us stocks rose us stocks rose store their best gain of their year. and what lies ahead as a new reign of a prime minister bee hands in thailand. —— begins. hello and welcome to business today. i'm steve lai. let's begin in the us, where stock markets have recorded their best week of the year. the s&p 500 index rose by 4% while the nasdaq added around around 5% in the week ending on friday.

initial jobless claims fell initialjobless claims fell in the recent data. the economy is not the other anywhere near a recession. i would expect history to repeat itself. what of these models _ history to repeat itself. what of these models tell - history to repeat itself. what of these models tell you. - it's going to be more stimulative, we have more

restrictions and much more restrictions. the inflationary impacts, with harris, herfirst agenda, not a lot of surprises. that kind of deviates from econ 101, where it's involved in setting market prices. it will lead to inefficiencies in shortages. i that is more political chatter. —— i think. this will be watch this week. what are your expectations there? ., ., ., ~ there? not a lot. ithink it will take _ there? not a lot. ithink it will take a _ there? not a lot. ithink it will take a big _ there? not a lot. ithink it will take a big picture - will take a big picture approach because he's not going to front run the rest of the fomc by signalling whether a rate cut is coming. shortly

after his speech, that will make or break the decision. one thing that is clear that it's nearly a slam dunk that the fed is going to be cutting interest rates in december. investors in china will no longer have a key indicator to measure sentiment in its £8.3 trillion stock market. starting from monday, the country's stock exchanges will stop releasing daily data on overseas fund flows. analysts say this is an effort by the government to prop up the market, which has seen a record withdrawal of foreign funds in recent months. (pres + aston)we start this morning with thailand

during an opening ceremony during thy hostile complement. he added that married women greatly contribute to he added that married women greatly contribut- greatly contribute to the efforts of _ greatly contribute to the efforts of doing - greatly contribute to the efforts of doing it. - greatly contribute to the efforts of doing it. he i greatly contribute to the i efforts of doing it. he was responding to a reuters report did not givejobs responding to a reuters report did not give jobs to married women and the iphone assembly factory. turning to tylan. where the parliament has picked paetongtarn shinawatra she's the daughter of billionaire tycoon and former former leader thaksin. her selection comes days after former pm srettha thavisin was dismissed by a constitutional court. both are from the pheu thai party, which came second at the 2023 election but formed a ruling coalition. ms paetongtarn faces the difficult task of reviving thailand's stalled economy and avoiding the military coups which have deposed four previous administrations led by her party. richard yarrow, a research fellow with the center for business & government at harvard kennedy school. right now, tylan has gone through a lot of political chaos. the first democratically

elected prime minister after a nine—year—old who government to survive one year. the main opposition which was also a democratically elected party was also dissolved by the constitutional court before the prime minister was forced out of office. thailand is in a state of political turmoil. economically, the economy's been mediocre. there have been a lot of big government policies which have... there's been verbal commitments, there's been talk about, but no clarity whether it weatherby intervention. the current really government has been campaigning on this for a long time. no clarity on whether it's implemented at this point. the focus of this emergence out

of limbo, where you see? i think she stop! i think i'm the one hand, she needs to get the economy are five —— i think she is stuck. —— up and running. sometimes in the next three years, it will rely on getting the economy moving again. on the economy moving again. on the other hand, she has to be concerned at the back of her mind at the end of the day that herfeet mind at the end of the day that her feet could be �*s —— fate could be similar to the fate of her relatives who served as prime minister deposed by constitutional court or by military coup. research fellow at the harvard kennedy school. australia's lowest—paid workers are seeing a bit of relief. an increase of almost 4% in the minimum wage came into effect injuly, after months of discussion

among trade unions, employers and the government. prime minister anthony albanese said his government will continue to work towards boosting wages, at a time when many workers are feeling the pinch due to higher prices. from sydney, phil mercer reports. good phil mercer reports. afternoon. hazel is a part—time good afternoon. hazel is a part-time representative l good afternoon. hazel is a | part-time representative is part—time representative is cindy, but still needs help from charity for a hot meal. i have to struggle day by day —— is me. —— sydney. it covers the rent, but not with the food in the electricity and transport costs. it's really hard. the minimum _ costs. it's really hard. the minimum wage _ costs. it's really hard. the minimum wage for- costs. it's really hard. the minimum wage for workers age over 21 is about $60 an hour. in the last five years, increases have been overtaken by inflation —— $i6 increases have been overtaken by inflation —— $16 an hour. it's terrible to see people come _ it's terrible to see people come in _ it's terrible to see people come in here who might have a

