which means a lot of focus will be on nvidia's quarterly report card which is due on wednesday. 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 growth? or is that trajectory beginning to ease? wall street is beating the chipmaker will exceed expectations. in other news, pixar animation studios known for producing classic films like toy story, is laying off roughly 14% of its workforce. this is part of broader restructuring by parent company walt disney, and reflects a move away from the production of original content for the disney plus streaming service. instead, pixarwill refocus on feature films. these layoffs follow similar cuts made injune last year. to another big story we have been covering newsday.

a singapore airlines flight was hit with severe turbulence causing the death of one passenger and injuries to several others. the london—to singapore flight was forced to make an emergency landing in bangkok. both singapore and the us will be sending safety investigators to assess the incident, while boeing has also offered its support to the airline. for more on the singapore airlines incident, head over to our website, where you can get more details on our live page. now to india, where latest data shows airline passenger traffic grew at the slowest pace in 13 months after what's been a solid performance for the industry post—covid. our india business correspondent nikhil inamdar sent us this report on what's plaguing the sector. passenger growth has been continuously coming off over the last year from highs of about 22% in april 2023 to just over 2.5% last month. there are a number of reasons for that. despite high demand in india's

have been battling a range of supply—side concerns from dozens of aircraft being grounded due to engine issues to carriers like air india having members go on sick leave due to salary dispute. others have been going bankrupt and spiced it feisty —— fighting a crunch. fares have been skyhigh and that has led to smaller traffic. but overall for both international and domestic sectors passenger traffic is six but did to grow this year according to one particular estimate. reaching about 407— 480 million due to a strong pickup in both leisure and business travel here in india. japan is turning out to be a popular tourist destination this year. it welcomed 2.7 million visitors injanuary and a little more in february. foreign visitor arrivals hit

a new monthly record in march, past the 3 million mark, and remained strong last month. one of the main attractions — weakness in the japanese currency, the yen. while businesses are celebrating, local residents are not happy about the large crowds. the town of fujikawaguchiko has erected a barrier to block an iconic view of mount fuji. according to residents there, visitors are littering and parking illegally. i spoke with the boss of japan's largest travel agenchtb, and asked him how his company was keeping up with the demand. the weekend is the major factor of course. but the main... and thatis of course. but the main... and that is why more tourists are coming in. you've been a victim of your own success and there has been some level of unhappiness among residents in certain towns and cities in japan. who are concerned about too many tourists and perhaps

not abiding by local etiquette. how do you address this? it is true that tourists are concentrated in major cities like tokyo and kielder. it will continue but we are trying to make the tourist destinations develop new routes, such as the rainbow route according to the opening of the new bullet train route and also in other regions we create other routes to make people travel to other destinations. on top of that we are trying to introduce a way for people to book in advance

to try and mitigate the concentration. so that kind of if it is ongoing. i suppose it is a nice problem to have, an opportunity for other tourist destinations to get their time in the sun. i want your thoughts on outbound tourism from japan given the weak yen. that must take a hit. that is the biggest challenge for us. also the high airfare and destination inflation, these factors makes the price of a tour very expensive. so they are hesitant to travel abroad but we are trying to increase the promotion and at the same time concentrating on a purpose

driven trip like a world tour series so the people have a reason to travel to us and other destinations. later today we will get the latest inflation figures out of the uk. in march, consumer prices came in at 3.2 percent, which was its lowest level in 2.5 years. analysts and economists are predicting that the april cpi print will hover at around 2%. so what could this mean for the future uk interest rates? the bbc�*s ben king find explains. the recipes have not changed in 90 years at this traditional bakerin 90 years at this traditional baker in west sussex. at the cost of their ingredients has. flower prices, meat prices, energy prices, they are all flower prices, meat prices, energy prices, they are all up. the cost of fat has doubled. the cost of fat has doubled. the put the squeeze on profits at the end is in sight.- at the end is in sight. prices are not continuing _ at the end is in sight. prices are not continuing to - at the end is in sight. prices i are not continuing to increase that much. they are not coming

