It has come down slightly, Nudging Par 77 a barrel. To explain why markets responded so quickly on thursday, heres our economics editor, faisal islam. In the aftermath of irans ballistic Missile Attack and as we wait for news on Israels Response there has been a rise in the price and that means since the attacks it is up 10 to over 77 a barrel on the Brent Crude measure, still down on the year because of local economic concerns but the spike up economic concerns but the spike up occurred immediately after president biden added to Suggestions Israel would target Irans Oilfacilities. Reporter would you support israel striking Irans Oil facilities . Israel striking Irans Oil facilities . ,. , facilities . We are discussing that. I facilities . We are discussing that. |think facilities . We are discussing that. L think that facilities . We are discussing that. I think that would facilities . We are discussing that. I think that would be i facilities . We are discussing that. I think that would be a | that. I think that would be a littlem that. I think that would be a little. ~ , little. Markets reacted. Most exorts little. Markets reacted. Most exnorts go little. Markets reacted. Most exnorts go to little. Markets reacted. Most exports go to china. Little. Markets reacted. Most exports go to china. Israelis i exports go to china. Israelis could choose to target the iranian Government Funding by hitting Oil Export facilities or refineries crucial for making domestic petrol supplies. Some reported Petrol Queues already in a run. These could disrupt not necessarily upper end global Energy Markets. If that happens there is enough Surplus Oil Production in Saudi Arabia and the uae to make up the difference but would they . Then the Big Question is what would beat Irans Response to any israeli action . Much attention will focus on the straits of hormuz, between iran and omagh and, if iran tried to block it, 20 Million barrels per day or a fit of the worlds oil production, notjust around production, not just around thes production, notjust around thes but every country in the gulf would not be able to transit their Crude Oil Tankers and this is notjust oil. The Worlds Dependence on russian gas has been replaced by shipments of Liquefied Gas from qatar also needing to transit that straight. That is the Nightmare Scenario and could be passed on in petrol and domestic Energy Costs and all this when the world and households were emerging from that last energy shock. There is nothing certain about this but with the us president adding to thejitters, but with the us president adding to the jitters, Energy Markets are responding to heightened risks that could affect us all. Joining me now is nitesh shah, head of commodities and macroeconomic research at wisdomtree. When it comes to Brent Crude, what would be be talking about . The scale of the problem, is it uncertainty, voluntary or is there a current Supply Issue . I think it is more to do with the fact there is a risk this conflict could escalate and if it escalates, in terms of israel targeting Irans Oil assets, that would take supply of the market very suddenly and that would tighten the market more than it is now. Iran is an exporter of around 1. 6 to around 1. 8 million barrels of oil a day and that is roughly about 1t of global exports, so quite a meaningful amount. Joe biden� s comments to say that the attacks are something being discussed, something On The Table right now, is causing marketjitters. But as you corresponded explained, the Oil Markets have surplus at the moment in terms of capacity, so while a lot of these organisations. Opec are not producing to theirfull organisations. Opec are not producing to their full extent, if they were too, they could potentially make up for the shortfall but that takes time to put through. Shortfall but that takes time to put through. How long would that shortfall to put through. How long would that shortfall all to put through. How long would that shortfall all that that shortfall all that capacity last for . That shortfall all that Caaci Lastfor . , capacity last for . That could be a Matter Capacity last for . That could be a matter of capacity last for . That could be a matter of a capacity last for . That could be a matter of a Week Capacity last for . That could be a matter of a week or. Be a matter of a week or several weeks, be a matter of a week or severalweeks, but be a matter of a week or several weeks, but i guess one of the bigger concerns is the geographical location of iran right next to the strait of hormuz. It is the worlds most important Choke Point in terms of transit of oil, so notjust Irans Oilfacilities of transit of oil, so notjust Irans Oil facilities that are under concern, it is the movement of oilfrom under concern, it is the movement of oil from other countries around iran and therefore, even if other countries like Saudi Arabia or the united arab emirates were to increase their oil supply, whether that oil could reach international markets is also of concern, so that is why Oil Prices reacted quite suddenly to that prospect of the attacks on iranian Oil Facilities to that prospect of the attacks on Iranian Oilfacilities being on Iranian Oilfacilities being On The Table. On iranian Oil Facilities being On The Table. On iranian Oil Facilities being On The Table. Thank you very much for On The Table. Thank you very much for that. On the table. Thank you very much for that. Thank On The Table. Thank you very much for that. Thank you. I to the us now, where striking Port Workers on the East And Gulf coast will head back to Work Today after the Union And Port authorities reached a tentative deal on wages. Tens of thousands of dockworkers will return to Thejob