hello and welcome to business today. i'm suanjana tewari. we begin in the us, where earnings season is in full swing. it was quite a turnaround for disney, as the house of mouse's streaming business turned profitable for the first time ever. the bbc�*s north america business correspondent michelle fleury has all the details from new york. yes, what a difference a year makes. disney's combined streaming businesses made a quarterly loss of more than 500,000,012 months ago. today, it made a profit of 47 million. boosted by the success of inside out two, now the highest grossing animated film of all time. and also by charging its subscribers more. we should note that while its overall streaming business made money,

disney+ and hulu are still in the red. it's the sports subscription business that is driving the profit. still it is a stunning turn around given complaints levelled at disney in recent years, that its media business was weighing it down. as evidence, investors point to the decline in its traditional tv business, box office flops and streaming loss. 0nly its park and resorts divisions were doing well. it all came to a head this year and a prox or battle who complained that disney was in decline. well, disney won that fight, and itjust scored another hit with its second—quarter earnings showing that it streaming businesses making money. ahead of the timeframe that it set itself. but it is not all good news with consumer demand moderating its parks and resorts businesses are under pressure.

and a subscriber growth is plateauing for all streaming services, disney will need to wring more money out of its existing customers as it seeks to maintain its momentum. 0ur correspondent explained to me why it remains at the top —— the business is going a bit better than expected, espn is going better than expected. the real disappointment here it comes from the park �*s business. now the parts business, they warned was going to be leaked last quarter, but it continued to suffer revenues missed by 3% and profits by a little bit more, actually, and then they guided that parks business to be flat, essentially for the next several quarters. and that is really fuelling the flames of

concerns about macro slowdown, particularly in the us. some of it is due to disneyland paris, which will come back. we've had weak numbers from tripadvisor, this is really fuelling the flames for concerns. they cited that they are seeing low income households being particularly under stress. that's the biggest driver for the foreign half percent fall in the today is. . , . ., half percent fall in the today is. . , ., ., ., , half percent fall in the today is. trading platform robin hood to led is. trading platform robin hood toppled expectations _ is. trading platform robin hood toppled expectations after - toppled expectations after renewed interest in neem stocks and crypto currencies. the app which is popular with retail investors saw a resurgence in after which reignited interest in shares, revenues rose nearly

70% to more than $300 million last quarter, sending the stock up last quarter, sending the stock up 3% in after—hours trading. a us federal court ruled this week that google violated antitrust laws that its monopoly over search was illegal. —— google says it will appeal the ruling. the case hinged on charges that the search giant used its dominant market position to crush potential rivals. our next guest says the ruling is a warning shot to other big tech that us regulators are watching very closely for any moves that would curb competition. antitrust law expert, rebecca haw allensworth told me why she thinks that might not be the case. is thinks that might not be the case. , , ., ., case. is the temperature of thins case. is the temperature of things right _ case. is the temperature of things right now, _ case. is the temperature of things right now, you - case. is the temperature ofl things right now, you know? case. is the temperature of- things right now, you know? we know this is what one judge thinks of a case against big tech. i think it's likely to be kind of a sign of how other courts would view similar arguments. the biden administration has for other

currently pending against tech in america. this case leaves bread comes for those cases, holdings on market definition, something �*s about barriers to entry, but i think while not presidential would be relevant to those cases.— to those cases. what does the coal of to those cases. what does the goal of the — to those cases. what does the goal of the regulators? - to those cases. what does the goal of the regulators? do - to those cases. what does the | goal of the regulators? do you see them trying to break up these massive tech companies? i think that's extremely unlikely, at least in this case, there is a monopolisation case, there is a monopolisation case pending against meta for its acquisition of instagram backin its acquisition of instagram back in 2012. that would be a different case where maybe a break—up might make sense, you one company and its its own property. google isn't like that at least the allegations in this case don't really have to do with google using different parts of its country on —— company unlawfully so i think that's unlikely. what's more likely is an injunction, not allowing them to engage in the kind of exclusive dealing contracts that are the heart of this case. in the end that

might mean that users have a choice screen when they search on their devices when they want a new search engine.— a new search engine. there are re orts a new search engine. there are reports that — a new search engine. there are reports that apple _ a new search engine. there are reports that apple could - a new search engine. there are reports that apple could lose . reports that apple could lose up reports that apple could lose up to $20 million in a result of this ruling. how does it work now that the ruling has come in and how soon might we see any changes in the business?— see any changes in the business? this case has persuaded _ business? this case has persuaded really - business? this case has| persuaded really slowly. business? this case has i persuaded really slowly. it business? this case has - persuaded really slowly. it was the trump administration at first brought this case. it's been going for five years. we have no ruling still, so the decision that came down on monday wasjust about decision that came down on monday was just about the liability. there will be a whole new set of proceedings, hearings, argument about remedy that will probably start this fall. it could be months and perhaps even up to a year before we know the remedy and there will also be an appeal. whatever the court says google has to do in the remedy phase is likely to be stated during those appeals. so it could literally be years before google is actually ordered to do anything different. i think the real value of this case is

