and feel like you're in a rut? well, you are not alone. today is blue monday — the most depressing day of the year. but don't despair, we'll get top tips on how to cope. this is business today. let's start in the us where tiktok is back online after a brief shutdown left millions of users unable to access the chinese—owned app. in a message to users, the social media platform praised president—elect donald trump after he pledged to restore access for american users on his first day in office and vowed companies that distribute and host the platform would not be held liable for violating a us ban that came into effect on sunday. trump says he is now a fan of the short—video platform

despite calling for it to be shut down during his first term in office. our reporter suranjana tewari is outside the head office of tiktok�*s owner bytedance in singapore. nice to see you. so what is the latest? , �* , latest? yes, it's quite complicated, - latest? yes, it's quite complicated, isn't - latest? yes, it's quite complicated, isn't it? | latest? yes, it's quite - complicated, isn't it? tiktok is owned by a chinese company called bytedance. the company is headquartered here in singapore, the building is right behind me. and one of the reasons it's headquartered here is because it has over the past few years, it's tried to distance itself from its chinese owners. and sort of put its headquarters in a very global city to say this is a global city to say this is a global company, there's no concerns about sharing information with china's government. that is a concern that's been raised in the us for several years now. that was behind a law that was passed by

congress last year, it had bipartisan support, to try and force a sale of tiktok�*s us operations, orface a ban. now, that law was due to take effect on sunday, but at the last minute, after tiktok said it has no choice but to go dark and that's why users in the us were unable to access the app on saturday night, by noon on sunday, the app was back, and there was a praise on the p°p�*up there was a praise on the pop—up that people got, saying donald trump has given reassurances to try and get the service started again. the question _ service started again. the question is _ service started again. the question is what - service started again. the question is what happens going forward? because, of course, this is just a forward? because, of course, this isjust a reprieve. and the ban was upheld by the supreme court. and donald trump is talking about continued chinese ownership but with particular firewalls in place for us users. also there's talk about the us having a 50%

ownership position in a joint venture? so there's a lot to discuss going forward, isn't there? ~ , �* discuss going forward, isn't there? ~ , ~ discuss going forward, isn't there? , ~ ._ there? absolutely. and so many auestions there? absolutely. and so many questions around _ there? absolutely. and so many questions around donald - there? absolutely. and so many| questions around donald trump's intervention. firstly, this is a law. so, it's not really clear if he actually has the powers to reverse a ban. you'll remember last week the appeal actually went all the way to the supreme court and actually there's no sort of provision for the president to reverse a ban once the supreme court has ruled on it. having said that, there is the option of an executive order and that's what president—elect trump has said he'll do as soon as he takes office on monday, to try and extend the implementation rather of the ban. the other option is there's a 90 day period baked into the law, but there's only way for the 90

days to be implemented, and that's if a deal is really on the cards, that's something that donald trump has alluded to. he actually said he would seek a deal with the us government having a 50% stake in an entity involving tiktok. so lots of unanswered questions. but again, i must say that this has been going on for many years now, lots of concerns over in the us, all of which tiktok denies. and it has taken a lot of steps, including moving its headquarters from beijing to singapore, to try and address some of those concerns. and address some of those concerns-— and address some of those concerns. ., ., ., ~ concerns. ok, for now, thank ou so concerns. ok, for now, thank you so much- _ you so much. 0utside you so much. outside the global headquarters of bytedance, which is the owner of tiktok. i'm joined by jasmine enberg, vp & principal analyst at emarketer. let's get to the crux of this. do you think that tiktok is a national security concern? well, lawmakers certainly do think so. that's why we're in

