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
Seems to be reducing. But there are also concerns about the wider us economy that led to a wider sell off on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. The chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing production data shrank for a fifth month in august. The institute for supply management manufacturing gauge edged up to 47. 2. A reading below 50 indi
August meltdown, ending the session down 2 . This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The Nasdaq Index closed down by 3 , while the Dowjones Index slipped by 1. 5 . One of the biggest losers on the day was nvidia, The High Flying Artificial Intelligence darling, which raised more than 240 Billion in market value. The Chip Maker shares closed down over 9 . 0ther Semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing Production Data shrank for a fifth month in august. The institute for Supply Management Manufacturing gauge edged up to 47. 2. A reading below 50 indicates contraction. The data reignited concerns around slowing growth within the us economy, which helped drive a Sell Off early last month. The action comes ahead of us governments augustjobs report,
Displaced anger. Going to pay somewhere between 20 and 40 less than the other countries. Same exact that was directed toward the indictment. Predictably biden did steer clear of bidens legal troubles which took a marked turn to the worst today. Is he facing prison time Sweetheart Plea Deal actually collapsed. Is this all a smoke screen to hide the other crimes that involve others in the biden family . Joining me now is Sol Wisenberg former Deputy Independent Council and david schoen former trump impeachment lawyer. Okay, sol, i do kind of agree with what Vivek Ramaswamy we did thed out earlier that this seems a little bit like a smoke screen because is it bigger than the biden family, perhaps, being on the take with foreign governments and having our Foreign Policy affected by it . Probably not, but nevertheless real jail time a possibility, your reaction tonight . Real jail time is not much of a possibility, laura. Really in terms of weiss, is he dam damned if he does and damned if he
Hello and welcome to Business Live. Chinese president xijinping is in russia for talks with his counterpart Vladimir Putin today. Trade is set to be top of the agenda ahead of the 620 meeting of Global Leaders later this month. The visit will be xis sixth tour to russia since taking office in 2012. And their meetings seem to be bearing fruit according to china, trade between the two increased by over 26 in the first four months of the year, reaching nearly 25 billion. Cooperation is increasing too. Russia will be a key component of chinas belt and Road Initiative an ambitious multi trillion Dollar Project that will link europe and asia via the historic silk road. As part of the project and as a symbol of this close relationship beijing has even agreed to help finance a High Speed Rail Link within russia itself Linking Moscow to the city of kazan. Joining me now is dr yujie, head of china foresight, at lse ideas. Thank you for coming in to doctor us. Thank you for coming in to doctor us