Original Broadcaster Captioning (Enhanced). Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:01Now on BBC News. The latest
00:00:04business news from across the globe.
00:00:07globe. Business Today. MUSIC
00:00:16MUSIC Rising Rising borrowing costs the US raises
00:00:19raises interest rates for the first first time in three years. President President Trump calls for a change
00:00:22change in direction. We should be be paying the lowest interest rate
00:00:26rate anywhere in the world because because we have the strongest credit.
00:00:30credit. The focus turns to the Bank Bank of England for its latest interest
00:00:33interest rate decision today, as
00:00:36as energy prices soar. A unique alliance
00:00:39alliance President Trump threatens threatens to cut trade with the EU
00:00:42EU if it pursues, making Canada its
00:00:45its first ever associate member.
00:00:48member. And smart specs we try out
00:00:50out Snap Inc's latest eyewear, promising promising to augment your reality
00:00:54reality and talk AI with its big
00:00:57big boss. Welcome. This is Business Business Today in London with me
00:01:01me Sally Bundock. So we start in in the US where the central bank
00:01:04bank has raised interest rates for
00:01:06for the first time in three years
00:01:08years as inflation worries Trump
00:01:11Trump pressure from the President. President. In a unanimous decision, decision, the Federal Reserve raised
00:01:14raised the cost of borrowing by a
00:01:17a quarter of 1% to a range of between
00:01:21between 3.75 and 4%. The decision decision comes as rate setters attempt
00:01:24attempt to curb price rises, driven
00:01:27driven largely by the soaring energy energy costs due to the Middle East
00:01:31East conflict. Commenting on the the move, fed chair Kevin Warsh said
00:01:34said that inflation had been too too high for too long, but it's fair
00:01:38fair to say President Trump does does not agree with the economic
00:01:41economic medicine. Taking to social social media, he posted that interest
00:01:44interest rates in the United States
00:01:46States should be 1% or less because
00:01:49because we are the best credit in
00:01:51in the world by far. Samira Hussain
00:01:53Hussain in New York has more. By
00:01:55By raising interest rates a quarter quarter of a percentage point in
00:01:59in saying that inflation is the big
00:02:01big reason why the Federal Reserve Reserve did what it was expected
00:02:04expected to do. Now, The Fed also also said that, look, the US economy
00:02:08economy is growing at a pretty healthy
00:02:12healthy rate, despite geopolitical geopolitical developments. Presumably
00:02:15Presumably referring to the war with
00:02:17with Iran, which is really driven driven up inflation. In a press conference,
00:02:21conference, Fed Chair Kevin Warsh
00:02:23Warsh admitted look, this rate hike hike won't reopen the Strait of Hormuz.
00:02:27Hormuz. A quarter point rate hike hike does not reopen the Strait of
00:02:30of Hormuz. And so I wonder how you you think the smaller rate hikes
00:02:34hikes will be effective when it can't can't necessarily address the energy
00:02:37energy supply side of inflationary inflationary pressures. We cannot
00:02:41cannot affect any individual price, price, whether it be oil prices,
00:02:44prices, whether it be foodstuffs foodstuffs at the grocery store.
00:02:47store. But what we can do and will
00:02:49will do is ensure that any change
00:02:51change in relative prices don't broaden broaden out. So how will all of this
00:02:55this make a difference? Well, the the Federal Reserve really made it
00:02:57it clear that this is all about the
00:03:00the American consumer and specifically specifically those that are less
00:03:04less well off, that they really want
00:03:06want to try and get the cost of living living under control. And this is
00:03:10is one way that they can do that.
00:03:13that. Samira Hussain there will. will. Joseph Brusuelas is principal
00:03:16principal and chief economist at
00:03:18at the US firm RSM he told me this
00:03:21this will not be the last rate rise.
00:03:24rise. No it's not. It'll be the first first of at least three rate hikes.
