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Speaker 1: Digging through the spin spence to find the real story.

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Speaker 1: Or it's Ryan Bridge on Heather Duper see Ellen Drive

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Speaker 1: with one New Zealand. Let's get connected and news talks.

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Speaker 2: They'd be good afternoon, seven after four. It is Thursday,

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Speaker 2: the third of April, and that means that is tariff day.

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Speaker 2: Todd McLay on the show today will have New Zealand

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Speaker 2: King Salmon. They reckon this might actually be good for them.

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Speaker 2: We'll have a market update, of course, on the Treaty's

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Speaker 2: Prince of Treaty Principal's Bill Labor said that they didn't

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Speaker 2: want to have the debate because it would be dangerous,

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Speaker 2: and now they want a longer one. Northland wants a

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Speaker 2: great walk. Is that something you can just ask for?

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Speaker 2: Does that not need to be bestowed upon you because

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Speaker 2: the walk is actually worth it, we'll ask that question.

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Speaker 2: It's seven after four, Bryan Bridge. Winston's probably right. There

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Speaker 2: will be a big sigh of relief across the country today.

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Speaker 2: The tarifs weren't as big and scary as we thought

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Speaker 2: they might be. But the bigger, scarier problem is not

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Speaker 2: Trump's tariffs, but the system that we've relied on to

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Speaker 2: get rich. Well richer over the past forty odd years

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Speaker 2: in free trade. All the politicians of all the stripes

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Speaker 2: are proud of the fact that we're a small trading

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Speaker 2: nation at the bottom of the world, punching above our weight.

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Speaker 2: We wrote the FTA rulebook with China, and there's no

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Speaker 2: doubt that it has done wonders for us as a country,

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Speaker 2: wonders for our economy. But free trade, whether we like

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Speaker 2: it or not, is going out of fashion. And surely

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Speaker 2: when the thing that you're known for, the thing that

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Speaker 2: you're good at, starts to age, you need to have

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Speaker 2: a plan. You need a long term plan, and I'm

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Speaker 2: not sure that we do have one. If you do

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Speaker 2: listen to this program often, you'll know. I spoke about

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Speaker 2: the chairman of HSBC the other week, Mark Tucker is

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Speaker 2: his name, HSBC, of course, being the largest funder of

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Speaker 2: trading free trade in the world. He gave an interesting speech.

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Speaker 2: He said, globalization as we know it is basically over.

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Speaker 2: Instead of one big world trading free we'll split up

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Speaker 2: into smaller groups and political blocks, bricks countries. That's her Russia, China, India, Brazil,

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Speaker 2: South Africa, Indonesia. They'll start doing a lot more trade

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Speaker 2: with each other. Trump is creating a new world order

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Speaker 2: with these tariffs, But how do we fit into it?

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Speaker 2: What's our goal? We're chasing a deal with India, which

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Speaker 2: is obviously not a bad thing, but that could take years,

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Speaker 2: will never happen, and if it does, maybe without dairy.

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Speaker 2: What happens when China invades Taiwan and the world blacklists it.

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Speaker 2: There's thirty eight billion dollars in two way trade, our

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Speaker 2: biggest trading partner. What do we do then? While Trump

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Speaker 2: was slapping friend and foe alike with terrorists today, he

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Speaker 2: mentioned war at least a couple of times in the

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Speaker 2: time that I was watching his press conference. He says,

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Speaker 2: we need a strong manufacturing base to sustain a war effort,

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Speaker 2: should we need one. The guy clearly has a long

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Speaker 2: term plan he thinks will help America protect and prosper itself.

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Speaker 2: The question is do we I and Bridge rich In

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Speaker 2: After four news talks here B nine to nine ten

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Speaker 2: the numbers tix here is Donald Trump familiar today?

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Speaker 3: For decades our country has been looted, pillage, raped, and

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Speaker 3: plundered by nations near and far, both friend and foe alike.

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Speaker 3: But it is not going to happen anymore.

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Speaker 2: Janett Hoffman is a Republican strategist with me this afternoon.

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Speaker 4: Hi Janet, Hi, good afternoon, Ryan. Thanks for having me.

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Speaker 2: Great to have you on the show. How's it going

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Speaker 2: down in America? Futures are already down significantly on the

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Speaker 2: back of this, but how people feeling about them?

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Speaker 4: Well, it's a little controversial here too. In America. Stocks

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Speaker 4: are down as well. There's a lot of uncertainty with

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Speaker 4: the markets with this very controversial tariff plan. As we

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Speaker 4: just heard, President Trump is claiming that other nations have

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Speaker 4: been ripping America off for decades with tariffs, and he

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Speaker 4: wants to even the playing field. But of course that's

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Speaker 4: controversial because America has not implemented broadbeased tariffs since nineteen

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Speaker 4: thirty because the outcome has been trade wars, which is

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Speaker 4: not beneficial for anyone. In fact, when that happened, the

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Speaker 4: Tariff Act of nineteen thirty sparked the Great Depression for America.

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Speaker 4: So what happens next is anybody's guests. You know, a

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Speaker 4: lot of people think this could increase consumer prices for

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Speaker 4: Americans and across the globe. If this turns into a

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Speaker 4: massive global trade war, what is.

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Speaker 2: Your sense of the reason he's really doing this. Is

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Speaker 2: this just you know, putting a steak in the sand

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Speaker 2: for you know, bargaining later to get the tariffs down

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Speaker 2: from other countries, or is it? I mean, if you

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Speaker 2: listen to the way he talks, he's talking about stuff like,

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Speaker 2: if we were at war and we needed medicines, you know,

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Speaker 2: we need to bring back manufacturing for our military might

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Speaker 2: and capability should we need it. Which of these two,

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Speaker 2: you know, compete ideas about why do you buy them?

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Speaker 4: Well, two things both can be true, Ryan. You know,

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Speaker 4: one of the things, if you looked in the audience

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Speaker 4: of his speech, he was surrounded by auto workers and

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Speaker 4: teamsters and unions who are desperate to bring manufacturing back

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Speaker 4: to America because that ship has sailed a long, long

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Speaker 4: time ago. And he does. President Trump does have commitments

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Speaker 4: to bring manufacturing back from pharmaceutical companies as you mentioned,

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Speaker 4: from Pfizer, and from auto manufacturers, and from Apple and

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Speaker 4: from other companies. And the other thing that also can

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Speaker 4: be true, as you said, this can be negotiating chips

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Speaker 4: with other countries to bring their terriffs down, in which

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Speaker 4: I think would be smart. Right if this could just

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Speaker 4: be negotiations back and forth instead of a tip for

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Speaker 4: chat and saying if you're going to raise tariffs, then

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Speaker 4: I'm going to raise teriffs, and then everything becomes more expensive,

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Speaker 4: and then we get into this back and forth into

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Speaker 4: trade war. And I will say, when President Trump did

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Speaker 4: implement tariffs in the first term, it did hurt American

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Speaker 4: agricultural business, farmers, the American bourbon trades in Louisville, Kentucky,

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Speaker 4: the whiskey businesses in Tennessee, because those are big exports

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Speaker 4: for America. So when we implemented tariffs on other countries,

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Speaker 4: those countries slap tariffs right back on us. So if

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Speaker 4: it can be a negotiating ship where we say to

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Speaker 4: other countries, lower your tariffs and we won't implement them

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Speaker 4: on you, that would be a good thing. But the

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Speaker 4: fear is that the prices will go up across the board.

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Speaker 2: Looking at the stock market, and I know a lot

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Speaker 2: of this is priced in over the last couple of weeks,

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Speaker 2: but looking at the stock market, looking at the futures,

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Speaker 2: if a recision comes to America, what does it do

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Speaker 2: to Trump?

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Speaker 4: Well, that would not be good for Trump's legacy because frankly,

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Speaker 4: I think he was elected because of prices, because of inflation,

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Speaker 4: because of price of groceries, and he said it himself, groceries,

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Speaker 4: you know, that was the number one reason why he's elected.

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Speaker 4: People couldn't stand the price of eggs, the price of

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Speaker 4: just basic consumer goods, the price of gasoline. So if

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Speaker 4: everything prices go up, we hit a recession, that will

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Speaker 4: be bad news for Trump's legacy and also for midterms

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Speaker 4: that the House of Representatives will be elected next year

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Speaker 4: for Republicans because that margin the Republicans currently hold a

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Speaker 4: very slim margin right now, So that would be bad

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Speaker 4: for any kind of legislation that the president hopes to

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Speaker 4: pass in the future of his term.

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Speaker 2: Interesting stuff, Jenett, thank you very much for your time.

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Speaker 2: Jeanette Hoffman, Republican strategist out of the States for US

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Speaker 2: at the afternoon, fourteen minutes after four News Talks Big.

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Speaker 2: We'd love to hear from you the soufternoon if you

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Speaker 2: have thoughts on the trade war and whether you think

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Speaker 2: whether you are a believer that actually protectionism can work.

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Speaker 2: I mean, didn't we disprove that? Haven't we disproved that

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Speaker 2: over many decades, well, the last one hundred years. New

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Speaker 2: Zealand King Salmon. I'm looking forward to talking to them

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Speaker 2: after five point thirty tonight. They have exports of around well,

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Speaker 2: I think thirty two percent of what they produce is

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Speaker 2: eaten by US, which means the rest is exported. So

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Speaker 2: they are quite exposed to what a trade wark could

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Speaker 2: do to the world and could do to their business,

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Speaker 2: so bentuing to hear what their take is. That's after

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Speaker 2: five thirty Darcy.

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Speaker 1: Next, it's the Heather du Bussy Allan Drive Full Show

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Speaker 1: podcast on iHeartRadio powered by News TALKSB.

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Speaker 2: News TALKSB is seventeen minutes after fort Ryan the tariffs

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Speaker 2: are completely made up? They are? Or how nice this

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Speaker 2: one says of Donald Trump to only set the reciprocal

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Speaker 2: tariffs at half the rate that the countries are charging

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Speaker 2: the Americans. What a great way to pay off your

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Speaker 2: deficit without incurring a full reciprocal value. Yeah. The thing

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Speaker 2: about the calculations is how have they actually calculated their

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Speaker 2: their tariff rate and what they think we're charging them?

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Speaker 2: Where do they get twenty percent from New Zealand from

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Speaker 2: Tom McLay has words on that. After five Darcy's here

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Speaker 2: was sport Hey, Darcy.

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Speaker 5: Sporting tip to it. Have you heard of a dartboard?

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Speaker 2: Well it does.

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Speaker 5: Look how about where did thirty eight come from?

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Speaker 2: It does feel like that does because we all have

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Speaker 2: because everyone's like I was gst included. But then our

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Speaker 2: vat is different to in other countries. That doesn't make

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Speaker 2: any sense anyway. Todd McLay after five on Matt Christian Horner.

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Speaker 2: Now he's come out and said some stuff about Liam Lawson.

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Speaker 6: He's a principal of red Ball Racing. He was the

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Speaker 6: guy that was part and parcel of his elevation.

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Speaker 2: Jerry's husband to.

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Speaker 6: Yet that's right, that's right, Hallie will Now Horner So

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Speaker 6: he was elevated to the top team and then he's

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Speaker 6: constantly been He's been put down the laundry, shoot, hasn't he?

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Speaker 6: And he said, we've we've done this for his mental health.

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Speaker 6: I know through talks with people outside that this was

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Speaker 6: going to come up.

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Speaker 5: They had this in their back pocket.

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Speaker 6: Later on the piece are going to throw the mental

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Speaker 6: health card out there?

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Speaker 5: How about this?

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Speaker 6: You give a guy two races and a car he

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Speaker 6: can't drive that some possible to drive at two tracks

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Speaker 6: he's never driven on before, after saying would give you

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Speaker 6: three to five to get.

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Speaker 5: Used to it.

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Speaker 6: Then they thrown to the walls after two races, and

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Speaker 6: that's good for his mental health?

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Speaker 5: Are you insane?

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Speaker 2: I listened to his comments DRC, and he said he

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Speaker 2: was talking about the engineers a lot, saying they had

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Speaker 2: come to him with concerns about Liam's mental health, which

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Speaker 2: I thought was an interesting thing. It's almost like he

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Speaker 2: was putting it on them, like, oh, they came to me,

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Speaker 2: so I had to act, Well, that's it.

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Speaker 5: I'm blaming them.

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Speaker 6: These guys who are in girls who remained nameless said

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Speaker 6: to me, it's just it's all an act. I love

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Speaker 6: this weekend. There's a very good chance that read bull

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Speaker 6: leaned up with such a big custard pie right in

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Speaker 6: their face.

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Speaker 5: We'll see.

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Speaker 6: I might be horribly wrong, been had before. But there

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Speaker 6: was a really cool little video of the Racing Bulls

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Speaker 6: team welcoming back with the pit board when Liam Lawson

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Speaker 6: rocked into the pits today.

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Speaker 5: Welcome back, we missed you.

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Speaker 2: That's nice.

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Speaker 5: So that's super super good.

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Speaker 2: Not so nice as the who's stopped Porscha Woodman Whickcliffe

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Speaker 2: from joining the Nights?

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Speaker 6: What's the reason which she is an ambassador for the

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Speaker 6: upcoming World Cup for women. So what that means is

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Speaker 6: that classed with the season and WNRL season And I thought, word,

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Speaker 6: it's understandable. You don't want her clashing with her because

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Speaker 6: we miss half the season. It's one week. I've since

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Speaker 6: been in forman, it's one week. She is the biggest

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Speaker 6: name in women's rugby. She is an absolute bona fide superstar,

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Speaker 6: a hero. She would be so good for their brand,

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Speaker 6: but for one week they think it's untenable, so they

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Speaker 6: won't let her.

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Speaker 2: Plays a bit silly.

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Speaker 5: She knows cut face off?

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Speaker 2: Is she fighting at all? What's she doing?

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Speaker 6: Just just shrugging her shoulders. She's been a cruiser a Porsche.

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Speaker 6: Don't worry too much about it, but it does. It's

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Speaker 6: another case of the NRL making a really dumb decision around.

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Speaker 5: His Siller participation.

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Speaker 7: I don't believe they've done it.

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Speaker 6: This is not just someone out of the backblock. This

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Speaker 6: is Porsche, a Woodman Wickliffe.

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Speaker 2: Really, Darcy, we'll see you tonight. How you got on?

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Speaker 6: I've got Lorie mains on because you know what today

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Speaker 6: or today give will take it? Twenty four hours No,

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Speaker 6: five years in South Africa left Super Rugby five years.

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Speaker 7: Have we missed them?

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Speaker 2: Are we celebrating that tonight?

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Speaker 6: I'm not sure we'll find out from all we missed them?

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Speaker 5: Do we miss them? Do they miss us? Does it

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Speaker 5: really anyway?

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Speaker 6: That goes on and we're going live to Suzuka talked

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Speaker 6: to a Formula one Cory about what's going on over there.

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Speaker 2: Brilliant, look forward to seeing it. Then, Darcy Wildgrave's sports

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Speaker 2: talk host on News Talk to B. He'll see at

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Speaker 2: seven tonight twenty two minutes after four My hot tips

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Speaker 2: for the markets yesterday? Well, was I right or was

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Speaker 2: I right?

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Speaker 1: That's next getting the facts discarding the fluff. It's Ryan

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Speaker 1: Bridge on hither dup see Allen Drive with one New Zealand.

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Speaker 1: Let's get connected News TALKSB.

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Speaker 2: News Talk said, Ryan, I've told you says, this text

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Speaker 2: the formula has nothing to do with GST. This is

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Speaker 2: Trump's tariff Like, how did he get twenty percent for

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Speaker 2: New Zealand that we are essentially charging them twenty percent

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Speaker 2: tariff rate and therefore they will charge us ten percent

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Speaker 2: back because he's so generous, He's only doing half. Ryan

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Speaker 2: I've told you says this text of the formula has

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Speaker 2: nothing to do with GST tariffs, non trade barriers. It's

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Speaker 2: just an Excel spreadsheet that calculated the trade deficit divided

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Speaker 2: by imports and then halved goods only, not services. So

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Speaker 2: and this is what you know some are writing about today.

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Speaker 2: The Wall Street Journal had a piece of saying exactly

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Speaker 2: the same thing, that it appears that that is how

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Speaker 2: they came to the calculation. But look, I do have

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Speaker 2: a small brain, But how are those two things related?

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Speaker 2: I mean, I know they're related, but how does one

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Speaker 2: How would you just because you have a trade deficit,

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Speaker 2: just because one country buys more stuff from another country,

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Speaker 2: how would that number or how should those numbers influence

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Speaker 2: the tariff that you charge them? And how can you

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Speaker 2: say that our essentially our tariffs on you are calculated

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Speaker 2: based on that amount too. Anyway, here's what the Prime

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Speaker 2: Minister had to say about all this today.

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Speaker 8: Well, what it means is our export is into the

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Speaker 8: US are going to be hit with a ten percent

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Speaker 8: baseline tariff.

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Speaker 9: There are other countries that have actually.

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Speaker 8: Got higher tariffs, and that it may actually mean that

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Speaker 8: we've you know, we've got a better relative position going

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Speaker 8: into the US because all countries have been hit with a.

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Speaker 2: Tariff there you go. Ryan Trump has shown himself to

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Speaker 2: be an out of touch boomer without any understanding of

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Speaker 2: supply chain logistics and his magafanbase are the same. There

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Speaker 2: is no way that even in one hundred years time,

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Speaker 2: that Apple could manufacture their phones in the United States

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Speaker 2: of America. The contemporary at the componentry and requirements to

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Speaker 2: make those phones has been built up over decades and

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Speaker 2: cannot be changed on the flip of a coin. Interestingly,

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Speaker 2: a lot of the chips come from Taiwan, and he's

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Speaker 2: put a was it thirty five percent let me grab

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Speaker 2: my number caller on Taiwan? Thirty two percent on Taiwan.

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Speaker 2: But apparently it excludes a lot of the componentry that

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Speaker 2: you would need. So there are some carveouts. Despite what

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Speaker 2: we thought going into this, we'll have more about that.

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Speaker 2: Actually was Sam Dickey from Fisher Funds after Sex is

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Speaker 2: going to break that down for us. Murray Olds out

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Speaker 2: of Australia. Next tier on News talks big.

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Speaker 10: We can love.

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Speaker 11: Of days that we know.

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Speaker 12: We can go forever till we've.

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Speaker 1: Listed it out, putting the challenging questions to the people.

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Speaker 1: At the heart of the story, it's Ryan Bridge on

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Speaker 1: hither duper see Ellen Drive with one New Zealand, let's

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Speaker 1: get connected news talks.

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Speaker 13: It'd be.

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Speaker 2: Take Good afternoon. Twenty five away from five Tod McLay

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Speaker 2: on the show After five. We'll ask him how he's

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Speaker 2: calculating Trump's tariffs and his estimations. Also we'll get to

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Speaker 2: Murray Olds out of Australia in just a few moments.

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Speaker 2: The point is this is from a text to the

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Speaker 2: point is with Trump's tariff plan that it does make

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Speaker 2: zero sense. And that's the point with the formula, because

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Speaker 2: we're trying to work out why he's using the well,

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Speaker 2: what formula they are actually using to calculate how much

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Speaker 2: we're charging them. You're still trying to credit Trump with

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Speaker 2: some strategy he has none. His emotional response is you

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Speaker 2: sell me more than I sell you, so you must

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Speaker 2: be ripping me off. Twenty four away from five.

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Speaker 1: It's the world wires on news dogs going.

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Speaker 2: In the States. In the Senate, they voted to overturn

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Speaker 2: Trump's tariffs on Canada. The Democratic Senator Tim Kaine proposed

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Speaker 2: a resolution to cancel the emergency powers that Trump is

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Speaker 2: using to do this. You know, has Fenton All et cetera.

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Speaker 2: And four Republican senators broke ranks to get the resolution

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Speaker 2: through his main senator, Susan Collins. She was one of

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Speaker 2: the Republicans that broke ranks.

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Speaker 14: The main economy he is integrated with Canada. The tariffs

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Speaker 14: sun Canada would be detrimental to many mean families.

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Speaker 2: Anyway, It's not going to go anywhere because the Republicans

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Speaker 2: control the House. So now, Trump has put a ten

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Speaker 2: percent tariff on all goods from Australia except pharmaceuticals and

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Speaker 2: some critical minerals. He singled out Australia because of its

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Speaker 2: span on US beef is Elbow.

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Speaker 15: President Trump referred to reciprocal tariffs. A reciprocal tariff would

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Speaker 15: be zero, not ten percent. The Administration's tariffs have no

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Speaker 15: basis in logic.

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Speaker 2: There we go. Elbow sums it up. Finally this afternoon

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Speaker 2: to me, A straight German shepherd from California that was

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Speaker 2: rehomed in Alaska after the LA wildfires has decided to

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Speaker 2: embrace a more wild lifestyle. Jackie has escaped her new

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Speaker 2: owners and now living in a nearby forest. Animal control

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Speaker 2: has tried to retrieve Draggy by using traps baited with cheeseburgers.

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Speaker 2: So far, she's resisted temptation and stayed one step ahead

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Speaker 2: of them out there on her own.

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Speaker 1: International correspondence with Ends and Eye Insurance Peace of mind

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Speaker 1: for New Zealand business.

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Speaker 2: Murray Older is with US Australia correspondent Murray Good afternoon,

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Speaker 2: Hey mate. How you going?

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Speaker 16: Yeah?

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Speaker 17: Good?

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Speaker 2: Thank you. So I thought I albo sum that up

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Speaker 2: quite well. Just doesn't make a lot of.

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Speaker 13: Sense, makes no sense at all. I mean percent and

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Speaker 13: all Australian exports and every other country's exports into America

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Speaker 13: make those imports at their end, the imports that they

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Speaker 13: take from US and you and every other country around

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Speaker 13: the world just makes them ten percent more expensive. And

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Speaker 13: I'll give you the example. I mean, he's talking about

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Speaker 13: Australian beef exports to the United States worth three point

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Speaker 13: three billion dollars last week. Now I'm not a farmer,

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Speaker 13: but I did see a stat a couple of weeks back. Now,

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Speaker 13: Australia supplies almost fifty percent of the beef consumed in America.

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Speaker 13: Apparently now most of that goes into hamburgers, because apparently

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Speaker 13: the Australian beef sold into America is particularly lean, and

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Speaker 13: that's what they like so he says, oh, you know,

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Speaker 13: you're not allowing any beef imports from America to get

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Speaker 13: into Australia. But that's because we've got biosecurity rules you

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Speaker 13: half with, the same as New Zealand's got biosecurity rules.

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Speaker 16: You can't have.

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Speaker 13: Stuff coming in, agricultural products coming in that aren't one

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Speaker 13: hundred and one percent Reggie Didge in terms of biosecurity,

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Speaker 13: it's everything that this country stands for, same as New Zealand.

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Speaker 13: You can't have I mean, the risk of foot and mouth,

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Speaker 13: forget it, it's just not worth it. So he can

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Speaker 13: fulminate all he likes in waivers arms around the Orange

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Speaker 13: half with but under no circumstance. And this is both

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Speaker 13: sides of politics. Over here, Dutton is also backing Alban

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Speaker 13: easy and saying no way known we're going to compromise

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Speaker 13: on that. But naturally we're in an election campaign. So

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Speaker 13: Peter Dutton says, oh, you know the Prime Minister is

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Speaker 13: missing an action. Was the quote I heard today. Peter

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Speaker 13: Dutton might be better off Ryan having a look at

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Speaker 13: his own back bench because there's a bunch of nervous

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Speaker 13: now he's in there thinking Peter Dutton is driving the

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Speaker 13: campaign to this point straight down the toilet. They insisting

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Speaker 13: this is all anonymous and you know it leaks to

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Speaker 13: even the Murdoch Press over here, which is just absolutely

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Speaker 13: red hot for Peter Dutton. They are saying, Pete, come on,

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Speaker 13: so put out some policies. All we know so far

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Speaker 13: is about he's going to repeal a tax cut for

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Speaker 13: every Australian. They're going to need more than that between

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Speaker 13: now an election day.

