big tech stellar performance does mccomas on join fellow tech giants delivering a surprisingly strong quarterly result. and as the world's largest economy headed for a recession, we break down the world economic growth data from the united states. the us tech joined amazon has reported results that confirmed the teqsa is performing better than originally expected. the e—commerce and cloud computing

giantjoint microsoft, meta and alphabet delivering a surprisingly strong report card. if the sales and profits surpassed wall street expectations, continuing a trend in big tech that is lifted buckets across the board. amazon has been aggressively cutting costs to help boost profitability. it is already laid off 18,000 people and is currently about to eliminate another 9000 jobs and it would appear that some of those measures are already paying off. as the retail giant posted earnings that beat investor expectations. is on�*s cloud computing business which did not grow as much is expected did very well in the first three months of this year, as did its advertising business —— amazon's. even retail, a core

part of their business, exceeded expectations. the boom in online shopping during the pandemic has waned and people are going back into stores but amazon was still able to get customers to its website, as recent figures show consumer spending in america remains steady. but what has investors really inaudible is amazon's guidance for the next quarter which expects its business to grow between five and 10%. similar hussein. meta ended the session nearly 14% higher, it comes after the facebook parent reported its first sales increase in nearly a year and forecast second—quarter revenue would be above market expectations, confirming the view that digital advertisers are betting on well—established platforms such as facebook and instagram in the face of challenging economic conditions, and those concerns have led a1 and other giants to embark on a cost—cutting campaign thatare embark on a cost—cutting campaign that are so far resulted in 150,000 layoffs

across the sector. 0ne tech firm who has not performed that well in the last quarter is intel, the company reporting its largest ever quarterly loss, revenue falling 36% to $11.7 billion, but despite that it was still slightly above wall street estimates, the chipmaker facing a slump wall street estimates, the chipmakerfacing a slump in demand for semiconductors but early signs of a recovery across the global chip sector. snap has disappointed shares in the social media firm down nearly 18% in extended trading. revenue for the first quarter was under $990 million, down from one point zero $6 billion in the same period last year. changes to snap�*s advertising platform have hurt demand for ads as snapchat parent wanting results in the next quarter may again fall below targets. let's take a step back and away from the tech sector and have a wider look at the us economy, which did slow down quite a bit in the first quarter. the

world's largest economy grew 1.1% on an annualised basis between january and march all eyes are on what the federal reserve will do next week. the annual rate of inflation has slowed to 5% in march, the lowest in nearly two years, but still well above the 2% target. the latest data paints an overall positive picture, says the bank of america. the details of _ the bank of america. the details of the _ the bank of america. the details of the gdp - the bank of america. the details of the gdp were l details of the gdp were actually quite encouraging. there was a big drag from inventory is but that tends to be more volatile component of gdp. if you look at final domestic demand, it was up 3.2%, driven by robust consumer spending growth, investment did not slow down quite as much as we were expecting, government spending accelerated as well so the details were actually pretty good. in the details were actually pretty good-— the details were actually -re aood. , ., pretty good. in terms of your outut pretty good. in terms of your output and — pretty good. in terms of your output and concerns - pretty good. in terms of your output and concerns about i pretty good. in terms of your output and concerns about a | output and concerns about a procession, are those overblown? do you see growth strengthening in the future? we

actuall strengthening in the future? - actually still have a recession in our forecast, starting actually still have a recession in ourforecast, starting in the third quarter. the reason for that is although consumer spending was very strong on a quarterly basis, 3.7%, a lot of that was frontloaded, there was a surge in spending injanuary and sequentially, spending has dropped after that so february was weaker than january dropped after that so february was weaker thanjanuary on an adjusted basis. it looks like march will probably be weaker than february as well. the outlook for the consumer for the rest of the year is quite murky but meanwhile the rest of the economy, non— consumer sector, fixed investment, manufacturing, those all look relatively weak and some of those sectors are probably in recession as well, it's a mild recession as well, it's a mild recession we have in the forecast but it is a recession and it is starting in the quarter. and it is starting in the quarter-— and it is starting in the auarter. , . . ., quarter. does it mean inflation will finally _ quarter. does it mean inflation will finally start _ quarter. does it mean inflation will finally start to _ quarter. does it mean inflation will finally start to get - quarter. does it mean inflation will finally start to get to - will finally start to get to the levels that the us fed wanted to and the rate tightening cycle may be coming to an end, so to speak?

recession would be helpful in bringing inflation back down to target. at the fed is trying to engineer. not a recession per se but trying to slow the economy down in order to weaken demand which is what they can do using monetary policy and get inflation back under control. the problem is inflation is a lagging variable so first we will have to see some weakness in the economy, then in our view by the end of this year we will hopefully be in the low three region on inflation and the end of next year we could get back to target. i year we could get back to taruet. ., ., ., . target. i want to turn to india for ou target. i want to turn to india for you new _ target. i want to turn to india for you now because - target. i want to turn to india for you now because it's - for you now because it's smartphone market has recorded its sharpest ever first quarter decline with shipments to the country falling by 19%. the bbc�*s reporter has more on why this is happening. this bbc's reporter has more on why this is happening.— this is happening. this is according _ this is happening. this is according to _ this is happening. this is according to global- this is happening. this is i according to global agency counterpoint market monitor service and the reasons for this decline are the sluggish

