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Due to the live nature of this programme, we apologise for the lack of captions for some items. The winds of change are blowing. The forecast is for 25 kn later in the day. The tide was coming in. Relatively flat water. We have got a wind speed limit of 24.7 for race one. There are two effects that help NZ today. The floodtide smooths out the water. They are high towards the starting line. There is an advantage up there. We could see history being made today. Oracle Team USA helmsman Jimmy Spithill is on the left. Dean Barker is on the right. The wind is 16.8, and we were concerned before about the race because it was 22 before. It is a mechanical day in terms of reliability. So far both of these boats have had an astonishing reliability. What has really impressed is the way the teams have grown with the boats. If they knew before what they know now of the limits, we would not have any wind limits. It looks like it's a bit more moderate than was earlier in the day. Both boats have got small jibs on. This is a must win for team NZ, once again on match point. NZ we can see, both boats over 40 kn in the entry. Oracle thunders down into the start box. Tactics now, what do you think? Oracle gybe, NZ going to tack. We're back to the equation of time on distance. Can the Kiwis get it right this time? A small jib on both boats. The next minute is absolutely crucial for the chances of winning as team NZ come up the side Oracle. Oracle has the port entry advantage. Pretty aggressive move there by Barker. The crucial moment. If Barker has time on distance right there, he has a strong position. This time on distance is good here for NZ. They could be in good shape. Both boats a bit early. As we come up to the start, there was a flag immediately off the line. NZ was required to keep clear. We can still see the flag. Oracle are in the controlling position. It is a penalty against team NZ. And that's a touch. They will be flags from both boats, but Oracle has created a contact, and that is a second penalty against a NZ. This is a bit of a disaster for Barker. Jimmy Spithill is very aggressive of the line. The penalty is over and done with and they are away. When that overlap from Spithill was established, Barker was required to keep clear. What a disappointment, but Jimmy Spithill continues his very good form in prestart. Ainslie calls to settle down, but they have pretty much settled down already. What happened was Ainslie, as the leward boat, really pushed hard to go for the penalty. It's that equation of how close you are, the distance and the time you have got to utilise in the pre-start. Two penalties against the Kiwis. Ainslie is furious at the back of the boat, and when they had the touch, he was screaming at the Kiwi boat to get away. Two thumping penalties, and that is a real kick at the start of the race. There is a long way to go here, Mark. We could see crew work reliability come into play. We need something to go in the way of these guys. But these are good conditions for the Kiwi boat. What we do know is that they won't be giving up. We know downwind the boats are evenly matched. Jimmy Spithill converted that aggression into two penalties in the pre-start against Emirates Team New Zealand. Grant Dalton their back on the boat, and he will be wondering whether that was the right move. I do not think Dalton had too much to do with the two penalties. A strong personaility like Dalton on board might settle the crew down. It is a big call to trying to yank this one of the bag but we have seen very odd things happen. This is the key moment when team NZ got overlapped by Oracle. This is the classical hook. the biggest and we have seen between these two boats. It is not a nudge. They are very close. It does whack later. We saw the boat shudder. Very vulnerable Emirates Team New Zealand as the windward boat. We did not quite see the slap. Oracle Team USA have won the start In the most convincing manner we have seen so far. It is hard to see how they are going to be caught. Nice mark rounding by Oracle. That is the most aggressive pre-start we have seen as America's Cup. People have been so wary of whacking the boat. But looks like the Kiwis are going to have to follow suit. In the stronger winds, it is about crew work. Pretty neat rounding. What can Ray Davies pull out of his bag of tricks today? NZ are behind at that second mark. Oracle have tacked and are heading back towards the tidal relief of Alcatraz. That would equate to 30 kn until the wind. Team NZ have now tacked. Both boats are heading towards our Alcatraz. It's in that condition that it really likes. That is an amazing sight just trying to look at angle. When you're on the foils, you have to sail in a deep angle. But Oracle have refined upwind foiling. Once they are on the foils, they are getting rid of the drag. I was talking to the technical editor of Yachting World, and he said that he always liked the look of Oracle boat, and now they have learned how to sail it. They have almost an automatic system offsetting the rate of their foils, which means the boat has been made very easy to foil up wind. The question was asked about that system that Oracle run in terms of the jury, but the jury found that they were compliant. They are not about stored power, and Oracle have a valve and battery system so they had a button and they are almost in business in terms of Foil angle. Team NZ playing catch up. Team NZ are pushing ahead on port towards Alcatraz. Before they tack and go across to the city front. Up goes the Toyota dagger board. The Kiwis try to pile on a bit of seed in these fabulous sailing conditions. 