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Speaker 1: Your source of breaking news, challenging opinion and honors. Backs

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Speaker 1: the Mike Hosking Breakfast with Veda, Retirement Communities, Life, Your

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Speaker 1: Way News, togs Head, been.

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Speaker 2: Wedding and welcome Today the Reserve Bank changes their mind.

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Speaker 2: We got new insight into the retirement savings at the

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Speaker 2: growing gaff A TV instead going pay per view for

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Speaker 2: this World Cup football, Mark Winterbottom, Supercow's great and for

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Speaker 2: Chat after Right and of Brady catsman Field. They bring

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Speaker 2: a European flare to proceedings. Pasca good Tuesday morning, seven

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Speaker 2: past six. Now question for you, has the Penny Dropp day?

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Speaker 2: No shortage of headlines and news coverage yesterday out of

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Speaker 2: our interview with the Prime Minister on the Reserve Bank,

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Speaker 2: so in a nutshell luction suggested Hawksby Blewett should have

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Speaker 2: could have moved faster on the cash rate. This is

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Speaker 2: news not because the PM is right. We all know

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Speaker 2: he's right, but there is a convention whereby because the

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Speaker 2: Reserve Bank is independent, you don't bag them, especially if

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Speaker 2: you're a politician far less the most influential politician. But

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Speaker 2: here's why Luxon was right and deserves recognition for what

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Speaker 2: he said. There comes a time when you've got to

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Speaker 2: say what you got to say. You can't dance around

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Speaker 2: convention about becoming conventions victim. There is just too much

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Speaker 2: of a people who can't have a go at judges

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Speaker 2: as another good example. By tiptoeing around the truth, we

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Speaker 2: invite complacency and accountability becomes woefully lacking. The cold hard

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Speaker 2: politics are at play as well. Christian hawksby and as

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Speaker 2: Gang of Monetary Committee wants aren't up for reelection next year.

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Speaker 2: And believe me of lux and wanders the countryside telling

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Speaker 2: us he wished the cash rate was lower faster, he's

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Speaker 2: not going to get any sympathy. The extreme, of course,

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Speaker 2: is somebody like Trump, where you call for sackings occasionally

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Speaker 2: you actually do some sackings. We don't need to be

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Speaker 2: that unhinged, but it is unfairly restrictive for a government

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Speaker 2: to cut spending, cut red tape, change rules and laws,

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Speaker 2: trim jobs, cap councils up in the rima get the

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Speaker 2: fast track going. In other words, work your butt off,

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Speaker 2: pulling every lever they can to fire the joint up. Meantime,

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Speaker 2: old the old dumpty doos on the terrace can't see

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Speaker 2: a contraction when it smacks them in the face and

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Speaker 2: stare the economy through an aptitude. Also, quite apart from

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Speaker 2: anything else, we like strong leadership, don't we. We like people

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Speaker 2: telling it like it is. At luxm has had a weakness.

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Speaker 2: It might be he's just been a bit corporate age,

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Speaker 2: bit polite, but nice. Hopefully yesterday was the start of

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Speaker 2: something new and more strident, and with it a few

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Speaker 2: more people are held to open public accounts.

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Speaker 3: News of the world in ninety seconds day.

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Speaker 2: In America, and come on, and the president of South

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Speaker 2: Korea who is in Washington for some yellow chair chat,

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Speaker 2: but don ready to give him a going over.

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Speaker 1: Well, I heard that there were raids on churches over

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Speaker 1: the last few days by the new government in South Korea.

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Speaker 2: That they even went into our military base and got

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Speaker 2: information and fish probably shouldn't have done that, but I

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Speaker 2: heard bad things. I don't know if it's true or not.

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Speaker 3: I'll be finding out.

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Speaker 2: He also has domestic matters on his mind. Washington, Baltimore,

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Speaker 2: New York, Chicago. Have troops, will travel.

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Speaker 4: We have a full complement of great human beings, well full.

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Speaker 5: You know, our military is full.

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Speaker 6: We were way empty, so we can go anywhere on

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Speaker 6: less than twenty four.

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Speaker 2: Hours now, laser Manter's kill mar Garcia, he's the block

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Speaker 2: lay to pull to well. Selvador then brought him back

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Speaker 2: for a bit of law and order processing. Anywhy has

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Speaker 2: handed himself in this morning device.

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Speaker 7: The only reason that they've chosen to take him into

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Speaker 7: detention is to punish him, to punish him for exercising

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Speaker 7: his constitutional rights, his constitutional right to fight back against

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Speaker 7: being illegally deported to US. Salvador, his constitutional right to

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Speaker 7: speak up on the torture and treatment that he received.

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Speaker 2: To the Middle East. Will ISRAELISO managed the Bomba hospital.

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Speaker 8: As a professional military committed to international law, we are

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Speaker 8: obligated to investigate our operations thoroughly and professionally. As always,

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Speaker 8: we will present our findings as transparently as possible.

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Speaker 2: Bob Jurna is recorded up on that eld Juzero reckons

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Speaker 2: they're being targeted.

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Speaker 9: We've lost our colleagues Anecesaries and Muhammad Kreta days ago

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Speaker 9: nearby at Schifa Hospital. So we're talking about a crime

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Speaker 9: against journalism against committed again.

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Speaker 2: Then in Britain, growing fear that Chancellor Rachael reeves basically

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Speaker 2: the num A clue what she's doing. Debt is ballooning

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Speaker 2: and they're in real trouble.

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Speaker 10: This is a problem which has actually been persistent. It's

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Speaker 10: not just a UK problem. The UK is probably at

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Speaker 10: worse than most other people. The government's spending more than

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Speaker 10: its collective savings. The UK collective savings are not covering

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Speaker 10: the cost of the government's deficit at the moment, and

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Speaker 10: we think that's going to come to a crisis at

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Speaker 10: some point.

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Speaker 2: And do we'll check on that within the lightly find

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Speaker 2: the Irish rail cracking down on training etiquette. No more

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Speaker 2: beer baiting, so that's when people play the music without

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Speaker 2: the headphones. There's now going to be an etiquette fine

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Speaker 2: of one hundred euros. You'll also get fined if you

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Speaker 2: bait or you put your bags or your feet on

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Speaker 2: the seat. Here's the world of ninety Actually, you poll

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Speaker 2: out this morning on Starmer and Reeves forty three percent

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Speaker 2: think she should be sacked, just nineteen percent think she

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Speaker 2: should stay. So as I say, ended with us after

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Speaker 2: eight thirty this morning, eleven past six.

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Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

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Speaker 1: by News Talk.

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Speaker 2: Zippy Monday in Hong Kong yesterday and Evergrand was taken off.

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Speaker 2: The mar could have been coming for a long period

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Speaker 2: of time once China's big as retail firm, of course,

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Speaker 2: but they sunk under about one hundred and something billion

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Speaker 2: dollars worth of debt, so they got pulled off the market.

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Speaker 2: So that's the end of the m fourteen parts The

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Speaker 2: best things in life from Jmi Well Dansraquella her good morning,

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Speaker 2: very good morning, A little bit of life in the

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Speaker 2: old retail A.

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Speaker 11: Here's a little bit of a surprise stats.

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Speaker 12: New Zealand released yesterday retail trade data for the second quarter.

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Speaker 12: Now we do get high frequency data around spending, that's

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Speaker 12: through those electronic card transaction monthly data that we talk about.

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Speaker 12: They'd looked quite weak data yesterday's from the quarterly retail

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Speaker 12: trade survey, and it's come hot on the heels of

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Speaker 12: the RBNZ looking to deliver more monetary policy accommodation.

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Speaker 11: That was driven by high level of surplus capacity.

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Speaker 12: In the economy, and that environment now transpires that retail

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Speaker 12: sales have taken a little lift. Total volume of retail

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Speaker 12: sales increased zero point five percent of the June quarter

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Speaker 12: compared to the March twenty twenty five quarter. Now, Mike,

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Speaker 12: these figures are adjusted for inflation, they are season adjusted,

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Speaker 12: so there's nothing funny going on in the background there.

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Speaker 12: And the zero point five percent lift MIC is quite

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Speaker 12: a bit higher than what was expected consensus essimates for

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Speaker 12: a small fall zero point three percent.

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Speaker 11: So look, it's only a modest lift, but it is

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Speaker 11: a lift.

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Speaker 12: And what makes this interesting, MIC, is that there are

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Speaker 12: some feeling negative expectations for that Q two GDP figure,

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Speaker 12: the growth figure, and this figure is suggesting maybe those

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Speaker 12: expectations are well, maybe a little bit too pessimistic. Will,

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Speaker 12: of course find out when we get the GDP figure

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Speaker 12: in September. Eighteenth September, I think, is the date the

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Speaker 12: rb INST have estimated that GDP at minus point three

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Speaker 12: percent annual growth.

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Speaker 11: In these retail sales numbers two point three.

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Speaker 12: Percent, Mic, Look, if you look at them on a

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Speaker 12: per capita basi's always interesting to do that they're only

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Speaker 12: at one point six percent year on year, And it's

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Speaker 12: sobering to me to note that per capita spending is

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Speaker 12: the thick end of nine percent below the peak in

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Speaker 12: twenty twenty one, So four years on, we're still quite

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Speaker 12: a way behind where we were four years ago.

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Speaker 11: Look at the detail.

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Speaker 12: Might there are some interesting I suppose forces or details

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Speaker 12: going on in the background. You look through the numbers

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Speaker 12: of the rural economies in a different place than the

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Speaker 12: urban economy, which we will know. There's also some evidence

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Speaker 12: when the arby spoke the other day, there's some evidence

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Speaker 12: of dissaving.

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Speaker 11: In house also, households eating into their savings.

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Speaker 12: So some of this extra spending could come from people,

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Speaker 12: you know, diving into their savings. The other thing is

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Speaker 12: fuel prices have fallen, and that creates some capacity for spare,

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Speaker 12: for discretionary spending elsewhere.

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Speaker 11: There's also a slightly.

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Speaker 12: Puzzling lift in the start and a great big lift

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Speaker 12: actually and spending on electrical appliances. It's up fifteen point

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Speaker 12: two percent year on year and four point six percent

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Speaker 12: of the course.

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Speaker 11: I'm not quite sure what's going on there, but Mike.

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Speaker 12: There is a bit of collective head scratching about the

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Speaker 12: place as to whether this retail sales.

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Speaker 11: Outcome is an anomaly, or maybe we aren't as.

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Speaker 2: Deep in the dolphins Christian was right after all, Maybe

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Speaker 2: we'll all have to apologize. Tell me, turners, they've got

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Speaker 2: to have a good news story. They always have a

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Speaker 2: good news story they do.

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Speaker 12: Actually, there was an absolute host of company announcement yesterday.

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Speaker 12: We can't cover them all, but let's have quick look

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Speaker 12: at some. Yeah, Turner's Automotive Group void of course by

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Speaker 12: the very well known tenor from Turner's campaign, issued a

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Speaker 12: profit guidance knows its yesterday going the right way upput guidance,

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Speaker 12: reaffirming the guidance they gave at the recent Angel shareholders meeting.

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Speaker 12: I love looking at Turner's look. It's been a great

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Speaker 12: twelve months for shareholders there share price that is up

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Speaker 12: fifty six percent MIC over the last twelve months.

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Speaker 11: How good is that?

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Speaker 12: So the twenty twenty six VERST half year expect to

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Speaker 12: be ten percent higher than the half year the corresponding

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Speaker 12: half year in twenty twenty five that was a record,

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Speaker 12: So another ten percent hind in the record strong growth

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Speaker 12: and finance book in the first four months.

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Speaker 11: Insurance going well.

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Speaker 12: They're confident their growth paand despite macro conditions remaining what

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Speaker 12: they call patchie, they're aiming to have a sixty five

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Speaker 12: million dollar net profit before tax in the twenty twenty

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Speaker 12: eight year and they are ahead good of that schedule.

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Speaker 2: Good on them. Steal and tube notts of flesh.

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Speaker 12: Now a tough year for them, macro conditions not being

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Speaker 12: conducive to steel demand. They've reported a twenty four point

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Speaker 12: four million dollar loss as the economic conditions being pointed

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Speaker 12: out as challenging. Revenue took a big hit, ninety three

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Speaker 12: million dollar hit to their revenue.

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Speaker 11: Actually, but they are trying to cut.

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Speaker 12: Costs in the background, and I thought it was the

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Speaker 12: CEO Mark Malpas said they are seeing early signs of recovery,

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Speaker 12: which is good, and expect activity to improve in the

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Speaker 12: twenty six financial year.

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Speaker 2: Scale's good though.

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Speaker 12: You gotta love this apples gazle posy apples. Yeah, let's

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Speaker 12: finish on a high, strong result. Their share price up

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Speaker 12: thirty four percent in the last twelf month. Actually, a

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Speaker 12: further lift in their guidance for the financial for the

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Speaker 12: final result of their twenty five financial year, fifty percent

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Speaker 12: increase in earnings. They're beating analyst expectations as it's all

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Speaker 12: coming out of the horse Belt division. They're developing these

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Speaker 12: new these new apple varieties and the premium varieties are

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Speaker 12: the ones that going well.

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Speaker 11: Absolutely wonderful result that m.

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Speaker 2: Right numbers please.

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Speaker 12: Yeah, So the US market just coming back from that

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Speaker 12: euphoria they got after after Jerome Powell intimated that they

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Speaker 12: could be looking at a change.

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Speaker 11: In montro positle some cuts in September.

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Speaker 12: The Dow Jones down two hundred seventy three points forty

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Speaker 12: five thousand, three hundred and fifty nine point six percent,

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Speaker 12: the S and P five hundred down nine points sixty

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Speaker 12: four five seven, and the NASDAK just slightly in positive territory,

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Speaker 12: up twenty.

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Speaker 11: Five points two one five two one.

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Speaker 12: The FORTSWO one hundred gains twelve points over night point

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Speaker 12: one three percent. The nick was up the point four

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Speaker 12: percent forty two thousand, eight hundred and seven. Checko Compasse

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Speaker 12: had a good day, actually up one and a half

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Speaker 12: percent three eight eight three.

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Speaker 11: The OSSI's Yesterday.

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Speaker 12: Gained five points eight nine seven to two, and the

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Speaker 12: Enzidex fifty game thirty seven points point two eight percent

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Speaker 12: thirty thousand, seventy nine Kiwi dollar point five eight five

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Speaker 12: nine against the US point nine O two too, Ossio

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Speaker 12: point five oh three zero, Euro point four three four

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Speaker 12: five against the pound eighty six point four to three.

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Speaker 12: Japanese Yen gold three thousand, three hundred and six seventy

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Speaker 12: two dollars and Brent Crude lifting up a little bit,

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Speaker 12: actually sixty eight dollars and ninety three.

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Speaker 2: Cents so tomorrow. But Andrew kellahe jomowealth dot co dot

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Speaker 2: m Z tasking Corus back into profit, will take that

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Speaker 2: they saw a possible pick up in the economy, but

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Speaker 2: not until early twenty twenty six some hope. In fact,

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Speaker 2: tourism holdings have had a tough old time with the

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Speaker 2: camp of vans and stuff like that. They say they

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Speaker 2: are back on the road to recovery as well, So

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Speaker 2: that's encouraging. And this time yesterday we're telling you about

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Speaker 2: the basketball card, the Kobe Bryant Michael Jordan card. Turns

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Speaker 2: out Kevin O'Leary, who's a very high profile investor, turns

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Speaker 2: out to be one of the buyers yesterday, one at

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Speaker 2: three buyers who paid the thirteen million dollars. He doesn't

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Speaker 2: think it'll be back on the market. In his one

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Speaker 2: time six twenty one reviews Talk.

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Speaker 1: Zed bet Wow, the Vike Asking Breakfast Full Show podcast

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Speaker 1: on iHeartRadio, Power by the News talks.

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Speaker 2: At be Mike ree the retail result, surely the high

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Speaker 2: food prices meant we spent more Andy Andrews that they

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Speaker 2: were inflation adjusted, so they do take all that into account.

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Speaker 2: So it's a genuine lift and spinning which will take Mike.

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Speaker 2: The really alarming thing is there are six hundred dumpy

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Speaker 2: doos on the terrace. You don't have the pulse of

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Speaker 2: the economy. This is back to the Reserve Bank, which

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Speaker 2: is true, Mike, take it easy on the ocr and

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Speaker 2: the Reserve Bank. We've got to get the adults back

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Speaker 2: in the room, all stuffed it up big time with

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Speaker 2: this radical cuts and prime primping. Yeah, but the problem

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Speaker 2: is the same people who were there with all are

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Speaker 2: still there now and they're actually running the place. By

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Speaker 2: the way, we've got the chair of the Reserve Bank

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Speaker 2: Neil Quickly and after seven o'clock this morning Spotify they're

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Speaker 2: going to raise their prices all over the world, So

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Speaker 2: if you think you're going to get away with that,

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Speaker 2: you're wrong. So music's going to get more expensive. And

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Speaker 2: that thing with the South Korean president we started with

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Speaker 2: this morning, there was some suggestion that it could get

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Speaker 2: a bit angsty, and Trump was busy jaw boning the

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Speaker 2: business of churches, but what he was actually after is

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Speaker 2: for South Korea to pay more for the military military

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Speaker 2: basis huge amount of money the South Korean's handover at

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Speaker 2: least a billion dollars Camp Humphreys. And this is all

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Speaker 2: to do with China and Taiwan in that particular part

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Speaker 2: of the world. Of course, it doesn't seem to have

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Speaker 2: been a problem. Things seem to have gone well.

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Speaker 1: Six twenty five trending now Warehouse, You're one start for

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Speaker 1: Father's Day fragrances.

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Speaker 2: Speaking of Asia. Chinese film. It's an animated film. It's

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Speaker 2: called Nijha too. You might have heard about. It's about

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Speaker 2: Chinese mythologist.

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Speaker 3: Immordel Mo Demon.

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Speaker 6: You are my Son's time to cut you down to nine.

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Speaker 2: He's not exactly your average kid.

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Speaker 5: She must be prayed to walk your own.

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Speaker 3: We will say my desday. Wait before you leave, will

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Speaker 3: you give your mama one must be houk.

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Speaker 2: Come on, come watching. This is the English language version.

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Speaker 2: Michelle Yo stars in. This came out in China and

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Speaker 2: January fifth highest grossing movie of all time, just behind Titanic.

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Speaker 2: Got a boost given a lot of school, state owned companies,

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Speaker 2: governing entities, et cetera organized group viewings because they saw

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Speaker 2: this as like a milestone for Chinese animation took a

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Speaker 2: month to pass Inside Out two as the world's highest

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Speaker 2: grossing animated film, also first non Hollywood film to go

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Speaker 2: past the two billion dollar marking global earnings. Most of

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Speaker 2: that came from China. And this is why this thing's

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Speaker 2: a story. Most of that money came from China. Only

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Speaker 2: twenty million dollars in the US because it was Chinese

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Speaker 2: and you got a small Chinese audience obviously, so they thought,

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Speaker 2: hold on, if we made this into English, could it

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Speaker 2: go Gangbusters? Yes at code. So it's in US cinemas,

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Speaker 2: It'll be in New Zealand cinemas as of this Thursday

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Speaker 2: four a quote unquote limited time only. Guess what I found?

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Speaker 2: Supply chain issues. There's the day back down memory lane

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Speaker 2: the COVID. Yet I've got supply chain issues at the port.

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Speaker 2: So I've got supply chain issues. What's going on there?

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Speaker 2: I got a report out on that this morning, So

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Speaker 2: lose some numbers for you, as I say, the Chairman

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Speaker 2: of the Reserve Bank with us after seven o'clock meantime.

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Speaker 2: Uses next.

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Speaker 1: The news and the newsmakers, the Mic Hosking Breakfast with Rainthrover,

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Speaker 1: leading by example, News Togsdad be.

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Speaker 2: Prime minister's got a problem. He wants to curtail the

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Speaker 2: spending and he doesn't know who's got the numbers in

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Speaker 2: the house, so he's going for a confidence vote. If

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Speaker 2: he fails, he loses government. So it's all on in

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Speaker 2: France this morning. Catherine Field with a shortly meantime back

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Speaker 2: here at twenty three to seven. What you might have

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Speaker 2: thought was a last from the past. We have supply

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Speaker 2: chain issues that our thoughts, for goodness say, crane rates

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Speaker 2: are stuck at twenty twelve levels, which undermines our target

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Speaker 2: to double exports by twenty thirty four. Obviously, Brent Pillervey

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Speaker 2: is the chair of the New Zealand Cargo Owners Council

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Speaker 2: and is with us. Brent, good morning to you.

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Speaker 13: Good morning, Mike.

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Speaker 2: What's going on here? I thought we'd sorted all this

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Speaker 2: out well.

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Speaker 14: Mike Here, As you probably know, there's more than four

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Speaker 14: hundred ports around the world, and New Zealand from a

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Speaker 14: productivity point of view, is in the bott of twenty percent.

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Speaker 14: The majority of our ports are congested and poor product

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Speaker 14: since twenty nineteen, but it did He's decline by up

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Speaker 14: to thirty percent and costs have gone up and things

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Speaker 14: are a mess.

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Speaker 2: Wow, they know all of this, And if I went

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Speaker 2: and talked to the heads of all these ports, they'd

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Speaker 2: understand that, and they'd say they're doing something about it

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Speaker 2: or not.

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Speaker 14: Yes, yes, they do know about it. Obviously Tarum has

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Speaker 14: been trying to do something about it for six years now.

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Speaker 15: It's still in court.

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Speaker 14: Isn't that a secondary It's it's pretty bad, Mike. I mean,

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Speaker 14: I think they've spent something night what twelve million dollars

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Speaker 14: so far has haven't done anything exactly.

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Speaker 2: What about the first track with the Auckland port. The

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Speaker 2: other day, they're going to be building left, right and centers,

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Speaker 2: all that stuff helping Well.

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Speaker 14: Well, well it kind of is it. But that's more,

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Speaker 14: as you know, to do with the cruise ships, not

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Speaker 14: so much the cargo ship.

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Speaker 2: Well, I thought the cranes and one of the wolves

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Speaker 2: were going to be able to go up and down.

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Speaker 2: It was going to be a new tomorrow.

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Speaker 14: Well, Mike, I've got an Auckland. I've got eight cranes.

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Speaker 14: You really see more than four working in Often you

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Speaker 14: go down the port, you see one crane working one

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Speaker 14: ship on the berth. But they had four cranes. We're

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Speaker 14: going they be about seventy five percent faster.

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Speaker 2: So why aren't we Why aren't we running the country?

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Speaker 2: Brent doesn't sound that hard to make. You just get

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Speaker 2: all the cranes working all the time.

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Speaker 14: Oh, that's that'd be a good point. But what we

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Speaker 14: think we need to do is actually have a reset.

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Speaker 14: We're talking to the government. We're saying we need to

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Speaker 14: have a hub and spoke model around the ports. The

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Speaker 14: hub is actually big deep sea ports that are really efficient,

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Speaker 14: and the spoke with the small ports moving cargo to

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Speaker 14: those large ports and have to be done by coastal shipping.

