, michelle fleury.— michelle fleury.roup of 41 states and — michelle fleury. a group of 41 states and the _ michelle fleury. a group of 41 states and the district - michelle fleury. a group of 41 states and the district of - states and the district of columbia are taking action against meta. the federal and state lawsuits allege that meta designed its products to keep young users on them for longer and repeatedly coming back. the lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. here's a tennessee attorney general. kids are particularly vulnerable, and this is an unbelievably sophisticated company using every technique they could identify to make their— they could identify to make their platform addictive. meta said it was — their platform addictive. meta said it was disappointed - their platform addictive. irr— said it was disappointed and that it was working to create a safer environment for teenagers using a taps, including 30 tools to support them and their fami

it business correspondent michelle fleury sent this report.— fleury sent this report.sent this report. it was a strong performance - fleury sent this report. it was a strong performance by - fleury sent this report. it was - a strong performance by amazon, the giant saying revenue climbed 13% of the quarter, despite challenges posed by inflation and rising rates. sales in north america were up 11% from the year ago. globally, the picture was even stronger. sales rose 16%. amazon's advertising is a growing part of its portfolio. free v is its ad supported streaming video service and it's going to be bringing ads to its core prime video service early next year. the company also highlighted its work and the generative ai space, a hot topic this season. as for sales, amazon services claim to tuca $21.3 billion. but investors remain concerned that the pace of growth is slowing after result this week from microsoft and google. it seems tech giants are sending mixed signals about the cloud market. let's take you through some of the companies that have also reported earnings.

thank you, michelle fleury, and we willi you, michelle fleury, and we will get the top lines from those.5 hours' time, whenjerome powell sits down, 12pm eastern time. let's cross to china now and the ongoing crisis in their property sector. the giant developer country garden is believed to have become the latest to default on its overseas debt. a default that would mark one of the countries biggest corporate debt restructurings. this matters notjust corporate debt restructurings. this matters not just for the corporate debt restructurings. this matters notjust for the company but as a broader gauge for the economy as a broader gauge for the economy as a broader gauge for the economy as a whole, the property sector generates more than a quarter of china cosmic economic activity and is an important part of household wealth. all adding to concerns over their post—pandemic recovery. lots of questions, and to answer those i am joined by the chief china economist at a microeconomics company. lovely to have you with us. first question, did they make the deadline? have they defaulted? weill. de

, michelle fleury.— michelle fleury.tates and the district - michelle fleury. a group of 41 states and the district of - states and the district of columbia are taking action against meta. the federal and state lawsuits allege that meta designed its products to keep young users on them for longer and repeatedly coming back. the lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. here's a tennessee attorney

michelle fleury in new york, lawsuit is. michelle fleury in new york. thank— lawsuit is.fleury in new york, thank you. _ to the european union now where they are hosting world leaders at their first global gateway forum — the eu's answer to vast infrastructure investments like china's belt and road. launched two years ago the 300 billion euro investment fund is aimed at developing emerging economies. here's the european commission president, ursula von der lyon. the fate of present and future generations depends more than before on the quality and quantity of the infrastructure that connects us all. investment in affordable clean energy, investment in digital infrastructure, investment to better equip our workers with skills that match the jobs of tomorrow. and that is why team europe has put forward europe's largest global investment programme ever. ursula von der leyen there. but there are questions over where the funding will come from as stefan legge — lecturer in economics at the university of st gallen — explains. it's unclear how exactly the 300 billion are suppose

michelle fleury, thank ou ve shareholders. michelle fleury, thank you very much _ shareholders.ank you very much indeed. _ to china now and the ongoing crisis in their property sector. the giant developer country garden is believed to have become the latest to default on its overseas debt. a default that would mark one of the country's biggest corporate debt restructurings. now this matters not just for the company but as a more broader gauge for the economy as a whole. earlier i spoke to duncan wrigley, chief china economist at pantheon macroeconomics and started by asking him if they had defaulted. well, we have not heard an official confirmation either way. i think there have been some reports in the media coming from creditors saying that they haven't made their deadline, which does suggest that they have defaulted. and rather unusual announcements being made on social media, what is going on there? well, there were some rumours flying around which the company had denied that its founder and daughter left the country. so, the company has refuted it so i guess we go with what

