michelle fleury - little too late. michelle, for now, thank you.late. michelle, for now, thank you. michelle fleury live inj thank you. michelle fleury live in new york. now — let's turn to the problem of fraud — because it has now become the most common crime in the uk — accounting for 40% of all crime — according to accountants kpmg. despite that — the police allocate just a fraction of their resources to fight it. against that backdrop — the uk is hosting a globalfraud summit starting today in london — hosted by security minister tom tugendhat and involving representatives from government, industry and law enforcement. what will they discuss? we spoke to security consultantjames bore — who had some advice on avoiding becoming a victim of fraud. if it sounds too good to be true, it probably is. if there is any sort of emotion attached to the message, if they are trying to make you panic, make it seem urgent, make it seem like you are in trouble with authorities then there is a high risk of it being a fraud. and the best thing to do with any of th

. —— michelle fleury. -- michelle fleury. it's been a wild da , the -- michelle fleury.leury. it's been a wild day. the judge had _ -- michelle fleury. it's been a wild day, the judge had to _ -- michelle fleury. it's been a wild day, the judge had to decide - -- michelle fleury. it's been a wild day, the judge had to decide a - day, thejudge had to decide a couple of things. taking into account the sentencing, he was considering the age, the losses involved, the impact on the victims, but also the message of deterrent, and ultimately he settled on 25 years for sam bank been freed, turning them to prison for that amount of time. it was less than lawyers who had been prosecuting the case had asked for, they wanted 40-50 case had asked for, they wanted 40—50 years, by contrast lawyers for mr bingaman freed said he should get less than seven years, and judge lewis kaplan decided splitting the difference in a little with the to go. as you mentioned, he is only 32 years old so if he serves the full time he will come out sometime in his late 50s. and that was a factor, thejudg

let's talk to michelle fleury in new york. give us a sense of what is being alleged here and quite how significant this case could prove to be.— could prove to be. millions of --eole could prove to be. millions of peeple who _ could prove to be. millions of people who own _ could prove to be. millions of people who own iphones - could prove to be. millions of people who own iphones and| could prove to be. millions of- people who own iphones and other apple products by it because the brand is known for the ease and simplicity of use, but the flip side of that, as we are seeing in this complaint, is that it has locked out competitors from its system and that's what this lawsuit is going after, trying to open up apple's business model to others, saying that other firms have been locked out, whether it is payment systems, makers of rival smartwatches which don't work so well, or even simple things like messaging, if you are using an android and trying to message someone on an iphone, sometimes sending videos and things like that c

michelle fleury, bbc news, new york. say that the department ofjustice will find it difficult to make it hard to find a case. the d0] is treading over the same guest that they did in the past. there's nothing new in this lawsuit. can the doj prove it? it's hard to prove when apple doesn't own more than 55% to 65% of the market. one would argue that it is much closer to 50%. how are they in an anti—trust position when there are so many more android smartphones than in the past. what i think that we're really seeing is that the department ofjustice is saying — we've been hard on international companies. we've had the recent legislation against tiktok and that sale request and now we're going to show that we can also be hard on all of the us companies that we also think have unfair advantages, as they consider them. that's interesting because the us government has been going after huawei, apple's rival in the smartphone market. but my question is, how would you enniate monopolising as opposed to being a successful company?

the bbc�*s michelle fleury has more from new york.ore than a billion of us around the world own an iphone. for many people, it's almost unthinkable that they would use any other sort. for me, apple works a little bit better than android. i have had an android before. it didn't do too well with me. it's just what my parents always got me and it'sjust like, easy to stick with it. but i've never really| looked into anything else, which is the main reason why i've never switched. - i think having an iphone is i practical because like i have, like the rest of my- family also has iphones. and so it's they're i just very compatible. all of which makes it one of the most successful companies. last year, sales ofjust the iphone made it more than £150 billion in revenues. and that much profit, as well as so many customers, tends to attract the attention of government officials. and now the us department ofjustice, along with 16 different states, has filed a lawsuit against apple. has maintained monopoly power in the smartphone market not simply