full-time — come in here who might have a full—time job and falling further behind. the working poor— further behind. the working poor is— further behind. the working poor is too kind a turn. businesses really have too much of an_ businesses really have too much of an upper hand, mates, and they've — of an upper hand, mates, and they've had in australia for the — they've had in australia for the past _ they've had in australia for the past ten years. but some arc ue the past ten years. but some argue that — the past ten years. but some argue that annual— the past ten years. but some argue that annual increases l the past ten years. but some i argue that annual increases are not sustainable and are pushing some businesses, especially in hospitality, to the brink of collapse. hospitality, to the brink of collapse-— collapse. we value the workforce. _ collapse. we value the workforce. by - collapse. we value the workforce. by the - collapse. we value the | workforce. by the same collapse. we value the - workforce. by the same time, collapse. we value the _ workforce. by the same time, we need _ workforce. by the same time, we need to— workforce. by the same time, we need to be — workforce. by the same time, we need to be mindful— workforce. by the same time, we need to be mindful that- workforce. by the same time, we need to be mindful that small- need to be mindful that small businesses _ need to be mindful that small businesses can't _ need to be mindful that small businesses can't always - businesses can't always continue _ businesses can't always continue to— businesses can't always continue to pay- businesses can't always continue to pay a - businesses can't alwaysl continue to pay a certain amount— continue to pay a certain amount of— continue to pay a certain amount of increase - continue to pay a certainl amount of increase every continue to pay a certain - amount of increase every year over— amount of increase every year over and — amount of increase every year over and over— amount of increase every year overand overand _ amount of increase every year overand overand over- amount of increase every year over and over and over again. | over and over and over again. it over and over and over again. it sends— over and over and over again. it sends many— over and over and over again. it sends many of— over and over and over again. it sends many of them - over and over and over again. it sends many of them to - over and over and over again. it sends many of them to the | it sends many of them to the wait — it sends many of them to the wait when _ it sends many of them to the wall. when utilities - it sends many of them to the wall. when utilities and - it sends many of them to the j wall. when utilities and costs are up. — wall. when utilities and costs are up. it's _ wall. when utilities and costs are up. it'sjust_ wall. when utilities and costs are up, it's just too _ wall. when utilities and costs are up, it'sjust too much- are up, it'sjust too much pressure _ are up, it'sjust too much pressure for— are up, it'sjust too much pressure for restaurantsl are up, it'sjust too much. pressure for restaurants and cafes — pressure for restaurants and cafes. . , ., cafes. increases to the minimum ware cafes. increases to the minimum wage affect _ cafes. increases to the minimum wage affect about _ cafes. increases to the minimum wage affect about a _ cafes. increases to the minimum wage affect about a fifth - cafes. increases to the minimum wage affect about a fifth of- wage affect about a fifth of australia's worth forth, more than two and a half million people. the amount is set by the fair work commission, the national industrial relations tribunal. it considers a range

of factors, including inflation, unemployment, and general economy health. workplace experts believe that increasing pay need not be a burden for companies. instead, it should be an opportunity. those astir innovation, to focus on how they will be more productive. focus on how they will be more productive-— productive. they insist that 3.5 increases _ productive. they insist that 3.5 increases not _ productive. they insist that 3.5 increases not enough, l productive. they insist that. 3.5 increases not enough, well research says it's too much. many insist that their struggles will continue. phil mercer, bbc news, sydney. before ago, olivia's central bank has suspended all

operations after a senior employee was kidnapped —— libya. they said he was taken from his home and identified on sunday morning and that other employees have been threatened with kidnapping as well. the central bank is the only internationally recognised depository for libyan oil revenues that are vital to the country. libya has been torn for years between two rival governments in tripoli and benghazi since the ousting and killing of libyan leader gadhafi back in 2011. closure came back after the bank suffered a seizure by armed men. that's a story to keep an eye on the meantime. thanks for your company. see you again soon.

hello there, i'm all foster haaland scores for city in his hundredth appearance as they start their title defence with a win. it's an underwhelming la liga debut for kylian mbappe as the champions real madrid are held at mallorca. and sabalenka serves up her sunday best to beat swiatek in their cincinnati semi—final. hello there. the manchester city manager pep guardiola hailed erling haalands scoring record as he helped them