Nightline (ABC) - 2009-02-20

Channel: malgent

Transcript

Language: English (original, YouTube automatic captions)

[0:04] Tonight on Night Line, how to lose a

[0:06] home in 10 seconds. We visit the judge

[0:09] who slams the gavl on 200 homes a day.

[0:12] But tonight, you be the judge. Should

[0:15] these people get a bailout and lap of

[0:18] luxury, it's fashion week, and Night

[0:20] Line drops in for a rare interview with

[0:22] icon Giio Armani, the creator of an

[0:25] empire and a lifestyle. But can anyone

[0:28] still afford a $40,000 dress? Plus,

[0:32] movie star cheap. Oscar night is upon

[0:34] us, and the biggest actors on the silver

[0:36] screen are out in force. But the golden

[0:39] age of Hollywood may be losing some of

[0:42] its shine.

[0:44] From the global resources of ABC News

[0:47] with Terry Mor in Washington, Martin

[0:50] Basher, and Cynthia Mcbaten in New York

[0:52] City. This is Night Line, February 20th,

[0:56] 2009.

[0:58] >> Good evening everyone. I'm Terry Moran.

[1:01] It's Friday. We've reached the end of

[1:03] another week when the plunging US

[1:05] economy dominated the headlines. But

[1:08] this has also been a week of action.

[1:09] President Barack Obama won congressional

[1:12] passage of his massive economic stimulus

[1:14] bill before turning to the housing mess

[1:17] and his plan for relief of homeowners in

[1:20] trouble in the foreclosure crisis.

[1:22] Florida is on the front lines of that

[1:24] crisis and it's in a Florida courtroom

[1:26] that we begin tonight. A place where

[1:28] troubled homeowners plead their case and

[1:31] usually lose as Vicky Mabry reports in

[1:34] our series realy check.

[1:38] >> So you acknowledge you're behind in the

[1:40] payments, you're not in the home and it

[1:42] needs to go into foreclosure.

[1:44] >> Yes.

[1:44] >> This morning, Judge Hugh Starns heard

[1:48] 123 foreclosure cases in just two hours.

[1:53] I'm sorry.

[1:56] >> It's been called the rocket docket.

[2:00] >> The assembly line is working.

[2:02] >> This court in Fort Myers, Florida, where

[2:04] the foreclosure rate is one of the

[2:06] highest in the nation. At times, they

[2:08] process a thousand cases a day.

[2:11] >> I will enter the summary final judgment

[2:14] of foreclosure, foreclosure,

[2:16] foreclosure. With a backlog of 30,000

[2:19] cases still pending here, the court has

[2:21] called judges like Starns out of

[2:23] retirement.

[2:24] >> I have been a judge for 30 years and

[2:28] I've never seen anything like this.

[2:30] >> I am no longer in the house.

[2:32] >> Okay.

[2:33] >> I have to

[2:36] My husband passed away.

[2:38] >> Well, I'm sorry to hear.

[2:39] >> And the debt just kept getting higher

[2:42] and higher.

[2:45] What's your emotion as you're sitting

[2:46] there going through these cases and the

[2:48] people appear before you?

[2:49] >> I would have to say it's depressing

[2:52] >> to see that um people are in such

[2:55] difficult straits.

[2:57] >> This week, President Obama talked about

[2:59] a crisis that is crushing the American

[3:01] dream. It's a crisis that strikes at the

[3:03] heart of the middle class. The homes in

[3:06] which we invest our savings and build

[3:08] our lives, raise our families, and plant

[3:12] roots in our communities.

[3:14] >> There's no better place than here to get

[3:15] a snapshot of what he means.

[3:18] >> I can't believe that I'm 60 years old

[3:20] and lo losing my home today.

[3:21] >> The frustration,

[3:23] >> what Mutual and the rest of these banks

[3:25] are doing to us is is absurd. the anger

[3:28] >> that this is crap about they're trying

[3:29] to work with people

[3:30] >> and the relief of finally letting a bad

[3:32] debt go.

[3:33] >> Oh, I wanted to take that home and shove

[3:35] it.

[3:36] >> The judge says that after the Obama

[3:38] speech, the court was asked by at least

[3:40] one bank to put its foreclosure cases on

[3:43] hold.

