In the Battleground State of pennsylvania. I have pledged that building a strong Middle Class will be a defining goal of my presidency. Ms harris said her plan would lower costs for americanfamilies, invest in entrepreneurs and ensure america leads in future industries like artificial intelligence. Built here in america by american workers. The Focus On Finance comes as several polls show donald trumps lead on the economy is narrowing with voters. The former president campaigned in the Battleground State of North Carolina today, where he went after his opponent. Kamalas not attacking me. Shes attacking your furniturejobs, shes attacking your communities, shes attacking your factories, and shes trying to send all of those jobs to china with everything else. A day earlier, Mr Trump warned companies making products abroad would have to pay a substantial tariff, sparking criticism within his own party. Im not a fan of tariffs. They raise prices for. American consumers. Both candidates say they want to lift up workers and help the Middle Class. How they think that can be done is profoundly different. Michelle fleury, bbc news, new york. Kamala harris just appeared Kamala Harrisjust appeared in herfirst Kamala Harrisjust appeared in her first solo major interview on nbc. She hit out at trumps economic plans saying they would buy a recession. More on our live Page And Analysis of the us president ial election there. Chatgpt Maker Openai will soon lose its chief Technology Officer Mira murati, who has been with the firm for six and a half years, who says she made the decision to create the time and space to do my own exploration. Her departure comes as the microsoft backed Start Up is pursuing a new funding round. Growth in asia has been upgraded to 5 thanks to increasing demand for goods produced like semiconductors. Inflation is showing signs of easing, the Consumer Price cooled to 2. 8 this year, which could push more asian central banks to lower their costs of borrowing. The Chief Economist at the adb told me how china fits into the picture. Maintaining our Growth Forecast for china, although things continue to evolve obviously. 4. 8 is still below the Governments Prediction and target of 5 . We have seen the Property Market being a continuous drag. Although the government announced recent Stimulus Measures which were very co ordinated across a number of regulatory agencies, trying to signal strongly that the government is trying to support recovery in this sector, we still see very pessimistic Consumer And Investor sentiment, so its not clear whether thats going to be enough to bring the Property Market back. The opportunity for china is that inflation is very low, lower than expected. If they think growth is too slow, there is room to have more expansion of monetary and fiscal policy. The recent announcements on them financial side, but there were still i think scope to increase on the fiscal side, to try to support especially consumption in the economy, which would help the sentiment recover, and hopefully cut china hopefully cut china hopefully get chinese consumers to buy more. We hopefully get chinese consumers to buy more to buy more. We had a raft of stimulus to buy more. We had a raft of Stimulus Measures to buy more. We had a raft of Stimulus Measures this to buy more. We had a raft of| Stimulus Measures this week, will it be enough . Its Stimulus Measures this week, will it be enough . Will it be enough . Its a step in the right will it be enough . Its a step in the right direction, will it be enough . Its a step in the right direction, we will it be enough . Its a stepj in the right direction, we will have to reserve judgment. In the right direction, we will have to reservejudgment. They reduced the Reserve Requirements and they lowered the benchmark of Interest Rates modestly. Er, that will help, but again, we are also seeing the Property Market Downturn Kind of hanging on longer than expected. The August Numbers showed that Housing Prices actually fell by 5. 7 , the biggest drop we have seen in a while. So that doesnt look like its going to resolve any time soon. Like its going to resolve any time soon like its going to resolve any time soon. ~. ,. ,. ,. , time soon. What do you want to see chinese time soon. What do you want to see chinese policymakers time soon. What do you want to see chinese policymakers do. Time soon. What do you want to see chinese policymakers do to | see chinese policymakers do to try and improve the situation . They have announced measures to try to encourage the investment community. We are open for business, we are open for investment. I think the geopolitics is still creating lots of nerves and doubt and caution, but especially for chinese consumers. I think it would be great for the chinese government to think of ways to put more money into the hands of consumers. We saw big stimulus packages during the Kev Pandemic in western countries. China has generally not preferred to do those type of policies. Covid pandemic. They want to look at the supply side, manufacturing plans, a lot of the support they give is on the supply side. Shifting more to the demand side. There has been a little but i think there could be a lot more. ~. , more. We also had the fed Interest Rate more. We also had the fed Interest Rate cuts. More. We also had the fed Interest Rate cuts. How more. We also had the fed Interest Rate cuts. How is l more. We also had the fed i Interest Rate cuts. How is that going to impact the developing countries in the Asia Pacific Region . Countries in the asiapacific re. Ion . � , countries in the asiapacific reuion . fl. , countries in the asiapacific reuion . � ,. ,. , region . Its going to be helful region . Its going to be helpful overall, region . Its going to be helpful overall, in region . Its going to be helpful overall, in particular combined with the moderating of inflation we projected, lower inflation we projected, lower inflation than we previously expected, that gives them space in the region to reduce Interest Rates. Of course that will promote stronger consumption and investment. Low inflation also makes consumers feel more confident going forward, and increases their real incomes. That will also be beneficial and Support Growth going forward. That beneficial and Support Growth going forward going forward. That was the Chief Economist going forward. That was the Chief Economist of going forward. That