donald extra funding for ukraine. donald trump is back in court where prosecutors are calling for the judge to punish him for making public attacks on witnesses and jurors. time for a look at the business news now. we will talk about the ftse hitting an all—time high but i want to start with the us because it is earning seizing that is when we hear from the biggest companies in the largest economy in the world. it is the turn of tesla later and its shares have recovered slightly after dipping yesterday, after news that it slashed the price of its model three vehicle by around $2000 in major markets. including germany and china. that was after a similar price cut in the us. tesla has been grappling with falling sales and rising competition in the electric car market. that is causing many

investors to rethink how they value the company and shares have lost more than 40% of their value so far this year so we can now get the latest with eric delmore in new york —— erin. there is a big question about whether tesla is a car company or a tech company?— or a tech company? exactly, it is the reversal _ or a tech company? exactly, it is the reversal from _ or a tech company? exactly, it is the reversal from what _ or a tech company? exactly, it is the reversal from what we - or a tech company? exactly, it is the reversal from what we used l or a tech company? exactly, it is. the reversal from what we used to see from tesla because the questions used to circle around whether they could make enough cars to meet demand but now the question is more like, are there enough people who want to buy them? it has been a tough yearfor them want to buy them? it has been a tough year for them with shares down more than 40% and this reflects what the company has had to weather, competition from china, byd which overtook tesla briefly as the top make in the country, falling sales and cutting prices, a fire at a production centre in germany, and also supply chain issues stemming

from the red sea conflict. the company has announced lay—offs and it is worth mentioning that it is earning seizing with 33% of the snp 500 companies reporting this month —— earning season. 500 companies reporting this month -- earning season.— -- earning season. while you are with us, talk— -- earning season. while you are with us, talk about _ -- earning season. while you are with us, talk about the _ -- earning season. while you are with us, talk about the strength i -- earning season. while you are| with us, talk about the strength of the dollar, and given everything we have seen from the third, that interest rates may stay higher for longer, and the strength of the us economy, that has kept the dollar pretty strong, so not good news for everybody but what does it tell us? it is reflective of a big couple of undercurrents in the us economy, and a bit of a reversal story because at the beginning of the year the expectation was that the dollar would decline but at the beginning of the year we have the expectation that the federal reserve would cut interest rates a couple of times and earlier than what we are seeing now, the expectation is the earliest

being june, this is a note on how the us economy has proved resilient and strong in the face of tough economic headwinds including persistently high interest rates and it was a bit of a commentary on how the us seems to have swerved away from this widely predicted recession that everybody was so sure was coming. when we talk about the third, the higherfor longer stance third, the higher for longer stance they third, the higherfor longer stance they have embraced actually pumps up they have embraced actually pumps up the dollar and attracts foreign investment, the dollar is seen as a safe haven currency and that becomes especially true and appealing to investors when we see geopolitical shocks all around the world. erin. shocks all around the world. erin, thanks for— shocks all around the world. erin, thanks forjoining _ shocks all around the world. erin, thanks forjoining us. _ shocks all around the world. erin, thanks forjoining us. while the dollar is strengthening, the pound is weakening. that is good news for the ftse 100 index because it is weakening. that is good news for the ftse100 index because it means earnings made in foreign currencies look better in the uk. the list

reached a new record price at closing last night and has reached a new record today. a record high of 8000 14.3, new record today. a record high of 8000 1115, loss saw that in february of last year. this fresh all—time high is being driven by a weaker pound and the tensions in the middle east. the indexjust ending pound and the tensions in the middle east. the index just ending the day slightly higher so another record session closing this afternoon. we can talk to bob parker, another good couple of days for the ftse100, so what is driving the strength right now? �* , ., what is driving the strength right now? �* , . . what is driving the strength right now? �*, ., ., ., now? let's have a look at the background — now? let's have a look at the background and _ now? let's have a look at the background and you - now? let's have a look at the background and you have - now? let's have a look at the background and you have to l now? let's have a look at the - background and you have to emphasise how badly the ftse has underperformed over the last three years, the last five years, and if we just look at the last year, the global equity index is, in sterling, about 22% up, and the ftse is about