[3:43] >> All of the cases where Wacovia held the

[3:46] mortgage, they were withdrawing their

[3:48] requests for a foreclosure. I hope it's

[3:51] a hint that President Obama's uh

[3:54] proposals are being studied by the

[3:56] banks.

[3:57] >> If the banks are going to work out more

[4:00] deals with people and try to keep them

[4:01] in their homes, it seems like your

[4:03] docket may be getting lighter.

[4:05] >> It could be. And we may have a win-win

[4:07] situation if if there is relief.

[4:10] >> The hope is maybe, just maybe, it will

[4:13] help people stay in their homes, but

[4:15] it's too late for people like Betatina

[4:17] Gil. that the affidavit shows that the

[4:20] uh mortgage is in default and that

[4:22] they're entitled to a foreclosure

[4:24] judgment.

[4:24] >> I've been working with a real estate

[4:26] agent for the past year. They have

[4:28] currently five offers sitting on their

[4:30] table for short sale.

[4:33] >> But Tina took us to the house she's

[4:35] losing. She gave up and moved out a year

[4:37] ago after values in her neighborhood

[4:40] plummeted to less than half of what she

[4:42] paid in 2005. How much is your house

[4:45] worth right now?

[4:47] 50,000.

[4:48] >> And you paid how much?

[4:49] >> 200 and something,000. 210.

[4:52] >> And it's only worth 50,000 now.

[4:54] >> 50.

[4:55] >> She wishes the housing plan had come

[4:58] along earlier to help her and her

[5:00] neighbors keep their community alive.

[5:02] >> Everybody's gone. It just has that ghost

[5:06] town feel to it.

[5:07] >> Yep. This house back here, that's a

[5:10] rental. I know that one was purchased

[5:13] back when the land and everything was

[5:15] cheap. people down there had a U-Haul

[5:18] come in, packed their stuff, and went

[5:20] away.

[5:20] >> 59.

[5:21] >> What she asked the judge for today was

[5:24] more time to arrange a short sale to

[5:26] keep the foreclosure off her record.

[5:28] >> So, I'm just asking for 90 days at least

[5:31] so that the bank can go through these

[5:32] offers because you're not going to sell

[5:34] the home for anything more than what

[5:36] these offers are right now. 90 days

[5:39] would be uh

[5:42] not really a a correct exercise of my

[5:45] discretion. I will make it based on what

[5:48] you said in 60 days.

[5:49] >> Okay.

[5:50] >> And you can continue to negotiate.

[5:52] >> Time runs out every day for hundreds of

[5:55] homeowners here. But as prices fall,

[5:58] it's actually fueling a mini boom.

[6:01] >> We've had the busiest fourth quarter in

[6:03] 2008 than we've ever had. So the

[6:06] market's actually a frenzy. It's hotter

[6:07] than it's ever been.

[6:09] >> Real estate agent Andrew Kvassic buys

[6:12] foreclosures for investors who fix them

[6:14] up and sell for a profit.

[6:16] >> But isn't that what happened? What got

[6:18] us into this mess?

[6:19] >> The government um before forced lenders

[6:21] to make loans to people that couldn't

[6:24] afford or pay back the loans. And over

[6:27] time now um when they've done that, what

[6:28] they've done is they've created an

[6:29] artificially high market. He just bought

[6:32] this house yesterday for an investor and

[6:34] already there's a crew in sprucing it up

[6:37] to go back on the market.

[6:38] >> It's going to take about $18,000 to get

[6:40] it fixed up and then once it's fixed up

[6:42] the market value on it is about

[6:43] $140,000.

[6:44] >> How much did this house sell for to the

[6:47] last homeowners?

[6:48] >> Sure. This house sold originally in May

[6:50] of 2006 for $327,000.

[6:54] >> And you bought it at a foreclosure sale

[6:56] at the courthouse here for how much?

[6:58] >> $84,000 yesterday. Do you feel sorry for

[7:01] the people who lost this house?

[7:02] >> The fact of the matter is they they

[7:03] purchased the home u with 100% financing

[7:07] um the last 12 to 14 months they didn't

[7:10] make any mortgage payments on the home.

[7:12] So they basically lived rentree for

[7:14] about a year year and a half and before

[7:17] they left they stole all the appliances

[7:18] and as you can see they took all the

[7:19] light fixtures. So I mean in this

[7:21] particular case I mean I think the

[7:23] people actually wound up pretty good.