michelle fleury, bbc news, new york.er us president donald trump, who is of course campaigning for a second go at the job, could be in line for a huge payout. trump media, which runs his social media platform truth social, is planning to launch on the stock market by merging with another firm. that deal is going to be voted on later today. it could leave mr trump with a majority stake worth around $3 billion. here'sjoao da silva with more. this is quite an astonishing deal for for a number of reasons. for a number of reasons. first, we're talking about a huge windfall for mr trump in exchange for a business whose own auditor warned last year it was at risk of failure. then there's the problem of sheer scale. the deal implies trump media, the owner of truth social, has a value of billions of dollars. but we know this business brought injust $3.3 million in revenue in the first in the first nine months of last year and lost nearly $50 million. so why is this merger happening at all? well, that isn't too hard to guess. we k

let's head over to new york and speak to our north america business correspondent michelle fleury. michelle fleury. a huge rise but not heading in the not a huge rise but not heading in the right direction?— the right direction? people were hoinu to the right direction? people were heping to see — the right direction? people were hoping to see more _ the right direction? people were hoping to see more evidence - hoping to see more evidence that prices were cooling and moving in the direction they wanted, this probably goes in the negative column, inflation is a bit hotter than people would like to see, and it does not necessarily mean a different outcome when it comes to thinking about the direction of interest rates at this stage and we need to talk about housing because a lot of this is being caused by housing. a sector that is very interest rate sensitive, and what we have seen is, because of a lack of supply, have seen is, because of a lack of supply, prices have continued to remain high and have gone up over the last year or so, despite the fact that you had the central bank i

michelle fleury i be. it can be, that is for- sure. michelle fleury there.ross the uk.- from across the uk. meet two-year-old _ from across the uk. meet two-year-old trooper, i from across the uk. meet two-year-old trooper, a l from across the uk. meet - two-year-old trooper, a gentle two—year—old trooper, a gentle giant. two-year-old trooper, a gentle ciant. �* . . two-year-old trooper, a gentle ciant. �* ., ., giant. i've never had a horse is big already _ giant. i've never had a horse is big already won _ giant. i've never had a horse is big already won this - giant. i've never had a horse is big already won this big. l giant. i've never had a horse is big already won this big. i | is big already won this big. i am five foot ten, he is measuring 6'2". am five foot ten, he is measurin: 6'2". �* , measuring 6'2". because trooper is so bi , measuring 6'2". because trooper is so big. gmp — measuring 6'2". because trooper is so big, gmp have _ measuring 6'2". because trooper is so big, gmp have had - measuring 6'2". because trooper is so big, gmp have had to -

michelle fleury is standing by for us. 25 years, that's a significant amount of time.expected? >> you had prosecutors who had been pushing for 40-50 years. the sentencing guidelines meant it could have been substantially more than that. on the flipside, lawyers for sam bankman-fried said he should have gotten less than seven years. what we saw was judge lewis kaplan her taking everything into account and deciding ultimately that what should be handed down was 25 years. someone who, as you say, was one of the most famous faces in the cryptocurrency world, a billionaire and a major fiscal donor, now faces the prospect of 25 years in prison. >> what happens now? we understand he will appeal. >> we are expecting him to potentially appeal. both his conviction and the sentence. he is perhaps best known as the leading prosecutor in the case against bernie made off. you remember him, he was sentenced to jail for a ponzi scheme. he said he thought bankman-fried would struggle at least to appeal the sentencing. he thought the judge had done a pretty good job of taking into accou

our business correspondent michelle fleury has the latest from new york.one. for many people it's almost unthinkable that they would use any other sort. for me, apple works a little bit better than android. i have had an android before. it didn't do too well with me. it's just what my parents always got me and it'sjust easy to stick with it. the rest of my family also has an iphone so they're - just very compatible. all of which makes it one of the most successful companies. last year sales ofjust iphone made it more than £150 billion in revenues. that much profit, as well as so many customers, tends to attract the attention of government officials. and now the us department ofjustice, along with 16 different states, has filed a lawsuit against apple. as our complaint alleges, apple has maintained a monopoly power in the smartphone market not simply by staying ahead of the competition on the merits, but by violating federal antitrust law. apple denies the accusations, saying in a statement... leaving apple in the us government headed for a lengthy argument

let's talk to michelle fleury in new york.

