Bonanza for Chatg Pt Maker openai it takes in new funding, making it one of the most valuable Start Ups in The World. Will he or wont he show up that is Elon Musk is due to testify to the us Markets Watchdog over his Twitter Buyout after a no show last month. Welcome to business today, im ben thompson. We start in the Middle East where, as weve been reporting, President Biden has said the us does not support an attack by israel on irans nuclear sites in response to tehran s missile strikes on israel on tuesday. The us president said the israelis had a right to respond to the attack, but they needed to do so proportionately. In the latest fighting, israel has bombed a building in central beirut. Oil prices have risen since wednesday over supply fears, with markets regaining ground as investors seemingly come to terms with the escalation. Lets have a quick look at the price of oil. This is the one to keep an eye on, Brent Crude up another 2 today taking it above 75 per barrel. For more o
Senior Investment Strategist at Edward Jones here in new york. Were seeing a dent in risk appetite. The market is grappling with a variety of worries tensions in the Middle East, a Port Strike and election uncertainty. Do you expect to see volatility . Are there any opportunities . Yes, it is great to be here, and we are moving nicely thus far this year and we are moving nicely thus farthis year in and we are moving nicely thus far this year in the snp 500, up far this year in the snp 500, up nearly 20 . As you noted, youre heading into a choppy October Period and facing mounting walls of worry in the market, including the upcoming election on November The 5th and the ongoing Port Strike on the Eastern Seaboard as well as growing escalations and tensions in the Middle East. We say investors in markets should prepare for bouts of volatility ahead of a 20 rally also, that is a natural next step in terms of what might happen in markets. We are probably due for a period of pull back, but w
In terms of iran and the risk to exports directly out of iran, thats about 1. 7, 1. 8 million barrelS Per day. And obviously those, the Export Facilities in iran, are those probably at greatest risk in the aftermath of what happened on tuesday night. But i think, you know, weve had a muted reaction, partly because markets are still focussed on a comparatively weak chinese economy and expectations that the Oil Market more broadly next year is looking like it may head into surplus. So, you know, very much mixed messages at the moment coming out of the crude market. Lets go straight to New York and get the latest from our correspondent there, ritika gupta. We saw there prior to starting to rise once again, particularly off the back of those comments by president biden. Explain what he said. We are seeing biden. Explain what he said. Are seeing Oil Prices spiking after the back of president biden s comments, saying they are considering the possibility of israel launching a counterattack on
With new listings falling far behind those in the us and the rest of europe. In particular there are measures to make it easierfor new companies to join the stock market. The City Minister says it would improve londons International Competitiveness im joined by clare cole, director of Market Oversight at the the financial conduct authority. Thank you for being with me, lets talk first about these changes. What a different what difference will be make in practice . A different what difference will be make in practice . A different what difference will be make in practice . Thank you for havin us be make in practice . Thank you for having us on be make in practice . Thank you for having us on. The be make in practice . Thank you for having us on. The proposals be make in practice . Thank you for having us on. The proposals are. Having us on. The proposals are designed to make it attractive to a diverse range of companies and to make sure london remains competitive, so the changes are abo
default. the president called the deal an important step forward while the white house and the house speaker, kevin mccarthy, said there will be historic reductions in spending. now on bbc news it s time for click. this week, how robots are helping the british army stay safe in hostile environments. it s not only about going into a building knowing that there s going to be enemy threat inside there. it s what else is in there as well. lara puts chatgpt through its paces. no time to stop between the super sets. although i do need to quickly look at my phone. we look at how ai is helping doctors diagnose neurological diseases, and we meet an inspiring sportswoman who s using tech to help her stay at the top of her game. i can put the glasses on and obviously watch training as normal, but as my coach is speaking, obviously i get live captions as well. rigorous training to hone modern soldier skills is essential, as at any time they can be thrown into the heart of a war zone or h