Joe biden will today be inaugurated as the president of the United States. Hes expected to start making waves the minute he takes office. Top of his agenda will be passing the 1. 9 trillion stimulus plan to help the country recover from the Economic Impact of the coronavirus pandemic. The theme for the inauguration will be � America United and it will mark the start of a 10 day marathon of executive action on what he calls the � four crises� the country is facing covid 19, the economic downturn, Racial Injustice and climate change. So what are his main plans for the economy . Heres Michelle Fleury from new york. Four years of the outgoing president have been good for wall street, and so, apparently, is his departure. The s p 500 has surged nearly 10 since election day and joe biden� s victory. But wall Street Investors should not be confused with everyone else. The economic landscape is grim. 10 millionjobs remain lost because of the pandemic. Consumers and businesses are struggling to stay afloat. Joe biden� s trusted lieutenant on the economy janet yellin urged lawmakers to go big on stimulus, not to worry about deficits, with Interest Rates so low. 1 deficits, with Interest Rates so low. ~ , deficits, with Interest Rates so low. ~ ,. , so low. I think there is a consensus so low. I think there is a consensus now, so low. I think there is a consensus now, withouti so low. I think there is a consensus now, without further action, we risk longer, more painful recession now, and longer term scarring of the economy later. It longer term scarring of the economy later. Economy later. It is the lessons economy later. It is the lessons of economy later. It is the lessons of the economy later. It is the lessons of the 2008. Economy later. It is the lessons of the 2008 financial crisis and its plodding recovery that guides joe crisis and its plodding recovery that guidesjoe biden today. Last week he outlined a 1. 9 trillion rescue package, a far bigger, more targeted plan than the one that passed when he was vice president. fix, than the one that passed when he was vice president. He was vice president. A crisis of dee he was vice president. A crisis of deep human he was vice president. A crisis of deep human suffering he was vice president. A crisis of deep human suffering is he was vice president. A crisis of deep human suffering is in l of deep human suffering is in plain sight. There is no time to waste. We have to act and we have to act now. Have to act now. Suffering seen across the have to act now. Suffering seen across the country. Have to act now. Suffering seen across the country. Millions across the country. Millions and danger of losing their homes. In dallas, texas, cars lined up to help people who had fallen behind on their payments by covering up to two months of rent. � , ,. , by covering up to two months of rent. � , ,. ,. , rent. Its been very hard for me. Rent. Its been very hard for me this rent. Its been very hard for me. This woman rent. Its been very hard for me. This woman was rent. Its been very hard for me. This woman was one i rent. Its been very hard fori me. This woman was one of rent. Its been very hard for me. This woman was one of the first to arrive. Me. This woman was one of the first to arrive. Thank me. This woman was one of the first to arrive. Thank god me. This woman was one of the first to arrive. Thank god that i first to arrive. Thank god that i made it first to arrive. Thank god that i made it through first to arrive. Thank god that i made it through nim first to arrive. Thank god that i made it through nim just. I made it through nim just believing today that i am going to get my rent paid. 1truiith believing today that i am going to get my rent paid. Believing today that i am going to get my rent paid. With a new roof over to get my rent paid. With a new roof over his to get my rent paid. With a new roof over his head, to get my rent paid. With a new roof over his head, joe to get my rent paid. With a new roof over his head, joe biden i roof over his head, joe biden plant uses first aid and office to help those worried about there is. And his allies are confident that if mr died in� s plan works, the economy will bounce back and the country will be less divided. Here is a top economist from the 0bama administration. Administration. First of all, the vaccine administration. First of all, the vaccine will administration. First of all, the vaccine will solve administration. First of all, the vaccine will solve a administration. First of all, the vaccine will solve a big| the vaccine will solve a big part of this problem, i hope and expect. And second, people this time around actually have healthier accounts than they had a year ago because so much money was pumped into the economy. Money was pumped into the economy money was pumped into the economy. Since the very first president economy. Since the very first president was economy. Since the very first president was sworn economy. Since the very first president was sworn into economy. Since the very first l president was sworn into office here on wall street it has been the president sjob here on wall street it has been the president s job two point way forward for america stopping the latest holder of the officers hoping that with economic plan, main street will join the economy and even wall street may be pleased to move away from the trump error. Lots to get done. Were nowjoined from washington dc by emily tamkin, whos the us politics editor for the new statesman. Where do you think President Biden, once he takes office, will find the easiest breakthrough . Because he has got to get some republicans support, as well as placating those to the further left of his party . Those to the further left of hisa , ~ his party . Absolutely. I think if ou his party . Absolutely. I think if you look his party . Absolutely. I think if you look at his party . Absolutely. I think if you look