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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 to coverage like

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Speaker 1: no one else. Newsorgs Heavy.

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Speaker 2: Afternoon. Welcome to the show. Coming up today, Brad Olsen

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Speaker 2: on the unemployment number out today, The insurance Counsel's Chris

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Speaker 2: Fafoy on the latest place to lose new cover, which

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Speaker 2: is Blend and by the way, and Jackson Street on

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Speaker 2: why it's cooler than Cuba Street.

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Speaker 1: Heather Duplicy Ellen.

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Speaker 2: Okay, on the face of it, that unemployment figure out

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Speaker 2: today is not good. It's gone up. It's now at

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Speaker 2: five point four percent, now sitting at a high that

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Speaker 2: we haven't seen in almost eleven years. The last time

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Speaker 2: we were anywhere near five point four percent was in

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Speaker 2: September twenty fifteen. Actually, though, there is a recovery story here.

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Speaker 2: If you look under the hood, we have added fifteen

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Speaker 2: thousand jobs to the economy. There are more people wanting

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Speaker 2: to work as well. On top of that, fewer, as

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Speaker 2: informetric says sitting on the sidelines, we have fewer young

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Speaker 2: people bumming around now. More of them are either in

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Speaker 2: work training or education. Most of the people who found

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Speaker 2: work in the last quarter are in part time work, though,

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Speaker 2: which suggests that employers are taking a chance here. They're

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Speaker 2: not totally convinced of the recovery just yet, at least

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Speaker 2: not enough to offer full time work, but they are

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Speaker 2: confident enough to take something of a chance now. I

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Speaker 2: don't want to be pollyannash here and suggesting good news

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Speaker 2: where there isn't any and trying to pretend things are

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Speaker 2: fine when they're not fine. I don't want to do that,

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Speaker 2: But I do think it is worth us focusing on

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Speaker 2: the good stuff in these numbers to give this recovery

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Speaker 2: a chance. There is enough stuff out there. There are

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Speaker 2: enough numbers out there now to suggest that we are

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Speaker 2: actually on the right side of things, and this recovery

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Speaker 2: is happening. But there is still a wobble, isn't there.

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Speaker 2: When you talk to some businesses, they're still unimpressed by

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Speaker 2: what they're seeing come in the door. And I just

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Speaker 2: wonder if we're holding off a little here. Maybe we've

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Speaker 2: been spooked by the false dorn In twenty twenty five

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Speaker 2: and we want to make sure this is actually the

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Speaker 2: recovery that we believe it's going to be. Maybe we're

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Speaker 2: still unsure of what the Reserve Bank is.

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Speaker 3: Going to do.

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Speaker 2: Maybe we want to get the feel of Anna Bremer

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Speaker 2: in her first go in a couple of weeks from

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Speaker 2: now before we start investing money. We have good signs.

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Speaker 2: We have consumer confidence, we have business confidence, we have

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Speaker 2: GDP growth, we have retail spending growth, we have improved

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Speaker 2: manufacturing numbers. The list goes on, and then add this

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Speaker 2: the stuff under the unemployment number. Add that to the list.

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Speaker 2: Step back and assess what really does look like a

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Speaker 2: recovery if we just give it the chance.

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Speaker 1: Heather du for see Allen.

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Speaker 2: Nine twenty nineteen is the text number. As I say,

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Speaker 2: Brad Olsen will be with us after five o'clock on that. Now,

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Speaker 2: here's something you absolutely do not need. At the height

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Speaker 2: of summer, people are being worn to stay out of

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Speaker 2: the water in Wellington, and this is because raw sewage

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Speaker 2: is seeping into the ocean after a problem at the

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Speaker 2: city's treatment facility near the airport. The plant was evacuated

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Speaker 2: this morning after multiple floors were inundated with untreated wastewater.

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Speaker 2: Wellington Water Chief Executive Pat Doherty joins us. Now, Hi,

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Speaker 2: Pat Hi, what happened?

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Speaker 4: Oh, just like you said? With a heavy rain last night,

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Speaker 4: we had a but half the flow going through the

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Speaker 4: half going around a bypass and then they can bind

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Speaker 4: to give out the outfall pipe, and it backed up

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Speaker 4: and came out into the plant onto our work site.

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Speaker 4: And we don't know why. It should have had more

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Speaker 4: than enough capacity to cope with it. I suspect there's

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Speaker 4: something wrong with the outfall pipe that we'll.

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Speaker 5: Have to check.

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Speaker 2: A blockage or something.

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Speaker 4: Yeah, partial blockage. We'll have to get a TV camera

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Speaker 4: down there to have a look. But the real problem

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Speaker 4: is is the damage the water has done. The huge

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Speaker 4: amounts of wastewater poured through the plant. We've got control

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Speaker 4: panels underwater, we've got electrical equipment underwater or has been underwater,

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Speaker 4: and we have no power because the first thing that

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Speaker 4: happened was all the fuses tripped out. So we've at

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Speaker 4: the moment got we've diverted the discharge untreated wastewater into

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Speaker 4: a short outfall, which is only four or five meters

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Speaker 4: off the coast at Tarakina Bay, and so the first

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Speaker 4: thing we need we're trying to do is get the

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Speaker 4: discharge back into the long outfall, which is one point

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Speaker 4: killing meters off the coast and screen it. We think

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Speaker 4: we can do that in a few days and then

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Speaker 4: get sludge out of our tanks before it turns inna aerobic.

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Speaker 4: We don't want odor problems as well. And then we've

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Speaker 4: got to get the waste water out of the plant.

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Speaker 4: And it's so deep. We've got a scrubber room that's

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Speaker 4: the size and Olympic swimming pool and it's three meters

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Speaker 4: deep down there, so it's a lot of water we've

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Speaker 4: got to get out. And there's no power, so there's

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Speaker 4: no ventilation, which means that guys have to be careful

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Speaker 4: of they're working in a confined space and wear the

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Speaker 4: right breathing equipment. So there's a lot to do. It's

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Speaker 4: a bad situation.

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Speaker 2: So what is the timeframe that you're working with here?

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Speaker 2: But like how long is it going to take you

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Speaker 2: to fix this all up so you're not pumping poo

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Speaker 2: into the sea.

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Speaker 4: So we think in a few days we'll be able

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Speaker 4: to start using the long outfall and screen the sewerage,

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Speaker 4: which will make a big difference to the cause.

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Speaker 2: Screen the sewerage.

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Speaker 4: Basically we take anything that any big bits out.

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Speaker 2: It was still pot it. I mean, you you just

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Speaker 2: take it one po out, aren't you.

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Speaker 1: Yeah?

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Speaker 4: And that takes us back to where Wellington was forty

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Speaker 4: years ago, which is far from desirable.

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Speaker 2: Okay, And then how long before you so that's cool,

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Speaker 2: I mean that's an I understand the situation. What can

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Speaker 2: you do? But then how long before you actually get

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Speaker 2: this this this plant up and running and there's no

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Speaker 2: more poe going into the sea.

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Speaker 4: Well until we get the wastewater out and have a

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Speaker 4: look at our equipment and see how badly damaged it is.

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Speaker 4: We won't know, but some of the stuff is not

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Speaker 4: available in New Zealand. It would have to probably be important.

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Speaker 4: We think it'll be months months, months.

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Speaker 2: Does that mean that? Does that mean that that that

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Speaker 2: people shouldn't be swimming around lyle By and surfing around

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Speaker 2: live By potentially for months?

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Speaker 1: Yes?

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Speaker 4: Yeah, even once we once we start using the long

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Speaker 4: out for water quial, it will be better. But then

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Speaker 4: it'll be But at the moment we're saying stay away

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Speaker 4: from the water completely, don't don't walk along the beach,

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Speaker 4: don't let your dogs swim. Once we get it to

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Speaker 4: the long outfall, I think things will ease off a

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Speaker 4: little bit, but we certainly wouldn't be recommending swimming or

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Speaker 4: fishing or shell fishing or anything like that, not till

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Speaker 4: we get the plant back to full capacity again.

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Speaker 2: Now, look, it seems like a bit of a design

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Speaker 2: fault if the thing, if if your thing fails and

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Speaker 2: then you flood your own system.

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Speaker 4: Look, we intend to do a full review to see

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Speaker 4: what went wrong here and did we miss any warning

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Speaker 4: signs and is there anything else we could have done better?

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Speaker 4: But if that outfall has got something in it, then

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Speaker 4: maybe we should have inspected more regularly. But yeah, there

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Speaker 4: certainly should be an overflow point that's outside of the building,

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Speaker 4: not inside the building.

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Speaker 2: Yes, okay, lord Pat, Honestly I'll bet you wish you

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Speaker 2: didn't take this job, but on some day.

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Speaker 4: Crosses my mind from time to day.

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Speaker 2: Good luck with everything, but appreciate it. Pat Doherty, Wellington

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Speaker 2: Water Chief Executive. Well there goes the last reason to

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Speaker 2: leave Wellington. I mean, look, lyle Bay being able to go,

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Speaker 2: being able to grab your surfboard and head down for

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Speaker 2: a gentle little paddle of a day was like the

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Speaker 2: last reason you want to live there. Now there's no jobs,

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Speaker 2: just full of politicians and poe. As it turns out,

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Speaker 2: so you're hi am I to Auckland, all you Wellingtonians

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Speaker 2: if you want to, or various other parts of the

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Speaker 2: country that are awesome. Listen, there is a bold play.

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Speaker 2: I think this is a really interesting and bold play

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Speaker 2: by the Australians. They've come up with the way because look,

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Speaker 2: we all need to invest in our defense equipment. Right

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Speaker 2: we know that Judith was standing outside a chop of

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Speaker 2: the other day chucking money at the Defense Force and

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Speaker 2: not wastefully like we need to do this because geopolitics,

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Speaker 2: as we've discussed, has just gone nuts. You've got Chejing Pang,

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Speaker 2: you've got Donald Trump, you've got potent what else do

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Speaker 2: you need to convince yourself that you probably need to

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Speaker 2: get yourself some army boys and girls so anywhere. What

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Speaker 2: the But how do you pay for it? Because the

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Speaker 2: stuff is huge? Next spense. If the Defense Force in

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Speaker 2: Australia have come up with a very clever way, they're

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Speaker 2: just going to sell an enormous, an enormous chunk of

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Speaker 2: their defense defense of state. So it's about thirty five

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Speaker 2: thousand hectares, including some of the nations. This is Australia's

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Speaker 2: most historic barracks. And they reckon that they can raise

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Speaker 2: two billion dollars from the sale, and then they're going

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Speaker 2: to spend it all on new military equipment and upgrades

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Speaker 2: to essential basis. So if we're scratching around thinking, hmm,

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Speaker 2: what just I'm just floating it as an idea. What

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Speaker 2: if we sold Devenport and used the money because that's

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Speaker 2: some prime real estate there, and use the money to

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Speaker 2: maybe buy a couple of ships or something like that.

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Speaker 2: Quarter past four.

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Speaker 1: It's the Heather Tops see Alan Drive Full Show podcast

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Speaker 1: on iHeartRadio powered by News Talks be.

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Speaker 2: Heather is an employer and others. I know we're not

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Speaker 2: prepared to take anyone on while there's a real chance

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Speaker 2: the destructive left of Labour of the Greens and the

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Speaker 2: Marti Party have a real chance of winning in the

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Speaker 2: upcoming election. Clive Fairpoint. Fairpoint, everybody always takes a bit

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Speaker 2: of a breather an election year. We don't know what's happening,

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Speaker 2: so you won't be alone and doing that.

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Speaker 1: Eighteen past four sport with Generate for award winning performances,

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Speaker 1: Generate Kiwisavor dot Co dot Instead.

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Speaker 2: Darcy water Grave Sports Store, Hoasters, Melow Does.

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Speaker 6: The politicians don't take a breather, that problem right?

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Speaker 2: Hello, Well look, Dane Cole, Now look I've been solid.

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Speaker 2: Dane Coles is on the panel to select the next coach.

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Speaker 2: Is there a problem because this was pointed out to

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Speaker 2: me and you know more than me. Is there a

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Speaker 2: problem here in that he's played for Jamie Joseph as

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Speaker 2: his coach.

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Speaker 6: And hasn't played for Dave Rennie?

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Speaker 5: Yeah?

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Speaker 6: Possibly, Okay, I think hasn't Aaron Smith Nuggy played under

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Speaker 6: both of them. Might have been a better idea.

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Speaker 2: Yeah, but I mean, after date, what you do, David

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Speaker 2: probably doesn't have the brains to deal with us.

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Speaker 6: You leave half to David. One of the time great quotes. Sorry, Aaron,

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Speaker 6: you'll never forget. You'll never be forgotten for that one. Look,

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Speaker 6: Don Trekker part of a panel, Steve Lancast part of

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Speaker 6: the panel, David Kirk part of the panel, giving me

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Speaker 6: a lamu part of the panel. And now Coles is joint.

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Speaker 6: I don't think you want to cast a shadow at

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Speaker 6: him saying because you've worked under one of these coaches,

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Speaker 6: you will play favorites, and I think maybe even you'd

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Speaker 6: go the other way slightly. That is a well respected

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Speaker 6: a hooker, but the.

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Speaker 2: Job appears to have been tailored for Jamie Joseph, including

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Speaker 2: the appointment of Dane Cole.

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Speaker 6: Did I not tell you, like a couple of weeks

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Speaker 6: ago that look what they've done is they've given him

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Speaker 6: the job already. They knew that before they got rid

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Speaker 6: of Robertson. That was like, quick, quick, give us some parameters, like.

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Speaker 2: Hey guys, it's Dane Cole and being breadcrumbed.

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Speaker 6: I never thought I'd ever say that.

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Speaker 7: Who knows?

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Speaker 6: And they wouldn't tell us anything. Today down at the

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Speaker 6: Super Rugby Pacific launch, I tried really hard. Steve Lancaster

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Speaker 6: was a steep who's the new CEO? No coach, no coo,

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Speaker 6: no CFO, and you got he's still looking for everybody,

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Speaker 6: just for me, Like do I really have to deal

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Speaker 6: with you now?

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Speaker 2: On that note, I thought he gave the game away

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Speaker 2: a little bit when he was talking to Hosking when

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Speaker 2: he said I'm in the job, aren't I? And I

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Speaker 2: was like, oh, did that not sound to you like

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Speaker 2: he's the guy who gets the job?

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Speaker 6: No, okay, I wouldn't think so. I don't know.

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Speaker 8: I think that.

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Speaker 6: Steve's lovely. I've been talking to him today. Is a

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Speaker 6: good human being. He gives my neck though, because he's

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Speaker 6: so tall, then look like right, I think he's smart enough.

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Speaker 6: Now he's been acting CEO for a couple of weeks.

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Speaker 6: It's way too hard a job and why would you

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Speaker 6: do it? And it's not worth the money.

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Speaker 2: I'm gone care far too much. Now, have a listen

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Speaker 2: to this.

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Speaker 9: No, if you're listening, we love you and we miss you,

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Speaker 9: and we want you back here.

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Speaker 10: You've done so much with this through and the work

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Speaker 10: you've done.

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Speaker 1: This whole year.

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Speaker 2: But you deserve to be here and we want you back.

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Speaker 2: Notes that been pulled from the Halbergs.

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Speaker 6: Yeah, why well, they're saying, and this is the athlete,

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Speaker 6: the player. I believe he's probably been pushed into this,

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Speaker 6: but near Born New Zealand and the Halbergs and players

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Speaker 6: associations that this doesn't represent a true sporting moment. Athletes

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Speaker 6: up there who have won gold medals and world championships

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Speaker 6: and all this doesn't drag.

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Speaker 5: It all down.

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Speaker 6: And I'm like, wow, did anyone stop to think that

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Speaker 6: you should let the sleeping dog lie it wasn't going

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Speaker 6: to win? How do you know it wasn't going to win?

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Speaker 2: We all get to vote.

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Speaker 6: On Yeah, it is, but it wasn't going to win.

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Speaker 6: Really if it did, maybe say something, it wasn't that.

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Speaker 6: What have they done now they've reanimated the monsters. Someone's

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Speaker 6: put shocks to the neck. Come on, like, understand it.

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Speaker 6: Let the sleeping dog light move it to one side,

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Speaker 6: don't reanimate because that's exactly what they've done. And I

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Speaker 6: feel sorry for Grace. She doesn't want to be remembered

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Speaker 6: around this. But they tell you what, They'll be going

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Speaker 6: to the awards with stumps for feet because they've managed

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Speaker 6: to shoot both of them off. They've done very very well.

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Speaker 2: Well said. Hey, thank you very much, Das as well,

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Speaker 2: and to.

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Speaker 6: The program Shane van Gisberg and NASCAR starting his day

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Speaker 6: or so, so if you're keen on that, and we'll

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Speaker 6: also talk with the chief executive of Australian Rugby, Phil

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Speaker 6: war That's our show tonight.

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Speaker 2: Good stuff, Thank you, Darci. Even the great sports Talk

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Speaker 2: Coasted be back at seven. It's full twenty two.

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Speaker 1: The headlines and the hard questions. It's the Mike Hosking Breakfast.

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Speaker 3: So to the rules around getting your driver's license, the

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Speaker 3: full licensed test has gone a Chris Bishop's Transport Minister

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Speaker 3: and as well as the learners under twenty five verses

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Speaker 3: over twenty five. Why is age such a critical thing? Because,

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Speaker 3: I mean, a good driver is not necessarily age related.

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Speaker 1: No, that's true. You know they are always extremes at

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Speaker 1: either end.

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Speaker 11: But we've tried to calibrate the rules to the risk

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Speaker 11: and the data shows that sixteen to twenty four's have

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Speaker 11: double the death rate on the roads then people over

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Speaker 11: the age of twenty four.

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Speaker 3: This idea that you go get your license and you

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Speaker 3: never tested again.

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Speaker 11: Yeah, well you've got to think through the practical complications

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Speaker 11: of that. I haven't seen the recent research around that,

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Speaker 11: but I suspect it shows that the benefits of doing

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Speaker 11: that would not.

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Speaker 1: Outweigh the coths of doing that.

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Speaker 3: Back tomorrow at six am, the Mike Hosking Breakfast with

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Speaker 3: the Defendant US Talk ZB.

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Speaker 1: Digging deeper into the day's headlines. It's Heather Duper c

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Speaker 1: Ellen drive with one New Zealand coverage like no one

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Speaker 1: else news talks.

