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Speaker 1: New Zealand's voice of reason is Mike the mic Hosking

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Speaker 1: Breakfast with Bailey's Real Estate, your local experts across residential,

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Speaker 1: commercial and rural news, Togs Headborning, and welcome today.

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Speaker 2: Good news for the New Zealand Eve numbers around our

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Speaker 2: meat industry and the financements from those job numbers as well.

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Speaker 2: We need to upgrade the cook's grade power cable. Guess

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Speaker 2: what that's going to cost. Are the film commissions on

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Speaker 2: a trade mission which must be interesting. Get in the

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Speaker 2: Hollywood tariffs at the moment. Greg Fororan in his first

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Speaker 2: I'm Leaving in New Zealand interview, Joe's and Ryan watching

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Speaker 2: cardinals file into the boating room and Rob is in

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Speaker 2: the UK Hosky Welcome to the day, seven past six.

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Speaker 2: So I struggle at times to say things I know

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Speaker 2: it to be easier not to say. In this case,

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Speaker 2: it's about in in New Zealand this morning. I love

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Speaker 2: in New Zealand. Don't get me wrong. I love a

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Speaker 2: New Zealand because I'm a patriot and I want them

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Speaker 2: to do well. I want them to do well because

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Speaker 2: our tourism and its success is critical. It's also critical

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Speaker 2: that our airline makes lots and lots of money. Also,

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Speaker 2: I struggle because their New Zealand is hated by a

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Speaker 2: lot of people, and not always rationally so. Flip side.

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Speaker 2: The media seem to fall over themselves to give free publicity.

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Speaker 2: Latest is on the retrofit of their seven eight sevens.

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Speaker 2: Are the retrofit as years over due has added to

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Speaker 2: the many woes and worries they have with engines and

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Speaker 2: lack of planes and ensuing scheduling issues. But if you

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Speaker 2: want an insight into why they struggle, the retrofit might

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Speaker 2: well be another own goal. The worst recent fight we

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Speaker 2: took was from New York to London. It costs six

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Speaker 2: thousand dollars each one way. It was in United's Polaris class.

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Speaker 2: They call it first class. It's crap. It was small, cramped,

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Speaker 2: hopelessly out of date compared with what the world is offering.

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Speaker 2: At the front of the plane in New Zealand's new

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Speaker 2: business Premiere and Premier Lux looks like Polaris. It would

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Speaker 2: have been amazing if it was nineteen ninety seven. I

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Speaker 2: watched some of the media's videos. It looks like a

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Speaker 2: bad reno, old plain, new curtains, and you pay for

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Speaker 2: the privilege. And that's the point. You pay for the privilege,

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Speaker 2: if that's the right word. It's not like they're cheaper

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Speaker 2: than anyone else. Emirates will show for you from your house.

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Speaker 2: They will give you caviar literally cavia and don pergnon.

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Speaker 2: They will make you a cocktail in the lounge. They

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Speaker 2: will give you a massage. You can close the door

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Speaker 2: on your suite. You have an individual air conditioning unit

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Speaker 2: in your suite. They have showers on board the plane.

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Speaker 2: Singapore is similar. Guitar a class leading in business. Quantus

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Speaker 2: next year will blow your mind with their new products.

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Speaker 2: Why are they doing all this? The front end of

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Speaker 2: the plane is booming globally. The world is willing to

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Speaker 2: pay increasingly absurd amounts of money. To fly here to

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Speaker 2: London is twenty thousand dollars, but demand massive. That's what

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Speaker 2: I in New Zealand is chasing with their new product.

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Speaker 2: Have a look at the video, then look at the

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Speaker 2: competition and tell me I don't have a point and

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Speaker 2: they aren't missing the boat. Not being mean, just telling

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Speaker 2: it like it is.

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Speaker 1: Why news of the world in ninety second now the.

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Speaker 2: World this morning. If it wasn't on edge, is now

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Speaker 2: as India and Pakistan of course go at it with

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Speaker 2: the specter of nuclear weapons at play. India says it's retaliation.

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Speaker 3: They focused on dismantling the terrorists infrastructure and disabling terrorists

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Speaker 3: likely to be sent across to India. Deemed essential that

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Speaker 3: the perpetrators and planners of the twenty second April attack

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Speaker 3: be brought to justice.

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Speaker 2: Pakistan side that whole non esculatory stuff isn't true.

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Speaker 1: The figment from an imagination of India.

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Speaker 4: They just want to justify it.

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Speaker 3: It is a possibility of this conflict, expansion of this

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Speaker 3: conflict into.

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Speaker 2: Broad then in Rome, then great.

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Speaker 5: Speed.

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Speaker 2: Sister Liz tells us why this verge.

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Speaker 6: Is so important when global politics is in the situation

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Speaker 6: that it is, when the church is in the situation

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Speaker 6: that it is. I think this is going to be

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Speaker 6: a defining moment in the history of the Catholic Church.

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Speaker 2: Well Father Robert outlines the challenges for the block who wins.

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Speaker 7: The plummeting of numbers like in Germany of Catholics who

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Speaker 7: have defected from the faith, or not having baptisms, or

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Speaker 7: having to do more funerals for priests than you do.

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Speaker 4: Ordinations for peace.

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Speaker 1: I think that those are disasters.

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Speaker 2: And then for reasons best known to himself, or maybe

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Speaker 2: he actually doesn't even realize he's done it at all.

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Speaker 2: That Joe's first interview post is loss has been given

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Speaker 2: to the BBC.

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Speaker 4: Oh, it's just the Gulf of America.

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Speaker 2: Maybe we're going to have to take back Panama.

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Speaker 8: Maybe we need acquired a Greenland, maybe Canada, if.

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Speaker 2: It what the hell's going on here? Is not behavy

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Speaker 2: like a.

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Speaker 9: Republican president.

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Speaker 2: He's sounding sprightly, though, isn't he? See's the world in

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Speaker 2: ninety By the way, if you're not up on it,

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Speaker 2: the Americans are going to talk to the Chinese. Sell

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Speaker 2: all that stuff that Trump was saying, We're already talking

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Speaker 2: to the Chinese apparently not true. Amazing, isn't it. So

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Speaker 2: they're going to talk to the Chinese about trade. Meantime,

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Speaker 2: China and the Central Bank has moved from more details.

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Speaker 2: Shortly eleven past six, the.

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Speaker 1: Mic Asking Breakfast Full Show podcast on iHeartRadio, Power by

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Speaker 1: News talks evy.

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Speaker 2: Tariff starting to bite. The Cox Automotive's Mainheim Used Vehicle index.

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Speaker 2: This is the States increased four point nine percent year

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Speaker 2: year two point seven percent from March alone. Is that

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Speaker 2: a lot, Yes, it is. Normally it's zero point two percent,

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Speaker 2: So its material and the American punter's paying. Fourteen past six,

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Speaker 2: break it from JMI Wealth Andrew Kellahaer, Good.

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Speaker 4: Morning, very good morning, Mike, speaking of.

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Speaker 2: The American feed have just spoken no what would they say?

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Speaker 10: Yeah, no change in rates and no change was expected.

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Speaker 10: They have basically said that the uncertainty outlook has increased,

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Speaker 10: inflation somewhat elevated, risks of higher unemployment rate and inflation

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Speaker 10: have risen. So you've got rising uncertainty, you've got the

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Speaker 10: risk of stagflation.

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Speaker 4: So it's kind of.

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Speaker 10: Mucking around with both sides of their dual mandate for

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Speaker 10: making life quite difficult for them. They've made very few

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Speaker 10: changes to the statement that they put out. But Jerome

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Speaker 10: Power is speaking in about half an hour, and I

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Speaker 10: suspect you'll get a little bit more detail. Their markets

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Speaker 10: are just weakening off of it after that announcement, and.

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Speaker 2: We will cover that. Back home jobs, I suppose what's

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Speaker 2: the headline? Could have been worse?

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Speaker 10: Yeah, it could have been worse. I think I've described

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Speaker 10: the big labor market dump. Yes, so I've described the

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Speaker 10: outcome as a little mixed. The unemployment rate a little

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Speaker 10: better than expected, but wage growth is contained.

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Speaker 4: So, Mike, if we look at this from a from

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Speaker 4: a sort of couple of.

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Speaker 10: Angles, we had concerns last year that the unemployment rate

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Speaker 10: would creep quite a bit higher than five percent. They

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Speaker 10: don't look like they're going to eventuate. So from an

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Speaker 10: employment point of view for New Zealand Inc. This could

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Speaker 10: be a nice stress, could be close to the peak

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Speaker 10: in unemployment. And then we always think about the monetary

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Speaker 10: policy implications, and I think the benign nature of wage

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Speaker 10: inflation in that da ES so that just doesn't stand

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Speaker 10: in the way of further OCR reduction.

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Speaker 4: So I mean, quick look at the numbers.

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Speaker 10: Unemployment rate five point one percent, below expectations and unchanged from.

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Speaker 4: The previous quarter. If you only looked.

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Speaker 10: At that, you'll be forgiven for thinking that employment the employment.

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Speaker 4: Market was robust.

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Speaker 10: But you look a bit deeper and the signs are

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Speaker 10: lot as rosy as that outcome suggests. You know, participation

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Speaker 10: rate nudge down, abit working age population grew zero point

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Speaker 10: two percent.

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Speaker 4: It's small growth in the labor market.

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Speaker 10: The quarterly employment survey show that filled jobs came in weaker,

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Speaker 10: down zero point four percent.

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Speaker 4: So you've got spare capacity.

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Speaker 10: Evident, full time jobs are falling, part time jobs are lifting.

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Speaker 10: A zero point five percent fall in full time jobs

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Speaker 10: in Q one, it's now down one point nine percent

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Speaker 10: year on year. And if we have a very quick

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Speaker 10: look at wages, the private sector labor costs index rows

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Speaker 10: zero point four percent and your growth is coming in

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Speaker 10: at two point six percent.

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Speaker 4: That's below expectations.

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Speaker 10: Then there's an interesting thee which I'm sure you're going

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Speaker 10: to love when I talk about.

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Speaker 4: This average hour earnings the private sector.

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Speaker 2: Giving my money, Andrew, where's the money?

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Speaker 10: The private sector up zero point two percent quarter on quarter,

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Speaker 10: three point eight percent year on years.

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Speaker 4: Now, the RBNZ had that at four point six so

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Speaker 4: that's quite a bit weaker than expecting.

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Speaker 10: But if we just cast our eye across to the

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Speaker 10: public sector, now just zero point two percent on the

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Speaker 10: private sector and ten times that on the public sector

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Speaker 10: two quarter on quarter annual growth, annual growth for public

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Speaker 10: sector six point six percent. That's a little bit higher

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Speaker 10: than the private sector, and that's the result of all

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Speaker 10: the previous public.

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Speaker 4: Sector where pay agreements coming through.

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Speaker 2: Fortunately, they're so good at what they do, so.

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Speaker 4: That's dead right, it's value for money anyway.

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Speaker 2: That's all all on that theme though. Briscoes if they

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Speaker 2: care if if they're hurting, everyone's hurting, aren't they.

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Speaker 10: Yeah, So we've talked about the sort of green shoots

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Speaker 10: wilting a little bit. So the Rockstar retail of Briscoes

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Speaker 10: released first quarter sales start yesterday, probably supportive of that wilting.

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Speaker 4: Green green shoot analogy. Remember last year, we're always talking

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Speaker 4: towards the end of the last year. Well, was it

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Speaker 4: survived till twenty five? Right?

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Speaker 10: Well, I think we've now got to persist till twenty six.

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Speaker 10: Brisco's reported a two point five eight percent fall in

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Speaker 10: sales in the first quarter, so one hundred and seventy

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Speaker 10: eight point three million against one hundred and eighty three

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Speaker 10: in the same quarter last year.

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Speaker 4: It's the home where that's doing it.

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Speaker 10: That decreased four points sixty six percent. They did manage

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Speaker 10: to lift sporting good sales zero point four seven percent.

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Speaker 10: Rod Duke called it a called it difficult struggling retail environment.

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Speaker 10: It was warm, so they didn't sell as many heating

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Speaker 10: products as they could. If they anticipate New Zealand retail

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Speaker 10: remain highly challenging but they will get a better second half.

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Speaker 4: And the market was actually comfortable with this. Share price

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Speaker 4: gained twelve cents.

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Speaker 2: Man of what I was surprised about. I mean, good

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Speaker 2: on them, but I didn't think the ComCom could live

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Speaker 2: with it.

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Speaker 10: No neither did there was I think the market was

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Speaker 10: quite surprised as well. If you look at the man

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Speaker 10: of a share price matter what was obviously pre formally

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Speaker 10: trust power. The market didn't actually believe this. So when

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Speaker 10: the common Coom yesterday came out and said it's all good.

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Speaker 4: You get a great big.

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Speaker 10: Surgeon the man of a share price and I haven't

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Speaker 10: got in front of it, I think it was up

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Speaker 10: twenty six cents or something, or twenty six percent sorry,

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Speaker 10: So that sort of indicates.

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Speaker 4: That the market wasn't thinking this was going to come

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Speaker 4: out here.

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Speaker 10: The ComCom was satisfied that the acquisition is unlikely substantially

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Speaker 10: less in the competition in New Zealand market. Contact now

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Speaker 10: your second largest generation, second largest generator in US on.

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Speaker 10: I think there'll be a bit more commentary about this

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Speaker 10: and could potentially be a little bit pledgable as well.

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Speaker 2: So it cands on that Chinese stimulus, and I alluded

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Speaker 2: to so they're working fairly hard.

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Speaker 10: Yeah, they cut the reserve requirement of fifty basis points.

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Speaker 10: They're injecting liquidity into the market. They're obviously concerned, and

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Speaker 10: you know, you've you only know what you know out

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Speaker 10: of China, don't you, because you're not entirely sure what's

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Speaker 10: happening under the hood. But that would seem to indicate

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Speaker 10: that they are concerned about the impact of TARIS and

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Speaker 10: what is effectively a trade embargo at the moment between

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Speaker 10: the US and China.

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Speaker 2: Numbers please sow.

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Speaker 4: The US markets have weakened off of it.

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Speaker 10: As I said, at one stage, Dale Jones was up

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Speaker 10: three hundred points, but just looking the last time I

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Speaker 10: had a chance to check post the FED, it's up

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Speaker 10: sixty eight, so it's dropped off a little bit. Four

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Speaker 10: oh eight ninety seven. The S and P five hundred

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Speaker 10: is dropped into negative territory, was slightly positive five five

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Speaker 10: eight four down twenty three or point four percent. Those

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Speaker 10: will all change after he speaks in half an hour

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Speaker 10: seventeen five hundred and twenty nine. And the Nastik it's

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Speaker 10: down about one percent overnight to C one hundred eight

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Speaker 10: five five nine, lost point four to four of per cent.

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Speaker 10: The Nika game lost fifty one points thirty six thousand,

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Speaker 10: seven hundred and seventy nine. That's point one.

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Speaker 4: Four of per cent.

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Speaker 10: The shang Hoo com set three three four two it

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Speaker 10: was up point eight the A six two hundred eight

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Speaker 10: one seven eight up a third of percent twenty seven

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Speaker 10: points ends the next fifty gain too points sixty one

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Speaker 10: twelve four hundred ninety six key wee point five nine

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Speaker 10: sixty nine against the US point nine two four nine

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Speaker 10: ossie point fivety six one Euro point four four seveny

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Speaker 10: five against the Pound, eighty five point five five against

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Speaker 10: the end three three eight nine is the goal price

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Speaker 10: in Brent crud sixty one dollars and thirty eight cents

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Speaker 10: Go well.

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Speaker 2: Name Andrew Kelleher, joemowealth dot co dot m Z. Disney

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Speaker 2: are going into Abu Dhabi so Disneyland abudw style has

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Speaker 2: been announced overy night. More importantly, probably for now for them,

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Speaker 2: they thought they were going to lose subscribers to Disney,

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Speaker 2: plus they actually got an increase of one point four million,

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Speaker 2: gives them the total global base now of one hundred

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Speaker 2: and twenty six million of US who fork out for

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Speaker 2: whatever they produce revenue came in at twenty three point

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Speaker 2: six two billion dollars, so they're laughing. Six twenty one,

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Speaker 2: Eric News Talks EDB.

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

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Speaker 1: by News TALKSB.

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Speaker 2: Greg four and Air New Zealand, Aret Going in New

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Speaker 2: Zealand CEO in his first post I'm leaving interview Apter

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Speaker 2: eight o'clock this morning, Mike, totally agree. In New Zealand,

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Speaker 2: they put up twenty somethings who have never flown long

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Speaker 2: haul in their life to write media puff pieces that

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Speaker 2: are basically wow in five hundred words. There's nothing innovative

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Speaker 2: about their business class, barely a catch up. Thank god

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Speaker 2: for quantas to New York and the Middle Eastern carriers. Mike,

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Speaker 2: your commentary in New Zealand a spot on. Despite a loyalty,

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Speaker 2: you can't risk a trip of a lifetime interesting impressionless

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Speaker 2: despite a loyalty, you can't risk a trip of a

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Speaker 2: lifetime and international experience with them. There is too much

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Speaker 2: at risk for a trip being blighted by them. Such

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Speaker 2: a shame. So we'll talk to him and put that

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Speaker 2: after rite o'clock this morning.

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Speaker 1: Six twenty five trending now with us, you're one stuff

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Speaker 1: for Mother's Day fragrances.

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Speaker 2: Movie news. Last year seemed to be the year of horror,

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Speaker 2: the genre, not the quality of the movies. This year

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Speaker 2: is being dubbed the Year of dark comedy. Ethan Cowen,

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Speaker 2: the Bloker gave us The Big Lebowski and No Country

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Speaker 2: for Old Men. He's about to offer up, honey, don't

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Speaker 2: private investigators looking into a local cult?

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Speaker 11: Honey?

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Speaker 6: Right?

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Speaker 12: Love those quick clocking heels.

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Speaker 1: Why is a private investigator looking into our traffic? Fatale?

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Speaker 6: Dan?

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Speaker 1: What can you tell me about?

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Speaker 11: Do you drink heavily?

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Speaker 1: It's a point of pride?

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Speaker 2: Should you?

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Speaker 1: And I discussed this all a drink tuesdays. I dry

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Speaker 1: out Today's Wednesday, Today's Tuesday.

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Speaker 13: Jury services, no pirate service.

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Speaker 7: I help people misster Downing Hill.

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Speaker 2: I see a need and I feel it.

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Speaker 1: You see a need and you exploit in him.

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Speaker 7: This is God's punishment as well.

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Speaker 4: Be done.

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Speaker 11: Can you help me?

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Speaker 1: You're fascinated. You haven't even seen the riddle tattooed on

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Speaker 1: my ass?

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Speaker 2: Good back and forth like that? Quite good. Margaret Couley,

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Speaker 2: she was in the substance and once upon a time

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Speaker 2: in Hollywood, She's Honey, the detective Chris Evans, he heads

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Speaker 2: the cult Aubrey Plaza, Who I Love and Charlie Day

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Speaker 2: there as well Theatres. August twenty two, Adam Bant. Just

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Speaker 2: as we're still mopping up the Australian election, Adam Bent,

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Speaker 2: the head of the Greens gone lost a seat in Melbourne.

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Speaker 2: Steve alluded to this yesterday as all the postals come

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Speaker 2: in they've trended towards the Libs and he was in

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Speaker 2: trouble and so there's not a Green MP to be

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Speaker 2: found in the Lower House. They have literally been wiped

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Speaker 2: out now using a couple of moments and then more

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Speaker 2: celebration around our economy. Nicola Willis after seven o'clock on

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Speaker 2: the Jobs yesterday, which, as we said with Andrew, could

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Speaker 2: have been a lot worse of course, and has it peaked.

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Speaker 2: But these red meat numbers, new red meat numbers for you,

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Speaker 2: we are booming.

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Speaker 1: Mike hosgame was insightful with engaging and vitally the Mic

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Speaker 1: Hosking Breakfast with a Vita, Retirement, Communities, Life Your Way,

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Speaker 1: Youth talks, head Bees.

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Speaker 2: So as Andrew told you that FID didn't move this morning,

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Speaker 2: but they got worries.

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Speaker 8: Surveys of households and businesses, however, report a sharp decline

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Speaker 8: in fentiment and elevated uncertainty about the economic outlook, largely

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Speaker 8: reflecting trade policy concerns. Near term measures of inflation expectations

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Speaker 8: have moved up, as reflected in both market and survey

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Speaker 8: based measures. Survey respondents, including consumers, businesses, and professional forecasters,

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Speaker 8: point to tariffs as the driving factor.

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Speaker 2: No, no, they don't. How's that possible, Jerome, No wonder

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Speaker 2: he wants to fire him for goodness sake? Talk about

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Speaker 2: miss reading economy or is he Meantime, back at the

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Speaker 2: White House, they've sworn a guy called David Padieu who

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Speaker 2: is going to be the ambassadors to China.

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Speaker 12: Miss Fresi, I'm humble to be in this office today.

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Speaker 12: I love what you've done with this office. I like

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Speaker 12: the decoration of independent. I want the world to know

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Speaker 12: that I know this man personally. He loves this country,

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Speaker 12: and I am glad to be your man in China.

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Speaker 2: Thank you, Thank you, and obviously very very got a

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Speaker 2: good eye for redecoration. The name perdue you ask yourself,

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Speaker 2: have I heard that name before? Watch the movie Painkiller?

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Speaker 2: For the answer twenty two to seven. Joe's in the

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Speaker 2: bed at the batticin, so how long that lasts will

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Speaker 2: be interesting, but she's available for a call shortly meantime.

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Speaker 2: Back here. More good news for New Zealand, I think

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Speaker 2: is the latest dart around our red meat reminds us

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Speaker 2: yet again what a debt of gratitude we owe to

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Speaker 2: the farmer's red meat exports yet another record one point

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Speaker 2: twenty six billion, that's March, one point twenty six billion

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Speaker 2: in March values up thirty four percent on last year.

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Speaker 2: The US, the biggest buy is still at four hundred

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Speaker 2: million ish, followed by China at about two hundred and

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Speaker 2: eighty million. Wayne Langford is the Federated Farmer's President, of course,

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Speaker 2: is back with us. Wayne, very good morning to you.

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Speaker 11: Yeah, good mind, Matt.

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Speaker 2: You've got any feel yet for the terriff impact of

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Speaker 2: the RISINNY on the meat going into America?

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Speaker 11: Yeah, I think it's quiet interesting space.

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Speaker 14: Right.

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Speaker 11: We expected some troubles and we haven't quite seen that yet.

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Speaker 11: So well, we're actually seeing it's quite the opposite, where

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Speaker 11: where we're seeing prices rise heading into our winters, which

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Speaker 11: is something that's that's not very common and we haven't

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Speaker 11: seen it of us for yet.

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Speaker 2: So that's exciting. My great hope was at the top

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Speaker 2: end of the market, we can sell through teriffs. Do

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Speaker 2: you reckon that's possible?

