the trump trade fades as markets rethink their bets on a victory for the former president and the odds shift towards kamala harris. also coming up, pumping the price of crude. and third time lucky and third time lucky for boeing? for boeing? striking workers are voting striking workers are voting on a new 38% pay rise. on a new 38% pay rise. will it be enough to get will it be enough to get the plane maker airborne again? the plane maker airborne again? and working less and working less to achieve more. to achieve more. thousand uk workers sign up thousand uk workers sign up for the four—day week trial. for the four—day week trial. in a moment, will be speaking in a moment, will be speaking to one of the brains to one of the brains behind the initiative. behind the initiative. hello and welcome hello and welcome to business today. to business today. we start in the us where we start in the us where the two main candidates the two main candidates for the white house, for the white house, kamala harris and donald trump, kamala harris and donald trump, are on a final sprint are on a final sprint

across the swing states that across the swing states that are most likely to decide the are most likely to decide the outcome of tomorrow's election. outcome of tomorrow's election. and polls show that voters and polls show that voters rank the economy is one rank the economy is one of the most pressing issues. of the most pressing issues. while inflation is easing while inflation is easing towards the federal reserve�*s towards the federal reserve�*s 2% target, the sting of rapid 2% target, the sting of rapid price rises over recent years price rises over recent years lingers for many consumers. lingers for many consumers. inflation is cooling, consumers inflation is cooling, consumers are spending and the jobs are spending and the jobs market remains robust. on the market remains robust. on the surface of the us economy looks surface of the us economy looks as strong as ever, even if many as strong as ever, even if many people don't feel that way. people don't feel that way. friday's jobs report showed the friday's jobs report showed the us unemployment rate remains at us unemployment rate remains 4.1%, low by historical 4.i%, low by historical standards. overall america's economy has grown rapidly, the latest gdp numbers show an annualised rate of 2.8% for the most recent quarter. and the

prosperity is turning up in american wallets. america life prices has made america life costlier and looms large over the presidential voters heading to the polls on tuesday are more likely to be thinking about their experiences with once—in—a—lifetime inflation. every week when you are going to work— every week when you are going to work and getting a paycheque and you — to work and getting a paycheque and you still have to spend

huge — and you still have to spend huge sums of money on gas to friday's jobs report showed the us unempi carient rate remains friday's jobs report showed the fill up — huge sums of money on gas to fill up your— huge sums of money on gas to fill up your carto us unempi car tot rate remains friday's jobs report showed the us unempi car to get :e remains friday's jobs report showed the us unempi car to get to �*emains friday's jobs report showed the us unempi car to get to your ns fill up your car to get to your office — fill up your car to get to your huge sums of money on gas to fill up your car to get to your office — fill up your car to get to your office and _ fill up your car to get to your office and it's another big office and _ fill up your car to get to your office and it's another big negative downward pressure on negative downward pressure on the us— the us— negative downward pressure on the us consumer.— negative downward pressure on the us consumer. donald trump negative downward pressure on the us consumer.— negative downward pressure on the us consumer. donald trump and kamala _ the us consumer. donald trump and kamala _ the us consumer. donald trump and kamala harris _ the us consumer. donald trump and kamala harris have - the us consumer. donald trump and kamala harris _ the us consumer. donald trump and kamala harris have - the us consumer. donald trump and kamala harris have offeredl and kamala harris have offered different ideas about making and kamala harris have offeredl and kamala harris have offered different ideas about making life more affordable. the vice life more affordable. the vice president has suggested price president has suggested price controls the groceries were controls the groceries were donald trump has promised that donald trump has promised that drilling for more oil would drilling for more oil would lower energy costs and reduce lower energy costs and reduce inflation. in truth, economists inflation. in truth, economists have warned of the policies of have warned of the policies of both candidates would increase both candidates would increase prices and even if voters are prices and even if voters are not feeling it whoever wins on not feeling it whoever wins on tuesday seems set to inherit a tuesday seems set to inherit a remarkably strong economy. our remarkably strong economy. our north american business north american business correspondencejoins me now. in correspondencejoins me now. in recent weeks something that recent weeks something that market watchers call the trump market watchers call the trump trade indicates that many trade indicates that many investors thought he would win investors thought he would win but that is changing. what can but that is changing. what can you tell us?— you tell us?— you tell us? you are seeing stocks treading _ you tell us? you are seeing stocks treading _ you tell us? you are seeing stocks treading water - you tell us? you are seeing stocks treading waterjust l you tell us? you are seeingi you tell us? you are seeing stocks treading water - you tell us? you are seeing stocks treading waterjust l you tell us? you are seeingi stocks treading waterjust a day ahead of the election. this stocks treading waterjust a day ahead of the election. this

