In MACRO NEWS, the Fed keeps rates unchanged, Trump reacts, Reeves pushes the third runway and the Bank of England warns about the repercussions of mortgage limits. In TECH NEWS, we see more reaction to DeepSeek, chips recover, Microsoft has a strong Q4, Apple sees an opportunity and Meta reports decent Q4 numbers. In CAR-RELATED NEWS, Tesla has a mixed year, UK ministers look to subsidise EV loans, UK car production hits a new low and a British car parts firm gets snapped up. In MISCELLANEOUS NEWS, UK consumers face higher water bills, shoplifting booms, Morrisons blames the Budget, Barclays pushes RTO and Lloyds Banking Group cuts 136 branches. AND FINALLY Graham takes you on a ski descent!