22/05/2017 BBC Business Live


22/05/2017

Similar Content

Browse content similar to 22/05/2017. Check below for episodes and series from the same categories and more!

Transcript


LineFromTo

This is Business Live from BBC News with Sally Bundock and Ben Thompson.

:00:00.:00:10.

President Trump leaves Saudi Arabia with hundreds

:00:11.:00:14.

of billions of dollars of trade deals for the United States

:00:15.:00:25.

Live from London, that's our top story on Monday, 22nd May.

:00:26.:00:37.

Is it a simple win the for the United States economy

:00:38.:00:43.

or is there a bigger cost of doing business in Saudi?

:00:44.:00:50.

We will talk you through what's at stake.

:00:51.:00:57.

Also in the programme, Hong Kong's

:00:58.:00:58.

flagship airline makes it biggest change of course for 20 years,

:00:59.:01:00.

but can job cuts land the saving Cathay Pacific needs?

:01:01.:01:05.

A new trading week is under way. The debt crisis in Greece is back in

:01:06.:01:11.

focus. We'll tell you all you need to know.

:01:12.:01:13.

And we'll be getting the inside track on one man's effort

:01:14.:01:16.

It might look like a kid's toy, but with some of the biggest names

:01:17.:01:23.

in music want to get their hands on it, we meet the man

:01:24.:01:26.

So today we want to know, what was your first

:01:27.:01:29.

Let us know. Just use the hashtag BBCBizLive.

:01:30.:01:43.

We begin with US President Donald Trump who is about to leave

:01:44.:01:55.

That's his next stop on his foreign tour.

:01:56.:02:05.

Over the weekend in Riyadh he signed agreements worth hundreds

:02:06.:02:10.

of billions of dollars between Saudi and American firms.

:02:11.:02:12.

The deals are said to be worth more than $350 billion over the next ten

:02:13.:02:16.

years and build on America's decades-long alliance with

:02:17.:02:18.

Now Saudi Arabia is trying to diversify its economy away

:02:19.:02:25.

from oil after crude oil prices slumped by half over

:02:26.:02:27.

And among the US firms trying to work with Saudi

:02:28.:02:33.

Arabia's private sector the likes of Honeywell,

:02:34.:02:35.

A key part of the agreement is a $110 billion arms deal

:02:36.:02:43.

which the White House says is the single biggest in US history.

:02:44.:02:46.

It will supply a range of military items including planes,

:02:47.:02:48.

ships, sophisticated radar and precision-guided bombs.

:02:49.:02:51.

The arms deal is part of a tough stance that Mr Trump appears

:02:52.:02:55.

to be taking on Iran, a move that will please

:02:56.:02:57.

It is in sharp contrast to his predecessor Barack Obama,

:02:58.:03:06.

who in 2015 signed the nuclear deal with Iran.

:03:07.:03:10.

Speaking on Sunday, Mr Trump singled out Iran for criticism,

:03:11.:03:13.

accusing it of fuelling sectarian conflict and terror

:03:14.:03:15.

Until the Iranian regime is willing to be a partner for peace, all

:03:16.:03:28.

nations and countries must work together to isolate Iran, deny it

:03:29.:03:35.

funding for terrorism, cannot do it and pray for the day when the

:03:36.:03:41.

Iranian people have the just and righteous Government they so richly

:03:42.:03:42.

deserve. Esfandyar Batmanghelidj is the

:03:43.:03:46.

Founder of the Europe-Iran Forum. Let's talk about the deal. A big

:03:47.:03:59.

deal that Trump has been keen to hail as a successful outcome of that

:04:00.:04:04.

trip. It was began by Obama, but $110 billion, what do you make of

:04:05.:04:08.

the deal? Well, I think the deal and the Riyadh summit was largely an

:04:09.:04:11.

opportunity for Saudi Arabia to demonstrate that they are

:04:12.:04:16.

controlling sort of the US approach to Middle East policy and the size

:04:17.:04:21.

of the deal, $110 billion is a transparent attempt to put a price

:04:22.:04:25.

tag on the US-Saudi strategic relationship. If you look at it from

:04:26.:04:32.

the prospect of Saudi's rival Iran, it is an amount they cannot match.

:04:33.:04:36.

