who has extensively covered the fed. it covered the fed. really does help the case for it really does help the case for the fed to cut rates in september. powell kinda set this up after the last meeting. he said inflation keeps evolving and hopefully get better. and now we're in a position to cut rates he didn't commit to it but september was a good read. as you said, we read a bunch of reads before september is meeting but this is one, number one tonight and a few more later on tonight. the price data forjuly for us tomorrow. what are your expectations on that front? yukin pick, with all the running round somewhere between two and half, 3%. most people expect this one to ease a bit further. the headline rate has

been running a little bit over three. most people expect now, i hope for that that's the expectation. i think we're really at the point here now that it would really take really shockingly bad inflation rate to set off the path that there are now. even an ok number will probably still get them going in september. the cost of living _ them going in september. the cost of living seems to be a persistent issue for us even though they say inflation is slowing. jobs being created and wages are going higher. truth? slowing. jobs being created and wages are going higher.- wages are going higher. why is there such _ wages are going higher. why is there such a — wages are going higher. why is there such a mismatch? - wages are going higher. why is there such a mismatch? i - wages are going higher. why is there such a mismatch? i think there such a mismatch? i think there more of hard things to unravel. i think it comes down to the technical thing about the rate at which prices are going up have slowed does the inflation rate. the prices so high. it's an unusual thing, when you look at us economic data from not only the unemployment rate is low and wages are going out people are way more happier when asked in

previous cycles than they are now. i think there is the idea that prices are still high, evenif that prices are still high, even if they're not going up at the rate that they were. september widely expected to see a rate cut, that you take? i do think... take something very shockingly bad in the economic data over the next month or so, to stop the fed. the fed has a dual mandate for the update want to keep prices stable and they want to keep unemployment to eight employment high as possible. the goal, very close to it and the market or start to soften a little bit. there is a very strong .net remember also the interest rates where they are now, five and a quarter, five and have a really quite high. the normal interest rate for the federal reserve is somewhere around three. considerably lower than it is now. they squeezed inflation

out of the system. now it's appropriate to ease back a bit. economists peterjolly. home depots $15 billion estimates. the home improvement giant/ its outlet for the rest of the year saying comparable sales from three to 4%. this comes as consumers in the us grow more cautious with their spending as a higher interest rate environment has forced some to cut back on home renovations. the boss of starbucks is leaving the company after less than two com pa ny after less tha n two yea rs com pa ny after less tha n two years in company after less than two years in charge effective immediately. chief executive is stepping down and will be replaced by brian nicole. he'll be the head of the mexican grill chain chipotle for that continuing to grapple with a slump in sales, among boycotts sparked by the israel— gaza war. nichols new role begins on the 9th of september. goodwill

has just revealed a new line—up of devices that are said to further artificial intelligence. —— google. google has just revealed a new lineup of of devices that are set to further incorporate artificial intelligence. at their latest event held in california, the company unveiled the pixel 9, which will be fully integrated with gemini — google's ai model that competes against chatgpt. the company also showcased their latest smartwatch — the pixel watch 3 — which will have a new feature — to contact emergency services automatically when the wearer's pulse has stopped. chinese tech giant 10 cents is due to reported quarter we met quarterly results on wednesday. backing developers of new games and buying titles and using its massive social media platform to reach customers. after a burst of major spending in the past five years the pace has slowed. gaming consultant unpack why the sector is seeing a slowdown in investment. there's been a slowdown

particularly after the pandemic, it was an unusual investment at the time because of the industry grew at the time since the end of last year and a half for that we've seen tonnes of thousands of lay—offs across the industry. the industry is basically readjusting to what it used to be before the pandemic. that generally what is happening with the industry. to put this in perspective for us, how important is the gaming industry to tencent and is it able to compete in the more specialised players? absolutely. it's the biggest gaming company by many metrics it's a huge part of their business. it's not the only part of the business, they are involved in everything. from social media to settlements music. they have investments in literally hundreds of companies, publishers, developers all around the world and within china. it's a huge portion of their business. however, that is not their main focus compared to other big

gaming companies. even within china, it's definitely not there only focus.- there only focus. see it reported _ there only focus. see it _ reported stronger-than-expected reported stronger—than—expected earnings from april to june. revenues earnings from april tojune. revenues rose to $3.8 billion the company also raised its guidance for shopping which expects to become profitable in third quarter. the stock has soared 11% after those results. workers are the largest copper mine has gone on strike in chile. that action was taken after government mediated pain negotiation fell apart. now the trade union, which represents nearly 99% of front—line workers indicated that production could be hit as replacement staff are prohibited by chilean or meanwhile bhp has activated a contingency plan to deal with the strike. the company also described its workers contracts as some of the best in the industry. injust as some of the best in the industry. in just a few days'

time in the bleachers president will celebrate the countries independence day at the new plant capital on the island of borneo. he held his first cabinet meeting in the city. he has long wanted to replace jakarta with the martin economic hub but the project has been dogged by setbacks as nick marsh found out when he visited. and the heart of indonesia is reinforced indonesia as president wants to carve out a new future for his country. a green, smart mega— city, bigger than london. farfrom the chaos of jakarta than london. farfrom the chaos ofjakarta and a homage to indonesia as a sent on the global stage. ambitious. that's an understatement. and failure? that doesn't seem to be an option. if you said it's impossible for me, no. it's ambitious but it's possible.