only 9% up, so the first point to make is that there is a catch up effect going on and what has been a badly underperforming market, investors are now looking at this, saying it is cheap, the price—earnings ratio is very low on the ftse and the uk equity markets generally compared, about half the value of the us market, so investors say we are under 0 the uk market, it is very very cheap and it is now attracting funds. 50 is very very cheap and it is now attracting funds.— is very very cheap and it is now attracting funds. so how long does it last until it — attracting funds. so how long does it last until it gets _ attracting funds. so how long does it last until it gets to _ attracting funds. so how long does it last until it gets to somewhere l it last until it gets to somewhere that looks a little more normal or certainly to a value that would be deemed to be acceptable? if rare certainly to a value that would be deemed to be acceptable? if we look at the price-earnings _ deemed to be acceptable? if we look at the price-earnings ratio, - deemed to be acceptable? if we look at the price-earnings ratio, the - at the price—earnings ratio, the ftse is at about 11 and the standard & poor�*s in dogs is about 20, and european equities at about 13 and 14

——index european equities at about 13 and 14 —— index is about 20. there are a number of positive factors and you mentioned sterling weakness, and against the dollar that continues, and inflation has come down and is probably going to come down further. most importantly, earnings numbers which last year were very bad indeed, and if we look into 2025, corporate earnings numbers are progressively going to be improving and of course the growth numbers for the uk economy have gone from being recessionary to i think modest growth, and we had last week the imf meeting where they are only forecasting 0.5% growth for the uk but if they are wrong that is because growth will turn out closer to 1%, so that background and the earnings background are positive and the market has been very under owed and in an environment where investors are looking more at value and high dividend defensive stocks,

the uk stands out as an attractive market. so that is a long way of saying there is more to go. that is my question _ saying there is more to go. that is my question about _ saying there is more to go. that is my question about the _ saying there is more to go. that is my question about the way - saying there is more to go. that is my question about the way that i my question about the way that developed economies are diverging right now, we have talked for so long about inflation being high to keep a lid on rising prices and the us possibly is holding off cutting rates but the uk could go sooner, couldn't it?— couldn't it? you have made an important _ couldn't it? you have made an important point _ couldn't it? you have made an important point which - couldn't it? you have made an important point which is - couldn't it? you have made an i important point which is whereas last year central banks all moved very much in line with each other, now that has now changed to a man you are right to say that the federal reserve will delay interest cuts and the first might be september, certainly not injune, but the european central bank will probably cut injune and along with it, high probability that the bank of england moves as well. the bank of england moves as well. the bank of england moves as well. the bank of england and the ecb, high probability that those central banks will cut interest rates more than

the federal reserve, and that implies that the strong dollar stays strong. implies that the strong dollar stays stroni. ., , ., ., implies that the strong dollar stays stron.. ., , ., ., ., . implies that the strong dollar stays stron.. . n, ., w strong. that is one to watch. bob, thanks for — strong. that is one to watch. bob, thanks forjoining _ strong. that is one to watch. bob, thanks forjoining us. _ strong. that is one to watch. bob, thanks forjoining us. now - strong. that is one to watch. bob, thanks forjoining us. now to - thanks forjoining us. now to australia. and its wine industry, where producers are relieved china's lawmakers have ended its tariffs on australian wine which led to a supply glut down under. but rekindling the business with the world's second largest economy, is going to take some time and effort, as phil mercer reports from sydney. the world has a taste for wine from australia. it's celebrating the lifting of duties imposed by what was its most valuable customer, china. but rebuilding a booming trade will take time. oh, i think there'll be a lot of work. and the chinese industry is so much built on relationships as well.

