hold tight — wall street enjoys a pre—thanksgiving boost, as investors bet the fed won't move on rates again this year. and we'll take a look at period poverty and the charity that's helping some of the world's poorest refugees sew their own solutions. hello, i'm sally bundock, with the top business stories, and we start with the turmoil at the top at openai. most of its staff are now calling on the board of the artificial intelligence company to resign, after the shock dismissal of former boss sam altman. in a letter, almost all of the company's 770 employees have reportedly questioned the board's competence, and accuse it of undermining the firm's work. the signatories also demand mr altman's reinstatement. his dismissal on friday kicked off a rocky few days

for the firm. our north america business correspondent erin delmore has the latest. what began as the firing of openai as ceo and co—founder sam altman on friday is now a stand—off between hundreds of openai employees and the company's board. nearly all of openai's workers are threatening to quit if the ball doesn't resign and reinstate the former leadership. board members fired altman on friday, saying in a statement that he was not consistently candid in his communications with them. the company also announced that greg brockman the president and co—founder of openai would be stepping down as chairman of the board, but he quit. the company has named emmett cher, the co—founder of the live

streaming platform twitch as openai's interim ceo. two broken —— prominent openai heads have signed onto the letter. on monday morning, the chief scientist tweeted he deeply regrets his participation in the board because my actions. openai has been the dominant force in al development with its chatgpt chat bot. this episode is highlighting a split within the field of ai between those pushing for progress and those urging caution. meanwhile, microsoft has invested more than $13 billion in openai. it quickly hired altman and brockman who will lead a new advanced research team. openai said in their letter that microsoft had assured them they were jobs for all. on monday altman and brockman�*s hiring sent microsoft shares up two percents, hitting a record 2%— the technology giant. well, the world of artificial intelligence will dominate

the business news today for other reasons as a major player will be revealing how much money its making later. the techn giant nvidia will report its third quarter results. in august, its sales hit a record, after more than doubling, as demand for its ai chips soared. in may, the firm joined technology giants, apple, amazon, alphabet and microsoft in the elite club of companies with stock market valuations of more than a trillion dollars. but this is an extremely competitive space — just last week, microsoft unveiled two chips at its ignite conference in seattle that could compete with nvidia's ai graphics processing units. josep bori is research director of the thematics division at globaldata. a warm welcome to the programme. so if we start with nvidia to begin with, what will it tell us today about how it is doing, and will markets be suitably impressed, or not? good morning, thank you very

much for having me. well, yes, certainly nvidia shares have been on the turn up lately, over 2a0% the year to date, and as you mentioned earlier, the results last summer provided very strong guidance that suggests that things are looking good for tonight. but i guess the question is what happens beyond this quarter, kind of in the long term? in our opinion there is a balance of positives and negatives probably are weighted to the positive side. on the positive side we would say the first nvidia keeps their technology leadership in the ai chip development. secondly it has successfully navigated the us export with products exported to the chinese market, which one must assume it is somehow tolerated by the us government, and thirdly we can see some signs of de—escalation in the us china trade dispute following the meeting last week in san francisco between us president biden and chinese

president biden and chinese president xi. now balancing all that, we also see a couple of risks. one is the intensifying competition, as mentioned in the earlier part. they announced a new processor for the ai market that will generally be available at the beginning of 2024, plus also microsoft has joined the general trend microsoft hasjoined the general trend among microsoft has joined the general trend among cloud vendors to develop their own ai chips, with the launch of my in the ignite event last week. —— with the launch of maya. finally the other potential concern is the trade war has driven a significant pre—ordering, so far the us export bans have driven a lot of pre—ordering by each restriction. how much of that would snap back at some point

