wall street sees a record day as nvidia rallies on. stock valuejumping $250 billion in one day. and if you are planning a summer holiday in europe he ready to fork out cash as fuel prices are ready to remain elevated, making travel even more expensive. hello and welcome. i'm steve lai. to the us where we begin with markets have been rallying around nvidia's earning reports. the company has been driving gains as one of the leading tech stocks and valuable companies on wall street and on thursday it added $250 billion in stock market value. erin delmore filed this report. nvidia fever is sweeping wall street. shares rose more

than 16% on thursday on the strength of the company's earnings report. that came in after the bell on wednesday and handily beat estimates. it showed nvidia sales more than tripled after the first quarter and showed enthusiasm around artificial intelligence is as strong as ever. nvidia's ceo said that al has hit a tipping point. mr huang himselfe is edging near a tipping point himself of another variety. this spike on thursday sent his personal wealth estimated 8.5 billion which put him on the verge of cracking into the world's top 20 wealthiest people. nvidia manufactures chips used to power ai technology that is the subject of so much excitement right now. it is one of the magnificent seven tech stocks routinely outperform the market and a handful of the other magnificent seven are customers of nvidia. in all it is a big day on wall street.

the s&p 500 and the dowjones had record closes. not so for the nasdaq composite but it is inching closer. reddit officially moves forward to sell shares to the public. the social media company will list on the new york stock exchange in march. reddit�*s debut will be the first major tech ipo of the year and the first social media listing since pinterest went public. as the war in ukraine passes a two year anniversary the eu was also in the process of agreeing on the 13th round of sanctions against moscow. companies have been forced to adapt and move their operation close to home. but according to a maritime analyst, the cost of making changes in the supply chain have not been fully passed on to consumers. what we are seeing — passed on to consumers. what we are seeing is _ passed on to consumers. what we are seeing is that _ passed on to consumers. what we are seeing is that a _ passed on to consumers. what we are seeing is that a lot _ passed on to consumers. what we are seeing is that a lot of- passed on to consumers. what we are seeing is that a lot of the - are seeing is that a lot of the cost increase that was seen due

to the diversions of container ships around the cape of good hope are likely going to be temporarily so these are shipping prices spiked getting in mid december the attacks on shipping occurred, the prices are significantly elevated right now, even to this day but what happened is that the container shipping industry ordered many ships during covid and there was a sharp increase in vessel quartering during that time. so even though the red sea crisis from a container shipping perspective essentially took 6—7% of global capacity of the market, beginning injanuary, late december mid january, that capacity will gradually be replaced as we move through this year and that will ease prices for consumers. has there

been a recalibration _ prices for consumers. has there been a recalibration of - prices for consumers. has there been a recalibration of supply i been a recalibration of supply chains as a result of these developments we saw in the past year? it developments we saw in the past ear? , . , , ., developments we saw in the past ear? , ., , , ., ., year? it is happening on two different levels. _ year? it is happening on two different levels. on - year? it is happening on two different levels. on a - different levels. on a short—term level the recent report that we produced, the supply chain reportjournal from s&p global basically found that on a short—term basis companies were maximising their financials over long—term risk mitigation in the supply chain. for example, fewer suppliers and less inventory and less investment in logistics technology. all of which is somewhat counterintuitive given the extraordinary disruptions we saw during covid and, obviously, moves like that leave supply chains more vulnerable. at the same time we see a long—term basis very active reassuring, friend shoring, you know, you use the catch phrase that you want but thatis catch phrase that you want but that is on a long—term basis very much under way, in response to some of the big

picture geopolitical risks that we are seeing out of the world right now. we are seeing out of the world right "ow-— we are seeing out of the world riaht now. , , ., ., right now. elsewhere prolonged attacks on shipping _ right now. elsewhere prolonged attacks on shipping in _ right now. elsewhere prolonged attacks on shipping in the - right now. elsewhere prolonged attacks on shipping in the red | attacks on shipping in the red sea are expected to result in higher prices fall diesel and jet fuel in europe this summer and that means travel could become more expensive. we heard from an oil market specialist who expects fuel prices to stay elevated and travel to be more expensive during the peak season. first of all european jet demand somewhere around 1.1 million barrels per day and we believe it could touch up to 1.7 million barrels per day. that is a significant jump for europe and so far how europe has been managing the onslaught of not getting the crude from russia, not getting product from russia was that russian crude was probably being refined in asia and other parts of the world

and a lot ofjet was flowing from the middle east as well as asia. with the red sea crisis i think that flow has been curtailed. crude is also flowing less to europe, products are flowing less and i would say particularly, europe is going to face a hard pinch on jet and diesel content. it will certainly lead to an increase in prices. what are the knock—on effects of this in a year that will see so many elections taking place? that is a great question and i think election years are probably more consumption years as well. money gets pumped in and i guess that would be more demand going forward. in that sense i would say across the board we will see higher demand growth. 0ur projection for this year is about 1.5 million barrels per day and a lot of that is in asia and china but i would say that we are living in a world

