for talks on the sidelines. the leaders of the world's two biggest economies have a lot to discuss — not least their ongoing disputes over trade, technology, taiwan and the drug fentanyl. the bbc�*s james clayton is in san francisco and sent us the latest. apac has started here and it is a huge apac has started here and it is a huge moment apac has started here and it is a huge moment for apac has started here and it is a huge moment for the apac has started here and it is a huge moment for the city apac has started here and it is a huge moment for the city of san francisco. it is summer to be held here since the united nations charter was signed here in 1945. nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of the worlds trade belongs to the 21 nations who will be attending here this week. talking about 40% of the world's population. it is a big economic conference but by far the biggest ticket item here is the biggest ticket item here is the meeting betweenjoe biden, president biden and his counterpart in china, president xijinping. relations between the two nations have not been particularly good of late. they last met last year in indonesia and since then we have had a moment where the american government shot down a chinese spy government shot down a chinese spy balloon and we have had inflamed tensions in the south china to see and also had joe biden ramping up a ban on high level chips which really hurt the chinese economy. so diplomatic tensions between those two countries but there has been a following in recent times and there have been a number of discussions recently. there was no real indication that any high level agreements will be made here this week but there are hopes that at least there are hopes that at least the country's military is will begin speaking again and it might be some announcements around things like artificial intelligence and the production of fentanyl. intelligence and the production of fenta nyl. a intelligence and the production of fentanyl. a lot intelligence and the production of fenta nyl. a lot of intelligence and the production of fentanyl. a lot of the fe nta nyl of fentanyl. a lot of the fentanyl on the streets of san francisco actually comes from china through mexico and across the border. there may be a few things that two countries can agree on but from what i can see there is not much hope that there will be any kind of high—level diplomatic agreement. james clayton there in san francisco. agreement. james clayton there joining me now is kadee russ, professor and chair of economics at the university of california davis. very good morning to you here in london. thank you for joining us. after months of buildup we have had lower level meetings but, of course, disputes ramble on in the background and escalate some of them. there is a lot to discuss as james was saying there. absolutely. we saw the beginning of a fall with secretary ellen's visit to china in july secretary ellen's visit to china injuly and hopefully this meeting will build on that. it is four hours long as opposed to the last meeting between the two leaders which was three hours so this does all bode well. even so on the eve of it we heard comments from joe biden saying that china has real problems. that feels like it is not off to a great start before they even sat down. there is always some posturing but at this point i think china is still suffering from a hangover, economic hangover after the prolonged lockdowns and is really looking for ways to stimulate their economy. the united states to some agree is booming, we nearly hit china's own growth target ourselves in the last quarter this year so i think there are some opportunities here for both countries to seize on a thaw. it would be helpful of the us were able to use some of these economic livers to try to gain additional partnership for east—west confrontation from china in issues such as the conflict in the middle east and the russian invasion of ukraine. the russian invasion of ukraine-— the russian invasion of ukraine. , , ., ukraine. the two superpowers do have that kind _ ukraine. the two superpowers do have that kind of— ukraine. the two superpowers do have that kind of influence - ukraine. the two superpowers do have that kind of influence and i have that kind of influence and responsibility on the global stage as well. i imagine those topics will come up and they are very important. absolutely. we already _ are very important. absolutely. we already see _ are very important. absolutely. we already see talk _ are very important. absolutely. we already see talk of - are very important. absolutely. we already see talk of an - we already see talk of an agreement to limit use of ai and military applications especially controlled nuclear weapons. there is talk of a deal on fentanyl trade to cut down on that. you just heard an announcement in the last few hours about resuming climate talks. all this occurs in the context of continuing trade tensions, as mentioned, the us has not lifted the section 301 tariff on chinese goods. we continue to limit exports of semiconductors to china and it is not a panacea but this warming of the economy climate and other issues is significant advance, i think. and other issues is significant advance, ithink.