00:00 Speaker A
we are watching cybersecurity stocks, BP and Tesla.
00:04 Speaker A
First off, let’s look at cyber security stocks. China is reportedly banning the use of roughly a dozen firms from the US and Israel. That’s according to Reuters, which says Chinese authorities have told domestic companies to stop using cybersecurity software from companies like Palo Alto Networks, Fortinet, and Checkpoint software.
00:26 Speaker A
It’s unknown how many Chinese companies have received this notice, Beijing citing national security concerns as the reason behind that move and those stocks are under pressure.
00:35 Speaker A
Next up, BP flagging investors about a hit from write-downs ahead of its earnings report next month. The company’s expecting to take as much as 5 billion dollars in write downs from its transition business.
00:44 Speaker A
These charges primarily attributable to the gas and low carbon energy segment. BP also seeing upstream production, it says will be broadly flat for the fourth quarter and oil trading is expected to be weak.
00:54 Speaker A
And finally, Tesla is shifting gears on its full self-driving feature and how it offers it. CEO Elon Musk writing in a post on X that Tesla will stop selling FSD after February 14th.
01:03 Speaker A
After that, it will only be available as a monthly subscription.
01:08 Speaker A
Currently Tesla owners have the option to buy FSD for $8,000 or pay $99 a month for the service. After that, they’ll only have the choice of one of those.
