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Transcripts For BBCNEWS World Business Report 20240707

so let s get down to business and we begin in the us where the world s most powerful central bank wraps up its monthly meeting later. it s a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january s recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustration. skyrocketing fuel prices have helped drive up inflation, currently at a a0 year high. customers, our car coming up, ate her at her corolla and gets fuel and at $80, you can t know how much it hits home to people. how much it hits home to ”eole. ,, . , how much it hits home to n-eole. , . , ,, people. gas prices in the us hit a record people. gas prices in the us hit a record of people.

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Transcripts For BBCNEWS Verified 20240703

Earlier. I think the results of send a very clear signal to policymakers because just after nine months of the president ial elections, support for the current Policy Makers has declined significantly. And this is mainly i think because of the high inflation and persistent inflation and declining Purchasing Power of the middle class and lower income classes, that is i think the main reason of declining support for the policymakers. Do you think that this rebuff at the polls will tie president erdogan s hands when it comes to reforming the economy . I think the signal is well received by the the policymakers because both the Finance Minister and president erdogan reiterated that the current policies will continue, so it means that they will continue to rebalance the economy and return back to Sustainable Growth for the turkish economy. When we look at the Market Reaction today for these announcements, the markets have also the scenario, so the markets took it as a positive sign. Do you

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Transcripts For BBCNEWS Business 20240703

And they made a big fuss about everything that i ever found. And it was because of the stage of where the plane was. If im looking at a plane thats supposed to be getting shaped and im the last person to see it, i shouldnt be finding missing fasteners, missing parts and things like that. So why were they not thanking you for picking up on these things . They just wanted the product out. They werent focused on the consequences of shipping bad fuselages. They were just focused on meeting the quotas, meeting the schedule, meeting the budget, meeting the numbers. If the numbers looked good, the state of the fuselages didnt really matter. And thats how i think the culture was driven in spirit. Throughout all this, youre picking up problems on fuselages that are being sent to boeing. Are fuselages getting through to boeing that still have flaws that have not been fixed . The whole time we were there, boeing knowingly knew that spirit was sending fuselages with many defects many, many, many o

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Transcripts For BBCNEWS Business 20240703

And they made a big fuss about everything that i ever found. And it was because of the stage of where the plane was. If im looking at a plane thats supposed to be getting shaped and im the last person to see it, i shouldnt be finding missing fasteners, missing parts and things like that. So why were they not thanking you for picking up on these things . They just wanted the product out. They werent focused on the consequences of shipping bad fuselages. They were just focused on meeting the quotas, meeting the schedule, meeting the budget, meeting the numbers. If the numbers looked good, the state of the fuselages didnt really matter. And thats how i think the culture was driven in spirit. Throughout all this, youre picking up problems on fuselages that are being sent to boeing. Are fuselages getting through to boeing that still have flaws that have not been fixed . The whole time we were there, boeing knowingly knew that spirit was sending fuselages with many defects many, many, many o

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Transcripts For BBCNEWS Business 20240703

Of where the plane was. If im looking at a plane thats supposed to be getting shaped and im the last person to see it, i shouldnt be finding missing fasteners, missing parts and things like that. So why were they not thanking you for picking up on these things . They just wanted the product out. They werent focused on the consequences of shipping bad fuselages. They were just focused on meeting the quotas, meeting the schedule, meeting the budget, meeting the numbers. If the numbers looked good, the state of the fuselages didnt really matter. And thats how i think the culture was driven in spirit. Throughout all this, youre picking up problems on fuselages that are being sent to boeing. Are fuselages getting through to boeing that still have flaws that have not been fixed . The whole time we were there, boeing knowingly knew that spirit was sending fuselages with many defects many, many, many of them bad. They knew that, they were aware of it. And spirit was wrong for sending defective

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