pictures for the ldp.since wan _ ldp. they have rules here since wet the — ldp. they have rules here since war. the numbers for the ldp painter— war. the numbers for the ldp painter very war. the numbers for the ldp paintervery dim war. the numbers for the ldp painter very dim texture. they are expected to be unable to form a — are expected to be unable to form a single party majority. they— form a single party majority. they will_ form a single party majority. they will not be able to govern on their— they will not be able to govern on their own. they have always had a junior coalition partner, but in — had a junior coalition partner, but in the _ had a junior coalition partner, but in the past, they have had that— but in the past, they have had that coalition for the position of strength. they were able to form _ of strength. they were able to form a — of strength. they were able to form a single party majority. they— form a single party majority. they come out is for the baby position— they come out is

ldp-— this is a very grim picture of the ldp. , , ., ., , ., the ldp.his is going to be a very tough night for the - the ldp. this is going to be a | very tough night for the prime minister _ very tough night for the prime minister he _ very tough night for the prime minister. he did _ very tough night for the prime minister. he did set— very tough night for the prime minister. he did set a - very tough night for the prime minister. he did set a rather. mini5ter. he did set a rather modest _ mini5ter. he did set a rather modest goai~ _ mini5ter. he did set a rather modest goal. simply- mini5ter. he did set a rather. modest goal. simply retaining mini5ter. he did set a rather- mode5t goal. simply retaining a modest goal. simply retaining a combined — modest goal. simply retaining a combined majority. _ modest goal. simply retaining a combined majority. that - modest goal. simply retaining a combined majority. that would i combined majority. that would have _ combined majority. that would have been— combined majority. that would have been a _ combined maj

the main thing is ldp _ the ruling party? the main thing is ldp went - the ruling party?ing party? the main thing is ldp went into the | thing is ldp went into the election tarnished and their reputation was tarnished by a series of scandals and chief among them was a fundraising corruption scandal and this emerged late last year that dozens of ya hya emerged late last year that dozens of yahya sinwar lawmakers were investigated for pocketing millions of dollars in fundraising money over a period of five years and what happened after was months and months into this we saw the scope and scale of this but also how the ldp has mishandled it and they seemed almost unrepentant and the changes made were cosmetic and they did not convince the public that they really wanted to change. and this i think is the political gamble with shigeru ishiba that he wanted a new mandate and restart on that has backfired and not happen at all. ~ . backfired and not happen at all. . ., ., , , , all. what will happen next is the next question. _ all. what will happen next is the next question. i

�* , , ., ldp? an interesting question because one _ ldp?on because one of the other- ldp? an interesting question. because one of the other main stories— because one of the other main stories to _ because one of the other main stories to come out of the election— stories to come out of the election is the opposition failure _ election is the opposition failure to take advantage of how— failure to take advantage of how bad the situation the ldp find itself in, and there are a coupte — find itself in, and there are a coupte of— find itself in, and there are a couple of reasons. one is the main — couple of reasons. one is the main opposition the constitutional emigrating party has not — constitutional emigrating party has not been able to convince the electorate that there are a viable — the electorate that there are a viable option. people injapan are merely conservative and do not like — are merely conservative and do not like change, they like politicians you have a track record _ politicians you have a track record of— politicians you have

the ldp.s on that on key figures in the ldp. does his resignation _ figures in the ldp. does his resignation perhaps - figures in the ldp. does his| resignation perhaps insulate the prime ministerfor his part in calling the snap election? it might be hard to answer now. it's hard because there's still a lot of speculation as to what it means the future of the prime minister. he's only been prime minister. he's only been prime minister. he's only been prime ministerfor 26 prime minister. he's only been prime minister for 26 days and doesn't want to be the least lived prime minister injapan. shigeru ishiba is known to be quite adamant he doesn't want to step down. whether he will be pushed out, don't know but as it stands he can say, a senior member of my party has taken responsibility.— taken responsibility. let's 'oin the taken responsibility. let's join the professor - taken responsibility. let's join the professor and - taken responsibility. let's join the professor and we | taken responsibi

