leave interest rates unchanged in june. leave interest rates unchanged injune. charles lieberman, who has worked at the new york fed and is now chief investment officer and advises capitol management explained the rationale. rationale. the fed has tightened rationale. the fed has tightened monetary i rationale. the fed has - tightened monetary policy quite dramatically quite quickly, basically a phase with five percentage point increase in a little more than a year. and thatis little more than a year. and that is huge. historically it is an enormous increase. and i think there is a loss of there is one view that the feds should wait to see the impact of what they ve done. any should wait to see the impact of what they ve done. any break ma be of what they ve done. any break may be short of what they ve done. any break may be short lived. of what they ve done. any break may be short lived. us - may be short lived. us inflation are still running well above the feds
today, the business headlines will be dominated again by the huge profits made by one of the world s top oil companies. this time it s the turn of bp its latest results are out in an hour and a half and it is expected to reveal it s made substantial sums in the last quarter. last week, shell announced it made record annual profits of nearly $40 billion in 2022, double the previous year s total and the highest in its 115 year history. energy firms have seen record earnings since oil and gas prices jumped following the invasion of ukraine. dr carole nakhle is chief executive of crystal energy, a consultancy that provides advice, research and training to the energy sector. thank you for being on the programme. if we look at the numbers to begin with will bp be record numbersjust like be record numbers just like shell? be record numbersjust like shell? i be record numbers “ust like shell? ., ~ , shell? i don t think bp will be an outlier shell? i don t think bp will be a
let s get down to business. america s supreme court is set to hear two cases back to back that could reshape the internet. the first is gonzalez vs google. the second case being heard on wednesday is twitter vs taamneh. both deal with whether tech platforms should have legal immunity for what their users choose to post. for more, here s our north america business correspondent michelle fleury. should tech companies be held liable for harmful content promoted by their algorithms? that is the question being put before america s top court. eight years ago, gonzalez, 23 year old exchange student was killed by ices gunmen in paris. the family in seeking justice for her death is targeting google s video platform, youtube, alleging that by distributing terrorist training videos on its side, the tech giant acted as a recruiting platform for isis, in violation of us laws about helping terrorists. at the centre of this landmark as is a federal court forged in the earliest days of today