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May 10, 2024
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michelle fleury in new york. today marks the end of the chinese leader's first tour of europe in five years. xijinping visited france, serbia and hungary and says he wants to improve relations with europe. but tensions over trade and his stance on russia's war in ukraine still persist. live now to zsuzsanna vague, from the european council on foreign relations. thank you forjoining us. we'll xi jinping see this tour as a success? are you hearing me? seam jinping see this tour as a success? are you hearing me?— jinping see this tour as a success? are you hearing me? am i speaking? you are live — are you hearing me? am i speaking? you are live on _ are you hearing me? am i speaking? you are live on air. _ are you hearing me? am i speaking? you are live on air. hello, _ are you hearing me? am i speaking? you are live on air. hello, i'm - you are live on air. hello, i'm sor . you are live on air. hello, i'm sorry- i _ you are live on air. hello, i'm sorry- i will — you are live on air. hello, i'm sorry. i will
michelle fleury in new york. today marks the end of the chinese leader's first tour of europe in five years. xijinping visited france, serbia and hungary and says he wants to improve relations with europe. but tensions over trade and his stance on russia's war in ukraine still persist. live now to zsuzsanna vague, from the european council on foreign relations. thank you forjoining us. we'll xi jinping see this tour as a success? are you hearing me? seam jinping see this tour as a success? are...
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May 7, 2024
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from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority, has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when, in fact, they hadn't. now, the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding, where the wings join the main body of the plane, on certain 787 dreamliner aircraft. bonding and grounding is vital on a plane because it prevents static build up. think of it as electrical safeguards. boeing credited a south carolina worker who saw something they felt was wrong on the production line and came forward and reported it. cutting corners at work is something that many of us may have been guilty of at various times in our lives. but given the frequency with which quality control issues keep coming up at boeing, the airline has a long way to go to regain the trust of the flying public, its customers, the airlin
from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority, has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when, in fact, they hadn't. now, the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding, where the wings join the main...
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May 10, 2024
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for more on why it has sparked such a backlash, here's the bbc�*s michelle fleury. the ad has only been out a couple of days, butjudging by the reaction online, it hit a nerve. in the spot, objects ranging from a trumpet, a piano to a turntable, a sculpted bust and lots and lots of paint are all shown being squashed by an enormous metal rubbish compactor into the size of apple's thinnest product ever, the 13 inch ipad pro. now, critics say the add celebrates the stifling of creativity rather than encouraging it. even british actor hugh grant weighed in on the social media platform x, labelling it the destruction of the human experience, courtesy of silicon valley. actor and film—maker justine bateman, a vocal critic of the use of ai in the film industry, said apple's ad was crushing the arts, while songwriter crispin hunt called the act of destroying musical instruments evocative of burning books. the criticism is particularly pointed because of concerns, especially in creative industries, about artificial intelligence taking peoples jobs. now, it's a rare misstep
for more on why it has sparked such a backlash, here's the bbc�*s michelle fleury. the ad has only been out a couple of days, butjudging by the reaction online, it hit a nerve. in the spot, objects ranging from a trumpet, a piano to a turntable, a sculpted bust and lots and lots of paint are all shown being squashed by an enormous metal rubbish compactor into the size of apple's thinnest product ever, the 13 inch ipad pro. now, critics say the add celebrates the stifling of creativity rather...
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May 7, 2024
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from new york, michelle fleury has more. tiktok is hugely popular in america. 170 million people use the platform to communicate. lawmakers aren't so keen. congress and the biden administration believe the app and its chinese owners bytedance could be a danger to national security. the argument goes that beijing could commandeer it to surveil and manipulate americans. so they've given the company until the day before the next us president takes office — on the 20th of january — to sell or face a ban here in the united states. tiktok, well, it's fighting back, challenging the constitutionality of the new law, arguing in its legalfiling, for the first time in history, congress has enacted a law that subjects a single named speech platform to a permanent nationwide ban. the company also says that it's not possible legally, technically or commercially to divest within that time frame. part of the challenge is that with a billion users worldwide, a lot of its content is actually available across borders, making it all harder
from new york, michelle fleury has more. tiktok is hugely popular in america. 170 million people use the platform to communicate. lawmakers aren't so keen. congress and the biden administration believe the app and its chinese owners bytedance could be a danger to national security. the argument goes that beijing could commandeer it to surveil and manipulate americans. so they've given the company until the day before the next us president takes office — on the 20th of january — to sell or...
