market analyst peter maguire says if chevron strike issues are not solved soon, they will have a bigmpact. you've got 500 workers, two major plants, and they produce around 5% of global supply. it's a major impact and certainly asia would be... ..would feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we saw recently. what will be the impact on the central bank? as far as central bank's concerned, we seeing hopefully retail sales fairly strong. if that's not a bad point, normally a good point, but it could further inflation, we are expecting inflation to come down. that could be a good sign next tuesday with no rate rise. but we've got to wait to see how that number drops. it's coming out in a few hours. the target is 2—3%. what range are you expecting the number to come in? between the area... if you're looking at annual rate, you're at 5.2 forjuly, down from 5.4 injune. that's year—on—year. i'm thinking maybe low twos would be a great number, mid twos. we've got to see how that drops. it's very much in

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peter. john maguire is there for us this. morning, john.lloons, about _ morning. yes. you can see the balloons, about 50 _ morning. yes. you can see the balloons, about 50 or - morning. yes. you can see the balloons, about 50 or 60 - morning. yes. you can see the. balloons, about 50 or 60 ticking morning. yes. you can see the - balloons, about 50 or 60 ticking off this morning. there was one shaped like a bearfrom taipei, taiwan. there shaped balloons are more difficult to fly so when conditions are iffy you will not see them. that huge square billion, that would be like driving a bus compared to a race car. you will see pink ribbons on all of the balloons. that is in memory of pete, his name was mentioned in the pilot briefing this morning and of moment of reflection. racing balloons especially as a very tight—knit community so pete's death has been very heartfelt. —— has been felt very hard. if ever, anyone was born to fly, it was pete gregory. a third—generation hot air balloonist and also an airline pilot, he lived his life in the skies

after sturgeon's husband, peter murrell, was arrested six weeks after she had quit . after she had quit. >> well, joining us now from rutherglen is our scotland reporter tony maguirejust tell us why you're in rutherglen today . rutherglen today. >> good afternoon. well rutherglen, as our viewers will know by now, is that to going be the site of the hotly contested by—election? probably around october after margaret ferrier lost the recall petition in order to replace her as a member of parliament in westminster. now scottish labour and the snp have been hot on the trail around this constituency trying to get into the company of voters to spread their message for when that all important byelection comes around. now helping out snp candidate katie loudon today is going to be westminster leader of the snp steven flynn. he is up and going to be hitting the beat with katie loudon this afternoon and he'll be speaking to journalists and hopefully be able to shed a little more light on these rather fascinating figures that have come out over credit card spending in the last few days. of course, we ran with this story quite a lot yesterday just to maybe refresh the minds o