that the us economy is slowing down. the bangladeshi of military commerce is to form an interim government after the prime minister flees the country to dick and fresh rioting on the streets of england as nearly the country. and fresh rioting on the streets of england is nearly 400 people are arrested after a week of violent disorder. stocks injapan are up nearly 10% in early trading tuesday after the country's nikkei index plunged more than 12% monday — its biggest drop since 1987. us stock markets also took a beating, suffering some of their worst losses in two years. it all comes amid global concerns of a possible

recession in the world's largest economy. this is where things finished in the us on monday. the s&p 500 fell more than 3%. the dow dropping more than 1,000 points or about 2.7%. and the tech—heavy nasdaq led the way, down almost 3.7%. it was the first day of trading since friday's weak us jobs report — that showed slower—than—expected hiring. some analysts fear an unexpected slowdown in the us economy — and believe the us federal reserve will now have no choice but to cut interest rates. that's something the central bank has resisted so far — bucking the trend of central banks in most other major economies. joining me live from singapore is the bbc�*s mariko 0i, who is tracking the opening of the japanese markets on tuesday morning. it looks like things are better

this morning after yesterday was my drop which was the worst since 1987. what more are you reading into that? i since 1987. what more are you reading into that?— reading into that? i think it is fair to — reading into that? i think it is fair to call— reading into that? i think it is fair to call it _ reading into that? i think it is fair to call it crazy - is fair to call it crazy volatility at the moment especially on the japanese stock market. yesterday a circuit breaker was triggered because shares fell sharply, thatis because shares fell sharply, that is where trading gets suspended and this morning trading was suspended because shares were rallying too much. japan's nikkei opening 7—8% higher. we cannot exactly call ended recoveryjust yet but definitely rebounding strongly. definitely a sigh of relief especially in japan definitely a sigh of relief especially injapan where there are many more retail investors today compared to the other market meltdown that we experienced during the covid pandemic as well as when the country was hit by a huge earthquake back in 2011. yesterday's fall was the

biggest points drop on record, even bigger than black monday in 1987. so a lot of panic selling injapan but today is a much better day with shares trading higher.— much better day with shares trading higher. more broadly what has been _ trading higher. more broadly what has been driving - trading higher. more broadly what has been driving these | what has been driving these fears in asia and specifically injapan? fears in asia and specifically in japan?— fears in asia and specifically in ja an? ., ., fears in asia and specifically in jaan? ., ., .,, in japan? you mentioned the 'ob starter in the fi in japan? you mentioned the 'ob starter in the united d in japan? you mentioned the 'ob starter in the united states i starter in the united states from friday. that definitely played a role but especially in japan for many investors their biggest concern was the sudden jump biggest concern was the sudden jump in the value of the japanese currency, the japanese yen. for many months we've been talking about how it has weakened and that has been a huge problem for the japanese economy. the authorities spent some $100 billion since the end of april to intervene and prop up of april to intervene and prop up the value of the japanese yen and then last week the bank ofjapan, the yen and then last week the bank of japan, the central yen and then last week the bank ofjapan, the central bank raised interest rates from 0.1% to 0.25% so it is still very low but that move was enough to

p"°p up low but that move was enough to prop up the value of the japanese yen and even though this is exactly what the authorities had wanted, because japan is home to many exporters, a stronger currency makes their product more expensive abroad and that is why we saw shares of exporters in particular being hit hard yesterday. in particular being hit hard yesterday-— in particular being hit hard yesterday. in particular being hit hard esterda . ~ , .,,, yesterday. was yesterday a blip or something — yesterday. was yesterday a blip or something we _ yesterday. was yesterday a blip or something we can _ yesterday. was yesterday a blip or something we can expect - yesterday. was yesterday a blip or something we can expect to l or something we can expect to continue in the coming months? if i knew the answer to that i would probably be sitting in a trading room making a lot more money than here. this is something that many people are closely watching, whether the japanese shares managed to recover because just last month the nikkei 225 hit its all—time high surpassing 42,000 and yesterday all the gains from this year were wiped out and base the three sessions. the rally today is a sigh of relief especially for retail investors but whether or not they could

