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tv   Business Today  BBC News  July 31, 2024 12:30am-12:45am BST

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investors' confidence has sent indexes to investors�* confidence has sent indexes to record high after record high. some tech giants, especially those working on al, have been duking it out for the title of most valuable company. some including in video and microsoft and apple have hit the $3 trillion mark. now investors want to see us pay off. icrosoft reporting quarterly earnings, there is good news in their — stronger earnings than predicted. another headline overshadowed it — microsoft's service posted a slowdown in growth, and that was enough to send shares down. the ai disappointment factor was not contained one company. the sessions all wider tech well off with a in video down
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7%, mop marking at 2% low. —— nvidia. microsoft has been in the news plenty this month. a faulty software update led to a global outage of microsoft systems, causing millions of computers to crash. delta said it had hired super lawyer david boyce to seek $500 million in damages. earlier tuesday, outages on microsoft 365 and azure druck. —— struck. now, microsoft has since apologised after that new outage on tuesday, after thousands of people across the world reported problems with its products, as erin mentioned. according to updates from the company. starbucks also reported
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its quarterly results, which showed a slump in sales amid weaker demand at both its domestic and international cafes. same—store sales fell both in the us and internationally, with china logging the biggest decline of 14%. stiff competition from local cafes and coffee shops have become more appealing given the lower price offerings for their beverages. does love is recalling more than 1.8 million vehicles to fix an issue with on latch bonnets. in a recall notice, us safety regulators said a flood meant the cars might not be able to detect and alert drivers when the front cover piece is unlatched, risking it flying fully open with the car starts moving. tesla started investigating the problem in march after complaints emerged in china, where it was
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manufactured. us regulators ruled amazon was responsible for handling products... the decision by the us consumer product safety commission came after the agency sued the e—commerce giant in 2021 from distributing more than 400,000 hazardous items. i was on said it planned to appeal. in asia, we turn to the bank of japan and its latest decision on interest rates due later this morning. inflation and a weak currency suggest that the central bank could soon move further away from a policy of ultra—low interest rates and purchases of stocks and bonds to support the economy. in march, the b0] raised rates for the first time in 17 years. 0ur guest, kei 0kamura, portfolio manager at neuberger berman in tokyo joins us to discuss the economic
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0ur guest, kei 0kamura, portfolio manager at laid ou tthe implications of today's decision. laid ou the implications of today's decision. we did get some leaks that they are considering raising rates to 25 points and curving the purchases. the story is that it is considering this height in this meeting, which i think to some participants would come as a surprise. if you think about why the bank ofjapan is think of this, i think may start to make sense. stable inflation, i think is a good thing, and we are starting to think consumption is picking up into the point as wages pick—up. we should expect to see
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we should expect to see this pick up. could be earlier than some him to anticipated, but i think that is a very key point. that could be one factor driving this. we did here earlier this month that the prime minister comments on the yen being too weak. 0f prime minister comments on the yen being too weak. of course, as we look at the daily living and the cost of injapan recently, as been going up as a result of the last several weeks. we started to see that come off in a... i think it is
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in some members�* views, that could solidify the case for a stronger... although our general view is that this would be a gradual appreciation that we would see the yen go up. coming hours ahead of the fed�*s decision. i do see this? i think will be key is the... this will start to compress over time and as a result, we should expect to see the yen normalised somewhere around 140-145. i think this is something that will bode well for the japanese economy and stocks going further. we for the japanese economy and stocks going further.— stocks going further. we also heard from — stocks going further. we also heard from china's _ stocks going further. we also heard from china's stock - heard from china�*s stock political you leaders. to they spoke of plans to boost growth and their focus is spoke of plans to boost growth and theirfocus is now spoke of plans to boost growth and their focus is now on spurring domestic demand. they also highlighted the service
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sector as a good starting point with plans to wrap up spending and culture and tourism. pushing post spiralling cost for all host cities. paris is likely managed to keep its costs under $10 billion and was one of the few cities to have bid, many say the expenses not working that. an analysis explained why the city has managed to keep costs from spiralling. the city has managed to keep costs from spiralling.— from spiralling. the paris olympics _ from spiralling. the paris olympics actually - from spiralling. the paris olympics actually might l 0lympics actually might represent a return to sanity. looks like paris will be the first 0lympics since sid need to keep the costs under $10 billion. mind you, we�*re still talking about fairly hefty subsidies from local taxpayers to make that happen, but it�*s a
