hello and welcome. this is business today. after months of speculation, apple has revealed its plans for artificial intelligence in a move that chief executive tim cook has called the "next big step". the tech giant is to boost its siri voice assistant and operating systems with openai's chatgpt as it seeks to catch up in the ai race. it's part of a new personalised ai system — called apple intelligence. here's our north america business correspondent erin delmore. the hardest abereaviation in tech these days is easily ai. now, apple is taking its shot at redefining artificial intelligence into apple intelligence. the company unveiled a series of ai related announcements at the world

development conference on monday. chief among them — a partnership with the artificial intelligence juggernaut, intelligencejuggernaut, openai. that will allow apple to integrate the start—up�*s cutting edge chat bot, chatgpt, into its including a superpowered siri. apple's signature voice assistant will be available with chatgpt features for free later this year. other new additions include ai generated images and emojis and help with toning improvements. this is apple's big stand in integrating the ai features that have captured users' attentions and company's big bucks. wall street has spent the year rewarding firms that have not onlyjumped on but rewarded it, like nvidia. last week, it overtook apple itself to become the second most valuable company in the world by market capitalisation. microsoft, which has its own

long standing partnership with openai remains the most powerful. lets get the view of carolina milanesi — president and principal analyst at creative strategies. what did you make of the big reveal? i what did you make of the big reveal? ~ ., , ., , reveal? i think what people were surprised _ reveal? i think what people were surprised about - reveal? i think what people were surprised about is - reveal? i think what people were surprised about is thei were surprised about is the fact that apple intelligence is actually home grown. so that is not what chatgpt is powering. so that is something that apple has created on its own merit, with its own technology, its own silicon and its cloud, to keep everything personal and private. where chatgpt comes in, it becomes a bit more like a table stakes of general queries that we have been accustomed to do and play with, which chatgpt and other services, is on its own chat bot. so if you like, you were talking about it becoming smarter. apple is making siri smarter. apple is making siri

smarter and chatgpt makes siri more knowledgeable. 50. smarter and chatgpt makes siri more knowledgeable.— more knowledgeable. so, the oint more knowledgeable. so, the point you _ more knowledgeable. so, the point you made _ more knowledgeable. so, the point you made about - more knowledgeable. so, the point you made about apple | point you made about apple intelligence, it is its own software chips, etc, etc. yes. do ou software chips, etc, etc. yes. do you think _ software chips, etc, etc. yes. do you think that _ software chips, etc, etc. yes. do you think that people - software chips, etc, etc. yes. do you think that people willl do you think that people will therefore, think that it is more superior? it is more secure and safer in some way? i think that they're certainly going to believe that privacy is at the core of what apple wants to deliver, and is more personal. there's no question that consumers across different countries trust the brand of apple. apple doesn't monetise from consumer's data. it monetises through hardware, so it is in their interest to bring hardware back. so the di phone for example. and we've seen that apple intelligence will be available only on the latest devices that are running either an m1 on mac and ipad, or on the iphone, the iphone

pro and pro max.— or on the iphone, the iphone pro and pro max. how does this com are pro and pro max. how does this compare to _ pro and pro max. how does this compare to what _ pro and pro max. how does this compare to what microsoft - pro and pro max. how does this compare to what microsoft or i compare to what microsoft or google are offering? i mean, apple has been seen to be behind? does this now bring it up behind? does this now bring it up to speed? is it now possibly going to move ahead? your thoughts? i going to move ahead? your thoughts?— thoughts? i think it's a very different — thoughts? i think it's a very different business - thoughts? i think it's a very different business model. l thoughts? i think it's a very - different business model. both google and microsoft are in the cloud business, so they are in the large language model business, and they are monetising from services like co—pilots and duet. for apple, everything is free because they monetise from the hardware. so it's hard to make a comparison. there is no question that being more personal will drive more engagement from a user perspective. engagement from a user perspective-_ engagement from a user perspective. 0k. well, it's aood perspective. 0k. well, it's good to — perspective. 0k. well, it's good to get _ perspective. 0k. well, it's good to get your _ perspective. 0k. well, it's good to get your take. - perspective. 0k. well, it's i good to get your take. thank you for your time. well lets stay on the theme of ai — the ceo of morgan stanley, ted pick, has said the use of ai could companies financial advisers

