Let's turn our attention to us as well and talk about the us jobs data, that's out this friday. Will that have any impact on what the fed decides to do? we know they're meeting in a few weeks. We are looking at potentially the highest risk economic event of the year so far. Because what we have seen so far, august was unprecedented for some global markets volatility and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that those rocks are falling and the momentum is falling with it. We do expect the fed, the us central bank, to cut interest rate this month but what's concerning is that fed policy—makers have had a poker—face of not giving too much away until recently. We had a weak economic data release for the monthly jobs report in august and we have also seen a data revision where up to 850,000 jobs were potentially overestimated between april of last year and march of this year. So if we do have another weak monthly employment report this week, we're going to have more concerns growing that the us economy, and finally starting to hit the floor in terms of the economic momentum robustness of the past 18 months or so falling slim. Will make things interesting towards the election. What other risks for the market heading the vote? the seesaw has been balance _ heading the vote? the seesaw has been balance between heading the vote? the seesaw i has been balance between harris and trumps before that it was reading that trump that would return again. Clearly that is where the risk would be for financial markets because it is the unknown. We can say with fairness is trump 2. 0 is likely to be aching america great again but this will be on steroids with the growth tactics and pro— american policies and we have to take into account the last time although everything was very unprecedented, uncertain for although everything was very unprecedented, uncertainfora unprecedented, uncertain for a prolonged unprecedented, uncertainfora prolonged period, he was fantastic with the currency and he was fantastic for the financial markets. We may be looking at more insular stands investors looking towards us markets, should we have trump when the november presidential elections but globally we could have concerns of what may happen for the relationship with china and so forth but thatis with china and so forth but that is the unknown as we are heading closer to that date we see the balance being more fairly between trump and harris but i expect to have a lot of uncertainty as we approach the final two months of the campaign. Brazil's ban on social media platform x will be put to a vote at the country's supreme court on monday. A five—member panel will decide whether to uphold a judge's decision to shut down x early on saturday, because it failed to appoint a legal representative as required under local law. The elon musk—owned platform said its previous representative resigned after being threatened with imprisonment. Some 10,000 hotel workers have begun a multi—day strike in several cities across the united states. This comes after contract talks with the operators of marriott, hilton and hyatt hotels reached an impasse. The unite here union says workers from 2a hotels are on strike in major travel destinations from san francisco to honolulu, with more set to join the walkout as the labor day holiday continues. India is forecast to receive above average rainfall in this month after surplus rains in august according to the countries where the department. This could both be good or bad news or the world's third—largest economy which is dependent on good monsoon rain for its agriculture and growth. We arejoined by for its agriculture and growth. We are joined by our business correspondent for more on this. Help us understand how a can be a double—edged sword in india? half of india's farmlands are dependent on rains for a monsoon more than 40% of the population is dependent on agriculture. Good rands would mean bounty harvest of stable crops, some crops like rice, soybean and cotton and by mid—september this summer crops will become ready for harvest. Good redwood made bumper harvest that could boost consumption and spending in rural hinterlands in india —— rain. Crucialforthe rural hinterlands in india —— rain. Crucial for the overall economy as well. It could also bring down food inflation is something that has been a concern point both for the government as well as the central bank. That's why both of them are looking very keenly on how this progresses and food production. Heavy rainfall in the middle to end of september which is when the harvest would be coming out from the farmlands would also mean bad news in certain areas which are prone to excessive rainfall and flooding and that could destroy the food production and bounty. Food inflation is something that has pushed the government to put restrictions on sugar and wheat and rice, which is something that is to be keenly watch out for and even the central bank has been watching on food inflation to start using the rate cut cycle and this period from september to october would be very crucial 0ctober would be very crucial and monsoons would be keenly watched. . , ~ ,. ,. , and monsoons would be keenly watched. . , ~'. , ~' , watched. Thank you for keeping an e e watched. Thank you for keeping an eye on _ watched. Thank you for keeping an eye on it _ watched. Thank you for keeping an eye on it for— watched. Thank you for keeping an eye on it for us. _ watched. Thank you for keeping an eye on it for us. Let's watched. Thank you for keeping an eye on it for us. Let's turn i an eye on it for us. Let's turn to the uk. There are almost 15 million people over 50 years old economically inactive. It's a figure that has been increasing in recent years. But the skills of older workers are something the uk's biggest homeware retailer, dunelm, wants in its business. Our business reporter simon browning has the story. Workers — the fabric of the economy. Here at dunelm, the made—to—order curtain factory in leicester, more than half of the team is over 50 — a seamless blend of youth and technical experience. 