new presidential nominee. and the chief executive of airbus talks about the challenges facing europe's aerospace giant. hello, and welcome to business today. i'm arunoday mukharji. the us vice president camilla harris has launched his her pitch to become the new aquatic presidential nominee afterjoe biden pulled out of the weekend.— biden pulled out of the weekend. ,, ., , , . weekend. she delivered a speech in the last hour _ weekend. she delivered a speech in the last hour to _ weekend. she delivered a speech in the last hour to party - in the last hour to party campaign staff added event in delaware. in campaign staff added event in delaware. , ., delaware. in the days and weeks ahead i, together _ delaware. in the days and weeks ahead i, together with _ delaware. in the days and weeks ahead i, together with you, - 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.— this election. and is part of those efforts, _ this election. and is part of those efforts, donations i this election. and is part of. those efforts, donations have

been pouring in and collectively have raised over $100 million. kamala harris still needs to win the nomination at the upcoming convention next month. i've been speaking to a market expert if this reshuffle will change the scenario for investors? it change the scenario for investors?— change the scenario for investors? , g ., �* investors? it will be joe biden art two investors? it will be joe biden part two didn't _ investors? it will be joe biden part two didn't know- investors? it will be joe biden part two didn't know material| part two didn't know material change in the outline of the execution but what i think the market cares most about if you are looking at the historical data is are we going to have mixed rule meaning will the house and senate and executive branch albeit one party? the advent of kamala harris into the picture speaks to a probability that even if democrats do not win the executive branch all the republicans when the executive ranch it is no longer a foregone conclusion that it will be a sweep and what the market is like, what markets like, whether you have a democratic or republican president is gridlock. they like to see checks and balances, that is the culture

of american politics and markets. and stocks do better in the us when parties do not control the executive the senate and the house of representatives and i think what we saw with the change is that the probability of a sweep has narrowed in the market like that. . . . . , has narrowed in the market like that. . . . ., , that. kamala harris has previously _ that. kamala harris has previously worked - that. kamala harris has previously worked with | that. kamala harris has - previously worked with silicone valley which has recently thrown support for donald trump. but will this bid sweeten investors towards the democrats? it sweeten investors towards the democrats?— democrats? it is hard to say. peole democrats? it is hard to say. peeple who _ democrats? it is hard to say. people who have _ democrats? it is hard to say. people who have publicly - democrats? it is hard to say. l people who have publicly made endorsements will probably stick with a public declaration and the monetary declarations. it certainly doesn't move things in a centrist point of view meaning there are now more options for people who felt perhaps several days ago they had fewer options when they go to the pollen november. 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 and a lot of movement in those polls over the next few months as it relates to stop market performance however what the stock—market wants to see is gridlock so markets tend to like when politicians can do less, not more. 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 correspondent erin delmore has the latest. if you looked at 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 content update. that lead to chaos for global travel, banking and health care services, and firms are struggling to recover. us—based delta airlines cancelled thousands of light since friday. other carriers were able to return to near normal levels of operation. shawn henry called the incident a gut punch for the firm, which serves some 29,000 customers including some of the biggest companies and government agencies around the world. meanwhile shares of us chip maker, nxp semiconductors are plunging in afterhours trade, after forecasting third quarter revenue that was below market estimates. they focus on semiconductors for the auto sector, and say demand is slowing. nxp is also concerned about disruptions from rising geopolitical risk.

google will display a prompt asking users whether they accept use of cookies to critics of cookies call it an invasion of privacy while online publishers say that banning the practice gives google a monopoly on that data. tiktok is once again in the news headlines as former president donald trump says he will not ban the app if elected in november after previously saying otherwise. the chinese parent company by dance has been under regulatory scrutiny in the united states and european union due to security concerns. but here in southeast asia its three—year—old e—commerce platform has our paste rivals with sales quadrupling to more than $16 billion last year. momentum works recently did a study on the app and the ceo told me about the secret to the success

of tiktok. i about the secret to the success of tiktok. ~ , about the secret to the success of tiktok-— of tiktok. i think they have been very _ of tiktok. i think they have been very determined - of tiktok. i think they have been very determined in i been very determined in e—commerce in this market and over the last three years they made much investment over different in markets in southeast asia and another advantage they have is that they have a lot of users and they have a lot of users and they want to convert those users into e—commerce and so far they've done a good job. when you talk about users, what kind of shopping habits have you picked up when you did that study and how do the e—commerce platforms adapt? study and how do the e-commerce platforms adapt?— platforms adapt? what we see on tiktok shop _ platforms adapt? what we see on tiktok shop which _ platforms adapt? what we see on tiktok shop which is _ platforms adapt? what we see on tiktok shop which is different - tiktok shop which is different from other platforms is that a large portion of the shopping started with cosmetics and skincare which is different from what you normally see such as electronics so live commerce and tiktok it gives people a chance to demonstrate how to apply skincare and was medics and that is the entry point and then they gradually add other products into the mix. tiktok

has been facing pushback from the eu. and from you in the us. how do you see it factoring into the strategy? tiktok is focused on pushing into the us and they have sent a lot of executives to the us. they do not know what will happen after elections but they will work towards making tiktok shop viable and drillable in the us. southeast asia is a market like with a reasonable scale and they can make a profit if they want to. 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 than 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. and a lot of your problem is coming from the suppliers, they can't give you what you need. how frustrating 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 todays 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? 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

to see that 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 rapprochement between the two, is that something you welcome? indeed, we are a bridge between the continental europe and 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. a deal needs to be done? we will see, that's the very political in nature, but we will support it anyway.

hey, i'mjulia with the catch up! tonight — the secret service gets a grilling, olympians arrive in paris, and is kamala harris willing 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. on 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 lebron

james 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 olympics 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, and for the world to see a rather different curtain raiser — on the water.

we will have an opening