actually go back up is something we have to wait and see. ., ~' something we have to wait and see. ., ~ , ., y something we have to wait and see. . ~ ,, , . joining me live is wendy edelberg, a senior fellow in economic studies at the brookings institution and a former member of the president's council of economic advisers. welcome to the programme. what has been happening in the markets has fuelled concerns about an economic slowdown after the usjob about an economic slowdown after the us job starter was released. what is your sense? you see a recession looming? 0verall you see a recession looming? overall the us economy is in a really good place. 0ver overall the us economy is in a really good place. over the past three months employment gains have basically been at their maximal sustainable level for full employment. their maximal sustainable level forfull employment. we their maximal sustainable level for full employment. we have consumer spending robustly, a very low unemployment rate and we have inflation data coming in very close to the feds target. so the state of the economy is great. i think what is got people worried is about

the trajectory, the changes we have seen over the last six months whether that meant what is confusing about that as we have set for a long that the economy needed to slow, to get to a healthy place and it has been slowing but what people are doing our extrapolating and are doing our extrapolating and are worried that what happens if more slowing is around the corner? that would be unwelcome but currently we are in a good place. but currently we are in a good lace. ., , place. how will the events in ja an place. how will the events in japan impact _ place. how will the events in japan impact us _ place. how will the events in japan impact us and - place. how will the events in i japan impact us and worldwide stocks do you think?— stocks do you think? there is a lot of uncertainty _ stocks do you think? there is a lot of uncertainty right - stocks do you think? there is a lot of uncertainty right now, i stocks do you think? there is a lot of uncertainty right now, al lot of uncertainty right now, a lot of uncertainty right now, a lot of uncertainty right now, a lot of volatility and i am a little puzzled that there has been so much focus on the report in the us which in many respects was actually quite strong so the three month average of employment gains has been 170,000 through average of employment gains has been 170,000 throuthuly and been 170,000 through july and the been 170,000 throuthuly and the unemployment rate went up but that was only because

mechanically more people showed up mechanically more people showed up wanting to work and that is good news, not bad news. and not something you would typically see in advance of a recession. i am a little puzzled that everyone is looking at the employment report that was released on friday in the us and worrying so much. friday in the us and worrying so much-— friday in the us and worrying so much. ~ ., ., i. so much. what do you think? do ou think so much. what do you think? do you think the — so much. what do you think? do you think the federal— so much. what do you think? do you think the federal reserve i you think the federal reserve may take action? there has been speculation about whether there would be a change in the rates. i absolutely think that if the data continued to come in as we have been seeing i think a september rate cut is basically inevitable. i would have been happy to see a rate cut earlier but i think the third strongly signalled thatjuly was not going to happen and even after the inflation report came out the inflation report came out the july cut was basically off the july cut was basically off the table. i think we will now see the feds signalling that

there will be a series of rate cut over the remainder of the year and beyond if the data continued to come in as we have seen. �* ., continued to come in as we have seen. ~ . ., a, seen. and what we saw on monday was some investors _ seen. and what we saw on monday was some investors here _ seen. and what we saw on monday was some investors here in - seen. and what we saw on monday was some investors here in the - was some investors here in the united states selling off stock such as crypto and big tech. what do you think could be done to calm nerves in that respect? what we need is monetary policy to stay the course. of course if fiscal policy makers want to be helpful then projecting calm, projecting credibility is always welcome. i think there is a high levels policy uncertainty in the united states but my guess is that what is happening now is that people who own stocks are overreacting each piece of information because there is just extraordinary uncertainty right now about what the economy is going to look like in the us and abroad.- economy is going to look like in the us and abroad. thank you very much _ in the us and abroad. thank you very much for— in the us and abroad. thank you very much for sharing _ in the us and abroad. thank you very much for sharing your- very much for sharing your thoughts on that story.