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Speaker 14: We'd have to be hand in hand of rail and road.

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Speaker 14: I mean you've probably noticed that there's been some good

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Speaker 14: work done at rail, they've had a bit of a reset.

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Speaker 14: But to go to the next level for rail, they

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Speaker 14: need volume that will drive efficiencies and costs.

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Speaker 2: Do you reckon that's going to happen? Is it possible?

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Speaker 14: Well, it has to might. We think we've got five

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Speaker 14: years to go before we're really in trouble, and it's

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Speaker 14: five years to get the infrastructure right. We met the

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Speaker 14: government last week in a fact and we said them

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Speaker 14: the first thing that we need is data. We need

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Speaker 14: good data. We don't need you understand what cargo is

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Speaker 14: moving where and how, and so we need to have

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Speaker 14: really good data about that stuff. And then we need

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Speaker 14: to put a strategic leans across the whole supply chain

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Speaker 14: that's from farmgate or forest gate through to the port.

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Speaker 2: We sound like we're stuck in another in a time warp.

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Speaker 15: Well we kind of are.

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Speaker 14: I mean automation SAKEI I know that that's filed in Auckland.

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Speaker 14: I don't know what they're a model norm. But then

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Speaker 14: if you look at someone who liked Singapore, that's so good,

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Speaker 14: almost in a different planet.

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Speaker 2: How many people get on your Britt nice to talk

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Speaker 2: to your brit for Felby is the chair of the

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Speaker 2: New Zealand Cargo Owners Council. How many people have come

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Speaker 2: on this program? Forget all the times I've said it,

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Speaker 2: but how many people have come on this program said

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Speaker 2: I'll tell you what. If you look at Singapore, it's

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Speaker 2: almost like another planet. So small island nation, five million people?

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Speaker 2: God can it be?

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Speaker 1: Nineteen to two the Mike Asking Breakfast Full Show podcast

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Speaker 1: on I had radio powered by News.

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Speaker 2: Talks it be now I got the official invitation to

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Speaker 2: celebrate twenty five. Incredible years at Sadima Hotels, so for

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Speaker 2: a week only, listened to this a good deal. For

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Speaker 2: a week only, you can check in to endo the

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Speaker 2: party with one of one hundred rooms for just twenty

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Speaker 2: save twenty five percent on your next day so you

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Speaker 2: can celebrate with them. Enjoy the big savings of one

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Speaker 2: of the New Zealand's most awarded hotel brands. From the

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Speaker 2: warm welcome to the comfy bed waiting at the end

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Speaker 2: things make the difference. They believe every moment counts when

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Speaker 2: Looked at Kaikua, the sat Beautiful Hotel, beautiful views of

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Speaker 2: the water, Christchurch and Queenstown. There's a Sadema hotel perfectly

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Speaker 2: placed for your next adventure. But you got to be

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Speaker 2: quick because the celebration ends Monday unless sold out earlier,

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Speaker 2: which are probably going to be Actually, because you're celebrating

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Speaker 2: twenty five years, one hundred rooms at twenty five bucks

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Speaker 2: and twenty five percent off your next day. So booked

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Speaker 2: by the first of September at Sadema Hotels dot com.

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Speaker 2: Pasky Bonnie might red tape holds productivity back in this country.

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Speaker 2: That's probably applicable everywhere. To be fed. Mike, it's simple,

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Speaker 2: is it? It's never simple, is it? You either have

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Speaker 2: a growth mindset or a fixed mindset. What do you

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00:20:05,520 --> 00:20:07,760
Speaker 2: think New Zealand sits? It's a fair point. Union's Mike,

437
00:20:07,840 --> 00:20:10,080
Speaker 2: that's who's destroying efficiency. You got to stop for the Kappa.

438
00:20:10,320 --> 00:20:11,920
Speaker 2: By the way, if it makes you feel any better

439
00:20:12,000 --> 00:20:14,440
Speaker 2: this morning, we are the third safest country in the world.

440
00:20:14,760 --> 00:20:17,080
Speaker 2: They looked at one hundred and sixty three countries. This

441
00:20:17,200 --> 00:20:20,000
Speaker 2: is the Institute of Economic and Pieces Global Piece Index,

442
00:20:20,080 --> 00:20:23,280
Speaker 2: the GPI. We've gone from fifth to third, so we're

443
00:20:23,320 --> 00:20:26,840
Speaker 2: on the up. What do they look at societal safety, security,

444
00:20:27,240 --> 00:20:31,639
Speaker 2: domestic international conflict, degree of militarization. Well, we haven't had

445
00:20:31,680 --> 00:20:33,720
Speaker 2: a military up until now, so that's worked probably in

446
00:20:33,800 --> 00:20:35,680
Speaker 2: our favor. You want to go ten through one, even

447
00:20:35,680 --> 00:20:38,520
Speaker 2: though Katie says lists of tenor boring radio. Let's go

448
00:20:38,680 --> 00:20:44,760
Speaker 2: ten through one Finland, Slovenia, Denmark, Portugal, Singapore. Ha we

449
00:20:44,920 --> 00:20:49,840
Speaker 2: beat Singapore. There you go, Switzerland, Austria, New Zealand, Ireland

450
00:20:50,000 --> 00:20:53,440
Speaker 2: and Iceland. So Scandinavians again six forty.

451
00:20:53,240 --> 00:20:57,560
Speaker 1: Five International correspondence with ends in eye insurance peace of

452
00:20:57,640 --> 00:20:59,399
Speaker 1: mind for New Zealand business France.

453
00:20:59,480 --> 00:21:01,320
Speaker 2: We're going from feel the very good morning to you

454
00:21:02,240 --> 00:21:05,320
Speaker 2: good morning mate. Now I was disprite. Who was the

455
00:21:05,320 --> 00:21:08,760
Speaker 2: bloke who was there before Bayeru, well known guy Bull.

456
00:21:10,400 --> 00:21:10,920
Speaker 1: Michel Ban.

457
00:21:11,320 --> 00:21:13,439
Speaker 2: Yeah, so he couldn't do it. Is by We're going

458
00:21:13,480 --> 00:21:14,880
Speaker 2: to do it. I mean he wants. All he wants

459
00:21:14,920 --> 00:21:17,119
Speaker 2: to do is have France pay their way. He doesn't

460
00:21:17,240 --> 00:21:19,080
Speaker 2: know if he's got the numbers. Does he have the numbers?

461
00:21:20,480 --> 00:21:23,359
Speaker 4: Looks difficult, Mike, Yeah, this is the French Prime Minister

462
00:21:23,480 --> 00:21:25,760
Speaker 4: from Bajo just a couple of hours ago announced that

463
00:21:25,880 --> 00:21:29,600
Speaker 4: he's going to He's recalling parliament early, which isn't of course,

464
00:21:29,680 --> 00:21:31,960
Speaker 4: going to get MPs very happy when they have to

465
00:21:32,000 --> 00:21:35,119
Speaker 4: come back from this summer break two weeks early to

466
00:21:35,320 --> 00:21:39,520
Speaker 4: cast a confidence vote. Now, this specially convinced parliamentary session

467
00:21:39,800 --> 00:21:43,640
Speaker 4: is solely for a confidence vote on the budget. Because

468
00:21:43,640 --> 00:21:46,680
Speaker 4: we've spoken about this before, Mike. He needs to slash

469
00:21:47,520 --> 00:21:52,640
Speaker 4: around eighty seven billion new Zealand dollars off next year's budgets.

470
00:21:53,320 --> 00:21:53,840
Speaker 15: How do you do that?

471
00:21:53,920 --> 00:21:56,119
Speaker 4: I mean, he says by doing that, all he's going

472
00:21:56,200 --> 00:21:58,320
Speaker 4: to be doing is bringing the budget deficit down to

473
00:21:58,359 --> 00:22:00,000
Speaker 4: about four point six percent.

474
00:21:59,800 --> 00:22:01,600
Speaker 13: Of from five point eight.

475
00:22:02,359 --> 00:22:04,360
Speaker 4: It's still not going to go all the way, is it, Mike.

476
00:22:05,200 --> 00:22:09,320
Speaker 4: But that particular date of eighth of September is you

477
00:22:09,359 --> 00:22:11,080
Speaker 4: know one thing he's trying to do. He's trying to

478
00:22:11,119 --> 00:22:14,000
Speaker 4: bring the debate back into Parliament rather than on the streets,

479
00:22:14,040 --> 00:22:16,520
Speaker 4: which is usually where the French like to have these debates.

480
00:22:17,240 --> 00:22:20,040
Speaker 4: Because there's a nationwide shut down plan for the tenth

481
00:22:20,119 --> 00:22:23,800
Speaker 4: of September, so he's trying to sort of avoid that.

482
00:22:24,080 --> 00:22:26,600
Speaker 4: Doesn't look good from No Mic because the opposition parties

483
00:22:26,720 --> 00:22:29,240
Speaker 4: have said already they're going to vote this down, which

484
00:22:29,359 --> 00:22:33,440
Speaker 4: means we may have a new prime minister. You know

485
00:22:33,640 --> 00:22:34,920
Speaker 4: this is a calculated rest.

486
00:22:35,119 --> 00:22:38,159
Speaker 2: Ask me, well, answer me some simple questions. The EU limited,

487
00:22:38,160 --> 00:22:40,119
Speaker 2: it's so you say four point seven, it's five point eight.

488
00:22:40,200 --> 00:22:42,440
Speaker 2: Bring it down to four point seven. The EU limit,

489
00:22:42,600 --> 00:22:44,879
Speaker 2: the limit that you've signed up to is three percent.

490
00:22:46,200 --> 00:22:50,000
Speaker 4: That is right, Mike Cande to one hundred percent?

491
00:22:50,119 --> 00:22:50,399
Speaker 15: Right on.

492
00:22:52,200 --> 00:22:53,800
Speaker 2: Going above what you've signed up to.

493
00:22:53,920 --> 00:22:56,760
Speaker 4: Then you said, this is where it helps that you're

494
00:22:56,800 --> 00:22:58,960
Speaker 4: one of the founding members. Mike, you've got to be

495
00:22:59,040 --> 00:23:01,840
Speaker 4: there at the start. You've got Biggie clout and let's

496
00:23:01,880 --> 00:23:04,760
Speaker 4: not forget the EUS started with France and Germany. But

497
00:23:05,359 --> 00:23:08,480
Speaker 4: it is in their mind the fact of Greece. You know,

498
00:23:08,520 --> 00:23:11,879
Speaker 4: you remember when Greece almost went bankrupt. That has actually

499
00:23:11,960 --> 00:23:15,480
Speaker 4: focused people's minds, which is you have to do something

500
00:23:15,520 --> 00:23:18,040
Speaker 4: about this budget. And you're up into the last couple

501
00:23:18,080 --> 00:23:21,160
Speaker 4: of years. Manual Macron, the president has been saying, look,

502
00:23:21,520 --> 00:23:23,760
Speaker 4: we've got to spend a lot on defense. That's where

503
00:23:23,840 --> 00:23:26,560
Speaker 4: the money is going. But now people have started looking

504
00:23:26,600 --> 00:23:29,080
Speaker 4: at other things, like, you know, why is the government

505
00:23:29,119 --> 00:23:32,720
Speaker 4: paying two hundred thousand euros a year for former foreign

506
00:23:32,800 --> 00:23:36,679
Speaker 4: minister and one time your presidential hope for Dominic de Vilpa.

507
00:23:36,840 --> 00:23:39,320
Speaker 4: Why spend that much money? A former prime ministers get

508
00:23:39,480 --> 00:23:42,720
Speaker 4: huge amounts of money. They're looking around for that, saying, now,

509
00:23:43,080 --> 00:23:45,560
Speaker 4: maybe go and look elsewhere. The other thing he's doing

510
00:23:45,640 --> 00:23:48,239
Speaker 4: by who wants to scrap two public holidays? Get if

511
00:23:48,280 --> 00:23:52,800
Speaker 4: I'm working on on Easter Monday and on assumption that

512
00:23:53,000 --> 00:23:55,640
Speaker 4: holiday that very few countries have in the middle of August.

513
00:23:56,640 --> 00:23:59,239
Speaker 2: Well, good luck to him. Macron's going to run out

514
00:23:59,280 --> 00:24:01,640
Speaker 2: of people to be minister if this doesn't work, isn't.

515
00:24:01,440 --> 00:24:04,720
Speaker 4: He Well it really is not a job that you

516
00:24:04,800 --> 00:24:07,520
Speaker 4: want to have in France. Really it's subject to seat

517
00:24:07,560 --> 00:24:10,520
Speaker 4: if you want to make your name stick mostly as

518
00:24:10,560 --> 00:24:13,120
Speaker 4: a minister and look like a safe beair of hands there.

519
00:24:13,480 --> 00:24:14,280
Speaker 2: Now, what are you doing?

520
00:24:14,359 --> 00:24:14,479
Speaker 15: See?

521
00:24:14,560 --> 00:24:16,000
Speaker 2: It seems to be the whole world at the moment.

522
00:24:16,040 --> 00:24:18,200
Speaker 2: New Zealand post is stopped. I know some of the

523
00:24:18,280 --> 00:24:21,440
Speaker 2: other European countries like the UK stopping, So sending the

524
00:24:21,520 --> 00:24:25,720
Speaker 2: stuff to America parcels is the dominimus thing? Do people

525
00:24:25,760 --> 00:24:26,640
Speaker 2: know what's going on here?

526
00:24:28,320 --> 00:24:31,000
Speaker 4: All people know at the moment is that from the

527
00:24:31,080 --> 00:24:35,560
Speaker 4: twenty ninth of August, the tax exemption on goods costing

528
00:24:35,720 --> 00:24:40,280
Speaker 4: lesson eight hundred US dollars will be abolished, So anything

529
00:24:40,440 --> 00:24:43,520
Speaker 4: turning up on the US post after that date will

530
00:24:43,560 --> 00:24:46,359
Speaker 4: be subject to possibly around fifteen percent tariffs.

531
00:24:47,000 --> 00:24:48,600
Speaker 2: What we've got now is what we've got.

532
00:24:48,640 --> 00:24:52,639
Speaker 4: We've got France, Germany, Spain, Italy, Belgium, Sweden, Denmark and

533
00:24:52,880 --> 00:24:55,159
Speaker 4: from tomorrow Austria and the UK are just going to

534
00:24:55,240 --> 00:24:59,680
Speaker 4: stop accepting posts that includes merchandise worthing over one hundred

535
00:24:59,720 --> 00:25:02,439
Speaker 4: dollars to be sent to the US. Now, what they

536
00:25:02,560 --> 00:25:05,560
Speaker 4: say is that, yes, it's been all very well to

537
00:25:05,680 --> 00:25:09,639
Speaker 4: have abolish this tax exemption, but they are saying that

538
00:25:09,760 --> 00:25:12,920
Speaker 4: the custom Service in the US has not put in

539
00:25:13,119 --> 00:25:16,480
Speaker 4: a new system which would be able to comply with

540
00:25:16,560 --> 00:25:20,560
Speaker 4: this is essentially to collect money, and without this system

541
00:25:21,119 --> 00:25:23,840
Speaker 4: to collect these duties, it's just a waste of time

542
00:25:23,920 --> 00:25:24,679
Speaker 4: the I'm sending anything.

543
00:25:24,840 --> 00:25:26,600
Speaker 2: It's almost like Trump made it up on the spot

544
00:25:26,640 --> 00:25:29,600
Speaker 2: and didn't really think about the ramifications, isn't it when

545
00:25:29,640 --> 00:25:31,879
Speaker 2: you call for military reservists in France or are there

546
00:25:31,880 --> 00:25:33,560
Speaker 2: a lot of people sitting there going, oh, thank God

547
00:25:33,600 --> 00:25:35,480
Speaker 2: for that, I wish I could be a military reservist

548
00:25:35,600 --> 00:25:37,679
Speaker 2: or not they are indeed.

549
00:25:37,760 --> 00:25:39,520
Speaker 4: I mean, let's just look, first couple of months of

550
00:25:39,560 --> 00:25:44,360
Speaker 4: twenty twenty five, twelve thousand reservers came forward for training.

551
00:25:44,520 --> 00:25:46,800
Speaker 4: That's the same as the whole of twenty twenty four.

552
00:25:47,240 --> 00:25:49,560
Speaker 4: What they need by they're looking to get up to

553
00:25:49,680 --> 00:25:52,760
Speaker 4: one hundred and twenty thousand reservers by twenty thirty five.

554
00:25:52,920 --> 00:25:56,879
Speaker 4: That would bring in what there'd be one reserves for

555
00:25:56,880 --> 00:26:01,960
Speaker 4: every two active service personnel. We're now starting to see this.

556
00:26:02,240 --> 00:26:04,800
Speaker 4: We're starting to see what Emmanuel Macron said at the

557
00:26:04,840 --> 00:26:08,679
Speaker 4: start this year that not only do you upgrade your

558
00:26:09,920 --> 00:26:13,399
Speaker 4: active units, but you also upgrade your reservers. So what

559
00:26:13,520 --> 00:26:17,080
Speaker 4: they're particularly looking at is bringing in mostly young people

560
00:26:17,760 --> 00:26:19,880
Speaker 4: in key DOMAIDS and that is the one that we're

561
00:26:19,920 --> 00:26:25,000
Speaker 4: hearing all the time about now. Drones, drone technology, information technology,

562
00:26:25,400 --> 00:26:27,840
Speaker 4: and that's what they're looking for, as well as logistics

563
00:26:28,040 --> 00:26:31,560
Speaker 4: and cyber and that had quite a few camps over

564
00:26:31,600 --> 00:26:34,240
Speaker 4: the summer. You know, people in their late teens, early

565
00:26:34,320 --> 00:26:37,320
Speaker 4: twenties who've done this two week training course and in

566
00:26:37,480 --> 00:26:41,400
Speaker 4: return they will be signing up for to be volunteers

567
00:26:41,480 --> 00:26:44,880
Speaker 4: from the Civil Society for between one and six years.

568
00:26:44,960 --> 00:26:47,840
Speaker 4: They'll stay in the army for between ten to sixty

569
00:26:47,920 --> 00:26:48,440
Speaker 4: days a year.

570
00:26:48,640 --> 00:26:50,600
Speaker 2: You have a fabulous weekketch. We catch up next week.

571
00:26:50,600 --> 00:26:52,639
Speaker 2: Appreciate it. By the way, the only thing happening that

572
00:26:52,680 --> 00:26:55,680
Speaker 2: part of the world of note this morning, Charles Kushner,

573
00:26:56,359 --> 00:26:57,840
Speaker 2: You go, do I know that name? Yes, you do.

574
00:26:57,960 --> 00:27:00,560
Speaker 2: He's Jared's dad. Anyway, he's the ambassad and France. He

575
00:27:00,600 --> 00:27:03,320
Speaker 2: said a few things about France being anti Semitic, France

576
00:27:03,359 --> 00:27:05,760
Speaker 2: didn't like it, so they called them in not but

577
00:27:05,840 --> 00:27:07,399
Speaker 2: that will make any difference. But that's what they do

578
00:27:07,440 --> 00:27:10,439
Speaker 2: in diplomatic circles. Nine Away from seven the make Hosking

579
00:27:10,600 --> 00:27:14,480
Speaker 2: Breakfast with Bailey's real estate news dogs. I'm just being

580
00:27:14,560 --> 00:27:19,320
Speaker 2: WhatsApp bombed by my daughter photos of Ferraris in the

581
00:27:19,400 --> 00:27:23,159
Speaker 2: car park of her hotel. And she's at a hotel

582
00:27:23,240 --> 00:27:26,719
Speaker 2: in the Italian country side. And she's at a hotel

583
00:27:26,760 --> 00:27:30,479
Speaker 2: in the Italian country side on holiday before she starts

584
00:27:30,480 --> 00:27:33,359
Speaker 2: her new job in London. So lead one job. You

585
00:27:33,480 --> 00:27:36,520
Speaker 2: have a nice holiday through Europe, you send your dad

586
00:27:36,640 --> 00:27:39,040
Speaker 2: some photos of Ferraris in your flash hotel car park

587
00:27:39,080 --> 00:27:42,000
Speaker 2: before you start your flash new job in London. And

588
00:27:42,119 --> 00:27:43,920
Speaker 2: she's twenty four and I'm.

589
00:27:44,880 --> 00:27:47,359
Speaker 16: Sitting here, sitting here, you can go down and look

590
00:27:47,359 --> 00:27:48,640
Speaker 16: at my Ford Puma if you want.

591
00:27:50,400 --> 00:27:52,960
Speaker 2: Five away from seven, all.

592
00:27:52,840 --> 00:27:54,119
Speaker 3: The ins and the outs.

593
00:27:54,440 --> 00:27:58,480
Speaker 1: It's the fizz with business favor take your business productivity

594
00:27:58,600 --> 00:27:59,520
Speaker 1: to the next level.

595
00:28:00,080 --> 00:28:02,160
Speaker 2: She's swallowing around Europe. Back here in the real world.

596
00:28:02,520 --> 00:28:05,880
Speaker 2: As Andrew told the spending is up for well both

597
00:28:05,960 --> 00:28:08,480
Speaker 2: monthly and four year on year. Not huge, not huge,

598
00:28:08,560 --> 00:28:11,080
Speaker 2: but it's in the right direction. Nevertheless, but the old

599
00:28:11,160 --> 00:28:14,000
Speaker 2: discretionary that's a bit of an issue, and not a

600
00:28:14,080 --> 00:28:16,840
Speaker 2: lot of screams discretionary more than diamonds. So Michael Hill

601
00:28:16,880 --> 00:28:19,280
Speaker 2: International came for the party yesterday's sort of. So year

602
00:28:19,320 --> 00:28:21,080
Speaker 2: to June they've got revenue of six hundred and forty

603
00:28:21,119 --> 00:28:24,120
Speaker 2: three million dollars. Now that's down one point two million

604
00:28:24,160 --> 00:28:27,359
Speaker 2: on last year record goal prices. They've stocked piled a

605
00:28:27,400 --> 00:28:29,560
Speaker 2: lot of goal so I'm assuming running that out at

606
00:28:29,600 --> 00:28:32,159
Speaker 2: old money. But here's where we stand out. This is

607
00:28:32,240 --> 00:28:35,400
Speaker 2: our problem. So New Zealand sales are down five point

608
00:28:35,440 --> 00:28:39,640
Speaker 2: five percent. Canada sales, though, are up four point four percent,

609
00:28:39,760 --> 00:28:41,880
Speaker 2: So the gap between and up four point four and

610
00:28:41,920 --> 00:28:45,240
Speaker 2: a down five point five that's big. So that tells

611
00:28:45,280 --> 00:28:48,160
Speaker 2: you something about their economy versus ours. Australia, are they up, yes,

612
00:28:48,240 --> 00:28:52,280
Speaker 2: they are one point two percent, so the trend is continuing.