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Speaker 2: All right, Well he's got about a month now. One

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Speaker 2: hundred and fifty thousand livestock have died in Queensland's outback.

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Speaker 2: What's this about?

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Speaker 13: Yeah, dreadful, dreadful, dreadful. Well, they've had so much rain

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Speaker 13: out in that it's called the Channel Country. It's way

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Speaker 13: out west in western Queensland. You know, it's very popular

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Speaker 13: of course with the gray nomads who crisscross the country,

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Speaker 13: you know, year round. It's a beautiful country out there.

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Speaker 13: Apparently I've never been there. Oh no, I have been

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Speaker 13: to long reach of beg your pardon, but I'm talking

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Speaker 13: beyond long read. So there are these channels that have

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Speaker 13: been there for millennia and whenever it rains, these channels

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Speaker 13: feed down through the very complex river systems that they've

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Speaker 13: got out there. The thing is, it's so flat, it

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Speaker 13: basically just sits there. It trickles out. You're going to

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Speaker 13: have Lake Air full for the first time they reckon

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Speaker 13: in over half a century. That's how much rain has

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Speaker 13: been And apparently that is the most magnificent site you'll

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Speaker 13: see in your life. There are water birds coming from

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Speaker 13: all over Asia, all over Australia to go to Lake Air.

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Speaker 13: All the most beautiful carpets of flowers that pop up.

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Speaker 13: But it's terrible for producers. Beat producers, Goats, sheep, horses,

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Speaker 13: all manner of livestock are gone.

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Speaker 17: You've got.

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Speaker 13: The stat I saw twenty nineteen. There was a huge

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Speaker 13: flooding disaster up there. In that flood in twenty nineteen,

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Speaker 13: they lost six hundred and fifty thousand head of livestock

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Speaker 13: and that costs two billion dollars. So it's not on

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Speaker 13: that scale, but boy boy, it's the last thing they want.

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Speaker 13: The poor buggers are doing it really really tough out there,

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Speaker 13: and now they've lost all their livestock. Roads are watched away,

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Speaker 13: fences are gone. The repair bill is going to be enormous.

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Speaker 2: Yeah, it is tough for them. Murray, thank you for that. Murray.

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Speaker 2: Old's are Australia correspondent. Nineteen away from five. Now the

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Speaker 2: Labor Party made such a song and dance. Well, I

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Speaker 2: mean all parties in opposition did about the Treaty Principal's

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Speaker 2: Bill when it was first proposed by the Act Party

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Speaker 2: and the Government said you will look at it for

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Speaker 2: a first reading and nothing beyond that. They said, that

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Speaker 2: is outrageous. This is going to be one of the

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Speaker 2: most divisive, hate filled, nasty pieces of legislation that's ever

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Speaker 2: come before this Parliament. And we don't want a bar

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Speaker 2: of it. Vote it down. And here we are. They've

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Speaker 2: they've had the submissions and they are wanting to report

437
00:22:52,720 --> 00:22:54,960
Speaker 2: back early so that they can vote the thing down

438
00:22:55,040 --> 00:22:57,080
Speaker 2: early so they can get it out of the Parliament.

439
00:22:57,960 --> 00:23:01,920
Speaker 2: And Labour's not happy. They want the process extended, don't

440
00:23:01,920 --> 00:23:03,480
Speaker 2: can We will explain that after five?

441
00:23:03,720 --> 00:23:07,199
Speaker 1: Very next Politics with centrics credit check your customers and

442
00:23:07,240 --> 00:23:08,280
Speaker 1: get payment certainty.

443
00:23:08,560 --> 00:23:11,560
Speaker 2: Very Soper, Senior political correspondent with us. Very good evening,

444
00:23:11,800 --> 00:23:13,400
Speaker 2: good even afternoon.

445
00:23:13,840 --> 00:23:14,800
Speaker 5: When I was looking dark.

446
00:23:14,840 --> 00:23:18,119
Speaker 2: Now it doesn't it because it's a terrible day, terrible

447
00:23:18,119 --> 00:23:20,359
Speaker 2: Whether it really does feel like things that are. And

448
00:23:20,680 --> 00:23:23,560
Speaker 2: of course the storm clouds are gathering on the trade

449
00:23:23,600 --> 00:23:24,120
Speaker 2: front too.

450
00:23:24,320 --> 00:23:27,560
Speaker 7: Absolutely, do you know I was thinking today, Ryan about

451
00:23:27,680 --> 00:23:29,800
Speaker 7: trade and where the world's come from.

452
00:23:29,920 --> 00:23:30,160
Speaker 16: Now.

453
00:23:30,600 --> 00:23:33,280
Speaker 7: I remember, before your time. It was in nineteen ninety

454
00:23:33,359 --> 00:23:37,240
Speaker 7: four I went to Bogor in Indonesia. Your older listeners

455
00:23:37,280 --> 00:23:41,639
Speaker 7: will remember it, and the APEC leaders they signed up

456
00:23:41,960 --> 00:23:44,919
Speaker 7: to what they said were common goals of free and

457
00:23:45,119 --> 00:23:50,280
Speaker 7: open trade and investment by two thy and ten for

458
00:23:50,400 --> 00:23:55,680
Speaker 7: industrialized countries in twenty twenty for developing economies. You won't

459
00:23:55,720 --> 00:23:58,119
Speaker 7: remember this, but I said on radio at the time

460
00:23:58,680 --> 00:24:03,320
Speaker 7: it'll never happen. It can happen because most of the leaders,

461
00:24:03,359 --> 00:24:06,399
Speaker 7: while all of them but one would be gone by

462
00:24:06,440 --> 00:24:08,960
Speaker 7: the time any of these dates were realized. And the

463
00:24:09,000 --> 00:24:12,360
Speaker 7: one who would be less left was the Sultan of Brunei,

464
00:24:12,840 --> 00:24:15,119
Speaker 7: And from my knowledge, I think he's still there, but

465
00:24:15,600 --> 00:24:17,639
Speaker 7: the rest of them have gone. Bill Clinton was in

466
00:24:17,720 --> 00:24:20,919
Speaker 7: office for the US. Jim Bolger we were traveling with

467
00:24:21,000 --> 00:24:25,679
Speaker 7: him and Paul Keating from Australia, who once called me

468
00:24:26,880 --> 00:24:30,119
Speaker 7: a maggot and told his mind is to get me

469
00:24:30,160 --> 00:24:33,119
Speaker 7: away from him. But well it was a blowfly fly.

470
00:24:33,240 --> 00:24:36,159
Speaker 7: Actually it wasn't a magot, and you know it attracts blowflies.

471
00:24:36,160 --> 00:24:39,560
Speaker 7: As I commented after he made the remark, But when

472
00:24:39,600 --> 00:24:43,159
Speaker 7: you look at the ten percent tariff, now it's not

473
00:24:43,280 --> 00:24:46,119
Speaker 7: as high as some were feeling. But that's not a

474
00:24:46,160 --> 00:24:48,879
Speaker 7: good thing, because a tariff is a tariff. And I

475
00:24:48,920 --> 00:24:52,680
Speaker 7: can't understand why Donald Trump would ever think that by

476
00:24:52,720 --> 00:24:59,800
Speaker 7: imposing tariff's unilaterally, that it's going to make America a

477
00:25:00,119 --> 00:25:03,439
Speaker 7: your country. That may happen over decades, but it's not

478
00:25:03,440 --> 00:25:07,520
Speaker 7: going to happen overnight. All the cars now are made

479
00:25:07,520 --> 00:25:12,040
Speaker 7: outside Mexico and Canada make the cars for America. They

480
00:25:12,080 --> 00:25:14,800
Speaker 7: do assemble them in America, but they'll all go up

481
00:25:14,880 --> 00:25:18,280
Speaker 7: because of the steel and what have you. It's it's

482
00:25:18,359 --> 00:25:21,840
Speaker 7: just incredible, and that I know. All the boffins and

483
00:25:21,880 --> 00:25:25,480
Speaker 7: the beehive were gathered around today to watch Trump make

484
00:25:25,520 --> 00:25:29,000
Speaker 7: this announcement and they couldn't understand the figure that he

485
00:25:29,200 --> 00:25:33,040
Speaker 7: used that New Zealand ter on there.

486
00:25:33,240 --> 00:25:35,560
Speaker 2: People have been trying to unpick that number all day. Barry,

487
00:25:35,920 --> 00:25:37,720
Speaker 2: we'll give it a go over Tom McLay after five.

488
00:25:38,400 --> 00:25:41,560
Speaker 2: But interesting, yeah, he says, it was interesting listening to

489
00:25:41,640 --> 00:25:43,920
Speaker 2: him talk about war. I mean, he says we need

490
00:25:43,960 --> 00:25:46,840
Speaker 2: to be strong and we need to have the manufacturing

491
00:25:46,880 --> 00:25:48,760
Speaker 2: base should we be at war.

492
00:25:49,200 --> 00:25:51,960
Speaker 7: Yeah, you know, so what does that tell you about

493
00:25:51,960 --> 00:25:55,560
Speaker 7: his psyche? Well, and about America that if there was

494
00:25:55,600 --> 00:25:59,720
Speaker 7: a war, America would be well, it would be anyway.

495
00:25:59,320 --> 00:26:01,320
Speaker 2: But it's in there sort of. But I was thinking,

496
00:26:01,320 --> 00:26:03,439
Speaker 2: isn't that sort of what we want them to be thinking?

497
00:26:03,560 --> 00:26:07,639
Speaker 2: Like because like it or though that China's coming, right,

498
00:26:08,080 --> 00:26:10,439
Speaker 2: So if they're not thinking about how they might be

499
00:26:10,520 --> 00:26:13,399
Speaker 2: on a war footing, then who is I.

500
00:26:13,800 --> 00:26:15,320
Speaker 7: Hope we're not thinking about war?

501
00:26:15,359 --> 00:26:16,399
Speaker 2: Well, I mean I hope we're not.

502
00:26:16,680 --> 00:26:19,399
Speaker 7: I lived through the Cold War and it was fantastic that.

503
00:26:20,000 --> 00:26:22,359
Speaker 7: I don't think anybody's failed as safe. And I'm a

504
00:26:22,400 --> 00:26:25,399
Speaker 7: baby boomer of course, as as Donald Trump, as is

505
00:26:25,440 --> 00:26:26,240
Speaker 7: Winston Peters.

506
00:26:26,480 --> 00:26:27,880
Speaker 2: I mean, you could argue we're in a cold war

507
00:26:28,000 --> 00:26:28,440
Speaker 2: right now.

508
00:26:28,640 --> 00:26:30,480
Speaker 7: Well you could, yeah, although it's.

509
00:26:30,359 --> 00:26:33,400
Speaker 2: Anyway, we're getting a bit off track here. The Treaty's

510
00:26:33,720 --> 00:26:36,840
Speaker 2: Treaty Principal's Bill is going to be reported back tomorrow. Berry.

511
00:26:36,960 --> 00:26:41,040
Speaker 7: Now you said it all really that Labour's Justice spokesman Duncan.

512
00:26:41,320 --> 00:26:43,280
Speaker 5: I know you're going to have them on here.

513
00:26:43,320 --> 00:26:48,160
Speaker 7: They were they were screaming about this bill being wasted

514
00:26:48,280 --> 00:26:52,080
Speaker 7: time on through the parliamentary process. They all to a

515
00:26:52,119 --> 00:26:54,520
Speaker 7: person and the Labor Party said it was a disgrace.

516
00:26:54,800 --> 00:26:59,000
Speaker 7: The government was wasting parliamentary time. Yeah, dangerous, it was

517
00:26:59,520 --> 00:27:02,919
Speaker 7: creating danger. And here's Dunk and Webb now saying it

518
00:27:03,000 --> 00:27:04,200
Speaker 7: should have been extended.

519
00:27:04,240 --> 00:27:06,360
Speaker 5: We should have. They've they've had.

520
00:27:06,200 --> 00:27:10,119
Speaker 7: Three hundred submissions to this bill. Ninety five percent of

521
00:27:10,160 --> 00:27:13,240
Speaker 7: them are opposed to it. Can you expect to Select

522
00:27:13,280 --> 00:27:16,480
Speaker 7: Committee to sit there day after day after day listening

523
00:27:16,560 --> 00:27:19,080
Speaker 7: to the same opposition to the bill? They closed it

524
00:27:19,119 --> 00:27:22,680
Speaker 7: off at one hundred and fifty submissions. Now the bill

525
00:27:23,040 --> 00:27:27,439
Speaker 7: will be back in Parliament tomorrow. Parliament's not sitting, of course,

526
00:27:27,680 --> 00:27:31,040
Speaker 7: but it can report a bill back and next week

527
00:27:31,080 --> 00:27:34,840
Speaker 7: it's expected people around the beehive that I've talked to today

528
00:27:34,840 --> 00:27:37,120
Speaker 7: that it'll be gone by next week.

529
00:27:37,240 --> 00:27:38,160
Speaker 5: There will be a vote.

530
00:27:38,200 --> 00:27:40,960
Speaker 7: The interesting thing to me is are you going to

531
00:27:40,960 --> 00:27:44,879
Speaker 7: see a repeat performance by the Maldi Party and the Hucker.

532
00:27:45,000 --> 00:27:47,119
Speaker 2: No, I'm sure you will. Hrey Audrey Young had some

533
00:27:47,160 --> 00:27:48,880
Speaker 2: good advice for them. When they do do it, wait

534
00:27:48,920 --> 00:27:49,920
Speaker 2: till the vote's finished.

535
00:27:50,320 --> 00:27:52,880
Speaker 16: A show.

536
00:27:52,920 --> 00:27:56,840
Speaker 7: Everybody that you know it's sacrilegious to interrupt the debate,

537
00:27:57,000 --> 00:27:59,520
Speaker 7: right right, Mara Pardi don't know the rules clearly of.

538
00:27:59,480 --> 00:28:02,040
Speaker 2: Parliament's speaking of and the Greens. You've got a final

539
00:28:02,119 --> 00:28:03,240
Speaker 2: note on these two, Barry.

540
00:28:03,359 --> 00:28:05,800
Speaker 7: Well, look I was going to go on like a

541
00:28:05,800 --> 00:28:10,080
Speaker 7: crack record about profit today and the Greens came up again,

542
00:28:10,640 --> 00:28:12,600
Speaker 7: it came up. But I'm not I'm not running anything.

543
00:28:12,600 --> 00:28:17,040
Speaker 7: Don't worry about that. Chloe Swarbrick, Madam and Davidson. They've

544
00:28:17,080 --> 00:28:19,800
Speaker 7: been banging on about it for ages now and now

545
00:28:19,920 --> 00:28:24,760
Speaker 7: we see Riccardo Mendendez Menendez. Now this is ants our

546
00:28:25,000 --> 00:28:29,520
Speaker 7: technical producer said, Barry was mispronounced this Menendez.

547
00:28:29,560 --> 00:28:32,760
Speaker 2: I never want to interrupt your flow. I never said

548
00:28:32,760 --> 00:28:33,240
Speaker 2: anything but.

549
00:28:34,600 --> 00:28:38,719
Speaker 7: Yes, exactly. Well, he today banged on about profit and

550
00:28:39,120 --> 00:28:45,840
Speaker 7: that's businesses that run GPS organizations, you know practices. He said,

551
00:28:45,880 --> 00:28:49,760
Speaker 7: why should they make a profit? Hello? But anyway, the

552
00:28:49,800 --> 00:28:53,520
Speaker 7: other thing was that you know the Maori Party, what

553
00:28:53,600 --> 00:28:56,360
Speaker 7: will the Privileges Committee do with them? Well, what they

554
00:28:56,400 --> 00:28:59,080
Speaker 7: can do, and I think the Maldi Party painted themselves

555
00:28:59,080 --> 00:29:01,960
Speaker 7: into a corner. I think they've made it very difficult

556
00:29:01,960 --> 00:29:06,160
Speaker 7: for the Privileges Committee to be anything but hard on them.

557
00:29:06,400 --> 00:29:10,120
Speaker 7: What they can do is they can have their pay

558
00:29:10,160 --> 00:29:13,160
Speaker 7: breached between three hundred and four hundred dollars a day,

559
00:29:13,520 --> 00:29:16,680
Speaker 7: depending on their salary. Of course, there's if there's no

560
00:29:16,800 --> 00:29:20,280
Speaker 7: appearance with the committee, the suspension, they can be suspended

561
00:29:20,280 --> 00:29:23,680
Speaker 7: from Parliament. It's going it'll probably be longer, so they

562
00:29:23,720 --> 00:29:27,240
Speaker 7: could be out on the outside looking in. And it's

563
00:29:27,280 --> 00:29:30,760
Speaker 7: taken as red that they won't apologize for the hucker

564
00:29:31,160 --> 00:29:37,360
Speaker 7: that they made. So the whole Privileges Committee that White

565
00:29:37,400 --> 00:29:41,280
Speaker 7: Tea called silly or meaningless, I'm sorry he might find

566
00:29:41,320 --> 00:29:42,360
Speaker 7: they do have some meaning.

567
00:29:42,560 --> 00:29:45,320
Speaker 2: Yeah, absolutely, Barry, thank you very much for that. Barry Soper,

568
00:29:45,400 --> 00:29:48,480
Speaker 2: senior political correspondent here at News Talks, said, be we

569
00:29:48,520 --> 00:29:50,479
Speaker 2: will get to Todd McLay after five. We will get

570
00:29:50,520 --> 00:29:52,800
Speaker 2: to Duncan Web as well on both of those issues.

571
00:29:53,080 --> 00:29:55,800
Speaker 2: Coming up next. A little bit for you on gold

572
00:29:55,920 --> 00:29:57,800
Speaker 2: and a little bit for you out of Cay Colda

573
00:29:57,880 --> 00:30:02,400
Speaker 2: on the whale that it helped. Unfortunately think a vessel

574
00:30:02,480 --> 00:30:04,880
Speaker 2: there a couple of years ago. We've had a Taiic

575
00:30:05,080 --> 00:30:05,640
Speaker 2: report on that.

576
00:30:06,480 --> 00:30:10,920
Speaker 1: Putting the tough questions to the newspeakers, the Mic Hosking Breakfast.

577
00:30:10,520 --> 00:30:12,040
Speaker 2: Donald Trump a reasons that allude me.

578
00:30:12,080 --> 00:30:15,360
Speaker 18: He doesn't understand terrafs start Mouth Economics Professor Douglas zeroanshether.

579
00:30:15,400 --> 00:30:17,200
Speaker 18: I don't know if you realize this, Douglas. In nineteen eighty

580
00:30:17,200 --> 00:30:19,840
Speaker 18: two eighty three, we became free traders. We're there colonys

581
00:30:19,840 --> 00:30:22,240
Speaker 18: of free trade in the world building and so we

582
00:30:22,320 --> 00:30:25,080
Speaker 18: just don't get this. This is economic insanity. How does

583
00:30:25,120 --> 00:30:26,520
Speaker 18: it get explained to the American people?

584
00:30:26,520 --> 00:30:28,160
Speaker 19: Well, I think they're going to feel it very soon

585
00:30:28,200 --> 00:30:28,960
Speaker 19: in their pocketbook.

586
00:30:28,960 --> 00:30:30,240
Speaker 9: We talked about Liberation Days.

587
00:30:30,280 --> 00:30:32,360
Speaker 19: Some other people are calling it watch your wallet, Dame.

588
00:30:32,400 --> 00:30:34,520
Speaker 19: With twenty five percent tariffs on cars, that's going to

589
00:30:34,520 --> 00:30:36,600
Speaker 19: push up the face of new cars and used cars

590
00:30:36,600 --> 00:30:39,520
Speaker 19: Alake let alone, the steel and the parts involved as well,

591
00:30:39,720 --> 00:30:42,800
Speaker 19: and so it's not going to sort of reindustrialize America

592
00:30:42,840 --> 00:30:43,840
Speaker 19: the way the President wants.

593
00:30:43,880 --> 00:30:45,800
Speaker 20: It's just going to cost Americans a lot back.

594
00:30:45,840 --> 00:30:48,440
Speaker 18: Tomorrow at six am, the Mic Hosking Breakfast with the

595
00:30:48,520 --> 00:30:50,320
Speaker 18: Rain Drover, THELA News Talk.

596
00:30:50,200 --> 00:30:53,120
Speaker 2: ZB five away from five. You might remember this really

597
00:30:53,240 --> 00:30:56,560
Speaker 2: sad case out of Cay Colda was five people who

598
00:30:56,640 --> 00:30:58,680
Speaker 2: lost their lives. It was a charter boat. They were

599
00:30:58,720 --> 00:31:03,000
Speaker 2: bird watching and struck a whale and then capsized while

600
00:31:03,000 --> 00:31:05,520
Speaker 2: they were on this trip, so sadly, five people lost

601
00:31:05,520 --> 00:31:09,000
Speaker 2: their lives. Today we've had the Transport Accident Investigation Commission

602
00:31:09,040 --> 00:31:13,560
Speaker 2: report and a couple of things come to we'll stick out.

603
00:31:14,280 --> 00:31:18,560
Speaker 2: One is the EPERB. The locator beacon for want of

604
00:31:18,600 --> 00:31:21,760
Speaker 2: a better term, was in the right place on the boat,

605
00:31:21,880 --> 00:31:23,840
Speaker 2: and it was working and it was the right size,

606
00:31:23,840 --> 00:31:27,920
Speaker 2: and everything was good. But once you're capsized, you know,

607
00:31:28,000 --> 00:31:30,040
Speaker 2: once you're upside down, you can't get to it. So

608
00:31:30,080 --> 00:31:33,840
Speaker 2: they are recommending that each crew member on a passenger

609
00:31:34,640 --> 00:31:38,120
Speaker 2: vessel should have to carry a located beacon at all times,

610
00:31:38,240 --> 00:31:40,800
Speaker 2: you know, if you're taking terrists out, so that if

611
00:31:40,840 --> 00:31:42,560
Speaker 2: there will be more chance that there will be more

612
00:31:42,560 --> 00:31:44,680
Speaker 2: people with one who might be on the outside of

613
00:31:44,680 --> 00:31:46,640
Speaker 2: an upturned vessel, and that would help. The other thing

614
00:31:46,720 --> 00:31:50,160
Speaker 2: was the life jackets. There were people, sadly, who were

615
00:31:50,200 --> 00:31:54,640
Speaker 2: trapped in ear pockets underneath the upturned vessel. They're unsure

616
00:31:54,720 --> 00:31:58,280
Speaker 2: exactly obviously what happened to them, But the idea of

617
00:31:58,320 --> 00:32:00,400
Speaker 2: a life jacket is obviously a good thing because it

618
00:32:00,480 --> 00:32:04,520
Speaker 2: keeps you afloat. But if you're in that particular situation,

619
00:32:04,680 --> 00:32:06,520
Speaker 2: then obviously you want to get it off so that

620
00:32:06,560 --> 00:32:10,000
Speaker 2: you can dive under and get out. So they just

621
00:32:10,120 --> 00:32:13,520
Speaker 2: are talking about did we have enough education for people

622
00:32:13,560 --> 00:32:16,920
Speaker 2: around life jackets and how you should potentially deal with

623
00:32:16,960 --> 00:32:19,800
Speaker 2: a situation like that. It has just gone four minutes

624
00:32:19,840 --> 00:32:20,520
Speaker 2: away from five.

625
00:32:20,880 --> 00:32:21,680
Speaker 20: Ryan Bridge.

626
00:32:21,800 --> 00:32:23,479
Speaker 2: Now, if you were listening yesterday, I see go and

627
00:32:23,480 --> 00:32:26,120
Speaker 2: buy gold. In fact, we've been saying this for ages now,

628
00:32:26,160 --> 00:32:29,560
Speaker 2: haven't we haven't we ant go and buy gold, Go

629
00:32:29,560 --> 00:32:33,720
Speaker 2: and buy some European stocks, get out of America, and

630
00:32:34,000 --> 00:32:37,560
Speaker 2: in particular, go and invest in some defense stocks in Europe.