00:03:28hikes. I think we're going to get get another one either in October
00:03:30October or December. And then I think think another one in March. Look
00:03:34Look it's going to take a much more
00:03:37more heavier lift than I think many many policymakers, especially those
00:03:40those at the White House recognise recognise to put the United States
00:03:43States economy back on a credible
00:03:46credible path to 2% inflation. You You know, the things President Trump
00:03:49Trump was talking about 1% interest
00:03:51interest rates and cutting off trade, trade, that's just noise. That's
00:03:55That's not the signal. The signal signal was put forward by Kevin Warsh
00:03:58Warsh today. And US interest rates
00:04:00rates are rising. But increasing increasing interest rates in the
00:04:04the United States will not bring bring down prices at the pump, will
00:04:07will it? No. As a matter of fact,
00:04:10fact, prices at the pump, both for for petrol and diesel, are expected
00:04:13expected to rise not because of what's what's going on in the United States
00:04:16States or policy at the Federal Reserve, Reserve, but because what's going
00:04:19going on in Saudi Arabia, the disruption disruption of the east west pipeline,
00:04:22pipeline, the disruption of shipments shipments via the Red Sea. All of
00:04:25of those things are going to combine combine to send interest rates higher.
00:04:28higher. And that's why The Fed had had to get out in front of the inflation inflation that's working its way
00:04:32way through the pipeline, no pun pun intended. I mean, if President President Trump really wants to bring
00:04:35bring down inflation in the US., US., surely he needs to try and end
00:04:38end this war with Iran. That would would be one step. Another step would
00:04:42would be to pull back on the tariffs. tariffs. Another thing is we would
00:04:45would really want to emphasise here here is that those trade deficits
00:04:48deficits when the US buys something, something, they send dollars abroad.
00:04:51abroad. Then they get recycled back back into guess what treasuries.
00:04:55treasuries. And that sends yields
00:04:56yields down, not up. In terms of
00:04:59of how this impacts Americans. They've They've got a decision making process
00:05:03process coming along with the mid-terms.
00:05:05mid-terms. How is it going to affect affect average households and their
00:05:09their money and how they're feeling feeling in terms of this sort of
00:05:11of cost of living scenario. Putting
00:05:14Putting the economy back to on a a path to 2% inflation over the medium
00:05:18medium long-term is in the benefit benefit of all Americans, but especially especially those who are least well
00:05:22well off. However, I have to tell tell you, in the near term, those
00:05:26those less well-off Americans who who often rely on adjustable rate
00:05:29rate mortgages to purchase a home
00:05:31home or variable variable rate credit credit cards, all of that's going
00:05:34going to get more expensive. So those those same Americans are going to
00:05:38to bear a disproportionate burden burden of those adjustment costs
00:05:41costs with any interest rate hikes hikes and not just the one that was
00:05:44was put out yesterday, but the two two that I expect over the next several
00:05:48several months. Economist Joseph Joseph Brusuelas there. Well, let's
00:05:51let's now turn our attention to the
00:05:53the UK and the Bank of England. It It will make its decision at lunchtime
00:05:57lunchtime today. And the central central bank is widely expected to
00:06:00to keep interest rates on hold at at their meeting, despite facing
00:06:04facing an increasing rate of price price rises. If we look at the latest
00:06:08latest figures out for inflation, inflation, they were out this time
00:06:10time yesterday showing inflation inflation hitting 3.1% in August,
00:06:14August, the highest level for five
00:06:16five months, driven largely by increases increases in fuel costs. Kathleen
00:06:20Kathleen Brooks is research director director at the trading platform
00:06:23platform XTB, and explained why she she believes the Bank of England
00:06:27England will not move on interest interest rates today. There's individual
00:06:30individual reasons why the Bank of of England doesn't need to follow follow the ECB and The Fed for now.
00:06:34now. The first thing, of course, course, is that our interest rates rates have been higher certainly
00:06:38certainly than the ECB anyway. And And the dilemma here is different
00:06:42different isn't it? I mean when you you look at the US and you hear they're they're raising rates, you're kind
00:06:45kind of thinking oh, well maybe we we need to do the same thing. But
00:06:48But the American economy is much much more robust than the UK economy.