excuse michelle fleury. me! michelle, he's got a lot of excuse me!ndfall. yeah, this is donald trum - 's windfall. yeah, this is donald trump's social _ windfall. yeah, this is donald trump's social media - windfall. yeah, this is donald l trump's social media platform, windfall. yeah, this is donald - trump's social media platform, which through a merger that was approved, essentially pave the way for it to become a publicly traded company. here we are the first day of trading, and certainly, if you look at it, former president donald trump just became a lot wealthier on paper. theyjumped by as much as 55%. it's up about 46%. what this shows is the popularity of this listing, despite the fact that in the first nine months of last year, the first nine months of last year, the company lost $49 billion. this listing has essentially captured the public�*s attention. many people buying up chairs in the company to express their support for the former president, who is campaigning to return to the white house. trump, was a majority stake in this, now is wo

joining us now from new york is michelle fleury. michelle mcfleury as i would be tempted to say in other circumstances. what is going on? restau ra nts restaurants have been affected overnight and it seems to be able to play a big issue in bangkok, australia, also where you are in the uk and ireland. some stores had to close reportedly because the it systems went down, people were not able to order because of the touchscreens are not able to place mobile orders. in some cases they went back to pen and paper to take orders and that old thing of accepting cash. all of this has been accepting cash. all of this has been a black eye for the chicago —based company who have come out and said it is not related to a cyber security attack but they have not given any more details about what caused the outage. they said in a statement we are aware of a technology outage which impacted our restaurants. the issue is now being resolved. if you haven't been to a mcdonald's lately it is all a very computerised affair now placing an order. do we have

our business correspondent michelle fleury has the latest from new york.rld own an iphone. the appeal is how easy it is to use. �* . the appeal is how easy it is to use, i ., ., , the appeal is how easy it is to use. �* . ., , _ use. but a lawsuit filed by the us justice _ use. but a lawsuit filed by the us justice department - use. but a lawsuit filed by the us justice department and . use. but a lawsuit filed by the us justice department and 16 | usjustice department and 16 other states accuses the company of blocking bibles from accessing hardware and software features on its iphone to support its dominance in the smartphone market.- smartphone market. apple char: es smartphone market. apple charges as _ smartphone market. apple charges as much _ smartphone market. apple charges as much as - smartphone market. apple charges as much as nearly| smartphone market. apple - charges as much as nearly $1600 for an iphone. charges as much as nearly $1600 foran iphone. but charges as much as nearly $1600 for an iphone. but as our complaint alleges, apple has mai

the bbc�*s michelle fleury has more from new york.just became a lot wealthier, at least on paper. shares in the parent company of truth social closed just under $58, up 16% on its first day of trading as a public company. at one stage, it was up more than 50%. because mr trump is the majority owner, his stake in the company is worth around $4.5 billion, which makes the former president one of the richest 500 people in the world according to bloomberg. with his newfound wealth, mr trump could sell some of his stock to help pay for is mounting legal bills as he faces both civil and criminal proceedings. but he will have to wait. he is barred from selling his shares for six months. it's not clear where the stock will be trading when that agreement expires. truth social, found that after the former president was kicked off major social media platforms following the january 6 capitol riot has said it expects to continue losing money for a while. many of the shareholders are small—time investors trying to show their support for mr trump, as

michelle fleury, bbc news, new york.an kemp, chief research and investment officer, morningstar. it's the question on everybody�*s lips. dan, tell us, when will the central bank start cutting rates? well, mark, hello. yes, it is the question on everyone's lips. in the short answer is it's very likely to be today. the market's price index expectation for interest—rate cuts, you can go see what is expected, and really at the moment people are expecting about three interest—rate cuts before the end of the year. they are not expecting it today. it is unlikely to start now and if inflation continues to be sticky, which is what we saw last week, then the fed is likely to delay. so unlikely to be any surprises today, but people will be really eagerly watching the press conference thatjerome powell will be that jerome powell will be giving thatjerome powell will be giving later on to try to get that sense of when those cuts may start to happen. everyone is waiting for this next leg in the story when interest rates started coming