the position we are today. donald trump, though, with his new suggestion that there's a 50/50 joint venture between the us and china is giving a proposition that wouldn't solve the national security concerns that the us government has laid forth, because china could still have access to the data and potentially the ability to influence public opinion on the app. and so, as your reporter was mentioning earlier, there's still a lot of unanswered questions and the solutions that have been set forth don't solve the problem at hand, which is national security. even the proposal of a particular fire wall to ensure the apps data is protected on us soil, that wouldn't work either in your opinion? hat either in your opinion? not necessarily. _ either in your opinion? not necessarily. there's - either in your opinion? iirrt necessarily. there's so many different considerations here and one of the first ones of course that trump had mentioned

was having an order executive order to give more time for tiktok to find a buyer. it's not a long—term solution. and either way, we're going to continue to see this saga play out. , ., ~' continue to see this saga play out. ~ ., continue to see this saga play out. i. ~ ., ., , out. do you think all of this has actually _ out. do you think all of this has actually increased - out. do you think all of this has actually increased the i has actually increased the numbers of people who are on tiktok and using tiktok, etc? it was certainly a brilliant marketing play both for tiktok and for donald trump. i mean, ijy and for donald trump. i mean, by voluntarily shutting off access over the weekend, tiktok was able to demonstrate just how popular the app is among its users. we saw so many people taking to other apps, really expressing sadness, sometimes silliness, and being distraught over the app not being accessible. trump of course is emerging as a save —— saviour in able to "save the app" and expressly credited

with the pop—up notification that tiktok sent out. do with the pop-up notification that tiktok sent out. do you think bytedance _ that tiktok sent out. do you think bytedance will- that tiktok sent out. do you | think bytedance will consider the us having a 50% stake? we don't mean the overall business across the world, we're just talking about the us operations, we assume. bytedance has been clear so far it does not intend to sell. it is unclear how it will respond to having a 50% stake in the us operations. but trump also did recently say the us wouldn't pay for its share. it's unlikely to me that china would agree to that kind of a deal. jasmine, thank you for your time. we should keep a very close eye on the new developments. but now let's turn our attention to the day ahead in washington dc. donald trump has promised a strong america first, tariff—led protectionist trade policy with low taxes, looser regulation and lower government spending. donald trump has promised a strong america first,

tariff—led protectionist trade policy with low taxes, looser regulation and lower government spending. and he is expected to hit the ground running with a promise to sign a blitz of executive orders on his first day as president, telling supporters he would move with historic speed and strength in the hours after taking the oath of office. so who are the people that will shape what some are calling trumponomics 2.0' his team is dominated by businessmen, including several billionaires. how will they work together? and how will they reshape the american economy? from new york, our north america business correspondent, michelle fleury reports. so, the next trump administration is here. what will the president and the many members, formal and informal, of his government get up to this time? everyone wants to know. when it comes to the economy, think of them as trump's class of 2025. in the first group are the clean cut, mainstream bunch, the wall street guys. scott bessant, a hedge fund leader, will be treasury secretary.

kevin hassett, a senior adviser in the first trump administration, will lead the national economic council. and well—known wall street figure howard lutnick will be commerce secretary. these men are familiar to the market and share high finance's love of free trade and deregulation. but they may bump into this next bunch — the subversive outsiders, the america first crowd. trump's once—jailed former aide peter navarro is a trade adviser. jamieson greer is due to be us trade rep. he played a key role in imposing tariffs on china during trump's first term. like their boss, these guys love tariffs and protecting us industry — not always to everyone's taste. and then, there are the newest faces in trump world, the cool kids — or are they the geeks? — the tech bros. elon musk and vivek ramaswamy aren'tjust running the so—called department of government efficiency, they're also from the heart of silicon valley and reflect

donald trump's fresh enthusiasm for the tech sector and crypto. so, how will these very different agendas be made into one? he's notjust getting one echo chamber but actually having different views about what to do, what the impacts will be and then, he's gonna make the decision — as is rightly his decision. we know from his first administration that donald trump likes a white house full of different factions, struggling in loud disagreement. it seems that when it comes to his economic team, he's done that again — which could lead to all sorts of fallings—out in the global economy. michelle fleury, bbc news, new york. joining me now is terry haines, founder of pangaea policy. good to see you again. so michelle talking through trump's team and what that means. today, obviously, it's

