for friday, there are the weather fronts i showed you earlierjust encroaching into western areas there because they are bumping up against high—pressure they will melt away, so most places will be grey and gloomy, and the temperatures around 15 or 16 degrees at best, and with high—pressure holding on as we head into the weekend, a lot more dry weather around and hopefully we should see a few more glimmers of brightness in the north and west.

all eyes on the us election as it will have major implications for the business world. we will look at what a harris or trump victory could mean. also coming up, the clouds part for boeing. shares have been on the rise as workers agree a deal to end their damaging strike. and from their damaging strike. and from the world travel market in london, we take a closer look at the bounce back in global travel and the big risks lying ahead. we will start in the us with the race for the white house which is in its final stretch with opinion polls mixed on who will become the

next president of the world's biggest economy. any minute now we are expecting donald trump to place his vote in palm beach in florida. these are live pictures of the polling station close to his florida home at —— and we will bring you the live pictures when donald trump does show up to cast his ballot. his third ever presidential vote for himself. global investors remain on edge with many unsure which way us economic policy will swing, depending on who wins. kamala harris has pledged to raise corporate taxation from 21% where it stands now up to 28% as part of her plan to make the wealthy pay their fair share. donald trump wants to reduce corporate tax to 15%. it was during his first term that he cut it from 35 to the 21% level it is at now. he also

plans to continue the trade war with beijing with tariffs as high as 60% on goods from china. harris says she will stand up for american businesses threatened by unfair trade practices. let's speak to our north american business correspondent who is into —— in new york. these two perspectives on the corporate tax rate are pretty stark divide is between the two candidates.— divide is between the two candidates. , ., ., , candidates. yes, polar opposite tax oli candidates. yes, polar opposite tax policy proposals _ candidates. yes, polar opposite tax policy proposals from - candidates. yes, polar opposite tax policy proposals from the i tax policy proposals from the two candidates. kamala harris on the one hand he wants to raise corporate tax to 28% up from 21 and trump who wants to reduce it down to 15% on companies that make their goods here in the us but trump also wants to increase tariffs on most imported goods. these tax proposals matter to businesses and the stock market because the tax rate impact your profits and your bottom line but the question is how much and also what broader impact it will have on the stock market,

but also how administrations would deal with biggerfiscal deficits. it's notjust the tax side of things but their spending proposals. we have a study from the budget model that says drum's tax and spending plans will increase deficits by $5.8 trillion in the next ten years and for harris the model says her plan will increase primary deficits by 1.2 trillion in the next ten years and there are many similar forecasts out there but in truth what most economists agree on is that fiscal deficits will rise under both candidates significantly for future generations and earlier i spoke to the president of queens college cambridge who said that governments now should be fixing the roof instead of creating more holes. the us has the privilege of being — the us has the privilege of being the issue of the reserve currency— being the issue of the reserve currency and providing the deepest capital markets and other— deepest capital markets and other countries outsource their savings — other countries outsource their savings to _ other countries outsource their savings to the us so the us has

a much — savings to the us so the us has a much longer runway for fiscal irresponsibility than other countries. but all economists agree — countries. but all economists agree there a limit to that. both— agree there a limit to that. both candidates right now are not any— both candidates right now are not any fiscal consolidation. what — not any fiscal consolidation. what they are promising is higher— what they are promising is higher deficit and higher debt, but once — higher deficit and higher debt, but once they get into the office _ but once they get into the office they will realise that there _ office they will realise that there is _ office they will realise that there is a limit and importantly congress comes into this _ importantly congress comes into this. whatever happens in congress will have a big say as to whether we get fiscal consolidation or not. the finer details of _ consolidation or not. the finer details of the _ consolidation or not. the finer details of the tax _ consolidation or not. the finer details of the tax proposals, l details of the tax proposals, the leupolz or tax breaks that companies care about that wall dragged back the rate they pay, they probably won't be known until until the administration takes office —— they will be dragged back by the rate. we will see reaction from the markets on the headlines of the tax proposal that the