so—called trump trade is so—called trump trade is fading. we are seeing the us dollar weaker and us treasuries are rallying. and trump media stock has also been done. pushing ahead into the green right now. this comes as we have seen the fresh polls indicating that kamala harris is gaining some ground. so

as 33,000 striking workers are now voting on a third pay offer after rejecting the previous two. the seattle times reports that boeing's chief executive kelly ortberg has warned that the 38% pay rise on the table is the best that workers are going to get. union leaders are calling on workers to back it. they are seven week—long strike at two plants in the seattle area has halted production of boeing's 777 and 737 aircraft. problems of boeing are affecting europe's biggest airline ryanair. it has reported an 18% dip in profits in the six months to september on the back of a 10% drop in phase. after—tax profits came in at $1.95 billion. a healthy profit in line with its forecasts but ryanair said it would trim its traffic growth targets for next year to reflect aircraft delivery delays from boeing.

aviation expertsjohn grant says that ryanair, which exclusively flies boeing aircraft, is particularly impacted. boeing have put in another 3% onto— boeing have put in another 3% onto the — boeing have put in another 3% onto the offer— boeing have put in another 3% onto the offer so _ boeing have put in another 3% onto the offer so it _ boeing have put in another 3% onto the offer so it was - boeing have put in another 3% onto the offer so it was prettyl onto the offer so it was pretty close — onto the offer so it was pretty close test _ onto the offer so it was pretty close last time _ onto the offer so it was pretty close last time and _ onto the offer so it was pretty close last time and they- onto the offer so it was pretty close last time and they will. close last time and they will be hoping _ close last time and they will be hoping they— close last time and they will be hoping they have - close last time and they will be hoping they have done . close last time and they will- be hoping they have done enough this time — be hoping they have done enough this time to — be hoping they have done enough this time to get _ be hoping they have done enough this time to get the _ be hoping they have done enough this time to get the deal - be hoping they have done enough this time to get the deal over- this time to get the deal over the line — this time to get the deal over the line and _ this time to get the deal over the line and get— this time to get the deal over the line and get people - this time to get the deal over the line and get people backl this time to get the deal over. the line and get people back to work _ the line and get people back to work but— the line and get people back to work but it's _ the line and get people back to work. but it's going _ the line and get people back to work. but it's going to - the line and get people back to work. but it's going to take - work. but it's going to take them — work. but it's going to take them probably— work. but it's going to take them probably a _ work. but it's going to take them probably a month - work. but it's going to take i them probably a month before they can — them probably a month before they can ramp— them probably a month before they can ramp up— them probably a month before they can ramp up production l them probably a month before . they can ramp up production and start— they can ramp up production and start to — they can ramp up production and start to produce _ they can ramp up production and start to produce an _ they can ramp up production and start to produce an aircraft - start to produce an aircraft out — start to produce an aircraft out of _ start to produce an aircraft out of the _ start to produce an aircraft out of the back— start to produce an aircraft out of the back of- start to produce an aircraft out of the back of this - start to produce an aircraft out of the back of this so l start to produce an aircraft i out of the back of this so it's going — out of the back of this so it's going to _ out of the back of this so it's going to be _ out of the back of this so it's going to be a _ out of the back of this so it's going to be a two _ out of the back of this so it's going to be a two and - out of the back of this so it's going to be a two and a - out of the back of this so it's going to be a two and a halfl out of the back of this so it's l going to be a two