regulators,. boeing faces a new safety investigation — this time over the 787 dreamliner. welcome to business today. us markets have made a muted start here in new york — shares of disney sinking after the entertainment giant reported a loss for the first three months of the year. that's despite the bombshell that its streaming business has made a profit for the first time after years in the red. we'll get into more detail on that a bit later. wall street's leading shares closed at a three week high on monday — on hopes interest rates may be coming down in the coming months. so — will that optimism last? lets speak to sam stovall, chief investment strategist at cfra here in new york. thanks forjoining us. we have seen the dowjones trying to push forward on hopes that maybe the us economy is not overheating, can it sustain

that? i is not overheating, can it sustain that? 4' ., that? i think it will. right now the market is focused _ that? i think it will. right now the market is focused on _ that? i think it will. right now the market is focused on recapturing l market is focused on recapturing what it lost in the 5.5% pull—back we experienced since reaching the 22nd all—time high on the 28th of march, and our expectation is we could continue to see us gdp growth in the 2% area but then also see inflation continue to come back down, allowing the fed to cut interest rates at least twice by the end of the year. is interest rates at least twice by the end of the year.— end of the year. is there a risk that it overshoots? _ end of the year. is there a risk that it overshoots? americans| end of the year. is there a risk - that it overshoots? americans saved up that it overshoots? americans saved up a lot during the pandemic but now they seem to have exhausted that, so where does that leave us now? fiur where does that leave us now? our expectation — where does that leave us now? our expectation is _ where does that leave us now? oi" expectation is that retail where does that leave us now? qij' expectation is that retail sales, they will be softening a bit, but they will be softening a bit, but they are still going to remain fairly positive, averaging around 2%, so what we are seeing is the debt level starting to creep slowly

higher, which is something that longer term could be a concern. we 'ust longer term could be a concern. we just heard the results from disney, and the parks business did well, so what you think that tells us about how americans are coping right now high prices and inflation? im’ith how americans are coping right now high prices and inflation?— high prices and inflation? with the arks doinu high prices and inflation? with the parks doing well— high prices and inflation? with the parks doing well it _ high prices and inflation? with the parks doing well it is _ high prices and inflation? with the parks doing well it is indication - parks doing well it is indication that consumers are more interested in experiences than they are in buying specific products, so our expectation is that tourism will continue to do very well, especially in europe and asia, we will likely see more experiences in the us whether it comes from live entertainment, so the consumers want to satisfy their desire which is to get out and do something. experiences are king. thanks for joining us.

we have turned the corner, that is the message from the disney boss, also revealing that the streaming side of the firm has turned a profit for the first time. disney has been losing money since it started its streaming platform but it promised wall street it would turn to profits by september but look at this, the entertainment streaming division made a profit of $47 million between january and march, compared to a huge loss of $587 million this time last year. out of the red, six months ahead of schedule, there. let's talk to hannah walsh from ampere analysis in london. a huge surprise, are we going to look back and say, this was the moment the streaming business for disney really took off? it is

moment the streaming business for disney really took off?— disney really took off? it is great news for disney, _ disney really took off? it is great news for disney, something - disney really took off? it is great news for disney, something they disney really took off? it is great - news for disney, something they have been looking to achieve for some time now, and it shows a great sign for their entertainment streaming platform, but it is worth noting that when you combine the entertainment streaming services with their sports streaming services, the streaming business did still see a loss in this quarter so thatis still see a loss in this quarter so that is one that is quite interesting, we will keep an eye on that going forward. we interesting, we will keep an eye on that going forward.— that going forward. we heard from our last guest _ that going forward. we heard from our last guest talking _ that going forward. we heard from our last guest talking about - our last guest talking about americans still seeking out experiences which seems to be borne out in the parks results, but the company executives did warn they could see a moderation in demand going forward, is that what is driving down the share price down sharply this morning after what on the surface is positive news? that definitely is _ the surface is positive news? that definitely is one _ the surface is positive news? trust definitely is one consideration. the parks business has seen a great growth domestically and also

internationally with the hong kong park. they did indicate there would be a slowdown but also there will be a slowdown in terms of subscriber growth for disney plus in the third quarter of the year. as the growth starts to slow. investors are keeping a close eye on that at the moment and that is largely the reason why we saw the declining rate. it reason why we saw the declining rate. , , ~ ., rate. it is striking that bob iger, the ceo of _ rate. it is striking that bob iger, the ceo of disney, _ rate. it is striking that bob iger, the ceo of disney, has - rate. it is striking that bob iger, the ceo of disney, has come . rate. it is striking that bob iger, - the ceo of disney, has come across really involved in a big proxy battle with the leaders of the company? is that over now? i think so. it is company? is that over now? i think so- it is good _ company? is that over now? i think so. it is good news _ company? is that over now? i think so. it is good news that _ company? is that over now? i think so. it is good news that the - so. it is good news that the streaming side of the business has done very well and they are investing more thought into the future of espn so although it did not do as well this quarter, there is a significant advances they are

looking to make to espn to boost revenue in the sports segment, they are also looking at the theatrical sector in a good way, trying to figure out what the best way to make the theatrical sector more profitable as well so i do think there are good signs for disney and bob iger in that respect. figs there are good signs for disney and bob iger in that respect.— bob iger in that respect. as you sa , it's bob iger in that respect. as you say. it's only — bob iger in that respect. as you say, it's only stream _ bob iger in that respect. as you say, it's only stream is - bob iger in that respect. as you say, it's only stream is getting l say, it's only stream is getting into the sports business right now. —— so many streamers. thanks for joining us. and now to bp. they made $2.7 billion betweenjanuary and march, down 40% on last year, the result will put more pressure on their new ceo who took over in january. part of the slump is down to lower oil prices but as our business editor explains, shell is doing much better than bp, raising questions for some shareholders about the company's strategy. we are