the real value of this case is the precedent that it sets. it is kind of the forward—looking way in which businesses will think about this case and what they can do in the future. it is really interesting as well because the west seems to really be cracking down on these big tech companies now through these legal cases. in china, the government seems to sort of pause and say that the companies need to improve their rules. briefly, can you tell me what the solution is to these tech companies having so much influence?— influence? the answer is competition. _ influence? the answer is competition. we - influence? the answer is competition. we just - influence? the answer is competition. we just let | influence? the answer is - competition. we just let people all with the appropriate rules of the road compete for consumers and that is the best way to get to innovation and i think antitrust law and it seems like this is necessary to ensure that kind of competition. ensure that kind of com etition. ~ . competition. meanwhile, the -o - ular competition. meanwhile, the popular messaging _ competition. meanwhile, the popular messaging app - competition. meanwhile, the popular messaging app has l competition. meanwhile, the - popular messaging app has seen a surge in users in the wake of the unrest in the uk.

counterterrorism groups, tech against terrorism issued a warning on wednesday saying far right extremists were using the platform to organise the riots and violence we have seen erupt in the uk. a telegram group consisting of 15,000 far right members has now been removed. the garment factories in bangladesh which supplied major brands such as zara have reopened after days of shutdown due to the ongoing protest and violence that ousted the government. bangladesh is the third largest exporter of clothing in the world and the sector is crucial for the economy as it attempts to rebuild. the bbc�*s correspondent reports. it’s rebuild. the bbc's correspondent reports. it's the lifeline of _ correspondent reports. it's the lifeline of the _ correspondent reports. it's the lifeline of the economy. - correspondent reports. it's the lifeline of the economy. the i lifeline of the economy. the largest dollar and therefore them. even a day of shutdown means losses. from h&m to zara,

gap, marks & spencer, among hundreds of other global brands sourced from bangladesh, does the third largest export after the third largest export after the european union and this in fact is the main season preparing for the christmas shipments and taking work orders for summer and spring, but the factories had to close for over ten days because of curfews and internet shutdowns. closures affected shipments. some factories were even vandalized. 70% of factories have now reopened but intensifying protests have disrupted the flow. a few traders we spoke to said this instability could partly divert some global textile orders to indian factories may be for the short term, but it is crucial for bangladesh now more than ever to get its garment factories up and running smoothly. there is a mountain of debt and exports plummeting have triggered alarm bells even for global rating agencies like the snp. at reopening is also crucialfor its 4 the snp. at reopening is also crucial for its 4 million garment workers. 0ne crucial for its 4 million garment workers. one of them who participated in the protest

told me they are happy the government was ousted and are hopeful factories resume full production soon in their wages improve. production soon in their wages imrove. �* ., ., ., ,, improve. before we go, we take ou live improve. before we go, we take you live to _ improve. before we go, we take you live to a _ improve. before we go, we take you live to a rally _ improve. before we go, we take you live to a rally in _ improve. before we go, we take you live to a rally in detroit, - you live to a rally in detroit, thatis you live to a rally in detroit, that is where tim is speaking, the vice presidential candidate for the democratic party. the two sides have been trading barbs on the economy. harris saying they want to improve things for the economy and jd vance on the other side saying that harris is to blame for a lot of the economic problems the us is facing. that's all for now. do stay with bbc news.

tonight, reality tv strike —— signings. banksy strikes again.

three men have beenjailed for violent disorder during riots on merseyside. nearly 6000 officers are being mobilised to tackle any violent break—outs. the uk posed most senior officer warns writers will be met with the full force of the law. some other stories now. show of egham has lost her final uk court debate over citizenship. she travelled to serie a as a teenager to join the islamic state group. the 24—year—old had hoped to overturn the government's decision to revoke her citizenship on national security grounds. and reality tv stars have signed up for this year's strictly. tosha is best known for appearing on love island where fans first saw her dancing skills and pete first appeared on our televisions from the only way as essex. do you recognise the voice but not the song?-

voice but not the song? drake has surprised _ voice but not the song? drake has surprised fans _ voice but not the song? drake has surprised fans with - voice but not the song? drake has surprised fans with a - voice but not the song? drake | has surprised fans with a mega music dump. the rapper and singer previously unseen content including three new songs and behind the scenes footage. mixed response from some of his fans from excitement to feeling like there was too much content to digest. time for ten seconds or more this street artist rights again with the third appearing in london. he's kept going with his animal theme silhouettes come of the latest is a monkey theme piece. you are all caught up. have a great knight. hello and welcome to sportsday — i'm gavin ramjaun. quincy hall edges another thriller on the track at the olympics, as the usa take gold in the men's

400 metres... drama at the velodrome too — as great britain lose to australia in the final of the men's pursuit, in the latter stages of the race. and no nadal at the us open, the 22 time grand slam champion says he's not 100% following his exit from both singles and doubles at the olympics. hello there — and welcome along to the programme. it's billed as one of the highlights of the track at the olympics — the men's 400 metres final has had some big names take gold over the years — michaeljohnson, wayde van niekerk and 2012 champion kirani james. britain's matt hudson—smith was so close to joining them on wednesday — having come into the event with the fastest time

this year, he was pipped to the line, in a thrilling finale which saw american