sworn in as the 47th president of the united states later. he's promised strong america first, tariff—led protectionist trade policies, with low taxes, looser regulation and less government spending. and he's 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? from new york, 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 bessent, 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? it's notjust getting one echo chamber, but actually having different views about what to do, what the impacts will be. and then he's going to 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. kathleen brooks is research director at investment platform xtb.

let start with the stock market. if you look at the numbers, that trump bump... just shy of record highs, markets like what is promising? markets tend to have a bias to any president who is promising to cut taxes and enforce swathes of deregulation on the energy sector, on the financial sector and also on crypto. there's not much for the markets to dislike at the moment. one thing they may not like is volatility. he is going to pass lots of executive orders very quickly, markets don't like change they like certainty. don't like change they like certainty-— don't like change they like certainty. don't like change they like certain . , ., ., certainty. they might have to be careful— certainty. they might have to be careful what _ certainty. they might have to be careful what they - certainty. they might have to be careful what they wish - certainty. they might have to| be careful what they wish for. given what he said about tariffs and particularly that could stoke inflection and affect global economic growth.

longer term it looks more difficult doesn't it? it’s longer term it looks more difficult doesn't it? it's very unclear and _ difficult doesn't it? it's very unclear and it _ difficult doesn't it? it's very unclear and it may - difficult doesn't it? it's very unclear and it may sound i difficult doesn't it? it's very i unclear and it may sound like difficult doesn't it? it's very . unclear and it may sound like a copout but we don't know what the future is going to hold because drum can be so different. yet on the one hand he's very focused on china, but the president of china was invited to his inauguration, so it's very unclear what going to have at the moment. one thing that trump does do is measure his success via the stock market. we've heard that before and we think that going to be the same again. so he may try and toe down his policies went to get into power if that threatens the stock market. inflation would be one way that that would threaten the return he looking for. it that would threaten the return he looking for.— he looking for. it could be a lot of talk — he looking for. it could be a lot of talk that _ he looking for. it could be a lot of talk that got - he looking for. it could be a lot of talk that got him - he looking for. it could be ai lot of talk that got him back into the white house, but the reality might be something quite different about the impact? i quite different about the im act? ~ �* , quite different about the im act? ~' �* , ., impact? i think there's not enou:h impact? i think there's not enough focus _ impact? i think there's not enough focus on _ impact? i think there's not

enough focus on what - impact? i think there's not enough focus on what elon impact? i think there's not - enough focus on what elon musk is doing, cutting government spending. government spending is incredibly high the us, they have a huge deficit. but it has been a huge trigger to economic growth. he's got very professional staff going into the white house this time. he's going to have to manage that. yes he wants to cut government spending, but he may have to rein in some of those tech pros. rein in some of those tech ros. . ~' rein in some of those tech ros. . ~ ,, rein in some of those tech ros. . ~' ,, ., ~ pros. thank you we will talk aaain pros. thank you we will talk again when _ pros. thank you we will talk again when we _ pros. thank you we will talk again when we start - pros. thank you we will talk again when we start to - pros. thank you we will talk again when we start to get. pros. thank you we will talk| again when we start to get in more detail. the uncertainty around the details of donald trump's tariff plans will no doubt be focusing minds at the world economic forum in davos this week. 60 world leaders are expected to attend and donald trump will address the conference on thursday. this year's theme is "a call for collaboration in the intelligent age". a reference there no doubt to the rise of artificial intelligence. i'm joined now by mirek dusek, the managing director of davos 2025, at the world economic

forum. good to have you here. explain that for me. explain the title. are we right in assuming it's about al?— are we right in assuming it's about al? , ., , about al? the theme is really dra: tlnt about al? the theme is really dragging two _ about al? the theme is really dragging two big _ about al? the theme is really dragging two big forces - about al? the theme is really dragging two big forces that l about al? the theme is really i dragging two big forces that we believe are changing the world economy right now. on the one hand it is the unique time we're living through now in terms of technological advancement and innovation, which we are trying to capture with the concept of intelligent but were also tracking for the fragmentation of the international system geopolitically and we take a more front foot approach to this. so underlying the proceedings here will be a sense of how can all stakeholders within society around the world have agency