the un has called for a "peaceful, orderly and democratic transition", in bangladesh, after weeks of deadly protests which finally saw the country's long serving prime minister, sheikh hasina, dramatically resign on monday. celebrations broke out in the streets after ms hasina fled the country by helicopter. it's thought she's now in india. hours after her resignation, the president ordered the release of students detained during the protests and for the release of ms hasina's politcal rival, former prime minister khaleda zia, who'd been injail. sheikh hasina had been in office for 15 years — part of a political dynasty in bangladesh, the daughter of the country's first president sheikh mujibur rahman — who was assassinated. she was re—elected for a fourth term earlier this year, in a vote considered a sham, after the opposition boycotted the poll. as news of her departure filtered through, thousands of protesters stormed sheikh hasina's official residence. remarkable scenes showed people looting her personal items and ransacking the property, even entering her bedroom

in the usually fortified building as security forces watched on. more than 300 protesters have died during weeks of anti—government protests, which began after students demanded the end to a civil service jobs quota which favoured relatives of those who'd fought in the country's war of independence. many who've been protesting for years have raised concerns about human rights in the south asian nation. joining me live is bangladeshi political scientist and president of the american institute of bangladesh studies ali riaz. the army says it is going to set up an interim government, what do you think that will look like? flat what do you think that will look like?— look like? at this point it seems to _ look like? at this point it seems to be _ look like? at this point it

seems to be very - look like? at this point itj seems to be very unclear look like? at this point it. seems to be very unclear as look like? at this point it - seems to be very unclear as to what will be the composition of the interim government and who will lead it. because there are several actors who came together through this mass upsurge spearheaded by the younger population and who have a stake in the formulation of the interim government. the military which —— and other political parties. so in the coming days we will see how these combination between these various actors comes out to be. we just heard on the last few minutes that the army chief in bangladesh is going to meet student protesters sometime today to discuss next steps. what do you make of that? it is what do you make of that? it is a aood what do you make of that? it is a good sign _ what do you make of that? it is a good sign that _ what do you make of that? it 3 a good sign that the army chief is talking to the students because initially throughout the whole day is the former

prime minister left bangladesh and political parties were having conversation with the chief of army staff some how the students remained in the margins. they were not consulted. now they have been brought into the conversation. in the meantime they have also suggested names. we will see how the conversation plays out as well as how the president political parties come together to formulate a workable interim government because it is going to face enormous and daunting challenges in the coming weeks. we talk about the role of young people in these protests and also that they are meeting the army chief. 75% of the population of bangladesh is under the age of 41. they were demanding fairyjob quotas. what else do you think they will demand when they meet with the army chief?—

the army chief? mostly they will be looking _ the army chief? mostly they will be looking beyond - the army chief? mostly they will be looking beyond the l the army chief? mostly they i will be looking beyond the job situation particularly when they announce the programme specifically demanding the resignation they also said they would like to see reform in the political system. they want to ensure that there is no possibility of a resurgence of any kind of autocratic leader in years or decades to come. so there are other issues, and they have ideas on how to reform the state and reform the government and particularly the constitution. so those are the issues they will discuss and going forward those things will be underscored as a go forward. that is their idea bangladesh

is a country that has long been dominated by accusations of corruption and experienced several military coups. free and fair elections have been promised. do you think that is something that will actually happen and you think the idea is that the students want can be realised given some of the challenges bangladesh has historically faced? it challenges bangladesh has historically faced?- challenges bangladesh has historically faced? it will be difficult, historically faced? it will be difficult. it _ historically faced? it will be difficult, it will— historically faced? it will be difficult, it will be - historically faced? it will be difficult, it will be daunting| difficult, it will be daunting but it necessary effort because what the younger population have brought forward is the necessity to have a new system that will not allow this kind of autocratic system. as for the corruption issue, corruption has been endemic and particularly throughout the regime is that we have seen it become institutionalised and in this manner she could provide support to her cronies. these are the issues that will come to haunt the next government and the reason is that they