thank you very much, in for the ldp. thank you very much. our _ in for the ldp.. thank you very i much, our tokyo correspondent. two of the biggest reasons for the results at the ballot box was the scandal is that the ldp had been stuck with and the prime minister has been unable to shake those relating to political funding and the economy and its been felt in the pocketbooks of many people in japan the pocketbooks of many people injapan where wages have been stagnant for almost three decades but with inflation bringing up the cost of living so with the thoughts of the economy on our mind i will bring into this conversation neil newman, head of strategy based here in tokyo. it's great to speak to you and give us an understanding of the state of the economy injapan and how it relates to this election? generally the economy is doing okay, everybody has a job you needs one and unemployment is down and generally everything looks quite good from that point of view. the problem is food inflation, the cost of living and a lot of that is related to the weak yen because j

we can already see that the ldp have been punished by a very angry— the ldp have been punished by a veryted electorate. they are angry and frustrated for a reason. this ruling — frustrated for a reason. this ruling party has been tarnished by a series of scandals, chief among — by a series of scandals, chief among them, is the fundraising and public— among them, is the fundraising and public school corruption. the — and public school corruption. the scale _ and public school corruption. the scale and scope of it kept emerging for several months of this yeah — emerging for several months of this year. the more that we found — this year. the more that we found out, the more the people were _ found out, the more the people were angry and frustrated. dozens _ were angry and frustrated. dozens of ldp politicians have been — dozens of ldp politicians have been investigated because they have _ been investigated because they have been not been publishing their— have been not been publishing their expenses. the public have been _ their expenses. the public have been struggling with wages who have

going to the selection the ldp in the coalition partner had a healthy majority, 279 of the 465 partnerentatives the constitutional democratic party at its closest rival had 98 seats, with the remainder skater between a range of minor parties from across the political spectrum, many analysts have been predicting the ldp is set to lucy's and they could lose their majority in parliament. the question remains who among the opposition will be able to gather enough votes to lead or if they will form a government, the ldp seems to be best placed for that. out tokyo correspondent has more on the circumstances and the significance of this election. the most significant thing about_ the most significant thing about this election is how unusual_ about this election is how unusual it is. japanese elections are not exciting matters, they are quite boring and quite _ matters, they are quite boring and quite steady. this election however has been neither, the ldp, the party which has ruled japan for most of his post—war era has enjoyed a steady place in a stable place in a japanese politics. we know

the ldp are very much at risk. district in the heart tokyo, cole's opening earlier this morning at 7am and it has come about through a snap election. prime minister shigeru ishiba called itjust days after he took the helm of the governing liberal democratic party. that means that the campaigning has been very short. he held his final rally on saturday night, pleding to "build a newjapan" — but he's facing strong headwinds, with the ldp rocked by a series of corruption scandals — the latest of which saw mr ishiba's predecessor booted from office. his main rival, yoshihiko noda, leader of the opposition constitutional democratic party, told supporters that the ldp only worked for those who offered the party cash, ignoring the needs of japan's poorest. going into the eleciton, the ldp and its coalition partner komeito had a healthy majority, with 279 of the a65 seats in the house of representatives. the constitutional democratic party, its closest rival, stood at 98 seats, with the remainder scattered between a range

many analysts are predicting large losses for the ldp, but if the ldp does not have enough members orcy and party would be able to do just that? our correspondent has more information about the circumstances and the significance of this election. the most significant thing is how— the most significant thing is how unusual it is. the fact that— how unusual it is. the fact that japanese politics and elections specifically are not exciting, in fact they are quite _ exciting, in fact they are quite boring and a steady, this election— 1536 00:17:48,716 --> 00:17:48

