michelle fleury in new thank you. airline industry after one of the biggest carriers easyjet reported a jump in profit for the three months tojune sending shares soaring. easyjet says it's not seeing any weakening demand for air travel and is on track for a record summer, with fare prices holding up. it's a stark contrast with low cost rival ryanair which caused turbulence across the industry as it reported a slump in profits over the same period. we asked travel expert simon calder to explain the difference in fortunes. really good question. basically, it's all to do with easyjet saying, "we've got "the best possible network using primary airports". so here in london, for instance, they're flying into london gatwick, which a lot of people prefer, as well as luton and stansted, which is ryanair�*s main base, but more particularly, as well as bringing many tourists to london, they are taking loads and loads of brits on holidays and in april, may and june, they saw steadily rising load factors filling up their planes in

the bbc�*s north america business correspondent michelle fleury has all the details. going through a slump, tesla may have finally turned a corner thanks to demand for its model three sedan and its model y suv. the company delivered nearly 444,000 cars in the last three months, a figure that is up sharply from the previous quarter, although it's still down nearly 5% from a year ago. as a result of these better than expected performance, tesla retains the title as the world's top seller of electric cars. meanwhile, there was also good news out of general motors. the detroit auto—maker said electric car sales hit a new record, but those double digit gains still account for only a small percentage of its overall business. nonetheless, the upbeat news is being seen as a positive sign at a time when us car—makers face increased competition from the likes of chinese firm byd, as well as lukewarm consumer demand for electric vehicles. the clock is ticking for chinese and the european union negotiators who are in talks over the eu's plans to impose tariffs on chinese electric

data boosted hopes for interest rate cuts as the bbc�*s north america business correspondent michelle fleuryts. wall street's record—breaking rally, what drove it, investors digested several reports pointing to a slowing economy. hiring by private employers were higher in june, mcdonald's has been forced to shorten its breakfast timings in australia by 90 minutes, amid a shortage of eggs thanks to bird flu outbreaks. the disease has been making the rounds in the country over the past few months, forcing authorities to euthanize over a million affected hens. in a statement mcdonald's said they were working hard with farmers across australia and their suppliers to return back to normal as soon as possible. chinese president xijinping has met with russian president vladimir putin in astana, kazakhstan. this is their second meeting in less than two months took place on the sidelines of the shanghai cooperation organisation summit, which was founded by both countries in 2001. beijing has been trying to wield influence in central asia — which is what moscow is also keen to do. project, the belt an

from new york, here's michelle fleury.ny behind chatgpt is testing a new search engine that uses generative artificial intelligence to produce results. now openai said the searchgpt will launch with a small group of users and publishers before a potential wider roll—out. the search engine starts with a large text box that asks the user, "what are you looking for?" after entering your query, rather than giving you a plain list of links, searchgpt tries to make sense of them. sam altman was full of fighting talk, posting on social media, "we think there's room to make it much better than it is today." right now it is just a prototype, but it could mark the start of a threat to google's dominant search engine — and it comes at a difficult time for google, which is awaiting a federal judge's ruling this autumn on a landmarkjustice department antitrust lawsuit which is targeting its alleged monopoly over the online search market. openai, as i said, did not specify a specific timeline for when searchgpt will get a wider roll—out

data boosted hopes for interest rate cuts as the bbc�*s north america business correspondent michelle fleuryins. wall street's record—breaking rally, what drove it, investors digested several reports pointing to a slowing economy. hiring by private employers were higher injune, a report on service sector activity from the institute of supply management was also negative. but rather than wearing investors, it boosted traders hope that this would be enough to convince america central bank to cut interest rates sooner. the market was also lifted by tesla, shares in the electric car maker rose 65%, day after reporting a milder drop in sales for the spring than analysts had feared. it was one of the strongest forces, pushing out the s&p 500 along with al darling nvidia. a reminder, all us markets are closed on thursday in observance of the fourth ofjuly holiday. but it will be back to business as usual on friday when the labour department releases its all—important june jobs department releases its all—importantjunejobs report. all—important june jobs report. microsoft will all—importantjunejobs

