:00:08. > :00:12.Hello, this is Business Live on BBC News with Sally Bundock and Ben
:00:13. > :00:18.Thompson. Back in the black. Oil giant BP is
:00:19. > :00:25.making profits again after two years of heavy losses, is it thanks to
:00:26. > :00:26.higher prices and lower production? The top stories on Tuesday the 2nd
:00:27. > :00:40.of May. BP boosted its coffers
:00:41. > :00:42.with nearly $1.5 billion, the third oil giant to beat
:00:43. > :00:47.expectations in a week. So is big oil over the worst and has
:00:48. > :00:51.it managed to survive Greece agrees a deal
:00:52. > :00:58.with its European creditors on more reforms, but can it lead to debt
:00:59. > :01:11.relief for the Eurozone's European markets looked like this,
:01:12. > :01:16.BP's shares rising nearly 3% on that news of a return to profit. Also in
:01:17. > :01:18.the programme. We'll be getting
:01:19. > :01:20.the inside track on. How you turn one massage and spa
:01:21. > :01:22.centre into an international As the head of the World Bank
:01:23. > :01:26.forecasts a dramatic rise we want to know what could
:01:27. > :01:35.it mean for your job. One of the world's biggest
:01:36. > :01:50.energy companies, BP, has just announced its latest
:01:51. > :01:52.results for the first And as expected it's delivered
:01:53. > :01:58.much better news thanks to the rising price of oil
:01:59. > :02:04.and some effective restructuring. Using the oil giant's preferred
:02:05. > :02:09.measure of underlying replacement cost profit,
:02:10. > :02:12.the first quarter of the year came in at $1.4 billion,
:02:13. > :02:17.a healthy improvement on the $485 million loss it made
:02:18. > :02:26.the same quarter last year. This year BP plans to sell
:02:27. > :02:28.off around $4.5 billion worth of assets as part
:02:29. > :02:31.of a global portfolio overhaul. Details we know on that so far
:02:32. > :02:34.include last month's announcement that its selling a 50% stake
:02:35. > :02:36.in a Chinese petrochemical business to Sinopec,
:02:37. > :02:38.and it's agreed to sell the North Sea's largest
:02:39. > :02:44.pipeline to Ineos. But BP has been buying assets too -
:02:45. > :02:47.building up its natural-gas business, and this year it's made
:02:48. > :02:49.acquisitions in Egypt It's also spent $1.3
:02:50. > :02:57.billion on 527 fuel Bob Dudley - it's Chief Executive -
:02:58. > :03:04.has been praised for how he handled the Deep Water Horizon disaster
:03:05. > :03:06.and navigated the massive fall in the price of oil -
:03:07. > :03:11.still that was not enough to counter the critics who last year
:03:12. > :03:15.said his $11 million salary was far too big given
:03:16. > :03:17.the multi-billion dollar losses the company delivered
:03:18. > :03:32.in the last couple of years. Sally. We can get more analysis from
:03:33. > :03:36.editor Simon Jack. Just say, the pay came down from 19 million, 11
:03:37. > :03:42.million was the final number. Let's talk about the profits news to start
:03:43. > :03:47.with, better results from BP. Does that indicate the worst is over? As
:03:48. > :03:50.ever the devil is in the details. There are some pretty simple things
:03:51. > :03:53.going on, the price of oil during the period we are reporting what is
:03:54. > :03:59.40% higher than a year ago so one thing. As ten said they have cut
:04:00. > :04:02.costs, so higher revenues, lower costs and bigger profits. Don't
:04:03. > :04:05.forget the impact of the sterling fall because BP makes its money in
:04:06. > :04:11.dollars and translates those dollars back into pounds when you see its
:04:12. > :04:15.profits put in sterling terms. For all of those reasons BP is doing OK.
