Browse content similar to 21/06/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Aaron Heslehurst | :00:00. | :00:07. | |
With just two days until the UK votes | :00:08. | :00:12. | |
on its EU membership, all eyes are on the pound. | :00:13. | :00:15. | |
The billionaire investor George Soros says it will sink | :00:16. | :00:18. | |
like a stone if the UK leaves, but those supporting a Brexit | :00:19. | :00:22. | |
Live from London, that's our top story | :00:23. | :00:29. | |
the EU would lead to the pound dropping by at least | :00:30. | :01:00. | |
They say he was wrong on joining the Euro | :01:01. | :01:04. | |
Will be looking at all sides of the argument. | :01:05. | :01:09. | |
Walmart seeks to make inroads in China. | :01:10. | :01:11. | |
The global retail giant is going to give away its struggling | :01:12. | :01:14. | |
website in the country in exchange for a 5% stake in China's | :01:15. | :01:17. | |
And the markets after that over 3% climb for most major markets, today | :01:18. | :01:26. | |
they have dipped slightly. So what's the feeling on the trading floors | :01:27. | :01:30. | |
today in Europe? We will talk you through that. | :01:31. | :01:31. | |
And do you fancy using your holiday this year to work on a farm, teach | :01:32. | :01:35. | |
It might not be up your street but it's now a growing area | :01:36. | :01:42. | |
We speak to the woman who's turned experiences | :01:43. | :01:44. | |
So, on that note, when you travel is that your idea | :01:45. | :01:49. | |
volunteering at a school in India, taking a cooking class in Nepal | :01:50. | :01:55. | |
or even helping out on a farm in the Philippines? | :01:56. | :01:57. | |
Let us know what you think - just use the hashtag #bbcbizlive | :01:58. | :02:12. | |
Do send us your suggestions. I'm sure you've got some good ideas for | :02:13. | :02:20. | |
holiday for Aaron. Let's talk about what is going on as far as the UK | :02:21. | :02:24. | |
referendum is concerned today. The latest add his voice to the debate | :02:25. | :02:26. | |
is George Soros, the investor who made | :02:27. | :02:34. | |
$1 billion by betting against the pound on Black Wednesday | :02:35. | :02:39. | |
in 1992, who has warned of a Black Friday if Britain votes | :02:40. | :02:42. | |
to leave the European Union. Soros warns sterling could drop | :02:43. | :02:44. | |
in value by more than 20% and says voters are "grossly underestimating" | :02:45. | :02:47. | |
the risks of a Brexit. Vote Leave says Mr Soros | :02:48. | :02:50. | |
is a long-standing advocate of giving the EU further control | :02:51. | :02:52. | |
of Britain's finances. Yesterday the pound jumped the most | :02:53. | :02:54. | |
against the dollar in seven years, the likelihood of the UK | :02:55. | :02:57. | |
leaving the European Union. The currency rose by 2.43% | :02:58. | :03:00. | |
after several polls suggested that the Leave campaign had | :03:01. | :03:13. | |
lost its lead in the race, with both The former boss of Tesco Sir Terry | :03:14. | :03:16. | |
Leahy and former head of Marks and Spencer Mark Bolland | :03:17. | :03:19. | |
have also waded into the debate with the support of the shop | :03:20. | :03:22. | |
workers' union Usdaw. They claim households | :03:23. | :03:25. | |
would be at least ?584 worse off a year, because of an expected | :03:26. | :03:30. | |
fall in the value of sterling dismissed the warnings, | :03:31. | :03:34. | |
claiming EU membership has put up Supporters of a Brexit also argue | :03:35. | :03:41. | |
that a weaker pound would benefit the UK because it would make | :03:42. | :03:47. | |
Britain's exports cheaper. lets get more on this. Tim Martin is | :03:48. | :04:01. | |
chairman of the JD Wetherspoon pub chain. He is a vocal proponent of | :04:02. | :04:08. | |
leaving the EU. He joins us now from Exeter to talk all things EU | :04:09. | :04:12. | |
referendum. Great to have you on the programme. I'm trying to understand | :04:13. | :04:19. | |
why you are so for leaving because, for example, if the pundits have it | :04:20. | :04:23. | |
right, if the average UK household would be done something like 550 | :04:24. | :04:28. | |
quid, that's 550 quid less to spend in your pubs. That's a voodoo | :04:29. | :04:35. | |
economic said and George Soros calls a Black Wednesday but, of course, as | :04:36. | :04:41. | |
