She said her plan would lower costs for American families, invest in entrepreneurs and ensure American-legion'>American Legion huge industries like artificial intelligence. Industries like artificial intelli. Ence. � ~ u, intelligence. Built in America by American intelligence. Built in America by American workers. Intelligence. Built in America| by American workers. Several olls by American workers. Several polls show by American workers. Several polls show donald by American workers. Several polls show donald trumps i by American workers. Several. Polls show donald trumps lead on the economy is narrowing with voters. The former president campaigned in North Carolina today, where he went after his opponent. After his opponent. Kamalas not attacking after his opponent. Kamalas not attacking me, after his opponent. Kamalas not attacking me, she after his opponent. Kamalas not attacking me, she is not attacking me, she is attacking your furniture jobs, your attacking your furniture jobs, your communities, your factories, and she is trying to send factories, and she is trying to send all factories, and she is trying to send all of those jobs to China With send all of those jobs to China With everything else. A send all of those jobs to China With everything else. With everything else. A day earlier, he with everything else. A day earlier, he warned with everything else. A day i earlier, he warned companies making products abroad would have to pay a substantial tariff, sparking criticism within his own party. Im tariff, sparking criticism within his own party. Im not a fan of tariffs. Within his own party. Im not a fan of tariffs. They within his own party. Im not a fan of tariffs. They raise fan of tariffs. They raise Prices Fan of tariffs. They raise prices for fan of tariffs. They raise prices for American fan of tariffs. They raise prices for American consumers. Both prices for American consumers. Both candidates prices for American consumers. Both candidates say prices for American consumers. Both candidates say they prices for American consumers. Both candidates say they want i Both candidates say they want to lift up workers and help the middle class. How they think that can be done is profoundly different. You can find much more of coverage of the us president ial election on our website, election on our website, bbc. Com news. Bbc. Com news. In the last few hours, kamala in the last few hours, Kamala Harris hit out at Trumps Harris hit out at trumps economic plan, saying it will economic plan, saying it will invite a recession. Invite a recession. She was giving her first major she was giving her first major Solo Interview on msnbc. Solo interview on msnbc. Chatgpt Maker Openai Chatgpt Maker openai will soon lose its will soon lose its chief Technology Officer Chief Technology Officer Mira murati, who has been mira murati, who has been with the firm for six with the firm for six and a half years, who says and a half years, who says she made the decision to she made the decision to create the time and space create the time and space to do my own exploration. To do my own exploration. Her departure comes her departure comes as the microsoft backed as the microsoft backed Start Up is pursuing Start Up is pursuing a new funding round. A new funding round. The asian Development Bank has released its latest economic forecasts for developing asia, and things are looking up. Growth has been upgraded to 5 for the year, thanks to increasing demand for goods produced in the region like semiconductors. But china is expected to continue to underperform. Albert park explained to me why beijing is lagging behind. Were maintaining our Growth Forecast for china, although things continue to evolve, obviously. 4. 8 is still below the governments own Projection And Target of 5 . Weve seen the Property Market he a continuous drag, and although the government announced recent Stimulus Measures which were very coordinated across a number of regulatory agencies, so theyre trying to signal strongly that the government is trying to support recovery in the sector we still see very pessimistic Consumer And Investor sentiment, and so its not clear whether thats going to be enough to bring the Property Market back. The good thing, or the opportunity, for china is that inflation is very low in fact, lower than we expected and if they think growth is too slow, there is room to have more expansionary monetary and fiscal policy. The recent announcements kind of get the monetary side, the financial side, but theres still scope, i think, to increase on the fiscal side, to try to support especially consumption in the economy, which would help the sentiment recover and hopefully get chinas consumers to start buying more. We had a whole raft of Stimulus Measures just this week. Do you think itll be enough . Its the step in the right direction. I think well have to reservejudgment. You know, they reduced the Reserve Requirement and they lowered the benchmark Interest Rates modestly. That will help, but again were also seeing the Property Market Downturn Kind of hanging on longer than expected. The August Numbers show that Housing Prices actually fell by 5. 7 , which is the biggest drop in Housing Prices weve seen in a while, so that doesnt look like its going to resolve any time soon. What do you want to see chinese policymakers do to try and improve the situation now . Well, they have announced some measures to try and encourage the investment community, were open for business, were open for investment. I think the geopolitics is still creating theres been a little bit of that, but i think there could be a lot more of that. We also had the fed Interest Rate cuts. How is that going to impact the developing countries in the Asia Pacific Region . Its going to be helpful overall, in particular combined with the moderating of inflation we project, 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. Lower inflation also makes consumers feel more confident going forward, and increases their real incomes. That will also be beneficial and Support Growth going forward. China will reportedly give Cash Handouts to the poor in a rare announcement of direct aid. According to state media, the money will be distributed before the ist of october that is the start of the national day holiday. This move follows a series of Stimulus Measures that were announced by the government this week. The International Monetary Fund has approved a new 7 Billion Dollar Loan for pakistan. It was 5 on the brink of defaulting on its debts last year, when it had barely enough in foreign currencies to pay for a month of imports. Around A Billion dollars will be immediately dispursed to the country, while the rest will be released over three years. 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 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, told me what lies ahead. 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 represent 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. Meta also unveiled its latest prototype of its augmented reality smart glasses. And thats it for this edition of business today. Thanks for watching. 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 14. 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
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