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Transcripts For BBCNEWS World Business Report 20240707

hello and welcome to audiences in the uk and around the world. we start on wall street where stock markets have suffered their worst first half of the year in more than five decades. as of the close on thursday, the s&p 500 index of top us firms has lost more than 20% between january and june, a sell off on a scale not seen since 1970 when president nixon was in the white house. for the tech dominated nasdaq, it s been even worse a near 30% fall for the first half is the worst in its history. from new york, samira hussain has more. the sell off of the stock market over the last six months has been brought. it is not just one sector bearing the brunt of losses, but a range of companies from disney to apple tokamak target. the latest economic data indicates actually the road ahead may be getting even bumpier. the federal reserve s regional bank in atlanta has been closely watched for the gross domestic product and gdp, which today signalled that the us economy will have shrun

Transcripts For BBCNEWS BBC News 20240707

and thank you. for everything. that s very kind. the final day ofjubilee celebrations will end with a huge pageant near buckingham palace later. street parties are also set to be held across the uk in what is being called the big jubilee lunch. explosions shake kyiv in the first russian assault on ukraine s capital for weeks. forever holidays, or so it would seem, as half terms grind air travel down to a halt. welcome to bbc news and the fourth day of the platinum jubilee celebrations. today, there will be a pageant along the mall in london featuring a military parade, acrobats, puppets and other tributes to the 70 years of the queen s reign. celebrations will be held across the country too, with tens of thousands of people holding street parties. last night, a special outdoor concert was held in the grounds of buckingham palace with live performances from diana ross, queen and sir rod stewart. let s join annita mcveigh, who is on the mall outside our royal correspondent dani

Transcripts for BBCNEWS Breakfast 20240604 05:25:00

put in. meanwhile, let s be clear what passengers entitlements are. the airline is obliged to pay for a hotel if it cancels the flight for as long as it takes until you can get home. i have heard various things about airline saying you can only have one night. that is tosh. if you are coming in from europe, a if you are coming infrom europe, a uk airline, they are if you are coming in from europe, a uk airline, they are supposed to provide meals also. keep receipts and send those in. no alcohol, please, on those. they need to get you back as soon as possible even if it means paying for the extra hot like carl is hoping to get from amsterdam to luton. luton to amsterdam to luton. luton to amsterdam today and back is one of the $4 on easyjet and one of the many flights british airways has cancelled also, i am sorry to say.

Transcripts for BBCNEWS Breakfast 20240604 05:31:00

indeed. normally from the uk to rhodes. indeed, rhodes town is unaffected. the most indeed, rhodes town is unaffected. the most surprising thing i ve heard overnight the most surprising thing i ve heard overnight as thomas cook says it took overnight as thomas cook says it took people out on holiday to rhodes yesterday took people out on holiday to rhodes yesterday and is taking more today and the yesterday and is taking more today and the majority of its customers, even and the majority of its customers, even though they have the option to cancel even though they have the option to cancel over even though they have the option to cancel over the next few days, most of them cancel over the next few days, most of them are cancel over the next few days, most of them are saying they are not in the affected area and are happy to id the affected area and are happy to go ahead the affected area and are happy to go ahead. scheduled flights going out today on easyjet, britis

Transcripts for BBCNEWS Breakfast 20240604 05:29:00

it s offering to either re book or offer refunds and says it will send empty planes to bring customers back to the uk. easyjet has also cancelled package holidays until tuesday and says it will put on three extra flights from rhodes, to bring people home. the airline is still selling flights to the island though, while ryanair is also still operating its schedule as normal. meanwhile, tour operator tui has cancelled trips to the island until tuesday and said customers due to travel from wednesday can cancel, or change to another holiday. currently, the uk government isn t advising against travelling to rhodes and says to check with your operator or hotel prior to travel. we can get more detail on the situation now from the independent s travel correspondent, simon calder. i know this is something changing every hour about what is the situation now for people who might

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