we start in the us and disappointment with what was billed by some as the most important company earnings report in years. nvidia, which dominates the market for al chips, has been at the centre of an investment frenzy on wall street based on hopes that artificial intelligence will transform the business world. it reported record sales in its in latest quarterly results but despite that, investors expected more and began to dump its shares. let's look in more detail at those figures. it earned just over $30 billion in revenue in the three months to the end ofjune, more than ever before. that figure was 122% higher than the same period last year. but this pace of growth is slower than nvidia's been seeing in recent quarters. and its forecasts disappointed investors sending its shares down as

much as 7% in after—hours trading. to put that in perspective though, nvidia shares have risen 3000% in the last five years and more than 150% this year alone, taking the company's stock market value to more than $3 trillion, more than microsoft and second only to apple. ritika gupta reports from new york. chip—maker nvidia put up a blockbuster quarter in earnings. revenues topped $30 billion, more than double what it reported a year ago and beating the expectations from wall street. earnings per share of $0.68 also came in above expectations, and the company authorised another $50 billion in share buy—backs. but after a huge run up in the stock, expectations were high going into the report and some investors had been looking for an even bigger revenue forecast. the stock has had a meteoric rise, so they were expecting

a gold medal performance. and we got gold medal from the godfather of ai, jensen nvidia. but you'll see some sort of breathing after market. that's what we're seeing in terms of the stock taking a little breather. but we don't think this is going to be long lived. i think this is a stock that actually moves higher off these numbers. but this is the most watched earnings report potentially in a decade. a lot of focus in terms of investors on nvidia. so you're going to see some, you know, wild reactions after. but overall we view it as an a+ quarter. the outlook threatens to tamp down an ai frenzy that has transformed nvidia into the world's second most valuable company. as anticipated, nvidia gave an update on the production delays and design flaws on its blackworld chip, which caused market volatility several weeks ago. nvidia acknowledged that there were issues with production, saying that it was making changes to the number of functioning chips that come out of factories. at the same time, the company

expects to bring in several billion dollars of revenue in the fourth quarter from the product. ben barringer is a global technology analyst at investment advisors quilter cheviot. thank you forjoining us, ben. investors can be a funny bunch. record sales, but what we are seeing here is basically all of those bets that they placed on the stellar period of growth continuing certainly have not paid off in this quarter. certainly have not paid off in this auarter. . ., certainly have not paid off in this i uarter. ., ., ., ., “ certainly have not paid off in this auarter. . ., �*, quarter. yeah, i mean, look, it's all about— quarter. yeah, i mean, look, it's all about expectations. - quarter. yeah, i mean, look, it's all about expectations. so - all about expectations. so classically, nvidia normally beats by $2 million and this time —— $2 billion at this time it was only i billion. they were beating expectations but some people expected more. the issue with that is at a couple of years ago, they were $10 billion of revenue per quarter and now they are 30 billion.

so they are increasingly the owner of large numbers problem so those beats are going to get smaller. people have got used to the beating expectation by a lot of this is just small so there is a bit of reframing going on. do small so there is a bit of reframing auoin on. ,, small so there is a bit of reframing auoin on. ~ . small so there is a bit of reframing auoin on. ,, ~ ., ., going on. do you think that nvidia mania could _ going on. do you think that nvidia mania could be _ going on. do you think that nvidia mania could be past— going on. do you think that nvidia mania could be past its _ going on. do you think that nvidia mania could be past its peak- going on. do you think that nvidia mania could be past its peak or i going on. do you think that nvidia| mania could be past its peak or on the wane? i mania could be past its peak or on the wane? ~ , , mania could be past its peak or on the wane? ~' , , ., the wane? i think there is still a very strong _ the wane? i think there is still a very strong compelling - the wane? i think there is still a very strong compelling ai - the wane? i think there is still a very strong compelling ai story| the wane? i think there is still a i very strong compelling ai story but people are being a much more discerning about the ai and what it can be used for. if you read lots of different areas, ai looks like it's a panacea, it can do anything. but actually, ai is very good at certain tasks. people are gradually working out what those tasks are, and jensen wang last night gave quite a diverse set of use cases for al but it is not a panacea.— set of use cases for al but it is not a anacea. ., ., not a panacea. you mentioned there, there are concerns _ not a panacea. you mentioned there,

