Browse content similar to 12/01/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from the BBC with Ben Thompson and Sally Bundock. | :00:00. | :00:13. | |
America exports gas for the first time, | :00:14. | :00:15. | |
but, as prices slump, is it really financially viable? | :00:16. | :00:18. | |
Live from London, that's our top story on Tuesday 12th January. | :00:19. | :00:37. | |
It is a landmark moment for America, but comes as oil prices | :00:38. | :00:40. | |
China makes a move on Hollywood - | :00:41. | :00:47. | |
China's richest man splashes $3.5 billion on a stake in the studio | :00:48. | :00:51. | |
Here's how Europe opened after Japan's Nikkei slips to lowest | :00:52. | :00:58. | |
close in nearly a year, as China's sell-off leaves it down | :00:59. | :01:02. | |
We'll get the Inside Track on a big name in the alternative car industry | :01:03. | :01:22. | |
- Tesla's Elon Musk tells the BBC all transport will eventually go | :01:23. | :01:24. | |
He will tell us who he feels most in terms of competition. | :01:25. | :01:30. | |
And we want to know what you think is the best technological invention | :01:31. | :01:33. | |
Let us know - just use the hashtag #BBCBizLive. | :01:34. | :01:43. | |
I hope you will say the best invention of the last 12 months is | :01:44. | :01:47. | |
this programme! Let us know! Today marks a significant day | :01:48. | :01:50. | |
for the world's energy markets. America has become a supplier, | :01:51. | :01:53. | |
rather than consumer, It's the first time ever | :01:54. | :01:55. | |
that it's exported gas. But the celebrations | :01:56. | :01:59. | |
could be short-lived. Like oil, the price of gas has | :02:00. | :02:02. | |
fallen sharply and is now worth only a third of what it was | :02:03. | :02:06. | |
just two years ago. So while the venture | :02:07. | :02:08. | |
is less financially viable than when it was originally | :02:09. | :02:11. | |
imagined in 2011, it is Many estimates put the US | :02:12. | :02:13. | |
as the third largest exporter in the world by the end | :02:14. | :02:19. | |
of the decade. And what we're talking | :02:20. | :02:24. | |
about is liquefied natural gas or LNG, and whilst it requires | :02:25. | :02:26. | |
costly tanks to transport, once converted back into natural | :02:27. | :02:28. | |
gas, it can be used for almost anything from cooking to heating | :02:29. | :02:32. | |
or powering a factory. Giles Farrer is the research | :02:33. | :02:39. | |
director for Global Gas and LNG How revolutionary is this? It is | :02:40. | :02:55. | |
kind of a big deal for the world gas market. The US, it is going to | :02:56. | :03:04. | |
change the way that LNG is sold traditionally. LNG is sold under | :03:05. | :03:09. | |
long-term contracts from one country to another on prices linked to oil. | :03:10. | :03:16. | |
The start of energy exports from the US can be sold flexibly, so anybody | :03:17. | :03:20. | |
can buy it, and it is going to break down the mechanism of linking Gaster | :03:21. | :03:27. | |
oil by introducing US gas prices to the world markets. What is being | :03:28. | :03:33. | |
introduced today and in the days ahead is a drop in the ocean in | :03:34. | :03:37. | |
terms of the world market, but many are saying in the future America | :03:38. | :03:40. | |
could be a big player. Your thoughts? Currently global | :03:41. | :03:47. | |
production is about 250 million tonnes a year, and over the next | :03:48. | :03:50. | |
five years new production from Australia and the US is going to add | :03:51. | :03:56. | |
about 50% to the world market. At the same time, what we are going to | :03:57. | :04:01. | |
see, what we are already seeing, is faltering demand growth in Asia and | :04:02. | :04:06. | |
a surplus of LNG supply in the market. Presumably that means gas | :04:07. | :04:11. | |
prices will come down even further? Does that mean good news for the | :04:12. | :04:15. | |
customer, those of us using gas all the time, seeking cheaper bills? | :04:16. | :04:22. | |
Yes, it should do. What we are expecting to see is a lot of this | :04:23. | :04:29. | |
excess LNG will end up in the European, north-west Europe and UK, | :04:30. | :04:32. | |
where there is an abundance of infrastructure already built, so it | :04:33. | :04:36. | |
will naturally go into this market. What that means is that you are | :04:37. | :04:40. | |
