1
00:00:01,720 --> 00:00:04,400
Speaker 1: Pressing the newswakers to get the real story.

2
00:00:04,600 --> 00:00:07,600
Speaker 2: It's Jack Dame on hither due to see Ellen drive

3
00:00:07,920 --> 00:00:09,160
Speaker 2: with one New Zealand.

4
00:00:09,480 --> 00:00:11,760
Speaker 1: Let's get connected. A new Stork said.

5
00:00:11,520 --> 00:00:18,440
Speaker 3: B GL to New Zealand, good afternoon, Well, welcome to Newstalks.

6
00:00:18,480 --> 00:00:20,440
Speaker 3: He'd be Jack Dame in the hot seat for Heather.

7
00:00:20,520 --> 00:00:23,279
Speaker 3: So imagine this. Imagine you come out of a lovely

8
00:00:23,320 --> 00:00:26,599
Speaker 3: restaurant in the evening. Someone rushes by, grabs your bag,

9
00:00:26,760 --> 00:00:29,280
Speaker 3: your wallet, your credit cards. They rush off into the night.

10
00:00:29,280 --> 00:00:32,760
Speaker 3: There's a police officer standing by. You say, officer, officer,

11
00:00:33,280 --> 00:00:38,720
Speaker 3: please do something. The criminal jumps into a car speeds off.

12
00:00:38,880 --> 00:00:43,320
Speaker 3: The officer looks at you somewhat sheepishly and says do

13
00:00:43,400 --> 00:00:47,200
Speaker 3: you have your full license? And say what do you mean?

14
00:00:48,040 --> 00:00:51,040
Speaker 3: The officer says, I'm just on my restricted and it's

15
00:00:51,080 --> 00:00:55,360
Speaker 3: after ten pm. Can you believe this? The New Zealand

16
00:00:55,360 --> 00:00:58,880
Speaker 3: Police are opening up applications for new officers to people

17
00:00:58,880 --> 00:01:02,400
Speaker 3: who only have their restrict did driver's license speaks to

18
00:01:03,040 --> 00:01:04,800
Speaker 3: how desperate they are to try and fill the ranks

19
00:01:04,800 --> 00:01:06,360
Speaker 3: at the moment they reckon it'll open them up to

20
00:01:06,360 --> 00:01:08,800
Speaker 3: another two hundred and fifty thousand people who couldn't apply.

21
00:01:08,840 --> 00:01:10,880
Speaker 3: But we're going to be speaking with police after five

22
00:01:10,959 --> 00:01:13,240
Speaker 3: this evening, as well as that the Greens have released

23
00:01:13,280 --> 00:01:17,279
Speaker 3: the executive summary and to Darlene Tanner and her report,

24
00:01:17,360 --> 00:01:18,880
Speaker 3: so we'll bring in some of the details on that

25
00:01:19,000 --> 00:01:21,520
Speaker 3: very shortly. Right now it is eight minutes past four.

26
00:01:22,720 --> 00:01:23,440
Speaker 1: Team.

27
00:01:23,680 --> 00:01:27,120
Speaker 3: If there is any silver lining, any silver lining of

28
00:01:27,200 --> 00:01:30,200
Speaker 3: the last couple of years, it is surely that everyone

29
00:01:30,319 --> 00:01:34,920
Speaker 3: is now a monetary policy expert. That the top line

30
00:01:34,959 --> 00:01:39,280
Speaker 3: figure from today's consumer price Index I think will come

31
00:01:39,319 --> 00:01:41,880
Speaker 3: as a big relief to most of us. Three point

32
00:01:41,959 --> 00:01:47,840
Speaker 3: three percent is tantalizingly close to the Reserve banks target band.

33
00:01:48,320 --> 00:01:50,720
Speaker 3: But I got to say, I still feel pretty anxious

34
00:01:51,240 --> 00:01:56,280
Speaker 3: about the tradeables non tradeables division. Five point four percent

35
00:01:56,640 --> 00:01:59,720
Speaker 3: for non tradables. That's effectively five point four percent for

36
00:02:00,080 --> 00:02:04,880
Speaker 3: domestic inflationary forces as opposed to international forces. And five

37
00:02:04,920 --> 00:02:08,280
Speaker 3: point four percent, you have to say, is still very high.

38
00:02:09,240 --> 00:02:13,040
Speaker 3: The Reserve Bank finds itself in a tricky position now.

39
00:02:13,400 --> 00:02:16,640
Speaker 3: I mean, the government has been incredibly blunt about forcing

40
00:02:16,680 --> 00:02:22,880
Speaker 3: the RBNZ to focus ruthlessly, single mindedly on inflation. Scrapping

41
00:02:22,919 --> 00:02:25,400
Speaker 3: the dual mandate was the very first thing they did

42
00:02:25,520 --> 00:02:28,320
Speaker 3: as a government, And you would have to say, economic

43
00:02:28,400 --> 00:02:32,799
Speaker 3: vibes are probably about as bad right now as they

44
00:02:32,880 --> 00:02:37,160
Speaker 3: have been in my adult lifetime, maybe even as they

45
00:02:37,200 --> 00:02:40,720
Speaker 3: have been this century. These are grim times, and most

46
00:02:40,720 --> 00:02:43,720
Speaker 3: of the big banks think that cuts are coming. Most

47
00:02:43,720 --> 00:02:46,800
Speaker 3: of them now have adjusted their forecasts. They're expecting the

48
00:02:46,800 --> 00:02:49,760
Speaker 3: first cuts to the OCR in November, maybe even fifty

49
00:02:49,800 --> 00:02:53,200
Speaker 3: basis points this year. But look, I gotta say, I

50
00:02:53,240 --> 00:02:58,000
Speaker 3: feel like I have come I have become too accustomed

51
00:02:58,280 --> 00:03:01,840
Speaker 3: to bad news on theation front to get too excited

52
00:03:01,960 --> 00:03:05,000
Speaker 3: just yet, because here's the thing, five point four percent

53
00:03:05,880 --> 00:03:08,880
Speaker 3: on those non tradables. If we don't see a good

54
00:03:08,880 --> 00:03:13,360
Speaker 3: improvement on that non tradable figure come October and the

55
00:03:13,360 --> 00:03:16,600
Speaker 3: next CPI data, With the uncertainty of the US election

56
00:03:16,960 --> 00:03:22,880
Speaker 3: and the US presidency, it is surely not inconceivable that

57
00:03:23,000 --> 00:03:27,680
Speaker 3: Adrian All would say, Hey, you wanted us to conquer inflation.

58
00:03:28,080 --> 00:03:31,040
Speaker 3: You wanted us to be bloody minded when it comes

59
00:03:31,040 --> 00:03:34,440
Speaker 3: to inflation. We are going to make damn sure that

60
00:03:34,520 --> 00:03:38,440
Speaker 3: thing is dead before we make any cuts. So are

61
00:03:38,560 --> 00:03:44,520
Speaker 3: cuts coming in November? I might bet my mortgage on it,

62
00:03:45,640 --> 00:03:51,119
Speaker 3: but I wouldn't yet bet the house team ninety two

63
00:03:51,160 --> 00:03:52,480
Speaker 3: is our text number. We're going to take a look

64
00:03:52,480 --> 00:03:54,640
Speaker 3: at that with the Finance Minister. She's going to be

65
00:03:54,640 --> 00:03:56,880
Speaker 3: with us right after five o'clock this evening. Break down

66
00:03:56,880 --> 00:03:59,840
Speaker 3: that tradable non tradable division. There has been some improvement

67
00:03:59,840 --> 00:04:03,000
Speaker 3: on the non tradable figure core inflation down as well,

68
00:04:03,000 --> 00:04:05,720
Speaker 3: but still a couple of things that might be making

69
00:04:05,720 --> 00:04:09,240
Speaker 3: the more pessimistic economists a little bit anxious. So we'll

70
00:04:09,240 --> 00:04:11,520
Speaker 3: bring you that very shortly right now though it is

71
00:04:11,560 --> 00:04:13,480
Speaker 3: eleven minutes past four and news talks. He'd be and

72
00:04:13,520 --> 00:04:16,840
Speaker 3: we've got some numbers out regarding the youth offender boot camps.

73
00:04:17,240 --> 00:04:21,320
Speaker 3: The auding atomaticy run pilot program could cost one hundred

74
00:04:21,360 --> 00:04:26,599
Speaker 3: thousand dollars for every teenager in the program. The twelvemonth program,

75
00:04:26,640 --> 00:04:30,239
Speaker 3: we'll see one on one mentoring for each teenager alongside travel,

76
00:04:30,560 --> 00:04:34,479
Speaker 3: food education. Their residential phase is going to give the

77
00:04:34,560 --> 00:04:38,880
Speaker 3: youth time for counseling, physical activity, and guest speakers will

78
00:04:38,880 --> 00:04:42,440
Speaker 3: appear before them so they can assist with their community transition.

79
00:04:43,560 --> 00:04:45,680
Speaker 3: David Graham is the CEO of the Billy Graham Youth

80
00:04:45,720 --> 00:04:49,360
Speaker 3: Foundation and is with us this afternoon. Hi, David, Jack

81
00:04:49,480 --> 00:04:52,919
Speaker 3: one hundred thousand dollars feels very expensive. Indeed, do you reckon

82
00:04:52,960 --> 00:04:54,400
Speaker 3: the cost is too steep?

83
00:04:56,120 --> 00:04:56,800
Speaker 4: I'm probably not.

84
00:04:56,680 --> 00:04:58,920
Speaker 5: Too sure about that. I think that if you look

85
00:04:58,960 --> 00:05:01,720
Speaker 5: down stream and you see what it costs to keep

86
00:05:01,720 --> 00:05:05,520
Speaker 5: one of these, you know, at the stage young men

87
00:05:05,240 --> 00:05:08,240
Speaker 5: in a white air facility, and what it costs down

88
00:05:08,320 --> 00:05:10,760
Speaker 5: and maindustice. If we can get in front of us

89
00:05:10,800 --> 00:05:14,039
Speaker 5: now at it costs one hundred k. Probably not too

90
00:05:14,080 --> 00:05:16,040
Speaker 5: worried about that. As long as we can we can

91
00:05:16,080 --> 00:05:16,640
Speaker 5: get it right.

92
00:05:17,600 --> 00:05:20,200
Speaker 3: You've seen a bit more detail in the plan as

93
00:05:20,279 --> 00:05:21,839
Speaker 3: to how these book camps are going to work a

94
00:05:21,839 --> 00:05:24,520
Speaker 3: bit more detail about what these guys are going to

95
00:05:24,560 --> 00:05:26,760
Speaker 3: be up to on a day to day basis. So

96
00:05:26,839 --> 00:05:29,280
Speaker 3: do you have confidence that this could actually work?

97
00:05:31,000 --> 00:05:34,720
Speaker 5: Look, we've been engaging this the last twelve months and

98
00:05:34,760 --> 00:05:38,440
Speaker 5: what we're really happy about is the positive shift from

99
00:05:38,480 --> 00:05:41,080
Speaker 5: what was campaigned on. So going from a twelve month

100
00:05:41,240 --> 00:05:44,640
Speaker 5: residential piece down to three months, that allows us time

101
00:05:44,680 --> 00:05:47,520
Speaker 5: to focus on what was always going to be the hardest,

102
00:05:47,640 --> 00:05:52,760
Speaker 5: most complex bit, which is the transition. So you're happy,

103
00:05:53,000 --> 00:05:57,120
Speaker 5: really happy to see that. A couple of points what

104
00:05:57,160 --> 00:05:59,120
Speaker 5: we need to be making sure of is that the

105
00:05:59,200 --> 00:06:02,200
Speaker 5: young people we're talking about these ten young men between

106
00:06:02,800 --> 00:06:06,440
Speaker 5: fourteen and seventeen, eighteen years of age, but they are

107
00:06:06,880 --> 00:06:10,039
Speaker 5: choosing to engage with the mentors that are put in

108
00:06:10,040 --> 00:06:12,520
Speaker 5: front of them. Now there's no slight on the mentors,

109
00:06:12,520 --> 00:06:14,640
Speaker 5: but the factor is that we're talking about, you know,

110
00:06:15,160 --> 00:06:17,800
Speaker 5: from the ten hardest case young people in the country.

111
00:06:18,480 --> 00:06:21,200
Speaker 6: They have low trust for adults and if you look.

112
00:06:21,040 --> 00:06:24,240
Speaker 5: At their backgrounds, that's a good reason. So we need

113
00:06:24,279 --> 00:06:27,280
Speaker 5: to make all the relationship between the young person and

114
00:06:27,360 --> 00:06:32,159
Speaker 5: that mentor is you know, at least not initially, but

115
00:06:32,960 --> 00:06:36,200
Speaker 5: pretty soon on have been driven by the young person.

116
00:06:37,240 --> 00:06:40,120
Speaker 5: And the second thing that would say is that the

117
00:06:40,160 --> 00:06:43,800
Speaker 5: task is that has put out this morning for these mentors,

118
00:06:44,320 --> 00:06:47,359
Speaker 5: if it's by themselves, it really is an impossible feat.

119
00:06:47,920 --> 00:06:49,880
Speaker 5: If the job is a mental to fix one of

120
00:06:49,880 --> 00:06:52,080
Speaker 5: these you know, one of these ten hardest case young

121
00:06:52,120 --> 00:06:54,760
Speaker 5: people to come through within twelve months, that's.

122
00:06:54,520 --> 00:06:55,200
Speaker 6: Not going to happen.

123
00:06:55,560 --> 00:06:59,360
Speaker 5: So what it requires is once that young person has

124
00:06:59,400 --> 00:07:04,320
Speaker 5: transitioning into the community, for community leaders to wrap up

125
00:07:04,440 --> 00:07:05,880
Speaker 5: this young person right.

126
00:07:05,920 --> 00:07:07,000
Speaker 7: And it's the most thing.

127
00:07:07,920 --> 00:07:10,120
Speaker 5: You know, they're there in this position in the first

128
00:07:10,160 --> 00:07:12,560
Speaker 5: place because of you know, these these climes have gone

129
00:07:12,560 --> 00:07:15,160
Speaker 5: down against the community. But this is where the rother

130
00:07:15,240 --> 00:07:17,800
Speaker 5: meets the road. We need to have good relationships between

131
00:07:17,840 --> 00:07:22,000
Speaker 5: young person and mentor, and the community has got to

132
00:07:22,040 --> 00:07:24,560
Speaker 5: wrap up these young people once they're re engaged.

133
00:07:24,600 --> 00:07:27,120
Speaker 3: Well, it's the re engaging bit that's vital right now.

134
00:07:27,120 --> 00:07:31,640
Speaker 3: And you know, when you go through the relatively sparse

135
00:07:32,240 --> 00:07:36,040
Speaker 3: research into the previous iterations of boot camps, one message

136
00:07:36,080 --> 00:07:38,520
Speaker 3: that keep coming through from all of the official advice

137
00:07:38,920 --> 00:07:41,080
Speaker 3: is that boot camp's are one thing, but actually it's

138
00:07:41,120 --> 00:07:43,640
Speaker 3: the support when these young people re into the community

139
00:07:43,640 --> 00:07:45,680
Speaker 3: that is way, way, way more important.

140
00:07:47,080 --> 00:07:47,520
Speaker 4: That's right.

141
00:07:47,960 --> 00:07:51,560
Speaker 5: What we saw from from the reviews is that after

142
00:07:51,600 --> 00:07:55,360
Speaker 5: eighteen months, that's when we start to say that reoffending occur.

143
00:07:56,320 --> 00:07:58,960
Speaker 5: And so what that tells us is that these young

144
00:07:58,960 --> 00:08:02,040
Speaker 5: people actually need to be handheld for a greater period

145
00:08:02,080 --> 00:08:04,720
Speaker 5: than the twelve months. And so if we're going to

146
00:08:04,760 --> 00:08:08,240
Speaker 5: fund a mentor or a frontline provider to engage over

147
00:08:08,280 --> 00:08:10,640
Speaker 5: those twelve months, it has to carry on past that.

148
00:08:11,800 --> 00:08:14,120
Speaker 5: Let's just acknowledge how difficult it is to do what

149
00:08:14,120 --> 00:08:17,080
Speaker 5: we're talking about. You know, we're talking about these ten

150
00:08:17,240 --> 00:08:20,720
Speaker 5: young men and you look at where they've come from.

151
00:08:21,080 --> 00:08:25,040
Speaker 5: They are the greatest victims in the country to begin with,

152
00:08:25,160 --> 00:08:27,680
Speaker 5: and then that sets them up, you know, for what

153
00:08:27,720 --> 00:08:30,240
Speaker 5: they've gone on to, how they've gone on to offend.

154
00:08:30,800 --> 00:08:31,640
Speaker 6: And so if we.

155
00:08:31,520 --> 00:08:34,720
Speaker 5: Can set up a good relationship between a mentor and

156
00:08:34,840 --> 00:08:38,480
Speaker 5: these young people, and then second phase, these communities wrap

157
00:08:38,520 --> 00:08:41,440
Speaker 5: them up, let's keep pumping support them to that because

158
00:08:41,480 --> 00:08:43,559
Speaker 5: that was just that's a profound thing if we can

159
00:08:43,559 --> 00:08:44,200
Speaker 5: pull that off.

160
00:08:44,360 --> 00:08:47,480
Speaker 3: Yeah, Hey, thanks for your tome really appreciate. David Graham there,

161
00:08:47,679 --> 00:08:50,960
Speaker 3: who is the chief executive of the Billy Graham Youth Foundation,

162
00:08:51,040 --> 00:08:52,079
Speaker 3: thanks for your text as well.

163
00:08:52,160 --> 00:08:52,400
Speaker 4: Jack.

164
00:08:52,440 --> 00:08:55,839
Speaker 3: Does the domestic inflation take into account increased immigration numbers,

165
00:08:55,840 --> 00:08:59,320
Speaker 3: which would obviously increase spending, says John. This divide's economists

166
00:08:59,559 --> 00:09:04,680
Speaker 3: because of increasing immigration also increases supply, so you've got

167
00:09:04,720 --> 00:09:07,320
Speaker 3: more people doing work as well as more people buying things,

168
00:09:07,320 --> 00:09:10,760
Speaker 3: and economists are divided about the impact that it has. Jack,

169
00:09:10,920 --> 00:09:13,000
Speaker 3: isn't it fair to say that anything that happens, be

170
00:09:13,040 --> 00:09:14,520
Speaker 3: it good or bad, and the first year of a

171
00:09:14,559 --> 00:09:17,520
Speaker 3: brand new government is down to the previous government, Like

172
00:09:17,559 --> 00:09:19,280
Speaker 3: I think everyone's going to be trying to protect good

173
00:09:19,679 --> 00:09:22,760
Speaker 3: take credit for lower inflation numbers. Three point three percent

174
00:09:22,800 --> 00:09:24,680
Speaker 3: has certainly an improvement on where it has been over

175
00:09:24,679 --> 00:09:26,440
Speaker 3: the last couple of years. It was last at four

176
00:09:26,480 --> 00:09:30,520
Speaker 3: percent for the last CPI update, and this government is

177
00:09:30,559 --> 00:09:33,000
Speaker 3: certainly saying that their policies have helped to bring it down,

178
00:09:33,040 --> 00:09:34,920
Speaker 3: but will put that point to the Finance Minister when

179
00:09:34,960 --> 00:09:37,320
Speaker 3: she joins us after five ninety two ninety two. If

180
00:09:37,360 --> 00:09:39,600
Speaker 3: you want to flick us a text. Right now, it's

181
00:09:39,679 --> 00:09:40,640
Speaker 3: sixteen past four.

182
00:09:41,960 --> 00:09:45,280
Speaker 2: Digging deeper into the day's headlines, it's hither duper c

183
00:09:45,400 --> 00:09:48,800
Speaker 2: Allen Drive with one New Zealand one giant leap for

184
00:09:48,880 --> 00:09:49,959
Speaker 2: business use doorgs.

185
00:09:50,000 --> 00:09:52,800
Speaker 3: He'd be news talks, he'd be nineteen minutes past four,

186
00:09:52,920 --> 00:09:56,880
Speaker 3: made agains made State against State Game three State of Origin.

187
00:09:56,880 --> 00:09:59,560
Speaker 3: Tonight's sports talk host Elliot Smith is or where US

188
00:09:59,600 --> 00:10:00,839
Speaker 3: Blues or the Reds? Who's up?

189
00:10:01,040 --> 00:10:04,120
Speaker 8: I think I'm going the Red side. Moron's obviously got

190
00:10:04,120 --> 00:10:06,680
Speaker 8: a text from a colleague who's in Brisbane who says,

191
00:10:06,840 --> 00:10:09,640
Speaker 8: absolutely feral. At the moment, it's already what we yea

192
00:10:09,920 --> 00:10:13,160
Speaker 8: hang on, it doesn't take off in six hours away. Still, yeah,

193
00:10:13,880 --> 00:10:15,920
Speaker 8: this place is completely Nart's Game three one. All the

194
00:10:15,920 --> 00:10:18,160
Speaker 8: whole city is feral. They've sold out of Queensland, Jerseys

195
00:10:18,200 --> 00:10:21,360
Speaker 8: and the whole city other than kid sizes. So it's

196
00:10:21,400 --> 00:10:23,640
Speaker 8: all set for a decider. And to be honest, I

197
00:10:23,640 --> 00:10:25,240
Speaker 8: don't think the series has been that great to this

198
00:10:25,280 --> 00:10:27,960
Speaker 8: point years. We're heading to a decider tonight, but there

199
00:10:28,040 --> 00:10:30,120
Speaker 8: is nice to have a decide, it is right, but

200
00:10:30,600 --> 00:10:32,800
Speaker 8: both games have been blowouts on each side so far,

201
00:10:32,920 --> 00:10:36,280
Speaker 8: so look, let's have a close contest tonight. Lives up

202
00:10:36,280 --> 00:10:40,400
Speaker 8: to the expectation absolutely because I guess Origin needs it.

203
00:10:40,400 --> 00:10:42,880
Speaker 8: It probably doesn't hold the same hold that maybe it

204
00:10:42,960 --> 00:10:46,559
Speaker 8: had ten, fifteen, twenty years ago, but it's still cactivating,

205
00:10:46,600 --> 00:10:49,400
Speaker 8: I think so. I think maybe this is a personal view,

206
00:10:49,440 --> 00:10:51,880
Speaker 8: but I think, yeah, perhaps to compared to my interesting

207
00:10:52,080 --> 00:10:54,160
Speaker 8: was ten years ago, not quite there. And I think

208
00:10:54,200 --> 00:10:56,200
Speaker 8: it's because a lot of the Kiwi players are actually

209
00:10:56,200 --> 00:10:58,400
Speaker 8: you know, world class and then not obviously playing Origin,

210
00:10:58,520 --> 00:11:01,640
Speaker 8: so you take them out and yeah, it's gonna be

211
00:11:01,640 --> 00:11:02,199
Speaker 8: good tonight.

212
00:11:02,000 --> 00:11:04,480
Speaker 3: Though, that'd be great, Yeah, especially in Queensland. My goodness.

213
00:11:04,960 --> 00:11:08,160
Speaker 3: The White Ferns summer schedule is through so New Zealand

214
00:11:08,200 --> 00:11:11,040
Speaker 3: Cricket has announced six inbound tours.

215
00:11:11,080 --> 00:11:13,280
Speaker 8: Across the Black black Caps as well, so forty one

216
00:11:13,280 --> 00:11:16,280
Speaker 8: potential days of international cricket, which isn't too bad. We

217
00:11:16,320 --> 00:11:18,440
Speaker 8: already knew the Test dates. They've got three against England

218
00:11:18,440 --> 00:11:20,760
Speaker 8: which are really for me the standout, and there are

219
00:11:20,800 --> 00:11:23,760
Speaker 8: before christmasfore Christmas here it starts late November, so three

220
00:11:24,040 --> 00:11:26,920
Speaker 8: across Wellington, christ chich Hamilton and then we get into

221
00:11:26,920 --> 00:11:28,199
Speaker 8: a lot of white bull cricket for the rest of

222
00:11:28,200 --> 00:11:29,760
Speaker 8: the same. In fact, there's normal tests after that, so

223
00:11:29,800 --> 00:11:32,480
Speaker 8: it's all Test cricket before Christmas and then we're into

224
00:11:32,559 --> 00:11:34,320
Speaker 8: the white bull format. I guess for the black Caps

225
00:11:34,800 --> 00:11:38,319
Speaker 8: it's about rebuilding after that T twenty World Cup horror

226
00:11:38,400 --> 00:11:40,880
Speaker 8: show where they didn't get out of their group and

227
00:11:41,040 --> 00:11:43,920
Speaker 8: a little bit of rebuild with came Williamson stepping away

228
00:11:43,920 --> 00:11:46,480
Speaker 8: from the captain c So they're gonna have Sri Lanka

229
00:11:46,800 --> 00:11:49,160
Speaker 8: just after Christmas and then over to Pakistan for the

230
00:11:49,240 --> 00:11:52,640
Speaker 8: champions Trophy back again, and Pakistan's back here, so the

231
00:11:52,640 --> 00:11:56,080
Speaker 8: White fans have Sri Lanka and Australia to welcome to

232
00:11:56,080 --> 00:11:58,440
Speaker 8: these shores as well. So look, look, always a good

233
00:11:58,520 --> 00:12:01,160
Speaker 8: day when the schedule comes out. Little just trying to

234
00:12:01,200 --> 00:12:03,520
Speaker 8: figure out one because the weather's better than here. But

235
00:12:03,640 --> 00:12:06,160
Speaker 8: so just you know, looking at the international summer and

236
00:12:06,160 --> 00:12:07,200
Speaker 8: hopefully getting to a game.

237
00:12:07,440 --> 00:12:10,280
Speaker 3: Yeah, three now, very good. And Gareth Southgate has announced

238
00:12:10,320 --> 00:12:12,520
Speaker 3: he's going to stand down as England's football manager.

239
00:12:12,640 --> 00:12:15,240
Speaker 8: Yeah, it's interesting to see where his legacy will sort

240
00:12:15,240 --> 00:12:18,560
Speaker 8: of lie because they're famously not won anything since nineteen

241
00:12:18,600 --> 00:12:21,600
Speaker 8: sixty six. But he's the manager that has gotten closer

242
00:12:21,640 --> 00:12:25,600
Speaker 8: than ever before two European Championship finals ultimately didn't win

243
00:12:25,640 --> 00:12:28,679
Speaker 8: either of them this year and four years ago, so

244
00:12:29,480 --> 00:12:31,320
Speaker 8: he's got them closer, but he hasn't quite got them

245
00:12:31,320 --> 00:12:33,719
Speaker 8: to the pomis Land. And for English football fans that's

246
00:12:33,720 --> 00:12:36,760
Speaker 8: still obviously not good enough. And there's been criticism about

247
00:12:36,760 --> 00:12:39,840
Speaker 8: his style and the way that they play. Under Garrith Southgate,

248
00:12:39,880 --> 00:12:42,320
Speaker 8: they got some great players, you know, Phil Foden jubelling

249
00:12:42,400 --> 00:12:45,600
Speaker 8: him at the moment, some generational players that maybe just

250
00:12:45,640 --> 00:12:47,480
Speaker 8: aren't being unleashed in the way that you'd want them

251
00:12:47,520 --> 00:12:49,880
Speaker 8: to an international level. So he's going to step aside.

252
00:12:49,880 --> 00:12:52,000
Speaker 8: Someone's going to step in. We don't know who is yet,

253
00:12:52,040 --> 00:12:54,240
Speaker 8: but yeah, he's waving goodbye.