between 10 and 15 hours a week. he told a conference "it's potentially really game—changing". lets explore this with will walker—arnott, director of private clients at charles stanley. good morning to you. good morning- — good morning to you. good morning. so, _ good morning to you. good morning. so, can— good morning to you. good morning. so, can you - good morning to you. good morning. so, can you see l good morning to you. good - morning. so, can you see this? would that _ morning. so, can you see this? would that be _ morning. so, can you see this? would that be the _ morning. so, can you see this? would that be the case, - morning. so, can you see this? would that be the case, for- would that be the case, for example, in your line of work? you could save 10—15 hours a week if ai you could save 10—15 hours a week if al was really implemented where you are? we're actually own bid an american company called raymond james, and they really see the role of ai as not replacing human roles but augmenting and increasing productivity. so the first thing rolled out is access to co—pilot, which is a microsoft product which helps us to review long documents and analyse them very quickly. but also, we have some preparatory called opportunities, which is released by raymond james, which when we get in, in the morning, we'll review portfolios and prompt us to react. and finally in the back office, we can improve

productivityjust office, we can improve productivity just through things like when we're processing documentation. so i think that it will save time and will be a game changer in the wealth management arena. now, let's talk about apple from the market perspective. shares actually went down after this big launch, as it were. and yet, the snp500 closing at a record high. five of the so—called magnificent seven stocks doing well yesterday. why was apple not riding the wave of this reveal of the ai plans? i wave of this reveal of the ai lans? ~' ., wave of this reveal of the ai lans? ~ ., , ., , plans? i think to be honest, it had a very _ plans? i think to be honest, it had a very strong _ plans? i think to be honest, it had a very strong recovery - plans? i think to be honest, it. had a very strong recovery over the last three months. if you go back to the turn of the year, there was a lot of concerns around the company surrounding chinese demand and the like. and the share price has since had a strong sense of due won earnings has rallied hard. so a little bit of profit taking after the announcements, but you're quite right, the big technology companies are really supporting growth in us market, and that's really down to the strong earnings we saw in the recent results season.-

recent results season. now, it's a busy — recent results season. now, it's a busy week _ recent results season. now, it's a busy week for - recent results season. now, it's a busy week for you - recent results season. now, it's a busy week for you and | it's a busy week for you and others watching financial markets. we have the federal reserve meeting starting today. of course, they wrap that up on wednesday. lots of thoughts of where they're headed. oil prices spiked on monday as well. brent crude still above $81 a barrel. and then us inflation numbers out this week as well. it's going to be busy, isn't it? ., as well. it's going to be busy, isn't it? . �* , ., as well. it's going to be busy, isn't it? . �*, ., , _ isn't it? yeah, it's a busy, busy week- _ isn't it? yeah, it's a busy, busy week. and _ isn't it? yeah, it's a busy, busy week. and you're - isn't it? yeah, it's a busy, i busy week. and you're quite right — all surprises did spring up a bit yesterday. but over the year, they've been pretty flat. we're about to enter the driving season in the us, which traditionally means there's a lot more demand for oil. but i think the fact that president biden will not want to see oil prices rising ahead of an election means that he's going to continue to release his strategic reserves and keep a cap on that. so i think that the oil price will remain range bound. and looking for, yes, we have inflation data from us. we also have the federal reserve where markets are still expecting interest rates to go up expecting interest rates to go up one or two times possibly this year, which seems about right.

this year, which seems about riuht. �* ,, right. all right, goodness me! thanks for _ right. all right, goodness me! thanks for talking _ right. all right, goodness me! thanks for talking to - right. all right, goodness me! thanks for talking to us. - right. all right, goodness me! thanks for talking to us. have j thanks for talking to us. have a good day. we'll see you again, soon. here in the uk, we will get the latestjobs data in around 90 minutes time as pressure mounts on the bank of england to join other major banks in cutting interest rates. but economists expect to see wage growth of around 6% in the three months to april — an acceleration which could leave a rate cut less likely over fears of the labour market fuelling inflation. toby fowlston is chief executive of the recruitment company robert walters group. good to have you on bbc news again, tony. so tell us what you're expecting? what will we learn about uk jobs market today? learn about uk “obs market toda ? ,., ., learn about uk “obs market toda ? , ., ., ., learn about uk “obs market toda ? ., , today? good morning, sally. well, it wouldn't _ today? good morning, sally. well, it wouldn't surprise - today? good morning, sally. | well, it wouldn't surprise me to see perhaps a small drop in terms of the number of vacancies, orat terms of the number of vacancies, or at best, terms of the number of vacancies, orat best, it perhaps staying flat. vacancies, or at best, it perhaps staying flat. and from our perhaps staying flat. and from your point _ perhaps staying flat. and from your point of— perhaps staying flat. and from your point of view, _ perhaps staying flat. and from