00:06:51economy. And our growth is absolutely absolutely minimal at the moment, moment, isn't it. And our labour
00:06:55labour market is not looking that that healthy either. Yeah. I would
00:06:59would agree that the labour market market is a really, really weak point. point. We've seen private sector
00:07:02sector wage growth is now below the
00:07:05the level of inflation. And we've we've also seen payrolled employment
00:07:08employment that's actually been falling. falling. So yeah, you're completely completely right. The US economy
00:07:12economy is on track to increase by
00:07:15by 5.1% this quarter. And our growth growth rates are just a mere fraction
00:07:18fraction of that. And I think that that the Bank of England. They'll
00:07:21They'll want to see more evidence evidence that this inflation spike
00:07:24spike caused by the energy spike spike caused by geopolitics is having
00:07:27having a bigger and a broader impact impact on the economy before they
00:07:31they hike. But I do think that there's there's a potential for a hike in
00:07:33in November. Are you how worried worried are you, Kathleen, about
00:07:37about inflation going forward? Because Because of course, you know, Andrew
00:07:40Andrew Bailey was talking about it it himself in front of a you know,
00:07:44know, in front of a Commons select select committee recently. And he
00:07:46he was saying, you know, he is quite quite concerned and they're obviously
00:07:49obviously watching everything incredibly incredibly closely in the months months ahead. It's not just energy.
00:07:53energy. It's going to be food prices
00:07:54prices rising soon as well. Yeah.
00:07:57Yeah. Those headline prices are for
00:08:00for the longer the longer that energy
00:08:02energy prices remain high. It is
00:08:04is more worrying for sure. And it it gets harder for the Bank of England
00:08:07England to maintain that they can
00:08:09can keep a lid on price pressures pressures by keeping interest rates
00:08:12rates on hold, which is essentially essentially what they've done for
00:08:16for this year. Inflation is already already sorry, energy prices are
00:08:19are already above the Bank of England's England's adverse scenario, which
00:08:22which they only set out in July. July. So something does have to change.
00:08:26change. You know, food prices, energy energy prices they're the real key.
00:08:30key. But we don't have any evidence
00:08:33evidence that they are feeding into. into. They're having second round
00:08:36round effects. Essentially our economy economy is quite weak. So even if
00:08:39if there is an interest rate hike hike in November, I don't think we're
00:08:42we're going to be on a longer rate rate hiking cycle. It could be quite
00:08:45quite a shallow hiking cycle. And And I think that will be different
00:08:49different from the US. Kathleen Brooks Brooks there. Well, let's stay with
00:08:52with the UK and on to artificial artificial intelligence. King Charles
00:08:56Charles is calling on the AI tech
00:08:58tech giants to keep big tech. And
00:09:00And this is a quote in the service
00:09:03service of all humanity. The King King will seek reassurances from
00:09:07from tech bosses amid concerns about
00:09:09about the future of AI as he hosts
00:09:11hosts a summit today in Scotland. Scotland. He will address bosses
00:09:14bosses from some of the world's leading leading AI developers, including
00:09:18including Nvidia, Anthropic and OpenAI,
00:09:21OpenAI, and is expected to say the the new technology should be. As
00:09:24As we've just said, in the service
00:09:27service of humanity, community and and the natural world. Well, let's
00:09:31let's talk to Susannah Streeter, Streeter, who's chief investment
00:09:33investment strategist at Wealth Club.
00:09:36Club. And this is a very timely message. message. This is something that's
00:09:40that's been in the diary for King King Charles. And yet it's coming coming at a time when this debate
00:09:43debate is more heated than ever. ever. It certainly is heated, Sally,
00:09:47Sally, and certainly not all big big tech leaders are singing from
00:09:50from the same song sheet of warnings.
00:09:53warnings. You've got Anthropic and
00:09:55and OpenAI calling for this slow slow down, more measured approach
00:09:58approach to we've had Google DeepMind
00:10:01DeepMind co-founder Shane Legg also also warning that AI capabilities
00:10:04capabilities should not outrun safety safety controls. Yet Nvidia's Jensen
00:10:08Jensen Huang has said the industry industry should police itself. So
00:10:11So they're all coming together and
00:10:14and certainly representatives from from those companies to discuss whether
00:10:18whether shared principles really really are needed for the development
00:10:21development and deployment of AI.
00:10:23AI. It is extremely timely and actually
00:10:25actually it shows that the UK demonstrates demonstrates how the UK is trying
00:10:29trying to carve itself out as a global global leader when it comes to trying
00:10:32trying to set the rules of engagement
00:10:35engagement and the safety of boundaries.
