the fight to be the world s most valuable company heats up, after apple announces new ai tools on its devices. and how long can you survive without your smartphone? we put a group of british teenagers to the test. hello and welcome to business today. i m arunoday mukharji. apple shares have surged to a record high, after it unveiled new ai tools. the tech giant is now valued at $3.18 trillion, just behind microsoft which remains the world s most valuable company. from new york, erin delmore has the details. investors have been waiting for months to see how apple would embrace ai and propelled many other tech trains to big market gains. on monday they got their answer, a partnership with openai. and chatgpt powers for cre plus some enhancements like proof reading and writing help and ai generated images and emojis. and even though the news came on monday, it was not until tuesday that the market rewarded apple s efforts. on monday apple shares actually closed down around 2%. but on tuesday, shares ended the day up 5% to around $203 per share. that is a new record high for apple, better than december. those new ai tools are only available on newer models of apple products like iphone 15 pro the older series won t do it neither will the base model and i ve max will need to have apple preparatory and one chip or newer. and that if suitors are betting that consumers will upgrade their devices to take advantage of the new tools which would lead into mower sales for apple. staying with al investments. shares in oracle havejumped by as much as 11 percent after it announced cloud deals with google and openai. it comes despite the software giant s fourth quarter results fell short of expectations. oracle is trying to catch up with cloud giants like microsoft who are seeing rapid growth as a result of tie ups with openai. elon musk with jawed lawsuit against open ai, the case accused the ceo of abandoning the original mission of the start up of developing artificial intelligence for the benefit of humanity and not for profit. no reason was given for the request to dismiss. policymakers at the us central bank are in session to decide on the cost of borrowing. the fed is expected to hold interest rates steady. inflation data is also due, but could that sway the fed s rate cut decision? let s bring in david chao, global market strategist at invesco. he says asian countries are in a good position to deal with any decision. we have seen some depreciating pressures in cases like japan with the currency given the interest rate differential and certainly all asian central banks are waiting with baited breath for the fed to cut rates. at the same time, i think that asian economies are on a much better suited this time around with their external buffers that can withstand some of this pressure, but certainly, rates are too high in asia in places like korea and thailand and they should have been cut already. if it wasn t for that. we are counting down to the us presidential elections and i want to get your thoughts. how do you think given the political scenario there, how are the politics likely to play on the economics going forward? from the market perspective, we have done crushed analysis and there is no rhyme or reason in terms if a democratic president or republican president is in the white house, what that means for asian markets. asian markets have largely shrugged this off. so let me say that heading into the presidential election, there could be a few jitters with asian markets, but we think it is mostly a near term phenomenon. certainly president trump has previously said that he is going to increase tariffs against places like china and also other places around the world. that certainly would not be conducive to trade. whereas, joe biden has shown that he is more strategic when it comes to trading partners. so i think it is something that we are keeping a close eye on, but we are not worried from a long term perspective in terms of the impact it will happen asian markets. india will continue to be the world s fastest growing large economy according to the world bank. the world s most populous nation is in the midst of a slowdown but is forecast to grow by 6.6% this year. the world bank says indonesia and vietnam are also likely to be bright spot among major economies in asia. singapore airlines said compensation offers to passengers on a flight that landed in a severe turbulence. dozens were injured and one person died. passengers with minor injuries have been offered $10,000 while those with serious injuries had been told that his can be discussed. how common is that? i put a question to alice taylor. it is an unusual circumstance and i guess to give singapore airlines their credit, they have been very proactive in putting out very generous compensation they are. it is one of those things where if you are in a major incident where there is composition that is there. but what we are seeing this with the larger airlines, they will top on amounts of that. and singapore airlines has done so previously, they have been quick to give payouts and above the limits. so it could be something we could see more of. we are hearing that turbulence is going to be more common going forward given climate change and other aspects. does this set a precedent, what about other airlines, will they be able to do the same? it goes down to, as more airlines come forward and give very generous payments when there is an incident or accident, it raises the benchmark quite a bake and comes something that globally the interesting works towards. the industry works towards. so