68 next month. And you are? i'll be 65 in about four weeks. She a good worker? she's a great worker. Everybody loves her. With no sign of retirement, ali and mags want to use half century of learnt skills. The success of a factory would be having a good age range mix, and i think we need that mix which can pass on the skills to the younger generation. A quarter of the entire workforce at dunelm are older workers. Those over 50, it's almost 3,000 people. They actively recruit this age group, targeted them on facebook and job centres. It appears to be working, the retailer is growing and opening new stores — a rare achievement. We have a very flexible approach to different types of shifts. I have had colleagues chat to me in stores or in here and they're — i'm retiring. I go — we really don't want you to retire, have you considered staying on in a seasonal contract so that, you know, you can just come in for less weeks of the year but still keeps you connect there are 11. 1 million economically—active over 50s in the uk economy — that's either in a job or actively looking for. That's up 320,000 in the last five years since before the pandemic. But there's 14. 8 million economically enactive workers over 50 and that's up a million in the last five yea rs. Getting some of those back to work would be a big boost to the uk economy. With so many workers cut, many have challenges getting back in. We often talk about this cohort of people as being the sandwich generation, so often they would be primary carerfor their elderly parents and sometimes still have dependent children and teenagers at home and that can have a lot of — can see big impacts on their ability to navigate work. Come in. Well, this is my home which is also my workplace. Flexible solutions do exist. Kate teaches foreign students english at home offering bed and board. Job satisfaction is really important and i think having some sort of structure for the week. The income, i don't usually think about that too much but it's always good to have, but mostly for me it's just meeting a whole load of interesting people and having interesting things to research a bit. With almost 900,000 job vacancies in the uk economy, drawing on the skills of the uk's older workers could be a boost for much—wanted economic growth. Simon browning, bbc news. 0ne one of australia's largest banks is considering a ban on staff drinking alcohol during office hours. The boss told the parliamentary hearing about would be reasonable as part of an overhaul of its culture. Free traders left the bank — rain traders left and the bank has shown a formal warning. The events have damaged its reputation, it says. That is it for this edition of business today. Be back at the same time tomorrow, goodbye for now. Hello and welcome to sportsday. I'm hugh ferris. 0ur headlines: liverpool. . . . . Three games. . . . . Three wins. . . . . And the latest is special — a 3—0 win at the home of their fiercest rivals. A wait of more than three games is over for kylian mbappe who finds the net in la liga for the first time and: a dozen in a day — an astonishing sunday for great britain who more than double their golden tally at the paralympics. Hello again. If arne slot wanted to endear himself to the fans of his new club, then leading liverpool to three striaght wins to start the premier league season will help. Even better, beat your biggest rivals comfortably to leave your opposite number reminding everyone he's a manager, not a magician. Liverpool's 3—0 win at manchester united kept their 100% start going and brought consistent boos for the home side. After trent alexander—arnold had a goal disallowed for offside. Luis diaz scored twice before half—time — his second and third goals of the season — to put liverpool in control. After the break, mohamed salah made it 3—0 with his 12th goal in 15 matches against united. The result piles more pressure on erik ten hag after two defeats in their opening three matches while liverpool go into the international break with maximum points and no goals conceded. Looked a bit more secure defensively. I think we were a lot more control of our game today. 0bviously three now and, yeah, could have been more. Could have been, you know, a couple of goals, one goal ruled off—side. We had a couple of counter—attacks which should have ended up in better result but you can't argue with three great goals we have scored. The clean sheet is massive for us. When you come away from your rivals like man united, it's so important to keep a clean sheet. Like the man said before the game, the first objective today is to keep a clean sheet and we've got the quality of scoring goals and we proved that. Have some great players there, but we have such player as well, and i think as they say, he came three times of very good positions, good finishes, was nearly there. I'm sure we have even more scoring abilities, so, you know, we will be fine. We have to improve, we know that, today we have to be humble. We have to take this but we will bounce back.
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