warnings of a grim september for uk oil and steel workers as thousands ofjobs are set to be cut. and we take you to the french riviera for europe's biggest in water boat show. live from london, this is business today. i'm sally bundock. we start in the us, where apple are banking big time on al with their latest launch of a slew of upgraded products. at an event at apple's hq in california, chief exec tim cook unveiled the star of the show, the latest iphone 16. built with apple's ai platform, he described it as pushing the boundaries of what a smartphone can do. the tech giant has been under pressure to show what it will offer buyers to jump—start a new wave of iphone sales, which have been flagging. our north america technology correspondent lily jamali has all the details.

a packed crowd took in the latest iphone launch at apple headquarters in a —— helicopter —— california. they were all here to see this. ceo tim cook says the iphone 16 is the first to be built from the ground up for artificial intelligence. the software is integrated into host of applications across the iphone. take this photo editor allowing you to remove people from the background and this tool which helps rewrite your e—mails. there is an upgrade to the voice assistant, which can now take written commands and is said to work better with natural spoken language. for now apple intelligence features will not be available in the eu

as executives find themselves in the middle of a dustup with regulators over the digital markets act. the features will, however, be available in the uk. that is when they are released. the test version will start with the roll out in the us next month with more coming of the year. when it becomes available analysts say they are keen to use ai available analysts say they are keen to use al to sell more phones. keen to use al to sell more hones. ~ keen to use al to sell more phones-_ keen to use al to sell more hones. ~ �* , ., phones. will ai drive sales on its own to _ phones. will ai drive sales on its own to make _ phones. will ai drive sales on its own to make it _ phones. will ai drive sales on its own to make it might - phones. will ai drive sales on its own to make it might not. | its own to make it might not. it is not necessarily the thing that will trigger people to buy iphone 16 in waves. the company faces stiff competition _ faces stiff competition from the usual suspects, google and samsung, and now china's huawei, which introduced a new trifold phone as the festivities were under way. sales of the mater xt have

topped 3 million so far. some analysts say the decision to roll out features before they are ready puts the company under extra pressure to deliver. a test version of apple intelligence will be released in the us next month with more coming by the end of the year. for more, joining me now is russ frushtick, co—founder of tech news site polygon. good to see you. what is your reaction? i good to see you. what is your reaction?— good to see you. what is your reaction? i agree with some of the notes- _ reaction? i agree with some of the notes. the _ reaction? i agree with some of the notes. the big _ reaction? i agree with some of the notes. the big concern - reaction? i agree with some of the notes. the big concern is l the notes. the big concern is they are trying to push ai as they are trying to push ai as the forefront for the company and a lot of people will not experience that for a few months if not longer. that is what they are trying to convince people is the future. people need to hold it in the hands before they can make a judgement call to see if it will change their life.- judgement call to see if it will change their life. you are fairly neutral, _ will change their life. you are fairly neutral, muted, - will change their life. you are

fairly neutral, muted, which i fairly neutral, muted, which was the reaction on markets. there is not a wow factor. yes. there is not a wow factor. yes. the big push they are arguing on the new iphones is basically this camera control button which i am prettyjazzed about. i have both rear roll that runs around everywhere. the idea i can have a shot quickly because there is a dedicated button makes a difference but it is not the groundbreaking... there are not holograms coming out of this. it will not all people over necessarily. it cannot make me _ over necessarily. it cannot make me a _ over necessarily. it cannot make me a cup _ over necessarily. it cannot make me a cup of - over necessarily. it cannot make me a cup of tea - over necessarily. it cannot make me a cup of tea yet. over necessarily. it cannot - make me a cup of tea yet. that is the game changer for me. it cannot babysit for us. this is the big question, isn't it, because it will be ai that we will get used to without realising. is that the way it will work?— will work? we are there already- _ will work? we are there already. if— will work? we are there already. if you - will work? we are there already. if you have - will work? we are there l already. if you have used google in the last two years you have experienced ai directly. any time you type an