631
00:32:37,960 --> 00:32:40,120
Speaker 2: You know, if you're into a bit of German arms dealing,

632
00:32:40,160 --> 00:32:44,560
Speaker 2: then why not. Anyway, Gold three and thirty six dollars

633
00:32:44,680 --> 00:32:46,720
Speaker 2: way above the three thousand we reported just a couple

634
00:32:46,760 --> 00:32:48,720
Speaker 2: of weeks ago. Todd McClay.

635
00:32:48,880 --> 00:32:51,080
Speaker 21: Past performance does not guarantee picture performance. This is not

636
00:32:51,160 --> 00:32:52,720
Speaker 21: lost up financial advice.

637
00:32:52,560 --> 00:32:55,720
Speaker 2: Quite right, and thank you Todd McLay, the Trade Minister.

638
00:32:55,800 --> 00:33:21,640
Speaker 12: Up next.

639
00:33:11,080 --> 00:33:16,560
Speaker 1: Questions, answers, facts, analysis, the drive show you trust for

640
00:33:16,640 --> 00:33:20,200
Speaker 1: the full picture? Brian Bridge on hither duplicy Ellen drive

641
00:33:20,440 --> 00:33:22,920
Speaker 1: with one New Zealand let's get connected.

642
00:33:23,080 --> 00:33:23,880
Speaker 20: News talks 'b.

643
00:33:24,200 --> 00:33:26,520
Speaker 2: Good evening, it is seven after five. News talks 'b

644
00:33:26,760 --> 00:33:29,240
Speaker 2: just gone every Well, it's Thursday, the third of April.

645
00:33:29,320 --> 00:33:31,920
Speaker 2: Great to have your company ten percent. That's the teriff

646
00:33:31,960 --> 00:33:34,800
Speaker 2: right that Trump's slapping on KeyWe ex sports stateside. It'll

647
00:33:34,840 --> 00:33:37,600
Speaker 2: affect the nine billion dollars worth of goods that we're

648
00:33:37,640 --> 00:33:41,400
Speaker 2: seeing that as our second largest market for goods. Of course,

649
00:33:41,480 --> 00:33:45,360
Speaker 2: there are indirect consequences as well through our Asian partners.

650
00:33:45,800 --> 00:33:47,880
Speaker 2: But right now we're going to the Trade Minister Tom McLay.

651
00:33:47,880 --> 00:33:50,360
Speaker 20: Good evening, Minister Ryan, good afternoon.

652
00:33:50,360 --> 00:33:52,640
Speaker 2: Good to have you on the show. So I know

653
00:33:52,680 --> 00:33:56,320
Speaker 2: you're going to go back and question this number in Washington.

654
00:33:56,360 --> 00:33:57,760
Speaker 2: Have you had any update from that?

655
00:33:58,600 --> 00:33:59,920
Speaker 16: Do you mean the twenty percent?

656
00:34:00,240 --> 00:34:01,040
Speaker 2: Yeah?

657
00:34:01,400 --> 00:34:04,200
Speaker 22: Yeah, So what they've done is when President Trump put

658
00:34:04,280 --> 00:34:06,440
Speaker 22: up the comparison all the countries that showed that New

659
00:34:06,480 --> 00:34:10,200
Speaker 22: Zealand's tariff rates for exports from the US and New

660
00:34:10,280 --> 00:34:13,800
Speaker 22: Zealand's twenty percent and therefore the ten percent tariff levied

661
00:34:13,840 --> 00:34:14,160
Speaker 22: on us.

662
00:34:14,719 --> 00:34:16,400
Speaker 16: They have published some more information.

663
00:34:16,560 --> 00:34:18,759
Speaker 22: Of course, it's nighttime there, so our officials will get

664
00:34:18,760 --> 00:34:21,560
Speaker 22: into it first thing when they're away. It looks like

665
00:34:21,600 --> 00:34:23,920
Speaker 22: what they've done is they've taken the amount that we

666
00:34:24,040 --> 00:34:28,520
Speaker 22: export to them minus the amount that they export to us.

667
00:34:28,719 --> 00:34:31,040
Speaker 22: There's a twenty percent difference, and they've just said, well,

668
00:34:31,040 --> 00:34:33,360
Speaker 22: that's the difference in the tariff rate, which is not

669
00:34:33,800 --> 00:34:36,280
Speaker 22: our tariff rate for a US selling into New Zealand

670
00:34:36,360 --> 00:34:38,959
Speaker 22: on average is one point nine percent. We face about

671
00:34:38,960 --> 00:34:41,759
Speaker 22: two point two percent up there. But we'll be discussing

672
00:34:41,760 --> 00:34:46,800
Speaker 22: that with them tomorrow and providing some clarity. Irrespective of that,

673
00:34:46,880 --> 00:34:49,200
Speaker 22: the lowest tariff rate they are putting on anybody in

674
00:34:49,280 --> 00:34:52,000
Speaker 22: the world is ten percent across the board, So even

675
00:34:52,040 --> 00:34:54,239
Speaker 22: if we move that number around, it's not clear that

676
00:34:54,320 --> 00:34:57,759
Speaker 22: we would fall below ten percent Australia. Many other countries

677
00:34:57,800 --> 00:35:01,680
Speaker 22: are in the same same category as we are. Although

678
00:35:01,719 --> 00:35:03,920
Speaker 22: compared to I suppose the Europeans that are facing a

679
00:35:03,960 --> 00:35:07,400
Speaker 22: thirty four percent tariff rate is challenging as this is

680
00:35:07,440 --> 00:35:10,440
Speaker 22: for our exporters, they are no worse off when it

681
00:35:10,480 --> 00:35:13,440
Speaker 22: comes to competing its other exports to the US as

682
00:35:13,440 --> 00:35:14,880
Speaker 22: a result of this, Yeah.

683
00:35:14,719 --> 00:35:17,160
Speaker 2: Would you call it the best case scenario in a way?

684
00:35:17,520 --> 00:35:20,680
Speaker 22: It's Look, it's much better than many countries most certainly.

685
00:35:21,200 --> 00:35:23,600
Speaker 22: But teriff rates put on New Zealand exports is not

686
00:35:23,640 --> 00:35:24,080
Speaker 22: a good thing.

687
00:35:25,040 --> 00:35:28,600
Speaker 2: Number that's wrong, isn't it.

688
00:35:28,719 --> 00:35:31,640
Speaker 22: So it is wrong and it is wrong. And as

689
00:35:31,719 --> 00:35:33,680
Speaker 22: far as that is not the tariff rates we put

690
00:35:33,680 --> 00:35:35,880
Speaker 22: in place. I think the highest tariff rate we have

691
00:35:35,960 --> 00:35:37,719
Speaker 22: on anything that the US can send to US is

692
00:35:37,760 --> 00:35:40,319
Speaker 22: about five percent. But it looks like they've used a

693
00:35:40,400 --> 00:35:43,799
Speaker 22: different type of calculation as to balance of trade as

694
00:35:43,800 --> 00:35:45,440
Speaker 22: opposed to tariff rate for some reason.

695
00:35:45,520 --> 00:35:48,160
Speaker 2: But they clearly said on that. You know the chart

696
00:35:48,200 --> 00:35:51,520
Speaker 2: that Trump held up said New Zealand that the rate

697
00:35:51,680 --> 00:35:56,640
Speaker 2: that America is charged teriff rate. Charge That is wrong,

698
00:35:56,719 --> 00:35:57,080
Speaker 2: isn't it.

699
00:35:57,360 --> 00:35:58,520
Speaker 16: That's that is not correct.

700
00:35:58,600 --> 00:35:59,040
Speaker 5: That's right.

701
00:35:59,120 --> 00:36:03,400
Speaker 22: The average the average rate that US pays on experts

702
00:36:03,440 --> 00:36:05,160
Speaker 22: in New Zealand is one point nine percent.

703
00:36:05,960 --> 00:36:08,880
Speaker 2: So why are they using this weird calculation on the

704
00:36:08,920 --> 00:36:13,759
Speaker 2: trade deficit and then you know somehow relating that to

705
00:36:13,800 --> 00:36:14,480
Speaker 2: a terif rate.

706
00:36:15,280 --> 00:36:17,640
Speaker 22: Yeah, it's really not clear, and that those would be

707
00:36:17,640 --> 00:36:19,520
Speaker 22: one of the things that we're asking officials to sort

708
00:36:19,560 --> 00:36:22,120
Speaker 22: of clarify and discuss.

709
00:36:22,080 --> 00:36:23,280
Speaker 16: With the US.

710
00:36:23,920 --> 00:36:26,320
Speaker 22: I mean, at the one level, what they are probably

711
00:36:26,360 --> 00:36:30,080
Speaker 22: saying as the USS two trillion dollar trade deficit, we

712
00:36:30,120 --> 00:36:33,080
Speaker 22: want people around the world to buy more from US.

713
00:36:33,440 --> 00:36:35,960
Speaker 22: In fact, in the New Zealand economy, the tariff rates

714
00:36:35,960 --> 00:36:37,960
Speaker 22: are low. There are no restrictions as to what you

715
00:36:38,040 --> 00:36:40,359
Speaker 22: can sell to New Zealand from the US or many

716
00:36:40,400 --> 00:36:42,839
Speaker 22: other countries, and so we don't have those barriers. What

717
00:36:42,880 --> 00:36:46,040
Speaker 22: they've also said, though, is I suppose is that there

718
00:36:46,040 --> 00:36:48,160
Speaker 22: are a group of countries where we put ten percent

719
00:36:48,280 --> 00:36:51,800
Speaker 22: on that's the minimum that anybody has. These are countries

720
00:36:51,880 --> 00:36:54,240
Speaker 22: we are not as worried about, or were worry less about.

721
00:36:54,520 --> 00:36:55,480
Speaker 16: Their focus is.

722
00:36:55,440 --> 00:36:58,560
Speaker 22: On Canada and the European Union, in China and many

723
00:36:58,600 --> 00:37:01,160
Speaker 22: other countries of the world, where it ranges from twenty

724
00:37:01,160 --> 00:37:03,799
Speaker 22: percent I think over forty percent in some cases. And

725
00:37:03,840 --> 00:37:06,840
Speaker 22: so you know, as you said earlier, the rates of

726
00:37:06,880 --> 00:37:10,400
Speaker 22: New Zealand has applied against us, are you know, better

727
00:37:10,440 --> 00:37:12,360
Speaker 22: than many although a ten percent is still going to

728
00:37:12,360 --> 00:37:14,640
Speaker 22: be challenging from some of our exports up into that market.

729
00:37:14,760 --> 00:37:16,800
Speaker 2: Have you had just finy, Have you had any update,

730
00:37:16,800 --> 00:37:19,279
Speaker 2: because I know your officials are working on trying to

731
00:37:19,360 --> 00:37:21,440
Speaker 2: let you know what the economic impact of all of

732
00:37:21,440 --> 00:37:23,520
Speaker 2: this might be. Now that we have numbers, Do you

733
00:37:23,600 --> 00:37:24,200
Speaker 2: have a number?

734
00:37:24,880 --> 00:37:27,080
Speaker 22: So they're working through that very very quickly for us,

735
00:37:27,120 --> 00:37:29,200
Speaker 22: because although they did a bit of modeling, of course

736
00:37:29,200 --> 00:37:30,960
Speaker 22: I had to wait and see exactly what it'd been.

737
00:37:31,440 --> 00:37:33,560
Speaker 22: So what we see is ten percent across our nine

738
00:37:33,560 --> 00:37:37,160
Speaker 22: billion dollars exports is nine hundred million dollars. But interestingly,

739
00:37:37,680 --> 00:37:39,400
Speaker 22: a lot of this is going to be passed on

740
00:37:39,560 --> 00:37:43,680
Speaker 22: to their consumers. You take the wine that we sell there,

741
00:37:43,880 --> 00:37:47,000
Speaker 22: it'll be ten percent more expensive European wine thirty four

742
00:37:47,040 --> 00:37:50,560
Speaker 22: percent more expensive. They may consumer less or they may

743
00:37:50,640 --> 00:37:53,000
Speaker 22: end up just paying more. And so you know, what

744
00:37:53,040 --> 00:37:57,080
Speaker 22: we do know is tariff rates are inflation, can be inflation. Really,

745
00:37:57,080 --> 00:37:59,920
Speaker 22: they do put up costs for consumers. It's one of

746
00:37:59,920 --> 00:38:02,279
Speaker 22: the reasons that we've been very clear today we're not

747
00:38:02,280 --> 00:38:04,520
Speaker 22: going to retaliate because that would just put up costs

748
00:38:04,560 --> 00:38:06,640
Speaker 22: on New Zealand exporters and drive inflation.

749
00:38:06,719 --> 00:38:07,560
Speaker 20: We won't be doing that us.

750
00:38:07,600 --> 00:38:09,719
Speaker 2: We can't. I mean, we're the small trading nation that could.

751
00:38:09,719 --> 00:38:12,080
Speaker 2: We can't exactly start and whacking people with terrorists. Can

752
00:38:12,120 --> 00:38:16,080
Speaker 2: well appreciate your time trading is to just go on

753
00:38:16,160 --> 00:38:19,759
Speaker 2: twelve minutes after five. Bridge Labor's not happy. The Justice

754
00:38:19,760 --> 00:38:23,120
Speaker 2: Select Committee has finished work on the Treaty Principal's Bill

755
00:38:23,360 --> 00:38:26,400
Speaker 2: a month early. It's apparently going to deliver its report tomorrow.

756
00:38:26,520 --> 00:38:28,880
Speaker 2: It means some submissions will be left on the cutting

757
00:38:28,960 --> 00:38:31,560
Speaker 2: room floor because staff haven't got time to read the bill,

758
00:38:32,080 --> 00:38:34,080
Speaker 2: read them all. I should say, Duncan Websterey just a

759
00:38:34,120 --> 00:38:35,840
Speaker 2: spokesperson with me tonight. Hi, Duncan.

760
00:38:36,880 --> 00:38:37,520
Speaker 23: Good to be here.

761
00:38:38,239 --> 00:38:41,360
Speaker 2: So first you said this is the most dangerous debate

762
00:38:41,400 --> 00:38:43,200
Speaker 2: we could be having. Now you want it to go longer.

763
00:38:44,560 --> 00:38:46,399
Speaker 23: Well, look, if we're going to have it, I think

764
00:38:46,480 --> 00:38:50,560
Speaker 23: parliamentary process doing things right is so important. I don't

765
00:38:50,640 --> 00:38:53,480
Speaker 23: like this bill, I hate it. I want it gone.

766
00:38:53,640 --> 00:38:56,480
Speaker 23: But if we're going to invite people to have the

767
00:38:56,600 --> 00:39:01,239
Speaker 23: essay there's actually that's the critically important thing, then we

768
00:39:01,280 --> 00:39:05,480
Speaker 23: should give them that full opportunity. And I saw boxes

769
00:39:05,560 --> 00:39:09,759
Speaker 23: of submissions that hadn't been processed that no one had

770
00:39:09,800 --> 00:39:13,120
Speaker 23: the opportunity to read unless they went and rifled through

771
00:39:13,160 --> 00:39:16,000
Speaker 23: the boxes themselves, like I did before we reported back

772
00:39:16,000 --> 00:39:18,080
Speaker 23: to the house, and we still got five weeks on

773
00:39:18,120 --> 00:39:20,080
Speaker 23: the clock. We didn't have to have it reported back

774
00:39:20,080 --> 00:39:20,439
Speaker 23: at all.

775
00:39:20,520 --> 00:39:21,920
Speaker 2: Yeah, but why do you want it to go on

776
00:39:22,000 --> 00:39:24,320
Speaker 2: for so much longer? If it's so dangerous and divisive?

777
00:39:24,360 --> 00:39:26,320
Speaker 2: I don't understand. Wouldn't you want this thing to be

778
00:39:26,360 --> 00:39:29,000
Speaker 2: wrapped up and done and dusted and out of everyone's hair?

779
00:39:29,800 --> 00:39:31,560
Speaker 23: Well, because when I went down and looked at those

780
00:39:31,600 --> 00:39:35,520
Speaker 23: submissions that hadn't yet been processed. There were handwritten submissions

781
00:39:35,560 --> 00:39:40,279
Speaker 23: from old people. There were intermediate schools with colored drawings.

782
00:39:40,400 --> 00:39:43,640
Speaker 2: Now they so is it dangerous or not? That doesn't

783
00:39:43,680 --> 00:39:46,320
Speaker 2: sound very dangerous to me. That sounds actually quite healthy.

784
00:39:46,400 --> 00:39:48,759
Speaker 2: That sounds like a democracy. Were you wrong to begin with?

785
00:39:48,840 --> 00:39:54,520
Speaker 23: Duncan at least get the distinction right? I believe in democracy,

786
00:39:54,880 --> 00:39:55,759
Speaker 23: which means.

787
00:39:55,520 --> 00:39:58,000
Speaker 2: That everyone you did when this process started, did you

788
00:39:58,000 --> 00:39:59,440
Speaker 2: because you said it shouldn't have happened.

789
00:40:00,600 --> 00:40:02,880
Speaker 23: The bill should not have happened. The bill is divisive,

790
00:40:03,120 --> 00:40:07,799
Speaker 23: so it was really irresponsible. It was irresponsible to introduce it.

791
00:40:08,000 --> 00:40:11,719
Speaker 23: But once you start the parliamentary train rolling, you don't

792
00:40:11,800 --> 00:40:14,239
Speaker 23: stop it halfway down the track. You let it run

793
00:40:14,280 --> 00:40:14,840
Speaker 23: its course.

794
00:40:15,080 --> 00:40:15,920
Speaker 17: And what what.

795
00:40:15,800 --> 00:40:18,680
Speaker 23: The government parties have done here is they really don't

796
00:40:18,719 --> 00:40:20,440
Speaker 23: like well the National Party doesn't like it as well.

797
00:40:20,480 --> 00:40:22,560
Speaker 23: They're deeply embarrassed by it, so they want to move

798
00:40:22,600 --> 00:40:26,239
Speaker 23: it along. But people deserve the essay. Look, there was

799
00:40:26,239 --> 00:40:29,759
Speaker 23: twenty thousand Hobson's pledge. It's hard missions in there, and

800
00:40:30,320 --> 00:40:32,839
Speaker 23: then they deserve to have the essay as much as they.

801
00:40:33,000 --> 00:40:36,520
Speaker 2: Them since pledge. So you don't know if you're Arthur

802
00:40:36,640 --> 00:40:39,560
Speaker 2: or Martha Duncan. One minute it is dangerous. The next

803
00:40:39,560 --> 00:40:42,279
Speaker 2: minute you're wanting to read Hobson's pledge.

804
00:40:43,360 --> 00:40:46,480
Speaker 23: I want every I want everyone in New Zealand to

805
00:40:46,560 --> 00:40:50,359
Speaker 23: be given a fair crack and a fairsay, all right now,

806
00:40:50,640 --> 00:40:53,759
Speaker 23: and even if I despise their views, and that's a

807
00:40:53,800 --> 00:40:56,280
Speaker 23: really important value democracy.

808
00:40:56,400 --> 00:40:59,680
Speaker 2: Is what number have we called? Is this the same Duncan?

809
00:40:59,680 --> 00:40:59,920
Speaker 16: The web?

810
00:41:00,600 --> 00:41:02,680
Speaker 2: Appreciate it, appreciate you?

811
00:41:02,280 --> 00:41:05,040
Speaker 23: Thanks, all right, okay, just.

812
00:41:04,920 --> 00:41:07,040
Speaker 2: A spokesperson for the Labor Party. It's called a past

813
00:41:07,040 --> 00:41:12,920
Speaker 2: five in Auckland. So this is interesting. The public transport

814
00:41:12,960 --> 00:41:15,960
Speaker 2: emissions in Auckland. Remember the council was crying about this

815
00:41:16,000 --> 00:41:18,040
Speaker 2: a couple of months ago. They were saying, we want

816
00:41:18,080 --> 00:41:22,200
Speaker 2: to bring the cost, bring the emissions down by five

817
00:41:22,280 --> 00:41:24,960
Speaker 2: percent five percent decrease. That is our goal for public

818
00:41:24,960 --> 00:41:28,799
Speaker 2: transport emissions in Auckland. And now it turns out they're

819
00:41:28,880 --> 00:41:33,000
Speaker 2: dropping the target. Why because there is a lack of

820
00:41:33,200 --> 00:41:37,760
Speaker 2: reliability in verifying public transport operational emissions. In other words,

821
00:41:38,040 --> 00:41:41,839
Speaker 2: they can't measure it, which begs the question why they

822
00:41:41,880 --> 00:41:47,400
Speaker 2: make a goal they couldn't measure seems pretty dumb, right Northland? Next,

823
00:41:47,960 --> 00:41:50,920
Speaker 2: are you an active relaxer. Then New Way Ireland is

824
00:41:50,960 --> 00:41:52,560
Speaker 2: for you. If you need a holiday, if you need

825
00:41:52,560 --> 00:41:55,960
Speaker 2: a break. It's an authentic Pacific island experience. It's the

826
00:41:55,960 --> 00:41:59,400
Speaker 2: way life used to be. No traffic, no queues, safe

827
00:41:59,680 --> 00:42:02,719
Speaker 2: warm You'll have the experience of a lifetime. Every day

828
00:42:02,760 --> 00:42:06,120
Speaker 2: you're Innuay, relax or walk and explore the multitude of

829
00:42:06,160 --> 00:42:09,720
Speaker 2: tracks that take you to secret swimming caves, to swimming pools,

830
00:42:09,760 --> 00:42:11,560
Speaker 2: you name it. You can swim with the whales, you

831
00:42:11,560 --> 00:42:13,520
Speaker 2: can swim with the dolphins, you can snorkel, you can

832
00:42:13,560 --> 00:42:16,680
Speaker 2: dive in the clearest waters in the Pacific. And if

833
00:42:16,680 --> 00:42:19,239
Speaker 2: you're into your fishing, Neuey's got you covered. It's where

834
00:42:19,239 --> 00:42:21,800
Speaker 2: Matt Watson goes to fish for goodness sakes on holiday

835
00:42:21,840 --> 00:42:25,600
Speaker 2: with his family in Nuey. The entire island is your resort.

836
00:42:25,960 --> 00:42:27,880
Speaker 2: You'll feel like you've met the whole island by the

837
00:42:27,880 --> 00:42:30,160
Speaker 2: time that you've left. You'll arrive as a visitor, but

838
00:42:30,200 --> 00:42:32,680
Speaker 2: you'll leave as a friend. Your island paradise isn't even

839
00:42:32,680 --> 00:42:35,480
Speaker 2: that far away. You'll get their direct Auckland just over

840
00:42:35,520 --> 00:42:38,520
Speaker 2: three hours. It's really easy. Check out Neuay Island dot

841
00:42:38,520 --> 00:42:40,279
Speaker 2: com or see your travel agent to get yourself to

842
00:42:40,360 --> 00:42:44,759
Speaker 2: Nuey Bryan Bridge. Speaking of beautiful destinations Northland, it doesn't

843
00:42:44,760 --> 00:42:47,200
Speaker 2: get much better than that. And they want a regional

844
00:42:47,280 --> 00:42:50,279
Speaker 2: deal off the government and they want this because they

845
00:42:50,280 --> 00:42:52,920
Speaker 2: say it will boost their economy by a billion dollars.

846
00:42:53,160 --> 00:42:55,239
Speaker 2: One of the things they're asking for, and I don't

847
00:42:55,239 --> 00:42:57,000
Speaker 2: think know whether this is something you ask for or

848
00:42:57,000 --> 00:42:59,640
Speaker 2: whether it's something that's bestowed upon you, but anyway, they

849
00:42:59,640 --> 00:43:02,360
Speaker 2: are asked for the very own great walk, joining the

850
00:43:02,440 --> 00:43:05,799
Speaker 2: existing eleven around the country. The co owner of the

851
00:43:05,960 --> 00:43:09,520
Speaker 2: Duke of Marlborough Hotel is Ricky Kinnerd. He's loved me tonight.

852
00:43:09,560 --> 00:43:11,640
Speaker 2: It's the jewel in the Crown of north and Ricky.

