taiwan and the drug fentanyl. joining me now is george magnus, research associate at the china centre, oxford university. so many things on the agenda, but what will be the priority? weill. so many things on the agenda, but what will be the priority?— what will be the priority? well, i think it would _ what will be the priority? well, i think it would be _ what will be the priority? well, i think it would be a _ what will be the priority? well, i think it would be a delusion - what will be the priority? well, i think it would be a delusion to i think it would be a delusion to think it would be a delusion to think that there's going to be a sort of loving and the problem is that the countries had in trade and technology will make any headway but having said that, both leaders have a vested interest in trying to stabilise what is their most important external relationship. and there has been tittle tattle about there has been tittle tattle about the kind of things that might be forthcoming. you mention the possibility of an agreement of the chinese clamping down on the production of fentanyl and shipment of that to mexico. there's been talk about the resurrection of military dialogue between the powers that were suspended sometime ago. there's been some discussion about some icing on the cake of boosting renewables, an agreement going on behind the scenes ahead of the kop 28 summit in dubai shortly. and also the drones. and the autonomous drones, to keep them clear or away from nuclear stockpiles, so these kinds of things will represent real progress given progess given how r y h kinds of things will represent real rouress civen progess given how low ' h kinds of things will represent real rouress civen progess given how low the h kinds of things will represent real rouress civen progress given how low the relationship has become. it relationship has become. it feels it's coming _ relationship has become. it feels it's coming from _ relationship has become. it feels it's coming from such _ relationship has become. it feels it's coming from such a - relationship has become. it feels it's coming from such a low - relationship has become. it feels it's coming from such a low base| relationship has become. it feels - it's coming from such a low base any progress will be welcome. i'm looking here at the white house playing down any expectation saying it's about managing risks of a further deterioration in the relationship and i think they've only got four hours to meet so there's not a lot that can come out of it but nonetheless i think it's the idea that it's about preventing the idea that it's about preventing the relationship getting worse than necessarily making the relationship any better. necessarily making the relationship an better. ., , necessarily making the relationship an better. ., ., any better. precisely so, to the extent that _ any better. precisely so, to the extent that america _ any better. precisely so, to the extent that america and - any better. precisely so, to the extent that america and china | any better. precisely so, to the - extent that america and china agreed to talk more and discuss at least two or three or four issues where there is a harmony of interest. i think that's a good outcome but with a very kind of low threshold of success, the two countries really are poles apart when it comes to standards, values, beliefs, the way they see the world. so all progress is good. they see the world. so all progress is aood. ,, �*c ., they see the world. so all progress is aood. ,, my ., , is good. quickly for us, fundamentally - is good. quickly for us, fundamentally this - is good. quickly for us, fundamentally this is l is good. quickly for us, - fundamentally this is about is good. quickly for us, _ fundamentally this is about business and money speaks and they both need each other, as we said in the introduction, china has well—documented problems right now and china needs the us and to make the relationship work. yes. and china needs the us and to make the relationship work.— the relationship work. yes, 'ust briefl , the relationship work. yes, 'ust briefly. at �* the relationship work. yes, 'ust briefly, at this i the relationship work. yes, 'ust briefly, at this point in i the relationship work. yes, just briefly, at this point in time - the relationship work. yes, just l briefly, at this point in time given what is going on in the chinese economy, xijinping needs the stability of this relationship more thanjoe biden does, a year ahead of his own election contest. so interesting isn't it. we will keep you know —— a close eye on what emerges from the meeting from san francisco, but george, good to have you with us. on tuesday, figures out of the united states showed that inflation there has cooled — falling to 3.2% last month, and the first decline in four months. well, it was a similarly welcome slowdown in the uk today. new figures out this morning show the rate of inflation has dropped sharply to 4.6% for the month of october. that's a bit lower than was expected and is largely due to a fall in energy prices. it's down from 6.7% in september and is the lowest rate in two years, but still above the bank of england's target of 2%. uk inflation peaked at 10.7% last november. so today's figure of 4.6% means prime minister rishi sunak has met one of the five priorities he laid out — to halve inflation. but there is a limit to how much credit the government can take