ordered the pentagon to shoot it down as soon as possible. they decided without doing any damage to anyone on the ground, they decided that the best time to do that was out over the water within our, within a 12-mile limit. they successfully took it down. maria: but at what cost? coming up, the new chairman of the house select committee on china, wisconsin congressman, former marine mike gallagher, also a member of the house armed services and intelligence committees on how much damage has been done in one week after the secretary of state anthony blinken initially suggests just canceling his trip was enough of a response from america. it s a violation of our sovereignty, it s a violation of international law. and it was very important that we, of course, take the actions we did to protect any sensitive information, to protect our people and to make clear to china that, again, this is an unacceptable as well as irresponsible action. maria: then the surveillance balloon s
pentagon on saturday t it down as soon as possible. they decided without doing any damage to anyone on the ground, they decided that the best withoutot any damage to anyone n the ground. the best time to do that was over water lly took it down. maria: but at what cost? coming up, the new chairman of the house select committee we successfully took it down. but at what cost. former marine also a member of the house armed services and don intelligence committees on how much damage has been done in one week after the secretary ofca state initially suggest just canceling his trip was enough. other response from america. a violation of our sovereignty, a violation of international law. it was very important.s we, of course, take the time to protect our people. this is unacceptable action. large enough to hold three? massive buses.s did it drop and scatter devicesa for unlimitemed surveillance. john radcliffe on the potential capabilities of the a stratospheric balloon.lr was
threatens a french institution the baguette. we find out how many of the country s 35,000 bakeries will survive. good to have you with us. it s that time of year when the global elite gather in the swiss alpine ski resort of davos. the theme for the world economic forum is cooperation in a fragmented world, and top of the agenda will be the global economy which according to the world bank is perilously close to falling into recession . it expects the world economy to grow byjust 1.7% this year. what can the global leaders do who are gathered in davos? critics argue it s a talking shop that rarely leads to significant change in solving the worlds problems. brian coulton is chief economist at fitch ratings. brian, good morning to you. when we look at the official agenda for davos, the list is long. there is an awful lot to discuss, but when it comes to the state of the global economy, that will dominate, won t it? it economy, that will dominate, won t it? ~ , won t it? it
4:00 a.m. on the u.s. east coast and 9:00 a.m. here in london where a new leader is set to takeover today. liz truss ready to take over as prime minister. just a short while ago, outgoing prime minister boris johnson urged the entire country to get behind truss. he delivered some final remarks as prime minister outside 10 downing street. on the subject of bouncing around in future careers, let me say that i am now like one of those booster rockets that is fulfilled its function and i will now be gently reentering the atmosphere and i will be splashing down in some remote and obscure corner of the pacific. and i am returning to my plan. and i will be offering this government nothing but the most fervent support. truss will be facing a number of major challenges she needs the support she can get, promising a plan to cut taxes, build growth and tackle the energy crisis. we ll get more details when she s appointed prime minister, heads back to london and gives her outline of
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