e—mail and it suggests things, thatis e—mail and it suggests things, that is al. a lot of it is subtle and you do not know it is happening but it will become more obvious as people generate images and video. tell more obvious as people generate images and video.— images and video. tell us about the deal with _ images and video. tell us about the deal with chatgpt_ images and video. tell us about the deal with chatgpt - - images and video. tell us about the deal with chatgpt - free - the deal with chatgpt — free access. i thought we already had that. access. i thought we already had that-— had that. there are tiers of chatgpt — had that. there are tiers of chatgpt that _ had that. there are tiers of chatgpt that would - had that. there are tiers of chatgpt that would allow l had that. there are tiers of. chatgpt that would allow you had that. there are tiers of- chatgpt that would allow you to do much more, so basically what it is unlocking, pretty in fact call him given they are leaders in the space but it will remain to see if mass markets will use that feature. es, to see if mass markets will use that feature.— that feature. a surrey upgrade - does that — that feature. a surrey upgrade - does that excite _ that feature. a surrey upgrade - does that excite you? - that feature. a surrey upgrade - does that excite you? i - that feature. a surrey upgrade j - does that excite you? i avoid — does that excite you? i avoid that or chatbots. —— siri. i use them when i'm driving, so having upgrade is important to me because a lot of times siri does not know what album i want

to play or what i want to do now so having an enhancement and more intelligence behind it could probably be pretty helpful. good to get your take. thanks for your time. i would love to hearfrom thanks for your time. i would love to hear from you. what do you think? staying in the us, it was a positive day on wall street as investors went bargain hunting ordip buying. that's buying when prices have dropped, and the tech stocks — those that were among the hardest hit last week — were monday's top performers. ritika gupta was watching all the action in new york. us stocks rebound and as dip buyers emerge following the worst week of the year. the nasdaq closed over 1% higher while the dowjones outperformed adding nearly 500 points. tech stocks, amongst

the hardest hit last week, led the hardest hit last week, led the charge with nvidia and tesla. all sector groups contributed to gains on monday. retailers, banks and industrial shares staged a comeback as investors believe a rate cut would give a boost to the flagging consumer. while september is typically challenging and volatile full stocks, so far this has been the worst start to a september on record according to an investment group, investors digesting a slowing economy after us jobs data. this week investors turned back to inflation with consumer price data out. this may provide further clues are and whether the federal reserve full cut basis points by 25 or 50 basis points when it meets on september the 18th. let's take a look at the markets. trading in hong kong is muted

because investors are under pressure following a bill in the us. let's look at the american board so you can see the close on wall street. to the uk now, where the government is warning of a grim septemberfor people working in the steel and oil refining industries. it's estimated around 6,000 job losses could be on the cards with the steel works in port talbot and scunthorpe bearing the brunt as furnaces are wound down. this comes alongside news that the government is expected to follow through on a £500 million subsidy promise to tata steel in port talbot — money towards the cost of building a new electric arc furnace for "green" steel making for the future. so tough times for heavy industry, but how is the ukjobs market functioning more broadly? we'll have the latest numbers out in just over an hour's time.

joining me now is toby, chief executive of recruiters robert walters. good to have you on the programme. obviously, within the steel and oil business it has been under pressure for years, hasn't it, and this is coming to a head now? it is. actually we _ coming to a head now? it is. actually we have _ coming to a head now? it is. actually we have our - coming to a head now? it is. actually we have our own - coming to a head now? it is. i actually we have our own data, and we operate the private sector and white—collar markets as well but i am for the first time in awhile feeling optimistic about the upcoming results. ~ , ., optimistic about the upcoming results. ~ , , results. when you say results, ou results. when you say results, you mean _ results. when you say results, you mean the _ results. when you say results, you mean the jobs _ results. when you say results, you mean the jobs data - results. when you say results, you mean the jobs data out. you mean the jobs data out today? you mean the 'obs data out toda ? ~ ., ., you mean the 'obs data out toda ?~ ., ., you mean the 'obs data out toda ? ~ ., ., ., you mean the 'obs data out toda ?~ ., ., ., , today? what do you mean? yes. in terms today? what do you mean? yes. in terms of— today? what do you mean? yes. in terms ofjob _ today? what do you mean? yes. in terms of job vacancies - today? what do you mean? yes. in terms ofjob vacancies in - in terms ofjob vacancies in particular. we have had the election. our own data tells us since the election results we have seen our own data injuly