going to have new gas competing with existing suppliers into the European | :04:41. | :04:46. | |
market, so Norway and Russia. They are going to see competitive | :04:47. | :04:52. | |
pressure, and we expect that to drive gas prices down. From many | :04:53. | :04:56. | |
countries already under a lot of pressure, Australia is a big | :04:57. | :05:01. | |
exporter of gas, brusher reeling from low prices, Australia battling | :05:02. | :05:06. | |
with the Chinese economy slowing significantly and not consuming a | :05:07. | :05:09. | |
lot of its commodities. For some of these countries, this is not great | :05:10. | :05:14. | |
news at all, they are already facing quite difficult economic times? Our | :05:15. | :05:20. | |
view is that gas prices in Europe are going to be about one third | :05:21. | :05:23. | |
lower than they have been nevertheless to five years in the | :05:24. | :05:28. | |
next five years. Gas prices in Asia the stock market are expected to | :05:29. | :05:33. | |
come down significantly as well. We expect the revenues the big | :05:34. | :05:38. | |
producers to come down a lot. Should be tough times ahead. Thank you so | :05:39. | :05:42. | |
much for sharing your thoughts on that. | :05:43. | :05:44. | |
Oil prices have fallen below $31 a barrel to new 12-year lows. | :05:45. | :05:57. | |
Its fallen almost 20% since the beginning of the year. | :05:58. | :05:59. | |
A slowdown in China has added fears of slowing consumption | :06:00. | :06:01. | |
Irish drug-maker Shire has won its six-month battle to buy | :06:02. | :06:09. | |
The deal is worth $32 billion and will put Shire in a strong | :06:10. | :06:15. | |
position as it looks to develop vaccines for rare disease. | :06:16. | :06:19. | |
Baxalta specialises in unusual blood conditions, cancers | :06:20. | :06:21. | |
The world's biggest coffee chain, Starbucks, says it aims to open 500 | :06:22. | :06:30. | |
Starbucks aims to create 10,000 jobs in the country every year over | :06:31. | :06:34. | |
the next four years as it continues to expand. | :06:35. | :06:39. | |
The metals and mining firm Alcoa has announced a net loss of $500 million | :06:40. | :06:43. | |
for the final quarter after incurring heavy costs to close | :06:44. | :06:49. | |
The New York-based company has been cutting back on capacity as a result | :06:50. | :06:56. | |
I feel like we are always mentioning companies, countries or | :06:57. | :07:10. | |
organisations that are struggling with the price of commodities around | :07:11. | :07:13. | |
the world. It is interesting, the aluminium | :07:14. | :07:19. | |
producing subsidiary of Glencore filing for bankruptcy. All of this | :07:20. | :07:26. | |
part of the restructuring that Glencore is having to go through to | :07:27. | :07:29. | |
deal with that falling commodity price. That news just in, the | :07:30. | :07:35. | |
aluminium producing subsidiary filing for bankruptcy. | :07:36. | :07:44. | |
This story caught my eye, Murdoch to marry or, surely the most | :07:45. | :07:49. | |
interesting announcement from a businessman today! -- Murdoch to | :07:50. | :07:56. | |
married Jerry Hall. Rupert Murdoch, owner of News Corporation, has | :07:57. | :08:05. | |
married the model Jerry all, who has not been married before but had a | :08:06. | :08:08. | |
long relationship with Mick Jagger. Apparently they started courting in | :08:09. | :08:13. | |
the Rugby World Cup... They came out in public. | :08:14. | :08:18. | |
I love that they announced it in the Times. | :08:19. | :08:23. | |
This is not an April fool, by the way, and January the 12th! | :08:24. | :08:26. | |
Chances are you won't have heard of China's Dalian Wanda Group. | :08:27. | :08:29. | |
Today it's confirmed a $3.5 billion deal to buy a controlling stake | :08:30. | :08:33. | |
in Hollywood film studio Legendary Entertainment, | :08:34. | :08:37. | |
the makers of Jurassic World and the Batman film The Dark Knight. | :08:38. | :08:40. | |
Steve, why is this so significant? We have talked about many people not | :08:41. | :08:53. | |
knowing this company or indeed knowing China's richest man but it | :08:54. | :08:58. | |
is a significant stake? It is significant because it puts | :08:59. | :09:01. | |
China right at the heart of movie-making. What you have got is | :09:02. | :09:07. | |
big Chinese money buying a big Hollywood company, a maker of | :09:08. | :09:12. | |
