Nigeria: TVC News

20260806 13:30 UTC · 00:31:00 · 517 transcript segments · GDELT Visual Explorer · plain-text transcript · Event Map

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Transcript

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00:00:00Join us on Diaspora Connect, a program that bridges the
00:00:04gap between Nigerians abroad and opportunities back
00:00:08home. Each episode showcases the inspiring
00:00:11journeys of grass to grace and the Brazilian spirit
00:00:15in the diaspora, from entrepreneurs
00:00:18of driving change to professionals investing in the nation's
00:00:21future.
00:00:22of Don't miss the
00:00:23of program every Saturday at 5:30 pm on TVC
00:00:27News. Together we're building bridges. that trends in our
00:00:31identity, our economy, our
00:00:34nation.
00:00:44Thank you for staying to now, Nigeria's stock market has started August a
00:00:48positive note, adding 289 billion na in
00:00:52value on the first trading day
00:00:54of the month. The gain reflects renewed investor
00:00:59of a interest as of the market continues to navigate. and volatility, the all share index rose by
00:01:030.18% to close at
00:01:05of 345,730 points, while market
00:01:11of a capitalization climbed above 158 trillion nalis attribute the recovery to bagain
00:01:14hunting and improved confidence among investors. the rally
00:01:18of was supported by gains in major stocks including mtn, algeria,
00:01:22vitaform, nascun, allied industry and first hold
00:01:26coal, however, market sentiments remain mixed as 30
00:01:30stocks declined
00:01:31of outweying the 24 gainers recorded during the session. trading
00:01:35activities remain strong with
00:01:36in 37.8 billion n what of shares exchanging over
00:01:4072,00 deals. the latest performance shows investors
00:01:44are still seeking opportunities in the equities market despite
00:01:48ongoing economic uncertainties. next guest
00:01:52is the head research and strategy and koreer securities
00:01:55limited. mr. kende jones. good afternoon mr.
00:01:58jones,
00:01:59i good to to see you, good afternoon, m,
00:02:03thank you very much, nice having on the show, yeah, thank you, thank you, I think we should
00:02:07start with this very good news, uh, let me say that what were the
00:02:11key drivers uh behind the Nigerian stock markets,
00:02:14289 billion Nyira gain at the start of
00:02:18August, and is this rally sustainable that is
00:02:21key?
00:02:23of uh, yes, if you look at the market, the market start um the the month with um
00:02:27positive momentum uh, as the market again about
00:02:300.81% and the like you
00:02:33said
00:02:35um MTM, vitalful, nasco, are part of
00:02:39what moved the market, so we've been seeing some buying interest in
00:02:42those icap stock, so we should
00:02:46not forget the fact that dividend
00:02:48of announcement
00:02:50of of and it's result are part of what moved the market from the end of July
00:02:54to first week in in the first first trade
00:02:57of the month of August and if you look at what was going on in
00:03:00this um the financial resort that was released by the bank um
00:03:04of from first bank um hbnn
00:03:07mt
00:03:08and the rest the the results were fantastic
00:03:12you now just like HBNN Nigeria also related definite announcement of
00:03:15internet of 16 and MTM inter div relates of
00:03:19about 26 so this have moved
00:03:22in investors this have increased investors confidence in the market and market
00:03:26sentiment have increased actually and uh if you look notice from the
00:03:30of June 2026, the little
00:03:33investors in terms of domestic investors have improved, even
00:03:37though
00:03:39of institutional investors are the one controlling the market, more than 67%
00:03:42of the domestic investors, so the buying interest for
00:03:46from retail investors have improved, the dividend
00:03:49announcement, the in
00:03:51of result of fundamental, the earnings financial position
00:03:55of these companies have really really improved, so lot of investors are not going
00:03:59for st. that
00:04:00a fundamentals, the stock that the zombie, let me use that
00:04:03zombie, so this rally have shows that
00:04:07investors are key in terms of investing nigerian market, and we
00:04:11should not forget the
00:04:12of fact that SNP have said that they want to revise the
00:04:16a Nigerian market to frontier market from standalone market in
00:04:192027, and
00:04:21of this month august ending is where we will be hearing the announcement
00:04:25from Frutos saying that they want to revise the Nigerian
00:04:28of market in
00:04:29of from from unclassified to frontier market starting
00:04:33from the month of September, so
00:04:35of global investors, domestic investors are coming back to this market
00:04:39to invest, and the fact remain the same that the market is
00:04:43doing more than 50% return, which is quite impressive, and if you look at
00:04:47what happened in the month of July 2026, you will notice that the
00:04:50Nigeria's
00:04:52or share index, or share
00:04:54a index be being the best performing um stock market