from new york, here's our business correspondent michelle fleury. a group of 41 states and the district of columbia are taking action against meta. the federal and state lawsuits allege that meta designed facebook and instagram products to keep young users on their blog and repeatedly coming back. the lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. here is the tennessee attorney general. is the tennessee attorney general-— is the tennessee attorney general. . ., , general. kids are particularly vulnerable, _ general. kids are particularly vulnerable, this _ general. kids are particularly vulnerable, this is _ general. kids are particularly vulnerable, this is an - vulnerable, this is an unbelievably sophisticated company using every technique they could identify to make the platform addictive.— platform addictive. meta said it was disappointed _ platform addictive. meta said it was disappointed by - platform addictive. meta said it was disappointed by the . it was disappointed by the action a

michelle fleury, thank ou.get in touch with me and some of the team on x, i'm @lukwesaburak. lewis born jones lewis bornjones is back shortly. —— lewis bornjones is back shortly. —— lewis vaughanjones. this 18—year—old has made many bracelets. she has autism and creating the delicate patterns requires intense focus, calming her after a difficult day. she was diagnosed aged 11, but it took years to get support. h0??? diagnosed aged 11, but it took years to get summ— diagnosed aged 11, but it took years to get support. how many times have i cried about — to get support. how many times have i cried about going _ to get support. how many times have i cried about going to _ to get support. how many times have i cried about going to school? - i cried about going to school? loads. ~ g ., i cried about going to school? loads. ~ g . ., , , , ., loads. mum julie and kat tibbs have seen her struggle. _ loads. mum julie and kat tibbs have seen her struggle. earlier— loads. mum julie and kat tibbs have seen her struggle. ea

from new york, here's our business correspondent michelle fleury. a group of 41 states and the district of columbia are taking action against meta. the federal and state lawsuits allege that meta designed facebook and instagram products to keep young users on them for longer and repeatedly coming back. the lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. here is the tennessee attorney general. kids are particularly vulnerable, this is an unbelievably sophisticated company using every technique they could identify to make the platform addictive. meta said it was disappointed by the action and that it was working to create a safe environment for teenagers using its apps. a company spokesman said it was important to recognise that many teens find support and community on social media when they are struggling. this is an issue facing many social media companies, with legislators worried that today's action was just the start. —— legislators warning. this is not singling out meta. social media is a

let's speak now to our north america business correspondent michelle fleury, who's in new york.iously lots on the geopolitical agenda for these leaders to talk about, hard to know how much of a hearing trade is going to get, but how receptive is the white house going to be two brussels but no concerns about electric car subsidies? i concerns about electric car subsidies?— concerns about electric car subsidies? ~ . ., ., subsidies? i think what we are going to hear from — subsidies? i think what we are going to hear from these _ subsidies? i think what we are going to hear from these leaders - subsidies? i think what we are going to hear from these leaders when - subsidies? i think what we are going l to hear from these leaders when they get together is all about the ways in which they are cooperating and working together very well, so as you say, they will point to areas in geopolitics, how they have responded jointly to rush a's invasion of ukraine, how they are responding now to the situation in israel and the war with hamas. there will also point to areas of cooperation in th

our north america correpondent michelle fleury is in new york for us.re is a sense the job of trying to tame inflation, which falls to america's central bank, the federal reserve, thatjob is not yet complete. that is even though the trend, more broadly speaking, has been that inflation is fading, the problem is that it remains elevated. there are a couple of things but it up: if you look at the month's figures, petrol prices, that helped push up prices and cap pressures on consumers and companies. the other big one, which is considered less volatile, is housing. that continues to be elevated. now, where you are getting some relief is in things like second—hand cars and clothing. those prices are starting to inch down. so, the direction of travel is good, but the job is so, the direction of travel is good, but thejob is not so, the direction of travel is good, but the job is not done yet. that is why the federal reserve of america's central bank will continue to keep rates higherfor longer. that is central bank will continue to keep rates higher for long