michelle fleury has more. there is a major shakeup at boeing.n says he will lead by the end of this year. he did on thejob in 2020 after 2737 makes jets crashed killing 346 people. now boeing is grappling with its biggest crisis since then after a door flew out of a 737 max jogged out to take off. dave calhoun says he isn't living immediately because he says he was busy bowing to his latest turbulence. federal investigators found problems with boeing's 737 production process. boeing stocks raised on the news. analysts called the shakeup positive for boeing but stressed a lot depends on who succeeds mr calhoun, and his ability to change the culture of the organisation from the top. mr colquhoun was one of three departures announced on monday. as boeing works to win back trust, and a letter to staff, they calhoon called it a watershed moment for boeing which is at must demonstrate a total dedication to safety and quality. ——in a letter to staff, dave calhoun. michelle fleury there and as she mentioned, mr calhoun was brought in in early 2020 after

michelle fleury there. let's get some of the day's other news now.ndreds of sub—postmasters wrongly convicted in britain's post office scandal. the legislation is expected to clear the majority of victims in england and wales by the end ofjuly. prime minister rishi sunak said it's "an important step forward" in clearing hundreds of sub—postmasters. people who were not convicted but made up shortfalls from their own pockets will get £75,000. lawyers for the boeing employee—turned—whistleblower found dead by apparent suicide have hailed him as "a brave, honest man of the highest integrity". mr barnett retired after working more than 30 years at boeing in 2017. he was giving evidence in a lawsuit against the company before his death. two of his attorneys called on police to fully investigate how he had died. robert turkewitz and brian knowles told the bbc that mr barnett was "in very good spirits and really looking forward to putting this phase of his life behind him." in the us, the central bank received the news it didn't want to hear — inflation has

michelle fleury, bbc news, new york.n 2009. the inquiry also found that managers didn't know about allegations against him while he was working there. the findings come after a channel 4 dispatches investigation revealed allegations of rape, assault and emotional abuse. brand has strongly denied the claims. labour's deputy leader angela rayner has been dogged by questions in recent weeks over her tax affairs. it's in relation to the sale of a house in stockport nine years ago, and whether she should have paid capital gains tax. newsnight�*s political editor nick watt has been speaking to her. i've been very clear. there was no rules broken. the police — they tried to manufacture a police investigation. they said there's no issues there. i got tax advice, which says there was no capital gains tax. it's a nonstory, manufactured to try and smear me. and you can see newsnight�*s full coverage on all of this, over on bbc two, from 10.30. wales have beaten finland, 4—1, in their men's euro 2024 playoff semifinal in cardiff. it

the bbc�*s michelle fleury sent this report. cutting back.ding less on the things that used to have to have, like a visit to the hairdresser. it is putting a strain on this small business owner, who runs this salon in harlem. last quarter— this salon in harlem. last quarter it _ this salon in harlem. last quarter it was _ this salon in harlem. last quarter it was very - this salon in harlem. last quarter it was very very . quarter it was very very dismal. it was the worst i have seenin dismal. it was the worst i have seen in a long, long time. does when she _ seen in a long, long time. does when she thought _ seen in a long, long time. does when she thought she - seen in a long, long time. does when she thought she would i when she thought she would close her doors for good, business picked up. she has just hired two new stylist. i5 just hired two new stylist. i3 started picking up the week after the new year. i do believe the talk of interest rates going down and inflation going down, and thenjust everyone wanting to get back out there. ever

the bbc�*s michelle fleury sent this report. spending less on things they used to need. diane runs a salon _ things they used to need. diane runs a salon in _ things they used to need. diane runs a salon in harlem. - things they used to need. diane runs a salon in harlem. last - runs a salon in harlem. last uuarter runs a salon in harlem. last quarter it — runs a salon in harlem. last quarter it was _ runs a salon in harlem. last quarter it was very - runs a salon in harlem. last quarter it was very dismal. i runs a salon in harlem. last| quarter it was very dismal. it was the worst i've seen in a long time. was the worst i've seen in a long time-— long time. just when she thou . ht long time. just when she thought she _ long time. just when she thought she would - long time. just when she thought she would have l long time. just when she i thought she would have to long time. just when she - thought she would have to close her doors for good, business picked up. she hasjust hired two new stylists. figs picked up. she has 'ust hi