and a half or three — going to be a two and a half or three month _ going to be a two and a half or three month cessation - going to be a two and a half or three month cessation of - three month cessation of deliveries _ three month cessation of deliveries that— three month cessation of deliveries that we - three month cessation of deliveries that we would i three month cessation of - deliveries that we would have seen — deliveries that we would have seen from _ deliveries that we would have seen from boeing. _ deliveries that we would have seen from boeing. they - deliveries that we would have seen from boeing. they are l seen from boeing. they are wedded _ seen from boeing. they are wedded to— seen from boeing. they are wedded to the _ seen from boeing. they are wedded to the boeing - seen from boeing. they are wedded to the boeing 737 l seen from boeing. they are i wedded to the boeing 737 max and it's— wedded to the boeing 737 max and it's what _ wedded to the boeing 737 max and it's what they _ wedded to the boeing 737 max and it's what they fly - wedded to the boeing 737 max and it's what they fly so - wedded to the boeing 737 max and it's what they fly so they. and it's what they fly so they have — and it's what they fly so they have tteen— and it's what they fly so they have been impacted. - and it's what they fly so they have been impacted. they. and it's what they fly so they. have been impacted. they don't yet have — have been impacted. they don't yet have clarity— have been impacted. they don't yet have clarity over _ have been impacted. they don't yet have clarity over 25- yet have clarity over 25 aircraft _ yet have clarity over 25 aircraft that _ yet have clarity over 25 aircraft that are - yet have clarity over 25. aircraft that are supposed yet have clarity over 25- aircraft that are supposed to be delivered _ aircraft that are supposed to be delivered in— aircraft that are supposed to be delivered in the - aircraft that are supposed to be delivered in the first - aircraft that are supposed to be delivered in the first half| be delivered in the first half of next _ be delivered in the first half of next year— be delivered in the first half of next year and _ be delivered in the first half of next year and i _ be delivered in the first half of next year and i would - be delivered in the first half. of next year and i would wager that probably— of next year and i would wager that probably 60 _ of next year and i would wager that probably 60 or— of next year and i would wager that probably 60 or 70% - of next year and i would wager that probably 60 or 70% of- that probably 60 or 70% of those _ that probably 60 or 70% of those are _ that probably 60 or 70% of those are not _ that probably 60 or 70% of those are not going - that probably 60 or 70% of those are not going to - that probably 60 or 70% of those are not going to be i those are not going to be delivered. _ those are not going to be delivered. which - those are not going to be delivered. which is - those are not going to be delivered. which is why. those are not going to be i delivered. which is why they are making _ delivered. which is why they are making these _ delivered. which is why they

are making these cuts - delivered. which is why they are making these cuts in - are making these cuts in forecasts— are making these cuts in forecasts for— are making these cuts in forecasts for 2026 - are making these cuts ini forecasts for 2026 traffic because _ forecasts for 2026 traffic because they _ forecasts for 2026 traffic because theyjust - forecasts for 2026 traffic because theyjust cannot forecasts for 2026 traffic i because theyjust cannot be sure — because theyjust cannot be sure about _ because theyjust cannot be sure about productivity. - 1000 workers in the uk are to get extra time off without loss of pay in an unofficial pilot of a four—day week. it's been trialled before with some success in 2022. that was a six—month trial, after which 92% of participating employers decided to continue with the scheme. this latest endeavour has government backing. it will involve i7 employers testing variations of a shorter working week. one of the organisations that's taking part in this latest trial is the british society for immunology and its chief executive, doug brown, joins me now. you are a science driven organisation, this is a different type of science, but what have you seen from the trials and the research so far to make you think this is the right approach?—

