biden said the trump shooting calls for everyone to take a step back and cool the temperature in politics. he called on americans to stand together. from the beginning, our founders is understood the power of passion so they created democracy. that gave reason and balance a chance to prevail over brute force. that is the america we must be. american democracy, where arguments are made in good faith. an american democracy, with the rule of law is respected. an american democracy, were decency, dignity, fairplay are notjust quaint notions but living, breathing realities. investor david roche explained what the weekend's unprecedented events could mean for markets and the us presidential race. and the next thing that could happen if somebody takes a shot at biden and he gets the simpathy vote, butjust looking at the facts on hand,

these things usually don't go one and then another — it seems to me that the sympathy vote is important. and afterall it is coming on top of a competence vote. whether you agree with it or don't agree with it is neither here or there. the american public, including the democrats, were already having doubts about the suitability and cognitive capability of biden to actually run for office. we do have four years of experience over donald trump in office so if we take that as a cue to look ahead as to what four more years of trump policies would mean, help us understand that better. it's really not good. i mean, the first the first reaction is the super rich, who are the people at edge of the markets, who say, yippe, i'll pay less taxes and our companies will be less regulated. when you get down to the details, because of trump's trade policies, which are really all about an isolationist america, coming back into vogue,

trump's trade policies will cut 1.5% off growth and add 1% to inflation and the effect in europe is less on inflation and much more on growth, maybe 1% on growth. and much more on growth, maybe 1% off growth. what that means in america is that you lose the fed pump for the economy because the inflation rate is too high. and that's about effect. the second affect is that trump doesn't want to attack nato openly, but he wants to stop the war of ukraine which would basically fracture nato by another doorway. and that unleashes a global mistrust of america and a global arms race. the third theatre is out here where you are, the asian pacific theatre where we may well see trump i think being consistent in a way which will surprise, in other words, he's

going to take on china with tariffs of approximately 60%, 10% and all other trading partners, so that is extremely bad as i've explained for the economic performance, but at the same time, he cannot take on china in this way and abandon taiwan and another way because america still depends on the highend output of companies like tsmc to equip their military etc. so, you have a consistency of approaching the asian theatre where america really steps up to the defence of taiwan, which increases the hostility over china which we are already seeing, but the degree of warfare can get a lot worse. alphabet is reportedly close to buy weirs, a social security starter. it would be worth $23 billion. if the deal goes through, it would mark alphabet�*s biggest acquisition

so far. we expecting a of data out of china at the top of the hour, including growth figures for the april and june quarter. according to economist, gdp is set to come in at five x 1%, slightly lower than growth in the first quarter. the world's number two economy has been struggling with a lopsided economy. the data comes as top leaders from the chinese communist party are gathering in beijing for one of china's most important political meetings of the year. the third plenum will be held behind closed doors and kicks off today. historically it has resulted in a major policy announcements and this meeting will focus on the country's economic prospects and this latest plenum has been delayed for over six months and has taken place amid a crisis in the property sector and worsening relations with the united states. industry expert, jason hsu, laid out what he thinks will be

a key economic priorities at this year's meeting. the first thing is addressing the first thing is addressing the property market. bei'ing will take the i the property market. bei'ing will take the stand �* the property market. bei'ing will take the stand with h the property market. beijing will take the stand with the l will take the stand with the government will ensure everyone who has bought, they are going to be made whole. meaning the projects are going to be transferred to developers who are solving, collaborating with local government and so you're going to be made whole, and able to take deliveries. initial people you're not going to lose something you have pre— paid for. and it is going to be sufficient liquidity for the compliant developers to continue to operate a business without the disorderly crisis triggered by lack of liquidity that cause widespread systemic bankruptcy. beyond that the narrative is not hoping that

the real estate can be a key economic driver going forward as it has been the last 20 years. it is still about we should not speculate in the real estate market and it is really more healthy for the capital to move something much more productive, into the strategic area. it takes us from containing a crisis towards something more productive, progrowth. but it will be strategic areas, highlighting semiconductor self—sufficiency, and pharmaceutical self—sufficiency. they realised they had to be self—sufficient in semiconductor due to covid—i9 so they realised they had to make progress. ageing and retirement and healthcare is starting to be under the consciousness for beijing so i would say these are the key

