the sell—off continues for crowdstrike, after a faulty update crashed over eight million computers around the world. hello, and welcome to business today. i'm arunoday mukharji. a comeback on wall street after losses last week, with technology stocks recovering including those beaten down semiconductor shares. crowdstrike shares though continued to plunge after the global outage, with some companies still struggling to fully restore their systems. our north america business conrrespondent erin delmore has the latest. if you looked crowdstrike's stock performance last week before the worldwide it meltdown, you would've seen shares of a0%. but now, a different story. shares closed down more than 13% monday, marking a more than 30% drop

over the past five days. it's the result of what's being called one of the worst it outages in history. around 8.5 million microsoft windows computers around the world crash last week because of crowdstrike's faulty update. that lead to chaos for global travel, banking and health care services, and firms are struggling to recover. us—based delta harrell dutch delta airlines cancelled thousands of light since friday. carriers were able to return to near normal levels of operation. shawn henry called the incident a cup punch for the firm, which serves some 29,000 customers including some of the biggest companies and government agencies around the world. as you may have heard on newsday, us vice president kamala harris has launched her campaign pitch, to be the new presidential nominee, afterjoe biden pulled out of the race at the weekend. harris delivered a speech in the last hour to party campaign staff at an event in delaware.

so in the days and weeks ahead, l, so in the days and weeks ahead, i, together with you, will do everything in my power to unite our democratic party, to unite our democratic party, to unite our nation, and to win this election. our nation, and to win this election-— our nation, and to win this election. ., ., , ., , election. donations have been ”ourin election. donations have been pouring in _ election. donations have been pouring in and _ election. donations have been pouring in and they've - pouring in and they've collectively raised over $100 million, but harris still needs to win the nomination next month. i'v e i've been speaking to thomas about whether this will shift things up. about whether this will shift things urn-— things up. there'll be no chance things up. there'll be no change in _ things up. there'll be no change in the _ things up. there'll be no change in the execution. things up. there'll be no - change in the execution. what the market cares about, purely looking at historical data, it is, are we going to have mixed rule? meaning, will the house and senate, and executive branch all be one party? the advent of kamala harris into the picture speaks to a

probability that, even if the democrats don't when the executive branch or the republicans win the executive branch, it's no longer a foregone conclusion that it will be a sweep. and what the markets like, whether you have a democratic or republican president, is gridlock. they like to see checks and balances, the culture of american politics and markets, stock markets in the us do better when one party does not control the executive, the senate, and house of representatives. and i think what we saw with the changes that the probability of a sweep has narrowed in the market kind of likes that.— of likes that. kamala harris has previously _ of likes that. kamala harris has previously worked - of likes that. kamala harris has previously worked with | has previously worked with silicon valley, which has their own support for trump recently. we've heard from elon musk. but will harris's bid towards investors sway towards the democrats?— investors sway towards the democrats? it's very hard to sa . i democrats? it's very hard to say- i think _ democrats? it's very hard to say. i think people _ democrats? it's very hard to say. i think people who - democrats? it's very hard to say. i think people who are i say. i think people who are publicly made endorsements will probably stick with their public declarations and monetary declarations. it

certainly does move things in a more centrist point of view, meaning they are now more options for people then they felt perhaps several days ago when they go to the polls on november. but the odds are still similar to what they were prior to the weekend, and this is early days. so we will see a lot of change at a lot of movement in those polls over the next few months as it relates to stock market performance, what the stock market wants to see is gridlock. so markets tend to like when politicians can do less, not more.— like when politicians can do less, not more. thomas hayes s-ueakin less, not more. thomas hayes speaking to — less, not more. thomas hayes speaking to be _ less, not more. thomas hayes speaking to be a _ less, not more. thomas hayes speaking to be a short - less, not more. thomas hayes speaking to be a short while i speaking to be a short while back. now, to the farnborough airshow — the global gathering of the aerospace industry in the uk this week. for european aerospace giant airbus, its order book is full to bursting. meanwhile, its rival, boeing, is struggling to address safety and quality control problems. airbus is now unquestionably the dominant player for large commercialjets. but the european firm has problems too —

as its chief executive, guillaume faury, explained to our correspondent theo leggett. we are in a situation that is complex for everyone. the international situation is another complex one. a lot of our issues are coming from the supply chain, and that's probably something that's come to other companies. now there are plenty of differences, as far as airbus is concerned, we are trying to focus on our priorities, our customers, which is quite complex, finding what i call the sweet spot between a very strong demand and the ability of the supply chain to follow in a safe manner with quality at the centre. because the truth is at the moment, you've got more than 8000 planes, you're making them as fast as you can but you can't make them fast enough. indeed, we have more demand then we can supply. it's a demand driven market at the moment, and we are working hard with our suppliers to catch up

in this environment, so that the situation, more demand and supply. the situation, more demand and su -l . �* ., the situation, more demand and su . .l _ �* ., ., the situation, more demand and su--l.�* . ., ., the situation, more demand and su--l. . ., ., supply. and a lot of your problem _ supply. and a lot of your problem is _ supply. and a lot of your problem is coming - supply. and a lot of your problem is coming from | supply. and a lot of your i problem is coming from the suppliers, they can't give you what you need. how frustrating is that? ~ ., ., ., ., is that? we have to adapt to the situation. _ is that? we have to adapt to the situation. we _ is that? we have to adapt to the situation. we are - is that? we have to adapt to | the situation. we are helping our suppliers as much as we can. the vast majority of the suppliers are actually at the right pace, but when some of them are late, we have to adapt to those ones, therefore we are recusing our reports on what we call bottlenecks and sending people, trying to provide help to anticipate the situation, and we've increased the buffer stocks to be able to react to crises in the supply chain better then we put in normal times. so we have to face the reality of the two day market. you're a european company with extensive operations in the united kingdom. there's a new uk government — what are you asking them for, what do you want to see? irate asking them for, what do you want to see?— asking them for, what do you want to see? we are a european company, — want to see? we are a european company, and — want to see? we are a european company, and we _ want to see? we are a european company, and we see _ want to see? we are a european company, and we see the - want to see? we are a european| company, and we see the united kingdom as part of europe geographically. so that is a

