Live from new york, at the opening bell, this is business today. Traders tread water on wednesday. Cranking up the voltage on trade tensions. Canada slaps hefty import taxes on electric cars made in china older, wiser, and ready to spend. How businesses are finding a Silver Lining in indias ageing population. Welcome to business today, im Michelle Fleury live from new york. Us markets slip at the open after the record close. More on that any moment. Lets turn our attention to markets, the dow is down two tenths of a percent right now, after the wreck a close yesterday. The snp and nasdaq have not fared so well. Traders are turning away from the Technology Stocks right now. For more on this is the chief market strategist, great to see it this morning. Are you surprised this rally is stalling . What should we read from the dow slipping back slightly . Read from the dow slipping back sliuhtl . ,. , slightly . Good morning, i dont think they slightly . Good morning, i dont think they can
Lets start in the us where the facebook founder and Chief Executive of meta, Mark Zuckerberg, has criticised the Biden Administration for what he described as censorship during the covid 19 pandemic. In a letter written to a congressional committee, zuckerberg said that meta, which also owns instagram and whatsapp, was pressured into censoring content about covid, including humour and satire. He said he regretted not speaking about the pressure earlier and that he would not make the same decisions to comply if it happened again. Ritika gupta is in ny for us. Whys Mark Zuckerberg speaking out about this . There speaking out about this . Is a growing debate abou far there is a growing debate about how far a social Media Companies should go in being able to police comments, images and content by their users. Some platforms believe they should be more hats are hands off, were some governments say having an overly laissez faire attitude could lead to crime. Mark zuckerberg has come out and
Good afternoon, and welcome to the bbc news at one. The Prime Minister says the governments first budget in october will be painful. Sir keir starmer was speaking in the rose garden at Downing Street ahead of parliaments return next week. He said labour had inherited an economic and societal black hole, but the conservatives called the Speech A Distraction from the promises he had no intention of keeping. Our Political Correspondent Hannah Miller reports. On Hannah Miller reports. A Beautiful Day in the down street on a Beautiful Day in the Downing Street garden, the Prime Ministers message was not so sunny. Looking ahead to the autumn and signalling unpopular announcements to come. There is a budget coming in october. It is going to be painful. We have no other choice, given the situation we are in. Those with the broadest shoulders should bear the heavy a burden. I will have to turn to the country and make big asks of you as well. He country and make big asks of you as well. ,. ,. ,.
The Prime Minister has warned that the budget this october will be painful, in his first major speech from no 10 since becoming Prime Minister. Speaking in the rose garden, he said his government had inherited a black hole in the public finances, of £22 billion. Those with the broadest shoulders should bear the heaviest burden, he cautioned, but he also said there would be big asks of everyone. The conservatives responded by saying the speech was an indication that labour had been planning tax rises all along. Vicki young has our top story. Blue skies and sunshine, but the Prime Minister didnt come here to paint a rosy picture. He has accused the conservatives of wrecking the economy, leaving him to put it right. There is a budget coming in october. And it is going to be painful. We have no other choice, given the situation that we are in. Those with the broadest shoulders should bear the heavier burden. I will have to turn to the country, and make big asks of you as well. Its already