the momentum is there. over the past two years waves of jungle had been cleared to make way for new roads and buildings. wiping away the past and pushing indonesia towards modernity. it's only when you get here you could see the sheer scale of this project. there is a sense of real excitement in indonesia, you can feel it. you can also feel the tension. by now this play should have been ready to welcome its first residents. but only the very basics have been finished so far. the long promised to foreign investment needed to pay for it still hasn't materialised. the question some have asked is, does indonesia really need this? , ., , . , this? they are trophy cities. their atr0phy _ this? they are trophy cities. they atrophy projects. - this? they are trophy cities. they atrophy projects. the | they atrophy projects. the particular politicians want to have — particular politicians want to have tied to their names are their— have tied to their names are their legacy. these projects are extremely costly to build. and when it comes to the benefit, _ and when it comes to the

benefit, the benefit goes mainly— benefit, the benefit goes mainly to the developers. and the political elites. that have relationships of those big developers.— relationships of those big developers. relationships of those big develo ers. ., ., , developers. right now the only --eole developers. right now the only peeple who _ developers. right now the only people who live _ developers. right now the only people who live here _ developers. right now the only people who live here are - developers. right now the only people who live here are the i people who live here are the indigenous inhabitants of this land. thousands of people like her have been told that they like their rainforest must make way for the sake of progress. translation: 7? capnext i'm struggling to stay safe. i have no peace. i haven't even been paid for my learjet. where will my children grow up now, where will we live? the president paid a visit recently. this place is a told him to his ten years in charge of the worlds for most populous country. but he faces a race against time. his term comes to an end in october and the new president seems lukewarm on someone else's multibillion—dollar vision. this country will have to overcome more than politics

put up to pull this off indonesia will have to defy history. nick marsh, bbc news, borneo. and that's it for this edition of business today. thanks for watching.

hello, i'm callum with the catch up. tonight — more writers in court. banksy strikes again and the northern lights are back. but first, the families of the victims of the nottingham attacks say the mental health services have blood on their hands for failing to properly care for the killer. grace o'malley—kumar and barnaby webber, both 19 and 65 year old ian coates, were killed injune last year by valdo calocane, who was psychotic and suffering from paranoid delusions. today, the care quality commission, which is responsible for making sure health care providers operate safely, found a series of errors, omissions and misjudgments by mental health services. other news now — more people have been in court for their role in recent riots, including a 13—year—old girl. she pleaded guilty to violent disorder after she protested outside a hotel thought to be housing migrants in aldershot. sentencing is at

the end of september. donald trump and elon musk have had a friendly chat on x, where they discuss subjects such as immigration and the us election. trump even claimed he persuaded russian leader vladimir putin not to invade ukraine. i said to vladimir putin, i said, don't do it. you can't do it, vladimir. you do it, it's going to be a bad day, you cannot do it. and i told him things that what i do and he said, no way. and i said, way. and another banksy has appeared, this time at london zoo. look at this — it shows a gorilla helping sea lions and birds escape while other animals watch on from inside. it's the ninth banksy we've seen in nine days. now, i'm going to leave you with ios of wonder. look at these northern lights seen as far south as cornwall, thanks to a particularly strong geomagnetic storm. but yesterday there was a double astronomical treat with a meteor shower added to the mix. that's it from me. see you soon.

hello and welcome to sportsday — i'm olly foster. rangers see red, as they reach the end of the road in champions league qualifying. with one decision of one person, you take away a dream of a of the whole, so that's really hard. big setback for ben stokes, the england captain will miss the rest

of the summer with a hamstring tear. and double dutch, there are two winners from the netherlands on the same day at the tour de france femmes. hello there, it's been a busy night across europe in the third round of champions league qualifying, io sides have made into the play—offs, but rangers aren't one of them. it was i—all against dynamo kyiv after the first leg but they lost 2—nil in glasgow, and they were furious with the referee, who had sent off their brazilian wingerjefte for picking up a second yellow card, for what seemed to be a fair aerial challenge early in the second half. down to 10 men, rangers conceded twice late on. dynamo will face salzburg in the play—offs, the winner of that will go into the new 32 team league phase, in the champions league.

rangers have dropped into the europa league after what the manager