companies are warned about a rise in so—called ceo fraud. fraud. plus, disco downturn. plus, disco downturn. three nightclubs a week three nightclubs a week are closing down here in the, are closing down here in the, so why are promoters so why are promoters being forced to pull the plug? being forced to pull the plug? live from london this is business today. we start in the us where trade we start in the us where trade tensions with china tensions with china are being ramped up this friday are being ramped up this friday as import taxes or tariffs as import taxes or tariffs on a range of chinese made on a range of chinese made michelle fleury reports, goods are going up sharply. goods are going up sharply. that's despite a last minute appeal on thursday by the commerce ministry by the commerce ministry in beijing for washington in beijing for washington to reconsider. china is desperate to dig to reconsider. china is desperate to dig its economy out of a slump — its economy out of a slump — it's facing a collapse it's facing a collapse in its real estate market in its real estate market and plunging and plunging consumer confidence. in the last few hours it has consumer confidence. in the last few hours it has cut the cost of borrowing cut the cost of borrowing and pumped money into and pumped money into

the banking system. the banking system. and as the bbc�*s and as the bbc�*s michelle fleury reports, it could face even more tense relations with the us depending on who wins the race for the white house. when the measures were first announced back in may, the white house said it was in response to china's unfair trade practices and to protect us jobs. at the time the chinese said they opposed the hikes and would retaliate. analysts said the tariffs, which include a 100% duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. as well as a rise on ev tariffs, levies on solar cells will increase to 50%, while rates on steel and aluminium products will more than triple to 25%. tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. the increases, which impact a relatively small amount of us imports, come as vice president kamala harris and former president donald trump have

clashed over tariffs make

industry and they want to make sure now and potentially in the future there is not going to be chinese competition. we are not going to see any difference tomorrow when those tariffs go into effect in the united states because there are no evs on boats headed to the us right now. in on boats headed to the us right now. ., ., ., now. in the here and now, not thinkin: now. in the here and now, not thinking about _ now. in the here and now, not thinking about donald - now. in the here and now, not thinking about donald trump i now. in the here and now, not. thinking about donald trump was make for and heightened tariffs on chinese imports, but these need tariffs, what impact if any, you said they will have no minimal impact? the electronic vehicle tariffs _ minimal impact? the electronic vehicle tariffs will— minimal impact? the electronic vehicle tariffs will have - vehicle tariffs will have minimal impact, the other sectors they are heading such as lithium ion batteries for electric vehicles, is emitted they are raising tariffs on steel and solar cells. those things in the aggregate will probably not have a big impact on the economy but for the

businesses and industries that use those things as inputs and the products they make, they will be concentrated losses and those will be stupider get this done. it would not surpri will|e at all get this done. it would not surpri will be it all get this done. it would not throughout the economy in ways surpri will be stupider those will be stupider throughout the economy in ways that are smaller and we don't that are smaller and we don't notice so much unless we work notice so much unless we work on those particular areas. on those particular areas. donald trump has been talking a donald trump has been talking a tough game on new tariffs talk tough game on new tariffs talk about very high tariffs on about very high tariffs on chinese imported goods in chinese imported goods in particular. d0 particular. d0 chinese imported goods in particular-— chinese imported goods in particular-— chinese imported goods in chinese imported goods in articular. ~ particular. do you think, if he does win. _ particular. do you think, if he articular. ~ particular. do you think, if he does win. _ particular. do you think, if he does win, those _ particular. do you think, if he does win, those promises - particular. do you think, if he | does win, those promises will does win, those _ particular. do you think, if he does win, those promises - particular. do you think, if he | does win, those promises will survive contact with reality survive contact with reality particularly when you consider particularly when you consider how inflationary tariffs of how inflationary tariffs of that scale could be. i think that scale could be. i think they will— they will— that scale could be. i think they will survive _ that scale could be. i think they will survive contact i that scale could be. i think they will survive _ that scale could be. i think they will survive contact i that scale could be. i think l they will survive contact with reality. donald trump has that scale could be. i think l they will survive contact with reality. donald trump has followed through in the past on followed through in the past on things he promised he would do things he promised he would do on the campaign trail. and on the campaign trail. and tariffs are one of those things tariffs are one of those things where he has a great deal of where he has a great deal of executive it already was he can executive it already was he can bypass congress and used the bypass congress and used the levels of executive power to levels of executive power to get this done. it would not get this done. it would not

