Of cracking the uk market. Live from london, this is business today. It this is business today. Is packed. I m sally bundock. This is business today. Let s get going. We start with al chip maker nvidia. Its record rise to one of the world s most valuable companies has wowed wall street. Now, it s breaking records again, but not in the way it wanted. On tuesday, nvidia lost the most stock market value in a day of any company in us history as part of a steep sell off that hit tech shares particularly hard. Nvidia continued to fall after hours as bloomberg reported that it has received subpoenas from the department ofjustice, which is investigating whether it has been abusing its dominance of the market for al chips. Let s just show you the numbers because they are pretty staggering. Almost $279 billion that was the amount wiped off the value of nvidia over the course of the trading day. It adds to losses last week after the company s forecasts disappointed investors. Nvidia has been th
Findings. But he started by saying that the simple truth is that the deaths that occurred were all avoidable and those that lived in the tower were badly failed. Listening to all of that with me as my colleague, ellie price, and we will talk in more detail now about what sir martin said. Thank you forjoining me, and just broadly sum up the findings from today. figs just broadly sum up the findings from today. As you sa , findings from today. As you say. There findings from today. As you say, there were findings from today. As you say, there were some findings from today. As you say, there were some of. Findings from today. As you i say, there were some of those key phrases which i think were important to draw out from that report and so martin moore bick talked about decades of failure from central government and many of the companies involved and many of those various people and groups and organisations who had a role to play in all of this and even the start of the report talks
In six people died. They face challenges are fighting blazes in the high rise block. They said that the firefighters who went into grenfell had not been prepared for what they would need to go through to try and save lives. Joining me now is matt wrack, general secretary of the fire brigades union. Hello. The london fire brigade has released hello. The london fire brigade has released a hello. The london fire brigade has released a press hello. The london fire brigade has released a press delete i has released a press delete that statement but has not made themselves available to interview. What you think about that?. , ,. ,. , that? that is for them to answer that? that is for them to answer. We that? that is for them to answer. We do that? that is for them to answer. We do not that? that is for them to | answer. We do not speak that? that is for them to answer. We do not speak for them and obviously, there are debates and criticism. I’m debates and criticism. I m askin: d
Seems to be reducing. But there are also concerns about the wider us economy that led to a wider sell off on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. The chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing production data shrank for a fifth month in august. The institute for supply management manufacturing gauge edged up to 47. 2. A reading below 50 indi
Fasten your seatbelt packed 30 minutes coming up. As youve heard us President Biden meets russian counterpart Vladimir Putin in geneva today the first time as president s. Many are asking with Us Russia Relations at a low point will there be anything they can agree on . Russia recently included the us on its official list of unfriendly states and both sides describe relations as at rock bottom. All this Political Tension pours over into business with sanctions hindering meaningfull trade, commercial ties between the countries have also reached a low. Philip worman is Managing Director of gpw group, a Political Risk consulting firm. Good morning. Good morning. What do you good morning. Good morning. What do you think good morning. Good morning. What do you think may good morning. Good morning. What do you think may be what do you think may be achieved here, if anything, what do you think may be achieved here, ifanything, by these two meeting today . I think the first victory is that the