movies. At the moment, China is poised to become the biggest movie | :09:13. | :09:16. | |
market in the world, a lot of people in Hollywood think that takings in | :09:17. | :09:23. | |
China next year will exceed those in America. If you can make Hollywood | :09:24. | :09:28. | |
films in a great big studio, perhaps the world biggest, being built in | :09:29. | :09:31. | |
eastern China, you will then tap into that big market. You then raise | :09:32. | :09:36. | |
the prospect of a global movie industry with films tailored for | :09:37. | :09:41. | |
China and Chinese censorship, and Hollywood and Europe. It changes the | :09:42. | :09:47. | |
way we think about movies. OK, good stuff, thanks very much. | :09:48. | :09:55. | |
Just to look at some of the numbers, falls in Shanghai fuelled by ongoing | :09:56. | :09:58. | |
worries over China's economy, taking its toll on the other main markets, | :09:59. | :10:09. | |
the nick a down 2.71%. Shanker's market down about 15% so far this | :10:10. | :10:12. | |
year, we're only halfway through the month and it has been a pretty | :10:13. | :10:15. | |
dreadful time. The impact on commodities is all too clear, Brent | :10:16. | :10:21. | |
Crude falling another 2.2% at $30 a barrel. In the UK, we will get an | :10:22. | :10:26. | |
update on all sorts of things, including the manufacturing sector, | :10:27. | :10:29. | |
expected to beat up about 0.1% after expected to beat up about 0.1% after | :10:30. | :10:32. | |
a fall of zero point 5% in October. But the focus here will likely be | :10:33. | :10:42. | |
on the retail sector with a string of updates on Christmas trading, | :10:43. | :10:45. | |
not least supermarket chain Morrisons managing to reverse | :10:46. | :10:47. | |
its downward spiral with a small rise in sales, and Debenhams doing | :10:48. | :10:51. | |
much better than expected. We will talk about that and other | :10:52. | :10:56. | |
more in a moment. What about Wall Street? | :10:57. | :10:56. | |
Neda is in New York with the details on the trading day ahead. | :10:57. | :11:00. | |
We get fourth-quarter earnings results for CSX, which has been hurt | :11:01. | :11:11. | |
by steep declines in call, so investors will be interested to see | :11:12. | :11:13. | |
their outlook on the mining industry. They will also be looking | :11:14. | :11:17. | |
out for news on whether a possible merger could be on the news with | :11:18. | :11:24. | |
Canadian Pacific after their bid to acquire CSX's closest competitor was | :11:25. | :11:29. | |
rejected. We will see how optimistic small businesses are feeling when | :11:30. | :11:32. | |
the confidence index for December is released. Marc fields will speak at | :11:33. | :11:39. | |
an auto industry confidence in the trade -- in Detroit where he will | :11:40. | :11:40. | |
give his projections for 2016. Joining us is Anne Richards, | :11:41. | :11:44. | |
chief investment officer Nice to see you. Behind us we have | :11:45. | :11:53. | |
got Germany and London but also the oil price, down another 2% today. | :11:54. | :11:59. | |
Will it go below $30 per barrel? We are watching its every move at the | :12:00. | :12:03. | |
moment. It feels like it will go lower from here, you have seen a | :12:04. | :12:08. | |
number of forecasters radically talking as low as $20 oil. There is | :12:09. | :12:13. | |
a lot going on behind the scenes. One of the things you can see in the | :12:14. | :12:16. | |
background is that quite a lot of the oil producing countries have | :12:17. | :12:20. | |
been in pegging themselves from the dollar, giving them a bit more | :12:21. | :12:26. | |
scope, bit more slack, in order to manage the balance between cost and | :12:27. | :12:31. | |
revenue. Costs are no longer dollar-denominated, which means they | :12:32. | :12:34. | |
can cope with the oil price longer. They need to do everything they can, | :12:35. | :12:39. | |
don't they? Countries like Nigeria, Angola, not the big players like | :12:40. | :12:43. | |
Saudi Arabia but the other Opec members that are struggling, | :12:44. | :12:47. | |
Venezuela? The smaller countries have, you mentioned Angola, that is | :12:48. | :12:52. | |
an example, have begun to give themselves the slack. As long as the | :12:53. | :12:57. | |
big producers like Saudi are pegged to the dollar they will feel the | :12:58. | :13:00. | |
pain from this. The demand side has not picked up enough to cope with | :13:01. | :13:05. | |