254
00:12:54,400 --> 00:12:56,679
Speaker 3: Very good. Hey, thank you, sir. Jack Elliott Smith with

255
00:12:56,840 --> 00:12:59,760
Speaker 3: US on Sports Talk tonight's seven o'clock on News Talk

256
00:12:59,760 --> 00:13:01,800
Speaker 3: to b right now is twenty two minutes past four.

257
00:13:03,080 --> 00:13:05,559
Speaker 2: The name you trust to get the answers you need,

258
00:13:05,880 --> 00:13:09,240
Speaker 2: Jack tame On, Heather Duplicy, Alan drive with one New

259
00:13:09,320 --> 00:13:10,880
Speaker 2: Zealand let's get connected.

260
00:13:10,960 --> 00:13:13,679
Speaker 3: The news talk instead be twenty five minutes past four

261
00:13:13,720 --> 00:13:15,360
Speaker 3: on news talks. It'd be fair to say there hasn't

262
00:13:15,360 --> 00:13:17,920
Speaker 3: been a whole lot of detail so far from the

263
00:13:17,960 --> 00:13:20,360
Speaker 3: government about how these so called boot camps are going

264
00:13:20,400 --> 00:13:22,360
Speaker 3: to be working. But reporting from Marin Zet has unearthed

265
00:13:22,360 --> 00:13:26,000
Speaker 3: some documents that have put forward a rough schedule, a

266
00:13:26,080 --> 00:13:29,440
Speaker 3: sort of average day's schedule for the young people who

267
00:13:29,480 --> 00:13:31,120
Speaker 3: are going to be in these camps once they kick

268
00:13:31,200 --> 00:13:33,120
Speaker 3: off next month. I'm just going to read you some

269
00:13:33,160 --> 00:13:36,440
Speaker 3: of the things. Right, So eight fifteen am. You have

270
00:13:36,600 --> 00:13:41,480
Speaker 3: education employment pathways. You have a morning tea break from

271
00:13:41,520 --> 00:13:43,320
Speaker 3: nine to forty five till ten, and you have an

272
00:13:43,320 --> 00:13:46,600
Speaker 3: hour and a half of physical activity from twelve thirty

273
00:13:47,040 --> 00:13:51,240
Speaker 3: until two thirty. You have fuck up Upper cultural connection

274
00:13:51,640 --> 00:13:55,800
Speaker 3: far No. Two forty five. In the afternoon, you have

275
00:13:55,920 --> 00:14:01,520
Speaker 3: counseling or life skills six fifteen ps. Get this daily

276
00:14:01,640 --> 00:14:05,400
Speaker 3: wellness activities. I'm not saying that these are actually necessarily

277
00:14:05,400 --> 00:14:07,440
Speaker 3: bad things, but I just wonder if there's a branding

278
00:14:07,440 --> 00:14:10,360
Speaker 3: issue with all of this. We've been calling them boot camps.

279
00:14:11,200 --> 00:14:13,720
Speaker 3: The government has effectively been calling them boot camps when

280
00:14:13,720 --> 00:14:15,920
Speaker 3: they were campaigning on these But when you think about

281
00:14:15,920 --> 00:14:18,200
Speaker 3: some of those activities, it doesn't sound that boot campy.

282
00:14:18,320 --> 00:14:18,520
Speaker 5: Right.

283
00:14:18,760 --> 00:14:20,920
Speaker 3: There's nothing, at the very least in these documents that

284
00:14:20,960 --> 00:14:23,520
Speaker 3: says there's going to be a drill sergeant yelling at

285
00:14:23,600 --> 00:14:26,200
Speaker 3: grubs to get their noses? How does it start at

286
00:14:26,200 --> 00:14:28,640
Speaker 3: eight am? Shouldn't it be like five am? It's six

287
00:14:28,760 --> 00:14:31,240
Speaker 3: thirty six thirty? Is to wake up? Well, yes, lights

288
00:14:31,240 --> 00:14:33,400
Speaker 3: out at nine thirty six, so but you're an hour

289
00:14:33,440 --> 00:14:34,800
Speaker 3: for the wake up in the morning routine.

290
00:14:34,840 --> 00:14:37,600
Speaker 9: So I don't know, step are in the face at

291
00:14:37,600 --> 00:14:39,200
Speaker 9: six thirty and then run around the campus.

292
00:14:39,280 --> 00:14:42,080
Speaker 3: Yeah, it probably depends on how these how the schedule

293
00:14:42,120 --> 00:14:44,000
Speaker 3: is enforced, and are we going to go with what

294
00:14:44,080 --> 00:14:49,360
Speaker 3: slipper camp? Yeah? Yeah, yeah, yeah yeah yeah. Maybe a

295
00:14:49,360 --> 00:14:51,160
Speaker 3: bit of a bit of a rebrand is on the cards.

296
00:14:51,160 --> 00:14:52,880
Speaker 3: Thanks for your text, Jack, Prison costs US a lot

297
00:14:52,880 --> 00:14:54,760
Speaker 3: more than one hundred thousand dollars per person. I mean,

298
00:14:54,760 --> 00:14:57,160
Speaker 3: this is a really good point. I actually, at first

299
00:14:57,200 --> 00:14:58,720
Speaker 3: I thought one hundred thousand dollars per person on the

300
00:14:58,760 --> 00:15:02,040
Speaker 3: boot Camp program. While that's a lot money, and I thought, actually,

301
00:15:02,560 --> 00:15:05,600
Speaker 3: you know what, if that's the difference between someone going

302
00:15:05,600 --> 00:15:08,520
Speaker 3: on to a lifetime of offending, well, one hundred thousand

303
00:15:08,520 --> 00:15:11,560
Speaker 3: dollars is an absolute steal right because putting them in

304
00:15:11,560 --> 00:15:14,960
Speaker 3: prison or having them in contact with the state would

305
00:15:14,960 --> 00:15:17,080
Speaker 3: cost us much much more over time. Anyway, more, your

306
00:15:17,080 --> 00:15:20,640
Speaker 3: feedback very shortly. Ninety two ninety two is the text

307
00:15:20,760 --> 00:15:22,960
Speaker 3: number if you want to get in touch. It's almost

308
00:15:22,960 --> 00:15:24,920
Speaker 3: four thirty. Jack Tame in for Heather to Percy Allen.

309
00:15:25,240 --> 00:15:26,680
Speaker 3: This is News Talk ZEDB.

310
00:15:28,800 --> 00:15:31,360
Speaker 2: On your smart speaker, on the iHeart app, and in

311
00:15:31,440 --> 00:15:34,920
Speaker 2: your car on your drive home, it's Jacktame on Heather

312
00:15:35,040 --> 00:15:38,760
Speaker 2: Dupleice Ellen drive with one New Zealand. Let's get connected

313
00:15:38,840 --> 00:15:45,360
Speaker 2: and New Talk zed B.

314
00:15:55,120 --> 00:15:59,000
Speaker 3: New Stalk zb you with Jack Tame After five o'clock

315
00:15:59,200 --> 00:16:03,040
Speaker 3: we're going to ask why Tenacious D really canceled their

316
00:16:03,040 --> 00:16:07,440
Speaker 3: New Zealand concerts. So this is Jack Black's band. He's

317
00:16:07,480 --> 00:16:09,800
Speaker 3: been performing as part of a duo for years now.

318
00:16:10,040 --> 00:16:12,360
Speaker 3: To be honest, I thought their music was cool when

319
00:16:12,360 --> 00:16:15,480
Speaker 3: I was about seventeen for about three months, and then

320
00:16:15,520 --> 00:16:21,360
Speaker 3: I thought you know what nah. Anyway, Jack Back's Jack

321
00:16:21,360 --> 00:16:26,480
Speaker 3: Black's bandmate made an extremely ill advised joke about Donald

322
00:16:26,480 --> 00:16:29,960
Speaker 3: Trump's attempted assassination, and look, it was a dumb joke.

323
00:16:30,080 --> 00:16:33,280
Speaker 3: It was a tasteless joke. But in response, Jack Black

324
00:16:33,360 --> 00:16:36,360
Speaker 3: called off the tour and said he's suspending any plans

325
00:16:36,440 --> 00:16:39,400
Speaker 3: for creative endeavors as a duo in the future for

326
00:16:39,480 --> 00:16:41,200
Speaker 3: the time being. So we're going to ask if that

327
00:16:41,280 --> 00:16:44,520
Speaker 3: was a bit of an overreaction after five o'clock this evening.

328
00:16:44,640 --> 00:16:48,040
Speaker 3: Right now, it is twenty four minutes to five, it's the.

329
00:16:47,880 --> 00:16:49,880
Speaker 1: World wires on news Dogs.

330
00:16:49,920 --> 00:16:52,720
Speaker 3: He'd be drive and two of the candidates who lost

331
00:16:52,760 --> 00:16:55,320
Speaker 3: to Donald Trump and the presidential primaries have spoken at

332
00:16:55,320 --> 00:16:59,800
Speaker 3: the Republican National Congress in Milwaukee today or the convention. Nicki,

333
00:17:00,200 --> 00:17:03,120
Speaker 3: who spent months refusing to throw in the towel, now

334
00:17:03,240 --> 00:17:05,800
Speaker 3: says Donald Trump has his strong endorsement.

335
00:17:06,840 --> 00:17:11,359
Speaker 10: We should acknowledge that there are some Americans who don't

336
00:17:11,400 --> 00:17:14,240
Speaker 10: agree with Donald Trump one hundred percent of the time.

337
00:17:14,600 --> 00:17:16,480
Speaker 3: I happen to know some of them.

338
00:17:16,680 --> 00:17:19,480
Speaker 11: I haven't always agreed with President Trump.

339
00:17:20,720 --> 00:17:24,320
Speaker 9: But we agree more often than we disagree.

340
00:17:24,960 --> 00:17:28,600
Speaker 3: And Florida Governor Ron DeSantis is back on the Trump

341
00:17:28,680 --> 00:17:29,640
Speaker 3: bandwagon too.

342
00:17:30,359 --> 00:17:30,600
Speaker 2: Left.

343
00:17:30,760 --> 00:17:34,800
Speaker 12: Send Joe Biden back to his basement, and left, send

344
00:17:35,200 --> 00:17:37,600
Speaker 12: Donald Trump back to the White House.

345
00:17:38,200 --> 00:17:38,440
Speaker 6: Yes.

346
00:17:38,560 --> 00:17:41,439
Speaker 3: On the other side of the political isle, US President

347
00:17:41,520 --> 00:17:44,360
Speaker 3: Joe Biden has called for a ban on assault weapons.

348
00:17:44,720 --> 00:17:47,920
Speaker 3: He says the assassination attempt on Donald Trump proves that

349
00:17:48,000 --> 00:17:50,920
Speaker 3: such a ban is needed now. If he was used

350
00:17:51,000 --> 00:17:54,760
Speaker 3: to shooting Donald Trump, just it was I saw whether

351
00:17:54,840 --> 00:17:56,679
Speaker 3: to kill so togethers, including children.

352
00:17:57,200 --> 00:17:59,480
Speaker 1: It's time to outlaw them.

353
00:18:00,920 --> 00:18:03,560
Speaker 6: I did it once and I will do it again.

354
00:18:05,440 --> 00:18:09,280
Speaker 3: And finally, West Virginia Governor Jim Justice, what a name?

355
00:18:09,440 --> 00:18:12,360
Speaker 3: Has brought out the big guns at the Republican National Convention.

356
00:18:12,760 --> 00:18:15,080
Speaker 1: I know that a lot of you want to meet

357
00:18:15,119 --> 00:18:16,000
Speaker 1: my little buddy.

358
00:18:16,960 --> 00:18:18,440
Speaker 4: So if baby.

359
00:18:18,080 --> 00:18:19,520
Speaker 11: Dog could come on out here.

360
00:18:20,880 --> 00:18:26,040
Speaker 3: Yeah, that's Jim's pet English bulldog, Baby Dog Justice. It

361
00:18:26,119 --> 00:18:29,520
Speaker 3: was brought on stage during his speech, and presumably to

362
00:18:29,800 --> 00:18:32,560
Speaker 3: ensure that his speech would be all over the internet

363
00:18:32,600 --> 00:18:35,760
Speaker 3: all day, Jim gave baby Dog a cute little hat

364
00:18:35,880 --> 00:18:37,560
Speaker 3: to wear as well as.

365
00:18:37,440 --> 00:18:39,000
Speaker 1: The world of watchers.

366
00:18:40,119 --> 00:18:42,000
Speaker 11: You didn't really expect that, did you.

367
00:18:43,520 --> 00:18:45,280
Speaker 3: That is going to be a tough act to follow,

368
00:18:45,320 --> 00:18:47,000
Speaker 3: even for Donald Trump.

369
00:18:47,640 --> 00:18:51,520
Speaker 2: International correspondence with ins and Eye Insurance Peace of Mind

370
00:18:51,560 --> 00:18:52,240
Speaker 2: for New Zealand.

371
00:18:52,240 --> 00:18:56,480
Speaker 3: Business in US correspondent Dan Mitchenson is with US this

372
00:18:56,520 --> 00:18:57,360
Speaker 3: evening killed a Dan.

373
00:18:57,960 --> 00:18:58,640
Speaker 11: Hey Jack.

374
00:18:58,840 --> 00:19:01,120
Speaker 3: So let's start off with news out of the US

375
00:19:01,160 --> 00:19:05,000
Speaker 3: today that Iran had apparently been plotting to kill Donald Trump,

376
00:19:05,280 --> 00:19:08,320
Speaker 3: and concerns over that plot prompted the Secret Service to

377
00:19:08,320 --> 00:19:09,240
Speaker 3: boost his protection.

378
00:19:10,040 --> 00:19:12,840
Speaker 10: Yeah, this has really been interesting that it started with

379
00:19:12,840 --> 00:19:16,640
Speaker 10: a report from CNN that they they being authorities over

380
00:19:16,640 --> 00:19:20,960
Speaker 10: here in the US, got this intelligence briefing from a

381
00:19:21,080 --> 00:19:25,840
Speaker 10: source and they had this for a number of weeks apparently,

382
00:19:25,960 --> 00:19:28,640
Speaker 10: And so, as you mentioned, the Secret Service boosted their

383
00:19:28,640 --> 00:19:32,200
Speaker 10: security around the president. As for the shooter, though whose

384
00:19:32,280 --> 00:19:36,000
Speaker 10: name we know, know, Thomas Matthew Crooks, there's no trail

385
00:19:36,160 --> 00:19:37,879
Speaker 10: that has led the Secret Service to think that he

386
00:19:38,000 --> 00:19:39,040
Speaker 10: was connected to the plot.

387
00:19:39,200 --> 00:19:41,320
Speaker 11: That being said, all.

388
00:19:41,240 --> 00:19:43,560
Speaker 10: This information that we're still getting right now doesn't answer

389
00:19:43,600 --> 00:19:46,879
Speaker 10: the questions about the security lapse at that rally in Pennsylvania.

390
00:19:46,960 --> 00:19:49,840
Speaker 10: How Crooks managed to access that rooftop that was just

391
00:19:49,840 --> 00:19:52,520
Speaker 10: a few hundred yards away that you know, was able

392
00:19:52,560 --> 00:19:55,000
Speaker 10: to launch the shot that injured former President Trump.

393
00:19:55,359 --> 00:19:58,760
Speaker 3: You know, it is actually amazing how little information has

394
00:19:58,800 --> 00:20:03,000
Speaker 3: come out about his background and his motive over the

395
00:20:03,080 --> 00:20:04,639
Speaker 3: last couple of days, don't you think. I mean, I

396
00:20:04,640 --> 00:20:08,000
Speaker 3: mean everyone immediately said, you know, this is political violence,

397
00:20:08,040 --> 00:20:12,240
Speaker 3: and I think there was a general assumption that the

398
00:20:12,680 --> 00:20:15,439
Speaker 3: assassin or attempted assassin might have been an opponent of

399
00:20:15,480 --> 00:20:18,160
Speaker 3: Donald Trump's But really, we actually have nothing to base that.

400
00:20:18,119 --> 00:20:18,720
Speaker 2: On at the moment.

401
00:20:19,280 --> 00:20:20,400
Speaker 11: No, no, we don't.

402
00:20:20,480 --> 00:20:23,760
Speaker 10: I think we're so used to getting information so quickly,

403
00:20:23,880 --> 00:20:26,160
Speaker 10: especially with a digital footprint, as they like to say

404
00:20:26,160 --> 00:20:28,800
Speaker 10: that everybody leaves behind these days, but we really don't.

405
00:20:29,000 --> 00:20:31,280
Speaker 10: Just like, we're not getting much information right now on

406
00:20:31,320 --> 00:20:33,840
Speaker 10: this threat from Iran. I mean they're saying, you know,

407
00:20:33,920 --> 00:20:37,080
Speaker 10: we don't comment on the president's security detail. All the

408
00:20:37,160 --> 00:20:40,680
Speaker 10: questions should be directed to the US Secret Service. And

409
00:20:40,720 --> 00:20:43,240
Speaker 10: then as for the shooter. When this first happened, they

410
00:20:43,320 --> 00:20:46,360
Speaker 10: said it could be weeks, months or even longer before

411
00:20:46,400 --> 00:20:49,280
Speaker 10: we learn a lot about this twenty year old And

412
00:20:49,760 --> 00:20:52,280
Speaker 10: right now we know very little about him except that

413
00:20:52,320 --> 00:20:54,680
Speaker 10: he was registered as a Republican and that he had

414
00:20:55,040 --> 00:20:57,960
Speaker 10: given just a few dollars two Democrats in the past.

415
00:20:58,080 --> 00:21:00,720
Speaker 3: Yeah, it sort of seems as likely anything that this

416
00:21:00,880 --> 00:21:03,240
Speaker 3: was just a really troubled young man looking to make

417
00:21:03,280 --> 00:21:08,240
Speaker 3: a splash, rather than anything that was explicitly politically motivated,

418
00:21:08,280 --> 00:21:12,919
Speaker 3: which might distinguish him from some other assassination attempts in

419
00:21:12,920 --> 00:21:14,520
Speaker 3: the past. That being said, though, Dan just to be

420
00:21:14,560 --> 00:21:17,160
Speaker 3: totally clear that there is no suggestion from the reports

421
00:21:17,280 --> 00:21:19,800
Speaker 3: or the authorities at this stage that the attempt at

422
00:21:19,800 --> 00:21:22,399
Speaker 3: assassination was linked to Iran.

423
00:21:23,240 --> 00:21:25,359
Speaker 11: No, no, not not at this point.

424
00:21:25,760 --> 00:21:28,840
Speaker 10: This is just just early early days, as they like

425
00:21:28,920 --> 00:21:31,000
Speaker 10: to say, this is just intelligence that they're kind of

426
00:21:31,800 --> 00:21:34,240
Speaker 10: leaking out to the press, I think, but there is

427
00:21:34,440 --> 00:21:37,040
Speaker 10: there is not a name that's associated with this that's not,

428
00:21:37,760 --> 00:21:40,480
Speaker 10: you know, one group or is it the country as

429
00:21:40,480 --> 00:21:42,720
Speaker 10: a whole. I mean, this could this could be disproved

430
00:21:43,240 --> 00:21:46,200
Speaker 10: just as easily as it was released to the press

431
00:21:46,440 --> 00:21:47,280
Speaker 10: this time tomorrow.

432
00:21:47,359 --> 00:21:49,600
Speaker 11: But we you know, and that's a frustrating thing.

433
00:21:49,800 --> 00:21:51,360
Speaker 10: You get a little teasted of something and you want

434
00:21:51,359 --> 00:21:54,120
Speaker 10: to know more information because everybody's curious about it.

435
00:21:54,160 --> 00:21:58,240
Speaker 3: And now Dan singer ingrid Andres was performing at Major

436
00:21:58,320 --> 00:22:02,320
Speaker 3: League Baseball's home run derby last night and she was

437
00:22:02,359 --> 00:22:04,760
Speaker 3: doing the national anthem. As we know, the stars and

438
00:22:04,800 --> 00:22:09,200
Speaker 3: stripes is star spangled banner is a very difficult anthem

439
00:22:09,240 --> 00:22:11,520
Speaker 3: to sing, a whole lot more difficult than New Zealand's version.

440
00:22:11,560 --> 00:22:14,040
Speaker 3: I think you have to traverse one and a half octaves.

441
00:22:14,520 --> 00:22:16,879
Speaker 3: But she did not do a good job. Let's have

442
00:22:16,880 --> 00:22:40,160
Speaker 3: a quick listen. I don't think we want to play

443
00:22:40,200 --> 00:22:42,320
Speaker 3: that too much. Dan, we'll have no listeners left. But

444
00:22:42,359 --> 00:22:46,040
Speaker 3: actually there is an explanation, and truthfully it's a sad explanation.

445
00:22:46,640 --> 00:22:47,000
Speaker 6: It is.

446
00:22:47,240 --> 00:22:49,199
Speaker 10: It is because the first thing when you woke up

447
00:22:49,200 --> 00:22:52,840
Speaker 10: today was, apart from next to the VP choice by

448
00:22:52,920 --> 00:22:56,160
Speaker 10: Donald Trump and the aftermath of this weekend shooting was this.

449
00:22:57,040 --> 00:23:00,440
Speaker 10: And I mean everybody started making joke about it and

450
00:23:00,480 --> 00:23:02,840
Speaker 10: comparing it to rose Anne Barr, who sung the national

451
00:23:02,840 --> 00:23:05,560
Speaker 10: anthem and was booed when you did that for the.

452
00:23:05,560 --> 00:23:06,480
Speaker 11: Podres years ago.

453
00:23:06,880 --> 00:23:10,000
Speaker 10: But then we learned that she's been battling a problem,

454
00:23:10,040 --> 00:23:12,239
Speaker 10: and she said that on social media. She said, I'm

455
00:23:12,280 --> 00:23:14,520
Speaker 10: checking myself into a facility today to gel the help

456
00:23:14,600 --> 00:23:15,359
Speaker 10: that I needed.

457
00:23:15,840 --> 00:23:19,040
Speaker 11: She said, I was drunk. This was not meal last night.

458
00:23:19,040 --> 00:23:21,760
Speaker 10: I apologized to Major League Baseball and the fans and

459
00:23:21,800 --> 00:23:23,520
Speaker 10: the country that I love so much for this.

460
00:23:25,440 --> 00:23:26,520
Speaker 11: Rendition. Excuse me.

461
00:23:26,560 --> 00:23:29,000
Speaker 10: And she's the daut of a former Major League strengthen

462
00:23:29,119 --> 00:23:31,600
Speaker 10: and coordinating coach who worked for the Tigers and the

463
00:23:31,680 --> 00:23:34,640
Speaker 10: Rockies and a few other teams. And in all fairness,

464
00:23:34,640 --> 00:23:36,600
Speaker 10: like you said, that song is challenging even at the

465
00:23:36,600 --> 00:23:39,920
Speaker 10: best of times by the best of singers. And when

466
00:23:40,119 --> 00:23:43,120
Speaker 10: you've had too much to drink, I mean, you don't

467
00:23:43,119 --> 00:23:43,920
Speaker 10: even want to go there.

468
00:23:44,040 --> 00:23:45,879
Speaker 3: Yeah, yeah, you really don't. I don't want to go there.

469
00:23:45,920 --> 00:23:47,960
Speaker 3: One I haven't drink. It's actually really interesting if you watch,

470
00:23:48,600 --> 00:23:52,160
Speaker 3: you know, international sporting games, you watch the anthem being performed.

471
00:23:52,440 --> 00:23:55,400
Speaker 3: Often unlike other countries, you see people not singing. They've

472
00:23:55,400 --> 00:23:56,880
Speaker 3: just got the hand over their heart. And there's good

473
00:23:56,920 --> 00:24:01,600
Speaker 3: reason for that. Hey, Donald Trump assassination teamed meme reabilia

474
00:24:02,119 --> 00:24:03,680
Speaker 3: has hit eBay Dan.

475
00:24:04,760 --> 00:24:08,600
Speaker 10: Yeah, and this is something you really wish that people

476
00:24:08,680 --> 00:24:11,840
Speaker 10: wouldn't do. But you're finding all these kind of things

477
00:24:11,880 --> 00:24:15,000
Speaker 10: popping up a newspaper front page, ads, wristbands that were

478
00:24:15,040 --> 00:24:16,920
Speaker 10: used by people who were there, aerial shots of the

479
00:24:17,000 --> 00:24:18,760
Speaker 10: land that you saw on a lot of the networks

480
00:24:18,960 --> 00:24:22,280
Speaker 10: as soon as this happened, t shirts and mugs and

481
00:24:22,359 --> 00:24:25,359
Speaker 10: wal art featuring the moment that mister Trump raised his fist,

482
00:24:25,880 --> 00:24:28,080
Speaker 10: and people are making some money off this.

483
00:24:28,160 --> 00:24:29,760
Speaker 11: I mean, there was one guy that talked to.

484
00:24:29,800 --> 00:24:32,160
Speaker 10: Newsweek over here and he said, I decided to auction

485
00:24:32,280 --> 00:24:35,840
Speaker 10: a lot of the memorabilia that I had because I

486
00:24:35,920 --> 00:24:38,760
Speaker 10: want the money to go for a family vacation.

487
00:24:38,840 --> 00:24:40,160
Speaker 11: And this is a thirty eight year old guy.

488
00:24:40,200 --> 00:24:41,600
Speaker 10: And a lot of the sellers are saying, hey, I'm

489
00:24:41,640 --> 00:24:44,320
Speaker 10: really pleased with the price of the items that I'm

490
00:24:44,359 --> 00:24:46,240
Speaker 10: getting on here. And this is a piece of history,

491
00:24:46,280 --> 00:24:48,879
Speaker 10: and you know, I have every right to sell it online,

492
00:24:48,920 --> 00:24:52,360
Speaker 10: and it's it's a curiosity factor, I guess.

493
00:24:52,280 --> 00:24:54,440
Speaker 3: Yeah, yeah, Hei. Thank you so much, Dan, I appreciate

494
00:24:54,480 --> 00:24:57,520
Speaker 3: your time as if a US correspondent. Dan Mitchinson, thanks

495
00:24:57,520 --> 00:24:59,399
Speaker 3: for your feedback as well, jax Is Stan Did I

496
00:24:59,600 --> 00:25:01,520
Speaker 3: did I that right? Today?

497
00:25:01,760 --> 00:25:01,920
Speaker 4: Dan?

498
00:25:02,040 --> 00:25:05,240
Speaker 3: Right? The Iranian threats to assassinate Donald Trump led to

499
00:25:05,359 --> 00:25:07,919
Speaker 3: increased security. I mean, for goodness sake, that has to

500
00:25:07,960 --> 00:25:10,760
Speaker 3: be the single best piece of gas lighting today. Donald

501
00:25:10,800 --> 00:25:13,760
Speaker 3: Trump was left wide open for a twenty year old

502
00:25:13,800 --> 00:25:17,440
Speaker 3: to take pot shots at YEP. And that's that's exactly right, Barb,

503
00:25:17,560 --> 00:25:22,320
Speaker 3: says Jack regarding the shooter in his background. Does everyone

504
00:25:22,480 --> 00:25:25,240
Speaker 3: have to nominate who they support when registering to vote?

