WEBVTT 1 00:00:14.250 --> 00:00:18.680 Good morning. It's quarter past six in the morning on Friday the 6th of November. 2 00:00:18.800 --> 00:00:21.000 This is Not Perfect News. I'm James. 3 00:00:21.120 --> 00:00:21.940 And I'm Julie. 4 00:00:22.060 --> 00:00:24.060 Here are today's main stories. 5 00:00:24.180 --> 00:00:28.440 Donald Trump issues a warning regarding potential military action in Iran today. 6 00:00:28.560 --> 00:00:32.890 The California governor has commuted all death row sentences in the state. 7 00:00:33.010 --> 00:00:36.460 The Bank of England raises interest rates to four per cent. 8 00:00:36.580 --> 00:00:46.640 Coming up, artificial intelligence, technology, and today's feature: Nasdaq Suffers Worst Day in 18 Months Amid AI Slowdown and Regulatory Concerns. 9 00:00:46.760 --> 00:00:51.560 This programme is researched and voiced using AI, and every source is on our website. 10 00:00:51.680 --> 00:00:53.610 Here's Julie with the world news. 11 00:00:54.310 --> 00:00:59.630 Thanks, James. Donald Trump has stated that the United States may have to destroy the rest of Iran. 12 00:00:59.750 --> 00:01:05.440 Reports also indicate that Iran has sent a nuclear proposal to Washington through Qatari mediators. 13 00:01:05.560 --> 00:01:14.240 California Governor Gavin Newsom has commuted the death sentences of all five hundred and forty-eight inmates on death row to life in prison without parole. 14 00:01:14.360 --> 00:01:20.380 Elon Musk spent nearly four hundred and seventy-four million dollars supporting Republican candidates in the midterms. 15 00:01:20.500 --> 00:01:25.640 Despite this record spending, Democrats still secured majorities in both houses. 16 00:01:25.760 --> 00:01:27.630 Here's James with the UK news. 17 00:01:28.330 --> 00:01:34.610 Thanks, Julie. The Bank of England has raised interest rates from three point seven five per cent to four per cent. 18 00:01:34.730 --> 00:01:39.700 All nine members of the committee backed an increase, marking the first rise in over three years. 19 00:01:39.820 --> 00:01:46.220 Comedian Russell Brand has been found guilty of one count of rape and three counts of sexual assault at Southwark Crown Court. 20 00:01:46.340 --> 00:01:50.940 He has been remanded in custody and now faces a significant prison sentence. 21 00:01:51.060 --> 00:01:58.210 Metropolitan Police Commissioner Sir Mark Rowley is warning that policing faces failure without major structural reform. 22 00:01:58.330 --> 00:02:04.520 He argues that consolidating the forty-three separate forces is essential to tackle modern crime. 23 00:02:05.220 --> 00:02:09.500 The Nasdaq share index has suffered its worst day in eighteen months. 24 00:02:09.620 --> 00:02:13.170 The index dropped five point five per cent during trading on Thursday. 25 00:02:13.290 --> 00:02:19.400 This sharp decline wiped out more than two trillion dollars in market value by the close of the day. 26 00:02:19.520 --> 00:02:25.110 Investors are increasingly worried about a potential slowdown in the artificial intelligence sector. 27 00:02:25.230 --> 00:02:32.320 The Guardian reports that markets are also reacting to the prospect of tougher regulation following the recent midterm election results. 28 00:02:32.440 --> 00:02:38.960 Some analysts argue that the massive spending on infrastructure may take much longer to generate real profits than many had hoped. 29 00:02:39.080 --> 00:02:47.670 Others remain optimistic, noting that market corrections are a normal part of the economic cycle and help clear out unsustainable valuations. 30 00:02:47.790 --> 00:02:51.550 Despite the volatility, companies are pushing ahead with their plans. 31 00:02:51.670 --> 00:02:58.900 Airbnb has confirmed it intends to release an artificial intelligence travel agent in the first half of twenty twenty-seven. 32 00:02:59.020 --> 00:03:07.050 Market watchers will now be looking to see if these regulatory fears lead to actual policy changes or if this was simply a period of profit-taking. 33 00:03:07.170 --> 00:03:14.050 The long-term success of the sector now depends on how quickly these expensive technologies can become profitable consumer products. 34 00:03:14.170 --> 00:03:18.360 It seems the machines might be smart, but the markets are feeling a bit nervous. 35 00:03:18.480 --> 00:03:22.820 Two trillion dollars is quite the figure to lose in a single afternoon. 36 00:03:22.940 --> 00:03:29.140 That two trillion figure represents a sharp recalibration of risk across the entire technology sector. 37 00:03:29.260 --> 00:03:34.230 Trading floors saw heavy selling pressure from the opening bell right through to the closing whistle. 38 00:03:34.350 --> 00:03:40.470 Portfolio managers are reassessing how quickly massive capital investments can be converted into actual revenue. 39 00:03:40.590 --> 00:03:47.290 Uncertainty remains around whether upcoming political changes will translate into directly restrictive technology legislation. 40 00:03:47.410 --> 00:03:54.280 That legislative question is creating a cautious atmosphere among institutional investors holding large tech positions. 41 00:03:54.400 --> 00:03:59.840 Observers are watching to see if current drops reflect structural demand issues or simply profit-taking. 42 00:03:59.960 --> 00:04:06.140 Major firms are continuing their long-term development roadmaps despite the sudden turbulence on the trading floors. 43 00:04:06.260 --> 00:04:12.040 Airbnb shared its timeline with shareholders to reassure the market of its ongoing product innovation. 44 00:04:12.160 --> 00:04:17.640 Whether consumers embrace these new travel tools at scale will be a major test for the industry. 45 00:04:17.760 --> 00:04:23.310 For now, the focus shifts back to macroeconomic data and upcoming policy statements from Washington. 46 00:04:23.430 --> 00:04:26.270 It certainly makes for a very expensive Thursday. 47 00:04:26.390 --> 00:04:30.420 I suppose we will have to see if that travel agent is worth the wait. 48 00:04:31.120 --> 00:04:34.110 Before we go, a reminder of today's main stories. 49 00:04:34.230 --> 00:04:37.850 Donald Trump has issued a threat regarding potential military action in Iran. 50 00:04:37.970 --> 00:04:42.160 The California governor has commuted all death row sentences in the state. 51 00:04:42.280 --> 00:04:46.910 You'll find all our sources, the transcript and chapters at news.notperfect.biz. 52 00:04:47.030 --> 00:04:52.080 This programme is made with AI, so please check the linked sources for anything important. 53 00:04:52.200 --> 00:04:54.410 That's all from us this morning. I'm Julie. 54 00:04:54.530 --> 00:04:57.800 And I'm James. Thanks for listening, and goodbye.