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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 a Veda, Retirement Communities, Life

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Speaker 1: Your Way News, togs Head By Welcome.

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Speaker 2: It's Budget Day Expectations. Hi, we'll look at the business,

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Speaker 2: the health, the tax, among others. Some very good news

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Speaker 2: around experts in our business in the world, which is good. Barnaby,

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Speaker 2: we are founding member of Fly My Pritties in for

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Speaker 2: a song and a Chat. They're back with a new album,

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Speaker 2: first in five years. Joe's and Rome Rod is in

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Speaker 2: Britain asking welcome to the day, seven past six to

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Speaker 2: tell you what I hope for today is a sign

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Speaker 2: in a sense that what we are facing economically as

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Speaker 2: a country is real and it's real bad, and the

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Speaker 2: government see it accept it in charter Pathway Forward. That

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Speaker 2: gives us some sort of hope. The damage done by

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Speaker 2: Jacinda Grant Christen Adrena is now years long. You can't

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Speaker 2: invent money in that volume without spending the ensuing years

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Speaker 2: trying to dig yourself out of it. The start has

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Speaker 2: been made, of course, the cutbacks have begun. The screaming,

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Speaker 2: whaling and upsetters ensued, but small note there's a lot

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Speaker 2: more where that came from. The Seeds of recovery are real.

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Speaker 2: Manufacturing is expected, has been for several months. Services though, isn't.

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Speaker 2: Sentiment isn't. The farmers have struck gold, but the weather

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Speaker 2: has been exceptionally kind, as have Americans with their passion

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Speaker 2: for burgers. Our debt is shocking. We're not running a

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Speaker 2: surplus on any annual basis, and still won't be for years.

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Speaker 2: The Finance minister today has virtually nothing to play with.

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Speaker 2: No excess, no lolly, no large yess. She has, I

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Speaker 2: hope found a fortune in savings and she will redirect

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Speaker 2: that to better places. I pray she isn't borrowing on

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Speaker 2: top of what we already have incurred. If she is,

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Speaker 2: she may well be making a generational mistake. Treasury says

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Speaker 2: fifty percent debt by way of GDP is it. I'd

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Speaker 2: say it's lower than that. In a sense, today should

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Speaker 2: wrap some numbers and forecasts around the rhetoric. The rhetoric

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Speaker 2: being we are open for business, we are pro growth,

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Speaker 2: we are big on infrastructure, most importantly fiscally as well

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Speaker 2: as economically. We are not going to die wondering. Today

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Speaker 2: is not a day for a dollar a year a

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Speaker 2: dollar there. It is not an itch scratching exercise. It

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Speaker 2: should be a document that lays an ongoing foundation for

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Speaker 2: the major project that is the economy resuscitation of the

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Speaker 2: New Zealand economy.

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Speaker 1: News of the world in ninety seconds.

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Speaker 2: Well, if you turned central and the uk PMS back

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Speaker 2: down on the heating payments, we want.

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Speaker 3: To ensure that as we go forward, more pensioners are

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Speaker 3: eligible for winter fuel payments. As you would expect, mister Speaker,

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Speaker 3: we will only make decisions we can afford. That is

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Speaker 3: why we will look at that as part of a

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Speaker 3: fiscal event.

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Speaker 2: Tories are all over.

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Speaker 3: I'm going to ask him a simple question.

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Speaker 4: It only requires one word, yes or no. Is he

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Speaker 4: planning to U turn on winter fuel cups?

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Speaker 3: Mister speaker. I made clear of my earlier answer that

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Speaker 3: as the economy.

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Speaker 5: Improves, Scott said Craig, imagine the first act of a

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Speaker 5: labor government to take away winter fuel payments from pensioners.

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Speaker 5: It's absolutely beyond belief. But the SNP government has come

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Speaker 5: in and we've restored those payments for pensioners, and pensions

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Speaker 5: in Scotland will be assured that they'll be getting the payments.

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Speaker 2: Also bothering the government was the inflation figure, which came

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Speaker 2: in higher and expected.

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Speaker 3: Clearly we're in a different place so where we were

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Speaker 3: under the previous government where inflation got into double digits,

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Speaker 3: but we recognized the cost of living is still a challenge.

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Speaker 2: Exactly across the pond in Washington, it's another yellow chair

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Speaker 2: day for the President as he welcomed Cyril of South Africa.

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Speaker 6: So great honor to have you and I appreciate you.

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Speaker 1: Called you.

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Speaker 7: He called.

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Speaker 6: I don't know where he got my number, but I

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Speaker 6: picked up. He said, I want to come over and

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Speaker 6: see you.

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Speaker 2: That was my Cyril. Like so many of your forum

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Speaker 2: couldn't help. But notice all the gold.

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Speaker 8: Thank you very much for welcoming us to this reformed

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Speaker 8: White House. I've been here before and it looks really fantastic.

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Speaker 2: I must congratulate you warning that was the best bit.

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Speaker 2: It went downhill in historically gargaint you and proportions after that.

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Speaker 2: More shortly, football news you write for finals time, sixth time.

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Speaker 2: It's been all English.

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Speaker 3: We're familiar with the stadium, we've been here, We've got

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Speaker 3: a great result.

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Speaker 2: Let's take it home.

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Speaker 4: This is our only answer.

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Speaker 9: Actually turning it, get the monkey off far back and actually.

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Speaker 2: Get over the line for what home kickoffs at seven. Finally,

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Speaker 2: news from the bathroom. If you're only going to shower

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Speaker 2: once aday, should be in the morning. This is when

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Speaker 2: scientists know lest they'd come up with us, not just me.

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Speaker 2: Removes the sweat, the bacteria that had skin cells that

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Speaker 2: develop when you're asleep. Here's an eye opener. The vast

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Speaker 2: majority of dermatologists agree. Actually only every other day is plenty,

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Speaker 2: so in the morning every other day. Further tips, you

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Speaker 2: should always wash your hair with shampoo and conditioner before

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Speaker 2: you wash your body. And this was the shocker to me.

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Speaker 2: Eighty six perced of us don't do that. I can't

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Speaker 2: work out why not use the world in hygiene. In

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Speaker 2: nineteen the inflation number just in Britain three point five,

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Speaker 2: so that's way outside the band they thought three point three,

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Speaker 2: which was bad enough, Core, which takes out your energy,

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Speaker 2: your food, your booze, and tobacco three point eight, so

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Speaker 2: things aren't flesh. Eleven past six.

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Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio. I've

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Speaker 1: made news talks evy.

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Speaker 10: Yeah.

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Speaker 2: The problem for starma is not only was it a

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Speaker 2: back down these winter payments, depending on who you are,

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Speaker 2: can beig up to three hundred pounds. And he backed down.

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Speaker 2: But then everyone said, well where's the money coming from? Mate?

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Speaker 2: And the fear now is when we'll talk to Rod

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Speaker 2: about this later. The are taxing prices coming fourteen past six,

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Speaker 2: don't goven Funds Management. Greg Smith morning, good morning, Mike

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Speaker 2: upbeating Apier their back, Gabriel's gone their back, which.

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Speaker 11: Is good as they're through that well and truly so

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Speaker 11: that she has had a cracker on the half years

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Speaker 11: old up seven percent yesterday. Solid uplifting cargo volumes that

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Speaker 11: was up fourteen percent. Revenues up ten point six percent,

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Speaker 11: seventy eight million through cycling gravy all. They actually got

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Speaker 11: a settle a final claim the era that contributed aund about

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Speaker 11: seven and a half million, but underline net profit that

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Speaker 11: was strong. That was up thirty three percent fourteen point

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Speaker 11: eight million. Container services revenue that was up twenty seven percent,

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Speaker 11: forty two million, So a lot of the volumes are

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Speaker 11: going well. The pen pulp and paper plant that's that's

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Speaker 11: back homing since November after you know, millions of dollars

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Speaker 11: of investment by Japanese owners. So that supports a lot

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Speaker 11: of jobs there. Two, so that's a good story. Early

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Speaker 11: apple picking season that's also been helpful. And yeah, just

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Speaker 11: the local hawks play horder culture sector is going pretty

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Speaker 11: well generally, so looking here, they're still mindful of some challenges,

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Speaker 11: particularly in terms of log exports. But yeah, good news

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Speaker 11: on the cruise front, they've got ford bookings of for

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Speaker 11: the twenty twenty six season around sixty six. Cost control

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Speaker 11: has been going pretty well. And yeah, the good news

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Speaker 11: for Shield as Mike was there was a special divvy

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Speaker 11: turn half sins for share and they also revised up

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Speaker 11: the underlining earnings forecast for FY twenty six to two

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Speaker 11: between fifty nine and sixty three million from fifty five

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Speaker 11: to fifty nine million. The early days in the earning

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Speaker 11: season might but there's one clear trend emerging already. Companies

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Speaker 11: that disappoint on the outlook are being punished. Those that

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Speaker 11: over delivered are being rewarded. Pretty simple equation, so shares

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Speaker 11: are up and next shares a back at pre cyclone

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Speaker 11: Gabriel levels. They're executing well. Actually, another sort of thing

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Speaker 11: that was of interest I think is with mental energy departing,

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Speaker 11: the stock's probably the front runner for inclusion in the

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Speaker 11: Nzetics fifty, so that would be sentiment.

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Speaker 2: Further good news story internationally, Tarja, I know there's a

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Speaker 2: miss there, So what's that telling us about sentiment and

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Speaker 2: dropping and all that.

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Speaker 11: Yeah, taj I target for sure. So obviously a lot

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Speaker 11: of interest in retail and consumer facing companies given tariffs

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Speaker 11: and given how important the consumers to the economy. So

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Speaker 11: you know, off target, she is down five percent first

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Speaker 11: quarter rings of a billion that missed estimate. Sales fell

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Speaker 11: nearly three percent, and they actually lowered their four year.

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Speaker 2: Sales outlook as well.

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Speaker 11: So that contrasts the likes of Walmart Home Deep and

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Speaker 11: also they chain lows overnight, which all maintained the forecast.

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Speaker 11: So management they blame weaker with discretion spending a bit

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Speaker 11: of a backlash against the rollback of their diversity. Could

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Speaker 11: inclusion efforts partly performance, but to be fair, it's been

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Speaker 11: struggling for a while. Actually this is in the midst

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Speaker 11: of a turnaround. But that SEDIA tariff uncertainly is clearly

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Speaker 11: paying a part in recent times. And you had a

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Speaker 11: big question that analysts are asking menagement on these earnings calls,

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Speaker 11: is what are you going to do with tariffs, How

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Speaker 11: are you going to cope with prices? Is a consumer

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Speaker 11: going to copy? And obviously Walmart has copped it from Trump.

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Speaker 11: He reckons they should eat the tariffs home deeper and loads.

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Speaker 11: They say they can cope without raising prices. They're going

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Speaker 11: to renegotiate terms, They're going to use buying power and

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Speaker 11: so on. So Target's probably a little bit in the middle,

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Speaker 11: and it really depends on how reliant they are on China.

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Speaker 11: So Target gets around about half of what it sells

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Speaker 11: from the US. Thirty percent is produced in China, so

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Speaker 11: it's still quite high, but it was sixty percent a

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Speaker 11: few years ago. They reckon they can get down to

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Speaker 11: around about twenty five percent by the end of the

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Speaker 11: year and that they can probably cope, but they might

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Speaker 11: have to raise prices on some items.

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Speaker 2: I suppose.

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Speaker 11: Yeah, this is why we've got a lot of US

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Speaker 11: companies and they paed them quickly to get production out

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Speaker 11: of China. But it's still going to be a really

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Speaker 11: important manufacturing base for most in particularly when you think

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Speaker 11: likes of Apple. So yeah, strong interest in how these

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Speaker 11: trade talks progress.

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Speaker 2: Might I reckon? So Japan, what how worried are we

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Speaker 2: is this a recession or though.

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Speaker 11: Yeah, we're getting clos there actually, so they're probably one

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Speaker 11: of the countries hit the hardest by the terraffs, particularly

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Speaker 11: twenty five percent tariffs on auto imports. So your export

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Speaker 11: grows slow there for the second straight month. Half of

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Speaker 11: March's growth slower since October last year. Automobiles are almost

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Speaker 11: thirty percent of their exports. They fell by nearly five percent.

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Speaker 11: Steel that's also copped off a tariff as well, that

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Speaker 11: fell twenty nine percent. They've got these ten percent baseline tariffs,

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Speaker 11: but the reciprocal tariffs are potentially going back to twenty

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Speaker 11: four percent from July. So that's not a great news

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Speaker 11: story for Japan. You look at their trade surplus went

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Speaker 11: from eight forty seven billion to seven eighty billion in April.

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Speaker 11: It's potentially going to be a real drag and they're

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Speaker 11: already halfway do it to a recesson I suppose you

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Speaker 11: could say GDP in the first quarter was down point

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Speaker 11: seven percent. Thank of Japan, unlike other central banks, I've

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Speaker 11: been trying to keep inflation going. There's a thought now

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Speaker 11: that they'll probably have to kick the next type down

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Speaker 11: to October, just until the Tower fund certainly was resolved

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Speaker 11: and yeah, things have changed, But you know, Trump, it

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Speaker 11: seemed like jam Japan is going to be one of

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Speaker 11: the first to agree a deal with the US. Seems

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Speaker 11: to install the top negotiator says that the USE should

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Speaker 11: remove tariffs on Tokyo. There's no rush to a deal,

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Speaker 11: and he reckons they're not going to sacrifice the agricultural

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Speaker 11: sector in Japan to protect the order industry. Well, I

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Speaker 11: know they might have to re look at that because

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Speaker 11: the export powers is now at the risk of a

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Speaker 11: technical decession if this drags on. So haven't really got

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Speaker 11: the upper hand in those negotiations. What are the numbers So, yeah,

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Speaker 11: a bit of weakness over today after the previous good

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Speaker 11: run previous days. But the Dow down one point forty

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Speaker 11: one nine four four s and P five hundred down

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Speaker 11: one percent, as is the nasdack footy one hundred mension

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Speaker 11: has inflation numbers that's up point one percent, nick A

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Speaker 11: down points six percent, ASEX two hundred up half a percent,

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Speaker 11: as was the ZX fifty Gold up twenty four dollars

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Speaker 11: three thousand, three hundred and fourteen, announce aill down forty

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Speaker 11: cents sixty one spots sixty five a baro currencies Q

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Speaker 11: against the U is fifty nine point five up about

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Speaker 11: Australian dollar ninety two point three up slightly, as also

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Speaker 11: against the British pound forty four point three. Japanese in

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Speaker 11: speaking of that eighty five point four down point three percent,

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Speaker 11: and today, as you mentioned, a lot of interestnap budget.

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Speaker 2: That's the truth. Make catch up to morrow. Greg Smith,

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Speaker 2: Devon Funds Managementsky Douctory Market, Canada, Goose. If you're a

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Speaker 2: Ski you probably know the name. Fiscal fourth quarter shares

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Speaker 2: had gone up twenty percent. They're not providing anything financially

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Speaker 2: for twenty twenty six because the wouldn't have a clue

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Speaker 2: like anybody else. Revenue though, up seven point four percent,

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Speaker 2: so if you make a quality puffer jacket, that's still

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Speaker 2: money for US six twenty one. You're a News TALKSB.

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

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Speaker 1: by the News Talks at B.

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Speaker 2: Couple of quick things on Japan. The ECB came out

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Speaker 2: this morning. I was mentioning earlier this week. Money is

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Speaker 2: flooding into Japan for equities and bonds seen as a

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Speaker 2: safe haven. It's flooding out of America. America's reputation globally

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Speaker 2: is taking hammering at the moment. But I'll come back

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Speaker 2: to that. Also in Japan, the former farm minister whis

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Speaker 2: he the former farm minister because he had to quit

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Speaker 2: his name as taco Eto And he came out the

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Speaker 2: other day for some reason best known to himself, and

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Speaker 2: he goes, the good thing is, I've never had to

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Speaker 2: pay for rice in my life. I've never bought rice

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Speaker 2: in my life. People give it to me. All my

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Speaker 2: supporters just give me rice. And everyone in Japan went, well,

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Speaker 2: what the hell? Because rice is very expensive. They're strange

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Speaker 2: in Japan around their rice. They protect small farmers. The

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Speaker 2: small farmers aren't remotely efficient, so the price of rice

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Speaker 2: has gone through the roof. A lot of people can't

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Speaker 2: afford rice. It's a basic but they can't afford it.

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Speaker 2: And this clan comes out and goes, I don't worry

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Speaker 2: about me. I buy I get given it all the time,

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Speaker 2: so I don't need to to anyway. The Prime Minister said,

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Speaker 2: excuse me, bye bye, So that's the to him. Six

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Speaker 2: twenty five.

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Speaker 1: Trending now quit chemist warehouse mayhem megasled on now.

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Speaker 2: Right Trump, White House, Ramaphosa. This is where he ambushed him,

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Speaker 2: straight up and down ambush. They're chatting away talking about

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Speaker 2: the gold in the room. Next thing, Trump does this

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Speaker 2: very bad.

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Speaker 6: These are the These are burial sites right here, burial

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Speaker 6: sites over a thousand of white farmers. And those cars

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Speaker 6: are lined up to pay love on a Sunday morning.

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Speaker 6: Each one of those white things you see is across

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Speaker 6: and there's approximately a thousand of them. They're all white farmers.

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Speaker 2: This is being played on a screen. One of the

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Speaker 2: reporters set in fifteen years, never seen screen in the

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Speaker 2: White House. So it was a sit up, straight up

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Speaker 2: and down, seat up, Sam Ramfos had to go. Have

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Speaker 2: they told you where that is, mister president?

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Speaker 8: You know, I'd like to know where that is, because

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Speaker 8: this I've never seen.

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Speaker 6: Okay, I mean it's in South Africa.

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Speaker 7: We need to plan it.

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Speaker 2: See it's excruciating. At this point, Trump runs into an

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Speaker 2: element of trouble at the stage.

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Speaker 6: These are people that are officials and they're saying that

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Speaker 6: kill the white farmer and take their land.

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Speaker 12: That's what.

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Speaker 6: And I have other friends in South Africa, people that

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Speaker 6: left one in particular that says it's he can't go there.

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Speaker 6: He said, they take your land, they take your land, and.

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Speaker 7: They kill you.

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Speaker 2: Ram is fighting for his life at this point. That

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Speaker 2: is not government policy.

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Speaker 8: We have a Marchi party democracy in South Africa that

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Speaker 8: allows people to express themselves, political parties to adhere to

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Speaker 8: various policies and in many cases and in some cases,

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Speaker 8: those policies do not go along with government policy. Our

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Speaker 8: government policy is completely completely against what he was saying,

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Speaker 8: even in the parliament.

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Speaker 2: Make no mistake, Rama Phos is no saint, but he

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Speaker 2: wasn't expecting this. This is as bad as Zelensky, if

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Speaker 2: not worse. And that's before Trump laid into the BC.

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Speaker 2: And I'll have that for you after the news. Meantime,

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Speaker 2: what we do need to do is celebrate Zesprey and

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Speaker 2: our farmers. Zesbury have broken records like no tomorrow. So

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Speaker 2: we'll have more of the numbers country for you, some

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Speaker 2: of the numbers on budget day.

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Speaker 1: After the news, the news and the news makers the

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Speaker 1: mic asking breakfast with the range rover. The la designed

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Speaker 1: to intrigue and use Tog's head.

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Speaker 2: Be he put this a visceration from Trump to Ramaposter

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Speaker 2: on the mat and wrap it up. What he was

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Speaker 2: looking for. Once he sort of exposed the so called

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Speaker 2: scandal was the reporters in the room to ask him

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Speaker 2: a whole bunch of questions about white genocide. Unfortunately, some

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Speaker 2: reporters wanted to ask about I don't know, things like planes.

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Speaker 8: Of the Panagon announcement would be accititing OATORI chat to

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Speaker 8: us as aero reformer, what.

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Speaker 13: Are you talking about it?

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Speaker 1: You know, you to get out here.

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Speaker 6: What does this have to do with the guitar jet

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Speaker 6: they're giving the United States for us?

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Speaker 2: Said? Yet, okay, and it's a great thing.

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Speaker 6: We're talking about a lot of other things. It's NBC

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Speaker 6: trying to get off the subject of what you just saw.

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Speaker 6: You are a real you know, you're a terrible report

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Speaker 6: number one. You don't have what it takes to be reported.

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Speaker 7: You're not smart enough.

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Speaker 6: But for you to go onto a subject about a

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Speaker 6: jet that was given to the United States Air Force,

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Speaker 6: which is a very nice thing. They also gave five

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Speaker 6: point one trillion dollars worth of investment in addition to

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Speaker 6: the jet.

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Speaker 7: Go back, You're to go back.

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Speaker 6: To your studio at NBC because Brian Roberts and the

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Speaker 6: people that run that place, they are to be investigated.

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Speaker 6: They are so terrible the way you run that debt work,

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Speaker 6: and you're a disgrace. No more questions from you.

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Speaker 14: Asembable leader.

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Speaker 2: Twenty three minutes away from seven, I'm sort of related

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Speaker 2: to Trump and the war and the peace talks that

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Speaker 2: aren't and the Pope and if they ever get started,

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Speaker 2: they can use the Vetican josementally shortly. I meantime back

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Speaker 2: here we you know that Zesbury has joined the growing

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Speaker 2: list of New Zealand producers who have had a tremendous season.

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Speaker 2: The cracked five billion in global sales, sold a record

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Speaker 2: two hundred and twenty million trays. That's compared with one

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Speaker 2: hundred and sixty four million last season. Jason to Break

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Speaker 2: is Esbury's CEO. Of course, need's back with It's Jason

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Speaker 2: Morning Wedding White You now, I'm ex strayed, well, not

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Speaker 2: as well as you. I mean one hundred and sixty

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Speaker 2: four to two hundred and twenty I mean that that,

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Speaker 2: I mean one hundred and sixty four to one hundred

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Speaker 2: and eighties, but I mean that's a massive increase. Where's

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Speaker 2: it all gone?

