1 00:00:00,080 --> 00:00:02,280 Speaker 1: Right into the business of the day with the broad 2 00:00:02,279 --> 00:00:04,160 Speaker 1: hope that but it will not be mentioned once in 3 00:00:04,200 --> 00:00:05,920 Speaker 1: the next ten or fifteen minutes of the Prime Minister 4 00:00:06,040 --> 00:00:07,320 Speaker 1: christ of Election's well, there's very. 5 00:00:07,200 --> 00:00:08,959 Speaker 2: Good morning to you. Good morning, my could be right now. 6 00:00:09,000 --> 00:00:11,319 Speaker 1: I don't want to start this on a superficial note, 7 00:00:11,320 --> 00:00:14,000 Speaker 1: but I'm watching the netball last night and you're at 8 00:00:14,040 --> 00:00:17,200 Speaker 1: the netball and you're Shane Ritty and me with your 9 00:00:17,280 --> 00:00:20,000 Speaker 1: jersey under your jersey, under your jacket, and I'm thinking, 10 00:00:20,000 --> 00:00:20,560 Speaker 1: here's the place. 11 00:00:20,720 --> 00:00:23,239 Speaker 2: Is the place freezing? What were you doing? I went 12 00:00:23,360 --> 00:00:25,840 Speaker 2: there mate, with the jersey on, and then I realized 13 00:00:25,840 --> 00:00:27,320 Speaker 2: I had to present the awards and I had a 14 00:00:27,360 --> 00:00:29,680 Speaker 2: sports jacket sortskat with me, so I put it on top. 15 00:00:30,120 --> 00:00:33,320 Speaker 2: I agree with you, not the ideal look. Shane Ready 16 00:00:33,360 --> 00:00:35,000 Speaker 2: is the only person I know that sort of carries 17 00:00:35,000 --> 00:00:38,120 Speaker 2: that off pretty well. But yeah, it was, but I 18 00:00:38,320 --> 00:00:40,720 Speaker 2: appreciate you noticing those are. 19 00:00:40,640 --> 00:00:43,120 Speaker 1: These are the small things I noticed, and we'll probably 20 00:00:43,240 --> 00:00:46,479 Speaker 1: talk more about it come election. The one I liked 21 00:00:46,479 --> 00:00:48,280 Speaker 1: about the netball, funnily enough, and I haven't watched a 22 00:00:48,320 --> 00:00:51,239 Speaker 1: lot of netball this year, is the joy in the bar. 23 00:00:51,920 --> 00:00:54,200 Speaker 2: It is unreal. Oh, that's why Amanda and I've been 24 00:00:54,240 --> 00:00:56,080 Speaker 2: going again. It's the second time I think we've been, 25 00:00:56,200 --> 00:00:58,800 Speaker 2: because you go there and it's actually the cute part 26 00:00:58,880 --> 00:01:01,319 Speaker 2: is seeing dads with their door and they've been all 27 00:01:01,360 --> 00:01:03,640 Speaker 2: face painted up, and the daughters are going off and 28 00:01:03,680 --> 00:01:07,040 Speaker 2: the dancing in the middle of the proceedings, and even 29 00:01:07,040 --> 00:01:08,760 Speaker 2: the odd dad gets up and goes for a wiggle. 30 00:01:08,840 --> 00:01:10,720 Speaker 2: So that's good. It's good fun goes for a wig. 31 00:01:11,360 --> 00:01:14,120 Speaker 1: So Trump this morning, EU, the rest of us are 32 00:01:14,120 --> 00:01:16,280 Speaker 1: getting a letter. Have we got an original letter yet 33 00:01:16,319 --> 00:01:16,480 Speaker 1: or not? 34 00:01:16,680 --> 00:01:19,880 Speaker 2: No letter? Yeah? I mean I've seen the statements and 35 00:01:19,920 --> 00:01:22,880 Speaker 2: comments that have been made. We haven't it's fifteen. Yeah, 36 00:01:22,880 --> 00:01:25,080 Speaker 2: we haven't been. We haven't received I am not aware 37 00:01:25,080 --> 00:01:28,039 Speaker 2: that we've received our letter or a letter. Our last 38 00:01:28,040 --> 00:01:31,880 Speaker 2: conversation with jameson Grere who's the Secretary of Trade, with 39 00:01:31,920 --> 00:01:35,280 Speaker 2: Tom McClay was a positive one where they actually were 40 00:01:35,319 --> 00:01:38,920 Speaker 2: very focused on other countries obviously, and we don't want 41 00:01:38,920 --> 00:01:40,160 Speaker 2: to be any worse off than anybody else. 42 00:01:40,280 --> 00:01:42,160 Speaker 1: No, okay, So your answer would be the same. And 43 00:01:42,160 --> 00:01:44,319 Speaker 1: I've asked you the several times if it's fifteen it 44 00:01:44,360 --> 00:01:46,679 Speaker 1: looks like it's fifteen. Can we trade our way through. 