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Speaker 1: Pressing the newsmakers to get the real story. It's Heather

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Speaker 1: duplicy Ellen drive with One New Zealand. Let's get connected,

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Speaker 1: you stalk, said b.

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Speaker 2: Afternoon. Welcome to the show coming up today. As predicted yesterday,

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Speaker 2: Health New Zealand has now backtracked on blocking Key Truder

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Speaker 2: before the official roll out date. We're gonna have a

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Speaker 2: chat to them. Global markets have started to stabilize after

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Speaker 2: this moar this morning's horror show. We'll speak to a

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Speaker 2: market's analyst and also Smith and Coey's been saved. How

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Speaker 2: good is that?

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Speaker 3: We'll have a chat to the chair Heather Duplessy Ellen.

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Speaker 2: I imagine that there are some people who are going

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Speaker 2: to be a little confronted by the Prime Minister this

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Speaker 2: morning saying that teachers may need to bump a bit

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Speaker 2: of arts and music to make room for maths and schools.

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Speaker 2: I reckon it's going to be confronting to some people

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Speaker 2: because some people have got very used to school being

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Speaker 2: all coloring in and handholding and singing songs and that

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Speaker 2: kind of nonsense. But Chris Luxon's right, isn't he? I

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Speaker 2: mean think about this. Maths. Maths is a future job

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Speaker 2: in computer programming. It's a future job in engineering, it's

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Speaker 2: a future job in a can. Like all kinds of academia,

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Speaker 2: including psychology, maths is critical. Arts and music are hobbies.

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Speaker 2: I mean, let's be honest about that. Very very few

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Speaker 2: people are ever going to make a living out of

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Speaker 2: art or music, but the vast majority of people are

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Speaker 2: going to need to understand basic maths in order to

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Speaker 2: get a job, complete university, even complete school. So all

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Speaker 2: Chris Luxon is basically saying is that we should know

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Speaker 2: what the important stuff is, and then we've got to

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Speaker 2: give time to the important stuff and less time to

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Speaker 2: the hobbies. Did you realize, by the way, this is

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Speaker 2: the result of us giving too much time to the

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Speaker 2: hobbies and not enough time to the maths that we

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Speaker 2: are now one of the least numerous countries in the

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Speaker 2: developed world. In order to prove as you just need

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Speaker 2: to go look at the latest trends in international Maths

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Speaker 2: and Science study, which is done in twenty nineteen. Our

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Speaker 2: nine year olds, our year fives ranked fortieth, and that's

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Speaker 2: out of sixty four countries. So we really have to

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Speaker 2: start getting this stuff into their heads now. I do

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Speaker 2: have sympathy for teachers who feel a little slammed by

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Speaker 2: everything that's coming at them because there is a lot

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Speaker 2: that's going on, especially with this change in government and

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Speaker 2: the renewed focus on education. There is a lot that

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Speaker 2: they are expected to do, to change, to implement, to learn,

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Speaker 2: to get their heads around at the moment. And now,

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Speaker 2: of course they've got this a new math's curriculum they

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Speaker 2: just found out this weekend. They're going to have to

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Speaker 2: start implementing in what six months time. Hence Chris Luxen's suggestion,

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Speaker 2: if the teachers feel like they haven't got enough time

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Speaker 2: in the day or in the week to do it all,

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Speaker 2: then they need to bump up the maths and bump

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Speaker 2: down the other stuff that's far less important. And remember

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Speaker 2: we are also talking here about primary and intermediate school teachers.

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Speaker 2: These teachers, and especially at the primary level, are generalists.

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Speaker 2: They teach it all rather than the specialist maths or

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Speaker 2: science or English teachers that you would get at the

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Speaker 2: secondary school level. So much easier for them to be

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Speaker 2: able to bump something down and bump something up. It's

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Speaker 2: completely doable. It's basically going to be about time management,

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Speaker 2: and it's also going to be about prioritization. And as

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Speaker 2: confronting as this may be to some parents, isn't it

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Speaker 2: about time that in this country we admit that two

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Speaker 2: plus two is more important than coloring in a picture

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Speaker 2: of a tree to see alan nine two nine two

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Speaker 2: is the text number. Standard text fees apply obviously. Now

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Speaker 2: on the subject of kids still because they are important.

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Speaker 2: There is a warning that key, we kids who are

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Speaker 2: spending too much time on screens are displaying behaviors that

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Speaker 2: mimic the symptoms of ADHD. This is coming out of

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Speaker 2: time that the teachers continue to battle with the rise

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Speaker 2: and bad behavior in the classroom. Now, the educational psychologist

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Speaker 2: who's made this warning, it's prediction who's issued this warning

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Speaker 2: is Katherine Burkeett who joins me, Now, hey, Catherine, Hey,

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Speaker 2: is this basically because what's happening on the screens is

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Speaker 2: that it's you spend so much time on the screen

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Speaker 2: you destroy your ability to concentrate. Is that what's going on? Yeah?

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Speaker 4: I guess what. You've got to understand what the brain does.

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Speaker 4: Brain learn, So it's not practicing concentrating to feel what

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Speaker 4: I mean, it's not destroying concentrating. It's just we're never

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Speaker 4: letting our kids spend time with our external stimulation into

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Speaker 4: their brains.

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Speaker 2: And so the outworking of that in real life looks

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Speaker 2: like ADHD does it.

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Speaker 4: It can mimic it, right, it can be the same.

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Speaker 4: So they're not concentrating, they're not able to sit still,

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Speaker 4: they're bluting out, they are not aut fidgeting, can't concentrate

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Speaker 4: for long periods of time, which are some of the

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Speaker 4: behaviors that we would used to diagnose ADHD. So yeah,

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Speaker 4: what the brain does is what the brain learns.

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Speaker 2: How much screen time is too much? Screen time?

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Speaker 4: Obviously, depending on age, younger is almost none. I mean

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Speaker 4: World Health Organization says no, none before the age of two,

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Speaker 4: and then after that they're talking about an hour, two

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Speaker 4: hours sort of thing. Is maximum. When we hear the

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Speaker 4: averages of five hours six hours a day for some

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Speaker 4: of our special our adolescents.

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Speaker 2: Talking about did you say the average is five to

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Speaker 2: six hours a day.

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Speaker 4: Yeah, you look at the research coming out about how

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Speaker 4: many hours our kids spend on screen time. We do

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Speaker 4: have to be careful about this. So because they just

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Speaker 4: talk about screen time in one block, what I'm more

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Speaker 4: concerned about is screen time because at schools, and I

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Speaker 4: don't know if your kids are actually doing their homework,

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Speaker 4: that am putting quite important things into their brain they

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Speaker 4: use in their concentration. Do you know what I mean?

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Speaker 4: They might be discussing things that I've found on even

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Speaker 4: my kids used to watch TikTok.

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Speaker 2: And then so it was quite Catherine. Not all, not

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Speaker 2: all screen time is the same as other screen time, right,

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Speaker 2: So if you're spending if you if you're on the

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Speaker 2: screen and you're reading the New York Times, it's going

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Speaker 2: to actually promote concentration, isn't it as opposed to playing strands?

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Speaker 5: Yes?

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Speaker 6: Do you see?

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Speaker 4: So we've got to look at it in chances is

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Speaker 4: it just passive sort of short term information coming in

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Speaker 4: that's dopamine activating, or is it actually increasing conversations concentration

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Speaker 4: information coming in? So there are yeah, quite a big difference.

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Speaker 2: Hey that five to six hours that to day, right

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Speaker 2: for what age group?

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Speaker 4: Or they're looking at it for adolescents that research came through.

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Speaker 4: But yeah, there's it's quite scary now that they're looking

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Speaker 4: at how many hours And I don't know if anybody

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Speaker 4: here wants to pull up I don't have that app

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Speaker 4: on my phone, but you can pull up how many

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Speaker 4: hours you have been on the phone in a day

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Speaker 4: and it can get pretty scary. How many how we

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Speaker 4: can get pulled into that scrolling and stuff.

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Speaker 2: Yeah, yeah, I'm going to do that later on. Now now, now, well,

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Speaker 2: I just I you just gave me an excuse to

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Speaker 2: pick up my phone, didn't you, and get some dopamine

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Speaker 2: right in there?

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Speaker 7: Okay?

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Speaker 2: I mean, look, here's the thing though, As much as

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Speaker 2: much as we would like to live in a nostalgia

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Speaker 2: nineteen eighties where we don't have all of the screen

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Speaker 2: stimulation and stuff, we don't we live in the twenty twenties.

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Speaker 2: So is there is there stuff that we can do

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Speaker 2: for our kids to counteract the screen time that they're

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Speaker 2: getting to increase their concentration again.

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Speaker 4: Yeah, what I want to say is, Festival, I've raised

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Speaker 4: my own kids and this is not easy. But what

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Speaker 4: you've got to do is you can't say just get

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Speaker 4: off the phone. You've got to say you're getting dope

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Speaker 4: for me, and you're getting this absolute stimulation from the phone.

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Speaker 4: So what can we do outside of that? And yes,

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Speaker 4: getting them out playing a game of kick around or

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Speaker 4: for a walk, or playing a board game or something.

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Speaker 4: It's harder to do. But in the brain.

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Speaker 8: The long term.

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Speaker 4: Buzz from that is actually really satisfying. It's just the

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Speaker 4: short term dough mean flip from picking it up the

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Speaker 4: phone up is better. So we've got to get our

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Speaker 4: kids used to the fact that if we take them

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Speaker 4: for a walk or go play the game or get

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Speaker 4: down to the park. We talked to them afterwards about

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Speaker 4: how did that feel, how does your body feel? Now, well,

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Speaker 4: how'd your brain feel, and starting making them realize that

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Speaker 4: the lot just like we could all drink alcohol every

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Speaker 4: night if we you know, but we realized that the

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Speaker 4: consequences of it is going to be a bit negative.

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Speaker 4: So we've got to try and highlight them to the

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Speaker 4: negative consequences that can come.

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Speaker 2: Yeah, okay, get them out outdoors doing things that they

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Speaker 2: have to concentrate on for longer periods of time. Catherine,

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Speaker 2: it's good to talk to you. I really appreciate it.

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Speaker 2: Is Catherine Burkert, educational psychologist and neuroscience trainer. By the way,

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Speaker 2: I mentioned strands, have you played it? This is the

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Speaker 2: new word or this is this is? This is all

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Speaker 2: I'm saying is if you are addicted to your phone,

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Speaker 2: are like everybody in the world, and you're looking for

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Speaker 2: a new thing to do. Forget about the word, although

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Speaker 2: keep that up so you can get you know, your

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Speaker 2: daily run, because I mean, I'm my arm up to

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Speaker 2: one hundred and ninety three by the way, unbroken sequence,

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Speaker 2: and I'm feeling chuffed at the moment. I know what

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Speaker 2: a loser. That's what ants just gave me that face anyway,

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Speaker 2: But strands also add that to your repertoire and you'll

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Speaker 2: be getting a little dopamine hits going crazy and your

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Speaker 2: brain there Karmala Harris. Now we're going to find out

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Speaker 2: who Karmala Harris choosing as her vice presidential nominee, probably

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Speaker 2: overnight our time. It looks like she's going to make

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Speaker 2: an announcement Tuesday morning over in the States, going to

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Speaker 2: do it via video, and then the pair of them,

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Speaker 2: once she's announced to it as the pair of them,

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Speaker 2: will then appear at a rally in Philadelphia that evening.

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Speaker 2: It's apparently down to two, the Governor of Minnesota, Tim

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Speaker 2: Waltz and the Governor of Pennsylvania Jos Shapiro. And it

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Speaker 2: seems to be that much of the focuses around Jos Shapiro,

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Speaker 2: so he seems to be in the lead at the

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Speaker 2: moment quarter pasted.

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Speaker 1: Digging deeper into the day's headlines, it's Heather Duper c

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Speaker 1: Allen Drive with one New Zealand one giant leap For

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Speaker 1: business youth talks.

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Speaker 2: It'd be Darcy Watergrave, sports talk hoster of me Hey.

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Speaker 9: Dars Hey, Heather OK.

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Speaker 2: Shawn Johnson retiring. It didn't feel like a shock to me,

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Speaker 2: was it to you? No, The goals that he's gone

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Speaker 2: through and all that stuff up.

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Speaker 10: Now you know he had a great year last year.

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Speaker 10: He's probably got ripped off and didn't get the deli in,

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Speaker 10: but that's the way the voting works. It might have

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Speaker 10: been a nice way to finish. But there with this guy,

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Speaker 10: I won the Golden Boot a few years ago. Beast

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Speaker 10: international rugby league player. He's had a storied career. It's

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Speaker 10: been interrupted. It's been a little up and down.

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Speaker 9: He really has been. He's been the kind of character

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Speaker 9: when things go wrong, people love to kick him when

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Speaker 9: he's down. He really tracks that because he's extraordinarily talented.

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Speaker 9: He talks well, he's not afraid of saying what he thinks.

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Speaker 9: He's a good looking bugger. Well there you go.

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Speaker 10: I wouldn't say that, but you can a babe, babe,

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Speaker 10: Kayla might want to have words with you, But look, he's.

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Speaker 9: Had a great career.

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Speaker 10: When he started playing off back in the day, he

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Speaker 10: was a touch rugby player and all the werders like,

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Speaker 10: you should see this Johnson kid out of him, am

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Speaker 10: sure he is something else?

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Speaker 9: And then the murmuring. So he started playing for the

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Speaker 9: Warriors as a junior. It's like, this is the savior.

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Speaker 10: This guy always thought he was a little too small

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Speaker 10: to be a half back run over, but he's much

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Speaker 10: bigger now and he's developed.

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Speaker 2: How well does he I actually don't know that he

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Speaker 2: does to be playing or was it just because I

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Speaker 2: was some guys.

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Speaker 10: And girls playing for a very very long time and

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Speaker 10: you look at something like Brad Thorne. I think he

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Speaker 10: was seventy eight when he retired.

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Speaker 2: They just don't stop there.

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Speaker 9: But you get there.

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Speaker 10: He's got a young family. Rugby league's a hard game

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Speaker 10: and you know what, I'm exhausted. I'm like, I'm speaking

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Speaker 10: for him.

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Speaker 11: I don't know this.

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Speaker 9: What's you going to do?

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Speaker 10: I'd say it ended up getting into media. He might

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Speaker 10: have been setting across from you in a couple of years. Wow,

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Speaker 10: you don't know, he's well respected, he's well spoken. Yeah,

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Speaker 10: he's not full, and he's hot and he's hot. Yeah, okay, fine,

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Speaker 10: okay son be on TV.

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Speaker 9: That's we got a horrible way to go out.

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Speaker 10: And this of course he goes on a tear and

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Speaker 10: the Warriors when the next four or five games by

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Speaker 10: one hundred and then they get to this and then.

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Speaker 2: I can give it up, mate, it's not going to happen.

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Speaker 2: It's over for them. Hey thin, But what about this guy?

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Speaker 12: Was this?

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Speaker 2: Was this a surprise?

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Speaker 10: Yes, I think that's fair enough. I spoke to him

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Speaker 10: on was it Thursday or Friday last week? And I thought,

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Speaker 10: it's just like a soul of the earth.

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Speaker 9: What a good dude. He was really like Kannak. It

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Speaker 9: was like, yeah, like rolling, it's a fat peddling.

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Speaker 13: Gets a bit brutal.

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Speaker 9: Said to me in the kayak cross, you know, you

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Speaker 9: can pretty much do anything you want on the way

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Speaker 9: down there, it's like, you know what, like.

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Speaker 10: Board the other kayk is not that fa and you

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Speaker 10: can't hit people on the face with your paddle, but

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Speaker 10: otherwise you're pretty much thought, I like you, you're raw.

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Speaker 9: So yeah, when he came through and me he got

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Speaker 9: out of the gate quick quick.

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Speaker 10: Man, whole shot, see you later. It's like, Wow, that

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Speaker 10: lovely young man, the Butcher. As though I called well

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Speaker 10: Man just predictable night because his name's Finn Butcher, they

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Speaker 10: should have called him the carnivore.

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Speaker 2: I'd rather you take a little further. Yeah, I can see. Hey,

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Speaker 2: what's gonna happen tonight? We're gonna get a Inny Medals?

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Speaker 10: Unlikely, But what we've got is qualifications, quarterfinals, seedings, heats

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Speaker 10: and the like for a number of different sports.

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Speaker 9: Well, I might be wrong. There might be a middle

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Speaker 9: sport that I've messed.

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Speaker 2: I don't so Lisa Carrington, is that just is that

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Speaker 2: some sort of a heat or something?

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Speaker 7: Yeah?

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Speaker 9: Heat one.

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Speaker 10: Lisa Carrington is in the K four five hundred. She's

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Speaker 10: also in the K two five hundred and Amy Fisher

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Speaker 10: and the K two five hundred Heat three as well,

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Speaker 10: of course, so that's going to be great when it

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Speaker 10: comes to K one, those two going head to head

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Speaker 10: and hopefully they all get through. And it's some stage

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Speaker 10: earlier in the way, at ten past twelve.

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Speaker 9: I think it is.

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Speaker 10: We'll see Carrington and Fisher in the quarter final of

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Speaker 10: the five hundred women and the five hundred men potentially

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Speaker 10: the quarter five of that as well, and that the

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Speaker 10: C twos, you know the ones that on one side with.

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Speaker 2: The oh yeah yeah yeah, we age paddle down once over.

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Speaker 10: And they're competing today as well. And we've got Ian

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Speaker 10: Ferguson joining us on Sports Talk tonight. Now, Ian Ferguson,

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Speaker 10: you talk about a paddling goat it. He'd be right

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Speaker 10: up there with all of those ruminants.

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Speaker 9: He's something else. The amount of medals that he won

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Speaker 9: across I think he had five Olympic Games tour.

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Speaker 10: We'll say he has many, many medals, and we'll chat

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Speaker 10: him about that, about Finn, about.

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Speaker 9: Lisa, a whole lot of stuff, interesting kids stuff.

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Speaker 2: Thank you, Dars, appreciate it. Darcy Water, good to see

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Speaker 2: you back. Hi, Heather, Yes, hello, thank you. I'm not

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Speaker 2: going to tell everybody that it's just the cost of

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Speaker 2: living crisis, Dancy. We'll keep it a secret. I'll just

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Speaker 2: to go to Singapore, though, didn't.

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Speaker 9: I on the fact that you're wearing a roll neck

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Speaker 9: sweeter and so plainly you're feeling.

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Speaker 2: Trying to make a Singapore temperature inside this jersey. Now

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Speaker 2: I'm gonna have to talk about it.

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Speaker 11: My bad.

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Speaker 14: We made it up.

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Speaker 9: She didn't go anywhere. She's just been hiding.

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Speaker 2: Darcy, thank you, Off you go, He'll be back at seven.

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Speaker 1: Heather Duplicy Ellen cutting through the noise to get the facts.

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Speaker 1: It's Heather Duplicy Allen Drive with one New Zealand. Let's

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Speaker 1: get connected and news talk as they'd be.

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Speaker 2: Heather, you idiot. Music and art are not a hobby.

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Speaker 2: Yes they are that for the vast majority of us.

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Speaker 2: They are a hobby. Heather, you and Luxon know nothing.

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Speaker 2: My brother has done music as a job all his life.

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Speaker 2: I was a music teacher. I have friends in the

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Speaker 2: Army and Navy bands. I have friends whose jobs are

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Speaker 2: in the arts. It's not a hobby like you and

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Speaker 2: Luckxon's jobs. Get get your facts right, Well, I just

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Speaker 2: disagree with you entirely. The point I'm trying to make

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Speaker 2: is that for the vast majority of us, Matt's is

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Speaker 2: fundamental to getting a job. Art and music is not

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Speaker 2: art and music as a hobby. As I said, there

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Speaker 2: will be some people who will excel in it. Look,

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Speaker 2: there's gonna be some people who excel in Maori. For

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Speaker 2: the vast majority of us, we don't need it, but

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Speaker 2: there will be some people who excel in it and

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Speaker 2: who make a living out of it. Okay, you cannot

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Speaker 2: teach a curriculum for the minority. You have to teach

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Speaker 2: it for the majority. You have to teach it for

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Speaker 2: the basic fundamentals and then all the other stuff is

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Speaker 2: nice to have yad them on in secondary school. Look

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Speaker 2: on another subject, this row over the gender of the

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Speaker 2: Olympic boxer has just got so much weirder in the

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Speaker 2: last few hours because what's happened is the boxing governing body,

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Speaker 2: this is the one IBA who have said that she

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Speaker 2: is the Algerian boxers a man. They have just held

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Speaker 2: a press conference in Paris and it is so shambolic

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Speaker 2: it's made them look bad. For a start, they were

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Speaker 2: an hour late for the press conference, and then the president,

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Speaker 2: Chap's name is Umar Kremlev, went on a rant in

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Speaker 2: which he said the tests show because there's two boxes,

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Speaker 2: by the way, is the Algerian is another one? I think,

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Speaker 2: like maybe Taiwanese. The tests show they were meant. Then

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Speaker 2: we don't verify what they have between their legs.

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Speaker 3: I mean, why did you go there?

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Speaker 2: Mate? There are doctors who can check that, who can

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Speaker 2: verify these things. Therefore suggesting that he would like the

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Speaker 2: doctors to have a look if the ladies are packing

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Speaker 2: men's bits. He then, because in the past he's called

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Speaker 2: Thomas bark the president of the IOC a sodomite, he

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Speaker 2: was asked about that stood by that went on a

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Speaker 2: massive rip about the Old Testament and just went on

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Speaker 2: and on. And then it was a couple of members

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Speaker 2: of the Algerian Olympic team who were at the press

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Speaker 2: conference who staged the protest. What ud Yeah, it's just

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Speaker 2: not a good look. So what is going on here? Okay?

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Speaker 2: In a nutshellers, these guys have made a claim about

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Speaker 2: a couple of lady boxes saying that they're dudes. They

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Speaker 2: are the only ones who've done tests to prove that

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Speaker 2: these ladies in their minds are dudes. But they themselves

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Speaker 2: cannot back us up provide the tests are so weird

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Speaker 2: and dodgy with the answers and stuff, it's hard to

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Speaker 2: believe them. And this press conference only underscored that. So

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Speaker 2: quite where we go with this? I do not know anyway.

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Speaker 2: Murray Old's Barry Soper in the next half hour news

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Speaker 2: talks it be.

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Speaker 1: Hard questions strong opinion, Ever, duper see Ellen drive with

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Speaker 1: one New Zealand.

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Speaker 3: Let's get connected and news talk as it be.

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Speaker 11: So high.

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Speaker 7: You can come now come.

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Speaker 2: As predicted yesterday, Health New Zealand has backtracked on the

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Speaker 2: decision that had made to block key Truder for the

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Speaker 2: cancer patients. Now you will recall we discussed this yesterday.

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Speaker 2: About twenty to thirty cancer patients will offered free key

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Speaker 2: Truder sometime this month. The official rollout isn't until the

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Speaker 2: first of August, and as a result, Health New Zealand

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Speaker 2: had said no, you're not allowed to do that. For

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Speaker 2: whatever reason, we do not know. Today they changed their

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Speaker 2: minds because they've come back to reality and compassion. I

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Speaker 2: suppose they now say these people are allowed to get

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Speaker 2: this treatment sometime this month. We're going to speak to

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Speaker 2: the Chief Clinical Officer after five o'clock just to ascertain

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Speaker 2: what on earth happened there? Why do they lose their

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Speaker 2: compassion and their humanity? Heather, I just tried a game

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Speaker 2: of strands. I love it, Love you pro You're welcome.

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Speaker 2: The advice that I would give you on this program

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Speaker 2: is the advice I would give to my mother, So

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Speaker 2: you can trust me. Strands is a great game. I

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Speaker 2: do feel like, do you have to pay for it

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Speaker 2: on the New York game? I don't know if you do.

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Speaker 2: I hope you don't, because otherwise I've just cost you

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Speaker 2: a bunch of money.

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Speaker 1: Twenty three away from five, it's the world wires on

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Speaker 1: Newstalgs it'd be drive.

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Speaker 2: The riots have unfortunately continued overnight in the UK. More

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Speaker 2: than four hundred people have now been arrested in connection

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Speaker 2: with the unrest that kicked off after the Southport stabbings.

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Speaker 2: Here's UK Prime Minister Sirkia Stamer.

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Speaker 15: Will rump up criminal justice. There have already been hundreds

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Speaker 15: of arrests. Some have appeared in court this morning. I've

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Speaker 15: asked for early consideration of the earliest naming and identification

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Speaker 15: of those involved in the process.

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Speaker 2: The UN says nine of its staff and Gaza may

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Speaker 2: actually have been involved in the October seven a tassy

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Speaker 2: after all, so all of the staff members, all nine

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Speaker 2: of them in question, have been fired after an internal

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Speaker 2: investigation by the UN and response to Israeli allegations. Here's

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Speaker 2: BBC North America correspondent John Sudworth.

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Speaker 16: There is no other information from the UN about the

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Speaker 16: evidence that itself has discovered. The strength of it or

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Speaker 16: the detail. So there will be questions, I think being

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Speaker 16: asked of the UN in the coming days and weeks

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Speaker 16: to elaborate further on exactly what it is that it

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Speaker 16: has found.

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Speaker 2: And finally, a turtle with three eyes, not just two,

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Speaker 2: but three has been born in China. A video has

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Speaker 2: been released of a pair of caramel pink Brazilian turtle hatchlings.

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Speaker 2: The caramel pink is a rare type of turtle that

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Speaker 2: has been selectively bred for its cute pink appearance. One

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Speaker 2: of the hatchlings in the video has an extra eye

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Speaker 2: on the side of its face as the result of

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Speaker 2: a rare genetic defect. But I guess at least it's

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Speaker 2: caramel pink.

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

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Speaker 1: Mind and Business.

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Speaker 2: Marie Els does he correspondence with ms hey Hey.

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Speaker 14: Good afternoon.

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Speaker 2: RBA has made the call to hold yes, indeed.

438
00:19:09,520 --> 00:19:12,320
Speaker 17: A two day meeting, and we found out only a

439
00:19:12,359 --> 00:19:15,000
Speaker 17: short time ago, a few minutes ago, that for the

440
00:19:15,119 --> 00:19:18,960
Speaker 17: sixth time this year, the Reserve Bank will keep the

441
00:19:19,200 --> 00:19:22,639
Speaker 17: cash rate on hold, and that in the context of

442
00:19:23,080 --> 00:19:26,520
Speaker 17: falling global share markets, and many people have here were

443
00:19:26,520 --> 00:19:28,800
Speaker 17: saying what's that going to do in terms of influencing

444
00:19:28,880 --> 00:19:30,800
Speaker 17: the Reserve Bank and the government.

445
00:19:30,880 --> 00:19:31,679
Speaker 14: Michelle Bullock.

446
00:19:31,760 --> 00:19:34,600
Speaker 17: Most economists were tipping rates would stay at four point

447
00:19:34,720 --> 00:19:37,160
Speaker 17: three five percent, been that level all year.

448
00:19:37,760 --> 00:19:40,480
Speaker 14: But people are jitterary, no doubt about it.

449
00:19:40,600 --> 00:19:43,880
Speaker 17: The Australian Stock Exchange yesterday had its worst day heather

450
00:19:43,960 --> 00:19:46,200
Speaker 17: since the start of the COVID pandemic, down five point

451
00:19:46,240 --> 00:19:49,480
Speaker 17: seven percent. It's billions and billions of dollars. But there's

452
00:19:49,520 --> 00:19:52,240
Speaker 17: been some recovery today. There's some lost ground been made up.

