Little love for libra. To take onzon plans its new highend echo speaker. Begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know about the amount of the fine, tell us more about any other Additional Details that will be coming along in the settlement . That is the key. Facebook had said i believed it was in april they set aside 3 billion for this very purpose and the fine could be up to 5 billion. This was something the company was prepared to handle. Made 56 billion in revenue. The additional will be the details on whether or not any agreement includes something that could limit the Data Collection the company has or an
What are we doing equity wise . Yvonne it is about that jobs report. Making a little money for the fed. It will be interesting to see what jay powell says. Is he going to lay a strong case for some kind of easing cycle after that solid jobs report . There are indicators that it was not that strong here. Slower when it comes to wages. We will see that rate cut at the end of the month. You are seeing equities selling off here today. After this continued pressure from japan onchip materials. The chip sector is under pressure once again. Hong kong under pressure. Down more than 130 points. We are on the cusp of hitting another record here. The dollar is stronger after that u. S. Jobs report. We are seeing asia a bit under pressure. To what else we are seeing here. Oil is in the front after pulling back a little bit on friday and on are selling off as the market tries to correct that u. S. Jobs report. Does this lead to less expectation . They will cut 50 basis points. Looking out for the b
To it. But it is a mess. Alix this morning we are looking at the gulf of oman. We have two tankers under some kind of attack. About how or by whom. There are questions as to what it actually means. And who has the military capabilities to do that . Alix that is where you had those two vessels on their way to singapore, but a month ago we also had saudi tankers attacked, leaving questions as to who in the region would want that kind of attack and who would be able to carry it out. That is the real turning point for the markets. David oil was really on its way down before all this happened. Alix thats right. Yesterday oil prices really took it on the chin. A 3 rally on this kind of geopolitical risk right next to the straits of hormuz is kind of nothing at the end of the day. Part of that, to me, is still demand worries. Opecs monthly report lowering demand for the first quarter. Says, youre right, trade tensions and demand dont go handinhand. So we will see. David and had they set the d
Life in prison. . In los angeles, will car, akaca news. Our thanks to will. Commissioners in the florida city of Riviera Beach have decided to pay about 600,000 in ransom to hackers who have paralyzed city computers. They called a special City Council Meeting where they agreed to pay that ransom in bitcoin to get their stolen data back. The hackers got into the city system when an employee clicked on an email link that allowed them to upload malware. It will be really interesting to see if this has wider impacts. Thats interesting. A texas woman turned a highway near houston into big bear country. Her name, bessie. She caught lots of stares with this 8foottall, 95pound teddy bear on the back of her car. She says she was moving across town and teddy didnt fit inside. She made sure her turn signals and license plate were not covered. Bessie says a Police Officer gave her a thumbs up during the trip. Wow. Unfortunately, i bet bessie needed a bath when they got there because she probably s
Forces of the Russian Federation carried out 50 group strikes with highprecision weapons, firefloating rocket systems and Unmanned Aerial Vehicles, against airfield infrastructure facilities armed forces of ukraine, repair shops for weapons and military equipment, warehouses for storing Unmanned Aircraft and Unmanned Aircraft. Arsenal and bases of fuels and lubricants. All designated targets are hit. Also affected were the locations of units of the Ukrainian Armed forces and the formation of nationalist foreign mercenaries. Missile troops, artillery and Unmanned Aerial Vehicles of groupings of troops were destroyed in a week. Launcher of the salvo fire system made in the usa, two combat patriot antiMissile System vehicles made in the usa, and a launcher. Antiaircraft Missile System s300 with radiation stations, aviation air defense systems, within a week , a mig29 fighter and two mi8 helicopters of the Ukrainian Air force, a tochku tactical missile, five hamer guided bombs made in fran