Inflation the worlds biggest economy last month dampened expectations. That decision comes a day before Second Quarter gdp figures are released and many economists are expecting the us economy likely remained in expansion during the april to june period. Rounding off the week will be the bank ofjapan. Last month they saw core consumer prices, excluding food, rising higher than the banks Inflation Target so that put extra pressure on the central bank to tweet its altar easy monetary policy. I earlier spoke to naim aslam and he told me how he expected the fed to go. I think the Federal Reserve isnt under immense pressure, as they were before the inflation data, as you rightly pointed that out. Because inflation is sitting at 3 and im speaking about the headline inflation, which is not that much farther from the Federal Reserve� s target of 2 and especially if you compare what this number was. It wasnt too long ago when we saw this number in double digits and falling all the way to 3 . Where we sit and what weve seen in the market from the money market and the equity markets, we do see traders still anticipating another Interest Rate hike. So going into wednesday, the general expectations are, number one, the Federal Reserve will increase Interest Rates by 25 basis points, and number two, the hawkish tilt will continue to remain in the Federal Reserve� s monetary policy. What does that mean . It means perhaps there could be another Interest Rate hike in the later part of this year but we think this is going to be the last Interest Rate hike by the Federal Reserve. What about the European Central bank . Opinions seems to be split on what they are going to do, whether they will pause or not. Youre absolutely correct. There are some noises coming out from the various members of the European Central bank commission. But surely they are not there. The European Central bank is well behind in terms of controlling inflation. Its still much, much higher than the current target. We think the European Central bank coming on thursday will increase the Interest Rate by 50 basis points and i think that there could be another three more Interest Rate hikes by the same amount for the rest of the year. Why . Because inflation is still immensely painful for the European Central bank. Yes, there is a possibility that perhaps the first Interest Rate hike could be 25 basis points but coming this thursday, 50 basis points, it will remain wide open for another Interest Rate hike for at least another 50 basis points. Interest rate decisions arent the only things we are keeping our eye on this week. Its also earnings season, and on tuesday, the two Tech Giants Competing for al services will report their Second Quarter earnings. Of course, thats microsoft, and google parent, alphabet. The worlds leading aircraft makers, boeing and airbus are also due to report a demand for new planes as flight traffic rebounds, following the lifting of some of the last Covid Travel Restrictions this year. Also on wednesday, facebook� s parent company, meta, is due to unveil its latest report. And of course, it recently launched threads, a platform that looks rather similar to twitter. And well also assess the earnings of Major Energy Company shell and see how Weak Oil Prices over the last few months might have affected its bottom line. And rounding up the week, well get the latest from Samsung Electronics in south korea. And according to its preliminary reports, the Company Expects the 02 profits to slump 96 year on year, no thanks to a chip glut. Over in the philippines, president Ferdinand Marcos over in the philippines, president Ferdinand Marcoer president Ferdinand Marcos jr is president Ferdinand Marcoer is set to deliver his state of Union Address later today, and the economy is expected to be a hot button issue, as especially as manila continues to rely heavily on remittances. Earlier i spoke tojesus philippe, who specialises in developing economies in the region, who explained why the country needs to restructure its economy to take advantage of young workforce. It take advantage of young workforce. Take advantage of young workforce. ,. ,. , workforce. It is a development model, there workforce. It is a development model, there are workforce. It is a development model, there are many workforce. It is a Development I model, there are many countries including ourselves in the university, the reality is that the country comes behind, with respect its regional neighbours. They missed completely the boom of the 19805 completely the boom of the 1980s and mid 1990s that was manufacturer driven. As i mentioned, the Marcos Administration passed a very ambitious Philippine Development plan for 23 to 28, that puts the economic and social transformation of the country at the centre of the agenda. It grows at 6. 5 to 8 , thatis agenda. It grows at 6. 5 to 8 , that is the forecast on the key is how to sustain it. That is going to be very, very difficult, unless there is a clear understanding that it requires relaxing of the major constraints to growth, particularly the balance of payments, the country needs to move up in the development ladder. Related to this is the focus on the transformation of the economy as you mention. There are two key things here, from the Point Of View of employment, it is a big employer in the country over 10 million filipinos, still in primary agriculture, second is that the country needs to produce and export what we call more complex products, it needs to move into machinery, chemicals, electronics, automobiles. This is a country that does not produce an expert in any of these countries, therefore to avoid the balance of payments, particularly current account deficit, it relies on overseas foreign workers. And in other news this morning, twitter� s iconic blue bird will soon be no more. Thats according to the companys owner, elon musk. Hes changing it to an x logo. The rebranding of twitter comes as mr musk recently admitted that Advertising Revenue at twitter remains at half of what it once was. If you remember, he bought twitter for 41; billion last october. Now, the uks economy may be struggling to gain momentum, but at least one sector is leaping into action. Despite the impact of covid, the film and tv industry is seeing a frenzy of activity thanks to the growth in streaming services. Theo leggett has more. Hey, yall played a heck of a game out there. Ted lasso, the feel good Football Comedy has been a hit for the us streaming service, apple tv . And this is where it was made. Well, what do we have here . Ok, so this is a small stage in our current studio, so its about 5900 square feet. At west london film studios, based near heathrow airport, business is booming. Owner frank khalid says demand is so high hes having to build a huge new facility. 