453
00:19:52,560 --> 00:19:55,720
Speaker 17: So when my interest rates begin to track down, well,

454
00:19:55,800 --> 00:19:58,639
Speaker 17: economists are saying not to lily twenty twenty five, just

455
00:19:58,760 --> 00:20:01,280
Speaker 17: in time maybe for the federal election, and it could be.

456
00:20:01,320 --> 00:20:03,440
Speaker 2: A biggie Yeah, could well be. Hey, so is he

457
00:20:03,520 --> 00:20:05,879
Speaker 2: Peter Dutton wants Australia pull it's unrefunding.

458
00:20:05,960 --> 00:20:07,840
Speaker 14: Yeah, that's right now.

459
00:20:08,000 --> 00:20:12,320
Speaker 17: Look after that idious attack last October, that's exactly what

460
00:20:12,440 --> 00:20:15,040
Speaker 17: the Australian government did. It pulled its funding from the

461
00:20:15,520 --> 00:20:20,399
Speaker 17: United Nations Relief and Works Agency after those allegation Service

462
00:20:20,440 --> 00:20:24,040
Speaker 17: that some agency staff actually took part in those HUMAS

463
00:20:24,560 --> 00:20:29,160
Speaker 17: attacks on October seven. Well, after a period of time,

464
00:20:29,240 --> 00:20:32,320
Speaker 17: that fund was restored the government, arguing it was better

465
00:20:32,400 --> 00:20:34,399
Speaker 17: for the greater good that that money was going to

466
00:20:34,480 --> 00:20:39,880
Speaker 17: actually house people in these areas well. Peter Dutton now

467
00:20:40,000 --> 00:20:42,520
Speaker 17: jumping in after that, finding it in fact year nine

468
00:20:42,600 --> 00:20:45,639
Speaker 17: staff were involved. Dunton says that the government made a

469
00:20:45,760 --> 00:20:49,960
Speaker 17: very bad mistake by restoring the funding to that UN agency.

470
00:20:50,000 --> 00:20:51,080
Speaker 14: He wants that money cut.

471
00:20:51,359 --> 00:20:54,120
Speaker 17: And I can also tell you this afternoon that Anthony Alberanezi,

472
00:20:54,200 --> 00:20:57,520
Speaker 17: the Prime Minister, has revealed the Australian government won't be

473
00:20:57,640 --> 00:21:01,840
Speaker 17: expelling the Iranian ambassador Australia, but he has been called

474
00:21:01,840 --> 00:21:03,159
Speaker 17: in and has backsidekicked.

475
00:21:03,520 --> 00:21:05,960
Speaker 14: He used x to call Israel quote a.

476
00:21:06,080 --> 00:21:10,359
Speaker 17: Zionist plague and he described the Hummas promise to wipe

477
00:21:10,400 --> 00:21:14,120
Speaker 17: out Israel by twenty twenty seven as a quote heavenly

478
00:21:14,280 --> 00:21:17,520
Speaker 17: and divine promise. He's a sort of bloke we should

479
00:21:17,560 --> 00:21:20,320
Speaker 17: be putting on a plane out of Mascot Airport back

480
00:21:20,359 --> 00:21:21,120
Speaker 17: over the Middle East.

481
00:21:21,280 --> 00:21:21,520
Speaker 12: Regon.

482
00:21:21,600 --> 00:21:23,639
Speaker 2: Sounds like a winner. Now, why are you guys so

483
00:21:23,760 --> 00:21:24,680
Speaker 2: into Nomi Fox?

484
00:21:25,840 --> 00:21:27,920
Speaker 17: Well, because we just love the family, the family of

485
00:21:27,960 --> 00:21:29,040
Speaker 17: bloody overachievers.

486
00:21:29,080 --> 00:21:30,200
Speaker 14: Heather, that is dreadful.

487
00:21:30,480 --> 00:21:33,600
Speaker 17: Mum and Dad both went to the Olympic Games as paddlers.

488
00:21:34,240 --> 00:21:36,680
Speaker 17: Mum in fact won the bronze for France way back

489
00:21:36,720 --> 00:21:38,800
Speaker 17: in nineteen ninety six in Atlanta.

490
00:21:39,520 --> 00:21:41,080
Speaker 14: Paddling Dad of course went.

491
00:21:40,960 --> 00:21:44,480
Speaker 17: To five or six World Championships for Great Britain, so

492
00:21:44,760 --> 00:21:48,320
Speaker 17: no surprise. The Pogny are pretty good paddlers. And Jess Fox,

493
00:21:48,440 --> 00:21:50,639
Speaker 17: thirty years old, the older of the two sisters. What

494
00:21:50,760 --> 00:21:54,040
Speaker 17: an overachiever, top New South Wales, if you don't mind,

495
00:21:54,119 --> 00:21:57,200
Speaker 17: in one of those high school end of high school subjects,

496
00:21:57,280 --> 00:22:00,199
Speaker 17: top of the state. One Olympic gold in Tokyo, two

497
00:22:00,280 --> 00:22:03,040
Speaker 17: more gold medals in Paris. So she got six medals

498
00:22:03,119 --> 00:22:06,479
Speaker 17: in total and fourteen world titles. Now the little sister's

499
00:22:06,520 --> 00:22:09,040
Speaker 17: got a gold medal too. Her name her name is

500
00:22:09,960 --> 00:22:13,320
Speaker 17: no Emi. I almost said Naomi, but it's no Emy.

501
00:22:13,400 --> 00:22:16,399
Speaker 17: She's twenty seven years old and she won the She

502
00:22:16,520 --> 00:22:19,320
Speaker 17: won the it's a brand new event, I think it is,

503
00:22:19,480 --> 00:22:23,040
Speaker 17: and it's the kayak cross where they come leaping unto

504
00:22:23,080 --> 00:22:24,919
Speaker 17: the water and start belting each other and go all

505
00:22:24,960 --> 00:22:28,760
Speaker 17: the way down the white water and as she prevailed,

506
00:22:28,800 --> 00:22:31,520
Speaker 17: she got the gold medal. It was lovely, lovely moment

507
00:22:31,600 --> 00:22:34,800
Speaker 17: to see the two sisters embracing in the water because Finally,

508
00:22:34,880 --> 00:22:36,280
Speaker 17: now bragging rights are shared.

509
00:22:36,640 --> 00:22:38,919
Speaker 2: Yeah, okay, I can understand why you guys are into it. Hey,

510
00:22:38,960 --> 00:22:41,320
Speaker 2: thank you very much. MAZ really appreciate it. Murray Old's

511
00:22:41,320 --> 00:22:45,320
Speaker 2: our Rossie correspondent. Hither Frankly, Sean Johnson was the sole

512
00:22:45,440 --> 00:22:47,600
Speaker 2: reason I went to the Warriors games. How do I

513
00:22:47,680 --> 00:22:49,440
Speaker 2: tell my husband I don't want to seize and take

514
00:22:49,480 --> 00:22:50,040
Speaker 2: it for Christmas?

515
00:22:50,119 --> 00:22:50,239
Speaker 3: Now?

516
00:22:50,320 --> 00:22:53,760
Speaker 2: What a gorgeous face with the perfect stubble that's from Catherine.

517
00:22:54,080 --> 00:22:57,119
Speaker 2: What an absolute perv. Catherine's gonna have a real problem

518
00:22:57,160 --> 00:23:00,240
Speaker 2: with Sean if Sean Johnson pops up on the old

519
00:23:00,840 --> 00:23:03,119
Speaker 2: Sky TV, Because now now you definitely don't want to

520
00:23:03,119 --> 00:23:04,320
Speaker 2: be going to the game because you're not going to

521
00:23:04,359 --> 00:23:05,720
Speaker 2: see the perfect stubble at all. You need to be

522
00:23:05,720 --> 00:23:07,080
Speaker 2: setting at home. So you need to get rid of

523
00:23:07,080 --> 00:23:09,879
Speaker 2: those tickets as fast as you possibly can. Get some Christmas,

524
00:23:10,080 --> 00:23:13,199
Speaker 2: get some get some other season tickets for Christmas. Very

525
00:23:13,280 --> 00:23:15,560
Speaker 2: cool idea for Wellington, I think has just popped out.

526
00:23:15,600 --> 00:23:18,280
Speaker 2: And frankly, I think Wellington needs some cool ideas, particularly

527
00:23:18,359 --> 00:23:20,040
Speaker 2: Courtney Place, which I don't know if you know the

528
00:23:20,080 --> 00:23:21,720
Speaker 2: heyday of you know, if you remember the heydays of

529
00:23:21,800 --> 00:23:23,840
Speaker 2: Courtney Place, was a very cool place to be and

530
00:23:23,920 --> 00:23:25,919
Speaker 2: now you've just got the stink old cinemas sitting there

531
00:23:25,920 --> 00:23:28,479
Speaker 2: all shut up and just being abandoned, and it all

532
00:23:28,480 --> 00:23:30,359
Speaker 2: just feels a bit cruddy and boozy at the moment

533
00:23:30,480 --> 00:23:33,159
Speaker 2: and stuff. So what a bunch of local hospital businesses

534
00:23:33,200 --> 00:23:35,359
Speaker 2: have decided to do is they've come up with the

535
00:23:35,440 --> 00:23:37,840
Speaker 2: idea of turning it into a little bit of a

536
00:23:37,920 --> 00:23:40,600
Speaker 2: party zone. But it sounds like a family friendly party

537
00:23:40,680 --> 00:23:42,400
Speaker 2: zone for New Year's Eve. So they want to shut

538
00:23:42,440 --> 00:23:44,720
Speaker 2: the street off all together, which it has been done before.

539
00:23:44,760 --> 00:23:46,440
Speaker 2: They used to do it for the sevens and I

540
00:23:46,480 --> 00:23:48,439
Speaker 2: think they did it recently for some sort of a festival.

541
00:23:48,480 --> 00:23:50,840
Speaker 2: I can't remember what it was. Maybe it was like

542
00:23:51,359 --> 00:23:53,160
Speaker 2: Rugby World Cup when we last had it. I don't

543
00:23:53,160 --> 00:23:55,640
Speaker 2: really know. They want to have some live entertainment there.

544
00:23:55,680 --> 00:23:57,800
Speaker 2: They want to offer drink and food and have the

545
00:23:57,880 --> 00:24:00,240
Speaker 2: families come around from five that evening and obviously later

546
00:24:00,359 --> 00:24:04,160
Speaker 2: on around about midnight it will turn into the traditional

547
00:24:04,240 --> 00:24:07,480
Speaker 2: boozing boozing hole troublers. They've been talking to the mayor

548
00:24:07,720 --> 00:24:10,200
Speaker 2: to the council about this now for months and they're

549
00:24:10,240 --> 00:24:11,720
Speaker 2: just waiting on the green lights. So we're gonna have

550
00:24:11,720 --> 00:24:13,320
Speaker 2: a chat to one of the business owners. Have to

551
00:24:13,359 --> 00:24:15,000
Speaker 2: quarter past five, just to get a sense of what

552
00:24:15,160 --> 00:24:16,480
Speaker 2: is going on here, because I mean, I think this

553
00:24:16,840 --> 00:24:18,680
Speaker 2: obviously seems like a slam dunk, doesn't it. We'll do

554
00:24:18,760 --> 00:24:20,000
Speaker 2: politics next with Barry Soper.

555
00:24:20,840 --> 00:24:24,119
Speaker 1: Politics was centrics credit, check your customers and get payments,

556
00:24:24,160 --> 00:24:25,280
Speaker 1: Certainty Barry.

557
00:24:25,040 --> 00:24:28,040
Speaker 2: Soper, Senior Political Correspondence with US Barry, Hello, good afternoon.

558
00:24:28,080 --> 00:24:31,200
Speaker 2: Heather's on the energy, something very close to an energy

559
00:24:31,200 --> 00:24:33,240
Speaker 2: crisis that we're facing at the moment. Act once a

560
00:24:33,280 --> 00:24:35,240
Speaker 2: cross party ac called on this. What are the details?

561
00:24:35,400 --> 00:24:38,160
Speaker 9: Well, I think they're hoping against all hope actually, because

562
00:24:38,200 --> 00:24:41,560
Speaker 9: you'll remember it was the Labor government that the first

563
00:24:41,680 --> 00:24:45,480
Speaker 9: action that took was to ban all prospecting for gas

564
00:24:46,000 --> 00:24:48,720
Speaker 9: and for oil, and that hardly going now to turn

565
00:24:48,760 --> 00:24:51,440
Speaker 9: around and go, yep, we'll agree with that, we'll have

566
00:24:51,480 --> 00:24:54,520
Speaker 9: a cross party accord. And it's just being bloody stubborn. Yeah,

567
00:24:54,600 --> 00:24:57,399
Speaker 9: when you think about it, because this country is at

568
00:24:57,440 --> 00:25:00,720
Speaker 9: the moment going through a energy crist I mean, hydro

569
00:25:00,880 --> 00:25:04,760
Speaker 9: lake levels are very low, there's high seasonal demand for power,

570
00:25:05,119 --> 00:25:08,720
Speaker 9: of course, being in the winter, and wholesale prices have

571
00:25:08,920 --> 00:25:12,400
Speaker 9: spiked to almost double what they were a month ago.

572
00:25:13,000 --> 00:25:15,719
Speaker 9: So things are out of control. The energy companies at

573
00:25:15,720 --> 00:25:20,159
Speaker 9: the moment are sitting on the costs, but in the end,

574
00:25:20,400 --> 00:25:23,480
Speaker 9: unless something gives, that cost will be borne by the

575
00:25:23,600 --> 00:25:27,639
Speaker 9: consumer in your electricity bill. Now, actors calling on labor

576
00:25:27,680 --> 00:25:30,320
Speaker 9: in the Greens to come to the table to form

577
00:25:30,720 --> 00:25:37,200
Speaker 9: some sort of cross party stance that the party's energy spokesman,

578
00:25:37,600 --> 00:25:41,520
Speaker 9: Simon Courts hears it'll tell the world that it's a

579
00:25:41,640 --> 00:25:45,960
Speaker 9: safe place to invest in energy projects, because that's what

580
00:25:46,119 --> 00:25:49,359
Speaker 9: this span has done. It's driven companies away who would

581
00:25:49,720 --> 00:25:52,119
Speaker 9: invest if they think that investment is going to be

582
00:25:52,240 --> 00:25:53,880
Speaker 9: undone if there's a change in government.

583
00:25:54,359 --> 00:25:54,520
Speaker 11: Now.

584
00:25:55,280 --> 00:25:58,000
Speaker 9: Associate Energy Minister Shane Jones, he was on his feet

585
00:25:58,040 --> 00:26:00,639
Speaker 9: in Parliament today and he left it an down as

586
00:26:00,680 --> 00:26:03,760
Speaker 9: to where he and the government stands on our dependence

587
00:26:03,840 --> 00:26:07,080
Speaker 9: on others when it comes to energy stores that we

588
00:26:07,320 --> 00:26:09,600
Speaker 9: actually naturally should have in this country.

589
00:26:10,000 --> 00:26:13,479
Speaker 18: In recent years, Sir, countries around the world have been

590
00:26:13,600 --> 00:26:17,960
Speaker 18: scrambling to strengthen fuel security. We sadly have headed off

591
00:26:18,000 --> 00:26:22,120
Speaker 18: in the opposite direction. We've followed a path of flakiness,

592
00:26:22,680 --> 00:26:27,080
Speaker 18: green ruination. How perverse that those people who thought that

593
00:26:27,200 --> 00:26:30,280
Speaker 18: they would improve energy resilience in New Zealand are now

594
00:26:30,480 --> 00:26:35,639
Speaker 18: reduced to requiring ongoing imports of Indonesian coal, and we

595
00:26:35,720 --> 00:26:38,800
Speaker 18: will stand with industry and ensure that industry is not

596
00:26:39,040 --> 00:26:42,479
Speaker 18: monstered by green termites nibbling away at our economic capital.

597
00:26:44,080 --> 00:26:48,160
Speaker 9: You know, And he's absolutely right, of course, any right

598
00:26:48,280 --> 00:26:53,160
Speaker 9: thinking person would say exactly that that we've got the resources.

599
00:26:52,680 --> 00:26:54,120
Speaker 3: Here, what are we doing.

600
00:26:54,520 --> 00:26:58,280
Speaker 9: We're importing the resources that we can actually uncover in

601
00:26:58,359 --> 00:27:00,520
Speaker 9: this country. It's patently surd.

602
00:27:01,080 --> 00:27:04,440
Speaker 2: The spat between ACT and Jerry Browne still kicking on today.

603
00:27:04,600 --> 00:27:07,280
Speaker 9: Well, no it's not. ACT was on its feet and

604
00:27:07,560 --> 00:27:11,080
Speaker 9: I didn't notice any lapal badge, as I know they

605
00:27:11,160 --> 00:27:14,480
Speaker 9: wouldn't be recognized by the speaker if they did when

606
00:27:14,520 --> 00:27:17,040
Speaker 9: it came to questioning. But it was a shamozel in

607
00:27:17,080 --> 00:27:20,399
Speaker 9: the debating chamber last week, wasn't it where ACT members

608
00:27:20,440 --> 00:27:24,760
Speaker 9: were told to not to wear those lapal badges. David

609
00:27:24,840 --> 00:27:28,440
Speaker 9: Seymour indicated that he was losing confidence in the speaker

610
00:27:28,520 --> 00:27:31,800
Speaker 9: Jerry Brownly. Well, today it was a much more orderly affair,

611
00:27:31,840 --> 00:27:35,200
Speaker 9: I've got to say it. But it began with Brownlee

612
00:27:35,440 --> 00:27:39,800
Speaker 9: reminding MPs they have a legitimate route to follow if

613
00:27:39,880 --> 00:27:42,399
Speaker 9: they are upset about how things are going, and not

614
00:27:42,600 --> 00:27:45,720
Speaker 9: just in the debating chamber, but in Parliament as a whole.

615
00:27:46,160 --> 00:27:49,680
Speaker 9: He reminded them that they have a Commissioner for Parliamentary

616
00:27:49,720 --> 00:27:51,359
Speaker 9: Standards who they can complain to.

617
00:27:51,920 --> 00:27:55,160
Speaker 19: The safe ground of the Commissioner for Parliamentary Standards provides

618
00:27:55,280 --> 00:27:58,800
Speaker 19: members and staff with a less time sense of opportunity

619
00:27:58,960 --> 00:28:01,639
Speaker 19: to raise matters which reflect poorly on the culture of

620
00:28:01,720 --> 00:28:04,600
Speaker 19: this House is at two pm today, the Commissioner for

621
00:28:04,720 --> 00:28:09,240
Speaker 19: Parliamentary Standards has not received any formal complaints or reports

622
00:28:09,440 --> 00:28:11,960
Speaker 19: on any matters relating to stands up behavior and the

623
00:28:12,000 --> 00:28:15,600
Speaker 19: parliamentary complex since her appointment. I encourage members to work

624
00:28:15,640 --> 00:28:17,800
Speaker 19: with the Commissioner for Parliamentary Standards.

625
00:28:17,920 --> 00:28:19,920
Speaker 14: We're appropriate great job to have that.

626
00:28:20,040 --> 00:28:24,760
Speaker 9: Lynn Provost is the Parliamentary Standards Commissioner. She was appointed

627
00:28:24,800 --> 00:28:27,399
Speaker 9: at the beginning of last year, so she has now

628
00:28:27,480 --> 00:28:29,080
Speaker 9: the hell of a lot to do. She was the

629
00:28:29,160 --> 00:28:33,080
Speaker 9: former Order to General. I'm not sure how much she

630
00:28:33,280 --> 00:28:36,760
Speaker 9: costs us. I tried to find that out, but without success.

631
00:28:36,760 --> 00:28:38,960
Speaker 2: I'm afraid Who's off to the Pacific?

632
00:28:40,040 --> 00:28:43,000
Speaker 9: Well, isn't it amazing? I heard your wonderful interview that

633
00:28:43,040 --> 00:28:46,760
Speaker 9: you had with Professor White from Australia about orcus pillar

634
00:28:46,840 --> 00:28:50,680
Speaker 9: two and how it clearly seems a signal to China

635
00:28:51,320 --> 00:28:56,120
Speaker 9: that we're currying favor with the Americans as opposed to China,

636
00:28:56,200 --> 00:28:59,040
Speaker 9: who of course is our biggest trading partner by far.

637
00:29:00,000 --> 00:29:03,520
Speaker 9: Winston Peters and he's barely at home these days. He's

638
00:29:03,600 --> 00:29:06,800
Speaker 9: off to the Pacific on a four country tour. It'll

639
00:29:06,840 --> 00:29:10,640
Speaker 9: be a cross party delegation that he's taking with them.

640
00:29:10,680 --> 00:29:13,480
Speaker 9: And the thing that I find extraordinary is that the

641
00:29:13,560 --> 00:29:19,160
Speaker 9: government had a goal of visiting all seventeen Pacific countries

642
00:29:20,040 --> 00:29:23,280
Speaker 9: this year. Well when they finished this tour, they will

643
00:29:23,320 --> 00:29:28,360
Speaker 9: have visited fourteen out of the seventeen, and that's extraordinary.

644
00:29:28,760 --> 00:29:31,880
Speaker 9: So we're currying favor in the Pacific to show that, Look,

645
00:29:32,280 --> 00:29:35,560
Speaker 9: we are at home in the Pacific, not the Chinese,

646
00:29:35,720 --> 00:29:38,240
Speaker 9: who of course have made a lot of inroads into

647
00:29:38,320 --> 00:29:41,160
Speaker 9: this part of the world in recent years by the absence,

648
00:29:41,200 --> 00:29:43,000
Speaker 9: I might say, of America.

649
00:29:43,120 --> 00:29:48,840
Speaker 2: Yeah, so Winston's definitely raising those energy levels. I thank you,

650
00:29:48,960 --> 00:29:51,560
Speaker 2: very appreciate it, very so for senior political correspondent eight

651
00:29:51,600 --> 00:29:53,680
Speaker 2: away from five putting.

652
00:29:53,400 --> 00:29:57,360
Speaker 1: The tough questions to the newsmakers some Mike asking breakfast.

653
00:29:56,960 --> 00:29:58,840
Speaker 20: Fling as the Crystal Blackson's well, us, are you aware

654
00:29:58,880 --> 00:30:00,760
Speaker 20: of the Winston Polton mills thing?

655
00:30:00,760 --> 00:30:02,080
Speaker 3: And Ohakudi, Yes, I'm aware.

656
00:30:02,160 --> 00:30:04,960
Speaker 21: Mills under huge pressure with rising energy costs across the country.

657
00:30:05,080 --> 00:30:07,640
Speaker 15: How can we run a country and an economy far

658
00:30:07,800 --> 00:30:09,640
Speaker 15: less a couple of mills if we can't afford the

659
00:30:09,640 --> 00:30:10,040
Speaker 15: power bill?

660
00:30:10,120 --> 00:30:10,680
Speaker 3: Yeah, well, that's.

661
00:30:10,560 --> 00:30:12,680
Speaker 21: Exactly the reason why we're reversing the oil and Gas

662
00:30:12,760 --> 00:30:15,200
Speaker 21: band because the problem that we've got is that ban

663
00:30:15,400 --> 00:30:18,200
Speaker 21: was announced and the second and third order implications we're considered,

664
00:30:18,280 --> 00:30:20,400
Speaker 21: and we're feeling that right now because we don't have

665
00:30:20,520 --> 00:30:22,120
Speaker 21: enough gas in the country and we need it and

666
00:30:22,160 --> 00:30:23,440
Speaker 21: we can't get enough of it. So this is a

667
00:30:23,480 --> 00:30:25,840
Speaker 21: consequence of a decision taken by the arjourn devernment without

668
00:30:25,880 --> 00:30:28,440
Speaker 21: thinking through the consequences. We need gas for a number

669
00:30:28,480 --> 00:30:31,080
Speaker 21: of decades as a transitionary source of energy before you

670
00:30:31,160 --> 00:30:32,600
Speaker 21: get to nirvana or renewables.

671
00:30:32,840 --> 00:30:35,520
Speaker 1: Back tomorrow at six am, the Mike asking breakfast with

672
00:30:35,600 --> 00:30:37,840
Speaker 1: the rain Drover of the lahe News talk ZB.

673
00:30:37,920 --> 00:30:40,680
Speaker 2: Heather, a Green Party member, was wearing a Palestinian scarf

674
00:30:40,680 --> 00:30:43,480
Speaker 2: and the debating to chamber today, how is that permissible

675
00:30:43,480 --> 00:30:45,200
Speaker 2: when I understand they're not permitted for worn in the

676
00:30:45,240 --> 00:30:48,720
Speaker 2: public area of parliament. How is a pin label permitted

677
00:30:48,960 --> 00:30:51,640
Speaker 2: not permitted, but a Palestinian scarff as DEBI I don't know.

678
00:30:51,760 --> 00:30:53,520
Speaker 2: I don't even know what the rules are anymore. I

679
00:30:54,160 --> 00:30:56,040
Speaker 2: give up on them because it's just a muzzle in there,

680
00:30:56,120 --> 00:30:58,640
Speaker 2: isn't it. It just feels so petty and ridiculous. I

681
00:30:58,720 --> 00:30:59,880
Speaker 2: just give up on what they're allowed to do. I

682
00:31:00,080 --> 00:31:03,160
Speaker 2: feel like they should just have one standard, just a

683
00:31:03,200 --> 00:31:07,040
Speaker 2: consistent standard. But evidently that's too hard. Looks like the

684
00:31:07,080 --> 00:31:09,120
Speaker 2: sheer markets a little bit of good news, have stabilized

685
00:31:09,120 --> 00:31:11,640
Speaker 2: after the last few days of shedding value. The Nike,

686
00:31:11,800 --> 00:31:14,280
Speaker 2: which yesterday had a bit of a tough time, has

687
00:31:14,400 --> 00:31:16,720
Speaker 2: bounced back. The aa SX is upter, South Korean markets

688
00:31:16,760 --> 00:31:18,560
Speaker 2: are up, and so on. So Matt Goodson, who's the

689
00:31:18,600 --> 00:31:21,120
Speaker 2: managing director at Salt Funds Management, will be with us

690
00:31:21,520 --> 00:31:23,600
Speaker 2: in fifteen minutes or thereabouts and just talk us through

691
00:31:23,680 --> 00:31:26,440
Speaker 2: what is going on. Whether that's the end of this

692
00:31:26,560 --> 00:31:29,880
Speaker 2: little panic that was going on on the maths thing.

693
00:31:30,400 --> 00:31:33,080
Speaker 2: I read an interesting article today about what has gone

694
00:31:33,120 --> 00:31:35,160
Speaker 2: wrong for us with maths. I mean, obviously a fair

695
00:31:35,200 --> 00:31:37,560
Speaker 2: amount fair few things have gone wrong all at the

696
00:31:37,560 --> 00:31:39,800
Speaker 2: same time with maths, like our teachers can't teach maths

697
00:31:39,920 --> 00:31:42,160
Speaker 2: and so on and so on. But Timothy Lowe, who

698
00:31:42,320 --> 00:31:44,600
Speaker 2: is the head of maths at Malville High School in Hamilton,

699
00:31:44,920 --> 00:31:46,800
Speaker 2: made a really interesting point. He said, it's not all

700
00:31:46,840 --> 00:31:49,640
Speaker 2: of it by any means, but part of our problem

701
00:31:49,720 --> 00:31:53,160
Speaker 2: with maths in this country is our attitude towards maths.

702
00:31:53,200 --> 00:31:55,040
Speaker 2: He says, there's a perception in New Zealand that it

703
00:31:55,160 --> 00:31:58,280
Speaker 2: is socially acceptable to be poor at maths, when it

704
00:31:58,360 --> 00:32:01,520
Speaker 2: is not socially acceptable to be poor at literacy. When

705
00:32:01,520 --> 00:32:03,680
Speaker 2: a child is struggling, some parents and even some primary

706
00:32:03,680 --> 00:32:05,680
Speaker 2: school teachers will say art's okay. Is not good at

707
00:32:05,680 --> 00:32:09,200
Speaker 2: maths either, and that normalizes which isn't good. Asian parents,

708
00:32:09,280 --> 00:32:11,280
Speaker 2: on the other hand, he says, will say I wasn't

709
00:32:11,280 --> 00:32:12,960
Speaker 2: good at maths, so you need to be good at maths.

