for voters — something both harris and republican nominee donald trump have addressed in their campaigns. our north america editor sarah smith reports from maryland. along the shore of the chesapeake bay it cost more to eat out than it did before. marilyn's famous scrubs and seafood have increased in price, lowjust about price, low just about everything price, lowjust about everything else in america. so it may look like the living is easy, but people are still worried about inflation. who do you blame for the crisis was loi blame the democrats. yeah? i believe the policies are hurting the workingmen. they get paid by the hour. so to get up get paid by the hour. so to get up and work every day you think you have to do that to get the american dream. just know it is getting harder. american dream. just know it is getting harder-— getting harder. every three da s getting harder. every three days they _ getting harder. every three days they have _ getting harder. every three days they have to - getting harder. every three days they have to go -

getting harder. every three days they have to go to - getting harder. every three days they have to go to the grocery _ days they have to go to the grocery store and i spent $100 every— grocery store and i spent $100 every to— grocery store and i spent $100 every to the grocery store. that — every to the grocery store. that gets really hard to take. donald — that gets really hard to take. donald trump is mid—pitch that he is making is if you felt better off four years ago than you do now, vote for me. does that make sense?— that make sense? that isn't a compelling — that make sense? that isn't a compelling argument - that make sense? that isn't a compelling argument for - that make sense? that isn't a compelling argument for me. | that make sense? that isn't a | compelling argument for me. i mean, maybe for people who already decided they are going to vote for trump that will be something they will repeat. most voters say the economy is that number one issue in the coming election. and despite good news about record job creation, economic growth, and the lowest inflation rate in years, it's still a potential liability for the democrats. now, while the rate of inflation may be falling, prices are of course are still increasing and very few voters say they feel as though the economy is improving. even in the white house economist described there being a bad vibe around and in an election year that really matters. kamala harris plans to economic

policy focused on reducing the cost of living, including banning excessive corporate profits on food. today she is announcing lower prices for prescription drug. find announcing lower prices for prescription drug.— announcing lower prices for prescription drug. and so in the united _ prescription drug. and so in the united states _ prescription drug. and so in the united states of- prescription drug. and so ml the united states of america prescription drug. and so in - the united states of america no senior should have to choose between either filling their prescription or paying their rent. ., , , ., , rent. now this is a little bit different — rent. now this is a little bit different day _ rent. now this is a little bit different day because - rent. now this is a little bit different day because this. rent. now this is a little bit| different day because this is what — different day because this is what talking about a thing called _ what talking about a thing called the economy. the economy could be a — called the economy. the economy could be a winning _ called the economy. the economy could be a winning issue - called the economy. the economy could be a winning issue for- could be a winning issue for donald trump, but he just can't stay on message. he says he doesn't think it is the most important topic and attacks the way ms harris's laughs. this important topic and attacks the way ms harris's laughs.- way ms harris's laughs. this is inflation- _ way ms harris's laughs. this is inflation. this _ way ms harris's laughs. this is inflation. this is _ way ms harris's laughs. this is inflation. this is what - way ms harris's laughs. this is inflation. this is what has - inflation. this is what has happened. inflation. this is what has happened-— inflation. this is what has hauened. . .. . , happened. kamala harris was riaht happened. kamala harris was right beside _ happened. kamala harris was right beside joe _ happened. kamala harris was right beside joe biden - happened. kamala harris was right beside joe biden as - happened. kamala harris was right beside joe biden as his. right besidejoe biden as his vice president during a period of rampant inflation. will she be blamed for those price rises or waterfall promises to bring them down in future? sarah smith, bbc news, galesville,

maryland. that was the report coming to us from sarah smith in the united states. the fears over a possible recession in the us eased substantially on thursday — as data showed thatjuly retail sales increased by the most in a year and a half. add to that a lower than expected number of americans filing new applications for unemployment benefits last week and the economy seems to be ticking along quite nicely. joining me is susannah streeter, head of money let's discuss this further. ——joining me is susannah streeter, head of money and markets at hargreaves lansdown. it all looks tickety—boo. it all looks tickety-boo. this is raised _ it all looks tickety-boo. this is raised hopes _ it all looks tickety-boo. this is raised hopes that the - it all looks tickety— boo. ti 3 is raised hopes that the us will be heading for a soft landing after all. this comes after a panic and stewed following the release of last month's jobs data, the following the release of last month'sjobs data, the keyjobs report showing unemployment