most viewers will know, the name was changed to white Wednesday in 1992. | :04:42. | :04:46. | |
We got kicked out of the exchange rate mechanism, the pound was | :04:47. | :04:51. | |
overvalued and we started the magnificent recovery which lasted | :04:52. | :04:53. | |
for years and defied those who suggested we should stay in the | :04:54. | :05:00. | |
exchange rate mechanism. If we leave the EU, which is undemocratic and | :05:01. | :05:03. | |
unsuccessful, with great problems in Greece, Portugal and elsewhere, the | :05:04. | :05:08. | |
first thing that will happen is that in our pubs, food prices will go | :05:09. | :05:12. | |
down because a lot of our food is bought from outside the EU. All our | :05:13. | :05:19. | |
wine is bought from outside the EU and most of it has a tariff, so | :05:20. | :05:25. | |
we'll lose the tariffs. Sorry to interrupt but if the UK leaves, as | :05:26. | :05:30. | |
no doubt many will say and we know it, sterling will drop. Some say | :05:31. | :05:34. | |
50%, some say 20 percentage top that's going to make importing goods | :05:35. | :05:39. | |
more expensive. I just remember the huge problems in the early 1990s | :05:40. | :05:45. | |
when the pound was going up. It was supposed to be our biggest problem | :05:46. | :05:48. | |
and it was creating enormous problems the manufacturing industry. | :05:49. | :05:53. | |
There are certain effects if the pound goes up or down, it's a | :05:54. | :05:58. | |
floating currency. It goes up and down all the time, so does the stock | :05:59. | :06:02. | |
market. And I don't think that you can say that that's the reason. | :06:03. | :06:07. | |
Right out of the blue, the pound is going to go down? That's bad. Where | :06:08. | :06:13. | |
has this come from? It's ridiculous. From your perspective... Sorry, this | :06:14. | :06:17. | |
is Sally Bond at joining in. Many of your punters, I'm sure, have been | :06:18. | :06:20. | |
talking to you about this referendum, and gauging the mood | :06:21. | :06:25. | |
where you work, what are they saying to you? I think that they are | :06:26. | :06:31. | |
starting to get their minds around the different issues. The key issue | :06:32. | :06:35. | |
with the EU is that it's not democratic. It's increasingly | :06:36. | :06:39. | |
undemocratic and if you look around the world, which I think most people | :06:40. | :06:44. | |
now appreciate, Australia, New Zealand, North America, South Korea, | :06:45. | :06:51. | |
it's always the democracies which do better, and since the EU has become | :06:52. | :06:56. | |
more centralised and it has started to have a lot of economic problems, | :06:57. | :07:00. | |
we are not talking about a very successful area. The further you are | :07:01. | :07:05. | |
away from the centre of the EU, the more successful your economy is. The | :07:06. | :07:11. | |
great problem is, we have to have this dogfight to stay out of the | :07:12. | :07:18. | |
euro, not to have... To have opt outs on various things, to avoid a | :07:19. | :07:22. | |
tampon tax. So it's not a very successful area. We need democracy, | :07:23. | :07:28. | |
where laws are made in this country, like New Zealand, Australia, North | :07:29. | :07:30. | |
America. It's not anything to profound. We appreciate your time. | :07:31. | :07:35. | |
Thank you, mate, for joining us. Talk to you again sometime. | :07:36. | :07:42. | |
Lots more on that story in a few minutes. Let's just squeeze in some | :07:43. | :07:43. | |
other business news. Former Volkswagen boss | :07:44. | :07:46. | |
Martin Winterkorn is under investigation in Germany | :07:47. | :07:48. | |
for alleged market manipulation. German prosecutors have | :07:49. | :07:50. | |
accused Mr Winterkorn and another former board member | :07:51. | :07:52. | |
of withholding information from investors about | :07:53. | :07:54. | |
VW's emissions scandal. Mr Winterkorn resigned last | :07:55. | :07:56. | |
September, following revelations the firm cheated US diesel | :07:57. | :07:58. | |
car emissions tests. But VW said the prosecutors have | :07:59. | :08:02. | |
offered "no new facts The aviation industry could be one | :08:03. | :08:04. | |
of the biggest beneficiaries of changes to India's strict | :08:05. | :08:10. | |
foreign investment rules. The government has announced it | :08:11. | :08:12. | |
will allow 100% foreign ownership of airlines and of some | :08:13. | :08:15. | |
