Of cracking the uk market. Live from London, This is business today. It This is business today. IS Packed. Im saLLy bundock. This is business today. Lets get going. We start with AL Chip maker nvidia. Its Record Rise to one of the worLds most vaLuabLe companies has wowed WaLL Street. Now, its breaking records again, but not in the way it wanted. On tuesday, nvidia Lost the most Stock Market VaLue in a day of any company in us history aS Part of a steep seLL off that Hit Tech shareS ParticuLarLy hard. Nvidia continued to faLL after hours as bLoomberg reported that it has received subpoenas from the Department Ofjustice, which is investigating whether it has been abusing its dominance of the market for AL Chips. Lets just show you the numbers because they are pretty staggering. ALmost 279 BiLLIon that was the amount wiped off the vaLue of nvidia over the course of the trading day. It adds to Losses Last week after the companys forecasts disappointed investors. Nvidia has been the corners
I could not agree more with president biden. Us steel should remain american owned and american operated. And i will always have the back of america s have the back of america s steelworkers. It is all at risk because of donald it is all at risk because of donald trump with a stroke of a pen he donald trump with a stroke of a pen he could get rid of all of this pen he could get rid of all of this and pen he could get rid of all of this and you think this guy gives this and you think this guy gives a this and you think this guy gives a damn about your pensions? he s not losing an instant pensions? he s not losing an instant of pensions? he s not losing an instant of sleep over it. Do you instant of sleep over it. Do you think instant of sleep over it. Do you think he cares about the work you think he cares about the work you you think he cares about the work you do every day how hard it is? work you do every day how hard it is?. , u,. ,. , it is? you can find out mo
That position mirrors that ofjoe biden, who said back in march that us Steel Corp should remain a domestically owned american firm. Us steel it should remain american owned and american operated. In other News Volkswagen is considering Closing Factories in germany to cut costs. Its an unprecedented move and sets up a showdown with powerful unions. The Auto Maker which employs around 680,000 staff is struggling with its passenger car brand. Profits are getting squeezed amid the transition to electric vehicles and a consumer spending slowdown. A four Day Conference to attract foreign investment to russia is about to begin in the countrys eastern most major city vladivostok. The eastern economic forum is into its ninth year. Last year, more than 40 Billion in new agreements were signed, with 7,000 delegates in attendance. The largest contingents came from china, India And Southeast asia. Professor 0ng Kian Ming from Taylors University spoke to us about the importance of The Forum. Russia
Violent the fiance of murdered journalist Jamal Khashoggi is suing the crown prince of saudi arabia a civil lawsuit was filed in the u. S. It accuses muhammad and sound man of ordering plus of jews killing he was murdered inside the saudi consulate in istanbul in 2080. I ask the United States government. And the nation that has to look for justice accountability and the right. I ask that you me and all those who love him out and see me looks courtyard and forwards to fully and co were did and dont do that its possible im flunked liable in a court of law. The u. S. Justice department has filed a competition lawsuit against google saying it may need to be broken up the claim alleges the tech company uses its market power to preserve a monopoly over Search Engines and then for ties in Hong Kong Airline Cathay Pacific is cutting the area a quarter of its workforce struggling to deal with the fallout of the coronavirus and demick almost 6000. 00 employees will be like go to the joy based in
Demonstrators the city is now on 24 hour lockdown while millions of people are under curfew across the country the u. S. Justice department has filed a competition lawsuit against google saying it may need to be broken up the claim alleges the tech company uses its market power to preserve a monopoly over Search Engines and advertising the company says the suit is deeply flawed the fiance of murder journalist jim outhustled jay is suing the Saudi Crown Prince the civil lawsuit was filed in the u. S. It accuses mohammed bin sound man of ordering close reduced killing he was murdered inside the saudi consulate in the stumble in 2018. I ask the United States government. And the nation that has to for justice accountability and human rights. I asked that you see me and all those who love him out and say we will support your affords to fully and cowher the truth and ensure that those responsible are fond liable in a court of law or Hong Kong Airline cafe pacific is cutting their quarter of