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Given the following text description, write Python code to implement the functionality described below step by step
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Description:
 Title
Step1:  Create some text
Step2:  Apply regex
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Python Code:
# Load regex package
import re
Explanation: Title: Match Times
Slug: match_times
Summary: Match Times
Date: 2016-05-01 12:00
Category: Regex
Tags: Basics
Authors: Chris Albon  
Based on: StackOverflow
Preliminaries
End of explanation
# Create a variable containing a text string
text = 'Chris: 12:34am. Steve: 16:30'
Explanation: Create some text
End of explanation
# Find any text that fits the regex
re.findall(r'([0-1]\d:[0-5]\d)\s*(?:AM|PM)?', text)
Explanation: Apply regex
End of explanation
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