around the world have agency around some of these forces that are applying to the world economy. i5 that are applying to the world econom . , ., that are applying to the world economy-— economy. is it fair to say the world economy _ economy. is it fair to say the world economy is _ economy. is it fair to say the world economy is at - economy. is it fair to say the world economy is at a - economy. is it fair to say the | world economy is at a pivotal stage not least in terms of inflation, we know that trade draws are on the rise, geopolitical issues affecting around the world, and of course the big event today the inauguration of donald trump... how will world leaders and particularly business leaders be assessing this?— particularly business leaders be assessing this? through our research overall, _ be assessing this? through our research overall, over - be assessing this? through our research overall, over the - research overall, over the years, you are seeing shifts in the world economy. we are in that moment, some would say we are on the cusp of... it is undeniable... it is not only around the deployment of certain policy tools including tariffs that you mention, but

also, for example, industrial policy has come in from the cold... changing geography of trade and supply chains. but of course the innovation picture, what we are trying to capture with the intelligent age is equally transformative for the world economy and i think what is really quite interesting and what we're trying to capture really, with this concept is not one technology that is exponentially going to market, but all sets of technology that are interacting with each other and changing industry and society. and of we are also upping at opportunities and risks. president trump, as we are announcing we are privileged to have him interacting with the proceedings with the participants in a live video

link on thursday in a busy week. as you said today as the inauguration so it is a busy week and we are very happy that he is engaging with us and with the participants on these topics in this first week in office. ., , topics in this first week in office. ., , ., ., ~ ., office. really good to talk to ou office. really good to talk to you thank — office. really good to talk to you thank you. _ office. really good to talk to you thank you. that - office. really good to talk to you thank you. that is - office. really good to talk to you thank you. that is how l office. really good to talk to i you thank you. that is how your business looks now we will hand you back to martin we have some breaking news to give you now regarding the man who is due to stand trial today in liverpool crown court charged with killing... girls in a knife attack at a southport dance class is due begin today. he has pleaded guilty. the

beginning _ he has pleaded guilty. the beginning of— he has pleaded guilty. the beginning of the _ he has pleaded guilty. tie: beginning of the trial has been delayed for an hour. at 1130 the judge delayed for an hour. at 1130 thejudge here delayed for an hour. at 1130 the judge here at the crown court asked for axel rudakubana to be brought into the dock. the charges were read out to him and he intimated through his solicitor that ever as every charge was read out that he was changing his plea from not guilty to guilty. that means that in total he has been found guilty of the murder of three young girls. , the attempted murder of eight others, the possession of a knife and a number of other charges all relating to what happened on the 20th ofjuly last year. he was charged with the murder of bebe king... rude

ikebana went in with a knife and started attacking children. five were critically in the with that in the attack and he was charged with the attempted murder of all of them as well as the attempted murder of two adults. he was also charged and is now pleaded guilty to possessing a kitchen knife with a knife blade in a public place. he was also convicted of the production of a biological toxin, namely rising and the possession of information likely to be used to a person preparing an act of terrorism.

this case was due to last for two to three weeks, and right up two to three weeks, and right up until today everything had been suggested that he was going to plead not guilty and going to plead not guilty and go through a trial. he has change that. just repeat the news at liverpool crown court, that axel rudakubana who is 18 years old has pleaded guilty to all the charges involving the death of three young children at that dance class in southport last year. this was auoin to southport last year. this was going to be _ southport last year. this was going to be a _ southport last year. this was going to be a very _ southport last year. this was| going to be a very distressing trial, notjust for the trial, not just for the families trial, notjust for the families of these are girls but wore the wider community as well? ~ , ,., , wore the wider community as well? ~ , , ., , �* wore the wider community as well? ~ , �* , ., well? absolutely. i've been to southport _ well? absolutely. i've been to southport over _ well? absolutely. i've been to southport over the _ well? absolutely. i've been to southport over the last - well? absolutely. i've been to southport over the last few i southport over the last few months�* time after time and it is a community and a town that is a community and a town that is still hurting from what happened. right the way through the winter there have been flowers left, there has been a book of remembrance in the town. it�*s really, really

