carol: this is "bloomberg businessweek." ♪ ♪ carol: welcome back.: you can join us every day on the radio. 2:00 to 5:00 wall street time. catch up with our podcast. carol: find us online at businessweek.com. once an afterthought, general electric's insurance is a big cash drain. accounting methods lead the section. jason: as it sells off assets, you see in black the cash thrown off by portfolios. the gray? cash gets thrown off dramatically through these planned investments. less money they have, simply. carol: the other quandary is how it reports earnings. taylor for another take. taylor: so complicated. with ge, you have to be analyst and accountant. the generally accepted accounting principles gets very complicated because of general electric's structure and how complicated their business is. interesting chart showing net income profitability. -$2.6 billion. on adjusted basis, you make it look positive. interesting. you have to look at profitability. i try to hedge my bets a bit and to start at the top line. you can't play around with the numbers.

carol: and i'm carol massar.so listen to us on the radio on serious xm channel 119 andew york, and in boston washington, d.c. jason: and in the bay area, and in london on dab digital and on the bloomberg business app. this week, our focus is looking around the corner with insights from the annual bloomberg "the year ahead" summit. carol: among the 80-list ceo's on the program, duke energy's lynn good spoke with joel weber. and the conversation very quickly turning to the urgency of climate change. >> we take this very seriously, and we have a team actually looking at the report that was issued last friday, and it really continues the conversation started with the u.n. report a few weeks ago. and at duke energy, we have been focused on carbon reduction for over a decade. and the industry really focused on carbon reduction over the decade, because we do see climate change is an issue that is going to be important to our customers and communities and investors. and i think the important thing to recognize is the u.s

♪ carol: welcome to "bloomberg businessweek." i'm carol massar. jason: i'm jason kelly.e are joining you from bloomberg headquarters in new york. carol: the u.s. and china continue to talk trade, but are they making real progress? jason: it is the one-year anniversary of president trump's tax bill. the big cuts came with big promises, but the jury is out on what they have done for the economy. carol: theresa may promised there would be a vote in parliament this weekend. on monday morning, she announced the critical vote would be postponed. jason: on wednesday, parliament held a vote of confidence on her leadership. she survives, but time is running out for her to make a deal with the eu. carol: bloomberg's senior executive editor, john fraher, wrote about brexit. he joined us from london. john: what i tried to do with this piece was take a look at 10 years out from now, and imagine and think through the consequences of what sort of country britain might become 10 years after brexit now. a lot of that is how you imagine britain to look in 10 years time. a lot of it depend

♪ carol: welcome to "bloomberg businessweek." i am carol massar.his week's special issue focuses on businesses and companies and industries working on improving what they do. and it is the end of an era at goldman sachs. we take a look at the legacy. but we start in the economic section this week. many experts are predicting a global growth slowdown in the coming year. that did not deter simon kennedy from making a bowl case for 20 -- bull case for 2019. he joins us now in london. let's first start, it is a pretty depressing environment. that is the psychology out there right now. simon: it is important to simon: it is important to differentiate between bull and bear cases. if i could make market calls, i would be a rich man somewhere else. but this is not the core of the market. it is a case for the defense, the global economy. the market seems to be testing that case as we enter the new year. in some ways, the global economy is slowing. it is perhaps more cresting than slumping. there are some good points to make when arguing on our economy. it i

[applause] carol: significant.ry clinton had won, would we be having the same conversation? erin: we would not. we looked at the landscape and looked at where we could add work to a logical place for women to start. people could get a feel of what it was like to run for office. we launched that program before the 2016 election. we were assuming that hillary clinton was going to be elected president and our work was going to be much harder. we had plans for how difficult it was going to be to get into the program. election day came and went. i was thinking of rewriting everything we were doing, and then the floodgates opened and we got thousands of women in the program pretty immediately. carol: when we thought of what women might running -- be running for president in 2020, some of the usual suspects came out, warren, harris. jason: another prominent woman in politics over the past year was sally yates. she was fired by president trump for refusing to defend that travel ban in 2017 when she was the acting attorney

carol: and i'm carol massar.ve a a few extra million, elite universities will be last to invest it for you. we look at the rise of donor advised funds. jason: and he might have some extra time to read over the holidays. we have a book review in pursuits. carol: and our cover story on cryptocurrencies, we touched on it earlier with joel weber. there is a lot more to say about it. jason: max chafkin was in charge of this section, and we got his perspective on cryptocurrency's rise and fall. max: i will take you back to wind the price of the coin $20,000 in 2017. for everyone, that was a crazy moment because it is this assets that does not really mean anything, is not worth anything, that was suddenly bought not just by institutions, but regular people. people were quitting their jobs -- people i knew were quitting their jobs and doing things in crypto. the price has come way down and we wanted to take a minute after the crash and assess what happened, and basically commissioned some stories that tried to make sense

