hello and welcome if you re watching in the uk or around the world. twitter s new owner elon musk has defended his decision to sack about half the firm s workforce without warning. mr musk said the social media platform was losing large sums of money every day. he s insisted twitter s commitment to content moderation remains unchanged, despite the loss of key staff and anxiety among advertisers. in an interview, elon musk revealed that twitter was losing around $4 million a day, meaning costs had to be cut. he promised twitter wouldn t degenerate into what he called a free for all hellscape when content moderation is loosened. but advertisers including general motors have withdrawn their business, which is likely to lead to a drop in revenues. and now twitter faces lawsuits from the hundreds of employees over the way they were fired. out technology editor, zoe kleinman, reports. elon musk did not speak to any of the twitter employees laid off today. he was a surprise guest
live, work and play. this week, metaverse marc tells real marc how it is. you had help from the likes of me, the trimmer, younger looking virtual version of you that has helped with all of these stories on the telly. it s true. seven decades on, facial recognition renos one holocaust survivor with a photo from her past. yeah, that is me, for sure. and spencer meets the robot doing improvised comedy. i can learn from my mistakes. ha ha ha. don t laugh, this is serious stuff. whether we know it or not, whether we feel it or not, we are all connected. we are all made from the same stuff. and the testing ground here in london is a brief reminder of that. this collaboration between artists and scientists at kings college london is an illustration of how our physical and digital environments come together in today s society sometimes in seemingly unconnected ways. and the sim project makes art out of the small chips that have for some years, been central to our communications, in
On radio and television, what you need to know, a data check into our discussion this morning. The markets are on the move. Just one icon from the Northern Pacific rim, the japanese yen through 1. 50 is historic. Lisa its not just the yen, the bond yields are continuing to go up and youre seeing softness in areas where we see companies outperform. When we reach a Tipping Point . We are not there yet. Tom Julian Emanuel will join us later. Its real simple, he says the fed cannot be happy. You see that with the unraveling of the two sent spread. Lisa the market maybe is doing the work for them but its not clear its actually doing the work thats needed. We will get a gdp figure today that shows a reacceleration in growth that is not what the fed wants to see. We saw a blowout number yesterday of new home sales. The fed is not counting on this to drive down inflation. Tom im drowning in the narrative. Katherine greifeld is joining us this morning. Gdp, first look, 4. 5 . We are struggling.
Good earnings and then the ugly being the obvious. Whats going on with mega caps alphabet down, meta down, microsoft now down, apple as sara was talking about, now below 170. How do you size it up here yeah its weird its a day you have a bizarre strength in small caps doesnt really appear to be appro po of many in particular youre probably going to get favorable pce data on the inflation front, but i think the big takeaway we talked about this on tuesday, judge the first thing is that its probably better if youre a trader to take advantage of an earnings move post than to try to anticipate going in because what a lot of these situations have in common is, the earnings are great and then you get this p punishing reion. Even if you knew the earnings would be great you didnt know how the crowd would take it. Now we know. The skds thing, i think the big takeaway is the rallies on cost cutting and the, quote, unquote, year of efficiency some of these companies have declared, are over now sh
Biggest incursion to date into gaza. Early this morning a column of tanks and bulldozers moved in. Prime minister netanyahu says the idf is preparing for a Ground Invasion soon, thats his word. President biden has again warned iran not to attack american troops. Central command has confirmed that two dozen soldiers were injured in drone attacks the from groups linked to iran. Next, the market. And the real story here is the sharp selloff in technology stocks. Heres big tech this premarket action. All of them down. All of them down again. Now, there have been some disappointments in big tech earnings, but theyre all way down. Yesterday and this morning. This is not helping, treasury yields going back up again, the 10year now at a 4. 91. It was closer to 5 earlier today to. The 2year till well above the 5 level are, 5. 07, to be precise. Stocks overall mostly down. That was earlier this morning. Then we got a report of 4. 9 economic growth, and that has pared those losses, so right now w