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Speaker 11: Yeah, I mean that is that is a good direction

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Speaker 11: of traivel to go. And right, well, we produce a

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Speaker 11: product that not many other countries in the world produce.

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Speaker 11: It's different to the red meat around the world. And

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Speaker 11: as you can imagine, every country probably says we've got

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Speaker 11: the best red meat in the world. Well we've not

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Speaker 11: only got the We've not only got the best red meat.

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Speaker 11: We've got the red meat that's a little bit different.

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Speaker 11: It's grass feed, you know, it's raised differently, and it's

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Speaker 11: very lean, and it's something that complements the American market

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Speaker 11: very well.

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Speaker 2: Yeah, exactly, And do explain that because a lot of

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Speaker 2: people text me and go, oh, that's a lie. The

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Speaker 2: crap it just goes into burgers. Americans take burgers seriously

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Speaker 2: and they chase quality meat. Am I correct in saying that?

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Speaker 6: Yeah?

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Speaker 11: Even I love gun for American eat the burgers happendethic burgers.

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Speaker 11: But what they need is the New Zealand lean meat.

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Speaker 11: To maxim was their meat that's over there, and so

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Speaker 11: right now they are currently they're currently buying in that

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Speaker 11: and they're buying strong because that they need to ensure

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Speaker 11: that they've got their burger market covered good China.

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Speaker 2: Is that a comeback story yet or we still don't know.

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Speaker 14: Oh?

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Speaker 11: I think we've still a got something to do there.

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Speaker 11: And it's great to have options, right, and that's what

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Speaker 11: we need to concentrate on. That's what we expect of

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Speaker 11: our marketing and our trade teams to go out there

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Speaker 11: and do it. We'll keep producing the beef down here

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Speaker 11: on farm and they can go out and do their

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Speaker 11: job and get it done for our services.

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Speaker 2: We talked about this work on the program yesterday. The

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Speaker 2: de stocking issue cows and sheep ands that we don't

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Speaker 2: have as many. Is de stocking and planting pine trees

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Speaker 2: an issue?

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Speaker 14: Oh?

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Speaker 11: That's very much an issue.

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Speaker 2: Yeah, so that'll see. So you're looking what the reason

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Speaker 2: I'm asking Obviously you're selling more than you ever have.

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Speaker 2: Do you need more land in cows and less land

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Speaker 2: and trees?

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Speaker 3: Oh?

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Speaker 11: This is critical and it's critical fearlessners to understand. What

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Speaker 11: they're doing is they're planting the areas that breed our sheep,

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Speaker 11: so where for example, our sheep go out on this

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Speaker 11: extensive hill country and that's the country that produces all

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Speaker 11: the lambs. Now on the flat land, that's where the

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Speaker 11: lambs get fatten and they grow out and they eventually

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Speaker 11: get sold. But we need that hill country to do

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Speaker 11: our breeding to to bit of cows out on over

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Speaker 11: the winter in different periods, and so when that gets

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Speaker 11: covered in pine trees, then those animals have to move

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Speaker 11: down onto the flats, which was our land to finish

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Speaker 11: them on. I mean it's I don't mean to get technical,

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Speaker 11: but it is very technical because because this is why

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Speaker 11: we need to tidy it up. We've got to look

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Speaker 11: after our breeding country so that we can have our

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Speaker 11: fat and country.

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Speaker 2: To do what we do very well. So'd appreciate it

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Speaker 2: very much. Wayne Langford, president of Federated Farmers, nineteen minutes

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Speaker 2: away from seven k Technical is just on the slope.

442
00:19:44,040 --> 00:19:46,040
Speaker 2: They work hard, are they fitting them up and they

443
00:19:46,119 --> 00:19:48,040
Speaker 2: fatten them up on the flat part. That's the same

444
00:19:48,040 --> 00:19:49,560
Speaker 2: with humans. I mean, if you spent your life on

445
00:19:49,560 --> 00:19:51,480
Speaker 2: a hill, you'd be fit, and then you go down

446
00:19:51,520 --> 00:19:52,919
Speaker 2: to the flat and then you get fat. That's how

447
00:19:52,960 --> 00:19:56,879
Speaker 2: it Works Bank of New Zealand. Well done with the cavegatives.

448
00:19:56,920 --> 00:19:59,160
Speaker 2: Always as we look into a bank making get more money.

449
00:19:59,160 --> 00:20:02,720
Speaker 2: First half net profit up four point three percent, improve margins,

450
00:20:02,840 --> 00:20:06,080
Speaker 2: AH margins a net profit of seven ninety five million,

451
00:20:06,080 --> 00:20:09,119
Speaker 2: revenue at one point seven billion, net interest margin of

452
00:20:09,160 --> 00:20:11,119
Speaker 2: two point four which is up on their two point

453
00:20:11,480 --> 00:20:14,960
Speaker 2: three seven They grew their loan book a little bit economy,

454
00:20:15,000 --> 00:20:17,359
Speaker 2: they said, was that a turning point outlooks uncertain. I

455
00:20:17,359 --> 00:20:20,120
Speaker 2: think they've read that right. Lower interest rates and strong

456
00:20:20,160 --> 00:20:23,280
Speaker 2: conditions in the primary sector just talked about it have helped.

457
00:20:23,560 --> 00:20:25,520
Speaker 2: So another bank doing well eighteen to two.

458
00:20:27,000 --> 00:20:31,639
Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered

459
00:20:31,640 --> 00:20:34,160
Speaker 1: by News Talks b Now.

460
00:20:34,160 --> 00:20:35,600
Speaker 2: I hope that most of us are up on this.

461
00:20:35,840 --> 00:20:37,600
Speaker 2: There's a new story in the media almost every day

462
00:20:37,600 --> 00:20:40,520
Speaker 2: about increasingly cunning scammers about the place taking advantage of

463
00:20:40,600 --> 00:20:43,240
Speaker 2: vulnerable New Zealanders. So A and Z, in partnership with

464
00:20:43,280 --> 00:20:46,800
Speaker 2: Age Concern are encouraging all of us to beyond patrol

465
00:20:46,840 --> 00:20:49,280
Speaker 2: for scams. They're not alone too. From the eighties TV

466
00:20:49,400 --> 00:20:53,960
Speaker 2: hit show Chips Love Chips Poncerello, Frankie Poncerello and John Baker.

467
00:20:54,000 --> 00:20:56,199
Speaker 2: They're bringing old school justice to modern day scams. So

468
00:20:56,240 --> 00:20:59,160
Speaker 2: this is a nationwide invitation to write along while learning

469
00:20:59,200 --> 00:21:01,919
Speaker 2: how to be more conscious and aware of scammers. So

470
00:21:01,920 --> 00:21:04,359
Speaker 2: what does this mean? Very important to remember that you

471
00:21:04,359 --> 00:21:06,800
Speaker 2: have the right to ask questions when somebody contacts you,

472
00:21:07,200 --> 00:21:09,800
Speaker 2: be cautious of too good to be true investments, hang

473
00:21:09,920 --> 00:21:13,280
Speaker 2: up on anyone asking for urgent transfer of moneies, and

474
00:21:13,320 --> 00:21:15,840
Speaker 2: of course to be suspicious of unsuspecting calls and text

475
00:21:15,880 --> 00:21:19,159
Speaker 2: and emails. So test your scam knowledge on the A

476
00:21:19,280 --> 00:21:22,520
Speaker 2: and Z Scam Academy web page which is ANZ dot

477
00:21:22,560 --> 00:21:25,960
Speaker 2: co dot nz forward slash Scams a in Z dot

478
00:21:26,000 --> 00:21:30,359
Speaker 2: co dot Nz forward slash Scams. Asking Rugby is going

479
00:21:30,400 --> 00:21:33,679
Speaker 2: to be a talking point today they're announcing their results

480
00:21:33,760 --> 00:21:35,840
Speaker 2: and I'll come back to it because I asked the question,

481
00:21:36,200 --> 00:21:40,000
Speaker 2: how is the national sport able still to lose money?

482
00:21:40,240 --> 00:21:45,400
Speaker 15: Six forty five International correspondence with NZED Eye Insurance Peace

483
00:21:45,440 --> 00:21:46,919
Speaker 15: of Mind for New Zealand business.

484
00:21:46,960 --> 00:21:50,199
Speaker 2: Wait watching by the way a file for bankruptcy. We'll

485
00:21:50,240 --> 00:21:52,320
Speaker 2: go to junt just a couple of moments at the Vatican.

486
00:21:52,760 --> 00:21:55,600
Speaker 2: Wait watches as filed for bankruptcy sixty two years old.

487
00:21:55,680 --> 00:21:58,000
Speaker 2: It's into chapter eleven, the beauty of chapter eleven. You

488
00:21:58,040 --> 00:21:59,359
Speaker 2: know why they've done it? A zipc. I mean, no

489
00:21:59,359 --> 00:22:02,560
Speaker 2: one's eating dry cake and strawberry shakes when you can

490
00:22:02,640 --> 00:22:05,359
Speaker 2: jab yourself and take a pill. Founded in nineteen sixty

491
00:22:05,359 --> 00:22:08,639
Speaker 2: three by Gene She was a self described overweight housewife

492
00:22:08,640 --> 00:22:11,320
Speaker 2: obsessed with cookies, who was fed up with fad diets

493
00:22:11,320 --> 00:22:12,720
Speaker 2: and pills. So wait, watch as it was, and then

494
00:22:12,760 --> 00:22:16,359
Speaker 2: they came along with the gpls and that was the

495
00:22:16,440 --> 00:22:19,080
Speaker 2: end of them. Oprah didn't help anyway, Joe, how are

496
00:22:19,119 --> 00:22:22,080
Speaker 2: you now? She's gone? Why don't we just ring her

497
00:22:22,119 --> 00:22:23,600
Speaker 2: on the phone, for goodness? Get her on the phone.

498
00:22:23,640 --> 00:22:26,600
Speaker 2: How we're working on it into the Vatican for goodness sake?

499
00:22:26,840 --> 00:22:29,320
Speaker 2: It turns out it's a bit busy. Let me come

500
00:22:29,359 --> 00:22:31,760
Speaker 2: back to the rugby today. So the annual meeting are

501
00:22:31,800 --> 00:22:35,240
Speaker 2: the financial moneies will be presented to us. For the

502
00:22:35,280 --> 00:22:38,480
Speaker 2: twenty four financial year. Twenty twenty three, they had a

503
00:22:38,520 --> 00:22:42,440
Speaker 2: statutory loss of eight point nine million dollars. This year

504
00:22:42,600 --> 00:22:45,440
Speaker 2: they're bracing for a loss as well. Regionally. It's interesting

505
00:22:46,000 --> 00:22:48,680
Speaker 2: Auckland Rugby profited one point six million, but that comes

506
00:22:48,680 --> 00:22:51,000
Speaker 2: mainly from matchpees out of the All Blacks. So if

507
00:22:51,040 --> 00:22:52,959
Speaker 2: you're a major center that gets money from the All

508
00:22:52,960 --> 00:22:56,000
Speaker 2: Black test money, then you're in other provincial union's places

509
00:22:56,000 --> 00:22:57,640
Speaker 2: like Wellington, who don't get the same number of tests

510
00:22:57,680 --> 00:23:01,560
Speaker 2: one point two million dollar loss. They've got problems with players,

511
00:23:01,600 --> 00:23:05,400
Speaker 2: the cost of players, caps on players. So my overarching concern.

512
00:23:05,520 --> 00:23:07,800
Speaker 2: David Kirk's the new chairman. Of course you would assume

513
00:23:07,840 --> 00:23:10,440
Speaker 2: from his business credentials he's going to be able to

514
00:23:10,480 --> 00:23:12,359
Speaker 2: turn the thing around. Hopefully turn the thing around. But

515
00:23:12,800 --> 00:23:18,159
Speaker 2: how is it possible that the National Game cannot make money?

516
00:23:18,800 --> 00:23:21,120
Speaker 2: This is the biggest thing going we have and we

517
00:23:21,160 --> 00:23:22,920
Speaker 2: still can't turn a dollar.

518
00:23:22,960 --> 00:23:23,440
Speaker 4: Do we have.

519
00:23:23,480 --> 00:23:27,840
Speaker 2: Joe Josephine, how are you? No, she's with him. We

520
00:23:27,920 --> 00:23:29,720
Speaker 2: have got her on the phone, Joe, you with us. No,

521
00:23:29,880 --> 00:23:32,480
Speaker 2: she's not there either. That's gone. You guys sort it out.

522
00:23:33,240 --> 00:23:34,800
Speaker 2: We'll come back to her in just a couple of moments.

523
00:23:34,760 --> 00:23:36,000
Speaker 2: Starting away from seven.

524
00:23:36,119 --> 00:23:40,520
Speaker 1: The make Hosking Breakfast with a Vita Retirement Communities News

525
00:23:40,560 --> 00:23:41,159
Speaker 1: Togsdad b.

526
00:23:41,359 --> 00:23:44,159
Speaker 2: But I prayed during the ad break, so this should work. Joe,

527
00:23:44,200 --> 00:23:44,720
Speaker 2: morning to.

528
00:23:44,760 --> 00:23:48,400
Speaker 16: You, Good morning, Mike. I'm sorry about that. I think

529
00:23:48,680 --> 00:23:52,160
Speaker 16: we've got security blocking signals here around Saint Peter Square.

530
00:23:52,640 --> 00:23:55,280
Speaker 2: Isn't it one of the ironic things that people men

531
00:23:55,320 --> 00:23:57,520
Speaker 2: who have given their life to the church can't be

532
00:23:57,600 --> 00:23:59,399
Speaker 2: trusted to take a phone inside.

533
00:24:01,920 --> 00:24:04,680
Speaker 16: Well, they've been in there now for almost three hours,

534
00:24:04,760 --> 00:24:07,840
Speaker 16: and I'm starting to think have they come to a

535
00:24:07,880 --> 00:24:10,399
Speaker 16: decision in the first round that we may even have

536
00:24:10,440 --> 00:24:13,600
Speaker 16: a pope this evening, because this is really unusual. Even

537
00:24:13,600 --> 00:24:15,760
Speaker 16: though we know that we have one hundred and thirty

538
00:24:15,760 --> 00:24:18,439
Speaker 16: three in there, that's a high number than we've had

539
00:24:18,520 --> 00:24:21,000
Speaker 16: in the past, but this seems really unusual.

540
00:24:21,480 --> 00:24:24,280
Speaker 2: Okay, so unusually. I was going to ask, what is

541
00:24:24,320 --> 00:24:26,800
Speaker 2: it they've done other than lobbying each other for the

542
00:24:26,840 --> 00:24:29,359
Speaker 2: past two weeks, and therefore, why wouldn't a quick vote,

543
00:24:29,560 --> 00:24:30,359
Speaker 2: you know what I'm saying.

544
00:24:31,680 --> 00:24:34,080
Speaker 16: Well, they've had plenty of time to wine and dine

545
00:24:34,119 --> 00:24:37,040
Speaker 16: in various restaurants around town and meet for coffee in

546
00:24:37,240 --> 00:24:41,160
Speaker 16: various cafes. But yeah, I mean, I thought it would

547
00:24:41,160 --> 00:24:44,080
Speaker 16: be a quick vote tonight, that we would see some

548
00:24:44,280 --> 00:24:48,960
Speaker 16: votes for the lead contender, the Secretary of State, Pietro Perolin,

549
00:24:49,040 --> 00:24:52,959
Speaker 16: who seems to have, according to media reports, around fifty votes,

550
00:24:53,440 --> 00:24:56,439
Speaker 16: but of course that could change. I mean is it

551
00:24:56,480 --> 00:24:59,920
Speaker 16: possible that he has managed to put together eighty nine

552
00:25:00,200 --> 00:25:02,680
Speaker 16: and have that majority that he needs to be Pope

553
00:25:02,680 --> 00:25:05,040
Speaker 16: this evening? I think he would be the likely contender.

554
00:25:05,480 --> 00:25:07,760
Speaker 16: Otherwise we're going to have a split vote tonight and

555
00:25:07,800 --> 00:25:10,240
Speaker 16: then we'll be back here tomorrow. But we're still waiting

556
00:25:10,280 --> 00:25:12,199
Speaker 16: for that smoke in Saint Peter's Square.

557
00:25:12,480 --> 00:25:14,320
Speaker 2: What time is it eight or nine?

558
00:25:15,560 --> 00:25:18,960
Speaker 16: It's almost nine o'clock and as we know, many of

559
00:25:18,960 --> 00:25:21,400
Speaker 16: those cardinals are quite elderly, and they have to come

560
00:25:21,440 --> 00:25:24,480
Speaker 16: back early tomorrow morning. So it's quite unusual that this

561
00:25:24,600 --> 00:25:25,199
Speaker 16: is dragging on.

562
00:25:25,680 --> 00:25:28,120
Speaker 2: Okay, if it's the front runner that you mentioned, what

563
00:25:28,119 --> 00:25:28,880
Speaker 2: do we know of him?

564
00:25:30,600 --> 00:25:34,119
Speaker 16: If it is Cardinal Pietro Parolin, he has been a

565
00:25:34,119 --> 00:25:39,320
Speaker 16: diplomat all his life. He's been a faithful and loyal

566
00:25:39,720 --> 00:25:43,640
Speaker 16: Secretary of State, working closely with Pope Francis. He went

567
00:25:43,680 --> 00:25:48,720
Speaker 16: to Moscow in twenty nineteen, long before the conflict with Ukraine.

568
00:25:49,640 --> 00:25:52,480
Speaker 16: He's quite reserved. He would not see the sort of

569
00:25:52,560 --> 00:25:55,480
Speaker 16: character that would electrify the church, but he would be

570
00:25:55,560 --> 00:25:58,439
Speaker 16: considered a safe pair of hands and a moderate that

571
00:25:58,480 --> 00:26:03,239
Speaker 16: would bring together various factions. I think inside that conclat.

572
00:26:02,920 --> 00:26:06,240
Speaker 2: You are literally embedded, so you sleep, whear eat, where

573
00:26:06,320 --> 00:26:07,160
Speaker 2: what happens for you.

574
00:26:09,000 --> 00:26:12,560
Speaker 16: I'm just a couple of blocks away from St. Peters Square.

575
00:26:12,640 --> 00:26:14,960
Speaker 16: I'll be following every vote in the next couple of

576
00:26:15,080 --> 00:26:19,480
Speaker 16: days if we have more. And it's hard to get

577
00:26:19,480 --> 00:26:21,560
Speaker 16: me sleep at the moment because it's all happening and

578
00:26:21,600 --> 00:26:24,480
Speaker 16: there are thousands of people here in the square waiting

579
00:26:24,520 --> 00:26:25,200
Speaker 16: to see the smoke.

580
00:26:25,440 --> 00:26:27,320
Speaker 2: It is amazing, isn't it. I take it you can

581
00:26:27,320 --> 00:26:28,040
Speaker 2: see the chimney.

582
00:26:29,280 --> 00:26:31,440
Speaker 16: I can see the chimney from where I'm standing. The

583
00:26:31,560 --> 00:26:34,680
Speaker 16: basilica looks magnificent tonight. There's a clear blue sky and

584
00:26:34,760 --> 00:26:37,560
Speaker 16: a few stars. It's really amazing. But the crowd is

585
00:26:37,600 --> 00:26:40,280
Speaker 16: getting restless. Some people are leaving and some have starneed

586
00:26:40,359 --> 00:26:42,080
Speaker 16: the slope clapping that usually expected.

587
00:26:42,080 --> 00:26:45,320
Speaker 2: Are ott that's such a social media age thing, isn't

588
00:26:45,359 --> 00:26:47,479
Speaker 2: I mean, it's the election of a pope. I mean,

589
00:26:47,760 --> 00:26:49,800
Speaker 2: just are this boring? It's been going on an hour

590
00:26:49,800 --> 00:26:51,720
Speaker 2: and a half now, I mean, get over yourself. What

591
00:26:51,840 --> 00:26:53,880
Speaker 2: have they done? And I do remember when Francis got

592
00:26:53,880 --> 00:26:56,719
Speaker 2: elected the seagull thing on the roof, that they done

593
00:26:56,760 --> 00:26:57,479
Speaker 2: anything about that.

594
00:27:00,200 --> 00:27:02,840
Speaker 16: Well, there were a few more seagulls floating around tonight,

595
00:27:02,880 --> 00:27:05,160
Speaker 16: and I have to say as soon as one popped

596
00:27:05,240 --> 00:27:09,040
Speaker 16: up close to the chimney, the photographers were madly snapping.

597
00:27:09,600 --> 00:27:14,280
Speaker 16: So yeah, plenty of action on that chimney in seagull.

598
00:27:13,960 --> 00:27:17,040
Speaker 2: Land, hanging there. Joe, Nice to talk to you, Joe McKenna,

599
00:27:17,040 --> 00:27:21,280
Speaker 2: who is embedded at the Vatican waiting for the smoke

600
00:27:21,400 --> 00:27:22,960
Speaker 2: five minutes away from seven.

601
00:27:23,960 --> 00:27:27,240
Speaker 1: Well, the ins and the outs, it's the biz with

602
00:27:27,520 --> 00:27:31,200
Speaker 1: business favor take your business productivity to the next level.

603
00:27:31,359 --> 00:27:34,000
Speaker 2: I'm not Catholic, but I find the process fascinating and

604
00:27:34,040 --> 00:27:35,760
Speaker 2: I am a very big fan. And I thought about

605
00:27:35,760 --> 00:27:37,560
Speaker 2: this at Westminster Abby a couple of years ago when

606
00:27:37,560 --> 00:27:40,720
Speaker 2: I sat watching the coronation. I'm a massive fan of

607
00:27:42,040 --> 00:27:44,919
Speaker 2: things that have been going since time and Memorial House. Slacker.

608
00:27:45,000 --> 00:27:47,760
Speaker 2: We from our houselacker. We file pretty slack. We're one

609
00:27:47,760 --> 00:27:50,679
Speaker 2: of the least productive countries in the world. Our GDP

610
00:27:50,840 --> 00:27:53,280
Speaker 2: per our work is lower than virtually everyone we compare

611
00:27:53,320 --> 00:27:57,480
Speaker 2: ourselves to. So just to reinforce that, this morning, Robert Half,

612
00:27:57,760 --> 00:28:00,240
Speaker 2: I've got a new report out. They've spoke to full

613
00:28:00,240 --> 00:28:03,040
Speaker 2: time office workers who overall believed they would be more

614
00:28:03,040 --> 00:28:06,440
Speaker 2: productive if they worked from home. Sometimes no kidding. Essentially,

615
00:28:06,760 --> 00:28:09,320
Speaker 2: it's a ViBe's report. They were asked if that they

616
00:28:09,440 --> 00:28:11,840
Speaker 2: believe that working from home, working in the office, or

617
00:28:11,920 --> 00:28:14,400
Speaker 2: hybrid working had a positive or negative impact on them.