candidates have, but you might see muted reaction and may be the market wants to wait and see to get more detail of what the next administration would propose. the next administration would --roose. ., ~' the next administration would --roose. ., ~ ,, the next administration would --roose. ., ~ ., the next administration would --roose. . ~ ., ., propose. thank you for that. sta in: propose. thank you for that. staying in — propose. thank you for that. staying in the _ propose. thank you for that. staying in the us, _ propose. thank you for that. staying in the us, it - propose. thank you for that. staying in the us, it is - propose. thank you for that. staying in the us, it is backl staying in the us, it is back to work at boeing after 33,000 workers in the us west coast accepted a revised pay offer that will give them a 38% pay rise over the next four years. the deal ends a bitter seven week long strike that has brought the companies commercialjet business to a near standstill. the latest problem is after a string of high—profile safety scandals. shares initially rallied but now it is trading lower than yesterday. getting the firm back on its feet will take time as aviation analystjohn strickland told me earlier. it isn't a matter of days or weeks, it will be months, the whole production process has stopped. boeing had experienced this in the pandemic and the

grounding of the 737 max aircraft when they had an enormous number of aircraft in production, some semi—completed and some completely finished. the intricacy of production is complex but on top of that there is the whole web of suppliers who themselves have fallen impact of the strike and they've had a very difficult times in terms of cash flow, manpower and so on so it takes a long time to bring back, and even when we get back to the levels of production they were achieving before the strike, that will be below pre—pandemic levels and then there is a regulator camp on what they can produce until they resolve the issues which they have to address in terms of quality and safety production and that will leave production at lower levels for some time and we have a massive airline frustration. we heard from one low—cost airline in europe, ryanair, they contradict what deliveries they will get in next year and they have cut their passenger target next

yearin their passenger target next year in anticipation rather than risk over committee in schedules and timetables and finding they don't have aircraft. finding they don't have aircraft-— finding they don't have aircraft. staying on the subject _ aircraft. staying on the subject of _ aircraft. staying on the subject of travel, - aircraft. staying on the subject of travel, the l aircraft. staying on the - subject of travel, the travel industry is very much back in the swing following the pandemic and today many of the big players in the industry are in london for the world travel market. globally, the travel industry is expected to be worth around $5.5 trillion this year, about the size of the british and french colonies put together but there are some headwinds with climate change and unpredictable weather events. let's explore some of the risks and speak to the managing director at oxford economics. let's welcome you to the programme, david. 2024, travel levels expected to be back at pre—pandemic levels. was this inevitable and are we lucky to have come out of the pandemic unscathed in this way?

i think it was always inevitable in something that was obviously a big fear as we go through the pandemic there were concerns people were going to come back to travel or and it's something we've always seen about travel in the resilience of the sector and that resilience of the demand. and it shows you how saying it domestically and internationally, we are seeing the international travellers this year set to exceed the pre—pandemic highs of 2019 hitting new record levels of trouble this year and the increased length of stay. a really strong return to those travellers and explore and have new experiences.— new experiences. another important _ new experiences. another important difference - new experiences. another important difference is . new experiences. another| important difference is the difference between leisure and business travel and certainly the pandemic triggered many businesses to ask whether

travel was a necessity. today, many of them are not travelling still in the same way. do you think that is a permanent change?— think that is a permanent chance? ., , , , change? one of the surprising thins change? one of the surprising things we've _ change? one of the surprising things we've seen _ change? one of the surprising things we've seen this - change? one of the surprising things we've seen this year i change? one of the surprising| things we've seen this year has been the returning business travel and people are travelling differently, but they are travelling for business, for major events and they are spending longer on these trips and building them around major events like this one adding more time to those trips, bringing theirfamily trips, bringing their family with trips, bringing theirfamily with them, having the extra meetings and business activity around the events but also extending and having the blended trips, so leisure and business travel taking place. so that means we are seeing higher spending on a per trip basis, if we are seeing fewer trips. basis, if we are seeing fewer tri s. basis, if we are seeing fewer tris. , ., trips. david goodier, from oxford economics, - trips. david goodier, from oxford economics, thanksj trips. david goodier, from i oxford economics, thanks for

0xford economics, thanks for joining us from the world travel market today. let's take you to florida, pictures coming to us from palm beach, a polling station where donald trump is about to cast his vote in the 2024 us presidential election. i will pass you over to matthew. thank you very much. as the picturesjust move in, we are not that far away from learning of donald trump has voted or is about to vote. will grant is there in has voted or is about to vote.