in 2024? that is the key question. in 2024? that is the key question-— in 2024? that is the key question. let's talk about openal- _ question. let's talk about openai. what _ question. let's talk about openai. what you - question. let's talk about openai. what you think l question. let's talk about - openai. what you think might happen next? well the board resigned today? that happen next? well the board resigned today?— resigned today? that is a difficult question. - resigned today? that is a difficult question. it - resigned today? that is a difficult question. it is i difficult question. it is certainly a very fluid situation. there are two aspects to this story. there is what was the driver behind the firing of sam altman because it is not very clean —— clear what they mean by not being candid with the board. it mightjust be a power struggle and they were trying to set up a separate company on the back of openai and that triggered the decision, or it might be related to their views about progress ai going forward. that will be important to determine what happens with openai after the situation, and yes it is possible that the board has to resign because it is really a survival situation for al right now. microsoft has taken the key employees from the company, and it is not clear how the

relationship with openai will unfold, if the key employees, the chip designers and managers have moved to an ai relationship with the microsoft company. so it is a possibility.- company. so it is a possibility. company. so it is a ossibili . ~ , possibility. where we will be kee - in . possibility. where we will be keeping a — possibility. where we will be keeping a close _ possibility. where we will be keeping a close eye. - possibility. where we will be keeping a close eye. thank. possibility. where we will be i keeping a close eye. thank you very much indeed. it is a busy day today. later today, we'll get more of an indication as to whether interest rate rises or cuts might be on the way when the minutes from the federal reserve open market committee's most recent meeting are published. in october, the federal reserve kept its key interest rate unchanged between 5.25% and 5.5%%. fed chairjerome powell said then that the rate of price rises was still well above its target. but us inflation has eased to 3.2%% over the 12 months to october. that is the picture the us.

eurozone inflation has also started to cool to 2.9%% in the 12 months to october. latertoday, president of the ecb, christine lagarde, is giving a speech on inflation at the german ministry of finance. joining me now is carsten brzeski, global head of macro for ing research. lovely to see you. i have seen this throughout this year, i would not want to be a central bank governor right now, if we start withjerome bank governor right now, if we start with jerome powell, bank governor right now, if we start withjerome powell, the minutes from the fed, markets are very buoyant, both on wall street and today in asia on the expectation that is it this yearfor expectation that is it this year for the fed. expectation that is it this yearfor the fed. no more movement on interest rates. your thoughts?— movement on interest rates. your thoughts? good morning. i also would _ your thoughts? good morning. i also would not _ your thoughts? good morning. i also would not want _ your thoughts? good morning. i also would not want to - your thoughts? good morning. i also would not want to be - your thoughts? good morning. i also would not want to be a - also would not want to be a central banker these days. i think the fed is done with hiking interest rates. inflation has turned out probably faster than the fed had expected, and the us

economy is clearly looking at a significant slowdown, so at this juncture it doesn't make any sense. to the contrary, next year we will be looking to rate cuts by the fed. i next year we will be looking to rate cuts by the fed.— rate cuts by the fed. ! talk about euro _ rate cuts by the fed. ! talk about euro zone _ rate cuts by the fed. ! talk about euro zone now. - rate cuts by the fed. ! talk| about euro zone now. when rate cuts by the fed. ! talk. about euro zone now. when it comes to central bank governor jobs i think this one has to be the hardest, because there is such diversity between the members of the eurozone. so christine lagarde is delivering a speech. what will she say, and will it move markets, do you think, what she has to say today? it you think, what she has to say toda ? ,, you think, what she has to say toda? ~ today? it probably will. we will also have _ today? it probably will. we will also have to _ today? it probably will. we will also have to listen - today? it probably will. we will also have to listen to l will also have to listen to what the german ministry of finance will tell about the ruling last year because germany all of a sudden needs 60 billion euros. inflation has come down faster than the ecb had expected. the eurozone economy is doing worse than the ecb had expected and of course christine lagarde will not be able to say that was it, but i think she has to keep that in.

