Major markets in china. What you make of the figures? a good da for you make of the figures? a good day for china _ you make of the figures? a good day for china investors _ you make of the figures? a good day for china investors today. I day for china investors today. Not a surprise given the number of factors impacting the china market today. The largest being stimulus and hopes of more stimulus. Just before the golden week holiday we heard of a number of measures designed to boost the china's economy, including a cut in rates as well as extra liquidity to boost bank lending and about $350 billion to support china's stock market as well. We know there is another announcement by the ending rc in about 30 minutes' time and ahead of that announcement, we are seeing expectations rent further economic policies —— ndrc. In singapore, we are seeing the iron ore price up by 2. 9% and in australia where senior tree market, which is heavily reliant on commodities, go from a very weak open to looking relatively flat with the miners moving higher. So we are anticipating another announcement in 30 minutes, but is strong openerfor announcement in 30 minutes, but is strong opener for china investors. Is strong opener for china investm— is strong opener for china investors. ~ , investors. Indeed. We will be watchinu investors. Indeed. We will be watching the _ investors. Indeed. We will be watching the press _ investors. Indeed. We will be | watching the press conference in just under half an hour. When it comes to the recent stimulus measures, how far can they go in terms of actually generating and changing what are some often structural problems that come about in china's economy?— problems that come about in china's economy? there have been if you — china's economy? there have been if you false _ china's economy? there have been if you false terms china's economy? there have been if you false terms when | china's economy? there have l been if you false terms when it comes to turning around china's fortune at this part of the cycle, but looks like the stimulus measures, which are the largest since the pandemic, look to show an extra result for china to turn around what has been driving the weakness in terms of the china markets. We have a look at the manufacturing numbers and they are still weak. The latest raids on china pmi were up 48. 8 and below that level of 50 which separates contraction from expansion, and if you look at the manufacturing numbers which look at small businesses, 49. 3, and still we know the markets are forward—looking, which is why we are seeing a big jump in terms of the market and that is because markets react before events happen. In conjunction with the stimulus announced in terms of golden week, expectations of extra stimulus is driving hopes that will really help the property sector, which has been a major drag on the chinese economy. Before electrical command briefly, when it comes to oil markets, they have been rocked in recent times due to the ongoing tensions in the middle east. How exposed is china? {iii east. How exposed is china? oil rices east. How exposed is china? (1) l prices are so important, not only to china, but companies across the globe. We know that fundamentals are a strong driver of any future price. And oil prices, it feeds into earnings expectations on any company that is listed outside the market. That is because transportation costs are parts of good and services that make it a part of good and services. It acts as a dampener if prices rise in terms of expectations and last grease or oil prices surging, the energy sector was the best performing sector and starting this week, we are seeing oil price is trading above 80 us a barrel. A major risk to the rallies oil prices and the impact it has in terms of dampening earning expectations. Of dampening earning expectations. Of dampening earning exectations. . . , ~ expectations. Julia lee, thank ou for expectations. Julia lee, thank you forjoining _ expectations. Julia lee, thank you forjoining me, _ expectations. Julia lee, thank you forjoining me, and expectations. Julia lee, thank you forjoining me, and we i expectations. Julia lee, thank. You forjoining me, and we have seen the markets in china happening up about 12% and i8%. Some other stories that are breaking news. A hearing from google it will appeal a ruling in the us which says the firm must open its app store to competition. It is the latest development of an antitrust case brought by fortnite's maker epic games. On monday, a usjudge issued an injunction which takes effect in november. This blocks google from paying developers to use its google play store exclusively. A usjudge has authorised a bankruptcy plan for ftx to return money to customers, using over $16 billion in recovered assets. The crypto exchange's collapse in 2022 left customers and investors facing billions of dollars in losses. Most stakeholders will get their money back under the deal. Let's turn to south korea, where samsung electronics hasjust forecast an over 270 percentjump in its third quarter operating profit. Despite this, the world's largest memory chip, smartphone and tv maker missed analyst expectations. It has struggled to tap into the strong demand for artificial intelligence processors. For more, let's speak tojung ng yoon from hedge fund fibonacci asset management global. The forecast for the third quarter earning was it plans to record. . . ':: j~ quarter earning was it plans to record. . . ':: j~. , quarter earning was it plans to record _ record. . . 10. 8 trillion won in rofit. Record. . . 10. 8 trillion won in profit. Today's _ record. . . 10. 8 trillion won in profit. Today's reserve record. . . 10. 8 trillion won in profit. Today's reserve is profit. Today's reserve is below the consensus with only 79. 3 trillion won for sales. . . If you look in the breakdown on the drm side with the expectation and exception of hbm, we continue to hear the demand situation is bad so the possibility of the adam price following early next year is also increasing. Also hearing that the fault of a handset sales are not good for mobile phones, another dragon the profit margin. The downward trend in memory price is acting for a headwind forfuture for a headwind for future earnings so we anticipate the future estimates will continue to go down. Future estimates will continue to go down— future estimates will continue to. Down. . . , to go down. Thanks and has been very competitive _ to go down. Thanks and has been very competitive in _ to go down. Thanks and has been very competitive in traditional very competitive in traditional chips, but demand for those chips, but demand for those chips is a decreasing —— samsung. How competitive is it when it comes to ai chips? if you compare with the rival, already supplying to nvidia, samsung is still struggling to pass the quality test and the future earnings or may be determined by how many big tech companies samsung can supply any future and the delay in passing the chip qualifying test, that increase patient performance and the continued sluggishness will drag down the earning well into the