affected the people in the town there. it�*s notjust the families, although it will affect them more than anyone else, of all those people that were hurt and those that were murdered in the attack, but it�*s all that whole area. it�*s everybody there. everybody who has something to do with it. it is a type of small seaside town on the lancashire coast where everybody knows everybody else. and this really hurt and hit them hard. in some ways they have been preparing for this trial knowing that it would be painful because it would go through all the evidence that was heard, but they would have had a couple of weeks before we knew what was going to happen in terms of a jury finding him guilty. ajury was not in terms of a jury finding him guilty. a jury was not even sworn in because these changes of plea pre—empted the jury coming in and so when axel rudakubana pleaded guilty this morning it meant those proceedings were over. we will

find out the sentencing details later. but it has taken everybody by surprise including the police officers who have been involved in this investigation from the start. for the moment thank you very much. let�*s speak to our home affairs correspondent. a guilty plea on three counts of murder. automatic life sentence in this case? , , ., , case? yes it will be. i was watching _ case? yes it will be. i was watching on _ case? yes it will be. i was watching on remote - case? yes it will be. i was watching on remote link l case? yes it will be. i was l watching on remote link on case? yes it will be. i was - watching on remote link on the present— watching on remote link on the present proceedings. two things are very— present proceedings. two things are very striking. axel rudakubana didn't even confirm his name — rudakubana didn't even confirm his name. he refused to confirm his name. he refused to confirm his name — his name. he refused to confirm his name and his barrister had to talk— his name and his barrister had to talk to _ his name and his barrister had to talk to him at the back of the dock_ to talk to him at the back of the dock and then go and confirm _ the dock and then go and confirm that they were prepared to go— confirm that they were prepared to go ahead on the basis that this was— to go ahead on the basis that this was axel rudakubana in the dock _ this was axel rudakubana in the dock he — this was axel rudakubana in the dock. he asked for all their charges _ dock. he asked for all their charges to be put again and then— charges to be put again and then all_ charges to be put again and then all 18 charges were put

againm _ then all 18 charges were put again... sorry all 16 charges. and — again... sorry all 16 charges. and he — again... sorry all 16 charges. and he did _ again... sorry all 16 charges. and he did plead guilty to all of them _ and he did plead guilty to all of them. that means there is an automatic— of them. that means there is an automatic life sentence. he is over_ automatic life sentence. he is over 18 — automatic life sentence. he is over 18 and he has obviously been — over 18 and he has obviously been convicted of three murders and ten — been convicted of three murders and ten attempted murders, eight — and ten attempted murders, eight of— and ten attempted murders, eight of those of children, but he cannot— eight of those of children, but he cannot qualify for a whole life tariff _ he cannot qualify for a whole life tariff because if you are under — life tariff because if you are under 21 _ life tariff because if you are under 21 you don't qualify for a whole life tariff. so you will — a whole life tariff. so you will have a minimum term set within— will have a minimum term set within that life sentence. but this conviction of axel rudakubana although it brings a finality— rudakubana although it brings a finality to who it was that killed _ finality to who it was that killed those little girls, not that — killed those little girls, not that there was very much doubt about— that there was very much doubt about it. — that there was very much doubt about it, but that it was murder, _ about it, but that it was murder, it wasn't a mental—health defence murder, it wasn't a mental— health defence that would — mental— health defence that would have found him to fountain get guilty of manslaughter. it's only going to be — manslaughter. it's only going to be the _ manslaughter. it's only going to be the start of the agonising discussions about this case. axel rudakubana

wasn't _ this case. axel rudakubana wasn't an unknown he wasn't someone _