hello, and welcome to viewers in the uk and around the world. i'm tim willcox. shortly we'll be crossing to the white house where president trump is expected to hold a news conference. it is scheduled for now but he is often a few minutes late. we will be crossing to that because it follows joe biden, presidential candidate, making a very strong campaign speech earlier today. blaming donna chung for a divided nation. —— donald trump. law and order very much a campaign issue at the moment. joe biden had intended to start his campaign and proper in a few days‘ time but had been brought that

forward because of the attacks made by president trump recently on the democrats reputation and history of law and order, the two states where there's been a lot of writing the last couple of weeks. democrat—controlled and president trump is attacking the governors of the states. but before that, it's time for us to take a first look at the national and international front pages in the papers. hello, and welcome to our look ahead to what the the papers will be bringing us tomorrow. i'm joined by susie boniface, columnist with the daily mirror & rachel cunliffe, comment and features editor at city am. iam hearing i am hearing some beeping. i hope thatis i am hearing some beeping. i hope that is the right picture. we have with you there.

tomorrow's front pages starting with... the mirror's front page says headteachers have spent as much as 216 million pounds after adapting schools for children in the uk. meanwhile the is front page focuses on the work schools are facing here to help students catch up on their work. the telegraph also leads on that story — adding that the government is considering delaying gcse and a—level exams next summer to give children the chance to catch up on lost lessons. the japan times reports on the lifting of lockdown restrictions which had prevented foreigners from entering the country. le fiagro looks at pupils returning to school and workers going back to work amidst new rules on wearing face coverings in france.

back in the uk, the guardian features warnings from charities calling for urgent, targeted support to help young people in deprived communities as the gap in progress between the richest and poorest widened during the lockdown. welcome to you both. shall we kick off with the ft. susie, there is this big gap between the stock markets and the economy, global stocks soared during the hottest august for decades. yes. boy somebody come is in there, who will cash in. you could tell any kind of crisis people coming of the woodwork to start speculating and earning money the way that we do in a capitalist society. that is to be

expected. what is interesting is to ask ourselves how long this will last. how much is dependent upon government around the world keeping interest rates really low. and the fa ct interest rates really low. and the fact is perhaps the traders have not quite yet caught up with the way the world economy has made a handbrake turn has there's been a lot of talk about economic armageddon and it is collapsing and everything is awful, what is actually happening especially in western developed economy is everything a sped up immensely, trends that we saw before about working from home in a hybrid working and more self employment and so on working and more self employment and so on and moving out of office space, it is sped up exponentially. centuries worth of economic change and likea centuries worth of economic change and like a week at the start of the pandemic. now although we are coming to the end of lockdown and hopefully adding to the pandemic now, there area adding to the pandemic now, there are a lot of things that have changed permanently. some people who are want to return to the workplace and there's a lot of businesses who

have found that they can keep their costs low by cutting the office space. they don't need it so much now. when and if those companies do start getting out of their rental lease agreements in the city and the square—mile around the world, you will find there is an awful lot of investment banks who have pumped billions and billions of pounds into office space and city centre areas which is suddenly worthless. and thatis which is suddenly worthless. and that is going to have a huge impact on the economy come a lot further down the line. memories of 2088 into the other nine. rachel, i suppose the other nine. rachel, i suppose the other nine. rachel, i suppose the other driver of all of this is most essential banks are saying interest rates will be zero or negative. —— memories back to 2008 in 2009. this is cheap and borrowing terms. that exactly what seems to be driving this right and equities which is says that shop up drive since 1986. —— —— sharpest drop. and

interest rates were no longer a factor and beginning to rise, some of these decisions have to be a rethought. on the topic of some people making money in a crisis, i completely agree that this is not necessarily mirror what we are saying in the real economy. that is concerning you have a morgan stanley a nalyst concerning you have a morgan stanley analyst in the article saying that the level of dissonance is disturbing, why is the stock market not reflecting some of the fragility and the real economy? the other strong quote, the mother of all melt ups. yes. we don't know how long it will last. but in terms of people making money, we don't like banks and investors making money, but we don't like them losing it either because we have a stock market crash in addition to everything else that we see at the moment, that has real implications for the real economy. so it is not necessarily a bad thing

that the stock market is doing well, what is concerning is that disconnect and as noted in the article, two big events, to watch out for, when is mid—september, jackson hole, the meeting of central bankers where we will get a clear indication of how long those interest rates will last. and the second probably more interesting for many viewers will be a course the us presidential election in november, the uncertainty around that and particularly the uncertainty at the result is close or contested. because that could lead to clinical deadlock in the us for weeks or months and as we know, that kind of political uncertainty will spread internationally. business standard in the real world, what is really happening with the economy. gdp in india shrink set a record 23.9%. some of the worst figures on record. it made me think that our figures we re it made me think that our figures were 20%. so not a lot higher than

us. were 20%. so not a lot higher than us. exactly. it is kindness the same story being repeated around the similar crunches that have happened in turkey, the states, china, and theissueis in turkey, the states, china, and the issue is that whether we have what is been branded about as recent recoveries or w shared recoveries, but that period in which you have that fee or w or anything else depends upon when the pandemic comes to an end. when there is either iq oi’ to an end. when there is either iq or the blood goes away all by itself. we have no idea when that is. -- itself. we have no idea when that is. —— or the bug will go away. what you will have it they slump until there is a turning the pandemic. or would you get used to living with the pandemic. those are the two options. either wait to recover until after everything is over if thatis until after everything is over if that is not christmas or after this winter, if it is longer than that, oi’ winter, if it is longer than that, or whether we will have to just get back things moving again as much as we can. to be honest, a lot of the changes that we've seen in the way people have altered their lifestyles