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Speaker 13: Yeah, So, I mean we've been able to have a

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Speaker 13: pretty strong rebound from where we had last year, where

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Speaker 13: we had a pretty challenging season on the back of

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Speaker 13: quite a few different weather events throughout New Zealand. We've

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Speaker 13: been able to actually use good value and it's really

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Speaker 13: come off the back of a decad or so of

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Speaker 13: investing heavily in the brand, in our supply chain to

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Speaker 13: make sure you gets through or around the world and

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Speaker 13: through our key markets and also gets good value for

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Speaker 13: that to bring back to our growers as well.

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Speaker 2: So the quantity side of the equation, I mean, it's

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Speaker 2: all very well to grow an amount, but you've got

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Speaker 2: to be able to sell it. How big is demand

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Speaker 2: potentially if you can make this sort.

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Speaker 13: Of leap, Yeah, I mean we're looking to continue to

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Speaker 13: make sure we build demand a head of supply. So

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Speaker 13: we do that through both investing heavily in our brand,

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Speaker 13: making sure I really positioned around natural nutrition in the market,

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Speaker 13: which is very positive at the moment that a lot

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Speaker 13: of people around the world want healthy fruit products and

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Speaker 13: are willing to pay good money for good quality, so

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Speaker 13: we're able to offer that. But ultimately we see an

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Speaker 13: opportunity to continue to lift going forward into the next

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Speaker 13: ten years or so as well.

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Speaker 2: Are you eating somebody else's lunch, or are you growing

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Speaker 2: new markets or they did buy cum quats and now

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Speaker 2: they're buying Zesbrey.

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Speaker 13: I mean, look, we're trying to make sure we compete

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Speaker 13: for more share of the fruit bowl. If you think

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Speaker 13: about the global fruit bowl, we're actually a very small

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Speaker 13: percentage of that, So we are competing for people's stomachs.

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Speaker 13: But at the same time, we're seeing our rise and

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Speaker 13: consumers that are wanting to pay more and buy more

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Speaker 13: for their premium fruit products. So we have seen more

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Speaker 13: consumers around the world moving towards more natural products like.

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Speaker 2: Fruit workers through a Green, Gold and Red. What's the story.

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Speaker 13: So Gold continues to be in terms of the growth

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Speaker 13: has been the strongest performer. What we've been able to

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Speaker 13: see is a strong rebound on Green as well. I mean,

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Speaker 13: Green was pretty challenging for us the year before with

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Speaker 13: a lot of our crop that was sort of taken

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Speaker 13: out by frosts and cyclones. We've seen a good rebound there,

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Speaker 13: so still a very strong piece of our portfolio. And

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Speaker 13: then Red as fantastic as exciting. Consumers around particularly through

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Speaker 13: Asia are getting a really good sense of that and

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Speaker 13: enjoying the virancy of a new new product in the category.

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Speaker 2: I mean without putting too find a point on it

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Speaker 2: and being crass. I mean individual grass must be rolling

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Speaker 2: and die. I mean you can't sell this much stuff

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Speaker 2: without really doing well.

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Speaker 13: Yeah, I think the main thing we've been able to

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Speaker 13: give some good returns back our growers this season. We've

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Speaker 13: come off the back of essentially a couple of years

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Speaker 13: of pretty challenging times for them, both from a production level,

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Speaker 13: but also costs. Costs have continued to increase on orchids,

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Speaker 13: so we've got to make sure we keep lifting the

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Speaker 13: dar to make sure that we're making sure they can

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Speaker 13: make money as.

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Speaker 2: Well, which is my final question. Is there more where

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Speaker 2: this came from?

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Speaker 13: Look, we've got another big crop this year where we're

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Speaker 13: about twenty percent of the way through selling that, so

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Speaker 13: we're making sure we can secure good value. But as

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Speaker 13: you look around the world at the moment, yes, is

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Speaker 13: just a bit of a challenging environment making sure we

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Speaker 13: can do that. So that's the focus right now, securing

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Speaker 13: good value for the season's crop, to make sure that

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Speaker 13: growers are still at a profitable level for this season.

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Speaker 2: Good on you, mate, Always good to catch up, especially

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Speaker 2: on the good News Jason to break who's the zespri

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Speaker 2: ceo with this morning eighteen minutes away from seven? Goes

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Speaker 2: back to what the ECB was saying, the European Central Bank,

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Speaker 2: because this is major. The bloke who is the vice president,

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00:21:00,080 --> 00:21:04,760
Speaker 2: there is a fundamental regime change underway in financial markets.

437
00:21:04,800 --> 00:21:04,919
Speaker 11: Now.

438
00:21:04,920 --> 00:21:06,359
Speaker 2: I know, normal, this is dry stuff that you and

439
00:21:06,359 --> 00:21:09,080
Speaker 2: I don't deal with. But here's what's happening. The Americans

440
00:21:09,119 --> 00:21:13,480
Speaker 2: forever have been the go to the dollar, the American economy,

441
00:21:14,160 --> 00:21:18,000
Speaker 2: the vibe, the marbo. It's been America. He argues, now

442
00:21:18,119 --> 00:21:21,359
Speaker 2: that America is such a mess that people with money

443
00:21:21,359 --> 00:21:23,280
Speaker 2: who buy bonds and equities and all that sort of

444
00:21:23,320 --> 00:21:25,480
Speaker 2: stuff are going you know what, I don't like the

445
00:21:25,520 --> 00:21:27,600
Speaker 2: look of them. I don't trust them anymore. I'm going

446
00:21:27,640 --> 00:21:29,440
Speaker 2: to park my money somewhere else. Now, he would like,

447
00:21:29,480 --> 00:21:32,359
Speaker 2: obviously it to be the ECV, but that looks like

448
00:21:32,400 --> 00:21:35,200
Speaker 2: places like Japan. But if we're seeing a shift of

449
00:21:35,240 --> 00:21:39,160
Speaker 2: this nature, it is gargantuan and it's historic. So watch

450
00:21:39,200 --> 00:21:40,359
Speaker 2: this space. Seventeen to two.

451
00:21:42,040 --> 00:21:46,639
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered

452
00:21:46,640 --> 00:21:47,360
Speaker 1: by News.

453
00:21:47,119 --> 00:21:47,840
Speaker 7: Talks, ep.

454
00:21:49,160 --> 00:21:54,200
Speaker 2: Ill Disturbo. Who are the biggest drinkers of Australian wine

455
00:21:54,200 --> 00:21:57,840
Speaker 2: in the world we are. What's going on there? I'll

456
00:21:57,880 --> 00:21:59,280
Speaker 2: give you some more numbers on this in a moment.

457
00:21:59,359 --> 00:22:01,520
Speaker 2: I don't know how it's got so bad, but anywhere

458
00:22:01,520 --> 00:22:02,359
Speaker 2: more surely fourteen to.

459
00:22:02,359 --> 00:22:07,480
Speaker 1: Two International correspondence with endsit Eye insurance, peace of mind

460
00:22:07,520 --> 00:22:08,560
Speaker 1: for New Zealand business and.

461
00:22:08,640 --> 00:22:10,719
Speaker 2: Nbokay, if we didn't make any wine, but guess what

462
00:22:10,760 --> 00:22:12,080
Speaker 2: we do? Joe, how are you?

463
00:22:12,960 --> 00:22:13,320
Speaker 15: Great?

464
00:22:13,400 --> 00:22:13,640
Speaker 6: Mike?

465
00:22:13,680 --> 00:22:14,040
Speaker 1: How are you?

466
00:22:14,280 --> 00:22:16,240
Speaker 2: Of course you know me. I'm living in the dream now. Listen,

467
00:22:16,320 --> 00:22:18,680
Speaker 2: this is the Pope when he goes look, I'll do

468
00:22:18,760 --> 00:22:21,000
Speaker 2: the Vatican and you can all come here and sort

469
00:22:21,040 --> 00:22:25,200
Speaker 2: the war out. How logistically does that work with Maloney

470
00:22:25,240 --> 00:22:27,560
Speaker 2: given this sort of he's not the Prime Minister and

471
00:22:27,600 --> 00:22:29,360
Speaker 2: she's not the Pope. How does that unfold?

472
00:22:29,600 --> 00:22:30,000
Speaker 12: Yeah?

473
00:22:30,200 --> 00:22:33,680
Speaker 15: Well, I was surprised. He's told the Prime Minister Georgia

474
00:22:33,720 --> 00:22:36,560
Speaker 15: Maloney he's ready to host negotiations at the Vatican to

475
00:22:36,600 --> 00:22:39,439
Speaker 15: try and end the war between Russia and Ukraine. She

476
00:22:39,560 --> 00:22:41,720
Speaker 15: seems to be going along with it. But I mean,

477
00:22:41,760 --> 00:22:44,239
Speaker 15: are we really going to see Vladimir Pusian end up

478
00:22:44,240 --> 00:22:48,520
Speaker 15: in Rome? He sent his Culture minister to the inauguration,

479
00:22:49,040 --> 00:22:51,840
Speaker 15: and I think that shows you what he thinks about

480
00:22:51,840 --> 00:22:52,400
Speaker 15: the Vatican.

481
00:22:52,680 --> 00:22:56,240
Speaker 2: Yeah, so maybe that's going nowhere. Who knows this IDF

482
00:22:56,280 --> 00:22:59,440
Speaker 2: thing though the Israelis. This is just another example. I

483
00:22:59,520 --> 00:23:02,480
Speaker 2: get the scene that the world is very quickly getting

484
00:23:02,520 --> 00:23:03,679
Speaker 2: sick of what is railed up to.

485
00:23:04,920 --> 00:23:05,240
Speaker 16: Yeah.

486
00:23:05,400 --> 00:23:08,600
Speaker 15: I mean today we saw the idea of shooting in

487
00:23:08,640 --> 00:23:12,040
Speaker 15: the air during an EU visit. The Italians were pretty

488
00:23:12,080 --> 00:23:15,000
Speaker 15: distressed about that because they also had one of their

489
00:23:15,160 --> 00:23:19,680
Speaker 15: vice consuls there at the meeting, the Vice consul to Jerusalem,

490
00:23:20,880 --> 00:23:25,399
Speaker 15: and the Prime Minister has ordered the Foreign Minister, Antonio

491
00:23:25,400 --> 00:23:29,680
Speaker 15: Tahani to summon the Israeli ambassador to Italy to make

492
00:23:29,920 --> 00:23:33,239
Speaker 15: a formal complaint about this. So I think people are

493
00:23:33,320 --> 00:23:36,119
Speaker 15: running out of patients, and we are seeing a shift

494
00:23:36,119 --> 00:23:38,080
Speaker 15: in the tone at the moment. I'm sure you feel

495
00:23:38,119 --> 00:23:38,600
Speaker 15: the same.

496
00:23:38,680 --> 00:23:40,920
Speaker 2: Hundred scent we said. I think, as far as I

497
00:23:40,920 --> 00:23:43,760
Speaker 2: can work, I don't think we called our the Israeli ambassador,

498
00:23:43,800 --> 00:23:45,680
Speaker 2: and but our foreign minister was saying pretty much the

499
00:23:45,720 --> 00:23:47,600
Speaker 2: same thing. And I know that the trade talks that

500
00:23:47,640 --> 00:23:50,919
Speaker 2: the UK are conducting thereof they called ambassadors in and

501
00:23:51,000 --> 00:23:54,159
Speaker 2: so it goes tell you what I'm watching Joe, I

502
00:23:54,200 --> 00:23:56,159
Speaker 2: think I asked you once before and he hadn't seen it.

503
00:23:56,160 --> 00:23:59,480
Speaker 2: But Stanley Tucci did a very good series for CNN

504
00:23:59,560 --> 00:24:01,880
Speaker 2: on food around Italy, the regions of Italy, and it's

505
00:24:01,920 --> 00:24:05,280
Speaker 2: now gone to National Geographic and I've just started watching

506
00:24:05,480 --> 00:24:09,000
Speaker 2: the new series of that, and what I'm noticing is

507
00:24:09,640 --> 00:24:13,320
Speaker 2: a lot of Italy, as beautiful as it is, as

508
00:24:13,440 --> 00:24:18,000
Speaker 2: historic as it is, seems poor and it seems run down.

509
00:24:18,160 --> 00:24:19,560
Speaker 2: Is that a fair assessment or not?

510
00:24:20,480 --> 00:24:20,720
Speaker 13: Yeah?

511
00:24:20,760 --> 00:24:23,600
Speaker 15: I think what you do see on that program, in particular,

512
00:24:23,720 --> 00:24:26,560
Speaker 15: is these areas, these pockets of Italy, like you said,

513
00:24:26,560 --> 00:24:31,000
Speaker 15: that are underdeveloped, that have been forgotten, that really are

514
00:24:31,040 --> 00:24:35,439
Speaker 15: still very agricultural, very poor, that have suffered from emigration,

515
00:24:35,800 --> 00:24:38,440
Speaker 15: you know, that are really crumbling. And that's we've talked

516
00:24:38,440 --> 00:24:40,960
Speaker 15: about the one year of houses for example, in those

517
00:24:41,000 --> 00:24:42,359
Speaker 15: some of those areas as well.

518
00:24:42,800 --> 00:24:45,240
Speaker 2: And my nephew, as you probably well know, is sitting

519
00:24:45,280 --> 00:24:47,720
Speaker 2: in Sydney at the moment, having abandoned Italy because it

520
00:24:48,280 --> 00:24:51,240
Speaker 2: is not to his liking. At the moment, are lots

521
00:24:51,240 --> 00:24:54,000
Speaker 2: of people bailing, Yeah.

522
00:24:53,840 --> 00:24:56,960
Speaker 15: Especially the young people we're seeing now one hundred thousand

523
00:24:57,080 --> 00:25:00,439
Speaker 15: university graduates aged from twenty five to thirty four have

524
00:25:00,640 --> 00:25:03,959
Speaker 15: left Italy in the past ten years, and this trend

525
00:25:04,160 --> 00:25:06,720
Speaker 15: is not being turned around. I don't see the government

526
00:25:06,880 --> 00:25:11,439
Speaker 15: in particular or private enterprise offering opportunities. It's still a

527
00:25:11,440 --> 00:25:16,520
Speaker 15: country that operates on personal connections and what they call racommandatzioni.

528
00:25:16,640 --> 00:25:19,880
Speaker 15: So when you have somebody that introduces you to a job,

529
00:25:20,400 --> 00:25:23,280
Speaker 15: So these people are leaving, they're not coming back.

530
00:25:23,480 --> 00:25:26,399
Speaker 2: So if you've got people leaving and we're suffering the

531
00:25:26,400 --> 00:25:28,800
Speaker 2: same problem. Of course, if you've got people leaving, then

532
00:25:28,840 --> 00:25:32,800
Speaker 2: how do these citizenship rules dubtail with that?

533
00:25:33,200 --> 00:25:37,280
Speaker 15: If you're making a part exactly, The Italian Parliament is

534
00:25:37,400 --> 00:25:40,800
Speaker 15: passing a law to make it more difficult for people

535
00:25:40,840 --> 00:25:45,480
Speaker 15: who live abroad with Italian heritage to gain citizenship. Now

536
00:25:45,600 --> 00:25:49,159
Speaker 15: you must have a bloodline, you must have a parent

537
00:25:49,280 --> 00:25:52,400
Speaker 15: or a grandparent who was a citizen of Italy. So

538
00:25:52,640 --> 00:25:54,800
Speaker 15: you would think they would be making it easier since

539
00:25:54,800 --> 00:25:56,920
Speaker 15: they're losing all these young people, but in fact they're

540
00:25:56,960 --> 00:25:58,040
Speaker 15: making it more difficult.

541
00:25:58,119 --> 00:26:00,639
Speaker 2: Amazing, All right, Joe ketchup next week very much. Joe

542
00:26:00,720 --> 00:26:03,200
Speaker 2: mckenner out of Italy. This one. I can thoroughly recommend it.

543
00:26:03,200 --> 00:26:05,000
Speaker 2: I mean I recommend it the first time with CNN,

544
00:26:05,000 --> 00:26:06,600
Speaker 2: but CNN ran out of money, so he went to

545
00:26:06,720 --> 00:26:09,600
Speaker 2: National Geographics. So they're all new programs. But what you

546
00:26:09,720 --> 00:26:11,960
Speaker 2: noticed was and it's beautifully shot, and I mean, you

547
00:26:12,000 --> 00:26:13,760
Speaker 2: can't argue with that. He was in the first episode

548
00:26:13,760 --> 00:26:16,400
Speaker 2: Who's in Tuscany and Tuscanese. I mean, it's just it's

549
00:26:16,480 --> 00:26:20,520
Speaker 2: gobsmakingly beautiful. But he just wanders around little eating tripe.

550
00:26:20,800 --> 00:26:22,840
Speaker 2: That's all they serve. And if it's not tripe, it's awful.

551
00:26:22,920 --> 00:26:25,240
Speaker 2: They saved He had a bowl last night. He was

552
00:26:25,240 --> 00:26:27,760
Speaker 2: in Lombardy. Lombardy, by the way, has been saved by

553
00:26:27,800 --> 00:26:30,959
Speaker 2: the Indians, which I didn't know. So they were farming

554
00:26:30,960 --> 00:26:35,320
Speaker 2: in Lombardy, south of Milan, north of Amelia Romano, which

555
00:26:35,359 --> 00:26:37,000
Speaker 2: is where the f one was the other day. Anyway,

556
00:26:37,000 --> 00:26:39,040
Speaker 2: that's the farming area, or one of the farming areas.

557
00:26:39,040 --> 00:26:41,800
Speaker 2: So they give up farming. The bit sick of farming,

558
00:26:42,040 --> 00:26:44,360
Speaker 2: so they brought all these Indians in and the Indians

559
00:26:44,359 --> 00:26:47,200
Speaker 2: loved the cows, and they saved farming. And grana padano,

560
00:26:47,320 --> 00:26:48,879
Speaker 2: which is one of the great cheeses of the world.

561
00:26:49,200 --> 00:26:51,360
Speaker 2: There is more granit bandano eaten in the world than

562
00:26:51,400 --> 00:26:54,720
Speaker 2: any other cheese going, and the Indians have saved Granna

563
00:26:54,760 --> 00:26:56,520
Speaker 2: Padano in that particular part of the world. Anyway, it

564
00:26:56,560 --> 00:26:58,920
Speaker 2: gets a bowl of food and what's the food. It's rabbit,

565
00:26:59,040 --> 00:27:03,240
Speaker 2: all the different bits of but none of the meat, tongue, throat, stomach.

566
00:27:03,520 --> 00:27:06,600
Speaker 2: I'm it's exactly. And all he does is scoop it up,

567
00:27:06,600 --> 00:27:08,240
Speaker 2: and I mean, God bless him. He scoops it up.

568
00:27:08,280 --> 00:27:10,880
Speaker 2: He goes, oh delicious, And you think, well, fair enough,

569
00:27:11,240 --> 00:27:13,880
Speaker 2: but that's literally. In fact, they ran out of tripe.

570
00:27:13,920 --> 00:27:17,600
Speaker 2: When they ran out of tripe, they invented fake tripe,

571
00:27:18,040 --> 00:27:22,679
Speaker 2: which is basically polenta stuck together, called fake tripe. And

572
00:27:22,720 --> 00:27:24,639
Speaker 2: I'm thinking, how many of these restaurants can you go

573
00:27:24,680 --> 00:27:29,200
Speaker 2: around eating the same polenta? I'm back in nine Away from.

574
00:27:29,080 --> 00:27:33,520
Speaker 1: Seven the mate Hosking Breakfast with Bailey's Real Estate News

575
00:27:33,560 --> 00:27:34,119
Speaker 1: Dogs Dead be.

576
00:27:34,320 --> 00:27:36,399
Speaker 2: You might just remember that much of the annoyance of

577
00:27:36,400 --> 00:27:38,679
Speaker 2: many in Australian wine industry, the Australians drink a lot

578
00:27:38,720 --> 00:27:40,040
Speaker 2: of New Zealand wine. I will come back to the

579
00:27:40,119 --> 00:27:42,359
Speaker 2: numbers a year, but you gotta understand that their wines

580
00:27:42,400 --> 00:27:44,280
Speaker 2: crap and ours isn't. So I mean, there's nothing wrong

581
00:27:44,280 --> 00:27:46,800
Speaker 2: with them drinking. It's just there's a bit cheaper. Sometimes

582
00:27:46,840 --> 00:27:49,480
Speaker 2: it's a bit and there's a reason for it. Glenn,

583
00:27:49,520 --> 00:27:52,439
Speaker 2: it's crap Italy pour and run down. Might take a

584
00:27:52,440 --> 00:27:55,000
Speaker 2: look around you don't. It's why I raised it. Whether

585
00:27:55,040 --> 00:27:57,480
Speaker 2: it's the same thing, it's the malaise of New Zealand,

586
00:27:57,520 --> 00:27:59,760
Speaker 2: it's the malaise of Italy. It's places like that all

587
00:27:59,760 --> 00:28:02,280
Speaker 2: over the world that are suffering the same problems. Five

588
00:28:02,320 --> 00:28:06,160
Speaker 2: away from seven.

589
00:28:06,240 --> 00:28:09,480
Speaker 1: For the ins and the ouse. It's the fiz with

590
00:28:09,760 --> 00:28:13,160
Speaker 1: business tiber take your business productivity to the next level.

591
00:28:13,200 --> 00:28:16,679
Speaker 2: I got more good news. Jobs Seek Employment report for April.

592
00:28:16,760 --> 00:28:20,160
Speaker 2: Job ads are up one percent for the month, fourth

593
00:28:20,200 --> 00:28:22,520
Speaker 2: month in a row, that's jan feb March in April.

594
00:28:22,560 --> 00:28:24,439
Speaker 2: They also say, this is where it gets confusing, that

595
00:28:24,560 --> 00:28:26,840
Speaker 2: job ads grew one percent for the second month, marking

596
00:28:26,880 --> 00:28:29,119
Speaker 2: the first consecutive months of growth in almost two years.

597
00:28:29,240 --> 00:28:31,320
Speaker 2: So the two don't dovetail. The two don't make sense.

598
00:28:31,320 --> 00:28:33,800
Speaker 2: Did they chat GPT that did that? What happened there?