00:04:58over the world, which which... um came first before the
00:05:01Korea um stock market, the Korea stock market have been laid
00:05:05in the first in the first half of 2020, 2026, but as a June
00:05:09second week in June
00:05:10a 2026, the
00:05:11a Nigeria index. in place against the dollar, if you compare it to the dollar um
00:05:15currency, so investor confidence have improved actually in the
00:05:19market, lot of volume we've seen in first oco
00:05:23where where have increased is is
00:05:27holding more than 20%, there been a lot of um deals that
00:05:30is going on and activities have keep increasing as as last
00:05:34week as a Monday the first feating day of august
00:05:38about 72 544 deals was
00:05:41done as holding was recorded about the highest
00:05:45volume uh followed by honey flower followed by stanly financial
00:05:49holding um universal insurance also we should not
00:05:52forget the fact that the national insurance company
00:05:55recapitalizations have also improve the
00:05:59liquidity in the insurance sector stocks you look at the
00:06:02three month average stock that has been traded in the insurance sector stock
00:06:06it has increased so this this so many so many factor
00:06:10i've mentioned about sev factor that the market that kick the
00:06:14market, but as last um yesterday to today, the
00:06:18market is going bearish because um sell off as result of um
00:06:22profit taken. interesting stuff now again,
00:06:26i know you've identified some sectors already, but specifically which
00:06:30sectors or stocks would you say contributed most to the market's positive
00:06:33performance and where do you see the best investment opportunities in the
00:06:37coming weeks? well if
00:06:40you look at the market the the sector. have contributed to the market
00:06:44down from the month of July to the first trading day of august is the banking
00:06:47sector in the month of July 2026 month or month the banking
00:06:51sector contributed nothing less than 22% which is
00:06:54massive meaning that if you invest your money in the banking sector only
00:06:58stock like first mostly detail one first oco
00:07:02um GTCO access assess c
00:07:06you know those bank will return nothing less than 20% first oko
00:07:10move from below h to um below 100 to
00:07:13122 and it's currently trading close to 130 now so the
00:07:17bank sector move the market because as a now
00:07:21GTCO most bank have not released their financials
00:07:25and what if they release their financials so the bank sector is a place
00:07:29where we can put our earding especially when we are expecting that they
00:07:33will pay surely pay dividend inter dividend because the liquidity in the market under cash
00:07:37flow interest rate is still sitting at 26.5 and is
00:07:41giving them the op to learn money more than close to
00:07:4430%. so the banking sector is
00:07:47a is a place where the investors can keep continue to invest
00:07:51in the market now that the intering divident have not come
00:07:55out announcement have not come out also industrial sector hbn
00:07:59went from 3:30 from the last trading
00:08:02date of july to about 390 the moment the announce
00:08:06the financial and the inter divident of 16 went to 390
00:08:10currently is trading 360 in the market. and we should notice that um
00:08:14the qualification date for HBN Nigeria which formally known as
00:08:17what is now August 12 and the
00:08:21payment date is August 19 there's a short period of
00:08:24SD meaning that you can you can easily take your dividend or
00:08:28you can easily um sell off now if it goes down after
00:08:32the you can you can easily buy back so there's opportunity the banking
00:08:36sector the industrial sector and some selected uh
00:08:40um stock in the consumer sector like pe like pel
00:08:43like presco is trading low and also oil and gas is
00:08:47also there is trading around 1,353 is almost on full
00:08:51offer and also looking at the
00:08:54telecommunication
00:08:56is trading around 800 to 8:12 in the market
00:09:00so there's opportunities in the market the banking sector the industrial
00:09:04sector the it communication and some selected stock in
00:09:07the consumer sector however for insurance
00:09:11sector because of liquid the liquidity insurance sector is not that that
00:09:15that massive so we recommend going for insurance sector stock
00:09:19except you want to play around maybe six month or one
00:09:22year olding before that so that's why you
00:09:26see research we try our best to cover mostly
00:09:29seven sector in the stock recommendation that we normally send out and that's why
00:09:33we recommend that in ancoura there is money market fund
00:09:37that you can invest in if you don't
00:09:40want to play in equity market fund but let's look
00:09:44at recent macroeconomic factors now such as inflation, interest rate
00:09:48issues, you know what's happening here, exchange rate movements and corporate
00:09:51earnings, shaping investors sentiments in the Najaan equities
00:09:55market, how do you see that uh affecting
00:09:59uh projections and of course market sentiments moving
