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Quest Means Business

Latest on Aircraft Debris; Yellen Comments on US Economy

Aired July 30, 2015 - 16:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

[16:00:00]

RICHARD QUEST, HOST QUEST MEANS BUSINESS: Trading is closing The Dow has done virtually nothing, but it was quite sharply off earlier in the

session.

And as everything comes to an end, I think we declare that as a very wimpy gavel (ph) on Thursday, July the 30th.

Tonight, it's a tiny scrap of evidence in a giant history (ph), the investigators all over the debris on Reunion Island.

The U.S. economy takes into gear as growth speeds up. What does that mean for the fed? And back in the driving seat, Amazon signs up the host of

"Top Gear".

I'm Richard Quest back in New York. And yes, I mean Business.

(BEGIN VIDEO CLIP)

(END VIDEO CLIP)

QUEST: Good evening. Tonight, official say it's a major clue in solving the mystery of MH370. There's an international effort underway to

establish whether this plane part which was washed up on an island in the Southern Indian Ocean came from the plane, the 777 MH370. Families of the

239 people on board are waiting for official confirmation after many months of false leads.

Sources telling CNN that Boeing are confident, that's the word being used, the debris did come from the 777. Now, the aircraft MH370 is the only one

of its type ever to have been lost at sea.

The debris is still on the island is to be sent to the France on Friday night where the BEA that's the French investigating authority will then

look at it even more closely.

In the past few moments, officials of Reunion have confirmed what appears to be a suitcase that washed ashore on Thursday, is also part of the

investigation.

Australia has been leading the underwater search for the plane. Countries Deputy Prime Minister Warren Truss called this a major lead.

(BEGIN VIDEO CLIP)

WARREN TRUSS, AUSTRIALIAN DEPUTY PRIME MINISTER: This is obviously a very significant development. It's the first real evidence that there's a

possibility that a part of the aircraft may have been found. It's too early to make that judgment. But clearly, we are treating this as a major

lead and seeking to get assurance about what has been found and whether it is indeed linked to the disappearance of the MH370.

(END VIDEO CLIP)

QUEST: It's 4:00 in the morning in Kuala Lumpur, that's where our CNN's Asia-Pacific Editor Andrew Stevens is on assignment.

Is "Major Lead" a significant lead? But Andrew, now they have to confirm that it is from the plane. What's your hearing entail?

ANDREW STEVENS, CNN ASIA-PACIFIC EDITOR: That's right, they do have to confirm. Certainly, we're hearing from the family side of this story,

Richard, over the last few hours. They are not going to take anything as fact until it is 100 percent confirmed.

You will remember, of course, they have many false leads in this story, many stories which were published and appear on television at the time

would suggest that it's a wreckage of MH370 had been found. Very convincing evidence that wreckage had been found which lead to nothing.

So the families are still saying, "Until there is 100 percent proof, we are not going to believe these stories. We're hanging on that tread of hope."

And that's been a recurring phrase almost, it's "thread of hope" that a miracle could still happen. But they are waiting for information.

Certainly from Malaysia, a team from Malaysia has now been dispatch on its way to loose (ph), to made up with investigators there waiting for that

piece of debris to arrive. There'll also be a team leading from Malaysia to go to Reunion today. Malaysia now the lead party in determining at

least announcing the authenticity exactly what this piece of debris is.

QUEST: Andrew, this took us by surprise. And for obvious reasons, it took the world by surprise. It seems to have taken everybody else including the

Malaysians by surprise.

STEVENS: Well, absolutely Richard. I mean, it's been 15, 16 months, 500 days and there was just so far way from the search zone. But listening to

the Australians who've been leading the underwater search, they are saying that where the debris occurred is actually consistent with patterns of

ocean currents and winds from the search zone.

So even though the zone itself is a long way away, where the debris has been found does fit in.

[16:05:00] It should and could have drifted across to that region. So yes that it has been so long, the families have been hoping again home.

But really we've got to that state now where finally after about nearly 500 days, it does appear. We are quite close to getting at least one part of

this puzzle solved.

The Malaysian prime minister yesterday saying it was highly likely that this debris was from a Boeing 777 and as you point out, it -- this 370 is

the only 777 that it could have come from.

QUEST: Andrew Stevens in Kuala Lumpur this evening. The investigation is centered on the aircraft.

I know what (inaudible) this is actually a picture, a diagram of a 9M-MRO which is the plane, the aircraft itself that was carrying MH370 -- that was

kind of MH370. And this is the flopper on which is just under this part of the wing, which goes up and down and helps with the banking of the aircraft

left and right. And also do with the flaps at lowest speed.

It's located on the trailing edge of the wing and it's used during the low speed flights and it's retracted when the plane is cruising. You can see

here a little bit closer, if it -- this is the actual wing itself and this is where it connects. And the reason they are convinced this is from 777

is, this is from the manual and you see that slope there where it would connect with the aircraft. Well, there you see it again here and you start

to see more unique parts off from the map, from the schematic.