which has been the best month in terms ofjob vacancies since quarter 12023, so i have a small degree of optimism about what we might see. milt; small degree of optimism about what we might see.— what we might see. why has there been _ what we might see. why has there been a _ what we might see. why has there been a shift? - what we might see. why has there been a shift? our- what we might see. why has - there been a shift? our company is looking to hire now in a way they were not before? it comes down to confidence _ they were not before? it comes down to confidence largely. - they were not before? it comes down to confidence largely. i i down to confidence largely. i think what we have seen over the last 12 months is a lack of confidence, withjobseekers the last 12 months is a lack of confidence, with jobseekers who obviously have come out in the pandemic, a surge in wages with inflation and so forth, seen the market come off a bit and jobseekers have chosen what is largely a low unemployment market, jobseekers have chosen to stay in the job so until we start see that confidence returning with things such as certainty on election results, i think we will be in this slightly more challenging period.

slightly more challenging eriod. �* slightly more challenging aeriod, �* , slightly more challenging eriod. �* , ., , period. also, as interest rates come down — period. also, as interest rates come down in _ period. also, as interest rates come down in the _ period. also, as interest rates come down in the uk, - period. also, as interest rates come down in the uk, that. period. also, as interest rates| come down in the uk, that will help employers, won't it, as their debt burdens ease for those who are paying a high level of debt? it those who are paying a high level of debt?— level of debt? it will and it is confidence _ level of debt? it will and it is confidence as _ level of debt? it will and it is confidence as well- level of debt? it will and it is confidence as well on i level of debt? it will and it| is confidence as well on the employers' side because they have been under pressure. the cost of running businesses has increased so interest rate changes will help. c. i want to be clear, this is a lot of surge we have seen especially in july post the election outcome so i injuly post the election outcome so i think in july post the election outcome so i think the real truth in a normal market we see a lot of activity in september, october, november, so let's see what the results come out with and thereafter the following results will be really important.— results will be really important. results will be really imortant. ., important. good to get your take on the _ important. good to get your take on the jobs _ important. good to get your take on the jobs market - take on the jobs market overall. thank you forjoining us here on bbc news. around the world and across the uk, this is bbc news.

more from the us now, where it's a huge day for the presidential race as the two candidates, donald trump and kamala harris, go head—to—head in theirfirst television debate. it's been a turbulent time for us markets as investors weigh up the health of the world's biggest economy. and it's the economy, particularly how well off the american people are, that will be front and centre in the election. so, just how different are their economic policies? michael field is european equity strategist at morningstar. hello to you. looking at what

people are saying about this debate, which is this time tomorrow it will have just happened a few hours earlier. they say economy and taxes could be a focal point of the conversation between kamala harris and donald trump. i think that should be a focal point, whether or not it and descends into anything else is the big question on people's minds but they have put out the economic policies, what they will do and there are big differences especially when it comes to taxes and paying for future benefits and trying to stimulate the economy. i think now is the time to hash it out and find out the weaknesses in those plans. and find out the weaknesses in those plana— those plans. there are a lot of headlines _ those plans. there are a lot of headlines already _ those plans. there are a lot of headlines already about - those plans. there are a lot of headlines already about whatl headlines already about what these two presidential nominees will be pushing for if they are in office. the financial times today looks at donald trump escalating tariff threat, vowed to protect the us dollar. he has been speaking at various

events talking about tariffs he would be putting on european goods, chinese goods. your take? ~ ., , goods, chinese goods. your take? . , , ., take? we are being focused on euro -e take? we are being focused on eumpe and _ take? we are being focused on europe and european - take? we are being focused on europe and european stocks, l europe and european stocks, very aware of what those tariffs might mean particularly for large exporting countries like germany, big manufacturing industries, things like those materials, for example, so it could have a huge impact on european stock so we are looking at this at the moment. harris's policies are more us centric own about taxes and things like this, internal taxes and corporation taxes, so less effect on european stocks, but we are a little light on the details so hopefully this evening's debate provides clarity. evening's debate provides clari . ~ clarity. do you think the economy _ clarity. do you think the economy is _ clarity. do you think the economy is probably - clarity. do you think the | economy is probably one clarity. do you think the . economy is probably one of clarity. do you think the - economy is probably one of the most important factors for voters this time? i most important factors for voters this time?- most important factors for voters this time? i think the consumers _ voters this time? i think the consumers in _ voters this time? i think the consumers in the _ voters this time? i think the consumers in the us - voters this time? i think the consumers in the us have . voters this time? i think the i consumers in the us have been through a pretty tough period,