the bbc�*s michelle fleury sat down with the ceo of the leadership now project, a coalition of executivesexplained how high the political stakes are. we have respectfully asked president biden to pass the torch to a new generation of leaders. we believe that there are multiple leaders and the democratic party would be well—equipped to be our president and effectively make the case about the risks that donald trump in the current republican party presents. mb? republican party presents. why did ou republican party presents. why did you feel _ republican party presents. why did you feel it _ republican party presents. why did you feel it was so important to speak i was at stake in?— important to speak i was at stake in? ~ , , stake in? we believe the number one risk is— stake in? we believe the number one risk is that _ stake in? we believe the number one risk is that former _ one risk is that former president trump wins in november and that was our driving concern and speaking out and secondarily we know it's really hard to step out against the president and he was going to take courage fr

the bbc�*s michelle fleury sat down with the ceo of the leadership now project, a coalition of executiveso explained how high the political stakes are. we have respectfully asked president biden to pass the torch to a new generation of leaders. we believe that there are multiple leaders in the democratic party would be well—equipped to be our president and effectively make the case about the risks that donald trump in the current republican party presents. why did you feel it was so important to speak on what's at stake? we believe the number one risk is that former president trump wins in november and that was our driving concern in speaking out and secondarily we know it's really hard to step out against the president and it was going to take courage from political leaders, his advisers and others to encourage them to step down and we want to show that courage with our networks have been more freedom to publicly come out and express their view. at the time when we are talking joe biden is resolutely saying he is not going anywhere and remains the party's candidate. i understand that and

a potential interest rate cut is also driving market gains, as michelle fleury reports. after last week's drop in consumer prices, odds rose that america's central bank would cut interest rates at its meeting in september. now, that view got a boost on monday from the head of the us federal reserve. speaking at the economic club of washington, jerome powell appeared optimistic that inflation, well, that it was moving in the right direction and that the bank didn't need to wait for it to hit its 2% target to lower rates. so we've been very clear that you wouldn't wait for inflation to get all the way down to 2%. our test has been for the past quite some time that we wanted to have greater confidence that inflation was moving sustainably down toward our 2% target. and what increases that confidence in that is more good inflation data. and lately here, we have been getting some of that. you may remember at the start of this year, many economists had pencilled in several rate cuts by september from its current level of 5.25% to 5.5%. however, stubbornly high prices and a hot

i am michelle fleury. there is a collective sigh of relief across wall street as the markets open broadly flat after a brutal sell—off in big tech shares which turned into a market rout on wednesday, wiping trillions of dollars off the market value here in the us and asia and europe. the snp 500 and nasdaq both had their worst days since 2022, restoring some confidence, better than expected economic data here in the united states. we will get that in some detail in a moment. let's go to nashville tennessee and speal to david waddell, president and chief investment strategist at waddell & associates. welcome back to the show. yesterday was the worst day in a year and a half or us markets. now we have had time to sleep on it, what happened? well, it wasn't quite as bad as it appeared. the magnificent seven was down 6% of a cohort. they make up 3% of the index. the other a93 were only down 1%. this sell—off was yesterday. it started when the lighter than inflation report came out on the 10th ofjuly. from that

iam i am michelle fleury.hares here in the us are sinking in york, led by the big tech names propelled to highs in recent weeks. that is despite some strong results from alphabet, the owner of google and youtube, which had seen profits and salesjump. investors are youtube, which had seen profits and sales jump. investors are focusing instead on the huge amount being spent on aland wondering if it will pay off. spent on al and wondering if it will pay off. also causing concern, a big slump in profits at tesla. more on that at the moment, all eyes were now on some key inflation coming up and hopes for a us interest rate cut, as well as of course the election. let's speak to anna rathbun, chief investment officer at cbiz investment advisory services. thank you forjoining us. if i could start with politics, the stepping down ofjoe biden has really reset the race. a new poll shows kamala harris with a narrow lead over donald trump. what about wall street, has it reset expectation for investors? �* ., ~ , investors?