So to the map of how it is going to be plane -- the part was found 3,700 kilometers from the search area, it doesn't tell us where the rest of the

plane is. We know the search area was down here but actually what does it tell us from that? Nothing really it told.

Peter Goelz is the former managing director for the NTSB. He joins me now from Washington.

Peter, you and I have been talking on the television quite lot on the last few days. I never -- I want to take this opportunity with you now to get

your impressions of this. You being at the busy end of these investigations, what do you make of what we're hearing on what's happening

today?

PETER GOELZ, FMR. MANAGING DIRECTOR, NTSB: Well, I think, you know, the investigators want to be cautious because there have been reported so many

false starts. I mean, this looks very much like a flopper on. It looks very much like it came from a 777.

We do need to wait to have an absolutely confirmed and if it is confirmed, then it puts aside some of the more outlandish theories, but it really

doesn't change the focus of the investigation much at all. It's going to be hard work going forward.

QUEST: Now, you heard, Andrew Stevens, talking about how the families have responded and obviously, they are desperate for information. And we do

seem to be in a situation where we as the media can get to Reunion faster than the French, or the Malaysians, or than anybody else. And I'm

wondering by the -- thinking back to your time at the NTSB, is it inevitable the families feel they're being left behind?

GOELZ: Well, that's a great question, Richard. You know, and it's something that in the United States, we started wrestling with in the mid-

1990s just as the internet and the 24 hour news coverage became, you know, so ubiquitous. And the government, and the Congress, and the president

instituted rules and regulations that mandated in the United States that family members get the information first.

And that, the NTSB, I mean, we -- when I was there and they continue to do it, they desperately setup systems so that family members were not surprise

by these kinds of information that they knew information was coming out because they are in such a vulnerable position.

QUEST: Right.

GOELZ: And the longer it goes on, the more, you know, just desperate they become.

QUEST: And that is the point about this, isn't it? It is inevitable, but the media is going to get the story before the government does. But its

how they've got in place systems once the story is moving and it seems that they're lacking here.

GOELZ: That's right, you know, and one of the things that when I was at the board and I know since I've left the board, that the board took great

pride in it's ability to really communicate with family members, you know, I had my number available to family members 24/7.

[16:10:10] When I was running the family assistance program, if someone had a question at 2:00 A.M. and they did. They can call us and I know that

this has been a troubling aspect of this accident from the earliest days.

QUEST: Back to the actual incident itself on what we know, I just want to look again. Give us some thoughts, so we're at Reunion now and we're now

hearing about a suitcase and no doubt, I'm not being flipping when I say this that, you know, every bit of sea wash will come up and it would claim

to be from that.

But is it likely, Peter, is it likely, that another piece of debris comes up?

GOELZ: Well its -- it is, it's not likely frankly but, you know, we can always hope, I mean I -- you know, you want to have more confirming

evidence but this single piece when it is confirmed, if it is confirmed, will be enough to say, this plane ended up in the water. This tragedy

ended here. And it doesn't stop the search. It doesn't stop where we're searching or how we're searching.

QUEST: Peter, good to talk to you. Sir, thank you.

GOELZ: Thank you, Richard.

QUEST: Coming up in Quest Means Business, the latest clue in the hunt of MH370 emerge half the world away from the last known location, and now the

discovery how it affects one of the biggest search operations in aviation.

(COMMERCIAL BREAK)

QUEST: The discovery of debris on Reunion Island, it's the biggest lead yet in the 16-month hunt for MH370. Now, recent search have been

concentrated on this slope. This part of the ocean it's about 2,000 kilometers of the western coast of Perth, Western Australia. And it's

known as the "7th arc", so a seven of them that would determine by the hand shakes from the plane as to where the aircraft (inaudible) final

transmissions.

Though these are the ships, these are -- they have being searching -- the Fugro ships have been searching in the southern part to GO Phoenix which is

no longer part of the search operation is further north and then the wide the search area which they say they will not look at is really up to here.

This is the primary area.

Now, Reunion Island lies thousands of kilometers away on the other side of the Indian Ocean. Expert say the currents could have carried the debris

that sort of distance over the course of 16 months, because the goal, the important point here is not the distance but just look it's a straight shot

across the ocean.

Tom Sater is at the Weather Center and that straight shot with the current you know and he'll you what.

TOM SATER, CNN INTERNATIONAL, WEATHER ANCHORMAN: Well, and first of all, it really is amazing if you think about it, Richard. If you step back for

a minute and contemplate in the vastness of this grand ocean, you have a piece of a wing that really is like a microscopic particle traveling

thousands the kilometers and lands on an island the size of a pea. It was amazing.

