introduced each special guest. if you are able, please stand when your name is called. studio: you're watching bbc news, where president biden is marking veterans�* day in virginia. he earlier laid a wreath on the tomb of the unknown soldier, and we are expecting, a little later on, to hear from expecting, a little later on, to hearfrom president biden. retired united states navy force master chief gary mccue, president, non—commissioned officers association of the united states of america. mr gary leach, national vice

commander, the american legion. mr robert oliveros junior, national commander, military order of the purple heart. mr timothy morgan, national commandant and chief executive officer, marine corps league. retired united states army major general father william oswald, executive director, military chaplains association of the united states of america. mr robert thomas, national president and chairman of the board, paralysed veterans of america. mr michael parry, national commander, legion of valour of the united states of america. retired

united states air force lieutenant colonel, david worley, commander—in—chief... worley, commander—in—chief. .. studio: we worley, commander—in—chief... studio: we will come back when president biden speaks, but first the business news.

hello! , i am hello! , iam here with hello! , i am here with the business headlines. to baku now in azerbaijan, where global leaders are gathering to try and agree how to rein in climate change at this year�*s cop summit. top of the official agenda this week is money. rich nations are contributing $100 billion a year to help developing countries adapt to climate change. many say that�*s not enough. some want it ramped up to $1 trillion a year. overshadowing the whole event, though, is the return to the white house of climate sceptic donald trump.

speaking at the summit, us climate envoy john podesta insisted that while the incoming trump administration "will try and take a u—turn, the work to contain climate change is going to continue." let�*s head to baku now and speak to gareth redmond—king, head of international programme at the energy & climate intelligence unit. you hope for with what can be achieved not with handing the incoming trump administration? hopeful, yes, it is not an easy ask to get all the countries of the world together and get them to agree to a very difficult and ambitious target, but they have done it before, and quite recently, the paris agreement in 2015 as the basis for these

negotiations, and that set a very ambitious target of limiting global temperature rises to 1.5 degrees, and that has really established considerable momentum that has seen the whole world moving away from fossil fuels and towards clean energy over the last decade since that agreement came into force. and that of course encompasses the period that donald trump was president of the united states before and did his best to slow and limit climate action, and he wasn�*t successful in that term. this time around, the clean energy industries globally are worth an awful lot more money, the clean energy capacity, clean electricity capacity, clean electricity capacity globally has doubled in the time since he left office, so it may be even harderfor him to office, so it may be even harder for him to slow progress on the clean transition this time than it was last time around. ., ., ~' . time than it was last time around. ., ., ~ ., ., around. looking at the other economic— around. looking at the other economic superpowers, - around. looking at the other - economic superpowers, thinking of china, thinking of india as well, it is often said, what

would motivate them to go further on climate change if the united states is not prepared to, but what can you tell us about their individual attitudes to the issue? well, i mean, attitudes to the issue? well, i mean. we _ attitudes to the issue? well, i mean, we don't _ attitudes to the issue? well, i mean, we don't need - attitudes to the issue? well, i mean, we don't need to - attitudes to the issue? well, i i mean, we don't need to wonder mean, we don�*t need to wonder whether china is committed to taking action to tackle climate change, it is the world�*s biggest investor in clean energy, it is investing more than the whole of the rest of the world together, in terms of moving away from fossil fuels and towards renewables. it is reckoned that their emissions could stay level and even start to fall from this year, which is ahead of their commitments that they have made and their promise under the paris agreement. they have hit their targets that they set under that pledge months and in some cases years early, so they are pretty committed, and they have driven what we have seen in the

last few years under the biden administration with the introduction of the inflation reduction act, which included huge incentives to mobilise investment in clean energy. we have then seen the european union competing with that, attracting investment. we have seen a race to the top that has been, in many ways, fuelled by chinese commitments and domination of some parts of the clean energy sector. and india seize those opportunities as well, india wants those economic benefits as well as the public health benefits of reducing the air pollution which, of course, burning coal causes. they have committed to a very ambitious, at the cop in 2021 of the uk, they committed to very ambitious targets to get to net zero by 2070, which for a developing country of its size, is, you know, genuinely ambitious. size, is, you know, genuinely ambition-— ambitious. we are often reminded _ ambitious. we are often reminded these - ambitious. we are often reminded these days - ambitious. we are often l reminded these days that renewables are already proving

themselves, being produced more cheaply than fossil fuels, so can we expect some momentum towards change to come from that simple fact?— that simple fact? absolutely, and the rate _ that simple fact? absolutely, and the rate of— that simple fact? absolutely, and the rate of investment i that simple fact? absolutely, and the rate of investment in j and the rate of investment in clean energy at the moment, in renewables, is twice that of fossil fuels, renewables, is twice that of fossilfuels, and renewables, is twice that of fossil fuels, and that is globally, that is notjust in a couple of scandinavian countries and the uk, that is globally, the rate of investment is twice what it was investment is twice what it was in fossil fuels. the international energy agency reckons that means demand for fossil fuels will actually pique at the end of this decade, in 2030. in many ways, driven by the political agreements that were made in the paris agreement, driven by the paris agreement, driven by the commitments that countries collectively have made since then, but now increasingly driven by market forces, by the economic benefits that are to be had from deploying clean