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May 1, 2024
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north america business correspondent michelle fleury explains. sam bankman—fried isn't the only poster boy for crib go facing a reckoning. his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count of violating the bank's secrecy act, resolving a multi— investigation by the us government into the well�*s largest cryptocurrency exchange, binance. as part of that agreement he also stepped down as ceo. the founder apologised to the court in seattle, saying his company had now put in place anti— money laundering controls. it was watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the three years prosecutors were demanding and less than the 12-18 were demanding and less than the 12—18 months recommended underfederal the 12—18 months recommended under federal guidelines. the 12—18 months recommended underfederal guidelines. once under federal guidelines. once considered the underfederal guidelin
north america business correspondent michelle fleury explains. sam bankman—fried isn't the only poster boy for crib go facing a reckoning. his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count of violating the bank's secrecy act, resolving a multi— investigation by the us government into the well�*s largest cryptocurrency exchange, binance. as part of that agreement he also stepped down as ceo. the...
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May 21, 2024
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our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you viewed on the pc in the past. there's also a live translation of 44 languages into english, and something for creative teams — for example, in microsoft paint, it draws an image based on your sketch. these are all powered with new ai chips to deliver longer battery life, and all this matters because today, most ai software runs in the cloud, which uses a lot of energy. being able to work on the device thanks to more processing power, that not only improves the data security, it's also more climate friendly. microsoft is hoping its new ai checks will help kick—start a new era of pc sales. sticking with al — a global summit on artificial intelligence kicks off in south korea's capital of seoul on tuesday, focusing largely on al safety. this follows an inaugural m
our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you viewed on the pc in the past. there's also a live translation of 44 languages into english, and something for creative teams — for example, in microsoft paint, it draws an image based on your...
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May 1, 2024
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the bbc�*s north america business correspondent michelle fleury has all the details. sam bankman—fried isn't the only poster boy for crypto wrongdoing facing a legal reckoning. his rivalformer ceo of binance changpeng zhao was ordered to spend four months in prison forfailures ordered to spend four months in prison for failures allowed cyber criminals and terrorists groups to trade on the world's largest crypto exchange. he pleaded guilty to one count of violating the bank secrecy act in november, and resulting in a multi—year investigation by the us government into the world's largest cryptocurrency exchange binance. as part of the agreement, he stepped down as ceo and apologised to the court in seattle saying his company had now put in place anti—money laundering controls and was watched by his mother and sister who were in court as he learned his fate. the sentence was considerably shorter than the three years prosecutors were demanding and less than 12 to 18 months recommended under federal guidelines. once considered the most powerful person in the crypto i
the bbc�*s north america business correspondent michelle fleury has all the details. sam bankman—fried isn't the only poster boy for crypto wrongdoing facing a legal reckoning. his rivalformer ceo of binance changpeng zhao was ordered to spend four months in prison forfailures ordered to spend four months in prison for failures allowed cyber criminals and terrorists groups to trade on the world's largest crypto exchange. he pleaded guilty to one count of violating the bank secrecy act in...
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May 1, 2024
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bbc�*s north america business correspondent michelle fleury has the details. stubborn inflation pushes back the timing of the first cut, the timing of the first cut, the weather reserve funds to keep its benchmark in a 23 year high on wednesday. the more certainty that inflation is under control before the lower borrowing costs. they do not have that yet. here is powell during his press conference stop build be made considerable progress towards our objectives.— progress towards our objectives. progress towards our ob'ectives. ., ., ~ objectives. the labour market has remained _ objectives. the labour market has remained strong. - objectives. the labour market has remained strong. and - objectives. the labour market| has remained strong. and that is very good news. but inflation is still too high and further progress in bringing it down is not assured and the path is uncertain. we are fully committed to returning inflation toward 2% goal. in committed to returning inflation toward 2% goal. in an increase inflation toward 296 goal. in an increase in _ inflati
bbc�*s north america business correspondent michelle fleury has the details. stubborn inflation pushes back the timing of the first cut, the timing of the first cut, the weather reserve funds to keep its benchmark in a 23 year high on wednesday. the more certainty that inflation is under control before the lower borrowing costs. they do not have that yet. here is powell during his press conference stop build be made considerable progress towards our objectives.— progress towards our...
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May 2, 2024
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bbc�*s north america business correspondent michelle fleury has the details. stubborn inflation pushes back the timing of the first rate cut. the us federal reserve voted to keep its benchmark lending rate at a 23—year high on wednesday. officials have said they want more certainty that inflation is under control before they lower borrowing costs. they don't have that yet. here is chair, jerome powell, during his press conference. the economy has made considerable progress toward our dual mandate objectives. inflation has eased substantially over the past year, while the labour market has remained strong. and that is very good news. but inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. we are fully committed to returning inflation to our 2% goal. while the prices of many goods have fallen, from cars to furniture, an increase in housing and petrol prices have contributed to a recent rise in consumer inflation. with progress on inflation taking longer than expected, hopes for lower rates have di
bbc�*s north america business correspondent michelle fleury has the details. stubborn inflation pushes back the timing of the first rate cut. the us federal reserve voted to keep its benchmark lending rate at a 23—year high on wednesday. officials have said they want more certainty that inflation is under control before they lower borrowing costs. they don't have that yet. here is chair, jerome powell, during his press conference. the economy has made considerable progress toward our dual...