and lives, for example of the commuters who went into london were thought to spend about £60 billion a yearin thought to spend about £60 billion a year in the london economy. now they learned that economy will suffer as like of the office workers and commuters are not going into the city. —— the london economy will suffer. but they will spend huge amounts of money in the regions they we re amounts of money in the regions they were committing from so other people will benefit the long—term effects of these economic changes will think ta ke of these economic changes will think take a long time to see. you're seeing this around the world, sending raw materials elsewhere, we can have a recovery in the uk and still had the effects of a global recession perhaps elsewhere in the world. we are joined by viewers from bbc world, so a lot of interest in this, within india, these figures could have been a lot worse it seems had not there been a better—than—expected agriculture pick—up and the fact that the monsoons haven't been so bad this year. yes. opossum economy is hugely

dependent on agriculture and therefore seasonal factors and they have been somewhat lucky this year. the other thing that has cushioned india's number somewhere is the rise and government spending. so consumer spending down significantly by the government spending is up 16% and again that is something that you will see mirrored across multiple countries when i consumer demand has halted either because of consumer choice or because of the new social distancing rules that required businesses to close and people to not go about their daily lives and the way they would've done most government has stepped in with unprecedented spending in the uk and india and the us across the world to try and cushion those affect somewhat so that is what is dampened it. i think we will have to start having a wider conversation about how the pandemic has affected countries outside of china, the us and europe. india included, developing economies, 1's very reliant on terrorism was that we talked about the impact on uk aviation business and terrorism

places. —— a very reliant on terrorism. what happens if the virus grows and is transmitted in developing countries? —— very reliant on tourism. do they have the health care capacity to cope with it? can we help them? i think we would all say we have a moral duty to do so. back to school for children. and mps, some might not draw a children. and mps, some might not drawa link children. and mps, some might not draw a link between the two. we have the headline here, people to face exa m the headline here, people to face exam delayed next summer. now the government is not quite so much of a u—turn as it seems because gavin williamson said the exams would go ahead and would consider it approach. but this is been pushed by labour and the last 12 hours or so. we can probably agree that whenever the government has about anything in the government has about anything in the last 2a hours will change at some point in the next 48. this

the last 24 hours will change at some point in the next 48. this is a grand case here of disconnection because we have the front page and the telegraph a story about how we may have to delay exams next year by one month, elsewhere the mirror is reporting that schools are having to spend £200 million, i think of £1 billion come out of their teaching budgets to make the schools covid—19 ready for reopening! the metro is reporting that children will take three months just to catch up and the poor schools in poor areas and boysin the poor schools in poor areas and boys in particular are further behind. but the government to respond to these problems, by saying we will just delay respond to these problems, by saying we willjust delay exams by one month, it is not going to label anybody to catch up and enable schools to catch up if they would spend £200 million... but confusion for about this. i thought there was £1 billion but aside for covid—19, andi £1 billion but aside for covid—19, and i were split between exit tuition and preparing the schools. presumably that means heads as to

apply for the money. is that where the disconnect is then?|j apply for the money. is that where the disconnect is then? i haven't read the inside story in the mirror soi read the inside story in the mirror so i can't tell you. just what the government announced a few weeks ago. can you help us on that, rachel? on the level of spending i think linking issue that numerous sectors are finding is the government promises money and makes big headline announcements in the details about how people actually get it whether they are schools or hospitals or trusts or businesses, the devil is in the detail and it can be a lot more hoops tojump through and they need the money now and prepare to schools right now because the children are going back tomorrow. but in terms of children catching up and being behind, they have missed three months of school if that is in a level or gcs ecorse, a fifth of all teaching time. and we know the level of home—schooling and learning different usually for a people to people from region to region, depends on the school and a lot on the affluence of family and do they have the equipment and

broadband that enable the child to learn at home, they have been massive variations so i think the government needs to take responsibility for the fact that social mobility, the gap has widened during lockdown and inevitably so but i also think the education community is not completely thoughtless either. i was in may about the mental health impact on children of being out of school and also by teachers and teacher unions that it did not matter and that a month miseducation would not make any difference in any way they all had remote learning of all learning by microsoft teams and zoom and obviously that was not the case and we are now seeing obviously that was not the case and we are now seeing just how much it is not the case and how much those children at the lower end of the income spectrum are being left behind. ithink income spectrum are being left behind. i think the teaching unions should take responsibility of the fourth of and the disadvantage is so far away from those for more comfortable backgrounds. let's go to the next april. head teachers,

schools facing huge test. the full court at the bottom, head teachers urging government to drop plans to find parents for children absence. it'll be interesting to see how many kids do go back and have any parents have kept them back because they are worried. of course. there will be different reasons that some people may be half keeping the children back from school and the next few days. if you are from the family where somebody is vulnerable our children, you have extra reason perhaps to keep your child back from school if you think a child is doing well with remote learning, if they're in a at risk group, or if they're in a at risk group, or if they are younger and in a lower risk group, it will affect your decision. i have a four and half year old who is starting school and a week or two and i'm more than happy for her to go. she is at very low risk and there is nobody in my family or her contacts who she is going to potentially pass anything off onto a cost problem. it is fine. she is desperate to get to school and i'm desperate to get to school and i'm desperate to get her out of the house. laughter. all she is not listening at home. i