energy, it has built up considerable momentum. gareth, thank ou considerable momentum. gareth, thank you very — considerable momentum. gareth, thank you very much _ considerable momentum. gareth, thank you very much for _ considerable momentum. gareth, thank you very much forjoining i thank you very much forjoining us on business today. to the us now, where the stock exchange marked veterans�* day at the open with a moment�*s silence onboard america�*s newest warship, the uss john basilone. markets opened in the green, continuing to head upwards on the back of trump�*s decisive victory last week, with the republican party edging closer to taking full control of the us congress. wall street closed at record highs on friday and look set for more to come. european indices shrugging off concerns of a trump trade war, the main indices rising today, and fresh record highs across the atlantic after a bumper week last week. tesla is leading the charge, up over 7% today after notching up near 30% last week. another big winner is bitcoin, with the top cryptocurrency passing the $82,000

value for the first time. let�*s speak to our north america business correspondent ritika gupta, who�*s in new york. well, you are looking at an s&p 500 on a dowjones that are said to roach fresh record highs again, building on the post—election rally, and as for the reasons for cheerfulness, it is expected a donald trump victory could bring about more deregulation and lower corporation taxes, and we could get a republican sweep, still waiting for the results from the house, but that could push the house, but that could push the s&p 500 up further, despite warnings that trump policies, like tariffs, could be inflationary. we are going to get cpi data this week, so we will be watching for that. away from stocks, the dollar is

gaining strength, bitcoin reaching record highs, so the trump trade in full force. figs trump trade in full force. as ou trump trade in full force. as you say. _ trump trade in full force. as you say, bitcoin hitting a record high, what difference does bitcoin and crypto investors expect donald trump to make? ~ ., ., to make? well, i mean, look at bitcoin, it _ to make? well, i mean, look at bitcoin, it is _ to make? well, i mean, look at bitcoin, it is rallying _ to make? well, i mean, look at bitcoin, it is rallying above - bitcoin, it is rallying above that $84,000 threshold, so another record high, and along with it you are seeing the likes of other crypto stocks going higher as well, and we saw trump very much branding himself as being pro—crypto, an advocate, in stark contrast to the crackdown on digital assets underjoe biden. it is expected that a trump presidency will bring about more clarity when it comes to regulation, as well as an sec and senate banking committee that is more pro crypto, and one of the big issues with the sec is whether digital assets can be branded a

security or not, something that i spoke about, take a listen. security is, as i think many pe0ple _ security is, as i think many people know, in the law it is about— people know, in the law it is about rights and title and ownership of a company, if you own_ ownership of a company, if you own a — ownership of a company, if you own a security in apple, one part— own a security in apple, one part of— own a security in apple, one part of the company, you have governance rights. that doesn't exist. _ governance rights. that doesn't exist. if— governance rights. that doesn't exist, if you own different cryptocurrencies, you are not getting — cryptocurrencies, you are not getting the rights, titles and interest. the key thing is to create — interest. the key thing is to create that clarity that the sec — create that clarity that the sec is _ create that clarity that the sec is not the regulator that is trying _ sec is not the regulator that is trying to own the industry, and — is trying to own the industry, and they— is trying to own the industry, and they have really been trying _ and they have really been trying to do regulation through enforcement, ratherthan enforcement, rather than codifying and enforcement, ratherthan codifying and taking the time to write _ codifying and taking the time to write clear rules of the road _ to write clear rules of the road. . , , ., to write clear rules of the road. ., , ,, ,, road. that is your business news, thank _ road. that is your business news, thank you _ road. that is your business news, thank you for - road. that is your business i news, thank you for watching.

vaughn taylor, you�*re watching bbc news. let�*s turn to the middle east now, where syria�*s president, bashar al—assad, has joined leaders of arab and muslim states at an emergency summit in saudi arabia, focusing on the conflicts in gaza and lebanon. delegates say they want to see an immediate end to israel�*s military action against the iranian—backed militant groups, hamas and hezbollah. syria�*s attendance signals shifting dynamics in the middle east, with the incoming us administration potentially playing a smaller role — and saudi arabia and iran putting past differences aside to strengthen their ties. our security correspondent frank gardner is following the meeting in riyadh. he explains its significance. this is the second so—called emergency arab and islamic summit to discuss what the organisers are calling the israeli aggression against the people of gaza and lebanon. it�*s exactly a year since the last one held here in riyadh. and, of course, since then, the conflict in the region has grown into more than one conflict. israel is now at war with notjust hamas in gaza, but hezbollah in lebanon, and exchanging blows

with the houthis in yemen and intermittently with iran as well.