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
on the women s side, elena rybakina, roared past shelby rogers. other winners included andy murray, who maintained his record of never losing in the wimbledon first round. here s chetan pathak with a round up of the best of the day s play. rain here washed out play for most of tuesday, certainly on these outside courts, but on the show courts, underneath those roofs, play was completed as scheduled, and that saw elena rybakina, the women s defendant champion, in the end survive a scare against america s shelby rogers. she has been having a virus and needed to come back from a set down to beat the american. with the band now listed on russian and belarusian players, aryna sabalenka east past in straight since. there was also a straight set win for last year positive eaten finalist. in the men s draw, carlos alcaraz of the men s draw, carlos alcaraz of the number one, looked supreme again, seeing offjeremy chardy in three. and any murray, now 36 and playing with that middle hi
jon heffernan, professor of semiconductor materials and devices at the university of sheffield and director of the national epitaxy facility, tells us more. it s part of a global battle to control the semiconductor industry, which has been undertaken by many countries. the 21st century is going to be a technological century and it is completely underpinned by semiconductors. you ve got semiconductors everywhere, from lighting to computer chips, yourfridge to your car. and the pace of innovation is accelerating and it is going to be more and more important. so each country around the world is actually considering very carefully what its strategy in this technological area is and what its economic strategy is, its security strategy is. and so this is just the latest example, particularly between china and the us, but there are other countries involved. some countries control different aspects of the semiconductor industry. some control the natural resources, the minerals and th