618
00:28:14,400 --> 00:28:16,920
Speaker 2: Sixty three percent so that they worked from home it

619
00:28:16,960 --> 00:28:20,120
Speaker 2: would have a positive impact, sixteen percent said it would

620
00:28:20,119 --> 00:28:24,280
Speaker 2: be negative. When those people working in the office full time, well,

621
00:28:24,359 --> 00:28:26,720
Speaker 2: forty two percent said that was positive, thirty two percent

622
00:28:26,720 --> 00:28:29,640
Speaker 2: said it was negative. And who doesn't love a hybrid week.

623
00:28:29,640 --> 00:28:31,520
Speaker 2: We all love a hybrid week, don't we. Seventy percent

624
00:28:32,119 --> 00:28:34,560
Speaker 2: being able to work from home some of the time

625
00:28:34,600 --> 00:28:37,800
Speaker 2: would have a positive impact on enhancing their productivity. The

626
00:28:37,880 --> 00:28:41,360
Speaker 2: ability to walk freely to the fridge and back would

627
00:28:41,440 --> 00:28:46,240
Speaker 2: enhance the day immeasurably. Were the nine to five part

628
00:28:46,280 --> 00:28:49,560
Speaker 2: of it. Fifty seven percent said they were more productive

629
00:28:49,560 --> 00:28:52,800
Speaker 2: outside the traditional working house, mainly because of the repub

630
00:28:53,400 --> 00:28:55,560
Speaker 2: Six percent said they didn't think it mattered where they

631
00:28:55,600 --> 00:28:58,880
Speaker 2: work for their productivity output. Eighty three percent this was

632
00:28:58,880 --> 00:29:01,800
Speaker 2: the number I found most in. Eighty three percent said,

633
00:29:01,840 --> 00:29:04,000
Speaker 2: let's be honest, I can't be asked most of the

634
00:29:04,000 --> 00:29:08,640
Speaker 2: time anyway. You sound skeptical about hybrid work, and yet

635
00:29:08,720 --> 00:29:12,200
Speaker 2: you are a hybrid worker. I'm only a hybrid worker,

636
00:29:12,640 --> 00:29:15,840
Speaker 2: as I've said many times before, because I don't like

637
00:29:15,920 --> 00:29:16,520
Speaker 2: being here.

638
00:29:17,240 --> 00:29:19,840
Speaker 17: Yeah, so that's exactly what those people are saying, and

639
00:29:20,400 --> 00:29:21,880
Speaker 17: you continually take the first.

640
00:29:22,000 --> 00:29:24,440
Speaker 2: If I could work here for the rest of my day,

641
00:29:24,480 --> 00:29:26,400
Speaker 2: and for all of those people who texted me the

642
00:29:26,400 --> 00:29:28,880
Speaker 2: other day going how can you get up so early

643
00:29:29,040 --> 00:29:33,560
Speaker 2: your show stance at six o'clock? If I could do

644
00:29:33,640 --> 00:29:35,640
Speaker 2: my work that I do during the day here, I

645
00:29:35,680 --> 00:29:39,200
Speaker 2: probably would. You can. Nobody else sits there, No, there's

646
00:29:39,240 --> 00:29:42,120
Speaker 2: people that they keep. Your disc is sacricent. I sat

647
00:29:42,160 --> 00:29:43,600
Speaker 2: there yesterday, did you yet?

648
00:29:43,680 --> 00:29:46,920
Speaker 17: Pretending to be I did some hybrid work there yesterday.

649
00:29:47,160 --> 00:29:49,720
Speaker 2: I knew it was someone someone who smelled bad and

650
00:29:49,800 --> 00:29:52,280
Speaker 2: left stuff behind. I thought that'll be gilling, and I'm right.

651
00:29:52,280 --> 00:29:56,480
Speaker 2: You've just outed yourself. Nicholas Willis the Finance Minister, shortly.

652
00:29:57,760 --> 00:30:02,480
Speaker 1: News, Opinion and every in between, the Mike Hosking breakfast

653
00:30:02,640 --> 00:30:06,320
Speaker 1: with the range Rover villa designed to intrigue and use

654
00:30:06,400 --> 00:30:07,080
Speaker 1: tod sad.

655
00:30:06,840 --> 00:30:09,040
Speaker 2: Be seven past seven if you missed it. The black

656
00:30:09,080 --> 00:30:10,880
Speaker 2: smoke came out, which means they're done for the day.

657
00:30:11,280 --> 00:30:14,600
Speaker 2: One vote today, four tomorrow, and so black smoke of

658
00:30:14,680 --> 00:30:17,320
Speaker 2: course means that they could not decide, so we go

659
00:30:17,440 --> 00:30:20,880
Speaker 2: into at least tomorrow back home. Jobless number came out yesterday.

660
00:30:20,920 --> 00:30:22,680
Speaker 2: Surprise to the upside as the number turned out to

661
00:30:22,720 --> 00:30:24,680
Speaker 2: be five point one, which is better than the big

662
00:30:24,720 --> 00:30:26,920
Speaker 2: brains were thinking they had five point two five point three.

663
00:30:27,160 --> 00:30:29,960
Speaker 2: Full time work was down forty five thousand, offset to

664
00:30:30,080 --> 00:30:32,520
Speaker 2: some degree by the growth and part time work. Finance

665
00:30:32,600 --> 00:30:35,520
Speaker 2: Minister Nicola willis with us. Good morning, Good morning mate.

666
00:30:35,560 --> 00:30:36,920
Speaker 2: What are your spidery sensors saying?

667
00:30:37,000 --> 00:30:37,320
Speaker 18: Is this it?

668
00:30:38,600 --> 00:30:38,760
Speaker 9: Well?

669
00:30:38,840 --> 00:30:43,080
Speaker 19: Treasury have been forecasting that they expect unemployment to peak

670
00:30:43,200 --> 00:30:46,920
Speaker 19: later this year and to start coming down. And that's

671
00:30:46,960 --> 00:30:48,880
Speaker 19: what I still think is going to happen, because we

672
00:30:48,960 --> 00:30:52,080
Speaker 19: do have an economic recovery underway. We had GDP growing

673
00:30:52,120 --> 00:30:54,880
Speaker 19: in the last quarter of last year, and generally what

674
00:30:55,000 --> 00:30:58,240
Speaker 19: that means is soon enough unemployment starts following.

675
00:30:58,440 --> 00:31:00,280
Speaker 2: Yeah, I'd like to think that was true. I've got

676
00:31:00,320 --> 00:31:02,680
Speaker 2: bad news for you. I'm doing the live GDP this morning.

677
00:31:02,720 --> 00:31:04,480
Speaker 2: They've got us down on the quarterly change and the

678
00:31:04,560 --> 00:31:08,960
Speaker 2: annual change down a minus zero point one for the quarter.

679
00:31:09,120 --> 00:31:11,040
Speaker 2: So maybe this growth thing isn't happening the way we

680
00:31:11,120 --> 00:31:11,640
Speaker 2: thought it was.

681
00:31:12,920 --> 00:31:16,440
Speaker 19: Well, what we know is that consumer confidence and business

682
00:31:16,480 --> 00:31:19,320
Speaker 19: confidence has been recovering. But at the same time, all

683
00:31:19,360 --> 00:31:22,560
Speaker 19: of these international events have definitely had an impact on

684
00:31:22,760 --> 00:31:25,440
Speaker 19: people's views about how the economy is going to go,

685
00:31:25,600 --> 00:31:28,880
Speaker 19: and therefore how much they're investing, and therefore their readiness

686
00:31:28,960 --> 00:31:30,960
Speaker 19: to take on new workers and all of those sorts

687
00:31:30,960 --> 00:31:34,080
Speaker 19: of things. So I think with the uncertainty that we're having,

688
00:31:34,720 --> 00:31:36,920
Speaker 19: we could see that these numbers going up and down

689
00:31:36,920 --> 00:31:39,760
Speaker 19: a little bit. But as I say, Treasury and others

690
00:31:39,840 --> 00:31:43,520
Speaker 19: continue to forecast that the economic recovery is underway, just

691
00:31:43,640 --> 00:31:44,840
Speaker 19: not quite as fast as we.

692
00:31:44,880 --> 00:31:47,120
Speaker 2: Were all hoping. Do you worry about the under utilization

693
00:31:47,240 --> 00:31:48,719
Speaker 2: rate and do you worry about the young people who

694
00:31:48,760 --> 00:31:49,400
Speaker 2: can't get work?

695
00:31:50,200 --> 00:31:52,200
Speaker 19: Of course I always do. I want to see young

696
00:31:52,280 --> 00:31:55,600
Speaker 19: people getting into work. What the data indicates is that

697
00:31:55,680 --> 00:31:58,440
Speaker 19: there are more young people going into study rather than

698
00:31:58,600 --> 00:32:01,400
Speaker 19: work at the moment. But there are two sides to

699
00:32:01,560 --> 00:32:03,840
Speaker 19: the data yesterday. On the one hand, it's always good

700
00:32:03,840 --> 00:32:07,280
Speaker 19: to see unemployment lower than the boffins are forecasting. On

701
00:32:07,400 --> 00:32:10,040
Speaker 19: the other hand, it's clear that some people are going

702
00:32:10,080 --> 00:32:12,240
Speaker 19: into part time work rather than full time work and

703
00:32:12,280 --> 00:32:14,800
Speaker 19: aren't getting as many hours of work as they would

704
00:32:14,880 --> 00:32:16,600
Speaker 19: like to be so. I want to see all of

705
00:32:16,640 --> 00:32:17,600
Speaker 19: those numbers improving.

706
00:32:17,800 --> 00:32:20,840
Speaker 2: Barbara Edmunds yesterday busy blaming you for not spending enough money,

707
00:32:21,040 --> 00:32:23,880
Speaker 2: and as easily as we can dismiss this, it is

708
00:32:23,960 --> 00:32:27,360
Speaker 2: a political argument. How much of this recovery relies on

709
00:32:27,440 --> 00:32:30,920
Speaker 2: the Edmunds recipe of you spending money versus the rest

710
00:32:30,920 --> 00:32:32,720
Speaker 2: of us getting out and actually doing something about it.

711
00:32:33,680 --> 00:32:38,080
Speaker 19: It's about everyone feeling confident in the business community and

712
00:32:38,160 --> 00:32:41,040
Speaker 19: in the private sector that they can invest, do things,

713
00:32:41,160 --> 00:32:45,240
Speaker 19: take on new markets. That's how recoveries happen. New Zealand

714
00:32:45,960 --> 00:32:49,520
Speaker 19: at the moment is spending more than it is earning

715
00:32:49,760 --> 00:32:52,800
Speaker 19: by a huge proportion. In fact, compared to other countries

716
00:32:52,840 --> 00:32:55,120
Speaker 19: in the world. Our government is doing more of that

717
00:32:55,840 --> 00:32:58,400
Speaker 19: than many many others. So to say that the way

718
00:32:58,800 --> 00:33:01,360
Speaker 19: to get our economic recout is just to drive this

719
00:33:01,560 --> 00:33:05,200
Speaker 19: country into even deeper debt, I think is financially and

720
00:33:05,360 --> 00:33:08,600
Speaker 19: economically ignorant. That is not the way recoveries come from

721
00:33:08,640 --> 00:33:11,640
Speaker 19: businesses feeling confident, feeling that the future is a good

722
00:33:11,680 --> 00:33:15,120
Speaker 19: place they can invest. They can hard people conditions we're

723
00:33:15,160 --> 00:33:15,600
Speaker 19: trying to set.

724
00:33:15,600 --> 00:33:17,720
Speaker 2: It's not in your area specifically, but you're the most

725
00:33:17,760 --> 00:33:21,240
Speaker 2: senior minister we've got today. Luxen and Upston were in

726
00:33:21,360 --> 00:33:24,480
Speaker 2: Rougaru yesterday. This tourism thing. You've removed one of those barriers,

727
00:33:24,520 --> 00:33:27,760
Speaker 2: those language barriers for visas into this country. I told

728
00:33:27,800 --> 00:33:29,920
Speaker 2: you many people told you about this months ago being

729
00:33:29,960 --> 00:33:32,560
Speaker 2: a hurdle and an impediment to getting tourism growth. It

730
00:33:32,680 --> 00:33:34,600
Speaker 2: was only yesterday. Why are you guys so slow at

731
00:33:34,640 --> 00:33:35,000
Speaker 2: this stuff.

732
00:33:35,800 --> 00:33:37,840
Speaker 19: Well, look, our initial advice was that there were a

733
00:33:37,920 --> 00:33:40,200
Speaker 19: number of risks worth doing that, and then we've sat

734
00:33:40,280 --> 00:33:43,360
Speaker 19: down and we've looked carefully through it, and we've determined

735
00:33:43,400 --> 00:33:45,320
Speaker 19: that this is a change that we can make and

736
00:33:45,480 --> 00:33:48,400
Speaker 19: we should make because it will support more tourists coming.

737
00:33:48,240 --> 00:33:48,680
Speaker 14: To the country.

738
00:33:49,120 --> 00:33:52,280
Speaker 19: We told you that months ago, Yes you did, but

739
00:33:52,400 --> 00:33:54,000
Speaker 19: we had to weigh all of the evidence, and we

740
00:33:54,120 --> 00:33:55,920
Speaker 19: had to weigh the advice that we were getting from

741
00:33:55,960 --> 00:33:58,560
Speaker 19: our officials saying that they did think that there were

742
00:33:58,640 --> 00:34:01,320
Speaker 19: risks to this. We've weighed that was made an appropriate decision.

743
00:34:01,440 --> 00:34:04,160
Speaker 2: Appreciate your time. Nicola Willis the Finance minister, speaking of

744
00:34:04,840 --> 00:34:06,720
Speaker 2: we'll put it blunt, leave me running the country. I

745
00:34:06,960 --> 00:34:09,160
Speaker 2: was name checked yet again in Parliament yesterday, but we'll

746
00:34:09,160 --> 00:34:12,239
Speaker 2: come to that. Later eleven past seven Passki Grand Power

747
00:34:12,280 --> 00:34:14,640
Speaker 2: wanting to upgrade the cook straight power cable current One's

748
00:34:14,680 --> 00:34:17,239
Speaker 2: done to a degree sometime next decade. The cost is

749
00:34:17,280 --> 00:34:19,480
Speaker 2: about one point four billion. Well that's what they say today.

750
00:34:19,960 --> 00:34:22,320
Speaker 2: John Carney, of course, is the boss of Energy Resources

751
00:34:22,360 --> 00:34:24,319
Speaker 2: Anti R back with us on the program. John, very

752
00:34:24,360 --> 00:34:24,920
Speaker 2: good morning to you.

753
00:34:25,600 --> 00:34:26,200
Speaker 5: Good morning Mike.

754
00:34:26,280 --> 00:34:28,600
Speaker 2: So they put some consultation out. Is there anything actually

755
00:34:28,840 --> 00:34:31,280
Speaker 2: to consult on if something needs replacing? It needs replacing,

756
00:34:31,320 --> 00:34:31,640
Speaker 2: doesn't it.

757
00:34:32,719 --> 00:34:39,480
Speaker 5: Well yeah, I mean it's a it's a good proposal. Obviously,

758
00:34:40,200 --> 00:34:43,040
Speaker 5: the Comments Commission will need to scrutinize it to ensure

759
00:34:43,080 --> 00:34:48,040
Speaker 5: that the numbers are robust and the program executable. So

760
00:34:48,760 --> 00:34:49,840
Speaker 5: so we'll see where that gets to.

761
00:34:50,280 --> 00:34:53,400
Speaker 2: Does it is the industry wide agreement that we're up

762
00:34:53,480 --> 00:34:55,680
Speaker 2: I mean, this thing started in sixty five, was replaced

763
00:34:55,719 --> 00:34:57,600
Speaker 2: in nineteen ninety one. It looks old.

764
00:34:58,920 --> 00:35:01,040
Speaker 5: Yeah, yeah, look at the end off it's nearing. It's

765
00:35:01,040 --> 00:35:03,880
Speaker 5: the end of its operational life. And this is Transparwer

766
00:35:04,000 --> 00:35:07,200
Speaker 5: doing what it does best, which is a bit of

767
00:35:07,280 --> 00:35:11,160
Speaker 5: four planning and advising the market that this thing's are

768
00:35:11,320 --> 00:35:14,800
Speaker 5: coming at us, and we'll need scrutiny by everybody so

769
00:35:14,960 --> 00:35:19,920
Speaker 5: by users, by the generators, by end consumers, and we'll

770
00:35:19,920 --> 00:35:20,680
Speaker 5: see where it getested.

771
00:35:21,000 --> 00:35:22,839
Speaker 2: This is part of this is the most interesting thing

772
00:35:22,880 --> 00:35:24,560
Speaker 2: for me is I can't remember who it was, but

773
00:35:24,600 --> 00:35:28,840
Speaker 2: they got permission Transpower to get more money off us

774
00:35:28,920 --> 00:35:31,520
Speaker 2: by way of power bills to do this sort of thing.

775
00:35:32,480 --> 00:35:35,840
Speaker 2: How I don't know what the word is. Risky is

776
00:35:35,920 --> 00:35:38,080
Speaker 2: what they do when it comes to charging us more

777
00:35:38,160 --> 00:35:40,160
Speaker 2: for power to do what they would argue is super

778
00:35:40,200 --> 00:35:41,400
Speaker 2: important for infrastructure.

779
00:35:42,320 --> 00:35:46,280
Speaker 5: Oh well, look, that's the role of the Commerce Commission

780
00:35:46,400 --> 00:35:50,600
Speaker 5: primarily to regulate transpowers, transactions and spending because of course

781
00:35:50,719 --> 00:35:54,719
Speaker 5: transpar is a monopoly that doesn't face competition. So you know,

782
00:35:54,800 --> 00:35:59,880
Speaker 5: the Commerce Commission will closely analyze this proposal for approval

783
00:36:00,000 --> 00:36:02,520
Speaker 5: and look, given that the replacement seems like the sensible

784
00:36:02,560 --> 00:36:06,200
Speaker 5: thing to do, well, actually focus on and whether the

785
00:36:06,280 --> 00:36:09,399
Speaker 5: overall benefits actually justify the proposing to go from three

786
00:36:09,440 --> 00:36:12,120
Speaker 5: to four cables. So I imagine that's where the focus

787
00:36:12,239 --> 00:36:12,480
Speaker 5: will be.

788
00:36:12,680 --> 00:36:14,560
Speaker 2: Good stuff, John, Always enjoy having you on the program,

789
00:36:14,640 --> 00:36:18,160
Speaker 2: John Carnegie Energy Resources are Boss. Thirty minutes past seven

790
00:36:18,320 --> 00:36:20,759
Speaker 2: fas gets clump you work and watching the Chimney live stream.

791
00:36:20,800 --> 00:36:23,680
Speaker 2: It's getting dark won't all smokey black shortly anyway. No, no, no,

792
00:36:24,320 --> 00:36:27,080
Speaker 2: it's a city's You will see dark smoke as you've

793
00:36:27,120 --> 00:36:29,040
Speaker 2: just seen literally a couple of moments ago. So cabin

794
00:36:29,040 --> 00:36:31,920
Speaker 2: footprint of all this, don't ask well, it depends how

795
00:36:31,960 --> 00:36:34,800
Speaker 2: long the vote goes. Obviously it gets worse. That's it

796
00:36:34,880 --> 00:36:37,959
Speaker 2: goes the worse it becomes rugby. Mike. You probably can't

797
00:36:37,960 --> 00:36:39,680
Speaker 2: read this out of course I can't. I'm not taking

798
00:36:39,719 --> 00:36:42,640
Speaker 2: the mickey. The women's game is costing. It's worth an

799
00:36:42,680 --> 00:36:45,279
Speaker 2: interview with David Kirk or somebody like that. I'm not

800
00:36:45,320 --> 00:36:47,640
Speaker 2: anti women's rugby, but I do know for a fact

801
00:36:48,200 --> 00:36:50,480
Speaker 2: it is not watched, and it is not supported in

802
00:36:50,560 --> 00:36:53,080
Speaker 2: the way that many would probably like, and there is

803
00:36:53,120 --> 00:36:55,319
Speaker 2: a cost of doing it. That might be in part

804
00:36:55,440 --> 00:36:58,120
Speaker 2: our answer to why the New Zealand rugby Union, who

805
00:36:58,120 --> 00:37:01,880
Speaker 2: announced their losses today are in the position they currently are.

806
00:37:02,120 --> 00:37:06,920
Speaker 1: Fourteen past the mic asking Breakfast Full Show podcast on

807
00:37:07,160 --> 00:37:09,520
Speaker 1: iHeartRadio powered by News Talks at.

808
00:37:09,440 --> 00:37:14,279
Speaker 2: B latest the second report from the Committee looking into

809
00:37:14,400 --> 00:37:16,399
Speaker 2: Organized crime in this country have got their run one

810
00:37:16,480 --> 00:37:18,680
Speaker 2: their bindings and be the recommendations will have a look

811
00:37:18,680 --> 00:37:21,080
Speaker 2: at what they are shortly sixteen past seven, make Lundy

812
00:37:21,120 --> 00:37:23,799
Speaker 2: speaking of crime, been released from prison back among us.

813
00:37:23,920 --> 00:37:25,600
Speaker 2: He spent twenty three years, of course, with the murder

814
00:37:25,640 --> 00:37:28,320
Speaker 2: of his wife and daughter. Current suppression orders mean it

815
00:37:28,440 --> 00:37:31,040
Speaker 2: can't be revealed where he will live now. The question

816
00:37:31,400 --> 00:37:32,799
Speaker 2: being asked, of course, as do we have a right

817
00:37:32,880 --> 00:37:35,120
Speaker 2: to know? Now the criminal lawyer Steve Cullen is back.

818
00:37:35,200 --> 00:37:36,440
Speaker 2: Well the Steve, very good morning to you.

819
00:37:37,520 --> 00:37:38,040
Speaker 14: Good morning.

820
00:37:38,160 --> 00:37:40,359
Speaker 2: More very clear on this or is it case by case?

821
00:37:41,200 --> 00:37:43,799
Speaker 14: No, it is very clear. They do not release where

822
00:37:43,840 --> 00:37:46,480
Speaker 14: people are going to be paroled too, with their addresses

823
00:37:46,520 --> 00:37:48,480
Speaker 14: will be because obviously they want to try and integrate

824
00:37:48,520 --> 00:37:51,520
Speaker 14: them back into the community. And if we run the

825
00:37:51,560 --> 00:37:56,480
Speaker 14: rest of vigilante groups, media throngs all and all, they've

826
00:37:56,520 --> 00:37:58,760
Speaker 14: decided that it's fassa for if which just simply released

827
00:37:58,760 --> 00:38:00,360
Speaker 14: these people. Are trying and slip them back to the

828
00:38:00,440 --> 00:38:01,600
Speaker 14: community as best we can.

829
00:38:01,960 --> 00:38:04,120
Speaker 2: Very difficult anyway, isn't it. In a country the size

830
00:38:04,120 --> 00:38:06,000
Speaker 2: of New Zealand at five million people. I think if

831
00:38:06,040 --> 00:38:08,279
Speaker 2: you put some energy into it, you could probably find

832
00:38:08,280 --> 00:38:09,120
Speaker 2: it anyway, couldn't you.

