investors' 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 $3 trillion mark. now investors want to see those huge investments in al pay off. 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 a nalysts. but another headline overshadowed it. microsoft's azure cloud service, the engine behind many of microsoft's services, posted a slowdown in growth, and that was enough to initially sent shares down and that was enough to initially send shares down some 7% in after—hours trading. the ai disappointment factor wasn't contained to just one company.

the session saw a wider tech 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. delta said earlier this week that it had hired super lawyer david boys to seek $350 billion in damages from crowdstrike and microsoft. earlier tuesday outages on azure 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.

amazon must improve its process. they said amazon's alerts were not sufficient to convince its customers to stop using such products and all of the company to submit a new plan to how it will respond. the decision came after the agency issued the e—commerce giant in 2021 for distributing more than 400,000 hazardous items. amazon said it planned to appeal that finding. 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. in asia, we turn to the bank ofjapan, and its latest

decision on interest rates, due later today. 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 ofjapan and its monetary policy committee is considering the possibility of raising interest rates to 25 basis points, and also to curbing or slowing down the purchases of jjbs going into next year. 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 ofjapan 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 wages pick up, we should expect to see an increase in consumption patterns going forward, and that is our view as well. so 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 do you make of increasing worry in terms of the volatile yen, raising fears that it could increase costs of import and 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 hear earlier this month that the prime minister already gave comments about the yen being too weak and possibly

that 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 that services come off, and i think it is some of the committee's members�*s views, if they move today it could help solidify the case for a stronger yen, albeit our general view is this will be a gradual appreciation, not something that would see it go up say 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 is 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 bode quite well for the japanese economy and stocks moving forward. we also heard from china's top political leaders on tuesday, the politburo outlined new plans to boost growth, aimed largely at consumers and not businesses. according to the politburo, their focus is on staring according to the politburo, their focus is on spurring 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. 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". it's not exactly 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 people know that you've become homeless, you become what i call a nonperson. you no longer have any value in people's lives. when mary's landlord evicted her, she couldn't find anywhere else to live that she could afford on her pension. 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 with alzheinmer�*s. he doesn't know she's living like this. he would be horrified, absolutely mortified. what's the hardest thing about sleeping and living in yourcar? the loneliness, i think. you know, you've got no tv, you got no neighbours to say hi to you. people oftenjust give you the side—eye, and think, "oh, god, notanother

one", just walk away. older women are the fastest growing group of homeless people in australia. domestic violence also drives numbers up. but there's 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. we are seeing 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 have come to perth 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 registered nurse who was evicted after she crashed her car. i ended up losing myjob. it took a while for people to realise that i was homeless. because i didn't look homeless. gradually, overtime, you get so used to the street that you lose yourself a bit.

michelle admits 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. stay with bbc news.

i'm lola with the catch up. more gold for team gb. bella hadid speaks out, and goodbye brat summer, and hello to bat summer. first to the olympics, another gold for team gb with shooter nathan hels winning in the men's 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 enough for the race 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 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 in 1972 munich 0lympics, when 11 israeli athletes were killed in an attack by a palestinian militant group. hadid, 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 for more diverse representation. time now for ten seconds of bat summer. yes, you heard right. a bat who

got into a couple's holiday luggage after a trip to the highlands. the bat is called raspberry and 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,