hello and welcome to business today. 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 us$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 russell 2000 index of smaller firms claiming to the highest since 2021. a closely watched gauge

of banks rose in anticipation of deregulation and lower taxes under a donald trump presidency. while most big techs fell with nvidia down over 1.5%, tesla bucked the trend as part of the broader so—called "trump trade" — investors piled into elon musk�*s 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 now turn their attention to inflation data on wednesday and more fed speak later this week. staying with the us, one area that the incoming president donald trump will play a crucial role in is artificial intelligence. so far the president—elect has been vocally against regulation in the sector — saying it stifles innovation. this means big things for the biggest tech companies including apple, meta and google, to name a few. and then, there is that newly struck friendship we're seeing between trump and elon musk — the boss of tesla. industry expert dan ives

believes this will be a new era for big tax. this is a "get the popcorn out" moment because tesla is the best that can happen, autonomous will get fast—tracked, the spiderweb that elon musk has dealt with essentially more or less moves away, and also for big attack you want elon musk to have a set at the table when it comes to china tariffs, ai, that is it overall for tech. he made a poker move for the ages betting on trump and it will pay on in trillions for tesla. let's talk about the manufacturing hubs many of these companies like apple have in asia. trump last time had these big tariffs, was very strong against china. will that be a potential negative when it comes to them being able to buy their products and get them manufactured in asia 7

i don't think so, i think you will have carve—outs for apple and tesla on the supply chain when it comes to others. the street view is if you don't have a typical bureaucrat next to trump — it is elon musk, he understands ai and the supply chain as well as anyone. that's why for big tech along with a red sweep, trump in the white house, this will be a golden era for big tech, dealmaking will accelerate and regulatory ease, will dramatically give an environment for big tech and a sigh of relief. you mentioned the golden era, we are talking about the golden era when it comes to artificial intelligence. many countries are jostling to be world leaders in its integration and technology but also its regulation. what is a trump win mean for al in the us going forward? this is the best thing that could happen because it is a fourth industrial revolution taking place, you will have

a mass accelaration of ai in the government, a lot of the infrastructure products will be around ai and that's big for microsoft, google, amazon, the defence side, regulatory is in the right lane going 30 miles an hour in a minivan. the tech is in a bugatti going 90 in the left lane and it will accelerate under a trump white house. 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. meanwhile the south korean government has also introduced legislation giving chipmakers subsidies as it readies for the policy changes from the trump administration injanuary. now go to mumbai. what is driving prices up? it now go to mumbai. what is driving prices up?— driving prices up? it is food inflation with _ driving prices up? it is food inflation with things - driving prices up? it is food inflation with things such i driving prices up? it is food | inflation with things such as vegetable prices looking likely to have jumped vegetable prices looking likely to havejumped in regard to the uneven distribution of rainfall

in the country, also edible oil prices expected to go up because the government impose an import duty on him —— edible oils in india. that will bring inflation to a 14 —— a 14 month high of 5.1% which is at the upper end of the reserve bank of india's comfort threshold between 2—6%. going ahead as well, the sense among economists is inflation would continue to remain quite sticky on account of things such as geopolitical factors and climate risks persisting as well as donald trump, and the indian rupee actually becoming significantly weaker against the us dollar. the next logical question to ask really is what does it mean for interest rates, the sense is the reserve bank of india will maintain its status quo pause in december policy and it is only later in the next year that interest rates will actually begin to go down here in india. so some more time before indian

consumers actually see lower rates hitting. 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 airlines flihgt from fort lauderdale was diverted to the dominican republic where it landed safely at santiago airport. american airlines and jetblue have now also suspended operations to the country. have you ever wondered how the latest technology is reshaping our flying experience? the airline passenger experience expo in long beach, california recently showcased the latest innovations to help make travel more enjoyable. my colleague michelle fleury 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. so 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 ? 0ne company that has is bardon, and i'mjoined 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. bodd, 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 that 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 and that look is critical. 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 greenhouse gas emissions. the agreement, which took years to reach, will allow richer countries to offset carbon pollution by investing in clean energy projects in poorer countries. the cop29 president held it as a breakthrough but more work is likely to be needed before such a market becomes fully operational. 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 nikkei trading higher at 0.5% while

the hang seng in hong kong is about 2% lower. markets are up in shenzhen and malaysia. this comes off the back of a very stellar day on wall street as you can see, the dowjones and s&p 500 hitting record highs,, the s&p 500 ending above 6000. bitcoin as well also topped $89,000 at one point, clearly some optimism after the trump election victory. and that's it for this edition of business today. stay with bbc news.

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 today at 11am to mark the peace agreement to end world war i. keir starmer spent it 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 other stories now: ex—british soldier daniel khalife has pleaded guilty to escaping wandsworth 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, earlier 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 there's a porn website printed on the packaging. barbie's maker, mattel, has apologised for the misprint. and here's 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. new head coach ruben amorim has arrived at the club — ready to start his new role. amorim departed portugal on monday after winning his final match in charge of sporting — but he won't be able to start work immediately, as he waits to get his visa sorted and becomes the club's sixth permanent boss in 11 years — and he insists he's not naive to the challenge ahead at old trafford. i feel ready for the new challenge, i am not naive and i know that it's going to be very different, very tough but i feel that i am ready. i'm at peace now, i can focus on my newjob, i know how i am going to play in the beginning because you have to start with a structure, a structure that you know, and then you will adapt

with the players that you have, some injuries or no injuries,