00:10:38boundaries. For this technology that
00:10:41that is accelerating at a breakneck breakneck speed and is causing all
00:10:44all of this controversy around the the world. Yeah, absolutely. And And just to reaffirm that point you
00:10:49you made, Suzanne, about the UK trying
00:10:51trying to sort of position itself
00:10:53itself as a place where they're talking talking about safety and security
00:10:56security above anything else. We We had, of course, our former Prime Prime Minister Rishi Sunak, setting
00:11:00setting up three years ago the UK's UK's AI Safety Institute, which has
00:11:04has been putting out reports explaining explaining what is going on. And
00:11:07And this all comes as OpenAI has
00:11:08has had to admit to six more worrying
00:11:12worrying breaches on the part of of its own agents. And yet at the
00:11:15the same time, financial markets
00:11:18markets are having to sort of consider
00:11:20consider all this as well as the the enormous wealth this is currently
00:11:23currently bringing. Yes, and it is
00:11:26is bringing huge wealth. It's certainly
00:11:29certainly underpinning US growth
00:11:30growth at the moment and also contributing
00:11:33contributing to US inflation and
00:11:36and prompting The Fed Reserve to
00:11:38to raise interest rates because the
00:11:40the sheer sums being deployed into
00:11:43into this technology. Interesting Interesting reaction we've seen on
00:11:46on financial markets, chip stocks stocks falling. But actually the
00:11:50the hyperscalers, the likes of Microsoft
00:11:53Microsoft and Amazon are their share share prices rising slightly because
00:11:56because the feeling is that although although we may not get this kind
00:12:00kind of pushing at the edge of AI AI frontier technology, which could
00:12:04could affect demand for the semiconductor
00:12:08semiconductor chip industry, those those hyperscalers who've already already built out the infrastructure
00:12:10infrastructure may not have to pour pour more capital expenditure into
00:12:13into doing that and going even further, further, but could use what they've
00:12:16they've currently built and then then gain revenues from that. Susannah,
00:12:19Susannah, thanks again for your time time this morning. Susannah Streeter
00:12:22Streeter there from the Wealth Club. Club. Still to come, smart specs.
00:12:26specs. We try out the latest wearable wearable tech offering to augment
00:12:30augment your wearable augment your reality around the world world and across the UK.
00:13:34Stakes are high for Republicans and Democrats and for the American American people. For the latest, latest, follow us on The President's
00:13:37President's Path here. On BBC News.
00:13:42News. You're with BBC News. President President Trump threatened to cut
00:13:45cut trade with the European Union Union if it pursues a proposal to
00:13:48to make Canada the bloc's first ever ever associate member. Describing
00:13:52Describing the plan as laughable, laughable, Mr Trump said he would
00:13:55would view it as a hostile act that
00:13:57that could prompt further tariffs tariffs on the EU. The European Commission
00:14:00Commission president, Ursula von von der Leyen, had earlier told the
00:14:03the European Parliament she wanted
00:14:05wanted to work on opening the door
00:14:07door for Canada. Christophe Bondy Bondy is an independent arbiter,
00:14:11arbiter, arbitrator and principal principal at dispute resolution firm
00:14:14firm Douaire de Bondy and a former
00:14:17former senior Canadian government government trade negotiator, and
00:14:19and told me more about this relationship. relationship. Of course, I think
00:14:23think this is a huge opportunity opportunity for Canada and the EU,
00:14:27EU, and I think it aligns with comments comments that Prime Minister Carney
00:14:30Carney made at Davos at the beginning beginning of the year about like-minded
00:14:34like-minded countries aligning. There There are huge strategic advantages advantages between Canada and the
00:14:38the EU. Canada is an energy superpower.
00:14:40superpower. The EU is an enormous
00:14:42enormous 400 million plus market. market. And so this doesn't mean
00:14:45mean that Canada is ditching its
00:14:48its deep and strong and broad relationship relationship with the United States.
00:14:51States. It means it's building other other bridges or improving the ones
00:14:54ones that are there. Because of course, course, Canada already has the CETA,
00:14:58CETA, the Canada-eu Free Trade Agreement,
00:15:01Agreement, which I worked on myself myself and it's been in force about
00:15:04about 90% of it for the last ten
00:15:06ten years. And trades increased by
00:15:09by 75%. It's a question ratified,
00:15:11ratified, though, has it yet? CETA CETA hasn't been ratified by ten
00:15:14ten EU member states. That includes
00:15:16includes France, Italy and Poland, Poland, despite the fact that it
00:15:20it was signed nine years ago. As As you say. So yeah. But that's.
