the ie us president joe biden has the us president joe biden has laid us presidentjoe biden has laid out plans for his last six months in office, seeing he will continue to lower costs for hard—working families and grew the us economy. he made his first address of the nation since dropping out of the presidential race and endorsing vice president kamala harris. morale, donald trump targeted kamala harris in his first campaign rally since she became the presumptive democratic nominee, speaking in north carolina he claimed that her tie—breaking vote in the senate passed legislation and they created the worst inflation in half a century. estimating the middle class. there are a lot of questions around what her approach to the economy is likely to be anna ryan a suite is an economist at oxford economics explains it is likely to be more of the same. fiur to be more of the same. our exnectations _ to be more of the same. our expectations would - to be more of the same. oi" expectations would be that the vice president carries on a

similar agenda to president biden around more favourable immigration policies, less aggressive use of terrorists relative to former president trump and on top of that when it comes to physical spending it comes to physical spending it will be more concentrated in a safety net is in efforts to strengthen the middle class. fin strengthen the middle class. on that, she has talked about helping the middle class and investing in the economy. are you hearing about any other specific policies that are likely to help with that? she will piggyback _ likely to help with that? she will piggyback off _ likely to help with that? sue: will piggyback off a lot of the build back better agenda that biden laid out during the last election, and what he envisioned moving forward. there is not a lot of time between now and the election so i would be surprised if you try to do a 180 on economic policies under her administration. what they will most likely target is efforts to improve child care and

access to k—12 education. all of that to help increase the labour force participation rate among working mothers. that was an effort under the biden administration and i think the vice president would carry that on in her administration. it has been a big week for us economic news with inflation news due on friday. how do you expect her to tackle rising prices? 3 expect her to tackle rising rices? �* ., ., ., expect her to tackle rising rices? ., ., ., , expect her to tackle rising rices? ., ., ., ., prices? a lot of that is out of her control. _ prices? a lot of that is out of her control. the _ prices? a lot of that is out of her control. the burden - prices? a lot of that is out of her control. the burden falls| her control. the burden falls on the federal reserve and you have to tip you had to them, they have brought down the rate of inflation over the last 12, 18 months. pointing back to where the fed would want to be but inflation is within spitting distance and over the next couple of months we should see a better and better news on the inflation front. when it comes to the election, people often vote with their wallet, and the us consumer is lisa ferguson the price level of inflation so they can tell you down to the penny what the prices are for gasoline, rent

now versus four years ago. they wakes against the democrats because the prices have been changing noticeably is as a pandemic but when it comes to curbing inflation the burden will fall on the central bank and they are not declaring victory here but they're getting closer and closer to starting the all clear on the front. i starting the all clear on the front. ., ~' starting the all clear on the front. ., ~ , ., front. i would like your thoughts _ front. i would like your thoughts on _ front. i would like your thoughts on the - front. i would like your thoughts on the otherl front. i would like your- thoughts on the other camp, is donald trump likely to change his focus regarding the economic policy now that kamala harris is likely to be his competition?— harris is likely to be his competition? harris is likely to be his cometition? ~ ., ., , competition? we do not see chances competition? we do not see changes from _ competition? we do not see changes from his _ competition? we do not see i changes from his perspective. he has made it clear in his campaign rallies and his public comments and also from his advisers that they will pursue further protections of policies. in the six election scenarios we update monthly, the trump scenario generally focus around additional use of tariffs, and aggressive use particularly on china but also on the european union as well. another one is more restrictive

immigration policies, so that would affect the amount of labour supply in the us, keep the market tight for an extended period of time and always combined are more inflationary on top of extending the trump tax cuts and cutting back on some of the inflation reduction act policies. in inflation reduction act policies-_ inflation reduction act olicies. ., , �* ., policies. in more news, boeing has completed _ policies. in more news, boeing has completed an _ policies. in more news, boeing has completed an agreement l policies. in more news, boeing i has completed an agreement with the us government to plead guilty to criminal conspiracy also the deal relates to two fatal crashes. earlier this month, they agreed in principle to plead guilty to conspiring to plead guilty to conspiring to defraud us regulators and that was after the government said the playmaker knowingly made false representations about his software for the 737. stocks sagged around the world as earnings from big tech companies like haslar as well as european luxury brands is appointed in oil prices edged higher with investors seeing the lower seals in higher costs is a clear sign that global demand will remain weak for the

