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Speaker 1: You're trusted home for news, sport, entertainment, of opinion and Mike

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Speaker 1: my Hosking breakfast with the range rover villa designed to

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Speaker 1: intrigue and use.

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Speaker 2: Tom said, be bothering you Welcome today? Is the government

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Speaker 2: really going to set spending caps for councils? New heritage

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Speaker 2: rules that may mean a lot of diyrelict buildings around

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Speaker 2: the place get saved. We got the police commissioner on

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Speaker 2: whether the force are really racist. Grant Dodson on the

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Speaker 2: America's Cup that begins tonight. Rod Little in the UK.

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Speaker 2: Joe McKenna checks in from Rome, asking welcome to the day,

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Speaker 2: seven past six. That's talk currently around the politicizing things.

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Speaker 2: You might have noted. This infrastructure seems to be the

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Speaker 2: main example. It's plausible in some places apparently, places like

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Speaker 2: New South Wales and Ireland. They appear to have been

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Speaker 2: able to have a half decent crack at depoliticizing infrastructure.

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Speaker 2: But I wonder if our system is just a little

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Speaker 2: bit too fragmented. Labour loves, for example, buses and trains

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Speaker 2: and bike lanes, national loves roads. How do you bridge

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Speaker 2: no pun intended that particular gap. Another example I would

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Speaker 2: hope could be would be education? I mean, the governments

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Speaker 2: received seventy eight applications for charters schools. We have been

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Speaker 2: here before when labor arrived. After the last time ACT

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Speaker 2: had their hands on the LEBA, Chris Hepkins canceled them.

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Speaker 2: This time there are more applications than there is funding,

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Speaker 2: so demand outstrips supply. Surely a good sign. Funding has

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Speaker 2: been set aside for fifty schools. Of that funding, thirty

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Speaker 2: five is for state schools to convert. Ask yourself a

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Speaker 2: simple question, why wouldes state school want to convert? Could

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Speaker 2: it be they want to do things differently? Could it

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Speaker 2: be they see the model as it stands and believe

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Speaker 2: with some freedom and some individuality they can improve matters.

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Speaker 2: Next question, why would you object to that? Chris Hepkins did,

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Speaker 2: and he did because this party is wedded to the unions.

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Speaker 2: Of course, one of the biggest unions as the education

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Speaker 2: sector unions. And they like things the way they are.

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Speaker 2: They're in control, they call the shots, they have most

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Speaker 2: teachers and the team they can run. The program of

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Speaker 2: calling for endless funding increases and dust reel action around

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Speaker 2: wages against this backdrop is reality, and boy has the

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Speaker 2: reality of the quality of what we do been laid

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Speaker 2: bare lately, maths, reading, writing, science. The results don't lie,

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Speaker 2: and the results are in many cases shocking, and yet

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Speaker 2: still they don't want to try anything different. Still one

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Speaker 2: stop shop is the only way. Apparently. You may not

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Speaker 2: love charter schools, they may not be the magic bullet

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Speaker 2: aku ale, But when the system you support is such

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Speaker 2: an obvious and glaring failure, how is it possible to

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Speaker 2: argue for more of the same and nothing even slightly different?

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Speaker 2: And what does that say about our view of the

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Speaker 2: world and desire to succeed.

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Speaker 1: News of the world.

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Speaker 3: In ninety six, Well D's Herd.

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Speaker 2: The Dmfest and yesterday at this time, I think I

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Speaker 2: suggested Biden was worth the watch. Well, these two were

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Speaker 2: in a league of their own.

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Speaker 4: Who's gonna tell him that's the job he's currently seeking.

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Speaker 5: May just do one of those black jobs.

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Speaker 6: It's time.

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Speaker 2: Having set the scene, or quite possibly stolen the show,

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Speaker 2: she introduced the hobby.

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Speaker 1: Here's the childish nicknames, the crazy conspiracy theories, this weird

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Speaker 1: obsession with crowd sizes.

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Speaker 2: I loved it. In response, he almost seemed demure.

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Speaker 7: I like him.

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Speaker 8: I think he's a nice gentleman, but who was very

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Speaker 8: very weak on trade. But I happened to like him.

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Speaker 8: I respect him, and I respect his wife.

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Speaker 2: As regards the disaster of the coast of Sicily, they

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Speaker 2: have some bodies, at least two.

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Speaker 9: Of them we understand had been behind mattresses, and it.

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Speaker 5: Gives you perhaps some indication of where these bodies may

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Speaker 5: have been found on the vessel.

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Speaker 2: They've now retrieved five bodies. That fifth body has just

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Speaker 2: been announced. The theory being well, something like portholes have

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Speaker 2: been left opened well, but who knows.

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Speaker 10: Although it's unheard of to see his super torno, there's

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Speaker 10: the superwater spouts in the western med you know, this

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Speaker 10: is probably one of the first ones of this sort

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Speaker 10: of size. It sounds like it's an accident. It was

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Speaker 10: an accident.

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Speaker 2: Then the war. The former hit of the Islamic Revolutionary

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Speaker 2: Army has spoken. He not surprisingly, thinks America might be

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Speaker 2: at fault.

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Speaker 6: If in the first weeks of the Gods of War

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Speaker 6: the United States has adopped Israel and the war would

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Speaker 6: not extends. So the main element of the extension of

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Speaker 6: the war are the US in Israel.

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Speaker 2: He offered nothing specific about the so called Iranian response

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Speaker 2: to that mass killing this time takes by of course. Finally,

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Speaker 2: biologists at MIT they did a study on mice and

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Speaker 2: the mice fasted between eighteen and twenty four hours a

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Speaker 2: day and found that they had a profound their word

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Speaker 2: not mine risk of pre cancerous humors forming in their gup.

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Speaker 2: Why would this be well, because cells and the intestine

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Speaker 2: have become overactive after fasting, increasing the risk of cancer

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Speaker 2: causing mutations. They reiterated, by the way, this was a

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Speaker 2: mice study and that the situation humans could well be different.

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Speaker 2: That is a use of the world in ninety seconds.

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Speaker 2: Major I would have thought. Non farm payroll revision in

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Speaker 2: the United States. Why is this important? They've revised it down.

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Speaker 2: This is a yearly number. They've revised the number of

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Speaker 2: jobs created down by eight hundred and eighteen thousand, so

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Speaker 2: not nearly as strong as they thought. Why is that important? Well,

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Speaker 2: that brings in the FED, of course, who might be

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Speaker 2: a little bit worried about pulling the trigger if they

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Speaker 2: get that sort of number. Maybe not so worried. Twelve

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Speaker 2: past six.

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Speaker 1: Mike Asking Breakfast Full Show podcast on iHeartRadio. How it

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Speaker 1: by news Talks.

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Speaker 2: It be three of the O the d and c

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Speaker 2: today she needed any more news. It was announced last

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Speaker 2: night that so far since she entered the race, as

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Speaker 2: she has raised, Kamala Harris has raised five one hundred

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Speaker 2: million dollars. That's US, so it's virtually a billion. They

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Speaker 2: think they'll crack six hundred million US by the end

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Speaker 2: of the month. There's only a couple of days left. Extraordinary,

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Speaker 2: isn't it? Fifteen past six from j my Wealth Andrew

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Speaker 2: kellaher Good morning, Very good morning, Mike. Let's your tough

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Speaker 2: old business, isn't.

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Speaker 3: It It is?

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Speaker 9: Yeah.

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Speaker 11: I think I've mentioned that we're in the We're in

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Speaker 11: the throes of the local reporting season at the moment,

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Speaker 11: so company reports taking center stage. We do have to

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Speaker 11: mention this sort of ongoing theme of power prices rumbling

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Speaker 11: on in the background. I think that's going to be

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Speaker 11: with us for a couple of weeks yet. So, but yes,

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Speaker 11: Fletcher Building one of the bigger companies by market capitalizations.

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Speaker 3: Listen on ENSIDEX.

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Speaker 11: I think most people are familiar with Fletcher Building and like,

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Speaker 11: as you know, it's a company that spent a lot

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Speaker 11: of time in the head lines recently, probably not for

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Speaker 11: the reasons it would like to be reported full year

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Speaker 11: results yesterday, and that challenging period for Flector Building looks

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Speaker 11: like it's going to hang around for a while. Not

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Speaker 11: pretty was the summary being bandied around yesterday in reaction

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Speaker 11: to the annual result release.

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Speaker 3: So at the headline level, a net loss of two.

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Speaker 11: Hundred and twenty seven million dollars versus a profit of

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Speaker 11: two hundred and thirty five million the previous year. So

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Speaker 11: a very material and significant turnaround there. But you do

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Speaker 11: have to kind of normalize this because a range of

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Speaker 11: contributing factors to that number. So you've got what are

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Speaker 11: called significant items. So you've got impairments. There's one hundred

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Speaker 11: and eighty million dollar provision on the legacy projects. They

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Speaker 11: are gifts that just keep on giving. The non cash

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Speaker 11: impairment on Higgins one hundred in there as well one

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Speaker 11: hundred and forty one million dollar loss from discontinued operations.

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Speaker 11: If you sort of strip that out, look at the

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Speaker 11: revenue earnings five hundred and nine million. That's lower due

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Speaker 11: to weaker market space, clear declining building activity on both

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Speaker 11: sides of the tasmin so outlook outcome versus expectations. It's

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Speaker 11: always important the share price Mike, yesterday fell two point

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Speaker 11: six percent.

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Speaker 3: That's actually quite muted when you look at the result.

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Speaker 11: It suggests the market was not overly surprised by the outcome.

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Speaker 11: Went they're forward out though probably a little lower and

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Speaker 11: weaker than expected. So the macro economic pressure is expected

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Speaker 11: to persist through the upcoming year. So if you look

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Speaker 11: at the materials and distribution business, that's the important one volumes,

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Speaker 11: they're expected to be circa ten to fifteen percent lower

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Speaker 11: in twenty five versus twenty four. Now, Mike, yesterday we

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Speaker 11: talked about the potential impact of a low official cash

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Speaker 11: rate on residential property market. That's an important macro theme

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Speaker 11: for Fletcher Building. Management yesterday noted that reduction, but consistent

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Speaker 11: with my comments yesterday, that reduction is expected to take

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Speaker 11: months to feed through to improve activity for Fletcher Building

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Speaker 11: long term infrastructure PARTE. That looks good, does the pipeline

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Speaker 11: and strong, but the work isn't there right now. They've

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Speaker 11: been steadily reducing very slightly the prices of their houses

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Speaker 11: and the residential property division. They're looking for a potential

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Speaker 11: external investment into that division as well, so just to

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Speaker 11: help out the balance sheet, Mike, they've appointed a new CFO,

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Speaker 11: a new CEO recently they start later this year. They

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Speaker 11: are coming into a business with a pretty stretch balance sheet,

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Speaker 11: declining revenue, so tough job for those for those people

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Speaker 11: coming into that. No further information on the iPLEX issue

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Speaker 11: that's the issue in Australia, but a possible resolution out

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Speaker 11: there in the short term, which was good news. As

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Speaker 11: I said, share price down two and a half percent,

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Speaker 11: so probably not about outcoming when.

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Speaker 2: We come to media in a fragile old landscape. I

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Speaker 2: think sky would be pretty happy with us, won't they?

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Speaker 3: Yeah?

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Speaker 12: I think so.

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Speaker 11: In terms of a company that could be expected to

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Speaker 11: be feeling the effects of a weakening domestic economy, sky

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Speaker 11: TV probably fits that unfortunate brief with consumer discrestiony, spending

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Speaker 11: under pressure.

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Speaker 3: Yeah, not aboat rest. Sky TV obviously.

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Speaker 11: Trying to transition from a traditional PATV to digital business.

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Speaker 11: Net profit after tax forty nine point two million, three

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Speaker 11: point seven percent, lower total customer numbers important metric, probably

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Speaker 11: a little lower than analysts would.

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Speaker 3: Like to see. Revenue and earnings broadly similar to last year.

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Speaker 11: CEO Sofie Maloney portrayed that, as you say, not too

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Speaker 11: bad an outcome in the context of weaker economic backdrop.

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Speaker 11: Sky Sports now streaming sport that's attracting customers. Neon lost customers,

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Speaker 11: but you had Hollywood writers striking their effecting content.

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Speaker 13: What they did.

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Speaker 3: Note I think this is important since the end of

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Speaker 3: financial year.

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Speaker 11: A couple of key factors. The House of Dragon apparently

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Speaker 11: people love it, and the Olympics. They've seen customer numbers improve,

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Speaker 11: got a couple of key issues in front of them.

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Speaker 11: They've got to renegotiate those new Zealand rugby right steel,

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Speaker 11: that's a biggie. And also satellite customers, they've got to

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Speaker 11: migrate them to a new satellite because the current one

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Speaker 11: is running out of fuel, and I suspect that probably

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Speaker 11: means it's going to fall out.

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Speaker 3: Of the sky. So the share price down five percent,

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Speaker 3: but yeah, probably not a.

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Speaker 2: Bad outcome giving the numbers.

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Speaker 11: Radio the Dow Jones up eighteen points forty thousand, eight

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Speaker 11: hundred and fifty two, so small rise. S and P

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Speaker 11: five hundred up twenty points five thousand, six hundred and

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Speaker 11: eighteen point three seven percent rise there, and the NASDAC

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Speaker 11: up half a percent eighty nine point rise seventeen thousand,

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Speaker 11: nine hundred and five the fort two one hundred up

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Speaker 11: small overnight eight to eighty three, the nicket down small

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Speaker 11: thirty seven thousand, nine hundred and fifty one, about a

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Speaker 11: third percent fall in the Shanghai composite to eight five

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Speaker 11: six the a SX two hundred game to twelve yesterday,

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Speaker 11: so small rise eighty ten and then sex fifty in

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Speaker 11: the face of the company results lost fifty five points

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Speaker 11: point four four percent twelve thousand, five hundred and two

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Speaker 11: one key Wei dollar points sixty one six three against

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Speaker 11: the US. Now that's important in the context of Brent

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Speaker 11: Krude Mike, which will talk about the second the Aussie

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Speaker 11: dollar point nine to one three six against the U

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Speaker 11: ro point five five two four point four to seven

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Speaker 11: oh six against the pound eighty nine point three nine

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Speaker 11: Japanese yen gold hanging in there around two thousand, one

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Speaker 11: five hundred dollars two thousand, five hundred and nine. Now

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Speaker 11: Brent Crude Mike seventy five dollars and seventy six cents,

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Speaker 11: so it's quite a bit lower. But at the same

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Speaker 11: time Kiwi dollar is stronger. What that means we should

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Speaker 11: we should see those petrol prices start just creeping dollar

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Speaker 11: a liter yeah, righty, that fantasy land.

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Speaker 3: That's all good there.

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Speaker 2: Good mate, seem I appreciate it. Andrew Kelleher Jmiwealth dot

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Speaker 2: Co dot m Z past count bit Eboss flies under

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Speaker 2: the radar a bit, but they do healthcare and animal

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Speaker 2: products and they do it clearly, extremely well. Strong profit growth,

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Speaker 2: net profit two seventy one million last year it was

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Speaker 2: two fifty three, the revenues thirteen point one billion dollars.

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Speaker 2: NIT profits up seven point two, revenues up seven point eight.

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Speaker 2: Didn't matter where you look, they did well. So congratulations

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Speaker 2: to them. Six twenty one, your ad News Talk said B, which.

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Speaker 1: Is the Mike Hosking Breakfast Full Show podcast on iHeartRadio,

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Speaker 1: powered by News Talks.

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Speaker 2: At B, we find mister Trump this morning in a

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Speaker 2: bit is sunny Ashburgh, North Carolina, North Carolina, they tell

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Speaker 2: me is absolutely beautiful. The significance says this is his

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Speaker 2: first outdoor really since you know what.

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Speaker 8: And it really isn't a revision. It's a total lie,

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Speaker 8: total lie. There's never been any revision like this. They

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Speaker 8: wanted it to come out after the election, but somehow

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Speaker 8: it got leaked. It got leaked government leaks to the

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Speaker 8: Harris Biden administration has been caught for utulately manipulating job

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Speaker 8: statistics to hide the true extent of the economic ruin

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Speaker 8: that they've inflected on America.

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Speaker 2: The crisp sound, if you're into that sort of thing,

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Speaker 2: is because he's behind plexiglass and that's part of the

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Speaker 2: whole new security setup. The other thing you want to

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Speaker 2: know about Trump is the wood is. I don't know

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Speaker 2: how realistic this is, but it does come out of

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Speaker 2: news yesterday. The word has come Saturday, our time, Friday,

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Speaker 2: the time our RIFK is going to drop out and

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Speaker 2: endorse Trump. So we'll stand by for that six twenty

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Speaker 2: five trending.

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Speaker 1: Now one squarehouse, you're one start for Father's Day.

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Speaker 2: Fragrances, probably the weirdest movie of the year, has been

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Speaker 2: in the making for forty years, so the trailer's dropped

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Speaker 2: this morning. This is Francis Ford Coppola. You know The Godfather, Dracula,

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Speaker 2: and Apocalypse. Now he's got a new one out. It's

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Speaker 2: called Megalopolis.

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Speaker 9: From visionary writer and director Francis Ford Coppola.

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Speaker 1: Comes an event nothing can prepare you for.

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Speaker 14: Imagine today's society as a branch of civilization about to

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Speaker 14: reach a dead end. Here's this way we're living, the

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Speaker 14: only one that's available to us. My plan, which I

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Speaker 14: said that people can dream about.

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Speaker 7: People don't need dreams, people need help.

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Speaker 12: Now enjoy the show.

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Speaker 4: One, two, three, Hippie, that's.

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Speaker 14: Still so much to accomplish. But is there time?

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Speaker 2: See it's not going to be a hit although part

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Speaker 2: of the beginning of the trailer, and it's important to

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Speaker 2: watch it, says when he put out the original stuff

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Speaker 2: The Godfather, everyone panned it, rubbished it, said it was weird,

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Speaker 2: it would go nowhere, and it turns out to be classic.

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Speaker 2: So he's arguing that there is going to be a

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Speaker 2: classic in time, and you probably can't see it because

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Speaker 2: you're not sophisticated enough. Anyway. It stars Adam Driver. I'm

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Speaker 2: certainly not sophisticated enough because I watched and I thought

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Speaker 2: this was just weird craps going nowhere. Anyway.

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Speaker 5: See, I watched it and I thought this looks so cool.

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Speaker 5: So maybe I'm more sophisticated than you who knew.

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Speaker 2: No, No, that's not true, okay, Adam Lawrence, But good

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Speaker 2: for raising it. Adam Driver, Lawrence Fitzsburn, Aubrey Plaza who

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Speaker 2: everybody loves shelboof John Voight. Dustin Hoffman's in there, so

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Speaker 2: he's not short of talent. It's in theaters September twenty seven.

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Speaker 2: He's spent forty years and one hundred and twenty million

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Speaker 2: of his own money to make this thing, and he

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Speaker 2: even sold his winery and Napper and I'll pay for it.

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Speaker 2: He's either crazy or a genius. News for you in

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Speaker 2: a couple of moments. Then we'll get back to the

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Speaker 2: business of ports in this country.

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Speaker 1: The newsmakers and the personalities of the big names talk to

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Speaker 1: like my costing breakfast with Bailey's real Estate, your local

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Speaker 1: experts across residential, commercial, and rural news talks d.

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Speaker 2: Be snapshot of our economy. I'll come to tourism in

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Speaker 2: a moment. Comes from our good friend Bradley Olsen and

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Speaker 2: in for Metrics are provisional estimates for the June quarter,

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Speaker 2: which is April May June of course come and gone.

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Speaker 2: But he sees net negative point two. I don't think

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Speaker 2: that that's necessarily a surprise. Most people are talking Q

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Speaker 2: two Q three being negative, which is third recession in

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Speaker 2: two years. Good to know that we've handled the job

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Speaker 2: so well post COVID job declines across seven of sixteen regions,

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Speaker 2: which is good if you want to look at the

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Speaker 2: glass half full scenario, because that means the majority of

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Speaker 2: regions didn't have job declines. Our biggest decline in jobs Gisbon,

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Speaker 2: followed by Taranaki Nelson Wellington, Wellington not surprising a little

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Speaker 2: bit of growth to be found above one percent in

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Speaker 2: places like Canterbury and Otago. Spending not good. Inflation still

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Speaker 2: outstrip spending, and that's before we get the immigration per

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Speaker 2: head of population. On farm, it's ugly. I'm afraid to

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Speaker 2: tell you. Sheep meets lower horticultural exports. They are good

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Speaker 2: forestry product. Export values are down significantly. So she's a

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Speaker 2: fairly bleak old picture and I'm afraid to tell you,

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Speaker 2: and I will come to it in the moment. It's

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Speaker 2: not much better. On tourism twenty two to seven Cicily

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Speaker 2: obviously in Italy with Joe McKenna and a couple of

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Speaker 2: moments speaking of business, good news for our economy from

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Speaker 2: one of our ports, Port of Auckland. Underlying profits are

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Speaker 2: up twenty two percent. The chief executive, Roger Gray is

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Speaker 2: with us on this morning to you Morning Mike you're happy.

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Speaker 9: Yeah, we're We're really proud of the result. Everybody's worked

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Speaker 9: hard over last year to deliver a great result in

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Speaker 9: the city.

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Speaker 2: Anyone from the council come and kiss you for the dividend.

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Speaker 9: We've got a note from the CEO, Phil Wilson, he

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Speaker 9: was pretty happy about it.

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Speaker 2: Volumes are down, though, how much do we worry about

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Speaker 2: that because that's of the macro picture in the New

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Speaker 2: Zealand story.

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Speaker 9: Yeah, it's a tale of two two pieces. We've we've

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Speaker 9: actually got growth in container volumes we're up three percent

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Speaker 9: and our full containers are up alst eight percent. But

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Speaker 9: what we've seen is strong declines in construction material cement,

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Speaker 9: steel and also cars where I've seen significant decline in

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Speaker 9: cars almost ten percent. And as you've been talking about

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Speaker 9: a significant decline in E vehicles, there's no electric vehicles

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Speaker 9: coming in now.

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Speaker 2: I'm not surprised because no one's buying them obviously. Do

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Speaker 2: you forecast turn around in any of this at all?

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Speaker 2: I mean, are you bullish in any way, shape or

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Speaker 2: form for the New Zealand economy for the rest of

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Speaker 2: the year.

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Speaker 9: I think it'll be more like twenty five that we'll

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Speaker 9: start to see growth in construction material. When they start

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Speaker 9: to do the precing property development in the city, we'll

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Speaker 9: see a lot of steel and cement increase. But certainly

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Speaker 9: for the next six months, I'm not seeing a significant change.

