a very warm welcome to bbc news, broadcasting to viewers in north america and around the globe. my name is mike embley. our top stories: dramatic falls on the stock markets. the dowjones finishes 4.6% down — its biggest one day fall since the financial crash a decade ago. its sharp fall is echoed in asia. stock markets injapan and hong kong tumble by about 4%. the political crisis in the maldives deepens: the former president is detained as a state of emergency is declared. a warning from the eu — britain will face ‘unavoidable‘ barriers to trade if brexit means it leaves the customs union and the single market. this fellow. —— hello. stocks in china, hong kong and japan have opened sharply lower as asian markets react to a record fall in the dow, the main american
stock market index. the dow closed down more than 4% — over a 1000 points — the biggest one—day point fall in history. investors are reacting to the latest data on wages in the us, which suggest bigger interest rate rises might be on the way. katie silver reports. little did they know, they were ringing in the bell on what was to be the worst day on wall street in a decade. the dow jones industrial average, which measures the performance of 30 major companies, fell by an unprecedented 1,175 points. and it wasn't the only index to tumble. the nasdaq composite dropped almost 3.8%, while the s&p 500 lost more than 4%, its biggest drop since 2011. the trouble began last friday when new figures showed wages in the us were growing faster than expected. investors predict that a rise in salaries will cause more people
to spend more, pushing up inflation. and if there's a rise in inflation, the us federal reserve will hike interest rates, which the market doesn't like. the wall street plunge isn't a good look for donald trump, who has repeatedly touted its successes during his 13 months as president. the white house responded to the current sell—off, saying there's always concern when the market loses any values, but they're confident in the economy's fundamentals. the malaise has spread to asian markets. in australia, stocks were down almost 2.6% at the open. the benchmark asx 200 has already lost almost $41 billion us, and the trading day is only halfway done. the nikkei index ofjapan dived more than 5% in early trading. it is coming off a 26—year high and was expected to correct itself, but quite this steeply. while in hong kong, stocks have
plunged almost 3% at the opening. how the markets will fare as the trading day continues, though, remains to be seen. katie silver, bbc news. let's cross live to shanghai and speak to robin brant. this is an odd one, isn't it, because the data that triggered this was actually good news for the us economy. the dow has been at record highs. analysts are saying that this appears to be a correction. stock—market correction, some profit—taking. as was explained in that piece just then, even though the fundamentals in the us economy appeared to be very healthy, unemployment at record levels, which is increasing, there is some nervousness about monitoring policy
decisions coming down the line. —— monetary. not just decisions coming down the line. —— monetary. notjust in the us. we have a new chair at the us federal bank. the expectation is that americans could be out there spending more in millions of shops, online, across the country, and this could mean a rate inflation, and the fed is committed to keep inflation a certain target, and they do that by putting interest rates up. so there was an expectation of interest rates increasing, and that might be one reason why we have seen the events of the last 2a — 36 hours, with the dow losing so much. that record one—day loss in terms of points in terms of one day. but i think the speed of the losses and their intensity at this to be the biggest concern. we look to some of these s&p futures trading after hours, and they are not heavily traded usually. but the signs they are that when new
opens again, this route me continue. here in shanghai, we are seeing losses in the concert market of over 296. -- losses in the concert market of over 2%. -- that losses in the concert market of over 2%. —— that composite. double it in japan, and hong kong. interest in the —— increasingly in china there is talk of a government intervention. this is to try and stop domestic losses and maintain some stability. that might be why the losses you have not been so severe. just briefly, in stock—market alone is not a country's economy. there is more to it than that. but this is a tricky one, isn't it, for donald trump? boasting about stock—market gains, it's a dangerous game for a
president. but he done a lot of it. but if you own a burning down, you need to take the calls as well. residents try to own the ups and stay away from the downs. i think be difficult for it donald trump, and whether this man is an anti— politician, he has tried to, i think we can expect is cautious words from the white house. not perhaps from donald trump himself, at distancing, certainly personally, to a certain extent, from losses like this, and the early signs are that is what we are seeing. we are seeing statements from the white house press office to try and reassure people, reassure investors, but obviously cut will we see the president on twitter? well, we will see. let's take a look at some of the other stories making the news. the disgraced former doctor larry nassar has been sentenced to another a0 to 125 years in prison for sexual abusing young female athletes.
