alphabet and meta. and microsoft samsung and intel. the technology sector has been enjoyed rapid growth during the pandemic but now they are operating in a high interest rate environment. they have also been cost cutting measures. meta, for example, has had to announce that this month it will cut 10,000 more jobs and that is on top of the 11,000 that the company let go last november. danzig is a deputy chief investment officer at richard burnside advisors and he now says that he is not optimistic about technology stocks in the united states. i don t really see any reason to expect anything different from what we have seen both from these companies over the past couple of quarters but also from the companies we have only heard from his earnings season. i think what is clear is growth is slowing and this is hurting these companies notjust on the front of the profitability front of the profitability front which i think is front and centre for markets. we were talkin: and cent
and intel. they face now inflation fears as well as operating in a higher interest rate environment. they have also been cost cutting, putting cost cutting measures in. dancers are key is a debited dancers vicki says he is not optimistic about technology stocks in the united states. dan suzuki. i don t really see any reason to expect anything different from what we have seen both from these companies over the past couple of quarters but also from the companies we have only heard from his earnings season. i think what is clear is growth is slowing and this is hurting these companies notjust on the revenue front but the profitability front which i think is front and centre for markets. we were talking about meta layoffs and other big companies, also the collapse of the silicon valley bank. do you think that maybe this is finally, the pay might be over in the next quarter? the pain might be over. nothing i m seeing in the data is really suggesting that. again, wejust he
from consumer companies like microsoft, samsung and intel. the technology sector has enjoyed rapid growth during the pandemic but they now face inflation fears and are operating in a higher interest rate environment. there been higher cost saving measures going to place, for example meta announced it will cut 10,000 morejobs this month that s on top of 11,000 jobs that s on top of 11,000 jobs that go last november. the deputy chief investor at richard bernstein investors is not optimistic about the stocks in the us. i not optimistic about the stocks in the us. ., , ., , in the us. i don t see any reason in the us. i don t see any reason to in the us. i don t see any reason to suspect - in the us. i don t see any i reason to suspect anything different from what we have seen. both from these companies over the past few quarters but also from the companies we have heard from this earnings season. what s clear is that growth is slowing and that is hurting these companies, n
A third principle is judicial review. Here i would just remind the committee about the supreme courts decision in trump versus mazar. The court said about this committee that in fact it has to conduct the investigation for a legitimate purpose. A Fishing Expedition is not a legitimate purpose. Moreover, the court in the trump case it is not a legitimate purpose for the house or House Committee to be conducting the function of law enforcement. I heard many references here to criminal misbehavior, to whether or not somebody should be thrown in jail. Criticisms of a prosecutor, mr. Weiss. That sounds to me like an attempt to really substitute for the properly legitimate proceedings of the house. Two other safeguards real quickly. One is that these proceedings should be based on principle, not partisanship. I fear that what were hearing today, which can be traced back to 2019, and accusations made against mr. Biden are driven bipartisan animus more than principle. A final safeguard is for
Prices have been rocketing in china. Is that suddenly we should be concerned about . Rico hizon will make sense of that for you in a moment. But we start in seoul, where the trial of the century is getting started. The head of the biggest company, samsung, is on trialfor bribery. Samsung might be a household name, globally, but his bossis household name, globally, but his boss is not. So what we know about him . He is the boss of the company, jay y lee, but is known by south korean media as the crown prince of samsung. That is because he is the only son of the chairman, lee kun hee, who was convicted of bribery and tax evasion himself, but was pardoned. So jay y lee has been in charge since his father had a heart attack in 2014. He has been the de facto boss. So the lee family are phenomenally wealthy. You can see the figure behind me. Forbes magazine ranking them asias richest Family Last Yearfor Magazine ranking them asias richest family last year for the second year ina family last