for the fall as energy prices settle. and of course, today's figures don't mean that prices are going down — they're just not rising as fast as they were previously. as our chief economics correspondent dharshini david reports. it's the very factor that turned up the heat on inflation, wholesale gas prices, which caused it to drop last month after a cut in the domestic energy price cap. news to warm the chancellor's heart. there's lots more work to do. we still have to bring inflation down to its target level of 2%. but now we are beginning to win the battle against inflation. we can move to the next part of our economic plan, which is the long—term growth of the british economy. here at the treasury, they'll be cheering the fact that inflation fell to 4.6%, allowing the government to say its pledge to halve that rate this year has been met. but it still means many items are getting more expensive and the work to bring down that inflation rate hasn't happened so much here, as here. the independent bank of england raising interest rates ia times, increasing mortgage repayments by over £10 billion, so dampening spending and prices of non—essentials and even more. the action has happened away from here on global commodity prices, determining energy, food costs, wherever those may hail from. across the country in milford haven and pembrokeshire, many of those higher costs are still leaving a bitter aftertaste. food costs 10% more than a year ago. eating out is almost 8% dearer. with everything going up with a rise of the gas andelectric. it's just really hard. we're getting by, to be honest. its customers, too, are still feeling the squeeze, with many prices still climbing. it doesn't feel like things have come down. a lot of things have gone up. car insurance, the council tax. we're going for a lot more gas and electricity, even though we're trying to use less. we're reducing our the amount- of time that we might have the heat on if we put it on at all. there may not be much more relief soon. bills are not as high as they were last winter by some significant margin, particularly when you take into account government support. but compared to what people were paying two, three, four years ago, it will still feel a lot higher. well, of course, its welcome that inflation has come down from record highs. but the truth is, during the course of this parliament, the cost of living crisis has hit hard for working families. last month may have served up lower inflation, but prices are still rising faster than in many other rich countries and outpacing many people's incomes. conquering this cost of living crisis isn't quite in the bag yet. those chips looked really good. in other news... the french train maker alstom has announced plans to cut 1,500 jobs worldwide as the crisis—hit group seeks to slash its sizeable debt. the move sent shares in the world's number two rail company lower. alstom posted last month a negative cash flow of 1.15 billion euros in the first half of its fiscal year, raising concerns about its financial health. the english premier league football club, manchester city, has posted a record revenue of more than $888 million for the last financial year. the team, who this year won the premier league, the fa cup and the champions league, made $124 million more than last year. they've exceeded the profits of their arch—rivals manchester united by more than $80 million. japan�*s economy contracted by a bigger—than—expected 0.5% in the three months to september, according to official data. it was worse than markets had been expecting. and it's further bad news for prime minister fumio kishida, whose poll ratings have hit their lowest levels since he took office two years ago. after decades at the helm of newscorp, media titan rupert murdoch will this week officially hand over control of his media empire to his son lachlan. lachlan will inherit the titles of chair of fox corp, fox's broadcast arm, and news corp., which publishes newspapers and books. but he also inherits a slew of challenges, including a lawsuit by another voting technology company, and a group of pension funds. our north america business correspondent michelle fleury is in new york. it really is the end of an era, because he did redefine the way we consume and by media. but as we said, his son will inherit quite a different beast.— said, his son will inherit quite a different beast. yes, you know, it's worth taking _ different beast. yes, you know, it's worth taking a _ different beast. yes, you know, it's worth taking a moment _ different beast. yes, you know, it's worth taking a moment to - different beast. yes, you know, it's worth taking a moment to reflect i different beast. yes, you know, it's| worth taking a moment to reflect on the two different individuals. on the two different individuals. on the one hand you have rupert murdoch, who at heart, has always considered himself a newspaperman, and his love of newspapers was legendary. his son is somewhat different. is more focused on the bottom line and interested in the business side of things and advertising revenue, so he brings to the running of the a different mindset, but as you say, he's going to inherit an inbox which is full of legal challenges, and all of this is against the backdrop in which we saw fox settle this lawsuit with dominion, and election voting machine company that few of us had heard of before the last election. they help make elections