Browse content similar to 04/02/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
This is Business Live from the BBC with Ben Thompson and Sally Bundock. | :00:13. | :00:15. | |
Oil prices jump back above $35 as some call the bottom | :00:16. | :00:17. | |
But it's little comfort to oil giant Shell - | :00:18. | :00:22. | |
the latest to report a big fall in profits. | :00:23. | :00:24. | |
Live from London, that's our top story on Thursday | :00:25. | :00:26. | |
Royal Dutch Shell sees its annual net profit plunge by 87% | :00:27. | :00:49. | |
as the volotile oil price hits profits hard. | :00:50. | :00:54. | |
One of world's biggest ever trade deals has been formally agreed. | :00:55. | :00:59. | |
The Trans-Pacific Partnership will cover 40% of the global economy | :01:00. | :01:01. | |
but critics say it's a recipe for job losses and low pay. | :01:02. | :01:05. | |
A surge in oil prices has helped to lift investor | :01:06. | :01:08. | |
confidence across most markets with energy-related | :01:09. | :01:09. | |
The oil majors are among the big winners. | :01:10. | :01:16. | |
And Ford is revving up to take on the European market - | :01:17. | :01:19. | |
but it could mean heavy job losses and cost cuts. | :01:20. | :01:21. | |
The boss of Ford in Europe will join us live later. | :01:22. | :01:24. | |
So do you have a question for the boss? | :01:25. | :01:26. | |
Let us know, get in touch, use the hashtag BBC BizLive. | :01:27. | :01:34. | |
Shell has reported an 80% drop in full year earnings as the oil | :01:35. | :01:50. | |
producer has been buffeted by falling oil prices. | :01:51. | :01:53. | |
The decline is the company's sharpest fall in | :01:54. | :01:55. | |
Shell is just one oil giant that's had to make major cuts as a result | :01:56. | :02:00. | |
Let's take a quick look at the market as a whole: | :02:01. | :02:08. | |
America's biggest firm Exxon Mobil posted its weakest | :02:09. | :02:10. | |
The company is planning to cut capital and exploration spending | :02:11. | :02:14. | |
Fellow oil giant BP will cut 7,000 jobs around the world | :02:15. | :02:21. | |
It's also planning to sell $5 billion in assets. | :02:22. | :02:31. | |
Shell - which posted those bad numbers this | :02:32. | :02:33. | |
morning - has sold more than $20 billion in assets | :02:34. | :02:37. | |
since the start of 2014 and plans more through 2018. | :02:38. | :02:41. | |
It cut capital investment by $8 billion in 2015. | :02:42. | :02:46. | |
In fact Shell's results come just days after the company sealed | :02:47. | :02:56. | |
a ?47 billion takeover of BG Group Plc. | :02:57. | :03:02. | |
Capital investment for Shell and BG for 2016 | :03:03. | :03:04. | |
is expected to be $33 billion, down an eye watering 45% with 10,000 | :03:05. | :03:07. | |
jobs confirmed to be cut as part of the takeover. | :03:08. | :03:13. | |
Our economics editor Kamal Ahmed is here. | :03:14. | :03:21. | |
It highlights how difficult it is for the big oil firms to make any | :03:22. | :03:27. | |
sort of plans and predictions based on the oil price which is so | :03:28. | :03:32. | |
volatile. Where are we in terms of where the oil for -- firms are at | :03:33. | :03:41. | |
the moment? Show is less affected, because they produce gas and the gas | :03:42. | :03:45. | |
price has not fallen as badly as the oil price -- Shell is less affected. | :03:46. | :03:51. | |
So they have some protection there, but if you speak to oil chief | :03:52. | :03:57. | |
executives they believe that the oil price will strengthen over the rest | :03:58. | :04:00. | |
of the year, as demand from China and America increases, and all of | :04:01. | :04:04. | |
these companies, the big companies, they are relying on that. Or they | :04:05. | :04:10. | |
will have to go through more cuts in costs, yet more investment decisions | :04:11. | :04:16. | |
which are negative. I was speaking to law John Brown, the former chief | :04:17. | :04:20. | |
executive of BP and I asked in his thoughts about the future of the oil | :04:21. | :04:21. | |
price. -- Lord John Brown. The big thing I think we've learnt | :04:22. | :04:26. | |
in the past is that it takes time for supply to stabilise and allow | :04:27. | :04:30. | |
the gap between supply We're back to a period of lower | :04:31. | :04:32. | |