the right—wing ldp has been in power injapan for most of the last seven decades.ls us more about how the vote is shaping up in tokyo. japan's voters have sent a strong message to the ruling party and have punished them at the ballot box and the ldp, even with the best estimates is unlikely to achieve a single party majority and will have to form a coalition and they have done it before but always from a point of strength. now japan's strongest party has been significantly weakened. shigeru ishiba has gambled — he made a political gamble when he called for the snap election and wanted a new mandate and a fresh start and wanted to tell people the ruling party has changed, but that has backfired. he and the ldp have a misread the extent of the public anger at a ruling party that has been tarnished and embroiled in a scandal when it mishandled when it was revealed prosecutors have been investigating dozens of ldp lawmakers for pocketing what amounted to millions of dollars of fund money and not revealing it for taxation over a period of five years. all the while japan

in this election, the ldp lost the single party majority but in this election nobody really won. web page. and there you can see the latest on trump's final pitch to voters and harass campaign events as well. goodbye for now. hello. there was quite a bit of sunshine across england and wales on sunday, but it was shoeburyness in essex that was the sunniest spot, managing 8.5 hours of sunshine, with those sunny skies extended up the eastern coast of england here in robin hood's bay looking absolutely glorious. further west we had cloud thicken and outbreaks of rain moved into northern ireland, west scotland and the isle of man, which was the wettest place in the country. a lot of cloud streaming across the atlantic at the moment. that is all coming our way on these west to southwesterly winds, dragging in some pretty mild air, but bringing us weather fronts as well. and so at the moment we do have outbreaks of rain pushing eastwards across the uk. one or two heavy bursts mixed in with that and a lot of low clouds. there will be some mist and fog patches around our western coast and

the ldp have a long history but also been struggling of late, it is such a short campaigning period,he mind of the electorate? forefront on the electorate �*s mind as the economy, the fact a reasonjapanese broadcaster nhk a recent poll said japanese households because they are struggling financially and struggling financially and struggling with the rising prices they have had to change their shopping patterns if you well, they buy this meet, they buy this chicken, they have to replace it because they can't afford things. shigeru ishiba promised one he will address the upcoming in the upcoming election address the slowing economy, address the stagnant wages but address the fact the public trust has really been rocked, if you think about the two main scandals, the amount of influence the controversial unification church has had to the party and revelations from that in the financial scandal and corruption scandal that revealed millions of dollars have been pocketed by senior members of that party, and you look at the electorate, if you are voting you will say i have no other choice be

the exit polls revealed a grim picture for the ruling party, the prime minister and president of the ldp shigeru ishiba said they must take the results humbly and seriously. that this is a quote. the two main factors thought to have contributed to these results are both the stronger corruption scandals that have been in the run—up to this election. as well as the economy which is seen rising prices and stagnant wages really get under the skin of voters for this election. another indication of the unhappiness of voters was voter turnout. the number this time round was 53.84%, the third lowest since world war ii. surprisingly, the markets have reacted in a positive fashion. the nikkei 225 trading higher, the yen still at a three—month low. i spoke to a global strategist who had some insight on the uncertainty that lies ahead for the world's number four economy. my biggest takeaway is there were already the factors in place forjapan�*s equity market to continue recovering. it's not particularly overvalued. at the same time, we have started to see some positive signals in the consumer sector

but it's not clear whether the ldp's closest rival, the constitutional democratic party, could form aiggest in east asia. more than 100,000 people took to the streets of the capitalfor the 22nd parade. they were joined by the territory's vice president and the current winner of rupaul�*s drag race, the taiwanese—american drag performer nymphia wind. the island is known for its progressive stance on lgbt rights. stay with us here on bbc news. there is plenty more to come. hello. we've had a real mixture of weather to start off the weekend. across east anglia, south—east england, a lot of cloud, an odd spit of drizzle. we had a weather front that brought some rain to northern ireland and scotland, delivering 22 millimetres into the highlands, the wettest place in the uk, but then we had this slice of sunshine stretching from east scotland down towards south—west england, where we had eight and a half hours of sunshine in camborne in cornwall, and an 18 celsius heat in dorset in bournemouth. now, looking at the weather picture at the moment, week weather fronts are moving south—east, jus