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Speaker 2: They'd be I hear the wild selling Devenport sounds good

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Speaker 2: on paper. There are two issues won the cost of

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Speaker 2: developing a new naval base and to any disposal disposal

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Speaker 2: of crownland has to be to localing. Oh that was

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Speaker 2: a good idea for a minute, wasn't it. Six twenty six. Now,

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Speaker 2: while we're on the subject of sport, there are some

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Speaker 2: senior All Blacks who are trying to dispel the notion

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Speaker 2: that Ardie Savia lead the player revolt that led to

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Speaker 2: Razer getting sacked. Because, of course, if you've been following

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Speaker 2: the bait, you'll know sav is basically born the brunt

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Speaker 2: of the public backlash. He's been blamed for it. People

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Speaker 2: already cross at him for getting ready raise a blah

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Speaker 2: blah blah. But some senior players and New Zealand rugby

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Speaker 2: say this is actually not how it played out and

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Speaker 2: he doesn't deserve it. And amongst the crew there is

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Speaker 2: Cody Taylor and Patrick tuopol or two and Wallace a

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Speaker 2: Titi and stuff. But have just read what they're saying carefully,

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Speaker 2: I reckon because I'm not. I remain kind of unconvinced

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Speaker 2: by this. What they're saying is that he just said

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Speaker 2: some stuff to the review when the review was asked

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Speaker 2: of him, right like he whenever when the review of

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Speaker 2: Rasor was done and all the players we ask questions,

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Speaker 2: he just said what he actually thought, but he really

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Speaker 2: respected Razer. So what that says to me is he

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Speaker 2: might not have led some sort of a player revolt,

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Speaker 2: but he gave his opinion and his opinion by the

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Speaker 2: sounds of things more than that flash. So anyway, we

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Speaker 2: feel sorry for him, if you want to or not. Heather,

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Speaker 2: there you go. Wellington literally is crap. Got on that

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Speaker 2: guy for fronting though couldn't.

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Speaker 4: Have been fun.

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Speaker 2: Can I agree with that? Because we're going to talk

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Speaker 2: about AA. But we have been trying for days to

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Speaker 2: get a hold of AA because there's another development with

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Speaker 2: AA insurance. Day Stump cannot find them Wellington water pool

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Speaker 2: in the water they front up. I just think it's

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Speaker 2: the best way to deal with it.

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Speaker 1: News is next the day's newspakers talk to Heather first,

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Speaker 1: Heather do for Cell and drive with One New Zealand

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Speaker 1: and the power of satellite mobile news Talk said be.

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Speaker 5: You don't olease.

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Speaker 2: Terrify which Joseph coached team Dane Coles played for because

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Speaker 2: he played for the Hurricanes and Joseph coached the Highlanders.

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Speaker 2: Cheers Michael, Michael, thank you for asking. There was a

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Speaker 2: stage where Jamie Joseph was coaching the Hurricanes and Dane

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Speaker 2: Coles was playing for the Hurricanes as well. And you

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Speaker 2: know that because if you go on to the one

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Speaker 2: of the like All Black Sports New Zealand websites or

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Speaker 2: something like that, there's an interview with Dane Coles where

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Speaker 2: he said Jamie Joseph coached the Hurricanes and was notorious

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Speaker 2: for being a hard man and helped me focus on

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Speaker 2: putting my head down. Blah bla blah. So there you go.

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Speaker 2: There's the connection.

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Speaker 6: Now.

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Speaker 2: I was going to tell you about AA Insurance. Now,

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Speaker 2: AA Insurance has pulled out of Westport as in like

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Speaker 2: new policies, pulled new policies out of Westport for now

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Speaker 2: on account of the flood risk, and then would end

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Speaker 2: in North Canterbury on account of the seismic risk, and

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Speaker 2: now blend him and Renwick. And I think there was

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Speaker 2: maybe said in as well. Anyway, reason unknown says it's

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Speaker 2: it's it's basically got too much risk in this area,

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Speaker 2: but hasn't said what the area actually is. Chris Farfowi,

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Speaker 2: who is the insurance cauncil, will be with us. He's

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Speaker 2: the CEO there will be with us after five o'clock.

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Speaker 2: Barry Soopers on standby out of white tonguey. Right now,

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Speaker 2: it's twenty four away from five, it's the.

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Speaker 1: World wires on news talks. They'd be drive well.

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Speaker 2: Melinda Frenchgates has been asked about her ex husband, Bill

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Speaker 2: Gates mentions in the Epstein files. An email in the

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Speaker 2: files appears to be from Jeffrey Epstein and alleges that

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Speaker 2: Bill got an STD from a Russian girl and then

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Speaker 2: ask Jeffrey to help him get some antibiotics not for himself,

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Speaker 2: but to give to Melinda without her realizing it. Bill

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Speaker 2: Gates says this never happened.

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Speaker 12: Melinda says this, whatever questions remain there of what I

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Speaker 12: don't can't even begin to know all of it. Those

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Speaker 12: questions are for those people, and from even my ex husband.

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Speaker 12: They need to answer to those things.

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Speaker 13: Not me.

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Speaker 2: Well, and I am so happy to be away from

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Speaker 2: all the muck to Australia now, Negotiations to put the

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Speaker 2: coalition back together of hit a major hurdle. The Liberal

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Speaker 2: Party is insisting on a six month stand down for

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Speaker 2: the national shadow ministers that crossed the floor. National leader

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Speaker 2: David little Pres says he's never going to agree to that.

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Speaker 2: He is the Liberal leader.

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Speaker 14: Susan Lee My party room wants the long labor side

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Speaker 14: of politics in this country, the parties that can take

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Speaker 14: it up to this awful government to work together.

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Speaker 2: And finally, over in the States, it's a big day

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Speaker 2: for Donald Trump fans because he's got a new election slogan. Now,

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Speaker 2: as you're aware, make America Great Again was a big hit.

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Speaker 2: His twenty twenty slogan, keep America Great was like, okay,

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Speaker 2: but it kind of flopped. Got a new red hat

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Speaker 2: revealed overnight our time at the White House. This one

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Speaker 2: says America's back with an exclamation marks.

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Speaker 5: A new hat. Were just getting out.

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Speaker 6: America is where book sheer and strilled.

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Speaker 15: Look at her.

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Speaker 3: She's never smiles up and never smile.

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Speaker 16: Some day I smile.

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Speaker 1: International correspondence with ends and eye insurance, peace of mind

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Speaker 1: for New Zealand business.

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Speaker 2: Yeah, and Mitchinson is our US correspondent and with us Now, Hello, Dan.

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Speaker 16: I didn't know we went anywhere, so I wasn't aware

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Speaker 16: we were back, but here we are.

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Speaker 2: I'm just surprise he resisted here for the I'm surprised

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Speaker 2: he resisted putting baby at the end, because I reckon

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Speaker 2: I would have gone with that. Now you've avoided another shutdown.

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Speaker 16: We did, which is kind of nice. President Trump's signed

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Speaker 16: of one point two trillion dollars spending package that ended

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Speaker 16: this partial shutdown that we had, so that it's going

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Speaker 16: to keep our government going through about the thirtieth of

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Speaker 16: September right now. And I think the President really wanted

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Speaker 16: to get this passed as quickly as possible because he

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Speaker 16: didn't want this hanging over his head with midterm campaigning

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Speaker 16: going on. And so after the Senate passed the package

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Speaker 16: last week, he started making the calls to House Republicans

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Speaker 16: and said, Okay, let's just pass this thing. We're going

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Speaker 16: to stamp out any demands by some of the party

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Speaker 16: to make changes. He just wanted it done and to

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Speaker 16: move on.

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Speaker 2: Now, what is this. What do the Republicans mean when

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Speaker 2: they say that they want to nationalize the vote?

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Speaker 16: Well, they want to take more of the voting rights

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Speaker 16: away from the state and and give it to the

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Speaker 16: federal government. And President Trump has been fixated on, you know,

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Speaker 16: claims of election fraud, and the Democrats are out with

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Speaker 16: these conspiracies to undocumented immigrants voting. And the New York

439
00:20:14,400 --> 00:20:17,080
Speaker 16: Times did this fantastic job on the story right here,

440
00:20:17,200 --> 00:20:20,280
Speaker 16: and he is pushing for some drastic changes right now.

441
00:20:20,320 --> 00:20:23,560
Speaker 16: He wants Republican officials to take over voting procedures in

442
00:20:23,600 --> 00:20:26,399
Speaker 16: about fifteen states. He's not saying which states right now,

443
00:20:26,640 --> 00:20:29,879
Speaker 16: but really wants to nationalize the whole voting system, which

444
00:20:30,920 --> 00:20:34,280
Speaker 16: would raise a lot of worries about his administration's efforts,

445
00:20:34,280 --> 00:20:37,679
Speaker 16: I guess to get involved in elections in all fifty states.

446
00:20:37,760 --> 00:20:40,080
Speaker 2: I mean, surely they're trying it on with Surely they're

447
00:20:40,119 --> 00:20:41,480
Speaker 2: not actually going to be able to do it.

448
00:20:42,440 --> 00:20:43,320
Speaker 1: I don't think so.

449
00:20:43,520 --> 00:20:46,000
Speaker 16: No, No, I mean basically, you know, he wants to

450
00:20:46,800 --> 00:20:49,520
Speaker 16: expand the federal government's role in our elections, and I

451
00:20:49,560 --> 00:20:52,840
Speaker 16: would say the majority of states here would push back

452
00:20:52,880 --> 00:20:54,879
Speaker 16: on this, and as we've seen in other countries around

453
00:20:54,920 --> 00:20:56,439
Speaker 16: the world, I mean, this isn't a path that we

454
00:20:56,480 --> 00:20:58,480
Speaker 16: want to go down, you know for democracy.

455
00:20:58,720 --> 00:21:01,080
Speaker 2: Yeah, what are the French prosecute does want with Elon Musk?

456
00:21:01,119 --> 00:21:05,600
Speaker 16: Then they want to talk to him as as soon

457
00:21:05,640 --> 00:21:08,760
Speaker 16: as possible. Basically, what they did was they rated the

458
00:21:08,760 --> 00:21:12,520
Speaker 16: offices of the social media platform x today in France

459
00:21:12,840 --> 00:21:15,040
Speaker 16: and to allegations like we talked about last week, of

460
00:21:15,080 --> 00:21:19,840
Speaker 16: spreading child sexual abuse images and deep fakes and Musk's company,

461
00:21:20,040 --> 00:21:23,679
Speaker 16: which I think is Xai, is facing a lot of

462
00:21:23,760 --> 00:21:26,600
Speaker 16: pushback from countries around the world, including Britain because of

463
00:21:26,720 --> 00:21:31,080
Speaker 16: data privacy breaches right now. So a lot of this

464
00:21:31,160 --> 00:21:33,360
Speaker 16: has to do with how they handle personal information when

465
00:21:33,359 --> 00:21:34,800
Speaker 16: they developed. And I don't know if you use the

466
00:21:34,840 --> 00:21:37,800
Speaker 16: chatbot Grock or not, but a lot of people do

467
00:21:37,920 --> 00:21:40,960
Speaker 16: right now, and that's what they're concerned about. How much

468
00:21:41,000 --> 00:21:44,720
Speaker 16: information went into develop this that is being used that

469
00:21:44,840 --> 00:21:47,560
Speaker 16: probably shouldn't. And Musk, of course is pushing back on

470
00:21:47,600 --> 00:21:49,840
Speaker 16: all these allegations, saying this is all just political.

471
00:21:50,800 --> 00:21:52,399
Speaker 2: Dan, It's always good to talk to you, mate. We'll

472
00:21:52,400 --> 00:21:54,399
Speaker 2: talk to you again next week. You look after yourself.

473
00:21:54,400 --> 00:21:57,119
Speaker 2: It's Dan Mitchinson, ow US correspondent. Right now. It is

474
00:21:57,200 --> 00:21:58,520
Speaker 2: nineteen away from five.

475
00:21:58,800 --> 00:21:59,640
Speaker 1: Yea A dupla.

476
00:22:00,320 --> 00:22:03,040
Speaker 2: So Bill Gates denies the claims that but they're pretty

477
00:22:03,040 --> 00:22:05,199
Speaker 2: I mean, those are epic claims that have been made

478
00:22:05,200 --> 00:22:08,320
Speaker 2: about in pretty wild stuff. Spokesposon for Bill Gates says

479
00:22:08,359 --> 00:22:12,040
Speaker 2: the email is absolutely absurd, and then says the only

480
00:22:12,080 --> 00:22:14,880
Speaker 2: thing these documents demonstrate is Epstein's frustration that he did

481
00:22:14,880 --> 00:22:17,080
Speaker 2: not have an ongoing relationship with Gates and the links

482
00:22:17,080 --> 00:22:18,760
Speaker 2: he would go to to and trap and de fame,

483
00:22:18,800 --> 00:22:21,080
Speaker 2: and look, I guess there is probably something in that

484
00:22:21,200 --> 00:22:23,440
Speaker 2: for us that just because Jeffrey Epstein typed it out

485
00:22:23,440 --> 00:22:26,800
Speaker 2: in an email doesn't necessarily mean it's true, because the

486
00:22:26,840 --> 00:22:29,880
Speaker 2: guy has proven himself to be well, I would say,

487
00:22:30,320 --> 00:22:35,359
Speaker 2: pretty untrustworthy anyway, Melinda. What I like about Melinda Gates

488
00:22:35,520 --> 00:22:39,080
Speaker 2: is that she isn't she just front foot stuff. Ah,

489
00:22:39,119 --> 00:22:41,560
Speaker 2: she didn't sit around. She shouldn't do an AA insurance

490
00:22:41,600 --> 00:22:43,280
Speaker 2: of you, and I don't really want to talk about

491
00:22:43,280 --> 00:22:46,719
Speaker 2: this is awkward. She went on a podcast on MPR's

492
00:22:46,800 --> 00:22:48,640
Speaker 2: Rachel Martin's podcast and had this to say.

493
00:22:49,400 --> 00:22:51,840
Speaker 17: The emails and the files suggest that Bill Gates hud

494
00:22:51,880 --> 00:22:55,080
Speaker 17: additional affairs, and that he tried to get medication to

495
00:22:55,080 --> 00:22:59,119
Speaker 17: treat a sexually transmitted infection, and that he was going

496
00:22:59,160 --> 00:23:02,560
Speaker 17: to give you the matter send without you knowing. His

497
00:23:02,680 --> 00:23:06,159
Speaker 17: representative has said all of this is false. It is

498
00:23:06,200 --> 00:23:08,399
Speaker 17: not on you to have to respond to the details

499
00:23:08,640 --> 00:23:14,360
Speaker 17: of that alleged behavior. But I wonder what your dominant

500
00:23:14,359 --> 00:23:22,080
Speaker 17: emotion is when you read these news articles with these details.

501
00:23:22,119 --> 00:23:27,680
Speaker 12: Sad, just unbelievable sadness. And again I'm able to take

502
00:23:27,720 --> 00:23:31,600
Speaker 12: my own sadness and look at those young girls and say,

503
00:23:31,720 --> 00:23:35,840
Speaker 12: my god, how did they have How did that happen

504
00:23:35,880 --> 00:23:36,600
Speaker 12: to those girls?

505
00:23:36,800 --> 00:23:36,960
Speaker 18: Right?

506
00:23:37,240 --> 00:23:41,679
Speaker 12: And so for me it's just sadness, sadness for you know,

507
00:23:41,960 --> 00:23:44,200
Speaker 12: I've left had I left my marriage.

508
00:23:44,200 --> 00:23:46,040
Speaker 2: I had to leave my marriage. I wanted to leave.

509
00:23:45,880 --> 00:23:47,840
Speaker 12: My marriage, I had to leave the fact I felt

510
00:23:47,920 --> 00:23:49,760
Speaker 12: I needed to eventually leave the foundation.

511
00:23:49,880 --> 00:23:50,600
Speaker 16: So it's just sad.

512
00:23:50,880 --> 00:23:53,479
Speaker 2: Yeah, it's very very sad and grim Bury Sop as

513
00:23:53,520 --> 00:23:54,760
Speaker 2: nick seventeen away from.

514
00:23:54,600 --> 00:23:58,399
Speaker 1: Five with Politics with Centrics credit, check your customers and

515
00:23:58,440 --> 00:23:58,960
Speaker 1: get payment.

516
00:23:59,040 --> 00:24:02,240
Speaker 2: Certaindy, if you have not read the story about the

517
00:24:02,240 --> 00:24:04,320
Speaker 2: thirteen year old boy who swam for four hours to

518
00:24:04,359 --> 00:24:05,920
Speaker 2: save his family, I'm gonna have to talk you through

519
00:24:05,920 --> 00:24:08,680
Speaker 2: it because it is incredible. As a parent, it will

520
00:24:08,760 --> 00:24:11,280
Speaker 2: just tear your heart. Fourteen away from five or to

521
00:24:11,320 --> 00:24:14,479
Speaker 2: that in a minute. Barry Soper, Senior Political Correspondents with US.

522
00:24:14,480 --> 00:24:16,760
Speaker 5: Hello, Barry, good afternoon, Heather.

523
00:24:17,080 --> 00:24:19,439
Speaker 2: Alrighty, so what happened with Penny Henardi? What do you know?

524
00:24:20,520 --> 00:24:24,080
Speaker 5: Well, I'm up in Whitehungey at the moment, and all

525
00:24:24,160 --> 00:24:28,680
Speaker 5: the players, of course are here. There's Willie Jackson, Chris

526
00:24:28,720 --> 00:24:36,239
Speaker 5: Hopkins and Penny Henarde. Himself, and I noticed when the

527
00:24:36,359 --> 00:24:42,720
Speaker 5: paths of Christopher Luxon and Penny Henard crosspaths, Luxon, as

528
00:24:42,760 --> 00:24:45,399
Speaker 5: he's wont to do, gave him a big hug, which

529
00:24:45,480 --> 00:24:49,440
Speaker 5: was quite interesting. But look, it's clear to me now

530
00:24:49,480 --> 00:24:53,000
Speaker 5: having talked around the traps that there was a standoff.

531
00:24:53,600 --> 00:24:57,159
Speaker 5: There is some bad blood in the Labor Party about

532
00:24:57,160 --> 00:25:02,600
Speaker 5: all of this, because essentially Penny Henard and Willie Jackson,

533
00:25:03,480 --> 00:25:07,480
Speaker 5: who's the chair of the Maldi Caucus and the campaign

534
00:25:07,640 --> 00:25:11,400
Speaker 5: chair for the Labor Party, didn't really really see eye

535
00:25:11,400 --> 00:25:15,639
Speaker 5: to eye on very much at all. Penni Hena always

536
00:25:15,680 --> 00:25:18,920
Speaker 5: felt that he was on the outside and after thought

537
00:25:19,280 --> 00:25:22,320
Speaker 5: in the Labor Party caucus. Given the fact that he

538
00:25:22,400 --> 00:25:26,480
Speaker 5: was the most senior member of the Maudi Labor Caucus.