there are concerns perhaps _ not a panacea. you mentioned there, there are concerns perhaps that - not a panacea. you mentioned there, there are concerns perhaps that al i there are concerns perhaps that al —related stocks could have been overhyped. is there any more information on the set of earnings that casts light on whether that is a good concern? flat that casts light on whether that is a good concern?— that casts light on whether that is a good concern? not really. i think the ave a good concern? not really. i think they gave a — a good concern? not really. i think they gave a fairly _ a good concern? not really. i think they gave a fairly normalised i a good concern? not really. i think they gave a fairly normalised set . a good concern? not really. i think| they gave a fairly normalised set of comments in their call. they were talking about return on investment on al, talking about the number of areas that al can be used to but they didn't really give any concrete numbers so there was nothing more for investors to hang their hat on, as it were. and they talked about blackwell, the product that has been delayed, and that was largely in line with what people had been expecting. there is still very strong demand.— expecting. there is still very strong demand. expecting. there is still very stronudemand. ., , . strong demand. thank you very much for our strong demand. thank you very much for your time — strong demand. thank you very much for your time and _ strong demand. thank you very much for your time and join _ strong demand. thank you very much for your time and join yesterday. i the uk's plan to enter the trans pacific partnership trading bloc has overcome its final hurdle. peru has approved the uk's application, clearing the way for it to join on the 15th of december. it will give the uk tariff free

access to the 11 countries currently in the bloc, although at first it will only apply to those that have formally ratified it — that's japan, singapore, chile, new zealand, vietnam and peru. the british government says it could boost the uk economy by £2 billion or $2.6 billion annually but that annual boost won't be achieved until the year 2040. let's speak to tomasz wieladek, chief european economist at t rowe price. thank you for being with us, tomasz. put that to billion pound figure into context for us, just how significant is it? £2 into context for us, “ust how significant is mi into context for us, “ust how significant is it? £2 million, per se, really _ significant is it? £2 million, per se, really isn't _ significant is it? £2 million, per se, really isn't all _ significant is it? £2 million, per se, really isn't all that - significant is it? £2 million, per se, really isn't all that large i significant is it? £2 million, per se, really isn't all that large --| significant is it? £2 million, per. se, really isn't all that large -- 2 se, really isn't all that large —— 2 billion. if you compare it to the uk's gdp at 2.3 trillion, it doesn't seem so large. i think what is more important is the trajectory of the

uk to rejoin more trade agreements and agree more future trade agreements with other nations. and that in itself, the fact that the uk is now more willing to do that, perhaps with the new government, that in itself perhaps much more important for potential growth and growth going forward. gm? important for potential growth and growth going forward.— growth going forward. why is this fiaure so growth going forward. why is this figure so insignificant? _ growth going forward. why is this figure so insignificant? japan i growth going forward. why is this | figure so insignificant? japan alone is the world's number three economy. you might think that that kind of trade deal with japan alone would achieve a big result. 50. trade deal with japan alone would achieve a big result.— trade deal with japan alone would achieve a big result. so, there have been, achieve a big result. so, there have been. there — achieve a big result. so, there have been, there have _ achieve a big result. so, there have been, there have already _ achieve a big result. so, there have been, there have already been i achieve a big result. so, there have| been, there have already been quite happy to trade with japan. —— there has already been quite a bit of trade with japan so maybe we are not going to get such a big increase in japan trade. that's the key issue here. the fact that the uk is already very well integrated with trading in these countries. the reduction in tariffs isn't really that significant. having said that, economy tend to adapt to trade