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May 7, 2024
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michelle fleury in new york is taking a closer look at this for us. this is quite a turnaround, delivering the profit much earlier than expected?— delivering the profit much earlier than expected? yes, it was a huge surrise, than expected? yes, it was a huge surprise. disney — than expected? yes, it was a huge surprise, disney has _ than expected? yes, it was a huge surprise, disney has been - than expected? yes, it was a huge surprise, disney has been trying i than expected? yes, it was a huge i surprise, disney has been trying to adapt as people ditch cable tv and switch to streaming services and they promised wall street that its streaming business would become profitable by september and here we are, ahead of schedule, because since disney plus launched in 2019 to compete with netflix it had been losing money, but now for the first time disney plus and hulu have turned a profit and executives say the full rate streaming portfolio is on track to become profitable later this year, so you think that would become great news, but if you look at the
michelle fleury in new york is taking a closer look at this for us. this is quite a turnaround, delivering the profit much earlier than expected?— delivering the profit much earlier than expected? yes, it was a huge surrise, than expected? yes, it was a huge surprise. disney — than expected? yes, it was a huge surprise, disney has _ than expected? yes, it was a huge surprise, disney has been - than expected? yes, it was a huge surprise, disney has been trying i than expected? yes, it was a...
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May 22, 2024
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michelle fleury has more on the stellar report card. the number of times that al has been mentioned on earnings called this quarter is up sharply on the previous one, which helps explain why investors are so obsessed with nvidia's earnings. it's seen as a bellwetherfor ai, the chip giant's latest results show that demand is off the charts. nvidia reported a net income of $14.9 billion. with that another way, the company is making around $6.8 million in profit every hour. as for its revenue for the last few months, he came in at $26 billion — up a whopping 662% on the previous year. founder and ceo said the next industrial revolution has begun. the business was once billed on chips taylor to gaming consoles has been transformed by demand from data centres, which are the heart of the generated ai boom. they said it share price on the stock, of 97% this year alone. we heard more analysis on those results with marc einstein, chief analyst, telecommunications and digital services at itr corp. i asked him if you think the momentum is curren
michelle fleury has more on the stellar report card. the number of times that al has been mentioned on earnings called this quarter is up sharply on the previous one, which helps explain why investors are so obsessed with nvidia's earnings. it's seen as a bellwetherfor ai, the chip giant's latest results show that demand is off the charts. nvidia reported a net income of $14.9 billion. with that another way, the company is making around $6.8 million in profit every hour. as for its revenue for...
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May 10, 2024
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fleury. the ad has only been out a couple of days butjudging by the reaction online, it's hit a nerve. in the spot, objects ranging from a trumpet, a piano, to a turntable, a sculpted bust and lots and lots of paint are all shown being squashed by an enormous metal rubbish compactor into the size of apple's thinnest product ever, the 13—inch ipad pro. now, critics say the ad celebrates the stifling of creativity rather than encouraging it. even british actor hugh grant weighed in on the social media platform x, labelling it "the destruction of the human experience. courtesy of silicon valley." actor and film—maker justine bateman, a vocal critic of the use of ai in the film industry, said apple's ad was "crushing the arts". while songwriter crispin hunt called the act of destroying musical instruments evocative of burning books. the criticism is particularly pointed because of concerns, especially in creative industries, about artificial intelligence taking people's jobs. now, it's a rare
fleury. the ad has only been out a couple of days butjudging by the reaction online, it's hit a nerve. in the spot, objects ranging from a trumpet, a piano, to a turntable, a sculpted bust and lots and lots of paint are all shown being squashed by an enormous metal rubbish compactor into the size of apple's thinnest product ever, the 13—inch ipad pro. now, critics say the ad celebrates the stifling of creativity rather than encouraging it. even british actor hugh grant weighed in on the...
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May 21, 2024
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our north america business correspondent, michelle fleury, has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features dubbed recall is designed to help you find anything that you viewed on your pc in the past. recall helps you instantly find anything you've ever seen on your pc before, all using natural language to simply describe those clues that you remember. there's also a live translation of 44 languages into english and something for creative types. for example, as you draw in microsoft paint, ai generates an image based on your sketch. now, these tools are all powered with new ai chips from qualcomm to deliver longer battery life. and all of this matters because today most ai software runs in the cloud, which uses a lot of energy. being able to work on the device thanks to more processing power. well, that not only improves data security, it's also more climate—friendly. microsoft is betting its new ai tricks will
our north america business correspondent, michelle fleury, has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features dubbed recall is designed to help you find anything that you viewed on your pc in the past. recall helps you instantly find anything you've ever seen on your pc before, all using natural language to simply describe those clues that you...
