Browse content similar to 13/12/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Jamie Robertson | :00:00. | :00:07. | |
All eyes on Italy's beleaguered banking sector. | :00:08. | :00:10. | |
The country's biggest lender slashes jobs and sets | :00:11. | :00:13. | |
Live from London, that's our top story on Tuesday 13th December. | :00:14. | :00:34. | |
Unicredit is just one of Italy's banks struggling with bad debt, | :00:35. | :00:38. | |
and some fear the sector could be a problem for the entire eurozone. | :00:39. | :00:43. | |
The world's most-powerful central bank meets to | :00:44. | :00:47. | |
Will the US Federal Reserve increase the cost of borrowing? | :00:48. | :00:56. | |
All of the markets ended up yesterday. | :00:57. | :01:18. | |
Millions of people will take to the air this festive season, | :01:19. | :01:20. | |
We'll meet the woman whose company provides a chaperone | :01:21. | :01:24. | |
Christmas is coming and some people are calling for us | :01:25. | :01:27. | |
to stop the spending and do more down-to-earth celebrating. | :01:28. | :01:29. | |
Today we want to know, is it possible to enjoy the festive | :01:30. | :01:34. | |
season without spending a lot of money, or is it the perfect | :01:35. | :01:37. | |
Italy's biggest bank Unicredit has announced plans to slash 14,000 jobs | :01:38. | :01:52. | |
and raise $13.8 billion in extra capital. | :01:53. | :01:56. | |
The company has lost half its value this year and is pinning its hopes | :01:57. | :01:59. | |
on a bold rescue plan to turn its fortunes around. | :02:00. | :02:02. | |
Italy's banking sector is giving a lot of cause for concern. | :02:03. | :02:06. | |
Top of the list is the world's oldest bank and Italy's third | :02:07. | :02:09. | |
biggest, Banca Monte dei Paschi di Siena. | :02:10. | :02:12. | |
The European Central Bank believes it is the most vulnerable. | :02:13. | :02:16. | |
This is mainly because it is burdened with toxic debt, | :02:17. | :02:19. | |
in other words loans that are unlikely to ever | :02:20. | :02:21. | |
That's a problem that extends to the Italian | :02:22. | :02:24. | |
So these lenders are trying to get rid of those loans by selling them | :02:25. | :02:30. | |
to investors who specialise in toxic debt. | :02:31. | :02:34. | |
As we've seen with Unicredit, some are also trying | :02:35. | :02:36. | |
to raise new capital to strengthen their books | :02:37. | :02:39. | |
so that they can better cope with future losses on problem loans. | :02:40. | :02:47. | |
With me is Dr Paola Subacchi, director of the International | :02:48. | :02:51. | |
Economics Department at Chatham House. | :02:52. | :02:58. | |
Jamie talking about their new strategy, its plan, thousands of | :02:59. | :03:07. | |
jobs going and more capital investment, is that enough? | :03:08. | :03:11. | |
Probably. Unicredit has a problem with its business model, as opposed | :03:12. | :03:19. | |
to the river bank, which has problems in terms of solvency and | :03:20. | :03:24. | |
liquidity. In terms of Unicredit, if it were to be in trouble in a | :03:25. | :03:30. | |
similar way to the other bank, we would be concerned, because of its | :03:31. | :03:33. | |
size, and concern about contagion elsewhere in Europe? With Monte dei | :03:34. | :03:48. | |
Paschi, we are wondering what to do, it failed yet ago, it has been | :03:49. | :03:54. | |
recapitalised twice, it has gone through several business plans, and | :03:55. | :03:59. | |
it is still stuck. It is a can that has been kicked down the road for | :04:00. | :04:03. | |
too long. If it is continuously kicked and not sorted out, | :04:04. | :04:08. | |
politically it is a big bubble in Italy, but it is not such a big | :04:09. | :04:12. | |
copper in terms of exposure to other banks in Europe? Unicredit is the | :04:13. | :04:19. | |
largest bank in Italy, Monte dei Paschi is the third largest, so they | :04:20. | :04:22. | |
are both important. It is difficult to draw a line, whether one risk is | :04:23. | :04:28. | |
more dangerous than the other. The situation is very difficult. They | :04:29. | :04:34. | |
need to sort out Monte dei Paschi. Monte dei Paschi is a problem for | :04:35. | :04:40. | |
the Government. Unicredit is a problem for their board and their | :04:41. | :04:46. | |
