vote, we discuss how the outcome could impact global currency markets. hello and welcome to business today. i'm steve lai. live in tokyo. let me get you “p live in tokyo. let me get you up to speed with what has been happening within the japan election yesterday. follett has already begun with japan and its ruling party waking up to a very different reality and the fallout is under way. the election chief has accepted responsibility and has resigned. the liberal democratic party falling short in sunday's election meaning they don't have enough seats for a simple majority even with the coalition partner. they needed 233 but with 191 and 2a respectively they only managed 215. after the exit polls revealed a grim picture for the really party prime minister and

president of the party said they must take it seriously. a string of corruption scandals dogged the party and an economy has seen rising prices and stagnant wages squeeze its citizens. another indication of the unhappiness of voters was the unhappiness of voters was the turn out, just 53.84% and thatis the turn out, just 53.84% and that is the lowest, the third lowest since world war ii. the stock market had a bit of a different reaction, the index trading higher. the yen is a three month low. 20 of questions over the part of the world is fourth largest economy. i spoke about the uncertainty had. my bi est about the uncertainty had. m biggest takeaway is about the uncertainty had. mg biggest takeaway is that there were already factors in place forjapan�*s equity market to continue recovering. it is not particularly overvalued. at the same time we have started to

see some positive signals in the consumer sector, so as the bank ofjapan puts it to the consumer sector, so as the bank of japan puts it to the virtuous circle. injapan�*s economy, wages and prices is continuing and we probably have some good earnings to come. it is probablyjustified to see the stock market holed up and there are some pretty solid buyers coming in as we saw in august, even if we see some of the shorter term overseas investors are selling. a lot of the longer term domestic buyers come in. households, institutions, corporate spying back their own shares. bier? back their own shares. very interesting _ back their own shares. very interesting to _ back their own shares. very interesting to see _ back their own shares. very interesting to see how- back their own shares. very interesting to see how the i interesting to see how the stock market has reacted in japan. the economy was one of the major factors impacting voters for this election. lots of complaints about stagnant wages and the growing cost of living really putting pressure on japanese living really putting pressure onjapanese consumers here and as a result that was one of the

main reasons people voted how they did, a lot of pressure on they did, a lot of pressure on the new prime minister at shigeru ishiba. what happens next, how it manages to find a government —— microform government —— microform government remains to be seen. we will watch closely in the hours and days ahead. many ma ny a nalysts many analysts are saying this bounce in the stock market may well be temporary, particularly as this uncertainty continues. aside from the vote injapan, we're counting down to the us presidential election — just eight days away. with the two candidates still battling it out on the campaign trail, in what looks like a tight race, investors are paying close attention to the dollar. so far in october, it has been strengthening, with currency analyst jameel ahmad expecting that trend could continue, if donald trump is re—elected. well, we've already seen signs of that being priced into the market. if you look at the past month, the dollar index is up nearly 4%. that's a significant move. and it's taken the dollar up to at the time of this interview. in terms of the impact on the global economy, we have to take into account

what make america great again version two might mean for global markets. given the last presidency, yes, we had uncertainty. however, to be fair, despite how controversial and some of the unpredictability of that administration, it was fantastic for us financial markets. also fantastic for the us currency. and i would expect those types of trends to continue, or remain in place, if he does win. with that said, we also have to take into account that if kamala harris is victorious — and the opinion polls do appear to be neck and neck, although the betting markets are very clear that one candidate is leading — then i would expect for that dollar weakness to start resuming back into the market and for financial market investors to be focusing on central bank policy, inflation. but the unknown is that the previous president — who appears to be the leading candidate, according to the betting markets — and how much uncertainty that might bring and what that might

mean for markets overall. turning back to our top story. injapan, we have seen the yen depreciate this morning. briefly, what do you think is coming up for the yen? the japanese yen, over the past month, has gone all the way from 143 to 153. that is a massive move in the financial markets. given the uncertainty that's likely to continue injapan, we're likely to see more japanese yen weakness. we are going to look at the bank ofjapan. the bank ofjapan have been very concerned about currency weakness throughout this year anyway. quarter pounder burgers will be back on the menu in the us this week at mcdonalds — after they were taken off following an e.coli outbreak. the source of the problem has been identified to be onions which were served in 900 restaurants across a dozen states. those restaurants will also serve quarter pounder burgers this week — but without slivered onions. staying in the us — it's a big earnings week for tech, with the big five unveiling their quarterly

