striking boeing workers reject the pay offer from the aerospace giant dealing a fresh blow to its new ceo's plans to turn around the business. tesla in the fast lane — sales and profits are up after cutting vehicle prices. tesla shares soar on the news. the imf tells the bbc tariffs could spark a trade war with huge global consequences. you could end up with a loss to gdp of close to 7% of these are very large numbers, 7% is basically losing the french and german economies, that's the size of the loss. mcdonalds loses billions of dollars in share value after its burgers are blamed for an e—coli disease outbreak. and how to make rice production more sustainable — as the industry sends millions of tonnes of methane into the atmosphere. we talk to the boss of tilda.

live from london, this is business today. i'm sally bundock. we start in the us where striking workers at boeing have rejected the latest pay offer and opted to continue their strike action that has lasted nearly six weeks. the news comes as a fresh blow to the chief executive of the aerospace giant, kelly ortberg, in his attempts to turn around the embattled company. boeing offered the striking machinists a 35% pay rise over four years in a new contract proposal they hoped would end the strike. about 33,000 unionised workers, mostly in seattle, took part in the vote. they have been on strike since 14th september, halting production of the firm's 737 max and its 767 and 777 planes. it's estimated the strike has cost boeing $5 billion so far as production is halted.

let's go live to our north america business correspondent ritika gupta. hello to you. so, a huge blow to management at boeing. what will it take for this strike to end? , ., , ., ., end? yes, a huge blow at boeing. _ end? yes, a huge blow at boeing, machinists - end? yes, a huge blow at i boeing, machinists rejecting the latest contract offer, thereby extending those strikes. 64% voted in favour of rejecting the deal, so it wasn't even close. there are no current talks set to take place but the union boss wants to change that and wants to get going back to the negotiating table promptly. he said they will be reaching out to the white house for some assistance in facilitating those talks. he emphasised that the lack of a pension was still at the heart of this dispute. 0n offer was the 35% increase in wages over four years but the unions wanted a 40% increase in wages

and also a restoration of that traditional pension plan that was frozen a decade ago. so what happens now that this offer has been rejected? offer has been re'ected? well, it's likely that _ offer has been rejected? well, it's likely that both _ offer has been rejected? well, it's likely that both sides - it's likely that both sides will need to get back to the negotiating table as those strikes continue, but it is a huge blow to the new ceo kelly 0rtberg because those restructuring plans are likely to have to store and the production of the keyjets that's been halted, those delays will continue, we already know it's a huge financial strain for boeing, they have reported a $6 billion quarterly loss. but even outside boeing, there are repercussions. if you look at some of their suppliers, they could have to reduce production, there could be some more lay—offs there, this company is important to the us economy so they could be wider economic implications. qm. economic implications. 0k, thank you _ economic implications. 0k, thank you so _ economic implications. 0k, thank you so much - economic implications. 0k, thank you so much for- economic implications. 0k, thank you so much for bringing us right up to date. this is

news we got a few hours ago, so let's explore this in more detail. let's explore this more now with barry valentine — senior advisor emeritus at the wicks group. were you surprised to see this outcome that devoted to reject? this is not my area of expertise but thank you for inviting me on this morning. i would have to defer to the union members, as to what it would take to satisfy them with the boeing company. but obviously, this is one of several things that is happening to boeing right now that seems to have converged on the same time in addition to their labour strike, they obviously just have their labour strike, they obviouslyjust have a poor financial quarter, i understand they lost $6 billion. they are under increased pressure from the faa regarding oversight of their suppliers, although as you have mentioned, this could

have an effect on the suppliers as well. in terms of the... suppliers are saying they are already impacted by this in terms of the fact that production has been halted to a degree they have already been impacted. but what do you think the kelly 0rtberg, who as we have expand is fairly new in that top job at boeing? what will his next move? it’s will his next move? it's interesting, _ will his next move? it's interesting, he - will his next move? it's interesting, he has - will his next move? it�*s interesting, he has recently said that boeing needs to take a look at what they want to be five years down the road, how confident they want to be. he has said they need to change the culture, they need essentially to go back to the culture they once had a couple of decades ago, that probably needs to be a leader company, so at least it seems to be a recognition of the need to make a number of changes and a number of arrangements at

