:00:10. > :00:14.This is Business Live from BBC News with Ben Thompson and Sally Bundock.
:00:15. > :00:17.Facebook closes in on two billion users and is making bigger profits
:00:18. > :00:19.but are there growing threats to its reputation?
:00:20. > :00:36.Live from London, that's our top story on Thursday 4th May.
:00:37. > :00:38.Facebook's profits jumped to just over $3 billion
:00:39. > :00:41.in the first quarter - that's up 76% rise on last year -
:00:42. > :00:51.but can it crackdown on extremist videos and inappropriate content?
:00:52. > :00:55.It's a different picture at banking giant HSBC.
:00:56. > :00:58.Profits slump by $5 billion - but the boss calls it a "good set
:00:59. > :01:11.And ahead of key service sector data across Europe -
:01:12. > :01:13.we'll look at how the numbers are shaping up.
:01:14. > :01:15.And harnessing the power of 3D printing in health care.
:01:16. > :01:17.We meet the firm that's revolutionising the way
:01:18. > :01:20.artificial limbs are made - making them cheaper and easier
:01:21. > :01:27.Like it or loath it - Facebook is bigger -
:01:28. > :01:29.more profitable - and more controversial than ever.
:01:30. > :01:39.What do you think about that? Has it got too much influence?
:01:40. > :01:48.We start with Facebook - because despite the ongoing
:01:49. > :01:50.controversy over everything from fake news to extremist
:01:51. > :01:52.and violent content - the social network just keeps
:01:53. > :01:58.Facebook has been warning for some time it can't keep
:01:59. > :02:00.growing at this rate - but the latest results show no
:02:01. > :02:07.Facebook made profits of just over $3 billion in the first
:02:08. > :02:12.That's a jump of more than 76% on the same period last year -
:02:13. > :02:13.and more than investors were expecting.
:02:14. > :02:19.And it is creeping ever closer to two billion users -
:02:20. > :02:25.1.94 billion people are now actively on the social media
:02:26. > :02:27.platform every month, up 17% on this time last year.
:02:28. > :02:31.It's added 80 million new users over the past three months alone.
:02:32. > :02:34.Businesses want to reach that audience so badly that last year
:02:35. > :02:43.they spent almost $27 billion advertising on Facebook.
:02:44. > :02:51.That's more than was spent on adverts with any company
:02:52. > :02:59.And the figure is expected to be well over 30 billion this year.
:03:00. > :03:04.It's not just advertisers that love Facebook - so do investors.
:03:05. > :03:06.This week Facebook shares hit yet another all-time high,
:03:07. > :03:13.this is how they've done over the last five years,
:03:14. > :03:15.giving the company a stock market value of about $440 billion.
:03:16. > :03:18.But amid growing criticism over content including fake news,
:03:19. > :03:20.as well as extremist and violent material, the company says it
:03:21. > :03:31.will hire 3,000 people to monitor and remove such posts.
:03:32. > :03:33.Raoul Lumb is a technology lawyer with the law firm
:03:34. > :03:45.Good morning. Good to see you again. We have talked through the detail.
:03:46. > :03:49.The situation at the moment, at least for now, seems to be Facebook
:03:50. > :03:53.is going better and further than analysts expect, and yet it is
:03:54. > :03:58.always warning us that in the next quarter, or even maybe in the next
:03:59. > :03:59.quarter things will slow down. Classic managing investor
:04:00. > :04:03.expectations, any business with those results in this quarter would
:04:04. > :04:07.have been delighted and it would have been a success story for
:04:08. > :04:13.Facebook. All they ever say is will we sustain its next year? If you dig
:04:14. > :04:17.deeper, near to 2 billion active users, it all sounds very strong,
:04:18. > :04:22.what is behind the figure? The growth in Facebook users has been
:04:23. > :04:25.markets outside the EU, Canada and US, they are established markets, it
:04:26. > :04:30.has been Asia Pacific and what Facebook describes as rest of world.
