tariff turmoil. but nerves are eased as president trump agrees can the prime minister �*reset�* relations with the european union and stil keep britain's but his biographer tells me the �*bromance�* welcome, this is business today and i am ben thompson. we will on the stock markets. a couple of hours ago.

a "deal" with mexico to pause the taxes for a month. our north america business correspondent, ritika gupta, has been trying to keep up. give us a sense of what has gone on so far today because down on 77 down on that opening sharply down on that nervousness, but some that may be the reassurance that may be the president is willing to listen, things change? �*things change? - ben. we if things change? 2 ,7,7::; seeinu stocks if things change?§ - seeing stocks reversed f if things change?§ - seeing stocks reversed some losses, as you of those losses, as you mentioned, a slight reprieve ”22 seeing stocks there, but still seeing stocks down in the red after the —nd anngunzgmgnt gt tariffs £1112" """*"”""'*”"’ of anngunzgmsnt gt tariffs amiw' ' " of course anngunzgmsnt gt tariffs ahq�*w'” ' " of course fast changing then of course, fast changing with the announcement moves with the announcement that the tariffs of mexico will be delayed �* a that the tariffs of mexico will be delayed �*a month. the big beét'areé ffi- a �*fi�*th that-z avg though, is he'éat-zlsa'geé ffi- a �*fi�*th thc-z his though, is how he'éat-zlsa'geé ffi- a �*fi�*th thc-z his though, is how long question, though, is how long will these tariffs last? we see

trump and perhaps trump negotiating and perhaps coming out, will there be some earning seat; will there be m—fmflf'r—wmf mm earning eat; willthere be “if“ ~ , ~ , along the way? 7 man” ’ ain'iiéifiléf 7 7fiiniiéif7fisd7ie7§aed77 will cause to americans and for the the question 7 the question about7 mgrkets the duesticm'isabaui threat to the ongoing threat to inflation. goldman sachs has "f'at'm ”cum” cachs�*w’ ,,, "h' m ,, ,,, there could "f'atc" rc'fma" sachst’ ' ”h' m ,. m there could be a 5% said there could be a 5% slumped to stocks in coming slumped tostccks lathe coming as a slumped tastdcks lathe coming as a result of the map months as a result of the map tariff. berkeley is —: éieeeegffa. it leadto it 7 lead toa estimates it could lead to a drag on company earnings. 2.8% drag on cempany earnings. big ' 2.8% drag on cempany earnings. big concern here that a big concern here that companies will also have to these costs onto consumers oass these costs onto consumers the consumer a big and the consumer being a big part of making up america's gdp. yes, and the inflation issue very _ gdp. yes, and the inflation issue very true _ gdp. yes, and the inflation issue very true as - gdp. yes, and the inflation issue very true as well - gdp. yes, and the inflation | issue very true as well when gdp. yes, and the inflation i issue very true as well when it comes to oil, and we know oil rising again tariffs 7 7 tariffs 7 canada. tariffs 77 canada. all market people this leading market people wanting to say all these tariffs could tariffs eeetdee" ” h could make self—defeating, could make things expensive for

and american consumers and therefore a problem for president trump?- therefore a problem for president trump?)!ese “she , 7 iron . as president trump?,yese “she , w iron . as we see president trump?,yese “she - irony. as we see with these president trump?7yese “she - irony rising, see with these president trump?,yese “she - irony rising, this with these president trump?,yese “she - irony rising, this is th these oil prices rising, this is further stoking fears of ”prices 7 7 7 7 7 7 7 m prices risin- inflation and oil prices rising off the back of that 777777 77777 it is it is ironic, as mentioned, because this is i mentioned, because this is kind of in contradiction to one of trump's key objectives, kind of in contradiction to one of tru was key objectives, kind of in contradiction to one of tru was a ey objectives, kind of in contradiction to one of tru was a lowering ives, which was a lowering energy we heard trump davos a couple of ago davos a couple of ago dav asking jple of ago dav asking 0pec»f ago dav asking opec to supply lav asking opec to supply in asking opec to prices low. this is oil prices low. this is something that the president oil prices low. this is something that have �*esident oil prices low. this is something that have control doesn�*t actually have control canada actually doesn�*t actoally have control canada actually being the —:: of foreign 77 of foreign oil biggest source of foreign oil imports to the us, they imports to the us that want 7 . w... w, . e. 4 imports to the us theyheeezte we . ,,, we. . 4 million iraoerts to the us twiazeert— we — —~ ~—— — 4 million barrels of oil a some 4 million barrels of oil a day canada, so there is day from canada, so there is concern that this would cause some supply and some supply disruption and could lead to higher some supply disruption and could _ higher- some supply disruption and could 1- high— some supply disruption and could hiuh , ' ., ~ for now, prices. 2522572??? s for now, kee m 7and7 and we 7a7nd7we7wil7l77 7 7 77 7a7nd7we7wil717talk7 7 7 7and7we7wil7l7talkto77 7 7 and we7will talk to7you we will talk to a senior