— and other issues is significant advance, ithink. advance, i think. thank you so much for _ advance, i think. thank you so much forjoining _ advance, i think. thank you so much forjoining us. _ let's zoom in on the us economy. the year—on—year consumer price index for october measured overall inflation at 3.2% — down from 3.7% in september — a touch lower than expected. the numbers pumped up investor confidence — and put the brakes on fears about further rate hikes by the us federal reserve. 0ur correspondent erin delmore reports from new york. investors looked at the inflation data on tuesday and saw a lot to like. their confidence sent stocks rallying across all three major indices. the nasdaq closed up more than two percentage points and the dow rose nearly 1.5% after spending the day flirting with a 500 point game. the snp was a 1.9% are close with all 11 sectors gaining. that marks the best performance on the consumer price index since last november. treasury yields took a dive with the ten year yield landing around 4.4% from above 4.6 and marking its biggest one—day decline since march. the cpi data boyd investors hopes that the federal reserve is finished raising interest rates. they meet again next month and the expectation is that they will hold interest rates steady. easing price pressure may mean federal reserve hikes have drawn to a close. . ., , close. later today we will find out if inflation _ close. later today we will find out if inflation here _ close. later today we will find out if inflation here in - close. later today we will find out if inflation here in the - close. later today we will find out if inflation here in the uk| out if inflation here in the uk has started to fall again. in september the overall rate of price rises held steady at 6.7%. general consensus from economists polled by reuters predicts a fall to 4.8% in october. it would be a big drop and could reassure the bank of england that its cycle of interest rate rises — the rate now stands at 5.25%, has been enough to keep a lid on prices. and they may not need to raise them again. let's get more from melanie baker, senior economist, royal london asset management. good morning to you. predictions. we love them they are just predictions. predictions. we love them they arejust predictions. of predictions. we love them they are just predictions. of course this is based on the energy price shock we had last year so are we fairly confident that this is where it will land? we are confident _ this is where it will land? - are confident that we will see are confident that we will see a big floorfall in inflation. so, yes, this is about energy prices and the fact that we have big electricity and gas prices last october and we should get falls this summer. that will bring the whole thing down. we will all be watching what will happen to the rest of the inflation picture. core inflation and services. we see reassuring things happen? we talk often about the lag effect, just to explain that, the bank uses monetary policy to put rates up and there was a lag, takes a while before people have to remortgage or take higher rental big bills. does this as well? that there is still that lead that they may just is still that lead that they mayjust keep things on hold? much of what we have been seeing in terms of inflation coming down has been through things like energy and food prices. supply chain presses different pressures have eased globally and domestically we have been driven and affected by the bank of england where we start to see a little cooling but services inflation, for example, has not fallen far yet from its peak. i think we have that still to come. that last mile that central banks are talking about. it will be difficult, a sticky bit of inflation and i think the bank of england will have more of an impact over the coming 12 months. impact over the coming 12 months— impact over the coming 12 months. �* , .,, months. and 'ust remind those watching. — months. and just remind those watching, prices _ months. and just remind those watching, prices are _ months. and just remind those watching, prices are still - watching, prices are still going up. the target is 2% and we see pictures here of petrol and restaurants bars, the price rises are still going on. things are not getting cheaper, are they? things are not getting cheaper, are the ? , , . are they? this is a year-on-year - are they? this is a year-on-year rate | are they? this is a i year-on-year rate of are they? this is a _ year-on-year rate of inflation year—on—year rate of inflation to come down rather than the pricing level. you are absolutely right. and just finally on that point, it could get political as well, the government potentially made this one of their big targets and i would imagine we expect them to say well, we have hid that butjust them to say well, we have hid that but just a them to say well, we have hid that butjust a reminder that much of this is to do with government policy, that is right. inflation will have moved but it is hard to say that it moved but it is hard to say thatitis moved but it is hard to say that it is not so much due to government action. we saw big falls in the us. government action. we saw big falls in the us.