505
00:25:25,840 --> 00:25:29,680
Speaker 3: The shooter was registered as a Republican. No, it depends

506
00:25:29,680 --> 00:25:32,000
Speaker 3: on states. Basically, so if you want to vote in

507
00:25:32,000 --> 00:25:34,479
Speaker 3: a Republican primary, you want to vote on who's going

508
00:25:34,560 --> 00:25:38,119
Speaker 3: to be the Republican nominee for the general election. Most

509
00:25:38,280 --> 00:25:41,080
Speaker 3: states require you to be registered as a Republican, but

510
00:25:41,119 --> 00:25:42,840
Speaker 3: it doesn't mean you have to vote as a Republican

511
00:25:42,840 --> 00:25:45,119
Speaker 3: in the general election. Usually it just means that you

512
00:25:45,160 --> 00:25:48,320
Speaker 3: have to be registered if you want to contest the primaries.

513
00:25:48,400 --> 00:25:51,280
Speaker 3: Race ninety two ninety two is our text number quarter

514
00:25:51,320 --> 00:25:54,359
Speaker 3: to five on news doorg z'db. So the police reckon

515
00:25:54,440 --> 00:25:58,760
Speaker 3: they can attract somewhere between two hundred and fifty thousand

516
00:25:59,080 --> 00:26:02,359
Speaker 3: new recruits. Between zero and two and fifty thousand. There

517
00:26:02,359 --> 00:26:05,040
Speaker 3: are two hundred and fifty thousand people who haven't previously

518
00:26:05,080 --> 00:26:07,800
Speaker 3: been eligible to apply for the police because they don't

519
00:26:07,800 --> 00:26:11,200
Speaker 3: have their full licenses. So they are changing the eligibility

520
00:26:11,280 --> 00:26:13,600
Speaker 3: rules so that even if you've just got your restricted

521
00:26:13,680 --> 00:26:16,480
Speaker 3: driver's license, you can apply to join the police. Here's

522
00:26:16,480 --> 00:26:21,320
Speaker 3: the caveat. In order to pass Police Training College and

523
00:26:21,480 --> 00:26:23,440
Speaker 3: be sworn in as an officer, you have to have

524
00:26:23,480 --> 00:26:28,280
Speaker 3: got your full But my question is if you don't

525
00:26:28,320 --> 00:26:34,080
Speaker 3: have the self drive to get your full license. How

526
00:26:34,119 --> 00:26:36,399
Speaker 3: on earth should we as the public be trusting you

527
00:26:36,880 --> 00:26:39,560
Speaker 3: with the power to arrest people anyway? The police are

528
00:26:39,560 --> 00:26:41,080
Speaker 3: going to be with us after five o'clock, so we

529
00:26:41,080 --> 00:26:42,960
Speaker 3: will put that question to them. Right now, it is

530
00:26:43,040 --> 00:26:44,200
Speaker 3: twelve to five.

531
00:26:44,560 --> 00:26:47,800
Speaker 2: Politics with centrics credit, check your customers and get payment

532
00:26:47,880 --> 00:26:49,560
Speaker 2: certainty and newstalks.

533
00:26:49,560 --> 00:26:53,440
Speaker 3: He'd be political editor. Jason Walls is here, Kilder cure

534
00:26:53,480 --> 00:26:56,280
Speaker 3: a Jack Adam. Yeah, very well, thank you. So another day,

535
00:26:56,280 --> 00:26:58,680
Speaker 3: another Darlene Tanna update. What's the latest?

536
00:27:00,040 --> 00:27:01,679
Speaker 13: I feel like you in the view and the listeners

537
00:27:01,760 --> 00:27:03,679
Speaker 13: might be getting a bit sick of me talking about this,

538
00:27:03,800 --> 00:27:06,440
Speaker 13: but it is the big story in town. Even more

539
00:27:06,480 --> 00:27:10,520
Speaker 13: developments on this and some of somewhat of an extraordinary case.

540
00:27:10,720 --> 00:27:12,840
Speaker 13: The last time we spoke about this, the Greens were

541
00:27:12,880 --> 00:27:16,800
Speaker 13: waiting to sign off from Darley in Tana before releasing

542
00:27:16,920 --> 00:27:17,800
Speaker 13: this report.

543
00:27:17,920 --> 00:27:19,639
Speaker 3: She and her husband were not playing ball.

544
00:27:20,119 --> 00:27:23,680
Speaker 13: Thus the report was sitting in somewhat of limbo land.

545
00:27:23,720 --> 00:27:26,920
Speaker 13: I say limbo. It's been leaking like a sieve every manner.

546
00:27:26,960 --> 00:27:28,880
Speaker 13: The dog seems to have a copy of this report.

547
00:27:29,160 --> 00:27:30,040
Speaker 3: I wonder why.

548
00:27:30,240 --> 00:27:32,560
Speaker 13: But the Greens have now said buggert and have just

549
00:27:32,640 --> 00:27:36,160
Speaker 13: released the executive summary, and there's been so much leaking.

550
00:27:36,200 --> 00:27:37,240
Speaker 3: As I say that, there's.

551
00:27:37,080 --> 00:27:40,320
Speaker 13: Not really too much surprising that we've seen in the

552
00:27:40,359 --> 00:27:43,399
Speaker 13: executive summary, which is about twelve pages, but we can

553
00:27:43,480 --> 00:27:45,560
Speaker 13: now see in plain English and black and white that

554
00:27:45,640 --> 00:27:48,560
Speaker 13: a key plank of Darhlian's Tana defense was that she

555
00:27:48,720 --> 00:27:52,600
Speaker 13: sold her shareholdings in April twenty nineteen and ceased active

556
00:27:52,640 --> 00:27:56,159
Speaker 13: involvement with the company. Then, however, the report says that

557
00:27:56,359 --> 00:27:58,960
Speaker 13: after that date she continued to be involved with the

558
00:27:59,000 --> 00:28:03,000
Speaker 13: company and that at times that involvement was quote extensive.

559
00:28:03,119 --> 00:28:06,719
Speaker 13: Tana has disputed aspects of the report, but lawyer rachel

560
00:28:06,720 --> 00:28:10,480
Speaker 13: Bert and the process used to complete it essentially said

561
00:28:11,320 --> 00:28:15,520
Speaker 13: that there has been conflicting stories and evidence that has

562
00:28:15,560 --> 00:28:19,080
Speaker 13: been moving around in the process of making up this report.

563
00:28:19,200 --> 00:28:21,680
Speaker 13: So all in all, it doesn't actually paint Tana in

564
00:28:21,720 --> 00:28:24,080
Speaker 13: a very good light at all, and that's what the

565
00:28:24,119 --> 00:28:25,640
Speaker 13: Greens are really banking on here.

566
00:28:26,359 --> 00:28:27,320
Speaker 3: They want her gone.

567
00:28:27,440 --> 00:28:30,560
Speaker 13: They weren't her out of parliament all together. But as

568
00:28:30,600 --> 00:28:33,240
Speaker 13: we learned on One News in the interview that they

569
00:28:33,240 --> 00:28:36,120
Speaker 13: did with Tana on Monday, she's still making up her

570
00:28:36,200 --> 00:28:38,560
Speaker 13: mind whether or not she's going to stay around saying

571
00:28:38,560 --> 00:28:41,320
Speaker 13: that she's taking advice from Ewe and Hapu, and she

572
00:28:41,440 --> 00:28:44,520
Speaker 13: says that she I mean to be honest with you, Jack,

573
00:28:44,560 --> 00:28:46,800
Speaker 13: it sounds like she's planning on staying, but she says

574
00:28:46,800 --> 00:28:49,640
Speaker 13: that she's going to let us all know soon now. Meanwhile,

575
00:28:49,920 --> 00:28:53,240
Speaker 13: Tana has also told one News that she has discussed

576
00:28:53,400 --> 00:28:56,600
Speaker 13: discussed with the Clerk of the House what expectations are

577
00:28:56,640 --> 00:29:00,440
Speaker 13: in place for her as an in the as.

578
00:29:00,360 --> 00:29:03,480
Speaker 3: An independent MP. I'm presuming you were saying there, Jason, Yeah,

579
00:29:03,480 --> 00:29:05,320
Speaker 3: I mean, this is one of the things that she

580
00:29:05,760 --> 00:29:08,000
Speaker 3: needs to consider if she's going to stay on as

581
00:29:08,040 --> 00:29:10,600
Speaker 3: an independent. There are all sorts of logistical challenges. I

582
00:29:10,640 --> 00:29:14,040
Speaker 3: can't imagine that she might have the staffing arrangements that

583
00:29:14,120 --> 00:29:16,520
Speaker 3: some other political parties would have. So she's been talking

584
00:29:16,520 --> 00:29:18,720
Speaker 3: to the Clerk of the House. She's been talking to

585
00:29:18,760 --> 00:29:21,080
Speaker 3: the Clerk of the House and trying to get some

586
00:29:21,320 --> 00:29:26,600
Speaker 3: accurate sense and accurate information on that front. After five o'clock,

587
00:29:26,600 --> 00:29:28,720
Speaker 3: actually we're going to be speaking with Catherine Della Hunty,

588
00:29:28,760 --> 00:29:30,920
Speaker 3: the former Green's MP. I reckon this is going to

589
00:29:30,920 --> 00:29:32,720
Speaker 3: be dividing the Greens party. I reckon there will be

590
00:29:32,720 --> 00:29:36,720
Speaker 3: some people who reckon they should be invoking the Waker

591
00:29:36,800 --> 00:29:41,640
Speaker 3: Jumping Act and essentially kicking her out of Parliament, bringing

592
00:29:41,720 --> 00:29:44,760
Speaker 3: in a different Greens MP. I think there'll be some

593
00:29:44,800 --> 00:29:47,960
Speaker 3: other people who say no, no, no. We were vehemently

594
00:29:48,000 --> 00:29:50,160
Speaker 3: opposed to Waker jumping, even though we had to support

595
00:29:50,200 --> 00:29:53,200
Speaker 3: it in Parliament. We swallowed it. We swallowed a rat

596
00:29:53,200 --> 00:29:54,720
Speaker 3: that time. We're not going to be doing it again.

597
00:29:54,960 --> 00:29:57,520
Speaker 3: And yeah, that'll be their position, but it's going to

598
00:29:57,520 --> 00:30:00,240
Speaker 3: be very interesting if indeed Darling Tana does the side

599
00:30:00,280 --> 00:30:02,640
Speaker 3: to stay. Catherine Della Hunty with us after five o'clock

600
00:30:02,920 --> 00:30:06,000
Speaker 3: now that that executive summary has been released. Right now

601
00:30:06,080 --> 00:30:07,200
Speaker 3: it is eight to five.

602
00:30:08,240 --> 00:30:12,080
Speaker 2: Putting the tough questions to the newspeakers the mic Hosking breakfast.

603
00:30:12,120 --> 00:30:14,320
Speaker 14: It's a letter of expectations to farm at fire, make

604
00:30:14,360 --> 00:30:16,680
Speaker 14: churaul of benefit as well as could they point to

605
00:30:16,800 --> 00:30:19,720
Speaker 14: anything tangible that as a result of dealing with the

606
00:30:19,760 --> 00:30:21,880
Speaker 14: treaty in the way they did that they improved the

607
00:30:21,960 --> 00:30:24,040
Speaker 14: outcome for anybody in this country at all.

608
00:30:24,600 --> 00:30:27,760
Speaker 15: Not not something that I can point to. You know,

609
00:30:27,800 --> 00:30:30,840
Speaker 15: we are responsible as well for access and there's something

610
00:30:30,840 --> 00:30:33,480
Speaker 15: in those more rural communities you get a different standard

611
00:30:33,480 --> 00:30:36,080
Speaker 15: of gear if you like in Auckland because of your

612
00:30:36,120 --> 00:30:38,800
Speaker 15: access to hospitals and medicines, and we want to make

613
00:30:38,840 --> 00:30:40,440
Speaker 15: sure that those medicines are getting.

614
00:30:40,200 --> 00:30:41,640
Speaker 5: To the more rural areas.

615
00:30:41,760 --> 00:30:44,320
Speaker 15: So and that consequence, I think it could be affecting

616
00:30:44,440 --> 00:30:48,120
Speaker 15: Marty that traditionally do look more rural areas sometimes.

617
00:30:47,440 --> 00:30:50,280
Speaker 14: Back tomorrow at six am the Mic Hosking Breakfast with

618
00:30:50,600 --> 00:30:52,240
Speaker 14: Jaguar Newstalk ZB.

619
00:30:52,280 --> 00:30:54,880
Speaker 3: Five to five on Newstalk ZEDBU with Jack Tame. If

620
00:30:54,920 --> 00:30:56,840
Speaker 3: there is one number you need to know today, this

621
00:30:56,960 --> 00:30:59,760
Speaker 3: is at three point three. That is the good news.

622
00:30:59,800 --> 00:31:02,240
Speaker 3: I think we can call it good news. Three point

623
00:31:02,280 --> 00:31:06,360
Speaker 3: three is the annualized inflation from the latest quarterly CPI.

624
00:31:07,240 --> 00:31:09,720
Speaker 3: The Consumer Price Index three point three, of course is

625
00:31:09,880 --> 00:31:12,320
Speaker 3: very very close to the Reserve banks target band of

626
00:31:12,400 --> 00:31:15,880
Speaker 3: one to three percent for inflation. So does this mean

627
00:31:16,560 --> 00:31:19,280
Speaker 3: that cuts to the OCR are coming well? The good

628
00:31:19,320 --> 00:31:22,160
Speaker 3: news is that a couple of banks have already upgraded

629
00:31:22,200 --> 00:31:25,040
Speaker 3: their forecast. A and Z moved shortly after that CPI

630
00:31:25,120 --> 00:31:27,800
Speaker 3: data came through today to say they are now expecting

631
00:31:27,840 --> 00:31:30,800
Speaker 3: cuts to the OCR in November of this year. What

632
00:31:30,840 --> 00:31:33,959
Speaker 3: I want to know is getting too excited? Is there

633
00:31:34,000 --> 00:31:36,600
Speaker 3: any possibility we could see fifty basis points this year

634
00:31:37,120 --> 00:31:39,880
Speaker 3: scraped off the OCR. Sharon z Olner is going to

635
00:31:39,880 --> 00:31:41,720
Speaker 3: be with us right after five o'clock this evening. We'll

636
00:31:41,760 --> 00:31:43,920
Speaker 3: be speaking with Nikola Willis. I note that the government

637
00:31:44,040 --> 00:31:47,880
Speaker 3: is already patting itself on the back and congratulating themselves

638
00:31:47,880 --> 00:31:51,040
Speaker 3: for that lower inflation number. Jack on the text machine,

639
00:31:51,080 --> 00:31:53,360
Speaker 3: why didn't Adrian or do his job in the past

640
00:31:53,400 --> 00:31:56,479
Speaker 3: six years. He's obviously just found a crystal ball. Honestly,

641
00:31:56,520 --> 00:31:59,400
Speaker 3: there is no credibility in this position. He is largely

642
00:31:59,440 --> 00:32:01,440
Speaker 3: responsible for the mess we're in and now trying to

643
00:32:01,480 --> 00:32:05,840
Speaker 3: rectify it. I mean, yeah, yeah, this is He's certainly

644
00:32:05,880 --> 00:32:07,680
Speaker 3: been a punching bag. The RB and Z has certainly

645
00:32:07,720 --> 00:32:10,640
Speaker 3: been a punching bag. And they have a delicate, delicate,

646
00:32:10,720 --> 00:32:14,920
Speaker 3: delicate road ahead of them as they try to ease

647
00:32:16,440 --> 00:32:20,400
Speaker 3: the OCR off whilst not adding to any inflationary pressures.

648
00:32:20,760 --> 00:32:23,560
Speaker 3: Ben's flick me a note to say, Jack, Darlene Tanner

649
00:32:23,680 --> 00:32:26,720
Speaker 3: has no mandate. The only mandate she had was being

650
00:32:26,720 --> 00:32:28,440
Speaker 3: a part of the Green Party, being a part of

651
00:32:28,480 --> 00:32:31,120
Speaker 3: that caucus as an MP. As far as I'm concerned,

652
00:32:31,120 --> 00:32:33,720
Speaker 3: she should be gone. And Viv reckons that Darlene will

653
00:32:33,760 --> 00:32:37,080
Speaker 3: go to Tiparty Mardi. I'm not so sure. Dev viv

654
00:32:38,040 --> 00:32:42,040
Speaker 3: I interviewed Debbie Nardi Wpacker from Tiparty Mardi this week

655
00:32:42,480 --> 00:32:45,920
Speaker 3: after that. Explicitly, she says she had zero contact with

656
00:32:46,080 --> 00:32:49,040
Speaker 3: Darling Tana. They hadn't reached out. Darling Tana hadn't reached

657
00:32:49,040 --> 00:32:52,440
Speaker 3: out to them. She wasn't expecting any communication as far

658
00:32:52,480 --> 00:32:54,640
Speaker 3: as she was concerned. It was a matter for the Greens,

659
00:32:54,680 --> 00:32:56,840
Speaker 3: and it is a matter for the Greens. So we'll

660
00:32:56,880 --> 00:32:59,960
Speaker 3: be putting this whole fiasco to form a Green emp

661
00:33:00,040 --> 00:33:02,840
Speaker 3: he Catherine dalla Hunty when she joins us after five.

662
00:33:03,160 --> 00:33:06,080
Speaker 3: Nikola willis with us, very sure. Soon news is next.

663
00:33:06,080 --> 00:33:08,360
Speaker 3: Note it's almost five o'clock. Jack j men for HEATHERN

664
00:33:08,640 --> 00:33:10,080
Speaker 3: and this is news doorg ZEDB.

665
00:33:13,760 --> 00:33:16,960
Speaker 2: The only drive show you can trust to ask the questions,

666
00:33:17,080 --> 00:33:20,600
Speaker 2: get the answers by the facts and give the analysis.

667
00:33:20,720 --> 00:33:23,400
Speaker 2: Jack Daime on Heather due to see allan drive with

668
00:33:23,680 --> 00:33:27,160
Speaker 2: one New Zealand let's get connected News Talk zed B.

669
00:33:28,600 --> 00:33:31,760
Speaker 3: So the data is out, annual inflation falling to three

670
00:33:31,800 --> 00:33:34,680
Speaker 3: point three percent in the June quarter, lifting hopes of

671
00:33:34,760 --> 00:33:39,040
Speaker 3: possible interest rate cuts sometime soon, ASB now forecasts a

672
00:33:39,080 --> 00:33:41,880
Speaker 3: twenty five basis point cut to the OCR in both

673
00:33:41,880 --> 00:33:46,320
Speaker 3: October and then again in November fifty basis points. This year, however,

674
00:33:46,600 --> 00:33:49,800
Speaker 3: non tradable inflation is still worryingly high, according to the data,

675
00:33:49,840 --> 00:33:52,840
Speaker 3: five point four percent for the quarter. Finance Minister Nikola

676
00:33:52,840 --> 00:33:56,600
Speaker 3: Willis is or with us this evening, Kelder, good evening, sure,

677
00:33:57,040 --> 00:33:59,880
Speaker 3: thank Jack. Is the cost of living crisis over?

678
00:34:01,400 --> 00:34:04,880
Speaker 16: We are turning the corner. We are making very good progress.

679
00:34:05,040 --> 00:34:08,200
Speaker 16: It's not over until lation is back in the band

680
00:34:08,280 --> 00:34:11,720
Speaker 16: and we're seeing interest rates coming down. But today's data

681
00:34:11,800 --> 00:34:14,760
Speaker 16: shows us we are on track. We're making very good progress.

682
00:34:14,760 --> 00:34:17,920
Speaker 16: Inflation is now the lowest it's been in three years.

683
00:34:18,440 --> 00:34:21,239
Speaker 16: It's lower than many we're predicting it would be at

684
00:34:21,239 --> 00:34:25,200
Speaker 16: this point, and all signals of it. Our plan is working.

685
00:34:25,280 --> 00:34:26,960
Speaker 16: So I'm very pleased by today's data.

686
00:34:27,120 --> 00:34:29,680
Speaker 3: Let's talk about that non tradable inflation. We often call

687
00:34:29,719 --> 00:34:33,760
Speaker 3: that that the domestic inflation relative to the international forces

688
00:34:33,760 --> 00:34:36,239
Speaker 3: at play. Five point four percent is still very high.

689
00:34:36,320 --> 00:34:37,239
Speaker 3: What do you put that down to?

690
00:34:38,760 --> 00:34:41,520
Speaker 16: Well, what the data tells us is that the big

691
00:34:41,520 --> 00:34:44,960
Speaker 16: components there are rents, insurance rates, and home energy costs

692
00:34:44,960 --> 00:34:47,800
Speaker 16: that is easing. It's down from five point eight percent

693
00:34:47,880 --> 00:34:51,040
Speaker 16: in March and down from six point six percent this

694
00:34:51,200 --> 00:34:54,320
Speaker 16: time last year, so it clearly needs to move lower.

695
00:34:54,360 --> 00:34:56,880
Speaker 16: But overall that picture has improved.

696
00:34:57,280 --> 00:35:00,759
Speaker 3: Rents and rates still a big issue. What can you

697
00:35:00,800 --> 00:35:01,239
Speaker 3: do about that?

698
00:35:02,440 --> 00:35:05,600
Speaker 16: Well, we are determined to increase housing supply in New

699
00:35:05,680 --> 00:35:09,160
Speaker 16: Zealand because ultimately we want landlords having to peeps harder

700
00:35:09,320 --> 00:35:13,080
Speaker 16: for tenants. That's what will ultimately push things lower. And

701
00:35:13,120 --> 00:35:16,800
Speaker 16: we are conducting significant reforms to ensure that more homes

702
00:35:16,800 --> 00:35:19,759
Speaker 16: can be built more cheaply, both in terms of land

703
00:35:19,880 --> 00:35:23,640
Speaker 16: uice and in terms of building consents on rates book.

704
00:35:23,840 --> 00:35:27,080
Speaker 16: I put the challenge out there a councils me as

705
00:35:27,080 --> 00:35:29,840
Speaker 16: it doesn't in every single household in the country have

706
00:35:29,920 --> 00:35:34,080
Speaker 16: been pulling in belt being very disciplined about budgets. It's

707
00:35:34,160 --> 00:35:36,000
Speaker 16: time councils, I think that the same thing.

708
00:35:36,840 --> 00:35:38,760
Speaker 3: So are there are obvious areas where you think councils

709
00:35:38,760 --> 00:35:41,080
Speaker 3: should perhaps be trimming their belts a little bit?

710
00:35:42,040 --> 00:35:44,200
Speaker 16: Well, I just think they should do an exercise similar

711
00:35:44,200 --> 00:35:45,960
Speaker 16: to the one we've done as a government, which is

712
00:35:46,000 --> 00:35:48,640
Speaker 16: go line by line and work out are the bits

713
00:35:48,719 --> 00:35:51,040
Speaker 16: that could be trimmed back that no longer look like

714
00:35:51,080 --> 00:35:54,440
Speaker 16: the most important thing when you have new Zealanders, you know,

715
00:35:54,520 --> 00:35:57,680
Speaker 16: particularly those on six income superutence, who look at that

716
00:35:57,760 --> 00:36:00,200
Speaker 16: rates bill climbing at the rate it is and it

717
00:36:00,200 --> 00:36:03,799
Speaker 16: feels very unaffordable. So counsel has to step back, look

718
00:36:03,840 --> 00:36:05,960
Speaker 16: at their own costs and say, is there anything here

719
00:36:05,960 --> 00:36:06,920
Speaker 16: that we could be trimming.

720
00:36:08,080 --> 00:36:09,719
Speaker 3: A lot of the cuts that you announced in the

721
00:36:09,760 --> 00:36:12,920
Speaker 3: budget haven't yet come into fruition their plan that they

722
00:36:12,920 --> 00:36:15,880
Speaker 3: haven't come through all the way yet, So look at

723
00:36:15,880 --> 00:36:19,280
Speaker 3: this as critically as you can, Minister. How much credit

724
00:36:19,320 --> 00:36:21,120
Speaker 3: can the government really take for this?

725
00:36:22,920 --> 00:36:26,200
Speaker 16: Well, I think that we've had a period where the

726
00:36:26,280 --> 00:36:29,319
Speaker 16: governments made it a lot harder for the Reserve Bank.

727
00:36:29,400 --> 00:36:33,880
Speaker 16: They were actively pouring fuel on the inflation vivia in

728
00:36:33,880 --> 00:36:37,840
Speaker 16: the form of rapidly increasing expenditure. And we've put the

729
00:36:37,880 --> 00:36:41,600
Speaker 16: handbrake back on and that can only be helpful. And

730
00:36:41,680 --> 00:36:43,960
Speaker 16: the direction that we have set is one in which

731
00:36:43,960 --> 00:36:46,920
Speaker 16: we're going to be much more disciplined about government spend

732
00:36:46,920 --> 00:36:49,520
Speaker 16: there which I hope means the Reserve Bank will be

733
00:36:49,600 --> 00:36:52,880
Speaker 16: able to reduce interest rates quicker than would otherwise be

734
00:36:53,000 --> 00:36:56,560
Speaker 16: the case. We've also honed and on what is actually

735
00:36:56,640 --> 00:36:59,480
Speaker 16: behind the cost of living crisis, which for many people

736
00:36:59,600 --> 00:37:03,240
Speaker 16: is that the House doesn't stretches far. We're going direct

737
00:37:03,239 --> 00:37:05,719
Speaker 16: to the source. We're offering tax release so that people

738
00:37:05,719 --> 00:37:08,640
Speaker 16: will have more money in the advent accounts and that

739
00:37:08,719 --> 00:37:10,840
Speaker 16: will be coming on stream in just two weeks.

740
00:37:10,960 --> 00:37:14,880
Speaker 3: Finance Minis Nichola Willis, thank you for your time, Thank you,

741
00:37:15,440 --> 00:37:18,680
Speaker 3: eleven past five on news Talk ZEDB. The Green Party

742
00:37:18,719 --> 00:37:21,840
Speaker 3: has released the executive summary of the Darling Tana Report.

743
00:37:22,040 --> 00:37:24,880
Speaker 3: As we kind of already know thanks to the leaks

744
00:37:24,880 --> 00:37:27,600
Speaker 3: of the report, the report found that it is likely

745
00:37:27,760 --> 00:37:31,440
Speaker 3: Darling Tanner knew more about migrant exploitation allegations at her

746
00:37:31,480 --> 00:37:34,799
Speaker 3: husband's business than she had perhaps led on. The Green

747
00:37:34,840 --> 00:37:37,520
Speaker 3: Party leadership is still noncommittal about whether or not Darling

748
00:37:37,560 --> 00:37:40,880
Speaker 3: Tana is likely to find herself walker jumped out of

749
00:37:40,920 --> 00:37:44,399
Speaker 3: Parliament anytime soon. Catherine Della Hunty is a former Green

750
00:37:44,520 --> 00:37:47,680
Speaker 3: MP and is with us this evening. Kilder Good evening, Well,

751
00:37:47,800 --> 00:37:51,160
Speaker 3: Kilder Jack. Can you see the Green Party holding its

752
00:37:51,200 --> 00:37:54,160
Speaker 3: nose and using the walker jumping law to push Darling

753
00:37:54,160 --> 00:37:54,759
Speaker 3: Tanner out?

754
00:37:56,400 --> 00:37:58,799
Speaker 17: I think it's possible. I think that because they've got

755
00:37:58,840 --> 00:38:03,520
Speaker 17: a ag My experience of the Greenses in the past

756
00:38:03,600 --> 00:38:07,640
Speaker 17: is when there's been a big tricky issue, they take

757
00:38:07,680 --> 00:38:09,480
Speaker 17: it to the party and listen to the members as

758
00:38:09,560 --> 00:38:11,479
Speaker 17: much as they can. And I think that's quite likely

759
00:38:11,520 --> 00:38:14,040
Speaker 17: to happen given the timing of their AGM soon.

