hello and welcome to business today. i'm steve lai.begin with some news out of the us — amazon is demanding that its employees return to the office five days a week, in a significant shift from its pandemic—era hybrid policy. grievances, including the push to get workers back in the office. boeing has introduced immediate spending freezes and says it may have to lay off staff temporarily to keep costs down. this comes as the company deals with the impact of a strike involving some 30,000 workers. boeing has now asked its suppliers to suspend deliveries of parts for the 737 max, 777 and 767 freighter aircraft, which are all built in factories directly affected by the shutdown. intel has a brand—new customer, is on is aws, the two wilco invest in a custom chip manufactured by intel, they will then be used for artificial intelligence computer. news was part of several announcements by ceo after a company board meeting last week. in that meeting, intel also announced it was a pause in construction at the polish factory for two years to gri

and that is all for business today. thanks for. business today. thanks for watching. hoax, parents sign a smartphone pledge, and fixing a giant sinkhole. but first, people from the uk living in part of the middle east are being told to leave immediately. that's as fighting between israel and hezbollah in lebanon gets worse. hezbollah is an armed group which the uk government and others see as terrorists. israel says it's carrying out big air strikes in the south, and the army chief has told troops to prepare for a possible ground invasion. the un says 90,000 people in lebanon have been displaced since monday. israel has also intercepted a rocket fired towards tel aviv for the first time. hezbollah says it was targeting israel's intelligence h0. now, some other stories. huel has had its third ad banned in the space of two months. the advertising standards authority said it made claims about health benefits and cost savings that couldn't be backed up. huel says it was an editing error. hundreds of thousands of people, including celebs like ashley tisdale and tom brady,

you are with business today.ing empire began on monday in a reno, nevada courtroom where a judge will consider the contentious matter of succession. murdoch, who is 93 years old, is attempting to change the terms of the family's trust. his two companies are news corporation, which owns newspapers, including the times and the sun in the uk, and the wall streetjournal in the us, and fox, which broadcasts fox news. the billionaire is looking to ensure that, upon his death, the media companies remain under the control of his eldest son, lachlan murdoch, according to the new york times, which obtained a sealed court document detailing the succession drama. let's show you who is who in the succession drama. you can see rupert murdoch aged 93 at the top and on the left, prudence murdoch mcleod, elisabeth murdoch, lachlan murdoch, and james murdoch, who are the oldest children over who will gain the most devoted shares and power to control newscorp and fox news. when the billionaire dies. let's discuss this with alice en

that is it for business today. _ also in africa. that is it for business today.. thanks for watching. hello. the catch up. tonight, missing ankle tags in the suitcase scandal a trigger warning for this first one. former employees of contacted the bbc saying they were assaulted when he on the luxury department store and the department store and the department store and the department store owner has more. ., ., ., z: ., more. now, more than 20 former employees _ more. now, more than 20 former employees of _ more. now, more than 20 former employees of come _ more. now, more than 20 former employees of come forward - employees of come forward saying that they were sexually assaulted. mohamed the women who say they have come forward have said they have been let down. i kicked and screamed _ have been let down. i kicked and screamed and _ have been let down. i kicked and screamed and again, - have been let down. i kicked and screamed and again, i l have been let down. i kicked i and screamed and again, i got him_ and screamed and again, i got him off— and screamed and

you know, we talked about taking care of business today and we all went out and did it. business today and we all went out and did it. i wasjust lucky enough to be in that spot on the day. but really a meaningful moment in my life. kansas city chiefs had a 17—10 win over the la chargers. they have been criticised. but they still have a huge figure. travis just wants to win, that is what you take for granted in the league. we have had a great offence and do all these cool things and it has been fun. but it is about winning. he is the true like leader when it comes to that. he doesn�*t care who gets the stats, he just wants to win the game. gets the stats, he “ust wants to win the game._ to win the game. that is all the sport — to win the game. that is all the sport for _ to win the game. that is all the sport for now. - it is the second day conservative party�*s annual conference in birmingham. this year�*s party conference is also a chance for the party�*s four leadership candidates to audition for the top job, with each of them due to give a speech on wednesday. we�*re hearing from a

