it expanded at a 2% annualised pace that's nearly double the previous estimate. just last week, we saw unemployment numbers decline adding to signs of the economy's resilience. from new york michelle fleury reports. they may well tell you things are going are they may well tell you things are going badly the data however paints a different picture of the us economy grew 2% in the first three months this year that is almost double initial estimates. consumers spent more experts held up and prospects for the second quarter also look better. with the housing market focused on recovery and subsidies for semiconductor and electric car plans beginning to kick in. the challenge for america's central bank is to keep inflation trending down. date are due out later this friday from the us commerce department is likely

to confirm prices are cooling. but with inflation still stubbornly high, policy makers here as in many other developed countries are not done raising interest rates. let's show you how investors reacted to that latest data which should other than expected data out of the united states. there are hopes and out of the country might avert a recession. you can see all of the main industries during better and banking share is also led wall street to close higher. banking shares also led wall street to close higher on thursday that's after recent health check showed the largest us banks have enough capital to weather a severe economic slump. in other news this morning sporting goods giant nike has reported its latest earnings for the fourth quarter. revenue came in at $12.8 billion dollars slightly higher than expected. this means nike has beaten revenue estimates for seven straight quarters. salesjumped in both its

largest market north america and in china, following the easing of covid—19 restrictions. well, investors will also be keeping a close eye on china today. in a few hours, authorities are expected to release the latest data on the country's facotry activity. that fell to a five month low in may... marking the second straight month of contraction in factory activity. china's economic engine have been showing signs of slowing after the post covid rebound that we saw in the beginning of the year. for more on this, katrina ell of moody's analytics joined us. she told me her expectations. we are expecting china's manufacturing pmi will come in at 49 injune remaining over the neutral threshold and when the neutral threshold and when the key drivers keeping that manufacturing pmi week and more broadly china's manufacturing engine week is new export orders are really struggling. we are seeing weakness

materialise in those important markets like europe and the us which is tempering that expected rebound in manufacturing that we would have thought would have come back with more exuberance in that post zero covid world. indeed we have been seeing that weak economic data but we heard from primarily at the start of the world economic forum that he expects the economy to do better in the second quarter than in the first quarter. he did not exactly explain why, do you agree with his assessment? our expectation is that china's domestic economic recovery will pick up over the course of the remainder of this year and into 2024. what is really driving that it 2024. what is really driving thatitis 2024. what is really driving that it is expectations of ongoing, targeted stimulus being released in a local level. we have already seen local monetary stimulus being for less, our expectation is we will see more physical stimulus which will really help. if we are looking at the domestic economy, we are seeing that households are gradually getting out there and spending a bit more. we do expect that

momentum together over the course of this year into next. what about unemployment, especially among youth, leads data showing that one in five does not have a job. that seems to be a very sensitive topic with beijing censoring even financial bloggers talking about it. how bad is that situation and could not get any better? , , ., , better? definitely. that is reall a better? definitely. that is really a huge _ better? definitely. that is really a huge concern - better? definitely. that is really a huge concern that stubbornly elevated youth employment. need to see really effective government policies that are helping the youth of china get into unemployment because if they don't we will see ongoing problems or perhaps even worse in terms of social cohesion. it also means that productivity growth that we would have expected from china will not materialise either. it is a huge problem that definitely deserves policymaker focus continually going forward. in

focus continually going forward-— focus continually going forward. , , ., ., focus continually going forward. ,, ., ., ., , forward. in less than two hours we will get _ forward. in less than two hours we will get that _ forward. in less than two hours we will get that latest - we will get that latest manufacturing data from china and we will have more analysis on asian business reports are due dates —— stay tuned for that. well, that slew of soft economic data has also hit china's currency the renmenbi. beijing recently took action against the sliding currency for the first in almost eight months. with state banks putting a floor under the yuan. the value of the yuan in china is tightly controlled by the government. but it's not the only country in asia that's seeing its currency slide the japanese yen too, is weakening. and investors are watching to see if authorities there will intervene. william pesek is a columnist and author focusing on economics in asia joined us earlier. he explained if tokyo might intervene. he explained if tokyo might intervene-— he explained if tokyo might intervene. , , , intervene. i'm a bit surprised that the doj _ intervene. i'm a bit surprised that the d0] has _ intervene. i'm a bit surprised that the d0] has been - intervene. i'm a bit surprised that the d0] has been so - that the doj has been so quiet of late and very tolerant of the weaker yen. there are great expectations right now that we will see intervention in the days ahead —— boj. i think one of the reasons why we have not seen intervention is because i think the bank ofjapan is worried that it will fail and if it does fail and the yen

does not stabilise that might actually be a signal to markets to push the yen even lower. and i think in many ways the b0] governor is a fairly new entity at b0] and has only been around since april. i think he is looking right to try and figure out different options to stabilise yen without intervening. but certainly intervention does seem to be in the cards relatively soon. indeed. in the past across a lot of money but it has not really worked. meanwhile in china the yuan level is set by the people's bank of china. do you expect a further intervention, if you like, by the authorities?— intervention, if you like, by the authorities? certainly when ou look the authorities? certainly when you look at _ the authorities? certainly when you look at the _ the authorities? certainly when you look at the chinese - you look at the chinese currency it is down about 5% this year which is about half of what the yen is down. certainly forjapan and china both, the idea of these currencies, these exchange rates are beginning, it does help at the margin because