your point of view, as - perhaps staying flat. and from your point of view, as a - your point of view, as a recruitment company, what are the trends at the moment? well, we're seeing... _ the trends at the moment? well, we're seeing... so _ the trends at the moment? well, we're seeing... so we _ the trends at the moment? well, we're seeing... so we operate . we're seeing... so we operate in the professional services space. we've sort of gone from what was deemed the great resignation coming out of covid in 2021 and 2022, and then we moved into the boomerang — people realised that they needed to work and went back to employers now we've sort of entered this phrase being coined as the "big stay". and it really comes down to just a lack of confidence. a lack of confidence on clients, obviously cost of hiring, and also a particular lack of confidence with candidates, who are obviously seeing what's going on in the world and they are choosing, albeit anecdotally, looking to move the actual physical movement of people. we'rejust the actual physical movement of people. we're just not seeing that happening as it was previously. that happening as it was previously-— that happening as it was reviousl . , ., ., previously. does that mean we're in _ previously. does that mean we're in an _ previously. does that mean we're in an unhealthy - previously. does that mean i we're in an unhealthy position in the ukjobs market? because also, of course, the number that the government is looking at quite closely all the time is the so—called economically inactive — those who are not in

work that could well be in work for various reasons?— for various reasons? yeah. so we've seen — for various reasons? yeah. so we've seen an _ for various reasons? yeah. so we've seen an increase - for various reasons? yeah. so we've seen an increase in - we've seen an increase in long—term sickness in the workplace. i think we're up to 2.8 million in february 2024 were the numbers. down to various reasons — long covid, nhs delays, interest in people working from home and not set “p working from home and not set up properly in term of equipment. so that has increased. so we're also seeing a lack of confidence with candidates who. .. a lack of confidence with candidates who... and let's not forget, they went into the job market in 2021 and 2022. salaries were at a premium. we had inflation. that inflation got to inflection point of around 10%ment and then we started to see that clients couldn't keep up that rate of inflation in terms of real pay. so today what we've got is low unemployment, candidates sat on relatively high salary premiums in the professional services space. why would they move at the moment? so we need confidence to come back. we need to start seeing enter prize businesses hiring and we need to see some stability in the marketplace.—

the marketplace. and, of course. _ the marketplace. and, of course, all— the marketplace. and, of course, all the _ the marketplace. and, of course, all the political. course, all the political parties are talking about this, aren't they? how uk economy will be given a boost post election. we've got the conservative manifesto coming out today. are you hopeful that whatever the outcome of the election, it will mean policies in place that will help to boost uk economy? in place that will help to boost uk econom ? . ., boost uk economy? yeah, i mean, i'll leave the _ boost uk economy? yeah, i mean, i'll leave the politics _ boost uk economy? yeah, i mean, i'll leave the politics to _ i'll leave the politics to politicians. but from a working perspective, firstly we need stability. we need a decision. then we need a government that's going to start looking at how we can encourage workers back in. so examples of that would be greater learning and education. we know there's going to have to be a huge reskilling of the workforce with the increase in al. and actually, we're looking at perhaps half of the professional working force having to reskill by 2030. i think things around how we can support employees as well in terms of cost of living right now are going to be really important. now are going to be really important-_ now are going to be really imortant. . ., _ important. thanks, toby. good to net important. thanks, toby. good to get your _ important. thanks, toby. good to get your take. _

staying in the uk — the lack of affordable housing is a big issue and with an election imminent this problem is getting a lot of attention. the uk has the highest housing costs in the english—speaking world with typically more than a quarter of disposable income spent on housing. so what are the wider issues in the housing sector across the uk and why aren't enough homes being built? here's our economics editor faisal islam. as the cost of living squeeze from energy and food costs starts to settle, there is no such luck with housing. mortgage and rental costs are still rising — the latter by record amounts. this is a long—term issue — basic supply and demand — as you can see at this new housing development in warwickshire. many of these new homes are going forjust over £300,000. that's bang on the average house price in this country. and we can see how that's changed over the past three decades or so — no surprise to see that line going up and up.