defence businesses too. And for foreign firms | :08:16. | :08:19. | |
trying to get into retail, there's respite from a rule that | :08:20. | :08:22. | |
required 30% of what they sold to be Let's take a look round the world | :08:23. | :08:26. | |
at what's business stories We learnt today that the US | :08:27. | :08:38. | |
retail giant Walmart is rethinking its digital strategy, | :08:39. | :08:43. | |
to tap into the Chinese market. Mariko Oi has been | :08:44. | :08:46. | |
following the story. Walmart that biggest retailer in the | :08:47. | :09:06. | |
world looking at the biggest growth area in the world. | :09:07. | :09:10. | |
Indeed. The company's name that you were looking at was Yihaodian, which | :09:11. | :09:14. | |
is the online company that Walmart has in China. It targets wealthy | :09:15. | :09:19. | |
customers, especially women, selling groceries, but it has really been | :09:20. | :09:24. | |
struggling, so it has announced that it is going to sell that unit to the | :09:25. | :09:29. | |
country's second-biggest be, is company, called Jaidee .com. In | :09:30. | :09:34. | |
return, Walmart will have a five per stake in that company and will be | :09:35. | :09:38. | |
listed as a preferred seller. So the company hopes that this deal would | :09:39. | :09:42. | |
give them greater exposure in other parts of China and investors seem to | :09:43. | :09:47. | |
like the plan as shares of Walmart are rising on Wall Street after the | :09:48. | :09:50. | |
news. Thanks a lot. Interesting story to | :09:51. | :09:53. | |
keep alive, what Walmart is up to in China. | :09:54. | :09:55. | |
Let's show you how markets fared in Asia. The main market in Japan by | :09:56. | :10:03. | |
almost 1%. Hong Kong followed after a good night on Wall Street. This | :10:04. | :10:07. | |
was on the back of reports showing that the Remain camp was seemingly | :10:08. | :10:11. | |
ahead but now the polls are too close to call yet again. We all know | :10:12. | :10:16. | |
how reliable polls are, don't we? But that's how things have been | :10:17. | :10:20. | |
going in Asia. The yen strengthening a little. Some nerds out there. And | :10:21. | :10:26. | |
this is Europe, really flat and fairly mixed. Massive jumps | :10:27. | :10:30. | |
yesterday. If you look at the closing numbers for Europe, 3.5% | :10:31. | :10:33. | |
higher for France, three percentile for London. Quite a big marked | :10:34. | :10:40. | |
bounce on the market on Monday so no surprise they are flat. We will talk | :10:41. | :10:42. | |
some more about the market sentiment in a few minutes. | :10:43. | :10:46. | |
Samira Hussain has the details about what's ahead on Wall Street today. | :10:47. | :10:49. | |
On Tuesday, chair of the US Federal reserve Janet Yellen will be | :10:50. | :10:52. | |
This is Miss Yellen's semiannual appearance on Capitol Hill. | :10:53. | :10:55. | |
She will be delivering remarks on monetary policy and then | :10:56. | :10:58. | |
answer questions from congressional leaders. | :10:59. | :10:59. | |
Separately, Miss Yellen and the US Treasury Secretary Jack Lew | :11:00. | :11:04. | |
will attend the opening meeting of the Financial Stability | :11:05. | :11:07. | |
The Fsoc, as it is often referred to, is responsible for monitoring | :11:08. | :11:13. | |
And in other news, FedEx will be reporting earnings. | :11:14. | :11:19. | |
Investors will want to hear all about its recent acquisition | :11:20. | :11:22. | |
of the Dutch company TNT and, of course, preparations for this | :11:23. | :11:27. | |
Hard to believe we're talking about Christmas when summer has only | :11:28. | :11:32. | |
Good on you! We already thinking about Christmas? | :11:33. | :11:48. | |
Are you thinking about Christmas? You are kidding me! I will pop my | :11:49. | :11:50. | |
tree up! Joining us is independent | :11:51. | :11:51. | |
economist Bronwyn Curtis. Actually, I haven't taken it down! | :11:52. | :12:01. | |
Great to see you as always. Let's start with the big boss of the US | :12:02. | :12:11. | |
central bank, Janet Yellen, she talks of the committee and we saw a | :12:12. | :12:15. | |
change of mind is at the US Federal reserve. The way I think about it, | :12:16. | :12:20. | |
they were talking about four rate hikes a year, approximately. Now I | :12:21. | :12:28. | |
think about it as one rate a hike year for the next four years. Talk | :12:29. | :12:33. | |
