tv Business Today BBC News January 16, 2025 6:30am-7:01am GMT
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reprieve for reeves. uk government borrowing costs fell sharply after good news on inflation, easing the pressure on the chancellor. but britain's stagnant economy is an issue that's not going away. also coming up — wall street bounces back. us shares have their best day since the election, as bank profits soar and rate cut hopes are rekindled.
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plus, diversity of opinion. us firms row back or cancel their equality programmes amid pressure from conservative groups. could the debate be heading this way? live from london this is business today. we start here in the uk, where government borrowing costs have fallen sharply on bond markets — reversing much of their surge this year — investors have been worried about the weak state of the uk economy — as well as the chancellor's borrowing plans — and the impact of her tax rises on business. a surprise fall in inflation last month though has allayed some of those concerns. all eyes now are on uk gdp figures out in the next half hour — that could show the economy returned to growth in november after shrinking in october. here's our business reporter marc ashdown.
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bruderer in telford has been manufacturing and refurbishing high precision presses for nearly 60 years. they provide parts for a range of sectors, from the automotive industry to electronics and food. with 15 employees, there's some concern about how the incoming budget policies will affect their costs, but they're more worried about slowing demand from customers. as soon as the budget hit, theyjust said, we're putting this on the back burner until we see how the marketplace pans out. equivalently, you know, this has then put a dampener on our business because we can't see a way forward when everybody�*s complaining about costs. and it's notjust costs for the business, it's running costs of the vehicles, running costs for the engineers, for food and what have you. everything's gone up. those increased taxes are to fund public services like the nhs. but many businesses are worried about how they'll be squeezed by higher costs and the effects of that on prices, staffing levels and their own growth.
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the second half of last year, growth was basically snuffed out by a negative rhetoric from the government and then followed through by the negative reality of the policy choices which were made, which were even worse than we were we're expecting. so we've started this year with business confidence at rock bottom. so what do we need to see from government? well, we need a message shift. we need positivity. we need direction of travel. we need growth prioritisation. and we need delivery. there is a budget coming in october and it's going to be painful. the prime minister came in for criticism for playing down the economy after the election. that was part of a clear strategy to convince voters that labour inherited a less than rosy economic picture after 1a years of conservative rule. but today's monthly gdp figure for november is the first since the government's own budget. it says it will still take time to see results. but critics argue it's time now for the prime minister and chancellor
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to take responsibility for their own policies. economists do expect us to grow this year, but by not as much as the office for budget responsibility forecasts. companies like here in telford still need convincing they'll get the tools they need to thrive. and of course, when you combine that with the cpi numbers that you've just been talking
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about yesterday, those stagnation or more importantly, stagflation fears which were really roiling markets over the course of the first couple of weeks of the year, should diminish. so it is going to be very much a case of looking for a positive number driven by services, driven by consumption, to extend this short term boost of recovery sentiment in the uk. and of course, the markets reacted very positively to the surprise reduction in inflation. but when you look at the detail into the numbers, are you that optimistic about the shift in inflation in the uk? well, the bank of england have been particularly concerned about what they would call sticky inflation dynamics. and two particular components of that are wage growth, and we know from the anecdotal evidence that the labour market is softening, but also more importantly, in terms of services, that sector has proved to be remarkably resilient in terms of price dynamics. that significant pull—back to the level that we hadn't seen since spring 2022 on an annual basis yesterday is encouraging. so i think many on the bank of england committee will be relieved about that move. i think that should guarantee that the bank of england cut
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rates in february. but more importantly, it should amplify rate cut expectations through the rest of this year. because if we are going to see rates falling more than the sort of half a percent currently priced by the market, that should be good for growth and more importantly, for things like the housing market. and that was one of the points that the royal institute of chartered surveyors pointed to in their survey overnight. and just briefly, jeremy, do you think we might see a fiscal event in the spring if things become more difficult for rachel reeves? of course, the pressure on her has eased in the last 2a hours. your thoughts on what she might have to do going forward? well, of course, 2a hours is a long time in politics, but it's also a long time in economics. but if we were to see these bond yields remaining at elevated levels, so up around the sort of 480 mark in us ten year uk ten year yields, then the risk of needing to, adjust the fiscal stance will increase. so i think the government will be clearly hoping and looking for a moderation in long term uk interest rates to avoid the necessity of a fiscal