853
00:43:11,680 --> 00:43:15,520
Speaker 10: Good evening, Good evening, Ryan. Good to hear from you again.

854
00:43:15,600 --> 00:43:17,960
Speaker 2: Yeah, good to have you on the show. So where

855
00:43:17,960 --> 00:43:21,160
Speaker 2: would this great walk be is? What's the location?

856
00:43:23,080 --> 00:43:27,040
Speaker 10: So it's a loop track. Now there's been a lot

857
00:43:27,080 --> 00:43:30,640
Speaker 10: of work to get pieces of land joined up from

858
00:43:30,680 --> 00:43:34,920
Speaker 10: Elliott's Beach to Cape Brett where the light as is

859
00:43:35,080 --> 00:43:37,319
Speaker 10: overlooking the whales and the hole in the rock and

860
00:43:37,400 --> 00:43:41,000
Speaker 10: back again. So the tentative design is about a two

861
00:43:41,080 --> 00:43:42,920
Speaker 10: D twenty six seven ks.

862
00:43:43,200 --> 00:43:45,960
Speaker 2: Right, and do you is this something that you request

863
00:43:46,000 --> 00:43:48,400
Speaker 2: as part of a regional deal or is this something

864
00:43:48,440 --> 00:43:51,000
Speaker 2: that DOC would have to make a determination on How

865
00:43:51,040 --> 00:43:51,560
Speaker 2: does that work?

866
00:43:52,640 --> 00:43:56,719
Speaker 10: Yeah, there's there's a couple of layers here. So the

867
00:43:56,800 --> 00:43:59,160
Speaker 10: pressure for DOC is why wouldn't you have one up

868
00:43:59,200 --> 00:44:03,600
Speaker 10: in the north and actually complementary to the existing suite

869
00:44:03,680 --> 00:44:06,440
Speaker 10: obviously the South Islander, but for goodness sake, it's about

870
00:44:06,440 --> 00:44:08,960
Speaker 10: time to bring it up north with different options and

871
00:44:09,080 --> 00:44:11,720
Speaker 10: history and heritage. So we need a bit of support

872
00:44:11,760 --> 00:44:14,360
Speaker 10: there to get it on the list. But after the

873
00:44:14,440 --> 00:44:18,719
Speaker 10: last forty years of building relationships and it's tapu led

874
00:44:18,880 --> 00:44:21,960
Speaker 10: so it's very very important lands being banked and put

875
00:44:22,000 --> 00:44:24,759
Speaker 10: into the pot. So we're at the time is now

876
00:44:24,800 --> 00:44:27,279
Speaker 10: to bring it all together and provide an offering the

877
00:44:27,400 --> 00:44:30,799
Speaker 10: suits and complimentary to that suite of walks. It's good,

878
00:44:31,360 --> 00:44:32,480
Speaker 10: need a bit of pressure from the top.

879
00:44:32,680 --> 00:44:36,640
Speaker 2: You also need four lanes to play at a Yeah,

880
00:44:37,680 --> 00:44:38,319
Speaker 2: make life a lot.

881
00:44:39,760 --> 00:44:43,120
Speaker 10: Well, I'll tell you what the you know, we're not

882
00:44:43,160 --> 00:44:45,480
Speaker 10: the poor customs that I've seen. Some third worlds are

883
00:44:45,480 --> 00:44:48,080
Speaker 10: the worst. But you sort of go, we need all

884
00:44:48,120 --> 00:44:50,440
Speaker 10: these building box to unlock the potential and for.

885
00:44:50,440 --> 00:44:51,200
Speaker 2: The great walk.

886
00:44:51,719 --> 00:44:55,280
Speaker 10: Apart from being awesome and medine standing under the stars

887
00:44:55,280 --> 00:44:58,920
Speaker 10: in the corner of the Polynesian triangle. Who pays it

888
00:44:59,080 --> 00:45:01,600
Speaker 10: targeted and started is never going to shoot Juney, you know,

889
00:45:01,760 --> 00:45:04,600
Speaker 10: been part of their history and hereage is immense, but

890
00:45:05,080 --> 00:45:07,600
Speaker 10: it's a piece in the puzzle. And once you unlock

891
00:45:07,719 --> 00:45:11,680
Speaker 10: that in a sympathetic way, which flits our destination plan

892
00:45:12,160 --> 00:45:15,840
Speaker 10: not overpopulated those lanes that Rafay can turn back and

893
00:45:15,920 --> 00:45:18,399
Speaker 10: have hopkins to turn back into market gardens that feed

894
00:45:18,480 --> 00:45:21,799
Speaker 10: our people. And we're talking about the next one hundred years.

895
00:45:21,840 --> 00:45:24,680
Speaker 10: So four lanes is an important part of us. But

896
00:45:24,800 --> 00:45:28,080
Speaker 10: there's all of these productivity areas where you go. If

897
00:45:28,120 --> 00:45:30,400
Speaker 10: we can get that done, there'll be three, four or

898
00:45:30,440 --> 00:45:32,880
Speaker 10: five hundred real jobs that you can catnate over the

899
00:45:32,960 --> 00:45:36,440
Speaker 10: next hundred years ago an infrastructure ecosystem, and it.

900
00:45:36,520 --> 00:45:39,160
Speaker 2: All starts now, and it all starts with a regional deal. Ricky,

901
00:45:39,239 --> 00:45:41,440
Speaker 2: thank you very much for that. Ricky Kennedy who's with us.

902
00:45:41,520 --> 00:45:43,840
Speaker 2: He's the co owner of the Duke of Marlborough Hotel.

903
00:45:44,120 --> 00:45:45,920
Speaker 2: Got married at the Duke of Marlboro. If you haven't been,

904
00:45:46,000 --> 00:45:51,040
Speaker 2: it's a like political, cultural little gem of New Zealand.

905
00:45:51,160 --> 00:45:53,920
Speaker 2: Russell go and visit. It's twenty two and that is

906
00:45:54,000 --> 00:45:55,879
Speaker 2: the jewel in the crown twenty two minutes after five

907
00:45:55,960 --> 00:45:59,520
Speaker 2: news talks. There be coming up next. Dog attacks. Have

908
00:45:59,680 --> 00:46:02,920
Speaker 2: you known noticed how many dogs are attacking not just

909
00:46:03,000 --> 00:46:06,000
Speaker 2: people but other dogs in this country. The numbers for you.

910
00:46:07,520 --> 00:46:11,040
Speaker 1: Checking the point of the story, it's Ryan Bridgejohn Heather

911
00:46:11,120 --> 00:46:15,360
Speaker 1: dupless Ellen drive with one New Zealand let's get connected

912
00:46:15,400 --> 00:46:16,000
Speaker 1: and use dogs.

913
00:46:16,040 --> 00:46:18,200
Speaker 2: That'd be five twenty five. Good evening to you. Have

914
00:46:18,320 --> 00:46:20,360
Speaker 2: you seen all the stories in the news lately about

915
00:46:20,480 --> 00:46:25,160
Speaker 2: dog attacks. It's really quite concerning. So a couple of things.

916
00:46:25,719 --> 00:46:28,439
Speaker 2: People have died. There was that poor wee boy up north,

917
00:46:29,640 --> 00:46:31,960
Speaker 2: the woman who was hanging or washing out in Northland,

918
00:46:32,000 --> 00:46:34,400
Speaker 2: the two seriously hurt in Monny Day. Well that's all

919
00:46:34,640 --> 00:46:37,560
Speaker 2: in the last couple of months. We interviewed a local

920
00:46:37,680 --> 00:46:40,880
Speaker 2: from Typer Bay in December who said that people should

921
00:46:40,920 --> 00:46:43,680
Speaker 2: bring a weapon to the beach to scare the dogs off.

922
00:46:44,320 --> 00:46:46,799
Speaker 2: Here's the numbers. I couldn't quite believe this. Twenty eight

923
00:46:46,960 --> 00:46:51,480
Speaker 2: thousand injuries from dogs last year. That's up three thousand

924
00:46:51,600 --> 00:46:53,920
Speaker 2: kids under the age of fifteen injured. That's up to

925
00:46:54,440 --> 00:46:58,279
Speaker 2: some of these will be usually harmless family poochers on

926
00:46:58,320 --> 00:47:01,279
Speaker 2: a bad day with kids getting caught in crossfire. But

927
00:47:02,200 --> 00:47:06,000
Speaker 2: according to aalking council, there are a couple of culprits,

928
00:47:06,080 --> 00:47:09,920
Speaker 2: the American football terriers, the staff's and the mastiffs. I

929
00:47:10,040 --> 00:47:12,040
Speaker 2: know there will be people who are good owners and

930
00:47:12,120 --> 00:47:15,759
Speaker 2: responsible owners, but should these breeds really be allowed in society?

931
00:47:16,480 --> 00:47:18,800
Speaker 2: If your dog takes a chunk out of some kid's

932
00:47:18,920 --> 00:47:21,799
Speaker 2: arm or leg or face, then it can be put down.

933
00:47:22,560 --> 00:47:24,680
Speaker 2: But if some breeds are doing this more than others

934
00:47:25,000 --> 00:47:28,240
Speaker 2: and more kids are getting hurt, aren't we just allowing

935
00:47:28,320 --> 00:47:30,520
Speaker 2: it to keep happening. Should we be surprised that it

936
00:47:30,600 --> 00:47:34,600
Speaker 2: keeps happening and that it's increasing. Then there's the desexing problem.

937
00:47:34,920 --> 00:47:38,759
Speaker 2: People aren't doing it, so they drop litters of puppies

938
00:47:38,960 --> 00:47:42,359
Speaker 2: to dog control. Then dog control is overwhelmed, so they

939
00:47:42,440 --> 00:47:47,560
Speaker 2: have to put the puppies down. They euthanize puppies. In Hamilton,

940
00:47:48,239 --> 00:47:51,359
Speaker 2: they've had one hundred puppies. Just think about this, one

941
00:47:51,440 --> 00:47:57,160
Speaker 2: hundred puppies under four weeks old in three months. And

942
00:47:57,280 --> 00:48:00,680
Speaker 2: the other day they got the veteran. Over the space

943
00:48:00,719 --> 00:48:03,840
Speaker 2: of a morning, they had to put twenty five down mentionine.

944
00:48:03,880 --> 00:48:07,320
Speaker 2: The poor staff putting down twenty five puppies. Owning a

945
00:48:07,400 --> 00:48:10,840
Speaker 2: dog should be a privilege and not a right. And

946
00:48:10,960 --> 00:48:14,480
Speaker 2: we've got to ask ourselves, surely, if your dog's at

947
00:48:14,560 --> 00:48:18,000
Speaker 2: risk of biting or taking a chunk out of someone,

948
00:48:18,800 --> 00:48:21,560
Speaker 2: or you're not taking care of their litter, do you

949
00:48:21,719 --> 00:48:25,719
Speaker 2: deserve that privilege? Ryan Bridge five twenty seven Newsbooks. There'd

950
00:48:25,760 --> 00:48:29,600
Speaker 2: be King Salmon our New Zealand King Salmon. They export

951
00:48:29,640 --> 00:48:31,839
Speaker 2: a lot. They got a lot of things to say

952
00:48:32,000 --> 00:48:34,719
Speaker 2: about Trump and his terras. That's next.

953
00:48:51,560 --> 00:48:55,760
Speaker 1: After making the news, the newsmakers talk to Ryan first.

954
00:48:55,960 --> 00:48:59,879
Speaker 1: It's Ryan Bridge on Hither duplessy Ellen Drive with one News.

955
00:49:00,719 --> 00:49:02,560
Speaker 1: Let's get connected news Talks.

956
00:49:02,560 --> 00:49:02,880
Speaker 5: They'd be.

957
00:49:12,080 --> 00:49:14,040
Speaker 2: Twenty five away from the six News Talks. They'd be

958
00:49:14,160 --> 00:49:15,080
Speaker 2: great to have your company.

959
00:49:15,160 --> 00:49:15,960
Speaker 5: We'll get to the.

960
00:49:16,120 --> 00:49:18,560
Speaker 2: UK before the end of the show at seven. Just

961
00:49:18,680 --> 00:49:21,759
Speaker 2: before we do get to zed King Salmon, because I

962
00:49:21,800 --> 00:49:23,840
Speaker 2: want to ask them about the tariffs and what effect

963
00:49:23,880 --> 00:49:27,200
Speaker 2: you could have as an exporter, big exporter. But just

964
00:49:27,280 --> 00:49:30,200
Speaker 2: a little note on Elon Musk. So obviously he's in

965
00:49:30,239 --> 00:49:33,239
Speaker 2: the White House, he's a special advisor and he's there

966
00:49:33,400 --> 00:49:36,400
Speaker 2: for Trump and Doze and whatnot. And then there was

967
00:49:36,480 --> 00:49:39,480
Speaker 2: this report in Politico, and a lot of people say, oh, well,

968
00:49:39,920 --> 00:49:43,320
Speaker 2: the Republicans want Elon must there because he's cutting the coasts,

969
00:49:43,320 --> 00:49:45,520
Speaker 2: et cetera. The people who don't want Elon Musk in

970
00:49:45,560 --> 00:49:48,360
Speaker 2: the White House is any investors in any of his businesses,

971
00:49:48,400 --> 00:49:51,759
Speaker 2: because the more that he's there, the more tainted his

972
00:49:51,920 --> 00:49:55,480
Speaker 2: businesses get. And we've had Tesler quarterly sales data out

973
00:49:55,480 --> 00:49:58,480
Speaker 2: today down thirteen percent on a year ago. That's three

974
00:49:58,600 --> 00:50:01,040
Speaker 2: hundred and thirty six thousand new. It's versus the three

975
00:50:01,120 --> 00:50:04,800
Speaker 2: hundred and ninety six thousand that analysts had expected. So

976
00:50:04,960 --> 00:50:07,520
Speaker 2: the shares fall on those numbers coming out, right, and

977
00:50:07,600 --> 00:50:09,680
Speaker 2: then this report comes out that he is going to

978
00:50:09,719 --> 00:50:11,920
Speaker 2: be leaving the White House role to return to his company.

979
00:50:12,239 --> 00:50:16,200
Speaker 2: Shares jump five percent after that Politico report, and that

980
00:50:16,320 --> 00:50:18,879
Speaker 2: just tells you that the investors don't want him. Well

981
00:50:18,920 --> 00:50:22,920
Speaker 2: one distracted, but also shooting from the hap on politics

982
00:50:23,000 --> 00:50:26,520
Speaker 2: and then doing brand damage to Tesla twenty three away

983
00:50:26,560 --> 00:50:30,360
Speaker 2: from six Ryan Bridge. So ten percent, that's the tariff

984
00:50:30,360 --> 00:50:32,239
Speaker 2: we're going to have to pay, and that's on our

985
00:50:32,320 --> 00:50:35,160
Speaker 2: nine million dollars of exports to the United States. The

986
00:50:35,360 --> 00:50:38,560
Speaker 2: minister says it would cost our guests on those numbers

987
00:50:38,560 --> 00:50:41,920
Speaker 2: around nine hundred million dollars plus, there's the flow on

988
00:50:42,000 --> 00:50:45,360
Speaker 2: effects from a potential globalized trade war and what that

989
00:50:45,400 --> 00:50:48,239
Speaker 2: could mean for some of our businesses. Nzig King, Sam

990
00:50:48,320 --> 00:50:52,680
Speaker 2: and CEO Carl Carrington's with me tonight. Hi Carl, how

991
00:50:52,719 --> 00:50:52,880
Speaker 2: are you?

992
00:50:53,080 --> 00:50:53,279
Speaker 17: Yeah?

993
00:50:53,320 --> 00:50:54,879
Speaker 2: Good? Thanks? Good to have you back on the show.

994
00:50:55,400 --> 00:50:57,720
Speaker 2: What does this mean for your business?

995
00:50:59,080 --> 00:51:01,560
Speaker 17: Well, to be honest, I don't think it means very much.

996
00:51:03,239 --> 00:51:06,480
Speaker 17: We sell most of our volume to the USA through

997
00:51:07,400 --> 00:51:11,359
Speaker 17: premium food service, so very high end restaurants and very

998
00:51:11,440 --> 00:51:14,880
Speaker 17: high end retail, so I think we have to some

999
00:51:15,120 --> 00:51:19,680
Speaker 17: degree some protection as the consumers and those channels tend

1000
00:51:19,719 --> 00:51:25,600
Speaker 17: to have a lot more discretionary spending power. But we're

1001
00:51:25,719 --> 00:51:28,120
Speaker 17: just working through what it will mean for our customers

1002
00:51:28,239 --> 00:51:31,839
Speaker 17: over the coming weeks as it's sort of all unfolds.

1003
00:51:32,040 --> 00:51:34,279
Speaker 17: But we don't foresee that it's going to have an

1004
00:51:34,320 --> 00:51:38,520
Speaker 17: impact on our margins in the USA, because after all,

1005
00:51:38,680 --> 00:51:43,520
Speaker 17: this is really a tax on USA consumers and hopefully

1006
00:51:43,600 --> 00:51:48,400
Speaker 17: they get some tax relief coming over the hill fairly

1007
00:51:48,480 --> 00:51:53,160
Speaker 17: shortly so the US though it is forty percent of

1008
00:51:53,200 --> 00:51:56,360
Speaker 17: our business, so it's about eighty five million million dollars

1009
00:51:56,400 --> 00:51:59,320
Speaker 17: in export revenue, so you know, will be keeping a

1010
00:51:59,680 --> 00:52:03,480
Speaker 17: close sie on it. But to the extent there's any

1011
00:52:03,560 --> 00:52:07,040
Speaker 17: reduction in demand, we're simply going to divert those volumes

1012
00:52:07,080 --> 00:52:10,560
Speaker 17: to other strategic growth markets. So for US, that will

1013
00:52:10,680 --> 00:52:13,880
Speaker 17: mean Australia and China, and we might be able to

1014
00:52:13,920 --> 00:52:16,360
Speaker 17: do a little bit more with New Zealand retail partners

1015
00:52:16,400 --> 00:52:20,040
Speaker 17: as well. But we're a little bit unique, i think,

1016
00:52:20,960 --> 00:52:25,200
Speaker 17: compared to other New Zealand primary producers, and so far

1017
00:52:25,320 --> 00:52:29,399
Speaker 17: as we don't have a global demand challenge. Rather we're

1018
00:52:29,480 --> 00:52:33,759
Speaker 17: constrained by supply. So to be very clear about that,

1019
00:52:35,120 --> 00:52:37,520
Speaker 17: we have a lack of supply, So any pold that

1020
00:52:37,640 --> 00:52:40,360
Speaker 17: falls out of the USA, we'll be able to place

1021
00:52:40,440 --> 00:52:42,080
Speaker 17: elsewhere in pretty short order.

1022
00:52:42,680 --> 00:52:44,880
Speaker 2: You did sound quite confident. You sound quite calm for

1023
00:52:44,960 --> 00:52:47,040
Speaker 2: a guy who's got forty percent of his business going

1024
00:52:47,080 --> 00:52:47,640
Speaker 2: to the States.

1025
00:52:48,200 --> 00:52:52,000
Speaker 17: But I'm not losing any sleep favorite but hopefully I'm

1026
00:52:52,040 --> 00:52:53,160
Speaker 17: not being naive about it.

1027
00:52:55,239 --> 00:52:57,960
Speaker 2: But the fact it's a premium product that's the key

1028
00:52:58,040 --> 00:53:00,840
Speaker 2: to this, isn't it. Because if you were selling you know,

1029
00:53:01,239 --> 00:53:04,360
Speaker 2: lineback biscuits into supermarkets, you'd be a bit more worrying.

1030
00:53:05,719 --> 00:53:07,919
Speaker 17: If I was on that segment. I would be yeah,

1031
00:53:08,000 --> 00:53:13,440
Speaker 17: I'll have a different disposition. But you know, dank salmon

1032
00:53:13,760 --> 00:53:16,560
Speaker 17: is really only farmed in New Zealand. There's a little

1033
00:53:16,600 --> 00:53:20,440
Speaker 17: bit of supply from in the USA, but you and

1034
00:53:20,520 --> 00:53:23,839
Speaker 17: I would eat more salmon than they produce. So it's

1035
00:53:23,960 --> 00:53:27,760
Speaker 17: really we are protected in that it is the wagu

1036
00:53:27,880 --> 00:53:31,279
Speaker 17: of the sea. It's the most premium of the salmon species,

1037
00:53:32,200 --> 00:53:33,800
Speaker 17: so that does give us a bit of protection.

1038
00:53:34,960 --> 00:53:36,839
Speaker 2: Really appreciate your time, Carl. Good to have you back

1039
00:53:36,880 --> 00:53:38,760
Speaker 2: on the show. And let's hope you can get growing

1040
00:53:39,200 --> 00:53:41,920
Speaker 2: to meet that rising demand soon. Carl Carrington. I know

1041
00:53:41,960 --> 00:53:44,279
Speaker 2: we've spoken about ways you want to do that. Carl

1042
00:53:44,320 --> 00:53:46,799
Speaker 2: Carrington ends in King Salmon's CEO here on news Talks.

1043
00:53:46,840 --> 00:53:50,840
Speaker 1: Here'b just gone the huddle with New Zealand Southeby's International Realty.

1044
00:53:50,960 --> 00:53:54,360
Speaker 1: The ones with worldwide connections that perform, not promise.

1045
00:53:54,640 --> 00:53:57,360
Speaker 2: Someone says Ryan, you kept saying the number, the amount

1046
00:53:57,480 --> 00:54:00,320
Speaker 2: we need to pay. Isn't it the US import waters

1047
00:54:00,400 --> 00:54:03,160
Speaker 2: that pay We may just sell this. Yes, you're quite right.

1048
00:54:03,200 --> 00:54:06,120
Speaker 2: There was at the tongue from me Connor, English director

1049
00:54:06,120 --> 00:54:09,279
Speaker 2: at Wellington government relations firm silver Rio is with me

1050
00:54:09,360 --> 00:54:12,080
Speaker 2: on the huddles Night along with Mark Sainsbury broadcaster. Good

1051
00:54:12,120 --> 00:54:17,759
Speaker 2: evening guys, get a good to be here. Oh there

1052
00:54:17,800 --> 00:54:20,640
Speaker 2: you go, Mark, you'd muted yourself with the beautiful checkbones

1053
00:54:21,040 --> 00:54:23,680
Speaker 2: your back there We are all right, says what do

1054
00:54:23,760 --> 00:54:26,680
Speaker 2: you make of Donald Trump and his and his announcement today?

1055
00:54:26,680 --> 00:54:33,280
Speaker 2: Would you were you expecting worse? Always muted himself again? Apparently, Connor,

1056
00:54:33,360 --> 00:54:35,640
Speaker 2: let's go with the safe option here. What do you

1057
00:54:35,719 --> 00:54:36,080
Speaker 2: make of it?

1058
00:54:37,840 --> 00:54:40,000
Speaker 24: Well, go, I'm fascinated by it, and I know it's

1059
00:54:40,040 --> 00:54:42,479
Speaker 24: not positive for New zeal because we have the direct

1060
00:54:42,560 --> 00:54:45,719
Speaker 24: impact of ten percent on you know, that eight or

1061
00:54:45,760 --> 00:54:48,239
Speaker 24: nine billion dollars of goods we've got going over there.

1062
00:54:48,480 --> 00:54:51,719
Speaker 24: But there'll be secondary effects, you know, through change and

1063
00:54:51,800 --> 00:54:56,360
Speaker 24: trade flows and you know, commodity prices and interest rates,

1064
00:54:56,480 --> 00:54:58,440
Speaker 24: next change rates, and some of those will be positive,

1065
00:54:58,480 --> 00:55:00,160
Speaker 24: some of those will be negative. But the the thing

1066
00:55:00,200 --> 00:55:02,960
Speaker 24: that fascinates me, Ryan is just the big picture here.

1067
00:55:03,200 --> 00:55:06,400
Speaker 24: And I can't help but thinking that what the American

1068
00:55:06,400 --> 00:55:07,920
Speaker 24: administration is trying to do is a bit of a

1069
00:55:08,000 --> 00:55:11,160
Speaker 24: tax swap where they're looking to go from income and

1070
00:55:11,280 --> 00:55:13,759
Speaker 24: company texts. They wanting to lower that and they're wanting to.

