Stage. Both Beat Expectations on earnings and revenue, thanks in no small part to investments in no small part to investments in artificial intelligence, One Stand Out spot for alphabet was google cloud revenue which jumped 28 in quarter one. A lot of Generative Ai Tools that rely on the cloud to reach customers. Alphabet announced good news for investors, its first ever dividend of 20 cents per share, and first ever dividend of 20 cents pershare, and an first ever dividend of 20 cents per share, and an additional 70 billion buy back. That sent shares into double digits after the bill. For microsofts part, its Intelligent Cloud Division delivered greater revenue than expected thanks to Microsoft Partnership but with openai, the creator of chat gbd. And together, they should go some way through restoring confidence in the tech sector which was shaken wednesday after medas stock fell after its Earnings Report and the market was rattled by slowing us gdp and stubborn inflation. Lets stay in the us where the latest data show its economy grew at its slowest pace in nearly two years in the first three months of the year. Traditional demand is what led to the lower forecast. Lets stay in the us where the latest data show its economy grew at its slowest pace in nearly two years in the first three months of the year. The personal consumption expenditures price index, which is a key indication of inflation rose 3. 4 for the quarter. Investors are now trimming their expectations that the Federal Reserve will cut rates before september. As weve been reporting on newsday, us Secretary Of State is Meeting Chinese officials on a three day trip. Tensions over economic ties have been a flash point between washington and beijing. Antony blinken has called for a level Playing Field for American Companies doing business in china. Our Business Reporter this Morning Monica Millerjoins us live from the newsroom. Explain to us what mr blinken means by Fair Treatment for American Companies . Yeah, well this is the latest American Companies . Yeah, well this is the latest high American Companies . Yeah, well this is the latest high level this is the latest high level meeting between washington and beijing, officials. And one of the things he did raise concerns is about some of chinas business practices, Nonmarket Practices as well as manufacturing capacities. 0ne manufacturing capacities. One of the things that washington is toying with is the idea of imposing tariffs on products such as Electric Vehicles which china makes many many of them and their prices are exceedingly low. So having them flood the market would really hinder american car makers. Now, mr blinken met with leaders, Business Leaders that are part of the American Chamber of commerce there and they have been arguing for what mr blinken has said is a level Playing Field and what they mean by that is that the chinese have heavily subsidised Certain Industries like Electric Vehicles and solar panels and lithium ion batteries, theyjust cant compete with that on the global market. In regards to what mr blinken spoke about, heres what a spokesperson for the Foreign Ministry had to say. Translation china has always economic trade translation china has always economic trade competition, economic trade competition, earnestly respect the principle of fair competition, and works with china to create favourable conditions for the sound and Steady Development of china us economic trade relations. This happened economic trade relations. This happened hours economic trade relations. This happened hours after economic trade relations. This happened hours after President Biden signed into law a bill that would band the Chinese Parent Company of tiktok from being able to function in the United States if they dont divest their part of the company. Company has already said that it is looking into the legal action. Studio thank you so much for that update. There are a lot of things they need to discuss as blinken visits china. Meanwhile, the Us Federal Communications commission has reinstated Net Neutrality rules that gives it oversight of broadband internet. Net neutrality refers to the idea that Internet Service providers should offer access to all content regardless of the source. They were repealed during the trump era in 2017, because they blocked innovation and led to a decline in industry investments. Under the restored rules, it has now barred Chinese Telecom companies from offering Broadband Services in the us due to National Security concerns. Sticking with china, the countrys largest auto show has kicked off in beijing, with car makers showing off their latest Electric Vehicles. China is currently the worlds biggest car market and the worlds biggest car exporter, and has seen stiff competition over the past year especially amongst domestic players. I spoke with auto analyst bill russo, who gave us his outlook for the chinese car market. We can see from it so far, the continuation on focus on electrification with dominance of the Chinese Companies who now have almost 80 share of the electric vehicle segment. Thats even significantly into the gasoline powered vehicles which are down significantly from a few years ago by more than 10 million units. The other important trend is the emergence of these smart Device Companies that are now present on the landscape. Show shaomei. An emergency of a company as both a supplier and manufacturer through Contracting Manufacturers through a brand called ito. fist through a brand called ito. At the same time the market almost feels saturated and the economy not doing so well so in terms of sales of those ev� s, what kind of numbers are we saying . The ev share of the market is for Passenger Vehicles 35 . Three individually owned vehicles the purchase right now in china are Electric Vehicles, thatis in china are Electric Vehicles, that is coming in a market that is not growing, the market overall has been negative since 2017. In terms of domestic sales. So for every ev that sold, there is at least one fewer gasoline powered