keep the pressure on. hello and welcome to business today. i'm steve lai. 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. trump is preparing to take office injanuary. he is positioning himself as a president to be friendly to big business in america. the us markets are enjoying a record run. the s&p 500 is up 25%. the tech—heavy nasdaq surged 35% in the same period. michelle fleury has more from new york. this was trump territory. the businessman turned politician... bell rings. ..received a warm welcome, ringing the opening bell at the new york stock exchange. some of his 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. and we have one product

that nobody, really, has to the extent we do. it's called oil and gas. there is no country in the world that has more. we're number one. i brought it to number one during my first term in terms of production. we're gonna be number one—plus. we'll do numbers that nobody will really see before. when that happens, prices are going to start coming down. people can't afford their groceries and they'll be affording their groceries very soon. trump, named time's person of the year, is making plans for his inauguration, including taking the unusual step of inviting chinese president xijinping to attend the ceremony. i was even thinking about inviting certain people to the inauguration. some people say, "wow, that's a little risky, isn't it? " laughter. maybe it is, we'll see. the president—elect has always been keen to celebrate a rising stock market but in a reminder of how unpredictable financial markets can be, they ended thursday's session in the red with the nasdaq retreating from wednesday's record high.

to south korea, where president yoon suk yeol has defended his martial law decision. despite growing calls for him to stand down. another impeachment vote is scheduled for saturday. some members of the president's party are set to vote against their leader. businesses are feeling the heat as labour unions ramp up strikes, demanding his resignation. the korean metal union president, which has around 190,000 members, gave her thoughts. he has clearly said 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 upcoming 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 unions are calling for him to step down. how much influence do your unions and other unions have over this process? 70,000 workers went on strike, including important members of the export community like hyundai motors and general motors korea — 40,000 from hyundai, 10,000 from general motors. and yesterday and the day before strike, we had a lot more — from kia, as well as hyundai steel, which is the 12th steel—maker in the world, as well as hyundai motors,

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 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 of 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

these 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, depending on what the situation calls for. so, 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. to china, and the country'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. the country is bracing for the impact of tariffs on exports. despite this, markets in china and hong kong are trading more than 1% lower. two us states are suing firearms maker glock, accusing the company of making hand guns that can be easily converted into illegal machine guns. the lawsuit is from attorneys in minnesota and newjersey.

it claims the glock device is a danger to the public. the gun maker 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. our business correspondent has more. india's steel minister says the country is weighing up a safgeguard duty or temporary tax on steel. it comes as imports of steel have surged to a seven—year high in the first seven months of this year, according to reuters data. a particular worry has been chinese dumping. steel imports from india's larger neighbour has climbed some 35% year on year in the first seven months. local industry leaders have been complaining about this for a while as it's hit their pricing power and taken the utilisation of production

capacity to a four—year low. the duty is not yet known of the reuters has said 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.

how does it change behaviour, and how do other brands get in on this. because they say — look, these drugs have a huge slice in the market and are successful businesses there. how do they do that? the obvious — how do they do that? the obvious impact _ how do they do that? the obvious impact is - how do they do that? the obvious impact is on - how do they do that? tue: obvious impact is on food how do they do that? tte: obvious impact is on food and drink because it's all about the calories that you take in the calories that you take in the end. what's happened in the last 30 or 40 years is that food manufacturers have become very efficient in encouraging people to take in more calories so you now have a whole class of drugs which is encouraging people to reduce their calorie intake. that totally changes the way that brands might have to think about how they market their products, how they design their products. looking at portion control, for example, if you're a food and drink manufacturer, if people want to eat less, then you make less but better. make smaller portions but make sure that they're nutrient dense. going to have to rethink their sizing. dense. going to have to rethink theirsizing. because dense. going to have to rethink their sizing. because it's so central to people's lived

experience, it affects so many different markets. i think there's potentially really interesting implications for leisure and hospitality and food service. think about how people socialise. it's linked so much of the time to food. sitting there watching people push their meal around their plate with a fork because they're not hungry is not an especially fun experience. so, yeah, it's going to have implications across food service as well for example. you can see the full interview about the business of weight—loss jabs on this weekend's talking business on bbc news. in the meantime that's it for us on business today. thanks for watching. i'll see you again soon.

hey, it's lucy with the catch—up. tonight: an appealfrom 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. yeah, lucy. after returning home

and seeing their pictures and chats, the girl's mother reported their relationship to police in dubai. they arrested marcus at his hotel and he was sent to prison because having sex with someone under 18 there is illegal. the pm here says it's a distressing situation. meanwhile, 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 viktoria 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. so, 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 1—1. jane dougall was watching in glasgow. this was the first time that tottenham and rangers had met competitively in more than 60 years. but notjust for that reason was that a huge build up to this game. ange postecoglou, the former

celtic manager, of course,