:04:16. > :04:19.No one really knows where the oil price is going. It is a difficult
:04:20. > :04:23.thing to navigate. We know it will not go up to $100 a barrel, most are
:04:24. > :04:28.certain of that, aren't they? The truth of the matter is BP must get
:04:29. > :04:33.to this new normal like its peers. They have to get used to this
:04:34. > :04:36.aggressive cost-cutting because this is the new normal. Projects went
:04:37. > :04:47.off-line when the big oil price fell but some analysts think there could
:04:48. > :04:50.be an increase in 2018, 2019 but not $100 per barrel. Then just talked
:04:51. > :04:54.through some of the issues, they are selling assets, they have got lean
:04:55. > :04:59.and mean. It is a very different company. The whole shake-up has made
:05:00. > :05:06.BP, Shell and all of their peers look at the company hard. The
:05:07. > :05:10.massive fall from $117 down to $25 almost, they had to look out which
:05:11. > :05:14.areas they wanted to be in. What is interesting as it goes to show how
:05:15. > :05:17.dependent you are on the oil price when you are making your money. The
:05:18. > :05:21.weird thing is that when they had the big shareholder revolt against
:05:22. > :05:26.Bob Dudley's pay last year, they lost lots of money, $3.5 billion and
:05:27. > :05:29.he got paid 19 million all told, this year they've done better and he
:05:30. > :05:33.will be paid less. That shows either they are listening and they are
:05:34. > :05:36.sensitive to the outrage over executive pay, to others who will
:05:37. > :05:39.say it just goes to show how difficult it is to connect
:05:40. > :05:43.performance and paid when it comes to setting these reward levels. A
:05:44. > :05:48.quick word about the future because clearly the oil prices stabilising
:05:49. > :05:51.somewhat, still not back to where it was, but what does it tell us about
:05:52. > :05:56.the admissions of these firms going out to look for reserves? They are
:05:57. > :06:06.doing it in a lean away, they have plans to develop Australian
:06:07. > :06:08.development. They have sold off some North Sea reserves which is a
:06:09. > :06:12.declining market but they will invest in new sites they think will
:06:13. > :06:17.come on line down the road. Everyone is sharpening their pencils. In the
:06:18. > :06:21.old days, they would go and digger hole Ntsila happens but today they
:06:22. > :06:27.have to have a diversifying portfolio. He has a 40% pay cut this
:06:28. > :06:31.year, we will see if that takes the sting out of the shareholder
:06:32. > :06:37.rebellion. 69% of shareholders voted against his pay last year, we will
:06:38. > :06:39.see if he's done enough. And the AGM is not far away. It is in a week or
:06:40. > :06:40.two. Let's take a look at some of
:06:41. > :06:43.the other stories making the news. The Australian government has
:06:44. > :06:46.announced it will build a second It comes more than 70 years
:06:47. > :06:49.after the idea was first conceived, and follows promises
:06:50. > :06:52.from successive governments. The airport, set to cost
:06:53. > :06:55.around US$3.8 billion, will be located at Badgerys Creek,
:06:56. > :06:58.50km west of the city's centre. The current Sydney Airport has
:06:59. > :07:00.become increasingly stretched amid increased demand
:07:01. > :07:19.in recent years. The flying kangaroo taking you to
:07:20. > :07:22.Badgerys Creek! LAUGHTER
:07:23. > :07:23.China's factory sector lost momentum in April,
:07:24. > :07:25.with growth slowing to its weakest pace in seven months.
:07:26. > :07:27.The purchasing manager's index dropped to 50.3
:07:28. > :07:29.in April from 51.2 in March, indicating a slower
:07:30. > :07:33.However, the index shows the sector avoided a slowdown
:07:34. > :07:37.Any reading above 50 shows expansion of manufacturing activity.
:07:38. > :07:40.Twitter is working with media firm Bloomberg to create a 24-hour
:07:41. > :07:42.rolling news channel for the messaging service.
:07:43. > :07:45.The live video stream will be made up of original
:07:46. > :07:48.programming as well as feeds from Bloomberg bureaus.
:07:49. > :07:51.The deal builds on the live-streaming deals Twitter has
:07:52. > :08:01.done with others that spreads content via the social network.
:08:02. > :08:06.Let's take you to the United States because we are following the
:08:07. > :08:10.writers' strike in the US, some of our best-known TV shows could be
:08:11. > :08:15.facing a hiatus while the writers agree a deal. We will talk about
:08:16. > :08:19.this late in the programme because with the rise of things like Netflix
:08:20. > :08:22.and Amazon Prime and other streaming services we are not short of TV to
:08:23. > :08:26.watch but the amount of money those writers are getting for getting
:08:27. > :08:28.dumber coming up with those TV shows is falling sharply.
