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 country. 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 situational thing. it is related to the heavy induction of money supply into the economy during covid plus the fiscal stimulus. we still experience the aftermath of that. inflation numbers are coming down and the fed is likely to cut rates and i think vice president harris has a very good platform to run on which is a continuation

of thejoe biden policies. you are seeing inflation coming down and the stock market is at an all—time high. as you and i know wall street likes little change and they like tepid moderate things. if you contrast that to what donald trump is suggesting, he wants sky high tariffs but the other thing he wants which i can tell you many americans do not want is a deportation programme. he calls for a deportation of 15 million people in the united states and he is saying they are illegal in the country. i want to point out to people that those 15 million people are the bulwark of the labour force inside the economy and they generate up to i% of gdp. it would be foolish for him to do that and then to jack tariffs

up on the american people. as you and i know those tariffs are paid for or by the consumers here in america. they are not paid 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 president trump has i think it is a compelling argument for her. just a return to the point about inflation. many people say a trump presidency could worsen inflation. what would kamala harris do to bring down rising costs? they have had a reconnection of the supply chain and have trillions of dollars going into infrastructure, bridges and tunnels. all this stuff impacts beneficially the economy. if you rebuild the electrical grid, the roadways, the tunnels, you are reducing cost for american commerce in the system and ultimately you are reducing cost to the american consumer. all that is in place and all that is happening. we both know, you are in asia, we know the supply chain has more or less reconnected post covid. the united states experiences

a lagging effect related to that but as it kicks in in the first part of 2025 i think you will see numbers, inflation numbers drop. again, she has a compelling story to tell and if you look at the average economist, if you go to the wall street journal, the survey of left and right leaning economists, they all say the consensus is that the donald trump plan is more inflationary than anything the democrats have proposed. i'd like to know your take on this. donald trump found new champions among tech leaders. elon musk has raised funds for him. what is making tech companies cosy up? a big issue the democrats have had is on the side of regulation. for some reason they ceded crypto currency regulation

and financial service regulation to others and that has been a source of frustration for a lot of venture capitalists in silicon valley. they have tech exposure, web3 exposure and coin exposure through bitcoin et cetera and so they have choked down and made it very difficult for good actors to operate inside the united states. this reaction and this movement towards donald trump is a direct result of that. so i would caution people that the former president is very transactional. he says he is for one thing today and he could very well be for another thing tomorrow. it depends on what serves his personal interest as opposed to the american people. 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, many garden variety republicans like myself made in 2016.

openai is launching a test version of its long—awaited search engine, in a challenge to google's search business. shares in alphabet ended 3% lower after the announcement. 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 searchgpt 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, searchgpt tries to make sense of them. sam altman was full of fighting talk, posting 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 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 searchgpt will get a wider roll—out. southwest airlines is shifting to assigned seats for the first time in its history. 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". 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. we are continuing to sell kit that you may determine to say because of its age is not effective. i would tell you that that is the difference between what a lockheed martin can bring to the table. our innovation makes that aircraft as relevant today as it was 50 years ago. we made a significant amount of investment in the technology and the capabilities that makes that still very significant platform. to the other part of your question i would say that that is the choice that folks make in terms of how much do i backfill of the existing capability and where is the investment that allows us to have even more capability in the same platform?

and while we're talking about the f—16 that is aircraft that will be provided to ukraine. it is a government to government issue when you are not centrally involved but are you providing backup for it? we start with things like training maintainers and assisting in pilot training. the area that i think does not get enough press, the people do not really appreciate is that it is more than just delivering an aircraft and having a pilot. it is all of the sustained, the repair, having maintenance facilities and having all the documentation to support keeping an aircraft like that flying. so our involvement goes much further than what the eye can see. it is about how to sustain the 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 14 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 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, 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. we will be tracking the opening ceremony of the paris olympics and that's it for this edition of business today. thanks for watching.

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,

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 actionline. 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

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 202a. but perhaps the biggest question — how will the opening ceremony go? the unique river seine

show is just hours away. 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.