junior thank you to michelle fleury.. it follows a sharp fall in output injuly — and is positive news as the bank of england weighs up its next decision on interest rates. nine board members will vote on that in three week's time, and one of them is warning that soaring interest rates could be increasing the gap between the �*haves' and �*have nots'. as our chief economics correspondent, dharshini david reports. it's full steam ahead for this cafe. but with rent hikes and soaring energy and food bills, business hasn't been a piece of cake. just when i was about to get happy saying we settled the business. we're doing good. everything's going good. i can probably get a house soon. everything changed, so it all went upside down again. now we have to start from scratch, and i don't even know how to keep up with it because you can only increase your prices up to a certain amount. gdp or economic output was up 0.2% in august, but it fell in july. the monthly figures bounce around, but on average, growth has been weak, hit by

at michelle fleury. what more do we know about this?— know about this?t the heart of this, this is _ know about this? at the heart of this, this is an _ know about this? at the heart of this, this is an effort _ know about this? at the heart of this, this is an effort by - know about this? at the heart of this, this is an effort by the - know about this? at the heart of this, this is an effort by the us l this, this is an effort by the us government to disrupt the ability of hamas, which is officially designated in the us as a terrorist organisation, to raise money and finance attacks against israel. in total, ten individuals and entities, including a gaza —based exchange can —— company which trades in bitcoin, are subject to these new sanctions. there are also targeting sudan, turkey, algeria and qatar, trying to cut off the flow of funds. they are targeting what they describe as a secret hamas investment portfolio. let me read you what treasury secretary said in a statement. the us treasury has a long history of effectively disrupting terror finance an

michelle fleury is in new york for us.s this more to for tat between the us and china or could this be something far more significant? i think you have to look at what's going on here, china and us to have the biggest economies are in a battle over future technology with the us imposing these export bans to impact china in the area of ai intelligence and chips play an important part in this. we have also seen foreign policy used all weaponised to encourage the establishment on us soil. the current chips have been adapted to overcome previous export curves but new policies have been introduced earlier this week.— new policies have been introduced earlier this week. were supposed to see the out — earlier this week. were supposed to see the out put _ earlier this week. were supposed to see the out put of— earlier this week. were supposed to see the out put of nvidia _ earlier this week. were supposed to see the out put of nvidia later- earlier this week. were supposed to see the out put of nvidia later on i see the out put of

the bbc�*s north america business correspondent michelle fleury reports.m a senior ford official during a call with investors, the president saying the car—maker cannot afford to improve its offer without damaging its future. we're at the limit. going further will hurt our ability to invest in the business like we need to invest. his comments come a day after the uaw unexpectedly launched a strike at ford's kentucky truck plant. the car maker's largest plant of the world and its most profitable. generating $25 billion in revenue, about a sixth of its global revenue. we're quite surprised at the escalation. we made an outstanding offer — it's great wages, great benefits, we've been bargaining in good faith. in the past few days ford said it had been negotiating potential options for future battery plant workers. electric vehicle battery plants, you may recall, have been a major point of contention for the union. it is bargaining with the three major automakers, stellantis, gm and ford. with interest rates still high in the united states the big economic que

that was michelle fleury there. the us, because in a few hours' time we get official employment numbers for september. they're seen by financial markets as crucial in deciding whether the federal reserve will now call a halt to its cycle of interest rate rises. the us created 187,000 newjobs in august — more than expected — raising concerns the fed might need to take more action to slow the economy and get inflation under control. nela richardson is chief economist at america's adp research institute, which provides regular reports on the us labour market. i won't if we could just start off first with the figures and what you found from your own analysis. what you found from your own anal sis. ,., ., ., . what you found from your own anal sis. _, ., ., ~ ,., analysis. good morning. we saw analysis. good morning. we saw a re analysis. good morning. we saw a pretty steep — analysis. good morning. we saw a pretty steep slowdown - analysis. good morning. we saw a pretty steep slowdown in - analysis. good morning. we saw