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event around that. obr update on the 26th of march. we are expecting those numbers from the office for national statistics in about 25 minutes so i will be updating you on what they are then. to new york now — because after a wobbly start to the year — the bulls are very much back — with the dow, s&p 500 and nasdaq racking up their best day in more than two months. as well as encouraging news on us inflation — bumper profits at some of wall street's biggest banks have set the scene for a strong earnings season — as michelle fleury reports. this was the best trading session for us docs since the day after the election. the start of this year has been pretty ugly for investors. they had a big inflation and interest rate scare that wiped out most of the gains of the last two months. on
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wednesday, they breathed a sigh of relief. even though prices edged up in december, new data shows the core number which stretches out volatile food and energy prices rose less than expected, mark, calming fears that the us central bank may have to act more aggressively to stabilise prices. shares surged and bond yields fell. the latest earnings season also got a boost from strong bank results. jpmorgan and goldman sachs both reported a surge in profits. all of this data feeling that market optimism that perhaps that market optimism that perhaps that post—election rally was justified after all. joshua mahony is chief market analyst at scope markets. he gave me his reaction to wednesday's stock market rally. the focus of late has been about a potential reflation, especially as we see donald trump coming into office, there is pent, potential has
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a terrace to have a knock—on impact, and the pound has been weakening so within the uk there is a perception that we could be importing inflation from the us. of course, we are not necessarily out of the woods, there are question marks about what will happen when donald trump comes into power, there are also question marks, questions about seeing the impact of the labour policy to raise national insurance contributions by businesses and the minimum wage, there are still some questions to be answered. sadly this feels like a relief rally, it has been the best cpi day since late 2023, and so really it feels like markets have somewhat got a bit carried away in one direction and now it is kicking back on the other direction, it doesn't necessarily mean we are out of the woods but certainly coming on the same day that we are seeing the bumpy start for earning season with big banks reporting and continuing today, really, it feels like we are now able to move into this period as we head towards trump's's inauguration with potentially more
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of an upbeat tone. what inauguration with potentially more of an upbeat tone.— inauguration with potentially more of an upbeat tone. what are you and our of an upbeat tone. what are you and your colleagues _ of an upbeat tone. what are you and your colleagues doing _ of an upbeat tone. what are you and your colleagues doing right - of an upbeat tone. what are you and your colleagues doing right now? . your colleagues doing right now? obviously, between now and april, as you have mentioned, there are still a lot of concern and uncertainty out there about the uk economy and the impact budget changes will have this year, and also when trump does take office, what he does medically when it to tariffs. .. , , ., ..,, it to tariffs. exactly. it is a case of bein: it to tariffs. exactly. it is a case of being cautious _ it to tariffs. exactly. it is a case of being cautious and _ it to tariffs. exactly. it is a case of being cautious and being - it to tariffs. exactly. it is a case - of being cautious and being nimble. the fact of the matter is that one good day doesn't necessarily mean we will hit record highs and everything will hit record highs and everything will be hunky—dory. there are a huge amount of questions that need to be answered and others that will happen when trump comes into power. what is notable is the strength that we have seen, in terms of treasury yields and a rise in borrowing costs and the fear that have surfaced have at least provided a nod to donald trump that if he is to try and boost the markets, which he is so keen to do, he is going to have to take inflation seriously, so certainly
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his approach to growth in doing so in a way that won't necessarily drive up inflation is going to be absolutely key as we go forward. but certainly volatility is here to stay and anyone following the markets will know that it is going to be a bumpy ride, as we see daily talks of a potential daily trade war with china. "there's been a meaningful shift in ceo confidence, " pa rticula rly after the us election" — the words of goldman sachs ceo david solomon, one of the most powerful people in global finance, speaking to investors on wednesday. his wall street rival, jp morgan boss jamie dimon, has also been talking about business optimism for a more pro—growth agenda — just days before the inauguration on donald trump — with his plans for lower taxes and lighter regulation. well, as michelle mentioned, the trump affect is already being felt by wall street bankers. goldman reporting its biggest quarterly profit in more than three years boosted by buoyant markets
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and fees on deal making. it was a similar story forjpmorgan as well as citigroup and wells fargo — who all reported a surge in profits. as banking analyst frances coppola told me earlier. iam sure i am sure that in the mind of regulators, that will be very much what they are thinking about, how to really walk this tightrope across the abyss of the crisis, saying how do we relax regulation enough to please the new us administration and to free banks to make more profits to free banks to make more profits to do more deals? without setting up another dangerous spiral like we had in 2008. around the world and across the uk. this is bbc news.