unexpectedly rose to four x 3%. that spark their volatility on financial markets because of worries that it could indicate that the us was heading for recession. now all of those fears have been calm, we have the retail sales coming in stronger than expected, one percenter, really good results from the likes of walmart, for example, showing that consumers really do have an appetite to spend and also those jobless claims, those unemployment claims, those unemployment claim numbers surprised on the upside. so that's why you have seen this reaction on wall street, the s&p 500 at 1.6%, the nasdaq about 2% because there is this rosy glow emanating over the us economy. donald trump obviously has been addressing the economy over the last few months hours. we will be hearing from kamala harris as she heads to north carolina. she has no specific record on the economy, does she? trio.

she has no specific record on the economy, does she? no. this is the issue _ the economy, does she? no. this is the issue that _ the economy, does she? no. this is the issue that she _ the economy, does she? no. this is the issue that she is _ the economy, does she? no. this is the issue that she is going - is the issue that she is going to have, because everything seems to be headed in the right direction on one level, if you look at the level in terms of families, what they are feeling, there is this lag effect of the interest rate cut, which if an interest rate cut, which if an interest rate cut does come in september, which were certainly expecting, but not a big cut of 50 basis points, more like 25 basis points, more like 25 basis points, that is not really going to be felt by consumers initially and borrowers initially and borrowers initially because it takes some time to feed through. and this will be the worry that although on the larger picture it certainly does look better people are still feeling the pinch. is people are still feeling the inch. , ., , , , people are still feeling the inch. , ., i, , ., pinch. is there any sense of feelin: pinch. is there any sense of feeling as — pinch. is there any sense of feeling as to _ pinch. is there any sense of feeling as to where - pinch. is there any sense of feeling as to where the - pinch. is there any sense of - feeling as to where the markets would feel more comfortable, donald trump or heading with the democrats? what is the feeling as we head towards

november?— feeling as we head towards november? ~ . ., , november? well, certainly, when ou saw november? well, certainly, when you saw the _ november? well, certainly, when you saw the indication _ november? well, certainly, when you saw the indication that - you saw the indication that donald trump had the upper hand, particularly after his assassination attempt and all its concerns overjoe biden's health, when you saw the likes of energy stocks, oil and gas companies, but also financials, the banks raising their share price because there is an expectation that, actually, given what happened during his previous presidency, that those sectors would do well. but on the other hand certainly renewable energy stop, given the acts thatjodie broughton has broad, there are terms in relation to renewable energy and the green transition, companies that would also do better under the democrats. so it certainly depends on which kind of sectors you are looking at. kind of sectors you are looking at, ,, ., ,, kind of sectors you are looking at. ,, ., ,, at. susannah streeter, as ever it has been — at. susannah streeter, as ever it has been a _ at. susannah streeter, as ever it has been a pleasure. -

at. susannah streeter, as ever it has been a pleasure. thankl it has been a pleasure. thank you very much indeed. thank you. let's skip to the opposite side of the pond and look at the economy in the uk. the latest data on the uk's retail sector covering the month ofjuly is set to be released in an hour and a half — amid concern that the anti—immigration disorder which took place across the uk in recent weeks may have deterred shoppers. joining me now is christie cook, retail managing director, hodge bank. hello there to you, christie cook. what are you expecting, an hour and a half ago, what is the feeling? lode an hour and a half ago, what is the feeling?— the feeling? we are hoping for o timism the feeling? we are hoping for optimism in — the feeling? we are hoping for optimism in the _ the feeling? we are hoping for optimism in the july _ the feeling? we are hoping for optimism in the july data. - the feeling? we are hoping for optimism in the july data. in i optimism in thejuly data. in the wider markets of the uk we have seen more positive results, we have got the bank rate reducing at the beginning of august. so combined with the good albeit sporadic weather in july that is what we are hoping for with those improved results. .,

