Progress. A signal we are entering a new phase of our economy and our recovery. I believe it is important for the country to recognise this progress because if we do not, progress made will remain locked in the fear of negative mindsets that dominate our economic outlook since the pandemic began. Investors have cheered the cut, the dowjones industrial the neck i added 1. 5% in us dot markets. And the s&p 500 rose to all high times. Bbc�*s samira hussain has more from new york. 0ur the s&p 500 road i. 7%, the s&p 500 road i. 7%, extending this years gains to 20% and meanwhile the dowjones surged over 500 points to topping 32,000 for the first time in the majority of industry groups closed out the interest is higher and big tech outperformed as it was spurred to investors return to risk on mood and tesla gained 4% and more than 7% respectively. Stocks traditionally tied to economic growth jumped withjp economic growth jumped with jp morgan economic growth jumped withjp morgan chase and caterpillar and home depo saw gains. Better—than—expected jobless claims added to the optimism on thursday suggesting the labour market remains healthy despite a slowdown in hiring. Wall street has endorsed the message in a deep cut to a relatively strong economy that will ultimately fend off the risk of recession and is reigniting hopes of a soft landing for the economy. Shares of nike have jumped by around 8 percent in after—hours trading, after the sportswear giant announced the retirement of its bossjohn donahoe. He announced the retiremenof its bossjohn donahoe. He will be replaced by form senior executive elliott hill. The leadership change comes as nike tries to revive sales and battle rising competition. Technology giant microsoft says russia, iran and china all have plans to disrupt the us election via online disinformation campaigns. Bbc verify�*s ai correspondent, marc cieslak has been given exclusive access to microsoft's threat analysis nerve centre in new york. Times square, new york city and an unlikely location for a secure facility which monitors attempts by foreign governments to destabilise democracy. It is however home to the microsoft threat analysis centre and its job is to detect and assess and disrupt cyber enabled implements threats to democracies worldwide. The work carried out is extremely sensitive and the first people who have been permitted inside is us. It's also the first time russian, iranian and chinese attempts to influence the us election have been detected at once. Mil election have been detected at once. �*. Election have been detected at once. ~. ,. _ election have been detected at once. ~. ,. , once. All three are in play and this is the _ once. All three are in play and this is the first _ once. All three are in play and this is the first cycle _ once. 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The biggest impact of the switch of i impact of the switch of president biden to kamala harris has been throwing the russians so far off the game that they have focused on joe biden and there were someone they needed to remove from office to get what they from ukraine. Russian efforts have pivoted to _ from ukraine. Russian efforts have pivoted to underminingl have pivoted to undermining this by serious of folk videos —— fake videos to promote controversy. These analysts were instrumental in detecting iranian influence activity by a series of bogus websites. The fbi is investigating this as well as iranians hacking off the trunk campaign. We well as iranians hacking off the trunk campaign. We found in the trunk campaign. We found in the source _ the trunk campaign. We found in the source code _ the trunk campaign. We found in the source code for— the trunk campaign. We found in the source code for the the trunk campaign. We found in the source code for the website | the source code for the website they were using ai the source code for the website they were using al to rewrite content from a real place provoke reaction in the us public. Experts are unconvinced the campaigns affect which way people actually vote but they worry they are successful in increasing hostility on social media. Troubles continue for the india arm of vodafone. Its shares have plunged in mumbai after the supreme court rejected a plea from the company and other telecommunications firms, on the re—calculation of fees owed to the government. 0ur india business correspondent nikhil inamdar has more. This is a huge setback notjust for vodafone but the other major telecoms giants in india. The court has essentially rejected petitions filed by these companies urging it to reconsider a 2019 judgment seeking to recalculate how much money they owe the government in licence fees or adjusted cross revenues. These companies were seeking to pay a much smaller amount and had argued the government had made errors in calculating those dues. The latest order from the court quashing the police means these telecom companies must pay billions of dollars more to the government than they had previously anticipated. This is something likely to significantly affect the vodafone expansion plans in india and remain an overhang on the company's stock price. The company will now need to raise more debt because its cash flows are likely to be severely affected by the ruling according to analysts. The british vodafone group owns a 23% stake in the indian subsidiary. Here in singapore, we are gearing up for a busy weekend with the return of the formula 1 grand prix. The night race is expected to draw