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tv   Business Today  BBC News  July 26, 2024 12:30am-12:46am BST

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the last four weeks have been a seismic period for us politics — presidentjoe biden dropping his re—election bid has thrown the presidential race into uncharted waters. donald trump and kamala harris are the new front runners, promising different economic visions for the countrybut i've been speaking to anthony scaramucci founding partner at skybridge capital, a crypto—hedge fund. he also served as communications director under mr trump, but is now throwing his support behind kamala harris. the inflation which is being blamed on president biden is actually a situation the macro situational thing. actually a situation the macro situationalthing. it's actually a situation the macro situational thing. it's related to the heavy induction of money supply into the economy during covid, plus the fiscal stimulus. so we are still experiencing the aftermath of that. so inflation numbers are coming down, the fed is likely to cut rates — i think vice president harris has a very good platform to run on, which
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is a continuation of thejoe biden policies. you're seeing the inflation coming down and the inflation coming down and the stock market at an all—time high —— stock market. as you and i know, wall street likes little change in tepid, moderate things. if you contrast that to what donald trump is suggesting, he wants sky high tariffs — but the other thing he wants, when the market which i can tell you americans don't want, is a deportation programme, calling for the deportation of 15 million people in the us which he is saying are illegally in the country. i want to point out to people that those 15 million people are the bulwark in terms of the labour force inside the economy, and are generating about i% of that gdp growth. so it would be very foolish for him to do that — and then to jack tariffs up on the american people, as you and i both know, those tariffs are actually paid for by the
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consumers here in america, not by other governments or the manufacturer. so these things, if she can do a good job contrasting her view to this more extreme view that donald trump has, i think it's a compelling argument for her. i want to go back to the point about inflation, lots of people saying a trump presidency could worsen inflation — what would kamala harris do to bring down those rising costs?— those rising costs? listen, i thinkthey'll_ those rising costs? listen, i think they'll already - those rising costs? listen, i think they'll already doing l those rising costs? listen, i| think they'll already doing it. they've had a reconnection of the supply chain, trillions of dollars going into infrastructure, bridges and tunnels. remember, all this stuff impacts beneficially the economy. if you're rebuilding the electrical grid, the roadways, the tunnels, your reducing cost for american commerce in the system and ultimately reducing cost of the american consumer. so all of thatis american consumer. so all of that is in place and happening. you're in asia, you know the supply chain has more or less
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reconnected post—covid, the united states is experiencing a little lacking effect related to that — but is that kicks in, and the first part of 2025, i do think you'll see inflation numbers dropping. so she has a compelling story to tell, and if you look at the average economist, if you go to the wall streetjournal, the survey of left and right leaning economists all say the consensus is that the trump plan is more inflationary than anything the democrats have proposed stop i am curious to know your take on this, donald trump has found new champions among tech leaders. this is always —— has not always been the case — what do you think is making tech companies cosy up to trump? one of the issues democrats have had on the side of regulation, they see the crypto currency regulation and financial services regulation to senator elizabeth warren and
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gary kinsler, and that's been a great source of frustration for a lot of vcs in silicon valley. many of these have tech and web three exposure, and coin exposure through bitcoin, etc, so they have choked down and made it difficult for good actors like going base and a crack and to operate inside the us. —— coin base and crack in. so this is a direct result of that. what i would caution people about is that donald trump is very transactional — he says that she says ease for one thing today, could well be for another thing tomorrow, it just depends on his personal interests as opposed to the american people. and i would say to those billionaires frankly that they are making the same cursory analysis and ultimately the misjudgment that i myself made, and many others,
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garden—variety republicans like myself, made in 2016. garden-variety republicans like myself, made in 2016.- myself, made in 2016. anthony scaramucci _ myself, made in 2016. anthony scaramucci there. _ openai is launching a test version of its long—awaited search engine, in a challenge to google's search business. the company behind chatgpt is relying on relationships with publishers to provide real time information from the internet. from new york, here's michelle fleury. the company behind chatgpt is testing a new search engine that uses generative artificial intelligence to produce results. now openai said the search gpt will launch with a small group of users and publishers before a potential wider roll—out. the search engine starts with a large text box that asks the user, "what are you looking for?" after entering your query, rather than giving you a plain list of links, search gpt tries to make sense of them. sam altman was full of fight taught, posting
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on social media, "we think there's room to make it much better than it is today." right now it is just a prototype, but it could mark the start of a threat to google's dominant search engine — and it comes at a difficult time for google, which is awaiting a federal judge's ruling this autumn on a landmarkjustice department landmark justice department antitrust lawsuit which landmarkjustice department antitrust lawsuit which is targeting its alleged monopoly over the online search market. openai, as i said, did not specify a specific timeline for when search gpt will get a wider roll—out. this week, the farnborough airshow is taking place south of london. with the war in ukraine and the conflict in the middle east, us contractor lockheed martin has an order backlog worth $160 billion, and sales grew nearly 10% over the past year. the bbc�*s theo leggett has been speaking to its president and started by asking him how the company is adapting to new technology like ai.