for with those improved results-— for with those improved results. ., . results. to what extent did those riots _ results. to what extent did those riots impact - results. to what extent did those riots impact the - results. to what extent did those riots impact the uk | those riots impact the uk economy and particularly the retail sector?— retail sector? there is going to be inevitable _ retail sector? there is going to be inevitable impact - retail sector? there is going to be inevitable impact to i retail sector? there is going l to be inevitable impact to the august data, we have certainly seen a dip in footfall across particularly the northeast and the west midlands. we close our offices on the day of anticipation of riot, thankfully they did not transpire. the good news is that they were under control relatively quickly, so we're going to continue to now into the autumn. i going to continue to now into the autumn.— going to continue to now into the autumn. i am sure you are aware of — the autumn. i am sure you are aware of some — the autumn. i am sure you are aware of some of _ the autumn. i am sure you are aware of some of the - the autumn. i am sure you are aware of some of the front - aware of some of the front pages on the uk newspapers here pointing to the fact that, you know, we probably don't need more rates cuts, the uk economy is doing rather well. i more rates cuts, the uk economy is doing rather well.— is doing rather well. i think the rate cuts _ is doing rather well. i think the rate cuts are _ is doing rather well. i think the rate cuts are positive, | the rate cuts are positive, particularly in the retail sector. we have had lots of lobbying and campaigning for that and we're still hearing more stores closing and so i

would continue to be supportive of rate cuts. would continue to be supportive of rate cuts-— of rate cuts. 0k. just taking a look at the — of rate cuts. 0k. just taking a look at the hybrid _ of rate cuts. 0k. just taking a look at the hybrid working - look at the hybrid working sector. how much is working from home impacting this act? i from home impacting this act? i suppose the debate continues, but the reality is that businesses are encouraging their teams back into the office. it would be good to start seeing the busy high streets mid week again. at the moment i am not queueing for a sandwich and thatjust doesn't feel right. sandwich and that 'ust doesn't feel riuht. �* , ., �* feel right. laughter i don't know, depends _ feel right. laughter i don't know, depends on _ feel right. laughter i don't know, depends on what - feel right. laughter | don't - know, depends on what sandwich it is. chris dicker, thank you. it is. chris dicker, thank ou. ., ,, chris dicker, thank you. thank ou. -- chris dicker, thank you. thank you. -- christie _ chris dicker, thank you. thank you. -- christie cook. - turning to india, the country celebrated 77 years of independence from british rule on thursday. as is the tradition, the prime minister addressed the nation — touching on the country's goal of becoming the world's third largest economy. the bbc�*s india business correspondent arunoday mukharji listened to narendra modi's speech.

the big message from prime minister modi was his government is committed to economic reform accelerating india's growth and entering the country becomes the world's third—largest economy in the next four years. obviously this was an independence day speed so it was all about highlighting india's achievements and it has the potential to become a global manufacturing hub, how several countries and companies are looking at india is a favourable investment destination. while some of that is true and it did help prime minister's moody's case that foxconn chief was here in india two days ago to discuss investment opportunities in the country. we have other bigoted players like apple, meta, and google looking at opportunities in the country. in a separate note, he highlighted the renewable energy ambitions as well and its efforts to reduce reliance on fossil fuels. despite this glowing report card, it is important to highlight a lot of the challenges that the indian economy is facing. on the renewable energy front it is

important to say that india is still heavily reliant on goal for its electricity needs and remains the world's third—largest emitter. on paper, india remains one of the fastest—growing economies but like unemployment among the educated indian youth as well as sluggish private consumption remain big challenges to the indian economy. so what progress has been made in many sectors there are also several areas that the government still needs to focus on. are a mortgagee there. —— arunoday mukharji there. around the world and across the uk, this is bbc news.

with the weekend here, many of us are dreaming ofjetting off to far—flung destinations. for an ever—growing number of empowered women, the fantasy is now a reality. armed with passports, smartphones, and a thirst for adventure, female solo travellers are reshaping the tourism industry — proving that the ideal travel companion, might just be yourself. my colleague mark lobel has been speaking to maeve hartney, the chief programme officer at road scholar — that's

an american not—for—profit organisation that provides educational travel programmes. he asked about the marketing gap targeting this booming demographic. ina lot in a lot of households it is the female making the travel decisions on behalf of the family, so it's interesting that no—one is focusing on the female traveller, because not only are they the ones doing the most travelling right now, there are also the ones who are not travelling alone, who are making the travel decisions. people need to think about who that clientele is, what are the things that are going to appeal to a female? can you check in online? you have to stand in line late at night? other rooms available if you are on an overnight flight, a transatlantic flight from the west year? in a second career before 3pm before having to pay a premium to be able to do so?