he's also now tried to run for the ldp president of position five times. now, he's also known in japan for his work in rural revitalization, which is of course, a very big issue for japan as a faces a demographic crisis because of his past work, he's quite well liked by the general public but within his own party, he's actually not that popular. and that's because within his own party, lawmakers have seen him as someone who is a harsh verdict and also someone who's once betrayed the ldp when it briefly lost power and he left now again, ishiba, however, was elected by the ldp to be the new party president and also the new prime minister, as we saw, just moments ago. and that is largely because his party believes and also registered ldp voters believe that he is the best person to lead the party at the general elections, which will be held later. this month. now, as you described, becky ishiba has a lot of issues on his plate that he inherited from the former japanese prime minister. now, fumio kishida. first is the very lackluster economy in japan. the yen

it means that in order to pass legislation, the ldp and komeito will have to work with a bunch of thepposition parties. it could signal and it could mean political gridlock going forward. also, the leadership of shigeru ishiba as prime minister is at risk here particularly given there are parts of the ldp to work to engineer his ouster and not to mention what the opposition parties may also be doing as well. in terms of the market implications here, analysts saying expect more expansionary and fiscal spending and a populist agenda as the ldp tries to hold on to power. some analysts saying there could be implications for the bank of japan going forward. greater political uncertainty and also, of course, what happens with the u.s. election could also weigh on the outlook for the central bank going forward. in tokyo, lynn lin reporting for tokyo business news. >>> chinese industrial profits fell at the fastest pace since last month down 27.1% on the year i'll spend more time on that again. one of the key chinese institutions, profits falling 21.7% on the year. where is the line in the sa

of course, we have the independent that may merge with the ldp.ve to have some kind of a coalition, if that is the case, that would be added on that would cause a bit of a confusion and particular anxiety about future policies ahead of us >> i would also like to understand in more detail what is the economic implication here if we see a significant change in government, what does this mean in terms of the japanese economy going forward? >> i think one of the biggest misunderstanding that is going on is that japan really isn't run by the politicians it is, but it is implemented by the bureaucrats. you have to have a very good tie and pipeline with the bur bureaucrats. in the past five decades, the only party that was able to do this with a lot of eloquent move is the ldp as you stated, in 2012, we had the party take over. they were so incompetent in coc completing anything because the didn't have that tie i think what we really need to see is coalition, but with a continuous lead by the ldp or else i think we will see an unfortunate bottleneck in t

that i got today as when he announced his cabinet members, you are asking for a division within the ldpcially considering that we have two major elections coming up next year as well. major elections coming up next year as well-— year as well. yes, a lot of volatility _ year as well. yes, a lot of volatility there. _ year as well. yes, a lot of volatility there. what - year as well. yes, a lot of volatility there. what is l year as well. yes, a lot of i volatility there. what is the feeling about what would happen next? tt feeling about what would happen next? , ., ., , ., , next? it is going to be a very rocky road — next? it is going to be a very rocky road because, - next? it is going to be a very rocky road because, for- rocky road because, for example, for the ministry members, he appointed the minister of internal affairs, who basically called the then prime minister a traitor and was expelled from ldp for more than a year. making him the internal affair communication minister and many others and not one coming from his faction. i am not one coming from his faction. iam not not on

re5ult5 certainly the ldp projected to miss out on a parliamentary majority. in japan. we have continued coverage of that. the relatively new prime minister called this selection ju5t called this selection just within days of taking over and it appears that parliamentary majority has been lost. however, this is exit poll territory at the moment and vote counting i5 territory at the moment and vote counting is under way. plenty more coverage to come from there. let's take you now to beirut, we have been covering the events in lebanon this morning. a couple of different events to bring you. we have heard via the israeli military the death of four soldiers in southern lebanon close to the border with israel. the5e close to the border with israel. these are the pictures of the skyline over beirut, continued air strikes over beirut over the last few weeks. also, i want to take you out of these live picture5 we have of the5e live picture5 we have of jerusalem, there have been events taking place in israel today all relating to the october seven attacks by hamas 0cto