was the Chief Economist of the going forward. That was the | Chief Economist of the asian Development Bank Albert park. He was talking about chinese stimulus and putting more money into the hands of consumers. We are getting reports that exactly what china will do. Reportedly they will give Cash Hand outs to the poor in a rare announcement of direct aid. Thats according to state media, the money will be distributed before october the 1st, the start of the national ist, the start of the national holiday. The move follows a series of Stimulus Measures that were announced by the government this week. Turning to The World Of Art and luxury, christies has opened its new Asia Headquarters in Hong Kong. The Auction House holds its first Sale Today where an array of artwork, including two multi million dollar paintings by Claude Monet and vincent van gogh, will be up for auction. But the global Art Market has been struggling amid a difficult macro environment. Christies apac head, francis belin. The sales were down in the first half but the results were very resilient. The rates across our sector were very strong and the prices we achieved for the objects were equally strong. We are excited about the second half, we are very excited about this new headquarters we just opened a few days ago. Clearly a lot of excitement. What does asian Demand Look like for The World Of Art and auctions . And has it changed the pandemic . Demand has been very strong, we have been here in Hong Kong for a0 years and it was time for us to move into our own gallery and to have our own space, just like new york, paris and london have, where we can have our exhibitions, events, auctions, all in one place, and i think thats a reflection of how strong the demand has been from asian collectors, across categories of art and luxury, and what we see with asian demand is a very diverse pool of collectors that look for classic, modern, contemporary art, whether it is western or asian, so i think the very unique dna of our sales in Hong Kong is to bridge influences between East And West and bring all this world of art into one place. We keep hearing young people are unable to afford anything, let alone invest. Are you seeing much interest from youngsters . Asias millennial buyers represented 66 buyers represented 66 of global millenial buying, so we see very strong demand from young collectors. Its a testimony to a generation that has probably more wealth but also how able we have been to engage with them digitally, and i think thats a Big Change the pandemic brought to us the ability to present objects but Support Transactions for a multitude of digital innovations. We see very strong demand and that is very specific to asia. Meta has unveiled its latest virtual Reality Headset the quest 3s which will be released from 15 october. The device will cost around 300 less than 10 of the cost of the Apple Vision pro headset, its biggest competitor. And thats it for this edition of business today. Stay with bbc news. Hey, its lucy with the catch up. Tonight, a meta hoax, parents sign a smartphone pledge, and fixing a giant sinkhole. But first, people from the Uk Living in part of the Middle East are being told to leave. Thats as fighting between Israel And Hezbollah in lebanon gets worse. Hezbollah is an armed group which the Uk Government and others see as terrorists. Israel says its carrying out big Air Strikes in the south, and the Army Chief has told troops to prepare for a possible ground invasion. The un says 90,000 people in lebanon have been displaced since monday. Israel has also intercepted a rocket fired towards Tel Aviv for the first time. Now, some other stories. Huel has had its third ad banned in the space of two months. The advertising Standards Authority said it made claims about Health Benefits and cost savings that couldnt be backed up. Huel says it was an editing error. Hundreds of thousands of people, including celebs like Ashley Tisdale and tom brady, Have Fallen for a hoax that claims by sharing this post, Facebook And Instagram wont be able to use their images for training ai. In reality, people can opt out in their account settings. And some parents at a Primary School have signed a pledge to delay their child getting a smartphone. Thats until The End of year 9, when most children will have turned ia. The school in hitchin has asked all the other primaries in the town to do the same. And now, ten seconds of good news. Afc wimbledon say theyre blown away by donations to repair their pitch after severe flooding caused a sinkhole. Newcastle united, who were meant to play them earlier this week, donated £15,000. Thats you all caught up have a good one Hello And Welcome to sportsday. Im sarah mulkerrins. Coming up on the programme a disappointing draw for Manchester United, as Christian Eriksen scores and then gives away the equaliser against Fc Twente in the Europa League. Is this the team that launches a revolution in Womens Football . We find out how money could flow from Lake Como to the womens super league. And England Cricket say their captain Ben Stokes is on track to take part in their upcoming series against pakistan. Youre very welcome along to the programme, wherever youre watching around the world. The Europa League season is up and running along with a new format that matches the new Champions League one. 36 teams are competing in a league stage, before the knockout rounds of matches, and Manchester United would have hoped for a better start they were held to a disappointing 1 1 draw at home to dutch side Fc Twente, the Boyhood Club of united manager erik ten hag. With more, heres tom gayle. It was always going to be a memorable night for erik ten hag, welcoming the team he supported, played for and was Assistant Manager when twente lifted their only League Title to date in 2010. Christian eriksens clean strike just inside the box ten minutes before the break saw the hosts edge a tight first half. In the 68th minute, though, the dane saw his pocket picked by sam lammers, who drove straight at Andre Onana before beating him at the near post. After a few hairy moments in added time, the visiting players, staff and fans celebrated the result likea win. As for Manchester United, with back to back away trips up next in this competition first porto before heading jose mourinhos fenerbahce its far from an ideal start for erik ten hag
comparemela.com © 2020. All Rights Reserved.