1071
00:55:13,760 --> 00:55:15,160
Speaker 16: Get revenue from.

1072
00:55:16,480 --> 00:55:19,399
Speaker 24: Tariffs and also selling what they're calling the gold Card

1073
00:55:19,480 --> 00:55:25,320
Speaker 24: visa to balance their books and you know, try and

1074
00:55:25,400 --> 00:55:28,839
Speaker 24: protect jobs in their domestic market at the same time.

1075
00:55:29,560 --> 00:55:31,560
Speaker 24: So you know, they've done it before in the nineteen thirties.

1076
00:55:31,600 --> 00:55:33,120
Speaker 24: It didn't work out so well, So we'll see what

1077
00:55:33,200 --> 00:55:34,000
Speaker 24: happens this time.

1078
00:55:34,160 --> 00:55:35,680
Speaker 2: No, you're on the money. I mean, that's exactly what

1079
00:55:36,000 --> 00:55:37,880
Speaker 2: Trump was saying today, wasn't it. He said, why are

1080
00:55:37,960 --> 00:55:40,200
Speaker 2: we paying you know, why are our workers? And he

1081
00:55:40,280 --> 00:55:42,000
Speaker 2: had all the union and workers in front of it.

1082
00:55:42,080 --> 00:55:44,319
Speaker 2: Why are we paying personal income tax? And we could

1083
00:55:44,360 --> 00:55:45,880
Speaker 2: have the rest of the world paying it for us?

1084
00:55:46,600 --> 00:55:50,200
Speaker 2: So Mark, what did you, Mark? What did you make about?

1085
00:55:50,280 --> 00:55:52,040
Speaker 25: Look at I mean, kind's quite right.

1086
00:55:52,120 --> 00:55:55,680
Speaker 26: The Smooth Hawly Terariffact nineteen thirty they brought in twenty

1087
00:55:55,760 --> 00:55:57,120
Speaker 26: twenty five percent tariffs.

1088
00:55:57,600 --> 00:55:59,919
Speaker 25: It worsened the depression that caused.

1089
00:56:04,280 --> 00:56:07,440
Speaker 2: Mark from mute again, it's.

1090
00:56:07,320 --> 00:56:10,360
Speaker 25: My bony it's my bony ear. Keep getting them on

1091
00:56:10,440 --> 00:56:14,520
Speaker 25: the sorry about but yeah, they went through this before.

1092
00:56:14,640 --> 00:56:17,720
Speaker 25: It's it's where is it? And the thing is everyone

1093
00:56:17,840 --> 00:56:18,440
Speaker 25: just accepts it.

1094
00:56:19,160 --> 00:56:21,200
Speaker 27: It's just it's sort of the world ruled by Trump

1095
00:56:21,760 --> 00:56:25,000
Speaker 27: and everyone's just looking I mean, I really worry about

1096
00:56:25,040 --> 00:56:29,320
Speaker 27: the you know, the world economics sort of you know situation.

1097
00:56:29,640 --> 00:56:32,920
Speaker 25: Are we now expected to bankroll the US? It seems

1098
00:56:32,920 --> 00:56:34,680
Speaker 25: to be. I think Connor's quite right, that's what that's

1099
00:56:34,719 --> 00:56:38,560
Speaker 25: what Trump is trying to do. But the impacts and

1100
00:56:38,760 --> 00:56:39,040
Speaker 25: some of.

1101
00:56:39,080 --> 00:56:40,080
Speaker 2: The stuff is just mad.

1102
00:56:40,520 --> 00:56:43,719
Speaker 26: The herd and McDonald Islands in their tax list, they're

1103
00:56:43,719 --> 00:56:44,840
Speaker 26: getting tax ten percent.

1104
00:56:45,320 --> 00:56:47,640
Speaker 25: Do you know who lives on the herd and McDonald Islands?

1105
00:56:47,760 --> 00:56:50,640
Speaker 25: No one, the Macaroni penguin.

1106
00:56:52,440 --> 00:56:56,360
Speaker 2: What are they explorting? It's interesting. The other thing he

1107
00:56:56,480 --> 00:56:59,920
Speaker 2: was talking about Connor today was the he mentioned war

1108
00:57:00,160 --> 00:57:03,279
Speaker 2: a couple of times, and it's this idea that you

1109
00:57:03,480 --> 00:57:05,920
Speaker 2: need to be a you need to have a strong

1110
00:57:06,080 --> 00:57:10,760
Speaker 2: manufacturing base, should you need to be on a war footing.

1111
00:57:11,040 --> 00:57:13,120
Speaker 2: You need to be able to make your own medicines,

1112
00:57:13,200 --> 00:57:15,200
Speaker 2: you need you can't be beholden to anyone. You need

1113
00:57:15,239 --> 00:57:16,800
Speaker 2: to be able to make your own weapons, all this

1114
00:57:16,960 --> 00:57:19,800
Speaker 2: kind of stuff. So is that part of the strategy.

1115
00:57:19,840 --> 00:57:21,360
Speaker 2: I mean, I think it is probably part of the

1116
00:57:21,400 --> 00:57:22,040
Speaker 2: strategy too.

1117
00:57:23,120 --> 00:57:23,320
Speaker 10: Yeah.

1118
00:57:23,480 --> 00:57:24,960
Speaker 24: Yeah, well, I think if you if you go back

1119
00:57:25,000 --> 00:57:27,480
Speaker 24: in time, you know, self sufficiency was very definitely a

1120
00:57:27,520 --> 00:57:31,640
Speaker 24: policy objective that a lot of country had post of

1121
00:57:31,720 --> 00:57:35,400
Speaker 24: wars that we've had over the last few centuries because

1122
00:57:35,440 --> 00:57:38,120
Speaker 24: there was risks of particularly you know, on food security

1123
00:57:38,720 --> 00:57:42,520
Speaker 24: as well as your ability to produce stuff. So yeah,

1124
00:57:42,560 --> 00:57:45,760
Speaker 24: he is obviously moving away from the sort of theory

1125
00:57:45,800 --> 00:57:48,520
Speaker 24: of comparative advantage where you trade with people who can

1126
00:57:48,560 --> 00:57:50,640
Speaker 24: do a better job than what you can and then

1127
00:57:50,720 --> 00:57:52,320
Speaker 24: you sell them what you can do a better job

1128
00:57:52,400 --> 00:57:55,080
Speaker 24: than them. And so he's moving away from that sort

1129
00:57:55,120 --> 00:57:58,160
Speaker 24: of framework, but I think he's still going to be

1130
00:57:58,240 --> 00:58:01,680
Speaker 24: doing a lot of trading. And the challenge, well, the

1131
00:58:01,800 --> 00:58:04,160
Speaker 24: challenge that they had and back in ninety three with

1132
00:58:04,200 --> 00:58:06,640
Speaker 24: a smooth horly law is of course imports went down

1133
00:58:06,640 --> 00:58:08,720
Speaker 24: from about three to one billion, and you think, okay,

1134
00:58:08,840 --> 00:58:11,400
Speaker 24: that's really good for you know, jobs in America. But

1135
00:58:11,480 --> 00:58:15,640
Speaker 24: the trouble was other countries diverted their purchase decisions to

1136
00:58:16,200 --> 00:58:18,840
Speaker 24: away from the US, and their exports went down from

1137
00:58:18,960 --> 00:58:21,000
Speaker 24: you know, six billion to a couple of billion, and

1138
00:58:21,120 --> 00:58:25,320
Speaker 24: their GDP haved and you know, unemployment went from eight

1139
00:58:25,360 --> 00:58:28,760
Speaker 24: percent to twenty five percent in three years. So you know,

1140
00:58:29,600 --> 00:58:32,720
Speaker 24: it's it's like old Mike Tyson says, you know, everyone's

1141
00:58:32,720 --> 00:58:34,240
Speaker 24: got a plan and to get punched in the face

1142
00:58:34,760 --> 00:58:38,480
Speaker 24: and Donald Trump's He's thrown his punch and we'll see

1143
00:58:38,480 --> 00:58:39,520
Speaker 24: what comes back.

1144
00:58:39,760 --> 00:58:43,000
Speaker 2: Yeah. Well, vonder Lane's lining up, hasn't she. She's she's

1145
00:58:43,040 --> 00:58:45,520
Speaker 2: got a big fist ready, Right, we'll go back to

1146
00:58:45,520 --> 00:58:47,240
Speaker 2: you guys in just a second. Connor English and Mark

1147
00:58:47,240 --> 00:58:48,160
Speaker 2: Sainsbury on the huddle.

1148
00:58:49,200 --> 00:58:52,720
Speaker 1: The huddle with New Zealand southe Beast International Realty achieve

1149
00:58:52,800 --> 00:58:55,200
Speaker 1: extraordinary results with unparallel reach.

1150
00:58:55,720 --> 00:58:58,000
Speaker 2: Connor English and Mark Sainsbury on the huddle tonight, twelve

1151
00:58:58,000 --> 00:59:01,320
Speaker 2: minutes away from six Saints are So the Treaty Bill.

1152
00:59:01,920 --> 00:59:04,439
Speaker 2: The Select Committee that's looking into the Treaty Bill, they're

1153
00:59:04,480 --> 00:59:07,160
Speaker 2: going to report back a month early, but it means

1154
00:59:07,200 --> 00:59:09,040
Speaker 2: that they won't be able to read all the submissions

1155
00:59:09,080 --> 00:59:11,080
Speaker 2: that were made. And the opposition, remember they said, oh,

1156
00:59:11,120 --> 00:59:13,520
Speaker 2: it's such a dangerous debate, we shouldn't be having it.

1157
00:59:13,760 --> 00:59:17,000
Speaker 2: Now they're saying, actually, we should be extending it. Well,

1158
00:59:17,400 --> 00:59:19,000
Speaker 2: what do you make of this? What's going on here?

1159
00:59:19,600 --> 00:59:19,800
Speaker 11: Oh?

1160
00:59:20,360 --> 00:59:23,440
Speaker 26: Look, I mean does Christopher Luxan sit there and think

1161
00:59:23,520 --> 00:59:25,000
Speaker 26: I wish we'd never done this.

1162
00:59:25,640 --> 00:59:26,919
Speaker 2: I mean it's a lose lose.

1163
00:59:27,280 --> 00:59:30,160
Speaker 25: They caught all the flat for allowing the Treaty.

1164
00:59:29,960 --> 00:59:32,440
Speaker 26: Principle's Bill to be introduced to begin with, and the

1165
00:59:32,560 --> 00:59:34,440
Speaker 26: ghetto out of jail thing was no, no, but it's

1166
00:59:34,480 --> 00:59:37,400
Speaker 26: not to go any further. But now they've opened up

1167
00:59:37,440 --> 00:59:39,400
Speaker 26: Pandora's box and saying, well, we don't want to look

1168
00:59:39,400 --> 00:59:42,360
Speaker 26: at exactly how many people are actually antyet, because that's

1169
00:59:42,400 --> 00:59:45,320
Speaker 26: what you suspect that the bulk of the submissions might

1170
00:59:45,360 --> 00:59:46,280
Speaker 26: have been against the bill.

1171
00:59:46,400 --> 00:59:47,480
Speaker 16: It's not a great look.

1172
00:59:47,520 --> 00:59:49,840
Speaker 26: The whole thing I think was all thought out from

1173
00:59:49,840 --> 00:59:53,680
Speaker 26: the beginning and was probably totally unnecessary.

1174
00:59:53,960 --> 00:59:54,760
Speaker 25: It's just a joke.

1175
00:59:55,480 --> 00:59:57,280
Speaker 2: It is a bit, but it's I mean as well.

1176
00:59:57,360 --> 01:00:00,640
Speaker 2: Chris Lux's point, Connor is that that's the price of MMP.

1177
01:00:03,320 --> 01:00:06,840
Speaker 24: Well yeah, and I mean we have got a democracy

1178
01:00:06,920 --> 01:00:10,040
Speaker 24: and different parties have different policies and they do different

1179
01:00:10,080 --> 01:00:13,840
Speaker 24: deals and coalition agreements to progress those policies, and this

1180
01:00:14,000 --> 01:00:16,160
Speaker 24: is the outcome of a deal that was done on

1181
01:00:16,400 --> 01:00:19,560
Speaker 24: one such policy. So I don't think anyone should be

1182
01:00:19,640 --> 01:00:23,240
Speaker 24: surprised that there's been a bill put through Parliament that

1183
01:00:23,320 --> 01:00:25,680
Speaker 24: some people disagree with and others agree with it.

1184
01:00:26,280 --> 01:00:28,160
Speaker 5: I mean, that's nothing new, is it, No?

1185
01:00:28,280 --> 01:00:30,880
Speaker 2: I suppose not. I guess the interesting part about this

1186
01:00:31,160 --> 01:00:34,280
Speaker 2: is that one side said we shouldn't be having the debate,

1187
01:00:34,440 --> 01:00:36,640
Speaker 2: and now they're saying we should be extending it. I

1188
01:00:36,760 --> 01:00:37,800
Speaker 2: mean just seems a little.

1189
01:00:39,120 --> 01:00:39,360
Speaker 17: Yeah.

1190
01:00:40,160 --> 01:00:42,880
Speaker 24: Yeah, but you know, there's been all sorts of bills

1191
01:00:42,920 --> 01:00:46,560
Speaker 24: that some people are uncomfortable discussing, you know, things around

1192
01:00:46,600 --> 01:00:50,040
Speaker 24: the end of life and gay marriage for example. True,

1193
01:00:50,760 --> 01:00:54,200
Speaker 24: but there was no reason why that debate shouldn't happen.

1194
01:00:54,600 --> 01:00:57,040
Speaker 24: People are entitled to their view. I should respect the

1195
01:00:57,080 --> 01:00:58,640
Speaker 24: fact that other people might have a different view.

1196
01:00:58,800 --> 01:00:59,000
Speaker 2: Yeah.

1197
01:00:59,120 --> 01:01:01,520
Speaker 26: Good point to that is the fact that Seymour was

1198
01:01:01,600 --> 01:01:04,840
Speaker 26: or it said that he that that it wasn't a

1199
01:01:05,360 --> 01:01:07,920
Speaker 26: it wasn't a deal breaker in terms of the coalition agreement.

1200
01:01:09,560 --> 01:01:11,240
Speaker 2: Really, yes, he said.

1201
01:01:11,240 --> 01:01:13,120
Speaker 26: There was an interview with Guyan Espiner and he said,

1202
01:01:13,280 --> 01:01:16,040
Speaker 26: so you wonder why on earth you know? I mean

1203
01:01:16,080 --> 01:01:17,800
Speaker 26: that just that, just as I said, just comes back

1204
01:01:17,800 --> 01:01:20,280
Speaker 26: to the fast school nature of it all and just

1205
01:01:20,440 --> 01:01:23,680
Speaker 26: the you know, you just must you must.

1206
01:01:23,680 --> 01:01:24,880
Speaker 25: You would wake up in the middle of an I

1207
01:01:24,960 --> 01:01:26,160
Speaker 25: can think, why the hell?

1208
01:01:26,800 --> 01:01:29,960
Speaker 2: Yeah, it was an odd time outside waiting outside the

1209
01:01:30,040 --> 01:01:33,640
Speaker 2: Courts Hotel in Auckland for those negotiations to be finished.

1210
01:01:34,680 --> 01:01:38,280
Speaker 2: Wonder what did happen on the inside. I think though

1211
01:01:38,440 --> 01:01:38,640
Speaker 2: it is.

1212
01:01:38,880 --> 01:01:41,000
Speaker 24: It is interesting though, Ryan that I mean, there has

1213
01:01:41,120 --> 01:01:42,960
Speaker 24: been a lot of interest in this bill, and so

1214
01:01:43,080 --> 01:01:45,520
Speaker 24: it does show that people, you know, from a range

1215
01:01:45,560 --> 01:01:48,680
Speaker 24: of perspectives are interested in this is an issue. Yeah,

1216
01:01:49,160 --> 01:01:53,160
Speaker 24: And so I think it's it's it's you know, positive

1217
01:01:53,240 --> 01:01:57,400
Speaker 24: that people are participating in the process and you know,

1218
01:01:57,440 --> 01:02:00,360
Speaker 24: they're probably having discussions that they wouldn't otherwise have. And

1219
01:02:00,480 --> 01:02:02,400
Speaker 24: I don't I don't take the view that if you

1220
01:02:02,480 --> 01:02:04,720
Speaker 24: have a discussion that's a bad thing. I think so

1221
01:02:04,720 --> 01:02:07,720
Speaker 24: long as you're polite and professional and you know you're

1222
01:02:08,160 --> 01:02:09,440
Speaker 24: it's not a bad it's a good thing.

1223
01:02:09,960 --> 01:02:12,440
Speaker 25: Except some of the parts that discussion condor will never

1224
01:02:12,520 --> 01:02:12,880
Speaker 25: be here.

1225
01:02:14,280 --> 01:02:16,440
Speaker 2: Well that's that's the point that maybe has the problem

1226
01:02:16,520 --> 01:02:18,920
Speaker 2: with Yeah. But but I guess the other point is

1227
01:02:19,280 --> 01:02:22,640
Speaker 2: has sure we've had a debate, Connor, but has David

1228
01:02:23,080 --> 01:02:25,800
Speaker 2: Seemore won it, you know? Or was that never the point?

1229
01:02:26,040 --> 01:02:26,200
Speaker 28: You know?

1230
01:02:26,360 --> 01:02:29,840
Speaker 2: I don't know, I don't, I don't know.

1231
01:02:30,080 --> 01:02:32,840
Speaker 24: But but maybe he has won it in the sense

1232
01:02:32,920 --> 01:02:34,640
Speaker 24: that there's been a lot more discussion about it than

1233
01:02:34,640 --> 01:02:38,640
Speaker 24: there would be otherwise. And you know, people are saying, well,

1234
01:02:38,800 --> 01:02:39,280
Speaker 24: is this good?

1235
01:02:39,400 --> 01:02:39,760
Speaker 17: Is it bad?

1236
01:02:39,920 --> 01:02:41,919
Speaker 24: Is it you know, is there other ways of looking

1237
01:02:41,960 --> 01:02:44,920
Speaker 24: at it? I think that's a healthy thing. And a democracy,

1238
01:02:44,960 --> 01:02:47,320
Speaker 24: isn't it to have a discussion in a constructive way.

1239
01:02:47,800 --> 01:02:50,760
Speaker 24: I think it is unfortunate that some people on both

1240
01:02:50,800 --> 01:02:52,440
Speaker 24: sides of the argument have taken a bit of a

1241
01:02:52,480 --> 01:02:54,720
Speaker 24: negative and destructive view of things.

1242
01:02:55,320 --> 01:02:58,840
Speaker 2: But you know, isn't discussion good? Yeah? All right, hey guys,

1243
01:02:58,880 --> 01:03:01,200
Speaker 2: we have to leave it there. Thanks coming on. Mark,

1244
01:03:01,280 --> 01:03:03,800
Speaker 2: You'll have to sort out your your ears next time.

1245
01:03:04,560 --> 01:03:07,760
Speaker 25: The give a little page. I'm going to get a procedure.

1246
01:03:07,800 --> 01:03:12,240
Speaker 2: Don't just what have them taken off? That's not going

1247
01:03:12,320 --> 01:03:14,080
Speaker 2: to help going to help you?

1248
01:03:15,040 --> 01:03:16,720
Speaker 25: Stock point them at the top.

1249
01:03:17,760 --> 01:03:20,200
Speaker 2: Conoring this and Mark Sainsbury on the huddle tonight. It

1250
01:03:20,320 --> 01:03:21,880
Speaker 2: is eight minutes away from six.

1251
01:03:23,040 --> 01:03:26,280
Speaker 1: It's the Heather Duper c Allen Drive Full Show podcast

1252
01:03:26,440 --> 01:03:29,720
Speaker 1: on iHeart Radio powered by News TALKSB.

1253
01:03:31,000 --> 01:03:33,760
Speaker 2: News TALKSB and Wellington. It has just gone five minutes

1254
01:03:33,800 --> 01:03:35,960
Speaker 2: away from six and Wellington. This week they've had a

1255
01:03:36,040 --> 01:03:39,120
Speaker 2: murder suicide and roseenneath. They've had a body found outside

1256
01:03:39,320 --> 01:03:42,040
Speaker 2: a property in Northland. This is the police. They've had

1257
01:03:42,080 --> 01:03:45,640
Speaker 2: that driver ramming police cars entering five in Lower Hut

1258
01:03:45,840 --> 01:03:49,120
Speaker 2: last month they had the murder, well the death and

1259
01:03:49,240 --> 01:03:51,280
Speaker 2: mirramar So the police have got a lot going on

1260
01:03:51,440 --> 01:03:54,600
Speaker 2: and they've had to bring in more investigators into Wellington.

1261
01:03:54,720 --> 01:03:57,400
Speaker 2: Fifteen more investigators have apparently been brought into help. That's

1262
01:03:57,440 --> 01:03:59,640
Speaker 2: how bad things are in Willington at the moment. You know,

1263
01:03:59,680 --> 01:04:02,479
Speaker 2: when you something in the news and you go, oh, gosh,

1264
01:04:02,560 --> 01:04:05,160
Speaker 2: everyone's going to hate that. You know, everyone's going to

1265
01:04:05,200 --> 01:04:09,320
Speaker 2: think that's so annoying, Like I don't know, the Greens

1266
01:04:09,360 --> 01:04:12,000
Speaker 2: in their arguments about profit, for example, you think, oh,

1267
01:04:12,080 --> 01:04:15,280
Speaker 2: most people will think that's a bit silly. Well, it's

1268
01:04:15,360 --> 01:04:17,840
Speaker 2: just we're all different folks and we're all got different

1269
01:04:17,840 --> 01:04:23,000
Speaker 2: strokes and we like different things. And Meghan Sussex, the

1270
01:04:23,160 --> 01:04:25,920
Speaker 2: Duchess her collection, remember where I told you about this,

1271
01:04:26,080 --> 01:04:29,440
Speaker 2: her online shop, her collection of things that she endorses.

1272
01:04:29,520 --> 01:04:32,120
Speaker 2: I told you about this the other day and I thought, oh, well,

1273
01:04:32,200 --> 01:04:33,960
Speaker 2: who's going to buy? I mean, you look at the

1274
01:04:34,000 --> 01:04:37,040
Speaker 2: feedback she's had to this TV show that she's put

1275
01:04:37,120 --> 01:04:39,960
Speaker 2: on where she's wandering around her house in a cashmere

1276
01:04:40,040 --> 01:04:45,040
Speaker 2: sweeter with a bunch of flowers, you know, popping popcorn

1277
01:04:46,080 --> 01:04:48,480
Speaker 2: from the actual corn on the cob. And I mean,

1278
01:04:48,760 --> 01:04:51,959
Speaker 2: who has time anyway, So she's got her own line

1279
01:04:52,000 --> 01:04:56,760
Speaker 2: online and it's sold out in minutes. So just because

1280
01:04:56,800 --> 01:04:58,720
Speaker 2: you think people will hate something, doesn't think they will.

1281
01:04:59,120 --> 01:05:02,320
Speaker 2: What was on there? Twenty five New Zealand dollars for jam,

1282
01:05:02,880 --> 01:05:05,120
Speaker 2: Flower Sprinkles twenty six dollars.

1283
01:05:04,880 --> 01:05:08,360
Speaker 21: Because sorry, how much jam for twenty five dollars?

1284
01:05:08,400 --> 01:05:11,120
Speaker 2: Well, a good question, Actually it does. Haven't got that information.

1285
01:05:11,600 --> 01:05:13,400
Speaker 21: I really hope that's like a lot of jam, a

1286
01:05:13,440 --> 01:05:15,320
Speaker 21: lot of jam, or a really really good jam for

1287
01:05:15,400 --> 01:05:16,160
Speaker 21: twenty five dollars.

1288
01:05:16,360 --> 01:05:17,160
Speaker 2: I suspect it to say.

