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Transcripts For BBCNEWS Business Today 20240903

Billion deal, rebranding it x, he signalled there would be fewer restrictions on what people could post. He calls himself a Free Speech absolutist. As he told the bbc James Clayton last year. Free speech is meaningless unless you allow people you dont like say things you dont like, otherwise it is a relevant. The point that we lose Free Speech it doesnt come back. Lose freespeech it doesnt come back. Campaigns and ngos that have lost their s come back. Since then the platform come back. Since then the platform and come back. Since then the platform and its come back. Since then the platform and its owner come back. Since then the I Platform and its owner have come back. Since then the platform come back. Since then the platform and come back. Since then the platform and its come back. Since then the platform and its owner come back. Since then the I Platform and its owner have faced constant controversy. Faced constant controversy. IndividualS Banned from Twitter Platform and its owner

Transcripts For BBCNEWS Business Today 20240903

We start with Elon Musk and the social Media Platform he controls, x, formerly known as twitter. Its facing the loss of one of its largest markets over a row about Hate Speech and disinformation. Brazils Telecoms Regulator Suspended Access to ex for the countrys 200 plus million people over the weekend after a ruling by a seniorjudge. Today a panel of brazils supreme court will begin hearing on whether to uphold that ruling. Earlier i spoke to the Technologyjournalist Chris Stokel walker and began by asking him how significant the Shut Down was in brazil. Pretty significant because of the scale of the country and therefore the scale of the use. We have third party estimates, between 20 Million and a0 million brazilians are believed to use x every month. Around about one third have it installed on their phones which means that this is a relatively big market and has been not just for x but lots of other Tech Platforms which is why they try to keep them onside. If you are a Tech Executiv

Transcripts For BBCNEWS Business Today 20240903

That ruling has been upheld. Lets get the latest now from our reporter in brasilia, leandro prazeres. In terms of what this means for brazilians, how are people reacting to this lack of access To X . ~. ,. , To X . Well, what we have seen so far since To X . Well, what we have seen so far since the To X . Well, what we have seen so far since the beginning To X . Well, what we have seen so far since the beginning of i so far since the beginning of last weekend is that there is a huge number of brazilians, Former X users, who have been migrating to other Social Networks such as blue sky, threads, and people reactivating accounts on facebook to talk about the issues that they were talking about on x. Yesterday, for example, it was reported that bluesky had gained more thani million new brazilian users in just three days. For those who are still trying to use x as a platform, they can use virtual private networks but the problem is that there is a fine imposed by the Supreme Court in brazi

Transcripts For BBCNEWS Business Today 20240902

Below 50, then it s going to continue to grow within the end of the year. Continue to grow within the end of the year of the year. Let s turn our attention of the year. Let s turn our attention to of the year. Let s turn our attention to us, of the year. Let s turn our attention to us, the of the year. Let s turn our attention to us, the jobsl attention to us, thejobs data, that s out this friday. Will that s out this friday. Will that have any impact on what the fed decides to do. We know they re meeting in the next few weeks. , ,~ weeks. The highest risk economic weeks. The highest risk economic event so weeks. The highest risk economic event so far. | weeks. The highest risk economic event so far. Because what we have seen so far, august was unprecedented for some global markets and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that there is rocks are falling and the

Transcripts For BBCNEWS Business Today 20240902

Let s turn our attention to us as well and talk about the us jobs data, that s out this friday. Will that have any impact on what the fed decides to do? we know they re meeting in a few weeks. We are looking at potentially the highest risk economic event of the year so far. Because what we have seen so far, august was unprecedented for some global markets volatility and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that those rocks are falling and the momentum is falling with it. We do expect the fed, the us central bank, to cut interest rate this month but what s concerning is that fed policy makers have had a poker face of not giving too much away until recently. We had a weak economic data release for the monthly jobs report in august and we have also seen a data revision where up to 850,000 jobs were potentially overestimated between april of last year and march of this yea

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