mr trump also cited china in his speech, saying the us must not let the world's number two economy dominate the industry. if crypto is going to define the future, i want to be mined, minted and made in the usa. it's going to be... it's not going to be made anywhere else. and if bitcoin is going to the moon, as we say, it's going to the moon, i want america to be the nation that leads the way. when he was president, mr trump dismissed the currency as highly volatile and based on air. but major cutter companies and investors have recently been making donations to his election campaign with the aim of staving off tough regulation favoured by the biden administration. meanwhile the financial times reports that members of kamala harris�*s team have been reaching out to the crypto

industry. since vice president harris enter the race, her campaign has dutchman has raised $200 million and says most of the donations came from present contributors after president biden withdrew from the contest and endorsed ms harris. we have just over three months to go until polling day in november, opinion polls are showing that kamala harris is running neck and neck with her republican rival donald trump. funding for the tram campaign has outstripped that forjoe biden in the weeks before he pulled out of the race. the paris 0lympics have begun — this is the first time in a century that the french capital is hosting the summer games. for companies, an olympic sponsorship deal is considered one of the biggest. in recent years, more asian firms, especially from china, have put big money behind the games. some of this year's top sponsors are alibaba and chinese dairy company mengniu, along with samsung and toyota.

michael payne, who's the chairman and ceo of payne sports media strategies. hejoins me from paris. i think probably some of the most interesting insights are coming from these companies, in particular alibaba, which is introducing the ai technology, these are the first 0lympics where we have seen ai integrated into the operations come integrated into the broadcasting, integrated with the whole experience. we are seeing new thinking, new innovations being made through these games. i innovations being made through these gamm— innovations being made through these games-— innovations being made through these games-— these games. i 'ust want to understand — these games. i 'ust want to understand a _ these games. i just want to understand a little - these games. i just want to understand a little more . these games. i just want to i understand a little more about the thinking behind the decisions. alibaba, even chinese brands like mengniu, which is a dairy company, what do you make of these? i which is a dairy company, what do you make of these?- do you make of these? i think it is understandable, - do you make of these? i think it is understandable, they - do you make of these? i think it is understandable, they are | it is understandable, they are following a tried and tested route that 20 or 30 years ago,

the japanese companies used to sports to develop a global marketing strategy and export. that was followed by the korean companies like samsung and hyundai and the chinese companies particularly as they look to broaden a global footprint are seeing sport as a very powerful marketing tool. mengniu began with sponsorship of the soccer world cup, it was very successful for their marketing, both inside china and hoping to extend and broaden the markets. find and hoping to extend and broaden the markets. and do you think the organisers _ broaden the markets. and do you think the organisers of _ broaden the markets. and do you think the organisers of the - think the organisers of the olympics also have to try and 0lympics also have to try and keep reinventing themselves to keep reinventing themselves to keep attracting sponsors the way they have so far? absolutely. change will be change. the olympics is not immune, marketing is changing rapidly all the time, the way that the public is consuming content, engaging with sport,

so the olympics has to be at the forefront of that. and the partners from their marketing strategies, with the technology, is helping to drive the innovation. speaking of china, we have been out of the weekend assuring industrial profits rebounding industrial profits rebounding in june, industrial profits rebounding injune, up 3.6% year—on—year. this data comes amid a shaky economic truck that —— backed up economic truck that —— backed up with consumer sentiment though, after market woes and about recovery overall. dating is trying to provide greater monetary stimulus to spur growth in spending. last week the central bank lowered the cost of borrowing on its one—year policy rate. for more on the state of the chinese economy, let's bring in julian evans—pritchard, head of china economics at capital economics. it's always a good thing when the data comes in a bit better. an industrial sector has been part of china's economy that has been doing reasonably well recently. i think the issue there, though, there is a lot of that increase in demand that

we are seeing for industrial products out of china is really coming from overseas markets are domestic demand is still pretty weak. some manufacturers are becoming more alive on the external market and that imposes some doubts over risk, particularly given the ongoing election campaign in the us and the potential of a trap victory to bring in quite significant tariffs on chinese exports. —— a trump victory. i think there are some downside risks. the economic— are some downside risks. the economic recovery _ are some downside risks. the economic recovery of china remains shaky, we saw the central bank lowering the cost of borrowing, what do you make of borrowing, what do you make of the measures being taken so far by the state?— far by the state? they obviously _ far by the state? they obviously are - far by the state? they . obviously are increasingly concerned, we saw a series of rate cuts, also some announcements or ray sherman on fiscal policy that they will step up the pace of government borrowing and government spending and also some measures in terms of providing support for the consumer goods on auto