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social media giant tiktok is making plans to shut down its us operations on sunday, when a federal ban on the app takes effect, according to reports. the us supreme court is currently deciding whether to uphold, overturn or delay the ban. but could president—elect trump give tiktok a reprieve? the washington post reports that he's is planning to suspend enforcement of a shutdown for up to 90 days. congress voted to ban the tiktok on national security grounds, unless its chinese owner sells off its us operations. elon musk — former us treasury secretary steve mnuchin — and even online personality mr beast have all been named as possible buyers of tiktok�*s us business if it were to go on the market. bob o'donnell is president of technalysis research —
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based in foster city, california. he expects a trump intervention on the tiktok ban. i mean, if i was a betting person, i would bet that that is probably going to happen. i think there's a lot of decisions that are still having to be made. a lot of this is in real time. and as you guys were just discussing, i mean, look, we're entering into unknown and uncharted waters. when the trump administration comes into play because it's different than last time, and there's a different feeling around it than there was last time. and so there's this sense there could be some more dramatic things happening. but, you know, there's a lot of big questions around this, you know, and everybody�*s focussed on tick tock like, oh, it's this fun thing and everything else. but you know, i think the reason why people have been so concerned about it is that for many young people in the us and around the world, frankly, it's become their primary news source. and that's why i think that's the why the challenge is there. you know, why many other countries, by the way, have already banned tiktok and why it still could get banned here in the us.
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but bottom line is i do think it will be delayed a bit and then we'll see how it plays out. what is its value, the us business? has anyone come up with a number? you know, there have been all kind of numbers thrown out around there. but one of the big questions, of course, is whether or not a of course, bytedance says they're not going to sell it. b if they did sell it, would they include the infamous algorithm that provides the ability to feed people the content they want on a regular basis. and of course, they've said they wouldn't. so there's a lot of question about how much value there is without the algorithm. you know, there's been some discussion of some potential suitors saying, oh, we're fine without the algorithm. they think they can take the existing audience, which is huge, you know, and do something with it. so, i mean, you know, lots of 20 tens of billions of dollars certainly are the kinds of numbers being thrown around. and my guess is that's what it would eventually go for if it is sold. trump was with congress on the vote to ban tiktok originally and then
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post the election when he saw the influence it had to get him into office. he sort of changed his mind, and that's really been the saving grace, would you say, for bytedance? i think it has been. and the other thing is, of course, he had a big supporter who was a major investor who also said, hey, hold on a second. and, you know, we've seen already that that's the way donald trump tends to work. you know, if he's got supporters with a lot of money who, you know, want to have some influence, they clearly seem to be able to to be able to have some degree of influence there. and i think that also has an impact. but you're right, it certainly influenced the election. they know that. and so that would be another reason why they would consider extending any ban. finally — to the growing controversy over diversity policies in the workplace. major us firms from mcdonald's, to facebook owner meta, to banking giantjpmorgan have rowed
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back or dropped their diversity, equity and inclusion or dei programmes amid rising pressure from conservative groups, ahead of a second trump term. it comes after the us supreme court ruled against affirmative action policies in universities in 2023. tech giant apple though has been urging its shareholders to reject a proposal to end dei programmes at its annual meeting next month. but is it a debate that will soon spread to workplaces outside the us? a question we put to amanda arrowsmith from the cipd, which is the uk's hr professional body. we are not seeing it in the same way. when something happens in the us, there is a ripple effect over here that we have different protections over here in the uk and we have protection around diversity in law through the equality act so we are seeing it slightly differently here but we do know that organisations are looking at
