investors's confidence in the tech sector has investors�*s confidence in the tech sector has sent the major us stock indexes to record high after record high this year. some of the tech giants, especially those working on artificial intelligence technology and products have been duking it out for the title of most valuable company. some, including nvidia, microsoft and apple have hit the tree million dollar mark. now investors want to see those huge investments in al pay r. microsoft reporting quarterly earnings after tuesday's closing bell and there was good news in there. stronger earnings and revenue than had been predicted by analysts. but another headline overshadowed it. microsoft's is your cloud service, the engine behind many of microsoft's services, posted a slowdown in growth, and that was enough to initially sent shares down some 7% in after—hours trading. the ai disappointment factor wasn't content to just one company.

the session saw a wider tech sell—out —— sell—off with nvidia down 2%. the nasdaq more than 1%. last week, some disappointing results from tesla and alphabet led to a quick but intense sell—off. microsoft has been in the news plenty this month. a faulty software update from crowdstrike led to a global outage of microsoft systems, closing millions of systems to crash. david moyes has been hired to seat 350 in damages, from crowdstrike and microsoft. earlier tuesday outages on as you are and microsoft 365 affected services from outlook e—mail to the hit game minecraft to starbucks mobile ordering. 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. the issues appeared to be mostly resolved by the evening, according to updates from the company. south korean tech giant samsung electronics reported

a 15—fold rise in operating profit for the april to june quarter to over $7.5 billion. that was largely in line with its guidance provided earlier injuly. the solid result was driven largely by the ai boom, which has boosted demand for its advanced memory chips. starbucks also reported its quarterly results, which showed a slump in sales, amid weaker demand and tighter consumer purse strings. 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. in asia, we turn to the bank ofjapan, and its latest decision on interest rates, due wednesday. 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 bank ofjapan raised rates for the first time in 17 years. kei 0kamura, portfolio manager at neuberger berman in tokyo laid out the economic implications of today's decision. well, we did get some news, or some leaks several hours ago, suggesting that the bank of japan and its monetary policy committee is considering the policy —— possibility of raising interest rates to 25 basis points, and also to curbing or slowing down the purchases going into next year ofjgbs. the story is that the bank of japan ofjgbs. the story is that the bank ofjapan is considering this rate hike, which to some market participants would come as a surprise. albeit, if you think about why the bank of japan is thinking about this, i think it may start to make sense. the fact that we have been seeing stable inflation is a good thing, and at the same

time we are starting to see that consumption is picking up, and that going into the next several months, as we just pick up, we should expect to see an increase in consumption patterns going forward, and thatis patterns going forward, and that is our view as well. for the bank ofjapan to begin moving on interest rates in this meeting, could be a little bit earlier than what some had anticipated, but it is not completely out of left field. what you make of increasing worry in terms of the volatile yen, that it could increase costs of import and that is the impact it is likely to have? it could be one of the factors driving some of the policy committee members to discuss this more proactively in this meeting about the possibility of raising interest rates. we did here earlier this month that the prime minister already gave comments about the yen being too weak and possibly dampening consumption patterns, and of course, you know, as we look at the daily living, and the cost of it injapan

recently, it has been going up as a result of the weak yen. we have seen some of those services come off, and i think it is some of the committee's members�*s views, if they move todayit members�*s views, if they move today it could solidify the case for a stronger yen, albeit our general view as this will be a gradual appreciation, not something that would go up say 100 us dollars overnight. the decision coming _ 100 us dollars overnight. the decision coming hours ahead of the fed's decision. how do you see the central banks are aligning in terms of policy? what will be key going forward as the interest rate differentials between the two markets, and this will start to compress over time, and as a result we should anticipate to see the yen normalise somewhere around 140 to 145, that is what many of our investment companies are looking at and this is something that will go well for the japanese economy and stocks moving forward. we also heard _ and stocks moving forward. we also heard from china's top political leaders on tuesday,

the politburo outlined new plans aimed largely at consumers and not businesses. according to the politburo, their focus is on staring domestic demand. they highlighted the services sector as a good starting point, with plans to ramp up spending on tourism, elderly care and childhood care and household sectors. australia is in the grip of a housing crisis. rents have soared and with that, demand for homelessness services are rising too. on any given night in australia, as many as 122,000 people are now homeless. rents have been rising the fastest in western australia — 20% in the past year alone — which also happens to be the wealthiest part of the country — so where's it gone wrong? 0ur australia correspondent katy watson reports from perth. i don't want to face the humiliation of being termed

