1
00:00:01,160 --> 00:00:04,480
Speaker 1: Setting the news agenda and digging into the issues. The

2
00:00:04,720 --> 00:00:06,320
Speaker 1: Mic Hosking Breakfast with.

3
00:00:06,480 --> 00:00:11,600
Speaker 2: Bailey's real Estate altogether better across residential, commercial and rural

4
00:00:11,720 --> 00:00:12,920
Speaker 2: on News Talks, edb.

5
00:00:18,440 --> 00:00:20,959
Speaker 3: Brring and welcome today, the banking inquiries and change to

6
00:00:21,000 --> 00:00:23,800
Speaker 3: the way we export food, the embarrassments of so many

7
00:00:23,800 --> 00:00:26,400
Speaker 3: people leaving the country, and are the power companies ripping

8
00:00:26,440 --> 00:00:28,480
Speaker 3: us off? And why aren't the new disclosure rules working?

9
00:00:28,920 --> 00:00:31,360
Speaker 3: They've saved the Christy chain feature, which is good. Andy

10
00:00:31,400 --> 00:00:33,680
Speaker 3: Summers of the Police Fame, one of the music's greatest

11
00:00:33,680 --> 00:00:36,320
Speaker 3: of a guitarist. He's an after right, Joe mckennon's literally

12
00:00:36,320 --> 00:00:38,720
Speaker 3: ahead of the g seven Rod Little is in the

13
00:00:38,840 --> 00:00:42,400
Speaker 3: UK asking welcome to the day was always coming because

14
00:00:42,400 --> 00:00:44,400
Speaker 3: it's part of the coalition deal, of course, but the

15
00:00:44,440 --> 00:00:47,040
Speaker 3: Willis letter to a couple of select committees sets up.

16
00:00:47,120 --> 00:00:50,320
Speaker 3: Of all the inquiries and market studies, we've had probably

17
00:00:50,360 --> 00:00:53,239
Speaker 3: the most interesting investigation yet banks and whether we are

18
00:00:53,240 --> 00:00:57,600
Speaker 3: getting a decent deal. Is their enough competition? The rural

19
00:00:57,640 --> 00:01:00,360
Speaker 3: community is screaming at the moment over their behavior. Seems

20
00:01:00,360 --> 00:01:03,640
Speaker 3: a very fair weather social license issued. There are the

21
00:01:03,680 --> 00:01:06,360
Speaker 3: Reserve bank and commercial banks are at each other observers

22
00:01:06,360 --> 00:01:08,440
Speaker 3: of the retail operators look on with interest that the

23
00:01:08,440 --> 00:01:12,120
Speaker 3: margins charged here versus the margins charged in Australia, remembering,

24
00:01:12,160 --> 00:01:14,120
Speaker 3: of course they're the same banks. So a lot to

25
00:01:14,160 --> 00:01:16,720
Speaker 3: look into. Like all the other market studies though, whether

26
00:01:16,800 --> 00:01:19,680
Speaker 3: petrol or supermarkets or building supplies, looking into stuff as

27
00:01:19,720 --> 00:01:22,440
Speaker 3: one thing, working out what to do as another thing entirely.

28
00:01:22,640 --> 00:01:24,720
Speaker 3: What if it's found the Reserve Bank really is a problem.

29
00:01:25,000 --> 00:01:27,280
Speaker 3: They're independent of the government. What does the government do?

30
00:01:27,640 --> 00:01:30,240
Speaker 3: Kiwibank is supposed to be a disruptor, they're not. How

31
00:01:30,280 --> 00:01:32,240
Speaker 3: do you do anything about that? If a farmer has

32
00:01:32,280 --> 00:01:34,200
Speaker 3: not helped in a way they might have wanted. And

33
00:01:34,200 --> 00:01:36,839
Speaker 3: the committee finds banks are withdrawing from the rural sector,

34
00:01:37,160 --> 00:01:40,360
Speaker 3: what actually do you do about that? On the flip side,

35
00:01:40,600 --> 00:01:42,880
Speaker 3: banks are successful and we like and want that. The

36
00:01:42,959 --> 00:01:45,679
Speaker 3: stability of banks is critical to an economy, and in

37
00:01:45,720 --> 00:01:48,280
Speaker 3: that we've been fortunate. How much has government policy through

38
00:01:48,320 --> 00:01:51,120
Speaker 3: COVID messed with banks and lending in the economy. We

39
00:01:51,160 --> 00:01:54,240
Speaker 3: get into the DTIs the oldrs, the treatment of investors,

40
00:01:54,240 --> 00:01:56,400
Speaker 3: the flow and effect into housing and rentals and first

41
00:01:56,400 --> 00:01:59,360
Speaker 3: home buyers and access to money. This in some way

42
00:01:59,440 --> 00:02:01,880
Speaker 3: or another when think about it, actually touches each end,

43
00:02:01,960 --> 00:02:05,000
Speaker 3: every single one of us. As always with big business,

44
00:02:05,000 --> 00:02:07,120
Speaker 3: people will go into a you know this with a

45
00:02:07,120 --> 00:02:10,560
Speaker 3: preconceived notion banks of thieves or bullies or ripoff merchants.

46
00:02:10,639 --> 00:02:15,080
Speaker 3: The reserve bank is overbearing. But given we seem rightly

47
00:02:15,160 --> 00:02:18,720
Speaker 3: or wrongly to be obsessed with inquiries, here goes another one.

48
00:02:18,919 --> 00:02:21,160
Speaker 3: The trick is not to have it end up like

49
00:02:21,200 --> 00:02:25,760
Speaker 3: the others. We're next to nothing happens who news of.

50
00:02:25,720 --> 00:02:28,040
Speaker 1: The world in ninety seconds right.

51
00:02:27,960 --> 00:02:30,079
Speaker 3: Stuff unfolding as we speak. The lads are about to

52
00:02:30,120 --> 00:02:32,120
Speaker 3: hit the stage at sky UK hit to head for

53
00:02:32,160 --> 00:02:35,160
Speaker 3: an interview followed by audience questions before it starts. Key,

54
00:02:35,200 --> 00:02:36,120
Speaker 3: you thought it was a debate.

55
00:02:36,200 --> 00:02:39,120
Speaker 4: I know how important preparation is when you're interviewed by

56
00:02:39,120 --> 00:02:41,920
Speaker 4: beth Rick Beer. And of course we will have I

57
00:02:41,919 --> 00:02:45,360
Speaker 4: think a live audience there of people who live in

58
00:02:45,400 --> 00:02:47,600
Speaker 4: and around Grimsby, and I'm really looking forward to taking their.

59
00:02:47,600 --> 00:02:50,680
Speaker 3: Questions elsewhere on the trail. The Greens, who haven't got

60
00:02:50,680 --> 00:02:52,919
Speaker 3: a lot of coverage, have a plan for the rich.

61
00:02:53,000 --> 00:02:55,800
Speaker 5: We would overhaul our tax system to make it fairer.

62
00:02:56,080 --> 00:02:58,000
Speaker 5: At the heart of this would be a tax on

63
00:02:58,080 --> 00:03:01,160
Speaker 5: the very richest, the top one percent of people. Greens

64
00:03:01,320 --> 00:03:03,800
Speaker 5: have the courage to say that we would change the

65
00:03:03,880 --> 00:03:07,520
Speaker 5: tax system to make it fairer and make this investment possible.

66
00:03:07,680 --> 00:03:10,880
Speaker 3: Is it just me or does her voice not help overall?

67
00:03:11,320 --> 00:03:14,600
Speaker 3: And the lib dims have well, they've specialized and stunts

68
00:03:14,600 --> 00:03:16,359
Speaker 3: for attention. Did it again today? Around water?

69
00:03:16,480 --> 00:03:19,320
Speaker 4: We're saying today let's have a tougher new regulator.

70
00:03:19,320 --> 00:03:21,839
Speaker 1: We're calling it the Clean Water Authority.

71
00:03:22,280 --> 00:03:24,640
Speaker 4: And it backs up all the liberal Democrat policies to

72
00:03:24,800 --> 00:03:25,800
Speaker 4: end this Sewy scandal.

73
00:03:26,040 --> 00:03:27,480
Speaker 3: And I think he fell in the water after that,

74
00:03:27,520 --> 00:03:29,560
Speaker 3: also unfolding the US economy and the FED coutch, the

75
00:03:29,600 --> 00:03:31,800
Speaker 3: good news came and the CPI which went nowhere.

76
00:03:32,160 --> 00:03:35,200
Speaker 6: It keeps a FED between one and two cuts for

77
00:03:35,400 --> 00:03:39,240
Speaker 6: twenty twenty four, rather than slipping in some outliers that

78
00:03:39,280 --> 00:03:41,400
Speaker 6: were starting to think about whether or not we needed

79
00:03:41,400 --> 00:03:42,600
Speaker 6: an additional rate hike.

80
00:03:43,040 --> 00:03:45,880
Speaker 3: That's the good news. Just report that's just come out

81
00:03:45,880 --> 00:03:48,000
Speaker 3: of miment Ago, and I'll give you the details to

82
00:03:48,080 --> 00:03:50,960
Speaker 3: the war where Hamas are causing Anthony some headaches on

83
00:03:51,000 --> 00:03:51,720
Speaker 3: the Sea spirefront.

84
00:03:51,760 --> 00:03:56,320
Speaker 7: If one side continues to change its demands, including making

85
00:03:56,360 --> 00:04:00,360
Speaker 7: demands and insisting on changes for things that had already apted.

86
00:04:01,200 --> 00:04:04,200
Speaker 7: You have to question whether they're preceding in good feet.

87
00:04:04,440 --> 00:04:06,000
Speaker 3: I think you do. And then we have the Russians

88
00:04:06,000 --> 00:04:08,360
Speaker 3: who have sent some heavyweight machinery to Cubah.

89
00:04:08,360 --> 00:04:10,640
Speaker 8: The ship directly behind me is a rescue ship and

90
00:04:10,720 --> 00:04:13,480
Speaker 8: icebreaker which does not have much use in the Caribbean.

91
00:04:13,720 --> 00:04:15,960
Speaker 8: And then behind that is the nuclear power and sub

92
00:04:15,960 --> 00:04:20,240
Speaker 8: the Kazan, something Cuban said they've never seen before.

93
00:04:20,839 --> 00:04:25,520
Speaker 3: Right. Finally, the robots have risen eight year old from Oklahoma. Paralyzed.

94
00:04:25,560 --> 00:04:28,599
Speaker 3: Brain damage meant she couldn't couldn't walk, couldn't sit up

95
00:04:28,600 --> 00:04:30,640
Speaker 3: on her own. However, in a world first this morning,

96
00:04:30,640 --> 00:04:33,000
Speaker 3: a robot was used to fit an electrical implant to

97
00:04:33,080 --> 00:04:34,560
Speaker 3: a brain. As a result of that, the girl can

98
00:04:34,600 --> 00:04:36,680
Speaker 3: now move her body, lift her arms above her head.

99
00:04:36,880 --> 00:04:38,479
Speaker 3: Not to say this is going to be first in many,

100
00:04:38,480 --> 00:04:41,719
Speaker 3: many cases worldwide of robots being involved in this procedure.

101
00:04:42,360 --> 00:04:46,440
Speaker 3: News of the World of ninety Yeah, mister Powell, didn't move,

102
00:04:46,520 --> 00:04:49,880
Speaker 3: no move. And the word is it's not three cuts,

103
00:04:50,000 --> 00:04:53,000
Speaker 3: it's not two cuts this year, it's one. So it's

104
00:04:53,000 --> 00:04:55,680
Speaker 3: on hold in one cut. Meantime, the UK economic growth

105
00:04:55,720 --> 00:04:57,640
Speaker 3: has ground to a holt in April, just what Rishi

106
00:04:57,680 --> 00:05:00,560
Speaker 3: needs ahead of tonight's chap. In line with the expectations

107
00:05:00,600 --> 00:05:02,839
Speaker 3: there to be fair constructions down one point four percent.

108
00:05:03,240 --> 00:05:05,560
Speaker 3: It did expand zero point four percent in March, so

109
00:05:05,600 --> 00:05:08,719
Speaker 3: she's tempered, to say the least more. Shortly twelve past six,

110
00:05:10,120 --> 00:05:13,320
Speaker 3: the mac costing Breakfast Macrons also had a very busy day.

111
00:05:13,400 --> 00:05:15,400
Speaker 3: Seems to be some sort of rumor circulating that it

112
00:05:15,520 --> 00:05:17,480
Speaker 3: was having called the snap election of his party does

113
00:05:17,520 --> 00:05:19,880
Speaker 3: particularly badly. He'll have to quit. He wanted to affirm

114
00:05:19,920 --> 00:05:21,599
Speaker 3: this is not the case. The chance of that happening

115
00:05:21,640 --> 00:05:25,240
Speaker 3: never existed. The suggesting is absurd. He's not quitting, so

116
00:05:25,320 --> 00:05:29,159
Speaker 3: no matter how messy it gets, he doesn't take any

117
00:05:29,240 --> 00:05:32,560
Speaker 3: level of responsibility. He wanted to nip the idea in

118
00:05:32,640 --> 00:05:37,640
Speaker 3: the bud fifteen past six, Agree bare back now, j

119
00:05:37,760 --> 00:05:40,960
Speaker 3: am I Wealth Andrew callaher good morning, very good morning,

120
00:05:41,000 --> 00:05:43,159
Speaker 3: mikel a hold and we're down to what I'm thinking

121
00:05:43,200 --> 00:05:44,359
Speaker 3: you saying one cut oz.

122
00:05:44,200 --> 00:05:48,359
Speaker 9: He yeah, So look, I mean, the market wasn't expecting

123
00:05:48,520 --> 00:05:50,520
Speaker 9: too much. It's been quite a busy night out there

124
00:05:51,120 --> 00:05:54,200
Speaker 9: in market land. Because he had the release of the

125
00:05:54,320 --> 00:05:58,279
Speaker 9: US CPI earlier in the evening, which evoked some quite

126
00:05:58,360 --> 00:06:01,599
Speaker 9: large market moves, and then we have literally just hot

127
00:06:01,600 --> 00:06:05,480
Speaker 9: off the press, had the move in the Fed Funds announcement.

128
00:06:05,640 --> 00:06:09,280
Speaker 9: So as I said, market was expecting Fed to be neutral.

129
00:06:09,640 --> 00:06:12,599
Speaker 9: They've held rates steady. They target the Fed Funds rate

130
00:06:12,720 --> 00:06:14,400
Speaker 9: in a range of five and acord to five and

131
00:06:14,400 --> 00:06:14,839
Speaker 9: a half.

132
00:06:15,680 --> 00:06:16,720
Speaker 10: They've kept with the.

133
00:06:16,680 --> 00:06:20,760
Speaker 9: Words of inflation has made modest further progress, and we'll

134
00:06:20,760 --> 00:06:23,720
Speaker 9: talk more about that in a minute. Yeah, these medium forecasts,

135
00:06:23,720 --> 00:06:25,960
Speaker 9: the old, good old famous dot plots.

136
00:06:26,279 --> 00:06:28,320
Speaker 10: So you've now got one rate.

137
00:06:28,240 --> 00:06:31,599
Speaker 9: Cut implied in the dot pots for twenty twenty four,

138
00:06:31,680 --> 00:06:34,840
Speaker 9: and then four rate cuts in twenty twenty five.

139
00:06:34,960 --> 00:06:37,200
Speaker 10: Now you go back to March.

140
00:06:36,920 --> 00:06:41,240
Speaker 9: The previous forecast had three rate cuts, then you had

141
00:06:41,240 --> 00:06:44,040
Speaker 9: the CPI come out, and the market was probably factoring

142
00:06:44,080 --> 00:06:48,599
Speaker 9: in two. So it's mildly hawkish that you're now any

143
00:06:48,680 --> 00:06:53,120
Speaker 9: projecting one rate cut over the rest of twenty twenty four. However,

144
00:06:53,560 --> 00:06:55,599
Speaker 9: that is sort of balanced by the fact that it's

145
00:06:55,640 --> 00:06:58,880
Speaker 9: really a timing issue because you've just shunted one into

146
00:06:58,880 --> 00:07:01,520
Speaker 9: twenty twenty five. Now, I had seven straight meetings with

147
00:07:02,080 --> 00:07:03,680
Speaker 9: the Fed Funds rate at the current level.

148
00:07:03,720 --> 00:07:05,719
Speaker 10: They're still saying that they.

149
00:07:05,560 --> 00:07:10,520
Speaker 9: Need greater confidence that inflation is moving sustainably towards two percent.

150
00:07:10,560 --> 00:07:13,000
Speaker 9: You've got an economic growth projection of twenty twenty four

151
00:07:13,080 --> 00:07:15,880
Speaker 9: for the US of two point one percent. Right now,

152
00:07:16,440 --> 00:07:18,960
Speaker 9: I think the market is probably thinking that growth in

153
00:07:18,960 --> 00:07:20,880
Speaker 9: the US is traveling a little bit higher than that.

154
00:07:21,480 --> 00:07:23,520
Speaker 9: You had some pretty strong gains which I'll talk about

155
00:07:23,520 --> 00:07:26,160
Speaker 9: in a minute after the CPI and interest rates sort

156
00:07:26,160 --> 00:07:31,200
Speaker 9: of holding those gains. There's a technical sort of thing

157
00:07:31,240 --> 00:07:34,320
Speaker 9: in here that they the longer run estimate. So if

158
00:07:34,320 --> 00:07:36,760
Speaker 9: we're looking out longer term of the Fed funds rate,

159
00:07:37,560 --> 00:07:39,520
Speaker 9: if you go back a few months, or you go

160
00:07:39,600 --> 00:07:41,680
Speaker 9: back sometime, you were looking at a long run estimate

161
00:07:41,720 --> 00:07:42,720
Speaker 9: of two point five.

162
00:07:43,280 --> 00:07:45,400
Speaker 10: That now long run estimate has gone up to sort

163
00:07:45,400 --> 00:07:46,160
Speaker 10: of two point eight.

164
00:07:46,200 --> 00:07:48,760
Speaker 9: So they're sort of nudging up how low they think

165
00:07:48,800 --> 00:07:50,720
Speaker 9: it can get. But all in all, I don't think

166
00:07:50,760 --> 00:07:52,560
Speaker 9: the market's going to react too much to this.

167
00:07:52,600 --> 00:07:54,480
Speaker 10: Pretty much steady as she goes.

168
00:07:54,360 --> 00:07:56,320
Speaker 3: Okay, and the CPI came in about where they thought

169
00:07:56,320 --> 00:07:56,600
Speaker 3: it would.

170
00:07:57,440 --> 00:08:00,840
Speaker 9: Yeah, Well, CPI inflation data at least earlier on in

171
00:08:00,880 --> 00:08:02,800
Speaker 9: the session it was benign, and that would have been

172
00:08:02,800 --> 00:08:04,720
Speaker 9: I think a pleasant surprise for the Fed as they

173
00:08:04,840 --> 00:08:07,800
Speaker 9: prepared for the release of that interest rate announcement. So

174
00:08:07,920 --> 00:08:10,600
Speaker 9: two measures we look at. We look at headline CPI

175
00:08:10,600 --> 00:08:13,080
Speaker 9: and we look at core CPI. The core excludes the

176
00:08:13,240 --> 00:08:16,440
Speaker 9: more volatile food and energy costs CPI. The headline for

177
00:08:16,480 --> 00:08:19,480
Speaker 9: the month of May was flat zero and has increased

178
00:08:19,520 --> 00:08:21,920
Speaker 9: three point three percent year on year. Looking at the

179
00:08:21,960 --> 00:08:24,320
Speaker 9: core CPI is zero point two percent in year on

180
00:08:24,400 --> 00:08:30,280
Speaker 9: year three point four percent. Importantly, those were slightly lower

181
00:08:30,320 --> 00:08:34,520
Speaker 9: than expected. So the context here is this progress on

182
00:08:35,000 --> 00:08:38,800
Speaker 9: lower inflation because it had been stalling. You've now had

183
00:08:38,840 --> 00:08:44,400
Speaker 9: a couple of months without spectacular falls, but broadly decelerating,

184
00:08:44,400 --> 00:08:46,439
Speaker 9: and I guess sort of taking a step back here, Mike.

185
00:08:46,480 --> 00:08:49,360
Speaker 9: The problem with the problem with a soft landing scenario

186
00:08:50,160 --> 00:08:52,040
Speaker 9: is that you're going to get you know, well, at

187
00:08:52,040 --> 00:08:53,760
Speaker 9: the same time you're going to you want to see

188
00:08:53,760 --> 00:08:56,480
Speaker 9: the inflation moderating. If it's a soft landing, you're going

189
00:08:56,559 --> 00:08:58,319
Speaker 9: to get other numbers which are going to look a

190
00:08:58,440 --> 00:09:00,880
Speaker 9: little frothy, and the job report over the leak and

191
00:09:00,920 --> 00:09:03,720
Speaker 9: is that case in point So, so the Fed is

192
00:09:03,760 --> 00:09:06,440
Speaker 9: really going to see more clear evidence. So it's going

193
00:09:06,480 --> 00:09:09,640
Speaker 9: to see several months, so two probably isn't quite enough.

194
00:09:10,200 --> 00:09:12,480
Speaker 9: The good news in those CPI numbers is that the

195
00:09:12,559 --> 00:09:14,760
Speaker 9: decline seems to be quite broad based. There wasn't one

196
00:09:14,840 --> 00:09:17,120
Speaker 9: or two categories contributing to it.

197
00:09:17,760 --> 00:09:20,640
Speaker 10: At the end of the day, the.

198
00:09:19,920 --> 00:09:23,120
Speaker 9: Share markers reacted pretty positively and we have seen interest

199
00:09:23,200 --> 00:09:24,360
Speaker 9: rates quite a bit lower.

200
00:09:24,440 --> 00:09:26,319
Speaker 3: Okay, give us a couple of seconds on this migration.

201
00:09:26,640 --> 00:09:28,440
Speaker 3: I mean, so they're still coming in, but my word,

202
00:09:28,480 --> 00:09:29,760
Speaker 3: there's a lot of us leaving, isn't it.

203
00:09:30,440 --> 00:09:33,360
Speaker 9: Yeah, Look, look, direction of travel I think is changing.

204
00:09:33,400 --> 00:09:36,760
Speaker 9: Migration is calling, so you could call you could call

205
00:09:36,880 --> 00:09:40,199
Speaker 9: a change in trend. Within the bigger picture year there's

206
00:09:40,200 --> 00:09:43,040
Speaker 9: a notable features record number of New Zealand is departing.

207
00:09:43,080 --> 00:09:45,840
Speaker 9: So the fact that the modern that migration is calling

208
00:09:45,960 --> 00:09:47,959
Speaker 9: is that, you know, we've got less people coming. But

209
00:09:48,320 --> 00:09:51,320
Speaker 9: within that we've got this rather worrying aspect of New

210
00:09:51,400 --> 00:09:55,160
Speaker 9: Zealand's going. So two hundred and forty four the raw

211
00:09:55,200 --> 00:09:58,240
Speaker 9: numbers seasonally just three hundred and eighty that's for the month,

212
00:09:58,320 --> 00:10:01,840
Speaker 9: so you've got a big discrepancy there and at annual

213
00:10:01,920 --> 00:10:04,560
Speaker 9: number just under one hundred thousand, ninety eight thousand, call

214
00:10:04,600 --> 00:10:05,439
Speaker 9: it one hundred.

215
00:10:05,920 --> 00:10:08,839
Speaker 10: Well, below the peak peak sort of annual.

216
00:10:08,600 --> 00:10:10,400
Speaker 9: Number that we were seeing last year, which is why

217
00:10:10,440 --> 00:10:12,920
Speaker 9: I think you can be confident in calling that change

218
00:10:12,920 --> 00:10:16,200
Speaker 9: in trend okay numbers please, so as we look at it,

219
00:10:16,240 --> 00:10:18,920
Speaker 9: the Dow Jones is up thirty two points thirty eight thousand,

220
00:10:19,000 --> 00:10:21,400
Speaker 9: seven hundred and seventy nine. The S and P five

221
00:10:21,480 --> 00:10:24,880
Speaker 9: hundred is up almost one percent for five thousand, four

222
00:10:24,960 --> 00:10:25,760
Speaker 9: hundred and twenty three.

223
00:10:25,800 --> 00:10:28,199
Speaker 10: But the Nasacks had a good day in response to

224
00:10:28,240 --> 00:10:29,480
Speaker 10: that low inflation numbers.

225
00:10:29,480 --> 00:10:31,719
Speaker 9: It's up three hundred and thirteen points one point eight

226
00:10:31,720 --> 00:10:35,040
Speaker 9: percent seventeen thousand, six hundred.

227
00:10:34,800 --> 00:10:36,079
Speaker 10: And fifty five overnight.

228
00:10:36,080 --> 00:10:38,400
Speaker 9: The forty one hundred game point eight of percent eight

229
00:10:38,480 --> 00:10:43,000
Speaker 9: two one five. The NICK lost point six six percent.

230
00:10:43,000 --> 00:10:45,480
Speaker 9: That's two hundred and fifty eight points three eight eight

231
00:10:45,720 --> 00:10:49,120
Speaker 9: seven six. Shang High Composite was up point three percent

232
00:10:49,160 --> 00:10:52,000
Speaker 9: three or three seven. The Aussies yesday lost half a percent.

233
00:10:52,640 --> 00:10:55,199
Speaker 9: That sound forty points seven seven one five. We also

234
00:10:55,320 --> 00:10:59,280
Speaker 9: lost point three seven percent on the insects. Fifty eleven thousand,

235
00:10:59,640 --> 00:11:02,800
Speaker 9: seven one hundred and forty one Kimi dollar Now Kimi dollar.

236
00:11:02,559 --> 00:11:04,320
Speaker 10: Moved quite a lot when the CPI came out.