boeing and hopefully he is the right person to make this happen. right person to make this ha en. �* , ., right person to make this hauen.�* , . ., happen. are you optimistic that this could be _ happen. are you optimistic that this could be resolved - happen. are you optimistic that this could be resolved soon? i i this could be resolved soon? i don't know if i would call soon but it will be resolved eventually. i do expect boeing to be a company that will keep on making aeroplanes, i think i did my thing have something like a $500 billion backlog of aeroplane orders so there is certainly a need for their product. they are going through a rough patch right now but i think they will eventually come out the other side of it and down the road, aeroplanes will be coming off the assembly line. �* . , . line. barry valentine, we appreciate _ line. barry valentine, we appreciate your - line. barry valentine, we | appreciate your thoughts, line. barry valentine, we - appreciate your thoughts, thank you forjoining us. you appreciate your thoughts, thank you forjoining us.— you for “oining us. you are ve you forjoining us. you are very welcome, _ you forjoining us. you are very welcome, thank- you forjoining us. you are very welcome, thank you. | from planes to electric vehicles and tesla has more than pleased investors with its latest sales and profits news. the car giant, run by boss elon musk, beat market expectations and shares in the company jumped 7% in after hours trade. those profits are up sharply

despite, or maybe because, it's dropped its vehicle prices in recent months. here's our north america technology correspondent lily jamali at tesla's base in silicon valley. there were indications that the company was poised to post its first—ever annual decline in vehicle deliveries in 202a. that appears to no longer be the case, the company saying it is forecasting slight growth for this year and blockbuster growth on the order of 20% to 30% for next year. when you hear about elon musk, tesla ceo, talk about the company these days, he's trying to position it as not just an electric vehicle maker, but a company that is more focused on a broad array of technologies, including artificial intelligence and self—driving technology. we saw the glitzy roll—out of the cyber cab at a hollywood lot in los angeles. but the safety of the company's technology has been a persistent issue for tesla. just last week, a us safety regulator announced

that it is opening a probe into the company's driver assistance technology. there's concern that its self—driving ambitions are untested. and then there's the issue of elon musk�*s politics in this us presidential election. he has thrown his support behind former president donald trump. some say that's a bit of a turn—off for would—be tesla customers. let's cross live now to rick munarriz, senior analyst at the motley fool. hello to you. let's just talk about the results are what a strong set of numbers this time. . ~ ~ ' time. indeed, and we knew, 696 year-on-year— time. indeed, and we knew, 696 year-on-year increase, - time. indeed, and we knew, 696 year-on-year increase, we - time. indeed, and we knew, 696| year-on-year increase, we knew year—on—year increase, we knew it well before the report. what is impressive as we knew these cars would be cheaper than they were a year ago but the company still grew by 8%, energy prices did well, it sells regulatory

credits to other auto—makers in that business is doing well, but is surprising to see revenue as strong as it was and earning is actually more than double, up 70% year—on—year. this is the first time in more than a year that revenue and profitability, the first time that profitability is wider thanit that profitability is wider than it was in revenue, so margins are increasing, something that nobody expected. exactly. you wouldn't expect the profit margins to increase when he had to slash prices several times, and he kept saying, i remember, in this yearwith saying, i remember, in this year with high interest rates, it's a struggle to sell tesla because they are seen as more expensive cars. the trucks, the electric vehicle trucks are proving popular? i electric vehicle trucks are proving popular?- electric vehicle trucks are proving popular? i am seeing more and _ proving popular? i am seeing more and more _ proving popular? i am seeing more and more on _ proving popular? i am seeing more and more on the - proving popular? i am seeing more and more on the road l proving popular? i am seeing - more and more on the road every day. i think there is about 17,000 other roads, but you know when a cyber truck is coming because it looks like a

