1 00:00:00,200 --> 00:00:02,240 Speaker 1: Right. Oh, let's go to Australia. Steve Price, very good 2 00:00:02,240 --> 00:00:02,800 Speaker 1: morning to you. 3 00:00:03,520 --> 00:00:04,200 Speaker 2: Good Ada. 4 00:00:04,320 --> 00:00:06,519 Speaker 1: Now, poll, what have we got, give me some numbers. 5 00:00:07,360 --> 00:00:09,320 Speaker 2: Well, this is a Redbridge Pole. Now I would just 6 00:00:09,360 --> 00:00:11,440 Speaker 2: caution people. We know how the polls we have gotten 7 00:00:11,440 --> 00:00:13,520 Speaker 2: so wrong in the United States election, so we just 8 00:00:13,560 --> 00:00:16,239 Speaker 2: need to be careful because we're in that frenzy period 9 00:00:16,800 --> 00:00:19,960 Speaker 2: pre election where everyone's polling everyone else. But Redbridge has 10 00:00:19,960 --> 00:00:24,280 Speaker 2: been pretty consistent. And this poll shows that the mood 11 00:00:24,320 --> 00:00:27,120 Speaker 2: of the country is that it's headed in the wrong direction. 12 00:00:27,200 --> 00:00:31,640 Speaker 2: Now that's very bad news for Anthony Albanezi. It founded 13 00:00:31,720 --> 00:00:34,280 Speaker 2: half of all voters think we're going the wrong way, 14 00:00:34,720 --> 00:00:37,120 Speaker 2: compared to less than a third who think it's on track. 15 00:00:37,159 --> 00:00:40,160 Speaker 2: But and this is the interesting point, many of those 16 00:00:40,200 --> 00:00:44,120 Speaker 2: surveyed are Labour's traditional blue collar base. These are the 17 00:00:44,120 --> 00:00:46,640 Speaker 2: sort of people you know that walked away from the 18 00:00:46,680 --> 00:00:50,400 Speaker 2: Democrats in the US election. It seems, and I'm not 19 00:00:50,440 --> 00:00:53,239 Speaker 2: saying it will happen, it seems that the same sort 20 00:00:53,280 --> 00:00:56,840 Speaker 2: of mood is a foot in Australia right now. Redbridge 21 00:00:56,840 --> 00:01:01,080 Speaker 2: Pole found only six percent six of Australian agree strongly 22 00:01:01,120 --> 00:01:04,000 Speaker 2: that the government has focused on the right priorities, twenty 23 00:01:04,040 --> 00:01:08,320 Speaker 2: five percent strongly disagree, Fifty two percent either disagree or 24 00:01:08,360 --> 00:01:11,680 Speaker 2: so strongly disagree with the idea of the Albanesi Government's 25 00:01:11,680 --> 00:01:14,120 Speaker 2: got the right focus. So it's all about what the 26 00:01:14,160 --> 00:01:16,720 Speaker 2: government is focusing on. You can take that all the 27 00:01:16,720 --> 00:01:19,920 Speaker 2: way back to the defeated referendum on the voice. But 28 00:01:21,680 --> 00:01:24,320 Speaker 2: energy would be the other question that I think where 29 00:01:24,360 --> 00:01:26,240 Speaker 2: people are starting to get very nervous, and we'll talk 30 00:01:26,240 --> 00:01:28,440 Speaker 2: about that in a sect. Fewer than one in three 31 00:01:28,480 --> 00:01:32,320 Speaker 2: people viewed the government's priorities positively, so this will be 32 00:01:32,800 --> 00:01:38,039 Speaker 2: yet another wake up call to Albanezi and the timing 33 00:01:38,080 --> 00:01:40,480 Speaker 2: of an election. You know, I know I keep going 34 00:01:40,520 --> 00:01:43,240 Speaker 2: back and forward on this, but I just think he's 35 00:01:43,240 --> 00:01:45,000 Speaker 2: going to probably run full term now. 36 00:01:45,000 --> 00:01:47,600 Speaker 1: I believe he has to because he's waiting for the 37 00:01:47,640 --> 00:01:50,120 Speaker 1: Reserve Bank. The resume Bank aren't going to move till May. 38 00:01:50,440 --> 00:01:53,680 Speaker 1: And the question I'm interested in how Trump esk does 39 00:01:53,800 --> 00:01:54,920 Speaker 1: doesn't become. 