demand, high inventory build—up from last year that was carried onto this year as well as consumers's growing preference for refurbished phones. this was the third consecutive quarter decline in india's smartphone shipments and it seemed the trend that demand for phones are concentrated around promotional periods. studies also found many were focusing on existing —— not creating new model inventory, but getting rid of existing industry. 5g smart are crossing the 40% mark for the first time as consumers upgraded to 5g services. south korea's samsung has the largest market share with 20%, followed by a series of chinese smartphone companies. they have always dominated the market and have been more popular in india because of their affordability, specially compared to premium brands like apple. india is home to nearly 800 million smartphone users and has been

one of the most lucrative markets worldwide. more than one ear markets worldwide. more than one year into _ markets worldwide. more than one year into russia's - markets worldwide. more than one year into russia's invasion of ukraine and energy prices remain volatile. european customers have liquefied national gas or lng were particularly vulnerable, at least at the beginning of the conflict. in asia, lng prices have been hovering at about 21 month lows as demand remains weak in key markets like japan and china. it is, of course, used ina and china. it is, of course, used in a variety of ways, including cooking and generating electricity. the market intelligence provider has vista joins us to explain why energy prices have come down from their peak.- down from their peak. we've seen prices _ down from their peak. we've seen prices coming - down from their peak. we've seen prices coming down - down from their peak. we've i seen prices coming down from their peak when the war between ukraine and russia started. we are in the range of $12 in asia and europe are atu and prices

are weaker than they were last year around the same period. in asia we have seen top tank inventory is, that's one of the reason also why we've seen less appetite for inaudible. the weather is responsible for part of it, we've seen a slow recovery for economic reasons, also china is more dependent on russia for its gas supplies, both only told roar and lng so we told roar other sources. i want to pick up on china because they were high expectations as the economy reopened and sort of a post—pandemic era, we would see a bump on a lot of commodities but is not necessarily happening when it comes to lng, right? took me through why that's the case. it right? took me through why that's the case.— that's the case. it was very interesting _ that's the case. it was very interesting in _ that's the case. it was very interesting in the - that's the case. it was very interesting in the first - interesting in the first quarter of 2023 to see that china has reloaded energy

cargoes which is an indicator of continued demand weakness and trafford centre data show that 17 cargoes have been reloaded to china to be sent elsewhere, probably to markets that have a high demand but also higher prices and as a result, chinese companies make benefits out of its odds probably taking more affordable or cheaper russian gas and reselling more expensive lng to markets in europe for instance. do you see the trend continuing in the short term? we do you see the trend continuing in the short term?— in the short term? we think china has — in the short term? we think china has diversified - in the short term? we think china has diversified a - in the short term? we think china has diversified a lot . in the short term? we think| china has diversified a lot of it supplies and of contract and probably playing also between pipeline and lng and right now, we see that the appetite is not strong enough to justify the country to take all its imports and we see that continuing for at least the next quarter, yes.

that's the outlook for the lng market around the world. for now, that's it from us, thank you for watching. keen for a bit of freedom and a beautiful day for it. time for licorice, turmeric, and sage to return to the wild after months of being nursed back to health. first off the block is turmeric. having one eye certainly isn't stopping her. it's licorice, though, who's been causing bit of a stir. so she is a black seal — she's what we call a melanistic seal. they are very rare. i've actually only seen one while i've worked at the seal sanctuary and i've been there three years, so it was super exciting. obviously not great that she had come in. the last big release of the season. watching pups take to the waves always

draws a bit of a crowd. but there's no looking back for these three, who now should have a long life at sea ahead. they could have 30 years, i think, sort of 20—30 years. you know? it is the last release for randy, who is moving on from the sanctuary. and what is better than, on a morning like this morning in cornwall, releasing seal pups? i'mjonelle i'm jonelle with the catch up. it is estimated that 180 out of 1.5 million football academy players in england make it as a professional in the premier league. so, what comes for those who don't make it? alexander—arnold is launching an initiative providing career opportunities for those four o'clock form academy players. seeing firsthand the struggles and the difficulties that players have when they are released from football clubs, i think it has gone on too long

and it is time for a change. some other stories now. consultation into gambling could mean that younger gamblers could face lower limits and greater protections, such as a stake limit of £2 limits and greater protections, such as a stake limit of e2 on online slot machines. the government has said that 18—24 —year—olds may be particularly vulnerable cohorts. snapchat�*s new feature my ai can answer questions, offeradvice new feature my ai can answer questions, offer advice or help plan trips. but it has received mixed reviews. unhappy us snappers have flooded the apple app snappers have flooded the apple app store with star reviews. snaps as the vast majority are enjoying it. anyone for a cheese toastie? you may want to check if you can afford it because the cost of the ingredients, two slices of white bread, a serving of butter and cello, has risen to 40p, that's a 37% increase. for chatter. time to leave you with ten seconds of island life because a british wildlife group are looking to employ

someone here, on gauff island. you will need to spend the next 13 months observing birds but it has no permanent population, some terrible weather and you will not be able to eat fresh food for a whole year. —— gough island. you are caught up. have a good night.

hello from the bbc sports centre. coming up on this programme, newcastle united's fairytale season continues. four more goals against everton and a top four position all but secured. everton are real danger of relegation. barcelona are back in the women's champions league final, they beat a spirited chelsea 2-1 they beat a spirited chelsea 2—1 on aggregates. and mark allen claims the first session of the world's

snooker championship semifinals