00:10:01forward? okay, so let me take it back to
00:10:052020, 2025 where inflation was coming down
00:10:09and what we projected in encoura research was
00:10:12that
00:10:13you know the when inflation is coming down it favors more of um the
00:10:17consumer sector, the manufacturing sector
00:10:19um um players and the reason why we say so that is that
00:10:23inflation is coming down the... power is getting like is getting
00:10:27bigger, it's getting more massive and people will tend to buy more, buy more of
00:10:31your goods, buy more of of your your py or the
00:10:34rest, that's why you see that most investors play well in the consumer
00:10:38sector as
00:10:39a last year, however this year the on gas is performing well because
00:10:43the volatility, the geopolitical tension that is happening in the middle
00:10:47east the part the world and now you will now
00:10:51notice that in terms of inflation the CBM federal government have said
00:10:55that they want to do they want to make sure that inflation is going going below 15%,
00:10:59currently inflation
00:11:00in doing 15.91 is affecting the economy also, but
00:11:04month on month inflation is also like is below 2%.
00:11:08so in terms of that, inflation is still affecting as inflation
00:11:11is moderating upward is affecting the consumer sector, but we should
00:11:15notice that we should notice that the banking sector is playing big
00:11:19in the
00:11:21in in the market as result the the stability. in
00:11:25the funny exchange, the stability in the interest rate, interest
00:11:29rate is sitting at 26.5, if there is up and down volatility in
00:11:33the interest rate, you won't see banking sector declaring good dividend,
00:11:36declaring um good any result, so the
00:11:39macroeconomic variables, like i may mention the interest
00:11:43rate, the inflation is affect
00:11:45the f exchange too is being stable, so the nigerian economy is being
00:11:49stable in terms of interest rates in terms of funny exchange, in terms
00:11:52of inflation, inflation is jumping from 15% to
00:11:5617%, just in minor moderation it is going on inflation so
00:12:00is affecting um this player in the market so down what to what
00:12:03will happen
00:12:04in h
00:12:04to 2026 we are now looking at in research we are looking at inflation will
00:12:08be around 16.5 by end of 2026 we are
00:12:12looking at gdp will be around 4% in the physical market also we are
00:12:16looking at treasure b will be an
00:12:1918.5
00:12:21wh um why um the the bond yield we stand 18%
00:12:25so most player will not say come let me go to f equity market
00:12:29because equity market have deliver yet to date more than 50%
00:12:33so if you are not if you justify your portfolio if you don't
00:12:36want to play in equity market like i said earlier you want to play in money market phone in
00:12:40Ankoria we have money market f we have equity f that okay a good fund
00:12:44portfolio manager manage very well if you are too optimistic that okay oh
00:12:48i'm
00:12:48not a risk taker you can invest in all those mutual fund you can invest in all
00:12:52those um money market mutual fis income
00:12:55so inflation, macroeconomic variables are play a
00:12:59large um part in terms of stability of equity
00:13:02market, because the stability in macroeconomic
00:13:05indicators, government is not coming in and say oh let
00:13:09me move this, let me remove that,
00:13:11you know this fiscal policy is be stable, part
00:13:15the fiscal policy is the capitalization
00:13:18for from the banking, telecommunication, let me take you back to
00:13:21NCC in 2025 where the NCC said percent increase
00:13:25in tarif also this does the
00:13:28capitalization
00:13:30the capitalization in the banking sector, capitalization in the insurance sector, the
00:13:34capitalization in the pension center, i have consistently, this policy have
00:13:38consistently help sustain the market to
00:13:42be where it is, and we are seeing that effect and we also seeing that
00:13:45effect in the foreign reserve um from the beginning of this year
00:13:492026, so in age to 2026 we believe that there
00:13:53continues stability in market. economic variables
00:13:57indicators will surely see the market closing around
00:14:0165% before year of year of 2026 and by
00:14:052027 we expect that the market should be a way to
00:14:08road map for investors that they will look at okay uh
00:14:12after stability we are looking at sustainability the
00:14:16the market and more investors global investor should come into the
00:14:20market currently in in the stock market global investor is below
00:14:242% as result of geopolitical foreign
00:14:28exchange that is going
00:14:29on in the country, so I believe that if the sustainability in
00:14:33equity market,
00:14:34we will surely see more of
00:14:36um global investor playing well in the market
00:14:41report in 2027, just on the light note, there was yesterday uh showing that um the bearing companies
00:14:45made so much money uh this time
00:14:48I think about 1.4 trillion naira and of course that
00:14:52should impact uh the the performance the market.