The only comparable deals Iran has with the United States are two

:04:37.:04:38.

pending contracts with Boeing for the sale of commercial aircraft,

:04:39.:04:43.

those amount to merely $11 billion. So we're talking about ten times

:04:44.:04:47.

more economic value that Trump is delivering at the summit. I suppose

:04:48.:04:52.

if you're Boeing, it is still good news to have an $11 billion deal,

:04:53.:04:56.

but you're right, in terms of financial influence and therefore,

:04:57.:04:59.

economic and political influence, Iran can't compete with Saudi

:05:00.:05:03.

Arabia? That's it. On a company by company basis Iran remains an

:05:04.:05:06.

attractive market for US companies. The companies that were just

:05:07.:05:11.

mentioned Honeywell and General Electric are looking at the Iranian

:05:12.:05:15.

market and there is significant investment, but the overall picture

:05:16.:05:18.

is clear if money is what's going to talk for Donald Trump, Iran will

:05:19.:05:22.

have a hard time getting their influence heard in Washington and so

:05:23.:05:26.

they will have to find other avenues and rely on other international

:05:27.:05:30.

partners to anchor their relationship in the international

:05:31.:05:33.

community. An important time for Iran too, of course, a time of big

:05:34.:05:38.

change in terms of the elections, change and no change depending on

:05:39.:05:42.

which way you look at it, but crucially, Iran is able to look

:05:43.:05:45.

further afield after lifting of sanctions, it is back in from the

:05:46.:05:49.

cold. It has more opportunities. Opportunities that don't rely on the

:05:50.:05:55.

United States? I think so. The incumbent president won a resounding

:05:56.:05:59.

victory on Friday. There was 72% voter turn-out, he won nearly 60% of

:06:00.:06:04.

the vote and elections are a rare occurrence in the Middle East and

:06:05.:06:07.

don't take place in Saudi Arabia. So in some ways it was an opportunity

:06:08.:06:11.

for Iran to put their best foot forward and demonstrate that they

:06:12.:06:14.

are not simply the malign influence in the Middle East that Donald Trump

:06:15.:06:19.

has portrayed them as in his speech. So where will Iran are looking next?

:06:20.:06:24.

Europe is the key destination. The fact that President Trump has so

:06:25.:06:29.

quickly alined himself with a particular Saudi view of how the

:06:30.:06:33.

Middle East should be alined has opened up space for Iran to really

:06:34.:06:37.

re-engage with Europe at' deeper level of foreign policy and say that

:06:38.:06:41.

not only are there potential economic opportunities, but there is

:06:42.:06:45.

an opportunity to create a more constructive agenda for relations in

:06:46.:06:50.

the Middle East at large and president Rahane was re-elected

:06:51.:06:53.

because the Iranian people believe that he is able to advocate for them

:06:54.:06:56.

on that stage. Really interesting stuff. It's a fascinating one for us

:06:57.:07:02.

to follow. It is really good to talk to you.

:07:03.:07:13.

Let's take a look at some of the other stories making the news.

:07:14.:07:16.

The Japanese technology and telecoms giant Softbank says it has closed

:07:17.:07:18.

the first part of its massive investment fund after having

:07:19.:07:21.

Masayoshi Son who is the company's founder only launched it in October.

:07:22.:07:25.

Apple, Foxconn and the soverign wealth funds of Saudi Arabia

:07:26.:07:28.

and the United Arab Emirates are amongst those to have committed

:07:29.:07:30.

money to the fund which aims to invest make long-term investments

:07:31.:07:32.

Airbus has appointed a panel of independent consultants after UK

:07:33.:07:37.

regulators launched a bribery investigation looking

:07:38.:07:39.

The aerospace firm says that the panel

:07:40.:07:59.

which consists of former European ministers will be given access

:08:00.:08:01.

The UK Serious Fraud Office's investigation follows a similar

:08:02.:08:05.

Leaked documents have revealed the ethical policies carried out

:08:06.:08:08.

According to the Guardian newspaper, the company does NOT instruct

:08:09.:08:12.

employees to remove content showing violent death,

:08:13.:08:13.

The news comes amid calls for Facebook to play a bigger role

:08:14.:08:17.

in censoring content which some users may find offensive.

:08:18.:08:19.

A quick look at the Business Live page for you. There is one story in

:08:20.:08:25.

town as far as the United States is concerned. Ford relaying their Chief

:08:26.:08:32.

Executive Mark Fields. It follows a major reshuffle at the car maker.

:08:33.:08:35.

The New York Times now reporting this. This comes after poor sales,

:08:36.:08:41.

falling profits for the car maker, a 40% decline in its share price. So

:08:42.:08:46.

