this is bbc news with the latest headlines for viewers in the uk and around the world. is the streaming party over? netflix shares sink as it reveals slower growth and says there will be fewer films for months to come. the industry asking to be taxed harder. why shipping is looking for incentives to reduce its carbon footprint and clean up its act. and we show you the weird and the wonderful wheels at the shanghai auto show which opens its doors to the public today.

netflix shares have plummeted, sinking 11%, after the streaming service reported weaker than expected earnings for the first 3 months of this year. that's despite the company being one of the big success stories of the pandemic. the company warned that the pandemic has put a brake to production, meaning there will be fewer new releases in the coming year to keep audiences gripped. netflix estimates it will add justi million new streaming customers in the second quarter, while analysts had expected a forecast of nearly 4.8 million. joining me now is duncan nichols, director of strategy, croud. good morning, duncan. were you surprised about the news of netflix? ., . , ~'

netflix? not really, ithink many expected _ netflix? not really, ithink many expected netflix - netflix? not really, ithink many expected netflix noti netflix? not really, i think. many expected netflix not to add that many subscribers in the first quarter mainly because they added so many during the course of the prior year. we often call covertly great excelerator, in results, the netflix calls it the way forward. so they weren't expecting to reach subscribers at the levels until 2022, quite an enviable position for the platform to be in and the market has taken stock of that. what netflix needs to do this year is instead shift focus towards how they can retain the users that they engaged over the course of the pandemic and also potentially how they can get some more value out of it. isn't itjust about get some more value out of it. isn't it just about the content and if that is the case and they are having to spend less on content, will that be a problem going forward? quite ossibl . problem going forward? quite possibly- they _ problem going forward? quite possibly. they do _ problem going forward? quite possibly. they do still- problem going forward? quite possibly. they do still have i possibly. they do still have $19 billion set aside for 2021,

an enormous amount of money and i will not be surprised if they return to being one of the biggest producers in the world. pre— pandemic, netflix the biggest hollywood producer by volume and we know many of the other studios have had problems developing content. indeed in the uk last year, the bfi released a report saying that high end tv had outstripped film production for the first time. really, i think we were still see netflix at the forefront of that and was the forefront of that and was the more content production going into producing original content for other regions of the and other parts of the world where they are able to boost subscriber figures. netflix says in terms of the competition it has not changed materially in the last quarter but rivals such as disney plus are saying we are put up prioritising streaming. how strong will netflix be in the quarters to come? i think

competition _ quarters to come? i think competition in _ quarters to come? i think competition in the - quarters to come? i think competition in the space | quarters to come? i think. competition in the space is very interesting. if you look at the course of 2020, over the pandemic, we actually saw many platforms looking to differentiate rather than compete directly. so disney plus had the tailwind of the first lockdown, a large slate of children's content appealing to parents with children stuck at home and they also have their shows that differentiate themselves from netflix and that aligned nicely with the increased tolerance of consumers to take up more than one streaming options and some estimates in the us says that the average is 2.5— 2.7 and some go as high as three in the coming months. what will be interesting is as the pandemic slows down that whether the content slows down and whether they consumers see netflix and disney plus as in either— or and economic impacts from the

pandemic that will start to suppress household income. duncan, thank you with his analysis and netflix shares fell down 11%, $25 million was wiped off its market capital and looking at shares over 12 months, they went up 27%, giving you a sense of what happened to the share price. it's not often you get an industry asking to be taxed but the shipping industry is coming together to ask governments to introduce a worldwide carbon tax on the whole sector. the aim is to provide a financial incentive to wean companies off fossil fuels and encourage the development of low—carbon alternatives. at the moment, shipping accounts forjust over 2% of the world's emissions, meaning that if it was a country, it would be the 6th biggest emitter, ahead of germany. but tackling those emissions is hard precisely because shipping firms are scattered across the entire globe. joining me now is guy platten, secretary general of the international

chamber of shipping. this is a really interesting move on the part of your industry, tell us precisely what you are looking for in terms of global decision—making. terms of global decision-making. terms of global decision-makinu. ~ , decision-making. we recognise our obligations _ decision-making. we recognise our obligations to _ decision-making. we recognise our obligations to reduce - our obligations to reduce emissions to zero in years to come back to get there it would take two things, firstly, the technology and the research and development to move to zero carbon fuels but also incentive to take up that technology and what we're seeing is that the two are not mutually exclusive, they need to be done at the same time and we are calling for a global marketplace measure, in other words, a price carbon to incentivise shipowners to invest in new technologies as they become available and those discussions need to start now, is complex and it needs to be global solution are not regional solutions as has been muted by various places around the world. this is why we are calling for the discussion to start now. at the next