539
00:25:27,040 --> 00:25:29,360
Speaker 5: He felt that I think that he should have been

540
00:25:29,359 --> 00:25:32,800
Speaker 5: taken a bit more notice of he wasn't, and therefore

541
00:25:32,960 --> 00:25:39,680
Speaker 5: he decided that he would move on. Interestingly, I think,

542
00:25:39,720 --> 00:25:41,240
Speaker 5: and there's been a lot of talk around from the

543
00:25:41,240 --> 00:25:45,240
Speaker 5: people that have been talking to about Napoui, which is

544
00:25:45,280 --> 00:25:49,760
Speaker 5: the local harpoo here. They are about the biggest in

545
00:25:49,760 --> 00:25:52,720
Speaker 5: the country with one hundred and eighty five thousand members,

546
00:25:52,760 --> 00:25:55,680
Speaker 5: and the thing is whither. They are the only big

547
00:25:55,720 --> 00:26:00,119
Speaker 5: harpoo that haven't had a treaty settlement, essentially because they

548
00:26:00,320 --> 00:26:02,720
Speaker 5: can't agree with each other. Well, I look at when

549
00:26:02,760 --> 00:26:05,120
Speaker 5: I ran into Penny Henada, I said to him, well,

550
00:26:05,359 --> 00:26:10,399
Speaker 5: what about the negotiator for the pooh settlement? And funnily enough,

551
00:26:10,520 --> 00:26:14,360
Speaker 5: a number of years ago in Parliament Chris Finlayson, who

552
00:26:14,440 --> 00:26:19,040
Speaker 5: was the treaty negotiations minister, he endorsed him, endorsed Penny

553
00:26:19,040 --> 00:26:22,680
Speaker 5: Henad way back then as saying, this man isn't the

554
00:26:22,680 --> 00:26:25,119
Speaker 5: wrong place. He shouldn't be in Parliament, he should be

555
00:26:25,160 --> 00:26:29,080
Speaker 5: out negotiating the police settlement. So who knows with the

556
00:26:29,160 --> 00:26:34,879
Speaker 5: embrace of Chris Luxon and now Penny Henade being a

557
00:26:34,960 --> 00:26:36,840
Speaker 5: free agent, who knows what might happen?

558
00:26:36,840 --> 00:26:38,240
Speaker 2: And so what was the answer when you put it

559
00:26:38,240 --> 00:26:39,080
Speaker 2: to him? What did he say?

560
00:26:39,800 --> 00:26:43,000
Speaker 5: Oh, certainly not averse to it, no doubt about it.

561
00:26:43,040 --> 00:26:46,600
Speaker 5: I think I think essentially there will be a job

562
00:26:46,800 --> 00:26:50,240
Speaker 5: like that waiting in the wings for him, and it'll

563
00:26:50,240 --> 00:26:53,480
Speaker 5: be a few weeks before he steps out of Parliament.

564
00:26:54,160 --> 00:26:56,800
Speaker 5: And because he's a list MP, he doesn't have to

565
00:26:56,800 --> 00:27:00,840
Speaker 5: worry too much about replacements and what have you said? Yeah,

566
00:27:00,960 --> 00:27:02,600
Speaker 5: I think you'll be gone a couple of weeks and

567
00:27:02,920 --> 00:27:05,120
Speaker 5: there will be jobs in the offering for him.

568
00:27:05,600 --> 00:27:09,920
Speaker 2: How the Prime Minister's meeting with the EWEE chairs go, oh, well.

569
00:27:09,760 --> 00:27:14,640
Speaker 5: It was two hours and essentially it was a very

570
00:27:14,800 --> 00:27:18,800
Speaker 5: large meeting involving all the EWI chair at the chairs

571
00:27:18,840 --> 00:27:24,560
Speaker 5: forum and eight cabinet ministers were there. Now they were

572
00:27:24,600 --> 00:27:30,280
Speaker 5: each introduced to the forum and each tribe was talked

573
00:27:30,320 --> 00:27:34,080
Speaker 5: to by either the Minister or the Prime Minister. And

574
00:27:34,440 --> 00:27:38,399
Speaker 5: even though Thomas Potucker said, look, you know they were

575
00:27:38,440 --> 00:27:42,040
Speaker 5: quite aggressive at times, Luxon obviously heard a bit of

576
00:27:42,080 --> 00:27:45,159
Speaker 5: a different story because he sort of said, well, it

577
00:27:45,320 --> 00:27:48,600
Speaker 5: was much more progressive than that, and Mardy understood that

578
00:27:48,640 --> 00:27:50,840
Speaker 5: what we're trying to do. Well, you know, they both

579
00:27:50,880 --> 00:27:53,640
Speaker 5: they all came out of the meeting and they seemed

580
00:27:54,400 --> 00:27:57,240
Speaker 5: very happy with the results. So I think these EWEI

581
00:27:57,400 --> 00:28:02,000
Speaker 5: four are the best place for basically the leaders of

582
00:28:02,040 --> 00:28:06,280
Speaker 5: political parties because they're private and the EWEE chairs can

583
00:28:06,359 --> 00:28:11,320
Speaker 5: meet and have what at least as a reasonable respectful discussion,

584
00:28:11,359 --> 00:28:12,399
Speaker 5: and that's what they had today.

585
00:28:12,640 --> 00:28:14,560
Speaker 2: And as the Marti Queen turned up, is she.

586
00:28:15,720 --> 00:28:18,439
Speaker 5: Yeah, well there was a big palphyry on the treaty

587
00:28:18,480 --> 00:28:22,760
Speaker 5: grounds at one o'clock this afternoon. And interestingly, when she

588
00:28:22,960 --> 00:28:26,760
Speaker 5: was shown on with a lot of pomp and ceremony

589
00:28:27,359 --> 00:28:31,040
Speaker 5: to the White Tongui meeting House that there were words

590
00:28:31,040 --> 00:28:36,120
Speaker 5: spoken before she was welcomed on to the Marai, and

591
00:28:36,920 --> 00:28:41,240
Speaker 5: every speech that was made reminded those who were listening

592
00:28:41,600 --> 00:28:46,239
Speaker 5: that this is election year. So look, the election is

593
00:28:46,480 --> 00:28:50,240
Speaker 5: very important. And it's interesting now because I think the

594
00:28:50,320 --> 00:28:54,160
Speaker 5: Maori Party I haven't heard them mentioned and all the

595
00:28:54,200 --> 00:28:58,080
Speaker 5: time I've been here today. But certainly the play between

596
00:28:58,160 --> 00:29:04,160
Speaker 5: Penny here, the labor and Mari some Mardi seeing is

597
00:29:04,480 --> 00:29:08,360
Speaker 5: the not being very well done by by the government.

598
00:29:08,960 --> 00:29:11,880
Speaker 5: That is the talk, and the election is the key.

599
00:29:12,320 --> 00:29:14,120
Speaker 2: Barry, thanks very much, enjoy your time up there. That's

600
00:29:14,160 --> 00:29:17,800
Speaker 2: Barry Soper, senior political correspondent. Yeah, Shane Jones are certainly

601
00:29:17,800 --> 00:29:20,880
Speaker 2: stirring trouble on the front on the Penni Henad situation.

602
00:29:21,000 --> 00:29:24,640
Speaker 2: He says, the whole story is not yet publicly known,

603
00:29:25,400 --> 00:29:27,560
Speaker 2: as Barry's alluded to, there are some rumors already doing

604
00:29:27,560 --> 00:29:30,080
Speaker 2: the round, and as is always the case with the rumors,

605
00:29:30,200 --> 00:29:32,800
Speaker 2: you don't know if they're true or not until somebody

606
00:29:32,800 --> 00:29:35,479
Speaker 2: confirms them. In the most likely situations, no one ever

607
00:29:35,520 --> 00:29:38,920
Speaker 2: confirms them. But I think what you can take away

608
00:29:38,960 --> 00:29:42,080
Speaker 2: with or without confirmation, I think you can take what

609
00:29:42,120 --> 00:29:45,480
Speaker 2: you can take away from the situation as it unfolded yesterday,

610
00:29:46,080 --> 00:29:48,880
Speaker 2: is that there is clearly something that's happened between Penny

611
00:29:48,880 --> 00:29:52,560
Speaker 2: Henade and the Labor Party, or Penny Hennade and Chris Hapkins.

612
00:29:52,560 --> 00:29:54,680
Speaker 2: There are some bad blood there, and you could tell

613
00:29:54,840 --> 00:29:58,600
Speaker 2: because Chippy would not back Penny Henade yesterday. So definitely

614
00:29:58,600 --> 00:30:00,160
Speaker 2: more to the story. Let's hope we'll find out what

615
00:30:00,200 --> 00:30:03,480
Speaker 2: it is, but don't bank on it. Eight away from five. Heither,

616
00:30:03,560 --> 00:30:05,960
Speaker 2: if AA Insurance is pulling out of insurance in those

617
00:30:06,040 --> 00:30:09,560
Speaker 2: regions already named it, it most certainly is that Vero, their

618
00:30:09,640 --> 00:30:12,200
Speaker 2: sixty eight percent co owners will follow suit as they

619
00:30:12,240 --> 00:30:15,360
Speaker 2: are as it's probably likely the reinsurance of the reinsurance,

620
00:30:15,360 --> 00:30:17,720
Speaker 2: sorry are the same and will be dictating that move.

621
00:30:17,760 --> 00:30:19,600
Speaker 2: Watch to space, Howard, that's a fair point, thank you.

622
00:30:20,000 --> 00:30:23,680
Speaker 2: Five away from five. So this is an unbelievable story

623
00:30:23,680 --> 00:30:25,720
Speaker 2: of heroism from this little boy who swam to save

624
00:30:25,720 --> 00:30:28,400
Speaker 2: his family. But also, just like as a parent, you

625
00:30:28,440 --> 00:30:30,560
Speaker 2: would hope to never ever be in a situation where

626
00:30:30,560 --> 00:30:33,280
Speaker 2: you have to make that decision. What happened is that

627
00:30:33,320 --> 00:30:36,000
Speaker 2: it was a mum and her three kids, right, thirteen

628
00:30:36,040 --> 00:30:38,320
Speaker 2: year old boy and then two younger kids, not that

629
00:30:38,400 --> 00:30:40,160
Speaker 2: much younger, I think like ten and twelve or something

630
00:30:40,200 --> 00:30:42,960
Speaker 2: like that, oh, twelve and eight, brother and sister. The

631
00:30:43,720 --> 00:30:45,800
Speaker 2: three kids and the mum are out off the coast

632
00:30:45,800 --> 00:30:49,200
Speaker 2: of Western Australia, mucking around on a couple of paddleboards

633
00:30:49,200 --> 00:30:51,440
Speaker 2: and a kayaker whatever. And the wind gets up and

634
00:30:51,480 --> 00:30:53,560
Speaker 2: before they know it, they've drifted out too far to

635
00:30:53,600 --> 00:30:55,640
Speaker 2: see right, So and the waves are getting bigger and

636
00:30:55,680 --> 00:30:57,800
Speaker 2: they're really struggling to get back in. So the mum

637
00:30:57,880 --> 00:31:01,000
Speaker 2: makes the decision that she's going to batch the thirteen

638
00:31:01,080 --> 00:31:03,920
Speaker 2: year old back and ask him to police in one

639
00:31:03,920 --> 00:31:06,240
Speaker 2: of the kayaks, paddle back and go get some help

640
00:31:06,240 --> 00:31:07,800
Speaker 2: because she cannot get these kids in by it, and

641
00:31:08,680 --> 00:31:10,880
Speaker 2: being the eldest, she sends them off right. But then

642
00:31:10,920 --> 00:31:13,880
Speaker 2: what happens is this kid takes such a long time,

643
00:31:14,480 --> 00:31:18,600
Speaker 2: four hours pass, no sign of any rescue. She thinks, Oh,

644
00:31:18,640 --> 00:31:22,080
Speaker 2: dear God, what have I done. I've sent She presumably

645
00:31:22,120 --> 00:31:24,600
Speaker 2: thinks the worst, the boy is dead. What's happened is

646
00:31:24,640 --> 00:31:26,840
Speaker 2: this boy has set off on the kayak and they

647
00:31:26,840 --> 00:31:29,160
Speaker 2: don't realize the kayak's actually badly dinged or whatever, and

648
00:31:29,160 --> 00:31:31,160
Speaker 2: it starts taking on some water, so and he's like

649
00:31:31,160 --> 00:31:32,880
Speaker 2: getting knocked around by the waves and stuff, and he's

650
00:31:32,880 --> 00:31:35,320
Speaker 2: paddling with one hand at one stage and trying to

651
00:31:35,360 --> 00:31:36,800
Speaker 2: keep the thing afloat, and it gets knocked out of

652
00:31:36,800 --> 00:31:38,920
Speaker 2: the kayak. Eventually he has to abandon the kayak and

653
00:31:38,960 --> 00:31:40,720
Speaker 2: there he is no life vest or anything, and he

654
00:31:40,760 --> 00:31:44,120
Speaker 2: starts swimming. That little boy thirteen years old, swam for

655
00:31:44,320 --> 00:31:48,360
Speaker 2: four k's before, and he thought, he said, he was

656
00:31:48,480 --> 00:31:50,840
Speaker 2: really scared. And you can imagine you're thirteen years old,

657
00:31:50,880 --> 00:31:53,440
Speaker 2: you're swimming that long. This is a like this took

658
00:31:53,480 --> 00:31:57,800
Speaker 2: him about four hours swimming that long. He is terrified. Eventually,

659
00:31:58,600 --> 00:32:01,840
Speaker 2: after four hours and seeing a shark and freaking out,

660
00:32:02,240 --> 00:32:05,040
Speaker 2: he finally makes it to shore. When he makes it

661
00:32:05,080 --> 00:32:06,880
Speaker 2: to shore, and he cannot believe that he's actually managed

662
00:32:06,920 --> 00:32:08,800
Speaker 2: to do that, he then has to sprint for two

663
00:32:08,880 --> 00:32:11,400
Speaker 2: k's in order to get back to his mum's bag,

664
00:32:11,680 --> 00:32:15,200
Speaker 2: grab her cell phone call emergency services. At this stage,

665
00:32:15,240 --> 00:32:17,400
Speaker 2: he thinks his family is dead. Both of them think

666
00:32:17,400 --> 00:32:19,840
Speaker 2: that the other lot is dead because they cannot possibly

667
00:32:19,840 --> 00:32:22,360
Speaker 2: have survived that long. Anyway, of course, the story ends

668
00:32:22,440 --> 00:32:25,360
Speaker 2: up being brilliant. She's drifted out fourteen k's with the

669
00:32:25,400 --> 00:32:28,360
Speaker 2: other kids off shore, that they get rescued, Everything is fine.

670
00:32:28,480 --> 00:32:32,240
Speaker 2: That little boy swam so hard and ran so hard

671
00:32:32,280 --> 00:32:34,600
Speaker 2: that when he finally went to school he was still

672
00:32:34,640 --> 00:32:39,200
Speaker 2: on crutches because his legs hurt that much. Imagine though,

673
00:32:39,520 --> 00:32:42,040
Speaker 2: being the mum and having to decide that you're going

674
00:32:42,080 --> 00:32:45,720
Speaker 2: to send your thirteen year old boy back. How heartbreaking

675
00:32:45,800 --> 00:32:47,960
Speaker 2: is that? Anyway, all's well, that ends well. So that

676
00:32:48,000 --> 00:32:50,120
Speaker 2: is a brilliant story, and I hope he gets all

677
00:32:50,120 --> 00:32:52,960
Speaker 2: the treats that he deserves for that. The Pa Toni

678
00:32:53,000 --> 00:32:55,440
Speaker 2: Street versus Jackson Street thing, we're we're going to cover

679
00:32:55,480 --> 00:32:58,800
Speaker 2: that off because it's obviously load of tosh as if.

680
00:32:59,440 --> 00:33:02,600
Speaker 2: But first up, Brad Olsen informetrics on why that unemployment

681
00:33:02,720 --> 00:33:05,840
Speaker 2: number is not actually as bad as it looks on paper.

682
00:33:06,360 --> 00:33:08,160
Speaker 2: News is Next, You're in.

683
00:33:14,640 --> 00:33:17,360
Speaker 1: The only drive show you can try, truck to ask

684
00:33:17,400 --> 00:33:20,840
Speaker 1: the questions, get the answers, find the fag sack and

685
00:33:21,560 --> 00:33:25,360
Speaker 1: give the analysis. Here the duplicyl and Drive with One

686
00:33:25,440 --> 00:33:28,800
Speaker 1: New Zealand and the Power of satellite mobile news Dogs

687
00:33:28,800 --> 00:33:29,120
Speaker 1: there'd be.

688
00:33:30,680 --> 00:33:33,840
Speaker 2: Afternoon. Unemployment has reached a ten year high of five

689
00:33:33,920 --> 00:33:36,400
Speaker 2: point four percent, up from five point three. This takes

690
00:33:36,440 --> 00:33:38,120
Speaker 2: us back to a level we haven't been at since

691
00:33:38,120 --> 00:33:41,800
Speaker 2: September twenty fifteen. But it's not all bad. Infometrics are

692
00:33:41,800 --> 00:33:43,960
Speaker 2: seeing some good under that hood, and the chief executive,

693
00:33:43,960 --> 00:33:46,840
Speaker 2: Brad Olsen, is with us. Now, Hi, Brad, good evening.

694
00:33:46,880 --> 00:33:48,240
Speaker 2: What are the numbers that you like here?

695
00:33:49,440 --> 00:33:51,400
Speaker 9: Well, the biggest one for us is the fact that

696
00:33:51,440 --> 00:33:55,280
Speaker 9: employment rows a fairly strong point five percent in the quarter,

697
00:33:55,440 --> 00:33:58,560
Speaker 9: so we did actually see more jobs activity. The reason

698
00:33:58,560 --> 00:34:01,800
Speaker 9: that that unemployment rate also so increased, though, is because

699
00:34:01,840 --> 00:34:05,600
Speaker 9: participation rose from seventy point three to seventy point five.

700
00:34:05,960 --> 00:34:08,200
Speaker 9: What that means is there's a whole bunch of people

701
00:34:08,280 --> 00:34:11,319
Speaker 9: who previously they weren't counted as unemployed because they were

702
00:34:11,400 --> 00:34:13,759
Speaker 9: out of the labor force. They weren't looking for work,

703
00:34:13,800 --> 00:34:16,440
Speaker 9: they weren't available. Now there are a few more jobs

704
00:34:16,440 --> 00:34:19,279
Speaker 9: starting to come around. They are making themselves available to

705
00:34:19,320 --> 00:34:22,400
Speaker 9: get back into work, but they're now counted as unemployed

706
00:34:22,400 --> 00:34:25,960
Speaker 9: whereas they weren't before, which has lifted that number so effectively.

707
00:34:26,040 --> 00:34:28,239
Speaker 9: You are starting to see a bit more of an

708
00:34:28,239 --> 00:34:31,120
Speaker 9: improvement in that job's trend. It's just the meaning that

709
00:34:31,160 --> 00:34:33,600
Speaker 9: you've both got more people who are looking for jobs

710
00:34:33,640 --> 00:34:35,439
Speaker 9: as well as those who are actually getting them.

711
00:34:35,920 --> 00:34:38,520
Speaker 2: Now, a lot of the jobs that have been added

712
00:34:38,560 --> 00:34:41,239
Speaker 2: appear to be part time jobs. Is that a sign

713
00:34:41,320 --> 00:34:43,680
Speaker 2: that employers are just sort of dipping their toes but

714
00:34:43,719 --> 00:34:44,839
Speaker 2: not fully confident yet.