00:14:55what's particular about the likes of nigerian bries, guiness and
00:14:59international bearies and all them, how are they performing at the
00:15:01exchange? well, if you look at what what's going on in the exchange,
00:15:05pz, pz currently get as this
00:15:09morning, ninja bury, nestly,
00:15:13international b, are quite doing where the are trading where in the market, now
00:15:17this is where we um as reser comes in that what is going
00:15:21on, is he buying interest or is he barrining on?
00:15:25that is going
00:15:26on in this consumer sector, don't forget consumer sector deliver more
00:15:30than close to 100%, if not more than 100% as the
00:15:32last 2025 as result of
00:15:36stability as result of downward movement inflation
00:15:40now inflation is not moving as massive like j saw in
00:15:432024 because of um lot of f
00:15:46subsidy
00:15:47and and the rest now what the macroeconomy
00:15:51indicator is doing for those
00:15:55the
00:15:55the the bur's manufacturing company is that the
00:15:59stability number one the stability secondly you see that the
00:16:02purchasing power for these consumers have
00:16:06inqu lot of business, the PMI in Nigeria for for the
00:16:10last two months have not go below 49, 49 points, you
00:16:14know, so this is giving that the managers, the business owners are
00:16:18quite expecting more business to come into the businesses,
00:16:21you know, so you keep saying that this this
00:16:25manufacturing company have utilized the stability in the
00:16:29foring exchange, four exchange is key for them,
00:16:32importation, foil, energy,
00:16:36you know, that's why we keep saying that. that if there's a constant power
00:16:39supply in the country, you see more most of this
00:16:43manufacturing the buris companies quite doing well in the
00:16:47financials and cash flow most the the cash flow the financials
00:16:51have show that the cash flow is quite doing well, the working capital is quite
00:16:55doing well, most them is not coming for to look for more investors
00:16:59more looking for okay come on buy more of my store for me to do more business
00:17:03there's cash flow in the businesses so currently the market pz is quite
00:17:06doing ' above um um gain of 7%, nigerian
00:17:10bury, international b is quite doing well, so we've done a lot of valuation
00:17:14a research and that's part of where you see we sending out
00:17:18any any result where we give our own
00:17:21opinion this is one going to happen part of what we did also
00:17:25was we did a
00:17:26a forum as last with two two weeks where we we talk to
00:17:30investors this is where the market is going in the next
00:17:342027 in this half year 2026 also so those
00:17:37be the are quite doing well and the return was quite massive so
00:17:41investors can can look into um consumer sector that's why i
00:17:45said selected consumer sector that have good fundamentals like
00:17:48you may mentioned nestly pz also have a good
00:17:52fundamentals and a good cash flow
00:17:54return mr key jones
00:17:58head research strategy and korea securities limited thank
00:18:02you so much for uh joining us on the show really
00:18:06do appreciate it in interesting conversation, I must
00:18:09say, thank you so much for always having me. All right, then enjoy
00:18:13the rest of your day. You too, bye. All right, my next guest is
00:18:17Mr. Ambrodon, CRO, invest data consulting
00:18:21uh limited, he also joins me uh for
00:18:24conversation surrounding markets and of course what we
00:18:27should uh expect uh moving uh forward. Mr.
00:18:31Moridon, thank you so much for your time on the show.