the increase in supply. We know there is limited storage capacity | :13:06. | :13:10. | |
left out there now. We have not yet reached the bottom of this oil | :13:11. | :13:14. | |
price. When we are looking at this state of the worst start to the year | :13:15. | :13:17. | |
for a long time in the global markets, it is difficult to see what | :13:18. | :13:23. | |
will get us out of that pessimism and fear that things will get worse | :13:24. | :13:29. | |
before they get better. The Chinese central bank today | :13:30. | :13:33. | |
pumping $12 billion into the markets, doing all they can as well | :13:34. | :13:37. | |
but it seems to be lingering, the pessimism. The Chinese have got | :13:38. | :13:41. | |
themselves hooked on this interventionist mantra, they are | :13:42. | :13:47. | |
nervous about letting the market, the stock market, decide the level | :13:48. | :13:51. | |
of the currency. Part of the intervention China has been doing is | :13:52. | :13:54. | |
part of a long run strategy to become one of the IMF reserve | :13:55. | :13:58. | |
currencies, in which case it needs to keep a relatively tight spread on | :13:59. | :14:04. | |
the offshore market. You have got that intervention going on. But the | :14:05. | :14:07. | |
other thing worth pointing out is that economic lead this is not a | :14:08. | :14:11. | |
particularly bad start to the year. We have had a good data point from | :14:12. | :14:16. | |
the US in terms of jobs data, we are seeing some sign of improvement once | :14:17. | :14:19. | |
again coming through in Germany, so the macro environment is not what | :14:20. | :14:26. | |
you would expect, so we might actually find it better once we get | :14:27. | :14:32. | |
through this dispiriting period at the start of the year. That is very | :14:33. | :14:37. | |
positive, we appreciate that! You will be back later with more to talk | :14:38. | :14:40. | |
about, lots of stories in the press as ever. | :14:41. | :14:45. | |
Some breaking news. News of an explosion in the Turkish city of | :14:46. | :14:54. | |
Istanbul. Local media reports are saying several people have been | :14:55. | :14:59. | |
injured. The blast happened in one of the city's main tourist | :15:00. | :15:02. | |
districts. The area has been cordoned off by police. The cause of | :15:03. | :15:07. | |
the explosion is not immediately known. As soon as we have more | :15:08. | :15:11. | |
information about what's going on in Istanbul, we will update you, but | :15:12. | :15:14. | |
that's something we're just hearing about at the BBC. Another line | :15:15. | :15:20. | |
coming in to us. This is on the AFP News Agency, a strong explosion. | :15:21. | :15:28. | |
This is in the tourist quarter near the church and the Blue Mosque. This | :15:29. | :15:33. | |
copy saying several ambulances and the police are on the scene. There | :15:34. | :15:36. | |
are pictures on the local TV channels. We will bring them to you | :15:37. | :15:42. | |
as soon as we have them. A strong explosion reported in the tourist | :15:43. | :15:43. | |
centre in Istanbul. Still to come, | :15:44. | :15:47. | |
forecasting the future. We sit down with entrepreneur | :15:48. | :15:48. | |
and innovator Elon Musk. Owning a car that is not | :15:49. | :16:03. | |
self-driving in the future is like owning a horse. | :16:04. | :16:06. | |
It's a big week for results in the UK grocery sector. | :16:07. | :16:09. | |
Sainsbury's are out tomorrow, it's Tesco's turn on Thursday, | :16:10. | :16:23. | |
but today Morrisons published its figures and they're | :16:24. | :16:25. | |
The supermarket says like-for-like sales rose 0.2% in the nine | :16:26. | :16:29. | |
Let's get more from Paul Thomas who is able to join us from our news | :16:30. | :16:40. | |
floor. Paul, the share price is a big reaction, but when you look at | :16:41. | :16:43. | |
the figures, it is a tiny weany move. Put it in prospective for us? | :16:44. | :16:47. | |
It is a small move, but they have had a number of months and quarters | :16:48. | :16:52. | |
of reporting sales in decline. So this is great progress and festive | :16:53. | :16:58. | |
cheer for Morrisons and for Dave Potts, there is more work to do, but | :16:59. | :17:02. | |
perhaps an indication that they are heading in the right direction with | :17:03. | :17:07. | |