18, 19 kn wind on the water. It is moderated a bit from what we had earlier on. The talking point of this race will be the pre-start. Two penalties. It puts them in a very strong position. Ben Ainslie would be talking about the foiling, I would imagine. NZ has come back a little year. Nothing wrong with the upwind speed. You can see the tide by the different colour of the water. All NZ can do is keep chipping away and try to get a little bit closer. At the briefing this morning there was big discussion about what was going on with these boats. We have just got so used to seeing them going a staggering pace. Ben Ainslie is saying to be careful. He is saying to not get carried away with upwind foiling. It is how quickly you're getting to your destination that is the key. There are saying about 300 m, which is solid. Peter, it all comes down to the start. Very hard to recover from two penalties. Look at the Kiwis now on their foils going up wind. Both boats can do it. A lot of the time they are pretty evenly matched. You can see Jeremy Lomas there on the right. He is looking down at the foils and is flying the boat on the foils. Oracle have a more automated system. Oracle sailing higher towards the mark. The Kiwis have a good burst of speed on her. Looks like too little too late. The Kiwis out in the current, so that is why they will head back towards the city front. Grant Dalton jumped on board today. That boat looks so clean and fast. A real balancing act between angle to the wind versus speed. Every time the Kiwis make a little bit of an inroad, the States boat is off again. The winds are a little bit more moderate than some of us thought it would be. Oracle has got better and better and better. It is hard work for Grant Dalton. Not sure what the game plan is. I do not see a lot of passing lanes from here to the top mark. Issue for NZ out there on the right as the two knots of current. The boys driving in the back. Does not look like Oracle are on that lay line. Ray Davies will do to tacks towards the top mark. If Oracle won the right, they have more takcs to do. Ainslie is talking left-hand gate, so they will tack. I would expect team NZ to go right to the lay line and come to this right-hand gate. While Oracle have got to do in this breeze is negotiate the danger zone at the top and once they have got through that... there is nothing wrong with the NZ speed. They've actually come back. They come round the mark, speed 19 seconds. In terms of pace, there is nothing wrong with the Kiwi speed. In the pre-start, to absolutely hammering penalties. Nice going. KEEP it going. Can the Kiwis find something magical? They came down this boundary on the left-hand side. Only 19 seconds between them. That is the best part of 19 boat lengths. A short time, but huge distance. 40-plus knots. The Kiwis in some good pressure the out on the far side. If only we hadn't had those two penalties. The Oracle afterguard are always strong. Certainly nothing wrong with the New Zealand speed. We have been saying that on and on. As the regatta has gone on, we have got a handle on that. It is incredible how close they are in terms of speed. Let's stay with us a bit. They are talking about a dummy move. Ray Davies. They are going to fake a gybe to increase separation. Setting up for a dummy. Four, three, two, one. Just saw a maximum speed there 40 New Zealand. Correction: 46.2 knots. These are the conditions for it. It has caught up and it has got them to this stage. Again, it all comes down to the start. There is Alcatraz there. You can see the boundary. If you want to take any positives out of this, going into this there was a bit of this, it's New Zealand's pace with Oracle. But it is fine. They just need to get the start sorted out. We will be into a second nailbiter. There is the bottom mark. Around to the right hand and then they will reach America's Cup Park. To amazing flying machines. How many more races? We're watching an absolutely titanic battle the like of which we have never seen before and which we will probably not be likely to see again. Oracle I just reeling off in this comeback. They have done it again. They have closed the gap, but it is too little, too late. We will have to go into another slugfest. New Zealand came around. They made up two boat lengths. They were as far back as 29 seconds but now it is only 17 seconds. Plenty of positives,... ... but it was all on the start. Oracle dips in a little bit. What are they up to? 38 kn. It is another amazing win. Oracle, after giving two penalties on to New Zealand in the start, they are going to take race 17. They are just now one point behind Emirates team New Zealand. Big ups for Jimmy Spithill. He absolutely pounded Dean Barker in let's start box. New Zealanders have to rue the day, swallow this and get back on the boat. We know they have got the pace. New Zealand came acrossand they lost a bit there. They buttoned off a bit in the bulk of the race. Unfortunately, for Barker, it is all about the pre-start. Well, okay. That is eight - seven now. Without the 2 docked Points at the beginning, they would have taken this out. We will get ready for the second race. Basically, it was all won in the pre-start. Game over. They had to get cleanly around the race. For the Kiwis, they have to have another go and see if they can convert matchpoint. If Oracle did not have those two penalties on them, they would have now won the America's Cup. Chris Dixon, what did you think of the start? I thought the same as 4 million other Kiwis. Your job is the skipper is you don't have to win the start, but don't lose it. You have got to stay close. You've got to give the crew and the boat the chance to stay close. Live captioning of the America's Cup will resume at the start of race two. MAN: Now, tell me what you see in this image. MAN: Now, tell me what you see in this image. WOMAN: Um,... my new shoes? OK. And this? My... tickets to Fiji. Right, OK. This? This? My phone bill. This? My phone bill. Hmm. 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