so no further rate hikes by the ecb. to the contrary, the ecb will be very quickly facing a discussion it doesn't like, namely when will we see the first rate cuts by the ecb, in an economy that is stagnating, continuing to flirt with recession and in an economy where recession has come down to below 3% already. can where recession has come down to below 3% already.— to below 396 already. can i 'ust aet from to below 396 already. can i 'ust get from you i to below 396 already. can i 'ust get from you a i to below 396 already. can i 'ust get from you a sense i to below 396 already. can i 'ust get from you a sense of h to below 396 already. can ijust get from you a sense of where | get from you a sense of where you are at, when it comes to the outlook for the global economy then, because there are many pessimists out there but there are also those who are quite optimistic about 2024. where are you at as all the central bank governors and of course we have the autumn statement in the uk tomorrow, where they are all talking about trying to keep control of inflation? :: about trying to keep control of inflation? i: ., ., , ., inflation? 2024 will again be a very difficult — inflation? 2024 will again be a very difficult year _ inflation? 2024 will again be a very difficult year for - inflation? 2024 will again be a very difficult year for the - very difficult year for the global economy. the us is heading to a soft landing. the eurozone economy is not moving anywhere so there will be stagnation in europe in 2024 plus china has not gained

momentum. it is another year to forget for the global economy and hopefully 2025 will then finally see a global rebound. i will hold you to that, cast and, when we talk to you next time. thank you very much. in the uk, as we've mentioned, a big day tomorrow for the economy. the prime minister rishi sunak has said his government is now able to cut taxes, after the pace of price rises eased. mr sunak said his target of halving inflation had been met so taxes would be reduced in "a responsible way". but he's declined to comment on "speculation" about changes to individual taxes and said there would be more details in wednesday's autumn statement. live now to dan kemp, global chief investment officer at morningstar investment management. good morning to you, dan. this is normal course in the run—up to a statement from the chancellor of the exchequer, whether it be the budget or the autumn statement. so much speculation about what will be

in it. interesting to be hearing from the prime minister on this. ,., ., ., hearing from the prime minister on this. ., ., �*, on this. good morning. that's absolutely — on this. good morning. that's absolutely right. _ on this. good morning. that's absolutely right. you - on this. good morning. that's i absolutely right. you mentioned earlier are you not want to be a central banker this year, i wouldn't want to be chancellor either. jeremy hunt is in a very tricky situation. you are absolutely right, we normally do have leaks before a budget oran do have leaks before a budget or an autumn statement or big fiscal event. not often from the prime minister. so that has really painted jeremy hunt into a corner, but i think stepping back from the politics of all fairness, from an investment perspective, the first thing everything —— everyone will be looking for tomorrow is stability. we are all still a bit scarred by the mini budget that we had this time last year which sent capital market investors into a tailspin, so first of alljeremy hunt's objective must be to retain that confidence in the uk economy and then he can do something.

economy and then he can do something-— economy and then he can do somethina. , , , something. yes, it will be very interesting _ something. yes, it will be very interesting to _ something. yes, it will be very interesting to see _ something. yes, it will be very interesting to see what - something. yes, it will be very interesting to see what is - something. yes, it will be very interesting to see what is in i interesting to see what is in this autumn statement because it comes at a critical time for the conservative party, when they are desperately trying to win over the public with an election not far away at all. yes, again, you are absolutely right, that the politics around this obviously is focused on the election, and wanting to give the party a philips before that, but as investors, we are always thinking about the long—term, not about what happens over the next six months, and ifjeremy hunt wants to set up the uk economy for the long term and then obviously we would want him to focus more on structural issues that we see in the uk. we still want to see inflation coming down, that stability that encouraged investments by business and also individuals. thank you so much, good to see you, have a good day. around the world and across the uk, this is bbc news. voice-over: bbc news, -

bringing you different stories from across the uk. we're campaigning for free school meals. it's been proven that people that have school meals make more progress in english and maths. the school council at hillstone primary in birmingham is on a mission. all children in england get free school meals until they are seven. but from year 3, only a limited number are entitled. year 3 above, if you earn more than £7,400 — - and that figure hasn't - changed for a long time — then you are not entitled to free school meals. - so we have parents on low. incomes working two or three jobs, to make ends meet, earning just over that amount of money, - and then they have to pay for school meals as well on top. | in northern ireland, the income threshold is double, at £14,000, and in scotland and wales, free school meals for all primary—aged children are being rubbed out. primary—aged children are being rolled out. in london, they currently