i think we will see these payments become a little bit more normalised and a bit more generous compared to what you may have thought of before. really, it will depend on how isolated these incidents are. the opposite may also happen where if severe turbulence happens more often that the airlines may look to actually reduce those payments just because it becomes a bit more part of what is involved in travelling. how long can you last without your smartphone? a few hours? a day? well, we ve followed a group of british teenagers to see how they cope without their smartphones for five whole days. it s fair to say some teenagers are pretty glued to their phones. ok, guys, point of no return. thank you. but this group of students are doing the unthinkable, locking them away for almost a week. you said your goodbye. yes. no tik tok. no snapchat. no whatsapp. so, guys, these are your new mobile phone instead that we re using these for the next five days. the only way of communicating texts and calls. i want a nokia. i don t like it. they re going to have to learn a whole new set of skills for the next week to be able to adapt and continue their life as close to what it used to be. but with that mobile phone underpinning most of their activities, it s going to be a real challenge. it s like having a comfort item and interest goes. hat it s like having a comfort item and interest goes. not knowing what is going and interest goes. not knowing what is going on and interest goes. not knowing what is going on on and interest goes. not knowing what is going on on a and interest goes. not knowing what is going on on a group - what is going on on a group chat what is going on on a group chat makes me think what i m missing chat makes me think what i m missing out on. chat makes me think what i m missing out on. usually before i no to missing out on. usually before i go to bed missing out on. usually before i go to bed i missing out on. usually before i go to bed i watch missing out on. usually before i go to bed i watch disney - i go to bed i watch disney plus for an i go to bed i watch disney plus for an hour i go to bed i watch disney plus foran hourand i go to bed i watch disney plus for an hour and then i go to bed i watch disney plus for an hour and then drift - i go to bed i watch disney plus for an hour and then drift off. i for an hour and then drift off. since for an hour and then drift off. since then for an hour and then drift off. since then i for an hour and then drift off. since then ijust for an hour and then drift off. since then ijust gone - for an hour and then drift off. | since then ijust gone straight to sleep since then ijust gone straight to sleep and since then ijust gone straight to sleep and it s since then ijust gone straight to sleep and it s weird. - since then ijust gone straight to sleep and it s weird. i- since then ijust gone straight to sleep and it s weird. i feell to sleep and it s weird. i feel much to sleep and it s weird. i feel much better. will s journey home takes over an hour. this is a service to actually have campus, a tram first, then a bus. so in terms of not having a smartphone, it makes it more difficult because i can t check the timetable. and when they say it s been delayed or something, i could at least ring my dad and ask for a lift, you know? will s mum allison admits not being able to use family tracking apps like life360 is a hindrance. but she s noticed big changes in her son just three days into the detox. actually, quite nice seeing you without headphones. don t see you that much normally. no. i think it sjust become the norm. whereas actual social interaction does require you to put these things away and engage a little bit more. five days later, it s the end of term and time to get those smartphones back. maybe i ll put my phone away in the car and i ll put my phone away, like when i m around my friends. but in general, like, going on to tik tok everything, i m still going to do that. like, ifanything, i m going to do it more now. i think it s been pretty difficult without a smartphone, but i ve managed to get through it all right. i ll try and use less tiktok, that s for sure. i know my screen time is quite high on that. judging by their initial reaction, perhaps the students aren t quite ready to give up their smartphones entirely, but the detox might start to slowly change their habits. christian johnson, bbc news. a quick look at more world news. game stop has raised around $2.14 billion from a share sale programme. retail investors have turbocharged the stock after influencer roaring kitty doctor up the shows following his highly anticipated return to youtube. she has a so called mean stock up she has a so called mean stock up by she has a so called mean stock up by 5%. joey jaws chestnut has been told he cannot take part in america s premiere hot dog contest. it comes after the competitive eating star struck a sponsorship deal with vegan brand impossible foods. chestnut has been removed from next month s nathan s hot dog eating contest in new york. nathan s and impossible are direct competitors in the hot dog space. and that s it for this edition of business today. thanks for watching. hello and welcome to sportsday with me, marc edwards. raising the bar italy s olympic champion gianmarco tamberi thrills home fans by taking highjump gold at the european athletics championships. erik staying hag, the dutchman will remain as manager of manchester united following a post season review. and still in with a chance, pakistan beat canada as they live to fight another day at the t20 world cup.
