Two fatal accidents. European markets are open and they have opened up in positive territory. Its been another big week of global trade tensions and brexit worries, so well talk through it all with newsnights economics editor, ben chu. Quietly, ever so effectively, microsoft is winning the corporate cloud game. But in an age where brands like apple and google dominate, we want to know do you still use microsoft at home as well as work . Get in touch with us using the hashtag bbcbizlive. Hello and welcome to business live. We start with the only one tech giant that is valued at more than a trillion dollars. Its not amazon or apple, but microsoft. And it has just proved again why it is the worlds most valuable publicly traded company. Injust three months, this giant brought in almost 34 billion in revenue. About the same amount as the value of cypruss entire economy. And unlike a number of the tech giants, this company is actually making money. In fact, 13 billion of profits. How . Offic
For a 2nd consecutive night thousands of georgians have gathered outside parliament in the capital tbilisi to demand snap elections the visit of a russian lawmaker sparked violent clashes on thursday at least 240 people were injured when riot police fired rubber bullets and tear gas at protesters the unrest forced georgias parliamentary speaker to step down. Spains Supreme Court has overruled 2 lower courts and sentenced 5 men to 15 years in prison for raping an 18 year old woman the case had triggered an outcry last year after the lower courts convicted the men of the lesser crime of sexual abuse. Tens of thousands of students from across europe gathered in the german city of often to call on governments to take Border Action on the Climate Crisis organizer said it was the largest fridays for future rallies so far on thursday European Union leaders failed to agree on a plan to make the blocks economy carbon neutral. 2050. Pushes forward into the u. S. China trade standoff americas lar
From all three major indices, with the dow down 138, s p down 16, the nasdaq down 68. Do not count out iran, guys. Mounting tensions also sending ripples of worry through the markets as the rogue nation further breaches the limits set on its enrichment of uranium and continues to boast about breaking the terms of the nuclear deal. Our twoway starter, bob hormats, former Goldman Sachs vice chair, analyzes both of these situations, iran and what is Jerome Powell going to do, but more importantly, how do you make sure your money is safe . Plus a boeing customer decides to return the goods it just ordered. Retail, no longer playing the victim. Its ready to take on amazon and big tech, and the next move in the trump trade truce with china. Less than an hour on this monday morning. Hour to the closing bell. Lets start the very First Edition of the claman countdown. Liz we are just getting this breaking news. We just got the sketches from wealthy financier Jeffrey Epsteins Court Appearance to
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
Larry . And weighing in on the cryptocurrency. First, to our topsoil. A direct listing on thursday. Yet waiting to see what the Reference Price will be. The they find themselves in beyond meat camp with a sizzling debut or will it be more like a sizzle like uber and lyft . Product growth. It grew from half a million almost 6 million. New column out. Lets start with you. , youformer head of growth have a beloved product, but Revenue Growth is slowing down. Cannot be we accelerated . Accelerated . E slacker is really coming into the workforce. Emily you think that it could start to grow faster than it has . I cannot make predictions on how they will do, but i am excited about mistakes. Anywhere have heard from 16 to 20 billion. How does that compare . These young and fastgrowing companies are beating at what seems to historically rich valuation compared to their revenue. You mentioned the column that i wrote about this new stratosphere of multiples of revenue. Think we have seen it befor