get free meals as well. it makes me feel a bit disappointed because, if they have it, then that's not fair for everyone else. the food foundation charity says the income threshold qualifying for free meals is too low. children say they will continue to push for change for their health. voice-over: for more - stories from across the uk, head to the bbc news website. hello again. you're live with bbc news. let's continue with the business coverage. according to the world bank, there are an estimated 500 million people suffering from period poverty — that's women and girls who can't get access to basic products and facilities to deal with menstruation. but one young woman from the uk decided to do something about it. what started at home during lockdown has now turned into a global charity funded by donations which helps thousands of women. we went inside part of her operation in lebanon, to see how the project

is making a difference. sam everett reports. wherever there is poverty, there is period poverty. and yet no—one talks about it. this is ella. in lockdown she started to sew reusable period pads and selling them to girls and women in the world. people living in refugee settlements who don't have the products they need, so they may leak through their clothes and because the stigma is so strong they don't know who to ask or how to ask because they are so scared of talking about periods in the first place. three years later she has built a team of thousands of volunteers who have sewn more than 100,000 pads and she has come to lebanon, one of the countries her charity, the pachamama project, project helps. translation: here in our. region, women are ashamed to ask for pads. translation: i'm still embarrassed. | i'm washing and drying them inside the room so no—one else can see them. 60% of our pads have been distributed in lebanon

and we found that it's so important to support the refugee community but also the national community. people do not have spare money and often it's the case between buying pads or putting food on the table, buying bread. translation: the cost of living is very high in lebanon. - the situation is dire. i reached a time during this crisis when i had to cut up warm clothes to use them as sanitary pads and provide pads for the girls. we tried other methods but they caused bad side—effects, allergies. these were a better and healthier option. the charity has partnered with organisations and women's centres to help distribute hygienic reusable pads in the area. translation: in the past i used to pay a lot - to buy sanitary pads. $4 or $5 per month. translation: this saves us money as we have a lot - of payments nowadays — medicines, rent. while she is here she's been teaching local schoolchildren how to sew the pads who plan to form their own project. fit, form their own project. workshop with mrs lr can give

this a scale that women any target community so they can also make these pads and use them for themselves and sell them for themselves and sell them and make some money. i experienced bad periods and every time i get a lot of cramps, it prevents me from doing daily activities. i have the privilege of having pads and medications i can't imagine how they could feel. we and medications i can't imagine how they could feel.— and medications i can't imagine how they could feel. we have to live how they could feel. we have to give them _ how they could feel. we have to give them a _ how they could feel. we have to give them a voice _ how they could feel. we have to give them a voice and _ how they could feel. we have to give them a voice and we - how they could feel. we have to give them a voice and we had i how they could feel. we have to give them a voice and we had to normalise — give them a voice and we had to normalise it. at the end of the day they— normalise it. at the end of the day they should not be a luxury~ _ day they should not be a luxury. they are right. i do not — luxury. they are right. i do not want _ luxury. they are right. i do not want to be ashamed about speaking — not want to be ashamed about speaking about my period. with an estimated _ speaking about my period. with an estimated 500 _ speaking about my period. tn an estimated 500 million speaking about my period. ii�*u an estimated 500 million people suffering from period poverty around the world there are still long way to go. we see disproportionate _ still long way to go. we see disproportionate effects - still long way to go. we see | disproportionate effects that poverty has on women and i don't think that should be the case and if we can get the pads to as many people as we can, we can hopefully get rid of period poverty for people in lebanon and around the world as well.

