the white house announces "a national energy emergency" — as president trump launches a package of pro—fossil fuels policies and vows to leave the paris climate agreement. the us could impose tariffs of 25% on mexican and canadian imports from february the 1st, donald trump said, as he signed a raft of executive orders. and markets are on the move as investors keep across trumponomics 2.0 — wall street is expected to open lower after the president's tariff threat against america's biggest trading partners. live from london,

this is business today. i'm sally bundock. donald trump promised he would get down to business on day one, and he certainly has! just hours after being sworn in as the 47th president of the united states he has signed a raft of executive orders with wide ranging policies. they cover all sorts including energy, immigration, tiktok and he talked of tariffs to be imposed on america's biggest trading partners in a matter of weeks. in his inauguration speech, donald trump promised a new "golden age of america", vowing to cut energy prices and tame inflation. from new york, here's the bbc�*s north america business correspondent michelle fleury. during his inaugural address, donald trump declared a national energy emergency, unlocking new powers. the move is meant to speed up domestic production of oil and gas and to help bring down prices. the inflation crisis was caused by massive overspending

and escalating energy prices. and that is why today i will also declare a national energy emergency.

so, lots to cover today and let's start with energy. as you heard, "drill, baby, drill," made it into the inaugural speech. trump said he will declare a national energy emergency, and repeated his promise that his administration will ramp up drilling of oil and gas on us soil. "america will be a manufacturing nation once again," he said, adding that america sits on "the most oil and natural gas of any nation on earth, and we're going to use it." he then signed an order to withdraw from the paris climate treaty as well as temporarily withdraw all areas on the outer continental shelf from offshore wind leasing. joseph brazauskas, senior counsel at bracewell llp who are specialists in energy law, underlined how important energy policy is for president trump. i would say that it's been

clear in the first 12 hours of this presidency that restoring energy... american energy, excuse me, american energy dominance is going to be a critical aspect of the trump administration. and what we've seen in these executive orders, as you know, is a acceleration of of permitting, an attempt to roll back regulations and, of course, a rescinding of the paris climate agreement and targeting, of course, some of the electric vehicle regulations and mandates that were put in place by the biden administration. so i think that, you know, what we've seen here on the first day is just the beginning. and a lot of the information that's contained in these executive orders, of course, are things that the federal agencies in the part of the cabinet will have to start working on.

you know, over the first 100 days of the administration. and what does this mean for the renewable sector in the united states, the green sector that was getting huge investment from the previous biden administration through the inflation reduction act? i mean, many companies have actually really started to invest in renewables in the us. and, you know, and there's, you know, contained in one of these executive orders is in fact a direction to the federal agencies to stop the funding of some of these projects that you're speaking of, these energy transition projects that are focused on green technologies. so certainly these executive orders and what the policy of this administration is going to be is very much promoting fossil energy, making sure that, that we are exporting not only oil, but of course, lng, liquefied natural gas. that's, i think, an important aspect of what we see in these executive orders.

but keep in mind that some of the relaxing of the regulations, as well as some of the permitting reforms that are contained in these executive orders could also benefit some of the renewable energy projects that that exist in the united states. so whereas, yes, the administration is planning on withdrawing and examining things like the offshore wind leases, i do think there are some opportunities for projects that are, you know, still in that green area that could benefit from some of these relaxing of regulations. our economics editor is at the world economic forum in davos, where global leaders were nervously watching trump signing all those executive orders. the one question being asked here, the one question that really matters at the world economic forum for the whole of the global economy is just how serious president donald trump is about his plans to tax

the trade or apply tariffs to large swathes of the world trading system. he said in his inaugural address yesterday that massive amounts would be raised for the us treasury from this policy. and on capitol hill, people are talking about several hundred billion dollars, perhaps over $1 trillion — a simply massive amount. and yet at the same time yesterday, he chose not to levy these extra taxes from day one. there will be a process of researching where they might best be applied. but it's notjust about the united states. such policies are already seeing pre—emptive rhetoric from the countries that might be on the receiving end, like canada, who is saying that they would retaliate against us exports into canada, which are really important. us executives here, some of the top ceos around, are anticipating that there would be a series of retaliations that could affect their business. but they're just hoping, they're assuming, because theyjust can't let it happen, that there won't be

a general universal tariff against all imports into the us. there's also an impact on the us dollar. people aren't sure if it's going to make the us dollar stronger, or in fact, the long term game here is a cheaper us dollar. the reaction of other countries matter, but really, donald trump's got some decisions to make. he addresses this forum live from the white house on thursday afternoon. faisal islam there gauging reaction in davos. so let's unpack this further. trump said he was thinking of imposing 25% tariffs on imports from canada and mexico starting on february the 1st. these are among america's biggest trading partners and the president's reason for imposing the tariffs is because he says they allow many people to cross the border as well as fentanyl. he also said he had spoken with canadian prime ministerjustin trudeau.

