Restarting next week thathelped things in asia. In europe, its a bit of a mixed picture. The dax up by 0. 1 you do see red arrows for both the cac and the ftse the ftse, well talk more about Boris Johnson who will become the Prime Minister there today ftse now down about 0. 8 stocks are flat in italy and in spain. If you check out the treasury yields here in the United States, you will see this morning the tenyear is yielding 2. 057 the big story of the morning, shares of Big Tech Companies like google, amazon and facebook, theyre under pressure after the u. S. Justice Department Said theyre opening a broad antitrust review of Technology Firms the review was scrutinikru desie if these companies are stifling information and harming consumers. The Justice Department does not name specific companies, but it is likely to encompass google, foos facebook this is the real first shot across the bow by william barr and the doj. You know you have the democrats, you have the republicans also afte
Drive global trade. Problem. Ids, a the vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seen weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. Founder expects to revenues by 30 billion to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and Development Spending it people close to the spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying the
Youtube kids, a problem. The vast majority of children are not watching. The Smartphone Market taking a huge hit in the trade war. Apples iphone could be seeing weaker than expected demand, especially in china, and huawei gave a doomsday estimate for smartphone sales. The company is ready for a drop of up to 60 in International Smartphone shipments. The huawei founder expects to slash revenues by 30 billion over the next few years. International shipments that go outside of china account for about half of Huawei Smartphone sales, and that is a chunk. He talked about the revenue hit. They dont want to resort to mass layoffs, they dont want to sell off parts of the business, and they dont want to reduce research and development spending. People close to the situation tell me they have been looking for that dropoff in smartphone sales. This is something weve been talking about, talking to partners, customers across europe, saying theres a dropoff because people dont know what will happen
Cover image of families on Mango Island in the Ha apai group waiting for help after the tsunami hit and destroyed every home. Photo credit: Piokalafi Faka’osi - As communication with Tonga is slowly restored, the devastation to the small island nation is becoming more apparent. So far the oficial fatality number remains at three and Digicel has been able to restore limited international voice and text connectivity via a satellite connection. US cable company SubCom has advised that the best case scenario is four weeks for the cable to be repaired, with the repair ship expected to arrive in Tonga