management. Should they not just be bought by the country? In principle, | :04:47. | :04:52. | |
but in practice it is difficult, we have new banking regulations, so | :04:53. | :05:00. | |
technically Monte dei Paschi should be bailed in, so the burden is on | :05:01. | :05:05. | |
shareholders and bondholders. It is difficult. A lot of bad products | :05:06. | :05:13. | |
were sold to the wrong people. A lot of savers, retail savers, got shares | :05:14. | :05:20. | |
and bonds in their hands, so it becomes difficult to say, we will do | :05:21. | :05:28. | |
a bail in, and you take the cost of it. What will happen? With Monte dei | :05:29. | :05:36. | |
Paschi they will explore a market solution, and there will be a | :05:37. | :05:39. | |
partial market solution, and then the Government will step in with a | :05:40. | :05:41. | |
bailout. We will watch this space. China is launching a complaint | :05:42. | :05:44. | |
at the World Trade Organization The complaint says that | :05:45. | :05:47. | |
Washington and Brussels It says they do not accurately | :05:48. | :05:50. | |
calculate whether Chinese goods Countries do this to work out how | :05:51. | :05:54. | |
much to charge in duties to protect their own industries | :05:55. | :05:59. | |
from cheap imports. Donald Trump has delayed | :06:00. | :06:03. | |
an announcement on how he plans to separate his business-empire | :06:04. | :06:06. | |
interests from his The US President-elect had been due | :06:07. | :06:07. | |
to hold a rare press conference on Thursday to discuss how | :06:08. | :06:14. | |
he would deal with perceived Mr Trump's spokesperson | :06:15. | :06:17. | |
said the announcement Japanese brewer Asahi has agreed | :06:18. | :06:20. | |
to buy five Eastern European brands from Anheuser-Busch InBev in a bid | :06:21. | :06:33. | |
to appease competition regulators. Tell us more. Those five Eastern | :06:34. | :06:55. | |
European brands belong to the SAB Miller, which InBev agreed to buy | :06:56. | :07:03. | |
earlier this year. But because we are combining the two biggest | :07:04. | :07:06. | |
brewers, they need to sell off some of their assets to get clearance | :07:07. | :07:10. | |
from competition regulators, and that is where Asahi came in, | :07:11. | :07:14. | |
purchasing five Eastern European brands for $8 billion, it would be | :07:15. | :07:20. | |
their biggest ever takeover deal. It has also announced it will buy a few | :07:21. | :07:29. | |
brands from SAB Miller. Shares in Asahi when the deal was first | :07:30. | :07:37. | |
reported fell by 6%, ending the day 4.5% lower, investors seem to have | :07:38. | :07:39. | |
thought the price tag was too high, with analysts think it is a good | :07:40. | :07:44. | |
deal for the longer term, because Asahi wants to strengthen its | :07:45. | :07:45. | |
presence overseas. All of the market up, but a bit of | :07:46. | :08:02. | |
nervousness, wondering what will happen with the meeting of the | :08:03. | :08:06. | |
Federal reserve about whether interest rates will go up, and what | :08:07. | :08:09. | |
the Federal Reserve says about the the Federal Reserve says about the | :08:10. | :08:16. | |
state of the economy. The FTSE 100 bobbling around. Nervous about what | :08:17. | :08:23. | |
is happening in the knighted States. The European markets hardly moved. | :08:24. | :08:25. | |
And Samira Hussain has the details about what's ahead | :08:26. | :08:27. | |
The Federal Reserve will begin its meeting today, it is almost a | :08:28. | :08:36. | |
certainty that they will vote to raise interest rates. Their economic | :08:37. | :08:41. | |
forecast will be interesting, it will give us a glimpse into whether | :08:42. | :08:46. | |
the American election has reshaped their growth and inflation outlook. | :08:47. | :08:52. | |
Jet blue Airways is holding an investor day, they will talk about | :08:53. | :08:57. | |
in -- expectations for the manned, bookings and trends for 2017. With | :08:58. | :09:03. | |
the holiday season here, it is important to talk about one company | :09:04. | :09:06. | |
that will be speaking to investors, the makers of Scotch tape, the kind | :09:07. | :09:11. | |
you wrap presents with, and the maker of posted pads. They will be | :09:12. | :09:18. | |
hosting a conference call to talk about their financial outlook for | :09:19. | :09:20. | |