599
00:28:34,480 --> 00:28:38,040
Speaker 2: Job applications are down three percent month on month, more

600
00:28:38,120 --> 00:28:39,880
Speaker 2: jobs come on to the market, so that's the first

601
00:28:39,960 --> 00:28:43,600
Speaker 2: drop since November. Encouraging manure. Two biggest rise in job

602
00:28:43,640 --> 00:28:47,480
Speaker 2: ads at ten percent, followed by Northland eight, Tasman seven,

603
00:28:47,760 --> 00:28:51,360
Speaker 2: Auckland three, Wellington christ dut it's nothing, Come on christ Dute,

604
00:28:51,400 --> 00:28:53,880
Speaker 2: I mean Wellington, I get for christ Church, Come on nothing.

605
00:28:54,400 --> 00:28:57,680
Speaker 2: Gisbon dragging us down adds a down fifteen percent, Taranaki

606
00:28:57,760 --> 00:29:02,560
Speaker 2: eight down, Hawks Bay, Marlborough down. Applications per job. They

607
00:29:02,640 --> 00:29:06,320
Speaker 2: decreased in all regions bar Manua two. Twenty one of

608
00:29:06,320 --> 00:29:09,040
Speaker 2: the twenty eight industries had month on month ad increases,

609
00:29:09,080 --> 00:29:12,640
Speaker 2: So that's encouraging. So virtually all of them. Biggest increased

610
00:29:12,640 --> 00:29:16,440
Speaker 2: Design and architect Design and architecture fifteen percent up to

611
00:29:16,440 --> 00:29:19,360
Speaker 2: all go retailing, consumer products. How to explain this up

612
00:29:19,400 --> 00:29:21,680
Speaker 2: ten percent retail? How to explain this? No and shopping?

613
00:29:21,680 --> 00:29:26,560
Speaker 2: Apparently Kirk's not Kirks Smith and Coe. Now look at

614
00:29:26,600 --> 00:29:28,640
Speaker 2: that makes me so angry. It makes me so bloody

615
00:29:28,680 --> 00:29:31,320
Speaker 2: angry Smith and Coey, I'll come back to that. I'm

616
00:29:31,440 --> 00:29:32,760
Speaker 2: going to get too angry for the news, and I

617
00:29:32,800 --> 00:29:35,400
Speaker 2: don't have time to be that angry. Where are my farming? Animals?

618
00:29:35,480 --> 00:29:38,600
Speaker 2: Human Resources and recruitment all up nine percent. Biggest drop

619
00:29:39,160 --> 00:29:42,560
Speaker 2: was in science and tech down eight, Insurance down five, sport,

620
00:29:42,640 --> 00:29:45,880
Speaker 2: and wrecked down four, healthcare down three. There's a lot

621
00:29:45,880 --> 00:29:48,400
Speaker 2: of noise around those numbers, but let's take out the

622
00:29:48,440 --> 00:29:49,960
Speaker 2: good news where we can find it, and that is

623
00:29:50,000 --> 00:29:54,280
Speaker 2: the number of job ads are going up, encouraging, which

624
00:29:54,320 --> 00:29:57,280
Speaker 2: does of course debtail into two pm this sarpternoon coverage

625
00:29:57,320 --> 00:29:59,560
Speaker 2: on zb obviously, but we'll go through a bunch of

626
00:29:59,560 --> 00:30:02,680
Speaker 2: sectors the next half hour and see what their expectations are.

627
00:30:02,720 --> 00:30:05,000
Speaker 2: I hope they're tempered because we've got literally no dough.

628
00:30:05,080 --> 00:30:07,840
Speaker 2: Yes it is budget day, and then later Steven Joyce,

629
00:30:07,880 --> 00:30:11,360
Speaker 2: former Finance Minister with us as well. Meantime news is next.

630
00:30:11,920 --> 00:30:15,000
Speaker 1: The only report you need to start your day, The

631
00:30:15,200 --> 00:30:19,320
Speaker 1: mic Costing Breakfast with Bailey's real Estate, your local experts

632
00:30:19,320 --> 00:30:22,160
Speaker 1: across residential, commercial and rural news togs.

633
00:30:22,160 --> 00:30:24,080
Speaker 2: He had been only seven past seven Budget day and

634
00:30:24,080 --> 00:30:25,840
Speaker 2: what to expect given we've got no money, but the

635
00:30:25,880 --> 00:30:28,360
Speaker 2: expectation among some remains as high as ever. So what

636
00:30:28,440 --> 00:30:30,880
Speaker 2: are the priorities? Is it's saving or borrowing all? Both

637
00:30:30,880 --> 00:30:33,360
Speaker 2: Michelle and the Comick is the policy director at Infrastructure

638
00:30:33,360 --> 00:30:35,600
Speaker 2: New Zealand and as with us Michelle, good morning.

639
00:30:35,880 --> 00:30:36,520
Speaker 17: Good morning Mike.

640
00:30:36,640 --> 00:30:39,239
Speaker 2: The broad direction of travel, the roads, the rail what

641
00:30:39,280 --> 00:30:41,000
Speaker 2: we've heard so far, do you get a sense the

642
00:30:41,040 --> 00:30:42,240
Speaker 2: government's on top of it or not.

643
00:30:43,520 --> 00:30:45,360
Speaker 17: I think they're trying to make some progress within the

644
00:30:45,400 --> 00:30:48,480
Speaker 17: constraints and it's good to see that his continuation and

645
00:30:48,520 --> 00:30:52,080
Speaker 17: building on the fundamentals too. We've got eight one hundred

646
00:30:52,080 --> 00:30:55,200
Speaker 17: projects sitting in our pipeline, so there's no shortage of ideas,

647
00:30:55,560 --> 00:30:58,720
Speaker 17: but only about half of the two one hundred and

648
00:30:58,800 --> 00:31:02,040
Speaker 17: seven billion dollars worth of work is actually funded. So yeah,

649
00:31:02,080 --> 00:31:03,760
Speaker 17: there's a lot of opportunity to move forward that some

650
00:31:03,800 --> 00:31:05,720
Speaker 17: of it's the system settings too that we want to

651
00:31:05,720 --> 00:31:07,280
Speaker 17: see progress continue to be made.

652
00:31:07,480 --> 00:31:10,080
Speaker 2: Do you want to hear something about these PPPs or

653
00:31:10,080 --> 00:31:12,840
Speaker 2: the overseas investment or the money coming from somewhere today?

654
00:31:13,560 --> 00:31:17,120
Speaker 17: Yeah, definitely. We're king that the government infrastructure is set

655
00:31:17,240 --> 00:31:21,920
Speaker 17: up to continue to leverage their private funding and that

656
00:31:22,040 --> 00:31:25,560
Speaker 17: the government departments are well resourced so they can make

657
00:31:25,560 --> 00:31:28,240
Speaker 17: the policy work on the arimas, on the funding and

658
00:31:28,280 --> 00:31:31,520
Speaker 17: financing aspects that they are set up to be the

659
00:31:31,520 --> 00:31:35,440
Speaker 17: welcome maps for New Zealand for international investments.

660
00:31:35,080 --> 00:31:38,680
Speaker 2: Around the around the rules and structures. Are they moving

661
00:31:38,760 --> 00:31:39,480
Speaker 2: fast enough?

662
00:31:40,440 --> 00:31:42,400
Speaker 17: There's a lot of work there are we are seeing progress.

663
00:31:42,400 --> 00:31:45,360
Speaker 17: It was great to see public works at changes introduced

664
00:31:45,960 --> 00:31:48,480
Speaker 17: which will be a game changer for those past Trek projects.

665
00:31:48,840 --> 00:31:50,680
Speaker 2: Good stuff, Michelle, good to talk to. You appreciate it.

666
00:31:50,720 --> 00:31:53,640
Speaker 2: Michelle mcormick, who's with the Infrastructure New Zealand People Health.

667
00:31:54,280 --> 00:31:56,560
Speaker 2: As back as a basket case sort of scenario, these

668
00:31:56,640 --> 00:31:58,440
Speaker 2: days have been plenty of announcements, one hundred and sixty

669
00:31:58,440 --> 00:31:59,920
Speaker 2: four million just the other day for the after our

670
00:32:00,040 --> 00:32:01,680
Speaker 2: six hundred MANI of the farm mark. Of course, David

671
00:32:01,720 --> 00:32:04,520
Speaker 2: Willsness is Society National Directors. Whether it's David morning to.

672
00:32:04,480 --> 00:32:06,240
Speaker 13: You, good morning cure.

673
00:32:06,440 --> 00:32:09,160
Speaker 2: Are you full of hope and expectation or realism?

674
00:32:09,240 --> 00:32:14,160
Speaker 9: Well, there is some expectation that there will be boosts

675
00:32:14,160 --> 00:32:17,240
Speaker 9: in some quarters. Governments sort of hinted at that, but

676
00:32:17,360 --> 00:32:20,600
Speaker 9: hopefully it's better than last time because the last budget,

677
00:32:20,680 --> 00:32:24,680
Speaker 9: although it claimed to deliver some increases, in reality there

678
00:32:24,840 --> 00:32:29,600
Speaker 9: was underfunding in real terms and services like to funer

679
00:32:29,720 --> 00:32:34,240
Speaker 9: or they need more funds. They have to if they're

680
00:32:34,240 --> 00:32:36,160
Speaker 9: going to deliver and meet targets. They need to have

681
00:32:36,200 --> 00:32:39,800
Speaker 9: adequate funding. Primary care is crying out for more funding

682
00:32:39,840 --> 00:32:43,280
Speaker 9: to ensure better access for services and to retain staff.

683
00:32:43,680 --> 00:32:48,040
Speaker 9: And you've got sectors like hospices that are struggling now

684
00:32:48,280 --> 00:32:51,240
Speaker 9: and despite the challenge and in fact because of the

685
00:32:51,720 --> 00:32:55,520
Speaker 9: challenges of the economic terms, because those areas depend very

686
00:32:55,600 --> 00:32:59,280
Speaker 9: much on donations and such likes. So really all courters

687
00:32:59,320 --> 00:33:02,440
Speaker 9: of the house stem the need real funding increases and

688
00:33:02,520 --> 00:33:03,800
Speaker 9: not just slip service.

689
00:33:03,480 --> 00:33:06,040
Speaker 2: About is it funded. Well, of course it's funding, Yes,

690
00:33:06,080 --> 00:33:09,240
Speaker 2: it's funding, But is it funding over labor or labor

691
00:33:09,280 --> 00:33:11,520
Speaker 2: over funding or just give us everything.

692
00:33:12,600 --> 00:33:16,600
Speaker 9: Well, in terms of staffing, you need funds to be

693
00:33:16,680 --> 00:33:22,080
Speaker 9: able to attract Britain and deliver. But services can't be

694
00:33:22,160 --> 00:33:25,400
Speaker 9: delivered unless there's an adequate level of funding. And historically,

695
00:33:25,800 --> 00:33:29,080
Speaker 9: historically we you know, we've got it in many respects.

696
00:33:29,120 --> 00:33:31,160
Speaker 9: We have a good health system, but it is one

697
00:33:31,440 --> 00:33:39,480
Speaker 9: that has been underfunded historically and particularly with recent economic

698
00:33:39,560 --> 00:33:44,400
Speaker 9: challenges really hurting and public want to see services. They

699
00:33:44,480 --> 00:33:48,520
Speaker 9: need to insist that there is adequate funding.

700
00:33:48,520 --> 00:33:51,840
Speaker 2: Appreciate it. David Will's Nurses Society. It is ten minutes

701
00:33:51,840 --> 00:33:54,760
Speaker 2: past seven. For business, mixed bag has recovery slowly moves forward.

702
00:33:54,840 --> 00:33:58,280
Speaker 2: I mean I mentioned manufacturing improving services, not confidence fragile.

703
00:33:58,320 --> 00:34:00,840
Speaker 2: Katherine Rich's Business New Zealand Sea own She is with us.

704
00:34:00,880 --> 00:34:04,440
Speaker 2: Catherine morning to you, good morning. The big picture is

705
00:34:04,520 --> 00:34:08,239
Speaker 2: the government focused on business and cognizant of its role

706
00:34:08,360 --> 00:34:09,279
Speaker 2: in a recovery.

707
00:34:10,560 --> 00:34:12,360
Speaker 10: Yes, it is, and I think that's why this is

708
00:34:12,360 --> 00:34:15,440
Speaker 10: a growth budget. Many of the announcements with regard to

709
00:34:15,480 --> 00:34:18,640
Speaker 10: business have already been made, But I haven't seen a

710
00:34:18,680 --> 00:34:22,080
Speaker 10: government in my lifetime that's so methodically looked through every

711
00:34:22,120 --> 00:34:24,799
Speaker 10: single facet of business and asked the question, what can

712
00:34:24,840 --> 00:34:27,960
Speaker 10: we do to make things easier? So the the firms,

713
00:34:28,000 --> 00:34:31,319
Speaker 10: the R and D tax credit, they're reviewing SBT, they're

714
00:34:31,320 --> 00:34:36,040
Speaker 10: improving immigration, foreign direct investment. It'd be good if there's

715
00:34:36,080 --> 00:34:39,400
Speaker 10: some kind of accelerated depreciation for plant and equipment. But

716
00:34:39,520 --> 00:34:42,440
Speaker 10: there have been a lot of announcements that make it

717
00:34:42,440 --> 00:34:44,920
Speaker 10: will contribute to a better business in this country.

718
00:34:45,080 --> 00:34:47,440
Speaker 2: These talked about key we server changes. Are you going

719
00:34:47,480 --> 00:34:49,960
Speaker 2: to squeal at that or welcome that if they come

720
00:34:50,000 --> 00:34:50,520
Speaker 2: to pass.

721
00:34:51,040 --> 00:34:54,000
Speaker 10: Look, I think most business owners understand that over a

722
00:34:54,040 --> 00:34:56,399
Speaker 10: period of time, we have to do more to help

723
00:34:56,440 --> 00:35:01,480
Speaker 10: the country save. If there's annnouncement on that today, very

724
00:35:01,520 --> 00:35:05,520
Speaker 10: much depends on how it's phased over time, because businesses

725
00:35:06,040 --> 00:35:09,320
Speaker 10: over time can factor it into wage negotiations and salaries,

726
00:35:09,880 --> 00:35:13,040
Speaker 10: but certainly there are some big picture issues like superannuation

727
00:35:13,200 --> 00:35:17,359
Speaker 10: and savings that need to be dealt with if we're

728
00:35:17,400 --> 00:35:20,160
Speaker 10: ever going to get back into a surplus.

729
00:35:20,480 --> 00:35:21,320
Speaker 17: So today we're.

730
00:35:21,160 --> 00:35:25,280
Speaker 10: Looking for a credible confidence building budget.

731
00:35:25,520 --> 00:35:27,600
Speaker 2: I hope you're right, Catherine, appreciate it. Catherine rich Out

732
00:35:27,600 --> 00:35:29,640
Speaker 2: of Business in New Zealand, speaking which on the tax front,

733
00:35:29,680 --> 00:35:32,400
Speaker 2: we've got the seventy five million set aside for foreign investment,

734
00:35:32,880 --> 00:35:35,440
Speaker 2: the Golden Visa's money for movies and subsidies the other day,

735
00:35:35,440 --> 00:35:38,200
Speaker 2: but the tax treatment around the shares of employees at startups.

736
00:35:38,200 --> 00:35:40,640
Speaker 2: Tax partner at Deloitte, Robin Walker's with us, Robin morning

737
00:35:40,640 --> 00:35:40,920
Speaker 2: to you.

738
00:35:41,719 --> 00:35:42,280
Speaker 18: Good morning.

739
00:35:42,320 --> 00:35:44,040
Speaker 2: A lot of talk around key we Sabor. Do you

740
00:35:44,120 --> 00:35:46,400
Speaker 2: expect to move well?

741
00:35:46,560 --> 00:35:49,600
Speaker 18: I think the Minister of Finance has indicated something. What

742
00:35:49,640 --> 00:35:52,439
Speaker 18: that is hard to tell. If I was to take

743
00:35:52,480 --> 00:35:54,879
Speaker 18: a punt at what it could be, it could be

744
00:35:54,960 --> 00:35:59,400
Speaker 18: something that the tax working recommended, which was to refund

745
00:35:59,440 --> 00:36:03,200
Speaker 18: the tax that comes off the employer contributions into KEI

746
00:36:03,200 --> 00:36:06,400
Speaker 18: we savor for low and middle income earners. That's what

747
00:36:06,480 --> 00:36:07,600
Speaker 18: I would pack as a change.

748
00:36:07,960 --> 00:36:09,600
Speaker 2: So the four and four could be right.

749
00:36:11,440 --> 00:36:13,040
Speaker 18: I'm not sure about the four and four. It could

750
00:36:13,080 --> 00:36:15,719
Speaker 18: stay three and three, but let's not tax the three

751
00:36:15,760 --> 00:36:18,560
Speaker 18: that the employer is putting in, and that will make

752
00:36:18,600 --> 00:36:20,520
Speaker 18: it that will make a difference to people's savings.

753
00:36:20,719 --> 00:36:23,600
Speaker 2: Means testing does that help or hinder? I mean depends

754
00:36:23,640 --> 00:36:25,160
Speaker 2: on what you're looking at. It saves their money, but

755
00:36:25,239 --> 00:36:28,120
Speaker 2: it means testing a possibility and does that change the

756
00:36:28,120 --> 00:36:29,040
Speaker 2: game in any great way?

757
00:36:30,760 --> 00:36:34,160
Speaker 18: Hard to say. I mean, it's really something where you've

758
00:36:34,160 --> 00:36:36,560
Speaker 18: got to look at as the compliance costs and all

759
00:36:36,600 --> 00:36:41,480
Speaker 18: the rigor that goes around means testing worth it? Possibly not.

760
00:36:41,800 --> 00:36:46,000
Speaker 2: Do you see depreciation as a major play today.

761
00:36:45,560 --> 00:36:48,760
Speaker 18: Well, it would be nice, but depreciation changes are actually

762
00:36:48,800 --> 00:36:52,040
Speaker 18: really expensive. Probably One of the things I'd say is,

763
00:36:52,200 --> 00:36:55,040
Speaker 18: I mean, this government likes to tweak around the edges.

764
00:36:55,480 --> 00:36:58,360
Speaker 18: What are things that are just annoying niggles that add

765
00:36:58,440 --> 00:37:01,799
Speaker 18: compliance costs reduce activity. So, you know, if they wanted

766
00:37:01,840 --> 00:37:04,440
Speaker 18: to do something simple round appreciation, you could look at

767
00:37:04,480 --> 00:37:07,319
Speaker 18: rules when you buy low value assets and make it

768
00:37:07,360 --> 00:37:10,200
Speaker 18: easier to just expense things. Currently, there's a whole heap

769
00:37:10,239 --> 00:37:12,640
Speaker 18: of complicated rules that say, you know, if I buy

770
00:37:12,640 --> 00:37:15,640
Speaker 18: a cheer that costs five hundred dollars, I can expense that.

771
00:37:15,719 --> 00:37:18,359
Speaker 18: But if I buy three cheers, I can't expense them.

772
00:37:18,400 --> 00:37:20,400
Speaker 18: I have to capitalize them if I buy them all together.

773
00:37:20,680 --> 00:37:23,320
Speaker 18: Things like that would be great to see those sorts

774
00:37:23,360 --> 00:37:23,880
Speaker 18: of rules.

775
00:37:24,680 --> 00:37:25,040
Speaker 7: Tweet.

776
00:37:25,360 --> 00:37:28,759
Speaker 2: Are they pulling every liver that you can see for

777
00:37:29,040 --> 00:37:31,239
Speaker 2: you know, pro growth, get this country off its knees?

778
00:37:31,280 --> 00:37:32,600
Speaker 2: Are they pulling everything they can?

779
00:37:33,719 --> 00:37:36,000
Speaker 18: They're definitely having a good look. The problem that we

780
00:37:36,160 --> 00:37:39,160
Speaker 18: got is that tax changes through cost money as well,

781
00:37:39,160 --> 00:37:42,120
Speaker 18: So it's like finding that balance between how do you

782
00:37:42,200 --> 00:37:46,680
Speaker 18: fund it and what actually makes most difference.

783
00:37:47,520 --> 00:37:50,040
Speaker 2: All right, Robin, appreciate it. Good luck today, Robin Walker,

784
00:37:50,080 --> 00:37:52,200
Speaker 2: tax partner at Deloitte. Stephen Joyce has done a bit

785
00:37:52,239 --> 00:37:54,239
Speaker 2: of this. The thing I'm looking for is when we

786
00:37:54,280 --> 00:37:56,600
Speaker 2: return to surplus and whether the forecasts up until now

787
00:37:56,600 --> 00:37:58,840
Speaker 2: from Treasury have turned out to be remotely true or

788
00:37:58,880 --> 00:38:00,960
Speaker 2: we're charting new gras. And that's before we get to

789
00:38:01,000 --> 00:38:03,840
Speaker 2: the debt servicing and of course any more debt that's coming.

790
00:38:04,200 --> 00:38:06,640
Speaker 2: Stephen Joyce for you in about fifteen twenty minutes time

791
00:38:06,640 --> 00:38:07,560
Speaker 2: fourteen past.

792
00:38:08,719 --> 00:38:12,640
Speaker 1: The Hi Like Asking Breakfast full show podcast on iHeartRadio

793
00:38:12,800 --> 00:38:14,160
Speaker 1: powered by News Talks at b.

794
00:38:14,920 --> 00:38:17,839
Speaker 2: News Talks have be just developing Nittnya who's claiming he's

795
00:38:17,880 --> 00:38:22,560
Speaker 2: probably his word not mine, probably killed Mohammed Sinhwa. This

796
00:38:22,640 --> 00:38:24,560
Speaker 2: came out of the attack last week that killed twenty

797
00:38:24,560 --> 00:38:26,920
Speaker 2: eight Palestinians wounded fifty, got a lot of people upset.

798
00:38:26,960 --> 00:38:30,200
Speaker 2: Obviously they targeted him or so they claim. He's the

799
00:38:30,239 --> 00:38:33,800
Speaker 2: brother of former Yaya Sinhwah, so so a new leader

800
00:38:33,840 --> 00:38:36,640
Speaker 2: but potentially dead. So we'll see where that goes. Back home.

