And the losers. Also in the Programme Robots are increasingly taking ourjobs, but will it be good for the economy . Our economics editor kamal ahmed will be here to discuss that and the latest on brexit. Today we want to know, would you pay to tweet . Twitter is considering a paid membership option for businesses and power users what do you think . Use the hashtag bbcbizlive. Get in touch with us, we do love to hear from you. Welcome to the programme. We start in the us, where President Trump is battling to deliver on one of his biggest election promises, and to hang on to his credibility with investors. Late on thursday, republicans were forced to delay a vote in the House Of Representatives on scrapping and replacing the Healthcare Reforms known as obamacare becuase they struggled to drum up enough support across their own party. Mr trump is now trying to force a vote this afternoon, without knowing if it will pass. On wall street its being seen as a key test of the Trump Administrat
Joining us at the business desk. Filed for chapter 11 bankruptcy, cutting losses from u. S. Unit as it tries to rebuild its finances. The Company President says the bankruptcy filing is the first step in restoring its health. Toshiba says it can post a net loss of 9 billion fiscal year. That would be the biggest ever for japanese manufacturer. We believe the removal of westinghouse from toshibas consolidated earnings is in line with the companys policy of avoiding risk from the Nuclear Business abroad westinghouse has faced ballooning costs to meet upgraded Safety Standards at four reactors its building in the u. S. The subsidiary received orders for the reactors in 2008. Earlier toshiba projected losses from westinghouse to reach at least 6 billion for the current fiscal year. Toshiba executives say they will remove westinghouse from their consolidated Financial Statements and they intend to withdraw from the u. S. Nuclear business entirely. Joining us in the studio, we just heard off
Desperate luminary aprils preliminary university of michigan sentiment. David welcome back to the program. Is it as good as he makes it out to be . So far. I havent been through the full release. The Biggest Surprise coming from trading, whenever they have a big beat like that, that is the first place i look. Fixed income coming in betterthanexpected. Growth came up 17 yearoveryear. Analysts expected trading to be down and was actually a bit higher. Long growth came in around 9 . Trading, weok at focus on the Net Interest Margins. The industry statistics have shown a big slowdown. Question andk the there wasnt a solid answer as to why the industry was showing slowdown. Some of the regional banks have been sing that theyve been saying Slower Growth saying that theyve been seeing Slower Growth as well. David it is tapering off somewhat. Yes. Last year, a lot of the growth came from mortgages. Holding more mortgages on your book. Where investors are focusing this quarter is the slowdown i
And the n poll that had hillary up 11 points. Can trump make a comeback. Republican Campaign Headquarters in North Carolina fire bombed overnight and burned out. Trump tweeted that animals had done it. He says its part of a totally rigged election with help from the media. Hes urging supporters to monitor polling stations. Ive got one more thing for you, more talk about a financial crisis, dead worldwide, that, says wellknown economist, samuelson, is a big problem. Were off and running, exciting times for politics and money and thats what we do, politics and money. Varney company is about to begin. Mosul, second largest city in iraq, the battle to liberate it from isis control is now underway, its started. There are up to 2000 isis fighters in the city. Reportedly theyve boobytrapped the whole place, anywhere from a million civilians in there as well. Colonel ralph peters will join us. U. S. Forces are a part of the battle for mosul. Remember this, a g. O. P. Office in North Carolina f
Having a look at the european equities. 30 minutes away from the end of the thursday session. You know the function. Bonds, andaren c, commodities falling in europe for the fourth time. Down against the dollar despite stronger than expected gdp data. The yields on a whole array of higher since the 23rd, the day of the referendum vote. What a busy earnings day we have had among the busiest so far. This seasonapb shed 7 . Apb shed 7 . Deteriorating markets could pressurize the company, which is facing pressure itself from an activist investor. Its been pushing the company to spin off power grids. The worlds biggest maker power grids decided this month to keep the business after completing a review. Pressures coming from the biggest activist investors. Its the biggest drop since june 27, just a few days after brexit. Reported a 6 drop in sales. A waning demand for Wireless Network is weighing on revenue. Ericsson is suffering as well. They are limiting network expenditures after the lates