live from new york at the opening bell, this is business today. stocks slide for a third day after week adpjobs data. tech shares lead the decline. a steely move — joe biden is close to blocking the japanese takeover of us steel according to reports, putting thousands of us jobs at risk. and the eastern promise of trade, russia's vladmir putin meets chinese leaders in vladivostok. welcome to business today. live from new york, i'm ritika gupta. equity markets have opened in the red, after data showing the us labour market continues to cool. we've just had the latest adp employment report with fewer than 100,000 non—farms jobs added in the private sector in august. we'll explore that more in a moment. first, let's explore the latest market movements as the us exchanges open here in new york. let's cross live now to shams afzal, managing director at carnegie investment counsel. of course, in the last hour, we had that adp data out. how are the markets reacting to this? i think this number, as well as tomorrow's total data will probably not change th

live from new york at the opening bell, this is business today. us stocks open lower to kick off the final session of a strong month and quarter. all eyes on remarks from fed chairjerome powell, when he speaks at a business conference later today. the coming storm. global business braces for the first port strike on the us east coast in almost 50 years. and india softens restrictions on rice exports. we'll be live in mumbai. welcome to business today, live from new york, i m ritika gupta. us stocks inching lower this morning but, wall street is set to end september on a high. and earlier today, we saw a strong rally in asia — chinese stocks surging 8.5% off the back of more stimulus introduced by the chinese government. joining me now is bob doll, ceo of crossmark global investments. thanks forjoining us. chinese stocks post their biggest one—day rally since 2008, not seeing that feed into us markets. what are your thoughts on adding china to your portfolio? we are still sceptical. there is no question the government took a week ago are very strong

live from london, this is business today. it this is business today. is packed. sally bundock. this is business today. let's get going. we start with al chip maker nvidia. its record rise to one of the world's most valuable companies has wowed wall street. now, it's breaking records again, but not in the way it wanted. on tuesday, nvidia lost the most stock market value in a day of any company in us history as part of a steep sell—off that hit tech shares particularly hard. nvidia continued to fall after hours as bloomberg reported that it has received subpoenas from the department ofjustice, which is investigating whether it has been abusing its dominance of the market for al chips. let's just show you the numbers because they are pretty staggering. almost $279 billion — that was the amount wiped off the value of nvidia over the course of the trading day. it adds to losses last week after the company's forecasts disappointed investors. nvidia has been the cornerstone of the tech rally on wall street. is it all about to come unstuck? dan ives is managing director

that brings to a close business today. thank you for your company. close business today.vely day. i will see you soon. hello, there. well, it's now the end of the month, and it's been a very wet one across the southern half of the uk. some spots here have seen more than three orfour times their average september rainfall. and there's more wet weather to come too, notably for the start of the week and then through the middle of the week, things will settle down, it will turn drier, there'll be some sunshine, so things looking up and temperatures will return to the seasonal average too. but in the meantime, this is the rainfall accumulation chart for the next couple of days. so more wet weather, especially in the south. and there could be some more flooding over the midlands with more heavy downpours here, the ground already saturated. and it's all because this deep area of low pressure is rolling in from the southwest through the rest of the night, bringing heavy, persistent outbreaks of rain, especially over the higher ground. strong, gusty winds, especially on the southe

hello and welcome to business today. i'm steve lai. in asia, stock markets have slipped over concerns about growth in the world's largest economy. the nikkei index in japan is trading 3% lower while in south korea it fell by i%, after a closely watched us jobs report suggested the labour market was weakening. us shares fell on the news. markets were hoping it would rebound injuly and we did not get that, and that is a source of disappointment but that said, it doesn't confirm fears of an imminent recession, it does look like a slow down. i think the stock market particularly tech stocks have gone ahead and a bullish scenario. the fed set to cut interest rates next week, any surprises you're expecting there? we are looking at gradual 25 basis point looking at the inflation which has shown signals of disinflation. it's possible that we might have some surprises. what would a cut mean for countries like japan? it would confirm anticipation of stock markets that the fed will offer much—needed stimulus as the economy is softening. on the wh

welcome to business today. boeing workers have voted to strike after rejecting a pay offer backed by their own union. the deal they rejected was a 25% pay rise over four years. that fell short of their original target of a0%. so now more than thirty thousand workers are downing tools in washington state and oregon, closing assembly plants for the 737 max and triple seven. the move further delays the company's turnaround efforts. speaking at a news conference, jon holden, who led the negotiations for the iam union, explained why members had rejected the proposed contract and voted for strike action. he while there were many important things that were in this offer, it didn't make up, it didn't bridge the gap for sixteen years from 2008 and going through two extensions and the threats ofjob loss, you know, stagnated wages, cost shift on healthcare and many other issues and especially relocation of thousands ofjobs for other programmes leaving the state. our business correspondent, theo leggett, joins us now. as w