function but in the aftermath of that when donald trump claimed the election was stolen from him, one of the story spread on fox news was that the company was partly responsible for stealing the election and ultimately when there was a defamation lawsuit bought they were forced to pay almost 800 million. there is a company called smart matic that received a lawsuit of double that and that will be a real challenge for the company given the fact that because of discovery in the last lawsuit that there is a lot of information out there. so he will have to deal with that and also deal with a very different media market. rupert murdoch made his name with newspapers and we know that the future is digital and it's about streaming and doing things in a very different way stop the way we consume media has changed. yes. one ofthe consume media has changed. yes. one of the things — consume media has changed. yes. one of the things is — consume media has changed. yes. one of the things is we've _ consume media has changed. yes. one of the things is we've been _ consume media has changed. yes. one of the things is we've been so - of the things is we've been so focused on the lawsuits that we miss and don't talk so much about the deal rupert murdoch did selling the cable assets to disney at the top of the market which, in hindsight, turned out to be a very good deal. now if you look at the company as it stands today, the big money maker for it is news and it also has live sports but news brings in a lot of revenue for the company. it's a difficult time. we have seen lots of challenges and he's going to have to navigate a complicated presidential election next year, but no doubt with that in mind presumably you will see fox get behind the republican candidate who most likely will be donald trump.— will be donald trump. michelle, as alwa s, will be donald trump. michelle, as always. lovely _ will be donald trump. michelle, as always, lovely to _ will be donald trump. michelle, as always, lovely to talk _ will be donald trump. michelle, as always, lovely to talk to _ will be donald trump. michelle, as always, lovely to talk to you. - more on the website. we will see you very soon. we are campaigning for free school meals. it's been proven that people that have school meals make more progress in english and maths. the school counsellor at this primary in birmingham is on a mission. all children in england get free school meals until they are seven, but from year three, only a limited number are entitled.— are entitled. from year three and above, if are entitled. from year three and above. if you _ are entitled. from year three and above, if you earn _ are entitled. from year three and above, if you earn more - are entitled. from year three and above, if you earn more than - are entitled. from year three and - above, if you earn more than £7,400, then that _ above, if you earn more than £7,400, then that figure that hasn't changed for a long _ then that figure that hasn't changed for a long time, you're not entitled to free _ for a long time, you're not entitled to free school meals that we have parents _ to free school meals that we have parents on — to free school meals that we have parents on low incomes working two or three _ parents on low incomes working two or three jobs to make ends meet earning _ or three jobs to make ends meet earning just over that amount of money— earning just over that amount of money and then they have to pay for school _ money and then they have to pay for school meals as well on top. in school meals as well on top. northern school meals as well on top. in northern ireland, the income threshold is double, at £14,000, and in scotland and wales, free school meals for all primary aged children are being rolled out. in london, they currently get free meals to. i feel a bit disappointed, because they had it, then that's not fair on us. they had it, then that's not fair on us. ., ., they had it, then that's not fair on us. ., ., ., . ., they had it, then that's not fair on us. the food foundation charity says the income — us. the food foundation charity says the income threshold _ us. the food foundation charity says the income threshold to _ us. the food foundation charity says the income threshold to qualify - us. the food foundation charity says the income threshold to qualify for l the income threshold to qualify for free meals is too low. the children say they will continue pushing for change for their health. for more stories from across the uk, head to the bbc news website. hello from the bbc sport centre. hello there, welcome along. let's start at the cricket world cup where virat kohli has scored his 50th odi hundred, breaking the record of fellow indian legend sachin tendulkar. kohli's milestone occured in the first semi—final against new zealand in mumbai where the hosts were brilliant with the bat. india captain rohit sharma won the toss and hit a rapid 47 runs in 29 balls before he was dismissed. in came kohli, who was imperious from the start. he set about looking to break his hero tendulkar�*s record and did it in front of him with a century that included 11 boundaries. shreyas iyas smacked a 67—ball century leaving new zealand needing a mammoth 398 to reach a third final in a row. in reply, new zealand are already up against it, they've lost two wickets early but captain kane williamson and daryl mitchell are building a partnership, new zealand are currently 151—2