:04:31. > :04:35.Those are users under the age of 25 and that is the sector people say
:04:36. > :04:39.Facebook is beginning to lose. Is that the users they want? The under
:04:40. > :04:44.25-year-olds? They are most likely to be moved by advertising on
:04:45. > :04:49.Facebook? Is that the thinking? Perhaps, the problem Facebook has is
:04:50. > :04:53.if it continually it acquires older users its user base drops away and
:04:54. > :04:55.Facebook's advertising business is predicated on getting the most
:04:56. > :05:00.eyeballs in front of adverts as possible. If your user base declines
:05:01. > :05:05.than its revenues go down. What about the news it is hiring 3000
:05:06. > :05:08.more people to try and help police the social media site? I found it
:05:09. > :05:13.interesting that they need humans to do that and have not yet got the
:05:14. > :05:16.technology to do that for them. They will reluctantly hire 3000
:05:17. > :05:18.moderators in the face of a number of outcries about content on
:05:19. > :05:21.Facebook this year and have described it as a significant cost
:05:22. > :05:25.on business that will put the squeeze on revenues. But you are
:05:26. > :05:29.right, there are moves in Facebook to get that job done, it's an
:05:30. > :05:32.enormous investor in the field of artificial intelligence and that is
:05:33. > :05:36.something investors think might help it grow in the future. Artificial
:05:37. > :05:40.intelligence and the latest biggest event talked a lot about artificial
:05:41. > :05:43.intelligence and there is a lot of concern about the sheer volume of
:05:44. > :05:46.data they have on all of their users and what they might do with that.
:05:47. > :05:49.Quite right, there has been real concern that the sheer amount of
:05:50. > :05:52.data Facebook has about Facebook users across the various Facebook
:05:53. > :05:58.channels that exist means they might be able to target adverts based on
:05:59. > :06:06.things like one's emotional state, if you are angry or sad. What
:06:07. > :06:09.Facebook will need to do is increase the price people pay for an
:06:10. > :06:12.individual advert server becomes attention for Facebook whether it is
:06:13. > :06:15.willing to allow that kind of targeting to businesses. At the
:06:16. > :06:18.moment Facebook users are just handing over this information about
:06:19. > :06:24.ourselves absolutely for nothing really. And yet they are building
:06:25. > :06:29.huge value on all that data they hold. Will we get to a point where
:06:30. > :06:33.we can monetise our own data? Highly unlikely, if a service is free then
:06:34. > :06:35.you are the product, as they say and that's the case with Facebook. There
:06:36. > :06:38.are moves in the European Union to give people greater control of their
:06:39. > :06:43.personal data but there is nothing in that raft of legislation that
:06:44. > :06:46.will undermine the business model of Facebook significantly. Raoul Lumb,
:06:47. > :06:50.good to talk to you, thank you for your analysis. Let's bring you
:06:51. > :06:51.up-to-date with the other business news.
:06:52. > :06:55.There's been a huge rise in profits at one of the world's biggest
:06:56. > :07:01.Analysts had been expecting a strong quarter thanks to higher oil prices.
:07:02. > :07:03.Chief executive Ben van Beurden says there were notable improvements
:07:04. > :07:05.in its extraction business and chemicals processing
:07:06. > :07:07.divisions as well as better market conditions.
:07:08. > :07:09.The Australian government has warned that mining giant BHP Biliton
:07:10. > :07:12.could face criminal charges if it tries to move out of the country,
:07:13. > :07:14.arguing it would be against the national interest.
:07:15. > :07:17.The activist investor Elliott Management wants
:07:18. > :07:19.BHP to be listed only on the London Stock Exchange instead
:07:20. > :07:25.of the current structure also involving Sydney.
:07:26. > :07:27.Elliott says the change would allow the company to give more
:07:28. > :07:40.The sportswear firm Adidas has reported bigger than expected
:07:41. > :07:44.profits for the first three months of this year.
:07:45. > :07:47.It made about $495 million thanks to strong growth in online sales
:07:48. > :07:53.and in North America where it's battling Nike for market share.
:07:54. > :07:58.The demand for products were strong across the world with the exception
:07:59. > :08:05.of Russia. North America did particularly well for the firm.
:08:06. > :08:06.Let's talk in more detail about HSBC.
:08:07. > :08:14.Europe's biggest bank is listed in Hong Kong as well as in London. It
:08:15. > :08:17.has big operations in Asia and Europe, it reported a 90% fall in
:08:18. > :08:23.profits for the first three months of this year. But here is the rub.
:08:24. > :08:31.The chief Executive Stuart Gulliver called the figure is a good set of
:08:32. > :08:36.results. Why is that? Therefore in profits but they are a good set of
:08:37. > :08:41.results, explain that for us, Sarah Toms. As you said he is a happy man
:08:42. > :08:46.but it is good news of sorts, although it may not sound like it.