hello and welcome to business today. i'm steve lai. let's begin in the united states, where apple has launched a slew of upgraded products. the event featured new and improved versions of the apple watch and airpods. but the real headliner was the launch of the iphone 16, that placed the company's push into ai, front and centre. the bbc�*s north america technology correspondent lily jamali sent this report. the glow time event here in cupertino california features big upgrades to the apple watch, airpods, but the real headline here is the unveiling of the iphone 16. apple executives say this set of iphones is the first designed specifically with artificial intelligence in mind. it's there to support this new suite of ai products that the company is calling apple intelligence, which will allow users to use text, to create images, even emojis. we are also set to see a big upgrade to siri, the boy upgrade to siri, the voice assistant that apple first acquired back in 2010. the thing is though, this suite of products, apple intelligence, w

welcome to business today. let's start in the united states. us presidentjoe biden is planning to block the takeover of us steel by japan's nippon steel on national security grounds — that's according to multiple us media reports. the $15 billion deal would have created one of the world's largest steel companies outside of china and had been hailed by investors as an answer to the us company's financial woes. shares in us steel fell more than 20% after reports of the decision. here's ritika gupta with more. nippon steel's $14 billion bid to acquire united states steel has been caught in the cross hairs of an election year and in the crucial swing state of pennsylvania where us steel is based. us presidentjoe biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. presidential nominees kamala harris and donald trump have also both committed to keep us steel american, though any move to block the deal could potentially be subject to litigation. proponents of nippon steel's bi

hello and welcome to business today. i'm steve lai. let's begin in sri lanka. its new president anura kumara dissanayake faces the grim task of reviving an economy which collapsed in 2022. that led to a bailout from the international monetary fund to the tune of nearly three billion dollars. dissanayake won saturday's election after a historic second round of counting, which tallied voters�* second and third choice candidates. for more on what lies ahead for sri lanka, let's bring in ganesh wignaraja. he is a visiting senior fellow at odi, a uk—based global affairs think tank. thank you for speaking to me to. so soon after the presidential election to take place. i want to get your thoughts on what the president—elect and first priorities will be, especially regarding the priority —— economy. he talks about a new and progressive schleicher in his manifesto, which emphasizes production, good policies, which means promoted agriculture and many factory. i think his first actions will be talking to the international monetary fund where they say they work within tha

hello and welcome to business today. i'm steve lai.hares of ai giant nvidia have fallen by almost 10%. it's the deepest single—day decline in market value ever for a us company. optimism around ai seems to be reducing. but there are also concerns about the wider us economy — that led to a wider sell—off on us markets, as ritika gupta explains. the snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. this comes after a rally that put the benchmark hello and welcome to business today. i'm steve lai. shares of ai giant nvidia have fallen by almost 10%. it's the deepest single—day decline in market value ever for a us company. 0ptimism around ai seems to be reducing. but there are also concerns about the wider us economy — that led to a wider sell—off on us markets, as ritika gupta explains. the snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. this comes after a rally that put the benchmark within a striking distance of its all time highs. technology stocks, the

hello and welcome to business today. i'm steve lai. let's begin in the united states, where stock markets have reached new records. the dowjones industrial average and s&p 500 have hit new highs, even after a weaker—than—expected consumer confidence reading. our north america business correspondent — michelle fleury has the latest from new york. the dowjones industrial average rose 84 points, marking its fourth record close in a row. the s&p 500 was up three tenths of a percent to hit its mst record close of the year, whilst the nasdaq rallied six tenths of a percent. now, consumer confidence suffered its biggest one—month decline in more than three years. the data followed a warning from jp morgan chase ceo jamie dimon about geopolitical instability getting worse. meanwhile, visa's share price fell more than 5% after the us justice department sued america's largest card network, accusing the company of illegally monopolising the debit card market and driving up prices for businesses and consumers. lifting us financial markets, well, t