toaster out of a cartoon! but it is something that it is impressive that it could get profitable within a year. it's an interesting car. it will be mainstream, too expensive and too strange for most drivers but it's a neat addition in their line. in but it's a neat addition in their line.— but it's a neat addition in their line. , ., , their line. in tesla shares did really well — their line. in tesla shares did really well come _ their line. in tesla shares did really well come up - their line. in tesla shares did really well come up some - their line. in tesla shares did really well come up some 796j their line. in tesla shares did i really well come up some 796 in really well come up some 7% in after—hours trading, investors really happy with the numbers. are the investors fazed about elon musk�*s politics? this million—dollar giveaway that is underway, it's been looked into in terms of legality, is very strong endorsement of donald trump. strong endorsement of donald trum -. . . strong endorsement of donald trum . _ ., ., ., strong endorsement of donald trum. ., ., ., ., trump. have i a love hate relationship _ trump. have i a love hate relationship with - trump. have i a love hate relationship with elon - trump. have i a love hate i relationship with elon musk. as a tesla owner, i love what he's done with technology, with cars, not happy, when a ceo becomes political, it alienates about half the audience in the us and possibly ramifications in europe and asia where tesla is not as popular, but clearly big parts of this market. i

would appreciate if the ceo would appreciate if the ceo would spend more time working on the company but elon musk has that personality, it is what drives him, you have to take the good and the bad with him. it's unfortunate this happens but some people love it, some people hate it. i would prefer he didn't do it, upset some people at the expense of pleasing others. rick, thank you very much. the world could lose growth equivalent to the size of the french and german economies combined, warns the international monetary fund, due to broad scale use of tariffs. the organisation that monitors financial and economic global activity is sounding a warning about heightened trade wars and tariffs in the wake of donald trump's plan to levy 20% tax on all imports if he wins the presidential election. the first deputy managing director of the imf, gita gopinathm spoke to our economics editor, faisal islam. in the uk, if you compare the uk to other g7 countries,

investment has fallen short, and so that spending will have to take place alongside having the kind of fiscal rule that stabilises debt over the next five years. i just want to emphasise again the point that public investment is needed. the other rule, and you see this around the world, from your vantage point, you're comparing best practice around the world, is the idea that you only spend the money that's raised in taxes, a kind of golden rule, current spending. it seems quite strict. very often it's just about broadening the tax base, getting rid of a whole bunch of exemptions because of which governments don't collect enough revenues. and this is a recommendation that we've also made in the past for the uk, which is that there are exemptions that if those were removed, for example, in the value added tax, that that could bring about more revenues without you needing to actually raise the tax rate. let's move on to the us. in many ways, its performance over the past three or four years has been quite remarkable versus the other g7 countries.

if you look at the group of g20 countries, the us is the only country where their level of gdp is higher now than what we had predicted before the pandemic. you know, we said, well, in 2020, before the pandemic, we had an estimate of what, a projection of what the level of gdp would be in the us in 2026. it's higher than that. but one of the flip sides of that is high levels of debt and ongoing deficits into the future, even before the presidential election. does the imf have any concerns about the us and its sort of fiscal position? one of our main messages at these meetings is that the world is sitting on very high levels of debt, and also we're projecting the debt will continue to grow. i mean, right now the world is sitting at about $100 trillion of debt. it's a point we have made that given how strong

the us economy is, it doesn't really need this level of fiscal size, of fiscal deficits and fiscal stimulus that's been provided. 0ur recommendation always, and this is true for all countries around the world, is that this is the moment to rebuild your fiscal buffers. we don't want to be drawn too much into the us presidential election, if at all, but in general terms, when you have a potential policy notjust of targeted trade barriers, but general 10%, 20% tariffs on everything from every country, what's that going to do to the economy from the economist�*s perspective? well, we've looked, for instance, at if you have small levels of fragmentation, then the effect on world gdp is small. it's about 0.2%. but if you have some very serious decoupling and broad scale use of tariffs, you could end up with a loss to world gdp of close to 7%. so these are very large numbers. i mean 7% is basically, you know, losing the, you know, the french and german economies. that's the size of the loss

that that would be. and that would be a big trade war between the us and europe and china and japan, alljoining in. that sort of scenario. would be a very severe fragmentation scenario. we're not there yet. and are you optimistic for the world economy right now? i think we have to look at the bright side, which is it's a world that has been resilient after some very tough knocks, inflation has come down, growth is at 3.2%. we would love it to be higher, but it's not bad, given all the shocks the world has faced. but we have to prepare for what may come in the future too. around the world and across the uk. this is bbc news. argentina will receive $8.8 billion in financing. the funding is to come from the world bank and the inter—american development bank to help the social spending including education and transportation and electricity costs. some of the fun is to help boost private sector. —— the funding.