801
00:38:36,840 --> 00:38:38,080
Speaker 2: If you ever want to see a story of how

802
00:38:38,080 --> 00:38:40,239
Speaker 2: to record place, try downtown Auckland. After one hundred and

803
00:38:40,280 --> 00:38:42,240
Speaker 2: forty five years. We got confirmation last night that Smith

804
00:38:42,239 --> 00:38:48,120
Speaker 2: and Coe's can't do it anymore. Economic hardship, CBD safety, roade, cones, homeless, parking, packing,

805
00:38:48,120 --> 00:38:50,719
Speaker 2: anyone you want. If you've ever seen a council try

806
00:38:50,760 --> 00:38:52,560
Speaker 2: to record joint, that's this is it. The store will

807
00:38:52,600 --> 00:38:55,120
Speaker 2: officially close by the end of July. Vibecka is the

808
00:38:55,400 --> 00:38:57,400
Speaker 2: heart of the city boss, of course, and she is

809
00:38:57,400 --> 00:39:00,480
Speaker 2: with us. Good morning to you, Good morning. Was it

810
00:39:00,520 --> 00:39:04,160
Speaker 2: always coming post the initial announcement or not?

811
00:39:05,560 --> 00:39:07,960
Speaker 16: Well, we hoped they'd be able to get through to

812
00:39:08,000 --> 00:39:11,800
Speaker 16: the opening of the CRL and we have absolutely laid

813
00:39:11,800 --> 00:39:14,520
Speaker 16: it out clear as day to both Auckland Council and

814
00:39:14,520 --> 00:39:17,920
Speaker 16: on Auckland Transport what they needed to do to reduce

815
00:39:17,960 --> 00:39:21,560
Speaker 16: the barriers to get into the central city. And I

816
00:39:21,600 --> 00:39:25,440
Speaker 16: think the lack of action is inexcusable.

817
00:39:25,520 --> 00:39:27,120
Speaker 2: I know you don't like me saying this, but I've

818
00:39:27,160 --> 00:39:29,280
Speaker 2: been to this. I go to the city, it's a dump.

819
00:39:29,320 --> 00:39:31,200
Speaker 2: I wouldn't go to Smith and che Why would it

820
00:39:31,200 --> 00:39:34,120
Speaker 2: bother with the homeless, the cones, the signs, the finds

821
00:39:34,200 --> 00:39:38,000
Speaker 2: that you can't get there. It's just ruined. It's wrecked.

822
00:39:39,600 --> 00:39:45,399
Speaker 16: Well on the moment, obviously, that's that's a good call.

823
00:39:45,520 --> 00:39:48,480
Speaker 16: I mean, you know, the reality is, we know the

824
00:39:48,520 --> 00:39:51,440
Speaker 16: things that need to change. There are some fantastic things

825
00:39:51,480 --> 00:39:54,040
Speaker 16: here and we've just had thousands of people for the

826
00:39:54,040 --> 00:39:57,520
Speaker 16: Writers Festival, but there are fundamental flaws in the way

827
00:39:57,560 --> 00:40:00,560
Speaker 16: this is being managed and it has to stop. The

828
00:40:00,640 --> 00:40:03,520
Speaker 16: reality is has been an obsession with getting cars out.

829
00:40:04,040 --> 00:40:06,399
Speaker 16: We've already lost forty four percent of them since it's

830
00:40:06,400 --> 00:40:10,520
Speaker 16: twenty fifteen, and yet Auckland Transport seems to think finding

831
00:40:10,600 --> 00:40:13,839
Speaker 16: people in our nighttime district and Queen Street is acceptable.

832
00:40:14,120 --> 00:40:17,879
Speaker 16: The reality is the ideology has to be replaced by

833
00:40:17,880 --> 00:40:22,680
Speaker 16: common sense, economic viability, operational functionality and has to meet

834
00:40:22,719 --> 00:40:27,000
Speaker 16: Auckland as realistic transport needs. I've got a whole other

835
00:40:27,080 --> 00:40:29,239
Speaker 16: story to talk about another day about the safety and

836
00:40:29,280 --> 00:40:31,239
Speaker 16: what we're trying to get counsel to do on that.

837
00:40:32,239 --> 00:40:34,360
Speaker 16: Not just counsel, but there is more they can do,

838
00:40:34,680 --> 00:40:37,920
Speaker 16: and we determined to keep on that. But the reality

839
00:40:38,000 --> 00:40:40,400
Speaker 16: is we've got so much good stuff and it is

840
00:40:40,440 --> 00:40:43,680
Speaker 16: a positive future. The city rail link will make access easier,

841
00:40:43,840 --> 00:40:47,360
Speaker 16: but we cannot tolerate this behavior anymore. It has to stop.

842
00:40:47,560 --> 00:40:49,799
Speaker 2: Well see but appreciate it back heart of the city.

843
00:40:49,800 --> 00:40:52,120
Speaker 2: Probably the toughest job in US eeled outside being the

844
00:40:52,160 --> 00:40:54,839
Speaker 2: Finance minister. But that's one hundred and forty five years

845
00:40:54,840 --> 00:40:57,759
Speaker 2: of history just done. And that's the Auckland Council for you.

846
00:40:57,840 --> 00:41:01,960
Speaker 2: That's how useless they are. Butter into butter. I am

847
00:41:02,120 --> 00:41:03,640
Speaker 2: more shortly seven twenty.

848
00:41:05,320 --> 00:41:09,920
Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio, call

849
00:41:10,040 --> 00:41:11,160
Speaker 1: it by News Talk SIPP.

850
00:41:13,160 --> 00:41:15,320
Speaker 2: Now, when you're looking to invest the old hard earned

851
00:41:15,480 --> 00:41:18,400
Speaker 2: you want an establishment with the solar foundations. Obviously somewhere

852
00:41:18,520 --> 00:41:21,640
Speaker 2: that has not been explored. Maybe SBS Bank. Try SBS Bank.

853
00:41:21,640 --> 00:41:23,319
Speaker 2: They've been a business in this country for over one

854
00:41:23,400 --> 00:41:25,680
Speaker 2: hundred and fifty five years. Not only pride themselves on

855
00:41:25,680 --> 00:41:29,600
Speaker 2: providing the terrorific rates for investors, they're passionately invested in

856
00:41:29,640 --> 00:41:32,160
Speaker 2: their community as well, proudly keeping those profits right here

857
00:41:32,160 --> 00:41:34,880
Speaker 2: in the country. And don't we love that? SBS calls

858
00:41:34,880 --> 00:41:37,920
Speaker 2: it conserving the Kiwi dream, helping keyw save for their

859
00:41:38,200 --> 00:41:41,320
Speaker 2: dream futures. Are helping first time buyers into their dream homes.

860
00:41:41,680 --> 00:41:44,160
Speaker 2: Qywis helping keews basically, so that's got a ring to it.

861
00:41:44,239 --> 00:41:44,680
Speaker 4: We like that.

862
00:41:44,800 --> 00:41:47,440
Speaker 2: So if you've got grand dreams to invest in your future,

863
00:41:47,840 --> 00:41:50,080
Speaker 2: could be purchasing a holiday home, helping the kids through

864
00:41:50,080 --> 00:41:52,600
Speaker 2: the UNI, saving for a comfortable retirement. Choose the bank

865
00:41:53,000 --> 00:41:55,839
Speaker 2: investing in our future, New Zealand's future. So whatever you're

866
00:41:55,840 --> 00:41:58,280
Speaker 2: saving for SBS Bank, they've got a range of investment

867
00:41:58,320 --> 00:42:00,360
Speaker 2: options to help you get those great retis turns on

868
00:42:00,400 --> 00:42:02,040
Speaker 2: your savings. So if you want to learn more, who

869
00:42:02,080 --> 00:42:06,640
Speaker 2: doesn't you search SBS Bank, SBS Bank start banking with

870
00:42:06,840 --> 00:42:09,600
Speaker 2: heart Paskinging, Friday, seven twenty four. I hope you're following

871
00:42:09,600 --> 00:42:12,239
Speaker 2: the butter debate, specifically the cost co part of it.

872
00:42:12,320 --> 00:42:15,239
Speaker 2: Why because it's an insight into how the world works.

873
00:42:15,320 --> 00:42:17,799
Speaker 2: Especially the economic world, and why Nikola Willis and her

874
00:42:17,800 --> 00:42:20,560
Speaker 2: crusade to convince us supermarkets are ripping us off might

875
00:42:20,800 --> 00:42:24,600
Speaker 2: be wrong. Willis cited Costco the other day when she

876
00:42:24,640 --> 00:42:27,279
Speaker 2: once again reminded us after today's budget she's back to

877
00:42:27,320 --> 00:42:29,759
Speaker 2: the business on the supermarkets and looking to break them

878
00:42:29,840 --> 00:42:32,280
Speaker 2: up or twist their arms or regulate them where it hurts,

879
00:42:32,480 --> 00:42:34,359
Speaker 2: so we can all feel much better about the price

880
00:42:34,400 --> 00:42:37,200
Speaker 2: of a trolley full of goods. What she knew, she said,

881
00:42:37,719 --> 00:42:40,719
Speaker 2: Whilst competition is good for prices, as I tried to

882
00:42:40,760 --> 00:42:44,560
Speaker 2: say yesterday, that's school cerdy economics, and although partially right,

883
00:42:45,000 --> 00:42:47,600
Speaker 2: isn't the whole answer. Butter at cost Co is ten

884
00:42:47,640 --> 00:42:49,800
Speaker 2: bucks a kilo. Elsewhere you can pay ten bucks be

885
00:42:49,840 --> 00:42:53,640
Speaker 2: half that in that very example as part of the story.

886
00:42:54,040 --> 00:42:57,239
Speaker 2: It costs different amounts all over the place on any

887
00:42:57,239 --> 00:42:59,839
Speaker 2: given day, depending on where you go or when you go.

888
00:43:00,000 --> 00:43:01,960
Speaker 2: It's a bit like petrol. Also a bit like petrol.

889
00:43:01,960 --> 00:43:04,040
Speaker 2: The en price is driven not by oil but by

890
00:43:04,080 --> 00:43:08,799
Speaker 2: international pricing. We pay international prices because we make the

891
00:43:08,840 --> 00:43:11,280
Speaker 2: stuff and sell it. It's how we make a living.

892
00:43:11,600 --> 00:43:14,279
Speaker 2: We should be celebrating this if farmers weren't doing so

893
00:43:14,400 --> 00:43:18,600
Speaker 2: well we'd be truly stuffed. Costco because they're large, and

894
00:43:18,640 --> 00:43:22,279
Speaker 2: I mean huge, as in globally large. They buy more

895
00:43:22,280 --> 00:43:25,520
Speaker 2: of anything than anyone else does here locally. Because of that,

896
00:43:25,520 --> 00:43:29,400
Speaker 2: their price per unit drops. Their margins are smaller scale counts. Also,

897
00:43:29,960 --> 00:43:32,560
Speaker 2: and here's a major clue, as the Consumers people told

898
00:43:32,640 --> 00:43:36,120
Speaker 2: us yesterday, it's a lost leader for them. In other words,

899
00:43:36,120 --> 00:43:39,759
Speaker 2: they're losing money on every pack they sell. Why because

900
00:43:39,760 --> 00:43:41,560
Speaker 2: it gets you in the store to buy other stuff.

901
00:43:41,600 --> 00:43:44,719
Speaker 2: Remember also, at Costco, you've already paid a membership fee

902
00:43:44,760 --> 00:43:46,400
Speaker 2: for goodness sake to be there in the first place,

903
00:43:46,600 --> 00:43:49,319
Speaker 2: So their butter isn't really ten dollars a kilo. They're

904
00:43:49,320 --> 00:43:51,839
Speaker 2: eating the difference. As Trump would say in the Hope

905
00:43:51,880 --> 00:43:54,839
Speaker 2: You Buy Stuff in Il eight, Lots of supermarkets run

906
00:43:54,920 --> 00:43:57,319
Speaker 2: lost leaders as well all the time. They also put

907
00:43:57,400 --> 00:43:59,560
Speaker 2: chocolate biscuits at eye line to tempt you. It's very

908
00:43:59,560 --> 00:44:02,520
Speaker 2: clever business. But Costco and their butter is not a

909
00:44:02,560 --> 00:44:05,279
Speaker 2: real economic equation, and there is no magic in their

910
00:44:05,280 --> 00:44:09,400
Speaker 2: pricing the way Nikola seems to think there is. The

911
00:44:09,440 --> 00:44:12,839
Speaker 2: CBD has a bigger on every block. Mike, you said

912
00:44:12,840 --> 00:44:14,319
Speaker 2: it so well. As soon as they took all the

913
00:44:14,360 --> 00:44:16,759
Speaker 2: lanes away it was over. If this woman has a

914
00:44:16,800 --> 00:44:19,480
Speaker 2: clue mic about the reality, she'd resign. I don't think

915
00:44:19,480 --> 00:44:22,880
Speaker 2: it's her fault, too late to change it. I fear

916
00:44:23,680 --> 00:44:27,680
Speaker 2: that's the problem. Mike, you're wrong about Australian wine. Try

917
00:44:27,680 --> 00:44:30,960
Speaker 2: a drop of South Australian srasma, friend, That read leslie

918
00:44:31,160 --> 00:44:34,200
Speaker 2: South Australian serazz as a general rule is sugared up nonsense.

919
00:44:35,000 --> 00:44:36,520
Speaker 13: That might be why I like it so much.

920
00:44:36,640 --> 00:44:39,759
Speaker 2: It's sixteen percent alcohol. I mean, at the very top.

921
00:44:40,080 --> 00:44:43,000
Speaker 2: It's a very top end of Australian wine. Maybe you've

922
00:44:43,000 --> 00:44:44,840
Speaker 2: got a point, something like a Hill of Grace or

923
00:44:44,880 --> 00:44:48,440
Speaker 2: a Diana Madeline or something like that. But in general, anyway,

924
00:44:48,680 --> 00:44:50,719
Speaker 2: to the numbers themselves, do you know how much Australian

925
00:44:50,760 --> 00:44:53,799
Speaker 2: wine we as New Zealanders drink every year? On average?

926
00:44:54,160 --> 00:44:58,759
Speaker 2: Ten bottles? Ten bottles all near but we drink other

927
00:44:58,920 --> 00:45:01,439
Speaker 2: wine from Argentina and Chile in New Zealand, so that's

928
00:45:01,480 --> 00:45:05,080
Speaker 2: just ten Australian bottles. United Kingdom. On who drinks five,

929
00:45:05,920 --> 00:45:10,480
Speaker 2: the most popular is Pinfolds. In Denmark they drink fire bottles.

930
00:45:10,520 --> 00:45:12,640
Speaker 2: On everyone. The most popular as yellowtail. The people who

931
00:45:12,640 --> 00:45:15,320
Speaker 2: make yellowtails should be in jail if you've ever tasted.

932
00:45:15,400 --> 00:45:17,840
Speaker 2: In my humble opinion, even I am not going to

933
00:45:17,840 --> 00:45:20,600
Speaker 2: disagree with you that I mean yellowtail. You could run

934
00:45:20,600 --> 00:45:23,320
Speaker 2: a car on yellowtail, and yet the Danes go on.

935
00:45:23,680 --> 00:45:26,719
Speaker 2: We'll give me a little more, Rob Dart goodness say it.

936
00:45:28,840 --> 00:45:32,239
Speaker 1: Is that that the pakistanis no We paid priotic New

937
00:45:32,320 --> 00:45:33,439
Speaker 1: Zealand for goodness sake.

938
00:45:33,520 --> 00:45:37,760
Speaker 2: We make some of the best in the world meat, lamb, cheese,

939
00:45:38,160 --> 00:45:40,360
Speaker 2: wine get Amongst.

940
00:45:41,719 --> 00:45:45,680
Speaker 1: New Zealand's voice of reason is Mike the Mic asking

941
00:45:45,760 --> 00:45:50,480
Speaker 1: Breakfast with Vida, Retirement, Communities, Life your Way News, togs

942
00:45:50,520 --> 00:45:51,560
Speaker 1: Head been Barbie.

943
00:45:51,560 --> 00:45:54,360
Speaker 2: We hadn't been well. He was on the program, but

944
00:45:54,400 --> 00:45:56,600
Speaker 2: I was away, so that doesn't count. Card he was

945
00:45:56,680 --> 00:45:59,640
Speaker 2: last I last talked to him in twenty thirteen. Apply

946
00:45:59,680 --> 00:46:01,680
Speaker 2: my p of course. Anyway, they don't do many albums.

947
00:46:01,680 --> 00:46:03,440
Speaker 2: I've got a new album coming out as Off tomorrow,

948
00:46:03,440 --> 00:46:05,080
Speaker 2: so I thought we'll get Barnaby back on from something

949
00:46:05,160 --> 00:46:07,440
Speaker 2: a chat anyway, that's after right, meantime back here upside

950
00:46:07,480 --> 00:46:10,240
Speaker 2: of our economic story on budget day, if you grow something,

951
00:46:10,239 --> 00:46:12,120
Speaker 2: it seems you can do no wrong. At the moment,

952
00:46:12,160 --> 00:46:16,080
Speaker 2: primary sector has produced a billion dollar monthly trade surplus.

953
00:46:16,120 --> 00:46:18,399
Speaker 2: That's our highest ever dary the big winner up six

954
00:46:18,440 --> 00:46:21,000
Speaker 2: hundred and one million to two point two billion. Overall,

955
00:46:21,040 --> 00:46:22,960
Speaker 2: we sold seven point eight billion worth of goods. So

956
00:46:23,480 --> 00:46:25,359
Speaker 2: when you look at that nice relation, you think, man,

957
00:46:25,400 --> 00:46:28,080
Speaker 2: we must be rolling, which of course we're not. Stephen Joyce,

958
00:46:28,120 --> 00:46:31,840
Speaker 2: former finance minister, is with us. Stephen, good morning to you, morning,

959
00:46:31,880 --> 00:46:34,560
Speaker 2: Mike Cas. I'm well, thank you. Is this how economies work?

960
00:46:34,640 --> 00:46:37,440
Speaker 2: From your financial experience? In other words, at any given

961
00:46:37,480 --> 00:46:39,840
Speaker 2: point in time, somebody somewhere is doing well. Thank the

962
00:46:39,840 --> 00:46:40,520
Speaker 2: Good Lord for that.

963
00:46:42,480 --> 00:46:44,919
Speaker 4: Yeah, well, you'd hope so, wouldn't you, because after tough

964
00:46:44,960 --> 00:46:48,760
Speaker 4: three years, it feels good to see somebody doing well.

965
00:46:49,440 --> 00:46:49,600
Speaker 13: Now.

966
00:46:50,000 --> 00:46:52,319
Speaker 4: I think I think what we're seeing is probably the

967
00:46:52,360 --> 00:46:55,520
Speaker 4: beginnings of an export lead recovery in the old term,

968
00:46:55,960 --> 00:47:00,280
Speaker 4: which is, you know, you've got domestically people out spending

969
00:47:00,280 --> 00:47:03,520
Speaker 4: a lot of money, so imports aren't coming in. But

970
00:47:03,719 --> 00:47:07,040
Speaker 4: fortunately for us, the world is buying us stuff and

971
00:47:07,080 --> 00:47:09,600
Speaker 4: it's not a subsidy, just a memo for the US President,

972
00:47:10,680 --> 00:47:13,960
Speaker 4: and you know, they want to buy more key for it,

973
00:47:13,960 --> 00:47:16,439
Speaker 4: they want to buy more dairy and that's a great

974
00:47:16,560 --> 00:47:18,920
Speaker 4: point in the cycle from our perspective. Because that will

975
00:47:18,920 --> 00:47:22,759
Speaker 4: help lead the recovery over the next year and a

976
00:47:22,880 --> 00:47:23,560
Speaker 4: year or two a head.

977
00:47:23,840 --> 00:47:26,040
Speaker 2: What does it tell us if you were finance minister

978
00:47:26,120 --> 00:47:28,360
Speaker 2: looking at this when we did the zesbrig got people

979
00:47:28,400 --> 00:47:30,919
Speaker 2: before from one sixty million traes to two hundred and twenty.

980
00:47:31,000 --> 00:47:33,239
Speaker 2: It's all very well to grow the stuff, but to

981
00:47:33,440 --> 00:47:35,920
Speaker 2: sell it and sell it at a better price, somebody

982
00:47:35,960 --> 00:47:39,720
Speaker 2: somewhere is buying it. Therefore, all this talk of worried

983
00:47:39,800 --> 00:47:42,440
Speaker 2: times can't be that true. I mean, they're either spending

984
00:47:42,520 --> 00:47:42,840
Speaker 2: or they're not.

985
00:47:42,880 --> 00:47:46,120
Speaker 4: And they are well, they are spending, which is great.

986
00:47:46,560 --> 00:47:49,560
Speaker 4: But the bit that'll be making people nervous still is

987
00:47:49,600 --> 00:47:53,640
Speaker 4: the potential for rapid policy change out of the US,

988
00:47:54,680 --> 00:47:57,520
Speaker 4: and that's the bit that will be giving people pause.

989
00:47:57,640 --> 00:48:00,440
Speaker 4: So normally, normally, you know, you get to the stage

990
00:48:00,480 --> 00:48:02,640
Speaker 4: of cycle. You're a kiwi fruit farmer or you're a

991
00:48:02,680 --> 00:48:05,839
Speaker 4: dairy farmer. You're investing in your future. But there's an

992
00:48:05,840 --> 00:48:08,080
Speaker 4: element of sitting there going okay, well, this is all good,

993
00:48:08,960 --> 00:48:12,319
Speaker 4: but what happens if the Americans do something weird, which

994
00:48:12,400 --> 00:48:15,560
Speaker 4: you'd have to give reasonable odds on. So that's the

995
00:48:15,600 --> 00:48:17,920
Speaker 4: bit that's making people cautious. And I think the finance

996
00:48:18,000 --> 00:48:21,919
Speaker 4: masters acknowledging that if it hadn't been for that sort

997
00:48:21,960 --> 00:48:25,800
Speaker 4: of level of uncertainty out of the US, then probably

998
00:48:25,840 --> 00:48:28,239
Speaker 4: our recovery would be a lot further along by now.