833
00:38:09,600 --> 00:38:10,759
Speaker 1: Well, absolutely right.

834
00:38:10,880 --> 00:38:12,760
Speaker 14: We're a small country with a small population.

835
00:38:13,239 --> 00:38:16,600
Speaker 2: And having said that, I side with on this this way,

836
00:38:16,600 --> 00:38:19,520
Speaker 2: I asked about the cases. So Lundy is convicted of

837
00:38:19,640 --> 00:38:21,640
Speaker 2: a murder of his wife and daughter, he's not a

838
00:38:21,760 --> 00:38:25,040
Speaker 2: danger to the wider community. That would be different to

839
00:38:25,120 --> 00:38:27,919
Speaker 2: the bloke who is a serial killer or a sex

840
00:38:28,000 --> 00:38:31,720
Speaker 2: offender who ran his time and is not entirely convinced

841
00:38:31,719 --> 00:38:34,360
Speaker 2: the parole boarder you shouldn't be behind bars forever. Do

842
00:38:34,400 --> 00:38:35,600
Speaker 2: you see the difference?

843
00:38:36,680 --> 00:38:39,239
Speaker 14: Yes, I do see the distinction. The prob would of

844
00:38:39,239 --> 00:38:42,239
Speaker 14: course makes the distermination with somebody suitable for release or not,

845
00:38:42,840 --> 00:38:46,000
Speaker 14: But certainly the public interest in somebody who's more likely

846
00:38:46,080 --> 00:38:48,480
Speaker 14: to be a predator on his fellow citizens would be

847
00:38:49,000 --> 00:38:49,719
Speaker 14: somewhat higher.

848
00:38:50,040 --> 00:38:52,480
Speaker 2: What's the financials running? There's no answer to this question.

849
00:38:52,560 --> 00:38:54,120
Speaker 2: But a guy's been in jail for twenty three years,

850
00:38:54,160 --> 00:38:55,480
Speaker 2: what's he doing. Is he going out to get a

851
00:38:55,560 --> 00:38:56,920
Speaker 2: job and doing well with the rest of his life?

852
00:38:56,920 --> 00:38:58,320
Speaker 2: Who is going to be on the benefit forever?

853
00:38:59,520 --> 00:39:00,520
Speaker 4: Oh? Well, there's hope.

854
00:39:00,560 --> 00:39:03,680
Speaker 14: They seek a placement, They talk to people who are

855
00:39:03,719 --> 00:39:05,320
Speaker 14: going to be there to support them, They have some

856
00:39:05,400 --> 00:39:07,960
Speaker 14: sort of network, they'll ever residents are going to inhabit.

857
00:39:08,160 --> 00:39:11,399
Speaker 14: Hopefully there's some sort of employment plan. They've been working

858
00:39:11,480 --> 00:39:14,800
Speaker 14: towards that, and then they slowly slip. Often they have

859
00:39:15,440 --> 00:39:18,000
Speaker 14: guided release, monitored release at the beginning to see how

860
00:39:18,080 --> 00:39:21,200
Speaker 14: well they go. They've already been entering the community. They've

861
00:39:21,280 --> 00:39:23,880
Speaker 14: determined that that's working, so then they say, all right, now,

862
00:39:24,000 --> 00:39:26,320
Speaker 14: let's see if we can take the next step of

863
00:39:26,400 --> 00:39:27,920
Speaker 14: having you fully reintegrate it.

864
00:39:28,120 --> 00:39:30,839
Speaker 2: And some good stuff might appreciate it. Steve Callen, criminal lawyer.

865
00:39:30,880 --> 00:39:33,160
Speaker 2: Funnily enough, I was watching an interview with Barry Hearn

866
00:39:33,800 --> 00:39:37,839
Speaker 2: who runs snooker globally. Eddie Hearn is the boxing guy.

867
00:39:37,960 --> 00:39:40,920
Speaker 2: Barry's his dad and runs darts and snooker. Anyway, I

868
00:39:40,960 --> 00:39:43,000
Speaker 2: was talking about the bloke who won the World championship,

869
00:39:43,120 --> 00:39:45,840
Speaker 2: who of course was done for match fixing. There were

870
00:39:45,880 --> 00:39:48,239
Speaker 2: about ten Chinese done for match fixing and a betting

871
00:39:48,280 --> 00:39:50,040
Speaker 2: scandal and stuff like that, and he was asked whether

872
00:39:50,120 --> 00:39:52,239
Speaker 2: or not this is right that a guy who's a

873
00:39:52,320 --> 00:39:56,120
Speaker 2: cheat and a convicted cheat and was found cheating only

874
00:39:56,200 --> 00:39:58,239
Speaker 2: got banned for two years. And he's very much of

875
00:39:58,320 --> 00:39:59,960
Speaker 2: the let's move forward. You can't look in the res

876
00:40:00,160 --> 00:40:02,320
Speaker 2: you mirror, You can't punish somebody if the punishment is

877
00:40:02,360 --> 00:40:07,120
Speaker 2: the punishment. You can't keep looking back forever and Lundy's

878
00:40:07,160 --> 00:40:09,800
Speaker 2: served as time and we either have the system or

879
00:40:09,880 --> 00:40:12,520
Speaker 2: we don't. And you can't punish a bloke after twenty

880
00:40:12,600 --> 00:40:14,680
Speaker 2: three years and go, I wonder where he lives. Oh,

881
00:40:14,719 --> 00:40:16,520
Speaker 2: I don't really want him in the community. I mean,

882
00:40:16,800 --> 00:40:20,160
Speaker 2: or if you don't like that, then you change the

883
00:40:20,280 --> 00:40:22,000
Speaker 2: entire system. And I don't see that we're changing the

884
00:40:22,160 --> 00:40:25,759
Speaker 2: entire system, are we. I've got some issues around what's

885
00:40:25,800 --> 00:40:29,160
Speaker 2: happening in America and how it potentially affects what's happening

886
00:40:29,239 --> 00:40:32,080
Speaker 2: here in the moment. As regards the media. Seven twenty.

887
00:40:33,880 --> 00:40:38,520
Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio, how

888
00:40:38,600 --> 00:40:39,880
Speaker 1: It by News Talk SEP.

889
00:40:42,440 --> 00:40:45,080
Speaker 2: Kiwi Dream. Many would agree owning your home as a

890
00:40:45,280 --> 00:40:47,680
Speaker 2: big part of the Kiwi dream. SBS Bank have been

891
00:40:47,760 --> 00:40:49,800
Speaker 2: helping us achieve that particular dream for one hundred and

892
00:40:49,800 --> 00:40:52,240
Speaker 2: fifty five years, so they're so good at it. At SBS,

893
00:40:52,600 --> 00:40:54,920
Speaker 2: they've been judge Kanstar's best bank for first time Buyers

894
00:40:54,960 --> 00:40:57,200
Speaker 2: in twenty twenty two, twenty three, and twenty four. So

895
00:40:57,520 --> 00:40:59,320
Speaker 2: if you're looking to buy your first home or you

896
00:40:59,400 --> 00:41:01,080
Speaker 2: have first time by in your life, whether it's the

897
00:41:01,120 --> 00:41:04,040
Speaker 2: kids of the grandkids, SBS they should be your first

898
00:41:04,080 --> 00:41:05,759
Speaker 2: port of court because what makes them so good it's

899
00:41:05,800 --> 00:41:09,880
Speaker 2: their product, basically the SBS First Home Combo, which has

900
00:41:09,920 --> 00:41:12,920
Speaker 2: got some very impressive inclusions like a heavily discounted interest rate,

901
00:41:13,000 --> 00:41:15,880
Speaker 2: you've got cash back offer contribution towards the SBS insurance

902
00:41:15,920 --> 00:41:19,320
Speaker 2: home policies. You've got money back into the SBS Wehel's

903
00:41:19,400 --> 00:41:21,840
Speaker 2: Kei we saver, a lot of savings for first home buyers.

904
00:41:21,920 --> 00:41:25,680
Speaker 2: Good deal, so first home lending. An eligibility criteria apply,

905
00:41:25,800 --> 00:41:28,040
Speaker 2: of course, and so for all you need to know

906
00:41:28,160 --> 00:41:31,640
Speaker 2: about SBS's terms, fees and conditions, go to the website,

907
00:41:32,080 --> 00:41:34,560
Speaker 2: which you'll find under SBS funnily enough, ready to follow

908
00:41:34,600 --> 00:41:37,240
Speaker 2: those awards to the great Home Loan. You search SBS

909
00:41:37,320 --> 00:41:39,359
Speaker 2: Bank and talk to your mortgage broker if you want

910
00:41:39,400 --> 00:41:45,319
Speaker 2: about SBS First Home Combo Pasky seven, twenty three. Little

911
00:41:45,320 --> 00:41:47,440
Speaker 2: bit of Beltway excitement a couple of weeks ago when

912
00:41:47,440 --> 00:41:49,840
Speaker 2: Winston Peters turned up on the Breakfast Show at the

913
00:41:49,920 --> 00:41:52,839
Speaker 2: National Broadcaster and got a bit bothered with the question

914
00:41:53,000 --> 00:41:55,560
Speaker 2: line so threatened to cut the funding. This, of course

915
00:41:56,000 --> 00:41:58,839
Speaker 2: was hot air. Many in the Beltway, though sadly, had

916
00:41:58,880 --> 00:42:02,000
Speaker 2: their sense of humor. If not absurd surgically removed at birth,

917
00:42:02,280 --> 00:42:04,560
Speaker 2: so they took it seriously. No such thing is going

918
00:42:04,600 --> 00:42:07,200
Speaker 2: to happen, of course, for a series of pretty obvious reasons,

919
00:42:07,239 --> 00:42:08,680
Speaker 2: none of which I'm going to bore you with now.

920
00:42:09,000 --> 00:42:12,440
Speaker 2: But the earnestness with which they grimaced was based on

921
00:42:12,520 --> 00:42:15,000
Speaker 2: the idea that there are those who can and do

922
00:42:15,440 --> 00:42:18,400
Speaker 2: threaten public broadcasters around the world. The latest is mister D.

923
00:42:18,760 --> 00:42:22,400
Speaker 2: Trump of Washington, who has signed an executive order to

924
00:42:22,440 --> 00:42:26,400
Speaker 2: stop funding PBS, among others. This, like everything else, is

925
00:42:26,480 --> 00:42:28,720
Speaker 2: headed to court and may well win, because the argument

926
00:42:28,760 --> 00:42:31,080
Speaker 2: of weight appears to be public broadcasting and its funding

927
00:42:31,480 --> 00:42:33,880
Speaker 2: is a congressional thing, and therefore an executive order from

928
00:42:33,920 --> 00:42:36,600
Speaker 2: the bloke in the corner office doesn't count. The Trump argument,

929
00:42:36,960 --> 00:42:41,480
Speaker 2: and this is worth pondering, is that public money undermines independence,

930
00:42:41,800 --> 00:42:44,640
Speaker 2: and the media is vastly changed in recent years, and

931
00:42:44,719 --> 00:42:47,800
Speaker 2: a government operation is no longer necessary. And I actually

932
00:42:47,840 --> 00:42:51,160
Speaker 2: have some sympathy for that argument. Public radio here has

933
00:42:51,239 --> 00:42:53,440
Speaker 2: the concert program for example, it plays a lot of

934
00:42:53,480 --> 00:42:56,319
Speaker 2: classical music. Very few people listen to it. Why are

935
00:42:56,360 --> 00:42:59,319
Speaker 2: we paying for it? Commercial radio doesn't cover everything, of course,

936
00:42:59,480 --> 00:43:02,920
Speaker 2: children's educational programming we don't cover. But having said that,

937
00:43:02,960 --> 00:43:05,200
Speaker 2: I don't think public radio does that either. In America,

938
00:43:05,520 --> 00:43:09,280
Speaker 2: publicly funded television invented Sesame Street. I mean, that's of value.

939
00:43:09,680 --> 00:43:11,880
Speaker 2: Here we have New Zealand on air. Why do we

940
00:43:11,960 --> 00:43:14,719
Speaker 2: have that as well as publicly funded television and radio?

941
00:43:14,760 --> 00:43:17,120
Speaker 2: Why don't we just have a funding system for product

942
00:43:17,760 --> 00:43:20,040
Speaker 2: we want to promote and tender it to those who

943
00:43:20,160 --> 00:43:22,440
Speaker 2: want to run it on their platforms. Is it a

944
00:43:22,520 --> 00:43:26,080
Speaker 2: fair question to ask here that, although they claim neutrality,

945
00:43:26,200 --> 00:43:30,040
Speaker 2: would a snap pole of people on the street suggest

946
00:43:30,160 --> 00:43:33,120
Speaker 2: radio and television New Zealand and neutral? Is the BBC

947
00:43:33,400 --> 00:43:36,600
Speaker 2: seen as neutral? Is the ABC in Australia a bastion

948
00:43:36,840 --> 00:43:41,120
Speaker 2: of straight up and down middle balance? As always with Trump,

949
00:43:41,360 --> 00:43:43,640
Speaker 2: the seat of a decent thought is lost in the noise,

950
00:43:43,680 --> 00:43:45,759
Speaker 2: in the bluster. But ask the question what is so

951
00:43:46,040 --> 00:43:49,720
Speaker 2: unique about public Talian public radio? Whether here in America?

952
00:43:49,920 --> 00:43:52,840
Speaker 2: Are here America, Britain, Australia that needs so much of

953
00:43:52,880 --> 00:43:57,520
Speaker 2: our money? Asking as pleasant Mike as David Parker is,

954
00:43:57,640 --> 00:44:00,400
Speaker 2: or his tomb will always be remembered for his helpable

955
00:44:00,480 --> 00:44:02,440
Speaker 2: hate for the successful.

956
00:44:01,920 --> 00:44:02,279
Speaker 4: And the rich.

957
00:44:02,360 --> 00:44:05,160
Speaker 2: Pricks Tony, It's an interesting thing I struggle with David

958
00:44:05,200 --> 00:44:07,800
Speaker 2: Parker because he gave his valedictory for you don't know

959
00:44:07,800 --> 00:44:10,279
Speaker 2: why we're talking about David Parker, who gave his valedictory

960
00:44:10,320 --> 00:44:14,440
Speaker 2: yesterday afternoon, and it was classic David Parker. You wouldn't

961
00:44:14,440 --> 00:44:17,120
Speaker 2: buy tickets to it. But you're right, he is a

962
00:44:17,200 --> 00:44:19,200
Speaker 2: nice guy. He's a very likable guy. And I know

963
00:44:19,320 --> 00:44:21,800
Speaker 2: a bloke who knows him particularly well and was in

964
00:44:21,920 --> 00:44:24,320
Speaker 2: business with him, and he is and has described himself

965
00:44:24,320 --> 00:44:26,560
Speaker 2: as a serial entrepreneur. So it's not like, in fact,

966
00:44:26,640 --> 00:44:29,320
Speaker 2: he's the only person, as far as I can remember,

967
00:44:29,440 --> 00:44:33,600
Speaker 2: in the Labor Caucus whoever ran a business actually ran

968
00:44:33,680 --> 00:44:36,320
Speaker 2: a business. The rest of them are pretenders and university

969
00:44:36,400 --> 00:44:38,480
Speaker 2: and people hang out in libraries and unions. So he's

970
00:44:38,520 --> 00:44:41,240
Speaker 2: the only actual businessman in the place. And yet despite

971
00:44:41,320 --> 00:44:43,160
Speaker 2: being in the so called real world he started out

972
00:44:43,160 --> 00:44:46,239
Speaker 2: with they two, despite being in the real world, he

973
00:44:46,360 --> 00:44:48,480
Speaker 2: still argues for a wealth tax and all that other stuff. Mike,

974
00:44:48,520 --> 00:44:50,319
Speaker 2: I wonder if the minimum wage being at twenty three

975
00:44:50,320 --> 00:44:52,759
Speaker 2: to fifty is preventing young people from getting a job

976
00:44:52,800 --> 00:44:55,800
Speaker 2: without any training. Employers are possibly looking experienced. And I

977
00:44:55,960 --> 00:44:59,080
Speaker 2: couldn't agree with you more. Had the argument with John Key,

978
00:44:59,160 --> 00:45:00,839
Speaker 2: many many years ago. When you said we don't need

979
00:45:00,880 --> 00:45:02,919
Speaker 2: a youth wage, I said, John, we need a youth wage.

980
00:45:02,920 --> 00:45:04,920
Speaker 2: Eventually he came to the conclusion we needed a youth

981
00:45:04,960 --> 00:45:07,920
Speaker 2: wage because if you're paying the same dollars to a

982
00:45:08,160 --> 00:45:09,880
Speaker 2: twenty nine year old who's been in the workforce for

983
00:45:09,920 --> 00:45:13,959
Speaker 2: several years versus a seventeen year old who's barely left school, Ben,

984
00:45:14,040 --> 00:45:15,879
Speaker 2: why are you hiring them? See, we just need more

985
00:45:15,920 --> 00:45:19,239
Speaker 2: mic Hosking based policy. Wait till I get to what

986
00:45:19,440 --> 00:45:22,680
Speaker 2: was unfolding in Parliament yesterday as regards my good self,

987
00:45:22,960 --> 00:45:25,040
Speaker 2: which we will do shortly. We'll also deal with this

988
00:45:25,400 --> 00:45:27,840
Speaker 2: new report, little latest report into crime.

989
00:45:28,320 --> 00:45:32,000
Speaker 1: In New Zealand's home for trusted news and views, the

990
00:45:32,200 --> 00:45:36,240
Speaker 1: mic Hosking breakfit with Bailey's real estate, your local experts

991
00:45:36,280 --> 00:45:39,319
Speaker 1: across residential, commercial and rural news togs d.

992
00:45:39,360 --> 00:45:42,799
Speaker 2: Be sorry, mate, I mean a Dune's Public Interest Journalism fund.

993
00:45:42,840 --> 00:45:45,000
Speaker 2: I didn't see any public interest in ourans AD one

994
00:45:45,080 --> 00:45:47,640
Speaker 2: news and three news. Jimmy getting slightly confused, But let

995
00:45:47,719 --> 00:45:49,040
Speaker 2: me come back to that in a couple of moments.

996
00:45:49,040 --> 00:45:51,560
Speaker 2: But a lot of feedback along those lines. Twenty three

997
00:45:51,600 --> 00:45:55,480
Speaker 2: minutes away from eight, the organized Crime Advisory Group back

998
00:45:55,560 --> 00:45:58,400
Speaker 2: this morning with their second report finds we're willingly funneling

999
00:45:58,440 --> 00:46:01,000
Speaker 2: money into organized crime groups through the purchasing of drugs

1000
00:46:01,040 --> 00:46:03,520
Speaker 2: and dumb scams. Meanwhile, the police are who bring up

1001
00:46:03,840 --> 00:46:06,279
Speaker 2: just seventy five million dollars worth of criminal assets, which

1002
00:46:06,320 --> 00:46:09,920
Speaker 2: they think accounts for about four percent of what's actually

1003
00:46:10,000 --> 00:46:12,160
Speaker 2: out there. Steve Simon is the Tier of the Ministry,

1004
00:46:12,200 --> 00:46:14,839
Speaker 2: your Advisory Group, and is back with this. Steve, very

1005
00:46:14,880 --> 00:46:18,279
Speaker 2: good morning to you morning mate. So we're attractive as

1006
00:46:18,320 --> 00:46:21,080
Speaker 2: a market. Is that because everywhere is attractive as a

1007
00:46:21,120 --> 00:46:23,239
Speaker 2: market at the moment, or we in New Zealand are

1008
00:46:23,239 --> 00:46:24,360
Speaker 2: a little bit sleep at the wheel.

1009
00:46:25,960 --> 00:46:29,440
Speaker 17: Everywhere is attractive as a market. New Zealand is particularly

1010
00:46:29,480 --> 00:46:34,600
Speaker 17: attractive because, on the one hand, because of our remoteness,

1011
00:46:35,000 --> 00:46:37,200
Speaker 17: we're doing everything we can to be the easiest place

1012
00:46:37,239 --> 00:46:39,800
Speaker 17: in the world to do business. The downside of that

1013
00:46:40,000 --> 00:46:42,400
Speaker 17: is it also means we're one of the easiest places

1014
00:46:42,840 --> 00:46:47,120
Speaker 17: organized crime to do business. And we're also attractive because,

1015
00:46:47,520 --> 00:46:51,040
Speaker 17: for example, with meth and fetamine, New Zealanders will pay

1016
00:46:51,880 --> 00:46:54,359
Speaker 17: a price for metham fetamine which is higher than most

1017
00:46:54,400 --> 00:46:55,399
Speaker 17: other places in the world.

1018
00:46:56,400 --> 00:46:57,880
Speaker 2: How depressing is it to say that.

1019
00:46:59,400 --> 00:47:03,960
Speaker 17: It's pretty it's pretty challenging to think of what that

1020
00:47:04,080 --> 00:47:05,680
Speaker 17: means for us as New Zealander. Is what that means

1021
00:47:05,760 --> 00:47:08,520
Speaker 17: for me? What means for my kids? And so that's

1022
00:47:08,600 --> 00:47:10,320
Speaker 17: part of the reason why we're looking at trying to

1023
00:47:10,400 --> 00:47:13,400
Speaker 17: find ways tools for the police and other enforcement agencies

1024
00:47:13,480 --> 00:47:14,320
Speaker 17: to do something about it.

1025
00:47:14,880 --> 00:47:17,919
Speaker 2: Are they what's your summation from this group of yours

1026
00:47:17,960 --> 00:47:20,280
Speaker 2: so far on? And this debtails into the four percent

1027
00:47:20,360 --> 00:47:23,160
Speaker 2: on assets as well of what the job police are

1028
00:47:23,239 --> 00:47:24,000
Speaker 2: doing good or not.

1029
00:47:25,560 --> 00:47:27,960
Speaker 17: The police are doing a really good job. I think

1030
00:47:28,000 --> 00:47:32,080
Speaker 17: the difficult is by international standards that four point two

1031
00:47:32,120 --> 00:47:36,480
Speaker 17: percent is actually very good. The point, as your notice,

1032
00:47:36,719 --> 00:47:39,120
Speaker 17: they just can't it's just not good enough to move

1033
00:47:39,160 --> 00:47:42,239
Speaker 17: the dial to disrupt organized crime. Our police are doing

1034
00:47:42,320 --> 00:47:44,680
Speaker 17: great with the tools that they've got, working really hard

1035
00:47:45,120 --> 00:47:47,040
Speaker 17: with the tools that they've got to seize that amount

1036
00:47:47,040 --> 00:47:49,800
Speaker 17: of money, and it's not insignificant. We just think that

1037
00:47:49,880 --> 00:47:52,239
Speaker 17: if we are going to actually disrupt organized crime, we

1038
00:47:52,320 --> 00:47:53,319
Speaker 17: need to give them better tools.