right approach? you are absolutely _ right approach? you are absolutely right, - right approach? you are absolutely right, we - right approach? you are absolutely right, we are i right approach? you are i absolutely right, we are a science _ absolutely right, we are a science organisation. different type _ science organisation. different type of— science organisation. different type of science but very much driven — type of science but very much driven tty— type of science but very much driven by evidence and i must admit — driven by evidence and i must admit this— driven by evidence and i must admit this four—day working week— admit this four—day working week is— admit this four—day working week is something we have been keeping — week is something we have been keeping an eye on for a number of years— keeping an eye on for a number of years to _ keeping an eye on for a number of years to see if it could work _ of years to see if it could work for _ of years to see if it could work for us and the data from the previous pilots is really convincing. if you look at that data — convincing. if you look at that data you _ convincing. if you look at that data you can see that staff satisfaction increases significantly, staff well— being increases significantly. without actually on the whole impacting productivity. in fact are some _ impacting productivity. in fact are some organisations productivity has increased. that — productivity has increased. that time outside of work means people _ that time outside of work means people are coming with more energy— people are coming with more energy and more focused on more efficiency— energy and more focused on more efficiency and have been able to be — efficiency and have been able to be more productive. that has been _ to be more productive. that has been a — to be more productive. that has been a real— to be more productive. that has been a real draw for us with the — been a real draw for us with the main _ been a real draw for us with the main driver being around staff— the main driver being around staff well— being element where we really want our staff to feel — we really want our staff to feel we _ we really want our staff to feel we are taking well—being very— feel we are taking well—being very seriously and that they

can do— very seriously and that they can do amazing things in their professional lives but still have _ professional lives but still have a _ professional lives but still have a thriving personal life outside _ have a thriving personal life outside of work.— outside of work. could it be outside of work. could it be ou are outside of work. could it be you are in _ outside of work. could it be you are in a _ outside of work. could it be you are in a very _ outside of work. could it be you are in a very luxurious. you are in a very luxurious position to try this and contrast that with other people in the medical field contrast that with other people in the medicalfield in contrast that with other people in the medical field in a public hospitalfor in the medical field in a public hospital for example, i can't imagine them embarking on a trial like this. it can't imagine them embarking on a trial like this.— a trial like this. it does depend _ a trial like this. it does depend on _ a trial like this. it does depend on the - a trial like this. it does depend on the type - a trial like this. it does depend on the type of| depend on the type of organisation you are. you can see _ organisation you are. you can see from _ organisation you are. you can see from this pilot and the previous— see from this pilot and the previous pilot, you can get a large — previous pilot, you can get a large range of organisations of different— large range of organisations of different sizes and working in different sizes and working in different sectors. but what the previous — different sectors. but what the previous pilot showed is it doesn't _ previous pilot showed is it doesn't work for every single sector— doesn't work for every single sector and so you have to be very— sector and so you have to be very careful deciding whether you feet— very careful deciding whether you feel this is something that would — you feel this is something that would work for you and your organisation and if so think about— organisation and if so think about how you want to implement it. about how you want to implement it across — about how you want to implement it. across all of the organisations that are taking part— organisations that are taking part in— organisations that are taking part in this pilot they are implementing it in very different ways. we are going for the — different ways. we are going for the four—day working week and reducing full—time working hours — and reducing full—time working hours from 35 to 32 hours a

