and a $24 billionjob creation plan. india unveils its first budget since narendra modi was returned to power amid growing concern over youth unemployment. welcome to business today. in the us, financial markets are weighing up the news that vice president kamala harris has secured the support needed to become the democratic party's nominee for president. speaking to supporters at her campaign headquarters in delaware, ms harris insisted she could win the election against donald trump, but said there was a lot of work to do. the prospect of a tighter race after president biden�*s withdrawal has meant investors rethinking their bets on a trump presidency. joining me now is erin delmore, our north america business correspondent in new york. does a new candidate change anything

as far as they are concerned? it is as far as they are concerned? it is as far as they are concerned? it is a seismic political— as far as they are concerned? it 3 a seismic political shift but for the markets, its a seismic political shift but for the markets, it'sjust a little bit of a change. we have seen in the weeks leading up to that moment a bit of the trump trade, investors piling into stocks they thought could benefit if donald trump regain the white house. it is a man who has already served in the white house and so he has a record. there are certainly things that investors can point to and they were looking at companies which perhaps have a smaller domestic footprint, that stems out of donald trump's america first policy which would also prioritise notjust us stocks and companies but would also potentially hurt larger companies with a global footprint. president trump has also said he would want to drill, drill, drill, which means you see energy stocks take a bump. even something like private prisons because we know donald trump's stance, a hard line on immigration at the southern border, we saw investors pouring

into this during the massive uncertainty leading up to president biden�*s announcement on sunday but it has not rocked markets too much, partly because when president biden made the announcement, he followed it up with an —— by backing kamala harris but we do not know they would govern precisely the same if kamala harris made her way to the white house. ~ . . ., ,, ., ~ ., house. what will wall street make of the next president? _ house. what will wall street make of the next president? what _ house. what will wall street make of the next president? what do - house. what will wall street make of the next president? what do they - the next president? what do they want to see from whoever gets the job at the white house? the want to see from whoever gets the job at the white house?— job at the white house? the first ste four job at the white house? the first step four of _ job at the white house? the first step four of miss _ job at the white house? the first step four of miss harris - job at the white house? the first step four of miss harris would . job at the white house? the first step four of miss harris would be i job at the white house? the first i step four of miss harris would be to make her way formally to the nomination —— the first step for ms harris. the next thing would be appalling, how she matches up in a potential head—to—head, then a real head—to—head against donald trump,

and if it is a tighter race which early polling suggests, then investors would look at her proposals and priorities for the economy which would let them gain a picture of what a harris administration could look like. as much as she is the vice president to joe biden, there are differences between the two. one really interesting question for investors is what kind of relationship a president harris would form with tech leaders and how that would benefit big tech, she hails from california, served a senator from that state, with a lot of these big tech companies are located. to that effect big tech's relationship with washington? that's what investors are looking for at the moment. as the race moves forward into the last 100 days or so, that's what we will be looking forward to see.- be looking forward to see. thank ou, be looking forward to see. thank you. erin. _ be looking forward to see. thank you. erin. i _ be looking forward to see. thank you, erin, i know— be looking forward to see. thank you, erin, i know you _ be looking forward to see. thank you, erin, i know you will- be looking forward to see. thank you, erin, i know you will look i you, erin, i know you will look closely is that —— at that towards the election.

a nice problem to have — planemaker airbus says its got far more buyers than it can cater for. soaring demand means they're struggling to keep up with supply. it comes as rival boeing is battling a safety and quality control crisis. the world's top airlines and plane manufacturers are gathered at farnborough in the south of england for the annual air show. the boss of airbus has been speaking to our correspondent there, theo leggett. we are in a situation that is complex for everyone. the international situation is a rather complex one. a lot of issues are coming from the supply chain, that's probably something that has come to the two companies, plenty of businesses as well. airbus are trying to focus on our priorities, our customers, delivering the output in a complex environment, finding the sweet spot between strong demand and the ability of the supply chain to follow in a safe manner with quality at the centre. the truth is, at the moment, you've got more than 8,000 planes on your order books,

you are making them as fast as you can, but you cannot make them fast enough. indeed, we have more demand than canthe ability to supply so it is a demand—driven market at the moment and we are working hard with our partners in the supply chain to try to catch it as much as we can in this environment so that's the situation, more demand than supply. a lot of the problems you are facing are coming from suppliers, they cannot give you what you need. how frustrating is that? we have to adapt, we are helping suppliers as much as we can. the vast majority of suppliers are at the right pace but when some of them are delayed, we have to catch up with those ones and we are addressing bottlenecks and sending people, trying to provide help, anticipate the situation, we have increased the buffer stocks to be able to react to crises in the supply chain better than we would do in normal so we have to face the reality of the two days market.

