Divest its part in its company or it will be banned. So what were looking at now, this is the breakdown. We have the owners, bytedance with a 20 stake in the company. 60 is owned by Institutional Investors including Us Investment firms such as susquehanna and Sequoia Capital and 20 is owned by employees around the world. However, chinas, Secretary Has said they will oppose the sale of bytedance and seek to block a transfer of its technology. We heard from bytedance, from tiktok, rather, who said the media app ban would trample freedom of speech. Media app ban would trample freedom of speech. Thank you for getting freedom of speech. Thank you for getting us freedom of speech. Thank you for getting us across freedom of speech. Thank you for getting us across that, for getting us across that, monica. We will be watching developments in the middle east very closely after last fridays strike on a raft iran. Us officials have claimed israel was behind the Missile Attack on military targets in the city of isfahan, but israel officials have yet to confirm that. We saw some volatility in the oil price after the attack, but things have settled now. I spoke with renowned strategist david roche of independent strategy, and asked him how further escalation of this conflict could impact the Global Economy. Take a listen. I think it will give momentary pause to escalation in the middle east of the israelis what the israelis have done and there is no doubt that they were behind the strike, is that they have hit the Military Base close to isfahan but only about 110 kilometres away from the nuclear site. That is very significant because what they did was to wipe out the radar and anti aircraft defence missiles at that site which were missiles there to protect the Nuclear Facilities to the north. Israels messages very clear you fire 300 missiles at us, nothing happened, nothing hit. We fire missiles at you and we actually wiped out the defence of your Nuclear Research and of course creation of plutonium for bombs just beside that facility itself. That is a big message and the mullahs know it so i suspect they gave iran room to kind of say, oh, it was nothing etc etc but most importantly it gave them room to backtrack and they have duly done that because they realise their defence against what israel could do to them. How do you see this impacting the Global Economy . This conflict i mean . It looks like there is nos inside it will continue to rumble on. At moment it will probably quite down by the escalation in the longer term is baked in the cake because israel will never accept a nuclear iran. That is, an iran armed with nuclear weapons. Therefore in the longer run we will see the sort of conflagration which will cause meltdowns and the economic problems that go with that. But for the moment it is clear that israel has allowed iran room to back down but saying very clearly iran if you strike our territory, there is no more proxy veil of deniable responsibility. We rip that veil apart. You strike us and we will strike you directly on your territory in iran. What is the us � s role in this conflict given it is an Election Year . I conflict given it is an Election Year . Conflict given it is an election ear . ~ , Election Year . I think the us are satisfied Election Year . I think the us are satisfied with Election Year . I think the us are satisfied with that. Election year . I think the us are satisfied with that. The | Election Year . I think the us i are satisfied with that. The us role will remain defensive for israel but it will not take part in offensive actions like what happened over the weekend. That will remain the policy. That will remain the policy. That will remain the policy. That will give joe biden that will remain the policy. That will Givejoe Biden enough room to say, well, i support israel but i am not involved in offensive actions and im critical of the human rights issues involved in urban warfare, for example. Against commerce. Warfare, for example. Against commerce warfare, for example. Against commerce. ,. , commerce. Your thoughts on the us federal commerce. Your thoughts on the Us Federal Reserve commerce. Your thoughts on the Us Federal Reserve and commerce. Your thoughts on the Us Federal Reserve and what commerce. Your thoughts on the Us Federal Reserve and what it i Us Federal Reserve and what it will do with Interest Rates . What is your outlook . You will still get cuts in Interest Rates and i suspect they will be two, maybe three and they will be delayed because they need further convincing. The last mile in reducing inflation has been run and one and they do not have that yet. It will be slower, possibly one less cut this year but nevertheless i think that will be the trend. In recent years, mexico has experienced a major uptick in capital investment, largely through the phenomenon known as nearshoring. Amid the trade war between china and the us, scores of Chinese Companies have been taking advantage of conditions in Northern Mexico to get around us sanctions on chinese goods by making those same products in mexico instead. At the same time, some big us firms have relocated from Asia To Mexico too. While nearshoring has provided the mexican economy with a major boost during the Global Economic downturn, many are asking if the boom can last. Our mexico correspondent, will grant, reports from the Northern City of monterrey made in mexico but owned by china. This Furniture Company is part of the buzzword in mexican business. Nearshoring. This is one of scores of Chinese Companies relocating to Industrial Parks in Northern Mexico to bring production closer to the us market. As well as saving on shipping the final product is considered 100 mexican and they avoid tariffs and sanctions imposed on china with the worsening trade war in the us. The General Manager says the move to mexico makes economic and logistical sense. They already employ a50 people and have ambitious plans to expand. We