their recent work. It is a busy week for retailers, but the supermarkets | :17:08. | :17:11. | |
seem to have been hit badly. Next were down and John Lewis bucking the | :17:12. | :17:15. | |
trend doing reasonably well, but Marks Spencer's, a difficult time, | :17:16. | :17:18. | |
it is hard to pick out the winners and the losers of the Christmas | :17:19. | :17:21. | |
period? By the end of the week we will have a better idea. Indications | :17:22. | :17:26. | |
are Morrisons was a surprise coming in at 0.2% increase. Likely to be an | :17:27. | :17:30. | |
increase for Sainsbury's and like to be a drop for Tesco's. So what is | :17:31. | :17:42. | |
Morrisons getting right that perhaps its rivals are not? I think they | :17:43. | :17:51. | |
have focussed back on through David Potts' strategy, reducing costs at | :17:52. | :17:55. | |
head office, more colleagues for the shop floor to improve the customer | :17:56. | :17:57. | |
experience within the shop. There is a lot of work to do in terms of | :17:58. | :18:02. | |
range and freshness, and a lot to do on marketing. They have a provenance | :18:03. | :18:08. | |
with their fresh, but their own farms and vertical supply chain, and | :18:09. | :18:14. | |
they could do more to drive that home, but getting the basics right, | :18:15. | :18:19. | |
the customer journey and that's what helped them and that's what they | :18:20. | :18:23. | |
need to focus on in the coming months and in the future. | :18:24. | :18:29. | |
Paul Thomas, thank you. Shares up about 8%, up nearly 15 points so far | :18:30. | :18:34. | |
this morning as a result of the figures. Lots more on the website. | :18:35. | :18:37. | |
More detail and analysis, Sainsbury's to come next. | :18:38. | :18:42. | |
Our top story, the US starts exporting gas with the first | :18:43. | :18:46. | |
But with falling prices how significant will it be for consumers | :18:47. | :18:50. | |
Now to a big name in field of innovation, a man known | :18:51. | :18:58. | |
for increasingly making futuristic ideas a reality. | :18:59. | :19:01. | |
Elon Musk is Chief Executive of Tesla Motors, a company that | :19:02. | :19:04. | |
grabbed headlines after its all-electric sport luxury cars. | :19:05. | :19:07. | |
His cars are also competing in the driverless space too, | :19:08. | :19:13. | |
One is SpaceX, an aerospace company seeking not only to lower the cost | :19:14. | :19:22. | |
of space travel, but also enable to colonisation of mars. | :19:23. | :19:29. | |
His net worth is $12.4 billion, making him the 39th wealthiest | :19:30. | :19:35. | |
Our technology correspondent Rory Cellan-Jones spoke to him | :19:36. | :19:40. | |
exclusively and started by asking him, how common | :19:41. | :19:44. | |
I think all transport will go fully electric. I see the value of Tesla | :19:45. | :20:06. | |
as a catalyst. I think Tesla maybe when one looks back on it, it might | :20:07. | :20:11. | |
accelerate that transition by a decade maybe, maybe more. | :20:12. | :20:15. | |
Are you on the road to producing a model that far more people could | :20:16. | :20:20. | |
aspire to own? Yes. The model three, that's the third part of our | :20:21. | :20:27. | |
strategy which produce high volume, low-cost car and we expect to be in | :20:28. | :20:30. | |
production with that at the end of next year. In order to have a | :20:31. | :20:35. | |
substantial effect on transportation, we have to make the | :20:36. | :20:39. | |
cars affordable. So I think the model three is extremely important | :20:40. | :20:43. | |
as part of that strategy unless there is affordable car, we will as | :20:44. | :20:47. | |
you alluded to earlier, only have a small impact on the world. So it | :20:48. | :20:51. | |
needs, we need to make a car that most people can afford in order to | :20:52. | :20:57. | |
have a really substantial impact. Do you see Apple building a car and | :20:58. | :21:04. | |
that maybe being a threat to you? Well, I think, I would encourage | :21:05. | :21:11. | |
more participation by whoever it is to create electric vehicles. It is | :21:12. | :21:17. | |
quite hard to do. But I think companies like Apple will probably | :21:18. | :21:21. | |
make a compelling electric car. It seems like the obvious thing to do. | :21:22. | :21:29. | |
Are you betting that that's going to happen? Have you heard something? It | :21:30. | :21:35. | |
is hard to hide when you have hired over 100 engineers to do it. So you | :21:36. | :21:41. | |