the mexican peso fell 1% after the announcement and the canadian dollar tumbled to a five—year low. so, what more can we expect in the coming days and what could it mean for the us economy and trade? christine mcdaniel, senior research fellow with the mercatus center former deputy assistant secretary at the treasury department, senior trade economist in the white house council of economic advisers, gave me her top thoughts on the economy. the us economy is in a good spot. unemployment is still, you know, relatively low. inflation, though, is stubbornly not coming down as quickly and as easily as the fed had hoped for. so he's got, you know, a couple headwinds coming in. he's got the tailwind in terms of, you know, good economy, but then he's got the headwinds of the stubborn inflation.

give me your thoughts, christine, because, you know, you have operated within the white house, etc, in the treasury department. why did he not slap tariffs on certain countries straightaway, which is what we were all anticipating? well, i mean, straightaway, february 1st is, you know, fairly straightaway for a lot of people. remember, i mean, companies do need, you know, a bit of a heads up on in terms of, you know, just getting ready for the tariffs. you know, this president, president trump, is regarded as fairly market friendly, business friendly. and he pays attention to the markets. he pays attention to the bond markets. and he realises, you know, companies do need a little bit of heads up on, you know, when they're going to actually have to start paying the tariffs. so, you know, february 1st is pretty, you know, pretty fast. you know, even considering that. 0k. but as you say, companies need time to take consideration, as do finance ministers, etc.

what are you expecting, the president to impose when it comes to tariffs? he's been fairly clear for mexico and canada, 25% on all goods going into the us. and what impact will that have? he wants to bring down the cost of living for american households. but that could be very inflationary. yeah, exactly. so 25% tariff coming in, you know, on all goods from mexico and canada. you just do the math on that. that's about $19 billion per month in tariffs paid. some of that will be paid by us consumers, us businesses. some will be paid by the exporter. it's usually a bit of a mix. but remember, this is on top, some of this is on top of existing tariffs. and it's not always linear. so, you know, as tariffs increase, sometimes the pass through to consumers gets bigger and bigger and bigger. and people forget this.

so it's, you know, we can't just take what's happened in the past and say, well, that'sjust going to happen again. this could be even more inflationary. we're already hearing from some industries that they were able to absorb some of the tariffs from the first round. they won't be able to do that moving forward. so it might be pretty hard to save us consumers from further tariffs in key consumer goods industries. around the world and across the uk, this is bbc news.

us markets were closed for the martin luther king day public holiday on monday, so the first reactions to trump's return to the white house were felt during asian trade on tuesday. and it was a mixed picture —

the nikkei is trading more or less flat while hong kong's hang seng is up a little more than a percent. but currencies are on the move. will walker—arnott, director of private clients, charles stanley gave me his view on the market reaction to all this. welcome to trump to put you in the markets. it has certainly been a volatile night. because of trump's unique abrasive negotiating techniques, i think this type of volatility we can expect throughout his second term. what happened yesterday? well, initially there a bit of a relief in markets when there wasn't any universal tariffs placed on trading partners and we saw a fall in the us dollar naturally if you look at s and p features they traded up quite nicely. this all turned to the oval office where those threats to tariffs on mexico and canada were imposed, then we saw a sharp rally in the us dollar

and also we saw markets falling quite sharply. but you're quite right, in asia markets, equities have been positive because so far they have stayed out of some of these threats of tariffs and it looks like tiktok is going to be pivotal in those negotiations with china. ~ . , ., , china. which is really interesting, - china. which is really interesting, don't - china. which is really| interesting, don't you china. which is really - interesting, don't you think? this is how the president operates, he's all about the deal, all about the negotiations, all about the threat and where it might lead. quite right, sally. often the barkis quite right, sally. often the bark is worse than the bike but it's all started the negotiation policy and the other market to pick on because it's important to inflation, all market, we saw all prices begin to fall overnight, which is positive for the inflation story and this is really down to the fact that actually he a signed executive orders to increase oil and gas production increase oil and gas production in the us and increased production will have an inflationary effect on oil prices.