237
00:11:04,360 --> 00:11:07,600
Speaker 9: It was setting at sixty one forty against the US.

238
00:11:07,800 --> 00:11:10,000
Speaker 9: It went up to sixty two cents, and it's just

239
00:11:10,080 --> 00:11:12,800
Speaker 9: come down below sixty two cent point sixty one nine

240
00:11:12,880 --> 00:11:15,679
Speaker 9: nine where at point nine to two eight zero against the Aussie,

241
00:11:15,880 --> 00:11:18,000
Speaker 9: point five to seven three oz against the Euro, point

242
00:11:18,000 --> 00:11:20,800
Speaker 9: four eighty three eight pounds ninety six point eight four

243
00:11:20,800 --> 00:11:23,800
Speaker 9: against the Japanese end gold is trading at twenty three

244
00:11:23,880 --> 00:11:26,959
Speaker 9: hundred and twenty six dollars Brent crud eighty two dollars

245
00:11:26,960 --> 00:11:28,920
Speaker 9: and seventy nine cents see tomorrow.

246
00:11:28,960 --> 00:11:32,720
Speaker 3: Andrew kelliher Jmowealth dot co dot n Z. Pascal, you've

247
00:11:32,720 --> 00:11:34,840
Speaker 3: missed the World Bank update. The world's going to grow

248
00:11:34,840 --> 00:11:36,679
Speaker 3: a little bit faster this year. They've gone from two

249
00:11:36,720 --> 00:11:38,680
Speaker 3: point four to two point six, which is good. The

250
00:11:38,679 --> 00:11:40,439
Speaker 3: poorest country is the ones in trouble. They got the

251
00:11:40,440 --> 00:11:42,840
Speaker 3: heavy det in the high interest rates. Of course, US

252
00:11:42,920 --> 00:11:45,360
Speaker 3: is driving eighty percent of that increase, so the US,

253
00:11:45,520 --> 00:11:49,400
Speaker 3: thank you very much. Emerging market developing countries collectively growing

254
00:11:49,480 --> 00:11:53,480
Speaker 3: about four percent. That's down from four point two. China

255
00:11:53,800 --> 00:11:56,240
Speaker 3: down to four point eight from five point two, Latin

256
00:11:56,240 --> 00:11:59,800
Speaker 3: America down to one point eight from two point two.

257
00:12:00,120 --> 00:12:03,760
Speaker 3: Euro barely moving at zero point seven. Japan down to

258
00:12:03,880 --> 00:12:06,679
Speaker 3: zero point seven from one point nine. So it's America

259
00:12:06,720 --> 00:12:10,839
Speaker 3: basically in America alone. Six twenty one hered newstalk Z.

260
00:12:15,000 --> 00:12:16,960
Speaker 1: The Make Hosking Breakfast.

261
00:12:16,679 --> 00:12:19,320
Speaker 3: A bit of transport news for you boeing the seven

262
00:12:19,400 --> 00:12:22,079
Speaker 3: three seven Max. They can't sell one for love nor money.

263
00:12:22,080 --> 00:12:25,760
Speaker 3: Second month in a row that they've received zero orders GM.

264
00:12:25,880 --> 00:12:28,600
Speaker 3: Yesterday internationally they trimmed their twenty twenty four fore cast

265
00:12:28,600 --> 00:12:31,319
Speaker 3: for evs. They were thinking they were selling up three

266
00:12:31,360 --> 00:12:33,760
Speaker 3: hundred thousand of them this year. They paired that back

267
00:12:33,800 --> 00:12:35,720
Speaker 3: to two hundred and fifty thousand. They thought they were

268
00:12:35,720 --> 00:12:38,360
Speaker 3: going to be eighteen percent of sales. Is going to

269
00:12:38,360 --> 00:12:41,240
Speaker 3: be about eight percent of sales. The EU have come

270
00:12:41,280 --> 00:12:43,679
Speaker 3: in overnight. I'll warned you of this yesterday. They came

271
00:12:43,720 --> 00:12:46,040
Speaker 3: in overnight. These are the tariffs on the Chinese evs.

272
00:12:46,080 --> 00:12:48,800
Speaker 3: Of course, it's tied and directly with the premiere arriving

273
00:12:48,840 --> 00:12:50,840
Speaker 3: in this country. Not that we make any cars in

274
00:12:50,840 --> 00:12:53,360
Speaker 3: this country anymore, but nevertheless, it's the whole trade thing

275
00:12:53,440 --> 00:12:55,680
Speaker 3: is going to be front and center. Anyway. The Europeans

276
00:12:55,720 --> 00:12:58,240
Speaker 3: came in at thirty eight point one percent, which is

277
00:12:58,360 --> 00:13:01,240
Speaker 3: right at the bottom end, and the suggestion was it

278
00:13:01,240 --> 00:13:03,360
Speaker 3: could go as high as fifty. They don't think it would,

279
00:13:03,360 --> 00:13:06,680
Speaker 3: but it could, and forty was probable, so anywhere between

280
00:13:06,720 --> 00:13:08,480
Speaker 3: thirty and forty, so thirty eight point one. They'll give

281
00:13:08,480 --> 00:13:10,080
Speaker 3: it that a work and give her a wool and

282
00:13:10,240 --> 00:13:13,400
Speaker 3: see if it comes to anything. But the argument was

283
00:13:13,440 --> 00:13:15,760
Speaker 3: that the Chinese, because of the government involving in the

284
00:13:15,760 --> 00:13:18,720
Speaker 3: ev market, they could handle fifty percent before they sweat,

285
00:13:18,720 --> 00:13:21,400
Speaker 3: so they're not going to sweat, presumably. Sex twenty six.

286
00:13:21,800 --> 00:13:26,840
Speaker 2: Trending now with chemist Wells keeping Kiwi's healthy all year round.

287
00:13:26,880 --> 00:13:28,960
Speaker 3: Peddington Bear is back. Last time we saw him as

288
00:13:28,960 --> 00:13:31,680
Speaker 3: twenty seventeen Paddington and Peru. This one is and it

289
00:13:31,720 --> 00:13:33,120
Speaker 3: sees him travel to visit his.

290
00:13:33,280 --> 00:13:35,000
Speaker 1: Aunt, dear Aunt Lucy.

291
00:13:36,200 --> 00:13:38,240
Speaker 11: I have very important news.

292
00:13:38,920 --> 00:13:42,880
Speaker 10: We're coming to visit you. The Browns are coming to Peru.

293
00:13:43,640 --> 00:13:44,200
Speaker 12: On Lucy.

294
00:13:45,559 --> 00:13:48,319
Speaker 5: I'm afraid she set off on some sort of quest

295
00:13:48,600 --> 00:13:51,000
Speaker 5: deep in the jungle and we have no idea.

296
00:13:50,760 --> 00:13:51,280
Speaker 13: Where she is.

297
00:13:51,520 --> 00:13:53,320
Speaker 1: Aunt Lucy found me when I was a cob.

298
00:13:53,520 --> 00:13:54,800
Speaker 10: Now I have to find her.

299
00:13:54,840 --> 00:14:01,960
Speaker 9: But the Amazon is quite large.

300
00:14:02,200 --> 00:14:04,520
Speaker 14: We have to try, and I have faith that you

301
00:14:04,520 --> 00:14:08,040
Speaker 14: will survive with me.

302
00:14:08,160 --> 00:14:10,480
Speaker 11: Or is it getting a bit shopping are appeared to

303
00:14:10,520 --> 00:14:11,640
Speaker 11: be driving the boat.

304
00:14:14,920 --> 00:14:16,199
Speaker 1: Welcome to Perul.

305
00:14:17,800 --> 00:14:21,120
Speaker 3: All the names about Hubonofild, Emily Mortimartin, Olivia Coleman and

306
00:14:21,160 --> 00:14:24,240
Speaker 3: Julie Walters. Out in UK cinemas, this is the bad news,

307
00:14:24,280 --> 00:14:28,400
Speaker 3: unfortunately out in UK cinemas November eight, UK theaters US

308
00:14:28,480 --> 00:14:33,520
Speaker 3: theaters rather US theaters Jen seventeen and then coming soon internationally.

309
00:14:33,520 --> 00:14:35,120
Speaker 3: Do they not have enough copies of them or something?

310
00:14:35,120 --> 00:14:37,160
Speaker 3: Are they as the photocopy of broken On and what's

311
00:14:37,200 --> 00:14:39,680
Speaker 3: going on there? Andrew Hoggart, he's a Minister of a

312
00:14:39,680 --> 00:14:41,360
Speaker 3: bunch of stuff to do with rural New Zealand. But

313
00:14:41,360 --> 00:14:43,080
Speaker 3: one of the things he is in charge of his

314
00:14:43,120 --> 00:14:45,680
Speaker 3: food safety. Are some new rule changes around that that's

315
00:14:45,720 --> 00:14:47,920
Speaker 3: going to help us. The red tape has been cut.

316
00:14:48,080 --> 00:14:50,000
Speaker 3: More shortly, You're.

317
00:14:49,880 --> 00:14:54,040
Speaker 2: Trusted Home the News for Entertainment's Opinion and Mike the

318
00:14:54,240 --> 00:14:57,880
Speaker 2: Mike Hosking Breakfast with our Veda Live the Age You

319
00:14:57,920 --> 00:14:59,520
Speaker 2: Feel News talks.

320
00:14:59,360 --> 00:15:03,960
Speaker 3: Edb Central Banks, the EU's gone and kat Canada's cats

321
00:15:03,960 --> 00:15:05,720
Speaker 3: at the Bank of England's close. But of course this

322
00:15:05,800 --> 00:15:08,240
Speaker 3: morning we've found from Jerome pell there is no captain.

323
00:15:08,320 --> 00:15:09,960
Speaker 3: Part of the reason that there is no captains. I

324
00:15:10,040 --> 00:15:11,680
Speaker 3: alluded to a moment ago with the podcast from the

325
00:15:11,680 --> 00:15:14,560
Speaker 3: World Bank, is the economy is going so well, it's

326
00:15:14,600 --> 00:15:15,080
Speaker 3: good news.

327
00:15:15,280 --> 00:15:18,320
Speaker 15: Overall, a broad set of indicators suggests that conditions in

328
00:15:18,360 --> 00:15:21,000
Speaker 15: the labor market have returned to about where they stood

329
00:15:21,480 --> 00:15:25,320
Speaker 15: on the eve of the pandemic, relatively tight but not overheated.

330
00:15:27,440 --> 00:15:31,480
Speaker 15: FMC participants expect labor markets straight to continue. The median

331
00:15:31,560 --> 00:15:34,800
Speaker 15: unemployment rate projection in the SEP is four point zero

332
00:15:34,800 --> 00:15:37,280
Speaker 15: percent at the end of this year and four point

333
00:15:37,320 --> 00:15:40,960
Speaker 15: two percent at the end of next year. Inflation is

334
00:15:40,960 --> 00:15:43,800
Speaker 15: eased notably over the past two years, but remains above

335
00:15:43,880 --> 00:15:45,680
Speaker 15: our longer run goal of two percent.

336
00:15:48,560 --> 00:15:50,880
Speaker 3: I bet you'd be fun at the party that twenty

337
00:15:50,920 --> 00:15:54,520
Speaker 3: three minutes AWI from seven G seven Big deal in Italy.

338
00:15:54,680 --> 00:15:56,880
Speaker 3: Joe McKinnon is there and we'll got a shortly many

339
00:15:56,920 --> 00:15:59,320
Speaker 3: time back on new exemption proposal for food export. Who's

340
00:15:59,320 --> 00:16:01,880
Speaker 3: going to be put out for consultation. So currently food

341
00:16:01,880 --> 00:16:04,760
Speaker 3: produced for sale and export needs to meet domestic standards

342
00:16:04,800 --> 00:16:07,920
Speaker 3: and if food for exporters produced to meet other country standards,

343
00:16:07,920 --> 00:16:10,040
Speaker 3: they have to apply to MPI for an exemption. Now

344
00:16:10,080 --> 00:16:13,040
Speaker 3: the government wants to remove the requirement for individual export

345
00:16:13,040 --> 00:16:16,240
Speaker 3: exemption applications and assessments by MPI. The Food Safety Minister,

346
00:16:16,280 --> 00:16:18,480
Speaker 3: Andrew Hogart is with us. Andrew, very good morning to you.

347
00:16:19,040 --> 00:16:19,640
Speaker 12: Good morning Mike.

348
00:16:19,720 --> 00:16:21,720
Speaker 3: So basically what we're doing is cutting red tape here

349
00:16:22,600 --> 00:16:23,200
Speaker 3: pretty much.

350
00:16:23,720 --> 00:16:26,680
Speaker 16: There was an early request from particularly the dairy sector.

351
00:16:26,960 --> 00:16:28,800
Speaker 16: A number of the companies came to me and said,

352
00:16:28,840 --> 00:16:32,120
Speaker 16: the missing out on market opportunities and it's making it

353
00:16:32,160 --> 00:16:34,160
Speaker 16: hard for them to be able to get product to

354
00:16:34,240 --> 00:16:37,320
Speaker 16: the market quickly, so other countries are looking elsewhere. So

355
00:16:37,400 --> 00:16:40,360
Speaker 16: it just seemed like a really simple one to move

356
00:16:40,400 --> 00:16:43,520
Speaker 16: on as quickly as I could and come up with

357
00:16:43,560 --> 00:16:45,040
Speaker 16: some better options for them.

358
00:16:45,080 --> 00:16:49,120
Speaker 3: What was the argument for it, I'm not sure.

359
00:16:49,160 --> 00:16:51,000
Speaker 16: There wasn't a It's just how it was done.

360
00:16:52,320 --> 00:16:52,560
Speaker 14: Yeah.

361
00:16:52,920 --> 00:16:54,520
Speaker 16: It was sort of one of those things that had

362
00:16:55,040 --> 00:16:58,120
Speaker 16: I think been stuck there and stayed there, and no

363
00:16:58,160 --> 00:16:59,080
Speaker 16: one was quite sure why.

364
00:16:59,160 --> 00:17:02,160
Speaker 3: Okay, when you talk about consultation, is there consultation You're

365
00:17:02,200 --> 00:17:03,200
Speaker 3: just going to get on and do it.

366
00:17:04,119 --> 00:17:05,960
Speaker 16: Oh no, No, We've got to go through a couple

367
00:17:06,000 --> 00:17:09,960
Speaker 16: of weeks of consultation. There is some differing options in

368
00:17:09,960 --> 00:17:14,080
Speaker 16: there as to how this could be applied. And also,

369
00:17:14,160 --> 00:17:15,680
Speaker 16: I mean most of our contact has been with the

370
00:17:15,760 --> 00:17:18,760
Speaker 16: dairy sector, who have been the industry sort of most

371
00:17:18,760 --> 00:17:23,760
Speaker 16: impacted by this, So opportunity for any other sectors that

372
00:17:24,720 --> 00:17:29,119
Speaker 16: haven't really been utilizing the system or talking to us

373
00:17:29,119 --> 00:17:30,760
Speaker 16: about it to actually pipe up as well.

374
00:17:30,880 --> 00:17:32,639
Speaker 3: Okay, what's the time frame on it? When does it

375
00:17:32,680 --> 00:17:34,080
Speaker 3: go and when does it make a difference?

376
00:17:35,720 --> 00:17:38,879
Speaker 16: I would hope. I'm still learning the rules as to

377
00:17:39,000 --> 00:17:42,199
Speaker 16: how all of these timings and things work, but my

378
00:17:42,280 --> 00:17:45,280
Speaker 16: understanding is once that consultation's over and we can get

379
00:17:45,280 --> 00:17:51,160
Speaker 16: a clear, agreed pathway, hopefully, I would hope sometime next

380
00:17:51,240 --> 00:17:53,040
Speaker 16: year or as sooner than that if possible.

381
00:17:53,160 --> 00:17:55,840
Speaker 3: Excellent. While I've got you in your rural hat on

382
00:17:55,960 --> 00:17:58,640
Speaker 3: in general terms and europe field days, this banking inquired

383
00:17:58,680 --> 00:18:00,960
Speaker 3: has been announcement. We'll talk to nicola Us about it shortly.

384
00:18:01,359 --> 00:18:04,320
Speaker 3: The mood of the farmer and the social license of

385
00:18:04,359 --> 00:18:06,920
Speaker 3: the banks, is there a real issue?

386
00:18:07,600 --> 00:18:10,000
Speaker 16: There's definitely an issue here. You know, when I was

387
00:18:10,040 --> 00:18:12,840
Speaker 16: in my old job, I had to talk about the

388
00:18:12,840 --> 00:18:16,240
Speaker 16: banking survey every six months, and it just how I

389
00:18:16,280 --> 00:18:20,320
Speaker 16: was repeating myself every single time. The trend was just

390
00:18:20,600 --> 00:18:25,240
Speaker 16: going down, going down, going down. There is definitely a

391
00:18:25,440 --> 00:18:30,400
Speaker 16: mood of dissatisfaction amongst farmers around how the banks are

392
00:18:30,560 --> 00:18:34,720
Speaker 16: working with them, and I guess the margins in particular

393
00:18:34,840 --> 00:18:38,719
Speaker 16: recently have really the additional margins over house lending has

394
00:18:38,800 --> 00:18:41,639
Speaker 16: really hurt a lot of farmers, particularly with where interest

395
00:18:41,720 --> 00:18:45,000
Speaker 16: rates are at the moment. So from a lot of people,

396
00:18:45,320 --> 00:18:48,119
Speaker 16: the main concern they're telling us is, you know, interest

397
00:18:48,160 --> 00:18:51,120
Speaker 16: rates are the key thing that's creating the hurt right now,

398
00:18:51,480 --> 00:18:53,399
Speaker 16: and more so than yeah, you're.

399
00:18:53,280 --> 00:18:56,200
Speaker 3: Meeting the Chinese premier among others today, Are you bullish

400
00:18:56,320 --> 00:18:59,480
Speaker 3: on trade with China in general? From your particular perspective

401
00:18:59,520 --> 00:19:00,760
Speaker 3: they court, et cetera.

402
00:19:01,800 --> 00:19:04,560
Speaker 16: I think it's been there's been a really good long

403
00:19:04,640 --> 00:19:10,879
Speaker 16: term customer for New Zealand, and my expectation as we

404
00:19:10,920 --> 00:19:15,520
Speaker 16: can continue to build on that relationship and keep sending

405
00:19:15,920 --> 00:19:21,200
Speaker 16: higher value products there as their economy comes right and

406
00:19:22,359 --> 00:19:24,520
Speaker 16: get more and more middle class people there wanting to

407
00:19:24,560 --> 00:19:28,680
Speaker 16: buy good nutrition from New Zealand. So I think there's

408
00:19:28,720 --> 00:19:31,439
Speaker 16: deffinite upside and there's obviously other markets we need to

409
00:19:31,480 --> 00:19:33,000
Speaker 16: be working on as well around the world.

410
00:19:33,040 --> 00:19:35,159
Speaker 3: Good and speaking of the field days, good reaction to

411
00:19:35,200 --> 00:19:36,320
Speaker 3: the ets.

412
00:19:35,800 --> 00:19:40,479
Speaker 16: Move, Oh yeah, lots of handshaking and back patting and

413
00:19:41,000 --> 00:19:44,560
Speaker 16: well done and other sort of happy sounding grunt noises

414
00:19:44,720 --> 00:19:46,320
Speaker 16: coming from farmers that go past me.

415
00:19:46,359 --> 00:19:49,159
Speaker 3: Yep as to talk to you again. Andrew Hogger, the

416
00:19:49,160 --> 00:19:51,760
Speaker 3: Food Safety Minister, among other things, of course, nineteen minutes

417
00:19:51,760 --> 00:19:55,240
Speaker 3: away from seven scar. Speaking of which, massive opportunities, KPMG

418
00:19:55,320 --> 00:19:59,639
Speaker 3: put out a report yesterday, Today's potential Tomorrow's possibilities we

419
00:19:59,720 --> 00:20:01,679
Speaker 3: earn by the way, fifty let's call it fifty eight

420
00:20:01,720 --> 00:20:04,600
Speaker 3: fifty seven point four fifty eight billion dollars in exports sector.

421
00:20:04,600 --> 00:20:07,520
Speaker 3: Needed to capitalize on New Zealand's global reputation as a

422
00:20:07,560 --> 00:20:11,320
Speaker 3: top food producer and leader, to include farmers diversifying their income.

423
00:20:11,560 --> 00:20:13,439
Speaker 3: Got to install the solar panels, got to use the

424
00:20:13,440 --> 00:20:18,480
Speaker 3: digital technologies like Regenitive AI to drive farm efficiencies. Acknowledged

425
00:20:18,520 --> 00:20:21,359
Speaker 3: good focus from the coalition government and opening up gene editing,

426
00:20:21,760 --> 00:20:25,119
Speaker 3: biological technologies, cutting red tape which was just talked about

427
00:20:25,359 --> 00:20:28,479
Speaker 3: for things like resource consents, water storage, Strengthening New Zealand's

428
00:20:28,520 --> 00:20:32,640
Speaker 3: international trade relationships. And here's the worrying point. The global

429
00:20:32,640 --> 00:20:36,000
Speaker 3: food system, they say in this report, is moving forward

430
00:20:36,040 --> 00:20:39,159
Speaker 3: at pace, but there's little evidence that New Zealand is

431
00:20:39,240 --> 00:20:41,440
Speaker 3: keeping up with a transformation, so we need to pull

432
00:20:41,440 --> 00:20:45,159
Speaker 3: our finger out. Get oreck together. Eighteen to two, the

433
00:20:45,400 --> 00:20:48,480
Speaker 3: mic Costing, Breakfast Moddering MIKEA. A lot of my friends

434
00:20:48,600 --> 00:20:51,199
Speaker 3: kids would have done their owe when COVID started and

435
00:20:51,240 --> 00:20:52,920
Speaker 3: we got shut down, so they're all doing it now.

436
00:20:53,000 --> 00:20:54,879
Speaker 3: I think there's just a lot of leaving at the

437
00:20:54,880 --> 00:20:56,400
Speaker 3: moment to catch up with the time that was lost.

438
00:20:56,440 --> 00:20:58,200
Speaker 3: I've got two of my three children living in London,

439
00:20:58,240 --> 00:21:00,520
Speaker 3: or living rather in London and Berlin the gateway to

440
00:21:00,560 --> 00:21:03,159
Speaker 3: all their travel. There's probably something with that, but we'll

441
00:21:03,160 --> 00:21:05,960
Speaker 3: look at it. I just find it apart from anything else,

442
00:21:06,000 --> 00:21:07,960
Speaker 3: I just find it embarrassing that so many people want

443
00:21:07,960 --> 00:21:10,320
Speaker 3: to scarper out of this country and there is I

444
00:21:10,320 --> 00:21:12,320
Speaker 3: think the bank's right when they said yesterday we've lost

445
00:21:12,320 --> 00:21:15,760
Speaker 3: our edge, we've lost our luster. I think that's refutable now.

446
00:21:15,800 --> 00:21:16,720
Speaker 3: Six footy five.

447
00:21:17,040 --> 00:21:20,920
Speaker 2: International correspondence with ends and eye Insurance Peace of Mind

448
00:21:20,960 --> 00:21:23,240
Speaker 2: for New Zealand Business m Kenneth literally, very.

449
00:21:23,200 --> 00:21:25,639
Speaker 3: Good morning to you, good money Mary, Well, sure go

450
00:21:25,640 --> 00:21:27,080
Speaker 3: at your place with the G seven. Let me come

451
00:21:27,080 --> 00:21:28,720
Speaker 3: to that in a moment. But the EU of all

452
00:21:28,720 --> 00:21:30,359
Speaker 3: the successes, I mean it was a move to the

453
00:21:30,359 --> 00:21:32,879
Speaker 3: writers we discussed I think last week in various countries

454
00:21:32,920 --> 00:21:35,800
Speaker 3: around the world. But Maloney was a big success story

455
00:21:35,800 --> 00:21:36,760
Speaker 3: in that as well, wasn't she.

456
00:21:37,560 --> 00:21:41,879
Speaker 13: Yes, she's triumphant after her overwhelming success twenty nine percent

457
00:21:41,920 --> 00:21:45,520
Speaker 13: of the vote, and significantly, her Brother's of Italy party

458
00:21:45,640 --> 00:21:48,959
Speaker 13: took votes from the far right League, particularly in the

459
00:21:48,960 --> 00:21:52,360
Speaker 13: north of Italy. So she's really strengthened her position and

460
00:21:52,760 --> 00:21:55,159
Speaker 13: really put herself in a strong position going into the

461
00:21:55,160 --> 00:21:57,959
Speaker 13: next couple of years, which I think will be significant

462
00:21:57,960 --> 00:22:00,240
Speaker 13: for the leadership of Italy as well as being a

463
00:22:00,280 --> 00:22:01,840
Speaker 13: leader for the rest of Europe.

464
00:22:01,960 --> 00:22:04,760
Speaker 3: Indeed, I was reading a number of pieces around in Germany,

465
00:22:04,800 --> 00:22:07,080
Speaker 3: particularly the young people. They got sixteen year olds could

466
00:22:07,119 --> 00:22:11,399
Speaker 3: vote in Germany and a large, disproportionately large percentage of

467
00:22:11,440 --> 00:22:14,119
Speaker 3: them voted right, if not extreme right. Was that Do

468
00:22:14,200 --> 00:22:15,879
Speaker 3: we know if that happened in Italy or not.