45 00:01:46,760 --> 00:01:48,720 Speaker 1: It is what it is, that's life. 46 00:01:48,520 --> 00:01:50,640 Speaker 2: Well pretty much. Yeah, well, look, we agree with the 47 00:01:50,920 --> 00:01:52,480 Speaker 2: Trade Secretary. We would look at it again at the 48 00:01:52,560 --> 00:01:55,320 Speaker 2: end of the year and continue ongoing conversations with them, 49 00:01:55,360 --> 00:01:56,960 Speaker 2: but we don't want to be any worse off than 50 00:01:56,960 --> 00:02:00,720 Speaker 2: anybody else. Our New Zealand exporters into the North America 51 00:02:00,760 --> 00:02:02,960 Speaker 2: I check in with quite regularly. They're actually doing really well. 52 00:02:02,960 --> 00:02:05,960 Speaker 2: Whether it's the Zest Breez, whether it's the red meat guys, 53 00:02:05,960 --> 00:02:08,399 Speaker 2: the wine guys are obviously our second biggest exports there 54 00:02:08,440 --> 00:02:10,760 Speaker 2: as well. A lot of them are saying they're able 55 00:02:10,800 --> 00:02:13,560 Speaker 2: to pass it on to the American consumer, which is 56 00:02:13,600 --> 00:02:16,400 Speaker 2: what has been happening, and again a big market. Just 57 00:02:16,480 --> 00:02:19,040 Speaker 2: remember three hundred and sixty million people. If you find 58 00:02:19,080 --> 00:02:22,960 Speaker 2: wealthy retailers and wealthy consumers, you can still navigate your 59 00:02:22,960 --> 00:02:23,400 Speaker 2: way through it. 60 00:02:23,840 --> 00:02:27,600 Speaker 1: Sound zer James Meagher, is any is there a possibility 61 00:02:27,639 --> 00:02:30,799 Speaker 1: one Windsor's plan for allegedly regional New Zealand coming out 62 00:02:30,800 --> 00:02:33,560 Speaker 1: in terms of the airlines. Is there a possibility that 63 00:02:33,600 --> 00:02:35,760 Speaker 1: the government is going to get involved in regionally as 64 00:02:35,840 --> 00:02:36,359 Speaker 1: in any way? 65 00:02:36,360 --> 00:02:38,520 Speaker 2: Shapulu, No, I don't think so. I mean, you know, 66 00:02:38,560 --> 00:02:42,400 Speaker 2: it's pretty challenging business. Regional airlines Sound zero is actually 67 00:02:42,400 --> 00:02:45,560 Speaker 2: a really good operator, and you know there might be 68 00:02:45,560 --> 00:02:48,480 Speaker 2: opportunities to get the settings right between say any in 69 00:02:48,520 --> 00:02:51,640 Speaker 2: New Zealand through checking bags and you know, those sorts 70 00:02:51,680 --> 00:02:54,240 Speaker 2: of things, but you know we're not probably we're not 71 00:02:54,280 --> 00:02:57,040 Speaker 2: going to be in the business I think of underwriting regionally. 72 00:02:57,520 --> 00:02:59,520 Speaker 2: So as James wasting his time, well, I mean he's 73 00:02:59,520 --> 00:03:01,360 Speaker 2: going to look at what else there might be to do. 74 00:03:01,480 --> 00:03:04,359 Speaker 2: You might be honestly those through check type things that 75 00:03:04,440 --> 00:03:07,480 Speaker 2: actually do make a difference to connect to a regionally 76 00:03:07,480 --> 00:03:11,840 Speaker 2: aligned into a bigger global network of customers. But you know, 77 00:03:11,880 --> 00:03:14,000 Speaker 2: I think as we're found in the past in the Zelands, 