you are a european company but you have extensive operations in the uk, there is a new government in the uk, what are you asking them for? what do you want to see from them? we are a european company and we see the uk as part of europe, geographical europe. that country is very important for us, we've been there since the beginning of history of airbus and did something very important to us. we are engaging with the new government, it's good to see there will be stability over many years to come in the uk, and there are plenty of things to be addressed like decarbonisation, but also some challenges in the field of security, defence, space and many others, and it's good to have a government to speak to. there's a sense there is more rapprochement between the uk government and europe. is that something you welcome? yes, we want to remain as a bridge between europe

and the uk and it is good that there is a relationship when it comes to defence and security, which is something we need to do better in europe. do you think a deal needs to be done? we'll see, that's a very political thing in nature. but we would support it anyway. to india now, where in the last few hours the government of narendra modi has been unveiling its budget for 2024—25, the first since it began a third term in office. the country's finance minister has announced they'll invest 2 trillion rupees — that's $24 billion — in job creation and skills over the next five years. a lack ofjobs for india's a0 million young people — as well as soaring inflation — was one of the issues that saw the ruling bjp party lose its overall majority in recent elections, forcing it into coalition. earlier, i spoke to our india business correspondent, archana shukla, who's been mulling through all the details.

it has certainly set the priorities for the narendra modi government in its third term, the focus is on job creation and keeping political allies in good humour because that is required to stay in power in parliament. we saw the 2a billion rupee outlay for job parliament. we saw the 2a billion rupee outlay forjob creation, india will need to create 80 million jobs every year if it has to continue the economic growth agenda and this is possibly the first step from the government and a clear indication that they have looked into this issue and are working on it, sojob creation being a large section of the budget announcement today and the budget announcement today and the second being a large outlay of new roads, railways, colleges and infrastructure projects being announced, and financial packages for two of the bigger political ally states for the government. there

were also taxed weeks being done to help the middle class get more money in their hands. inflation is quite high and price rises have been affecting household budgets, especially food inflation which has been hurting, and this is the government's way of helping the poor and middle class, but the tax tweaks for investors was bad news, the profits on the stock markets and the asset trading has been taxed at a much higher level now, both for the short—term and long—term, and we saw the stock markets being impacted. there has also been a push on promoting more manufacturing, especially the small and medium scale to get them more loans because thatis scale to get them more loans because that is also a sector that could help generate large scale job creation so the government has definitely set pace, some of the priorities, but it's only the fine print in the coming days that'll show us whether it is or not. ——

whether it is enough or not. there is a multibillion dollar tussle over basketball rights in the us. warner bros discovery, whose tnt sports network has traditionally been the home of the nba, is facing a challenge from amazon prime which wants the rights and has offered a staggering $1.9 billion a year. but because of its four decade long relationship with the nba, warner had the opportunity to match it and it has now done so. jawad hussain is media and entertainment director at s&p global ratings. we asked him whether —as the price spirals higher — sports fans care who owns these rights. you know, nobody likes change, right, and as a basketball fan myself, you like to see continuity. but i think, at the end of the day, that the sports product is what people love, and if you look at kind of amazon and thursday night football, over time, that has continued to grow its audience. so i think the only difference with this particular case is how beloved the inside the nba post and pregame show is

with charles barkley and shaquille o'neal and company. so that is one kind of different factor, because those guys have become their own brand and that's specific to tnt. but beyond that, look, the sports are what drive it, and i think consumers have shown they are willing to adapt. tesla boss elon musk says the electric car maker will start producing and using humanoid robots from next year. in a social media post, mr musk said the robots will first be used by tesla, which will start making them to sell in 2026. they'll also be drafted in as workers helping in production lines. the technology billionaire had previously said he expected the robot, called optimus, to be ready for use in tesla factories by december. shares in cybersecurity firm crowdstrike have plunged more than 13% as the company reckons

with the aftermath of causing a global it outage. many businesses are still recovering after a faulty content update last week crashed 8.5 million microsoft windows computers around the world. the issue has required manual reboots in some cases. warnings that could continue into this week as millions of computers get back online. let's take a look at the markets. oil prices down 2%, $80 per barrel. see you soon.

at least 229 people are now believed to have died from two landslides in southern ethiopia. the landslides occurred on sunday evening and monday morning, after heavy rains in a remote mountainous area of the gofa zone. a local official said that heavy rain was hampering search and rescue operations and that the search

for survivors was "continuing vigorously". let's speak to our correspondent in addis ababa in ethiopia, kalkidan yibeltal. in terms of the death toll, it is rising fast so what are the authorities saying? it rising fast so what are the authorities saying?- rising fast so what are the authorities saying? it is indeed risinu authorities saying? it is indeed risin: fast authorities saying? it is indeed rising fast and _ authorities saying? it is indeed rising fast and initially - authorities saying? it is indeed rising fast and initially the - authorities saying? it is indeed rising fast and initially the first| rising fast and initially the first figures that came out in the morning was around 55, later growing to 146 and now the latest figures that we haveis and now the latest figures that we have is 229 people that are confirmed to have died, and all these other bodies that have been retrieved from the mud by the local authority and rescue commission. the search and rescue efforts are currently under way and are being hampered by the topography of the area as well as heavy rain that is happening, and these are two separate landslides, the first one happened on monday and it was a

relatively smaller one and