40 00:01:56,960 --> 00:02:01,240 Speaker 2: Not completely trump ess, but he's going to go a 41 00:02:01,320 --> 00:02:06,480 Speaker 2: fairway down that track, particularly on things like energy, immigration, 42 00:02:07,880 --> 00:02:13,000 Speaker 2: and tax cuts. That's where he will go. Will he 43 00:02:13,080 --> 00:02:17,560 Speaker 2: do something like the tariff question we saw yesterday, or 44 00:02:17,600 --> 00:02:21,160 Speaker 2: will he do something like, you know, completely shut immigration 45 00:02:21,360 --> 00:02:23,720 Speaker 2: levels down, though he won't see. 46 00:02:23,800 --> 00:02:26,560 Speaker 1: I was reading the Deloitte Access Economics people came out 47 00:02:26,600 --> 00:02:29,040 Speaker 1: the other day and Marles said he's going to run 48 00:02:29,040 --> 00:02:31,560 Speaker 1: a deficit of twenty eight billion. They reckon it's going 49 00:02:31,560 --> 00:02:34,240 Speaker 1: to be closer to thirty four. So they're not running 50 00:02:34,280 --> 00:02:36,639 Speaker 1: the economy right. So the people are right. I mean, 51 00:02:36,720 --> 00:02:38,760 Speaker 1: the people are always right, but I mean you can't 52 00:02:38,800 --> 00:02:41,480 Speaker 1: argue with their economic performance. It's pretty ordinary. 53 00:02:42,680 --> 00:02:45,760 Speaker 2: Yeah, And Charmers has going to have an end of 54 00:02:45,840 --> 00:02:48,800 Speaker 2: year economic statement will be put out about where the 55 00:02:48,880 --> 00:02:51,760 Speaker 2: numbers fall, and then he's promising to do a budget 56 00:02:51,800 --> 00:02:54,240 Speaker 2: in March. If he is to do that budget, that 57 00:02:54,320 --> 00:02:57,480 Speaker 2: same report you refer to to Lloyd, it's looking like 58 00:02:57,680 --> 00:03:01,800 Speaker 2: a forty nine billion dollar turn around in budget numbers 59 00:03:01,800 --> 00:03:04,680 Speaker 2: from surplus to deficits. So that's not a very good 60 00:03:04,720 --> 00:03:06,480 Speaker 2: message to be taken to an alleg I was. 61 00:03:06,440 --> 00:03:08,359 Speaker 1: Reading early this morning and I did look up the 62 00:03:08,400 --> 00:03:10,960 Speaker 1: forecast around Australia. It didn't seem that hot because the 63 00:03:11,040 --> 00:03:13,080 Speaker 1: headline was you know, brace yourself, there's a heat wave, 64 00:03:13,160 --> 00:03:16,040 Speaker 1: YadA yady YadA, And I looked on it. But Sydney's 65 00:03:16,280 --> 00:03:16,880 Speaker 1: heading for. 66 00:03:16,720 --> 00:03:19,400 Speaker 2: Forty well, I'm sitting in Melbourne and not know if 67 00:03:19,400 --> 00:03:21,560 Speaker 2: you can hear it, but it's pouring with rain here Sydney. 68 00:03:21,600 --> 00:03:25,440 Speaker 2: Western Sydney is headed for forty today and the head 69 00:03:25,480 --> 00:03:28,600 Speaker 2: of the Australian Energy Market Operator a EMO, it's called 70 00:03:29,120 --> 00:03:32,840 Speaker 2: warned that if it gets to forty then we could 71 00:03:32,880 --> 00:03:35,800 Speaker 2: have problems with power threats and you could get blackouts. 72 00:03:35,880 --> 00:03:39,640 Speaker 2: Now is this just you know, hyperbol or is it 73 00:03:39,720 --> 00:03:44,440 Speaker 2: actually going to happen? I mean, seriously, forty degrees is 74 00:03:44,520 --> 00:03:47,680 Speaker 2: not particularly hot for Western Sydney, but apparently there's a 75 00:03:47,720 --> 00:03:50,680 Speaker 2: lot of maintenance being done on three of the states 76 00:03:50,720 --> 00:03:54,240 Speaker 2: four coal fired power stations. That coal is still a 77 00:03:54,280 --> 00:03:57,440 Speaker 2: backbone of energy in this country. No one should no 78 00:03:57,480 --> 00:04:00,360 Speaker 2: one should think otherwise. I mean, yesterday in Melbourne it 79 00:04:00,400 --> 00:04:03,560 Speaker 2: was a very foggy morning and there was absolutely no wind. 80 00:04:03,960 --> 00:04:06,200 Speaker 2: Airport was even shut for a while because of fog. 81 00:04:06,880 --> 00:04:10,480 Speaker 2: Eighty percent of Melbourne's electricity, and I looked this up 82 00:04:10,920 --> 00:04:14,800 Speaker 2: was being delivered by brown coal and the other fifteen 83 00:04:14,840 --> 00:04:17,720 Speaker 2: percent was coming from gas, so you had ninety five 84 00:04:17,800 --> 00:04:22,359 Speaker 2: percent from non renewables. What happens when those non renewables 85 00:04:22,360 --> 00:04:26,160 Speaker 2: are not there, The lights are going to go out exactly. 