613
00:28:52,320 --> 00:28:54,560
Speaker 2: In the first seven weeks of this current financial year,

614
00:28:54,880 --> 00:28:57,240
Speaker 2: Canada same sotore sales are up six point eight percent,

615
00:28:57,280 --> 00:28:59,680
Speaker 2: so they're going gangbuster. Something's happening in Canada, their loving

616
00:28:59,720 --> 00:29:02,640
Speaker 2: life Canada. Australia is up three point four percent, but

617
00:29:02,720 --> 00:29:05,480
Speaker 2: we're still down three point two so there's once again,

618
00:29:05,520 --> 00:29:07,920
Speaker 2: look at the gap. We're down three point two versus

619
00:29:08,040 --> 00:29:12,680
Speaker 2: Canada uposite. I mean, it's a ten percent swing on diamonds,

620
00:29:13,600 --> 00:29:18,240
Speaker 2: so it's our funk. I blame Christian, still blaming Christian.

621
00:29:19,400 --> 00:29:21,520
Speaker 2: Digital sales are up six percent. They brought in more

622
00:29:21,520 --> 00:29:23,000
Speaker 2: than fifty million dollars for the first time.

623
00:29:23,040 --> 00:29:23,400
Speaker 5: You're buying.

624
00:29:23,480 --> 00:29:26,720
Speaker 2: If you're buying your diamond ring digitally, of course you're not.

625
00:29:27,480 --> 00:29:29,200
Speaker 2: They had to close some stores as well, so they

626
00:29:29,280 --> 00:29:31,240
Speaker 2: started the year with three hundred. They finished the financial

627
00:29:31,360 --> 00:29:34,080
Speaker 2: year two hundred and eighty seven. We wish them lightly,

628
00:29:34,160 --> 00:29:36,560
Speaker 2: wish every other business in this country all. The very

629
00:29:36,640 --> 00:29:39,400
Speaker 2: best part of that equation is, of course, the aforementioned

630
00:29:39,440 --> 00:29:43,520
Speaker 2: Reserve Bank. The government will be pleased because yesterday they announced,

631
00:29:43,520 --> 00:29:46,360
Speaker 2: and Luxem alluded to it on the program yesterday, that

632
00:29:46,480 --> 00:29:49,240
Speaker 2: they're amending the amount of money that retail banks have

633
00:29:49,360 --> 00:29:52,280
Speaker 2: to hold. This was an Adrian or invention, but Adrian's gone.

634
00:29:52,640 --> 00:29:54,760
Speaker 2: So the chair Neil quickly is with us directly after

635
00:29:54,800 --> 00:29:57,400
Speaker 2: seven o'clock, and if you love your supercars, Mark Winterbottom,

636
00:29:57,440 --> 00:30:00,360
Speaker 2: one of the great frosting is with us after eighteen.

637
00:30:01,960 --> 00:30:05,040
Speaker 1: The only report you need to start your day the

638
00:30:05,280 --> 00:30:10,440
Speaker 1: mic costing breakfast with Bailey's real estate altogether better across residential,

639
00:30:10,520 --> 00:30:11,720
Speaker 1: commercial and rural.

640
00:30:11,840 --> 00:30:12,840
Speaker 3: News talks head been in.

641
00:30:12,920 --> 00:30:14,840
Speaker 2: Seven past seven, So change a plan for the Reserve

642
00:30:14,880 --> 00:30:17,640
Speaker 2: Bank will have new rules run capital levels for retail banks.

643
00:30:17,720 --> 00:30:19,520
Speaker 2: This is how much they have to set aside just

644
00:30:19,720 --> 00:30:21,880
Speaker 2: in case. The argument from the government and the banks is,

645
00:30:21,920 --> 00:30:24,720
Speaker 2: of course it's set too high, therefore it constrains growth.

646
00:30:24,800 --> 00:30:27,080
Speaker 2: Neil Quigley is the Reserve Bank Board chairing us with us.

647
00:30:27,120 --> 00:30:30,240
Speaker 2: Neil morning, Good morning, Mike. Were you brought to this

648
00:30:30,360 --> 00:30:31,240
Speaker 2: kicking and screaming?

649
00:30:32,920 --> 00:30:32,960
Speaker 4: No.

650
00:30:33,880 --> 00:30:36,840
Speaker 17: Several elements of this were reviews that we had planned

651
00:30:37,200 --> 00:30:40,760
Speaker 17: for some time and they reflect the fact that with

652
00:30:41,000 --> 00:30:45,160
Speaker 17: the passage of the twenty twenty three Deposit Takers Act,

653
00:30:45,800 --> 00:30:50,280
Speaker 17: the Bank was getting new supervision and crisis management powers.

654
00:30:50,720 --> 00:30:53,440
Speaker 17: And of course the offset for us having greater powers

655
00:30:53,440 --> 00:30:56,960
Speaker 17: than the regulatory frame potentially is that we need the

656
00:30:57,040 --> 00:30:59,440
Speaker 17: banks to hold less capital as a result, And.

657
00:30:59,560 --> 00:31:01,480
Speaker 2: So when we saille's capital, how much less and when

658
00:31:01,520 --> 00:31:02,240
Speaker 2: do we know the number?

659
00:31:03,760 --> 00:31:07,000
Speaker 17: Well, we're in a consultation process and we've offered up

660
00:31:07,400 --> 00:31:11,800
Speaker 17: two different options, one which would increase the total loss

661
00:31:11,840 --> 00:31:15,680
Speaker 17: absorbing capacity in the system and take some of the

662
00:31:15,760 --> 00:31:19,960
Speaker 17: pressure of the most expensive forms of capital for the banks.

663
00:31:20,520 --> 00:31:24,520
Speaker 17: So it'll be late in the year before we have

664
00:31:24,600 --> 00:31:25,440
Speaker 17: a final decision.

665
00:31:25,560 --> 00:31:27,800
Speaker 2: Having had you guys on before, and having had retail

666
00:31:27,880 --> 00:31:30,560
Speaker 2: banks on many time, never the twain shall meet. It

667
00:31:30,720 --> 00:31:32,800
Speaker 2: is your fault that they can't do more in their

668
00:31:32,840 --> 00:31:34,440
Speaker 2: margins are so high, true or.

669
00:31:34,440 --> 00:31:41,000
Speaker 17: Not, well, we don't expect that this review will result

670
00:31:41,160 --> 00:31:45,000
Speaker 17: in big changes in pricing. It may have some impact,

671
00:31:45,840 --> 00:31:51,440
Speaker 17: but of course our main mandate is to focus on

672
00:31:52,040 --> 00:31:55,040
Speaker 17: stability in the financial system, and we need to have

673
00:31:55,360 --> 00:31:58,520
Speaker 17: regard to that above all other consideration.

674
00:31:58,680 --> 00:32:01,640
Speaker 2: Didn't the GFC in COVID tell us the banks to find.

675
00:32:03,600 --> 00:32:08,240
Speaker 17: The GFC, and COVID told us a lot about the

676
00:32:08,320 --> 00:32:12,360
Speaker 17: ways in which problems can arise in the financial system internationally.

677
00:32:12,920 --> 00:32:16,000
Speaker 17: And the problem with each past crisis is that the

678
00:32:16,120 --> 00:32:18,560
Speaker 17: next one will never look exactly the same as the

679
00:32:18,640 --> 00:32:19,080
Speaker 17: last one.

680
00:32:19,240 --> 00:32:22,120
Speaker 2: But in both they did fine, they did more than fine.

681
00:32:22,160 --> 00:32:23,400
Speaker 2: Their rolling in low.

682
00:32:24,800 --> 00:32:27,760
Speaker 17: Well, they did fine in those cases for a variety

683
00:32:27,800 --> 00:32:31,520
Speaker 17: of reasons. So in this case, though, we think it

684
00:32:31,680 --> 00:32:36,760
Speaker 17: is important that we maintain a print level of capitalization,

685
00:32:37,200 --> 00:32:40,440
Speaker 17: particularly for our systemically important banking institutions.

686
00:32:40,560 --> 00:32:44,160
Speaker 2: When you see something change, for example, in the rural sector,

687
00:32:45,120 --> 00:32:47,480
Speaker 2: the retail bank will see the rural sector with something

688
00:32:47,560 --> 00:32:49,320
Speaker 2: slightly different now because of your changes.

689
00:32:50,320 --> 00:32:53,040
Speaker 17: Well, one of the implications of what we're doing is

690
00:32:53,120 --> 00:32:57,680
Speaker 17: that we're reviewing the individual loan category risk weights as well,

691
00:32:58,520 --> 00:33:01,360
Speaker 17: and that may well have an impact on some pricing

692
00:33:02,000 --> 00:33:06,760
Speaker 17: in different categories, particularly for the lower risk loans. In

693
00:33:06,880 --> 00:33:11,720
Speaker 17: each category, such as rural or housing lending. You might

694
00:33:11,800 --> 00:33:15,640
Speaker 17: see some impact on pricing, but across the board it

695
00:33:16,400 --> 00:33:19,000
Speaker 17: is unlikely to be more than about five percent.

696
00:33:19,160 --> 00:33:21,360
Speaker 2: Okay, I'm reading while I gotcha. I was reading yesterday

697
00:33:21,360 --> 00:33:24,560
Speaker 2: about your expansion in the Auckland real estate market. Do

698
00:33:24,640 --> 00:33:26,680
Speaker 2: you need all that space now you're laying people off.

699
00:33:28,240 --> 00:33:31,560
Speaker 17: Well, we do need the space because we have some

700
00:33:31,680 --> 00:33:36,200
Speaker 17: problems with our building at Number two the terrace, and secondly,

701
00:33:37,000 --> 00:33:40,920
Speaker 17: our expansion in staffing is likely to be focused on

702
00:33:41,080 --> 00:33:44,680
Speaker 17: Auckland because that's where the institutions that we need to

703
00:33:44,760 --> 00:33:46,560
Speaker 17: regulate are mostly located.

704
00:33:47,440 --> 00:33:48,200
Speaker 15: So we see some.

705
00:33:48,320 --> 00:33:52,760
Speaker 17: Expansion in the Auckland space. The need potentially to decant

706
00:33:52,840 --> 00:33:55,440
Speaker 17: some of our space at number to the terrace in

707
00:33:55,480 --> 00:33:58,760
Speaker 17: the future to deal with some remediation issues for the

708
00:33:58,840 --> 00:34:01,440
Speaker 17: building That's why I was gone in that direction.

709
00:34:01,600 --> 00:34:03,400
Speaker 2: Okay, how close are you to a new governor?

710
00:34:05,600 --> 00:34:09,000
Speaker 17: Well, we're well down the track with the process, and

711
00:34:09,600 --> 00:34:12,200
Speaker 17: so I doubt that you'll be kept waiting for too long.

712
00:34:12,080 --> 00:34:13,040
Speaker 2: Line days, weeks?

713
00:34:16,280 --> 00:34:16,920
Speaker 17: Where are we now?

714
00:34:17,400 --> 00:34:17,960
Speaker 15: Weeks yet?

715
00:34:18,400 --> 00:34:20,799
Speaker 2: All right, nice to talk to you. Slightly awkward there

716
00:34:20,800 --> 00:34:23,279
Speaker 2: from mom, didn't it? Neil Quigley, the Chairman of the

717
00:34:23,320 --> 00:34:26,600
Speaker 2: Reserve Bank. Eleven minutes past seven. We'll come back to

718
00:34:26,680 --> 00:34:29,320
Speaker 2: that reference to the real estate. You won't know about it,

719
00:34:29,360 --> 00:34:30,879
Speaker 2: because why would you. But there's a lot of money

720
00:34:30,960 --> 00:34:33,520
Speaker 2: being spent on office accommodation for the Reserve Bank. But

721
00:34:33,600 --> 00:34:34,960
Speaker 2: let me come back to that in the moment. Meantime,

722
00:34:35,000 --> 00:34:38,319
Speaker 2: you're report into our retirement readiness. There's a concern over

723
00:34:38,320 --> 00:34:40,440
Speaker 2: the growing gap between the self employed and the employee.

724
00:34:40,560 --> 00:34:42,480
Speaker 2: So what we got is forty four percent of the

725
00:34:42,520 --> 00:34:44,439
Speaker 2: self employed contribute to keyp We say, but not many,

726
00:34:45,040 --> 00:34:47,120
Speaker 2: especially when you compare it to the seventy eight percent

727
00:34:47,200 --> 00:34:50,080
Speaker 2: of employees. Jane writsen is of course the Retirement Commissioner

728
00:34:50,160 --> 00:34:53,120
Speaker 2: anders with us, Jane, morning to you, Good morning, mat

729
00:34:53,560 --> 00:34:55,800
Speaker 2: Do we have good data on this? Is that gap widening?

730
00:34:55,880 --> 00:34:56,279
Speaker 2: What do we know?

731
00:34:57,560 --> 00:34:59,600
Speaker 15: This is the first time we've managed to throw it altogether.

732
00:35:01,040 --> 00:35:03,000
Speaker 15: It hasn't been any data before. So we've pulled together

733
00:35:03,160 --> 00:35:07,719
Speaker 15: some information from the Henry people, who have a really

734
00:35:07,840 --> 00:35:12,000
Speaker 15: large database of course for sole traders and single earner people,

735
00:35:13,120 --> 00:35:15,960
Speaker 15: plus some stuff from stats and the rest of it.

736
00:35:16,040 --> 00:35:18,120
Speaker 15: It's taken quite a while, but it's given us a

737
00:35:18,200 --> 00:35:21,399
Speaker 15: really interesting picture which we didn't have before. And as

738
00:35:21,440 --> 00:35:24,120
Speaker 15: you say, four hundred and twenty thousand at minimum, because

739
00:35:24,160 --> 00:35:27,080
Speaker 15: I think there'll be more now. Our people identify as

740
00:35:27,120 --> 00:35:29,760
Speaker 15: self employed and their retirement planning isn't great.

741
00:35:30,080 --> 00:35:32,239
Speaker 2: Well, when you say that just because they're not in key,

742
00:35:32,280 --> 00:35:34,120
Speaker 2: we say it doesn't mean it isn't great. They'll have

743
00:35:34,200 --> 00:35:36,000
Speaker 2: an asset. That'd argue, we've got an asset, I've got

744
00:35:36,040 --> 00:35:38,040
Speaker 2: a business, I've got good will, I'll sell it um rich.

745
00:35:39,320 --> 00:35:42,400
Speaker 15: Yeah, it's a really good point. And some people, indeed,

746
00:35:42,440 --> 00:35:44,840
Speaker 15: I'm sure will be saying exactly that they're investing in

747
00:35:44,880 --> 00:35:47,480
Speaker 15: their business and they're investing in themselves. But what we

748
00:35:47,640 --> 00:35:50,320
Speaker 15: know is that nearly half of the respondents in this

749
00:35:50,440 --> 00:35:53,239
Speaker 15: survey are saying that the reason is the lack of

750
00:35:53,320 --> 00:35:57,319
Speaker 15: spare income and nineteen percent of saving nothing at all.

751
00:35:57,480 --> 00:35:58,719
Speaker 15: So it's still a reasonable chunk.

752
00:35:58,840 --> 00:36:00,960
Speaker 2: Do you reckon? That's real? Because I go back to

753
00:36:01,000 --> 00:36:03,560
Speaker 2: the Singapore story and tho were a third world country

754
00:36:03,600 --> 00:36:05,200
Speaker 2: when leag one you came along and said you've got

755
00:36:05,239 --> 00:36:07,400
Speaker 2: a twenty eight percent or whatever it was. What are

756
00:36:07,440 --> 00:36:09,560
Speaker 2: you talking about? We've got no money. You've got no money.

757
00:36:09,600 --> 00:36:11,319
Speaker 2: If you think you've got no money, isn't that really

758
00:36:11,440 --> 00:36:11,880
Speaker 2: the problem?

759
00:36:13,360 --> 00:36:15,960
Speaker 15: Possibly it's I mean it's pretty tight out there, as

760
00:36:16,000 --> 00:36:19,160
Speaker 15: you know. So again I think the self impoyedan and

761
00:36:19,200 --> 00:36:21,400
Speaker 15: sole traders have always got this trade off. Haven't they

762
00:36:21,480 --> 00:36:23,360
Speaker 15: to go to invest in the business or have I

763
00:36:23,560 --> 00:36:26,200
Speaker 15: just doing enough to cover my overheads? I'm not really sure.

764
00:36:26,840 --> 00:36:29,280
Speaker 15: What employeees have got, of course, is the employer contribution,

765
00:36:30,440 --> 00:36:32,480
Speaker 15: and there's nothing there for self employed, so they've got

766
00:36:32,520 --> 00:36:34,440
Speaker 15: to kind of pay themselves if you like, and they

767
00:36:34,480 --> 00:36:36,840
Speaker 15: could pay themselves through their business. But they also need

768
00:36:36,920 --> 00:36:38,759
Speaker 15: to think a bit more about the future, because don't

769
00:36:38,800 --> 00:36:41,000
Speaker 15: we all, and it's going to be a bit tricky

770
00:36:41,080 --> 00:36:42,800
Speaker 15: for them. And the reason this is important is you

771
00:36:42,880 --> 00:36:45,520
Speaker 15: don't want them rocking up to pensron age and having

772
00:36:45,600 --> 00:36:48,720
Speaker 15: basically nothing put away, particularly if the business has failed

773
00:36:49,160 --> 00:36:51,680
Speaker 15: or something else has happened because then you start talking

774
00:36:51,719 --> 00:36:54,239
Speaker 15: about what they need in terms of additional government assistance,

775
00:36:54,600 --> 00:36:56,480
Speaker 15: so it starts getting an important conversation.

776
00:36:56,880 --> 00:36:58,799
Speaker 2: So well done for doing the work for the first time.

777
00:36:58,840 --> 00:37:01,240
Speaker 2: That's surprise world. There's anything surprised me in this country anymore,

778
00:37:01,280 --> 00:37:02,799
Speaker 2: but they've done that work for the first time. Jane

779
00:37:02,840 --> 00:37:05,600
Speaker 2: Wrights and retirement commissioner TV and Z behind a pay

780
00:37:05,640 --> 00:37:08,440
Speaker 2: wall for the World Cup football next year. More shortly

781
00:37:08,520 --> 00:37:09,120
Speaker 2: for team.

782
00:37:08,960 --> 00:37:14,560
Speaker 1: Past the High asking Breakfast full show podcast on iHeartRadio

783
00:37:14,800 --> 00:37:16,360
Speaker 1: powered by News Talks ab.

784
00:37:16,960 --> 00:37:19,560
Speaker 2: In News Talks This university report this morning where everyone

785
00:37:19,600 --> 00:37:21,560
Speaker 2: seems to get an a and what's going on here

786
00:37:21,600 --> 00:37:22,759
Speaker 2: and no one can work it out? We'll have that

787
00:37:22,800 --> 00:37:25,160
Speaker 2: shortly seventeen minutes past seven. Good day for TV and

788
00:37:25,239 --> 00:37:26,879
Speaker 2: Z though they've announced they've got the rights to next

789
00:37:26,960 --> 00:37:29,200
Speaker 2: year's World Cup of course football. Are they're going to

790
00:37:29,239 --> 00:37:31,200
Speaker 2: pay for you? Jody A. Donald as the CEO and

791
00:37:31,360 --> 00:37:34,239
Speaker 2: is with us. Jody morning, Good morning, Mike, how are

792
00:37:34,239 --> 00:37:37,439
Speaker 2: you very well? Thank you? Technologically speaking? Could you start

793
00:37:37,480 --> 00:37:39,320
Speaker 2: this this afternoon or is there still work to do?

794
00:37:40,680 --> 00:37:43,480
Speaker 6: There's definitely still work today, but we're pretty excited with

795
00:37:43,480 --> 00:37:46,360
Speaker 6: the announcement today so yesterday, I should say, and so

796
00:37:46,480 --> 00:37:47,640
Speaker 6: the hard work really starts.

797
00:37:47,719 --> 00:37:50,400
Speaker 2: Now, how did you do the numbers? Because all whites

798
00:37:50,440 --> 00:37:52,440
Speaker 2: are free, so that would have been a real big

799
00:37:52,760 --> 00:37:55,160
Speaker 2: revenue stream, So you're not getting anything from that, so

800
00:37:55,280 --> 00:37:57,600
Speaker 2: you're relying on what expats and obsessives.

801
00:37:59,360 --> 00:38:01,319
Speaker 6: Well, what were the actually done is over the last

802
00:38:01,360 --> 00:38:03,799
Speaker 6: two years, in particular, we've had the opportunity to test

803
00:38:03,840 --> 00:38:05,759
Speaker 6: a whole lot of sports with all of the rights

804
00:38:05,800 --> 00:38:08,720
Speaker 6: that we picked up when Sparksport closed, So we've actually

805
00:38:08,760 --> 00:38:10,759
Speaker 6: been testing with lots of different rights. And what we

806
00:38:10,880 --> 00:38:13,280
Speaker 6: were really encouraged with was when we had the Euros

807
00:38:13,360 --> 00:38:15,799
Speaker 6: last year and we had hundreds of thousands of people

808
00:38:15,960 --> 00:38:18,560
Speaker 6: flocked at our TVNZ Plus platform and so that's really

809
00:38:18,640 --> 00:38:21,200
Speaker 6: given us the confidence to be able to move forward

810
00:38:21,280 --> 00:38:23,880
Speaker 6: with us. So, yes, all of the all white matches

811
00:38:23,960 --> 00:38:27,280
Speaker 6: will be available free and also a selection of other matches,

812
00:38:27,800 --> 00:38:30,640
Speaker 6: but there's super fans out there who we believe will

813
00:38:30,680 --> 00:38:32,920
Speaker 6: be willing to pay for one hundred and four of

814
00:38:33,000 --> 00:38:36,480
Speaker 6: those matches across the thirty nine day period, which is

815
00:38:36,600 --> 00:38:38,399
Speaker 6: what we're calling the TVNS event pass.

816
00:38:38,719 --> 00:38:41,880
Speaker 2: Okay, so you will have done numbers based on you

817
00:38:41,960 --> 00:38:44,040
Speaker 2: will have guessed at how many people are prepared to

818
00:38:44,080 --> 00:38:46,200
Speaker 2: pay for those one hundred and four games versus what

819
00:38:46,360 --> 00:38:48,239
Speaker 2: you offered for the football. Is that how you did it?

820
00:38:48,360 --> 00:38:50,000
Speaker 3: Roughly correct?

821
00:38:50,080 --> 00:38:50,480
Speaker 13: That's right.

822
00:38:50,640 --> 00:38:52,560
Speaker 6: So we've really, like I said, been really looking at

823
00:38:52,600 --> 00:38:54,880
Speaker 6: all of the data and the behavior and hearing from

824
00:38:54,960 --> 00:38:57,680
Speaker 6: the fans, and I think that's the most exciting thing

825
00:38:57,719 --> 00:39:00,000
Speaker 6: about this is a directly choice now for the sports

826
00:39:00,239 --> 00:39:04,200
Speaker 6: bodies and more importantly for audiences. So that's a great

827
00:39:04,200 --> 00:39:05,920
Speaker 6: place for us to be and a great opportunity for

828
00:39:06,040 --> 00:39:08,480
Speaker 6: us to be able to have an event such as

829
00:39:08,520 --> 00:39:10,840
Speaker 6: a safer World Cup accessible to morning valanders.