inflation almost reaching 10% two years ago and have hit —— been hit hard, a lot of people have been struggling and for them it is a key issue — how economically wealthy people feel and are not always the same thing. feel and are not always the same thing-— same thing. interesting actually _ same thing. interesting actually because - same thing. interesting actually because as - same thing. interesting j actually because as was mentioned, that they'd meets next week, so much attention from financial markets how far it might go in cutting rates. many predict there will be a cut in september. some think jerome powell will not go hard forfear of jerome powell will not go hard for fear of the application for the election in terms of it being seen to be... not manipulating, that is too strong, because they are independent of politics, but do you see what i mean? i independent of politics, but do you see what i mean?- you see what i mean? i think the fed have _ you see what i mean? i think the fed have tried _ you see what i mean? i think the fed have tried to - you see what i mean? i think the fed have tried to steer . the fed have tried to steer away and during donald trump's

rain, the fed has tried to step back and distance itself from illogical wranglings. back and distance itself from illogicalwranglings. i back and distance itself from illogical wranglings. i think their decision will come down a little bit less politically and more down to economics. we wrote an article recently talking about how find balanced it was and how a 50 basis point cut might be taken badly by the market because it might mean they are trying too hard to try to boost the economy, so i think there is a lot going on. but i think the fed have done a good job at distancing themselves from the political aspect. themselves from the political asect. ., ~' ,, themselves from the political asect. ., ~' ~ aspect. thank you. we appreciate _ aspect. thank you. we appreciate your - aspect. thank you. we i appreciate your thoughts. now, as we've been saying, one of the big questions in the us is over trade with donald trump warning he will impose even more tariffs on america's trading partners if he wins november's election. but in a new report, the world trade organization is urging governments around the world not to use trade barriers such as tariffs to protect their workers, as our business reporter

jonathanjosephs reports. from the ongoing disruption in the red sea to politicians and the red sea to politicians and the taste for tariffs, global trade is under pressure. this report, though, is a reminder of its role dragging millions out of poverty, making the world a more equal place. since the foundation _ world a more equal place. since the foundation of _ world a more equal place. since the foundation of the _ world a more equal place. since the foundation of the wto - world a more equal place. since the foundation of the wto 30 l the foundation of the wto 30 years ago, low and middle income countries have on average almost tripled their per capita gdp and therefore have narrowed the income gap to high income countries. we estimate up to one third inaudible cost reductions facilitated by the wto. there is awarding — facilitated by the wto. there is awarding some _ facilitated by the wto. there is awarding some countries l facilitated by the wto. there i is awarding some countries are being left behind. which countries, which parts of the world is that and how do we address those problems? mast address those problems? most are in africa. — address those problems? most are in africa, middle _ address those problems? most are in africa, middle east, - are in africa, middle east, latin america and the caribbean and there are two risk were

identified, one not being integrated into an additional trade. —— international. and being dependent on commodity experts. being dependent on commodity exerts. ~ , , being dependent on commodity exerts. , , ., ., experts. why is it important to be aware of — experts. why is it important to be aware of how— experts. why is it important to be aware of how trade - be aware of how trade is closing that gap? is there a problem in the world in terms of bridging that gap? it is problem in the world in terms of bridging that gap?- of bridging that gap? it is a concern of _ of bridging that gap? it is a concern of many _ of bridging that gap? it is a j concern of many members, of bridging that gap? it is a - concern of many members, how we can make trade more inclusive between countries and within countries. more broadly we have a crisis of globalisation and more and more people are convincing themselves that trade is part of the problem when it comes to building a more secure and sustainable world, but also more inclusive. we wanted to share the evidence on trade and inclusiveness. ii on trade and inclusiveness. if we look at the more industrialised, wealthier countries putting up trade barriers, the us and the eu and the action against crina on

