frank russell says this is simply all about fair competition. so the idea that businesses, producers compete on the market. and if one has a better idea or becomes more efficient, they will garner more customers. but that idea of a level playing field would be disruptive if one company or one set of companies was getting an unfair advantage or a helping hand, particularly from a government that's but the european commission is a suspect. suspected was happening with chinese electric vehicle producers that were, that they were being on fairly subsidized by the chinese government and very for being able to under caught european producers. they therefore launched investigation into those suspicions a few months ago. and officials briefing us here in brussels of told us they discovered what they called a subsidies across the entire supply chase, where that was tax exemptions grants, access to critical role materials, etc. so therefore they've decided to move forward with these provisional targets which could come in in a few weeks and less of the so

the next friday russell reshuffle could lead to explosive trading and take advantage of excess opportunities. joining me now is degas wright. good morning, degas. >> good morning, frankgreat to be on with you. >> a big figure. $5.5 trillion in options expirations. also, one-third of nvidia options expire today. is this an opportunity or is this a moment for concern or maybe something else? >> we see this as a moment of opportunity because as we see with the atlanta fed sticky cpi at 4.3. we are seeing that it is above target and that this gives us an opportunity because there will be some easing in 2025. this is opportunity as we look at the overall markets. as we do our research around the group analysis that looks at expectations and valuations and profitability, we're seeing opportunities in reits, finance and also industrial sectors. >> i want to get to your picks in just a minute. i want to focus on something you are focused on. economic reports out today. one is the leading indicator report today. one is flash pmi. estimates for both reports show a slowdown. pmi reports from europe show a slowdown there. what does that mean for investors? what does that mean fo

frank to the pod, he came in to be, is israel at no cost to go to pieces? i think that to move in the f one, his government with these 5 digit, you say getting russell. they thought provoking. odd since the e you made weapons being used in gaza. no guns should be used in an offensive way. that's our facing realities. you're running. mean, what does he bring to the table? hard from being presidential? could we go to some we cannot take the effective use of the present as not that important factor? hear the story on talk to how does era, what is the effect of the conflict on the environment? the impact is so much more than just emissions from tanks, ships and will fight modern booth. it has a devastating effect on people and the department of defense is emissions is as large as many countries. and every time ministry spent and increasing military emissions increased. and this war and this find this christ, all hail the planet on a jersey to the colleges. here with the the, you're watching out. is there a time to recap, ma headlines now. is there any forces have carried out large scale attacks across the noise of guns, or leaving at least 20 full palest

russell in third for mercedes. the first stage of the tour de france was won by romain bardet — the frenchman coming home alongside his team—mate frank the hilly italian stage from florence to rimini. all the main continues for the tour title crossed the line within five seconds of each other. and that's all the sport for now. lots more on our website. we're keeping an eye on a germany— denmark game. dozens of firefighters, police and mountain rangers have joined what authorities had hoped would be a "massive search" on tenerife for missing british teenagerjay slater. they had also called for experienced volunteers to come and help, but by10am, fewer than a dozen members of the public had arrived at the meeting point. the 19 —year—old was last seen on the 17th ofjune in a national park on a remote part of the spanish island. police confirmed that today's search would go over much of the same ground as previous ones, but that it would be more intensive and detailed, making use of the extra personnel. earlier today police on tenerife gave an update on the search. they spoke about the difficulty of some of the terrain on the island. our

russell in third for mercedes. the first stage of the tour de france was won by romain bardet — the frenchman coming home alongside his team—mate franklian stage from florence to rimini. bardet takes the race leader's yellow jersey. just managing to stay ahead of the pack for the all the main contenders cross the line within five seconds of each other. you are up to date with all the sport. lizzie, thank you so much. we're keeping an eye on the football as well. 0—0 germany, denmark. iran is to hold a run—off vote this coming friday, after the hardline candidate saeed jalili and his rival massoud pezeshkian — who's seen as reformist. both failed to secure a majority in the country's presidential election. the vote is to replace president ebrahim raisi, who was killed in a helicopter crash last month. siavash ardalan from bbc persian — explained the differnces between the two remaining candidates. he believes the biggest issue facing around of the us sanctions which is desert stated that countries economy for years now. where as the hardliner, ultraconservative politician who is always had ambitions to become president, he is as far r