— falls in the us. thank you so much indeed, _ falls in the us. thank you so much indeed, melanie. - let's stay in the uk and the first new nuclear plant to be built in decades. it's called hinkley point c and its construction is a mammoth undertaking. but nearly all of the country's existing reactors have either been shut down already or are approaching the end of their useful lives. and cleaning up what's left behind will take decades. 0ur correspondent theo leggett reports. inside a nuclear power station. for decades the two react as at hinkley point be provided enough electricity to power 1.5 million homes in the south of england. last year they were closed down. beneath my feet is the core of the nuclear reactor. for nearly half a century it was generating huge amounts of electricity, operating at a high temperature and under enormous pressure. but now the reactor is being shut down and the highly radioactive contents need to be removed and removed safely and thatis removed and removed safely and that is what this machine over here is all about. it is a heavily shielded crane which pulls the old fuel elements out of the core. pulls the old fuel elements out of the core-— of the core. the fuel assembly that is being — of the core. the fuel assembly that is being lifted _ of the core. the fuel assembly that is being lifted contains . that is being lifted contains eight fuel elements. those fuel elements are highly irradiated and can be lethal. but the point of this entire set up is to make sure that nobody comes anywhere near that. the to make sure that nobody comes anywhere near that.— anywhere near that. the fuel assemblies _ anywhere near that. the fuel assemblies are _ anywhere near that. the fuel assemblies are brought - anywhere near that. the fuel| assemblies are brought down anywhere near that. the fuel. assemblies are brought down to assemblies are brought down to a special cell where they are taken apart. the radioactive remains are then left in these ponds to cool for several months. they are then placed in special rugged containers before being driven away into storage. we before being driven away into storate. ~ ., before being driven away into storate. ~ . , , storage. we have been trusted for ears storage. we have been trusted for years to — storage. we have been trusted for years to operate _ storage. we have been trusted for years to operate this - storage. we have been trusted for years to operate this plantl for years to operate this plant safely and during that time that includes, of course, handling nuclearfuel that includes, of course, handling nuclear fuel and that is what doing now. taking the fuel out and just not replacing it with new fuel.— fuel out and just not replacing it with new fuel. emptying the fuel will take _ it with new fuel. emptying the fuel will take four _ it with new fuel. emptying the fuel will take four years - it with new fuel. emptying the fuel will take four years and l fuel will take four years and cost around £1 billion. but thatis cost around £1 billion. but that is just the start stop afterwards, other work can begin such as the removal of these huge turbine generators. the reactors themselves will not be dismantled for some 60 years. the ways they have created during their lifespan will remain in storage. campaigners say that is reason enough not to build any more nuclear plants. the main lesson we should learn from decommissioning existing fleets is that we still do not have an answer for what to do with nuclear waste and the more highly radioactive waste coming from the proposed news plants will be even more of a problem. it a stones throw away from hinkley point be a new nuclear plant is being built. hinkley point c. it is due to start generating and four years time but one day it too will have to close and plans for its eventual demolition at the end of the century are already in place. theo leggett, bbc news, hinkley point. around the world and across the uk. this is bbc news. it is an investment which somehow will transform this part of whitby.— part of whitby. this 2.3 million _ part of whitby. this 2.3 million could _ part of whitby. this 2.3 million could change i part of whitby. this 2.3| million could change the part of whitby. this 2.3 - million could change the way people are using the bridge, certainly how they use the areas around it.— certainly how they use the areas around it. these ideas and dreams _ areas around it. these ideas and dreams have _ areas around it. these ideas and dreams have already - areas around it. these ideas l and dreams have already been put forward by the council with pedestrianised walkways aiming to make this part feel more connected. as yet, nothing has been agreed for the members of the public are being asked to give their ideas as to how the money should be spent. has, money should be spent. general tidying up of the harbourside and the coastal front area.