Untiljanuary after the union agreed to suspend strike action. Michelle fleury has the details. If you look back two days ago when the strike began there was a lot of talk about wages. Now on that issue at least there seems to have been progress, reading the statement from the union representing those dock workers. They set a tentative agreement had been reached on wages stop it the employers represented by the United States Maritime Alliance have increased and boosted their Pay Offer to stop specific details were not fully aware are but they have given themselves, suspended the strike, so in other words tens of thousands of dockworkers along the East And Gulf coasts will return to the job, and Gulf Coasts will return to thejob, at lEast And Gulf coasts will return to the job, at least untiljanuary the job, at least until January 15 the job, at least untilJanuary 15 and the idea is to try and get both sides time to return to the Negotiating Table and work on some of those lingering issues. We know and there were questions about whether or not there would be any improvement on Retirement Benefits offered on Retirement Benefits offered on healthcare, but perhaps the biggest issue of all was automation and when i was at the Picket Line earlier this week at the port of newark, one of the busiest on the east coast, there were lots of signs, people saying automation doesnt feed family, a lot of Anger And Concern that essentially had advanced technology would replace them and theirjobs and that is what they saw this fight primarily as being about, so the question is will there be any progress between now and January 15 . I reached out to the union, the ila, but have not heard as to whether there has been any movement on this key issue. To the us now, where markets will be keeping a keen eye on the Latestjobs Report for september, due out today. Investors will be watching the data closely for signals as to whether the Central Bank, the Federal Reserve, will be able to deliver another large Interest Rate Cut. For what to expect, lets cross to New York and our North America Business correspondent ritika gupta. Septembersjob report Septembers Job report you Septembersjob Report you on friday is expected to show the us Labour Market is slowing but remains on solid ground. The Federal Reserve is closely watching for signals on the health of the Labour Market as inflation recedes and the next two Employment Reports will be critical in shaping the feds November Policy decision. The Jobs Data in september was expected to stay tame with estimates of 150,000 jobs added, as steady an Impairment Rate of 4. 2 and a modest increase in wages but the same cannot be said for the October Jobs report set for release on november one, just days before the president ial election. That months data could be heavily distorted by the devastation from hurricane helene, the ongoing boeing machinist strike. And the strikes at the us port along the East And Gulf coasts. This would make september the last so called clean report before election day. Ritika gupta there. To help unpack all of this, joining me now is chris campbell, Founder And Ceo of consultants incamera solutions. Chris is also a former us assistant Treasury Secretary for financial institutions. Welcome to the programme. What are your expectations of a Data Report Today . We are your expectations of a Data Report Today . Are your expectations of a Data Report Today . We expect pretty much flat jobs Report Today . We expect pretty much flat jobs Report Today . We expect pretty much flat jobs pretty Report Today . We expect pretty much flat jobs pretty much i much flatjobs pretty much flatjobs number. I think that was what the reserve are signalling by its Half Point Cut when it met last perhaps a tightening economy in the united states. I think. Tightening economy in the united states. Ithink. It tightening economy in the united states. I think. It is also a critical time, the president ial election in november. The necks and probably the last Majorjobs Report that would allow the Federal Reserve to be able to make a move prior to the november five elections and so we expect and i do expect it will come in some around 150,000 with really modest increase in wages but certainly a slowing ofjobs in the united states, which is one of the dual mandate the Federal Reserve has which is inflation, wages and jobs. 50 reserve has which is inflation, wages and jobs. Wages and obs. So many questions wages and jobs. So many questions and wages and jobs. So many i questions and speculations wages and jobs. So many questions and speculations as to where we are with the american economy. You are saying it is tightening . Saying it is tightening . Yes. The federal saying it is tightening . Yes. The Federal Reserve, saying it is tightening . Yes. The Federal Reserve, if saying it is tightening . Yes. The Federal Reserve, if it i the Federal Reserve, if it makes a big move by lowering Interest Rates by 50 Basis Points, like they did last, that kind of a big move, you only do that for one Reason And Thatis only do that for one reason and that is to jumpstart the economy, to make the cost of Borrowing Capital a little easier and so. And the reason. One of the reasons the Federal Reserve would do thatis the Federal Reserve would do that is they see perhaps a slowing of eitherjobs or wages in the upcoming months ahead. 