analyst at city now. what do you make of what has gone on analyst at city now. what do you afternoon? at has gone on analyst at city now. what do you afternoon? quite gone on analyst at city now. what do you afternoon? quite the e on analyst at city now. what do you aftt because juite the e on analyst at city now. what do you aftt because if ite the e on analyst at city now. what do you aftt because if ite ' starton listen 7 listen to 7 to listen to what president trump is and this is to listen to what president trur quite and this is to listen to what president trur quite often, and this is to listen to what president trur quite often, it|d this is to listen to what president trur quite often, it is this is to listen to what president trur quite often, it is about true quite often, it is about political positioning, not the economics all this and that has played today as well? out today as well? 22 ’ what has out today as well? - what has played out :-—::* the marke 7the market was quite today. themarketwas quite we had that suféfiiéfi fifiéfi. lee. haa�* fiat. at sufeflsee fifiéfi. lee. haa�* that at the eororisea�* fifiafi lee. haa�* fiat. at the and saw that reflected in we saw that really reflettea’ ih. sell—off we saw that really retlettea’ ih. sell—off we we aaa that really refletted ih. sell—off we saw today. that sell—off we saw today. there had been a sense that may be trump was laughing previously when he was talking about trade tariffs and that 777717>f7 . . . 77 7 7of7surprised7 7 7 7777of7surprised7the 7 7 77 7 7of7surprised7the mark7et sort of surprised the market. - that wasn't the case and that wa'sh'tthe case when opened, but the this has developed is a very it honestly a very fluid story, it has developed and there has been a actually been a sense that actually maybe trump is to been a sense that actually maybe trump is that to been a sense that actually maybe trump is that has negotiation and that has resulted in an in negotiation and that has resl sentiment in in negotiation and that has resl sentiment in the in negotiation and that has resl sentiment in the markets. have seen quite a turnaround

tale. haveseerrqote ataraa'raa'ad of global equity and als77o the us markets and also the us dollar. the dollar was trading much the us dellarwas—tradiag mach �*as the us dellarwas—tradiag mach �* as we to st higher as we open to trade st today and it is actually down the day already. us stocks have definitelypickedap from their point. i5 definitelypickeddp from. - ~' oint. , , definitelypickeddp from. - ~' oint. , as well, teal eetateg -as well, fiona, "~ ofifl�* -. as well, fiona, for call as well, fiona, for investors to remember that there is a new at there is a new inhabitant at there is a new inhabitant at the white house and things can quite 7 quite quickly 7 7777777 777777 quite quickly and 7 quite quickly and quite fiaf�*aa aaiaaa'éte'a at”? aaaa so fiafifia aa�*aa�*f'éa'ar afia aaaa so therefore, fundamentally and so therefore, for the four years, at fundamentally and so therefore, for thl they're »ur years, at fundamentally and so therefore, for thl they're going ii’s, at fundamentally and so therefore, for thl they're going to, at fundamentally and so therefore, for thl they're going to have to least, they're going to have to be on their toes? definitely, it does feel _ be on their toes? definitely, it does feel like _ be on their toes? definitely, it does feel like there - be on their toes? definitely, it does feel like there is - be on their toes? definitely, it does feel like there is a i it does feel like there is a new era that is approaching we have been77very on quite 7 on quite a 7 on quite a run much on quite a bullish run recently over past couple recently over the past couple of but there is now this of years, but there is now this level of unpredictability, this of years, but there is now this level of uncertainty, .ity, this of years, but there is now this level of uncertainty, which iis level of uncertainty, which traders are now going to have to start accounting for and positioning for. i think we are see a 777777s7ae7a7slight77 77 7 572573 7slight7c7har71g7e7 77 7 sae7a7slight7c7haage in was that -otentiall we the way that potentially we start looking at the markets, with the sense that there is