with the latest from new york, here's the bbc�*s north america business correspondent michelle fleurymount of special sauce can make higher prices more palatable, as mcdonald's has found out. sales sputtered, consumers around the world, shying away from the higher cost of burgers, fries and soft drinks. even the ceo admitted it was too expensive. beginning last ear, it was too expensive. beginning last year. we — it was too expensive. beginning last year, we warmed _ it was too expensive. beginning last year, we warmed of - it was too expensive. beginning last year, we warmed of a - last year, we warmed of a more terminating consumer, particularly among lower income households. as this your progress, those pressures have deepened households. as this your progress, those pressures have deepened and households. as this your progress, those pressures have deepened and broadened. households. as this your progress, those pressures have deepened and broadened. fin households. as this your progress, those pressures have deepened and broadened. fin a deepened and broadened. on a call, mcdonald

i'm michelle fleury. an olympic opening ceremony like no other has just wrapped in paris.ng with the olympic cauldron floating in the sky in a hot air balloon. paris was transformed into a series of giant stages, with the usual 0lympic rituals accompanied by extravagant and at times off—beat celebrations of french culture. the day got off to a difficult start after several acts of sabotage on france's high—speed railway network disrupted the journey to the ceremony for many travellers. more on that in a moment, but first, maryam moshiri has more on the spectacle on the seine. what a culmination, what an end to what has been at times a difficult day for the organisers of the paris olympics and, indeed, the ceremony. the day started with those train delays, with those

i'm michelle fleury. after the disruption, the drama...d's top athletes sailing down the river seine in heavy rain. bridges and riverbanks were used as catwalks, stages and grandstands, and the french—malian singer, aya nakamura. the olympic flame, which had been carried by a host of global sports superstars including rafael nadal, carl lewis and zinedine zidane was used to light a huge cauldron on a hot—air balloon that rose high into the paris sky. the culmination of the show included a surprise appearance from canadian superstar celine dion. the ceremony went ahead without disruption,

i'm michelle fleury. after the disruption, the drama — the paris olympics has opened with a grand display of french culture and heritage, and the world's top athletes sailing down the river seine in heavy rain. bridges and river banks were used as catwalks, stages and grandstands, with performances by a pink—feathered lady gaga, and the french—malian singer, aya nakamura. the olympic flame, which had been carried by a host of global sports superstars, including rafael nadal, carl lewis and zinedine zidane, was used to light a huge cauldron on a hot—air balloon that rose high into the paris sky. the culmination of the show included celine dion singing an emotional rendition of edith piaf�*s hymne a l'amour. the day got off to a difficult start, after several acts of sabotage on france's high—speed railway network disrupted the journey to the ceremony for many travellers. more on that in a moment, but first, maryam moshiri has more on the spectacle on the seine. what a culmination, what an end to what has b

with the latest from new york, here's the bbc�*s north america business correspondent michelle fleurygher cost of burgers, fries and soft drinks. even the ceo admitted it was too expensive. beginning last ear, it was too expensive. beginning last year. we — it was too expensive. beginning last year, we warmed _ it was too expensive. beginning last year, we warmed of - it was too expensive. beginning last year, we warmed of a - last year, we warmed of a more terminating consumer, particularly among lower income households. as this your progress, those pressures have deepened households. as this your progress, those pressures have deepened and households. as this your progress, those pressures have deepened and broadened. households. as this your progress, those pressures have deepened and broadened. fin households. as this your progress, those pressures have deepened and broadened. fin a deepened and broadened. on a call, mcdonald _ deepened and broadened. on a call, mcdonald said _ deepened and broadened. on a call, mcdonald said food, labour and paper costs had risen by as much as a0%,

a potential interest rate cut is also driving market gains, as michelle fleury reports.rica's central bank would cut interest rates at its meeting in september. now, that view got a boost on monday from the head of the us federal reserve. speaking at the economic club of washington, jerome powell appeared optimistic that inflation, well, that it was moving in the right direction and that the bank didn't need to wait for it to hit its 2% target to lower rates. so we've been very clear that you wouldn't wait for inflation to get all the way down to 2%. our test has been for the past quite some time that we wanted to have greater confidence that inflation was moving sustainably down toward our 2% target. and what increases that confidence in that is more good inflation data. and lately here, we have been getting some of that. you may remember at the start of this year, many economists had pencilled in several rate cuts by september from its current level of 5.25% to 5.5%.