710
00:32:13,040 --> 00:32:13,120
Speaker 12: Now.

711
00:32:13,160 --> 00:32:14,800
Speaker 2: That's a very good point that he's making, isn't it

712
00:32:14,880 --> 00:32:16,360
Speaker 2: Like if your kid came home and was like, oh,

713
00:32:16,720 --> 00:32:20,440
Speaker 2: just really stink at reading, you'd be like, no, you

714
00:32:20,480 --> 00:32:23,800
Speaker 2: will learn to read because you understand how important it

715
00:32:23,920 --> 00:32:25,480
Speaker 2: is to be able to read. And yet we don't

716
00:32:25,560 --> 00:32:28,360
Speaker 2: have the same attitude towards maths, which is just quite

717
00:32:28,440 --> 00:32:30,560
Speaker 2: astounding given that, as I said at the very beginning

718
00:32:30,560 --> 00:32:34,280
Speaker 2: of the show, now maths is the universal language nowadays,

719
00:32:35,000 --> 00:32:38,560
Speaker 2: like get hit around this, Maths is the universal language.

720
00:32:38,720 --> 00:32:42,240
Speaker 2: Right you use maths for everything you needed in psychology,

721
00:32:42,360 --> 00:32:44,959
Speaker 2: you needed in computer programming, like you could do all

722
00:32:45,000 --> 00:32:47,560
Speaker 2: these things in maths. That anybody who speaks any language

723
00:32:47,560 --> 00:32:50,280
Speaker 2: in the whole wide world, if I understand Maths can understand,

724
00:32:50,840 --> 00:32:52,680
Speaker 2: I understand what the hell you're saying. If they don't

725
00:32:52,680 --> 00:32:54,680
Speaker 2: speak English, but Maths they can. So anyway, we need

726
00:32:54,720 --> 00:32:56,720
Speaker 2: to get a little bit of an attitude change going

727
00:32:56,760 --> 00:32:58,800
Speaker 2: on there, and hopefully what the government is doing is

728
00:32:58,880 --> 00:33:00,760
Speaker 2: just the start of it. But next up, let's have

729
00:33:00,800 --> 00:33:02,200
Speaker 2: a chat to Health New Zealand just to get to

730
00:33:02,200 --> 00:33:04,239
Speaker 2: the bottom of why it is they suddenly changed their

731
00:33:04,280 --> 00:33:08,680
Speaker 2: mind on key Truder clue, maybe the Health minister getting involved.

732
00:33:08,880 --> 00:33:09,680
Speaker 2: Newstalk z EDB.

733
00:33:26,680 --> 00:33:29,840
Speaker 1: The only drive show you can trust to ask the questions,

734
00:33:29,960 --> 00:33:33,400
Speaker 1: get the answers by the facts and give the analysis.

735
00:33:33,760 --> 00:33:37,280
Speaker 1: Heather due to Zelum Drive with One New Zealand. Let's

736
00:33:37,360 --> 00:33:38,920
Speaker 1: get connected a news Talk.

737
00:33:38,920 --> 00:33:39,280
Speaker 12: Zed B.

738
00:33:41,840 --> 00:33:44,760
Speaker 2: Afternoon as predicted. Health New Zealand has now backtracked on

739
00:33:44,840 --> 00:33:47,200
Speaker 2: its decision to block early access to key Truder for

740
00:33:47,240 --> 00:33:50,040
Speaker 2: some cancer patients. What happened is that the drug company

741
00:33:50,200 --> 00:33:52,800
Speaker 2: offered twenty to thirty patients the chance to start the

742
00:33:52,840 --> 00:33:56,120
Speaker 2: treatment now before the official rollout in October, but Health

743
00:33:56,160 --> 00:33:58,840
Speaker 2: New Zealand told oncologists not to accept the offer. It's

744
00:33:58,880 --> 00:34:01,000
Speaker 2: now changed its mind. Chief Clinical Office of for Health

745
00:34:01,040 --> 00:34:05,120
Speaker 2: New Zealand is Richard Sullivan. Have Richard, why'd you change

746
00:34:05,120 --> 00:34:05,440
Speaker 2: your mind?

747
00:34:06,920 --> 00:34:07,080
Speaker 12: Yeah?

748
00:34:07,120 --> 00:34:10,879
Speaker 22: Look, first, Header, just make a call out to ready

749
00:34:10,920 --> 00:34:13,240
Speaker 22: this fantast opportunity for all of our patients and families.

750
00:34:13,280 --> 00:34:16,960
Speaker 22: A decision to fund signific a ount of cancer drugs

751
00:34:17,760 --> 00:34:19,840
Speaker 22: for our patients is really important.

752
00:34:20,400 --> 00:34:23,200
Speaker 12: And the reason I start there is because we've been

753
00:34:23,239 --> 00:34:23,640
Speaker 12: doing a lot of.

754
00:34:23,640 --> 00:34:26,440
Speaker 22: Planning since that decision was made and so looking at

755
00:34:27,200 --> 00:34:30,440
Speaker 22: as these drugs will come into the system. And so

756
00:34:30,520 --> 00:34:33,640
Speaker 22: we've got, as you probably were, a collection of six

757
00:34:33,760 --> 00:34:35,640
Speaker 22: or seven drugs that are coming online on the first

758
00:34:35,680 --> 00:34:38,719
Speaker 22: of October, for one of which is pemberlism may have

759
00:34:38,800 --> 00:34:42,040
Speaker 22: or cotruder, which is an IV therapy, and there are

760
00:34:42,760 --> 00:34:46,479
Speaker 22: several patient groups that well obviously bene from that drug

761
00:34:46,960 --> 00:34:50,239
Speaker 22: so we were sort of working towards making that work,

762
00:34:50,320 --> 00:34:52,360
Speaker 22: making that safe for all, making sure we had that

763
00:34:52,400 --> 00:34:56,200
Speaker 22: all available on the first October, and recognize that that

764
00:34:56,360 --> 00:35:00,879
Speaker 22: seven weeks away. When a patient gets seen, they often

765
00:35:00,920 --> 00:35:02,920
Speaker 22: if a patient's referred, takes us a few weeks to

766
00:35:02,960 --> 00:35:06,279
Speaker 22: see them, to go through the treatment plan with them,

767
00:35:06,280 --> 00:35:09,200
Speaker 22: and then obviously to put them into the waitless for treatment,

768
00:35:09,239 --> 00:35:10,279
Speaker 22: which takes another few weeks.

769
00:35:10,320 --> 00:35:12,520
Speaker 12: So I guess that have been our focus.

770
00:35:13,320 --> 00:35:17,239
Speaker 22: But really after reaching out to our clinical colleagues and

771
00:35:17,280 --> 00:35:21,040
Speaker 22: our cancer centers, recognizing that, you know, the number of

772
00:35:21,080 --> 00:35:23,760
Speaker 22: patients that we could bring it early under this access

773
00:35:23,840 --> 00:35:26,760
Speaker 22: program as a small number, we felt that the system could.

774
00:35:26,680 --> 00:35:27,120
Speaker 12: Could do that.

775
00:35:27,239 --> 00:35:28,880
Speaker 22: At the same time as we put the planning in

776
00:35:29,440 --> 00:35:31,640
Speaker 22: to make sure we're getting right to the first of October.

777
00:35:31,320 --> 00:35:33,520
Speaker 2: How quickly can you get these twenty to thirty being

778
00:35:33,600 --> 00:35:34,520
Speaker 2: treated for free.

779
00:35:36,120 --> 00:35:38,359
Speaker 12: So that the program's open now.

780
00:35:38,880 --> 00:35:41,040
Speaker 22: This is an access program where the drug company, the

781
00:35:41,120 --> 00:35:44,080
Speaker 22: farmer company, provides the drug, the dose of drug for

782
00:35:44,120 --> 00:35:47,080
Speaker 22: free and in a seven week period. If a patients

783
00:35:47,160 --> 00:35:49,080
Speaker 22: started the next week or two, then they might receive

784
00:35:49,160 --> 00:35:52,120
Speaker 22: one or two doses over that period of time. Most

785
00:35:52,200 --> 00:35:55,120
Speaker 22: of these patients well some of these patients will be

786
00:35:55,200 --> 00:35:57,239
Speaker 22: on other treatment plans at the moment, so we will

787
00:35:57,239 --> 00:35:59,360
Speaker 22: be able to see them when they come up to

788
00:35:59,400 --> 00:36:01,719
Speaker 22: their next appointment and then shift them across into the

789
00:36:01,800 --> 00:36:04,720
Speaker 22: system under the new drug. But many of these patients

790
00:36:04,719 --> 00:36:07,080
Speaker 22: will be referred into the system, so obviously they'll go

791
00:36:07,200 --> 00:36:10,920
Speaker 22: into the into the process. Things really important that we

792
00:36:11,680 --> 00:36:13,560
Speaker 22: make sure that we provide us all our patients based

793
00:36:13,600 --> 00:36:16,600
Speaker 22: on clinical need, so they'll get referred and to see

794
00:36:16,800 --> 00:36:19,759
Speaker 22: a cancer specialist. That might take as I say, a

795
00:36:19,880 --> 00:36:21,560
Speaker 22: couple of weeks, it may take up to four or

796
00:36:21,640 --> 00:36:24,640
Speaker 22: five in some centers, and then you know, we'll start

797
00:36:24,680 --> 00:36:25,400
Speaker 22: them soon after that.

798
00:36:25,600 --> 00:36:29,120
Speaker 2: So I remain a little bit confused as to why

799
00:36:29,160 --> 00:36:30,719
Speaker 2: you guys said no in the first place. Is it

800
00:36:30,800 --> 00:36:33,000
Speaker 2: because you thought that it would take them a few

801
00:36:33,000 --> 00:36:34,640
Speaker 2: weeks in like it would take them the full seven

802
00:36:34,640 --> 00:36:36,799
Speaker 2: weeks anyway to get into the system, so you may

803
00:36:36,800 --> 00:36:37,799
Speaker 2: as well not started early.

804
00:36:39,560 --> 00:36:41,120
Speaker 12: Look, look, that's a component of it.

805
00:36:41,600 --> 00:36:44,879
Speaker 22: I think that the focus was, you know, making sure

806
00:36:44,960 --> 00:36:47,040
Speaker 22: that this is not about one drug, this is about

807
00:36:47,120 --> 00:36:50,520
Speaker 22: multiple drugs, and it's about equity, making sure that all

808
00:36:50,560 --> 00:36:52,920
Speaker 22: our patients get the same level of access to care.

809
00:36:54,480 --> 00:36:57,080
Speaker 22: In my day, job, so to speak, on my other

810
00:36:57,160 --> 00:36:59,560
Speaker 22: day job on a clinical culture, so I look after

811
00:36:59,640 --> 00:37:02,120
Speaker 22: patients with lung cancer, brain tumor, So I use these

812
00:37:02,160 --> 00:37:06,960
Speaker 22: drugs regularly, and so have these conversations with patients and

813
00:37:07,000 --> 00:37:07,799
Speaker 22: families all the time.

814
00:37:08,280 --> 00:37:10,400
Speaker 2: When you say equity, are you telling me that in

815
00:37:10,560 --> 00:37:13,400
Speaker 2: order to not in order for everybody to start at

816
00:37:13,440 --> 00:37:15,600
Speaker 2: the same time, you didn't want to give some people

817
00:37:15,640 --> 00:37:18,040
Speaker 2: a little bit of an early start because it's more

818
00:37:18,160 --> 00:37:20,080
Speaker 2: men to let everybody start at the same time.

819
00:37:20,960 --> 00:37:22,719
Speaker 12: No, no, no, no, that's not what I'm mean at all.

820
00:37:23,239 --> 00:37:24,279
Speaker 12: So I guess that.

821
00:37:25,800 --> 00:37:28,399
Speaker 22: So, if a patient can get access to a drug,

822
00:37:28,480 --> 00:37:30,320
Speaker 22: you want to make sure that they get the access

823
00:37:30,719 --> 00:37:33,239
Speaker 22: based on the clinical need and based on going into

824
00:37:33,280 --> 00:37:35,440
Speaker 22: a system, so that they don't jump ahead, for instance,

825
00:37:35,480 --> 00:37:38,280
Speaker 22: of another patient who's been waiting for a different drug

826
00:37:39,800 --> 00:37:41,640
Speaker 22: or a different treatment. And so you want to make

827
00:37:41,640 --> 00:37:44,600
Speaker 22: sure that everyone gets sex so clinical access to stay.

828
00:37:44,640 --> 00:37:46,759
Speaker 2: Allowing these twenty to thirty and who have obviously been

829
00:37:46,800 --> 00:37:48,720
Speaker 2: selected by the drug company, are they going to displace

830
00:37:48,760 --> 00:37:49,200
Speaker 2: other people?

831
00:37:50,440 --> 00:37:52,960
Speaker 22: Well, we're going to ensure they don't. So we're going

832
00:37:53,000 --> 00:37:54,680
Speaker 22: to ensure which is part of the planning we have

833
00:37:54,760 --> 00:37:57,239
Speaker 22: to do. Hey to make sure that they come in

834
00:37:57,520 --> 00:38:00,680
Speaker 22: at the appropriate space for the time of cancer they

835
00:38:00,800 --> 00:38:02,200
Speaker 22: have and the clinical need.

836
00:38:02,480 --> 00:38:03,879
Speaker 2: You could do all the stuff. Why do you guys

837
00:38:03,880 --> 00:38:05,040
Speaker 2: say no in the first place.

838
00:38:06,280 --> 00:38:10,120
Speaker 22: Yeah, look, Heather, as I say, and it's always retrospectively

839
00:38:10,200 --> 00:38:11,759
Speaker 22: to look back and gosh, you know, we could have

840
00:38:11,760 --> 00:38:15,880
Speaker 22: made a different decision four days ago. I guess we

841
00:38:16,000 --> 00:38:18,640
Speaker 22: made the decision at the time based on you know,

842
00:38:19,040 --> 00:38:21,360
Speaker 22: the few weeks it is to get the system working,

843
00:38:21,440 --> 00:38:24,200
Speaker 22: to make sure it works early for all. But as

844
00:38:24,200 --> 00:38:28,600
Speaker 22: I say, we're very happy and supportive to make this

845
00:38:28,760 --> 00:38:31,600
Speaker 22: work for the small number of patients you say, who

846
00:38:31,760 --> 00:38:33,360
Speaker 22: should be able to get access to their treatment a

847
00:38:33,400 --> 00:38:34,040
Speaker 22: few weeks earlier.

848
00:38:34,160 --> 00:38:36,160
Speaker 2: All right, Richard, listen, thank you, I appreciate your time.

849
00:38:36,200 --> 00:38:39,000
Speaker 2: That's Richard Sullivan, the chief clinical officer at Health New Zealand.

850
00:38:39,320 --> 00:38:42,200
Speaker 2: Ever Dullen, it looks like share markets around the world

851
00:38:42,440 --> 00:38:44,799
Speaker 2: have stabilized after making those big losses over the last

852
00:38:44,800 --> 00:38:46,839
Speaker 2: couple of days or so. Over the last few hours,

853
00:38:46,840 --> 00:38:49,239
Speaker 2: the nick has bounced back. It's sitting almost ten percent

854
00:38:49,320 --> 00:38:52,600
Speaker 2: higher than yesterday. Currently. Australia and South Korean markets are

855
00:38:52,640 --> 00:38:55,040
Speaker 2: also up. The Ensidex had dropped early in trading since

856
00:38:55,320 --> 00:38:58,239
Speaker 2: has since climbed back. Matt Goodson is managing director at

857
00:38:58,320 --> 00:39:01,600
Speaker 2: Salt Funds Management and with US Now Afternoon. Have it

858
00:39:01,680 --> 00:39:02,800
Speaker 2: what's prompted the recovery.

859
00:39:04,480 --> 00:39:08,120
Speaker 5: Look, I think yesterday's sharp move, especially in Japan, really

860
00:39:08,160 --> 00:39:11,080
Speaker 5: felt like force selling from funds that had too much

861
00:39:11,160 --> 00:39:13,680
Speaker 5: exposure and we're just forced to do risk and so

862
00:39:13,760 --> 00:39:15,800
Speaker 5: we've just seen a bit of a natural rebound from that.

863
00:39:16,640 --> 00:39:21,000
Speaker 5: But for real, weakness in Japan started a few days

864
00:39:21,040 --> 00:39:24,200
Speaker 5: ago when their central bank finally hiked after years of

865
00:39:24,320 --> 00:39:27,680
Speaker 5: zero rates, moving up to a quarter of a point

866
00:39:27,760 --> 00:39:31,280
Speaker 5: cash rate and making some pretty hawkish comments about the future,

867
00:39:32,000 --> 00:39:35,640
Speaker 5: and that of a Japanese market had been pretty strong

868
00:39:35,719 --> 00:39:37,840
Speaker 5: all year of a yen have been really weak and

869
00:39:37,960 --> 00:39:41,600
Speaker 5: that just turned everything around. So market fell hard and

870
00:39:41,680 --> 00:39:43,080
Speaker 5: the yen rarely strengthened.

871
00:39:43,440 --> 00:39:45,280
Speaker 2: Do you think this is the end of the geses

872
00:39:45,400 --> 00:39:47,040
Speaker 2: or do we potentially have more to come.

873
00:39:48,400 --> 00:39:50,600
Speaker 5: Look, there's several different things going on at the moment,

874
00:39:50,680 --> 00:39:52,839
Speaker 5: so I think it's too early to say it's the end.

875
00:39:54,040 --> 00:39:57,880
Speaker 5: The biggest impact from Japan is actually the implications for

876
00:39:57,960 --> 00:40:03,799
Speaker 5: global markets. It's been a multi trillion dollar trade going

877
00:40:03,880 --> 00:40:06,640
Speaker 5: on for years, known as the carry trade. Where people

878
00:40:06,719 --> 00:40:09,840
Speaker 5: have borrowed at zero in Japan, give that up a

879
00:40:09,880 --> 00:40:13,040
Speaker 5: few times and invested in much higher yielding assets overseas.

880
00:40:13,160 --> 00:40:16,320
Speaker 5: I think American banks, Australian banks, those sorts of things.

881
00:40:17,000 --> 00:40:18,480
Speaker 5: Now all of a sudden they have to pay a

882
00:40:18,560 --> 00:40:21,600
Speaker 5: bit more to borrow that money, and more importantly, they

883
00:40:21,680 --> 00:40:23,640
Speaker 5: have to pay it back and much more expensive yen.

884
00:40:24,239 --> 00:40:26,000
Speaker 5: So all of a sudden, a lot of those carry

885
00:40:26,040 --> 00:40:29,759
Speaker 5: trades have been unwound. And that's why we saw well

886
00:40:29,800 --> 00:40:32,080
Speaker 5: one of the reasons why we saw US and Australian

887
00:40:32,120 --> 00:40:34,040
Speaker 5: market's been really hard hurt yesterday.

888
00:40:34,200 --> 00:40:35,520
Speaker 2: Matt, it's very good to talk to you. Thank you

889
00:40:35,560 --> 00:40:37,720
Speaker 2: so much for that, Matt Goods and Salt Funds Management

890
00:40:37,840 --> 00:40:39,080
Speaker 2: Managing Director.

891
00:40:39,080 --> 00:40:41,800
Speaker 3: Heather do for see Allen, how exciting.

892
00:40:41,400 --> 00:40:43,239
Speaker 2: Are the dropping interest rates? I've got more of them

893
00:40:43,280 --> 00:40:46,319
Speaker 2: for you. I know, like, can this good news never end?

894
00:40:46,360 --> 00:40:49,440
Speaker 2: Hopefully not three banks? Look it's bad. I feel like

895
00:40:49,480 --> 00:40:52,719
Speaker 2: I feel obliged to just, you know, do it. A

896
00:40:52,760 --> 00:40:55,000
Speaker 2: little hat tip to the people who are obviously relying

897
00:40:55,040 --> 00:40:57,440
Speaker 2: on the deposits, and that's not awesome because those rates

898
00:40:57,440 --> 00:40:59,680
Speaker 2: are coming down, but many, many more of us are

899
00:40:59,719 --> 00:41:02,719
Speaker 2: relying are paying the mortgage rates. So talk about that

900
00:41:03,080 --> 00:41:05,680
Speaker 2: three of the banks have dropped today. BNZ Kwibank asb

901
00:41:06,120 --> 00:41:09,000
Speaker 2: Kiwibanks dropped a number of its home loan rates by

902
00:41:09,040 --> 00:41:12,840
Speaker 2: thirty basis points. It's significant Asb's lowered a bunch, including

903
00:41:12,880 --> 00:41:15,719
Speaker 2: the eighteen month rate down by twenty basis points. And

904
00:41:15,920 --> 00:41:17,719
Speaker 2: also the three and four year terms have dropped by

905
00:41:17,760 --> 00:41:20,399
Speaker 2: thirty six and thirty points. They are now sitting under

906
00:41:20,400 --> 00:41:22,680
Speaker 2: six percent five point nine nine would be like, I

907
00:41:22,719 --> 00:41:25,319
Speaker 2: feel like you need like a party noise right now. Also,

908
00:41:25,440 --> 00:41:28,720
Speaker 2: BNZ has dropped its three four five year terms forty

909
00:41:28,840 --> 00:41:31,919
Speaker 2: basis points. Won't be the end of this quarter past

910
00:41:32,000 --> 00:41:34,840
Speaker 2: five Hey, so why are so many New Zealand businesses

911
00:41:34,920 --> 00:41:37,799
Speaker 2: choosing to switch to BYD for their fleet vehicles. It's

912
00:41:37,840 --> 00:41:39,440
Speaker 2: not only about the dollars. And when I say that,

913
00:41:39,520 --> 00:41:41,719
Speaker 2: I mean the dollars that businesses are now not needing

914
00:41:41,760 --> 00:41:44,760
Speaker 2: to spend on fuel and maintenance costs, hugely impressive savings

915
00:41:44,800 --> 00:41:47,640
Speaker 2: there by the way, It's not just about BYD's award

916
00:41:47,680 --> 00:41:51,359
Speaker 2: winning hyper efficient battery electric and super hybrids, or its

917
00:41:51,400 --> 00:41:54,759
Speaker 2: blade battery technology, or its safety and reliability. Yes, by

918
00:41:54,800 --> 00:41:57,960
Speaker 2: the way, BYD is the world's largest and greenness, new

919
00:41:58,120 --> 00:42:00,880
Speaker 2: energy vehicle manufacturer with the commitment to a missions reduction

920
00:42:00,960 --> 00:42:03,759
Speaker 2: and sustainability. At the end of the day, what it's

921
00:42:03,800 --> 00:42:07,440
Speaker 2: really about is common sense because BYD have a growing

922
00:42:07,520 --> 00:42:10,960
Speaker 2: reputation in New Zealand because their dedicated fleet management team

923
00:42:11,040 --> 00:42:13,359
Speaker 2: have the know how of what makes sense for Kiwi

924
00:42:13,480 --> 00:42:15,640
Speaker 2: businesses and their drivers and all of that comes with

925
00:42:15,719 --> 00:42:18,640
Speaker 2: a can do attitude as well. So is your business

926
00:42:18,680 --> 00:42:21,200
Speaker 2: looking to make the switch? If you are simple, really

927
00:42:21,280 --> 00:42:23,440
Speaker 2: talk to the fleet team at BYD today. Check them

928
00:42:23,480 --> 00:42:26,040
Speaker 2: out at BYD Auto dot co dot in z. That's

929
00:42:26,080 --> 00:42:27,640
Speaker 2: BYD Auto dot co.

930
00:42:27,960 --> 00:42:30,520
Speaker 3: Dot zgather do for sell.

931
00:42:30,560 --> 00:42:32,399
Speaker 2: I'm going to get to your feedback shortly on howth

932
00:42:32,440 --> 00:42:34,839
Speaker 2: New Zealand blocking the care Truder thing. Right now though,

933
00:42:34,840 --> 00:42:37,160
Speaker 2: it's nineteen past five and I've got a great idea

934
00:42:37,200 --> 00:42:39,279
Speaker 2: for Wellington. Didn't come from me. Came from business owners

935
00:42:39,320 --> 00:42:42,240
Speaker 2: in Courtney Place. They are proposing a New Year's Street

936
00:42:42,320 --> 00:42:44,759
Speaker 2: festival to help lift the area's image. So what they

937
00:42:44,800 --> 00:42:46,800
Speaker 2: pitched is the idea of shutting down the street for

938
00:42:46,880 --> 00:42:49,440
Speaker 2: an outdoor party with food and drink and entertainment. And

939
00:42:49,520 --> 00:42:52,120
Speaker 2: now all they need is a green light from the council.

940
00:42:52,200 --> 00:42:54,560
Speaker 2: Courtney Place business owner Greg Wilson is part of the

941
00:42:54,560 --> 00:42:56,479
Speaker 2: group pitching this idea and he's with me. Now, hey, Greg,

942
00:42:57,160 --> 00:42:59,000
Speaker 2: and I hear you're going to get this green light.

943
00:43:00,000 --> 00:43:02,320
Speaker 23: We're working on the screen light here that. Yeah, we

944
00:43:02,680 --> 00:43:04,319
Speaker 23: had a bit of a positive meeting you today. Well,

945
00:43:04,400 --> 00:43:07,440
Speaker 23: the servant to the city Council trying to get this

946
00:43:07,520 --> 00:43:09,200
Speaker 23: across the line. We're a little bit tight on time

947
00:43:09,280 --> 00:43:11,280
Speaker 23: frames because it's got to go to the regulatory committee

948
00:43:11,320 --> 00:43:13,759
Speaker 23: for approval, but we're putting a bit of pressure on

949
00:43:13,840 --> 00:43:15,759
Speaker 23: them and hoping that we can get this across the line.

950
00:43:16,400 --> 00:43:17,920
Speaker 2: Can't be that hard. I mean, this has been done

951
00:43:17,920 --> 00:43:19,160
Speaker 2: a few times before, hasn't it.

952
00:43:19,800 --> 00:43:21,960
Speaker 23: That's the thiring right, that's I mean, this is this

953
00:43:22,120 --> 00:43:24,400
Speaker 23: is not something you we'll post us right off before

954
00:43:24,520 --> 00:43:27,000
Speaker 23: to traffic and open and you know it's a model

955
00:43:27,000 --> 00:43:29,640
Speaker 23: that's worked really well on the pass with the Seven's

956
00:43:29,760 --> 00:43:32,279
Speaker 23: parties and all the rings PREMI last time it was

957
00:43:32,280 --> 00:43:35,160
Speaker 23: about thirteen years ago, was it.

958
00:43:35,200 --> 00:43:37,080
Speaker 2: Not more recently? Didn't we do it for the Rugby

959
00:43:37,120 --> 00:43:37,600
Speaker 2: World Cup?

960
00:43:38,320 --> 00:43:38,480
Speaker 17: Oh?

961
00:43:38,840 --> 00:43:41,000
Speaker 23: We will couple of lines tour perhaps yea.

962
00:43:41,200 --> 00:43:44,960
Speaker 2: The lines plus anyway, your council, Your council loves to

963
00:43:45,000 --> 00:43:47,080
Speaker 2: shut down streets to cars, so they'll be into this.