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diversity and are continuing about how they can best do inclusion that aligns with their business goals. because there is so much scientific evidence to show that when you increase diversity, you increase profits, isn't there?— increase diversity, you increase profits, isn't there? exactly. and businesses _ profits, isn't there? exactly. and businesses want _ profits, isn't there? exactly. and businesses want to _ profits, isn't there? exactly. and businesses want to be _ profits, isn't there? exactly. andj businesses want to be successful profits, isn't there? exactly. and - businesses want to be successful but they also want the best people and they also want the best people and they can do that through inclusion and diversity. you don't want to leave good talent on the table and so therefore looking at inclusion and having an environment where you can allow people to be successful, where you can track different talent, is really important. so inclusion weaves through everything thatis inclusion weaves through everything that is happening in organisations, be that recruitment, training, how you are developing people, how you are training people, opening that can only be good for business. fire can only be good for business. are ou can only be good for business. are you concerned about what is going on at the likes of mehta and mcdonald's and other big influential organisations in the united states, of course mcdonald's is global and we at the bbc have done our own investigations into what is going on
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at mcdonald's.— investigations into what is going on at mcdonald's. within the profession and at the cip _ at mcdonald's. within the profession and at the cw d— at mcdonald's. within the profession and at the cip d and _ at mcdonald's. within the profession and at the cip d and within _ at mcdonald's. within the profession and at the cip d and within our - at mcdonald's. within the profession and at the cip d and within our own i and at the cip d and within our own research, dti has been something thatis research, dti has been something that is at the heart of what we do, but what we're seeing from our own members is that actually it is about being part of how they work in their organisation so it is about how they use inclusion everywhere. what we are seeing is a call—out of this anti—work and whilst that can be concerning, we know that in their businesses and what they are doing every day if they are working to get the best people for their organisations, and that means keeping inclusion important in what they are doing. but they need to align it with their business priorities. where it is accessible and where it works is where businesses can show how it helps them to achieve their business priorities and how they are making progress and how they are measuring that but not overly relying on data. i think it is concerning how some of the anti—statement and some of the rise and perhaps aggression on what
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that can cause terms of diversion within a workforce and potential for disruption, but right now we are seeing ripple effects, we haven't seen it in the same way in the uk. we are still on rocket launch rock, watch. they have another window. this is blue origin,, the work of jess bezos. stay with us here on bbc news. flashjeff bezos. the royal college of nursing has warned that patients are being put at risk because overwhelmed hospitals are having to provide care in corridors and other unsuitable settings.
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it comes after a report heard from 5,000 nurses across the uk about the scale of the corridor care crisis — following intense pressure on the nhs due to the quad—demic of winter viruses and critical incidents declared at dozens of hospitals last week. our health editor hugh pym spent two days at chesterfield royal hospital, where he witnessed the strain staff are under. iam running i am running out of oxygen cylinders. i am running out of oxygen cylinders— i am running out of oxygen linders. ., , ., . , cylinders. lisa has five ambulances on the way. _ cylinders. lisa has five ambulances on the way, trolleys _ cylinders. lisa has five ambulances on the way, trolleys and _ cylinders. lisa has five ambulances on the way, trolleys and oxygen i cylinders. lisa has five ambulances| on the way, trolleys and oxygen are needed fast. fist on the way, trolleys and oxygen are needed fast-— on the way, trolleys and oxygen are needed fast. �* , ., needed fast. at this moment in time, i've not 27 needed fast. at this moment in time, i've got 27 patients _ needed fast. at this moment in time, i've got 27 patients in _ needed fast. at this moment in time, i've got 27 patients in majors - needed fast. at this moment in time, i've got 27 patients in majors with - i've got 27 patients in majors with 16 structures. the i've got 27 patients in ma'ors with 16 structures.�* i've got 27 patients in ma'ors with 16 structures. the ma'ors area has 22 16 structures. the ma'ors area has 2: cubicles — 16 structures. the ma'ors area has 22 cubicles and h 16 structures. the ma'ors area has 22 cubicles and once _ 16 structures. the majors area has 22 cubicles and once they - 16 structures. the majors area has 22 cubicles and once they are - 16 structures. the majors area has 22 cubicles and once they are all l 22 cubicles and once they are all full. ., y , . ,