760
00:38:14,640 --> 00:38:17,440
Speaker 3: So you think that it's likely as opposed to the

761
00:38:17,440 --> 00:38:20,080
Speaker 3: caucus deciding to use the Waker Jumping bill, that they'll

762
00:38:20,080 --> 00:38:22,040
Speaker 3: go to the AGM, put that to members, There'll be

763
00:38:22,080 --> 00:38:25,000
Speaker 3: a vote, and depending on the decision at that vote,

764
00:38:25,040 --> 00:38:27,160
Speaker 3: if Darling Towner was still in Parliament, they might choose

765
00:38:27,160 --> 00:38:28,600
Speaker 3: to invoke the Waker Jumping law.

766
00:38:29,520 --> 00:38:31,600
Speaker 17: Well, I don't know that there'll be a vote. There

767
00:38:31,600 --> 00:38:34,440
Speaker 17: may be a process check green politics.

768
00:38:34,160 --> 00:38:37,200
Speaker 18: Is always a process, yeah, and I mean it means

769
00:38:37,200 --> 00:38:39,319
Speaker 18: people get heard and that this happened once before.

770
00:38:39,360 --> 00:38:41,799
Speaker 17: I remember when Jibet fitz Simons had to make a

771
00:38:41,880 --> 00:38:46,120
Speaker 17: call as a leader of the Party on climate change.

772
00:38:46,120 --> 00:38:47,919
Speaker 17: She went and talked to a large number of people

773
00:38:48,000 --> 00:38:50,600
Speaker 17: the party and listened up. They didn't actually vote, they

774
00:38:50,680 --> 00:38:54,200
Speaker 17: just talked, and then she got enormous amount of support

775
00:38:54,320 --> 00:38:55,200
Speaker 17: for the position she took.

776
00:38:55,320 --> 00:38:56,480
Speaker 5: So I don't know what.

777
00:38:56,440 --> 00:38:59,760
Speaker 17: Position the party will take on this. There's a history

778
00:38:59,800 --> 00:39:02,600
Speaker 17: which which of course goes right back to New Labor

779
00:39:02,600 --> 00:39:08,080
Speaker 17: Alliance days whereby the Greens supported the right to walk

780
00:39:08,120 --> 00:39:10,839
Speaker 17: a jump and so it's a difficult situation for them.

781
00:39:10,960 --> 00:39:11,960
Speaker 17: It's a real dilemma.

782
00:39:12,760 --> 00:39:15,000
Speaker 3: Do you think Darling Tanna has a mandate to remain

783
00:39:15,040 --> 00:39:15,640
Speaker 3: in Parliament?

784
00:39:18,160 --> 00:39:21,520
Speaker 17: I mean, as a former List MP, I think your

785
00:39:21,560 --> 00:39:26,200
Speaker 17: mandate comes an awful lot from your party. And although

786
00:39:26,360 --> 00:39:29,960
Speaker 17: you know, I don't know, I support people like Taddy

787
00:39:30,080 --> 00:39:32,160
Speaker 17: Naturia doing what she needed to do to leave the

788
00:39:32,239 --> 00:39:36,240
Speaker 17: Labor Party and Rodin Jeannette leaving the Alliance. I think

789
00:39:36,320 --> 00:39:39,600
Speaker 17: they were on very strong ethical grounds when they did that,

790
00:39:41,000 --> 00:39:43,919
Speaker 17: because they were going to create new parties. I think

791
00:39:43,920 --> 00:39:46,879
Speaker 17: it's difficult when you're an individual who's been accused of

792
00:39:47,800 --> 00:39:50,520
Speaker 17: the issues, which I'm not able to really comment on.

793
00:39:50,600 --> 00:39:53,920
Speaker 17: I don't know enough about it, but I think it's

794
00:39:53,920 --> 00:39:57,360
Speaker 17: difficult to say that's a mandate when you're an individual

795
00:39:57,400 --> 00:40:00,080
Speaker 17: and you're going to go independent. And also I think

796
00:40:00,120 --> 00:40:03,400
Speaker 17: it's hard to survive effectively and independent if you're not

797
00:40:03,480 --> 00:40:06,359
Speaker 17: in the political party. Under the current political system, it's

798
00:40:06,440 --> 00:40:09,600
Speaker 17: very difficult to be effective. And if you look at

799
00:40:09,640 --> 00:40:12,080
Speaker 17: the history of most of the people who have they've not

800
00:40:12,200 --> 00:40:14,200
Speaker 17: been picked out, but they haven't had a party. They

801
00:40:14,239 --> 00:40:15,960
Speaker 17: haven't they haven't been able to do very much.

802
00:40:16,080 --> 00:40:18,319
Speaker 3: No, No, that's the thing. How effective can you really

803
00:40:18,360 --> 00:40:20,680
Speaker 3: be as an independent MP? Do you reckon if if

804
00:40:20,680 --> 00:40:23,400
Speaker 3: the Greens did use the waker jumping law that they

805
00:40:23,440 --> 00:40:24,680
Speaker 3: would be punished by voters.

806
00:40:26,080 --> 00:40:28,640
Speaker 17: Actually, no, I don't think this is one of the

807
00:40:28,680 --> 00:40:30,240
Speaker 17: court issues that Green voters.

808
00:40:31,080 --> 00:40:31,440
Speaker 3: I agree.

809
00:40:31,600 --> 00:40:34,239
Speaker 17: I think that I think people just go well when

810
00:40:34,280 --> 00:40:38,000
Speaker 17: they when they when they were anti woker jumping, they

811
00:40:38,000 --> 00:40:41,319
Speaker 17: were talking about parties. Then there's individual cases and it's

812
00:40:41,400 --> 00:40:45,120
Speaker 17: very difficult to write law that covers all situations. The

813
00:40:45,120 --> 00:40:49,280
Speaker 17: difference between an individual who with whom they've lost based

814
00:40:49,320 --> 00:40:54,200
Speaker 17: and trust on both sides, and when when there's people

815
00:40:54,200 --> 00:40:57,400
Speaker 17: who are but when it really is about a co propper,

816
00:40:57,840 --> 00:40:59,719
Speaker 17: really it is about a co prapper with which it

817
00:40:59,880 --> 00:41:03,040
Speaker 17: was with Tulliama. Even though she's electrical MP, she still

818
00:41:03,080 --> 00:41:04,960
Speaker 17: had a mandate from the tongue of the fenerware right

819
00:41:05,000 --> 00:41:07,920
Speaker 17: across the country, huge grounds full of support for her

820
00:41:08,360 --> 00:41:10,480
Speaker 17: over the foresher and seabed, which is a different situation.

821
00:41:10,560 --> 00:41:13,800
Speaker 3: It is it's a question of policy in that circumstance,

822
00:41:13,880 --> 00:41:15,279
Speaker 3: isn't it. Thank you so much for your time from

823
00:41:15,320 --> 00:41:17,920
Speaker 3: the Green MP Catherine Della Hunty, thanks for your feedback

824
00:41:17,920 --> 00:41:21,120
Speaker 3: as well. Jack, I believe the Greens lose all credibility

825
00:41:21,160 --> 00:41:24,360
Speaker 3: if they don't invoke Waiker jumping. Jack regarding Nikola Willis,

826
00:41:24,360 --> 00:41:26,680
Speaker 3: she is deluded. I've never heard of rents coming down.

827
00:41:26,760 --> 00:41:29,680
Speaker 3: Once re ententr up, they stay up. Come on, haven't

828
00:41:29,680 --> 00:41:31,439
Speaker 3: you heard of market forces? If you want to flick

829
00:41:31,440 --> 00:41:32,920
Speaker 3: aut a note, ninety two to ninety two is the

830
00:41:32,920 --> 00:41:35,440
Speaker 3: text number jacket news doorp SAIDB dot co dot NZID.

831
00:41:35,440 --> 00:41:38,960
Speaker 3: You will not believe this. Police are dropping the requirement

832
00:41:39,640 --> 00:41:43,160
Speaker 3: that new recruits have their full driver's license, so the

833
00:41:43,280 --> 00:41:45,319
Speaker 3: potentially are going to be taking on recruits who are

834
00:41:45,360 --> 00:41:49,520
Speaker 3: sitting on there restricted. Really have things become so desperate

835
00:41:49,680 --> 00:41:51,719
Speaker 3: to get our police numbers up that we're going to

836
00:41:51,719 --> 00:41:53,960
Speaker 3: be accepting people on their restricted. The police will be

837
00:41:53,960 --> 00:41:55,560
Speaker 3: with us in a few minutes. It's quarter past five.

838
00:41:56,680 --> 00:41:59,040
Speaker 3: Now strap yourself in, get your credit card at they're ready,

839
00:41:59,080 --> 00:42:01,080
Speaker 3: and get set to grab case of one of the

840
00:42:01,080 --> 00:42:04,839
Speaker 3: most ludicrously good wine deals you will see all year,

841
00:42:05,360 --> 00:42:08,080
Speaker 3: and it's available online right now at the Good Wine Coat.

842
00:42:08,600 --> 00:42:12,719
Speaker 3: This is a canceled export order of Mammoth proportions its quality.

843
00:42:12,760 --> 00:42:17,120
Speaker 3: Marlborosovignon blanc, originally destined for an offshore market and now

844
00:42:17,280 --> 00:42:21,080
Speaker 3: being urgently cleared at rock bottom prices. Just nine ninety

845
00:42:21,160 --> 00:42:25,040
Speaker 3: nine a bottle, Yes nine ninety nine canceled export order

846
00:42:25,200 --> 00:42:29,440
Speaker 3: Marl Brosovignon Blanc. The wine is called Southern Lines Marlbrosovignon

847
00:42:29,480 --> 00:42:31,800
Speaker 3: Blanc twenty twenty two. And let's just say the quality

848
00:42:31,840 --> 00:42:34,640
Speaker 3: you are getting here for the money is off the scale.

849
00:42:34,960 --> 00:42:38,160
Speaker 3: This is classic Marlborough. Save in a glass, a mouth

850
00:42:38,200 --> 00:42:41,480
Speaker 3: filling style full of zesty tropical fruit flavors and a

851
00:42:41,520 --> 00:42:45,320
Speaker 3: refreshing dry finish. Mark our words. You will be seriously

852
00:42:45,360 --> 00:42:48,120
Speaker 3: impressed and it gets better. Pay just a dollar per

853
00:42:48,200 --> 00:42:52,040
Speaker 3: case delivery nationwide conditions applying. Don't miss out on this.

854
00:42:52,040 --> 00:42:55,160
Speaker 3: It's going to fly. This is quality. Marlborsovianon blanc. Canceled

855
00:42:55,239 --> 00:42:58,040
Speaker 3: export order nine ninety nine a bottle and a dollar

856
00:42:58,080 --> 00:43:01,080
Speaker 3: per case delivery to your door now. The phones will

857
00:43:01,080 --> 00:43:03,239
Speaker 3: be very hot, so your best bet is to order

858
00:43:03,360 --> 00:43:07,360
Speaker 3: online right now at the Good Wine dot co dot

859
00:43:07,480 --> 00:43:11,960
Speaker 3: NZ or you can call eight hundred sixty six two sixty.

860
00:43:11,719 --> 00:43:13,360
Speaker 11: Six two team.

861
00:43:13,560 --> 00:43:16,040
Speaker 3: The New Zealand Police have announced a change to their

862
00:43:16,080 --> 00:43:20,160
Speaker 3: eligibility criteria. They are now allowing people on restricted driver's

863
00:43:20,160 --> 00:43:23,480
Speaker 3: licenses to apply to become police officers. The change is

864
00:43:23,560 --> 00:43:27,080
Speaker 3: hoping to increase the potential pool of new recruits by thousands,

865
00:43:27,080 --> 00:43:29,160
Speaker 3: with apparently a quarter of a million people two hundred

866
00:43:29,160 --> 00:43:33,000
Speaker 3: and fifty thousand currently sitting on a restricted license. Jill

867
00:43:33,080 --> 00:43:35,560
Speaker 3: Rogers is the Assistant commissioner with Police and is with

868
00:43:35,640 --> 00:43:36,360
Speaker 3: us now, good evening.

869
00:43:36,840 --> 00:43:37,040
Speaker 1: Hi.

870
00:43:37,520 --> 00:43:40,239
Speaker 3: Isn't having your full driver's license just one of the

871
00:43:40,320 --> 00:43:43,280
Speaker 3: most basic requirements?

872
00:43:43,640 --> 00:43:46,640
Speaker 12: Yeah, you would think, so that's for our candidates. We've

873
00:43:46,680 --> 00:43:49,120
Speaker 12: known that this has been one of the barriers to

874
00:43:49,280 --> 00:43:52,479
Speaker 12: the recruitment JO needs with us, and so hence we've

875
00:43:53,120 --> 00:43:56,719
Speaker 12: made the decision to take the eligibility criteria back to

876
00:43:56,760 --> 00:43:59,520
Speaker 12: what it was in twenty seventeen, actually so that we

877
00:43:59,600 --> 00:44:03,040
Speaker 12: can have people start the process, so we can start

878
00:44:03,040 --> 00:44:05,799
Speaker 12: that recruitment journey for them while they were to get

879
00:44:05,800 --> 00:44:06,680
Speaker 12: that full license.

880
00:44:07,080 --> 00:44:10,640
Speaker 3: But if someone can't show the initiative to get a

881
00:44:10,680 --> 00:44:13,440
Speaker 3: full license on their own, how do we know that

882
00:44:13,480 --> 00:44:16,320
Speaker 3: they have the capacity to be a good police officer.

883
00:44:17,800 --> 00:44:20,400
Speaker 12: It's a number of different reasons as to why people

884
00:44:20,440 --> 00:44:25,239
Speaker 12: don't progress their licenses. One sometimes as age. Sometimes it

885
00:44:25,320 --> 00:44:28,359
Speaker 12: might be fiscal challenges and things. So we're working with

886
00:44:28,440 --> 00:44:31,200
Speaker 12: partners and things that if support's needed, we can help

887
00:44:31,760 --> 00:44:35,399
Speaker 12: people get their full driver's license. Otherwise it allows us

888
00:44:35,480 --> 00:44:38,600
Speaker 12: as if they're to start that process while a candidate,

889
00:44:38,719 --> 00:44:42,359
Speaker 12: some work themselves through getting from their restricted into full

890
00:44:42,800 --> 00:44:43,600
Speaker 12: driver's license.

891
00:44:43,760 --> 00:44:46,120
Speaker 3: So to be clear, will someone be able to be

892
00:44:46,160 --> 00:44:49,120
Speaker 3: sworn in as a police officer without their full driver's license?

893
00:44:49,920 --> 00:44:51,960
Speaker 12: No, No, they would still have to go through the

894
00:44:52,000 --> 00:44:55,040
Speaker 12: whole twelve step process. So no, they can't join without

895
00:44:55,400 --> 00:44:57,080
Speaker 12: a full New Zealand driver's license.

896
00:44:57,320 --> 00:44:59,319
Speaker 3: How many people do you reckon have been turned down

897
00:44:59,400 --> 00:45:02,040
Speaker 3: in the past because they only had their restricted.

898
00:45:03,640 --> 00:45:07,640
Speaker 12: We understand it's a decent amount. So we've been looking

899
00:45:07,760 --> 00:45:11,279
Speaker 12: closely at our recruitment pipeline for quite some time now

900
00:45:11,719 --> 00:45:14,319
Speaker 12: and this was the biggest barrier that we had that

901
00:45:14,480 --> 00:45:16,840
Speaker 12: we were able to do some research around people that

902
00:45:16,880 --> 00:45:20,239
Speaker 12: had landed on our pages and websites and things as

903
00:45:20,280 --> 00:45:24,120
Speaker 12: to why their interest hadn't translated into an application, and

904
00:45:24,200 --> 00:45:27,440
Speaker 12: we know that's not having a full driver's license was

905
00:45:27,480 --> 00:45:28,640
Speaker 12: the number one barrier.

906
00:45:29,040 --> 00:45:31,640
Speaker 3: I just I don't know, it just seems it seems

907
00:45:31,680 --> 00:45:34,439
Speaker 3: crazy to me. That that is a barrier, and yet

908
00:45:34,480 --> 00:45:36,960
Speaker 3: we're going to make someone who couldn't overcome that barrier

909
00:45:38,239 --> 00:45:39,800
Speaker 3: have the power to erase people.

910
00:45:41,840 --> 00:45:44,320
Speaker 12: There's a whole range of reasons that people no longer

911
00:45:44,680 --> 00:45:47,440
Speaker 12: may see that their driver's license was their priority. But

912
00:45:47,480 --> 00:45:50,440
Speaker 12: the exciting thing was this. It allows us to start

913
00:45:50,480 --> 00:45:52,760
Speaker 12: that process and so if we think they're an excellent

914
00:45:52,800 --> 00:45:55,080
Speaker 12: candidate and they're going to have the skills that we need,

915
00:45:55,440 --> 00:45:58,719
Speaker 12: then we can process that application. Obviously that doesn't mean

916
00:45:58,960 --> 00:46:02,279
Speaker 12: fit they're all going to get through. It still will

917
00:46:02,320 --> 00:46:04,880
Speaker 12: require us to take a good look as we always

918
00:46:04,920 --> 00:46:08,200
Speaker 12: do to maintain the standards. So it's not a change

919
00:46:08,200 --> 00:46:11,200
Speaker 12: and standards. It's still the really high standards that we

920
00:46:11,320 --> 00:46:14,680
Speaker 12: expect the candidates to come through before they get onto

921
00:46:14,680 --> 00:46:15,359
Speaker 12: a recruit wing.

922
00:46:15,840 --> 00:46:18,600
Speaker 3: If it wasn't so tricky to recruit officers right now,

923
00:46:18,640 --> 00:46:20,160
Speaker 3: would we be making these changes.

924
00:46:23,160 --> 00:46:26,239
Speaker 12: We know that delivering the eighteen hundred last year did

925
00:46:26,280 --> 00:46:28,560
Speaker 12: make a big dent in the pipeline that we had,

926
00:46:28,600 --> 00:46:31,160
Speaker 12: so we've had to make some, you know, to have

927
00:46:31,200 --> 00:46:33,239
Speaker 12: a look at the process, to have a lot how

928
00:46:33,239 --> 00:46:36,480
Speaker 12: we can better support candidates through to make sure that

929
00:46:36,719 --> 00:46:39,359
Speaker 12: we're getting the absolute best of those that put their

930
00:46:39,440 --> 00:46:40,240
Speaker 12: names in.

931
00:46:40,760 --> 00:46:44,960
Speaker 3: And from the recruit pathways that you have in place.

932
00:46:45,480 --> 00:46:48,000
Speaker 3: Are you on track to hit the five hundred new officers?

933
00:46:48,040 --> 00:46:53,200
Speaker 12: Do you think working really hard to deliver that you're

934
00:46:53,200 --> 00:46:58,600
Speaker 12: on track. So we've seen applications up considerably this year.

935
00:46:58,800 --> 00:47:02,920
Speaker 12: So since beginning of we've had a forty increase in application.

936
00:47:03,640 --> 00:47:03,879
Speaker 4: Yeah.

937
00:47:04,120 --> 00:47:07,920
Speaker 12: Sojent on the new coop site and that's where you

938
00:47:07,960 --> 00:47:09,719
Speaker 12: can start your application process.

939
00:47:10,120 --> 00:47:12,440
Speaker 3: Thanks for your time. That is the New Zealand Police

940
00:47:12,480 --> 00:47:16,040
Speaker 3: Assistant Commissioner Jill Rodgers. Right now, it's twenty three past five.

941
00:47:17,520 --> 00:47:20,600
Speaker 2: Jack tam cutting through the noise to get the facts.

942
00:47:20,719 --> 00:47:24,080
Speaker 2: It's Jack Tame on, Heather Dup Toicy Ellen drive with

943
00:47:24,400 --> 00:47:25,200
Speaker 2: One New Zealand.

944
00:47:25,320 --> 00:47:27,560
Speaker 1: Let's get connected news talk as they'd be.

945
00:47:27,840 --> 00:47:30,400
Speaker 3: The Greens have released the executive summary of their report

946
00:47:30,440 --> 00:47:32,520
Speaker 3: into Darlne Tanner and the question now is whether or

947
00:47:32,560 --> 00:47:35,200
Speaker 3: not she's going to decide to stay in parliament. So

948
00:47:35,320 --> 00:47:37,640
Speaker 3: Tana said in her interview with One News as Mikey

949
00:47:37,640 --> 00:47:39,680
Speaker 3: Sherman this week that she would take a little bit

950
00:47:39,680 --> 00:47:42,319
Speaker 3: more time before deciding whether to remain in parliament as

951
00:47:42,320 --> 00:47:45,400
Speaker 3: an independent MP. But if she does decide to stay around,

952
00:47:45,480 --> 00:47:48,520
Speaker 3: I think It's pretty clear the Greens have only one

953
00:47:48,840 --> 00:47:52,520
Speaker 3: real choice. If the party leaders believe in the integrity

954
00:47:52,520 --> 00:47:55,640
Speaker 3: of the report, a report which, let's not forget, took

955
00:47:55,640 --> 00:47:58,360
Speaker 3: the best part of four months to produce, then I

956
00:47:58,400 --> 00:48:01,600
Speaker 3: think they have little choice to instigate the Waker Jumping

957
00:48:01,680 --> 00:48:06,080
Speaker 3: legislation which they so publicly despised, and expel Darlene Tana

958
00:48:06,120 --> 00:48:08,799
Speaker 3: from Parliament. Let's not forget the main reason that the

959
00:48:08,840 --> 00:48:11,520
Speaker 3: Greens opposed the Waker Jumping legislation in the first place

960
00:48:11,719 --> 00:48:14,799
Speaker 3: is not for situations like this. The main reason they

961
00:48:14,800 --> 00:48:17,719
Speaker 3: opposed it was so that if an MP held a

962
00:48:17,719 --> 00:48:21,920
Speaker 3: different position on a really important policy or moral issue

963
00:48:22,280 --> 00:48:25,480
Speaker 3: to that which was being whipped by their party, then

964
00:48:25,480 --> 00:48:27,920
Speaker 3: they could take a moral stand and they could dissent.

965
00:48:28,760 --> 00:48:32,960
Speaker 3: This ain't that this is not a dispute over policy.

966
00:48:33,000 --> 00:48:37,279
Speaker 3: This is an MP whose colleagues believe has not been

967
00:48:37,320 --> 00:48:40,240
Speaker 3: truthful to the party, an MP who's brought the party

968
00:48:40,239 --> 00:48:43,359
Speaker 3: in the caucus into disrepute. And while Darling Tana might

969
00:48:43,400 --> 00:48:45,960
Speaker 3: complain about the process of this investigation, in some of

970
00:48:45,960 --> 00:48:49,160
Speaker 3: the findings, her former party leader and caucus colleagues have

971
00:48:49,239 --> 00:48:51,320
Speaker 3: been blunt. They want her out.

972
00:48:52,040 --> 00:48:52,239
Speaker 4: Look.

973
00:48:52,280 --> 00:48:54,440
Speaker 3: This should have been a week when the Greens were

974
00:48:54,520 --> 00:48:58,680
Speaker 3: laser focused on the government's climate plans. This week, of

975
00:48:58,760 --> 00:49:02,359
Speaker 3: all weeks, with the emissions reduction plan should have been

976
00:49:02,400 --> 00:49:06,759
Speaker 3: won where they represented their constituents in opposition. Instead, they

977
00:49:06,800 --> 00:49:10,759
Speaker 3: are still answering questions about the character of MPs who

978
00:49:10,760 --> 00:49:14,160
Speaker 3: were until very recently part of their caucus. The Greens

979
00:49:14,360 --> 00:49:17,160
Speaker 3: have swallowed a rat in the past, after all, they

980
00:49:17,280 --> 00:49:20,560
Speaker 3: voted to pass the Walker jumping bill into law, but

981
00:49:20,719 --> 00:49:23,680
Speaker 3: I actually don't think many people would resent them if

982
00:49:23,680 --> 00:49:26,719
Speaker 3: they swallowed another In this case. If Darling Tunner won't

983
00:49:26,760 --> 00:49:29,400
Speaker 3: quit on her own accord and they believe in the

984
00:49:29,400 --> 00:49:32,520
Speaker 3: integrity of the report, the Greens should cop a few

985
00:49:32,600 --> 00:49:35,920
Speaker 3: days of criticism for their hypocrisy, push her out and

986
00:49:36,040 --> 00:49:36,400
Speaker 3: move on.

987
00:49:37,080 --> 00:49:37,680
Speaker 11: Jack two.

988
00:49:39,080 --> 00:49:41,399
Speaker 3: Ninety two is the text number if you have got

989
00:49:41,400 --> 00:49:43,520
Speaker 3: some thoughts on that, we will be asking the huddle

990
00:49:43,800 --> 00:49:50,040
Speaker 3: before six o'clock, as well as that Tenacious d have

991
00:49:50,200 --> 00:49:53,280
Speaker 3: canceled their plans for touring New Zealand after Jack Black's

992
00:49:53,360 --> 00:49:56,520
Speaker 3: bandmate made an off color joke about Donald Trump. But

993
00:49:56,640 --> 00:49:59,200
Speaker 3: is that too much news? Is next? Our news dog?

994
00:49:59,239 --> 00:50:05,440
Speaker 2: Zb Hard questions strong opinion Jack tame on Heather Duplicyland

995
00:50:05,520 --> 00:50:09,399
Speaker 2: Drive is one New Zealand Let's get connected News Talk as.

996
00:50:09,280 --> 00:50:09,640
Speaker 1: Said be.

997
00:50:12,080 --> 00:50:26,600
Speaker 3: It News TALKSB with Jacktame and for Heather before six o'clock,

998
00:50:27,320 --> 00:50:30,080
Speaker 3: we'll ask our huddle what they think about boot camps

999
00:50:30,160 --> 00:50:35,480
Speaker 3: costing one hundred thousand dollars per teen. I've perseverated over

1000
00:50:35,520 --> 00:50:37,480
Speaker 3: that a little bit. I actually one hundred thousand dollars

1001
00:50:37,520 --> 00:50:39,520
Speaker 3: per teen. If it's proved to be effective, it is

1002
00:50:39,640 --> 00:50:43,799
Speaker 3: incredibly good value. But I guess that puts a lot

1003
00:50:43,840 --> 00:50:46,600
Speaker 3: of pressure on that word if right. Anyway, we'll give

1004
00:50:46,640 --> 00:50:48,640
Speaker 3: you more details about that very shortly and speak to

1005
00:50:48,840 --> 00:50:51,640
Speaker 3: our huddle right now. It is twenty three minutes to six.

1006
00:50:52,560 --> 00:50:55,920
Speaker 3: Jack t and American band Tenacious D has turned out

1007
00:50:55,960 --> 00:50:58,880
Speaker 3: to be not quite as tenacious as the name suspects.

1008
00:50:59,000 --> 00:51:02,280
Speaker 3: They have canceled their Wellington and Auckland shows after backlash

1009
00:51:02,280 --> 00:51:06,720
Speaker 3: surrounding controversial comments about the attempted assassination of Donald Trump.

1010
00:51:07,120 --> 00:51:11,400
Speaker 3: Band member Kyle Gas said on stage quote don't miss

1011
00:51:11,400 --> 00:51:15,560
Speaker 3: Trump next time during their Sydney show. Jack Black his

1012
00:51:15,800 --> 00:51:19,600
Speaker 3: BANDMATEE has signaled via social media that all future creative

1013
00:51:19,640 --> 00:51:22,680
Speaker 3: plans are on hold. Wanita nevel Tedy Too is a

1014
00:51:22,719 --> 00:51:25,200
Speaker 3: marketing expert and managing director of RX and as well,

1015
00:51:25,200 --> 00:51:28,040
Speaker 3: it's this evening, Yoda, good evening, good evening, How are

1016
00:51:28,080 --> 00:51:31,840
Speaker 3: you very well? Thanks? Come on? Do they really need

1017
00:51:31,960 --> 00:51:34,560
Speaker 3: to cancel their entire tour over this?

