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tv   [untitled]    October 14, 2024 2:30am-3:00am BST

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marcus in china are online now... china's finance minister held a highly anticipated briefing on saturday, which in many ways fell short of expectations. while no concrete steps were unveiled, lan fo�*an said beijing will start taking on more debt to stimulate growth. he also announced some additional measures to stabilize the property and jobs market. economists have been insisting that china needs additional fiscal support, especially if the world's number two economy is to meet its 5% growth target for the year. for more on whether that's possible, let's get some answers from economist harry murphy, joining us this morning from canberra. i think what we got over the weekend ticked most of the right boxes or said the right things but as you mentioned it was lacking in a couple of key areas. the first thing, the detail. we simply do not know how big these new supports will be, when lb implemented, how they be implemented and, for a
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lot of investors, that really did leave them wanting more. the other key thing lacking was support for households. a key part of the household that has been struggling. it is crying out for more support. we had expected a bit more of support to be announced over the weekend. the fact that it did not was disappointing from our end. in terms of whether china can hit that around 5% target for the year, the supports that have been announced already, that includes supports from the people's bank of china and the back end of september, probably at around 0.1 percentage points to growth this year. so, for that to us that puts it in the ballpark of hitting that target. we also expect next year to look be better. clearly, officials are looking to support the economy more going forward. it is coming in drips and drives but it should make 2025 look better as well. it seems the government is signalling intention but not going to march into the detail, which is frustrating for you i
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would imagine.— would imagine. there are probably _ would imagine. there are probably to _ would imagine. there are probably to make - would imagine. there are probably to make key - would imagine. there are - probably to make key aspects for that. the first as they do not want to be reactive to what markets are saying and what to take it in a methodical approach or also, what is going to happen in november with the us election certainly something that officials are watching in china, if we do see the former president trump returned to the white house he has flagged some pretty significant tariffs on chinese exports. what us imports from china. if we do see that we will see officials mmp see that we will see officials ramp up stimulus more, so they are holding off of that not wanting to use it too early. september's trade numbers will be out later today. how are china's imports and exports doing? will the new measures help improve trade? that held up really well, despite... that is expected to continue really buoyed by sectors of the economy that china has been supporting stop work things like electric vehicles, solar panels as well.
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that should see some pretty solid export numbers continue through september. the input side has been very weak. as i mentioned quebec households have been really nervous. they are not spending, that means not only buying things from the domestic economy but not really buying from overseas as well. that is according to the ev maker's executive vice president stella lee. she also criticise the... said to begin in november. calling it a loss for consumers. uid also plans to start producing cars and hungry by the end of 2205. he also reports that chinese owned car maker gac is considering manufacturing it's evs in europe to avoid tariff. it's been a big day for elon musk, as the fifth test flight and landing of spacex's starship rocket was a resounding success. this is the first time musk�*s
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company has caught the over—20—storey—tall booster, as it returned to the launchpad in texas. it marks a huge milestone in the history of space exploration, with the fully reusable starship system aiming to become a new method of flying cargo and people beyond earth. nasa also plans to use the rocket to return astronauts to the moon. elsewhere, a month—long strike at aircraft maker, boeing, has led to 17,000 job cuts at the company. that translates to roughly about 10% of its workforce. in an email to staff, chief executive kelly 0rtberg said the redundancies will be made across all levels of staff, including managers and executives. boeing also pushed back the delivery date of its 777x aircraft, amid the work stoppages. workers at boeing's main factory in seattle have been asking for a 40% pay rise over four years, and have not been able to reach a deal with the company. turning to us, as
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hurricane milton leaves a trail of destruction across the country, the economic fallout is just beginning to take shape. from damaged infrastructure to business disruptions, this storm is expected to incur losses amounting to billions of dollars, affecting everything from supply chains to consumer spending. president biden was in florida over the weekend, where he pledged $612 million in support for the affected communities. we're joined byjon schneyer live from corelogic, the company informs clients of weather risks by monitoring potential events. it is not too early to start getting a sense of what kind of damage will be caused in florida, across the peninsula. what we are filling now is that the worst—case scenario of where milton could have made landfall was avoided and the total economic damage inaudible is not going to be as bad as
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some of the pre— landfall estimates were, just given how the track evolved as it made landfall. how do you calculate the impact — landfall. how do you calculate the impact of _ landfall. how do you calculate the impact of a _ landfall. how do you calculate the impact of a hurricane - landfall. how do you calculate| the impact of a hurricane such as milton? it is notjust the immediate damage to homes and infrastructure, it is also the ability of businesses to carry on functioning?— ability of businesses to carry on functioning? absolutely. we have a way _ on functioning? absolutely. we have a way to _ on functioning? absolutely. we have a way to calculate - on functioning? absolutely. we have a way to calculate losses, | have a way to calculate losses, business interruption accounts not just for business interruption accounts notjust for commercial properties are not being able to open for business. but the additional expenses that come from individual homeowners who might need to find other sources of lodging if they cannot access their home. all of these costs we can sort of approximate. we look at the number of homes? number of businesses in the area that would be impacted by hurricane—force winds, devastating storm surge, flooding, and come up with what we call a total economic damage to that insurable property. the
