hello and welcome to business today. hello and welcome i'm katie silver. let's begin in the us. the dowjones notched a record high on monday, while the s&p 500 topped 6,000. bitcoin as well briefly hit above 89,000 for the first time ever. the positive momentum comes as donald trump's election victory continues to boost sentiment. ritika gupta has the latest from new york. us stocks rose for a fifth straight session on monday with the s&p 500 topping 6,000 for the first time and the dowjones industrial average hitting a fresh record. investors continue to bet those trades will benefit from president—elect donald trump's agenda. economically sensitive shars also outperformed with the 2000 index of smaller firms claiming to the highest since 2021. because the watch gauge of banks rose in anticipation of deregulation and lower taxes under a donald trump presidency.

while most big tech fell with nvidia down over 1.5%, tesla bucked the trend as part of the broader so—called trump trade, investors piled into elon ev maker, confident a second trump term will bring windfalls to the company. the stockjumped 9% on monday. meanwhile the bond market was closed for veterans day. with the election out of the way, investors will turn their attention to inflation data on wednesday and more fed speak later this week. in other news, the collapsed crypto currency exchange ftx is suing rival binance and its former chief executive changpeng zhao. ftx alleges that nearly $2 billion was illegally transferred to binance by its former boss sam bankman—fried, as part of a share repurchase deal back in 2021. according to the lawsuit, ftx's alameda research division directly funded the deal, but was insolvent at the time. binance though has denied

the claims and vowed to defend itself in court. japan's new prime minister shigeru ishiba is betting big on the country's chip and artificial intelligence sectors, pledging $65 billion in subsidies and financial incentives until 2030. the plan is aimed at supporting production of next generation chips, and will be presented at the government's next parliament session. 0ne likely beneficiary is state—backed rapidus, which wants to mass—produce these cutting—edge chips. south korea's government introduced legislation giving chipmakers subsidies as it readies for the policy changes from the trump administration injanuary. turning to e—commerce and one of the biggest retail events — singles day, which kicked off yesterday. 0riginating in china, it has become a major discount day for big platforms such as alibaba, jd.com and pdd. but there's been a lot of data recently pointing to a slow down in the world's second largest economy. retail marketing expert, ashley dudarenok, gives us insight into what this

means for the consumer. it is calmer this year. previously double 11 was all about buy buy buy it was a frenzy that was crazy. today we sent about 50% of shoppers saying they were excited in october for this upcoming double 11. in contrast in 2021 76% were excited. this year it is a lot more rational which means people don'tjust buy cheap stuff in bulk. what they do is they buy things they need, they need a nice jacket and buy a nice jacket, they want to change their home appliances and they do that as well. some of the emotional consumption stuff is also happening. beyond that people used to prepare for double 11 quite a lot, lots of spreadsheets, they were trying to understand the complicated rules of e—commerce platforms on how to get the best deal but right now people feels a lot less pressure and when it comes to growth double 11 is still

growing butjust a lot slower than before. 0fficial numbers are not our because they are not releasing them but 156.4 billion goods were sold last year and this year we are probably seeing about two to 3% increase on that. while both alibaba and jd.com did not disclose actual sales this year they said they are sent a record number of shoppers at this years week—long event that ended on monday. india will report its consumer inflation numbers later today. prices expected to rise for a 14 month high according to reuters. let's begin our correspondent from more. what is driving the prices up? the sinale is driving the prices up? the single biggest _ is driving the prices up? tue: single biggest reason is driving the prices up? tte: single biggest reason is food inflation because prices start

to go up, vegetables are gone up to go up, vegetables are gone up significantly due to uneven distribution of climate and rainfall playing a big role. we are also likely to see edible prices going up because import duty has been brought in on edible oil. that is taken inflation to a 14 month high of 5.81% according to reuters economists and that really takes it to the upper level of the reserve bank of india's comfort threshold. going forward as well, economy still expect inflation will remain due to political factors on account of the fact that climate risks continue to exist and of course there is specific to india the currency has been continuously weak, against the us dollar which has got up. what does this mean for interest rates? the senses that the reserve bank of india will continue to remain or maintain