830
00:39:10,960 --> 00:39:13,160
Speaker 2: How many packages you're going to offer in terms of

831
00:39:13,200 --> 00:39:15,759
Speaker 2: breaking it down, or is it it's free to wear

832
00:39:15,880 --> 00:39:16,719
Speaker 2: or you pay for the lot?

833
00:39:17,760 --> 00:39:18,680
Speaker 15: It will just be the tooth.

834
00:39:18,760 --> 00:39:19,640
Speaker 13: It'll be really simple.

835
00:39:19,719 --> 00:39:21,919
Speaker 6: You either pace of the event pass where like I said,

836
00:39:21,960 --> 00:39:24,000
Speaker 6: you get all one hundred and four games plus you

837
00:39:24,080 --> 00:39:27,880
Speaker 6: get highlights and additional clips and player profiles, or you

838
00:39:28,000 --> 00:39:29,279
Speaker 6: watch it free to wear on TV.

839
00:39:29,400 --> 00:39:30,239
Speaker 13: Did one one.

840
00:39:30,200 --> 00:39:32,200
Speaker 2: Hundred and thirty nine dollars for the lot? Is that

841
00:39:32,320 --> 00:39:32,760
Speaker 2: your price?

842
00:39:35,640 --> 00:39:37,320
Speaker 6: I'm not in a position to be able to share that.

843
00:39:37,440 --> 00:39:40,520
Speaker 6: I think that's pretty excessive. Actually, one thing we'll be

844
00:39:40,600 --> 00:39:42,520
Speaker 6: making sure is that that it is accessible and it

845
00:39:42,560 --> 00:39:46,480
Speaker 6: won't be out of step with what's most currently and market.

846
00:39:46,760 --> 00:39:48,920
Speaker 2: Okay, well, I came to that number last night because

847
00:39:49,000 --> 00:39:51,440
Speaker 2: I thought of boxing. Individual boxing events can go to

848
00:39:51,560 --> 00:39:53,920
Speaker 2: thirty nine or forty nine dollars for a singular boxing

849
00:39:53,960 --> 00:39:57,359
Speaker 2: event a whole month's worth of football. And these people

850
00:39:57,400 --> 00:39:59,360
Speaker 2: are crazy. You understand that, of course, So at one

851
00:39:59,440 --> 00:40:02,279
Speaker 2: hundred and thirty I reckon they'd do it all right,

852
00:40:02,360 --> 00:40:04,640
Speaker 2: Well myself, Jodi, are you going to say it was

853
00:40:04,640 --> 00:40:06,520
Speaker 2: seventy nine dollars and you're going back to the boardroom

854
00:40:06,560 --> 00:40:08,640
Speaker 2: now going oh god, no.

855
00:40:08,960 --> 00:40:11,240
Speaker 6: That's another proof point. So I know we have actually

856
00:40:11,239 --> 00:40:13,399
Speaker 6: done some market research on it as well as making

857
00:40:13,440 --> 00:40:16,640
Speaker 6: sure the commercials work. Obviously, we're a commercial business and

858
00:40:16,719 --> 00:40:19,560
Speaker 6: so it's really important that we've done our homework around that.

859
00:40:20,280 --> 00:40:22,080
Speaker 6: But that's good to have any price points, Thanks.

860
00:40:21,920 --> 00:40:24,000
Speaker 2: Mike, No worries at all. I'm here to help. So

861
00:40:24,200 --> 00:40:26,040
Speaker 2: is this the future? This is the future of TV

862
00:40:26,120 --> 00:40:27,919
Speaker 2: and Z A lot more stuff behind a wall.

863
00:40:29,200 --> 00:40:31,799
Speaker 6: Look, what's really important there. As a freedery broadcaster, they're

864
00:40:31,840 --> 00:40:34,279
Speaker 6: always rights that are outside of our reach. So I've

865
00:40:34,320 --> 00:40:37,440
Speaker 6: been able to have a pay component means that actually

866
00:40:37,480 --> 00:40:39,880
Speaker 6: we can compete for other rights that we might not

867
00:40:39,960 --> 00:40:42,280
Speaker 6: have always been able to And in this exact example,

868
00:40:42,719 --> 00:40:45,879
Speaker 6: the super fans can have absolutely everything. But actually we've

869
00:40:45,960 --> 00:40:49,239
Speaker 6: got our team, the all whites available to all newdelliness

870
00:40:49,280 --> 00:40:51,120
Speaker 6: to be able to see and that's what we're most

871
00:40:51,160 --> 00:40:51,480
Speaker 6: proud of.

872
00:40:51,680 --> 00:40:54,279
Speaker 2: Good stuff. Nice to talk to you. Go well, Jody O'Donell,

873
00:40:54,320 --> 00:40:57,279
Speaker 2: who was the TVNZ chief executive, being one hundred and

874
00:40:57,280 --> 00:40:58,399
Speaker 2: thirty and know is that too much for a whole

875
00:40:58,440 --> 00:41:00,680
Speaker 2: months with one hundred and formature hundreds on dolls? I

876
00:41:00,719 --> 00:41:02,960
Speaker 2: thought that's value for money, but you're obviously clearly going

877
00:41:03,040 --> 00:41:04,440
Speaker 2: to get it cheaper. Seven twenty.

878
00:41:06,120 --> 00:41:10,920
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered

879
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883
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890
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Speaker 2: they're all black boxes. You can't always understand what Nearth's happening.

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Speaker 2: But with Grizzly, all the automation steps are transparent so

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Speaker 2: it shouldn't. With Grizzly AI software, you can create winning

895
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896
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Speaker 2: need to grow your profit by winning new business, and

897
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898
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899
00:42:07,840 --> 00:42:11,319
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900
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Speaker 2: business can automate your RFP proposal workflows with AI. So

901
00:42:14,400 --> 00:42:18,279
Speaker 2: it's one net. It's Grizzly AI their innovation leader since

902
00:42:18,280 --> 00:42:21,040
Speaker 2: the year two thousand. Tast get a noo SEVN twenty

903
00:42:21,080 --> 00:42:23,200
Speaker 2: four we got the Public Health Advisory Committee right he

904
00:42:23,280 --> 00:42:24,640
Speaker 2: never heard of and they were set up by the

905
00:42:24,719 --> 00:42:28,480
Speaker 2: Ministry of Health. It has led this committee by Kevin Haig.

906
00:42:28,680 --> 00:42:30,560
Speaker 2: There's a name, Kevin Haig. He was a Green MP

907
00:42:30,719 --> 00:42:33,400
Speaker 2: and also on a district health board. Their latest idea

908
00:42:33,560 --> 00:42:37,640
Speaker 2: is they want a wealth tax. So, given what I've

909
00:42:37,719 --> 00:42:42,680
Speaker 2: just told you Green Party haigue, is that tax about

910
00:42:42,719 --> 00:42:45,000
Speaker 2: health or is it just a tax about at tax?

911
00:42:45,239 --> 00:42:46,919
Speaker 2: So we live in an age, it seems, where only

912
00:42:47,000 --> 00:42:50,399
Speaker 2: more tax will do. Superannuation needs more tax, welfare needs

913
00:42:50,440 --> 00:42:53,200
Speaker 2: more tax. We have never spent more in this country's

914
00:42:53,280 --> 00:42:55,399
Speaker 2: history than we do right now on healthy you aware

915
00:42:55,400 --> 00:42:58,279
Speaker 2: of that, never spent more, and yet we apparently we

916
00:42:58,400 --> 00:43:00,399
Speaker 2: need even more. So when you've got a great party

917
00:43:00,480 --> 00:43:02,799
Speaker 2: veteran looking at what a healthcare system needs, their only

918
00:43:02,840 --> 00:43:06,560
Speaker 2: answer will ever be more tax. So the real question,

919
00:43:07,320 --> 00:43:09,160
Speaker 2: and no one asks about it or even thinks about it,

920
00:43:09,320 --> 00:43:12,040
Speaker 2: is where does the tax come from? Now, there's nothing

921
00:43:12,080 --> 00:43:14,160
Speaker 2: wrong with more tax if you get it from success.

922
00:43:14,600 --> 00:43:17,360
Speaker 2: Growth is an example of success. If you grow, you

923
00:43:17,480 --> 00:43:19,439
Speaker 2: make more money. See the farmers at the moment will

924
00:43:19,480 --> 00:43:22,279
Speaker 2: be making more money. So that sector is providing more

925
00:43:22,320 --> 00:43:24,280
Speaker 2: tax to the ID. But the Haigues and the labour

926
00:43:24,320 --> 00:43:26,480
Speaker 2: parties of this world don't think of that side of

927
00:43:26,520 --> 00:43:28,800
Speaker 2: the equation. That's why Chris Haipkins and this fellow travelers

928
00:43:28,880 --> 00:43:31,560
Speaker 2: Rachel Reeves in London dream up wealth taxes and cap

929
00:43:31,560 --> 00:43:34,200
Speaker 2: all the gains taxes. They're not looking to grow the pie.

930
00:43:34,719 --> 00:43:36,839
Speaker 2: They're looking at who has got more pie and how

931
00:43:36,920 --> 00:43:39,000
Speaker 2: they can take it off you. The ruinous nature of

932
00:43:39,040 --> 00:43:41,200
Speaker 2: this thinking is given. It takes nothing more than an

933
00:43:41,239 --> 00:43:43,920
Speaker 2: ideology to grab someone else's money. That's all they know

934
00:43:44,000 --> 00:43:46,920
Speaker 2: how to do. Homelessness in this country it went up

935
00:43:46,960 --> 00:43:50,040
Speaker 2: over thirty percent under the last government. Where the last

936
00:43:50,080 --> 00:43:52,920
Speaker 2: government spending money, My god they were They were spending

937
00:43:52,960 --> 00:43:55,120
Speaker 2: in excess of a billion dollars on it, yet still

938
00:43:55,160 --> 00:43:57,960
Speaker 2: went up thirty percent. See if money taken from the

939
00:43:58,000 --> 00:44:01,160
Speaker 2: so called wealthy and tipped into issues worked, a lot

940
00:44:01,200 --> 00:44:03,200
Speaker 2: of problems would have been solved a long time ago.

941
00:44:03,440 --> 00:44:05,719
Speaker 2: So ask yourself why they haven't been. It's because the

942
00:44:05,920 --> 00:44:08,719
Speaker 2: fundamentals are flawed from the start. If you don't fix

943
00:44:08,800 --> 00:44:12,799
Speaker 2: that part, you fixed nothing. Sky like I know how.

944
00:44:12,840 --> 00:44:14,759
Speaker 2: The high price of concert tickets and sporting events in

945
00:44:14,760 --> 00:44:16,320
Speaker 2: the US has got been a topic. Go and have

946
00:44:16,360 --> 00:44:17,880
Speaker 2: a look at the price tickets for the fee for

947
00:44:17,960 --> 00:44:21,359
Speaker 2: twenty six OEMG to see a pull match in la

948
00:44:21,800 --> 00:44:27,000
Speaker 2: it's about two thousand US incredible money. So one point

949
00:44:27,000 --> 00:44:30,600
Speaker 2: thirty nine? Am I wrong? Anyway? Regional James Meagher to

950
00:44:30,760 --> 00:44:34,160
Speaker 2: the rescue. James Meager is the Aviation Minister, and he

951
00:44:34,239 --> 00:44:35,960
Speaker 2: has been promising for the better part of the year

952
00:44:36,000 --> 00:44:38,000
Speaker 2: of not the entire year, that he is going to

953
00:44:38,080 --> 00:44:40,960
Speaker 2: do something for regional aviation in this country.

954
00:44:41,000 --> 00:44:41,080
Speaker 4: Now.

955
00:44:41,080 --> 00:44:43,279
Speaker 2: I asked the Prime Minister about this couple of weeks

956
00:44:43,320 --> 00:44:45,680
Speaker 2: ago on the program. Is there a possibility that the

957
00:44:45,719 --> 00:44:47,920
Speaker 2: government is going to get involved in regional airways in

958
00:44:48,000 --> 00:44:50,560
Speaker 2: any way? Shape ulf? No, I don't think so. I mean, yeah,

959
00:44:50,600 --> 00:44:54,640
Speaker 2: it's a pretty challenging business regional airliines. Okay, So I

960
00:44:54,719 --> 00:44:56,719
Speaker 2: took them at his word because one he's the Prime

961
00:44:56,760 --> 00:44:58,799
Speaker 2: Minister and two he was now what did he Oh,

962
00:44:58,840 --> 00:45:02,640
Speaker 2: that's right, he ran an airline. And yet despite this morning,

963
00:45:02,760 --> 00:45:06,319
Speaker 2: James Meagher, the Aviation Minister, is saying he's got an

964
00:45:06,360 --> 00:45:08,320
Speaker 2: action plan on his desk by the end of the

965
00:45:08,400 --> 00:45:13,920
Speaker 2: month and he's going to throw them a lifeline. So

966
00:45:14,120 --> 00:45:15,879
Speaker 2: is he throwing them a lifeline or is he doing

967
00:45:15,960 --> 00:45:19,960
Speaker 2: basically nothing? What's going on here? Some mixed messages anyway,

968
00:45:20,280 --> 00:45:22,680
Speaker 2: back to the university in a moment where apparently everyone

969
00:45:22,760 --> 00:45:24,359
Speaker 2: gets to know and no one can work out why

970
00:45:24,520 --> 00:45:26,880
Speaker 2: what's happened there? I think we'd probably know that. Anyone

971
00:45:26,920 --> 00:45:28,719
Speaker 2: to talk to Chris Whedlan about that after the news,

972
00:45:28,800 --> 00:45:29,520
Speaker 2: which is next.

973
00:45:31,160 --> 00:45:35,160
Speaker 1: New Zealand's Voice of Reason is Mike the Mic asking

974
00:45:35,239 --> 00:45:39,640
Speaker 1: Breakfast with a Vida, Retirement, Communities, Life your Way, News,

975
00:45:39,719 --> 00:45:40,279
Speaker 1: togs Head be.

976
00:45:40,520 --> 00:45:43,920
Speaker 2: I've sort of I can't work out Hasler DearS legend

977
00:45:44,920 --> 00:45:47,520
Speaker 2: got rolled yesterday from the Titans. Now he got rolled

978
00:45:47,520 --> 00:45:49,080
Speaker 2: from the Titans because they got sick and tired of

979
00:45:49,120 --> 00:45:51,719
Speaker 2: the Titans losing and they lost to us, So that

980
00:45:51,960 --> 00:45:56,600
Speaker 2: was we were instrumental in his downfall. Now he will

981
00:45:56,719 --> 00:46:00,800
Speaker 2: see the last two games out for the Titans. But

982
00:46:00,960 --> 00:46:03,240
Speaker 2: the point is he probably isn't going to get another

983
00:46:03,360 --> 00:46:07,320
Speaker 2: job because he's sixty four and that's him done. So

984
00:46:07,440 --> 00:46:09,799
Speaker 2: one of the great legends will be retiring from rugby league.

985
00:46:09,840 --> 00:46:13,080
Speaker 2: Could be wrong, but probably retiring from rugby league at

986
00:46:13,120 --> 00:46:15,120
Speaker 2: the end of the season. Now do you feel good

987
00:46:15,120 --> 00:46:17,719
Speaker 2: about that because it was the Warriors that finished him off,

988
00:46:17,840 --> 00:46:19,319
Speaker 2: or do you feel bad about that because he's one

989
00:46:19,320 --> 00:46:19,839
Speaker 2: of the great names.

990
00:46:19,840 --> 00:46:21,200
Speaker 16: He's not going to be You know, when he was playing,

991
00:46:21,280 --> 00:46:23,399
Speaker 16: would you say that he had the biggest hair going.

992
00:46:23,600 --> 00:46:26,080
Speaker 2: He's still got big here. Yeah, I know, it's fantastic

993
00:46:26,160 --> 00:46:28,360
Speaker 2: here and you know so, yes he did. He certainly

994
00:46:28,400 --> 00:46:30,080
Speaker 2: had big hair. It was back in the days of

995
00:46:30,160 --> 00:46:33,000
Speaker 2: loose jerseys and big hair, and because of that, everyone

996
00:46:33,080 --> 00:46:35,440
Speaker 2: looked like they ran more slowly, didn't they. The whole

997
00:46:35,480 --> 00:46:37,520
Speaker 2: place of the game was different. Twenty two minutes away

998
00:46:37,520 --> 00:46:41,440
Speaker 2: from a man of right, what's going on at the universities.

999
00:46:41,480 --> 00:46:45,160
Speaker 2: They've got what's called grade inflation. A grades have gone

1000
00:46:45,200 --> 00:46:47,279
Speaker 2: from twenty two percent of results to thirty five percent.

1001
00:46:47,400 --> 00:46:49,320
Speaker 2: This is between now and two thousand and six, so

1002
00:46:49,400 --> 00:46:51,720
Speaker 2: it's over a sustained period of time. The New Zealand

1003
00:46:51,760 --> 00:46:54,840
Speaker 2: Initiative done this report. It suggests this is as a

1004
00:46:54,920 --> 00:46:58,040
Speaker 2: result of what they call grade corruption. Chris Williams, the

1005
00:46:58,120 --> 00:47:00,960
Speaker 2: chief executive of Course of University is Zeeland, and is

1006
00:47:01,000 --> 00:47:02,279
Speaker 2: back with us. Chris, good morning to you.

1007
00:47:02,960 --> 00:47:03,480
Speaker 3: Good morning.

1008
00:47:03,719 --> 00:47:07,880
Speaker 2: Is great inflation a recognized thing, Look it is.

1009
00:47:08,520 --> 00:47:11,719
Speaker 18: But it's not necessarily a bad thing. Over the last

1010
00:47:11,840 --> 00:47:16,040
Speaker 18: twenty years that are covered by the study, every university

1011
00:47:16,360 --> 00:47:19,840
Speaker 18: in the English speaking world has had the same pressures

1012
00:47:19,880 --> 00:47:24,480
Speaker 18: to basically lift the standard of teaching to lift graduate outcomes,

1013
00:47:24,840 --> 00:47:28,200
Speaker 18: and they've invested in that. There's a lot more support

1014
00:47:28,280 --> 00:47:31,800
Speaker 18: put around students now, teachers are taught how to be

1015
00:47:31,920 --> 00:47:35,960
Speaker 18: good teachers, there are systems that sit around teachers and

1016
00:47:36,120 --> 00:47:39,759
Speaker 18: students to basically get more support to them, and even

1017
00:47:39,840 --> 00:47:44,720
Speaker 18: things like technology like distance learning. Since COVID, every university

1018
00:47:44,800 --> 00:47:47,400
Speaker 18: now uses a distance learning in a much more structured

1019
00:47:47,440 --> 00:47:51,320
Speaker 18: way to track the progress of students, to help students

1020
00:47:51,360 --> 00:47:55,680
Speaker 18: through small modules of learning, and different forms of assessment

1021
00:47:55,719 --> 00:47:57,600
Speaker 18: as well. So a lot has changed over that period.

1022
00:47:57,760 --> 00:48:00,239
Speaker 2: So you disagreeing with the report, you're saying that we've

1023
00:48:00,280 --> 00:48:03,160
Speaker 2: bulked up the system and because of that people do better.

1024
00:48:04,520 --> 00:48:07,560
Speaker 18: I can't definitively say what it is, but I know

1025
00:48:07,800 --> 00:48:11,279
Speaker 18: that the report only considers four factors, none of which

1026
00:48:11,320 --> 00:48:14,759
Speaker 18: are things like changes in how teaching is done, or

1027
00:48:14,800 --> 00:48:18,040
Speaker 18: all the systems put around students, or even things like

1028
00:48:18,160 --> 00:48:22,600
Speaker 18: you know, the use of online technologies and increasing numbers

1029
00:48:22,640 --> 00:48:25,880
Speaker 18: of postgraduate students. All those factors are missed in the report,

1030
00:48:26,560 --> 00:48:27,600
Speaker 18: which I think is unfortunately.

1031
00:48:27,719 --> 00:48:29,759
Speaker 2: What about the sharp increase in E grades in the

1032
00:48:29,920 --> 00:48:33,000
Speaker 2: COVID period, because there's twenty six to twenty two, I mean,

1033
00:48:33,040 --> 00:48:34,840
Speaker 2: that's a twenty year period. So I don't know that

1034
00:48:34,920 --> 00:48:37,240
Speaker 2: I'm that alarmed by it. But there was a burst

1035
00:48:37,320 --> 00:48:38,239
Speaker 2: in COVID, wasn't there?

1036
00:48:38,880 --> 00:48:43,560
Speaker 18: Look, there was, and it was a unique situation. Eight universities.

1037
00:48:44,000 --> 00:48:47,080
Speaker 18: Each of them did slightly different things. Some universities just

1038
00:48:47,120 --> 00:48:50,319
Speaker 18: simply said, because there's two months where students aren't able

1039
00:48:50,360 --> 00:48:52,879
Speaker 18: to attend lectures, we're going to give everyone a one

1040
00:48:53,280 --> 00:48:57,439
Speaker 18: grade point bump, and other universities said things like mark

1041
00:48:57,520 --> 00:49:00,279
Speaker 18: more leniently. So the idea was to base they make

1042
00:49:00,320 --> 00:49:02,960
Speaker 18: sure that no students were disadvantaged. But it was only

1043
00:49:03,040 --> 00:49:04,600
Speaker 18: at the end of the year you could really look

1044
00:49:04,680 --> 00:49:07,719
Speaker 18: back and go did we overcorrect or did we get

1045
00:49:07,760 --> 00:49:08,279
Speaker 18: it about right?

1046
00:49:08,760 --> 00:49:11,440
Speaker 2: What about the funding incentives the report talks about, So

1047
00:49:11,520 --> 00:49:13,239
Speaker 2: in other words, there are certain courses that you know,

1048
00:49:13,600 --> 00:49:15,640
Speaker 2: there's a bit of money flowing, so therefore we need

1049
00:49:15,719 --> 00:49:16,520
Speaker 2: some people to pass.

1050
00:49:18,080 --> 00:49:21,160
Speaker 18: Look, absolutely, there are incentives, but the incentives are actually

1051
00:49:21,239 --> 00:49:23,239
Speaker 18: a feature of the system, not a bug. So the

1052
00:49:23,320 --> 00:49:27,160
Speaker 18: whole idea is that universities are funded to retain students.

1053
00:49:27,640 --> 00:49:31,040
Speaker 18: If you get accepted into university, you are at a

1054
00:49:31,080 --> 00:49:34,160
Speaker 18: standard where you should be able to pass. And quite rightly,

1055
00:49:34,200 --> 00:49:36,520
Speaker 18: there's an expectation that universities are passing students.

1056
00:49:37,640 --> 00:49:37,799
Speaker 5: Yea.

1057
00:49:38,160 --> 00:49:40,880
Speaker 2: Elizabeth Ratas said this morning that it's a cultural shift

1058
00:49:40,920 --> 00:49:43,080
Speaker 2: and you just can't afford to have people fail anymore

1059
00:49:43,080 --> 00:49:45,520
Speaker 2: because I'll cry. Is there any truth in that?