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we are continuing... because of its age, it's not effective. i will tell you that's the difference between what a lockheed martin can bring the table. it's as relevant today as it was 50 years ago. we've made significant amount of investment in the technology and capabilities that makes it still a very significant platform. but to the other part of your question, i would say thatis of your question, i would say that is the choice of folks make, in terms of, how much do i backfill over the existing capability? where is the investment that allows us to have even more capability in the same platform? find have even more capability in the same platform? and while were talking — the same platform? and while were talking about _ the same platform? and while were talking about the - the same platform? and while were talking about the f-16, l were talking about the f—16, that's the aircraft that's now going to be provided to ukraine — obviously it's a government to government issue, you're not centrally involved in that, but are you providing back—up for it? i are you providing back-up for it? 4' are you providing back-up for it? ~ , it? i think it carries the gimmick. _ it? i think it carries the gimmick, so _ it? i think it carries the gimmick, so we - it? i think it carries the gimmick, so we start l it? i think it carries the i gimmick, so we start with things likejust gimmick, so we start with things like just training both maintainers and assisting in
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pilot training, but an area that i think doesn't get enough that i think doesn't get enough that people don't really appreciate is it's more than just delivering an aircraft and having a pilot. it's all of the sistine, all the maintenance and documentation to support keeping an aircraft like that flying. so our involvement goes much further than what the eye can see — it's about, how do i sustain that capability? the olympics are officially starting in paris and the opening ceremony can garner as much attention as the sporting events. so how do you get it right? marco balich has produced more olympic ceremonies than anyone else, some 1a of them including rio and tokyo. the bbc�*s ben thompson caught up with him. the olympics is something that's, you know, is the only true global event, because it's bigger than fifa. fifa is for
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men essentially, the fifa world cup — and plus, some regions in the world don't follow football as we do in europe. but the olympics, everyone that day, from the emperor ofjapan to a small village in angola, they will watch the opening ceremony because they are represented by their team, because they are represented by theirteam, by because they are represented by their team, by their heroes. and so, i think this kind of is bigger than the united nations in a way, because it's not fragmented by some ruling states — the nations are all treated equal, there's no religion, no player sponsorship, so it's a clean venue. so this really has all the ingredients to make it something that's above everyone else, and i think it's a marvellous celebration of humanity. southwest airlines is shifting to assigned seats for the first time in its history.
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open seating has been a hallmark of the brand for decades. but the carrier has been under pressure to improve results and shore up its share price. executives say the changes will "unlock new sources of revenue". and that's it for this edition of business today. thanks for watching.
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hey, i'm lola with the catch—up. tonight — adhd delays revealed, mercury prize shortlist, and a runaway tortoise. a bbc investigation has found massive adhd delays at nhs clinics. across the uk, at least 196,000 adults are on waiting lists,
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and the national backlog is over eight years. adhd is a condition that affects people's behaviour and can make it harder to concentrate and manage time. keziah told us she went on the waiting list in february this year. i have got no idea when i'm going to get an assessment. it could be six months, could be six years. there are definitely days where it is almost impossible for me to focus. it's physically painful. and if you're affected by anything to do with this story, you can be directed to find help by searching for bbc action line. the shortlist for the mercury prize has been announced. 12 albums are selected every 3—6—5 days from the uk and irish music scene. eight of the artists on the list this year are women orfemale—fronted bands. that's a record high, and they include cat burns. the summer of brat will also
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continue with charli xcx's new album named, as well. the winner will be revealed in september. time now for ten seconds of great escapes. this tortoise named solomon was rescued by engineers after being spotted on train tracks. his escape caused four trains to be delayed, but at least he got home safely! you're all caught up now, have a great night. hello, and welcome to sportsday — i'm hugh ferris. our top stories... there are many sporting mysteries to be solved during paris 2024 — but perhaps the biggest question, how will the opening ceremony go? the unique river seine show is just hours away.
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but the olympic action has already begun, with spain hoping for a gold medal to add to their women's world cup. while andy murray has played the final singles match of his career, concentrating on the doubles only as he prepares to retire from tennis after paris. hello again. for all the new sporting stories paris is ready to tell over the next two—and—a—bit weeks, its olympics start — officially, at least — with something truly unique. the opening ceremony will take place for the first time not inside a stadium, but along the river seine. it's just hours away, and is demanding the largest security operation in france's history — as our sports editor dan roan reports from paris.

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