We start in the us, where shares of meta, hello. If you are justjoining us, you are in time with the top business stories. We start in the us, where shares of meta, the owner of facebook, instagram and whatsapp plunged in after hours trading after its forecasts disappointed wall street. Investors are concerned the huge amount meta is spending on Artificial Intelligence may not translate into higher profits. Lets show you the details. When it comes to how much money meta is making, profits came in at 12 point 4 billion in the first three months of the year. Thats more than double the amount it made this time last year, and better than expected. But heres one of the numbers worrying investors, meta expects its costs to rise to almost 100 billion this year, as it invests heavily in al and virtual reality. Coupled with a forecast that revenues will barely grow in the Current Quarter that sent shares plunging some 13 in after hours trading. Wiping as much as 160 billion off its stock market
1$149 billion and a reluctance o reform have made it harder for the bank to compete in the expensive sector. deutsch bank said the job reductions would be made by 2022. did not provide a geographic breakdown. he has evaded similar charges in the past but billionaire jeffrey epstein is facing new charges of alleged sex crimes involving minors. just because i felt like it was so oily and greasy and that it was going to clog my pores. but what i love about olay regenerist whip with spf 25 is that it s lightweight, it s barely there. and then i can put makeup on over it if i want or if i m not working, you know, just roll. it s perfect for me. i m busy philipps, and i m fearless to face anything.
Our borders every day making canada and mexico our largest exporters by far. in 2016 they totaled one third of u.s. exports. the amount of goods and services exported to both countries tripled since nafta s signing from $149 billion in 1993 to $582 billion in 2016. things like groceries, cars, and fuel. at the same time, u.s. imports from both countries things like electronics, livestock, and machinery, have also gone up. and much of the merchandise that comes in contains parts or materials that are sourced in the u.s. the wilson center, a non-partisan think tank in washington, offers this illustration of what we are talking about. mexican oil comes into louisiana where it gets refined into a raw plastic. that plastic is then shipped to a factory in the midwest where it gets molded into a part in a car dashboard which is then sent back to mexico to be installed
Of transaction. but let s look at fixed costs paul: go a ahead. fixed costs per parcel or per piece are going up. ten years ago they shipped 21 212 billion pieces, this year it s 149 billion. fixed cost per is definitely going up. paul: let s turn to facebook. last time we talked about this you were saying all of the uproar over facebook and the privacy breach was a buying opportunity. now there s been another greater data breach disclosed and mark zuckerberg is going to congress next week. do you still think that facebook is going to is a buy? you know, what i m saying is that their problems show up everywhere but their results. the usage seems to be steady and rising. the long-term concern is that they run out of users. but near term it s the frenzy
But let s look at fixed costs paul: go a ahead. fixed costs per parcel or per piece are going up. ten years ago they shipped 21 212 billion pieces, this year it s 149 billion. fixed cost per is definitely going up. paul: let s turn to facebook. last time we talked about this you were saying all of the uproar over facebook and the privacy breach was a buying opportunity. now there s been another greater data breach disclosed and mark zuckerberg is going to congress next week. do you still think that facebook is going to is a buy? you know, what i m saying is that their problems show up everywhere but their results. the usage seems to be steady and rising. the long-term concern is that they run out of users. but near term it s the frenzy about people worried about their