a lot of the researchers here in the sale. i'm going to talk you through firebrands coming your way. some of never heard of. it's boring to look at, but this is what it's all about, a battery pack from one of the vehicles and i'll be amazed. they have pedigree, and the people that hone them own volvo as well and they have money. china's biggest home—made private auto. this is china's

best—known home—made high—end ed brand. this company is currently worth more and has best seller. 0ne currently worth more and has best seller. one of the designers was telling me, they don't sell cars, they sell user generated experiences. this is one of the smallest offerings from one of the biggest companies in ev in china. build your dreams. warren buffett has his money in the sperm. urban runaround is like this is where there is huge potential but you are more likely to come across byo d not in cars but in buses, they are hugein in cars but in buses, they are huge in ev buses. this is xiaopeng, growing very quickly but not making any profit. they

are making cars that are suspiciously like tesla and other entry—level of portable vehicles and also making this. a human —sized drone type thing. japan is bracing itself for a third round of emergency measures over the pandemic. that's after the governor of osaka, the country's third—largest city, submitted a request to call for a state of emergency. at least two other cities, including tokyo, is expected to follow suit. us drugmakerjohnson & johnson, not surprisingly, beating expectations for its first quarter earnings. it reported more than $12 billion in revenue, with $100 million coming from sales of its covid—19 vaccine alone, despite concerns of it causing rare blood clots. taiwanese contract electronics manufacturer foxconn will dramatically scale

back its planned investment in a wisconsin plant. foxconn is reducing its planned investment from $10 billion to $672 million and cuts the number ofjobs planned from 13,000 to 1,164, governor tony evers said in a statement. the popular chinese video app tiktok is back in the headlines and this time, it's being sued for billions of dollars for allegedly collecting the personal information of millions of children illegally in the uk and europe. mariko 0i is in our asia business hub with the details. i would imagine many parents listening to this now i'm quite concerned. stop what is going on. {1371 concerned. stop what is going on. , concerned. stop what is going on, . ., , , concerned. stop what is going on. , , , ., on. of course, this is not the first time _ on. of course, this is not the first time that _ on. of course, this is not the first time that tiktok's - on. of course, this is not the first time that tiktok's data i first time that tiktok's data collection policies have come under fire. collection policies have come underfire. back in 2019, its

parent company bytedance was fined $5.7 million in the uk for allegedly illegally collecting personal information from children in the country and the app was banned in india. it is still one of the most popular apps especially as you say among young people and has about 100 million users in europe alone. the app interestingly is supposedly for users around 13 but nearly half of 8-12 users around 13 but nearly half of 8—12 —year—olds anyway and with the pandemic which shut many children up, it's really helped cement its success. but now it's been accused of violating uk and european union data protection laws by collecting a huge amount of children's private information while they are using the app including the phone numbers, pictures, videos, exact locations and so on and transferring them to unknown third parties for profit. the former children's commissioner

former children's commissioner for england and long field as the public face of an anonymous 12—year—old girl leaving the class action and she said effective children could receive thousands each if the children the claim is successful. tiktok has replied saying privacy and safety were the company's top priorities and that it has a robust policy, processes and technologies in place to help detect all users, especially teenaged users but the case has now been put on hold while it awaits a uk supreme court ruling in a bellwether case against google over alleged unlawful tracking of iphone users in 2011 and 2012 through third—party cookies which will be heard next week. still to come. than theory forces all six english clubs involved in the breakaway european super league to pull out after widespread condemnation.

the stars and stripes at half—mast outside columbine high. the school sealed off, the bodies of the dead still inside. i never thought that they would actually go through with it. choir singing one of the most successful singer—song writers of all time, the american pop star prince has died at the age of 57. i was — it's hard to believe it. i didn't believe it. we just — he was just here saturday. for millions of americans, j the death of richard nixon in a new york hospital has i meant conflicting emotions. a national day of— mourning next wednesday, sitting somehow uneasily with the abiding - memories of the shame of watergate. _ and lift off of the space shuttle discovery with the hubble space telescope, our window on the universe.