electric vehicles, that has spawned concerns about losing manufacturing, jobs and national security concerns. do the data justify those concerns?— the data justify those concerns? ., ,., concerns? one general point i can make _ concerns? one general point i can make if— concerns? one general point i can make if i _ concerns? one general point i can make if i look _ concerns? one general point i can make if i look at - concerns? one general point i can make if i look at workers l can make if i look at workers now and domestic inequality, protecting jobs, one thing the report says very clearly is protectionism is not the most effective way to inaudible workers and the answer is to give them the opportunity to benefit from international trade and just like trade liberalisation creates winners and losers, imposing tariffs does. that is a reason that is not the way to help workers necessarily.— not the way to help workers necessarily. one thing that is not denting _ necessarily. one thing that is not denting the _ necessarily. one thing that is not denting the prospects - necessarily. one thing that is not denting the prospects of| not denting the prospects of global trade involves the red sea because attacks on ships. after a rare fall last year it is set to grow once again as economies around the world bounce back from energy and inflation shocks. before i say

goodbye, let's take you to cannes now, not for the film festival, but a touch of boating. the glamorous french coastal city is hosting its annual yachting festival, which starts today. hundreds of boats, from the smallest craft to the super—luxury giants of the sea, will be on display. one company showing off its latest models is brunswick, one of the world's largest boating companies. joining me is its boss, dave foulkes, who's at the event. good morning. just checking you can hear us. yes. talk us through this event. how big of a deal is this for you and your business? it a deal is this for you and your business?— a deal is this for you and your business? , ., ., .,, business? it is one of the most important _ business? it is one of the most important events _ business? it is one of the most important events in _ business? it is one of the most important events in europe - important events in europe for us, a wide range of boats make. we displayed three or four of our boats. this is the premium

and of the market. it is important in this area and for the local economy.— important in this area and for the local economy. who are your clients? they _ the local economy. who are your clients? they arrange _ the local economy. who are your clients? they arrange a - the local economy. who are your clients? they arrange a lot. - clients? they arrange a lot. brunswick _ clients? they arrange a lot. brunswick is _ clients? they arrange a lot. brunswick is in _ clients? they arrange a lot. brunswick is in different - clients? they arrange a lot. l brunswick is in different parts of the market but our average consumer buys about... for about $50,000, £40,000. the boats here are mostly much more expensive, so this is the more premium and of the market represented mostly at the show. i assume the premium and of the market is untouched by economic woes, by events that take place, or whatever. it woes, by events that take place, or whatever.- woes, by events that take place, or whatever. it is more insulated. _ place, or whatever. it is more insulated, not _ place, or whatever. it is more insulated, not entirely - insulated, not entirely untouched. compared as you indicated there with the more value in core parts of the market, which are more exposed to consumers under pressure from inflation and cumulative effects of interest rates, this is a little more insulated but

i would not say completely unaffected. fits i would not say completely unaffected.— unaffected. as we were all preparing _ unaffected. as we were all preparing for _ unaffected. as we were all preparing for this, - unaffected. as we were all preparing for this, talking | unaffected. as we were all. preparing for this, talking to you, many of us thought, we are reminded of the tragedy this year of the british technology tycoon, mike lynch, his daughter who died among others, in a superyacht tragedy which was a freak accident. still, does it impact this event and people's appetite? ida. does it impact this event and people's appetite?— does it impact this event and people's appetite? no, i have not seen that. _ people's appetite? no, i have not seen that. it _ people's appetite? no, i have not seen that. it was - people's appetite? no, i have not seen that. it was a - not seen that. it was a terrible tragedy and we are very sorry for everybody involved but i have not seen any impact on the show. this is the early part but i would not expect that. in the early part but i would not expect that-— expect that. in terms of analysis _ expect that. in terms of analysis poster - expect that. in terms ofj analysis poster tragedy, expect that. in terms of - analysis poster tragedy, does that impact looking at safety in technology? a lot of this is about new technology and this event, showing what you are doing on the super yachts taking them forward. it is about new _ taking them forward. it is about new technology. i about new technology. technology is a huge part of