2017. Joining us is Jessica Ground, | :09:21. | :09:26. | |
UK equities fund manager, Schroders. There is a lot going on, but the big | :09:27. | :09:38. | |
focus is the Federal Reserve. We think we know what they would say. | :09:39. | :09:44. | |
The initial rate rise is expected, more .25%. But now people are | :09:45. | :09:51. | |
wondering, how much longer does the tightening go on for, especially | :09:52. | :09:55. | |
against the backdrop of more inflation, enter structure spending | :09:56. | :09:59. | |
and higher oil prices. I have read criticism about a Donald Trump room, | :10:00. | :10:05. | |
the idea that the markets are on the up, inflation is on the up, people | :10:06. | :10:10. | |
are getting cynical about that. It is important to think about where we | :10:11. | :10:15. | |
have come from. Bonds and Bond like assets had a fantastic rally for a | :10:16. | :10:20. | |
long time, but we have seen a strong performance since mid-2015. A lot of | :10:21. | :10:26. | |
what we are seeing is not so much a boom, it is an unwinding of people | :10:27. | :10:33. | |
focusing on the safe assets. We have the Federal Reserve, but we have UK | :10:34. | :10:36. | |
information coming out today as well. It will be so interesting. We | :10:37. | :10:43. | |
will start to the impact weaker sterling, starting to nudge a bit | :10:44. | :10:52. | |
higher. We are seeing both input, producers and consumers having | :10:53. | :10:57. | |
pressure. When we get the UK information data, we will update | :10:58. | :10:58. | |
you. We'll meet the woman | :10:59. | :10:59. | |
starting a chaperone service for unaccompanied children taking | :11:00. | :11:06. | |
to the air. I don't think she would take mine, | :11:07. | :11:20. | |
three little boys! I can't pay her enough! | :11:21. | :11:21. | |
You're with Business Live from BBC News. | :11:22. | :11:23. | |
Employers are the most optimistic they've been for two years, | :11:24. | :11:25. | |
according to the latest confidence data from recruitment firm Manpower. | :11:26. | :11:29. | |
It says that more companies are expected to grow their staff | :11:30. | :11:32. | |
in the next year than reduce it, but that the growth is coming | :11:33. | :11:35. | |
from the private sector, with the public sector continuing | :11:36. | :11:38. | |
Marc Cahil is the managing director of Manpower, | :11:39. | :11:42. | |
White? We thought there would be a slowdown in recruitment. People were | :11:43. | :11:55. | |
thinking about how uncertain the times were, around the Brexit vote, | :11:56. | :12:03. | |
but the uncertainty is continuing, so companies are shrugging off the | :12:04. | :12:07. | |
problem. They say, we just have to move forward. As we have mentioned, | :12:08. | :12:13. | |
the public sector seen cutbacks, which we can continue, because of | :12:14. | :12:22. | |
the -- we can understand, because of the Government cutbacks, so where is | :12:23. | :12:24. | |
the growth? Utility and construction. In utility, we need | :12:25. | :12:33. | |
smart meters in all homes by 2018, I believe, which create something like | :12:34. | :12:37. | |
20,000 roles, and a lot of customer service roles. In construction, we | :12:38. | :12:44. | |
heard investment from the Chancellor in the Autumn Statement, so that | :12:45. | :12:48. | |
will be a good, positive one for us. We have heard some dire stories from | :12:49. | :12:53. | |
recruitment agencies in financial services, do you have anything on | :12:54. | :12:59. | |
that? We split it into two, we believe the banking sector is | :13:00. | :13:02. | |
showing negativity, not quite so optimistic for Q1 next year, but | :13:03. | :13:08. | |
financial services are looking OK, especially in the London area. | :13:09. | :13:17. | |
And not on our page today about Southern Rail, a 48 hour strike | :13:18. | :13:27. | |
started at midnight last night, the Aslef union striking, it is a | :13:28. | :13:34. | |
nightmare. There is a Southern Rail strike life page with updates, there | :13:35. | :13:40. | |
was an update one minute ago, providing as much information as | :13:41. | :13:42. | |
possible. In many ways this is the big | :13:43. | :13:47. | |
business story for people who live in that area. When you bear in mind | :13:48. | :13:50. | |