strategic industries that a lot of topics are going to centre around. 0bviously of topics are going to centre around. obviously this is in addition to nuclear energy. also this week, couple of interest—rate decisions. on wednesday, indonesian central bank will decide whether to hold a key lending rate as 6.25%. they announced a surprise rate hike earlier this year to try and boost the currency. and on thursday, we will hear from european central bank. inflation across the eurozone cooled in june but the ecb is widely expected to keep rates on hold at 4.25%. india and the wedding of the son of that richest man. the millions spent on the occasion have sharply divided opinion in the country. we are joined by the country. we are joined by the india business correspondent. get us up to speed, how are people been

reacting to this in india? the reaction has _ reacting to this in india? the reaction has been _ reacting to this in india? tue: reaction has been quite mixed. 0n reaction has been quite mixed. on one hand, people are saying that essentially this is something that is potentially good for the economy because of the sheer amount of money spent on things such as clothes, food, hotels, all of that will trickle down. on the other hand, there has been sharp criticism on some quarters about the kind of money spent, especially at a time and we are talking about glaring inequality here in india which has hit a 100 year high according to a recent report. but whichever side of the debate you are wrong, it is fair to say that this is something that is completely transfixed the nation. the opulence of the global ceremony and the millions of dollars that have been spent on global popstars. as you pointed out, the big vip list, including borisjohnson, tony blair, boris johnson, tony blair, prime borisjohnson, tony blair,

prime minister modi and the ceo of samsung. all of this really has made this a social media sensation and everyone has been following it over the weekend. the guest list is buried as well. tell us about these very vip and what it means for the family and their cloud? it vip and what it means for the family and their cloud?- family and their cloud? it 'ust shows you i family and their cloud? it 'ust shows you how i family and their cloud? itjust shows you how influential - family and their cloud? itjust l shows you how influential they. the kind of cloud they have been welding as they have become more of a global conglomerate and one of the analyst that i was speaking to analyst that i was speaking to a lot of these people are not coming herejust a lot of these people are not coming here just to a lot of these people are not coming herejust to have a lot of these people are not coming here just to have fun but essentially what their presence tells you is that the ambani is strategic to their operation and it is becoming an important market for them as well. it

important market for them as well. , ., , well. it is safe to say it is at the wedding _ well. it is safe to say it is at the wedding of - well. it is safe to say it is at the wedding of the - well. it is safe to say it is l at the wedding of the year. plenty more to come including the coverage of the republican convention. bye for now.

hello and welcome to sportsday. i'm tulsen tollet. here's what's coming up: spain are european champions for a record fourth time as they score late to beat england 2—1 in berlin. while despitejordan pickford's best efforts, england's agonizing wait for a major title goes on, 58 years and counting since the men last triumphed. and spain made it a double on the day as carlos alcaraz

made it consecutive wimbledon titles beating novak djokovic at the all england club. thanks very much forjoining us as spain are crowned european champions for a record fourth time. their 2—1 win over england in the euro 2024 final in berlin made it seven wins out of seven at this tournament and catapulted some of their players into superstardom. for england, it was a second successive loss in the final and our sports editor dan roan looks back on what might have been. this was uncharted territory for england. never before had its men's team contested a major final on foreign soil. now for those fortunate

enough to be in berlin, a chance to witness history. they've got to bring it home now. ijust can't believe we are here in berlin. it's written in the stars. we rode our luck— throughout the tournament. it's happening, i it's coming home. here in a venue of epic proportions, greatness beckoned. in what could be his final game in charge, the manager and his players arrived for a date with destiny. england! could they be the ones to secure a first major title since that iconic day, 58 years ago, in this, the game of their lives? standing between them and glory, the team of the tournament so far. in a first half that lacked any rhythm, phil foden�*s effort on the stretch was england's only shot on target. spain's young wingers have taken these euros by storm and straight after the restart, they combined to devastating effect. commentator: it's going to go over to williams now! lamine yamalfinding

nico williams, who finished with aplomb. a stunned england would have to come from behind