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Speaker 2: I saw an interesting comment from NAPI Port yesterday O

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Speaker 2: the day before. Can't remember they deal with windstone a lot.

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Speaker 2: Are you seeing anything related to this power problem.

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Speaker 9: No, because we're largely in input Port, we're not seeing

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Speaker 9: that as such.

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Speaker 2: Okay, cruise ship look all right, we had a record

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Speaker 2: year last year.

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Speaker 9: We had one hundred and thirty three ships and almost

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Speaker 9: three hundred and thirty five thousand passengers, but it is down.

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Speaker 9: This year's bookings are down to one hundred and ten

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Speaker 9: and more like three hundred thousand, So we are seeing

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Speaker 9: we're coming off the cruise peak.

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Speaker 2: Okay, As far as the and there's a lot of

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Speaker 2: time spent on this with your company, the reduction and

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Speaker 2: injury fifty six percent reduction and time loss to injury.

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Speaker 2: Are you now at what you would call roughly peak performance?

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Speaker 2: Have you got it together?

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Speaker 9: I think we're getting it together. I wouldn't. We're never

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Speaker 9: going to stop focusing on safety. It's a challenging industry.

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Speaker 9: But you know, we're very proud of overharving the number

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Speaker 9: of people, but we're still injuring too many people, Mike,

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Speaker 9: and we won't let up on that.

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Speaker 2: Also, some commentary on climate. What role does climate play

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Speaker 2: in your business in reality versus what you'd like it

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Speaker 2: to do? In a bit of greenwashing high for louton

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Speaker 2: headline grabbing talk.

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Speaker 9: Not a lot. I mean, we are committed to being

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Speaker 9: a good citizen. We are putting in solar, that's as

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Speaker 9: much to balance out the power charges that are coming.

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Speaker 9: But certainly we're not seeing significant impacts from climate change

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Speaker 9: on us right now, except maybe the shipping lines are

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Speaker 9: certainly focused on it, but certainly from our perspective, not

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Speaker 9: a big impact.

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Speaker 2: Your revenue increased, Does that continue, do you think or not?

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Speaker 9: Well, Mike, We've spoken before about our projection on pricing

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Speaker 9: and we're going to continue to lift our prices to

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Speaker 9: align with Australia and we expect off the back of

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Speaker 9: that and improve volume to continue our profit.

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Speaker 13: Good.

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Speaker 2: So congratulations on the result, Roger grad It's always good

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Speaker 2: to get a good bit of positive economic Newsport of

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Speaker 2: Hawkland CEO nineteen minutes away from seven Reality Tourism this

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Speaker 2: is Brad Cooper's work once again, Brad Olsen's work once again.

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Speaker 2: So what have we got with tourism expenditure on the

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Speaker 2: West Coast booming eleven point nine up ball of fourteen

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Speaker 2: point six up, Westland twelve point eight up grade seven

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Speaker 2: point five percent up, the whole of the country one

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Speaker 2: point eight percent up. So nationally speaking, growth has slowed,

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Speaker 2: domestic tourism slowed, international tourism slowed, arrivals of stagnated, guest

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Speaker 2: nights of plateaued. So once again I raised the issue

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Speaker 2: that once upon a time we did a couple of

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Speaker 2: things fantastically well in this country. Derry was one and

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Speaker 2: the other thing was tourism. We're still doing okay and

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Speaker 2: Derry and yesterday was a good example of that. We

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Speaker 2: are not doing well in tourism. And I hope someone's

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Speaker 2: on it. But eighteen minutes away from seven.

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Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News talks It B.

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Speaker 2: Yeah, Roger mentioned dv's no EV's coming into the country.

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Speaker 2: There's a couple of really interesting things around EV's at

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Speaker 2: the moment. I might come to later at the get time,

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Speaker 2: But the big announcement overnights from Ford. Globally, they've got

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Speaker 2: a new plant in Tennessee, but they've delayed production of

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Speaker 2: what they're calling their next generation pick up, so they're

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Speaker 2: not going to do that. They're going to cancel plans

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Speaker 2: for a three row electric suv, in other words, a

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Speaker 2: big suv. Can they do it? They don't want to.

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Speaker 2: They don't think there's any market for it. They're going

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Speaker 2: to prioritize, as far as I can work out, every

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Speaker 2: other manufacturer in the world, hybrids. Commercial. They think electrics.

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Speaker 2: There's some room for electrics and commercials, and a commercial

438
00:21:20,119 --> 00:21:22,080
Speaker 2: van they've got coming by twenty twenty six. But as

439
00:21:22,080 --> 00:21:25,280
Speaker 2: far as Americans trucks and pickups, which is their big business,

440
00:21:25,640 --> 00:21:28,399
Speaker 2: they're just not into evs. They can't sell six forty.

441
00:21:28,160 --> 00:21:32,879
Speaker 7: Five international correspondence with ends and eye insurance, peace of mind.

442
00:21:32,920 --> 00:21:34,040
Speaker 9: For New Zealand business.

443
00:21:33,880 --> 00:21:36,960
Speaker 2: It's Italy Joe McKenna, good morning to you, good money mater.

444
00:21:37,000 --> 00:21:38,560
Speaker 2: So it's a big I'm not sure how big a

445
00:21:38,600 --> 00:21:40,600
Speaker 2: story it is globally. It's certainly a big story here

446
00:21:40,640 --> 00:21:43,399
Speaker 2: in Australia and very big in Britain for obvious reasons.

447
00:21:43,400 --> 00:21:47,240
Speaker 2: Because the bloke was British. I'm assuming it's the biggest

448
00:21:47,240 --> 00:21:49,240
Speaker 2: thing going in Italy by so far. It doesn't matter.

449
00:21:50,359 --> 00:21:52,680
Speaker 15: Look, it's a very big story I think internationally, as

450
00:21:52,720 --> 00:21:55,880
Speaker 15: you said, particularly because the passengers and the crew came

451
00:21:55,880 --> 00:22:01,040
Speaker 15: from so many different countries and the main victor, Mike Clinch,

452
00:22:01,160 --> 00:22:05,919
Speaker 15: of course, was such a whiz kid high tech entrepreneur

453
00:22:06,000 --> 00:22:09,840
Speaker 15: who had recently survived fraud charges in the US. So

454
00:22:10,520 --> 00:22:13,000
Speaker 15: a major story I think for the UK, but also

455
00:22:13,200 --> 00:22:14,800
Speaker 15: other people around the world as well.

456
00:22:15,000 --> 00:22:17,480
Speaker 2: Where are we at. We've just we haven't got the

457
00:22:17,520 --> 00:22:19,800
Speaker 2: fifth body back, but we've identified the fifth body. Is

458
00:22:19,800 --> 00:22:21,160
Speaker 2: that right? That's right?

459
00:22:21,280 --> 00:22:25,040
Speaker 15: Four bodies have been brought to shore. They I haven't

460
00:22:25,080 --> 00:22:28,320
Speaker 15: had official confirmation, but the suggestion is that it's Mike

461
00:22:28,400 --> 00:22:31,959
Speaker 15: Clinch and his eighteen year old daughter Hannah, as well

462
00:22:32,000 --> 00:22:35,520
Speaker 15: as two colleagues of mister Lynch. Another body has been

463
00:22:35,760 --> 00:22:39,320
Speaker 15: identified inside the wreck but has not yet been recovered,

464
00:22:39,359 --> 00:22:41,199
Speaker 15: and the sixth body is still missing.

465
00:22:41,640 --> 00:22:43,960
Speaker 2: The sort of resource they're throwing at that and have

466
00:22:44,080 --> 00:22:47,480
Speaker 2: been throwing at that. Is this a place sicily that

467
00:22:47,600 --> 00:22:49,560
Speaker 2: can cope with the sort of operation or have they

468
00:22:49,600 --> 00:22:50,840
Speaker 2: brought and helped from elsewhere?

469
00:22:52,040 --> 00:22:52,240
Speaker 9: Well?

470
00:22:52,280 --> 00:22:56,520
Speaker 15: These diving teams are highly specialized, and particularly the firefighters

471
00:22:56,720 --> 00:22:59,800
Speaker 15: divers and many of those took part in the Costa

472
00:22:59,840 --> 00:23:02,520
Speaker 15: co Cordia that you'll remember back in twenty twenty twelve.

473
00:23:03,600 --> 00:23:07,119
Speaker 15: Some of them have been flown in from Sardinia and

474
00:23:07,240 --> 00:23:11,080
Speaker 15: from Rome, and a couple of others were flown I

475
00:23:11,080 --> 00:23:14,800
Speaker 15: think they travel by boat actually from Genoa today. And

476
00:23:14,960 --> 00:23:17,920
Speaker 15: part of the restrictions, Mike was that the divers could

477
00:23:17,920 --> 00:23:20,239
Speaker 15: only stay down there for about twelve minutes at a

478
00:23:20,280 --> 00:23:23,159
Speaker 15: time until they got some deep sea divers in that

479
00:23:23,200 --> 00:23:25,080
Speaker 15: could stay down there for twenty minutes. But the big

480
00:23:25,080 --> 00:23:28,239
Speaker 15: difference has been the use of a robot that has

481
00:23:28,240 --> 00:23:31,280
Speaker 15: been helping them in the search and rescue efforts.

482
00:23:31,280 --> 00:23:33,879
Speaker 2: It's such an extraordinary story. I mean it's a tragedy obviously,

483
00:23:33,920 --> 00:23:37,560
Speaker 2: but they were there to celebrate and for us, a

484
00:23:37,600 --> 00:23:39,879
Speaker 2: country at the bottom of the world with five million people,

485
00:23:40,400 --> 00:23:42,960
Speaker 2: We've got Aila Ronald who is a New Zealander, and

486
00:23:43,000 --> 00:23:45,080
Speaker 2: of course the captain's the keywig as well.

487
00:23:45,720 --> 00:23:50,440
Speaker 15: That's right New Zealander James Cuttfeld cut Field, I should say,

488
00:23:51,320 --> 00:23:54,520
Speaker 15: has been the captain of the Bayesian. He has been

489
00:23:54,720 --> 00:23:58,640
Speaker 15: already interrogated by the prosecutors at least for two hours,

490
00:23:59,040 --> 00:24:03,040
Speaker 15: he will face more interrogation. They're trying to piece together

491
00:24:03,080 --> 00:24:05,639
Speaker 15: what happened, whether it was a freak accident, whether there

492
00:24:05,720 --> 00:24:09,680
Speaker 15: was something structurally wrong with the yacht, or whether there

493
00:24:09,760 --> 00:24:10,560
Speaker 15: was human error.

494
00:24:10,720 --> 00:24:15,000
Speaker 2: Yeah, so where does this go legally speaking? I mean,

495
00:24:15,400 --> 00:24:17,520
Speaker 2: are they going to have to talk to whoever survived

496
00:24:17,680 --> 00:24:20,280
Speaker 2: and piece something together that may or may not end

497
00:24:20,359 --> 00:24:22,400
Speaker 2: up in something or we just don't know yet.

498
00:24:23,240 --> 00:24:27,440
Speaker 15: Yes, it's a complicated process. The prosecutors lead the investigation

499
00:24:28,080 --> 00:24:31,280
Speaker 15: and they work with the coast Guard, the firefighters, and

500
00:24:31,280 --> 00:24:34,120
Speaker 15: the police to gather the evidence and decide if there's

501
00:24:34,160 --> 00:24:36,280
Speaker 15: a case to answer. This could take some time. They're

502
00:24:36,280 --> 00:24:40,280
Speaker 15: going to interview all the survivors as well as the

503
00:24:40,320 --> 00:24:44,560
Speaker 15: emergency workers. They're going to gather evidence, photos, video, etc.

504
00:24:45,480 --> 00:24:48,480
Speaker 15: And I just checked on the cost of Concordia. It

505
00:24:48,520 --> 00:24:51,480
Speaker 15: took several months, if not a year, before they eventually

506
00:24:52,240 --> 00:24:55,040
Speaker 15: mounted a case against the captain, Francisco Scatino.

507
00:24:55,280 --> 00:24:56,720
Speaker 2: There seemed to be a couple of bits to this

508
00:24:56,840 --> 00:24:59,399
Speaker 2: meteorologically speaking. One obviously it was whether or I'll come

509
00:24:59,400 --> 00:25:01,080
Speaker 2: back to that in a mind. But the other question

510
00:25:01,200 --> 00:25:03,000
Speaker 2: is were portholes left open? There must have been a

511
00:25:03,000 --> 00:25:05,760
Speaker 2: lot of water that went into that thing really fast,

512
00:25:05,880 --> 00:25:07,760
Speaker 2: and I'm assuming they're trying to piece that together.

513
00:25:08,760 --> 00:25:11,400
Speaker 15: That's certainly one of the major issues, and they're looking

514
00:25:11,480 --> 00:25:15,840
Speaker 15: at whether the keel, the retractable keel, was down or

515
00:25:16,000 --> 00:25:20,359
Speaker 15: up that could have affected the stability of the boat.

516
00:25:21,119 --> 00:25:24,320
Speaker 15: One of the divers has been very clear that the

517
00:25:24,520 --> 00:25:27,000
Speaker 15: mast did not snap into that was some of the

518
00:25:27,000 --> 00:25:29,280
Speaker 15: initial reports said that it did snap in the storm

519
00:25:30,040 --> 00:25:32,760
Speaker 15: and that there was no damage to the exterior of

520
00:25:32,800 --> 00:25:35,359
Speaker 15: the hull, so that makes it quite interesting as well.

521
00:25:35,440 --> 00:25:38,000
Speaker 2: And then the weather. How weird was this.

522
00:25:39,160 --> 00:25:42,639
Speaker 15: Well, we've seen images and video of what happened. It

523
00:25:42,720 --> 00:25:45,480
Speaker 15: was about four o'clock in the morning, four point fifteen

524
00:25:46,000 --> 00:25:50,880
Speaker 15: when this torrential storm hit the north coast of Sicily,

525
00:25:51,359 --> 00:25:55,199
Speaker 15: and there's a sense of a tornado, this wind current

526
00:25:55,400 --> 00:26:00,399
Speaker 15: that struck the boat and immediately tossed it under And

527
00:26:00,520 --> 00:26:03,320
Speaker 15: as we know, fifteen managed to survive, including a woman

528
00:26:03,359 --> 00:26:05,879
Speaker 15: with a one year old baby. So it's amazing that

529
00:26:05,920 --> 00:26:07,760
Speaker 15: they managed to get themselves to a lifeboat.

530
00:26:07,800 --> 00:26:10,080
Speaker 2: It's extraordinary, all right, Joe, I appreciate the updates. We'll

531
00:26:10,080 --> 00:26:12,359
Speaker 2: stay in touch. Jomikinna out of Italy for us this

532
00:26:12,400 --> 00:26:13,919
Speaker 2: Thursday morning ten to seven.

533
00:26:15,600 --> 00:26:18,680
Speaker 1: Call the Mic, hosting Breakfast with the Range Rover of

534
00:26:18,760 --> 00:26:19,880
Speaker 1: the News Talks.

535
00:26:19,880 --> 00:26:22,680
Speaker 2: He'd be well behind Plexiglass for the first time Ashburgh,

536
00:26:22,720 --> 00:26:26,199
Speaker 2: North Carolina and the Sunshine. It's been relatively short, so

537
00:26:26,240 --> 00:26:28,600
Speaker 2: we're thinking that's probably my new's comeback on. He's probably

538
00:26:28,640 --> 00:26:31,000
Speaker 2: done an encore? Is that an encore? They clapping for me?

539
00:26:31,200 --> 00:26:32,960
Speaker 5: James Browning at somebody's going to come out with a

540
00:26:33,040 --> 00:26:34,760
Speaker 5: robe to put on and then he's going to shake.

541
00:26:34,600 --> 00:26:36,840
Speaker 2: It off and there he is. Anyway, he's been free wheeling.

542
00:26:37,200 --> 00:26:39,399
Speaker 8: We're run by very stupid people. I'd like to use

543
00:26:39,440 --> 00:26:41,200
Speaker 8: a different word. I'd like to use a much more

544
00:26:41,240 --> 00:26:45,760
Speaker 8: sophisticated word, but there's no word I can think of, incompetent.

545
00:26:45,880 --> 00:26:46,840
Speaker 3: How about incompetent.

546
00:26:48,720 --> 00:26:52,960
Speaker 8: As a result, peace in Europe has been shattered by

547
00:26:53,000 --> 00:26:57,840
Speaker 8: the largest European land war since the fall of Nazi Germany.

548
00:26:57,960 --> 00:27:00,400
Speaker 8: This is the largest war there's been and this war

549
00:27:00,480 --> 00:27:02,080
Speaker 8: is going to escalate and escalate.

550
00:27:03,440 --> 00:27:05,440
Speaker 12: When if, but when, I have.

551
00:27:05,440 --> 00:27:07,919
Speaker 8: To always say if, you know, because they cheat. I

552
00:27:07,920 --> 00:27:09,520
Speaker 8: would say when if they didn't cheat.

553
00:27:09,520 --> 00:27:10,080
Speaker 3: But they cheat.

554
00:27:10,119 --> 00:27:13,880
Speaker 8: That's the one thing they're greater cheating and elections. If

555
00:27:13,920 --> 00:27:16,240
Speaker 8: we win, I'll get that thing settled before I take

556
00:27:16,280 --> 00:27:18,920
Speaker 8: the office. I'll get it settled. As president elect.

557
00:27:20,359 --> 00:27:22,560
Speaker 2: He walked off stage to check on one of his fans,

558
00:27:23,040 --> 00:27:25,160
Speaker 2: so then you came back on. So he's a good guy.

559
00:27:25,200 --> 00:27:27,159
Speaker 2: So that's that's Trump and North Carolina. I don't know

560
00:27:27,160 --> 00:27:29,480
Speaker 2: if he's on message or back on message, or whether

561
00:27:29,520 --> 00:27:31,200
Speaker 2: any of this was working or no. It's five minutes

562
00:27:31,200 --> 00:27:32,159
Speaker 2: away from seven.

563
00:27:33,880 --> 00:27:35,399
Speaker 1: All the ins and the outs.

564
00:27:35,720 --> 00:27:37,400
Speaker 9: It's the fizz.

565
00:27:37,080 --> 00:27:40,800
Speaker 1: With business fiber take your business productivity to the next level.

566
00:27:40,800 --> 00:27:42,960
Speaker 2: Another take on the jobs had Bret Olson's look at

567
00:27:42,960 --> 00:27:45,120
Speaker 2: the economy. Another take on the jobs. This is from

568
00:27:45,160 --> 00:27:48,120
Speaker 2: my HR. So they looked at fourteen hundred employers, thirty

569
00:27:48,160 --> 00:27:52,360
Speaker 2: five thousand workers. Restructuring activity is up seventy eight percent

570
00:27:52,480 --> 00:27:55,320
Speaker 2: on last year. Seventy eight percent on last year. There's

571
00:27:55,359 --> 00:27:58,600
Speaker 2: a lot of restructuring worse. Healthcare and social assistance sector

572
00:27:59,000 --> 00:28:03,560
Speaker 2: restructuring a one hundred and seventy eight percent increase, three

573
00:28:03,560 --> 00:28:06,720
Speaker 2: times as many workers. Effect to compete with last year. Transport, postal,

574
00:28:06,720 --> 00:28:09,119
Speaker 2: and the warehousing restructurings of one hundred and thirty percent.

575
00:28:09,119 --> 00:28:11,880
Speaker 2: Construction up sixty eight percent, So they're the top three.

576
00:28:12,280 --> 00:28:15,320
Speaker 2: Who's doing well? Education training sector down fifty three, real

577
00:28:15,440 --> 00:28:19,760
Speaker 2: estate services down eighteen, manufacturing down fourteen. Mind you, they

578
00:28:19,800 --> 00:28:21,360
Speaker 2: did all the hard work and manufacturing in the last

579
00:28:21,400 --> 00:28:23,040
Speaker 2: couple of years. I mean manufacturing. If you follow the

580
00:28:23,040 --> 00:28:27,560
Speaker 2: PSI is the manufacturing index rather has been in the

581
00:28:27,560 --> 00:28:31,000
Speaker 2: doldrooms for a couple of years now. Retail and accommodation

582
00:28:31,080 --> 00:28:33,840
Speaker 2: food services sectors, their restructuring rates are only up nineteen

583
00:28:33,840 --> 00:28:37,960
Speaker 2: and twenty percent, respectively. The main problem in retail, unfortunately,

584
00:28:38,120 --> 00:28:40,959
Speaker 2: is the churn forty six point five percent churn rate.

585
00:28:41,040 --> 00:28:43,200
Speaker 2: It's ridiculous. No one wants to work in retail, and

586
00:28:43,200 --> 00:28:44,800
Speaker 2: once they get to retail, they last three and a

587
00:28:44,800 --> 00:28:46,840
Speaker 2: half minutes and leave. So for every one hundred people

588
00:28:46,880 --> 00:28:50,160
Speaker 2: you employ, forty six are leaving over the twelve month period.

589
00:28:50,400 --> 00:28:52,960
Speaker 2: Half the people you hire walk out the door within

590
00:28:53,000 --> 00:28:55,880
Speaker 2: a year. So what's that mean? Does the person that

591
00:28:56,280 --> 00:28:58,440
Speaker 2: fascinates me this does it the person not know what

592
00:28:58,480 --> 00:29:01,720
Speaker 2: they want to do? Does the person not havingny idea

593
00:29:01,760 --> 00:29:04,920
Speaker 2: what the job entails. Does the person think they know

594
00:29:04,960 --> 00:29:07,240
Speaker 2: what they're doing and then wake up one morning and go, Actually,

595
00:29:07,240 --> 00:29:10,320
Speaker 2: that's a't bit borying. I it's even worse for the

596
00:29:10,360 --> 00:29:13,240
Speaker 2: accommodation and food services sector. That churn rate is eighty

597
00:29:13,320 --> 00:29:15,719
Speaker 2: two percent. So, in other words, in a twelve month period,

598
00:29:16,240 --> 00:29:19,560
Speaker 2: over eight of the ten people you employ walk out

599
00:29:19,600 --> 00:29:24,760
Speaker 2: the door. That must be an absolute nightmare for human resources.