subscribers, adding 8.7 million of them sincejune. 0ur north america business correspondent michelle fleuryhe latest from new york. it's been less than six months since netflix started to crack down on password sharing, and it appears to be working because it shows like the which are help it retain its customers while new pricing options on offer, including a less extreme wing democrat expensive —— a less expensive plan pot the streaming giant said it was a priority for the company. they plan to roll out lots of new products in the next months ahead. "the next episode is commercial free, made possible by such and such brand." netflix also raised the price of its basic and premium options in the us, the uk and france, counting on committed viewers who hate ads. still the quarter hasn't been without its challenges, like the ongoing actors strike here in america. netflix said it spent less on content this year as a result of the walk—out. tesla also reported results for thejune to september quarter, with both profit and revenue coming in below expectations. tesla is trying to survive a price w

let's speak to our north america business correspondent, michelle fleury, in new york.y've exceeded wall street forecasts, or expectations. take us through the numbers. what does it mean? ., ., ., , mean? revenue, the overall money it made was up — mean? revenue, the overall money it made was up 5%- _ mean? revenue, the overall money it made was up 596. that _ mean? revenue, the overall money it made was up 596. that was _ mean? revenue, the overall money it made was up 596. that was how - mean? revenue, the overall money it made was up 596. that was how much | mean? revenue, the overall money it i made was up 596. that was how much it made was up 5%. that was how much it was able to bring in. in terms of cost of the strike, which everyone was curious about how it would impact, so for the costs have racked up impact, so for the costs have racked up to $800 million and the company's chief financial officer said in a call that each week that passed without a new contract negotiated cost $200 million in lost production. given the size of its balance sheet, it is weathering

from new york, michelle fleury reports.e big american car—makers now have a tentative deal with the united auto workers union. general motors was the last to settle. jeep maker stellantis reached an agreement on saturday. ford announced its deal last week with this positive reaction from one ford employee, walter robinson. it's definitely going to be life changing for the people. a career and notjust a job. gm said it was pleased with the outcome, with ceo mary barra, adding that the deal would allow it to continue to invest in our future and provide good jobs in the united states. the agreements which still need to be ratified by rank and file union members include a 25% wage increase over four and a half years, as well as other benefits for the uaw. this is a big win. historically, the union has negotiated new contracts with one car—maker at a time. by taking on all three at once, uaw president sean fain successfully pitted them against each other. for the past several weeks. analysts and pundits were crying that our unio

from new york, michelle fleury has more.ee of the big american car makers now have a tentative deal with the united auto workers union. general motors was the last to settle. the chip—maker reached an agreement on saturday and ford announced its deal last week. with this positive reaction from one ford employee, walter robinson. it’s employee, walter robinson. it's definitel employee, walter robinson. it�*s definitely going to be life changing for the people, it's definitely going to be a career and notjust a job. {3m definitely going to be a career and notjust a job.— and not 'ust a 'ob. gm said it was and notjust a 'ob. gm said it was pleased — and notjust ajob. gm said it was pleased with _ and notjust ajob. gm said it was pleased with the - and notjust a job. gm said it. was pleased with the outcome with the ceo adding the deal would allow it to continue to invest in our future and provide good jobs in the united states. the agreements, which still need to be ratified by rank and members come included 25% wage increase o

the bbc�*s north america business correspondent michelle fleury reports.ficial during a cup with investors at the car—maker cannot afford to improve its offer without damaging its future. ~ �* ., future. we're at the limit. goina future. we're at the limit. going further— future. we're at the limit. going further will- future. we're at the limit. going further will hurt - future. we're at the limit. going further will hurt ouri going further will hurt our ability to invest in business like we need to invest. his comments _ like we need to invest. his comments come _ like we need to invest. his comments come a - like we need to invest. his comments come a day after the uaw unexpectedly launched a strike at ford's kentucky truck plant. the carpet makers largest plant of the world and its most profitable. generating $25 billion in revenue, about a sixth of its global revenue. we're quite surprised at the escalation. we made an outstanding offer, its great wages, great benefits, we've been bargaining in good faith. in the past few days ford said it had been ne