mr ishiba won a tight leadership election within the ruling liberal democratic party or ldp on friday a hardline conservative who would have been the country's first female pm. she's reported to have refused to serve in his cabinet. investors have been unnerved by all this— the nikkei 225 plunged almost 5 per cent on monday although it has recovered some ground today. professor seijiro? takeshita from the university of shizuoka told us why. actually, many were expecting fumio kishida to be the prime minister, at least many of the participants, who basically were giving warning signs to the bank ofjapan for their rate rise, so obviously they expected, basically, and much more buoyant stock market, but that wasn't to be. and mr issue bear, in my opinion, is saying thing, which is let's get some —— and mr ishiba, in my opinion, is saying a very rational thing, which is let's get some discipline into our fiscal policy, and we may have to raise taxes as well. something that many other politicians should have said, but did not. but the real worrying thing that i got today is that when he an

achieve of course despite these issues and able to secure enough votes to become the president of the ldp. clearly lawmakers saw him as the best choice to lead the party in the general elections, which will be held in october. now ishiba, as you mentioned, rosemary, does inherit a couple of very large problems from now, the former japanese prime minister fumio kishida. the first is a lackluster economy and a very high cost of living for many people in japan the second is very big and significant political scandals. and that's actually why we saw from the okey-doke having to step down because he was unable to address these political scandals properly. that's what led to his approval rating dropped so significantly among the general public. so ishiba will now be tasked with actually read gaining the public's trust showing the public that the liberal democratic party is the party that will unify the country and actually introduce a lot of policies and laws that will benefit all people. >> rosemary. >> all right. thanks to hanako montgomery joining us live there from tokyo i appreciate it. wi

we could see stalling and more populous moves from ldp as a result. tom: indeed.boj meeting later this week, not expected to change rates, but the framework evolution will be fascinating. vice president harris kicked off the last full week of campaigning, the last full week of campaigning, wooing minority voters and trump held a rally at madison square garden where elon musk claimed he could cut 2 trillion dollars from the budget. let's bring in kriti kriti gupta , your takeaways, pretty, pretty remarkable set of events from the trump event. kriti: madison square garden, a key venue and in the u.s., major concerts, he filled it with elon musk, tucker carlson, who has been doing interviews with president trump and vladimir putin who has a massive following, this is a key point that he is bringing up people with big volume. elon musk -- i would argue this is similar to the harris strategy of taylor swift or beyoncÉ, trying to garner as much of a following as you can. tom: it is a tussle between a listers. demeaning and degrading and racist language is something peop

also rising prices, the ldp has ruled japan for most of the postwar era and they are likely to win thethey have a lot of convincing to do they have changed and that they will be a different party going forward. ajapan a japan election coming ajapan election coming up pretty soon on october 27. american rapper sean �*diddy�* combs' is facing fresh allegations of rape, sexual abuse, and sexual assault. at least six new lawsuits were filed in a new york federal court monday, involving allegations spanning from 1995 to 2021. the rapper is currently in pre—trial detention for charges of sex trafficking and racketeering, which he denies. in response to the new allegations monday, his attorneys issued a statement saying "mr "combs and his legal team have full confidence in the facts, "their legal defences, and the integrity of "the judicial process." "in court, the truth will prevail and that mr combs "has never sexually assaulted anyone, adult or minor, "man or woman." let's turn to brazil — half a million people were still without electricity in sao paolo on monday three days after a huge s

expecting official confirmation of the leader of the ldp.e prime minister. nikkei up after losses. soft yen helping stocks. the israeli military has begun targeted ground raids in southern lebanon. despite international appeals for restraint. joumanna, what is israel hoping to achieve? joumanna: mmm, the key is in the statement from the idf, targeted ground raids, striking targets in villages close to the border that pose a threat to israeli communities and another comment by the idf saying 98th division has begun targeted operations, limited operations. the goal is to strike hezbollah infrastructure that could pose a threat in israel. no response from hezbollah but we heard from the attorney general and niece they were ready if israelis enter by land but of course they are operating in diminished capacity including secretary-general taken out on friday in a big airstrike. then before that operatives got injured so it is diminished and the question is how will they respond to the ground incursion. two rockets were intercepted, they were inte

