With the great, great granddaughter of the companys founder. As always, do get in touch with your thoughts on any of the stories were covering the show. Just use the bbcbizlive. Hello and welcome to business live. Now, after a decade of hardship and austerity, things are looking up. The World Bank Says Global Economic growth is likely to strengthen this year and that it will be the first year and that it will be the first year since the 2008 crisis when the world will be operating close to its full potential. 0verall Global Economic growth is expected to edge up Economic Growth is expected to edge up to 3. 1 . Thats after a much stronger than expected 2017. Advanced economies will be around 2. 296. Advanced economies will be around 2. 2 . Emerging economies are likely to grow by 4. 5 . Generally this is because of increased investment in, improved confidence and a rebound in commodity prices. This last one is especially important for developing economies. Well the World Bank Says the f
Reported that chinese officials had recommended slowing or halting purchases of u. S. Treasuries. Global debt markets were already selling off. Signs that Central Banks were stepping back from bond buying stimulus. Such a move by china could make it harder for the u. S. To finance budget deficits brought on by President Trumps taxcut. President trump has promised not to attack north korea on negotiations underway with the south while negotiations are underway with the south. Trump repeated the u. S. Is open to talks with kim jonguns regime under the right circumstances. North and south korea have agreed to hold military talks but pyongyang says its Nuclear Program is offlimits. Germany is maintaining a hardline stance on brexit, demanding the u. K. Pay for the privilege of its Financial Firms having access to eu markets after it leaves the brock bloc. German Officials Say the u. K. Cannot hope for a trade agreement that includes Financial Services unless britain agrees to make substant
Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while
Payment. Out a ferryying service. Gavin newsom is waiting in. Turned Fund Investor hollywood heavyweight. I doubt how Ryan Kavanaugh is using tech to rewrite the rules in entertainment. First, the lead. A new gold rush. The race to mine bitcoin. The value of the Digital Currencies has surged from virtually nothing to more than 1000 in the past year. There have been wild fluctuations of to more than 1000 and far below. The point has to be mined on computers with very complex algorithms. This comes as ali baba, the chinese ecommerce giant, has shoppinge point on it platform. The Chinese Government recently banned bitcoin deposit. Asga will start accepting it a form of payment for some of its game. Matt miller joins us now from new york. Talk about the power it takes to actually mined these things. If the Bitcoin Community concerned about that . This is a big problem with , but something the creator expected to happen. I do not consider myself a bitcoin expert come up but i spent a lot of
Court filing concerning Paul Manafort. Robert muellers office is accusing manafort of violating the plea deal he agreed to earlier this year. In a joint status report, muellers team says, quote, after signing the plea agreement, manafort committed federal crimes by lying to the fbi and the special counsels office on a variety of subject matters, which constitute breaches of the agreement. But manaforts lawyers are disputing those assertions. In that same filing, his legal team writes, manafort has provided information to the government in an effort to live up to his cooperation obligations. He believes he has provided truthful information and does not agree with the governments characterization or that he has breached the agreement. Back in august the federal court found manafort guilty on several counts of financial fraud. Both cases involved manaforts political consultancy for a previous russian backed government of ukraine long before he served briefly as Trumps Campaign chairman. T