1039
00:47:53,400 --> 00:47:56,160
Speaker 2: Exactly. So a two part question on this, what are

1040
00:47:56,239 --> 00:47:59,880
Speaker 2: those tools, how legislatively heavy are they and are you

1041
00:48:00,120 --> 00:48:02,320
Speaker 2: telling people like Mitchell anything they don't already know?

1042
00:48:05,400 --> 00:48:08,520
Speaker 17: Question Mike there are a number of changes, and number

1043
00:48:08,520 --> 00:48:11,200
Speaker 17: of them will be legislators and what we've done is

1044
00:48:11,280 --> 00:48:13,200
Speaker 17: set it up in a report of riety of them

1045
00:48:13,200 --> 00:48:16,200
Speaker 17: in relation to the proceeds of crime regime, also in

1046
00:48:16,280 --> 00:48:19,160
Speaker 17: relation to the money laundering regime, and also around what

1047
00:48:19,239 --> 00:48:22,000
Speaker 17: we can do in relation to cash. Some of those

1048
00:48:22,080 --> 00:48:26,560
Speaker 17: will require changes to the acts that govern them, and

1049
00:48:27,000 --> 00:48:29,960
Speaker 17: we've been in consultation with Minister Castella in relation to that.

1050
00:48:31,120 --> 00:48:34,600
Speaker 17: We've also seen where we will need changes to be

1051
00:48:34,719 --> 00:48:38,400
Speaker 17: made by government agencies and we've had conversations again with

1052
00:48:38,520 --> 00:48:40,320
Speaker 17: the Minister about how those might be achieved.

1053
00:48:40,520 --> 00:48:42,640
Speaker 2: I think I'll asked you this time when the first report,

1054
00:48:42,680 --> 00:48:45,200
Speaker 2: are you bullish on where you sit, on the difference

1055
00:48:45,239 --> 00:48:47,320
Speaker 2: you're making that we're traveling in the right direction and

1056
00:48:47,400 --> 00:48:49,080
Speaker 2: something good will come out of us tangibly?

1057
00:48:50,520 --> 00:48:50,719
Speaker 4: Yes.

1058
00:48:50,880 --> 00:48:53,040
Speaker 17: I mean we were told to be bold, we were

1059
00:48:53,080 --> 00:48:56,239
Speaker 17: told to shift the dial and to do it in

1060
00:48:56,280 --> 00:48:59,120
Speaker 17: a meaningful way, and so our recommendations have been very

1061
00:48:59,200 --> 00:49:02,120
Speaker 17: bold because we know, on the one hand we want

1062
00:49:02,160 --> 00:49:06,239
Speaker 17: to balance private individuals interests, but also we want to

1063
00:49:06,360 --> 00:49:09,000
Speaker 17: on behalf of New Zealand do something to tackle this problem.

1064
00:49:09,239 --> 00:49:10,480
Speaker 2: Good on you, and I wish you the best and

1065
00:49:10,520 --> 00:49:12,239
Speaker 2: we'll get you on with your extra report. Steve Simon,

1066
00:49:12,280 --> 00:49:14,839
Speaker 2: who's the chair of the Ministerial Advisory Group for Organized Crime,

1067
00:49:15,000 --> 00:49:17,360
Speaker 2: it's worth looking if you can be bothered. In Parliament

1068
00:49:17,440 --> 00:49:22,160
Speaker 2: yesterday Shane Jones gave a very sober answer. And the

1069
00:49:22,200 --> 00:49:24,879
Speaker 2: reason I emphasized that is normally Shane Jones as sort

1070
00:49:24,880 --> 00:49:27,880
Speaker 2: of hilarious in his answers, nothing's taken particularly serious, but

1071
00:49:28,080 --> 00:49:32,160
Speaker 2: yesterday spoke very seriously about the drug addled nature of

1072
00:49:32,320 --> 00:49:34,000
Speaker 2: his part of the world and the far north of

1073
00:49:34,080 --> 00:49:35,520
Speaker 2: this country. And if you ever want to see what

1074
00:49:35,680 --> 00:49:38,320
Speaker 2: meth can do, and gangs can do, and organized crime

1075
00:49:38,400 --> 00:49:42,400
Speaker 2: can do, unfortunately in the Northland region, as you posted

1076
00:49:42,520 --> 00:49:45,759
Speaker 2: child nineteen minutes away from eight asking as regards to

1077
00:49:45,760 --> 00:49:48,640
Speaker 2: the Public Interest Journalism Fund, where you miss the point, Jim,

1078
00:49:48,920 --> 00:49:51,640
Speaker 2: is when you talk about Orion TV one, et cetera.

1079
00:49:52,000 --> 00:49:55,480
Speaker 2: That fund. The fault of it was you had to

1080
00:49:55,600 --> 00:49:58,640
Speaker 2: sign up to some sort of Teterrty pledge, which was

1081
00:49:58,800 --> 00:50:03,360
Speaker 2: its critical, critical error. And this is where the reputation

1082
00:50:03,480 --> 00:50:06,400
Speaker 2: goes down the drain fast. But it was available to everyone,

1083
00:50:06,560 --> 00:50:09,239
Speaker 2: so you seem to be focusing on the state run broadcasters.

1084
00:50:09,320 --> 00:50:12,480
Speaker 2: It was available to everyone. Nicola willis as much as

1085
00:50:12,520 --> 00:50:15,120
Speaker 2: I support this government for Nicholas note that consumer confidence

1086
00:50:15,200 --> 00:50:17,080
Speaker 2: is picking up his load of crap. Look at Brisco's

1087
00:50:17,080 --> 00:50:19,080
Speaker 2: the golden goose of New Zealand retail and the result

1088
00:50:19,160 --> 00:50:21,920
Speaker 2: that the quarter is negative, Well it's not negative. They

1089
00:50:22,120 --> 00:50:24,239
Speaker 2: lose money. They're still making money, they just weren't making

1090
00:50:24,280 --> 00:50:27,399
Speaker 2: as much money. There won't be a positive correction until

1091
00:50:27,400 --> 00:50:31,160
Speaker 2: twenty twenty six. Cam Andrew callaher who he plays a

1092
00:50:31,160 --> 00:50:32,759
Speaker 2: great deal of weight on because your big brain and

1093
00:50:32,800 --> 00:50:35,839
Speaker 2: he works in this area, was talking about persisting until

1094
00:50:35,840 --> 00:50:38,520
Speaker 2: twenty six. The survived till twenty five. I'm still bullish

1095
00:50:38,600 --> 00:50:41,479
Speaker 2: on twenty five because there's a couple of cuts coming

1096
00:50:42,040 --> 00:50:45,239
Speaker 2: very shortly from the RB and you're right about the

1097
00:50:45,320 --> 00:50:47,960
Speaker 2: consumer confidence, and that's flat as a pancake of not

1098
00:50:48,040 --> 00:50:50,880
Speaker 2: going backwards slightly at the moment. Manufacturing those different and

1099
00:50:51,000 --> 00:50:55,320
Speaker 2: business is different, and confidence does lead to action. So

1100
00:50:55,600 --> 00:50:59,439
Speaker 2: I'm still feeling okay about the latter part of twenty

1101
00:50:59,520 --> 00:50:59,920
Speaker 2: twenty five.

1102
00:51:00,080 --> 00:51:04,600
Speaker 1: Eighteen to two The Mike Hosking Breakfast Full Show podcast

1103
00:51:04,840 --> 00:51:07,560
Speaker 1: on iHeartRadio powered by News Talks at B.

1104
00:51:09,440 --> 00:51:14,880
Speaker 2: Seven forty five yesterday. Interesting times in the Parliament. I

1105
00:51:14,960 --> 00:51:18,960
Speaker 2: told you about Shane Jones a moment ago. Brook ben Velden.

1106
00:51:18,680 --> 00:51:21,880
Speaker 18: Featured what we are doing is making the system more robust,

1107
00:51:22,239 --> 00:51:25,680
Speaker 18: workable and sustainable, and on that basis, I do not

1108
00:51:25,760 --> 00:51:29,759
Speaker 18: agree with Thomas Coglan's characterization. However, I do agree with

1109
00:51:29,960 --> 00:51:34,719
Speaker 18: a different journalist characterization, which was Mike Hoskin from this morning.

1110
00:51:37,560 --> 00:51:42,239
Speaker 13: And the article said reform for the Pay Equity Act

1111
00:51:42,480 --> 00:51:42,879
Speaker 13: is good.

1112
00:51:44,600 --> 00:51:48,600
Speaker 9: Stop till the the.

1113
00:51:50,160 --> 00:51:51,680
Speaker 4: The excitement settles down.

1114
00:51:52,680 --> 00:51:54,640
Speaker 2: There was excitement in the house over the mention of

1115
00:51:54,680 --> 00:51:55,319
Speaker 2: my name, and.

1116
00:51:55,560 --> 00:51:57,120
Speaker 1: You can I think she got the fact that she

1117
00:51:57,200 --> 00:51:58,080
Speaker 1: got your name right.

1118
00:51:58,360 --> 00:52:01,080
Speaker 2: She got it spot on, which often they don't. That's correct,

1119
00:52:01,680 --> 00:52:04,720
Speaker 2: But Jerry had to settle the rebel the low renters

1120
00:52:04,800 --> 00:52:07,279
Speaker 2: down because of course it's important when I'm quoted in

1121
00:52:07,320 --> 00:52:09,040
Speaker 2: the House that you know things go well.

1122
00:52:09,239 --> 00:52:11,680
Speaker 18: What we are doing is making the system more robust,

1123
00:52:12,040 --> 00:52:15,480
Speaker 18: workable and sustainable, and on that basis, I do not

1124
00:52:15,600 --> 00:52:19,560
Speaker 18: agree with Thomas Coglan's characterization. However, I do agree with

1125
00:52:19,760 --> 00:52:24,240
Speaker 18: a different journalist characterization, which was Mike Hoskin from this morning,

1126
00:52:27,360 --> 00:52:28,000
Speaker 18: and the.

1127
00:52:28,400 --> 00:52:32,160
Speaker 13: Article said, reform for the Pay Equity.

1128
00:52:31,840 --> 00:52:32,920
Speaker 1: Act is good.

1129
00:52:34,320 --> 00:52:40,719
Speaker 9: To stop, just wait till the the the the excitement

1130
00:52:40,800 --> 00:52:47,680
Speaker 9: settles down. Just wait, I said, just wait, he.

1131
00:52:47,840 --> 00:52:50,319
Speaker 13: Said, Christine Bartlett was too many a hero.

1132
00:52:51,040 --> 00:52:53,239
Speaker 2: She was a very likely to the point, you don't

1133
00:52:53,239 --> 00:52:54,840
Speaker 2: need to finish, because, of course you will have been

1134
00:52:54,880 --> 00:52:56,839
Speaker 2: listening to the program yesterday and you will have heard

1135
00:52:56,920 --> 00:52:59,839
Speaker 2: my editorial using exactly that if I could just offer

1136
00:53:00,200 --> 00:53:03,200
Speaker 2: Union Brook some advice. Unfortunately, the reason that we're not

1137
00:53:03,280 --> 00:53:04,960
Speaker 2: staying the hook. Yeah, she is still going.

1138
00:53:05,040 --> 00:53:05,160
Speaker 9: Oh.

1139
00:53:05,239 --> 00:53:08,000
Speaker 2: She quoted virtually Mike Smithett and tire Mike Smithett. The

1140
00:53:08,160 --> 00:53:11,640
Speaker 2: difficulty is the delivery lacked a little bit of something

1141
00:53:11,680 --> 00:53:13,760
Speaker 2: at the end of the day, and that it didn't

1142
00:53:13,760 --> 00:53:14,360
Speaker 2: come across us.

1143
00:53:14,440 --> 00:53:15,080
Speaker 1: Listen to this guy.

1144
00:53:15,440 --> 00:53:17,160
Speaker 2: These are my words. Aren't sound as good as they

1145
00:53:17,360 --> 00:53:19,799
Speaker 2: did when I said them. She's still going, She's still

1146
00:53:19,800 --> 00:53:21,239
Speaker 2: got Oh. No, she ran the whole of Mike's My

1147
00:53:21,520 --> 00:53:23,120
Speaker 2: half hour. No, No, she had no No, it was

1148
00:53:23,160 --> 00:53:25,560
Speaker 2: nothing wrong with it. But she made a very salient point.

1149
00:53:25,600 --> 00:53:27,239
Speaker 2: And what was interesting yesterday, and this is this is

1150
00:53:27,280 --> 00:53:30,840
Speaker 2: why I allude to this. The pay equity issue is

1151
00:53:30,960 --> 00:53:33,120
Speaker 2: never going to be sold because it never can be solved.

1152
00:53:33,120 --> 00:53:35,000
Speaker 2: As I tried to point out on the program yesterday,

1153
00:53:35,400 --> 00:53:38,560
Speaker 2: but what's so disingenuous about the Labor Party and the

1154
00:53:38,600 --> 00:53:42,120
Speaker 2: opposition in general, and you saw that in their reaction

1155
00:53:42,239 --> 00:53:44,799
Speaker 2: to the use of my name, is that they will

1156
00:53:44,920 --> 00:53:49,400
Speaker 2: not and they absolutely refuse to delineate or differentiate between

1157
00:53:49,600 --> 00:53:53,239
Speaker 2: a job and what you pay for that job, and

1158
00:53:53,280 --> 00:53:56,120
Speaker 2: whether it's fulfilled by a man or woman versus a

1159
00:53:56,280 --> 00:54:00,640
Speaker 2: company or an industry that is predominantly men or women,

1160
00:54:00,760 --> 00:54:04,959
Speaker 2: and they are two completely separate things. And Barbara Edmonds

1161
00:54:05,320 --> 00:54:08,160
Speaker 2: asked a question yesterday in a very emotive sort of way,

1162
00:54:08,239 --> 00:54:11,920
Speaker 2: talking about when will they pay people what they are worth?

1163
00:54:12,040 --> 00:54:12,160
Speaker 6: Now?

1164
00:54:12,239 --> 00:54:15,319
Speaker 2: What is worth? Who decides that? And the person who

1165
00:54:15,400 --> 00:54:17,640
Speaker 2: decides that is the person who writes the check. Now,

1166
00:54:17,920 --> 00:54:19,839
Speaker 2: do we live in a country at the moment where

1167
00:54:19,880 --> 00:54:22,760
Speaker 2: there is a job open and you would pay different

1168
00:54:22,840 --> 00:54:25,399
Speaker 2: money if the person was a woman versus you would

1169
00:54:25,400 --> 00:54:27,880
Speaker 2: pay different money if the job was held by a man.

1170
00:54:27,960 --> 00:54:29,279
Speaker 2: And the answer is no, we don't do that. We

1171
00:54:29,400 --> 00:54:31,080
Speaker 2: moved on, and that is not part of the debat.

1172
00:54:31,120 --> 00:54:34,200
Speaker 2: And yet that's the part they still try and infiltrate

1173
00:54:34,280 --> 00:54:37,480
Speaker 2: the argument with what we're talking about is industries that

1174
00:54:37,560 --> 00:54:41,160
Speaker 2: are predominantly women or predominantly men. The rest time industry

1175
00:54:41,239 --> 00:54:44,440
Speaker 2: being predominantly women. At that point you go, what is

1176
00:54:44,520 --> 00:54:46,520
Speaker 2: it worth? Now? What it's worth, of course, is what

1177
00:54:46,600 --> 00:54:48,920
Speaker 2: somebody is writing the check is prepared to write and

1178
00:54:49,080 --> 00:54:51,839
Speaker 2: pay for. And if you saw the numbers yesterday coming

1179
00:54:51,880 --> 00:54:55,200
Speaker 2: out from the state sector, the average hourly rate in

1180
00:54:55,239 --> 00:54:58,640
Speaker 2: the state sector is vastly higher than it is in

1181
00:54:58,719 --> 00:55:01,600
Speaker 2: the private sector, being paid more in the public sector

1182
00:55:01,680 --> 00:55:04,359
Speaker 2: by a substantial amount. And yet are you getting better

1183
00:55:04,400 --> 00:55:06,880
Speaker 2: service from the public sector. So that's the part they

1184
00:55:06,960 --> 00:55:09,759
Speaker 2: can't argue or can't understand. It doesn't matter how much

1185
00:55:09,800 --> 00:55:12,600
Speaker 2: you pay somebody, it doesn't necessarily improve the service, whereas

1186
00:55:12,640 --> 00:55:14,920
Speaker 2: the private sector does understand that. And at the end

1187
00:55:14,920 --> 00:55:16,640
Speaker 2: of the day, you then get down to what they

1188
00:55:16,760 --> 00:55:20,160
Speaker 2: call comparators. So we can't work out what a rest

1189
00:55:20,239 --> 00:55:22,160
Speaker 2: home work is really worth. So what we'll do is

1190
00:55:22,200 --> 00:55:25,560
Speaker 2: will compare you to a mechanic or a painter, which

1191
00:55:25,640 --> 00:55:28,560
Speaker 2: of course literally makes no sense. And probably the best

1192
00:55:28,640 --> 00:55:31,360
Speaker 2: argument yesterday was put forward by Winston Peters who argues

1193
00:55:31,400 --> 00:55:34,520
Speaker 2: the original law, which was enacted in twenty seventeen, actually worked,

1194
00:55:34,960 --> 00:55:37,840
Speaker 2: whereas the current law, which is just like apples and

1195
00:55:37,880 --> 00:55:40,680
Speaker 2: pears and apples and cum quats, doesn't work, and all

1196
00:55:40,719 --> 00:55:43,400
Speaker 2: they're doing is going back to something that he argues

1197
00:55:43,560 --> 00:55:45,680
Speaker 2: did work in the first place, turn away from it.

1198
00:55:46,440 --> 00:55:50,440
Speaker 1: The Mike asking breakfast with the range rover Villa news, Tom's.

1199
00:55:50,239 --> 00:55:52,319
Speaker 2: Dead, b Whiodo's having away from mates at a time

1200
00:55:52,360 --> 00:55:54,320
Speaker 2: when the New Zealand film industry is standing by for

1201
00:55:54,400 --> 00:55:57,360
Speaker 2: what an earthy Trump terrified here actually means. The film commissioners,

1202
00:55:57,400 --> 00:55:59,160
Speaker 2: it turns out, who's out in the world on a

1203
00:55:59,239 --> 00:56:01,360
Speaker 2: trade mission there in India, the UK and France to

1204
00:56:01,440 --> 00:56:05,040
Speaker 2: look for new investment partnerships and international productions. Annie Murray

1205
00:56:05,080 --> 00:56:06,960
Speaker 2: is the film commissioned boss and is with us from

1206
00:56:07,040 --> 00:56:10,920
Speaker 2: I think it's Britain. Any morning, Good morning, Mike, Yes,

1207
00:56:11,000 --> 00:56:13,759
Speaker 2: I'm in London. Do you feel at sea in a

1208
00:56:13,840 --> 00:56:16,240
Speaker 2: world where you know not what happens tomorrow?

1209
00:56:18,320 --> 00:56:18,480
Speaker 9: Oh?

1210
00:56:18,680 --> 00:56:23,000
Speaker 20: Look, we are not speculating on the Trump a teriff's issue.

1211
00:56:23,880 --> 00:56:26,719
Speaker 20: The latest we've heard is that the President Trump has

1212
00:56:26,719 --> 00:56:29,439
Speaker 20: said he doesn't want to damage the industry. He wants

1213
00:56:29,480 --> 00:56:32,040
Speaker 20: to sit down with the major studios and talk about it.

1214
00:56:32,120 --> 00:56:33,400
Speaker 4: And we think that's a good start.

1215
00:56:34,080 --> 00:56:37,040
Speaker 2: So is it everything that's talked about? Though, when you

1216
00:56:37,200 --> 00:56:39,000
Speaker 2: enter a room with anybody to do with film, that

1217
00:56:39,280 --> 00:56:40,919
Speaker 2: did they say things like, oh what about Trump?

1218
00:56:42,640 --> 00:56:45,919
Speaker 20: It's coming up. Definitely, there is some concern out there,

1219
00:56:46,000 --> 00:56:49,320
Speaker 20: but everybody's in the same boat. We're all waiting for

1220
00:56:49,480 --> 00:56:52,440
Speaker 20: detail on this thing, so we're not speculating. We're getting

1221
00:56:52,440 --> 00:56:53,080
Speaker 20: on with business.

1222
00:56:53,480 --> 00:56:55,839
Speaker 2: How much businesses they're out there at the moment. Forget

1223
00:56:55,880 --> 00:56:58,400
Speaker 2: the tariffs that they never existed. Are there people with

1224
00:56:58,640 --> 00:57:00,800
Speaker 2: money out there in the world at the moment that

1225
00:57:01,040 --> 00:57:03,200
Speaker 2: like what we do and want to do business with us?

1226
00:57:04,400 --> 00:57:08,239
Speaker 20: There definitely is. Co production is on the rise. That's

1227
00:57:08,280 --> 00:57:11,359
Speaker 20: a really important part of our industry. We've just come

1228
00:57:11,520 --> 00:57:15,160
Speaker 20: from India where there are over three thousand films made

1229
00:57:15,200 --> 00:57:18,800
Speaker 20: every year, all finance with private equity, so that's a

1230
00:57:18,960 --> 00:57:23,880
Speaker 20: thriving part of the industry. We've just had some excellent

1231
00:57:24,600 --> 00:57:29,880
Speaker 20: meetings yesterday with the British Film Institute where connecting these

1232
00:57:29,920 --> 00:57:34,280
Speaker 20: Zealand producers with the UK producers to develop more co production.

1233
00:57:34,560 --> 00:57:37,640
Speaker 20: So there's certainly a lot of business happening. We're looking

1234
00:57:37,680 --> 00:57:41,320
Speaker 20: ahead to can next week we will be doing a

1235
00:57:41,400 --> 00:57:45,360
Speaker 20: lot more meetings and looking to grow this three point

1236
00:57:45,440 --> 00:57:47,400
Speaker 20: three billion dollar industry for New Zealand.

1237
00:57:47,680 --> 00:57:51,280
Speaker 2: What's the cultural divide? So is an Indian movie. For example,

1238
00:57:51,400 --> 00:57:55,040
Speaker 2: we would be the location versus say a UK movie

1239
00:57:55,120 --> 00:57:57,280
Speaker 2: where we might put some stars in it and it's

1240
00:57:57,320 --> 00:57:59,880
Speaker 2: a co lab that onscreen looks like in New Zealand UK.

1241
00:58:00,200 --> 00:58:00,919
Speaker 2: You see what I'm saying.

1242
00:58:02,200 --> 00:58:05,480
Speaker 20: That goes both ways, Mike. We've got eighteen co production

1243
00:58:05,720 --> 00:58:10,360
Speaker 20: treaties with jurisdictions around the world. We might shoot in

1244
00:58:10,480 --> 00:58:13,160
Speaker 20: one market and post produce in another. There might be

1245
00:58:13,320 --> 00:58:17,680
Speaker 20: music being composed in its third territory. It's a really

1246
00:58:17,800 --> 00:58:22,880
Speaker 20: globally integrated business and our co production treaties and our

1247
00:58:23,040 --> 00:58:27,400
Speaker 20: MoU with Australia are super flexible, so we can make

1248
00:58:27,560 --> 00:58:28,480
Speaker 20: the deal work for.