at the his party . Absolutely. I think if you look at the economic i if you look at the economic plan that he has put forth, the thing that already, that we already know has support is this additional 1400, just go to directly to americans. If he faces any criticism there it will be from the left that said wait a minute you promised 2000 checks not the 1400 on top of the 600 that ready passed late last year. I think that there is democratic support for that policy. When you look at other parts of the plan like money for state and locals to bridge the budget shortfall for state and local governments, that is something that republicans have shown resistance to. When you look at raising the minimum wage to 15 per hour, that is something thatis per hour, that is something that is going to face resistance. So it is an ambitious plan, the biden teams line is we are going to run up the deficit and that is how were going to save our economy. Im sure that not every democrat and certainly not every republican is going to along with that plan. Mail to along with that plan. Wall street has to along with that plan. Wall street has enjoyed to along with that plan. Wall street has enjoyed quite to along with that plan. Wall street has enjoyed quite the run under the trump residency, markets touching record high after record high. Do you think we will see that sort of thing continue under the new administration . I continue under the new administration . Continue under the new administration . ~. , administration . I think that we miuht, administration . I think that we might. We administration . I think that we might. We very administration . I think that we might, we very well administration . I think that we might, we very well might, administration . I think that we j might, we very well might, but i think the more pressing concern for the administration right now is that in the first week of 2021, there were 1. 1 5 million new unemployment claims made and i think that what we are seeing here in the United States as there is a disconnect between what wall street and the Stock Exchange enjoys and what people are feeling in their homes during the pandemic. It has been a good yearfor wall pandemic. It has been a good year for wall street but it has not been a good year for anybody else in america or hardly anybody else in the United States. It hardly anybody else in the United States. United states. It is that internal United States. It is that internal dividers United States. It is that internal dividers in internal dividers in it, between wall street and main street. When we look at the tackling problem, when youve got a pandemic as well that, although the vaccine offers some hope of bringing that to an end, how quickly do you thinkjoe biden can get the wheels of commerce turning again . I turning again . I think, you know its interesting stopping at the top of this you mention the different challenges that biden faces on one of them is the pandemic on the other is the pandemic on the other is the economy. These are the same crises because as we have continually seen, despite the fact that people have tried to treat this like an either or and, oh, we can shut down businesses or we can you know, do what we can for the pandemic or do what we can for the economy. When you do not address the former, the letter just gets worse, so i think how quickly he is able to get the wheels of congress turning is directly dependent on whether they can get vaccines out more quickly, whether they can make it such that people can safely go back to work because infections are down to a low enough rate, whether he can get more people to wear masks so people can safely leave their homes, yet it is about pumping money into the economy but it is also about getting that infection rate down again vaccination rates up. 0k, len vaccination rates up. 0k, plenty to vaccination rates up. 0k, plenty to look vaccination rates up. 0k, plenty to look out vaccination rates up. 0k, plenty to look out for. I vaccination rates up. 0k, plenty to look out for. Emily, thank you so much for that. Lets see how the asian markets are faring today. Asian shares have climbed to a record high during wednesdays trading session, as us treasury secretary nominee janet yellen said a hefty financial package was required to help the Worlds Largest on wall street. They ended tuesday in positive territory, also boosted by those comments made by yellen. Asian governments will get a chance to hit the reset button on their relationship with the us, as a new administration is set to move into the white house in less than 24 hours. Than 12 hours. China, in particular, has been embroiled in a trade war which dragged on for more than two years, a grand scale stand off which rattled Global Markets and economies. So, under the biden presidency, whats in store for us china ties . 0ur Asia Business correspondent Karishma Vaswani has more. If there was one image that defined the relationship between china and the us under president trump, it was trade. A multi year trade spat, hundreds of billions of dollars worth of tit for tat tariffs and bitter negotiations. Thats the legacy the Biden Administration is inheriting. So how will that change . Most economists and global think tanks i have spoken to say that china can expect a more predictable, less volatile trade policy under biden, and that means trade tensions could ease. Can see american import tariffs on chinese goods relaxed or removed entirely, which would mean lower prices for American Consumers or things made in china stopping the us would expect china to remove import tariffs too, which would mean American Companies will get more access to chinese consumers. But President Biden is unlikely to rollback restrictions on chinese tech firms like huawei. China is now seen as a direct competitor to the us in key technologies that will shape the economy of the future. So dont expect any