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May 22, 2024
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our north america business correspondent michelle fleury filed this preview. the s&p 500 and the nasdaq both closed at new record highs each rising more than two tenths of a percent. meanwhile the dow jones industrial average had a small gain after earnings from some big retailers shed light on how american consumers are faring. shares in macy's closed up faring. shares in macy's closed up 5% as its turnaround plan does appear to be working. however it did still see a drop in sales as shoppers continue to pull back on spending. that has been a big worry that they are feeling under pressure from rising prices. investors are turning their attention now to the giant chipmaker nvidia. it is inspect the to post another strong set of earnings after the market close on wednesday. the stock has soared more than 90% this year alone will stop this off the back of enthusiasm that al this off the back of enthusiasm that ai will boost corporate profit. the question is will al's big spenders, the likes of amazon microsoft continue to place orders and drive sales and profit
our north america business correspondent michelle fleury filed this preview. the s&p 500 and the nasdaq both closed at new record highs each rising more than two tenths of a percent. meanwhile the dow jones industrial average had a small gain after earnings from some big retailers shed light on how american consumers are faring. shares in macy's closed up faring. shares in macy's closed up 5% as its turnaround plan does appear to be working. however it did still see a drop in sales as...
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May 8, 2024
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michelle fleury is in new york for us. give us a sense of what investors think about uber. it's profitable and the figures on the face of it look good but it's about the detail, isn't it? �* , look good but it's about the detail, isn't it? ~ , , ., ., look good but it's about the detail, isn't it? ~ , ., ., , look good but it's about the detail, isn'tit?~ , ., ., , , isn't it? always. demand for uber is robust, isn't it? always. demand for uber is robust. that's _ isn't it? always. demand for uber is robust, that's the _ isn't it? always. demand for uber is robust, that's the message - isn't it? always. demand for uber is robust, that's the message from - robust, that's the message from management to analysts. if you look at its revenue for the first quarter, it was better than many were expecting, up 15%, thanks to people taking more rides and also using its food delivery service, but the thing is the right hailing and food delivery company still disappointed investors and one thing that wall street was focused on was gross booking. that number came in lighter than forec
michelle fleury is in new york for us. give us a sense of what investors think about uber. it's profitable and the figures on the face of it look good but it's about the detail, isn't it? �* , look good but it's about the detail, isn't it? ~ , , ., ., look good but it's about the detail, isn't it? ~ , ., ., , look good but it's about the detail, isn'tit?~ , ., ., , , isn't it? always. demand for uber is robust, isn't it? always. demand for uber is robust. that's _ isn't it? always. demand for...
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May 20, 2024
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let's go live to our north america business correspondent michelle fleury, who's in new york. michelle, what can we expect from microsoft later? i michelle, what can we expect from microsoft later?— microsoft later? i think after the excitement _ microsoft later? i think after the excitement of _ microsoft later? i think after the excitement of last _ microsoft later? i think after the excitement of last week - microsoft later? i think after the excitement of last week with - microsoft later? i think after the - excitement of last week with chatgpt and their assistant and then google announcing their ai initiatives, or focus now turns to microsoft. we are expecting initially for them to unveil products for their tablet computer that has ai aspects to it but then perhaps it is the build conference, developers conference, which often can be quite a dry affair but this year obviously they were quite excited about it and that is because there they are expected to talk about how they are going to incorporate ai into more things like their operating system which so many people hav
let's go live to our north america business correspondent michelle fleury, who's in new york. michelle, what can we expect from microsoft later? i michelle, what can we expect from microsoft later?— microsoft later? i think after the excitement _ microsoft later? i think after the excitement of _ microsoft later? i think after the excitement of last _ microsoft later? i think after the excitement of last week - microsoft later? i think after the excitement of last week with - microsoft later?...
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May 21, 2024
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our north america business correspondent michelle fleury filed this preview. yes, the nasdaq and s&p rose by wrinkled highs. —— record highs. some big retailers shed light on how american consumers are faring. shares in the department store chain macy's close up 5% as its turnaround plan does appear to be working. however, it did still see a drop in sales as shoppers continue to pull back on spending. that's been a big worry that they are feeling under pressure from rising prices. investors are turning their attention now to the giant chip—maker nvidia. it is expected to post another strong set of earnings after wednesday's us market close. the stock soared more than 90% this year alone, all of this out the back of enthusiasm that al out the back of enthusiasm that ai will boost corporate profits. the question is will the big spenders — microsoft, mike —— amazon micros on... wall street is betting the chip—maker will exceed expectations of. chip- maker will exceed expectations of. staying with al. .. several global firms made a fresh pledge at a
our north america business correspondent michelle fleury filed this preview. yes, the nasdaq and s&p rose by wrinkled highs. —— record highs. some big retailers shed light on how american consumers are faring. shares in the department store chain macy's close up 5% as its turnaround plan does appear to be working. however, it did still see a drop in sales as shoppers continue to pull back on spending. that's been a big worry that they are feeling under pressure from rising prices....