the bbc�*s north america business correspondent michelle fleury reports from new york.o on apple's safari web browser, and you will find the google search engine already pops up. that is no accident, it is the result of an expensive contract between google and apple. the microsoft chief executive blamed the sort of deals for making google so dominant. appearing in person, he told a packed dc court that because of these default agreements you get up in the morning and you brush your teeth and search on google he said. thejustice department's case revolves around these deals, which ensure pretty much every smartphone sold in america comes out of the box with google search preinstalled. the microsoft boss said his company has invested more than $1 billion into the development of its own search engine, bing. it's also invested heavily in artificial intelligence and is considered a front runner. but he warned there were limits about how far ai could reshape the market. his appearance comes many years after the tech giants face its own monopoly case, which was settled back in

michelle fleury has more.been less than six months since netflix started to crack down on password sharing and it appears to be working, because hit shows like witcher helped it retain its current customers while new pricing options on offer, including a less expensive streaming plan with adverts helped it to gain new ones. many shareholders are excited about this new advert supported model. the streaming giant has said it was a priority for the company to win over advertisers. netflix plans to roll out more new products in the months ahead. next year, members, for example, who love to binge might get served an advert that says something like, "the next episode is commercial free made possible by such and such a brand." netflix also raised the price of its basic and premium options in the us, the uk and france, counting on committed viewers who hate adverts. still, the quarter hasn't been without its challenges — like the ongoing actors�* strike here in america. netflix said it spent less on content this year

subscribers, adding 8.7 million of them just sincejune. 0ur north american business correspondent michelle fleury latest from new york. it has been less than six months since netflix started to crack down on password sharing, and it appears to be working because hit shows like which, helped it retain current customers, while new prices on offer including a yes less expensive streaming plan with ads helped it to gain new ones will stop many shareholders are excited about this new ad supported model. the streaming giant said it was a priority for the company to win over advertisers, netflix plans to roll out lots of new products in the months ahead. next year, members for example who love to binge might get served an ad that says something like the next episode is commercial free, made possible by such and such a brand. netflix also raised the price of its basic and premium options. in the us, the uk and france, counting on committed viewers who hate ads. still, the quarter hasn't been without its challenges, like the ongoing actors strike here in america. netflix said it spent less on conflict ——

live now to new york and michelle fleury.the markets reacted to events in the middle east? unsurprisingly, investors are looking pretty nervous. wall street hasjust looking pretty nervous. wall street has just opened lower. looking pretty nervous. wall street hasjust opened lower. about looking pretty nervous. wall street has just opened lower. about 0.25% down. wall street is trying to assess the impact of the israel hamas war, trying to figure out what will happen next, but the key place we are showing is in the price of oil, because there are concerns this conflict in the middle east could disrupt supplies from the region. if you look at what is happening with iran, they are threatening to block oil supplies to israel, and that is what you are seeing it show up there. wall street also looking ahead to earnings from tech giants netflix. thanks for watching. 15—year—old leona has made so many of these bracelets. it requires intense focus. she was diagnosed when she was 11 but it took years to get support. when she was 11 but

michelle fleury reports. it was a strong performance by amazon. climbed 13% in the quarter, despite challenges posed by inflation and rising interest rates. sales in north america were up 11% from a year ago. and globally, the picture was even stronger. sales rose i6%. now, amazon's advertising business is a growing part of its portfolio. freevee is its ad—supported streaming video service, and it's going to be bringing ads to its core prime video service early next year. the company also highlighted its work in the generative ai space, a hot topic among all tech companies this earning season. as for sales at its all—important cloud business, well, amazon web services climbed to $23.1 billion, but investors remain concerned that the pace of growth in that unit is slowing. after results this week from microsoft and google, it seems tech giants are sending mixed signals about the cloud market. former twitter is now called x and verified users now need to pay for a blue tick on the platform and twitter x has also lost nearly half its advertising reve

michelle fleury has more.and it appears to be working, because hit shows

from new york, michelle fleury reports.