1249
00:58:28,560 --> 00:58:30,760
Speaker 2: The creative fantastic. I wish you were with the rest

1250
00:58:30,760 --> 00:58:32,920
Speaker 2: of the journey. Annie Murray, who is the New Zealand

1251
00:58:32,920 --> 00:58:36,640
Speaker 2: Film Commission's CEO, read a very interesting piece yesterday about

1252
00:58:36,680 --> 00:58:39,480
Speaker 2: Trump and the movies, and of course the difference between

1253
00:58:39,520 --> 00:58:41,560
Speaker 2: the movies and everything else is that the movies are

1254
00:58:41,600 --> 00:58:43,880
Speaker 2: part of the service's economy. The services economy makes up

1255
00:58:43,920 --> 00:58:47,640
Speaker 2: seventy percent of the US economy. It's Google, Netflix, Facebook, Hollywood, films, insurance,

1256
00:58:47,640 --> 00:58:49,720
Speaker 2: all that sort of stuff. Whereas his trade war up

1257
00:58:49,760 --> 00:58:54,320
Speaker 2: until this particular point has been allegedly about boxes, dolls, pencils,

1258
00:58:54,440 --> 00:58:58,760
Speaker 2: things like that. So what it alarms them? First of all,

1259
00:58:58,760 --> 00:59:00,800
Speaker 2: this is driven out by the Hollywood unions. By the way,

1260
00:59:00,880 --> 00:59:03,560
Speaker 2: this is entirely driven by the union movement in Hollywood

1261
00:59:03,560 --> 00:59:06,520
Speaker 2: who have been Trump is right. It has never come back,

1262
00:59:06,920 --> 00:59:08,840
Speaker 2: and it's never come back because they had a strike,

1263
00:59:09,080 --> 00:59:10,800
Speaker 2: and they had a strike on AI and they wanted

1264
00:59:10,840 --> 00:59:12,800
Speaker 2: more money, and eventually they got more money. But they

1265
00:59:12,960 --> 00:59:14,520
Speaker 2: got so much more money that they had to lay

1266
00:59:14,520 --> 00:59:15,840
Speaker 2: a whole lot of people off, and no one wanted

1267
00:59:15,840 --> 00:59:19,400
Speaker 2: to make money in Hollywood anymore. But the services industry

1268
00:59:19,560 --> 00:59:22,640
Speaker 2: is not what Trump argues. See previously, Trump argues, when

1269
00:59:22,680 --> 00:59:24,760
Speaker 2: I send my box to you in China, you charge

1270
00:59:24,800 --> 00:59:26,360
Speaker 2: me for it, So I'm going to charge you the same.

1271
00:59:26,640 --> 00:59:28,360
Speaker 2: And while I'm mad, and I'm going to charge everybody

1272
00:59:28,440 --> 00:59:31,640
Speaker 2: ten percent on everything because that's what I do. Services

1273
00:59:31,640 --> 00:59:36,160
Speaker 2: are different, and that's where it's most obviously a bargaining

1274
00:59:36,280 --> 00:59:39,760
Speaker 2: chip because it isn't going to work, and he knows it,

1275
00:59:40,040 --> 00:59:42,920
Speaker 2: and everybody else has worked out that we know that

1276
00:59:43,040 --> 00:59:45,280
Speaker 2: he knows, and he knows that we know, and so

1277
00:59:45,560 --> 00:59:49,280
Speaker 2: it will eventually flush through or fingers crossed.

1278
00:59:49,520 --> 00:59:54,040
Speaker 1: Greg Forred next setting the agenda and talking the big issues,

1279
00:59:54,440 --> 00:59:58,800
Speaker 1: the mic Corking, Breakfast with a Vita, retirement, communities, Life

1280
00:59:59,000 --> 01:00:03,560
Speaker 1: Your Ways, seven Path.

1281
01:00:03,480 --> 01:00:06,520
Speaker 2: Day, the National airligned this week like it is most week,

1282
01:00:06,560 --> 01:00:08,680
Speaker 2: as in the years. Nichola Willis, who met with him

1283
01:00:08,680 --> 01:00:11,160
Speaker 2: I think yesterday or was supposed to meet with him yesterday,

1284
01:00:11,280 --> 01:00:14,400
Speaker 2: isn't against the market study Apparently. James Meagher, a new

1285
01:00:14,480 --> 01:00:17,200
Speaker 2: minister for the South Island, waxed lyrical last week about

1286
01:00:17,200 --> 01:00:19,360
Speaker 2: the government helping them out on regional routes in terms

1287
01:00:19,400 --> 01:00:21,840
Speaker 2: of pricing. Are there issues around planes and engines and

1288
01:00:21,880 --> 01:00:24,160
Speaker 2: our FOS law of course, and amidst all of this,

1289
01:00:24,360 --> 01:00:27,720
Speaker 2: the CEO Greg Foran announced he is leaving and I

1290
01:00:27,760 --> 01:00:29,640
Speaker 2: think pretty much he's talking to us for the first time.

1291
01:00:29,720 --> 01:00:31,600
Speaker 7: Nice to see you, Yeah, good to see you, Marke.

1292
01:00:31,800 --> 01:00:34,120
Speaker 2: Is it one of those weird things where you know

1293
01:00:34,320 --> 01:00:36,680
Speaker 2: when you're leaving or did you arrive knowing when you

1294
01:00:36,720 --> 01:00:39,560
Speaker 2: would leave? Because CEOs last five years, seven years, whatever

1295
01:00:39,640 --> 01:00:39,840
Speaker 2: it is.

1296
01:00:40,320 --> 01:00:42,320
Speaker 7: Yeah, Look, I had in the back of my mind

1297
01:00:42,360 --> 01:00:44,960
Speaker 7: I'd probably do about five to six years with their

1298
01:00:45,040 --> 01:00:47,840
Speaker 7: New Zealand there's other things that I'm keen to do,

1299
01:00:48,120 --> 01:00:51,120
Speaker 7: and you know, when I took the job, I said

1300
01:00:51,200 --> 01:00:54,960
Speaker 7: to the board, to Terrese by the way of credible chair,

1301
01:00:55,040 --> 01:00:57,240
Speaker 7: one of the best I've worked with. I said to her,

1302
01:00:57,640 --> 01:00:59,800
Speaker 7: probably get me for about five to six years. And

1303
01:01:00,080 --> 01:01:04,720
Speaker 7: as we've gone through that period, you know, I've kept

1304
01:01:04,800 --> 01:01:09,040
Speaker 7: her abreast of my thinking and then you know, come March,

1305
01:01:09,200 --> 01:01:11,520
Speaker 7: I said, right now, it's about the time I want

1306
01:01:11,560 --> 01:01:15,920
Speaker 7: to give you a lengthy running period that suited her,

1307
01:01:16,160 --> 01:01:19,280
Speaker 7: suited the company. So I'm here to the end of October.

1308
01:01:19,680 --> 01:01:21,960
Speaker 2: Would you recommend the job to people? Yes?

1309
01:01:22,040 --> 01:01:26,200
Speaker 7: I would. It has been one of the peak learning

1310
01:01:26,320 --> 01:01:31,120
Speaker 7: experiences I have had. My not easy and you know

1311
01:01:32,120 --> 01:01:34,040
Speaker 7: I've had my share of niggles that I've had to

1312
01:01:34,160 --> 01:01:38,440
Speaker 7: deal with and continue to. Yeah, but I would say

1313
01:01:38,520 --> 01:01:43,160
Speaker 7: to you I am a far better leader today than

1314
01:01:43,200 --> 01:01:46,400
Speaker 7: what I was before I took the job. And you

1315
01:01:46,480 --> 01:01:48,760
Speaker 7: know I had a reasonable job before I came into

1316
01:01:48,880 --> 01:01:54,000
Speaker 7: this one. But honestly, I would be much better running

1317
01:01:54,120 --> 01:01:57,920
Speaker 7: walmart Us today from what I have learned being at

1318
01:01:57,960 --> 01:01:59,640
Speaker 7: Air in New Zealand than what I was when I

1319
01:01:59,720 --> 01:02:02,000
Speaker 7: took that job eleven years ago.

1320
01:02:02,920 --> 01:02:05,080
Speaker 2: You can't have known what you would have to wade

1321
01:02:05,120 --> 01:02:06,480
Speaker 2: through when you came here, can you?

1322
01:02:06,840 --> 01:02:09,480
Speaker 7: I had no idea. I had not heard of COVID

1323
01:02:10,520 --> 01:02:14,200
Speaker 7: when I got the job. It hadn't surfaced at that point.

1324
01:02:14,280 --> 01:02:18,000
Speaker 7: I think we first heard about it about November twenty nineteen.

1325
01:02:19,560 --> 01:02:22,720
Speaker 7: I got the job, I think probably about October. So

1326
01:02:22,760 --> 01:02:26,800
Speaker 7: I had no idea, no idea that you know, we

1327
01:02:26,880 --> 01:02:30,240
Speaker 7: would stop the first flight on the very first day

1328
01:02:30,400 --> 01:02:33,640
Speaker 7: that I started in the company. It was ironic. I

1329
01:02:33,800 --> 01:02:36,480
Speaker 7: was in Rotorua yesterday. I was talking to the team

1330
01:02:36,520 --> 01:02:39,200
Speaker 7: at the airport. Some of the team were there on

1331
01:02:39,400 --> 01:02:43,520
Speaker 7: the Saturday before we shut the country down, and we

1332
01:02:43,960 --> 01:02:49,040
Speaker 7: were reminiscing that. I got a telephone call from Jissinder

1333
01:02:49,880 --> 01:02:52,880
Speaker 7: on that Saturday giving me a heads up that she

1334
01:02:53,120 --> 01:02:56,760
Speaker 7: was probably looking to close the borders. I think we

1335
01:02:56,920 --> 01:03:00,040
Speaker 7: closed them on the Tuesday, but on that Saturday I

1336
01:03:00,160 --> 01:03:03,120
Speaker 7: got a call, And here I was yesterday reminiscing with

1337
01:03:03,200 --> 01:03:05,680
Speaker 7: the team. You know, just over five years ago that

1338
01:03:05,800 --> 01:03:06,400
Speaker 7: was going to happen.

1339
01:03:06,480 --> 01:03:08,960
Speaker 2: Did you feel unlucky in the sense you could have gone,

1340
01:03:09,040 --> 01:03:11,560
Speaker 2: say to fish and Pipal Healthcare and got into masks

1341
01:03:11,640 --> 01:03:15,000
Speaker 2: and respirators and COVID would have been fantastic. Airlines was

1342
01:03:15,080 --> 01:03:16,520
Speaker 2: not the business to be in for COVID.

1343
01:03:17,200 --> 01:03:20,880
Speaker 7: Look I think there are certainly some days when I

1344
01:03:21,000 --> 01:03:22,960
Speaker 7: get up and I'm having a shave before I come

1345
01:03:23,040 --> 01:03:25,840
Speaker 7: to work, and I'm thinking about Rolls Royce and Pratt

1346
01:03:25,920 --> 01:03:29,280
Speaker 7: and Whitney, or capital raises or those sort of things.

1347
01:03:30,480 --> 01:03:31,960
Speaker 7: But you have to put those at the back of

1348
01:03:32,000 --> 01:03:34,240
Speaker 7: your mind and you have to play the hand that

1349
01:03:34,280 --> 01:03:38,400
Speaker 7: you've got dealt. And I tend to be pretty optimistic

1350
01:03:38,480 --> 01:03:43,840
Speaker 7: about things, balanced but optimistic. I play a long game.

1351
01:03:44,960 --> 01:03:46,920
Speaker 7: I know that I have short term issues that I

1352
01:03:47,000 --> 01:03:48,919
Speaker 7: have to deal with. I have to deal with what's

1353
01:03:49,000 --> 01:03:53,120
Speaker 7: the on time performance today in cancelations and refunds and

1354
01:03:53,200 --> 01:03:56,680
Speaker 7: those sort of things. But fundamentally, my job here was

1355
01:03:56,880 --> 01:04:01,240
Speaker 7: to build on the legacy that I had herited, and

1356
01:04:01,720 --> 01:04:03,640
Speaker 7: that's what I've said about doing. You know, we want

1357
01:04:03,680 --> 01:04:06,400
Speaker 7: to grow our domestic business, we want to enhance our

1358
01:04:06,440 --> 01:04:10,200
Speaker 7: international business. We want to take our loyalty operation and

1359
01:04:10,360 --> 01:04:14,840
Speaker 7: drive that. And that plan still exists today despite the

1360
01:04:14,920 --> 01:04:18,000
Speaker 7: niggles that I have to deal with. So I always

1361
01:04:18,120 --> 01:04:21,880
Speaker 7: keept the long term in mind, knowing that I'll have

1362
01:04:22,040 --> 01:04:24,760
Speaker 7: to deal with issues day to day. So that's how

1363
01:04:24,920 --> 01:04:25,520
Speaker 7: it's interesting.

1364
01:04:25,560 --> 01:04:29,000
Speaker 2: My criticism of you, not that it matters, is when

1365
01:04:29,040 --> 01:04:33,200
Speaker 2: you announced your resignation. It came to me anyway, at

1366
01:04:33,240 --> 01:04:35,560
Speaker 2: a time when the airline's still got a lot of issues.

1367
01:04:35,840 --> 01:04:38,680
Speaker 2: You don't go see all that stuff that was problematic.

1368
01:04:38,880 --> 01:04:42,320
Speaker 2: It's now fixed. See you later. Yeah, you leave at

1369
01:04:42,360 --> 01:04:45,440
Speaker 2: a time when there's more to do. Is that difficult

1370
01:04:45,480 --> 01:04:46,720
Speaker 2: to justify personally or not?

1371
01:04:47,520 --> 01:04:47,680
Speaker 18: Well?

1372
01:04:47,720 --> 01:04:50,760
Speaker 7: Of course, I, from my position know a little bit

1373
01:04:50,800 --> 01:04:53,480
Speaker 7: more about what's coming down the pipeline and what's going

1374
01:04:53,560 --> 01:04:56,440
Speaker 7: to be here by the end of October, So I

1375
01:04:56,480 --> 01:04:58,640
Speaker 7: would say to you, I think the timing is actually

1376
01:04:58,720 --> 01:05:02,720
Speaker 7: pretty good. And why do I say that? For sure,

1377
01:05:02,840 --> 01:05:05,800
Speaker 7: there will be some issues that will still be ongoing

1378
01:05:05,920 --> 01:05:09,480
Speaker 7: for the next year and a half, but let's talk

1379
01:05:09,520 --> 01:05:13,200
Speaker 7: about the ones that are underway. We said that we

1380
01:05:13,320 --> 01:05:16,440
Speaker 7: needed to get retrofits done. The first one is going

1381
01:05:16,480 --> 01:05:19,280
Speaker 7: to fly in a week's time. We'll have seven completed

1382
01:05:19,360 --> 01:05:22,360
Speaker 7: by the end of the year. We said we need

1383
01:05:22,440 --> 01:05:27,000
Speaker 7: new aircraft. Those aircraft are now literally going on as

1384
01:05:27,000 --> 01:05:29,439
Speaker 7: the production line. They will be on the production line

1385
01:05:29,520 --> 01:05:34,200
Speaker 7: by October. We have what we call line fit numbers

1386
01:05:34,240 --> 01:05:36,760
Speaker 7: from Boeing. So I can sit here with confidence and

1387
01:05:36,920 --> 01:05:41,480
Speaker 7: say this time next year there's two new Boeing seven

1388
01:05:41,520 --> 01:05:45,160
Speaker 7: eight sevens coming and likely another two by the end

1389
01:05:45,440 --> 01:05:49,320
Speaker 7: of next year. So I've wrestled that one to the ground.

1390
01:05:50,360 --> 01:05:53,600
Speaker 7: We've got a new hangar which is about to open

1391
01:05:53,640 --> 01:05:58,560
Speaker 7: in October. We have replatformed just about every digital system

1392
01:05:58,840 --> 01:06:02,320
Speaker 7: in the business, and there are a host of things

1393
01:06:02,720 --> 01:06:04,720
Speaker 7: that have been done or are being done so that

1394
01:06:04,840 --> 01:06:10,240
Speaker 7: when I hand over at the in October, for sure

1395
01:06:10,320 --> 01:06:12,880
Speaker 7: will still be dealing with some Rolls Royce challenges, but

1396
01:06:13,000 --> 01:06:15,600
Speaker 7: I think that's at the bottom and starting to incrementally

1397
01:06:15,760 --> 01:06:18,440
Speaker 7: prove will be dealing with Pratt and Whitney at the

1398
01:06:18,520 --> 01:06:25,000
Speaker 7: bottom actually is improving now, so I actually am am

1399
01:06:25,160 --> 01:06:28,560
Speaker 7: confident that if you like, my run of the relay

1400
01:06:28,840 --> 01:06:30,280
Speaker 7: is about right good stuff.

1401
01:06:30,440 --> 01:06:32,480
Speaker 2: Let's talk about tourism in a moment. Greg Foruen's with

1402
01:06:32,560 --> 01:06:33,640
Speaker 2: us thirteen past eight.

1403
01:06:34,720 --> 01:06:39,280
Speaker 1: The Mic Hosking Breakfast Full Show podcast on iHeartRadio powered

1404
01:06:39,320 --> 01:06:40,200
Speaker 1: by News Talk.

1405
01:06:40,080 --> 01:06:44,520
Speaker 2: Zippy News Talks A sixteen past eight. Greb furn is

1406
01:06:44,760 --> 01:06:47,080
Speaker 2: our guest. Couple of things, just on tourism. Quickly, you

1407
01:06:47,120 --> 01:06:49,800
Speaker 2: said you're in Rohta UA the big tourism things going on.

1408
01:06:49,920 --> 01:06:52,040
Speaker 2: One of the announcements made by the government yesterday was

1409
01:06:52,120 --> 01:06:54,680
Speaker 2: part of the one of the impediments to getting here

1410
01:06:54,800 --> 01:06:57,040
Speaker 2: visa wise has been sorted out to a degree. I

1411
01:06:57,120 --> 01:06:59,840
Speaker 2: might bought people with the detail, but there seems to

1412
01:07:00,160 --> 01:07:03,120
Speaker 2: be to me anyway certain things. Chinese and India a

1413
01:07:03,200 --> 01:07:05,360
Speaker 2: couple of good markets where we could be doing more

1414
01:07:05,840 --> 01:07:08,160
Speaker 2: than we are to get people here and make life viasy.

1415
01:07:08,520 --> 01:07:09,240
Speaker 2: Is that fair?

1416
01:07:10,280 --> 01:07:12,640
Speaker 7: It's coming back, is the way that I would put it.

1417
01:07:12,800 --> 01:07:15,240
Speaker 7: So you know we were slow out of the blocks.

1418
01:07:16,920 --> 01:07:19,680
Speaker 7: China has been the market, you know, it was our

1419
01:07:19,720 --> 01:07:22,760
Speaker 7: biggest and if I spoke to you a few months ago,

1420
01:07:23,000 --> 01:07:25,520
Speaker 7: we were running it sort of circa fifty two percent

1421
01:07:25,960 --> 01:07:28,760
Speaker 7: of pre COVID. I think that number now, Mike is

1422
01:07:28,840 --> 01:07:32,680
Speaker 7: back to about sixty seven percent. Getting rid of the

1423
01:07:33,200 --> 01:07:36,600
Speaker 7: translation fee takes sort of circle one hundred hundred and

1424
01:07:36,640 --> 01:07:39,080
Speaker 7: ten dollars off the price of visas. These people are

1425
01:07:39,120 --> 01:07:45,000
Speaker 7: price conscious. I think you'll see incremental improvement. In total.

1426
01:07:45,880 --> 01:07:49,200
Speaker 7: We're back to about eighty seven percent of pre COVID.

1427
01:07:49,240 --> 01:07:53,440
Speaker 7: The US is over one hundred and sertly, so it's happening.

1428
01:07:54,920 --> 01:07:57,560
Speaker 7: I thought there was more energy at trends than I

1429
01:07:57,720 --> 01:08:01,840
Speaker 7: have seen previously. I think there's a spring in everyone's step,

1430
01:08:02,320 --> 01:08:05,520
Speaker 7: and I think by this time next year, with a

1431
01:08:05,520 --> 01:08:07,880
Speaker 7: bit of luck, will be back over one hundred percent.

1432
01:08:07,800 --> 01:08:08,840
Speaker 2: And about time too.

1433
01:08:09,120 --> 01:08:12,640
Speaker 7: Yeah, I agree with you. It's what is it, thirteen

1434
01:08:12,760 --> 01:08:17,160
Speaker 7: fourteen billion worth of income internationally. We need it, the

1435
01:08:17,240 --> 01:08:21,240
Speaker 7: country needs it. I absolutely get that it needs to

1436
01:08:21,280 --> 01:08:23,840
Speaker 7: be balanced. You know, Queenstown I think is running at

1437
01:08:23,920 --> 01:08:28,320
Speaker 7: the moment about one hundred and fifteen percent of pre COVID.

1438
01:08:28,360 --> 01:08:31,000
Speaker 7: So if you're talking to someone in Queenstown, they're probably

1439
01:08:31,040 --> 01:08:36,120
Speaker 7: saying it's already too busy. I get it, So let's

1440
01:08:36,160 --> 01:08:40,320
Speaker 7: be careful. Averages can be misleading, but in totality we

1441
01:08:40,479 --> 01:08:41,120
Speaker 7: need tourism.

1442
01:08:41,960 --> 01:08:45,680
Speaker 2: The market study that Nikola Willis talks of that just

1443
01:08:45,800 --> 01:08:48,479
Speaker 2: the overarching in New Zealand or a bunch of bastards

1444
01:08:48,520 --> 01:08:49,160
Speaker 2: and rip us off.

1445
01:08:49,320 --> 01:08:53,960
Speaker 7: You say what I say. Fundamentally, what we've been saying

1446
01:08:54,040 --> 01:08:56,720
Speaker 7: in the Commerce Commission have come out and said is

1447
01:08:56,920 --> 01:09:01,559
Speaker 7: this is not a competition issue. It's structural. Now we've

1448
01:09:01,600 --> 01:09:04,599
Speaker 7: had cost increases, just like everyone in New Zealand has

1449
01:09:04,680 --> 01:09:07,320
Speaker 7: cost increases, and trust me, I have empathy for that.

1450
01:09:07,920 --> 01:09:09,840
Speaker 7: My wife asked me to get some stuff from the

1451
01:09:09,920 --> 01:09:13,880
Speaker 7: supermarket last Saturday afternoon when I was finishing work. I

1452
01:09:14,000 --> 01:09:16,919
Speaker 7: remember prices from six years ago in Walmart.