about change! So they are worried about the economy. Are they wrote to | :12:34. | :12:38. | |
be worried? I think it's a big change. They've got closer to the | :12:39. | :12:42. | |
market so should they be worried? I think we should all be worried | :12:43. | :12:46. | |
because we either low growth, low inflation ran for a very long time. | :12:47. | :12:49. | |
Bond yields are going to stay low, interest rates stay low, so it's not | :12:50. | :12:54. | |
a pretty picture. The US was nice that was starting to perform. But | :12:55. | :12:59. | |
wait until the end of next week. Nonfarm payrolls. They are coming at | :13:00. | :13:05. | |
the end of next week. It was because they were bad last time that | :13:06. | :13:09. | |
everybody said, it's not good, maybe they'll be better this time and | :13:10. | :13:13. | |
we'll be going up a bit. Sally Watson talk about Brexit but first, | :13:14. | :13:17. | |
will she continued in front of this community today? All bob absolutely, | :13:18. | :13:22. | |
the same message. Give us your take on the mood right now because | :13:23. | :13:25. | |
looking at you, markets are fairly flat. Treading water after a big | :13:26. | :13:30. | |
bounce on Monday. I'm thinking about what George Soros has been saying | :13:31. | :13:38. | |
today. Are you trading on the day -- where you trading on the day we left | :13:39. | :13:42. | |
the RM? Roll I was. Markets hate uncertainty. The ERM was not really | :13:43. | :13:49. | |
about the UK but about Europe and it was a big thing for the UK but not | :13:50. | :13:54. | |
for Europe. This is huge. I've been doing this a long time and I'm with | :13:55. | :14:00. | |
George Soros. The volatility that we will see... Markets hate | :14:01. | :14:04. | |
uncertainty, so 15 or 20% in the sterling going down, I think that's | :14:05. | :14:10. | |
likely. But let's not forget, he is a big Speculator. This kind of | :14:11. | :14:15. | |
market is good for him. They love volatility and that's what we've | :14:16. | :14:19. | |
got, at least until Friday. You are going to come back and tickets to | :14:20. | :14:22. | |
the papers so we'll speak you very shortly. Still to come: | :14:23. | :14:25. | |
Living like a local - we speak to one company that's | :14:26. | :14:27. | |
turned the apatite for authentic home-grown experiences | :14:28. | :14:29. | |
What would be your authentic holiday experience? Out of you when we come | :14:30. | :14:42. | |
back! -- I'll tell you when we come back. | :14:43. | :14:43. | |
You're with Business Live from BBC News. | :14:44. | :14:48. | |
Do we need to say that? It says on the autocue it is two days to go | :14:49. | :14:55. | |
until Britain votes on the EU referendum! Markets are looking | :14:56. | :14:56. | |
jittery. Laith Khalaf, a senior analyst | :14:57. | :14:57. | |
at Hargreaves Lansdown, has been keeping an eye on how | :14:58. | :15:00. | |
investors are behaving Welcome to Business Live. I would | :15:01. | :15:06. | |
imagine from your point of view it is all hands on deck now from now | :15:07. | :15:11. | |
right through until the end of play on Friday. Markets have been really | :15:12. | :15:17. | |
moody. We saw the FTSE rising yesterday on the back of a few polls | :15:18. | :15:20. | |
and you are absolutely right, we are going to see more of that in the | :15:21. | :15:23. | |
coming days because markets are being bombarded with a huge amount | :15:24. | :15:27. | |
of information. They are trying to die just at all and that is going to | :15:28. | :15:30. | |
run through up to the referendum and possibly after it as well. | :15:31. | :15:39. | |
We talk about the pound dropping and markets crashing bla-bla-bla. If we | :15:40. | :15:48. | |
stay in, do we see the opposite? We are not going to see a rise in the | :15:49. | :15:54. | |
quid are we by 15% or 20%? You can tell which direction the markets | :15:55. | :15:59. | |
will go in either outcome either up or down, remain or Brexit. What is | :16:00. | :16:02. | |
really difficult is quantitifying how much. We have seen, you know, | :16:03. | :16:06. | |
reports of the sterling crashing 15%. That could happen, but I don't | :16:07. | :16:09. | |
think anyone really knows whether that's going to be the case. If you | :16:10. | :16:16. | |
are a betting man and we stay in how much does the sterling rise roughly? | :16:17. | :16:20. | |