cominu out about the company's strategy. we are coming out of — about the company's strategy. we are coming out of the _ about the company's strategy. we are coming out of the back— about the company's strategy. we are coming out of the back end _ about the company's strategy. we are coming out of the back end of - about the company's strategy. we are coming out of the back end of the - coming out of the back end of the energy crisis that was sparked by the russian invasion of ukraine which saw russian oil and gas supplies either shut off or shunned ijy supplies either shut off or shunned by many markets which sent prices rocketing so we are coming down from there, so i think it is unlikely the likes of bp will ever make as much money as they did during that 2022, 2023 period but what is interesting about their numbers, down 45% on oil and gas profits, they miss the estimate is that people said they were expecting them to make profits but shell, similar company profile, they exceeded their estimates, and this is down to the fact that shell has been unapologetically going hell for leather for more oil and gas production and bp has been less aggressive in that way, saying it is trying to stick to its transition plans, but there is tension between bp and shell shareholders, some of them saying they would like the bbs tragedy to be a bit more like shell,

so we will see where that goes —— the bp strategy. saudi aramco — the world's biggest oil company — says profits were down i4% in the first three months of the year. that's down to lower oil prices — as well as cuts in production agreed by the opec group of oil producing nations — to try and support the price of crude. here's a figure to get your head round, though. aramco says it expects to pay more than $124 billion in dividends to shareholders this year. that largely means the saudi government — which still owns more than 80% of the company. it relies heavily on aramco to finance its spending. our business correspondent in the gulf — samir hashmi — explains. saudi arabia has put in place production cuts, which have been there sincejuly 2022. and since then their profitability has taken a hit because not only has their production gone down, but even oil prices have fluctuated during this period. now, in the last three months, if you look, prices did go up briefly, but that was only for a few weeks.

and after that, prices were back to where they were. the average price in the last six months. so that is why the profitability may not go up as much as we have seen, let's say, in the previous years when oil prices were over $100 a barrel. but the thing to keep a watch on is going to be the dividend, because that's the main thing for the saudi government. it's a state—owned company and the saudi government benefits the most with a high dividend income. so despite the profitability coming down in the last year or so, aramco has not cut the dividend they pay out. aramco has been trying to expand their production capacity not only when it comes to crude, but other segments of the businesses as well. spending in a big way on renewables. i think that's one of the core areas for aramco because they realize due to climate change, demand for oil could take a hit, or demand for oil could go down in the next two decades. and it is important for them to diversify the business. so they are investing in renewable businesses and they're also investing big time in hydrogen,

which is one of the big bets for many oil companies in the world, including aramco. regulators have opened up another investigation in the us after boeing said it may not have carried out proper inspections on its dreamliner aircraft. this comes after a door panel blew out on one of the jets shortly after take off early in the year. a leadership expert told us it is another example of the problematic corporate culture at boeing. problematic corporate culture at boeinu. , . , problematic corporate culture at boeinu. , , ., ., problematic corporate culture at boeinu. , .,, , ., ., ., boeing. this has been going on for six ears boeing. this has been going on for six years now _ boeing. this has been going on for six years now and _ boeing. this has been going on for six years now and you _ boeing. this has been going on for six years now and you think - boeing. this has been going on for six years now and you think it - six years now and you think it cannot get any worse but they have managed to come up with something thatis managed to come up with something that is worse. the fact that records might have been altered on the process recording of quality for

aeroplanes, the 787, is mind blowing worrying. boeing segment we have checked all the ones on the production line, yes, but what about the ones that have not left the production line and are out there? —— that have left. so many leadership failures over the last six years. leadership failures over the last six ears. ,, , , leadership failures over the last six ears. ,, ,, ~ ., six years. swiss banking giant ubs has reported _ six years. swiss banking giant ubs has reported a _ six years. swiss banking giant ubs has reported a better _ six years. swiss banking giant ubs has reported a better than - six years. swiss banking giant ubs| has reported a better than average jump has reported a better than average jump in earnings for the first three months of the year, delivering their first quarterly profit since the takeover of credit suisse. they clocked in a net profit of $1.8 billion after a 200 —— after a loss in the previous quarter. nintendo has announced their latest

profits. we can have a look at the markets around the world. a mixed picture in the us. that is all we have time for. stay with us here on bbc news.

hello from the bbc sport centre. we'll learn the first of the two champions league finalists later as paris st—germain meet borussia dortmund in the second leg of their semi—final. on wednesday real madrid and bayern munich meet again with the scores level, but first dormund take a narrow 1—0 advantage over the french champions to the parc des princes. psg got the better of borussia at home when they met in the group stage and european football expert, andy brassell, says it's something both sides will learn from.

paris saint—germain looked the part, a true collective in the first game. they gave dortmund a lesson. in terms of going into this, this gives them dortmund a lot of what not to do because they were really bad back in december, way too passive. mbappe struggled to get into the game at the beginning when he was at centre forward, so that should give them food for thought. how much pressure is on mbappe? it feels like destiny and all of that puts a lot of pressure on him? yes, but the way the club has managed him has left to be desired this season. whether they have put him in the best conditions to find rhythm. i don't think there can be any greater pressure than

what he puts on himself, though. if he is given the conditions to succeed, he has always shown