469
00:22:16,640 --> 00:22:20,200
Speaker 13: Well, it seems that the center left Democratic Party also

470
00:22:20,240 --> 00:22:22,760
Speaker 13: had a bit of a rebound. They had twenty four

471
00:22:22,800 --> 00:22:26,000
Speaker 13: percent of the vote, and they attracted the eighteen to

472
00:22:26,080 --> 00:22:30,119
Speaker 13: thirty four age groups. So I think it's fair to

473
00:22:30,160 --> 00:22:32,639
Speaker 13: say that Maloney is drawing her strength from an older

474
00:22:32,640 --> 00:22:36,160
Speaker 13: age group, particularly the thirty five to fifty five year olds,

475
00:22:37,119 --> 00:22:40,040
Speaker 13: particularly because she's of course got a strong message on

476
00:22:40,200 --> 00:22:46,400
Speaker 13: migration and clamping down on immigrants and her security stance exactly.

477
00:22:46,480 --> 00:22:49,280
Speaker 3: Now, I am also reading in Pulia, which is where

478
00:22:49,280 --> 00:22:50,760
Speaker 3: the G seven is. This is the home of a

479
00:22:50,800 --> 00:22:52,760
Speaker 3: bunch of mafia type people and they're trying to round

480
00:22:52,800 --> 00:22:54,720
Speaker 3: them up. At the moment, I take it, they've cleaned

481
00:22:54,720 --> 00:22:57,600
Speaker 3: the streets up and everything's ti kiddie boo for the heavyweight.

482
00:22:58,480 --> 00:23:02,359
Speaker 13: Well, they've closed, They've shut down the borders, so Shingen's

483
00:23:02,400 --> 00:23:05,160
Speaker 13: no longer in effect for the next few days, so

484
00:23:05,320 --> 00:23:07,720
Speaker 13: people do have to be checked at the borders. There's

485
00:23:07,760 --> 00:23:12,040
Speaker 13: about seven thousand police and armed forces in the area.

486
00:23:12,440 --> 00:23:16,800
Speaker 13: Are no fly zone. Can they control the mafia, I'm

487
00:23:16,800 --> 00:23:21,520
Speaker 13: not so sure, but they've shut down garbage deliveries and

488
00:23:21,600 --> 00:23:25,200
Speaker 13: all sorts of movement on the ground, so it's quite

489
00:23:25,200 --> 00:23:26,359
Speaker 13: a lockdown, I would say.

490
00:23:26,560 --> 00:23:27,760
Speaker 3: Is Zolenski going to be there?

491
00:23:27,760 --> 00:23:28,119
Speaker 1: Do we know?

492
00:23:29,000 --> 00:23:32,119
Speaker 13: Yes? The Ukrainian President Vladimir Zelensky will be on the

493
00:23:32,119 --> 00:23:37,919
Speaker 13: ground tomorrow and Pope Frances on Friday, so some significant visits.

494
00:23:37,960 --> 00:23:42,679
Speaker 13: There also some African leaders, but the Pope we're meeting,

495
00:23:42,720 --> 00:23:46,320
Speaker 13: the US president Joe Biden for a bilateral and also

496
00:23:46,400 --> 00:23:48,960
Speaker 13: meeting Georgia Maloney for a bilateral at some point.

497
00:23:49,119 --> 00:23:50,760
Speaker 3: Okay, now I've been trying to look at the video.

498
00:23:50,800 --> 00:23:53,720
Speaker 3: There doesn't appear to be video, just some photos. But

499
00:23:53,400 --> 00:23:56,640
Speaker 3: there's punch up in your parliament was over what regional

500
00:23:56,680 --> 00:23:58,120
Speaker 3: autonomy and it all got a bit loose.

501
00:23:58,880 --> 00:24:03,240
Speaker 13: Yeah, it's crazy. Scenes in the parliament are an MP

502
00:24:03,440 --> 00:24:07,160
Speaker 13: from the far right attacked an MP from the populist

503
00:24:07,200 --> 00:24:10,720
Speaker 13: Five Star movement as he tried to unfool an Italian

504
00:24:10,760 --> 00:24:15,359
Speaker 13: flag in front of an Italian minister. MP's charged across

505
00:24:15,400 --> 00:24:17,560
Speaker 13: the room and in the middle of that the far

506
00:24:17,680 --> 00:24:21,840
Speaker 13: right chap started throwing punches and our friend had to

507
00:24:21,960 --> 00:24:25,200
Speaker 13: be carried away and have some medical assistance. So crazy

508
00:24:25,280 --> 00:24:27,040
Speaker 13: scenes in the Italian parliament tonight.

509
00:24:27,160 --> 00:24:29,320
Speaker 3: All right, fantastic, gir well Joe ketchup next week, Thanks

510
00:24:29,359 --> 00:24:31,199
Speaker 3: Kylor very much. Joe mc kenner out of Italy. By

511
00:24:31,200 --> 00:24:33,040
Speaker 3: the way, Biden's going to be pushing a fifty billion

512
00:24:33,040 --> 00:24:36,800
Speaker 3: dollar loan package for Ukraine and quite rightly a number

513
00:24:36,840 --> 00:24:38,360
Speaker 3: of the countries. And the reason it hasn't gone through

514
00:24:38,400 --> 00:24:40,679
Speaker 3: so far, of course, the G sevens made up at

515
00:24:40,680 --> 00:24:43,320
Speaker 3: the UK Canada, France, Germany and Italy in Japan. But

516
00:24:43,880 --> 00:24:46,159
Speaker 3: some of them are a little bit worried about the

517
00:24:46,280 --> 00:24:48,480
Speaker 3: fact that I don't know, Ukraine's in the middle of

518
00:24:48,520 --> 00:24:50,560
Speaker 3: a war. They don't have an economy, they don't have

519
00:24:50,560 --> 00:24:53,160
Speaker 3: any money, they don't have any ability to pay off

520
00:24:53,320 --> 00:24:55,399
Speaker 3: fifty billion dollars worth of loan and Joe, who's one

521
00:24:55,480 --> 00:24:57,800
Speaker 3: hundred and twelve probably doesn't care anymore of but anyway,

522
00:24:57,840 --> 00:25:01,280
Speaker 3: that's his big go But this business, Apulia and the Mafia.

523
00:25:01,359 --> 00:25:03,720
Speaker 3: So you've got three mafia style criminal groups operating that

524
00:25:03,720 --> 00:25:05,760
Speaker 3: part of the world. If fe fascinated to read. They're

525
00:25:05,800 --> 00:25:09,399
Speaker 3: offshoots of the Sacra Corona criminal syndicate. And the interesting

526
00:25:09,440 --> 00:25:12,840
Speaker 3: thing about them is they operate locally. They're not international operations.

527
00:25:12,880 --> 00:25:16,240
Speaker 3: They work mainly within Italy and occasionally the Balkans, and

528
00:25:16,280 --> 00:25:19,440
Speaker 3: they're in and around Bari and Brindisi, which is where

529
00:25:19,440 --> 00:25:22,159
Speaker 3: the G seven is. They've been knocking off foes in

530
00:25:22,240 --> 00:25:26,360
Speaker 3: daylight attacks. They're carrying out armed carjackings at an alarming rate,

531
00:25:26,480 --> 00:25:29,520
Speaker 3: several high profile of indebt and murders. A briefcase was

532
00:25:29,520 --> 00:25:32,000
Speaker 3: found abandoned at the train station the other day near Bari,

533
00:25:32,320 --> 00:25:34,720
Speaker 3: connected to bottles of liquid and a cell phone, and

534
00:25:34,800 --> 00:25:38,200
Speaker 3: since then almost daily bomb threats have been received. There

535
00:25:38,240 --> 00:25:40,639
Speaker 3: have also been some armed raids by criminal gangs on

536
00:25:40,720 --> 00:25:43,280
Speaker 3: villas close to the summit venue. So let's hope the

537
00:25:43,320 --> 00:25:45,560
Speaker 3: security sorted turn away from seven.

538
00:25:46,920 --> 00:25:50,800
Speaker 2: The Mike costing breakfast with Alvida and whose tog said, be.

539
00:25:51,160 --> 00:25:51,520
Speaker 1: What he might.

540
00:25:51,600 --> 00:25:53,159
Speaker 3: The smart people are leaving sick of the cost of

541
00:25:53,200 --> 00:25:55,800
Speaker 3: living council rates to the Mary Party BSB down the television.

542
00:25:55,800 --> 00:25:57,600
Speaker 3: There is something in that. There's no question they are

543
00:25:57,600 --> 00:25:59,960
Speaker 3: young and they tend to be bright. That is true Switzerland.

544
00:26:00,240 --> 00:26:02,919
Speaker 3: This is interesting and should be getting more coverage than

545
00:26:02,960 --> 00:26:04,840
Speaker 3: it was. Remember the court case a couple of months

546
00:26:04,880 --> 00:26:07,520
Speaker 3: ago where the Swiss women, the climate Seniors as they

547
00:26:07,520 --> 00:26:11,159
Speaker 3: called themselves, won this historic ruling on climate change from

548
00:26:11,200 --> 00:26:15,000
Speaker 3: the European Court of Human Rights. There this morning shocked

549
00:26:15,400 --> 00:26:20,800
Speaker 3: and betrayed because the Swiss Parliament has ignored them. Basically,

550
00:26:20,880 --> 00:26:23,840
Speaker 3: the European Court said the Swiss government's inadequate response to

551
00:26:23,840 --> 00:26:26,320
Speaker 3: climate change needed to change. This was back in April

552
00:26:26,560 --> 00:26:30,280
Speaker 3: ordered Switzerland to meet its targets to reduce greenhouse gas emissions.

553
00:26:30,320 --> 00:26:32,919
Speaker 3: The women went Waho. All the green people around the

554
00:26:32,920 --> 00:26:35,840
Speaker 3: world went who of course they've hadn't ensuing EU election,

555
00:26:35,880 --> 00:26:37,439
Speaker 3: where of course the Green's got pummeled, So I think

556
00:26:37,480 --> 00:26:39,160
Speaker 3: there might be a message in that. Anyway, the court's

557
00:26:39,240 --> 00:26:42,520
Speaker 3: rulings are binding on member states, which is yet another

558
00:26:42,520 --> 00:26:44,159
Speaker 3: reason why you don't want to be part of the EU.

559
00:26:44,440 --> 00:26:48,680
Speaker 3: So the decision was unprecedented, and yet overnight Switzerland's parliament

560
00:26:49,200 --> 00:26:52,919
Speaker 3: they voted to reject it. They're suggesting that they're not

561
00:26:52,960 --> 00:26:56,680
Speaker 3: ignoring it, but rather than rather, Switzerland did not need

562
00:26:57,000 --> 00:27:00,000
Speaker 3: to react as it already had an effective climate change strategy,

563
00:27:00,000 --> 00:27:01,800
Speaker 3: despite the fact they're currently not on course route to

564
00:27:01,800 --> 00:27:05,160
Speaker 3: the parent climate agreement. So where this goes is interesting,

565
00:27:05,200 --> 00:27:07,440
Speaker 3: so we should follow it. Five minutes away from seven.

566
00:27:08,000 --> 00:27:11,280
Speaker 2: B, the Ins and the Ouse, it's the Fizz on

567
00:27:11,440 --> 00:27:14,000
Speaker 2: the Mike Husking breakfast on News Talk said.

568
00:27:13,880 --> 00:27:17,000
Speaker 3: B the parliament start ignoring courts, You've got trouble long term.

569
00:27:17,840 --> 00:27:20,320
Speaker 3: Let's talk bea A doesn't get any bigger in terms

570
00:27:20,359 --> 00:27:23,359
Speaker 3: of business than Corona. The Kantar Brands global rankings were

571
00:27:23,400 --> 00:27:25,480
Speaker 3: out this morning. Corona's been valued at more than thirty

572
00:27:25,560 --> 00:27:28,960
Speaker 3: billion dollars. They've achieved their success for global growth with

573
00:27:29,040 --> 00:27:31,320
Speaker 3: the likes of Brazil, China, South Africa and maintaining their

574
00:27:31,400 --> 00:27:33,879
Speaker 3: number one selling best ranking in Mexico. Of course, second

575
00:27:33,880 --> 00:27:36,840
Speaker 3: most valuable brand was Budwiser, thanks to the popularity of

576
00:27:36,880 --> 00:27:38,960
Speaker 3: it in the United States because they have literally no

577
00:27:39,000 --> 00:27:41,840
Speaker 3: taste in beer. That comes in at twenty two billion dollars.

578
00:27:42,000 --> 00:27:44,320
Speaker 3: The company called ab InBev, which is a Belgian drink

579
00:27:44,320 --> 00:27:46,320
Speaker 3: and brewing company, and this is sort of the problem

580
00:27:46,400 --> 00:27:49,920
Speaker 3: here that the whole drink market's dominated by very few people. Actually,

581
00:27:50,160 --> 00:27:53,399
Speaker 3: they've got eight of the ten most valuable global beer brands.

582
00:27:53,480 --> 00:27:56,440
Speaker 3: Third is Heineken. That's not an ABMBV company. By the way,

583
00:27:57,119 --> 00:28:02,320
Speaker 3: Mundeo Brahma, I don't know, Obrama, michelob Ultra, now the

584
00:28:02,400 --> 00:28:05,640
Speaker 3: crap beer out of America, bud Light and even crappier

585
00:28:05,640 --> 00:28:08,280
Speaker 3: beer out of America that had all sorts of social

586
00:28:08,359 --> 00:28:11,880
Speaker 3: issues around their campaigns. They've come in seventh. They've dropped

587
00:28:12,119 --> 00:28:15,160
Speaker 3: from thirteen billion down to ten because of all that nonsense.

588
00:28:15,200 --> 00:28:19,080
Speaker 3: Skull is at eighth. Guinness once again not an abmb

589
00:28:19,160 --> 00:28:20,760
Speaker 3: OF company, although they should be. If I wanted to

590
00:28:20,760 --> 00:28:23,280
Speaker 3: buy a company, I'd buy Guinness. Not that I like it,

591
00:28:23,280 --> 00:28:27,520
Speaker 3: it's just it's a thing. Stella Artois is tenth. What

592
00:28:27,600 --> 00:28:29,240
Speaker 3: else can I tell you? Apple, which is not a

593
00:28:29,240 --> 00:28:32,520
Speaker 3: beer company, although they probably will be one day, the

594
00:28:32,760 --> 00:28:35,840
Speaker 3: number one company in terms of tech, Google, Microsoft, Amazon,

595
00:28:35,920 --> 00:28:39,520
Speaker 3: McDonald's make up the top five and video has let

596
00:28:39,520 --> 00:28:41,800
Speaker 3: the rankings to sixth. Most valuable. I find that hard

597
00:28:41,800 --> 00:28:44,200
Speaker 3: to believe. This must be outdated numbers, because we know

598
00:28:44,320 --> 00:28:46,480
Speaker 3: for a fact on market cap they're the second most

599
00:28:46,520 --> 00:28:50,040
Speaker 3: valuable company in the world, Nike, number one in brand apparel,

600
00:28:50,400 --> 00:28:53,640
Speaker 3: Louis Wheaton most valuable luxury brand, a two hundred and

601
00:28:53,680 --> 00:28:57,280
Speaker 3: ten billion dollars. That'll be mainly Dan Carter's association with him.

602
00:28:57,640 --> 00:29:01,120
Speaker 3: Tesla your most valuable automotive, and I find that also

603
00:29:01,200 --> 00:29:06,320
Speaker 3: hard to believe. Netflix most valuable streaming and Lorrel the

604
00:29:06,400 --> 00:29:09,280
Speaker 3: number one brand for personal care. They brought tom Ford

605
00:29:09,840 --> 00:29:13,840
Speaker 3: from tom Ford. I just thought I dropped that and

606
00:29:13,840 --> 00:29:15,400
Speaker 3: it's just stuff you know that you don't get to

607
00:29:15,440 --> 00:29:15,600
Speaker 3: use it.

608
00:29:15,760 --> 00:29:17,880
Speaker 1: You want to give that Brahma beer go. It's quite nice.

609
00:29:17,880 --> 00:29:19,240
Speaker 3: Oh you do know where's it come from.

610
00:29:19,240 --> 00:29:20,800
Speaker 1: That's a South American one, is it?

611
00:29:20,960 --> 00:29:21,160
Speaker 10: Yeah?

612
00:29:21,240 --> 00:29:22,560
Speaker 1: I think it would appeal.

613
00:29:22,840 --> 00:29:24,360
Speaker 3: It's a it's a lightish lager.

614
00:29:24,560 --> 00:29:24,760
Speaker 13: Yeah.

615
00:29:25,560 --> 00:29:27,240
Speaker 3: Ter hinter Pilsner.

616
00:29:27,320 --> 00:29:29,800
Speaker 17: Oh no, that's probably not quite that tangy, more.

617
00:29:29,720 --> 00:29:32,840
Speaker 3: More commercial, less craft. Yeah, okay, yeah.

618
00:29:32,640 --> 00:29:33,520
Speaker 10: It's smooth.

619
00:29:33,600 --> 00:29:36,720
Speaker 15: It's it's sort of Corona y Escy, sort.

620
00:29:36,480 --> 00:29:39,000
Speaker 3: Of Corona and an Esci. Now there's a there's a

621
00:29:39,000 --> 00:29:41,440
Speaker 3: picture for you. Nikola Willis after the news.

622
00:29:42,360 --> 00:29:46,440
Speaker 2: The newsmakers and the personalities the big names talk to

623
00:29:46,800 --> 00:29:51,560
Speaker 2: like Breakfast with Jaguar, the art of Performance news tog

624
00:29:51,600 --> 00:29:52,560
Speaker 2: said ball.

625
00:29:52,320 --> 00:29:54,800
Speaker 3: Seven past seven. So the banking inquiries on the Finance

626
00:29:54,840 --> 00:29:57,480
Speaker 3: and Expenditure Committee will lead at the Finance Minister. Nicola

627
00:29:57,520 --> 00:30:00,720
Speaker 3: Willis with us on it. Good morning, Good morning Mark.

628
00:30:00,880 --> 00:30:02,640
Speaker 3: So it's part of the coalition deal. So how much

629
00:30:02,680 --> 00:30:04,840
Speaker 3: of this is a box tech for New Zealand first

630
00:30:04,960 --> 00:30:07,920
Speaker 3: versus you being invested in what might be real issues.

631
00:30:08,800 --> 00:30:11,320
Speaker 18: I'm very invested in this. We've had a comments Commission

632
00:30:11,360 --> 00:30:14,040
Speaker 18: report tell us that our banks have very high levels

633
00:30:14,040 --> 00:30:17,280
Speaker 18: of profitability compared with banking in other parts of the world.

634
00:30:17,600 --> 00:30:20,160
Speaker 18: They've described the top tier of banks in New Zealand

635
00:30:20,240 --> 00:30:23,400
Speaker 18: as being like an oligopoly. They've described in having market

636
00:30:23,440 --> 00:30:26,880
Speaker 18: power and that worries me. I believe in competition. Competition

637
00:30:26,960 --> 00:30:30,160
Speaker 18: drives better services for New Zealanders. It drives more innovation,

638
00:30:30,360 --> 00:30:33,200
Speaker 18: it drives more productivity. So we owe it to ourselves

639
00:30:33,240 --> 00:30:35,440
Speaker 18: to get to the bottom of these issues. See whether

640
00:30:35,480 --> 00:30:37,560
Speaker 18: we can change the regulation, See whether it is more

641
00:30:37,560 --> 00:30:40,720
Speaker 18: we need to be doing to drive competition in banking, the.

642
00:30:40,720 --> 00:30:42,960
Speaker 3: Rural aspect of it. And you hear it at the

643
00:30:43,080 --> 00:30:45,760
Speaker 3: field Days and have heard it through the Federated Farmers polls.

644
00:30:45,840 --> 00:30:47,360
Speaker 3: Is that real in your view?

645
00:30:49,240 --> 00:30:51,880
Speaker 18: I think it is real because what I'm hearing from

646
00:30:51,880 --> 00:30:54,200
Speaker 18: those in the rural community is that they have seen

647
00:30:54,240 --> 00:30:58,320
Speaker 18: a change in behavior from the banks that once where

648
00:30:58,840 --> 00:31:01,720
Speaker 18: they would be accommodated, they no longer feel that they are.

649
00:31:02,040 --> 00:31:05,920
Speaker 18: They're finding it harder to access lending, even if they

650
00:31:05,920 --> 00:31:09,040
Speaker 18: are prepared to pay the interest rates. They point to

651
00:31:09,120 --> 00:31:12,720
Speaker 18: interest rate differentials where they access loans that are much

652
00:31:12,800 --> 00:31:16,200
Speaker 18: higher rate of interest than people do mortgages, and all

653
00:31:16,240 --> 00:31:18,040
Speaker 18: of these issues are having a big e sept in

654
00:31:18,040 --> 00:31:20,760
Speaker 18: the rural community. Around half the farmers are saying it's

655
00:31:20,800 --> 00:31:23,600
Speaker 18: their biggest pain point. So I think we owe it

656
00:31:23,640 --> 00:31:26,680
Speaker 18: to our rural communities, who are so important to our

657
00:31:26,680 --> 00:31:30,440
Speaker 18: productive economy, to look at whether they are being served

658
00:31:30,440 --> 00:31:31,680
Speaker 18: well by banks exactly.

659
00:31:31,760 --> 00:31:33,920
Speaker 3: But this is where it gets juicy because the retail

660
00:31:33,960 --> 00:31:35,720
Speaker 3: banks will tell you the reason that they're higher is

661
00:31:35,720 --> 00:31:37,960
Speaker 3: one the risk, but also the Reserve Bank rules. The

662
00:31:38,000 --> 00:31:39,720
Speaker 3: Reserve Bank will come along and tell you that the

663
00:31:40,280 --> 00:31:42,320
Speaker 3: other ones that's all bollocks and it's just and so

664
00:31:42,440 --> 00:31:44,120
Speaker 3: back and forth it will go. What do you do

665
00:31:44,200 --> 00:31:44,560
Speaker 3: about it?

666
00:31:45,680 --> 00:31:48,680
Speaker 18: Well, first of all, you bring that argument before Parliament

667
00:31:48,680 --> 00:31:50,320
Speaker 18: and you have it out in the open. You have

668
00:31:50,440 --> 00:31:53,959
Speaker 18: it publicly in the accountable form of an inquiry, and

669
00:31:54,000 --> 00:31:55,959
Speaker 18: we then get to step through the facts that are

670
00:31:55,960 --> 00:31:58,680
Speaker 18: brought to the table and judge them accordingly. My mind

671
00:31:58,760 --> 00:32:02,000
Speaker 18: is open if we need to change the regulatory requirements,

672
00:32:02,160 --> 00:32:04,680
Speaker 18: if the Reserve Bank needs to do things differently, or

673
00:32:04,720 --> 00:32:07,120
Speaker 18: if the banks need to be brought into line. I'm

674
00:32:07,160 --> 00:32:09,560
Speaker 18: open to all of that because this is an issue

675
00:32:09,560 --> 00:32:13,120
Speaker 18: that rarely goes to the heart of whether businesses can innovate,

676
00:32:13,160 --> 00:32:16,160
Speaker 18: whether they can expand where the New Zealanders can get

677
00:32:16,200 --> 00:32:20,160
Speaker 18: affordable mending and affordable services. This is pretty big for

678
00:32:20,200 --> 00:32:22,040
Speaker 18: the economy. I want our economy to grow.

679
00:32:22,240 --> 00:32:24,640
Speaker 3: This is critical indeed. But the Reserve Bank are independent.

680
00:32:24,720 --> 00:32:27,600
Speaker 3: How do you interfere with an independent operator if they're

681
00:32:27,600 --> 00:32:28,280
Speaker 3: the problem?

682
00:32:28,920 --> 00:32:31,480
Speaker 18: They are independent, But Parliament is in charge of the

683
00:32:31,600 --> 00:32:37,040
Speaker 18: legislation that guides them, and if that legislation requires amendment

684
00:32:37,160 --> 00:32:40,160
Speaker 18: in order to better serve New Zealanders, then Parliament must

685
00:32:40,160 --> 00:32:40,560
Speaker 18: amend it.

686
00:32:40,720 --> 00:32:42,680
Speaker 3: Can you say at this point despite the fact that the

687
00:32:42,680 --> 00:32:45,240
Speaker 3: inquiry hasn't been held, But I take it from your comments,

688
00:32:45,440 --> 00:32:48,959
Speaker 3: change needs to happen, and change will happen.

689
00:32:50,000 --> 00:32:53,560
Speaker 18: Change needs to happen, and change will happen in the

690
00:32:53,600 --> 00:32:56,440
Speaker 18: banking sector in New Zealand so that New Zealand is

691
00:32:56,440 --> 00:32:58,440
Speaker 18: a better served. And I know the banks are powerful,

692
00:32:58,520 --> 00:33:01,239
Speaker 18: but democracy is more powerful, and this inquiry is going

693
00:33:01,240 --> 00:33:02,200
Speaker 18: to get to the bottom.

694
00:33:01,880 --> 00:33:02,440
Speaker 16: Of these issues.

695
00:33:02,560 --> 00:33:04,320
Speaker 3: Good stuff, nice to talk to you, apreciate it very much.

696
00:33:04,360 --> 00:33:06,920
Speaker 3: Nicola Willis, who's the finance minister? Mike, why don't banks

697
00:33:06,960 --> 00:33:09,080
Speaker 3: just save everybody a heap of money, time and effort

698
00:33:09,280 --> 00:33:10,720
Speaker 3: and drop the agg rates to the same as the

699
00:33:10,720 --> 00:33:14,000
Speaker 3: residential commercial we'll dean. The answer a simple one, because

700
00:33:14,000 --> 00:33:16,000
Speaker 3: they carry risk. There's a greater risk in lending to

701
00:33:16,000 --> 00:33:17,880
Speaker 3: a farm than there is to a house owner and

702
00:33:17,920 --> 00:33:20,200
Speaker 3: to the reserve Bank set the rules and so in

703
00:33:20,320 --> 00:33:23,800
Speaker 3: that is why we're having an inquiry. Ten minutes past seven, Hski, Oh,

704
00:33:23,840 --> 00:33:25,720
Speaker 3: I don't know about you. But it's getting embarrassing, isn't it.