600
00:29:24,960 --> 00:29:27,640
Speaker 2: Simeon Brown a couple of things to talk to him about, obviously,

601
00:29:27,640 --> 00:29:30,960
Speaker 2: the big announcement yesterday from the council get together in

602
00:29:31,000 --> 00:29:33,160
Speaker 2: Wellington and lux and good on and God bless them

603
00:29:33,240 --> 00:29:35,840
Speaker 2: gave it, gave it to the mayors and counselors. Not

604
00:29:35,840 --> 00:29:38,480
Speaker 2: sure they received it that well, but it's a reality

605
00:29:38,520 --> 00:29:41,360
Speaker 2: and a wake up call they needed. I think today

606
00:29:41,520 --> 00:29:45,160
Speaker 2: there is this whole Central City deal thing coming whereby

607
00:29:45,280 --> 00:29:47,320
Speaker 2: some locals get to do some stuff they want to

608
00:29:47,360 --> 00:29:50,080
Speaker 2: and you know we're all combinuring and being friends. But

609
00:29:50,200 --> 00:29:52,880
Speaker 2: also of course we cannot forget, must not forget this

610
00:29:52,960 --> 00:29:55,200
Speaker 2: power crisis yet again the third time now Tea why

611
00:29:55,200 --> 00:29:57,080
Speaker 2: has been asked to pull back. We have got a

612
00:29:57,160 --> 00:29:59,440
Speaker 2: major crisis in his hands and Simeon's in charger, but

613
00:29:59,480 --> 00:29:59,920
Speaker 2: he's with USh.

614
00:30:00,920 --> 00:30:04,800
Speaker 1: The breakfast show you can trust the mic Hosking Breakfast

615
00:30:05,040 --> 00:30:09,400
Speaker 1: with our Veda Retirement Communities, Life Your Way News Tog said.

616
00:30:09,240 --> 00:30:11,240
Speaker 2: Be falling seven past seven. So the council's got the

617
00:30:11,240 --> 00:30:13,640
Speaker 2: hard word from the government yesterday about costs and spending

618
00:30:13,640 --> 00:30:16,479
Speaker 2: and pet projects. Our councils are looking on average at

619
00:30:16,520 --> 00:30:19,200
Speaker 2: a fifteen percent rate rise around the country. So the

620
00:30:19,240 --> 00:30:21,760
Speaker 2: idea is we get back to basics. Local Government Minister

621
00:30:21,800 --> 00:30:23,920
Speaker 2: Simming and Browns with us on this Simon, morning to you.

622
00:30:24,600 --> 00:30:25,160
Speaker 16: Good morning.

623
00:30:25,280 --> 00:30:27,600
Speaker 2: All I heard post the speech was a lot more whining.

624
00:30:27,640 --> 00:30:28,520
Speaker 2: Did they miss the point?

625
00:30:29,600 --> 00:30:31,800
Speaker 16: Well, I think some councils which which got the point.

626
00:30:32,040 --> 00:30:34,960
Speaker 16: There's some other councils which which didn't. And the reality

627
00:30:35,080 --> 00:30:38,520
Speaker 16: is with an average fifteen percent rate increase, our expectation

628
00:30:38,680 --> 00:30:40,440
Speaker 16: is that councils get on with the work, just like

629
00:30:40,480 --> 00:30:42,720
Speaker 16: government has had to do, go line by line, cut

630
00:30:42,760 --> 00:30:45,520
Speaker 16: the waste, focus on the basics and ensure that they

631
00:30:45,560 --> 00:30:48,320
Speaker 16: can pass those cost savings onto ratepayers at this cost

632
00:30:48,360 --> 00:30:51,200
Speaker 16: of living crisis time, so you know we're doing our part.

633
00:30:51,440 --> 00:30:53,360
Speaker 16: We've also put in place Local Water have done well

634
00:30:53,360 --> 00:30:56,920
Speaker 16: which gives councils far greater access to financing for water infrastructure.

635
00:30:57,320 --> 00:30:59,239
Speaker 16: That means they should be able to do that and

636
00:30:59,280 --> 00:31:00,200
Speaker 16: reduce the cost.

637
00:31:00,000 --> 00:31:00,960
Speaker 17: Burden or pays.

638
00:31:01,360 --> 00:31:02,560
Speaker 2: Are there too many councils.

639
00:31:03,960 --> 00:31:06,640
Speaker 16: Well, there's a need for more shared services, is what

640
00:31:06,680 --> 00:31:09,680
Speaker 16: I would absolutely say. The question of amalgamation is one

641
00:31:09,720 --> 00:31:11,760
Speaker 16: that often comes up. There's pros and cons to it,

642
00:31:11,800 --> 00:31:13,960
Speaker 16: but there definitely needs to be more shared services and

643
00:31:14,000 --> 00:31:15,640
Speaker 16: that's what we're pushing with water services.

644
00:31:15,680 --> 00:31:17,959
Speaker 2: Okay, so that's the water example. What about these are

645
00:31:17,960 --> 00:31:20,040
Speaker 2: the I can't even remember what they're called, Central to

646
00:31:20,120 --> 00:31:22,760
Speaker 2: city or local to whatever. They get to run some

647
00:31:22,840 --> 00:31:24,760
Speaker 2: local projects. Is that being announced today or not?

648
00:31:25,760 --> 00:31:30,160
Speaker 16: Well, where we're putting out this regional deals program, I'm

649
00:31:30,200 --> 00:31:32,560
Speaker 16: going to make some comments about that today. Ultimately that's

650
00:31:32,600 --> 00:31:37,000
Speaker 16: about actually having a longer term relationship between councils and

651
00:31:37,120 --> 00:31:40,719
Speaker 16: regions and government. But it's not just about money. It's

652
00:31:40,760 --> 00:31:43,640
Speaker 16: actually about what the outcomes we're after, how are we

653
00:31:43,760 --> 00:31:47,520
Speaker 16: going to achieve that, and also about having clear accountabilities

654
00:31:47,520 --> 00:31:50,640
Speaker 16: in place. And ultimately these are things which we won't

655
00:31:50,760 --> 00:31:51,560
Speaker 16: enter into councils.

656
00:31:51,560 --> 00:31:54,360
Speaker 2: I'm playing their part, right, Does that open up, potentially,

657
00:31:54,440 --> 00:31:56,800
Speaker 2: from their point of view, some funding streams that they

658
00:31:56,800 --> 00:31:57,840
Speaker 2: would argue they need.

659
00:31:59,280 --> 00:32:02,080
Speaker 16: Look, there ange of funding and financing tools already available,

660
00:32:02,160 --> 00:32:04,720
Speaker 16: such as infrastructure funding, a financing actor that help support

661
00:32:04,800 --> 00:32:09,120
Speaker 16: new developments. There's other tools such as tolling or congestion charging.

662
00:32:09,160 --> 00:32:12,040
Speaker 16: There's other things that there are available already or that

663
00:32:12,120 --> 00:32:15,520
Speaker 16: we're putting in place. But ultimately what we want is

664
00:32:15,560 --> 00:32:18,160
Speaker 16: we want to have good outcomes for communities. We will

665
00:32:18,240 --> 00:32:22,440
Speaker 16: have cost effectiveness being on being the core business of

666
00:32:22,480 --> 00:32:25,160
Speaker 16: councils and so we're not going to just go and

667
00:32:25,200 --> 00:32:28,840
Speaker 16: put cash into councils. We're very clear where about outcomes

668
00:32:29,120 --> 00:32:30,840
Speaker 16: and there's no magic money tree in Wellington.

669
00:32:31,200 --> 00:32:34,560
Speaker 2: Would you, in all honesty, hand on heart cost cap

670
00:32:34,600 --> 00:32:37,640
Speaker 2: or council or are you just trying to draw bones so.

671
00:32:37,760 --> 00:32:40,040
Speaker 16: Well, we were in Sydney last week. One of the

672
00:32:40,080 --> 00:32:43,080
Speaker 16: ideas we've been looking at is how they've got independent

673
00:32:43,520 --> 00:32:49,240
Speaker 16: pricing regulatory body which actually regulates council expenditure. That's something

674
00:32:49,240 --> 00:32:51,720
Speaker 16: we've asked officials to do some work onto set that

675
00:32:51,880 --> 00:32:54,760
Speaker 16: needs to be put in place in New Zealand. Ultimately,

676
00:32:54,880 --> 00:32:58,360
Speaker 16: what we've seen is rates increasing far faster than inflation,

677
00:32:58,920 --> 00:33:00,840
Speaker 16: and so we think there's actually a real need to

678
00:33:00,880 --> 00:33:04,080
Speaker 16: have an independent body to actually help regulate and keep

679
00:33:04,120 --> 00:33:07,880
Speaker 16: those costs under control. Otherwise, what you see is our

680
00:33:07,880 --> 00:33:10,720
Speaker 16: councilors continue to say yes to every single idea that

681
00:33:10,800 --> 00:33:12,800
Speaker 16: get to put in front of them rather than actually

682
00:33:12,800 --> 00:33:15,080
Speaker 16: being accountable to their ratepayers, and sometimes they have to

683
00:33:15,120 --> 00:33:16,320
Speaker 16: say no, put your.

684
00:33:16,160 --> 00:33:18,240
Speaker 2: Power hat on for a moment. Is there a deal

685
00:33:18,320 --> 00:33:21,040
Speaker 2: coming between the government and method X that's separate to

686
00:33:21,080 --> 00:33:22,960
Speaker 2: the METHODICS deal with the two power companies.

687
00:33:24,200 --> 00:33:26,920
Speaker 16: No, there's a deal which has been done in regarding

688
00:33:27,120 --> 00:33:31,240
Speaker 16: the supply of all of methinex gas to the electricity

689
00:33:32,040 --> 00:33:35,400
Speaker 16: companies to provide further electricity supply into the market.

690
00:33:35,760 --> 00:33:37,600
Speaker 2: That's the deal that's already been announced.

691
00:33:38,200 --> 00:33:40,640
Speaker 16: That's right. There is an all government contract as well

692
00:33:40,680 --> 00:33:45,280
Speaker 16: which is being shattered in regards to schools and hospitals,

693
00:33:45,920 --> 00:33:48,760
Speaker 16: which is under negotiation, but that is separate from the

694
00:33:48,800 --> 00:33:50,000
Speaker 16: deal that was done with me and that.

695
00:33:50,120 --> 00:33:52,160
Speaker 2: All of government deal. When will that be announced and

696
00:33:52,160 --> 00:33:53,160
Speaker 2: will it solve the problem?

697
00:33:54,080 --> 00:33:57,480
Speaker 16: Well, it's currently in negotiation. Ultimately that's about ensuring that

698
00:33:57,520 --> 00:34:01,520
Speaker 16: our schools and hospitals have the the guests supply that

699
00:34:01,520 --> 00:34:04,040
Speaker 16: they need. And ultimately there's a conversation around what the

700
00:34:04,080 --> 00:34:06,600
Speaker 16: price will be. But we can ensure that that has

701
00:34:06,640 --> 00:34:09,000
Speaker 16: being that has been sorted out. But I would just

702
00:34:09,000 --> 00:34:11,240
Speaker 16: say we have an energy shortage problem. This the reason

703
00:34:11,239 --> 00:34:14,560
Speaker 16: we're having these conversations. We don't have energy, and that's

704
00:34:14,600 --> 00:34:16,680
Speaker 16: why we're seriously looking at the importation of l G

705
00:34:16,960 --> 00:34:21,239
Speaker 16: liquified natural guests to actually fill that gap. And well,

706
00:34:21,239 --> 00:34:22,520
Speaker 16: we're making decisions very soon.

707
00:34:22,680 --> 00:34:25,359
Speaker 2: Okay, is the EA doing anything at all?

708
00:34:26,840 --> 00:34:30,040
Speaker 16: Well, I've started work around making sure that there's accurate,

709
00:34:30,280 --> 00:34:32,759
Speaker 16: regular updates been put in place in terms of the

710
00:34:33,640 --> 00:34:35,360
Speaker 16: whether there's price gouging or not happening.

711
00:34:35,360 --> 00:34:38,560
Speaker 2: In started work what But apart from looking at the

712
00:34:38,600 --> 00:34:42,480
Speaker 2: power industry, what does the EA actually do well?

713
00:34:42,760 --> 00:34:45,680
Speaker 16: Their job is to as the regulator. We've had some

714
00:34:45,840 --> 00:34:48,239
Speaker 16: we've had some conversations around what they need to be doing.

715
00:34:49,239 --> 00:34:51,960
Speaker 16: The The reality is their job is to ensure that

716
00:34:52,960 --> 00:34:54,880
Speaker 16: they are regulating the market. But I will just make

717
00:34:54,920 --> 00:34:56,880
Speaker 16: this point, Mike. The end of the day is we

718
00:34:56,960 --> 00:34:58,600
Speaker 16: have a shortage of energy.

719
00:34:59,400 --> 00:35:02,040
Speaker 2: I think we all get that. But I'm focusing on

720
00:35:02,080 --> 00:35:03,719
Speaker 2: the here and now and the hero now seems to

721
00:35:03,719 --> 00:35:05,600
Speaker 2: be a bit chaotic, that's all and all the EAS

722
00:35:05,640 --> 00:35:07,319
Speaker 2: seem to be doing is a dumpty. Do we might

723
00:35:07,320 --> 00:35:09,360
Speaker 2: have a look at the market market's bucket right now?

724
00:35:09,600 --> 00:35:10,839
Speaker 2: Haven't they worked that out?

725
00:35:11,520 --> 00:35:11,719
Speaker 4: Well?

726
00:35:11,880 --> 00:35:14,920
Speaker 16: The market is, the market has no energy. Energy, We

727
00:35:14,960 --> 00:35:17,560
Speaker 16: need to, I say. And so yes, there is work

728
00:35:17,640 --> 00:35:20,760
Speaker 16: being done that there's work being a transpower is consulting

729
00:35:20,800 --> 00:35:24,120
Speaker 16: on bringing forward contingent supply. There'll be an announcement very

730
00:35:24,120 --> 00:35:27,719
Speaker 16: soon around that there's work being done for method next

731
00:35:27,680 --> 00:35:32,160
Speaker 16: dealt wise reducing supply, reducing its demand. So the market is,

732
00:35:32,200 --> 00:35:34,640
Speaker 16: the market is responding, but a lot of these big players,

733
00:35:34,680 --> 00:35:38,120
Speaker 16: it's very chunky and that makes it very challenging in

734
00:35:38,200 --> 00:35:40,960
Speaker 16: terms of how those decisions are made in the impact

735
00:35:41,000 --> 00:35:43,040
Speaker 16: they have. But at the end of the day, all

736
00:35:43,040 --> 00:35:45,320
Speaker 16: of those things can happen. We don't have enough energy

737
00:35:45,400 --> 00:35:47,040
Speaker 16: and that's why we're very focused on how we can

738
00:35:47,080 --> 00:35:48,520
Speaker 16: actually get more supply into the market.

739
00:35:48,680 --> 00:35:50,560
Speaker 2: And you should be appreciated. Geez, they got a lot

740
00:35:50,560 --> 00:35:52,359
Speaker 2: on their plate, haven't they. I mean Simmy and Brown,

741
00:35:52,440 --> 00:35:54,839
Speaker 2: local government minister with us this morning thirteen past seven.

742
00:35:55,320 --> 00:35:57,080
Speaker 2: Might we've seen some real change in the area of

743
00:35:57,120 --> 00:35:59,160
Speaker 2: heritage buildings and the rules around what you can and

744
00:35:59,160 --> 00:36:01,640
Speaker 2: can't do with them. So thinking is, unless it's truly special,

745
00:36:01,680 --> 00:36:03,920
Speaker 2: you know you're old A one, we need to loosen

746
00:36:03,960 --> 00:36:06,000
Speaker 2: the rules allow those who are tied up with derelict

747
00:36:06,040 --> 00:36:08,279
Speaker 2: buildings that you know they can do something with them

748
00:36:08,320 --> 00:36:10,640
Speaker 2: as opposed to just leaving them derelict. Anyway, the Voluntary

749
00:36:10,680 --> 00:36:13,040
Speaker 2: Heritage Group canvenu filled barries with us on this film.

750
00:36:13,040 --> 00:36:16,160
Speaker 2: Morning to you, Good morning mate. This sort of thing

751
00:36:16,200 --> 00:36:19,320
Speaker 2: going to happen or is it just an idea?

752
00:36:19,600 --> 00:36:23,600
Speaker 18: I know we're very positive about the momentum for change.

753
00:36:23,960 --> 00:36:28,040
Speaker 18: The problem is like the current system of protecting heritage

754
00:36:28,120 --> 00:36:32,799
Speaker 18: properties is broken. Councils around the country are adding thousands

755
00:36:32,840 --> 00:36:37,760
Speaker 18: of ordinary homes to lists, imposing huge costs on people

756
00:36:38,320 --> 00:36:42,440
Speaker 18: without owner's consent and without any compensation.

757
00:36:42,880 --> 00:36:45,080
Speaker 2: I'm assuming Chris Bishop gets all this and that's why

758
00:36:45,120 --> 00:36:46,319
Speaker 2: he wants to do something about it.

759
00:36:47,680 --> 00:36:50,480
Speaker 18: I think he does, Mike. I think the second problem

760
00:36:50,560 --> 00:36:54,040
Speaker 18: is that properties that are on the list are being neglected,

761
00:36:54,520 --> 00:36:58,080
Speaker 18: run down and becoming derelict. And yet it's impossible, almost

762
00:36:58,080 --> 00:36:59,520
Speaker 18: impossible to remove.

763
00:36:59,200 --> 00:37:03,240
Speaker 2: The list exactly because to do something it's too expensive,

764
00:37:03,280 --> 00:37:04,600
Speaker 2: too much red tape.

765
00:37:05,320 --> 00:37:08,200
Speaker 18: Too much red tape. And you know, it comes back

766
00:37:08,239 --> 00:37:10,759
Speaker 18: at the end of the day to people's property rights right,

767
00:37:10,840 --> 00:37:15,640
Speaker 18: that basic principle here in this country. And yet thousands

768
00:37:15,640 --> 00:37:20,600
Speaker 18: of ordinary homes have been singled out unfairly, property rights removed,

769
00:37:20,320 --> 00:37:24,480
Speaker 18: and huge costs, and those costs are just being denied

770
00:37:24,520 --> 00:37:28,120
Speaker 18: by the Heritage New Zealand. Yet the reality is in

771
00:37:28,160 --> 00:37:31,120
Speaker 18: this strong empirical evidence of ours that once the house

772
00:37:31,200 --> 00:37:35,080
Speaker 18: is Heritage listed, on average as value goes down by

773
00:37:35,200 --> 00:37:36,839
Speaker 18: betweeneen and thirty.

774
00:37:37,719 --> 00:37:39,520
Speaker 2: Yes, I've dealt with a number of houses in my

775
00:37:39,560 --> 00:37:41,920
Speaker 2: time about it. It's nothing more than a pain in

776
00:37:41,960 --> 00:37:43,600
Speaker 2: the You know what, do you have a timeline on this?

777
00:37:43,640 --> 00:37:45,240
Speaker 2: Do you have any idea when this is going to happen?

778
00:37:46,360 --> 00:37:48,359
Speaker 18: We would love to see it encoded in the next

779
00:37:48,480 --> 00:37:51,040
Speaker 18: rm A reform bill, which I think has been introduced

780
00:37:51,120 --> 00:37:55,280
Speaker 18: later this year. Yeah, it's got to be. It is urgent.

781
00:37:55,440 --> 00:37:58,239
Speaker 2: Couldn't agree more. I I hope it comes out your way. Phil,

782
00:37:58,280 --> 00:38:01,000
Speaker 2: appreciate it. Phil Barry, who's the volunteer Heritage group can

783
00:38:01,000 --> 00:38:04,839
Speaker 2: cleaner Police Commissioner Andrew Costa is he running a racist force?

784
00:38:04,840 --> 00:38:06,720
Speaker 2: He's with us. In about twenty minutes seven to fifteen,

785
00:38:08,120 --> 00:38:08,520
Speaker 2: The Like.

786
00:38:08,600 --> 00:38:13,000
Speaker 1: Asking Breakfast Full Show podcast on iHeartRadio powered by News

787
00:38:13,000 --> 00:38:13,600
Speaker 1: Talks at.

788
00:38:13,480 --> 00:38:16,160
Speaker 2: B America's Cup underway tonight in New Zealand. Time Grant Dalton

789
00:38:16,200 --> 00:38:19,359
Speaker 2: after Wright seventeen past seven New Education Review Office report

790
00:38:19,400 --> 00:38:22,680
Speaker 2: shows half of parents aren't getting vital information from the ecees.

791
00:38:22,719 --> 00:38:26,040
Speaker 2: You know, the kendis about our child's language development, our

792
00:38:26,120 --> 00:38:28,799
Speaker 2: language development, but at COVID and there too much device time,

793
00:38:28,840 --> 00:38:31,520
Speaker 2: all that stuff, the usual business. Ero's deputy Chief Executive

794
00:38:31,560 --> 00:38:34,280
Speaker 2: Ruth Shanoda back with us. Good morning, many. The COVID

795
00:38:34,320 --> 00:38:36,600
Speaker 2: aspect of this work you've done, along with the screen

796
00:38:36,680 --> 00:38:39,839
Speaker 2: time et cetera. Will that do you think eventually wash

797
00:38:40,000 --> 00:38:42,440
Speaker 2: through and we'll get back to some level of normality

798
00:38:42,440 --> 00:38:45,160
Speaker 2: and therefore an improvement in language standards.

799
00:38:46,239 --> 00:38:48,120
Speaker 19: What we think is it really depends on how much

800
00:38:48,120 --> 00:38:50,480
Speaker 19: we're going to be talking with our children. So with

801
00:38:50,640 --> 00:38:52,759
Speaker 19: COVID gone from the back in ec and we know

802
00:38:52,880 --> 00:38:55,280
Speaker 19: that a part of education can make a big difference,

803
00:38:55,320 --> 00:38:58,160
Speaker 19: and teachers are doing some really good practice, but as parents,

804
00:38:58,160 --> 00:39:00,000
Speaker 19: we also need to be getting our kids off screen

805
00:39:00,520 --> 00:39:01,600
Speaker 19: and talking with them more.

806
00:39:02,000 --> 00:39:04,319
Speaker 2: Right, But we did a lot of screen time allegedly

807
00:39:04,440 --> 00:39:06,480
Speaker 2: during COVID. Is that fixed? Do we know? Do we

808
00:39:06,520 --> 00:39:07,360
Speaker 2: have any idea or not?

809
00:39:08,560 --> 00:39:10,560
Speaker 19: We don't know how much screens are currently being used.

810
00:39:10,560 --> 00:39:12,319
Speaker 19: But what we do know is that the more we

811
00:39:12,360 --> 00:39:14,560
Speaker 19: talk with children, the more the language they developed. And

812
00:39:14,560 --> 00:39:17,279
Speaker 19: that's so critical because when they start school they need

813
00:39:17,320 --> 00:39:19,239
Speaker 19: those words so they can learn to read and write them.