964
00:43:47,840 --> 00:43:49,759
Speaker 23: Oh, they've got at red take down here. They're very

965
00:43:49,800 --> 00:43:51,319
Speaker 23: good at red tape, and we're just trying to boot

966
00:43:51,320 --> 00:43:53,560
Speaker 23: battling away through that. You've got thirty five business owners

967
00:43:53,600 --> 00:43:56,799
Speaker 23: that have all come together because forty places. It's it's

968
00:43:56,840 --> 00:43:58,120
Speaker 23: having a bit of a tough time at the moment.

969
00:43:58,160 --> 00:44:00,200
Speaker 23: All the businesses are down. There are thirty forty sent

970
00:44:00,320 --> 00:44:03,279
Speaker 23: down a revenue that's a huge bit of revenue. And

971
00:44:03,400 --> 00:44:06,680
Speaker 23: so we're trying to bring new vibrancy back to the area.

972
00:44:07,200 --> 00:44:09,120
Speaker 23: And how can the council say no when you've got

973
00:44:09,160 --> 00:44:12,120
Speaker 23: thirty five business owners, most of all the butt our owners,

974
00:44:12,120 --> 00:44:14,680
Speaker 23: all the restaurant owners, all on board with this project.

975
00:44:14,719 --> 00:44:16,720
Speaker 23: You know, to close this stick down, put three stages

976
00:44:16,760 --> 00:44:19,680
Speaker 23: down the street. We want to have outdoor parades and

977
00:44:20,000 --> 00:44:23,920
Speaker 23: circus performances, performances, live music. That would be awesome.

978
00:44:24,120 --> 00:44:25,839
Speaker 2: Use it sounds cool. Hey, Greg, by the way, haven't

979
00:44:25,880 --> 00:44:27,600
Speaker 2: you got Welly on a plate on the at the moment?

980
00:44:27,680 --> 00:44:28,160
Speaker 2: At the moment?

981
00:44:28,320 --> 00:44:32,600
Speaker 23: Yes, have I really good actually great great book works.

982
00:44:32,760 --> 00:44:35,000
Speaker 23: So it's getting people out, getting people out into the

983
00:44:35,040 --> 00:44:37,279
Speaker 23: bars and restaurants that really need the revenue. Right now,

984
00:44:37,680 --> 00:44:41,120
Speaker 23: and we're actually spoiled for boys and we had it's

985
00:44:41,120 --> 00:44:42,520
Speaker 23: going to be burgers for tea for me every night

986
00:44:42,600 --> 00:44:44,520
Speaker 23: this week and we're going to have another one at

987
00:44:44,560 --> 00:44:47,040
Speaker 23: one of my pubs, Eva Eva Pub on Dixon Street.

988
00:44:47,560 --> 00:44:49,880
Speaker 23: But they are really good and we're just spoiled for

989
00:44:49,920 --> 00:44:51,960
Speaker 23: the hospitality here as well. So we really are and

990
00:44:52,760 --> 00:44:54,440
Speaker 23: we want to celebrate it when you're the council to

991
00:44:54,520 --> 00:44:56,880
Speaker 23: celebrate it. And that's all around. We're having put some

992
00:44:56,920 --> 00:44:57,720
Speaker 23: pressure on the council.

993
00:44:58,120 --> 00:45:00,960
Speaker 2: Cross good stuff made good guys are grabbing this bull

994
00:45:01,000 --> 00:45:02,520
Speaker 2: by its horns. Good on you, hopefully you get that

995
00:45:02,560 --> 00:45:04,560
Speaker 2: green light. That's Greg Wilson, member of the Courtney Place

996
00:45:04,640 --> 00:45:07,839
Speaker 2: Precinct Group and owner of businesses. There some more good news.

997
00:45:08,160 --> 00:45:10,840
Speaker 2: There's just show of good news for you today. Smith

998
00:45:10,840 --> 00:45:13,080
Speaker 2: and Coey's has been saved. They're going to shut down

999
00:45:13,120 --> 00:45:14,880
Speaker 2: New Market but they're going to keep the Queen Street

1000
00:45:14,960 --> 00:45:17,120
Speaker 2: store open, which I'm surprised by because I would shut

1001
00:45:17,120 --> 00:45:18,960
Speaker 2: down Queen Street because it's a hell hole. But anyway,

1002
00:45:19,280 --> 00:45:21,560
Speaker 2: I'm not the chair of the business. Tony coe Is

1003
00:45:21,600 --> 00:45:23,120
Speaker 2: he knows what he's doing. He's going to be a

1004
00:45:23,239 --> 00:45:24,799
Speaker 2: us and fifteen minutes five twenty two.

1005
00:45:25,840 --> 00:45:29,160
Speaker 1: Digging deeper into the day's headlines, it's hither duper c

1006
00:45:29,280 --> 00:45:32,759
Speaker 1: Allen drive with one New Zealand let's get connected and

1007
00:45:32,840 --> 00:45:33,400
Speaker 1: news dogs.

1008
00:45:33,400 --> 00:45:35,640
Speaker 2: That'd be five twenty four listen. One of the big

1009
00:45:35,680 --> 00:45:38,000
Speaker 2: announcements from last week that I don't think got enough

1010
00:45:38,000 --> 00:45:39,880
Speaker 2: attention was he in New Zealand announcing it was going

1011
00:45:39,920 --> 00:45:42,919
Speaker 2: to drop its twenty thirty climate target. Now, I imagine

1012
00:45:43,680 --> 00:45:45,680
Speaker 2: there are quite a few greenies and do gooders who

1013
00:45:45,680 --> 00:45:47,560
Speaker 2: are going to be very, very crossty in New Zealand

1014
00:45:47,560 --> 00:45:49,640
Speaker 2: about this. I'm not crossdy in New Zealand about this.

1015
00:45:49,760 --> 00:45:52,359
Speaker 2: I applaud them for this. They are the first big

1016
00:45:52,520 --> 00:45:55,320
Speaker 2: carrier in the world from what I can see, to

1017
00:45:55,400 --> 00:45:57,320
Speaker 2: actually drop the climate target, and good on them for

1018
00:45:57,400 --> 00:45:59,800
Speaker 2: being honest. That's why I'm not cross because I just

1019
00:45:59,880 --> 00:46:01,480
Speaker 2: like the honesty of it. And I wonder how many

1020
00:46:01,520 --> 00:46:04,200
Speaker 2: other airlines know full well they're not going to achieve

1021
00:46:04,239 --> 00:46:06,080
Speaker 2: their targets, but they just don't have the guts to

1022
00:46:06,120 --> 00:46:08,360
Speaker 2: say it out loud and frankly, I think this is

1023
00:46:08,480 --> 00:46:11,239
Speaker 2: just the start of some big reality checks that are

1024
00:46:11,320 --> 00:46:14,760
Speaker 2: coming our way on the climate. For example, New Zealand's

1025
00:46:14,800 --> 00:46:16,719
Speaker 2: not going to meet its targets, like the country is

1026
00:46:16,760 --> 00:46:18,359
Speaker 2: not going to meet its targets. There's no way we're

1027
00:46:18,360 --> 00:46:20,640
Speaker 2: going to meet our twenty thirty targets. I think the

1028
00:46:20,680 --> 00:46:22,920
Speaker 2: government's come very close to admitting this, but we've still

1029
00:46:22,960 --> 00:46:24,920
Speaker 2: got that target, which if we know we're not going

1030
00:46:25,000 --> 00:46:28,200
Speaker 2: to do it, holding onto the thing is completely dishonest.

1031
00:46:28,640 --> 00:46:31,239
Speaker 2: And if we don't meet our target, we will face

1032
00:46:31,320 --> 00:46:35,840
Speaker 2: a bill of get this, twenty four billion dollars in

1033
00:46:35,960 --> 00:46:39,800
Speaker 2: six years time as what basically amounts to a penalty

1034
00:46:40,080 --> 00:46:42,600
Speaker 2: for not meeting the target. Now, what's the bet that

1035
00:46:42,960 --> 00:46:44,640
Speaker 2: when it comes to twenty thirty and we're faced with

1036
00:46:44,680 --> 00:46:46,399
Speaker 2: a bill of twenty four billion dollars, we just dropped

1037
00:46:46,400 --> 00:46:48,120
Speaker 2: the target and say now it was too ambitious, too hard,

1038
00:46:48,160 --> 00:46:49,800
Speaker 2: and we walk away from it. What's a bet that

1039
00:46:49,840 --> 00:46:51,840
Speaker 2: that's what we do. If there is something to be

1040
00:46:51,960 --> 00:46:55,120
Speaker 2: grumpy about here, it's the lie that we're being told

1041
00:46:55,200 --> 00:46:56,880
Speaker 2: now and we have been told in the past in

1042
00:46:56,960 --> 00:46:58,880
Speaker 2: New Zealand should never have signed up to a target

1043
00:46:58,920 --> 00:47:02,720
Speaker 2: of reducing emissions bye, that was never achievable. The aviation

1044
00:47:02,880 --> 00:47:05,520
Speaker 2: industry was only aiming for five percent. It was ridiculous.

1045
00:47:05,719 --> 00:47:06,880
Speaker 2: And if you know you can't do it.

1046
00:47:07,000 --> 00:47:07,400
Speaker 7: What is that?

1047
00:47:07,600 --> 00:47:10,960
Speaker 2: It's greenwashing and various other industries have done exactly the

1048
00:47:11,000 --> 00:47:13,320
Speaker 2: same thing. Signed up for targets they know they can't achieve,

1049
00:47:13,480 --> 00:47:15,120
Speaker 2: and the country signed up for a target it knows

1050
00:47:15,120 --> 00:47:17,400
Speaker 2: it can't. A chief, there's no point and having these

1051
00:47:17,480 --> 00:47:19,560
Speaker 2: targets if you're not going to be able to meet them.

1052
00:47:19,760 --> 00:47:22,440
Speaker 2: So all you're doing then is virtue signaling and greenwashing.

1053
00:47:22,640 --> 00:47:25,080
Speaker 2: And I find that very hard to respect because it's

1054
00:47:25,080 --> 00:47:27,120
Speaker 2: a lie. So good on Near New Zealand for just

1055
00:47:27,200 --> 00:47:29,360
Speaker 2: manning up and being honest about it. I respect that,

1056
00:47:29,480 --> 00:47:32,279
Speaker 2: and frankly I'm braced for a whole lot more of

1057
00:47:32,360 --> 00:47:33,399
Speaker 2: this in the next few years.

1058
00:47:33,880 --> 00:47:36,000
Speaker 3: Heather, do for see Allen the guy from.

1059
00:47:35,880 --> 00:47:38,160
Speaker 2: Health New Zealand. Heather did not answer your first question

1060
00:47:38,239 --> 00:47:40,479
Speaker 2: as to why they changed their minds. Typical pr person

1061
00:47:40,600 --> 00:47:42,960
Speaker 2: that's from Baz. Hither the cancer drug? Isn't it amazing?

1062
00:47:43,440 --> 00:47:45,560
Speaker 2: Just answer the bloody question. Don't know about you, Heather,

1063
00:47:45,600 --> 00:47:48,320
Speaker 2: but the sky leaves me totally confused. Hither there we go.

1064
00:47:48,440 --> 00:47:50,480
Speaker 2: The equity word. The problem was who was going to

1065
00:47:50,520 --> 00:47:52,080
Speaker 2: get the drugs? And we know the answer to that. Well,

1066
00:47:52,160 --> 00:47:53,520
Speaker 2: the thing is who was going to get the drugs,

1067
00:47:53,560 --> 00:47:55,480
Speaker 2: probably not the people Health New Zealand wanted to get

1068
00:47:55,480 --> 00:47:58,120
Speaker 2: the drugs right. I don't get this equity thing. Equity

1069
00:47:58,640 --> 00:48:00,560
Speaker 2: if you basically say to every body you have to

1070
00:48:00,600 --> 00:48:04,359
Speaker 2: wait seven weeks, let everybody increase their chances of dying

1071
00:48:04,440 --> 00:48:06,399
Speaker 2: by seven weeks, because that's cool and much more fair.

1072
00:48:06,960 --> 00:48:08,960
Speaker 2: I just think that that's ridiculous. If some people can

1073
00:48:09,000 --> 00:48:10,719
Speaker 2: get saved a little early, let them get saved.

1074
00:48:11,120 --> 00:48:11,279
Speaker 11: Here.

1075
00:48:11,320 --> 00:48:14,239
Speaker 2: The Richard who we spoke to not actually a pr person.

1076
00:48:14,280 --> 00:48:16,880
Speaker 2: He's an oncologist. He was one of the fantastic specialists

1077
00:48:16,920 --> 00:48:19,080
Speaker 2: that saved my brother's life. He is top shelf. So

1078
00:48:19,200 --> 00:48:23,239
Speaker 2: there you go. Health New Zealand just sucks. I mean,

1079
00:48:23,280 --> 00:48:25,000
Speaker 2: can we just be honest about this. They just make

1080
00:48:25,120 --> 00:48:27,799
Speaker 2: stupid decisions all the time, and then they send top

1081
00:48:27,880 --> 00:48:31,040
Speaker 2: people like Richard out to pedle their nonsense and toe

1082
00:48:31,080 --> 00:48:32,600
Speaker 2: the line. I just feel sorry for people who have

1083
00:48:32,680 --> 00:48:34,879
Speaker 2: to talk on their behalf. Anyway, let's have a chat

1084
00:48:34,920 --> 00:48:37,200
Speaker 2: to Tony Koe or Smith and Coey's next used dog Zibbe.

1085
00:48:40,239 --> 00:48:44,359
Speaker 1: After years of preparation for our quiy athletes, he's finally here.

1086
00:48:44,560 --> 00:48:46,040
Speaker 3: Harris twenty twenty four.

1087
00:48:46,360 --> 00:48:48,720
Speaker 1: Used dog zb is your home for the Olympic Games

1088
00:48:48,760 --> 00:48:53,160
Speaker 1: and brings you comprehensive coverage, the ind of your seat moments,

1089
00:48:54,200 --> 00:48:59,839
Speaker 1: the analysis and reaction and every key gold life cover.

1090
00:49:00,080 --> 00:49:03,200
Speaker 1: It's throughout the games right here on your Home of Sport,

1091
00:49:03,400 --> 00:49:06,920
Speaker 1: official radio broadcast partner of the Olympic Games, Paris twenty

1092
00:49:07,000 --> 00:49:12,160
Speaker 1: twenty four. News Talk ZBB, the day's newsmakers. Talk to

1093
00:49:12,280 --> 00:49:16,560
Speaker 1: Heather First, Heather Duperice, allan drive with One New Zealand.

1094
00:49:16,719 --> 00:49:18,960
Speaker 1: Let's get connected News Talk z B.

1095
00:49:20,200 --> 00:49:21,160
Speaker 3: There's a lot.

1096
00:49:24,320 --> 00:49:27,200
Speaker 2: We can take. We're going to deal with this problem

1097
00:49:27,239 --> 00:49:31,480
Speaker 2: with the electricity prices and threatening our industrial sector and manufacturing.

1098
00:49:31,520 --> 00:49:33,400
Speaker 2: After six o'clock with Shane Jones. He's the guy if

1099
00:49:33,400 --> 00:49:34,960
Speaker 2: anybody's going to fix it, he's the guy who has

1100
00:49:35,000 --> 00:49:37,040
Speaker 2: to fix it because he's the regional Development minister to

1101
00:49:37,120 --> 00:49:40,759
Speaker 2: stand by for that. The huddle is with us very shortly, Heather,

1102
00:49:40,920 --> 00:49:43,320
Speaker 2: Are you still allowed to say manning up these days?

1103
00:49:44,080 --> 00:49:47,040
Speaker 2: Probably not, so I'm going to say it regularly. Heather

1104
00:49:47,400 --> 00:49:50,919
Speaker 2: just declared a climate emergency, I know, And to my point,

1105
00:49:51,000 --> 00:49:53,600
Speaker 2: what did she do then jumped on a plane to Boston.

1106
00:49:53,760 --> 00:49:57,399
Speaker 2: So the ones calling the climate emergency is the ones

1107
00:49:57,400 --> 00:49:59,120
Speaker 2: you got to keep a real close eye on twenty

1108
00:49:59,120 --> 00:50:02,400
Speaker 2: four away from six, Heather Duper see Ellen Smith and

1109
00:50:02,480 --> 00:50:04,560
Speaker 2: Coe's How good is this? One of New Zealand's oldest

1110
00:50:04,560 --> 00:50:07,600
Speaker 2: department stores has been partially saved. The company has decided

1111
00:50:07,600 --> 00:50:10,120
Speaker 2: to keep a downsized Queen Street store and then operate

1112
00:50:10,200 --> 00:50:12,759
Speaker 2: online rather than shutting down completely. Now what this means

1113
00:50:12,840 --> 00:50:14,880
Speaker 2: is about half the staff will keep their jobs, but

1114
00:50:14,960 --> 00:50:17,160
Speaker 2: the other one hundred will face redundancy by the end

1115
00:50:17,160 --> 00:50:21,040
Speaker 2: of the year. Tony Coe is Smith and Coey's chairman. Hey, Tony, Hi,

1116
00:50:21,200 --> 00:50:24,000
Speaker 2: Heather Tony. Now, I'm personally thrilled to see an institution,

1117
00:50:24,160 --> 00:50:27,760
Speaker 2: and this particularly this institution saved. But are you sure

1118
00:50:27,920 --> 00:50:29,920
Speaker 2: that there is a future for department stores in this

1119
00:50:30,000 --> 00:50:30,880
Speaker 2: country in the future.

1120
00:50:32,200 --> 00:50:34,200
Speaker 24: Well, we've looked very hard at this, and we've looked

1121
00:50:34,239 --> 00:50:36,640
Speaker 24: at our position and us we have to face reality

1122
00:50:36,760 --> 00:50:39,680
Speaker 24: that fewer people are going into the city to shop

1123
00:50:39,960 --> 00:50:44,040
Speaker 24: and we need to adapt accordingly. And we've sort of

1124
00:50:44,120 --> 00:50:46,200
Speaker 24: been round around and come up with us and we're

1125
00:50:46,239 --> 00:50:47,240
Speaker 24: pleased that we've been able.

1126
00:50:47,120 --> 00:50:47,400
Speaker 12: To do that.

1127
00:50:47,680 --> 00:50:50,399
Speaker 2: Okay, so why are you closing the new Market store?

1128
00:50:50,520 --> 00:50:52,759
Speaker 2: New Market is a place that's bustling, But then you're

1129
00:50:52,800 --> 00:50:55,200
Speaker 2: keeping open the Queen Street store when Queen Street is

1130
00:50:55,280 --> 00:50:55,760
Speaker 2: just awful.

1131
00:50:57,239 --> 00:50:59,840
Speaker 24: Yeah, well, we've looked at that of our Queen Streets

1132
00:51:00,360 --> 00:51:04,520
Speaker 24: new market sales had gone down a lot, and we

1133
00:51:04,680 --> 00:51:07,200
Speaker 24: just felt that we needed to have the one store

1134
00:51:07,560 --> 00:51:10,239
Speaker 24: on a limited operation and that was what was going

1135
00:51:10,320 --> 00:51:11,640
Speaker 24: to work when we ran all the numbers.

1136
00:51:12,200 --> 00:51:15,880
Speaker 2: Do you foresee Queen Street at some stage going back

1137
00:51:15,920 --> 00:51:16,840
Speaker 2: to its former glory.

1138
00:51:18,200 --> 00:51:20,320
Speaker 24: I don't think it'll go back to its former glory.

1139
00:51:20,360 --> 00:51:23,200
Speaker 24: I think it'll change. So it's going to be redeveloped

1140
00:51:23,200 --> 00:51:25,520
Speaker 24: in a whole lot of ways. When the train station opens,

1141
00:51:25,560 --> 00:51:27,319
Speaker 24: that's going to pour a lot of people out of there.

1142
00:51:27,719 --> 00:51:30,080
Speaker 24: We've got the Symphony Center going up across the road

1143
00:51:30,160 --> 00:51:33,840
Speaker 24: from US, new hotels going into Queen Street. There'll be

1144
00:51:33,960 --> 00:51:38,120
Speaker 24: different ways of doing things, and I think it will evolve.

1145
00:51:38,239 --> 00:51:40,520
Speaker 24: We won't see the old days like it was, but

1146
00:51:40,640 --> 00:51:43,200
Speaker 24: we'll see a new, different sort of Queen Street.

1147
00:51:43,520 --> 00:51:46,680
Speaker 2: When do you see the economy turning around, particularly for retail.

1148
00:51:48,239 --> 00:51:50,160
Speaker 24: Well, one hopes that when in the strates start to

1149
00:51:50,200 --> 00:51:53,719
Speaker 24: come off, that there'll be more consumer confidence around because

1150
00:51:53,760 --> 00:51:58,320
Speaker 24: it's been pretty rough, I can tell you, and you know,

1151
00:51:58,520 --> 00:52:01,560
Speaker 24: I think it will get better. But that's it's not

1152
00:52:01,680 --> 00:52:02,440
Speaker 24: going to be overnight.

1153
00:52:02,600 --> 00:52:04,279
Speaker 2: When are you picking the ocr cup? You're going for

1154
00:52:04,360 --> 00:52:08,160
Speaker 2: October bins here.

1155
00:52:09,880 --> 00:52:11,960
Speaker 24: I'll be guided by the experts. I used to sit

1156
00:52:12,000 --> 00:52:14,840
Speaker 24: on the Monetary Policy Committee, so I have a little understanding.

1157
00:52:14,440 --> 00:52:17,000
Speaker 2: Of how did you Tony walk? Go on, then tell

1158
00:52:17,080 --> 00:52:19,480
Speaker 2: us what you think. You're basically an expert.

1159
00:52:20,480 --> 00:52:21,920
Speaker 24: No, no, I'll leave it to the experts.

1160
00:52:22,040 --> 00:52:23,360
Speaker 2: Oh jeez, hate, what do you want to do? You

1161
00:52:23,400 --> 00:52:25,120
Speaker 2: want to weigh in on whether Adrian was actually a

1162
00:52:25,160 --> 00:52:25,800
Speaker 2: good governor or not?

1163
00:52:27,960 --> 00:52:29,080
Speaker 6: No, I don't want to weigh in on that.

1164
00:52:30,440 --> 00:52:32,279
Speaker 2: Well, listen, tell me what is it that's changed. I

1165
00:52:32,320 --> 00:52:34,280
Speaker 2: mean this must have been an option that you considered

1166
00:52:34,280 --> 00:52:35,839
Speaker 2: when you first announced that you were going to shut

1167
00:52:35,880 --> 00:52:36,880
Speaker 2: the place down. What changed?

1168
00:52:38,080 --> 00:52:39,680
Speaker 24: Yeah, well, we did look at it. We were looking

1169
00:52:39,719 --> 00:52:41,560
Speaker 24: at a range of things. I think we just looked

1170
00:52:41,560 --> 00:52:44,080
Speaker 24: a bit harder with a fresh look, to see if

1171
00:52:44,120 --> 00:52:47,719
Speaker 24: we could make it work. We already focused very hard

1172
00:52:47,800 --> 00:52:52,240
Speaker 24: on things and we were able to massage the numbers

1173
00:52:52,239 --> 00:52:55,040
Speaker 24: in a way that we felt confident that this would happen.

1174
00:52:55,480 --> 00:52:56,480
Speaker 23: We could make this work.

1175
00:52:56,800 --> 00:52:58,840
Speaker 2: Oh brilliant. Well, listen, best of luck with it. I

1176
00:52:59,080 --> 00:53:01,840
Speaker 2: really hope it succeeds. That's Tony Coe, the chairman of

1177
00:53:01,880 --> 00:53:03,880
Speaker 2: Smith and Coe's. It's coming up twenty.

1178
00:53:03,640 --> 00:53:08,040
Speaker 1: To six the Huddle with New Zealand Southby's International Realty

1179
00:53:08,400 --> 00:53:10,520
Speaker 1: exceptional marketing for every property.

1180
00:53:10,760 --> 00:53:12,359
Speaker 2: On the huddle with me this evening we have David

1181
00:53:12,400 --> 00:53:16,200
Speaker 2: farre Kiwi blogging, Curi Opolster and Toby Mannhier of the spinoff.

1182
00:53:15,840 --> 00:53:18,520
Speaker 3: Hello you too, Hello, Hello, Hello David.

1183
00:53:18,520 --> 00:53:20,279
Speaker 2: I tell you what, I'm surprised by the number of

1184
00:53:20,400 --> 00:53:23,080
Speaker 2: texts taking issue that have come into me today, taking

1185
00:53:23,160 --> 00:53:25,200
Speaker 2: issue with the Prime Minister saying this morning that some

1186
00:53:25,280 --> 00:53:27,320
Speaker 2: schools may have to defer some arts and music in

1187
00:53:27,400 --> 00:53:30,000
Speaker 2: favor of more maths teaching. Isn't it obviously the better

1188
00:53:30,040 --> 00:53:32,400
Speaker 2: balance more maths, less of the hobby stuff.

1189
00:53:33,760 --> 00:53:36,400
Speaker 7: Well, it's not quite a binary thing, which might be

1190
00:53:36,520 --> 00:53:39,000
Speaker 7: what the people are on about. But look, absolutely, you

1191
00:53:39,080 --> 00:53:42,880
Speaker 7: got six hours a day teaching your first or how

1192
00:53:42,960 --> 00:53:45,399
Speaker 7: much do we need the rigging right hand matts? Once

1193
00:53:45,520 --> 00:53:48,160
Speaker 7: you've got that under control on obviously we don't have

1194
00:53:48,239 --> 00:53:51,360
Speaker 7: that under control, then you put all the other things

1195
00:53:51,480 --> 00:53:53,560
Speaker 7: in on top of that. So I think it is

1196
00:53:53,920 --> 00:53:57,160
Speaker 7: very sensible that that so priority. But I don't think

1197
00:53:57,239 --> 00:54:01,399
Speaker 7: people should think that it's we shouldn't ever do any

1198
00:54:01,640 --> 00:54:03,480
Speaker 7: arts or crafts.

1199
00:54:04,400 --> 00:54:07,560
Speaker 2: That's not that's not what they're arguing. They're arguing that

1200
00:54:07,680 --> 00:54:11,120
Speaker 2: it's basically on par like maths is the same as music,

1201
00:54:11,200 --> 00:54:13,239
Speaker 2: because you might go on to be a band leader

1202
00:54:13,280 --> 00:54:16,320
Speaker 2: in the New Zealand Army, you might.

1203
00:54:16,320 --> 00:54:19,640
Speaker 7: But very hard to get anywhere at the unemployment benef

1204
00:54:19,680 --> 00:54:20,760
Speaker 7: that if you can't read.

1205
00:54:20,640 --> 00:54:21,319
Speaker 14: Write, or count.

1206
00:54:22,480 --> 00:54:23,799
Speaker 2: Very true, Toby, what do you reckon?

1207
00:54:25,000 --> 00:54:25,200
Speaker 11: Well?

1208
00:54:25,239 --> 00:54:27,279
Speaker 25: I think that the thing that Luson was saying this

1209
00:54:27,440 --> 00:54:31,640
Speaker 25: morning was that the curriculum revamps for you know, music

1210
00:54:31,680 --> 00:54:33,759
Speaker 25: and arts might take a back seat to maths. And

1211
00:54:33,800 --> 00:54:35,560
Speaker 25: I think it's pretty hard to argue with that when

1212
00:54:35,600 --> 00:54:38,120
Speaker 25: you look at some of those numbers that they produced

1213
00:54:38,239 --> 00:54:42,120
Speaker 25: on Sunday, I mean, it's genuinely shocking. And the other

1214
00:54:42,200 --> 00:54:43,840
Speaker 25: thing I mean, I think David is right, it's not binary.