where we have global scares and there are a lot of regional and local scares. so a fractured supply chain demand from asia but they are probably in a pinch. how would you feel about paying more for streaming services because of government taxes? that could be the reality for millions if an important meeting of global trade ministers next week cannot reach an agreement on e—commerce tariffs. it is one of the number of big issues including fishing and agriculture on the agenda for the world trade organisation's conference that kicks off on monday. the wto's director has been speaking to my colleague who asked how important it was that tangible progress is made to help people tackle the cost of living crisis? ilil" to help people tackle the cost of living crisis?— of living crisis? our forecast is really on _ of living crisis? our forecast is really on people. - of living crisis? our forecast is really on people. i - of living crisis? our forecast is really on people. i have i is really on people. i have always said that at the wto we should focus on what the multilateral trading system can do for people and as you know,

for gdp growth, global growth, trade feeds into gdp growth and vice—versa. so progress in trade is important and our members understand this. they understand it is important to make progress on issues related to fisheries because we are dealing not only with sustainability of oceans but we have proven the livelihoods of fishermen and women around the world who depend on this. they understand that making progress on digital trade will be important. so the atmosphere is positive and there for i think members are poised to deliver. that being said i must be realistic. you never know how negotiations will go. the dynamics can become difficult so i do not wish to predict too much about where we will come up much about where we will come up but i hope for the best. let me touch _ up but i hope for the best. let me touch on _ up but i hope for the best. let me touch on a _ up but i hope for the best. let me touch on a hot topic on the

table in upper derby, e—commerce which covers everything from streaming services to cloud computing. as he recently said it is the fastest—growing part of global trade and up until now there has been disagreement in place that there are no tariffs on all those things. but that is due to expire this year and i wonder, what are the dangers of an extension not being agreed—upon. how that affected consumers around the world? the moratorium _ consumers around the world? the moratorium on _ consumers around the world? tue: moratorium on customs consumers around the world? tte: moratorium on customs duties consumers around the world? "tt2 moratorium on customs duties on electronic transmissions has been extended at the wto for the 20 years and there is a surge to make them permanent or, at the very least, extend them. but there are some members who think differently about this. so far the majority of members are supporting the abstention because they believe that it abstention because they believe thatitis abstention because they believe that it is really important to micro medium and small enterprises, as trade becomes more digital and more women and young people are trading

through digital means this moratorium becomes important to them. we must remember there are other members who feel that the impact on their revenue as everything becomes more digital and i hope ministers will make the appropriate decision that will be helpful to the world economy. t5 will be helpful to the world economy-— will be helpful to the world econom . , , ., , �* economy. is in the story we've been covering _ economy. is in the story we've been covering his _ economy. is in the story we've been covering his throughout l been covering his throughout the morning on bbc news. the us space exploration company intuitive machines has made history today by becoming the first private company to successfully land a spacecraft on the moon. the 0dysseus which touchdown near the south pole of the moon had no astronauts on board. the company hopes to send another spacecraft to the moon in march and that would drill to find underground ice. there is more on our website and in the meantime have a great weekend.

bbc news, bringing you different stories from across the uk. jack and his fiancee beth are engaged and plan to tie the knot in 2026. but top of the wedding list isn't finding a new venue or the right suit, it's getting a new voice. my normal computer voice is robot voice sounding like out of doctor who. jack, who has cerebral palsy, wants an authentically brummie voice to reflect his heritage and is inviting people to volunteer theirs. the 21—year—old has been using his current communication aid, which he controls with his eyes, since he was six years old, but the technology has come a long way since then. he wants to be able to say i do, and to say all his vows as a human at his wedding, instead of as a robot. it is not a small commitment. the chosen volunteer will need to spend six to eight hours recording around 1600 phrases.

so far, they've had half a dozen responses. but he need look no further. i think i've got a solution. all right, babb. i'm off up the road to get a cob. ta—ra a bit. david, that was rubbish. get out of my house. for more stories from across the uk, head to the bbc news website. i am steven with the catch up. tonight, drunk driving warnings, an american milestone and mysteries. first we are talking about dani alves. the former brazil and barcelona player has won nearly every big trophy in football. on thursday he was found guilty of rape and sentenced to 11.5 years injail. the court in spain found that in december 2022 he lured

a 23—year—old woman into a toilet at a nightclub in barcelona where he forced her to have sex. the sentence is less than the 12 year term the lawyers wanted. alves is planning to appeal. if you have been affected by any of this you can get help and support on bbc actionline. a few other stories. more people are being caught for drug driving than drink—driving in some areas. that is what police chiefs have told us. they are worried it has become socially acceptable, especially among young people. next, have you avoided the rain this week? flood warnings for a lot of us with schools closed and problems on the roads and train routes. in central england it has been the wettest february on record. and some history at the london marathon this year. it will be the first in the world to offer equal prize money for its wheelchair and able—bodied races. the prize pot for each will be just under a quarter of £1 million. and time for ten seconds

of a mystery crime involving postboxes. these have been popping up all over dartford. 0nce spray—painted like mr blobby, another like a cream egg. it is probably a safe that banksy is not behind any of this. have a great night.

i'm gavin ramjaun. changes for england, ahead of the fourth test with india — as captain ben stokes contends with cracks in the pitch in ranchi. the london marathon levels the playing field — wheelchair and able—bodied athletes will receive equal prize money. and a first start for frawley — he's among the many changes for ireland, as the six nations resumes this weekend. hello there, and welcome along to sportsday. fast bowler 0llie robinson is back in the england side for the first time since the third ashes test last summer. he's one of two changes for the fourth test against india in ranchi. robinson comes in for mark wood while off—spinner shoaib bashir

is recalled for leg—spinner rehan ahmed. india are 2—1 up in the five—match series —