i am carol massar.jason kelly and me for bloomberg businessweek every day on the radio 2:00 to 5:00 p.m. wall street time. you can also catch up on our daily show. just check out our podcast on itunes soundcloud and bloomberg.com. andyou can find us online on our mobile app. this week's special focuses on good business. the story in the finance section dives deep into an investing trend that claims to be doing good. esg stands for environmental and social governance, in other words, funds that promote a better world. in fact, they are often not what they are cracked up to be. we spoke with rachel evans. rachel: you'll find that some of these things are not as much oriented with of environmental and social items as you think. we found one fund that had exxon mobil as its largest holding. it is also the one being sued by the new york regulators for lying to its shareholders about climate change costs, so it has a few issues on the environment and governance side. exxon mobil is in there. phillip morris, t

this is bloomberg businessweek. ♪ carol: welcome back. i'm carol massar.son kelly and meet for bloomberg businessweek every day on the radio. you can also catch us on our show by listening to our podcast on itunes, soundcloud, and bloomberg.com. you can also find us on this week.com and our mobile app. a couple stories featuring names looking to do things differently. dreamworks founder jeffrey katzenberg and tesla's elon musk. we caught up with our tech editor. >> over a handful of years that elon has been talking about this , growth in urban areas in the u.s. has fallen in half while growth to suburban areas quadrupled. carol: is that while? we keep -- wild? we keep hearing people want to move in cities and is not the case. >> even millennials that are having kids are looking to move out into more of a yard and fence situation, not just because they are priced out, but they want to live further away from everybody. jason: and so what did we take away from the little tour that elon gave? we felt like there were mixed reviews, what people saw in los angele

that's when carol became her word obsessed. if the police couldn't track down her daughter's killer, well, then she would. >> the anger just surged through me. and that's when i went to the streets and i literally put 60,000 miles on my truck searching for her killer. >> you put yourself in harm's way? >> oh, absolutely. i remember going to a place and the lady said you need to leave before somebody hurts you. >> that's how the days and weeks passed. i had a gun put to my head one night. >> in a frenzy of new leads that never panned out, but carol often ended up parked outside the apartment where angie was murdered. i would just stare at that house and stare at the windows and try and figure out how scared she must have been. >> something else carol couldn't stop doing, reading police reports. practically memorizing them. >> i don't sleep and i get up and i just go, what part of this don't i understand? >> it didn't make sense. >> none of it made sense. >> and in one of those reports, carol found a phrase which, the more she re

i am jason kelly alongside carol massar. carol. carol: yes? are trying to make sense of today in this year, there is one man who jumped into our mind who could make sense of all the crazy, especially corporate stories of the year. jim ellis is the assistant editor of "bloomberg businessweek." he has his hands on all the big stories that have moved us through nationa -- i have to say, what a year for ceo's and company news. jim: this has been come after a long time when people thought that the year was going to build around technology or finance and markets, this is the year when company news became hot again. unfortunately, a lot of that was not good news. this was the year of tesla in a lot of ways, and it was not the pretty tesla news that they would like to have seen. we have this big, messy company that suddenly commended headlines with this notion that tesla is the best that american business can be. that is scary when you think about what they went through this year. carol: we used to kind of joke that there wasn't a week that went by --

carol has been meditating all afternoon. carol: what he is saying?ig-time, and i feel like there has been a lot of research and worked on. what it does to help you focus, what it does to help to deed stress yourself -- destress yourself. jason: we talk a lot about the world of fitness and wellness, and one of the most interesting intersections is when all of those efforts come together with science. chris is cofounder and chief technology officer of muse. he's here with us in our bloomberg studio in new york city. great to be with you. chris: likewise. jason: this is really cool. meditation is something so many people are interested in, you guys have taken into the next level on understanding how your brain is reacting and telling people. chris: absolutely. jason: how does this work? chris: it's simple. the brain is an electric organ. by putting sensors on a simple headband, we measure the brain's signals that your mind produces naturally. we can read it just from the surface of your skin. in some ways, it's like a sensitive voltmeter and picks up th