Harvey has never be convicted of any crime in the uk. that would contradict the claim in the series that martha, this character, received a 11.5 year prison sentence for stocking. and they also allege any lawsuit she has suffered emotional distress from this, that she has received death threats and she is now too scared to leave her house. you and you can read more about that lawsuit and the netflix show in question on our website bbc news.com. plenty more on that story and all the stories we ve been covering on the news channel. shares in gamestop have surged nearly 50% after stock influencer roaring kitty scheduled a livestream later today. the video game company s stock has been volatile after the influencer made a return of sorts to social media after three years away. gill was a key player in the 2021 rally of gamestop and other so called meme stocks. for the first time in five years, the european central bank has
House for $19 closed captioning brought to you by thunder shirt, constant, gentle pressure for a calmer pet. if your dog suffers from fear of thunder fireworks, separation, or any other anxieties, thunder shirt can help thunder shirts find it. retailers like it s smart in petco all right. 46 minutes past the hour. isn t morning roundup. the gamestop craze is back, probably a roller coaster few weeks, but a meme stock shares were up more than 40% yesterday after the invention mr. best known, this is the ridiculous sentence as roaring kitty scheduled a youtube live stream for friday okay. so there you have that former trump chief of staff mark meadows is set to appear virtually for arraignment in arizona court today, meadows is one of several trump allies to be indicted in that state over the group s efforts to overturn his 2020 election loss to joe biden alex jones
what up, everybody? roaring kitty here. i m going to pick a stock and talk about why i think it s interesting, and that is gamestop. how much should we do lose yesterday a billion. sandra: meme stock mania is taking place get again. for over three years he s been on hiatus, and roaring kitty is back in full force, and he s moving some of the stocks big time. ricky gutierrez, a retail trader and youtuber with more than a million subscribers, not roaring kitty. thanks for joining us. what should people know thank you so much for having me. it is really specific circles, you drop the name roaring kitty, that know about this. it s people looking to make a
The second take away his roaring kitty really believes in gamestop s future. he reiterated that confidence that the company can revamp its legacy business that all comes down to the team and ceo ryan cohen. here s a bit of what he had to say. bet on the team. from what i ve seen so far i think i reserve the right to change my mind as you should. i m a believer right now. 3 years jack letts what happens from here. a lot of investors disagree with gil after gamestop released their earnings this morning. a few days early. we saw 29% dip in sales this quarter versus last year. 32 million-dollar loss in the quarter but what did he say? he said he reserves the right to change his mind at it really does seem he s changed his messaging versus last him around with it likely because the regulators are investigating his trading activity tech while legally safer the stock dropped
In his own words. listen. you should keep your eye on stuff, too. reserve the right to change your mind about stuff just like i do pray don t follow anyone blindly. nothing on this stream s advice. hopefully you all know that, right? sandra: i have a very deep background in finance, and once was a trader. i was active on a trade desk. i m very well aware that people want to make a quick buck. but this concept of just buying and selling because somebody tells you to, rather than on a company s fundamentals, isn t it risky? exactly. it is as risky as it gets. one of the things i love to preach on my youtube channel is how this is just a glorified pump and dump. if you are able to define a pump and dump i don t think it could be defined any more clearly then gamestop itself. there s no question that you can make a ton of money, but the biggest goal that any person going into the stock market,
and you re gonna hear me roar lower than a lion mckitty is roaring and so are the jobs. john is in a moment. the roaring kitty who single-handedly drove up meme stocks like aim stop breaking his silence after 3 years today. you should keep your eye on stuff. reserve the right to change her mind about stuff just like i do. don t follow anyone blindly. nothing on the stream is advice. hopefully you know that. not everyone does but more getting to know it now. internet influencer position didn t gamestop hoist to be worth close to a billion dollars until gamestop plunged close to 40% today giving back a lot of the big gains he s been experiencing but exactly who is this guy and how did he become so influential in the first place? a lot of people ask that. i m neil cavuto. let s get it with kelly grady on all the attention.
Fast buck, right? definitely. sandra: what is this about and what does it mean that roaring kitty is back? back in 2021, it seemed like he gathered a huge following solely based off the idea of, he believed in this company, he thought it was way undervalued, and i would say the whole fascination about gamestop itself was really because it was so heavily shorted. this movement started to be able to stick it to the big guys and then knowing he came back in 2024, just a few weeks ago, actually just finished watching one of his life streams here on youtube where he disclosed his open position, which was the first live stream he actually hosted since being gone for the past three years. sandra: interesting. i guess we will leave it up to people to decide whether or not they condone buying stock with your hard-earned money just to stick it to somebody. usually that s not really covered by wall street analysts. okay, so, this is roaring kitty
Organizations said didn t exist, it was russian disinformation. ten seconds, professor. it s bizarre. it s like being in a parallel universe. they are just shrugging and saying, oh, yeah, the laptop, after being deniers for years. john: always great to talk to you. we probably had more to go on this next week. sandra? sandra: roaring kitty is back, live streaming yet again, having a big impact on stocks. what it means for investors. we will have that for you next. john: he looks a lot like paul dano, doesn t he? plus, president biden taking executive action to secure the border, but it appears nothing has changed. chris clam, retired border patrol agent, will tell us what he thinks biden solution is actually making the problem worse.
Frenzy was immortalized in the movie dumb money. there is still lots of dumb money out there, sandra. sandra: risky business. john: you think? sandra: i guess gamestop all these meme stocks, amc is way up, r redditi don t know. john: everybody s buying games online these days, so how long do brick-and-mortar gaming companies have? sandra: your money, your decision, right? john: according to roaring kitty, they have a lot of life left. sandra: it s amazing to watch, that s for sure. we have brand-new information coming out of the courtroom right now on hunter biden, and update just coming in that the first lady has just left the courthouse. they are still in jury selection, we are told, but they are in recess now until 2:30 p.m. eastern time, so that s about 40 minutes from now when they will be returning. prior to that, we are told that they have 32 in the jury pool