to find out what it means for us consumers and businesses. jennifer is the owner of sweet mama's mambo is all too familiar with the burden of higher borrowing costs. finally that is set to change. the first time in four years interest rates are about come down. for the maker of firebrick —— barbecue sauce we met the most powerful banker to room power here, some relief, she's been playing a high rate on the credit cards she has been using to fund her business.— been using to fund her business. y ., , , business. my monthly payments have increased _ business. my monthly payments have increased tremendously . business. my monthly payments have increased tremendously so | have increased tremendously so i would like to see the interest rates come back down. whenjerome interest rates come back down. when jerome powell interest rates come back down. whenjerome powell visited this market the federal reserve was watching closely if the

interest rate hikes are in cooling inflations even if it were those type of small businesses. it is about to change. mr powell and his colleagues are said to cut interest rates. in new york the arrival of ogden marks a change. after raising interest rates 11 times, the american central bank is all but certain to unwind to that. but how quickly they go down from here is still up for grabs. perfectly, like this on your porch and we price it less than picking up the pumpkins themselves. at picking up the pumpkins themselves.— picking up the pumpkins themselves. �* , ., , themselves. at this farm shop themselves. at this farm shop the rebirth _ themselves. at this farm shop the rebirth of _ themselves. at this farm shop the rebirth of economy - themselves. at this farm shop the rebirth of economy as - the rebirth of economy as follicles or to the official target of 2% is yet another moment of change. we target of 296 is yet another moment of change. we want stability- _ moment of change. we want stability- is _ moment of change. we want stability. is that _ moment of change. we want stability. is that not - moment of change. we want stability. is that not but - stability. is that not but every one once, that means stability, security means you can predict what you're business will do, how your community will grow, all of those things and that means you are secure. fin

those things and that means you are secure-— are secure. on the outskirts of town the first _ are secure. on the outskirts of town the first rate _ are secure. on the outskirts of town the first rate cuts - are secure. on the outskirts of town the first rate cuts since i town the first rate cuts since the pandemic may not fix the tough housing market in america. the patent rights is director of marketing at keystone custom homes. he says despite the mortgage screens, house prices here have remained high. house prices here have remained hi.h_ ., ., house prices here have remained hiuh. ., .,'::' house prices here have remained hi.h_ ., .,'ii' ~ house prices here have remained hiuh. ., .,'::' . ., high. economics 101. we are seeinu high. economics 101. we are seeing not _ high. economics 101. we are seeing not enough - high. economics 101. we are seeing not enough supply i high. economics 101. we are. seeing not enough supply and high. economics 101. we are . seeing not enough supply and if the demand increases because affordability gets even better, assuming the supply remains static as is, we are anticipating it is going to push pricing even higher. rates are on their _ push pricing even higher. rates are on their way _ push pricing even higher. rates are on their way down, - push pricing even higher. rates are on their way down, a - are on their way down, a potential boost to consumers and businesses, the question now is how low will they go. now as wall street braces for an interest rate cut tomorrow, alicia garcia—herrero from natixis lays out what the fed's next move could mean for markets and economies in asia.

acker to set it all. the time has come and we have been waiting for very long —— jerome powell said it all. everyone has waiting for months expecting that cut that was delayed because of stubborn inflation. what we have now is moderate inflation, we still have a little bit of unexpected inflation just a week ago but the data shows inflation is under control for the us so the fed is going to cut. the only question is will it be 25 basis points or 50 basis point the latter would give a signal that the us economy is decelerating much faster. we think it would be 25 basis pointjust to show the market the direction but not necessarily the urgency so that leaves our goal of 25 points today.—

that leaves our goal of 25 ointstoda . ~ ~ ., ., ,, , points today. we know markets often like to — points today. we know markets often like to move _ points today. we know markets often like to move ahead - points today. we know markets often like to move ahead of- often like to move ahead of things and guesstimate what will happen next so are they pricing a rate cut of 25 points?— pricing a rate cut of 25 oints? ~ . ., ., ., points? we have an average because there _ points? we have an average because there are _ points? we have an average because there are differentl because there are different calls, a rate cut of a0 so people think a larger group of people think a larger group of people think a larger group of people think of 50 and other think 25. it is where we are. the important thing is not that, it is the idea that we are going to have many rate cuts, the most aggressive i think will be 125 basis points, we are ready in september sue you can see for this analyst, the us could be in recession. after the date released yesterday which was quite positive for the us, it's a bit of a turn that the us indeed for most analysts, avoid

recession. we had some big news from instagram overnight. the social media app announced an overhaul of its services for teenagers, including more safeguards to protect them from harmful content. the bbc�*s north america technology correspondent lily jamali has all the details. for instagram users under the age of 18, their accounts will now be private by default. that means that instagram will be able to limit who they interact with on the app. it will also be able to impose limits on the kind of content that they see. so no fights, no cosmetic procedures. the app will also be aiming to filter out vulgar language. to give you a couple of examples for parents, they will now be able to see who their kids are messaging with on the app, and for users under the age of 16, they will need parental permission to make any changes to their account settings. one more change i want

