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tv   Sportsday  BBC News  July 22, 2024 1:45am-2:01am BST

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perhaps, and that is his own, perhaps, and that is something that i will always respect. something that i will always resect. ~ , something that i will always resect. ~ a, l, i, respect. we have heard from olitical respect. we have heard from political players _ respect. we have heard from political players as _ respect. we have heard from political players as well - respect. we have heard from political players as well as i political players as well as analysts, but many people have also gathered outside the white house on this historical moment. let's listen to what they have to say.— they have to say. i'm an executive _ they have to say. i'm an executive director - they have to say. i'm an executive director of. they have to say. i'm an executive director of an | executive director of an organisation. i know women can lead. absolutely. i will support her. if she is the nominee. i wonder if she would be chosen and if she isn't, does she still get access to the money, as she is the vice presidential nominee? i don't know, i think the party needs to think about who can successfully when and is this country, to put it bluntly, is this country ready to elect a black woman to be president over a convicted felon? having
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some youth — over a convicted felon? having some youth would _ over a convicted felon? having some youth would go - over a convicted felon? having some youth would go a - over a convicted felon? having some youth would go a long i over a convicted felon? having i some youth would go a long way. x president trump is 78 in our current— x president trump is 78 in our current president is 81. so yes, — current president is 81. so yes, i_ current president is 81. so yes, i think that age limit terms _ yes, i think that age limit terms should be on the other side — terms should be on the other side as— terms should be on the other side as well because i think that— side as well because i think that obviously it is a little bit more _ that obviously it is a little bit more complicated and, you know. — bit more complicated and, you know. all— bit more complicated and, you know, all of us, as we get older. _ know, all of us, as we get older. you _ know, all of us, as we get older, you know, obviously, that— older, you know, obviously, that natural things start occurring. so a little bit of youth _ occurring. so a little bit of youth would be really welcome. news _ youth would be really welcome. news from the us that has been watched closely globally. for a business point of view, it has a significance. markets in asia are beginning to open and will be opening shortly and investors will be facing a new calculus after the news that joe biden is is exiting the race. wherejoint from joe biden is is exiting the race. where joint from the newsroom. you are keeping a close eye on our market logo. thank you for coming up for us. is there likely to be reaction,
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and, if so, what could see? we have stock markets open in asia and australia and career and japan. it is a bit subdued at the moment. heading downward. —— careerand japan. moment. heading downward. —— career and japan. this is large because the markets have factored in news coming out of the us. —— korea. we had had they could be a decision of the weekend and investors have been factoring that into their trade. but what people are really looking at is what has been known as the trump trade. that is basically the prospect of another drum presidency in the business environment that would grade. this regulation, lower likelihood for incentives for businesses, and that is pushing markets in some parts of the world. the other thing thatis of the world. the other thing that is really affecting markets, of course, is the control of inflation and the interest rates and what
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president biden pulling out of the race means for that. he has seemed to have got inflation under control during his administration, being in power, but a kamala harris presidency, how they could affect inflation and interest rates, and how a trump presidency could affect those factors as well. and trump presidency could affect those factors as well.- those factors as well. and the uncertainty. _ those factors as well. and the uncertainty, in _ those factors as well. and the uncertainty, in all— those factors as well. and the uncertainty, in all aspects - those factors as well. and the uncertainty, in all aspects of i uncertainty, in all aspects of it, with developments over the last few weeks, how is that being looked at by viewers here in asia? , ., being looked at by viewers here in asia? , . ., . , in asia? they are watching very closel . in asia? they are watching very closely- the — in asia? they are watching very closely. the us _ in asia? they are watching very closely. the us economy. - in asia? they are watching very closely. the us economy. it. in asia? they are watching very closely. the us economy. it is| closely. the us economy. it is the biggest economy in the world. it really affects the smaller economies here in asia. as i mentioned, the interest rates really affect economies here in the region as well. and asia is home to the world's second—largest economy, china. in the last drum presidency we
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saw quite a big trade war between the us and china and that really affected a lot of economies in the region. china facing a lot of economic challenges as well. the property graces, the slowdown there as well, and the fall in domestic demand, and the fall of demand in the us obviously affects exports from the regions into the united states. the markets will be watching these things closely. lastly we saw a lot of moves as a result of what donald trump said about china, about how he would be quite strict and would impose more tariffs if he were to win the presidency. also the election, denomination, rather, ofjd vance on the trump ticket. he also has a hard stance when it comes to china as well. these are all factors that the markets are watching. there is a lot of news in the us, economic news in the us, with big earnings, big tech