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22 cubicles and once they are all full. ., , , ., , ., , full. trolleys are lined up outside. abby wants _ full. trolleys are lined up outside. abby wants to _ full. trolleys are lined up outside. abby wants to be _ full. trolleys are lined up outside. abby wants to be where _ full. trolleys are lined up outside. | abby wants to be where everybody full. trolleys are lined up outside. - abby wants to be where everybody can see, it it feels uncomfortable and it is not nice, there are privacy concerns. it is not nice, there are privacy concerns-— it is not nice, there are privacy concerns. ., , ., ., concerns. patients even overflowing to nearby corridors. _ concerns. patients even overflowing to nearby corridors. our— concerns. patients even overflowing to nearby corridors. our complaints| to nearby corridors. our complaints have one to nearby corridors. our complaints have gone up _ to nearby corridors. our complaints have gone up significantly, - to nearby corridors. our complaints have gone up significantly, mainly i have gone up significantly, mainly around waiting times and corridor care and where patients are treated on the corridors. and ideally wouldn't do it?— on the corridors. and ideally wouldn't do it? no, absolutely. extra nurses — wouldn't do it? no, absolutely. extra nurses come _ wouldn't do it? no, absolutely. extra nurses come to _ wouldn't do it? no, absolutely. extra nurses come to help - wouldn't do it? no, absolutely. extra nurses come to help with | wouldn't do it? no, absolutely. . extra nurses come to help with the extra patients, hired in or sent from other wards. she extra patients, hired in or sent from other wards.— extra patients, hired in or sent from other wards. she is going to send an nurse. _ from other wards. she is going to send an nurse. emergency - from other wards. she is going to send an nurse. emergency unit. send an nurse. emergency unit consultant— send an nurse. emergency unit consultant dan _ send an nurse. emergency unit consultant dan sis _ send an nurse. emergency unit consultant dan sis is _ send an nurse. emergency unit consultant dan sis is a - send an nurse. emergency unit consultant dan sis is a scan - send an nurse. emergency unit consultant dan sis is a scan of| send an nurse. emergency unit- consultant dan sis is a scan of an's leg. consultant dan sis is a scan of an's leu. ~ . ., . leg. we were concerned there were some vessels _ leg. we were concerned there were some vessels in _ leg. we were concerned there were some vessels in the _ leg. we were concerned there were some vessels in the femur - leg. we were concerned there were some vessels in the femur that - leg. we were concerned there were l some vessels in the femur that were bleeding _ some vessels in the femur that were bleeding and getting worse but actually she's got a massive bruise. her leg _ actually she's got a massive bruise. her leg was— actually she's got a massive bruise. her leg was trapped after her car slid on ice. eventually, local
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schoolchildren feed her. and slid on ice. eventually, local schoolchildren feed her. and there i was stuck, screaming. _ schoolchildren feed her. and there i was stuck, screaming. and - schoolchildren feed her. and there i was stuck, screaming. and they - was stuck, screaming. and they managed to put the car back up on theice managed to put the car back up on the ice and get it out and rescue me. , . , the ice and get it out and rescue me, �* ., , ., , , the ice and get it out and rescue me. james has 'ust arrived by ambulance. — me. james hasjust arrived by ambulance. paramedics - me. james hasjust arrived by ambulance. paramedics fearl me. james hasjust arrived by - ambulance. paramedics fear sepsis. he ambulance. paramedics fearsepsis. he has put up with it for quite a while _ he has put up with it for quite a while as— he has put up with it for quite a while as a _ he has put up with it for quite a while. as a farmer, he has soldiered on but _ while. as a farmer, he has soldiered on but now— while. as a farmer, he has soldiered on but now he is really critically unwell — on but now he is really critically unwell. , , unwell. they find him space in the ambulance — unwell. they find him space in the ambulance arrivals _ unwell. they find him space in the ambulance arrivals zone. - unwell. they find him space in the ambulance arrivals zone. ideally, | unwell. they find him space in the i ambulance arrivals zone. ideally, we wanted to see _ ambulance arrivals zone. ideally, we wanted to see him _ ambulance arrivals zone. ideally, we wanted to see him in _ ambulance arrivals zone. ideally, we wanted to see him in the _ wanted to see him in the resuscitation room but there wasn't space _ resuscitation room but there wasn't space we — resuscitation room but there wasn't space. we have asked myself as a consultanl— space. we have asked myself as a consultant to come and see him at the front_ consultant to come and see him at the front door, so to speak. how lona will the front door, so to speak. how long will he _ the front door, so to speak. how long will he stay _ the front door, so to speak. how long will he stay in _ the front door, so to speak. how long will he stay in his _ the front door, so to speak. firm" long will he stay in his bay? the front door, so to speak. howj long will he stay in his bay? that is a aood long will he stay in his bay? that is a good question. _ long will he stay in his bay? that is a good question. as you can see, we are _ is a good question. as you can see, we are getting a bit of a rush at the moment. we are getting a bit of a rush at the moment-— the moment. we've got three ambulances — the moment. we've got three ambulances coming. - the moment. we've got three ambulances coming. even - the moment. we've got three - ambulances coming. even awaiting sace b ambulances coming. even awaiting space by the _ ambulances coming. even awaiting space by the doorway _ ambulances coming. even awaiting