1215
00:54:43,920 --> 00:54:46,279
Speaker 25: The two go together. The smartest people I know in

1216
00:54:46,480 --> 00:54:49,560
Speaker 25: Stem or whatever love the arts and live for the arts,

1217
00:54:49,600 --> 00:54:52,680
Speaker 25: and you know, learning about learning English, learning about the arts.

1218
00:54:52,719 --> 00:54:55,080
Speaker 25: Doing music is about opening up your imagination. You know,

1219
00:54:55,160 --> 00:54:57,560
Speaker 25: you look back to Paul Callahan, who's the sort of

1220
00:54:57,640 --> 00:55:00,840
Speaker 25: godfather of you know, stem and music England and the

1221
00:55:01,120 --> 00:55:03,480
Speaker 25: New Zealand. He was all about doing science and arts

1222
00:55:03,480 --> 00:55:04,719
Speaker 25: at the same time. So I think we can do

1223
00:55:04,800 --> 00:55:06,399
Speaker 25: that to the two hand in hand.

1224
00:55:06,640 --> 00:55:08,520
Speaker 2: But it's it's about prioritize a gay And if you

1225
00:55:08,560 --> 00:55:11,640
Speaker 2: have to prioritize, what would you prioritize Toby arts, musical maths?

1226
00:55:13,360 --> 00:55:14,040
Speaker 25: Well, I don't know.

1227
00:55:14,120 --> 00:55:14,879
Speaker 6: I mean.

1228
00:55:16,719 --> 00:55:19,279
Speaker 25: Critical, we've got to we've got to get maths right.

1229
00:55:19,480 --> 00:55:21,160
Speaker 25: We've got to get maths right. I don't think it

1230
00:55:21,200 --> 00:55:22,239
Speaker 25: has to be one of the other. We've got to

1231
00:55:22,239 --> 00:55:24,040
Speaker 25: get maths right. And I mean, I don't David, do

1232
00:55:24,080 --> 00:55:25,920
Speaker 25: you have Do you have a primary school kid? Now,

1233
00:55:25,960 --> 00:55:27,520
Speaker 25: I've got I've got I've got a kid who's just

1234
00:55:27,560 --> 00:55:28,759
Speaker 25: an intermediate.

1235
00:55:29,000 --> 00:55:29,480
Speaker 3: And one in.

1236
00:55:32,000 --> 00:55:33,359
Speaker 25: Okay, so you've got the Well, I don't know if

1237
00:55:33,360 --> 00:55:36,120
Speaker 25: it's your experience, but my experience is the difference between

1238
00:55:36,239 --> 00:55:39,320
Speaker 25: the really good maths teacher and the mediocre math teacher

1239
00:55:39,440 --> 00:55:41,480
Speaker 25: is so big. And that's why I was sort of

1240
00:55:41,520 --> 00:55:47,040
Speaker 25: shocked to hear about the lack of necessary training and

1241
00:55:47,120 --> 00:55:49,200
Speaker 25: maths for all our primary school teachers. But good ones

1242
00:55:49,239 --> 00:55:51,239
Speaker 25: are so good. There's always been that way, I think,

1243
00:55:51,680 --> 00:55:53,160
Speaker 25: but the gap just seems so vast.

1244
00:55:53,280 --> 00:55:55,120
Speaker 2: Yeah, I think it's a very good point. Hey, David,

1245
00:55:55,160 --> 00:55:57,319
Speaker 2: can you explain why on Earth Health New Zealand blocked

1246
00:55:57,360 --> 00:55:59,160
Speaker 2: early access to Key Trude or why'd they do that?

1247
00:56:00,360 --> 00:56:03,920
Speaker 7: I think it's because they're focused on what's convenient of

1248
00:56:04,040 --> 00:56:07,879
Speaker 7: them rather than thinking about the patients. Basically, it was oh, yeah,

1249
00:56:07,920 --> 00:56:10,279
Speaker 7: well that's nice, this has come through, but lok, we

1250
00:56:10,440 --> 00:56:13,920
Speaker 7: need to get this arranged and you know lot year,

1251
00:56:14,040 --> 00:56:16,279
Speaker 7: let's do a project planned and we could do it

1252
00:56:16,400 --> 00:56:16,960
Speaker 7: by this day.

1253
00:56:18,239 --> 00:56:19,120
Speaker 25: I won't say that's.

1254
00:56:19,040 --> 00:56:23,360
Speaker 7: Understandable, but that is what they did. Where what should

1255
00:56:23,440 --> 00:56:28,040
Speaker 7: be is there's people out there west cancer. This may

1256
00:56:28,120 --> 00:56:32,279
Speaker 7: help them live longer or even more than longer. How

1257
00:56:32,400 --> 00:56:35,960
Speaker 7: do we do everything possible to speed this up?

1258
00:56:36,200 --> 00:56:36,399
Speaker 5: Yeah?

1259
00:56:36,480 --> 00:56:38,759
Speaker 2: I mean that seems like the most likely explanation, doesn't it.

1260
00:56:38,840 --> 00:56:40,520
Speaker 7: Toby Absolutely?

1261
00:56:40,680 --> 00:56:44,840
Speaker 25: I think it's machine says no machines, and they didn't.

1262
00:56:45,160 --> 00:56:46,839
Speaker 25: You know, put to mind that this is a small

1263
00:56:46,840 --> 00:56:48,880
Speaker 25: group that these people have been through the emotional ringer

1264
00:56:48,920 --> 00:56:51,640
Speaker 25: and some of their families, and look at least they've

1265
00:56:51,680 --> 00:56:54,160
Speaker 25: seen the light. They came around pretty quickly, have acknowledged

1266
00:56:54,160 --> 00:56:56,480
Speaker 25: they got it wrong, and now it's been pushed through.

1267
00:56:56,560 --> 00:56:58,759
Speaker 2: So ooray, yeah, very very good news. All right, guys,

1268
00:56:58,760 --> 00:57:00,759
Speaker 2: will take a break, come back shortly seventeen away from

1269
00:57:00,800 --> 00:57:02,480
Speaker 2: six the Huddle.

1270
00:57:02,480 --> 00:57:06,920
Speaker 1: With New Zealand Southerby's International Realty Exceptional marketing for every

1271
00:57:06,960 --> 00:57:07,680
Speaker 1: property right.

1272
00:57:07,680 --> 00:57:10,040
Speaker 2: Back of the Huddle, Toby man Hire, David Farrer Toby.

1273
00:57:10,520 --> 00:57:14,400
Speaker 2: Electricity prices are now so high that Wilson Winston is

1274
00:57:14,440 --> 00:57:16,920
Speaker 2: talking about shutting down a couple of their mills, their

1275
00:57:16,920 --> 00:57:20,120
Speaker 2: pulp and timber mills. How do we fix this because

1276
00:57:20,160 --> 00:57:22,320
Speaker 2: this cannot be how we catch can't run business like

1277
00:57:22,360 --> 00:57:23,080
Speaker 2: this in this country.

1278
00:57:23,800 --> 00:57:26,120
Speaker 25: Oh I wish I knew, but yeah, it's a crazy amount.

1279
00:57:26,160 --> 00:57:29,600
Speaker 25: I was just reading what Western Curtain's saying the mayor

1280
00:57:29,640 --> 00:57:32,880
Speaker 25: of the Rupee region and it was three years ago Amega,

1281
00:57:32,880 --> 00:57:35,600
Speaker 25: what was one hundred dollars and now it's seven hundred

1282
00:57:35,640 --> 00:57:38,920
Speaker 25: dollars and that's you can't operate a business that is

1283
00:57:39,000 --> 00:57:43,480
Speaker 25: so dependent on energy to do that, I don't know,

1284
00:57:43,880 --> 00:57:45,320
Speaker 25: you know, I mean there were years in which t

1285
00:57:45,600 --> 00:57:48,440
Speaker 25: Y seemed to have the public via the government over

1286
00:57:48,520 --> 00:57:51,200
Speaker 25: a barrel. So you know, I think it's a difficult

1287
00:57:51,320 --> 00:57:55,120
Speaker 25: it's a difficult balance, but certainly I can understand that

1288
00:57:55,560 --> 00:57:57,720
Speaker 25: something needs to be done to look at a the

1289
00:57:57,800 --> 00:57:59,920
Speaker 25: supply overall and be whether or not we've got them

1290
00:58:00,040 --> 00:58:03,400
Speaker 25: model right for the distribution and the business model.

1291
00:58:03,480 --> 00:58:05,120
Speaker 2: Does it feel, David, like something we're going to be

1292
00:58:05,160 --> 00:58:06,640
Speaker 2: able to fix anytime soon?

1293
00:58:06,720 --> 00:58:08,360
Speaker 23: Does it No?

1294
00:58:08,680 --> 00:58:12,600
Speaker 26: Because pera it's structural, but para is that it's working

1295
00:58:12,680 --> 00:58:15,320
Speaker 26: as intended. The structural problem is we're to depend on

1296
00:58:15,440 --> 00:58:18,800
Speaker 26: hydro and unless we can get a lot more renewable

1297
00:58:18,880 --> 00:58:22,840
Speaker 26: consulted and fast football should do that, we're going to

1298
00:58:24,000 --> 00:58:28,040
Speaker 26: remain with this problem that spot prices shoot up when

1299
00:58:28,680 --> 00:58:31,200
Speaker 26: the dams aren't very full. Now, the good thing for

1300
00:58:31,320 --> 00:58:34,360
Speaker 26: most of us is we don't pay spot prices, so

1301
00:58:34,480 --> 00:58:37,080
Speaker 26: unless they stay high for weeks or months on end,

1302
00:58:37,560 --> 00:58:38,320
Speaker 26: we don't notice.

1303
00:58:38,400 --> 00:58:41,920
Speaker 7: But poor businesses like this one, though, do get hammered.

1304
00:58:41,960 --> 00:58:45,880
Speaker 7: And the only real solution is you probably just need

1305
00:58:46,080 --> 00:58:50,040
Speaker 7: to I've forgotten the term, but the futures market basically

1306
00:58:50,280 --> 00:58:54,240
Speaker 7: is you need to buy some set price. You probably

1307
00:58:54,280 --> 00:58:56,840
Speaker 7: have a bit more overall, but it protects you from

1308
00:58:57,560 --> 00:58:58,480
Speaker 7: what's just happened.

1309
00:58:58,680 --> 00:59:00,680
Speaker 2: Yeah, all of this stuff is going to years to fix.

1310
00:59:00,800 --> 00:59:03,240
Speaker 2: I suspect Toby, did you see the warning that Key

1311
00:59:03,280 --> 00:59:05,080
Speaker 2: we could spending too much time in front of screens

1312
00:59:05,080 --> 00:59:07,440
Speaker 2: are displaying behaviors at mimic adhd.

1313
00:59:08,320 --> 00:59:12,360
Speaker 25: Oh, my goodness, it's it's it's terrifying this stuff. And

1314
00:59:12,760 --> 00:59:15,960
Speaker 25: you know, all three of us have got kids. All

1315
00:59:16,000 --> 00:59:17,640
Speaker 25: three of us have got kids. I imagine who from

1316
00:59:17,680 --> 00:59:19,840
Speaker 25: time to time spend some time with a screen. And

1317
00:59:19,960 --> 00:59:23,640
Speaker 25: it's just I mean, it's it's one of those things

1318
00:59:23,680 --> 00:59:26,920
Speaker 25: that I oscillate between thinking, oh, we're all this is

1319
00:59:26,960 --> 00:59:30,120
Speaker 25: all moral panic stuff, and thinking in twenty years time,

1320
00:59:30,160 --> 00:59:31,480
Speaker 25: we're going to look back on it like we did

1321
00:59:31,560 --> 00:59:35,680
Speaker 25: on tobacco those years afterwards. It's a it's a constant

1322
00:59:35,720 --> 00:59:40,320
Speaker 25: conversation in so many households. It's a real struggle. And look,

1323
00:59:40,480 --> 00:59:41,880
Speaker 25: I tell you the thing that I do love is

1324
00:59:41,920 --> 00:59:46,160
Speaker 25: the best and cheapest policy that this current government has

1325
00:59:46,160 --> 00:59:48,440
Speaker 25: had so far was banning phones and it was good

1326
00:59:48,520 --> 00:59:50,960
Speaker 25: and you know that was just a total winner. And

1327
00:59:51,000 --> 00:59:53,080
Speaker 25: my son is a bright and more interesting person.

1328
00:59:53,480 --> 00:59:55,680
Speaker 2: So don't you tell me, where do you land? Do

1329
00:59:55,720 --> 00:59:57,280
Speaker 2: you think it's a moral panic or something to be

1330
00:59:57,400 --> 00:59:57,919
Speaker 2: worried about?

1331
00:59:58,600 --> 01:00:00,120
Speaker 25: Well, I can say it depends when you ask me.

1332
01:00:00,200 --> 01:00:01,920
Speaker 25: I mean, I think I think probably the truth is

1333
01:00:01,960 --> 01:00:05,120
Speaker 25: somewhere in the middle. And I think that it's the

1334
01:00:05,240 --> 01:00:07,000
Speaker 25: thing that you know, you have to kind of police

1335
01:00:07,080 --> 01:00:10,040
Speaker 25: to a certain extent without while still being reasonable, right, Like,

1336
01:00:10,160 --> 01:00:12,320
Speaker 25: I think there is also a level that you can

1337
01:00:12,400 --> 01:00:15,840
Speaker 25: become kind of you can become crazy fundamentalist about the

1338
01:00:15,920 --> 01:00:17,960
Speaker 25: idea that thou shalt have only half an hour of

1339
01:00:18,040 --> 01:00:20,760
Speaker 25: screen time per day. Let's be reasonable. These are these

1340
01:00:20,800 --> 01:00:23,640
Speaker 25: are windows to the world as well, you know, I

1341
01:00:23,720 --> 01:00:27,720
Speaker 25: mean the other day I shouldn't say this, didn't into

1342
01:00:27,720 --> 01:00:30,760
Speaker 25: the lounge of my my eleven year old daughter had

1343
01:00:30,800 --> 01:00:33,680
Speaker 25: the TV on, I had a laptop on her on

1344
01:00:34,160 --> 01:00:43,439
Speaker 25: her knee and was scrolling scrolling your triple screening, David,

1345
01:00:43,520 --> 01:00:44,120
Speaker 25: what do you reckon?

1346
01:00:44,280 --> 01:00:44,720
Speaker 3: Is it moral?

1347
01:00:46,160 --> 01:00:51,080
Speaker 7: Toby's door should be a blogger for that described But no,

1348
01:00:51,240 --> 01:00:54,800
Speaker 7: it's not moral power. I think it is a huge issue.

1349
01:00:55,240 --> 01:00:59,240
Speaker 7: But having Toby got right, lock the guidelines are like

1350
01:00:59,440 --> 01:01:01,520
Speaker 7: no more than two hours a day when they're younger.

1351
01:01:02,000 --> 01:01:05,520
Speaker 7: If occasionally they have two and a half hours, that's

1352
01:01:05,640 --> 01:01:08,080
Speaker 7: not the problem. The problem is when they're spending five

1353
01:01:08,200 --> 01:01:11,040
Speaker 7: hours a day every day. At the moment Eaver will know,

1354
01:01:11,920 --> 01:01:14,920
Speaker 7: my children like to join our conversation sometimes, so I've

1355
01:01:14,960 --> 01:01:19,280
Speaker 7: got them down, but doing screen time because that was

1356
01:01:19,360 --> 01:01:21,880
Speaker 7: the best way to allow me to do this interview.

1357
01:01:22,360 --> 01:01:24,760
Speaker 7: And so yeah, don't beat yourself up if you go

1358
01:01:25,000 --> 01:01:29,040
Speaker 7: over the guideline. But if you're you know, if your

1359
01:01:29,120 --> 01:01:31,760
Speaker 7: kids are just during screen time and nothing else, I

1360
01:01:31,840 --> 01:01:33,240
Speaker 7: think that has a huge problem.

1361
01:01:33,360 --> 01:01:35,479
Speaker 2: But David, last time I spoke to you, you'd taken

1362
01:01:35,520 --> 01:01:38,120
Speaker 2: the screens off completely. So have you now relented?

1363
01:01:39,880 --> 01:01:45,480
Speaker 7: Yeah, Rock by necessity partly there, but still fairly disciplined

1364
01:01:45,520 --> 01:01:48,000
Speaker 7: on it, like do half an hour to an hour

1365
01:01:48,080 --> 01:01:52,000
Speaker 7: of educational string time on the tablet in setting limits

1366
01:01:52,040 --> 01:01:54,760
Speaker 7: for for how on TV? I have to say though Olympics,

1367
01:01:55,000 --> 01:01:57,480
Speaker 7: I have totally relaxed it. Right, it's once every four

1368
01:01:57,600 --> 01:02:01,840
Speaker 7: years as great bonding, so we and geography.

1369
01:02:01,920 --> 01:02:03,560
Speaker 25: It's learning about geography, isn't it?

1370
01:02:03,720 --> 01:02:03,920
Speaker 12: You know.

1371
01:02:05,400 --> 01:02:09,439
Speaker 2: Well, I mean it's learning about what happens when there's

1372
01:02:09,480 --> 01:02:13,800
Speaker 2: pool and water. Toby says, science, there is anatomy.

1373
01:02:13,960 --> 01:02:15,560
Speaker 25: If you want to talk about the pole volt.

1374
01:02:16,360 --> 01:02:19,160
Speaker 3: Yes, yes, the pole vault.

1375
01:02:19,640 --> 01:02:19,800
Speaker 7: Yes.

1376
01:02:19,920 --> 01:02:23,000
Speaker 2: I like where you're going with this. Mildly alarming guys.

1377
01:02:23,040 --> 01:02:25,720
Speaker 2: Thank you very much, really appreciated. It's Toby Manhier of

1378
01:02:25,800 --> 01:02:29,480
Speaker 2: the Spinner. Oh hold on, hold on, Toby are you there?

1379
01:02:31,160 --> 01:02:34,280
Speaker 2: How good was your Juggernaut podcast? Can I just tell

1380
01:02:34,320 --> 01:02:34,480
Speaker 2: you that?

1381
01:02:35,560 --> 01:02:36,640
Speaker 3: Thank you mate?

1382
01:02:36,720 --> 01:02:39,760
Speaker 25: Awesome David about the Fourth Labor Government.

1383
01:02:39,840 --> 01:02:42,200
Speaker 2: Loved it, could could go another round on it, David, did.

1384
01:02:42,120 --> 01:02:42,720
Speaker 11: You listen to it?

1385
01:02:43,680 --> 01:02:45,800
Speaker 7: Of course, It's like being in a time warp.

1386
01:02:45,880 --> 01:02:46,040
Speaker 12: Bat.

1387
01:02:46,720 --> 01:02:48,320
Speaker 23: I mean there's a reason why.

1388
01:02:48,440 --> 01:02:51,920
Speaker 7: Pre and post eighty four as still. You know, even

1389
01:02:51,960 --> 01:02:55,960
Speaker 7: though you think forty years on people wouldn't be interested

1390
01:02:56,040 --> 01:02:58,680
Speaker 7: in that, You've still got like Sonny on the left, yes,

1391
01:02:59,080 --> 01:03:01,800
Speaker 7: say we have to reuse what happened at Pete Drive,

1392
01:03:03,080 --> 01:03:05,560
Speaker 7: and probably so many who still think we'll go.

1393
01:03:05,720 --> 01:03:08,160
Speaker 11: Back to what, Oh tell you what?

1394
01:03:08,400 --> 01:03:10,760
Speaker 2: After listening to that, I just wanted the entire National

1395
01:03:10,880 --> 01:03:13,520
Speaker 2: Party to sit down and grow some balls basically and

1396
01:03:13,600 --> 01:03:15,880
Speaker 2: go for another round of reform. Guys, thank you very much.

1397
01:03:15,920 --> 01:03:18,040
Speaker 2: It really was a great podcast. It's Toby Manhier of

1398
01:03:18,080 --> 01:03:20,920
Speaker 2: The spin Off and David Farrer of Kiwi blogging Curia

1399
01:03:21,040 --> 01:03:22,000
Speaker 2: eight away from six.

1400
01:03:22,760 --> 01:03:25,360
Speaker 1: On your smart speaker, on the iHeart app and in

1401
01:03:25,480 --> 01:03:28,520
Speaker 1: your car on your drive home. Heather duple c Allen

1402
01:03:28,680 --> 01:03:32,520
Speaker 1: drive with One New Zealand One Giant Leap for Business

1403
01:03:32,920 --> 01:03:34,280
Speaker 1: News Talk Zebby.

1404
01:03:34,880 --> 01:03:36,720
Speaker 2: Five away from six. Listen quick update for you if

1405
01:03:36,760 --> 01:03:39,480
Speaker 2: you're following the Philip Pulkinghorn trial. I mean frankly, who

1406
01:03:39,560 --> 01:03:42,560
Speaker 2: isn't he broke down in court today. He was apparently

1407
01:03:42,640 --> 01:03:45,600
Speaker 2: visibly upset because what happened as a police witness was

1408
01:03:45,600 --> 01:03:50,240
Speaker 2: giving evidence and was holding the belt that was wrapped

1409
01:03:50,280 --> 01:03:53,280
Speaker 2: around Pauline Hannah's neck when she was found dead. And

1410
01:03:53,920 --> 01:03:57,160
Speaker 2: while he has stayed relatively stoic during the trial and

1411
01:03:57,160 --> 01:03:58,680
Speaker 2: has even sort of like laughed a bit with the

1412
01:03:58,680 --> 01:04:01,000
Speaker 2: security guard and stuff like that, being in relatively good spirits,

1413
01:04:01,320 --> 01:04:03,600
Speaker 2: when he saw the belt, our reporter who's in court

1414
01:04:03,640 --> 01:04:06,240
Speaker 2: says that he appears to have become deeply upset, placed

1415
01:04:06,240 --> 01:04:08,800
Speaker 2: his head in his hands and weeped quietly, and then

1416
01:04:08,880 --> 01:04:11,920
Speaker 2: his lawyer, Ron Mansfield check Mansfield check that he was okay,

1417
01:04:12,400 --> 01:04:15,640
Speaker 2: and then the trial continued. Pretty gripping. What's going on

1418
01:04:15,720 --> 01:04:18,200
Speaker 2: in that court room at the moment here that the

1419
01:04:18,280 --> 01:04:21,040
Speaker 2: power company's raken around about two hundred million dollars a week,

1420
01:04:21,200 --> 01:04:23,720
Speaker 2: greedy shareholders are stopping them from future proofing New Zealand

1421
01:04:23,760 --> 01:04:26,400
Speaker 2: maybe it's Look, there's what is going on at the

1422
01:04:26,440 --> 01:04:29,480
Speaker 2: moment is we appear to have a confluence of things.

1423
01:04:29,520 --> 01:04:30,960
Speaker 2: But we're going to talk to Shane Jones about this

1424
01:04:31,040 --> 01:04:33,280
Speaker 2: shortly just after six. But it appears to be a

1425
01:04:33,320 --> 01:04:35,360
Speaker 2: confluence of things that are heading us hard right at

1426
01:04:35,360 --> 01:04:36,920
Speaker 2: the moment. So the first thing is that we have

1427
01:04:37,000 --> 01:04:39,800
Speaker 2: had a dry winter, right, so our hydro lakes are low.

1428
01:04:39,880 --> 01:04:42,240
Speaker 2: Therefore their electricity prices are up. That's what's affecting the

1429
01:04:43,080 --> 01:04:46,480
Speaker 2: pulping timber mills around Kune. Then you've also got the

1430
01:04:46,560 --> 01:04:49,160
Speaker 2: fact that the power companies, yes, are incentivized to not

1431
01:04:49,320 --> 01:04:52,000
Speaker 2: build any more production because supply and demand, right, So

1432
01:04:52,520 --> 01:04:54,840
Speaker 2: the more supply they have the less the less they

1433
01:04:54,880 --> 01:04:58,000
Speaker 2: can charge, and so they don't want to build more supply.

1434
01:04:58,120 --> 01:04:59,520
Speaker 2: But then also on top of that, you've got the

1435
01:04:59,560 --> 01:05:02,040
Speaker 2: problem with the gas going on at the moment, and

1436
01:05:02,200 --> 01:05:05,160
Speaker 2: that is a really significant problem that's really compounded what

1437
01:05:05,200 --> 01:05:07,720
Speaker 2: we're going through Method X. I don't know if you're aware.

1438
01:05:08,200 --> 01:05:10,600
Speaker 2: Yesterday the news came out that they are actually reviewing

1439
01:05:10,640 --> 01:05:12,440
Speaker 2: how they are operating in the country. They're running at

1440
01:05:12,480 --> 01:05:14,960
Speaker 2: less than half capacity because they haven't got gas. You

1441
01:05:15,080 --> 01:05:18,760
Speaker 2: cannot run business like this, you simply cannot. So we

1442
01:05:18,840 --> 01:05:21,120
Speaker 2: have to do something about it. And Shane Jones, the

1443
01:05:21,160 --> 01:05:22,680
Speaker 2: man to fix it, is with us shortly. And we're

1444
01:05:22,720 --> 01:05:25,160
Speaker 2: also gonna have a chat to Brad Olson about what's

1445
01:05:25,200 --> 01:05:28,200
Speaker 2: gone on in the markets, the turmoil and all that stuff,

1446
01:05:28,240 --> 01:05:31,280
Speaker 2: and my favorite current subject, which is bank interest rates.

1447
01:05:31,360 --> 01:05:32,920
Speaker 2: He'll tell us where we're going with this and how

1448
01:05:33,000 --> 01:05:36,880
Speaker 2: much more of this we can expect. The I mean,

1449
01:05:36,960 --> 01:05:39,200
Speaker 2: I think, I think by now we're all having to

1450
01:05:39,280 --> 01:05:40,640
Speaker 2: revise what we think is going to happen in the

1451
01:05:40,640 --> 01:05:43,360
Speaker 2: American election A and like, come on now, Karmala Harris,

1452
01:05:43,760 --> 01:05:45,960
Speaker 2: is I mean, it's hers to lose now, isn't it?

1453
01:05:46,240 --> 01:05:46,520
Speaker 3: Isn't it?

1454
01:05:47,160 --> 01:05:50,200
Speaker 2: But this hero worship that's going on of Joe Biden

1455
01:05:50,280 --> 01:05:53,720
Speaker 2: has just got ridiculous because obviously what's going on is

1456
01:05:53,800 --> 01:05:55,760
Speaker 2: that there is an attempt to turn him into some

1457
01:05:55,880 --> 01:05:59,040
Speaker 2: sort of like a living modern legend as far as

1458
01:05:59,120 --> 01:06:01,640
Speaker 2: presidents go. And that must have been the trade off

1459
01:06:01,720 --> 01:06:03,440
Speaker 2: that they made when they were like you've got to leave,

1460
01:06:03,520 --> 01:06:04,680
Speaker 2: and then he was like, yeah, but I want to

1461
01:06:04,720 --> 01:06:06,560
Speaker 2: be one of the best presidents ever. They were like okay.

1462
01:06:06,960 --> 01:06:09,000
Speaker 2: So the latest thing that Nancy Pelosi has done is

1463
01:06:09,080 --> 01:06:13,800
Speaker 2: she suggested that his face should be on Mount Rushworth Rushmore,

1464
01:06:14,520 --> 01:06:17,680
Speaker 2: I don't care whatever the mountain. The mountain with the

1465
01:06:17,760 --> 01:06:21,240
Speaker 2: faces on Brushworth sounds like an ice cream, doesn't it? Anyway?

1466
01:06:21,440 --> 01:06:23,400
Speaker 2: She's now suggested that his face should be on there,

1467
01:06:23,400 --> 01:06:25,800
Speaker 2: which is utterly ridiculous because she's saying he's one of

1468
01:06:25,840 --> 01:06:29,760
Speaker 2: the greatest presidents they've ever had. He's okay, he's fine.

