hsbc is reporting a 10%jump in profit for the third quarter, beating market expectations. mariko oi is watching the result for us. watch the remake of the results?— watch the remake of the results? a a, , results? as you said, a prophet “uminu results? as you said, a prophet jumping by _ results? as you said, a prophet jumping by10% _ results? as you said, a prophet jumping by 1096 to _ results? as you said, a prophet jumping by 1096 to 8.5 - results? as you said, a prophet jumping by 1096 to 8.5 billion i jumping by 10% to 8.5 billion us dollars compared to $7.7 billion in the same period last year, sojump of 10% and analysts were expecting roughly $7.6 billion so it is much better than what they were expecting. it follows a similarly strong results from its rivals such as lloyds, barclays, natwest, because customers have been borrowing more. the number is literally just came out so we don't know whether or not its china business is recovering because the economy there has been

struggling and hsbc has a much bigger presence in china compared to its rivals. also investors will be closely watching whether they can get more details on that restructuring plan announced last week because we are not so sure whether this is a true break—up of the business between its west and east units or whether it is a tinkering of boundaries between different divisions so that is something investors will be closely following on the call. fascinating stuff and it should be said the hong kong market is currently in lunch break so we are not seeing any reaction in the stock right now. it was trading around i% the stock right now. it was trading around 1% higher before the results were released. shares of ford have fallen by around 6% in after—hours trade after the company lowered its guidance for the year. on the earnings call, chief executivejim farley attributed the soft outlook to a global price war in the industry. our north america business correspondent ritika gupta has the details. ford reported third—quarter earnings after the bell on monday, beating analysts�* expectations on revenue, but guiding to the lower end of its full—year forecast.

the automaker now sees about $10 billion in earnings before interest and taxes this year, instead of its prior range of $10 to $12 billion. third—quarter profit, however, fell less than expected. results were hurt by a $1 billion charge it took on cancelling production of a 3—row electric suv in august, saying that the vehicle could no longer be profitable in the timeline required. ford is facing around a $5 billion loss on its electric vehicles this year, despite cost improvements. the ceo, jim farley, has made tough decisions about the company's ev line—up, as competition from tesla and chinese automakers has intensified over the past year. ford's results follow rival general motors blow—out third—quarter earnings and consistent profit guidance increases for the year. across in europe, volkswagen is planning to lay off tens of thousands of workers and shut down three

factories in germany. that's according to the automaker�*s works council and it comes after negotiations with its unions for weeks. the company has been facing significant pressure to cut costs. volkswagen added that restructuring is needed and concrete proposals will be shared on wednesday. boeing has announced a stock offering that could help the planemaker raise around $20 billion. that money will be crucial to preserve the company's investment—grade credit rating. boeing has been struggling recently, with more than 30,000 workers in the united states on strike since september. last week, about two thirds of the workers in the company's largest union voted to reject the offer of a 35% pay bump. the aircraft maker also reported a quarterly loss of six billion dollars for thejuly to september period. we are a week away from the us presidential election and a large part of both campaigns have focused on trade policy — and tariffs in particular. but how would these taxes on imports impact small businesses in the us?

the bbc�*s michelle fleury investigates. worksman cycles is america's oldest active bicycle—maker. it's been around since 1898, so they know what trade policy can do to american manufacturing. so tariffs haven't helped you create more jobs? it basically hurt our bottom line, with no benefit. 0wner wayne sosin is scared of what may be coming next — more tariffs. rather than help, donald trump's 2018 tariffs hurt his business, because the parts he needs — tyres, seats and pedals — all come from abroad. up until recently we ate all the costs of the tariffs, but we have no choice but to pass some of this on to consumers. and also the big effect on us is if we weren't paying these tariffs, think about what we could have done with that money — could have made investment in machinery and personnel to grow our business. not that long ago, republicans were all about free trade while, ifanything, democrats lean towards protectionism for local industries and jobs.

but then donald trump arrived on the scene and flipped the debate. tariffs. the self—described tariff man, donald trump, views import duties as a way to grow america's manufacturing sector, by making foreign countries foot the bill. we're going to have a - manufacturing boom and a lot of it's just taxationi policy, tariff policy. they're going to come roaring back. - when they have to pay tariffs to come in, but they have - incentive to build here, they're going to come i roaring back. the republican nominee is eyeing 20% tariffs on all foreign imports to the united states, and 60% or more on goods made in china. 0n the campaign trail, kamala harris frequently mocks donald trump over tariffs. he will impose what i call a trump sales tax because he has an intention of putting an at least 20% tax on everyday necessities. keep working...