and having that time out of the market has meant that other people have stepped into those gaps that we left. so rebuilding those relationships will be a huge part of getting back into china. big challenges remain, even though the tariffs are being lifted. the diplomatic row between beijing and canberra cost australia its biggest overseas wine market. the value of its exports to china fell from more than $600 million at their peak to just under $7 million last year. but here in the hunter valley, there is a determination to try to claw back much of what was lost. a consequence of china's restrictions is a huge glut of wine in australia, estimated to be the equivalent of more than 850 0lympic swimming pools. growers have had to look elsewhere. we've put a bit of effort and time

into exploring newer markets such as vietnam, south korea, india and japan. and i think that's been welcome. i guess a silver lining from the i guess the stress that these tariffs have put on the australian wine industry. despite the tariffs, overall trade has been growing. china has, for example, still relied on australia for iron ore that's used in steel—making. those diplomatic tensions appear to be easing. the chinese foreign minister, - when he came, said that the parties should be able to rise - above their disagreements. so i think that's i really significant. there's goodwill on both sides and a joint desire i to continue to engage - and improve the relationship. china knows australian wine. they have a history of buying australian wine and even if it doesn't come back at the size that it was prior to these tariffs, it's still great news for the australian wine industry. and winemakers like to think that their glass is half full and not half empty. phil mercer, bbc news,

in the hunter valley. in other news... apple is facing a decline in high—end smartphone sales in china, when compared to its rivals. iphone sales fell i9% in the first quarter of this year, while huawei's grew by 69%, according to tech data analysts, counterpoint research. the data suggests that apple's dominance in the world's largest smartphone market could be under threat. the music streaming platform spotify has reported its earnings for the last three months showing a return to profit. premium subscribers, who account for most of the company's revenue, rose by 14% to 239 million despite the swedish music company spending less on marketing activities to draw in more listeners. those are the top business stories this hour. you are watching bbc

news.

this is bbc news. china's weather agency has raised highest alert ever after days of heavy rain caused massive flooding in the most popular province in the country. four people have died so far and ten are missing according to state media. laura bicker has more. powerful storms across southern china turned rivers into raging torrents. roads became fast flowing rapids cascading down village streets as hail the size of golf balls fell from the sky. watch the right hand corner

of the security camera. the bridge simply couldn't withstand the sheer force of the flood. the destruction became clearer in daylight, as did the number of people left stranded. some almost managed to sleep through their rescue, cradled from the worst of the rising floodwaters. but others cried for help as their streets were submerged. rescuers had to navigate their boats through a flooded urban landscape. tens of thousands of people were evacuated across the province. several regions stayed on alert as water levels rose over the weekend, drowning dozens of crops. 61—year—old huangjing rong couldn't save his farm from being swamped. translation: it was my home. everything is gone, all the seedlings are gone. i lost over 13,000 us dollars.

0ur fields over there are all flooded. guangdong is prone to floods, but not this early in the year. weather events in china have become more intense and unpredictable due to global warming. in guangdong, the clean—up can begin. officials will continue to monitor water levels in the hope that for now the worst has passed. laura bicker, bbc news, beijing. nasa says its voyager 0ne probe, the most distant man—made object in the universe, is sending usable information to earth again — after months of spouting gibberish. the spaceship left the solar system in 2012, and is currently more than 15 billion miles from earth — but it can still send data back. 0ur science correspondent victoria gill explains. actually, drjenifer millard is an astronomer at fifth star labs.

she'sjoining us from barry, wales to tell us more. talk us through what was going wrong? talk us through what was going wron: ? , , . talk us through what was going wron. ? , , ., ., , wrong? these began in november, when the craft was not — wrong? these began in november, when the craft was not sending _ wrong? these began in november, when the craft was not sending back— the craft was not sending back anything that we could unravel on earth, it was all nonsense. it seems to have been a hardware problem, one of the chips on board, part of the fight data system, one of the computers on board, has broken, and it is not surprising for something thatis it is not surprising for something that is four and a has been operating for nearly three and has been operating for nearly three and a half decades longer than it should have, so it means the code that was in the chip was not working properly —— four and a half years old. it has now been fixed and we can get some sensible data back from the probe. soon they will make some more software adjustments and we should get some lovely science data back. incredible thing. first of all the

