for more i'm joined by russ mould, investment director, aj bell. by russ mould, investment hello. b russ. b russ mould, investmen- ., mm hello. b russ mould, investmen- ., can hello. hello. iwonder if we can start — hello. hello. iwonder if we can start off— hello. hello. i wonder if we can start off with _ hello. hello. iwonder if we can start off with kamala i can start off with kamala harris. . from what we heard today, what direction, or what indication is her investment plan for america going to look like if she becomes president? there was not a huge amount of detail provided, there was a comment about a tax cut middle—class americans, flexible to help them out of what has been a difficult time with inflation, and probably even more detail in what she said the week before in terms of child tax credits, getting a housing boom going, providing tax credits for first—time buyers and rising corporation tax but there wasn't much comment on the current tax plan of the binding of ministration for raising taxes in some areas which some have called a 5 trillion spent. not a lot of there. i u

joining me now is investment director at aj bell, russ mould. it's the first time in profit for deliveroo which is now seeing off its rivals as the market leader in the uk food delivery space. it was £83 million in lost for the first six months last year. it is now reported a profit. how? it first six months last year. it is now reported a profit. how? it has lost well over _ now reported a profit. how? it has lost well over $1 _ now reported a profit. how? it has lost well over $1 billion _ now reported a profit. how? it has lost well over $1 billion since - now reported a profit. how? it has lost well over $1 billion since it - lost well over $1 billion since it was founded, i can date back to her account to 2016, probably close to $2 billion. it is adapted to an extreme competitive market and withdrew from certain arenas like australia, spain, netherlands, focusing on where it has a better market position, very smart. it is now delivered new sources of revenue which were not there a while ago. it has good advertising revenue from partners, del

joining me now is the investment director at stock brokers aj bell, russ mould. ppears quite dramatic. why has this market sell—off continued at pace on monday? i think, the first question, the first point to remember, is where we were before this started. japan was that a record high, america was at a record high, the technology shares in particular had had a brilliant performance. we have had a sharp rise and even with the losses that we have had, the nasdaq is back to work was injune, japan to work was in the last year. markets have been pricing in, cooling of inflation, a soft landing for economies and interest—rate cuts from central banks. that is a dream scenario, makes everything look wonderful, but any deviation from that perfect pap, thatis any deviation from that perfect pap, that is when you get trouble. the rate cuts are not coming through as quickly as expected and now we have these worries that may be the us economy is not as strong as everybody hoped. figs economy is not as strong as everybody hoped.— economy is not as strong as everybody hoped. as p

russ mould is investment director at aj bell.hat bounce in us retail sales, does that suggest that however bad american consumers have been feeling in recent years, that sentiment is on the turn? it could be. there were quite a noisy set of numbers, there was a rebound in automotive sales, that could be due to a hike in a major dealer, they could be a bounce because of the technical factor but it is stronger than expected. the industrial production number was poon industrial production number was poor, the national house—building survey was poor, which is a big driverfor survey was poor, which is a big driver for the economy. the survey was poor, which is a big driverfor the economy. the picture is mixed but the gdp forecast for the third quarter is still 2.4% annualised growth, pretty healthy still overall.— still overall. governments of all colours tend — still overall. governments of all colours tend to _ still overall. governments of all colours tend to only _ still overall. governments of all colours tend to only want - colo

joining me now is investment director at aj bell, russ mould. od delivery space. it was £83 million in lost for the first six months last year. it is now reported a

live now to russ mould, investment director, a] bell. good to have you with us.ose coal, wasn't it? it was, the policy committee, nine people, the vote was five — four so the bank of england governor i5 four so the bank of england governor is barely having the casting vote so it wasn't by any means a clear—cut decision. that also reflected on how the bank of england was very careful to avoid any suggestions and start rolling out a quick fire, of interest rate cards and will continue to proceed with caution.- proceed with caution. service sector remaining _ proceed with caution. service sector remaining sticky - proceed with caution. service l sector remaining sticky comedy thing that's why he was cautious because it is interviews that are game afterwards, he barely 5eem interviews that are game afterwards, he barely seem to suggest that he was going to happen but didn't want people to read too much into it for another rate cut? i to read too much into it for another rate cut?— another rate cut? i think proceed _ another rate cut? i think proceed with _ another ra

let's talk now to russ mould, investment director at aj bell. hello to you.a day makes. it is minute by minute when it comes to markets. focus on what we can this week.— can this week. the three bi est can this week. the three biggest numbers - can this week. the three biggest numbers we - can this week. the three | biggest numbers we have can this week. the three - biggest numbers we have coming up biggest numbers we have coming up this week other federal american federal budget deficit for the last month which is due out today, that might not sound important but that is when the us economy is doing well. so what happens if the economy slows down and meet the worst fears, america will find herself with a debt problem. we have british and american figures wednesday and that will help shed monetary policy, and economic slowdown in they want central banks to cut interest rates to give them cheaper money with which to play. we have american retail sales on thursday, a lot of anecdotal evidence when it comes to starbucks, air bmb and disney, american consumers fe