715
00:34:45,920 --> 00:34:47,600
Speaker 9: Yeah, it does seem to be part of that. I

716
00:34:47,640 --> 00:34:50,719
Speaker 9: mean fifty five percent, so just over half of the

717
00:34:50,800 --> 00:34:54,360
Speaker 9: new jobs we saw in the quarter were part time roles,

718
00:34:54,640 --> 00:34:56,680
Speaker 9: and it does suggest that. Look when you look at

719
00:34:56,680 --> 00:34:58,880
Speaker 9: the number of hours being offered out there, it's not

720
00:34:58,960 --> 00:35:02,520
Speaker 9: particularly wrong yet and probably consistent with the fact that

721
00:35:02,560 --> 00:35:05,560
Speaker 9: the job add numbers, the number of roles being advertised

722
00:35:05,760 --> 00:35:08,520
Speaker 9: hasn't really jumped up strongly either, So there's a bit

723
00:35:08,560 --> 00:35:11,200
Speaker 9: of a turn, but it's sort of not as forthright yet,

724
00:35:11,440 --> 00:35:14,719
Speaker 9: which also comes in when you look at the underutilization rate,

725
00:35:14,800 --> 00:35:18,319
Speaker 9: so slightly broader than unemployment. It looks at the number

726
00:35:18,320 --> 00:35:20,640
Speaker 9: of people who don't have a job, those who have

727
00:35:20,719 --> 00:35:23,160
Speaker 9: a job that would like to work more hours, and

728
00:35:23,200 --> 00:35:25,640
Speaker 9: those who are not currently looking but they probably could

729
00:35:25,640 --> 00:35:29,440
Speaker 9: be convinced into it. That rate was steady at thirteen

730
00:35:29,480 --> 00:35:32,200
Speaker 9: percent which does suggest you're sort of seeing people who

731
00:35:32,239 --> 00:35:35,440
Speaker 9: weren't previously looking are now looking. Those who were looking

732
00:35:35,480 --> 00:35:38,480
Speaker 9: already have maybe have got a job but on reduced hours,

733
00:35:38,520 --> 00:35:42,160
Speaker 9: but they are looking for more. So some encouraging signs

734
00:35:42,239 --> 00:35:45,440
Speaker 9: at least better than that five point four percent unemployment

735
00:35:45,480 --> 00:35:49,520
Speaker 9: rate might suggest, but again not necessarily absolutely rapidly firing

736
00:35:49,640 --> 00:35:50,800
Speaker 9: labor market momentum.

737
00:35:51,120 --> 00:35:53,719
Speaker 2: Aliston, I'm just that business about the employers that are

738
00:35:53,719 --> 00:35:55,920
Speaker 2: dipping their toes and not having full confidence to go

739
00:35:55,960 --> 00:35:58,640
Speaker 2: full noise into full employment. What is going on here

740
00:35:58,640 --> 00:36:00,839
Speaker 2: with our recovery? Why are we being as warbly as

741
00:36:00,840 --> 00:36:02,040
Speaker 2: we are at the start of this year.

742
00:36:03,120 --> 00:36:05,440
Speaker 9: Well, I think it's possibly because we got burnt a

743
00:36:05,440 --> 00:36:08,080
Speaker 9: bit with the expectations of recovery last year. You know,

744
00:36:08,280 --> 00:36:11,480
Speaker 9: we talked about twenty five and about getting momentum back

745
00:36:11,480 --> 00:36:13,800
Speaker 9: and it just didn't really get under weigh as much.

746
00:36:13,920 --> 00:36:15,719
Speaker 9: And I think there's still a bit of a you know,

747
00:36:16,320 --> 00:36:19,600
Speaker 9: a circular thing here where for businesses they need to

748
00:36:19,640 --> 00:36:22,600
Speaker 9: see stronger business sales coming through their front door before

749
00:36:22,600 --> 00:36:24,240
Speaker 9: they commit to hiring more workers.

750
00:36:24,920 --> 00:36:27,440
Speaker 2: But so, Brad, are we sizing up that RB governor

751
00:36:27,480 --> 00:36:29,239
Speaker 2: before we're sure of what she's about.

752
00:36:29,920 --> 00:36:32,960
Speaker 9: Well a little potentially, but I suspect we're probably more

753
00:36:32,960 --> 00:36:36,360
Speaker 9: sizing up that uncomfortable inflation to start with, Like probably

754
00:36:36,360 --> 00:36:38,839
Speaker 9: no matter who the governor would be, three point one

755
00:36:38,840 --> 00:36:41,360
Speaker 9: percent inflation does sort of set the catamacts of pigeons

756
00:36:41,360 --> 00:36:43,000
Speaker 9: a little bit. You saw what the Reserve Bank of

757
00:36:43,000 --> 00:36:45,640
Speaker 9: Australia had to do yesterday in terms of lifting rates.

758
00:36:45,840 --> 00:36:48,480
Speaker 9: But I think probably all of this boils down for

759
00:36:48,600 --> 00:36:51,719
Speaker 9: households that they're seeing that you know, inflation figure coming up.

760
00:36:51,880 --> 00:36:54,839
Speaker 9: They're still uncertain about their job prospects, and that means

761
00:36:54,840 --> 00:36:57,719
Speaker 9: that people are still acting fairly cautious. So until that

762
00:36:57,760 --> 00:36:59,880
Speaker 9: turns around. We did see a little bit more DAR

763
00:37:00,280 --> 00:37:03,160
Speaker 9: showing consumer confidence has bounced a bit higher, but I

764
00:37:03,200 --> 00:37:05,399
Speaker 9: still think people are a little bit shy, a little

765
00:37:05,400 --> 00:37:08,040
Speaker 9: bit cautious so far, and that's extending to businesses and

766
00:37:08,040 --> 00:37:08,839
Speaker 9: they're hiring too.

767
00:37:09,120 --> 00:37:10,520
Speaker 2: It's good to talk to you, Brad as always. Thank

768
00:37:10,520 --> 00:37:14,200
Speaker 2: you Brad Elson. CEO of Informetrics, Heather Duper see Allen.

769
00:37:14,400 --> 00:37:17,360
Speaker 2: Yet another town is being abandoned, at least new policy wise,

770
00:37:17,400 --> 00:37:19,840
Speaker 2: by AA Insurance. The insurer has announced it will no

771
00:37:19,880 --> 00:37:22,839
Speaker 2: longer be offering new home insurance policies in Blenham after

772
00:37:22,840 --> 00:37:24,839
Speaker 2: doing the same to wood End in North Canterbury and

773
00:37:24,960 --> 00:37:27,360
Speaker 2: Westport in order to manage its risk. Now at the

774
00:37:27,360 --> 00:37:29,400
Speaker 2: same time, the government has announced a review into the

775
00:37:29,440 --> 00:37:31,360
Speaker 2: sector to look at where the home insurance is priced

776
00:37:31,400 --> 00:37:34,560
Speaker 2: fairly and affordably. Chris Farfoy is the chief executive of

777
00:37:34,640 --> 00:37:35,960
Speaker 2: the Insurance Counsel.

778
00:37:35,680 --> 00:37:38,359
Speaker 13: And with us I far good arsenat how are you heavy?

779
00:37:38,400 --> 00:37:40,840
Speaker 2: And well thank you? Do you know what AA's reason

780
00:37:40,880 --> 00:37:43,080
Speaker 2: for pausing that the new policies and Blennim is.

781
00:37:44,320 --> 00:37:47,680
Speaker 13: Look, they've said, and I will reiterate that, you know,

782
00:37:47,719 --> 00:37:50,400
Speaker 13: they feel that they've reached the maximum threshold for exposure

783
00:37:50,960 --> 00:37:55,080
Speaker 13: in that market. So that's obviously a business decision that

784
00:37:55,120 --> 00:37:57,120
Speaker 13: they have made, and they've obviously made it in a

785
00:37:57,160 --> 00:38:00,359
Speaker 13: couple of other markets recently. But I'm from time to time,

786
00:38:00,800 --> 00:38:04,600
Speaker 13: you know, members do review their exposure in particular markets,

787
00:38:04,600 --> 00:38:07,600
Speaker 13: and in this instance, AA has obviously taken on their

788
00:38:07,640 --> 00:38:09,719
Speaker 13: own business decision. But I just want to reiterate that

789
00:38:10,040 --> 00:38:14,040
Speaker 13: they're still in their supporting their current members, members and customers,

790
00:38:14,640 --> 00:38:16,799
Speaker 13: and we asked people remind people to shop around. There's

791
00:38:16,800 --> 00:38:19,600
Speaker 13: still other insurers in those markets who are offering intro.

792
00:38:19,719 --> 00:38:22,360
Speaker 2: I'm just what I'm confused about. Is it current exposure

793
00:38:22,400 --> 00:38:24,920
Speaker 2: to what is it? Exposure to flooding? Is exposure to

794
00:38:25,120 --> 00:38:26,680
Speaker 2: just seismic risk? Whatord is it?

795
00:38:27,320 --> 00:38:29,319
Speaker 13: I think what they said in particular markets and some

796
00:38:29,360 --> 00:38:31,880
Speaker 13: instances it might be flooding and others that might be seismic.

797
00:38:31,960 --> 00:38:34,399
Speaker 13: So it really depends on the risk of the year, Heather.

798
00:38:34,719 --> 00:38:37,160
Speaker 13: But in those in those in those markets, they think

799
00:38:37,160 --> 00:38:38,480
Speaker 13: they've topped out.

800
00:38:39,840 --> 00:38:42,440
Speaker 2: Something to me, though, why don't they just you know,

801
00:38:42,719 --> 00:38:46,080
Speaker 2: raise the raise the price of the premium, like, just

802
00:38:46,160 --> 00:38:49,440
Speaker 2: make it make it expensive to reflect the risk instead

803
00:38:49,480 --> 00:38:51,240
Speaker 2: of instead of stopping all together.

804
00:38:51,920 --> 00:38:54,120
Speaker 13: Look, they all make their own business decisions about how

805
00:38:54,160 --> 00:38:56,319
Speaker 13: MAT's exposure they want to have on their books, and

806
00:38:56,360 --> 00:38:59,480
Speaker 13: sometimes their reinsurers can say to them, look, in this

807
00:38:59,600 --> 00:39:04,279
Speaker 13: area will reinsure you if we'll give you the reinsurance

808
00:39:04,600 --> 00:39:07,399
Speaker 13: capacity if you keep it to this. And I don't

809
00:39:07,400 --> 00:39:10,480
Speaker 13: know if that's the case, but in many instances when

810
00:39:10,480 --> 00:39:12,640
Speaker 13: they speak to their reinsurance they say, look, in this area,

811
00:39:12,760 --> 00:39:14,960
Speaker 13: we can reinsure this much. And if they don't have

812
00:39:15,080 --> 00:39:17,880
Speaker 13: enough insurance reinsurance capacity, then they will do in some

813
00:39:18,000 --> 00:39:21,120
Speaker 13: instances what they've done now I don't know precisely the decision,

814
00:39:21,440 --> 00:39:24,960
Speaker 13: but they've obviously said in a general sense that they've

815
00:39:25,040 --> 00:39:28,200
Speaker 13: met that, you know, they've met the threshold of their

816
00:39:28,520 --> 00:39:30,400
Speaker 13: limit of exposure in some of those areas.

817
00:39:30,480 --> 00:39:34,200
Speaker 2: Do you foresee a future where insurance just becomes so

818
00:39:34,320 --> 00:39:39,040
Speaker 2: expensive that most of us ought not to be insured

819
00:39:39,080 --> 00:39:40,800
Speaker 2: anymore in this country? Is that possible?

820
00:39:41,760 --> 00:39:43,120
Speaker 13: Look, we know where near that, And that's why I

821
00:39:43,160 --> 00:39:45,040
Speaker 13: want to reiterate it. This is just one insurer, and

822
00:39:45,120 --> 00:39:48,080
Speaker 13: we've still got twenty one other insurance as Insurance Council

823
00:39:48,080 --> 00:39:52,480
Speaker 13: members who continue to offer insurance across the board. What

824
00:39:52,520 --> 00:39:54,000
Speaker 13: we've been saying for some time, and I think I've

825
00:39:54,040 --> 00:39:56,960
Speaker 13: been on the showhither, is that there are things on

826
00:39:56,960 --> 00:40:00,560
Speaker 13: the horizon, like extreme weather that we expect happen more

827
00:40:00,560 --> 00:40:03,239
Speaker 13: often and to be more extreme, that that will be

828
00:40:03,280 --> 00:40:03,720
Speaker 13: a challenge.

829
00:40:03,760 --> 00:40:05,200
Speaker 1: First, that's not just that far.

830
00:40:05,400 --> 00:40:07,000
Speaker 2: I mean, I was talking about this. I'm sorry to

831
00:40:07,040 --> 00:40:09,080
Speaker 2: interrupt you, but I was talking about this on the

832
00:40:09,080 --> 00:40:11,960
Speaker 2: show earlier this week. I've got a twenty year old

833
00:40:12,080 --> 00:40:14,359
Speaker 2: jeep wrangler that you know, I only drive a couple

834
00:40:14,400 --> 00:40:16,840
Speaker 2: of months a year or whatever. But the insurance cost

835
00:40:16,880 --> 00:40:18,319
Speaker 2: of that, I mean, this is and this is not

836
00:40:18,360 --> 00:40:20,319
Speaker 2: related to whether, but the insurance cost of that is

837
00:40:20,360 --> 00:40:22,719
Speaker 2: now so high, and even on a good wicket, I

838
00:40:22,760 --> 00:40:24,160
Speaker 2: look at that, I go, that's not worth it. I

839
00:40:24,239 --> 00:40:26,880
Speaker 2: might go third party. So it's across everything, isn't it.

840
00:40:26,880 --> 00:40:29,880
Speaker 2: It's across home insurance for whether related stuff or earthquake stuff.

841
00:40:29,920 --> 00:40:33,440
Speaker 2: Cars are expensive now, health insurance is expensive. Medical insurance

842
00:40:33,480 --> 00:40:35,640
Speaker 2: is expensive. It's starting to feel a little bit and

843
00:40:35,680 --> 00:40:37,640
Speaker 2: tell me if I'm wrong, but it's starting to feel

844
00:40:37,640 --> 00:40:39,919
Speaker 2: a little bit like insurance companies are taking the mickey

845
00:40:39,960 --> 00:40:41,680
Speaker 2: and seeing how far they can push us before we

846
00:40:41,760 --> 00:40:42,239
Speaker 2: drop off.

847
00:40:42,880 --> 00:40:45,319
Speaker 13: Look, of course i'd say that, but I say this,

848
00:40:45,480 --> 00:40:48,799
Speaker 13: but no, they're not. We're afflicting the risks that are

849
00:40:49,560 --> 00:40:53,960
Speaker 13: eminent and real for a lot of customers, especially when

850
00:40:53,960 --> 00:40:56,920
Speaker 13: it comes to high risk areas to flooding, etc. It's

851
00:40:56,960 --> 00:41:00,799
Speaker 13: becoming a real challenge with cars, depends on who's driving

852
00:41:00,880 --> 00:41:03,880
Speaker 13: or what you've got. But you know, I again, I

853
00:41:03,960 --> 00:41:06,400
Speaker 13: want to reiterate the importance of doing a bit of

854
00:41:06,400 --> 00:41:09,680
Speaker 13: shopping around in those areas where it's become a challenge

855
00:41:09,680 --> 00:41:11,880
Speaker 13: for some people who are looking to AA. There are

856
00:41:11,920 --> 00:41:13,640
Speaker 13: other insurers who are I'm sure are still in the

857
00:41:13,680 --> 00:41:16,440
Speaker 13: market who can offer as well. But you are you know,

858
00:41:16,560 --> 00:41:19,120
Speaker 13: the government is looking at a review or some of

859
00:41:19,120 --> 00:41:22,080
Speaker 13: the drivers of the premiums. And we've been saying for

860
00:41:22,120 --> 00:41:24,719
Speaker 13: some time there are some drivers of costs that we

861
00:41:24,760 --> 00:41:27,439
Speaker 13: want to look at too, like well at home. Well,

862
00:41:27,600 --> 00:41:29,319
Speaker 13: people who might be at home at at the moment

863
00:41:29,400 --> 00:41:31,400
Speaker 13: saying yes, I want to know about that might not

864
00:41:31,480 --> 00:41:34,400
Speaker 13: realize that about forty five forty six percent of their

865
00:41:34,440 --> 00:41:37,360
Speaker 13: house insurance is actually the likes of levies and taxes.

866
00:41:37,760 --> 00:41:40,279
Speaker 13: So there's a fends levy for foreign emergency that in

867
00:41:40,360 --> 00:41:44,480
Speaker 13: Natural Hazards Commission levy GST. So there's a lot of

868
00:41:44,840 --> 00:41:47,280
Speaker 13: costs in premiums for a house that actually the insurance

869
00:41:47,320 --> 00:41:48,320
Speaker 13: sector doesn't control.

870
00:41:48,400 --> 00:41:50,360
Speaker 2: What about my packwer what's going on there?

871
00:41:51,000 --> 00:41:51,239
Speaker 5: Well?

872
00:41:51,280 --> 00:41:53,320
Speaker 13: You know, actually if you look at the inflation figures

873
00:41:53,520 --> 00:41:55,640
Speaker 13: that came out last month, here there's some of the

874
00:41:55,880 --> 00:41:59,200
Speaker 13: I think car insurance actually got a lot cheaper in

875
00:41:59,239 --> 00:42:03,920
Speaker 13: the last quartered compare there. And it does depend on

876
00:42:04,080 --> 00:42:07,319
Speaker 13: who you're looking to shop with and what your scenario is.

877
00:42:07,360 --> 00:42:09,040
Speaker 13: You know, if you're a good driver and you've got

878
00:42:09,080 --> 00:42:11,719
Speaker 13: a relatively cheap card, then you mon't be paying much.

879
00:42:12,160 --> 00:42:15,400
Speaker 13: But if you've got some challenges. Then obviously the insurance

880
00:42:15,440 --> 00:42:17,640
Speaker 13: company is going to look at you a little differently.

881
00:42:17,760 --> 00:42:19,200
Speaker 2: All right, listen, it's good to talk to you. Thank

882
00:42:19,239 --> 00:42:22,160
Speaker 2: you for your time. There's Chris Fafoy, Insurance Council Chief Executive.

883
00:42:22,160 --> 00:42:22,520
Speaker 18: I don't know.

884
00:42:22,719 --> 00:42:24,880
Speaker 2: Does that make you feel better about the situation? Probably

885
00:42:24,960 --> 00:42:29,600
Speaker 2: not right. Let's thet's deal with this nonsense about Jackson

886
00:42:29,640 --> 00:42:34,719
Speaker 2: Street and Potoni next sixteen past five. If you've got

887
00:42:34,760 --> 00:42:38,120
Speaker 2: some old jewelry, so like a PAORLN dealer, you've got

888
00:42:38,160 --> 00:42:39,880
Speaker 2: some old jewelry lying around? Have I got a deal

889
00:42:39,920 --> 00:42:41,279
Speaker 2: for you, bat, I've got something to tell you about

890
00:42:41,280 --> 00:42:44,040
Speaker 2: that to stand by. It's nineteen past five. Now there's

891
00:42:44,080 --> 00:42:46,879
Speaker 2: a controversial call in the Herald today in an opinion piece,

892
00:42:46,920 --> 00:42:50,239
Speaker 2: which is that Patoni's Jackson Street is now cooler than

893
00:42:50,280 --> 00:42:53,320
Speaker 2: Cuba Street in Wellington, CBD, which of course is famously

894
00:42:53,520 --> 00:42:57,120
Speaker 2: very very cool. Now Hell's Hats is a retailer on

895
00:42:57,280 --> 00:42:59,640
Speaker 2: Jackson Street, and the owner, Simon Smarts Kennedy, is with

896
00:42:59,760 --> 00:43:00,160
Speaker 2: us this.