trading schemes and student support for people to upgrade equipment. so we are seeing more policy support but i think the key question is the magnitude of the support which story not entirely clear but i think if we do get a bit of a push in the near term, it could bring some domestic demand back. however, the big picture is that with consumers still quite cautious, the household savings rate still above pre—pandemic levels, unless that really changes, its hard to see domestic demand really getting the momentum that you need. the main constraint there is just the lack of confidence in households and a lot of that is related to the property sector, the housing market, where house prices are continuing to decline and that is having negative effects that are holding back broader consumption.— are holding back broader consumption. are holding back broader consumtion. ,, ., consumption. staying with china now. the italian _ consumption. staying with china now. the italian prime - consumption. staying with china now. the italian prime ministerl now. the italian prime minister is therefore a state visit and on sunday she met with the

premiere and signed a three—year action plan to experiment with new forms of economic cooperation. this is herfirst economic cooperation. this is her first official visit to beijing since taking office after italy pulled out of china's belt and road investment initiative. she is also due to meet the chinese president xijinping during her four—day trip. turning out aviation. turning to aviation now — it's been more than 20 years since concorde touched down for the final time, and the age of supersonic travel came to an end. but for the past ten years, a us startup called boom supersonic has been planning to bring it back. at the farnborough airshow, our reporter theo leggett caught up with the company's boss, and asked him why the world needs supersonic travel. nobody wants to spend a lot of time on an aeroplane. concorde, marvellous technical accomplishment, but the problem was it was too expensive. £20,000 for a ticket, 100 seats to fill, economically it was on

the right proposition but everybody wanted to fly on it. 60 years later, now we have got new technology, carbon fibre composites, digital engineering, vastly improved engines. and now we can get the cost down of supersonic flight to the point that a lot more people can benefit. with overture one, that's what before our first airliner, there will be more like flying business class, three quarters less than concorde, then the second one in the third, they are going to get faster, we will get the costs down and unable supersonic flight for everybody because nobody likes spending time on slow aeroplanes.— spending time on slow aerolanes. ., . , aeroplanes. you have been around for _ aeroplanes. you have been around for about _ aeroplanes. you have been around for about ten - aeroplanes. you have been around for about ten years | aeroplanes. you have been - around for about ten years and at the start many people thought you were crazy but you're so here and they you have crossed some milestones? i'm really proud of projects for the last ten years. we are the first independent company that have actually built and flown supersonic jet. that have actually built and flown supersonicjet. but that have actually built and flown supersonicjet.- flown supersonic 'et. but it hasn't turned _ flown supersonic jet. but it hasn't turned supersonic i flown supersonic jet. but it i hasn't turned supersonic yet? it is going to this year, flew

for the first time in march. it is going to fire the second time probably tomorrow, by the time probably tomorrow, by the time you're watching this it has probably flown for the second time and that puts us on track to be supersonic before the end of the year.- track to be supersonic before the end of the year. getting a ainter the end of the year. getting a painter market _ the end of the year. getting a painter market takes - the end of the year. getting a painter market takes a - the end of the year. getting a painter market takes a huge i painter market takes a huge amount of money. how are you going to get from where you are now into production? what going to get from where you are now into production? what we're doinu is, now into production? what we're doing is, certainly _ now into production? what we're doing is, certainly ferociously - doing is, certainly ferociously difficult. aeroplanes are very complex, they are expensive to develop but what i deeply believe is that a small focused and driven teens can do things that legacy players cannot or will not do and can do it faster and better, which we have already learned, we built a supersonicjet with 50 people and not that much money. as we pay that forward, this is a multi—billion dollar project but we have already done a lot, we opened our super factory last month in north carolina, we take control of our own propulsion so we control our own destiny with the engine, we can build it faster and better, we have engine generator trust in about 18 months so the lot

of charge ahead but also a lot of charge ahead but also a lot of challenge that is in the rear—view mirror. of challenge that is in the rear-view mirror.- of challenge that is in the rear-view mirror. that's eight on this edition _ rear-view mirror. that's eight on this edition of— rear-view mirror. that's eight on this edition of business - on this edition of business today. to stay with us.

hello and welcome to sportsday. i'm 0lly foster. the retirement is on hold — murray lives to fight another day after a remarkable comeback at roland—garros in the olympic men's doubles. it's a magical night in the pool for the french, as marchand delivers theirfirst swimming gold for 12 years. and away from the games, it's the chequered flag and then disqualification for george russell at the belgian grand prix.

day two at the olympic games in paris. we'll start with tennis after the most extraordinary comeback in the men's doubles by great britain's andy murray and his partner dan evans. remember, this is the last competitive outing by murray — the three time grand slam winner will retire after the olympics and it's the only event he is taking part in. after sharing the first two sets against the japanese pair kei nishikori and taro daniel, the match would be decided on a ten point tie—break. murray and evans saved five match points, and won seven points in a row to take the match at the first opportunity. murray's retirement is on hold. in the moment, when we finished the match and we both were just laughing, having to celebrate of a match win like that since maybe the one in australia. but

what an amazing