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May 9, 2024
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welcome to business today. lam i am michelle fleury. shares on wall street are opening lower this thursday — led by chip designer arm holdings — which is tumbling after its forecast for the year disappointed investors. that has hit the wider technology sector. markets have had a boost this week from growing hopes that interest rates could soon be coming down. in the uk we've had a strong hint from the bank of england that could start happening next month — more on that in a moment. martin baccardax is bureau chief at the financial news service thestreet — he's in rhode island. ifi if i could start with you with those results from arm holdings. they were hardly bad, so why the sharp drop in its stock price?— its stock price? yes, i think you're absolutely — its stock price? yes, i think you're absolutely right. _ its stock price? yes, i think you're absolutely right. they _ its stock price? yes, i think you're absolutely right. they were - its stock price? yes, i think you're absolutely right. they were not i absolutely right
welcome to business today. lam i am michelle fleury. shares on wall street are opening lower this thursday — led by chip designer arm holdings — which is tumbling after its forecast for the year disappointed investors. that has hit the wider technology sector. markets have had a boost this week from growing hopes that interest rates could soon be coming down. in the uk we've had a strong hint from the bank of england that could start happening next month — more on that in a moment. martin...
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May 6, 2024
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let's speak to michelle fleury in new york. give us a sense of what wall street makes of those numbers. i give us a sense of what wall street makes of those numbers.— makes of those numbers. i think this on wall street _ makes of those numbers. i think this on wall street last _ makes of those numbers. i think this on wall street last week _ makes of those numbers. i think this on wall street last week with - makes of those numbers. i think this on wall street last week with all- on wall street last week with all the major indexes are up around i%, and a feeling of positivity has carried over to the start of this week. we have all the major indexes, the dowjones, the s&p 500 or the nasdaq all opening higher and this is because we saw this weaker than expected report which ultimately basically eased fears that the us economy may be overheating and that has raised the prospect at least amongst those on wall street that maybe we might see two interest—rate cuts in america this year. bearing in mind that going into last week's
let's speak to michelle fleury in new york. give us a sense of what wall street makes of those numbers. i give us a sense of what wall street makes of those numbers.— makes of those numbers. i think this on wall street _ makes of those numbers. i think this on wall street last _ makes of those numbers. i think this on wall street last week _ makes of those numbers. i think this on wall street last week with - makes of those numbers. i think this on wall street last week with all- on wall...
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May 7, 2024
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from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when in fact they hadn't. the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding where they wings join the main body of the plane on certain 787 dreamliner aircraft. bonding and grounding is vital on a plane because it prevents static build—up, think of it as electrical safeguards. boeing credited a south carolina worker who saw something they felt was wrong on the production line and came forward and reported it. cutting corners at work is something that many of us may have been guilty of at various times in our lives. but given the frequency with which quality control issues keep coming up at boeing, the airline has a long way to go to regain the trust of the flying public, its customers, the airlines as w
from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when in fact they hadn't. the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding where they wings join the main body of...
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May 8, 2024
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i'm michelle fleury. markets here in new york have opened lower, putting an end to four days of gains, which have been driven by optimism that the federal reserve will soon be able to start cutting interest rates. uber shares are down sharply after disappointing forecasts from the taxi and food delivery giant. we'll get more on that injust a moment. so why is the rally on wall street now fizzling out? let's cross to las vegas and bring injimmy lee, who is chief executive of the wealth consulting group, which manages around $5 billion of assets. thank you forjoining us. is this simply coming up for air after five days of straight gains? i simply coming up for air after five days of straight gains?— simply coming up for air after five days of straight gains? i think you are correct _ days of straight gains? i think you are correct i _ days of straight gains? i think you are correct. i think— days of straight gains? i think you are correct. i think you _ days of straight gains? i think you are correct. i
i'm michelle fleury. markets here in new york have opened lower, putting an end to four days of gains, which have been driven by optimism that the federal reserve will soon be able to start cutting interest rates. uber shares are down sharply after disappointing forecasts from the taxi and food delivery giant. we'll get more on that injust a moment. so why is the rally on wall street now fizzling out? let's cross to las vegas and bring injimmy lee, who is chief executive of the wealth...