78 00:03:14,040 --> 00:03:16,960 Speaker 2: you know, it's a really challenging thing. Obviously regional services 79 00:03:16,960 --> 00:03:20,760 Speaker 2: are very difficult. But actually, you know, underwriting all of that, 80 00:03:20,800 --> 00:03:22,080 Speaker 2: I think it's pretty can't do it. 81 00:03:22,560 --> 00:03:28,160 Speaker 1: Nearly half New Zealanders applying for Australian citizenship weren't born here, 82 00:03:29,440 --> 00:03:32,440 Speaker 1: So these your fun facts. Does that make us a 83 00:03:32,480 --> 00:03:35,760 Speaker 1: springboard to get into Australia And is that going to 84 00:03:35,760 --> 00:03:36,280 Speaker 1: be an issue? 85 00:03:36,360 --> 00:03:38,840 Speaker 2: Yeah? Look I spoke to Eric Stanford and Brook van 86 00:03:38,880 --> 00:03:41,280 Speaker 2: Velden about that just briefly. Our offices, and I just 87 00:03:41,360 --> 00:03:43,400 Speaker 2: because I saw that headline as well. But I mean, 88 00:03:43,680 --> 00:03:45,360 Speaker 2: the thing that I struggle to understand is if you're 89 00:03:45,360 --> 00:03:48,440 Speaker 2: sitting offshore, the choices to go down the pathway for 90 00:03:48,440 --> 00:03:50,920 Speaker 2: Australian citizenship or on his Zeland citizenship, it's the same 91 00:03:50,960 --> 00:03:54,520 Speaker 2: process pretty much. So I can't see why. You know, 92 00:03:55,400 --> 00:03:56,600 Speaker 2: I want to look into it a bit more and 93 00:03:56,680 --> 00:03:59,000 Speaker 2: understand what's going on. But the bottom line is, if 94 00:03:59,000 --> 00:04:01,120 Speaker 2: you're sitting off or in South Africa and wanging up 95 00:04:01,120 --> 00:04:03,920 Speaker 2: where you're going to go, we've got she got very 96 00:04:03,920 --> 00:04:06,480 Speaker 2: similar processes. So I don't quite understand why you'd want it. 97 00:04:06,520 --> 00:04:08,080 Speaker 1: So it's not recess really a thing, and elbow is 98 00:04:08,080 --> 00:04:09,280 Speaker 1: not going to bring you up and go hold on 99 00:04:09,320 --> 00:04:09,440 Speaker 1: to you. 100 00:04:09,600 --> 00:04:10,760 Speaker 2: No, we haven't had that conversation. 101 00:04:12,240 --> 00:04:15,320 Speaker 1: Give me some good news on this. Foreigners buying houses. 102 00:04:15,880 --> 00:04:18,120 Speaker 2: Yeah, so, I mean you saw Winston last week. We're 103 00:04:18,160 --> 00:04:20,039 Speaker 2: making progress. I know it's not the answer you want. 104 00:04:20,040 --> 00:04:21,440 Speaker 2: You want me to tell me what the answer is 105 00:04:21,480 --> 00:04:24,240 Speaker 2: right now, right today? Correct, I get it. But as 106 00:04:24,279 --> 00:04:27,560 Speaker 2: I said last week to media, we've got the ongoing 107 00:04:27,560 --> 00:04:31,320 Speaker 2: conversations we have, Chris is being made, we have made 108 00:04:31,360 --> 00:04:33,760 Speaker 2: We're making really good progress. Which is to say, what's 109 00:04:33,800 --> 00:04:35,960 Speaker 2: the holder? Because I've had him on the program a 110 00:04:35,960 --> 00:04:37,839 Speaker 2: couple of months ago. That's why last week I didn't 111 00:04:37,880 --> 00:04:40,240 Speaker 2: think it was news. He told us several months ago 112 00:04:40,839 --> 00:04:43,080 Speaker 2: the same thing he said last week. Yes, and he 113 00:04:43,600 --> 00:04:46,719 Speaker 2: seems to understand it needs to be rect No, he does, 114 00:04:46,960 --> 00:04:49,520 Speaker 2: he does, and the conversations are good and positive. What 115 00:04:49,560 --> 00:04:52,080 Speaker 2: we're discussing is the mechanism by help. 116 00:04:51,920 --> 00:04:53,719 Speaker 1: So what are you stuck on numbers for a house? 