prices, much as we had from '86 to 2004 - a 17 year period | :04:33. | :04:47. | |
where the price was around about 30 to $35 in real terms | :04:48. | :04:50. | |
which is sort of the price today. You asked about the North Sea? Yes, | :04:51. | :05:04. | |
Shell has said it is pulling out of its exploration in the Arctic and it | :05:05. | :05:06. | |
will have less exploration in Africa. The North Sea is one of | :05:07. | :05:09. | |
those expensive areas and I asked him what he thought the | :05:10. | :05:17. | |
future was for the North Sea. It has some future, clearly there is gas | :05:18. | :05:23. | |
oil, which will continue to be in selective parts, but it is not the | :05:24. | :05:27. | |
same as it used to be, no doubt about that. It is a very diminished | :05:28. | :05:33. | |
part of the global supply equation. Can I say, one of the things which | :05:34. | :05:37. | |
is extraordinary about the UK North Sea, I remember when it started, and | :05:38. | :05:41. | |
we thought it would the over by the year 2000. That we turn off the | :05:42. | :05:47. | |
lights in 2000, but back came and went, and actually, the North Sea | :05:48. | :05:51. | |
was doing very well, and so we have had a lot of extra time here, which | :05:52. | :06:02. | |
we should be very grateful for. There is the merger between Shell | :06:03. | :06:07. | |
and BP, probably the worst time they are thinking about doing this. It is | :06:08. | :06:14. | |
nearly a $50 billion deal, but I think the chief executive of Shell | :06:15. | :06:17. | |
is more concerned with making that deal work than he is the future | :06:18. | :06:22. | |
trajectory of the oil price. One important thing for our pensions and | :06:23. | :06:27. | |
savings, Shell has committed to its dividend, so did BP, they are two of | :06:28. | :06:32. | |
the biggest dividend payers in the UK so at least for investors they | :06:33. | :06:35. | |
will be some reassurance. We will watch that closely. Thanks for | :06:36. | :06:41. | |
joining us. Now some other business stories. | :06:42. | :06:43. | |
Credit Suisse has reported its first full-year loss since 2008 as it set | :06:44. | :06:47. | |
Trading losses also contributed to a slump at the two | :06:48. | :06:50. | |
Switzerland's second-biggest bank posted a net loss of $5.8 billion. | :06:51. | :06:53. | |
The Zurich-based lender is accelerating plans to cut 4,000 | :06:54. | :06:58. | |
Sumner Redstone has stepped down as executive chairman to be replaced | :06:59. | :07:11. | |
by president and chief executive Leslie Moonves. | :07:12. | :07:14. | |
There's also speculation that Mr Redstone will also step down | :07:15. | :07:18. | |
as chairman of Viacom, which owns MTV and Nickelodeon. | :07:19. | :07:21. | |
The 92 year-old has been facing questions and legal action over his | :07:22. | :07:24. | |
The former head of the International Monetary Fund, | :07:25. | :07:31. | |
Dominique Strauss-Kahn, is joining the board of a bank owned | :07:32. | :07:33. | |
by Ukranian billionaire Viktor Pinchuk. | :07:34. | :07:36. | |
Mr Strauss-Kahn resigned as IMF managing director in 2011, | :07:37. | :07:41. | |
allegations which were later dismissed. | :07:42. | :07:46. | |
The Trans-Pacific Partnership, one of the world's biggest | :07:47. | :07:55. | |
multinational trade deals, was formally adopted by the 12 | :07:56. | :07:58. | |
But the massive trade pact still needs years of tough | :07:59. | :08:02. | |
negotiations before it becomes a reality. | :08:03. | :08:06. | |
Leisha Chi is in Singapore with the details. | :08:07. | :08:14. | |
It has felt like forever, but it has only taken five years. Thousands of | :08:15. | :08:21. | |
hours of negotiations and multiple missed deadlines, this ambitious | :08:22. | :08:26. | |
deal has finally been signed in New Zealand. This is the world's biggest | :08:27. | :08:31. | |
trade deal in two decades and will cover 40% of the global economy. | :08:32. | :08:35. | |
These countries are looking to lower barriers to trade investment, and | :08:36. | :08:40. | |
the signing is important, but this is only the first step in what will | :08:41. | :08:45. | |
be a long process. The pact will require use of tough negotiations | :08:46. | :08:48. | |
before it becomes a reality on the ground. They do so much. -- thank | :08:49. | :08:56. | |
you so much. It is not quite over yet, but we will keep you | :08:57. | :09:01. | |