Ford's boss out it seems. We will talk more about that later.

:08:47.:08:56.

Let us focus on Hong Kong's flagship airline Cathay Pacific

:08:57.:08:59.

is going to carry out it's biggest shake-up in 20 years.

:09:00.:09:01.

It means hundreds of job losses and comes after last years losses

:09:02.:09:04.

which were only the third full year losses in its seven

:09:05.:09:07.

So another reshuffle, Cathay really trying to do something different

:09:08.:09:16.

after that significant loss? Yes, you have to remember this is under

:09:17.:09:24.

its new CEO as well. They're getting rid of 600 employees as part of this

:09:25.:09:31.

revamp. Now, remember this is Cathay is Asia's biggest airline. 600 jobs

:09:32.:09:35.

going away, the majority of whom will actually be told today and most

:09:36.:09:40.

of these will be back office staff, no pilots, no crew and no front line

:09:41.:09:45.

staff will be affected, but a quarter of management positions at

:09:46.:09:49.

the headquarters will go. Cathay are trying to get back into the black.

:09:50.:09:54.

They're hoping for cost savings. 30% from these measures and they say

:09:55.:09:59.

they expect a restructuring to be done by the end of the year. Air

:10:00.:10:02.

traffic is growing quickly, but there is a lot of competition and a

:10:03.:10:06.

lot of budget carriers and other premium airlines from the Middle

:10:07.:10:09.

East are coming into the scene and people are not paying for first

:10:10.:10:14.

class seats as well. So while the passenger traffic is growing, the

:10:15.:10:19.

margins are going very low for Cathay and the other premium

:10:20.:10:23.

carriers in this region. Thanks, Chris teen. We know well the

:10:24.:10:27.

difficulties some major airlines are facing in the current markets. It is

:10:28.:10:34.

extremely competitive right now. A good session for markets in Asia.

:10:35.:10:39.

Following on from a strong close in Wall Street and Europe. Oil stocks

:10:40.:10:42.

doing well and energy shares doing well. The price of oil edging

:10:43.:10:47.

higher. We have got an Opec decision expected in Vienna and many are

:10:48.:10:50.

betting they will continue production cuts for longer and

:10:51.:10:53.

perhaps even more so. So that's pushing. The price of oil. Let's

:10:54.:10:59.

look at Europe right now. We have got the Greece discussions about its

:11:00.:11:02.

debts happening today in Brussels. There is talks that they may talk

:11:03.:11:08.

about Brexit divorce bills today in Brussels. We shall see about that.

:11:09.:11:11.

That's possibly a speculation. You can see Europe mixed, but also, of

:11:12.:11:16.

course, we've got Federal Reserve minutes released on Wednesday. There

:11:17.:11:18.

is a lot happening this week. And Samira Hussain has

:11:19.:11:22.

the details about what's ahead Joining us is Trevor Greetham,

:11:23.:11:24.

Head of multi asset at Royal London Deere will be reporting on Friday.

:11:25.:11:38.

So low farm income in North America, its biggest market will weigh on

:11:39.:11:42.

sales. But, profits are expected to get a boost because of cost-cutting

:11:43.:11:47.

measures including lowering job cuts and lowered production taking in the

:11:48.:11:54.

previous years. The world's largest soup maker Campbell will be

:11:55.:12:04.

reporting earnings. But Campbell's See Fresh Business was hit by an

:12:05.:12:08.

early harvest of baby carrots and the company had already said last

:12:09.:12:15.

quarter that it does not its See Fresh Business to grow for the rest

:12:16.:12:17.

of the year. Joining us is Trevor Greetham,

:12:18.:12:19.

Head of multi asset at Royal London Let's talk Greece. Eurozone

:12:20.:12:31.

ministers start talking about the next round of debt relief because

:12:32.:12:35.

some loans come due in July? That's right. There is 7 billion euros due

:12:36.:12:42.

in July and the talks are about is whether the various creditors can

:12:43.:12:45.

agree to lend Greece money to pay back some of the earlier debts that

:12:46.:12:50.

it owes and in particular the IMF, the International Monetary Fund for

:12:51.:12:54.

which Greece is the biggest ever bail out they have got involved in,

:12:55.:12:58.

they want Europe to shoulder more of the burden by extending the dur rags

:12:59.:13:03.

of the loans and basically allowing Greece to spend more time to pay the

:13:04.:13:07.

money back. Will the IMF achieve that goal and get more help from

:13:08.:13:11.