this is bbc news. the top stories. the former police officer derek chauvin is found guilty of two charges of murder and one of manslaughter in the death of george floyd, the african american man he violently arrested last may. mr floyd's supporters welcome the verdict outside the court in minneapolis. less than 48 hours after the announcement of a european super league all six premier league teams involved have formally withdrawn from the competition. manchester city were the first club to pull out after chelsea had signalled their intent to do so. the other four sides — arsenal, liverpool, manchester united and tottenham

— have all now followed suit. the 12—team super league was condemned by fans, football authorities and government ministers in the uk. gervais williams is head of equities at premier miton. thank you for being on the programme. despite the fact that everybody said this is just about the money, it would seem that the opposition had its influence in the end. it boils down to tv money. it came over many, many years and this has led to many of the clubs particularly to pay up an estate paid up the best players. they started anticipating the new tv money and had been overpaying for players and had not made a profit. so they had been running at losses, even the top clubs of the idea of setting up the super league was to actually have a bigger part of that money. actually have a bigger part of that money-— actually have a bigger part of that money. now it looks like this european _ that money. now it looks like this european super- that money. now it looks like this european super league | that money. now it looks like| this european super league is not going to go ahead. has

there been a huge discussion about what needs to change in football? in about what needs to change in football? . , about what needs to change in football? ., , , ., , , about what needs to change in football? , ., , ., football? in it was probably a ruse to get — football? in it was probably a ruse to get more _ football? in it was probably a ruse to get more money - ruse to get more money out of the fire. clearly they thought they had a strong negotiating position if they had the super league as an alternative. they public would struggle to get as much tv money as they would have hoped otherwise. to much tv money as they would have hoped otherwise.- have hoped otherwise. to try and reform — have hoped otherwise. to try and reform and _ have hoped otherwise. to try and reform and change - have hoped otherwise. to try and reform and change the l and reform and change the champions league, those that were involved in the european super league, what about changes elsewhere.- super league, what about changes elsewhere. even with ufo, the negotiation - changes elsewhere. even with ufo, the negotiation position| ufo, the negotiation position is in the court.— ufo, the negotiation position is in the court. what does this mean for _ is in the court. what does this mean for the _ is in the court. what does this mean for the owners. - is in the court. what does this mean for the owners. we - is in the court. what does this | mean for the owners. we have heard from many fans saying

what their opinion is. the owners. _ what their opinion is. the owners, their _ what their opinion is. tie: owners, their response? i think what's going to happen is that they are running at bigger losses. the owners will have to fund their losses but ultimately, they will have to match that. not the very top players but some of the nearly top layers may find that their pay packet comes under more pressure. pay packet comes under more pressure-— pay packet comes under more ressure. . ~ ,, y . pressure. thank you very much. more details _ pressure. thank you very much. more details on _ pressure. thank you very much. more details on our— pressure. thank you very much. more details on our website - pressure. thank you very much. more details on our website of. more details on our website of course. now time to gain some pearls of wisdom from the ceos of start—ups. uptime is a french company that's developed technology to find faults with lifts before they break down. it maintains one thousand lifts in paris now and has sold its technology to lift maintenance firms across europe. however, its co—founder augustin celier says the company could have been wrecked by a huge loan it was offered by venture capitalists right at its outset. take a look at this.

very early on in the company, i got a great offer from investors and turned it down because it could have destroyed my company. it was private investors that were together in a vc syndicate and they were offering it. at the very beginning, we actually needed only a 10th of that. we were extremely tempted to take the money. we already trust us. and then, we started looking at

it. we are giving may be half of the company to them. we might have been able to raise more cash. so maybe the business would not even exist today. it's better to have no money all the wrong money. everybody headed against that, saying if there is something on the table, you should take it. i think that is wrong and should not take the money which is not good for your company. another cautionary tale. let's talk about apple. )apple has held its first event of the year with a virtual showcase of new products. new ipads, imacs and funny little tracking devices that help you find lost things. it also said that new versions of its operating systems will be released next week, and that brings in big changes for the lucrative online advertising industry. the update is expected to force app developers to give users a choice over whether they want to be tracked when they leave the app and roam

across the internet. jane 0stler is head of media insights at kantar. just explain in a bit more detail what this change will mean for users. we detail what this change will mean for users.— mean for users. we are introducing _ mean for users. we are introducing something l mean for users. we are - introducing something called app introducing something called app tracking transparency which means if you have an iphone, for example, app developers will need to request permission to track you across the internet. it means that you, as the user need to give explicit consent for that to happen. the issue for advertisers is that thatis issue for advertisers is that that is used and measured the effect estimates of the advertising. advertising revenue _