:08:29. > :08:32.That really is a brighter's block! A recovery operation is under way
:08:33. > :08:34.after an accident at a Samsung shipping yard in South Korea left
:08:35. > :08:38.six dead and many injured. Leisha Chi is in Singapore
:08:39. > :08:51.with the details. Explain what has gone wrong here. We
:08:52. > :08:56.have the Samsung conglomerate in the headlines again for the wrong
:08:57. > :08:59.reason. Their shipyard has seen all production halted after two cranes
:09:00. > :09:05.collided on Monday causing one of them to break and collapse on a
:09:06. > :09:09.workers' rest area. Six people were killed and we understand more than
:09:10. > :09:13.20 people injured. Police described the scenes as chaotic and rescuers
:09:14. > :09:19.are still searching for people trapped under all of the debris. We
:09:20. > :09:22.also understand the victims are subcontractors, they were building a
:09:23. > :09:28.$500 million ocean platform for the French energy giant Total. This
:09:29. > :09:31.incident is quite shocking for South Korea because the country has a
:09:32. > :09:39.history of very low industrial accidents. Samsung's company
:09:40. > :09:42.President of the shipyard has apologised and said he believes the
:09:43. > :09:47.accident took place because of a miscommunication between the crane
:09:48. > :09:52.drivers and signal people. But the exact cause is still under
:09:53. > :09:58.investigation. Thank you for that update, Leisha Chi, from Singapore.
:09:59. > :10:01.The Nikkei is up on Tuesday before a series of holidays in Japan so don't
:10:02. > :10:08.expect much movement over the next few days. Boosting the fortunes for
:10:09. > :10:11.exporters. From the United States, the rhetoric from the White House
:10:12. > :10:17.suggesting tensions may finally be easing with North Korea. That is
:10:18. > :10:20.certainly one to watch as far as the markets are concerned. Let's show
:10:21. > :10:23.you what is happening in Europe, BP's share price boosted the wider
:10:24. > :10:28.market but we also think that deal has been agreed with creditors over
:10:29. > :10:32.Greece's debts. We will discuss that more in a moment but that is likely
:10:33. > :10:35.to boost markets because the debt crisis rearing its ugly head once
:10:36. > :10:40.again as far as Greece is concerned and that really concerns investors
:10:41. > :10:44.elsewhere. We will talk about that more in a moment but first to the
:10:45. > :10:45.United States because Samira Hussein has details about the trading day
:10:46. > :10:48.ahead at Wall Street. The Federal Reserve
:10:49. > :10:53.begins its two-day meeting
:10:54. > :10:55.on interest rates on Tuesday. The policymakers will be issuing
:10:56. > :10:57.a statement at the end of the meeting with their assessment
:10:58. > :11:00.of the US economy and most crucially whether they vote in favour
:11:01. > :11:03.of a rise to US interest rates. On Tuesday the world's largest tech
:11:04. > :11:06.company will be reporting earnings and all eyes will be on Apple's
:11:07. > :11:09.iPhone sales for the quarter, Investors clearly have
:11:10. > :11:11.high expectations. The stock price for Apple hit
:11:12. > :11:14.a new record high in And also reporting,
:11:15. > :11:18.pharmaceutical giants The big story for Pfizer
:11:19. > :11:28.is that a few of their patents are about to expire
:11:29. > :11:32.while Merck has a cancer drug significant growth driver for the
:11:33. > :11:44.company. Interesting, so a lot to talk about
:11:45. > :11:46.in the United States, Samira Hussein will be on the case when it comes to
:11:47. > :11:48.Apple etc. Joining us is Kathleen Brook,
:11:49. > :11:55.research director for City Index. It is a busy time with Apple
:11:56. > :11:59.earnings and BP etc. One thing we wanted to talk about was Greece,
:12:00. > :12:04.coming through in the early hours of the morning that finally a deal on
:12:05. > :12:08.new measures and new reforms meaning they get much-needed funding. This
:12:09. > :12:12.has been going on for absolutely years. They are trying to extend the
:12:13. > :12:15.pension age. Make people older before they receive their pension,
:12:16. > :12:19.trying to sell off state assets, coal mines, power plants and that
:12:20. > :12:26.kind of thing. This still needs to be agreed by the Greek government.