the british government is considering giving workers twice as long to strike. under existing legislation, if workers vote to take industrial action, the mandate expires after six months and unions are required to hold another ballot to extend it. but a consultation document produced by the government said the mandate could be extended to a year. joshua mahony is chief market analyst at scope markets. good morning to you. in the uk, we have been very familiar with strike action, whether on trains, in hospitals or schools, boeing is grappling with this right now, what do you make of this idea? this is re you make of this idea? this is pretty timely _ you make of this idea? this is pretty timely considering i you make of this idea? this is pretty timely considering the | pretty timely considering the fact we've seen the boeing workers reject 35% pay rise overfour workers reject 35% pay rise over four years. workers reject 35% pay rise overfouryears. it workers reject 35% pay rise overfour years. it comes workers reject 35% pay rise over four years. it comes as part of this employment rights bill put forth by the labour party, and it's being touted as

the biggest upgrade in workers' rights in a generation. of course, heavily backed by the unions, so at some point we were going to see some particular moves go in their favour and this is exactly that. we are talking about industrial action has to be taken within 12 months rather than six, about 50% turnout require, for —— 40% approval needed for critical roles, also the 10% threshold needed for unions now moved to 2% so all in favour of more union action, it really depends on what side you are on. for the workers it means a greater chance they can get better wages and better conditions, but for businesses, this adds on the possibility of greater action, that raises the prospect of higher wages, higher costs and potentially higher costs and potentially higher inflation.— higher inflation. ministers arc ue, higher inflation. ministers argue, those _ higher inflation. ministers argue, those who - higher inflation. ministers argue, those who are i higher inflation. ministers argue, those who are forl higher inflation. ministers i argue, those who are for this idea, it would lead to more cooperation with unions, therefore there would be less industrial action. therefore there would be less industrialaction. it's therefore there would be less industrial action. it's hard to

predict, isn't it?— predict, isn't it? yes, you could essentially - predict, isn't it? yes, you could essentially say i predict, isn't it? yes, you could essentially say that| predict, isn't it? yes, you i could essentially say that it strengthens the hand of the worker and therefore the business would blow over a bit more easily and say, ok, we know you can call this action more easily, we know you can get support for this more easily and you have a wider time frame for it, therefore we will give you what you want. it is difficult to know if that is exactly how it would work over time but certainly this is something that hopefully wouldn't necessarily see as many strikes because people are getting paid what they deem what they are worth but also a mind with inflation. we have seen this massive cost—of—living crisis, that has calmed down with inflation easing and wage growth has aged with it so the actions of the last few years will not necessarily be the norm. trash—mac wage growth has eased. mcdonald's, the fast—food chain, has seen billions of dollars wiped off its value as health authorities in the united states have linked an e—coli outbreak to its hamburgers. at least 49 illnesses were

reported across ten states — that includes one death and ten other hospitalisations. all of them — according to the us centers for disease control — reported eating at mcdonald's before their illness began. mcdonald's was expected to be one of the good stories this earnings season for restaurants, which are facing declining traffic. but now it's battling a food safety investigation. so what do we know? well, mcdonald's has pulled quarter pounders from the menu in select states. the fast food chain is even skipping the slivered onions. it's all part of an investigation into a serious e coli outbreak linked to the chain. us presidentjoe erlinger emphasised that mcdonald's is safe to eat and it's doing everything possible to protect the public. i hope these steps demonstrate mcdonald's commitment to food safety. i also want to thank the teams working tirelessly to support this investigation. we will continue to update you on the actions we're taking.