process of basically repairing something so far away, in simple terms, how did they do this? it is not a physical— terms, how did they do this? it 3 not a physical repair, we cannot get to the probe and swap out the older chip and put in a new one, so we have had to be a bit clever and nasa have had to be a bit clever and nasa have had to be a bit clever and nasa have had two instead of using this particular part of the microchip out of the commuter to operate the commands, they are using different parts of the chip to use the software —— out of the computer. so they have ignored that little bit of they have ignored that little bit of the computer, using different parts of the computer. 50 the computer, using different parts of the computer.— of the computer. so what is it sendin: of the computer. so what is it sending back? _ of the computer. so what is it sending back? what - of the computer. so what is it sending back? what kind - of the computer. so what is it sending back? what kind of. sending back? what kind of information is it beaming all the way back to earth? that information is it beaming all the way back to earth?— information is it beaming all the way back to earth? at the moment it is health and — way back to earth? at the moment it is health and engineering _ way back to earth? at the moment it is health and engineering data, - way back to earth? at the moment it is health and engineering data, so i is health and engineering data, so is health and engineering data, so is everything else working, is the probe where we think it is and is it pointing in the right direction, things like that. no science data

yet but they are confident that the instruments are still working but it is a case that we need a different software to go on to different parts of the chip in order to access that science data again, they will repeat the process and it will take some time because it takes a long time to talk to voyager one, 22 hours to send a message and 22 hours to get one back. , �* , one back. interesting. and where is it iioin ? one back. interesting. and where is it going? out _ one back. interesting. and where is it going? out into _ one back. interesting. and where is it going? out into the _ one back. interesting. and where is it going? out into the galaxy - it going? out into the galaxy towards the _ it going? out into the galaxy towards the heart _ it going? out into the galaxy towards the heart of - it going? out into the galaxy towards the heart of the - it going? out into the galaxy - towards the heart of the galaxy, sailing in the space between the stars, this is why we want it to keep on going so voyager one and of course voyager two, probing the space between the stars, and it will be many decades before we get another craft to have a look at what is going on beyond the influence of the sun. it is going on beyond the influence of the sun. . , , is going on beyond the influence of the sun. .,, , ., ., ., the sun. it has been going on for loner the sun. it has been going on for longer than _ the sun. it has been going on for longer than it — the sun. it has been going on for longer than it was _ the sun. it has been going on for longer than it was supposed - the sun. it has been going on for longer than it was supposed to, | the sun. it has been going on for. longer than it was supposed to, so how long can it keep going? it

depends how much power is left on board, so they are powered by radioactive fuel and over time there is less of that on board, and the expectation is at least into next year but soon they will not be enough power to run the science instruments and eventually they will fall quite but the mission will not end there because on board they have got golden discs and there are notes in 55 different languages and got golden discs and there are notes in 55 different languages— in 55 different languages and sounds of earth and — in 55 different languages and sounds of earth and images _ in 55 different languages and sounds of earth and images and _ in 55 different languages and sounds of earth and images and they - of earth and images and they will continue to sail around the galaxy and maybe some advanced civilisation will one day bump into our probes and get a glimpse of life on earth, who knows?— and get a glimpse of life on earth, who knows? ~ , , ., ., ., , who knows? absolutely extraordinary. thanks forjoining _ who knows? absolutely extraordinary. thanks forjoining us. _ who knows? absolutely extraordinary. thanks forjoining us. thanks - who knows? absolutely extraordinary. thanks forjoining us. thanks for - thanks for “oining us. thanks for havin: thanks forjoining us. thanks for having me- _ thanks forjoining us. thanks for having me. plenty _ thanks forjoining us. thanks for having me. plenty more - thanks forjoining us. thanks for having me. plenty more to - thanks forjoining us. thanks for| having me. plenty more to come. thanks forjoining us. thanks for - having me. plenty more to come. for the moment. —