:12:27. > :12:29.What I think is interesting is the Syriza party still in control, the
:12:30. > :12:31.far left, even they have got to grips with the reality of the
:12:32. > :12:34.financial situation. Greece has a massive payment to its lenders
:12:35. > :12:38.coming in July and needs its money now so we are really down to the
:12:39. > :12:42.wire. Reading a sigh of relief because it kept going beyond the
:12:43. > :12:48.deadline last year. Let's talk about a couple of stats because we have UK
:12:49. > :12:54.manufacturing, PMI, and Eurozone unemployment, snapshots of what is
:12:55. > :12:58.going on but it paints a picture of things on the mend? Certainly in the
:12:59. > :13:02.Eurozone. Their data has surprised expectations, it is outpacing the US
:13:03. > :13:06.and UK. Their first-quarter growth released this week is expected to
:13:07. > :13:12.show the Eurozone grew at a stronger rate than the US and UK in the first
:13:13. > :13:16.three months of the year. If we get a weaker PMI for the UK that will
:13:17. > :13:19.show alarm bells because we saw a slowdown in GDP for the first
:13:20. > :13:23.quarter, that is backward looking, this is a snapshot of now. If we are
:13:24. > :13:27.still weak going into the election, could that have implications? We
:13:28. > :13:31.will have to see. What are your thoughts on President from's
:13:32. > :13:36.comments on big banks on Wall Street? A throwaway comment in a TV
:13:37. > :13:38.interview when he said, I'm thinking of separating their consumer
:13:39. > :13:42.business from their investment banking business, and that meant
:13:43. > :13:44.stocks went all over the place on the marketplace. That is
:13:45. > :13:47.contradictory to what he said in January when he said he would scrap
:13:48. > :13:51.financial regulation to make it easier for these big banks to make
:13:52. > :13:54.money. Yes, there is a liability when it comes to President Trump
:13:55. > :13:59.about what he says and what impact that has on the markets but it also
:14:00. > :14:02.shows there are two imposing influences, the Republican Party
:14:03. > :14:05.want to see regulations scrapped but his electorate, the people who voted
:14:06. > :14:08.for him, don't like the big banks and want them broken up so he's
:14:09. > :14:12.balancing a fine line and sometimes he's not getting it quite right. The
:14:13. > :14:18.throwaway comments coming from Trump. They keep us busy! We will
:14:19. > :14:22.see you in a minute. Kashiling will be back later. -- Kathleen.
:14:23. > :14:26.We meet the Singaporean entrepreneur behind
:14:27. > :14:33.You're with Business Live from BBC News.
:14:34. > :14:37.That's what the British Chambers of Commerce is calling
:14:38. > :14:46.It's published its manifesto, titled - Brexit and Beyond -
:14:47. > :14:48.in which it also calls for clarity on what the UK's departure
:14:49. > :14:54.Mike Spicer is director of Economics at the BCC -
:14:55. > :15:04.Good morning to you. So, they are asking for clarity,
:15:05. > :15:07.asking for no more taxes. How hopeful are you that you will get
:15:08. > :15:11.either? What we really want to do is to
:15:12. > :15:13.reinforce the fact that for many businesses, although Brexit of
:15:14. > :15:17.course is very important and getting a good deal is important, decisions
:15:18. > :15:21.that are made around domestic policy matter as much if not more. As you
:15:22. > :15:25.said in your earlier piece, we have just had a weak quarter of GDP
:15:26. > :15:28.growth and one of the major components of that story was the
:15:29. > :15:32.upward pressure on prices and the effect that has on consumer spending
:15:33. > :15:35.and investment. We think there are many things the government can do
:15:36. > :15:43.starting with upfront costs that businesses paid, businesses do rates
:15:44. > :15:48.and so on to free up businesses to investigate. You will probably get
:15:49. > :15:51.very little in terms of promises from Theresa May because she said
:15:52. > :15:57.she will not make specific proposals on taxes. We have already heard some
:15:58. > :16:03.things over the weekend about VAT and so on. We are still hopeful that
:16:04. > :16:07.there is room for manoeuvre for the government after the election to be
:16:08. > :16:10.able to act on those upfront costs. It has made some movements in that
:16:11. > :16:15.direction over the past year but we need it to go further. Businesses in
:16:16. > :16:19.the UK pay the highest property taxes in the developed world. That
:16:20. > :16:23.can't be consistent with the competitive tax regime. In a period
:16:24. > :16:26.of economic uncertainty when we really want to create a great
:16:27. > :16:32.environment for businesses to grow and invest. For now, we have run out
:16:33. > :16:35.of time, thank you for your time, Mike Spicer, director of the colonic
:16:36. > :16:40.Sabha British Chambers of Commerce outwith its manifesto today, with
:16:41. > :16:46.hopes from the various candidates. We have the economic data coming in
:16:47. > :16:50.dropping in in the last few minutes. Revenues up and shares down, the
:16:51. > :16:56.online delivery app and takeaway firm says revenues were up by 46%,
:16:57. > :17:00.orders in the UK up by 17%. But as the headline suggests, whilst they
:17:01. > :17:03.are doing well it has not impressed shareholders.