[7:25] It's too late for some, but the hope is

[7:28] that the housing plan will keep many

[7:30] other owners and their neighbors in

[7:33] their homes. This is Vicky Mabberry for

[7:35] Night Line in Fort Myers, Florida.

[7:39] >> Tough times and the problem is a deep

[7:41] one. Thanks to Vicky Mabberry for that.

[7:43] When we come back, we'll switch gears.

[7:45] Something a little lighter. Can high

[7:47] fashion survive these tough times? It's

[7:50] the Night Line interview with style icon

[7:52] Giio Armani and we ask him just that.

[7:57] >> ABC News Night Line brought to you by

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[11:06] High fashion is big business. 10 billion

[11:09] dollar industry in New York alone. And

[11:11] the fashion week now wrapping up in

[11:12] Manhattan felt the economic crunch with

[11:15] some no-show designers. But over on

[11:17] Fifth Avenue, where the venerable

[11:19] retailer Sachs is slashing prices, a

[11:22] very big, very expensive Giorgio Armani

[11:26] store opened this week. And my co-anchor

[11:28] Cynthia McFaten was there to ask the

[11:30] designer if he may be making a terrible

[11:32] mistake.

[11:37] The rest of the world may be filled with

[11:39] gloom and doom about the economy, but

[11:41] there are no dark clouds permitted in

[11:44] the Armani sky.

[11:46] >> Flash bulbs, yes, sequins for sure.

[11:50] >> This is Armani. And you have to check

[11:52] out these shoes.

[11:53] >> Oh my gosh, look at those shoes.

[11:56] Comfortable. They're Well, they're not

[11:57] taking nothing. Nothing that looks this

[11:59] good is that comfortable.

[12:01] >> Celebrities plenty. I think he's the

[12:04] universal language honestly and there

[12:06] isn't a person in the world who I mean I

[12:09] don't think who hasn't heard of George

[12:10] Armani.

[12:11] >> Such hyperbole aside he is the richest

[12:14] fashion designer on the planet the sole

[12:17] owner of the Armani empire which

[12:19] reported sales last year of $2.1

[12:22] billion. Part of the success came by

[12:25] turning the red carpet into his runway

[12:28] dressing celebrities from Julia Roberts

[12:30] to Kate Blanchett. His niece Roberto

[12:33] Armani works as his ambassador handling

[12:36] their celebrity clientele.

[12:39] >> The red carpet is a major has a major

[12:41] impact major. We just dressed Angelina

[12:44] Juliet the BAFTA in London and she had

[12:47] an Armani pre gown and after that all

[12:50] the clients from Paris called they

[12:52] wanted the same gown. How much how much

[12:54] would that sell for?

[12:55] >> $40,000.

[12:56] >> $40,000. That there are still people

[12:59] willing and able to buy such dresses is

[13:01] astonishing at a time when most folks

[13:03] are worried about just keeping their

[13:05] homes and their jobs. But according to

[13:07] Armani, there are still customers for

[13:09] even the highest of the high-end. We sat

[13:12] down for a rare television interview at

[13:14] his new 43,000 square foot mega store on

[13:18] Fifth Avenue.

[13:19] >> Is it rude to ask how much it cost?

[13:22] >> I don't have a precise idea, but I do

[13:24] know that it's expensive.

[13:26] >> Very expensive. A similarsized store in

[13:28] Tokyo cost nearly $ 38 million according

[13:31] to the company's annual report. So how

[13:35] to keep people buying?

[13:36] >> Are you confident of that that even

[13:38] people that people with money are going

[13:39] to continue to spend for luxury brands?

[13:42] >> Where would they put their money?

[13:44] >> But luxury has come under siege. Experts

[13:47] believe that in the coming year the sale

[13:49] of luxury goods could plunge by$13

[13:53] billion worldwide. Patrick McCarthy runs

[13:56] the Fashion Insiders Bible, Women's Wear

[13:59] Daily.

[14:00] >> I think this moment in the fashion world

[14:02] is the worst moment I've ever

[14:03] experienced, and I think it's probably

[14:04] the worst moment anyone's experienced.

[14:07] >> Retailers have certainly been suffering.

[14:09] Shops up and down Madison Avenue have

[14:11] been shuttered in the past few months.

[14:14] Will you look to bring prices down, Mr.

