Little love for libra. And how amazon plans to take on its new highend echo speaker. We begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know about the amount of the fine, tell us more about any other Additional Details that will be coming along in the settlement . That is the key. Facebook had said i believed it was in april they set aside 3 billion for this very purpose and the fine could be up to 5 billion. This was something the company was prepared to handle. They also made 56 billion in revenue. The additional will be the details on whether or not any agreement includes something that could limit the Data Collect
Ft carmaker posts a profit rise of 11 in the quarter. Pimco out from a splash of total reach of record 27 billion in the month of october. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And weir just getting the eurozone composite pmi data come in at 52. 1 for the composite number. Thats 52. 0 in september. Were also looking out for the services number. And that is 52. 3 versus the forecast of 52. 4 in the month of october. So just shy of expectations, but not a huge move, obviously. And we also had a pretty big fall in the euro, didnt we, at the German Services pmi. Absolutely. So that fall youre seeing in the euro of 1. 2496, it is more off the back of the german october sales pmi. The flash number had been 54. 8 but it came in at 54. 4. That was a 22month low in the german number. Im going to bring in nicholas now who is managing director at spirit sovereign strategy. Nicholas, a little bit bad news from the eurozone, particularly from
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