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May 9, 2024
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from new york, here's more from michelle fleury. president biden made his pitch to american voters unhappy with the overall economy on wednesday, chiding his 2024 general election rival while he was at it. during a visit to the swing state of wisconsin, he highlighted how he is helping to create jobs with the private sector, championing a major microsoft investment at the same site where donald trump's technology deal with foxconn fizzled. they wasted hundreds of millions of dollars, your state and local tax dollars, to promise a project that never happened. foxconn turned out to be just that. a con. on my watch, we make promises and we keep promises. the new project aims to create 2,300 constructionjobs and 2,000 permanent jobs. microsoft has said it will use the new centre to train about 100,000 workers across the state on generative ai by 2030. this isjoe biden's fourth visit to wisconsin, a state that is part of the blue wall that donald trump won in 2016 and which biden flipped in 2020. the president and his cabinet have been v
from new york, here's more from michelle fleury. president biden made his pitch to american voters unhappy with the overall economy on wednesday, chiding his 2024 general election rival while he was at it. during a visit to the swing state of wisconsin, he highlighted how he is helping to create jobs with the private sector, championing a major microsoft investment at the same site where donald trump's technology deal with foxconn fizzled. they wasted hundreds of millions of dollars, your state...
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May 22, 2024
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michelle fleury was watching all the action in new york. the s&p 500 and the nasdaq both closed at new record highs, each raising more than two tenths of a percent. meanwhile, the dowjones industrial the dow jones industrial average, the dowjones industrial average, well, it eked out a small gain, that after earnings from some big retailers shed light on how american consumers are faring. shares in the disbarment —— the department store chain, macy's, closed up 5%, as its turnaround plan appears to be working. however it did still see a drop in sales as shoppers continue to pull back on spending. that has been a big worry, that they are feeling under pressure from rising prices. investors are turning their attention now they are to the giant chip—maker, and video. it is expected to post another strong set of —— nvidia. the stock has soared more than 90% this year alone, all on the back of enthusiasm that al alone, all on the back of enthusiasm that ai will boost corporate profits. the question is will al's big spenders, that is wi
michelle fleury was watching all the action in new york. the s&p 500 and the nasdaq both closed at new record highs, each raising more than two tenths of a percent. meanwhile, the dowjones industrial the dow jones industrial average, the dowjones industrial average, well, it eked out a small gain, that after earnings from some big retailers shed light on how american consumers are faring. shares in the disbarment —— the department store chain, macy's, closed up 5%, as its turnaround...
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May 9, 2024
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michelle fleury in new york is following this for us. we know apple are trying to push more hardware sales as people stop upgrading, but this ad has got them in a lot of trouble? yes. upgrading, but this ad has got them in a lot of trouble?— in a lot of trouble? yes, if you think of the — in a lot of trouble? yes, if you think of the history _ in a lot of trouble? yes, if you think of the history of - in a lot of trouble? yes, if you think of the history of the - in a lot of trouble? yes, if you | think of the history of the app, what a change. they famously put out that the ad for the app in called 1984 in which you saw a dystopian world in which conformity rained and there was an individual who was fighting against it and bring their own creativity to the table. people are looking at this ad as sending exactly the opposite message, where you are seeing all of these objects that are symbols of creativity, whether it is the trumpet that we saw there, video games, sculpted busts, the piano, the turntable or getting crushed and people
michelle fleury in new york is following this for us. we know apple are trying to push more hardware sales as people stop upgrading, but this ad has got them in a lot of trouble? yes. upgrading, but this ad has got them in a lot of trouble?— in a lot of trouble? yes, if you think of the — in a lot of trouble? yes, if you think of the history _ in a lot of trouble? yes, if you think of the history of - in a lot of trouble? yes, if you think of the history of the - in a lot of trouble? yes,...
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May 16, 2024
05/24
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welcome to business today, i'm michelle fleury in new york, where all eyes are on the markets this morning. all three major share indices closed at new record highs on wednesday — after inflation figures boosted hopes that the central bank — the us federal reserve — may soon be able to start cutting the cost of borrowing. so, how will today's trading develop? we have already sen big gains for retailer walmart — more on that later in the programme. joanne feeney is a partner & portfolio manager at advisers capital management. why did the markets hit record highs yesterday? when people think interest rates will go down, why does that boost markets? the link between rates _ does that boost markets? the link between rates and _ does that boost markets? the link between rates and markets - does that boost markets? the link between rates and markets has i does that boost markets? the link. between rates and markets has never been clearer than the dynamics over the last year or so, with higher rates, the value of companies is lower because a lot of value comes from future earnings, higher
welcome to business today, i'm michelle fleury in new york, where all eyes are on the markets this morning. all three major share indices closed at new record highs on wednesday — after inflation figures boosted hopes that the central bank — the us federal reserve — may soon be able to start cutting the cost of borrowing. so, how will today's trading develop? we have already sen big gains for retailer walmart — more on that later in the programme. joanne feeney is a partner &...