and that's it for this edition of business today. thanks for watching.ht, russia attacks ukraine, six months since jack 0'sullivan disappeared, and in other news, brat summer is officially over. at least 16 people have died and several are injured after a migrant boat capsized in the english channel. a large operation is under way for two missing people. 50 have been rescued and need medical treatment. some other stories now, at least 51 people have been killed in a russian missile attack on the ukrainian city of poltava. hundreds are injured with concerns people are trapped under the rubble. the missiles hit a military centre and a hospital. five children have been arrested on suspicion of murder following the death of an 80—year—old in leicestershire. bbc�*s sam harrison is at the scene. 80—year—old bhim koli has died after being fatally attacked here at franklin park in braunstone town, leicestershire. police say that five arrests have been made. five teenagers are being held in custody. they're appealing for anyone with any information about the even

hello and welcome to business today. i'm steve lai. let's begin in the united states, where the biden administration has proposed a ban on chinese and russian hardware and software in vehicles in america. the rule will apply to nearly all newer cars and trucks, which have the ability to connect to wi—fi, bluetooth or satellite systems. it will mark a significant escalation in us restrictions on china. the bbc�*s ritika gupta has more from new york. modern—day cars are increasingly computers on wheels, collecting data through sensors and cameras, and the us government has concluded they can't be trusted. back in february, president biden ordered an investigation into whether chinese vehicles posed a national security risk, resulting in the proposed ban. if enacted, it would focus on tech that connects vehicles to the outside world, such as bluetooth, as well as driverless systems. there is currently minimal use of chinese or russian—made software in american cars, but commerce secretary gina raimondo said the plans would reduce the chan

hello and welcome to business today. i'm steve lai. to our top story today — the us federal reserve has finally pulled the trigger, cutting interest rates by 0.5%. this marks an aggressive start to its first rate cutting cycle since the pandemic. the move sparked some volatility on wall street. early trade in asia is looking mostly positive. —— the reaction in asia so far has been mixed. our north america business correspondent ritika gupta has the details. the federal reserve has delivered a super—sized interest rate cut aimed at bolstering the us labour market. the 0.5 percentage cut, the first in over four years, brings its key interest rate, the federal funds rate, down to between 4.75 and 5%. it comes amid signs inflation in america is continuing to fall, while the job market remains strong, even as unemployment has risen this year. the labour market is actually in solid condition and our intention with our policy move today is to keep it there. you can say that about the whole economy. the us economy is in good shape, it's growin

hello, and welcome to business today, i'm steve lai.our top story today — the us federal reserve has finally pulled the trigger, cutting interest rates by half a percentage point. this marks an aggressive start to its first—rate cutting cycle since the pandemic. the move sparked some volatility on wall street. our north america business correspondent ritika gupta has the details. the federal reserve has delivered a supersized cut aimed at bolstering the us market. the first in over four years brings its key interest rate, the federal funds rate, its key interest rate, the federalfunds rate, down to between 4.75 and 5%. it comes amid signs that inflation in america is continuing to fall while thejob market america is continuing to fall while the job market remains strong as unemployment has risen this year.— risen this year. the labour market is _ risen this year. the labour market is actually - risen this year. the labour market is actually in - risen this year. the labour market is actually in solid| market is actually in solid conditi

hello and welcome to business today. i'm steve lai. it is a holiday in the united states for labour day but vice president kamala harris and president joe biden are working — they've been speaking at a campaign rally in the battleground state of pennyslvania. the vice president has opposed a $14.9 billion takeover of us steel corp by japan's nippon steel in her remarks. vice president harris said that us steel should remain in domestic hands, and commited to always have the backs of american steel workers. that position mirrors that ofjoe biden, who said back in march that us steel corp should remain a domestically—owned american firm. us steel it should remain american owned and american operated. in other news — volkswagen is considering closing factories in germany to cut costs. it's an unprecedented move and sets up a showdown with powerful unions. the auto—maker — which employs around 680,000 staff — is struggling with its passenger car brand. profits are getting squeezed amid the transition to electric vehicles and a consumer spe

live from new york at the opening bell, this is business today. ng month and quarter. all eyes on remarks from fed chairjerome powell, when he speaks at a business conference later today. the coming storm. global business braces for the first port strike on the us east coast in almost 50 years. and india softens restrictions on rice exports. we'll be live in mumbai. live from new york at the opening bell, this is business today. us stocks open lower to kick off the final session of a strong month and quarter. all eyes on remarks from fed chairjerome powell, when he speaks at a business conference later today.