how many people... 300,000 passengers usually use this | :13:51. | :13:53. | |
service. It is all on the website. Our top story, Italy's biggest | :13:54. | :13:57. | |
lender is slashing 14,000 jobs and raising almost $14 billion | :13:58. | :14:02. | |
in new capital. Unicredit has lost half | :14:03. | :14:06. | |
its value this year. The country's banking sector | :14:07. | :14:08. | |
is giving cause for concern as it struggles with huge amounts | :14:09. | :14:11. | |
of bad debt. A quick look at how | :14:12. | :14:15. | |
markets are faring. The markets in Italy are moving all | :14:16. | :14:27. | |
the time, yo-yoing depending on the speculation about the rescue of the | :14:28. | :14:33. | |
banks. In Europe it is mixed. The market is treading water globally | :14:34. | :14:36. | |
until we get the news from the Federal Reserve tomorrow in terms of | :14:37. | :14:38. | |
the cost of borrowing. It's never easy putting your child | :14:39. | :14:42. | |
on a plane but it could be made easier if only you could | :14:43. | :14:45. | |
have a nanny on board. Well, here's Air Nanny | :14:46. | :14:47. | |
to the rescue. It's a professional chaperone | :14:48. | :14:49. | |
service, was launched last month. How much demand could there | :14:50. | :14:54. | |
be for this service? Well, more and more children | :14:55. | :14:58. | |
are travelling long-haul, with over half of children doing | :14:59. | :15:00. | |
so before the age of four. According to figures released | :15:01. | :15:03. | |
by London's Heathrow Airport, one in ten children will do so, | :15:04. | :15:07. | |
before their first birthday. Yet, companies like British Airways, | :15:08. | :15:10. | |
are scrapping their popular The Air Nanny believes | :15:11. | :15:12. | |
its professional chaperone It provides tailor-made packages | :15:13. | :15:19. | |
starting from ?1,000, This is all the brainchild | :15:20. | :15:25. | |
of Angela Enel who is the founder of The Air Nanny and Angela | :15:26. | :15:30. | |
joins me now. It h morphed from the hotel nanny. | :15:31. | :15:44. | |
I'm thinking who on earth would want to take my three boys on the plane? | :15:45. | :15:49. | |
Would it ?1,000 per boy? Goodness, no. That's better! That already | :15:50. | :15:56. | |
sounds better! Goodness me, that would be | :15:57. | :16:02. | |
expensive. No, it is one private nanny per family so regardless of | :16:03. | :16:05. | |
the amount of children. What made you launch this? Was it something | :16:06. | :16:11. | |
you saw a demand for because of course Hotel Nanny has been going | :16:12. | :16:14. | |
for sometime? Yes, with the luxury hotel industry. With the Air Nanny | :16:15. | :16:19. | |
it came from an experience with a friend of mine who was newly | :16:20. | :16:25. | |
divorced and who was having problems getting her children over to New | :16:26. | :16:28. | |
York where her ex-husband was living and finding a sustainable and viable | :16:29. | :16:33. | |
service that could do that trip with her child, two, three, four, five | :16:34. | :16:38. | |
times a year. At the top end of the market which is the end you're | :16:39. | :16:42. | |
looking for, one of your prime markets is the Gulf and some | :16:43. | :16:47. | |
airlines provide their own service. Isn't that a problem? No, not | :16:48. | :16:56. | |
specifically. Some car injuries the flying nanny. That's the | :16:57. | :17:00. | |
stewardesses on board and they are there to look after the families, | :17:01. | :17:04. | |
heating the milk and when those jobs are done they go back to their air | :17:05. | :17:08. | |
stewarding. So it is a different service? It is a different service. | :17:09. | :17:13. | |
Ours is a private nanny service to fly with the children, from their | :17:14. | :17:17. | |
home if they need it or from the airport to the home of the father or | :17:18. | :17:23. | |
the mother on the other side. The nannies, they're employees of yours, | :17:24. | :17:28. | |
aren't they? Yes. They are not on a freelance basis? No. Isn't that high | :17:29. | :17:34. | |
cost? They are zero-hours contract, aren't they? Yes, at the moment, but | :17:35. | :17:39. | |
we are looking to extend that. We will be extending to part-time and | :17:40. | :17:43. | |
full-time nanny pogsz, but they are zero-hours at the moment, but that's | :17:44. | :17:47. | |
