Companies preparing for less than historic times. Cocacola and gm announcing thousands of job cuts. Isnwhile, capital one cutting borrowing limits on credit cards. This is coming just as stimulus money is running out and people need loans the most. Romaine interesting that they would take this action. The credit market dropped pretty dramatically prior to covid19. The number of credit card loans outstanding on a household basis dropped in the first quarter. It accelerated in the second quarter. That was the sharpest drop on record. I guess the question is what caused that. People were shopping and traveling less, but there is also a sense, and you see this in some of the data, that credit card lenders were tightening their standards. Interesting, this data on your screen only goes through the end of the second quarter. Talkede and we particularly this week of the Federal Reserve committed to keeping lower for longer. Come intohe drip feed the real economy . At the moment, we are seeing
Numbers are going to increase the cause its being blamed on a ship carrying fireworks that exploded while docked at the port there but theres a conflicting report now france 24. 00 had originally reported d about a missile attack were going to have Team Coverage on this story with reports for both israel and from beirut on this massive blast and as we get any other information obviously were going to share it with you right away thats going to be a big part of our coverage here but we here on this newscast have reported on and also kept you apprised of all the unprecedented moves by the u. S. Federal reserve during the economic crisis that was caused by the coded pandemic frankly even before that so we reported on how the fed was mysteriously lowering Interest Rates while we the American People were being told that the economy was strong. Wrong and there was no need for any artificial stimulation stimulation occurred anyway we reported when the fed began pouring tens of billions of dol
Chinese own ticktock pulls it out from hong kong can a social media sensation escape the crossfire as the rivalry between china and the us. Also on the show new developments in the facebook ad caught well talk to our from our new York Financial correspondent. And we follow the fortunes of a Migrant Worker in germany was caught up in the largest outbreak of covert 19 in the country so far. Hello and welcome to the show im Stephen Beardsley and this is your business update. Has moved its app from hong kong joining other Tech Companies that are seeking to protect users there from china strict new security law a social media sensation is owned by a Chinese Company and is now in the crosshairs of the u. S. Government secretary of state mike pump aoe even said tuesday that banning the app in the u. S. Is a possibility. While web users in Mainland China have to negotiate a powerful censorship system hong kongs internet is free and open until now anyway Google Facebook whats up telegram and tw
A personal level and i was unable to live there much im going to. Want to know their story to my great stirrer fighting country local information for margarets. Chinese own ticktock pulls it out from hong kong can a social media sensation escape the crossfire as the rivalry between china and the us. Also on the show and new developments in the facebook ad caught will talk to us from our new York Financial correspondent. And we follow the fortunes of a Migrant Worker in germany was caught up in the largest outbreak of covert 19 in the country so far. Hello and welcome to the show im Stephen Beardsley and this is your Business Update to talk has moved its app from hong kong joining other Tech Companies that are seeking to protect users there from china strict new security law a social media sensation is owned by a Chinese Company and is now in the crosshairs of the u. S. Government secretary of state mike pump aoe even said tuesday that banning the app in the u. S. Is a possibility. Whil
Isnt fit to be president anyway job also is my guest this week from washington how much damage trump broken bones to america and the rest of the. Conflict zone today from w. The. Chinese own tick tock thats out from hong kong but can a social media sensation escape the crossfire is the rivalry between china and the u. S. Also on the show new developments in the facebook ads boycott well talk to our from our new York Financial correspondent. And we follow the fortunes of a Migrant Worker in germany was caught up in the largest outbreak of coppa 19 in the country so far. Along. Welcome to the show im Stephen Beardsley and this is your Business Update ticktock has moved its app from hong kong joining other Tech Companies that are seeking to protect users there from china strict new security law a social media sensation is owned by a Chinese Company and is now in the crosshairs of the u. S. Government secretary of state mike pump a. O. Even said tuesday that banning the app in the u. S. Is