Europe as it were or will Germany and others keep digging their feet

:13:12.:13:17.

in? Greece was asked to do various reforms. Now it is the creditors

:13:18.:13:22.

agreeing amongst themselves what Europe has to do to get the IMF

:13:23.:13:26.

money in. It seems likely it will happen. It is worth bearing in mind

:13:27.:13:30.

the Greek economy is 25% smaller than it was ten years ago. It hadn't

:13:31.:13:35.

grown for the last five years. We have got unemployment of 23% and

:13:36.:13:39.

really to make the euro area work you probably need to see more

:13:40.:13:42.

leaning in from other European countries when a country is in

:13:43.:13:45.

difficulty and Greece seems quite small, but Italy is out there and

:13:46.:13:48.

that's a big country with lots of debt as well. A lot of speculation

:13:49.:13:52.

that Germany, that was always the hardliner as far as what Greece

:13:53.:13:57.

needed to do in return for the money might be softening? I wouldn't call

:13:58.:14:02.

it softening! There is a likelihood that I think that the Greek debts

:14:03.:14:06.

will be extended to 20 years. The IMF was asking if they could cap or

:14:07.:14:10.

freeze the amount they have to pay back each year and the Germans are

:14:11.:14:14.

opposing that. So it is a bit of hard and soft. I think there will be

:14:15.:14:18.

a deal. People are putting it at 50/50 today. We have a quietish week

:14:19.:14:23.

this week, but I say that today, it's Monday and anything can happen!

:14:24.:14:26.

But what are you watching out for? What's on your radar as we head

:14:27.:14:30.

towards the summer months? We have got an election in June. There is a

:14:31.:14:34.

lot going on. The markets are generally more prone to shocks and

:14:35.:14:39.

moved side ways over the summers, so what we're looking out for are signs

:14:40.:14:44.

of what is going on in China, it looks like the economy is slowing

:14:45.:14:48.

down, we are concerned about geopolitical shocks. I think it will

:14:49.:14:53.

be an opportunity to buy dips over the summer, the stock markets pay

:14:54.:14:56.

pull back. The longer term picture is looking good because interest

:14:57.:15:00.

rates are low and the reason there has been an eight year expansion is

:15:01.:15:06.

wage inflation which is low. Central banks are relaxed to keep the money

:15:07.:15:13.

flowing. Oil back up. It's about $54 a barrel

:15:14.:15:17.

for the first time in a month. But could it be the next

:15:18.:15:20.

big musical invention. With some of the biggest

:15:21.:15:25.

names in music trying to get their hands on it -

:15:26.:15:27.

we meet the man behind Stay tuned and we will explain how

:15:28.:15:30.

all of this works. 9,000 people who lost money

:15:31.:15:56.

on shares in Royal Bank of Scotland begin a High Court action today

:15:57.:15:59.

demanding compensation from the bank and four former directors

:16:00.:16:01.

including Fred Goodwin. The claimants say they were misled

:16:02.:16:03.

by the bank when it sought to raise ?12 billion from shareholders

:16:04.:16:08.

in April 2008, a few months before it had to be rescued by taxpayers

:16:09.:16:11.

because it was running out of money. Our economics correspondent, and the

:16:12.:16:24.

Verity, is in the newsroom. We have run through the headlines, but

:16:25.:16:29.

explain what we're talking about. Fred the shred will not be there

:16:30.:16:33.

today but he will be appearing on polling day. He is a presence there

:16:34.:16:40.

because he was in charge of Royal Bank of Scotland, which also

:16:41.:16:42.

contains NatWest, in 2008 when it ran into big problem lie trouble. --

:16:43.:16:51.

into big trouble. Tens of thousands of shareholders were asked to put

:16:52.:16:55.

their hands into their pockets in April of 2008, the biggest

:16:56.:17:00.

fundraising exercise ever at the time. They asked employees of the

:17:01.:17:05.

bank, who were offered loans in order to buy those shares. What

:17:06.:17:09.

happened is the shareholders say that they were misled because there

:17:10.:17:13.

are misleading statements in the prospectus for that fundraising and

:17:14.:17:16.

there were also serious omissions. They were not told that internally

:17:17.:17:21.

the bank knew that if it could not borrow on the money markets, it

:17:22.:17:25.

could run out of money within a day. The shareholders say that obviously

:17:26.:17:27.