to mention — notifications. instagram will no longer be able to send children notifications between the hours of 10 pm and 7 am, those overnight notifications blocking those. that's something that regulators and lawmakers have asked forfor quite some time now. the context here is that there is a bill gaining traction right now in the us congress. the kids online safety act, or kosa, imposes a legal duty of care on meta, which runs instagram as well as other social media companies. basically, that means that these companies have to exercise reasonable, take reasonable measures to protect kids online, sceptics say, because that bill is now advancing in the house of representatives. that's why instagram is doing this now. but i spoke with a meta spokesperson earlier today, they say the timing is entirely

coincidental. elon musk is gearing up to sue the us federal aviation administration for regulatory over—reach. his remarks came after the faa said they were seeking a 633 thousand dollar fine against spacex. according to the faa, spacex failed to follow rocket launch procedures during two of its launches in 2023. the fine is a consequence for failing to comply with safety requirements. musk though believes he has a case, and in a post on x said the faa's behaviour is politically motivated. canada and asean — they're on opposite sides of the world map but there's keen interest from both sides to do business together. negotiations for an asean — canada free trade agreement which started in 2021 is expected to wrap up by next year. wayne farmer, president of the canada—asean business council explained why the two blocs are important to each other. there are certain clusters in

canadian industry such as ai, energy, agribusiness and food as well as infrastructure investment at the top of the mind in some opportunities we see in asean. 85 media incorporates, and my interest, there are 30—35 industry sectors represented so there are a diverse set of opportunities in the asean for canadian industry. not only is it an investment destination, it an investment destination, it is also a market. absolute taking advantage of the increase in increments, the rise in the middle class and the search for a reliable trading partners. there are growing markets here for canadians notjust for supply canadians not just for supply chain canadians notjust for supply chain investment but to sell potential products or services to the markets.— potential products or services to the markets. what does asean aet out of to the markets. what does asean get out of this? _ to the markets. what does asean get out of this? i _ to the markets. what does asean get out of this? i think _ to the markets. what does asean get out of this? i think asean - get out of this? i think asean nets a get out of this? i think asean gets a reliable _ get out of this? i think asean gets a reliable trading - gets a reliable trading partner. in some of the changes

of the global supply chains and geopolitics are seeing smaller regions such as asean and canada together much bader able to uphold rules —based trade. we offer a depth of opportunities in particular food and energy security which is something, post—covid, has been on top of mine for many asean candidates and canada is never what denies food or energy security so in essence we are a reliable trading partner going forward. the owner of the guardian has confirmed it is in talks to sell the observer, the world's oldest sunday newspaper, to tortoise media.tortoise the owner of the guardian has confirmed it is in talks to sell the observer, the world's oldest sunday newspaper, to tortoise media. tortoise approached guardian media group or gmg with an offer to invest around a2 million dollars over the next five years. those funds will be used to renew the observer editorially and commercially. while gmg is not actively trying to sell the observer, it is examining the tortoise proposal to see if it is viable. and that's it for this

edition of business today. thanks for watching.

hey, i'm lola with the catch up. tonight — insta's overhaul for teens, the last day of london fashion week and an escape capybara. insta has announced a pretty big policy change to help protect teenagers online. under—16s will now have teen accounts which give parents more control to set privacy settings. this comes as social media companies are under pressure to better protect children.

it's the last day of london fashion week. i caught up with chet lo, one of the 250 designers showcasing their collections. he told me more about his designs. this collection is really inspired by my mum. it's entitled mai's blossoms, and it's kind of taking on the journey that she went through from a titan in the corporate world, and then now becoming a painter and a school teacher. we took like classic office wear and then mixed it up with like beautiful aethereal tones. chet also partnered with a project that makes fashion more accessible to visually impaired people. the perfect designer to enable guests to not only listen to such descriptive audio descriptions, but also to have these tactile tours and feel the fabric swatches. another story now. sean "diddy" combs is facing criminal charges, including sex trafficking.

his lawyer said they were disappointed and called the prosecution unjust. the rapper pled not guilty to all charges. now 10 seconds of a capybara living her best life. cinnamon escaped from a zoo four days ago. look how cute! the owner says the search for her is continuing, but that she's probably living her best life at a nearby river. you're all caught up. have a great night. hello and welcome to sportsday with me — will perry. the headlines. harry kane breaks yet another record at bayern munich as they win 9—2 in the champions league. glasgow gets the go—ahead to host a scaled back 2026 commonwealth games. and working his way back to the top, anthonyjoshua

tells us about his two year journey to set up another world title shot on saturday night. this season's uefa champions leagueis up ad running with six games and plenty of goals. bayern munich's harry kane scored four to become england's top scorer in champions league or european cup history in a demolition of dinamo zagreb. kane's fourth — his third penalty of the game — was his 33rd champions league goal as he passed wayne rooney's old record of 30. despite winning 5 out of 5 in all competitons this season, there's still been criticism for the bayern boss vincent kompa ny. kylian mbappe scored his first champions league goalfor holders

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