carol: a great story. interesting is that each of the stories takes into where regulators are. how companies in the sectors are trying to say it look at what these guys are doing. but i don't feel like you guys necessarily have a story dedicated to regulatory oversight because they are still finding their way. max: we have been waiting years and years for regulators to bless this, if they have not. it is hard to know exactly what it is, but the most obvious explanation is that there is still a lot of shady stuff out there. this technology is not really important and potentially world changing, it is also scary. you mentioned the story about the marshall islands, but that is another story where we have republic of the this marshall islands, this tiny country in the middle of the pacific, embracing a cryptocurrency. it appears, getting burned on. jason: as we heard from max about the fascinating cryptocurrency issues, btm's. atm's the take cash in exchange for bitcoins or other digital currency. we spoke wit

carol: a great conversation.an get more in an upcoming episode on the david brewer signed show. -- david rubenstein show. will: more than 100 women be sworn into the u.s. congress and 2019 -- in 2019. carol: you had organizations that were incubators of sorts, and splitting up to support women in congress. one nonprofit is devoted to helping women pursue public office. the loss of hillary clinton in 2016, it has set the stage in 2018. >> i've been working in politics and womener of years, are proving their viability to institute -- viability to institutional players. i look at all the money that goes into politics. i look at the hours spent. more often than not, we are going backwards in representation. the research shows that the number one reason why women aret run is because they not recruited and encouraged at the same rate as men. you have men represented and elected in office. is harder for women to break into that. in 2011, we wanted to figure out a way to provide men and women alike an opportunity to tell

carol: and on carol massar. -- and i'm carol massar.viduals solving problems, including the mayor of flint, michigan, and the person working on saving new york subways. carol: first, we have to talk about politics. guest is one of the world best-known political historians. jason: david rubenstein hosts eponymous show on bloomberg television. he sat down with doris kearns goodwin to talk about her book on leadership. carol: this contains lessons for business leaders as well. doris: leadership is about human nature and the way a businessman or a politician builds a team. are you able to build a team of people with diverse opinions and bring that team together at critical moments? this is what abraham lincoln and franklin delano roosevelt did. eleanor roosevelt was always willing to question his presumptions and speak truth to power. i think any team needs that, in business or not. they said about her that whenever she wanted something done, she would bring a person he didn't want to speak to to the dinner table because he brought in an al

carol: this is "bloomberg businessweek." ♪ carol: welcome back.ason: you can join us every day on the radio. and catch up with our podcast. atol: find us online businessweek.com. general electric this is bloomberg. insurance isric's a big cash drain. jason: as it sells off assets, you see in black the cash thrown off i portfolios. -- by portfolios. h gets thrown off dramatically through these planned investments. carol: the other quandary is how it reports earnings. aylor forto tailor -- t another take. taylor: the generally accepted accounting principles gets very generalted because of electric's structure and how complicated their business is. we show that income incomebility -- net profitability. that income look positive if you report it on an adjusted basis. bitied to hedge my bets a and to start at the top line. thecan't play around with numbers. carol: great stuff. as ge stumbles, we saw debt buyback under threat as creditors begin to get more demanding. jason: we have more on the company that jack welch built. thate thing right now is he h

carol: u.s.anks were supposed to benefit by a higher rate environment, in terms of margins and so on, >> and we are not seeing that. we didn't see that. one of the first things i did is look at the financial statements. bank of america is having a record year in terms of earnings and profits. they have managed to find their way through this morass. investors were looking for a benefit from rates. carol: bank of america, 18%. >> why? they are having record profit. they are having some issues with investment banking, but the bank is doing well. tastebig banks with rod businesses have found a way to make money. brought-based businesses have found a way to make money. carol: we need that for things to improve. >> financial institutions are an important component of the real economy, and we want them to be strong to dissipate in global growth in the so you want strong financials. david: he did save they did make money off the increased rates. they have record profits. he said the stock will take care

carol: strong.se of the tech bubble, when spending declined, it has been positive. that level of stability is what we are looking at, which supports the line behind the subscription-based models which is about recurring revenue. microsoft used to have 40% of revenue recurring. now it is 60%. goldman expects close to 70% in the next several. that is an example of business models that have shifted toward more stable revenues. that is what we're looking for in uncertainty environments. the economy is decelerating. it is still growing. it is decelerating. the value of recurring revenue is important. carol: great visibility. you can see with recurring revenues, this commitment. where do you not want to be? david: the concern about the decelerating economy, what is negative leverage? materials. some areas within consumer. we have slowing rate of job growth. we are still growing but there are fewer jobs. when you look at earnings revisions for this quarter and 2019, we see a steeper vision. we have not see

