Now its time for World Business report. Hit by the eu profits fall at googles Parent Company alphabet, after a huge fine levvied by the european union. And bitcoin whats it for . Well, now you can use the cryptocurrency to pay for art. All will be explained. Welcome to World Business report. Im rachel horne. In a minute sharanjit will tell us how sk hynix increased its profits by more than 500 . Three of the worlds most valuable Internet Firms release their latest numbers this week. The biggest by far is googles alphabet, which has just reported a 21 jump in revenues. That was better than expected but there was less cheer on the when it came to earnings. Net profit fell 27. 7 to 3. 5 billion. Hitting the bottom line was a 2. 7 billion fine issued by the European Commission injune. It ruled the firm abused its power by promoting its own shopping Comparison Service in its search results. Google says it may appeal. But, alphabets shareprice fell 3 in after hours trading. But take a look a
See . This is the brilliance of the show. I say always keep them running. All the time running, run. Run. Run, yasmine, run like the wind. In the 90s, were going to revolutionize Human Communication using desktop computers. Youve got mail. What is the worldwide web . In the world of computers its Kill Or Be Killed. Please welcome bill gates. Do you agree or disagree you have a monopoly . Check out windows 95. This is imac. Its a technological revolution thats taking the way we do everything from making friends to falling in love. When the new millennium arrives so will a technological tidal wave. Computers were in 1990 a disconnected device. It was a brick, right . That sat in your house and let you do Amazing Things that youd never been able to do before but it was essentially a productivity tool. Now that we have all these very powerful tools, were still islands and were still not really connecting these people using these powerful tools together. Apple was in a period of decline. St
A newscast reviewing and analyzing top stories of the day as they happen. That and 300 billion after that. Basically the entire u. S. Trade relationship with china. Initially on the next tranche of 200 billion, the president was thinking about Levying Attacks of 10 . This afternoon were going to learn that the president is going to up that to 25 . The belief here among his trading Economic Team that china continues to be a bad actor when it comes to trade and they need very strong influence, if you will, to try to get china to change its ways. Listen to what Sarah Huckabee sanders. The president has made some head way the e. U. In terms of lowering trade barriers, taking steps towards levelling the Playing Field. Does the president and his team believe that is possible with china without taking some real punitive measures . Wed like to see the Playing Field levelled. The president as both he and i think about 15 members of his administration have said
repeatedly, wed like to see the un
Thanks to our powerful trade policies, the Trade Deficit is falling and falling. American steel mills are back open for business. We are starting to set new records, and nobody believes it could happen this quickly. Democrats want to raise your taxes. They want to destroy your jobs. They want to crush our industries with crippling regulations. And you know the stock market is up almost 40 since that great november day. And america now is winning again like they havent won before. Bill it went on like for over an hour. The headline. U. S. Workers get the biggest pay raise in 10 years. Wage growth that has been stagnant for americans. Absolutely. Gdp numbers last quarter were very good. Around expectations a little over 4 . More than sustainable growth. Something you can hang your hat on. Again, economists, moodys say if the trade policies were fully implemented you could shave up to 3 10 of a point off the gdp. Its trillions of dollars of lost economic activity. Bill scaramucci is writi
A roundup of the days events. Five people were taken to the hospital. Outside the gates, at least 300 cars were totaled. As i mentioned, several animals did not survive it. We move on now, to a Police Officer in pennsylvania charged with voluntary manslaughter tonight in the shooting death of a man, after that officer responded to a call near an Amusement Park. Heres abcs steve osunsami. Get on the ground right now. Reporter here comes the moment where a pennsylvania prosecutor tonight is saying that the Police Officer on the other side of this police suv went too far. Get on the ground. Get on the ground reporter 44yearold joseph santos, who police say is seen on Cell Phone Video refusing commands, was shot and killed. Tonight, theyre charging officer Jonathan Roselle with voluntary manslaughter. In my opinion, this was the act of a relatively inexperienced officer. Reporter officer roselle had just graduated from the Police Academy last december. In july, he was called to this Amusem