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space by the doorway is _ ambulances coming. even awaiting space by the doorway is full - ambulances coming. even awaiting space by the doorway is full of - space by the doorway is full of patients on trolleys. and it is cold here. ambulances are gathering outside and another five are en route. this emergency department was openedin route. this emergency department was opened injuly 2023 and despite a state—of—the—art design, it has already been outgrown. the state-of-the-art design, it has already been outgrown. the reality is at times we _ already been outgrown. the reality is at times we are _ already been outgrown. the reality is at times we are still _ already been outgrown. the reality is at times we are still struggle - already been outgrown. the reality is at times we are still struggle to | is at times we are still struggle to cope with a number of people waiting so we do sadly have patients sometimes having corridor care. it isn't what we want to do, it is not something that we are proud that is happening but it is the best we can do in the circumstances. the happening but it is the best we can do in the circumstances.— do in the circumstances. the next mornin: , do in the circumstances. the next morning. the _ do in the circumstances. the next morning, the department - do in the circumstances. the next morning, the department is - do in the circumstances. the next i morning, the department is calmer. james was finally moved to a ward at 4am. and is leaving her ward soon. i got off quite lightly, in the circumstances. as got off quite lightly, in the circumstances.— got off quite lightly, in the circumstances. �* , , , ., ., circumstances. as she lives alone, doctors wanted — circumstances. as she lives alone, doctors wanted to _ circumstances. as she lives alone, doctors wanted to check _ circumstances. as she lives alone, doctors wanted to check she - circumstances. as she lives alone, doctors wanted to check she has i doctors wanted to check she has support in place. but after her lucky escape, she can't wait to get home. . ~ lucky escape, she can't wait to get home. ., ,, i. , , lucky escape, she can't wait to get home. ., ,, , , ., ,, home. thank you, everybody, thank ou, home. thank you, everybody, thank
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you. goodbye- _ now it's time for a look at the weather. hello there. after a wild wintry start to the new year, the weather story has quietened down. and in fact, we had sunshine topping and tailing the country. it was warm as well in eastern scotland, 16 degrees through the afternoon on wednesday in aberdeenshire, with eight hours of sunshine in cornwall. that is because we've got an area of high pressure with us, keeping things very quiet indeed. this weak weather front brought a little bit of showery rain into the northwest, but with light winds and clear skies, unfortunately, at this time of year, that allows fog to form. so we could have some dense fog around as we go through the early hours of thursday morning across parts of england and south wales. visibility dense in places, less than 100m, so there could be some disruption to travel first thing. this is where we're likely to see the fog. there will be quite a lot of cloud across southeast england, a murky start here, and more cloud up
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into the north—west. but sandwiched in between the two, where we've got those clear skies and the fog forming, temperatures may well fall just below freezing, so a chilly start to thursday as well. so as we go through thursday, the fog will gradually lift and thin. by around 11:00, we're expecting most of it to have eased away, some of the cloud across southeast england will break up, but it will stay rather grey. the best of the sunshine then sandwiched in between the two. that cloud continuing to be a nuisance across the far north—west of scotland. where there's cloud, we'll see 9—10 degrees. under clearer skies, you've got the sunshine, but a little cooler with 6—7 degrees. now, the high pressure is starting to drift its way over into europe, allowing these weak weather fronts to push in. so there will be some showery outbreaks of rain moving their way across scotland and perhaps northern ireland. a bit more of a breeze, hopefully breaking up the cloud, allowing for some glimpses of brightness into the afternoon, but generally a quiet day for many, and temperatures again between 7—12 degrees.
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now, as we move into the start of the weekend, the high continues to drift its way steadily east, and so the wind changes direction a touch. we lose the south—westerly, drag in more of the southeasterly, which will block this weatherfront from making that much of an impression, and it will also make it feel a little bit colder as we go into the weekend, so temperatures falling away once again.
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live from london. this is bbc news. in his farewell address, president biden warns of a dangerous israel's cabinet is due to meet to approve a ceasefire and hostage release deal with gaza. these are live pictures of families of the hostages gathering in tel aviv. the agreement ends 15 months of war, it is hoped. an initial truce is
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expected to begin on sunday. sir keir starmer arrives in ukraine to sign a new 100 year partnership to sign a new 100 year partnership to deepen partnership ties. in his farewell address, president biden warns of a dangerous new oligarchy taking shape in america. it literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to get ahead. we see the consequences all across america, and we've seen it before. and will it be second time lucky for blue origin's new rocket, on the launch pad in cape canaveral, but will it launch? i want to take you straight
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