[14:16] Romani?

[14:17] >> No pain.

[14:18] >> I don't think so. No.

[14:20] >> This is not the ideal moment to open a

[14:22] new retail store.

[14:23] >> Very dangerous. very dangerous.

[14:26] >> But despite the danger, the show goes

[14:28] on. Yes, that is Caroline Kennedy

[14:31] helping cut the ribbon. She's here

[14:33] because Mr. Armani has donated a million

[14:36] dollars to art programs for kids in the

[14:38] Bronx as part of his thank you to New

[14:40] York. The city's mayor, Michael

[14:42] Bloomberg, is on hand as well to show

[14:45] his support.

[14:46] >> That we shouldn't be all doom and gloom

[14:47] and that this is still the fashion

[14:49] capital of the world.

[14:51] >> Tough time to open a new store, though.

[14:53] Well, you know, you want to do things at

[14:55] the bottom, not at the top. And I think

[14:57] his timing is going to turn out to be

[14:59] spectacular.

[15:00] >> So, you think people are going to buy

[15:01] $10,000 dresses?

[15:02] >> I'll have to check and see whether I

[15:04] ever did.

[15:06] >> Let me say I don't wear them.

[15:09] >> But plenty of women apparently do.

[15:12] Ammani's empire is vast with 5,000

[15:15] employees, 500 company owned stores, and

[15:18] 13 factories. I think the nature of

[15:20] George Armani's success is George

[15:22] Romani. I mean, if you've met him, you

[15:23] know he's a total control freak. He

[15:26] organizes everything.

[15:28] >> At 74, he says he has no plans to retire

[15:32] and has not selected a successor.

[15:35] >> He's very demanding. He's a tough boss.

[15:37] Is he Is he tough even with you? Does he

[15:39] tougher with the family than with

[15:41] anybody else? He never says bravo. He

[15:43] never gives you compliments. But by

[15:45] being like this, he has taught me how

[15:47] never to be like never take anything for

[15:49] granted.

[15:51] >> He seems aware of the effect he creates.

[15:53] People around him jump to try and please

[15:55] him to live up to his demands and

[15:57] expectations.

[15:59] >> Do you feel isolated to some extent, Mr.

[16:00] Romani?

[16:01] >> See?

[16:02] >> Yes. Because everyone has a lot of

[16:05] expectations.

[16:06] >> They look at everything I do from what I

[16:09] say, how I dress, what I eat, what mood

[16:11] I'm in. I feel kind of like a prisoner

[16:14] who's got those bracelets on that you

[16:16] cannot escape from.

[16:17] >> I am actually learning to live with it

[16:19] though.

[16:20] >> A lot of pressure.

[16:21] >> See?

[16:22] >> Yes.

[16:25] >> There is plenty of pressure these days.

[16:27] One way he hopes to buck the economic

[16:30] trend is to assemble all of his lines in

[16:32] one space, creating an egalitarian

[16:35] shopping experience. You see that dress?

[16:39] >> Beautiful.

[16:40] >> It costs $10,000. My goodness.

[16:42] >> This isn't for your money dwell.

[16:44] >> Mhm.

[16:44] >> Yeah.

[16:45] >> But the perfume is 55.

[16:49] >> Huh.

[16:50] >> Very nice.

[16:51] >> Still too much. You can have a piece of

[16:53] Armani chocolate for $5.

[16:56] >> These have been particular popular.

[16:58] >> Glenda Bailey is the editor of Harper's

[17:00] Bizaarre. He wanted to show all of his

[17:03] collections. He's as happy showing his

[17:06] jeans and his t-shirts right next door

[17:08] to his private line which of course is

[17:10] couture. He shows all this together so

[17:13] that you can spend depending on your

[17:16] budget. I think that's kind of

[17:17] revolutionary. All right. Come. How

[17:19] much? Com

[17:22] more or less $10,000.

[17:25] >> Is Giorgio Armani a genius or a fool to

[17:28] open a new huge retail operation in the

[17:31] midst of this economy? I think George

[17:33] Omani is a genius and the reason why I

[17:36] think that is because he understands

[17:38] that fashion reflects what's going on in

[17:39] our culture. He's always been one step

[17:42] ahead.

[17:43] >> According to McCarthy, there is another

[17:45] reason Armani is uniquely placed to

[17:48] weather the economic storm.