705
00:33:25,760 --> 00:33:28,520
Speaker 3: Another record's been set by KIWI scarpering off shore in April,

706
00:33:28,600 --> 00:33:30,360
Speaker 3: more than eighty one thousand took off. That led to

707
00:33:30,400 --> 00:33:32,720
Speaker 3: a net loss of fifty six thousand and five hundred.

708
00:33:32,720 --> 00:33:35,840
Speaker 3: That tops the previous record, which was in March of

709
00:33:35,920 --> 00:33:38,920
Speaker 3: fifty two thousand. So is this leaving holes in our

710
00:33:39,000 --> 00:33:41,600
Speaker 3: job market? Talent I D Director Kelly Hamlet's.

711
00:33:41,200 --> 00:33:42,960
Speaker 11: With us morning, Good morning to you, Mike.

712
00:33:43,040 --> 00:33:44,720
Speaker 3: Now, there was a survey yesterday. Obviously we got the

713
00:33:44,800 --> 00:33:46,560
Speaker 3: number of Kiwis leaving the country, but there was another

714
00:33:46,600 --> 00:33:49,480
Speaker 3: survey yesterday that said twenty five percent of employers say

715
00:33:49,520 --> 00:33:52,600
Speaker 3: it's worse than last year. As far as labor issues concerned.

716
00:33:52,640 --> 00:33:54,400
Speaker 3: Do you reckon with all the people leaving the country

717
00:33:54,440 --> 00:33:54,920
Speaker 3: that's real?

718
00:33:56,320 --> 00:33:58,920
Speaker 19: Well, I think it's definitely not helping, Mike, and I

719
00:33:58,920 --> 00:34:01,960
Speaker 19: think we have in the labor market loosened up a

720
00:34:01,960 --> 00:34:05,240
Speaker 19: little bit most recently this year. It's definitely more balanced

721
00:34:05,280 --> 00:34:08,160
Speaker 19: towards the employer. However, I think that's a real band

722
00:34:08,200 --> 00:34:11,440
Speaker 19: aid on what really is going on. We've got massive

723
00:34:11,480 --> 00:34:14,600
Speaker 19: skill shortages in this country and you know, with the

724
00:34:15,600 --> 00:34:18,920
Speaker 19: recent restructuring or shaping happening. It's loosened a little, but

725
00:34:19,200 --> 00:34:21,200
Speaker 19: it's not really addressing the real issues.

726
00:34:21,400 --> 00:34:23,360
Speaker 3: So what's the problem though, Because it's not like we

727
00:34:23,400 --> 00:34:25,360
Speaker 3: haven't got people coming into the country. There's lots of

728
00:34:25,360 --> 00:34:26,880
Speaker 3: them coming in. Are they just mismatched?

729
00:34:28,600 --> 00:34:31,320
Speaker 19: Yeah, I think that's I think that probably is the case.

730
00:34:32,160 --> 00:34:33,919
Speaker 19: You know, immigration has been a bit of a mess

731
00:34:33,960 --> 00:34:36,680
Speaker 19: for a while now. You almost need a master's degree

732
00:34:36,719 --> 00:34:40,239
Speaker 19: to decide for the constant came changes that are coming

733
00:34:40,280 --> 00:34:43,200
Speaker 19: through on a week to be basis. So I just

734
00:34:43,239 --> 00:34:45,799
Speaker 19: wonder if we're not really sort of you know, we've

735
00:34:45,800 --> 00:34:50,080
Speaker 19: got skilled immigrants coming in. However, maybe immigration policies aren't

736
00:34:50,080 --> 00:34:53,200
Speaker 19: targeted enough towards the areas that are employers are desperately

737
00:34:53,239 --> 00:34:56,319
Speaker 19: needing helping. But it's not even it's not even the

738
00:34:56,400 --> 00:35:00,279
Speaker 19: skilled areas that where it is those areas, but it

739
00:35:00,320 --> 00:35:04,640
Speaker 19: even filters down to some of them are basic roles,

740
00:35:04,680 --> 00:35:06,160
Speaker 19: really generic skill sets.

741
00:35:06,160 --> 00:35:07,160
Speaker 20: Even does no.

742
00:35:07,120 --> 00:35:08,000
Speaker 3: One want to work anymore?

743
00:35:08,040 --> 00:35:08,239
Speaker 7: Is that?

744
00:35:08,280 --> 00:35:10,480
Speaker 3: But when you get to generic does no one want

745
00:35:10,520 --> 00:35:11,840
Speaker 3: to work? It doesn't matter where they come from in

746
00:35:11,880 --> 00:35:13,520
Speaker 3: the world. Kiwis can't get out of bed and they're

747
00:35:13,560 --> 00:35:15,359
Speaker 3: leaving the country anyway. And those who come into the country,

748
00:35:15,400 --> 00:35:16,799
Speaker 3: don't want to do the job. Are there just some

749
00:35:16,920 --> 00:35:18,200
Speaker 3: jobs people will not do?

750
00:35:19,880 --> 00:35:20,080
Speaker 14: Oh?

751
00:35:20,120 --> 00:35:23,160
Speaker 19: Look, I think there's some obviously that are more attractive

752
00:35:23,200 --> 00:35:25,879
Speaker 19: than others. But no, I don't. I don't necessarily think

753
00:35:25,920 --> 00:35:29,520
Speaker 19: that's the case. I think, you know, post COVID, we

754
00:35:29,719 --> 00:35:32,719
Speaker 19: were we were in a real sort of dire sort

755
00:35:32,719 --> 00:35:36,279
Speaker 19: of space in terms of businesses were growing. We just

756
00:35:36,280 --> 00:35:39,960
Speaker 19: didn't have enough people literally to fill the jobs. And

757
00:35:40,040 --> 00:35:42,520
Speaker 19: I think it just is, you know, it just comes

758
00:35:42,560 --> 00:35:45,480
Speaker 19: down to there's there's more demand then you know, sort

759
00:35:45,480 --> 00:35:47,680
Speaker 19: of skill to fill fill these roles.

760
00:35:47,800 --> 00:35:49,960
Speaker 3: Do you worry about young people leaving New Zealand? New

761
00:35:50,040 --> 00:35:51,360
Speaker 3: Zealand is leaving New Zealand?

762
00:35:52,520 --> 00:35:55,000
Speaker 19: Yeah, I think, you know, I've sort of been pondering that.

763
00:35:55,640 --> 00:35:58,920
Speaker 19: You know, years ago we had people would go overseas

764
00:35:58,960 --> 00:36:01,360
Speaker 19: on there oe and now it seems that they're leaving

765
00:36:01,400 --> 00:36:05,600
Speaker 19: to the greener pastures of Australia. So, you know, and

766
00:36:05,640 --> 00:36:09,120
Speaker 19: I think it definitely is that that time of people's

767
00:36:09,120 --> 00:36:12,879
Speaker 19: career where they're really earning good money and they really

768
00:36:12,880 --> 00:36:15,680
Speaker 19: could be adding to our economy, but sadly we're losing

769
00:36:15,680 --> 00:36:19,120
Speaker 19: them to know the likes of Australia and droves.

770
00:36:19,160 --> 00:36:22,160
Speaker 3: That seems it does indeed seem that way. Kelly appreciate it.

771
00:36:22,200 --> 00:36:24,440
Speaker 3: Kelly Hemlet, who's the talent ID directed with us this

772
00:36:24,480 --> 00:36:27,400
Speaker 3: morning thirteen past seven Pasca here and Russia. You're on

773
00:36:27,440 --> 00:36:30,960
Speaker 3: stage in Grimsby as we speak, and they've had a

774
00:36:30,960 --> 00:36:34,239
Speaker 3: bef Rigby interview while they haven't Kia has Richie still

775
00:36:34,239 --> 00:36:36,400
Speaker 3: to come. They've had a bef Rigby interview and now

776
00:36:36,400 --> 00:36:38,759
Speaker 3: they're in front of the people and Key is doing

777
00:36:38,800 --> 00:36:40,759
Speaker 3: his very best. I'm relatable act.

778
00:36:41,000 --> 00:36:43,120
Speaker 4: When I grew up, my dad was a tool maker,

779
00:36:43,120 --> 00:36:44,239
Speaker 4: he worked in a fat room.

780
00:36:44,760 --> 00:36:45,400
Speaker 20: It's true.

781
00:36:45,560 --> 00:36:47,799
Speaker 4: My mom was a nurse, and actually we couldn't make

782
00:36:47,920 --> 00:36:50,720
Speaker 4: ends meet, which actually isn't a laughing matter. We couldn't

783
00:36:50,760 --> 00:36:53,480
Speaker 4: make ends meet, we couldn't pay our bills. I know

784
00:36:53,600 --> 00:36:56,640
Speaker 4: what it feels like to feel anxious about the next

785
00:36:56,760 --> 00:36:59,080
Speaker 4: hill which you can't pay. And a lot of what

786
00:36:59,160 --> 00:37:02,280
Speaker 4: I recognized, a lot of people today are in precise

787
00:37:02,800 --> 00:37:07,040
Speaker 4: position as I was in and I politics is about

788
00:37:07,080 --> 00:37:09,400
Speaker 4: your policies, of course it is, but it's also about

789
00:37:09,520 --> 00:37:11,880
Speaker 4: who do you have in your minds? Okay, when you

790
00:37:11,920 --> 00:37:14,960
Speaker 4: make your decisions? Are you thinking about when you make

791
00:37:15,040 --> 00:37:17,680
Speaker 4: your decisions? I'm thinking about the people who are struggling

792
00:37:17,719 --> 00:37:18,520
Speaker 4: with their bills.

793
00:37:18,719 --> 00:37:22,400
Speaker 3: Okay, okay, be it's very impatient, doesn't she our assessment

794
00:37:22,400 --> 00:37:25,040
Speaker 3: at this point he's coming across as reasonably relatable in

795
00:37:25,080 --> 00:37:27,239
Speaker 3: the sense that he came across as relatable in the

796
00:37:27,320 --> 00:37:30,800
Speaker 3: first debate, which he lost against Rishi's. So that's unfolding

797
00:37:30,840 --> 00:37:35,480
Speaker 3: as we speak. Fourteen past the mist Mike here, obviously

798
00:37:35,480 --> 00:37:36,759
Speaker 3: you must have his own joke about as part of

799
00:37:36,760 --> 00:37:38,080
Speaker 3: being a tool maker. Yeah, I don't know, he's I

800
00:37:38,080 --> 00:37:40,320
Speaker 3: don't know, he's a party man. But having said that,

801
00:37:40,320 --> 00:37:42,600
Speaker 3: if you watch to when PMQ's periodically does come up

802
00:37:42,600 --> 00:37:45,000
Speaker 3: with a couple of good one lines, PMQ's are very good.

803
00:37:45,000 --> 00:37:45,160
Speaker 2: You know.

804
00:37:45,160 --> 00:37:47,400
Speaker 3: If you look in the New Zealand Parliament in the

805
00:37:47,400 --> 00:37:50,640
Speaker 3: exchange between lux and Hipkins versus say, Sunak and Kia,

806
00:37:50,960 --> 00:37:53,799
Speaker 3: they're just the British are in a completely different league.

807
00:37:53,800 --> 00:37:58,560
Speaker 3: It's almost genuinely entertaining, if not educational anyway. Eighteen past

808
00:37:58,800 --> 00:38:01,400
Speaker 3: but a concern in the brewing industry between those going

809
00:38:01,480 --> 00:38:04,200
Speaker 3: under and the cost of the excise tax. Government confirmed

810
00:38:04,280 --> 00:38:07,360
Speaker 3: yesterday tax is coming four point one percent as of

811
00:38:07,400 --> 00:38:10,040
Speaker 3: the first of July. Executive Director of the Bruce Association.

812
00:38:10,120 --> 00:38:12,440
Speaker 3: Dylan Firth is with us. Dylan, very good morning to you.

813
00:38:13,320 --> 00:38:15,520
Speaker 3: Good morning make How would give us a word for

814
00:38:15,600 --> 00:38:20,520
Speaker 3: your industry at the moment? Miserable, upbeat, suicidal, brilliant. What's

815
00:38:20,560 --> 00:38:21,279
Speaker 3: your word?

816
00:38:21,920 --> 00:38:22,439
Speaker 20: Getting through?

817
00:38:22,600 --> 00:38:24,239
Speaker 21: I think is probably the word we want to use.

818
00:38:25,080 --> 00:38:28,040
Speaker 21: It's pretty tough out there, like mini sectors, and you

819
00:38:28,040 --> 00:38:29,719
Speaker 21: know the brewing sector for a number of years is

820
00:38:29,800 --> 00:38:31,720
Speaker 21: there's been relatively flat. There's not a lot of growth.

821
00:38:31,960 --> 00:38:34,520
Speaker 21: There's some bright spots, but I think you know, in

822
00:38:34,560 --> 00:38:37,359
Speaker 21: this economic climate, discretionary spend is down and we set

823
00:38:37,400 --> 00:38:39,960
Speaker 21: it through the hospitality sector and things are pretty tough

824
00:38:40,000 --> 00:38:40,359
Speaker 21: out there.

825
00:38:40,480 --> 00:38:42,960
Speaker 3: What's the tax designed to do stop us drinking or

826
00:38:42,960 --> 00:38:43,720
Speaker 3: just collect money?

827
00:38:44,840 --> 00:38:46,239
Speaker 21: Well, it does a bit of both. I mean a

828
00:38:46,320 --> 00:38:48,439
Speaker 21: subscribed as doing that, but it does get taken into

829
00:38:48,440 --> 00:38:50,799
Speaker 21: the consolidated fund. I mean there's about one point three

830
00:38:50,800 --> 00:38:53,359
Speaker 21: billion dollars it's taken last year and it's not ring

831
00:38:53,360 --> 00:38:56,480
Speaker 21: fence for anything in particular. So we've seen an increase

832
00:38:56,480 --> 00:38:58,520
Speaker 21: over the last three years of a combined close to

833
00:38:58,680 --> 00:39:03,000
Speaker 21: eighteen percent, and it's to inflation each year. So you know,

834
00:39:03,360 --> 00:39:05,400
Speaker 21: the previous government in this one that they've decided to

835
00:39:05,440 --> 00:39:07,759
Speaker 21: continue it at this rate. But unfortunately it's not really

836
00:39:07,800 --> 00:39:11,120
Speaker 21: a sustainable system when it's got levels of inflation, and

837
00:39:11,160 --> 00:39:13,279
Speaker 21: we've seen that because people aren't spending money and there

838
00:39:13,320 --> 00:39:15,200
Speaker 21: isn't growth to be able to sustain.

839
00:39:15,480 --> 00:39:17,520
Speaker 3: So here's your problem. You want them to pause like

840
00:39:17,520 --> 00:39:19,279
Speaker 3: they do in Britain at each budget they seem to

841
00:39:19,280 --> 00:39:21,279
Speaker 3: go all the we no increase in the excience this year,

842
00:39:21,280 --> 00:39:23,080
Speaker 3: but you want it to pause until you would argue

843
00:39:23,080 --> 00:39:25,600
Speaker 3: inflations back under control the economies, right, But then mod

844
00:39:25,600 --> 00:39:27,800
Speaker 3: will happens. You'll come back on the program going na, na, no,

845
00:39:27,960 --> 00:39:30,160
Speaker 3: we need another year's pause, won't you? You want it forever.

846
00:39:31,320 --> 00:39:32,920
Speaker 21: I'll look pausing just one of the things that have

847
00:39:32,960 --> 00:39:34,880
Speaker 21: gone on around the world, and we've advocated for a

848
00:39:34,920 --> 00:39:37,200
Speaker 21: number of things. You look at Canada, for example, who

849
00:39:37,200 --> 00:39:40,160
Speaker 21: saw high levels of inflation and they had a similar

850
00:39:40,160 --> 00:39:42,040
Speaker 21: system and they capped it at two percent this year.

851
00:39:43,040 --> 00:39:45,160
Speaker 21: You know, we think that that's a good option. We've

852
00:39:45,160 --> 00:39:47,759
Speaker 21: also said there's an opportunity to put a separate key

853
00:39:47,920 --> 00:39:51,239
Speaker 21: rate in for supporting hospitality businesses, so a lower rate

854
00:39:51,280 --> 00:39:53,400
Speaker 21: specifically for tat beer. So the number of things are

855
00:39:53,480 --> 00:39:55,160
Speaker 21: there you could do and look at the end of

856
00:39:55,200 --> 00:39:57,600
Speaker 21: the day, if it's linked to a sustainable increase over

857
00:39:57,600 --> 00:39:59,759
Speaker 21: the years of around one to three percent, like we

858
00:39:59,800 --> 00:40:02,200
Speaker 21: say to the reserve banks to keep inflation there, I

859
00:40:02,200 --> 00:40:03,719
Speaker 21: think that's something that industry could handle.

860
00:40:03,880 --> 00:40:05,759
Speaker 3: Not a bad argument, Dylan, appreciate you time very much,

861
00:40:05,800 --> 00:40:08,719
Speaker 3: Dylan Firth, Executive director of the Brewers Association, Mike, I

862
00:40:08,800 --> 00:40:11,160
Speaker 3: no roles being advertised. That would have got thirty people

863
00:40:11,200 --> 00:40:13,800
Speaker 3: applying in the past. Now there's two hundred plus highly skilled,

864
00:40:13,840 --> 00:40:16,239
Speaker 3: well qualified people are not even getting an interview for

865
00:40:16,280 --> 00:40:19,680
Speaker 3: the jobs they could do in their sleep. The job

866
00:40:20,080 --> 00:40:24,879
Speaker 3: just markets simply aren't there for generic, basically unskilled people.

867
00:40:24,920 --> 00:40:27,160
Speaker 3: There doesn't seem to be a consistent source of a

868
00:40:27,200 --> 00:40:30,520
Speaker 3: source of truth that reflects the market reality. Thank you

869
00:40:30,560 --> 00:40:32,799
Speaker 3: for your run, Thank you for your run. Feedback still

870
00:40:32,800 --> 00:40:34,480
Speaker 3: to come on the program, Andy Summits. If you run

871
00:40:34,520 --> 00:40:36,719
Speaker 3: into the police, Andy Summits after eight o'clock, it's seven

872
00:40:36,719 --> 00:40:40,640
Speaker 3: to twenty on my cost you breakfast to tailor a

873
00:40:40,680 --> 00:40:43,200
Speaker 3: support package where you receive a delicious hot meal cooked

874
00:40:43,400 --> 00:40:45,440
Speaker 3: for you and say, I don't know, a Wednesday and

875
00:40:45,480 --> 00:40:47,919
Speaker 3: a Friday night, or how about a thorough home clean

876
00:40:47,960 --> 00:40:50,240
Speaker 3: done for you once a month with a bed linen

877
00:40:50,360 --> 00:40:53,160
Speaker 3: change every Monday. Well you can with an RVD to

878
00:40:53,239 --> 00:40:55,920
Speaker 3: service department. They're perfect for when you're living independently and

879
00:40:55,960 --> 00:40:58,000
Speaker 3: needing just a little bit of extra assistance. You can

880
00:40:58,000 --> 00:41:01,480
Speaker 3: select from tailored services to suit. So those tailored services

881
00:41:01,600 --> 00:41:04,320
Speaker 3: can include laundry, meals and cleaning with some care assistance

882
00:41:04,360 --> 00:41:06,960
Speaker 3: options as well. So keep living independently and an our

883
00:41:07,040 --> 00:41:09,839
Speaker 3: Veda service department with reassurance that you're getting a little

884
00:41:09,840 --> 00:41:11,400
Speaker 3: bit of help behind the scenes when you need it.

885
00:41:11,440 --> 00:41:14,280
Speaker 3: So from living independently with some assistance in a service

886
00:41:14,280 --> 00:41:17,000
Speaker 3: department to either a care suite or a care room

887
00:41:17,120 --> 00:41:19,839
Speaker 3: if you're assessed in needing increased levels of support. Our

888
00:41:19,960 --> 00:41:22,400
Speaker 3: Veda they got a range of lifestyle options to transform

889
00:41:22,440 --> 00:41:25,000
Speaker 3: the aging experience. So our Vida dot code dot in

890
00:41:25,080 --> 00:41:26,879
Speaker 3: z's where you had to look. R Vida dot code

891
00:41:26,880 --> 00:41:30,080
Speaker 3: dot inzt find the assistant's options in in our Veda

892
00:41:30,160 --> 00:41:35,160
Speaker 3: living well community near you. Asking seven twenty four. Not

893
00:41:35,239 --> 00:41:37,759
Speaker 3: just these immigration numbers yesterday, but tourism numbers as well.

894
00:41:37,760 --> 00:41:39,879
Speaker 3: Have a look at the number of articles too about

895
00:41:39,920 --> 00:41:41,960
Speaker 3: the place at the moment on Europe. The articles that

896
00:41:42,040 --> 00:41:44,480
Speaker 3: talk about the crush, the cost the record breaking numbers

897
00:41:44,480 --> 00:41:46,440
Speaker 3: Europe and summer has become a real thing in the

898
00:41:46,480 --> 00:41:48,520
Speaker 3: last couple of years for New Zealanders. The numbers going

899
00:41:48,520 --> 00:41:51,399
Speaker 3: to Europe this year is up five percent on last year,

900
00:41:51,440 --> 00:41:53,160
Speaker 3: and last year was a record anywhere in the cost

901
00:41:53,160 --> 00:41:55,480
Speaker 3: of living crisis. For God's sake, there's no bargain fares

902
00:41:56,200 --> 00:41:58,120
Speaker 3: for travel. Then after coming back are the cost of

903
00:41:58,120 --> 00:42:01,000
Speaker 3: hotels in Europe. In July's ruiners, we're told the average

904
00:42:01,000 --> 00:42:05,760
Speaker 3: time away is thirty one days a whole month. Contrast

905
00:42:05,840 --> 00:42:08,200
Speaker 3: that to the latest status for a rivals here in

906
00:42:08,280 --> 00:42:11,520
Speaker 3: to us, we're at seventy three percent of pre COVID

907
00:42:11,920 --> 00:42:15,680
Speaker 3: pre COVID seventy three percent, remembering pre COVID twenty nineteen,

908
00:42:16,080 --> 00:42:19,160
Speaker 3: five years ago. We haven't recovered from five years ago.

909
00:42:19,680 --> 00:42:22,000
Speaker 3: In fact, we show increasingly little sign of actually doing so.

910
00:42:22,200 --> 00:42:25,160
Speaker 3: And yet here's the real worry. No one seems to care. See,

911
00:42:25,160 --> 00:42:26,759
Speaker 3: we had the minister on the programme last time I

912
00:42:26,840 --> 00:42:29,520
Speaker 3: raised this number of weeks ago. He used the fatal

913
00:42:29,560 --> 00:42:31,680
Speaker 3: line when I asked him whether he was worried or no.

914
00:42:31,800 --> 00:42:34,040
Speaker 3: The industry tells me we're tracking well. And that's the

915
00:42:34,080 --> 00:42:36,640
Speaker 3: problem with some ministers. If you're not immersed in the subject.

916
00:42:36,680 --> 00:42:38,520
Speaker 3: Any amount of bs can come across your desk in

917
00:42:38,560 --> 00:42:41,200
Speaker 3: and none the wiser. The industry has recently launched what

918
00:42:41,239 --> 00:42:44,359
Speaker 3: they call a new initiative that involves trying to get

919
00:42:44,400 --> 00:42:47,239
Speaker 3: people here year round. One that's not new, We've tried

920
00:42:47,239 --> 00:42:50,400
Speaker 3: it before. Transseasonal tourism is not a new thing. And

921
00:42:50,440 --> 00:42:52,480
Speaker 3: two it still doesn't address what I would call the

922
00:42:52,480 --> 00:42:56,040
Speaker 3: alarming lack of bounce back. As Europe is jammed over

923
00:42:56,160 --> 00:42:58,560
Speaker 3: jammed if you ask those in places like Mayorka and Venice.

924
00:42:58,640 --> 00:43:01,200
Speaker 3: We're still waiting to get back to where we once

925
00:43:01,320 --> 00:43:05,240
Speaker 3: were five years ago. Capacities back for the plane seats

926
00:43:05,239 --> 00:43:07,160
Speaker 3: no longer an excuse, So what is our excuse?

927
00:43:07,160 --> 00:43:07,279
Speaker 7: Eh?

928
00:43:07,560 --> 00:43:09,399
Speaker 3: Why are we not concerned? What happened to the magic

929
00:43:09,440 --> 00:43:12,239
Speaker 3: of New Zealand? See the dollars fantastic one of the

930
00:43:12,239 --> 00:43:14,520
Speaker 3: few upsides of having a hopeless currency. It's cheap to

931
00:43:14,520 --> 00:43:17,480
Speaker 3: be here. Not only aren't the numbers any good or

932
00:43:17,520 --> 00:43:19,280
Speaker 3: getting a lot better? No one seems to be alarmed

933
00:43:19,280 --> 00:43:24,200
Speaker 3: about it. My question is why not asking the five

934
00:43:24,200 --> 00:43:26,200
Speaker 3: percent as well? And the thirty one days I gave

935
00:43:26,239 --> 00:43:29,520
Speaker 3: you the top destinations that we're heading to millennials leading

936
00:43:29,520 --> 00:43:32,120
Speaker 3: the way. Twenty six to thirty five year olds largest

937
00:43:32,160 --> 00:43:34,040
Speaker 3: number of bookings at twenty seven percent, forty six to

938
00:43:34,080 --> 00:43:36,680
Speaker 3: fifty five year olds at eighteen percent of bookings. Top

939
00:43:37,120 --> 00:43:39,440
Speaker 3: twenty destinations. I won't give them all. Some of them

940
00:43:39,440 --> 00:43:45,279
Speaker 3: are weird, but the top ones London, Paris, Rome, Amsterdam, Manchester, Athens, Frankfurt, Barcelona,

941
00:43:45,520 --> 00:43:48,960
Speaker 3: Milan and Dublin. Dublin came in at number ten. Mike,

942
00:43:49,040 --> 00:43:51,600
Speaker 3: I wonder if more and more people are leaving New Zealand.