how we can retain and really keep key nannies and really the high | :17:48. | :17:51. | |
calibre that we are very well known for. We know Mary Poppins of course | :17:52. | :17:58. | |
which is the best nanny out there. I know she is a fictional character... | :17:59. | :18:07. | |
We have lots of them. No mannies on your website? That's a good point. | :18:08. | :18:13. | |
We did have some mannies on our team, but there really wasn't a lot | :18:14. | :18:18. | |
of demand for them I have to say. Really purely because our customer | :18:19. | :18:26. | |
base is specifically 80% of our customers have toddlers or newborns | :18:27. | :18:30. | |
and I found the mannies were very much in their space with the older | :18:31. | :18:36. | |
children and that's where they really came into their own, but for | :18:37. | :18:41. | |
us specifically, it didn't work as well. Tell me about who you're | :18:42. | :18:46. | |
marketing this to and how you market it? Do you use social media? Yes, of | :18:47. | :18:51. | |
course. That really has to be the case. As well as going directly to | :18:52. | :18:57. | |
the key markets that we opened this service for, obviously I've | :18:58. | :19:01. | |
mentioned that the Air Nanny was established very much from having | :19:02. | :19:08. | |
that experience with a friend, newly divorced, so divorce lawyers for | :19:09. | :19:11. | |
example are a target for us that we're speaking and opening up | :19:12. | :19:15. | |
conversations with that as offering that intermediary service. It is the | :19:16. | :19:19. | |
one consistent time that parents find it very difficult to make that | :19:20. | :19:23. | |
trip especially if they're executives and have demanding roles | :19:24. | :19:27. | |
to take time out to travel to and from. Something you're looking into | :19:28. | :19:34. | |
in the future is corporate? It is a very big space and exciting space. | :19:35. | :19:38. | |
How will it work? This is where we are speaking and we have already | :19:39. | :19:41. | |
opened up discussions with some of the Big Four. So this is a very... | :19:42. | :19:45. | |
Big Four what? The financial services. I thought you meant the | :19:46. | :19:51. | |
Big Four families! The Big Four dynasties and the grand | :19:52. | :19:56. | |
charn? Well that, too! Something that's very dear to my hear as well | :19:57. | :20:02. | |
obviously is to keep female executives in the boardroom and to | :20:03. | :20:06. | |
nurture that space for females keeping. The nanny will be in the | :20:07. | :20:11. | |
workplace? The nanny will be offering the support service for | :20:12. | :20:20. | |
when female executives... It is the kind of thing the CEO of Yahoo would | :20:21. | :20:27. | |
have had. Yes, if somebody has two, three, four conferences a year it is | :20:28. | :20:31. | |
hard to go away abroad two or three day to say attend training events or | :20:32. | :20:39. | |
conferences. So our service and our offering with the Hotel Nanny and | :20:40. | :20:42. | |
the Air Nanny is bringing that corporate offering. Because it has | :20:43. | :20:48. | |
been spun off or extended out from the Hotel Nanny, it is almost all | :20:49. | :20:52. | |
profit. Every time you send somebody out, you're making a profit because | :20:53. | :20:55. | |
you don't have that capital cost at the beginning? Right. There has been | :20:56. | :21:00. | |
a fair amount at the beginning, of course. People, I mean, employing | :21:01. | :21:06. | |
people and behind the scenes that takes a lot of cost to make sure | :21:07. | :21:10. | |
that we are working a seamless operation and a very high-end | :21:11. | :21:17. | |
operation so really the concierge polish to what we give clients and | :21:18. | :21:23. | |
marketing. Any disasters? You marketing. Any disasters? You | :21:24. | :21:29. | |
haven't lost anyone? No. Goodness, no, we are filling that space | :21:30. | :21:34. | |
because there has been lost children in the space before. So we are | :21:35. | :21:39. | |
coming as a solution to be their holding the children's hands all the | :21:40. | :21:43. | |
way through. I know how hard that is. I have three and it is not easy | :21:44. | :21:47. | |
at all! Cuba's state-run telecommunications | :21:48. | :21:51. | |
company has signed an agreement with the internet provider, | :21:52. | :21:55. | |