more than 250 thousand fans including overseas visitors. Mark gallagher, a formerjordan grand prix and red bull racing executive, talked to us about the economics behind the race. I think there's no question that singapore has maintained its position as one of the key racers in the calendar and that is arguably due to the economic powers singapore where it literally resides in the world in terms of being a business hub and then of course, the night race aspect of singapore which generates a huge global audience because it is in the evening and it's europe and it's in the morning in europe and the americas lunchtime and it's morning and it's morning in the americans. It has a huge footprint and a very large audience and there's no question that it's become well and truly established as much sea grand prix for those in the region. And it's very much a win—win and the benefit of having such a race, street races as it is and also, singapore benefits from all the surrounding tourism that comes along board with that? yes, with the singapore grand prix, it's certainly an interest because japan is such a measure because you can measure the tourist benefit, the tourist dollar in the hospitality and 5—star hotels and that is the kind of set of figures that you can look at and much larger one that is the benefit of singapore literally using headlines and sports news headlines around the world, promoting it as a destination that is a brand, if you like and there a huge impact there because it's highly talked about race and from personal experience, meeting people around the world and everyone likes to ask what is the singapore grand prix like. I think advertising singapore is a destination and promoting its nation if you like. If we can talk more about south east asia, there's been talks that he could be another race in the southeast asian league, would you think of that? very close to the gp in vietnam and that fell away and we also looked at thailand and there's been a big push to have more grand prix in the region. Singapore is a hard act to follow because the bar is very, very high but there's no doubt formula 1 is been on a roll over the last since 2017 with the media acquiring formula 1 and continuing to expand the calendar especially in asia but also in africa. Do you think motorsport can be sustainable and they are making efforts of that? i sustainable and they are making efforts of that?— efforts of that? i think formula _ efforts of that? i think formula 1 _ efforts of that? i think formula 1 has efforts of that? i think formula 1 has a efforts of that? i think| formula 1 has a carbon efforts of that? i think formula 1 has a carbon strategy thatis formula 1 has a carbon strategy that is hugely ambitious and very credible and everybody talks about the car racing as the gas guzzling cars but we stopped using fossil fuels the gas guzzling cars but we stopped using fossilfuels in 2026, the world championship will be fossilfuel 2026, the world championship will be fossil fuel free and most importantly are the big ticket items in terms of emissions such as air freight, travel and factory operations so there are something like 13,000 full—time employees and those factories have already gone to use renewable energy and to decarbonise, so it's a really extensive programme and i can't emphasise how much work has already been achieved and i do think there is a good chance that formula 1 will achieve the ambitious target injust that formula 1 will achieve the ambitious target in just six years' time. Thanks for your company on business today. Goodbye for now. Tonight, missing ankle tags, a footballer suitcase scandal and glass diogo is couture. But a trigger warning for the first one. Former harrods employees have contacted the bbc saying they were assaulted by mohamed al fayed when he owned the luxury department store and the bbc�*s sam harrison has more. The allegations come in a bbc documentary but now more than 20 former employees have come forward saying they were sexually assaulted. Harrods now has new owners who say the women who have come forward have been let down. Here is a snippet of the bbc documentary. I kicked and kicked and kicked and screamed and i thought i'd got him off and again i was just terrified. — just terrified. Predator at harrods is _ just terrified. Predator at harrods is available just terrified. Predator at harrods is available now| just terrified. Predator at i harrods is available now on iplayer. Some prisoners released early to tackle overcrowding injails have not been fitted with tags to track their movements. The thing is that was the condition for them to leave early. The ministry of justice have blamed the company that makes the tags and they said it is working to speed things up. And the ex ardmore —— arsenalfootballer things up. And the ex ardmore —— arsenal footballerjay emmanuel—thomas has been charged with moving an attempt to move £600,000 worth of cannabis into the uk after airport officials found 60 kilograms in suitcases. His view. Alice the designer said it was a dream come true to see her creation at london fashion week. And that is you all caught up. See you. Hello and welcome to sportsday. Barcelona's perfect start to the season under hansi flick is over, as they're beaten by monaco in the champions league it's an unbeaten 154 for travis head, as australia thrash england in the first one—dayer at trent bridge. And anthonyjoshua faces off against daniel dubois ahead of their ibf world title fight at wembley on saturday. Hello.