having me. plenty more to come. for the moment. you _ having me. plenty more to come. for the moment, you are _ having me. plenty more to come. for the moment, you are watching - having me. plenty more to come. for the moment, you are watching bbc. the moment, you are watching bbc news. an extreme form of soil erosion is causing entire communities to disappear across africa and latin america. experts have told the bbc that gully erosion is advancing at a worrying speed, because of deforestation and the extreme weather caused by climate change, and a lack of urban planning. 0ur population correspondent stephanie hegarty has this report. this city in brazil is at risk of falling apart. translation: this thing has taken away my life. l joao batista is a mechanic and his workshop is on the edge of a giant ravine. translation: it got risky after it started raining - when the gullies started to grow. our whole house would collapse. boom. these ravines are caused by gully erosion. translation: my belongings, my house, it's all gone. - i only saved my children and my wife. in total, 60 people were killed when their homes collapsed

into a gully here in kinshasa, in the democratic republic of congo in 2022. translation: my neighbour who was on the other side, l she died with her four children. brigitte blames the construction of a highway uphill. translation: they built very tiny drains. - they couldn't cope with the amount of rainwater, and it overflowed. i've spent 19 years here, and nothing like this has ever happened. buriticupu is in the brazilian amazon, but since the �*90s, the timber industry has cut down most of the trees — a natural barrier to erosion. and when rainwater hits the bare ground, it can dislodge soil. streams of water then push this soil downhill, carving gullies into the earth that develop into these huge canyons. climate change is expected to make this problem worse. the rainfall intensities may increase with 10% to 15%,

and due to that, gully erosion rates may double or even triple. so for sure, this is a manmade disaster in many ways, but with proper infrastructure, this can be prevented. stopping gullies after they form is expensive. the brazilian government is considering a $60 million proposal for structural works in buriticupu. meanwhile, joao batista is trying to solve the problem by himself. translation: if i don't take action, the rain when it comes _ will take everything. after i started planting the bamboo there, the ground no longer fell. stephanie hegarty, bbc news, in buriticupu, brazil. a student with cerebral palsy and uses a communication device has invented a new device to give him a

new voice. i invented a new device to give him a new voice. .., . . invented a new device to give him a new voice-— invented a new device to give him a new voice. . ., , ., . ., new voice. i can change my voice and use what advice _ new voice. i can change my voice and use what advice i _ new voice. i can change my voice and use what advice i like. _ dan will happily admit that he loves the sound of his own voice. but you can't blame him, especially as it's not technically his own voice. dan was diagnosed with cerebral palsy when he was a toddler, and has never been able to speak in his own voice. since he was nine years old, he's used a tablet like device to communicate, which he controls with his eyes, and sounds like this. generic robotic voice: this is my old voice. it's a robot voice. but two years ago, he set out on a mission to replace the robotic drawl and find someone with a walsall accent like his family, whose voice he could use as his own. midlands accent: i wanted my voice because i want to talk to my friends i in my family's accent. a social media and bbc local radio

appeal led him to eli from walsall. that's good. "the she—wolf had developed a ferocious temper..." - with the help of dan's specialist college, where he also lives, eli recorded three—and—a—half thousand words from new york where he's studying drama. i think it sounds more like us now, doesn't it? and this was the moment his mum heard her son's new voice for the first time. emotional. when his dad heard him as well, he was like, "oh, "he sounds like me now." you can hear him. i was going to say, that's his voice there. that's him in the background, yeah. does he ever stop talking now? no, you wouldn't ever get him quiet now! and dan had a special message for the person who gave him his voice. i feel happy, and i feel that it is going to improve my confidence. i love my new voice. thank you, eli. oh, that's so lovely. he laughs oh, that's amazing. dan says the unusual