999
00:48:28,320 --> 00:48:31,520
Speaker 4: But people who have to make investment decisions, from farmers

1000
00:48:31,560 --> 00:48:35,120
Speaker 4: to businesses to developers, they're all sitting there going, well,

1001
00:48:35,719 --> 00:48:39,600
Speaker 4: I'll get ready, but I'm not quite certain that that

1002
00:48:39,640 --> 00:48:43,279
Speaker 4: we're in a period of steady growth that's going to

1003
00:48:43,280 --> 00:48:44,080
Speaker 4: give us the confidence.

1004
00:48:44,560 --> 00:48:47,479
Speaker 2: Slightly out of left field, but the ECB overnight said

1005
00:48:47,520 --> 00:48:49,879
Speaker 2: they reckon. There's a fundamental shift going on in terms

1006
00:48:49,920 --> 00:48:52,359
Speaker 2: of equities and bonds. In other words, people are looking

1007
00:48:52,400 --> 00:48:54,520
Speaker 2: at America now and go, I've got better things to

1008
00:48:54,520 --> 00:48:57,120
Speaker 2: do in better places to be, like Japan, maybe even Europe.

1009
00:48:57,120 --> 00:48:58,759
Speaker 2: Do you think it's that profound or not?

1010
00:48:58,840 --> 00:49:04,480
Speaker 4: Really something very significant going on. The bond market is

1011
00:49:05,560 --> 00:49:08,200
Speaker 4: unhappy with a lot of what's coming out of the US,

1012
00:49:09,239 --> 00:49:11,719
Speaker 4: and we're about to head into a tussle, you know,

1013
00:49:11,880 --> 00:49:14,000
Speaker 4: talk about our budget or the other big budget that's

1014
00:49:14,040 --> 00:49:17,680
Speaker 4: going on in the world, much bigger than ours is

1015
00:49:17,760 --> 00:49:22,239
Speaker 4: the US budget, and you know, they are sort of

1016
00:49:22,400 --> 00:49:24,640
Speaker 4: playing chicken with the bond market at the moment. By

1017
00:49:24,640 --> 00:49:27,279
Speaker 4: saying that they're going to increase the size of what

1018
00:49:27,400 --> 00:49:30,160
Speaker 4: is an already large deficit one hundred percent of GDP

1019
00:49:30,280 --> 00:49:32,080
Speaker 4: in the US, costing them a lot to service it.

1020
00:49:32,640 --> 00:49:35,120
Speaker 4: And they are and you know, they're threatening to pass

1021
00:49:35,120 --> 00:49:38,880
Speaker 4: a budget that would be expansionary and increase debt, and

1022
00:49:38,920 --> 00:49:42,640
Speaker 4: the bond market's going I don't think so. And you

1023
00:49:42,719 --> 00:49:45,879
Speaker 4: still movies come down on Friday. So that's the bit

1024
00:49:46,000 --> 00:49:50,880
Speaker 4: I think is where it's probable that the Trump is

1025
00:49:50,920 --> 00:49:52,920
Speaker 4: going to come up against another moment where he has

1026
00:49:52,960 --> 00:49:56,000
Speaker 4: to back track. But if he doesn't backtrack, then definitely

1027
00:49:56,760 --> 00:50:00,480
Speaker 4: we're going to see continued moves away from US dollar

1028
00:50:00,520 --> 00:50:03,200
Speaker 4: assets into other assets. The trouble for the world is,

1029
00:50:03,280 --> 00:50:05,640
Speaker 4: you know, that's a big shift and there's not as

1030
00:50:05,680 --> 00:50:08,080
Speaker 4: many other places to go as you'd like, but you

1031
00:50:08,120 --> 00:50:10,000
Speaker 4: know that people will move, Yes, they.

1032
00:50:09,880 --> 00:50:14,640
Speaker 2: Will back home. Is she so constrained today that it's

1033
00:50:15,000 --> 00:50:17,640
Speaker 2: a little here and a little there, or could she

1034
00:50:17,760 --> 00:50:18,800
Speaker 2: do something profound?

1035
00:50:20,400 --> 00:50:22,359
Speaker 4: It's very difficult to do something profound when you don't

1036
00:50:22,400 --> 00:50:25,880
Speaker 4: have any dough and I think that's going to make

1037
00:50:25,920 --> 00:50:31,000
Speaker 4: it constraining. I suspect what we'll see is significant savings

1038
00:50:31,160 --> 00:50:34,160
Speaker 4: and that'll make some people grumpy, as we've already seen.

1039
00:50:34,880 --> 00:50:39,759
Speaker 4: But actually I think overall the country will be going well, yeah,

1040
00:50:39,760 --> 00:50:42,720
Speaker 4: we had to do something, so even if you don't

1041
00:50:42,800 --> 00:50:46,160
Speaker 4: like it, you accept it. I think there will be

1042
00:50:46,239 --> 00:50:48,440
Speaker 4: further spending, there will be further borroing. I know that

1043
00:50:48,480 --> 00:50:51,279
Speaker 4: you're keen on no further borring, but I think it's

1044
00:50:51,280 --> 00:50:53,600
Speaker 4: about bending the curve down and they need to show

1045
00:50:53,640 --> 00:50:56,160
Speaker 4: that they can bend the curve down. But within that

1046
00:50:56,160 --> 00:50:57,719
Speaker 4: there's not going to be a huge amount of room.

1047
00:50:57,800 --> 00:51:01,040
Speaker 4: I think what could be the thing that you know,

1048
00:51:01,400 --> 00:51:03,680
Speaker 4: and it has been starting to be flagged around the place,

1049
00:51:03,800 --> 00:51:07,920
Speaker 4: is something to give a business confidence. Business is confidence,

1050
00:51:07,960 --> 00:51:12,000
Speaker 4: particularly small businesses, and now people are talking about tax

1051
00:51:12,000 --> 00:51:14,240
Speaker 4: breaks and things, and maybe there will be something there

1052
00:51:14,560 --> 00:51:17,120
Speaker 4: because you do need something to kick start that New

1053
00:51:17,200 --> 00:51:20,560
Speaker 4: Zealand small business is still straggling, yes, and there are

1054
00:51:20,560 --> 00:51:22,719
Speaker 4: a lot of businesses are sort of waiting for the

1055
00:51:22,800 --> 00:51:26,360
Speaker 4: upturn and some hanging on by the sort of tips

1056
00:51:26,360 --> 00:51:29,319
Speaker 4: of their fingernails. So I think they'll be looking for

1057
00:51:29,400 --> 00:51:32,480
Speaker 4: something there just to show that the government understands and

1058
00:51:33,600 --> 00:51:36,080
Speaker 4: is going to encourage them to invest, because business investment

1059
00:51:36,080 --> 00:51:38,399
Speaker 4: in this country has been low in the last couple

1060
00:51:38,440 --> 00:51:42,000
Speaker 4: of years, and you can't increase productivity, you can't increase

1061
00:51:42,000 --> 00:51:43,120
Speaker 4: growth if you're not investing.

1062
00:51:43,360 --> 00:51:47,000
Speaker 2: What level of importance would you place a figure that goes,

1063
00:51:47,080 --> 00:51:50,880
Speaker 2: we will return to an annual surplus by X, and

1064
00:51:50,920 --> 00:51:52,960
Speaker 2: the X is not twenty thirty something.

1065
00:51:54,400 --> 00:51:56,239
Speaker 4: Well, you've got to get Yeah, you've got to show

1066
00:51:56,239 --> 00:51:59,120
Speaker 4: a part down and path back the surface. And then

1067
00:51:59,200 --> 00:52:02,600
Speaker 4: people will debate whether whether it's soon enough or not.

1068
00:52:02,760 --> 00:52:04,759
Speaker 4: And there'll be the hawks that's it should happened much

1069
00:52:04,800 --> 00:52:07,879
Speaker 4: faster and so on, and there'll be the doves that say, oh,

1070
00:52:07,960 --> 00:52:10,000
Speaker 4: you know, you should be borrowing and getting us through this.

1071
00:52:10,080 --> 00:52:12,040
Speaker 4: But they are the same people that said that through

1072
00:52:12,040 --> 00:52:14,480
Speaker 4: all the way through COVID and look where that got us.

1073
00:52:15,200 --> 00:52:18,120
Speaker 4: But I think I think people will want it. You know,

1074
00:52:18,440 --> 00:52:20,880
Speaker 4: the banks and the markets will want to see a

1075
00:52:21,239 --> 00:52:24,560
Speaker 4: trend down in the latter stages of the four years.

1076
00:52:24,560 --> 00:52:27,359
Speaker 4: They want to see an improving situation on the four

1077
00:52:27,440 --> 00:52:28,160
Speaker 4: year projections.

1078
00:52:28,400 --> 00:52:32,160
Speaker 2: Okay, the politics you alluded to going into election year

1079
00:52:32,200 --> 00:52:37,160
Speaker 2: next year, how much political capital can they burn to

1080
00:52:37,239 --> 00:52:40,399
Speaker 2: go in and say it's still hard, it's still difficult. Yes,

1081
00:52:40,480 --> 00:52:42,840
Speaker 2: we still get it. The better times are ahead. But

1082
00:52:42,920 --> 00:52:44,960
Speaker 2: we've said this for three years, give us another three

1083
00:52:45,000 --> 00:52:47,919
Speaker 2: In other words, is there enough or are there enough

1084
00:52:47,920 --> 00:52:49,640
Speaker 2: New Zealanders who get it?

1085
00:52:51,280 --> 00:52:53,000
Speaker 4: I think there's thin there's a lot of people that

1086
00:52:53,080 --> 00:52:56,360
Speaker 4: get it. I think obviously in a political sense, the

1087
00:52:56,400 --> 00:52:59,120
Speaker 4: economy is really starting to grow and there's there's lots

1088
00:52:59,120 --> 00:53:01,319
Speaker 4: of data points and are feeling better. That would that

1089
00:53:01,320 --> 00:53:03,920
Speaker 4: would make the next election easier for the government. What

1090
00:53:04,040 --> 00:53:06,720
Speaker 4: we don't know though, is whether the whether things will

1091
00:53:07,040 --> 00:53:10,160
Speaker 4: conspire in that way. I think there was it was

1092
00:53:10,320 --> 00:53:13,080
Speaker 4: highly likely that was going to occur with the work

1093
00:53:13,080 --> 00:53:16,799
Speaker 4: they were doing before the new Trump presidency started and

1094
00:53:16,840 --> 00:53:19,000
Speaker 4: we had Liberation Day and all that sort of stuff.

1095
00:53:19,719 --> 00:53:21,960
Speaker 4: Now I think that will receive in importance, it will

1096
00:53:22,000 --> 00:53:25,399
Speaker 4: just become a lot of noise because what's the way

1097
00:53:25,440 --> 00:53:30,839
Speaker 4: they're describing them Taco Trump Trump always chickens out as

1098
00:53:30,880 --> 00:53:33,040
Speaker 4: the way they're talking about them in the financial markets.

1099
00:53:33,960 --> 00:53:37,239
Speaker 4: So maybe by then or maybe you know, later this year,

1100
00:53:37,320 --> 00:53:39,400
Speaker 4: people will sort of be parking all of that and

1101
00:53:39,560 --> 00:53:42,600
Speaker 4: getting on with life, which would then increase the political

1102
00:53:42,719 --> 00:53:45,000
Speaker 4: chances for the government. But always at the end of

1103
00:53:45,040 --> 00:53:47,719
Speaker 4: the first three years you were saying it's a work

1104
00:53:47,719 --> 00:53:49,680
Speaker 4: in progress, Because it is, it has to be after

1105
00:53:49,719 --> 00:53:52,799
Speaker 4: a big probably a series of problems like we've got

1106
00:53:52,880 --> 00:53:56,000
Speaker 4: now or we had when this government came in. You know,

1107
00:53:56,040 --> 00:53:58,160
Speaker 4: the idea that you'll fix them within three years is

1108
00:53:59,239 --> 00:54:02,560
Speaker 4: a bit fanciful. But if you can say we've made

1109
00:54:02,560 --> 00:54:05,600
Speaker 4: some progress and here is the progress, then you've probably

1110
00:54:05,640 --> 00:54:07,160
Speaker 4: back yourselves to be re elected.

1111
00:54:07,480 --> 00:54:09,480
Speaker 2: Good stuff. Always good to talk to you. Stephen Joyce,

1112
00:54:09,520 --> 00:54:13,040
Speaker 2: former Finance Minister. Of Course. Coverage on z B at

1113
00:54:13,040 --> 00:54:14,879
Speaker 2: two o'clock this afternoon, seven forty five.

1114
00:54:16,239 --> 00:54:20,760
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio, powered

1115
00:54:20,760 --> 00:54:21,719
Speaker 1: by News Talks B.

1116
00:54:22,920 --> 00:54:25,120
Speaker 2: I'm twelve away from Ademon and Mike listening to you

1117
00:54:25,160 --> 00:54:27,959
Speaker 2: in Italy right now. Whilst we've enjoyed wide ranging tour

1118
00:54:28,000 --> 00:54:31,280
Speaker 2: of Italy, we've been surprisingly disappointed by so many rundown areas.

1119
00:54:31,320 --> 00:54:35,000
Speaker 2: Something that's missing. Perhaps prior tourism hangs on repolishing old history. Michael,

1120
00:54:35,160 --> 00:54:38,400
Speaker 2: very good point. That's just referring back to Stanley Tucci

1121
00:54:38,440 --> 00:54:40,680
Speaker 2: when we're talking to Rome, talking to Joe and Rome

1122
00:54:40,719 --> 00:54:43,440
Speaker 2: earlier on Mike. You're always going on about free trade markets.

1123
00:54:43,680 --> 00:54:46,080
Speaker 2: So Qui's buying Australian wine shows your free markets working.

1124
00:54:46,120 --> 00:54:48,080
Speaker 2: Terry's very good points for your point. I'm not arguing

1125
00:54:48,080 --> 00:54:49,960
Speaker 2: against free markets. I mean the ability of a free

1126
00:54:49,960 --> 00:54:52,319
Speaker 2: market to get Australian wine into our market should be

1127
00:54:53,239 --> 00:54:55,239
Speaker 2: you know, it shouldn't jacked up. You shouldn't jerry mander.

1128
00:54:55,239 --> 00:54:57,040
Speaker 2: It shouldn't add to the price, same for US as

1129
00:54:57,160 --> 00:54:59,920
Speaker 2: access to Australia. But why are you talking about quality price?

1130
00:55:00,600 --> 00:55:05,520
Speaker 2: I like quality. I'd rather drink less and pay more. Personally, Mike,

1131
00:55:05,840 --> 00:55:07,919
Speaker 2: how would you know about the quality of wines these days?

1132
00:55:07,920 --> 00:55:10,600
Speaker 2: And you don't drink, which is impacting our fine wine industry.

1133
00:55:10,680 --> 00:55:14,960
Speaker 2: Shame on you drink up. Yeah, shouldn't say stuff like

1134
00:55:15,000 --> 00:55:18,040
Speaker 2: that to people like me. Triggers me. By the way,

1135
00:55:18,960 --> 00:55:22,200
Speaker 2: the Financial Market Authority what a fantastic place to work.

1136
00:55:23,080 --> 00:55:27,800
Speaker 2: I wish I worked there. They are introducing a daily

1137
00:55:27,840 --> 00:55:31,960
Speaker 2: survey for all their people. It's the Weekly Activity Survey,

1138
00:55:32,880 --> 00:55:37,719
Speaker 2: the Weekly Work Tracking Survey. It's running between twelfth and

1139
00:55:37,719 --> 00:55:39,600
Speaker 2: May and sixth of June, so it's on right now.

1140
00:55:40,600 --> 00:55:42,440
Speaker 2: I hope if you're listening from the FMA, I'm not

1141
00:55:42,480 --> 00:55:44,560
Speaker 2: interrupting you filling out your survey at the present point

1142
00:55:44,600 --> 00:55:47,000
Speaker 2: in time. The survey is compulsory, of course, it is.

1143
00:55:47,440 --> 00:55:57,160
Speaker 2: It's compulsory twenty one questions every day, every single day,

1144
00:55:57,800 --> 00:56:00,919
Speaker 2: you got to answer twenty one questions worth Ah, there's more,

1145
00:56:01,880 --> 00:56:05,319
Speaker 2: an extra three questions at the end of the week. Yeah,

1146
00:56:05,400 --> 00:56:09,000
Speaker 2: got your daily worklog, asks about ours, work tasks completed,

1147
00:56:09,200 --> 00:56:12,120
Speaker 2: how long each task took, names and durations of internal

1148
00:56:12,160 --> 00:56:15,200
Speaker 2: and external meetings. You asked how many days you had off,

1149
00:56:15,440 --> 00:56:17,279
Speaker 2: how many were worked in the office, whether they had

1150
00:56:17,320 --> 00:56:20,480
Speaker 2: as signed off deviation to the three to two work

1151
00:56:20,520 --> 00:56:23,479
Speaker 2: from home requirement in of each week. Also asked about

1152
00:56:23,480 --> 00:56:26,839
Speaker 2: how management or manageable your workload was, and whether any

1153
00:56:26,880 --> 00:56:29,480
Speaker 2: tasks could have been completed more efficiently. How many people

1154
00:56:29,480 --> 00:56:31,879
Speaker 2: answering that question would go, I could complete my task

1155
00:56:31,920 --> 00:56:34,160
Speaker 2: more efficiently if you weren't asking me every bloody day

1156
00:56:34,360 --> 00:56:35,720
Speaker 2: to fill in a stupid survey.

1157
00:56:35,880 --> 00:56:38,200
Speaker 13: Yeah. I mean that's a heap to your productivity, right there,

1158
00:56:38,239 --> 00:56:38,560
Speaker 13: isn't it?

1159
00:56:38,680 --> 00:56:44,160
Speaker 2: Honestly? Financial Markets Authority twenty one questions every single day

1160
00:56:44,160 --> 00:56:48,000
Speaker 2: for weeks on shoot me now ten away from.

1161
00:56:47,800 --> 00:56:52,520
Speaker 1: Eight the Mike asking breakfast with a Vita retirement, Communities

1162
00:56:52,640 --> 00:56:53,440
Speaker 1: news talks had.

1163
00:56:53,680 --> 00:56:56,279
Speaker 2: Given away from die straight of our infrastructure is being

1164
00:56:56,320 --> 00:56:58,160
Speaker 2: laid bare just north of Auckland at the moment. Bunch

1165
00:56:58,200 --> 00:57:00,439
Speaker 2: of oyster farms you probably read, have been closed because

1166
00:57:00,440 --> 00:57:03,120
Speaker 2: of neuro virus raw sewage, which was once only found

1167
00:57:03,120 --> 00:57:04,600
Speaker 2: in the harbor when the weather had you know, like

1168
00:57:04,760 --> 00:57:07,919
Speaker 2: really been shocking. Now basically it happens every time it rains,

1169
00:57:07,920 --> 00:57:09,600
Speaker 2: and the council in the water Care know about it

1170
00:57:09,680 --> 00:57:12,240
Speaker 2: just doesn't stop picking. You know, it hasn't done anything

1171
00:57:12,239 --> 00:57:14,440
Speaker 2: to stop people going out of business now. Tom Walters

1172
00:57:14,560 --> 00:57:17,280
Speaker 2: is the owner of Madican Roysters and as with us, Tom,

1173
00:57:17,320 --> 00:57:19,280
Speaker 2: morning to you, Good morning Mike.

1174
00:57:19,680 --> 00:57:20,640
Speaker 4: Having me on not at all.

1175
00:57:20,680 --> 00:57:22,920
Speaker 2: So you're basically just a small sample of a wide

1176
00:57:22,960 --> 00:57:24,760
Speaker 2: and neglect and a lack of planning and all the

1177
00:57:24,760 --> 00:57:26,600
Speaker 2: other stuff that's gone wrong with this country.

1178
00:57:27,640 --> 00:57:30,320
Speaker 19: Pretty much. The only little bit of an anomaly here is

1179
00:57:30,360 --> 00:57:32,920
Speaker 19: that we produce food and the waterways that this is

1180
00:57:32,960 --> 00:57:33,520
Speaker 19: happening too.

1181
00:57:34,200 --> 00:57:37,200
Speaker 2: Well, will you be back? Do you think is there's

1182
00:57:37,200 --> 00:57:40,120
Speaker 2: something happening when water care going. We're very sorry and

1183
00:57:40,200 --> 00:57:42,520
Speaker 2: something will happen by twenty twenty eight. Will you be

1184
00:57:42,560 --> 00:57:43,920
Speaker 2: around in twenty twenty.

1185
00:57:43,640 --> 00:57:48,160
Speaker 19: Eight at this current stage, probably not. There could be

1186
00:57:48,200 --> 00:57:51,040
Speaker 19: some temporary measures that we've been begging them to put

1187
00:57:51,080 --> 00:57:55,120
Speaker 19: in place for the last three years. That could come

1188
00:57:55,920 --> 00:57:58,720
Speaker 19: in the a few months time, maybe four or five

1189
00:57:58,760 --> 00:58:01,080
Speaker 19: months time, but it's a bit little too late for us,

1190
00:58:01,120 --> 00:58:04,959
Speaker 19: and even then that might just be slapping band aid

1191
00:58:05,120 --> 00:58:07,280
Speaker 19: in the situation that might not be able to really

1192
00:58:07,320 --> 00:58:10,640
Speaker 19: mitigate the effects because the volumes have got so out

1193
00:58:10,640 --> 00:58:13,560
Speaker 19: of control in the last couple of years, especially this year.

1194
00:58:14,200 --> 00:58:16,120
Speaker 2: When they say they're sorry for you, do you think

1195
00:58:16,160 --> 00:58:17,080
Speaker 2: they really care or not?

1196
00:58:17,920 --> 00:58:20,560
Speaker 19: No, not at all. The word sympathy is used. It's

1197
00:58:20,640 --> 00:58:26,000
Speaker 19: never been sorry. There's no accountability. There's no compensation for

1198
00:58:26,080 --> 00:58:29,520
Speaker 19: the fact that the growth of the area and development

1199
00:58:29,600 --> 00:58:32,240
Speaker 19: that water Care and the council have profited from have

1200
00:58:32,400 --> 00:58:36,720
Speaker 19: turned our well, have costed our farms, our livelihoods and

1201
00:58:36,800 --> 00:58:41,960
Speaker 19: the environment from that. You know, there's no accountability whatsoever.