1060
00:49:47,360 --> 00:49:50,759
Speaker 18: I think that's probably an unfair characterization. The key thing

1061
00:49:50,800 --> 00:49:54,600
Speaker 18: for universities is it's the reputation of their qualifications and

1062
00:49:54,640 --> 00:49:58,000
Speaker 18: their graduates that are the key to a university being successful.

1063
00:49:58,280 --> 00:50:03,000
Speaker 18: If employers lose confidence and that a qualification that a

1064
00:50:03,080 --> 00:50:05,799
Speaker 18: graduate can do what it says on the tin, If

1065
00:50:05,800 --> 00:50:08,520
Speaker 18: there's a loss of confidence in that, then universities are

1066
00:50:08,560 --> 00:50:10,880
Speaker 18: in trouble. So universities spend a lot of time and

1067
00:50:10,920 --> 00:50:13,920
Speaker 18: effort making sure that they are producing good quality graduates

1068
00:50:14,640 --> 00:50:16,000
Speaker 18: and those graduates get good.

1069
00:50:15,960 --> 00:50:18,240
Speaker 2: Jobs, good stuff. Chris appreciate it very much. Chris Whelan,

1070
00:50:18,280 --> 00:50:21,000
Speaker 2: who's from the university's New Zealand, ninety minutes away from eight.

1071
00:50:21,880 --> 00:50:23,680
Speaker 2: It's been pretty well canvas. I won't bore you with

1072
00:50:23,760 --> 00:50:26,160
Speaker 2: it again, but this if you haven't read the story,

1073
00:50:26,320 --> 00:50:29,920
Speaker 2: please do because his name, Sewan O. Lachlin, law student

1074
00:50:30,120 --> 00:50:33,239
Speaker 2: took at Auckland Transport to court over speed humps one

1075
00:50:33,920 --> 00:50:36,880
Speaker 2: one on a technicality or what I think will loosely

1076
00:50:36,920 --> 00:50:40,360
Speaker 2: be called the technical speed humps. Basically, they didn't consult

1077
00:50:40,400 --> 00:50:42,120
Speaker 2: because they're so far up their own you know what,

1078
00:50:42,680 --> 00:50:46,640
Speaker 2: They're so arrogant that they it's just all wrote forms

1079
00:50:46,680 --> 00:50:48,520
Speaker 2: and stuff like that, and they say they consult when

1080
00:50:48,560 --> 00:50:50,919
Speaker 2: they don't really and they got pinged basically, So he's

1081
00:50:50,960 --> 00:50:53,000
Speaker 2: won that case. So he's a person who went to

1082
00:50:53,080 --> 00:50:54,920
Speaker 2: law school, got a good job, and good luck to him.

1083
00:50:55,320 --> 00:50:57,440
Speaker 2: Let me come back to the button. The best story

1084
00:50:57,520 --> 00:51:01,360
Speaker 2: yesterday was the Nikola Willis Butter story that had to

1085
00:51:01,440 --> 00:51:04,080
Speaker 2: be read to be believed. But more in a moment.

1086
00:51:04,160 --> 00:51:08,560
Speaker 1: Eighteen to two the Mike Asking Breakfast Full Show podcast

1087
00:51:08,800 --> 00:51:11,560
Speaker 1: on iHeartRadio powered by News Talks at.

1088
00:51:11,440 --> 00:51:14,879
Speaker 2: B fourteen forty. Yeah, call it fourteen away from eight.

1089
00:51:15,640 --> 00:51:17,520
Speaker 2: I was a lecturer of for thirteen years. Mikel finished

1090
00:51:17,520 --> 00:51:19,319
Speaker 2: two years ago. Most of what that guy said was crap.

1091
00:51:19,440 --> 00:51:22,400
Speaker 2: The pressures on me too, Passport students was huge. Training

1092
00:51:22,480 --> 00:51:24,480
Speaker 2: was neil. Students cried if they didn't pass, so you

1093
00:51:24,560 --> 00:51:27,160
Speaker 2: had to pass them. I'm not sure all that's entirely true.

1094
00:51:27,440 --> 00:51:30,000
Speaker 2: My daughter's sitting in open book today on Friday, Mike

1095
00:51:30,120 --> 00:51:32,719
Speaker 2: for her degree. Mike, when I was tutoring marking at

1096
00:51:32,760 --> 00:51:36,000
Speaker 2: Waikato during COVID. They just chose to do open book tests.

1097
00:51:36,000 --> 00:51:38,080
Speaker 2: That's the open book thing is not the end of

1098
00:51:38,120 --> 00:51:41,520
Speaker 2: the world. It's that line between they're not there to

1099
00:51:41,600 --> 00:51:44,160
Speaker 2: catch you out when you go to university to learn something.

1100
00:51:44,239 --> 00:51:46,440
Speaker 2: They're not going to go hmm. We don't think you're

1101
00:51:46,520 --> 00:51:47,600
Speaker 2: going to pass, and we're going.

1102
00:51:47,520 --> 00:51:47,800
Speaker 4: To you know.

1103
00:51:48,239 --> 00:51:50,120
Speaker 2: The idea is they want to help you get to

1104
00:51:50,200 --> 00:51:52,719
Speaker 2: where you want to go. So it's an interesting line,

1105
00:51:53,120 --> 00:51:55,440
Speaker 2: right Nikola Willis You know how critical I was of

1106
00:51:55,520 --> 00:51:57,560
Speaker 2: her in her obsession round but it all got laid

1107
00:51:57,600 --> 00:52:01,839
Speaker 2: bag yesterday and just think about the resource that's at

1108
00:52:01,880 --> 00:52:05,719
Speaker 2: her fingertips for this. So staff were pressing officials in

1109
00:52:05,800 --> 00:52:09,880
Speaker 2: her offers, pressing officials for international dairy price comparisons. This

1110
00:52:09,920 --> 00:52:12,120
Speaker 2: is before she met Miles Hurral. This all came out

1111
00:52:12,200 --> 00:52:15,759
Speaker 2: yesterday with the Official Information Act last minute scramble. We're

1112
00:52:15,800 --> 00:52:18,839
Speaker 2: going back to twenty one July. The Private Secretary goy

1113
00:52:18,880 --> 00:52:21,480
Speaker 2: called Creech, John Creach. He asks MB so just rings

1114
00:52:21,560 --> 00:52:23,960
Speaker 2: up ENV like they've got nothing better to do. Hello.

1115
00:52:24,200 --> 00:52:27,719
Speaker 2: Mb Nicholas got a meeting with Miles specifically requested a

1116
00:52:27,840 --> 00:52:30,920
Speaker 2: quick price comparison new Zealand v. Australia. It'd be good

1117
00:52:30,920 --> 00:52:33,600
Speaker 2: to have a quantitative fire possible and clear understanding of

1118
00:52:33,640 --> 00:52:35,920
Speaker 2: whether there's more to it than the exchange rates and GST.

1119
00:52:37,080 --> 00:52:39,880
Speaker 2: Looks like the Minister will need something in hand about

1120
00:52:39,920 --> 00:52:41,919
Speaker 2: this by the time she goes to caucus this morning

1121
00:52:41,920 --> 00:52:43,680
Speaker 2: at ten am. Can you please get it to me

1122
00:52:44,440 --> 00:52:47,640
Speaker 2: within the hour at nine point forty so sure you

1123
00:52:47,760 --> 00:52:50,319
Speaker 2: got nothing better to do, have you? They're at envy.

1124
00:52:50,400 --> 00:52:52,719
Speaker 2: Then Old Creature is on the phone again asking for

1125
00:52:52,760 --> 00:52:54,520
Speaker 2: a bit of paperwork on the butter and for all

1126
00:52:54,560 --> 00:52:56,520
Speaker 2: you people who texted me going wow, she whacked up

1127
00:52:56,600 --> 00:52:59,400
Speaker 2: on Terra Mike, she'd know exactly what's going on, Clearly

1128
00:52:59,520 --> 00:53:04,120
Speaker 2: she didn't. Figures suggested that Mainland butter was priced similarly.

1129
00:53:04,480 --> 00:53:09,480
Speaker 2: All no, ah, no, it's price similarly both sides of

1130
00:53:09,520 --> 00:53:11,600
Speaker 2: the Tasman. Well, that would have a fly in the ointment,

1131
00:53:11,640 --> 00:53:14,520
Speaker 2: wouldn't it. So Creature asked for a comparison to focus

1132
00:53:14,600 --> 00:53:17,440
Speaker 2: on Fontira products at midday, followed up, when are you

1133
00:53:17,600 --> 00:53:20,400
Speaker 2: anticipating having the next version? There's a lot of interest

1134
00:53:20,480 --> 00:53:22,560
Speaker 2: in the building today, I bet you there was. She's

1135
00:53:22,640 --> 00:53:24,759
Speaker 2: freaking out. Miles is coming for a meeting. She doesn't

1136
00:53:24,760 --> 00:53:28,040
Speaker 2: know the first thing about butter, so another iteration soon

1137
00:53:28,080 --> 00:53:31,640
Speaker 2: would be appreciated, because, of course, as you know, MV,

1138
00:53:32,040 --> 00:53:33,919
Speaker 2: what else are they doing? Because Creature's on the phone

1139
00:53:33,960 --> 00:53:36,360
Speaker 2: yet again asking for a follow up. Didn't like what

1140
00:53:36,480 --> 00:53:39,239
Speaker 2: I saw the first time. Give me another one. The

1141
00:53:39,360 --> 00:53:44,360
Speaker 2: work was from Envy quote unquote quick and dirty, not

1142
00:53:44,560 --> 00:53:47,120
Speaker 2: the most scientific of comparison. Well that's because he only

1143
00:53:47,200 --> 00:53:49,319
Speaker 2: gave you twenty minutes to come up with it. Our

1144
00:53:49,560 --> 00:53:52,480
Speaker 2: feel is that milk is more expensive in New Zealand,

1145
00:53:52,560 --> 00:53:56,120
Speaker 2: other products are more comparably priced. Cheese is hard to gauge.

1146
00:53:56,320 --> 00:53:58,680
Speaker 2: Who knew that the time of the meeting. As the

1147
00:53:58,719 --> 00:54:01,120
Speaker 2: time of the meeting bore down. Creature also asked for

1148
00:54:01,200 --> 00:54:04,280
Speaker 2: further details on Fontra's market share in New Zealand Australia.

1149
00:54:05,040 --> 00:54:07,400
Speaker 2: The bloke palm of the poor sap at MB, you

1150
00:54:07,520 --> 00:54:10,400
Speaker 2: warned the answers quote unquote quite a hard one to

1151
00:54:10,480 --> 00:54:13,400
Speaker 2: calculate and would need and put from the Commerce Commission.

1152
00:54:13,440 --> 00:54:17,640
Speaker 2: Course it would so Creatures already onto MB Nicholas panicking

1153
00:54:17,680 --> 00:54:21,840
Speaker 2: about miles coming down the corridor boom. I don't know

1154
00:54:21,920 --> 00:54:25,640
Speaker 2: anything about butter, creachy. Get me some numbers from Envy oh,

1155
00:54:25,719 --> 00:54:27,319
Speaker 2: I don't know him. We can't do it. We'll need

1156
00:54:27,360 --> 00:54:29,719
Speaker 2: to get the Commerce Comission because Commerce Commission got nothing

1157
00:54:29,840 --> 00:54:32,719
Speaker 2: better to do with their time. I'm not sure we'll

1158
00:54:32,760 --> 00:54:34,799
Speaker 2: get there on time. They said, I haven't been able

1159
00:54:34,840 --> 00:54:37,120
Speaker 2: to get the right people at the ComCom that's because

1160
00:54:37,120 --> 00:54:40,440
Speaker 2: they're working from home. There's no one in the office

1161
00:54:40,880 --> 00:54:43,720
Speaker 2: at five point fifteen forty five minutes before the meeting

1162
00:54:44,239 --> 00:54:47,319
Speaker 2: totally understand the hard numbers to get, so we won't

1163
00:54:47,400 --> 00:54:50,560
Speaker 2: quantify basically need stuff in the next few minutes. See

1164
00:54:50,600 --> 00:54:53,359
Speaker 2: the panic. So you got the Commerce Commission, you got MB,

1165
00:54:53,480 --> 00:54:56,200
Speaker 2: you got Creachy, you got Palmi, you got Nikola, you

1166
00:54:56,280 --> 00:55:01,239
Speaker 2: got Miles. As opposed to what we did here, we

1167
00:55:01,320 --> 00:55:05,160
Speaker 2: had Sam just googled it exactly. We chat gpt'ed it,

1168
00:55:05,480 --> 00:55:07,080
Speaker 2: and that was the end of the problem and hence

1169
00:55:07,160 --> 00:55:09,879
Speaker 2: the problem and why Nicola came out of that meeting

1170
00:55:09,920 --> 00:55:13,720
Speaker 2: eventually going at appears it's really nice case.

1171
00:55:14,080 --> 00:55:17,000
Speaker 6: I've been satisfied that I don't think consumers are getting

1172
00:55:17,040 --> 00:55:17,680
Speaker 6: a raw deal.

1173
00:55:20,680 --> 00:55:23,400
Speaker 2: So we only had the Commerce Commission, the MB Department,

1174
00:55:23,520 --> 00:55:27,000
Speaker 2: Nicola Willis's entire office to find out what we already

1175
00:55:27,080 --> 00:55:30,800
Speaker 2: knew before Miles turned up. For the meeting awesome governing

1176
00:55:30,920 --> 00:55:32,800
Speaker 2: national turn away from eight.

1177
00:55:33,200 --> 00:55:37,200
Speaker 1: Of the Mike asking breakfast with a Vita retirement Communities

1178
00:55:37,360 --> 00:55:38,319
Speaker 1: News togs had been.

1179
00:55:38,280 --> 00:55:40,160
Speaker 2: Leto seven away from a wine to the world using

1180
00:55:40,239 --> 00:55:42,040
Speaker 2: ugly fruit. So this is an idea from a couple

1181
00:55:42,080 --> 00:55:45,240
Speaker 2: of dads created a certified organic winery uses only seconds

1182
00:55:45,280 --> 00:55:47,600
Speaker 2: in ugly fruit. Didn't make export right, So they're start

1183
00:55:47,640 --> 00:55:49,279
Speaker 2: in the storage unit and they're now started to deal

1184
00:55:49,320 --> 00:55:50,440
Speaker 2: with food stuff. They are going to be in a

1185
00:55:50,480 --> 00:55:53,120
Speaker 2: bunch of Wellington supermarkets. Cosmo Hawk is the co founder

1186
00:55:53,600 --> 00:55:56,280
Speaker 2: of Fruit Crew Wines and as well as Cosmo Morning.

1187
00:55:57,120 --> 00:55:59,120
Speaker 2: Come on one, Miky going very well, so this is

1188
00:55:59,200 --> 00:56:02,120
Speaker 2: not grapes, but this is other fruit, fijos and stuff.

1189
00:56:03,080 --> 00:56:06,640
Speaker 13: We used some grapes skin, but not exclusively grapes and

1190
00:56:07,440 --> 00:56:10,080
Speaker 13: definitely not always always grapes. Yeah, or do you always

1191
00:56:10,120 --> 00:56:10,600
Speaker 13: pomp fruit?

1192
00:56:10,920 --> 00:56:11,080
Speaker 3: Right?

1193
00:56:11,120 --> 00:56:12,360
Speaker 2: Are you doing this in Wellington?

1194
00:56:13,560 --> 00:56:13,759
Speaker 15: Yes?

1195
00:56:13,840 --> 00:56:14,040
Speaker 4: We are.

1196
00:56:14,120 --> 00:56:16,120
Speaker 13: Yeah, We've got a little warehouse down in Tiadle.

1197
00:56:16,520 --> 00:56:18,800
Speaker 2: Okay, so you bring the fruit in from where you

1198
00:56:19,360 --> 00:56:20,280
Speaker 2: source that yourself?

1199
00:56:21,520 --> 00:56:24,279
Speaker 13: Yeah, low in Northoland, So a Kapity Coast has a

1200
00:56:25,040 --> 00:56:27,560
Speaker 13: lot of orchards around there in Hawk's Bay. We go

1201
00:56:27,719 --> 00:56:29,520
Speaker 13: up as far as to pooki for kiwi fruit.

1202
00:56:29,320 --> 00:56:33,640
Speaker 2: Of course, did you know anything about fermenting wine ugly

1203
00:56:33,760 --> 00:56:36,360
Speaker 2: fruit bottles, corks pop in any of that.

1204
00:56:37,600 --> 00:56:40,640
Speaker 13: Yeah, we've made a bit of wine before traditional wine

1205
00:56:41,320 --> 00:56:44,440
Speaker 13: using just grapes in Australia and a little bit of

1206
00:56:44,480 --> 00:56:46,759
Speaker 13: New Zealand as well. But then when we came to

1207
00:56:47,600 --> 00:56:49,480
Speaker 13: try and source some fruit, we realized there was quite

1208
00:56:49,520 --> 00:56:51,640
Speaker 13: a big shortage actually, like a lot of the vineyards

1209
00:56:52,320 --> 00:56:54,400
Speaker 13: aren't really producing at the sort of levels that they

1210
00:56:54,440 --> 00:56:58,319
Speaker 13: were or were intended to do. And simultaneously, no one

1211
00:56:58,440 --> 00:57:00,840
Speaker 13: was even picking up the apples or the cherries or

1212
00:57:00,840 --> 00:57:03,440
Speaker 13: the fijos because they weren't worth the labor costs to

1213
00:57:03,560 --> 00:57:04,160
Speaker 13: even pick.

1214
00:57:05,440 --> 00:57:07,440
Speaker 2: So you sorted that out. So are you in it

1215
00:57:07,640 --> 00:57:11,840
Speaker 2: to make ugly fruit work? Are you in it to

1216
00:57:12,000 --> 00:57:14,560
Speaker 2: make money for yourself? Or are you in it to

1217
00:57:14,920 --> 00:57:17,280
Speaker 2: tap into a market that already exists or maybe a

1218
00:57:17,360 --> 00:57:20,000
Speaker 2: market that doesn't exist. And when I try some cherry wine,

1219
00:57:20,040 --> 00:57:21,720
Speaker 2: I'm thinking, oh my lord, where's it been.

1220
00:57:22,720 --> 00:57:25,840
Speaker 13: All of the above? Right, I would say, yeah, it

1221
00:57:25,960 --> 00:57:28,480
Speaker 13: definitely isn't a market that exists at the moment. I mean,

1222
00:57:28,560 --> 00:57:33,000
Speaker 13: there's we're a very big apple producer, fruit producer. I mean,

1223
00:57:33,040 --> 00:57:36,760
Speaker 13: outside of dairy, it's probably our biggest, biggest the export industry,

1224
00:57:36,800 --> 00:57:41,800
Speaker 13: but we have a fairly small cider industry really relative

1225
00:57:41,880 --> 00:57:43,880
Speaker 13: to that, I'd say globally we're not known at all

1226
00:57:43,920 --> 00:57:45,760
Speaker 13: the cider, but we're definitely known for apples.

1227
00:57:46,200 --> 00:57:50,360
Speaker 2: What it is that when we taste it, we love it?

1228
00:57:50,920 --> 00:57:52,080
Speaker 2: Or are you taking a big risk?

1229
00:57:52,200 --> 00:57:52,440
Speaker 4: On that.

1230
00:57:54,640 --> 00:57:54,880
Speaker 18: Note?

1231
00:57:54,920 --> 00:57:56,640
Speaker 13: The vibeer is that when we taste it, we love it.

1232
00:57:56,720 --> 00:58:01,480
Speaker 13: That we're trying something made in a completely different manner

1233
00:58:01,560 --> 00:58:04,760
Speaker 13: to anything else currently on the planet as far as

1234
00:58:04,840 --> 00:58:08,400
Speaker 13: I can tell, and that with something that's suitably in

1235
00:58:08,400 --> 00:58:11,080
Speaker 13: New Zealand, like it hasn't been taken from another culture,

1236
00:58:11,560 --> 00:58:14,640
Speaker 13: hasn't been borrowed or copied or anything. It's literally could

1237
00:58:14,720 --> 00:58:15,480
Speaker 13: only be done here.

1238
00:58:15,840 --> 00:58:18,560
Speaker 2: Does fruit all work the same way? Basically, it turns out,

1239
00:58:18,680 --> 00:58:20,080
Speaker 2: I mean, you can use any fruit you want.

1240
00:58:21,480 --> 00:58:24,240
Speaker 13: No, definitely not. We've had trial and error. We've definitely

1241
00:58:24,280 --> 00:58:26,080
Speaker 13: had a few things we've decided not to work with,

1242
00:58:26,200 --> 00:58:28,560
Speaker 13: and a few things that just went amazingly from day one.

1243
00:58:28,760 --> 00:58:30,120
Speaker 2: Okay, what's hot? What's good?

1244
00:58:31,160 --> 00:58:35,520
Speaker 13: Fijos are hot, Kiwi fruits are hot. Okay, Quinces, apples, pears,

1245
00:58:36,040 --> 00:58:37,520
Speaker 13: all the most common things.

1246
00:58:37,560 --> 00:58:40,560
Speaker 2: You know, here we go see quints, not personal to

1247
00:58:40,640 --> 00:58:42,240
Speaker 2: see you see I got Do I have quints? Or

1248
00:58:42,280 --> 00:58:44,320
Speaker 2: personally I've got quints? Haven't I've got quints? I don't

1249
00:58:44,360 --> 00:58:45,800
Speaker 2: know what the hell I've got. But I'm looking at

1250
00:58:45,840 --> 00:58:47,600
Speaker 2: the tree and I'm thinking, who the hell is doing

1251
00:58:47,640 --> 00:58:48,160
Speaker 2: anything with that?

1252
00:58:48,840 --> 00:58:52,080
Speaker 13: No one, No one is the quints there. They're too big,

1253
00:58:52,120 --> 00:58:53,800
Speaker 13: they're too hard to work with. No one, no one

1254
00:58:53,840 --> 00:58:55,160
Speaker 13: can be bothered even picking them.

1255
00:58:55,440 --> 00:58:57,920
Speaker 2: So if I for me my quints on Quin's, then

1256
00:58:58,000 --> 00:58:58,360
Speaker 2: you reckon?

1257
00:58:59,480 --> 00:59:01,600
Speaker 13: I reckon. Yep. There's a few tricks to it, though,

1258
00:59:01,680 --> 00:59:02,720
Speaker 13: but I don't know if I want to put that

1259
00:59:02,840 --> 00:59:03,240
Speaker 13: live on it.

1260
00:59:03,400 --> 00:59:06,280
Speaker 2: No, No, don't do that. What's the what's the alcohol content?

1261
00:59:06,600 --> 00:59:08,640
Speaker 13: Roughly they set around seven percent.

1262
00:59:08,880 --> 00:59:10,560
Speaker 2: It's not bad. You have a couple of months for lunch,

1263
00:59:10,560 --> 00:59:13,800
Speaker 2: couldn't you? And what do you charge? What's a bottle

1264
00:59:13,840 --> 00:59:15,280
Speaker 2: of Quint's fizz.