Google, in Havana. Under the deal the company can | :21:56. | :21:57. | |
install servers in Cuba which should significantly improve connectivity | :21:58. | :22:00. | |
speeds to Google content. Cuba currently has some | :22:01. | :22:01. | |
of the lowest online The agreement reached | :22:02. | :22:03. | |
between the Cuban government and the internet giant should pave | :22:04. | :22:13. | |
the way towards something many Cubans have wanted for years - | :22:14. | :22:16. | |
faster Internet speeds. By allowing Google to install | :22:17. | :22:21. | |
servers on the Communist-run island, their key content, such as Gmail, | :22:22. | :22:23. | |
Google Drive and YouTube, should be much quicker for users | :22:24. | :22:26. | |
inside Cuba to access. The deal does not, however, | :22:27. | :22:31. | |
either expand Cuba's aged and obsolete internet infrastructure | :22:32. | :22:37. | |
nor improve the connectivity Most Cubans are still not permitted | :22:38. | :22:40. | |
to have the internet at home and instead must rely | :22:41. | :22:50. | |
on expensive public-access wi-fi As the deal has been | :22:51. | :22:52. | |
reached in the final weeks of the Obama Administration, | :22:53. | :23:03. | |
officials on both sides seem keen the cement their months | :23:04. | :23:05. | |
of negotiations into hard contracts As a candidate, Mr Trump | :23:06. | :23:07. | |
made arguments both for and against improved | :23:08. | :23:10. | |
ties with Cuba. And there is some uncertainty | :23:11. | :23:12. | |
on the island as to what his Donald Trump is everywhere. We can't | :23:13. | :23:35. | |
get away from it! This story in the New York Times looks at the fact | :23:36. | :23:40. | |
that the Secretary of State has been hand-picked? He has gone from a | :23:41. | :23:43. | |
businessman to be a Secretary of State. So America's main voice on | :23:44. | :23:47. | |
the world stage. Not any businessman? An oil man? He has been | :23:48. | :23:55. | |
chairman of ex--on for ten years and he made that company his own. He has | :23:56. | :23:58. | |
driven it out around the world and taken it around the Gulf and to | :23:59. | :24:04. | |
Russia. He did a big deal with the main commercial arm of the Kremlin | :24:05. | :24:09. | |
in 2011. He has known Putin for 20 years? He got an Order of Merit from | :24:10. | :24:15. | |
the Kremlin. Ironically, ex--on hasn't been able to take money out | :24:16. | :24:18. | |
of the deal because of US sanctions against Russia because of the | :24:19. | :24:22. | |
Ukraine. It is interesting that he's chairman and Chief Executive. This | :24:23. | :24:29. | |
is chrkistic of the Trump ethos? It is common to put the two together. | :24:30. | :24:33. | |
It was Chief Executive in 2006 I think it was he became both. This | :24:34. | :24:39. | |
man, he has written for the Guardian is dreaming of a frugile Christmas. | :24:40. | :24:44. | |
Meet the people who stopped shopping? It is an extension of the | :24:45. | :24:50. | |
idea of the moneyless consumer. So there are people out there who try | :24:51. | :24:57. | |
and spend as little as possible but they specialise at Christmas and not | :24:58. | :25:02. | |
spend any money at Christmas. Give people your time. What would happen | :25:03. | :25:06. | |
to the global economy if we didn't spend money at Christmas? All | :25:07. | :25:10. | |
retailers would be bust! The average retailer makes a third of their | :25:11. | :25:14. | |
profits every year from Christmas. Jeffrey is a dancer from Canada who | :25:15. | :25:20. | |
is in the middle of a buy nothing year apparently. Joe says, "I really | :25:21. | :25:30. | |
enjoying shopping. Maybe too much." Anna Liza says, "I'm broke." This | :25:31. | :25:38. | |
guy in the top says all he got from Christmas was gaffer tape and | :25:39. | :25:43. | |
tinfoil and he was happy with that! There is a reaction of over | :25:44. | :25:49. | |
commercialisation of Christmas. Whether you can spend no money at | :25:50. | :25:56. | |
all? This is surrounded by adverts for things! | :25:57. | :25:58. | |
Hello. Good morning. We've got quite mixed weather conditions today, but | :25:59. | :26:16. | |
for just about all of us, it is cloudy with hill fog patches and | :26:17. | :26:17. | |
we've got | :26:18. | :26:19. |