0k, thank you very much for that. , ~ 0k, thank you very much for that. ~ ,. , to the uk now, where the value of the pound took a hit on thursday after comments from the Bank Of England governor, Andrew Bailey. Speaking to the guardian, Mr Bailey said that more good news on inflation could allow the uks Central Bank to be a bit more aggressive in its approach to Interest Rate Cuts. Well, that was enough to see the Pound Drop more than 1 against the dollar, bucking a trend of recent climbs. Joining me now is james hughes, co founder of financial content provider prezco. What did you make, first off, of Andrew Baileys comments . Andrew bailey is playing catch up. That is the key point. He is not necessarily saying we dont already know and he is pretty much stating the obvious. We know these Central Banks for a long time may be looking at inflation to see when they can cut these high Interest Rates we have had, but he is playing catch up because over the last month, at the September Meeting the Bank Of England did not do anything but we saw the european Central Bank and the us Federal Reserve both cut Interest Rates, so the Bank Of England is lagging behind. Yes, they are different economies, but differently lagging behind, so we know this, we know they need lower inflation for the rest rates to be cut but it is one of those points were Andrew Bailey can store things along, get people back on side and say, here we are, we are planning for this, here we are, we are planning forthis, but here we are, we are planning for this, but that has not abated the pound. For this, but that has not abated the pound. How do you see that going . Abated the pound. How do you see that going . You abated the pound. How do you see that going . You say abated the pound. How do you see that going . You say they i see that going . You say they have plans in place, it is affecting the pound. How do you see this unfolding . I affecting the pound. How do you see this unfolding . See this unfolding . I think at the last meeting, see this unfolding . I think at the last meeting, of see this unfolding . I think at the last meeting, of course, | the last meeting, of course, they really did Hend November would be the case when we saw that Interest Rate Cut and this is probably for two reasons. Hend. We know inflation is coming back down, 2 is the target but around 2. 2. 5 2. 25, so that is a reason they did not couple in september. They cannot have this Interest Rate diversion to go to much. There are two points, the fact there is the political issue that comes with seeing all of your counterparts cut Interest Rates while they remain high in the uk and on the other side, people are struggling still, they need these Debt Payments to be cut, so november looks like the case and i think the question will be if it will be a cut in november and in december of 25 Basis Points or whether we get a 50 basis Point Cut in november and we leave december alone. , w , november and we leave december alone. , w ,. , november and we leave december alone. , v ,. ,. , alone. Very quickly, i want to brina alone. Very quickly, i want to bring geopolitics alone. Very quickly, i want to bring geopolitics at alone. Very quickly, i want to bring geopolitics at all alone. Very quickly, i want to bring geopolitics at all of bring geopolitics at all of this. All eyes on the Middle East. Will this also play quite a huge role in what happens . In the markets and in the pound, yes, these things are always having effects on the market, you will see volatility. It will not have take necessarily our own Interest Rates but we are seeing heightened volatility on the back of this conflict in any news that comes in on an hourly basis drives these markets to be a lot more volatile than they normally would be. Volatile than they normally would be volatile than they normally would loo volatile than they normally would be. , ~ ,. Around the world and across the uk, this is bbc news. To brussels now, as the electric Vehicle Race heats up. The European Union is set to vote today on Whether Tariffs On Evs from china should be hiked. If the vote passes, chinese made evs could face tariffs as high as 45 across the eu in response to concerns they are flooding the market with cheap imports. Reports suggest germany may vote against the move, but that there is enough support for it to pass. For more, im joined by Hosuk Lee Makiyama from the Think Tank the European Centre for international political economy. Hello and welcome to the programme. The vote possibly passing. How do you feel about this . It passing. How do you feel about this . , ,. , passing. How do you feel about this . , ,. , this . It seems germany and its allies have this . It seems germany and its allies have gathered this . It seems germany and its allies have gathered around allies have gathered around seven or eight votes and this is one of the very few decisions in the European Union where you have a reverse qualified majority, meaning in order to block an initiative you need a qualified majority which basically means it is nearly impossible to stop these tariffs for now. Tariffs for now. What happens then . If it tariffs for now. What happens then . If it is tariffs for now. What happens then . If it is past, tariffs for now. What happens then . If it is past, how tariffs for now. What happens then . If it is past, how will. Then . If it is past, how will things play out . Then . If it is past, how will things play out . Here is the things play out . Here is the thin things play out . Here is the Thing China things play out . Here is the Thing China has things play out . Here is the Thing China has already. Thing china has already announced potential retaliation against inaudible and these are items carefully selected based on how they suspect the European Countries vote. Obviously, countries like scandinavia, who are probably against these tariffs, will not affected as much as those who have been in favour of tariffs and china can also selectively choose to apply these retaliating tariffs on countries they deem as hostile