— harbourside and the coastal front area. n. ~ , ., front area. make the bridge a bit safer for _ front area. make the bridge a bit safer for people _ front area. make the bridge a bit safer for people to - front area. make the bridge a bit safer for people to cross l bit safer for people to cross and — bit safer for people to cross and pedestrians to cross over safely — and pedestrians to cross over safely with children and dogs. most— safely with children and dogs. most cultures. the improvement work_ most cultures. the improvement work could — most cultures. the improvement work could start _ most cultures. the improvement work could start next _ most cultures. the improvement work could start next year, - most cultures. the improvement work could start next year, a - work could start next year, a feature — work could start next year, a feature that _ work could start next year, a feature that could _ work could start next year, a feature that could not - work could start next year, a feature that could not be - feature that could not be shaped _ feature that could not be shaped by— feature that could not be shaped by those - feature that could not be shaped by those who - feature that could not be j shaped by those who live feature that could not be - shaped by those who live here. -- a future _ shaped by those who live here. —— a future that— shaped by those who live here. —— a future that could - shaped by those who live here. —— a future that could be - —— a future that could be shaped. you're live with bbc news. china has reported better—than—expected retail sales and industrial data for october. but there is still a dark cloud hovering over the real estate sector. in fact it was doing worse than expected. retail sales grew by 7.6% last month from a year ago, above the 7% growth forecast by analysts. let's go to katie silver in our asia business hub in singapore. some good news after the us inflation data. china following with pretty decent because of their own. it with pretty decent because of their own-— their own. it seems like the chinese are _ their own. it seems like the chinese are out _ their own. it seems like the chinese are out and - their own. it seems like the i chinese are out and spending again and that is good news for many that were fearful about consumer sentiment in the world i s consumer sentiment in the world �*s second—largest economy, particularly as it has been faltering in its post— pandemic recovery. spending is on retail items and not property. to give you an idea, was of double—digitjumps and things double—digit jumps and things like double—digitjumps and things like sport and leisure equipment, huge spending on things like catering, alcohol, tobacco and cars. all suggesting people are going out and spending again. the property sector still well and truly struggling. have been speaking time and time again on this programme about the lives of every and country garden all rocked in recent years as we see debt in companies really struggling. in the latest data it shows investment into the property sector fell about 93% from january to october for the worse than it has done in previous nine months. we heard recently about deflation in china. it hit about —0.2% in the most recent readings and when we had that, that is the sign of an economy struggling. heard from the government they are offering support, issuing $137 billion of government bonds with money designed to go toward spending on floods, recovery from natural disaster. this comes as we see xi jinping arriving in san francisco for the all—important apec summit and meeting between leaders of the world is two largest economies. no doubt a friendship courting exercise at an important time for china's economy. an important time for china's economy-— an important time for china's econom . ., ~ ., economy. thank you. katie will the latest _ economy. thank you. katie will the latest from _ economy. thank you. katie will the latest from singapore. - let's get some of the day's other news now. the us house of representatives has passed a temporary spending bill to avert a government shutdown. the stop—gap bill continues government funding until mid—january at least. many republicans voted against it, complaining that it didn't contain the spending cuts they'd wanted. the measure will now go to the senate, where it is expected to pass before a deadline on friday. japan's economy contracted by a bigger—than—expected 0.5% in the three months to september, according to official data. it was worse than market had been expecting. and it's further bad news for prime minister fumio kishida, whose poll ratings have hit their lowest levels since he took office two years ago. supermarket chain iceland has said it will not roll out a christmas advert this year and will instead spend the money supporting its customers. it comes as consumers continue to struggle with increased food prices. taken as a whole, advertisers are set to spend a record £9.5 billion during this festive season, according to new data by the advertising association. so, is iceland doing the right thing? live now to justin urquhart—stewart, founder of the investment platform regionally. good morning. good morning. adverts used to be the big thing at xmas, like who'd be number one at the top of the music charts. what has happened? is this a sign of the times? it has become an industry in its own right. almost moved away from christmas. it was like a christmas competition, who is going to be the best one? quite rightly iceland and iceland have a history of going back to basics with things. saying what we're doing now is trying to sell food to people in the most subjective matter possible. and that is where iceland started because they originally started selling frozen food, was frozen food. actually sold a packet you filled up your bag with. and getting away from advertising and say we're just going to be saying —— selling food cheaply, they know what they are going to get. the bus now running iceland again has in the past shown to be extremely sensible. i expect they have made the right decision here.