Caroline bitcoin hits a fresh record since its peak in november 2021. We will have coverage of the market and those meme coins in the rush. Lets first check in on these markets. Bitcoin is up, but the rest of the market trying to digest some of the runup we have seen. We focus in on mixed Economic Data today. The u. S. Showing some Services Weakness and we look ahead to testimony from jay powell, his semiannual experience in terms of the politicians. What will the grilling mean . How much will he be reticent to say that they are looking at those rate cuts anytime soon . We are looking at 1. 8 down. I want to focus on what is happening in china, the tradenames in the United States with a Golden Dragon index, off by 1 as we see a Growth Perspective coming from china. How will they get there . That ultimately what is the debt they are going to be fueling in terms of the focus on a i, on technology coming from china . Not enough to buoy the stocks and chinese names. Looking at the 10year y
Negotiations and look at where the new government goes from here with our Business Editor, simonjack. We usually ask you a twitter question, but today the founder of amazon has one for you what should he do with all his money . Jeff bezos has posted a request for ideas from The Public For Philanthropy Inspiration what advice would you give . Just use the hashtag bbcbizlive. Good to have you with us on Business Live. We start in greece, which has edged back from the brink of financial collapse once again. Late on thursday after months of wrangling European Finance ministers, together with the International Monetary fund, finally agreed to give athens its latest slice of bailout money. And theres a hint it could get some relief from its crippling Debt Mountain next year. Lets show you the details. Greece will finally get this 8. 5 billion euros part of an 86 Billion Euro bailout plan agreed in 2015. It is the third it has had. It will come just in time, as greece faces 7. 3 billion euros
Were in upstate new york. I work in under served capital regions of the United States we need desperately more capital to support the entrepreneurs and the innovative ideas that are coming out of places that are outside of new york city, Silicon Valley and boston and we really appreciate the opportunity or i really appreciate the opportunity to have my voice heard today to talk about those things and just want to encourage the administration, anything that you do for Venture Capital will pay off huge dividends because we are the net new job creators in this country and have been for more than three decades. All net new job growth created in the United States is because of investment by Venture Capital. Thank you great job youve done. Good morning, mr. President and mr. Vice president my name is George Matthew im ceo of cespery were an industrial drone manufacturer made in the United States i look forward to showing you how Industrial Work is more easily accomplished with use of a drone
Exciting new technology that you pioneered that will help improve so many millions of lives. I thank my office of science and technology and this has been a great office. They have done such incredible work for organizing todays event and bringing these wonderful Business Leaders and they are at the top, together, to talk about the importance of emerging technologies. I thank secretary ross for joining us together. And we just got back from iowa last night, big speech in iowa that was an Amazing Group of people. Those people were excited as most people saw it. They were excited. Wilbur has done a fantastic job. And i thank you very much. Wilbur, as jeff, wilbur is just known on wall street and dont call him wilbur ross and say wilburs involved. Mr. Vice president , thank you very much for being here. We have had some busy schedules and we have a thing called health care that you may here is on the outside as we discuss. And i think its going to come out that obamacare is dead. Totally
Assigned to the mall. The. Reporter once again, that protocol has been in place since the shootings in paris. We want to emphasize that on a busy night of shopping, this mall is now open to shoppers. As you mentioned, there was an off duty Deputy Inspector from the Fugitive Enforcement division from the nypd. He helped take down the suspect. He was just at the mall christmas shopping. Live in garden city, stacey sager, channel 7 Eyewitness News. Thank you. Now to the weather and the potentially record breaking warmth. We could hit 70 or higher for Christmas Eve. Before we get there, all the warm weather could wreak havoc on a holiday get way in the form of fog and heavy rain as well. Meteorologist lee goldberg it is tracking it all. On the first full night of winter, dress spring. 20 degrees above average. Pretty shot of midtown. You can see the low cloudiness. It hasnt lowered to the point where visibilities are way that will happen tonight into tomorrow morning. We are in the low 60s