the bbc�*s north america business correspondent michelle fleury in new york has more.dent biden outlined his election year budget pitch including tax breaks for families, lower healthcare families, lower healthca re costs families, lower healthcare costs and a higher taxes on wealth incorporation as well as trying to get more money to help your defend itself against russia and for aid for israel. if the biden budget became law, it would save $3 trillion through higher taxes over ten years but it would also push you is that over 100% of gdp. by you is that over 100% of gdp. by contrast, donald trump's economic vision is the more tariffs, to pump more oil and to cut taxes. president biden has made kitchen sink issues essential part of his election. trying to win over americans unhappy with the post pandemic economy. although it has little chance of being approved by congress, it is a blueprint of what could occur if the democrats win in november. a former boeing employee known for raising concerns about the firm's production standards has been found dead in the us. john

the bbc�*s michelle fleury has more from new york.ime may be running out for tiktok in its largest market — the united states. if successful, new legislation would force tiktok�*s chinese owner, bytedance, to find a new non—chinese owner orface removal from us app stores. ahead of a house vote on the bill on wednesday, lawmakers received a classified briefing from intelligence officials on the administration's worries about the video app and how it could potentially use data it collects from americans. democrats said the stakes couldn't be higher. my concerns are they will try to influence the election and elect donald �*tiktok�* trump. presidential hopeful donald trump. —— among those opposing the ban, presidential hopeful donald trump. still, republicans backing the bill largely dismissed concerns about trump's backlash weighing the party from getting the legislation done. trump's comments actually, you can square them with what the bill does, to put differently, to put a finer point on it, the bill doesn't shut down tiktok and forc

the bbc�*s michelle fleury sent this report. would have to close her doors for good but business picked up and she has hired new stylists. it business picked up and she has hired new stylists.— hired new stylists. it actually started picking _ hired new stylists. it actually started picking up _ hired new stylists. it actually started picking up the - hired new stylists. it actually started picking up the week. started picking up the week after new year. i believe the talk of interest rates going down, inflation going down, and thenjust everyone down, inflation going down, and then just everyone wanting to get back out there... then just everyone wanting to get back out there. . .- then just everyone wanting to get back out there... after the federal reserve's _ get back out there... after the federal reserve's aggressive l federal reserve's aggressive campaign to tame inflation, many are now eagerly awaiting the fed's first rate cut to keep the economy humming. including on the campaign trail. the fed is looking at multiple int

the bbc�*s north america business correspondent michelle fleury in new york has more.dent biden outlined his election year budget pitch. it includes tax breaks forfamilies, lower healthca re costs and higher taxes on the wealthy and corporations, as well as trying to get more money to help ukraine to help defend itself against russia and for aid for israel. if the biden budget became law, it would save $3 trillion through higher taxes over ten years, but it would also push us debt over 100% of gdp. by contrast, donald trump's economic vision is for more tariffs, to pump more oil and to cut taxes. president biden has made kitchen sink issues a central part of his re—election message, trying to win over americans unhappy with the post—pandemic economy. although this budget proposal has little chance of being approved by congress, it is a blueprint of what the future could hold if the democrats win in november. a former boeing employee known for raising concerns about the firm's production standards has been found dead in the us. john barnett had worked for boeing for 32

michelle fleury, bbc news new york. that's it for this edition of asia business report. of the table after a tense day in the battle to win the premier league. arsenal lift the league trophy after a late goal against chelsea — stopping them from winning the quadruple. and he can't stop winning — jannick sinner takes the title in miami. hello and welcome to the programme, where we'll start in the english premier league as liverpool have moved to the top of the table after their 2—1 victory over brighton. the visitors took the lead through danny welbeck afterjust two minutes, but goals from luis diaz and then a winner from mohamed salah gave manager jurgen klopp's side all three points. in games against brighton, we were never close. so today, calm, chasing them in the right moments, so many good things for a football coach. and that is why i am really happy with the result as well. yes, it is nerve—racking, sorry, for all of us, but that is the first of the last ten. let's keep going.