will have a period of time to address these issues in earnest. address these issues in earnest-— address these issues in earnest. ., ., , ., earnest. thank you for sharing our earnest. thank you for sharing your thoughts. _ around the world and across the uk. this is bbc news. let's ta ke let's look at some other stories making news. all children apart from one have been discharged from hospital a week on from the southport attack. it comes as hundreds attend a peaceful vigil for the three young victims. fiona trott reports. it is what children love to do. so what better way to remember those three little girls? it means so much to the family of leanne lucas who was running the class that day and tried to protect them. i the class that day and tried to protect them.— protect them. i think it is amazing- _ protect them. i think it is amazing. wonderful- protect them. i think it is amazing. wonderful to i protect them. i think it is i amazing. wonderful to see. it puts a smile on my face every day seeing the likes of this every day, it makes you feel so

much better. every day, it makes you feel so much better-— every day, it makes you feel so much better. what would you say to --eole much better. what would you say to people in _ much better. what would you say to people in southport? - much better. what would you say to people in southport? thank. to people in southport? thank ou. to people in southport? thank you- thank — to people in southport? thank you. thank you. _ to people in southport? thank you. thank you. to _ to people in southport? thank you. thank you. to everyone l to people in southport? thank| you. thank you. to everyone of you, thank you. it is heartwarming, it is so nice to see. �* ., , heartwarming, it is so nice to see. �* . , ., , heartwarming, it is so nice to see. �* ., .,, see. but as well as thinks there are _ see. but as well as thinks there are feelings - see. but as well as thinks there are feelings of- see. but as well as thinks | there are feelings of anger see. but as well as thinks i there are feelings of anger at there are feelings of anger at the violence seen on the streets. the violence seen on the streets-— the violence seen on the streets. , , , , streets. disgusted. highly disgusted- _ streets. disgusted. highly disgusted. some - streets. disgusted. highly disgusted. some of i streets. disgusted. highly disgusted. some of the i streets. disgusted. highly- disgusted. some of the people that i knew. disgusted. some of the people that i knew— disgusted. some of the people that i knew. you alive with bbc news. american military officials say several us soldiers have been wounded in an attack on an air base in iraq. suspected rockets were fired at the al asad facility in the west of the country. last week the us said it carried out a strike in iraq against militants who posed a threat to coalition forces. tensions remain high in the middle east after last week's killings of the hamas political leader in tehran and a senior hezbollah commander in lebanon. iran has vowed to retalitate.

us presidentjoe biden says he and the vice president were briefed on the situation, posting on x, "we received updates on threats posed by iran and its proxies, diplomatic efforts to de—escalate regional tensions, and preparations to support israel should it be attacked again. 0ur correspondent in tel aviv, jenny hill, has more about the current mood in israel. well, israel remains on high alert. political and military leaders continuing to insist that this country is ready for any eventuality, trying to reassure citizens that that is the case. benjamin netanyahu is warning that anyone who attacks his country will pay a heavy price. in the meantime international diplomatic efforts to defuse the situation are continuing. you can roughly divide them into three. the first are attempts to get at iran to temper its planned attack. it is widely assumed that iran is planning a co—ordinated attack on israel along with some, if

not all of its regional proxies. the second prong is to try to mitigate the damage done ljy try to mitigate the damage done by such an attack and that is why you are seeing the us send in extra warships extra fighter jets to the region and the third effort is to try to persuade israel to mitigate, to temper its own response to whatever form that attack takes. all of this is happening as analysts look on and warned that this is the most perilous moment in the middle east for many of us that make for many years. —— for many years. meanwhile the united nations has sacked nine workers in gaza after an internal investigation found they may have played a role in the october 7 attacks by hamas. a un spokesperson says the un carried out an investigation following allegations by israel that unrwa staff were involved. also on monday, the hamas—run health ministry says the death toll from the war has now reached 39,623 people. it come after an israeli