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May 31, 2024
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let's speak to our correspondent michelle fleury. hello, michelle. we have had that initial reaction was to reaction also from mr trump's supporters when it comes to donations, how has he rallied supporters? i donations, how has he rallied summers?— donations, how has he rallied supporters? i think if you look at what he _ supporters? i think if you look at what he said _ supporters? i think if you look at what he said outside - supporters? i think if you look at what he said outside of- at what he said outside of court afterwards, just moments after he had been found guilty of 3a counts, he turned to the cameras and said, the real verdict will come on november the 5th, that is the presidential election day here in the united states. and he talked about this being a rigged trial, portraying himself really is a victim and saying that all that stood between regular folk and the system, if you like, is donald trump. i think for many of his supporters, that is a message that they buy into and that resonates with them and it will be interesting to see n
let's speak to our correspondent michelle fleury. hello, michelle. we have had that initial reaction was to reaction also from mr trump's supporters when it comes to donations, how has he rallied supporters? i donations, how has he rallied summers?— donations, how has he rallied supporters? i think if you look at what he _ supporters? i think if you look at what he said _ supporters? i think if you look at what he said outside - supporters? i think if you look at what he said outside of- at...
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May 22, 2024
05/24
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the bbc�*s north america business correspondent michelle fleury has more on the stellar report card. the number of times that al has been mentioned on earnings called this quarter is up sharply on the previous one, which helps explain why investors are so obsessed with nvidia's earnings. it's seen as a bellwetherfor ai, the chip giant's latest results show that demand is off the charts. nvidia reported a net income of $14.9 billion. with that another way, the company is making around $6.8 million in profit every hour. as for its revenue for the last few months, he came in at $26 billion — up a whopping 662% on the previous year. founder and ceo said the next industrial revolution has begun. the business was once billed on chips taylor to gaming
the bbc�*s north america business correspondent michelle fleury has more on the stellar report card. the number of times that al has been mentioned on earnings called this quarter is up sharply on the previous one, which helps explain why investors are so obsessed with nvidia's earnings. it's seen as a bellwetherfor ai, the chip giant's latest results show that demand is off the charts. nvidia reported a net income of $14.9 billion. with that another way, the company is making around $6.8...
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May 1, 2024
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north america business correspondent michelle fleury explains. sam bankman—fried isn't the only poster boy for crib go facing a reckoning. his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count
north america business correspondent michelle fleury explains. sam bankman—fried isn't the only poster boy for crib go facing a reckoning. his rival, ceo of binance, changpeng zhao, has been given four months in jail. back in november, he was —— pleaded guilty to one count
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May 21, 2024
05/24
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our north america business correspondent michelle fleury filed this preview. yes, the nasdaq and s&p rose by wrinkled highs. —— record highs. some big retailers shed light on how american consumers are faring. shares in the department store chain macy's close up 5% as its turnaround plan does appear to be working. however, it did still see a drop in sales as shoppers continue to pull back on spending. that's been a big worry that they are feeling under pressure from rising prices. investors are turning their attention now to the giant chip—maker nvidia. it is expected to post another strong set of earnings after wednesday's us market close. the stock soared more than 90%
our north america business correspondent michelle fleury filed this preview. yes, the nasdaq and s&p rose by wrinkled highs. —— record highs. some big retailers shed light on how american consumers are faring. shares in the department store chain macy's close up 5% as its turnaround plan does appear to be working. however, it did still see a drop in sales as shoppers continue to pull back on spending. that's been a big worry that they are feeling under pressure from rising prices....
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May 6, 2024
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our north america business correspondent michelle fleury has more from new york. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority, has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when, in fact, they hadn't. now, the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding, where the wings join the main body of the plane, on certain 787 dreamliner aircraft. bonding and grounding is vital on a plane because it prevents static build up. think of it as electrical safeguards. boeing credited a south carolina worker who saw something they felt was wrong on the production line and came forward and reported it. cutting corners at work is something that many of us may have been guilty of at various times in our lives. but given the frequency with which quality control issues keep coming up at boeing, the airline has a long way to go to regain the trust o
our north america business correspondent michelle fleury has more from new york. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority, has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when, in fact, they hadn't. now, the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding,...
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May 21, 2024
05/24
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our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you viewed on the pc in the past. there's also a live translation of 44 languages, and something for creative times — for example, in microsoft paint, it draws an image based on your sketch. these are all powered with new ai chips to deliver longer battery life, and all this matters because today, most ai software runs in the cloud, which uses a lot of energy. being able to work on the device thanks to more processing power, that not only improves the data security, it's also more climate friendly.
our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you viewed on the pc in the past. there's also a live translation of 44 languages, and something for creative times — for example, in microsoft paint, it draws an image based on your sketch. these are...