943
00:43:51,640 --> 00:43:54,120
Speaker 3: This is immigration now as they're just over the Yanks.

944
00:43:54,120 --> 00:43:57,080
Speaker 3: The protest, the activations, the general negativity. Easy to blame

945
00:43:57,080 --> 00:43:59,000
Speaker 3: the government or money, but I don't believe it's that

946
00:43:59,080 --> 00:44:02,239
Speaker 3: anymore interesting You say that my son's company, Mike sent

947
00:44:02,320 --> 00:44:04,560
Speaker 3: into Australia for an IT project. He's been working there

948
00:44:04,600 --> 00:44:07,600
Speaker 3: for several months. He commented, others in his age had

949
00:44:07,640 --> 00:44:10,120
Speaker 3: their own house, while he can't afford one in New Zealand.

950
00:44:10,400 --> 00:44:14,560
Speaker 3: See I know that to be not true based on facts.

951
00:44:14,600 --> 00:44:16,080
Speaker 3: The cost of a house in Melbourne and the cost

952
00:44:16,120 --> 00:44:17,920
Speaker 3: of a house in Sydney is higher than a cost

953
00:44:17,960 --> 00:44:19,640
Speaker 3: of house in anyone you want to pick in New Zealand.

954
00:44:19,640 --> 00:44:22,640
Speaker 3: In terms of metropolitan centers. I know that rent in

955
00:44:22,680 --> 00:44:25,560
Speaker 3: those particular parts of the world are more expensive, yes,

956
00:44:25,640 --> 00:44:27,520
Speaker 3: and I will get to this the Hay salary thing

957
00:44:27,560 --> 00:44:31,960
Speaker 3: out yesterday. Yes, in general you can earn more in

958
00:44:32,000 --> 00:44:34,840
Speaker 3: Australia if you go there, but not much. I was

959
00:44:34,880 --> 00:44:38,120
Speaker 3: surprised in looking at the stats yesterday how little the

960
00:44:38,160 --> 00:44:41,000
Speaker 3: difference is. And it doesn't strike me as a big

961
00:44:41,080 --> 00:44:43,640
Speaker 3: enough difference to be able to afford the rent or

962
00:44:43,680 --> 00:44:45,239
Speaker 3: be able to afford the mortgage. So that's what I

963
00:44:45,280 --> 00:44:48,040
Speaker 3: would call grandmother in all research. But nevertheless, I think

964
00:44:48,040 --> 00:44:49,799
Speaker 3: it's just the vibe. I think if you if you

965
00:44:49,840 --> 00:44:51,920
Speaker 3: want to get out and you're sick of something and

966
00:44:51,920 --> 00:44:54,160
Speaker 3: you want to go, you'll justify it to yourself. And

967
00:44:54,200 --> 00:44:56,440
Speaker 3: a lot of the decisions and made like that, right, Well,

968
00:44:56,440 --> 00:44:58,479
Speaker 3: I have a look at the power industry a couple

969
00:44:58,480 --> 00:44:59,760
Speaker 3: of moments, the.

970
00:44:59,560 --> 00:45:03,600
Speaker 2: Breakfast Show You Can Trust, the My Hosking Breakfast with

971
00:45:03,840 --> 00:45:08,960
Speaker 2: Bailey's real estate altogether better across residential, commercial and rural.

972
00:45:09,080 --> 00:45:10,080
Speaker 1: On news talks, d.

973
00:45:10,080 --> 00:45:12,600
Speaker 3: Be my interest in comments you make about tourism. Tell

974
00:45:12,600 --> 00:45:14,800
Speaker 3: me why the government's thinking then about increasing the visitor

975
00:45:14,800 --> 00:45:17,040
Speaker 3: a rivals tax. Doesn't make sense to me. Mike. The

976
00:45:17,040 --> 00:45:19,600
Speaker 3: reason they're doing that is revenue, because think about it,

977
00:45:19,680 --> 00:45:22,320
Speaker 3: when you book your holiday, as clearly so many people

978
00:45:22,360 --> 00:45:24,520
Speaker 3: have booked into Europe in the next couple of weeks.

979
00:45:24,800 --> 00:45:26,920
Speaker 3: Do you know what you'll be paying upon arrival in

980
00:45:26,960 --> 00:45:29,359
Speaker 3: any given country. No, you don't, noughder your care. It's

981
00:45:29,400 --> 00:45:31,840
Speaker 3: not something that puts you on or off a country.

982
00:45:32,120 --> 00:45:34,719
Speaker 3: It's comparatively speaking, a handful of dollars. Hence it's a

983
00:45:34,719 --> 00:45:37,800
Speaker 3: good collection point for the government. So Starma v Rishi.

984
00:45:37,960 --> 00:45:40,120
Speaker 3: It is unfolding as we speak. Rod's watching you be

985
00:45:40,160 --> 00:45:42,760
Speaker 3: with us in an hour's time, Starmer on tex.

986
00:45:42,719 --> 00:45:45,600
Speaker 4: I accept that previous labor leaders have sort of pulled

987
00:45:45,600 --> 00:45:49,120
Speaker 4: the tax leave for every single time and driven up spending.

988
00:45:49,520 --> 00:45:53,399
Speaker 4: I want to grow our economy. The manifesto tomorrow will

989
00:45:53,440 --> 00:45:56,360
Speaker 4: be a manifesto, a plan for wealth creation. Now you

990
00:45:56,400 --> 00:45:58,320
Speaker 4: may not hear a labor leader say that very often,

991
00:45:58,480 --> 00:46:00,200
Speaker 4: but for me, that is the most.

992
00:46:01,239 --> 00:46:02,879
Speaker 3: So this is not a debate, by the way, we

993
00:46:03,040 --> 00:46:07,000
Speaker 3: remember remind you, it's an interview between Beth Rugby and

994
00:46:07,160 --> 00:46:10,880
Speaker 3: the guest, and then he takes some questions from the audience. Rishi,

995
00:46:10,960 --> 00:46:12,920
Speaker 3: of course turned up after Kia and he had to

996
00:46:12,920 --> 00:46:13,600
Speaker 3: deal with the day.

997
00:46:13,760 --> 00:46:16,960
Speaker 17: I was incredibly sad to have caused people and upset.

998
00:46:17,040 --> 00:46:19,799
Speaker 17: That was actually the last thing that I wanted to do.

999
00:46:19,920 --> 00:46:21,880
Speaker 17: And as I said, I hope people can find it

1000
00:46:21,920 --> 00:46:24,200
Speaker 17: in their hearts to forgive me. When I realized I

1001
00:46:24,239 --> 00:46:28,160
Speaker 17: made a mistake, I apologized. I've asked forgiveness, and also

1002
00:46:28,719 --> 00:46:30,839
Speaker 17: I have been speaking to veterans about the things that

1003
00:46:30,880 --> 00:46:33,359
Speaker 17: we aren't doing to make sure this is a good

1004
00:46:33,360 --> 00:46:35,600
Speaker 17: country for them after they've served, because we owe them

1005
00:46:35,600 --> 00:46:38,240
Speaker 17: an enormous debt of gratitude.

1006
00:46:38,360 --> 00:46:41,640
Speaker 3: That's contright with capt Little Contrist back home, by the way,

1007
00:46:41,719 --> 00:46:44,839
Speaker 3: after write Andy Summer's Police, great story the police. He's

1008
00:46:44,840 --> 00:46:46,560
Speaker 3: moved on to other things these days, of course, because

1009
00:46:46,560 --> 00:46:49,680
Speaker 3: the police fell the partners, so many bands do fall apart.

1010
00:46:49,719 --> 00:46:52,040
Speaker 3: But he's coming to the country Andy Summer's after write anyway,

1011
00:46:52,080 --> 00:46:56,239
Speaker 3: the Consumer Adverscuit Advocacy Counsel is telling us the new

1012
00:46:56,239 --> 00:46:58,480
Speaker 3: disclosure rules, intended to shine a light on with the

1013
00:46:58,520 --> 00:47:01,240
Speaker 3: power companies are making excess profit it are not working.

1014
00:47:01,280 --> 00:47:03,640
Speaker 3: So this is a report from the NZIER found the

1015
00:47:03,680 --> 00:47:07,239
Speaker 3: disclosure rules introduced by the Electricity Authority had shortcomings, which

1016
00:47:07,280 --> 00:47:09,840
Speaker 3: limits the usefulness of the information companies are providing. Now,

1017
00:47:09,880 --> 00:47:12,719
Speaker 3: the Consumer's Advocacy Council chair is Debrah Hard, who is

1018
00:47:12,719 --> 00:47:15,759
Speaker 3: with us. Deborah, morning to you, Good morning, Mike. Now,

1019
00:47:15,840 --> 00:47:17,600
Speaker 3: is it the rules that are the problem or are

1020
00:47:17,640 --> 00:47:19,880
Speaker 3: the companies playing games with the rules and that they

1021
00:47:19,880 --> 00:47:22,080
Speaker 3: weren't playing games the rules would actually work.

1022
00:47:22,800 --> 00:47:25,759
Speaker 14: Well, the rules are the problem, and we don't know

1023
00:47:26,200 --> 00:47:31,440
Speaker 14: if the gin tailors, that's the companies that both generate

1024
00:47:31,520 --> 00:47:35,200
Speaker 14: electricity and retail electricity are playing games.

1025
00:47:35,719 --> 00:47:36,520
Speaker 20: We just don't know.

1026
00:47:36,800 --> 00:47:39,000
Speaker 3: Okay, So you want to see inside what the gen

1027
00:47:39,680 --> 00:47:42,600
Speaker 3: is providing the tailor with and what's that number and

1028
00:47:42,600 --> 00:47:44,240
Speaker 3: what's that gap? And if you knew that, then we'd

1029
00:47:44,239 --> 00:47:45,120
Speaker 3: be getting somewhere.

1030
00:47:45,760 --> 00:47:49,640
Speaker 14: Well, we know we want that, but we also need

1031
00:47:49,680 --> 00:47:55,759
Speaker 14: the Electricity Authority to benchmark those costs properly so that

1032
00:47:55,880 --> 00:47:58,360
Speaker 14: we can make we can make sense of that. And

1033
00:47:58,440 --> 00:48:01,000
Speaker 14: at the moment, we just don't have of that regime.

1034
00:48:01,400 --> 00:48:05,240
Speaker 14: So we have some of the information, but not enough

1035
00:48:05,800 --> 00:48:11,560
Speaker 14: that we can can say that there aren't excessive profits

1036
00:48:11,680 --> 00:48:12,160
Speaker 14: being made.

1037
00:48:12,600 --> 00:48:14,680
Speaker 3: So there's your word, excessive profits. Even if we had

1038
00:48:14,680 --> 00:48:18,239
Speaker 3: the number as transparent as day this afternoon, who's to

1039
00:48:18,280 --> 00:48:19,759
Speaker 3: decide what's successive and what isn't.

1040
00:48:21,080 --> 00:48:27,560
Speaker 14: Well, we would know if the the Gen Taylor's are

1041
00:48:27,640 --> 00:48:32,920
Speaker 14: charging them their own retail arms less than they are

1042
00:48:33,000 --> 00:48:37,680
Speaker 14: charging other retailers, and that would tell us that we

1043
00:48:37,719 --> 00:48:39,200
Speaker 14: don't have true competition.

1044
00:48:39,640 --> 00:48:41,120
Speaker 20: But at the moment, we just don't know that.

1045
00:48:42,080 --> 00:48:44,640
Speaker 3: Although the market is dominated by Gen Taylor's, isn't it

1046
00:48:44,680 --> 00:48:45,680
Speaker 3: at the end of the day. I mean, if there

1047
00:48:45,680 --> 00:48:47,040
Speaker 3: were a whole lot of little guys out I mean,

1048
00:48:47,080 --> 00:48:49,279
Speaker 3: I suppose there's a few little guys out there that

1049
00:48:49,280 --> 00:48:52,800
Speaker 3: by their stuff. Is there not enough competition in terms

1050
00:48:52,840 --> 00:48:55,640
Speaker 3: of all that's available if you wanted to dig into

1051
00:48:55,680 --> 00:48:58,040
Speaker 3: it and avail yourself at the best possible price.

1052
00:48:58,760 --> 00:49:01,560
Speaker 14: Well, this goes to the very very crutch of whether

1053
00:49:01,640 --> 00:49:06,800
Speaker 14: we have real competition or not. If independent retailers can't

1054
00:49:06,840 --> 00:49:11,400
Speaker 14: buy the electricity from the generators at the same price

1055
00:49:12,000 --> 00:49:15,799
Speaker 14: as the Gen tailors, then they have a difficulty surviving.

1056
00:49:15,880 --> 00:49:20,200
Speaker 14: And keep in mind, we had eight independent retailers in

1057
00:49:20,200 --> 00:49:23,360
Speaker 14: a space of two years who came into the market

1058
00:49:23,600 --> 00:49:28,080
Speaker 14: and left. If we want true competition, we really want

1059
00:49:28,719 --> 00:49:32,200
Speaker 14: a lot of these independent retailers to be able to

1060
00:49:32,239 --> 00:49:33,080
Speaker 14: be in our market.

1061
00:49:33,160 --> 00:49:34,960
Speaker 3: Well, look, I'm not disagreeing with you, but I mean,

1062
00:49:35,200 --> 00:49:37,160
Speaker 3: could they have come and they just couldn't cut it.

1063
00:49:37,239 --> 00:49:39,960
Speaker 3: I mean, once again, it's like banks and telcos and

1064
00:49:39,960 --> 00:49:41,640
Speaker 3: airlines and all that sort of stuff. We're a tiny

1065
00:49:41,680 --> 00:49:43,920
Speaker 3: country with five million people. There's only so much room

1066
00:49:43,960 --> 00:49:46,279
Speaker 3: in the market for so many companies and maybe just

1067
00:49:46,360 --> 00:49:48,440
Speaker 3: go one step too far and that's why they fell over.

1068
00:49:48,600 --> 00:49:50,360
Speaker 3: Not because there's a lack of competition.

1069
00:49:51,920 --> 00:49:55,200
Speaker 14: No, I don't think I don't think that's right. I

1070
00:49:55,239 --> 00:50:01,560
Speaker 14: think that we could do with more independent retailailors, ensuring

1071
00:50:02,360 --> 00:50:05,799
Speaker 14: that the gen tailors are very sharp with their their

1072
00:50:05,920 --> 00:50:08,719
Speaker 14: pencil when it comes to price. And keep in mind

1073
00:50:08,840 --> 00:50:11,879
Speaker 14: night consumers tell us time and again that they are

1074
00:50:11,920 --> 00:50:15,560
Speaker 14: really hurting when it comes to power prices which are increasing.

1075
00:50:16,000 --> 00:50:18,600
Speaker 3: Yeah, that's true. But that's not about competition, though, isn't it.

1076
00:50:18,600 --> 00:50:20,560
Speaker 3: I mean it's like going to the supermarket and say

1077
00:50:20,680 --> 00:50:22,759
Speaker 3: our grocery is too expensive. You go, well, yes they are.

1078
00:50:22,800 --> 00:50:24,600
Speaker 3: Is that about competition, You're just feeling a cost of

1079
00:50:24,640 --> 00:50:25,280
Speaker 3: living problem.

1080
00:50:26,000 --> 00:50:30,040
Speaker 14: Well, it can be about competition as well. And if

1081
00:50:30,160 --> 00:50:34,359
Speaker 14: consumers is to have confidence and that their bills are

1082
00:50:34,360 --> 00:50:39,439
Speaker 14: not being inflated by companies making excessive profits, we need

1083
00:50:39,480 --> 00:50:40,319
Speaker 14: to get this right.

1084
00:50:40,520 --> 00:50:41,880
Speaker 3: Good on, you're nice to talk to you as well

1085
00:50:41,880 --> 00:50:45,160
Speaker 3: as Debrah debrahat who's the Consumer Advocacy Council chair. It

1086
00:50:45,239 --> 00:50:48,120
Speaker 3: is eighteen away from eight Tusking, here's a good point.

1087
00:50:48,120 --> 00:50:49,879
Speaker 3: This is what I've been trying to say all morning, Mike.

1088
00:50:49,920 --> 00:50:52,839
Speaker 3: If you're twenty six with a corporate career ahead, would

1089
00:50:52,880 --> 00:50:56,000
Speaker 3: you rather live in Wellington, Auckland, Sydney or Melbourne even

1090
00:50:56,040 --> 00:50:58,880
Speaker 3: if costs don't offer big benefits the quality of business

1091
00:50:58,920 --> 00:51:02,040
Speaker 3: districts and surroundings and cheese fill I think you're probably right.

1092
00:51:02,080 --> 00:51:04,719
Speaker 3: That's what I was trying to say earlier. Essentially, if

1093
00:51:04,760 --> 00:51:07,319
Speaker 3: you want to go, and you're young, then you will go.

1094
00:51:07,560 --> 00:51:10,160
Speaker 3: It's as simple as that. And Melbourne seems exciting, and

1095
00:51:10,200 --> 00:51:13,280
Speaker 3: Sydney seems exciting, and London's big and bright and beautiful

1096
00:51:13,280 --> 00:51:15,080
Speaker 3: and fantastic. We had to say, I don't want to

1097
00:51:15,080 --> 00:51:16,799
Speaker 3: boy you. We got a son in London at the moment. Now,

1098
00:51:16,880 --> 00:51:23,240
Speaker 3: London is riddled with problems. It is horrifically expensive, knife

1099
00:51:23,239 --> 00:51:26,640
Speaker 3: crime is a major issue. Nut jobs on the street

1100
00:51:26,719 --> 00:51:30,720
Speaker 3: are a major issue. It is shockingly cold in winter

1101
00:51:30,880 --> 00:51:34,920
Speaker 3: and wet. Yeah, he ain't coming home because he's in London.

1102
00:51:34,960 --> 00:51:37,160
Speaker 3: And that's how it works. It is seventeen to two.

1103
00:51:38,040 --> 00:51:40,320
Speaker 1: The masting breakfast.

1104
00:51:39,920 --> 00:51:41,600
Speaker 3: Morning might correct me if I'm wrong. But as more

1105
00:51:41,600 --> 00:51:43,560
Speaker 3: and more countries in Europe and in fact around the

1106
00:51:43,560 --> 00:51:46,319
Speaker 3: world are swinging to the conservative right, UK appears to

1107
00:51:46,320 --> 00:51:48,160
Speaker 3: be the outlier and about to move to the left.

1108
00:51:48,160 --> 00:51:50,040
Speaker 3: So are they trendsetters or well behind the rest of

1109
00:51:50,040 --> 00:51:51,880
Speaker 3: the globe, Barb good question. And behind the rest of

1110
00:51:51,920 --> 00:51:54,120
Speaker 3: the globe is my argument, because you've got to remember

1111
00:51:54,120 --> 00:51:56,000
Speaker 3: that it's unique. What is unique to Britain. First of all,

1112
00:51:56,000 --> 00:51:58,960
Speaker 3: the European vote was for the European Parliament, not the

1113
00:51:58,960 --> 00:52:01,520
Speaker 3: individual parliaments of the country. Not that you wouldn't see

1114
00:52:01,520 --> 00:52:04,920
Speaker 3: a similar trend in the individual countries, but the Conservatives

1115
00:52:04,920 --> 00:52:07,759
Speaker 3: have been in power for a very very very long

1116
00:52:07,800 --> 00:52:11,879
Speaker 3: period of time, and time kills all governments, and that's

1117
00:52:11,880 --> 00:52:12,759
Speaker 3: what you're seeing at the moment.

1118
00:52:12,840 --> 00:52:12,960
Speaker 10: Mike.

1119
00:52:13,040 --> 00:52:15,399
Speaker 3: Check out Brisbane. The house price is sixty to seven

1120
00:52:15,480 --> 00:52:17,480
Speaker 3: hundred thousand dollars for three to four beds in a section. Well,

1121
00:52:17,520 --> 00:52:18,960
Speaker 3: you're right and you're wrong. I'm sure you can find

1122
00:52:18,960 --> 00:52:20,760
Speaker 3: a house in Brisbane for sixty to seven hundred thousand,

1123
00:52:20,800 --> 00:52:23,280
Speaker 3: But the average house price in Brisbane is nine hundred

1124
00:52:23,280 --> 00:52:26,319
Speaker 3: thousand dollars in rising and rising sharply. In Sydney it's

1125
00:52:26,320 --> 00:52:27,799
Speaker 3: one point six and mild, and it's one point four.

1126
00:52:27,840 --> 00:52:30,000
Speaker 3: You see my point, So you're ruining a little bit more.

1127
00:52:30,320 --> 00:52:31,880
Speaker 3: Let me just do the Hayes thing for you now,

1128
00:52:31,960 --> 00:52:33,480
Speaker 3: just real quick. I don't want to bog you down

1129
00:52:33,560 --> 00:52:36,960
Speaker 3: in numbers. But the average salary in Australia's nineteen hundred

1130
00:52:36,960 --> 00:52:40,279
Speaker 3: and fifty three dollars a week versus sixteen hundred year,

1131
00:52:40,280 --> 00:52:42,560
Speaker 3: So it's three hundred dollars a week more in Australia.

1132
00:52:42,560 --> 00:52:45,320
Speaker 3: Would you be materially better off? Depend on what you're ruining,

1133
00:52:45,560 --> 00:52:47,279
Speaker 3: depending on the tax rate. Their top tax rate is

1134
00:52:47,360 --> 00:52:50,040
Speaker 3: higher than ours, for example, forty five cents versus thirty nine.

1135
00:52:51,320 --> 00:52:55,719
Speaker 3: If you're an accounting in finance, if you're a financial controller,

1136
00:52:56,080 --> 00:52:58,359
Speaker 3: turnover of one hundred million dollars the business that is

1137
00:52:58,360 --> 00:53:00,879
Speaker 3: not you in Auckland at one hundred and fifty five

1138
00:53:00,880 --> 00:53:03,080
Speaker 3: thousand dollars in christ due to one hundred and forty

1139
00:53:03,080 --> 00:53:04,759
Speaker 3: thousand dollars in Sydney a hundred and sixty five one

1140
00:53:04,800 --> 00:53:06,400
Speaker 3: hundred and fifty five vers one hundred and sixty five

1141
00:53:06,440 --> 00:53:07,600
Speaker 3: to ten grand a year? Is that worth it?

1142
00:53:07,640 --> 00:53:08,080
Speaker 11: Not really.

1143
00:53:08,400 --> 00:53:12,320
Speaker 3: You're a commercial analyst in Auckland won thirty Sydney, one thirty.

1144
00:53:12,680 --> 00:53:16,800
Speaker 3: There's no difference. Architecture graduate architect eighty five thousand in Auckland,

1145
00:53:16,960 --> 00:53:20,680
Speaker 3: seventy five in Sydney, you go backwards. Senior architect one

1146
00:53:20,680 --> 00:53:22,839
Speaker 3: thirty in Sydney, one twenty five in Aukland. You see

1147
00:53:22,840 --> 00:53:24,960
Speaker 3: what I'm saying. There's not a real difference, but a

1148
00:53:25,000 --> 00:53:28,799
Speaker 3: difference in construction civil construction four person, one forty in

1149
00:53:28,840 --> 00:53:31,960
Speaker 3: Sydney versus eighty five in Auckland. That's material. If you're

1150
00:53:31,960 --> 00:53:35,640
Speaker 3: an engineer, civil designer engineer one twenty in Auckland, one

1151
00:53:35,760 --> 00:53:39,960
Speaker 3: twelve in Sydney, you've gone backwards. An executive commercial firm

1152
00:53:40,040 --> 00:53:43,000
Speaker 3: turnover fifty million, three hundred here, three fifty in Australia,

1153
00:53:43,600 --> 00:53:46,279
Speaker 3: human resources company with more than one thousand people two

1154
00:53:46,280 --> 00:53:48,440
Speaker 3: fifty in New Zealand, two ninety in Australia. That's a

1155
00:53:48,440 --> 00:53:50,680
Speaker 3: difference forty grand Is it worth moving just for that,

1156
00:53:51,040 --> 00:53:54,920
Speaker 3: wouldn't I thought so? Marketing event manager one twenty in Sydney,

1157
00:53:55,040 --> 00:53:57,600
Speaker 3: ninety in New Zealand. That's a bit different. Policy and

1158
00:53:57,600 --> 00:54:00,319
Speaker 3: strategy of policy advisor eighty two in Wellington, eight in

1159
00:54:00,320 --> 00:54:03,840
Speaker 3: Canberra two thousand dollars difference to move to Canberra, No,

1160
00:54:03,960 --> 00:54:07,800
Speaker 3: thank you, Tech business analysts and projects and change management

1161
00:54:08,360 --> 00:54:10,560
Speaker 3: one forty in Sydney won ten and orphan. That's a

1162
00:54:10,600 --> 00:54:13,040
Speaker 3: little bit. Do you see what they're not? Dramatically different

1163
00:54:13,080 --> 00:54:15,960
Speaker 3: this whole business. I'm earning three times what I did

1164
00:54:16,040 --> 00:54:19,520
Speaker 3: in New Zealand. It's simply isn't true. And you've got

1165
00:54:19,520 --> 00:54:21,560
Speaker 3: a deal in the facts. Ten minutes away from it.

1166
00:54:22,440 --> 00:54:25,480
Speaker 1: The Mike Hosking Breakfast with Jaguar News.