I have no predictions because that's, you know, it is a real false | :16:21. | :16:24. | |
economy to make predictions like that because no one knows what is | :16:25. | :16:29. | |
going to happen on the day. The context of all we have got a fragile | :16:30. | :16:33. | |
global economy and key to this is the fact that policy makers don't | :16:34. | :16:35. | |
really have any room left because interest rates are so low. So if we | :16:36. | :16:39. | |
get knocked off course in terms of economic growth, there is nothing | :16:40. | :16:42. | |
really that they can do to stimulate the economy anymore. | :16:43. | :16:45. | |
All right, we have got to leave it there. Thank you very much for your | :16:46. | :16:52. | |
prospective. There is plenty, plenty more on our | :16:53. | :16:56. | |
website, but there are other stories out there. Aaron found one. Talking | :16:57. | :17:02. | |
about airline fees, printing a boarding pass, putting an extra bag | :17:03. | :17:06. | |
on. The Civil Aviation Authority are looking at the rules on this to make | :17:07. | :17:11. | |
sure the charges aren't tucked away, hidden. More transparent. More | :17:12. | :17:18. | |
transparent, Sal. So you know what you're paying out. | :17:19. | :17:21. | |
You're watching Business Live. Our top story: | :17:22. | :17:25. | |
The billionaire investor has been wading in on the row over whether | :17:26. | :17:30. | |
the UK should or shouldn't leave the European Union. His view is the | :17:31. | :17:35. | |
pound will sink dramatically on Friday if the outcome is leave. | :17:36. | :17:42. | |
The producers forgot to put that in and you just spoke it off the top of | :17:43. | :17:44. | |
your head. Let's get the inside track now | :17:45. | :17:46. | |
on a business that's trying to turn how we think of taking a holiday | :17:47. | :17:49. | |
on its head. The travel and tourism industry | :17:50. | :17:51. | |
generated $7.2 trillion last year while supporting 284 million | :17:52. | :17:56. | |
across the globe. The sector is dominated by big | :17:57. | :18:01. | |
players such as TUI Travel, Carnival Corp and Marriott | :18:02. | :18:04. | |
International which make billions One company that's trying to shift | :18:05. | :18:06. | |
the industry away from big players and towards the sharing economy | :18:07. | :18:10. | |
is I Like Local. The business which is based | :18:11. | :18:12. | |
on the sharing economy allows people to book accommodation and activities | :18:13. | :18:17. | |
around the world with more than 450 experiences available | :18:18. | :18:20. | |
in 15 countries. What they say separates them | :18:21. | :18:22. | |
from their competitors is that 100% of the money asked by the locals | :18:23. | :18:27. | |
for their activities is directly paid to them, ensuring | :18:28. | :18:30. | |
that the local economy benefits. With me now is Sanne Meijboomm, | :18:31. | :18:36. | |
the Founder of I Like Local. Great to have you with us in the | :18:37. | :18:50. | |
studio. This started because you are a traveller, I believe, a little | :18:51. | :18:52. | |
birdie told me and when you travelled you like to do the local | :18:53. | :18:56. | |
thing and was that hard to do when you didn't have something like what | :18:57. | :19:02. | |
you created? Well, like I travelled like over 42 countries and what I | :19:03. | :19:07. | |
noticed and it was the reason why I start this business and I got this | :19:08. | :19:11. | |
idea was that my best experiences were the encounters with local | :19:12. | :19:20. | |
people. So at that time I was around 25, I still had loads of time to | :19:21. | :19:25. | |
travel and so for me at that point it was not really difficult to find | :19:26. | :19:32. | |
the experiences so I had loads of time. I started I Like Local mainly | :19:33. | :19:40. | |
targeting people like women between 25, 35 who already have like | :19:41. | :19:47. | |
experience with travelling but they didn't have the sufficient time to | :19:48. | :19:52. | |
really start exploring. Just explain then how this website works. There | :19:53. | :19:56. | |
are so many travel websites out there. True. There is huge | :19:57. | :20:01. | |
competition. You have got your niche area. You are providing a local | :20:02. | :20:04. | |
experience to people. We have just said that the people who provide | :20:05. | :20:08. | |