can we do something about single supplements that we are charged at hotels? hotels, chris lines, anyone who offers accommodation, as you know, you pay for the costs of the room, so if you are a solo traveller you are paying the same cost as two people sharing the cost of that room and socialising the costs between the two of them, so the more people can think about how to welcome our solo travellers and, in particular, female travellers, there is a safety concern to some extent for women travelling alone and it's nice to know that, you know, we are not walking a mile and a half away from the elevator to find a room late at night or early in the morning, having things more accessible and easier to access is really what people should be thinking about. and you can see more of this programme right here on bbc news. talking business will be airing here in the uk at 1130pm on saturday and in the rest of the world it's on from 2230gmt on friday.

the premier league kicks off later today — with the first match between manchester united and fulham. of course it's the world's biggest football league and by some way the wealthiest too. the teams are now bringing in an average revenue over £300 million — that's over £6 billion or $7.7 billion — across the whole premier league. and of course much of the revenue comes — not from ticket sales — but from sponsorship and other revenue streams. i'm joined by tom gent, ceo of founder creative. tom, welcome to the programme. many of the money man and obviously businesses will be rubbing their hands with glee, lust, they are saying, sponsorship and what else? what the money generator fourfoot? i the money generator fourfoot? i think ticket sales is obviously a huge sale for football clubs,

you know, having superstar players on the pitch is going to generate gate receipts and also showed sales. so having superstar players on the pitch for that. obviously, of the pitch lots and lots of commercial opportunities, there are lots of brands who want to join a partner with a club because of the plain talent they have. so it's — there is a huge global thing where lots of global brands want to get on board and there is lots and lots of opportunity to generate that income for these clubs. so is at the club that attracts the money or does the money follow the player?— follow the player? yeah, i think it is _ follow the player? yeah, i think it is possibly - follow the player? yeah, i think it is possibly both. l follow the player? yeah, i- think it is possibly both. when you look at the huge clubs around the world they are always going to attract the biggest players, but i think when you have a superstar player, you look at someone like cristiano ronaldo of the last 10—15 years, linnell messy, but rinaldo with his social media follow and ——

following and things like that, having a play late that are your club is going to attract in major sponsors and major brands who want to be a part of that. 50 brands who want to be a part of that, , ., ., ., brands who want to be a part of that. ,, ., ., i, that. so you have got your branimir _ that. so you have got your branimir hrgota _ that. so you have got your- branimir hrgota sponsorships, what is on the yes and what is on the no list in terms of collaborations between players? i think is a really interesting one, because, you know, obviously when a playerjoins a club there is often, you know, you are contractually obliged to go and work with certain sponsors and sometimes they may not be that engaged with that sponsor and that brand. so that is always a little bit, can be a little bit tricky. i think where it really works is when a player is really vested and interested in a brandan we see that with a loss, there are social media channels now, where a player can work with the brand directly that they are interested in and brands talk about these co—authored relationship where you can almost tell that the player

cares about the brand and vice—versa and you get a much better relationship, and ongoing relationship that will last many seasons. so it's a bit of an interesting one between being wheeled out to do a performance, guess, for your club and a personal deal that you are interested in. fik. club and a personal deal that you are interested in. 0k. tom gent, you are interested in. 0k. tom gent. thank— you are interested in. 0k. tom gent, thank you _ you are interested in. 0k. tom gent, thank you very _ you are interested in. 0k. tom gent, thank you very much - gent, thank you very much indeed. let's look at markets, because as many of you recall, we were talking about extreme volatility in the stock markets last week — especially in japan. and today's its main index nikkei 225 is rallying. and if we look at the markets with mariko oi, our asia business correspondence, she is there in the harbour. it's not looking too bad, is it? you are still in green, and was waiting for you to come into vision.