1202
00:58:42,280 --> 00:58:44,800
Speaker 19: The stories don't matter. We can't pay our bills, we

1203
00:58:44,880 --> 00:58:49,000
Speaker 19: can't feed our kids, and we're looking at the end

1204
00:58:49,000 --> 00:58:49,760
Speaker 19: of the line here.

1205
00:58:50,000 --> 00:58:51,959
Speaker 2: It's a funny thing as I read your social media

1206
00:58:51,960 --> 00:58:53,760
Speaker 2: stup over the weekend, because I'm sort of local up

1207
00:58:53,800 --> 00:58:56,840
Speaker 2: in that area, and you were talking about accountability or

1208
00:58:56,880 --> 00:58:59,440
Speaker 2: lack of it. I mean, in America, there'd be some

1209
00:58:59,440 --> 00:59:01,480
Speaker 2: sort of class action, wouldn't they. I mean, these people

1210
00:59:01,520 --> 00:59:04,440
Speaker 2: are responsible for what they do. They haven't done it.

1211
00:59:04,520 --> 00:59:08,800
Speaker 2: You're suffering because of it, and really someone should pay absolutely.

1212
00:59:08,880 --> 00:59:11,160
Speaker 19: I mean the way that they can get away with

1213
00:59:11,240 --> 00:59:16,160
Speaker 19: it was very careful manipulations of discharge consents. The class

1214
00:59:16,480 --> 00:59:21,080
Speaker 19: A river that people swim, fish, kayak Catibald playing as

1215
00:59:21,560 --> 00:59:25,840
Speaker 19: low recreational use and very low public health risk. It's

1216
00:59:26,160 --> 00:59:29,480
Speaker 19: very very criminal in my opinion, and in all honesty,

1217
00:59:30,000 --> 00:59:35,960
Speaker 19: you've got ye, you've just got such a terrible, terrible

1218
00:59:36,080 --> 00:59:39,480
Speaker 19: situation where people haven't been told. The public haven't been

1219
00:59:39,480 --> 00:59:41,840
Speaker 19: told until this week a few signs went out on

1220
00:59:41,880 --> 00:59:45,760
Speaker 19: the wharf that there is such a healthhadd that's incredibly dangerous.

1221
00:59:45,800 --> 00:59:48,320
Speaker 19: Nora virus is what we find when we do our testing.

1222
00:59:48,760 --> 00:59:50,880
Speaker 19: It's an incredibly dangerous pathogen.

1223
00:59:51,200 --> 00:59:53,000
Speaker 2: Yeah, all I can do is wish you well. Tom.

1224
00:59:53,400 --> 00:59:55,560
Speaker 2: I feel for you, Tom Balters. He's one of many

1225
00:59:55,560 --> 00:59:57,960
Speaker 2: oyster farmers in that particular. It's just north of Auckland.

1226
00:59:58,720 --> 01:00:01,480
Speaker 2: The upside is the areas Boom area. People are moving

1227
01:00:01,480 --> 01:00:05,280
Speaker 2: there for very obvious reasons. Uh, the infrastructure hasn't kept

1228
01:00:05,360 --> 01:00:09,120
Speaker 2: up and the whole thing so cluster. Now Barnabie Weir

1229
01:00:10,440 --> 01:00:11,960
Speaker 2: is going to be with us from New Plymouth. Is

1230
01:00:12,000 --> 01:00:13,640
Speaker 2: that right? You were supposed to be here, but he

1231
01:00:14,000 --> 01:00:15,800
Speaker 2: said no, I'm going to New Plymouth. So that's where

1232
01:00:15,800 --> 01:00:17,280
Speaker 2: he is. But it doesn't really matter because he'll be

1233
01:00:17,320 --> 01:00:18,760
Speaker 2: on the program in just a couple of months for

1234
01:00:18,920 --> 01:00:19,640
Speaker 2: Song and Chatter.

1235
01:00:21,480 --> 01:00:27,520
Speaker 1: Mike hoskame insightful, engaging and vital. The Mic Hosking Breakfast

1236
01:00:27,680 --> 01:00:31,160
Speaker 1: with the range Rover. The law designed to intrigue can

1237
01:00:31,320 --> 01:00:33,640
Speaker 1: use togs head by.

1238
01:00:35,200 --> 01:00:37,320
Speaker 2: Don't you know that is rolling in?

1239
01:00:38,680 --> 01:00:48,000
Speaker 12: You better bat down Peties before when you as go,

1240
01:00:50,200 --> 01:00:52,320
Speaker 12: you gotta get south together.

1241
01:00:53,280 --> 01:00:56,720
Speaker 2: You've before going a seven past eight. One of the

1242
01:00:56,720 --> 01:01:00,000
Speaker 2: New Zealand's most influential groups back after five years plus.

1243
01:01:00,040 --> 01:01:02,200
Speaker 2: I'm Pretties, formed in two thousand and four, Can You

1244
01:01:02,360 --> 01:01:04,600
Speaker 2: Leave It? Brought musicians together from a lot of well

1245
01:01:04,680 --> 01:01:07,920
Speaker 2: known Kubi bands to record live albums tomorrow. Their seventh album,

1246
01:01:08,160 --> 01:01:11,440
Speaker 2: Elemental drops. While the group is a host of people involved,

1247
01:01:11,440 --> 01:01:14,600
Speaker 2: the co founder leader musical director Barnaby Weir, front man

1248
01:01:14,640 --> 01:01:17,080
Speaker 2: for the Black SuDS, of course, has been involved since

1249
01:01:17,160 --> 01:01:19,600
Speaker 2: the very start and he's well as Barnaby morning.

1250
01:01:20,360 --> 01:01:22,520
Speaker 20: Yeah, good morning, Mike, Good morning New Zealand.

1251
01:01:22,720 --> 01:01:25,720
Speaker 2: Now, last time we talked was twenty thirteen, So that

1252
01:01:25,920 --> 01:01:30,960
Speaker 2: was twelve years ago. Yeah, you're a man, You're a

1253
01:01:31,000 --> 01:01:32,720
Speaker 2: man on the rise. What happened.

1254
01:01:33,920 --> 01:01:36,120
Speaker 20: Well, twenty thirteen, I think the Black Seeds were getting

1255
01:01:36,120 --> 01:01:38,880
Speaker 20: pretty busy. We're about to do a lot more overseas

1256
01:01:38,960 --> 01:01:41,440
Speaker 20: during at that time, and Fly My Pritties would have

1257
01:01:41,480 --> 01:01:44,360
Speaker 20: done had done a story our third album and twenty

1258
01:01:44,480 --> 01:01:47,280
Speaker 20: ten and we're probably working on the next one then here.

1259
01:01:47,320 --> 01:01:48,520
Speaker 20: But it seems like an age ago.

1260
01:01:48,800 --> 01:01:52,520
Speaker 2: Wow, fly My Pretty is what you thought they would.

1261
01:01:52,360 --> 01:01:55,920
Speaker 20: Be, Fly My Prittece as it was just been growing

1262
01:01:55,920 --> 01:01:58,640
Speaker 20: and bubbling away and swimmering away in its its own

1263
01:01:58,760 --> 01:02:01,040
Speaker 20: way at the start out of the projects in two

1264
01:02:01,040 --> 01:02:04,200
Speaker 20: thousand and four. You know, the idea is still there,

1265
01:02:04,240 --> 01:02:07,000
Speaker 20: that the main concept is still still operating in that way,

1266
01:02:07,040 --> 01:02:10,560
Speaker 20: a collaboration of unlikely people together with different stories to

1267
01:02:10,600 --> 01:02:13,360
Speaker 20: tell through music. So yeah, I mean, it's it's growing,

1268
01:02:14,040 --> 01:02:16,200
Speaker 20: it's different to how I would have imagined it. It's

1269
01:02:16,480 --> 01:02:17,920
Speaker 20: had longevity, which has been great.

1270
01:02:18,040 --> 01:02:20,240
Speaker 2: Exactly will it go forever? Potentially?

1271
01:02:21,520 --> 01:02:23,640
Speaker 20: I hope that there's still a lot of you know,

1272
01:02:23,680 --> 01:02:27,040
Speaker 20: more legs in it. This new album is really strong

1273
01:02:27,120 --> 01:02:29,800
Speaker 20: and and you know, in the future I might might

1274
01:02:29,840 --> 01:02:31,760
Speaker 20: not be on the stage. It might be just more

1275
01:02:31,760 --> 01:02:34,760
Speaker 20: of a mental kind of character involved with it. But

1276
01:02:35,120 --> 01:02:36,400
Speaker 20: the concept can just you know.

1277
01:02:36,360 --> 01:02:38,600
Speaker 2: Continue ill come to the detail because it was done,

1278
01:02:38,720 --> 01:02:40,960
Speaker 2: but sort of you can explain massive university and the

1279
01:02:40,960 --> 01:02:43,120
Speaker 2: facilities there and some of the students that were helping

1280
01:02:43,160 --> 01:02:44,800
Speaker 2: you out and all of that sort of stuff. But

1281
01:02:44,800 --> 01:02:48,720
Speaker 2: but but what I'm fascinated most about is as a group,

1282
01:02:49,600 --> 01:02:51,640
Speaker 2: you get a sound, you get a vibe, there's a

1283
01:02:51,800 --> 01:02:54,320
Speaker 2: there's a sense of whatever it is you know that

1284
01:02:54,360 --> 01:02:56,720
Speaker 2: you're about. But what you've done with Fly my provice

1285
01:02:56,760 --> 01:03:00,880
Speaker 2: it changes every time? Is that creatively complex or difficult?

1286
01:03:02,040 --> 01:03:02,320
Speaker 7: Yeah?

1287
01:03:02,680 --> 01:03:05,320
Speaker 20: So you know, the core band create that kind of

1288
01:03:05,680 --> 01:03:09,360
Speaker 20: consistency in the music, and so some of those people

1289
01:03:09,520 --> 01:03:12,720
Speaker 20: are like Joony Murphy on drums or either Fucking More

1290
01:03:12,840 --> 01:03:15,360
Speaker 20: on drums, or Nigel Pedison from the Black Seeds on keys,

1291
01:03:16,080 --> 01:03:18,480
Speaker 20: or write people on guitar. Those people keep that core

1292
01:03:18,520 --> 01:03:21,040
Speaker 20: consistency of the sounds. And then you know, the guest

1293
01:03:21,080 --> 01:03:24,280
Speaker 20: singer or songwriter comes in and in matches with that.

1294
01:03:24,480 --> 01:03:25,800
Speaker 20: We you know, we put them on top of that

1295
01:03:25,960 --> 01:03:29,120
Speaker 20: and it can be it's kind of simple and complicated,

1296
01:03:29,200 --> 01:03:30,800
Speaker 20: like you've got to get it right but you let

1297
01:03:30,840 --> 01:03:34,240
Speaker 20: the lead singer songwriter be themselves, you know, and tell

1298
01:03:34,280 --> 01:03:37,400
Speaker 20: their story using that plummer pretty's core sound.

1299
01:03:38,080 --> 01:03:40,320
Speaker 2: How do you deal with egos? Have there been egos

1300
01:03:40,360 --> 01:03:42,560
Speaker 2: over the years or not?

1301
01:03:42,560 --> 01:03:46,600
Speaker 20: Not? Not really, not really too many egos? You know,

1302
01:03:47,000 --> 01:03:49,800
Speaker 20: people can you know? Because this everyone's a special guest

1303
01:03:51,040 --> 01:03:54,720
Speaker 20: and so everyone's on the same wicket as we're.

1304
01:03:56,040 --> 01:03:58,720
Speaker 2: Not not too Do you invite them? Do you invite

1305
01:03:58,760 --> 01:04:01,960
Speaker 2: them as a fan of what they're doing, or do

1306
01:04:02,040 --> 01:04:05,480
Speaker 2: you invite them as a truly creative expression that you

1307
01:04:05,600 --> 01:04:07,800
Speaker 2: might go, yeah, it's not really my cup of tea,

1308
01:04:07,840 --> 01:04:09,560
Speaker 2: but let's bring them along and see what they do.

1309
01:04:10,680 --> 01:04:13,440
Speaker 20: Yeah, sometimes a bit of both. Often often it's because

1310
01:04:13,440 --> 01:04:15,680
Speaker 20: you've just discovered them and we're looking for new people

1311
01:04:15,720 --> 01:04:19,120
Speaker 20: that are outside of what I already know, and so

1312
01:04:19,200 --> 01:04:22,520
Speaker 20: we're selecting based on the you know, their songwriting skills.

1313
01:04:22,760 --> 01:04:24,600
Speaker 20: And sometimes you're like, hey, well that that tone that

1314
01:04:24,640 --> 01:04:26,880
Speaker 20: they recorded wasn't how i'd do it, So let's do

1315
01:04:26,920 --> 01:04:28,480
Speaker 20: it the way I'd like to do it, but using

1316
01:04:28,480 --> 01:04:30,320
Speaker 20: that beautiful talent in storytelling.

1317
01:04:30,560 --> 01:04:32,560
Speaker 2: And so from those twenty one years, we're talking about

1318
01:04:32,600 --> 01:04:35,280
Speaker 2: this is your seventh album, so it's won every three years.

1319
01:04:36,120 --> 01:04:38,760
Speaker 2: How does it? Who calls who? And when you go,

1320
01:04:38,840 --> 01:04:41,560
Speaker 2: oh it's been three years ish or I feel the vibe?

1321
01:04:42,000 --> 01:04:42,920
Speaker 2: How does that unfold?

1322
01:04:42,960 --> 01:04:45,920
Speaker 20: Yeah? Yeah, this particular one took a little bit longer.

1323
01:04:46,000 --> 01:04:48,120
Speaker 20: You know, you had you had the COVID thing debacle

1324
01:04:48,160 --> 01:04:50,440
Speaker 20: and all those kind of things hitting always heads of

1325
01:04:50,520 --> 01:04:52,720
Speaker 20: my own children were born, and it was a bit

1326
01:04:52,760 --> 01:04:56,760
Speaker 20: slower on this one. Luke and Mike Yetl co producer

1327
01:04:56,800 --> 01:05:00,720
Speaker 20: and founder of Luke Recordings, I work with closely in

1328
01:05:00,760 --> 01:05:03,680
Speaker 20: their team, so they're always planning in the background. You know,

1329
01:05:03,760 --> 01:05:06,000
Speaker 20: when's a good time to do it, and then you

1330
01:05:06,080 --> 01:05:08,600
Speaker 20: have to have the people and you have to be available,

1331
01:05:08,680 --> 01:05:10,480
Speaker 20: have them available, and you have to get some ideas.

1332
01:05:10,520 --> 01:05:12,240
Speaker 20: So all those things do have to come together for

1333
01:05:12,280 --> 01:05:12,720
Speaker 20: it to work.

1334
01:05:12,760 --> 01:05:12,960
Speaker 1: There.

1335
01:05:13,200 --> 01:05:16,520
Speaker 2: Okay, tell me about Massy. So I wasn't cognizant of

1336
01:05:16,520 --> 01:05:19,600
Speaker 2: Massy having such a facility and why you use it,

1337
01:05:19,680 --> 01:05:22,160
Speaker 2: how you used what it provided and all the students

1338
01:05:22,200 --> 01:05:23,800
Speaker 2: have helped out because this is brilliant.

1339
01:05:24,840 --> 01:05:27,280
Speaker 20: It is brilliant and in a great kind of extension

1340
01:05:27,280 --> 01:05:30,240
Speaker 20: of the collaboration process for Flyma pretty so Massy Music

1341
01:05:30,840 --> 01:05:33,920
Speaker 20: School there is a state of the art, world class

1342
01:05:33,920 --> 01:05:39,160
Speaker 20: facility with you know, a big orchestral studio, kind of

1343
01:05:39,160 --> 01:05:42,120
Speaker 20: bigger than Abbey Roads, you style. You can do a

1344
01:05:42,160 --> 01:05:45,080
Speaker 20: lot of things in there. They've got the TV production

1345
01:05:45,360 --> 01:05:50,200
Speaker 20: crew as well is really onto it music production school

1346
01:05:50,240 --> 01:05:54,200
Speaker 20: and producing school as well as some just beautiful equipment

1347
01:05:55,000 --> 01:05:58,680
Speaker 20: vintage and digital. So it's a real joy to go there.

1348
01:05:58,800 --> 01:06:03,040
Speaker 20: A big, comfortable space and we really utilized all the

1349
01:06:03,240 --> 01:06:05,760
Speaker 20: all the facilities, including the Great Hall which was the

1350
01:06:05,760 --> 01:06:09,040
Speaker 20: old museum in Wellington and there's now the Great Hall,

1351
01:06:09,800 --> 01:06:13,120
Speaker 20: you know, and we use their massive, massive led screen

1352
01:06:13,200 --> 01:06:16,800
Speaker 20: which is probably the biggest and most high death in

1353
01:06:16,920 --> 01:06:20,320
Speaker 20: the Southern hemisphere, I believe so. And we used you know,

1354
01:06:20,360 --> 01:06:23,560
Speaker 20: we went with and used the students help as part

1355
01:06:23,640 --> 01:06:27,120
Speaker 20: of their courses and outside of their courses, so we

1356
01:06:27,120 --> 01:06:30,680
Speaker 20: we literally recorded and filmed the shows. Its sent directly

1357
01:06:30,680 --> 01:06:34,040
Speaker 20: back to the music studios through the desk onto hard drives.

1358
01:06:34,480 --> 01:06:36,480
Speaker 20: A lot of people involved in that and the video

1359
01:06:36,960 --> 01:06:38,280
Speaker 20: into a control room.

1360
01:06:38,440 --> 01:06:38,640
Speaker 4: You know.

1361
01:06:38,640 --> 01:06:40,760
Speaker 20: It was like it was like a like a big

1362
01:06:40,920 --> 01:06:45,000
Speaker 20: kind of TV production for for three nights the students.

1363
01:06:45,400 --> 01:06:47,480
Speaker 2: I mean, are you so cool that the students knew

1364
01:06:47,480 --> 01:06:48,960
Speaker 2: who you all you guys were or no?

1365
01:06:50,640 --> 01:06:53,000
Speaker 20: I think I think the students were aware, and then

1366
01:06:53,200 --> 01:06:55,160
Speaker 20: obviously we're seeing who wants to get involved in a

1367
01:06:55,160 --> 01:06:58,760
Speaker 20: professional level or volunteer at their time. I'm not sure

1368
01:06:58,760 --> 01:07:00,800
Speaker 20: how well known we are, but you know, we became

1369
01:07:01,000 --> 01:07:03,400
Speaker 20: kind of well known when people, you know, we're hearing

1370
01:07:03,400 --> 01:07:04,200
Speaker 20: that that was happening.

1371
01:07:04,280 --> 01:07:07,480
Speaker 2: Yeah, but what an amazing thing if you're studying and

1372
01:07:07,560 --> 01:07:09,400
Speaker 2: the real deal and and you're a bit of a

1373
01:07:09,480 --> 01:07:11,640
Speaker 2: legend and all that stuff, and suddenly you're there and

1374
01:07:11,680 --> 01:07:14,080
Speaker 2: you are part of a real project. It's not like

1375
01:07:14,200 --> 01:07:15,600
Speaker 2: universe theory. It's real.

1376
01:07:16,560 --> 01:07:19,040
Speaker 20: That's right, Yeah, I reckon, it's really it's a really cool, yeah,

1377
01:07:19,120 --> 01:07:22,560
Speaker 20: really cool extension of the collaboration process. And we've never

1378
01:07:22,600 --> 01:07:25,640
Speaker 20: done anything like that before. It was well well brought through,

1379
01:07:25,640 --> 01:07:27,480
Speaker 20: and we're you know, we're bloody lucky actually to be

1380
01:07:27,520 --> 01:07:30,080
Speaker 20: able to you know, get you know, bro deals and

1381
01:07:30,680 --> 01:07:32,440
Speaker 20: use all their facilities and equipment and.

1382
01:07:32,440 --> 01:07:35,680
Speaker 2: People and the whole thing you're telling me, is this true?

1383
01:07:36,280 --> 01:07:38,520
Speaker 2: I can understand recorded in a week, but the whole

1384
01:07:38,520 --> 01:07:42,840
Speaker 2: thing was written, done dusted in our week.

1385
01:07:44,440 --> 01:07:44,680
Speaker 7: Yes.

1386
01:07:44,880 --> 01:07:47,680
Speaker 20: Well, you know, the singers would have been songwriters, would

1387
01:07:47,680 --> 01:07:49,120
Speaker 20: have had these songs that they might have had them

1388
01:07:49,160 --> 01:07:50,800
Speaker 20: for a couple of years or they might have just

1389
01:07:51,920 --> 01:07:54,480
Speaker 20: made them. You know, the write increase process was longer,

1390
01:07:54,560 --> 01:07:58,280
Speaker 20: but the actual putting together of the show was basically

1391
01:07:58,320 --> 01:08:00,640
Speaker 20: a week in terms of the you know, in terms

1392
01:08:00,680 --> 01:08:04,160
Speaker 20: of the recordings and the visual side of it in

1393
01:08:04,200 --> 01:08:05,280
Speaker 20: the stage performance.

1394
01:08:05,520 --> 01:08:06,080
Speaker 7: Yes, it was.

1395
01:08:06,440 --> 01:08:08,760
Speaker 20: It's a very quick and intense.

1396
01:08:08,960 --> 01:08:10,160
Speaker 4: Turnaround, fantastic.

1397
01:08:10,200 --> 01:08:11,480
Speaker 2: What do you do the rest of the time.

1398
01:08:13,120 --> 01:08:17,759
Speaker 20: A lot of parenting and scheming and writing, writing songs

1399
01:08:18,000 --> 01:08:20,240
Speaker 20: and you know, working with the Black Seeds a lot,

1400
01:08:20,400 --> 01:08:24,400
Speaker 20: and you know, thinking about the future of what plans

1401
01:08:24,400 --> 01:08:25,920
Speaker 20: have been put together in the musical world.