814
00:39:19,520 --> 00:39:22,000
Speaker 19: Without that language, literacy really struggles.

815
00:39:22,239 --> 00:39:26,000
Speaker 2: Would they the ECE grouping agree with what you've discovered

816
00:39:26,040 --> 00:39:26,520
Speaker 2: here or not?

817
00:39:27,960 --> 00:39:31,040
Speaker 19: Everyone we've spoken to in child education and for this

818
00:39:31,080 --> 00:39:32,920
Speaker 19: report we spoke to lots of people and went and

819
00:39:32,920 --> 00:39:35,840
Speaker 19: looked at centers across the country agrees that there's some

820
00:39:35,880 --> 00:39:38,640
Speaker 19: really key good practices that teachers do, which makes a

821
00:39:38,680 --> 00:39:41,680
Speaker 19: big difference. It could accelerate literacy by up to a years.

822
00:39:41,680 --> 00:39:43,320
Speaker 19: They're really good quality.

823
00:39:43,239 --> 00:39:46,319
Speaker 2: Ec How variable are the standards when you go into these.

824
00:39:46,239 --> 00:39:51,520
Speaker 19: Places, a child's education does vary. What we saw though,

825
00:39:51,680 --> 00:39:55,160
Speaker 19: in is that most places are really prioritizing spoken language

826
00:39:55,280 --> 00:39:57,440
Speaker 19: and there are some really good practices that they can do,

827
00:39:57,719 --> 00:40:00,000
Speaker 19: but we need to support teachers to use those best practice.

828
00:40:00,680 --> 00:40:02,720
Speaker 19: So one thing we've said particularly is the need support

829
00:40:02,840 --> 00:40:05,600
Speaker 19: is understanding children's progress so that they can tell parents

830
00:40:05,640 --> 00:40:07,959
Speaker 19: about that, because half the parents have said they don't

831
00:40:07,960 --> 00:40:10,760
Speaker 19: really know how well their child's progressing in their language skills,

832
00:40:10,800 --> 00:40:11,560
Speaker 19: and that matters.

833
00:40:11,840 --> 00:40:15,400
Speaker 2: Do they not know because they haven't asked a.

834
00:40:15,400 --> 00:40:18,480
Speaker 19: Bit of a combination there and sometimes parents aren't asking.

835
00:40:18,560 --> 00:40:22,040
Speaker 19: Sometimes centers aren't letting parents know. And what we're saying

836
00:40:22,080 --> 00:40:26,240
Speaker 19: here is actually teachers can do more to understand children's progress,

837
00:40:26,280 --> 00:40:27,799
Speaker 19: and they need a bit more support to do that,

838
00:40:28,200 --> 00:40:30,239
Speaker 19: so then when they go home, parents can practice the

839
00:40:30,320 --> 00:40:32,759
Speaker 19: language that the children need and that will really help

840
00:40:32,800 --> 00:40:33,720
Speaker 19: for when they go to school.

841
00:40:33,800 --> 00:40:35,880
Speaker 2: How much of its EC how much of its parents?

842
00:40:36,040 --> 00:40:36,239
Speaker 9: I mean?

843
00:40:36,280 --> 00:40:38,520
Speaker 2: And we relying too much on the ecs to fix

844
00:40:38,560 --> 00:40:39,320
Speaker 2: all their problems.

845
00:40:40,560 --> 00:40:43,080
Speaker 19: It's definitely what we know works as a combination. So

846
00:40:43,400 --> 00:40:45,560
Speaker 19: we know that EC can make a really big difference,

847
00:40:45,600 --> 00:40:48,800
Speaker 19: and some of those teachers with really good professional knowledge

848
00:40:48,800 --> 00:40:51,320
Speaker 19: the seven times more likely to be doing the best practice.

849
00:40:51,440 --> 00:40:53,600
Speaker 19: But you're right, it's parents as well. It's what we

850
00:40:53,680 --> 00:40:56,480
Speaker 19: do getting our kids off screens, talking with them, having

851
00:40:56,520 --> 00:40:59,880
Speaker 19: conversations so that when they start school they're set up to succeed.

852
00:41:00,000 --> 00:41:02,120
Speaker 2: All right, Ruth preciated at Ruth Shanoda out of the eer.

853
00:41:02,280 --> 00:41:04,040
Speaker 2: Let's get back to this power crisis in a moment.

854
00:41:04,080 --> 00:41:09,799
Speaker 1: Seven twenty the Mike Asking Breakfast Full Show podcast on

855
00:41:10,040 --> 00:41:13,359
Speaker 1: iHeartRadio powered by News Talks be some.

856
00:41:13,400 --> 00:41:15,480
Speaker 2: Very good news from Bailey's Bailey's Real Estate, of course,

857
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872
00:42:01,320 --> 00:42:04,840
Speaker 2: Co dot Inz, Bailee's dot Co dot in Z, Bailey's

873
00:42:04,840 --> 00:42:08,480
Speaker 2: real Estate Altogether Better and Winners licensed under the Area

874
00:42:08,640 --> 00:42:12,160
Speaker 2: Act of two thousand and eight Boschi seven, twenty four.

875
00:42:12,200 --> 00:42:14,400
Speaker 2: A not unfair question to ask as we return to

876
00:42:14,440 --> 00:42:17,160
Speaker 2: the power Crisis of twenty twenty four, is are we

877
00:42:17,360 --> 00:42:19,719
Speaker 2: being told the full story. Tay for the third time,

878
00:42:20,000 --> 00:42:22,560
Speaker 2: third time has been asked to reduce power methodex is

879
00:42:22,560 --> 00:42:24,680
Speaker 2: allegedly and throws of cutting another deal with the government

880
00:42:24,680 --> 00:42:27,440
Speaker 2: over gas. As you just heard, Winstone has already announced

881
00:42:27,440 --> 00:42:30,080
Speaker 2: they're closing. They're not alone. The Major Energy Users group

882
00:42:30,120 --> 00:42:32,319
Speaker 2: this week is asking us, all of us to use

883
00:42:32,360 --> 00:42:35,319
Speaker 2: less power. So how bad is this? Who knows how

884
00:42:35,320 --> 00:42:37,239
Speaker 2: bad this is? Are they not telling us?

885
00:42:37,280 --> 00:42:37,480
Speaker 14: See?

886
00:42:37,480 --> 00:42:39,040
Speaker 2: I read an article that involves one of the mill

887
00:42:39,080 --> 00:42:41,319
Speaker 2: workers right being laid off. He talks of the meeting

888
00:42:41,320 --> 00:42:42,960
Speaker 2: the other day where the boss was in tears. A

889
00:42:43,000 --> 00:42:44,440
Speaker 2: lot of people are in tears. This is a town

890
00:42:44,480 --> 00:42:46,959
Speaker 2: of one thousand people. Two hundred and thirty are losing

891
00:42:46,960 --> 00:42:49,440
Speaker 2: their jobs. People text me and talk of heitching. I mean, yes,

892
00:42:49,480 --> 00:42:51,040
Speaker 2: you can hitch. It's not an unfair point, but you

893
00:42:51,040 --> 00:42:53,360
Speaker 2: can't hitch forever. And a lot of the smaller players

894
00:42:53,520 --> 00:42:56,080
Speaker 2: aren't using enough power to hitch. A major point is

895
00:42:56,080 --> 00:42:58,040
Speaker 2: not the hero now, as Simeon was trying to point out,

896
00:42:58,080 --> 00:43:00,359
Speaker 2: it's the fact. It's the fact it's not a one off.

897
00:43:01,040 --> 00:43:04,480
Speaker 2: Each and every winter, Transpower tells us about cold mornings

898
00:43:04,480 --> 00:43:07,239
Speaker 2: and supply issues. This is at the same time that

899
00:43:07,320 --> 00:43:09,719
Speaker 2: whatever the power companies are investing in clearly doesn't cover

900
00:43:09,760 --> 00:43:12,200
Speaker 2: the gap and clearly doesn't take into account evs, data

901
00:43:12,280 --> 00:43:15,640
Speaker 2: centers AI. If an aluminium smelter can't do what it

902
00:43:15,680 --> 00:43:18,120
Speaker 2: wants to do, and if a mill can't even open,

903
00:43:18,400 --> 00:43:21,040
Speaker 2: we aren't really forging ahead and a new tomorrow? Are we?

904
00:43:21,040 --> 00:43:23,680
Speaker 2: With AI and data centers springing up all over the place?

905
00:43:24,160 --> 00:43:27,120
Speaker 2: Methodex is now a company that sells gas, not produces methane?

906
00:43:27,200 --> 00:43:29,359
Speaker 2: How many people are giving up? How much to scrape through?

907
00:43:29,480 --> 00:43:32,719
Speaker 2: And if we scrape through? What then? Apart from the

908
00:43:32,719 --> 00:43:35,640
Speaker 2: sigh of relief? What then? What's the plan? Is the

909
00:43:35,680 --> 00:43:38,640
Speaker 2: investment as it stands providing us with a future proof

910
00:43:38,719 --> 00:43:41,080
Speaker 2: level of power or not? Does anyone really know? I mean,

911
00:43:41,080 --> 00:43:42,719
Speaker 2: I don't blame the worker in the article, but he

912
00:43:42,760 --> 00:43:45,640
Speaker 2: asked why the government doesn't bail the mill out given

913
00:43:45,640 --> 00:43:47,680
Speaker 2: Mercury supply the power to the mill and the government

914
00:43:47,680 --> 00:43:50,160
Speaker 2: own a big steak in Mercury. See, when you're asking

915
00:43:50,239 --> 00:43:54,839
Speaker 2: questions like that, pretty much everything is broken. Asking might

916
00:43:54,880 --> 00:43:57,719
Speaker 2: correct me if I'm wrong, But usually if there's a

917
00:43:57,719 --> 00:43:59,759
Speaker 2: shortage or a glut of a product, that doesn't mean

918
00:43:59,760 --> 00:44:02,280
Speaker 2: that it costs more or less to produce. Somewhere along

919
00:44:02,280 --> 00:44:05,160
Speaker 2: the line someone sees the advantage and charges more during

920
00:44:05,160 --> 00:44:07,600
Speaker 2: a shortage. You've nailed it on the hat. It's the

921
00:44:07,680 --> 00:44:10,759
Speaker 2: Gen Taylor problem. So what they're producing is all they

922
00:44:10,760 --> 00:44:14,040
Speaker 2: can produce because the mechanism that they produce under, whether

923
00:44:14,080 --> 00:44:15,879
Speaker 2: it be when there is no wind blowing at the moment,

924
00:44:16,000 --> 00:44:18,239
Speaker 2: sola doesn't really work in this country, and of course

925
00:44:18,320 --> 00:44:21,319
Speaker 2: hydra hasn't rained, therefore the lakes are down. So what

926
00:44:21,440 --> 00:44:24,000
Speaker 2: they're doing at the moment by bumping the spot price

927
00:44:24,360 --> 00:44:27,520
Speaker 2: is trying to convince you to use less. In some

928
00:44:27,719 --> 00:44:30,960
Speaker 2: cases it's so much less you can't open your mill anymore.

929
00:44:31,239 --> 00:44:33,839
Speaker 2: In some cases it's so much less you can't make

930
00:44:33,960 --> 00:44:37,560
Speaker 2: enough aluminium, and that then distributes the power that you

931
00:44:37,640 --> 00:44:40,160
Speaker 2: have around the place. It's a classic supply demand. There

932
00:44:40,200 --> 00:44:43,360
Speaker 2: is more demand than there is supply, and they don't

933
00:44:43,480 --> 00:44:46,359
Speaker 2: have the ability to increase the supply. The only thing

934
00:44:46,360 --> 00:44:48,640
Speaker 2: they can do, and I think it'll come today, Transpower

935
00:44:48,719 --> 00:44:50,400
Speaker 2: is probably going to announce that we can dip into

936
00:44:50,440 --> 00:44:53,719
Speaker 2: our emergency water reserves. But unless you're making more, which

937
00:44:53,760 --> 00:44:55,279
Speaker 2: is the thing that some men was trying to point out.

938
00:44:55,360 --> 00:44:59,040
Speaker 2: Unless you're making more, you have to do less, and

939
00:44:59,160 --> 00:45:02,239
Speaker 2: doing less is not an economic model, and in that

940
00:45:02,400 --> 00:45:04,479
Speaker 2: is the problem. And so what we need the most

941
00:45:04,480 --> 00:45:07,840
Speaker 2: reliable thing is rain. We can't control the rain and gas.

942
00:45:08,040 --> 00:45:10,319
Speaker 2: To get gas, you got to look for gas. Why

943
00:45:10,360 --> 00:45:13,000
Speaker 2: aren't we looking for gas? That's right. The dickheads who

944
00:45:13,080 --> 00:45:15,480
Speaker 2: ran this country for the last six years told us

945
00:45:15,520 --> 00:45:17,640
Speaker 2: we weren't doing that anymore because we didn't need to.

946
00:45:18,000 --> 00:45:23,240
Speaker 2: How plain dumb wrong were they? Is Andrew Costa running

947
00:45:23,280 --> 00:45:25,879
Speaker 2: a racist police force? Let's ask him that question after

948
00:45:25,920 --> 00:45:27,719
Speaker 2: the news, which is next to news talks ed.

949
00:45:27,719 --> 00:45:33,560
Speaker 1: Be big news, bold opinions. The mic Hosking breakfast with

950
00:45:33,840 --> 00:45:39,200
Speaker 1: the range rover villa designed to intrigue and use talks Headbmercus.

951
00:45:38,440 --> 00:45:41,239
Speaker 2: Cup starts tonight Grant dottling with us from Spain after

952
00:45:41,239 --> 00:45:43,560
Speaker 2: eight o'clock this morning meantime and twenty three minutes away

953
00:45:43,560 --> 00:45:45,080
Speaker 2: from a So what do we make of this report?

954
00:45:45,120 --> 00:45:47,480
Speaker 2: And to so called police racism? There isn't enough fairness

955
00:45:47,520 --> 00:45:50,719
Speaker 2: and equity in police and services. Apparently the issues are systemic.

956
00:45:51,000 --> 00:45:53,720
Speaker 2: The policeman commissioned that. Andrew Costa with us good.

957
00:45:53,560 --> 00:45:54,799
Speaker 9: Morning, Good morning, Mike.

958
00:45:55,000 --> 00:45:57,480
Speaker 2: I'm getting mixed messages out of this report. Are you

959
00:45:57,600 --> 00:45:58,239
Speaker 2: racist or not?

960
00:46:00,239 --> 00:46:05,960
Speaker 17: The report has found gaps in relation to outcomes for

961
00:46:06,600 --> 00:46:09,879
Speaker 17: people depending on their background. However, the report has also

962
00:46:09,920 --> 00:46:12,359
Speaker 17: found that many of those gaps can be explained by

963
00:46:12,440 --> 00:46:16,120
Speaker 17: things that occur upstream of police for example, drug and

964
00:46:16,160 --> 00:46:19,359
Speaker 17: alcohol is shoes, mental health issues and so on. So

965
00:46:19,719 --> 00:46:24,279
Speaker 17: the outcomes are actually very confirmatory of what police would

966
00:46:24,320 --> 00:46:26,480
Speaker 17: say about what they encounter.

967
00:46:26,920 --> 00:46:30,319
Speaker 2: Is this robust research. It seems to be based more

968
00:46:30,360 --> 00:46:33,920
Speaker 2: on a vibe than hard statistical data.

969
00:46:35,800 --> 00:46:38,440
Speaker 17: It is robust and it's been done by respected researchers

970
00:46:38,440 --> 00:46:45,160
Speaker 17: and overseeing by experienced research panel. There are different methodologies

971
00:46:45,239 --> 00:46:48,480
Speaker 17: have been used, and of course you know there's a

972
00:46:48,520 --> 00:46:52,720
Speaker 17: mix of data where it's available and then also speaking

973
00:46:52,760 --> 00:46:55,320
Speaker 17: to people's lived experience if you like. So it is

974
00:46:55,360 --> 00:46:56,280
Speaker 17: a mix of methodology.

975
00:46:56,400 --> 00:46:56,560
Speaker 9: Right.

976
00:46:56,600 --> 00:46:58,520
Speaker 2: So when they say you're more likely to be stopped

977
00:46:58,480 --> 00:47:00,400
Speaker 2: ifview Maori, how do they come to that conclusion?

978
00:47:03,920 --> 00:47:07,719
Speaker 17: That conclusion is difficult based on data. The data that

979
00:47:07,760 --> 00:47:10,960
Speaker 17: we're strongest on is around prosecutions, where we have a

980
00:47:10,960 --> 00:47:14,279
Speaker 17: pretty rich data set. That one's really interesting because the

981
00:47:14,360 --> 00:47:17,479
Speaker 17: raw data might suggest that Maria is much as three

982
00:47:17,520 --> 00:47:21,239
Speaker 17: times more likely to be prosecuted three hundred percent, but

983
00:47:21,440 --> 00:47:24,279
Speaker 17: when you account for offending history has been seriously, it's

984
00:47:24,320 --> 00:47:26,400
Speaker 17: more like twelve percent exactly.

985
00:47:26,600 --> 00:47:30,200
Speaker 2: So that was my next question. So surely you are

986
00:47:30,239 --> 00:47:33,280
Speaker 2: more likely to be charged if you're already in the system,

987
00:47:33,560 --> 00:47:36,360
Speaker 2: you're known to the police, and you commit yet another crime.

988
00:47:36,400 --> 00:47:37,920
Speaker 2: I mean, why wouldn't you get charged. The fact you

989
00:47:37,960 --> 00:47:40,480
Speaker 2: happened to be Maor's neither here nor there. You're a criminal.

990
00:47:41,640 --> 00:47:46,280
Speaker 17: Yeah, So the strongest driver, likelihod to charge is actually

991
00:47:46,280 --> 00:47:48,879
Speaker 17: if you're a member of a gang, who roughly two

992
00:47:48,920 --> 00:47:51,640
Speaker 17: hundred percent more likely to be charged non gang members.

993
00:47:52,239 --> 00:47:59,359
Speaker 17: And then factors like previous offending age shows you know,

994
00:47:59,680 --> 00:48:02,440
Speaker 17: as I could have as a sort of factor. So

995
00:48:04,080 --> 00:48:05,560
Speaker 17: there are whole lot of things that come into it.

996
00:48:05,640 --> 00:48:08,279
Speaker 17: But in the end, the report does suggest that please

997
00:48:08,320 --> 00:48:11,520
Speaker 17: significantly deal with what is in front of them and

998
00:48:11,880 --> 00:48:12,920
Speaker 17: make the Yeah.

999
00:48:13,000 --> 00:48:14,759
Speaker 2: See, I'm trying to defend you on this because I

1000
00:48:14,880 --> 00:48:16,840
Speaker 2: just if you're a member of the gang. Once again,

1001
00:48:16,960 --> 00:48:19,160
Speaker 2: the fact that you're Maori is neither here nor there.

1002
00:48:19,200 --> 00:48:21,080
Speaker 2: Now that a lot of Marian gangs, but we know that.

1003
00:48:21,120 --> 00:48:22,680
Speaker 2: But I mean, if you're a gang member who breaks

1004
00:48:22,719 --> 00:48:24,440
Speaker 2: the law, I would expect you, as the police to

1005
00:48:24,480 --> 00:48:26,439
Speaker 2: do something about it. What's that got to do with race?

1006
00:48:28,640 --> 00:48:33,080
Speaker 17: And we know that gangs are very prominent and offending

1007
00:48:33,120 --> 00:48:35,600
Speaker 17: in our communities, it dealing drugs and whatever else, and

1008
00:48:35,640 --> 00:48:38,520
Speaker 17: that doesn't form the approach our people take now. To

1009
00:48:38,560 --> 00:48:41,600
Speaker 17: be fair, there is still an unexplained gap and some

1010
00:48:41,680 --> 00:48:43,399
Speaker 17: of the work that we need to continue to do.

1011
00:48:43,480 --> 00:48:46,120
Speaker 17: But that unexplained gap has been reducing at quite a rate.

1012
00:48:46,280 --> 00:48:51,720
Speaker 17: So five years ago it was nineteen percent. As of

1013
00:48:51,920 --> 00:48:55,359
Speaker 17: this research, it's now at twelve percent. So there are

1014
00:48:55,360 --> 00:48:58,680
Speaker 17: things that are also making shift there in a positive way.

1015
00:48:58,800 --> 00:49:01,000
Speaker 2: Correct me if I'm wrong, But part of the problem

1016
00:49:01,160 --> 00:49:03,000
Speaker 2: solving that you would be under eye as far as

1017
00:49:03,000 --> 00:49:04,920
Speaker 2: I can work out from my casual observation of the

1018
00:49:04,920 --> 00:49:06,640
Speaker 2: police force in this country, it would be one of

1019
00:49:06,719 --> 00:49:09,880
Speaker 2: the most multicultural operations going. Is that not true? And

1020
00:49:09,920 --> 00:49:12,040
Speaker 2: if it is true, surely that would help address the

1021
00:49:12,120 --> 00:49:13,960
Speaker 2: perceived problem.

1022
00:49:14,320 --> 00:49:18,560
Speaker 17: Yeah, it's incredibly diverse, and the young people coming in

1023
00:49:18,600 --> 00:49:22,000
Speaker 17: to our organization today are very alive to these issues

1024
00:49:22,520 --> 00:49:25,359
Speaker 17: and they are very careful. So I have a huge

1025
00:49:25,400 --> 00:49:28,160
Speaker 17: amount of conference in how people. We're dealing with very

1026
00:49:28,160 --> 00:49:32,560
Speaker 17: difficult situations every day. But it is a great police service.

1027
00:49:32,760 --> 00:49:34,680
Speaker 2: Right While I've got you a couple of other things.

1028
00:49:34,680 --> 00:49:38,120
Speaker 2: The layoffs announced yesterday. Swear hand on heart. There are

1029
00:49:38,120 --> 00:49:39,799
Speaker 2: no frontline people being affected by this.

1030
00:49:42,400 --> 00:49:46,400
Speaker 17: All of the roles that are in focus in there

1031
00:49:46,480 --> 00:49:49,920
Speaker 17: are a non frontline roles, so they are in the

1032
00:49:49,920 --> 00:49:53,040
Speaker 17: corporate support area. Now, you don't get a frontline officer

1033
00:49:53,320 --> 00:49:56,120
Speaker 17: on the street without a car and a property to

1034
00:49:56,120 --> 00:49:59,279
Speaker 17: be based in and technology to support them, and so

1035
00:49:59,440 --> 00:50:03,960
Speaker 17: these roles do relate to some of those areas, but

1036
00:50:04,080 --> 00:50:06,240
Speaker 17: none of the roles impacted are frontline roles.