from new york, michelle fleury reports. has seen factor growth in its core digital ads business to stop remember, this is a company that's been investing heavily in generative ai products to boost its add business. it continues to make money from its tiktok like product inside instagram, reels. on average 3 billion people used its products in september come up 7% from a year earlier. as for mr zuckerberg's circle year of efficiency, mehta said most of its planned lay—offs had been completed as it continues to cut costs. but it wasn't all clear blue skies. the company faces legal hurdles, including lawsuits from 42 attorney generals who allege its products are addicted to children. in its press release, mehta or earned headwinds in

michelle fleury is in new york for us. lovely to see you.hip market, a one—stop shop for al. is it

from new york, here's the bbc�*s business correspondent michelle fleury.en revenue dropped for three straight quarters, meta is roaring back — the social media giant seeing faster growth in its core digital ads business. remember, this is a company that's been investing heavily in generative ai products to boost its ad business, and it continues to make money from reels — that's its tiktok—like video product inside instagram. on average, three billion people used its products in september — up 7% from a year earlier. and as for mr zuckerberg's so—called year of efficiency — well, meta said most of its planned lay—offs had been completed as it continues to cut costs. but it wasn't all clear blue skies. the company faces legal hurdles — including lawsuits from 42 attorneys general who allege its products are addictive to children. in its press release, meta warned of headwinds in the us and eu that it said could significantly impact its business. still, with investors mostly focused on the health of the digital ad market, meta's shares rose on the news. afte

here's the bbc�*s north america business correspondent, michelle fleury, with more from new york. chairman of the financial world, the chairman of the us federal reserve, says inflation is still too high. speaking at the economic club of new york, jerome powell acknowledged progress had been made but said inflation was not yet at the target rate of 2%.

from new york, here's our business correspondent michelle fleury.he federal and state lawsuits allege that meta designed facebook and instagram products to keep young users on their blog and repeatedly coming back. the lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. here is the tennessee attorney general. is the tennessee attorney general-— is the tennessee attorney general. . ., ,

let's speak to our north america business correspondent, michelle fleury, in new york.rs. what does it mean? ., ., ., , mean? revenue, the overall money it made was un — mean? revenue, the overall money it made was un 5%- _ mean? revenue, the overall money it made was up 596. that _

let's speak to our north america business correspondent, michelle fleury, in new york.ors occurred be general motors occurred be the general motors occurred be the focus general motors occurred be the focus of an extension of the strikes. they want their workers to get the fair share. , ., ., , ., share. yes, we heard from general motors this — share. yes, we heard from general motors this morning _ share. yes, we heard from general motors this morning when - share. yes, we heard from general motors this morning when they - motors this morning when they released their quarterly results and it showed revenue was up 5% from one year ago. they continue to do well despite the fact the strike is costing them already $800 million, and there's no end of the strike, and there's no end of the strike, and in site. this morning, they asked for members at the texas general motors facility to walk out and join the strike, another 5000 of their members. in total almost one third of the entire union membership working at these big three car—makers is of the job and working at these bi

here's the bbc�*s north america business correspondent, michelle fleury, with more from new york.people in the financial were, the chairman of the federal reserve says inflation is still too high. jerome powell acknowledged the progress had been made but said inflation was not yet at the target rate of 2%. economic data and heightened geopolitical tensions have made theirjob that much harder. a range of uncertainties is old and new complicate our task of balancing monetary policy too much against balancing and tightening too ietto — meant little. tightening too ietto - meant little. ., tightening too ietto - meant little. . ., , ., little. he a cautious note. given uncertainty - little. he a cautious note. given uncertainty and - little. he a cautious note. given uncertainty and risk little. he a cautious note. - given uncertainty and risk and how— given uncertainty and risk and how far— given uncertainty and risk and how far we have come, the committee is proceeding carefully. we will make decisions about the extent of additional policy firming and how— additional policy firming

conflict pushed investors towards safer assets. 0ur north america business correspondent michelle fleuryw from new york. explain the link. why do the us bonds feel the effects of what is happening in the middle east? the? happening in the middle east? they are considered _ happening in the middle east? they are considered the _ happening in the middle east? tie: are considered the benchmark, at least in a lot of the financial system, it is what a lot of other instruments are, it is the baseline for many financial products, if you like, notjust in the us but more broadly around the globe. at a time of uncertainty, what people don't know —— when people do not know what is happening next, it can be seen as a safe haven, let the storm and then see where the dust settles, that is why you have seen that kind of rush into bonds which has pushed down years and that has a second order effect which is, in recent months, we have seen it yields on us government bonds actually climbing to levels where it was going to put up to levels where it was going to put up the cost of borrowing, notjust for the