1402
01:08:26,040 --> 01:08:29,000
Speaker 2: Give me the price as a seasoned player in this industry,

1403
01:08:29,040 --> 01:08:33,040
Speaker 2: give me a current scenario of the New Zealand music

1404
01:08:33,120 --> 01:08:34,439
Speaker 2: scene as you see it.

1405
01:08:35,479 --> 01:08:39,719
Speaker 20: Oh well, it's quite hard to express that. As as

1406
01:08:39,720 --> 01:08:42,559
Speaker 20: an older person who's been doing my thing, which is

1407
01:08:42,840 --> 01:08:47,000
Speaker 20: necessarily the most modern sounding music. I see it as

1408
01:08:47,200 --> 01:08:50,479
Speaker 20: quite a healthy industry. Lots of young talent coming through,

1409
01:08:50,960 --> 01:08:52,880
Speaker 20: lots of new music all the time, which is quite

1410
01:08:52,920 --> 01:08:54,960
Speaker 20: hard to listen to it all. I mean, I don't

1411
01:08:55,000 --> 01:08:56,840
Speaker 20: know who we can actually listen to it all, but

1412
01:08:56,880 --> 01:09:00,160
Speaker 20: there's some exciting talent that I think that's coming through,

1413
01:09:00,360 --> 01:09:03,000
Speaker 20: and it all rise to the top, and hopefully people

1414
01:09:03,080 --> 01:09:06,599
Speaker 20: have longevity in their interest in music, not just a

1415
01:09:06,680 --> 01:09:08,640
Speaker 20: single here and then that's for you later. And so

1416
01:09:08,640 --> 01:09:11,000
Speaker 20: I hope that people you know, stick with it and

1417
01:09:11,000 --> 01:09:12,920
Speaker 20: I think the good stuff will always rise to the top.

1418
01:09:13,080 --> 01:09:15,559
Speaker 2: Fantastic, all right, So the album tomorrow Elemental. You've got

1419
01:09:15,560 --> 01:09:17,519
Speaker 2: a couple of shows. I'll give the details on that.

1420
01:09:18,120 --> 01:09:19,960
Speaker 2: Is everyone going to the shows? By the way, is

1421
01:09:20,000 --> 01:09:22,000
Speaker 2: it like a cost one thousands?

1422
01:09:22,040 --> 01:09:26,360
Speaker 20: Yes, yes, everyone's going to the shows that's on the album.

1423
01:09:26,479 --> 01:09:30,559
Speaker 20: So we're literally directly doing that same show. It'll be

1424
01:09:30,600 --> 01:09:33,519
Speaker 20: slightly different here and there, and but this time we're

1425
01:09:33,520 --> 01:09:35,240
Speaker 20: not needing to record it or anything like that, so

1426
01:09:35,280 --> 01:09:38,480
Speaker 20: that pressures off. It's just about expressing it now.

1427
01:09:38,240 --> 01:09:43,000
Speaker 2: Brilliant, and you've recorded something exclusive for us. What is it?

1428
01:09:43,120 --> 01:09:44,479
Speaker 2: Because I'll go to the air break and we'll play

1429
01:09:44,479 --> 01:09:45,720
Speaker 2: it after the break. What is it?

1430
01:09:46,479 --> 01:09:48,800
Speaker 20: Yeah? Sure, So it's a song called Face the Sun,

1431
01:09:48,880 --> 01:09:53,040
Speaker 20: which my good friend in compadre and co producer, Lawton

1432
01:09:53,160 --> 01:09:55,960
Speaker 20: Corter wrote with me and mind. Actually it was actually

1433
01:09:56,000 --> 01:09:57,720
Speaker 20: a gift. A song was a gift, which is a

1434
01:09:57,760 --> 01:10:00,320
Speaker 20: great gift to get. He made me a co rider

1435
01:10:00,320 --> 01:10:02,000
Speaker 20: and he said this is you know this is suit

1436
01:10:02,040 --> 01:10:05,960
Speaker 20: to you. It's it's it's kind of it's about morality

1437
01:10:06,000 --> 01:10:08,200
Speaker 20: really in facing facing that. Not that you know, we

1438
01:10:08,280 --> 01:10:10,040
Speaker 20: all face that. But I don't think I see myself

1439
01:10:10,040 --> 01:10:13,679
Speaker 20: as an old old gentlemen. But imagine, imagine Bond John

1440
01:10:13,840 --> 01:10:19,200
Speaker 20: Jovi on on Horseback, you know, telling you about his

1441
01:10:19,320 --> 01:10:20,240
Speaker 20: thoughts on morality.

1442
01:10:20,439 --> 01:10:23,640
Speaker 2: Yeah, okay, fantastic And you recorded that for us. Did

1443
01:10:23,640 --> 01:10:24,760
Speaker 2: you get in one take or not?

1444
01:10:26,400 --> 01:10:29,320
Speaker 20: And I did it yesterday. It's just me and a guitar.

1445
01:10:29,520 --> 01:10:32,080
Speaker 20: It's it's an exclusive track for you might because it's

1446
01:10:32,120 --> 01:10:36,080
Speaker 20: not people haven't heard it ever. Wow, from two at

1447
01:10:36,120 --> 01:10:38,559
Speaker 20: three shows. There are only five hundred people in October

1448
01:10:38,640 --> 01:10:41,240
Speaker 20: last year, so it's an exclusive you. It's just me

1449
01:10:41,240 --> 01:10:42,800
Speaker 20: and a guitar. Yet it took a few takes.

1450
01:10:42,880 --> 01:10:44,559
Speaker 2: Good on you, mate, well done lovely to catch up.

1451
01:10:44,600 --> 01:10:46,599
Speaker 2: We'll see you in thirteen years or eleven or twelve. Actually,

1452
01:10:46,680 --> 01:10:49,920
Speaker 2: let's make it sooner than that. Barnaby, Weir Fly My Pretties.

1453
01:10:49,960 --> 01:10:52,639
Speaker 2: The album Elemental out tomorrow. I'll give you the show

1454
01:10:52,680 --> 01:10:56,640
Speaker 2: details in a moment and the song shortly seventeen past the.

1455
01:10:56,840 --> 01:11:01,080
Speaker 1: Mike Hosking Breakfast Full Show podcast on Radio how It

1456
01:11:01,200 --> 01:11:01,960
Speaker 1: by news Talks.

1457
01:11:02,000 --> 01:11:05,360
Speaker 2: It be news Talks. It'll be twenty minutes past eight

1458
01:11:05,920 --> 01:11:09,080
Speaker 2: Elementals the album It's out tomorrow, fly My Produced They're

1459
01:11:09,080 --> 01:11:11,320
Speaker 2: coming the end of May May thirty Q Theater, Auckland,

1460
01:11:11,360 --> 01:11:14,639
Speaker 2: thirty one Q Theater, Auckland, June fourteenth at the Isaac Royal,

1461
01:11:14,640 --> 01:11:19,479
Speaker 2: The Beautiful Isaac in christ Church. The song Face the Sun.

1462
01:11:35,640 --> 01:11:40,280
Speaker 14: Don't call me a good name. Too many wrongs that

1463
01:11:40,400 --> 01:11:44,360
Speaker 14: I done. When the clock starts fall and I'll be

1464
01:11:44,479 --> 01:11:49,080
Speaker 14: calling his name right in the sun. I can tell

1465
01:11:49,160 --> 01:11:55,759
Speaker 14: your word wisdom, anything that I've wander But I'm feeling

1466
01:11:55,880 --> 01:12:00,400
Speaker 14: much older. I just want my last days in the sun.

1467
01:12:01,520 --> 01:12:05,559
Speaker 14: The knights are getting colder. I just warm my lost

1468
01:12:05,680 --> 01:12:11,040
Speaker 14: days in the sun, feeling my childer. I just wall

1469
01:12:11,160 --> 01:12:38,000
Speaker 14: into my lost days in the sun. Yeah, the knights

1470
01:12:38,040 --> 01:12:45,600
Speaker 14: are getting colder, lost days in the sun, feeling my childer,

1471
01:12:47,000 --> 01:12:51,080
Speaker 14: love my lost days into the sun. The knights are

1472
01:12:51,120 --> 01:12:54,759
Speaker 14: getting colder. I just fall and love my last days

1473
01:12:54,800 --> 01:13:02,400
Speaker 14: into the sun. So don't call me here good man

1474
01:13:03,040 --> 01:13:06,920
Speaker 14: too men and wrongs that I've done. When the clock

1475
01:13:07,000 --> 01:13:11,559
Speaker 14: starts falling, I'll be calling you name right into the sun.

1476
01:13:12,720 --> 01:13:16,599
Speaker 14: I can tell you word to wisdom and the things

1477
01:13:16,680 --> 01:13:22,120
Speaker 14: that I've undered. Feeling much older, I just fall in

1478
01:13:22,439 --> 01:13:23,920
Speaker 14: my last days in.

1479
01:13:23,720 --> 01:13:24,400
Speaker 2: In the sun.

1480
01:13:25,560 --> 01:13:28,640
Speaker 14: The nights I get in colder, I just wall in

1481
01:13:29,000 --> 01:13:33,599
Speaker 14: my last days in the sun, nights to getting colder.

1482
01:13:34,120 --> 01:13:36,920
Speaker 14: I just want to live my last days in.

1483
01:13:36,720 --> 01:13:37,439
Speaker 15: In the sun.

1484
01:13:44,840 --> 01:13:47,479
Speaker 2: There you go, just for us, and that nice. We'll

1485
01:13:47,479 --> 01:13:51,000
Speaker 2: get them on again once again. My thirty Q Theater,

1486
01:13:51,080 --> 01:13:54,320
Speaker 2: My thirty one Q Theater, fourteen June, Isaac Royal Fly

1487
01:13:54,439 --> 01:13:57,320
Speaker 2: my prettiest album out tomorrow A twenty.

1488
01:13:57,040 --> 01:14:01,160
Speaker 1: Three, The mic Hosking Breakfast with the Range, Rover Villa

1489
01:14:01,479 --> 01:14:02,320
Speaker 1: News Togs Dead b.

1490
01:14:03,080 --> 01:14:04,960
Speaker 2: Now, if you're missing out on life's adventures because of

1491
01:14:05,000 --> 01:14:07,439
Speaker 2: the old joint discomfort A, you don't have to. There's

1492
01:14:07,439 --> 01:14:09,839
Speaker 2: the good news. Lester's Oil, abart health of course, Ameiga

1493
01:14:09,880 --> 01:14:13,599
Speaker 2: three based supplement, other great nutrients on board supports healthy aging,

1494
01:14:13,680 --> 01:14:17,439
Speaker 2: joint health, cardiovascular health, brain health, yes, and more. Essentially,

1495
01:14:17,439 --> 01:14:19,400
Speaker 2: it can help your body, you know, get back on

1496
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Speaker 2: good terms. So here's how the Lister's oil has helped

1497
01:14:21,920 --> 01:14:24,519
Speaker 2: some of you already. Susie says, Look, I've been taking

1498
01:14:24,560 --> 01:14:27,120
Speaker 2: Listers Oil for months now. It's certainly helping my joints.

1499
01:14:27,200 --> 01:14:29,120
Speaker 2: Dave says I've been using Lister's Oil for the past

1500
01:14:29,200 --> 01:14:33,080
Speaker 2: few years. It's life changing, It's freedom. I eight hundred

1501
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1502
01:14:35,600 --> 01:14:37,920
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01:14:40,400 --> 01:14:43,799
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01:14:45,640 --> 01:14:48,479
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1508
01:14:51,320 --> 01:14:54,200
Speaker 2: is the code and the key. Some exclusions apply. I

1509
01:14:54,280 --> 01:14:56,679
Speaker 2: eight hundred triple nine three or nine about Health dot

1510
01:14:56,800 --> 01:15:01,439
Speaker 2: co dot Nz for your Lester's oil. Geez hos, that's

1511
01:15:01,439 --> 01:15:04,639
Speaker 2: bloody awesome music, Mike, great song, love it brilliant. Yes,

1512
01:15:04,680 --> 01:15:07,840
Speaker 2: you enjoy a bit of fly my Pretties and Barnaby ware. Mikey,

1513
01:15:07,880 --> 01:15:10,880
Speaker 2: you're following the Penske scandal at Indy Cars. Yes, I

1514
01:15:10,960 --> 01:15:15,000
Speaker 2: am more. Shortly after Rodd who is next for the news?

1515
01:15:15,400 --> 01:15:16,960
Speaker 2: Shortly here at News Talks.

1516
01:15:16,800 --> 01:15:21,719
Speaker 1: Edwy News Opinion and everything in between. The mic Hosking

1517
01:15:21,760 --> 01:15:26,080
Speaker 1: Breakfast with Bailey's real Estate, your local experts across residential,

1518
01:15:26,080 --> 01:15:28,240
Speaker 1: commercial and rural news talks dead.

1519
01:15:28,120 --> 01:15:32,000
Speaker 2: B now the jobless from the International Monetary Fund. It's

1520
01:15:32,000 --> 01:15:34,240
Speaker 2: been painted as being negative. I'm not sure it's negative

1521
01:15:34,320 --> 01:15:37,479
Speaker 2: because their number they've come out with overnight is our

1522
01:15:37,520 --> 01:15:39,680
Speaker 2: unemployment rate will peak at five point three. Is that

1523
01:15:39,720 --> 01:15:43,720
Speaker 2: bad well from their perspective, yes, because in the OECD

1524
01:15:43,760 --> 01:15:45,120
Speaker 2: there's not a lot of people who are higher than

1525
01:15:45,120 --> 01:15:46,640
Speaker 2: five point three, so we're one of the worst in

1526
01:15:46,680 --> 01:15:50,439
Speaker 2: the OECD. Upside, it could have been six. Wasn't that

1527
01:15:50,520 --> 01:15:52,840
Speaker 2: long ago that number of forecasters, including banks, he were

1528
01:15:52,840 --> 01:15:55,519
Speaker 2: saying possibly six. Then they went down to about five

1529
01:15:55,560 --> 01:15:58,839
Speaker 2: point five, so we seemed at five point one currently.

1530
01:15:59,479 --> 01:16:02,920
Speaker 2: So if five point three is the peak and they're right,

1531
01:16:03,680 --> 01:16:06,599
Speaker 2: we've got a bit more to go. It'll be interesting

1532
01:16:06,600 --> 01:16:08,200
Speaker 2: to see what they say in the budget tomorrow. But

1533
01:16:08,360 --> 01:16:11,559
Speaker 2: it's it's coming. My point being, it's the last laggard

1534
01:16:12,280 --> 01:16:14,800
Speaker 2: in that long list of stuff that needs to come

1535
01:16:14,880 --> 01:16:17,720
Speaker 2: right before we all come right. So if it's the

1536
01:16:17,800 --> 01:16:21,280
Speaker 2: last lagged at five point three, we're not far off

1537
01:16:21,520 --> 01:16:23,880
Speaker 2: the worst, So that's the upside of it. Twenty two

1538
01:16:23,880 --> 01:16:24,639
Speaker 2: minutes away from.

1539
01:16:24,600 --> 01:16:29,360
Speaker 1: Nine International correspondence with ends Inneye Insurance Peace of mind

1540
01:16:29,400 --> 01:16:30,760
Speaker 1: for New Zealand Business.

1541
01:16:30,439 --> 01:16:33,160
Speaker 4: Super we go rod little very good money, make good,

1542
01:16:33,800 --> 01:16:34,320
Speaker 4: make mate.

1543
01:16:34,920 --> 01:16:37,519
Speaker 2: So the UK deal. Let me come to that in

1544
01:16:37,560 --> 01:16:39,400
Speaker 2: just a couple of moments, just real quick. On the

1545
01:16:39,439 --> 01:16:43,720
Speaker 2: starmer U turn. As regards heating payments. One, how's he

1546
01:16:43,840 --> 01:16:44,640
Speaker 2: paying for it?

1547
01:16:44,960 --> 01:16:45,600
Speaker 14: Two?

1548
01:16:45,720 --> 01:16:46,920
Speaker 2: How embarrassing is it?

1549
01:16:48,840 --> 01:16:53,639
Speaker 7: It's embarrassing, But it's he preceivably believes that there's enough

1550
01:16:53,640 --> 01:17:00,880
Speaker 7: political capital behind it to assuage that that that embarrassment.

1551
01:17:01,280 --> 01:17:04,000
Speaker 7: The trouble is, I don't think he's right. You see,

1552
01:17:04,040 --> 01:17:09,480
Speaker 7: I think that I think the problem came in scrapping

1553
01:17:09,520 --> 01:17:12,920
Speaker 7: the winter fuel payments for pensioners. I don't think that

1554
01:17:13,080 --> 01:17:18,240
Speaker 7: is redressed by putting back the winter fuel payments for pensioners,

1555
01:17:18,479 --> 01:17:21,680
Speaker 7: because that deed has been done and they've settled in

1556
01:17:21,760 --> 01:17:25,160
Speaker 7: the public mind this idea that this was a government

1557
01:17:25,200 --> 01:17:28,240
Speaker 7: which didn't really care about the elderly, which cared about

1558
01:17:28,240 --> 01:17:33,240
Speaker 7: its client groups. And so I think it's he undoubtedly

1559
01:17:33,280 --> 01:17:35,480
Speaker 7: will have swayed a lot of opinion on the backbenches

1560
01:17:35,479 --> 01:17:38,360
Speaker 7: of the Labor Party, but more than that, whyer than not,

1561
01:17:38,600 --> 01:17:39,479
Speaker 7: I'm not so sure.

1562
01:17:39,720 --> 01:17:42,280
Speaker 2: All right, when we last talked, we had this this

1563
01:17:42,520 --> 01:17:45,080
Speaker 2: so called historic deal, post bricks at all of that,

1564
01:17:45,840 --> 01:17:48,000
Speaker 2: How much more do we know around the specifics like

1565
01:17:48,080 --> 01:17:50,120
Speaker 2: how much are you guys going to pay, how many

1566
01:17:50,160 --> 01:17:52,240
Speaker 2: people are going to benefit with the youth visa, all

1567
01:17:52,280 --> 01:17:53,760
Speaker 2: of those sort of questions.

1568
01:17:53,520 --> 01:17:56,240
Speaker 7: Yes, we don't know any of that made I'm afraid

1569
01:17:57,040 --> 01:17:59,880
Speaker 7: and this is a problem. You see, I was reasonably

1570
01:18:00,120 --> 01:18:03,559
Speaker 7: tomistic going into this deal, thinking that you know, brexfit

1571
01:18:03,640 --> 01:18:06,120
Speaker 7: in the past. We do need a new relationship with Europe.

1572
01:18:06,120 --> 01:18:08,479
Speaker 7: We do need to build bridges, and there is this

1573
01:18:09,040 --> 01:18:12,760
Speaker 7: common area of defense, which is where there may have

1574
01:18:12,800 --> 01:18:19,160
Speaker 7: been some progress with a Sevanalayan between the two of us.

1575
01:18:19,520 --> 01:18:22,160
Speaker 7: But it looks as if he's bought a bum deal.

1576
01:18:22,360 --> 01:18:25,519
Speaker 7: He has been out negotiated, which is unusual because he's

1577
01:18:25,560 --> 01:18:29,000
Speaker 7: been pretty good at this sort of thing previously. The

1578
01:18:31,800 --> 01:18:37,000
Speaker 7: capitulation on fishing, which means that for twelve years, twelve

1579
01:18:37,160 --> 01:18:41,080
Speaker 7: years he thought it was only four French fishermen could

1580
01:18:41,160 --> 01:18:47,360
Speaker 7: into every last fish which lifts within any radius of

1581
01:18:47,400 --> 01:18:51,240
Speaker 7: our slaws is a real blow to the fishing industry

1582
01:18:52,080 --> 01:18:55,280
Speaker 7: and also a problem for conservation incidentally as well. So

1583
01:18:55,400 --> 01:18:58,960
Speaker 7: that is a problem. There is a growing problem with

1584
01:18:59,080 --> 01:19:02,639
Speaker 7: the idea of the use visas. I don't think it's

1585
01:19:02,640 --> 01:19:05,439
Speaker 7: as much a problem as someone the right to who

1586
01:19:05,520 --> 01:19:08,160
Speaker 7: say that it will mean the lowering of wages for

1587
01:19:08,160 --> 01:19:10,800
Speaker 7: people in this country. I'm not so sure it's like that,

1588
01:19:11,200 --> 01:19:15,599
Speaker 7: but he clearly brought above deal, particularly with regard to fishing.

1589
01:19:16,000 --> 01:19:16,200
Speaker 6: Yeah.

1590
01:19:16,240 --> 01:19:18,920
Speaker 2: I read a very good article the other day about

1591
01:19:19,000 --> 01:19:21,080
Speaker 2: a bunch of questions that weren't answered. Wing and British

1592
01:19:21,120 --> 01:19:23,320
Speaker 2: travelers use e gates. Will it be easy for British

1593
01:19:23,400 --> 01:19:26,599
Speaker 2: bands to tour? Will UK qualifications be recognized in the EU?

1594
01:19:27,360 --> 01:19:29,960
Speaker 2: They do? They have those answers and they just haven't

1595
01:19:30,000 --> 01:19:32,040
Speaker 2: told them, or even they don't know the answer to

1596
01:19:32,040 --> 01:19:32,799
Speaker 2: the questions.

1597
01:19:33,560 --> 01:19:35,679
Speaker 7: I don't think they know the answers. We are moving

1598
01:19:35,760 --> 01:19:39,600
Speaker 7: towards that though. You know, when Brexit happened, I was

1599
01:19:39,720 --> 01:19:44,559
Speaker 7: terribly worried about the various science projects which we had

1600
01:19:46,200 --> 01:19:52,160
Speaker 7: supernationally across Europe, and they got sorted out fairly quickly,

1601
01:19:52,320 --> 01:19:56,240
Speaker 7: as needs must. So the Euratom treaty and stuff like

1602
01:19:56,280 --> 01:19:59,360
Speaker 7: that that it kind of got sorted out quite quickly.