vehicles so its cannibalising the gasoline powered segment which is creating a bit of a structural problem for china with far too many factories configured to build the wrong types of products. figs configured to build the wrong types of products. Types of products. As you mentioned, types of products. As you mentioned, china types of products. As you mentioned, china has types of products. As you l mentioned, china has been accused of producing way too many cars, we seen factories cutting production or even closing, will that continue . China is guilty of obsolete doing its own Manufacturing Industry when it comes to gasoline powered vehicles being less popular now. By eroding, by successfully getting consumers to consider and purchase cvs, its created a structural problem for its own market with fewer demand in china before gasoline powered vehicles but with their finding is there is demand for good value for the money. Everywhere in the world, and thats cause china to be the largest export country in the world for all types of vehicles. 4. 9 million vehicles were exported from china last year, and three out of every four of those vehicles were gasoline powered. Theres plenty of demand in the world for affordability. Now over to japan where the central bank will announce its latest review of Monetary Policy later this morning. I spoke with economic columnist and author william pesek, who explained all the dynamics at play currently in the japanese economy. The economy is about, nikkei is going gangbusters, this year japan is experiencing a big influx of tourism, then you have the japanese yen which we are beginning to call the japanese peso in passing. Again, its quite a split screen. In many ways, Global Investors are looking at the eerie silence from tokyo. We are seeing the ministry of finance, we are saying the Bank Of Japan make finance, we are saying the bank ofjapan make some noises finance, we are saying the Bank Of Japan make some noises about how we dont like the young weakening so much, but theres been no official action, and theres been this kind of Balancing Act i think. 0n the one hand japanese officials are keeping their heads down, saying, well, you know, the yen is weak but the trade numbers are improving because of that but at the same time we dont want the yen to go so far which might spook Global Marketing will create a Double Medic Problem if you will. Will create a Double Medic Problem if you will. What can the authorities problem if you will. What can the authorities do problem if you will. What can the authorities do about problem if you will. What can the authorities do about it . | problem if you will. What can l the authorities do about it . We all know that when they intervene, the impact doesnt last very long and its hugely expensive. I last very long and its hugely pensive expensive. I think one of the reasons why expensive. I think one of the reasons why you expensive. I think one of the reasons why you have expensive. I think one of the reasons why you have not i expensive. I think one of the i reasons why you have not seen action, as you just mentioned, is because intervention often doesnt work. The problem is thatjapan doesnt work. The problem is that japan when it does intervene, its unilateral and intervention. You basically have to have the Federal Reserve, the ec, you have to have the g for seven involved for intervention to matter. 0ne for intervention to matter. One of the reasons why japan isnt acting theyre worried it will backfire and fail, they are worried they will step in and the young will fall anyway. That happened basically in 2022, and in many ways you see this Steering Match between japanese officials and traders wondering where things are heading in the days ahead. Lets look at markets, the japanese and will have an impact, but wall street flat to lower come of this was before microsoft and also that which sent their shares higher in after hours trading. Thats it for the show, thanks for watching. Hey, im zoff with the catch up. Tonight schoolkids smoking, gigs getting cancelled, and a dog with a robot. We start with something that might shock you, though. England has the highest rate of school kids Drinking Alcohol of more than 40 countries. Thats according to the world health organization. They looked at 280,000 11 15 year olds and found by the age of 13, just over half of girls and half of boys had drunk alcohol. The study also found teenage girls are more likely to smoke than boys. And two in five girls in england and scotland have tried vaping by the time theyre 15. Numbers of young people drinking in the uk has been falling, though, but experts want more to be done to stop it. A 13 Year Old Girl has been charged with three counts of Attempted Murder after two teachers and a pupil were stabbed at a school in south west wales. Police say the three victims have all been released from hospital. Next, rebel wilsons autobiography has finally been released in the uk, but certain sections have been covered up here. Its because of allegations against borat star sacha baron cohen, which he denies. Bits believed to be about him, have been hidden. And theres cancellations all around in music. Kid cudi has been forced to scrap his world tour after breaking his foot at coachella. And kim petras had to cancel all her Summer Festival performances because of health issues. Time now to leave you with ten seconds of a guide dog becoming friends with a robot after a specially arranged date. Amelia reacted badly to the delivery bot when they first met, but now, as you can see, it is all fun and games. I love it. Youre all caught up now. See you later. Hello and welcome to sportsday with me, Lizzie Greenwood hughes. Heres whats coming up. Manchester city close in on arsenal at the top of the premier league. Shock in f1 as the man behind red bulls success says hes leaving the team. And seven time World Champion ronnie 0sullivan powers past his opponant at the crucible. Proving age isjust a number. What is possible in this game, how long can you keep going for