1265
00:59:16,240 --> 00:59:18,760
Speaker 13: Sitting on the supermarket showers at twenty two dollars for

1266
00:59:19,200 --> 00:59:21,520
Speaker 13: seven to fifty mil so wine wine bottle size?

1267
00:59:21,800 --> 00:59:22,000
Speaker 15: Good?

1268
00:59:22,080 --> 00:59:23,000
Speaker 2: Are you quids in yet?

1269
00:59:24,360 --> 00:59:24,560
Speaker 18: Yeah?

1270
00:59:24,800 --> 00:59:27,160
Speaker 13: Yeah, I think so close close to Yeah.

1271
00:59:27,160 --> 00:59:28,800
Speaker 2: You go well, it's a great story. I love it.

1272
00:59:28,840 --> 00:59:31,240
Speaker 2: I love a good locally made story. Cosmo, well done,

1273
00:59:31,280 --> 00:59:34,080
Speaker 2: Cosmo Hawk, who's the co founder of Fruit Crew. You'll

1274
00:59:34,080 --> 00:59:36,440
Speaker 2: be able to see some of that at a supermarket

1275
00:59:36,480 --> 00:59:38,240
Speaker 2: near you, which reminds me, by the way, and I've

1276
00:59:38,240 --> 00:59:39,880
Speaker 2: come back to it because I've got more detail than

1277
00:59:39,920 --> 00:59:41,440
Speaker 2: I have time to give you at the moment. But

1278
00:59:41,520 --> 00:59:45,360
Speaker 2: I watched last Sunday's Country Calendar. Every time I watch

1279
00:59:45,480 --> 00:59:48,760
Speaker 2: that show, I am so inspired about what people are

1280
00:59:48,800 --> 00:59:50,560
Speaker 2: doing in this country. But anyway, as I say, I'll

1281
00:59:50,560 --> 00:59:52,400
Speaker 2: come back to that in a couple of months. Meantime

1282
00:59:52,480 --> 00:59:54,120
Speaker 2: News this next year in news Talk said.

1283
00:59:55,760 --> 01:00:01,520
Speaker 3: My cards game be sateful, engaging and vital. The Mike casking.

1284
01:00:01,240 --> 01:00:05,400
Speaker 1: Breakfast with Range Rover leading by example news togs Head been.

1285
01:00:06,400 --> 01:00:08,400
Speaker 2: Now for a supercar catch up with one of the greats,

1286
01:00:08,480 --> 01:00:10,840
Speaker 2: Marke winter Bottom attire from full time driving a lead

1287
01:00:10,880 --> 01:00:13,240
Speaker 2: of last year after twenty one years. Career included a

1288
01:00:13,360 --> 01:00:16,720
Speaker 2: championship in twenty fifteen bathfirst win, of course thirty nine

1289
01:00:16,800 --> 01:00:19,320
Speaker 2: wins and race victories over the years. These days he's

1290
01:00:19,360 --> 01:00:21,640
Speaker 2: a mentor and co driver with Tickford Racing. He's got

1291
01:00:21,680 --> 01:00:24,480
Speaker 2: his book out, Frosty, The Incredible True Story of the

1292
01:00:24,560 --> 01:00:27,200
Speaker 2: Boy from Doonside who became a bath first King, and

1293
01:00:27,240 --> 01:00:30,320
Speaker 2: Mark Winterbottom is with us. Good morning, good morning.

1294
01:00:30,400 --> 01:00:31,479
Speaker 3: How are you listen?

1295
01:00:31,560 --> 01:00:33,840
Speaker 2: I'm very well. Indeed, I suppose when you do a

1296
01:00:33,880 --> 01:00:37,720
Speaker 2: book you're always sort of full of reflection. And what

1297
01:00:37,800 --> 01:00:39,959
Speaker 2: I want to know is how different I mean, given

1298
01:00:40,000 --> 01:00:42,040
Speaker 2: your time in that twenty one years, how different is

1299
01:00:42,160 --> 01:00:45,120
Speaker 2: supercars from the very first car you drove to the

1300
01:00:45,240 --> 01:00:46,439
Speaker 2: very last car you left.

1301
01:00:47,000 --> 01:00:50,880
Speaker 19: Ah, exchanged a lot, But I've been in for twenty

1302
01:00:50,920 --> 01:00:52,680
Speaker 19: one years. I was in the sport for twenty one years,

1303
01:00:52,720 --> 01:00:57,200
Speaker 19: so I saw a lot, you know, car models and

1304
01:00:57,800 --> 01:01:01,560
Speaker 19: manufacturers and all that sort of sigh, had changed a

1305
01:01:01,640 --> 01:01:04,360
Speaker 19: lot over the years. But even the sport, I think,

1306
01:01:04,600 --> 01:01:06,720
Speaker 19: you know, social media wasn't around in two thousand and

1307
01:01:06,800 --> 01:01:07,840
Speaker 19: three when I started, so.

1308
01:01:09,480 --> 01:01:11,040
Speaker 5: Everyone was polite because a lot of the.

1309
01:01:11,040 --> 01:01:13,240
Speaker 19: Stuff that happens on social media it wouldn't happen in

1310
01:01:13,320 --> 01:01:17,080
Speaker 19: real life, so not as many critics in the early days,

1311
01:01:17,120 --> 01:01:17,560
Speaker 19: and then.

1312
01:01:18,200 --> 01:01:19,760
Speaker 5: A lot of critics in the back end of it.

1313
01:01:19,880 --> 01:01:21,200
Speaker 5: But no, it's great.

1314
01:01:21,240 --> 01:01:24,840
Speaker 19: The sport's in a really good place and I still

1315
01:01:24,880 --> 01:01:27,080
Speaker 19: love being around it, you know, even though I'm not racing.

1316
01:01:27,280 --> 01:01:30,600
Speaker 19: It's an incredible sport and changing for the better. I

1317
01:01:30,640 --> 01:01:31,960
Speaker 19: think there's a lot of good things to come.

1318
01:01:32,160 --> 01:01:33,800
Speaker 2: So I love to talk about and that now the

1319
01:01:33,840 --> 01:01:36,080
Speaker 2: people in your sort of position, you know, scape and

1320
01:01:36,200 --> 01:01:39,400
Speaker 2: lack and no one ever seems to leave the sport.

1321
01:01:39,480 --> 01:01:41,520
Speaker 2: It's good. It must be addictive, very.

1322
01:01:41,400 --> 01:01:46,320
Speaker 19: Addictive, once you get fuel in the veins. It's a

1323
01:01:46,680 --> 01:01:50,200
Speaker 19: very addictive little thing that you inherit. But you know,

1324
01:01:50,280 --> 01:01:52,480
Speaker 19: for me, I started very young, you know, I sort

1325
01:01:52,520 --> 01:01:56,560
Speaker 19: of started motors sport at eight years old. That was

1326
01:01:56,640 --> 01:01:57,480
Speaker 19: my first taste of it.

1327
01:01:57,640 --> 01:02:00,440
Speaker 5: And at forty four, now I love it more than

1328
01:02:00,480 --> 01:02:02,400
Speaker 5: I ever have, you know, And I think when you

1329
01:02:02,560 --> 01:02:03,640
Speaker 5: race it, it's a privilege.

1330
01:02:03,720 --> 01:02:05,400
Speaker 19: Like I've always thought of it as a privilege to

1331
01:02:05,520 --> 01:02:09,000
Speaker 19: race cars, but when you have that taken away from

1332
01:02:09,040 --> 01:02:11,720
Speaker 19: you or your time stops, I think you appreciate it

1333
01:02:11,800 --> 01:02:15,200
Speaker 19: even more because you know, it's pretty cool to race

1334
01:02:15,240 --> 01:02:18,080
Speaker 19: a car and drive it three hundred klometers an hour,

1335
01:02:18,920 --> 01:02:21,800
Speaker 19: have someone else pay those bills for you and let

1336
01:02:21,880 --> 01:02:24,600
Speaker 19: you drive their piece of machinery. It's pretty cool. But

1337
01:02:25,360 --> 01:02:28,400
Speaker 19: even now I love watching it. I'm helping four young

1338
01:02:28,440 --> 01:02:31,360
Speaker 19: guys in the Super two program, and they're at the

1339
01:02:31,440 --> 01:02:34,800
Speaker 19: age that I was when I first started so I'm

1340
01:02:34,840 --> 01:02:37,280
Speaker 19: at the back end. They're at the start, and it's

1341
01:02:37,360 --> 01:02:41,080
Speaker 19: reinvigorated the passion for the sport because they'll do anything

1342
01:02:41,160 --> 01:02:41,680
Speaker 19: to succeed.

1343
01:02:41,800 --> 01:02:43,919
Speaker 5: And I remember being that kid.

1344
01:02:44,000 --> 01:02:45,520
Speaker 3: You know, you never leave.

1345
01:02:45,520 --> 01:02:47,360
Speaker 5: It's a very good sport and very addictive.

1346
01:02:47,800 --> 01:02:50,720
Speaker 2: So your story, people don't know, it's a wonderful story.

1347
01:02:50,800 --> 01:02:53,640
Speaker 2: The lottery you win, the you've got the golden ticket

1348
01:02:53,720 --> 01:02:55,680
Speaker 2: that allows you to get into the sport in the

1349
01:02:55,720 --> 01:02:58,600
Speaker 2: first place. How many kids back then do you reckon

1350
01:02:59,320 --> 01:03:02,280
Speaker 2: because of lack of money, couldn't get behind a wheel,

1351
01:03:02,920 --> 01:03:05,840
Speaker 2: versus saying maybe today that if you're good, you will

1352
01:03:05,960 --> 01:03:08,040
Speaker 2: somehow find your way to the start line.

1353
01:03:09,560 --> 01:03:10,880
Speaker 5: Well, it's for me.

1354
01:03:11,000 --> 01:03:15,919
Speaker 19: It was literally that ticket was the platform to perform. Really,

1355
01:03:16,000 --> 01:03:18,200
Speaker 19: without that, I was not a chance. I don't think so.

1356
01:03:20,400 --> 01:03:20,520
Speaker 13: Well.

1357
01:03:20,560 --> 01:03:22,640
Speaker 19: I kind of feel like Willie Wonka with the golden ticket.

1358
01:03:22,720 --> 01:03:25,680
Speaker 19: You know it was winning a p week fifty was

1359
01:03:25,800 --> 01:03:29,640
Speaker 19: life changing because it gives you that tool to show

1360
01:03:29,760 --> 01:03:32,960
Speaker 19: if you've got talent or not. Because motorsports not for everyone.

1361
01:03:33,200 --> 01:03:35,760
Speaker 19: But when you do love it and when you get

1362
01:03:35,800 --> 01:03:39,439
Speaker 19: into it and you're good at it, every next step

1363
01:03:39,480 --> 01:03:42,520
Speaker 19: you're trying to make doors closed. A lot unless you've

1364
01:03:42,520 --> 01:03:45,360
Speaker 19: got a big check book, so you know, it's very tough.

1365
01:03:45,400 --> 01:03:48,280
Speaker 19: But for me, I just got the lucky ticket. Then

1366
01:03:48,320 --> 01:03:50,200
Speaker 19: I took a loan out at the bank, and then

1367
01:03:50,240 --> 01:03:52,800
Speaker 19: I just kind of kept I was either going to

1368
01:03:52,800 --> 01:03:54,840
Speaker 19: be in debt or have a career. So I just

1369
01:03:55,640 --> 01:03:58,320
Speaker 19: never I never look at hindsight, which is probably it

1370
01:03:58,480 --> 01:04:00,520
Speaker 19: served me well, but it's probably naive.

1371
01:04:01,120 --> 01:04:03,440
Speaker 5: With my kids, I'd be telling them not to go

1372
01:04:03,480 --> 01:04:05,200
Speaker 5: to the bank and do the stuff that I did. So,

1373
01:04:06,480 --> 01:04:09,960
Speaker 5: but it's tough. You know, if there's two people going for.

1374
01:04:10,000 --> 01:04:14,080
Speaker 19: A drive and this is Formula one speedway, go karts,

1375
01:04:14,160 --> 01:04:16,560
Speaker 19: whatever it is, one dad has a lot of money,

1376
01:04:16,880 --> 01:04:19,280
Speaker 19: one dad has zero dollars, the one with money is

1377
01:04:19,280 --> 01:04:21,400
Speaker 19: going to win, and that's that's the hard thing about

1378
01:04:21,400 --> 01:04:24,680
Speaker 19: this sport. But then you need to find a way,

1379
01:04:24,840 --> 01:04:28,040
Speaker 19: and there's always a way just to getting that door,

1380
01:04:28,240 --> 01:04:30,880
Speaker 19: you know, you just got to For me, doors kept closing,

1381
01:04:31,200 --> 01:04:32,800
Speaker 19: and then I'm like, nah, don't like those doors. I

1382
01:04:32,920 --> 01:04:36,200
Speaker 19: go over here and try and find a path, because

1383
01:04:36,240 --> 01:04:38,200
Speaker 19: you'll get told no. Without money, you get told a lot.

1384
01:04:38,280 --> 01:04:41,880
Speaker 19: So it is a tough career path, but talent and

1385
01:04:43,280 --> 01:04:45,560
Speaker 19: kind of resilience and determination.

1386
01:04:45,120 --> 01:04:47,920
Speaker 5: Will get you in just can take longer. It's a

1387
01:04:48,000 --> 01:04:48,680
Speaker 5: longer process.

1388
01:04:48,880 --> 01:04:51,680
Speaker 2: So you get your ticket and when how much of

1389
01:04:51,760 --> 01:04:55,600
Speaker 2: that success do you reckon? Was just about sheer determination

1390
01:04:56,440 --> 01:05:00,320
Speaker 2: you will not fail versus you've actually got some skill

1391
01:05:00,600 --> 01:05:02,120
Speaker 2: and that's the luck side of it.

1392
01:05:02,560 --> 01:05:04,720
Speaker 19: Yeah, well, I think that's a following from what I

1393
01:05:04,880 --> 01:05:07,520
Speaker 19: just said. You know, when you have two people, one

1394
01:05:07,560 --> 01:05:10,320
Speaker 19: with money, one without everything, to me was my pride

1395
01:05:10,360 --> 01:05:13,919
Speaker 19: and joy. It was my last opportunity. So that pee

1396
01:05:13,960 --> 01:05:17,040
Speaker 19: wee fifty to me was like the holy grail.

1397
01:05:17,120 --> 01:05:17,320
Speaker 4: It was.

1398
01:05:18,320 --> 01:05:18,840
Speaker 15: It was the thing.

1399
01:05:18,920 --> 01:05:20,960
Speaker 19: And then I went on the trading post and took

1400
01:05:21,040 --> 01:05:23,280
Speaker 19: that pee wee fifty and traded it for a go kart,

1401
01:05:23,720 --> 01:05:25,800
Speaker 19: and that go kart lived in my sister's bedroom to

1402
01:05:25,880 --> 01:05:29,280
Speaker 19: her discuss for three months because the garage wasn't big enough.

1403
01:05:29,360 --> 01:05:33,000
Speaker 5: But didn't help her dating game, that's for sure.

1404
01:05:32,920 --> 01:05:35,880
Speaker 19: Having a go kart in the room. But that was

1405
01:05:35,920 --> 01:05:38,280
Speaker 19: my pride and joy, and it was like to me,

1406
01:05:38,960 --> 01:05:41,360
Speaker 19: that was my ferrari. I looked after that thing like

1407
01:05:42,080 --> 01:05:43,400
Speaker 19: it was my pride and joy. But if you have

1408
01:05:43,520 --> 01:05:46,400
Speaker 19: someone that just you get given all the time, you

1409
01:05:46,520 --> 01:05:50,560
Speaker 19: don't appreciate things. So I think, you know, having that

1410
01:05:50,720 --> 01:05:54,680
Speaker 19: way of lucking in and not being able to afford things,

1411
01:05:54,760 --> 01:05:58,000
Speaker 19: and you treat things differently, And I think that set

1412
01:05:58,080 --> 01:06:00,960
Speaker 19: me up for my career because I don't know, when

1413
01:06:01,000 --> 01:06:02,520
Speaker 19: you you learn to.

1414
01:06:02,560 --> 01:06:02,920
Speaker 18: Deal with.

1415
01:06:04,600 --> 01:06:07,240
Speaker 19: Inferior equipment a lot of the time and just but

1416
01:06:07,400 --> 01:06:10,320
Speaker 19: to you, it was special and you don't complain.

1417
01:06:10,440 --> 01:06:12,840
Speaker 5: You just get on with it. And those early days

1418
01:06:12,920 --> 01:06:15,240
Speaker 5: taught me a lot I think about my career.

1419
01:06:15,320 --> 01:06:17,680
Speaker 19: You know, like you on tough days, you still found

1420
01:06:17,720 --> 01:06:21,200
Speaker 19: a way to appreciate the machine when it wasn't behaving

1421
01:06:21,240 --> 01:06:23,160
Speaker 19: the way you kind of wanted it to exactly.

1422
01:06:23,280 --> 01:06:25,400
Speaker 2: Listen, hold on mate more in a moment, Mark Winterbottom

1423
01:06:25,440 --> 01:06:26,600
Speaker 2: with us, Will Team past.

1424
01:06:27,360 --> 01:06:31,760
Speaker 1: The Mike Asking Breakfast full Show podcast on iHeartRadio, how

1425
01:06:31,840 --> 01:06:33,040
Speaker 1: it by, News Talks.

1426
01:06:32,800 --> 01:06:33,040
Speaker 4: It Be.

1427
01:06:34,680 --> 01:06:36,960
Speaker 2: News Talk Hit me sixteen past eight, Mark winter Bottom

1428
01:06:36,960 --> 01:06:39,160
Speaker 2: with us and Mark A couple of names you'll know obviously,

1429
01:06:39,280 --> 01:06:42,040
Speaker 2: Ryan would Matt Paine. So compare our young people with

1430
01:06:42,120 --> 01:06:45,040
Speaker 2: the Australian young people, people like Will Brown, Brock Feeni.

1431
01:06:45,600 --> 01:06:48,520
Speaker 2: So what I want to know is Will and Brock lead?

1432
01:06:48,800 --> 01:06:51,400
Speaker 2: Is that because they got better cows, only better drivers.

1433
01:06:52,200 --> 01:06:53,640
Speaker 5: You guys are so lucky over there.

1434
01:06:53,680 --> 01:06:57,600
Speaker 19: You just breed exceptional drivers, and it frustrates the hell

1435
01:06:57,680 --> 01:06:58,560
Speaker 19: out of us over here.

1436
01:06:58,680 --> 01:07:02,080
Speaker 5: But you know, paining someone that I have a lot of,

1437
01:07:03,000 --> 01:07:04,320
Speaker 5: I have a fair bit to do with. We go

1438
01:07:04,400 --> 01:07:05,120
Speaker 5: up the river and.

1439
01:07:06,800 --> 01:07:09,160
Speaker 19: Spend a bit of time fishing together and have some downtime.

1440
01:07:09,480 --> 01:07:13,280
Speaker 19: He's an incredible talent. And what sets those young guys

1441
01:07:13,320 --> 01:07:16,360
Speaker 19: apart now to back in the day is that when

1442
01:07:16,400 --> 01:07:19,240
Speaker 19: they're eighteen or nineteen, they're ready because they've raced around

1443
01:07:19,280 --> 01:07:23,680
Speaker 19: the world, they've what they've experienced. They come in and

1444
01:07:24,240 --> 01:07:27,560
Speaker 19: they're not raw. We're back in our era they were raw.

1445
01:07:27,680 --> 01:07:30,160
Speaker 19: But put Matt Pain in the best car and the

1446
01:07:30,240 --> 01:07:33,200
Speaker 19: day he'll win, no doubt about it. He's an incredible talent.

1447
01:07:33,520 --> 01:07:37,520
Speaker 19: And Ron would start to show his true form as well,

1448
01:07:37,600 --> 01:07:40,320
Speaker 19: and he's in that raw stage of his career, but

1449
01:07:40,400 --> 01:07:43,520
Speaker 19: he's fast and doing some incredible things.

1450
01:07:43,640 --> 01:07:46,040
Speaker 5: So par is important.

1451
01:07:46,240 --> 01:07:48,400
Speaker 19: But at the same time, you need a good driver because,

1452
01:07:48,480 --> 01:07:51,360
Speaker 19: like I said, good drivers a track personnel. They attract

1453
01:07:51,400 --> 01:07:56,640
Speaker 19: sponsorship and you grow together. But you know, Matt Pain's

1454
01:07:56,680 --> 01:08:00,160
Speaker 19: someone I regard very very highly and one of, if

1455
01:08:00,200 --> 01:08:02,040
Speaker 19: not the best driver in the category at the moment.

1456
01:08:02,120 --> 01:08:04,360
Speaker 2: What about at the other end age ways you go say,

1457
01:08:04,480 --> 01:08:08,480
Speaker 2: Will Davidson, maybe David Reynolds and you up until last year.

1458
01:08:08,520 --> 01:08:11,720
Speaker 2: Of course, I mean do you lose something simply with age.

1459
01:08:12,160 --> 01:08:14,920
Speaker 19: What's hard is the path that you go on. So

1460
01:08:15,000 --> 01:08:18,360
Speaker 19: when you're young, teams will take a bit of a

1461
01:08:18,520 --> 01:08:20,720
Speaker 19: risk on you and put you on long contracts. The

1462
01:08:20,840 --> 01:08:24,080
Speaker 19: older you get, the contracts get shorter, so and often

1463
01:08:24,120 --> 01:08:25,920
Speaker 19: that means you what teams and you go down the

1464
01:08:26,040 --> 01:08:26,519
Speaker 19: chain a bit.

1465
01:08:26,680 --> 01:08:30,160
Speaker 5: So put a probably in the same comment, Matt Payin

1466
01:08:30,240 --> 01:08:32,280
Speaker 5: in a teammatean car in Dave Reynolds car.

1467
01:08:32,560 --> 01:08:35,439
Speaker 19: He's not going to win, but he earns his spot

1468
01:08:35,479 --> 01:08:39,080
Speaker 19: because he's young. Teams want him because he's got a future.

1469
01:08:39,160 --> 01:08:41,439
Speaker 19: You know, if you're forty years old, they've only got

1470
01:08:41,439 --> 01:08:42,800
Speaker 19: a couple of years with you when you're out.

1471
01:08:42,920 --> 01:08:44,599
Speaker 5: So they like these young guys.

1472
01:08:44,640 --> 01:08:47,320
Speaker 19: They get them, they develop them, they try and build

1473
01:08:47,360 --> 01:08:49,880
Speaker 19: the team around them, and they groom them forward.

1474
01:08:50,040 --> 01:08:52,400
Speaker 5: So that's where it gets tough.

1475
01:08:52,479 --> 01:08:54,760
Speaker 19: But you know, it's funny when you go on in

1476
01:08:54,840 --> 01:08:58,000
Speaker 19: Duro Drive and you're hopping a really good car against

1477
01:08:58,040 --> 01:09:01,439
Speaker 19: one of the guns in the categor you're within half

1478
01:09:01,479 --> 01:09:01,840
Speaker 19: a tenth.