report cards. that is alphabet, microsoft, meta, amazon and apple. all of these companies have been betting big on al, with analysts keen to see if their vast investments are paying off. the bbc�*s ritika gupta has more. investors on wall street are bracing themselves for big tech earnings this week. alphabet, meta, microsoft, amazon and apple all report, and these five tech giants combined account for 23% of the weighting of the s&p 500 index, so the reaction to their results could have big implications for the stock market rally. while expectations are high for profit and sales, investors will be alert to any underperformance, especially when it comes to artificial intelligence that could trigger volatility. analysts will zero in on advertising revenue when alphabet, google's parent company, and meta when alphabet, google's parent company, and meta report. for alphabet,

this remains its main revenue driverfor meta. this remains its main revenue driver. for meta, the growth of its reality labs division will also be in focus. cloud computing will be a key theme when it comes to amazon's aws unit and microsoft's azure. and finally, analysts expect strong growth from apple's iphone segment. but they'll be watching for any weakness in china and the broader consumer electronics market. turning to india — and its new era of start—ups where businesses are trying to bridge the digital divide. from netflix programmes in local dialects, to online shopping — more and more companies have been creating digital solutions for the rural areas of the country.the bbc�*s nikhil inamdar went on a remote discovery and filed this report. we are on the set of the high octane drama about power and justice. the location today is the village hedman�*s house.

this is a very small regional film and for a specific rural audience that lives in the northern state. it is produced by an app co—founded in 2019. in india there are 19,500 different dialects and 18 of them we have found which are large enough, which can exist as an independent market but there is no one who does content in them. ln there is no one who does content in them. in another art of content in them. in another part of the _ content in them. in another part of the country, - content in them. in another part of the country, frontier markets is bringing online shopping to remote rural customers. the start—up connects village communities with big companies through localfemale with big companies through local female entrepreneurs. ahead of diwali, there is a deal on laptops. we ahead of diwali, there is a deal on laptops.— deal on laptops. we are enabling _ deal on laptops. we are enabling access - deal on laptops. we are enabling access to - deal on laptops. we are -

enabling access to services. we work with female entrepreneurs and enable them with the capacity to earn income. we help them reach what they are not able to reach.— not able to reach. with these remote villages, _ not able to reach. with these remote villages, they - not able to reach. with these remote villages, they have . not able to reach. with these i remote villages, they have not on the radar of most of india's start—ups, and there is some agriculture focus companies making inroads here. things have now begun to change as more and more investment begins flowing in to companies that are looking at tapping the rural opportunity. this man has funded india's biggest billion—dollar tech start—ups that have changed urban living. he is now putting more cheques to entrepreneurs building for the village. to entrepreneurs building for the village-— the village. more than 14 million people _ the village. more than 14 million people in - the village. more than 14 million people in rural. the village. more than 14 i million people in rural india have smartphones. they are aspirational they want to buy everything that the urban consumer has. that is a 200 billion market opportunity. mas billion market opportunity. was crackina billion market opportunity. was cracking this — billion market opportunity. was cracking this market will not be easy. ruralfans

cracking this market will not be easy. rural fans are small. consumers are scattered, and operating costs are high. but the opportunity is clearly large enough for start—ups and investors to be betting their money. i would like to show you the nick kay 225, how that market is performing after pan's liberal democratic party lost its parliament majority for the first time since 2009. almost 2% higher, the yen hitting its lowest level in months, helping exporters which is pushing up those stocks ever so briefly. and that's it for this edition of business today.

hello and welcome to sportsday. i'm karthi gnanasegaram. the headlines: salah scores, to make sure liverpool take a share of the points, in an entertaining encounter with arsenal.

dangerous driving, punishments and penalties — f1�*s championship battle reaches boiling point at the mexico city grand prix. and double delight for draper — the british number one wins the biggest title of his career and moves into the world's top 15. hi, there. we'll start with the premier league. a late equaliser from mo salah earned liverpool a 2—all draw a late equaliser from mo salah earned liverpool a 2—2 draw with arsenal at the emirates stadium. mikel arteta's side twice had the lead, but both times, were pegged back, so both teams had to settle for a point in north london. the result means manchester city end the weekend on top of the table, with liverpool and arsenal in second and third place, respectively. it's pleasing to see that we can come back into the game two times,

especially with one day left to recover, having an away leg in europe against leipzig,