hear in the next few minutes? reporter: they are walking into the room where they will have this bilateral meeting, this is at a hotel here in hiroshima. the president there shaking the prime minister s hand. and this is real an important moment. u.s. officials say that they view prime the prime minister a political ally in the surprising role that he has taken over the war in ukraine and applying sanctions on russia that haven t been a guarantee. so you hear a lot from american officials how pleased they are at how strong the relationship has become. this summit only takes place every seven years so i think that you will see china playing a significant role. of course president biden wants the leaders to coalesce to counter beijing s military and economic aggressions. and you have seen that the backdrop is quite significant. that hasn t always been easy. there are significant differences in how they want to approach china. and so heading out of the summit president biden w
yes, a very warm welcome to all the business news. and we start here in the uk, where skyrocketing inflation is causing big problems for retailers. just how big will be revealed in a few hours when we get those retail sales numbers forjuly. if we look back, sales fell 0.1% month on month injune, and that was a better than expected result as rising energy and fuel prices dented consumer confidence. now that inflation is topping 10%, the british independent retailers association is calling for 100% rates relief to be introduced for smaller retailers, and an energy price cap for businesses. let us get more. andrew goodacre, ceo, british independent retailers association. good morning. thank you for joining us. you are calling for the smaller retail, rate relief and an energy price for business in general. just talk about energy, energy prices have gone through the roof stop how much is it hurting our retailers? how much is it hurting our retailers? ,., ., ., , retailers? good m
multiple runs each time. finally, pga championship too teeing off today. scheffler and jon rahm are the betting favorites in the second major of the year. but there isn t a better story this week than shaddock who had hurt his back and didn t swing for two years after that, but he never gave up and this morning the 28-year-old is one of 20 club pros going up against the best in the world. i feel lucky to be playing. so i m a lot more relaxed than i used to be when i m playing golf. probably play better because of that because i m just more laid back. i m not putting so much pressure on myself. so i think it has been kind of a blessing in disguise more than anything. he is one of the first to tee off this morning. and he still teaches golf 50 to 60 hours a week in pennsylvania.
make decisions and incoming administrations focus on hustings in the next couple of weeks for the crisis is immediate. that is where the issueis immediate. that is where the issue is and we need an intervention or we will see businesses lost and jobs, you know, it is going to be horrendous. it is potentially catastrophic for our industry. i am sorry to hear that, michael. i have to leave it there but thanks for your time. i appreciated. have a good weekend. let s see how the asian markets are faring today. it isa it is a little bit of a mixed bag but stocks didn t swing on friday. investors tried to assess the federal reserve s plans for well what they are doing about lifting interest rates. of course, to fight inflation. we have had some mixed numbers and differing opinions by bank officials providing, well, really they are providing very little clarity, so it is leaving a lot of market traders which way to 90, of market traders which way to go, but many suggest, of course, that is w