Our north america business correspondent ritika gupta has the details. The 0. 5 percentage cut brings its key interest rate, the federal funds rate down to between 4. 75 and 5%. It comes amid signs of inflation in america is continuing to fall while thejob market america is continuing to fall while the job market remains strong even as unemployment has risen this year. The strong even 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 condition and our intentions with— condition and our intentions with our— condition and our intentions with our policy move today is to keep — with our policy move today is to keep it _ with our policy move today is to keep it there. You can say that— to keep it there. You can say that about _ to keep it there. You can say that about the whole economy. The us— that about the whole economy. The us economy is in good shape. _ the us economy is in good shape, growing at a solid pace, inflation — shape, growing at a solid pace, inflation is _ shape, growing at a solid pace, inflation is coming down, the labour— inflation is coming down, the labour market is in a strong paca — labour market is in a strong ace. ~. , labour market is in a strong ace,. . ,. , 4' , pace. We want to keep it there. In addition, _ pace. We want to keep it there. In addition, the _ pace. We want to keep it there. In addition, the committee in addition, the committee setting rates release its latest forecast which showed policymakers expecting to cut rates by a further 0. 5%. That would us interest rates below 4. 5% by the end of this year. While these rate cuts initially only affect short—term borrowing costs for banks, they should spill over to consumer loans such as mortgages, auto loans such as mortgages, auto loans and credit cards. Robert heller, the former governor of the fed from 1986 to 1989, explained why the central bank should have gone with a smaller cut instead. It is reasonably strong and doesn't need all that additional stimulus, doesn't need all that additionalstimulus, doesn't need 50 basis point cut. But it gives i think in his own mind and the feds in mind it gives and the feds in mind it gives an insurance growth will continue and that unemployment will stave off. — will stave off. What does it mean the _ will stave off. What does it mean the regions will stave off. What does it mean the regions outside l will stave off. What does it i mean the regions outside the us? for us in asia, what are the implications?— the implications? lower interest _ the implications? lower interest rates _ the implications? lower interest rates in the implications? lower interest rates in the the implications? lower. Interest rates in the united states will also mean the dollar will probably be a little bit weaker and therefore it will be tougher to compete in the us market for chinese, japanese, asian economies in general. Japanese, asian economies in ueneral. ~. , , japanese, asian economies in ueneral. . General. What is your expectation general. What is your expectation going general. What is your expectation going forward for the rest of the year? do you think they will follow with 15 basis point moves in the next rate cut?— rate cut? that is basically what jerome _ rate cut? that is basically what jerome powell rate cut? that is basically what jerome powell is rate cut? that is basically what jerome powell is promising whatjerome powell is promising and he always puts a lot of emphasis in signalling future events, future fed actions, something that i also disagree with. You should just do the things when you think the time is ready instead of talking about it a lot. So to answer your question, yes, iwould expect another cut of 50 basis points or two cuts of 50, 25 inaudible. We turn now to the latest news from boeing. The plane maker has begun temporarily furloughing staff, as it tries to cut costs amid the ongoing strike in seattle and origen. The company says tens of thousands of employees in the us — including executives and managers — will be affected. The selected staff will take one week of furlough every four weeks on a rolling basis. Sharon block who was a labour policy advisor during the biden and obama administrations, laid out what's different about this current strike from the previous one in 2008. I think there are some tough negotiations going on that what this signals, today the companies were back at the bargaining table today, back with a mediator — so hopefully that will be helpful. But the company imposing these furloughs i think is trying to send a signal and affect negotiations at the table. And the union is trying to do the same — the union came away from the bargaining table today expressing disappointment with the posture of the company, saying that they didn't think that they were taking their concerns, the members' displeasure. So as is often the case around the bargaining tables, you've got both parties trying to send signals to each other and to those outside the negotiations about where they think they are and how serious a matter this is. The last time boeing faced a strike was in 2008. What's different this time around? we do still in this country have a pretty strong labour market. That's an important dynamic, certainly for the union in trying to figure out how much leverage they have at the bargaining table. But i'd say another really big, important difference is just how much trust, i think, has been lost between the union and this company since that last strike. A lot has happened between these two parties in those intervening years. You had that strike, but then you had the company moving an important part of their manufacturing out of the company's traditional home in the northwest to south carolina. Seemingly they didn't hide the purpose very much — to get away from the union. You had other threats — in 