1167
00:54:25,960 --> 00:54:27,560
Speaker 3: Another of you're pointing out the souper. The souper is

1168
00:54:27,600 --> 00:54:29,160
Speaker 3: better in Australia. I do get that, but as I

1169
00:54:29,200 --> 00:54:30,840
Speaker 3: also pointed out, the tax rate if you're on the

1170
00:54:30,840 --> 00:54:33,319
Speaker 3: decent money is higher at forty five versus thirty. What

1171
00:54:33,440 --> 00:54:35,560
Speaker 3: is the top tax row thirty nine, thirty eighty thirty nine,

1172
00:54:35,640 --> 00:54:38,839
Speaker 3: whatever it is? Seven away from eight good news, good news,

1173
00:54:38,840 --> 00:54:41,640
Speaker 3: good news. The Cantery amp folks have reached an agreement

1174
00:54:41,680 --> 00:54:43,440
Speaker 3: with event Hire to go ahead with the A and

1175
00:54:43,560 --> 00:54:46,120
Speaker 3: G the New Zealand Egg Show in November. It's a

1176
00:54:46,160 --> 00:54:47,560
Speaker 3: new deal, new name. It's going to be called the

1177
00:54:47,640 --> 00:54:50,480
Speaker 3: christ Church Show and Phil Anderson is the owner of

1178
00:54:50,560 --> 00:54:52,680
Speaker 3: event High and is with us film morning to.

1179
00:54:52,680 --> 00:54:55,000
Speaker 11: You, Good morning Mike, thank you for having me.

1180
00:54:55,160 --> 00:54:56,759
Speaker 3: Not at all well done? Do you feel good about

1181
00:54:56,800 --> 00:54:57,080
Speaker 3: it all?

1182
00:54:57,680 --> 00:55:00,279
Speaker 11: Oh? Absolutely, Yeah, it's great to get it out. They're

1183
00:55:00,280 --> 00:55:02,480
Speaker 11: in the public, and yeah, it's amazing to hear some

1184
00:55:02,560 --> 00:55:03,080
Speaker 11: of the feedback.

1185
00:55:03,120 --> 00:55:03,640
Speaker 12: It's awesome.

1186
00:55:03,680 --> 00:55:05,680
Speaker 3: And when you heard it fall over, did you think,

1187
00:55:05,719 --> 00:55:07,080
Speaker 3: hang on, here's a bit of me I can get

1188
00:55:07,080 --> 00:55:07,400
Speaker 3: into this.

1189
00:55:08,200 --> 00:55:12,040
Speaker 11: Yeah, it was actually coincidental. There's multiple phone calls the

1190
00:55:12,120 --> 00:55:15,160
Speaker 11: day after from supplies and some vendors saying, hey, is

1191
00:55:15,160 --> 00:55:17,720
Speaker 11: there anything you could do on this day? We would

1192
00:55:17,760 --> 00:55:19,480
Speaker 11: love it if you could, and it sort of sparks

1193
00:55:19,480 --> 00:55:20,640
Speaker 11: some interest in all of us.

1194
00:55:20,640 --> 00:55:22,920
Speaker 3: I think, okay, so how's it going to work? When

1195
00:55:22,920 --> 00:55:24,520
Speaker 3: you say slim down? How slim down?

1196
00:55:26,040 --> 00:55:28,680
Speaker 11: Slim down? In the aspect that they are sort of

1197
00:55:28,840 --> 00:55:31,880
Speaker 11: separate events, So Kappa are doing some animal and the

1198
00:55:31,920 --> 00:55:34,759
Speaker 11: City Farmyard aspect and we're doing the show aspect. So

1199
00:55:35,400 --> 00:55:37,719
Speaker 11: you know, that's some of the food and market stills,

1200
00:55:38,000 --> 00:55:41,319
Speaker 11: but with the flavor of the AMP show. So the

1201
00:55:41,400 --> 00:55:45,520
Speaker 11: full scale shows is pretty big. We're just skimming that

1202
00:55:45,600 --> 00:55:48,520
Speaker 11: down to more manageable size to make it work.

1203
00:55:48,760 --> 00:55:51,080
Speaker 3: Is it workable and long term? In the model. Is

1204
00:55:51,120 --> 00:55:52,680
Speaker 3: this the way the future? Do you think?

1205
00:55:54,200 --> 00:55:57,600
Speaker 11: I definitely think there's probably some changes for the show

1206
00:55:57,880 --> 00:56:01,680
Speaker 11: moving forward, and that that's possibly about the way it's ran.

1207
00:56:01,800 --> 00:56:04,680
Speaker 11: But I think absolutely that I think they're going to

1208
00:56:04,719 --> 00:56:07,680
Speaker 11: come out the other side of this super strong. I

1209
00:56:07,719 --> 00:56:10,160
Speaker 11: think this is just a really good and they should

1210
00:56:10,160 --> 00:56:12,480
Speaker 11: have to work for this year and it's looking at

1211
00:56:12,520 --> 00:56:14,120
Speaker 11: how that model needs to change in the future.

1212
00:56:14,239 --> 00:56:15,920
Speaker 3: It did. I never got to the bottom of it.

1213
00:56:15,960 --> 00:56:18,560
Speaker 3: The model seemed problematic. They seemed to work all year

1214
00:56:18,600 --> 00:56:20,560
Speaker 3: for three days worth of revenue and that never struck

1215
00:56:20,600 --> 00:56:25,240
Speaker 3: me as anything particularly bright. Was that the problem.

1216
00:56:24,640 --> 00:56:27,400
Speaker 11: As part of it? I mean, and definitely it's a

1217
00:56:27,520 --> 00:56:30,960
Speaker 11: very expensive process running a show like this. Yeah, actually

1218
00:56:31,040 --> 00:56:33,360
Speaker 11: diving deep in the back end of it, starting to

1219
00:56:33,360 --> 00:56:37,040
Speaker 11: get an understanding of that. Yeah, Look, it's been difficult

1220
00:56:37,040 --> 00:56:40,480
Speaker 11: for them, and potentially on the other side of that,

1221
00:56:40,560 --> 00:56:43,040
Speaker 11: hopefully we can be involved in the running of the

1222
00:56:43,040 --> 00:56:45,799
Speaker 11: show in the future and we can help you work

1223
00:56:45,840 --> 00:56:48,040
Speaker 11: to some of those costs in the future and make

1224
00:56:48,080 --> 00:56:48,640
Speaker 11: it possible.

1225
00:56:49,239 --> 00:56:50,520
Speaker 3: Well, I wish you all the very best with it.

1226
00:56:50,520 --> 00:56:52,640
Speaker 3: I hope it goes fantastically well and November come on in.

1227
00:56:52,880 --> 00:56:55,400
Speaker 3: Phil Anderson who's the event higher owner. So the christ

1228
00:56:55,360 --> 00:56:58,719
Speaker 3: Your Jamp, the fabulous, the famous Christ Your Champ show

1229
00:56:58,760 --> 00:57:01,680
Speaker 3: has been saved five minutes away from eight scpect me

1230
00:57:01,760 --> 00:57:04,319
Speaker 3: of events. This fast track which we've been talking about

1231
00:57:04,360 --> 00:57:05,960
Speaker 3: on the program a bit, and we had the protests

1232
00:57:05,960 --> 00:57:08,200
Speaker 3: over the weekend for people who want to hold everything

1233
00:57:08,280 --> 00:57:10,120
Speaker 3: up and hire lawyers and go to court and appeal

1234
00:57:10,160 --> 00:57:11,960
Speaker 3: and all that sort of stuff, and most of the

1235
00:57:12,000 --> 00:57:13,800
Speaker 3: rest of us actually just want to get on with stuff.

1236
00:57:13,840 --> 00:57:15,920
Speaker 3: One of the people I hadn't thought about it, but

1237
00:57:16,160 --> 00:57:18,920
Speaker 3: Eden Park and Auckland they are loving the idea of

1238
00:57:18,920 --> 00:57:20,720
Speaker 3: the fast track consent. They are in front of the

1239
00:57:20,720 --> 00:57:23,600
Speaker 3: Select Committee and they said, this is the sort of

1240
00:57:23,680 --> 00:57:26,640
Speaker 3: thing that the fast track could really you know, power

1241
00:57:26,720 --> 00:57:29,400
Speaker 3: us up six concerts a year and up to twenty

1242
00:57:29,400 --> 00:57:32,600
Speaker 3: five evening rugby and cricket games they're allowed. So what

1243
00:57:32,640 --> 00:57:34,880
Speaker 3: they want is to gain quick approval for nationally and

1244
00:57:34,920 --> 00:57:38,200
Speaker 3: regionally important infrastructure developments where they say, well, we're nationally

1245
00:57:38,240 --> 00:57:42,480
Speaker 3: and regionally important tests, concerts, economy. So Nick thought that

1246
00:57:42,480 --> 00:57:44,840
Speaker 3: he was in front of the in front of the

1247
00:57:44,880 --> 00:57:47,280
Speaker 3: committee and he goes he wants to expand Eden Park,

1248
00:57:47,640 --> 00:57:50,800
Speaker 3: redevelop the north and west put a roof on and

1249
00:57:50,880 --> 00:57:52,760
Speaker 3: wants to fast track these sort of consents, And that

1250
00:57:52,800 --> 00:57:55,520
Speaker 3: to me makes perfect sense, doesn't it. They're operating with

1251
00:57:55,560 --> 00:57:58,560
Speaker 3: too many restrictions, ridiculous constricts. Yes, they'll still the a's

1252
00:57:58,720 --> 00:58:02,360
Speaker 3: with the community, but they can streamline the process. They

1253
00:58:02,400 --> 00:58:05,240
Speaker 3: can expedite the changes needed to enable us to be

1254
00:58:05,320 --> 00:58:08,640
Speaker 3: nimble and agile. And do we not honestly want to

1255
00:58:08,680 --> 00:58:11,440
Speaker 3: be more nimble and agile. I don't have time now,

1256
00:58:11,480 --> 00:58:13,640
Speaker 3: but I will come back after eight thirty once we

1257
00:58:13,720 --> 00:58:16,800
Speaker 3: dealt with rot I got through yesterday. I cannot recommend

1258
00:58:16,800 --> 00:58:19,480
Speaker 3: it enough, especially if you followed the story. We alluded

1259
00:58:19,480 --> 00:58:21,120
Speaker 3: to it briefly before we left you at the end

1260
00:58:21,160 --> 00:58:23,120
Speaker 3: of the show yesterday the Kevin Space interview, so he

1261
00:58:23,160 --> 00:58:26,760
Speaker 3: appeared on the YouTube with PS Morgan. I can't remember

1262
00:58:26,800 --> 00:58:28,240
Speaker 3: how long it is, but it's over an hour and

1263
00:58:28,280 --> 00:58:30,960
Speaker 3: a half. And that's what happens on YouTube and these

1264
00:58:31,000 --> 00:58:33,240
Speaker 3: podcasts these days. They just think they're opening a microphone

1265
00:58:33,280 --> 00:58:35,320
Speaker 3: and talking till they literally fall over with lack of

1266
00:58:35,320 --> 00:58:38,280
Speaker 3: oxygen somehow a thing. But be that as it may,

1267
00:58:38,480 --> 00:58:44,520
Speaker 3: it's an absolutely gripping watch. And I came into it

1268
00:58:44,560 --> 00:58:48,120
Speaker 3: with the idea that broadly speaking, support for Kevin Spacey's

1269
00:58:48,160 --> 00:58:51,160
Speaker 3: probably too strong a word, but as an outside observer

1270
00:58:51,360 --> 00:58:53,960
Speaker 3: who doesn't own from a bar of soap, it struck

1271
00:58:54,000 --> 00:58:56,560
Speaker 3: me initially at first blush as this is a pile

1272
00:58:56,640 --> 00:59:00,040
Speaker 3: on the initial allegations. You thought, geez, this will be

1273
00:59:00,080 --> 00:59:02,080
Speaker 3: interesting to see where it goes. As it turned out,

1274
00:59:02,160 --> 00:59:05,680
Speaker 3: it went nowhere, and none of it's gone anywhere, none

1275
00:59:05,720 --> 00:59:08,480
Speaker 3: of it. And I didn't realize just how wide the

1276
00:59:08,480 --> 00:59:11,160
Speaker 3: Breaktha's become in the way he's been treated, so all

1277
00:59:11,200 --> 00:59:13,400
Speaker 3: that detail got flushed out. But I'll work you through

1278
00:59:13,400 --> 00:59:15,560
Speaker 3: some more of that after Rake thirty This morning.

1279
00:59:16,160 --> 00:59:21,000
Speaker 2: The Big News Bold Opinions, The Mic Hosking Breakfast with

1280
00:59:21,360 --> 00:59:25,200
Speaker 2: Avida Live, The Age You Feel News Talk zedb.

1281
00:59:29,200 --> 00:59:31,920
Speaker 3: It is seven past eight. It is the classic rock

1282
00:59:31,960 --> 00:59:34,000
Speaker 3: and roll story. A group of three musicians looking for

1283
00:59:34,040 --> 00:59:35,960
Speaker 3: a break, don't have a cent, can't get a gig,

1284
00:59:36,040 --> 00:59:37,840
Speaker 3: do a deal with a record company, can't get one

1285
00:59:37,880 --> 00:59:40,080
Speaker 3: of those either. One song changes that all them. For

1286
00:59:40,120 --> 00:59:42,200
Speaker 3: a while they were the biggest band of the world.

1287
00:59:42,240 --> 00:59:45,280
Speaker 3: Stuart Copeland, Sting and Andy Summers create a Police of Course,

1288
00:59:45,280 --> 00:59:47,760
Speaker 3: seventy five million records sold. Six Grammy's Rock and Roll

1289
00:59:47,760 --> 00:59:50,200
Speaker 3: Hall of Fame and all of that. So Andy Summer's

1290
00:59:50,240 --> 00:59:52,640
Speaker 3: coming here for three nights, bringing his best selling show,

1291
00:59:52,680 --> 00:59:56,040
Speaker 3: The Cracked Lens and a Missing String. Andy Summers with

1292
00:59:56,120 --> 00:59:56,720
Speaker 3: us from New York.

1293
00:59:56,720 --> 00:59:59,040
Speaker 20: Good morning, I'll go mine to you. Nice to be

1294
00:59:59,120 --> 00:59:59,520
Speaker 20: here now.

1295
00:59:59,520 --> 01:00:01,840
Speaker 3: First of all, we'll talk us through the Correct Lens

1296
01:00:01,960 --> 01:00:04,520
Speaker 3: and the Missing Spring. I've seen a little bit of it.

1297
01:00:04,560 --> 01:00:07,320
Speaker 3: I mean how cliver people must respond brilliantly to it.

1298
01:00:08,000 --> 01:00:11,200
Speaker 20: Well, I'm getting the standing oration every night and we

1299
01:00:11,280 --> 01:00:16,440
Speaker 20: pretty much sold out everywhere, so I think it's going well. Yeah,

1300
01:00:16,480 --> 01:00:20,640
Speaker 20: I originally started this just prior to the whole COVID thing.

1301
01:00:21,400 --> 01:00:24,840
Speaker 20: I managed about ten shows and so the idea was born,

1302
01:00:24,960 --> 01:00:27,200
Speaker 20: you know, combining you know, well it's really a multi

1303
01:00:27,280 --> 01:00:32,800
Speaker 20: media show, but photography, talking, guitar playing obviously and different

1304
01:00:32,800 --> 01:00:37,120
Speaker 20: things and so forth, and then resurrected it as we

1305
01:00:37,120 --> 01:00:39,240
Speaker 20: were able to come back to, you know, going out

1306
01:00:39,240 --> 01:00:44,040
Speaker 20: on the road, and you know, you think going with

1307
01:00:44,080 --> 01:00:46,280
Speaker 20: a show like this, I think you just keep adding

1308
01:00:46,320 --> 01:00:49,120
Speaker 20: refinements to it and just gets better all the time.

1309
01:00:49,160 --> 01:00:51,920
Speaker 20: So we're having a pretty good time in New York

1310
01:00:51,920 --> 01:00:55,400
Speaker 20: City at the moment and playing tomorrow night here.

1311
01:00:55,920 --> 01:00:58,800
Speaker 3: Yeah, So the idea, the linkage between the photographs and

1312
01:00:58,840 --> 01:01:01,760
Speaker 3: the music. How long have you been into photography?

1313
01:01:01,760 --> 01:01:05,560
Speaker 20: By the way, I sat photography seriously as a medium

1314
01:01:05,720 --> 01:01:08,440
Speaker 20: I wanted to work in In nineteen seventy nine, when

1315
01:01:08,440 --> 01:01:11,400
Speaker 20: I was in New York City with the police and had,

1316
01:01:11,600 --> 01:01:13,600
Speaker 20: you know, as you might imagine, a lot of time

1317
01:01:13,640 --> 01:01:17,960
Speaker 20: in my hands because we were turing constantly and I was,

1318
01:01:18,400 --> 01:01:21,320
Speaker 20: you know, we the van was surrounded by photographers all

1319
01:01:21,360 --> 01:01:24,000
Speaker 20: the time. So I finally sort of crossed over and

1320
01:01:24,880 --> 01:01:26,840
Speaker 20: got a good camera and said, right, I'm going to

1321
01:01:26,880 --> 01:01:29,400
Speaker 20: do this, and you know, in factic turned into it,

1322
01:01:30,280 --> 01:01:33,080
Speaker 20: you know, a passion that I stayed with ever since.

1323
01:01:33,400 --> 01:01:34,800
Speaker 3: So what do you look for? I mean, what do

1324
01:01:34,840 --> 01:01:35,240
Speaker 3: you shoot?

1325
01:01:35,760 --> 01:01:39,880
Speaker 20: Well, I look for abstraction, really, you know, I mean

1326
01:01:39,880 --> 01:01:40,520
Speaker 20: I would give.

1327
01:01:40,400 --> 01:01:40,680
Speaker 14: It to you.

1328
01:01:40,760 --> 01:01:42,880
Speaker 20: I'm not looking for like an interesting place. I'm looking

1329
01:01:42,880 --> 01:01:48,360
Speaker 20: for like shape, color line, you know, balance within a

1330
01:01:48,520 --> 01:01:52,880
Speaker 20: rectangular frame, a balance of light and dark. So I

1331
01:01:53,280 --> 01:01:56,880
Speaker 20: think of it in formal properties, not like, oh that's

1332
01:01:56,880 --> 01:01:59,320
Speaker 20: an exciting moment, you know that man to go into

1333
01:01:59,400 --> 01:02:02,800
Speaker 20: that man, you know whatever. You know, I think in

1334
01:02:02,840 --> 01:02:03,800
Speaker 20: a different way.

1335
01:02:04,160 --> 01:02:05,800
Speaker 3: Is it the same as music? I mean, it's a

1336
01:02:05,880 --> 01:02:06,960
Speaker 3: creative expression.

1337
01:02:07,440 --> 01:02:10,320
Speaker 20: I think so, you know, and I often like to

1338
01:02:10,400 --> 01:02:14,439
Speaker 20: cite well well, I mean the famous phrase is all

1339
01:02:14,600 --> 01:02:17,760
Speaker 20: art aspires to the condition of music, And it's absolutely

1340
01:02:17,800 --> 01:02:21,560
Speaker 20: true because I find the information that I had from

1341
01:02:21,680 --> 01:02:25,640
Speaker 20: music is sort of you can take it across to photography.

1342
01:02:25,680 --> 01:02:27,560
Speaker 20: And again, you know, like in music you would be

1343
01:02:27,600 --> 01:02:34,480
Speaker 20: thinking of line, shape, one thing contrasting against another, a structure.

1344
01:02:35,040 --> 01:02:37,720
Speaker 20: All these things can be applied to photography. I mean,

1345
01:02:37,720 --> 01:02:39,440
Speaker 20: obviously you have to learn how to use a camera

1346
01:02:39,560 --> 01:02:42,480
Speaker 20: and study photography, but you find in the end that

1347
01:02:42,920 --> 01:02:45,040
Speaker 20: some of the properties you're looking for are the same

1348
01:02:45,080 --> 01:02:46,480
Speaker 20: ones that are expressed in music.

1349
01:02:46,680 --> 01:02:48,320
Speaker 3: Do you reckon if you're good at music, you're good

1350
01:02:48,320 --> 01:02:50,520
Speaker 3: at photography, or if you're good at photography you can

1351
01:02:50,560 --> 01:02:51,160
Speaker 3: be good at music.

1352
01:02:53,000 --> 01:02:55,000
Speaker 20: I think if you go in a photography and if

1353
01:02:55,000 --> 01:03:00,040
Speaker 20: you're a musician, you're already in an advantageous place. I

1354
01:03:00,080 --> 01:03:02,600
Speaker 20: really think that you've sort of trained your mind along

1355
01:03:02,760 --> 01:03:06,760
Speaker 20: certain mind to think that way abstractly and straightforwardly, which

1356
01:03:06,920 --> 01:03:10,120
Speaker 20: however you want to phrase it, and it will give

1357
01:03:10,120 --> 01:03:12,520
Speaker 20: you an advantage as a photographer, because I think those

1358
01:03:12,560 --> 01:03:14,480
Speaker 20: things are already in you. If you're coming in as

1359
01:03:14,480 --> 01:03:19,320
Speaker 20: a musician, it is quite like a quite natural step

1360
01:03:19,360 --> 01:03:21,560
Speaker 20: in a way to me. You know, photography you can

1361
01:03:21,560 --> 01:03:25,560
Speaker 20: get into and learn technically, whereas painting, for instance, as

1362
01:03:25,560 --> 01:03:28,840
Speaker 20: a visualize is much more difficult because unless it's born

1363
01:03:28,880 --> 01:03:32,560
Speaker 20: in you, unless's literally in your hand, you'll only ever

1364
01:03:32,600 --> 01:03:34,880
Speaker 20: get to be so good photography, I think you have

1365
01:03:34,960 --> 01:03:37,919
Speaker 20: more of a chance that you know. I was very

1366
01:03:38,080 --> 01:03:40,440
Speaker 20: art inspired. I did try painting for a while a

1367
01:03:40,520 --> 01:03:43,200
Speaker 20: few years back, but I thought, ultimately I thought, no,

1368
01:03:44,400 --> 01:03:47,480
Speaker 20: I haven't got it. I haven't got the thing. It's

1369
01:03:47,480 --> 01:03:50,760
Speaker 20: not emmy because obviously I can't do that. It didn't

1370
01:03:50,800 --> 01:03:53,120
Speaker 20: come out like that. But photography I think I'm very

1371
01:03:53,120 --> 01:03:56,760
Speaker 20: good at and I think that comes from to something extent. Well,

1372
01:03:56,800 --> 01:03:59,520
Speaker 20: I obviously haven't mind, but I have the advantage of

1373
01:03:59,560 --> 01:04:01,480
Speaker 20: having play music all my life.

1374
01:04:01,640 --> 01:04:05,480
Speaker 3: So the extension then this new ep of yours Vitigenous Canyons,

1375
01:04:06,000 --> 01:04:09,080
Speaker 3: how do you go about writing music for photography?

1376
01:04:09,960 --> 01:04:12,200
Speaker 20: Yeah, well it's a good point, and no one's asking

1377
01:04:12,200 --> 01:04:15,600
Speaker 20: me quite like that. I did this my latest photography book,

1378
01:04:15,640 --> 01:04:21,800
Speaker 20: which is Tennis in Germany, and they asked for it

1379
01:04:21,840 --> 01:04:23,960
Speaker 20: and I hadn't actually done that. But I have scored

1380
01:04:24,000 --> 01:04:27,920
Speaker 20: films that some music. The music on that vitigenous canyons

1381
01:04:28,040 --> 01:04:30,240
Speaker 20: I played. I made it in about two and a

1382
01:04:30,280 --> 01:04:35,520
Speaker 20: half hours, and all of it is improvisations, you know,

1383
01:04:35,680 --> 01:04:39,160
Speaker 20: no great brand scheme. It's just I'll get sound through

1384
01:04:39,240 --> 01:04:43,600
Speaker 20: various you know, typical electric car devices. Got a sound

1385
01:04:43,720 --> 01:04:46,360
Speaker 20: going that with you know, create a mood in me

1386
01:04:46,680 --> 01:04:50,600
Speaker 20: and you know, create something with it. But I made

1387
01:04:50,640 --> 01:04:54,520
Speaker 20: that those tracks in one afternoon, so I think is

1388
01:04:54,640 --> 01:04:55,240
Speaker 20: very healthy.

1389
01:04:57,080 --> 01:04:58,480
Speaker 3: See, it's funny you should say that it's one of

1390
01:04:58,520 --> 01:05:00,760
Speaker 3: the great mysteries have you writers? I mean, do you

1391
01:05:00,800 --> 01:05:02,360
Speaker 3: ever worry about saying, oh, look at it and you

1392
01:05:02,360 --> 01:05:04,280
Speaker 3: took me half an hour, right, even though it's bringing

1393
01:05:04,400 --> 01:05:08,080
Speaker 3: I mean, is that just how music, like photography, like

1394
01:05:08,160 --> 01:05:09,360
Speaker 3: soundtracks are created.

1395
01:05:09,640 --> 01:05:11,880
Speaker 20: Well, no, okay, Look, there's a lot of things for

1396
01:05:11,960 --> 01:05:14,400
Speaker 20: this first going to be talented. Just to have a

1397
01:05:14,480 --> 01:05:16,800
Speaker 20: talent and a feel for the medium you're in. I'm

1398
01:05:16,960 --> 01:05:23,760
Speaker 20: naturally a musician. I don't think it matters. Some of

1399
01:05:23,760 --> 01:05:26,400
Speaker 20: the greatest things are done in your minutes, you know,

1400
01:05:26,560 --> 01:05:28,720
Speaker 20: and it's just they just thrive. And I'm trying to

1401
01:05:28,760 --> 01:05:31,880
Speaker 20: tell somebody this morning, another interview. You know, you sit

1402
01:05:31,920 --> 01:05:34,320
Speaker 20: there and slug away trying to write something, and then

1403
01:05:34,360 --> 01:05:36,880
Speaker 20: you give up and the last minute you give up,

1404
01:05:37,480 --> 01:05:39,520
Speaker 20: it suddenly arrives in your head. I mean, I think

1405
01:05:39,520 --> 01:05:42,200
Speaker 20: this stuff comes to you sort of from there. You

1406
01:05:42,200 --> 01:05:44,920
Speaker 20: could say it comes from years of training and practicing

1407
01:05:45,040 --> 01:05:47,640
Speaker 20: and working at it. But there's another sort of mysterious

1408
01:05:47,640 --> 01:05:51,240
Speaker 20: element to it where it just arrives sometimes and you

1409
01:05:51,640 --> 01:05:54,800
Speaker 20: have the ability to recognize that, Oh my god, that's there.