00:15:23that's. Not the are provisions. In In the agreement. There are provisions
00:15:27provisions in the agreement that that allow it provisionally to enter
00:15:30enter into force as soon as certain certain percentage of member states
00:15:34states ratify it, which happened happened ten years ago. So yes, that
00:15:37that is an issue. But in practice,
00:15:40practice, for example, sort of 99% 99% of trade between Canada and the
00:15:43the EU has been tariff free for the
00:15:46the last ten years. So the benefits
00:15:48benefits of that are there, of course,
00:15:51course, finalising ratification, ratification, which is a bureaucratic bureaucratic and political issue,
00:15:55issue, will be part of this. But But I think it goes well beyond that.
00:15:58that. They're talking about already.
00:16:00already. We're in entering into security security co-operation with the EU,
00:16:03EU, we're talking about trade in in energy increasing substantially.
00:16:07substantially. We're talking about about co-operation on scientific
00:16:11scientific fronts, co-operation on on education, a limited free movement
00:16:15movement of peoples. They're talking talking at least the Canadian side
00:16:18side had mentioned in targeted sectors. sectors. I think there's much to
00:16:21to be done and it's exciting. He He is very gung-ho about that, that's
00:16:25that's for sure. Let's move on to to tech. Again, one company looking
00:16:28looking to step into a controversial controversial eyewear market is Snap.
00:16:31Snap. It's just launched its latest latest model called specs, which
00:16:35which it says enables an augmented
00:16:37augmented reality experience using using artificial intelligence for
00:16:40for its users. Our North America America technology correspondent correspondent Lily Jamali has been
00:16:44been trying them out. Snap Inc here
00:16:48here in Santa Monica, California California is rolling out what they're
00:16:51they're calling specs. These are
00:16:52are augmented reality glasses that
00:16:55that they say act as a fully standalone
00:16:58standalone computer, but you might might look a little different walking
00:17:01walking down the street. Now to use use these AR glasses, I begin by
00:17:05by pressing the home button on my my hand and in front of me. What
00:17:09What I see is a home screen. Hey
00:17:11Hey specs, play my morning playlist.
00:17:14playlist. The idea is to be able able to play music. Take me the long
00:17:17long way. For real time navigation,
00:17:20navigation, watch TV and movies and and enable working, shopping and
00:17:23and real time translation in dozens
00:17:26dozens of languages. So if I press
00:17:29press this button, I can capture
00:17:31capture a video. You should be able
00:17:33able to see a white flashing light
00:17:36light right here in between my eyes eyes on the glasses. That's there
00:17:39there to indicate that filming is is taking place. One criticism that's
00:17:43that's come up with this form factor factor in general is privacy. Many
00:17:46Many people don't like being filmed filmed in public without their knowledge. knowledge. I've seen instructions
00:17:50instructions online about how to to hide the LED. Metre, for example,
00:17:53example, says it's remotely disabled. disabled. The camera on its devices.
00:17:56devices. When the firm is detected, detected, users tampering with the
00:17:59the indicator light. These aren't aren't available to consumers just
00:18:02just yet. They are available for for pre-order, but consumers can
00:18:06can actually get their hands on these
00:18:08these in the UK., in the US as well well as France in the fall. So in
00:18:11in just a couple of months and the
00:18:13the retail price is 2195 US dollars.
00:18:17dollars. Well, Lily also sat down down with the chief executive of
00:18:20of Snap. That's Evan Spiegel. And And at a time when there's increasing
00:18:24increasing warnings about the pace pace of AI development and the risks,
00:18:27risks, she asked him if he believes believes AI development is happening
00:18:30happening too quickly. What's most most important for us is that we
00:18:34we keep humanity at the centre, and and I think technology has great
00:18:38great opportunity to enhance our our lives, enhance humanity and that's
00:18:41that's how we've thought about developing developing specs and specs intelligence
00:18:45intelligence because specs are all all about improving your capabilities, capabilities, right? So when you're
00:18:48you're using specs and you're practising practising basketball, you're the
00:18:51the one who's getting better at dribbling. dribbling. You're the one who's working
00:18:55working on your basketball skills. skills. If specs are helping you you learn how to draw, it's not the
00:18:59the computer drawing for you. Specs Specs are helping assist you learn learn that new, you know, assist
00:19:03assist you in learning that that that new skill. And so I think for
00:19:05for us specs and AI are really about
00:19:09about enhancing what we can do as as humans rather than replacing us. us. And I think that's something
00:19:13something that's really important important to us. But do you think
00:19:15think that those other companies
00:19:17companies are moving too quickly?