advertising. advertising revenue is _ advertising. advertising revenue is big - advertising. advertising revenue is big income l advertising. advertising | revenue is big income for apple. revenue is big income for a- le. , revenue is big income for aule. , , revenue is big income for a. le, , , revenue is big income for aule, , , ., revenue is big income for apple. this is part of a wider initiative of _ apple. this is part of a wider initiative of overseeing - apple. this is part of a wider initiative of overseeing you. | initiative of overseeing you. lots of the tech companies, it's partly in response to the consumer concerns. likejudy consumer concerns. like judy pr. we consumer concerns. likejudy pr. we see for example, google's chrome browser is going to deprecate cookies over the next few years. that is another way that advertisers. 0verall, consumers should be pleased with some of these moves. ., , ., , pleased with some of these moves. ., , , , moves. for us as consumers, it means we — moves. for us as consumers, it means we will _ moves. for us as consumers, it means we will not _ moves. for us as consumers, it means we will not be _ moves. for us as consumers, it means we will not be swamped | means we will not be swamped with loads of adverts. talking to somebody about something, but has a user presumably, you've got to go in your phone and reset everything in order for this to happen. it won't

just happen automatically, will it? iii just happen automatically, will it? . ., ., ~ ,., it? ifi could make the point about users. one of- it? ifi could make the point about users. one of the - it? ifi could make the point i about users. one of the things that we do know is that people actually do like tailored advertising, that is relevant for you. 54% of people like that but the same time they are conflicted because they are concerned about privacy. 56% say they are concerned. as a user, this new move actually should make it quite simple and means every time you open up, my understanding is that you will just my understanding is that you willjust have to give consent for your data to be tracked across the internet and if you don't, it won't be. some apps may not choose to enter into this at all and decide not to ask for your consent and they won't be able to track two. different experiences from different apps. aha, different experiences from different apps.— different apps. a welcome chance. different apps. a welcome change. thank— different apps. a welcome change. thank you. - different apps. a welcome change. thank you. you i change. thank you. you are now up—to—date on all things in

news and business. thank you for your company and see you soon. hello. the weather is not expected to change very much over the next few days. the kind of weather where strong spring sunshine can make it feel quite warm by day but, at night, clear skies can still allow it to get cold and frosty. but it will remain mostly dry through the rest of the week. now, on the earlier satellite image, you can see this stripe of cloud here. this is a weakening weather front, not much rain left on it, but certainly more in the way of cloud as this sinks down across england and wales through the first part of wednesday. also some mist and murk, and low cloud lapping onto some southern coasts of england. scotland and northern ireland having a sunny but chilly start,

and keeping hold of some sunshine through the day. just more in the way of cloud, and maybe the odd shower getting into shetland. quite a breezy day for many. and where you're exposed to that breeze along the east coast, temperatures may only get to 8—10 celsius. highest temperatures likely to be across the far southwest at 16—17 celsius, but here, there could just be the odd afternoon shower. any showers will fade through the evening, and through the night into the early hours of thursday, you can see long, clear spells across the country. that will allow it to get cold. but for the end of the week, high pressure really will assert its influence right on top of the british isles. butjust around the southern flank of that high, we will have some quite brisk winds blowing across the channel islands, the south—west of england, also affecting some other southern and eastern coasts. but as you can see, largely cloud—free skies to start thursday. i think we'll see a bit of patchy cloud bubbling up through the day, but generally speaking, quite a lot of sunshine. highest temperatures in the west at 15,16,

maybe 17 celsius, but for eastern and also southern coasts, actually, particularly where we have that breeze in the south, it's going to feel on the chilly side. still quite windy down towards the south and the southwest on friday. a bit of cloud across scotland maybe squeezing out the odd spot of rain, but elsewhere it's dry, long spells of sunshine, and a bit warmer by this stage — 17 maybe 18 degrees in some western areas. and, as we head into the weekend, it stays largely dry, more of that strong sunshine by day, but still the chance of some frosty nights.

good morning, welcome to breakfast with dan walker and louise minchin. 0ur headlines today. former police officer derek chauvin is found guilty of the murder of george floyd in the us city of minneapolis last may. we the jury, in the above entitled matter, as to count one, unintentional second degree murder while committing a felony, find the defendant guilty. the family say the verdict is a "turning point in history" for america and justice has been done for their brother. today we are able to breathe again! yeah! all six premier league clubs pull out of the new european super league amid heavy criticism from all parts of the game.

in the end the pressure proved too much.