have to triple or even could drupal production, he says. We want to bring production here are to ourfactories want to bring production here are to our factories in vietnam. Are to our factories in vietnam. , whether it is furniture, t shirts or car parks, the proximity to the us and the Skilled Labour force here makes mexico an attractive prospect to Chinese Companies. And is more chinese firms reach that same conclusion and set up factories here there has been important shot in the arm to the mexican economy, particularly post covid pandemic. The sofa factory is located inside a chinese mexico Industrial Park in the city of monterrey. Demand for plots is skyhigh with every Available Space already sold. Little wonder many economists say chinas interest in mexico is no passing fad. The question is, not if this trend will continue but rather how much of that trend we can take advantage of because just as mexico is thinking and were having this conversation here, i am sure some people are having the same discussion in colombia, in vietnam, in costa rica. Amid the nearshoring, us firms like tesla have announced plans to set up in mexico too, helping the country replace china as the us main trading partner. The next Tesla Factory will be in mexico near monterey. It is a significant change but some urge caution over being drawn to the wider geopolitical struggles. The old, rich guy in town, the united states, is having problems with the newer rich guy in town, china. Mexico does not have also the Current Administration we do not have a strategy vis a vis china and how to deal into this new triangular relationship. Whether a backdoor to the us or part of a costly war between superpowers, nearshoring is here to stay and mexico must be pragmatic if it is to reap the long term benefits of new, often hostile trade arrangements. In other news, tesla has slashed the prices of its cars in some of its major markets, after similar price cuts in the us. The price of its model 3 was trimmed both in china and germany by about 2,000. All this comes after elon musk� s Company Reported that global deliveries fell for the first time in four years last quarter. Elon musk� s company has also been grappling with a declining sales and a price war in the large auto market china. Tesla will report Quarterly Results later this week. Speaking of elon musk, the union has postponed his Upcoming Trip to india where he was due to meet the prime minister. He cited his obligations at tesla is cause for the delay but noted he is looking forward to visiting the country later this year. That is a story we will follow closely here and in the meantime i will see you again at the same time tomorrow. Hello and welcome to sportsday. Im Lizzie Greenwood hughes. The headlines tonight Manchester United survive one of the greatest fa cup comebacks ever. Jude bellingham scores a late winner for real madrid in a classic el classico. And its a world record breaking London Marathon for kenyas peres jepchirchir. Also coming up on sportsday find out why kaspar ruud takes a dip, fully clothed in barcelona. Lots of sport for you were starting with an extraordinary game of football at Wembley Stadium today where Manchester United survived one of the greatest fa cup comebacks to reach the final. They beat the championship side, coventry city, on penalties but only after first throwing away a 3 0 lead and being let off after coventry had a goal disallowed in extra time. And united very nearly lost the shoot out as well. But coventry missed two to their one. So they scraped through to set up an all Manchester Final next month. The way we did it is not ok. Because we should have managed it better. But it is a used performance and if you analyse this game first 70 minutes totally in control and we played very well and we scored great goals but then we allowed them to return in the game and we should not have allowed them. I dont think any other team has been as close to getting to a final without getting there. I dont think we deserved it. I think we deserve to go through. We were literally 20 seconds away from going to the final and a toenail off side. It is ridiculous really but it is what it is. 0ur correspondent andy swiss was watching at wembley, he says united will have to put on a much improved performance, if theyre to beat their rivals from across manchester in the final. If Manchester United have thrown away a three goal lead against a championship Side Goodness knows what that would have meant. Sirjim radcliffe of course, the new Manchester United co owner, he was in the crowd, what he would have made of it and what possibly it might have meant for erik ten hags future had united lost from being three goals up. We can only speculate. But certainly as far as united are concerned they will need to perform far better than they did today in that final against manchester city. A repeat obviously of last years final. City won last year. United will be hoping they can turn things around this year but certainly will have to show an awful lot more composure than they did here against coventry city. In the premier league, evertons hopes of staying up were given a huge boost when they beat relegation rivals Nottingham Forest 2 0. But the result left forest fuming and the fa are investigating after the club posted an incendiary social media statement. Forest posted three extremely poor decisions three penalties not given which we simply cannot accept. We warned the pgmol that the var is a luton fan before the game but they didnt change him. Theres been no response yet from the pgmol, who are in charge of officiating in the premier league. It is a very decision. Very poor decision of var and it is happening to us over and over again. It is difficult to tell the players to ignore and keep going because it is very clear. As a club we made a formal complaint saying that we would like to change the var situation. They did not do it and then to say so it is not good