897
00:43:00,239 --> 00:43:03,200
Speaker 1: I sign in hello, how are you well?

898
00:43:03,280 --> 00:43:05,080
Speaker 2: Thank you sell it to me? Because I don't believe

899
00:43:05,120 --> 00:43:06,000
Speaker 2: this so slid to me.

900
00:43:07,280 --> 00:43:14,319
Speaker 19: Uh well, we we opened up Atlantis, which was. It's

901
00:43:14,320 --> 00:43:17,960
Speaker 19: around the corner, and the difference with the foot traffic

902
00:43:18,040 --> 00:43:20,799
Speaker 19: and so on is huge, and we looked at going

903
00:43:20,880 --> 00:43:27,080
Speaker 19: into town. We're really thankful that we landed just around

904
00:43:27,120 --> 00:43:31,680
Speaker 19: the corner in Botany, where the foot traffic is fantastic.

905
00:43:31,760 --> 00:43:33,880
Speaker 19: And it's also the caliber of those that are that

906
00:43:33,960 --> 00:43:36,560
Speaker 19: are walking and coming out to Potony. You know that

907
00:43:36,920 --> 00:43:39,560
Speaker 19: they come out to be entertained, whether it be in

908
00:43:39,920 --> 00:43:43,480
Speaker 19: you know, one of the sixty eateries and all the

909
00:43:43,560 --> 00:43:46,520
Speaker 19: other little sort of boutique stores that are there. I mean,

910
00:43:46,560 --> 00:43:51,160
Speaker 19: there's virtually everything available and and it's pumping. It's great.

911
00:43:51,920 --> 00:43:52,080
Speaker 7: Now.

912
00:43:52,400 --> 00:43:55,200
Speaker 2: I don't want to be unkind, but it feels like

913
00:43:55,760 --> 00:43:57,600
Speaker 2: is Jackson Street not just a whole bunch of op

914
00:43:57,640 --> 00:43:59,080
Speaker 2: shops and vegan bakeries.

915
00:44:00,640 --> 00:44:01,320
Speaker 20: We've got all of that.

916
00:44:01,520 --> 00:44:02,640
Speaker 19: So certainly come out for that.

917
00:44:04,120 --> 00:44:04,719
Speaker 2: I don't want to.

918
00:44:06,880 --> 00:44:10,400
Speaker 19: Well, there's plenty for you. There's plenty for the caliber

919
00:44:10,440 --> 00:44:13,880
Speaker 19: of the restaurants out there, all the different cuisines and

920
00:44:13,920 --> 00:44:15,880
Speaker 19: so on. I mean, there's something for everyone, whether it

921
00:44:16,000 --> 00:44:20,359
Speaker 19: even just be your pubs, your breweries, you know, right

922
00:44:20,480 --> 00:44:24,520
Speaker 19: through from high end Italian restaurants to Indian restaurants to

923
00:44:25,480 --> 00:44:27,800
Speaker 19: you know, your kebab stores, and then there's all the

924
00:44:27,840 --> 00:44:30,400
Speaker 19: little cafes as well. So I mean there's there's certainly

925
00:44:30,520 --> 00:44:33,480
Speaker 19: if you're if you're a foodie, there's certainly something there

926
00:44:33,560 --> 00:44:33,759
Speaker 19: for you.

927
00:44:33,920 --> 00:44:37,000
Speaker 2: Simon. This is just what I reckon has happened here,

928
00:44:37,640 --> 00:44:40,200
Speaker 2: is that there are a whole bunch of like you know,

929
00:44:40,600 --> 00:44:43,399
Speaker 2: older millennials my age who are having kids priced out

930
00:44:43,400 --> 00:44:45,480
Speaker 2: of Wellington CBD. So they've all gone and lived in

931
00:44:45,560 --> 00:44:48,279
Speaker 2: Potoni and now because they have the power to tell

932
00:44:48,360 --> 00:44:50,120
Speaker 2: people what they think is cool and this and this

933
00:44:50,280 --> 00:44:52,400
Speaker 2: is their local place on Jackson Street, it's cool. That's

934
00:44:52,400 --> 00:44:54,080
Speaker 2: basically what's happened is just where all the mums and

935
00:44:54,160 --> 00:44:55,040
Speaker 2: dads live nowadays.

936
00:44:56,520 --> 00:44:59,279
Speaker 19: I mean there certainly there's a lot of people moving

937
00:44:59,320 --> 00:45:04,239
Speaker 19: out to the valley and we've certainly noticed that, but

938
00:45:04,360 --> 00:45:06,040
Speaker 19: I mean there's people that also drive out. I mean,

939
00:45:06,080 --> 00:45:08,920
Speaker 19: we've got some pretty big superstares out here now there

940
00:45:08,920 --> 00:45:13,280
Speaker 19: down one end, which is nice. And so the actual

941
00:45:13,400 --> 00:45:16,080
Speaker 19: Jackson Street still has that old style, that old flavor.

942
00:45:16,440 --> 00:45:17,799
Speaker 19: I mean, I mean it's sort of like a little

943
00:45:17,840 --> 00:45:22,160
Speaker 19: beach community to a certain degree. And and you know,

944
00:45:22,320 --> 00:45:25,520
Speaker 19: like we've we've decided to go there, you know, our

945
00:45:25,600 --> 00:45:30,000
Speaker 19: hats store would fit anywhere worldwide on any sort of

946
00:45:30,080 --> 00:45:33,000
Speaker 19: high end street. And like you know, we've got everything

947
00:45:33,120 --> 00:45:35,960
Speaker 19: from you know, the House of Knives, We've got picture framers,

948
00:45:36,200 --> 00:45:40,000
Speaker 19: we've got boutique chocolate makers. You know, there's there's a

949
00:45:40,120 --> 00:45:43,240
Speaker 19: lot of people there that have you know, their artisan

950
00:45:43,320 --> 00:45:46,080
Speaker 19: businesses that are set up store. And I mean in

951
00:45:46,160 --> 00:45:48,000
Speaker 19: this day and age and not it's not all online.

952
00:45:48,040 --> 00:45:51,080
Speaker 19: We're noticing people actually want that contact people.

953
00:45:51,160 --> 00:45:55,080
Speaker 2: And yeah, I appreciate your running us through. Thanks man,

954
00:45:55,160 --> 00:45:56,880
Speaker 2: and best of luck with the hats that Simon sparts

955
00:45:56,960 --> 00:45:58,839
Speaker 2: Kennedy Hill's hats. And I'm gonna tell you why why

956
00:45:58,880 --> 00:46:01,120
Speaker 2: I call BS on this and we'll get to it.

957
00:46:01,920 --> 00:46:05,680
Speaker 2: But first, David Seymour five twenty two, the name.

958
00:46:05,640 --> 00:46:08,919
Speaker 1: You trust to get the answers you need, it's Heather

959
00:46:09,080 --> 00:46:12,960
Speaker 1: Duplicy Ellen Drive with one New Zealand coverage like no

960
00:46:13,160 --> 00:46:14,960
Speaker 1: one else us talk they'd be.

961
00:46:15,880 --> 00:46:17,560
Speaker 2: What I needed to tell you about the price of

962
00:46:17,920 --> 00:46:20,800
Speaker 2: about your jewelry is that silver and gold searchers on

963
00:46:20,880 --> 00:46:23,320
Speaker 2: Trade Me are go wang Off. So we're going to

964
00:46:23,360 --> 00:46:25,160
Speaker 2: talk to trade Me about it after half past now

965
00:46:25,200 --> 00:46:27,520
Speaker 2: it's twenty five past five. Now, given that it's the

966
00:46:27,640 --> 00:46:29,560
Speaker 2: very start of the year and it's election year to boot,

967
00:46:29,560 --> 00:46:31,320
Speaker 2: I'm going to do the incredibly arrogant thing, and I

968
00:46:31,440 --> 00:46:33,239
Speaker 2: realize it's arrogant, but I am going to do this

969
00:46:33,360 --> 00:46:35,440
Speaker 2: thing of handing out some free advice over the next well,

970
00:46:35,480 --> 00:46:36,680
Speaker 2: I don't know, a couple of weeks or whatever, and

971
00:46:36,800 --> 00:46:38,800
Speaker 2: I'm going to start today with the ACT Party. So

972
00:46:38,880 --> 00:46:41,080
Speaker 2: I was a little disappointed today to open the Herald

973
00:46:41,160 --> 00:46:44,759
Speaker 2: and read David Seymour's opinion piece yet again about how

974
00:46:44,800 --> 00:46:47,439
Speaker 2: the Treaty should mean equal rights. Now it's not because

975
00:46:47,440 --> 00:46:49,520
Speaker 2: he's wrong, because I actually think he's right. And it's

976
00:46:49,560 --> 00:46:51,720
Speaker 2: not because I think he needs to drop the subject altogether,

977
00:46:51,760 --> 00:46:54,319
Speaker 2: because I think he's actually obligated to try again. If

978
00:46:54,360 --> 00:46:57,520
Speaker 2: he's in coalition negotiations after the next election, he should

979
00:46:57,560 --> 00:46:59,840
Speaker 2: try to get the Treaty Principal's Bill or something like

980
00:46:59,920 --> 00:47:03,560
Speaker 2: that across the line again. But this opinion piece on

981
00:47:03,680 --> 00:47:06,160
Speaker 2: why Tonguey Day this year feels completely off the vibe

982
00:47:06,160 --> 00:47:09,200
Speaker 2: because the Treaty debate is dead for this selectoral term.

983
00:47:09,320 --> 00:47:11,480
Speaker 2: Right between now an election day. It's just not going

984
00:47:11,560 --> 00:47:13,719
Speaker 2: to happen. And this is a white tonguey day where

985
00:47:13,719 --> 00:47:16,160
Speaker 2: everyone is trying to get a get along very hard

986
00:47:16,280 --> 00:47:18,120
Speaker 2: at the moment. That trying very hard because it's been

987
00:47:18,320 --> 00:47:21,560
Speaker 2: particularly bruising few years because of the Treaty Principles Bill.

988
00:47:21,840 --> 00:47:24,239
Speaker 2: So given that there is nothing to progress with this

989
00:47:24,440 --> 00:47:26,560
Speaker 2: argument right now, it just feels like he's picking at

990
00:47:26,600 --> 00:47:29,880
Speaker 2: a scab. In Act's defense, he was asked to submit

991
00:47:29,920 --> 00:47:32,400
Speaker 2: an opinion piece to the Herald. He could have said no, though,

992
00:47:32,640 --> 00:47:33,959
Speaker 2: and I think he should have said no. That would

993
00:47:33,960 --> 00:47:35,800
Speaker 2: have been better than making himself sound like a broken

994
00:47:35,880 --> 00:47:37,880
Speaker 2: record on a subject that most of us have at

995
00:47:38,000 --> 00:47:39,879
Speaker 2: least temporarily moved on from.

996
00:47:40,280 --> 00:47:40,440
Speaker 5: Now.

997
00:47:40,560 --> 00:47:42,919
Speaker 2: If he is scratching around for something to talk about,

998
00:47:42,960 --> 00:47:45,600
Speaker 2: he has an idea. How about tax ax. Promised to

999
00:47:45,600 --> 00:47:48,120
Speaker 2: scrap the thirty nine percent tax rate before the last election,

1000
00:47:48,239 --> 00:47:50,919
Speaker 2: still hasn't done it. Two years in people in every

1001
00:47:50,960 --> 00:47:53,960
Speaker 2: single tax bracket will be dying for more tax relief

1002
00:47:54,320 --> 00:47:57,239
Speaker 2: in the still soft economic recovery. And it's in their name,

1003
00:47:57,600 --> 00:48:00,640
Speaker 2: the Association of Consumers and Taxpayers. So maybe a little

1004
00:48:00,680 --> 00:48:02,480
Speaker 2: bit less of the race stuff, a little bit more

1005
00:48:02,480 --> 00:48:05,279
Speaker 2: of the tax stuff because it's the economy stupid. Just

1006
00:48:05,360 --> 00:48:07,120
Speaker 2: a bit of free advice, Signed Heather of.

1007
00:48:07,160 --> 00:48:09,320
Speaker 1: Auckland Heather duplusy Ellen.

1008
00:48:09,600 --> 00:48:15,040
Speaker 2: Okay, so where this old business of Petoni's Jackson Street

1009
00:48:15,080 --> 00:48:18,080
Speaker 2: has come from is? Joanna Wayne has written this opinion

1010
00:48:18,120 --> 00:48:20,080
Speaker 2: piece for the Herald. Let me read this yea. She

1011
00:48:20,160 --> 00:48:23,640
Speaker 2: says she has spent many satisfying days on Jackson Street,

1012
00:48:24,000 --> 00:48:27,840
Speaker 2: raiding the op shops and the secondhand retro stores. Some

1013
00:48:28,040 --> 00:48:30,520
Speaker 2: of her best purchases over the years include a preloved

1014
00:48:30,600 --> 00:48:33,960
Speaker 2: Karen Walker shirt, a seven dollar pair of vegan sneakers

1015
00:48:34,000 --> 00:48:37,480
Speaker 2: made in Denmark, two groovy nineteen seventies crowned Lin plates,

1016
00:48:38,960 --> 00:48:41,759
Speaker 2: a chest of draws for her daughter's university flat, and

1017
00:48:41,800 --> 00:48:46,280
Speaker 2: a raspberry crumble filled donut from Berlin, a plant based bakery.

1018
00:48:47,160 --> 00:48:50,560
Speaker 2: What she hasn't bought so far is an authentic Gandalf

1019
00:48:50,719 --> 00:48:53,719
Speaker 2: cloak for two three hundred and seventy dollars. Now I'm

1020
00:48:53,760 --> 00:48:55,640
Speaker 2: reading you that list because I'm wondering just how much

1021
00:48:55,680 --> 00:48:57,759
Speaker 2: of that stuff you're just dying to own. We listen

1022
00:48:57,800 --> 00:48:59,360
Speaker 2: to that going, oh, yeah, that's May, that's a bit

1023
00:48:59,440 --> 00:49:04,839
Speaker 2: of May, vegan sneakers from Denmark. No, Now what I'm

1024
00:49:05,120 --> 00:49:07,680
Speaker 2: there is a pattern that I have noticed, right, which

1025
00:49:07,800 --> 00:49:10,520
Speaker 2: is that when you go to the cool streets like

1026
00:49:10,600 --> 00:49:13,400
Speaker 2: if you have any cool streets wherever, whether it's k

1027
00:49:13,680 --> 00:49:17,680
Speaker 2: Road or High Street and Brunswick and Melbourne, whatever, you

1028
00:49:17,800 --> 00:49:20,600
Speaker 2: get there as full of op shops. Now, who decided

1029
00:49:21,120 --> 00:49:23,480
Speaker 2: that op shops are the thing that makes a street cool?

1030
00:49:23,480 --> 00:49:25,800
Speaker 2: Who decided that you have to have like just a

1031
00:49:26,239 --> 00:49:28,160
Speaker 2: street choc a block full of op shops and then

1032
00:49:28,200 --> 00:49:30,239
Speaker 2: it's cool. Let me tell you something. You know what's

1033
00:49:30,320 --> 00:49:35,040
Speaker 2: cooler than buying secondhand stuff? Buying new stuff. So I'm

1034
00:49:35,120 --> 00:49:37,920
Speaker 2: just going to say to Jackson Street and possibly even

1035
00:49:38,000 --> 00:49:41,400
Speaker 2: Cuba Street, no thanks very much. Trade me is next.

1036
00:49:44,560 --> 00:49:47,040
Speaker 1: On your smart speaker, on the iHeart app, and in

1037
00:49:47,120 --> 00:49:50,080
Speaker 1: your car on your drive home, it's Heather duplicy Ellen

1038
00:49:50,200 --> 00:49:53,600
Speaker 1: drive with one New Zealand and the power of satellite

1039
00:49:53,640 --> 00:49:54,840
Speaker 1: mobile news talks.

1040
00:49:54,840 --> 00:49:55,120
Speaker 5: That'd be.

1041
00:50:02,880 --> 00:50:05,680
Speaker 2: So, the government is putting thirty five million dollars into

1042
00:50:05,719 --> 00:50:09,040
Speaker 2: the local Fusion Energy company, and thirty five million dollars

1043
00:50:09,120 --> 00:50:10,840
Speaker 2: of government money is actually a fair whack for the

1044
00:50:10,880 --> 00:50:13,360
Speaker 2: government to be putting. As wabachat to that Fusion Energy

1045
00:50:13,360 --> 00:50:15,960
Speaker 2: Company are open staff after six o'clock just get a

1046
00:50:15,960 --> 00:50:17,320
Speaker 2: low down on what it is that they actually do.

1047
00:50:17,400 --> 00:50:19,359
Speaker 2: The Huddle is standing by and right now it's twenty

1048
00:50:19,400 --> 00:50:22,120
Speaker 2: four away from six. Now looks like gold and silver

1049
00:50:22,160 --> 00:50:24,680
Speaker 2: are the hot new commodities on trade me. The site

1050
00:50:24,719 --> 00:50:28,279
Speaker 2: has started to receive significantly more soldiers searches for gold

1051
00:50:28,400 --> 00:50:31,120
Speaker 2: and silver since mid January, which of course is when

1052
00:50:31,239 --> 00:50:33,600
Speaker 2: both of those elements were in the news for reaching

1053
00:50:33,640 --> 00:50:37,040
Speaker 2: record high prices. Trade me spokesperson Millie Sylvester is with

1054
00:50:37,200 --> 00:50:40,040
Speaker 2: us now Home Milly Curita. So what is it people

1055
00:50:40,080 --> 00:50:42,279
Speaker 2: are searching for? Are they searching for like chunks of

1056
00:50:42,320 --> 00:50:43,880
Speaker 2: gold and silver or is it jewelry?

1057
00:50:45,080 --> 00:50:48,240
Speaker 21: It's right across the board. I mean, gold and silver

1058
00:50:48,360 --> 00:50:51,239
Speaker 21: were the second and third fastest rising search terms in

1059
00:50:51,320 --> 00:50:53,600
Speaker 21: the past week, but then in the top ten we

1060
00:50:53,760 --> 00:50:58,080
Speaker 21: also saw silver bar and silver billion, So I guess

1061
00:50:58,280 --> 00:51:02,000
Speaker 21: it's everything whereverbod ever has gold and silver in it.

