market. as opens the us stock market. as president yoon digs in, south korea's striking workers keep the pressure on. hello and welcome to business today. president—elect donald trump rung the opening bell at the new york stock exchange on thursday, cheered on by an audience of america's business elite. president trump is positioning himself as a president to be friendly to big business in america. the us markets are enjoying a record run. the tech heavy nasdaq surged 35%. this was trump territory, the businessman turned politician... received a warm welcome, ringing the opening bell at the new york stock exchange. some of his cabinet picks and wall street ceos cabinet picks and wall street ceos joined cabinet picks and wall street ceosjoined him. ahead of the bell ringing, he touted some of his economic goals, including lowering energy prices and slaying inflation. find

lowering energy prices and slaying inflation.— lowering energy prices and slaying inflation. and we have one product — slaying inflation. and we have one product that _ slaying inflation. and we have one product that no-one - slaying inflation. and we have | one product that no-one really one product that no—one really has to the extent we do, it's called oil and gas. there's no country in the world that has more. we're number one. i brought it number one during my first term, in terms of production. we'll be number one plus. we'll do numbers that no—one has seen before. when that happens, prices are going to start coming down, people can't afford their groceries, they'll afford their groceries very soon. they'll afford their groceries very soon-— they'll afford their groceries ve soon. , . 2 very soon. trump, named time's erson very soon. trump, named time's person of— very soon. trump, named time's person of the _ very soon. trump, named time's person of the year, _ very soon. trump, named time's person of the year, is _ very soon. trump, named time's person of the year, is making - person of the year, is making plans for his inauguration, taking the unusual step of inviting chinese president xi jinping to attend the ceremony. some people say, wow, that's a risky, isn't it? maybe it is, we'll see. risky, isn't it? maybe it is, we'll see-— risky, isn't it? maybe it is, we'll see. , , . we'll see. the president-elect has always — we'll see. the president-elect has always been _ we'll see. the president-elect has always been keen - we'll see. the president-elect has always been keen to - has always been keen to celebrate a rising stock market. but in a reminder of how unpredictable financial marketing, they ended thursday's session in the red,

with the nasdaq retreating from wednesday's record high. to south korea, where president yoon seok—youl has defended his martial law decision. some members of the president's party are set to vote against their leader. fora party are set to vote against their leader. for a look at how their leader. for a look at how the extended stand—off could impact the economy, we're joined by a former trade minister. i want to get your understanding of how you have seen the last 2a hours play out, with the president yoon being very defiant about not leaving office.— leaving office. yes, it looks like the presidential - like the presidential announcement is getting really big backlash, and you know, it appears the situation in korea is getting close to a sort of tipping point. ithink is getting close to a sort of tipping point. i think there seems to be sort of cautious prediction that this time around, the impeachment vote may pass. d0 around, the impeachment vote may pass-— may pass. do you think that will be the _ may pass. do you think that will be the case? _ may pass. do you think that will be the case? what - may pass. do you think that l will be the case? what would give you confidence that enough lawmakers are going to make

that switch and vote against their president?— their president? you know, nobody knows _ their president? you know, nobody knows yet. - their president? you know, nobody knows yet. but - their president? you know, nobody knows yet. but it i their president? you know, . nobody knows yet. but it looks like at least seven lawmakers in the ruling party showed, you know, kind of officially they there are —— they will be in favour of impeachment. eight members from the ruling pare needs to switch sides for this impeachment to pass. we have to see. but it looks like the current rules seem to be getting close to a tipping point. getting close to a tipping oint. , , ., point. eight members are needed for an impeachment _ point. eight members are needed for an impeachment to _ point. eight members are needed for an impeachment to take - for an impeachment to take place, eight members from the ruling party to vote against the president, that is. there's lots of political uncertainty. have you seen any impact this has had on south korea's domestic economy? has had on south korea's domestic econom ? ~ _, , domestic economy? when it comes to economy. _ domestic economy? when it comes to economy. you — domestic economy? when it comes to economy, you know, _ domestic economy? when it comes to economy, you know, the - to economy, you know, the

fundamentals of the economy doesn't change overnight. but now more and more the foreign investors and business partners seem to predict this sort of political paralysis in korea may continue for, you know, several months. so, looks like it begins to affect businesses, business deals, potential deals, business trips to korea being cancelled, etc. i think it will be critical for leaders in korea to bring certainty and predictability to this political environment as soon as possible. political environment as soon as possible-— as possible. that uncertainty could continue, _ as possible. that uncertainty could continue, even - as possible. that uncertainty could continue, even if- as possible. that uncertainty i could continue, even if there's impeachment, it could take months to play out.- impeachment, it could take months to play out. from the revious months to play out. from the previous impeachment - months to play out. from the previous impeachment case l months to play out. from the| previous impeachment case in 2017, we had, you know, the impeachment vote passed in

december. and we had a presidential election in may. and the new president was elected in may. so, at least six months or so may be needed to install a new government and new president.— new president. thank you for our new president. thank you for your time- — new president. thank you for your time. we _ new president. thank you for your time. we appreciate - new president. thank you for | your time. we appreciate your time. a former trade minister. now, staying with the turmoil in south korea, businesses are feeling the heat as labour unions ramp up strikes, demanding yoon's resignation. what is next in this stand—off? we have the international affairs director for the korean metal workers union. she gave her thoughts on the latest statement.— her thoughts on the latest statement. . , . ., , statement. he has clearly said he will not _ statement. he has clearly said he will not resign, _ statement. he has clearly said he will not resign, although i he will not resign, although other countries have called on him to resolve political differences peacefully, instead he used his speech to justify his declaration of marshal law. people are wondering why he sent soldiers, ambulances, and 300 police to the national election commission as his