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fraction of the amount that�*s come out of local government�*s pockets compared to the events over the last couple decades. clearly, they�*re doing something right. we also talk about this inability. what will be learning first futures cities to host the olympic? the ioc has become _ cities to host the olympic? the ioc has become a _ cities to host the olympic? iie: ioc has become a partner cities to host the olympic? tie: ioc has become a partner in trying to promote both environmental sustainability, but also economic sustainability. the ioc got a wake—up call when the city after city after city dropped out of the bidding for both this paris 0lympics out of the bidding for both this paris olympics and the beijing olympics. faced with the prospect that you wouldn�*t have any cities hosting these events. the ioc said they better make this a much better deal financially. better make this a much better dealfinancially. i better make this a much better deal financially.— deal financially. i know you s - oke deal financially. i know you spoke about _ deal financially. i know you spoke about was _
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deal financially. i know you spoke about was in - deal financially. i know you spoke about was in the - deal financially. i know you i spoke about was in the past, but do you think there�*s an argument of maybe having a few select cities. do you have there could be a feasible option. there could be a feasible 0 tion. , ., there could be a feasible otion. , ., , , option. one is not pushing these venues _ option. one is not pushing these venues in _ option. one is not pushing - these venues in top-of-the-line these venues in top—of—the—line luxurious accommodations for all the officials and athletes, but too much other —— two other ways. 0r but too much other —— two other ways. or you could expand the footprint of the games. we are seeing that with some salt. —— soccer games. amidst as far as 0klahoma soccer games. amidst as far as oklahoma for some of the events.
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you can always log into the bbc news website for all the olympic updates. stay with bbc 0lympic updates. stay with bbc news and thanks for watching.
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hey, i�*m lola with the catch up tonight. more goal for team gb. bella hadid speaks out and goodbye brat. summer and hello to bat summer. firstly the olympics — another goal for team gb with shooter nathan hales winning in the men�*s trap. superstar simone biles made her mark with team usa, winning gold in the gymnastics women�*s team event. in other 0lympic news, the men�*s triathlon was postponed on tuesday as the river senne was not as the river seine was not clean enough for the race to take place, but one competitor is willing to go to extreme lengths to compete. the usa�* seth rider says he�*s
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exposing himself to a bit of e.coli every day to deal with the sans e coli exposure. some other stories now — bella hadid has spoken out after starring in an adidas campaign. the campaign for the sl 72 trainers was criticised as it referenced the 1972 munich 0lympics, when 11 israeli athletes were killed in an attack by a palestinian militant group. hadid, who�*s half palestinian, says she was shocked and disappointed in the lack of sensitivity that went into the campaign. and love island has made history. mimmi and josh have become the first black couple to win the show in the uk. they took away the £50,000 prize and say they hope their victory will set the pace for more diverse representation. time now for 10 seconds of bat summer. yes, you heard right. not a brat summer, but a bat who got into a couple�*s holiday
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luggage after a trip to the highlands. the bat�*s called raspberry and has been nursed back to full health. you�*re all caught up now. have a great night. hello and welcome to sportsday. i�*m hugh ferris. our top stories. simone shines again — as biles guides team usa to victory in the gymnastics — winning herfifth 0lympic title. andy murray�*s hopes of a third olympic gold are still alive, as are rafa nadal�*s, as both extend their career for a further match at least by reaching the doubles quarter—finals. and history in the pool as daniel wiffin becomes the first athlete from northern ireland to win an olympic gold since 1988.
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hello again. the most decorated gymnast of all time has just added gold medal numberfive to her 0lympic haul. simone biles won the other four at her debut games in rio, when she emerged as the sport�*s great superstar. three years ago came the dramatic �*twisties�*, a sudden failure in spacial awareness that led to her withdrawing to protect her mental health. but now, on her so—called redemption tour, she has led the usa to another gold in the all around team event at paris 2024. in the all around team biles impressed on all four rotations at the bercy arena, consistently amongst the leading scorers through all the disciplines, and the result was all but secured as she completed herfinal rotation on the floor. team usa have now won this event in three of the last four games, with the only silver
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following biles�* withdrawal three years ago, while she has now won a staggering 38 medals overall.

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