1410
01:05:55,480 --> 01:05:57,600
Speaker 20: I know it's all of that, and suddenly it pops out.

1411
01:05:57,880 --> 01:06:01,840
Speaker 20: So you don't I'm on it. You work for it,

1412
01:06:01,920 --> 01:06:07,440
Speaker 20: and then suddenly it arrives. I like that's a mysterious

1413
01:06:07,440 --> 01:06:11,160
Speaker 20: element of creation, creativity if you like composition.

1414
01:06:11,520 --> 01:06:13,520
Speaker 3: Is that the same as playing the guitar. I mean,

1415
01:06:13,520 --> 01:06:16,600
Speaker 3: it's always fascinated me. At what point do you get

1416
01:06:16,640 --> 01:06:19,200
Speaker 3: to if you ever do you are so at one

1417
01:06:19,280 --> 01:06:21,160
Speaker 3: with the thing you no longer even think about it.

1418
01:06:21,520 --> 01:06:24,640
Speaker 20: Well, I mean, you know, not sounding statistical, I did

1419
01:06:24,720 --> 01:06:28,680
Speaker 20: think I am at one with it. I've done it

1420
01:06:28,720 --> 01:06:32,400
Speaker 20: since I was a kid, and millions of hours to

1421
01:06:32,480 --> 01:06:34,960
Speaker 20: play the guitar, you know, in front of people, with people.

1422
01:06:35,000 --> 01:06:37,120
Speaker 20: Oh I love the guitar. I love playing it. I

1423
01:06:37,160 --> 01:06:39,600
Speaker 20: love the fact that I managed to live my life

1424
01:06:39,640 --> 01:06:43,520
Speaker 20: as a guitarist. And it'll probably see me out as well.

1425
01:06:44,600 --> 01:06:49,120
Speaker 20: And you know I don't necessarily sit with an earnest

1426
01:06:49,160 --> 01:06:52,480
Speaker 20: expression on my day. My faith every day, and I

1427
01:06:52,560 --> 01:06:54,520
Speaker 20: got to find you know, I've got to be better.

1428
01:06:54,640 --> 01:06:54,960
Speaker 12: I don't.

1429
01:06:55,760 --> 01:06:58,680
Speaker 20: So I'm at one with it. Like you pointed out,

1430
01:07:00,160 --> 01:07:02,520
Speaker 20: you know, I'm doing shows now, it's just me on stage.

1431
01:07:03,040 --> 01:07:05,520
Speaker 20: This is all. I'll be bigger in New Zealand. And

1432
01:07:05,800 --> 01:07:08,240
Speaker 20: I'm very comfortable with it, you know. I just I

1433
01:07:08,280 --> 01:07:11,080
Speaker 20: can do it. You know. It's not like I don't

1434
01:07:11,120 --> 01:07:13,800
Speaker 20: have to work up to anything. I'm there. I just

1435
01:07:13,840 --> 01:07:14,960
Speaker 20: hoped to have a good night with it.

1436
01:07:15,200 --> 01:07:17,439
Speaker 3: It's good, a good, good place to be. Andy hold

1437
01:07:17,480 --> 01:07:19,080
Speaker 3: on for a couple of moments, Andy Summers coming to

1438
01:07:19,120 --> 01:07:21,120
Speaker 3: the country. Ex Police of course, fifteen past.

1439
01:07:20,920 --> 01:07:24,960
Speaker 1: Eight, the mic Hosking Breakfast sent.

1440
01:07:24,840 --> 01:07:27,400
Speaker 3: Me seventeen past eight, The correct lends En missing string

1441
01:07:27,640 --> 01:07:29,640
Speaker 3: will give you some dates in a moment for Andy

1442
01:07:29,680 --> 01:07:31,840
Speaker 3: Summers's Well, by the way, how did you work out

1443
01:07:31,840 --> 01:07:34,080
Speaker 3: even when the police fell apart in the eighties, how

1444
01:07:34,080 --> 01:07:35,520
Speaker 3: did you work out what you were going to do?

1445
01:07:35,560 --> 01:07:37,040
Speaker 3: How are you going to do it? Whether you needed,

1446
01:07:37,040 --> 01:07:39,240
Speaker 3: you know, to formulate a whole new career? How did

1447
01:07:39,280 --> 01:07:39,920
Speaker 3: that come about?

1448
01:07:40,120 --> 01:07:40,400
Speaker 16: Well?

1449
01:07:40,480 --> 01:07:43,360
Speaker 20: I would say, you know, in my musical thought, in

1450
01:07:43,440 --> 01:07:47,440
Speaker 20: my musical head, you know, all those years running parallels

1451
01:07:47,480 --> 01:07:49,800
Speaker 20: to Police, I was interested in a lot of other things.

1452
01:07:49,800 --> 01:07:49,960
Speaker 1: You know.

1453
01:07:50,000 --> 01:07:52,600
Speaker 20: I mean I grew up not really the rock guitarist,

1454
01:07:52,600 --> 01:07:56,040
Speaker 20: but as a classic as a jazz I was jazz

1455
01:07:56,080 --> 01:07:58,920
Speaker 20: planning as a kids, you know, I was learning from

1456
01:07:58,920 --> 01:08:03,360
Speaker 20: people like Kenny Burrow, Jimmy Rainy Ways Montgomery. This is

1457
01:08:03,360 --> 01:08:06,200
Speaker 20: where I started. But then I started my professional life

1458
01:08:06,440 --> 01:08:13,280
Speaker 20: in a rid of blues band. But you know, post Police,

1459
01:08:13,880 --> 01:08:16,400
Speaker 20: I had a lot of information about all kinds of music,

1460
01:08:16,439 --> 01:08:18,600
Speaker 20: and so then there was really time to start composing

1461
01:08:19,920 --> 01:08:23,200
Speaker 20: instrumental music, not pop songs. And that's where I went

1462
01:08:23,240 --> 01:08:26,320
Speaker 20: with it, you know, influenced by all kinds of ECM records,

1463
01:08:26,320 --> 01:08:29,240
Speaker 20: for instance, with one of the influential meaning music of

1464
01:08:29,320 --> 01:08:31,160
Speaker 20: Colonious Monk, Miles Davis.

1465
01:08:31,320 --> 01:08:31,479
Speaker 6: All.

1466
01:08:31,560 --> 01:08:37,000
Speaker 20: This was something that I wished to take elements from

1467
01:08:37,080 --> 01:08:40,559
Speaker 20: and kind of build my own style, my own big mixture.

1468
01:08:40,600 --> 01:08:44,240
Speaker 3: If you like, what's more creatively fulfilling post the Police

1469
01:08:44,520 --> 01:08:45,040
Speaker 3: or the Police?

1470
01:08:45,520 --> 01:08:47,479
Speaker 20: Well that's not that's a bit of a cool question,

1471
01:08:47,560 --> 01:08:52,960
Speaker 20: because you know, well, I mean, well I can't really

1472
01:08:53,040 --> 01:08:57,120
Speaker 20: answer that. I mean, they were both two different things. Obviously,

1473
01:08:57,120 --> 01:09:00,200
Speaker 20: I was a huge contributor to the Police, as we

1474
01:09:00,280 --> 01:09:03,000
Speaker 20: all were, you know, with the Magic band. You know,

1475
01:09:03,080 --> 01:09:06,040
Speaker 20: they don't come along way after. But I've enjoyed I've

1476
01:09:06,080 --> 01:09:09,040
Speaker 20: made forteen solo albums and I really dug into it,

1477
01:09:09,120 --> 01:09:13,000
Speaker 20: and I totally enjoyed making albums. In fact, I just

1478
01:09:13,080 --> 01:09:18,240
Speaker 20: renewed my studio equipment completely too. Yeah, go back to

1479
01:09:18,320 --> 01:09:20,360
Speaker 20: recording in the next Well, I.

1480
01:09:20,240 --> 01:09:20,880
Speaker 12: Hope this year.

1481
01:09:21,439 --> 01:09:24,240
Speaker 20: Yeah, I think we went through a weird time with

1482
01:09:24,320 --> 01:09:27,599
Speaker 20: COVID and everything seemed to stop, and now it feels

1483
01:09:27,640 --> 01:09:29,880
Speaker 20: like life is coming back again. And you know, I'm

1484
01:09:29,920 --> 01:09:34,120
Speaker 20: on the road and I reknew the studio, So yeah,

1485
01:09:34,560 --> 01:09:34,840
Speaker 20: I sup.

1486
01:09:35,960 --> 01:09:39,759
Speaker 3: I always like to know the answer with stories like yours,

1487
01:09:40,439 --> 01:09:43,200
Speaker 3: So if people don't know it at the beginning, before

1488
01:09:43,200 --> 01:09:46,280
Speaker 3: the Police started, when you had nothing right and no

1489
01:09:46,280 --> 01:09:48,559
Speaker 3: one would hire you, and there was no money and

1490
01:09:48,560 --> 01:09:51,360
Speaker 3: there weren't any hits, and then not long after that

1491
01:09:51,720 --> 01:09:54,479
Speaker 3: Roxane came along, you were suddenly banging the biggest band

1492
01:09:54,520 --> 01:09:58,120
Speaker 3: in the world, having headed all and had nothing. What's

1493
01:09:58,120 --> 01:09:59,000
Speaker 3: it like to live through that?

1494
01:09:59,760 --> 01:10:02,280
Speaker 20: Well, it was fabulous. And I'll just comment on that

1495
01:10:02,360 --> 01:10:04,360
Speaker 20: because I did get you know, when I was living

1496
01:10:04,400 --> 01:10:07,479
Speaker 20: in California, he's before going back to London and then

1497
01:10:07,560 --> 01:10:11,559
Speaker 20: ultimately joining the police, I was down to literally nothing,

1498
01:10:11,720 --> 01:10:15,679
Speaker 20: you know. I was, you know, hand about existence. I've

1499
01:10:15,680 --> 01:10:19,880
Speaker 20: never forgotten it. The one thing that kept me going, honestly,

1500
01:10:19,920 --> 01:10:21,840
Speaker 20: and I'm not to stand Corney was my faith in

1501
01:10:21,880 --> 01:10:25,120
Speaker 20: the guitar, faith in music and my abilities were that

1502
01:10:25,240 --> 01:10:27,759
Speaker 20: and you know that maybe virtually one day it would surface,

1503
01:10:28,880 --> 01:10:30,640
Speaker 20: you know. And it did, you know, but in a

1504
01:10:30,680 --> 01:10:35,160
Speaker 20: most unlikely way. Because I joined a band that had

1505
01:10:35,240 --> 01:10:38,599
Speaker 20: nothing and no future. The only thing we could believe

1506
01:10:38,640 --> 01:10:41,040
Speaker 20: in was our ability to make music, and eventually we

1507
01:10:41,200 --> 01:10:46,960
Speaker 20: cut through. Fact, it was pretty quick joining. Yeah, so

1508
01:10:47,840 --> 01:10:50,080
Speaker 20: you've got to keep the faith, you know. And it's

1509
01:10:50,120 --> 01:10:53,920
Speaker 20: hard to say that to young musicians because the whole

1510
01:10:54,000 --> 01:10:56,519
Speaker 20: game has changed. You know, people don't buy records anymore.

1511
01:10:56,960 --> 01:10:59,880
Speaker 20: You know, it's all gone now, it's just dreaming and

1512
01:10:59,880 --> 01:11:02,680
Speaker 20: all that. And you know, a young person wants to

1513
01:11:02,720 --> 01:11:05,160
Speaker 20: live a life in music, even make any money anymore,

1514
01:11:05,200 --> 01:11:06,559
Speaker 20: to stay their life.

1515
01:11:06,600 --> 01:11:08,439
Speaker 3: Looking forward to seeing you in the country. By the way,

1516
01:11:08,479 --> 01:11:10,599
Speaker 3: what's your relationship with New Zealand. How long has it been?

1517
01:11:11,880 --> 01:11:15,960
Speaker 20: Yeah, I think it's been a few years. I don't

1518
01:11:16,000 --> 01:11:18,680
Speaker 20: think I've ever played there on my own, so this

1519
01:11:18,800 --> 01:11:21,160
Speaker 20: would be at first did play the other Police, and

1520
01:11:21,200 --> 01:11:25,200
Speaker 20: I toured Australia on my arm, but not New Zealand.

1521
01:11:25,400 --> 01:11:29,599
Speaker 20: But of course you know you're one. I mean, maybe

1522
01:11:29,920 --> 01:11:33,360
Speaker 20: say this, but you do tend to associate New Zealand

1523
01:11:33,360 --> 01:11:36,000
Speaker 20: with Great Britain, you know, first time I ever worked now,

1524
01:11:36,000 --> 01:11:39,200
Speaker 20: I thought, oh, it's just like him. Well, but got

1525
01:11:39,240 --> 01:11:45,439
Speaker 20: a climates, so it's sort of a kinship that's different

1526
01:11:46,040 --> 01:11:48,519
Speaker 20: for an English person with say America, you know Zelians,

1527
01:11:48,560 --> 01:11:51,799
Speaker 20: you feel it's partly British, and no question about that exactly.

1528
01:11:51,840 --> 01:11:54,040
Speaker 3: I listen, go well, and we'll catch up when you're

1529
01:11:54,040 --> 01:11:56,320
Speaker 3: here later on in the Andy summers out of New

1530
01:11:56,360 --> 01:11:57,880
Speaker 3: York for us this morning the crect lens and the

1531
01:11:57,880 --> 01:12:01,320
Speaker 3: Missing String. He's here septim the middle of September, is

1532
01:12:01,320 --> 01:12:03,559
Speaker 3: obviously taking a holiday between the two September nineteen and

1533
01:12:03,560 --> 01:12:06,439
Speaker 3: Wellington twenty in christ Church. Then there's a break until

1534
01:12:06,479 --> 01:12:09,439
Speaker 3: the third of October when he is in Auckland A

1535
01:12:09,600 --> 01:12:10,280
Speaker 3: twenty two.

1536
01:12:11,200 --> 01:12:15,120
Speaker 2: On My Costal Breakfast with Bailey's Free Estate News Talks IVY.

1537
01:12:15,560 --> 01:12:18,040
Speaker 3: As we age the old, energy levels can sometimes dip

1538
01:12:18,080 --> 01:12:19,800
Speaker 3: you know, agent doesn't have to mean slowing down, not

1539
01:12:19,960 --> 01:12:22,360
Speaker 3: at all. So by taking good care of ourselves, we

1540
01:12:22,400 --> 01:12:24,559
Speaker 3: can continue our own adventures and do what we love,

1541
01:12:24,600 --> 01:12:27,080
Speaker 3: which is where Resvie Ultimate comes in. Res Vie Ultimate

1542
01:12:27,080 --> 01:12:30,200
Speaker 3: from About Health helping thousands of kei weis do exactly

1543
01:12:30,360 --> 01:12:32,679
Speaker 3: that by supporting the energy levels and the joint health

1544
01:12:32,680 --> 01:12:35,120
Speaker 3: and so much more so. Rizvie Ultimate formulator with those

1545
01:12:35,120 --> 01:12:39,000
Speaker 3: super antioxidants the things your bodies love, rizveritrol, pine bark,

1546
01:12:39,000 --> 01:12:42,360
Speaker 3: grape skin, extra green tea Tumeric supports the energy and

1547
01:12:42,479 --> 01:12:45,120
Speaker 3: vitality throughout the day, so you keep doing what you love.

1548
01:12:45,160 --> 01:12:47,240
Speaker 3: O eight hundred triple nine three or nine is the number,

1549
01:12:47,240 --> 01:12:50,760
Speaker 3: by the way, about health dot co dot Nz online

1550
01:12:51,040 --> 01:12:52,920
Speaker 3: order you supply the res Vie Ultimate, use the code

1551
01:12:52,920 --> 01:12:55,960
Speaker 3: breakfast Breakfast and we sent a thirty capsule bottle of

1552
01:12:56,000 --> 01:12:58,840
Speaker 3: the list as nightcap absolutely free with your purchase that

1553
01:12:58,880 --> 01:13:01,160
Speaker 3: will help support the great sleep. Read the label and

1554
01:13:01,200 --> 01:13:04,439
Speaker 3: take only as director, of course, but the telephone number

1555
01:13:04,560 --> 01:13:06,800
Speaker 3: eight hundred triple nine three oh nine online at about

1556
01:13:06,800 --> 01:13:09,639
Speaker 3: health dot Co's ARTNZ for the fabulous res v Ultimate

1557
01:13:09,720 --> 01:13:13,479
Speaker 3: only from a Bad Health asking Mike Andy Summers eighty

1558
01:13:13,479 --> 01:13:15,240
Speaker 3: one years old, amazing energy. And you know why he's

1559
01:13:15,280 --> 01:13:17,200
Speaker 3: got amazing energy at eighty one years old, because he

1560
01:13:17,200 --> 01:13:18,680
Speaker 3: does what he loves. And if you do what you love,

1561
01:13:18,840 --> 01:13:20,120
Speaker 3: you never work a day in your life and you

1562
01:13:20,120 --> 01:13:22,560
Speaker 3: feel good. Mike, great interview with Andy Summers, very accomplished

1563
01:13:22,600 --> 01:13:26,120
Speaker 3: guitarist Robbie Krieger, guitarist from the Doors playing the Whiskey

1564
01:13:26,160 --> 01:13:28,960
Speaker 3: in La seventeenth of July, which is fantastic. Thank you, David.

1565
01:13:29,280 --> 01:13:31,519
Speaker 3: Mike asked Andy about a guitar to wear. It clapped, Yeah, no,

1566
01:13:31,600 --> 01:13:33,360
Speaker 3: I didn't ask about that is a Liz Paul guitar.

1567
01:13:33,360 --> 01:13:35,519
Speaker 3: A Gibson Liz Paul guitar turned out to be worth

1568
01:13:35,560 --> 01:13:37,599
Speaker 3: a million dollars. It's quite a funny story. I'm sure

1569
01:13:37,600 --> 01:13:39,200
Speaker 3: you can look it up. It'll be on on the

1570
01:13:39,240 --> 01:13:43,080
Speaker 3: net somewhere right Rishie v Kia, how did it go tonight?

1571
01:13:43,080 --> 01:13:45,320
Speaker 3: It was the second of three There are two debates.

1572
01:13:45,360 --> 01:13:48,719
Speaker 3: Tonight was the interview, followed by some questions from the audience.

1573
01:13:49,000 --> 01:13:53,400
Speaker 3: When we last left it, Kia was looking moderately relatable.

1574
01:13:53,439 --> 01:13:55,760
Speaker 3: We thought, what does Rod think about it? Because he's

1575
01:13:55,760 --> 01:13:58,760
Speaker 3: been watching on our behalf of course, and Rishie was

1576
01:13:59,000 --> 01:14:01,640
Speaker 3: full of contrition over the D day business. So some

1577
01:14:01,800 --> 01:14:04,599
Speaker 3: highlights in Rod Little after the News, which is next

1578
01:14:04,720 --> 01:14:06,000
Speaker 3: your news talks, he'd be.

1579
01:14:14,400 --> 01:14:18,639
Speaker 2: Your trusted source for news and views, the mic asking,

1580
01:14:18,680 --> 01:14:22,400
Speaker 2: breakfast with Jaguar, the art of Performance news talks.

1581
01:14:22,400 --> 01:14:23,080
Speaker 1: He'd been right.

1582
01:14:23,160 --> 01:14:26,640
Speaker 3: So they've been well, they haven't really been battling it up.

1583
01:14:26,640 --> 01:14:28,040
Speaker 3: They've been doing it back and forth. So it was

1584
01:14:28,040 --> 01:14:30,479
Speaker 3: on a stage here This is Sonic and Kia Starma

1585
01:14:30,760 --> 01:14:32,960
Speaker 3: Beth Rugby was the interview for Sky News and they

1586
01:14:33,000 --> 01:14:34,599
Speaker 3: went in front of an audience as well and took

1587
01:14:34,600 --> 01:14:35,759
Speaker 3: some questions. This was Sonic.

1588
01:14:35,960 --> 01:14:38,320
Speaker 17: I'm excited to have the opportunity to talk to everyone,

1589
01:14:38,320 --> 01:14:40,719
Speaker 17: not just tonight, but across the campaign, out and about

1590
01:14:40,720 --> 01:14:43,439
Speaker 17: in the country about our plans for the future because

1591
01:14:43,479 --> 01:14:44,960
Speaker 17: I know we've been through a tough time. Of course

1592
01:14:45,000 --> 01:14:47,120
Speaker 17: we have, and I'm sure we'll talk about it's been

1593
01:14:47,160 --> 01:14:49,720
Speaker 17: tough for all of you here tonight, everyone watching. But

1594
01:14:49,800 --> 01:14:52,080
Speaker 17: I do believe we've turned a corner and we've got

1595
01:14:52,120 --> 01:14:54,040
Speaker 17: a clear plan for the future to make a difference

1596
01:14:54,040 --> 01:14:56,599
Speaker 17: to people, to cut their taxes, to bring down immigration,

1597
01:14:56,720 --> 01:14:59,639
Speaker 17: to protect pensions. Those are all things that I think matter.

1598
01:15:00,040 --> 01:15:01,640
Speaker 17: There's the thing that people want, and so I'm going

1599
01:15:01,680 --> 01:15:03,679
Speaker 17: to keep fighting hard till the last day of this election.

1600
01:15:03,840 --> 01:15:04,759
Speaker 3: Starm ahead of Craig.

1601
01:15:04,920 --> 01:15:07,240
Speaker 4: The easiest thing in the world is what Roschie Sunak

1602
01:15:07,360 --> 01:15:09,519
Speaker 4: is doing is to simply say you can have everything.

1603
01:15:09,800 --> 01:15:13,519
Speaker 4: Unfunded commitments, unfunded promises. That's what got us into this

1604
01:15:13,600 --> 01:15:16,160
Speaker 4: problem in the first place. And working people are paying

1605
01:15:16,200 --> 01:15:19,000
Speaker 4: the price with higher bills, so they're mortgages. I'm not

1606
01:15:19,040 --> 01:15:21,519
Speaker 4: prepared to have a later government ever make that mistake.

1607
01:15:21,920 --> 01:15:27,639
Speaker 3: It would some track, Miss Lena, I don't know anyway.

1608
01:15:27,880 --> 01:15:29,599
Speaker 3: Bit turned out to be the star of the show.

1609
01:15:29,560 --> 01:15:30,480
Speaker 1: In this parliament.

1610
01:15:30,479 --> 01:15:34,240
Speaker 3: We've had three prime ministers, five chancellors, five Home secretaries,

1611
01:15:34,479 --> 01:15:35,800
Speaker 3: six Health secretaries.

1612
01:15:36,160 --> 01:15:37,640
Speaker 2: How do we know?

1613
01:15:38,520 --> 01:15:40,160
Speaker 17: How do we know that if you won the general

1614
01:15:40,160 --> 01:15:41,880
Speaker 17: election you'd still be Prime Minister.

1615
01:15:41,960 --> 01:15:49,680
Speaker 2: In the year's time, International correspondence with INSIT our Insurance

1616
01:15:49,800 --> 01:15:51,479
Speaker 2: Peace of mind for New Zealand business.

1617
01:15:51,680 --> 01:15:53,599
Speaker 3: It's twenty two minutes away from mine watching it all,

1618
01:15:53,600 --> 01:15:56,519
Speaker 3: and in Britain, rodinands with us morning Mac good Now,

1619
01:15:56,560 --> 01:15:57,960
Speaker 3: I've been trying to conduct a brick with a show

1620
01:15:57,960 --> 01:16:02,000
Speaker 3: while watching this leader's chet slash audience and direction. What

1621
01:16:02,040 --> 01:16:02,960
Speaker 3: do you make of it so far?

1622
01:16:03,560 --> 01:16:06,200
Speaker 12: And The remarkable thing is that you know, Kirs Starmery

1623
01:16:06,240 --> 01:16:08,240
Speaker 12: is well ahead in the polls twenty five percent. If

1624
01:16:08,280 --> 01:16:10,680
Speaker 12: he believes the polls. I don't, as it happens, but

1625
01:16:10,960 --> 01:16:15,719
Speaker 12: he's well ahead without question. He is an appalling public

1626
01:16:15,760 --> 01:16:19,680
Speaker 12: speaker and performs very badly on the stump. And what

1627
01:16:19,720 --> 01:16:22,360
Speaker 12: we saw tonight was what I think is quite a

1628
01:16:22,400 --> 01:16:26,880
Speaker 12: serious mistake by their labor leader where he was asked

1629
01:16:26,960 --> 01:16:30,920
Speaker 12: right at the very outset of this debate as to

1630
01:16:31,400 --> 01:16:36,200
Speaker 12: why he had supported Jeremy Corbin's attempts to become prime minister.