:08:47. > :08:51.Although as you said first-quarter profits fell to around 19%, that is
:08:52. > :08:57.just under $5 billion for the first three months of the year. This is
:08:58. > :09:00.much better than analysts expected and HSBC itself says the fall was
:09:01. > :09:05.mostly down to accounting changes and also the fact that last year's
:09:06. > :09:11.results including earnings from its business sold in July last year.
:09:12. > :09:14.Also, its pre-tax profits have actually gone up 12% in the first
:09:15. > :09:21.quarter to nearly 6 billion US dollars. These results gave HSBC's
:09:22. > :09:25.share price in Hong Kong a bit of a boost today, shares rose about 2%
:09:26. > :09:31.after the announcement, and finally the company seems to be moving from
:09:32. > :09:36.restructuring to growth. But shareholders must not get too
:09:37. > :09:39.excited as they are not likely to see any extra payments. HSBC says it
:09:40. > :09:45.will hold its dividend steady for now.
:09:46. > :09:48.Sarah, good to see you, thank you for explaining that. Ignore the
:09:49. > :09:51.Nikkei logo you saw on the screen because it's closed for the second
:09:52. > :09:55.day of a holiday so those figures are from early on the week. I have
:09:56. > :10:02.put Brent on there because of Shell, oil prices above $50 part of the
:10:03. > :10:07.reason why Shell have done better, $3.4 billion. Analysts expected the
:10:08. > :10:13.figures to be pretty good after oil prices started rising. Down 1% on
:10:14. > :10:17.the day. I want to show you what happened in the United States, the
:10:18. > :10:20.Dow Jones pretty flat after the US Fed held interest rates unchanged,
:10:21. > :10:27.investors wading through a whole raft of other earnings. This is what
:10:28. > :10:30.Europe is doing at the moment, remember, we get an update on the
:10:31. > :10:38.services sector, the latest PMI data. In the UK forecasts for two
:10:39. > :10:42.54.7 from the previous reading of 55, it still accounts for three
:10:43. > :10:46.quarters of the UK economy so it's pretty important. We will also get
:10:47. > :10:50.figures from elsewhere across Europe, all of this after a bounce
:10:51. > :10:54.back in manufacturing in construction. We will get the PMI
:10:55. > :10:58.for Spain, Italy and France and Germany, so those are ones to watch
:10:59. > :11:01.closely. As promised, let's head to the United States and Samira Hussein
:11:02. > :11:05.has the details about the day ahead on Wall Street.
:11:06. > :11:08.There has been much talk by President Trump about the country's
:11:09. > :11:10.On Thursday the US Commerce Department will likely
:11:11. > :11:13.report new numbers that show that America's trade deficit actually
:11:14. > :11:17.Now, that is surely going to get some attention from the
:11:18. > :11:20.In earnings news the world's largest brewer Anheuser-Busch InBev will
:11:21. > :11:24.And the focus will be on Brazil were volumes have been
:11:25. > :11:29.They will also be a focus on its largest
:11:30. > :11:32.market, the United States, which could have also had a bit
:11:33. > :11:40.And finally, if you've played Farmville all Words
:11:41. > :11:42.With Friends, well then you are probably
:11:43. > :11:51.part of the reason why the
:11:52. > :11:53.company that created those two games, Zynga,
:11:54. > :11:57.Investors are going to be looking at the new games
:11:58. > :12:08.James Quinn, Group business editor of Telegraph Media Group .
:12:09. > :12:14.We were chatting about so many results out this morning. First,
:12:15. > :12:20.Shell. Goodies, the oil prices up 55% in the first quarter so that has
:12:21. > :12:26.been a factor -- good news. The BG Group? The acquisition in the third
:12:27. > :12:32.quarter last year, they have taken costs out of that so it is good news
:12:33. > :12:36.and good numbers for Shell. Overall BP and Shell, all good news
:12:37. > :12:43.relatively speaking. Relatively good, all eyes to see when it will
:12:44. > :12:50.list and all eyes to the market and who will be in charge. We have
:12:51. > :12:54.talked about HSBC. I want your take on it. We talked about Sarah in New
:12:55. > :12:57.York but it's been tough for the big banks, we have had all of this
:12:58. > :13:02.change in regulation, investment banking isn't as big as it was.
