laughter with me is david buik, a market strategist at panmure gordon. thanks for coming in.e, good morning. it is incredible how... there are so many victims of the barcelona attack, dead and alive. so much focus on such a young life because there was so much hope he might be found alive and some good might be found alive and some good might come out of this horrible terror attack. five days, this wonderful smiling schoolboy, be a pity me of everything in life that is good about, then sadly taken from us. is good about, then sadly taken from us. sadly separated from his mother, and his father was coming to comfort her. she is not in good shape. this is what everybody dreads all their life. this tragedy in barcelona, further down the coast, with over 100 injured, is becoming sadly endemic at what has happened across europe. it becomes a greater problem for every single country. i don't think it matters how much co—operation there is between governments. when you see countries like spain, portugal, italy, so close to the north african coast, it is amazing, as we slipped to the

with us is david buik, market strategist from gordon. good morning. the story that is dominating a lot of the papers, a lot of the websites, just as some of the papers were going to press. scaramucci, out the door. the papers were going to press. scaramucci, out the doorlj the papers were going to press. scaramucci, out the door. i was listening tojohn scaramucci, out the door. i was listening to john sopel, scaramucci, out the door. i was listening tojohn sopel, your correspondence, my jaw hit listening tojohn sopel, your correspondence, myjaw hit the ground. igot correspondence, myjaw hit the ground. i got the west wing, got martin sheen, you are history, into the garbage. i am kidding martin sheen, you are history, into the garbage. lam kidding but martin sheen, you are history, into the garbage. i am kidding but you could not dream this up. here we we re could not dream this up. here we were with sean spicer, an erratic but interesting press baron dismissed from hisjob and then but interesting press baron dismissed from his job and then you get an

market analyst david buik from panmure gordon told our business correspondent, joe lynam, why the figures but i don't want to hide the finder fact that there is no question that confidence has gone for a lot of people. what is interesting is that the number of car companies, when they buy 25 vehicles or more for business use, has gone down substantially. we are down 2.2% on the year. 1.5 million ca rs have down 2.2% on the year. 1.5 million cars have been sold, which is not the kind of figure you want, but you talked about the hybrid cars. they are up 60%, but it is from a small level. hybrid and electric cars were 296 level. hybrid and electric cars were 2% of the market a year ago. there are now 5%. we need to see some improvement in the whole outlook on ca rs. an engineering plant in suffolk is closing with the loss of 500 jobs. american—owned delphi diesel systems is shutting its plant in sudbury. it makes diesel fuel injectors and filters for commercial vehicles. there were long delays on the m5 near bristol this lunchtime following an major accident involving two lorries. a large sp

let's discuss those in detail with david buikfrom let's discuss those in detail with david buik from ? it appears to be firing on all cylinders. yes, but i don't think we should be paying too much attention to just the raw figures. the most important thing is, unemployment is down from 8% ten years ago to 4.3%, down just a bit from 4.4% last month. the figure that everybody looks at is this wage inflation. it is only 2.596. this wage inflation. it is only 2.5%. admittedly inflation in the united states is only 2%, they are rather better than we are. at the moment we are 2.9% inflation and we have between 1.8 to 2% wage inflation. it is still frankly fairly anaemic. there are an awful lot of people who have given up applying forjobs as well, which people mustn't forget. a lot of people mustn't forget. a lot of people say the great figures. janet yellen, chairman of the federal reserve, puts more importance on these figures than anything else she looks at during the course of a working month. rbs this side of the atlantic, pretty decent first—half numbers. i'm guessing that without the