up-to-date. If you were watching the show yesterday. Tom Stevenson from | :09:02. | :09:08. | |
Fidelity said where the oil price goes, the market goes, and that is | :09:09. | :09:14. | |
very true. Shares in Tokyo were hit hard. We had earnings from Toshiba, | :09:15. | :09:20. | |
they were disappointing. Sharp, disappointing. Elsewhere, though, | :09:21. | :09:29. | |
gains across the board, as the cost of oil goes up, and that is the case | :09:30. | :09:34. | |
in Europe, as well. Credits Wiese shares are being hammered today. -- | :09:35. | :09:44. | |
credit Suisse. Shell's shares are down, despite the report they | :09:45. | :09:51. | |
released. We can now go to New York. Some major media companies are | :09:52. | :09:56. | |
reporting this Thursday, News Corporation will turn in its | :09:57. | :10:00. | |
second-quarter results, the owner of the Wall Street Journal has reported | :10:01. | :10:04. | |
three quarters of revenue decline, print sales are partly to blame, and | :10:05. | :10:08. | |
investors want details on how the Rupert Murdoch controlled company is | :10:09. | :10:14. | |
planning to deal with these challenges, and the New York Times | :10:15. | :10:18. | |
is likely to face similar pressures when they release their | :10:19. | :10:22. | |
fourth-quarter results. Another tech company is turning in its | :10:23. | :10:26. | |
fourth-quarter results, this is linked in, the operator of the | :10:27. | :10:30. | |
world's biggest professional networking website. How much revenue | :10:31. | :10:35. | |
has it made from ads and paid membership? And an oil company | :10:36. | :10:40. | |
Conoco Phillips is expected to report a loss. It should not come as | :10:41. | :10:47. | |
too much of a surprise following results from other oil companies. | :10:48. | :10:55. | |
Bronwyn Curtis, Chair of the Society of Business Economists. | :10:56. | :10:58. | |
We can talk about oil once again. We can see a correlation with the | :10:59. | :11:06. | |
equity markets. It is about confidence and optimism. It is. Very | :11:07. | :11:11. | |
interesting, what happened overnight. We have the number of | :11:12. | :11:19. | |
non-manufacturing index in the US yesterday and it was not very good, | :11:20. | :11:23. | |
so the dollar fell and the oil price goes up, then the dollar goes up, | :11:24. | :11:30. | |
the equity markets about and then we have a good day. It shows you how | :11:31. | :11:35. | |
sensitive the markets are two quite small changes. This volatility will | :11:36. | :11:42. | |
go on. All eyes on Mark Carney in the UK, the quarterly inflation | :11:43. | :11:47. | |
report coming out, and decision on interest rates, quite interesting | :11:48. | :11:52. | |
how people are looking to central banks for help, but not so much in | :11:53. | :11:59. | |
the UK as Europe or the US or Japan. They have not got much ammunition | :12:00. | :12:02. | |
left compared to what we had in 2008. We had quantitative easing and | :12:03. | :12:07. | |
putting money in, but the economy has now recovered. The stock market | :12:08. | :12:12. | |
is quite mature, and so is the global recovery. Today I think, from | :12:13. | :12:17. | |
the Bank of England we will have downward revision to growth, | :12:18. | :12:21. | |
inflation, and in wages, and that means that rate hikes will be pushed | :12:22. | :12:30. | |
way into the future, or at least people will expect that, and I think | :12:31. | :12:32. | |
the economy is starting to slow down. Although there was a chance to | :12:33. | :12:38. | |
hike rates year ago, the year before that, when consumer spending was | :12:39. | :12:43. | |
strong, now it looks very difficult, especially with the international | :12:44. | :12:47. | |
situation. Muddy Waters in which to make an interest rate rise. For now, | :12:48. | :12:49. | |
thanks for joining us. Still to come - | :12:50. | :12:52. | |
the future on four wheels. As the global car industry faces | :12:53. | :12:54. | |
unprecendented change - we'll chat to the head | :12:55. | :13:00. | |
of Ford Europe. You're with Business | :13:01. | :13:03. | |
Live from BBC News. The Bank of England will issue | :13:04. | :13:09. | |
its latest quarterly It's also expected to leave interest | :13:10. | :13:12. | |