1018
00:51:36,080 --> 00:51:39,480
Speaker 18: Look, it's really tough because I think the fans will

1019
00:51:39,520 --> 00:51:40,640
Speaker 18: be feeling gutted.

1020
00:51:40,840 --> 00:51:43,000
Speaker 12: But it's not an overreaction.

1021
00:51:43,680 --> 00:51:43,880
Speaker 14: You know.

1022
00:51:43,960 --> 00:51:47,399
Speaker 18: The comments that were said are totally inappropriate. They might

1023
00:51:47,400 --> 00:51:52,040
Speaker 18: feel a little innocious, but I think canceling was totally justified.

1024
00:51:53,040 --> 00:51:56,160
Speaker 3: I don't know, see even that canceling, right, if you

1025
00:51:56,200 --> 00:51:59,080
Speaker 3: think about Donald Trump, Donald Trump's all about hating on

1026
00:51:59,160 --> 00:52:01,840
Speaker 3: cancel culture. So isn't this the kind of cancel gulture

1027
00:52:01,840 --> 00:52:03,360
Speaker 3: that Trump's the borders hate?

1028
00:52:03,760 --> 00:52:06,720
Speaker 18: Oh gosh here and it probably feels like fake news

1029
00:52:06,760 --> 00:52:10,399
Speaker 18: as well. But if you think about the comments and

1030
00:52:09,920 --> 00:52:12,759
Speaker 18: the type of people that are involved in you know,

1031
00:52:12,840 --> 00:52:16,400
Speaker 18: political camps, this is something that's really highly volatile.

1032
00:52:16,480 --> 00:52:17,960
Speaker 12: It's about an individual, if.

1033
00:52:17,800 --> 00:52:21,200
Speaker 18: You like him not, who you know, can express his

1034
00:52:21,440 --> 00:52:24,640
Speaker 18: freedom and shouldn't be you know, punished as a result.

1035
00:52:24,640 --> 00:52:26,120
Speaker 19: That's what democracy is all about.

1036
00:52:26,440 --> 00:52:28,080
Speaker 3: It wasn't Wasn't it just a joke?

1037
00:52:28,160 --> 00:52:28,440
Speaker 4: Though?

1038
00:52:28,520 --> 00:52:30,319
Speaker 3: I Mean, I'm not saying it was a good joke

1039
00:52:30,440 --> 00:52:32,720
Speaker 3: or a tasteful joke even But isn't it just a joke?

1040
00:52:33,440 --> 00:52:36,400
Speaker 18: Look, I think us kiwis in US and you know

1041
00:52:36,440 --> 00:52:38,560
Speaker 18: it started and Lozzi, we're a little bit laid back.

1042
00:52:38,680 --> 00:52:40,920
Speaker 12: We do take a bit of a joke. We sit

1043
00:52:41,000 --> 00:52:42,160
Speaker 12: in that moderate camp.

1044
00:52:42,200 --> 00:52:45,560
Speaker 18: But when it gets to politics like this, In situations

1045
00:52:45,640 --> 00:52:48,600
Speaker 18: like this, people can be extremists. We're not used to that,

1046
00:52:48,719 --> 00:52:50,960
Speaker 18: and you know, you have to take those type of

1047
00:52:50,960 --> 00:52:54,399
Speaker 18: things into consideration. So whilst it feels like a joke,

1048
00:52:54,600 --> 00:52:56,880
Speaker 18: it was about something that was actually quite serious.

1049
00:52:57,680 --> 00:52:59,279
Speaker 3: So how much apprecia do you reckon there would have

1050
00:52:59,360 --> 00:53:02,680
Speaker 3: been from you know, advertisers and sponsors and that kind

1051
00:53:02,680 --> 00:53:02,960
Speaker 3: of thing.

1052
00:53:03,880 --> 00:53:06,560
Speaker 18: Look, I reck and these guys were a step ahead

1053
00:53:06,560 --> 00:53:10,680
Speaker 18: of the game and they reacted before anyone else could.

1054
00:53:10,760 --> 00:53:14,120
Speaker 18: Because just think about the pr fallout after that, because

1055
00:53:14,320 --> 00:53:17,720
Speaker 18: whilst Trump wasn't hurt, other people were.

1056
00:53:17,680 --> 00:53:18,920
Speaker 7: And that'sn't really that funny.

1057
00:53:19,080 --> 00:53:22,080
Speaker 18: And you're right, that's what advertisers would react to when

1058
00:53:22,480 --> 00:53:24,720
Speaker 18: and maybe some extremists as well.

1059
00:53:24,960 --> 00:53:29,080
Speaker 3: Yeah yeah, and I suppose you know, and one sense

1060
00:53:29,120 --> 00:53:32,080
Speaker 3: this might help to protect fans, even if it means

1061
00:53:32,080 --> 00:53:34,440
Speaker 3: they're not going to be seeing their favorite.

1062
00:53:34,040 --> 00:53:37,640
Speaker 18: Band Oh look, I think as much as we don't

1063
00:53:37,719 --> 00:53:39,520
Speaker 18: like it, the world is not as safe as we

1064
00:53:39,560 --> 00:53:43,640
Speaker 18: sometimes think, and we've seen some horrible things happen at

1065
00:53:43,680 --> 00:53:46,680
Speaker 18: concerts than it is. It's about protecting the hand bands.

1066
00:53:46,960 --> 00:53:49,200
Speaker 18: Worst case scenario, you might have a protest that you've

1067
00:53:49,200 --> 00:53:52,520
Speaker 18: got to get through sort of as a sorry best

1068
00:53:52,560 --> 00:53:54,759
Speaker 18: case worst case could be far worse. So they do

1069
00:53:54,840 --> 00:53:58,000
Speaker 18: have to put their fans first and also think about

1070
00:53:58,080 --> 00:54:01,560
Speaker 18: the venue that they were at as well. So taking

1071
00:54:01,600 --> 00:54:04,359
Speaker 18: a real assessment of what might happen. As much as

1072
00:54:04,360 --> 00:54:06,800
Speaker 18: we wouldn't like to think we're in you know, countries

1073
00:54:06,800 --> 00:54:08,799
Speaker 18: that that might happen, they do have to think about that.

1074
00:54:08,920 --> 00:54:12,280
Speaker 3: So Jack Black said on social media afterwards that quote

1075
00:54:12,400 --> 00:54:16,279
Speaker 3: all future creative plans are on hold for Tenacious D.

1076
00:54:17,160 --> 00:54:19,560
Speaker 3: I mean, okay, canceling a tour is one thing that's

1077
00:54:19,600 --> 00:54:22,879
Speaker 3: a pretty big call, But canceling a friendship, come on,

1078
00:54:22,960 --> 00:54:24,080
Speaker 3: that's too far right.

1079
00:54:25,120 --> 00:54:28,920
Speaker 18: Oh look, if you know it sort of sucks, yes,

1080
00:54:29,320 --> 00:54:33,560
Speaker 18: But there's commerciality with them this as well, and Jack

1081
00:54:33,600 --> 00:54:36,640
Speaker 18: Black probably has to think about what is his the

1082
00:54:36,680 --> 00:54:40,680
Speaker 18: future capability of earning money, and sometimes that is impacted

1083
00:54:40,719 --> 00:54:44,080
Speaker 18: by the people you hang out with because maybe people

1084
00:54:44,120 --> 00:54:45,560
Speaker 18: won't book him again, maybe.

1085
00:54:45,360 --> 00:54:46,320
Speaker 16: He won't get gigs.

1086
00:54:46,320 --> 00:54:47,480
Speaker 17: He does have to think about that.

1087
00:54:47,680 --> 00:54:52,120
Speaker 18: But if anything, they've made a good call in owning

1088
00:54:52,160 --> 00:54:54,839
Speaker 18: it and making an apology and saying that they are going.

1089
00:54:54,760 --> 00:54:55,920
Speaker 19: To be reflective about this.

1090
00:54:56,280 --> 00:54:58,480
Speaker 3: Yeah, yeah, hey, thanks so much for your time. We

1091
00:54:58,560 --> 00:55:00,200
Speaker 3: need to really appreciate it.

1092
00:55:00,160 --> 00:55:01,040
Speaker 1: It's Vita Pleaser.

1093
00:55:01,480 --> 00:55:04,160
Speaker 3: That is Wenita Neville Teddy Tour. Right now, it's nineteen

1094
00:55:04,200 --> 00:55:04,880
Speaker 3: to six.

1095
00:55:05,360 --> 00:55:09,719
Speaker 2: The Huddle with New Zealand Southeby's International Realty Unparalleled Reach

1096
00:55:09,880 --> 00:55:11,080
Speaker 2: and Results.

1097
00:55:10,920 --> 00:55:13,760
Speaker 3: Huddler's This Evening fellow Riley for my own Duke Partners

1098
00:55:13,760 --> 00:55:16,000
Speaker 3: and former CEO of Business New Zealand, and Mike Munroe,

1099
00:55:16,080 --> 00:55:18,880
Speaker 3: the former chief of staff for Decindra Ardu and keld Acordawa.

1100
00:55:19,680 --> 00:55:21,799
Speaker 3: There you go, Ry Jack michae let's start with you.

1101
00:55:21,840 --> 00:55:24,239
Speaker 3: I don't know if you're a big tenacious defan. I'm

1102
00:55:24,280 --> 00:55:27,200
Speaker 3: surprised there are still tenacious defans out there, but apparently

1103
00:55:27,360 --> 00:55:29,520
Speaker 3: there are. Did they make the right call in canceling

1104
00:55:29,560 --> 00:55:29,959
Speaker 3: the tour?

1105
00:55:32,680 --> 00:55:36,000
Speaker 6: I think they did? Jack, then he You know the

1106
00:55:36,040 --> 00:55:39,879
Speaker 6: thing is that there's different kinds of jokes. There's jokes

1107
00:55:39,880 --> 00:55:42,719
Speaker 6: which are light harder and you and funny and the

1108
00:55:42,760 --> 00:55:45,960
Speaker 6: other jokes which are sick and mister point entirely, I

1109
00:55:46,000 --> 00:55:49,319
Speaker 6: think that this this one falls into the into the

1110
00:55:49,400 --> 00:55:53,880
Speaker 6: latter category. You know, you might recall that when Ronald

1111
00:55:53,960 --> 00:55:57,680
Speaker 6: Raygan survived an assassin's bought up many years ago out

1112
00:55:57,719 --> 00:56:00,400
Speaker 6: of the immortal line, honey, I forgot to duck, and

1113
00:56:00,440 --> 00:56:02,200
Speaker 6: that was sort of funny. It wasn't original, but it

1114
00:56:02,239 --> 00:56:04,120
Speaker 6: was funny, and he was he was affected, so I

1115
00:56:04,120 --> 00:56:07,600
Speaker 6: suppose he could make jokes about it. But in this case,

1116
00:56:08,040 --> 00:56:10,400
Speaker 6: you've basically got a joke where a guy is saying

1117
00:56:10,400 --> 00:56:12,839
Speaker 6: that he wished Trump had been had been shot dead.

1118
00:56:13,760 --> 00:56:16,000
Speaker 6: And you know, and Jack Black in his band, as

1119
00:56:16,000 --> 00:56:18,600
Speaker 6: I understand, are an American band, they had to live

1120
00:56:18,600 --> 00:56:22,960
Speaker 6: in the country and and I just think they made

1121
00:56:23,960 --> 00:56:27,440
Speaker 6: the right decision and they made it all accounts immediately

1122
00:56:27,840 --> 00:56:30,080
Speaker 6: that that that that you know, this too could.

1123
00:56:29,880 --> 00:56:32,520
Speaker 3: Not go a yet they certainly acted swiftly. I don't know,

1124
00:56:32,640 --> 00:56:34,960
Speaker 3: pl I'm just I'm surprised to find myself for being

1125
00:56:35,000 --> 00:56:37,440
Speaker 3: the anti cancel culture guy. But I just I think

1126
00:56:37,480 --> 00:56:38,920
Speaker 3: it was a terrible joke. I think it was an

1127
00:56:38,920 --> 00:56:40,680
Speaker 3: awful thing to say. I don't think it was funny

1128
00:56:40,680 --> 00:56:43,319
Speaker 3: for a moment, I think they should apologize, but then

1129
00:56:43,360 --> 00:56:46,839
Speaker 3: it's just like ah, man, the entire tours immediately caught off.

1130
00:56:46,880 --> 00:56:49,719
Speaker 3: The band might never perform again, they might never write music.

1131
00:56:49,880 --> 00:56:53,320
Speaker 3: You know, Am I being a being too unfair?

1132
00:56:53,960 --> 00:56:54,160
Speaker 6: Yeah?

1133
00:56:54,440 --> 00:56:56,279
Speaker 4: Jack, I think it goes to the class of Jack

1134
00:56:56,320 --> 00:56:59,880
Speaker 4: Black himself. Actually, he's really the impression I've got of

1135
00:56:59,920 --> 00:57:02,239
Speaker 4: a as he's a a very good actor, of course,

1136
00:57:02,280 --> 00:57:04,440
Speaker 4: and a very good musician. I'm sure we've listened to

1137
00:57:04,480 --> 00:57:05,960
Speaker 4: her as music, but I'm sure he is and he's

1138
00:57:06,040 --> 00:57:08,600
Speaker 4: but he's also very straight up guys, very you know,

1139
00:57:09,000 --> 00:57:11,960
Speaker 4: he's very clear about his own morality and so on.

1140
00:57:12,520 --> 00:57:13,960
Speaker 4: And I think it was in character for him to

1141
00:57:13,960 --> 00:57:16,040
Speaker 4: do that, actually, because others might have said, wow, you know,

1142
00:57:16,560 --> 00:57:18,480
Speaker 4: it wasn't what wasn't you know? It was an accident,

1143
00:57:18,520 --> 00:57:20,680
Speaker 4: We'll just carry on and make the next million, And

1144
00:57:20,720 --> 00:57:22,000
Speaker 4: he said, no, we're not going to do that if

1145
00:57:22,040 --> 00:57:23,720
Speaker 4: you win to cancel. And I think Mike's right the

1146
00:57:23,720 --> 00:57:25,680
Speaker 4: problem they've got if they kept on it. But it's

1147
00:57:25,680 --> 00:57:27,360
Speaker 4: a terrible thing to say, by the way, and it's

1148
00:57:27,600 --> 00:57:30,440
Speaker 4: he called it hate speech, and it's terrible. There's no

1149
00:57:30,440 --> 00:57:33,560
Speaker 4: excuse for it. But the but the challenge they've got

1150
00:57:33,600 --> 00:57:36,920
Speaker 4: on practical terms is yours your expert just sait a

1151
00:57:36,920 --> 00:57:39,680
Speaker 4: minute ago. Now every concert they turn up to will

1152
00:57:39,680 --> 00:57:42,520
Speaker 4: be about that, and it's just hopeless. You can't make

1153
00:57:42,640 --> 00:57:45,240
Speaker 4: music and entertain people and have with a fun if

1154
00:57:45,240 --> 00:57:46,560
Speaker 4: it's all going to be about that. So I think

1155
00:57:46,560 --> 00:57:49,120
Speaker 4: they're right to cancel it, take a pause and really

1156
00:57:49,120 --> 00:57:52,160
Speaker 4: think about how they really emerge now. And of course

1157
00:57:52,200 --> 00:57:53,840
Speaker 4: they'll be. They'll be gutted about it, and so they

1158
00:57:53,880 --> 00:57:55,440
Speaker 4: should be. It was a terrible it was a terrible,

1159
00:57:55,480 --> 00:57:56,280
Speaker 4: silly mistake to make.

1160
00:57:56,440 --> 00:58:00,000
Speaker 3: So the CPI is at three point three ASP saying

1161
00:58:00,120 --> 00:58:03,240
Speaker 3: we'll see fifty basis points carved off the ocr this year.

1162
00:58:03,240 --> 00:58:05,720
Speaker 3: Are you feeling that optimistic, phil.

1163
00:58:05,440 --> 00:58:07,200
Speaker 4: Oh, I'm not sure about fifty, but I do think

1164
00:58:07,280 --> 00:58:08,960
Speaker 4: I do think there's a good chance now that they

1165
00:58:09,000 --> 00:58:12,000
Speaker 4: do something. The reason is if you look at the

1166
00:58:12,000 --> 00:58:14,960
Speaker 4: real economy, So inflation three point three, yeah, that's mostly

1167
00:58:15,000 --> 00:58:17,600
Speaker 4: non trader was now its councilor rates and you know,

1168
00:58:17,680 --> 00:58:19,959
Speaker 4: insurances and stuff. Am in recount rates here and running

1169
00:58:19,960 --> 00:58:22,320
Speaker 4: to just being ridiculous, whereas the trade of the real

1170
00:58:22,360 --> 00:58:25,200
Speaker 4: economy dying in a ditch. You zero point three percent

1171
00:58:25,440 --> 00:58:29,720
Speaker 4: just dying. Business conditions out there are absolutely dire for

1172
00:58:29,760 --> 00:58:31,560
Speaker 4: most businesses, I can assure you. So I think that

1173
00:58:31,600 --> 00:58:33,120
Speaker 4: I think there was a evank will come through and

1174
00:58:33,160 --> 00:58:37,160
Speaker 4: say something before before Christmas, that's good Christmas present for

1175
00:58:37,160 --> 00:58:39,280
Speaker 4: foll of us. Where it's where it's fifty, I think

1176
00:58:39,320 --> 00:58:42,480
Speaker 4: that's a big call. I picch quarter actually quarter of

1177
00:58:42,480 --> 00:58:42,840
Speaker 4: a percent.

1178
00:58:43,640 --> 00:58:46,520
Speaker 3: I've trained myself into it has been incredibly pessimistic about

1179
00:58:46,520 --> 00:58:50,120
Speaker 3: the state the IC over the last couple of years.

1180
00:58:50,440 --> 00:58:53,320
Speaker 3: Mike Nichola Willis was with us after five o'clock. Of course,

1181
00:58:53,360 --> 00:58:55,680
Speaker 3: the government, there's any government, would trying to take as

1182
00:58:55,760 --> 00:58:57,600
Speaker 3: much credit as they can for this, but it's the

1183
00:58:57,640 --> 00:58:59,520
Speaker 3: truth has to be said. They have taken some demand

1184
00:58:59,560 --> 00:59:00,240
Speaker 3: out of their I.

1185
00:59:00,240 --> 00:59:04,000
Speaker 6: Mean yeah, well, I mean governments will always claim the

1186
00:59:04,040 --> 00:59:09,160
Speaker 6: credit for these improvements in these in these stats, no

1187
00:59:09,200 --> 00:59:12,200
Speaker 6: matter how small they are. Look, today's movement is almost

1188
00:59:12,240 --> 00:59:14,040
Speaker 6: a material It doesn't mean a hell of a lot.

1189
00:59:14,520 --> 00:59:16,560
Speaker 6: The key thing is that people still feel like they're

1190
00:59:16,600 --> 00:59:18,880
Speaker 6: under the pump. There's a perception out there that we're

1191
00:59:18,880 --> 00:59:22,200
Speaker 6: getting stung by rising prices all the time, whether the

1192
00:59:22,320 --> 00:59:25,160
Speaker 6: energy costs, rising rents, council rates, you know.

1193
00:59:25,160 --> 00:59:25,240
Speaker 1: And.

1194
00:59:26,920 --> 00:59:31,000
Speaker 6: While people are feeling that way. These numbers don't really

1195
00:59:31,320 --> 00:59:34,960
Speaker 6: mean anything and don't have any impact. The other pressure

1196
00:59:35,000 --> 00:59:38,200
Speaker 6: on morbage rates and housing costs is still very real.

1197
00:59:39,000 --> 00:59:42,120
Speaker 6: Sure of Reserve Bank might move later on share to

1198
00:59:42,160 --> 00:59:45,120
Speaker 6: do that, but right now we're immersed in a winter

1199
00:59:45,200 --> 00:59:48,439
Speaker 6: of discontent. It doesn't look like getting brighter anytime soon.

1200
00:59:48,640 --> 00:59:51,280
Speaker 3: Yeah, Mike Munroe, phill O Riley, Oh, Huddler's this evening.

1201
00:59:51,280 --> 00:59:52,720
Speaker 3: We're back with them in a few minutes. Right now,

1202
00:59:52,720 --> 00:59:53,920
Speaker 3: it's fourteen to six.

1203
00:59:54,720 --> 00:59:59,080
Speaker 2: The Huddle with New Zealand Southby's International Realty unparalleled reach

1204
00:59:59,240 --> 00:59:59,960
Speaker 2: and results.

1205
01:00:00,040 --> 01:00:02,160
Speaker 3: You're back with Pillow, Riley and Mike Munroe. So the

1206
01:00:02,160 --> 01:00:05,960
Speaker 3: police are changing their eligibility criteria for new recruits. You

1207
01:00:06,000 --> 01:00:08,520
Speaker 3: will no longer have to have your full driver's license

1208
01:00:08,560 --> 01:00:11,440
Speaker 3: to become a police recruit. You will, however, have to

1209
01:00:11,480 --> 01:00:14,480
Speaker 3: have the full license to be sworn in as an officer.

1210
01:00:14,560 --> 01:00:17,160
Speaker 3: I don't know, Phil, Do you know if you haven't

1211
01:00:17,160 --> 01:00:18,920
Speaker 3: got the gumption to get up and get your full

1212
01:00:18,960 --> 01:00:20,400
Speaker 3: should you really be a police officer?

1213
01:00:21,320 --> 01:00:23,320
Speaker 4: I must say probably, driving on a restricted license, I'll

1214
01:00:23,320 --> 01:00:26,360
Speaker 4: be better than half the drivers on the road, especially

1215
01:00:26,400 --> 01:00:28,200
Speaker 4: as I drive around the place. Oh look, look, This

1216
01:00:28,240 --> 01:00:30,480
Speaker 4: is about the police really trying to reach in and

1217
01:00:31,760 --> 01:00:33,760
Speaker 4: widen out the pool. Of course, it used to it

1218
01:00:33,880 --> 01:00:36,080
Speaker 4: to be sort of a foot tall and and a

1219
01:00:36,200 --> 01:00:37,720
Speaker 4: sort of a lot to doing the police, and now

1220
01:00:37,720 --> 01:00:38,600
Speaker 4: you don't have to do that, you know. It s

1221
01:00:38,600 --> 01:00:41,120
Speaker 4: there's a bunch of things that they're doing to try

1222
01:00:41,120 --> 01:00:43,680
Speaker 4: and widen out their criteria. It is It isn't the margins,

1223
01:00:44,000 --> 01:00:45,960
Speaker 4: I must say, But of course the police are going

1224
01:00:46,000 --> 01:00:49,400
Speaker 4: through specific driver training anyway. They don't just keep their license.

1225
01:00:49,400 --> 01:00:50,840
Speaker 4: They've got to go through all sorts of other stuff

1226
01:00:50,840 --> 01:00:53,040
Speaker 4: as well. So it's on the margins, but it does

1227
01:00:53,120 --> 01:00:55,360
Speaker 4: demonstrate just how hard the police are trying to get

1228
01:00:55,400 --> 01:00:57,320
Speaker 4: to to get recruits, no question.

1229
01:00:57,680 --> 01:01:00,440
Speaker 3: Yeah, so I've actually changed my view on this. At

1230
01:01:00,480 --> 01:01:02,320
Speaker 3: the very least, I'm open to changing my view, Mike.

1231
01:01:02,360 --> 01:01:04,280
Speaker 3: So we've got a text saying Jack, normally your instincts

1232
01:01:04,280 --> 01:01:07,160
Speaker 3: are spot on, thanks mam. Now, the number of kids

1233
01:01:07,200 --> 01:01:09,680
Speaker 3: at a school where I'm a foundation trustee who can't

1234
01:01:09,720 --> 01:01:12,440
Speaker 3: afford their licenses astonishing, And a good portion of our

1235
01:01:12,480 --> 01:01:15,200
Speaker 3: fundraising goes to help fund the driver's license for kids

1236
01:01:15,200 --> 01:01:17,520
Speaker 3: who want to get jobs and apprenticeships. Because what happens

1237
01:01:17,560 --> 01:01:20,280
Speaker 3: this Texas is is they get the minimum, so they

1238
01:01:20,320 --> 01:01:22,960
Speaker 3: get the restricted and then they just sit there. They're like, well,

1239
01:01:22,960 --> 01:01:24,760
Speaker 3: why would I pay another couple of hundred bucks and

1240
01:01:24,760 --> 01:01:27,520
Speaker 3: wait for how many months to get you know, to

1241
01:01:27,520 --> 01:01:29,600
Speaker 3: get a test. So if you look at it through

1242
01:01:29,600 --> 01:01:31,320
Speaker 3: that leans, I can kind of understand it. Mike.

1243
01:01:32,640 --> 01:01:36,040
Speaker 6: Yeah, the important thing here is that they can only

1244
01:01:38,120 --> 01:01:40,280
Speaker 6: start their training as a police officer when they've got

1245
01:01:40,280 --> 01:01:45,200
Speaker 6: these full license. Yeah, and you know, the police running

1246
01:01:45,520 --> 01:01:47,800
Speaker 6: going through a very problem at page at present. We've

1247
01:01:47,840 --> 01:01:49,600
Speaker 6: been hearing all sorts of numbers bandies about in the

1248
01:01:49,600 --> 01:01:51,880
Speaker 6: recent days. Got the number of cops are going to Australia,

1249
01:01:52,040 --> 01:01:54,160
Speaker 6: the fact I've been popping up on TV and telling

1250
01:01:54,240 --> 01:01:56,280
Speaker 6: us how much they're enjoying life across there in Australia.

1251
01:01:56,600 --> 01:01:59,160
Speaker 6: So there's a real problem there. And as the cops

1252
01:01:59,200 --> 01:02:02,640
Speaker 6: here today, uh, this is you know, this this restricted

1253
01:02:02,720 --> 01:02:07,080
Speaker 6: drivers business is creating an unnecessary barrier. So to me,

1254
01:02:07,160 --> 01:02:09,280
Speaker 6: it makes sense to get rid of it so they

1255
01:02:09,280 --> 01:02:12,400
Speaker 6: can apply into the pipeline. And as I said at

1256
01:02:12,400 --> 01:02:14,880
Speaker 6: the beginning, you know they still need a foot license

1257
01:02:14,920 --> 01:02:17,240
Speaker 6: to start their training in that. It's the critical thing,

1258
01:02:17,360 --> 01:02:17,720
Speaker 6: isn't it.

1259
01:02:17,880 --> 01:02:18,120
Speaker 4: Yeah.

1260
01:02:18,280 --> 01:02:21,280
Speaker 3: Interesting we've got the first little bit of information about

1261
01:02:21,320 --> 01:02:23,440
Speaker 3: how these boot camps are going to be run for

1262
01:02:23,640 --> 01:02:25,760
Speaker 3: serious youth offenders in New Zealand. Just going to read

1263
01:02:25,760 --> 01:02:27,439
Speaker 3: out a couple of things that people will be doing

1264
01:02:27,440 --> 01:02:29,440
Speaker 3: on an average day, as well as a bit of

1265
01:02:29,480 --> 01:02:32,040
Speaker 3: physical activity in the morning, they'll be having fuck up

1266
01:02:32,080 --> 01:02:36,040
Speaker 3: upper and cultural connection sessions, counseling, they'll have a daily

1267
01:02:36,160 --> 01:02:39,240
Speaker 3: wellness activity. It's not really sounding like a boot camp

1268
01:02:39,280 --> 01:02:39,760
Speaker 3: as a film.