1289
01:05:17,160 --> 01:05:18,560
Speaker 21: I don't think people were swooping it and this is

1290
01:05:18,600 --> 01:05:20,160
Speaker 21: sold out because people were bargain hunting.

1291
01:05:20,360 --> 01:05:22,440
Speaker 2: No, I think that the jam would have been the same,

1292
01:05:22,480 --> 01:05:23,880
Speaker 2: you know, the ones you get in the hotels that

1293
01:05:23,920 --> 01:05:25,280
Speaker 2: are tiny. I reckon it would have been like that

1294
01:05:25,680 --> 01:05:30,200
Speaker 2: wildflower Honey Honey forty nine dollars, short Bread and Crape

1295
01:05:30,360 --> 01:05:34,080
Speaker 2: mixes twenty four dollars, Herbal Tea mix twenty one dollars,

1296
01:05:35,200 --> 01:05:36,160
Speaker 2: sold out in minutes.

1297
01:05:36,760 --> 01:05:37,080
Speaker 17: There you go.

1298
01:05:38,120 --> 01:05:40,040
Speaker 2: If you were one of the lucky buyers, give us

1299
01:05:40,040 --> 01:05:42,440
Speaker 2: a text nine two nine two What do you score?

1300
01:05:42,680 --> 01:05:45,479
Speaker 2: How do you feel? Three to six news talks. They'd

1301
01:05:45,560 --> 01:05:48,959
Speaker 2: be after Sex. We're going to talk to Sam Dicky

1302
01:05:49,000 --> 01:05:51,760
Speaker 2: from Fisher Funds. He's got some really interesting tidbits that

1303
01:05:51,840 --> 01:05:55,440
Speaker 2: we might have missed from today's Trump trade announcement.

1304
01:06:00,560 --> 01:06:22,320
Speaker 1: Where where business meets insight, the business hours with Ryan

1305
01:06:22,400 --> 01:06:27,320
Speaker 1: Bridge and Mass Insurance and investments, Grow your wealth, protect

1306
01:06:27,320 --> 01:06:28,800
Speaker 1: your future news talk.

1307
01:06:28,640 --> 01:06:31,600
Speaker 2: Said B seven after six news talks, said B Liam

1308
01:06:31,680 --> 01:06:34,080
Speaker 2: Damon on trade. In just a few moments, Jamie McKay

1309
01:06:34,280 --> 01:06:37,240
Speaker 2: as farmers breath assigned relief. The business have been a

1310
01:06:37,320 --> 01:06:39,040
Speaker 2: gp and before top of the hour will get to

1311
01:06:39,080 --> 01:06:41,080
Speaker 2: the UK. Right now, it is time to have a

1312
01:06:41,120 --> 01:06:43,800
Speaker 2: look at Trump's tariffs. He's fired as shots on trade.

1313
01:06:44,320 --> 01:06:47,600
Speaker 2: All countries get ten percent, the EU cops twenty percent.

1314
01:06:48,160 --> 01:06:50,320
Speaker 2: Asia hit quite hard. Here are the numbers for you.

1315
01:06:50,560 --> 01:06:54,800
Speaker 2: China thirty four percent, Vietnam forty six percent, Taiwan gets

1316
01:06:54,840 --> 01:06:59,240
Speaker 2: thirty two, Japan twenty four, South Korea twenty five, Thailand

1317
01:06:59,440 --> 01:07:04,479
Speaker 2: thirty six, Indonesia thirty two, Malaysia twenty four, Cambodia forty nine.

1318
01:07:05,320 --> 01:07:07,959
Speaker 2: Sam Dicky is Fisher Funds. He's with us, Hi, Sam

1319
01:07:09,400 --> 01:07:11,720
Speaker 2: good eating right now. The fact that Asia has been

1320
01:07:11,760 --> 01:07:14,360
Speaker 2: hit so hard, I mean that has implications for US

1321
01:07:14,440 --> 01:07:16,800
Speaker 2: given how much trade we do there. But in terms

1322
01:07:16,840 --> 01:07:20,000
Speaker 2: of market reaction today, that's who we've seen the biggest reaction.

1323
01:07:19,920 --> 01:07:22,240
Speaker 20: Is it not? That's right?

1324
01:07:22,320 --> 01:07:24,960
Speaker 11: Well, sort of two to three percent falls in the

1325
01:07:25,120 --> 01:07:30,000
Speaker 11: US markets after close and Asian markets like you know

1326
01:07:30,040 --> 01:07:33,280
Speaker 11: the Nick Eye in Japan down three percent, Vietnam down

1327
01:07:33,400 --> 01:07:36,120
Speaker 11: sort of four or five percent, whereas Good on New

1328
01:07:36,200 --> 01:07:37,480
Speaker 11: Zealand as did flat on the day.

1329
01:07:38,520 --> 01:07:41,520
Speaker 2: And is this what you were expecting? Were you expecting

1330
01:07:41,600 --> 01:07:42,440
Speaker 2: them to be worse than this?

1331
01:07:43,960 --> 01:07:44,000
Speaker 23: No?

1332
01:07:44,160 --> 01:07:46,520
Speaker 11: I think I mean the market generally was expecting sort

1333
01:07:46,520 --> 01:07:48,920
Speaker 11: of a global tariff of twenty percent, and I think

1334
01:07:48,960 --> 01:07:51,120
Speaker 11: the market was expecting it to be more uniform. So

1335
01:07:51,640 --> 01:07:53,800
Speaker 11: the fact that it's a twenty nine percent weighted average

1336
01:07:53,840 --> 01:07:55,480
Speaker 11: tariff around the world is worse.

1337
01:07:56,400 --> 01:07:58,800
Speaker 20: And the fact that so non uniform was quite a.

1338
01:07:58,840 --> 01:08:03,400
Speaker 2: Surprise as well. So that's a good thing because the

1339
01:08:03,520 --> 01:08:06,480
Speaker 2: market's obviously they were pricing in something bad happening over

1340
01:08:06,520 --> 01:08:08,440
Speaker 2: the last couple of weeks, weren't they. So is this

1341
01:08:08,800 --> 01:08:11,280
Speaker 2: is this sort of a bit of a sigh of relief?

1342
01:08:12,680 --> 01:08:16,679
Speaker 11: Well, I think when the big news event that everyone's

1343
01:08:16,720 --> 01:08:19,960
Speaker 11: expecting comes to pass, you do start to get some

1344
01:08:20,320 --> 01:08:21,040
Speaker 11: sign of relief.

1345
01:08:21,120 --> 01:08:23,200
Speaker 20: But to be clear, this was worse than expected.

1346
01:08:23,240 --> 01:08:26,599
Speaker 11: This is twenty nine percent versus twenty percent expected, despite

1347
01:08:26,640 --> 01:08:29,599
Speaker 11: the fact that markets have been weak, and as you said,

1348
01:08:29,600 --> 01:08:34,599
Speaker 11: it's been disproportionately negative to Asia, but especially Southeast Asia.

1349
01:08:34,760 --> 01:08:38,120
Speaker 11: You know, Vietnam, Cambodia, some of those countries have been

1350
01:08:38,320 --> 01:08:40,320
Speaker 11: with sort of forty five to fifty percent tariffs, so

1351
01:08:40,360 --> 01:08:43,960
Speaker 11: that that's definitely worse than expected, and that has flow

1352
01:08:44,040 --> 01:08:45,960
Speaker 11: on impacts as well, because there's a lot of product

1353
01:08:47,040 --> 01:08:49,640
Speaker 11: that is manufactured in those countries and a lot of

1354
01:08:49,680 --> 01:08:53,640
Speaker 11: product that's been diversified out of China. So people have

1355
01:08:53,680 --> 01:08:55,960
Speaker 11: been trying to diversify their supply chains away from China

1356
01:08:56,000 --> 01:08:58,599
Speaker 11: and they've chosen Southeast Asia is the next best.

1357
01:08:58,439 --> 01:09:03,200
Speaker 2: Option, right, So this is actually, I mean, yeah, interesting.

1358
01:09:03,520 --> 01:09:06,120
Speaker 2: And I was looking at Vietnam today. They I think

1359
01:09:06,160 --> 01:09:09,160
Speaker 2: it's about thirty percent of you know, more than one

1360
01:09:09,200 --> 01:09:11,479
Speaker 2: hundred billion dollars of what they produced goes to the

1361
01:09:11,600 --> 01:09:14,680
Speaker 2: United States and they've been hit with what was it

1362
01:09:14,880 --> 01:09:17,720
Speaker 2: forty six percent. I mean, that's that's for that kind

1363
01:09:17,760 --> 01:09:19,479
Speaker 2: of country. That's pretty crippling, isn't it.

1364
01:09:20,920 --> 01:09:22,960
Speaker 11: That's right, But I mean, you know, we had been

1365
01:09:23,000 --> 01:09:25,479
Speaker 11: here in the last few days that Vietnam had been

1366
01:09:26,200 --> 01:09:29,280
Speaker 11: feverishly trying to, you know, walk back some of the

1367
01:09:29,400 --> 01:09:32,599
Speaker 11: tariffs it had on US goods imported into its country.

1368
01:09:32,640 --> 01:09:35,120
Speaker 20: You hear to this, but I guess you know, too little,

1369
01:09:35,120 --> 01:09:35,920
Speaker 20: too late at the stage.

1370
01:09:35,960 --> 01:09:37,960
Speaker 11: But this is going to be critical to watch in

1371
01:09:38,000 --> 01:09:40,720
Speaker 11: the coming days and weeks, is do some of these

1372
01:09:40,760 --> 01:09:44,760
Speaker 11: countries back down reduce the tariffs on US imported goods,

1373
01:09:44,800 --> 01:09:47,439
Speaker 11: which will in turn allow the US to back down

1374
01:09:47,520 --> 01:09:49,799
Speaker 11: and lower the reciprocal tariffs.

1375
01:09:50,520 --> 01:09:53,599
Speaker 2: Now, let's talk about some New Zealand stocks for example,

1376
01:09:53,760 --> 01:09:56,000
Speaker 2: I mean the likes of Fisher and Pike or what

1377
01:09:56,240 --> 01:10:01,120
Speaker 2: happens with them? What did you any carve our workarounds

1378
01:10:01,160 --> 01:10:03,640
Speaker 2: for these types of businesses from what you heard today.

1379
01:10:04,320 --> 01:10:06,759
Speaker 20: Yeah, fishing and Pocal healthcare super interesting.

1380
01:10:06,800 --> 01:10:08,320
Speaker 11: It had a bit of a roller coaster day, down

1381
01:10:08,320 --> 01:10:11,040
Speaker 11: as much as seven percent at one stage, but encouraged,

1382
01:10:11,240 --> 01:10:13,120
Speaker 11: encouraging me finished up on the day.

1383
01:10:13,200 --> 01:10:14,360
Speaker 20: And a couple of reasons for that.

1384
01:10:14,400 --> 01:10:16,800
Speaker 11: The first is stock had been a bit soft running

1385
01:10:16,840 --> 01:10:21,320
Speaker 11: into this and anticipation, but much more importantly, while New

1386
01:10:21,400 --> 01:10:25,240
Speaker 11: Zealand was slapped with a ten percent tariff Mexico, where

1387
01:10:25,720 --> 01:10:28,559
Speaker 11: FPH manufactures about sixty percent of the product that goes

1388
01:10:28,600 --> 01:10:32,160
Speaker 11: into the US did not receive any incremental tariffs, and

1389
01:10:32,240 --> 01:10:34,160
Speaker 11: above the twenty five percent tariff.

1390
01:10:34,479 --> 01:10:35,160
Speaker 20: It got earlier.

1391
01:10:35,200 --> 01:10:39,920
Speaker 11: But most importantly, the White House confirmed that products manufactured

1392
01:10:39,960 --> 01:10:43,679
Speaker 11: in Mexico that are compliant with the US Canada Mexico

1393
01:10:43,760 --> 01:10:47,280
Speaker 11: Trade Agreement will have zero tariffs. And almost all of

1394
01:10:47,439 --> 01:10:53,080
Speaker 11: fph's products and Mexico is compliant, So that was really important.

1395
01:10:53,080 --> 01:10:54,840
Speaker 11: And I've got to say, you know, we've been looking

1396
01:10:54,840 --> 01:10:56,439
Speaker 11: at a lot of companies around the world today and

1397
01:10:56,560 --> 01:10:57,720
Speaker 11: how they've reacted.

1398
01:10:57,360 --> 01:10:58,360
Speaker 20: To this and what they've said.

1399
01:10:59,000 --> 01:11:01,800
Speaker 11: It was an absolute breath of fresh air to see

1400
01:11:01,880 --> 01:11:05,320
Speaker 11: the clarity that FPH gave the stock market with their release,

1401
01:11:05,360 --> 01:11:06,919
Speaker 11: and that's quite rare globally.

1402
01:11:07,600 --> 01:11:09,360
Speaker 2: Yeah, well, they would be one of the lucky ones,

1403
01:11:09,400 --> 01:11:10,800
Speaker 2: wouldn't they. It's the lucky few.

1404
01:11:11,560 --> 01:11:12,160
Speaker 17: What is all of this?

1405
01:11:12,240 --> 01:11:14,080
Speaker 11: Well, not so much the lucky few, but it's just

1406
01:11:14,400 --> 01:11:18,680
Speaker 11: the clarity with which they put in that release, and

1407
01:11:18,760 --> 01:11:21,280
Speaker 11: that gave the clarity to investors that that's quite rare.

1408
01:11:21,360 --> 01:11:24,240
Speaker 20: So I think that's right, a lesson for other companies

1409
01:11:24,280 --> 01:11:24,840
Speaker 20: around the world.

1410
01:11:25,800 --> 01:11:27,480
Speaker 2: What does all of this mean for investors?

1411
01:11:29,840 --> 01:11:32,320
Speaker 20: Well, we're two from here. I think is critical.

1412
01:11:32,400 --> 01:11:34,960
Speaker 11: So I always think, and this is a bit of

1413
01:11:35,000 --> 01:11:38,200
Speaker 11: a fraud exercises trying to understand why is Trump doing this,

1414
01:11:38,360 --> 01:11:41,280
Speaker 11: But if we take them at face value, it's important

1415
01:11:41,280 --> 01:11:43,280
Speaker 11: and it helps us begin to understand the end game.

1416
01:11:43,400 --> 01:11:47,920
Speaker 11: So ostensibly it is to reduce the persistent US trade deficits,

1417
01:11:47,960 --> 01:11:50,080
Speaker 11: It is to return manufacturing to the US, and it

1418
01:11:50,200 --> 01:11:52,719
Speaker 11: is to serve as a bargainingship to drive lower tariffs

1419
01:11:53,320 --> 01:11:56,040
Speaker 11: on US goods important into other countries. So if any

1420
01:11:56,120 --> 01:11:59,960
Speaker 11: of those things start happening, we could see an easy

1421
01:12:00,400 --> 01:12:01,960
Speaker 11: of this pretty draconian policy.

1422
01:12:02,040 --> 01:12:03,200
Speaker 20: So that's the first point.

1423
01:12:04,200 --> 01:12:06,840
Speaker 11: The second point is there's a bit of water to

1424
01:12:06,880 --> 01:12:10,160
Speaker 11: go into the bridge here that these tariffs weren't uniform.

1425
01:12:10,880 --> 01:12:13,360
Speaker 20: And take Apple. Apple is a great case in point.

1426
01:12:13,600 --> 01:12:18,320
Speaker 11: It was down sort of seven percent after market, not

1427
01:12:18,520 --> 01:12:20,800
Speaker 11: only because it gets hit harder than expected on its

1428
01:12:20,840 --> 01:12:24,439
Speaker 11: manufacturing in China, but perversely, it also gets hit harder

1429
01:12:24,479 --> 01:12:28,040
Speaker 11: than expected on the manufacturing it had moved to Southeast

1430
01:12:28,080 --> 01:12:33,600
Speaker 11: Asia and India to diversify away from China. So I

1431
01:12:33,720 --> 01:12:36,840
Speaker 11: think two points there. If we see those two things

1432
01:12:36,880 --> 01:12:39,240
Speaker 11: happen that Trump once, then we could see and easy

1433
01:12:39,280 --> 01:12:43,280
Speaker 11: of this policy. But secondly, there's a bit of a

1434
01:12:43,360 --> 01:12:45,280
Speaker 11: bit of uncertain water to go into the bridge for

1435
01:12:45,360 --> 01:12:48,280
Speaker 11: some of these companies where where they make decisions about

1436
01:12:48,560 --> 01:12:50,000
Speaker 11: where to manufacture in the future.

1437
01:12:50,360 --> 01:12:52,640
Speaker 2: With hope it doesn't last too long. Sam, thank you

1438
01:12:52,800 --> 01:12:54,760
Speaker 2: very much for being with me tonight. Sam Dickie film

1439
01:12:54,880 --> 01:12:58,160
Speaker 2: Fisher Funds. Just to recap, Sam said, this is much

1440
01:12:58,240 --> 01:13:01,040
Speaker 2: worse than what was being expected by the markets. Fisher

1441
01:13:01,080 --> 01:13:02,880
Speaker 2: and bikele is going to be okay, despite the fact

1442
01:13:02,880 --> 01:13:05,320
Speaker 2: that they are manufacturing in Mexico and exporting into the

1443
01:13:05,400 --> 01:13:08,760
Speaker 2: United States. Asia was hit hard, and Southeast Asia particularly hard.

1444
01:13:09,200 --> 01:13:11,519
Speaker 2: Thirteen after six News Talk zb we will get to

1445
01:13:11,600 --> 01:13:15,120
Speaker 2: Jamie McKay from the Country shortly and Liam Dan from

1446
01:13:15,160 --> 01:13:15,559
Speaker 2: The Herald.

1447
01:13:16,479 --> 01:13:19,880
Speaker 1: It's the Heather dupas Allen Drive Full Show podcast on

1448
01:13:20,120 --> 01:13:22,639
Speaker 1: iHeartRadio empowered by News Talk ZEBBI.

1449
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Speaker 2: There is a bold, design centric five star hotel in

1450
01:13:27,720 --> 01:13:31,240
Speaker 2: downtown Auckland, So Auckland, and it's a great place to visit.

1451
01:13:31,400 --> 01:13:33,639
Speaker 2: I can highly recommend it. The first thing that strikes

1452
01:13:33,680 --> 01:13:35,439
Speaker 2: you when you go there is just how different so

1453
01:13:35,600 --> 01:13:38,759
Speaker 2: Walkman feels from a typical five star. The lobbies packed

1454
01:13:38,760 --> 01:13:42,680
Speaker 2: with personality, there's artwork everywhere, breakfast, lunch and dinner are

1455
01:13:42,720 --> 01:13:45,760
Speaker 2: all served at the Harbor Society restaurant on the fifteenth floor.

1456
01:13:45,800 --> 01:13:49,000
Speaker 2: It's very nice and where the behaving. You get stunning

1457
01:13:49,120 --> 01:13:52,160
Speaker 2: views of the harbor. They are offered through floor to

1458
01:13:52,240 --> 01:13:55,559
Speaker 2: ceiling windows. Every table has a window seat, so everyone

1459
01:13:55,640 --> 01:13:58,640
Speaker 2: gets to enjoy the view. It's equal opportunity. Here you

1460
01:13:58,760 --> 01:14:01,920
Speaker 2: watch dozens upon of yachts returning to the marina as

1461
01:14:01,960 --> 01:14:05,200
Speaker 2: the sun sets. It's stunning. At night, the rooftop bar

1462
01:14:05,400 --> 01:14:08,040
Speaker 2: comes alive. There's colorful lights throughout the building. There's all

1463
01:14:08,080 --> 01:14:11,599
Speaker 2: these unexpected little lighting choices. Even in the lifts. There's

1464
01:14:11,720 --> 01:14:13,840
Speaker 2: mirrors on the walls. That's selling the floor. It's like

1465
01:14:13,920 --> 01:14:17,400
Speaker 2: a party in there. So Auckland really is so impressive.

1466
01:14:17,600 --> 01:14:20,760
Speaker 2: So treat yourself, enjoy a break away from the every

1467
01:14:20,840 --> 01:14:24,280
Speaker 2: day at so Auckland. Sometimes soon encroaching.

1468
01:14:23,840 --> 01:14:27,360
Speaker 1: The numbers and getting the results. It's Ryan Bridge with

1469
01:14:27,520 --> 01:14:32,120
Speaker 1: the Business Hour and MAS Insurance and Investments Crew, your wealth,

1470
01:14:32,320 --> 01:14:34,000
Speaker 1: Protect your future news dogs.

1471
01:14:34,040 --> 01:14:38,120
Speaker 2: That'd be six seventeen Jamie McKay. Next Liam dan linzid

1472
01:14:38,160 --> 01:14:40,920
Speaker 2: Herald's Business editor at large with us Now Liam, good evening.

1473
01:14:41,320 --> 01:14:41,920
Speaker 17: Good day, Ryan.

1474
01:14:42,120 --> 01:14:45,120
Speaker 2: So all this tariff talk we're going to talk. We're

1475
01:14:45,120 --> 01:14:48,400
Speaker 2: going to keep it simple for people tonight. Yeah, and

1476
01:14:48,560 --> 01:14:51,400
Speaker 2: I need that more than anyone. So what does it

1477
01:14:51,600 --> 01:14:53,519
Speaker 2: mean for our mortgage rates?

1478
01:14:54,560 --> 01:14:56,000
Speaker 29: Well, great question.

1479
01:14:57,000 --> 01:14:57,640
Speaker 25: So look, the.

1480
01:14:59,240 --> 01:15:01,800
Speaker 29: Tariffs, you know, those direct houts. You've heard people talking

1481
01:15:01,840 --> 01:15:04,880
Speaker 29: about the direct tariffs. We can probably manage them. But

1482
01:15:06,640 --> 01:15:09,439
Speaker 29: the trouble is what happens to the US economy affects US.

1483
01:15:09,560 --> 01:15:12,840
Speaker 29: So if they are inflationary for the US economy, and

1484
01:15:12,920 --> 01:15:15,120
Speaker 29: that does look, you know, that's what the markets are expecting,

1485
01:15:16,160 --> 01:15:19,519
Speaker 29: and you see the US Federal Reserve is unable to

1486
01:15:19,560 --> 01:15:24,080
Speaker 29: cut rates. They may even worry about inflation and talk

1487
01:15:24,120 --> 01:15:27,679
Speaker 29: about putting rates up. That puts up the international cost

1488
01:15:27,760 --> 01:15:31,320
Speaker 29: of borrowing, so that the US yields really set the market.

1489
01:15:31,439 --> 01:15:34,920
Speaker 29: So that would put up with pressure on borrowing costs

1490
01:15:34,960 --> 01:15:38,760
Speaker 29: for our banks. And so you know, you could, I

1491
01:15:38,840 --> 01:15:41,439
Speaker 29: mean the Reserve Bank could counter that by cutting the

1492
01:15:41,520 --> 01:15:44,360
Speaker 29: OCR a bit lower. But ultimately that you know that

1493
01:15:44,600 --> 01:15:49,120
Speaker 29: the trouble is the US economy is so influential on

1494
01:15:49,200 --> 01:15:52,479
Speaker 29: everything else that happens in financial markets. So even if

1495
01:15:52,560 --> 01:15:54,240
Speaker 29: New Zealand, New Zealand's got a lot of work to

1496
01:15:54,320 --> 01:15:56,920
Speaker 29: do to negotiate this anyway, and we've got our own

1497
01:15:57,000 --> 01:16:01,719
Speaker 29: risks around, you know, slow down because our trading partners

1498
01:16:01,720 --> 01:16:03,320
Speaker 29: are hit harder and all the rest of it. But

1499
01:16:03,880 --> 01:16:06,360
Speaker 29: you know, what happens in the US economy will matter too.

1500
01:16:07,479 --> 01:16:10,000
Speaker 2: Right, Let's talk the dollar. What happens with the dollar.

1501
01:16:10,880 --> 01:16:11,880
Speaker 20: Well, it's been.