what has changed has been the relationship with affordability. back in the late �*90s, five years' worth of annual average income was more than the average house price. now, it's crossed over, the gap is massive and looks very difficult to bridge. it's all about house—building. successive governments over years, over decades, have made big promises on house—building, often not met. this is what's happened for england, over the past ten years, broken down per three—month quarter. a similar pattern across the united kingdom. the conservatives made a promise in 2017, a manifesto commitment in 2019, to meet a target of 300,000 homes per year by the mid—2020s, so that's about 75,000 a quarter. it's only even nearly met in a single quarter, and that's because of a rush on green targets, then it falls quite sharply in the second half of last year. now, the government argues it has met a separate, lower target of a million new homes in the past

parliament, but we don't have the full figures for that yet. the labour party say it will continue that target for the next five years if it wins — 1.5 million new homes over that five—year period. the financial crisis, the pandemic, rising interest rates and inflation all can be blamed, but mass house—building has only historically been done when government funds it, and the parties seem to agree there isn't the money. in the �*60s, local authorities were building a lot of social housing, and that has died down in the �*90s, and without this push, we can never get enough new builds. and then there's planning. yes, 50, planning permission has therefore been refused. up and down the country, in lengthy councillors' meetings just like these, now recorded on council websites... applause. ..there are the familiar sight and sound of new homes not being built, planning permission refused repeatedly. the two main parties do differ here.

labour says it's willing to build on specific areas of the green belt that are not so green they call the grey belt. ultimately, both for buying and renting, supply not responding to demand means higher housing costs, the most enduring aspect of the cost of living crisis. around the world and across the uk. this is bbc news.

singapore airlines has set aside more than a million dollars in compensation for the injured passengers of a flight which suffered severe turbulence last month while flying from london to singapore. the flight diverted to bangkok. at the time passengers recounted scenes of "absolute terror" and one british passenger died from a suspected heart attack

during the incident. live now to nick marsh in our asia business hub. tell us more about the offer. what does it mean to the passengers?— what does it mean to the ”asseners? ,, ., ~ , passengers? sing apore airlines have off offered _ passengers? sing apore airlines have off offered $10,000 - passengers? sing apore airlines have off offered $10,000 to - have off offered $10,000 to each passenger who received minor injuries. i've reached out to singapore airlines and asked — firstly, what does minor mean and how many passengers are we talking about? they haven't responded as of yet. i'll keep you updated when they do. but we do know that more than a hundred people were treated in hospital after that flight diverted to bangkok following that turbulence. so we're talking about at least a hundred people entitled to this $10,000. for people who sustained more severe injuries, they've been offered an initial advance payment of $25,000 us. and that's actually subject to negotiation depending on how bad your injuries were. in

terms of the actual flight, sally, i'll remind people watching what happened. it was a flight from london to singapore. it hit really bad turbulence over myanmar. the plane dropped 178 feet — more than 50 metres in less than five seconds. when through all kinds of g—force changes. people said it was an absolutely terrifying experience. one man, obviously, sadly died. and bad news for singapore airlines who had been doing really well financially up doing really well financially up to then. now they'll have to she“ up to then. now they'll have to shell out all of the compensation money. 0k, compensation money. ok, thank you for the latest. the oil giant, bp, has tightened its rules on workplace relationships after its former boss was dismissed for failing to disclose details about his personal relationships with colleagues. senior managers must now report any intimate relationships that have taken place with colleagues in the last three years. with more, here's david waddell. bp's chief executive was sacked

in december, accused of certificate yours misconduct —— serious misconduct. he lost his jobs along with millions of pounds of share allowances and bonuses. in december, the firm accused its former boss of providing inaccurate assurances as part of 2022 investigation. they said he knowingly misled the board. at the time, mr luney said he was disappointed with the way the situation had been handled. this week, bp said it had updated its conflict of interest policy after looking at comparable organisations and good industry practice. previously, employees were only required to disclose and record family or intimate relationships at work if they felt there could be a conflict of interest. but this policy goes much wider. about 4,500 managers have been asked to submit any reports in the next three months whether or not they feel they represent a conflict of interest. the company said the changes reflect the influ especially that leaders have, and any