think Apple will do it? Yes, do I. You have been a leader in autonomous | :21:42. | :21:46. | |
driving. How far do you think that's going to go? I mean, I think, the | :21:47. | :21:55. | |
two biggest revolutions in transport are electrification and autonomy. | :21:56. | :22:01. | |
Those are the two biggest innovations since the moving | :22:02. | :22:04. | |
production line. Autonomy is extremely important and I think in | :22:05. | :22:09. | |
the long-term nobody will buy a car unless it is autonomous. In ten | :22:10. | :22:14. | |
years time, what will I be driving? Will I be driving at all? Will I be | :22:15. | :22:19. | |
pressing a button on an app and a car will drive up and take me where | :22:20. | :22:24. | |
I want to? You will only drive if you want to drive. It will be like | :22:25. | :22:30. | |
owning a car that is not self-driving in the long-term will | :22:31. | :22:34. | |
be like owning a horse. You would own it and you would use it for | :22:35. | :22:38. | |
sentimental reasons, but not for, you know, not for daily use really. | :22:39. | :22:43. | |
Now, you're in three extraordinary industries. You are in electric | :22:44. | :22:50. | |
cars, you're in rockets, and you're in solar energy. What unites you, | :22:51. | :22:56. | |
what unites those three interests? Well, what I'm trying to do is to | :22:57. | :23:07. | |
minimise future threats or take whatever action I can to ensure the | :23:08. | :23:11. | |
future is good. I didn't expect these companies to succeed. I | :23:12. | :23:18. | |
thought they would most likely fail, particularly Tesla and space X. At | :23:19. | :23:26. | |
the beginning I thought SpaceX and Tesla had a 10% chance of success | :23:27. | :23:31. | |
and I'm surprised to see that we're alive. It's great. I wasn't | :23:32. | :23:33. | |
expecting that! You can hear more of that interview | :23:34. | :23:45. | |
online. He was talking about what he believes are the greatest | :23:46. | :23:49. | |
innovations over the last few decades, electrification being one. | :23:50. | :23:52. | |
We asked you for your tweets on what you thought was the best invention | :23:53. | :23:56. | |
over the past few years. Paul says, it is easy. Publicly accessible | :23:57. | :24:03. | |
internet changed the world for him. Ozzy, said satellite TV because it | :24:04. | :24:06. | |
means he can watch us on the programme! Well done. Another one, | :24:07. | :24:13. | |
internet, followed by GPS changing the way we navigate. | :24:14. | :24:20. | |
Anne is back. I think Segways. You have been on one? I have been on an | :24:21. | :24:31. | |
off road Segway. You have got ones with chunky wheels. We want footage, | :24:32. | :24:38. | |
please! Need to know basis. That might even | :24:39. | :24:44. | |
top Rupert Murdoch's engagement news! | :24:45. | :24:52. | |
China, an important market for Rolls-Royce, I imagine. China is an | :24:53. | :24:56. | |
important market for Rolls-Royce, I imagine at one stage it was the most | :24:57. | :25:01. | |
important market. It would be in the top three markets for it. But the, | :25:02. | :25:05. | |
the interesting thing that you see going on here in China is the | :25:06. | :25:11. | |
anticorruption drive and this desire to shy away from any kind of | :25:12. | :25:15. | |
conspicuous consumption has come through in the Rolls-Royce sales, | :25:16. | :25:18. | |
but happily for Rolls-Royce we are seeing in other parts of the world | :25:19. | :25:21. | |
beginning to pick up, that potential slack that's out there. The Middle | :25:22. | :25:25. | |
East is going well and places like South Korea also doing well. It is a | :25:26. | :25:29. | |
great success story as a business, but you can see this pain in China | :25:30. | :25:33. | |
coming through. Coming through for another company. | :25:34. | :25:37. | |
Anne, thank you. More to talk about, but no time. We want to remind you | :25:38. | :25:43. | |
of the breaking news of an explosion in the Turkish city of Istanbul. | :25:44. | :25:50. | |
Local media reports say several people have been injured and there | :25:51. | :25:52. | |
could be casualties. Hello there. Good morning, if you | :25:53. | :26:12. | |
haven't yet stepped outside, well brace yourself it feels cold out | :26:13. | :26:16. | |
there. A really cold wind particularly in western | :26:17. | :26:17. |