Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
A foreign power is preparing to attack. It comes after the expiry of a sunday deadline from west African Regional bloc ecowas, which demanded the coup be reversed. The group now plans to hold an Emergency Summit on thursday. Meanwhile, the United States is suspending more than 100 million in aid to niger. But officials insist theres still time to solve the crisis. The window of opportunity is definitely still open. We believe that they should step aside and allow president Mohamed Bazoum to resume his duties, today, tomorrow, anytime in the nearfuture. They dont want to put a time when that window be close, would you say that using diplomacy to achieve this objective is our top priority with respect to niger. Our correspondent chris ewokor following the story from neighbouring nigeria. It is one day after the expiration of the ultimatum given to niger coup leaders by ecowas to reinstate president Mohamed Bazoum. The leaders are due to meet on thursday this week to deliberate on the pro
You represent and upgraded in four years, upgraded infouryears, and thatis upgraded infouryears, and that is the key to how the apple growth story plays out stop plays out. Plays out. Interestingly, the other plays out. Interestingly, the other servers plays out. Interestingly, the other servers went plays out. Interestingly, the other servers went up | plays out. Interestingly, i the other servers went up also what are the other services . 0verall Services Continue to be strong, a key part of apple plasma growth story, and really thatis plasma growth story, and really that is something they are building out further and further. Youre going to also have, going into this next year, cloud, ithink have, going into this next year, cloud, i think app store. If you look at that, that continues to uptick. That has been a big part of what i call the re rating of apple stock. I want to ask you about apples plan for artificial intelligence, because the company has said it wanted to grade its own
Revenue stream is to the company as a whole. Even as it is seeing these inconsistencies and spells of up and down in the shipments of its hardware like iphone, ipad and mac product lines, what we see is a really consistent Revenue Stream that just really consistent Revenue Stream thatjust becomes more and more important. As the people using Apple Hardware continues to grow it will only become stronger. Only become stronger. Talking of arowth, i only become stronger. Talking of growth, i wanted only become stronger. Talking of growth, i wanted to only become stronger. Talking of growth, i wanted to ask only become stronger. Talking of growth, i wanted to ask you only become stronger. Talking of growth, i wanted to ask you in i growth, i wanted to ask you in particular about china and india. Lets start with india, the big boss was there recently earlier this year and they are open to the stars there, huge market, 1. 4 billion people, how did india perform . Yes. A le were people, how did
Speaking before squeezed by massive bills, there is still Spending Power out there. A lot of our customers are probably a bit older, so we dont feel the mortgage rate, although it creates uncertainty for them and that does and we do notice when there is a rate rise, everyone gets a bitjittery. Does it feel like we are getting green shoots . I dont feel that there is green shoots, no, no. I dont feel that there is green shoots, no, no. I feel we are in a holding pattern. It could go either way. Today, the Bank Of England said the tough medicine was beginning to work. Less tha n less than two years they have over 14 steps raised Interest Rates to the highest level in 15 years in an attempt to drain Spending Powerfrom the Spending Power from the economy. The period of near zero Interest Rates now consigned to history with the bank warning that rates could remain at this level for some time. If you asked the question, yes, and when are rates going to come down . My answer is we are going t