fourth quarter. The global head of uber says cheap chinese electric vehicles entering uk and european markets are ultimately good for the environment. Simonjack and said the company wanted to electrify its fleet of cars and that tariffs aren't helping. I think cheap chinese vehicles are a good thing for the environment. I will tell you that the china's transitioning from notjust being cheap, but also being high quality as well. And for us, we want to electrify our fleet and we want to make sure it is affordable for our drivers to switch over to evs. The political considerations of tariffs, etc are not something we can comment on, etc, but ourfocus is on the environment and we think chinese vehicles that are low—cost, high—quality could be very important part of the switch over to evs. D0 very important part of the switch over to evs. Do you have a video on _ switch over to evs. Do you have a video on tariffs? _ switch over to evs. Do you have a video on tariffs? good switch over to evs. Do you have a video on tariffs? good or switch over to evs. Do you have a video on tariffs? good or bad | a video on tariffs? good or bad thing? they make these cars more expensive in these markets. It more expensive in these markete— more expensive in these markets. �* markets. If i'm taking a pure climate view, _ markets. If i'm taking a pure climate view, it _ markets. If i'm taking a pure climate view, it would markets. If i'm taking a pure climate view, it would be climate view, it would be negative, just being honest. Are we just at the moment of revolution and disruption, and did all these cases, we have disruption, you have some people, some legacy players who do not make it? pare people, some legacy players who do not make it?— do not make it? are we at that moment right _ do not make it? are we at that moment right now? _ do not make it? are we at that moment right now? that do not make it? are we at that moment right now? that is do not make it? are we at that| moment right now? that is the definition of destruction. Every revolution, changeover and platform usually starts with a huge amount of momentum, then you have to keep pushing and it will go through a period of difficulty, which i think we are an evs, you have to keep pushing through, the fact is that change can affect some players negatively, but this is a change in the name of climate and emissions and i believe we have to keep pushing forward. What do you say to the consumer, the uber and samer? you say you should be able to have a preference for an ev vehicle? are you telling consumers to be more patient and wait foran consumers to be more patient and wait for an ev?— and wait for an ev? were settin: and wait for an ev? were setting no _ and wait for an ev? were setting no a _ and wait for an ev? were setting up a new and wait for an ev? were setting up a new product| and wait for an ev? were setting up a new product that we are offering for writers, for them to set an ev preference. We will only dispatch an ev if the difference between the only a of minutes. We not saying wait 15 minutes, but if you have to meet in their territory minutes to help the environment, why not make that investment in terms of your own time? australian airline qantas has apologised after passengers on one of its flights were shown a sexually explicit movie. Without being able to turn it off. A technical error meant the film played on every screen on the flight from sydney to tokyo. Everyone on board, including families with young children, were subjected to almost an hour of graphic nudity and sex scenes. Qantas is currently reviewing how the film was selected. Just before we go. A recap of our top story, china's stock markets have surged after the are critical to make a reality. The shanghai composite is happy percent and the shenzhen composite jumped 20% in the open, no opulent 11%. The latest from press conference becoming the next 20 minutes —— the shanghai composite is up 8%. To stay with us, that is up next. Hey, welcome to the catch—up. It is a year on from the october 7th attacks and we'll be hearing from people living in and gaza. First tonight, israel, hamas and hezbollah launched my results on monday. The israeli army says over 100 missiles were fired by his brother boot into israel. In gaza, people have been killed on a refugee camp by israel that has been reported by hey hamas affiliated news outlet. An attack was repelled by forces in yemen. Across the world and it is remembering alaska's october 7th attacks, in which hamas killed hundreds of people and took hundreds hostage. They have asked mike the terra sumy and assured me in my leg. The terra sumy and assured me in my leg— in my leg. The terrorists shot me — in my leg. The terrorists shot me and _ in my leg. The terrorists shot me and i _ in my leg. The terrorists shot me and i like. In my leg. The terrorists shot me and i like. It in my leg. The terrorists shot me and i like. It was l in my leg. The terrorists i shot me and i like. It was the saddest day in my life. In this day, lost ten of my friends and two of my friends they kidnapped and they're still there in gaza until today. This there in gaza untiltoday. This women is _ there in gaza untiltoday. This women is from _ there in gaza untiltoday. This women is from gaza there in gaza untiltoday. This women is from gaza and there in gaza until today. This women is from gaza and her film women is from gaza and herfilm from aljazeera won an emmy last month. From aljazeera won an emmy last month— from aljazeera won an emmy last month. We need to praise the resilience _ last month. We need to praise the resilience of— last month. We need to praise the resilience of our _ last month. We need to praise the resilience of our people i the resilience of our people and — the resilience of our people and how— the resilience of our people and how are people are resisting daily the betrayals, lee israeli trials to delete them _ lee israeli trials to delete them. If— lee israeli trials to delete them. ,. , lee israeli trials to delete them. . ,. , ~. , lee israeli trials to delete them. . ,. ,~. ,. , them. If you want to know more about all this, _ them. If you want to know more about all this, we _ them. If you want to know more about all this, we have them. If you want to know more about all this, we have a about all this, we have a panorama special on the bbc iplayer. That is as per tonight. Take care and have a good night. Hello there, i'm olly foster. Here's what's coming up for you on sportsday. Manchester city claim a legal victory, but so do the premier league. If there is a winner, then what will the impact be on the business of football? england's women edge closer to the semifinals at the t20 world cup, with their second win at the tournament. And chasing the america's cup dream in barcelona — we'll hear from the ineos britannia skipper ben ainslie. Hello there, welcome along. An independent arbitration panel dealing with manchester city's legal challenge against the premier league's associated party transaction — apt — rules has published its decision. It's found in favour of city regarding two