117 00:04:53,800 --> 00:04:55,120 Speaker 1: How high the value of the house. 118 00:04:55,400 --> 00:04:57,560 Speaker 2: That's one of the conversations here, But there'll be other, 119 00:04:57,839 --> 00:04:58,960 Speaker 2: you know, which want to make sure do you mean 120 00:04:58,960 --> 00:05:00,560 Speaker 2: they'll be there? What are And we want to make 121 00:05:00,600 --> 00:05:03,160 Speaker 2: sure we get the mechanisms right and we've got the 122 00:05:03,160 --> 00:05:04,200 Speaker 2: conversations in place. 123 00:05:04,440 --> 00:05:07,480 Speaker 1: Is it the problem? It's where they come from? 124 00:05:07,600 --> 00:05:08,200 Speaker 2: No? 125 00:05:08,640 --> 00:05:10,440 Speaker 1: Is it the skills and the money they No. 126 00:05:10,560 --> 00:05:11,560 Speaker 2: I'm not going to get into it. 127 00:05:11,560 --> 00:05:13,440 Speaker 1: I'm not going to get I'm just trying to work out. 128 00:05:13,520 --> 00:05:14,880 Speaker 2: I tell you what. You'll be the first to know 129 00:05:14,920 --> 00:05:17,159 Speaker 2: when we lead, will you? How about that? Okay? Good? 130 00:05:17,240 --> 00:05:19,800 Speaker 1: Promise me that I'll be because I just don't understand 131 00:05:19,839 --> 00:05:20,920 Speaker 1: what the hold up is. 132 00:05:21,120 --> 00:05:23,880 Speaker 2: No, we've had really good conversations obviously we had a 133 00:05:23,880 --> 00:05:27,320 Speaker 2: policy at the election. What the policy was completely. He 134 00:05:27,360 --> 00:05:29,279 Speaker 2: had a position at the election which he's had to 135 00:05:29,279 --> 00:05:31,400 Speaker 2: revisit completely. Both of us are prepared to do that. 136 00:05:31,880 --> 00:05:32,960 Speaker 2: We're working our way through. 137 00:05:33,040 --> 00:05:35,880 Speaker 1: It just doesn't seem that complex to take months on end, 138 00:05:36,040 --> 00:05:37,800 Speaker 1: because it's got to the point where as far as 139 00:05:37,839 --> 00:05:40,040 Speaker 1: I can work out, it's embarrassing. You're you've got a 140 00:05:40,080 --> 00:05:43,240 Speaker 1: Golden visa program, which by all accounts is a roaring success. 141 00:05:43,240 --> 00:05:44,720 Speaker 2: We did more than two months, and we've done in 142 00:05:44,720 --> 00:05:46,120 Speaker 2: the previous two and a half years. 143 00:05:45,920 --> 00:05:48,119 Speaker 1: Terrific, and you can go rent a house. Thanks for coming. 144 00:05:48,200 --> 00:05:50,800 Speaker 1: I mean, what's that about? That's what And Winston gets that. 145 00:05:53,000 --> 00:05:55,600 Speaker 2: Possibly people are prepared to put their money where their 146 00:05:55,640 --> 00:05:59,520 Speaker 2: mouth is and not just too speculative. So it's the 147 00:05:59,600 --> 00:06:01,880 Speaker 2: type of and he wants, yeah, well no, no, no no, 148 00:06:01,920 --> 00:06:03,760 Speaker 2: But in fairness, we both want to make sure that actually, 149 00:06:03,800 --> 00:06:05,159 Speaker 2: if you're going to come to this country and invest, 150 00:06:05,200 --> 00:06:06,960 Speaker 2: we should say thank you for bringing your capital here, 151 00:06:07,279 --> 00:06:08,840 Speaker 2: and we should find a way to be for you 152 00:06:08,880 --> 00:06:10,440 Speaker 2: to be able to purchase the house. We're both aligned 153 00:06:10,480 --> 00:06:12,200 Speaker 2: on that. We're just working through the detail. 154 00:06:12,720 --> 00:06:13,919 Speaker 1: Will it be weeks or months? 