1269
01:02:40,640 --> 01:02:42,320
Speaker 4: Well, maybe maybe you can talk to the army about that.

1270
01:02:42,360 --> 01:02:44,720
Speaker 4: Maybe they do all that the days. Maybe it's ouiji

1271
01:02:44,800 --> 01:02:48,840
Speaker 4: boards and small smelling felts. Where where army people? But no,

1272
01:02:48,920 --> 01:02:50,880
Speaker 4: you're right, but I think the old boot camp body

1273
01:02:51,000 --> 01:02:52,680
Speaker 4: was always a bit of a misnomer. It was always

1274
01:02:53,280 --> 01:02:55,440
Speaker 4: it was always, you know, a bit of a whistle

1275
01:02:55,520 --> 01:02:59,480
Speaker 4: to the right track. I did some of those. I

1276
01:02:59,480 --> 01:03:01,480
Speaker 4: wasn't an apartment it was the member of them, beough.

1277
01:03:02,000 --> 01:03:04,920
Speaker 4: I was a leader one of them under the last

1278
01:03:05,040 --> 01:03:07,560
Speaker 4: under the last Key government, and they were brilliant for

1279
01:03:07,640 --> 01:03:10,040
Speaker 4: what they were. This kid's got got out of bed

1280
01:03:10,040 --> 01:03:12,400
Speaker 4: billion in the morning, you know, spoke a bit, but

1281
01:03:12,480 --> 01:03:14,880
Speaker 4: you know, a good food and help phys electivity and

1282
01:03:15,000 --> 01:03:17,200
Speaker 4: of course there was no support for them afterwards. And

1283
01:03:17,240 --> 01:03:20,120
Speaker 4: that's the critical bet precisely, and it looks like the

1284
01:03:20,120 --> 01:03:21,920
Speaker 4: government's trying to do something about that. And I must say,

1285
01:03:21,920 --> 01:03:24,320
Speaker 4: when I looked at the one hundred thousand dollars costs,

1286
01:03:24,320 --> 01:03:27,680
Speaker 4: I thought that's quite high until you realize that it

1287
01:03:27,720 --> 01:03:29,840
Speaker 4: costs one hundred and fifty thousand dollars a year to

1288
01:03:29,880 --> 01:03:32,320
Speaker 4: keep someone in jail in New Zealand. So the paycheck

1289
01:03:32,400 --> 01:03:34,360
Speaker 4: is pretty good if it works. And I think I

1290
01:03:34,400 --> 01:03:35,919
Speaker 4: think we should all lean into this and say, look,

1291
01:03:36,120 --> 01:03:38,800
Speaker 4: let's see if this works. Let's make sure that they

1292
01:03:38,800 --> 01:03:41,160
Speaker 4: do get the right support, because the upsides to it

1293
01:03:41,240 --> 01:03:43,160
Speaker 4: are massive if you can make it, if you can

1294
01:03:43,160 --> 01:03:45,760
Speaker 4: make it work, given that these because we're talking about

1295
01:03:45,800 --> 01:03:47,920
Speaker 4: here are not kiuds you've stolen the car. These are

1296
01:03:47,920 --> 01:03:51,240
Speaker 4: some of the hardests and then and so I was

1297
01:03:51,440 --> 01:03:53,200
Speaker 4: likely that they will actually end up in jail without

1298
01:03:53,240 --> 01:03:54,840
Speaker 4: this kind of thing. So when it comes to me

1299
01:03:54,880 --> 01:03:56,920
Speaker 4: thinking about an investment as a tax payer, I'm thinking,

1300
01:03:57,200 --> 01:03:59,520
Speaker 4: so I'm prepared to visit quite a bit to keep

1301
01:03:59,520 --> 01:03:59,880
Speaker 4: them out of.

1302
01:04:00,520 --> 01:04:02,600
Speaker 3: If it works going on, because that's it. Yeah, I

1303
01:04:02,640 --> 01:04:04,760
Speaker 3: mean that could be they could go in and out

1304
01:04:04,800 --> 01:04:06,440
Speaker 3: of prison for the next fifty years for all we know.

1305
01:04:06,440 --> 01:04:07,080
Speaker 3: What do you think mine?

1306
01:04:08,120 --> 01:04:10,960
Speaker 6: Yeah, well, look at this approach is out data that

1307
01:04:10,960 --> 01:04:12,760
Speaker 6: it's failed, and the NETS have tried already in the

1308
01:04:12,800 --> 01:04:15,080
Speaker 6: last twenty years. They tried at two thousand and eight,

1309
01:04:15,600 --> 01:04:18,640
Speaker 6: and the reoffending rate or something like eighty five percent

1310
01:04:18,800 --> 01:04:21,280
Speaker 6: in two years. Look. The other thing is, well, when

1311
01:04:21,320 --> 01:04:24,280
Speaker 6: I read that sort of list of competencies required day,

1312
01:04:24,640 --> 01:04:26,920
Speaker 6: I mean that that list is just impossible. And I

1313
01:04:26,960 --> 01:04:29,600
Speaker 6: started thinking, where are you going to find these people?

1314
01:04:29,880 --> 01:04:31,560
Speaker 6: Where are these geniuses out there who are going to

1315
01:04:31,560 --> 01:04:34,440
Speaker 6: come forward and work these long days with these very

1316
01:04:34,440 --> 01:04:37,920
Speaker 6: difficult people to try and have GETTM on you know,

1317
01:04:38,160 --> 01:04:42,200
Speaker 6: on straight and narrow. I just I just think that

1318
01:04:42,200 --> 01:04:43,720
Speaker 6: that's going to be the big challenge, is putting in

1319
01:04:43,760 --> 01:04:46,479
Speaker 6: place to personnel to actually make this thing work.

1320
01:04:46,920 --> 01:04:49,920
Speaker 3: Okay, thanks so much for your time, guys, really appreciate it. Phillo, Riley,

1321
01:04:50,000 --> 01:04:52,720
Speaker 3: Mike Munroe huddle this evening seven to six.

1322
01:04:53,680 --> 01:04:56,320
Speaker 2: On your smart speaker, on the iHeart app and in

1323
01:04:56,400 --> 01:04:59,880
Speaker 2: your car on your drive home. Heather Duplice Allen Drive

1324
01:05:00,400 --> 01:05:04,040
Speaker 2: with One New Zealand One Giant Leap for Business News

1325
01:05:04,120 --> 01:05:04,520
Speaker 2: Talk and.

1326
01:05:04,560 --> 01:05:07,439
Speaker 3: Sid BE News Talk said bet you with Jack Tame

1327
01:05:07,560 --> 01:05:09,480
Speaker 3: Dave has flicked me a note to say, Jack, I

1328
01:05:09,560 --> 01:05:12,640
Speaker 3: got my full license ten days after my fifteenth birthday,

1329
01:05:12,640 --> 01:05:15,440
Speaker 3: got my heavy trucking license at eighteen. But I'm pleased

1330
01:05:15,760 --> 01:05:17,960
Speaker 3: giving kids a break as far as I'm concerned, so

1331
01:05:17,960 --> 01:05:19,960
Speaker 3: long as they do a defensive driving course, so long

1332
01:05:20,000 --> 01:05:22,240
Speaker 3: as they are trained by a driving instructor, give them

1333
01:05:22,280 --> 01:05:24,800
Speaker 3: the full license, get them in the police. And as

1334
01:05:24,800 --> 01:05:27,120
Speaker 3: it happens, I still work with a seventy five year

1335
01:05:27,160 --> 01:05:30,240
Speaker 3: old who's on there restricted. That's pretty well. The seventy

1336
01:05:30,240 --> 01:05:32,640
Speaker 3: five year old's probably clear for driving after ten pm.

1337
01:05:32,680 --> 01:05:35,360
Speaker 3: They probably know that they're pretty unlikely to get pulled over.

1338
01:05:35,520 --> 01:05:37,360
Speaker 3: You know, if you're sort of fifteen, you maybe look

1339
01:05:37,480 --> 01:05:40,800
Speaker 3: slightly more suspicious to the police. Jack, absolutely crazy that

1340
01:05:40,840 --> 01:05:42,920
Speaker 3: police are looking to open this up. I worked at

1341
01:05:42,920 --> 01:05:46,160
Speaker 3: the police college. The driving standards have plummeted. Too many

1342
01:05:46,240 --> 01:05:49,120
Speaker 3: already can't drive. The driver training has been massively watered

1343
01:05:49,120 --> 01:05:50,400
Speaker 3: down in my view as well. If you want to

1344
01:05:50,400 --> 01:05:53,480
Speaker 3: fix a note, ninety two. Ninety two is the text

1345
01:05:53,560 --> 01:05:57,440
Speaker 3: number after that CBI darted. Today A and Z has

1346
01:05:57,440 --> 01:05:59,840
Speaker 3: become the latest to bring forward their forecast for a

1347
01:05:59,840 --> 01:06:02,520
Speaker 3: CA in the official cash rate. They were predicting one

1348
01:06:02,840 --> 01:06:04,919
Speaker 3: in the first quarter of next year. They now say

1349
01:06:05,160 --> 01:06:08,560
Speaker 3: a November twenty five point basis cut is more likely.

1350
01:06:08,600 --> 01:06:11,640
Speaker 3: They're not quite as excitable as ASB at the stage,

1351
01:06:11,680 --> 01:06:13,840
Speaker 3: who reckon a fifty point cut by the end of

1352
01:06:13,840 --> 01:06:15,640
Speaker 3: this year is likely. But we're going to catch up

1353
01:06:15,680 --> 01:06:18,560
Speaker 3: with a Z cheap economist Sharon Zolner when she joins

1354
01:06:18,600 --> 01:06:20,560
Speaker 3: us after six o'clock. It is just coming up to

1355
01:06:20,600 --> 01:06:22,840
Speaker 3: six though, Jack tame in for Heather to pussy Allen.

1356
01:06:23,360 --> 01:06:25,320
Speaker 3: This of course is news talk ZB.

1357
01:06:29,000 --> 01:06:31,240
Speaker 1: Keeping practive where the money is flowing.

1358
01:06:31,320 --> 01:06:35,400
Speaker 2: With the Business Hour with Jack, Tam and my Hr

1359
01:06:35,680 --> 01:06:36,680
Speaker 2: on Newstalks FB.

1360
01:06:39,000 --> 01:06:41,000
Speaker 3: Well, I don't think anyone's feeling too gloomy about the

1361
01:06:41,080 --> 01:06:46,280
Speaker 3: numbers from this CPI today. However, a lot of pressure

1362
01:06:46,320 --> 01:06:49,200
Speaker 3: on the RB and Z to start cutting sooner rather

1363
01:06:49,280 --> 01:06:53,040
Speaker 3: than later. Jack, come on, look at the annualized inflation

1364
01:06:53,120 --> 01:06:56,080
Speaker 3: over the last three quarters. We're talking two percent two percent.

1365
01:06:56,800 --> 01:06:59,000
Speaker 3: The Reserve Bank a mucking around. If they don't cut

1366
01:06:59,000 --> 01:07:03,440
Speaker 3: sometime soon, it'll be really intriguing to see how the

1367
01:07:03,560 --> 01:07:05,840
Speaker 3: data of the next month or so influences the Reserve

1368
01:07:05,920 --> 01:07:08,880
Speaker 3: Bank's decision. Heading into the end of this year, Certainly

1369
01:07:08,920 --> 01:07:12,240
Speaker 3: the numbers today were better than they had previously been expecting,

1370
01:07:12,920 --> 01:07:15,160
Speaker 3: and better than many of the bank economists had been

1371
01:07:15,160 --> 01:07:18,800
Speaker 3: expecting for today as well. But it would be sweet

1372
01:07:18,800 --> 01:07:22,200
Speaker 3: relief for many New Zealand mortgage holders and businesses our

1373
01:07:22,240 --> 01:07:26,760
Speaker 3: economy at large if the ocr was cut by fifty

1374
01:07:26,800 --> 01:07:28,960
Speaker 3: basis points by the end of this year. Less we

1375
01:07:28,960 --> 01:07:31,440
Speaker 3: get too excited anyway, We're going to catch up with

1376
01:07:31,440 --> 01:07:34,480
Speaker 3: AMZ chief economist Sharon Zoland when she joins us in

1377
01:07:34,520 --> 01:07:36,520
Speaker 3: a week. While right now it's eight minutes past six.

1378
01:07:37,040 --> 01:07:40,080
Speaker 3: Jack Team and the Commics Commission has ruled that Auckland

1379
01:07:40,120 --> 01:07:44,680
Speaker 3: Airport's proposed charge increased to help fund infrastructure, are too high.

1380
01:07:44,840 --> 01:07:48,200
Speaker 3: The draft report states the airport's charges would see it

1381
01:07:48,320 --> 01:07:51,440
Speaker 3: make about two hundred million dollars in excess profits and

1382
01:07:51,520 --> 01:07:54,520
Speaker 3: drive up airfares. Auckland the Airports said it we're consider

1383
01:07:54,600 --> 01:07:58,720
Speaker 3: reducing future charges after further consultation. Billy Moore is the

1384
01:07:58,760 --> 01:08:01,960
Speaker 3: CEO of New Zealand Airport's Association and is with us now.

1385
01:08:02,120 --> 01:08:06,440
Speaker 3: Curability just give us a little bit of context here,

1386
01:08:06,480 --> 01:08:09,480
Speaker 3: remind us how this all works. Because Auckland Airport is

1387
01:08:09,520 --> 01:08:11,480
Speaker 3: effectively regulated by the COMMOS Commission.

1388
01:08:12,240 --> 01:08:12,720
Speaker 4: That's right.

1389
01:08:12,800 --> 01:08:16,519
Speaker 19: So Auckland, Willington and christ To airports go through a

1390
01:08:16,560 --> 01:08:20,080
Speaker 19: process with the Commerce Commission after every pricing round, so

1391
01:08:20,120 --> 01:08:23,559
Speaker 19: every five years, they set their prices and that's through

1392
01:08:23,600 --> 01:08:27,000
Speaker 19: a consultation process with all the stakeholders, including the airlines.

1393
01:08:27,920 --> 01:08:31,640
Speaker 19: They make a decision about their capital plans, and the

1394
01:08:31,640 --> 01:08:35,080
Speaker 19: Commerce Commission reviews how they've gone about that process in

1395
01:08:35,160 --> 01:08:37,680
Speaker 19: order to ensure that they're targeting the right rate of

1396
01:08:37,720 --> 01:08:42,240
Speaker 19: return and that the process has been consultative and followed

1397
01:08:42,240 --> 01:08:46,559
Speaker 19: in the right way. This is the fourth time Aukin

1398
01:08:46,640 --> 01:08:48,800
Speaker 19: the Airport has been through this process and the draft

1399
01:08:48,840 --> 01:08:52,240
Speaker 19: report has come out today is now our fear. The

1400
01:08:52,280 --> 01:08:56,240
Speaker 19: consultation process before the report is finalized by Q one

1401
01:08:56,280 --> 01:08:56,920
Speaker 19: next year.

1402
01:08:56,760 --> 01:08:59,120
Speaker 3: And there is usually a bit of brainsmanship right between

1403
01:08:59,240 --> 01:09:02,880
Speaker 3: the airport and the airlines which use those airport facilities,

1404
01:09:02,920 --> 01:09:05,400
Speaker 3: and certainly this time around there's been a little bit

1405
01:09:05,439 --> 01:09:08,040
Speaker 3: of tension. Some of the airlines, particularly in New Zealand,

1406
01:09:08,080 --> 01:09:10,960
Speaker 3: been pretty outspoken and saying they felt the charges were

1407
01:09:11,040 --> 01:09:13,559
Speaker 3: too high. So talk us through what the draft report

1408
01:09:13,560 --> 01:09:14,920
Speaker 3: from the Commerce Commissioner has found.

1409
01:09:15,400 --> 01:09:18,640
Speaker 19: Yeah, sure, Look, this is a there is always this

1410
01:09:18,720 --> 01:09:22,080
Speaker 19: kind of brinkmanship at one level or another, and that's

1411
01:09:22,120 --> 01:09:25,519
Speaker 19: because the airports have to plan really long term. The

1412
01:09:25,560 --> 01:09:30,720
Speaker 19: airlines are managing really short term, short term framing on

1413
01:09:30,800 --> 01:09:34,640
Speaker 19: their profitability. So the process is designed to try and

1414
01:09:34,680 --> 01:09:38,240
Speaker 19: balance those things and evaluate the outcomes to consumers between

1415
01:09:38,280 --> 01:09:41,320
Speaker 19: those short term and long term issions. So the ComCom

1416
01:09:41,320 --> 01:09:44,520
Speaker 19: has come out today with a number of draft judgments.

1417
01:09:46,240 --> 01:09:49,040
Speaker 19: They have said that they think the airport's target rate

1418
01:09:49,040 --> 01:09:51,680
Speaker 19: of return is too high. Now, part of this is

1419
01:09:51,720 --> 01:09:54,439
Speaker 19: because of the fact that we the airports went through

1420
01:09:54,439 --> 01:09:57,040
Speaker 19: its pricing process, it was having to go by the

1421
01:09:57,120 --> 01:10:00,240
Speaker 19: twenty sixteen and put methodologies from the Commerce Commission. They

1422
01:10:00,240 --> 01:10:03,120
Speaker 19: didn't account for the pandemic, so that the airport itself

1423
01:10:03,200 --> 01:10:07,040
Speaker 19: had to evaluate how to incorporate that risk into its

1424
01:10:07,960 --> 01:10:11,320
Speaker 19: into its approach. The Commission has taken a different view

1425
01:10:11,400 --> 01:10:14,320
Speaker 19: on how that should have been managed, so the consultation

1426
01:10:14,439 --> 01:10:17,560
Speaker 19: process will help to flash that out and how it

1427
01:10:17,600 --> 01:10:19,840
Speaker 19: should be to manage. So that's the main issue around

1428
01:10:19,840 --> 01:10:22,800
Speaker 19: the tape rate of return. However, on the other hand,

1429
01:10:22,840 --> 01:10:27,120
Speaker 19: the Commission has said that they believe that the airport

1430
01:10:27,160 --> 01:10:31,040
Speaker 19: has run a good process, that their expenditure is significant

1431
01:10:31,080 --> 01:10:35,880
Speaker 19: but reasonable, and they've done an appropriate consultation process and

1432
01:10:35,960 --> 01:10:39,479
Speaker 19: an appropriate costing process around all the various elements of

1433
01:10:39,520 --> 01:10:43,439
Speaker 19: the capital plan. So that will be really heartening for

1434
01:10:43,479 --> 01:10:46,679
Speaker 19: the airport to hear after twelve years at this consultation process.

1435
01:10:46,760 --> 01:10:47,320
Speaker 1: Yeah.

1436
01:10:47,560 --> 01:10:49,559
Speaker 3: Yeah, because that's a really important point because I remember

1437
01:10:49,680 --> 01:10:52,000
Speaker 3: some of the criticisms, just going back to the dispute

1438
01:10:52,000 --> 01:10:56,160
Speaker 3: between the airlines and the airport when this was being prepared.

1439
01:10:56,240 --> 01:10:58,439
Speaker 3: I think one of the criticisms that was leveled to

1440
01:10:58,479 --> 01:11:02,280
Speaker 3: the airport and you know, quite forcefully denied, was that

1441
01:11:02,960 --> 01:11:06,080
Speaker 3: effectively they had sweated the asset right, that shareholders had

1442
01:11:06,120 --> 01:11:09,600
Speaker 3: demanded too many returns to early as opposed to investing

1443
01:11:09,640 --> 01:11:12,320
Speaker 3: those returns into the future development of the airport. So

1444
01:11:12,360 --> 01:11:13,800
Speaker 3: do the ComCom have stuff to say about that?

1445
01:11:15,479 --> 01:11:19,400
Speaker 19: Look, I'm not sure about that aspect, but it is

1446
01:11:19,439 --> 01:11:22,000
Speaker 19: a good question, I think in terms of you know,

1447
01:11:22,040 --> 01:11:24,800
Speaker 19: looking back on the last kind of twelve years, there's

1448
01:11:24,840 --> 01:11:29,120
Speaker 19: been periods where the infrastructure spin was deferred due to COVID,

1449
01:11:29,160 --> 01:11:31,920
Speaker 19: which is perfectly reasonable, you know, I needed it wasn't

1450
01:11:31,920 --> 01:11:36,200
Speaker 19: the time to have some of those costs passed through

1451
01:11:36,200 --> 01:11:38,400
Speaker 19: to the airlines. There was also a period where it

1452
01:11:38,439 --> 01:11:41,919
Speaker 19: was just an extremely hard slog through the consultation process

1453
01:11:41,960 --> 01:11:44,800
Speaker 19: for or Clan Airport, and I'm aware of even one

1454
01:11:44,800 --> 01:11:47,519
Speaker 19: airline that didn't want any infrastructure investment at all. So

1455
01:11:48,439 --> 01:11:52,160
Speaker 19: airlines are incentivized and it's natural and understandable that they

1456
01:11:52,200 --> 01:11:54,719
Speaker 19: want to keep their input costs as low as possible.

1457
01:11:54,720 --> 01:11:57,360
Speaker 19: That does mean that through these consultation process they are

1458
01:11:57,400 --> 01:12:00,559
Speaker 19: trying to keep infrastructure investment to a minimum. The airport

1459
01:12:00,600 --> 01:12:03,840
Speaker 19: is looking at the capacity they need to provide to

1460
01:12:03,880 --> 01:12:07,200
Speaker 19: bring in more competition as well as their own resilience

1461
01:12:07,200 --> 01:12:10,200
Speaker 19: and things. So that does mean that for an airport

1462
01:12:10,200 --> 01:12:14,400
Speaker 19: of this size that it can be a big debate,

1463
01:12:14,439 --> 01:12:16,680
Speaker 19: It could take a bit longer, and you could have

1464
01:12:17,400 --> 01:12:19,559
Speaker 19: could have the process life longer than the airport would like.

1465
01:12:20,080 --> 01:12:23,040
Speaker 19: There's lots of messinations and history around that that the

1466
01:12:23,080 --> 01:12:25,719
Speaker 19: airport will be able to talk in more detail about.

1467
01:12:25,800 --> 01:12:28,120
Speaker 19: But I do very much sympathize with it, and now

1468
01:12:28,120 --> 01:12:29,320
Speaker 19: it's time to get onto the job.

1469
01:12:29,439 --> 01:12:31,439
Speaker 3: Yeah yeah, I mean it is actually like, when you

1470
01:12:31,479 --> 01:12:34,479
Speaker 3: break it down like that, is such a complex and

1471
01:12:34,720 --> 01:12:37,439
Speaker 3: kind of unique relationship right between the between the airlines

1472
01:12:37,479 --> 01:12:40,800
Speaker 3: and the airport and what both parties in the ways

1473
01:12:40,800 --> 01:12:42,840
Speaker 3: in which both parties depend on each other and yet

1474
01:12:42,920 --> 01:12:48,400
Speaker 3: can can sometimes be working against the other's absolute financial interests.

1475
01:12:48,439 --> 01:12:50,599
Speaker 3: You know, like it is, you can you can understand

1476
01:12:50,600 --> 01:12:53,360
Speaker 3: what it requires regulation. So talk to us about the

1477
01:12:53,400 --> 01:12:56,839
Speaker 3: response from today. How has aukcned the airport responded?

1478
01:12:57,880 --> 01:13:02,400
Speaker 19: So Auckland Airport has said in response to the Commerce

1479
01:13:02,400 --> 01:13:06,320
Speaker 19: Commission's comment upon its tailored rate of return, they've said, look,

1480
01:13:06,400 --> 01:13:09,080
Speaker 19: you know, we'll engage in the consultation process. As the

1481
01:13:09,120 --> 01:13:12,400
Speaker 19: final report confirms that position, then we will lower our

1482
01:13:12,479 --> 01:13:13,280
Speaker 19: landing charges.

1483
01:13:14,200 --> 01:13:16,280
Speaker 5: And look, this is this is a really.

1484
01:13:16,360 --> 01:13:19,240
Speaker 19: Good commitment from Auclaney Port to see it shows the

1485
01:13:19,360 --> 01:13:25,000
Speaker 19: regulatory process working the way it should. And many listeners

1486
01:13:25,040 --> 01:13:28,639
Speaker 19: might recall that last time we went through this process

1487
01:13:28,640 --> 01:13:30,960
Speaker 19: with all Clane Airport, a similar process happened where the

1488
01:13:30,960 --> 01:13:34,519
Speaker 19: ComCom provided feedback and all cuypooks did adjust their prices.

1489
01:13:34,560 --> 01:13:37,280
Speaker 19: So essentially they're signaling, look, of course we'll take the

1490
01:13:37,280 --> 01:13:40,920
Speaker 19: Commerce Commissions view seriously. There's lots of technical stuff in

1491
01:13:40,960 --> 01:13:46,720
Speaker 19: this process and they will they will respond so to

1492
01:13:46,800 --> 01:13:49,800
Speaker 19: me having to monitor this kind of stuff across the

1493
01:13:49,840 --> 01:13:54,040
Speaker 19: airport then and around the state of the system. That's

1494
01:13:54,080 --> 01:13:56,600
Speaker 19: that's good. That's the kind of process that we that

1495
01:13:56,680 --> 01:13:57,839
Speaker 19: we need to see happening.

1496
01:13:58,360 --> 01:14:01,920
Speaker 3: Yeah, I'm just thinking about this from a strategic perspective.

1497
01:14:02,080 --> 01:14:04,840
Speaker 3: Is it kind of like a negotiation of sorts and

1498
01:14:04,920 --> 01:14:07,880
Speaker 3: that Auckland Airport can put forward its plans and the

1499
01:14:07,920 --> 01:14:10,720
Speaker 3: other regulated airports and they always go in a bit

1500
01:14:10,800 --> 01:14:12,880
Speaker 3: high knowing that the Comcom's going to peg them back

1501
01:14:12,920 --> 01:14:13,400
Speaker 3: a little bit.

1502
01:14:15,240 --> 01:14:18,360
Speaker 19: No, I wouldn't say that. I think that can happen

1503
01:14:18,400 --> 01:14:22,760
Speaker 19: in jurisdictions overseas where they some jurisdictions do require what

1504
01:14:22,800 --> 01:14:27,440
Speaker 19: we call the negotiate arbitrate processing and often because there's arbitration,

1505
01:14:27,600 --> 01:14:30,400
Speaker 19: and the airport you know, might go high knowing that

1506
01:14:30,439 --> 01:14:33,479
Speaker 19: they're going to have to negotiate down. Our system allows

1507
01:14:33,479 --> 01:14:36,760
Speaker 19: the airport to make the final decision on their plan.

1508
01:14:37,000 --> 01:14:39,080
Speaker 5: And that avoids that.