When you were in Atlanta yesterday, we have a little chat about this. And, of course, and all this gyres here, there are million of tons of debris

that continue to stay stuck in the center.

The good news is with this one, as you pointed out, the 7th ark, down on this area, it is one the edge of movement of this gyre which is in a

counterclockwise fashion.

[16:15:00] So again, you go from this region and we know currents slide to the north. Now, I'm going to show you this in colors, blue currents are

colder, red are warmer, it doesn't mean much for this debris but it does means something for the barnacles that we'll be looked at, the different

species.

You wonder how many different species intervening (ph) the Indian Ocean. Well, we're going to look at what are cold water, what are warm water.

So anyway, this is some distance away. Look how small that is. What we do not know is the distance this possibly have traveled northward to get into

that south equatorial current and then back coming down from the north. This is a problem too. We just don't have much coastline here for debris

to wash up on. This is much different.

Even though it's within 40,000 kilometers, if you look at Japan and the debris that came over to North America was 7,000. The debris was showing

up all eight to nine months in North America. This has been twice as long.

So let's go to that region to get a better understanding of the (inaudible) because we learned a lot from everything from the tsunami.

When it came across Japan off the screen, when the first item was found, British Colombia, it was just days and weeks, even months after that much

more was found. But you've got a large target here for a lot of debris to fall upon.

When you look at the barnacles and they will look at this, some of this debris like in the Japanese tsunami had fish inside still alive that was

from that region of the world and we'll know that. But nothing travels in a straight line.

Look at the eddies, we know that the current goes across the Pacific but little items can get caught in these swirls, in these eddies and take

weeks, even months but the general flow continues. So even though it took 16.5 months, we're still watching as we advanced these graphics and

interesting to know here. We got pretty lucky.

So let's go into Mauritius, La Renion, Madagascar. We've got to look at the Northern Coast because, again, the current comes in from the north.

They found this one up to the north. I would be scouring the north coast, not only of this island but Mauritius and of course, Madagascar.

But if we dome from the debris, there's another story here, Richard. We've got a volcano here, Piton de la Fournaise meaning "Peak of the Furnace".

There's high seismic activity lately. There is the gassing under the crater. They are expecting this could erupt any day. They've evacuated

the area. If that does start to erupt, that could hamper any other crews that want to fly in or out of this.

Thank goodness, they took the piece of the wing and already flew it over to France. But also, Richard, could hamper any aerial searches that they want

to take a look at in the next coming of days.

So again, we've got pretty lucky. We do know, however, that this is the current flow.

QUEST: All right.

SATER: Why not -- there could be more. And, Richard, we could've missed them already because there is not much -- too bad Madagascar is not

perpendicular instead of parallel to the flow. There could've been items that have already been missed in this area. It's been so long.

QUEST: Tom Sater, thank you. Sir, thank you.

SATER: Sure.

QUEST: Now, if the debris is found is from 370, it doesn't mean the search zone will change. The search zone is down here off Australia.

In the last two months, Australia is the lead in the efforts in the western coast and ahead of the search authority. The ATSB say, "He's confident

that they're still looking in the right place".

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE: Our search is based very much on very close and the expert analyst head like data (ph) associated with the aircraft, the so

called 7th arc and that the aircraft will be found quite close to the 7th arc. So we have a highly grade (ph) of confidence in our search area and a

highly grade (ph) of confidence in the officials and the people and the equipment we use in to search that area.

QUEST: David Gallo is an Oceanographer who specializes in the searching for lost planes and other things at the sea, joins me from Woods Hole,

Massachusetts.

David, very good to see you. Sir, in the same way that I asked Peter Goelz, I just need you to give me a feeling, a gut feeling that on the

search zone and what this -- how would you use this piece of debris?

DAVID GALLO, SPECIAL PROJECTS DIRECTOR, WOODS HOLE OCEANOGRAPHIC INSTITUTION: Well, I think that the major impact of course is emotional,

one, on the families and then the loved ones of the victims. But the other, the teams that are out there searching because they've been out as,

you know, months on and fighting against the waves and the winds of every - - of the Indian Ocean and the storms and the like. And that's been pretty brutal and their exhausted.

And to have finally some tangible bit of evidence that there's actually an aircraft in that area is going to give them a big lift for this next phase

they're about to enter into.

I don't think that, you know, we had retro drift modeling. We called it with our friends 447, that was maybe 8 to 14 days old, some of those bits

of debris so they were back tracked between 40 and 50, 60 miles and they let us, the modelers, led us to an area, to a haystack for which there were

no needles. And we spend two months surveying that place where they were 90 percent sure that the aircraft would be inside this box that the retro

drift modeling came up within.

[16:20:11] It was 100 percent knot letter (ph), so, you know, I don't think there's any real hope that they can backtrack this over 500 plus days, and

to do anything by narrowing this on but the fact that ...