1062
00:51:02,239 --> 00:51:03,480
Speaker 2: What do we think people are doing with it? Like

1063
00:51:03,560 --> 00:51:05,759
Speaker 2: if I was to dug out my old gold ring

1064
00:51:05,880 --> 00:51:07,600
Speaker 2: or whatever that I didn't want to sell it on tradeing,

1065
00:51:07,600 --> 00:51:08,640
Speaker 2: are they going to melt it down?

1066
00:51:08,760 --> 00:51:12,480
Speaker 21: Are they perhaps or maybe they're hoping that actually this

1067
00:51:12,680 --> 00:51:14,680
Speaker 21: is the start of a boom and they're going to

1068
00:51:14,760 --> 00:51:16,520
Speaker 21: set on it and hold on to it and maybe

1069
00:51:17,040 --> 00:51:19,920
Speaker 21: you know, accumulated over time as a bit of an investment.

1070
00:51:20,200 --> 00:51:21,439
Speaker 21: Your guess is as good as mine.

1071
00:51:21,480 --> 00:51:23,000
Speaker 2: I mean, they must be thinking that they're going to

1072
00:51:23,040 --> 00:51:25,600
Speaker 2: sell that that they're buying. Presumably the idea is that

1073
00:51:25,680 --> 00:51:28,160
Speaker 2: you're buying it at a very heavy discount on trade

1074
00:51:28,200 --> 00:51:31,719
Speaker 2: me if you're going to sit on it for a while, right, Yeah, you.

1075
00:51:31,760 --> 00:51:35,040
Speaker 21: Would think so. I think it's just it's astounding. You know,

1076
00:51:35,120 --> 00:51:38,000
Speaker 21: we've seen searches for silver were up two hundred and

1077
00:51:38,160 --> 00:51:40,920
Speaker 21: sixty four percent year on year, Like it is a

1078
00:51:41,239 --> 00:51:44,680
Speaker 21: huge increase that we are seeing more so actually for

1079
00:51:44,800 --> 00:51:47,040
Speaker 21: silver than we are for gold. Gold was up about

1080
00:51:47,080 --> 00:51:50,719
Speaker 21: twenty percent year on year, but still really noticeable, you know,

1081
00:51:50,920 --> 00:51:53,239
Speaker 21: trend in searches. And then what we are also seeing

1082
00:51:53,360 --> 00:51:57,600
Speaker 21: is in categories like antiques and collectables and unsurprisingly jewelry

1083
00:51:57,640 --> 00:52:00,640
Speaker 21: and watches. You know that the spike connect there has

1084
00:52:00,680 --> 00:52:02,880
Speaker 21: been incredible, and it's really been in the past kind

1085
00:52:02,920 --> 00:52:03,880
Speaker 21: of fourteen days.

1086
00:52:04,080 --> 00:52:07,240
Speaker 2: It's kind of weird. Now, how do you guarantee if

1087
00:52:07,280 --> 00:52:10,919
Speaker 2: you are thinking you start holding based on your trade

1088
00:52:10,960 --> 00:52:13,920
Speaker 2: me purchases, how do you guarantee that you're buying what

1089
00:52:14,120 --> 00:52:15,600
Speaker 2: they say they are selling you?

1090
00:52:16,600 --> 00:52:19,920
Speaker 21: Absolutely, it's really important to ask a whole lot of questions,

1091
00:52:20,440 --> 00:52:23,600
Speaker 21: ask for more photos, you know, look for those hallmarks

1092
00:52:23,640 --> 00:52:27,160
Speaker 21: or any stamps that prove the metals purity. You know,

1093
00:52:27,440 --> 00:52:29,279
Speaker 21: you want to make sure you are buying, you know,

1094
00:52:29,480 --> 00:52:32,920
Speaker 21: something that is authentic. You can pay via ping on

1095
00:52:33,040 --> 00:52:35,680
Speaker 21: trade me, which means you're covered by buyer protection. So

1096
00:52:35,800 --> 00:52:37,920
Speaker 21: I would encourage that if you're looking to buy any

1097
00:52:38,000 --> 00:52:40,600
Speaker 21: precious metals on site, and that means you know, you

1098
00:52:40,680 --> 00:52:42,080
Speaker 21: can be confident in your purchase.

1099
00:52:42,200 --> 00:52:43,840
Speaker 2: Yeah, brilliant, Lillie, thank you for talking us through. I

1100
00:52:43,880 --> 00:52:47,560
Speaker 2: appreciate a Milie Sylvester Trade Me spokesperson, Heather, I disagree

1101
00:52:47,560 --> 00:52:50,680
Speaker 2: with you on David Seymour's continued principle stand for liberal democracy.

1102
00:52:50,719 --> 00:52:52,600
Speaker 2: That's the reason that I am an Act voter. Twenty

1103
00:52:52,640 --> 00:52:53,359
Speaker 2: one away from six.

1104
00:52:54,400 --> 00:52:57,719
Speaker 1: The Huddle with New Zealand Southeby's International Realty, a name

1105
00:52:57,800 --> 00:52:59,920
Speaker 1: you can trust locally and globally.

1106
00:53:00,040 --> 00:53:01,759
Speaker 2: Puddled with us this evening we have Tim Wilson of

1107
00:53:01,800 --> 00:53:04,840
Speaker 2: the Maximum Institute and Jack Tame, host of Saturday Mornings

1108
00:53:04,880 --> 00:53:06,360
Speaker 2: in Q and a highlights.

1109
00:53:07,880 --> 00:53:08,000
Speaker 5: Right.

1110
00:53:08,080 --> 00:53:09,680
Speaker 2: Agree the jobless number?

1111
00:53:09,719 --> 00:53:09,839
Speaker 5: Right?

1112
00:53:09,840 --> 00:53:12,040
Speaker 2: The unemployed number. Did you look at that and think, well,

1113
00:53:12,160 --> 00:53:14,080
Speaker 2: that's a shock that's gone up again? Or did you

1114
00:53:14,120 --> 00:53:15,719
Speaker 2: look under the hood and think, might I see the

1115
00:53:15,760 --> 00:53:16,680
Speaker 2: signs of the recovery?

1116
00:53:17,000 --> 00:53:17,279
Speaker 6: Or both?

1117
00:53:18,400 --> 00:53:19,279
Speaker 8: Oh, you know both.

1118
00:53:19,360 --> 00:53:21,600
Speaker 20: It's a sort of not a good news bad news scenario,

1119
00:53:21,760 --> 00:53:24,480
Speaker 20: more like a bad news good news scenario with more

1120
00:53:24,560 --> 00:53:28,520
Speaker 20: unemployed people but more people in employment. But I think,

1121
00:53:28,840 --> 00:53:32,520
Speaker 20: you know, it's sort of like a situation. Is is

1122
00:53:32,640 --> 00:53:35,719
Speaker 20: really probably the winning narrative will be this is the

1123
00:53:35,800 --> 00:53:38,320
Speaker 20: worst in ten years. So if you're if you're nationally,

1124
00:53:38,360 --> 00:53:41,320
Speaker 20: you'll say, hey, hey, there's more people in employment, but

1125
00:53:41,640 --> 00:53:44,239
Speaker 20: that that top line, it's the worst in ten years.

1126
00:53:44,280 --> 00:53:46,640
Speaker 20: That will probably take hold. I think you're right talking

1127
00:53:46,680 --> 00:53:51,000
Speaker 20: about the election is probably an economic election. People are

1128
00:53:51,080 --> 00:53:53,240
Speaker 20: going to you know, there's a green shoots, green shoots.

1129
00:53:53,239 --> 00:53:54,719
Speaker 20: A lot of people are just going to go, hey,

1130
00:53:55,040 --> 00:53:57,400
Speaker 20: I don't care about the green shoots, show me the

1131
00:53:57,480 --> 00:53:58,040
Speaker 20: damn flower.

1132
00:53:58,200 --> 00:54:00,759
Speaker 2: Do you think, though, Tim, I mean the narrative thing.

1133
00:54:00,800 --> 00:54:03,680
Speaker 2: Do you think that that narrative. I think that narrative matters,

1134
00:54:03,840 --> 00:54:06,399
Speaker 2: And which is why I'm keen to get out there

1135
00:54:06,880 --> 00:54:09,000
Speaker 2: the under the hood there are some good stuff, because

1136
00:54:09,120 --> 00:54:11,400
Speaker 2: I worry that this kind of thing might just might

1137
00:54:11,520 --> 00:54:12,960
Speaker 2: just put a bit more of a wobble on the

1138
00:54:13,000 --> 00:54:14,640
Speaker 2: recovery than is necessary. What do you think?

1139
00:54:15,640 --> 00:54:17,520
Speaker 20: Yeah, And that's you know, when I was listening to

1140
00:54:17,640 --> 00:54:21,600
Speaker 20: your conversation with Brad Olsen, and I guess well, as

1141
00:54:21,600 --> 00:54:24,200
Speaker 20: a disposition has a great effect on the economy. So

1142
00:54:24,360 --> 00:54:26,520
Speaker 20: people are feeling pessimistic, and Brad were saying, you know what,

1143
00:54:26,680 --> 00:54:29,399
Speaker 20: the reason that people are so pessimistic was because they're

1144
00:54:29,400 --> 00:54:33,480
Speaker 20: perhaps a bit optimistic last year. So absolutely narrative dominates.

1145
00:54:33,640 --> 00:54:36,799
Speaker 7: What do you reckon, Jack, Yeah, I agree. I think

1146
00:54:37,320 --> 00:54:40,320
Speaker 7: timing is kind of everything, right. So it's interesting that

1147
00:54:40,400 --> 00:54:43,279
Speaker 7: when summer was upon us at the end of last year,

1148
00:54:43,360 --> 00:54:45,800
Speaker 7: you sawt some of those sentiment numbers start to increase.

1149
00:54:45,800 --> 00:54:48,000
Speaker 7: Everyone was feeling a bit rosier. Then you go through

1150
00:54:48,040 --> 00:54:50,920
Speaker 7: a wet, pretty pretty grim summer in parts of much

1151
00:54:51,000 --> 00:54:53,120
Speaker 7: of the country, all of a sudden, the unemployment numbers

1152
00:54:53,160 --> 00:54:56,320
Speaker 7: come in just like you know, point one of a

1153
00:54:56,440 --> 00:55:00,239
Speaker 7: percent higher than some analysts were expecting. And I mean

1154
00:55:00,280 --> 00:55:02,520
Speaker 7: it's still worse than any analysts were expecting, as the

1155
00:55:02,560 --> 00:55:04,839
Speaker 7: Finance Minister point out last year is actually lower than

1156
00:55:04,880 --> 00:55:07,640
Speaker 7: what they were expecting at the last hi fu. But

1157
00:55:08,000 --> 00:55:10,720
Speaker 7: add that together with the inflation numbers coming in slightly

1158
00:55:10,840 --> 00:55:12,880
Speaker 7: higher than analysts expect and all of a sudden you

1159
00:55:12,920 --> 00:55:15,680
Speaker 7: can feel people starting to grumble again. But you know,

1160
00:55:16,480 --> 00:55:19,000
Speaker 7: I still think there is plenty of reason to feel

1161
00:55:19,080 --> 00:55:22,840
Speaker 7: relatively positive, that we are kind of at the bottom

1162
00:55:24,080 --> 00:55:26,080
Speaker 7: and that things are starting to improve. But these things

1163
00:55:26,120 --> 00:55:28,000
Speaker 7: take time, and it might be a case of waiting

1164
00:55:28,040 --> 00:55:30,000
Speaker 7: for the next couple of jobs done days before we

1165
00:55:30,080 --> 00:55:31,640
Speaker 7: really see a turnerant Jack.

1166
00:55:31,560 --> 00:55:33,600
Speaker 20: Jack stopped with the optimistic stuff because I wanted to

1167
00:55:33,640 --> 00:55:36,880
Speaker 20: get here to swap her Wrangler Jeep for my Suzuki Swift.

1168
00:55:37,000 --> 00:55:40,440
Speaker 2: So can we just staye how much is the insurance

1169
00:55:40,480 --> 00:55:41,920
Speaker 2: on your Suzuki Swift team?

1170
00:55:45,760 --> 00:55:48,120
Speaker 20: They don't have a great safety record, actually, but can

1171
00:55:48,200 --> 00:55:49,160
Speaker 20: we take this offline?

1172
00:55:50,360 --> 00:55:52,600
Speaker 7: You only had third party though, right, tell me you're

1173
00:55:52,640 --> 00:55:54,480
Speaker 7: not actually ensuring to replace your car?

1174
00:55:56,239 --> 00:55:59,239
Speaker 20: Of course, of course you can't be driving around with

1175
00:55:59,640 --> 00:56:02,240
Speaker 20: third Well, yeah, I know I do have first.

1176
00:56:03,080 --> 00:56:05,000
Speaker 2: You should only be concerned about the other car.

1177
00:56:05,239 --> 00:56:08,560
Speaker 7: You honestly, honestly, i've said passenger in that you have

1178
00:56:08,680 --> 00:56:09,600
Speaker 7: appreciated the lift.

1179
00:56:09,680 --> 00:56:14,680
Speaker 2: But you know what, so Jack, this is not a

1180
00:56:14,719 --> 00:56:16,319
Speaker 2: real because I thought you were about to give us

1181
00:56:16,320 --> 00:56:19,359
Speaker 2: a lesson in insurance about like only ever do third party?

1182
00:56:19,400 --> 00:56:20,360
Speaker 2: That's this is not.

1183
00:56:23,760 --> 00:56:26,080
Speaker 7: Worth if you have a car worth more than two

1184
00:56:26,120 --> 00:56:28,960
Speaker 7: thousand dollars. And sure you can, right, I'm sure there's

1185
00:56:29,200 --> 00:56:33,280
Speaker 7: there's about what I've been in Tim Suzuki fift.

1186
00:56:35,800 --> 00:56:37,560
Speaker 20: I promise you the cars, the cars got to be

1187
00:56:37,600 --> 00:56:39,640
Speaker 20: worth at least five that'll swap for the wring Leer's

1188
00:56:39,680 --> 00:56:41,760
Speaker 20: come on, I don't.

1189
00:56:41,600 --> 00:56:44,279
Speaker 2: Know, mate, I don't know, but you know what, just

1190
00:56:44,440 --> 00:56:47,000
Speaker 2: because of the insurance, the cost of this insurance, Mum

1191
00:56:47,080 --> 00:56:48,600
Speaker 2: almost want to do the swap with you, just so

1192
00:56:48,680 --> 00:56:50,239
Speaker 2: you see if you can cope with that. Do you

1193
00:56:50,400 --> 00:56:53,080
Speaker 2: think Jack, that I have been unfair on David Seymour.

1194
00:56:55,640 --> 00:57:00,160
Speaker 7: Well, no, and I've got I've got some free to

1195
00:57:00,280 --> 00:57:02,680
Speaker 7: a big AXT supporters and funnily enough, like having a

1196
00:57:02,680 --> 00:57:04,520
Speaker 7: conversation with them a couple of weeks ago and I said, oh,

1197
00:57:04,560 --> 00:57:07,400
Speaker 7: it looks like some version of the Treaty principles issue

1198
00:57:07,480 --> 00:57:08,480
Speaker 7: was going to be you know, it's going to be

1199
00:57:08,480 --> 00:57:11,319
Speaker 7: a big part of X campaign going into November this year.

1200
00:57:11,320 --> 00:57:14,279
Speaker 7: And they were like, honestly, I love David seymore when

1201
00:57:14,280 --> 00:57:16,400
Speaker 7: he's talking about the economy. I agree with him on

1202
00:57:16,480 --> 00:57:19,840
Speaker 7: Treaty principles, but the economy is driving everything for me, right, now,

1203
00:57:19,920 --> 00:57:21,680
Speaker 7: and I just want him to focus on that.

1204
00:57:21,800 --> 00:57:21,920
Speaker 5: Now.

1205
00:57:22,000 --> 00:57:24,880
Speaker 7: I don't know how representative that is for X voters.

1206
00:57:24,880 --> 00:57:27,760
Speaker 7: I reckon you could probably draw a ven diagram and

1207
00:57:27,880 --> 00:57:30,960
Speaker 7: maybe a third would say they only they primarily care

1208
00:57:31,000 --> 00:57:33,640
Speaker 7: about the economy. Maybe a third would say they care

1209
00:57:33,640 --> 00:57:35,960
Speaker 7: about the treaty principles. Maybe a third care about both.

1210
00:57:36,040 --> 00:57:39,280
Speaker 7: But I would hit my bets that actually a majority

1211
00:57:39,360 --> 00:57:41,400
Speaker 7: of his supporter coming from people who would prefer to

1212
00:57:41,440 --> 00:57:43,840
Speaker 7: see him prioritize some of the economic messaging.

1213
00:57:44,000 --> 00:57:45,400
Speaker 2: Okay, I want to get your take on it, Tim,

1214
00:57:45,400 --> 00:57:46,880
Speaker 2: but let me get you after the break. We'll just

1215
00:57:46,920 --> 00:57:48,400
Speaker 2: take one right now at sixteen away.

1216
00:57:48,240 --> 00:57:53,040
Speaker 1: From six the huddle with New Zealand Southeby's International Real Team,

1217
00:57:53,240 --> 00:57:55,040
Speaker 1: the only truly global brand.

1218
00:57:55,280 --> 00:57:57,240
Speaker 2: Right back with the huddle, Tim Wilson, Jack Tame, Tim,

1219
00:57:57,280 --> 00:57:57,880
Speaker 2: what's your take?

1220
00:57:58,960 --> 00:58:01,520
Speaker 20: Yeah, look, we'll let all let ourbed have traction. Yeah,

1221
00:58:01,520 --> 00:58:05,200
Speaker 20: I think it will. But within the act base. If

1222
00:58:05,240 --> 00:58:07,160
Speaker 20: he wants to expand the base, I think you're right.

1223
00:58:07,600 --> 00:58:10,200
Speaker 20: We're talking about the economic selection and all of that stuff.

1224
00:58:10,240 --> 00:58:13,080
Speaker 20: The tax talk will likely expand the basis, like, well,

1225
00:58:13,120 --> 00:58:15,400
Speaker 20: here's why you deserve more money? Oh I do need

1226
00:58:15,480 --> 00:58:15,880
Speaker 20: more money?

1227
00:58:16,040 --> 00:58:17,960
Speaker 2: Yeah, And don't you think also, though, Tim, that there

1228
00:58:18,080 --> 00:58:20,480
Speaker 2: is a part of this where where David Seymour has

1229
00:58:20,520 --> 00:58:22,480
Speaker 2: become a little bit of a spoiler in the coalition,

1230
00:58:22,640 --> 00:58:26,760
Speaker 2: like if if you can at one end be a statesman,

1231
00:58:26,840 --> 00:58:29,240
Speaker 2: at the other end of brat, he's leaning more towards

1232
00:58:29,280 --> 00:58:31,400
Speaker 2: the Bratt thing. And I think that part of it

1233
00:58:31,520 --> 00:58:33,480
Speaker 2: is because he doesn't seem to be doing things that

1234
00:58:33,520 --> 00:58:36,880
Speaker 2: are necessarily constructive, right, and so maybe and I think

1235
00:58:37,000 --> 00:58:39,480
Speaker 2: unfortunately talk about race relations leads you down that path

1236
00:58:39,520 --> 00:58:41,480
Speaker 2: a little bit. He needs to probably roll a little

1237
00:58:41,520 --> 00:58:43,959
Speaker 2: bit back more towards being more of a statesman. Don't

1238
00:58:43,960 --> 00:58:44,400
Speaker 2: you think.