carol massar along with jason kelly. we want to bring in joe weisenthal, joining us for the next hour and a half. good to have you here. we were just talking about the markets rebounding from those lows. it is a no-no to quote the dow in points. we are down 73 points. a pretty big bounce back. what is interesting is, when you look at the resilience we saw in the market yesterday, it's easy to forget we were actually in the red early on the day yesterday. maybe it gives people a little bit of hope that we are reversing some of the trends in which previously, up until the last couple of days, nothing good can be sustained. bitterly since i started this answer, stocks have rallied even more. i'm just going to keep talking. [laughter] how long do we have, 25 minutes to go. jason: you are going to will it to happen. you are powerful on twitter and now you are literally moving markets. carol: let's talk a little bit about gaming. we do have in a start in the house. he covers the gamers and he joins us now. i was looking at som

carol: right. jason: mr.mp telling reporters that many people want that job, but also at the same time saying shanahan could be in the job for a long time. we have another acting member of the administration, mick mulvaney, as the acting chief of staff. the president not shy about that. also, we have an acting attorney general at the moment, even though he has named a new person to that job. carol: all of the news on this wednesday putting a different tone to the financial markets. we have stopped pretty much at their highest of the day. one of the things we talked about a lot in 2018 was esg investing. it came up in many of our investment interviews. jason: there seems to be a marked shift between esg as we have thought about it to impact investing and the people at bloomberg who watches this is an esg analyst. great to be with you. thanks for joining us. as we go to 2019, etf's are a is coming to the floor. tell us how. >> what is interesting is increased pressure and competition are set to confront esg. th

carol: we will talk about technology. t munster, veteran tech and edgy -- analyst has a call on apple. he says that is the one to watch. jason: scott kessler at cfra, he will be with us. people talk broadly about how that broadero selloff that we are seeing. and what we might expect from 2019. we have been talking about it a lot. earnings around the corner. thel: we have to hear from ceos about what is going on, the outlook, what is on their minds. and their thoughts on 2019. whether or not we are hearing recession talk. all of that to come on "bloomberg businessweek." it is time for a bloomberg business news flash. >> thanks. i'm uma pemmaraju with your bloomberg business flash. elon musk asking a judge to throw out a lawsuit by a man who he calls a pedophile on twitter. musk is saying it was an over-the-top tinseled. no reasonable person would take it seriously. he criticized his offer of a mini submarine to help extract the boys as a "pr stunt prompting musk to insult him online. the u.s. federal trade commission filed

of course we are absolutely won fair and square and i think i'm pleased that carol actually said that people's votes were based on opinions that they had previously formed there is no way that i was campaigning in the streets of the north of england in the early and blackpool in the middle and the home towns that i grew up in that we were being funded by the russians had some sort of dark money from some organizations in the united states but where i do have a problem with carol's assessment is there was no connection between vote leave and leave the e.u. in fact there was the opposite there was a complete hatred between those like karen banks and those who were leading the vote leave campaign there was no way in heaven that these people would have been collaborating with one another stephen what about carroll's point about overspending both levy you and the holy fire in the new accorded to the police by the electoral commission into factors and the main thrust of carol's argument is that nigel for odd was involved in some sort of illicit campaign with the russians to fund a campaign

carol: great discussion.annockburn chris wolf up first republic private wealth management. they will stick with us. the recent ride-hailing ipos. uber filing for an initial confidential offering. take that lyft. this is bloomberg. ♪ alix: time for bottom line where we look at three companies worth watching. at $120 is uber ipo million -- $120 billion. second biggest ipo in history. carol: we have been awaiting this one. it is their telecom asset. -- a bighe ipo market tech name we have been watching for a long time coming into the public market. alix: i agree. carol: 10 display a little quirky. this stock under pressure. down about 10% in the tokyo trade. they are a big supplier to apple. concerns about the apple iphone, we are continuing to see that play out with company suppliers. not only is japan display down but corvo and skyworks solutions taking a hit in the premarket. keybank also downgraded corvo and skywards. alix: another company we are .tching is .> the ceo is stepping down this is not surprising