1469
01:06:30,360 --> 01:06:32,360
Speaker 2: I mean, he didn't win a war, did he. In fact,

1470
01:06:32,400 --> 01:06:34,880
Speaker 2: he was quite crap at afghanis Dan. So that's ridiculous.

1471
01:06:35,520 --> 01:06:36,440
Speaker 2: News Talks ZB.

1472
01:06:40,720 --> 01:06:44,520
Speaker 1: What's up, what's down? What were the major calls and

1473
01:06:44,680 --> 01:06:47,840
Speaker 1: how will it affect the economy? The big business questions

1474
01:06:48,040 --> 01:06:51,440
Speaker 1: on the Business Hour with Hither Duplessy Allen and my

1475
01:06:51,840 --> 01:06:53,479
Speaker 1: Hr on News Talks MB.

1476
01:06:56,280 --> 01:06:57,920
Speaker 2: Even in coming up in the next hour, we'll have

1477
01:06:58,040 --> 01:07:00,880
Speaker 2: a chat to Brad Olson about the market turmoil in

1478
01:07:00,920 --> 01:07:03,000
Speaker 2: the last few days. Paul Bloxham will talk us through

1479
01:07:03,040 --> 01:07:05,560
Speaker 2: the RBA holding rates today and what we should expect

1480
01:07:05,560 --> 01:07:07,720
Speaker 2: in New Zealand next week. And then Vincent mcavinie on

1481
01:07:07,840 --> 01:07:09,360
Speaker 2: the New Bank. See i'll tell you about that in

1482
01:07:09,480 --> 01:07:11,680
Speaker 2: just to take what's coming up eight past six now,

1483
01:07:11,760 --> 01:07:15,480
Speaker 2: electricity prices are threatening two mills near or Haakune. Winston

1484
01:07:15,680 --> 01:07:18,480
Speaker 2: Pulp International has paused operations at the mills for a

1485
01:07:18,560 --> 01:07:20,480
Speaker 2: couple of weeks because the power price is simply too

1486
01:07:20,560 --> 01:07:23,480
Speaker 2: high to profitably run the mills. Now, if they shut

1487
01:07:23,560 --> 01:07:25,760
Speaker 2: down completely, it means up to three hundred people could

1488
01:07:25,800 --> 01:07:28,520
Speaker 2: lose their jobs. Shane Jones is the Minister for Regional

1489
01:07:28,600 --> 01:07:31,360
Speaker 2: Development also the Associate Energy Minister and with us now,

1490
01:07:31,440 --> 01:07:32,160
Speaker 2: hey Shane.

1491
01:07:33,240 --> 01:07:37,560
Speaker 8: Hey, folks, what do we do about this well hideous news?

1492
01:07:38,360 --> 01:07:43,880
Speaker 6: Obviously, I'm hopeful that the gent tailors, the BEG energy

1493
01:07:43,960 --> 01:07:49,400
Speaker 6: companies start to offer our big forestry producers, manufacturers and

1494
01:07:49,560 --> 01:07:54,120
Speaker 6: other related industrial players a deal that's not dissimilar from

1495
01:07:54,160 --> 01:07:56,520
Speaker 6: what they offered Rio Tinto down there in the cargo.

1496
01:07:56,720 --> 01:07:58,240
Speaker 2: Are they going to though? Is that realistic?

1497
01:07:59,320 --> 01:07:59,480
Speaker 14: Well?

1498
01:07:59,480 --> 01:08:04,600
Speaker 6: The difficult here is that ministers can't command Mercury, Meridian,

1499
01:08:05,080 --> 01:08:10,480
Speaker 6: Genesis contact to do anything. They only listen to the

1500
01:08:10,600 --> 01:08:13,640
Speaker 6: managers and the directors of those companies. But my problem

1501
01:08:13,760 --> 01:08:18,479
Speaker 6: is that if they don't start to engage and actually

1502
01:08:18,600 --> 01:08:23,360
Speaker 6: look after New Zealand firms, new Zealand employers, then quite frankly,

1503
01:08:23,439 --> 01:08:25,320
Speaker 6: our fear and de industrialization.

1504
01:08:25,760 --> 01:08:27,840
Speaker 2: Yeah, I think that that is obviously happening right at

1505
01:08:27,840 --> 01:08:30,080
Speaker 2: the moment. I mean, do you have any indication that

1506
01:08:30,160 --> 01:08:32,479
Speaker 2: the power companies are going to offer sweetheart deals?

1507
01:08:33,800 --> 01:08:36,760
Speaker 6: Well, look the precedents there, the Rio Tinto whether or

1508
01:08:36,760 --> 01:08:38,599
Speaker 6: not you call it a sweetheart deal. I mean it's

1509
01:08:38,640 --> 01:08:41,519
Speaker 6: over what period of time power is made available to

1510
01:08:41,640 --> 01:08:44,439
Speaker 6: these factories. And now, sadly I'm not running any of

1511
01:08:44,520 --> 01:08:48,840
Speaker 6: those forestry manufacturers, but they seem to be saying, and

1512
01:08:48,960 --> 01:08:51,400
Speaker 6: we have to take them at their word, that the

1513
01:08:51,800 --> 01:08:58,040
Speaker 6: costs associated with access to electricity makes their operations marginal

1514
01:08:58,080 --> 01:09:01,120
Speaker 6: in New Zealand, which is on you and I as

1515
01:09:01,160 --> 01:09:05,040
Speaker 6: New Zealanders, because a historic advantage of doing business in

1516
01:09:05,439 --> 01:09:07,479
Speaker 6: Kiwi Land was affordable energy.

1517
01:09:07,680 --> 01:09:09,439
Speaker 2: But Shane, you know what you're saying, right, if they

1518
01:09:09,520 --> 01:09:12,200
Speaker 2: offer deals like they offer to Rio Tinto, you and

1519
01:09:12,360 --> 01:09:14,759
Speaker 2: I as households are going to pay for that because

1520
01:09:14,800 --> 01:09:15,880
Speaker 2: we pay for Rio Tinto.

1521
01:09:17,360 --> 01:09:17,559
Speaker 12: Well.

1522
01:09:18,400 --> 01:09:21,200
Speaker 6: The reality is that if you offer a deal over

1523
01:09:21,280 --> 01:09:24,559
Speaker 6: a long period of time, then it's no different than

1524
01:09:24,600 --> 01:09:28,719
Speaker 6: a long term interest or a long term currency fix.

1525
01:09:28,960 --> 01:09:31,400
Speaker 6: Then the price comes down. It doesn't necessarily mean that

1526
01:09:31,520 --> 01:09:33,640
Speaker 6: you and I have to pay more prices. What is

1527
01:09:33,720 --> 01:09:36,960
Speaker 6: bedeviling you and I as Garden Variety key Ysas is

1528
01:09:37,000 --> 01:09:39,479
Speaker 6: not enough energy in the company. And that takes us

1529
01:09:39,520 --> 01:09:42,840
Speaker 6: to whether or not the regulatory settings are such that

1530
01:09:43,000 --> 01:09:48,120
Speaker 6: it's encouraging competition. And that's why I've been working on

1531
01:09:48,240 --> 01:09:51,120
Speaker 6: some ideas which I shall submit to my fellow ministers,

1532
01:09:51,160 --> 01:09:55,120
Speaker 6: in particular the senior Energy Minister, and maybe it's a

1533
01:09:55,200 --> 01:09:58,040
Speaker 6: time to have a deep dive and ensure that we've

1534
01:09:58,080 --> 01:10:01,719
Speaker 6: got the right regulatory settings for comp petition and new investment.

1535
01:10:01,760 --> 01:10:04,160
Speaker 6: If we haven't, then what we need to do to

1536
01:10:04,280 --> 01:10:05,559
Speaker 6: expedite that new investment.

1537
01:10:05,640 --> 01:10:09,479
Speaker 8: What are you thinking, Well, we're looking.

1538
01:10:09,360 --> 01:10:12,680
Speaker 6: At Obviously there's an interest in offshore wooden, but that's

1539
01:10:12,720 --> 01:10:15,919
Speaker 6: going to take a while. I'm told by the existing

1540
01:10:16,000 --> 01:10:18,880
Speaker 6: investors in the gas industry that there are things that

1541
01:10:18,960 --> 01:10:21,680
Speaker 6: can be done in the short term to incentivize them

1542
01:10:21,760 --> 01:10:25,200
Speaker 6: to do more work, and officials are giving us advice

1543
01:10:25,240 --> 01:10:29,200
Speaker 6: about that. And as much as it pains me to say, Meridian,

1544
01:10:29,360 --> 01:10:33,160
Speaker 6: I am told are interested in moving towards the importation

1545
01:10:33,320 --> 01:10:37,479
Speaker 6: of Aling and New Zealand that would supply gas fire

1546
01:10:37,600 --> 01:10:40,120
Speaker 6: power stations, and of course this will enrage the Greens

1547
01:10:40,640 --> 01:10:42,320
Speaker 6: who want a pure.

1548
01:10:44,120 --> 01:10:44,280
Speaker 14: Well.

1549
01:10:44,360 --> 01:10:46,719
Speaker 6: That will depend on what sort of contract you can strike.

1550
01:10:46,760 --> 01:10:48,880
Speaker 6: I mean, the Aussies have found that the spot price

1551
01:10:49,200 --> 01:10:52,080
Speaker 6: and globally has been very expensive for them and I'm

1552
01:10:52,120 --> 01:10:54,800
Speaker 6: not promoting it, but I have to acknowledge that this

1553
01:10:54,960 --> 01:10:59,160
Speaker 6: is what Meridian and others apparently are interested in.

1554
01:11:00,040 --> 01:11:03,000
Speaker 2: Is anybody using the word crisis, electricity crisis, energy crisis

1555
01:11:03,040 --> 01:11:03,200
Speaker 2: with you?

1556
01:11:04,600 --> 01:11:06,840
Speaker 6: Oh, I think that the people that have spoken to us.

1557
01:11:06,920 --> 01:11:09,439
Speaker 6: I mean, obviously I had a meeting with Breakfast with

1558
01:11:09,520 --> 01:11:12,200
Speaker 6: Winston a while ago and they explained their situation to me.

1559
01:11:12,680 --> 01:11:15,799
Speaker 6: I understand the Forest Minister. They're certainly using the word crisis.

1560
01:11:16,240 --> 01:11:19,480
Speaker 6: I mean, the difficulty is if we have a continually

1561
01:11:19,640 --> 01:11:23,400
Speaker 6: rising cost of electricity, and the only way to deal

1562
01:11:23,479 --> 01:11:26,960
Speaker 6: with that problem is to rapidly expand supply. And that's

1563
01:11:27,000 --> 01:11:30,200
Speaker 6: why the fast track legislation, no doubt in my mind,

1564
01:11:30,680 --> 01:11:33,640
Speaker 6: will prove to be incredibly useful, so we can accelerate

1565
01:11:33,720 --> 01:11:36,559
Speaker 6: the development of wood palms, solar farms, hopefully some more

1566
01:11:36,640 --> 01:11:40,719
Speaker 6: hydro and you know, we have an inordinately rich resource

1567
01:11:40,800 --> 01:11:43,600
Speaker 6: in New Zealand, which is the geothermal energy, and geothermal

1568
01:11:43,760 --> 01:11:46,240
Speaker 6: energy drilling in other countries goes down five or six

1569
01:11:46,360 --> 01:11:50,040
Speaker 6: kilometers into the earth and you tap into what's called

1570
01:11:50,120 --> 01:11:53,600
Speaker 6: hot rock, not quite at the magma, and that is

1571
01:11:53,920 --> 01:11:58,120
Speaker 6: a profound geothermal resource. But it will probably require the

1572
01:11:58,200 --> 01:12:00,880
Speaker 6: Crown and the Science Institute owned by the Crown to

1573
01:12:00,960 --> 01:12:02,240
Speaker 6: do the exploratory work.

1574
01:12:02,760 --> 01:12:04,960
Speaker 2: Well it's some best of like getting that paper before

1575
01:12:04,960 --> 01:12:07,240
Speaker 2: the other ministers and yeah, look forward to you coming

1576
01:12:07,320 --> 01:12:09,599
Speaker 2: up with some solutions. Shane appreciated that. Shane Jones, Minister

1577
01:12:09,680 --> 01:12:13,240
Speaker 2: for Regional Development. Yep, they're using the word crisis and

1578
01:12:13,280 --> 01:12:15,439
Speaker 2: that shouldn't surprise you at all. Now the Banksy that

1579
01:12:15,479 --> 01:12:17,240
Speaker 2: I was telling you about, So a new piece of

1580
01:12:17,400 --> 01:12:20,320
Speaker 2: art has popped up. This has been near Cubridge. It's

1581
01:12:20,360 --> 01:12:22,599
Speaker 2: on a wall like the end of a house Qubbridge

1582
01:12:22,880 --> 01:12:25,840
Speaker 2: in Richmond in southwest London. And what it is is

1583
01:12:25,880 --> 01:12:28,200
Speaker 2: there's a little pillar of a wall and he's painted

1584
01:12:28,240 --> 01:12:30,439
Speaker 2: a we goat just standing on top of that pillar

1585
01:12:30,479 --> 01:12:32,160
Speaker 2: with a bunch of rocks sort of falling off, a

1586
01:12:32,160 --> 01:12:34,280
Speaker 2: little bit of stones falling off and stuff like that,

1587
01:12:34,840 --> 01:12:37,519
Speaker 2: and the goat is obviously precariously perched on the thing.

1588
01:12:37,800 --> 01:12:39,840
Speaker 2: And banks he has now confirmed that he is behind

1589
01:12:39,920 --> 01:12:42,320
Speaker 2: it because it's pretty much it's in his style. It's

1590
01:12:42,360 --> 01:12:44,240
Speaker 2: pretty cool, Like I would be pretty stoked if it

1591
01:12:44,360 --> 01:12:47,160
Speaker 2: was my house and Banksy come by and painted we

1592
01:12:47,320 --> 01:12:50,400
Speaker 2: Goat there? What does it mean? This is the question.

1593
01:12:50,600 --> 01:12:52,799
Speaker 2: Everybody's going to be puzzling over this and having debates

1594
01:12:52,800 --> 01:12:54,680
Speaker 2: about it and so on, So stand by for the

1595
01:12:54,840 --> 01:12:57,760
Speaker 2: what does the banks he mean? Vincent mcavenie's going to

1596
01:12:57,760 --> 01:12:59,240
Speaker 2: be a US before quarter at the seven he'll talk

1597
01:12:59,320 --> 01:13:01,679
Speaker 2: us through what he makes of it thirteen plus.

1598
01:13:01,640 --> 01:13:05,679
Speaker 1: Six, crunching the numbers and getting the results. It's Heather

1599
01:13:05,840 --> 01:13:09,360
Speaker 1: Duplicy Ellen with the Business Hours thanks to my HR,

1600
01:13:09,640 --> 01:13:12,520
Speaker 1: the HR platform for SME on NEWSTALKZB.

1601
01:13:13,520 --> 01:13:15,360
Speaker 2: Hey, let's talk about something that affects all of us

1602
01:13:15,439 --> 01:13:17,439
Speaker 2: in some way. Cancer. I mean, this is a word

1603
01:13:17,479 --> 01:13:20,240
Speaker 2: that changes everything. Right, it affects one in three Kiwis

1604
01:13:20,280 --> 01:13:22,880
Speaker 2: in their lifetime. That could be our friends, our family,

1605
01:13:23,040 --> 01:13:25,960
Speaker 2: our neighbors. But we're not facing the salone. For thirty

1606
01:13:26,000 --> 01:13:28,160
Speaker 2: four years now, A and Z has been supporting the

1607
01:13:28,240 --> 01:13:30,840
Speaker 2: Cancer Society to help our communities through the thick and

1608
01:13:30,960 --> 01:13:33,600
Speaker 2: thin of cancer. So this Daffodil Day, which by the

1609
01:13:33,640 --> 01:13:36,120
Speaker 2: way is August thirty, we've got a chance to stand

1610
01:13:36,240 --> 01:13:39,280
Speaker 2: united and make a real difference. Every daffodil represents a

1611
01:13:39,320 --> 01:13:42,000
Speaker 2: story of hope, struggle and support, and it's about coming

1612
01:13:42,040 --> 01:13:44,120
Speaker 2: together when the times are tough, just like Kiwis always

1613
01:13:44,160 --> 01:13:46,560
Speaker 2: do so. Your donation, big or small, can make a

1614
01:13:46,640 --> 01:13:49,680
Speaker 2: real difference to someone's journey, It funds vital research, it

1615
01:13:49,760 --> 01:13:52,639
Speaker 2: helps the Cancer Society provide support services, and it brings

1616
01:13:52,680 --> 01:13:54,640
Speaker 2: hope to those who really need it the most. So

1617
01:13:55,120 --> 01:13:57,880
Speaker 2: let's make every daffodil count with A and Z the

1618
01:13:57,920 --> 01:13:59,880
Speaker 2: Staffodil Day and show what New Zealanders are made of.

1619
01:14:00,040 --> 01:14:03,240
Speaker 2: Text donate to two four four two to get the

1620
01:14:03,320 --> 01:14:04,479
Speaker 2: link to make a donation.

1621
01:14:05,240 --> 01:14:07,439
Speaker 3: Ever due for see Allen six.

1622
01:14:07,520 --> 01:14:09,599
Speaker 2: Now several New Zealand banks have been dropping interest rates

1623
01:14:09,640 --> 01:14:12,639
Speaker 2: again today, mainly the eighteen month and the two year rates,

1624
01:14:12,680 --> 01:14:14,880
Speaker 2: so kir we Ban can be in. Zet also are

1625
01:14:14,920 --> 01:14:17,639
Speaker 2: now both calling for a cut to the OCR. Next

1626
01:14:17,760 --> 01:14:20,120
Speaker 2: week Brad Olsen is in for metrics principle economists and

1627
01:14:20,160 --> 01:14:22,839
Speaker 2: with us now ay Brad, good evening. Are they dreaming?

1628
01:14:24,160 --> 01:14:24,320
Speaker 7: Oh?

1629
01:14:24,680 --> 01:14:27,000
Speaker 27: I think they have a pretty convincing argument for why

1630
01:14:27,080 --> 01:14:29,759
Speaker 27: it should happen. The question now is was the Reserve

1631
01:14:29,840 --> 01:14:32,400
Speaker 27: Bank dreaming in May or July? And how do they

1632
01:14:32,479 --> 01:14:35,160
Speaker 27: take all of this? I mean, the economic numbers haven't

1633
01:14:35,280 --> 01:14:38,479
Speaker 27: changed as markedly as as I think. You know this

1634
01:14:38,680 --> 01:14:41,200
Speaker 27: big shift would be because it would be effectively the

1635
01:14:41,280 --> 01:14:44,760
Speaker 27: Reserve Bank moving forward their expectations and moving on the

1636
01:14:44,800 --> 01:14:48,280
Speaker 27: official cash rate a year earlier than they were originally thinking.

1637
01:14:48,560 --> 01:14:51,200
Speaker 27: So there will be a pretty heroic shift, but maybe

1638
01:14:51,240 --> 01:14:53,519
Speaker 27: it could happen because we know the economy is going

1639
01:14:53,600 --> 01:14:55,679
Speaker 27: through a lot of ups and downs at the moment.

1640
01:14:55,720 --> 01:14:57,200
Speaker 11: You can see that with the stock markets.

1641
01:14:57,400 --> 01:15:01,120
Speaker 27: We're expecting unemployment rate data out tomorrow to show some

1642
01:15:01,280 --> 01:15:03,800
Speaker 27: darker things as well. So all of that together you

1643
01:15:03,880 --> 01:15:06,080
Speaker 27: can start to build an argument for the Reserve Bank

1644
01:15:06,200 --> 01:15:09,200
Speaker 27: moving maybe sooner other than mater. I still feel like

1645
01:15:09,240 --> 01:15:11,720
Speaker 27: it's probably more in that November sort of area where

1646
01:15:12,040 --> 01:15:14,400
Speaker 27: the Reserve Bank might land, But I think there is

1647
01:15:14,439 --> 01:15:16,000
Speaker 27: an increasing argument.

1648
01:15:15,720 --> 01:15:17,120
Speaker 11: For why it might be time to move.

1649
01:15:17,439 --> 01:15:19,599
Speaker 27: To be fair here, that that argument's probably been growing

1650
01:15:19,600 --> 01:15:21,439
Speaker 27: for a while, but we're still not sure where the

1651
01:15:21,520 --> 01:15:23,400
Speaker 27: Reserve Bank will actually land on any of this.

1652
01:15:23,600 --> 01:15:25,880
Speaker 2: Yeah, I mean the argument that Kei we Bank make

1653
01:15:26,160 --> 01:15:28,920
Speaker 2: is that interest rates take about eighteen months to filter

1654
01:15:29,040 --> 01:15:31,920
Speaker 2: through anyway, so even if they start cutting now, we're

1655
01:15:31,960 --> 01:15:34,479
Speaker 2: really eighteen months away from feeling the relief fully. So

1656
01:15:34,680 --> 01:15:35,880
Speaker 2: isn't that a fair argument?

1657
01:15:37,200 --> 01:15:39,200
Speaker 27: It is a fair argument, But the Reserve Bank also

1658
01:15:39,320 --> 01:15:41,800
Speaker 27: knows that like that won't be news to them, So again,

1659
01:15:41,880 --> 01:15:44,160
Speaker 27: if they were thinking it was, you know, towards the

1660
01:15:44,200 --> 01:15:46,840
Speaker 27: second half of next year on their official forecast that

1661
01:15:46,920 --> 01:15:48,639
Speaker 27: they were going to move back when they last put

1662
01:15:48,680 --> 01:15:50,720
Speaker 27: out those forecasts, and they knew at that point that

1663
01:15:50,800 --> 01:15:52,599
Speaker 27: it was still going to take eighteen months, and they

1664
01:15:52,720 --> 01:15:54,120
Speaker 27: still thought that was the right move.

1665
01:15:54,240 --> 01:15:57,200
Speaker 11: So, like I said, what has changed markedly since then?

1666
01:15:57,400 --> 01:15:59,400
Speaker 27: I look at the numbers, and yet they've gotten sort

1667
01:15:59,439 --> 01:16:02,599
Speaker 27: of on inflation, worse on other parts of the economy,

1668
01:16:02,680 --> 01:16:04,840
Speaker 27: but broadly in line what the bank was thinking anyway.

1669
01:16:04,880 --> 01:16:06,680
Speaker 27: So that's what I'm trying to figure out, is if

1670
01:16:06,720 --> 01:16:08,960
Speaker 27: the bank still thought that back in May, how has

1671
01:16:09,040 --> 01:16:12,360
Speaker 27: their shifting How has their view shifted that much? Again, though,

1672
01:16:12,360 --> 01:16:15,559
Speaker 27: I think we'd actually probably see a slightly sharper amount

1673
01:16:15,640 --> 01:16:18,360
Speaker 27: of that monetary policy change pass through quicker.

1674
01:16:18,720 --> 01:16:21,200
Speaker 11: We know, for example, that about twenty percent of new.

1675
01:16:21,160 --> 01:16:23,559
Speaker 27: Loans over the last couple of months have been people

1676
01:16:23,640 --> 01:16:26,760
Speaker 27: fixing for only six month periods, sort of betting on

1677
01:16:26,880 --> 01:16:28,080
Speaker 27: a cut sooner other than later.

1678
01:16:28,160 --> 01:16:31,000
Speaker 11: So you might see a slightly quicker pass through the normal.

1679
01:16:31,080 --> 01:16:32,880
Speaker 27: But look, it will take a while to come through.

1680
01:16:33,000 --> 01:16:36,160
Speaker 27: The economy is obviously in a difficult place. I think

1681
01:16:36,200 --> 01:16:38,639
Speaker 27: there is a real question amongst economists at the moment

1682
01:16:38,760 --> 01:16:41,599
Speaker 27: over how quickly the Reserve Bank does it, and probably

1683
01:16:41,640 --> 01:16:44,040
Speaker 27: more importantly, how quickly the Reserve Bank should do it.

1684
01:16:44,200 --> 01:16:46,439
Speaker 11: And they are still quite a way apart at the moment.

1685
01:16:47,320 --> 01:16:48,840
Speaker 2: What do you make of the market turmoil in the

1686
01:16:48,920 --> 01:16:50,080
Speaker 2: last few days around the world.

1687
01:16:51,360 --> 01:16:53,479
Speaker 27: Well, I think, to be honest, probably a lot of

1688
01:16:53,600 --> 01:16:56,439
Speaker 27: sort of overreaction, everyone losing their minds in the markets

1689
01:16:56,479 --> 01:16:58,280
Speaker 27: and then maybe coming back a bit to their senses.

1690
01:16:58,320 --> 01:17:00,439
Speaker 11: I mean, you look at the likes of the Japanese market.

1691
01:17:00,520 --> 01:17:04,040
Speaker 27: Yesterday dropped the largest it's ever dropped, worse than the

1692
01:17:04,080 --> 01:17:07,000
Speaker 27: eighty seven stop crash. Yet today it's up another sort

1693
01:17:07,000 --> 01:17:08,760
Speaker 27: of ten percent, you know, so it'st of pulled back

1694
01:17:08,840 --> 01:17:11,519
Speaker 27: a lot of those losses. So I think probably what's happened.

1695
01:17:11,560 --> 01:17:14,280
Speaker 27: You've got three broad threat things. The Japanese have raised

1696
01:17:14,280 --> 01:17:17,800
Speaker 27: interest rates, that's pretty unusual. The US economy is looking

1697
01:17:17,920 --> 01:17:20,720
Speaker 27: a little bit worse for wear, and that sort of

1698
01:17:21,160 --> 01:17:23,920
Speaker 27: ringing those recession alarm bells. But I think there's also

1699
01:17:23,960 --> 01:17:26,000
Speaker 27: a part where the market's the last couple of months,

1700
01:17:26,080 --> 01:17:26,760
Speaker 27: particular on.

1701
01:17:26,840 --> 01:17:30,160
Speaker 11: Tech, particular on ai, got way over zealous.

1702
01:17:30,200 --> 01:17:32,360
Speaker 27: You know, everyone was thinking that these things were just

1703
01:17:32,439 --> 01:17:34,360
Speaker 27: going to make them, you know, quadtrillions more than they

1704
01:17:34,360 --> 01:17:35,200
Speaker 27: could ever imagine.

1705
01:17:35,479 --> 01:17:37,200
Speaker 11: Now I think we've come crashing back to earth.

1706
01:17:37,240 --> 01:17:39,479
Speaker 27: We're probably a bit more realistic about things, and the

1707
01:17:39,520 --> 01:17:41,960
Speaker 27: outlook just in the general economy and in tech is

1708
01:17:42,080 --> 01:17:44,439
Speaker 27: not as upbeats, so a bit more realism.

1709
01:17:44,520 --> 01:17:46,000
Speaker 11: It's going to sort of be a bit ugly.

1710
01:17:46,080 --> 01:17:47,840
Speaker 27: There's a lot of red ink and I think, you know,

1711
01:17:47,920 --> 01:17:49,800
Speaker 27: people probably don't want to check their key.

1712
01:17:49,840 --> 01:17:51,559
Speaker 11: We save as tonight for the next couple of days.

1713
01:17:51,640 --> 01:17:54,040
Speaker 27: But actually I think sort of keep calm and carry

1714
01:17:54,080 --> 01:17:55,800
Speaker 27: on is maybe not the worst idea in the world

1715
01:17:55,800 --> 01:17:56,160
Speaker 27: at the moment.

1716
01:17:56,200 --> 01:17:58,360
Speaker 2: I'm very good advice. Hey, Brad, thank you as always appreciated.