he already faces a lifetime in jail for two earlier sentences. the latest sentence ends criminal proceedings against nassar, the former usa gymnastics team doctor. the south african president is under mounting pressure to step down as senior members of the governing anc meet in emergency session to discuss his political future. party leaders are thought to want jacob zuma to leave office ahead of the state of the nation address to parliament on thursday. the british—born actor who played one of tv‘s most popular screen dads in the us sitcom frasier, john mahoney, has died in chicago, aged 77. he was famous for his role as martin crane, a grumpy, down—to—earth retired policeman who often outwits his two pretentious sons. the role earned him two emmy and two golden globe nominations. a state of emergency is in force in the maldives, and security forces have detained a number of opposition politicians. the political crisis comes during the country's peak tourism season when tens of thousands of foreigners visit the maldives' tropical beaches.
bill hayton reports. this is the moment police detained the former president of the maldives, maumoon abdul gayoom. neighbours came into the street to shout their good wishes as he was taken away, reportedly to a prison island. before his arrest, he posted this statement to supporters online. translation: police are here to arrest me. i remain stead fast in my resolve. i do not know what the charges are. i haven't done anything to warrant arrest. i urge everyone to be strong. we will not give up the reforms we started. stay courageous. police were also sent to the supreme court in the country, arresting the supremejustice and one other judge. the current president, abdulla yameen, ordered the moves against the court after it ruled that terrorism charges against nine
opposition politicians were not justified, and ordered they were freed. instead of complying, president yameen ordered a 15—day state of emergency, the sacking of the police commissioner, and a political crackdown. 0pposition supporters made their feelings known. 0ne mp called the event "a purge." and the american and british governments have called for president yameen to obey the law. but the two biggest players in the maldives' politics, india and china, have so far remained silent beyond the warning tourists could be in trouble. this is the peak season for the main industry of the country, and the consequences of the actions of the president could be very costly for the maldives. bill hayton, bbc news. here in the uk, the prime minister's decision to rule out membership of any kind of customs union after brexit will mean new trade barriers on british goods and services. that was the warning from the european union's chief brexit negotiator, michel barnier, in downing street on monday.
he went further, saying the time had come for the uk to choose what sort of relationship it wants with the eu after leaving. 0ur political editor laura kuenssberg reports. in a hurry. notjust to catch the 10:56 from brussels to london. we have not a minute to lose, because we want to achieve a deal. but the eu's chief negotiator wants to press on. it is time for bargaining, he says, as the next round of brexit talks loom. the first priority for him and his host david davis is to agree what happens straight after brexit. do you know what the british government wants? the two—years—or—so timeframe, not much will change, but the real posturing is about the longer term.
theresa may popped in for a drink after reminding her party that she wants out of the single market free trade area and the current customs union. but she knows, along with these two, there might be mishaps along the way. 0ur negotiating team is starting straightaway, tomorrow, certainly, on an intensive period of negotiation, and are confident we can get that agreement. yet while this might sound elegant in a french accent, it's still a warning. without the customs union, outside the single market, barriers to trade and goods and services are unavoidable. time has come to make choice. in other words — foreign secretary and others, make your mind up. the eu has consistently said we can't keep the best bits of the eu without losing, somewhere. but that has always been rejected by brexiteers. what my side wants —
now what most of the country wants — is a good deal. the way to get a good deal is to be very clear that we are leaving, we are leaving the single market, leaving the customs union. the fear of others in the tory party and in parliament is that the eurosceptics are too close to no 10. this week the prime minister hopes to get the cabinet to find a compromise. what is more important, sticking close to the eu or making the most of freedom outside? we've heard a lot of "we're not going to do this, we're not going to do that." what are we going to do? that is what we're waiting to hear, that is what the 27 countries the uk's negotiating with are waiting to hear. in the meantime, this uncertainty is really, really bad for business. no 10 has to make bargains within its party as well as with the eu outside. today's talks were about the eu and the uk plugging back in before the next charged round of negotiations really get going.