1453
01:09:17,439 --> 01:09:17,639
Speaker 1: Boy.

1454
01:09:17,920 --> 01:09:21,000
Speaker 7: It's expensive and I'm not having a shot at anyone.

1455
01:09:21,080 --> 01:09:23,439
Speaker 7: It's just costs have gone up. Have for us to

1456
01:09:24,120 --> 01:09:26,320
Speaker 7: what do we try and do with costs. We mitigate

1457
01:09:26,400 --> 01:09:29,360
Speaker 7: them where we possibly can, and that's things like improving

1458
01:09:29,400 --> 01:09:32,760
Speaker 7: productivity and coming up with new methods and systems. We

1459
01:09:32,920 --> 01:09:35,320
Speaker 7: absorb some of them, and you see that in our guidance,

1460
01:09:35,479 --> 01:09:39,000
Speaker 7: which is actually has had to come down and where

1461
01:09:39,040 --> 01:09:40,200
Speaker 7: we can't, we have to.

1462
01:09:40,200 --> 01:09:40,720
Speaker 2: Pass them on.

1463
01:09:42,320 --> 01:09:45,760
Speaker 7: What do I mean by structural versus competition? You could

1464
01:09:45,800 --> 01:09:48,080
Speaker 7: put another airline into New Zealand and by the way,

1465
01:09:48,120 --> 01:09:51,120
Speaker 7: they could come anytime they want. It's open skies. The

1466
01:09:51,240 --> 01:09:54,200
Speaker 7: prices will come down, but no one will make any money.

1467
01:09:54,479 --> 01:09:57,639
Speaker 7: And in one to two years an airline will leave.

1468
01:09:58,360 --> 01:10:01,519
Speaker 7: Probably won't be in New Zealand because it's fifty one

1469
01:10:01,560 --> 01:10:04,040
Speaker 7: percent owned by the government, but the new airline will

1470
01:10:04,120 --> 01:10:05,080
Speaker 7: probably leave.

1471
01:10:05,479 --> 01:10:07,400
Speaker 2: History tells us this, History tells us this.

1472
01:10:08,240 --> 01:10:11,200
Speaker 7: Why is that the case? Because we're about one and

1473
01:10:11,240 --> 01:10:15,840
Speaker 7: a half times the size of Arkansas. We're small and

1474
01:10:16,000 --> 01:10:18,640
Speaker 7: it is what it is. We get the benefit of

1475
01:10:18,720 --> 01:10:21,439
Speaker 7: living in a country with not so many people, but

1476
01:10:21,640 --> 01:10:25,320
Speaker 7: that means you don't get the benefit of scale. Australia

1477
01:10:25,479 --> 01:10:29,920
Speaker 7: twenty seven million people, has but two airlines. Every time

1478
01:10:30,000 --> 01:10:32,879
Speaker 7: they try and open a third, the third one fails.

1479
01:10:33,040 --> 01:10:38,240
Speaker 7: New Zealand probably can only exist with one. Our job

1480
01:10:38,680 --> 01:10:41,559
Speaker 7: is to be fair, fair to customers, fair to our staff,

1481
01:10:41,720 --> 01:10:45,240
Speaker 7: fair to communities, and fair to the shareholders. And I

1482
01:10:45,439 --> 01:10:51,000
Speaker 7: think generally we thread that needle reasonably well. We're not

1483
01:10:51,720 --> 01:10:55,040
Speaker 7: boosting up shareholder returns here at the expense of charging

1484
01:10:55,120 --> 01:10:55,839
Speaker 7: high prices.

1485
01:10:56,240 --> 01:10:58,559
Speaker 2: Only got a minute left of all the stuff you've

1486
01:10:58,600 --> 01:11:01,760
Speaker 2: done for interesting that you not retiring, So there's there's

1487
01:11:01,960 --> 01:11:03,720
Speaker 2: something to do, something to do. You don't know what

1488
01:11:03,880 --> 01:11:04,160
Speaker 2: that is.

1489
01:11:04,439 --> 01:11:08,560
Speaker 7: Don't know what that is, but open to all options

1490
01:11:08,680 --> 01:11:11,439
Speaker 7: and within reason location as well.

1491
01:11:11,479 --> 01:11:13,000
Speaker 2: Do you want to leave your number here and someone

1492
01:11:13,080 --> 01:11:17,120
Speaker 2: rings in? What have you learned how to be in

1493
01:11:17,200 --> 01:11:20,920
Speaker 2: New Zealand that's good, bad, valuable or not compared with

1494
01:11:21,000 --> 01:11:22,240
Speaker 2: all the other stuff you've done.

1495
01:11:25,000 --> 01:11:28,960
Speaker 7: I would say to you the thing that has struck

1496
01:11:29,080 --> 01:11:32,800
Speaker 7: me the most, which I knew but has been enhanced,

1497
01:11:33,000 --> 01:11:38,679
Speaker 7: is how important culture in businesses. And so I spend

1498
01:11:39,640 --> 01:11:41,920
Speaker 7: a lot of time, and I will continue to spend time,

1499
01:11:41,960 --> 01:11:43,800
Speaker 7: and I will do it in whatever I do next,

1500
01:11:44,439 --> 01:11:47,640
Speaker 7: ensuring that the culture and the business is what you

1501
01:11:47,800 --> 01:11:52,479
Speaker 7: want in order to achieve your plan and execute your results.

1502
01:11:53,200 --> 01:11:55,840
Speaker 7: So I spend a lot of time with our people,

1503
01:11:56,479 --> 01:12:01,440
Speaker 7: listening to them, listening to customers, ensuring that we represent

1504
01:12:02,120 --> 01:12:04,560
Speaker 7: what we should do in terms of our purpose and

1505
01:12:04,640 --> 01:12:05,160
Speaker 7: our values.

1506
01:12:05,920 --> 01:12:07,839
Speaker 2: Is New Zealand a good place to do business?

1507
01:12:08,880 --> 01:12:09,160
Speaker 9: It is.

1508
01:12:11,439 --> 01:12:15,200
Speaker 7: It can be difficult because of scale. We like at

1509
01:12:15,320 --> 01:12:20,280
Speaker 7: times to try and do probably too many things instead

1510
01:12:20,320 --> 01:12:22,560
Speaker 7: of saying, here are the three or four things that

1511
01:12:22,640 --> 01:12:26,280
Speaker 7: we're going to do incredibly well. But we have the

1512
01:12:26,400 --> 01:12:30,880
Speaker 7: ability to move at speed and size can be an

1513
01:12:30,920 --> 01:12:33,800
Speaker 7: impediment and it can be an advantage. And one of

1514
01:12:33,880 --> 01:12:36,240
Speaker 7: the things I try and do with their New Zealand

1515
01:12:36,360 --> 01:12:39,559
Speaker 7: when I'm overseas and I'm meeting with the big companies

1516
01:12:39,600 --> 01:12:41,960
Speaker 7: over there, and I'm not just talking Boeing or air Bus,

1517
01:12:42,120 --> 01:12:45,040
Speaker 7: but you know, I was with open Ai four weeks ago,

1518
01:12:46,479 --> 01:12:50,200
Speaker 7: Google Deep Mind. We're working on things with them. Our

1519
01:12:50,520 --> 01:12:55,200
Speaker 7: cell position to them, Mike is we're small, we can

1520
01:12:55,280 --> 01:12:59,840
Speaker 7: operate at speed. Give us an opportunity, you can develop

1521
01:13:00,080 --> 01:13:01,720
Speaker 7: something with us, and then you can go and sell

1522
01:13:01,760 --> 01:13:03,840
Speaker 7: it to the big guys and it works.

1523
01:13:04,040 --> 01:13:06,840
Speaker 2: Good stuff. We'll get you before you finally finally leave,

1524
01:13:06,880 --> 01:13:08,280
Speaker 2: but appreciate your time for NOWLS.

1525
01:13:08,040 --> 01:13:09,479
Speaker 7: Always thank you, make good to see you.

1526
01:13:09,600 --> 01:13:11,000
Speaker 2: Greg Forum A twenty two.

1527
01:13:11,680 --> 01:13:15,360
Speaker 1: The Mike Hosking Breakfast with Bailey's Real Estate News Talks.

1528
01:13:15,400 --> 01:13:18,040
Speaker 2: There'd be now. There are many things we need to

1529
01:13:18,240 --> 01:13:19,920
Speaker 2: do to look after our health so we can live

1530
01:13:19,960 --> 01:13:21,960
Speaker 2: our lives to the fullest. And the system that underpins

1531
01:13:22,080 --> 01:13:25,280
Speaker 2: nearly everything is our digestive system. So from the basic

1532
01:13:25,360 --> 01:13:29,200
Speaker 2: nutrients in waste out mechanics to the more complex synthesis

1533
01:13:29,280 --> 01:13:32,559
Speaker 2: of the neurotransmitters, you know things like Sarah toned and good.

1534
01:13:33,080 --> 01:13:35,719
Speaker 2: I mean basically good gut health should be a priority

1535
01:13:35,760 --> 01:13:39,720
Speaker 2: if you want good general health, so gut discomfort all

1536
01:13:39,760 --> 01:13:43,320
Speaker 2: too common, doesn't need to be any longer. Lester's Probiotic

1537
01:13:43,479 --> 01:13:46,439
Speaker 2: Plus there's the name to remember. Lester's Probatic Plus, formulated

1538
01:13:46,479 --> 01:13:50,839
Speaker 2: with two scientifically researched probatic strange strains, four herbal extracts.

1539
01:13:51,360 --> 01:13:54,879
Speaker 2: Lister's Probatic Plus helps maintain a healthy gut microbiome, critical

1540
01:13:55,200 --> 01:13:58,920
Speaker 2: supports digestive comfort, immune health, sustained energy helps you stay

1541
01:13:58,960 --> 01:14:00,720
Speaker 2: active and well every day. So if you're ready to

1542
01:14:00,720 --> 01:14:02,760
Speaker 2: get your gut health back on track, eight hundred triple

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Speaker 2: nine three h nine About Health dot co dot m set.

1544
01:14:05,320 --> 01:14:07,760
Speaker 2: Read the label take only as directed. Here's the deal

1545
01:14:08,400 --> 01:14:11,360
Speaker 2: fifteen percent off site wide free gift when you use

1546
01:14:11,439 --> 01:14:14,639
Speaker 2: the code breakfast. Free gift when you use the code breakfast.

1547
01:14:14,680 --> 01:14:18,559
Speaker 2: Some exclusions apply, but the lester's probiotic plus only from

1548
01:14:18,600 --> 01:14:22,160
Speaker 2: about Health on eight hundred triple nine three to oh

1549
01:14:22,320 --> 01:14:26,000
Speaker 2: nine pasking thineteen three four and feedback. In just a

1550
01:14:26,040 --> 01:14:29,400
Speaker 2: couple of moments, it looks overall largely positive. Poll out

1551
01:14:29,439 --> 01:14:31,880
Speaker 2: this morning, we'll go to Britain another This is the

1552
01:14:31,960 --> 01:14:36,080
Speaker 2: post election poll in Britain. Faraj in reform have gone

1553
01:14:36,160 --> 01:14:39,360
Speaker 2: up even more. They've gone up three more points. They're

1554
01:14:39,400 --> 01:14:43,080
Speaker 2: seven points now ahead of the government. Translated into a

1555
01:14:43,200 --> 01:14:48,080
Speaker 2: general election, they would have a forty seat majority. Rod

1556
01:14:48,160 --> 01:14:50,879
Speaker 2: with the details after the News, which is next.

1557
01:14:52,520 --> 01:14:55,479
Speaker 1: The Breakfast Show, Kiwis Trust to stay in the Know,

1558
01:14:56,000 --> 01:14:59,120
Speaker 1: the Mic Hosking Breakfast with the range Rover, the LA

1559
01:14:59,560 --> 01:15:01,800
Speaker 1: design to intrigue and use togs.

1560
01:15:01,800 --> 01:15:03,920
Speaker 2: There'd be by Mike foreign Foreign reaction. What do you

1561
01:15:03,920 --> 01:15:05,479
Speaker 2: reckon it's going to be? Do you reckon it's negative

1562
01:15:05,520 --> 01:15:08,200
Speaker 2: or positive? Mike? A good interview with Greg four and

1563
01:15:08,240 --> 01:15:10,479
Speaker 2: he's had a tough time, often unfairly maligned in his

1564
01:15:10,640 --> 01:15:12,400
Speaker 2: role at here in New Zealand, having got the hospital

1565
01:15:12,479 --> 01:15:14,400
Speaker 2: pass of starting on COVID day.

1566
01:15:14,760 --> 01:15:15,400
Speaker 1: That is true.

1567
01:15:15,720 --> 01:15:18,240
Speaker 2: There's probably a book in the decisions around when to

1568
01:15:18,280 --> 01:15:20,639
Speaker 2: retire the Triple seven two hundreds. This is for ab gigs.

1569
01:15:21,200 --> 01:15:24,799
Speaker 2: When to retire the Triple seven two hundreds, the Boeing situation,

1570
01:15:25,000 --> 01:15:27,280
Speaker 2: the engine situations, A lot of those things you think,

1571
01:15:27,439 --> 01:15:30,439
Speaker 2: really can it rain any more than it currently is? Mike,

1572
01:15:30,479 --> 01:15:32,680
Speaker 2: what a pity only gave Greg fifteen minutes. Well that's

1573
01:15:32,720 --> 01:15:34,840
Speaker 2: the old thing and broadcast and leave them with wanting more.

1574
01:15:35,360 --> 01:15:37,400
Speaker 2: Most positive thing I heard on radio for a long time.

1575
01:15:37,479 --> 01:15:40,880
Speaker 2: Mike should talk to more of these people. Mike, I

1576
01:15:40,920 --> 01:15:43,879
Speaker 2: always think of JK. John Key. I'm assuming, thoughtful, intelligent,

1577
01:15:44,000 --> 01:15:47,120
Speaker 2: knowledgeable and progressive. Maybe a politician. Don't think he's interested.

1578
01:15:47,640 --> 01:15:49,760
Speaker 2: Greg Furan is such an asset to New Zealand. I

1579
01:15:49,840 --> 01:15:52,240
Speaker 2: hope he doesn't head off. Sure it'll be interesting to

1580
01:15:52,240 --> 01:15:54,840
Speaker 2: see where he goes. Mikey comments that Greg Foran was

1581
01:15:54,920 --> 01:15:58,280
Speaker 2: leaving before the job was completed were inaccurate. If what Greg,

1582
01:15:58,680 --> 01:16:00,880
Speaker 2: it was a good answer, wasn't it? And I was

1583
01:16:00,920 --> 01:16:02,439
Speaker 2: pleased to hear it, and as long as it all

1584
01:16:02,479 --> 01:16:04,920
Speaker 2: comes to fruition by the time he leaves, then he's

1585
01:16:05,000 --> 01:16:07,800
Speaker 2: right and good on. Mike. Please ask Greg if he's

1586
01:16:07,840 --> 01:16:10,400
Speaker 2: interested in the warehouse. Top job from a hopeul employee.

1587
01:16:10,479 --> 01:16:14,679
Speaker 2: My suspicion is he's not fabulous work in most difficult

1588
01:16:14,720 --> 01:16:17,800
Speaker 2: times a problem solver, Mike. Here in New Zealand ridiculous

1589
01:16:17,840 --> 01:16:20,960
Speaker 2: with their prices. No one in business is Queenstown busy.

1590
01:16:21,040 --> 01:16:23,000
Speaker 2: I'll come back to that. If you're not seeing good

1591
01:16:23,080 --> 01:16:25,840
Speaker 2: times in Queenstown, given the number of people of the there,

1592
01:16:25,920 --> 01:16:27,080
Speaker 2: there's something wrong with your business.

1593
01:16:27,160 --> 01:16:27,360
Speaker 14: Mike.

1594
01:16:27,600 --> 01:16:29,880
Speaker 2: I'm hoping that whoever replaces for And will be a

1595
01:16:29,920 --> 01:16:32,400
Speaker 2: lot more effective in doing something about the current epidemic

1596
01:16:32,479 --> 01:16:36,000
Speaker 2: of delayed flights. Good riddance to the New Zealand CEO.

1597
01:16:36,120 --> 01:16:39,439
Speaker 2: He's hopeless, Greg for an easy job running a monopoly

1598
01:16:39,520 --> 01:16:41,879
Speaker 2: airline makes it out to be a big job. Well, obviously,

1599
01:16:41,960 --> 01:16:44,880
Speaker 2: as you presumably heard, it's not a monopoly. It's never

1600
01:16:44,960 --> 01:16:49,280
Speaker 2: been a monopoly. And what's that eighty twenty? I think

1601
01:16:49,280 --> 01:16:51,679
Speaker 2: it's eighty twenty in the positive. Twenty two minutes away from.

1602
01:16:51,640 --> 01:16:55,960
Speaker 15: Nine International correspondence with ends and eye insurance, peace of

1603
01:16:56,040 --> 01:16:57,320
Speaker 15: mind for New Zealand business.

1604
01:16:57,800 --> 01:17:00,720
Speaker 2: But can we go rod little money mate busy In

1605
01:17:00,760 --> 01:17:03,519
Speaker 2: the early hours of our morning watch, Kostama paidle as

1606
01:17:03,560 --> 01:17:06,559
Speaker 2: fast as he possibly could. When you've got the local

1607
01:17:06,560 --> 01:17:09,000
Speaker 2: body elections and what happened to you? Can you directly

1608
01:17:09,160 --> 01:17:12,640
Speaker 2: join the dots to the winter fuel payment? And is

1609
01:17:12,760 --> 01:17:15,200
Speaker 2: his defense of it futile?

1610
01:17:16,720 --> 01:17:19,000
Speaker 21: His defense of it is certainly futile. And if there

1611
01:17:19,080 --> 01:17:21,280
Speaker 21: was any other Labor leader around, they would alter it

1612
01:17:21,400 --> 01:17:25,200
Speaker 21: immediately tomorrow morning, day one, and it may well get

1613
01:17:25,240 --> 01:17:29,720
Speaker 21: altered in time, but he can't do it just yet

1614
01:17:30,920 --> 01:17:36,160
Speaker 21: collection with the election. Yes though if Labour thinks that's

1615
01:17:36,800 --> 01:17:39,400
Speaker 21: that's the sub of it, that it's just the winter

1616
01:17:39,479 --> 01:17:43,920
Speaker 21: fuel payments. They really are living in a fantasy world.

1617
01:17:44,680 --> 01:17:49,240
Speaker 21: But undoubtedly annoyed and stuck in the minds of people

1618
01:17:50,280 --> 01:17:53,160
Speaker 21: that he given pay rises to X, Y and Z,

1619
01:17:54,000 --> 01:17:57,040
Speaker 21: but cut the payments for the people who don't vote

1620
01:17:57,080 --> 01:17:58,760
Speaker 21: for him by and large attentions.

1621
01:17:59,479 --> 01:18:01,080
Speaker 2: What are they going to do? I know there's yet

1622
01:18:01,120 --> 01:18:03,400
Speaker 2: another poll out this morning, and this is post the

1623
01:18:03,479 --> 01:18:07,679
Speaker 2: local body elections where Reform are up three to twenty nine.

1624
01:18:08,000 --> 01:18:10,560
Speaker 2: Labour's got a seven point get the down one to

1625
01:18:10,640 --> 01:18:13,439
Speaker 2: twenty two, the Tories on seventeen. If it's not the

1626
01:18:13,479 --> 01:18:15,160
Speaker 2: winter paymer, They're going to do something, don't they.

1627
01:18:16,200 --> 01:18:18,320
Speaker 21: They have to do something. I mean, there was a

1628
01:18:18,479 --> 01:18:24,040
Speaker 21: hilarious spectacle at Parliament at Prime Minister's Questions today when

1629
01:18:25,040 --> 01:18:28,320
Speaker 21: the Vita of the Opposition nor the Prime Minister at

1630
01:18:28,360 --> 01:18:32,160
Speaker 21: any point mentioned the local author of ary elections. They

1631
01:18:32,360 --> 01:18:35,760
Speaker 21: kind of had this truce between them that neither would

1632
01:18:35,880 --> 01:18:39,400
Speaker 21: mention them. But it was another bad performance by Kenny

1633
01:18:39,439 --> 01:18:42,639
Speaker 21: Badenoch and the knives are definitely out for her. There's

1634
01:18:42,720 --> 01:18:46,680
Speaker 21: been more and more people saying not yet within their

1635
01:18:46,760 --> 01:18:49,720
Speaker 21: inner circle of the Tories, but but saying, look, she

1636
01:18:49,920 --> 01:18:53,640
Speaker 21: hasn't managed to do it so far. She's failed to

1637
01:18:53,720 --> 01:18:57,360
Speaker 21: hold Sakia Starma to account. She's beaten too often at

1638
01:18:57,439 --> 01:19:01,360
Speaker 21: PMQ's and indeed today you know she is the net

1639
01:19:01,520 --> 01:19:06,160
Speaker 21: zero stuff which labor is vulnerable on somehow forgetting that

1640
01:19:06,320 --> 01:19:09,720
Speaker 21: she's introduced it when she was in government. You know,

1641
01:19:09,960 --> 01:19:15,439
Speaker 21: it's that's so easily dealt with. Meanwhile, Saki is in

1642
01:19:15,520 --> 01:19:17,880
Speaker 21: a lot of trouble, you know, no question at all.

1643
01:19:18,240 --> 01:19:21,000
Speaker 21: You look at the polls both in this in in

1644
01:19:21,200 --> 01:19:24,360
Speaker 21: England but also in Wales where I think they're coming

1645
01:19:24,800 --> 01:19:29,280
Speaker 21: third or fourth, you know, way way down. It is

1646
01:19:29,360 --> 01:19:34,280
Speaker 21: a real problem. I don't know how much of an

1647
01:19:34,320 --> 01:19:38,680
Speaker 21: appetite there is in the Labor Party for another leader contest,

1648
01:19:40,000 --> 01:19:43,120
Speaker 21: but but it's it's etching towards that way. It's etching

1649
01:19:43,160 --> 01:19:44,719
Speaker 21: towards that way for both parties.

1650
01:19:44,800 --> 01:19:47,080
Speaker 2: It's funny you should say that because there was a

1651
01:19:47,120 --> 01:19:50,960
Speaker 2: separate survey out on Wilds. The Welsh holding elections next year,

1652
01:19:51,040 --> 01:19:52,719
Speaker 2: so they've got less time to get their act together

1653
01:19:52,880 --> 01:19:55,519
Speaker 2: there than they do for the Rist of England. Having

1654
01:19:55,800 --> 01:19:59,560
Speaker 2: the question on Kimmy Bednock, was she she had disappointment

1655
01:19:59,600 --> 01:20:01,639
Speaker 2: and other words we put her in thinking she's great

1656
01:20:01,640 --> 01:20:03,280
Speaker 2: and she just turns out not to be. Or was

1657
01:20:03,320 --> 01:20:06,320
Speaker 2: she always you know, some sort of compromise anyway.