1509
01:14:39,160 --> 01:14:42,680
Speaker 19: Process in my view. Essentially, our system, which has been

1510
01:14:42,720 --> 01:14:46,360
Speaker 19: tested over many years and I think is in a

1511
01:14:46,360 --> 01:14:50,240
Speaker 19: pretty good field state. It keeps the airport with the

1512
01:14:50,280 --> 01:14:53,439
Speaker 19: power to set prices. It requires them to do all

1513
01:14:53,439 --> 01:14:55,760
Speaker 19: that consultation, but they can make the final call. And

1514
01:14:55,800 --> 01:14:58,240
Speaker 19: what that does is it means that you know, they

1515
01:14:58,280 --> 01:15:02,240
Speaker 19: will be you know, pulled apart through the Commerce Commission process,

1516
01:15:02,240 --> 01:15:05,640
Speaker 19: as they should be. But Ultimately they can get the

1517
01:15:05,680 --> 01:15:09,200
Speaker 19: infrastructure moving. And when we look at other infrastructure classes

1518
01:15:09,200 --> 01:15:12,759
Speaker 19: around New Zealand where there's to ferral and delay, for instance,

1519
01:15:12,800 --> 01:15:16,000
Speaker 19: the Council wants to keep rates down and we'll defer

1520
01:15:16,120 --> 01:15:20,600
Speaker 19: water infrastructure maintenance, things like that. We can avoid that

1521
01:15:20,760 --> 01:15:23,840
Speaker 19: phenomenon kind of happening across the airport sector because of

1522
01:15:23,880 --> 01:15:27,160
Speaker 19: the ability to put airports to take into account all

1523
01:15:27,200 --> 01:15:30,040
Speaker 19: the issues and still kind of make a plan and

1524
01:15:30,080 --> 01:15:32,920
Speaker 19: move forward and get down infrastructure moving. So to me,

1525
01:15:33,000 --> 01:15:35,719
Speaker 19: that's a really important part of the system that helps

1526
01:15:35,800 --> 01:15:40,479
Speaker 19: us keep going with the capacity and the infrastructure that

1527
01:15:40,479 --> 01:15:41,360
Speaker 19: our communities need.

1528
01:15:41,600 --> 01:15:44,320
Speaker 3: Yeah, hey, thank you so much. Billy, really really appreciate

1529
01:15:44,320 --> 01:15:46,200
Speaker 3: your time this evening. It's Billy Moore, who is the

1530
01:15:46,240 --> 01:15:49,360
Speaker 3: CEO of New Zealand Airport's Association. As we said too

1531
01:15:49,360 --> 01:15:51,800
Speaker 3: that Auckland Airport is I mean that they're in the

1532
01:15:51,840 --> 01:15:56,880
Speaker 3: process already of a really really significant upgrade. But yeah,

1533
01:15:56,880 --> 01:15:59,720
Speaker 3: it'll be interesting to see when that final report is

1534
01:15:59,760 --> 01:16:02,320
Speaker 3: retured and from the Commerce Commission what is decided in

1535
01:16:02,439 --> 01:16:04,400
Speaker 3: terms of fees that are likely to be passed on

1536
01:16:04,640 --> 01:16:08,040
Speaker 3: to us as airline passengers. If you've got thoughts, ninety

1537
01:16:08,040 --> 01:16:11,120
Speaker 3: two ninety two is our text number. Jacket Newstalks b

1538
01:16:11,240 --> 01:16:14,000
Speaker 3: dot co dot nz is the email address. It's just

1539
01:16:14,000 --> 01:16:15,720
Speaker 3: coming up to seventeen past six.

1540
01:16:16,600 --> 01:16:20,080
Speaker 2: Crunching the numbers and getting the results. It's headed duplic

1541
01:16:20,240 --> 01:16:23,600
Speaker 2: Ellen with the business hours thanks to my hr, the

1542
01:16:23,800 --> 01:16:26,400
Speaker 2: hr platform for sme on us TALKSB.

1543
01:16:27,360 --> 01:16:31,280
Speaker 3: Every workplace has that person who works hard behind the scenes,

1544
01:16:31,320 --> 01:16:34,760
Speaker 3: doing the essential stuff to ensure the business succeeds. You

1545
01:16:34,800 --> 01:16:38,240
Speaker 3: know the ones that go to colleagues who solve problems,

1546
01:16:38,400 --> 01:16:41,000
Speaker 3: smooth the wheels and get it done with a minimum

1547
01:16:41,040 --> 01:16:44,080
Speaker 3: of fuss. These people don't always seek the limelight or

1548
01:16:44,280 --> 01:16:48,719
Speaker 3: get special recognition. So my hr has launched a campaign

1549
01:16:48,880 --> 01:16:51,439
Speaker 3: to give a shout out to the legends behind small

1550
01:16:51,479 --> 01:16:55,200
Speaker 3: and medium sized businesses. We're giving one lucky unsung hero

1551
01:16:55,360 --> 01:16:58,120
Speaker 3: the chance to enjoy a bit of luxury and watch

1552
01:16:58,120 --> 01:17:01,200
Speaker 3: Aldo's favorite rugby life league team that won New Zealand

1553
01:17:01,240 --> 01:17:06,200
Speaker 3: Warriors play in Sydney next month. To enter, visit myhr

1554
01:17:06,400 --> 01:17:09,640
Speaker 3: dot works, click on the Unsung Hero pop up and

1555
01:17:09,640 --> 01:17:12,600
Speaker 3: tell us why the MVP at your work deserves a

1556
01:17:12,680 --> 01:17:16,479
Speaker 3: special break. The winner gets flights accommodation, spending money in

1557
01:17:16,520 --> 01:17:20,000
Speaker 3: two tickets to watch the Warriors play the Seagulls in Sydney.

1558
01:17:20,320 --> 01:17:23,120
Speaker 3: You could even nominate yourself if you like. Aside from

1559
01:17:23,120 --> 01:17:25,639
Speaker 3: the big prize back, there will be some spot prizes

1560
01:17:25,680 --> 01:17:30,240
Speaker 3: and honorable mentions. Even the act of nominating somebody is

1561
01:17:30,479 --> 01:17:34,320
Speaker 3: a show of recognition for their money Jack team. Twenty

1562
01:17:34,320 --> 01:17:37,040
Speaker 3: past six, Time to catch up with Sam Trathui, portfolio

1563
01:17:37,080 --> 01:17:39,040
Speaker 3: manager at Milford Asset Management.

1564
01:17:39,040 --> 01:17:40,720
Speaker 20: Good evening, sir, good em jack.

1565
01:17:40,960 --> 01:17:43,960
Speaker 3: So what did we learn today about the outlook for inflation?

1566
01:17:45,120 --> 01:17:47,880
Speaker 20: I think numbers princes today were very positive and that

1567
01:17:48,040 --> 01:17:50,400
Speaker 20: there was plenty of details across the release showing that

1568
01:17:50,439 --> 01:17:53,960
Speaker 20: inflation pressures are reducing. So probably the three point three

1569
01:17:53,960 --> 01:17:56,599
Speaker 20: percent headline and rate of inflation was what was what

1570
01:17:56,680 --> 01:17:59,280
Speaker 20: everyone wanted to see. It was down on four percent

1571
01:17:59,320 --> 01:18:02,800
Speaker 20: from last quarter, below what most economists and importantly the

1572
01:18:02,880 --> 01:18:05,280
Speaker 20: rb AND said we're looking for or expecting. And I

1573
01:18:05,320 --> 01:18:09,000
Speaker 20: think it also highlights that the demand in the economy's weakening,

1574
01:18:09,360 --> 01:18:11,680
Speaker 20: pressures of tightness that were previously there in the likes

1575
01:18:11,680 --> 01:18:15,599
Speaker 20: of labor market well and truly back to more normal

1576
01:18:16,120 --> 01:18:19,360
Speaker 20: or pre pandemic levels. And you could say, look that

1577
01:18:19,520 --> 01:18:22,479
Speaker 20: everyone who has been involved in business or watching the

1578
01:18:22,520 --> 01:18:25,800
Speaker 20: economy for some time now we'll have nine things were weak,

1579
01:18:26,479 --> 01:18:30,120
Speaker 20: but this is really reassuring confirmation, particularly for the RB,

1580
01:18:30,200 --> 01:18:33,559
Speaker 20: and said that inflation, which has really been keeping interstracts high,

1581
01:18:33,760 --> 01:18:34,759
Speaker 20: is now under control.

1582
01:18:34,960 --> 01:18:38,120
Speaker 3: Yeah, so let's think about their position. Last week they

1583
01:18:38,439 --> 01:18:41,240
Speaker 3: softened this dance compared to six sex earlier. Some even

1584
01:18:41,280 --> 01:18:43,519
Speaker 3: caught it a bit of a flip flop. They said

1585
01:18:43,520 --> 01:18:46,400
Speaker 3: they expected inflation could return back to that one to

1586
01:18:46,479 --> 01:18:49,599
Speaker 3: three target band over the second half of this year.

1587
01:18:50,040 --> 01:18:53,800
Speaker 3: How do you think today's data will affect that view?

1588
01:18:54,560 --> 01:18:57,120
Speaker 20: But I think the IV and z Adrian or He'll

1589
01:18:57,160 --> 01:19:00,080
Speaker 20: be very relieved and I think we're shit reassured. And

1590
01:19:00,400 --> 01:19:02,360
Speaker 20: last week they were talking for the first time of

1591
01:19:02,479 --> 01:19:07,320
Speaker 20: emerging downside to economic activity after previously, as you said,

1592
01:19:07,320 --> 01:19:09,560
Speaker 20: being much more concerned about how difficult it would be

1593
01:19:09,600 --> 01:19:12,880
Speaker 20: getting to get sorry inflation under control, and that was

1594
01:19:12,920 --> 01:19:15,880
Speaker 20: as recently as May. So I think they'll be able

1595
01:19:15,920 --> 01:19:18,280
Speaker 20: to comfortably now stand behind that message from last week

1596
01:19:18,439 --> 01:19:20,719
Speaker 20: and say, look, we are hitting back into that target band.

1597
01:19:21,280 --> 01:19:25,800
Speaker 20: The inflation job is nearly there. The real question now

1598
01:19:25,840 --> 01:19:28,120
Speaker 20: for them, and one that I think most economists will

1599
01:19:28,160 --> 01:19:31,599
Speaker 20: be trying to answer, is when will be official cashert

1600
01:19:31,640 --> 01:19:34,240
Speaker 20: big cuts and how quickly and how many cuts will

1601
01:19:34,280 --> 01:19:37,000
Speaker 20: be made. Clearly for most of us in the mortgage

1602
01:19:37,040 --> 01:19:41,000
Speaker 20: that's very very important. So financial markets, we have seen

1603
01:19:41,080 --> 01:19:45,599
Speaker 20: expectations for one, if not two cuts priced into markets

1604
01:19:45,640 --> 01:19:49,639
Speaker 20: this year. It means that every meeting of the rbn

1605
01:19:49,720 --> 01:19:51,280
Speaker 20: Z for the rest of the year, of which there

1606
01:19:51,320 --> 01:19:53,920
Speaker 20: are three, will be treated as a live meeting where

1607
01:19:53,920 --> 01:19:55,320
Speaker 20: they could make that change.

1608
01:19:55,520 --> 01:19:58,600
Speaker 3: Yeah, and finally, Sam, we've seen a rally for the

1609
01:19:58,640 --> 01:20:02,360
Speaker 3: ended since that change and tone from the RBNZ. How

1610
01:20:02,400 --> 01:20:05,440
Speaker 3: did the sheer market react today? Did did the rally continue?

1611
01:20:06,040 --> 01:20:08,040
Speaker 20: The rally continues today, So the market was up again.

1612
01:20:08,200 --> 01:20:10,320
Speaker 20: And look, there definitely has been that big turnarout of

1613
01:20:10,400 --> 01:20:13,680
Speaker 20: performance since that rbs IS meeting last week. So up

1614
01:20:13,720 --> 01:20:17,000
Speaker 20: four percent, well over four percent since then, which is

1615
01:20:17,000 --> 01:20:19,599
Speaker 20: a real turnaround and performance of the internets more broadly

1616
01:20:20,280 --> 01:20:23,160
Speaker 20: over since it's over the over this month compared to

1617
01:20:23,400 --> 01:20:25,519
Speaker 20: in recent times where it has been a real stark

1618
01:20:26,000 --> 01:20:29,840
Speaker 20: underperformer versus other global markets. So what we are seeing

1619
01:20:29,920 --> 01:20:33,960
Speaker 20: is some enthusiasm towards the prospect of rate cuts and

1620
01:20:34,000 --> 01:20:36,280
Speaker 20: some of the bigger underperformers in the market, the likes

1621
01:20:36,280 --> 01:20:39,719
Speaker 20: of Ryn and Healthcare and Fleatured Building rally quite hard

1622
01:20:39,760 --> 01:20:42,439
Speaker 20: on the news so broadly the interet ex there's a

1623
01:20:42,520 --> 01:20:45,240
Speaker 20: market with a high degree of sensitivity turnus rates because

1624
01:20:45,240 --> 01:20:48,480
Speaker 20: of the high dividend paying nature of our stocks. But

1625
01:20:48,520 --> 01:20:50,760
Speaker 20: the key, the key risk to all this is that

1626
01:20:50,920 --> 01:20:54,040
Speaker 20: coming up in August we do get earnings financial results

1627
01:20:54,040 --> 01:20:56,240
Speaker 20: from any of our companies, and I wouldn't expect any

1628
01:20:56,240 --> 01:21:00,320
Speaker 20: fireworks there. Jack, the management teams, the earnings like you

1629
01:21:00,400 --> 01:21:03,519
Speaker 20: still be pretty tough. Just rate cuts to come. The

1630
01:21:03,640 --> 01:21:07,280
Speaker 20: transmission through to our economy activity will take time so

1631
01:21:07,920 --> 01:21:10,400
Speaker 20: well into twenty twenty five, and that's when when a

1632
01:21:10,439 --> 01:21:12,920
Speaker 20: big improvement and earnings could start to come through, which

1633
01:21:12,960 --> 01:21:14,960
Speaker 20: is what you really need to drive markets higher.

1634
01:21:15,040 --> 01:21:18,080
Speaker 3: Lovely work, Thanks so much, Sam sam Tratui from Milford

1635
01:21:18,160 --> 01:21:20,559
Speaker 3: Asset Management, twenty four past six.

1636
01:21:21,520 --> 01:21:25,439
Speaker 2: Everything from SMEs to the big corporates, The Business Hour

1637
01:21:25,680 --> 01:21:29,479
Speaker 2: with Jack team and my HR, the HR platform for

1638
01:21:29,640 --> 01:21:31,880
Speaker 2: SME US talks'd be on here.

1639
01:21:31,880 --> 01:21:35,000
Speaker 3: We were all feeling so smug. Three point three percent

1640
01:21:35,479 --> 01:21:38,200
Speaker 3: the CPI data out today the best it has been

1641
01:21:38,360 --> 01:21:41,599
Speaker 3: in an awfully long time. The drums beating that much

1642
01:21:41,720 --> 01:21:45,759
Speaker 3: louder for a cut to the OCR sometime soon, maybe

1643
01:21:45,760 --> 01:21:49,000
Speaker 3: two cuts this year, who knows. Here's the thing though,

1644
01:21:49,280 --> 01:21:52,960
Speaker 3: compare us to the UK. They've just had their inflation

1645
01:21:53,080 --> 01:21:57,040
Speaker 3: rate come through unchanged two percent, dead on target. So

1646
01:21:57,080 --> 01:21:59,160
Speaker 3: we're at three point three, they're at two percent, very

1647
01:21:59,240 --> 01:22:01,880
Speaker 3: much in the same target band, very much dead center

1648
01:22:01,920 --> 01:22:03,439
Speaker 3: of the target band at the moment. So if you

1649
01:22:03,479 --> 01:22:05,639
Speaker 3: think there is pressure in New Zealand for the Reserve

1650
01:22:05,720 --> 01:22:08,599
Speaker 3: Bank to start acting and cutting interest rates, cutting the OCR,

1651
01:22:09,120 --> 01:22:10,960
Speaker 3: I can tell you the pressure on the Bank of

1652
01:22:11,000 --> 01:22:13,760
Speaker 3: England is significantly high. We're going to tell you a

1653
01:22:13,760 --> 01:22:16,000
Speaker 3: bit more about that before seven o'clock this evening, after

1654
01:22:16,040 --> 01:22:19,120
Speaker 3: six thirty as well. A and Z chief economist Sharon

1655
01:22:19,200 --> 01:22:21,840
Speaker 3: Zolner is going to be with us. Sharon and her

1656
01:22:21,880 --> 01:22:24,600
Speaker 3: team moved pretty quickly today with their forecast once that

1657
01:22:24,720 --> 01:22:29,040
Speaker 3: CPI data was through. They changed from forecasting the first

1658
01:22:29,040 --> 01:22:32,080
Speaker 3: cut to the OCR as being from the first quarter

1659
01:22:32,120 --> 01:22:35,839
Speaker 3: of next year to a twenty five basis point cut

1660
01:22:36,560 --> 01:22:38,880
Speaker 3: in November. I'm going to ask Sharon what it would

1661
01:22:38,920 --> 01:22:41,559
Speaker 3: take to up that. What do we need to see

1662
01:22:41,600 --> 01:22:44,120
Speaker 3: a fifty point basis cut this year? Maybe I am

1663
01:22:44,240 --> 01:22:46,680
Speaker 3: just being a little too optimistic. Plus you will not

1664
01:22:46,800 --> 01:22:50,360
Speaker 3: believe what sniffer dogs in Ecuador have found hidden in

1665
01:22:50,400 --> 01:22:54,200
Speaker 3: a box of bananas. News is next on News Dogs EDB.

1666
01:22:56,680 --> 01:22:57,920
Speaker 1: If it's to do with money.

1667
01:22:58,240 --> 01:23:03,479
Speaker 2: Ed manners to you Business Hour with Jacktam and my HR,

1668
01:23:03,800 --> 01:23:06,439
Speaker 2: the HR platform for SME used Talk ZB.

1669
01:23:24,000 --> 01:23:28,800
Speaker 3: You're with Jacktam on Newstalk ZB. New government in the

1670
01:23:28,920 --> 01:23:32,799
Speaker 3: UK and they are moving quickly. Thirty five new laws

1671
01:23:32,840 --> 01:23:35,639
Speaker 3: have been proposed over the last couple of days, including

1672
01:23:35,680 --> 01:23:38,400
Speaker 3: one that might pique your interest. It's a crackdown on shoplifting.

1673
01:23:38,439 --> 01:23:41,599
Speaker 3: So back in twenty fourteen, a decade ago, they introduced

1674
01:23:41,640 --> 01:23:43,920
Speaker 3: a new law in the UK that meant that what

1675
01:23:43,960 --> 01:23:47,479
Speaker 3: they called low value theft, so anything under about two

1676
01:23:47,520 --> 01:23:51,840
Speaker 3: hundred pounds was subject to less serious punishment. Or they

1677
01:23:51,840 --> 01:23:54,000
Speaker 3: are reversing that now, so they're going to be targeting

1678
01:23:54,000 --> 01:23:56,880
Speaker 3: people who steal goods worth less than two hundred pounds,

1679
01:23:57,080 --> 01:23:59,320
Speaker 3: shoplifters basically. Anyway, we'll give you the details on that

1680
01:23:59,400 --> 01:24:02,360
Speaker 3: law change for shortly. Right now, it is twenty three

1681
01:24:02,439 --> 01:24:05,680
Speaker 3: minutes to seven. Jack Team and A and Z is

1682
01:24:05,720 --> 01:24:09,200
Speaker 3: forecasting a twenty five basis point rate cut from the

1683
01:24:09,240 --> 01:24:12,599
Speaker 3: Reserve Bank in November of this year. So they've brought

1684
01:24:12,640 --> 01:24:15,840
Speaker 3: for their previously forecasted cut. They thought the first cut

1685
01:24:15,880 --> 01:24:17,720
Speaker 3: was going to be coming from the RB and Z

1686
01:24:17,840 --> 01:24:20,439
Speaker 3: to the OCR in February of twenty twenty five. It

1687
01:24:20,520 --> 01:24:23,759
Speaker 3: comes off the back of today's inflation data, the CPI

1688
01:24:23,920 --> 01:24:26,719
Speaker 3: dipping to a three year low three point three percent

1689
01:24:26,920 --> 01:24:29,680
Speaker 3: for the June quarter. It still remains outside of the

1690
01:24:29,760 --> 01:24:33,519
Speaker 3: reserves Reserve banks target band, of course one to three percent,

1691
01:24:33,560 --> 01:24:35,400
Speaker 3: but you would have to say it's getting very close. Indeed,

1692
01:24:35,400 --> 01:24:37,439
Speaker 3: A and Z chief economist Sharon 's Olner is with

1693
01:24:37,560 --> 01:24:40,880
Speaker 3: us KalDer. Good evening. Oh are you going to sleep

1694
01:24:40,920 --> 01:24:42,120
Speaker 3: easy tonight? Good news?

1695
01:24:42,120 --> 01:24:42,320
Speaker 4: Eh?

1696
01:24:43,800 --> 01:24:45,240
Speaker 5: Yeah, everyone was good news.

1697
01:24:45,439 --> 01:24:47,800
Speaker 7: I mean, while it's true that domestic complation was a

1698
01:24:48,080 --> 01:24:50,240
Speaker 7: midch high and the Reserve Bank expected, it looked like

1699
01:24:50,280 --> 01:24:52,960
Speaker 7: it was actually just technical factors and the other part

1700
01:24:52,960 --> 01:24:56,120
Speaker 7: of inflation, the important bit was lower. So yeah, overall,

1701
01:24:56,160 --> 01:24:59,479
Speaker 7: I think it confirms the vibes that things are more

1702
01:24:59,560 --> 01:25:01,920
Speaker 7: under control than the Reserve Bank feared back in May.

1703
01:25:02,160 --> 01:25:05,440
Speaker 3: And it was low enough for you to upgrade your forecast.

1704
01:25:06,840 --> 01:25:09,880
Speaker 7: Well yeah, up Itward brought forward our forecast for when

1705
01:25:09,920 --> 01:25:10,680
Speaker 7: the Reserve Bank will cut.

1706
01:25:10,880 --> 01:25:12,600
Speaker 3: Up grade from our perspective, shower.

1707
01:25:13,640 --> 01:25:16,240
Speaker 7: Yes, certainly. I think businesses are looking for some light

1708
01:25:16,280 --> 01:25:17,680
Speaker 7: at the end of the tunnel, and if that could

1709
01:25:17,720 --> 01:25:20,040
Speaker 7: be this year, then I think that would be good.

1710
01:25:20,520 --> 01:25:23,240
Speaker 7: The market is convinced that they'll be coming earlier in

1711
01:25:23,280 --> 01:25:25,400
Speaker 7: that they're putting fifty peen odds on a cut as

1712
01:25:25,400 --> 01:25:29,320
Speaker 7: soon as next month, maybe getting ahead of themselves there.

1713
01:25:29,640 --> 01:25:31,720
Speaker 7: But we'll see what the unemployment rate does in the

1714
01:25:31,760 --> 01:25:33,400
Speaker 7: data that's out a week before that.

1715
01:25:33,840 --> 01:25:36,160
Speaker 3: So what do you think we would need to see

1716
01:25:36,520 --> 01:25:40,240
Speaker 3: to see either a twenty five basis point cut next

1717
01:25:40,240 --> 01:25:43,479
Speaker 3: month or fifty basis points across this year.

1718
01:25:45,080 --> 01:25:47,280
Speaker 7: So the Reserve Bank will cut when they're convinced that

1719
01:25:47,400 --> 01:25:50,240
Speaker 7: information is going to return to two percent and then

1720
01:25:50,360 --> 01:25:51,840
Speaker 7: stay with them the band, so they've got a bit

1721
01:25:51,880 --> 01:25:55,000
Speaker 7: of a buffer to absorb the inevitable surprises that will

1722
01:25:55,040 --> 01:25:58,519
Speaker 7: come along. So for them to cut sooner than November,

1723
01:25:58,600 --> 01:26:02,719
Speaker 7: I think we would needs them to basically acknowledge mistake

1724
01:26:03,120 --> 01:26:07,120
Speaker 7: that they already should have been cutting by now. Possibly

1725
01:26:07,680 --> 01:26:10,280
Speaker 7: they could always cut fifty points later, but if say

1726
01:26:10,280 --> 01:26:14,400
Speaker 7: the unemployment rates shot much higher than expectations, that could

1727
01:26:14,400 --> 01:26:16,679
Speaker 7: do it. That's the only data they'll have really before August,

1728
01:26:16,720 --> 01:26:20,360
Speaker 7: apart from the usual monthly reads like the business surveys

1729
01:26:20,400 --> 01:26:24,920
Speaker 7: and the like. But before October there'll be a bit

1730
01:26:24,960 --> 01:26:27,200
Speaker 7: more data in the bag. Before November, they'll have the whole.

1731
01:26:27,000 --> 01:26:27,759
Speaker 12: Suite of everything.

1732
01:26:27,960 --> 01:26:29,680
Speaker 7: So it's just how they weigh up that desire for

1733
01:26:29,760 --> 01:26:33,479
Speaker 7: certainty with the risk of holding rates too high for

1734
01:26:33,520 --> 01:26:35,240
Speaker 7: too long and causing unnecessary pain.

1735
01:26:35,520 --> 01:26:38,320
Speaker 3: You mentioned the non tradeable still at five point four

1736
01:26:38,360 --> 01:26:41,040
Speaker 3: percent for you know what we often deem as being

1737
01:26:41,080 --> 01:26:44,519
Speaker 3: domestic inflation. Why is that still so high?

1738
01:26:44,600 --> 01:26:46,280
Speaker 7: Yeah, the good banks thought it would be four point

1739
01:26:46,280 --> 01:26:48,599
Speaker 7: one percent by now when they stopped hiking, so that's

1740
01:26:48,640 --> 01:26:52,000
Speaker 7: still a big gap. But yeah, there's some key things

1741
01:26:52,080 --> 01:26:56,080
Speaker 7: like rents, rates and insurance, for example. But as the

1742
01:26:56,160 --> 01:26:59,599
Speaker 7: general price increase across the economy falls and those things

1743
01:26:59,600 --> 01:27:02,840
Speaker 7: still to stranded on the top side than if their

1744
01:27:02,880 --> 01:27:04,800
Speaker 7: outliers and the Reserve Bank will be able to look

1745
01:27:04,840 --> 01:27:07,120
Speaker 7: through them. So essentially, we expect the Reserve Bank to

1746
01:27:07,120 --> 01:27:11,120
Speaker 7: stop talking more about the headline level of inflation and

1747
01:27:11,160 --> 01:27:14,599
Speaker 7: starts to talk more about the core inflation measures because

1748
01:27:14,600 --> 01:27:17,720
Speaker 7: they should have a bit more space to look through

1749
01:27:17,760 --> 01:27:19,639
Speaker 7: stuff now that it looks like they're winning the war.

1750
01:27:19,920 --> 01:27:23,880
Speaker 3: Yeah, does anything in today's numbers give you cause for anxiety.

1751
01:27:26,040 --> 01:27:30,280
Speaker 7: No, not really, I mean there was some solid progress

1752
01:27:30,280 --> 01:27:32,479
Speaker 7: I would say, I mean, yes, it is disappointing that

1753
01:27:32,520 --> 01:27:35,880
Speaker 7: non tradable inflation hasn't fallen more over the last year,

1754
01:27:35,920 --> 01:27:38,360
Speaker 7: but there's good science going forward if you look at

1755
01:27:38,360 --> 01:27:41,160
Speaker 7: what firms are saying about their costs and their prices,

1756
01:27:41,800 --> 01:27:45,200
Speaker 7: that sort of thing. It's still taking a while, but

1757
01:27:45,240 --> 01:27:47,360
Speaker 7: there was nothing in today's data that suggested that the

1758
01:27:47,439 --> 01:27:50,280
Speaker 7: economy needs to go through more pain than we thought

1759
01:27:50,640 --> 01:27:53,000
Speaker 7: to beat inflation, which was definitely the tone of the

1760
01:27:53,000 --> 01:27:55,160
Speaker 7: Reserve Bank's montrospolicy statement in May.