search has meant he's now found his voice and his identity. navteonhal, bbc news. new photo has been released to mark the birthday of prince louis. the prince and princess of wales are grateful for birthday messages for their son, a message said. kensington palace says this picture has not been edited. now it is time for the weather. hello there. it was a chilly start to the day for many of us and many places will stay chilly, particularly across the east of the country where we will have more cloud. but in fact, the next few days, temperatures will be below par for the time of year with the best of any sunshine out towards western areas. this arctic air has been working its way southwards

across the country this week and it's going to loiter around. it's not until we get into the weekend that we start to see something a little bit warmer moving up from the south, but it'll be moving up from the south with low pressure. here's the pressure system today — high pressure to the west, lower pressure out towards the east, feeding in a lot of cloud on this northerly wind into the eastern side of the country. best of the sunshine, western scotland, northern ireland, western wales and this is where we're likely to see the mid teens here, but distinctly chilly along the north sea coast. single figures i think for most, 6—9 celsius. similar story as we head into tonight. we hold onto the breeze across north sea coasts. one or two showers here, maybe wintry over the high ground, driest and clearest further north and west. and this is where we actually have the lowest temperatures. touch of frost again across the far north of england into scotland. wednesday, similar story, not much change. we hold on to the northerly wind, brisk again along north sea coasts where there will always be more cloud or maybe the odd light shower.

it'll be chilly there. best of the sunshine northern and western areas again, the low to mid teens here. otherwise it's single figure values once again. so that's wednesday out of the way. by thursday, start to see some subtle changes. you notice the pressure charts just changing. we've got lower pressure starting to build on either side of the country. so that will change the wind direction certainly across the south. we're looking more of a westerly developing here, but increasing cloud through the day as those low pressure systems develop with an increasing chance of showers to particularly england and wales into northern ireland. temperatures could be up to around 13 degrees in london area, but there'll be limited sunshine once again. it's going to stay quite cool for most. as you move through friday into the weekend, low pressure looks like it's going to take over, i think, and it's going to bring us some windier weather and also more cloud with showers or even longer spells of rain. but one thing you will notice, temperatures will begin to creep up as we move through the weekend into next week. but it will come with some rain.

live from london. this is bbc news. five people, including a child, have died attempting to cross the channel from france to britain. a bbc team was on the beach south of calais as the boat set off. there is a real battle going on on the beach here. must be more than 100 migrants trying to get to the water. they are letting our firecrackers to try and keep the police away from them. we firecrackers to try and keep the police away from them. we will be live in dover— police away from them. we will be live in dover and _ police away from them. we will be live in dover and calais _ police away from them. we will be live in dover and calais with - police away from them. we will be live in dover and calais with the i live in dover and calais with the latest. defence spending pledge to increase by 2.5%, also pledging extra funding for ukraine. has increase by 2.5%, also pledging extra funding for ukraine. as we make our historic _ extra funding for ukraine. as we make our historic commitment l extra funding for ukraine. as we | make our historic commitment to extra funding for ukraine. as we - make our historic commitment to our

defence spending, we will move past this stop start piecemeal way of backing ukraine. donald trump is back in court where prosecutors are having him punished for making public attacks on witnesses. thejudge for making public attacks on witnesses. the judge says for making public attacks on witnesses. thejudge says he for making public attacks on witnesses. the judge says he will reserve judgment.— reserve 'udgment. here in court, donald reservejudgment. here in court, donald trump — reservejudgment. here in court, donald trump looks _ reservejudgment. here in court, donald trump looks on _ reservejudgment. here in court, donald trump looks on as - reservejudgment. here in court, donald trump looks on as the . reservejudgment. here in court, l donald trump looks on as the first witnesses back on the giving evidence. welcome to verified live. -- hello, i'm matthew amroliwala, welcome to verified live. sources in france telling one of those dead is a seven—year—old girl. 0ur correspondent was on that beach in france as that boat tried to set off for the uk. take a look.

there's a real battle going on on the beach here.