if they had been told that, they would not have handed over the money

:17:28.:17:30.

and the rights issue would not have happened. These things take a long

:17:31.:17:36.

time to come to court. RBS has been trying to settle with people even as

:17:37.:17:40.

recently as this weekend but so far it seems they have not succeeded

:17:41.:17:47.

completely. Do we know how this will play out? Those who were looking for

:17:48.:17:51.

compensation asking for over ?500 million in compensation. What is

:17:52.:17:54.

likely to be the outcome? Do we know? It depends on whether the bank

:17:55.:18:01.

would succeed in settling. They have a strong case, the shoulders. RBS

:18:02.:18:05.

will say that they are going to defend this vigorously. They think

:18:06.:18:08.

they have a strong case to answer. But obviously we have a whole bunch

:18:09.:18:13.

of bad news from the past which is going to come back up and the bank

:18:14.:18:17.

really does not want that. It does not want Fred the Shreds to be

:18:18.:18:26.

appearing. This is business life. President Trump is on his way out of

:18:27.:18:30.

Saudi Arabia and he has done serious deals. He is heading to Israel now.

:18:31.:18:40.

A quick look at other markets are faring. A quiet start to the week

:18:41.:18:48.

but we will keep an eye on how the numbers are performing. The pound

:18:49.:18:57.

against the dollar, nearly $1. Now let's have a musical interlude.

:18:58.:19:06.

Our next guest is the man behind this -

:19:07.:19:09.

the Seaboard - it's a futuristic version of the piano.

:19:10.:19:11.

It lets you press down parts of the keys to change how they sound.

:19:12.:19:14.

His firm has already raised nearly $30 million in funding,

:19:15.:19:17.

attracting interest from musicians as diverse as Stevie Wonder

:19:18.:19:21.

and German composer Hans Zimmer - famous for his music scores.

:19:22.:19:24.

Entrepreneur Roland Lamb is the founder and chief executive

:19:25.:19:27.

of ROLI and the inventor of the Seaboard.

:19:28.:19:30.

His childhood was far from ordinary - Roland was home schooled

:19:31.:19:32.

in rural New Hampshire, learning the piano early -

:19:33.:19:38.

his jazz pianist father taught him when he was a toddler.

:19:39.:19:41.

He started his first business - a jazz cafe for students -

:19:42.:19:44.

while attending Summerhill, an alternative British school.

:19:45.:19:45.

Roland's mixed globe-trotting and studying, learning Buddhism

:19:46.:19:47.

in Japan, working as a visual artist and a jazz musician around the world

:19:48.:19:50.

before settling in USA, to study classical Chinese

:19:51.:19:52.

Roland moved back to the UK to study again, earning

:19:53.:20:01.

a PhD in Design Products, where he dreamt up a new type

:20:02.:20:04.

of keyboard, a futuristic instrument called the Seaboard.

:20:05.:20:07.

In 2013, he built his first prototype and founded his

:20:08.:20:11.

I am out of breath, there are so many things on your CV! Lets just

:20:12.:20:20.

introduced the man. Welcome, Rowland. That is an incredible CV. I

:20:21.:20:24.

want to ask you about all the other stuff. Tell us what it is and how it

:20:25.:20:33.

works. This is our newest product, and it is an abolition of the

:20:34.:20:37.

concept I developed Kolbe Seaboard. As a jazz musician, when I play the

:20:38.:20:42.

piano, I wanted more expression and I was jealous of the saxophone

:20:43.:20:49.

players and guitarists and so on. I came up with the idea of the

:20:50.:20:53.

Seaboard, and now it is used by musicians all around the world to

:20:54.:20:56.

add expression to how they play. But I wanted to make this more

:20:57.:21:02.

expressible -- accessible, because acoustic measurements are difficult

:21:03.:21:05.

to learn. Electronic music is still quite technical so we built this,

:21:06.:21:11.

which uses the same technology as the Seaboard, meaning you can use

:21:12.:21:15.

intuitive gestures to vary the pitch and volume of what you are playing,

:21:16.:21:19.

so rather than being an on off note, you will not quite hear the down

:21:20.:21:22.

note but you might get some sense of it. As press, I am changing the

:21:23.:21:28.

timbre and I add vibrato. And then the lights can guide me. It can

:21:29.:21:36.

enable me to play different scales. Basically this takes that more

:21:37.:21:39.

expressive technology of the Seaboard and put it in everyone's

:21:40.:21:43.

