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Transcripts For BBCNEWS Asia Business Report 20240706



on well established platforms such as facebook and instagram in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost cutting campaign that has so far resulted in 150,000 lay offs across the sector. for more on meta s results and what they say about the state of big tech let s bring in ray wang, founder of tech advisory firm, constellation research. yeah, they showed that the digital add is fine, yeah, they showed that the digitaladd is fine, and i think that s a really important piece. and what you mentioned earlier is important. advertisers are flocking to the big platforms. if you don t have the users and the eyeballs, they are not going to be there. they were able to keep their monthly active users still at 2.99 billion, almost at 3 billion intact, and they were able to drive sales up 3% and give guidance that was much higher in between the 29.5 billion to 32 billion range. and that is coming on the heels ....

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Transcripts For BBCNEWS World Business Report 20240706



the united states where inflation remains stubbornly high. it still a problem for the world s biggest economy and that s because in the last hour or so we ve had the latest number of key measure of the central banks follows closely which is the personal consumption expenditures. it excludes volatile food and energy prices. as you can see, pc came in at an annualised rate of 4.6% in march which will maintain the pressure on the fed to increase interest rates when it meets next week. let s pick up with our correspondent in new york. just give us a bit more, what does it tell us about the health of the economy in america? it says those price increases that americans have been facing for many months now continue. that inflation number is starting to come down but inflation is still running much higher than the federal reserve s ideal target of somewhere around 2%. what it also shows is that despite the measures the us federal reserve is taking to try and cool down the us ec ....

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Transcripts For BBCNEWS Asia Business Report 20240706



forecast that second quarter revenue would be above market expectations. this confirms the view that digital advertisers are betting on well established platforms such as facebook and instagram in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost cutting campaign that has so far resulted in 150,000 lay offs across the sector. earlier i spoke to the founder of the tech advisory firm constellation research and it told me that meta has managed told me that meta has managed to keep eyeballs on its platforms and advertisers know that. , , ., ., that. they showed the digital at winter is that. they showed the digital at winter is falling that. they showed the digital at winter is falling and - that. they showed the digital at winter is falling and that l at winter is falling and that is important piece. what you mentioned earlier was important, advertisers are flocking to the big platforms. if you don t hav ....

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Transcripts For BBCNEWS Asia Business Report 20240706



this confirms the view that digital advertisers are betting on well established platforms, such as facebook and instagram, in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost cutting campaign that has so far resulted in 150,000 lay offs across the sector. earlier i spoke with ray wang, the founder of the tech advisory firm constellation research and he told me that meta has managed to keep eyeballs on its platforms and advertisers know that. yeah, they showed the digital ad winter is thawing and that is a really important piece. what you mentioned earlier was important, advertisers are flocking to the big platforms. if you don t have the users and the eyeballs, they are not going to be there and what meta showed was that they were able to keep their monthly active users still at 2.99 billion, almost 3 billion, intact, and were able to drive sales up 3% and give a queue to guidance that was much higher be ....

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Transcripts For CSPAN House Session 20240622

Can know and share the fruits of your spirit, especially in this time, virtue of tolerance and reconciliation, of justice and righteousness. Watch over this house and cause your blessing to be upon each member that they might serve all the people in their home districts, those who voted for them and those who did not. May all that is done within the peoples house this day be for your greater honor and glory amen. That we all the speaker the chair has examined the journal of the last days proceedings and announces to the house his approval thereof. Pursuant to clause 1 of rule 1, the journal stands approved. For what purpose does the gentleman from arkansas rise . Mr. Speaker, pursuant to clause 1 of rule 1, i demand a vote on agreeing to the speakers approval of the journal. The speaker the question is on agreeing to the speakers approval of the journal. Those opposed, no. In the opinion of the chair, the ayes have it. The journal stands approved. The gentleman from arkansas. Mr. Womac ....

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