from new york, here's our business correspondent michelle fleury.lege that meta designed facebook and instagram products to keep young users on them for longer and repeatedly coming back. the lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. here is the tennessee attorney general. kids are particularly vulnerable, this is

michelle fleury has the details from new york. a stark warning from a senior ford official.damaging its future. ~ . . its offer without damaging its future. ~ ., ., future. we are at the limit. going further will _ future. we are at the limit. going further will hurt _ future. we are at the limit. going further will hurt our _ future. we are at the limit. going further will hurt our ability - future. we are at the limit. going further will hurt our ability to - further will hurt our ability to invest in a business like we need to invest. ihis invest in a business like we need to invest. , _, , _, invest in a business like we need to invest. , , ., invest. his comments come a day after the uaw _ invest. his comments come a day after the uaw unexpectedly - invest. his comments come a day - after the uaw unexpectedly launched after the uaw unexpectedly launched a strike at 42 kentucky plan. the car—maker's largest plant in the world and most profitable, generating $25 billion in revenue, about a sixth of its global revenue. we are quite surprised at the escalation. we made an o

let's speak now to our north america business correspondent michelle fleury, who's in new york.

michelle fleury has more.to be working because hit shows like witcher helped it retain current customers while new pricing options on offer, including a less expensive streaming plan with adverts, helped it to gain new ones. many shareholders are excited about this new advert—supported model. the streaming giant has said it was a priority for the company to win over advertisers. netflix plans to roll out more new products in the months ahead. next year, members, for example, who love to binge might get served an advert that says something like, "the next programme is commercial—free, made possible by such and such a brand." netflix also raised the price of its basic and premium options in the us, the uk and france, counting on committed viewers who hate adverts. still, the quarter hasn't been without its challenges, like the ongoing actors' strike here in america. netflix said it spent less on content this year as a result of the walk—out. ijust want i just want to take you back to events in the middle east, a

from new york, here's michelle fleury.e district of columbia are taking action against meta. the federal and state lawsuits allege that meta designed its facebook and instagram products to keep young users on them for longer and repeatedly coming back. the lawsuit also accuses meta of routinely collecting the data of children under 13 without parental consent. here's tennessee attorney generaljonathan skrmetti. kids are particularly vulnerable, and this is an unbelievably sophisticated company using every technique they could identify to make their platform addictive. meta said it was disappointed by today's action, and that it was working to create a safer environment for teenagers using its apps — including 30 tools to try to support them and theirfamilies. a company spokesman said it was important to recognise that many teens find support and community on social media when they're struggling. this is an issue facing many social—media companies, with legislators warning that today's action was just the start. this is not

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our north america business correspondent michelle fleury reports from new york. engine automatically pops up. that is no accident. it is the result of an expensive contract between google and apple. the microsoft chief executive blamed these sorts of deals for making google so dominant, appearing in person, he told aipac to dc court that because of these default agreements you get up in the morning and you brush your teeth and you search on google, he said. thejustice department of the case revolves around these deals which ensure that pretty much every smart phone sold in america comes out of the box with google search preinstalled. microsoft boss said his company has invested more than $100 billion into the development of its own search engine. it has also invested heavily on artificial intelligence and is considered a front runner. but he warned that there were limits to how far ai could reshape the market. here is —— �*s appearance comes many years after the tech giant faces monopoly case settled back in 2001 and which paved the way for competitors like googl

our north america business correspondent, michelle fleury, had this to say about the deal., look, it is a keel of sorters and in the sense we aren't talking about workers, government workers being put on furlough or having their pay delayed. instead this deal pushes the can down the road for a couple of weeks they have passed a stopgap resolution that funds the government through to november 17th. at which point, the clock resets and we start again. what it does, as you say, is fund the government, what it doesn't do, is provide aid to ukraine, and it doesn't address the keyissue ukraine, and it doesn't address the key issue for republican, which is addressing concerns they have about the border, and so i think that is the border, and so i think that is the debate, that is where it shifts to next but complicating all of this, ben, is the fact that now, you have the speaker of the house, kevin mccarthy, whose position, leadership role is under threat because one of the hard liners in the republican party, his own party, has threatened to try and have him removed from positio