priority during a military martial law? and apparently he does not accept the april general election and he has used his speech to launch these conspiracy theories about the april elections that are not accepted by most of the common people. and second, he used a speech to provide counter arguments to the up coming constitutional court review if he's impeached, he used it as a rallying cry to right—wing extremists to continue the insurrection, saying he'll fight to the end. we'll be watching things carefully and moderating our strike action as events unfold. the moderating our strike action as events unfold.— events unfold. the unions are callin: events unfold. the unions are calling for— events unfold. the unions are calling for him _ events unfold. the unions are calling for him to _ events unfold. the unions are calling for him to step - events unfold. the unions are calling for him to step down. | calling for him to step down. how much influence do you have? 70,000 workers went on strike, including important members of the export community. 40,000

from hyundai, 10,000 from general motors. and yet — yesterday and the day before strike, we had a lot more from kia, as well as hyundai steel, the 12th largest steel—maker in the 12th largest steel—maker in the world, and a lot of other facilities, workers walked out to ask yoon to step down, but also to hold rallies in the regions and in the districts in front of, like, the ruling party's front of, like, the ruling pa rty�*s offices front of, like, the ruling party's offices and the mps' offices. so, we think that the ruling party should feel — should understand it's notjust the opposition party, that ordinary people of korea, the workers powering your export economy, we do not accept this situation that someone who sounds like in his speech he could quite ease declare martial law again, that he should remain commander in it chief of the armed forces. we hope he feels the pressure to

step down and to respond to the mandate the people are giving them to impeach the president. just how long do you think the strikes will carry on? we're closely paying attention to the investigation as well as the impeachment processes. and you know, we're moderating our actions and the intensity deading on what the situation —— depending on what the situation calls for. we'll continue to have strategic discussions and meetings to decide. but you can bet that if he continues to hold out that, you know, we have no choice but to step up and preserve democracy and workers' rights. china's top leaders have pledged more measures to try and boost consumption as concerns rise over the potential impact of trade tensions with the incoming trump administration. beijing has pledged higher debt issuance and looser monetary policy. two us states are suing glock, accusing the company of making hand guns that can be

easily converted into illegal machine guns. it's from minnesota and jersey, targeting the glock device, saying it's a danger to the public. the gunmaker is yet to respond. let's turn our attention to india, and the world's second largest steel producer says it's mulling a tax on steel as the country sees a surge in cheap chinese imports of the —— alloy. india's steel minister says it's weighing up a temporary tax on steel, it comes as imports of steel have surged to a seven—year high in the first 7 months of this year, according to reuters data. a particular worry has been chinese dumping. steel imports from india's larger neighbour has climbed. local industry leaders have been

complaining about this for a while, as it's hit their pricing power and taken the utilisation of the industry to a four—year low. it could be 25% for two years on flat steel products. this comes amid a looming trade war between the us and china, who are both india's largest trading partners. thanks forjoining me on business today. i'll be back at the top of the hour on news day. in the meantime, bye for now.

hey, it's lucy with the catch—up. tonight — an appeal from marcus fakana... time's person of the year... ..and selena is engaged. first, an update on marcus fakana, the 18—year—old from london who's been sentenced to a year in jail for having sex with a 17—year—old girl he met on holiday in dubai. now, marcus has appealed to dubai's leader to let him go home. he says he never intended to break the law — and just wants his life back. jack is going to tell us more. after returning home and seeing their pictures and chats, the girl's mother

reported the relationship to police in dubai. they arrested marcus at his hotel and he was sent to prison because having sex with another person aged under 18 is illegal there. the pm here says it's a distressing situation. a campaign group helping marcus say they'll appeal the sentence — and are confident he'll be allowed home. some other stories now. have you been shopping for christmas? well, we're being warned about online bargains which could be shoplifted goods. retail groups say stolen items are being sold through resale websites. the sites say they are tackling the problem. time magazine have named their person of the year. for the second time, it's donald trump. joe rogan, kamala harris and elon musk were in the running. and selena gomez and benny blanco are engaged! she posted on instagram with the caption "forever begins now". taylor swift already joked about being the flower girl at the wedding. and now ten seconds

of this year's comedy wildlife award—winning photos. there were over 9,000 entries and this one was taken by ten—year—old flynn, the competition's youngest—ever winner. that's us for tonight, have a good one! hello and welcome to sportsday from the bbc sport centre with me chetan pathak. coming up on the programme: glasgow rangers and tottenham share the points in a breathless british derby in the europa league, one of 17 matches played. hojlund the hero — his late winner gives manchester united victory as they come from behind to beat victoria plzen. and former australia

fast bowlerjason gillespie resigns as head coach of pakistan's test side afterjust eight months in charge. welcome along, thank you forjoining us. 17 matches in the uefa europa league on thursday, one of the best was at ibrox where the scottish premiership faced the english premier league as rangers took on tottenham hotspur. in the end both had to settle for a point — it finished i—i. jane dougall was watching in glasgow: this was the first time that tottenham and rangers had met competitively, in more than 60 years. notjust for that years. not just for that reason. years. notjust for that

reason. ange postecoglou, the former celtic manager, was