1037
00:50:06,320 --> 00:50:07,000
Speaker 2: Can you cope?

1038
00:50:09,320 --> 00:50:13,640
Speaker 17: Look, we're a big organization. It's a large number, but

1039
00:50:13,719 --> 00:50:16,799
Speaker 17: as a percentage, it's not huge. And in the end,

1040
00:50:17,080 --> 00:50:18,799
Speaker 17: have and finance as the type we've been asked to

1041
00:50:18,800 --> 00:50:20,560
Speaker 17: make a contribution, and that's what we have to do.

1042
00:50:20,800 --> 00:50:23,759
Speaker 2: The Auckland CBD stats crime is coming down, People on

1043
00:50:23,800 --> 00:50:27,400
Speaker 2: the beat is working. Do you believe the numbers?

1044
00:50:27,760 --> 00:50:27,960
Speaker 14: Yeah?

1045
00:50:28,000 --> 00:50:30,960
Speaker 17: I do, And those numbers have been on a gradual

1046
00:50:31,040 --> 00:50:36,360
Speaker 17: decline since about March twenty twenty three. Now there's a

1047
00:50:36,360 --> 00:50:38,880
Speaker 17: lot more work to do, and I do think that

1048
00:50:38,920 --> 00:50:42,239
Speaker 17: we're making progress. A lot of the issues are in

1049
00:50:42,320 --> 00:50:46,240
Speaker 17: sort of anti social behavior more so than criminal offending,

1050
00:50:46,719 --> 00:50:49,120
Speaker 17: and those problems are a bit stickier to address and

1051
00:50:49,160 --> 00:50:51,560
Speaker 17: needs a broader effort. But yep, I think we're making

1052
00:50:51,560 --> 00:50:52,040
Speaker 17: a difference.

1053
00:50:52,080 --> 00:50:54,399
Speaker 2: And the formal warning issue, you've got that the court

1054
00:50:54,440 --> 00:50:56,920
Speaker 2: has found that if the person didn't agree with you,

1055
00:50:57,000 --> 00:51:00,400
Speaker 2: then it's illegal. Were you handing out formal warning in

1056
00:51:00,480 --> 00:51:03,000
Speaker 2: lieu of arresting people and doing proper policing or not.

1057
00:51:04,760 --> 00:51:07,520
Speaker 17: I'll give you the most likely one of the scenarios

1058
00:51:07,560 --> 00:51:10,479
Speaker 17: that featured in formal warnings, and it's the situation where

1059
00:51:10,520 --> 00:51:15,759
Speaker 17: you have, say, a sexual assault allegation, you don't have

1060
00:51:15,920 --> 00:51:20,800
Speaker 17: enough evidence to pursue it in court, and the offender

1061
00:51:21,480 --> 00:51:25,040
Speaker 17: was willing to accept a warning but wouldn't admit the offending.

1062
00:51:26,040 --> 00:51:29,280
Speaker 17: That was quite often a good closure for a complainant

1063
00:51:29,360 --> 00:51:32,120
Speaker 17: because they would at least feel like the person has

1064
00:51:32,160 --> 00:51:37,560
Speaker 17: had bet addressed. But the court's regularly said basically, if

1065
00:51:37,560 --> 00:51:40,000
Speaker 17: you can't prove it in court, then you can't give

1066
00:51:40,320 --> 00:51:44,520
Speaker 17: a warning, and so that significantly reduces the opportunity for that.

1067
00:51:44,520 --> 00:51:47,239
Speaker 2: Kind of activity that make your life more difficult.

1068
00:51:49,480 --> 00:51:52,040
Speaker 17: Look at in the end, that's what the law says.

1069
00:51:53,360 --> 00:51:56,120
Speaker 17: I do think that that resolution made a difference for

1070
00:51:56,239 --> 00:51:58,960
Speaker 17: some complainants who maybe didn't want to go through a

1071
00:51:59,000 --> 00:52:03,399
Speaker 17: court process, but felt like the offending head at least

1072
00:52:03,400 --> 00:52:07,120
Speaker 17: being addressed in some way. But you know, in the end,

1073
00:52:07,120 --> 00:52:09,080
Speaker 17: if we if we can't prove it, the law sees

1074
00:52:09,120 --> 00:52:10,000
Speaker 17: we can't woman for it.

1075
00:52:10,239 --> 00:52:11,120
Speaker 9: And that's kind of where we are.

1076
00:52:11,160 --> 00:52:14,200
Speaker 2: Okay, appreciate it. Andrew costa police commissioner seventeen to Ike.

1077
00:52:15,160 --> 00:52:19,680
Speaker 1: The Mic asking Breakfast Full Show podcast on iHeartRadio powered

1078
00:52:19,680 --> 00:52:20,400
Speaker 1: by News Talks.

1079
00:52:20,400 --> 00:52:23,520
Speaker 2: It'd be a robust response to mister Costas. Some of

1080
00:52:23,560 --> 00:52:25,960
Speaker 2: you thought you did quite well. Others didn't think so.

1081
00:52:26,360 --> 00:52:28,920
Speaker 2: Morning Mike's the usual story, really, Morning Mike. As an electrician,

1082
00:52:28,960 --> 00:52:30,440
Speaker 2: I'm held to account for the work I carry out

1083
00:52:30,480 --> 00:52:32,319
Speaker 2: for many years after completion. If I bug it up,

1084
00:52:32,360 --> 00:52:35,000
Speaker 2: I'm held accountable and possibly sent a court. Please explain

1085
00:52:35,040 --> 00:52:37,640
Speaker 2: why we can't hold the previous government to account for

1086
00:52:37,680 --> 00:52:41,320
Speaker 2: their actions your reference to the power crisis. The answer

1087
00:52:41,440 --> 00:52:43,600
Speaker 2: is we do. It's called an election, and it's every

1088
00:52:43,640 --> 00:52:45,080
Speaker 2: three years, and if we don't like what they do,

1089
00:52:45,080 --> 00:52:47,000
Speaker 2: we boot the mount Mike. It was recently announced fifty

1090
00:52:47,000 --> 00:52:49,160
Speaker 2: percent of passenger cars in China and our evs. You

1091
00:52:49,200 --> 00:52:51,319
Speaker 2: may want to bring some balance to your observations and

1092
00:52:51,320 --> 00:52:53,399
Speaker 2: consider the trend of the largest car marker in the world. Yeah,

1093
00:52:53,400 --> 00:52:56,920
Speaker 2: I could, and you're right, but it's the fact it's

1094
00:52:56,960 --> 00:52:58,719
Speaker 2: the largest car marker in the world doesn't make any

1095
00:52:58,719 --> 00:53:00,759
Speaker 2: difference They have to do with the rest of the

1096
00:53:00,800 --> 00:53:02,840
Speaker 2: world because they're largely cut off car wise from the

1097
00:53:02,880 --> 00:53:06,120
Speaker 2: rest of the world in the sense that the government,

1098
00:53:06,160 --> 00:53:08,080
Speaker 2: because of who they are, tells people what to buy.

1099
00:53:08,520 --> 00:53:10,680
Speaker 2: And the EV market and asked the Europeans about this

1100
00:53:10,920 --> 00:53:13,920
Speaker 2: is heavily subsidized by the Chinese government. They're putting these

1101
00:53:14,000 --> 00:53:16,200
Speaker 2: cars out into the world. And what will become, if

1102
00:53:16,200 --> 00:53:19,799
Speaker 2: it hasn't already, a massive priced war, and prices will

1103
00:53:19,800 --> 00:53:21,560
Speaker 2: plummet on cars. Whether you want to buy one of

1104
00:53:21,560 --> 00:53:23,080
Speaker 2: these cars is up to you, of course or not.

1105
00:53:23,120 --> 00:53:25,040
Speaker 2: But the Chinese do what the Chinese government tell them

1106
00:53:25,080 --> 00:53:26,800
Speaker 2: to do. So the fact that's fifty percent of EV's

1107
00:53:26,840 --> 00:53:28,640
Speaker 2: being sold is because the Chinese government are telling them

1108
00:53:28,640 --> 00:53:30,719
Speaker 2: to buy EV's, because they're pumping up the market. It's

1109
00:53:30,719 --> 00:53:32,160
Speaker 2: as simple as that. When you get out into the

1110
00:53:32,160 --> 00:53:34,680
Speaker 2: real world, the free world, where you actually have a choice,

1111
00:53:34,680 --> 00:53:37,600
Speaker 2: people have decided they're not as enamored with them. Mike,

1112
00:53:37,640 --> 00:53:39,640
Speaker 2: I'd like to know what the ex professions of the

1113
00:53:39,719 --> 00:53:42,719
Speaker 2: whining councilors that lux and gave a rocket to are

1114
00:53:43,120 --> 00:53:45,160
Speaker 2: they clearly have never had to deal with reality. Yeah,

1115
00:53:45,200 --> 00:53:48,040
Speaker 2: I was disappointed in the response yesterday and the Prime

1116
00:53:48,040 --> 00:53:51,120
Speaker 2: Minister explain very very clearly what he expects and they

1117
00:53:51,120 --> 00:53:53,440
Speaker 2: didn't like it, and they didn't quite boo them, but

1118
00:53:53,480 --> 00:53:55,880
Speaker 2: they groaned in listening to the speech. Of a bit

1119
00:53:55,920 --> 00:53:57,920
Speaker 2: of groaning when he pointed out they're in a fabulous

1120
00:53:57,960 --> 00:54:00,439
Speaker 2: facility standing in this nine hundred and eighty million hall

1121
00:54:00,960 --> 00:54:03,040
Speaker 2: while he had to weighe knee deep through water yet

1122
00:54:03,080 --> 00:54:05,480
Speaker 2: again in Wellington. There's something fundamentally gone wrong with the

1123
00:54:05,480 --> 00:54:08,439
Speaker 2: way that counsels approach and what I want to see.

1124
00:54:08,440 --> 00:54:11,040
Speaker 2: And this applies to the electricity thing as well. And

1125
00:54:11,080 --> 00:54:13,760
Speaker 2: Shane Jones needs to watch himself. Shane Jones at times

1126
00:54:13,760 --> 00:54:15,520
Speaker 2: looks like and he's very good at the one liner,

1127
00:54:15,520 --> 00:54:18,040
Speaker 2: and he gets plenty of headlines for it. But yesterday

1128
00:54:18,040 --> 00:54:21,520
Speaker 2: he was talking about ridiculously high prices for power and

1129
00:54:21,560 --> 00:54:24,200
Speaker 2: he's worried about regional New Zealand, as indeed he well

1130
00:54:24,280 --> 00:54:27,600
Speaker 2: might be and indeed well should be. But bagging people

1131
00:54:27,680 --> 00:54:30,839
Speaker 2: for things that aren't working only go so far, and

1132
00:54:30,880 --> 00:54:34,759
Speaker 2: it's normally the domain of an opposition politician. He is

1133
00:54:34,800 --> 00:54:37,520
Speaker 2: in the position to do something about it. A Simme

1134
00:54:37,600 --> 00:54:39,719
Speaker 2: and Brown is in the position to do something about it.

1135
00:54:39,960 --> 00:54:43,120
Speaker 2: Christoph Luxon is in the position to do something about it.

1136
00:54:43,160 --> 00:54:44,840
Speaker 2: And I was disappointed, as I pointed out in the

1137
00:54:44,840 --> 00:54:47,280
Speaker 2: program the other day, with Nicola Willis posts the ComCom

1138
00:54:47,320 --> 00:54:49,680
Speaker 2: report into the banking if she wants. I'm not saying

1139
00:54:49,719 --> 00:54:52,040
Speaker 2: she right or wrong. I'm just saying stop talking about it,

1140
00:54:52,120 --> 00:54:55,200
Speaker 2: Stop running your one liners, Stop telling us about democracy

1141
00:54:55,239 --> 00:54:57,440
Speaker 2: and select committees. If you want to do something about it,

1142
00:54:57,560 --> 00:55:00,359
Speaker 2: do it. Stop talking do it. If if you want

1143
00:55:00,360 --> 00:55:03,680
Speaker 2: to price cap counsels, do it. Don't say don't threaten them,

1144
00:55:04,000 --> 00:55:06,320
Speaker 2: don't talk about buildings and things they should or shouldn't

1145
00:55:06,320 --> 00:55:08,319
Speaker 2: be doing. Do it. Use your power, because I tell

1146
00:55:08,320 --> 00:55:10,799
Speaker 2: you this for nothing. Before you know it, it's going

1147
00:55:10,840 --> 00:55:13,760
Speaker 2: to be October of twenty twenty six. And what voters

1148
00:55:13,800 --> 00:55:15,480
Speaker 2: ask from a government is what you did, not what

1149
00:55:15,560 --> 00:55:17,440
Speaker 2: you talked about, not what you thought you might do,

1150
00:55:18,040 --> 00:55:20,080
Speaker 2: not how many one lines you delivered, It's what you

1151
00:55:20,280 --> 00:55:23,880
Speaker 2: actually did. What with the delivererals are deliverables? Are we

1152
00:55:23,920 --> 00:55:26,000
Speaker 2: better off? And if we're not guess what happens. Then

1153
00:55:26,120 --> 00:55:28,200
Speaker 2: you're held accountable. Turn away from.

1154
00:55:28,080 --> 00:55:30,920
Speaker 1: Ape the host breakfast with.

1155
00:55:33,560 --> 00:55:36,520
Speaker 2: Seven, Away from a full circle story for your supermoon.

1156
00:55:36,640 --> 00:55:39,760
Speaker 2: As in the jewelry retailer founded in two thousand, sold

1157
00:55:39,760 --> 00:55:43,439
Speaker 2: in twenty seventeen, fell into liquidation earlier this year into

1158
00:55:43,520 --> 00:55:46,480
Speaker 2: simonth Wade. He's gone and bought the thing. What's significant

1159
00:55:46,480 --> 00:55:48,640
Speaker 2: about that? He was the founder and he's with the

1160
00:55:48,719 --> 00:55:49,480
Speaker 2: Simon Morning to.

1161
00:55:49,520 --> 00:55:51,160
Speaker 13: You, Morning Mike.

1162
00:55:51,360 --> 00:55:56,359
Speaker 2: Emotional, the moon emotional? What do I call it?

1163
00:55:56,960 --> 00:55:58,759
Speaker 13: I think you said supermoon, which sounds good.

1164
00:55:58,800 --> 00:56:00,600
Speaker 2: Oh no, I got no, No, I said the moon. No,

1165
00:56:00,719 --> 00:56:04,320
Speaker 2: there is a supermoon I could have. I mean, so anyway,

1166
00:56:04,320 --> 00:56:07,680
Speaker 2: my apologies. If I did silver Moon, I know, emotional or

1167
00:56:07,719 --> 00:56:10,439
Speaker 2: business a bit of both.

1168
00:56:10,960 --> 00:56:13,319
Speaker 13: When I heard it went into into liquidation, that was

1169
00:56:13,600 --> 00:56:16,799
Speaker 13: fresh head. Do I think? Yeah? I think there's an

1170
00:56:16,800 --> 00:56:17,959
Speaker 13: opportunity there for sure.

1171
00:56:18,680 --> 00:56:23,279
Speaker 2: And so in starting it and then selling it and

1172
00:56:23,320 --> 00:56:26,400
Speaker 2: then going into liquidation, is that a victim of the times,

1173
00:56:26,400 --> 00:56:28,919
Speaker 2: because twenty seventeen through now we all know what we've

1174
00:56:28,960 --> 00:56:30,480
Speaker 2: been through. Is that a victim of the times? Or

1175
00:56:30,560 --> 00:56:33,399
Speaker 2: was something done wrong without banging the person who ended

1176
00:56:33,440 --> 00:56:34,480
Speaker 2: up in that predicament.

1177
00:56:35,800 --> 00:56:37,680
Speaker 13: It's hard for me to say from the outside, but

1178
00:56:38,200 --> 00:56:42,160
Speaker 13: certainly we were successful. But times have been tougher than

1179
00:56:42,200 --> 00:56:46,200
Speaker 13: you've had COVID, than you've had cost of living crisis. Yeah,

1180
00:56:46,440 --> 00:56:51,640
Speaker 13: it's been. It's been pretty grim. Yeah, hard to stay

1181
00:56:51,680 --> 00:56:52,680
Speaker 13: from the outside.

1182
00:56:52,400 --> 00:56:54,879
Speaker 2: And when and looking at what you've picked up, what

1183
00:56:54,960 --> 00:56:57,160
Speaker 2: have you picked up in terms of, you know, how

1184
00:56:57,200 --> 00:56:58,200
Speaker 2: doable it all is.

1185
00:57:00,080 --> 00:57:03,400
Speaker 13: We haven't picked up any stores, so we're very excited

1186
00:57:03,400 --> 00:57:08,040
Speaker 13: about the website. They were doing well online and habits

1187
00:57:08,040 --> 00:57:12,759
Speaker 13: have changed. People are shopping more online. We opened the

1188
00:57:12,800 --> 00:57:15,920
Speaker 13: website yesterday. Tomorrow we do open our first store the

1189
00:57:16,000 --> 00:57:20,040
Speaker 13: Riverside Markets and Christudents, so we will have a store presence,

1190
00:57:20,040 --> 00:57:22,480
Speaker 13: and then in November we opened at the Hornby Hub.

1191
00:57:23,000 --> 00:57:27,280
Speaker 2: So yeah, slowly, but you've got expansion plans.

1192
00:57:27,760 --> 00:57:30,720
Speaker 13: We've got expansion plans, but it's going to be something

1193
00:57:30,720 --> 00:57:33,480
Speaker 13: that we do organically, make sure that each stores a

1194
00:57:33,520 --> 00:57:37,640
Speaker 13: profit sent everything's working, and don't go too quick.

1195
00:57:37,840 --> 00:57:40,120
Speaker 2: So what are you? Are you a jeweler or an entrepreneur?

1196
00:57:40,720 --> 00:57:45,240
Speaker 13: We're both definitely not a jewel definitely an entrepreneur, businessman,

1197
00:57:45,680 --> 00:57:46,760
Speaker 13: whatever you want to call me.

1198
00:57:46,960 --> 00:57:49,680
Speaker 2: Yeah, So what do you do once you sold silber Moon.

1199
00:57:50,800 --> 00:57:53,760
Speaker 13: I became a dirty old landlord. I went into commercial property,

1200
00:57:54,680 --> 00:58:00,160
Speaker 13: commercial property, and looks it's good, it's fun, but to

1201
00:58:00,200 --> 00:58:03,840
Speaker 13: a dry compared to the retail and jewelry and all

1202
00:58:03,880 --> 00:58:05,520
Speaker 13: the fund that's hopefully ahead.

1203
00:58:05,760 --> 00:58:07,760
Speaker 2: Do you like jewelry? I mean, are you in it

1204
00:58:07,840 --> 00:58:08,160
Speaker 2: for that?

1205
00:58:09,400 --> 00:58:13,560
Speaker 13: Love it? Yeah? Used to really enjoy the product and

1206
00:58:14,400 --> 00:58:16,360
Speaker 13: the splies, all the suplies that come back on board.

1207
00:58:16,400 --> 00:58:18,560
Speaker 13: So we reached out to them and they said, yep,

1208
00:58:18,720 --> 00:58:20,760
Speaker 13: every single quite you.

1209
00:58:20,800 --> 00:58:22,919
Speaker 2: Got programmer and Karen Walker and those sort of lines,

1210
00:58:22,960 --> 00:58:24,640
Speaker 2: haven't you boy rang and.

1211
00:58:24,640 --> 00:58:28,960
Speaker 13: Karen Walker, solent girl friends involved. We didn't get a

1212
00:58:29,000 --> 00:58:31,560
Speaker 13: single no, And obviously a couple of them might have

1213
00:58:31,640 --> 00:58:35,040
Speaker 13: been mod so he could have been expecting a bit

1214
00:58:35,080 --> 00:58:38,600
Speaker 13: of a bad response, but that never happened. So Yeah,

1215
00:58:38,720 --> 00:58:39,000
Speaker 13: took the.

1216
00:58:39,000 --> 00:58:41,720
Speaker 2: Plane just explained it to us in a time of

1217
00:58:41,800 --> 00:58:46,280
Speaker 2: great difficulty economically speaking, why you would bother or is

1218
00:58:46,320 --> 00:58:49,080
Speaker 2: it just that connection you had with it? Or do

1219
00:58:49,120 --> 00:58:50,880
Speaker 2: people like you just do what you want to do

1220
00:58:50,920 --> 00:58:51,920
Speaker 2: no matter what's going on.

1221
00:58:52,880 --> 00:58:55,280
Speaker 13: Ah, Look, I take from a free news today call

1222
00:58:55,280 --> 00:58:58,520
Speaker 13: them a massachist. So you could be right, Mike Butler.

1223
00:58:59,280 --> 00:59:04,040
Speaker 13: We're coming from a reasonably strong financial background. We think

1224
00:59:04,040 --> 00:59:07,600
Speaker 13: there's a very low risk. Riverside Market opens tomorrow week.

1225
00:59:07,640 --> 00:59:11,439
Speaker 13: We think that's a hidden gym and costume. Yes, it's

1226
00:59:11,480 --> 00:59:14,560
Speaker 13: become a bit of a focal point for tourists. We

1227
00:59:14,840 --> 00:59:16,840
Speaker 13: don't think we can go wrong in the here the

1228
00:59:16,880 --> 00:59:19,840
Speaker 13: Herby hub. Again, that's a growing area. I think Selwyn's

1229
00:59:19,880 --> 00:59:24,040
Speaker 13: the fastest growing area in New Zealand. So I think

1230
00:59:24,240 --> 00:59:26,520
Speaker 13: if we can be clever and we can execute on

1231
00:59:26,560 --> 00:59:29,000
Speaker 13: a website, So if the website, if we can execute

1232
00:59:29,000 --> 00:59:33,840
Speaker 13: well and have New Zealanders flocking to that website, so

1233
00:59:34,000 --> 00:59:36,840
Speaker 13: I think, well, I could be proved wrong, but hopefully

1234
00:59:36,960 --> 00:59:37,840
Speaker 13: we can't go wrong there.

1235
00:59:38,000 --> 00:59:39,960
Speaker 2: You'll be right Good on you mate, appreciate it very much.