emma lamb but there, leading pachamama project, closing the report by sam averett. let's look at other business stories. elon musk�*s social media company "x" is suing watchdog media matters for defamation. since last week several major advertisers have left x, amid a growing controversy about anti—semitism. last thursday, media matters said it had found that ads for major brands had appeared next to posts that touted nazism. each meanwhile, in another blow to x, the white house has joined its rival threads, which is owned by meta. the move, which the white house says was in the process for several weeks, comes just days after the white house and others criticized musk for endorsing an anti—semetic post. the colombian pop star shakira has reached a deal with spanish prosecutors to settle a tax fraud case, just as her trial was about to begin. the singer has paid a 7.5 million euros euro fine —

prosecutors had wanted to jail her for eight years and fine her over three times that if found guilty. shakira, who has repeatedly denied any wrongdoing, fish said she settled "with the best interest of my kids at heart". as the world races towards net—zero, arguably one of the most important commodities will be lithium. it's used to power electric cars, phones, laptops and to store wind and solar power. in fact, global lithium production has tripled in the last ten years, but even that rate of supply isn't going to be enough to keep up with demand. according to the international energy aglency, we'll need six times more lithium by 2030. together, australia, chile and china produce 90% of the world's lithium. the global market is currently valued at $8 billion.

live now to simon clarke, who's the ceo of the american lithium corp. good to have you in the programme. you've been working in the energy market for many, many years. talk us through this high demand for lithium and the fact that we could run out quite soon. what does that mean? ,., ., out quite soon. what does that mean? , ., ., ., out quite soon. what does that mean? ,., ., ., , mean? good morning, sally. i thinkfirst _ mean? good morning, sally. i think first of — mean? good morning, sally. i think first of all _ mean? good morning, sally. i think first of all lithium - mean? good morning, sally. i think first of all lithium is - think first of all lithium is one of those commodities that is tough to mine. there is a fair amount is tough to mine. there is a fairamount of is tough to mine. there is a fair amount of lithium is tough to mine. there is a fairamount of lithium in is tough to mine. there is a fair amount of lithium in the world but it is tough to mine and tough to mind economically. obviously if we are not able to supply enough lithium, it will definitely slow down the transition to the ev adoption rate and also obviously move towards zero, so clearly securing supplies of lithium

and being able to recover it and being able to recover it and extract it economically is and extract it economically is a critical thing moving forward. it a critical thing moving forward-— a critical thing moving forward. , . ., forward. it is critical and it's very _ forward. it is critical and it's very political, - forward. it is critical and it's very political, isn't l forward. it is critical and | it's very political, isn't it, when you get 90% of the world's lithium is currently produced by china, chile and australia. yes. it is political. i think actually probably the bigger issue rather than just those numbers alone is that most of the lithium that even is produced in settling australia to some extent chile up going to some extent chile up going to china. china is the world's refining hub for lithium. someone like iron or when the australian, western australian miners with lithium, the model is a mindset, crusher, concentrated, put on a boat and send it to china, so as much as 80% of the world's refined

lithium products come from china and obviously in today's world that causes issues and some concerns and that's why you are seeing such a rush in north america, in europe and other parts of the world to develop domestic supplies of lithium. �* , ., lithium. but if it is not there. _ lithium. but if it is not there, how _ lithium. but if it is not there, how do - lithium. but if it is not there, how do they i lithium. but if it is not there, how do they do j lithium. but if it is not - there, how do they do that? it is there, sally. it is how do you get it out and how to get it out economically?- it out economically? also sustainably, _ it out economically? also | sustainably, presumably? absolutely. there are a lot of areas of the world when lithium is mined in high deserts, where water is obviously scarce and a lot of the bride production for example uses a lot of water in areas where water is scarce. so yes, it is an issue. what i would say is extraction techniques and technology are improving. we are starting to see big players and the scene. just last week we saw exxon and

