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Zuckerberg Loses $15 Billion as Facebook Shares Plunge

America in the Morning with John Trout
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1 year ago

Lawmakers call on ICE to free more immigrants amid pandemic in Pennsylvania

KYW 24 Hour News
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2 hrs ago

EPA cites COVID-19 as reason to suspend regulation of polluters

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Coronavirus updates: White House predicts 100,000 deaths in U.S.

AP 24 Hour News
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4 hrs ago

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Newsradio 950 WWJ 24 Hour News
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5 hrs ago

California Health Corps site scored 25,000 sign-ups in its first day, Governor Newsom says

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U.S. Geological Survey reports magnitude 6.5 earthquake has struck north of Boise, Idaho

Newsradio 950 WWJ 24 Hour News
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Gas prices plunge below $2 per gallon as more Americans stay home

AP 24 Hour News
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1 hr ago

Four Women Killed in Fire That Tore Through Top Floor of Bronx Apartment Building

10 10 WINS 24 Hour News
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47 min ago

Amazon fires New York worker who led strike over coronavirus concerns

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11 hrs ago
News Radio 690 KTSM

Automatic TRANSCRIPT

And we will we'll get through it, at a stop in Iowa President Trump nodded to the. Trade, clash with the. European Union and acted as if the problems are all in. The past although the EU has not lifted its retaliatory tariffs that whole, thing, is, now going, to be opened up no tariffs no. Nothing free trade still some members of the president's own party are. Skeptical especially if the big aid package proposed for farm. Communities Nebraska Senator Ben Sasse this trade. War is cutting the legs. Out from under farmers and the White House's plan is to. Spend, twelve billion on gold crutches Iowa congressman David Young what, farmers really want. They want trade they walk markets and not necessarily. Any kind of bailout or eight but these are the. Kind of, the cars at the they've been dealt with correspondent Tom foreman it should be Noted that government figures released Friday showed that the economy grew four point one percent in the second quarter of. The year the best showing, since the third. Quarter of two thousand fourteen Thursday saw Facebook have the. Worst day and stock market history Steve Kastenbaum reports shares plunged nineteen percent that's the biggest single-day loss in history for, a public company Michael on Wednesday Facebook stock price was around two hundred and twenty dollars a share by, the end, of, the day Thursday. It. Was down to one hundred seventy five dollars it, dropped nineteen percent in one day now other companies have. Seen, their stock prices. Fall more than nineteen percent in one training session but Facebook's. Market value fell one hundred nineteen billion dollars that's the largest single day, loss, of, any company, in history so what happened well it's. A combination of several things but the tipping point seems to have. Been when Facebook exacts announced that they were making privacy. Their priority Facebook's chief financial officer David. Wetter told investors They were putting privacy I as a result of the Cambridge Analytica, scandal as part of that new strategy Facebook will. Put more development into the company's stories feature that's where your friends see what you've been posting investors believe that'll take money. Away from the news feed which has. A core moneymaker for the company winter said the company will. Invest billions of, dollars per year improving safety and security after the company's reputation took a hit thanks to fake news, at, election meddling that took advantage of the social media. Site as bad as this loss was. Facebook, stock price was down around the one hundred and fifty dollar Mark during the height of, the Cambridge Analytica data leak scandal the price had rebounded. Sharply since then in case you're wondering Forbes reported that Mark. Zuckerberg's personal wealth? Took, a sixteen billion dollar hit on, Thursday Michael thanks Steve Kastenbaum the deadline for the government to reunite immigrant families was Thursday Omar, Jimenez reports, that while many families. Are now back together There. Are still hundreds who have yet to see their loved ones It was. Incredibly hard experience for me and they separated me from my son that. Has been, the reality for many immigrant parents separated from their children the border They took away my son told me I would never see. Him a told me they would deport me and he would stay with. The government Government says more thousand families.