1236
00:59:40,000 --> 00:59:42,160
Speaker 2: Simon Thwaite's a lot of people like that, silver Moon,

1237
00:59:43,640 --> 00:59:48,800
Speaker 2: the founder, the seller, the savior. Maybe news for you

1238
00:59:48,840 --> 00:59:53,040
Speaker 2: in a couple of moments, off to Spain, Espanyol and

1239
00:59:53,080 --> 00:59:55,480
Speaker 2: the America's Cup starts tonight in New Zealand time. Of course,

1240
00:59:55,600 --> 00:59:57,200
Speaker 2: Grant DALs in the head of Team New Zealand with

1241
00:59:57,320 --> 00:59:58,720
Speaker 2: us after the News, which is next year at the

1242
00:59:58,720 --> 00:59:59,320
Speaker 2: News talk Zeed.

1243
00:59:59,360 --> 01:00:05,520
Speaker 1: But your trusted source for news and fews, the Mike

1244
01:00:05,600 --> 01:00:10,520
Speaker 1: Hosking Breakfast with Bailey's Real Estate, your local experts across residential,

1245
01:00:10,560 --> 01:00:12,680
Speaker 1: commercial and rural news Talks d B.

1246
01:00:18,120 --> 01:00:21,720
Speaker 2: Seven minutes last thine fifty seven America's Cup against tonight

1247
01:00:22,080 --> 01:00:25,200
Speaker 2: in Spain. We will take on Luna Rossa, and of

1248
01:00:25,200 --> 01:00:27,160
Speaker 2: course we've got any of us, We've got Orient Express

1249
01:00:27,160 --> 01:00:29,840
Speaker 2: of leading American magic, and it's all on the next

1250
01:00:30,000 --> 01:00:31,760
Speaker 2: couple of months. Of course, head of team mus it

1251
01:00:31,840 --> 01:00:34,640
Speaker 2: on from Spain. Blunt Dotton's with us. Good morning morning, Mike.

1252
01:00:34,800 --> 01:00:37,120
Speaker 2: Scale of one to ten ten. It couldn't be more

1253
01:00:37,200 --> 01:00:39,440
Speaker 2: ready won. It's a disaster. Watch you score.

1254
01:00:41,880 --> 01:00:45,280
Speaker 4: I reckon, It's I reckon. It's probably about a nine.

1255
01:00:45,360 --> 01:00:47,800
Speaker 4: Actually it's it's you know, we've had a dress rehearsal

1256
01:00:47,840 --> 01:00:51,400
Speaker 4: today for preliminary practice racing and it all went really well.

1257
01:00:51,760 --> 01:00:56,480
Speaker 4: The village opens tomorrow. TIV went well today just in practice.

1258
01:00:56,600 --> 01:00:57,880
Speaker 4: Now I think we're really ready to go.

1259
01:00:58,280 --> 01:01:00,640
Speaker 2: And how does it balance up as being the holder,

1260
01:01:00,840 --> 01:01:03,760
Speaker 2: the host, plus a team and having to work through

1261
01:01:03,840 --> 01:01:04,240
Speaker 2: all of that.

1262
01:01:06,360 --> 01:01:09,120
Speaker 9: Well, it's busy. You know.

1263
01:01:09,240 --> 01:01:11,000
Speaker 4: One of the things about winning the America's Cup you

1264
01:01:11,080 --> 01:01:13,640
Speaker 4: got to you got to host it as well and

1265
01:01:13,720 --> 01:01:16,520
Speaker 4: run it, so it makes it pretty busy. But one

1266
01:01:16,560 --> 01:01:18,680
Speaker 4: of the mistakes that a lot of people think is

1267
01:01:18,720 --> 01:01:22,440
Speaker 4: that it's like any other sport and that they're independent

1268
01:01:22,480 --> 01:01:23,000
Speaker 4: of each other.

1269
01:01:23,320 --> 01:01:23,720
Speaker 9: They're not.

1270
01:01:24,120 --> 01:01:26,240
Speaker 4: And the winner of the America's Cup, that's one of

1271
01:01:26,280 --> 01:01:28,960
Speaker 4: the reasons it's so hard to win, also puts on

1272
01:01:29,000 --> 01:01:31,320
Speaker 4: the event, so the team has a big say in

1273
01:01:31,400 --> 01:01:33,400
Speaker 4: how that event gets run, and you know what.

1274
01:01:33,320 --> 01:01:35,480
Speaker 2: The rules are, and as far as the rest of

1275
01:01:35,520 --> 01:01:38,560
Speaker 2: it's concerned that the young people, the women, you know.

1276
01:01:39,280 --> 01:01:42,040
Speaker 2: As good as that is for the sport, that presumably

1277
01:01:42,080 --> 01:01:44,680
Speaker 2: stretches you even further, doesn't it. That's a lot of racing,

1278
01:01:44,680 --> 01:01:46,240
Speaker 2: a lot of boats, a lot of people, a lot

1279
01:01:46,240 --> 01:01:46,680
Speaker 2: of teams.

1280
01:01:48,000 --> 01:01:52,000
Speaker 4: Yeah, it does. I think we've got that pretty well managed.

1281
01:01:52,000 --> 01:01:55,720
Speaker 4: I mean they run within the base, but independently, like

1282
01:01:55,800 --> 01:01:58,440
Speaker 4: we're out today racing and they were a little bit

1283
01:01:58,480 --> 01:02:01,040
Speaker 4: further down the coast to or three miles practice racing

1284
01:02:01,080 --> 01:02:02,920
Speaker 4: with the other teams, and in fact they haven't even

1285
01:02:03,000 --> 01:02:06,520
Speaker 4: come back in yet. So it certainly stretches. And it's

1286
01:02:06,560 --> 01:02:09,000
Speaker 4: not just us though, it stretches all the teams because

1287
01:02:09,560 --> 01:02:12,240
Speaker 4: that's a whole bunch more people. I think in Team

1288
01:02:12,400 --> 01:02:14,840
Speaker 4: New Zealand, we're around about with the youth and woman

1289
01:02:14,840 --> 01:02:18,000
Speaker 4: probably about one hundred and fifty and within the event

1290
01:02:18,200 --> 01:02:21,080
Speaker 4: we'd be closing and on close to three hundred now

1291
01:02:21,160 --> 01:02:23,320
Speaker 4: including the one hundred and twenty TV team.

1292
01:02:23,720 --> 01:02:27,840
Speaker 2: So as an event and your long term involvement of it,

1293
01:02:27,960 --> 01:02:32,040
Speaker 2: this is growing, it's better, it's advancing. We're improving at all.

1294
01:02:34,440 --> 01:02:36,680
Speaker 4: Well, I mean, certainly we're going to give a bias

1295
01:02:36,720 --> 01:02:39,040
Speaker 4: you to that, and I am particularly, but you know,

1296
01:02:39,040 --> 01:02:42,680
Speaker 4: I think we are and I think that that's showing

1297
01:02:42,760 --> 01:02:46,240
Speaker 4: in one specific number. When we had the event in

1298
01:02:46,240 --> 01:02:50,439
Speaker 4: Auckland twenty one, we had a combined audience were over

1299
01:02:50,520 --> 01:02:54,960
Speaker 4: the course of everything of nine hundred and fourteen million,

1300
01:02:55,720 --> 01:02:59,000
Speaker 4: And before this event even started, like I'm talking two

1301
01:02:59,040 --> 01:03:01,800
Speaker 4: months ago, we were already up to about seven hundred

1302
01:03:01,800 --> 01:03:04,080
Speaker 4: and fifty million apples for apples.

1303
01:03:04,120 --> 01:03:05,120
Speaker 9: So from a.

1304
01:03:05,080 --> 01:03:08,240
Speaker 4: Growth point of view, being in Europe, time zone, et cetera,

1305
01:03:09,120 --> 01:03:10,680
Speaker 4: be it that you know, we're not in New Zealand,

1306
01:03:10,680 --> 01:03:14,480
Speaker 4: and I understand the frustration of that. It's certainly growing it.

1307
01:03:14,920 --> 01:03:18,080
Speaker 2: As far as the technology is concerned, what are we

1308
01:03:18,160 --> 01:03:21,280
Speaker 2: going to see that's remarkably different from last time? I'm

1309
01:03:21,320 --> 01:03:22,880
Speaker 2: assuming immediately speed.

1310
01:03:25,120 --> 01:03:28,440
Speaker 4: Yeah, but you know, that's to the layman. To Formula

1311
01:03:28,480 --> 01:03:32,040
Speaker 4: one cars you know, going don't look any different from

1312
01:03:32,040 --> 01:03:34,560
Speaker 4: one season to the next in terms of their overall speed.

1313
01:03:35,320 --> 01:03:39,160
Speaker 4: I think you'll see tomorrow when the whole graphics package

1314
01:03:39,160 --> 01:03:42,040
Speaker 4: comes to where a new and I don't want to

1315
01:03:42,040 --> 01:03:43,600
Speaker 4: say about it now because we're about to announce the

1316
01:03:43,640 --> 01:03:46,680
Speaker 4: first thing in the morning, a whole new look in

1317
01:03:46,720 --> 01:03:49,439
Speaker 4: a particular new way to watch and understand the sport,

1318
01:03:49,480 --> 01:03:51,720
Speaker 4: because of course we all know it's not an easy

1319
01:03:51,720 --> 01:03:54,440
Speaker 4: sport to understand. I mean, Keywis understand it better than anybody.

1320
01:03:54,920 --> 01:03:57,840
Speaker 4: And we've come up with a whole new mechanism that

1321
01:03:58,000 --> 01:04:00,840
Speaker 4: makes it a more understanding and we ran it today

1322
01:04:00,960 --> 01:04:03,920
Speaker 4: live live to ourselves if you like, and it worked perfectly.

1323
01:04:04,080 --> 01:04:06,600
Speaker 2: Fantastic bit of a riddle. But wait till tomorrow, Okay,

1324
01:04:06,640 --> 01:04:09,200
Speaker 2: fair enough to as far as the location is concerned,

1325
01:04:09,240 --> 01:04:11,560
Speaker 2: you're happy with how that's been handled, how the people

1326
01:04:11,600 --> 01:04:13,760
Speaker 2: have welcomed you, you know, as a base and you

1327
01:04:13,760 --> 01:04:15,560
Speaker 2: know all of that sort of thing that's come together.

1328
01:04:15,600 --> 01:04:18,120
Speaker 9: Well, yeah, you know.

1329
01:04:18,160 --> 01:04:20,240
Speaker 4: We I think if you ask someone on the street

1330
01:04:20,240 --> 01:04:22,240
Speaker 4: two and a half years ago, what was America's Cup,

1331
01:04:22,320 --> 01:04:25,400
Speaker 4: that it was a soccer event, COVID America was a

1332
01:04:25,400 --> 01:04:30,160
Speaker 4: soccer ev in South America. A survey two weeks ago

1333
01:04:30,360 --> 01:04:34,120
Speaker 4: by the main paper hair Levan Guardia to the simple question,

1334
01:04:34,720 --> 01:04:36,640
Speaker 4: do you know what the America's Cup is? And are

1335
01:04:36,640 --> 01:04:41,880
Speaker 4: you going to come? Seventy seven point five percent of Barcelonians,

1336
01:04:42,040 --> 01:04:43,960
Speaker 4: so you know that's I think we've done a really

1337
01:04:44,040 --> 01:04:47,600
Speaker 4: nice job integrating ourselves and the event into the city.

1338
01:04:47,720 --> 01:04:51,280
Speaker 4: And it's very open. It's a very open waterfront, a

1339
01:04:51,400 --> 01:04:55,600
Speaker 4: very large village, huge beach front and with the predominant

1340
01:04:55,640 --> 01:04:58,120
Speaker 4: wind direction, we're sailing right in on the beach.

1341
01:04:58,280 --> 01:05:00,440
Speaker 2: Listen, hold on, I'll ask you more about the sport

1342
01:05:00,560 --> 01:05:03,040
Speaker 2: generally in a couple of moments. Grant Dalton America's Cup

1343
01:05:03,280 --> 01:05:05,600
Speaker 2: starts off tonight. More in a moment twelve past eight.

1344
01:05:06,520 --> 01:05:11,120
Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeartRadio, powered

1345
01:05:11,160 --> 01:05:11,760
Speaker 1: by News.

1346
01:05:11,600 --> 01:05:12,919
Speaker 7: Talks that be Right.

1347
01:05:12,920 --> 01:05:14,640
Speaker 2: Our news talks have been coming up quarter past day.

1348
01:05:14,640 --> 01:05:16,880
Speaker 2: Grant Dalton out of Spain, ahead of the America's Company. Listen,

1349
01:05:16,880 --> 01:05:18,560
Speaker 2: my my fascination at the moment. I don't know how

1350
01:05:18,640 --> 01:05:20,280
Speaker 2: much time you spend thinking about this of any but

1351
01:05:20,320 --> 01:05:23,680
Speaker 2: if you look at sport globally, right is there in

1352
01:05:23,720 --> 01:05:25,840
Speaker 2: terms of the media streaming, the amount of money that's

1353
01:05:25,840 --> 01:05:27,920
Speaker 2: out there for broadcast rights, all that stuff. It appears

1354
01:05:27,960 --> 01:05:30,760
Speaker 2: to me that sport has never been more popular and

1355
01:05:30,800 --> 01:05:33,439
Speaker 2: broadcasters are desperate to get a slice of this particular action.

1356
01:05:33,560 --> 01:05:36,040
Speaker 2: Will that be an estimation of what's happening in your sport,

1357
01:05:36,120 --> 01:05:36,640
Speaker 2: you think or not?

1358
01:05:37,320 --> 01:05:41,280
Speaker 4: No, it wouldn't. Actually, I think that it's growing, but

1359
01:05:41,360 --> 01:05:43,960
Speaker 4: all sport is, and but it's consumed, as you know,

1360
01:05:44,400 --> 01:05:47,360
Speaker 4: a lot different than it was. And I think that

1361
01:05:47,480 --> 01:05:50,200
Speaker 4: you know, the free to air is coming back into

1362
01:05:50,200 --> 01:05:52,000
Speaker 4: its own in some ways other than you know, as

1363
01:05:52,000 --> 01:05:55,880
Speaker 4: well as platforms and to grow the sport, we have

1364
01:05:56,320 --> 01:05:58,760
Speaker 4: TV for us as a significant cost, and we spend

1365
01:05:59,000 --> 01:06:02,280
Speaker 4: a net net just on twenty million euros on TV

1366
01:06:02,800 --> 01:06:07,000
Speaker 4: to bring the product to air because we're trying to

1367
01:06:07,520 --> 01:06:11,760
Speaker 4: populate it around the planet, not just hide it behind paywalls. Now,

1368
01:06:11,880 --> 01:06:14,360
Speaker 4: could we could make that a profit center, probably, but

1369
01:06:14,440 --> 01:06:16,920
Speaker 4: it would be hidden behind a paywall in.

1370
01:06:16,880 --> 01:06:18,640
Speaker 9: The sport would would.

1371
01:06:18,800 --> 01:06:21,000
Speaker 4: Not grow because of it. So we see it as

1372
01:06:21,040 --> 01:06:23,320
Speaker 4: a responsibility to bring it to more and more people

1373
01:06:23,360 --> 01:06:25,200
Speaker 4: as we can. And so we see that at a cost.

1374
01:06:25,480 --> 01:06:27,480
Speaker 2: Is it accessible? Do you think I mean I look

1375
01:06:27,480 --> 01:06:29,560
Speaker 2: at Drive to Survive in Formula one. We're never going

1376
01:06:29,600 --> 01:06:32,040
Speaker 2: to drive any F one car and we're never going

1377
01:06:32,080 --> 01:06:33,800
Speaker 2: to sail the sort of boats you do. But does

1378
01:06:33,840 --> 01:06:36,960
Speaker 2: it become accessible or fascinating to people, whether or not

1379
01:06:37,000 --> 01:06:37,920
Speaker 2: they can participate.

1380
01:06:40,040 --> 01:06:42,960
Speaker 4: Yeah, I think you're right. I mean, I'm fascinated by

1381
01:06:43,000 --> 01:06:45,000
Speaker 4: Drive to Survive and F one, but I'm even to

1382
01:06:45,080 --> 01:06:47,920
Speaker 4: drive one. And we are doing that with sky Dance,

1383
01:06:49,240 --> 01:06:53,520
Speaker 4: who did Mission Impossible and Free Solo and the Last

1384
01:06:53,600 --> 01:06:56,320
Speaker 4: Dance and then there. Now they're better in all the teams,

1385
01:06:56,320 --> 01:06:58,800
Speaker 4: so we're doing our own version of that. And with

1386
01:06:58,960 --> 01:07:02,200
Speaker 4: the rig coming down on a lingy yesterday, you know,

1387
01:07:02,240 --> 01:07:04,280
Speaker 4: they had a pretty nice story embedded in the team

1388
01:07:04,360 --> 01:07:07,560
Speaker 4: as well. Now, I don't know, you know, I think

1389
01:07:07,560 --> 01:07:09,920
Speaker 4: we just we can only do our best to make

1390
01:07:09,960 --> 01:07:13,200
Speaker 4: it more popularized by showing it to more people. But

1391
01:07:13,760 --> 01:07:16,480
Speaker 4: it's never going to be the world's most popular sport.

1392
01:07:16,520 --> 01:07:17,720
Speaker 9: It just it just isn't.

1393
01:07:18,000 --> 01:07:23,840
Speaker 4: And it's more children and women in that sale, that's great,

1394
01:07:23,920 --> 01:07:26,440
Speaker 4: But America's Cups, America's Corp. It's the top of the

1395
01:07:26,440 --> 01:07:29,120
Speaker 4: food chain, it's the pinnacle of the sport, and it'll

1396
01:07:29,160 --> 01:07:31,600
Speaker 4: always just be that, you know, not everybody can be

1397
01:07:31,640 --> 01:07:31,880
Speaker 4: in it.

1398
01:07:32,200 --> 01:07:34,920
Speaker 2: What's your sense of the wind window in terms of

1399
01:07:35,120 --> 01:07:37,000
Speaker 2: you know, not only racing, but people's view of it

1400
01:07:37,000 --> 01:07:38,880
Speaker 2: and going on, God, there's no racing today yet again

1401
01:07:38,880 --> 01:07:40,720
Speaker 2: because the wind didn't Is it a good wind window

1402
01:07:40,720 --> 01:07:41,560
Speaker 2: in that part of the world.

1403
01:07:44,360 --> 01:07:46,800
Speaker 4: You know, there were in high summer here and the

1404
01:07:46,840 --> 01:07:50,200
Speaker 4: wind should be eight to ten pretty much every day.

1405
01:07:50,400 --> 01:07:54,480
Speaker 4: Today it was twenty with big waves. It's just you know,

1406
01:07:54,680 --> 01:07:56,520
Speaker 4: and I was just talking to our weather guy this

1407
01:07:56,640 --> 01:07:59,200
Speaker 4: morning about the clouds, and you know, you've seen that

1408
01:07:59,280 --> 01:08:02,880
Speaker 4: tragedy that happened just just nearby with that, but you know,

1409
01:08:03,000 --> 01:08:05,960
Speaker 4: it's it's a really weird summer here. It might mean

1410
01:08:06,000 --> 01:08:07,800
Speaker 4: we have an Indian summer, which is quite good for

1411
01:08:07,880 --> 01:08:11,400
Speaker 4: us with the event in October. I think in the

1412
01:08:11,440 --> 01:08:13,959
Speaker 4: whole time we've been sailing here, there's probably been two

1413
01:08:14,040 --> 01:08:16,719
Speaker 4: days when we've either not been able to sell because

1414
01:08:16,760 --> 01:08:19,479
Speaker 4: of too much or too little. But what we're going

1415
01:08:19,479 --> 01:08:23,160
Speaker 4: to get on the day within that, you know, band,

1416
01:08:23,280 --> 01:08:25,759
Speaker 4: I just don't know. It just isn't a normal summer.

1417
01:08:25,760 --> 01:08:27,439
Speaker 4: And you always hear that it wasn't a normal summer

1418
01:08:27,439 --> 01:08:30,800
Speaker 4: in Aukland either, But certainly it's sailable at the moment

1419
01:08:30,840 --> 01:08:31,280
Speaker 4: every day.

1420
01:08:31,439 --> 01:08:34,599
Speaker 2: Okay, talk to me. Taught me through the teams. Who's hot?

1421
01:08:34,720 --> 01:08:35,320
Speaker 2: Do you think?

1422
01:08:36,960 --> 01:08:39,360
Speaker 4: Yeah, I think it's starting to you know, it's a

1423
01:08:39,360 --> 01:08:42,800
Speaker 4: ways a cliche to say they're all good and to

1424
01:08:42,840 --> 01:08:46,800
Speaker 4: the point they are to me, Luna Rossa is becoming

1425
01:08:47,120 --> 01:08:50,599
Speaker 4: the standout. And I think today, you know, today everybody

1426
01:08:50,640 --> 01:08:51,160
Speaker 4: was an anger.

1427
01:08:51,240 --> 01:08:51,400
Speaker 9: Right.

1428
01:08:51,840 --> 01:08:55,840
Speaker 4: We race Luna Rossa in very upranged conditions. Tomorrow we

1429
01:08:55,920 --> 01:09:00,479
Speaker 4: race the English today, practice racing tomorrow. It sort of

1430
01:09:00,479 --> 01:09:04,000
Speaker 4: counts a bit more. But they're putting away anybody that

1431
01:09:04,120 --> 01:09:08,800
Speaker 4: come against pretty easily. They spenced with the English after

1432
01:09:08,920 --> 01:09:12,599
Speaker 4: we'd sailed against them today quite easily. It'll be interesting

1433
01:09:12,600 --> 01:09:14,960
Speaker 4: when we sail them tomorrow because we're not really set

1434
01:09:15,040 --> 01:09:18,040
Speaker 4: up for high winds at the moment. You know, you've

1435
01:09:18,080 --> 01:09:20,519
Speaker 4: got to put your boat somewhere and the other thing

1436
01:09:20,560 --> 01:09:23,200
Speaker 4: we always have to keep reminding ourselves, and this is

1437
01:09:23,479 --> 01:09:25,920
Speaker 4: a lesson of San Francisco is they don't care how

1438
01:09:26,040 --> 01:09:30,000
Speaker 4: points till October and we have a lot of stuff

1439
01:09:30,240 --> 01:09:33,280
Speaker 4: in the pipeline coming which will only make us faster,

1440
01:09:33,439 --> 01:09:35,160
Speaker 4: and it's not on stream at the moment.

1441
01:09:35,680 --> 01:09:37,559
Speaker 2: Is that the same for the other teams? Is there

1442
01:09:37,600 --> 01:09:39,240
Speaker 2: any foxing going on or not.

