Territory. We will have a look at the markets later. And piggy backing a mobile network. Well be looking at the growing trend of Virtual Network operators and ask whos winning the consumer or the company . And as facebook earnings surge 71 and its number of friends swell to over 2 billion, today we want to know are you a facebook Friend Or Foe and why . Let us know. Just use the hashtag bbcbizlive. I have just sent to a Friend Request, i hope it will be accept it hello and welcome to Business Live. We start in Silicon Valley where it seems there is no stopping the worlds biggest social network. Facebook has seen another huge jump in profits as Advertising Revenues keep on rising lets show you just how big. In the three months to the end ofjune, facebook made a net profit of 3. 89 billion. Thats a jump of 71 on the same period last year and better than wall street was expecting. Injune, the number of active monthly users crossed the two billion mark. That means more than one in every fo
lack of understanding neil: you can argue that point. i want to know about the economic impact, whether you like it or not. do you think if these tariffs take hold with mexico and we ll know this weekend, the president could delay them, combined with what is coming for china, that you think this is going to have a whammy? yeah. it s not just me. it s bipartisan economists and people across the spectrum that have those concerns. there s a small number of people think it s the right way to go. neil: are you surprised we ve done as well since we first went after china, 14, 15 minutes ago? the markets are up 3 to 5%. sure. but we haven t seen the real impact of these yet. neil: but you think it s coming. yes. neil: is it coming? i think the economy is strong enough. that s why the markets are doing well. a resolution will come sooner than later. that will really set the markets higher. i don t think we need that for
expecting to surpass those numbers today. if you look at the figures of $7.8 billion expected totally for online shopping, you can expect amazon to be a big chunk of that money. polo. my wife accounts for 961 packages, alison. thank you for pulling back the curtain on the amazon magic for us. if you don t get free shipping, don t do it. you should expect free shipping. look at global stocks. looks like they are moving higher after the weekend. nikkei and shanghai and hang seng. nikkei down. shanghai is up 2%. europe shows the markets higher. bank stocks doing well. signs of hope with italy and reworking the framework with the eu. you see the ftse in london is up and cac and paris. let s go to wall street.
and people have lost hope his body will be found and he will ever get a proper burial. dave. jomana karadsheh live as prayers are under way there in istanbul. thanks. let s get a check of cnn business. markets higher. nikkei down a little bit. shanghai is up. european markets opening positive. dax and ftse higher. on wall street, futures this morning. down a little bit after the dow jump yesterday of 209 points. that snapped a four-day losing streak. we will see if the mood can possibly hold here into the morning. the s&p gained 1 p%. nasdaq closed up 2%. apple finished up 2.5% after morgan stanley said the recent selloff was due to supplier concerns and it was overdone. a bounce back for apple. more people are visiting walmart for toys and groceries.
senate. if confirmed, she would be the first black woman to serve as attorney general. did you get freaked out by stocks yesterday? it was an ugly day. this is what it looks like right now. asian markets mixed, european markets higher. our market plunged yesterday. futures indicate we could bounce back today, but yesterday was the worst day of the year. the dow tumbled 332 points erasing all of its gains for the year. the s&p 500 also now negative on the year. it sank 2%. the surging dollar is what really really spooked investors. the dollar at a 12-year high against the euro. and the euro is slipping even more this morning. that means it s the best time in 12 years for you to take your dollars and go traveling to europe. but it s bad news for the u.s. companies that are selling their goods overseas. it makes their products more expensive there, slashes the value of their overseas earnings. so good for foreign travelers, u.s. travelers traveling abroad. but not so great for the big c