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May 7, 2024
05/24
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from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when in fact they hadn't. the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding where they wings join the main body of the plane on certain 787 dreamliner aircraft.
from new york, the bbc�*s michelle fleury has more. boeing's work is once again in the spotlight. america's air safety regulator, the federal aviation authority has opened a new investigation into boeing after the company came forward and said some employees had committed misconduct by claiming certain tests had been completed when in fact they hadn't. the faa is investigating whether boeing completed inspections to confirm adequate bonding and grounding where they wings join the main body of...
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May 7, 2024
05/24
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from new york, michelle fleury has more. tiktok is hugely popular in america. 170 million people use the platform to communicate. lawmakers aren't so keen. congress and the biden administration believe the app and its chinese owners bytedance could be a danger to national security. the argument goes that beijing could commandeer it to surveil and manipulate americans. so they've given the company until the day before the next us president takes office — on the 20th of january — to sell or face a ban here in the united states. tiktok, well, it's fighting back, challenging the constitutionality of the new law, arguing in its legalfiling, for the first time in history, congress has enacted a law that subjects a single named speech platform to a permanent nationwide ban.
from new york, michelle fleury has more. tiktok is hugely popular in america. 170 million people use the platform to communicate. lawmakers aren't so keen. congress and the biden administration believe the app and its chinese owners bytedance could be a danger to national security. the argument goes that beijing could commandeer it to surveil and manipulate americans. so they've given the company until the day before the next us president takes office — on the 20th of january — to sell or...
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May 2, 2024
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bbc�*s north america business correspondent michelle fleury has the details. stubborn inflation pushes back the timing of the first rate cut. the us federal reserve voted to keep its benchmark lending rate at a 23—year high on wednesday. officials have said they want more certainty that inflation is under control before they lower borrowing costs. they do not have that yet. here is chair, jerome powell, during his press conference. the economy has made considerable progress towards our dual mandate objectives. inflation has eased substantially
bbc�*s north america business correspondent michelle fleury has the details. stubborn inflation pushes back the timing of the first rate cut. the us federal reserve voted to keep its benchmark lending rate at a 23—year high on wednesday. officials have said they want more certainty that inflation is under control before they lower borrowing costs. they do not have that yet. here is chair, jerome powell, during his press conference. the economy has made considerable progress towards our dual...
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May 21, 2024
05/24
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our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you viewed on the pc in the past. there's also a live translation of 44 languages into english, and something for creative teams — for example, in microsoft paint, it draws an image based on your sketch. these are all powered with new ai chips to deliver longer battery life, and all this matters because today, most ai software runs in the cloud, which uses a lot of energy. being able to work on the device thanks to more processing power, that not only improves the data security, it's also more climate friendly. microsoft is hoping its new ai checks will help kick—start
our north america business correspondent michelle fleury has all the details. the future of the pc may be here. microsoft announced new conversational artificial intelligence features for windows pcs and a line of surface tablet computers. one of the features is dubbed to help you find anything you viewed on the pc in the past. there's also a live translation of 44 languages into english, and something for creative teams — for example, in microsoft paint, it draws an image based on your...
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May 1, 2024
05/24
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bbc�*s north america business correspondent michelle fleury has the details. stubborn inflation pushes back the timing of the first cut, the timing of the first cut, the weather reserve funds to keep its benchmark in a 23 year high on wednesday. the more certainty that inflation is under control before the lower borrowing costs. they do not have that yet. here is powell during his press conference stop build
bbc�*s north america business correspondent michelle fleury has the details. stubborn inflation pushes back the timing of the first cut, the timing of the first cut, the weather reserve funds to keep its benchmark in a 23 year high on wednesday. the more certainty that inflation is under control before the lower borrowing costs. they do not have that yet. here is powell during his press conference stop build
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May 2, 2024
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from new york, here's the bbc�*s north america business correspondent, michelle fleury. stubborn inflation pushes back the timing of the first rate cut. the us federal reserve voted to keep its benchmark lending rate at a 23—year high on wednesday. officials have said they want more certainty that inflation is under control before they lower borrowing costs. they do not have that yet. here is chair, jerome powell, during his press conference. the economy has made considerable progress towards our dual mandate objectives. inflation has eased substantially over the past year, while the labour market has remained strong. and that is very good news. but inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. we are fully committed to returning inflation to our 2% goal. while the prices of many goods have fallen, from cars to furniture, an increase in housing and petrol prices have contributed to a recent rise in consumer inflation. with progress on inflation taking longer than expected, hopes for lower rates have
from new york, here's the bbc�*s north america business correspondent, michelle fleury. stubborn inflation pushes back the timing of the first rate cut. the us federal reserve voted to keep its benchmark lending rate at a 23—year high on wednesday. officials have said they want more certainty that inflation is under control before they lower borrowing costs. they do not have that yet. here is chair, jerome powell, during his press conference. the economy has made considerable progress...