laughter. i thought they had run out of green outfits and i found the last one! and they have green nails as well, so going really, really well. in all seriousness, the nikkei 225 for the has risen nearly 8%, which would make it the best week in more than four years compared to 5 august, monday, when the index fell by 2.4%, it has actually risen 20%. that's because last monday's meltdown was notjust triggered by the jump was notjust triggered by the jump in the value of the japanese yen because of the surprise rate hike by the country's central bank, it was also triggered by concerns over the us economy following the job stated that came in a lot weaker than expected, but the latest data from the us on retail sales is investor split was concerns which resulted in a rally on wall street. asian markets are taking their cue from them as well. the japanese market, the japanese yen has weakened slightly so that is helping exporter shares as well as it makes the product cheaper

abroad. but while they have clawed back all the losses from that 5 august, it is still well off an all—time peak of over 42,000 that it reached only a month ago, so i shall keep my green and alison l.— green and alison l. 0k, good for you. _ green and alison l. 0k, good for you, mariko, _ green and alison l. 0k, good for you, mariko, thank - green and alison l. 0k, good for you, mariko, thank you i green and alison l. 0k, good l for you, mariko, thank you very much. nights out appear to be going out of fashion as growing numbers of nightclubs and bars close their doors for good. according to the night time industries association, the uk is losing one club every two days. nightlife entrepreneur asher grant is trying to lure people back out by turning the traditional nightclub model upside down, he's making his first move into restaurants with the launch of pirana — the offer is a blend of entertainment and dining, otherwise known as a �*clu bstaura nt�*. i hope i have said that correctly. and hejoins me now. hello and welcome to the programme. hello and welcome to the programme-— hello. this new venture, how is it

going? so far very well. it is a category that has done well in other cities, miami, dubai, paris, even the ski resorts, the clubstaurant or festive the clu bstaura nt or festive dining the clubstaurant or festive dining or elevated dining, whichever name years, it is something the market is looking to move towards, how can somebody go out, have dinner, sit down, have a dance, and be home in bed by 1am? i think that has a big difference for them when it comes to celebrating and then going to a nightclub where you are committed until 3am or 4am, the costis committed until 3am or 4am, the cost is traditionally much higher, so we are maybe just two months in and so far it has been a really receptive welcome from a lot of our clients, which has been nice. i from a lot of our clients, which has been nice. i don't want to give _ which has been nice. i don't want to give away _ which has been nice. i don't want to give away my - which has been nice. i don't want to give away my age, l which has been nice. i don't i want to give away my age, but as a student a studied abroad and, yes, there was nightlife and, yes, there was nightlife and we went clubbing and what have you, this is not new. i was in europe. is the ukjust

in this? was in europe. is the uk 'ust in this? ., ~ was in europe. is the uk 'ust in this? . ,, was in europe. is the uk 'ust in this? . ~ ., in this? yeah, i think part of it is that _ in this? yeah, i think part of it is that london _ in this? yeah, i think part of it is that london has - in this? yeah, i think part of it is that london has got - in this? yeah, i think part of it is that london has got so l it is that london has got so many incredible markets. we are not like a traditional city like las vegas, which isjust for the conventions and the nightclubs and the parties, we have so much going on that nightclubs don't always take a centre stage and i think that that innovation therefore has sometimes late, but you're absolutely right, this is something we saw a in the market in london, we saw that we could expand our ecosystem and bring something fresh and original, but it has absolutely been around for 5— eight years really successfully in many cities around the world, the take—up just hasn't quite happen in london yet. {lilia happen in london yet. 0k, there's a — happen in london yet. 0k, there's a balance, - happen in london yet. 0k, there's a balance, isn't - happen in london yet. ok, there's a balance, isn't there, those with a budget for drinking and then you've got those with a budget for the eating. has that become a bit of a challenge for you to strike the balance? definitely. we're always _ strike the balance? definitely. we're always trying _ strike the balance? definitely. we're always trying to - strike the balance? definitely. we're always trying to be - we're always trying to be responsible with our pricing.