:17:04. > :17:11.Keep NI on Just eat, something with kept an eye on in the business unit,
:17:12. > :17:15.its results have been but not enough for the markets today.
:17:16. > :17:26.BP shares are rising sharply after the British oil giant returned to a
:17:27. > :17:30.profit for the first three months of the year.
:17:31. > :17:33.All of that helped by higher oil prices. The company reporting $1.4
:17:34. > :17:35.billion. A quick look at how
:17:36. > :17:49.markets are faring. has a fairly hefty weighting. That's
:17:50. > :17:51.a snapshot of how things are going with. We're almost into 50 minutes
:17:52. > :17:57.of trade so far in Europe today. While the global economy may be
:17:58. > :18:00.showing signs of fatigue, the health and fitness sector is one
:18:01. > :18:06.area that continues to go According to a leading research
:18:07. > :18:10.firm, the so-called wellness industry is benefiting
:18:11. > :18:12.from an emerging Revenues are forecast to grow 6%
:18:13. > :18:22.between 2015 and 2020 and one company which is hoping
:18:23. > :18:23.to benefit from this The business was founded in 1996
:18:24. > :18:27.by one of Singapore's best known entrepreneurs,
:18:28. > :18:29.Cynthia Chua. The group now has outlets in London,
:18:30. > :18:32.Shanghai and New York. Sharanjit Leyl caught up
:18:33. > :18:34.with the company's founder over Thank you very much
:18:35. > :18:52.for inviting us into your spa. We're going to get a manicure
:18:53. > :18:55.while we do this interview. So, tell us a little bit about how
:18:56. > :18:58.you got into this business. So, I had a really
:18:59. > :19:00.short spell in banking. I felt that I didn't
:19:01. > :19:03.like the nine to five job. It was really short.
:19:04. > :19:07.I didn't like that. There were several options
:19:08. > :19:13.I was exploring, it could be childcare, it could be wellness,
:19:14. > :19:18.it could be day spa, so I contacted it and felt
:19:19. > :19:21.it was OK it was something that
:19:22. > :19:23.I would like to pursue and that's So when you first started
:19:24. > :19:26.tell awes bit about some So some of the challenges
:19:27. > :19:29.were like customer issues, business and corporation,
:19:30. > :19:33.there was so many areas and aspects to starting a business, not just
:19:34. > :19:36.mixing oils, holistic therapy. It was nice to have a combination
:19:37. > :19:40.of different people and when I got into the business I was perhaps 23
:19:41. > :19:44.or 25 so it was nice to have partners that
:19:45. > :19:46.were like in their 30s, who have been in
:19:47. > :19:50.company for sometime. So those challenges were kind
:19:51. > :19:53.of looked into by them and then I get to focus on the fun
:19:54. > :19:56.bits that I love to do. But you're also in other
:19:57. > :19:58.cities beyond Singapore, you're in London, New York,
:19:59. > :20:00.and Shanghai, multiple I think every city
:20:01. > :20:13.it is very different. For example going to China,
:20:14. > :20:16.you would think OK going to China could be easier than going to London
:20:17. > :20:20.or New York, but it was not true, I had like such a steep learning
:20:21. > :20:25.curve in China. The product registration
:20:26. > :20:29.is extremely difficult. So just to get the products before
:20:30. > :20:34.you could even have their products used in the saloon or for retail,
:20:35. > :20:37.the guidelines were strict, So all this cross-country
:20:38. > :20:41.intelligence and cultural thing that you need to know,
:20:42. > :20:44.they were very, very different. You feel that something
:20:45. > :20:46.is not suitable for you, That's very difficult and then
:20:47. > :20:55.the compliance, in terms of taxation, accounting,
:20:56. > :20:57.licensing of the beauty treatments, so there were a lot of things that
:20:58. > :21:01.were very, very difficult and I always think that in every
:21:02. > :21:04.city that you want it takes almost Someone said if you want to do
:21:05. > :21:09.something really well, You go in with that passion
:21:10. > :21:19.and I want to make London work. No matter what it is,
:21:20. > :21:24.I will make London work. The problems will come,
:21:25. > :21:26.but you tweak it, I'm creating a prototype,
:21:27. > :21:29.but we will work initially, but how do you fix it
:21:30. > :21:31.back and make it work? So I think every little step counts