surprise me at all surprise me at all if he indeed within months of taking office put higher tariffs in place on china and

put higher tariffs in place on chini want the chinese to they want the chinese to stimulate the economy but at the same time they are very worried the ways this might be done will be perpetuating overcapacity in some of the sectors or increasing the subsidies and some of the sectors and evs and steel and ii sectors and evs and steel and 11 us is sectors and evs and steel and ii us is worried about. it is not obvious where this game is going to and. this will probably not play out in full until we know who is going to be the next us president. thanks for that. let's stay in the us, because boeing heads back to the negotiating table with its largest labour union in the coming hours, in a bid to end a strike that is rattling the firm's, already shaky, finances. more than 32,000 workers at boeing plants in seattle and portland oregon walked out on september 13th,

halting production of planes including its best—selling 737 max. the union wants a 40% pay rise and the restoration of a defined—benefit pension, that was taken away a decade ago. the timing could not be worse for boeing, as it battles to restore its reputation after a string of safety scandals, and faces spiralling debts. mike dunlop is an independent aviation analyst with 45 years experience in the industry. he's also author of the art of the turnaround, a guide to turning around failing companies. boeing's been in the headlines for all the wrong reasons lately, safety issues with 737 max have tarnished reputation, does that put the workers in a stronger or weaker position? i think they are in a very equal position but if the strike continues, i am afraid we are going to see mutually assured destruction. the

request and we have real challenges in the whole negotiation, the first time boeing came to agreement with the union, the rank and file turned it down by almost 98%. the next time boeing went turned it down by almost 98%. the next time boeing went straight to the rank and file straight to the rank and file and the union said no, we're and the union said no, we're not going to even hold an not going to even hold an election on it. i have been in election on it. i have been in seattle i missed 50 years now seattle i missed 50 years now and i have been through four of and i have been through four of these major strikes and they these major strikes and they don't and well. they don't and don't and well. they don't and well for the rank and file and well for the rank and file and don't and wealth of the don't and wealth of the company. company. don't and wealth of the don't and wealth of the company-— don't and wealth of the company. don't and wealth of the company-— don't and wealth of the company. don't and wealth of the com an . ., , ., company. you used that term mutually assured _ company. you used that term | mutually assured destruction, com an . ., , ., company. you used that term mutually assured _ company. you used that term | mutually assured destruction, company. you used that term l mutually assured destruction, a cold war phrase. how bad could company. you used that term l mutually assured destruction, a cold war phrase. how bad could be destruction be? it be destruction be? it cold war phrase. how bad could be destruction be?— cold war phrase. how bad could be destruction be?— be destruction be? it gets to a oint be destruction be? it gets to a be destruction be? it gets to a oint be destruction be? it gets to a point where — point where — be destruction be? it gets to a point where customers - be destruction be? it gets to a point where customers get - be destruction be? it gets to aj point where customers get fed up be destruction be? it gets to a point where customers - be destruction be? it gets to a point where customers get - be destruction be? it gets to aj point where customers get fed up point where customers get fed up with not receiving their point where customers get fed up with not receiving their aeroplanes. when you deliver an aeroplanes. when you deliver an

aeroplanes. when you deliver an aeroplanes. when you deliver an aeroplane to a customer, they aeroplane to a customer, they already sold the almost 98%. already sold the seats on the plane if you don't deliver, that causes an extraordinary ricocheted a fact through their customers. they also have a lot of people, key people working on the shop for other people actually making the planes. so you have this extraordinary balance that has occurred and it really needs some dramatic action to break the loop. the last one went on for eight weeks and with that the union almost loses all the benefits they gain during that period of time and boeing's negative cash flow is something the investment community has to watch. ., _ investment community has to watch. ., ., �*, watch. you say that. boeing 's customers _ watch. you say that. boeing 's customers are _ watch. you say that. boeing 's customers are annoyed - watch. you say that. boeing 's customers are annoyed and i watch. you say that. boeing 's i customers are annoyed and have been annoyed by the safety problems as well but it is not a conventional business. if your supermarket goes on strikes, you will go to the other went down the street but

plane making and plane selling is obviously very different, huge production backlogs and not so easy to switch from boeing to our bus. it not so easy to switch from boeing to our bus.- boeing to our bus. it is virtually _ boeing to our bus. it is virtually impossible. i boeing to our bus. it is l virtually impossible. one boeing to our bus. it is i virtually impossible. one of the strength and has as a company is its backlog.

