Live from new york, at the opening bell, this is business today. Traders tread water on wednesday. Cranking up the voltage on trade tensions. Canada slaps hefty import taxes on electric cars made in china older, wiser, and ready to spend. How businesses are finding a Silver Lining in indias ageing population. Welcome to business today, im Michelle Fleury live from new york. Us markets slip at the open after the record close. More on that any moment. Lets turn our attention to markets, the dow is down two tenths of a percent right now, after the wreck a close yesterday. The snp and nasdaq have not fared so well. Traders are turning away from the Technology Stocks right now. For more on this is the chief market strategist, great to see it this morning. Are you surprised this rally is stalling . What should we read from the dow slipping back slightly . Read from the dow slipping back sliuhtl . ,. , slightly . Good morning, i dont think they slightly . Good morning, i dont think they can
Just had the latest reading on the economy there for the first three months of the year. Official figures revealed the economy expanded at an annualised rate of 1. 6 , far below expectations and also less than the growth seen in the final months of 2023. Meanwhile, inflation, which measures the pace of price rises, has increased. At the start of the year, experts had been forecasting a series of Interest Rate cuts in the us so how do these figures play into that crucial decision . Lets talk to our north America Business correspondent now, erin delmore. Erin, the economy is growing but those figures arent as good as expected. It is inflation that is still a big issue . W , it is inflation that is still a big issue . , , ~ , issue . Exactly. Numbers like this like gdp give issue . Exactly. Numbers like this like gdp give us issue . Exactly. Numbers like this like gdp give us a issue . Exactly. Numbers like this like gdp give us a good issue . Exactly. Numbers like this like gdp give us a
was the most effective structure to deliver value for anglo american shareholders. anglo had rejected bhp s previous offers, saying they undervalued the company and its prospects. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. speaking of deals, it s been a big week for consolidation in the energy sector. the latest development? conocophillips s acquisition of marathon 0il in a $22.5 billion deal. erin delmore has all the details and more on this rising trend. think about the early days of the pandemic people were stuck at home, not going out and not driving their cars. oil prices crashed, but since then, oil prices have come back up. 0il oil producers are back to making bank and using cash on hand to strike some deals. take conocophillips. its share price has nearly tripled and now it
publisher of the tabloid the national enquirer. he testified early on in the trial about a catch and kill scheme to buy and bury stories that might harm mr trump s political campaign. before deliberations began, juan merchan, thejudge presiding over the trial, told jurors they should set aside whatever bias they might have about mr trump, and only consider the evidence presented in court. during the six week trial, the jurors heard from 22 witnesses, including miss daniels who described in detail the 2006 sexual encounter she says she had with the former president and from michael cohen, donald trump s former attorney and fixer, who paid ms daniels $130,000 to allegedly buy her silence shortly before the 2016 presidential election. the defence argued the case was built on lies told by mr cohen a point mr trump echoed while speaking earlier. mother teresa could not be these mother teresa could not be these charges. mother teresa could not be these charges. these -
BHP s aim was to secure Anglo s prized copper assets in Latin America and increase access to a metal central to the global shift towards clean energy and electric vehicles. But the structure of BHP s deal, which required Anglo to unbundle its South African platinum and iron ore businesses, was a major reason for its collapse.