1717
01:17:58,400 --> 01:18:03,080
Speaker 2: Brad also Informetric's principle economy. Brad is the expert and

1718
01:18:03,120 --> 01:18:04,800
Speaker 2: I'm not. But I'm going to say October when he

1719
01:18:04,840 --> 01:18:06,680
Speaker 2: says November for the first cut. So we'll just put

1720
01:18:06,720 --> 01:18:08,040
Speaker 2: that out there, because if I beat Brad on this,

1721
01:18:08,120 --> 01:18:09,680
Speaker 2: it's going to be bragging rights for the rest of

1722
01:18:09,720 --> 01:18:12,720
Speaker 2: my life, let's be honest. Significant court case in the

1723
01:18:12,760 --> 01:18:15,479
Speaker 2: States has gone against Google. This is a case that

1724
01:18:16,080 --> 01:18:18,160
Speaker 2: was first launched in twenty twenty court case it's been

1725
01:18:18,200 --> 01:18:21,640
Speaker 2: running since September last year. A federal judge has just

1726
01:18:21,760 --> 01:18:25,680
Speaker 2: ruled that Google broke antitrust laws basically in order to

1727
01:18:25,720 --> 01:18:28,400
Speaker 2: maintain its monopoly as the go to search engine. I

1728
01:18:28,479 --> 01:18:30,680
Speaker 2: mean because Google is the go to right, if you

1729
01:18:30,720 --> 01:18:33,400
Speaker 2: think about it, everybody Googles. Nobody does anything else. There

1730
01:18:33,400 --> 01:18:35,559
Speaker 2: are alternatives like Bang and all kinds of other stuff

1731
01:18:35,560 --> 01:18:38,040
Speaker 2: which is run by Microsoft, but you hit the Google, right.

1732
01:18:38,479 --> 01:18:41,160
Speaker 2: And basically what the argument is that how Google has

1733
01:18:41,240 --> 01:18:44,600
Speaker 2: maintained has gotten into this monopolistic position and maintained it

1734
01:18:45,320 --> 01:18:47,280
Speaker 2: is by paying huge amounts of money. And when I

1735
01:18:47,280 --> 01:18:49,320
Speaker 2: say huge, I mean like tens of billions of dollars

1736
01:18:49,520 --> 01:18:52,519
Speaker 2: every single year to the likes of Apple and Sangsa,

1737
01:18:52,760 --> 01:18:55,599
Speaker 2: Samsung in order for those guys to make the default searcher. Right,

1738
01:18:55,720 --> 01:18:58,360
Speaker 2: So when you get your iPhone, you go to Search,

1739
01:18:58,520 --> 01:19:01,040
Speaker 2: it automatically takes you to Google. When you get your

1740
01:19:01,360 --> 01:19:04,280
Speaker 2: iPad or your Samsung phone, you automatically go to Google.

1741
01:19:04,320 --> 01:19:07,519
Speaker 2: And it's because Google paid them. And this is Apple

1742
01:19:07,560 --> 01:19:10,720
Speaker 2: et cetera paid them like twenty six billion dollars just

1743
01:19:10,880 --> 01:19:13,479
Speaker 2: in twenty twenty one, right, and then multiply that across

1744
01:19:13,520 --> 01:19:16,400
Speaker 2: all the years. So Judge was not stoked about that.

1745
01:19:16,520 --> 01:19:18,599
Speaker 2: Judge is also not stoked about the fact that Google

1746
01:19:18,680 --> 01:19:22,160
Speaker 2: as a habit deletes its internal messages all the time,

1747
01:19:22,600 --> 01:19:25,120
Speaker 2: and basically what the judges accused it of is trying

1748
01:19:25,160 --> 01:19:27,479
Speaker 2: to get rid of a paper trail for cases exactly

1749
01:19:27,600 --> 01:19:29,519
Speaker 2: like this. It's really hard to pin anything. We can't

1750
01:19:29,560 --> 01:19:32,920
Speaker 2: do discovery, you can't pin anything on them. They've deleted everything. Anyway,

1751
01:19:33,320 --> 01:19:36,880
Speaker 2: Judge hasn't said what punishment Google will face and what

1752
01:19:37,040 --> 01:19:39,000
Speaker 2: it will need to change about the way that it behaves.

1753
01:19:39,040 --> 01:19:41,360
Speaker 2: So what it means is we don't know what kind

1754
01:19:41,360 --> 01:19:43,439
Speaker 2: of difference it's going to make to our lives now

1755
01:19:43,520 --> 01:19:45,519
Speaker 2: that we've you know, in terms of googling and searching

1756
01:19:45,560 --> 01:19:47,599
Speaker 2: on the Internet, now that we've had this finding. Google

1757
01:19:47,720 --> 01:19:50,360
Speaker 2: is going to appeal the decision because obviously it disagrees

1758
01:19:50,400 --> 01:19:52,559
Speaker 2: with the finding. It says the reason it's so dominant

1759
01:19:52,680 --> 01:19:55,599
Speaker 2: is just because it's awesome, which is also true. Six

1760
01:19:55,680 --> 01:19:56,360
Speaker 2: to twenty three.

1761
01:19:58,360 --> 01:20:01,440
Speaker 3: The Rural Report on Duper see Allen.

1762
01:20:01,280 --> 01:20:05,640
Speaker 2: Drive right, it's five rather six twenty five And with

1763
01:20:05,760 --> 01:20:07,679
Speaker 2: us now as Jamie mckaie, Host of the Country, Hey.

1764
01:20:07,560 --> 01:20:10,320
Speaker 8: Jamie, hello cousin here. They're good to have you back.

1765
01:20:10,760 --> 01:20:13,240
Speaker 2: Thank you appreciated. What are we expecting from the GDT

1766
01:20:13,400 --> 01:20:14,120
Speaker 2: auction tonight.

1767
01:20:15,120 --> 01:20:17,840
Speaker 8: Well, I've gone to my two go tos, Emma Higgins

1768
01:20:17,920 --> 01:20:23,280
Speaker 8: and Rabobank Mike McIntire from Jardin. Look, the new season's

1769
01:20:23,360 --> 01:20:26,960
Speaker 8: kicking in. We're telling Emmitt told me that there's going

1770
01:20:27,040 --> 01:20:29,639
Speaker 8: to be the volume of powders on the platform steps

1771
01:20:29,720 --> 01:20:32,320
Speaker 8: up dramatically, So supply and demand you would have to

1772
01:20:32,400 --> 01:20:36,839
Speaker 8: think it's going to fall, interestingly, and there are predictions

1773
01:20:36,880 --> 01:20:39,200
Speaker 8: of a three or four percent drop tonight. Interestingly, the

1774
01:20:39,360 --> 01:20:43,880
Speaker 8: milk price futures have lifted from eight dollars twenty one

1775
01:20:43,960 --> 01:20:47,160
Speaker 8: this is for this season, up to eight dollars fifty two,

1776
01:20:47,240 --> 01:20:50,280
Speaker 8: and so that's off the back of a softer keyw dollar.

1777
01:20:50,360 --> 01:20:52,760
Speaker 8: So maybe a bit of short term pain, as is

1778
01:20:52,920 --> 01:20:55,720
Speaker 8: not unusual at this time of the year. But if

1779
01:20:55,800 --> 01:20:58,360
Speaker 8: we can hang in there and get eight dollars fifty two,

1780
01:20:58,439 --> 01:20:59,360
Speaker 8: I think we would take that.

1781
01:21:00,280 --> 01:21:03,479
Speaker 2: Jamie. I see the country's only organic chicken farm has

1782
01:21:03,520 --> 01:21:05,960
Speaker 2: been sold. Now that it's been sold, will it's stay organic?

1783
01:21:07,160 --> 01:21:10,000
Speaker 8: Well, I'm assuming it. Well, that's in fact, I know it. Well,

1784
01:21:10,040 --> 01:21:15,439
Speaker 8: that's what it attracted Inghams to buy it, the Chicken Giant.

1785
01:21:15,720 --> 01:21:18,080
Speaker 8: But it's a lovely story. We side story to this one.

1786
01:21:18,160 --> 01:21:18,360
Speaker 12: Heather.

1787
01:21:18,400 --> 01:21:20,479
Speaker 8: You might remember in October of last year and I

1788
01:21:20,560 --> 01:21:22,720
Speaker 8: looked up my records because I spoke to one of

1789
01:21:22,720 --> 01:21:26,320
Speaker 8: the boss Stock brothers, Ben. Now they're the only organic,

1790
01:21:26,400 --> 01:21:29,599
Speaker 8: free range chicken meat producers in the country. Ben says

1791
01:21:29,640 --> 01:21:32,240
Speaker 8: they're a small operation because they've only got a million birds.

1792
01:21:32,520 --> 01:21:35,920
Speaker 8: I guess everything's relative. But you might remember they enlisted

1793
01:21:36,000 --> 01:21:39,679
Speaker 8: the services of the New Zealand Symphony Orchestra to compose

1794
01:21:39,880 --> 01:21:43,840
Speaker 8: a chock symphony support of ethical farming. Remember that story.

1795
01:21:43,920 --> 01:21:48,599
Speaker 8: So that's the same outfit. So yeah, they're sold to Ingham's.

1796
01:21:48,680 --> 01:21:52,480
Speaker 8: They're very small. They actually look to expand the business themselves,

1797
01:21:52,640 --> 01:21:54,800
Speaker 8: but they couldn't get the capitol and they couldn't keep

1798
01:21:54,880 --> 01:21:57,559
Speaker 8: up with demand. So I guess in some ways they've

1799
01:21:57,720 --> 01:22:00,599
Speaker 8: taken the money and run, and why not on all

1800
01:22:00,640 --> 01:22:03,080
Speaker 8: the hard work. The brothers are going to remain involved

1801
01:22:03,080 --> 01:22:05,840
Speaker 8: in the business band or grow all the organic maze

1802
01:22:05,960 --> 01:22:09,600
Speaker 8: for the chicken feed. Well, George will remain involved in

1803
01:22:09,720 --> 01:22:13,000
Speaker 8: the actual chicken farming. And Heather, are we compliment from

1804
01:22:13,040 --> 01:22:15,799
Speaker 8: me to you? Good to hear you channeling your Daryl

1805
01:22:15,880 --> 01:22:18,720
Speaker 8: Kerrigan from the Castle. Tell them their dream and with

1806
01:22:18,880 --> 01:22:21,880
Speaker 8: your interview with mister Olsen. So well done.

1807
01:22:21,920 --> 01:22:23,800
Speaker 2: You are you a fan of that movie?

1808
01:22:23,880 --> 01:22:24,080
Speaker 24: Are you?

1809
01:22:24,840 --> 01:22:29,320
Speaker 8: I love it. It's just well made on a shoes

1810
01:22:29,360 --> 01:22:33,519
Speaker 8: string budget. I made a fortune. It's just a Christmas

1811
01:22:33,760 --> 01:22:34,840
Speaker 8: regular in our family.

1812
01:22:34,960 --> 01:22:35,320
Speaker 11: I love it.

1813
01:22:35,840 --> 01:22:37,400
Speaker 8: Their dreaming straight to the poll rope.

1814
01:22:37,520 --> 01:22:39,639
Speaker 2: Yeah good, I love it, Jamie. Thank you so much,

1815
01:22:39,760 --> 01:22:42,920
Speaker 2: Jamie mckaye, Host of the Country. Actually speaking of which, actually,

1816
01:22:43,080 --> 01:22:47,200
Speaker 2: actually have you watched Colin from Accounts? We need to

1817
01:22:47,280 --> 01:22:48,800
Speaker 2: you know what, we need to talk about Colin from

1818
01:22:48,800 --> 01:22:51,800
Speaker 2: Accounts on TV and Z plus for multiple reasons, and

1819
01:22:51,800 --> 01:22:53,639
Speaker 2: I'm going to talk to you about it very very shortly.

1820
01:22:54,160 --> 01:22:56,519
Speaker 2: We'll deal with Paul Bloxham first, just we'll get the

1821
01:22:56,600 --> 01:22:58,200
Speaker 2: serious stuff out of the way. We'll talk about the

1822
01:22:58,240 --> 01:23:00,400
Speaker 2: interest rates and you know, what's going on in the

1823
01:23:00,439 --> 01:23:03,559
Speaker 2: Australian economy and the New Zealand economy. And then straight

1824
01:23:03,600 --> 01:23:05,960
Speaker 2: after that we're going straight going straight down. Hell, we're

1825
01:23:05,960 --> 01:23:06,960
Speaker 2: going to talk about TV.

1826
01:23:07,240 --> 01:23:13,719
Speaker 1: Headline, crunching the numbers and getting the results. It's headed

1827
01:23:13,840 --> 01:23:16,519
Speaker 1: due for c Ellen with the Business Hours. Thanks to

1828
01:23:16,680 --> 01:23:20,280
Speaker 1: my HR, the HR platform for SME on us talks

1829
01:23:20,479 --> 01:23:22,080
Speaker 1: B Now.

1830
01:23:23,640 --> 01:23:26,280
Speaker 11: Bang this Kara myself.

1831
01:23:31,120 --> 01:23:36,040
Speaker 2: Weeks fat that's developed between Elon Musk and the UK

1832
01:23:36,200 --> 01:23:39,280
Speaker 2: Prime Minister, Sir Kia Starmer, because what's happened is following

1833
01:23:39,280 --> 01:23:40,680
Speaker 2: the rights that have been going on for like the

1834
01:23:40,720 --> 01:23:43,400
Speaker 2: best part of a week now. Elon Musk said on

1835
01:23:43,479 --> 01:23:46,479
Speaker 2: Twitter that civil war in the UK is inevitable and

1836
01:23:46,680 --> 01:23:49,080
Speaker 2: that is not a happy moment for Sir Kia, who's

1837
01:23:49,120 --> 01:23:52,040
Speaker 2: hit back saying there is no justification for that. Comments

1838
01:23:52,160 --> 01:23:53,760
Speaker 2: really got under his skin by the looks of things.

1839
01:23:53,760 --> 01:23:56,560
Speaker 2: We have a chat to Vincent mcaviney, who's our UK correspondent,

1840
01:23:56,560 --> 01:23:58,080
Speaker 2: will be with us in ten minutes time. It's coming

1841
01:23:58,160 --> 01:24:00,640
Speaker 2: up twenty three away from seven over. In Australia, the

1842
01:24:00,720 --> 01:24:03,240
Speaker 2: Reserve Bank has held the official cash rates steady at

1843
01:24:03,240 --> 01:24:06,320
Speaker 2: four point three five percent and is still not ruling

1844
01:24:06,400 --> 01:24:09,519
Speaker 2: anything in or out to control inflation now. The RBA

1845
01:24:09,640 --> 01:24:12,640
Speaker 2: Board said inflation in underlying terms remains too high. The

1846
01:24:12,720 --> 01:24:15,240
Speaker 2: latest projection show that it will be sometime yet before

1847
01:24:15,280 --> 01:24:18,360
Speaker 2: inflation is sustainably in the target range. And Paul Bloxham's

1848
01:24:18,439 --> 01:24:20,720
Speaker 2: hspc's chief economist with us to talk us through it. Hey,

1849
01:24:20,760 --> 01:24:24,400
Speaker 2: Paul good Now they thought about hiking today, why didn't

1850
01:24:24,400 --> 01:24:24,760
Speaker 2: they hike.

1851
01:24:25,960 --> 01:24:26,439
Speaker 8: Well, this is it.

1852
01:24:26,560 --> 01:24:28,320
Speaker 20: They did think about it, which is quite something when

1853
01:24:28,360 --> 01:24:30,439
Speaker 20: you think about it, because across the rest of the world,

1854
01:24:30,479 --> 01:24:33,160
Speaker 20: of course, we're watching central banks cutting interest rates at

1855
01:24:33,200 --> 01:24:36,280
Speaker 20: the moment. But yes, as you say, they left their

1856
01:24:36,320 --> 01:24:39,000
Speaker 20: policy right on hold today, and the governor noted that

1857
01:24:39,400 --> 01:24:41,479
Speaker 20: they did consider lifting them, but they decided to leave

1858
01:24:41,479 --> 01:24:41,920
Speaker 20: them on hold.

1859
01:24:41,920 --> 01:24:42,920
Speaker 24: Why did they leave them on hole?

1860
01:24:43,000 --> 01:24:46,320
Speaker 20: Because well, they got an inflation number last week that

1861
01:24:46,520 --> 01:24:50,760
Speaker 20: was just weak enough, just weak enough to keep them

1862
01:24:50,800 --> 01:24:54,280
Speaker 20: from lifting interest rates. It shows that underlying inflation the

1863
01:24:54,360 --> 01:24:56,800
Speaker 20: thing they focus on the most. The trim mean did

1864
01:24:57,040 --> 01:24:59,840
Speaker 20: edge slightly lower in the second quarter relative to the first,

1865
01:25:00,520 --> 01:25:02,600
Speaker 20: but it's still running at three point nine percent, and

1866
01:25:02,680 --> 01:25:05,120
Speaker 20: the RBA targets two and a half, so there's still

1867
01:25:05,160 --> 01:25:06,840
Speaker 20: a long way above where they need to be. So

1868
01:25:07,360 --> 01:25:09,360
Speaker 20: it was just enough to get them to remain on

1869
01:25:09,439 --> 01:25:12,439
Speaker 20: hold and not lift interest rates, but certainly not enough

1870
01:25:12,800 --> 01:25:15,479
Speaker 20: for them to consider cutting interest rates yet. And that

1871
01:25:15,680 --> 01:25:17,880
Speaker 20: was the big thing that the governor went through at

1872
01:25:17,880 --> 01:25:20,559
Speaker 20: the press conference. She noted that, you know, a near

1873
01:25:20,720 --> 01:25:23,400
Speaker 20: term interest rate cut is just not on the cards

1874
01:25:23,439 --> 01:25:23,920
Speaker 20: at the moment.

1875
01:25:24,280 --> 01:25:27,120
Speaker 2: Yeah, I mean increasingly. I remember it was like February

1876
01:25:27,160 --> 01:25:28,880
Speaker 2: March this year, so five or six months ago, and

1877
01:25:28,920 --> 01:25:31,160
Speaker 2: you were saying absolutely no cuts this year, and increasingly

1878
01:25:31,200 --> 01:25:32,160
Speaker 2: you'll been proven rights.

1879
01:25:32,280 --> 01:25:32,400
Speaker 24: Right.

1880
01:25:33,720 --> 01:25:36,639
Speaker 20: Ah, I think that sounds about right, that sounds good.

1881
01:25:36,720 --> 01:25:36,920
Speaker 14: Yes.

1882
01:25:37,000 --> 01:25:39,400
Speaker 20: No, we've had a view since the big tail end

1883
01:25:39,400 --> 01:25:41,439
Speaker 20: of last year, since the end of twenty twenty three,

1884
01:25:41,800 --> 01:25:43,840
Speaker 20: that the RBA wasn't going to be cutting interest rates

1885
01:25:43,880 --> 01:25:47,280
Speaker 20: in twenty twenty four. That the pathway that they'd chosen,

1886
01:25:47,560 --> 01:25:50,040
Speaker 20: and this is really it quite explicitly chosen. They had

1887
01:25:50,360 --> 01:25:53,320
Speaker 20: lifted interest rates by less than everyone else. And we

1888
01:25:53,640 --> 01:25:55,439
Speaker 20: know that they lifted interest rates by four hundred and

1889
01:25:55,479 --> 01:25:57,640
Speaker 20: twenty five basis points, whereas, for example, the RB and

1890
01:25:57,680 --> 01:25:59,920
Speaker 20: Z went five twenty five, and so did the US

1891
01:26:00,080 --> 01:26:02,120
Speaker 20: Federal Reserve. So the list of interest rates by left.

1892
01:26:02,360 --> 01:26:04,479
Speaker 20: They started a bit later than everyone else. They didn't

1893
01:26:04,479 --> 01:26:06,880
Speaker 20: start till May of twenty twenty two and so.

1894
01:26:07,439 --> 01:26:08,479
Speaker 25: And they did this on purpose.

1895
01:26:08,520 --> 01:26:10,880
Speaker 20: They did this to try to keep the economy as

1896
01:26:11,000 --> 01:26:13,960
Speaker 20: close to full employment as possible. They wanted to keep

1897
01:26:14,000 --> 01:26:16,080
Speaker 20: supporting it, didn't want growth to slow too much. They

1898
01:26:16,120 --> 01:26:17,640
Speaker 20: wanted to slow, but they didn't want to tip into

1899
01:26:17,640 --> 01:26:21,720
Speaker 20: a recession. Accepting that in doing that, it would take

1900
01:26:21,840 --> 01:26:25,000
Speaker 20: longer for inflation to come down, and so the explicit

1901
01:26:25,439 --> 01:26:28,360
Speaker 20: pathway they've chosen is one where they thought that inflation

1902
01:26:28,439 --> 01:26:30,920
Speaker 20: would take longer to come down, and they traded it

1903
01:26:31,000 --> 01:26:33,439
Speaker 20: off against staying close to full employment. So with all

1904
01:26:33,479 --> 01:26:36,240
Speaker 20: of that in mind, inflation has come down more slowly,

1905
01:26:36,320 --> 01:26:38,640
Speaker 20: it turns out, and so the IRBA isn't able to

1906
01:26:38,720 --> 01:26:41,040
Speaker 20: cut yet, and so rate cuts we don't think are

1907
01:26:41,080 --> 01:26:43,400
Speaker 20: going to happen until next year. That's our that's been

1908
01:26:43,439 --> 01:26:44,200
Speaker 20: our central case.

1909
01:26:44,439 --> 01:26:47,599
Speaker 2: So over in New Zealand, there is increasing pressure from

1910
01:26:47,640 --> 01:26:50,439
Speaker 2: a couple of banks on our Reserve Bank to actually

1911
01:26:50,479 --> 01:26:53,080
Speaker 2: cut next week because what their argument is is that

1912
01:26:53,160 --> 01:26:54,800
Speaker 2: it takes about eighteen months for it to flow through

1913
01:26:54,840 --> 01:26:56,640
Speaker 2: to the economy, may as well get started. Now, what

1914
01:26:56,680 --> 01:26:57,120
Speaker 2: do you think.

1915
01:26:58,040 --> 01:27:01,000
Speaker 20: I think it's very very much a lie decision what

1916
01:27:01,160 --> 01:27:04,240
Speaker 20: happens with the rbn Z. I think the RBNZ took

1917
01:27:04,240 --> 01:27:06,560
Speaker 20: a very different approach to what I've just described that

1918
01:27:06,680 --> 01:27:09,719
Speaker 20: the RBA did. The rbns had lifted interest rates earlier,

1919
01:27:10,000 --> 01:27:13,639
Speaker 20: they lifted them by more. New Zealand economy has tipped

1920
01:27:13,680 --> 01:27:16,479
Speaker 20: into a downturn. You've had two in the past six quarters.

1921
01:27:16,520 --> 01:27:20,040
Speaker 20: You've had four quarters where GDP was actually falling, the

1922
01:27:20,120 --> 01:27:22,080
Speaker 20: labor markets starting to loosen up as well. I think

1923
01:27:22,120 --> 01:27:24,560
Speaker 20: the case is getting stronger for the RB and Z

1924
01:27:24,760 --> 01:27:27,040
Speaker 20: to be able to cut interest rates fairly soon. Actually,

1925
01:27:27,360 --> 01:27:30,200
Speaker 20: the critical thing that's really going to be important here,

1926
01:27:30,240 --> 01:27:32,840
Speaker 20: I think is tomorrow morning we get some employment numbers,

1927
01:27:32,880 --> 01:27:35,599
Speaker 20: and those employment numbers will be one of the key factors.

1928
01:27:35,640 --> 01:27:39,000
Speaker 20: I think that goes into working out whether actually the

1929
01:27:39,120 --> 01:27:41,200
Speaker 20: rbn Z is cutting rates a little later this year

1930
01:27:41,320 --> 01:27:44,040
Speaker 20: or maybe even as soon as tomorrow, that that will

1931
01:27:44,080 --> 01:27:46,479
Speaker 20: be critical for the story. So I think we're getting

1932
01:27:46,560 --> 01:27:49,360
Speaker 20: very close to an RB and Z cut coming through

1933
01:27:49,479 --> 01:27:50,080
Speaker 20: fairly soon.

1934
01:27:50,400 --> 01:27:50,599
Speaker 23: Yay.

1935
01:27:50,880 --> 01:27:52,639
Speaker 2: How good is that? Paul? Thank you very much, really

1936
01:27:52,640 --> 01:27:53,880
Speaker 2: appreciate it. Talk to you in a couple of weeks.

1937
01:27:53,880 --> 01:27:57,440
Speaker 2: It's Paul Bloxham, HSBC's chief economist. Twenty away from seven.

1938
01:27:58,040 --> 01:27:59,920
Speaker 3: Ever do for z Ellens give a column.

1939
01:28:00,120 --> 01:28:03,240
Speaker 2: Accounts is brilliant, especially the first series Love your Drive show,

1940
01:28:03,360 --> 01:28:06,080
Speaker 2: Thank you Allison. So yeah, Colin from Accounts. So the

1941
01:28:06,120 --> 01:28:08,439
Speaker 2: boss said to me, was because I finished watching Loot

1942
01:28:08,840 --> 01:28:11,320
Speaker 2: on Apple TV, which has got Maya Rudolphin and I

1943
01:28:11,439 --> 01:28:14,320
Speaker 2: highly recommend that that actually was a good time. So

1944
01:28:14,360 --> 01:28:15,360
Speaker 2: when I got to the end of that and I

1945
01:28:15,400 --> 01:28:16,880
Speaker 2: said to the boss, well, now what do I do?

1946
01:28:17,160 --> 01:28:18,479
Speaker 2: What's the thing And he was like, oh, watch Colin

1947
01:28:18,479 --> 01:28:20,320
Speaker 2: from Accounts, right, And so everybody thinks I it'll be

1948
01:28:20,360 --> 01:28:22,080
Speaker 2: like an Office Space show. No, it's not at all.

1949
01:28:22,439 --> 01:28:25,559
Speaker 2: Colin from Accounts is the story of a dog called

1950
01:28:25,600 --> 01:28:28,840
Speaker 2: Colin from Accounts that gets hit by two people who

1951
01:28:28,880 --> 01:28:31,080
Speaker 2: don't know each other, like hitting the car. She's walking

1952
01:28:31,080 --> 01:28:33,640
Speaker 2: across the road, he hits her, hits the dog. They

1953
01:28:33,720 --> 01:28:35,120
Speaker 2: take the dog to the vet and they call it

1954
01:28:35,200 --> 01:28:37,960
Speaker 2: Colin from Accounts and from based on that, it's the

1955
01:28:38,040 --> 01:28:41,639
Speaker 2: story of their relationship around the dog, et cetera, et cetera. Anyway,

1956
01:28:41,640 --> 01:28:44,519
Speaker 2: it's made by the Australians. It's flipping a good time.

1957
01:28:44,800 --> 01:28:47,040
Speaker 2: It's a really really good time. And actually, can I

1958
01:28:47,160 --> 01:28:50,559
Speaker 2: use this opportunity to just offer an apology to TV

1959
01:28:50,640 --> 01:28:52,640
Speaker 2: and Z plus because I think giving TVNZ plus the

1960
01:28:52,720 --> 01:28:56,000
Speaker 2: biggest amount of grief for being this crappy streaming service.

1961
01:28:56,160 --> 01:28:58,840
Speaker 2: Actually it's not at all. There is just like a

1962
01:28:58,960 --> 01:29:01,880
Speaker 2: bunch of great con on TV and Z plus. The

1963
01:29:02,040 --> 01:29:05,360
Speaker 2: problem is nobody knows this because I don't know what's

1964
01:29:05,400 --> 01:29:06,960
Speaker 2: going on at TV and Z but they haven't figured

1965
01:29:06,960 --> 01:29:09,200
Speaker 2: out how to tell us to go and watch the

1966
01:29:09,240 --> 01:29:11,800
Speaker 2: stuff on there because it's awesome, and it's only when

1967
01:29:11,840 --> 01:29:13,000
Speaker 2: we watch it that they're going to be able to

1968
01:29:13,040 --> 01:29:14,920
Speaker 2: make money of us watching it, so they can actually

1969
01:29:14,920 --> 01:29:17,120
Speaker 2: stop firing people. But anyway, that's for them to figure out.