1761
01:27:55,320 --> 01:27:57,599
Speaker 3: And do you feel confident that in three months time,

1762
01:27:57,600 --> 01:28:00,519
Speaker 3: when we're looking back at the September quarterly data, we

1763
01:28:00,600 --> 01:28:03,200
Speaker 3: will be comfortably within the Reserve banks target band.

1764
01:28:04,400 --> 01:28:06,400
Speaker 7: It's looking like it at the moment, but of course

1765
01:28:06,680 --> 01:28:09,080
Speaker 7: you'll never say that with one hundred cent certainty, because if

1766
01:28:09,120 --> 01:28:12,040
Speaker 7: there was a sudden million oil shocks, for example, that

1767
01:28:12,600 --> 01:28:15,599
Speaker 7: the headline numbers could move around quite quickly.

1768
01:28:16,240 --> 01:28:19,840
Speaker 3: Damn it, Sharon, I shouldn't have put that as my

1769
01:28:19,920 --> 01:28:21,920
Speaker 3: last question this CD, but thank you very much for

1770
01:28:21,960 --> 01:28:24,200
Speaker 3: your time. We appreciate it. Sharon Zold The who is,

1771
01:28:24,240 --> 01:28:26,280
Speaker 3: of course ain Z's chief economists, and she had a

1772
01:28:26,320 --> 01:28:29,360
Speaker 3: nice sharon about this. But ain Z has dropped some

1773
01:28:29,479 --> 01:28:32,280
Speaker 3: of its home loan and term deposit rates, and this

1774
01:28:32,360 --> 01:28:34,880
Speaker 3: comes after Westpac I think lowered some of their rates

1775
01:28:34,960 --> 01:28:39,320
Speaker 3: last week. So ain Z's decreased its home loans with

1776
01:28:39,400 --> 01:28:42,160
Speaker 3: a thirty basis point drop on their two year special rate.

1777
01:28:42,240 --> 01:28:44,800
Speaker 3: That's down to six point four to nine perandom of

1778
01:28:44,800 --> 01:28:48,080
Speaker 3: twenty nine point basis drop on their one year special

1779
01:28:48,120 --> 01:28:51,759
Speaker 3: rate to six point eight five. I've got to reset

1780
01:28:51,800 --> 01:28:54,280
Speaker 3: in October. So what do we think end of October?

1781
01:28:55,040 --> 01:28:57,240
Speaker 3: Throw this open to the wisdom of the crowds. The

1782
01:28:57,240 --> 01:28:59,439
Speaker 3: thing is that once they start cutting, the real question

1783
01:28:59,479 --> 01:29:01,400
Speaker 3: is how quick are they going to cut in how

1784
01:29:01,400 --> 01:29:03,120
Speaker 3: far are they going to go? Right, Because even if

1785
01:29:03,120 --> 01:29:06,960
Speaker 3: the Reserve Bank does start cutting in November of this year,

1786
01:29:07,280 --> 01:29:10,000
Speaker 3: if it's only twenty five basis points, and we've got

1787
01:29:10,040 --> 01:29:13,400
Speaker 3: to wait, you know, a full year until we see

1788
01:29:13,479 --> 01:29:16,160
Speaker 3: or maybe longer until we see one hundred basis points

1789
01:29:16,200 --> 01:29:19,599
Speaker 3: off that OCRs that stands right now, then that's still

1790
01:29:19,640 --> 01:29:21,679
Speaker 3: a lot more pain in the economy. It's a delicate

1791
01:29:21,680 --> 01:29:23,639
Speaker 3: balance for the Reserve Bank as they try and make

1792
01:29:23,680 --> 01:29:28,840
Speaker 3: sure they don't breathe too much life back into economic activity.

1793
01:29:29,000 --> 01:29:30,400
Speaker 3: If you want to fix us a text ninety two

1794
01:29:30,479 --> 01:29:32,640
Speaker 3: ninety two is our text number. You can email me

1795
01:29:32,680 --> 01:29:35,120
Speaker 3: as well. Jacket used it ZB dot CO dot NZ.

1796
01:29:35,320 --> 01:29:37,720
Speaker 3: Three point three percent is our inflation rate. It is

1797
01:29:37,800 --> 01:29:42,280
Speaker 3: just two percent in the UK. However, whose economy would

1798
01:29:42,280 --> 01:29:45,080
Speaker 3: you rather have? Right now? There's a whole lot of

1799
01:29:45,080 --> 01:29:48,280
Speaker 3: pressure on England's Central Bank to start cutting rates much

1800
01:29:48,280 --> 01:29:49,960
Speaker 3: more aggressively as well. We'll take you there in a

1801
01:29:50,000 --> 01:29:52,120
Speaker 3: couple of minutes. Right now, it's just coming up to

1802
01:29:52,120 --> 01:29:53,400
Speaker 3: seventeen to seven.

1803
01:29:54,280 --> 01:29:56,640
Speaker 1: Scrunching the numbers and getting the results.

1804
01:29:56,840 --> 01:30:00,080
Speaker 2: It's Jack Team with the Business Hour thanks to so

1805
01:30:00,200 --> 01:30:04,160
Speaker 2: my HR the HL platform for SME on News Talks.

1806
01:30:03,960 --> 01:30:06,599
Speaker 3: EDB is a quarter to seven on News talks 'B.

1807
01:30:06,720 --> 01:30:09,599
Speaker 3: Time to catch up with UK correspondent Gavin Gray, who

1808
01:30:09,680 --> 01:30:11,960
Speaker 3: joins us from outside Westminster this evening.

1809
01:30:12,040 --> 01:30:16,600
Speaker 21: Kyodo, Hi there, Jack, Yes, I did, and indeed a

1810
01:30:16,800 --> 01:30:18,880
Speaker 21: very busy day ahead as well.

1811
01:30:19,080 --> 01:30:21,599
Speaker 3: Yeah, a lot of laws on the statutes are there.

1812
01:30:21,680 --> 01:30:23,320
Speaker 3: Very exciting day. We'll get to that in a couple

1813
01:30:23,360 --> 01:30:25,560
Speaker 3: of minutes. And some of the big changes that Kastama's

1814
01:30:25,600 --> 01:30:28,599
Speaker 3: government are trying to push through. But as New Zealand

1815
01:30:29,000 --> 01:30:33,559
Speaker 3: gets its latest inflation data. The UK's inflation rate is

1816
01:30:33,600 --> 01:30:36,240
Speaker 3: making us all feel just a little bit envious. So

1817
01:30:36,640 --> 01:30:39,240
Speaker 3: the inflation rate in the UK right now unchanged at

1818
01:30:39,240 --> 01:30:41,559
Speaker 3: two percent, which of course is dead on target. So

1819
01:30:41,640 --> 01:30:43,360
Speaker 3: what is this going to mean for interest rates?

1820
01:30:44,760 --> 01:30:47,439
Speaker 21: Yeah, very big question. Lots of pressure I think now

1821
01:30:47,479 --> 01:30:49,599
Speaker 21: on the Bank of England to bring those interest rates

1822
01:30:49,640 --> 01:30:52,639
Speaker 21: down there at a sixteen year high of five and

1823
01:30:52,680 --> 01:30:55,519
Speaker 21: a quarter percent. They were used pretty much as a

1824
01:30:55,560 --> 01:30:59,519
Speaker 21: tool keeping interest rates, raising interest rates to control inflation,

1825
01:30:59,840 --> 01:31:03,040
Speaker 21: inflation which had been double digit back down to two

1826
01:31:03,120 --> 01:31:06,639
Speaker 21: percent staying at two percent. However, I think actually analysts

1827
01:31:06,640 --> 01:31:08,599
Speaker 21: were slightly disappointed. They thought it was going to drop

1828
01:31:08,640 --> 01:31:11,120
Speaker 21: a little further, particularly in one or two of the

1829
01:31:11,200 --> 01:31:15,360
Speaker 21: service sectors and other measurements of inflation. So I think

1830
01:31:15,400 --> 01:31:17,040
Speaker 21: they're slightly disappointed about that.

1831
01:31:17,320 --> 01:31:18,640
Speaker 6: Apparently, what kept.

1832
01:31:18,400 --> 01:31:22,160
Speaker 21: Inflation at the two percent was, although most things are dropped,

1833
01:31:22,560 --> 01:31:26,040
Speaker 21: believe it or not, hotel stays had increased in prices,

1834
01:31:26,040 --> 01:31:28,479
Speaker 21: so anyone coming to visit might need to bear that

1835
01:31:28,560 --> 01:31:31,240
Speaker 21: in mind. Tomorrow we get the employment figures, and then

1836
01:31:31,280 --> 01:31:33,200
Speaker 21: at the first of August that decision from the Bank

1837
01:31:33,200 --> 01:31:36,719
Speaker 21: of England where many people with mortgages will be hoping

1838
01:31:36,760 --> 01:31:37,960
Speaker 21: those rates are coming down.

1839
01:31:38,680 --> 01:31:40,920
Speaker 3: To talk us through that again, so the Bank of

1840
01:31:40,960 --> 01:31:43,120
Speaker 3: England's going to be making your decision thee And to

1841
01:31:43,120 --> 01:31:47,440
Speaker 3: be totally clear, here in New Zealand we get quarterly

1842
01:31:47,520 --> 01:31:51,240
Speaker 3: inflation data, so we only get an update every three months.

1843
01:31:51,760 --> 01:31:55,080
Speaker 3: In the UK. Just how regularly do you get your

1844
01:31:55,080 --> 01:31:58,240
Speaker 3: inflation data? Do you get your inflation data every month? Given?

1845
01:32:00,040 --> 01:32:02,360
Speaker 21: Yes, that's right, always roughly at the same sort of

1846
01:32:02,360 --> 01:32:06,479
Speaker 21: time in the month. And the inflation with the employment

1847
01:32:06,520 --> 01:32:08,240
Speaker 21: figures they're now trying to bring out on the first

1848
01:32:08,240 --> 01:32:10,719
Speaker 21: of every month. And it's the Bank of England setting

1849
01:32:10,720 --> 01:32:14,280
Speaker 21: those interest rates that most people look forward to, and

1850
01:32:14,760 --> 01:32:17,960
Speaker 21: as I said, they're coming out at the first of Allgant.

1851
01:32:17,880 --> 01:32:21,960
Speaker 3: And so Gavin, how do people generally structure their mortgages

1852
01:32:22,479 --> 01:32:24,599
Speaker 3: in the UK? Here in New Zealand, I think most

1853
01:32:24,600 --> 01:32:28,320
Speaker 3: people look to structure their mortgages over fixed term periods,

1854
01:32:28,439 --> 01:32:31,960
Speaker 3: which means that even once the central Bank decides to

1855
01:32:32,200 --> 01:32:34,640
Speaker 3: cut or increase rates, there is a bit of a

1856
01:32:34,720 --> 01:32:38,439
Speaker 3: lag until people switch from whatever fixed term they are

1857
01:32:38,479 --> 01:32:41,240
Speaker 3: on now and to the fixed term under a new

1858
01:32:41,280 --> 01:32:43,880
Speaker 3: interest rate. Certainly that is the case for the majority

1859
01:32:44,080 --> 01:32:47,160
Speaker 3: of people's family homes. For example, how do people in

1860
01:32:47,200 --> 01:32:49,519
Speaker 3: the UK generally structure their homelines?

1861
01:32:51,120 --> 01:32:54,760
Speaker 21: There are so many different offers now, Jack is quite extraordinary.

1862
01:32:54,800 --> 01:32:57,000
Speaker 21: When I got my first mortgage, it was very strictly

1863
01:32:57,360 --> 01:33:00,719
Speaker 21: limited really to just about a does and different things

1864
01:33:00,720 --> 01:33:02,400
Speaker 21: you could go for. There are lot now. I think

1865
01:33:02,439 --> 01:33:06,040
Speaker 21: what's become very popular are yes, those fixed knowing what

1866
01:33:06,080 --> 01:33:08,200
Speaker 21: you're going to be paying, but at the moment, of course,

1867
01:33:08,400 --> 01:33:10,479
Speaker 21: because interest rates are high, you're going to be paying

1868
01:33:10,560 --> 01:33:13,160
Speaker 21: a lot of money. So a lot of people coming

1869
01:33:13,200 --> 01:33:16,160
Speaker 21: off the fixed going to the variable and also early

1870
01:33:16,200 --> 01:33:17,559
Speaker 21: payback without penalty.

1871
01:33:17,600 --> 01:33:20,800
Speaker 3: That's very popular, right, Yeah, So you talked to us

1872
01:33:21,800 --> 01:33:23,920
Speaker 3: about some of the laws that this new government of

1873
01:33:24,000 --> 01:33:28,120
Speaker 3: Kia Stamers is prioritizing and looking to pass thirty five

1874
01:33:28,640 --> 01:33:32,400
Speaker 3: new laws proposed, including a crackdown on shoplifting.

1875
01:33:34,320 --> 01:33:37,160
Speaker 21: Yes, that's right. So the king speech is due to

1876
01:33:37,160 --> 01:33:39,519
Speaker 21: take place in a couple of hours unveiling some thirty

1877
01:33:39,520 --> 01:33:43,120
Speaker 21: five pieces of legislation and shoplifting is due to be

1878
01:33:43,200 --> 01:33:46,960
Speaker 21: up there and basically the previous government in twenty fourteen

1879
01:33:47,400 --> 01:33:50,519
Speaker 21: past the law that meant low value thefts worth under

1880
01:33:50,800 --> 01:33:54,920
Speaker 21: four hundred Australian dollars were subject to much less serious punishment. Indeed,

1881
01:33:54,920 --> 01:33:57,600
Speaker 21: the police really weren't that interested unless it was a

1882
01:33:57,760 --> 01:34:00,920
Speaker 21: larger theft than that. This government looking to overhaul that

1883
01:34:01,160 --> 01:34:04,800
Speaker 21: completely change that with a new CRUTB Bill and also

1884
01:34:04,880 --> 01:34:07,560
Speaker 21: to make life much easier for the police to investigate

1885
01:34:07,600 --> 01:34:10,880
Speaker 21: and work with retailers to sort these offenses out. It's

1886
01:34:10,880 --> 01:34:13,400
Speaker 21: going to prove very popular. Do you know It's shoplifting

1887
01:34:13,479 --> 01:34:17,080
Speaker 21: cost retailers three point eight billion New Zealand dollars in

1888
01:34:17,120 --> 01:34:19,880
Speaker 21: the last year, and of course who's paying for that? Well,

1889
01:34:19,920 --> 01:34:24,759
Speaker 21: the answer is all the other responsible and paying public

1890
01:34:24,800 --> 01:34:26,439
Speaker 21: who buy from that particular shop.

1891
01:34:26,800 --> 01:34:30,960
Speaker 3: Yeah, yeah, exactly. And Gavin Sniffer dogs in Ecuador have

1892
01:34:31,040 --> 01:34:34,240
Speaker 3: found more than six tons of cocaine hidden in a

1893
01:34:34,280 --> 01:34:36,719
Speaker 3: banana shipment distant for Germany.

1894
01:34:38,400 --> 01:34:41,719
Speaker 21: Can you believe it? Five thousand, six hundred and thirty

1895
01:34:41,760 --> 01:34:45,559
Speaker 21: parcels jack filled with a white substance later tested positive

1896
01:34:45,600 --> 01:34:49,240
Speaker 21: for cocaine. The shipment was destined, as you say, for Germany,

1897
01:34:49,320 --> 01:34:51,720
Speaker 21: we're not quite short which port. But this is a

1898
01:34:51,800 --> 01:34:54,559
Speaker 21: massive boost to those trying to crack down but also

1899
01:34:54,600 --> 01:34:57,920
Speaker 21: I think an indication on the sheer scale of the trade.

1900
01:34:58,360 --> 01:35:01,120
Speaker 21: Had the six and a quarter ton of cocaine ridged

1901
01:35:01,160 --> 01:35:05,200
Speaker 21: its destination, it would have been worth bordering on getting

1902
01:35:05,280 --> 01:35:09,080
Speaker 21: up to half a billion New Zealand dollars. Quite extraordinary.

1903
01:35:09,160 --> 01:35:13,400
Speaker 21: Five people arrested following the discovery, and it was in

1904
01:35:13,439 --> 01:35:17,400
Speaker 21: a deep water southwest of the Ecuador's largest city, a

1905
01:35:17,439 --> 01:35:21,000
Speaker 21: deep water port, that these parcels were found hidden beneath

1906
01:35:21,800 --> 01:35:25,439
Speaker 21: these crates of bananas that were destined for legitimate export.

1907
01:35:25,520 --> 01:35:28,559
Speaker 21: So quite a major achievement there, and plenty of people

1908
01:35:28,640 --> 01:35:31,800
Speaker 21: now looking at Ecuador from Europe as a place to

1909
01:35:31,840 --> 01:35:34,719
Speaker 21: perhaps concentrate those police investigative resources.

1910
01:35:34,800 --> 01:35:37,599
Speaker 3: Yeah, yeah, that's very interesting. Thank you so much, Gavin,

1911
01:35:37,680 --> 01:35:40,560
Speaker 3: really appreciate it. That is UK correspondent Gavin Gray a

1912
01:35:40,640 --> 01:35:43,360
Speaker 3: lot of attention on Ecuador. But it is interesting because

1913
01:35:43,439 --> 01:35:46,360
Speaker 3: in some parts of South America that have been most

1914
01:35:46,800 --> 01:35:50,720
Speaker 3: traditionally associated with the cocaine trade, they are seeing a

1915
01:35:51,240 --> 01:35:55,559
Speaker 3: coca leaf glut of sorts. So it's not necessarily a

1916
01:35:55,560 --> 01:35:59,280
Speaker 3: cocaine glut, but a coca leaf glut. The cartels that

1917
01:35:59,439 --> 01:36:03,040
Speaker 3: usually drove a lot of the business in really rural

1918
01:36:03,160 --> 01:36:07,200
Speaker 3: and remote parts of Colombia, for example, have turned their

1919
01:36:07,240 --> 01:36:10,040
Speaker 3: business attention to other things as well. So, for example,

1920
01:36:10,520 --> 01:36:14,439
Speaker 3: if you can make however much money trafficking, producing and

1921
01:36:14,479 --> 01:36:17,599
Speaker 3: trafficking cocaine, but you can make three times as much

1922
01:36:18,080 --> 01:36:21,960
Speaker 3: by trafficking people through the Darien Gap in the north

1923
01:36:21,960 --> 01:36:24,840
Speaker 3: of Columbia up and through the migrant trains through Central

1924
01:36:24,840 --> 01:36:27,240
Speaker 3: America on their way to the US, then why would

1925
01:36:27,240 --> 01:36:29,800
Speaker 3: you be focused on cocaine? And over the last six

1926
01:36:29,880 --> 01:36:32,519
Speaker 3: months or so, they reckon there has been a huge,

1927
01:36:32,960 --> 01:36:38,120
Speaker 3: huge surge in the number of very small coca producers

1928
01:36:38,240 --> 01:36:41,960
Speaker 3: who think that it is no longer a financially tenable

1929
01:36:42,000 --> 01:36:44,400
Speaker 3: option for them. So these are people in rural communities

1930
01:36:44,400 --> 01:36:48,080
Speaker 3: in Columbia who basically say, yep, we've been subsistence farmers

1931
01:36:48,120 --> 01:36:51,840
Speaker 3: growing coca leaves, selling them to organizations that are linked

1932
01:36:51,840 --> 01:36:54,479
Speaker 3: to the drug cartels. But actually it doesn't make sense

1933
01:36:54,479 --> 01:36:57,120
Speaker 3: for us to do this anymore. It's not economic and

1934
01:36:57,160 --> 01:36:58,640
Speaker 3: if we're going to get by, we're going to have

1935
01:36:58,680 --> 01:37:00,719
Speaker 3: to move to the cities instead. So so yeah, really

1936
01:37:00,760 --> 01:37:03,840
Speaker 3: intriguing to consider some of those dynamics at play. Right now,

1937
01:37:03,840 --> 01:37:05,720
Speaker 3: it is eight minutes to seven. You were Jack Tame,

1938
01:37:05,800 --> 01:37:07,080
Speaker 3: This is news. Doorg's hedb.

1939
01:37:08,920 --> 01:37:12,240
Speaker 1: Whether it's macro, micro or just plain economics.

1940
01:37:12,280 --> 01:37:15,320
Speaker 2: It's all on the Business Hour with Heather Duplicy Ellen

1941
01:37:15,439 --> 01:37:18,439
Speaker 2: and my HR, the HR platform.

1942
01:37:17,960 --> 01:37:20,240
Speaker 1: For SME neustorgsb.

1943
01:37:21,080 --> 01:37:23,280
Speaker 3: News Talks. He'd be thank you very much for your

1944
01:37:23,439 --> 01:37:27,880
Speaker 3: texts and communications this evening, Jack stopping so negative. Come on,

1945
01:37:28,080 --> 01:37:30,920
Speaker 3: Inflation going down is great news. It is news that

1946
01:37:30,960 --> 01:37:33,360
Speaker 3: all of New Zealand needs have been through so much.

1947
01:37:33,360 --> 01:37:35,720
Speaker 3: You've got to realize that I don't know how you've

1948
01:37:35,760 --> 01:37:37,400
Speaker 3: got me wrong on this one. I could not be

1949
01:37:37,479 --> 01:37:40,320
Speaker 3: more delighted to see inflation heading in the right direction,

1950
01:37:40,880 --> 01:37:44,439
Speaker 3: especially given I mean that the economists heading into today,

1951
01:37:44,560 --> 01:37:47,640
Speaker 3: the big bank economists were kind of mixed in their expectations.

1952
01:37:47,880 --> 01:37:50,040
Speaker 3: I think a couple of the banks were picking a

1953
01:37:50,080 --> 01:37:52,639
Speaker 3: three point three, but most of them had it somewhere higher,

1954
01:37:52,680 --> 01:37:54,559
Speaker 3: as high as a three point five, maybe even a

1955
01:37:54,560 --> 01:37:57,880
Speaker 3: three point six for annualized in fation. Is that as

1956
01:37:57,920 --> 01:38:00,479
Speaker 3: that baseline figure? But I think three point three is certainly,

1957
01:38:01,680 --> 01:38:06,080
Speaker 3: if not point for celebration or cause for celebration, cause

1958
01:38:06,120 --> 01:38:09,600
Speaker 3: for optimism at the very least right heading into the

1959
01:38:09,640 --> 01:38:13,439
Speaker 3: reserve banks next couple of big decisions on the official

1960
01:38:13,560 --> 01:38:16,800
Speaker 3: cash rate. Thank you very much for your feedback. Thanks

1961
01:38:16,800 --> 01:38:20,960
Speaker 3: to my wonderful producers, Ants and Andy for doing the

1962
01:38:20,960 --> 01:38:24,000
Speaker 3: tough stuff this evening, as has chosen a final song

1963
01:38:24,040 --> 01:38:25,600
Speaker 3: for us. Why have we got Aunt Maggie May by

1964
01:38:25,680 --> 01:38:28,000
Speaker 3: Rod Stewart to play us out tonight? Sir Rod Stewart

1965
01:38:28,040 --> 01:38:29,800
Speaker 3: is doing something that I have kind of always wanted

1966
01:38:29,840 --> 01:38:32,479
Speaker 3: to do, and that he is going to His birthday

1967
01:38:32,520 --> 01:38:34,720
Speaker 3: is going to be more like a birthday week or

1968
01:38:34,960 --> 01:38:38,240
Speaker 3: actually several birthdaysks. Okay, so like a birthday tour kind

1969
01:38:38,240 --> 01:38:38,719
Speaker 3: of Yeah?

1970
01:38:38,760 --> 01:38:42,040
Speaker 9: Yeah, like literally, So his birthday is actually in January,

1971
01:38:42,080 --> 01:38:44,960
Speaker 9: so he's very much getting planning underway nice and early.

1972
01:38:45,000 --> 01:38:47,679
Speaker 3: Is it a significant birthday? Well, he's going to be eighty,

1973
01:38:47,760 --> 01:38:50,040
Speaker 3: so yeah, is he really? Yeah, he's going to be eighty.

1974
01:38:50,080 --> 01:38:52,960
Speaker 9: So it's a big one and they're going to start

1975
01:38:53,000 --> 01:38:56,719
Speaker 9: in Florida and then him and the family, Penny Lancaster

1976
01:38:56,760 --> 01:38:57,840
Speaker 9: and the rest of them are going to go on

1977
01:38:57,880 --> 01:39:00,200
Speaker 9: a big ship together all round the Caribbean, so that

1978
01:39:00,360 --> 01:39:01,920
Speaker 9: like it will literally be a birthday tour.

1979
01:39:01,960 --> 01:39:03,639
Speaker 3: There you go, hang on, when you say a big ship,

1980
01:39:03,920 --> 01:39:06,160
Speaker 3: is this like a like a that's what That's.

1981
01:39:06,040 --> 01:39:08,639
Speaker 9: What Penny Lancaster is quoted as saying, big ship.

1982
01:39:08,880 --> 01:39:10,680
Speaker 3: So I would I would think cruise ship. You're right,

1983
01:39:10,720 --> 01:39:13,760
Speaker 3: it could be a cargo ship. Might are they like

1984
01:39:14,560 --> 01:39:17,240
Speaker 3: they can they are then the sort of billionaire class

1985
01:39:17,240 --> 01:39:19,280
Speaker 3: where they can go on with there's ridiculous you know,

1986
01:39:19,439 --> 01:39:22,640
Speaker 3: like super liner kind of things, like a Jeff Bezos super.

1987
01:39:22,560 --> 01:39:24,479
Speaker 9: I can probably hire out a cruise ship just for them,

1988
01:39:24,640 --> 01:39:25,920
Speaker 9: like have the whole thing for themselves.

1989
01:39:26,120 --> 01:39:28,760
Speaker 3: Just feel like it would be kind of classic if

1990
01:39:28,760 --> 01:39:30,720
Speaker 3: he hired out an entire cruise ship. Would you hire

1991
01:39:30,720 --> 01:39:31,960
Speaker 3: a sailing ship?

1992
01:39:32,200 --> 01:39:32,439
Speaker 4: Yeah?

1993
01:39:32,479 --> 01:39:34,200
Speaker 3: I mean didn't he sing sailing as well?

1994
01:39:34,200 --> 01:39:34,720
Speaker 4: Maybe that? Yeah?

1995
01:39:34,840 --> 01:39:37,720
Speaker 3: Yeah, yeah, yeah, very good because hey, thank you so

1996
01:39:37,840 --> 01:39:40,880
Speaker 3: much for that. As Happy birthday to mister Rod Stewart.

1997
01:39:41,000 --> 01:39:42,880
Speaker 3: When he gets to eighty, Elliott Smith is going to

1998
01:39:42,920 --> 01:39:45,719
Speaker 3: take you through the evening with sports talk on News Talks.

1999
01:39:45,720 --> 01:39:48,879
Speaker 3: He'd be I am back with you Nick tomorrow afternoon

2000
01:39:49,479 --> 01:39:53,120
Speaker 3: from four o'clock until then, News is next. Have a

2001
01:39:53,120 --> 01:39:53,840
Speaker 3: wonderful evening.

2002
01:39:59,320 --> 01:40:02,519
Speaker 2: For more from Heather Duplessy Allen Drive, listen live to

2003
01:40:02,600 --> 01:40:05,639
Speaker 2: News Talks ed B from four pm weekdays, or follow

2004
01:40:05,680 --> 01:40:07,440
Speaker 2: the podcast on iHeartRadio