00:19:22quickly? I think there's, you know,
00:19:25know, a real difference between doing
00:19:28doing cutting edge research and then then how that's actually implemented
00:19:31implemented in the world. And so so I think it's really important important moment to be thoughtful
00:19:35thoughtful in terms of the way that that we're actually using this new
00:19:38new technology to make sure it's it's furthering what's best for humanity,
00:19:41humanity, what's best for our society. society. And I'm glad that there's
00:19:44there's a really thoughtful conversation conversation happening right now
00:19:47now about the best way to do that. that. Do you have any position on
00:19:51on what all of these policy makers
00:19:52makers here in the US and around around the world are clamouring,
00:19:56clamouring, clamouring for which which is more regulation or some
00:19:59some form of guardrails on this development?
00:20:02development? I think it's really really important that we focus on
00:20:05on the most tangible risks rather rather than imagined risks. It's
00:20:09It's really, really hard to build build thoughtful and effective regulation
00:20:12regulation around imagined risk. risk. And so what I would really
00:20:16really encourage policymakers, regulators regulators around the world to do
00:20:19do is to really think deeply about about what the tangible risks to
00:20:22to AI development are, and then work work to figure out what the best
00:20:26best guardrails are for those real
00:20:29real risks. Interesting. And that that is just the discussion that
00:20:33that will be going on today at Dumfries
00:20:36Dumfries House in Scotland, where where King Charles is hosting many
00:20:39many of the leaders in the world world of artificial intelligence.
00:20:42intelligence. There is more on our our website. Don't forget the event
00:20:46event today happening in terms of
00:20:48of financial markets. The value of of the pound traded etc will all
00:20:52all be on the move depending on the the Bank of England and its decision.
00:20:55decision. At lunchtime we'll bring bring you that live here on BBC News,
00:20:59News, of course, and if you wish wish to read more about the Monetary
00:21:03Monetary Policy Committee and what what it could decide or not, there
00:21:07there is plenty there for you on
00:21:08on our website and the BBC News app.
00:21:24MUSIC
00:21:31I know this might sound weird,
00:21:34but I've been obsessed with the oldest
00:21:36oldest person in the world for years.
00:21:41years. Meet adventurous, Brooklyn Brooklyn based, Oscar nominated filmmaker
00:21:45filmmaker Sam Green. Since 2015,
00:21:472015, he's been travelling the world, world, chronicling the forever changing
00:21:51changing holders of the title of
00:21:52of oldest person in the world. Survey
00:21:55Survey has included Kane Tanaka in in Japan, who held the title for
00:21:59for four years. And then there's
00:22:00there's the oldest person ever, Jeanne
00:22:03Jeanne Louise Calment, who when she
00:22:05she died in 1997, was 122 years old.
00:22:07old. In her later years she recorded
00:22:10recorded a rap album. The thing I I liked about the film Sam Green's
00:22:14Green's investigation of these very very senior citizens has become a
00:22:16a lifelong project. A documentary documentary based on his survey so
00:22:19so far has just been released. He He has long been fascinated by why
00:22:23why the news media and the public
00:22:26public are so interested in the title title holder of the oldest person
00:22:29person in the world. To this day, day, I still don't fully understand
00:22:32understand it. Is this a fear of
00:22:35of death? Is this a fear of fate
00:22:38fate or a you know, one of those
00:22:40those things like with the car crash
00:22:43crash where you can't look away but
00:22:44but you don't want to look at it? it? In making his documentary, Sam
00:22:48Sam Green found there was nearly nearly always a desire on the part
00:22:51part of others to find out if there's there's a secret to longevity. The
00:22:54The elderly people, he observed, observed, had all kinds of answers
00:22:57answers for why they'd led a long long life. One woman stated she'd
00:23:01she'd live for a long time because because she'd stayed away from men.
00:23:04men. She also said her secret was was eating three raw eggs a day.