foreseeable future. traders are also looking to us invasion data due on friday and a fed meeting next week. the data due on friday and a fed meeting next week.- data due on friday and a fed meeting next week. the big tech sell-off dragging _ meeting next week. the big tech sell-off dragging down _ meeting next week. the big tech sell-off dragging down a - meeting next week. the big tech sell-off dragging down a major l sell—off dragging down a major us markets, what is behind it? there are a couple of things. traders are starting to question if they have become too reliant on the magnificent seven, not the film from the 19605 what a group of seven high performing stocks that includes alphabets, amazon, apple, microsoft, nvidia and haslar. all of them finished lower on wednesday. he was another number for you lower on wednesday. he was another numberfor you — $13 billion will is how much google spent on as artificial intelligence efforts in the last three months, the number spruiked investors are beginning to focus on the huge sums that have been spent on al and are starting to question if and are starting to question if and when these events will pay off. elon musk announcement that he was officially pushing back the unveiling of rebate axes from august to october did not help either. price is also

an issue as a one market watcher told me, textures have become too expensive, so investors are moving their money into traditional industries in anticipation of a rates cuts from the federal reserve. a recent report showed progress on inflation and that has increased the odds that america's central bank will cut rates in september. however, not everyone was full of doom and gloom, one analyst i spoke to called this telephone wednesday a knee—jerk reaction and we will find out if that is the case next week when more big tech companies including meta, amazon and apple report earnings. meta, amazon and apple report earninus. ., , , earnings. south korea's x-rays of highest _ earnings. south korea's x-rays of highest quarterly _ earnings. south korea's x-rays of highest quarterly profits - earnings. south korea's x-rays of highest quarterly profits in l of highest quarterly profits in 2018 with the nvidia is a player seeing jim demand 2018 with the nvidia is a player seeingjim demand in 2018 with the nvidia is a player seeing jim demand in the second half of the year will rise even further. the second largest maker has benefited the most among its peers from appetite for high—end chips. honda motor is reportedly planning to cut down production capacity of combustion cars by

a third and they will close three events production lines in china. chinese carmakers have ramped up production flooding the world largest auto market and other markets in south—east asia with low—priced vehicles. ford is also struggling with that china competition, the carmaker reported a dip in profits in the march— june quarter, they are battling costly quality issues and ev business that is waiting on its bottom line. shares tumbled 11% in after—hours trading. more on the us elections again former prisoner donald trump is running as is the free crypto candidate in wholly digital donations but he was not always the he is today. that is how donald trump used to talk about the world leading cryptocurrency. he called bitcoin a scam. now trump is

running as the peru crypto candidate for president. calling for domestic coin production, choosing a running mate with six figures in bitcoin holdings. and to be rewarded with millions of dollars in cash and crypto donations from silicon valley giants. they are betting on the ticket in hopes that pro crypto talk turns into pro crypto policy. if they make their way to the white house. this policy. if they make their way to the white house.— policy. if they make their way to the white house. this is an industry that _ to the white house. this is an industry that has _ to the white house. this is an industry that has been - to the white house. this is an industry that has been under. industry that has been under attack in washington. disproportionately so, so it is valid for the industry to stick up valid for the industry to stick up for itself and defend its interests.— interests. not all are convinced _ interests. not all are convinced that - interests. not all are convinced that he - interests. not all are - convinced that he about-face interests. not all are _ convinced that he about-face on convinced that he about—face on crypto value is authentic. we're not 100% sure if he is seen this in order to win votes or if he truly intends to endorse crypto and embrace it as president if elected.- as president if elected. there is nothing _ as president if elected. there is nothing new— as president if elected. there is nothing new about - as president if elected. there is nothing new about politicali is nothing new about political donations from outside groups. big money is a big force in