1239
00:58:46,240 --> 00:58:50,640
Speaker 20: I actually quite like that he provokes the discussion because often,

1240
00:58:50,720 --> 00:58:52,200
Speaker 20: you know, because like to run.

1241
00:58:52,440 --> 00:58:55,720
Speaker 2: Buttim, what's the point in provoking without actually you.

1242
00:58:55,760 --> 00:58:57,919
Speaker 20: Know what, Yeah, you called me, I use the wrong

1243
00:58:58,080 --> 00:59:01,640
Speaker 20: verb encourage the discussion stuff. Often often that encouragement comes

1244
00:59:01,720 --> 00:59:04,400
Speaker 20: in the form of a provocation that's not useful. So,

1245
00:59:04,920 --> 00:59:06,760
Speaker 20: but I do I would say New Zealanders tend to

1246
00:59:06,800 --> 00:59:09,880
Speaker 20: run to consensus, so we do run away from fleary

1247
00:59:10,040 --> 00:59:12,800
Speaker 20: sort of scary issues. And I think that's problematic for us.

1248
00:59:12,840 --> 00:59:15,800
Speaker 2: Yeah, fair enough, Jack, listen, Should Wellingtonians be angry about

1249
00:59:15,840 --> 00:59:17,280
Speaker 2: the poo going into Lylebury.

1250
00:59:19,840 --> 00:59:23,400
Speaker 7: It's not just the pop and people in christ it

1251
00:59:23,480 --> 00:59:26,560
Speaker 7: should be incensed about the stench over a third of

1252
00:59:26,600 --> 00:59:29,160
Speaker 7: the city at the moment as well. It's just so poor.

1253
00:59:29,360 --> 00:59:32,040
Speaker 7: I mean, it's just I mean, it's unbelievable that that

1254
00:59:32,320 --> 00:59:35,160
Speaker 7: heading into the white Hanging weekend in the middle of summer.

1255
00:59:35,240 --> 00:59:37,840
Speaker 7: Not that those South Bays are notorious are having like

1256
00:59:38,440 --> 00:59:41,040
Speaker 7: beautiful warm swimming conditions in the middle of summer, but

1257
00:59:41,160 --> 00:59:44,000
Speaker 7: it's just outrageous that our capital city.

1258
00:59:46,200 --> 00:59:49,200
Speaker 2: This was awesome today, Jack and a bunch of courses.

1259
00:59:50,640 --> 00:59:50,800
Speaker 20: Law.

1260
00:59:51,040 --> 00:59:53,080
Speaker 2: Yeah, it went in and they just they just took

1261
00:59:53,160 --> 00:59:54,320
Speaker 2: their chances with the poop.

1262
00:59:55,040 --> 00:59:57,760
Speaker 7: There's no way how would be doing that. No, that'd

1263
00:59:57,800 --> 01:00:00,240
Speaker 7: be I'd be way more if they said we're teen

1264
01:00:00,320 --> 01:00:02,200
Speaker 7: sharks on the beach. I'll be like, oh yeah, maybe

1265
01:00:02,200 --> 01:00:04,840
Speaker 7: I'll take my chances. They're like, we've seen human waste

1266
01:00:05,000 --> 01:00:07,120
Speaker 7: and and toilet paper washing up.

1267
01:00:07,280 --> 01:00:08,919
Speaker 20: Jack, Jack, you've got a new born.

1268
01:00:09,000 --> 01:00:10,680
Speaker 7: Signs overwhelmed, no thing.

1269
01:00:11,320 --> 01:00:12,320
Speaker 20: Jack, you've got a newborn.

1270
01:00:12,440 --> 01:00:13,760
Speaker 1: You should be immune to pooh.

1271
01:00:13,840 --> 01:00:17,040
Speaker 20: You are currently surfing a tsunami of pooh as we speak.

1272
01:00:17,080 --> 01:00:19,160
Speaker 20: I don't know why you're pretending that the stuff is

1273
01:00:19,240 --> 01:00:19,680
Speaker 20: affecting you.

1274
01:00:20,080 --> 01:00:22,280
Speaker 2: There's a difference between wiping it and putting it in

1275
01:00:22,320 --> 01:00:22,800
Speaker 2: your mouth.

1276
01:00:23,360 --> 01:00:25,320
Speaker 20: Yeah, that's a good point.

1277
01:00:25,760 --> 01:00:28,000
Speaker 2: What are you Wellington?

1278
01:00:29,560 --> 01:00:31,520
Speaker 20: It's another kick in the guts for Wellington, isn't it.

1279
01:00:31,560 --> 01:00:34,040
Speaker 20: The jobs are gone, the house prices tank, the councils

1280
01:00:34,040 --> 01:00:36,920
Speaker 20: are mess and now there's what is it? There's tampons,

1281
01:00:37,000 --> 01:00:41,600
Speaker 20: toilet paper and condoms on the beach. Sorry sorry, but

1282
01:00:41,720 --> 01:00:45,360
Speaker 20: it's all about the details. And now those science warning

1283
01:00:45,440 --> 01:00:46,920
Speaker 20: did you see some of the images of some of

1284
01:00:47,000 --> 01:00:50,320
Speaker 20: those sciences are so small they're like, you know, look

1285
01:00:50,360 --> 01:00:55,400
Speaker 20: out for watch out for Pooh, tampon's condoms and billboard

1286
01:00:55,880 --> 01:00:58,280
Speaker 20: and it's like, oh, I can't quite read that. So

1287
01:00:58,560 --> 01:01:00,800
Speaker 20: next to obviously, the next elect to an issue for

1288
01:01:00,920 --> 01:01:04,600
Speaker 20: Wellingtonian's won't be the rubbish being taken out. It's wastewater is.

1289
01:01:04,600 --> 01:01:06,720
Speaker 7: Honestly feel for the people who've got to clean it

1290
01:01:06,800 --> 01:01:09,400
Speaker 7: up right, because the actual plant itself apparently was like

1291
01:01:09,480 --> 01:01:12,720
Speaker 7: completely overwhelmed. So it's going to be like Chernobyl in

1292
01:01:12,800 --> 01:01:16,200
Speaker 7: the days after the meltdown. People are going layed in

1293
01:01:16,280 --> 01:01:17,400
Speaker 7: there and has matt suits.

1294
01:01:19,320 --> 01:01:21,040
Speaker 20: I'll tell you what, Jack, they can borrow your hoss

1295
01:01:21,120 --> 01:01:21,600
Speaker 20: matt suit.

1296
01:01:23,800 --> 01:01:26,280
Speaker 2: It's a good point. Okay, Now listen, Tim, I am

1297
01:01:26,400 --> 01:01:29,400
Speaker 2: not sold at all on this argument that Jackson Street

1298
01:01:29,480 --> 01:01:31,920
Speaker 2: is now the coolest place in Wellington because they've got

1299
01:01:31,920 --> 01:01:34,240
Speaker 2: a bunch of op shops. That is so weak, isn't it?

1300
01:01:35,400 --> 01:01:36,200
Speaker 20: Well, it's sort of yeah.

1301
01:01:36,240 --> 01:01:36,520
Speaker 5: It's like.

1302
01:01:38,360 --> 01:01:42,600
Speaker 20: The headline Potoni's cool. Has the world actually turned upside down?

1303
01:01:43,000 --> 01:01:45,439
Speaker 20: My question is how far is it from that wastewater plant?

1304
01:01:46,680 --> 01:01:48,080
Speaker 7: I think the hardest state, isn't it?

1305
01:01:49,000 --> 01:01:49,280
Speaker 6: Probably?

1306
01:01:49,400 --> 01:01:51,240
Speaker 7: This is this is a hell of a week for

1307
01:01:51,320 --> 01:01:54,440
Speaker 7: Pattoni to the rest of Wellington, right, I don't know.

1308
01:01:54,520 --> 01:01:56,080
Speaker 2: Jack, Can you explain to me? I mean, are you

1309
01:01:56,160 --> 01:01:58,480
Speaker 2: part of this community that that is sold on the

1310
01:01:58,560 --> 01:02:00,920
Speaker 2: coolness of a street on account of proportion of of

1311
01:02:01,000 --> 01:02:02,480
Speaker 2: op shops and vegan bakeries?

1312
01:02:03,400 --> 01:02:06,440
Speaker 7: No, although I am a fan of is it Caffeine?

1313
01:02:07,040 --> 01:02:08,960
Speaker 7: Is that the cafe on Jackson Street that has the

1314
01:02:09,000 --> 01:02:11,520
Speaker 7: amazing scones? I've been there a few times. In fact,

1315
01:02:11,960 --> 01:02:15,640
Speaker 7: we recently, the Tame family recently got an airbnb on

1316
01:02:15,800 --> 01:02:18,680
Speaker 7: Jackson Street and I was surprised, because of course I didn't.

1317
01:02:18,720 --> 01:02:20,880
Speaker 7: I didn't look into this. I was surprised at how

1318
01:02:21,160 --> 01:02:23,840
Speaker 7: late the music from all the local bars was pumping.

1319
01:02:23,880 --> 01:02:25,720
Speaker 7: So now Jackson Street does have something going.

1320
01:02:26,040 --> 01:02:28,360
Speaker 2: What were you doing on jet? Why were you down there?

1321
01:02:28,840 --> 01:02:29,000
Speaker 15: Ah?

1322
01:02:29,160 --> 01:02:34,439
Speaker 7: The extended family are in Lower Harts you well, yeah, Jack,

1323
01:02:35,040 --> 01:02:38,520
Speaker 7: come on, you're spending your summer in front of a

1324
01:02:38,640 --> 01:02:41,800
Speaker 7: tar on the corinandel I was, I was a low hut.

1325
01:02:42,000 --> 01:02:42,200
Speaker 20: Yeah.

1326
01:02:42,320 --> 01:02:42,800
Speaker 5: So you're.

1327
01:02:44,360 --> 01:02:45,480
Speaker 2: Like vampirical, is it?

1328
01:02:46,400 --> 01:02:46,640
Speaker 8: Yeah?

1329
01:02:46,720 --> 01:02:46,880
Speaker 5: Yeah?

1330
01:02:46,960 --> 01:02:49,400
Speaker 7: Yeah, exactly, No, I actually I do you know what

1331
01:02:49,880 --> 01:02:50,160
Speaker 7: it has?

1332
01:02:50,280 --> 01:02:50,600
Speaker 9: Character?

1333
01:02:50,920 --> 01:02:53,800
Speaker 7: It does have character, an underrated character. I reckon Lower

1334
01:02:53,840 --> 01:02:56,720
Speaker 7: Heart in Patuni in particular. So is it coler in

1335
01:02:56,800 --> 01:02:58,600
Speaker 7: Cuba Street though I'm not sure.

1336
01:02:58,520 --> 01:03:00,880
Speaker 2: I go there, but probably not with It's pretty cool, guys,

1337
01:03:00,880 --> 01:03:03,400
Speaker 2: Thanks very much, appreciate it. Tim, look after yourselves. Tim Wilson,

1338
01:03:03,720 --> 01:03:06,360
Speaker 2: Maximum Institute, Jack Tayme, host of Saturday Mornings in Q

1339
01:03:06,520 --> 01:03:07,600
Speaker 2: and A. It's right away from six.

1340
01:03:08,800 --> 01:03:12,040
Speaker 1: It's the Heather Duper c Allen Drive Full Show podcast

1341
01:03:12,200 --> 01:03:14,919
Speaker 1: on my Art Radio powered by News Talk ZB.

1342
01:03:17,960 --> 01:03:21,160
Speaker 2: So you might' it's kind of been a little bit

1343
01:03:21,200 --> 01:03:24,000
Speaker 2: lost in the news today because of you know, AA

1344
01:03:24,120 --> 01:03:26,360
Speaker 2: Insurance pulling out with the new policies, at least out

1345
01:03:26,360 --> 01:03:29,040
Speaker 2: of Renwick and cent and sedd and Blenham but it

1346
01:03:29,200 --> 01:03:31,280
Speaker 2: is important to note that the government has ordered a

1347
01:03:31,360 --> 01:03:34,120
Speaker 2: review into insurance. Right, Nicola Willis has decided to issue

1348
01:03:34,160 --> 01:03:37,360
Speaker 2: a review into insurance. It's interesting personally, I find it

1349
01:03:37,480 --> 01:03:40,480
Speaker 2: interesting just because she did that last night. So we

1350
01:03:40,600 --> 01:03:42,640
Speaker 2: talked to her on the show Monday about insurance, no

1351
01:03:42,760 --> 01:03:45,080
Speaker 2: mention of it. Twenty four hours later she issues the review.

1352
01:03:45,120 --> 01:03:47,320
Speaker 2: Now fair enough because the thing has kind of cropped

1353
01:03:47,360 --> 01:03:49,360
Speaker 2: up just well, I want it to be fair to

1354
01:03:49,400 --> 01:03:51,000
Speaker 2: her and say the thing has just cropped up recently,

1355
01:03:51,080 --> 01:03:53,160
Speaker 2: but truly it has actually been on the card since

1356
01:03:53,240 --> 01:03:57,000
Speaker 2: the slip. That's like an obvious place it was going

1357
01:03:57,080 --> 01:04:00,960
Speaker 2: to go. But anyway, I mean, you know, it's better better,

1358
01:04:01,080 --> 01:04:03,840
Speaker 2: nothing better, something than nothing right, better late than ever.

1359
01:04:04,240 --> 01:04:06,680
Speaker 2: So we will talk to genatib Charny, who's going to

1360
01:04:06,760 --> 01:04:08,640
Speaker 2: be with us after half past six about then, and

1361
01:04:08,680 --> 01:04:10,920
Speaker 2: of course Nikola Willis again on Monday when she's with us.

1362
01:04:11,200 --> 01:04:12,080
Speaker 5: Here's a question for you.

1363
01:04:12,880 --> 01:04:15,840
Speaker 2: Is the executive assistant job a job that is dying

1364
01:04:16,000 --> 01:04:18,960
Speaker 2: at least in so far as being placed in expensive

1365
01:04:19,000 --> 01:04:21,240
Speaker 2: labor markets like New Zealand. And the reason I'm asking

1366
01:04:21,400 --> 01:04:25,480
Speaker 2: is is because over in Australia, KPMG, which is obviously

1367
01:04:25,560 --> 01:04:29,640
Speaker 2: one of Australia's largest consultancy firms. They apparently are cutting

1368
01:04:29,920 --> 01:04:33,480
Speaker 2: most of their EAS based in Ozzie, so about two

1369
01:04:33,600 --> 01:04:35,080
Speaker 2: hundred of them are going to get the chop. It's

1370
01:04:35,080 --> 01:04:36,520
Speaker 2: about one hundred in the first trunche and then one

1371
01:04:36,600 --> 01:04:38,840
Speaker 2: hundred and the second trunchry by mid next By mid

1372
01:04:38,960 --> 01:04:42,640
Speaker 2: this year, the only people who will have EA's on

1373
01:04:42,760 --> 01:04:45,280
Speaker 2: the ground in Australia will be the most senior staff

1374
01:04:46,040 --> 01:04:50,800
Speaker 2: in KPMG. They are instead hiring eas in the Philippines

1375
01:04:50,960 --> 01:04:54,520
Speaker 2: in order to cut costs. Now that is I mean,

1376
01:04:54,720 --> 01:04:57,360
Speaker 2: you know, outsourcing to other countries is obviously not something

1377
01:04:57,400 --> 01:04:59,200
Speaker 2: that's new. We've been doing it forever with the call

1378
01:04:59,280 --> 01:05:01,600
Speaker 2: centers and stuff. I guess it's just interesting to do

1379
01:05:01,720 --> 01:05:04,760
Speaker 2: it with a job that you would not have previously

1380
01:05:04,840 --> 01:05:07,560
Speaker 2: associated with being able to be outsourced, like a call center.

1381
01:05:07,640 --> 01:05:11,320
Speaker 2: Work fine, but you'd expect your EA to run into

1382
01:05:11,320 --> 01:05:13,440
Speaker 2: your EA in the office and tell them blah blah

1383
01:05:13,480 --> 01:05:13,880
Speaker 2: blah what to do.

1384
01:05:14,000 --> 01:05:14,200
Speaker 5: But no.

1385
01:05:14,680 --> 01:05:18,720
Speaker 2: According to SEEK in Australia, the personal assistant category, the

1386
01:05:18,840 --> 01:05:21,880
Speaker 2: executive assistant category and the secretarial roles have all been

1387
01:05:21,960 --> 01:05:24,400
Speaker 2: declining steadily for the past years and just across the

1388
01:05:24,480 --> 01:05:28,400
Speaker 2: calendar year. Last year they were down eighteen percent. That

1389
01:05:28,600 --> 01:05:32,640
Speaker 2: is way above the average for all the other jobs. Incidentally,

1390
01:05:32,960 --> 01:05:35,800
Speaker 2: a member of my family hired an EA and had

1391
01:05:35,840 --> 01:05:38,360
Speaker 2: a look at getting one in New Zealand's first time

1392
01:05:38,480 --> 01:05:41,520
Speaker 2: hiring an EA. Was going to get one in New Zealand,

1393
01:05:41,720 --> 01:05:45,160
Speaker 2: you know, normal New Zealand costs. Decided instead to get

1394
01:05:45,240 --> 01:05:47,200
Speaker 2: one in Southeast Asia somewhere. I think it might be

1395
01:05:47,280 --> 01:05:49,520
Speaker 2: the Philippines, but I don't want to say that because

1396
01:05:49,520 --> 01:05:51,800
Speaker 2: I could be Rocks just somewhere around there anyway, loves

1397
01:05:51,840 --> 01:05:56,960
Speaker 2: them that were just super proficient, brilliant English wouldn't even

1398
01:05:57,000 --> 01:05:59,000
Speaker 2: know that this person is not based in New Zealand.

1399
01:05:59,040 --> 01:06:00,800
Speaker 2: So I'm just thinking that this might be the future.

1400
01:06:01,080 --> 01:06:03,680
Speaker 2: Here we are worrying about AI taking our jobs, but

1401
01:06:03,880 --> 01:06:06,960
Speaker 2: you know, even jobs previously immune just being taken by

1402
01:06:07,040 --> 01:06:09,560
Speaker 2: Southeast Asia still. Anyway, Next up, let's have a chat

1403
01:06:09,600 --> 01:06:12,200
Speaker 2: about this business that's just got thirty five million dollars

1404
01:06:12,240 --> 01:06:13,920
Speaker 2: from the government. Newsclog zib.

1405
01:06:21,280 --> 01:06:25,280
Speaker 1: Quere Business com meets Insight the Business Hour with header

1406
01:06:25,360 --> 01:06:29,720
Speaker 1: duplessy Elent and mass Insurance and Investments Your futures in

1407
01:06:29,920 --> 01:06:32,200
Speaker 1: good Hands. News talksb.