down but it does seem that things are plateauing a little bit when i am happy to see the pressure has eased a little bit and in the next few months we can start the pass that on to our customers and our employees as well which will be brilliant for everyone.— for everyone. official figures tell the same _ for everyone. official figures tell the same story. - for everyone. official figures tell the same story. a big i for everyone. official figures| tell the same story. a big cut in the energy means price for energy is down for most of us and that's a big fall in headline inflation. processor other things including food rise more slowly. i other things including food rise more slowly.— rise more slowly. i think it has peaked _ rise more slowly. i think it has peaked now. - rise more slowly. i think it has peaked now. i - rise more slowly. i think it has peaked now. i don't i rise more slowly. i think it l has peaked now. i don't find rise more slowly. i think it - has peaked now. i don't find it has peaked now. i don't find it has gone up anymore but it has increased by about 15% over year or two. increased by about 15% over year or twa— increased by about 1596 over year or two. everywhere i go it is how much??! _ year or two. everywhere i go it is how much??! i _ year or two. everywhere i go it is how much??! i have - year or two. everywhere i go it | is how much??! i have changed some habits _ is how much??! i have changed some habits so _ is how much??! i have changed some habits so i _ is how much??! i have changed some habits so i do _ is how much??! i have changed some habits so i do not - is how much??! i have changed some habits so i do not buy - some habits so i do not buy something that has gone up so much. i change it to something else and i can still manage on my small pension. the inflation numbertoday— my small pension. the inflation number today is _ my small pension. the inflation number today is the _ my small pension. the inflation number today is the first - my small pension. the inflation number today is the first of - number today is the first of two before the next time the bank have in glint monetary

policy needs to set interest rates. but both those numbers show inflation coming down as we expect makes it much more likely that they will decide the time has now come to start cutting interest rates. after nearly three years of soaring inflation things are finally coming off. but thatjust means prices are going up more slowly, not coming down and for most of us our standard of living is still not what it used to be. the world economic forum has confirmed that founder klaus schwab is stepping down as its executive chair after 50 years at the helm. the forum said that the move was part of a multi—year strategy to change its management structure. schwab helped transform the wef from modest beginnings as a europe—focused management symposium into into a conference attended by top global chief executives, bankers and policymakers. borge brende, the current president of the forum will take over before the next annual meeting in davos in january 2025. several global firms made a pledge to develop ai safely.

the companies include the us tech giants google, meta and microsoft, as well as asian firms alibaba and samsung electronics. they vowed to ensure the safety of their most advanced ai models with promises of accountability and public transparency. that is set for this edition of business today. thank you for watching and i will be back with more news for you in the next hour.

hello this is the catch up. tonight extreme turbulence on a flight, liverpool becomes taylor town and the oldest person to go to space. our top story, a man has died and several others are injured after extreme turbulence on a flight from london to singapore. the singapore airlines plane had to divert to bangkok and landed at 3:45pm

there. authorities are bangkok airport said the victim was a 73—year—old man from the uk and it was likely he died from a heart attack. passengers took these pictures shortly after these pictures shortly after the emergency. imagine how scary this would have been. you can see the impact and damage here. jerry was a passenger on the flight. here. jerry was a passenger on the flight-— the flight. suddenly the plane lunued. the flight. suddenly the plane plunged- i _ the flight. suddenly the plane plunged. i don't _ the flight. suddenly the plane plunged. i don't know - the flight. suddenly the plane plunged. i don't know how- the flight. suddenly the plane plunged. i don't know how far but they said 6000 feeder not seem like 6000 feet but it was a long way. and so sudden, no warning at all. i ended up hitting my head on the ceiling. my hitting my head on the ceiling. my wife did. some poor people were walking around and did some assaults.— were walking around and did some assaults. good news for liverpool— some assaults. good news for liverpool as — some assaults. good news for liverpool as the _ some assaults. good news for liverpool as the city _ some assaults. good news for liverpool as the city will - liverpool as the city will become taylor town for the show next month. more than 150,000 swift's will had there for three shows at enfield stadium. liverpool city council said a trail of art installations inspired by different errors of

her career will be put around the city. it is for the tour will provide an important boost to the uk economy, as much as £1 billion according to data from barclay's. —— it is thought at the tour. time now to leave you with ten of the oldest person ever to go to space. 90—year—old ed white started training as an astronaut over 60 years ago but nasa did not select him for a mission. now he has finally achieved his lifelong dream. i love that. you are all caught up love that. you are all caught up now. see you later. see you later. hello and welcome to sportsday — i'm gavin ramjaun. here's what's coming up on the programme. chelsea and mauricio pochettino part ways. the argentinian leaves stamford bridge after one season in charge, by mutual consent. big names are missing from gareth southgate's initial england euros squad. we'll have more on who's not

going to germany this summer. and archer's ready to fire for england after his spell out injured before their limited overs series with pakistan. hello and welcome to sportsday — and the premier league managerialfallout continues, following the finish to the season. chelsea announced on tuesday that manager mauricio pochettino has left the club by mutual consent. he was in charge forjust one season. the argentinian was under pressure after an underwhelming first half of the campaign — but had managed to turn things around somewhat, and finished the season in the top six. chelsea were also runners—up in the league cup and reached the semi—finals of the fa cup. pochettino was chelsea's sixth permanent manager in five years. in england, he previously

also managed tottenham and southampton — but is yet to win a domestic trophy.