Mike Hosking

So this is the Michigan survey.

So sentiment's dropped again, 48.2 in early May.

That's a record low, and that's actually a risk to hiring ahead when you think about just talking about retail and the consumer.

So it reflects a bit of a growing split.

We've got hard data, which is stable, but sentiment's collapsing, as you point out.

And if you're driving around in California, you're paying over $6.

So they've got a lot of taxes there.

So a third of consumers, they said gas prices is their biggest concern.

to be even higher in a year's time.

So, look, I think until fuel prices come down, it's hard to see confidence coming back.

So let's hope that's way off base.

Okay, then British Airways who line up with every airline as far as they can work out the fuel bill.

It's amazing numbers, eh?

Two billion pounds.

Yeah, that's right.

The fuel bill's got up from 7.1 to 9 billion, so a two billion euro headache.

The numbers are actually pretty good.

Their revenue was up 77%, so 351 million euros.

That was obviously the earnings.

The revenues are up 2%, 7.2 billion euros.