the goal is never rip anyone off. you want people to leave feeling like they have had great value. i think in the economic climate of the state of the world at the moment people are more careful about how they spend their money and so the cream will rise at the top and ourjob will always be top and ourjob will always be to offer the most unique and valuable experience for the money. but we find that people are always looking for something. so if you can bring something. so if you can bring something that is fresh and original people are happy to pay the money. but, of course, you always want to be responsible what that cost looks like stop nighttime industries association, they say that the uk is losing one club every two days, what is that telling us about the uk? as we said at the beginning of the call, the market is changing. there will always be students turning 18, 19, wanting to go to clubs. and of course my venues all operate in mayfair in london, one of the most affluent areas in the uk,

but regionally i think it is really hard for clubs. i think the rents are continuing to go higher, the supply costs are always increasing, the rates are increasing for any financing if people have done that and, you know, we're competing against other cities a major way. travellers cheaper than ever, phil gallo to another city and have an amazing experience and maybe not spent is a money at home anymore. it's definitely a tough climate and, komula, like i said, the cream will always rise, it will get harder and harder to make profits, i think what you'll find is more and more venues, bear nightclubs or restaurants or whatever it has to be, they willjust try restaurants or whatever it has to be, they will just try to constantly innovate to bring something new and fresh for their clients.— their clients. can i doublechecked - their clients. can i l doublechecked very their clients. can i - doublechecked very quickly, their clients. can i _ doublechecked very quickly, i have 22nd, when we say clubbing, we're talking about dancing, or has it changed now? it is still dancing at all of our venues.— our venues. laughter. 0k, thought _ our venues. laughter. 0k, thought it - our venues. laughter. 0k, thought it would i ok, thought it would doublechecked. thank you very much indeed. it has been a while since i have hit the dance floor. do stay with us.

we have all the latest on the big stories that are making the headlines around the world. i will be back with you with those shortly. this is bbc news. hello there. the summer holiday season is in full swing, and if you have plans for the weekend, well, it looks likely that the weather is going to behave itself. it will be largely dry, sunny and pretty warm. now, we have got a little bit of rain clearing away from the south and east as we speak and this area of low pressure to the far northwest. that's at risk of driving in a few isolated showers, chiefly to the northwest of the great glen, and here, a brisk wind with it as well. but elsewhere, a lot of sunshine. any early morning residual cloud will ease away from the kent coast. the sunshine break through and temperatures should peak between 15 and 20 degrees in the north, highs of 25 in the south. that comes at a cost if you are a hay fever sufferer.

certainly, across england and wales, we are likely to see high pollen levels through friday afternoon. but as we go into the start of the weekend, we'll have clear skies across england and wales. still a bit more of a breeze and a few isolated showers to the far northwest. but that means during the early hours of saturday morning, under those clear skies, temperatures will fall away to single figures in a few spots. so a slightly fresher, more comfortable night for sleeping. but we've got high pressure building in from the south and west, quietening things down. again, that low to the far north could still drive in just one or two isolated showers, but on the whole, it's a dry picture for many of us through the weekend. we will be chasing cloud amounts around, particularly with that southwesterly wind. some cloud lapping onto west—facing coasts. here, not quite as warm, but these temperatures are where they should be really for this time of year, ranging generally from mid—teens in the north to the mid—20s in the south. then on sunday, scattered showers are likely to be continuing into the far north and west, maybe one or two through the irish sea — very fleeting, few and far between. we keep the sunshine for most. and once again,

if you are planning any outdoor activities, the weather should behave itself. then into next week, there is a potential for weather fronts to push its way into the far northwest. just how much rain we'll have in the southeast corner is really subject to question. here is where we're likely to see the driest of the weather, but a little more unsettled further north and west, and as a result, not quite as warm. take care. bye— bye.

good morning. welcome to breakfast with naga munchetty and charlie stayt. our headlines today... matthew perry's live—in assistant and two doctors are among five people charged following an investigation into the actor's death from a drugs overdose. weapons out! weapons down! we have a special report with a new police team in bristol on the front line of the fight against knife crime. officers have just stopped this car in a bristol suburb. they have searched it and retrieved these enormous knives. scientists explore a small group of scottish islands

for the secrets of evolution from the time when the earth was covered in ice. good morning. is it the end of the saturdayjob? new figures show the number of working teenagers has halved in the last 20 years. i'll have the details. after three months, the premier league is back tonight — with manchester united hosting fulham. their rivals, manchester city, begin the defence of their title on sunday, as they go in search of an unprecedented 5th successive league trophy. and good morning. some early when to clear away from the south east. for most of us are fine and dry daily sunshine. a few blustery showers over scotland. all the details for today and the weekend throughout the programme. it's friday 16th august. five people have been charged in the united states over the death

of the friends star, matthew perry.