this could work against mr biden. that's according to ryan sweet from oxford economics. the number one thing against president biden right now in this election cycle is inflation, and inflation is very unpopular with americans consumer, it eats away at purchasing power and there are a few ways of looking at it inflation. economists pay attention to the inflation rate, and most consumers look at the price level, prices and gasoline at the pump, they are higher, but prices are higher, milk prices, things they see on a regular basis are higher than there were a few years ago, and i think that will work against president biden, but does not downplay the rest of the economy. thejob market is downplay the rest of the economy. the job market is very strong, and the high interest rates we are seeing now are rates we are seeing now are more a rates we are seeing now are more a symptom of high inflation that we experience in the past and that the reserve is transit rain in inflation.

we might learn more during the debate. where do biden and trump differ regarding their economic plans?— trump differ regarding their economic plans? there's a lot of difference, _ economic plans? there's a lot of difference, the _ economic plans? there's a lot of difference, the next - of difference, the next president will set the course for the economy notjust for the next four years but potentially longer. some of the key differences we have looked at and modeled through over model is more on the supply side of the economy, so immigration for example, former president drum once stricter immigration policies which will lead to a tighter labor market in the us which means stronger nominal wage group which sounds good to the consumer and american worker but will also lead to higher inflation as well. also, working against the future inpatient if we have a second presidential term, our tariffs, they are inflationary and passed on to the american consumer and president drum likes to use that when it comes to protection policies, and

prefers terrace. on the other hand, biden is more open to legal migration which would be a boon to the economy over the next several years because the labor supply in the us is only rising over the next few years and that would be key in rebalancing the labor market over the next several years. another difference, getting back to the stick and carrot approach, resident biden prefers using the carrots, but that does not mean he would not use tariffs, and we've seen them use them against china, either we there is me would be more detection policies but one key difference would be on the immigration front. you key difference would be on the immigration front.— immigration front. you can watch the _ immigration front. you can watch the debate - immigration front. you can watch the debate live - immigration front. you can watch the debate live on i immigration front. you can l watch the debate live on bbc news and more of our coverage on the bbc news website. staying with the us, where the opioid crisis has impacted millions of lives. now the supreme court has thrown out a bankruptcy settlement which shielded the sackler family — whose firm made the drug oxycontin. purdue pharma was facing thousands of lawsuits over the marketing of

the pain medication. under a bankruptcy deal its owners gained immunity michelle fleury interviewed the mother of two victims of opioid addiction. how have you been affected by the opioid crisis? so, i have had two children die from overdose. cheryl's son, cory, was a new father when he died at the age of 23, 13 years ago. his brother sean was in recovery when he died in 2021. she's turned her heartbreak into advocacy. i started an organisation called team sharing. it's an organisation of parents that have all lost their children from substance use disorder. what is your reaction to the supreme court ruling? i can't even see the future of how this will play out, because it will be a run to the courthouse to see who's going to get the most money. you know, this plan, although it's not a perfect plan, was agreed upon by 95% of the creditors.

so, all the states, they all agreed. everybody agreed and signed off on this. this was a good plan. you know, the victims will get nothing. it's going to be a complete nightmare. there was anger that the sackler family might be able to get out of being held accountable simply by contributing to the purdue bankruptcy settlement. putting the sacklers in jail is not going to save lives. it might make people feel happy that they got their due diligence. um, there's not a single person in this world, i don't think, that likes the sackler, but, um, but that's not going to save lives. and so this, to me, it'sjust so important that this $6 billion get out there, get out into the communities who are all doing such good work now with the $50 million that they've gotten so far. and we can put a stop to this epidemic once and for all.

european union leaders have nominated ursula von der leyen eu leaders have nominated current european commission head ursula von der leyen for a second five—year term in the bloc�*s top job at a summit in brussels. the european parliament was a vote on the nomination next month. the head of the world trade organization has told the bbc that the rules of global trade need looking at in order to make sure they benefit the fight against climate change. it follows new tariffs or import taxes that the eu and us have slapped on chinese electric vehicles and other green technology in recent weeks. my colleague aaron heslehurst asked ngozi okonjo iweala about the multiple challenges facing global trade at the moment. trade is not having the best of times at the moment, but let me respond to you in two ways, i think first, a little bit of the not so good news, we are