rates on hold at their record low. But just a matter of weeks ago, | :13:13. | :13:17. | |
Governor Mark Carney was preparing us all for higher borrowing costs, | :13:18. | :13:20. | |
and a first rate rise Dominic Rossi is Chief Investment | :13:21. | :13:23. | |
Officer of Fidelity, one of the world's | :13:24. | :13:29. | |
biggest fund managers. He says it's not just the Bank | :13:30. | :13:31. | |
of England that has failed in its communication, | :13:32. | :13:34. | |
but all the major central banks. Part of that criticism is about the | :13:35. | :13:46. | |
whole case for forward guidance and another part of the criticism is the | :13:47. | :13:51. | |
fact that the Bank of England's inflation forecast has been poor, | :13:52. | :13:57. | |
and the guidance towards interest rates has been too aggressive at | :13:58. | :14:02. | |
times, but the essence of communication, they have | :14:03. | :14:09. | |
consistently understated the disinflationary forces in the world | :14:10. | :14:16. | |
economy, and if you look at the ECB, the Bank of England, the Chinese and | :14:17. | :14:25. | |
the Federal market, they have all consistently, over the inflation | :14:26. | :14:28. | |
forecast, and subsequently they have been too aggressive in their | :14:29. | :14:32. | |
communication strategy about future interest rate hikes. They are | :14:33. | :14:36. | |
constantly rowing back. Talking about the frustration that | :14:37. | :14:45. | |
many have with this so-called forward guidance which is the new | :14:46. | :14:52. | |
thing. That central banks in the US and the UK are very much into this. | :14:53. | :14:56. | |
The two and is, it is designed to give everyone an indication of what | :14:57. | :15:07. | |
the tank is going to do next -- the two are designed. I remember when | :15:08. | :15:12. | |
Mark Carney first got the job in the UK, he said when unemployment is at | :15:13. | :15:12. | |
7%, that is when rates will go up, but he had to change that, as | :15:13. | :15:22. | |
well. The goalposts keep on moving. You can keep an eye on everything on | :15:23. | :15:26. | |
the business pages on the website. the business pages on the website. | :15:27. | :15:32. | |
We are looking ahead to the quarterly inflation report, we will | :15:33. | :15:37. | |
have plenty of coverage on that on BBC News. | :15:38. | :15:43. | |
The oil giant Shell has reported a sharp fall in annual profits. | :15:44. | :15:48. | |
It made nearly $2 billion, compared with almost | :15:49. | :15:50. | |
The latest big firm to suffer that fall in the price of oil. But its | :15:51. | :16:06. | |
deal with British Gas and still on track so we keep an eye on that in a | :16:07. | :16:14. | |
new era of low oil prices. Shot I start? You start! | :16:15. | :16:16. | |
Now, the woes of the global car industry have been well documented. | :16:17. | :16:19. | |
It's only thanks to heavy layoffs, closures and bailouts that | :16:20. | :16:21. | |
many of the world's big car makers survived the downturn. | :16:22. | :16:23. | |
But on the whole, they've come out the other side much stronger. | :16:24. | :16:26. | |
Ford's operation in Europe returned to profit for the first time in four | :16:27. | :16:29. | |
The firm closed a number of plants, which helped propel it to a profit | :16:30. | :16:34. | |
of $259 million in Europe, compared to a loss of nearly | :16:35. | :16:36. | |
And the European market is important. | :16:37. | :16:42. | |
But whilst lucrative, it's only expected to | :16:43. | :16:46. | |
To stay profitable, the company plans to cut costs by $200 million | :16:47. | :16:57. | |
a year in Europe over the next few years. | :16:58. | :16:59. | |
It will do that by voluntary layoffs and improving efficiency. | :17:00. | :17:02. | |
But what about the rapidly growing market for hybrid vehicles? | :17:03. | :17:05. | |
In 2014, Ford had only 12% of the market share in the US, | :17:06. | :17:08. | |
compared to nearly 56% for all the Toyota models. | :17:09. | :17:13. | |
And then there are the unexpected competitors, the likes of Apple | :17:14. | :17:16. | |
and Google, that are actively developing driverless | :17:17. | :17:19. | |
James Farley Jr is President for Europe, the Middle East | :17:20. | :17:32. | |
Good morning. First, how did you get involved in this industry? A crazy | :17:33. | :17:48. | |