QUEST: Let me jump in there. Let me jump in because taking that point on board and knowing what they are planning on doing, the HTSP and the

authorities have said, once they've searched, this 120,000 square kilometer area, even after they found that, nothing is found, David, after that, they

pretty much stopped because there's nowhere else to search. There's no more evidence. Do you agree with that?

GALLO: That's a tough one you know? Because early on, we promised the family -- we, you know, we promised the families that we would continue to

search until that aircraft was found. I do understand the economics of it all, and that you got to, you know, in my mind, even now, they should roll

up their shirt sleeves, get around the table, close the doors, turn off the phones and go through every assumption that they have made up to this

point. I am confident that in the 50 percent or 40 percent that they have searched that they had the right team, the right assistance...

QUEST: Right, but are you a confident?

GALLO: The data to me looks remarkable.

QUEST: I'm going to jump in here because the last question because once they've searched, they're halfway through 50,000 of those square

kilometers. 120,000 in total but that one thing finished there David, there has to be a certainty that they haven't missed anything. That

actually, they've done the job not properly but thoroughly.

GALLO: Absolutely. In my -- I spent a week in Canberra with that team and that was one of the first things I said is you do not want to leave and

area without being absolutely positive. If you have to look at everything three times, you don't want to leave an area behind or you're not certain,

the plane was not in that area. And that's information as well. Knowing where the plane isn't is good information as well. So now, they'll move

into the rest of that area. You know, in our case, after we found the plane in the next phase in seven days so I hope to have the same kind of

luck that we had.

QUEST: David, good to talk to you sir. Thank you very much for joining us. We'll be calling.

The U.S. economy is picking up speed. We'll have the numbers for the second quarter.

(COMMERCIAL BREAK)

QUEST: U.S. economy's accelerating not quite at the same pace as some might have hoped. Let me look at the second quarter. You start to see

second quarter estimate 2.3 on an annual basis. It fell just slightly short 2.5 is looked at 2.3 was the number. Q1 was revised up and remember

Q1 was the difficult one because that was where is -- there was such difficulties in terms of the winter and everything and that must be revised

up was a small dip is now a small game. Investors think that figures are good enough for the Fed and they are still expecting a rate rise.

[16:25:00] That could explain -- remember, the number on the GDP comes out early and that's why we saw a very short fall up at the open of the market.

But as the day progress, there was even a one or two moments of green and the market close just still five and change on a flat day.

Janet Yellen the Chair of the Fed said on Wednesday, there must be further improvements in the job market. That's the key phrase, further improvement

in the job markets, six months before the Fed makes its move on rates.

CNN Money's Paul LA Monica. Paul.

PAUL R. LA MONICA, MONEY DIGITAL CORRESPONDENT: Thank you sir. Welcome back.

QUEST: Thank you very much. Now, what do we make of this 2.3 number? Is this the sort of number that pushes the bottom towards September or takes

us further away?

LA MONICA: I think the Fed is probably going to do the rate hike in September. The 2.3 percent increase could go a little bit higher. We are

going to get some revisions. The most important thing I thought in the reports day was that consumer spending was up 2.9 percent. So, all those

worries about the winter that first quarter number it probably just was the snow.

QUEST: So that 2 point (inaudible) with the revision out, which would suggest the revision off of January of Q1 and on top of this. The Fed is

terrified of being behind the curve.

LA MONICA: Without question, they don't want to sit back for too long, have asset bubbles prop up and then all of sudden they're doing aggressive

rate hikes kind of like in the Paul Volcker days. They don't want to do that. But I think the good news for the Fed is that this is just a slow

and steady recovery which doesn't feel great for American consumers. I wrote a story in 2010, calling it the barbecue recovery because low and

slow, five years later that's unfortunately still (ph) up but it's probably good enough for the Fed to do just this tiny quarter point hike one and

done and then they sit tight and watch the data.

QUEST: The first rise, you end up sitting in that chair, the next week saying when do they do the next?

LA MONICA: We're all going to be doing that but I don't think they have made us a really good point that they're not going to be -- like Greenspan

and Bernanke, it's not going to be quarter point every single meeting. They're going to take some pauses.

(OFF-MIKE)

QUEST: In a moment our top story, we will continue. The debris which is being discovered on the island of Reunion and we'll be there to talk about

what it maybe or we know what it is? The question is has it come from the plane and is there any more being washed up? (Inaudible)

(COMMERCIAL BREAK)

QUEST: Hello I'm Richard Quest. There is more Quest Means Business in just a moment.

When Donald Trump takes the high road on a trip to his Scottish Golf Empire.

[16:30:03]

And a South Korean billionaire throws his hat into the ring. He wants to become FIFA's next president.

Before all of that, this is CNN and on this network the news always comes first.