michelle fleury is our new york business correspondent. give us a sense of what we know so far?t is happening there? we had a ress far? what is happening there? we had a press conference _ far? what is happening there? we had a press conference a _ far? what is happening there? we had a press conference a short _ far? what is happening there? we had a press conference a short while - far? what is happening there? we had a press conference a short while ago i a press conference a short while ago in which the focus is very much on search and rescue and there are six individuals whose whereabouts is unknown and that very much as the priority, ahead of some of the business concerns, but if you want to look further down the line, there is no doubt that the ramifications of what has happened overnight will be felt for quite some time. essentially, we are looking at one of the major american ports frozen for months ahead and we will talk a lot about infrastructure and the need to rebuild the bridge. there is a lot but as i said, right now, the focus of officials on the ground very much

michelle fleury has more from new york.ime may be running out for tiktok and its largest market, the us. if successful, new legislation would force the chinese owner to find a new non—chinese owner. 0rface removal from us app stores. lawmakers received a classified briefing from intelligence officials. and how it could potentially use data from americans. democrat said the stakes couldn't be higher. my concerns as they will try to influence the election and elect donald tiktok trump. presidential hopeful donald trump still republicans back in the bill largely dismissed concerns about trump's backlash weighing the party from getting the legislation done.— the legislation done. trump's comments. — the legislation done. trump's comments, you _ the legislation done. trump's comments, you can - the legislation done. trump's comments, you can square i the legislation done. trump's i comments, you can square than what the bill does, what a fine upon it, the builders and shutdown tiktok and force all of tiktok�*s users onto faceboo

michelle fleury. some management shake—up. what's going on. you some management shake-up. ., . . going on. you have the chief executive. — going on. you have the chief executive, dave _ going on. you have the chief executive, dave calhoun, i going on. you have the chief- executive, dave calhoun, whose to step down at the end of this year. his department as part of this broader management shake—up and you also have stern deal, the head of the division that makes the plane for commercial customers, he will retire immediately and is going to be replaced by stephanie pope. meanwhile you've got the company also announcing its chairman will not stand for election to the board. why is this all happening? because boeing is grappling with its most significant safety crisis in years. it's a crisis that has left its customers frustrated. last week a group of us airline ceos sought meetings with boeing directors to express their concern over what has been going on, starting recently with that alaska airlines incident. that was when a door plug fell out. it is an unusual sign, you don'

joining me now is our north america business correspondent, michelle fleury.s is a landmark case that appple is facing. == this is a landmark case that appple is facina. m, this is a landmark case that appple isfacina. a, , this is a landmark case that appple isfacin. a, , this is a landmark case that appple isfacin. , , is facing. -- apple is facing. this was an attempt _ is facing. -- apple is facing. this was an attempt to _ is facing. -- apple is facing. this was an attempt to shore - is facing. -- apple is facing. this was an attempt to shore up - is facing. -- apple is facing. this was an attempt to shore up or. is facing. -- apple is facing. this i was an attempt to shore up or flex the muscles of anti—trust enforcement, because what sets this apart from other actions we have seenin apart from other actions we have seen in recent times is that they are going after apple's entire model, the ecosystem that underpins the products. a lot of people like the products. a lot of people like the iphone because it is simple and easy—to—use, and part of that is th

with more, here's our north america business reporter michelle fleury.arent company of truth social closed just under $58, up i6% on its first day of trading as a public company. at one stage, it was up more than 50%. because mr trump is the majority owner, his stake in the company is worth around $4.5 billion. that makes the former president one of the richest 500 people in the world, according to bloomberg. with his new—found wealth, mr trump could sell some of his stock to help pay for his mounting legal bills, as he faces both civil and criminal proceedings. but he'll have to wait, since he's barred from selling his shares for six months. and it's not clear where the stock will be trading when that agreement expires. truth social, which was founded after the former president was kicked off major social media platforms following the january 6th capitol riot, has said it expects to continue losing money for a while. many of the shareholders are small—time investors trying to show their support for mr trump, as well as trying to cash in on the frenzy su