mcdonald's is still trying to find out exactly what ingredient caused the illnesses. unfortunately, there's been one death and at least 49 people have become sick in ten states, including colorado and nebraska. this comes at a tough time for mcdonald's, as they're dealing with their first drop in same store sales since 2020 as americans spend less on eating out. we're going to take a look at food security now. rice is one of the most widely consumed staple foods in the world — but how can farmers make it more sustainable? traditional rice farming uses between three to five tonnes of water per kilogram of rice. most of our rice is grown in paddy fields flooded with water to drown competing weeds. but this water stops oxygen from reaching the soil, which leads to methane emissions which contribute to climate change. food production accounts for nearly a third of global greenhouse gas emissions.

with me is jean—philippe laborde, managing director of tilda — a british rice manufacturer. welcome to the programme. it's a really tough one. just talk you through what you're doing at tilda to counter this challenge.— at tilda to counter this challenue. . ,, , , challenge. which is published our third impact _ challenge. which is published our third impact report i challenge. which is published our third impact report on i our third impact report on 23-24, our third impact report on 23—24, which outlines how we can actually reduce the environmental impact on the rice cultivation by applying what we call the alternate wet dry system, which allows the field to dry out and then to reduce the methane emission. so to what extent does it cut emissions? 50 to what extent does it cut emissions?— to what extent does it cut emissions? so we are 'ust implanting i emissions? so we are 'ust implanting a fi emissions? so we are 'ust implanting a water i emissions? so we are just i implanting a water measuring pipes, we put that in the field and to ground level and farmers

can come and check the water level. if you still have water in it, you don't need to flood again, and by drying out, between the flooded periods, you can reduce the methane emissions by 45% based on the data we have got. emissions by 4596 based on the data we have got.— data we have got. that is a significant _ data we have got. that is a significant reduction, i data we have got. that is a | significant reduction, nearly half. it significant reduction, nearly half. , , half. it is, quite significant. i think half. it is, quite significant. i think we _ half. it is, quite significant. i think we can _ half. it is, quite significant. i think we can do _ half. it is, quite significant. i think we can do more i half. it is, quite significant. i think we can do more but| half. it is, quite significant. i i think we can do more but we need to consult the scientific studies about how to do that. what about your competitors, your pairs? production is huge globally, it is a staple food for so many. are others doing the same? i for so many. are others doing the same?— for so many. are others doing the same? ,, ,., ., the same? i think some of them are t ini the same? i think some of them are trying also — the same? i think some of them are trying also to _ the same? i think some of them are trying also to do _ the same? i think some of them are trying also to do this - are trying also to do this initiative, i think we pioneered this 13 years ago, and we have scaled up the programme stop currently we have 470 farmers with us where we apply this particular technique. —— 1270 farmers. ii

technique. —— 1270 farmers. if you wanted to try and look at another method, for example varieties of rice crop that can thrive in dry fields, top is through how that would work. it is possible, it is what we call the direct seeded technology, how you can directly start by planting the seeds in a more moist condition but drier compared to the flooded field commanders will also help improve the situation. because the issue isn't _ improve the situation. because the issue isn't just _ improve the situation. because the issue isn't just the - improve the situation. because the issue isn't just the effect i the issue isn'tjust the effect on the climate, but also water. water security is going to be a huge issue going forward and this is critical to your industry. this is critical to your industry-— this is critical to your industry. this is critical to your indust . , , industry. that's right, because rice is a very — industry. that's right, because rice is a very thirsty _ industry. that's right, because rice is a very thirsty plant, i rice is a very thirsty plant, it is using something between 3000 to 5000 litres. so by using that particular technique, you can reduce also the water consumption for farmers by 27%. the water consumption for farmers by 2796.— the water consumption for farmers by 2796. briefly, how have you _ farmers by 2796. briefly, how have you been _ farmers by 2796. briefly, how have you been impacted i farmers by 2796. briefly, how have you been impacted by l farmers by 2796. briefly, how l have you been impacted by the rise in inflation in the last year, how did about you at