for the third time this week. all eyes now are on us consumer inflation figures due out before the market opens on friday. a further easing in inflation a further easing in inflation could give the federal reserve could give the federal reserve more room to cut the cost more room to cut the cost of borrowing, after its of borrowing, after its half—percent reduction half—percent reduction earlier this month. earlier this month. the price of oil also fell the price of oil also fell sharply on reports saudi arabia sharply on reports saudi arabia plans to abandon its price plans to abandon its price target of $100 a barrel. target of $100 a barrel. let's bring in susannah let's bring in susannah streeter, head of money streeter, head of money and markets at the investment and markets at the investment firm hargreaves lansdown. firm hargreaves lansdown. it's been quite a week. it's been quite a week. measures by china to measures by china to stimulate its economy, stimulate its economy, that many would see as overdue, that many would see as overdue, have been announced. have been announced. and good data coming out and good data coming out of the us raising spirits of the us raising spirits at end of the week. at end of the week. perhaps more significant perhaps more significant is what's happening with oil, is what's happening with oil, suadi is giving up on target suadi is giving up on target of achieving $100 a barrel of achieving $100 a barrel and boosting production. that's good news as we emerge and boosting production. that's good news as we emerge

from an inflationary period, from an inflationary period, ata time at a time where it is getting tricky to bring inflation all the way back down to target and keep it there. the way back down to target and keep it there-— keep it there. there certainly will be welcome _ keep it there. there certainly will be welcome news - keep it there. there certainly will be welcome news for i will be welcome news for motorists who in some countries have been enjoying the lowest level at the pumps almost three years. certainly this is a good indication of what we are giving is brent crude, these lower prices should continue. however there are still potential options ahead for oil to rise again, not least the tensions and conflict in the middle east about risk spreading. however, the very fact china's economy is still struggling despite the stimulus announced although that has caused more optimism also keeping the price of oil lower. and this abandonment of a

target. we are expecting from saudi arabia. and expectations of moves from other members as well. all this is conspiring to bring down oil prices.- well. all this is conspiring to bring down oil prices. lots of investors _ bring down oil prices. lots of investors to _ bring down oil prices. lots of investors to be _ bring down oil prices. lots of investors to be excited i bring down oil prices. lots of| investors to be excited about. the stimulus measures by china, some better—than—expected employment data coming out of the us but all they considered, some people still think the us

claims came through. this is because the fed is thought to because the fed is thought to be focusing more on stopping the us moving to a deeper downturn rather than necessarily having inflation as its number one target and keeping a lid on that. but still, inflation is within their sides and there are still concerns it is higher than it should be and that is why the personal consumption expenditures index, a report will be closely watched a little later today. china has borrowed the kitchen sink, suddenly the people's bank of china has in the economy to transdermally demand but a lot more i think is needed on the physical side. more i think is needed on the physicalside. system more i think is needed on the physical side. system with thoughts households as well to really get the economy moving. thank you very much. let's get some of the day's other news now. the owner of the new york sun has emerged as the favourite to acquire the uk's daily and sunday telegraph, ahead of friday's deadline for bids.

british—born dovid efune is thought able to offer a competitive bid of around £550 million, while avoiding the political objections that saw a deal involving the united arab emirates blocked by the government. the chairman of open ai says the board has discussed whether to give co—founder sam altman an equity stake in the company— but no decision has been made. reports suggest the firm — one of the leaders in al, is planning to ditch its �*not for profit�* status, a move that could see it valued at $150 billion. that could catapult altman into the ranks of the world's richest people. coming up, attack of the ai clones. is that person on your video call really who you think it is? around the world and across the uk. this is bbc news.