failure of compliance could lead to disciplinary action. the chartered institute of personnel and development said that any relationships between managers and employees would be a clear conflict of interest, and should be reported as they could create risks around confidentiality and fairness. now will you be popping out for a run after this programme? maybe you are on the treadmill now. this week in the uk, it is bike week, and many use one of a number of fitness apps to track progress against goals when they're doing such activities. so the fitness world has delivered a number of devices and apps to allow users to take part in a growing community. strava is one of them. it currently has 120 million users around the world. joining me now is the company's ceo michael martin. i assume that you are a strava user. i

i assume that you are a strava user. ., ., i assume that you are a strava user. . ., , ., user. i am, i have been for the last seven _ user. i am, i have been for the last seven years _ user. i am, i have been for the last seven years what - user. i am, i have been for the last seven years what is - user. i am, i have been for the last seven years what is that? l last seven years what is that? running, hiking, cycling? soi primarily go on runs, often with my dog, as well as walks, swims and cycling.— swims and cycling. ok, this week is bike _ swims and cycling. ok, this week is bike week- swims and cycling. ok, this week is bike week in - swims and cycling. ok, this week is bike week in uk. i swims and cycling. ok, this i week is bike week in uk. the whole point of is to encourage people on to their bikes, to change their transport option from maybe going in a car to cycling. that kind of thing, increasing health, wellbeing. do you see... do you notice a difference during the weeks in strava. do you see a surge of activity? strava. do you see a surge of activi ? ~ ., ., ., activity? we do, although those surues activity? we do, although those surges during — activity? we do, although those surges during weeks _ activity? we do, although those surges during weeks like - activity? we do, although those surges during weeks like this i surges during weeks like this are actually relatively minor versus the overall trends in growth on cycling overall. specifically in the uk and also specifically to commute. ok. specifically to commute. 0k, and 'ust specifically to commute. 0k, and just talk _ specifically to commute. 0k, and just talk us _ specifically to commute. ok, and just talk us through how artificial intelligence is changing what you offer? i presume you're going to be moving in that direction? absolutely. one of the things that we announced recently is

our first products using ai. i've worked with artificial intelligence and machine learning for almost a decade now. i've never been particularly interested in the novelty of the technology, but i've been amazed by its ability to solve real problems. and combining artificial intelligence with the world's. .. intelligence with the world's... with the data from the world's largest active community, i believe is going to unlock new types of motivation and get more people on their bikes more frequently. so, it's a win—win from your perspective. there are those who say that there are cheats on strava. this is something i've been hearing, in the sense that you've got your leaderboards and it can be quite competitive in terms of who's the fastest on a particular route, etc. how do you counter that? how do you make sure that someone is genuine in terms of the data that they're putting in? that's a problem _ that they're putting in? that's a problem that _ that they're putting in? that's a problem that strava - that they're putting in? that's a problem that strava has - a problem that strava has frankly had for quite a while. it's one of the most requested fixes that the community has asked for. and given my

background in tech, it's actually a perfect example of a problem that al is suited to solve. before it was very, very difficult to actually discern with great precision and accuracy what was a false record versus somebody who was just doing better than everybody else. but that is tailor made for artificial intelligence, and that was one of the other announcements that we made recently. that's the second way that we're going to be deploying ai second way that we're going to be deploying al to help people on strava. ., . , be deploying al to help people on strava-— on strava. how many of your users are — on strava. how many of your users are free _ on strava. how many of your users are free users? - on strava. how many of your users are free users? and i on strava. how many of your i users are free users? and how many are on paying you a subscription? what's the percentage? brute subscription? what's the percentage?— subscription? what's the ”ercentae? ~ ., �* ,. percentage? we don't disclose that. but percentage? we don't disclose that- but i _ percentage? we don't disclose that. but | will _ percentage? we don't disclose that. but i will say _ percentage? we don't disclose that. but i will say that - percentage? we don't disclose that. but i will say that we've i that. but i will say that we've been seeing growth, both in terms of the free usage, but also growth in terms of our subscriber base and we're really excited. that growth has continued following the pandemic. and it's actually accelerated within the last year. accelerated within the last ear. �* , ., ., year. and i understand that ou're year. and i understand that you're moving _ year. and i understand that you're moving to _ year. and i understand that you're moving to try - year. and i understand that you're moving to try to -