week— hours from 35 to 32 hours a week but _ hours from 35 to 32 hours a week but expecting people still to deliver the same amount of productivity. but this pilot is being — productivity. but this pilot is being implemented in different ways— being implemented in different ways by— being implemented in different ways by different organisations so to _ ways by different organisations so to be — ways by different organisations so to be as inclusive as possible _ so to be as inclusive as possible essentially implementing new flexible ways of working that can really enhance that well—being of working that can really enhance that well— being level for your— enhance that well— being level for your staff members. enhance that well-being level for your staff members.- for your staff members. have ou not for your staff members. have you got an — for your staff members. have you got an open _ for your staff members. have you got an open mind - for your staff members. have you got an open mind on - for your staff members. havel you got an open mind on this? it's a six—month trial and you are putting it to the test. do you think there is a strong chanceit you think there is a strong chance it might not work out? we have to be going into this with— we have to be going into this with an — we have to be going into this with an open mind. we can see from— with an open mind. we can see from the — with an open mind. we can see from the data but also have a similar— from the data but also have a similar organisations that have implemented this successfully that it — implemented this successfully that it could work and it's most _ that it could work and it's most likely to work but we do have — most likely to work but we do have a — most likely to work but we do have a really robust evaluation framework that we are implementing but also there is independent evaluation taking place — independent evaluation taking place as— independent evaluation taking place as well. all of that data is going — place as well. all of that data is going to be key to decide

whether— is going to be key to decide whether we move forward with the four—day working week. we have _ the four—day working week. we have an — the four—day working week. we have an inkling that this could work — have an inkling that this could work the _ have an inkling that this could work. the team are fully on board _ work. the team are fully on board we _ work. the team are fully on board. we will have to make some — board. we will have to make some changes to make the four-day— some changes to make the four—day working week arrangement work and we have our fingers crossed and if it works — our fingers crossed and if it works for— our fingers crossed and if it works for us i think it will be a fantastic development and help— a fantastic development and help us— a fantastic development and help us notjust a fantastic development and help us not just to a fantastic development and help us notjust to improve staff— help us notjust to improve staff well— being but help us notjust to improve staff well—being but being help us notjust to improve staff well— being but being an attractive employer to bring the very _ attractive employer to bring the very best people to work at the very best people to work at the society. the very best people to work at the society-— the society. thank you for that. china's top lawmakers are gathering this week to agree a major package of stimulus measures to boost the struggling economy which could be worth as much as $140 billion. the exact figure won't be known until the meetings end on friday and the result of the us election could have a major influence on the scale of the plan. both candidates for the white house are pledging to be tougher on beijing, but former president donald trump is promising a 60% tax on all chinese imports.

we are going to take you live to the house of commons where the education secretary is going to make a statement on tuition fees. let's listen in. i appreciate that you members across the house and our conventions demand and expect that. i hope you can accept my deep frustration and regret at what has taken place and i will take whatever steps i can to keep you updated on the matter because i do respect the conventions of this house and my responsibilities to this house. . , ._ my responsibilities to this house. . , house. can i 'ust say, can we take it from — house. can ijust say, can we take it from now _ house. can ijust say, can we take it from now that - house. can ijust say, can we take it from now that they i house. can ijust say, can wel take it from now that they will be a _ take it from now that they will be a full — take it from now that they will be a full inquiry— take it from now that they will be a full inquiry into— take it from now that they will be a full inquiry into how- take it from now that they will be a full inquiry into how thisl be a full inquiry into how this has happened _ be a full inquiry into how this has happened and _ be a full inquiry into how this has happened and that - be a full inquiry into how this- has happened and that everybody will be _ has happened and that everybody will be brought _ has happened and that everybody will be brought in, _ has happened and that everybody will be brought in, questioned - will be brought in, questioned and you — will be brought in, questioned and you will— will be brought in, questioned and you will update _ will be brought in, questioned and you will update this - will be brought in, questioned and you will update this with i will be brought in, questionedj and you will update this with a full inquiry _ and you will update this with a full inquiry. i— and you will update this with a full inquiry-— full inquiry. i can give you that undertaking - full inquiry. i can give you that undertaking and - full inquiry. i can give you that undertaking and i - full inquiry. i can give you| that undertaking and i will speak to officials on the matter as you request. with permission i would like to make

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