the bbc�*s north america business correspondent michelle fleury has all the details.l three sedan and its model y suv. the company delivered nearly 444,000 cars in the last three months, a figure that is up sharply from the previous quarter, although it's still down nearly 5% from a year ago. as a result of these better than expected performance, tesla retains the title as the world's top

data boosted hopes for interest rate cuts at the bbc�*s north america business correspondent michelle fleurys digester and several reports pointing to a slow economy. hiring by private reporters was lower—than—expected injune,

for more on the stock sell—off, here's the bbc�*s north america business correspondent michelle fleury—off driving down major us markets. what is behind that? a couple of things. traders are starting to question if they have become too reliant on magnificent seven, not the film from the 19605 but a group of seven high performing stocks including alphabet, amazon, nvidia tesla microsoft and others. they all finished lower on wednesday. and $13 billion. that is how much google spent on its ai efforts in the last three months. the number spooked investors beginning to focus on the huge sums that are being spent on al and started to question if and when these bets will pay off. elon musk�*s announcement that he was pushing back the unveiling of robo taxes did not help either. price is also an issue as one market watcher told me, tech shares have become too expensive so investors are moving their money into traditional industries in anticipation of rate cuts from the federal reserve. a number of recent reports show progress on inflation will increase the odds that the central bank will cut

i'm michelle fleury. an olympic opening ceremony like no other has just wrapped in paris. in the heart of the city, flotillas carrying each of the national teams and international stars sailed down the seine, at times drenched by torrential rain, ending with the olympic cauldron floating in the sky in a hot air balloon. paris was transformed into a series of giant stages, with the usual olympic rituals accompanied by extravagant, and at times off—beat, celebrations of french culture. the day got off to a difficult start after several acts of sabotage on france's high—speed railway network disrupted the journey to the ceremony for many travellers. more on that in a moment, but first, maryam moshiri has more on the spectacle on the seine. what a culmination, what an end to what has been at times a difficult day for the organisers of the paris olympics and, indeed, the ceremony. the day started with those train delays, with those attacks on various train lines around france, but it ended with a real bang. the opening ceremony that was promised to be a joyful event, an event t

data boosted hopes for interest rate cuts as the bbc�*s north america business correspondent michelle fleuryts pointing

i'm michelle fleury. after the disruption, the drama... the paris olympics has opened with a grand display of french culture and heritage, and the world's top athletes sailing down the river seine in heavy rain. bridges and riverbanks were used as catwalks, stages and grandstands, and the french—malian singer, aya nakamura. the olympic flame, which had been carried by a host of global sports superstars including rafael nadal, carl lewis and zinedine zidane was used to light a huge cauldron on a hot—air balloon that rose high into the paris sky. the culmination of the show included a surprise appearance from canadian superstar celine dion. the ceremony went ahead without disruption, despite a string of apparently co—ordinated sabotage attacks on france's high—speed rail network early on friday, the motive for which remains unclear. more on that in a moment, but first maryam moshiri on the dazzling show from the city of light. what a culmination, what an end to what has been at times a difficult day for the organisers of the paris olympics a

i'm michelle fleury.d the world's top athletes sailing down the river seine in heavy rain. bridges and river banks were used as catwalks, stages and grandstands, with performances by a pink—feathered lady gaga, and the french—malian singer, aya nakamura. the olympic flame, which had been carried by a host of global sports superstars, including rafael nadal, carl lewis and zinedine zidane, was used to light a huge cauldron on a hot—air balloon that rose high into the paris sky. the culmination of the show included celine dion singing an emotional rendition of edith piaf's hymne a l'amour. the day got off to a difficult start, after several acts of sabotage on france's high—speed railway network disrupted the journey to the ceremony for many travellers.