presidential elections but do outsider status in the finance industry and its targeting by regulators under the biden administration make the appeal towards trump a strong and deep pocketed. towards trump a strong and deep ocketed. ~ . , ., , pocketed. what we see now is basically a _ pocketed. what we see now is basically a continuum - pocketed. what we see now is basically a continuum of - pocketed. what we see now is basically a continuum of the l basically a continuum of the crypto industry doing whatever it has to do to buy political friends so that they will prioritise crypto interests and the interest of the american people. the interest of the american eo - le. , , , ., the interest of the american --eole. , , , , . people. dennis runs a public interest on _ people. dennis runs a public interest on in _ people. dennis runs a public interest on in washington i people. dennis runs a public. interest on in washington and says that the crypto enthusiasts benefit as much as trump, if not more.— trump, if not more. crypto should be _ trump, if not more. crypto should be heavily - trump, if not more. crypto| should be heavily regulated trump, if not more. crypto - should be heavily regulated and prosecuted and instead while we haveis prosecuted and instead while we have is the industry firing a money canon to buy politicians to prevent that from happening and to get a very favourable regulator with very wheat regulations.— regulations. his keynote address _ regulations. his keynote address at _ regulations. his keynote address at this - regulations. his keynote address at this year's i regulations. his keynote i address at this year's bitcoin conference could solidify his status as the crypto candidate.

before we go, something to work up your appetite. chipotle mexican grill beat expectations on sales and profit, with demand for its rice bowls and burritos holding up, even as prices increased. but executives expects margins to be under pressure for the rest of the year. you can find more on our business stories on the bbc news website. and that's it for this edition of business today. thanks for watching.

hey, welcome to the catch up. tonight talking about concerns, kamala harris a first speech in a well causes chaos. first, a

labour mp is urging parents to talk to their children about sexual consent. revealing earlier this week that she became pregnant at 15 after being groomed and raped by an older man. she has spoken to the bbc about how she discusses consent with her sons. if the bbc about how she discusses consent with her sons.— consent with her sons. if they brina consent with her sons. if they bring somebody _ consent with her sons. if they bring somebody home, i consent with her sons. if they bring somebody home, do i consent with her sons. if they| bring somebody home, do not have 6 with her that night, wait until the next morning when we have sobered up and check it is ok and have a great time them and they are like i cannot believe you these conversations with us and i have the same with their friends. if have the same with their friends. , ., ., , friends. if you have been affected _ friends. if you have been affected by _ friends. if you have been affected by these - friends. if you have beeni affected by these issues, friends. if you have been i affected by these issues, you can find support on the bbc website. kamala harris has given the first major speech of her presidential campaign by describing the upcoming us election as a choice between freedom and chaos. donald trump responded to her on social media saying that she destroys everything she touches. the vice president has also been

harnessing social media in her own way, it started off with those edits popping up. you think you've _ those edits popping up. you think you've a _ those edits popping up. ym. think you've a coconut tree? then a singer tweeted kamala harris is a brat, her convener has also rebranded to a brat lime green colour. time now for ten seconds overshot, a whale has capsized the road and sent two people flying into the water. the us coast guard says no—one was injured. i would have been literally terrified. look at that! were all caught up look at that! were all caught up now, have a great night. hello and welcome to sportsday. i'm gavin ramjaun. controversy in the men's football. morocco get the better

of argentina following chaos at the end of the match as the olympics get under way in paris. the host nation france wobble at the first hurdle, but put things right come the end of the day in the rugby 75. and no tennis for sinner, who drops out of the games. the world number one suffering from tonsilitis. welcome to the programme. we'll start with the olympics, with the action now under way ahead of the opening ceremony on friday in paris. and men's football made headlines on wednesday with controversy in the game between argentina and morocco. javier macheserano's side were trailing 2—1, but appeared to score an equaliser in the 16th minute of stoppage time which led some fans to invade the pitch,

forcing the argentina players to make their way