1479
01:09:01,960 --> 01:09:03,560
Speaker 5: It's ridiculously close.

1480
01:09:03,520 --> 01:09:06,320
Speaker 2: And in a few weeks time you're back at Bathurst again.

1481
01:09:06,439 --> 01:09:09,240
Speaker 2: You're one of the rare people's actually one Bathurst is

1482
01:09:09,479 --> 01:09:13,559
Speaker 2: is it? Everything they say and more, it's well.

1483
01:09:13,479 --> 01:09:15,280
Speaker 5: It's the reason I raced. Like I used to watch

1484
01:09:15,360 --> 01:09:16,840
Speaker 5: that race as a four year old.

1485
01:09:18,320 --> 01:09:19,519
Speaker 18: You know, we turn it on.

1486
01:09:19,920 --> 01:09:22,000
Speaker 5: Sounds really bogue and aussy thing, but you turn it

1487
01:09:22,080 --> 01:09:23,280
Speaker 5: on and seven.

1488
01:09:23,080 --> 01:09:25,040
Speaker 19: Am in the morning they'd be doing warm up and

1489
01:09:26,120 --> 01:09:28,120
Speaker 19: you literally had an indent and a couch. The only

1490
01:09:28,160 --> 01:09:29,800
Speaker 19: time you got up was if you were busting to

1491
01:09:29,880 --> 01:09:31,960
Speaker 19: go to the toilet. You had to go and run back.

1492
01:09:32,080 --> 01:09:36,400
Speaker 19: So you know, that's what made me love the sport

1493
01:09:36,560 --> 01:09:38,960
Speaker 19: was Bathurst, watching brock and Johnson and Moffittt and all

1494
01:09:39,000 --> 01:09:39,400
Speaker 19: those guys.

1495
01:09:39,520 --> 01:09:42,640
Speaker 5: So when you do get a just to drive that

1496
01:09:42,800 --> 01:09:44,280
Speaker 5: track is an.

1497
01:09:44,200 --> 01:09:47,479
Speaker 19: Incredible feeling, like it's it scares the absolute hellity At

1498
01:09:47,560 --> 01:09:50,320
Speaker 19: some times it's a track that grabs your attention, but

1499
01:09:50,479 --> 01:09:53,799
Speaker 19: when you win it, it really hits time how special

1500
01:09:53,840 --> 01:09:56,599
Speaker 19: it is, because you know, when you win race, there's

1501
01:09:56,600 --> 01:09:58,800
Speaker 19: always special in this sport. But when you drive into

1502
01:09:58,840 --> 01:10:02,120
Speaker 19: pitt Lane and you've got grown men just crying, some

1503
01:10:02,240 --> 01:10:05,160
Speaker 19: of the toughest blokes that you can imagine crying and

1504
01:10:05,240 --> 01:10:09,640
Speaker 19: whimpering and cuddling you, and then teammates and family and

1505
01:10:10,160 --> 01:10:11,240
Speaker 19: crowd running in and.

1506
01:10:12,920 --> 01:10:16,080
Speaker 5: You know, media going wild. It hits time, how special

1507
01:10:16,120 --> 01:10:19,240
Speaker 5: and how many people are watching that race. It's an

1508
01:10:19,280 --> 01:10:20,360
Speaker 5: incredible moment.

1509
01:10:20,200 --> 01:10:23,240
Speaker 19: But it goes too quick and you want to win

1510
01:10:23,280 --> 01:10:25,559
Speaker 19: it again. It sounds obvious, but you want to win

1511
01:10:25,600 --> 01:10:27,240
Speaker 19: it again and just say, hey, just leave me alone

1512
01:10:27,280 --> 01:10:30,840
Speaker 19: for a minute, let me soak this in because before

1513
01:10:30,920 --> 01:10:32,920
Speaker 19: I knew it, when we won it in twenty thirteen,

1514
01:10:33,360 --> 01:10:35,240
Speaker 19: it was like Thursday or Friday, and I was like,

1515
01:10:36,040 --> 01:10:36,920
Speaker 19: where's the week gone?

1516
01:10:37,040 --> 01:10:37,080
Speaker 4: Like?

1517
01:10:37,840 --> 01:10:40,280
Speaker 19: It just it went like a blur and it's and

1518
01:10:40,320 --> 01:10:42,559
Speaker 19: then you go on race in Queensland two weeks later

1519
01:10:42,680 --> 01:10:45,360
Speaker 19: and have a good result or a bad result, and

1520
01:10:45,400 --> 01:10:47,120
Speaker 19: then you're either grumpy or happy again.

1521
01:10:47,160 --> 01:10:47,320
Speaker 4: You know.

1522
01:10:47,400 --> 01:10:49,719
Speaker 19: It's it's a race that you don't get to celebrate

1523
01:10:49,840 --> 01:10:52,439
Speaker 19: until you probably retire and really look back and go

1524
01:10:53,240 --> 01:10:55,680
Speaker 19: farra that was cool and I'm kind of at that point, but.

1525
01:10:55,960 --> 01:10:57,800
Speaker 16: Now I'm going back there to try and win it again.

1526
01:10:57,840 --> 01:11:01,879
Speaker 16: It's it's been credible And does that keep you satisfied?

1527
01:11:01,920 --> 01:11:03,320
Speaker 16: I mean, are you in a good place of life,

1528
01:11:03,360 --> 01:11:05,600
Speaker 16: You're doing some training, you're in duro racing. I mean,

1529
01:11:05,640 --> 01:11:06,960
Speaker 16: this is this all cream on the cake.

1530
01:11:07,479 --> 01:11:08,320
Speaker 5: I'm really happy.

1531
01:11:08,439 --> 01:11:11,640
Speaker 19: It's funny like people retire and they get depressed, and

1532
01:11:12,479 --> 01:11:14,920
Speaker 19: I'm like, I was worried about that, you know, because

1533
01:11:14,920 --> 01:11:17,439
Speaker 19: I thought one my wife would divorce me because I'm

1534
01:11:17,439 --> 01:11:20,960
Speaker 19: going to annoy it too much because I'm too competitive.

1535
01:11:21,000 --> 01:11:21,920
Speaker 5: It's hard to switch off.

1536
01:11:22,000 --> 01:11:25,760
Speaker 19: But I've actually really enjoyed it because I get to

1537
01:11:25,800 --> 01:11:27,599
Speaker 19: spend more time with my kids. I've got a lot

1538
01:11:27,680 --> 01:11:31,760
Speaker 19: going on outside of racing that is really exciting, you know.

1539
01:11:31,880 --> 01:11:35,679
Speaker 19: So yeah, I get to spend more time with my kids.

1540
01:11:36,040 --> 01:11:39,759
Speaker 19: We have that development program with the super two drivers

1541
01:11:39,800 --> 01:11:44,479
Speaker 19: for Tickford. They're such incredible young humans that I really

1542
01:11:44,560 --> 01:11:46,439
Speaker 19: enjoy spending my time with them. And I'm getting my

1543
01:11:46,560 --> 01:11:49,080
Speaker 19: racing fixed out of seeing their excitement and results, which

1544
01:11:49,120 --> 01:11:49,719
Speaker 19: is really cool.

1545
01:11:50,720 --> 01:11:51,639
Speaker 5: A bit of commentary.

1546
01:11:51,760 --> 01:11:56,160
Speaker 19: And then we've actually opened up two bakeries in Victoria

1547
01:11:56,920 --> 01:11:59,760
Speaker 19: with a baker So my life's busier than ever.

1548
01:12:01,160 --> 01:12:04,400
Speaker 5: But now I get to go on race. I haven't

1549
01:12:04,439 --> 01:12:04,760
Speaker 5: missed it.

1550
01:12:04,880 --> 01:12:06,400
Speaker 19: And then I drove the car at the test day

1551
01:12:06,400 --> 01:12:09,360
Speaker 19: the other day and I was like getting nick can like,

1552
01:12:09,479 --> 01:12:11,479
Speaker 19: I want this car now it's mine for a little bit.

1553
01:12:11,600 --> 01:12:15,479
Speaker 19: So yeah, So there's a lot going on, but really

1554
01:12:15,520 --> 01:12:18,360
Speaker 19: happy with where I'm at in life and probably become

1555
01:12:18,400 --> 01:12:22,080
Speaker 19: a better person because when you raise you see bad

1556
01:12:22,160 --> 01:12:24,080
Speaker 19: in everyone because you're trying to compete and beat them.

1557
01:12:24,560 --> 01:12:27,519
Speaker 5: And now I'm actually like, they're actually good people.

1558
01:12:27,560 --> 01:12:30,040
Speaker 19: A lot of these people I used to villainize in

1559
01:12:30,080 --> 01:12:32,680
Speaker 19: my head, you know. So now I'm really happy in

1560
01:12:33,400 --> 01:12:34,599
Speaker 19: having a good time, which is good.

1561
01:12:34,840 --> 01:12:37,439
Speaker 2: Well, that's good to hear. Good luck at Bathhurst, good

1562
01:12:37,520 --> 01:12:39,519
Speaker 2: luck with the book, good luck with the bakery. Of course,

1563
01:12:39,880 --> 01:12:41,960
Speaker 2: terrific to talk to you, Thank you mate, thanks for

1564
01:12:42,080 --> 01:12:44,200
Speaker 2: chatting Mark Winterbottom and it's say twenty.

1565
01:12:44,040 --> 01:12:47,920
Speaker 3: Three them my hosting breakfast with rainthrow b and use

1566
01:12:48,000 --> 01:12:48,519
Speaker 3: Tom's deed b.

1567
01:12:49,000 --> 01:12:51,320
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1568
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1570
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1575
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1576
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1580
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1581
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1583
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1584
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Speaker 2: And who doesn't want a bit of that action? Pasking

1585
01:13:40,400 --> 01:13:43,200
Speaker 2: the book, by the way, Frosty, the incredible true story

1586
01:13:43,240 --> 01:13:45,200
Speaker 2: of the boy from doone Side who became a bathist

1587
01:13:45,320 --> 01:13:48,000
Speaker 2: Ken great interview with winter Bottom, Mike an intelligent reflection

1588
01:13:48,120 --> 01:13:50,599
Speaker 2: on a long career in his continuing passion for motorsport.

1589
01:13:50,680 --> 01:13:53,600
Speaker 2: Can't argue with that, Thank you very much, Phil, and

1590
01:13:53,840 --> 01:13:56,439
Speaker 2: I think he probably goes in the pile of possibly

1591
01:13:56,640 --> 01:13:59,800
Speaker 2: the nicest guy to appear on the show in twenty

1592
01:13:59,800 --> 01:14:02,519
Speaker 2: two twenty five. Speaking of nice guys, Into Brady's doing

1593
01:14:02,560 --> 01:14:05,920
Speaker 2: the business this morning for Rod and we'll talk asylum

1594
01:14:06,040 --> 01:14:07,120
Speaker 2: among many other matters.

1595
01:14:07,360 --> 01:14:12,599
Speaker 1: Shortly news, opinion and everything in between, the mic costing

1596
01:14:12,680 --> 01:14:17,560
Speaker 1: breakfast with Bailey's real estate altogether better across residential, commercial,

1597
01:14:17,720 --> 01:14:18,240
Speaker 1: and rural.

1598
01:14:18,360 --> 01:14:19,400
Speaker 3: News talks HEADB.

1599
01:14:19,720 --> 01:14:22,960
Speaker 2: Quickly running through zime, which is the company that runs

1600
01:14:23,000 --> 01:14:26,439
Speaker 2: news talk ZEDB has reported to the market this morning.

1601
01:14:27,200 --> 01:14:29,920
Speaker 2: There's a loss after net loss after tax of zero

1602
01:14:30,040 --> 01:14:33,120
Speaker 2: point four million, which is next to nothing. That's after

1603
01:14:33,160 --> 01:14:35,640
Speaker 2: a five point two million dollar non recurring cost. One

1604
01:14:35,760 --> 01:14:38,200
Speaker 2: roof outperformed the market. This is the real estate part

1605
01:14:38,240 --> 01:14:42,080
Speaker 2: of the business. One route outperform the market sixteen percent

1606
01:14:42,160 --> 01:14:44,599
Speaker 2: growth and residential listings revenue compared with the one percent

1607
01:14:44,640 --> 01:14:48,000
Speaker 2: growth and real estate industry market Listings Audio division that's

1608
01:14:48,080 --> 01:14:52,000
Speaker 2: this up again, grew from fifty six point four million

1609
01:14:52,000 --> 01:14:53,960
Speaker 2: to fifty seven point one so we're on the right

1610
01:14:54,040 --> 01:14:56,400
Speaker 2: side of that equation. Digital revenue was up by six

1611
01:14:56,479 --> 01:15:00,400
Speaker 2: percent for the same period. Growth is expected to lift further,

1612
01:15:01,479 --> 01:15:06,080
Speaker 2: so that is bullish. Podcast revenue has increased further. A

1613
01:15:06,520 --> 01:15:09,720
Speaker 2: share of digital audio revenue obtained from podcasts grew by

1614
01:15:09,840 --> 01:15:12,680
Speaker 2: three percent to thirty two percent, so that's good. Subscriptions

1615
01:15:13,680 --> 01:15:16,240
Speaker 2: Publishing division continued to grow with a five percent year

1616
01:15:16,280 --> 01:15:19,120
Speaker 2: on year increase, supported by sustained up taking digital subscription,

1617
01:15:19,280 --> 01:15:25,320
Speaker 2: so that's encouraging. Talked about the past year, the problems,

1618
01:15:25,439 --> 01:15:27,280
Speaker 2: the you know, all the stuff that you will have

1619
01:15:27,360 --> 01:15:31,080
Speaker 2: read about at the time. There's some information on the

1620
01:15:31,120 --> 01:15:34,000
Speaker 2: new Editorial Advisory Board, which if you be really interested

1621
01:15:34,080 --> 01:15:38,759
Speaker 2: you can read talks about the economy. It's not bad overall,

1622
01:15:38,880 --> 01:15:43,080
Speaker 2: I guess not bad. We're here tomorrow. Good sign twenty

1623
01:15:43,120 --> 01:15:43,920
Speaker 2: ten minutes away.

1624
01:15:43,760 --> 01:15:48,000
Speaker 1: From nine international correspondence with ends and eye insurance. Peace

1625
01:15:48,040 --> 01:15:49,400
Speaker 1: of mind for New Zealand business.

1626
01:15:49,760 --> 01:15:51,320
Speaker 2: Brad, You're doing the business on the other side of

1627
01:15:51,320 --> 01:15:53,599
Speaker 2: the world for us Tuesday morning, and a good morning

1628
01:15:53,640 --> 01:15:53,800
Speaker 2: to you.

1629
01:15:54,720 --> 01:15:56,519
Speaker 20: Good morning mate, great to speak to you again and

1630
01:15:56,720 --> 01:15:57,160
Speaker 20: to you too.

1631
01:15:57,240 --> 01:15:59,799
Speaker 2: So I've got the numbers. One hundred and eleven thousand,

1632
01:16:00,000 --> 01:16:01,560
Speaker 2: I think was the number I came to as the

1633
01:16:01,800 --> 01:16:04,000
Speaker 2: number of people turning up on the country illegally and

1634
01:16:04,120 --> 01:16:06,080
Speaker 2: applying for a son island and in the government also,

1635
01:16:06,160 --> 01:16:09,600
Speaker 2: I was hauling the system. So where are we with that?

1636
01:16:09,760 --> 01:16:10,519
Speaker 2: Is anyone winning?

1637
01:16:12,360 --> 01:16:12,400
Speaker 4: No?

1638
01:16:12,760 --> 01:16:16,440
Speaker 20: In a word, I mean people breaking into the UK illegally.

1639
01:16:16,640 --> 01:16:20,040
Speaker 20: That's what the criticism is. Everyone is up in arms

1640
01:16:20,080 --> 01:16:22,600
Speaker 20: over this. The people who are coming here appear to

1641
01:16:22,640 --> 01:16:25,760
Speaker 20: be winning, and my reading of it Mike is this

1642
01:16:25,920 --> 01:16:29,400
Speaker 20: is getting very dangerous for Starmer. People have had enough.

1643
01:16:29,560 --> 01:16:32,760
Speaker 20: They're very very angry about what's been going on here,

1644
01:16:33,280 --> 01:16:36,519
Speaker 20: and ultimately Stamer needs to sort this out. So you've

1645
01:16:36,560 --> 01:16:40,640
Speaker 20: got one hundred and eleven thousand asylum applications in the

1646
01:16:40,680 --> 01:16:44,360
Speaker 20: past twelve months, fifty thousand people have come across here

1647
01:16:44,760 --> 01:16:49,120
Speaker 20: on Dinghy's since he became Prime minister, and Nigel Farage

1648
01:16:49,400 --> 01:16:52,120
Speaker 20: in the next few hours in the morning here is

1649
01:16:52,200 --> 01:16:55,240
Speaker 20: going to lay bare his plans to sort this out.

1650
01:16:55,520 --> 01:16:57,600
Speaker 20: And he's given an interview at the weekend saying that

1651
01:16:57,680 --> 01:17:00,360
Speaker 20: he becomes Prime minister in four years time, he will

1652
01:17:00,439 --> 01:17:02,560
Speaker 20: start mass deportations.

1653
01:17:02,800 --> 01:17:05,439
Speaker 2: See this is where he's going to go. Well, because

1654
01:17:05,560 --> 01:17:08,160
Speaker 2: Trump's sit the gender on that particular thing. But what

1655
01:17:08,280 --> 01:17:10,120
Speaker 2: about the legals. I mean, here's he addressed that. So

1656
01:17:10,200 --> 01:17:12,559
Speaker 2: he wants to send them off to Afghanistan, Iraitrea, etc.

1657
01:17:13,280 --> 01:17:15,679
Speaker 2: But the courts got involved the last time that idea

1658
01:17:15,800 --> 01:17:17,240
Speaker 2: came up, So what's he do about it?

1659
01:17:18,600 --> 01:17:22,479
Speaker 20: So Foraj's argument is that whatever happens someone who gets

1660
01:17:22,520 --> 01:17:25,400
Speaker 20: sent to Afghanistan, that's not his problem. It's not the

1661
01:17:25,560 --> 01:17:28,960
Speaker 20: UK's business. Yes, there are some poor, terrible countries out there,

1662
01:17:29,040 --> 01:17:32,000
Speaker 20: but why should Britain be worried about them? To get

1663
01:17:32,040 --> 01:17:34,560
Speaker 20: around the legalities of it all, what he wants to

1664
01:17:34,680 --> 01:17:37,639
Speaker 20: do is take the UK out of the European Convention

1665
01:17:37,840 --> 01:17:39,760
Speaker 20: on Human Rights, and he says he will do that

1666
01:17:39,920 --> 01:17:43,679
Speaker 20: on day one as Prime Minister. So Starmer just really

1667
01:17:43,760 --> 01:17:46,800
Speaker 20: needs to address this, start getting serious about stopping the

1668
01:17:46,880 --> 01:17:48,800
Speaker 20: boats and people coming over illegally.

1669
01:17:49,240 --> 01:17:49,720
Speaker 3: It's a mess.

1670
01:17:49,920 --> 01:17:50,880
Speaker 2: It's a complete mess.

1671
01:17:51,200 --> 01:17:52,599
Speaker 20: I've been away for ten days.

1672
01:17:52,640 --> 01:17:53,080
Speaker 2: I've been in.

1673
01:17:53,120 --> 01:17:56,280
Speaker 20: Ireland and I've just driven back from Wexford, where I'm from,

1674
01:17:56,360 --> 01:17:59,439
Speaker 20: in Ireland, through Wales. Soon as we got into England

1675
01:18:00,000 --> 01:18:03,960
Speaker 20: starting to see more and more English flags hanging off motorways,

1676
01:18:04,040 --> 01:18:09,439
Speaker 20: off people's houses. People are getting very very patriotic and

1677
01:18:10,120 --> 01:18:13,639
Speaker 20: being pushed towards right wing speakers like farash Ah.

1678
01:18:13,800 --> 01:18:15,880
Speaker 2: Now that would be the very artical origius. Today on

1679
01:18:15,920 --> 01:18:19,200
Speaker 2: the BBC national flags have started lining our streets. They

1680
01:18:19,320 --> 01:18:23,000
Speaker 2: may say something more. So this apparently all began in Birmingham,

1681
01:18:23,200 --> 01:18:26,720
Speaker 2: and so there's something more being that we're a bit

1682
01:18:26,800 --> 01:18:28,720
Speaker 2: anti immigrant and things are a bit engsty and could

1683
01:18:28,720 --> 01:18:30,080
Speaker 2: get a bit ugly. Is that the inference?

1684
01:18:31,160 --> 01:18:35,680
Speaker 20: Yeah, precisely. So we're seeing protests outside these asylum seeker hotels.

1685
01:18:36,280 --> 01:18:39,680
Speaker 20: Sixteen million dollars a day of taxpayers cash is being

1686
01:18:39,800 --> 01:18:44,320
Speaker 20: spent on these hotels. People are very very angry. I mean,

1687
01:18:44,680 --> 01:18:47,240
Speaker 20: you can't get a hospital appointment, you can't see a doctor.

1688
01:18:47,680 --> 01:18:50,600
Speaker 20: If you've got young people in your family trying to

1689
01:18:50,880 --> 01:18:53,759
Speaker 20: get a unit by a house, it's very, very difficult.

1690
01:18:54,000 --> 01:18:56,400
Speaker 20: And the narrative being peddled is that these people are

1691
01:18:56,439 --> 01:18:59,880
Speaker 20: coming here and being given everything. It's hard to argue again.

1692
01:19:00,640 --> 01:19:04,280
Speaker 2: So on one hand he's getting pulled by Farage. The

1693
01:19:04,360 --> 01:19:08,080
Speaker 2: other side is Corbyn's new party. What whit do you place?

1694
01:19:08,160 --> 01:19:10,120
Speaker 2: The point being Corbyn's got a lot of sign ups.

1695
01:19:10,160 --> 01:19:11,680
Speaker 2: This seems to be a bit of traction. He may

1696
01:19:11,960 --> 01:19:14,680
Speaker 2: never win a seat, but what he potentially will do

1697
01:19:14,960 --> 01:19:17,360
Speaker 2: is split the vote. So if Labour's vote gets split

1698
01:19:17,680 --> 01:19:21,439
Speaker 2: by Corbin and Farage is doing the old anti immigration thing,

1699
01:19:21,520 --> 01:19:25,240
Speaker 2: then the yacentrist parties have about trouble, haven't I Yeah,

1700
01:19:25,280 --> 01:19:25,680
Speaker 2: big time.

1701
01:19:25,760 --> 01:19:28,240
Speaker 20: So what we're seeing is a complete fragmentation of UK

1702
01:19:28,439 --> 01:19:31,920
Speaker 20: politics right now. But let's just hold our horses here

1703
01:19:32,040 --> 01:19:35,479
Speaker 20: about reform. Yeah, they're riding high now, They're four years

1704
01:19:35,680 --> 01:19:39,120
Speaker 20: out from the next election. They've got five members of Parliament.