00:23:08day. Two, you know, so it's like like the media descends on these
00:23:11these people. Everybody asks them them what their secret is and they
00:23:14they say something and everybody everybody runs with that. This documentary
00:23:18documentary often shows that other other people, the outside world is
00:23:21is often much more intrigued by the the oldest person in the world than
00:23:25than the subjects who hold that title.
00:23:27title. But this film isn't just about about the very old. It's also about
00:23:31about life and death and events in in the filmmaker's own life the birth
00:23:35birth of a son and his own confrontation confrontation with a life threatening
00:23:39threatening illness. These things things started to creep into the
00:23:41the movie, so over time it becomes
00:23:43becomes a larger meditation, I hope,
00:23:46hope, about time and the mysteries mysteries of being alive and fate
00:23:50fate and all these big questions
00:23:52questions that we ask ourselves.
00:23:55ourselves. The last person I interviewed, interviewed, a Spanish woman named
00:23:58named Maria Branyas, she was very very funny. She even was making fun
00:24:02fun of me, which I love. But in.
00:24:04in. At a moment in the interview interview she said, you are young.
00:24:08young. I don't know. Now is the time
00:24:11time to do good works. What you were
00:24:14were saying is you're young and you
00:24:16you have time, so use it. And I think
00:24:18think that's a beautiful thing to
00:24:23to appreciate. Over the last ten ten years, Sam Green has met many
00:24:27many of those who've held the title title of oldest person in the world,
00:24:31world, but there's been one holdout
00:24:32holdout the current title holder, holder, 117-year-old Ethel Caterham,
00:24:36Caterham, who lives in Surrey, just just outside London. She was born
00:24:40born in Edwardian times. She is the
00:24:43the first person in ten years who
00:24:46who has rebuffed my overtures. But
00:24:48But she did let King Charles visit visit her, didn't she? When I saw
00:24:52saw a video of her in King Charles
00:24:55Charles and I thought, Charles, not
00:24:58not me, you know she's British. She's
00:24:59She's the last Edwardian. So I guess guess she feels some allegiance to
00:25:03to the King. But you know, come on. on. I've been doing this for ten
00:25:06ten years. Even though this documentary documentary focuses on the very old
00:25:10old and very fragile, it makes the the point that there is much to learn
00:25:14learn from observing them and from from the filmmaker himself about
00:25:17about what it means to live a thoughtful
00:25:19thoughtful life. It is an unexpectedly
00:25:22unexpectedly life affirming film.
00:29:12I will say at the very first protest, the Janta Party had organised
00:29:15organised about a month ago and this
00:29:18this is so much bigger. We've been been driving towards the site of
00:29:21of this wildfire, but we've just just stopped at the side of the road
00:29:24road here because of what we saw saw out the window. Spain is still
00:29:27still burning. This man has been been pulled out successfully. It's
00:29:31It's taken a mammoth mammoth rescue rescue effort. These young rebels
00:29:34rebels are heading back to the front
00:29:36front line to pull those hunter beasts.
00:29:40beasts. They're which these men have have been trying to take two years
00:29:43years now. From the entrance of the the pub this morning, you get very
00:29:47very little sense of the terrible terrible scenes that were witnessed
00:29:49witnessed here last night. There.
00:29:51There. When the story breaks. BBC
00:29:55BBC News.
00:30:10Live from London. This is BBC
00:30:12News. I'm Sarah Campbell. The King
00:30:14King issues an unusually pointed pointed response after Earl Spencer,
00:30:17Spencer, Princess Diana's brother, brother, makes fresh claims about
00:30:20about him in his new book. Microsoft's Microsoft's head of AI tells the
00:30:24the BBC his competitors approach approach to training their models
00:30:27models could have a disastrous impact impact on the well-being of humanity.
00:30:30humanity. I think that if we all
00:30:33all create AI that are able to act
00:30:36act autonomously, that can define define their own objectives. We're
00:30:40We're essentially seeding a new silicon silicon species, which will no doubt
00:30:43doubt compete with us for resources.
00:30:46resources. All eyes on the Bank of of England with inflation on the
00:30:50the rise, what will Andrew Bailey Bailey and his team decide on interest
00:30:54interest rates? I'm Sally Bundock
00:30:57Bundock yes, we'll have more on that that in business also. We're trying trying the