:13:03. > :13:05.These numbers don't look as good as this time last year. The numbers
:13:06. > :13:09.this time last year included the sale of their Brazilian arm so they
:13:10. > :13:13.were a little inflated as it were. It is hard for a backlight HSBC but
:13:14. > :13:16.it has such a massive reach all around the world and has a good mix
:13:17. > :13:22.of retail and investment banking. Is it hard? Yes but if you're doing it
:13:23. > :13:29.right you can make it work. Tesla's results were out yesterday. They are
:13:30. > :13:34.selling more cars. It is not making a profit, as you say, but it says it
:13:35. > :13:38.will meet the deadline of July to get the mass-market model out there.
:13:39. > :13:42.That's right. As you say, the magic of Musk. If you are an electric car
:13:43. > :13:46.geek you want him to succeed and want to see those products
:13:47. > :13:50.mass-market, clearly to date they have been expensive and only for the
:13:51. > :13:53.privileged few. Now you can get the mass-market out there, that's the
:13:54. > :14:03.big question. Can he get products out on time and will they work? What
:14:04. > :14:05.I find phenomenal about his company, he keeps seemingly breaking records,
:14:06. > :14:11.the fact it has a market value bigger than Ford now. It is a lot of
:14:12. > :14:15.hope over reality. There was a point whereby this is a good buy to the
:14:16. > :14:22.old car makers and hello to the likes of Tessalit and others, or is
:14:23. > :14:25.it just the magic of Musk? -- Tesla. We will delve more deeply into that
:14:26. > :14:32.later and talk about Facebook again because we are asking whether it has
:14:33. > :14:36.too much power, all these new users being signed up, record ad revenue.
:14:37. > :14:43.Dev says I've never signed up to Facebook, nor do I use it? Does it
:14:44. > :14:47.have too much influence? Yes. Clearly not on your life. I used to
:14:48. > :14:51.wake up with the paper and now I wake up with Twitter and Facebook in
:14:52. > :14:55.bed. Keep your comments coming in. Still to come, harnessing the power
:14:56. > :14:59.of 3D printing. We are going to meet the firm revolutionising the way
:15:00. > :15:03.prosthetic limbs are made, using that to make them cheaper and easier
:15:04. > :15:04.for the people that need them. You're with Business Live from BBC
:15:05. > :15:19.News. Pelle another set of disappointing
:15:20. > :15:26.trading figures for the housing giant, Next in the UK. Like-for-like
:15:27. > :15:34.sales fell by 3%. It has forced Next to lower its expectations. Theo
:15:35. > :15:39.Leggett is in our newsroom. How bad is it? Just look at the reaction
:15:40. > :15:44.from investors. Next's share price has been down around 6.5%. Although
:15:45. > :15:48.the markets were braced for pretty disappointing results from Next,
:15:49. > :15:51.they reported full year earnings down to the first time in eight
:15:52. > :15:56.years back in March and they said there were problems, this was worse
:15:57. > :15:59.than expected, and particularly bad in its high-street business. Sales
:16:00. > :16:05.in its high-street business were down 8%. So the overall figure was
:16:06. > :16:08.only bumped up by the fact its catalogue and online division, next
:16:09. > :16:14.directory, is actually doing rather well and saw a 3.3% boost to its
:16:15. > :16:17.sales. Overall the picture is high-street sales sharply down,
:16:18. > :16:22.profits this year expected to be down, guidance for the next quarter
:16:23. > :16:27.not great. Next is doing something wrong. The chief executive has
:16:28. > :16:31.already given an indication of what it has been doing wrong. He said
:16:32. > :16:36.earlier this year things had been getting a bit too racy. It had been
:16:37. > :16:40.investing too much in new and trendy and exciting fight rinds and
:16:41. > :16:43.neglecting the stable items like blouses and shirt is that people
:16:44. > :16:50.have been coming in to get the years so that is what the problem is.