1443
01:09:40,240 --> 01:09:43,360
Speaker 4: No, no, no, that's they're all. Yeah, they're all going

1444
01:09:43,400 --> 01:09:45,559
Speaker 4: to get better because their techniques will get but they're

1445
01:09:45,600 --> 01:09:48,120
Speaker 4: wrung out now. You know, there's three weeks from now,

1446
01:09:48,120 --> 01:09:51,960
Speaker 4: one's going home, so they've got nothing other than techniques

1447
01:09:52,479 --> 01:09:54,479
Speaker 4: and the way they sail, they've got nothing left in

1448
01:09:54,479 --> 01:09:57,960
Speaker 4: the tank. Maybe that tank's good enough to beat us,

1449
01:09:57,960 --> 01:10:01,160
Speaker 4: but we've got a lot coming and that's just if

1450
01:10:01,160 --> 01:10:03,280
Speaker 4: you're going to have some advantage as a defender. That's

1451
01:10:03,320 --> 01:10:05,559
Speaker 4: one of them that we're later on. And that's something

1452
01:10:05,680 --> 01:10:08,160
Speaker 4: we didn't do right in San Francisco. We got right

1453
01:10:08,160 --> 01:10:10,720
Speaker 4: in Auckland, we got right in Bermuda, and hopefully we'll

1454
01:10:10,720 --> 01:10:11,320
Speaker 4: get it right here.

1455
01:10:11,520 --> 01:10:15,480
Speaker 2: And what would they say about you guys.

1456
01:10:15,880 --> 01:10:18,920
Speaker 4: I think they would say that we're pretty fast in

1457
01:10:19,000 --> 01:10:24,120
Speaker 4: the light to moderate. They wouldn't necessarily comment on uprange

1458
01:10:24,120 --> 01:10:26,240
Speaker 4: at the moment because frankly, the day the first time

1459
01:10:26,280 --> 01:10:29,519
Speaker 4: we've had it. But I think they'd say we're sailing well.

1460
01:10:29,520 --> 01:10:32,600
Speaker 4: I think my feel is that it's a unit, the

1461
01:10:32,680 --> 01:10:35,080
Speaker 4: sailing team is going exceptionally well. And I say that

1462
01:10:35,120 --> 01:10:37,640
Speaker 4: in contrast to Auckland, where I was one of the

1463
01:10:37,680 --> 01:10:40,360
Speaker 4: critics of our own sailing team. But they are not

1464
01:10:40,520 --> 01:10:45,200
Speaker 4: like that anymore. They are very well drilled, mature team.

1465
01:10:45,439 --> 01:10:46,960
Speaker 4: I mean I'm listening to them all day on the

1466
01:10:47,000 --> 01:10:49,479
Speaker 4: comms and they're sailing really well.

1467
01:10:49,600 --> 01:10:52,040
Speaker 2: Good on you, Well go well tonight, Grant Dalton, we'll

1468
01:10:52,080 --> 01:10:54,400
Speaker 2: talk again, Grant Dalton, head of Team New Zealand. Of course,

1469
01:10:54,439 --> 01:10:57,080
Speaker 2: up begins tonight. It's eleven or twelve o'clock tonight our

1470
01:10:57,200 --> 01:10:59,320
Speaker 2: time in Spain eight twenty.

1471
01:11:00,160 --> 01:11:04,800
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1472
01:11:05,479 --> 01:11:08,840
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1473
01:11:08,880 --> 01:11:11,000
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1474
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1475
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1476
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1477
01:11:18,920 --> 01:11:22,080
Speaker 2: twelve magnesium from about Health, of course, has got three

1478
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1479
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1481
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1482
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1483
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1485
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1486
01:11:42,439 --> 01:11:46,360
Speaker 2: here is the deal. Add the element twelve magnesium to

1487
01:11:46,439 --> 01:11:49,400
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1489
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1490
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1491
01:12:01,400 --> 01:12:03,000
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1492
01:12:03,080 --> 01:12:05,519
Speaker 2: nine About Health dot co dot nz. It's all from

1493
01:12:05,560 --> 01:12:09,880
Speaker 2: about Health of course. Really Losking reading that phone number

1494
01:12:09,880 --> 01:12:11,920
Speaker 2: there and I was singing to myself, I did say

1495
01:12:11,960 --> 01:12:15,880
Speaker 2: supermoon and the introduction to silver moon, So my sincere

1496
01:12:15,880 --> 01:12:18,360
Speaker 2: apologies for that, and that I should probably go see

1497
01:12:18,360 --> 01:12:20,479
Speaker 2: somebody about that, because in front of me was the

1498
01:12:20,520 --> 01:12:23,560
Speaker 2: word silver moon. I know the name silver moon, so

1499
01:12:23,640 --> 01:12:25,880
Speaker 2: it's not like I'd never heard of them before, and

1500
01:12:25,960 --> 01:12:28,200
Speaker 2: yet I said supermoon. And the reason I said supermoon

1501
01:12:28,280 --> 01:12:29,920
Speaker 2: is I looked to my left earlier on this morning

1502
01:12:29,920 --> 01:12:31,599
Speaker 2: and I saw the supermoon out there. It's a beautiful

1503
01:12:31,600 --> 01:12:34,360
Speaker 2: morning where I am clear blue skies, and the moon

1504
01:12:34,439 --> 01:12:37,200
Speaker 2: was still up because it was having such a fun time,

1505
01:12:37,280 --> 01:12:38,920
Speaker 2: because it's a big, fat moon at the moment. It's

1506
01:12:38,960 --> 01:12:41,000
Speaker 2: how it is, how super it is, it hangs around

1507
01:12:41,040 --> 01:12:42,720
Speaker 2: all day. And I looked at that moon. I went,

1508
01:12:42,760 --> 01:12:44,879
Speaker 2: what a great moon. And then I thought of Nancy Griffith,

1509
01:12:45,120 --> 01:12:47,840
Speaker 2: just once in a very blue moon, beautiful song. If

1510
01:12:47,840 --> 01:12:50,360
Speaker 2: you never heard Nancy griff look it up. And so

1511
01:12:50,400 --> 01:12:52,040
Speaker 2: by the time I'd done all of that, and that

1512
01:12:52,120 --> 01:12:53,360
Speaker 2: was just in the ad break. This is the sort

1513
01:12:53,360 --> 01:12:55,200
Speaker 2: of crazy stuff that's going on in my head in

1514
01:12:55,200 --> 01:12:56,519
Speaker 2: the ad break. And then I come back out and

1515
01:12:56,640 --> 01:12:58,640
Speaker 2: interview some bloke who happens to run a company called

1516
01:12:58,680 --> 01:13:00,519
Speaker 2: Silver Moon tied up to Supermoon. I mean, I could

1517
01:13:00,520 --> 01:13:02,559
Speaker 2: have called grunt dole in the head of Supermoon. He

1518
01:13:02,680 --> 01:13:06,400
Speaker 2: was just lucky he was on. Later, now.

1519
01:13:07,760 --> 01:13:11,680
Speaker 1: We're five thousand dollars for Father's Days to chemist Warehouse,

1520
01:13:11,840 --> 01:13:14,479
Speaker 1: the real house of Fragrances and new talks.

1521
01:13:14,520 --> 01:13:17,759
Speaker 2: In me the production meeting was that, you idiot, we're talking.

1522
01:13:17,760 --> 01:13:19,839
Speaker 2: In the ad break when I wasn't babbling to myself,

1523
01:13:20,080 --> 01:13:21,920
Speaker 2: I said, this this Father's Day thing? When are we

1524
01:13:21,960 --> 01:13:23,840
Speaker 2: doing this? And I said, I'm going to do it now?

1525
01:13:23,840 --> 01:13:25,479
Speaker 2: And I said, do you have some music? He goes no.

1526
01:13:25,880 --> 01:13:28,080
Speaker 2: I said, what about the fabulous new introductions that we

1527
01:13:28,120 --> 01:13:31,200
Speaker 2: always do, fabulous introductions? No one does introductions to competitions

1528
01:13:31,240 --> 01:13:31,920
Speaker 2: like this show does.

1529
01:13:32,280 --> 01:13:32,519
Speaker 13: Got it?

1530
01:13:32,640 --> 01:13:35,080
Speaker 5: And then I thought it would be funny to say

1531
01:13:35,080 --> 01:13:37,280
Speaker 5: that there wasn't one, and then they play it anyway,

1532
01:13:37,479 --> 01:13:38,040
Speaker 5: and and and.

1533
01:13:38,400 --> 01:13:41,280
Speaker 2: There you are, just it was a funny gigging away?

1534
01:13:41,360 --> 01:13:43,080
Speaker 5: Is this pretty fun I feel like it would have

1535
01:13:43,080 --> 01:13:45,200
Speaker 5: been funny if you had just hadn't told everybody that's

1536
01:13:45,240 --> 01:13:47,360
Speaker 5: what had happened, could have been just between us.

1537
01:13:47,479 --> 01:13:48,920
Speaker 2: That would have just been a jake between us. And

1538
01:13:48,920 --> 01:13:51,640
Speaker 2: I'd like to share what the jokes with everybody, just

1539
01:13:51,680 --> 01:13:54,040
Speaker 2: to give them a sense of how mutal we all are,

1540
01:13:54,280 --> 01:13:56,400
Speaker 2: and how it is little short of a miracle this

1541
01:13:56,560 --> 01:13:59,360
Speaker 2: program is even remotely successful. Right, So what's going to

1542
01:13:59,400 --> 01:14:02,280
Speaker 2: happen next? You can know tomorrow tomorrow. That was We've

1543
01:14:02,360 --> 01:14:05,160
Speaker 2: changed it up. Normally we start competitions on a Monday.

1544
01:14:05,760 --> 01:14:08,240
Speaker 2: We've decided to start it tomorrow.

1545
01:14:07,960 --> 01:14:10,400
Speaker 5: So that's tomorrow everybody's bringing out right now, you don't

1546
01:14:10,439 --> 01:14:11,520
Speaker 5: even know what you're bringing.

1547
01:14:11,240 --> 01:14:13,760
Speaker 2: Out bringing up now, you can't ring up this is

1548
01:14:13,800 --> 01:14:16,000
Speaker 2: the bit we re explain it, oh for goodness, So

1549
01:14:16,120 --> 01:14:18,640
Speaker 2: come on guys. So tomorrow it's called how to be

1550
01:14:18,640 --> 01:14:21,160
Speaker 2: a Famous Dad. You submit you, you submit your answers.

1551
01:14:21,160 --> 01:14:23,360
Speaker 2: I'm going to ask questions about Dad's for Dad's Day,

1552
01:14:23,640 --> 01:14:26,280
Speaker 2: and Chemis Warehouse very kindly. They're giving us five hundred

1553
01:14:26,280 --> 01:14:30,000
Speaker 2: bucks a day, and then the Big Daddy prize is

1554
01:14:30,120 --> 01:14:32,800
Speaker 2: five thousand dollars, So five hundred bucks a day. So

1555
01:14:32,800 --> 01:14:37,040
Speaker 2: it's cash money, cash money, real money. So it's it's

1556
01:14:37,120 --> 01:14:40,200
Speaker 2: thousands of dollars to be given away with a Chemists

1557
01:14:40,200 --> 01:14:43,640
Speaker 2: Warehouse and my hosting breakfast. It will begin tomorrow and

1558
01:14:43,720 --> 01:14:46,360
Speaker 2: you'll know when it begins because Glendall hit the big

1559
01:14:46,479 --> 01:14:49,200
Speaker 2: dramatic intro and that'll be quite something anyway. So I

1560
01:14:49,240 --> 01:14:50,960
Speaker 2: think I did an awesome job.

1561
01:14:51,000 --> 01:14:53,720
Speaker 5: We're that you didn't say supermoon by mistake once.

1562
01:14:53,600 --> 01:14:56,439
Speaker 2: Not even once, didn't cock it up once. I can

1563
01:14:56,479 --> 01:14:58,720
Speaker 2: go to the the ad break in the news now,

1564
01:14:58,760 --> 01:15:00,200
Speaker 2: feeling pretty good about myself.

1565
01:15:01,520 --> 01:15:04,720
Speaker 1: Setting the news agenda and digging into the issues. Is

1566
01:15:04,800 --> 01:15:09,800
Speaker 1: the Mic Hosking breakfast with Alveda Retirement Communities, Life Your Way,

1567
01:15:09,960 --> 01:15:10,519
Speaker 1: News togs.

1568
01:15:10,520 --> 01:15:12,320
Speaker 2: He'd be I Mike love him. I hate Hm Dalton

1569
01:15:12,320 --> 01:15:13,920
Speaker 2: knows this stuff. Good luck to the mic. I bet

1570
01:15:13,960 --> 01:15:16,519
Speaker 2: if we had Grunt Dalton facing our electricity crisis in

1571
01:15:16,560 --> 01:15:18,759
Speaker 2: a position of governance, we'd no longer have a problem.

1572
01:15:18,800 --> 01:15:21,840
Speaker 5: I get the probably just take a generating to another country,

1573
01:15:21,840 --> 01:15:22,240
Speaker 5: wouldn't he?

1574
01:15:22,320 --> 01:15:25,040
Speaker 2: And take the generator and give another country harness the

1575
01:15:25,080 --> 01:15:27,880
Speaker 2: wind solve the problem. Ticket box bit of bankster around

1576
01:15:27,920 --> 01:15:30,680
Speaker 2: Grant Dalton. Still it's amazing. It always fascinates me. How

1577
01:15:30,720 --> 01:15:32,360
Speaker 2: many you know the people who don't like Grant Dalton.

1578
01:15:32,360 --> 01:15:35,559
Speaker 2: I like people who you know, love or hate, worst person,

1579
01:15:35,760 --> 01:15:37,719
Speaker 2: worst sort of person you can be as a blomonge person.

1580
01:15:38,439 --> 01:15:40,360
Speaker 2: So I like Grunt because people love and hate him.

1581
01:15:40,360 --> 01:15:42,320
Speaker 2: But the sort of the thing around him and what

1582
01:15:42,400 --> 01:15:44,040
Speaker 2: he did and how he does, just like Jesus can

1583
01:15:44,200 --> 01:15:46,799
Speaker 2: move and move on, build a bridge twenty three minutes away.

1584
01:15:46,560 --> 01:15:51,120
Speaker 7: From nine International correspondence with ends and eye insurance, peace

1585
01:15:51,160 --> 01:15:52,840
Speaker 7: of mind for New Zealand business.

1586
01:15:52,640 --> 01:15:54,639
Speaker 2: You need to go to the uk ron little morning mate,

1587
01:15:54,720 --> 01:15:58,519
Speaker 2: Good morning to you mate, A donor a senior government position,

1588
01:15:58,920 --> 01:16:02,320
Speaker 2: jobs for the boys. Surely not, surely not.

1589
01:16:03,080 --> 01:16:08,439
Speaker 12: This is absolutely right. It's a blow called Ian Corefield,

1590
01:16:08,840 --> 01:16:11,880
Speaker 12: who has been appointed as director of Investment at the

1591
01:16:11,960 --> 01:16:18,360
Speaker 12: Treasury and he is a major labor donor. He's donated

1592
01:16:18,439 --> 01:16:22,519
Speaker 12: twenty thousand quid to labor MPs, including five thousand quid

1593
01:16:22,560 --> 01:16:26,120
Speaker 12: to the Charts of the Exchequer, and he's been brought

1594
01:16:26,120 --> 01:16:29,840
Speaker 12: in to oversee the investment of the Treasury at the

1595
01:16:29,880 --> 01:16:33,680
Speaker 12: same time. Incidentally, the Jess Sergeant who worked for the

1596
01:16:33,760 --> 01:16:37,439
Speaker 12: Think Tech Labor together, has been appointed to a senior

1597
01:16:37,560 --> 01:16:41,120
Speaker 12: role in the Cabinet Office, which has made people wonder

1598
01:16:41,160 --> 01:16:44,519
Speaker 12: about undermining civil service impartiality, though I don't think they've

1599
01:16:44,520 --> 01:16:46,320
Speaker 12: got much to worry about there, as they're all pro

1600
01:16:46,400 --> 01:16:51,600
Speaker 12: labor from the start anyway. But you know, there was

1601
01:16:51,640 --> 01:16:55,080
Speaker 12: a there was a weariness an on we within the

1602
01:16:55,360 --> 01:17:01,120
Speaker 12: within the country about the backhanders, about the people giving

1603
01:17:01,280 --> 01:17:06,120
Speaker 12: contracts to their mates throughout the Tory Party's reign of

1604
01:17:06,160 --> 01:17:12,200
Speaker 12: the last well effectively fifteen fourteen years, and I think

1605
01:17:12,240 --> 01:17:15,200
Speaker 12: people thought, rather Navy, all of that is gone, all

1606
01:17:15,240 --> 01:17:17,800
Speaker 12: of that is blown away. We now have a new

1607
01:17:17,840 --> 01:17:20,760
Speaker 12: party in government which will not do anything like that,

1608
01:17:20,840 --> 01:17:26,519
Speaker 12: and four weeks they're at it and there's no question,

1609
01:17:26,960 --> 01:17:33,120
Speaker 12: as one Conservative member put it, this is hypocrisy off

1610
01:17:33,160 --> 01:17:34,720
Speaker 12: the scale from labor.

1611
01:17:34,680 --> 01:17:36,840
Speaker 2: Yeah, what sort of labor are we getting to see?

1612
01:17:37,000 --> 01:17:39,040
Speaker 2: Come to the employment law reforms in the moment, there's

1613
01:17:39,080 --> 01:17:41,000
Speaker 2: a little thing I want to ask you about pinchionis

1614
01:17:41,040 --> 01:17:43,719
Speaker 2: and and power support and stuff as well. What sort

1615
01:17:43,760 --> 01:17:46,760
Speaker 2: of labor party are we seeing? How blearite is it

1616
01:17:47,000 --> 01:17:49,680
Speaker 2: versus how Jeremy Corbyn esque is it.

1617
01:17:49,680 --> 01:17:53,760
Speaker 12: It's not Jeremy corban esque. There are people, you know,

1618
01:17:53,840 --> 01:17:56,439
Speaker 12: and I write for The Spectator, which is a one

1619
01:17:56,479 --> 01:17:57,960
Speaker 12: of the papers I write for, which is a right

1620
01:17:58,000 --> 01:18:00,240
Speaker 12: week paper, and a lot of the readers there this

1621
01:18:00,360 --> 01:18:02,479
Speaker 12: is the most left wing government it's ever been. And

1622
01:18:02,560 --> 01:18:05,040
Speaker 12: there are some commentators like Peter Hitchins and so on

1623
01:18:05,280 --> 01:18:07,519
Speaker 12: who think that I don't think that at all. It's

1624
01:18:07,560 --> 01:18:13,519
Speaker 12: a managerial party. It's a managerial government. I think it's

1625
01:18:13,520 --> 01:18:16,639
Speaker 12: too boring to be radical. But it will look after

1626
01:18:16,680 --> 01:18:19,080
Speaker 12: its own interests in exactly the same way that the

1627
01:18:19,120 --> 01:18:22,120
Speaker 12: Conservative Party looked up for its own interests. I think

1628
01:18:22,160 --> 01:18:24,960
Speaker 12: we are seeing we're beginning to see the shape of

1629
01:18:25,000 --> 01:18:31,280
Speaker 12: the government now, and it's fairly pragmatic. It's deceitful in

1630
01:18:31,320 --> 01:18:35,400
Speaker 12: the way that governments so often are deceitful, but most

1631
01:18:35,400 --> 01:18:37,960
Speaker 12: of all, it's bureaucratic, managerial and so on.

1632
01:18:38,560 --> 01:18:40,599
Speaker 2: So the employment law reforms what I want to do,

1633
01:18:40,680 --> 01:18:43,120
Speaker 2: apart from I like that Downing Street was suggesting that

1634
01:18:43,160 --> 01:18:45,920
Speaker 2: by switching off when you go home from work, thet

1635
01:18:46,080 --> 01:18:47,400
Speaker 2: is going to increase productivity.

1636
01:18:47,439 --> 01:18:51,080
Speaker 12: Apparently, yes, intinct. Oh, there's a whole bunch of stuff.

1637
01:18:51,120 --> 01:18:53,640
Speaker 12: I mean. The biggest problem is for people like me

1638
01:18:53,840 --> 01:18:56,439
Speaker 12: who yearn for us to live in the nineteen seventies,

1639
01:18:56,479 --> 01:18:59,760
Speaker 12: it's quite welcome because Labour seems intent on taking us

1640
01:18:59,760 --> 01:19:04,880
Speaker 12: back there. Over the last forty years, trade union powers

1641
01:19:04,880 --> 01:19:11,360
Speaker 12: have gradually been legislated against, so that they're nowhere near

1642
01:19:11,479 --> 01:19:14,360
Speaker 12: as damaging as they were back in the seventies and eighties.

1643
01:19:15,160 --> 01:19:20,080
Speaker 12: But Labor is unveiling a whole raft of reforms which

1644
01:19:20,160 --> 01:19:24,040
Speaker 12: will force companies where there are no trade unions to

1645
01:19:24,200 --> 01:19:30,559
Speaker 12: accept trade unions into the workforce, and that managers must

1646
01:19:30,600 --> 01:19:34,920
Speaker 12: negotiate with trade unions even if the trade unions represent only, say,

1647
01:19:35,000 --> 01:19:38,960
Speaker 12: three people in the workforce. So we are stepping back

1648
01:19:39,000 --> 01:19:42,120
Speaker 12: in time a little bit, and of course that is

1649
01:19:42,200 --> 01:19:45,599
Speaker 12: to be expected. I mean, it's the trade unions, of course,

1650
01:19:45,640 --> 01:19:49,439
Speaker 12: who bankrolled Labour's victory, but it's a far more pro

1651
01:19:49,800 --> 01:19:55,240
Speaker 12: union pro union government. Then, for example we saw under

1652
01:19:55,280 --> 01:19:55,920
Speaker 12: Tony Blair.

1653
01:19:56,240 --> 01:19:58,280
Speaker 2: It's interesting because we had a similar law on the

1654
01:19:58,280 --> 01:20:00,320
Speaker 2: previous labor government. I mean, labe governments all over the

1655
01:20:00,320 --> 01:20:02,120
Speaker 2: world must be exactly the same because we hit a

1656
01:20:02,120 --> 01:20:05,559
Speaker 2: system whereby and we've repealed it. Now, if teen percent

1657
01:20:05,600 --> 01:20:09,240
Speaker 2: of the workforce voted to have a collective agreement across

1658
01:20:09,280 --> 01:20:12,640
Speaker 2: an entire industry, not just a workplace, but a whole industry,

1659
01:20:12,960 --> 01:20:15,160
Speaker 2: that ninety percent in.