but arguably, for there to be meaningful progress any time soon, the uk ministers have to speed up their decisions about their overall approach. none of the questions are easy, but after months of squabbling, time to discuss becomes time to decide. laura kuenssberg, bbc news, westminster. stay with us on bbc news. still to come: a report from syria, amid claims that rebel—held areas were targeted by a suspected chemical attack at the weekend. this is the moment that millions in iran had been waiting for. after his long years in exile, the first hesitant steps of ayatollah khomeini on iranian soil. south africa's white government has offered its black opponents concessions unparalleled in the history of apartheid. the ban on the african national congress is lifted immediately, 1. 1125711125 ;; jet; rt; 3 §7
—— share prices plummet in the united states and asia: the dowjones finished 4.6% down. japan's nikkei sank 5 per cent in early trading. the maldives arrests a former president as a crackdown on the opposition intensifies. maumoon abdul gayoom was detained after the declaration of a state of emergency. in syria, government and russian forces have intensified air strikes against rebel—held areas. 0pposition forces shot down a russian fighter jet over the weekend. there are reports that chemical weapons were used in one of the government assaults the us state department has said it's "gravely alarmed". syria's government has previously denied using chemical weapons. there are distressing images in this report by nawal al—maghafi. a hospital in flames. here in idlib, a night of intense violence. rescue workers raced to the scene of the attack. inside, premature babies now being rescued from the bombing. exposed to the smoke, they struggle to breathe. medics attempt to resuscitate them. 0nly just introduced to the world, they're now fighting for their lives. elsewhere, these men are being hosed down after a reported
chlorine gas attack. while no—one was killed, attacks like this spread fear among the population. the escalation was a response to rebels shooting down a russian jet in the area this weekend. but this year has seen a sharp increase in reported chemical attacks. a us—drafted resolution that would have allowed an independent un body to investigate the chemical attacks, was vetoed by russia late last year. it was the ninth time russia used its un power to block action targeting its ally, syria. today, the us expressed his frustration. it is a true tragedy that russia has sent us back to square one in the effort to end chemical weapons use in syria. the besieged damascus suburb of eastern ghouta has seen for reported chemical attacks since the start of the year. —— four.
without weapons inspectors on the ground, activists have taken to documenting them. this is one of them. three were hit today, in the morning. now we'rejust... boom! along with shelling and air strikes, they have become a terrifying prospect for civilians. translation: we were sleeping. my wife woke up and said, "i can smell the chlorine." we closed the windows and covered ourselves with blankets. we can withstand it but the children can't. we have to be rushed to hospital. the syrian government denies using chemical weapons. this war, now entering its eighth year, has devastated the country and its people. and with international diplomacy failing, syria's war seems far from over. nawal al—maghafi, bbc news. the us house of representatives is
expected to vote later on tuesday. there was a partial shutdown for three days injanuary until republicans and democrats voted for temporary funding bill soppy the representative said the latest measure would find most agencies and two years cash for community health centres a man accused of hacking into us government computers has won a high court challenge against his extradition to the united states. lauri love, who has asperger‘s syndrome, a form of autism, is alleged to have carried out a series of cyber attacks against agencies including nasa and the us army. butjudges in the uk said it would be ‘oppressive' to send him for trial in america, where he could have faced a 90—year prison sentence, as our correspondent daniela the reason i've gone through this
ordeal is notjust to save myself from being kidnapped and locked up for 99 years in a country i've never visited, but it is to set a precedent whereby this will not happen to other people in the future. the appeal courtjudges ruled that lauri love's autism made him particularly vulnerable, that extradition to america could lead to severe depression, and make him a suicide risk. and crucially, for his well—being, he needed to be close to his parents, here in britain. the relief for lauri love, his family, and supporters is obvious here in court. they believe that this decision isjust and humane. in a spate of online attacks in 2012 and 2013, lauri love is alleged to have hacked into the computers and systems of several us government agencies. they include the fbi, the department of defense, the federal reserve, america's central bank,
and the space agency nasa. lauri love was traced via a romanian e—mail address and a paypal account. he's been interviewed here by britain's national crime agency but, as yet, has not been charged. today's judgement did not rule out a prosecution here in the uk, something his family and his supporters are prepared for. how do you feel about the prospect of a trial here in the uk and a possible jail term? i do trust a trial in the uk. in the us, the chances of me ever getting a trial are quite slim just because people are forced to plead guilty to avoid huge charges, huge sentences that they might face if they take a trial. in the uk, we don't strong—arm people into facilitating their own prosecutions. this case has been a strain on the entire love family, especially lauri's father, who is a prison chaplain. there is a consensus of agreement about the things that really matter,
about decency, about justice, about fairness. i've always believed to be born in these islands is to win the lottery of life and that what makes britain great, makes it great britain, is not our power or our might, but the fact that it is a great place to live. the united states now has two weeks to lodge a request for an appeal hearing at the uk supreme court. the crown prosecution service will also decide whether to bring charges. but, despite the remaining uncertainty, this was a day to celebrate for lauri love. he now wants to focus on his electrical engineering degree and is planning to pursue a career in cyber security. daniela relph, bbc news, at the court of appeal. a north korean spy who blew up a korean airlines aircraftjust months before the seoul 0lympics in 1988 has issued a warning ahead of south korea's winter games. kim hyon says the regime that recruited her and trained her to murder 115 south koreans has not changed. she's been recounting her extraordinary story to our seoul correspondent laura bicker.
