some signs of nervousness is also showing for the banks. Bonds are rallying a little bit so that means yields come in and that weighs on the bank so thats a little bit of a pause in the cyclical rally. How does the market really react to what the economists are seeing . They say we will be good in the second half of next your but have a really tough spot between here and there. Have the markets price that in . Abigail the markets do not appear to be pricing it in all that much. As you know, some of the longer term charts are starting to show the possibility that equities in particular are stretched and there could be some sort of sharp pullback for the end of this month or the beginning of next year. That could very well reflect the air pocket the jobs report for november is very disappointing suggesting december and january could be worse. It appears theres some sort of awkward middle ground in the First Quarter of 2021 and maybe beyond. The optimism that the vaccine will bring to the
Tom yesterday was extraordinary. We are still regrouping in new york from the news flow yesterday of transactions and of course of the president of the United States. The number one breaking story here in the zeitgeist of the east coast is that the president appears to be healthy, and the real decision for him today is, does he do a rally tomorrow in one of these key battleground states . That seems to be the topic is topiceck the topic the du jour. Francine lets get to first word news in new york city with ritika gupta. Ritika the white house is once again shifting its position on a stimulus package. Treasury secretary Steven Mnuchin told House Speaker nancy pelosi the administration now once an agreement on a largescale relief bill. Earlier this week, they president pulled negotiators from talks on comprehensive legislation. Officials are keeping up the pressure on washington to renew fiscal support for the economy. Dallas fed president Robert Kaplan sees a Slower Economy without mor
Nation. And donald trump is ready to return to the campaign trail saying he might attend a rally in florida this weekend u. S. President was of course hospitalized was cold and his doctor has not said if the president has since tested negative for the right. Im brian thomas good to have you with us today europe is seeing a resurgence in new coronavirus cases that have now surpassed those in the United States still infections reaching record levels in the United Kingdom and in france here in germany meanwhile the capital berlin has been declared a coronavirus ha spot amidst a nationwide surge new restrictions are going into effect with the head of germanys main Public Health Institute Warning that widespread infections are likely if people fail to keep hygiene and distancing rules but Officials Say the countrys Health Care System is up to the task. Coronavirus hotspots are cropping up all over germany but local and regional Officials Say the country is ready intensive care beds are avai