inflationary effect on oil rices. �* . . , prices. and watching this because _ prices. and watching this because it _ prices. and watching this because it will _ prices. and watching this because it will be - prices. and watching this because it will be the - prices. and watching this i because it will be the chair prices. and watching this - because it will be the chair of the federal reserve in the united states because there is a lot of attention on when they might do next move with regards to interest rates, what are your thoughts? fix, to interest rates, what are your thoughts?— to interest rates, what are our thou~hts? �* ., your thoughts? a good barometer of what the _ your thoughts? a good barometer of what the markets _ your thoughts? a good barometer of what the markets are _ your thoughts? a good barometer of what the markets are feeling i of what the markets are feeling about donald trump in his second term is actually the us treasury yields. there were on a march post election to 5%, but yesterday, sir, last week, we had some respite from the fact that inflation data from the us came in lower than anticipated and us treasury yields have fallen to about 4.5% and have been pretty steady overnight so at the moment because there is no threat of universal tariffs, i think concerns over inflation have been mitigated. in the slew of executive orders issued by donald trump, one revoked a 2023 executive order signed byjoe biden that sought to reduce the risks that artificial intelligence poses

to consumers, workers and national security. trump's aim is to increase the us competitiveness in the global race to lead in al. but also, key to the race is resources for training and deploying ai, often called "ai compute". as artificial intelligence grows, so does the need for the large—scale computer resources behind it. so can trump win the ai race and who are the main challengers? mark minevich, an ai strategist and president of going global ventures, gave me his take. as president trump said today in america, the impossible is what we do best. it is establishing, really, america as the global leader in al by far, prioritising, as you mentioned, innovation, deregulation and infrastructure development. and of course, we have seen today the ceos of meta, of google, of apple, elon musk and they are there, they're very committed to make sure that america remains the leader, the champion of ai

transformation, of ai revolution. and it was something that was visible to the whole world. it was indeed. and married with those billionaire bosses, does that make america extremely hard to compete with? because our prime minister here in the united kingdom very recently launched an ai strategy and plan to put the uk up there as a global leader. i mean, all countries want to be the global leader in the ai race. at this point, the united states remains and even prior to president trump taking office, the key leader in al, 90% of the world's ai capabilities on the software side, on agent side, on large language models are in united states. the primary competitor, of course, is china and the us companies, specifically magnificent seven that you listed were all ultra committed to this transformation process. they are building, they're leading, and they are making

sure that they have proper infrastructure. they�* re making major commitments. up to $60 billion are going to be committed to infrastructure to what we called ai factories or ai data centres. and that's clearly important. whoever has compute, will win this revolution. the money needs to be ploughed into energy supply, though, doesn't it? because this is energy hungry on a scale that was not anticipated. yeah, absolutely. this is transformation which president trump is pushing forward is with deregulations. it's infrastructure investments. and of course, as you mentioned, energy expansion and united states would have to double its electricity capacity. it will have to focus on nuclear, possibly on improving its grid, and to make sure, because a massive amount of power will really have to power up those massive data centres across the united states to support

a lot of this advanced ai activity, which the public and also the companies with you, are going to be using so the plans across the united states and the world, to be honest with you, are going to be using so the plans are in place now. it's the question of executing, and you need a lot of power, to execute some of this major compute. president trump has signed an executive order granting tiktok a 75—day extension to comply with a law that requires a sale or ban of the platform. he says during that time, the united states will not enforce the law passed by congress last year and signed by former presidentjoe biden. when asked by a reporter why he's had a change of heart since trying to ban tiktok in 2020, trump responded, "because i got to use it."

he also talked about china's relationship with tariffs, that can be rolled into the tiktok negotiations. stay with us here on bbc news. stay with us here on bbc news. just hours after taking office, president trump has signed a series of executive orders — a written directive issued by the president to the federal government which does not require congressional approval. among them was a move to change the us government's policies on gender and diversity — one of the pledges laid out in his election campaign — our analysis editor ros atkins has more. the new president promised americans a revolution of common sense. this week, i will also end the government policy of trying to socially engineer race

and gender into every aspect of public and private life. applause the democrats would contest that that's been the goal, but the presidency�*s no longer theirs, and one line from donald trump was greeted with loud applause. as of today, it will henceforth be the official policy of the united states government that there are only two genders — male and female. the white house says president trump will... officials working with mr trump also say he will end diversity, equity and inclusion inside the federal government, stopping funding across federal agencies. here in washington, donald trump is using his new political power to reshape the government's approach

to cultural issues. and others may help, too. at the inauguration ceremony, in front of president trump's cabinet, sat the most powerful tech leaders in the world — the heads of apple, google, and amazon were there. so was elon musk, who owns x — and who frequently criticises the "woke mind virus". mark zuckerberg of meta was there, too — he recently stopped facebook�*s fact—checking operation and has said the corporate world has "moved away from masculine energy" and is "pretty culturally neutered". these men set the rules over which information is allowed and which has given prominence on some of the biggest digital platforms. ..supports taxpayer—funded sex changes for prisoners! during the election, trump's campaign spent millions of dollars running ads focusing on kamala harris and transgender issues.