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earnings, especially, likely to impact the markets as well. i want to stay on the china aspect, because people here in asia will be watching out for that given the relations between china and the us and some of the tough talk that we have heard from donald trump. how challenging will it be for china to respond given the economic scenarios? it is china to respond given the economic scenarios? it is a big problem- _ economic scenarios? it is a big problem- if — economic scenarios? it is a big problem. if china _ economic scenarios? it is a big problem. if china is _ economic scenarios? it is a big problem. if china is having - economic scenarios? it is a big problem. if china is having to i problem. if china is having to charge customers higher prices for things like electric vehicles because of tariffs in the us and eu and these are all things happening right now as we speak, it means that chinese companies can earn less money. they can make less profit from those experts — exports that are very much needed at a time of slowdown. and as long as the inflation rates stay high in the us and domestic demand stays low, it
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means there are no customers for the type of products that china makes, it is known as the factory of the world, and customers go down, demand goes down, and they can really fuel growth in order to get out of this economic slowdown. so it has a huge impact. and it isn't just the tariffs, it is also the uncertainty. and that really riled markets last week when we knew that president biden was not doing well, was not popular, and he had the disastrous debate, and investors here in asia, they were seeking certainty, they were seeking certainty, they were seeking certainty, they were seeking safe haven assets, and they want to know what the business environment might be like after the election later this year. like after the election later this year-— this year. thank you for getting _ this year. thank you for getting us _ this year. thank you for getting us that - this year. thank you for getting us that update, | getting us that update, suranjana tewari. let's also go across to another guest of ours this hour, and all the developers we have seen. we crossed to sydney and during
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jarrod bowen shine from the university of sydney's united states study centre. what are your thoughts on what has happened over the last few hours goes?— happened over the last few hours noes? ., , hours goes? over the last few months, hours goes? over the last few months. we — hours goes? over the last few months, we have _ hours goes? over the last few months, we have seen - hours goes? over the last few months, we have seen one i months, we have seen one instance of something unprecedented happened after another. it is unprecedented how much we are using the term unprecedented, be it a poor debate performance, and almost accidentally terrible debate performance, oran performance, or an assassination attempt, performance, oran assassination attempt, or a republican convention that we have never seen before, and now we see, for the first time in modern history, a president deciding not to go ahead with their campaign, after having won all the delegates. it is something that we haven't seen and we don't have a clear playbook about what happens next. we have some indication of what to expect, but it this point it is still a bit of a
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guessing game about what happens next.— happens next. from an international— happens next. from an i international perspective, given the geopolitical scenario, a war in israel and gaza, the ukraine russia war, what does this mean, and how will world leaders be looking at what has been described as uncertainty in terms of the us presidential election? a, uncertainty in terms of the us presidential election?- presidential election? a great question- _ presidential election? a great question- at _ presidential election? a great question. at the _ presidential election? a great question. at the us _ presidential election? a great question. at the us study i question. at the us study centre, we have found that as much as things change with different administrations, with different administrations, with different policies and politicians, in us foreign policy in particular, what you actually have is a lot more commonality than what many people think. just recently we published something called red bull, bluebook, looking at the difference between biden—albanese up winning the election. as much as we saw a lot of divergence in that domestic policy, there is structural continuity in their
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foreign policy, whether it be standing up to china, scepticism of unfair trade practices, ora scepticism of unfair trade practices, or a strong presence in asia in particular, or on wanting allies to do more. as much as donald trump and joe biden and now kamala harris a very different people, i think what we see, if you look closely at the substance of their foreign closely at the substance of theirforeign policy, maybe not erratic but the substance, there is more commonality than we might expect. even ifjoe biden or harris were to win, it would still be difficult to get american voters interested in more packages for ukraine. we know where the trump and vance stand on ukraine, but we know it is something long held by democratic and republican administrations that european allies were not pulling their weight in their security obligations. we have a land war for the first time since world war ii in europe and yet germany is still not paying 2% of its gdp for its military.