the bbc�*s north america business correspondent michelle fleury has all the details.early 444,000 cars in the last three months, a figure that is up sharply from the previous quarter, although it's still down nearly 5% from a year ago. as a result of this better than expected

michelle fleury has been following the story.ke higher prices more palatable, as mcdonald's has found out. sales at the burger giant sputtered, consumers around the world shying away from the higher cost of burgers, fries and soft drinks. even the ceo admitted it was too expensive. beginning of last year, we warmed of a more terminating —— discriminating consumer, particularly among lower income households. as this your progress, those pressures have deepened and broadened. on a call with investors, mcdonald's said food, labour and paper costs had risen by as much as a0%, forcing it to raise prices. one analyst noted the godlen arches' price hikes were higher than its rivals. the pricing increases have been faster than the rest of the industry. consumers are savvy, they're aware of that. that cat needs to narrow after having the one, two menu. kind of disappear. —— that gap. they need something where there is consistent venue. —— value. price certainty matters a lot. the fast—food giant is working on fixes like extending the $5 m

data boosted hopes for interest rate cuts as the bbc�*s north america business correspondent michelle fleuryports pointing to a slowing economy. hiring by private employers were higher injune,

from new york, here's our north america business correspondent michelle fleury.all street record—breaking rally kept going on wednesday during late trading in an abbreviated session. what drove it was investors digesting several reports pointing to a slowing economy. hiring by private employers was lower than expected injune and the number of americans claiming unemployment was higher than forecast while a report on service sector activity from the institute for supply management was also negative. but rather than worry investors get boosted traders�* hopes that this was enough to convince american central bank to cut interest rates are not. the market was also lifted by tesla with shares an electric car maker rising 6.5%, day after reporting a milder drop in sales for the spring that analysts feared. it was one of the strongest forces pushing up the strongest forces pushing up the s&p 500 along with al dali nvidia. a reminder that all us markets are closed on thursday in observance of 4july holiday. but it will be back to business as usual on friday when the lab

iam i am michelle fleury., which had seen profits and sales jump. investors are focusing instead on the huge amount being spent on al and wondering if it will pay off. also causing concern, a big

i am michelle fleury.r a brutal sell—off in big tech shares which turned into a market rout on wednesday, wiping trillions of dollars off the market value here in the us and asia and europe. the snp 500 and nasdaq both had their

michelle fleury spoke to the leadership now project's ceo. believe that there are multiple leaders in the democratic party who would be well—equipped be our president and effectively make the case about the risks that donald trump and the current republican party presents. um? republican party presents. why did ou republican party presents. why did you feel _ republican party presents. why did you feel it _ republican party presents. why did you feel it was so important to speak out? what is at stake here? irate important to speak out? what is at stake here?— at stake here? we believe the number one — at stake here? we believe the number one risk _ at stake here? we believe the number one risk is _ at stake here? we believe the number one risk is that - number one risk is that former president trump wins in november, and so that was our driving concern in speaking out. second there earlier, we know that it is really hard to step out against the president, and it was going to take courage from political leaders, his advisers and others to enco

i'm michelle fleury. an olympic opening ceremony like no other has just wrapped in paris.ic rituals accompanied by extravagant, and at times off—beat, celebrations of french culture. the day got off to a difficult start after several acts of sabotage on france's high—speed railway network disrupted the journey to the ceremony for many travellers. more on that in a moment, but first, maryam moshiri has more on the spectacle on the seine. what a culmination, what an end to what has been at times a difficult day for the organisers of the paris

from new york, here's our north america business correspondent michelle fleury.thursday in observance of the 4th ofjuly holiday, but it will be back to business as usual on friday, when the labour department releases its report. investors have been hoping the fed can engineer a "soft landing" for the world's biggest economy — getting inflation under control without causing a recession. investment manager keith buchanan thinks they might have done it. it's really painting a picture for a soft landing. i had put those words together because they can come back together because they can come back to bite you, but the slowing that we have seen in the labour market coming off of slowing growth, it should start to bleed into unemployment either this month or the next two months. that leads us into september, where there is the likelihood of a cut. whether it comes fast enough to set the stage is it to be determined. but this is how the jobs market should be reacting to this incredibly tight monetary policy over the past two years. sinha haldea, global head of private ca