hello, if you havejustjoined us, you are very welcome. let s crack on with the top business stories. we start in san francisco where, as you have been hearing, president biden has hailed real progress following four hours of talks with china s president xi on the sidelines of the apec summit. they agreed to reopen communications between the military on both sides and work together to stem the flow of the opioid drug fentanyl into the us. but there was no concession from the us on lifting trade sanctions on china including the export ban on advanced computer chips which president xi had complained is harming china. the united states will continue to compete vigorously with the prc, but we ll manage that competition responsibly so it doesn t veer into conflict, or accidental conflict. and where it s possible, where our interests are.coincide, we re going to work together like we did on fentanyl. that s what the world expects of us. the rest of the world expects no