"homeless".— humiliation of being termed "homeless". it's not exactly home sweet _ "homeless". it's not exactly home sweet home, - "homeless". it's not exactly home sweet home, but - "homeless". it's not exactly home sweet home, but it i "homeless". it's not exactlyj home sweet home, but it is "homeless". it's not exactly i home sweet home, but it is all 71—year—old mary has got. mary is not her real name. she is too ashamed about her situation, nine months living in this battered car. the moment _ in this battered car. the moment people - in this battered car. the moment people know. in this battered car. tie: moment people know that you've become homeless, you become what i call a nonperson. you no longer have any value in people's lives.— longer have any value in people's lives. gwen berry's landlord evicted _ people's lives. gwen berry's landlord evicted her, - people's lives. gwen berry's landlord evicted her, she i landlord evicted her, she couldn't find anywhere else to live that she could afford on her pension. —— when mary's landlord. every day now is the same. her love of books offers an escape from reality. if she's lucky, mary gets a few days of respite care but there is no guarantee. her husband is in a care home without sinus. know she's living like this. he would be _ know she's living like this. he: would be horrified, absolutely mortified. ~ . v would be horrified, absolutely mortified. ~ . �*, ., , mortified. what's the hardest thin . mortified. what's the hardest thing about — mortified. what's the hardest thing about sleeping - mortified. what's the hardest thing about sleeping and - mortified. what's the hardestl thing about sleeping and living in your car? the thing about sleeping and living in your car?— in your car? the loneliness, i think. in your car? the loneliness, i think- you — in your car? the loneliness, i think. you know, _ in your car? the loneliness, i think. you know, you've - in your car? the loneliness, i think. you know, you've got| in your car? the loneliness, i l think. you know, you've got no tv, you got no neighbours to say hi to you. people often

just give you the side out, and think, oh, god, notanother one, just walk away. think, oh, god, not another one, just walk away.- one, just walk away. older women are _ one, just walk away. older women are the _ one, just walk away. older women are the fastest - one, just walk away. older - women are the fastest growing group of homeless people in australia. domestic violence also drives numbers up. but there something else happening. in recent years, soaring house prices have killed many people's dream of getting on the property ladder. underinvestment in social housing and a growing population mean finding somewhere affordable to rent can be a challenge. it has created a new face of homelessness.- created a new face of homelessness. ~ . , homelessness. we are seeing older people. _ homelessness. we are seeing older people, working - homelessness. we are seeing i older people, working families, individuals who are working that simply can't afford to keep a roof over their head. a single trigger can push people into homelessness, and there really is very few options for them and they don't know where to start. we them and they don't know where to start. ~ ., _, ., to start. we have come to perth because this _ to start. we have come to perth because this is _ to start. we have come to perth because this is where _ to start. we have come to perth because this is where the - to start. we have come to perth because this is where the rents| because this is where the rents have been rising the fastest, but unaffordable housing, struggling just to find a place to live, these are issues that australians are facing across the country. it's a crisis that

everyone is talking about. as evening falls in the richest part of australia, these queues for free food are getting longer. every night, different charities come down here to help. as winter sets in, clothes donations are in high demand. there is also a laundry service, a mobile doctor's surgery and a hairdresser. the street chaplains are working tonight too, giving out food to those sleeping rough. just a few months ago michelle was one of them. a nurse who was evicted after she got arrested, crashed her car. j evicted after she got arrested, crashed her car.— crashed her car. i ended up losin: crashed her car. i ended up losing my _ crashed her car. i ended up losing my job- _ crashed her car. i ended up losing my job. it _ crashed her car. i ended up losing my job. it took - crashed her car. i ended up losing my job. it took a - crashed her car. i ended up i losing my job. it took a while losing myjob. it took a while for people to realise that i was homeless. because i didn't look homeless.— look homeless. gradually over time he gets _ look homeless. gradually over time he gets used _ look homeless. gradually over time he gets used to - look homeless. gradually over time he gets used to the - look homeless. gradually over| time he gets used to the street that you — time he gets used to the street that you lose yourself a bit. shall — that you lose yourself a bit. shall admit she got lucky but with no solution to australian's housing crisis,

many more will be finding themselves in a desperate situation they never expected. that is all for now. thanks for watching.

hello and welcome to sportsday. iam i am lola with the catch up. more gold for team gb. bella hadid speaks out and get by brats, and hello to pat sommer. first of the olympics, another gold for team gb with shooter nathan hell's winning in immense trap. superstar simone biles made her mark with team usa winning gold. in other 0lympic news, the men's triathlon was postponed on tuesday as the river seine was not clean and for the rest of take place, but one competitor is willing to go to extreme

lengths to compete. the usa's seth rider says he is exposing himself to a bit of e. coli every day to deal with the river seine's e. coli exposure. some of the now. bella hadid has spoken out after starring in an adidas campaign. the campaignforthe sl in an adidas campaign. the campaign for the sl 72 trainers was criticised, as as referenced in 1972 munich 0lympics, when 11 israeli athletes were killed in an attack by a palestinian militant group. had eade, who is half palestinian, said she was shocked and disappointed in the lack of sensitivity that went into the campaign. and love island has made history. mimi 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 of a more diverse representation. time now for ten seconds of that summer. ——

bat, a bat got into a couple's holiday luggage. it has been nursed back to full health. you are 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 wiffen becomes the first athlete from northern ireland to win an olympic gold since 1988.

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's led the usa to another gold in the all around team event at paris 2024. 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 her final rotation on the floor. team usa have now won this event in three of the last four games, with the only silver following biles' withdrawal, three years ago, while she has now won a staggering 38 global medals overall, with even her

opponents calling the american an unrivalled "queen" of gymnastics.