chevron in the us start to move, which obviously makes sense from energy companies to start to move to the unconventional bride situations in the us. again, there are fairamount of in the us. again, there are fair amount of deposits of lithium in parts of the world. it's up until now they have not been economical, technological available to be produced and recovered.— available to be produced and recovered. before you let you i o, recovered. before you let you no, in recovered. before you let you go. in your — recovered. before you let you go, in your view, _ recovered. before you let you go, in your view, we - recovered. before you let you go, in your view, we in - recovered. before you let you go, in your view, we in the i recovered. before you let you | go, in your view, we in the uk are so far behind now in this area. i know we've got a battery factory being developed in the south of england thanks to a deal brokered recently, but your thoughts on where we are at? , ., , are at? yes, i mean, listen, i think the _ are at? yes, i mean, listen, i think the uk _ are at? yes, i mean, listen, i think the uk is _ are at? yes, i mean, listen, i think the uk is in _ are at? yes, i mean, listen, i think the uk is in the - are at? yes, i mean, listen, i think the uk is in the same i think the uk is in the same situation as the us. the us produces about 4,000 tons of lithium a year and this year

there will be 9000 tons mined globally so that a fraction and the uk and europe is similar. i think you are seeing lots of efforts to improve that but clearly my view remains it's got to be a concerted effort by all of the global allies, if you like, working together to bring on the technologies and deposits that we need. collaboration. comes up a lot. thank you. good to talk to. really interesting. simon clarke, who's the ceo of the american lithium corp. i will see you soon. hello. the weather's fairly quiet at the moment — typical autumn weather, really. towards the end of the week, possibly a little dose of winter on the way. but let's concentrate on the here and now. so tuesday, a rather cloudy day across england and wales, but across scotland and northern ireland, i think, some

sunshine on the way. now, the satellite picture shows that we're sort of in between weather systems. we have got thicker cloud on the way. that will be in place across the country on wednesday, but before that happens, this area of high pressure nosing across the country, and that means that the morning will have been sunny across scotland and northern ireland and also quite chilly, whereas we've got the thicker cloud across the bulk of england and wales, with temperatures between 7 and ten celsius. so, later on in the morning, i think it stays fairly cloudy across east anglia, parts of the midlands and the south. some showers, too. you can see that breeze off the north sea, but sunshine developing across many parts of northern england and wales. the opposite is true across scotland and northern ireland. after that crisp, sunny start, thicker cloud moving in, and perhaps some spots of rain. and then, take a look at wednesday — really thick cloud across the northern half of the uk, a stronger breeze and also some outbreaks of rain, but the temperatures will be a little bit higher.

this is relatively mild atlantic air, so in some spots, up to about 14 degrees, for example, in belfast, and then thursday, and into friday, we see some big changes going on in the air. this cold front is expected to sweep southwards across the uk, opening up the doors to stronger winds and colder air, sweeping in from the northern climes, all the way from the norwegian sea, and, yes, that does mean that we'll see some wintry showers, particularly across the scottish hills. now, thursday isn't going to be too chilly — i think temperatures will quickly, later on in the day, drop, in the north, but i think in the south, we're still talking about 13 or so. by friday, after the passage of that cold front, you can see a northwesterly or northerly wind, some wintry showers there across the scottish hills, but also a lot of crisp sunshine, and with that colder air, temperatures only around 4 degrees in the lowlands of scotland, maybe about 8 or 9 in the south. bye—bye.

good morning, welcome to breakfast with sally nugent and jon kay. our headlines today. england's chief medical officer, sir chris whitty, faces questions on lockdowns and government decision making when he gives evidence to the covid inquiry later.

it follows evidence yesterday that scientists were not aware of rishi sunak�*s eat out to help out scheme until it was announced. the leader of hamas indicates the group is close to agreeing a truce with israel — as discussions continue over the hostages and a pause in the fighting. could first—time buyers be given a help up the housing ladder? the big lenders are calling on the chancellor to make buying a first home more affordable. in sport, cardiff awaits — it's set to be a nervous night for welsh fans. can they get the win they need with automatic qualification to euro 2024 at stake? good morning. some sunshine to start the day across scotland and northern ireland, with the cloud building later. for england and wales, starting with some cloud, the spot of rain, but the sun will come out later in the day. all the details

throughout the programme.