yet she still appears willing to support some tariffs on china — forfavoured industries like semiconductors. all of which points to the shifting winds in washington. there certainly is less enthusiasm around pursuing what we might call an affirmative trade agenda in terms of liberalisation, openness, reduction of barriers. and i think these other tools that are now being used — tariffs, restrictions on foreign investment, export controls, industrial policy — they're probably here to stay. restricting imports was meant to help workers and businesses like wayne sosin�*s. not so, he says. speaking from the bicycle industry, ijust think what they've done is discouraging companies like us from continuing to have american people making our bikes. all of which leaves free trade without a clear champion in the race for the white house. michelle fleury, bbc news, new york. now, businesses in

asia are particularly watching for changes in us trade policy after the november vote. but hsien—hsien lei from the american chamber of commerce says it's not just about tarrifs. businesses of course have to think about their business plans and tariffs play a role in that but at the same time there are other things involved. we are talking about supply chain resilience and now we have to think about the climate. so businesses have a lot to catch upon and administrations, no matter which country, also need to think about the many things they can do to help support businesses and the economy. right, and let's start in terms of policies. we will start with president trump. obviously his policy when he was in office, former president trump, was very damaging to china. there is lots of conversation about the supply chain migration. have we seen that in the region, have we seen companies moving their operations to vietnam?— moving their operations to vietnam? . . ., , moving their operations to vietnam? ~ . . ., , , vietnam? we have certainly seen some movement _ vietnam? we have certainly seen some movement out _ vietnam? we have certainly seen some movement out of _ vietnam? we have certainly seen some movement out of china - some movement out of china because there was a particular strategy called china plus one and so we have certain businesses who have decided to

strengthen their supply chain presence in countries in southeast asia, which has been great for southeast asia. southeast asia as you know has a huge population, a huge base of consumers. but on the other hand that does not mean businesses are pulling out of china. their commitment there is strong. they continue to do business there. even if operations remain slightly different than how they run it across the road, southeast asia has certainly benefited from some of the movement in this china plus one strategy. returned to kamala harris, a lot of the criticism early on when she was put as the presidential candidate was we didn't know much about her economic policy. what do we now know about her economic policy when it comes to asia? economic oli will when it comes to asia? economic policy will likely _ when it comes to asia? economic policy will likely not _ when it comes to asia? economic policy will likely not be _ when it comes to asia? economic policy will likely not be very - policy will likely not be very different particularly in the first year. we have an economy, global economy, still under flux. we still see inflation, we still see a lot of activity where it is hard to predict exactly where we are going. businesses also need to be mindful of that. they also have contingency plans but where the next president of the us might

take us, businesses are ready because they will have a plan a. because they will have a plan a, b and probably see. for all the latest updates on developments surrounding the us election, do visit our website for live coverage leading up to polling day on 5th november. apple has released an update that enables artificial intelligence features in some of its latest iphones. the new apple intelligence will help users to proof—read text and remove unwanted objects from photos. the release is a big milestone for apple, whose ai strategy has been criticised for lagging behind competitors like samsung and google. but if you're in indonesia, you might not be able to enjoy those ai features because the country has blocked the sale of iphone 16 smartphones. according to the ministry of industry, smartphones must contain 40% of locally sourced components to be sold in the country — a requirement the iphone 16 does not meet. apple has yet to respond to the ministry's statement. and before we go — a subway customer in new york is suing the fast food chain for allegedly misleading her

regarding the amount of meat in their sandwiches. in her lawsuit, anna tollison claims that subway�*s advertising contains — "200%" — more meat than the steak and cheese sandwich she received. the fast food chain has not responded to requests for comment. and that's it for this edition of business today. keep watching bbc news and we will bring you more analysis on the hsbc results as we have it. thank you for watching.

hey, i'mjulia with the catch—up. tonight, badjoke backlash, a cctv scandal and a sea of chalamets. but first, manchester united have sacked manager erik ten hag. he's only been in the position for two and a half years. it's after a bad start

to the season, with just three wins from the club's first nine matches. the former captain, gary neville, said it was coming. with the us elections just over a week away, trump's camp are dealing with a lot of backlash after a comedian made this controversialjoke at the latest rally. there's literally a floating island of garbage in the middle of the ocean right now. yeah, i think it's called puerto rico. trump's campaign says the comment does not reflect his views. some other stories now. the labour party have suspended one of their mps after a video showed him punching a man in the street. mike amesbury will now have to sit as an independent. bus fares across england are about to get more expensive. the price cap is going up in most places from £2 to £3. it's part of the government's budget plan. and while the government looks

at how the curriculum could add more diversity, some artists say they want to see more focus on black british music. as opposed to just teaching me about mozart, bach, it would inspire more black british people. and here's ten seconds of timothee chalamets — plural. yes, the real timothee gave fans a huge shock when he gatecrashed his own lookalike contest in new york. the winner got a modest $50 prize, which is about £39. you're all caught up now. see ya! hello, welcome to sportsday, i'm hugh ferris. our top stories — erik ten hag is gone, but have manchester united already found his replacement? rodri wins the ballon d'or, but real madrid boycott the event

because their player doesn't. and we speak to the double amputee who has smashed an ironman record by two hours. hello again. welcome along to sportsday. 14th in the premier league, more than a year without a win in europe, manchester united have pulled the plug on erik ten hag's reign as manager, and they could well be already honing in on his successor. the dutchman was sacked after nearly two and a half years in charge after another defeat on sunday, with his assistant ruud van nistelrooy given the job on an interim basis. but then reports later on monday suggested the sporting boss, ruben amorim, might be united's

target for the position in the long term.