to chinese inaudible interests. Lets just say the vote passes, how resilient is the chinese Ev Market . What are they are options . Options . Quite. Powerfully because they options . Quite. Powerfully because they dont options . Quite. Powerfully because they dont trade i options . Quite. Powerfully| because they dont trade as much with the European Union and if you look at the Market Share of the indigenous chinese brands like byd and unknown term, you will see the chinese the Question Ev Maker account for almost. Of how bus will ;es keep the question of how bus will see zeep the question of how bus will see thew the question of how bus will see the chinese term, you will see the chinese Ev Maker Account for almost. Slightly less than 1 of the slightly less than 1 of the European Auto market. The European Auto market. The chinese evs are mostly catered chinese evs are mostly catered for the Domestic Market where for the Domestic Market where there are quite a lot of there are quite a lot of subsidies for consumers and subsidies for consumers and they are fairly limited to they are fairly limited to small range cars which small range cars which basically means they are not basically means they are not very effective on the european very effective on the European Market to begin with. This is market to begin with. This is one of the reasons you have one of the reasons you have very few players coming to the very few players coming to the of how businesses keep European Markets in the first European Markets in the first place. What we see mostly place. What we see mostly actually being traded between actually being traded between china and the European Union is china and the European Union is tasteless made in shanghai. fiiq tasteless made in shanghai. fiiq tasteless made in shanghai. 0k, Thank Ou Tasteless made in shanghai. 0k, thank you very tasteless made in shanghai. 0k, thank you very much indeed for tasteless made in shanghai. 0k, Thank Ou Tasteless made in shanghai. 0k, thank you very tasteless made in shanghai. 0k, thank you very much indeed for that. Teslas. As Military Conflict rages in multiple regions around that. Is we need protection the world, the Question Finance is we need protection and i think we can cope with this challenge. We have done in our company thatjob, to make sure all nuclear power units are operationalfor the sure all nuclear power units are operational for the coming winter and now we rely a lot on our Air Defence Force partners and part is that we have enough ammunition to protect these Power Plants against attacks. I spark to you after spoke to after the war broke out and you spoke about the challenges. Here we are entering its third year of war. Did you ever think this war could go on for so long and you would still be facing these sorts of challenges . Facing these sorts of challenges . Facing these sorts of challenues . G. ,. , challenges . My opinion is that ou can challenges . My opinion is that you can never challenges . My opinion is that you can never be challenges . My opinion is that you can never be prepared challenges . My opinion is that you can never be prepared for| challenges . My opinion is that | you can never be prepared for a war. Physically or even mentally. But you should not just think every day when this war inaudible. You have to fight and the stronger you are, the more resistant, then the sooner this war will be over. And you can see the full interview with Maxim Timchenko on this weeks Talking Business with Ben Thompson here on bbc news. And finally we head to Las Vegas. For years known as sin city, with gambling and late nights some of its main selling points. But it has been undergoing something of a rebranding, attempting to shift its identity as a hub for sports and entertainment. And apparently for uk, its proving quite a draw, with over 500,000 brits hitting the strip last year. Joining me now is steve hill, chief executive of the Las Vegas convention and visitors authority. Welcome. First off, is Las Vegas in a good position to make this transition, to diversify . Make this transition, to diversify . Make this transition, to diversi . ,. , diversify . Good morning and thanks for diversify . Good morning and thanks for having diversify . Good morning and thanks for having me. Diversify . Good morning and thanks for having me. We i diversify . Good morning and i thanks for having me. We really are in a great spot. We have fully recovered from covid and that has been behind us for some time. We are not really changing, we arejust some time. We are not really changing, we are just adding to the opportunities that our fans and visitors have when they come to our city and that has helped the city grow and we are here inaudible the uk because uk is such an important market, our largest overseas market. Prior to the pandemic, we had nearly A Million from the uk. We are back over half A Million now but we have recovered all our direct flights, we are adding direct flights and making it easierfor adding direct flights and making it easier for people to visit and providing them more when they get here. Visit and providing them more when they get here. When you look at this when they get here. When you look at this and when they get here. When you look at this and the when they get here. When you look at this and the move i when they get here. When you look at this and the move into | look at this and the move into hosting more sporting events, i thought immediately of competition from the Middle East. Is that evident . We dont really feel east. Is that evident . We dont really feel like east. Is that evident . We dont really feel like we east. Is that evident . We dont really feel like we are east. Is that