It's being called a major lead in the search for MH370 and Malaysia's prime minister says the debris found on Reunion is almost certainly from a 777,

identical to the one that disappeared las year. In the coming hours, investigators in Paris will test whether the object is part the missing

aircraft.

Families of the 239 people onboard are waiting for their answer.

(BEGIN VIDEOCLIP)

JUANG (PH) HILL, SON OF MH370 PASSENGER, VIA INTERPRETER: So last night when we heard of this information, everyone consoled each other, discussed

together then finally everyone thought that there's no need to believe it even if we find out this piece of debris belongs to MH370. There's no way

to prove our people were with that plane.

(END VIDEOCLIP)

QUEST: A man has been arrested on suspicion of stabbing six people at Jerusalem gay pride parade. They say the suspect who's an Orthodox Jew was

recently released from prison having committed a similar attack at the same event ten years ago. At least one person was critically injured in the

attack.

Wildlife authorities in the United States say they've been able to contact the hunter who killed Cecil the Lion in Zimbabwe. A Walter Palmer says he

believed his hunt was legal and that he will cooperate with the authorities in any investigation.

The head of the U.S. Fish and Wildlife Services says efforts to contact him have so been unsuccessful.

As conservationists mourn the death of Cecil the Lion, the United Nations is calling on all member countries to stamp out illegal wildlife poaching.

The United Nations General Assembly passed a landmark anti-poaching resolution which has been more than two years in the drafting.

Germany's U.N. - Germany's U.N. ambassador told reporters he was outraged over Cecil the Lion's death and said time is now running short for the

world's endangered species.

(BEGIN VIDEOCLIP)

HARALD BRAUN, GERMAN AMBASSADOR TO THE UNITED NATIONS: If we fail, rhinos, elephants and other species will face local and potentially global

extinction. Equally disturbing as we have just heard are the negative political, economic, social and environment effects of the illicit

trafficking in wildlife.

The scale and nature of wildlife crime has become a pressing global problem that requires shared solutions at all levels.

(END VIDEOCLIP)

QUEST: Investigators in Reunion Island are looking at new debris resembling a suitcase which washed up on Thursday morning. A police

helicopter was seen flying along the shoreline of the island. CNN's Nima Elbagir is there. Nima, the - this - suitcase, tell us what we know and

what's being said there.

NIMA ELBAGIR, CNN INTERNATIONAL CORRESPONDENT: Well police are describing it as resembling the remnants of what they're calling a passenger carry-on

case. We've seen pictures of it.

Of course officials are hesitant to say much more than that to describe it really as what I think most people would describe it as looking at that

picture which is a suitcase because they are very, very careful about what they're putting out there and they're very careful about inspiring any

false hope.

But they have confirmed asset (ph) this is being placed within the context of the broader investigation. They see this as part of the evidence that

floated to shore alongside that plane debris that came in the day before.

And because of all of this they are keeping a really, really close eye on that shoreline hoping to see what else might turn up which is where we

headed, Richard, earlier today. Take a look at this.

Search helicopters pass overhead scouring the Saint-Andre shoreline. This is where the plane debris washed ashore and this is where was found by the

beach cleanup crews who dragged it across the pebbles and leant it over there against that stone wall, cleaning much of the evidence off it in the

process.

It was only when the police and the special investigation unit turned up that it began to dawn on them that perhaps they did discover something

pretty crucial.

Male Speaking French: Johnny's been working on this stretch of beach for years. As soon as he saw this debris he said he shouted to the rest of the

crew to stop what they were doing. Somehow, he says, he knew what it was.

[16:35:00] JOHNNY BEGUE, FOUND AIRPLANE DEBRIS, VIA INTERPRETER: I thought perhaps it's from a plane crash so I said don't touch it anymore because if

it's a plane crash, the people have died and you have to have respect for them.

ELBAGIR: Johnny was right. Local officials told us the barnacles you see in this picture will be vital in establishing where the debris sank and how

long it's been underwater. This morning more debris washed ashore. It appears to resemble the remnants of a passenger carry case but of course

until further investigations are carried out, no one knows for certain.

Since then police helicopters have been patrolling this stretch of sea trying to get a better line of sight on anything and everything that's

heading towards the shore.

For many of the families of those that disappeared on that plane, this is the first time in a very long time that they're beginning to feel some

faint glimmer of hope, hope they might finally know what happened.

Authorities here tell us that they're working on getting much of that evidence to Toulouse but of course it's a very difficult balancing act -

whether to wait until the evidence gets to them and perhaps miss something crucial here on the ground or to try and get out here and see what there is

that perhaps they could find, Richard.

QUEST: Is there any talk of bringing more resources in - more ships, more searches? Because not only have you got Reunion, but of course you would

be looking to increase the searches at Madagascar and possibly as far over as the eastern coast of Africa.