agreements are normally what we have seenin agreements are normally what we have seen in the past is that trade agreements usually have a bigger impact than we initially expect. so if anything, the 2 billion figure which i said is probably small, but that's probably an underestimate of the eventual impact of this agreement. the eventual impact of this agreement-— the eventual impact of this agreement. the eventual impact of this aareement. ., ., , ., ., ., , agreement. how many more trade deals is the uk having — agreement. how many more trade deals is the uk having to _ agreement. how many more trade deals is the uk having to do _ agreement. how many more trade deals is the uk having to do to _ agreement. how many more trade deals is the uk having to do to make - is the uk having to do to make up for perhaps what it sacrificed in leaving the european union? probably, significantly more. so, clearly, the european union still remains our most important trading partner, so i think having better trade agreements with them seems to be the most low hanging fruit here. and i suspect that the musical yesterday with the prime minister announcing in germany that they are going to improve their relationship, thatis going to improve their relationship, that is the right step to reduce trade frictions with the eu, that will be a big one. but also the us is a very important trading partner,

for the uk. and again using the freedoms that brexit provides for the uk to strike a particularly favourable trade agreement with the us would be another way to undo the economic damage from brexit. indeed, tomasz, economic damage from brexit. indeed, tomasz. thank — economic damage from brexit. indeed, tomasz, thank you _ economic damage from brexit. indeed, tomasz, thank you very _ economic damage from brexit. indeed, tomasz, thank you very much - economic damage from brexit. indeed, tomasz, thank you very much for i economic damage from brexit. indeed, tomasz, thank you very much for that i tomasz, thank you very much for that analysis. all this week we've been looking at the challenge of ageing populations across the world. today we are in singapore where people are both living longer than ever and having fewer children. soon, a shrinking young workforce will have to prop up an ever—expanding group of retirees, who also now live alone in record numbers. faced with a potential social and economic crisis, singapore's government has a simple solution for its senior citizens, keep working. nick marsh reports.

madam goh is well known in this part of town. it's herjob to deliver lunch and dinner to people who struggle to leave their homes. living alone, she signed up to a scheme that uses government money to offer retirees paid odd jobs in their community. i do nothing at home. sweeping, mopping. so when this chance comes by, ijust grab to make my life more fulfilling and more purposeful. loneliness is starting to be an issue in singapore. by 2026, the country is on track to become a super aged society, with1 in 5 people being over 65. naturally, people want to retire at an early age and enjoy their life. but from an economic perspective, this is not sustainable and that is going to become a very heavy burden for the government. working into old age would solve a lot of problems, but for many, it's not exactly the most thrilling prospect. back in the work? it depends. i don't like to work any more, no use — who is going to employ you? nobody.

singapore's government knows this. and it's paying companies to hire over 60 by offsetting part of their wages. the older they are, the more subsidies a firm receives. persuading the people here to return to work is one thing, but getting employers to actually hire them, well, that's arguably an even bigger challenge. you can keep throwing public money at the problem, but only for so long. what the government really needs is for the private sector to start thinking very differently about age. how can i help you? before retiring, edna worked at one of singapore's biggest banks for 50 years. now she's back after signing up for a temporary work scheme. it means that when projects or part time vacancies pop up, managers have a ready made pool of experienced workers to draw from.

come back and join us for the opening bell in new york injust under three hours, but stay with us here on bbc news.

hello from the bbc sport centre. the sport at the paralympics is up and running following a spectacular opening ceremony in the paris. as with the olympics they broke with tradition by not holding it in a stadium, but used the iconic sights of the city as a backdrop. the main ceremony was at the place de la concorde and the athletes paraded along the champs—elysees from the iconic arc de triomphe. unlike the olympics they were blessed with a perfect summers evening for the event. 0n the opening day of 11 days of competition there

are 22 medal events. following a five wicket victory in the series opener last week, england are under way in the second test against sri lanka at lord's. sri lanka won the toss and put the hosts in to bat. it's the early stages but opener dan lawerence has already fallen after a good start, england are 30 for 1. the defending men's us open champion, novak djokovic, is through to the third round after his opponent retired. djokovic was leading 6—4 6—4 2—0 when laslo djere was unable to continue with an injury. even with the retirment the pair were on court for more than two hours in the extreme heat and humidity in new york... he obviously had an injury that took him out of the tour for some time and he is struggling to come back physically to his level. he's such a

good player,