here's more from the bbc�*s north america business correspondent michelle fleury in new york.s, as well as trying to get more money to help ukraine defend itself against russia and for aid for israel. now, if the biden budget became law, it would save $3 trillion through higher taxes over ten years, but it would also push us debt over 100% of gdp. by contrast, donald trump's economic vision is for more tariffs to pump more oil and to cut taxes. president biden has made kitchen sink issues a central part of his re—election message, trying to win over americans unhappy with the post—pandemic economy. although this budget proposal has little chance of being approved by congress, it is a blueprint of what the future could hold if the democrats win in november. there is more on all those stories online. we will see you for another addition very soon. goodbye. bbc bringing you different stories. drinking water bubbling up from underground. it is mid—morning on a street in redhill and teams have already located the problem. thanks to ai technology which triggered an alarm just after

michelle fleury has more. more than 1 billion of us around the world own an iphone. any other sort. for me, apple works a little bit better than android. i've had android before. it didn't do too well with me. it's just what my parents always got to me, and it'sjust easy to stick with it but i've never really looked into anything else, which is the main reason why i've never switched. i think having an iphone is - practical because, like, i have... the rest of my family also has an iphone, i so they are just very compatible. all of which makes it one of the most successful companies. last year, sales ofjust the iphone made it more than £150 billion in revenues. and that much profit, as well as so many customers,

here is michelle fleury. >> more than a billion people around the world own an iphone. them, the appeal lies in how easy it is to use features like imessage, apple pay, and the apple watch. but a lawsuit filed by the u.s. justice department and 16 other states accuses the company of blocking rivals from accessing hardware and software features on its iphone to supportts dominance in the smartphone market. >> apple charges as much as nearly $1600 for an iphone. but as our complaint alleges, apple has maintained monopoly power in the smartphone market not simply by staying ahead of the competition on the merits, but by violating federal antitrust law. consumers should not have to pay higher prices because companies break the law. michelle: apple denies the accusations, saying in a statement, this lawsuit presents who we are and the principles that set apple products apart. if successful, it would hinder our ability to create the kind of technology people expect from apple. we believe this lawsuit is wrong on the facts and law, and we defend against it. representatives for

the bbc�*s michelle fleury has more from new york.y people, it's almost unthinkable that they would use any other sort. for me, apple works a little bit better than android. i have had an android before. it didn't do too well with me. it's just what my parents always got me and it'sjust easy to stick with it. the rest of my family also has an iphone so they're just very compatible. i think having an iphone is practical— i think having an iphone is practical because of- i think having an iphone is practical because of rest l i think having an iphone is| practical because of rest of i think having an iphone is - practical because of rest of my family— practical because of rest of my family have _ practical because of rest of my family have an— practical because of rest of my family have an iphone - family have an iphone and they're just _ family have an iphone and they're just very— family have an iphone and . they're just very compatible. all of which makes it one of the most successful companies. last year sales ofjust iphone made it

michelle fleury has more from new york. new legislation would force the chinese owner to find a new non—chinese owner. 0rface removal from us app stores.

the bbc�*s michelle fleury has more from new york.at they would use any other sort. for me, apple works a little bit better than android. i have had an android before. it didn't do too well with me. it's just what my parents always got me and it'sjust like, easy to stick with it. but i've never really| looked into anything else, which is the main reason why i've never switched. - i think having an iphone is i practical because like i have, like the rest of my- family also has iphones. and so it's they're i just very compatible. all of which makes it one of the most successful companies. last year, sales ofjust the iphone made it more than £150 billion in revenues.

we had from our business correspondent michelle fleury, talking about this walled garden approach wherencourage everyone to use apple products and they make it easy to link between apple products and perhaps difficult to link to other phones. listening to the attorney general, that seems to be what the problem is. absolutely. apple likes to have overwhelming control over everything that happens in its ecosystem, the walled garden. and agencies worry that they shuts out competition. the european commission found that the music streaming sector was worth $2 billion. there were all these arguments about apple having too much control. in the long run, apple is a very innovative company. the more competition is shut out, consumers lose out and overpay. in the middle east, israeli forces say they ve killed fifty palestinian gunmen in continuing fighting around al— shifa hospital in gaza city. combat has raged for days in and around the complex, which is crowded with patients and displaced people. hamas authorities accuse the army of having killed "dozens of displaced people, patients and medi