ELBAGIR: That is the conversation that is being had. But of course at the same time nobody wants to trigger false hope and a broader investigation

and a broader sea search that might not bring forth that much. So they want to see what -- whether -- what they have now is really tangible.

And of course in addition to that, you have the infrastructure issues here. We have a volcano eruption warning, some of the areas around the craysa

(ph) here on Reunion have been - they've been evacuated. So there are concerns about how safe it is for Reunion to be a broader base and how easy

it will be for Reunion to be broader base.

But of course until start getting some really clear signs from the evidence that they have, all of that can't actually start to be put into effect.

QUEST: Nima, thank you for that. Xavier Tytelman is an aviation analyst and was one of the first people to examine the photos of the debris found

in Reunion. He joins me now from Paris. Good evening, sir. Thank you for joining us.

XAVIER TYTELMAN, AVIATION ANALYST: Good evening.

QUEST: So you saw the picture -

TYTELMAN: Thank you.

QUEST: And tell me immediately what did you think? What did you say?

Well we got this picture because a local journalist who really used to work with me and they just sent the picture to - just to know if I was able to

understand which kind of piece it was. It was obvious that it was part of a plane and a massive plane - a liner.

In the beginning we just thought about some kind of flaps but we didn't find any match. We just looked at hundreds of pictures. We just tried to

figure out which plane it could belong to and we finally found this picture. And as you can see, this is of the wreckage that we found this

morning, and the compety (ph) fits.

We have here the outboard actuator, we have the holes, very specific holes - but not only the shape that fits but also all the connections. This was

the first clue that we had and so of course it was quite exciting. We just posted this picture on Twitter and hundreds of people just started looking

for the same things and a lot of people found some more shapes that were looking like Boeing 737.

QUEST: Right. The numbers that are on there - the numbers that have been found on there don't correspond exactly and there are questions about

whether it's a maintenance number or a parts number, but there's pretty much unanimity now that it's from a 777, isn't there?

TYTELMAN: Yes, the shape fits as well as, as far as I know we've been told those numbers yesterday. The first one that we got were false, were fake

numbers, but today we had the right - the real - ones and it appears to fit with the very specific spots of the plane. Because some of our friends in

our team - we could ourselves the Aviation Geeks -

QUEST: Right.

TYTELMAN: They work on the Boeing 777 and they were able to check if those numbers were fitting with something, and it was also fitting with the

flaperon which was a very specific part of this plane of the Boeing 777.

QUEST: Now when we look at the debris, we see that shearing and we see almost - can't tell whether they're barnacles or whether it's actually part

of the composite that has been sheared off at the end. What do you think it is?

[16:40:05] TYTELMAN: Well I didn't have the opportunity to touch it by myself, but specialists there just said it was some kind of shell and those

shells are very specific because they appear when a piece can spend one year to two years in the water.

If it had spent much longer in the water, there would be seagrass. So there was a second clue. This piece of wreckage spent one to two year in

the water and of course you have to think about MH370 who just disappeared about a year and a half ago.

QUEST: Sir, thank you for joining us. We'll call on you in the future as we get more information and we need more helping of understanding. But

it's fascinating having you with us tonight. Thank you.

The host of "Top Gear" - they used to traipse the globe navigating onto unfamiliar terrain. And then they burned their bridge at the BBC. Now the

trio's back burning rubber and they're navigating the new media landscape. Why should "Top Gear" go to Amazon? (RINGS BELL).

(COMMERCIAL BREAK)

(BEGIN VIDEOCLIP)

JEREMY CLARKSON, FORMER HOST OF "TOP GEAR" SHOW: This obsession everybody's got now that speed kills. It doesn't. Speed has never killed

anyone. Suddenly becoming stationary - that's what gets -

(AUDIENCE LAUGHTER)

CLARKSON: That's the killer.

(END VIDEOCLIP)

QUEST: The ever-controversial Jeremy Clarkson, and now Clarkson and the boys of "Top Gear" are stationary no more. The trio is getting back into

the driver's seat with Amazon which has brought up the former BBC host to present a new car show.

Now this is of course how you might see Amazon and Amazon Prime at the moment selling basically the existing series of "Top Gear" - all of $13.79

with free shipping over $35.00. Look, it's the latest example of Amazon shimming its way into the TV and movie industry, trying to compete with the

likes of Netflix and Hulu.

You'll be interested to see customers who also bought "Top Gear" - they bought (AUDIO GAP) but Woody Allen's first TV series and the hit show

"Transparent" which has already won two Golden Globes and they're both made by Amazon.

Why has Amazon spent this extraordinary amount of money? Because surely that's what it must be. Samuel Burke -

SAMUEL BURKE, CNN BUSINESS CORRESPONDENT: Good evening.

QUEST: is with us. Good evening to you, sir. I need to understand this because - tell me.