compromises on chinese tech unless we get some concessions on intellectual property theft, transparency and Firm Commitments from Chinese Companies that they are not collect data for the Chinese Communist party. Beijing knows its relationship with the us has changed, which is why china is focusing on its domestic economy. That is a policy known as dual circulation. China came out of the pandemic better than most countries. It is on course to be the only major economy to have grown last year. The china that biden will deal with is bigger, bolder, and stronger than ever before. One of these whether these two giants compete or collaborate will define what kind of world the rest of us live in. The uk and us have failed to do a much hoped for mini deal over trade in the last days of the trump administration. There were hopes the us would lift tariffs on imports of Scotch Whisky and cashmere imposed last year as part of the boeing airbus trade dispute. But those duties will now stay in place while president elect biden awaits confirmation of his trade team. Joining me now is Fiona Cincotta from city index. How much of a disappointment is it that there was no even small trade deal agreed before trump left . ,. , left . This is a huge disappointment. I left . This is a huge disappointment. Firstly left . This is a huge disappointment. Firstly because there is independent businesses who have really taken a big hit from this, from these tariffs that have been on products and been there for around 15 months now so it is actually caused a very big hat. They are looking at losses in the region of around 450 million and losses of exports, so this is a really big problem and it is one that hasnt been resolved and there was a lot of optimism that they might have just been able to get that over the line but it didnt happen. Get that over the line but it didnt happen. What do you think they didnt happen. What do you think they will didnt happen. What do you think they will need didnt happen. What do you think they will need to didnt happen. What do you think they will need to do i didnt happen. What do you think they will need to do ifj think they will need to do if they want to secure a trade deal between the uk in the us under the new president . There is auoin under the new president . There is going to under the new president . There is going to be under the new president . There is going to be a under the new president . There is going to be a lot under the new president . There is going to be a lot more under the new president . There is going to be a lot more work. | is going to be a lot more work. They are saying that the big focus here, to get a really quick deal done, would be to have cleared areas of environmental change and environmental change and environmental protection, that will be one way to get a deal done quickly because we know thatis done quickly because we know that is an area that is very important tojoe biden, so that would be one way to do about the other thing to bear in mind, there is going be this period now where you have got the new administration coming in, where there is going to be a pause in actual any progress towards the trade deal while the administration gets set up, so this isnt going to be now a very quick moving thing, although it could happen. find although it could happen. And what is the main thing the uk wants from a trade deal . Im mentioned scotch whiskey and cashmere, but those are very specific examples. What you think the overarching goal would be the uk . This think the overarching goal would be the uk . Think the overarching goal would be the uk . As a broad deal with would be the uk . As a broad deal with the would be the uk . As a broad deal with the us would be the uk . As a broad deal with the us would would be the uk . As a broad deal with the us would be i deal with the us would be exactly what the uk is after, so exactly what you mentioned there would be some very specific areas, the cashmere and whiskey which relate to a trade dispute between boeing and airbus, but talking about a much broaderfree trade and airbus, but talking about a much broader free trade deal between the us in the uk would between the us in the uk would be something that actually would help the uk economy particularly after we are supporting ourselves from the european union. Shill supporting ourselves from the european union. European union. All rights, thank you european union. All rights, thank you very european union. All rights, thank you very much. Stay with us on bbc news, still to come netflix finds the perfect cure for the pandemic, as its membership soars again. Some of the uks biggest music stars have written to the government demanding action to ensure visa free touring in the european union. Sir eltonjohn, Liam Gallagher and Nicola Benedetti are among over a hundred artists who have signed the open letter which says they had been shamefully failed by the government over post brexit travel rules for uk musicians. The government is setting up a new regulator with powers to ban the use of dangerous Building Materials following evidence at the Grenfell Tower inquiry that manufacturers covered up safety issues. The regulator will be able to prosecute companies who flout the rules. Ministers have also ordered a review of product testing. They say revelations at the Grenfell Inquiry have been deeply disturbing. Scientists have gained a new insight into one of the mysteries of the natural world, how butterflies fly despite being equipped with large, inefficient wings. Theyve discovered that butterflies cup their wings when taking off. This forms an air pocket that pushes the insect forward at speed, helping it to escape predators. Researchers believe the knowledge could prove useful in other spheres, such as making some drones and underwater vehicles more efficient. This is bbc world news, the latest headlines joe biden and Kamala Harris lead a cer