155 00:06:14,440 --> 00:06:18,360 Speaker 2: I hope it's very shortly. Yep, weeks, week weeks probably 156 00:06:19,320 --> 00:06:23,880 Speaker 2: I could see the next few weeks in my life. 157 00:06:23,920 --> 00:06:27,400 Speaker 1: All I want is for this country to excel tell 158 00:06:27,400 --> 00:06:29,200 Speaker 1: me about it. That's and this seems to me to 159 00:06:29,240 --> 00:06:32,480 Speaker 1: be one of the easiest decisions that you could possibly make. 160 00:06:32,600 --> 00:06:35,840 Speaker 2: It it is, we are very close. We will have 161 00:06:35,880 --> 00:06:37,200 Speaker 2: something to say about it. Sure, I just don't want 162 00:06:37,200 --> 00:06:39,920 Speaker 2: to get ahead of it. And fairness Winston. You heard 163 00:06:40,000 --> 00:06:42,760 Speaker 2: him say again last week. He's up for a position 164 00:06:42,800 --> 00:06:45,560 Speaker 2: where you've got people who are seriously putting serious money 165 00:06:45,560 --> 00:06:47,440 Speaker 2: into New Zealand and I you know that you'll be 166 00:06:47,480 --> 00:06:47,960 Speaker 2: able to purchase it. 167 00:06:48,160 --> 00:06:51,279 Speaker 1: Okay, did I misunderstand the story last week on the vaping? 168 00:06:51,400 --> 00:06:54,680 Speaker 1: So you back down on Crown Law advice around vaping 169 00:06:54,760 --> 00:06:58,520 Speaker 1: and battery type things and whether they can be incidant 170 00:06:58,640 --> 00:07:01,000 Speaker 1: or not instant. Anyway, the point in Crown Law came 171 00:07:01,040 --> 00:07:04,839 Speaker 1: to you and said you were being taken to court, 172 00:07:05,400 --> 00:07:08,279 Speaker 1: chances are you would lose, and so therefore you're back. 173 00:07:08,200 --> 00:07:08,720 Speaker 2: Down on that. 174 00:07:08,800 --> 00:07:12,480 Speaker 1: Correct What was going to happen given this was Labour's law. 175 00:07:12,560 --> 00:07:14,520 Speaker 1: What were they expecting to happen apart from going to 176 00:07:14,520 --> 00:07:15,200 Speaker 1: court and losing? 177 00:07:15,320 --> 00:07:17,440 Speaker 2: Well, I mean that. All I know is that we 178 00:07:17,600 --> 00:07:20,320 Speaker 2: had Crown advice that said, you know, we needed to 179 00:07:20,320 --> 00:07:22,920 Speaker 2: make the alteration to the law because we were going 180 00:07:22,920 --> 00:07:25,120 Speaker 2: to be exposed legally around that. And that's as I 181 00:07:25,240 --> 00:07:28,480 Speaker 2: understand what Casey Cossello has done. We are making good progress, 182 00:07:28,480 --> 00:07:30,520 Speaker 2: as you would have seen last week. I think big 183 00:07:30,600 --> 00:07:32,120 Speaker 2: or Hole came out and said that we actually will 184 00:07:32,160 --> 00:07:33,600 Speaker 2: be one of the first countries that we could be 185 00:07:33,640 --> 00:07:37,000 Speaker 2: smoke free now hit the five percent target. We will, 186 00:07:37,000 --> 00:07:38,360 Speaker 2: I think we get I think we'll be really close 187 00:07:38,400 --> 00:07:39,960 Speaker 2: to it. I think there's been a big effort to it. 188 00:07:40,720 --> 00:07:43,480 Speaker 2: As Casey has identified before, she said, it's really you know, 189 00:07:43,880 --> 00:07:46,800 Speaker 2: long term smokers now that are really the challenge to 190 00:07:46,840 --> 00:07:48,440 Speaker 2: move off and that's a harder group. 191 00:07:49,040 --> 00:07:51,760 Speaker 1: Jared Kerr, you're watching him over the weekend with the 192 00:07:51,840 --> 00:07:54,520 Speaker 1: Kiwi Bank, right, so they do their economic The best 193 00:07:54,640 --> 00:07:57,960 Speaker 1: region in the countries are Targo and Southland five out 194 00:07:57,960 --> 00:08:00,560 Speaker 1: of ten. That's as good as it gets. Now, this 195 00:08:00,640 --> 00:08:02,360 Speaker 1: is not political. I'm not trying to make this political. 