hello and welcome to business today. i'm steve lai. the fed delivered its first rate cut in more than four years on wednesday and trimmed the key lending rate by zero .5 percentage points and joe biden says the worlds largest economy has entered a new phase of recovery. in a wide—ranging speech promoting his policies to bring down inflation. let us be clear, lowering interest rates is a declaration of victory in the declaration of progress. a signal we are entering a new phase of our economy and our recovery. i believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. investors have cheered the cut, the dowjones industrial the neck i added 1.5% in us dot markets. and the s&p 500 rose to all high times. bbc�*s samira hussain has more from new york.0ur the s&p 500 road i.7%, the s&p 500 road i.7%, extending this years gains to 20% and meanwhile the dowjones surged over 500 points to

hello and welcome to business today. i'm steve lai. mr powell and his change.r powell and his colleagues are set to interest rates. in york, the arrival of autumn marks a change. after raising interest rates 11 times, america's central bank is all but certain to unwind fat, but how quickly they go down from is still up for grabs. down from is still up for crabs. . , ~ , down from is still up for crabs. . , ~' , ., grabs. perfectly like this on our grabs. perfectly like this on your porch. _ grabs. perfectly like this on your porch, and _ grabs. perfectly like this on your porch, and then - grabs. perfectly like this on your porch, and then we . grabs. perfectly like this on i your porch, and then we price it less than picking up the pumpkins themselves. at it less than picking up the pumpkins themselves. at this farm shon _ pumpkins themselves. at this farm shop the _ pumpkins themselves. at this farm shop the rebirth - pumpkins themselves. at this farm shop the rebirth of- pumpkins themselves. at this farm shop the rebirth of the i farm shop the rebirth of the

that will come up later in business today.ected to be sworn in in the coming hours. a warning — there is some flash photography in the following pictures. anura kumara dissanayake, a left—wing anti—corruption candidate, said his victory belonged to all sri lankans and promised a fresh start. the poll, which went to a second round for the first time in sri lanka's history, has been described as one of the closest races ever. in his first comments, the president—elect said he would put the demands of the sri lankan people first. translation: there was a need j for a government with a mandate from the people if you want to rescue the country from the crisis. we know in the recent past, the mandate was distorted. the distortion of the people's mandate affected the parliament and other institutions beyond that. the people's mandate that is needed to take this country forward is being established — that was the main point of the presidential election — and i think the general election should be held immediately after. 0ur south east

that is your business today. _ hello here is the sport.r united manager erik ten hag after a 3—0 defeat to tottenham. his side are 12th withjust one win tottenham. his side are 12th with just one win in five in the league. ten hag said that he is not thinking about the club's owners opting for a change of manager and says they're on one page. irate change of manager and says they're on one page.- change of manager and says they're on one page. we are all in it together, _ they're on one page. we are all in it together, this _ they're on one page. we are all in it together, this decision - in it together, this decision to stay together and what we have to improve as an organisation and how we want to construct the squad and all the decision—making in togetherness. also with knew it will take some time. because we, how the window went, we still have to do with some injuries also from impact players and i think we will get better there and we need some time. i better there and we need some time. ., better there and we need some time. ,, ., ,

hello and welcome to business today. i'm steve lai.begin in the us, where donald trump has been laying out his economic plans should he become president. trump repeated calls to cut taxes and regulation, and is earmarking a government job for controversial billionaire elon musk. here's ritika gupta with the details the main highlight of donald trump's address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. this would be a big reduction from the current rate of 21%. a key policy victory from trump's own 2017 tax law set to expire in 2025. now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. it means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. his proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. trump's proposals also include an idea from tesla ceo elon musk to create a govern

hello and welcome to business today. i'm suranjana tewari. us vice president kamala harris has outlined her plans for the world's largest economy. the democratic party's presidential nominee says she will make the middle class the "engine of america's prosperity". former president donald trump has a very different pitch to voters, promising to cut taxes for companies and the wealthy. the bbc�*s michelle fleury has the latest from new york. she said her plan would lower costs for american families, invest in entrepreneurs and ensure american legion huge industries like artificial intelligence.— industries like artificial intelli . ence. �* ~ u, intelligence. built in america by american _ intelligence. built in america by american workers. - intelligence. built in america| by american workers. several olls by american workers. several polls show — by american workers. several polls show donald _ by american workers. several polls show donald trump's i by american workers. several. polls show donald trump's lead on the economy is narrowing with