- right decision here. what is our right decision here. what is your centre _ right decision here. what is your centre of _ right decision here. what is your centre of our - right decision here. what is i your centre of our consumers when it comes to this? do people tend to stick with their favourites? are they likely, existing customers will stick with eyes and because of this or maybe switch? are we creatures of habit? we know where we shop and will stick with that. where we shop and will stick with that-— where we shop and will stick with that. ~ ., . ., , ., with that. we are creatures of habit for the _ with that. we are creatures of habit for the way _ with that. we are creatures of habit for the way shop - with that. we are creatures of habit for the way shop where l with that. we are creatures of i habit for the way shop where we like and what we like is what we know. to move somewhere else and nudges away from it, advocates have been good in the past, but they have become so expensive and so flash that is all the figure of 9.5 billion on christmas advertisements, huge amount of money. at a time where everyone is counting pennies, one notjust go back to basics and say we are cutting the cost of what we are sorry to make sure people have the most cost—effective christmas and enjoy christmas at the same time and not messed —— waste money on some the efforts. -- waste money on some the efforts. �* , , .., -- waste money on some the efforts. �* , , , efforts. advertisements can be controversial _ efforts. advertisements can be controversial at _ efforts. advertisements can be controversial at times. - efforts. advertisements can be controversial at times. very i controversial at times. very controversial _ controversial at times. very controversial and _ controversial at times. very controversial and deed. - controversial at times. very controversial and deed. it's| controversial at times. very i controversial and deed. it's on becomes a competition and can gain negative attraction and i suspect you will see the subjects again quickly and people saying it is gone too far and let's go back to common sense and provide people with what they want, good quality products at the right price. and not whether flashy advertisements on top. thank ou so advertisements on top. thank you so much _ advertisements on top. thank you so much and _ advertisements on top. thank you so much and i _ advertisements on top. thank you so much and i don't - advertisements on top. thank you so much and i don't know| advertisements on top. thank i you so much and i don't know if it is too early or not but a very merry christmas. and to ou as very merry christmas. and to you as well- _ are we turning our backs on vegan products? research suggests that sentiment is moving away from plant—based products in recent months. good timing for the plant based world expo europe, the largest 100% plant—based trade event which opens today in london — hopes to give the sector a boost. but the number of people identifying as vegan has been dropping by 29% in europe and 15% in the uk in the last two years. let's bring in indy kaur, founder and ceo plant futures, a consultancy helping vegan businesses grow who is one of the speakers at plant based world expo europe. what is behind this? i'm not saying legalism was a fad but maybe it was a new thing and people have started to feel in their pockets, can be expensive at times. why have people turned their back on it? what we are actually _ turned their back on it? what we are actually seeing - turned their back on it? what we are actually seeing and i we are actually seeing and hearing is it is in fact taste, people are not quite satisfied on taste. they have different barriers and nutritional concerns. we have a job on the market in terms of reassuring new shoppers looking at beacon food. the outlook is very positive. we are seeing a huge head room for growth and we can touch and that as well. what touch and that as well. what other issues _ touch and that as well. what other issues are _ touch and that as well. what other issues are there? - touch and that as well. what l other issues are there? money and things to be more expensive, effort, people have to put a bit of effort in and people talking about emma getting my full fibre day nutrition? that type of thing. what are the barriers? nutrition does, hi. there are concerns about nutritional adequacy. we have gone through generations where we have heard and learned that meat and dairy products are necessary to modernise and now we're transitioning a more away from that to really talk about plans for the plans been central and the nutrition you can get for that concern people are having is about protein, intrinsic nutrition quality. and if they are still going to be full, as are still going to be full, as a plant —based or vegan diet going to keep you full like a meat —based diet well? there is a job to help educate people here. and retailers can play an important role to help people understand that you can have a great diet if you take on a more plant —based or a beacon diet as well. more plant -based or a beacon diet as well.