1603
01:19:59,640 --> 01:20:02,479
Speaker 7: I don't I think those things are the problem. I

1604
01:20:02,520 --> 01:20:07,719
Speaker 7: think the headline problems for sekir Starma are fishing, which

1605
01:20:07,760 --> 01:20:10,680
Speaker 7: is a very you know, telegenic protest. When they go

1606
01:20:10,800 --> 01:20:16,200
Speaker 7: about their stuff and I think possibly stored up to

1607
01:20:16,400 --> 01:20:17,519
Speaker 7: used visus stuff.

1608
01:20:17,800 --> 01:20:20,280
Speaker 2: Okay, give us a word on Lucy Connolly. Where does

1609
01:20:20,320 --> 01:20:22,879
Speaker 2: this go? I mean where she at in the judicial process.

1610
01:20:22,920 --> 01:20:25,320
Speaker 2: To remind us, she's the counselor's wife, and she went

1611
01:20:25,320 --> 01:20:27,719
Speaker 2: a bit crazy on social media and she's been banged

1612
01:20:27,760 --> 01:20:31,000
Speaker 2: up and appealing, so she's lost her latest bid. But

1613
01:20:31,360 --> 01:20:32,840
Speaker 2: where are we at legally with this?

1614
01:20:33,400 --> 01:20:37,840
Speaker 7: Well, legally that's her done unless she appeals to the

1615
01:20:37,880 --> 01:20:42,200
Speaker 7: European Court of Justice, which I doubt very much. It's

1616
01:20:42,560 --> 01:20:45,040
Speaker 7: very simple. She was sentenced to thirty one months in

1617
01:20:45,080 --> 01:20:49,639
Speaker 7: prison for having tweeted something truly unpleasant about the cydum

1618
01:20:49,680 --> 01:20:54,080
Speaker 7: seekers coming here. You know, you cannot argue that we

1619
01:20:54,160 --> 01:20:56,280
Speaker 7: have freedom of speech if you get shoved up in

1620
01:20:56,320 --> 01:21:00,519
Speaker 7: prison for people say horrible things. But she got thirty

1621
01:21:00,560 --> 01:21:06,080
Speaker 7: one months, and you know, people have not been slow

1622
01:21:06,280 --> 01:21:09,320
Speaker 7: to realize that this is more than people who are

1623
01:21:09,360 --> 01:21:15,360
Speaker 7: tipped out in domestic violence, drug runners, stabbers, the whole lot.

1624
01:21:16,120 --> 01:21:19,160
Speaker 7: So it is being a scene as a political offense.

1625
01:21:19,560 --> 01:21:22,280
Speaker 7: And Boris Johnson has said, we are living in a

1626
01:21:22,320 --> 01:21:23,080
Speaker 7: police state.

1627
01:21:23,240 --> 01:21:25,160
Speaker 2: Rodrick, you have a very good weekend. We'll catch up

1628
01:21:25,200 --> 01:21:27,639
Speaker 2: next Tuesday. Just before we leave that part of the world.

1629
01:21:27,640 --> 01:21:32,120
Speaker 2: That EU's planning a two euro fee on all small parcels,

1630
01:21:32,320 --> 01:21:34,960
Speaker 2: and that's going to smack Shine and Tim big time.

1631
01:21:36,160 --> 01:21:39,360
Speaker 2: Two euro flat fee all the small parcels that come

1632
01:21:39,400 --> 01:21:43,160
Speaker 2: in on anything less than one hundred and fifty euros,

1633
01:21:43,160 --> 01:21:47,800
Speaker 2: so maybe two seventy to eighty dollars. How many of

1634
01:21:47,800 --> 01:21:50,439
Speaker 2: these parcels come into the EU each year? Ninety percent

1635
01:21:50,479 --> 01:21:52,800
Speaker 2: of them, clue, ninety percent come from China. How many

1636
01:21:52,800 --> 01:21:55,160
Speaker 2: parcels you're to come in the EU each year at

1637
01:21:55,160 --> 01:22:01,639
Speaker 2: two euros a pop? Four zero point six billion, seventeen

1638
01:22:01,680 --> 01:22:03,280
Speaker 2: to two The.

1639
01:22:03,439 --> 01:22:07,720
Speaker 1: Like Asking Breakfast Full Show podcast on iHeartRadio powered by

1640
01:22:07,760 --> 01:22:08,560
Speaker 1: News Talks.

1641
01:22:08,280 --> 01:22:11,640
Speaker 2: At B thirteen and one from nine my peak unemployment.

1642
01:22:11,720 --> 01:22:14,160
Speaker 2: Check out the US thirty year bonds today. Cost of

1643
01:22:14,160 --> 01:22:15,760
Speaker 2: long term debt is going up. It's one of a

1644
01:22:15,840 --> 01:22:17,559
Speaker 2: approaching to the converted. You have been saying it in

1645
01:22:17,640 --> 01:22:19,800
Speaker 2: very interesting comments. I thought from Stephen Joyce earlier on

1646
01:22:19,840 --> 01:22:22,240
Speaker 2: this Morning ECB. We started the show with this morning

1647
01:22:22,479 --> 01:22:26,240
Speaker 2: European Central Bank. They think something fundamental is going on

1648
01:22:26,600 --> 01:22:29,960
Speaker 2: and the world is starting to bail from America. And

1649
01:22:30,000 --> 01:22:32,559
Speaker 2: so if you look at the aforementioned thirty year bonds.

1650
01:22:32,600 --> 01:22:35,920
Speaker 2: They're at five oh nine six this morning. For the

1651
01:22:35,960 --> 01:22:41,280
Speaker 2: past two decades, at least, anything close to five and

1652
01:22:40,880 --> 01:22:44,960
Speaker 2: beyond five, you don't go because that's just what America is.

1653
01:22:45,000 --> 01:22:48,599
Speaker 2: Nothing beyond five, because America's call now, it's not ten

1654
01:22:48,680 --> 01:22:50,679
Speaker 2: years this morning at four point five, nine to five,

1655
01:22:50,960 --> 01:22:53,759
Speaker 2: are nothing beyond four point five. Suddenly the whole thing's changing.

1656
01:22:53,800 --> 01:22:58,000
Speaker 2: They don't believe increasingly in America anymore. And that's profound.

1657
01:22:58,040 --> 01:23:00,360
Speaker 2: Believe me, it's profound. You look at the world's debt

1658
01:23:01,280 --> 01:23:03,960
Speaker 2: and you look at the belief in America and your

1659
01:23:04,000 --> 01:23:06,040
Speaker 2: buy American bonds in equities and all that sort of

1660
01:23:06,080 --> 01:23:09,040
Speaker 2: stuff that's changing and shifting. Mikey, you're following Penske, Yes, Penske.

1661
01:23:09,080 --> 01:23:11,480
Speaker 2: If you're not following, is worth following because Scott McLaughlin

1662
01:23:12,160 --> 01:23:14,720
Speaker 2: is part of Penske. He's not in this particular set

1663
01:23:14,720 --> 01:23:17,599
Speaker 2: of circumstances in specific trouble, but he's in the wrong

1664
01:23:17,680 --> 01:23:23,320
Speaker 2: team for it. So they've got illegally modified attenuators. Attenuators

1665
01:23:23,320 --> 01:23:25,400
Speaker 2: are things in the car that help you in an accident.

1666
01:23:26,960 --> 01:23:29,360
Speaker 2: So far today they've gone and fired. They were ping,

1667
01:23:29,400 --> 01:23:33,000
Speaker 2: they were caught. Joseph Newgardens. One of the drivers will

1668
01:23:33,000 --> 01:23:35,120
Speaker 2: powers the other. They're going to start the race the

1669
01:23:35,120 --> 01:23:37,840
Speaker 2: Indy five hundred next week thirty second to thirty third.

1670
01:23:39,080 --> 01:23:42,240
Speaker 2: Suspension of the strategists for both cars finds of one

1671
01:23:42,280 --> 01:23:45,000
Speaker 2: hundred thousand dollars for each entry forfeiting of all qualifying

1672
01:23:45,000 --> 01:23:47,880
Speaker 2: points and losing their position selection. So this is a disaster.

1673
01:23:48,240 --> 01:23:52,160
Speaker 2: They're cheats and they've been caught. They fired the president,

1674
01:23:52,520 --> 01:23:58,200
Speaker 2: the general manager, and the managing director, Graham Ray ray Haul,

1675
01:23:58,280 --> 01:24:00,559
Speaker 2: the ray Hall name is famous in India. He goes,

1676
01:24:00,600 --> 01:24:03,840
Speaker 2: this is a pattern. I don't say this alone, and

1677
01:24:03,880 --> 01:24:06,200
Speaker 2: I'll say this for every other owner, and I'll say

1678
01:24:06,200 --> 01:24:09,880
Speaker 2: this for every other driver. There's a pattern. They did

1679
01:24:09,880 --> 01:24:12,400
Speaker 2: it last year, they got caught. They did it again

1680
01:24:12,520 --> 01:24:15,240
Speaker 2: this year push to pass. I won't explain the detail,

1681
01:24:15,240 --> 01:24:17,280
Speaker 2: but last year pushed to pass was a scandal as well.

1682
01:24:18,120 --> 01:24:19,800
Speaker 2: They did it again this year. They got caught. But

1683
01:24:19,840 --> 01:24:21,840
Speaker 2: apparently if you look back at the photos from last

1684
01:24:21,920 --> 01:24:24,240
Speaker 2: year's race winning car, it had the same modification, so

1685
01:24:24,320 --> 01:24:27,040
Speaker 2: it was illegal. That's a concern, right, there's a pattern

1686
01:24:27,120 --> 01:24:33,000
Speaker 2: to this. So unfortunately Scott's caught up in a team

1687
01:24:33,160 --> 01:24:37,800
Speaker 2: that is and Penske Roger Penske team owner. He's a legend.

1688
01:24:37,800 --> 01:24:40,680
Speaker 2: Of course, they got a lot of trouble. It's an

1689
01:24:40,760 --> 01:24:42,840
Speaker 2: ugly scene and there's no hiding from it. I'm for

1690
01:24:42,880 --> 01:24:44,360
Speaker 2: eight ten minutes away from nine.

1691
01:24:44,760 --> 01:24:48,880
Speaker 1: The Mike Hosking Breakfast with Bailey's Real Estate news Dogs Deadby.

1692
01:24:49,320 --> 01:24:51,639
Speaker 2: I suggest a little piece of reading if you've got

1693
01:24:51,640 --> 01:24:53,639
Speaker 2: the time and the interest today. It's a very nice

1694
01:24:53,640 --> 01:24:57,439
Speaker 2: piece from Tom Scott, I think needs no introduction. And

1695
01:24:57,520 --> 01:25:00,639
Speaker 2: he writes about Sir Bob Jones, who's memorials as being

1696
01:25:00,680 --> 01:25:03,280
Speaker 2: held today, and he goes, I detested Bob Jones for

1697
01:25:03,280 --> 01:25:05,960
Speaker 2: many years, so his opening line, I detested Bob Jones

1698
01:25:06,000 --> 01:25:08,640
Speaker 2: for many years. My loathing had its genesis in the

1699
01:25:08,720 --> 01:25:10,680
Speaker 2: run up to the seventy five election, when Bob was

1700
01:25:10,680 --> 01:25:14,000
Speaker 2: the brains and financial brawn behind Billboard's mushroomom across the Capitol,

1701
01:25:14,320 --> 01:25:17,600
Speaker 2: depicting Labour's leader Bill Rowling. It was a malicious propaganda

1702
01:25:17,640 --> 01:25:21,800
Speaker 2: campaign that contributed hugely to the landslide victory of National's course.

1703
01:25:21,880 --> 01:25:27,200
Speaker 2: Unfailingly belligerent Rob Muldoon, Bob's oldest sister Pat and her husband,

1704
01:25:27,280 --> 01:25:30,640
Speaker 2: the political cartoonist Bob Brocky, through lavish parties in the

1705
01:25:30,680 --> 01:25:33,960
Speaker 2: elegant home in Wadstown in the Hills. At these soirees,

1706
01:25:34,040 --> 01:25:36,160
Speaker 2: Bob would take me aside and sing his brother in

1707
01:25:36,240 --> 01:25:38,599
Speaker 2: law's praise as insisting I would like him if I

1708
01:25:38,640 --> 01:25:40,799
Speaker 2: met him, and so it proved to be. In nineteen

1709
01:25:40,840 --> 01:25:43,400
Speaker 2: seventy nine, at a cartoon exhibition held in the foyer

1710
01:25:43,439 --> 01:25:45,800
Speaker 2: of a tower block on Plymber Steps that I now

1711
01:25:45,800 --> 01:25:48,360
Speaker 2: suspect Bob owned and lent to the organizer's rent free,

1712
01:25:48,400 --> 01:25:51,120
Speaker 2: he said when he saw me, you're losing your hair,

1713
01:25:51,280 --> 01:25:55,240
Speaker 2: old man, and your fat. We got on famously after that,

1714
01:25:55,320 --> 01:25:57,559
Speaker 2: and I was often invited to Friday afternoon drinks and

1715
01:25:57,560 --> 01:26:00,920
Speaker 2: his company officers on Lower Lampton Key. If you ran

1716
01:26:00,960 --> 01:26:03,240
Speaker 2: into Bob on Lampton Key around lunchtime, hungry or not,

1717
01:26:03,320 --> 01:26:06,960
Speaker 2: he would drag you off for more listening at Asian

1718
01:26:07,000 --> 01:26:10,439
Speaker 2: restaurants tucked down backstreets and up narrow flights of stairs.

1719
01:26:10,880 --> 01:26:14,720
Speaker 2: Striding ahead, he would loudly scold pedestrians for wearing sunglasses

1720
01:26:14,760 --> 01:26:17,000
Speaker 2: on the top of their heads, or for wearing baseball

1721
01:26:17,000 --> 01:26:19,240
Speaker 2: caps back to front, and he sort of goes on

1722
01:26:19,320 --> 01:26:21,160
Speaker 2: tells a whole bunch of stories about Bob, most of

1723
01:26:21,200 --> 01:26:23,840
Speaker 2: which are funny and he's a brilliant man, Bob Jones,

1724
01:26:24,000 --> 01:26:25,920
Speaker 2: as indeed as Tom Scott. But he concludes with us

1725
01:26:26,240 --> 01:26:30,000
Speaker 2: Bob's death, while a shock, was not entirely unexpected. For

1726
01:26:30,040 --> 01:26:32,200
Speaker 2: most of his life, he burnt millions of candles at

1727
01:26:32,240 --> 01:26:34,760
Speaker 2: both ends, and there was no one else like him,

1728
01:26:34,920 --> 01:26:37,479
Speaker 2: and there never will be anyone like him again, proof

1729
01:26:37,640 --> 01:26:41,480
Speaker 2: if anyone needed that God doesn't make the same mistake twice.

1730
01:26:41,840 --> 01:26:45,559
Speaker 2: So his allegends of Bob Jones. The memorial service today

1731
01:26:45,880 --> 01:26:47,880
Speaker 2: six away from nine.

1732
01:26:48,120 --> 01:26:53,080
Speaker 1: Trending now with chemist Warehouse mayhem megasl on now.

1733
01:26:52,880 --> 01:26:54,200
Speaker 2: Now if you want to go on the socials, if

1734
01:26:54,200 --> 01:26:56,120
Speaker 2: you don't want to read Tom Scott. That's by the

1735
01:26:56,160 --> 01:27:00,559
Speaker 2: way in the newsroom site that Tom's written that Ice

1736
01:27:00,680 --> 01:27:06,080
Speaker 2: Barbie is trending. It's the nickname of Homeland Security Secretary

1737
01:27:07,040 --> 01:27:10,840
Speaker 2: Christy Nome. She was schooled or was she? I'll come

1738
01:27:10,840 --> 01:27:13,680
Speaker 2: back to that on constitutional understanding in the House. So

1739
01:27:14,000 --> 01:27:16,760
Speaker 2: Nome was being questioned by the Senator Maggie Hessen, who

1740
01:27:16,800 --> 01:27:19,679
Speaker 2: is of course a Democrat, when she asked what habes

1741
01:27:19,760 --> 01:27:20,479
Speaker 2: corpus is, So.

1742
01:27:20,560 --> 01:27:23,080
Speaker 21: Secretary nom, what is habeas corpus?

1743
01:27:24,280 --> 01:27:27,799
Speaker 22: Well, habeas corpus is a constitutional right that the president

1744
01:27:27,960 --> 01:27:30,839
Speaker 22: has to be able to remove people from this country.

1745
01:27:30,920 --> 01:27:31,840
Speaker 22: Let's spend their right.

1746
01:27:31,960 --> 01:27:35,080
Speaker 21: Let me let me stop spend the Habeas corpus. Excuse me,

1747
01:27:35,160 --> 01:27:40,800
Speaker 21: that's that's incorrect. Presidentbeas corpus, excuse me. Habeas corpus is

1748
01:27:40,800 --> 01:27:44,479
Speaker 21: the legal principle that requires that the government provide a

1749
01:27:44,560 --> 01:27:47,719
Speaker 21: public reason for detaining and imprisoning people.

1750
01:27:48,080 --> 01:27:50,880
Speaker 22: Yeah, I support Habeas corpus. I also recognize that the

1751
01:27:50,920 --> 01:27:53,600
Speaker 22: President of the United States has the authority under the

1752
01:27:53,640 --> 01:27:56,519
Speaker 22: Constitution to decide if it should be suspended or not.

1753
01:27:56,560 --> 01:27:58,519
Speaker 21: It has never let us be clear, it has never

1754
01:27:58,560 --> 01:28:01,719
Speaker 21: been done. It is never done without approval of Congress.

1755
01:28:01,720 --> 01:28:05,280
Speaker 21: Even Abraham Lincoln got retroactive approval from Congress.

1756
01:28:06,200 --> 01:28:09,400
Speaker 2: So the Democrat is technically correct. But once again, I'll

1757
01:28:09,400 --> 01:28:12,040
Speaker 2: come back to it. The pylon begins on social media.

1758
01:28:12,160 --> 01:28:14,599
Speaker 2: CHRISTI name just confused. Habeas corpus the right to challenge

1759
01:28:14,680 --> 01:28:17,760
Speaker 2: unlawful the tension with deportation powers. This isn't just a

1760
01:28:17,800 --> 01:28:20,360
Speaker 2: slip up. It's a governor who can't define basic constitutional

1761
01:28:20,439 --> 01:28:23,040
Speaker 2: rights and wants to wheel power without understanding it. No

1762
01:28:23,120 --> 01:28:25,599
Speaker 2: one says she has no effing clue what habeas corpus

1763
01:28:25,640 --> 01:28:27,640
Speaker 2: means we are living in the dumbest of times. That

1764
01:28:27,680 --> 01:28:30,879
Speaker 2: part may well be true as well. Here's the counter argument,

1765
01:28:30,920 --> 01:28:34,240
Speaker 2: and this goes into things like, I mean any number

1766
01:28:34,240 --> 01:28:37,400
Speaker 2: of court cases, but also the plane which he officially

1767
01:28:37,520 --> 01:28:42,960
Speaker 2: allegedly accepted. Today, the Assistant secretary, a woman called Tricia McLaughlin,

1768
01:28:44,200 --> 01:28:47,880
Speaker 2: says that Nome was in fact right. Presidents have suspended

1769
01:28:47,920 --> 01:28:51,400
Speaker 2: habeas corpus because this came out of last weekend. One

1770
01:28:51,400 --> 01:28:54,120
Speaker 2: of the Trump officials said they're seriously looking at suspending

1771
01:28:54,200 --> 01:28:57,360
Speaker 2: habeas corpus. How do you do this? And they claim

1772
01:28:57,400 --> 01:29:02,200
Speaker 2: it has been done by Lincoln, grantdr and indeed bush

1773
01:29:02,680 --> 01:29:07,080
Speaker 2: All during moments of crisis. Technically, Congress holds that power

1774
01:29:07,160 --> 01:29:11,920
Speaker 2: under the Constitution, but in reality presidents have acted first

1775
01:29:11,960 --> 01:29:16,200
Speaker 2: and legal authority has followed. The precedent is real. So

1776
01:29:16,320 --> 01:29:18,559
Speaker 2: this is how Trump operates. What he does is I'm

1777
01:29:18,600 --> 01:29:21,200
Speaker 2: going to do this. You do something about me not

1778
01:29:21,240 --> 01:29:24,120
Speaker 2: doing it, and so he's arguing this is where he's

1779
01:29:24,160 --> 01:29:27,519
Speaker 2: running up all these for example, Venezuelan's and he's going,

1780
01:29:27,840 --> 01:29:30,360
Speaker 2: let's send him out. Now. Yes they go to court,

1781
01:29:30,400 --> 01:29:32,320
Speaker 2: and yes, judge's rule, but they're already gone. What are

1782
01:29:32,320 --> 01:29:33,960
Speaker 2: they going to do about it? Nothing at the end

1783
01:29:34,000 --> 01:29:36,799
Speaker 2: of the day. And that's the problem, because he argues,

1784
01:29:36,880 --> 01:29:39,519
Speaker 2: this is a crisis. This is an emergency, whether it

1785
01:29:39,560 --> 01:29:42,360
Speaker 2: be the border in drugs or Venezuelans and America illegally,

1786
01:29:42,720 --> 01:29:46,439
Speaker 2: this is a crisis. And because it's a crisis, I

1787
01:29:46,479 --> 01:29:48,920
Speaker 2: can suspend packing anything you want in this case of

1788
01:29:49,000 --> 01:29:54,280
Speaker 2: tavious corpus. So we are that last social media post

1789
01:29:52,840 --> 01:29:56,200
Speaker 2: a plant Poplin. We are living if nothing be done

1790
01:29:56,200 --> 01:29:58,799
Speaker 2: at the time, certainly some of the most interesting of times,

1791
01:29:59,040 --> 01:30:01,799
Speaker 2: some of which will today from two o'clock this afternoon,

1792
01:30:01,800 --> 01:30:06,400
Speaker 2: and we will talk about it tomorrow meantime, Happy Days.

1793
01:30:09,120 --> 01:30:12,000
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1794
01:30:12,120 --> 01:30:15,200
Speaker 1: News Talks at B from six am weekdays, or follow

1795
01:30:15,240 --> 01:30:16,800
Speaker 1: the podcast on iHeartRadio.