86 00:04:26,480 --> 00:04:28,840 Speaker 1: We've got the same problem. One of the things I 87 00:04:29,400 --> 00:04:31,320 Speaker 1: don't envy you about Australia. There's a lot I love 88 00:04:31,320 --> 00:04:33,880 Speaker 1: about Australias, you well know, but the cost you pay 89 00:04:33,960 --> 00:04:38,480 Speaker 1: for cars in Australia is ridiculous. And I'm assume it's 90 00:04:38,560 --> 00:04:40,200 Speaker 1: a tax related thing, is it. 91 00:04:41,279 --> 00:04:43,800 Speaker 2: Well, there's a luxury car tax which shouldn't exist, and 92 00:04:43,839 --> 00:04:46,040 Speaker 2: the only reason that was ever introduced was to protect 93 00:04:46,040 --> 00:04:47,839 Speaker 2: the local car industry. When we made. 94 00:04:47,680 --> 00:04:49,000 Speaker 1: Holds before, you don't have one. 95 00:04:49,080 --> 00:04:51,440 Speaker 2: We don't make them anymore. So I don't know why 96 00:04:51,480 --> 00:04:54,560 Speaker 2: the electric car tax is still there. I know you're 97 00:04:54,600 --> 00:04:57,719 Speaker 2: a huge fan of electric vehicles. You'd be pleased to 98 00:04:57,800 --> 00:05:02,960 Speaker 2: know that dealer in Australia can't sell the electric vehicles 99 00:05:03,000 --> 00:05:05,719 Speaker 2: that are valued at seventy five thousand and over. Now 100 00:05:05,800 --> 00:05:09,280 Speaker 2: what are those? Well, the top ranked teslas are in 101 00:05:09,279 --> 00:05:13,520 Speaker 2: that bracket. You've got BMW, you've got Mercedes, you've got Vulger. 102 00:05:14,080 --> 00:05:16,680 Speaker 2: The reason they can't sell them is the country's about 103 00:05:16,720 --> 00:05:19,919 Speaker 2: to be flooded by cheap Chinese electric vehicles. So anyone 104 00:05:19,920 --> 00:05:21,960 Speaker 2: who's gone, oh well I might buy an EV, I 105 00:05:22,080 --> 00:05:24,520 Speaker 2: might not. So what you're going to have, which I 106 00:05:24,560 --> 00:05:29,000 Speaker 2: find really fascinating is you're going to have wealthy suburbs. 107 00:05:29,000 --> 00:05:32,600 Speaker 2: Think about the eastern suburbs of Sydney or the Inner 108 00:05:32,640 --> 00:05:35,520 Speaker 2: East in Melbourne are going to be flooded with expensive 109 00:05:35,520 --> 00:05:39,680 Speaker 2: electric vehicles. But normal folk are going to go, well, no, 110 00:05:39,800 --> 00:05:43,000 Speaker 2: I'll go and buy thirty thousand dollars Chinese electric vehicle. 111 00:05:43,440 --> 00:05:45,440 Speaker 2: So you're going to have this great divide depending on 112 00:05:45,480 --> 00:05:47,400 Speaker 2: where you live and what your income is as to 113 00:05:47,440 --> 00:05:50,080 Speaker 2: what people are driving in electric vehicles. We're going to 114 00:05:50,120 --> 00:05:54,280 Speaker 2: have something like two hundred different types of Chinese electric 115 00:05:54,400 --> 00:05:55,679 Speaker 2: pickles on the market. 116 00:05:55,800 --> 00:05:57,760 Speaker 1: Children, you're going to have to change. I don't know. 117 00:05:57,800 --> 00:05:59,200 Speaker 1: People have got their hit around. I've seen it on 118 00:05:59,279 --> 00:06:01,640 Speaker 1: this program any time. But when you buy a carr 119 00:06:01,640 --> 00:06:04,799 Speaker 1: and it's particularly applicable in Australia because the residual value 120 00:06:04,800 --> 00:06:06,760 Speaker 1: in a car in Australia is way higher than it 121 00:06:06,800 --> 00:06:09,520 Speaker 1: is in New Zealand. But you're going to get this 122 00:06:09,640 --> 00:06:11,680 Speaker 1: flood of stuff. It's like buying a fridge. When you 123 00:06:11,680 --> 00:06:14,320 Speaker 1: buy a fridge, it's three weeks later, it's worth nothing. 