00:18:35Thanks for having me. Yes, I was talking. about the boom, that
00:18:38gain that we saw uh in the start the month of August with
00:18:42my earlier guest. now in that sense, I'm asking that should
00:18:46retail investors view this market gain as a buying
00:18:50opportunity or is there a risk of profit taking after the
00:18:54recent rally, what strategy would you
00:18:56recommend? this is time for investor
00:18:59to go for revaluing the market, because any given time
00:19:03market will shall no value to design investor and also smart.
00:19:07traders, but what you do, we have seen the half year earnings,
00:19:11we see that has a good numbers, now what you do as investor is that
00:19:15those number you are seen, is it sustainable, we have seen the q1, you have seen the
00:19:19q2, you have seen the full year performance of this company, government police has to speak now, is
00:19:23this one affecting that sector where the company is operating or government policy is in favor of
00:19:27that sector, once you
00:19:28to have back your mind you not see where you are because every investment
00:19:32anyt again the future first is guarantee if
00:19:36that government policy has favor sector for today know that the high interest
00:19:40rate is a plus for what for the banking sector that we
00:19:44high no commodity price especially in industrial
00:19:47good a plus for what for sment producing company
00:19:49that year tomorrow to see price drop overnight for 1200 for a bag of
00:19:53sement to 5,000 that meansly those
00:19:57have this number was going to
00:19:58do the same thing at
00:19:58the end the year what you do you buy into that value right now that we are seeing that
00:20:02value investor here the fear that market is you know is pulling
00:20:05back of profit taking you create opportunity for you to enter a good
00:20:09price, because tell
00:20:10you that price is the king any market where we are trading, if you know to how to buy
00:20:14right and sell right, that is where you make money,
00:20:17you are seeing value in the market, you don't wait until everybody in the market is to buy, you buy, you
00:20:21are seeing value now, you buy, because when money start coming to the market, prices will go
00:20:25up, because it is following the money that most investors always do, now that there is
00:20:28fear in the market gradually because of pulling, say that people are selling because
00:20:32of coming you know all might see you ipo of
00:20:36danguti, but
00:20:37we have... seen the for that offer, you have
00:20:41not known the kind of share the are raising, if you are selling off and panic
00:20:45by this time, unless you are taking profit, because if you are in good stock that
00:20:48fundamental, you can also... your position to
00:20:50see where is going because don't forget that before now we had
00:20:54that the the London index as
00:20:57also included us to come back to to na market
00:21:01in in September yes you said before that
00:21:05on the end of August but NGS and and the team has
00:21:09gone to sort that out if by september without seeing the coming back to the market
00:21:13yes you might see that there is election around the corner they will trade with caution but I tell
00:21:16that our market is very dependent on what on local that are not
00:21:20selling because they understand the of our four years
00:21:24election for me there's no cost for alarm is the right time for any design investor
00:21:28to buy into value why smart investor looking at the right price as market correct
00:21:32or pull back to buy into value at the same time interesting
00:21:36stuff but looking ahead why you also give us hints of how the market
00:21:40is fairing today uh looking at the rest of august what
00:21:44key economic events or coping announcement should investors monitor
00:21:47that could influence the direction the stock market. Yes, we've talked about the almighty
00:21:51dang IPO, what more? And of course the performance the
00:21:55market for today's trading, what are you seeing or
00:21:57learning? Actually, the market today
00:22:00look a bit quiet, we are seeing more losers, no than
00:22:04gainers right now, but investors
00:22:06i want to call selective, buying buying into value, buying into
00:22:09expectation, like I believe that the life of pz that gain like almost
00:22:137 e today, because going to release audited account that will come
00:22:17with reward, the investor has already taken opportunity. and don't forget that most the
00:22:21res that came from the going to pay three dividend market is also looking at
00:22:25the right time espcially closer to what the closure day of buy into
00:22:29them but for the rest of this month in the month of august and month
00:22:33of September they are very very diving month
00:22:37for investor but the good news that the people that move the market which
00:22:40are this investor they don't just see results and start
00:22:43buying they take time to analyze the result before they come back to the market
00:22:47this the market is going down they are doing their digesting they
00:22:51have result when they start coming back because they come with the money they come they
