A warm welcome to the Programme Briefing you on all you need to know in global news, business and sport. Instagram is hiding likes on posts in seven countries to remove pressure on users. The aim is to help people concentrate on content rather than popularity. Is this a step forward for social media . Or will it undermine the popularity of the business itself . Let me know what you think. Get in touch on twitter using the hashtag bbcthebriefing. President trump says the us military has shot down an iranian drone in the strait of hormuz. He said staff on the uss boxer took defensive action as the drone came within 1,000 yards of a us navy ship. This, according to iran was the moment that it sees the panamanian flagged tanker. The circling speedboats were manned by members of the Iranian Revolutionary guard. Once on board, they say they found a million litres of fuel which they allege was being smuggled out of iran. Later, President Trump said the us military had shot down an iranian dro
Her tenure at the International Monetary fund began after predecessor Dominique Strauss kahn resigned in disgrace with guards views on monetary matters are orthodox in line with her peers among managers of Global Financial institutions with the rule proving exception of her belated concession that significant debt relief relief would be required for greeces economy to recover his lead guard has previously served in french ministerial posts for trade agriculture and finance while the guard does not inherit the media crises that challenge her predecessor mario draghi the next president will have to manage disunity and acrimony within the eurozone as well as the festering global trade disputes of the trump era as the guard has repeatedly warned of the risks of those those fights presents to the Global Economy but the risk of her show up a decline in global growth. Increased. And so did you a political. And disappointing long term Growth Prospect and you have an economy. With a pretty clea
Systemic the Securities Software vendor as it seeks just further expand into the more Profitable Software business broadcom forecasted earlier this year that china u. S. Trade tensions and threat of a ban on doing business with pa way when not 2000000000. 00 off of the companys sales this year currently 49 percent of its revenues come from china and this 4 way into software will help to diversify its business lines symantec comes with over 4000000000. 00 in Software Sales and would deliver high cash on cash returns for Broadcom Symantec is also cheap and ripe for the picking with the sudden departure of c. E. O. Richard hill on may 9th shares have slumped 33 percent last year on secular headwinds and this offer would be the lifeline for leaderless semantic analysts speculate that the deal could be done in the 26. 00 to 20. 00 per share range representing at 815 percent premium to todays close and value semantic at 16. 00 to 17300000000. 00 no deal has been finalized yet but semantics s
Joining us for the hour to break down the market action, keith bliss. Good afternoon to you. Thank you very much, wilf really good to be with you snapshot of today, why are we selling off . Number one, you have low volumes coming into july you usually have the spike in june on the weekly volumes were seeing that today. Listen, you got to say the news is really washing over the markets as it relates to boeing. The downgrade we had at apple, people are getting nervous about what fed chairman powell may say and may not do at the end of the month. I think thats why youre seeing a little selloff in combination with that is we did get overbought in the dow a couple weeks ago are traders talking about the fed and whether they may not cut at the end of the month . Youre certainly seeing that in the discussions that you have with traders and investors alike. Youre not seeing it reflected in the fed funds futures yet still an overwhelming majority of people think were going to get a 25basis poin
Ahead. And elon musks full interview with don lemon is out this morning. We will bring you the takeaways and why elon musk says he is ketamine prescription is in investors best interests. A Technical Glitch for the nasdaq. We are higher for technology stocks. We are up 1. 6 on the nasdaq and all eyes on a busy week for Central Banks. The fed and bank of japan, most of the world, Central Banks are giving us decisions today. We are seeing some strength in the u. S. Dollar ahead of that. Boj tomorrow. Move over to what is happening in the world of crypto and we are seeing perhaps some volatility, off about 1. 8 . We are well off some of the highs we saw early in the week. We will dig and more as to what is happening but more broadly why we have risen to such highs when it comes to bitcoin. Now lets get individual company stories. I am going to focus on this one, the most important story of the day when it comes to the future of ai. Alphabet shares soaring 6. 8 because there are some conve