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i believe my record as president, my leadership in the world, my vision for america s future all merited a second term but nothing, nothing can come in the way of saving our democracy. that includes personal ambition. so i have decided the best way forward is to pass the torch to a new generation, it is a best way to unite our nation. vice president kamala harris is now running in his place as the likely democratic presidential nominee, with mr biden praising her work and record in the white house. i want to thank our great vice president, kamala harris. she is experienced, she is tough and she is capable. she has been an incredible partner to me and a leader for our country. now the choice is up to you, the american people. that the american people. was president biden a little that was president biden a little earlier on. let s speak to our north america correspondent david willis who s in washingtoni. this was joe biden s first chance to define how he will be judged ....
pulled out because he was losing. from washington, will grant reports. this report from our correspondent, will grant. in a speech no sitting president has delivered in more than half a century, joe biden confirmed his decision to drop out of the race to the american people. it was time for new voices and, yes, he acknowledged, younger voices. so i have decided the best way forward is to pass the torch to a new generation. that s the best way to unite our nation. nothing could get in the way of saving democracy, said president biden, including personal ambition. he painted november s vote as a choice between forwards or back, hope or hate, unity or division. despite republicans calling for him to resign the presidency, mr biden said he had no intention of stepping aside. over the next six months, i will be focused on doing that means i ll continue to lower costs for hard working families, grow our economy, i ll keep defending our personal freedoms and our civil rights, ....
manchester police said three officers were injured after they were called to the city s airport on tuesday evening following reports of a fight. the force has referred itself to the police watchdog and removed an officer from operational duties. let s speak to our correspondent lauren moss. tell us the background to this and how this came about. this the background to this and how this came about- came about. this update has come throu~h came about. this update has come through from came about. this update has come through from greater came about. this update has come through from greater manchester. through from greater manchester police in the last hour following that video which emerged on social media yesterday you have been talking about of what happened during an arrest at manchester airport. i think we can play it again. greater manchester police has called this video truly shocking. it says the use of such force in an arrest is unusual. you can see a male o ....
energy experience to lead the success of gb energy and experience to lead the success of gb energy and of course to our nation. because. energy and of course to our nation. because. i energy and of course to our nation. because, i have always been clear that mission it meant government, the government with a driver in the sense the government with a driver in the sense of the government with a driver in the sense of purpose, knowing what they want to sense of purpose, knowing what they want to achieve, making decisions that have want to achieve, making decisions that have remeasured in the years, is all that have remeasured in the years, is all about that have remeasured in the years, is all about partnerships, working together is all about partnerships, working together to deliver for the british peopla together to deliver for the british people. so i am delighted that great british people. so i am delighted that great british energy our new national insti ....
had their worst days since 2022, restoring some confidence, better than expected economic data here in the united states. we will get that in some detail in a moment. let s go to nashville tennessee and speal to david waddell, president and chief investment strategist at waddell & associates. welcome back to the show. yesterday was the worst day in a year and a half or us markets. now we have had time to sleep on it, what happened? well, it wasn t quite as bad as it appeared. the magnificent seven was down 6% of a cohort. they make up 3% of the index. the other a93 were only down 1%. this sell off was yesterday. it started when the lighter than inflation report came out on the 10th ofjuly. from that point, it was down 16%. the magnificent seven were down 10%. however, small cap stocks in the usa were up 10% in that period. you are seeing a rotation acting on the market, and it should be happening because we were very overbought going into mid july, we had levels which w ....