196 00:08:02,680 --> 00:08:05,760 Speaker 1: We need to do better. Part of that equation is 197 00:08:05,800 --> 00:08:07,640 Speaker 1: the Reserve Bank needs to pull their finger out and 198 00:08:07,680 --> 00:08:08,440 Speaker 1: get the ract together. 199 00:08:08,560 --> 00:08:11,200 Speaker 2: Yep am, I correct, well, you've heard them signal that 200 00:08:11,200 --> 00:08:14,000 Speaker 2: they want to continue with you know, you've heard them 201 00:08:14,040 --> 00:08:15,960 Speaker 2: say publicly they want to do more interest rate cuts. 202 00:08:16,160 --> 00:08:17,600 Speaker 1: Well maybe in August. 203 00:08:17,800 --> 00:08:20,880 Speaker 2: Maybe in August, YEP does twenty five points to do it. Well, 204 00:08:20,880 --> 00:08:22,880 Speaker 2: I mean again, it's about the fact of us getting 205 00:08:22,920 --> 00:08:23,880 Speaker 2: inflation down with you. 206 00:08:23,880 --> 00:08:26,840 Speaker 1: You've done that, you've done that, Your bit's done. Your 207 00:08:26,920 --> 00:08:29,480 Speaker 1: bit's done, but the powers not and the rates aren't, 208 00:08:29,520 --> 00:08:31,720 Speaker 1: and the insurances and the Reserve Bank are not playing 209 00:08:31,720 --> 00:08:33,640 Speaker 1: their part as good as it gets as five out 210 00:08:33,679 --> 00:08:33,960 Speaker 1: of ten. 211 00:08:34,480 --> 00:08:37,040 Speaker 2: Well, I'd also say today I only saw we had 212 00:08:37,080 --> 00:08:40,600 Speaker 2: like great farmer confidence numbers come through the people are confidence. 213 00:08:40,600 --> 00:08:42,280 Speaker 1: That's the point, the point when you look at O 214 00:08:42,360 --> 00:08:43,880 Speaker 1: Tigo South and why is it five out of ten, 215 00:08:43,920 --> 00:08:45,000 Speaker 1: that's where the farmers are. 216 00:08:45,120 --> 00:08:47,720 Speaker 2: Yeah, but yeah, Like I've been talking to the construction 217 00:08:47,800 --> 00:08:50,559 Speaker 2: sector last week and it's been brutal for those guys. Right, 218 00:08:50,640 --> 00:08:53,760 Speaker 2: they borrow huge amounts of money, the interest rates have 219 00:08:53,800 --> 00:08:57,079 Speaker 2: been really high. They feel big booms, big bus more 220 00:08:57,080 --> 00:08:59,520 Speaker 2: so than any other sector. You know, they've started to see, right, 221 00:08:59,559 --> 00:09:02,720 Speaker 2: we've got six billion dollars of proper projects, actual proper 222 00:09:02,760 --> 00:09:06,200 Speaker 2: projects with real people doing real things. Before Christmas on 223 00:09:06,280 --> 00:09:09,120 Speaker 2: those projects. You know, they've been at the bottom of 224 00:09:09,160 --> 00:09:12,920 Speaker 2: that's you know, bubbling along, being bounced around around construction, 225 00:09:13,120 --> 00:09:15,320 Speaker 2: not being able to get financing in place for projects, 226 00:09:15,360 --> 00:09:18,880 Speaker 2: not getting the demand for those projects. That's starting to improve. 227 00:09:19,000 --> 00:09:21,480 Speaker 1: You know with that, do you honestly still believe that 228 00:09:21,520 --> 00:09:24,360 Speaker 1: things are coming right? I mean materially, not just I 229 00:09:24,360 --> 00:09:27,079 Speaker 1: mean lot of green shoots, but material Look. 230 00:09:26,920 --> 00:09:29,480 Speaker 2: I do, I mean, I want to freely admit you know, 231 00:09:29,520 --> 00:09:31,480 Speaker 2: it's been a very very difficult time when you look 232 00:09:31,480 --> 00:09:34,080 Speaker 2: at the recession for three years essentially it's been back 233 00:09:34,160 --> 00:09:36,760 Speaker 2: nothing like that since the early nineties worsen the GFC. 234 00:09:37,280 --> 00:09:38,560 Speaker 2: We talk to a lot of people out there and 235 00:09:38,600 --> 00:09:41,840 Speaker 2: economists out there, but we genuinely are we are being led. 236 00:09:41,880 --> 00:09:44,720 Speaker 2: You're right out through a primary industries lens, which is 237 00:09:44,840 --> 00:09:48,040 Speaker 2: as expected as has always been the case, but actually 238 00:09:48,720 --> 00:09:52,560 Speaker 2: manufacturing services, you know, they've been really challenged and they've 239 00:09:52,600 --> 00:09:55,040 Speaker 2: had but you know, when I look at construction starting 240 00:09:55,040 --> 00:09:57,640 Speaker 2: to come, you know, the confidence building, their confidence in 241 00:09:57,679 --> 00:10:01,360 Speaker 2: the rural sector difficult, difficult and difficult when you have 242 00:10:01,400 --> 00:10:04,640 Speaker 2: we had a great first quarter zero point eight GDP growth. 243 00:10:04,640 --> 00:10:07,080 Speaker 2: If you think that time's four is well it's not 244 00:10:07,120 --> 00:10:10,000 Speaker 2: times for because Q two looks little that Q two 245 00:10:10,040 --> 00:10:11,520 Speaker 2: is challenging because all of a sudden and in the 246 00:10:11,520 --> 00:10:13,000 Speaker 2: middle of April, the whole world had to deal with 247 00:10:13,040 --> 00:10:15,959 Speaker 2: something called Liberation Day, which was a huge loss of confidence. 248 00:10:16,400 --> 00:10:18,040 Speaker 1: You just told me that we're working through that, which 249 00:10:18,040 --> 00:10:19,599 Speaker 1: selling big time, and that's key. We fruit in the 250 00:10:19,720 --> 00:10:21,320 Speaker 1: wine and no, no, we are. 251 00:10:21,240 --> 00:10:24,440 Speaker 2: Bilaterally, but also across the world though that causes quite 252 00:10:24,440 --> 00:10:27,160 Speaker 2: a lot of a loss of confidence for people as well. 253 00:10:27,160 --> 00:10:29,560 Speaker 2: But then you saw things like May where we had 254 00:10:29,559 --> 00:10:32,600 Speaker 2: our investment boost, you know, launch go off in May June. 255 00:10:32,600 --> 00:10:35,600 Speaker 2: You've seen huge good numbers of people wanting to invest. 256 00:10:35,679 --> 00:10:38,400 Speaker 1: We have had economy in twenty twenty six election year 257 00:10:38,480 --> 00:10:40,880 Speaker 1: to sell to the people and go is what we did. 258 00:10:40,960 --> 00:10:42,520 Speaker 2: That's what we have to do. We have that in 259 00:10:42,559 --> 00:10:44,280 Speaker 2: twenty two so it's going to be pretty simple. We 260 00:10:44,400 --> 00:10:46,800 Speaker 2: better off than you were three years ago. Do you 261 00:10:46,800 --> 00:10:48,720 Speaker 2: feel which guys do you think are best gript up 262 00:10:48,720 --> 00:10:51,600 Speaker 2: to manage this economy? This country has a huge amount 263 00:10:51,600 --> 00:10:53,840 Speaker 2: of potential where we don't just get to ride back 264 00:10:53,840 --> 00:10:56,280 Speaker 2: the economic cycle. We actually have to choose to shape 265 00:10:56,280 --> 00:10:58,319 Speaker 2: where we want this place to go. And I think 266 00:10:58,360 --> 00:11:01,000 Speaker 2: that's the exciting work ahead of us, but tyffical, tough, 267 00:11:01,080 --> 00:11:03,560 Speaker 2: get it but making progress. Have a good week. 268 00:11:03,600 --> 00:11:07,440 Speaker 1: Good for more from the Mic Asking Breakfast, Listen live 269 00:11:07,520 --> 00:11:10,440 Speaker 1: to news talks it'd be from six am weekdays, or 270 00:11:10,480 --> 00:11:12,400 Speaker 1: follow the podcast on iHeartRadio.