:16:51. > :16:58.Interesting. Next among the many companies, but not all bad from
:16:59. > :17:03.retail. Morrisons, the live page there on the Business Live page. All
:17:04. > :17:05.of the business data that has come through, Morrisons reporting its
:17:06. > :17:14.sixth consecutive quarter of sales growth. With a rise that came in
:17:15. > :17:17.more than double what analysts were forecasting, particularly prominent
:17:18. > :17:22.in the North of England, we should say, it is my local when I am at
:17:23. > :17:27.home. It has now got its deal to sell groceries through Amazon which
:17:28. > :17:31.could be a big boost. Next we have mentioned it is not doing well at
:17:32. > :17:37.all. The oh talk about that. Punch taverns also coming up with
:17:38. > :17:41.disappointing news. Rangel doing very well but Punch taverns
:17:42. > :17:45.suffering a slowdown with a fall of 1.2% in the first quarter. Adidas
:17:46. > :17:54.soaring and Shell doing well. You're watching Business Live -
:17:55. > :17:56.our top story: Facebook nears two billion users and profits have
:17:57. > :18:00.jumped to just over $3bn in the first quarter -
:18:01. > :18:09.that's up 76% rise on last year. A quick look at how
:18:10. > :18:18.markets are faring... In Europe, Facebook shares went down
:18:19. > :18:22.in after-hours trade on Wall Street. Those figures as good as they are
:18:23. > :18:26.worth not enough to counter fears that Facebook could be losing
:18:27. > :18:29.momentum in the future. These are the European markets. I have to say,
:18:30. > :18:33.the good news outweighing the bad. We have mentioned some of the
:18:34. > :18:38.winners and losers already. Shell shares are up some 3%, as our HSBC
:18:39. > :18:39.shares. We will touch on that later. Now the something entirely
:18:40. > :18:43.different. 3D printing is a technology
:18:44. > :18:45.that is in many ways By building different objects one
:18:46. > :18:49.layer at a time from a range of materials it allows very complex
:18:50. > :18:52.and intricate designs to be made quickly but accurately
:18:53. > :18:54.And it is already changing lives Open Bionics is a company
:18:55. > :18:59.which hopes to use 3D printing technology to reduce the cost
:19:00. > :19:05.of prosthetic limbs. The business provides open
:19:06. > :19:07.source code which can be This allows amputees
:19:08. > :19:15.to construct their own bionic Open Bionics has teamed up
:19:16. > :19:19.with movie companies and other content providers to provide a range
:19:20. > :19:29.of themed prosthetics. The company's bionic limbs
:19:30. > :19:34.feature designs from film titles such as Frozen,
:19:35. > :19:37.The Avengers and even Star Wars. Samantha Payne is the founder
:19:38. > :19:49.of Open Bionics. Semantic, nice to see you, thanks
:19:50. > :19:51.for coming in. It is a fascinating concept, not least the 3-D printing
:19:52. > :19:59.application but what you have put it with. Talk us through how it works
:20:00. > :20:02.first of all. The entire device is completely 3-D and had. We would
:20:03. > :20:07.meet up with a young amputee, or they would go to a clinic, we would
:20:08. > :20:10.take a 3-D scan of their limb and 3-D print them a completely custom
:20:11. > :20:15.design and have it with them less than a week. At the moment
:20:16. > :20:18.prosthetics take at least three months to make so that is a big
:20:19. > :20:21.reduction in time. They pop the end of their limb inside the socket and
:20:22. > :20:24.there are sensors in the arm that allow them to control the device
:20:25. > :20:28.they can move their fingers individually. This type of limb is
:20:29. > :20:33.not available currently the children because they are just too expensive.
:20:34. > :20:38.And of course children are growing fast or they need new limbs very
:20:39. > :20:42.often. That's right. Advanced bionic hands, multi grip bionic limbs don't
:20:43. > :20:47.exist at all because Noppie makes them small enough. We have made
:20:48. > :20:51.these for ten-year-olds, as you saw previously, and we will go down to
:20:52. > :20:54.children as young as eight. That is a really exciting improvement in the
:20:55. > :21:00.industry. Tell us what this will cost. We are hoping to have it out
:21:01. > :21:03.for less than ?5,000. At the moment, bionic limbs were the same
:21:04. > :21:08.functionality you are paying at least ?25,000 and it can cost you up
:21:09. > :21:13.to ?60,000, so 3-D printing has revolutionised that. To state that
:21:14. > :21:18.clearly, this would cost around ?5,000, currently an equivalent is
:21:19. > :21:21.?25,000 to ?60,000, so for a big buyer like the National Health
:21:22. > :21:25.Service, that would have a significant impact. Yes, and they
:21:26. > :21:27.want to give the best of their patients and they are really
:21:28. > :21:31.enthusiastic about this technology. We have a product development