hands. Does anyone else do something similar? There are so many

:21:44.:21:49.

synthesisers and electronic gadgets that replicate musical instruments

:21:50.:21:54.

out there, there are loads. Does anyone else do that where you can

:21:55.:21:57.

use your finger to create the expression as you described? Not

:21:58.:22:04.

really. There are a few different instrument makers picking about this

:22:05.:22:09.

problem of how we make electronic music more expressive. There is a

:22:10.:22:14.

fellow called Roger Linn who developed the drum machine, and

:22:15.:22:17.

there are people who have worked on this but we are the first company

:22:18.:22:22.

leading the charge, trying to bring the depth of expression of acoustic

:22:23.:22:27.

instruments into the world of the digital, because that sound was just

:22:28.:22:32.

being controlled by my thumb, which means I can leveraged everyone's

:22:33.:22:36.

some as a musical device. Just by adding on a very expressive

:22:37.:22:39.

controller. The point is that that is scalable and you can attach these

:22:40.:22:44.

panels, you can make a bigger. That's right, it is a modular system

:22:45.:22:48.

so if I connect in another block, it will sync with this and then I can

:22:49.:22:51.

do other things, so for example I was just saying about the different

:22:52.:22:54.

scales, no if our press this button is which is the lighting, or I can

:22:55.:23:01.

use it to record play. I can use this for expressive performance and

:23:02.:23:05.

also production. So the likes of Stevie Wonder and others have got

:23:06.:23:09.

the Seaboard, which is more like piano keyboard, more like what

:23:10.:23:15.

pianists are used to using. But that is totally different. I tried to

:23:16.:23:18.

play that in the green room and I got nowhere. It was bizarre.

:23:19.:23:26.

Definitely it is new. For electronic musicians, like Steve Aoki and other

:23:27.:23:34.

DJs, they are already using blocks, but for traditional musicians it is

:23:35.:23:38.

a little bit of a jump, if you know the piano for example it is a jump

:23:39.:23:41.

to come to something like this that is laid out so differently. Briefly,

:23:42.:23:46.

you have attracted a lot of funding already. What will you do with the

:23:47.:23:49.

next round of funding? We are continuing to build out this system

:23:50.:23:52.

of blocks, it is modular so we can of blocks, it is modular so we can

:23:53.:23:55.

have other blogs that fit into the system and we can focus on the

:23:56.:24:00.

development of the app. We have just launched on android last week, and

:24:01.:24:06.

so getting the app onto more forms is the next. It is so good to see

:24:07.:24:10.

what I want to ask you so many other but time is brief as always. I know

:24:11.:24:14.

we did not quite do it justice with the sound but it sounds much more

:24:15.:24:17.

professional elsewhere. Better than my attempts in the green room. But

:24:18.:24:25.

then he is the pro! Here are some top tips for those who want to run a

:24:26.:24:32.

business. The business live website will keep you up-to-date with all

:24:33.:24:38.

the news from the BBC's team of editors around the world. And we

:24:39.:24:41.

want to hear from you. Get involved on the BBC business live web page:

:24:42.:24:48.

And you can find us on Facebook, at BBC business use. -- BBC business

:24:49.:25:06.

news. Dominic is joining us from our business team. He is quite known in

:25:07.:25:17.

the UK, because he ran for for quite a long time. He is best-known for

:25:18.:25:23.

hairdo, Mark Fields. He had a mullet hairdo that would have made Chris

:25:24.:25:27.

Waddle the football approach. He has lost it as he has become more

:25:28.:25:33.

senior. He is a big car enthusiast. Why is he going? He has been trying

:25:34.:25:37.

to restructure Ford. He took over from Alan Mullally, who saved for

:25:38.:25:42.

from a financial crisis. He is the only one who did not go to the US

:25:43.:25:45.

government for assistance during the financial crisis. Mullally remade it

:25:46.:25:52.

been trying to get across rudderless been trying to get across rudderless

:25:53.:25:55.

cards and the Ford boards do not think is going across fast enough.

:25:56.:26:02.

-- he has been trying to get across driverless cars. Thank you for your

:26:03.:26:03.

time this morning. Bye-bye. Good morning. May is technically a

:26:04.:26:15.

spring month but I have to say, through the week ahead it is often

:26:16.:26:21.

going to feel like summer. This is how the week started for

:26:22.:26:23.

Download Subtitles

SRT

ASS