our business correspondent michelle fleury has more.e had to decide a couple of things and took into account age, losses involved an impact on the victims and also the message of the tarrant and he settled on 25 years for sam bankman—fried, sending him to prison for that time. it was less than lawyers who had been prosecuting the case had asked for you wanting, 14—15 years and by contrast lawyers for mr bankman—fried said he should get less than seven years. judge lewis kaplan decided that splitting the difference somewhere in the middle was the way to go. the judge clearly thought that although mr bankman—fried has autism, as he said in court, sometimes he can be a bit socially awkward, the judge clearly thought this was a serious crime in order to send the message of deterrent and was also not convinced that mr bankman—fried had shown enough remorse and he was not convinced that he might not try to essentially cheat people potentially again. that is why he settled on this lengthy sentence, one that white—collar lawyers, professors hav

the bbc�*s michelle fleury has more from new york.ytedance, to find a new non—chinese owner orface removal from us app stores.

michelle fleury has more. there was a little something for everyone in this month's jobs report. is running too hot. there was something for them too because the unemployment rose to a two—year high of 3.9%. it is partly because more people began looking for a job and could not immediately find one. when more people look for work, it becomes easierfor people look for work, it becomes easier for businesses to fill positions without paying more. perhaps helping to keep a lid on inflation. all of which should lead america's central bank to cut rates over the summer, which is what most experts have been forecasting. the fact that jobs are still being created i'll get —— also gives weight to the president's case. and before we go, just want to bring you our most read story from our website today bbc.com/news. in a much—anticipated new report, the pentagon has revealed that a huge spike in ufo sightings in the 1950s and �*60s were actually caused by extensive military tests of highly—advanced spy planes and new space—age technology. the pentagon says a number of secret projects involve

let's speak to our business correspondent in new york michelle fleury good to see it, explain what thiss good to see it, explain what this is all about. �* , ., all about. it's worth remembering for many peeple _ all about. it's worth remembering for many people who _ all about. it's worth remembering for many people who like - all about. it's worth remembering for many people who like apple . for many people who like apple products because they market themselves and brand themselves as simple to use. but it is that simplicity and business model that is being challenged by this lawsuit in the business model being that they've had this kind of closed off ecosystem which means that it's software isn't always open to rivals who would like access to it and the department ofjustice and accusing the company of doing this basically to control and maintain a monopoly of power in the smartphone market. what happens next? we of power in the smartphone market. what happens next?— of power in the smartphone market. what happens next? we have this case now and it will — what happens next? we have th

joining me now is our north america business correspondent, michelle fleury.case that appple isfacina. a, , this is a landmark case that appple isfacin.. a, , this is a landmark case that appple isfacin.. , , is facing. -- apple is facing. this was an attempt _ is facing. -- apple is facing. this was an attempt to _ is facing. -- apple is facing. this was an attempt to shore - is facing. -- apple is facing. this was an attempt to shore up - is facing. -- apple is facing. this was an attempt to shore up or. is facing. -- apple is facing. this i was an attempt to shore up or flex the muscles of anti—trust enforcement, because what sets this apart from other actions we have seenin apart from other actions we have seen in recent times is that they are going after apple's entire model, the ecosystem that underpins the products. a lot of people like the products. a lot of people like the iphone because it is simple and easy—to—use, and part of that is the idea that it has

let's head over to new york and speak to our north america business correspondent michelle fleury.s far as the fed is concerned, it is about how they respond to this number. it is not going in the direction they wanted it to. the tricky word _ direction they wanted it to. the tricky word that _ direction they wanted it to. tue: tricky word that you direction they wanted it to. tte: tricky word that you were stumbling over, sticky, and a lot of this is to do with housing. you can't look at these numbers without talking about that in part because you mentioned the core number 3.8%, and two thirds of that was as a result of higher housing costs, and that has been the big story. in part typically, an area that is very sensitive to high interest rates that have been rising to try and dumbed down inflation but because there is a shortage of supply, prices in houses have gone up —— dampen down inflation. rents remain very high. it has been a struggle for most americans and you see that playing out in the polling and it continues to be a problem in the inflation data. the hope is that will