china's a comrie is already sputtering and japan is already under approving —— underperforming so a bit of support by the exchange rate is a good thing. the problem is the economic side effects of these kinds of things. inflation is rising, so a weaker currency means more important inflation through basically energy markets, food markets. then there is geopolitics. if the yen and yuan continue to grind lower, when does the us, when does the g7 step up and say, hey, stop this trend. when do politics begin to intervene into this trend, if you will, before authorities are initiated. the mobile game developer behind pokemon go is laying off one fifth of its workforce as part of a reorganisation. niantic�*s chief executive said the company is also narrowing its gaming and investment focus. as part of the reorganisation the firm will also stop work on two titles. niantic launched

its first major hit pokemon go back in 2016. is that employer should look at underrepresented groups. and finally the majority of companies in the us, europe and the uk say they're finding it tough to hire enough skilled workers. and one solution suggested by the british chambers of commerce is that employers should look at under represented groups. like those with autism. my colleague aaron heslehurst asks one autistic data analyst about what advice he would give to those looking for work. i think we have to remember that a lot of what comes into the workforce or attempting to get into the workforce carrying traumas from earlier in life. so if you suspect you have autism you have to form a diagnosis because then, yeah, you get you know, you will have the law on your site and when you apply for work and work. and be persistent, it is too easy to give up. i've seen too

many fellow autistic people giving up and it is very depressing, but be persistent and except every failure is a learning opportunity. ask for help. i have noticed that there are people that are prepared to take advantage of us, that is all too true, but there are also very many kind people that are able and willing, some quite eager to help. and perhaps, be yourself. it is a very difficult... difficult ask of autistic people since it is very difficult to know yourself but at least don't try to be someone who you are not which is called masking which is very common among autistic people,

the simplest device is to do your best. that is all anyone can ask of you —— advice. as long as you do your best. and that's it for this edition of asia business report. thanks for watching. bbc news bringing you different stories from across the uk. the college became the royal northern college of music in 1973. it was founded by sir charles hadley 18 years earlier. today 1900 students held from 1600 countries studying in

really exciting. opportunity for us all — really exciting. opportunity for us all to _ really exciting. opportunity for us all to be _ really exciting. opportunity for us all to be able - really exciting. opportunity for us all to be able to - for us all to be able to perform alongside industry professionals. to perform alongside industry professionals.— perform alongside industry professionals. to the uk and everyone _ professionals. to the uk and everyone was _ professionals. to the uk and everyone was like, _ professionals. to the uk and everyone was like, are - professionals. to the uk and everyone was like, are you i everyone was like, are you going _ everyone was like, are you going to _ everyone was like, are you going to london, no i'm going to rochester. we going to london, no i'm going to rochester.— to rochester. we have some incredible — to rochester. we have some incredible orchestras, - to rochester. we have some incredible orchestras, we - to rochester. we have some l incredible orchestras, we also things— incredible orchestras, we also things like _ incredible orchestras, we also things like the _ incredible orchestras, we also things like the manchester- things like the manchester collective _ things like the manchester collective as _ things like the manchester collective as well, - things like the manchester collective as well, it - things like the manchester collective as well, it is - things like the manchester. collective as well, it is early buzzing _ collective as well, it is early buzzing classical _ collective as well, it is early buzzing classical scene. - collective as well, it is early buzzing classical scene. the colle . es buzzing classical scene. the colleges 50th _ buzzing classical scene. the colleges 50th the _ buzzing classical scene- colleges 50th the anniversary celebrations coincide with others on the 8th ofjuly. for more stories from across the uk had to the bbc news website. hey, i'mjulia with the catch up. tonight, an unlawful scheme,

a wimbledon controversy and the price of a ticket to space. but we're going to start in france. you might have seen videos of protests like this in the last few days. they started after a 17—year—old was shot and killed by french police in paris. the teenager nahel had refused to stop after being pulled over. today, a big march has been happening in paris, led by nahel�*s mum. the protesters are calling for changes to police culture. within this same place, there is racism and we absolutely have to fight that. and as long as these questions are not laid out on the table and not taken seriously, of course it will not go well in working class neighbourhoods. some other stories now. the government scheme to send asylum seekers to rwanda has been ruled unlawful by the court of appeal. the government's plan was to try and put people off from crossing the channel in small boats, but two of the three judges said rwanda isn't safe enough. and in sport, andy murray has criticised an official wimbledon poster.

he said the image of past and present greats was strange. it shows 15 players, but four of the six women are at the back, including the williams sisters, who have won 12 wimbledon singles titles between them. and we'll leave you with 10 seconds of space tourism. yes, virgin galactic has launched its first ever commercial space flight. it goes about 50 miles above the surface of the earth with three passengers on board and each of them bought their ticket for 450,000 usd. you're all caught up now. see you.

hello and welcome hello and welcome to sports day. to sports day. i'm lizzie green, here are the headlines tonight. england are criticised for giving away wickets in the second ashes test at lord's. can the manx missile is still winning. take the outright record for the most tour de france stage wins? and the girl on the dancing horse is now a mum and charlotte dujardin