[17:50] >> He doesn't have stockholders overlooking

[17:52] his shoulder. I mean, the fashion

[17:54] companies that have gone public have

[17:56] always regretted it because Wall Street

[17:59] is the trendiest business in the world.

[18:01] They want to know what the sales are

[18:03] last week. And when you're private, you

[18:04] can do what you want. You can make those

[18:06] kinds of commitments, whether it's

[18:07] opening a new store, whether it's

[18:08] advertising, whether it's expanding into

[18:10] India or China, when you want to do it

[18:12] and how you want to do it. And that's

[18:14] why Georgman can do it in this

[18:15] environment.

[18:16] >> So bring on the celebs and the oho

[18:18] tasteful black.

[18:20] >> But it's such a bad moment in the

[18:22] economy worldwide. Did you think of

[18:24] pulling the plug?

[18:26] Bill,

[18:27] >> I did have a few doubts.

[18:30] >> And I still have them.

[18:32] >> How will you judge success here, Mr.

[18:34] Armani?

[18:39] >> How many shopping bags leave the

[18:41] building?

[18:42] >> One thing's for certain, you know, Mr.

[18:44] Armani will be counting.

[18:48] >> Well, Mr. Armani also told Cynthia that

[18:50] while other designers are trimming their

[18:52] staffs, he has no intention of laying

[18:54] off any of his employees. Our thanks to

[18:57] Cynthia for that. When we come back,

[18:59] it's the attack of the economy and

[19:02] Hollywood execs are going discount

[19:04] diving on the red carpet.

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[20:46] >> Sunday, Arnold Schwarzenegger speaks to

[20:48] George about California's massive budget

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[20:53] Obama's closest ally in the GOP, plus

[20:56] any end to the housing crisis. Watch our

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[23:06] Night Line continues from Washington

[23:08] with Terry Moran.

[23:11] Oscar night is Sunday and all of

[23:13] Hollywood's glitz and glam and beauty

[23:15] will be on display in the A-list

[23:17] celebration. Don't kid yourself, though.

[23:19] These stars of the silver screen are

[23:21] living the high life. But believe it or

[23:24] not, Hollywood is feeling the pinch,

[23:26] too. For John Donvan, that's a sign of

[23:28] the time.

[23:33] >> Let's talk big because it's days away.

[23:35] The biggest show in movies.

[23:38] >> The biggest prize, the biggest night out

[23:40] here in Hollywood. This town has big

[23:43] covered. Or does it? Big is what they've

[23:48] got hanging on the billboard just past

[23:49] the waterfall here outside Fox Studios.

[23:52] Mickey Ror's face. What is that? 7t

[23:55] high, 4t wide.

[23:59] The Wrestler, the movie that's reminded

[24:01] everyone this guy is an actor

[24:03] withstanding.

[24:05] >> Now this is big.

[24:07] >> You're my girl.

[24:09] >> Also big, Mickey Rock could win an Oscar

[24:11] on Sunday.

[24:12] >> Mickey. Mickey.

[24:13] >> He's already won a Golden Globe. That is

[24:16] big. But then there is small

[24:19] >> because small is what Mickey Rock was

[24:22] just offered for his next movie. Or at

[24:25] least that is how Variety reported it

[24:28] recently. A lowball opening offer of

[24:31] $250,000

[24:34] for a major role in Iron Man 2, which of

[24:36] course is a lot of money in the real

[24:38] world of real people, the people who

[24:40] stand behind the rope. But in Hollywood

[24:43] terms, where getting 2 million or 5

[24:46] million or in some cases like Will

[24:48] Smith, up to $20 million a movie, that's

[24:51] just the way the menu is priced. And a

[24:53] quarter million is almost an insult.

[24:56] It's not big. And it's not just Mickey

[24:59] Ror.

[24:59] >> I think the days of the $20 million

[25:01] payday are pretty much over.

[25:03] >> Darthy Pomerance covers the film

[25:05] industry for Forbes magazine.

[25:06] >> The stars in the middle are going to

[25:08] feel more of the pressure. Uh the 5 to10

[25:12] million range. The Reese Witherspoons,

[25:16] the Vince Fawns.