we will have more on that in business today coming up that in business today coming up in a few moments flooding rains to some this weekend. a month's worth of rain fell in parts of the west midlands on the slow moving weather front on sunday, which is only slowly easing its way eastwards through the remainder of the night. so the heaviest rain does ease. the thunderstorms ease away as well, but there'll be misty low cloud and hill fog with this weather system in the east. further west the skies start to clear and it will be chillier for scotland and northern ireland in particular. and in fact in these areas it was chillier on sunday as well. still warm and muggy in the south and still with a lot of murky weather, first thing on monday, quite grey, quite damp on that weather front initially, but compared with sunday for wales, for north west england, for the south—west of england, it's much drier picture eastern scotland as well. but the rain does roll back in to the west of scotland, northern ireland later and this cloud, murky low cloud, could just hang on in east anglia and the south

business today follows. hello.sunshine. for example, here in capel curig, and just to the south in ceredigion, we had the day's highest temperature — up to 22 degrees in the warmest spots. now, you'll notice a bit more in the way of clouds towards the north west, and indeed, over the next few hours could see some splashes of rain work into shetland for a time. quite breezy conditions here. watch out for a few mist and fog patches over the next few hours forming across parts of north west england, wales, the west midlands and south west england, too. visibility could drop down to about 100m in the densest of those fog patches. so, it's quite a chilly start to the day, with temperatures down at around five degrees in the coldest spots. the high pressure, though, is here to stay for the next few days. now, starting off on tuesday, a bit of rain clearing away from shetland, might see a few patches of cloud across east anglia first thing, but it should brighten up with some sunshine here, and any mist and fog patches cl

business today i maori culture. katie thank you so much.i'll be back in a moment. hello. we're expecting a real mix of weather over the next couple of days. for some northwestern parts of the uk, it's going to turn sunny and very warm, but further south for southern england and south wales, we're expecting some heavy rain. perhaps in one or two locations, a month's worth of rain in just a couple of days — that could cause some disruption. it's all because low pressure is continuing to swirl to the south of us, this band of rain here becoming quite slow moving, particularly, i think, across the southwest of england. but around that area of low pressure, we're drawing in some humid air, so further north and west with some sunshine it will feel very warm. now, during thursday, these southern parts of england and south wales will see some rain at times — that rain turning heavy and persistent in the southwest later on. further north, a lot of low cloud, mist and murk, some spots of drizzle, but the best of the sunshine where you get some shelte

welcome to business today live from new york.s are inching higher on wall street ahead of the most closely watched meeting of the us federal reserve in years. in just underfive federal reserve in years. in just under five hours�* time the fed is expected to finally start cutting the cost of borrowing from its two decade high. but how deep are the first could be and with concerns in some quarters about a rapidly weakening us economy, has the fed left it too late? let�*s get more from the chief fixed income strategist at janney montgomery scott. the big debate here, 25 or a 50 basis point cut. what are you expecting? basis point cut. what are you “petting?— expecting? it's a close call. i think there _ expecting? it's a close call. i think there is _ expecting? it's a close call. i think there is relatively - think there is relatively little economic impact from one or the other depending on how that decision is made. 0ur expectation is that the federal reserve will reduce overnight interest rates by a quarter of a point, 25 basis

hello and welcome to business today. i'm suranjana tewari. we begin in the united states, where vice president kamala harris has outlined her plans for the world's largest economy at a campaign event in pennsylvania. the democratic party's presidential nominee says she will make the middle class the "engine of america's prosperity". former president donald trump has a very different pitch to voters, promising to cut taxes for companies and the wealthy. vice president kamala harris laid out her vision for america's economy in the battleground state of pennsylvania. i have pledged that building a strong middle class will be a defining goal of my presidency. ms harris said her plan would lower costs for americanfamilies, invest in entrepreneurs and ensure america leads in future industries like artificial intelligence. built here in america by american workers. the focus on finance comes as several polls show donald trump's lead on the economy is narrowing with voters. the former president campaigned in the battleground state of north carolina t

welcome to business today, i'm tadgh enright we start in the us with the abc news presidential debate between kamala harris and donald trump. in what was a combative back and forth right from the get go the economy was in focus with the first question for the two candidates on how they plan to boost the world's biggest economy and give american households a lift. kamala harris talked about her middle class roots and providing help for small businesses. mr trump talked about the soaring prices that americans have been living with and laid the responsibility firmly at the democrats�* door. let's have a quick listen to kamala harris. done before, which is to provide a tax cut for billionaires and big corporations which will result in $5 trillion to america's deficit. donald trump talked up his economic legacy as the debate moved onto the question of tarfiffs. you'll remember mr trump has recently been speaking about increasing tariffs on international goods. let's have a listen. we are doing tariffs on other countries. other countries after 75 years will pay us back after 75 years will p