:21:32. > :21:34.and then when you get that Now, you ventured into London
:21:35. > :21:39.in a big way just last year right before Brexit and we know
:21:40. > :21:41.there is a lot of uncertainty about the UK economy, so how is that
:21:42. > :21:44.impacting your future plans there? Well, of course, Brexit took
:21:45. > :21:46.everyone by surprise. So yeah, so the beauty block
:21:47. > :21:48.was really committed So with the Brexit, I wouldn't
:21:49. > :21:52.say that it impacted a lot on my business,
:21:53. > :21:54.but what I found disturbing was perhaps it creates
:21:55. > :21:57.a lots of nervousness among the staff because there is so many
:21:58. > :21:59.different nationalities that work in the cafe or the beauty tree
:22:00. > :22:03.and they are worried they will be So there is a lot of uncertainty
:22:04. > :22:10.and also with the currency exchange rate, it is quite
:22:11. > :22:12.a substantial drop. Almost like 20% and
:22:13. > :22:17.that's quite a bit. So that's there are pros and cons
:22:18. > :22:19.because of the exchange rate and that can affect the business
:22:20. > :22:25.in terms of purchase price So, we have come from your spa
:22:26. > :22:30.to one of your restaurants just down the road which is quite
:22:31. > :22:32.an unusual concept. But we're going to your
:22:33. > :23:02.restaurant cafe now. From cafes to spas, what next? The
:23:03. > :23:06.idea of having a farm in the city is something different. It is the
:23:07. > :23:16.journey of how I got here. So every little step, you know, got me here.
:23:17. > :23:25.Maybe we should have a manicure during Business Live!
:23:26. > :23:32.Kathleen is back. The head of the World Bank is
:23:33. > :23:38.pushing a terrifying prediction about jobs and it is all about
:23:39. > :23:44.robots? Two-thirds of jobs maybe lost to ought owemation. We think it
:23:45. > :23:49.might be bad in the UK, in the US Trump ran on that. The trouble is
:23:50. > :23:52.the robots, it is not like for like. There is not another job being
:23:53. > :23:59.replaced for the people displaced by the robots. The worrying thing of
:24:00. > :24:05.what that causes, mass unemployment, can lead to things like the Arab
:24:06. > :24:11.Spring. It does depend on how far does technology go? Will it continue
:24:12. > :24:14.to expand at the pace it has? If it does, will any of us have a job
:24:15. > :24:23.left? That's creating higher skilled jobs. It is getting rid of jobs, but
:24:24. > :24:27.this is focussed on developed economies where the jobs are
:24:28. > :24:31.relevant and needed? Where there is large populations that don't have
:24:32. > :24:35.the skills that need to be gainfully employed, but this will lead to
:24:36. > :24:39.things, an economic theme that's coming up is the national Living
:24:40. > :24:43.Wage which isn't just national, this could be global Living Wage to pay
:24:44. > :24:48.people if robots are taking over their jobs. That theme will get more
:24:49. > :24:55.and more relevant as the years go by. The comments we had from
:24:56. > :25:03.viewers, do you work with a robot, or would you do that. I feel I do!
:25:04. > :25:07.Annabel said yes. Another viewer says, "We need to find a balance
:25:08. > :25:10.between man and machine." But had is something we have been doing for
:25:11. > :25:18.generations, the balance between man and machine. I want to talk about
:25:19. > :25:21.TV. Netflix and Amazon Prime, loads of good TV? It is difficult to
:25:22. > :25:25.choose. The trouble is now we're getting more series that have
:25:26. > :25:30.shorter number of episodes. In the past episodes used to be like 22
:25:31. > :25:35.episodes a season. Writers get paid per script. So per episode, but
:25:36. > :25:41.these new shows that are coming on board take as long to film and
:25:42. > :25:43.writers have are not allowed to take on work for the whole production
:25:44. > :25:49.themement they are getting paid less, but not allowed to work
:25:50. > :25:53.elsewhere in that period while those shows are getting shot. So they
:25:54. > :25:59.could go on strike and the decision is today, isn't it? It is and we'll
:26:00. > :26:00.watch it closely. We're out of time. Thank you, Kathleen.
:26:01. > :26:11.Bye. Good morning. The sun was out to
:26:12. > :26:12.start the day in parts