16m in height, 1,250 square metres of space. Lets face it, if you want to attract the biggest productions, youre going to need a lot of room. And thats what this place is all about. Its one of four brand new stages being built here in west london, and the idea is to tap into growing demand for studio space across the uk, including from some of the worlds biggest players. Since 2015, the uk has offered generous tax breaks for film and High End Television. Thats raised demand for studio space as well as ready to use facilities like this hospital set. Its a massive influence, the tax breaks here. In fact, when i first bought the studios, there was no tax break at that time and a lot of film studios were closing down at the time. In fact, the studio that i bought was a closed down studio. But it seems the tax breaks have come along, the Demand Hasjust gone up by so much. Dad told me you found something. On a train during the war. Indiana jones and the dial of destiny is expected to be one of this years biggest blockbusters, and much of it was filmed in the uk. Spending on film and High End Television in this country hit a record of more than £6. 25 billion last year, but that creates new challenges for the industry. Do we have enough people working in the industry in the uk to satisfy the need . We need accountants, gardeners, carpenters, electricians as well as all the more well known jobs. And we need those jobs all across the uk. So we have calculated we probably need in the region of 20,000 jobs in addition to what we currently have by 2025. Other steep concerns include high inflation and competition from other countries, which also offer generous tax breaks. But people within the industry remain convinced that attracting more movies like this one certainly wont be mission impossible. Theo leggett, bbc news. And speaking of movies, were truly living in a barbie world. The movie has conquered the North American box offices in its debut weekend. It raked in 155 million with legions of pink clad moviegoers swarming theaters. This means that barbie has scored the biggest Opening Weekend of any film this year. I think ithinki i think i have chosen the right colour this morning, havent i . Thats it for this edition of the programme. I will be back tomorrow morning. Join us again. For now, thank you for watching. Bbc news. Bringing you different stories from across the uk. Precious was six years old when she was taken into care. Now 1a, she is using her voice to help change life for people i care. To voice to help change life for peeple i care voice to help change life for people i care. To make sure children people i care. To make sure children in people i care. To make sure children in care people i care. To make sure children in care are people i care. To make sure children in care are seen people i care. To make sure children in care are seen as| children in care are seen as people, really. Children in care are seen as people, really. She is part of a national people, really. She is part of a National Campaign people, really. She is part of a National Campaign to people, really. She is part of. A National Campaign to ensure Care Experienced people have protection against discrimination, a Motion By Koh by discrimination, a Motion By Koh by precious and Oldham Youth Council to ensure that people like her are part of decision making, and last month she took a decision petition to number ten the push for more protection in law. Terry galloway is leading the campaign to make a protected characteristic like gender, race and sexuality. fist characteristic like gender, race and sexuality. Race and sexuality. At the moment. Race and sexuality. At the moment, there race and sexuality. At the moment, there is race and sexuality. At the moment, there is a race and sexuality. At the moment, there is a big i race and sexuality. At the i moment, there is a big focus race and sexuality. At the moment, there is a big focus on childrens moment, there is a big focus on childrens social care about the care childrens social care about the Care Experience doesnt end at18~ the Care Experience doesnt end at18~ the the Care Experience doesnt end at 18. The Care Experience is polite at 18. The Care Experience is olite. , polite. The government says they dont polite. The government says they dont believe polite. The government says they dont believe making i polite. The government says l they dont believe making care a protected characteristic would be positive. Instead, they are expecting extending corporate parenting responsibilities to all government departments, but the campaign will continue at a local level. For more stories from across the uk, head to the bbc news website. Bbc news. Bringing you different stories from across the uk. Cows, controlled by the collars around their necks. Seek can see weve got a solar panel on the back here, which charges the battery. They are nice and lightweight and flexible, so the cows have got plenty of room to move around, and then there is a gps locator on the top here, so we can see exactly where the cows are at any one time, and that links to the virtualfence which any one time, and that links to the virtual fence which is up behind us, or where ever we wanted to be relief to the collars mean the National Trust can map out an area they want grazed on a mobile phone app. If a cow then approaches the invisible boundary, it first hears several music alerts, and if it doesnt turn back, instead trying to cross the virtual fence, instead trying to cross the virtualfence, the instead trying to cross the virtual fence, the cow gets a mild electric shock. All this tech ensures the whole of this Beautiful Limestone Landscape is kept grazed. Is kept grazed. They can be uuite is kept grazed. They can be quite picky is kept grazed. They can be quite picky. They is kept grazed. They can be quite picky. They will is kept grazed. They can be l quite picky. They will choose the hest quite picky. They will choose the best grass that they want to eat. The best grass that they want to eat, and sometimes what we want to eat, and sometimes what we want is to eat, and sometimes what we want is for to eat, and sometimes what we want is for them to get into the scrub, some of the less delicious the scrub, some of the less delicious. Com and trample it down delicious. Com and trample it down and delicious. Com and trample it down and create more sunlight for those down and create more sunlight for those species which are small for those species which are small plants that live on the ground, small plants that live on the ground, so now we can force them ground, so now we can force them to ground, so now we can force them to do that using the virtuat them to do that using the virtual fencing. Virtualfencing. For more stories from virtualfencing. For more stories from across virtualfencing. For more stories from across the l virtual fencing. For more i stories from across the uk, head to the bbc news website. Welcome to sportsday. Trailer keep hold of the ashes. And this is what appointments forjamaica at the womens world cup. The latest from the tournament. Welcome to sportsday. Lets start with the golf because brian harman is the toast of hoylake after becoming the new open champion. The 36 year old american finished six shots clear of the field at hoylake to claim his first major title. It was his first tournament win in 6 years. Ben croucher sent us this from the Royal Liverpool course. The sunday at the open can provide tension and drama and do funny things to the best golfers in the world. Here in the driving rain at hoylake, brian harman reduced any hopes of a battle for the claretjug. In truth, he wont mind one bit. He did most of the damage on friday, surging clear to a lead he was never headed. On sunday, after two bogeys his lead reduced