these carolers hoping to make the job easier. >> i was surpnised. it's. really, really nice.e it. >>o supporthe patients and let them know you're thought of. you're not in that chair by yourself. people are praying for you, rooting for you and you're ors.ly war ♪ ♪ >> reporter: and the carolers say they hope to make this a holiday tradition and d this every year for years to come. in waldorf, amee cho, news 4. >> truly a day of giving. also a day of cold and you're promising some rain. >> why change it at this point? we are the wettest year on record by far. probably dry tomorrow. but as we look to friday, another storm system is going to likely bring around an inch or more of rain to the area. so a lot of folks getting out there and enjoying the nice dry weather today. washington harbor at the there.town waterfront you can see kiddos out there ice skating for the holiday. there ase cloudy skies well. we had generally increasing clouds throughout the day todayg now, t will clear out and that sets us up for a pleasant day tomorrow on your wednesday. raveling tomorrow, maybe yo

a christmas carol, are you a fan? i have to admiti carol, are you a fan?aven't seen it. have you seen it on screen? no, i haven't. nina, ican‘t seen it on screen? no, i haven't. nina, i can't believe that! it is 175 years old and you haven't seen an adaption. i wonder if anyone else out there... there are certain gaps in information which i might want to fill up. it's a fantastic story. i recommend it. it is a great read. 175 years old. so many different adaptions, so many movies. as i say, i saw it at the old vic. maybe you should go there. it is a sort of iconic christmas story that many associate with christmas. interesting, it sounds more like a ghost story and it turns into a christmas story, which makes it sound... this headline, incredibly cosy and incredibly creepy, which i thought, yeah, it is a little bit like that, depending on which version you see, which move you what, even the muppets have had a go ata what, even the muppets have had a go at a christmas carol. thank you so much for coming in for the business briefing. just to say, we are keep

we have carol's carols. yeah, we have.ven better, and carol kirkwood. we will be here on breakfast, tomorrow morning, christmas day from 6am, i can hardly wait! laughter. see you tomorrow, and in a couple of minutes. time now to get the news, travel and weather where you are. good morning from bbc london news. i am alice solfied. london's mayor has called for charity—worker nazanin zaghari—ratcliffe to be released from prison in iran today, in time for christmas. sadiq khan met her husband richard to offer his support. the british—iranian from west hampstead, who turns 40 on boxing day, was jailed two years ago after being convicted of spying, which she denies. rail passengers travelling both in and out of the capital today are facing disruption. london paddington and euston station are closed, and planned engineering work will affect liverpool street station as well as many of the major lines. the family of a woman who was critcally ill with leukamia are preparing to welcome her home for christmas after raising thousands

of course we are absolutely won fair and square and i think i'm pleased that carol actually said that people's votes were based on opinions that they had previously formed there is no way that i was campaigning in the streets of the north of england in the early and blackpool in the middle and the home towns that i grew up in that we were being funded by the russians had some sort of dark money from some organizations in the united states but where i do have a problem with carol's assessment is there was no connection between vote leave and leave the e.u. in fact there was the opposite there was a complete hatred between those like karen banks and those who were leading the vote leave campaign there was no way in heaven that these people would have been collaborating with one another stephen what about carroll's point about overspending both levy you and the holy in reported to the police by the electoral commission and the fact is the main thrust of carol's argument is that nigel for she was involved in some sort of illicit campaign with the russians to fund a campaign to undermine b

carol let me start with you as a result of your own investigative journalism you have criticized the way in which the bricks at referendum in the summer of twenty sixteen was conducted that's when fifty two percent of the public voted to leave as opposed to forty eight percent who voted to stay do you believe that brooks's vote was tainted well i think it's absolutely know that that the vast majority of people voted the way that they did because of their very strong and genuine views that is absolutely not in doubt and never question that at all there are now multiple criminal investigations i think the last count there actually nine ongoing serious or criminal investigations into laws that were broken during the campaign so that includes illegal overspending illegal coordination of campaigns illegal use of data and then that we've got this extraordinary revelation that the the biggest sum of money spent you in the referendum campaign that was supplied by our own banks this were still businessman who supported nitrile for our shoes campaign the electoral can commission looked at that

carol let me start with you as a result of your own investigative journalism you have criticized the way in which the brics a referendum in the summer of twenty sixteen was conducted that's when fifty two percent of the public voted to leave as opposed to forty eight percent who voted to stay do you believe that brooks vote was tainted well i think it's absolutely know that that the vast majority of people voted the way that they did because of their very strong and genuine views that is absolutely not in doubt and never question that at all there are now multiple criminal investigations i think the last count there actually nine ongoing serious or criminal investigations into laws that were broken during the campaign so that includes illegal overspending illegal coordination of campaigns illegal use of data and then that we've got this extraordinary revelation that the the biggest sum of money spent you in the referendum campaign that was supplied by our own banks this were still businessman who supported nigel for raj is campaign the electoral can commission looked at that donation