news reel: she was under heavy sedation with her mouth covered with adhesive tape... translation: i was told that i was on the front line to unify korea, that i would be free in south korea like a revolutionary hero. i was full of pride and dignity. but i realised it was murder, killing my own people, innocent, everyday people. it was a japanese radio, a small radio, and that's where i put the detonator. next to it was the liquid explosive in a liquor bottle in a plastic bag which i placed on the
shelf in the plane. in the north, we are told that the south is a colony of america, poor and corrupt, that the us is an aggressor. we are told they are the arch enemy and we cannot live under the same sky. news reel: in a blaze of publicity this morning, the south koreans paraded the woman they claimed was a north korean agent. kim hyon—hui apparently told intelligence officers she'd blown up the south korean airliner to disrupt the olympic games. do you think right now all of this is fake? do you think the run—up to the olympics, the overtures of peace coming from kim jong—un, do you think it is fake? translation: of course it is fake.
the ultimate goal of north korea is to complete its nuclear programme. they have nothing in their mind but nuclear weapons. north korea will not change through dialogue. north korea cannot be changed by soft words. i believe only pressure will work on north korea. so, you have life, you have love, and now i believe you have children. umm, do they know what you did? translation: my children are not old enough to know the story, and i have not tried to tell them the details yet. but these days, with internet readily available, and my interviews on media, i suspect they must know something. my son is quiet,
but i think he knows. as the bomber, i have a lifelong work of atonement. it is my cross to bear for the rest of my life. the has been all kinds of cheerful mayhem in philadelphia as fans celebrated the eagles first ever super bowl win on sunday. tens of thousands of people took to the streets in jubilation after the eagle's 111—33 win over the new england patriots, but despite rowdy scenes like this, police say the celebrations were mostly peaceful. much more on the news at any time on the bbc website. and you can get in touch with me and most of the team on twitter. i'm @bbcmikeembley. thanks for watching. well, there its remaining cold for much of this week.
there is some snow in the forecast. that's going to be causing maybe a few problems on the roads to start tuesday. it is going to be a very cold, frosty one elsewhere. but a good deal of sunshine around too. this is the weather front bringing the sleet and snow to scotland and northern ireland over the course of the night. by tuesday morning, it will be lying across northern england and wales. maybe some rain to lower levels. sleet and snow to the high ground with plenty of showers behind it. skies will be brightening up gradually through the morning across scotland and northern ireland. these are snow showers, also some hail showers, adding to accumulations of snow across scotland and northern ireland. a very cold start. you can see the blue hue. temperatures, sub—zero for many, even by sam. that weather front lying across northern england, into parts of wales, the north—west midlands,
some sleet and snow could cause some problems. further east, a cold and frosty but largely dry start with some sunshine. certainly scraping those cars first thing before heading out. looks like that band of rain, sleet, and snow, will gradually fizzle out as it reaches the midlands. ahead of it, continuing to be sunshine for east anglia and the south—east. and further north and west, apart from a few wintry showers, sunshine but it will be cold. the weather front may invigorate again and take some snow to east anglia before it clears out. behind it, widespread clear skies. and a very cold night to come tuesday night and wednesday morning, probably the coldest night of the week. temperatures well below freezing out of town. it does mean a ridge of high pressure should bring spells of sunshine on wednesday. that's before this weather system brings strong wind and cloud and rain to the north and the west of the uk. with it, slightly milder air, but it will be brief, cold air will make a return by the end of the week and into the weekend.
a very cold and frosty start across the board on wednesday. plenty of crisp, winter sunshine for england and wales. scotland and northern ireland, cloudy with outbreaks of rain. mainly of rain, with some sleet and snow to the hills. the air starting to get milder. into thursday, slightly less cold air. temperatures, 6—9—10 degrees. cloudy day with outbreaks of rain and quite breezy. by friday, a ridge of high pressure builds in. plenty of winter sunshine but that colder air begins to move in from the west. this is bbc news. the headlines: share prices in the united states have plunged by more than 1,100 points in the biggest one—day fall since the financial crisis a decade ago. the dow closed 4.6% lower. the malaise spread to asia, with stock markets injapan and hong kong falling by about 4%. a former president of maldives, who was in powerfor three decades, has been arrested at his home as a crackdown on the opposition intensifies.
maumoon abdul gayoom was detained after the government declared a 15—day state of emergency, suspending parliament and sending police to the supreme court. the eu's chief brexit negotiator has warned britain that it will face "unavoidable" barriers to trade if it leaves the customs union and single market. speaking on a visit to downing street, michel barnier said the "time had come" for the uk to choose what it wanted after its 2019 exit. ministers have admitted they may have to renationalise the east coast main line as the current franchise