Are. Its been a big week for Central Banks well round up the weeks events with our Business Editor simonjack. Spending on halloween is expected to hit a record 9. 1bn in the us this year. Today we want to know is it scary how much people are spending . Just use the hashtag bbcbizlive. Hello and welcome to business live. Thursday was a huge day for Technology Company results. Four of the big global tech giants reported their latest earnings. Alphabet googles Parent Company, microsoft and twitter all posted their key numbers. But lets start with a look at amazon. The retailer reported revenues of almost 41 billion in the three months between july and september. Thats a jump of 34 over the same period last year. But profits were virtually unchanged since last year. Thats because this is often the quarter when amazon chooses to pile a bunch of money into its own projects like tech gadgets, streaming video and warehouses. The company has operated on this model for years and it seems to have
Us markets have their worst day since the president ial election as turmoil grips the white house. Plus alibaba goes west. Chinas 300 billion E Commerce Giant looks to america but can it take on its us rivals . Welcome to World Business report. Im sally bundock. Also in the programme, japans economy grows for the fifth quarter in a row has abenomics finally paid off . Well be live in tokyo for reaction. But first, we start on wall street where for months optimism about the trump presidency, the markets have been powering to record highs. But late on wednesday the trump bump turned into the trump slump as us stocks and the dollar suffered their worst day since before the election. The cause of the sell off . Growing concern that the president s promised tax cuts and pro business reforms may never materialise, as the white house battles one controversy after another. Lets show you the numbers. The Dow Jones Industrial average fell 372 points, and both the dow and s p 500 suffered their w
The fed raises Interest Rates and says it will start unwinding its 4. 5 trillion stimulus programme. But is the us economy really Out Of The Woods . Plus roam if you want to. The eu scraps extra mobile charges for travellers from today after a decade long battle. But will users end up footing the bill anyway . Welcome to World Business report. Im sally bundock. Also coming up the end of an era forjapan inc. Toshibas set to sell off its Chip Division as it battles for survival. We start in the us where the central bank, the Federal Reserve, has raised the cost of borrowing, as was widely expected. Its the second increase in three months, and comes despite some fairly mixed data on the health of the us economy. Lets show you the details. The fed has raised its main Interest Rate by 0. 25 . That takes its target range to between 1 1. 25 the highest it has been since before the 2008 financial crisis. And its set to go higher the fed is forecasting one more increase this year. It also annou
The dowjones scores 20,000 for the First Time Ever. Is this the trump effect . And why indias universities are banning some start ups from recruiting on their campuses. Good morning, asia. Hello, world. It is thursday. Glad you could join us. We kick off with wall street, where us stocks crossed a major milestone. The dowjones us stocks crossed a major milestone. The Dow Jones Industrial average finishing above 20,000 for the First Time Ever and you also have the broader s p 500 and the nasdaq also at Record Levels. This is how asian markets are reacting to the dow jones 20,000. The nikkei gaining 1. 3 and the all 0rds hired by 20 points. Basically mr trumps Senior Adviser was quick to comment on the news, tweeting that the landmark was down to the trump effect, but is it . Lets have a look. Earlier i asked our Business Adviser if it really is the trump effect. Earlier i asked our Business Adviser if it really is the trump effectm you look at stocks, especially the dowjones, we you loo
Wall street puts its doubts aside as the dowjones finally hits 20,000. Plus, tax wars. Can Brexit Britain and trumps us beat the likes of ireland at their own game and lure back the multinationals and their billions . Welcome to World Business report. Im sally bundock. We will be checking how markets are doing in asia injust a moment. We start in the us where President Trump has been provoking more controversy over his plans to wall off mexico. Meanwhile, traders at the New York Stock Exchange are cheering the trump effect. Heres what they have been celebrating the Dow Jones Industrial average of top us shares ended here, finally closing above 20,000 points For The First Time in its isi year history. Its a huge psychological milestone for traders, the dow has now risen some 9. 5 since the election in november, one of its biggest rallies on record. It got within one point of 20,000 back on january sixth before nerves caused the rally to fizzle out. But since President Trumps inauguratio