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first line of support when it comes to recovering from natural disasters as insurance and if you are insured that financial support will be an enormous benefit to recovery, to help and rebuild. for those who are unable to get, to pay for insurance are under insures will rely on financial assistance which will help people recover where the financial hurricane help from the insurance company would be enough. people might be needing to rebuild the home from baselevel up.— to rebuild the home from baselevel up. we look to the future, these _ baselevel up. we look to the future, these extreme - baselevel up. we look to the l future, these extreme weather events seem to be happening more and more and the severity more and more and the severity more impactful as well. the cost of recovering from them is only going to go up. does that
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make harderfor only going to go up. does that make harder for insurance companies to be able to sustain?— companies to be able to sustain? ~ , , , sustain? absolutely. it will be a financial— sustain? absolutely. it will be a financial toll. _ sustain? absolutely. it will be a financial toll. but _ sustain? absolutely. it will be a financial toll. but will- sustain? absolutely. it will be a financial toll. but will be - a financial toll. but will be feeling more and more confident about hurricane activities. this kind of event. there will be a higher proportion of hurricane is in the number... if we increase the number of category three, four cupper and fifa are more devastating when they make landfall stop we know they make landfall stop we know they are wetter in general, more rainfall and greater risk. it will pose a challenge to the insurance industry at large to be able to manage exposure concentrations, price risk appropriately to sustain a healthy and insurance industry and that has tied into the greater real estate mortgage and lending industries as well. earnings season has kicked off in the us, with a couple of the big banks announcing their third quarter results. jp morgan and wells fargo reported last friday,
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with both banks reporting profit and revenue above analyst estimates. this week we're due to hear from a few other big us companies. bank of america and goldman sachs will report their earnings on tuesday. streaming giant netflix is also scheduled to release its results later this week. will bring you those results as they come in. and before we go, a three—armed robot has made its debut as an orchestral conductor in germany. wielding three glowing batons, the robot guided three sections of the dresden sinfoniker in a performance of a work specifically composed to harness its unique attributes. however, the composer, andreas gundlach, said the two years it took to develop and train the machine made him realise just how wonderful a human conductor was. time well spent, i suppose. let's recap our top story. markets in china havejoined the trading day and are
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currently in the greens despite the finance minister's highly anticipated briefing on saturday which in many ways fell short of expectations. lan fo'an said beijing will start taking on more debt to stimulate growth. he also announced additional measures to stabilise the property and jobs market. economist and investors are now turning their attention to the country's third quarter gdp print which is due out on friday. and that's it for this edition of business today. see you again soon. thanks for watching.
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hello, and welcome to sportsday from the bbc sport centre. coming up on the program: a win for england and their interim manager in finland, but despite victory in the uefa nations league, uncertainty remains. australia edge out india to seal their place in the semifinals of the women's t20 cricket world cup. and kenya's ruth chepng'etich breaks the marathon world record, after a day to remember in chicago. welcome along — thank you forjoining us. after a shock defeat to greece last week, england and their interim manager lee carsley delivered the result they needed, with a 3—1win over finland
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in the uefa nations league on sunday. 0ur football reporter alex howell was watching in helsinki. it was a good night for england here in helsinki as they beat finland 3—1 in the nation's league game here this evening. goals came from jack grealish, trent alexander—arnold and declan rice and it really ease the pressure on the team and in particular lee carsley, the interim coach, following that defeat by greece at wembley on thursday. as soon as the game finished talk went back to matters of the peach and whether lee carsley wants the job on a permanent basis. after the match he said england need a world—class coach that has one trophy. because lee has not when a senior trophy although he did leave the england under 21 side to victory last summer. are he said he did not want to rule himself in or out and it definitely should not be
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taken away. he said he is thinking about picking the squad ahead of the game against greece and the republic of ireland next month. i’m ireland next month. i'm constantly _ ireland next month. i'm constantly thinking - ireland next month. i“n constantly thinking about the squad, the team, the form of the players, who is playing with hu, who do i think and play together. a lot of things to take from tonight. it's given me a lot of food for thought in terms of the way we can set up against greece. the plan is simple, we have to go to greece and win and then follow—up with a strong performance and victory against the republic of ireland. definitely onto the next four games. ——two games elsewhere in the uefa nations league, greece backed up their win over england with a 2—0 victory over republic of ireland. erling haaland's norway were thrashed 5—1 in austria, whilst there were wins for malta, slovenia and north macedonia. just two matches of the group stage remain at the women's t20 cricket world cup with three of the four semifinal places still up for grabs.