1631
01:16:36,640 --> 01:16:39,439
Speaker 12: He was the deputy to Jeremy Corbin and he had

1632
01:16:39,439 --> 01:16:42,240
Speaker 12: thrown everything behind into his attempt to get Jeremy Corbyn

1633
01:16:42,240 --> 01:16:46,360
Speaker 12: di elected as prime minister. And asked this question, he replied, well,

1634
01:16:46,400 --> 01:16:49,240
Speaker 12: because I never thought we were going to win. And

1635
01:16:49,760 --> 01:16:57,400
Speaker 12: that is remarkable, remarkable, revelatory and remarkable. And I think

1636
01:16:57,400 --> 01:17:01,320
Speaker 12: he will come back to haunt him because it kind

1637
01:17:01,320 --> 01:17:04,920
Speaker 12: of gets at an idea we have of Starma, which

1638
01:17:04,960 --> 01:17:08,040
Speaker 12: is that he has no principle, which is that he

1639
01:17:08,080 --> 01:17:11,360
Speaker 12: is not to be trusted. And this is despite having

1640
01:17:11,520 --> 01:17:14,080
Speaker 12: and I've said this to you many times, Mike, you

1641
01:17:14,120 --> 01:17:19,400
Speaker 12: know he has undoubtedly transformed the Labor Party, but I'm

1642
01:17:19,520 --> 01:17:22,080
Speaker 12: increasingly i'm sure as to what he's transformed the Labor

1643
01:17:22,080 --> 01:17:27,080
Speaker 12: Party into soon. Act. By contrast, tends to do rather

1644
01:17:27,160 --> 01:17:30,559
Speaker 12: well in these debates. You know, he won the last

1645
01:17:30,600 --> 01:17:36,320
Speaker 12: one very very clearly, and I think probably edged it tonight.

1646
01:17:36,840 --> 01:17:39,120
Speaker 3: And having said that, I applied a clip on the

1647
01:17:39,120 --> 01:17:43,120
Speaker 3: program earlier about his D Day and he seems exceedingly

1648
01:17:43,200 --> 01:17:44,080
Speaker 3: contrite about it.

1649
01:17:44,120 --> 01:17:44,320
Speaker 1: Now.

1650
01:17:44,880 --> 01:17:46,479
Speaker 3: Is D Day going to haunt him all the way

1651
01:17:46,479 --> 01:17:48,960
Speaker 3: to the election, or can say tonight and being contried

1652
01:17:49,000 --> 01:17:49,760
Speaker 3: he moved past him.

1653
01:17:50,280 --> 01:17:52,360
Speaker 12: No, no, it'll haunt him all the way. It's a

1654
01:17:54,040 --> 01:17:57,680
Speaker 12: it's another symptom, not a symptom. It's a consequence of

1655
01:17:57,720 --> 01:18:03,880
Speaker 12: the Conservative Party's long term arrogance and disrespect for the

1656
01:18:03,960 --> 01:18:09,559
Speaker 12: ordinary people of the country. And I'm afraid also suggests

1657
01:18:09,560 --> 01:18:12,320
Speaker 12: to me that Richie Sumac is a bit sick if

1658
01:18:12,320 --> 01:18:15,519
Speaker 12: he did not see this coming, you know, because I

1659
01:18:15,520 --> 01:18:18,200
Speaker 12: would have seen it coming, and I'm not you know

1660
01:18:20,120 --> 01:18:24,759
Speaker 12: Einstein or Niels Bohr. You know, I would have seen

1661
01:18:24,840 --> 01:18:28,680
Speaker 12: this problem coming down the track. And he did it

1662
01:18:28,760 --> 01:18:31,840
Speaker 12: clearly for self interest. You know, he cannot get away

1663
01:18:31,840 --> 01:18:36,400
Speaker 12: from that. He did from self interest. An interview which

1664
01:18:36,439 --> 01:18:39,680
Speaker 12: will probably never be heard and no one will have

1665
01:18:39,760 --> 01:18:44,479
Speaker 12: taken notice of and left the D Day Commemorative service.

1666
01:18:44,800 --> 01:18:49,960
Speaker 12: I think it's going too far for Nigel Farage to

1667
01:18:50,000 --> 01:18:54,599
Speaker 12: say he doesn't understand our culture. Farage later said that

1668
01:18:54,640 --> 01:18:57,759
Speaker 12: he meant his class. I don't believe Nigel was telling

1669
01:18:57,800 --> 01:19:03,760
Speaker 12: the truth because there are many many Indians who fought

1670
01:19:04,120 --> 01:19:08,000
Speaker 12: long and hard for Britain during the Second World War,

1671
01:19:09,040 --> 01:19:11,280
Speaker 12: and I think Richard soon have to let them down

1672
01:19:11,280 --> 01:19:11,719
Speaker 12: as well.

1673
01:19:12,160 --> 01:19:15,080
Speaker 3: Craig Williams and laying bits on an election that hadn't

1674
01:19:15,120 --> 01:19:17,559
Speaker 3: been called. Is this trouble or scandal or a.

1675
01:19:17,560 --> 01:19:19,840
Speaker 10: Bit about ah?

1676
01:19:20,040 --> 01:19:23,640
Speaker 12: I think it's I think it's background shatter mainly. I

1677
01:19:23,680 --> 01:19:27,640
Speaker 12: don't I don't know. There are so many little stories

1678
01:19:27,760 --> 01:19:31,559
Speaker 12: of trouble popping up all over the place that I

1679
01:19:31,640 --> 01:19:34,320
Speaker 12: don't think it's going to get as much attraction as

1680
01:19:34,360 --> 01:19:38,559
Speaker 12: perhaps it would have done in a quieter time. But

1681
01:19:39,479 --> 01:19:43,760
Speaker 12: there's no question, you know the Conservatives are going to

1682
01:19:43,840 --> 01:19:47,960
Speaker 12: lose this election. I didn't think that was necessarily true

1683
01:19:48,000 --> 01:19:52,200
Speaker 12: two weeks ago until Farage jumped with both feet into

1684
01:19:52,240 --> 01:19:56,040
Speaker 12: the mix, and that changed everything exactly, and it demoralized

1685
01:19:56,080 --> 01:20:00,240
Speaker 12: the Tories, and it also wrecked their vote. I think

1686
01:20:00,240 --> 01:20:01,760
Speaker 12: we're in a very different position now.

1687
01:20:02,080 --> 01:20:05,360
Speaker 3: Can the euro save the mood? I mean, are you

1688
01:20:05,439 --> 01:20:08,160
Speaker 3: bringing at home or as Gareth not quite the genius

1689
01:20:08,160 --> 01:20:09,240
Speaker 3: that some have might amount to be.

1690
01:20:10,040 --> 01:20:14,719
Speaker 12: I don't think. I think goodness me. I think Richie

1691
01:20:14,800 --> 01:20:16,960
Speaker 12: Senak would be a better manager of the England than

1692
01:20:17,040 --> 01:20:20,880
Speaker 12: Gareth Southgate. I think he is an atrocious manager and

1693
01:20:20,960 --> 01:20:24,320
Speaker 12: our last game was a nil one home defeat by Iceland,

1694
01:20:25,080 --> 01:20:27,439
Speaker 12: a country which as you know, has three hundred thousand

1695
01:20:27,479 --> 01:20:32,280
Speaker 12: people in it. However, there is a link between the

1696
01:20:32,280 --> 01:20:36,559
Speaker 12: feel good factor of doing well a football and winning elections.

1697
01:20:36,600 --> 01:20:40,920
Speaker 12: The famous one was nineteen seventy when Edward He's came

1698
01:20:40,960 --> 01:20:45,679
Speaker 12: from Behung to take the election from Harold Wilson because

1699
01:20:45,720 --> 01:20:49,800
Speaker 12: England had been evicted from the World Cup unexpectedly and

1700
01:20:50,080 --> 01:20:52,840
Speaker 12: the nation was in gloom and decided to vote for

1701
01:20:52,880 --> 01:20:58,000
Speaker 12: the opposition. Richie is expecting a reverse ferrit here that

1702
01:20:58,160 --> 01:21:02,280
Speaker 12: Gareth Southgate somehow gett through to the semi finals of

1703
01:21:02,360 --> 01:21:05,920
Speaker 12: the Euros and a feel good factor. I don't see

1704
01:21:05,960 --> 01:21:06,519
Speaker 12: it myself.

1705
01:21:06,600 --> 01:21:07,920
Speaker 3: All right, right, do you have a good weekend and

1706
01:21:07,960 --> 01:21:11,000
Speaker 3: we'll catch up next Tuesday. Rod Little with the news

1707
01:21:11,000 --> 01:21:13,280
Speaker 3: out of the UK and the campaign of twenty twenty

1708
01:21:13,320 --> 01:21:18,639
Speaker 3: four sixteen two, the host Rexist thirteen to nine. Mike said,

1709
01:21:18,680 --> 01:21:20,519
Speaker 3: the review of banks is rural only. Why not for

1710
01:21:20,560 --> 01:21:23,040
Speaker 3: all small businesses? Sixty percent of bank profits come from

1711
01:21:23,080 --> 01:21:26,360
Speaker 3: small businesses, et cetera. You're wrong, you heard it wrong,

1712
01:21:26,400 --> 01:21:28,960
Speaker 3: whatever the case may be. It's a complete banking review

1713
01:21:29,120 --> 01:21:31,559
Speaker 3: and the law be called. All the banks, retail banks

1714
01:21:31,560 --> 01:21:33,400
Speaker 3: and the Reserve Bank are going to be called, and

1715
01:21:33,439 --> 01:21:36,080
Speaker 3: so it's all in on the bank. So it's not

1716
01:21:36,120 --> 01:21:39,320
Speaker 3: just rural. There's an emphasis on rural, but it'll all

1717
01:21:39,360 --> 01:21:42,160
Speaker 3: be covered off. Back briefly to Kevin Spacey. Well worth

1718
01:21:42,160 --> 01:21:45,280
Speaker 3: watching if you followed the Spacy story and the Piers

1719
01:21:45,320 --> 01:21:49,160
Speaker 3: Morgan interview, which is on YouTube easily accessible for everybody anyway,

1720
01:21:49,200 --> 01:21:50,719
Speaker 3: The point of it is hour and a half long.

1721
01:21:51,280 --> 01:21:55,080
Speaker 3: You come away irrefutably with the conclusion that Kevin Spacey

1722
01:21:55,120 --> 01:21:58,880
Speaker 3: has been stitched up. What my suspicion going in was

1723
01:21:58,920 --> 01:22:03,240
Speaker 3: showing to be correct. He at his height was clearly arrogant.

1724
01:22:04,000 --> 01:22:06,760
Speaker 3: He did things, said things, behaved in ways that you

1725
01:22:06,800 --> 01:22:13,800
Speaker 3: would find unacceptable or upsetting or creepy. And he was

1726
01:22:13,840 --> 01:22:16,639
Speaker 3: one of those blokes in the theater, and it comes

1727
01:22:16,680 --> 01:22:18,160
Speaker 3: across a little bit in the interview. I mean the

1728
01:22:18,200 --> 01:22:20,400
Speaker 3: interviews a very good interview, but there are moments where

1729
01:22:20,400 --> 01:22:22,040
Speaker 3: you think how much of this is real, how much

1730
01:22:22,320 --> 01:22:24,440
Speaker 3: this is acting on his part. He's a very theatrical

1731
01:22:24,520 --> 01:22:26,680
Speaker 3: sort of personality, which is not to criticize him as

1732
01:22:26,680 --> 01:22:28,719
Speaker 3: just a year is who he is. Anyway, The upshot

1733
01:22:28,760 --> 01:22:32,400
Speaker 3: is this The initial allegations were criminal, though he was

1734
01:22:32,400 --> 01:22:35,120
Speaker 3: found not guilty. There was some civil action in court

1735
01:22:35,360 --> 01:22:37,400
Speaker 3: he was found not guilty. There was a couple of

1736
01:22:37,479 --> 01:22:39,599
Speaker 3: nutbars who went after him and it became a pile

1737
01:22:39,680 --> 01:22:41,639
Speaker 3: on and this is the great sadness of this whole thing,

1738
01:22:41,640 --> 01:22:43,519
Speaker 3: and he was a victim of the whole cancel culture

1739
01:22:43,840 --> 01:22:49,400
Speaker 3: still is canceled, and he's been found guilty of nothing. Nothing.

1740
01:22:50,800 --> 01:22:54,080
Speaker 3: The alleged headline out of yesterday was he was a

1741
01:22:54,080 --> 01:22:58,160
Speaker 3: bit handsy. He said that before this wasn't new. He

1742
01:22:58,200 --> 01:23:01,320
Speaker 3: did things with people that were over avert and flirty

1743
01:23:02,400 --> 01:23:06,880
Speaker 3: and for some too much. But when it got tested

1744
01:23:06,960 --> 01:23:09,360
Speaker 3: in court, there was nothing there. There was one person,

1745
01:23:09,400 --> 01:23:11,880
Speaker 3: for example, who was sixty something years old, had cancer

1746
01:23:11,920 --> 01:23:13,720
Speaker 3: and accused him of sexual assault, and he died before

1747
01:23:13,720 --> 01:23:15,200
Speaker 3: it ever came to court. He could prove he wasn't

1748
01:23:15,200 --> 01:23:18,160
Speaker 3: even there. He wasn't even in the state when allegedly

1749
01:23:18,200 --> 01:23:20,519
Speaker 3: the event came. There was another woman who was a stalker,

1750
01:23:20,800 --> 01:23:22,880
Speaker 3: had sent white powder to the Old Vic. They had

1751
01:23:22,920 --> 01:23:25,240
Speaker 3: evacuated the Old Vic because of this nutter. She was

1752
01:23:25,280 --> 01:23:28,560
Speaker 3: stuck in jail. She came out of jail started making accusations.

1753
01:23:28,600 --> 01:23:30,200
Speaker 3: They were working out whether she could go back to

1754
01:23:30,280 --> 01:23:32,840
Speaker 3: jail again. When she started making the accusations that she

1755
01:23:33,000 --> 01:23:35,559
Speaker 3: had been sexually assaulted. It came to nothing. It became

1756
01:23:35,640 --> 01:23:38,880
Speaker 3: a pile on And he was asked, quite rightly, how

1757
01:23:38,960 --> 01:23:41,320
Speaker 3: is it possible, given that nothing actually has come out

1758
01:23:41,320 --> 01:23:44,839
Speaker 3: of this other than rumor, innuendo and perhaps some behavior

1759
01:23:44,880 --> 01:23:47,920
Speaker 3: that you later regret, how is it you still canceled?

1760
01:23:48,720 --> 01:23:51,120
Speaker 3: And he said, not enough adults in the room. And

1761
01:23:51,160 --> 01:23:52,600
Speaker 3: I thought there was a very good way of putting it.

1762
01:23:52,640 --> 01:23:54,920
Speaker 3: In other words, the world is full of people who

1763
01:23:54,960 --> 01:23:57,360
Speaker 3: live in fear, and so as many and he said

1764
01:23:57,520 --> 01:23:59,960
Speaker 3: Prince Charles as he was then, gave him some support.

1765
01:24:00,720 --> 01:24:03,479
Speaker 3: Elton John David Furnish gave him some support. Have been

1766
01:24:03,520 --> 01:24:07,439
Speaker 3: supportive ever since. Sharon Stone has given him support. And

1767
01:24:07,439 --> 01:24:09,720
Speaker 3: that's where it became quite emotional because he became very

1768
01:24:09,800 --> 01:24:11,759
Speaker 3: upset because very hard for these people to give support

1769
01:24:11,760 --> 01:24:15,360
Speaker 3: publicly to a person who had been canceled. And what happens.

1770
01:24:15,400 --> 01:24:17,160
Speaker 3: There was a Channel four documentary that went out in

1771
01:24:17,160 --> 01:24:19,760
Speaker 3: Britain the other night that was basically a stitch up,

1772
01:24:19,840 --> 01:24:23,160
Speaker 3: and they played bits of it and they had the allegations,

1773
01:24:23,160 --> 01:24:26,960
Speaker 3: They talked to the allegations. He proved why the allegations

1774
01:24:27,000 --> 01:24:29,280
Speaker 3: weren't true. And so it is, as I say, just

1775
01:24:29,320 --> 01:24:32,280
Speaker 3: a pyle. And so you come out as I think

1776
01:24:32,520 --> 01:24:35,040
Speaker 3: the tide has turned, or it hasn't turned, it's turning.

1777
01:24:35,800 --> 01:24:37,840
Speaker 3: You come out with some real sympathy because this guy's

1778
01:24:37,880 --> 01:24:40,519
Speaker 3: life's over, it's finished. He's got not a cent, he

1779
01:24:40,600 --> 01:24:43,479
Speaker 3: has no work. His house was being foreclosed on yesterday

1780
01:24:43,520 --> 01:24:46,680
Speaker 3: in Baltimore. He's been wrecked by this and yet there

1781
01:24:46,760 --> 01:24:50,320
Speaker 3: is not a single court anywhere in the world that

1782
01:24:50,400 --> 01:24:53,679
Speaker 3: has found him guilty of anything. So it's well worth

1783
01:24:53,680 --> 01:24:55,080
Speaker 3: a watch. Nine to nine.

1784
01:24:56,720 --> 01:24:59,479
Speaker 1: The my Cosme Breakfast with Arfeeder.

1785
01:25:00,760 --> 01:25:02,679
Speaker 3: Now you may have heard the legendary British car brand

1786
01:25:02,760 --> 01:25:05,680
Speaker 3: Jaguar embracing an all electric future, famous of course for

1787
01:25:05,720 --> 01:25:08,920
Speaker 3: its providence and British creativity. Performance and designed since nineteen

1788
01:25:09,040 --> 01:25:12,000
Speaker 3: thirty five, they're currently on a path to inspire. Like nowhether,

1789
01:25:12,000 --> 01:25:16,240
Speaker 3: they're radically reimagined as an exuberant, compelling and disruptive luxury

1790
01:25:16,240 --> 01:25:18,840
Speaker 3: brand and bidding farewell to the old internal combustion engine.

1791
01:25:18,880 --> 01:25:20,680
Speaker 3: So with us in mind, if you'd like to get

1792
01:25:20,720 --> 01:25:23,120
Speaker 3: your hands on one of the very last Jaguars of

1793
01:25:23,160 --> 01:25:25,640
Speaker 3: this particular breed, now is the time to see your

1794
01:25:25,680 --> 01:25:28,000
Speaker 3: Jaguar retailer so you can own a piece of history

1795
01:25:28,280 --> 01:25:31,519
Speaker 3: with a fixed interest rate of zero percent perannum up

1796
01:25:31,520 --> 01:25:33,799
Speaker 3: to twenty four months. So you got your initial DEPOSITI

1797
01:25:33,800 --> 01:25:36,479
Speaker 3: of one third, followed with two more equal payments on

1798
01:25:36,560 --> 01:25:39,280
Speaker 3: the first and second anniversaries of your loan. The exclusive

1799
01:25:39,320 --> 01:25:42,400
Speaker 3: deal valid only this month June thirty or indeed wilstocks last,

1800
01:25:42,400 --> 01:25:44,679
Speaker 3: which ever becomes first, And of course, all vehicles purchased

1801
01:25:44,880 --> 01:25:48,080
Speaker 3: from a retailer Jaguar retailer will be maintained through the

1802
01:25:48,120 --> 01:25:52,120
Speaker 3: retailer's sue Perier servicing and customer support network. Terms and

1803
01:25:52,120 --> 01:25:55,519
Speaker 3: conditions apply. Contact your nearest retailer for more information on

1804
01:25:55,600 --> 01:26:02,400
Speaker 3: the fabulous Jaguar. Pasking Gin who's with BTS has been

1805
01:26:02,479 --> 01:26:04,280
Speaker 3: let out of the military been there for the last

1806
01:26:04,280 --> 01:26:07,400
Speaker 3: eighteen months, and to celebrate he today is hugging one

1807
01:26:07,439 --> 01:26:11,760
Speaker 3: thousand fans three hour marathon, first public events since being discharged.

1808
01:26:12,640 --> 01:26:15,799
Speaker 3: Chosen in a raffle. He actually wanted to Will suggest

1809
01:26:15,840 --> 01:26:17,320
Speaker 3: he was going to hug three thousand of them, but

1810
01:26:18,000 --> 01:26:20,840
Speaker 3: they said tone it down, Gin So there's only a thousand.

1811
01:26:20,920 --> 01:26:23,000
Speaker 3: So he's going back to BTS and very very sad.

1812
01:26:23,040 --> 01:26:25,559
Speaker 3: Ocho the chocolate company, very sad to hear about their

1813
01:26:25,680 --> 01:26:28,479
Speaker 3: demise out of Dunedin. Of course, Kraft Chocolate. This is

1814
01:26:28,640 --> 01:26:30,920
Speaker 3: talking about beer earlier on in the excise tax. Craft

1815
01:26:30,920 --> 01:26:33,479
Speaker 3: beer is going through a very difficult time. Chocolate's another one.

1816
01:26:33,600 --> 01:26:36,000
Speaker 3: A lot of boutiquies around the place making the chocolate,

1817
01:26:36,040 --> 01:26:38,000
Speaker 3: making the kom butcher, making the craft beer, and it's

1818
01:26:38,040 --> 01:26:40,479
Speaker 3: not going well. And it's a lesson, I think a

1819
01:26:40,560 --> 01:26:44,040
Speaker 3: warning in crowdfunding because Ocho went into the crowd funding.

1820
01:26:44,080 --> 01:26:46,479
Speaker 3: First one was twenty seventeen. They raised a couple of

1821
01:26:46,479 --> 01:26:48,599
Speaker 3: million dollars from three and a half thousand investors. Then

1822
01:26:48,600 --> 01:26:52,400
Speaker 3: they went again in nineteen and got another thirty seven

1823
01:26:52,439 --> 01:26:55,360
Speaker 3: hundred investors, and so you know, you think, oh, yeah,

1824
01:26:55,360 --> 01:26:57,519
Speaker 3: that's cool, that'll be fun. I'll do a bit of that,

1825
01:26:57,640 --> 01:27:00,000
Speaker 3: all that sort of stuff and didn't always work out

1826
01:27:00,160 --> 01:27:01,799
Speaker 3: that way. Five Away from nine.

1827
01:27:01,920 --> 01:27:07,000
Speaker 2: Trending now with the Squarehouse, the home of big brands Skincare.

1828
01:27:06,640 --> 01:27:09,840
Speaker 3: Max Withstapham has been asked who are the top five

1829
01:27:09,920 --> 01:27:14,240
Speaker 3: drivers of all time? And the answer is given controversial Apparently.

1830
01:27:14,080 --> 01:27:17,000
Speaker 22: Five best drivers in have one history.

1831
01:27:17,960 --> 01:27:19,360
Speaker 1: Hmm, so you know what it is.

1832
01:27:20,000 --> 01:27:23,880
Speaker 3: Whatever h is, people will comment on and not agree with.

1833
01:27:24,240 --> 01:27:27,599
Speaker 3: It's not too soft, it's yeah, it's it's a hard question.

1834
01:27:27,840 --> 01:27:34,719
Speaker 22: Yeah, yeah, I would go, you know, Michael probably Arreton,

1835
01:27:35,520 --> 01:27:41,040
Speaker 22: Fernando Lewis and a fan us call.

1836
01:27:40,960 --> 01:27:44,280
Speaker 3: Yeah, that's not bad. They didn't include Jim Clark, Alarm

1837
01:27:44,360 --> 01:27:47,280
Speaker 3: prost didn't he say it was yet in scenery went

1838
01:27:47,280 --> 01:27:49,800
Speaker 3: with Alan Pross, Jackie Stewart or Sebastian Vettle. But as

1839
01:27:49,800 --> 01:27:51,840
Speaker 3: he said, he was one hundred percent right anyone. They

1840
01:27:51,880 --> 01:27:53,960
Speaker 3: started commenting. The best comment of the morning was any

1841
01:27:54,000 --> 01:27:56,160
Speaker 3: list without Logan sergeant in the top five can't be

1842
01:27:56,200 --> 01:28:01,479
Speaker 3: taken seriously. And then, of course, being the Internet, they

1843
01:28:01,560 --> 01:28:04,639
Speaker 3: started trolling and they went down to the worst drivers,

1844
01:28:04,720 --> 01:28:08,000
Speaker 3: worse five drivers of all time Logan Sergeant Nikita Mazapin

1845
01:28:08,439 --> 01:28:12,400
Speaker 3: Nicholas Latifi Nick to Freeze, which is interesting because and

1846
01:28:12,439 --> 01:28:15,080
Speaker 3: then Tucky in a way who I don't know that

1847
01:28:15,120 --> 01:28:17,639
Speaker 3: I remember, which is interesting because all those guys are current,

1848
01:28:18,240 --> 01:28:20,439
Speaker 3: and which also goes to show that people don't have

1849
01:28:20,479 --> 01:28:23,040
Speaker 3: any history knowledge at all, because they've been far worst

1850
01:28:23,080 --> 01:28:26,320
Speaker 3: driver than these guys. And Mazapin wasn't necessarily about drivery,

1851
01:28:26,360 --> 01:28:28,719
Speaker 3: just happened to be Russian and his dad was Russian

1852
01:28:28,760 --> 01:28:32,360
Speaker 3: and the war started, so that was problematic. Nick de

1853
01:28:32,400 --> 01:28:36,920
Speaker 3: Frees is doing he's in formulae these days anyway, but

1854
01:28:37,040 --> 01:28:40,280
Speaker 3: a fun for years. That's us for another day back.

1855
01:28:40,600 --> 01:28:42,040
Speaker 11: Can you please never do that ever again?

1856
01:28:44,400 --> 01:28:46,839
Speaker 3: Back tomorrow morning at six for the Mike Hosking Breakfast,

1857
01:28:46,880 --> 01:28:55,080
Speaker 3: Friday Styles Happy Days.

1858
01:28:55,080 --> 01:28:58,000
Speaker 2: For more from the Mic Asking Breakfast, listen live to

1859
01:28:58,120 --> 01:29:01,160
Speaker 2: news talks that'd be from six am days, or follow

1860
01:29:01,200 --> 01:29:02,800
Speaker 2: the podcast on iHeartRadio