BURKE: Amazon is incredibly serious about Prime and they don't think it's just enough for free shipping and online streaming music. They want to

compete with Netflix and this is how they're going to do. It's a proven success - why wouldn't you do it?

QUEST: Because the numbers and the amounts involved. Those three men did not come for the price of a cup of tea.

BURKE: And this has been the complaint of Amazon investors for a long time - that they spend, spend, spend and Amazon has made no apologies about

that. Quarter after quarter Jeff Bezos and the team has said we're investing for the long term.

[16:45:09] I'm sure it cost them a pretty penny, but BBC has said that "Top Gear" has 350 million viewers worldwide. Amazon Prime only has 50 million

members by some estimates. So even if they can get a little of that audience to sign up, it would be a big win for Amazon.

QUEST: So what does Amazon do now? Because look, I'm going to freely express my ignorance --

BURKE: Oh, Lord.

(LAUGHTER)

QUEST: -- with the whole concept of Netflix, Hulu, Amazon Prime. I'm not a - I'm not a user yet. I realize I'm (AUDIO GAP) out there.

BURKE: Listen, there's good news for us who work in television. Good story-telling never changes, it's the medium that changes - whether it goes

from radio to television. It's truly the exact same thing that you and I are doing right now and that people might watch online later on - you get

your TV via internet connection and then you can watch it on a tablet or a phone or transmit it to one of these things - a television.

QUEST: Right. But Amazon is very small potatoes at the moment in the TV business.

BURKE: Well, that's what people said about Netflix and now Netflix has a stock price that's incredible, a market valuation that's incredible and

they have about 70 million users worldwide.

QUEST: OK, so if you've got Netflix and you've got Hulu and now you've got Amazon Prime -

BURKE: Yes.

QUEST: -- then the networks themselves - because originally those - the Netflix at least was - were showing their old stuff.

BURKE: That's right.

QUEST: Now they're showing the new stuff and they're commissioning the stuff.

BURKE: That's right.

QUEST: So where's the balance of power shifting at the moment?

BURKE: Oh, the balance of power is shifting to the streaming companies and even the traditional broadcasters. Companies like our own Time Warner took

HBO - a product that was only available on cable and have made it available streaming.

This is the way everybody's going. Nobody's going - nobody wants to be - left behind and no smart cable executive is going to be left behind.

QUEST: Am I a dinosaur?

BURKE: No, of course not because you're going to log on to Amazon. I don't think you're going to watch "Top Gear" - you don't strike me as a

"Top Gear" guy. But the show "Transparent" is incredible. It's a really moving show.

It's amazing - you can now get your socks, your pet food and watch one of these shows all on the same platform.

QUEST: And that's progress. (RINGS BELL). Samuel, thank you. Will you wash my socks?

(LAUGHTER).

QUEST: Not old enough to be using the bell. The man who says his business acumen qualifies him to lead the world's largest economy is visiting

Scotland. Well, there's nothing wrong with that - very pleasant at this time of the year.

Donald Trump is taking a break from campaigning to become the next U.S. president and he's visiting the golf resort that he owns there.

The latest Quinnipiac University poll - look at that, Trump firmly in the lead amongst Republicans vying for the nomination. Twenty percent for

Donald Trump, 13 percent for Wisconsin Governor Scott Walker, Jeb Bush down at ten percent.

CNN's Max Foster's reporting. The campaign's managed to follow him across the Atlantic.

MAX FOSTER, CNN ANCHOR AND LONDON CORRESPONDENT: It's the Trump helicopter coming in to land at the Trump Hotel overlooking the Trump Golf Course.

It can only mean one thing - another debate about illegal immigration.

(VARIOUS QUESTIONS FROM REPORTERS)

FOSTER: The point of this visit was meant to promote this Trump Resort and also the very historic golf course that it overlooks. But Trump's guests

down there are in two minds about him.

Male: From what I can understand, he's doing a good job with the course but the man himself is to me a bit of a joke.

Female: He's a very selfish, self-centered man with his own opinions of how he wants to do things or what he wants to do. That's life.

Male 2: Well personally I think Donald Trump's doing really well in Scotland, he's done really well for golf and he represents everything for

it and this place has changed tremendously. And this or that (ph) having his money, so. What more can you say?

Male 3: His recent comments about Mexicans I think seemed very silly comments to be - however, he's got history of doing fantastic things for

golf (inaudible).

FOSTER: At a press conference it was back to immigration.

DONALD TRUMP, U.S. REPUBLICAN PRESIDENTIAL CANDIDATE: I've been proven to be right on illegal immigration in the United States.

FOSTER: Then on to questions about everything from Scottish separatism to big game hunting, international relations and world peace no less.

TRUMP: You know I always heard for many years the worst thing that can happen for world peace is if Russia and China ever get together. We

through our incompetent leaders in Washington drove Russia and China together.