country that is very important for us, we've been there since the beginning of the history of us, and it is very important to us. we are engaging with the new government, it is good to see that they will be dust there'll be stability in the years to come in the uk, and there are plenty of things to be addressed — i mention decarbonisation — but also challenges in the field of security, defence, space, and many others. it's good to have a government to speak to. there's a sense that there is more reproach meant between the two, is that something you welcome?— two, is that something you welcome? indeed, we are a bride welcome? indeed, we are a bridge between _ welcome? indeed, we are a bridge between the - welcome? indeed, we are a i bridge between the continental europe in the uk, and we want to remaina europe in the uk, and we want to remain a bridge, and it's good to see that there's appetite for a closer relationship in particular when it comes to the defence and security, which i think it's something we really need to do better on in europe. aha, something we really need to do better on in europe.— better on in europe. a deal needs to — better on in europe. a deal needs to be _ better on in europe. a deal needs to be done? - better on in europe. a deal needs to be done? we - better on in europe. a deal needs to be done? we will| better on in europe. a deal - needs to be done? we will see, that's the _ needs to be done? we will see, that's the very _ needs to be done? we will see, that's the very political - needs to be done? we will see, that's the very political in - that's the very political in nature, but we will support it anyway.

tiktok is once again in the news headlines, as former president donald trump says he won't ban the app if elected in november, after previously saying otherwise. its chinese parent company, bytedance, has been under regulatory scrutiny in the us and eu due to security concerns. but here in southeast asia, its three—year—old e—commerce platform has outpaced rivals shopee and lazada, with sales quadrupling to more than $16 billion last year. momentum works recently did a study on the app and ceo, lijianggan, told me about the secret to tiktok�*s success. i think they have been very determined in exploring e—commerce in this market, and over the last three years, they've made a lot of investment across a lot of three years —— a lot of years across asia. they also have a lot of users and they want to convert those users in the

e—commerce area, and so far they've been doing a good job. speaking of users, what consumer shopping habits have you picked up and how do tiktok�*s e—commerce habits match these? tiktok's e-commerce habits match these?— tiktok's e-commerce habits match these? ~ . �* , match these? what we've seen in tick-tack. — match these? what we've seen in tick-tock, which _ match these? what we've seen in tick-tock, which is _ match these? what we've seen in tick-tock, which is different - tick—tock, which is different from others, a large portion of the tiktok shopping started with cosmetics and skin car —— skin care, which is different than what you see which is normally electronics. it gives consumers a way to apply skin and cosmetics, which graduates into other products.— into other products. tiktok has been facing _ into other products. tiktok has been facing regulatory - into other products. tiktok has l been facing regulatory pushback from the us and eu — looking ahead, how do you see southeast asia fitting into that?— asia fitting into that? they've sent a lot _ asia fitting into that? they've sent a lot of _ asia fitting into that? they've sent a lot of good _ asia fitting into that? they've sent a lot of good executivesl sent a lot of good executives to the us, so they don't know what'll happen after the

elections but they are working very hard towards making tiktok viable and relevant in the us. in southeast asia, it's a market which has reasonable scale and they can make a profit if they want to. philippines president, ferdinand marcos, received a standing ovation during his state of the nation address, after saying he plans to ban offshore gambling operators. he called the online industry a grave abuse and disrespect to their laws. the industry is dominated by chinese players and comes as the philippines took a tougher stance over south china sea territorial disputes with the mainland. and that's it for this edition of business today. thanks for watching.

hey, i'mjulia with the catch up! tonight — the secret

service gets a grilling, 0lympians arrive in paris, and is kamala harris running for president? the us vice president, kamala harris, made her first public appearance after presidentjoe biden announced he was dropping out of the next election race and endorsing her as the democrat party's nominee on sunday. 0n the south lawn outside the white house, she paid tribute to biden, his family and his legacy while he's isolating with covid. in one term, he has already... yes, you may clap. applause in one term, he has already surpassed the legacy of most presidents who have served two terms in office. next — kimberly cheatle, the head of the us secret service, got a grilling from both the democrats and the republicans today. they pressed her about the assassination attempt

against donald trump at a rally on 13july, which killed one man, and injured three others, including trump himself. cheatle called it the most significant operational failure at the secret service in decades. she's faced calls from both sides to resign — which she's declined to do so far. and we'll leave you with ten seconds of olympic arrivals. yes, it kind of looks like freshers moving into uni halls, but it's actually hordes of athletes heading to their dorms at the olympic village in paris, and the countdown is on until the opening ceremony on friday. you're all caught up now — see ya! hello, and welcome to sportsday —

i'm gavin ramjaun. the countdown is on, as athletes arrive in paris ahead of the olympic opening ceremony this week. nba superstar lebronjames will be there for a fourth time, as he flies the flag for team usa. and cavendish calls it a day in the tour de france, after his record breaking achievements in this year's race. hello there, and welcome to the programme. the eyes of the sporting world have been darting around europe this summer. first, germany for euro 2024, then the uk had centre stage for wimbledon — and the open recently. but now, attention turns to to france and the start of the paris 0lympics this week. athletes have already been arriving in the city, ahead of friday's opening ceremony. very few sporting events have their build—up scrutinised as much as the games.

the french president emmanuel macron is ready for it,