to japan now, because in the next few hours we'll know who will be running the fourth largest economy in the world, as the ruling party chooses its next leader. last month, fumio kishida surprised many when he announced he was stepping down. japan's liberal democratic party has suffered a string of scandals. it needs a new, and popular, face, before a general, which must be held by the middle of next year. and as mariko 0i explains, the ldp�*s choice could be a historic one. it isa it is a crowded race of content is roma contenders. they will cast their vote for a new leader. if none of the contenders receive more than half the votes, they will be a run—off between the top two candidates. based on multiple poles, these be at the top contenders. shinjiro koizumi.

if his name sounds familiar, that is because his father he lacks experience, but is very popular. 0n the economy, he has called for labour reform to make it easierfor companies to fire workers. sanae takaichi it is known as a protege of the longest servicing prime minister shinzo abe. if elected, she would become the youngest ever female prime minister. policies are expected to be investor friendly just like her mentor. she is also known as one of the most conservative lawmakers in her party, so her leadership could likely affect japan's relationship with its neighbours china and south korea. shigeru ishiba is a veteran lawmaker and has previously been the party's secretary general and a defence minister. this is also the fifth time he is making a bid for the topjob.

he has proposed a reviving japan's rural areas to boost the economy and floated the idea of raising the country's corporate tax but he has also been criticised for not having a clear economic plan. the ldp has ruled japan for 65 of the last 69 years but recent scandals have shaken up the political factions that have controlled this once—dominant party. they are no longer the power plays they used to be, making the result of this party leadership contest more unpredictable than ever before. now to ai and a warning that the person on the other end of that video call, might not be who you think. businesses are being warned about the increasing use of generative al to carry out so called ceo fraud, impersonating company officials to steal money. one case in hong kong saw a finance worker tricked into handing over 25 million dollars by an ai clone of a senior executive. 0ur cyber correspondent joe tidy, along with his, have been investigating

this is an ai clone, notjust of my face and voice but my thoughts as well. paint on my public profile. hello, joe. what doesjoe tidy like to do for fun? i enjoy participating in triathlons, marathons and swimming and also like golf and am a movie geek. aside from delays, it works pretty well 1—to—1. what if i sent it to work meeting? these ai clones are more about attending meetings than doing the whole job. keep things interesting, though. there is growing excitement for al clones across the industry. ceo says in the future we will be able to offload more mundane meetings to the bots. it sounds bonkers but things are moving fast and of course criminals are experimenting too. police in hong kong investigating after cyber fraudsters used some sort of ai face and voice cloning to trick

an employee during a live video meeting. $25 million was transferred in the fake deals in february, thought to be the first case of criminals using cloning tools to carry out a ceo fraud. but ai voice cloning has become more common. upon seeing the ndi i can furnish additional detail to ensure the successful completion of this operation. they were quite lifelike and later in the process i actually forwarded these to someone who has known him foryears, he said, ok, that could be martin. he was targeted by criminals who sent him voice notes that sounded like his new boss and almost forced him to transfer £800,000 to them. 0nly need a few seconds of speech to pick up the mannerisms and the language and way it is used and quite believable. hi, team. what about sending a full ai clone to a meeting on your behalf for non—criminal purposes? this is a weekly tech news planning meeting.

how are you? good, thank you. it is al, isn't it? it is al. i said it was to start with. the blinking was weird. this clone was pooling the one but its creator says there is potential. if i have an assistant, an ai, you would have different expectations. they swap technology. it costs a lot of money to do, but again, everything gets cheaper and it happens so fast. all the perils and positives of ai clones are coming at us fast. clearly, we will have to start working harder to make sure we know who is on the other side of that screen. how can i assist you? finally, it's friday morning here in europe. and perhaps there's a nightclub in your plans for the end of the week. if so, you're part of a declining market at least