2020, you had a similar move of work to the south, a place that is very not hospitable to the unions, you had pressure from the company on the union in negotiations in 2013—�*14 where the union felt forced to give up its traditional pension benefits — something that really hurt the union. So i think the union now, in seeing that we do still have a pretty tight, pretty strong labour market, wants to exercise the power that it believes it has to deliver for its members on the things that are most important to them. And i think they're just not a lot of trust along the table — that management is playing fair with them. The bbc has learned that some x users in brazil have regained access to the social media website. This was made possible after x, which is owned by tech billionaire elon musk, moved their service to servers hosted by cloudflare. That's according to brazil's leading trade group for internet service providers. The change makes it much harder to block applications on phones, the trade group said. X, formerly known as twitter, was banned in the country in august. The 78—year—old tupperware brand had a brief arrival during the pandemic when the lockdowns led to a lot of people cooking meals at home. Australia is being urged to follow peru and new zealand to legally protect surf breaks to boost tourism and well—being. A new survey from the australian national university says surfing injects around $2 billion into the economy there each year. Breaks like coral reefs help waves to collapse or plunge. From sydney, phil mercer reports. Surfing in australia has a proud history. A pioneer was the hawaiian legend jude kahanamoku, who showcased his skills here more than 100 years ago. But researchers say australia's world—class surf breaks need more legal protection. Unfortunately, because of a growing number of pressures including climate change, coastal erosion, and competition for coastal spaces, the elements that make those waves possible are on many occasions endangered, because i don't think the lack of protection right now is deliberate, i think it'sjust surf breaks, currently they fall in a blind spot for policymakers. Peru and new zealand have comprehensive measures to safeguard popular surfing spots. In australia, the sport has great social and economic value. From beginners to salt—water veterans, surfing generates about $2 billion a year in australia. Its very long coastline is arguably its greatest natural treasure. The ocean is like a magnet for board riders who relish their support�*s physical and psychological benefits. Love it. I've had the business for 30 years. Just looking forward, i just see it as being a slow growth. We try not to grow too fast here like the surf school, because you don't want to crowd out the ocean. With too many surfers. Surfing is an olympic sport and its global appeal is growing. The world surf league has recently taken events over to india, and there has been professional surfing there and in china for over a decade now as well. So anywhere there's ocean and rideable waves, there seems to be a surfing contingent these days. The government estimates there are more than 720,000 active adult surfers in australia. There are probably many more, when children and international tourists are accounted for. Australia is sort of seen as the country to surf. Ijust thought i would love to be able to teach people and share the joy of surfing, and it's nice to not be working in the office, it's nice working at the beach and getting sunshine and being in the water all day. For those chasing the perfect wave, surfing is about embracing the power of nature. For them, it's a gift that should be protected. Phil mercer, bbc news, sydney. We end this wave to shore for this edition of business today. Goodbye for now. Hey, i'mjulia with the catch—up. Tonight — mr beast is under fire, the sims comes to life, and ed sheeran's surprise private gig. But first — sir keir starmer�*s chief of staff got a pay raise after the election, which means she earns a bigger salary than the prime minister. We've heard that sue gray asked for £170,000 a year, and got it — meaning she gets £3,000 more than keir starmer — although a government source said she had had no involvement in any decision on her pay. Some other stories now — and an update on child 0, the scandal where a police officer strip—searched a child in december 2020. The role of police officers in schools in hackney is going to be overhauled. It's because a report found that the search of a 15—year—old black girl by a police officer was unjustified, and racism was likely to have been a factor. Youtuber mr beast has been named in court documents from participants on his upcoming series beast games. They allege they weren't paid, were subjected to unsafe conditions, and experienced sexual harassment — and now they're suing the show�*s production companies. Newsbeat has contacted mr beast for comment. And a movie about the sims is officially happening. Electronic arts, which makes the game, announced they were working with amazon mgm on the film. And it's been confirmed that margot robbie's production company are involved, as well. And here's ten seconds of a surprise ed sheeran serenade. Any requests? that is such good motivation to go for a run. You're all caught up now. See ya. Hello and welcome to sportsday with me, will perry. Coming up: it's a dream night for celtic in the champions league as they hit five in glasgow! italy mourns the death of their icon of italia 90, toto schillaci. And we'll hear from harry brook as he prepares to lead england for first time in the one—day series against australia. Welcome along. Thanks forjoining us. Six games in the champions league on wednesday. Celtic overpowered slovan bratislava at celtic park to get their campaign up and running in style.