you're moving to try to encourage more women to use so what's the plan from that point of view? ~ , ,., , ., of view? absolutely. the women are under pen — of view? absolutely. the women are under pen rated _ of view? absolutely. the women are under pen rated in _ of view? absolutely. the women are under pen rated in terms - of view? absolutely. the women are under pen rated in terms of. are under pen rated in terms of their activity in sport overall. and i believe that strava has a true opportunity here to actually make sport more inclusive, specifically for herself. so we've announced a number of features intended to help with some of the challenges that she has, specifically things that would allow women to feel more safe as they go for a run or for a ride. give them more control of the information that they share. and i think that's going to be great for them. we're seeing the early data right now. just this year in the uk, for the last six months, we're seeing womenjoin strava for the last six months, we're seeing women join strava at twice the rate of last year. but then i think that those tools and those capabilities will also broadly applicable to others in the flat for as well. 0k, others in the flat for as well. ok, interesting ——on the platform as well. ok, interesting. thank you for joining us on the programme. thank you. thank you.

thankyou. thank ou. ., �* thank you. so whatever you're u . thank you. so whatever you're u- to thank you. so whatever you're up to today. — thank you. so whatever you're up to today, maybe _ thank you. so whatever you're up to today, maybe you're - thank you. so whatever you're i up to today, maybe you're going on your bike or going for a run — enjoy. thank you for your company. i'll see you soon. hello, there. for most of us, it has been a disappointing start to the week, in terms of the weather. a frequent rash of showers, particularly across scotland, gusts of winds coming from the north, and in excess of 30 mph, at times. temperatures struggled to get into double figures, but it was a slightly different story, further south and west. just look at anglesey — beautiful afternoon, lots of sunshine and temperatures peaked at around 18 or 19 degrees. high pressure is continuing to nudge its way in from the west, so west will be best, through the course of tuesday. there's still likely to be a few showers around, but hopefully few and further between. most frequent showers, certainly, are going to be across eastern scotland and down through eastern england. so, sunny spells and

scattered showers going into the afternoon. that will have an impact with the temperature, 14 or 15 degrees, but again, with a little more shelter, a little more sunshine, 17 or 18 celsius not out of the question. a few scattered showers moving their way through northern ireland and scotland. hopefully, some of these will ease through the afternoon, but you can see those temperatures still really struggling — ten to 15 degrees at the very best. now, as we move out of tuesday into wednesday, this little ridge of high pressure will continue to kill off the showers. so, wednesday is likely to be the driest day of the week — and make the most of it — there's more rain to come, but it will be a pretty chilly start, once again, to wednesday morning. single figures right across the country, low single figures in rural spots. but, hopefully, the showers should be a little bit few and further between and more favoured spots for those showers, once again, to the east of the pennines. more sunshine out to the west. temperatures, generally, similar values to what we've seen all week, 10 to 18 degrees

the high, but the wind direction will start to change, as we move into thursday. unfortunately, towards the end of the week, this low pressure will take over. we'll see further spells of rain at times, some of it heavy. but the wind direction will play its part, a little — a south—westerly wind means that we will see temperatures climbing a degree or so. don't expect anything too significant, because we've got the cloud and the rain around. but it's not out of the question that across eastern and southeast england, we could see highs of 20 celsius. take care.

good morning welcome to breakfast withjon kay and sally nugent, our headlines today.

a promise to cut another two pence from national insurance — as the conservatives launch their general election manifesto. labour say the prime minister is desperate good morning from taunton in somerset, one of the new constituencies in this election. we have been talking to voters about what matters to them most and whether they have decided where they will be putting their cross on the 4th ofjuly. former rugby union player ed slater pays tribute to rob burrow — and says thank you for supporting people with motor neurone disease. in sport, scotland are already there. now, after a royal send—off england are, too. gareth southgate's squad arrive at their euros base in germany with the tournament starting on friday. good morning. we are seeing some sunshine today but generally there will be a lot of cloud, some showers. showers especially in

eastern areas and it