here in the uk. britain's night—time industries trade body says that nightclubs are closing down at a rate of three a week. in fact since the summer of 2020, 480 nightclubs have gone out of business. michael kill is from the international nightlife association, and runs the night entertainment trade body here in the uk. so what is going wrong? at the moment, the businesses we are talking about have gone through a challenging operating period. but we have seen about 30 to 40% increase in operating costs of the back of the pandemic. moving into the cost of operating and many have not been able to weather the storm. we have seen a huge downturn. also seen market chips with many of the consumers having less disposable income and about been a challenge in terms of the frequency of visits and

things like this spend reducing as well. it culminates in almost a perfect storm. which has lost a huge amount of business. 65 businesses in the first half of this year. at 37% drop in the business category. do you think healthy lifestyles or different tastes have anything to do with it? social media culture is often about going to the gym, going on a hike and posting us selfie of yourself. it hike and posting us selfie of ourself. , , ~ yourself. it is interesting. we did consumer _ yourself. it is interesting. we did consumer research i yourself. it is interesting. we j did consumer research survey some time ago and what we saw was the biggest challenge for people. about 60% of people going out, they have not got enough disposable income to be able to stretch and go as frequently as they were. there happened market chips but the desire to go out is still there. we've seen about three to 5% of the market going on to non—alcoholic drinks. the

desire to go and socialise and be part of groups and enjoy culture is still very much alive. i think the bigger challenge is the economic situation. even things like the student markets are being challenged at the moment which we have never seen before at a period with economics have been so challenging. irate period with economics have been so challenging.— so challenging. we will have to leave it there. _ so challenging. we will have to leave it there. thank _ so challenging. we will have to leave it there. thank you i so challenging. we will have to leave it there. thank you for i leave it there. thank you for joining us today. that is it from me for now. i will be back with your top stories. stay with your top stories. stay with us on bbc news. hello there. the month of september can often be quite a turbulent one. the transition from summer into autumn and the final full week of september has been just that. look at thursday's rain. a lot of heavy rain drifting

out of northern england and northern ireland. this darker blue here, a line of torrential thundery showers with some hail in there as well. already still with days to spare, woburn in bedfordshire has had its wettest september on record, but it's also had its wettest month ever on record, and we've got an amber weather warning which will remain in force for the next few hours. and so we are just going to continue to add to those rainfall totals. so a line of heavy rain will move its way south out of the midlands, down into southern england and south—east england. behind it, the wind direction swinging around to a northerly. a few scattered showers with elevation could turn a little wintry as well, as it turns colder from the north, so this weather front slowly eases away during the day this friday and then behind it, that colder air starts to tuck in. a real noticeable difference to the feel of our weather story. so yes, it will be a wet start across east anglia, south—east england. for a time that rain clearing perhaps away from the kent

coast by lunchtime and then quite an improvement, actually. some sunshine coming through. a few scattered showers, but a brisk northerly wind making it feel quite cool out there. eight to 1a degrees below par for this stage of the month. now, as we move out of friday into the weekend, we start with this ridge of high pressure. a quiet start to the weekend, but there's more wet weather to come as we move into sunday. but with that high pressure, well, that means we could have quite a chilly start first thing on saturday morning. temperatures and sheltered glens of scotland and northeast england down below freezing, so a frost is not out of the question here. we will continue to see the wind direction swinging around to more of a north westerly that will drive in showers on saturday across exposed west coast, and one or two running down through the cheshire gap as well. top temperatures on sunday at around 15 degrees, the best of the sunshine in sheltered southern and eastern areas. then, as we move out of saturday into sunday, here's that rain. and it means an unsettled start into next week slowly improving.

good morning, welcome to breakfast with nina warhurst and charlie stayt. 0ur headlines today. hurricane helene makes landfall in florida with officials warning

of potentially catastrophic and unsurvivable storm surges. stop the violence, step back from the brink. sir keir starmer uses his first speech at the un general assembly to call for an immediate ceasefire in lebanon. there were more than 200 flood alerts and warnings in place this morning in england and wales. the rain is still lashing down this morning with some real concern about rising river levels. nicola bulley�*s partner speaks in detail for the first time about her disappearance and the impact of social media speculation on him and his family. when you experience something like this you realise what a huge monster it can be, i guess. petrol and diesel prices are at their lowest for three years. i'll be looking at what's driving costs down and whether there'll be