not quite today in the us yet — but when things do get under way in washington dc, executive orders signed today, what will they be when it comes to the economy, do you think? filth. they be when it comes to the economy, do you think? oh, i think, sally. _ economy, do you think? oh, i think, sally, there _ economy, do you think? oh, i think, sally, there will - economy, do you think? oh, i think, sally, there will be - think, sally, there will be lots of executive orders relating to the economy. first and foremost a variety of tariffs, china and elsewhere. and i think the markets believe that scott besett, the incoming treasury secretary is very likely the person that mitigates the bluster of trump on this. but there's still a fair amount on this. but there's still a fairamount of on this. but there's still a fair amount of tariffs. i think you'll get, beyond that, what you'll get, beyond that, what you'll see is an increased use of emergency powers, that i think markets are not quite prepared for, on energy and a bunch of other things. i think markets also are not prepared for the degree to which trump economic policy will be influenced by geopolitics and national security. they haven't

seen that since the cold war and that all will be new to them. but it will be essential for the trump people to not only use the economic power to help the geopolitical vision but also pump of defence and defence industrial base to make sure we have the ability in the united states to continue to supply our allies and supply ourselves. figs supply our allies and supply ourselves-— supply our allies and supply ourselves. as you say, today . lobal ourselves. as you say, today global leaders _ ourselves. as you say, today global leaders will _ ourselves. as you say, today global leaders will be - ourselves. as you say, today global leaders will be braced j global leaders will be braced for what is to come. whether any be the trade representatives, finance ministers, those caring for economies. a lot has been said about the impact of trumponomics 2.0. the imf issued a warning at the end of the last week, what's your outlook?— the last week, what's your outlook? g , ., , outlook? my view is generally that, you _ outlook? my view is generally that, you know, _ outlook? my view is generally that, you know, initially, - that, you know, initially, certainly it all will be very positive for markets. markets are waiting to unleash animal

spirit, so i think they'll do, firstly. secondly, what trump wants to have happen in the first day really is to show energy and focus. he'll do that and markets expect that energy and markets expect that energy and focus, particularly after four years of inflation ary drift, frankly. so they'll be off to a very good start. but markets are also going to have to understand and will understand i think very early that a lot of the things they're looking for, tax and they're looking for, tax and the like, will take quite some time and won't go quickly. thank you once again for your thoughts and analysis. we'll see you again, i'm sure. as the trump presidency gets under way. as we mentioned, full live coverage of the inauguration here on bbc news with a special programme coming from washington starting at i2gmt today. chinese property developer

country garden faced a liquidation hearing in hong kong on monday, after reporting a $24 billion loss in 2023. but, the hearing was adjourned until may 26, as the company is looking for more time to try and reach an agreement with creditors in order to restructure its debts. country garden is one of a number of struggling property developers in china and its shares remain suspended from trading in hong kong. when we come back — donald and melania trump are coining it! they've launched rival memecoins that soared in value as enthusiasm for all things crypto rockets. around the world and across the uk. this is bbc news.

more now on what donald trump has been up to in the run up to today's inauguration. on friday evening the

president—elect launched his own cryptocurrency — appropriately called trump — using the dollar symbol and it sparked feverish buying that sent its market capitalisation soaring to several billion dollars. meme coins have no economic or transactional value, and are often seen as a means of speculative trading. the total value of this memecoin soared to more than $14 billion over the weekend, before sinking following the launch of a rival coin by his wife melania. her coin had surged to a market cap of $8.5 billion by the evening. marc 0stwald, chief economist & global strategist. joins me now. we knew the trump presidency wouldn't be dull, but who would have thought they would have

done this before the inauguration?- done this before the inau:uration? v , . , inauguration? it's capitalising on t