evident . We dont really feel like we are in i really feel like we are in competition with the Middle East. There are a number of opportunities to host events and those events need different venues and we have just added ourselves to that stage. Obviously, the Middle East has done a fantasticjob of doing that as well but when you look at football, formula 1, those are in Las Vegas in a big way, in the Middle East in a big way. I think we both helped elevate the sport. Elevate the sport. Very quickly. Elevate the sport. Very quickly, what elevate the sport. Very quickly, what makes i elevate the sport. Veryl quickly, what makes you elevate the sport. Very quickly, what makes you stand out . ,. , ~ out . There is no place like las veuas. Out . There is no place like Las Vegas the out . There is no place like Las Vegas. The experience out . There is no place like Las Vegas. The experience around j vegas. The experience around the event that you can get in Las Vegas, there is so much to do, so many residencies. You can see a different a list headliner, could stay for a month. ,. , month. Steve, sorry to interrupt. Month. Steve, sorry to interrupt, but month. Steve, sorry to interrupt, but thank i month. Steve, sorry to l interrupt, but thank you month. Steve, sorry to i interrupt, but thank you very much indeed. Stay with us here on bbc news. Hello there. Its a dry, chilly, bright start to the day on friday for much of the country. However, we have been seeing some changes taking place overnight with a Weather Front pushing into Northern Ireland and western scotland. Thats brought more cloud, breeze with outbreaks of rain. But elsewhere, it stays dry all day, thanks to this area of High Pressure. This is the Weather Front thats been working its way in off The Atlantic the first of a series of fronts tied in with low pressure there. So, a cloudy start, breezy. Outbreaks of rain for Northern Ireland, western and Northern Scotland but southern and Eastern Scotland, england and wales, its a chilly start, bright, some early Mist And Fog, and it stays dry with sunshine into the afternoon. Light winds, as you can see, but breezier further north and west. Temperature wise, well, after that chilly start, we could be up to 17 or 18 degrees in the warmest spots in the south. Closer to the mid teens further north. And where we have the breeze, The Cloud and The Rain, it will actually feel quite cool. As we head through friday night, it stays cloudy, breezy across northern and western areas. But large parts of england and wales will see lighter winds, clearskies so, again, it will turn quite cool. Perhaps a bit of Mist And Fog here and there. Temperatures in low single digits out of town but a recovery in temperatures for scotland, Northern Ireland were into double digits there throughout the night. Into saturday, our area of High Pressure holds on for at least one more day for central and eastern areas but these Weather Fronts are really ganging up on us Out West, so it looks like england, wales, parts of Eastern Scotland should see another fine day with some sunshine around after that cool start. The breeze picking up. The rain Out West turns heavier later on certainly for Northern Ireland. Again, those temperatures mid teens in the north, 17 or 18 in the south. But it is all change for part two of the weekend. That area of High Pressure eventually breaks down, low pressure takes over and sends Weather Fronts across the country. There are more isobars on the chart. So, its a cloudy day on sunday, more of a breeze coming up from the south, outbreaks of rain most of The Rain towards southern and western hills, the odd heavier downpour there. Brightness will be limited. Could see a little bit for North East Scotland at times. Temperatures could be up to 18 or 19 degrees in any brightness, the mid teens further north. But nights will start to get milder as we import this milder air off The Atlantic on a southwesterly wind. The upcoming week stays unsettled with low pressure always nearby. Theres a chance around the middle part of the week we could see the remnants of Hurricane Kirk bring some rain and gales, so stay tuned. Good morning. Welcome to breakfast with Naga Munchetty and charlie stayt. Our headlines today. Mps will get a vote on assisted dying in england and wales the first for nine years. Campaigners in favour welcome the move others remain cautious. If this were to become law, it would give people like me real hope. Im against the change in the law because im concerned about the impact on vulnerable people and disabled people. Israel has launched more Air Strikes on Beirut Close to the citys airport, where people have been trying to flee the country. The damp houses where mushrooms grow on the walls how insulation designed to make places more energy efficient has ruined hundreds of thousands of homes. The rising price of postage first class stamps go up by 30 pence on monday. Some businesses are worried about the increase. Ill explain how you can avoid the extra cost. In sport, super Sub Maguire rescues Manchester United in europe. Harry late header salvages a point in porto, but will it be enough to lift the pressure on the manager, whose side had already squandered a two Goal Lead . Some rain at times and also scotland and Northern Ireland that it will gradually spread eastward through the weekend. I will have your forecast. Good morning. Its Friday Ltth october. Our main story. Campaigners for assisted dying have welcomed the news that mps will be given a vote on whether the law should be changed in england and wales. Dame Esther Rantzen who has stage four Lung Cancer said she is thrilled and grateful. Opponents have voiced concerns that vulnerable people could be coerced