tilda? i assume you had to pass that on in terms prices. irate tilda? i assume you had to pass that on in terms prices.- that on in terms prices. we had to do that _ that on in terms prices. we had to do that but _ that on in terms prices. we had to do that but to _ that on in terms prices. we had to do that but to contain - that on in terms prices. we had to do that but to contain as i to do that but to contain as much as we can because we are well known for is matty rice, and we age eight and that means we need actually to keep it longer because it gets better with age. but the reality is, we need to keep large stocks of that one because we buy for crop so we could retain that particular price for quite a while, but then we have to reflect this inflation. shire while, but then we have to reflect this inflation. are you worried about _ reflect this inflation. are you worried about what - reflect this inflation. are you worried about what might i reflect this inflation. are you worried about what might bej reflect this inflation. are you i worried about what might be in the budget next week? let worried about what might be in the budget next week?- the budget next week? let us see how we — the budget next week? let us see how we can _ the budget next week? let us see how we can actually i the budget next week? let us i see how we can actually support all the sustainability initiatives.— all the sustainability initiatives. �* ~ initiatives. all right. well, thank you _ initiatives. all right. well, thank you very _ initiatives. all right. well, thank you very much i initiatives. all right. well, thank you very much for i initiatives. all right. well, i thank you very much forjoining us. the managing director of take1 bringing to a close tap—tackle business today. have a lovely day, see you soon. —— bringing to a close business

today. hello there. apart from a few showers across central and southern parts of england, most places were dry today and there was some decent spells of sunshine, a bit of rain, fairly strong winds for the north—west of scotland too. now tonight, it looks like many places will turn dry. there'll be clear spells and i don't think we should have many issues with dense fog, because there'll be a little bit more of a breeze, and it'll certainly be quite breezy across scotland and northern ireland through the night. so quite blustery here with further cloud, the odd shower as well, particularly north—west scotland. but england and wales, winds will be a little bit lighter and we'll see lengthy clear skies. temperatures here single digits once again, but not as chilly as recent nights, and milder further north and west. you'll see double figures to start thursday. so another fine day thanks to high pressure on thursday, with plenty of sunshine, particularly towards central and eastern areas, always more cloud. scotland, northern ireland, wales, south—west england see a little bit of rain just getting into the far north—west later on. but again, pretty decent temperatures, quite mild at the mid—to—high teens in the warmest spots. we start to see some changes

now for the end of the week. for friday, this area of low pressure begins to develop just to the west of the uk, and that will start to bring outbreaks of rain. but a dry start with light winds across eastern areas means friday, we could see some fog patches early on across northern and eastern england, but we'll have to see bands of light and showery rain pushing northwards across the country. that will be followed by some brighter skies towards the south and south—west. here, it will be windy in the far south—west. further north, winds will be lighter. we could be up to 16 or 17 degrees where we have the sunshine, but i think temperatures a degree or so down on what we've had the last few days. now, pressure chart for saturday — we've a new area of low pressure pushing into the north of the uk. that will bring wind and outbreaks of rain for scotland and northern ireland. the majority of england and wales should be dry with some sunshine, just a few showers towards the south—east. that's the remnants of friday's low pressure system. temperatures closer to the mid—teens at this point. sunday probably looks drier for most. there'll still be some showery rain across scotland and northern ireland, we'll have more of a breeze,

but eastern scotland, england and wales mostly dry, again with some sunshine around, lighterwinds and temperatures around 14 or 15 degrees in the south, low teens in the north. so it's not looking that bad for the weekend. into next week, we start to see high pressure building back in, so a lot of dry and settled weather around, with some sunshine, and we'll see a return to overnight fog.

good morning.

welcome to breakfast with naga munchetty and charlie stayt. 0ur headlines today. a woman is questioned on suspicion of manslaughter following the deaths of three people at a care home in dorset. single—use vapes are to be banned in england from nextjune — the government says it will protect children's health. i said, "my husband's got dementia and i don't know what to do". families of footballers who died from a form of dementia call for anyone who's played contact sport to undergo brain brain tests when they die as they try to prevent others from dying from the disease. why is it now so hard for school children to get work experience? fewer than half manage to get any time in a real workplace before their gcses — and it's even worse in some parts of northern england. in sport...

known to millions as a strong man.