In focus with Russian Hackers targeting Companies Working on covid19 vaccine development. This after a massive twitter hack on the accounts of top lyrical and tech leaders. The attackers got access to internal controls. Michael chertoff told bloomberg earlier that twitter must ask itself two big questions. Are they adequately double checking the identity of the people posting on a regular basis . And also get to the bottom of how somebody on the inside was persuaded into turning over the keys to the kingdom. Facebook is also doing some soulsearching after the social net works latest diversity report showing the company is struggling to recruit black engineers. We are going to hear more on that with Maxine Williams. I spoke to her exclusively. She is reporting to sheryl sandberg. Meantime, cases of covid19 continue to rise. California reporting near record new cases and deaths. Florida, arizona, montana also seeing searches. Round ofgton the next stimulus relief could come as early as n
First to our top story, job numbers came out friday while overall payroll gains were up in july along with a rise in hourly earnings. That wasnt enough to keep stocks out of the red, the worst week of 2019. This as President Trump decided to ratchet up the trade war with china, announcing a slew of new tariffs for the start of september, and dont forget the fed cutting Interest Rates for the First Time Since 2008. A move chairman powell describes as a midcycle adjustment to keep the economy expanding. We have tom thibodeau, the ceo and our editor mike regan. Why were markets caught off guard by the president s escalation of the trade war, when really there has been no end in sight. If you look back to the g20 meeting last month, there seems to be, if not progress, at least 80 escalation of tensions. When we started the week, President Trump was tweeting on monday about china, criticizing them. At that point it didnt seem like he was ready to escalate things with fu catching people offg
The door. Doordash. Survey hear from the monkey ceo. First to our top story, job numbers came out friday while overall payroll gains were up in july along with a rise in hourly earnings. That wasnt enough to keep stocks out of the red, the worst week of 2019. This as President Trump decided to ratchet up the trade war with china, announcing a slew of new tariffs for the start of september, and dont forget the fed cutting Interest Rates for the First Time Since 2008. A move chairman powell describes as a midcycle adjustment to keep the economy expanding. , the ceoom thibodeau and our editor mike regan. Why were markets caught off guard by the president s escalation of the trade war, when really there has been no end in sight. G20f you look back to the meeting last month, there seems , if not progress, at least 80 escalation of tensions. When we started the week, President Trump was tweeting on monday about china, criticizing them. At that point it didnt seem like he was ready to escalat
In central europe. Particularly, Cyber Security stocks are doing well this morning. Sally. And following that cyber attack, today we want to hear from you have you been affected what changes are you making as a result . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to Business Live. Microsoft says a huge global cyber attack, which has hit more than 150 countries since friday, is a wake up call. A huge number of companies were targeted in the initial attack including spains telefonica, fed ex in the us, and germanys railway firm deutsche bahn. Europol says the attack hit 200,000 victims in more than 150 countries and warns more people and businesses could find they are infected this morning. The national Cyber Security centre urges companies to Keep Security Software patches up to date, use anti virus software, and to back up your data regularly. Nicole eagan is Chief Executive of Cyber Security firm darktrace, shes here in the studio. Good morning. Just tell us a litt