industry, it is fair to say. Ops and styles, lay-offs, closures, all | :17:49. | :17:50. | |
sorts of trouble is the industry has faced. Did you see that coming in | :17:51. | :17:56. | |
this job? Not really, it was a mature industry. Like many of my | :17:57. | :18:01. | |
colleagues, we love cars. I always have done and it is still in magical | :18:02. | :18:08. | |
industry. Moving people from point a to point B, giving them personal | :18:09. | :18:11. | |
transport, now it means something different with software and | :18:12. | :18:18. | |
autonomous driving. New technology. So this is a whole new reality, but | :18:19. | :18:22. | |
so exciting. I understand you were working for Toyota and Bill Ford | :18:23. | :18:30. | |
phone due at a critical time for Ford to say, please join us. As a | :18:31. | :18:37. | |
leader at Toyota in the US, we loved our life in Santa Monica and we | :18:38. | :18:42. | |
decided to join Ford. My grandfather started their in 1911, a chance to | :18:43. | :18:50. | |
join this iconic company in a time of need. And six months later, | :18:51. | :18:56. | |
everything changed! After the car industry changed. We pulled | :18:57. | :19:01. | |
ourselves up at Ford and we did not need any help from the government. | :19:02. | :19:07. | |
We have been repairing our own business, Europe is very much like | :19:08. | :19:12. | |
that. We need to keep our costs in line, to be that thriving business | :19:13. | :19:17. | |
even in bad times. A lot of topical things I would love your take on, | :19:18. | :19:24. | |
not least that trade deal, five years in the making and not a done | :19:25. | :19:29. | |
deal. What would it mean? Ford is a free trader and it is a big deal to | :19:30. | :19:33. | |
have access to markets all around the world. The biggest concern is to | :19:34. | :19:39. | |
make sure the currency environment is fair for everyone. This is a | :19:40. | :19:44. | |
great development. Let's talk about Europe. We have mentioned in the | :19:45. | :19:48. | |
introduction Europe is going to have another very tough year. You | :19:49. | :19:52. | |
announced yesterday cutbacks and restructuring in Europe. What is | :19:53. | :19:58. | |
your plan for making the most of what little growth there is? First, | :19:59. | :20:03. | |
we have a very important operation. We sell 1.5 million vehicles and we | :20:04. | :20:08. | |
have manufacturing facilities across Europe including in the UK. The | :20:09. | :20:12. | |
operation is very important and we have a lot of lives at stake as well | :20:13. | :20:17. | |
for employees. We have seen modest growth in Europe but we are really | :20:18. | :20:23. | |
well positioned. We have made increases two years in a row, the | :20:24. | :20:26. | |
cost structure is competitive, we see the automotive industry | :20:27. | :20:31. | |
recovering nicely in Europe and we are committing to making more money | :20:32. | :20:36. | |
this year than last year. On that issue of Europe, it is interesting | :20:37. | :20:41. | |
when it comes to the debate about the UK's continued membership of the | :20:42. | :20:45. | |
European Union. What would it mean for you as a company whether the UK | :20:46. | :20:51. | |
remained in left the European Union? We have been on record many times | :20:52. | :20:54. | |
because of the importance of the EU as an open market, we have 14,000 | :20:55. | :21:02. | |
employees in the UK, we build nearly 2 million engines, we have 3,000 | :21:03. | :21:05. | |
engineers working on global engineering here in Europe, the UK | :21:06. | :21:11. | |
is the second-largest engineering centre for the -- for the automotive | :21:12. | :21:17. | |
industry. And having that free available in the UK and Europe is | :21:18. | :21:25. | |
critical. We export 85% engines, most of them, to Europe. Any | :21:26. | :21:29. | |
interruption and uncertainty would be a risk for employees. If we talk | :21:30. | :21:34. | |
about the future and driverless cars and that kind of thing, many argue | :21:35. | :21:42. | |
you at Ford are in first gear and your competitor is in fifth. We | :21:43. | :21:47. | |
announced a $5 billion investment in electrification which will be key | :21:48. | :21:52. | |
for compliance and that the new reality of an autonomous car and | :21:53. | :21:59. | |
software. We have experiments, some in London, running our own driver | :22:00. | :22:05. | |