and for many people, it's simply the carol which means christmas.m canterbury is guaranteed to. what looks like almost the entire town has been led by the archbishop carol singing, every inch of the town centre filled with crowds harking the heralds. what a wonderful site. 0k, here's chris's weather with darren that. hello there, the main hazard is going to be fog. picking up near eastern england and the midlands. further west clouds are

the carol is 200 years old this christmas and it comes from austria.e village of oberndorf near salzburg. the original church doesn't exist anymore. it was badly damaged by floods at the end of the 19th century and had to be demolished. this little chapel was built in its place. a priest called joseph mohr wrote the words. he asked franz xaver gruber, a schoolteacher and an organist, to compose the melody. according to legend, the church organ had broken down, damaged by mice chewing at the bellows, so they had to sing it with this guitar. but historians believe that the mice and the broken organ are probablyjust a myth. it was with the guitar more people—friendly, and with an instrument which was very common outside, of course, the church. you can take the guitar wherever you go, and, therefore, also the song itself was known very quick all around the world. silent night quickly spread across europe and on to the united states. it was sung across the trenches during the first world war, and for many people, it's simply the carol which means christmas.

a christmas carol.istmas carol, published exactly 175 years ago and they all sold out within five days. and while it would be going too far to say dickens invented a victorian christmas, he certainly, for millions of us, defined what christmas should be. he certainly gave christmas a meaning which it hadn‘t had before. he says, "it‘s the only time in the long calendar of the year that i know of that men and women open their closed up hearts freely and think of those below them as fellow passengers to the grave." a christmas carol, by charles dickens. who are you? what do you want? the story of scrooge and his night of ghostly encounters goes down through the generations. what do you want with me? much. there have over the years been 73 film and tv adaptations. and marking today‘s anniversary, a display at the london pall mall gallery. this lost portrait was rediscovered in south africa, much to the delight of charles dickens‘ great—great—great—granddaughter. this is what he looked like when he wrote a c

a christmas carol.gently because this is an original, a christmas carol, published exactly 175 years ago and they all sold out within five days. and while it would be going too far to say dickens invented a victorian christmas, he certainly, for millions of us, defined what christmas should be. he certainly gave christmas a meaning which it had not had before. he says, "it is the only time in the long calendar of the year that i know of that men and women open their closed up hearts freely and think of those below them as fellow passengers to the grave." a christmas carol by charles dickens. who are you? what do you want? the story of scrooge and his night of ghostly encounters goes down through the generations. what do you want with me? much. there have over the years been 73 film and tv adaptations and marking today's anniversary, a display at the london pall mall gallery. this lost portrait was rediscovered in south africa, much to the delight of charles dickens‘ great—great—great—granddaughter. this

it's one of the worlds favourite christmas carols.'s familiar. we learned that we we re a ever. it's familiar. we learned that we were a child, and everyone sings it. the carol is 200 years old this christmas, and it comes from austria. this is where silent night was for song on christmas eve 1818 ina was for song on christmas eve 1818 in a village near salisbury. the original church doesn't exist any more, it was badly damaged at the end of the 19th century. this little chapel was built in its place. a priest called joseph wrote the words. he asked a school teacher and organised to compose the melody. according to legend, the church organ had broken down to my damaged by mice chewing at the bellows so they had to sing it with his guitar. but the historians believe the mice and the broken organ are just a myth. it was with the guitar more people friendly, and it was more common with people outside the church. you could take the guitar we re ever you church. you could take the guitar were ever you go, church. you could take the guitar

the country, as part of carol's carol'.od morning with your brass band behind you. how are you? good morning, great to be here at salford quays this morning. behind me, the band of the welsh guards, we will hear from them later. band of the welsh guards, we will hearfrom them later. windy band of the welsh guards, we will hear from them later. windy this morning, just to gale force if not gale force itself in exposure and rain in the forecast. if you're travelling, bear that in mind. the rain is moving from west to east and you can see in the pressure chart we have a cold weather front moving west to east, but look at the isobars. that tells you that it's pretty windy, not just with exposure in the west but wherever you are. first thing we've got heavy rain coming in from the west, squally winds around it and it's going to continue to push eastwards. not getting into east anglia and the far south—east of england until much later. as it clears from the west, it will dry later. as it clears from the west, it willdry up later.