seeing increasing protectionism and some, and some of this is leading to fragmentation, so we are concerned about that. i know we are seeing that trade between like—minded blocks is growing faster than trade across such blocks, which is some indication of what is happening with fragmentation. of course, it would be costly for the world, so this is not something we would like to see. on the other hand, erin, i want to say that in spite of all these problems, trade has also shown remarkable resilience. we have seen a rebound in 2024 of 2.6%, and we are projecting 3.3% next year. so there is some resilience.— 3.396 next year. so there is some resilience. with all the money such _ some resilience. with all the money such as _ some resilience. with all the money such as subsidies - some resilience. with all the money such as subsidies and some resilience. with all the - money such as subsidies and tax breaks that governments from the us and eu and china, they

are pouring all of this money into green technology, again, i am kind of wondering, do you think the rules of global trade need an update to make that competition fair? absolutely, ou have competition fair? absolutely, you have hit _ competition fair? absolutely, you have hit on _ competition fair? absolutely, you have hit on a _ competition fair? absolutely, you have hit on a very - you have hit on a very important point. first of all, we are very much supportive of it gets internet zero by 2050 at the wto mike there is nothing in our rules that discourages countries from doing that our members from doing that our members from doing it, and we support it. i think it is a question of how. if you subsidize research, for instance, that is very good. now, you asked about our rules, i strongly believe, yes, that some of our rules, yes we do need to look at them. remember, when they were put in place decades ago, we were not confronting the type of climate change threats we confronted

today. change threats we confronted toda . ., ~ ., change threats we confronted toda. ., ~ ., ., change threats we confronted toda. ., ., ., ., today. thank you to aaron for all his years _ today. thank you to aaron for all his years of _ today. thank you to aaron for all his years of service - today. thank you to aaron for all his years of service at - today. thank you to aaron for all his years of service at the | all his years of service at the bbc and wish them well. some news out of china — according to state media the country's politburo has set the dates for a long—delayed key communist party meeting next month. the plenary meeting of the central committee will take place from july the fifteenth to the eighteenth. reports say it will focus on pushing ahead with further reforms and china's modernisation. american sportswear giant nike has just released its quarterly report card. it reported a surprise drop in revenue in the october to december quarter of last year, as demand for its apparel and footwear slowed. this also caused the company to lower its guidance for the year. but things could be looking up. nike is currently the top sponsor ofjerseys at the euros 2024 soccer tournament, beating out brands like adidas and puma. retail analyst neil saunders gave us a sense of the road ahead for the company. what they should do in theory, especially the olympics, it's a pinnacle sporting event. we

know that during the other pics and the aftermath it encourages more people to take up sports and personalfitness, but that guidance for the first quarter, which would include the olympics, of revenue down 10%, suggest that nate does not really think in the general scheme of things that be much of an uplift, and i think that is disappointing because nate will be front and center of those olympics. it always it is. it is their time to shine. as i said, we have a lot of the younger brands that would take advantage of that increased interest in sport, and again, it suggests that nate is very firmly on the back foot, at least for the moment. shares of online comics platform webtoon have risen by more than 9% on their debut on the nasdaq stock exchange. the company, which is owned by south korea technology giant naver, has been boosted by the growing online popularity of korean and japanese comics. it had a market value of around $2.9 billion after its first trading day in new york.

just a recap of our top story. in few hours' time, joe biden and donald trump will face off in their first televised debate for this year's us presidential election. you can find more of our �*live' coverage and analysis of the debate on our website, bbc.com forward slash news. thanks for watching.

hello, and welcome to sportsday with me olly foster. england are hit for six, after six after six, beaten by india in their t20 world cup semifinal england's footballers are trying to block out the negative noise in germany , as they get ready for the last 16 at the european championship and it's not long before the grand depart in florence, we'll hear from the tour de

france favourite the defending champions england are out of the t20 world cup after being completely outplayed in their semifinal against india. chasing 172 for victory in guyana, they were undone by india's spinners and bowled out for 103 losing by 68 runs. india will now face south africa in saturday's final in barbados. here's our sports correspondentjoe wilson there was a rhythm to the cricket in guyana whenever the rain stopped. rohit sharma started. india's captain. no one in the world bats better. on the evidence of this world cup 57 runs from 39 balls. but when rohit missed, adil rashid hit india's other

adil rashid hit.