— diet as well. your event here, ou diet as well. your event here, you are hoping it will- diet as well. your event here, you are hoping it will boost i you are hoping it will boost the sector. what will you be focusing on in your talk? we're ttoin to focusing on in your talk? we're going to be _ focusing on in your talk? we're going to be talking _ focusing on in your talk? we're going to be talking lot - focusing on in your talk? we're going to be talking lot about i going to be talking lot about insights. we have collaborated with an ngo and collaborated with an ngo and collaborated with brilliant vc firm, not—for—profit, commissioning a new piece of research. we will publish that with the show this week or tomorrow. which is going to be grateful that we have a lot more clarity now in terms of where the head room for growth is. it.— for growth is. it. thank you and good — for growth is. it. thank you and good luck— for growth is. it. thank you and good luck with - for growth is. it. thank you and good luck with the - for growth is. it. thank you | and good luck with the expo for growth is. it. thank you - and good luck with the expo and your talks. let's see how the asian markets are faring today. everything up following the games in the us that we saw yesterday. that is it from me, to stay with us. you are watching bbc news. hello. although our fairly changeable, unsettled spell of autumn weather continues through the remainder of the week, there will be some windows of drier weather, particularly on wednesday across the southern half of the uk. so bright and breezy, but cloudy and damp with outbreaks of rain at times across northern areas. all down to the fact that we've got a ridge of high pressure building in from the south, but low pressure with a couple of weather fronts drifting, particularly across parts of scotland. so through the day wednesday, then we start with the cloud and the rain for much of central southern scotland, northern ireland too. could even be a little bit of snow across the highest ground, the grampians highland as well. all sunshine, though, works for the northern isles towards caithness and sutherland into aberdeenshire later on in the day. temperatures here around 7 to 9. further south across england and wales should be dry and bright through much of the day. temperatures here 12 or 13 degrees, but we've still got this cloudier zone in between. any of that rain tending to fizzle away overnight into thursday. but the next area of rain starts to arrive from the southwest early on thursday. it's going to be quite a cold night. it could be a touch of frost, particularly across parts of scotland with the lighter winds and the clearing skies. right, through thursday then, a couple of areas of low pressure, this one bringing some rain to parts of southern england, another one moving into northern ireland, wales as well later in the day. should stay mostly dry for parts of eastern scotland, northeast england too, and temperatures range between around about 8 to 12 for most of us. but we're in that colder air still up towards the northern isles, but there'll be some sunshine. moving through thursday night into friday and the fronts clear away for a time. we've got an area of higher pressure trying to nudge in from the south. so that means friday is probably our driest and brightest day of the week for most places. could be the odd shower around, but the cloud could well increase from the southwest ahead of the next area of low pressure, bringing some rain. so temperatures on friday around 7 to 12 degrees for most of us. still rather cool, turns milder into the weekend, but it turns wetter and windier too. low pressure moving in, lots of isobars on the map. so, rain, but you can see the orange colours flooding across the uk. that shows that that much milder air is on the way. it's going be quite breezy with the breeze coming in from a southwesterly direction. so the next few days then, we have got some rain around, particularly on thursday, drier as we head into friday for most of us. but then temperatures on the rise, but wet and windy for the weekend. bye— bye. good morning, welcome to breakfast withjon kay and sally nugent. 0ur headlines today. israel says it is carrying out a military operation against hamas in gaza's largest hospital. an eyewitness told the bbc they have seen tanks and commando soldiers entering the main emergency department. a landmark day for the government as a supreme court rules whether it plans to send asylum seekers to rwanda is lawful. inflation figures are out in the next hour, telling us how much prices are rising by. i will look at what it means for you and your cost of living. a man is arrested on suspicion of manslaughter after the death of nottingham panthers ice hockey player adam johnson during a game last month.