mobility service. It is really interesting learning. We will invest | :22:06. | :22:11. | |
happily in smart mobility. We think there are three areas in Europe | :22:12. | :22:16. | |
difference to North America. Difficult to get the balance right, | :22:17. | :22:20. | |
investing in that while laying people off in Europe. Absolutely, | :22:21. | :22:23. | |
but it is critical because our industry is in the forefront of | :22:24. | :22:28. | |
another disruption. And we absolutely welcome the opportunity | :22:29. | :22:34. | |
for new competitors and for transport is a paid service. We | :22:35. | :22:39. | |
absolutely see that as a growth opportunity for our company. Ford | :22:40. | :22:46. | |
founded the company based on mobility and that idea is different | :22:47. | :22:51. | |
in the next 100 years. And Ford wants to be part of that. And | :22:52. | :22:55. | |
talking of technology, a word on the industry that has been damaged by | :22:56. | :23:03. | |
the reputation of VW when it comes to cheat devices, what is your | :23:04. | :23:07. | |
position? We were very clear up we do not have any devices on our | :23:08. | :23:13. | |
vehicles and we support for the real world emissions driving standards | :23:14. | :23:16. | |
for our industry. Customers need to know how their vehicles will perform | :23:17. | :23:21. | |
in the real world. Our employees, especially in the UK, as the market | :23:22. | :23:25. | |
leader, we are thankful that we reassured them. Good to hear from | :23:26. | :23:29. | |
you. Thank you. Good to meet you. | :23:30. | :23:34. | |
Let's take a quick look at what's making the news | :23:35. | :23:37. | |
Reuters reports that The Trans Pacific Partnership, | :23:38. | :23:39. | |
one of the biggest multinational trade deals ever, has been signed | :23:40. | :23:45. | |
by ministers from its 12 member nations in New Zealand. | :23:46. | :23:48. | |
The New York Times has an interesting report on toxic debt, | :23:49. | :23:50. | |
with research on trillions of dollars of toxic loans | :23:51. | :23:52. | |
While the Washington Post has been looking into coffee pods. | :23:53. | :23:59. | |
Namely, that sales of them are starting to fall in the US. | :24:00. | :24:11. | |
Of the booming for so many years, those machines. | :24:12. | :24:14. | |
And finally, The Telegraph says that Luxembourg has announced ambitious | :24:15. | :24:19. | |
plans to become a hub for asteroid mining. | :24:20. | :24:21. | |
Bronwyn is back to look at the papers. | :24:22. | :24:26. | |
Nice to see you. First of all, toxic doubt, we thought a lot of this had | :24:27. | :24:34. | |
gone away in the sub-prime era but it is back. It never really went | :24:35. | :24:41. | |
away! -- toxic debt. Just clever marketing! That is not true, in the | :24:42. | :24:48. | |
US, we did see them letting banks go bust, other financial institutions, | :24:49. | :24:51. | |
and writing off that debt. In Europe, they fudged it and we saw | :24:52. | :24:58. | |
recently that the Italian banks are in trouble and may need bailing out | :24:59. | :25:02. | |
and there is 1 trillion in debt in Europe alone. It is the China | :25:03. | :25:11. | |
concern and the unknown. It is absolutely the China concern. These | :25:12. | :25:14. | |
estimates, we do not really know. They say in loans and financial | :25:15. | :25:18. | |
assets, it has gone up from seven years ago, nine Chilean has gone. | :25:19. | :25:27. | |
That is staggering. -- nine Chilean. Up to 30 trillion. That is a huge | :25:28. | :25:31. | |
number. And it is half the amount of output in a year. If these numbers | :25:32. | :25:37. | |
are to commit this is very worrying. Time is against us but quick way, | :25:38. | :25:43. | |
that story, Luxembourg mining asteroids, they say it is the way to | :25:44. | :25:48. | |
do it because it has all sorts of natural resources we have run out on | :25:49. | :25:52. | |
Earth including things going in the mobile phones of all things. | :25:53. | :25:56. | |
You heard it here first! We have to go, nice to see you. | :25:57. | :26:08. | |
Good morning. The weather today looks very different from yesterday. | :26:09. | :26:14. | |
Instead of the sunshine and showers, today is milder, accompanied by a | :26:15. | :26:18. | |
lot of | :26:19. | :26:20. |