donald trump argued to americans that democrats had their priorities wrong, and from day one, he's showing us a different approach. his critics say this risks increasing unfairness and prejudice, but to him and his supporters, it's common sense. ros atkins, bbc news, washington. in the summer of 2021, 35 puppies and a dog were rescued from a caravan in eastbourne after they were found living in what police called a state of squalor. four years on, their owner — who had already been banned from keeping pets — has been handed a two year suspended sentence for causing their suffering. our reporter fiona irving has been to see how the dogs are doing now. oh, look at that! oh, no, they're so thirsty. dehydrated, starving and just weeks old. when they were found,

these puppies suffered from infections and infestations. one — a dachshund — didn't survive. eddie, come here. but the others were all rehomed. come here. yeah! sit! meet eddie. he was one of the sickest puppies taken from the caravan. we got him and he had salmonella, he had some, like, joint issues going on. he had ringworm so there's, like — there were spots in his fur where it was falling off. all round, just not great. this is pepper. now three and a half, this feisty dachshund was hospitalised for weeks after her rescue. she had compiler bacter, which is a bacterial infection that's resulting from having lived in faeces, and eating raw food and

just general, really unwell. despite their rough start in life and the thousands spent on vet fees, all the dogs are now doing well. she's loving life. she's enjoying every minute. he's a gentle little giant dog. puppies that have at last found love. fiona irving, bbc news. nice to know a happy ending to that story. now it's time for a look at the weather. hello there. some rather stormy conditions await towards the end of the working week, but in the meantime, the weather is set to stay fairly quiet for the next couple of days or so. the best of the brightness and the sunshine on monday was again across northern ireland and for much of scotland, with some showers out towards the west, and with those light winds, then there were some areas of mist and fog around again, and that was slow to lift and clear. and it's more of the same again on tuesday. another chilly start.

temperatures in low single figures. here's the pressure chart. this weather front draped across central swathes from north wales into northern england, north midlands there, there'll be some showery outbreaks of rain. fog across some parts of england and wales, but that will be slow to lift and clear through the morning. but some brighter skies here. the best of the brightness, again, further north, across the far north of england, scotland, northern ireland, with some showers towards the west. and temperatures will be lower than this, where that mist and fog is very slow to lift and clear. and then through the evening and into wednesday morning, we'll see some more showers stretching from the channel islands all the way up through to parts of east anglia, potentially. a cloudy start to the day for england and wales, but temperatures just slightly above freezing. where we see the clear spells, though, more mist and fog and also a touch of frost into wednesday. but this is wednesday, you can see that area of low pressure across iberia just stretching up towards us. these weather fronts bringing showery outbreaks of rain for england and wales through the morning. but that's all clearing further eastwards. we should see something a bit brighter later on with a few showers

out towards the west. the best of the sunshine again will be further north and west through the day on wednesday. once again, temperatures not getting much past 4 to 8 celsius. and then it's all change, so something a lot more unsettled as we head into thursday with spells of rain. it will turn stormy, especially on friday, with a very deep area of low pressure. so some wet weather and also the potential for some strong disruptive winds at times. why is this happening? well, because all of that cold air across north america is helping to reinvigorate ourjet stream, which has been rather weak of late. but it will be strengthening, and that's going to help to propel all of these deep areas of low pressure our way as we head through friday and then through the weekend and possibly even into the start of next week too. so here's the outlook for our capital cities. wet weather across the board on thursday, and then possibly stormy conditions into friday and beyond. bye— bye.

live from london, this is bbc news. donald trump signs a series of sweeping executive orders as he begins his second us presidency. one of president trump's first actions has been to pardon more than 1500 of his supporters who stormed the us capitol four years ago. the president also announced new restrictions on immigration and asylum, signing executive orders declaring illegal immigration at the us—mexico border a national emergency and targeting birth—right citizenship. this is the scene live in washington ahead of president trump's first full day in office — we'll bring you the latest.

hello. donald trump has been sworn in as the 47th president of the united states. and he started his second presidency by signing a series of sweeping executive orders. this is the scene in washington where inauguration day has come to a close. but mr trump is attending the third and final ball of the evening. the starlight ball at union station. and we expected to head back to the white house soon for his first night as president, the second time around. so earlier, sitting behind his

desk in the oval office,