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Transcripts For BBCNEWS Asia 20240705



stress test showed they have enough capital to weather a severe economic slump. they have more than $100 billion in assets each. the results are a vote of confidence for the financial sector after the collapse of the silicon valley bank earlier this year. elsewhere in the united states, presidentjoe biden has vowed to restore the american dream, in a speech promoted his so called bidenomics policy. michelle fleury reports from new york. michelle fleury reports from new york- michelle fleury reports from new york. , ., ., new york. joe biden went on the road to make new york. joe biden went on the road to make his new york. joe biden went on the road to make his pitch new york. joe biden went on the road to make his pitch to - road to make his pitch to sceptical americans. the president sceptical americans. the president outlined - sceptical americans. the president outlined his i sceptical americans. the president outlined his economic vision for the future, ....

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Transcripts For BBCNEWS Asia 20240705



a severe economic slump. the 23 banks tested at more than $100 billion in assets each. that results in a vote of confidence for the financial sector after the collapse of the silicon valley bank earlier this year. elsewhere in the us, president joe biden has vowed to restore the american dream in a speech promoting his so called bidenomics policy at a rally in chicago. he is courting voters ahead of the presidential re election bid next year. michelle fleury explains. joe biden went on the road to make his pitch to sceptical americans. the president outlined his economic asian for the future and laid out what his policies have delivered so far. ., , his policies have delivered so far. ., . ,, ., , far. today, the us has the hithest far. today, the us has the highest economic - far. today, the us has the highest economic growth i far. today, the us has the - highest economic growth rate, leading the world economies, since the pandemic. the highest in the world. find si ....

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Transcripts For BBCNEWS Asia 20240705



record more than a year ago. the dow and nasdaq also closing higher. i spoke to tribeca investment partners, who told me what s driving the rally. 2024 we re heading to a good start. certainly, the investor optimism has returned after the first couple of weeks of a little bit of weakness. investors have decided 2024 is going to be a year where interest rates will head lower locally and the economic activity will slow down but not as bad as feared previously, so all that combined, it s good to see the nasdaq pushing higher, led by big tech, and everybody else heading the right way. big tech we re hearing some good things, some lay offs as well? sure. i do think big tech is going through for 2024, certainly they ve had a great start, but i do think they will slow down somewhat because of the things you talk to. their earnings were slowed somewhat because costs are higher. i do think that the ai related sectors within the big tech will do betterjust because there s a ....

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Transcripts For BBCNEWS Asia 20240705



latest attack in the red sea, one of the world s most important trade routes. the head of the un s international maritime organisation has told the bbc these attacks are one of the biggest challenges the body has ever faced. my colleague spoke to the head of the body and asked what can be done to stop the attacks. it’s done to stop the attacks. it s one of the done to stop the attacks. it s one of the biggest challenges the imo has faced, in particularly in recent years. and the reality is that as you mentioned, shipping is a global sector. we. ..we transport over 80% of global trade, so any actions that are happening out there, that interrupt the trade, the global trade, will have a negative effect on you, on me, and everyone on the planet. we need to work very closely with all the stakeholders, with all the member state, the other agencies, the united nations in particular, in order to find practical solutions in a problem we don t want to escalate. problem we don ....

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Transcripts For BBCNEWS Asia 20240705



approve or endorse bitcoin. he said investors should remain cautious about the risks associated with bitcoin and says the currency is primarily a speculative asset. a false tweet was posted on the sec s official x account the day before, saying it was approved. the sec said its social media account was compromised and an investigation is ongoing. let s stay in the us and head over to las vegas where the consumer electronic show is now under way it is the biggest consumer tech show in the world. our north american technology reporterjames clayton has been trying out some of the latest products. there is a lot of weird tech at ces. take this hyundai prototype car that crab like moves sideways into parking spaces. or drone soccer, where the goal is to fly a drone through a doughnut shaped goal, which is harder than it looks. now, start using the left stick and start moving. 0h! as you can tell, it takes a bit of practice to fly. how would you rate that out of ten? th ....

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