trump calls the chinese ai app deepseek a wake—up call for the us tech industry, as its rising popularity spooks wall street. plus, with the lunar new year upon us, we take a look at how the world's second—largest economy is staying on track. hello and welcome to business today. i'm steve lai. we begin in the us, with nvidia losing nearly $600 billion in market capitalization on monday. that's the biggest one—day loss in us history. the sell—off was spurred by the rising popularity of a low—cost chinese artificial intelligence app — deepseek, which is presenting increased competition in the global ai battle.0ur north america business

house. the release of deepseek ai from a chinese company should be a coalfor f-f 7-7 that we 7 to be laser is that we need to be laser competing to win. deepseek�*s r1 model impressive. for updates throughtout

the day, please head over to our website bbc.com where you can get more details on the live page. on the live page. in other news — us president donald trump told reporters on monday that microsoft is in talks to acquire social media platform tiktok. he also added that he would like to see a bidding war over the app, which was set to be banned earlier this month. it comes nearly a week after trump signed an executive order granting tiktok a 75—day extension to comply with a law banning the app if it is not sold. the lunar new year is just around the corner, and in china, where it's called the spring festival, many families are preparing for many families are preparing for the biggest holiday of year. the biggest holiday of year. it's also one of the busiest shopping times of the year, with many households buying new furniture, clothes and so on. the government recently expanded a trade—in scheme to include household appliances, to boost consumer spending. harry murphy cruise from moody's analytics explained if he expects the economy to benefit from that. household consumption has been a key focus for the last couple of months now. back in december after the central economic work

conference listed it as the number one priority for this year. that has taken a number of different, i suppose, avenues to achieve that goal. things like trade in schemes that you mention, there has been expansion of consumption vouchers, so giving households the ability to spend money on things like dinners or going to the movies, that type of thing, trying to really grease the wheels of households keenness to spend. really though those are temporary or sugar hit boosts to consumption. what we want to see and what officials are starting to implement more and more is some of the wider, longer term structural challenges that are inhibiting household consumption in china.

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yellow weather warnings, and the uk's number one. today marks 80 years since the liberation where more thani million men, women and children died that hatred only begets more hatred. to the middle east now. tens of thousands of displaced palestinians are returning

since the ceasefire deal came into force, seven hostages time to get a bit messy with ten seconds of the uk's new number one, it's lola young. she's on a bit of a roll at the moment. last week also saw her nominated for a brit award. have a great night. hello and welcome to sportsday. i'm will perry. here's what's coming up.

the kansas city chiefs prepare for their third succesive find out why ruben amorim says he'd rather give a place an unprecedented third successive title, after coming

but you are at a different stadium, and then being able