hello and welcome to business today. i'm steve lai. let's begin in sri lanka which has elected a new president. anura kumara dissanayake faces the grim task of reviving an economy which collapsed in 2022. dissanayake won the selection after the second round of counting which telling voters second and third choice candidates. the bbc�*s sent this report. sri lanka's voting for change and anura kumara dissanayake victory signals that political overhaul. he is the first left—leaning lawmaker to take charge and has won on his pledge to address corruption and reduce economic burden on sri lankans. and that resonated with citizens who have been burdened with high living costs and rising poverty, even at a time when the economy overall seem to have stabilised. now, dissanayake promise to cut income taxes and slash sales taxes on food and medicine, his also promised to renegotiate terms of the imf programme to make it easierfor sri lankans. but experts say that he can manage to realistically deliver and fund the populous promises, while balanc

steps to reduce red tape and ease regulations, including creating a standard deduction for small businesses. today, harris pitting her vision against trump's. >> he plans to give billionaires massive tax cuts and to cut corporate taxes by over a trillion dollars, even as they pull in record profits. >> reporter: tomorrow, harris heads to pittsburgh to hunker down and prepare for the debate, her first face-to-face encounter with her rival. trump today says he's ready. >> you know what i say about debates? and i think this is true with a lot of people, but they don't say it -- i've been preparing all my life for this debate. >> reporter: and boarding her plane, harris sounding confident, too. >> how's debate prep? >> so sfar, so good. >> david: president trump says he's been preparing his whole

live from new york at the opening bell, this is business today. a after the party, come the handover. stocks stall at all time highs, as euphoria over the federal reserve rate cut starts to fade. also coming up, no time for a victory lap and said president biden, plus, britain's debt dilemma. biden, the uk government owes as much as the whole economy is worth for the first time since 1961. and me, myself and ai. a why performers fear competiton from their own digital images. welcome to business today, live from new york, i m ritika gupta. new pressures are open and new pressures are open and over. us has made the decidedly low energy stud to the last trading day of the week after closing at new record highs on thursday. the dow settled against 40,000 points for the first time. they have overcome initial nerves about a big interest rate cuts from the federal reserve after fed treasurer said the world's biggest economy is in a good base despite slashing the cost of borrowing by a jumbo half a percentage point. so what is next? for more,... let's bri

hello and welcome to business today. us tariffs on chinese made electric cars, solar panels, steel and other goods will go into effect in the coming hours. policies around tariffs have become part of the debate on the economy in the upcoming us election. the bbc�*s michelle fleury has morphed from new york.— from new york. when the measures _ from new york. when the measures were _ from new york. when the measures were first - from new york. when the - measures were first announced in may, the us said it was in response to china's unfair trade practices and to protect usjobs. the chinese trade practices and to protect us jobs. the chinese said they opposed the hikes and wood retaliates. analysts said that harris, including a 100% duty on electric vehicles made in china, are largely symbolic, especially since chinese vehicles like that are not sold in the united states currently. levies on solar cells will increase to 50%. steel and aluminium products will more than tripled to 25%. tariffs hiked one of the products includ

live from new york at the opening bell, this is business today. a bullish opening on wall street — as the federal reserve insists the us economy is still strong despite thatjumbo interest rate cut on wednesday. over in the uk the bank of england keeps its interest rates on hold — but signals borrowing costs are still on the way down. also coming up — a highly charged situation. can china convince europe to power down trade tensions over electric cars? and billion dollar breaks! australia's economy rides a wave of interest in surfing. but is the government fully on board — with protecting the sport? i m ritika gupta. welcome to business today, live from new york, us shares have made a strong start this thursday — as investors wrap their heads around thatjumbo half—percent cut in interest rates from the federal reserve — and later comments from chairjerome powell. was it a panic measure — in response to a sharp slowdown in the economy? traders remember similar moves just before the dotcom crash — the global financial crisis — and the pandemic. well,

