Many people. Tencent is one of the most active investors in the world. More than 450 investments under the companys umbrella and that is more than the number in softbanks universe and includes names like tesla, snap and epic. Thirdly, american businesses operating in china, like mcdonalds and starbucks, they rely on the wechat app for their operations so being cut off could jeopardize their business there. There are so many questions still outstanding but its really hard to understate the importance the daily role of wechat for chinese internet users. Its called a superapp people use it for everything from messaging and booking a doctors appointment and we dont have an equivalent here. Tik tok is popular in the u. S. Its looking at a sale to microsoft so it could get around that ban there is no such option for wechat, carl weve tried to explain to investors just how important it is on the other side of the world. Lets bring in global head of Technology Investment strategy at deutsche.
At the News Conference today steve. Thanks very much, melissa the Federal Reserve left Interest Rates unchanged at the june meeting but made a major change in the outlook, suggesting maybe a cut ahead, maybe in the next months meeting in july. Effectively ended the policy of patience as it was born, actually signalled where it wouldnt do anything for several months, instead it is now emphasizing uncertainties in the Economic Outlook and, quote, it would act as appropriate in economic expansion. Remember back in march no federal official forecast a rate cut in 2019. Now eight are on board with rate cuts, at least one this year, and seven of those forecast two cuts, and the fed chair saying even though they arent forecasting cuts, well, theyre leaning that way. The number of those that wrote down a flat race pass agree that the case for additional accommodation has strengthened since our may meeting. Uncertainty surrounding the baseline outlook have clearly risen since our last meeting i
Trials in georgia. For Federal Court, its a no go. As we wait to see if donald trump moves his case as well. Were going to see Meadows Decision, what it might mean for the president s future if he makes the same request. Plus, a georgia judge says hes skeptical of fani willis. Plans to put all of that including Donald Trump On Trial next month. I believe, and i will tell you why i think that she knows exactly what shes doing. Im simone, and i have something to say. We start today with the devastation in morocco, where a powerful earthquake hit late on friday night. At the center of the 6. 8 magnitude earthquake, about 36 miles east of marrakech in moroccan highlands, high at less mountain range. It claimed more than 1300 lives, and that number is expected to grow. The scope of the damage is unknown as crews are working to rescue any survivors trapped beneath the rubble. Heres nbc news 1400 front matt bradley with more. That frenzied Rescue Effort is underway as the death toll and injur
Know it was Just Announced that china is banning. Mining of bitcoin in china south korea saying were going to provide some Mining Equipment these chips for china. Some people say that again thats just fake news as well that were or were misreading the statements coming out of china that china just has theres a problem with the local corrupt officials who are doing deals with between miners getting the taxpayer to finance the electricity for the Mining Operations and taking all the money themselves so again we dont know really whats going on in that part of the world but right now in the long term samsung plans to expand its my new equipment venture from china to other regions like south korea and japan they have a stronger demand for crypto currency than other countries are the reason they have all this confusion as a National Government in various locations still dont even understand what crypto currency is. Mining works what bitcoin does and that confusion and that learning curve tha
Than half a century this was a domain of private Water Companies however since two thousand things have begun to change. Ninety four cases of this awful fronts and i think that this is quite important as a trend especially because france is they count as inventive with the proposition as we know it today the country that those with a proud ties a should best. Be and yet look at all this on the recent be upon you so stupid the problem should be. Heat up your community saw him enough to get on and you eat. Biscuits entered this it good dont want to send me its just you you have enough to do is bunk you dont. Know when you buy the regime of a family by going to the seashore now i. Each year and then easy. Resort Shruti Haasan live how are you separate a party or. The successes to that era are todays french Multinational Companies veolia and suez two of the Worlds Largest private water corporations. Do you see who is kissy. Stoic and see in. Him is. Look for more of less hes seen a supermo