1970
01:29:17,160 --> 01:29:20,280
Speaker 2: I'm not into I'm not a marketing expert anyway. While

1971
01:29:20,320 --> 01:29:23,519
Speaker 2: I'm watching Colin from Accounts, the thing that like it

1972
01:29:23,680 --> 01:29:27,479
Speaker 2: is a hope a minute, right, think what was the

1973
01:29:27,520 --> 01:29:30,320
Speaker 2: show that had look at me Kath and Kim, Think

1974
01:29:30,479 --> 01:29:33,960
Speaker 2: Kath and Kim, but less ridiculous, a lot more like

1975
01:29:34,120 --> 01:29:36,560
Speaker 2: real life, but very funny all the way through. Or

1976
01:29:36,640 --> 01:29:40,120
Speaker 2: think Think the Castle, also kind of less ridiculous, but

1977
01:29:40,280 --> 01:29:41,960
Speaker 2: just very funny. You know how they became kind of

1978
01:29:42,000 --> 01:29:45,240
Speaker 2: cult programs and Summer Heights High like just really funny

1979
01:29:45,280 --> 01:29:47,519
Speaker 2: the whole. Like I had to rewind it so many

1980
01:29:47,600 --> 01:29:49,880
Speaker 2: times to go back and look at something that they

1981
01:29:49,920 --> 01:29:51,840
Speaker 2: had done because it was so hysterical. I couldn't I

1982
01:29:51,880 --> 01:29:53,920
Speaker 2: couldn't focus the first time around. And the thing that

1983
01:29:54,000 --> 01:29:55,640
Speaker 2: I was watching thinking about when I was watching it

1984
01:29:55,800 --> 01:29:58,920
Speaker 2: is why are the Aussies so good at making these shows?

1985
01:29:59,400 --> 01:30:02,160
Speaker 2: And we are I contrast, not as good, because yes,

1986
01:30:02,240 --> 01:30:04,400
Speaker 2: we do make some excellent shows. I mean Far North

1987
01:30:04,560 --> 01:30:07,160
Speaker 2: was great with Tim Morrison and Robin Malcolm in it,

1988
01:30:07,400 --> 01:30:10,320
Speaker 2: and apparently After the Party with Robin Malcolm is fantastic.

1989
01:30:10,640 --> 01:30:12,800
Speaker 2: And you have got a bunch of really good filmmakers

1990
01:30:12,840 --> 01:30:15,640
Speaker 2: and stuff Reye Darby and Tiger Whitzity and stuff like that.

1991
01:30:15,840 --> 01:30:18,479
Speaker 2: But it's not consistently good, is it, whereas the Aussie's

1992
01:30:18,520 --> 01:30:20,640
Speaker 2: just pumping out good content the whole time. Anyway, I

1993
01:30:20,760 --> 01:30:22,720
Speaker 2: was just wondering, why is it that the Aussies are

1994
01:30:22,760 --> 01:30:25,000
Speaker 2: so good at this content and we are not as

1995
01:30:25,040 --> 01:30:26,760
Speaker 2: good at this content? And does it just come down

1996
01:30:26,800 --> 01:30:28,800
Speaker 2: to I was chatting to a friend of mine when

1997
01:30:28,800 --> 01:30:32,000
Speaker 2: we were overseas last week. Yeah I know, I traveled

1998
01:30:32,840 --> 01:30:34,240
Speaker 2: and I said to her, I think it's just great.

1999
01:30:34,240 --> 01:30:37,840
Speaker 2: It just comes down to population size. We just haven't

2000
01:30:37,840 --> 01:30:41,080
Speaker 2: got enough people to actually be like funny enough, to

2001
01:30:41,160 --> 01:30:43,040
Speaker 2: have enough funny people to actually be funny enough. But

2002
01:30:43,120 --> 01:30:44,840
Speaker 2: she said, no, the problem is actually we're too woke

2003
01:30:45,280 --> 01:30:47,439
Speaker 2: because over here we're just worried about offending people the

2004
01:30:47,479 --> 01:30:49,280
Speaker 2: old time, and the Australians don't care to just go

2005
01:30:49,400 --> 01:30:51,880
Speaker 2: hell for leather with it, making it much more funny anyway.

2006
01:30:51,920 --> 01:30:54,200
Speaker 2: I don't know what it is, but get yourself involved

2007
01:30:54,240 --> 01:30:57,000
Speaker 2: in some ossie television. It's excellent. I can recommend Colin

2008
01:30:57,040 --> 01:31:00,160
Speaker 2: from Accounts on TVNZ plus as it turns out being

2009
01:31:00,200 --> 01:31:01,040
Speaker 2: Away from Seven.

2010
01:31:01,000 --> 01:31:05,160
Speaker 1: Whether it's Macro micro or just playing economics, it's all

2011
01:31:05,240 --> 01:31:08,840
Speaker 1: on the Business Hour with Heather Duplicy, Allen and my HR,

2012
01:31:09,240 --> 01:31:11,800
Speaker 1: the HR platform for sme us talk SIB.

2013
01:31:12,080 --> 01:31:14,200
Speaker 2: Hither the two leads in Colin from Accounts are married

2014
01:31:14,240 --> 01:31:16,160
Speaker 2: in real life. I know that makes it even better.

2015
01:31:16,600 --> 01:31:18,479
Speaker 2: Hither on one hundred percent spot on about TV and

2016
01:31:18,520 --> 01:31:20,479
Speaker 2: Z plus loads of good stuff and Colin from Accounts

2017
01:31:20,479 --> 01:31:22,600
Speaker 2: is brilliant. And yes, our comedy is cringing comparison. Do

2018
01:31:22,600 --> 01:31:24,720
Speaker 2: you know what the German made? The point which I

2019
01:31:24,760 --> 01:31:27,000
Speaker 2: think has bang on. All of our comedy is exactly

2020
01:31:27,080 --> 01:31:28,760
Speaker 2: the same. And it was really great at the start.

2021
01:31:28,840 --> 01:31:32,200
Speaker 2: But get a new trick because it gets tired a

2022
01:31:32,360 --> 01:31:36,560
Speaker 2: like I love re Staby, love taikaway TT, but I

2023
01:31:36,680 --> 01:31:38,680
Speaker 2: wouldn't mind if they just changed their gag just a

2024
01:31:38,760 --> 01:31:41,679
Speaker 2: little bit every now and again. Thirteen Away from Seven.

2025
01:31:41,760 --> 01:31:43,640
Speaker 2: Vincent mcavhinnie is our UK correspondent.

2026
01:31:43,640 --> 01:31:45,920
Speaker 3: A Vincent Good morning, good afternoon.

2027
01:31:45,800 --> 01:31:48,680
Speaker 2: Why is Kirstarmer so prickly about Elon Musk saying that

2028
01:31:48,760 --> 01:31:49,879
Speaker 2: civil war is inevitable.

2029
01:31:52,200 --> 01:31:55,799
Speaker 28: Well, what we've seen on social media, particularly on as

2030
01:31:56,720 --> 01:32:00,479
Speaker 28: formerly Twitter, is a lot of unverified video flying about,

2031
01:32:00,560 --> 01:32:03,880
Speaker 28: but also a lot of far right accounts who have

2032
01:32:04,040 --> 01:32:07,599
Speaker 28: been trying to encourage people to take to the streets

2033
01:32:07,640 --> 01:32:09,960
Speaker 28: to conduct this violent thuggery that has been going on

2034
01:32:10,040 --> 01:32:15,320
Speaker 28: across the UK, and Starma obviously is trying to get

2035
01:32:15,320 --> 01:32:17,439
Speaker 28: a grip on this. He's a new prime minister. Elon

2036
01:32:17,520 --> 01:32:20,599
Speaker 28: Musk has been reacting though to directly to accounts, one

2037
01:32:20,640 --> 01:32:24,120
Speaker 28: in particular europe Invasion, which is a far right European

2038
01:32:24,320 --> 01:32:29,680
Speaker 28: website that spreads disinformation very clearly does so along as

2039
01:32:29,760 --> 01:32:33,280
Speaker 28: some other far right accounts, and he also posted a

2040
01:32:33,320 --> 01:32:37,040
Speaker 28: comment saying that civil war is inevitable under a video

2041
01:32:37,439 --> 01:32:41,680
Speaker 28: of violent rights in Liverpool. Now, understandably Kiir Starmer is

2042
01:32:42,000 --> 01:32:44,680
Speaker 28: not happy with this kind of commentary. We are far

2043
01:32:44,840 --> 01:32:47,240
Speaker 28: from civil war in this country, to be fair to

2044
01:32:47,360 --> 01:32:51,439
Speaker 28: Kios Starmer, but a spokesperson for the Prime Minister said

2045
01:32:51,439 --> 01:32:54,400
Speaker 28: that the violence had come from a small minority of

2046
01:32:54,439 --> 01:32:56,960
Speaker 28: people who do not speak for Britain, and the Prime

2047
01:32:57,000 --> 01:33:00,560
Speaker 28: Minister did not share the sentiments of the billionaire. So

2048
01:33:00,720 --> 01:33:02,320
Speaker 28: this is I think something we're going to see in

2049
01:33:02,320 --> 01:33:04,560
Speaker 28: the next few days. Actually, this might be sort of

2050
01:33:05,040 --> 01:33:07,519
Speaker 28: Elon must trying to pick a fight before he knows

2051
01:33:07,600 --> 01:33:09,679
Speaker 28: one is coming, because we're likely to have the heads

2052
01:33:09,680 --> 01:33:13,920
Speaker 28: of social media companies, whether it's Twitter, whether it's you know, Meta,

2053
01:33:14,520 --> 01:33:16,840
Speaker 28: being hauled into Downing Street to be asked about what

2054
01:33:16,880 --> 01:33:19,639
Speaker 28: they're doing, because it is a crime in this country

2055
01:33:19,720 --> 01:33:24,360
Speaker 28: to incite racial hatred, both online and in person, and

2056
01:33:24,439 --> 01:33:26,040
Speaker 28: so I think they're going to be asked about how

2057
01:33:26,120 --> 01:33:29,400
Speaker 28: they've operated in the last week since this tragedy in Southport.

2058
01:33:29,720 --> 01:33:32,120
Speaker 2: Are you guys expecting it to continue for another day?

2059
01:33:34,080 --> 01:33:36,439
Speaker 28: Well, we had had a quiety day on Monday, but

2060
01:33:36,600 --> 01:33:40,880
Speaker 28: overnight there has been rioting or sort of this kind

2061
01:33:40,920 --> 01:33:44,479
Speaker 28: of violence again in Plymouth that's spread there for the

2062
01:33:44,560 --> 01:33:46,640
Speaker 28: first time, and then it's also been taking place in

2063
01:33:46,760 --> 01:33:50,080
Speaker 28: Belfast and Darlington. The intelligence the police had was that

2064
01:33:50,200 --> 01:33:53,840
Speaker 28: there was set to be a spike on Wednesday, but

2065
01:33:54,080 --> 01:33:54,920
Speaker 28: we will see that.

2066
01:33:55,040 --> 01:33:55,200
Speaker 12: You know.

2067
01:33:55,280 --> 01:33:58,639
Speaker 28: What is starting to happen now is people have been

2068
01:33:58,720 --> 01:34:00,960
Speaker 28: in court for the first time. They their first appearance

2069
01:34:01,000 --> 01:34:03,799
Speaker 28: in magistrates court. Some of them have been slightly shocked

2070
01:34:03,880 --> 01:34:06,719
Speaker 28: that they are not being granted any form of bail,

2071
01:34:07,479 --> 01:34:10,200
Speaker 28: that they are having to be remanded in custody. And

2072
01:34:10,240 --> 01:34:12,519
Speaker 28: I think maybe if word gets out that not only

2073
01:34:12,600 --> 01:34:16,960
Speaker 28: are people being remanded in custody until hearings, until trials,

2074
01:34:17,320 --> 01:34:19,840
Speaker 28: which in this country have a huge backlog because of

2075
01:34:20,200 --> 01:34:23,040
Speaker 28: what's going on in our justice system, and they're also

2076
01:34:23,120 --> 01:34:25,720
Speaker 28: looking at facing the toughest of sentencings because that's what's

2077
01:34:25,760 --> 01:34:28,599
Speaker 28: happened recently to climate protesters. That just stop oil people

2078
01:34:28,960 --> 01:34:32,040
Speaker 28: getting maximum prescribed sentences. And I think that that is

2079
01:34:32,160 --> 01:34:34,320
Speaker 28: the message coming out from the government that they want

2080
01:34:34,400 --> 01:34:37,200
Speaker 28: to see as much as possible tough sentencing.

2081
01:34:38,240 --> 01:34:40,519
Speaker 2: Listen, I see that the government with you guys, has

2082
01:34:40,560 --> 01:34:42,360
Speaker 2: told the citizens to leave liber On. How many of

2083
01:34:42,400 --> 01:34:43,120
Speaker 2: them are there.

2084
01:34:44,720 --> 01:34:47,559
Speaker 28: Yeah, I mean there's a couple a couple of hundreds

2085
01:34:47,600 --> 01:34:51,000
Speaker 28: of British citizens we think in Lebanon, and that is

2086
01:34:51,080 --> 01:34:54,880
Speaker 28: the word from the UK government. That is what others

2087
01:34:55,240 --> 01:34:58,439
Speaker 28: have said now, the US as well Ireland, all in

2088
01:34:58,520 --> 01:35:05,360
Speaker 28: anticipation of potentially a widening conflict between Israel and Hesbala

2089
01:35:05,760 --> 01:35:09,479
Speaker 28: and Iran. We know back in April Iran struck, but

2090
01:35:09,600 --> 01:35:12,120
Speaker 28: the US and a coalition of the UK, France and

2091
01:35:12,200 --> 01:35:16,479
Speaker 28: others managed to sort of effectively thwart entire attack. The US,

2092
01:35:16,640 --> 01:35:19,439
Speaker 28: behind the scenes diplomatically is trying to rebuild that coalition

2093
01:35:19,640 --> 01:35:22,679
Speaker 28: somewhat and as moving more defense assets into the region.

2094
01:35:23,320 --> 01:35:25,400
Speaker 28: But it does seem like we might not get the

2095
01:35:25,439 --> 01:35:29,200
Speaker 28: same kind of warnings that we got of that strike

2096
01:35:29,360 --> 01:35:33,760
Speaker 28: from Iran and from sources, and so the UK sort

2097
01:35:33,760 --> 01:35:36,439
Speaker 28: of following others now and saying that really, if you

2098
01:35:36,520 --> 01:35:38,360
Speaker 28: don't need to be in that country, it's time to

2099
01:35:38,400 --> 01:35:40,520
Speaker 28: get out because the situation is too unpredictable.

2100
01:35:40,760 --> 01:35:42,360
Speaker 2: What do you make this new bank sat.

2101
01:35:44,240 --> 01:35:48,080
Speaker 28: It's pretty good actually it's appeared in West London. It's

2102
01:35:48,120 --> 01:35:50,800
Speaker 28: sort of the end of a property. Seems to quite

2103
01:35:50,840 --> 01:35:54,080
Speaker 28: like doing things at the moment that sort of gable

2104
01:35:54,200 --> 01:35:56,960
Speaker 28: ends that have properties that's been as modus recently. I

2105
01:35:57,000 --> 01:36:00,519
Speaker 28: think they're slightly harder to remove. Perhaps there is a

2106
01:36:00,600 --> 01:36:03,400
Speaker 28: sort of support struck that juts out from the building

2107
01:36:03,520 --> 01:36:06,519
Speaker 28: somewhat and then on top of it he has posted

2108
01:36:06,680 --> 01:36:09,400
Speaker 28: he's sort of done his spray painting of what looks

2109
01:36:09,400 --> 01:36:11,360
Speaker 28: to be a sort of a billy goat, you know,

2110
01:36:11,520 --> 01:36:14,040
Speaker 28: teetering on it with some rocks falling off and he'd

2111
01:36:14,040 --> 01:36:18,679
Speaker 28: also pointed a CCTV camera which was there. He pointed

2112
01:36:18,720 --> 01:36:21,360
Speaker 28: it up towards the goat. We understand that's now been

2113
01:36:21,680 --> 01:36:23,320
Speaker 28: pointed back down to the owner as to where it

2114
01:36:23,400 --> 01:36:24,240
Speaker 28: needs to point at.

2115
01:36:24,880 --> 01:36:25,840
Speaker 3: But yeah, it's pretty good.

2116
01:36:25,880 --> 01:36:29,080
Speaker 28: It's by q Bridge in Richmond, and you know he's

2117
01:36:29,120 --> 01:36:31,080
Speaker 28: sort of done a lot of political stuff recently, but

2118
01:36:31,200 --> 01:36:32,680
Speaker 28: this just seems to be sort of a quite a

2119
01:36:32,720 --> 01:36:35,320
Speaker 28: classic thanks he which is just sort of a little

2120
01:36:35,360 --> 01:36:36,519
Speaker 28: bit of an animal humor.

2121
01:36:37,320 --> 01:36:39,519
Speaker 2: Vincent's so good to talk to you really appreciated about.

2122
01:36:39,520 --> 01:36:42,240
Speaker 2: That's Vincent mcavinnie, our UK correspondent this evening go Away

2123
01:36:42,240 --> 01:36:42,679
Speaker 2: from seven.

2124
01:36:43,280 --> 01:36:47,120
Speaker 1: Whether it's macro micro or just plain economics, it's all

2125
01:36:47,240 --> 01:36:50,840
Speaker 1: on a Business Hour with Hither duplicy Ellen and my HR,

2126
01:36:51,200 --> 01:36:56,200
Speaker 1: the HR platform for SMESP. If it's to do with money,

2127
01:36:56,479 --> 01:36:59,840
Speaker 1: it matters to you, The Business Hour with hither do

2128
01:37:00,080 --> 01:37:03,280
Speaker 1: to see Allen and my HR, the HR platform for

2129
01:37:03,439 --> 01:37:04,280
Speaker 1: sme us.

2130
01:37:04,240 --> 01:37:06,240
Speaker 2: Talk said b yea that you need to watch A

2131
01:37:06,320 --> 01:37:08,519
Speaker 2: Man in full on Netflix because the final scene in

2132
01:37:08,600 --> 01:37:11,360
Speaker 2: the last episode puts that French pole vaulted to shame. Well,

2133
01:37:11,560 --> 01:37:14,120
Speaker 2: thank you. I think all the ladies have just decided

2134
01:37:14,200 --> 01:37:15,680
Speaker 2: let me just get my notepad out. What was it

2135
01:37:15,720 --> 01:37:19,280
Speaker 2: called a man in full on Netflix? I shall this

2136
01:37:19,479 --> 01:37:23,200
Speaker 2: is a welcome a welcome development. Dominic Perete, who's the

2137
01:37:23,240 --> 01:37:25,360
Speaker 2: former New South Wales premier, who was there part of

2138
01:37:25,360 --> 01:37:29,360
Speaker 2: the way through after Gladys left. Remember Gladys left and

2139
01:37:29,479 --> 01:37:31,479
Speaker 2: in a bit of disgrace because she was having an

2140
01:37:31,479 --> 01:37:33,120
Speaker 2: affair with old May and he was a bit corrupt

2141
01:37:33,160 --> 01:37:34,960
Speaker 2: and I's got mes see and then Dominic had to

2142
01:37:34,960 --> 01:37:37,240
Speaker 2: step in and so he ran the show. During COVID

2143
01:37:37,520 --> 01:37:41,760
Speaker 2: he's just doing his farewell speech to Parliament. He's just conceded, Yep,

2144
01:37:41,920 --> 01:37:46,320
Speaker 2: COVID vaccines saved lives, but mandates were wrong, thank you, Dominic,

2145
01:37:46,600 --> 01:37:49,160
Speaker 2: Yes they were. And here's hoping there are some adults

2146
01:37:49,200 --> 01:37:50,960
Speaker 2: in the Labor Party who might also be able to

2147
01:37:51,000 --> 01:37:53,360
Speaker 2: say the same things out loud. Now, Malcolm sent me

2148
01:37:53,400 --> 01:37:55,000
Speaker 2: an email last night and I was just going through

2149
01:37:55,000 --> 01:37:56,880
Speaker 2: my emails now I came in at eight fifty nine.

2150
01:37:57,880 --> 01:38:00,960
Speaker 2: This has just thrown my world into turmoil. Malcolm said

2151
01:38:01,000 --> 01:38:02,840
Speaker 2: to me, it's great to hear my voice on the

2152
01:38:02,920 --> 01:38:05,360
Speaker 2: air again, but he needs to deal with the pronunciation

2153
01:38:05,560 --> 01:38:09,759
Speaker 2: of the river in Paris In English, this is pronounced

2154
01:38:09,920 --> 01:38:13,080
Speaker 2: sane now, Ants will be my witness to the fact

2155
01:38:13,120 --> 01:38:15,120
Speaker 2: that I have said, I've talked to the German and

2156
01:38:15,200 --> 01:38:17,080
Speaker 2: this is where she's let me down because she's not

2157
01:38:17,200 --> 01:38:20,400
Speaker 2: English as she she is German. So I have said

2158
01:38:20,439 --> 01:38:24,679
Speaker 2: to her, some people have a block of pronunciation of words.

2159
01:38:24,760 --> 01:38:26,800
Speaker 2: Right for her, it's coalition, Like I have to listen

2160
01:38:26,840 --> 01:38:28,720
Speaker 2: to this all the time, the coalition government. I'm like,

2161
01:38:28,760 --> 01:38:30,840
Speaker 2: it's not a coalition, it's a coalition. Can you please

2162
01:38:30,960 --> 01:38:33,640
Speaker 2: just say no? You can't mental blockage. And I have

2163
01:38:33,720 --> 01:38:36,400
Speaker 2: a mental blockage about the pronunciation of the river in Paris,

2164
01:38:36,439 --> 01:38:39,439
Speaker 2: which I try my hardest never to say it out loud.

2165
01:38:39,479 --> 01:38:41,680
Speaker 2: And I've said to her, why is it? Is it

2166
01:38:41,760 --> 01:38:44,240
Speaker 2: the sin or the sain? No, it's the sin. It's

2167
01:38:44,320 --> 01:38:45,280
Speaker 2: the sin. It's the sin.

2168
01:38:45,360 --> 01:38:45,760
Speaker 11: Am I right?

2169
01:38:45,840 --> 01:38:46,080
Speaker 2: Ants?

2170
01:38:46,240 --> 01:38:48,120
Speaker 13: I actually backed her up on that, and I still

2171
01:38:48,200 --> 01:38:50,360
Speaker 13: do as well. I mean, it is in Paris, It's

2172
01:38:50,439 --> 01:38:51,360
Speaker 13: it's a French word.

2173
01:38:51,600 --> 01:38:56,080
Speaker 2: Oh I'm sorry? Is it in Paris? In Paris we

2174
01:38:56,240 --> 01:38:57,479
Speaker 2: are sing English?

2175
01:38:57,560 --> 01:38:57,760
Speaker 17: Though?

2176
01:38:58,280 --> 01:38:59,680
Speaker 13: Does that mean we get to pronounce their words and

2177
01:38:59,720 --> 01:39:01,960
Speaker 13: correct I don't think so. I mean, it's the sin.

2178
01:39:02,160 --> 01:39:04,400
Speaker 2: Are you going to be that clown who walks around

2179
01:39:04,439 --> 01:39:06,240
Speaker 2: this office talking about putty.

2180
01:39:06,800 --> 01:39:07,040
Speaker 11: No one.

2181
01:39:07,160 --> 01:39:09,760
Speaker 13: No one has gotten confused about which river we're talking about, right,

2182
01:39:09,800 --> 01:39:12,080
Speaker 13: No one's worried about No one's worried about whether people

2183
01:39:12,080 --> 01:39:12,720
Speaker 13: are summing.

2184
01:39:12,479 --> 01:39:14,240
Speaker 2: The you two make me look like more of a

2185
01:39:14,320 --> 01:39:17,200
Speaker 2: dickhead than I already look like. It's not helpful, is it.

2186
01:39:17,680 --> 01:39:19,120
Speaker 2: So are we going to go with saying.

2187
01:39:18,960 --> 01:39:21,080
Speaker 13: Now, well, apparently I was going to say, we kin'd

2188
01:39:21,120 --> 01:39:22,439
Speaker 13: of looking like a ticket? Can we hear it?

2189
01:39:22,720 --> 01:39:24,600
Speaker 2: Well, I've already do. I just said more of like,

2190
01:39:24,680 --> 01:39:26,360
Speaker 2: we don't need to make it worse anyway. Okay, So

2191
01:39:26,479 --> 01:39:28,479
Speaker 2: thank you, thank you, Malcolm. We'll come to you for

2192
01:39:28,560 --> 01:39:30,719
Speaker 2: future words in English not German.

2193
01:39:31,160 --> 01:39:33,960
Speaker 13: Ants Live your life by t I and Rihanna to

2194
01:39:34,000 --> 01:39:36,920
Speaker 13: play us out tonight. So t I's It turns out

2195
01:39:36,960 --> 01:39:39,360
Speaker 13: his real name I found out today is Clifford Harris,

2196
01:39:39,640 --> 01:39:41,599
Speaker 13: and this has been pretty bad news for him because

2197
01:39:41,640 --> 01:39:43,600
Speaker 13: there's another guy named Clifford Harris who sounds like a

2198
01:39:43,640 --> 01:39:46,080
Speaker 13: bit of a loser. He's wanted by the police for

2199
01:39:46,280 --> 01:39:48,760
Speaker 13: alleged stalking and violent behavior. So poor old t I,

2200
01:39:49,240 --> 01:39:52,160
Speaker 13: trying to catch a flight out of Atlanta, gets pulled

2201
01:39:52,200 --> 01:39:54,560
Speaker 13: aside and arrested for two hours because they're looking for

2202
01:39:54,680 --> 01:39:56,720
Speaker 13: a guy named Clifford Harris, and no doubt the poor

2203
01:39:56,800 --> 01:39:58,920
Speaker 13: guy has to explain, no, I'm the rapper, t I No,

2204
01:39:59,120 --> 01:40:00,400
Speaker 13: I'm not one good for this?

2205
01:40:00,600 --> 01:40:02,719
Speaker 2: And how good is like it? Because isn't isn't Snoop

2206
01:40:02,760 --> 01:40:05,560
Speaker 2: Dogg's name like Calvinius or something Calvin something. They have

2207
01:40:05,720 --> 01:40:07,960
Speaker 2: great names, these rappers, don't They in realize there's.

2208
01:40:07,800 --> 01:40:09,320
Speaker 13: Got to be at least one EU gene in there somewhere.

2209
01:40:09,400 --> 01:40:11,479
Speaker 2: They've got to be And thank you San San San

2210
01:40:11,600 --> 01:40:14,439
Speaker 2: San San San San San San saying Sin Sane Sane

2211
01:40:14,479 --> 01:40:17,960
Speaker 2: has got pohsident. Remember next time News Talks ABC tomorrow.

2212
01:40:22,600 --> 01:40:25,760
Speaker 1: For more from Hither Duplessy Allen Drive. Listen live to

2213
01:40:25,880 --> 01:40:28,920
Speaker 1: News Talks they'd be from four pm weekdays, or follow

2214
01:40:28,960 --> 01:40:30,680
Speaker 1: the podcast on iHeartRadio