welcome to business today. policies are on tariffs become part of the debate on the economy in the upcoming us election. the bbc�*s michelle fleury has more from new york. when the measures were first announced in may the white house said it was in response to china's unfair trade practices and to protect us jobs. at the time the chinese say they oppose the heights and would retaliate. analysts said the tariffs, which include a 100% duty on electric vehicles made in china, they are largely symbolic especially since chinese evs are not currently sold in the united states. as well as a rise in ev tariffs, levies on solar cells will increase to 50% while rates on steel and aluminium products are more than tripled to 25%. tariff hikes and other products including semiconductor chips are set to take into effect over the next two years. the increases which impact a relatively small amount of us imports come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign tra

hello and welcome to business today. i'm steve lai. let's begin in the united states, where stock markets have fallen on concerns about what lies ahead for the economy. the benchmark s&p 500 fell by 1—point—7 percent, while the nasdaq lost more than 2—point—5 percent on friday. this came after a jobs report suggested the labour market was weakening, paving the way for an interest rate cut by the federal reserve next week. here in asia, investors are watching japan, which will release its final gdp readings for the months of april to june. for more on all of this, let's speak to naomi fink from nikko asset management. your reaction to the latest us jobs data? there hoping it would rebound injuly— there hoping it would rebound injuly and we did not get that and that— injuly and we did not get that and that is a source of disappointment and that said, through— disappointment and that said, through fears of an imminent recession, does look like a slow— recession, does look like a slow down. i think the stock market_ slow down. i think the

this is business today, i'm sally bundock. its international trade strategy. that's according to a new report by the e—commerce trade commission. specifically it recommends better adoption of trade technologies, increasing support to target emerging markets and developing female—led businesses to start exporting. marco forgione is the chair of the e—commerce trade commission and director general of the chartered institute of export & international trade. good to have you with us. tell us more about your recommendations. ,,. , recommendations. sadly, the e-commerce _ recommendations. sadly, the e-commerce trade _ recommendations. sadly, the l e-commerce trade commission recommendations. sadly, the - e-commerce trade commission is e—commerce trade commission is an industry led commission looking at how we can get more uk smes, micro, small, and medium enterprises trading online, a social market foundation report in 2023 identified that there were 70,000 uk m smes that could be trading across borders but won't, only difference th

and we also strive to expand our projects and business, today it demonstrates. in the first quarter of this year, investment in fixed capital. the information and communication technology sector increased by more than 150%. despite the challenges that currently exist , russian electronics manufacturers invest serious funds in research and development, launch new projects across the country. moreover, domestic factories today supply products not only to government customers, but also... to enterprises, ordinary consumers, today russian laptops, monitors, tablets, and other equipment have begun to appear on store shelves in the display cases of marketplaces, not all of them, of course, have been completely created here from scratch, but they have a significant technological part that is produced in russia, in general the industry itself consists of several hundred large companies, thousands of people present, by the way, today here at the forum, this is... a clear indication of the positive changes that have taken place in domestic microelectronics, the interest i

hello and welcome to business today. i'm steve lai. let's begin in china, where manufacturing activity has contracted in august for the fourth straight month. has contracted in august for the fol then raight month. has contracted in august for the fol then it's iht month. has contracted in august for the fol then it's going nth. has contracted in august for the fol then it's going to 1. below 50, then it's going to grow as we continue into the new year. l115 grow as we continue into the new year-— grow as we continue into the new year. us “obs data is out this friday, _ new year. us jobs data is out this friday, will _ new year. us jobs data is out this friday, will not - new year. us jobs data is out this friday, will not have - new year. us jobs data is out this friday, will not have any| this friday, will not have any impact when the fed meets in a few weeks?— impact when the fed meets in a few weeks? were looking at the hi . hest few weeks? were looking at the highest risk. — few weeks? were looking at the highest risk, potentially

welcome to business today. i'm mark lobel.e start here in the uk where the chancellor, rachel reeves, has been laying out her plans for the economy ahead of the new government's first budget next month. the first—ever female uk finance chief struck a positive tone. she is pledging a new era of stability after years of economic uncertainty. saying his is a pro—business, pro—worker government that will deliver a new industrial strategy to unlock growth and draw in investment. i'm joined by chief uk economist at pantheon macroeconomics, rob wood. thanks forjoining us. what is your big takeaway from this speech ahead of next month's budget and also off the back of a dent in consumer consent —— confidence? a dent in consumer consent -- confidence?— a dent in consumer consent -- confidence? the main takeaway is that rachel _ confidence? the main takeaway is that rachel reeves _ confidence? the main takeaway is that rachel reeves changed i is that rachel reeves changed the tone a little bit from the warnings that we've heard over the