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australia are the only side to secure their spot after a narrow win over india, whose hopes are still in the balance. that came after england thrashed scotland to edge closer to the last four. henry moeran is in the uae for us. this was a really decisive day at the back end of the group stages here at the women's t20 world cup. two matches played here. england winning the first of them quite comfortably, chasing down a target of 110, with no wickets lost again scotland. it means for england in theirfinal group scotland. it means for england in their final group stayed match if they beat west indies they will qualify as group winners. if they lose, they will almost certainly be locked out with west indies qualifying. the second game of the day between australia and india saw a decisive result for australia because they qualified guarantees as group winners for india, the tournament hopes hang by a thread. they need pakistan to do them a favour tomorrow against new zealand in dubai.
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0f against new zealand in dubai. of new zealand when they will qualify, it will be india one of the three tournament favourites knocked out of the competition, priorto favourites knocked out of the competition, prior to the semifinal. england's men begin their second test against pakistan on tuesday, with captain ben stokes looking likely to make his return to the side. he's been out since the beginning of august with a hamstring injury, but was bowling at full pace in the nets earlier today. bowling consultant james anderson has told the bbc that he's confident stokes is ready to go. looks great. he has worked really hard on his fitness since he got injured and is looking as strong as i have ever seen him. looking as strong as i have everseen him. he looking as strong as i have ever seen him. he has had a good bowl today in the nets. he looks good to go. d0 good bowl today in the nets. he looks good to go.— looks good to go. do you think ou will looks good to go. do you think you will be _ looks good to go. do you think you will be able _ looks good to go. do you think you will be able to _ looks good to go. do you think you will be able to do - looks good to go. do you think you will be able to do his - looks good to go. do you think you will be able to do his full. you will be able to do his full stint as polar or has that got to be managed a bit? i stint as polar or has that got to be managed a bit?- stint as polar or has that got to be managed a bit? i think it will be managed _ to be managed a bit? i think it will be managed but _ to be managed a bit? i think it will be managed but knowing l to be managed a bit? i think it. will be managed but knowing ben i think once he gets into the game and there might not be any
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stopping him, he willjust, he isjust that sort stopping him, he willjust, he is just that sort of player. but, yes, he is good to go and will have to wait and see what he can do during the game. meanwhile, the same pitch that saw england produce that impressive win in the first test is likely to be used again for the second. battling to save the series, pakistan have taken the surprise decision to omit former captain babar azam and pace bowlers naseem shah and shaheen shah afridi from their 16—man squad for the final two tests. next, two tennis. ——to tennis world number one jannik sinner admits he's "lost a bit of his smile" during what's been a challenging year. he twice tested positive for a banned steroid, was cleared of deliberate wrongdoing but that decision is being appealed. 0n the court he's now won seven titles in 2024, after beating novak djokovic at the shanghai
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mastersbidding to become just the third player to win two grand slams and three masters 1,000 events. after the watching roger federer and djokovic, the 23—year—old italian was made to work hard in the opening set which he took on a tie break. the second was a bit more straightforward as the world number one saw out the match 7—6, 6—3. sinner is now guaranteed to end the year as world number one and has won four of his last five against djokovic. playing against novak as one of the toughest challenge we have and obviously very, very happy how i handled the situation. he was serving great the first set. i could not find a way to break him and then i played a very good breaker in the first set which gave me confidence to start off while in the second set and happy about the performance throughout this whole tournament. it is obviously a very special one. ——start off well djokovic went into the final hoping to win his 100th career title. in a week that saw his rival rafael nadal announce his upcoming retirement. djokovic, 37 now, pushed sinner hard at times and says he has no
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plans to stop just yet. it's not live or die type of goal for it's not live or die type of goalfor me. i think i achieved all of my biggest goals in career. right now, it is really about slams and still seeing how far i can kind of push the barfor how far i can kind of push the bar for myself. as long as i performed the way i performed actually this week, and i think i can go toe to toe with the big guys. yes, as long as that is the case i will still feel the need to keep on competing and motivation to be out there. let's see how long that is going to last for. aryna sabalenka is closing the gap on world number one iga swiatek after beating china's zheng qinwen to win her third wuhan open title. the world number two, top of your screen, was made to work hard for the win by home favourite zheng in a rematch of this year's australian open final.