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all right, jared mondschein, thatis all right, jared mondschein, that is all the time we have. thank you for your analysis on the developments that we have seen. as we have been saying, fast paced developments and reactions coming in. we are getting news about the endorsements that are also coming in for kamala harris and for all that and more, you can head to the bbc news website, where we have a live page currently on which will give you all the very latest and all the comments and statements that have been coming in, and give you a summary of everything that has happened in the last few hours. so do visit to get the latest on all that is happening in us politics. that is all for the moment. the news continues. stay with bbc news. hello. it looks like the second half ofjuly will continue to be much more in tune with summer weather than the first half ofjuly. it's going to feel quite warmer out there when you get the sunshine —
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temperatures at or above average — but this week, a more typical week and there'll be a bit of a mix around. some rain at times, particularly on monday and thursday, they're the greatest likelihood, but some longer drier spells, too. now one of the wetter spells said monday. it's these weather fronts pushing across the country, which gives a rather grey and misty, murky start to the day. patchy light rain or drizzle for many, but some heavier bursts across scotland and the far north of england first thing. many will brighten up, a scattering of showers will quickly rush across early afternoon southern areas before some longer, drier spells later. further north will also see sunshine develop. lots of cloud eastern scotland, best of sunshine in the west, but some slow moving showers, not much of a breeze here, and where those showers do form in scotland, northern ireland, northern england, there's an outside chance of the odd rumble of thunder. but look at the temperatures in the afternoon with some sunshine — 16—24 celsius. they're bang on target for this stage in the year. some of the heavier showers will last in eastern scotland into the first part of the night, but through monday night into tuesday, cloud and patchy rain will push
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from ireland into wales, central and southern england. and like monday morning, it will be a mild enough start today for many — coolest with clearer skies in northern scotland. but for tuesday, a ridge of high pressure starts to build in. before it does, though, we've just got this little kink in the isobars, little trough linked to the weather front, which will bring cloud and occasional showery bursts of rain, especially during the morning across parts of southern wales, central, southern england. odd isolated shower elsewhere on tuesday, but for most it will be largely dry. best of the sunshine around northern and western coasts. we will see a bit of a breeze, so temperatures down a little bit on monday's values. a cooler night then to take us into wednesday, but with that ridge of high pressure, a bit more widespread, lighter winds, it will be a much more pleasant day. a few isolated showers can't be ruled out. a lot of dry and bright weather with some sunshine to begin with and then clouds spilling in from the west. longer spells of sunshine for the afternoon in eastern areas — just one or two inland showers. it will feel warmer again, temperatures more widely into the 20s. as we go through wednesday night into thursday,
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though, this will probably the wettest spell of the week, with these weather fronts pushing across. not completely wet, but there will be some patchy rain or drizzle around again more widely on thursday, brighter on friday, and turning warmer and drier through the weekend.
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live from washington. this is bbc news. we're tracking new developments
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here in washington — as several top democrats are rallying behind kamala harris after president joe biden announced he's ending his re—election bid and endorsing her as the new democratic nominee for the 2024 us presidential election. in a post on x vice presient harris said... a source has told the bbc that — following the endorsement — vice president harris has been making calls to key democratic officials, lawmakers and governors to secure support. this follows president biden's announcement on x, where he said...

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