[16:50:03] FOSTER: "The Trump Show" as some are quietly calling it here, is in town until Saturday. It was meant to be a break from political

campaigning but this is turning into the Scottish leg of Trump's headline- making tour. Max Foster, CNN Turnberry, Scotland.

(END VIDEOCLIP)

QUEST: A Korean billionaire thinks he's the best person to gain back FIFA's credibility. We'll look at the growing field of candidates who are

vying to replace Sepp Blatter (inaudible.).

(COMMERCIAL BREAK)

QUEST: Now the gentleman owns a big part of Hyundai and he wants to be the next person to lead FIFA. Chung Mong-Joon is a South Korean billionaire

who led his country's football association for 17 years. He says he'll stand to replace Sepp Blatter as president of the World of Football's

governing body.

The Hyundai Motor Group is a key FIFA sponsor, but let's be clear - Joon owns Hyundai Heavy Industries known for its ship building. Hang on, Don

Riddell is at the CNN Center. Are we talking ship building, car or football here?

DON RIDDELL, CNN "WORLD SPORT": Football, please. I'm better at that than the other two.

QUEST: Right, so what's happening? Who's standing on what?

RIDDELL: Well, we don't know the full list of runners and riders, Richard, we won't know that until October the 26th which is going to be four months

to the day before the election on February the 26th. But we do now have two key names involved - of course Chung Mong-Joon who's certainly is

heading to the rink today and of course the UEFA President Michel Platini who stated that he was going to be running yesterday.

And it's going to be absolutely fascinating to see who the FIFA member nations decide they want to run football's (AUDIO GAP) governing body.

QUEST: Right.

RIDDELL: Of course Platini very much a FIFA insider, Chung Mong-Joon much less so.

QUEST: But tell me about Chung Mong-Joon - his credentials for wanting this job and how he would balance it with his other jobs and particularly

being a billionaire. It's not the sort of thing you do part time.

RIDDELL: (LAUGHTER). Well I guess if he has that much money, he doesn't need to work for a few years if he's going to be running FIFA. He says he

only wants this for one term, Richard.

He says he wants to come in, clean it up, make his mark and I quote, "Basically make it into a sporting NGO - an open, transparent, moral,

ethical and truly global organization." That's one of the things he says he's standing for.

The fact that he's not a European he thinks is a good thing. Of course in many parts of the world, they resent the fact that football - FIFA - is run

from Europe. He says he's very much kind of an anti-Platini. He's very critical of the fact that Platini is very much a FIFA insider, Platini has

been on the FIFA ex-co since 2002. He's described as a Blatter stooge. So he's really offering something different to the 209-member nations.

But Platini earlier this week said -

QUEST: All right.

RIDDELL: -- that he's already got the backing of four of the six confederations. And if that's true, maybe he's already a shoe-in.

QUEST: Is it your feeling from your soundings than actually what the confederations would like would be another candidate - a consensus

candidate? Somebody they can rally around.

RIDDELL: Well quite possibly so, Richard, that would certainly be very interesting. And just because Platini has been told he's got their support

doesn't mean he actually does have their support.

And FIFA's critics would say that if they're going to be truly reformed, it needs to be done by somewhat of an outsider. Of course FIFA aren't going

to accept a complete outsider but it may well be that Chung Mong-Joon does fit the bill.

[16:55:11] He's not been involved with FIFA for the last four years and as he says, he's not a part of the FIFA system.

QUEST: Don Riddell, thank you, sir. We will have a "Profitable Moment" after the break.

(COMMERCIAL BREAK)

QUEST: Tonight's "Profitable Moment." So, Jeremy Clarkson and the "Top Gear" team have gone to Amazon Prime TV. And that in many ways that is the

most fascinating of developments. "Top Gear" for the BBC was one of the corporation's greatest if not the most profitable franchises, and in terms

of global broadcasting, it was almost without par.

The fact that Clarkson having been sacked and now out in the wilderness has chosen not to take that millions that must have been offered by traditional

broadcasters and instead gone with Amazon speaks volumes for the revolution that's underway in this industry.

And make no bones about it, it's not an evolution, it's a revolution. Amazon will have paid dearly for the rights of Jeremy Clarkson and Co. - no

question about it.

They will have paid millions if not tens of millions over the years. Because what it says is it's all change. Appointment-viewing on television

- network television - maybe no longer exists. Instead it's Netflix, Hulu, Amazon Prime. And where does all of that leave something like us tonight -

"Quest Means Business"? I prefer not to think about it. Luckily I'm on the wrong side of 50 which means I'm heading out that way while everybody

else is working out what comes next.

And that's "Quest Means Business" for tonight. I'm Richard Quest in New York. Whatever you're up to in the hours ahead, (RINGS BELL) I hope it's

profitable. I will be here tomorrow.

END