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after splitting the opening two sets, sabalenka prevailed in the decider to take the match 6—3 5—7 6—3 and remains undefeated in wuhan. it's her fourth title of the year. iam i am really happy with the performance this week. i'm really happy to get this trophy for the third time. it means a lot to me and yeah, that is unforgettable week. england's dan bradbury says he'll be "looking at flights to dubai" after securing his spot at the season—ending playoff events in the united arab emirates, courtesy of winning the french open on the dp world tour, bradbury emerged from a clustered field thanks to three straight birdies on the back nine on holes 1a, 15 and 16 to take the title by one shot from a group of four which included compatriot sam bairstow. the win is his second on the tour and sees him climb to 25th in the race to dubai. new zealand have stretched their lead over great britain in the america's cup before racing had to be abandoned due
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to low winds off the coast of barcelona. trailing 2—0 after saturday, sir ben ainslie's ineos britannia team were penalised in the third race for failing to keep clear of the new zealand boat. a near collision there. the defending champions went on to win the race and so are 3—0 up with the final expected to resume on monday. the first to win seven races will take the title. kenya's ruth chepng'etich has broken the world record to win the chicago marathon. the 30—year—old clocked a time of two hours, nine minutes and 57 seconds to surpass ethiopian tigst assefa's previous record by nearly two minutes. she's the first woman to run a marathon in under two hours 10 minutes. and it was a day to remember for kenya, with chepngetich�*s compatriot, john korir winning the men's race with a time of two hours, two minutes, a3. it's the second—fastest time ever run at the chicago
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marathon, and also the fastest marathon finish this year. and finally, before we go, time to show you a moment where a young goalkeeper decided to take matters into his own hands — or should that be his feet. moritz brand is the goalkeeper for eintracht frankfurt's under nines team but he wasn't going to let that stop him from showing off his footwork, and scoring a goal himself. and what goal it was, perhaps a name to remember for the future. here he goes again. no intention of passing the ball. he knew what he wanted to do and in it went in the back of the net. from me and the rest of the team at the bbc sport centre, goodbye. hello there. for the past few days we have had colder air across the uk the risk of some frost. but over this week, things are going to be very different, because that colder air is getting pushed away,
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the wind direction is changing, and in the next few days we'll have a strengthening southerly wind. that'll bring some mild air all the way up from spain, but it will also bring cloud and rain. we've got that around mainly through the midlands and eastern england early on monday morning. that should tend to move away, leaving cloudy skies behind, a little bit of dampness too. the far north of england, much of scotland and northern ireland though, having a good day with some sunshine, and temperatures widely reaching 12 or 13 in the afternoon, so a little bit higher than what it was on sunday. now, if we look out in the atlantic, here it's all dominated by a big area of low pressure, with some cloud and some rain. that eventually is going to head our way, but not just yet, because ahead of that on tuesday we are seeing this southerly wind develop. that in turn will bring a lot of cloud, so there won't be much sunshine. the best of it for a while probably in northern scotland. later in the day there could be rain in these western areas,
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particularly towards the south—west, it's certainly a risk here, but temperatures widely reaching 1a or 15 degrees, perhaps 16 or 17 in the south. those temperatures could get a little bit higher, as we head into wednesday. but at the same time, we've got these weather fronts and this area of rain pushing in from the atlantic, combined with a stronger wind as well, and that wind is pushing the rain northwards across scotland and gradually eastwards across england and wales. it will be a strong wind, i think, on wednesday. of course it is still a southerly wind, that is bringing in the mild air, so even where you have the rain it's mild for the time of year, but ahead of the rain there could be a bit of sunshine for a while across lincolnshire, east anglia, perhaps the southeast of england, so temperatures could reach 20 or 21 celsius, just depends how quickly the rain moves in and how widespread it is. we are expecting that rain to move eastwards overnight, a bit of a clearance by thursday, but we're going to keep an eye on this rain in france. that could head northwards into southern areas during the afternoon, rather than the showers coming in from the atlantic. but ahead of that, many places will be dry, with some sunshine for a while, and those temperatures in the southwesterly
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wind still very mild, 16 to 18 celsius. goodbye.
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welcome to newsday, i'm steve lai reporting live from singapore. the headlines: israel says four soldiers have been killed by a hezbollah drone attack on an army base in the north of the country. the un accuses israel of forcibly entering one of its bases in southern lebanon. a spokesperson for the
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peacekeepers says repeated incidents are making him question israel's motives. the injured ukrainians trying to stop russia's swift advances china says it has launched military drills around taiwan, describing them as a warning to any separatist act. the island �*s ministry condemned what it called the provocative act. cheering and applause. and, jubilation at spacex: a world first, as part of its rocket is captured on landing. welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in the middle east where the israel defence forces says four israeli soldiers have been killed and seven others severely injured in a drone strike by hezbollah. it follows earlier reports that around 60 people were injured in a drone attack by hezbollah.
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the armed group said it launched "a swarm of

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