its stance in december and interest rates will only start going down time later next year. we are likely to have two essentially stay with higher interest rates for some more time. ., ~' ,, interest rates for some more time. . ~ i. ., interest rates for some more time. . ~ ., time. thank you for reporting there. time. thank you for reporting there- we — time. thank you for reporting there. we look _ time. thank you for reporting there. we look forward - there. we look forward to receiving that data later today. have you ever wondered how the latest technology is changing our flying experience? the airline passenger experience expo in long beach, california is the place to go. they showcase the latest innovations to help make travel more enjoyable. my colleague went to the expo and sent us this report. the airline industry is soaring, revenues are projected to hit a historic high approaching $1 trillion. how are carriers channelling this influx of cash into the next chapter of flying? one of the distinctive things about flying is the fact that the crew are all in uniforms but have you ever thought about the challenge

of trying to get a staff of 80,000 people fitted out in uniforms when they are based all around the world 7 this is one company that has and i'm joined by the co—founder. united airlines is one of your customers, what is the best case use for this technology, body scans? typically in a traditional process it could take up to an hour or maybe two hours per staff member to measure and try on various different garments to get that fit right. across defence, aviation, and theme parks have proven we can reduce that process literally down to about 60 seconds. you want to raise your hand a little higher and have it in outbound box. the pilots and the crew, more time in the air and less time spent getting the new uniform? correct and for a brand like united airlines customer support, cabin crew pilots of the face of the brand and so that interaction with the clients and the customers and passengers are so important so corporate brand outlook is critical.

consumers are used to using or codes when it comes to dining out or going to a concert, what about uploading your documents before you get to the airport? this is an increasing trend we see in the airline industry and one company that makes that technology is scandit, oliver is a product manager here. tell us about the technology. what we do is enable capturing data with smart devices like tablets or phones that help employees screen line that process and dedicated scanning devices that the you so far. pulling up information on luggage in real time so you can see through this ar overlay. and you can see multiple bags at once? exactly. there are multiple things you can do in this case like showing information, if you need to find a specific luggage like which one it is, out of all of these, . .. i see it as quick transfer there, change terminal. this technology could help make sure i don't lose my baggage?

exactly. there you have it, a glimpse at how innovations are notjust cutting costs are changing the flying experience. michelle fleury, bbc news long beach, california. i need to up my tech when it comes to travel. several airlines have halted flights to haiti after a passenger plane from the us was hit by gunfire as it tried to land in port—au—prince. the spirit elements quite from fort lauderdale was diverted to the dominican republic rate landed safely at santiago airport. american airlines and jetblue have now also suspended operations to the country. the attack is the second in three weeks on aircraft flying over the capital. it comes after a new prime minister was sworn in on monday. delegates at the cop—29 climate gathering in azerbaijan have approved new standards for a global carbon market — a key component of the paris agreement aimed at reducing

green—house gas emissions. the agreement which took years to reach, will allow richer countries to offset carbon pollution by investing in clean energy projects or forests in poorer countries. and a quick look at how markets in asia are faring this tuesday. it's been a mixed trading session so far after the record close on wall street and you can see here, japan's trading higher at 0.5% while hong kong is over 8% lower. and that's it for this edition of business today. stay with bbc news sport today, up stay with bbc news sport today, up next.

hey, i'mjulia with the catch up. tonight, cop29 warning, a barbie blunder and gus the penguin explorer. but first, the uk and europe fell silent for two minutes at 11am to mark the peace agreement to end world war i. keir starmer spent in paris, he and emmanuel macron promising unwavering support to ukraine. the music world has been remembering liam payne, rita 0ra gave an emotional tribute at the emas last night. he brought so much joy to every room he walked into and he left such a mark on this world. as for who swept up the awards, sabrina carpenter's espresso got best song, tyla banked

three wins but top of the list with four was... hey guys, it's taylor. i am coming to you from the eras tour and i am so sad i can't be with you tonight. some of the stories now, ex—british soldier daniel khalife has pleaded guilty to escaping prison, after tying himself to the bottom of a food delivery truck last year. he denied other charges including spying for iran and terrorism. cop29, the yearly climate conference kicked off today, the un warned 2024 is on track to be the hottest year on record. and fans who bought the new wicked movie barbie dolls have noticed a porn website printed on the packaging. mattel has apologised for the misprint. and now to ten seconds of a seriously lost penguin. this is gus, he found himself on australian beach 2000 miles away from his home in antarctica. the emperor penguin is being cared for after his record—breaking journey north. you're caught up now, see you.

hello and welcome to sportsday. amorim arrives. manchester united's new head coach visits training, ahead of starting his newjob at the premier league giants. problems for the premier league as one of their top referees is suspended after appearing to make derogatory comments about liverpool. and a ruud awakening for alcaraz. the spaniard is defeated on his atp finals opener in turin. welcome to the programme. we start at manchester united where it's been day

one of a new era.