1660
01:20:15,160 --> 01:20:18,639
Speaker 12: One, that's exactly the same as this, exactly the same,

1661
01:20:19,000 --> 01:20:22,519
Speaker 12: and it's an absurdity, and it will bring more strife

1662
01:20:22,560 --> 01:20:26,680
Speaker 12: to the workforce. It will encourage more activists, you know,

1663
01:20:26,840 --> 01:20:30,120
Speaker 12: to cause trouble in the workforce. And it really does

1664
01:20:30,200 --> 01:20:32,200
Speaker 12: take us back. It takes us back three or four

1665
01:20:32,240 --> 01:20:36,879
Speaker 12: decades made and it is a it's a major, major problem,

1666
01:20:37,280 --> 01:20:40,120
Speaker 12: and I think it rubs up the public the wrong way.

1667
01:20:40,720 --> 01:20:43,720
Speaker 12: And the Labor Party is digging itself into a bit

1668
01:20:43,720 --> 01:20:47,240
Speaker 12: of a hole with this. It's it's given a massive

1669
01:20:47,360 --> 01:20:50,800
Speaker 12: pay rise twenty two percent of the young doctors. It's

1670
01:20:50,840 --> 01:20:54,720
Speaker 12: given another enormous double to pay rise to the train drivers.

1671
01:20:56,120 --> 01:20:59,040
Speaker 12: And this is at the expense of stopping ten million

1672
01:20:59,120 --> 01:21:03,400
Speaker 12: pensioners from getting their winter fuel duty. All of this

1673
01:21:03,600 --> 01:21:06,360
Speaker 12: is rubbing up the public the wrong way. And of

1674
01:21:06,400 --> 01:21:08,559
Speaker 12: course we have five four or five more years of.

1675
01:21:08,520 --> 01:21:10,720
Speaker 2: This exactly and is exactly what I want to ask

1676
01:21:10,720 --> 01:21:13,360
Speaker 2: about the fuel bills. So this doesn't seem very labor

1677
01:21:13,439 --> 01:21:15,599
Speaker 2: risk to me, because the number of pigeon is getting

1678
01:21:15,600 --> 01:21:17,760
Speaker 2: the winter help is apparently going to go from a

1679
01:21:17,760 --> 01:21:19,400
Speaker 2: living a half million to one and a half million.

1680
01:21:19,640 --> 01:21:22,479
Speaker 2: And the working pension secretary say, look, we haven't got

1681
01:21:22,520 --> 01:21:24,080
Speaker 2: any money. Is that simply true or not?

1682
01:21:24,479 --> 01:21:26,400
Speaker 12: No, I don't think it is true. Which is the

1683
01:21:26,439 --> 01:21:28,800
Speaker 12: other thing which the Labor Party is doing, which is

1684
01:21:29,280 --> 01:21:32,559
Speaker 12: the government is saying that the economy was left in

1685
01:21:32,600 --> 01:21:37,799
Speaker 12: such a powerless state by the conservative previous conservative government,

1686
01:21:37,920 --> 01:21:39,960
Speaker 12: that this is what we have to do. We have

1687
01:21:40,000 --> 01:21:44,080
Speaker 12: to cut these fuel payments, we have to economize. Okay, okay,

1688
01:21:44,400 --> 01:21:47,160
Speaker 12: perhaps in which case, why you can be with young

1689
01:21:47,200 --> 01:21:51,040
Speaker 12: doctors twenty two percent and the train drivers train drivers

1690
01:21:51,080 --> 01:21:54,280
Speaker 12: through these days it's actually all automated now, just have

1691
01:21:54,400 --> 01:21:57,800
Speaker 12: to occasionally press a button one hundred thousand for a year.

1692
01:21:57,960 --> 01:22:00,760
Speaker 2: You know, it's an absurdity, so make you go, well,

1693
01:22:00,800 --> 01:22:02,479
Speaker 2: we'll catch up in a couple of weeks. Rod Little

1694
01:22:02,840 --> 01:22:04,760
Speaker 2: out of the UK into Brady is back with us

1695
01:22:05,000 --> 01:22:07,160
Speaker 2: next week because Rod is off on a holiday, which

1696
01:22:07,320 --> 01:22:10,320
Speaker 2: by my account, actually this is second holiday this year

1697
01:22:10,920 --> 01:22:13,000
Speaker 2: and it's only August seventeen to nine.

1698
01:22:14,400 --> 01:22:18,799
Speaker 1: The My Asking Breakfast Full Show podcast on iHeartRadio powered

1699
01:22:18,840 --> 01:22:19,880
Speaker 1: by News Talks at.

1700
01:22:19,760 --> 01:22:24,280
Speaker 2: BE just referencing what I talked about to Rod. It

1701
01:22:24,439 --> 01:22:27,519
Speaker 2: was Downing Street node less that claims that if you

1702
01:22:27,600 --> 01:22:29,479
Speaker 2: don't when the phone rings, it caught a pass section,

1703
01:22:29,560 --> 01:22:32,760
Speaker 2: you caught the train home and it's the workplace, and

1704
01:22:32,800 --> 01:22:34,960
Speaker 2: you don't answer the phone by not answering the phone

1705
01:22:35,000 --> 01:22:37,040
Speaker 2: and switching off, because that will be a new law

1706
01:22:37,040 --> 01:22:39,720
Speaker 2: they're introducing. Places like Ireland and Belgium already have the

1707
01:22:39,800 --> 01:22:43,439
Speaker 2: law that somehow increases your productivity. I don't really know how,

1708
01:22:43,840 --> 01:22:46,400
Speaker 2: but that's what they claim. And then we come to

1709
01:22:46,439 --> 01:22:49,360
Speaker 2: work caations, which is where you work and are on holiday,

1710
01:22:49,400 --> 01:22:52,519
Speaker 2: which is another one I really honestly don't truly understand.

1711
01:22:52,840 --> 01:22:55,920
Speaker 2: But they've done that very interesting thing in thirty cities

1712
01:22:55,960 --> 01:22:59,840
Speaker 2: globally and they've scored you out of one to ten

1713
01:23:00,040 --> 01:23:03,519
Speaker 2: on climate, culture, accommodation, transport, food, price for coffee, happiness.

1714
01:23:03,560 --> 01:23:05,360
Speaker 2: I mean, how do you meant a happiness for God's sake,

1715
01:23:05,800 --> 01:23:10,360
Speaker 2: broadband sustainability and availability of flexible working spaces. Shall we

1716
01:23:10,360 --> 01:23:11,960
Speaker 2: go ten through one, because that's more fun than one

1717
01:23:11,960 --> 01:23:13,519
Speaker 2: through ten, because once I've given you one, you don't

1718
01:23:13,520 --> 01:23:16,280
Speaker 2: want to know the others do. Milan is ten, which

1719
01:23:16,320 --> 01:23:18,040
Speaker 2: is a good sign because I didn't think Milan was

1720
01:23:18,120 --> 01:23:19,960
Speaker 2: up to much, very industrial sort of city and home

1721
01:23:19,960 --> 01:23:21,880
Speaker 2: of fashion. But nevertheless, Italy is not going great at

1722
01:23:21,880 --> 01:23:24,599
Speaker 2: the moment. La I would say the same thing. Actually,

1723
01:23:24,600 --> 01:23:26,680
Speaker 2: all the reports I get from LA is problematic. A

1724
01:23:26,680 --> 01:23:28,760
Speaker 2: lot of robots in La these days. Apparently people have

1725
01:23:28,800 --> 01:23:30,240
Speaker 2: been to La, A lot of people that a lot

1726
01:23:30,280 --> 01:23:33,880
Speaker 2: of robots on the streets delivering stuff, and a lot

1727
01:23:33,920 --> 01:23:37,200
Speaker 2: of police sing is done in La now by a drone,

1728
01:23:37,320 --> 01:23:39,120
Speaker 2: And so you're walking down the road and you'll see

1729
01:23:39,120 --> 01:23:41,719
Speaker 2: many many drones over your head and that's the police cameras.

1730
01:23:42,280 --> 01:23:45,639
Speaker 2: Jakarta is number eight, Singapore is seven. What's significant about

1731
01:23:45,680 --> 01:23:49,160
Speaker 2: Singapore at number seven is it's up fourteen places, so

1732
01:23:49,200 --> 01:23:53,439
Speaker 2: they're improving remarkably. New York Lisbon at five, Beijing four,

1733
01:23:53,560 --> 01:23:56,080
Speaker 2: Rio at three. I find that hard to believe. I mean,

1734
01:23:56,120 --> 01:23:58,120
Speaker 2: the coffee is probably cheap, but you know you'll get mugged.

1735
01:23:59,080 --> 01:24:03,920
Speaker 2: Matt Hellna is number two and Buddha Pest is number one.

1736
01:24:04,040 --> 01:24:06,960
Speaker 2: The best city in the world to be on holiday

1737
01:24:07,040 --> 01:24:07,920
Speaker 2: while still working.

1738
01:24:08,160 --> 01:24:11,200
Speaker 5: De pesched right, So do you know what it sounds

1739
01:24:11,240 --> 01:24:12,559
Speaker 5: like a lot of those things that got in common

1740
01:24:12,640 --> 01:24:15,160
Speaker 5: is that it's the places where you can you have

1741
01:24:15,200 --> 01:24:18,400
Speaker 5: a nice view out your window, but you wouldn't really

1742
01:24:18,400 --> 01:24:20,400
Speaker 5: want to go outside because you might get murdered or

1743
01:24:20,400 --> 01:24:21,360
Speaker 5: stabbed or robbed.

1744
01:24:21,640 --> 01:24:23,160
Speaker 2: Really good point if.

1745
01:24:23,040 --> 01:24:26,040
Speaker 5: You're starting from Milan going down to places like Rio.

1746
01:24:27,720 --> 01:24:30,040
Speaker 5: Not a bad pointlym So that makes sense because you're

1747
01:24:30,040 --> 01:24:33,120
Speaker 5: sitting there with your laptop, yes, online meetings.

1748
01:24:33,840 --> 01:24:35,720
Speaker 2: Are you really there with your laptop or you're just

1749
01:24:35,760 --> 01:24:36,080
Speaker 2: saying you.

1750
01:24:36,160 --> 01:24:38,200
Speaker 5: Work with with the pretend picture of the office in

1751
01:24:38,200 --> 01:24:40,040
Speaker 5: the background, it's not really the office exactly.

1752
01:24:40,160 --> 01:24:44,000
Speaker 2: Kiwi Bank, congratulations. Net profit just announced after tax of

1753
01:24:44,000 --> 01:24:45,880
Speaker 2: two hundred and two million. Is that good? Very good?

1754
01:24:45,880 --> 01:24:48,559
Speaker 2: It's up fifteen percent. They've out performed the New Zealand

1755
01:24:48,600 --> 01:24:51,320
Speaker 2: banking sector, which is interesting given what the ComCom said

1756
01:24:51,439 --> 01:24:54,639
Speaker 2: this week that we need to rocket fuel the old

1757
01:24:54,720 --> 01:24:57,360
Speaker 2: Kiwi Bank and Nicola is working on that as we speak. Apparently,

1758
01:24:58,040 --> 01:25:02,440
Speaker 2: do they need the helpf secutive year improved its profitability,

1759
01:25:02,479 --> 01:25:05,840
Speaker 2: growing faster than the competition. So they're out performing the marketplace,

1760
01:25:05,920 --> 01:25:09,160
Speaker 2: so good net lending growth. They've done well there. They're

1761
01:25:09,320 --> 01:25:11,880
Speaker 2: lending books up nine point three percent, which is a lot.

1762
01:25:11,880 --> 01:25:14,559
Speaker 2: Home lendings up two point seven times faster than the market.

1763
01:25:14,960 --> 01:25:17,479
Speaker 2: Business lending up more than three times faster than the market.

1764
01:25:17,520 --> 01:25:19,760
Speaker 2: Deposits are up by two point four billion dollars. That's

1765
01:25:19,800 --> 01:25:22,200
Speaker 2: a growth of the book by nine point four percent.

1766
01:25:22,720 --> 01:25:24,280
Speaker 2: So all and all they appear to me.

1767
01:25:24,320 --> 01:25:28,800
Speaker 5: So they're ripping us off more than the out.

1768
01:25:27,840 --> 01:25:31,240
Speaker 2: Seams that as far as business is consumed, we're not.

1769
01:25:31,479 --> 01:25:34,080
Speaker 2: We're not. Don't have any problem going to keepwibanks, So

1770
01:25:34,200 --> 01:25:37,080
Speaker 2: good on them. Nine minutes away from nine the my.

1771
01:25:37,160 --> 01:25:39,400
Speaker 1: Costing breakfast with the range Rover.

1772
01:25:39,520 --> 01:25:42,519
Speaker 2: THELA used to said, bright, here's a reality when it

1773
01:25:42,560 --> 01:25:44,599
Speaker 2: comes to business funding. The big banks hold all the counts.

1774
01:25:44,600 --> 01:25:46,720
Speaker 2: Of course, they don't blink at charging hefty interest rates,

1775
01:25:47,000 --> 01:25:49,040
Speaker 2: and their processes can leave you hanging for months. But

1776
01:25:49,120 --> 01:25:51,680
Speaker 2: now there's a genuine game changer on the seam. You'll

1777
01:25:51,680 --> 01:25:54,000
Speaker 2: be interested in taxi. It's what they call taxi. They

1778
01:25:54,040 --> 01:25:56,360
Speaker 2: allow you to decline the bank with smarter business funding

1779
01:25:56,920 --> 01:25:59,559
Speaker 2: could be another digger for your fleet. You just need

1780
01:25:59,600 --> 01:26:02,120
Speaker 2: to survive up till twenty five. Taxia there to help

1781
01:26:02,160 --> 01:26:03,880
Speaker 2: fund your business. How do they do that? So the

1782
01:26:04,000 --> 01:26:07,000
Speaker 2: question is, well, Taxi allows you to use your provisional

1783
01:26:07,160 --> 01:26:11,320
Speaker 2: tax to access seriously affordable working capital. So essentially you're

1784
01:26:11,360 --> 01:26:14,360
Speaker 2: borrowing against tax right that you've already paid, but at

1785
01:26:14,439 --> 01:26:16,200
Speaker 2: half the interest rates of the big banks. Did you

1786
01:26:16,280 --> 01:26:17,960
Speaker 2: hear me right? You heard me right? That is about

1787
01:26:18,160 --> 01:26:22,200
Speaker 2: half the rate of the big banks. So you don't

1788
01:26:22,240 --> 01:26:23,680
Speaker 2: have to be Warren Buffett to work out that that

1789
01:26:23,760 --> 01:26:26,160
Speaker 2: probably makes sense for you. So you pay your provisional

1790
01:26:26,240 --> 01:26:29,040
Speaker 2: tax through Taxi by the twenty eighth of the Bugust

1791
01:26:29,040 --> 01:26:31,080
Speaker 2: couple of days time, get ready to grow your business

1792
01:26:31,280 --> 01:26:32,800
Speaker 2: the smart way. Where do you go to get all

1793
01:26:32,840 --> 01:26:35,160
Speaker 2: of this? You go Taxi dot co dot nz go,

1794
01:26:35,840 --> 01:26:38,320
Speaker 2: Taxi dot co dot.

1795
01:26:38,479 --> 01:26:40,240
Speaker 7: M Z asking.

1796
01:26:40,360 --> 01:26:43,760
Speaker 2: As predicted earlier on the my Cosking Breakfast. Transpower have

1797
01:26:43,800 --> 01:26:46,719
Speaker 2: announced officially this morning that they've brought forward their ability

1798
01:26:46,880 --> 01:26:50,679
Speaker 2: or the ability for the generators to access contingency storage.

1799
01:26:50,720 --> 01:26:52,240
Speaker 2: What does that mean? They keep a bit in reserve

1800
01:26:52,320 --> 01:26:55,640
Speaker 2: hydros at fifty five percent. We're talking at places like Techapopu, Kakehaware,

1801
01:26:55,680 --> 01:26:58,840
Speaker 2: et cetera. And normally they hold that in reserve for

1802
01:26:59,080 --> 01:27:02,120
Speaker 2: serious times. These are serious times and so they will

1803
01:27:02,200 --> 01:27:04,840
Speaker 2: be able to dip into that water supply. So it

1804
01:27:05,040 --> 01:27:06,360
Speaker 2: seems to be coming together.

1805
01:27:06,680 --> 01:27:07,040
Speaker 9: L En G.

1806
01:27:07,439 --> 01:27:10,120
Speaker 2: We're standing by for that announcement and all of government

1807
01:27:10,200 --> 01:27:12,400
Speaker 2: deal with meth and XX standing by for that announcement.

1808
01:27:12,720 --> 01:27:14,479
Speaker 2: Already got a meth ne x deal with a couple

1809
01:27:14,520 --> 01:27:19,120
Speaker 2: of power companies. Shane Jones is going to the EA

1810
01:27:19,680 --> 01:27:23,120
Speaker 2: so they might do something god knows what. And Transpower

1811
01:27:23,240 --> 01:27:25,240
Speaker 2: finally come to the party now that they've put their

1812
01:27:25,280 --> 01:27:26,719
Speaker 2: spanners and undoing bolts.

1813
01:27:27,040 --> 01:27:29,280
Speaker 5: So these are serious times because I wasn't sure, but

1814
01:27:29,360 --> 01:27:31,160
Speaker 5: then something and Brown came on and said.

1815
01:27:31,000 --> 01:27:32,799
Speaker 16: But I would just say we have an energy shortage

1816
01:27:32,840 --> 01:27:35,599
Speaker 16: problem though, and then he said, we'll just make this point, Mike,

1817
01:27:35,680 --> 01:27:37,599
Speaker 16: that end of the day is we have a shortage

1818
01:27:37,680 --> 01:27:38,200
Speaker 16: of energy.

1819
01:27:38,320 --> 01:27:40,920
Speaker 5: And then he said the market market has no energy,

1820
01:27:41,680 --> 01:27:42,280
Speaker 5: no energy.

1821
01:27:42,560 --> 01:27:44,360
Speaker 2: Semis work with us, no energy. We have a shortage.

1822
01:27:44,360 --> 01:27:46,080
Speaker 2: We've got a problem. Yes, that is correct. We have

1823
01:27:46,439 --> 01:27:49,360
Speaker 2: our problem. Five minutes away from nine.

1824
01:27:49,680 --> 01:27:54,680
Speaker 1: Trending now with House the real House of frequency.

1825
01:27:54,200 --> 01:27:57,880
Speaker 2: Now Cristiano Ronaldo has opened this morning a YouTube channel.

1826
01:27:58,160 --> 01:28:02,400
Speaker 2: It is called er Christiano. I think you got that

1827
01:28:02,520 --> 01:28:05,080
Speaker 2: confused with us after shape, I don't. I don't think

1828
01:28:05,120 --> 01:28:09,559
Speaker 2: it is called there you are Christiana? Yeah, Christiano, it's

1829
01:28:09,680 --> 01:28:17,040
Speaker 2: so much better that way you Christiano? Anyway? Is it popular? Yes,

1830
01:28:17,080 --> 01:28:19,120
Speaker 2: it's popular. Here's what you get. I have a big

1831
01:28:19,200 --> 01:28:24,719
Speaker 2: surprise for you around and you YouTube channel.

1832
01:28:24,920 --> 01:28:25,400
Speaker 9: Listen to me.

1833
01:28:25,960 --> 01:28:29,200
Speaker 2: You are bag relas Christiano.

1834
01:28:29,479 --> 01:28:30,200
Speaker 13: While I do the.

1835
01:28:32,920 --> 01:28:39,800
Speaker 2: Boy cry if he's in England, I say no, I

1836
01:28:39,920 --> 01:28:40,320
Speaker 2: don't care.

1837
01:28:40,720 --> 01:28:41,200
Speaker 14: Here we go.

1838
01:28:44,720 --> 01:28:45,719
Speaker 10: Highway Dea.

1839
01:28:46,680 --> 01:28:59,679
Speaker 2: So cute you are Christiano. Okay, So it's the fastest

1840
01:28:59,760 --> 01:29:02,360
Speaker 2: huge tube channel to get a million subscribers ever. Took

1841
01:29:02,400 --> 01:29:05,360
Speaker 2: him ninety minutes. And as it's been on here now

1842
01:29:05,439 --> 01:29:08,880
Speaker 2: for seven hours and it's got seven million subscribers, so

1843
01:29:09,479 --> 01:29:16,040
Speaker 2: he's good. Christian can't argue with it. So today at DNC,

1844
01:29:16,200 --> 01:29:20,360
Speaker 2: day number three are very disappointing day because yesterday I

1845
01:29:20,400 --> 01:29:22,040
Speaker 2: don't know how they did this or why they did

1846
01:29:22,080 --> 01:29:23,840
Speaker 2: it the way they did. But after yesterday there's no

1847
01:29:23,920 --> 01:29:26,800
Speaker 2: coming back for them. Because do you say John Legend today,

1848
01:29:26,840 --> 01:29:28,920
Speaker 2: We think John Legend today could save the day. And

1849
01:29:29,040 --> 01:29:33,519
Speaker 2: Pink tomorrow. I'm saying, if Pink comes down swinging on

1850
01:29:33,760 --> 01:29:39,559
Speaker 2: the trapeze carrying Karmela under an arm, that's a showstopper. Somehow,

1851
01:29:39,560 --> 01:29:41,760
Speaker 2: I don't think it's going to happen. But today, stuck

1852
01:29:41,840 --> 01:29:47,320
Speaker 2: with Nancy Pelosi, Hakeem Jeffries, who's the minority Leader. Tim

1853
01:29:47,360 --> 01:29:48,760
Speaker 2: Wallas is going to speak? He could be a bit

1854
01:29:48,800 --> 01:29:54,439
Speaker 2: hokey and fun. Pete buddhagesh, Hello, I'm Pink. I do

1855
01:29:54,600 --> 01:29:56,040
Speaker 2: you know you got Corey Booker?

1856
01:29:56,120 --> 01:29:56,280
Speaker 18: Yeah?

1857
01:29:56,360 --> 01:29:59,040
Speaker 5: Yeah, yeah, Clayton's Obama?

1858
01:29:59,080 --> 01:30:02,400
Speaker 2: Isn't he a draw car Bill Clinton? So anyway, enjoy

1859
01:30:02,439 --> 01:30:04,200
Speaker 2: that and we'll see you back tomorrow morning from six

1860
01:30:04,439 --> 01:30:06,720
Speaker 2: as always, Happy Day.

1861
01:30:10,040 --> 01:30:12,920
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1862
01:30:13,080 --> 01:30:16,120
Speaker 1: News Talks at b from six am weekdays, or follow

1863
01:30:16,160 --> 01:30:17,720
Speaker 1: the podcast on iHeartRadio