1705
01:19:39,479 --> 01:19:41,920
Speaker 20: Do they have the political structure and the roots and

1706
01:19:41,960 --> 01:19:45,600
Speaker 20: the infrastructure to go up against Labor and even a

1707
01:19:45,760 --> 01:19:49,280
Speaker 20: much smaller Conservative party as they are right now. Corbin

1708
01:19:49,600 --> 01:19:52,160
Speaker 20: may well take some vote away, but they will be

1709
01:19:52,439 --> 01:19:55,160
Speaker 20: left wing voters from the very left wing of the

1710
01:19:55,240 --> 01:19:58,679
Speaker 20: Labor Party. I don't think it's going to DNSE starmer,

1711
01:19:58,800 --> 01:20:00,680
Speaker 20: but what we're seeing a big fragmentation.

1712
01:20:02,760 --> 01:20:04,559
Speaker 2: There's some talk this morning. I mean this has been

1713
01:20:04,600 --> 01:20:07,280
Speaker 2: ongoing and it's building up to the budget coming later

1714
01:20:07,360 --> 01:20:09,439
Speaker 2: in the year and some Texas and wealth Texas and

1715
01:20:09,520 --> 01:20:13,080
Speaker 2: capital gowns Texas. But now we're talking about the possibility

1716
01:20:13,160 --> 01:20:16,840
Speaker 2: of an IMF Baila. How much trouble is reebs in?

1717
01:20:18,360 --> 01:20:18,960
Speaker 2: Oh huge?

1718
01:20:19,200 --> 01:20:23,000
Speaker 20: So financially the UK is screwed. Let's just face facts here.

1719
01:20:23,680 --> 01:20:26,519
Speaker 20: There's one hundred and twenty billion dollar of a black

1720
01:20:26,560 --> 01:20:29,920
Speaker 20: hole at the last month, so the government is spending

1721
01:20:30,000 --> 01:20:32,559
Speaker 20: way more money than is coming in. An awful lot

1722
01:20:32,600 --> 01:20:35,920
Speaker 20: of very wealthy people have left the country concerned about

1723
01:20:36,360 --> 01:20:39,040
Speaker 20: taxes that are just simply too high for them. They're

1724
01:20:39,120 --> 01:20:42,240
Speaker 20: moving to Italy, Switzerland, Dubai. They're getting out of here.

1725
01:20:43,280 --> 01:20:46,520
Speaker 20: Are we quite at the level of Ireland and Portugal

1726
01:20:46,600 --> 01:20:49,479
Speaker 20: and Greece and Cyprus not that long ago. I don't

1727
01:20:49,520 --> 01:20:52,080
Speaker 20: think so. But she needs to get her act together,

1728
01:20:52,479 --> 01:20:56,040
Speaker 20: and I think the problem she has. I'm no economists,

1729
01:20:56,080 --> 01:20:58,000
Speaker 20: but I can tell you there are nine point two

1730
01:20:58,120 --> 01:21:02,360
Speaker 20: million adults of working age here doing nothing, not working,

1731
01:21:02,800 --> 01:21:07,320
Speaker 20: not in employment, not in education, not in training, contributing nothing.

1732
01:21:08,439 --> 01:21:11,880
Speaker 20: And my suspicion is these are the very same people

1733
01:21:11,880 --> 01:21:15,559
Speaker 20: who are outside these asylum seekers the hotels. They seem

1734
01:21:15,600 --> 01:21:17,280
Speaker 20: to have an awful lot of time on their hands.

1735
01:21:17,320 --> 01:21:17,519
Speaker 2: Mike.

1736
01:21:17,960 --> 01:21:20,920
Speaker 20: Getting those people working and paying tax would certainly help.

1737
01:21:21,800 --> 01:21:23,519
Speaker 2: It is always a pretty good to catch up. Let's

1738
01:21:23,520 --> 01:21:25,960
Speaker 2: talk again soon. Andon Brady out of Britain for us

1739
01:21:26,000 --> 01:21:28,160
Speaker 2: this morning, just very quickly before we leave that part

1740
01:21:28,160 --> 01:21:30,479
Speaker 2: of the world. If you're convicted of crimes in England

1741
01:21:30,520 --> 01:21:32,000
Speaker 2: and Wales, you're going to be barred from going to

1742
01:21:32,040 --> 01:21:35,000
Speaker 2: a public concert or a sports match. In other words,

1743
01:21:35,040 --> 01:21:37,960
Speaker 2: they're changing the sentencing rules that would allow courts imposing

1744
01:21:38,040 --> 01:21:40,800
Speaker 2: non custodials to have the power to hand out driving

1745
01:21:40,880 --> 01:21:43,120
Speaker 2: and travel bands as well, so that it'll be interesting

1746
01:21:43,160 --> 01:21:44,439
Speaker 2: to see how that goes. And I was just talking

1747
01:21:44,479 --> 01:21:47,280
Speaker 2: about earlier on about the jobs in Britain. Do you

1748
01:21:47,439 --> 01:21:51,920
Speaker 2: realize more than half of the UK's job losses since

1749
01:21:52,000 --> 01:21:55,040
Speaker 2: the last budget have been in hospital, eighty nine thousand

1750
01:21:55,160 --> 01:21:58,160
Speaker 2: of them. So it's a tremendousnmbing. It's one hundred and

1751
01:21:58,160 --> 01:22:01,479
Speaker 2: twenty three thousand venues in Britain, se recounts for fifty

1752
01:22:01,680 --> 01:22:06,439
Speaker 2: three percent of all job losses in the UK, So

1753
01:22:06,760 --> 01:22:08,679
Speaker 2: they're in trouble. It's got an angst about it Britain

1754
01:22:08,680 --> 01:22:09,920
Speaker 2: at the moment, doesn't it? Sixteen too?

1755
01:22:11,560 --> 01:22:15,960
Speaker 1: The like asking Breakfast Full Show podcast on iHeartRadio powered

1756
01:22:16,000 --> 01:22:17,000
Speaker 1: by News Talks.

1757
01:22:16,720 --> 01:22:17,000
Speaker 15: At be.

1758
01:22:18,680 --> 01:22:20,519
Speaker 2: Mike, you're a petrol head and mother sounds of things.

1759
01:22:20,560 --> 01:22:22,280
Speaker 2: You may think you have some talent behind the wheel.

1760
01:22:22,280 --> 01:22:24,720
Speaker 2: Why not get into karting? It's a great sport. Came

1761
01:22:24,760 --> 01:22:26,679
Speaker 2: out of the window bottom interview. Why not get into krting?

1762
01:22:26,720 --> 01:22:28,560
Speaker 2: It's a great sport, not just for the young. I

1763
01:22:28,760 --> 01:22:32,000
Speaker 2: won a North Ireland title at fifty, so why not

1764
01:22:32,080 --> 01:22:33,840
Speaker 2: have it go? Thank you, Peter. I had a mayjew

1765
01:22:33,880 --> 01:22:37,599
Speaker 2: go katz and he travels all around Australia and it's

1766
01:22:37,600 --> 01:22:39,600
Speaker 2: a very accessible sort of motorsport too as far as

1767
01:22:39,680 --> 01:22:41,960
Speaker 2: cost is concerned. By the way I mentioned country calendar,

1768
01:22:42,040 --> 01:22:43,960
Speaker 2: I got onto this I recorded it over the weekend

1769
01:22:44,000 --> 01:22:46,240
Speaker 2: because I didn't have time. Got back to it yesterday.

1770
01:22:46,920 --> 01:22:50,080
Speaker 2: And it's always worth watching Country Calendar because it just

1771
01:22:50,200 --> 01:22:52,760
Speaker 2: reminds you of how many New Zealanders there are out

1772
01:22:52,800 --> 01:22:56,280
Speaker 2: there doing things you've never seen specifically anyway, this was

1773
01:22:56,320 --> 01:22:58,519
Speaker 2: a kiwi fruit family and the land had been in

1774
01:22:58,560 --> 01:23:01,240
Speaker 2: the family since the eighties, and they've gone through PSA

1775
01:23:01,400 --> 01:23:03,200
Speaker 2: and they changed from green to gold and all that

1776
01:23:03,240 --> 01:23:04,720
Speaker 2: sort of stuff, and what they're doing and how they

1777
01:23:04,760 --> 01:23:06,400
Speaker 2: do it and all that's interesting in itself. But one

1778
01:23:06,439 --> 01:23:08,320
Speaker 2: of the things they had was some South African tech

1779
01:23:08,760 --> 01:23:11,000
Speaker 2: that they use on their phones. And I remember doing

1780
01:23:11,040 --> 01:23:13,920
Speaker 2: this because my dad used to own a bit of

1781
01:23:14,120 --> 01:23:16,439
Speaker 2: kiwi fruit and you used to go out with your

1782
01:23:16,600 --> 01:23:19,120
Speaker 2: little pincers and you measure your kiwi fruit and then

1783
01:23:19,160 --> 01:23:21,000
Speaker 2: you'd write it down and put it in a diary.

1784
01:23:21,080 --> 01:23:22,519
Speaker 2: Then you add it all up and you'd work out

1785
01:23:22,640 --> 01:23:24,719
Speaker 2: from basically the size and way of the kiwi fruit.

1786
01:23:24,960 --> 01:23:26,679
Speaker 2: These days, you just go around with your phone. Click

1787
01:23:26,720 --> 01:23:29,120
Speaker 2: click click, click, click, click click click click, take take

1788
01:23:29,200 --> 01:23:31,960
Speaker 2: some photos. They've got the starlink on the back of

1789
01:23:32,000 --> 01:23:34,559
Speaker 2: the truck. You take it from the phone to the starlink.

1790
01:23:35,600 --> 01:23:38,000
Speaker 2: Its back Bank tells you exactly how much you've got.

1791
01:23:38,080 --> 01:23:40,280
Speaker 2: They do a day's worth of what would have been

1792
01:23:40,320 --> 01:23:44,840
Speaker 2: a day's worth of work in half an hour. That's technology,

1793
01:23:44,920 --> 01:23:47,120
Speaker 2: that's progress. But it's a lovely story. They're a lovely

1794
01:23:47,200 --> 01:23:49,599
Speaker 2: family and as always, it's well worth watching the other

1795
01:23:49,680 --> 01:23:53,040
Speaker 2: thing quickly. I wish the very best to because there

1796
01:23:53,040 --> 01:23:56,160
Speaker 2: seems no lack of energy and the tourism sector, and

1797
01:23:56,360 --> 01:23:59,240
Speaker 2: we're looking to get this thing going because we're back

1798
01:23:59,280 --> 01:24:01,200
Speaker 2: at eighty six eighty seven percent of people arriving in

1799
01:24:01,240 --> 01:24:02,960
Speaker 2: the country and my god, do we need the tourism

1800
01:24:03,000 --> 01:24:06,080
Speaker 2: industry to fire up. So there's two tourism groups they

1801
01:24:06,200 --> 01:24:08,920
Speaker 2: wanting an integrated campaign. This is the Backpacking, Youth and

1802
01:24:08,920 --> 01:24:12,040
Speaker 2: Adventure Tourism Association in the HOSPOW in New Zealand. They

1803
01:24:12,120 --> 01:24:15,960
Speaker 2: want stronger action to attract working travelers. Lilo Hostel Managing

1804
01:24:16,040 --> 01:24:19,000
Speaker 2: director Timmel, he's been around for years. He wants the

1805
01:24:19,080 --> 01:24:22,920
Speaker 2: working holiday visa rage extended past thirty five. He wants

1806
01:24:22,960 --> 01:24:25,320
Speaker 2: it to go to fifty. And the thing about when

1807
01:24:25,360 --> 01:24:27,639
Speaker 2: you think about the working holiday visa, you think about

1808
01:24:27,800 --> 01:24:30,000
Speaker 2: youngish people traveling around the country, don't you You know

1809
01:24:30,040 --> 01:24:31,880
Speaker 2: they've got a backpack and they'll do a bit of

1810
01:24:31,920 --> 01:24:33,599
Speaker 2: bar work and a bit of hospow work or whatever

1811
01:24:33,680 --> 01:24:36,600
Speaker 2: the case. Are you still traveling around as on a

1812
01:24:36,680 --> 01:24:40,320
Speaker 2: holiday working visa when you're fifty? Are you? Would that

1813
01:24:40,400 --> 01:24:42,439
Speaker 2: make a difference if you did this? Next time we

1814
01:24:42,520 --> 01:24:45,400
Speaker 2: get Nicola, not Nikola willis what's his name, Erica stamford On.

1815
01:24:46,200 --> 01:24:48,280
Speaker 2: We'll ask whether they're looking at that. But they want

1816
01:24:48,320 --> 01:24:50,880
Speaker 2: the visa age extended from eighteen to thirty five up

1817
01:24:50,960 --> 01:24:54,560
Speaker 2: to fifty. Number of working holiday visa has been steadily declining.

1818
01:24:54,920 --> 01:24:57,920
Speaker 2: They've got research It shows working travelers support more than

1819
01:24:57,960 --> 01:25:00,479
Speaker 2: one point two local jobs per visit, so which dollars

1820
01:25:00,560 --> 01:25:04,519
Speaker 2: spent by a youth visitor generates a buck forty in

1821
01:25:04,680 --> 01:25:08,479
Speaker 2: regional economic activity. Number of working travelers in the country's

1822
01:25:08,520 --> 01:25:12,280
Speaker 2: drop by more than half since twenty sixteen, so they're

1823
01:25:12,320 --> 01:25:14,840
Speaker 2: not coming either. So they've got this campaign, these two groups,

1824
01:25:14,880 --> 01:25:18,439
Speaker 2: the Backpacking Youth and Adventure Tourism Association, along with Hospoit

1825
01:25:18,479 --> 01:25:20,759
Speaker 2: New Zealand, and they want to fire up the tourism industry.

1826
01:25:20,800 --> 01:25:23,479
Speaker 16: So some digital nomad for us over there won't there.

1827
01:25:24,040 --> 01:25:26,320
Speaker 2: It's not a bad point. Actually, wonder whether they're the

1828
01:25:26,360 --> 01:25:28,760
Speaker 2: same thing. But anyway, remind me next time Eric is on,

1829
01:25:28,840 --> 01:25:31,000
Speaker 2: will see if we can't get some answers. Nine Away

1830
01:25:31,040 --> 01:25:31,679
Speaker 2: from nine.

1831
01:25:32,240 --> 01:25:36,200
Speaker 1: The mic Hosking Breakfast with Bailey's real estate news dog Dead.

1832
01:25:36,240 --> 01:25:39,320
Speaker 2: The Sadema Hotel celebrating twenty five years right twenty fifth

1833
01:25:39,360 --> 01:25:41,720
Speaker 2: birthday and instead of cake, the serving up deals that

1834
01:25:41,880 --> 01:25:43,519
Speaker 2: you will want to unwrap. So we got for a

1835
01:25:43,560 --> 01:25:45,439
Speaker 2: week only, you can grab one of one hundred rooms

1836
01:25:45,479 --> 01:25:47,720
Speaker 2: for just twenty five bucks. I mean that is a deal.

1837
01:25:47,760 --> 01:25:50,800
Speaker 2: One hundred rooms for just twenty five bucks. If you've

1838
01:25:50,800 --> 01:25:52,400
Speaker 2: got another day to mind, you can take twenty five

1839
01:25:52,400 --> 01:25:54,679
Speaker 2: percent off your next day. So this is a Sadima

1840
01:25:54,720 --> 01:25:56,519
Speaker 2: Hotel's way of saying thank you for twenty five years

1841
01:25:56,560 --> 01:25:58,639
Speaker 2: of being part of your travel. So from the first

1842
01:25:58,720 --> 01:26:00,720
Speaker 2: welcome at check into the blist will night sleep, and

1843
01:26:00,760 --> 01:26:02,840
Speaker 2: all the thoughtful little touches in between. They know how

1844
01:26:02,880 --> 01:26:06,599
Speaker 2: to make every stay special. Where are they Auckland, Rotororu

1845
01:26:06,680 --> 01:26:10,360
Speaker 2: at Kaikoura, christ Church, Queenstown. There's a Sedema waiting whether

1846
01:26:10,360 --> 01:26:12,320
Speaker 2: your plans take you to a city break or a

1847
01:26:12,360 --> 01:26:14,760
Speaker 2: coastal escape, or a therminal a mountain adventure, But you

1848
01:26:14,880 --> 01:26:17,280
Speaker 2: better hurry the birthday bash. It's brilliant. It ends Monday,

1849
01:26:17,560 --> 01:26:20,559
Speaker 2: but those twenty five dollar rooms may disappear sooner as

1850
01:26:20,640 --> 01:26:23,559
Speaker 2: you can imagine. So celebrate twenty five years, one hundred

1851
01:26:23,560 --> 01:26:26,320
Speaker 2: and twenty five dollar rooms or twenty five percent off

1852
01:26:26,600 --> 01:26:29,240
Speaker 2: book by the first of September. Here's the details. Sadema

1853
01:26:29,320 --> 01:26:34,920
Speaker 2: Hotels dot com. Sedema Hotels dot com. Ask it Mike,

1854
01:26:35,080 --> 01:26:37,960
Speaker 2: what you record? Why not go the tbn z app

1855
01:26:38,000 --> 01:26:41,000
Speaker 2: and watch old episodes? Less ads? It's few ads. But nevertheless,

1856
01:26:41,040 --> 01:26:43,160
Speaker 2: the reason you don't do that is count spin. You

1857
01:26:43,240 --> 01:26:45,920
Speaker 2: spin through things when the old fashion record. When you

1858
01:26:46,000 --> 01:26:48,160
Speaker 2: record something, you spin it through back, forward, up and down.

1859
01:26:49,280 --> 01:26:52,080
Speaker 2: The streaming does not spin the same way, much to

1860
01:26:52,160 --> 01:26:54,879
Speaker 2: my ongoing frustration. Five minutes away from nine.

1861
01:26:56,520 --> 01:27:01,639
Speaker 3: Trending now with Chemist where great savings every day?

1862
01:27:01,760 --> 01:27:04,880
Speaker 2: So Medvedev Daniel tennis player. He's at the US Open.

1863
01:27:04,920 --> 01:27:06,880
Speaker 2: This is going viral as we speak. I watched it

1864
01:27:07,000 --> 01:27:10,479
Speaker 2: this morning. He's such a cock anyway, so he's he's

1865
01:27:10,640 --> 01:27:14,519
Speaker 2: he's got a problem. He's number world number thirteen. He's

1866
01:27:14,560 --> 01:27:17,280
Speaker 2: playing a bloke called Bonzi who misses the first serve

1867
01:27:17,400 --> 01:27:19,920
Speaker 2: on match point. Photographer runs down the side of the

1868
01:27:20,000 --> 01:27:21,439
Speaker 2: quarters the problem, then this happens.

1869
01:27:21,520 --> 01:27:26,719
Speaker 3: Get up the court please, looks like a photographer headchs

1870
01:27:28,920 --> 01:27:30,559
Speaker 3: on to the court, ladies and gentlemen.

1871
01:27:30,640 --> 01:27:32,240
Speaker 20: Because of the delay, carts by an.

1872
01:27:32,880 --> 01:27:34,000
Speaker 3: Are getting a first serve.

1873
01:27:34,160 --> 01:27:35,879
Speaker 9: No word.

1874
01:27:37,160 --> 01:27:40,280
Speaker 3: Meant that of encouraging the crowd right now to keep doing.

1875
01:27:41,040 --> 01:27:43,479
Speaker 2: The prefer you want to go home. He wants to

1876
01:27:43,560 --> 01:27:44,120
Speaker 2: go home, guys.

1877
01:27:44,200 --> 01:27:45,280
Speaker 6: He doesn't like to be here.

1878
01:27:45,520 --> 01:27:47,360
Speaker 2: He gets paid by the match, not by dow.

1879
01:27:48,040 --> 01:27:49,920
Speaker 19: Yeah what did rile?

1880
01:27:51,120 --> 01:27:51,880
Speaker 15: What did right.

1881
01:27:54,000 --> 01:27:54,519
Speaker 4: Let play?

1882
01:27:55,240 --> 01:27:58,680
Speaker 2: Yeah? So Opelka is the other player who called the

1883
01:27:58,840 --> 01:28:02,200
Speaker 2: umpire the consensus worst among players and should be suspended.

1884
01:28:02,240 --> 01:28:04,000
Speaker 2: He copped to fine her forty thousand dollars. Have you

1885
01:28:04,040 --> 01:28:07,400
Speaker 2: missed that? Because it's slightly complicated. The guy missed the serve,

1886
01:28:08,200 --> 01:28:11,720
Speaker 2: photographer runs on and the umpire goes. Well, because the

1887
01:28:11,840 --> 01:28:13,960
Speaker 2: umpire ran on, you can have that first serve again.

1888
01:28:14,160 --> 01:28:18,759
Speaker 2: It was match point, and quite rightly, Medvedev was ropable

1889
01:28:19,120 --> 01:28:21,320
Speaker 2: as he should have been, and the crowd were too.

1890
01:28:21,840 --> 01:28:23,880
Speaker 2: But the problem is he didn't need to go on

1891
01:28:23,960 --> 01:28:25,640
Speaker 2: and do what he did. So I'm assuming there's some

1892
01:28:25,760 --> 01:28:27,960
Speaker 2: sort of fallout out of all of that, even as

1893
01:28:28,640 --> 01:28:30,479
Speaker 2: I don't know if it's his wife or his girlfriend.

1894
01:28:30,560 --> 01:28:31,920
Speaker 2: But she had her head in the hands and she

1895
01:28:32,080 --> 01:28:34,519
Speaker 2: was all a bit embarrassed about it. But the important

1896
01:28:34,560 --> 01:28:36,800
Speaker 2: thing about the US Open all the balls are made

1897
01:28:36,840 --> 01:28:38,519
Speaker 2: of New Zealand wool, so that's all you need to

1898
01:28:38,560 --> 01:28:40,320
Speaker 2: know about, So it doesn't really matter what else happened.

1899
01:28:40,320 --> 01:28:43,439
Speaker 2: The balls will be made of New Zealand wool. Have

1900
01:28:43,520 --> 01:28:44,920
Speaker 2: you ever smashed up a racket like that?

1901
01:28:45,960 --> 01:28:46,040
Speaker 4: Ye?

1902
01:28:47,320 --> 01:28:49,160
Speaker 2: No, funnily enough, that was the other thing he did.

1903
01:28:49,240 --> 01:28:50,720
Speaker 2: He'd he took some rackets at the end of the

1904
01:28:50,760 --> 01:28:52,880
Speaker 2: game and just sat there, didn't even stand, he just

1905
01:28:53,000 --> 01:28:56,639
Speaker 2: sat there smashing them to pieces. So he's at back

1906
01:28:56,680 --> 01:28:59,720
Speaker 2: tomorrow morning from six if he does.

1907
01:29:07,200 --> 01:29:10,040
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1908
01:29:10,200 --> 01:29:13,240
Speaker 1: News Talks at B from six am weekdays, or follow

1909
01:29:13,320 --> 01:29:14,840
Speaker 1: the podcast on iHeartRadio.