1502
01:16:11,840 --> 01:16:14,920
Speaker 29: Bouncing around all over the place. Today, it went down

1503
01:16:14,960 --> 01:16:16,639
Speaker 29: and up and down and up and ended up. It's

1504
01:16:16,680 --> 01:16:19,080
Speaker 29: fifty seven something now, so it's actually kind of up.

1505
01:16:19,160 --> 01:16:22,479
Speaker 29: So the issue is, on the one hand, you've got

1506
01:16:22,920 --> 01:16:24,080
Speaker 29: inflationary risk.

1507
01:16:25,520 --> 01:16:26,040
Speaker 20: In the US.

1508
01:16:26,080 --> 01:16:28,000
Speaker 29: On the other hand, you've got people talking about a recession.

1509
01:16:28,160 --> 01:16:31,160
Speaker 29: So you know which one's going to sort of which

1510
01:16:31,160 --> 01:16:32,599
Speaker 29: way is it going to break or are they going

1511
01:16:32,640 --> 01:16:36,920
Speaker 29: to be stuck with stagflation which is recession and higher inflation,

1512
01:16:37,000 --> 01:16:40,840
Speaker 29: which should be terrible for everyone too. So look, it's

1513
01:16:40,920 --> 01:16:43,679
Speaker 29: not one hundred percent clear, cup, but if the inflation,

1514
01:16:44,400 --> 01:16:46,800
Speaker 29: if it's inflationary in the States, you'd expect that to

1515
01:16:46,880 --> 01:16:48,960
Speaker 29: keep interest rates up, to keep the US dollar up,

1516
01:16:49,280 --> 01:16:52,600
Speaker 29: and our dollar would stay low, which actually, you know,

1517
01:16:52,920 --> 01:16:56,760
Speaker 29: it does help offset things for the our exporters, you know,

1518
01:16:56,840 --> 01:16:59,400
Speaker 29: the load dollars really helping bring dollars in the new

1519
01:16:59,479 --> 01:17:03,640
Speaker 29: Zealand dollars terms and keeping us competitive. It's not so

1520
01:17:03,760 --> 01:17:06,479
Speaker 29: good on the import site, so that could import a

1521
01:17:06,520 --> 01:17:09,760
Speaker 29: bit of inflation at a dollar stays low, so you know,

1522
01:17:09,880 --> 01:17:13,559
Speaker 29: could be facing a bit of inflation pressure here as well,

1523
01:17:14,160 --> 01:17:16,400
Speaker 29: which again would squeeze the reserve bank because it's looking

1524
01:17:16,479 --> 01:17:19,880
Speaker 29: at you know, that trade off between keeping inflation under

1525
01:17:19,920 --> 01:17:22,879
Speaker 29: control and stopping the economy slowing down too much.

1526
01:17:23,120 --> 01:17:26,000
Speaker 2: And key we sab run us through it.

1527
01:17:26,080 --> 01:17:29,120
Speaker 29: Well, it's already yeah, Kee We Saver is already looking rough, right,

1528
01:17:29,320 --> 01:17:35,559
Speaker 29: So you know, we are hugely influenced by Wall Street.

1529
01:17:36,479 --> 01:17:39,599
Speaker 29: Our funds have a large exposure. I know, I've talked

1530
01:17:39,640 --> 01:17:41,920
Speaker 29: to some fund managers who are you know, there is

1531
01:17:42,040 --> 01:17:45,360
Speaker 29: talk about shifting out towards Europe and looking back at

1532
01:17:45,400 --> 01:17:48,479
Speaker 29: other parts of the world, but really where Wall Street goes,

1533
01:17:48,560 --> 01:17:52,439
Speaker 29: everyone sort of follows. And so it's been it's been off,

1534
01:17:52,520 --> 01:17:54,679
Speaker 29: it's going to be you know, the futures are saying

1535
01:17:54,680 --> 01:17:56,840
Speaker 29: you're looking at it two to three percent off again tonight.

1536
01:17:58,000 --> 01:17:59,360
Speaker 29: So yeah, not going to be a great day to

1537
01:17:59,400 --> 01:18:02,639
Speaker 29: look at your key savor tomorrow or in the next

1538
01:18:02,840 --> 01:18:03,639
Speaker 29: next couple of weeks.

1539
01:18:03,680 --> 01:18:05,120
Speaker 9: I guess it's just we don't.

1540
01:18:05,000 --> 01:18:08,040
Speaker 29: Know, it is a giant experiment. What happens from here,

1541
01:18:08,160 --> 01:18:12,120
Speaker 29: you know, how much of its negotiation, how those negotiations go,

1542
01:18:12,320 --> 01:18:14,160
Speaker 29: whether it escalates to a bigger trade war.

1543
01:18:14,320 --> 01:18:16,599
Speaker 16: So, yeah, there was a rough one.

1544
01:18:16,640 --> 01:18:18,640
Speaker 29: Markets have to, you know, process that this was a

1545
01:18:18,680 --> 01:18:22,599
Speaker 29: more aggressive starting point than maybe they had expected. They'd

1546
01:18:22,640 --> 01:18:25,760
Speaker 29: been in pricing some of this sin but they'll have

1547
01:18:25,840 --> 01:18:29,880
Speaker 29: to absorb that and then you know, we hope that

1548
01:18:30,000 --> 01:18:33,599
Speaker 29: doesn't doesn't escalate from here, that if anything, it could

1549
01:18:33,640 --> 01:18:36,639
Speaker 29: be dialed back, but that remains to be seen. Unfortunately.

1550
01:18:36,760 --> 01:18:38,599
Speaker 2: Yeah, we're all holding on breadth and hoping that they

1551
01:18:38,760 --> 01:18:41,439
Speaker 2: it doesn't escalate any further. Didn't thank you very much

1552
01:18:41,479 --> 01:18:44,000
Speaker 2: for that. Lend down Insid Herald Business editor at Large

1553
01:18:44,080 --> 01:18:48,519
Speaker 2: on Trump's tariffs announced today twenty one minutes after six. Actually,

1554
01:18:48,560 --> 01:18:50,640
Speaker 2: one thought I had today is what happened to the

1555
01:18:50,760 --> 01:18:54,679
Speaker 2: agriculture tariff? Remember Trump said there was an agriculture tariff?

1556
01:18:55,439 --> 01:18:58,599
Speaker 2: Was that just did he mean tariffs generally which would

1557
01:18:58,680 --> 01:19:01,479
Speaker 2: help the agricultural sect or was there something else? Anyway?

1558
01:19:01,560 --> 01:19:02,919
Speaker 2: Jamie McKay is here next.

1559
01:19:03,439 --> 01:19:06,920
Speaker 1: The Rural Report with MSD Animal Health, home of the

1560
01:19:07,000 --> 01:19:09,920
Speaker 1: new all Flax rapid EBODAGS.

1561
01:19:09,320 --> 01:19:11,639
Speaker 2: Six twenty four News Talks. There'd be Jamie mckaye, host

1562
01:19:11,720 --> 01:19:13,479
Speaker 2: of the Country with me tonight, Jamie good evening.

1563
01:19:14,280 --> 01:19:14,920
Speaker 16: Good Ay, Ryan.

1564
01:19:15,120 --> 01:19:18,080
Speaker 2: How what's the reaction been like the rural sector to

1565
01:19:18,360 --> 01:19:20,400
Speaker 2: the tariff announcement today from Donald Trump?

1566
01:19:20,560 --> 01:19:22,680
Speaker 16: Well, well, it depends on who you're listening to.

1567
01:19:22,760 --> 01:19:25,880
Speaker 28: I heard just talking to Tod McLay Ryan just after

1568
01:19:26,000 --> 01:19:29,880
Speaker 28: five o'clock, and I've seen Luxon saying tariffs are no.

1569
01:19:29,960 --> 01:19:32,240
Speaker 16: Good for anybody on the world stage.

1570
01:19:32,760 --> 01:19:36,280
Speaker 28: Yet I spoke to Winston Peters, obviously Foreign Affairs Minister.

1571
01:19:37,240 --> 01:19:39,360
Speaker 28: Some people would say he's a bit pro America, but

1572
01:19:39,520 --> 01:19:41,760
Speaker 28: he thought it was a good result for US, and

1573
01:19:41,880 --> 01:19:43,880
Speaker 28: I guess when you look at some of the other

1574
01:19:44,000 --> 01:19:48,719
Speaker 28: countries like Cambodia and Vietnam, relatively it's a good result

1575
01:19:48,880 --> 01:19:53,639
Speaker 28: from a primary sector point of view, Ryan, I don't

1576
01:19:53,680 --> 01:19:57,040
Speaker 28: think Dary will be too badly affected, although in saying

1577
01:19:57,080 --> 01:19:59,600
Speaker 28: that only six percent of our dairy stuff goes to

1578
01:19:59,640 --> 01:20:03,080
Speaker 28: the U. But our biggest market for Darry is obviously

1579
01:20:03,200 --> 01:20:06,680
Speaker 28: China with a thirty four percent tariff. Their economy is

1580
01:20:06,760 --> 01:20:10,000
Speaker 28: obviously going to be affected by this. So really the

1581
01:20:10,080 --> 01:20:12,960
Speaker 28: clicker for US is what effect it has on other

1582
01:20:13,040 --> 01:20:17,040
Speaker 28: economies are other customers. I think from a primary sector

1583
01:20:17,120 --> 01:20:19,479
Speaker 28: point of view, just my take on it, meat and

1584
01:20:19,520 --> 01:20:22,920
Speaker 28: wine would be the worst effect. You take the United

1585
01:20:22,920 --> 01:20:26,599
Speaker 28: States as our biggest red meat market. When it comes

1586
01:20:26,640 --> 01:20:29,479
Speaker 28: to sheep meat, it's second only to China, and when

1587
01:20:29,560 --> 01:20:33,080
Speaker 28: it comes to beef, it's the biggest by a country mile,

1588
01:20:33,160 --> 01:20:36,960
Speaker 28: almost twice out of China. So you know, nine billion dollars,

1589
01:20:37,160 --> 01:20:40,519
Speaker 28: as Tod McClay said, that's a nine hundred million dollar tariff.

1590
01:20:40,800 --> 01:20:43,240
Speaker 28: We're better off than a lot of countries. But I

1591
01:20:43,280 --> 01:20:44,760
Speaker 28: think we'd be better off without them.

1592
01:20:45,040 --> 01:20:47,560
Speaker 2: Yeah, well, yeah, the whole world would be, would we.

1593
01:20:48,439 --> 01:20:51,479
Speaker 2: Did you remember when Donald Trump tweeted on a whatever

1594
01:20:51,520 --> 01:20:54,320
Speaker 2: you call it on his truth social site about an

1595
01:20:54,360 --> 01:20:58,280
Speaker 2: agriculture It seemed to imply there was a specific agriculture

1596
01:20:58,320 --> 01:21:00,960
Speaker 2: tariff coming and we were a bit worried about that.

1597
01:21:01,360 --> 01:21:04,200
Speaker 2: I'm assuming, Jamie, this is what he was talking about,

1598
01:21:04,240 --> 01:21:08,280
Speaker 2: and that it will benefit agriculture American agricultural producers rather

1599
01:21:08,400 --> 01:21:11,720
Speaker 2: than a specific agricultural tariff. Is that your understanding too?

1600
01:21:12,560 --> 01:21:12,760
Speaker 16: Well?

1601
01:21:12,800 --> 01:21:15,360
Speaker 28: The man confuses me, to be perfectly honest, I can't

1602
01:21:15,400 --> 01:21:17,960
Speaker 28: quite figure out how he's figured out that he's paying

1603
01:21:18,000 --> 01:21:21,559
Speaker 28: a twenty percent tariff to put stuff into New Zealand.

1604
01:21:21,600 --> 01:21:24,920
Speaker 28: I've heard all sorts of explanations how that number's gone about,

1605
01:21:24,960 --> 01:21:28,519
Speaker 28: but it would be primary school maths, bad primary school maths.

1606
01:21:28,560 --> 01:21:30,880
Speaker 16: He's used to come up with that number.

1607
01:21:31,760 --> 01:21:34,800
Speaker 28: Look, I think certainly in the short term, maybe in

1608
01:21:34,880 --> 01:21:37,519
Speaker 28: the medium term we're just going to have to put

1609
01:21:37,640 --> 01:21:40,320
Speaker 28: up with it. And maybe and there is as once

1610
01:21:40,560 --> 01:21:43,600
Speaker 28: Peter said that on my show, there is possibilities that

1611
01:21:43,960 --> 01:21:47,680
Speaker 28: markets could open up for us elsewhere where we can

1612
01:21:47,800 --> 01:21:50,920
Speaker 28: be more competitive because of our lower tariff right into

1613
01:21:50,920 --> 01:21:53,360
Speaker 28: the US. So look, we'll see how it plays out,

1614
01:21:53,640 --> 01:21:55,639
Speaker 28: but I'm with Luxan on this one. We'd be better

1615
01:21:55,720 --> 01:21:56,839
Speaker 28: off without the tariffs.

1616
01:21:57,680 --> 01:22:00,200
Speaker 2: Very briefly, Jamie, we've got this twenty four year old

1617
01:22:00,320 --> 01:22:03,559
Speaker 2: Meghan White who is going for gold, the only female

1618
01:22:03,600 --> 01:22:06,160
Speaker 2: contestant and the young farmer regional finals.

1619
01:22:07,120 --> 01:22:10,040
Speaker 28: Well, the last of the of their regional finals, remember

1620
01:22:10,120 --> 01:22:11,960
Speaker 28: the seven of them. The last of them is happening

1621
01:22:12,040 --> 01:22:15,760
Speaker 28: this weekend down in Winton and Southland Heartland, Southland, and

1622
01:22:15,920 --> 01:22:20,320
Speaker 28: she is the only female finalist and all the rest

1623
01:22:20,360 --> 01:22:23,400
Speaker 28: of males obviously, so if she were to get through

1624
01:22:23,479 --> 01:22:26,880
Speaker 28: and win that Otago Southland Regional final. She would be

1625
01:22:26,960 --> 01:22:32,320
Speaker 28: the only female finalist. The other six regional finalists already decided.

1626
01:22:32,360 --> 01:22:37,000
Speaker 28: Our blokes remembering Emma Emma Paul one the young farmer

1627
01:22:37,040 --> 01:22:39,519
Speaker 28: of the Air Grand Final, first female and only female

1628
01:22:39,560 --> 01:22:43,120
Speaker 28: to do so in twenty twenty three. But look the

1629
01:22:43,320 --> 01:22:45,559
Speaker 28: three first time is and there'll be another first time

1630
01:22:45,760 --> 01:22:47,200
Speaker 28: coming out of Otago Southland.

1631
01:22:47,360 --> 01:22:48,519
Speaker 16: But the ones to keep an eye on.

1632
01:22:48,560 --> 01:22:52,680
Speaker 28: I'm hearing Hugh Jackson bay Plenty, second time finalist, he

1633
01:22:53,280 --> 01:22:57,280
Speaker 28: finished third behind Emma Paul in twenty twenty three. George

1634
01:22:57,360 --> 01:23:02,120
Speaker 28: Leatham at a Tasman, Gareth Gareth Mkirchengi, both second timers,

1635
01:23:02,840 --> 01:23:06,000
Speaker 28: both were in the Grand Final last year. So watch

1636
01:23:06,080 --> 01:23:08,839
Speaker 28: out for those three names. And I'm hearing Hugh Jackson's

1637
01:23:08,880 --> 01:23:11,559
Speaker 28: the favorite. I've probably just given him the commentators kiss

1638
01:23:11,600 --> 01:23:11,920
Speaker 28: of death.

1639
01:23:12,040 --> 01:23:15,400
Speaker 2: Ryan, Yes you might hear Jamie appreciate your time, Jamie mckaye,

1640
01:23:15,439 --> 01:23:17,679
Speaker 2: host of the Country. And good luck to Megan White

1641
01:23:17,720 --> 01:23:20,360
Speaker 2: of course as well. Twenty eight minutes after Sex News talks,

1642
01:23:20,360 --> 01:23:22,559
Speaker 2: they'd be coming up the business of running a GP

1643
01:23:22,720 --> 01:23:25,840
Speaker 2: clinic apparently doesn't really add up. And we're in the

1644
01:23:25,960 --> 01:23:26,640
Speaker 2: UK within the.

1645
01:23:26,680 --> 01:23:40,040
Speaker 30: Brady start, whether it's Macro Micro or just playing economics.

1646
01:23:40,360 --> 01:23:44,360
Speaker 1: It's all on the business hours with Ryan Bridge and theirs.

1647
01:23:44,520 --> 01:23:48,880
Speaker 1: Insurance and investments, Grow your wealth, protect your future, youth talks.

1648
01:23:48,920 --> 01:23:51,160
Speaker 5: He'd be in power.

1649
01:23:53,920 --> 01:23:55,160
Speaker 23: My name si.

1650
01:23:57,439 --> 01:23:58,480
Speaker 15: Jap Moselle.

1651
01:24:03,479 --> 01:24:06,000
Speaker 2: It's twenty three minutes away from seven news talk c'd b.

1652
01:24:06,080 --> 01:24:07,639
Speaker 2: We'll get to end a Brady out of the UK

1653
01:24:08,000 --> 01:24:10,120
Speaker 2: in just a few moments, well before seven o'clock. And

1654
01:24:10,160 --> 01:24:12,760
Speaker 2: I promise you that because it'd be interesting to see.

1655
01:24:12,800 --> 01:24:16,000
Speaker 2: Did Starma players cards right? He They've got away with

1656
01:24:16,080 --> 01:24:19,599
Speaker 2: ten percent, the EUS getting twenty percent, So did Starma

1657
01:24:19,680 --> 01:24:23,280
Speaker 2: do something right? I saw Canada was quite upset with

1658
01:24:23,360 --> 01:24:26,760
Speaker 2: the UK, just because they share the same king as

1659
01:24:26,840 --> 01:24:29,240
Speaker 2: we all do. But they were at Canada was upset

1660
01:24:29,280 --> 01:24:31,400
Speaker 2: with the UK because they felt like the UK didn't

1661
01:24:31,400 --> 01:24:34,680
Speaker 2: stand up for them enough against Donald Trump. So as

1662
01:24:34,760 --> 01:24:39,760
Speaker 2: far as school Yard, you know, spats go, why went

1663
01:24:39,840 --> 01:24:41,840
Speaker 2: you standing up for me when I was being picked

1664
01:24:41,880 --> 01:24:44,920
Speaker 2: on by that person? It's all a bit sad and pathetic, really,

1665
01:24:45,000 --> 01:24:46,240
Speaker 2: isn't it. But at the end of the day, what

1666
01:24:46,360 --> 01:24:48,280
Speaker 2: it shows you is it doesn't matter who your king is,

1667
01:24:48,760 --> 01:24:53,000
Speaker 2: your country comes first. Twenty three to seven Bryan Bridge,

1668
01:24:53,400 --> 01:24:55,240
Speaker 2: who would want to run a GP clinic, But the

1669
01:24:55,320 --> 01:24:58,960
Speaker 2: answer from today's New Zealand Initiative report is perhaps not many.

1670
01:25:00,320 --> 01:25:03,880
Speaker 2: The gps who are running them are aging and overworked.

1671
01:25:04,320 --> 01:25:06,560
Speaker 2: They are struggling to keep their business running because of

1672
01:25:06,640 --> 01:25:09,920
Speaker 2: the number of patients they have to see, the operating

1673
01:25:10,000 --> 01:25:12,560
Speaker 2: costs they are faced with, They're blowing out. Funding is

1674
01:25:12,640 --> 01:25:16,240
Speaker 2: not keeping pace and the ailments that people are presenting

1675
01:25:16,320 --> 01:25:19,920
Speaker 2: with are increasingly complicated. Doctor prabarney Wood is a GP

1676
01:25:20,200 --> 01:25:23,920
Speaker 2: and New Zealand Initiative research fellow who did this report

1677
01:25:24,720 --> 01:25:27,800
Speaker 2: and it's with me now. Good evening, Good evening, Ryan,

1678
01:25:28,160 --> 01:25:30,519
Speaker 2: Nice to have you on the program. Give us a

1679
01:25:30,600 --> 01:25:33,639
Speaker 2: sense how hard is it to run a GP clinic.

1680
01:25:36,360 --> 01:25:40,879
Speaker 31: I have to be honest, it's pretty hard. The funding

1681
01:25:41,560 --> 01:25:44,840
Speaker 31: and it just doesn't cover the costs of delivering the

1682
01:25:44,960 --> 01:25:50,080
Speaker 31: care that our patients need. And add to that the

1683
01:25:50,560 --> 01:25:56,160
Speaker 31: working conditions under which gps currently have to work, which

1684
01:25:56,320 --> 01:26:01,719
Speaker 31: means that a lot of our time is spent doing vital,

1685
01:26:02,120 --> 01:26:07,240
Speaker 31: non patient facing work such as following up referrals, looking

1686
01:26:07,240 --> 01:26:11,880
Speaker 31: at blood results, those type of things. Those that time

1687
01:26:12,040 --> 01:26:16,560
Speaker 31: is not paid for, So as a business owner, you

1688
01:26:16,680 --> 01:26:19,280
Speaker 31: would have to pay for your employees to carry out

1689
01:26:19,360 --> 01:26:22,080
Speaker 31: that work, but then the business loses money as a result.

1690
01:26:22,640 --> 01:26:24,519
Speaker 2: You can charge a co payment though, right.

1691
01:26:25,880 --> 01:26:29,760
Speaker 31: The co payment is only what the patient pays when

1692
01:26:29,760 --> 01:26:33,880
Speaker 31: they come and see you for their appointment. So four

1693
01:26:33,920 --> 01:26:37,880
Speaker 31: and a half hours of seeing patients generates about three

1694
01:26:37,920 --> 01:26:41,360
Speaker 31: and a half hours of non patient facing time that's

1695
01:26:41,439 --> 01:26:45,560
Speaker 31: not paid and certainly isn't covered by the money the

1696
01:26:45,640 --> 01:26:48,200
Speaker 31: funding you get from the consultation, So.

1697
01:26:48,360 --> 01:26:51,320
Speaker 2: The co payment So what I pay when I go

1698
01:26:51,640 --> 01:26:54,200
Speaker 2: plus what the government pays you. You're saying, would I

1699
01:26:54,200 --> 01:26:56,760
Speaker 2: only cover the four and a half hours patient time,

1700
01:26:57,360 --> 01:27:00,479
Speaker 2: not the three and a half extra roughly?

1701
01:27:00,560 --> 01:27:04,840
Speaker 31: Yes, yeah, I'd probably say that the funding doesn't even

1702
01:27:04,880 --> 01:27:07,200
Speaker 31: cover the four and a half hours of the patient

1703
01:27:07,240 --> 01:27:08,160
Speaker 31: facing time either.

1704
01:27:08,439 --> 01:27:08,559
Speaker 16: Right?

1705
01:27:09,439 --> 01:27:11,519
Speaker 2: Is that because all the doctors are creaming it?

1706
01:27:13,000 --> 01:27:13,120
Speaker 16: Oh?

1707
01:27:13,240 --> 01:27:16,519
Speaker 31: No, I think you talk to any GP and I

1708
01:27:16,600 --> 01:27:19,639
Speaker 31: would hope you would know that that's not the case.

1709
01:27:20,600 --> 01:27:24,760
Speaker 31: It's really sad that because our funding has not been

1710
01:27:25,280 --> 01:27:29,200
Speaker 31: looked at and addressed for so long, that many GP

1711
01:27:29,479 --> 01:27:32,560
Speaker 31: practices have had no choice but to increase the co

1712
01:27:32,760 --> 01:27:35,160
Speaker 31: payment that they charge patients. It's not something they want.

1713
01:27:36,360 --> 01:27:39,720
Speaker 31: We want to provide an accessible service and we want

1714
01:27:39,760 --> 01:27:41,400
Speaker 31: our patients to be able to come and see us

1715
01:27:41,439 --> 01:27:42,400
Speaker 31: when they need to.