124 00:06:14,400 --> 00:06:16,120 Speaker 1: You just run it till it's broken, then you toss 125 00:06:16,160 --> 00:06:18,000 Speaker 1: it out. And that's what is going to happen to 126 00:06:18,279 --> 00:06:19,839 Speaker 1: a thirty thousand dollars Chinese EV. 127 00:06:19,960 --> 00:06:23,440 Speaker 2: Isn't it exactly what's going to happen with a Chinese ev? 128 00:06:24,040 --> 00:06:27,160 Speaker 2: You're right, you're buying something like your Apple iPhone that 129 00:06:27,279 --> 00:06:30,159 Speaker 2: eventually the battery gives up on you and so Apple 130 00:06:30,200 --> 00:06:31,720 Speaker 2: forces you to go and by another one. Well, that's 131 00:06:31,720 --> 00:06:33,520 Speaker 2: exactly what's going to happen to let you be Because 132 00:06:33,600 --> 00:06:35,679 Speaker 2: by the way, the rental car was a Yaris Cross 133 00:06:35,680 --> 00:06:36,800 Speaker 2: and I booked it yesterday. 134 00:06:38,839 --> 00:06:40,520 Speaker 1: No, I think would you pay for. 135 00:06:40,480 --> 00:06:47,839 Speaker 2: It three seven hundred dollars a day Australian not I 136 00:06:47,920 --> 00:06:51,080 Speaker 2: think twelve days or something. It it's very expensive. 137 00:06:51,120 --> 00:06:53,640 Speaker 1: It is expensive. Where are you sending these people you 138 00:06:53,640 --> 00:06:55,760 Speaker 1: don't want in Australia because I assume you followed the 139 00:06:55,839 --> 00:06:58,679 Speaker 1: UK and the Italian story and you're going straight to court. 140 00:06:58,720 --> 00:07:00,360 Speaker 1: But where are they sending them and how much you're 141 00:07:00,360 --> 00:07:01,479 Speaker 1: paying these people to take them? 142 00:07:02,560 --> 00:07:06,840 Speaker 2: Well, this is an issue that I don't think is 143 00:07:06,880 --> 00:07:11,480 Speaker 2: completely agreed upon. Yet we've cut immigration levels mainly through 144 00:07:11,520 --> 00:07:14,600 Speaker 2: foreign students. That's what we're doing. So the idea that 145 00:07:14,640 --> 00:07:17,640 Speaker 2: you would actually pay another country, we've already been doing that. 146 00:07:17,680 --> 00:07:20,440 Speaker 2: I mean, you might remember in Kevin runs time that 147 00:07:20,480 --> 00:07:23,080 Speaker 2: he stitched up and deal with Malaysia so that any 148 00:07:24,200 --> 00:07:27,680 Speaker 2: illegal boat arrivals would be rehoused in Malaysia. Well, not 149 00:07:27,680 --> 00:07:30,520 Speaker 2: one person ever went there. They all ended up on route. 150 00:07:30,720 --> 00:07:32,520 Speaker 2: So I just don't see a skin like that. 151 00:07:32,560 --> 00:07:35,240 Speaker 1: Would Okay, mate, go well, catch up next week, appreciate it. 152 00:07:35,800 --> 00:07:37,440 Speaker 1: A modo is the one I was talking to see 153 00:07:37,480 --> 00:07:39,760 Speaker 1: price a modo. I think of my saying that, right, 154 00:07:39,760 --> 00:07:41,960 Speaker 1: you know this Chinese manufacturer and they've got a car 155 00:07:41,960 --> 00:07:43,520 Speaker 1: in the country, a couple of cars in the country, 156 00:07:43,520 --> 00:07:45,320 Speaker 1: couple of versions of the car in the country, and 157 00:07:45,360 --> 00:07:47,280 Speaker 1: they've got a big sale on at the moment, and there, 158 00:07:47,480 --> 00:07:49,720 Speaker 1: you know, I can't remember what the price was, thirty 159 00:07:49,840 --> 00:07:52,480 Speaker 1: thirty five grand something like that, but you know, what 160 00:07:52,520 --> 00:07:54,080 Speaker 1: do you think you're going to sell that for in 161 00:07:54,120 --> 00:07:54,920 Speaker 1: five or six years? 162 00:07:55,000 --> 00:07:58,400 Speaker 2: Time for more from the Mike Asking Breakfast, listen live 163 00:07:58,520 --> 00:08:01,400 Speaker 2: to news talks. They'd be from six am weekdays, or 164 00:08:01,480 --> 00:08:03,360 Speaker 2: follow the podcast on iHeartRadio.