that experience get all the money. So just explain how your website | :20:09. | :20:11. | |
works and how you generate profits? Yeah. So the idea is that I really | :20:12. | :20:17. | |
wanted to create like unique authentic experience for travellers | :20:18. | :20:21. | |
because that's what something I noticed myself, but also like the | :20:22. | :20:26. | |
research on more than 50 travellers. I Like Local is like a sustainable | :20:27. | :20:31. | |
travel platform where travellers can book authentic experiences... But | :20:32. | :20:35. | |
how do you make money? That's my question! | :20:36. | :20:39. | |
It is a business programme, come on, how do you make your money? It works | :20:40. | :20:45. | |
similar to Airbnb where Airbnb takes from both sides from travellers and | :20:46. | :20:49. | |
hosts. We have the intention to support local communities as well. | :20:50. | :20:50. | |
So we don't We appreciate your time. | :20:51. | :22:43. | |
As part of our series where we've been asking small business leaders | :22:44. | :22:46. | |
about their choice when it comes to Europe, here is the latest view from | :22:47. | :22:53. | |
a shoemaker in Portugal. I am the managing director. Ighalo Portuguese | :22:54. | :22:55. | |
shoemaker with a brand of 175 years. Our products are old and crafted | :22:56. | :23:01. | |
with the best materials. In the last years we | :23:02. | :23:04. | |
sold abroad in Japan, the United States of America, | :23:05. | :23:11. | |
Germany and other countries. The recession in Portugal is very | :23:12. | :23:16. | |
deep and it is difficult The Portuguese people don't have | :23:17. | :23:20. | |
enough money to buy our shoes. We are planning to introduce our | :23:21. | :23:27. | |
shoes in the UK market. It is one of the biggest | :23:28. | :23:30. | |
markets in Europe. If the UK left the European Union | :23:31. | :23:33. | |
it is difficult for us and for the Portuguese industry | :23:34. | :23:36. | |
because there are additional costs and the customer procedures | :23:37. | :23:40. | |
will cause delays in the exports. There are plenty more views on our | :23:41. | :24:00. | |
website. We've talked to so many bosses about this. | :24:01. | :24:04. | |
Bronwyn is back. Let's get into the papers. This is in the Insider. A | :24:05. | :24:13. | |
start-up bank has raised ?1.5 million, just under $2.5 million, to | :24:14. | :24:20. | |
build a bank for the young ones. The snap chat generation. Younger than | :24:21. | :24:25. | |
us! It is interesting because they talk about it as a bank but they are | :24:26. | :24:29. | |
not going for a full banking licence because most of the banking services | :24:30. | :24:33. | |
they think can be done are prepay card but the reason they got off the | :24:34. | :24:37. | |
ground was because they could provide overseas students with | :24:38. | :24:41. | |
opening a bank really quickly, quicker than normal banks, and I | :24:42. | :24:45. | |
think that's the big thing. That's their selling point. Plus they are | :24:46. | :24:52. | |
going to give discounts on going to services and copies and all of that. | :24:53. | :24:58. | |
Things are students like to do. It is another example of a start-up | :24:59. | :25:04. | |
bank, a bank that is just for smart devices... We have the chief | :25:05. | :25:08. | |
executive of Mondo on Business Live. Are they disrupt us, do you think? | :25:09. | :25:12. | |
Are the big bounce you work for over the years worried about this? -- big | :25:13. | :25:18. | |
banks. I think very are because they need to be on the phones and it is | :25:19. | :25:23. | |
much harder. In terms of providing things like mortgages and overdrafts | :25:24. | :25:25. | |
and all of that sort of thing, the big banks are there and these are | :25:26. | :25:34. | |
long way from Matt. Would you go for sharing holiday? | :25:35. | :25:39. | |
We have known you for a long time. Working on a farm in the | :25:40. | :25:43. | |
Philippines, I think not. I work hard enough because I go out sailing | :25:44. | :25:48. | |
and I go out and I worked really hard. My husband wouldn't burn an | :25:49. | :25:53. | |
electric winch because he thought it was better than paying out for the | :25:54. | :25:59. | |
gym so that's what I do. Thank you, sailor Bronwyn Curtis. We | :26:00. | :26:02. | |
will see you tomorrow. | :26:03. | :26:05. |