1716
01:27:42,800 --> 01:27:45,080
Speaker 2: And to be able to afford to do so, what's

1717
01:27:45,160 --> 01:27:47,760
Speaker 2: the net effective that if you're in an area where

1718
01:27:47,840 --> 01:27:50,880
Speaker 2: you can push up your co payment without you know,

1719
01:27:50,960 --> 01:27:52,479
Speaker 2: cutting your nose off to spite your face, and no

1720
01:27:52,520 --> 01:27:54,559
Speaker 2: one can afford to come and see you anymore, does

1721
01:27:54,600 --> 01:27:58,240
Speaker 2: that mean that you will have a better service if

1722
01:27:58,360 --> 01:28:01,040
Speaker 2: you are rich and living and well to do area

1723
01:28:01,160 --> 01:28:03,360
Speaker 2: as opposed to if you were in a poorer area.

1724
01:28:05,240 --> 01:28:09,960
Speaker 31: Yes, Unfortunately that is the case because with the way

1725
01:28:10,080 --> 01:28:14,680
Speaker 31: funding works as inequity in the system, if you are

1726
01:28:14,800 --> 01:28:19,799
Speaker 31: looking after a predominantly high needs population who are poorer,

1727
01:28:22,200 --> 01:28:25,519
Speaker 31: often they'll have the Community Services Card, which makes it

1728
01:28:25,960 --> 01:28:29,960
Speaker 31: cheaper for the patient to access to see you, and

1729
01:28:30,080 --> 01:28:32,400
Speaker 31: you get a little bit more funding, but it's certainly

1730
01:28:32,520 --> 01:28:36,040
Speaker 31: not enough to cover the costs of looking after them.

1731
01:28:37,080 --> 01:28:40,639
Speaker 31: Whereas if you've got patients who are from a more

1732
01:28:40,760 --> 01:28:45,679
Speaker 31: predominantly wealthy area, you can charge a bit more from

1733
01:28:45,760 --> 01:28:50,080
Speaker 31: your co payment which helps cover your cost, but it's

1734
01:28:50,080 --> 01:28:52,720
Speaker 31: still really at the moment, not enough to give you

1735
01:28:52,800 --> 01:28:54,960
Speaker 31: an idea. And when I was trying to do write

1736
01:28:55,000 --> 01:28:58,599
Speaker 31: this report, I was trying to find evidence to show

1737
01:28:58,760 --> 01:29:02,080
Speaker 31: how much of our health budget goes on primary care,

1738
01:29:02,640 --> 01:29:06,680
Speaker 31: and I couldn't easily find that data. But earlier or

1739
01:29:06,800 --> 01:29:10,920
Speaker 31: last week study from Victoria University showed quite clearly that

1740
01:29:11,400 --> 01:29:15,400
Speaker 31: for the last twenty years we have had an average

1741
01:29:15,439 --> 01:29:18,160
Speaker 31: of five point four percent of the health budget spent

1742
01:29:18,280 --> 01:29:20,880
Speaker 31: on primary care. And when you compare that to other

1743
01:29:20,960 --> 01:29:25,559
Speaker 31: OECD countries, the ones that are doing well are spending

1744
01:29:25,640 --> 01:29:26,719
Speaker 31: around fourteen percent.

1745
01:29:28,680 --> 01:29:30,559
Speaker 2: So that's going to cost billions of dollars.

1746
01:29:32,000 --> 01:29:37,880
Speaker 16: No, And what it means is, you know, we know that, you.

1747
01:29:37,920 --> 01:29:43,400
Speaker 31: Know, government is trying to reduce spending and keep to budgets.

1748
01:29:44,600 --> 01:29:48,240
Speaker 31: What we would be asking for is just a small

1749
01:29:48,360 --> 01:29:51,519
Speaker 31: reproportion of some of the health budget into primary care.

1750
01:29:51,960 --> 01:29:54,920
Speaker 31: If we can't find new money, it's just reassigning some

1751
01:29:55,080 --> 01:29:58,559
Speaker 31: of that to primary care. And one of the ways

1752
01:29:58,640 --> 01:30:00,400
Speaker 31: is to look at the amount of money you would

1753
01:30:00,400 --> 01:30:04,799
Speaker 31: save from preventing people turning up to ED for instance.

1754
01:30:05,760 --> 01:30:08,800
Speaker 2: Hey, just one final thing, because this has been a

1755
01:30:09,240 --> 01:30:12,960
Speaker 2: fascinating insight. A lot of what I've read today talks

1756
01:30:13,000 --> 01:30:19,040
Speaker 2: about complex increasingly complex needs and complicated patient situations. Is

1757
01:30:19,120 --> 01:30:23,920
Speaker 2: this code for obesity problems related problems? What is it

1758
01:30:23,960 --> 01:30:24,280
Speaker 2: getting it?

1759
01:30:25,840 --> 01:30:30,760
Speaker 31: Oh, there's any problem you can name, really we are.

1760
01:30:31,080 --> 01:30:32,799
Speaker 2: Why have we got so many more problems?

1761
01:30:35,000 --> 01:30:37,880
Speaker 31: I think, well, one of the things is we've got

1762
01:30:37,920 --> 01:30:41,200
Speaker 31: an aging population. By twenty twenty eight, we're going to

1763
01:30:41,280 --> 01:30:44,519
Speaker 31: have over a million people aged over sixty five in

1764
01:30:44,600 --> 01:30:50,640
Speaker 31: New Zealand. So that in itself, as you get older, unfortunately,

1765
01:30:50,760 --> 01:30:54,439
Speaker 31: you're more likely to develop a chronic health condition and

1766
01:30:54,920 --> 01:30:56,440
Speaker 31: or will be living with a disability.

1767
01:30:56,840 --> 01:30:57,280
Speaker 25: So there's that.

1768
01:30:58,720 --> 01:31:04,479
Speaker 31: But we are also dealing with increased diabetes, that's for sure.

1769
01:31:05,680 --> 01:31:11,479
Speaker 31: There's increasing mental health issues, which you've possibly talked about

1770
01:31:11,840 --> 01:31:17,000
Speaker 31: at some point as well. But I think why these

1771
01:31:17,040 --> 01:31:20,559
Speaker 31: issues are getting worse is because people aren't being able

1772
01:31:20,600 --> 01:31:23,160
Speaker 31: to get in to see their usual doctor for them

1773
01:31:23,240 --> 01:31:26,599
Speaker 31: to be able to pick up things early and help

1774
01:31:26,840 --> 01:31:29,240
Speaker 31: support people to turn their health around.

1775
01:31:29,640 --> 01:31:33,120
Speaker 2: It's a vicious cycle. Doctor Probaring would GP in New

1776
01:31:33,200 --> 01:31:35,760
Speaker 2: Zealand Initiative Research Fellow really enjoy talking to you. Thanks

1777
01:31:35,800 --> 01:31:36,479
Speaker 2: so much for your time.

1778
01:31:37,320 --> 01:31:37,800
Speaker 31: Oh thank you.

1779
01:31:38,240 --> 01:31:40,320
Speaker 2: It is sixteen minutes away from seven. You're on News

1780
01:31:40,400 --> 01:31:43,560
Speaker 2: Talk CBB. I do wonder about when they're so you know,

1781
01:31:43,640 --> 01:31:46,639
Speaker 2: increasingly complex things. It's likeing, is it really that complex?

1782
01:31:48,520 --> 01:31:50,519
Speaker 2: I suppose it is. If you're a GP and everyone's

1783
01:31:50,560 --> 01:31:54,519
Speaker 2: getting older and bigger and more mentally unwell. Quite the

1784
01:31:54,600 --> 01:31:57,080
Speaker 2: concoction sixteen to seven were in the UK.

1785
01:31:57,280 --> 01:32:01,759
Speaker 1: Next everything from your sims to the corporates, the Business

1786
01:32:01,880 --> 01:32:06,479
Speaker 1: Hour with Ryan Bridge and Player's insurance and investments. Grew

1787
01:32:06,600 --> 01:32:08,120
Speaker 1: your wealth, protect your future.

1788
01:32:08,280 --> 01:32:10,559
Speaker 20: The youth dogs env Nick.

1789
01:32:10,479 --> 01:32:12,560
Speaker 2: On the text has taken a particularly grim view of

1790
01:32:12,600 --> 01:32:14,519
Speaker 2: public health. Will get to that shortly right now in

1791
01:32:14,600 --> 01:32:16,880
Speaker 2: the Brady, a UK correspondent in the good evening to you.

1792
01:32:18,280 --> 01:32:19,639
Speaker 9: Hey, Ryan, Good to speak to you again.

1793
01:32:19,840 --> 01:32:22,559
Speaker 2: Now the UK, you've escaped the worst of it. Canada

1794
01:32:22,720 --> 01:32:24,679
Speaker 2: was a bit angry with you guys for not standing

1795
01:32:24,800 --> 01:32:28,360
Speaker 2: up for them. But your strategy is Starmer's strategy seems

1796
01:32:28,439 --> 01:32:30,639
Speaker 2: to have worked. It looks like you've escaped the worst

1797
01:32:30,680 --> 01:32:33,559
Speaker 2: of Trump's tariffs, well to a point.

1798
01:32:33,840 --> 01:32:36,800
Speaker 9: You know, everyone here bangs on about the special relationship

1799
01:32:36,880 --> 01:32:39,240
Speaker 9: with the United States. Well hang on, New Zealand have

1800
01:32:39,360 --> 01:32:42,160
Speaker 9: got the same dealers the UK. So a is Guatemala,

1801
01:32:42,320 --> 01:32:46,960
Speaker 9: Brazil and Australia. Starmer has made the main plank of

1802
01:32:47,120 --> 01:32:51,519
Speaker 9: his foreign policy making friends with Donald Trump. The European Union.

1803
01:32:51,840 --> 01:32:54,479
Speaker 9: They don't care. They're going to whike back exactly the

1804
01:32:54,520 --> 01:32:56,840
Speaker 9: same taxes and tariffs. You're going to see a big

1805
01:32:56,920 --> 01:33:00,960
Speaker 9: trade warner between Europe and the United States Canada. You know,

1806
01:33:01,080 --> 01:33:03,880
Speaker 9: everyone will whack back and bite back of what Trump

1807
01:33:03,960 --> 01:33:08,280
Speaker 9: has done. Starmer seems to think that conciliation is the

1808
01:33:08,360 --> 01:33:10,919
Speaker 9: way forward. So we saw a big show that envelope

1809
01:33:10,960 --> 01:33:14,599
Speaker 9: from the King when he saw Trump recently. It's going

1810
01:33:14,640 --> 01:33:17,679
Speaker 9: to be fascinating. But I think there will be perhaps

1811
01:33:17,760 --> 01:33:22,320
Speaker 9: a collective's outpouring of relief from Number ten Downing Street

1812
01:33:22,400 --> 01:33:24,920
Speaker 9: that the UK has not had a twenty percent tariff

1813
01:33:25,040 --> 01:33:28,200
Speaker 9: because the economists here reckon twenty percent of a tariff

1814
01:33:28,520 --> 01:33:31,680
Speaker 9: would have a permanent zero point three percent reduction in

1815
01:33:31,800 --> 01:33:35,000
Speaker 9: the UK GDP. So there's still a lot to play for.

1816
01:33:35,520 --> 01:33:39,640
Speaker 9: Tariff's don't kicking and kick in until Saturday. And now

1817
01:33:39,720 --> 01:33:42,680
Speaker 9: in the next forty eight hours is just frantic diplomatic

1818
01:33:42,800 --> 01:33:45,800
Speaker 9: efforts behind the scenes to try and get a trade

1819
01:33:45,840 --> 01:33:48,040
Speaker 9: deal to negate that tariff even further.

1820
01:33:49,000 --> 01:33:52,040
Speaker 2: Prince Harry the case over the text payer funded security.

1821
01:33:52,240 --> 01:33:54,080
Speaker 2: You know, he thinks he should have security on the

1822
01:33:54,320 --> 01:33:58,000
Speaker 2: on the public tet in going to court next week.

1823
01:33:59,240 --> 01:34:01,960
Speaker 9: Yes, so it be a two day hearing Tuesday Wednesday

1824
01:34:02,000 --> 01:34:04,040
Speaker 9: next week. I'm hearing at the Court of Appeal. This

1825
01:34:04,240 --> 01:34:07,880
Speaker 9: is his last roll of the dice now, because it's

1826
01:34:07,880 --> 01:34:10,120
Speaker 9: an appeal, I don't think he needs to be there,

1827
01:34:10,160 --> 01:34:11,920
Speaker 9: so we may not see Harry. He doesn't need to

1828
01:34:11,960 --> 01:34:14,640
Speaker 9: give evidence. I think it's legal argument and then there

1829
01:34:14,640 --> 01:34:17,519
Speaker 9: will be a panel of three judges who will ultimately decide.

1830
01:34:17,880 --> 01:34:21,519
Speaker 9: But look, there is no public sympathy here for Harry.

1831
01:34:21,960 --> 01:34:24,519
Speaker 9: The overwhelming view when you speak to people is he

1832
01:34:24,640 --> 01:34:28,040
Speaker 9: made his decision. It was his choice to remove himself

1833
01:34:28,200 --> 01:34:30,559
Speaker 9: from his own family and go and live in luxury

1834
01:34:30,960 --> 01:34:34,519
Speaker 9: in California. So why should the UK taxpayer be picking

1835
01:34:34,560 --> 01:34:38,360
Speaker 9: up the tab for security when a multimillionaire comes back here.

1836
01:34:38,880 --> 01:34:42,120
Speaker 9: So it'll be curious to see the interpretation of the law.

1837
01:34:42,880 --> 01:34:45,560
Speaker 9: But I think most people here don't really care what

1838
01:34:45,680 --> 01:34:47,840
Speaker 9: Harry does so long as we're not paying for it.

1839
01:34:49,040 --> 01:34:52,360
Speaker 2: Especially when Megan's line of Honey and Jam has just

1840
01:34:52,439 --> 01:34:54,800
Speaker 2: sold out on a new website. I would have thought

1841
01:34:54,840 --> 01:34:56,879
Speaker 2: in that amazing.

1842
01:34:56,920 --> 01:34:58,040
Speaker 9: I look forward to buying some.

1843
01:34:59,320 --> 01:35:02,800
Speaker 2: Hey, Heathrow Airport so that after the five I've been

1844
01:35:02,880 --> 01:35:05,120
Speaker 2: warned about the power supply, or they had been I

1845
01:35:05,120 --> 01:35:07,160
Speaker 2: should say warned about the power supply.

1846
01:35:08,439 --> 01:35:11,439
Speaker 9: Yeah, in advance, so this is interesting. The boss of

1847
01:35:11,520 --> 01:35:14,840
Speaker 9: the airport, Thomas Wolby is his name. His Danish, used

1848
01:35:14,840 --> 01:35:17,120
Speaker 9: to be the boss of Copenhagen Airport. Now he's running

1849
01:35:17,160 --> 01:35:21,599
Speaker 9: heat Throw. He was hauled before Parliament to explain everything

1850
01:35:21,640 --> 01:35:24,559
Speaker 9: that went on the decision making processes, and it's very

1851
01:35:24,640 --> 01:35:28,200
Speaker 9: interesting that the information that is key to the story

1852
01:35:28,280 --> 01:35:31,799
Speaker 9: today actually came from someone else speaking to the panel.

1853
01:35:32,080 --> 01:35:34,639
Speaker 9: So it's a group of politicians on the Transport Select

1854
01:35:34,680 --> 01:35:38,000
Speaker 9: Committee and it was a guy from the Heathrow Airport

1855
01:35:38,240 --> 01:35:41,840
Speaker 9: Operators Committee, so this is all the airlines. And he

1856
01:35:41,960 --> 01:35:44,559
Speaker 9: pointed out that just two weeks before the fire at

1857
01:35:44,600 --> 01:35:47,759
Speaker 9: the substation, there had been the theft of some copper

1858
01:35:47,880 --> 01:35:52,080
Speaker 9: wiring and cabling from the substations around Heathrow and that

1859
01:35:52,240 --> 01:35:56,400
Speaker 9: prompted the airport operators to throw airport directly, what are

1860
01:35:56,439 --> 01:35:58,320
Speaker 9: you going to do if there's a problem with one

1861
01:35:58,400 --> 01:36:03,160
Speaker 9: of these substations. And they didn't get a response. So Woldby,

1862
01:36:03,320 --> 01:36:06,640
Speaker 9: the CEO, said that he made the right decisions and

1863
01:36:06,880 --> 01:36:09,160
Speaker 9: it was safety first and it was all he could do.

1864
01:36:09,640 --> 01:36:11,800
Speaker 9: But it's very interesting now. I think what we're going

1865
01:36:11,880 --> 01:36:15,040
Speaker 9: to see play out is a legal battle for compensation

1866
01:36:15,200 --> 01:36:18,320
Speaker 9: because the airlines are legally obliged to compensate the passengers.

1867
01:36:18,760 --> 01:36:20,720
Speaker 9: And it's quite clear the airlines are now going to

1868
01:36:20,720 --> 01:36:22,560
Speaker 9: say that Heathrow you caused.

1869
01:36:22,320 --> 01:36:26,040
Speaker 2: This in the think if they're in the radio UK

1870
01:36:26,200 --> 01:36:29,559
Speaker 2: correspondent will get to your tics next on News Talks IBB.

1871
01:36:30,520 --> 01:36:31,400
Speaker 5: It's the hither too.

1872
01:36:31,439 --> 01:36:35,559
Speaker 1: Plus see Alan Drive Full Show podcast on iHeartRadio powered

1873
01:36:35,600 --> 01:36:36,920
Speaker 1: by News Talk ZIBB.

1874
01:36:38,720 --> 01:36:41,679
Speaker 2: Six to seven News talksib This is a text from Nick.

1875
01:36:41,720 --> 01:36:44,160
Speaker 2: We were just talking about GP clinics and the fact

1876
01:36:44,200 --> 01:36:48,519
Speaker 2: that there's an ever increasing increasingly complex array of the

1877
01:36:48,960 --> 01:36:50,960
Speaker 2: ailments people can have, and that's why they go into

1878
01:36:51,000 --> 01:36:52,200
Speaker 2: the GPS all the time.

1879
01:36:52,800 --> 01:36:53,000
Speaker 1: Ryan.

1880
01:36:53,080 --> 01:36:58,360
Speaker 2: The increasing complex, the increasingly complicated complex patient picture is

1881
01:36:58,520 --> 01:37:02,160
Speaker 2: partly down to US six at stopping whatever primary health

1882
01:37:02,280 --> 01:37:04,960
Speaker 2: issue would have killed a particular patient in the first place.

1883
01:37:05,920 --> 01:37:08,439
Speaker 2: How grim is this? So now they live long enough

1884
01:37:08,479 --> 01:37:11,920
Speaker 2: to develop a secondary problem, we stop that, then they

1885
01:37:12,000 --> 01:37:15,120
Speaker 2: have time to develop a tertiary problem, et cetera, et cetera,

1886
01:37:15,160 --> 01:37:17,960
Speaker 2: et cetera. Nick, I suppose it's not untrue. I mean,

1887
01:37:18,000 --> 01:37:21,599
Speaker 2: we medical advancements, then people live longer than When they

1888
01:37:21,680 --> 01:37:24,360
Speaker 2: live longer, they have more chance of getting more problems,

1889
01:37:24,560 --> 01:37:27,840
Speaker 2: So I suppose you're not wrong that Another one says, ryme,

1890
01:37:27,880 --> 01:37:31,960
Speaker 2: this is an absolute load of s h t E.

1891
01:37:33,240 --> 01:37:36,200
Speaker 2: I had a skin issue. I saw three medical experts

1892
01:37:36,439 --> 01:37:39,719
Speaker 2: and my GP preferred them. Me there four hundred dollars later,

1893
01:37:39,800 --> 01:37:41,519
Speaker 2: I was told didn't need to come in the first place.

1894
01:37:42,160 --> 01:37:47,040
Speaker 2: There you go. I went to the dermatologist once with

1895
01:37:47,360 --> 01:37:49,600
Speaker 2: what I thought was a mole and he said, no,

1896
01:37:49,720 --> 01:37:53,439
Speaker 2: you've just scratched yourself. And I still had to pay.

1897
01:37:55,000 --> 01:37:58,400
Speaker 21: An idiot. Well, you clearly couldn't tell yourself through the

1898
01:37:58,439 --> 01:38:00,320
Speaker 21: diagnosis yourself, so you know you need to pay a

1899
01:38:00,360 --> 01:38:03,920
Speaker 21: profession for I think that's absolutely fair enough to give

1900
01:38:03,920 --> 01:38:05,479
Speaker 21: your fan aims to put on your scrap.

1901
01:38:05,400 --> 01:38:08,560
Speaker 2: Most of money over he just scratched it off. And

1902
01:38:08,640 --> 01:38:11,680
Speaker 2: then there was that's all right, there's time's up. If

1903
01:38:11,760 --> 01:38:11,920
Speaker 2: you go.

1904
01:38:12,760 --> 01:38:14,360
Speaker 21: I got to hate your patience to see it.

1905
01:38:14,840 --> 01:38:15,400
Speaker 12: That's brilliant.

1906
01:38:15,439 --> 01:38:16,320
Speaker 2: Hey, what have we going out to?

1907
01:38:16,520 --> 01:38:16,680
Speaker 16: Ends?

1908
01:38:17,439 --> 01:38:23,040
Speaker 21: Mark Ronson uptown Funk. Mark Ronson has been well, he's

1909
01:38:23,040 --> 01:38:24,920
Speaker 21: actually ended up with a bit of medical issue himself.

1910
01:38:25,040 --> 01:38:26,960
Speaker 21: He was playing a show and I'm sure this must

1911
01:38:27,000 --> 01:38:30,000
Speaker 21: be really frustrating for performance. He wasn't happy with the

1912
01:38:30,040 --> 01:38:32,240
Speaker 21: audio sit he felt like the crowd weren't getting like

1913
01:38:32,600 --> 01:38:34,639
Speaker 21: the proper sounds, so he thought, okay, I'll just quickly

1914
01:38:34,720 --> 01:38:36,760
Speaker 21: fixed this myself, and he went to one of the

1915
01:38:36,760 --> 01:38:38,640
Speaker 21: speakers and kind of tried to turn it around so

1916
01:38:38,760 --> 01:38:40,920
Speaker 21: that it would face the crowd more. Now, the problem

1917
01:38:40,960 --> 01:38:43,320
Speaker 21: with that is the speakers are like really heavy, and

1918
01:38:43,400 --> 01:38:45,840
Speaker 21: they're way way heavier than they look, and so he's

1919
01:38:46,240 --> 01:38:49,800
Speaker 21: sort of popped both the tendons and his bicyp He

1920
01:38:49,920 --> 01:38:52,600
Speaker 21: did finish playing the show, so it's a man with

1921
01:38:52,720 --> 01:38:55,000
Speaker 21: work ethic. But yeah, he's just posted a photo from hospital.

1922
01:38:55,040 --> 01:38:56,880
Speaker 21: He's doing a little thumbs up with his good arm.

1923
01:38:57,040 --> 01:38:59,760
Speaker 21: So I don't I think he will recover, But yeah,

1924
01:38:59,840 --> 01:39:03,160
Speaker 21: just we all wish you our best, smart ronson. Maybe

1925
01:39:03,240 --> 01:39:05,200
Speaker 21: get the professionals the speaking next time.

1926
01:39:05,280 --> 01:39:10,360
Speaker 2: He should know better. After age thirty, you don't lift anything,

1927
01:39:11,040 --> 01:39:14,880
Speaker 2: just you know, you take life very easy. Thanks everyone

1928
01:39:14,960 --> 01:39:18,439
Speaker 2: for your feedback. Today Trump's done its worse. We're still standing,

1929
01:39:18,479 --> 01:39:19,599
Speaker 2: aren't We see you tomorrow?

1930
01:39:48,640 --> 01:39:51,760
Speaker 1: For more from Hither Duplessy Allen Drive listen live to

1931
01:39:51,880 --> 01:39:54,920
Speaker 1: news talks it'd be from four pm weekdays, or follow

1932
01:39:54,960 --> 01:39:56,680
Speaker 1: the podcast on iHeartRadio.