boating and yachting now and i don't know if you can see it behind me but you have huge touchscreens, radarand behind me but you have huge touchscreens, radar and sonar, so we are trying to make everything we can to make boating as intuitive and safe as we can. now and again there are terrible tragedies and we hope to learn from them. what hope to learn from them. what about sustainability? _ hope to learn from them. what about sustainability? i - hope to learn from them. what about sustainability? i know. hope to learn from them. what about sustainability? i know in this area, in this sector, there is passionate about the sea and the quality of the sea. people on the superyacht or smaller craft see it all the time. , ., ., time. they do. the marine ecology. — time. they do. the marine ecology, ecosystem - time. they do. the marine ecology, ecosystem is - time. they do. the marine i ecology, ecosystem is super important to voters in general. we pay a lot of attention to it, try to make boats as safe and clean as possible. this year we are showing a line of new electric outboards from our mercury marine brand which will power some of the smaller boats but as the technology advances, we will continue to work up and

up, as battery technology becomes more capable of powering some of these boats. thank you for talking to us live. the show starts today. let's squeeze in the story. australia will ban children from social media platforms. it's cited the risks posed to physical and mental health. prime minister anthony albanese did not specify an age limit for the ban but said he was "looking at the range between 14 and 16." the legislation is expected to be introduced this year. stay with us here on bbc news. hello there. well, it's been mild, relatively speaking, despite all of that rain in the south, and very warm, in fact, out towards the far north and west, but some changes for the next couple of days. autumn is biting back. temperature—wise at least, it's going to turn colder

by day and by night, with the chance of a frost for some, especially on thursday night. it will be windy, a brisk northwesterly wind, sunny spells, but also some blustery showers. and those changes have already started. a deep area of low pressure sweeping across the northern isles is sending this cold front sweeping southwards and eastwards across the uk. so you see that milder air being pushed away, marked in orange, blues, and yellows, the colder air takes over through the middle part of the week and it will feel bitingly cold, i think, in exposure to that northwesterly wind. and here's the cold front for the rest of tuesday. it sinks southwards and eastwards, a narrow band of rain for most. there will be some cloud ahead of the front, but sunshine developing behind, blustery showers, very heavy rain across the northern isles could lead to some localised flooding and it's windy wherever you are across the uk, but particularly so for the northern isles. gusts of wind here of up to 60—65mph. and here are the temperatures, ranging between 11—18 degrees. we keep that mild air

towards the south, but the rain could pep up here perhaps as we head through tuesday evening before it clears overnight. it's going to feel cold on tuesday night. some of our temperatures could drop back to mid—single figures. i think you'll really notice the chill on wednesday morning. still some blustery showers out towards the north and the west, but we will see some more clearer skies, especially the further south and east you are. and then on wednesday, it's a typical day when we see a northwesterly wind at this time of year. sunny spells and showers, most of the showers towards the north and the west, some of them heavy and possibly thundery. it will feel cold and exposure, so that's still brisk northwesterly wind and temperatures are now below the seasonal average across the board. but it's still september, so in the spells of sunshine and sheltered from the wind, then it won't feel too bad. again, more sunny spells and showers perhaps on thursday, and then high pressure starts to build in from the southwest. that's going to have the effect of lightening the wind, so there could be a bit of frost, particularly for northern england, parts of scotland into friday morning, and some mist and fog developing as well.

but mostly dry on friday, temperatures recover on friday, and through the weekend. bye— bye.

good morning. welcome to breakfast with sally nugent and jon kay. our headlines today — more than 1,700 offenders are released from prison early,

under emergency plans to ease overcrowding injails. mps prepare to vote on plans to restrict winter fuel payment to all but the poorest pensioners. the prime minister says he knows it's unpopular, but believes most pensioners can afford it. but some mps, unions, and many pensioners are deeply opposed. we look at the numbers. i've been waiting for you, obi—wan. we meet again at last. american actorjames earljones, best known for being the voice of star wars villain darth vader, has died aged 93. after his run to the us open semifinals, tennis ace jack draper will link up with great britain's davis cup squad here in manchester today as the city once again prepares to host the world cup of tennis.