airstrike has hit two schools in gaza city housing displaced people. we're nowjust hours away from learning who kamala harris is going to pick as her running mate for november's election. the vice president spent the weekend interviewing several contenders at her home in washington dc. among those who travelled to speak with her were pennsylvania governorjosh shapiro, arizona senator mark kelley and minnesota governor tim walz. 0nce ms harris announces her pick, the pair are expected to depart on a whirlwind five—day tour through seven cities in key battleground states. beginning with a rally on tuesday in philadelphia. fresh rioting broke out on the streets of england on monday, as the head of the uk's national police chiefs council says the spate of unrest is the worst he's seen in more than a decade. around 400 people have been arrested since the violence first erupted last week. the prime minister,

sir keir starmer, says thousands of specialist police officers will be available to deploy over the summer if the unrest continues. the disorder began after the fatal stabbings of three girls in the northwest english town of southport, near liverpool. it followed posts on social media which wrongly blamed the stabbings on a muslim migrant. the riots have spread across england and northern ireland with shops looted, police officers assaulted and petrol—bombs thrown at hotels housing asylum seekers. rocks have been thrown at police in south belfast. in birmingham the second largest city there has been trouble from counter protesters. daniel sandford, has more. after the wanton violence of the night before, today, the meticulous work of gathering evidence, collecting fingerprints at the holiday inn express in wath upon dearne, just outside rotherham, so detectives can bring

the rioters to justice. last night's disorder here led the prime minister to promise that a force of 6000 riot—trained police officers will be established for the summer, that can be sent anywhere in england and wales. i'm absolutely clear that we will have the officers we need, where we need them to deal with this disorder, and that is why the standing army has been set up, specialist officers ready to be deployed to support communities. rioting started on tuesday in southport a day after young girls were killed in a mass stabbing. girls were killed in a mass stabbing-— girls were killed in a mass stabbinu. ., , ., . stabbing. there was violence outside downing _ stabbing. there was violence outside downing street i stabbing. there was violence outside downing street on i outside downing street on wednesday. serious disorder on friday in sunderland led to burning cars underfire friday in sunderland led to burning cars under fire to the police office. last night there was rioting at hotels housing

asylum seekers in rotherham and tamworth. , , ., tamworth. this is some of the most terrible _ tamworth. this is some of the most terrible violence - tamworth. this is some of the most terrible violence that i tamworth. this is some of the most terrible violence that we | most terrible violence that we have seen for probably more than a decade and we are here to protect communities against that violence. the to protect communities against that violence.— to protect communities against that violence. the pressures on senior officers _ that violence. the pressures on senior officers were _ that violence. the pressures on senior officers were clear i that violence. the pressures on senior officers were clear when | senior officers were clear when the head of the metropolitan police pushed a reporter's microphone to the ground in whitehall today. he later apologised. the police's concern is that the violence does not stop here. posterfor hundred people have been arrested and those who have already been put before the courts have been kept in prison ahead of sentencing. the hope is that it will reduce the number of people repaired to take to the streets and riot. the arrests, including this today in sunderland are rising ljy today in sunderland are rising by the day as police officers pour through video evidence of the disorder. some suspects including these three who pled guilty to violent disorder in sunderland are already in jail. police forces and the government are hoping that at some point the tensions will

fizzle out. but these scenes, people in birmingham wearing balaclavas in it counter protest this evening so there's not much of that yet. more on those riots in the uk on the bbc news website. a judge those riots in the uk on the bbc news website. ajudge here in the united states has ruled that alphabet acted illegally to maintain a monopoly of the search engine market. the long—awaited ruling is a big win for the government as it tries to rein in the power of big tech that it does not mean you will see any changes to your internet browser. least not yet. 0ur your internet browser. least not yet. our business correspondent has more. google just lost a high—stakes battle with the us government. a federaljudge ruled the payments made to the likes of apple and samsung to make google search the default option on their smart phones and web browsers violated us anti—trust law. in its 277 page ruling, thejudge in washington