1658
01:20:07,360 --> 01:20:10,800
Speaker 21: She was always a risk. I mean, she is outspoken.

1659
01:20:11,479 --> 01:20:15,840
Speaker 21: She does represent a very kind of blue labor ish

1660
01:20:16,240 --> 01:20:21,880
Speaker 21: but also right wings socially strand of conservatism. What she

1661
01:20:22,000 --> 01:20:26,400
Speaker 21: has been left good at she doesn't. She doesn't seem

1662
01:20:26,560 --> 01:20:31,879
Speaker 21: quite bright enough. Sometimes she fails to read the moods.

1663
01:20:32,120 --> 01:20:37,519
Speaker 21: She fails to she cannot plot a means of entrapping

1664
01:20:37,680 --> 01:20:40,400
Speaker 21: starmer who has had It has to be said a

1665
01:20:40,520 --> 01:20:44,080
Speaker 21: very easy ride of it at PMQ's she's never really

1666
01:20:44,200 --> 01:20:47,960
Speaker 21: landed a very hard blow. And I think I think

1667
01:20:48,000 --> 01:20:53,800
Speaker 21: there is a degree of caveat Mturu within the Conservative Party,

1668
01:20:53,880 --> 01:20:56,559
Speaker 21: particularly on the right, that they chose the wrong person.

1669
01:20:57,280 --> 01:20:59,639
Speaker 2: Just while we've got you Rod big deal here, we're

1670
01:20:59,680 --> 01:21:01,519
Speaker 2: trying to goes he had a free trade deal with Indi.

1671
01:21:01,560 --> 01:21:04,000
Speaker 2: Yet literally as we speak this week, we've got boots

1672
01:21:04,040 --> 01:21:05,519
Speaker 2: on the ground. We have been trying to do it

1673
01:21:05,600 --> 01:21:08,920
Speaker 2: for years. We've got a dairy issue. They're into cows

1674
01:21:08,960 --> 01:21:10,960
Speaker 2: in a different way that we are. Having seen all

1675
01:21:11,000 --> 01:21:15,160
Speaker 2: that you signed, you signed it. It is spruped as

1676
01:21:15,200 --> 01:21:17,479
Speaker 2: being fifty billion dollars worth of extra trade, all of

1677
01:21:17,560 --> 01:21:21,559
Speaker 2: which is exciting. But this social security carve out they've got,

1678
01:21:22,080 --> 01:21:25,320
Speaker 2: which presumably means it's cheaper to higher Indians than anyone else.

1679
01:21:25,640 --> 01:21:27,640
Speaker 2: Is their political fallout.

1680
01:21:27,280 --> 01:21:30,200
Speaker 21: On that, Yes, and there'll be a lot. It is

1681
01:21:30,280 --> 01:21:32,320
Speaker 21: a good trade deal. Five billion quid is not to

1682
01:21:32,400 --> 01:21:36,439
Speaker 21: be slipped at and it is exactly the sort of

1683
01:21:36,479 --> 01:21:38,760
Speaker 21: country we thought we ought to be striking deals with

1684
01:21:38,880 --> 01:21:43,719
Speaker 21: post Brexit. But to absolve the Indian workers from national

1685
01:21:43,800 --> 01:21:48,639
Speaker 21: insurance payments, it's a crushing blow to the low paid

1686
01:21:48,720 --> 01:21:52,600
Speaker 21: British workers who will therefore be more expensive in the

1687
01:21:52,680 --> 01:21:56,360
Speaker 21: marketplace and than was the Indian workers. And of course

1688
01:21:56,439 --> 01:21:59,640
Speaker 21: it was National Insurance, which everyone criticized the government for.

1689
01:22:00,120 --> 01:22:03,719
Speaker 21: We're putting that high up during Rechel reeves foras budget.

1690
01:22:04,040 --> 01:22:06,600
Speaker 21: So yes, there's already quite a lot of fallout and

1691
01:22:06,640 --> 01:22:07,760
Speaker 21: I think that'll get was.

1692
01:22:07,960 --> 01:22:09,599
Speaker 2: You're a good bloke. We'll catch up next week. Make

1693
01:22:09,600 --> 01:22:12,360
Speaker 2: appreciate it. Rod Little in Britain sixteen to nine.

1694
01:22:13,840 --> 01:22:18,240
Speaker 1: The Mike Asking Breakfast Fall Show podcast on iHeartRadio powered

1695
01:22:18,280 --> 01:22:19,280
Speaker 1: by News Talks at b.

1696
01:22:20,520 --> 01:22:23,759
Speaker 2: Mike Rebusiness and Coinstown recently cycled the Otiger rail trail

1697
01:22:23,920 --> 01:22:26,200
Speaker 2: speaking of the accommodation providers ninety percent a guest at

1698
01:22:26,240 --> 01:22:29,439
Speaker 2: presenter from Australia doesn't surprise me. Americans and Australians are

1699
01:22:29,439 --> 01:22:31,360
Speaker 2: the big movers and shakers in that part of the world.

1700
01:22:31,360 --> 01:22:33,800
Speaker 2: But Greg Woran's right, Tourism that part of the world

1701
01:22:33,880 --> 01:22:38,080
Speaker 2: is well over one hundred percent, so life should be booming.

1702
01:22:38,400 --> 01:22:40,600
Speaker 2: We didn't have enough time, I don't think today to

1703
01:22:40,840 --> 01:22:44,840
Speaker 2: this contact energy thing, which is I know, slightly dry,

1704
01:22:44,960 --> 01:22:48,080
Speaker 2: but I was absolutely convinced AZ was. As far as

1705
01:22:48,120 --> 01:22:49,680
Speaker 2: I can work out, everyone else. That was no way

1706
01:22:49,720 --> 01:22:51,280
Speaker 2: in the world they were going to be allowed to

1707
01:22:51,360 --> 01:22:55,519
Speaker 2: take over Manure Energy. Why because the Commerce Commission we're

1708
01:22:55,560 --> 01:22:57,720
Speaker 2: making the decision on that. It's a one point nine

1709
01:22:57,800 --> 01:23:02,360
Speaker 2: billion dollar deal. Man, it's the generating business basically left

1710
01:23:02,400 --> 01:23:05,680
Speaker 2: over when Trust Power sold off its retail operation. It

1711
01:23:05,840 --> 01:23:09,960
Speaker 2: sells uncommitted power to the electricity market through hedging contracts. Now,

1712
01:23:10,000 --> 01:23:12,240
Speaker 2: why is this important? Because we're about to win to

1713
01:23:12,280 --> 01:23:14,400
Speaker 2: winter and what happens in this country when we went

1714
01:23:14,439 --> 01:23:16,720
Speaker 2: to winter, we almost inevitably run out of power, and

1715
01:23:16,760 --> 01:23:19,120
Speaker 2: they start saying things like, don't shower, don't turn on

1716
01:23:19,160 --> 01:23:22,760
Speaker 2: the heater, turn everything off because we don't produce enough power. Now,

1717
01:23:22,920 --> 01:23:27,680
Speaker 2: part of the argument beyond renewables is competition of the marketplace.

1718
01:23:28,680 --> 01:23:30,760
Speaker 2: So there are now fewer players and players in the

1719
01:23:30,800 --> 01:23:33,639
Speaker 2: marketplace as a result of yesterday's decision from the Commerce Commission.

1720
01:23:33,880 --> 01:23:35,960
Speaker 2: That's why I didn't think the compt I don't mind

1721
01:23:36,280 --> 01:23:38,200
Speaker 2: if someone wants to buy, somebody rip into it, I

1722
01:23:38,240 --> 01:23:41,559
Speaker 2: don't care. But I didn't think the Commerce Commission were

1723
01:23:41,600 --> 01:23:43,240
Speaker 2: of that mind. All of a sudden they are, and

1724
01:23:43,320 --> 01:23:45,479
Speaker 2: they'd raised this wasn't this was out of the blue

1725
01:23:45,520 --> 01:23:47,280
Speaker 2: to the extent. The last time they did something or

1726
01:23:47,320 --> 01:23:50,000
Speaker 2: said something about this deal, they had concerns, and they

1727
01:23:50,040 --> 01:23:51,920
Speaker 2: had all the concerns along the lines of the concerns

1728
01:23:51,960 --> 01:23:55,040
Speaker 2: you thought they would have, like doesn't it mean when

1729
01:23:55,080 --> 01:23:56,720
Speaker 2: you buy someone else, that'll we won less player in

1730
01:23:56,760 --> 01:23:58,200
Speaker 2: the market? And I thought, yeah, fair enough, Well that's

1731
01:23:58,200 --> 01:24:00,479
Speaker 2: what the Commerce Commission does, rightly or wrongly anyway, didn't

1732
01:24:00,479 --> 01:24:02,840
Speaker 2: give them the tick. How's that work? Last time they

1733
01:24:02,920 --> 01:24:04,800
Speaker 2: looked at supermarkets, there were three players in the market.

1734
01:24:04,880 --> 01:24:06,160
Speaker 2: Then they said, no, it's okay to have two. And

1735
01:24:06,200 --> 01:24:08,120
Speaker 2: then they decided it wasn't okay to have two. Are

1736
01:24:08,160 --> 01:24:10,120
Speaker 2: they going to look at this and go, hold on,

1737
01:24:10,280 --> 01:24:12,280
Speaker 2: did we say yes to that? Goodness sake, what were

1738
01:24:12,320 --> 01:24:15,000
Speaker 2: we doing? Anyway? More on that another day, snooker. Do

1739
01:24:15,120 --> 01:24:19,760
Speaker 2: not talk to me about snooker ever again. Good morning

1740
01:24:19,800 --> 01:24:23,679
Speaker 2: Mike Jazzintong's journey to the world title. It's truly impressive,

1741
01:24:23,840 --> 01:24:26,840
Speaker 2: longer than any player in crucible history, winning nine rounds

1742
01:24:27,000 --> 01:24:29,160
Speaker 2: one hundred and seventy two frames. There is little doubt

1743
01:24:29,200 --> 01:24:30,920
Speaker 2: the cyclone has earned his title. When you say one

1744
01:24:30,960 --> 01:24:33,280
Speaker 2: hundred and seventy two, I heard somebody say one hundred

1745
01:24:33,280 --> 01:24:35,679
Speaker 2: and eleven doesn't matter. He played a lot of snooker.

1746
01:24:36,680 --> 01:24:39,799
Speaker 2: We got the ratings from Sky Barry Hearn, who runs snooker,

1747
01:24:39,800 --> 01:24:41,360
Speaker 2: as I told you earlier on the programs, claiming one

1748
01:24:41,400 --> 01:24:44,320
Speaker 2: hundred and fifty million people watched it out of Southeast Asia,

1749
01:24:44,960 --> 01:24:47,560
Speaker 2: which would mean globally hundreds of millions of people watched it,

1750
01:24:47,560 --> 01:24:50,080
Speaker 2: which would make it a significant sporting event. In other words,

1751
01:24:50,200 --> 01:24:52,080
Speaker 2: right up there with something like F one. Here, no

1752
01:24:52,160 --> 01:24:55,360
Speaker 2: one watched it. Despite my best surfits, nobody watched it. Well,

1753
01:24:55,360 --> 01:24:58,960
Speaker 2: they did, but not many. The biggest session, which was

1754
01:24:59,120 --> 01:25:01,880
Speaker 2: on a night, was not one for obvious reasons. Most

1755
01:25:01,880 --> 01:25:03,280
Speaker 2: of it was overnight two or three in the morning.

1756
01:25:03,479 --> 01:25:05,280
Speaker 2: It was forty five thousand people. So the number you

1757
01:25:05,360 --> 01:25:08,080
Speaker 2: really want is in totality, how many people watch the

1758
01:25:08,120 --> 01:25:12,240
Speaker 2: snooker Now, the critical answer is overall. This comes from Sky.

1759
01:25:12,840 --> 01:25:15,800
Speaker 2: Overall audiences were slightly lower than the last time we

1760
01:25:15,880 --> 01:25:18,200
Speaker 2: broadcast in twenty twenty two, so the audience has gone down.

1761
01:25:18,920 --> 01:25:19,080
Speaker 14: Now.

1762
01:25:19,160 --> 01:25:21,040
Speaker 2: I could argue, well, if you stuck it on every

1763
01:25:21,120 --> 01:25:22,880
Speaker 2: year instead of being sporadic about it, you might have

1764
01:25:22,920 --> 01:25:24,600
Speaker 2: grown an audience. But I'm not going to argue that.

1765
01:25:24,640 --> 01:25:28,040
Speaker 2: I'm going to take defeat on the Chin I sproop

1766
01:25:28,120 --> 01:25:30,240
Speaker 2: the snooker as being an event they should hold, and

1767
01:25:30,400 --> 01:25:34,040
Speaker 2: as they quite rightly say, we strive to secure the

1768
01:25:34,080 --> 01:25:36,400
Speaker 2: content that we know our customers love, and we pulled

1769
01:25:36,400 --> 01:25:39,120
Speaker 2: out stops to get World Snooker Champs this time around.

1770
01:25:39,200 --> 01:25:42,960
Speaker 2: As always, we will use this viewership data to inform

1771
01:25:43,040 --> 01:25:45,639
Speaker 2: future content decisions. Content decisions. Now, next to you, when

1772
01:25:45,680 --> 01:25:47,760
Speaker 2: you come to me going why isn't the snooker on,

1773
01:25:48,040 --> 01:25:49,720
Speaker 2: I'm going to go I got it on for you.

1774
01:25:50,479 --> 01:25:53,160
Speaker 2: The Hosk went to bat for you, and you didn't

1775
01:25:53,280 --> 01:25:57,600
Speaker 2: back them up. I actually wonder if you're partially responsible

1776
01:25:57,720 --> 01:26:00,240
Speaker 2: for the low viewership because I told them what was

1777
01:26:00,280 --> 01:26:02,360
Speaker 2: going on in the radio. You gave it to what Yeah,

1778
01:26:02,520 --> 01:26:06,240
Speaker 2: and you made it sound perhaps more exciting than it

1779
01:26:06,360 --> 01:26:09,639
Speaker 2: actually is. I think Andrew Sevil would agree with you somehow.

1780
01:26:09,960 --> 01:26:11,240
Speaker 2: Nine minutes away from nine.

1781
01:26:11,800 --> 01:26:16,000
Speaker 1: The Mike Hosking breakfast with al Vida Retirement Communities News

1782
01:26:16,080 --> 01:26:16,679
Speaker 1: togs Dad.

1783
01:26:16,560 --> 01:26:20,160
Speaker 2: Be Yes out of Australia, out of the election, and

1784
01:26:20,360 --> 01:26:22,880
Speaker 2: goes to what David Seymour was saying the other day,

1785
01:26:22,920 --> 01:26:24,560
Speaker 2: which I thought was a smart idea, which is we

1786
01:26:24,680 --> 01:26:29,320
Speaker 2: need fewer ministers, less cabinet fewer portfolios, all of that

1787
01:26:29,400 --> 01:26:30,880
Speaker 2: sort of stuff. Anyway, one of the first things that

1788
01:26:30,960 --> 01:26:34,759
Speaker 2: Elbow announces yesterday, he's adding another ministry to the cabinet

1789
01:26:35,640 --> 01:26:37,880
Speaker 2: to the left hand side of the Labor Party. They

1790
01:26:37,920 --> 01:26:40,760
Speaker 2: have factions within the Labor Party caucus is going to

1791
01:26:40,840 --> 01:26:44,160
Speaker 2: increase from one hundred and three members and senators to

1792
01:26:44,200 --> 01:26:45,760
Speaker 2: at least one hundred and ten, could go as high

1793
01:26:45,760 --> 01:26:48,439
Speaker 2: as one hundred and twenty one. The Labor left to going, well,

1794
01:26:48,479 --> 01:26:50,080
Speaker 2: what about us, and he goes, yeah, you can have them,

1795
01:26:50,200 --> 01:26:52,760
Speaker 2: you can have a ministry. So they're just going to

1796
01:26:52,760 --> 01:26:57,160
Speaker 2: make another minister doing what who cares, doesn't really matter.

1797
01:26:57,560 --> 01:26:59,639
Speaker 2: You're from the left. I need to keep you quiet

1798
01:27:00,280 --> 01:27:01,920
Speaker 2: so you can have a job. And that's how this

1799
01:27:02,080 --> 01:27:03,880
Speaker 2: game works. No one else in the real world operates

1800
01:27:03,920 --> 01:27:06,280
Speaker 2: that way. But I don't know good old politics when

1801
01:27:06,280 --> 01:27:08,840
Speaker 2: having it's away from nine trending.

1802
01:27:08,760 --> 01:27:12,880
Speaker 1: Now chimis Wells book in your Flu Vaccination Today.

1803
01:27:13,000 --> 01:27:14,720
Speaker 2: Weird story. When did I report this? Was it a

1804
01:27:14,760 --> 01:27:17,200
Speaker 2: week ago? If not two weeks ago? About the WA

1805
01:27:17,400 --> 01:27:20,040
Speaker 2: NRL side. Anyway, they got around to actually announcing it yesterday.

1806
01:27:20,120 --> 01:27:22,519
Speaker 2: New team from Perth. So that's christ you. It's done

1807
01:27:22,560 --> 01:27:25,080
Speaker 2: for they're called the Perth Bears. I wouldn't want to

1808
01:27:25,080 --> 01:27:28,880
Speaker 2: play for a team called the Bears anyway. Chicago Bears,

1809
01:27:28,960 --> 01:27:32,000
Speaker 2: Perth Bears sixty five million dollar fund a deal with

1810
01:27:32,040 --> 01:27:35,599
Speaker 2: the Western Australian government, so they rolled out the premiere.

1811
01:27:35,600 --> 01:27:36,360
Speaker 2: Who's Roger Cook.

1812
01:27:36,560 --> 01:27:39,080
Speaker 1: Not only will this be great news for sports fans,

1813
01:27:39,320 --> 01:27:43,040
Speaker 1: it's a great news for our economy and great news

1814
01:27:43,120 --> 01:27:46,679
Speaker 1: for jobs. The new Time will compete in the NRL

1815
01:27:46,760 --> 01:27:50,080
Speaker 1: Premiership competition for the first time in twenty twenty seven

1816
01:27:50,240 --> 01:27:52,839
Speaker 1: or twenty twenty eight, and it will deliver a return

1817
01:27:52,960 --> 01:27:56,759
Speaker 1: for taxpayers. This is a great outcome for WA. Like Sydney,

1818
01:27:57,040 --> 01:28:01,400
Speaker 1: Melbourne and Brisbane, WA will host both AL and NRL

1819
01:28:01,560 --> 01:28:04,800
Speaker 1: size and I'd back us to compete just as hard

1820
01:28:04,840 --> 01:28:08,040
Speaker 1: in NRL as we do in AFL. So let's get

1821
01:28:08,080 --> 01:28:10,160
Speaker 1: behinde the new NRL side.

1822
01:28:10,400 --> 01:28:13,200
Speaker 21: Let's get behinde Western Australia as if we put the

1823
01:28:13,320 --> 01:28:14,679
Speaker 21: national in NRL.

1824
01:28:15,200 --> 01:28:17,920
Speaker 2: When he says it will create jobs, what he's meaning

1825
01:28:18,040 --> 01:28:21,560
Speaker 2: is the players are going to be part time and

1826
01:28:21,720 --> 01:28:24,080
Speaker 2: after training each day they'll be going down the mines

1827
01:28:24,160 --> 01:28:27,639
Speaker 2: to do the iron ore. So that helps the economy.

1828
01:28:28,360 --> 01:28:30,640
Speaker 2: So the Warriors, that's a long commute. Do you ever

1829
01:28:30,680 --> 01:28:33,720
Speaker 2: flying to Perth? I only flew once. I flew to

1830
01:28:33,760 --> 01:28:35,559
Speaker 2: Perth once, thinking Perth could be interesting.

1831
01:28:35,960 --> 01:28:36,400
Speaker 7: It wasn't.

1832
01:28:36,439 --> 01:28:38,639
Speaker 2: As it turns out. I stayed at a very nice

1833
01:28:38,680 --> 01:28:40,880
Speaker 2: hotel on a golf course back in the days when

1834
01:28:40,880 --> 01:28:43,400
Speaker 2: I played golf, and I thought, yep, golf course is

1835
01:28:43,439 --> 01:28:46,439
Speaker 2: all right? What else we got? We got the river? Yep,

1836
01:28:46,520 --> 01:28:48,680
Speaker 2: there it is and it was quite hoss. Did you

1837
01:28:48,760 --> 01:28:51,560
Speaker 2: experience the Freemantle Doctor when it came in? No, that

1838
01:28:51,680 --> 01:28:53,599
Speaker 2: I was in Perth, not fre Mental. They're two completely

1839
01:28:53,720 --> 01:28:56,600
Speaker 2: separate places. Doesn't go to Perth. I mean you have

1840
01:28:56,680 --> 01:29:00,360
Speaker 2: to go to fer Mental Doctor. That's separate. It's another

1841
01:29:00,400 --> 01:29:02,400
Speaker 2: trip that you wouldn't make if you went to Perth.

1842
01:29:02,760 --> 01:29:05,439
Speaker 2: When are they getting in any ERL team? Very good question.

1843
01:29:06,280 --> 01:29:08,439
Speaker 2: They think they'll probably launch off in twenty twenty eight.

1844
01:29:08,680 --> 01:29:11,679
Speaker 2: By the way, if you want a inspirational piece of video,

1845
01:29:11,760 --> 01:29:15,320
Speaker 2: saw Carlos Science yesterday talking to Tom Brady. They were

1846
01:29:15,360 --> 01:29:19,920
Speaker 2: talking about recovery, health, fitness generally, but inevitably, as it

1847
01:29:19,960 --> 01:29:24,639
Speaker 2: always does, dubtails into life and success and goal setting

1848
01:29:24,920 --> 01:29:29,240
Speaker 2: and determination and aspiration. Just stick it on YouTube. Carlos

1849
01:29:29,320 --> 01:29:31,920
Speaker 2: Science and Tom Brady just chatting away. They were chatting

1850
01:29:32,000 --> 01:29:36,280
Speaker 2: away on is the end of Tom's dock at his

1851
01:29:36,439 --> 01:29:40,280
Speaker 2: house with golf clubs, where he'd installed a golf team,

1852
01:29:40,760 --> 01:29:43,040
Speaker 2: which I thought was quite cool. But if you run

1853
01:29:43,120 --> 01:29:44,920
Speaker 2: your life properly, you too can have a golf team.

1854
01:29:44,920 --> 01:29:47,599
Speaker 2: And I think that's partially the message, isn't it. Back tomorrow,

1855
01:29:48,120 --> 01:29:48,760
Speaker 2: Happy Days.

1856
01:29:51,520 --> 01:29:54,360
Speaker 1: For more from the Mic Asking Breakfast, listen live to

1857
01:29:54,520 --> 01:29:57,599
Speaker 1: news talks that'd be from six am weekdays, or follow

1858
01:29:57,640 --> 01:29:59,160
Speaker 1: the podcast on iHeartRadio.