[25:20] It's also TV, as seen here. CBS's

[25:23] long-running crime series CSI. A lot of

[25:26] terrific actors in this show, but not so

[25:28] terrific that CBS shied away from asking

[25:31] all of the cast members to forego their

[25:33] raises next season. While over at our

[25:36] network, ABC,

[25:37] >> I wish you love,

[25:39] >> soap stars like Susan Luchi, seen here

[25:41] in All My Children, are reported to be

[25:43] taking pay cuts.

[25:45] >> Here, here. And while there have been

[25:48] ups and downs in the movie business for

[25:50] a century, agent Ron Bernstein has been

[25:52] around long enough to say that this time

[25:54] it is different.

[25:56] >> There is as deep an uncertainty about

[25:59] the world we live in as I can ever

[26:01] remember.

[26:02] >> I'm going to make them an offer can

[26:03] refuse.

[26:04] >> Bernstein brings books to Hollywood. The

[26:07] Godfather was his deal.

[26:10] >> So was Blackhawk Down.

[26:12] >> You must be bad.

[26:13] >> So was He's Just Not That Into You. He

[26:16] obviously knows how to negotiate, but

[26:18] here's how it's going right now.

[26:20] >> The studio recently made an offer that I

[26:25] almost dropped the phone.

[26:27] >> The thing is, he told me, Hollywood

[26:29] considered itself recession proof.

[26:31] >> My my point to you, which I can't make

[26:33] strongly enough, is Hollywood is not cut

[26:35] off from the rest of the world.

[26:37] >> Because it's not that ticket sales are

[26:38] down. In fact, they're pretty good. It

[26:41] is the almost complete disappearance of

[26:44] what this town calls dumb money. That's

[26:47] D U MB.

[26:49] >> Which is essentially somebody who thinks

[26:52] it's kind of glamorous and kind of they

[26:53] want to throw their money at Hollywood

[26:55] for the glamour of it essentially. Um

[26:58] >> not always a smart move.

[26:59] >> No, because it's dumb money.

[27:00] >> It's dumb money. Exactly. Uh and for a

[27:03] long time their Wall Street was the dumb

[27:04] money. You had these big hedge funds and

[27:07] if they threw a hundred million dollars

[27:09] at a slate of movies, that was like

[27:12] nothing for them. That's a rounding

[27:14] error.

[27:15] >> Well, we know what happened to Wall

[27:16] Street. And now lots of salaries are at

[27:20] risk here. Directors and writers and

[27:22] caterers and truck drivers. So Mickey

[27:25] Ror, he's not alone. But at least he

[27:28] gets that big picture. I'm John Don Van

[27:32] for Night Line in Hollywood.

[27:34] >> And thanks to John for that. We'll be

[27:36] right back.

[27:39] >> I got the call about hosting the Oscars.

[27:41] I actually haven't stopped wearing this.

[27:43] I don't want to give too much away, but

[27:44] there's a twist this year.

[27:46] >> The biggest movie event of the year.

[27:47] >> Anything can happen.

[27:48] >> Hosted by Hugh Jackman. The Oscars live

[27:51] Sunday, 8 Eastern, 5 Pacific on ABC.

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[32:00] >> New at 6. During his inauguration,

[32:02] President Barack Obama sounded the call

[32:03] asking Americans to get active in their

[32:05] own communities to find a cause and

[32:07] volunteer.

[32:09] >> To a lot of young people, we're hoping

[32:11] that a lot of those people will want to

[32:13] get more involved in their community.

[32:15] >> Our volunteers stepping up that story at

[32:17] six. An incredible sight and sound in

[32:20] Tokyo as 5,000 singers from all over the

[32:23] world gathered for a mega sing along.

[32:32] >> Singers as young as four and as old as

[32:34] 90 performed Beethoven's night symphony

[32:37] last night. They travel from as far away

[32:39] as the UK, Germany, and Brazil to

[32:41] participate. Amateur singers are

[32:43] selected on a first come, first- serve

[32:45] basis. They sound fantastic, too, don't

[32:47] they? Nightly News straight ahead with a

[32:49] special series on the economy. Meltdown,

[32:51] making sense of it all.

[32:52] >> Plus, Slum Dog Millionaire. Why it's no

[32:54] surprise that a lowbudget film has

[32:56] charmed millions of recession weary

[32:58] viewers.

[32:59] >> That and much more next on Nightly News.

[33:00] And we'll see you back here in one half

[33:02] hour.