00:22:55buy more in volume when they start coming to take position because after the
00:22:59diligent on the numbers and the investment community approved then they not provide
00:23:02from that buying the will see market coming up but also because we
00:23:06are not expecting much earnings in the month of august there will be that kind of
00:23:09oscillation but once you start seeing those investor by into the market
00:23:13change the direction and also onceso seeing data
00:23:16especially we have seen a slow down in the month of July for no
00:23:20for the month of June for inflation if that expected in month of
00:23:24July 15th of August Paranda 15 16 when it
00:23:28comes and it's also a pointer and the good thing is that
00:23:31our policy managers the central
00:23:35bank they left it of change in the last MPC meeting also most the
00:23:39matured central bank the world also left to watch what is
00:23:42happening in the middle east if we seeing oil price
00:23:46galoping or also also pulling back decide where they are going but now for now because
00:23:50the peace talk we're
00:23:51having a price
00:23:52was delating below no $80
00:23:54or under $80 it's a good news for the global economy that means the pressure of of
00:23:58inflation possible but if they come to agreement we start seeing the
00:24:02oil price around $60 6765 that means that fe
00:24:06off globally also gradually you know cool off and that
00:24:10we are not expect to see r but a case in Nigeria because of election
00:24:14spending we don't expect to see CBM no kind
00:24:17of cutting rate now until you no all the general
00:24:21election by January February is done, they will not see where we are going,
00:24:25that will not give us that smart investors should buy into value between now and
00:24:28end the year after the election we to see market taking a good direction, that means
00:24:32invest for the medium and the long term for now opportunity of short comment
00:24:36take it and make money but not just panic but buy into value
00:24:40m thank you so much uh
00:24:44invest data consulting limited thank you for your time we appreciate it
00:24:48as always Thanks for having me, thanks for having
00:24:51me. All right, before we go, just just tell you that the Nairobi Security
00:24:55Exchange is said to introduce East Africa's first artificial intelligence Focus
00:24:59Exchange Traded Fund. We plans to launch the investment products before the end
00:25:02the year. The proposed ETF is designed to give in investor
00:25:06exposure to global companies, driving the fast growing artificial
00:25:10intelligence industry, an assets class currently unavailable on
00:25:14Kenya Stock Exchange. Now, the Nairobi boss remains
00:25:18one the leading Africa's. investment destination
00:25:21attracting foreign investors through heavyweight stocks such as Safaricom
00:25:25and major banking institutions, however, exchange officials
00:25:29say they will closely monitor developments in the global AI
00:25:32markets before proceeding with the launch, but one that the recent
00:25:36surge in AI related stocks had raised concerns
00:25:40over possible market overheating and says the listing
00:25:44could be delayed, evaluations become
00:25:46excessive, what? Business
00:25:50Nigeria today, thank you so much for being a part of it, I'll see you same time tomorrow, we'll be
00:25:54talking more business, stay safe as always, get the cash,
00:25:58I'll
00:26:02see you.
00:26:12In a world where news never sleeps, we're taking a giant leap into
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00:28:01every day across forests, highways, towns and
00:28:04villages, brave men and women stand watch so that Nigeria can
00:28:08sleep. They leave their families behind, confront danger head
00:28:12on and make sacrifices many of us will never see,
00:28:16yet the enemies of our nation continue their ass, they target
00:28:19our children, they murder innocent citizens, they force families
00:28:23from their homes, they turn thriving communities into places
00:28:27of fear and uncertainty. Their goal is
00:28:30simple, to break up. our spirit, divide our people
00:28:34and steal the future of our nation, but Nigeria is
00:28:38stronger than terror. As we demand greater accountability,
00:28:42stronger security measures and more effective action from those entrusted with our
00:28:46safety, we must also play our part, support our
00:28:50security forces, salute their gallantry, stand with
00:28:54those stand for us. If you see something, say
00:28:57something. Let us be our brothers keeper. We must
00:29:01never. render to fear, despair or hopelessness.
00:29:05This is not the time for division, not by tribe, not
00:29:09by religion, not by region, not by
00:29:13political party, because terror recognizes no
00:29:16ethnicity, no faith, and no ideology, its
00:29:20enemy is all of us, and together, united as
00:29:24one people, we can defeat it, for our children, for
00:29:27our communities, for our future, for
00:29:30Nigeria, the movement, stand for our
00:29:34country, stand for one another, hashtag
00:29:38#unite
00:29:39against.
00:30:13At TVs and news, wherever the big news stories happening,
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