:21:32. > :21:32.contract with them and we are embarking on our
:21:33. > :21:36.trial with them this month, so they trial with them this month, so they
:21:37. > :21:40.will be giving ten of their patients these hands this month. I just want
:21:41. > :21:43.to explain a little bit for people who are ready sure about the 3-D
:21:44. > :21:47.printing element. You can sort of get an idea here, all of this looks
:21:48. > :21:50.grey and polished on the outside and then it is built up of layer after
:21:51. > :21:55.layer after layer, so you can download the designs throughout
:21:56. > :21:58.online, this open source software and then go away and print yourself
:21:59. > :22:02.and that is what is so important here. I suppose it begs the question
:22:03. > :22:08.how do you make money if you are giving it away for free? We are open
:22:09. > :22:12.source, so anyone can take our code and programme their own hands or
:22:13. > :22:17.take a basic code and printed out at home. But our financial value comes
:22:18. > :22:25.in the terms of the aesthetic designs. We have partnered with lots
:22:26. > :22:29.of creative companies, TSX and Disney have kindly got behind the
:22:30. > :22:33.project and given us royalty free licenses to use them as loved
:22:34. > :22:37.characters. So young children who need to use one of these don't feel
:22:38. > :22:40.different or strange going to school perhaps with a prostatic limb,
:22:41. > :22:44.because they have got a pretty cool one from one of their favourite
:22:45. > :22:49.characters? That's the idea, yes, they feel really powered and just as
:22:50. > :22:53.good as their favourite superhero. You are a technology generalist, you
:22:54. > :22:59.had nothing to do at all, really, you just met someone who had the
:23:00. > :23:02.idea? Yes, my co-founder, Joel, was working on a very early stage
:23:03. > :23:08.robotic and three years ago, and he needed some help. It wasn't anywhere
:23:09. > :23:12.near where it is now, and we worked together to get some funding in and
:23:13. > :23:17.build the company, and now we are a fast-growing team of 12, in Bristol.
:23:18. > :23:21.It is a really exciting time for us to stop we are hiring and growing
:23:22. > :23:25.really quickly. It has been brilliant to meet you this morning,
:23:26. > :23:29.Samantha. Incredible technology and the things you can do with it now.
:23:30. > :23:34.The reason why she is here today is partly because it is made for. May
:23:35. > :23:35.the 4th be with you. Star Wars day, lots of Star Wars fans around the
:23:36. > :23:48.world getting excited. The Business Live page is where you
:23:49. > :23:51.can stay ahead of all the day was backbreaking business news. We will
:23:52. > :23:54.keep you up-to-date with all the latest details with insight and
:23:55. > :24:00.analysis from the BBC's team of editors right around the world. We
:24:01. > :24:09.want to hear from you too. Get involved on the BBC Business Live
:24:10. > :24:17.web page. You can find us on Facebook. Business Live on TV and
:24:18. > :24:20.online whenever you need to know. As promised, James has returned to talk
:24:21. > :24:27.about some of the stories in the papers. This one in the Independent.
:24:28. > :24:32.Actually this one about the property market in the Guardian, buying a
:24:33. > :24:36.home you get a free car. Offers galore, as London estate agents
:24:37. > :24:40.struggle to sell. Quite an eye-catching story, based on the
:24:41. > :24:43.fact that property prices, prime property prices in central London,
:24:44. > :24:48.over 1.5 million, not selling quickly as they were this time last
:24:49. > :25:00.year. A good example, one developer in Muswell Hill, at one point ?9
:25:01. > :25:06.million -- ?1.9 million flat, you get an ?18,000 car. It probably
:25:07. > :25:16.wouldn't sway you that much was that if it was a Tesla, maybe. You are
:25:17. > :25:22.obsessed with Tesla! Or Elon Musk. OK, let's move on. Could this be the
:25:23. > :25:26.new sub-prime crisis? May become and some analysts are picking that, 90%
:25:27. > :25:30.of cars in the UK are bought on finance. It is looking at whether
:25:31. > :25:34.people are overextending themselves over these lifetime plans, whereby
:25:35. > :25:38.you buy a car, change it every three years, never really own it. If
:25:39. > :25:43.interest rates went up to five or 10%, what would that do to the value
:25:44. > :25:46.of the loan and how much you would have to repay? And that is the
:25:47. > :25:50.reason we have seen such great car sales of late. Nice to see you, good
:25:51. > :25:51.stuff. That is it from us on the show, same time, same place tomorrow
:25:52. > :26:11.we will see you. A lot of Fairweather around at the
:26:12. > :26:13.moment but not in the sense of evenhanded. High-pressure dominant
:26:14. > :26:14.but look at the range of