we have yet l to see how that will unfold but it is true that the ldp as a whole has been arguing overrengthen our capabilities and also our alliances with partners aligned with our values and democracy human rights, and so the expectation is he will continue with that. ~ . ., , expectation is he will continue with that. ~ , ., with that. when it comes to forei . n with that. when it comes to foreign relations, _ with that. when it comes to foreign relations, how- with that. when it comes to foreign relations, how do i with that. when it comes to l foreign relations, how do you see him interacting with china and the us? it see him interacting with china and the us?— and the us? it is very evident that he understands - and the us? it is very evident that he understands the - and the us? it is very evident | that he understands the threat of china and also global impending threat to, as i said previously, international rule—based order as well as democracies and human rights. in that regard he spent a long time advocating forjapan�*s time advocating for japan's effectiveness time advocat

minister who called for a snap vote a week after office will have to form a broader coalition for the ldp boosting japanese stocks. the nikkei 225 moving up 2% on the news. >>> and china industry profits fall, the biggest decline since march of 2020. china's gdp growth grew at the lowest pace in the third quarter and recent data is raising more red flags over the economic recovery in the second largest economy. >>> and taiwan semi suspended to a chinese founder after the chip was found in a huawei process or. reuters says a tech research firm discovered the taiwan semi chip when it took apart the processor. u.s. officials were notified roughly two weeks ago. >>> still ahead, one word every investor needs to know and nearly two years after the launch of chatgpt and the a.i. arms race. our steve kovach is up with investor reaction coming up after this break. (traffic noises) (♪♪) the road to opportunity. is often the road overlooked. (♪♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move fo

with the bank of japan and the political structure as well over the weekend, which has terms in the ldping its majority. the benefit from the backdrop and potential push higher in u.s. yields is possibly dollar/yen. there's not an awful lot between here and 157, maybe a move to 162. >> and you see the euro weak innocence as well. possibly we could get to that point. euro parity, that was 15 years ago, so interesting to see the levels come back into play. again, for now, tom. we'll check back in after the election, but you see the run continuing with a strong dollar. thanks for your time. we appreciate it. >> thanks a lot, kelly. >>> tom fits pat aric. >>> coming up. oil prices sinks, iran downplaying israel's attack as the back-and-forths continue. it seems neither side wants this to fully escalade. if that's the case, does it remove a major overhang for the markets? we'll talk about that next. (cheerful music) (phone ringing) [narrator] not all multi-millionaires built their wealth the same way, you have... the fearless investor. the type a cpa. the bootstrapper. the bootmaker. yeehaw

. >> he's vowing to work on internal party reforms are to voters, pushed his ldp over a funding scandaln's marc stewart, following the story live from beijing, just explain to the wider world, want will happen here. mom hi there, max. >> good morning, christina. look, the japanese prime minister is bruised, right now. he and his party got a big defeat in the election over the weekend in japan. but he has also been defiant and he has really to task ahead of him. one in the day-to-day governance of japan, there are a long list of challenges, but to perhaps the bigger struggle is how to get work done when the support you had in the past from the legislator, the legislature in japan known as the diet, just isn't there for the moment. the prime minister feels some introspection action is needed, some reflection on what voters have said. let's take a quick listen siege to connect i recognize that the biggest reason is because people's doubts, distrust and anger regarding politics and moonlit have not gone away has two challenges despite this lack of support, what he has to build credibility j

.— against the ldp.: against the ldp. some people watching this _ against the ldp. some people watching this might _ against the ldp. some people watching this might see - watching this might see elections play out in other countries and think a majority isn't in government and that isn't in government and that isn't unusual, but it is in japan. it isn't unusual, but it is in jaan. , japan. it is, in japan because it doesn't— japan. it is, in japan because it doesn't do _ japan. it is, in japan because it doesn't do political- it doesn't do political instability. this is the where elections are not unreliable and not exciting and very boring and steady events but this election has been neither the fact that japan can no longer be relied upon as this haven of political stability is worrying notjust for the people inside the country but for allies and investors watching from the outside and thatis watching from the outside and that is what is different about this situation.— this situation. that's the oint