wrote that google is a monopolist and it has acted as one to maintain its monopoly. concluding that the money it had spent effectively blocked rivals from succeeding in the market. it represents a major setback for google and its owner, alphabet which plans to appeal the decision. a spokesman for the company told the bbc that this decision recognises that google offers the best search engine but concludes that we should not be allowed to make it easily available. for now the ruling as a vindication for the anti—trust regulations in america. thejustice anti—trust regulations in america. the justice that parliament which filed the case nearly three years ago when donald trump was president hailed the outcome is a historic win and said it would continue to vigorously enforce anti—trust laws, no doubt sparking fear in the corporate offices of some of the big tech giants. it is not yet clear what this will mean for the future of google's business.

the decision is only about liability, not about a remedy. as we were saying earlier there is huge anticipation here in washington with all eyes on comer harrison who she wants to bring to the white house next year —— kamala harris and her she wants to bring to the white house next year if she wins the election. she is expected to announce her choice in the early hours of tuesday morning in the us and hold a rally later in the day. we will have more on that in the next hour here on bbc news and we will have more on the latest developments as well in bangladesh. there is plenty more on the bbc website on all the stories we have been covering. stay with us here on bbc news. hello there. tuesday is going to feel cooler and fresher, some sunshine, could be a few showers as well. on monday, though, the highest temperature of the day was in north—eastern scotland.

temperatures in the moray firth got up to 27 degrees. that was in this warm and humid air ahead of this weather front here, which is bringing some rain in from the west. following on from that, we see the cooler and fresher air moving into the north—west of the uk. the rain on that weather front increasingly light and patchy, but quite a change coming into northern ireland. temperatures some ten degrees lower than at the same time on monday morning. a more comfortable night for sleeping. quite muggy, though, across the midlands and eastern england. a little rain here, could prove to be a bit hit and miss. that moves through, then we get some sunshine following. the odd shower coming in over the irish sea, but most of these showers getting blown into northern ireland and western scotland. a bit drier in eastern scotland, but we're not going to see the high temperatures we had on monday in that cooler and fresher air. the highest temperatures towards the south—east of england, the mid 20s here.

but with that weather front out of the way, we still have the low pressure getting closer to the north—west. that's strengthening the winds, quite windy for the time of year on wednesday. to greet the day, we have some wet weather in scotland. as that moves through, more showers in scotland and northern ireland — with that stronger wind, we could blow a few showers further east across england and wales. still looking dry in the south—east of england, but temperatures even here will be lower on wednesday. 18—22 celsius is a little below the average for this time of year. the area of low pressure to the north of scotland does finally move away by thursday, but it allows these weather fronts to come in from the atlantic. we will find the cloud thickening and increasing during the day on thursday, some rain and drizzle setting in. still uncertainty as to how far north the rain is going to get. now pushing a little further north into the central belt of scotland. northern scotland dry, and we may not get much rain

towards the south—east of england, with temperatures into the low 20s. but we're not going to see a return of the heat. that's because the position of the jet stream is rushing right the way across the uk, so we are more likely to have some rain from time to time.

japan's stock market regains losses after its worst crash since black monday. the rest of the asian markets also in recovery mode. a us federaljudge has ruled that google's online search monopoly is illegal, which could shake up how the tech giant operates. welcome. japan's saw its worst day since the 1987 black monday crash. it is regaining ground, up crash. it is regaining ground, up 8% in south korea's currency trading higher. let's recap all the action over the last 24 hours and more, especially on wall street, another brutal session with the dowjones falling over 1000 points, its worst day in nearly two years. a similar story for the s&p 500 as well as the nasdaq as fears

of a us recession continue