were conglomerates make their own laws? work through what s vague. it doesn t matter. the only criteria is worked. we ll hook people up. we shed light on the opaque world who s behind, who benefits and why are they a threat to us all open world start to june, 2nd on d, w. o, o. 843 percent tumble on wall street and a lot of questions after shares of snap tank this week. what are the problems social media companies are facing? also on the show, it s been dismal months for bitcoin and other crypt occurrences. and where do they go from here now that carnations have pinned their economic hopes on them? that will go to the world economic forum in davos, where social inequality is a topic, at least for some i m chris kolber amberlynn brought with the program. social media starts as tumble this week with meta, pinterest, twitter, and google baron company, alphabet all dropping between 5 and 24 percent. the sell off comes after snap on our snapshot, issued a profit warning at the beg
all right, here with me as my colleague to punish him belo from be able to business to talk about this. to ponder, snap says the business environment has changed. what are the specific problems that social media companies are looking at? well, there s a lot of macro economic issues that those social media companies are looking at, which of course, other companies i was looking at were talking about inflation. rising energy costs, supply chain disruptions which have, of course, been all around since the pandemic hit us around 2 years ago just over 2 years ago . and though the issue that also these companies are dual dealing with because they of course they get a lot of their revenue from advertising. and when advertises, don t wanna use their money for advertising because of course i energy cost means companies are spending more on energy and that s definitely going to be an issue. and then of course, also supply chain disruptions are leading to another issue. although adverti
all right, here with me as my colleague good ship on a jan bell from be able to business to talk about this. she found a snap says the business environment has changed. what are the specific problems that social media companies are looking at? well, there s a lot of macro economic issues that those social media companies are looking at, which of course, other companies are looking at. we re talking about inflation. rising energy costs, supply chain disruptions which have, of course, been all around since the pandemic hit us around 2 years ago just over 2 years ago . and though the issue that also these companies are dual dealing with because they of course they get a lot of their revenue from advertising. and when advertises, don t wanna use their money for advertising because of course high energy cost means companies are spending more on energy and that s definitely going to be an issue. and then of course, also supply chain disruptions are leading to another issue. althoug
Claims at a fiveweek high bon employee bonuses of 1,000 at some places. Now on to the next total in washington the shutdown as the deadline approaches well go live to d. C. For the state of play. And the apple conspiracy theorists were right the company does slow down your old iphones and consumers are upset. Details on that, coming up first up, though, as the tax reform bill awaits the president presiden president s signature, Many Companies announcing bonuses, pay hikes and Capital Spending sn initiatives. At t will invest an additional 1 billion in the United States. Our own parent, comcast, says it will give 1,000 bonuses to more than 100,000 workers and spend more than 50 billion over the next five years in infrastructure boeing, 300 million in workforce training and facility enhancements for its employees both wells fargo and fifth third raising their minimum wages to 15. Fifth third also handing out bonuses to 15,000 workers. Kudlow a few moments ago on twitter said hes never se
A new Government Plus the u. S. Government reopens after a three day Shutdown Senate Democrats and the standoff after republicans promise to hold an immigration vote setting the stage for another partisan battle. Also ahead of the World Economic forum gets underway today our Senior Business correspondent is on. The forefront of this years forum but trump is also invited. Business will have live coverage throughout the day and all week from davos. And the threat level goes up in russia as hundreds of socalled Islamic State fighters head home from the conflict in syria and iraq t w reports from chechnya. Hello im terry Martin Thanks for joining us turkey has intensified its offensive all of breads against Kurdish Militias in Northern Syria the turkish army and syrian rebel fighters crossed into the turkish freen in Northern Syria on saturday. Is controlled by the Kurdish Militia which has been a key u. S. Ally in the fight against us but turkey sees the wife as a Terror Organization and