always perhaps more the with the sense that there is always pe that more the with the sense that there is always pe that the re the with the sense that there is always pe that the downside possibility that the downside risk be but i possibility that the downside risk for be but i possibility that the downside risk for the but i possibility that the downside risk for the time but i possibility that the downside risk for the time b we a little bit are seeing a little bit of optimism that may be is a optimism that may be there is a way forward, but broadly speaking, yes, ithink way forward, but broadly speaking, yes, i think this is way forward, but broadly speaking, time think this is way forward, but broadly speaking, time fornk this is now. street now. fiona cincotta there joining _ street now. fiona cincotta there joining us _ street now. fiona cincotta there joining us with - street now. fiona cincotta there joining us with the l there joining us with the and we will keep a close latest and we will keep a close of course on the of 9.31.9.“ course on the fallout of decision now to pause 9.31.9.“ course on the fallout of c tariffs now to pause 9.31.9.“ course on the fallout of c tariffs en w to pause those tariffs en mexico. but let's talk about this lat? tali�* a�*ff�*at “h'a aa=aaaa uk, late tam aaeat th'e ae=aaee uk, a lat? tali�* at“? h“? aa=aaaa uk, a big question the the uk. a big question for the is... now can the uk achieve a �*reset�* in its relationship with the european union? that's the hope of prime minister sir keir starmer in brussels today — it's the first time and security co—operation the last half—hour he has been giving a press conference with the nato secretary general, mark rutte. the nato general. mark. ltatte. the math . w . - . secretary geaeral. mark. ltatte. the math ~~ ........ . ~ . secretary asked geheral. mark. ltatte. the math ~~ ........ . ~ .

secretary asked sir general secretary asked sir keir starmer if you would have choose between europe and delay that always been the and be the case for many and will be the case for maaa— fl — .- ---- .. ..-. that and will be the case for maaa— ee . .- eeee .. ..-. that is why in years to come. that is why in discussion with president have a—7,7_ h 7 have wouched z:- 7of trade and of trade and on issues security. both very of security. both very relation to trade important in relation to trade we already... between the that weatready. between the countries, that waatready... between the countries, but that weatready. between the countries, but also the and intelligence security and intelligence. - we have found over partnership we have found over many years is important to our collective defence. --- �* keir defence. wright sir keir starmer out rejoining defence. wright sir keir sta eu r out rejoining defence. wright sir keir sta eu single out rejoining defence. wright sir keir sta eu single market, rejoining defence. wright sir keir sta eu single market, he)ining defence. wright sir keir sta eu single market, he says] the eu single market, he says thatis the eu single market, he says that is a the eu single market, he says that i- ., it can make progress. the customs union and single market. and energy

is an interesting one. emissions trading schemes, which would have some benefits for energy producers, adjustment mechanism in the coming years. about it publicly. speaking to me a little earlier sam lowe. on reports 7 elon musk elon musk has been 7 elon musk has been given a wife i??;; it payment access to a treasury payment system that administers $6 system that administers sb” ' " ” ...... worth of government trillion worth of government cash every year, including security payments. elon social security payments. elon musk is heading up treasury efforts shrink...

foreign aid agency usaid. ritika gupta has been speaking to his official biographer if you had to list the traits that elon musk has, accepting limits would not be in the top 10,000. he's going to push limits. we sometimes had been a nation of risk—takers and we became and maybe it'll be interesting. i think he will go too far. and elon musk and donald trump,

they're such big personalities. a fallout down the line? and donald trump has never shown a real willingness to share the limelight. but i guess if i had to predict it's going because trump really does, as we've seen, for better or worse, want to blow up much some other stories we are following for you

today seeking approval for an emergency cash failure to agree a bailout could mean the uk government at a cost of some £2 billion pounds a year. but have since eased slightly. it comes as members of the 0pec group of oil producers meet according to reports they will keep production cuts in place to support crude prices more on for you available right now on bbc news available right now'orrbbqnev-s . and available right nfwvrrbbcnev-s . and the business news that is how 7 77 7that7is7h7owt7h7e77 7 news 5 how the news looks the news looks for you we will see you very soon.

island of santorini to "stay calm" four quake struck within half an hour on monday morning. let's speak to a tour guide who has on the island for let's speak to a tour guide wi years. on the island for let's speak to a tour guide wi years. he on the island for let's speak to a tour guide wi years. he on decided id for let's speak to a tour guide wi years. he on decided to for 18 years. he has decided to leave with his wife and leave vvithehis wife aade ~ ~ thank you very much children. thank you very much for talking to us. let me check children. thank you very much fort you, j to us. let me check children. thank you very much fort you, you is. let me check children. thank you very much fort you, you still et me check children. thank you very much fort you, you still on he check with you, you still on santorini or have you already moved? ., , , moved? if? 'ust decided moved? ea—eaf? 'ust decided esterda to we just decided yesterday to take a ferry to the mainland to go to take a ferry to the mainland to no to �* , ., go to athens. ffiiewwwfi to make that go to amen; : - to make that move i decide to make that move when the greek prime minister is urging people to stay calm? did aaea eeee�*e 1“ 5a???" b? feel .,

you feel somewhat safe? no, no, it is not such _ you feel somewhat safe? no, no, it is not such a _ you feel somewhat safe? no, no, it is not such a big _ you feel somewhat safe? no, no, it is not such a big deal, - you feel somewhat safe? no, no, it is not such a big deal, it - it is not such a big deal, it is more