1408
01:06:34,080 --> 01:06:36,720
Speaker 2: Even in coming up in the next hour, Genative Chariney's

1409
01:06:36,760 --> 01:06:38,520
Speaker 2: going to talk us through just what we can get

1410
01:06:38,560 --> 01:06:41,760
Speaker 2: out of this government review into insurance. Milford Asset Management

1411
01:06:41,800 --> 01:06:43,680
Speaker 2: will talk us through what happened to the software shares

1412
01:06:43,720 --> 01:06:45,560
Speaker 2: and that hammering they took overnight. And then of course

1413
01:06:45,600 --> 01:06:47,080
Speaker 2: we'll go to the UK get you the latest on

1414
01:06:47,160 --> 01:06:50,080
Speaker 2: Andrew and it's not good news for him. Seven past six.

1415
01:06:50,200 --> 01:06:53,080
Speaker 2: Now the government is putting thirty five million dollars into

1416
01:06:53,160 --> 01:06:55,880
Speaker 2: a local fusion energy company. Now that's a reasonable injection

1417
01:06:55,960 --> 01:06:58,200
Speaker 2: of taxpayer money, especially given no one in the world

1418
01:06:58,480 --> 01:07:01,400
Speaker 2: appears to have cracked fusion energy you just yet. Fusion is,

1419
01:07:01,480 --> 01:07:03,360
Speaker 2: by the way, the process that powers the sun and

1420
01:07:03,440 --> 01:07:07,439
Speaker 2: the stars. And Ratumataida is the CEO of Open Star

1421
01:07:07,560 --> 01:07:12,200
Speaker 2: Technologies based in Wellington. That Ratu Hello, Hello Heather, thank

1422
01:07:12,200 --> 01:07:14,240
Speaker 2: you for having me on. Yeah, no, you're welcome. Thirty

1423
01:07:14,280 --> 01:07:16,520
Speaker 2: five million dollars is a fair chunk of change. What

1424
01:07:16,560 --> 01:07:17,200
Speaker 2: are you going to do with it?

1425
01:07:19,080 --> 01:07:21,880
Speaker 18: So their capital is there to help support building a

1426
01:07:21,960 --> 01:07:25,440
Speaker 18: facility in New Zealand that will allow us to undertake

1427
01:07:25,800 --> 01:07:29,320
Speaker 18: our next major project, that's building a device we call Tahi.

1428
01:07:30,440 --> 01:07:32,600
Speaker 18: And so we are the ones who have to go

1429
01:07:32,880 --> 01:07:35,920
Speaker 18: raise the capital to actually build the machine, but the

1430
01:07:36,000 --> 01:07:38,840
Speaker 18: government is effectively stepping in to help build the facility

1431
01:07:39,440 --> 01:07:41,000
Speaker 18: that we need to be able to do that.

1432
01:07:41,440 --> 01:07:44,160
Speaker 2: And Altiro, Okay, if you raise the money for Tahi,

1433
01:07:44,240 --> 01:07:44,920
Speaker 2: what does TAHI do?

1434
01:07:46,920 --> 01:07:52,920
Speaker 18: So Tahi is a global scale fusion demonstration device. So

1435
01:07:53,280 --> 01:07:55,600
Speaker 18: really what we're looking at is lots of different ways

1436
01:07:55,640 --> 01:07:59,240
Speaker 18: of doing fusion, and open Star is pushing forward a

1437
01:07:59,400 --> 01:08:02,800
Speaker 18: particular approach. We basically need to show the world that

1438
01:08:03,160 --> 01:08:07,280
Speaker 18: our approach is as valid, if not absolutely better than

1439
01:08:07,360 --> 01:08:11,000
Speaker 18: the other ways that people have done this before. Tahi

1440
01:08:11,360 --> 01:08:15,320
Speaker 18: is of a scale that will actually achieve that in

1441
01:08:15,400 --> 01:08:20,320
Speaker 18: a way that scientists, engineers, business people, government governments across

1442
01:08:20,400 --> 01:08:25,479
Speaker 18: the world will have no choice but to recognize how.

1443
01:08:25,479 --> 01:08:28,120
Speaker 2: Far away do you reckon? We are years wise, time

1444
01:08:28,200 --> 01:08:32,120
Speaker 2: wise from being able to actually crack fusion energy and

1445
01:08:32,200 --> 01:08:32,760
Speaker 2: make it work.

1446
01:08:34,680 --> 01:08:37,439
Speaker 18: So there's a couple of steps to that. I think

1447
01:08:37,760 --> 01:08:40,559
Speaker 18: very legitimately it will be the early twenty thirties where

1448
01:08:40,640 --> 01:08:46,160
Speaker 18: we see more energy out than in and actually giving

1449
01:08:46,240 --> 01:08:50,400
Speaker 18: people electricity out of a fusion machine. Now that's not

1450
01:08:50,720 --> 01:08:54,120
Speaker 18: really what you're asking. The real question is when will

1451
01:08:54,160 --> 01:08:57,439
Speaker 18: it impact people's lives? When will people see a reduction

1452
01:08:57,560 --> 01:09:00,960
Speaker 18: in their power bill because we have few reactors being

1453
01:09:01,040 --> 01:09:04,519
Speaker 18: deployed around the world, and that's actually, you know, probably

1454
01:09:04,640 --> 01:09:08,519
Speaker 18: the real challenge. There's no point developing these machines if

1455
01:09:08,600 --> 01:09:12,800
Speaker 18: they can't solve problems for real people in their everyday lives.

1456
01:09:13,360 --> 01:09:16,320
Speaker 18: And that's a challenge that starts. You know, we've got

1457
01:09:16,320 --> 01:09:18,519
Speaker 18: a good shot at in the early twenty thirties, but

1458
01:09:18,640 --> 01:09:21,040
Speaker 18: we'll be spending the decade and the decade after that

1459
01:09:21,479 --> 01:09:25,680
Speaker 18: rolling that out to humanity and hopefully, yeah, making the

1460
01:09:25,760 --> 01:09:27,160
Speaker 18: difference that needs to be made.

1461
01:09:27,280 --> 01:09:28,960
Speaker 2: So ten plus years possibly.

1462
01:09:30,439 --> 01:09:31,880
Speaker 18: For that first impact.

1463
01:09:31,960 --> 01:09:34,719
Speaker 2: Yeah, okay, So what does the government get for thirty

1464
01:09:34,760 --> 01:09:36,880
Speaker 2: five million dollars? Does it get a stake in the business.

1465
01:09:39,200 --> 01:09:42,080
Speaker 18: There is potentially a portion of that arrangement. I won't

1466
01:09:42,120 --> 01:09:46,280
Speaker 18: get into details on that, but there is room for

1467
01:09:46,560 --> 01:09:50,120
Speaker 18: something like that. But importantly, the reason why we're focused

1468
01:09:50,120 --> 01:09:54,000
Speaker 18: on a facility is to balance the risk reward for

1469
01:09:54,479 --> 01:09:58,080
Speaker 18: say the private investors into open Star, who are taking

1470
01:09:58,120 --> 01:09:59,960
Speaker 18: a bet on us as a technology and a team,

1471
01:10:01,040 --> 01:10:04,679
Speaker 18: versus the government who have to take a longer term view.

1472
01:10:05,040 --> 01:10:08,240
Speaker 18: And so the support being focused on a facility means

1473
01:10:08,280 --> 01:10:11,479
Speaker 18: that we come in we build Tahi, but that facility

1474
01:10:11,560 --> 01:10:15,800
Speaker 18: will exist after Tahi is complete. It will exist after

1475
01:10:15,920 --> 01:10:17,840
Speaker 18: open Star is done. And I can tell you that

1476
01:10:17,920 --> 01:10:20,040
Speaker 18: we are not the only project that could use a

1477
01:10:20,080 --> 01:10:23,559
Speaker 18: facility like that, because these kinds of facilities exist around

1478
01:10:23,600 --> 01:10:27,480
Speaker 18: the world and it's time that New Zealand had that infrastructure.

1479
01:10:27,640 --> 01:10:30,040
Speaker 2: Yeah, that's fair enough, Thank you very much. I really

1480
01:10:30,040 --> 01:10:34,400
Speaker 2: appreciate Usumatita Open Star Technology CEO. It's eleven past.

1481
01:10:34,280 --> 01:10:36,479
Speaker 1: Six, Heather dup c Allen.

1482
01:10:36,840 --> 01:10:38,479
Speaker 2: You will have caught the news just in the sports

1483
01:10:38,520 --> 01:10:41,080
Speaker 2: bulletsin there that this has just come out of Australia

1484
01:10:41,120 --> 01:10:43,120
Speaker 2: that we're getting a state of Origin game over here

1485
01:10:43,160 --> 01:10:43,719
Speaker 2: in New Zealand.

1486
01:10:43,760 --> 01:10:44,479
Speaker 3: We already know this.

1487
01:10:45,200 --> 01:10:47,160
Speaker 2: We already know this if you listen to news Dog

1488
01:10:47,240 --> 01:10:49,559
Speaker 2: Zebe Drive, because once upon a time, Louise Upston, our

1489
01:10:49,600 --> 01:10:51,280
Speaker 2: favorite Bogan, was on the show and just you know,

1490
01:10:51,360 --> 01:10:54,880
Speaker 2: underscoring her Bogan credentials, did leat slip that we were

1491
01:10:54,920 --> 01:10:57,200
Speaker 2: going to get getting the Rugby League coming to Eden Park.

1492
01:10:57,280 --> 01:10:59,439
Speaker 2: So we already knew it. And then there has been

1493
01:10:59,479 --> 01:11:01,800
Speaker 2: a bit of news has been leaking out of Australia,

1494
01:11:02,080 --> 01:11:04,280
Speaker 2: some news in October, some news in December, and so

1495
01:11:04,360 --> 01:11:06,519
Speaker 2: it's not altogether a surprise. But what we have confirmed

1496
01:11:06,560 --> 01:11:09,840
Speaker 2: now is that it's called the Anzac Origin, that it

1497
01:11:10,080 --> 01:11:12,080
Speaker 2: is costing US five million dollars coming out of that

1498
01:11:12,160 --> 01:11:15,200
Speaker 2: major events funding, that the parties had reached in an

1499
01:11:15,240 --> 01:11:19,000
Speaker 2: in principal agreement before Christmas last year, that they signed

1500
01:11:19,040 --> 01:11:21,240
Speaker 2: documents a couple of weeks ago. Documents have now been

1501
01:11:21,280 --> 01:11:24,640
Speaker 2: sent to the nral lawyers to be rubber stamped, and

1502
01:11:25,200 --> 01:11:27,639
Speaker 2: it would be and when it comes in twenty twenty

1503
01:11:27,640 --> 01:11:29,639
Speaker 2: seven will be the first game to leave Australia since

1504
01:11:29,680 --> 01:11:31,920
Speaker 2: nineteen eighty seven, so the first game in forty years

1505
01:11:32,320 --> 01:11:34,360
Speaker 2: to leave Australia and the last one to leave Australia

1506
01:11:34,400 --> 01:11:38,240
Speaker 2: went to California. So that's not half bad. And if

1507
01:11:38,640 --> 01:11:41,439
Speaker 2: you're not sure about the Bogan's, brace yourself because I'll

1508
01:11:41,439 --> 01:11:43,519
Speaker 2: be a horde of Bogan's coming from Australia to watch that.

1509
01:11:43,880 --> 01:11:47,840
Speaker 2: So that'll be quite fun. Now Prince Andrew, well, Andrew

1510
01:11:47,880 --> 01:11:50,960
Speaker 2: mount Batten, he's been thrown out of Royal Lodge and

1511
01:11:51,080 --> 01:11:53,519
Speaker 2: it happened on account of the Epstein files. Now this

1512
01:11:53,760 --> 01:11:55,400
Speaker 2: was again you'll be like, well, this is not news

1513
01:11:55,439 --> 01:11:56,640
Speaker 2: to me. I knew this was going to happen, but

1514
01:11:56,720 --> 01:11:59,080
Speaker 2: this was going to happen before Easter, so there was

1515
01:11:59,280 --> 01:12:01,320
Speaker 2: quite a bit of runway left before he had to

1516
01:12:01,360 --> 01:12:03,200
Speaker 2: be turfed out. But because of what's been coming out

1517
01:12:03,200 --> 01:12:04,800
Speaker 2: of the Epstein files and being on your hands and

1518
01:12:04,880 --> 01:12:07,960
Speaker 2: knees leaning over a woman raising all kinds of questions

1519
01:12:08,040 --> 01:12:10,479
Speaker 2: with what the heck is going on there, King Charles

1520
01:12:10,520 --> 01:12:12,760
Speaker 2: has obviously gone was this way too? Will could mate?

1521
01:12:12,800 --> 01:12:15,080
Speaker 2: You've got to leave now. He hasn't even finished packing.

1522
01:12:15,520 --> 01:12:17,360
Speaker 2: This is Andrew, So Andrew's going to be having to

1523
01:12:17,439 --> 01:12:20,120
Speaker 2: be having to go back to the place to pack up.

1524
01:12:20,680 --> 01:12:23,439
Speaker 2: He are left in the dark. So he waited for

1525
01:12:23,840 --> 01:12:26,680
Speaker 2: waited for night to fall before he drove out, presumably

1526
01:12:26,720 --> 01:12:29,200
Speaker 2: because he's completely humiliated, as he should be by this,

1527
01:12:29,640 --> 01:12:32,479
Speaker 2: and this is like, look, there's still a little bit

1528
01:12:32,520 --> 01:12:34,400
Speaker 2: left there that Charles can do to punish him. But

1529
01:12:34,560 --> 01:12:38,400
Speaker 2: this is Charles really getting to I mean, there's not

1530
01:12:38,520 --> 01:12:40,479
Speaker 2: a lot left to take away from Andrew when you've

1531
01:12:40,479 --> 01:12:42,800
Speaker 2: turfed him out of his house. Anyway, we will go

1532
01:12:42,880 --> 01:12:44,280
Speaker 2: to the UK and get you an update on that

1533
01:12:44,840 --> 01:12:47,000
Speaker 2: in about half an hour's time. Right now, it's thirteen

1534
01:12:47,040 --> 01:12:47,479
Speaker 2: past six.

1535
01:12:48,479 --> 01:12:51,920
Speaker 1: It's the Heather Dupasy Allen Drive Full Show podcast on

1536
01:12:52,160 --> 01:12:57,160
Speaker 1: my Heart Radio and powered by news dog Zebbi. Approaching

1537
01:12:57,200 --> 01:13:00,720
Speaker 1: the numbers and getting the results. It's Heather Allen on

1538
01:13:00,880 --> 01:13:04,919
Speaker 1: the Business Hour with Maths, insurance and investments. Your futures

1539
01:13:05,080 --> 01:13:07,600
Speaker 1: in good hands, News talks'd.

1540
01:13:07,160 --> 01:13:09,840
Speaker 2: Be yea the apropos what you were saying earlier about

1541
01:13:09,880 --> 01:13:13,360
Speaker 2: the executive assistant jobs. My accountant has many staff in Malaysia.

1542
01:13:13,400 --> 01:13:15,439
Speaker 2: Since all requests late in the day, they are all

1543
01:13:15,520 --> 01:13:17,840
Speaker 2: answered and the reports are all done by seven every morning,

1544
01:13:18,320 --> 01:13:20,120
Speaker 2: and for a third of the cost, his staff get

1545
01:13:20,160 --> 01:13:23,479
Speaker 2: paid New Zealand rates. Get that New Zealand rates, but

1546
01:13:23,560 --> 01:13:25,800
Speaker 2: of course none of the stupid and restricting employment costs

1547
01:13:25,800 --> 01:13:28,240
Speaker 2: that are loaded on New Zealand companies. Very interesting. Seventeen

1548
01:13:28,320 --> 01:13:31,760
Speaker 2: past six Milford Asset Management Luke. Michael Luke is with

1549
01:13:31,880 --> 01:13:32,880
Speaker 2: US high Michael.

1550
01:13:33,240 --> 01:13:34,519
Speaker 8: Hey ever, how's it going you?

1551
01:13:34,680 --> 01:13:35,160
Speaker 5: Very good? Thank you?

1552
01:13:35,200 --> 01:13:37,240
Speaker 2: Now, I see the software shares been hammered overnight in

1553
01:13:37,320 --> 01:13:39,439
Speaker 2: the US and then locally today. What's been going on?

1554
01:13:40,400 --> 01:13:42,680
Speaker 8: Yeah, it's been a tough day and monthaily for the

1555
01:13:42,760 --> 01:13:46,720
Speaker 8: software sector. Now the falls today follow and Throperk, the

1556
01:13:46,800 --> 01:13:50,479
Speaker 8: company behind the AI model, Claud releasing new AI IT

1557
01:13:50,520 --> 01:13:53,560
Speaker 8: tools including a legal plug and aimed at automating some

1558
01:13:53,720 --> 01:13:57,040
Speaker 8: legal work. They saw companies like Thompson Reuter's, which is

1559
01:13:57,120 --> 01:14:01,360
Speaker 8: a major legal software provider full fifteen sent overnight. All

1560
01:14:01,400 --> 01:14:04,679
Speaker 8: other software companies like Salesforce selves are foul seven percent,

1561
01:14:05,360 --> 01:14:08,040
Speaker 8: and locally we weren't spared either, with zero share price

1562
01:14:08,120 --> 01:14:11,160
Speaker 8: falling fifteen percent today, the share price of many of

1563
01:14:11,160 --> 01:14:13,639
Speaker 8: these software companies have now fallen up to forty percent

1564
01:14:13,720 --> 01:14:16,559
Speaker 8: over the past few months, which is a pretty staggering move.

1565
01:14:16,640 --> 01:14:20,000
Speaker 2: Really, why is it that the software companies have fallen

1566
01:14:20,080 --> 01:14:22,080
Speaker 2: so much recently because I thought AI was supposed to

1567
01:14:22,120 --> 01:14:23,120
Speaker 2: be good for these businesses.

1568
01:14:24,240 --> 01:14:26,960
Speaker 8: Yeah, there's a really interesting shift that we've seen in

1569
01:14:27,000 --> 01:14:30,240
Speaker 8: an investor sentiments where last year many of these software

1570
01:14:30,240 --> 01:14:33,679
Speaker 8: companies were actually meant to be AI beneficiaries, using AI

1571
01:14:33,800 --> 01:14:36,479
Speaker 8: to make writing code cheaper as well as selling new

1572
01:14:36,560 --> 01:14:39,400
Speaker 8: features to their customers. Will now they're directly in the

1573
01:14:39,479 --> 01:14:42,840
Speaker 8: firing line where there's a big growing debate over weather

1574
01:14:42,920 --> 01:14:47,719
Speaker 8: AI coding assistance like calord code will actually disrupt software

1575
01:14:47,760 --> 01:14:52,000
Speaker 8: and actually enable new competitors, including potentially allowing companies to

1576
01:14:52,080 --> 01:14:55,160
Speaker 8: write their own software internally instead of buying it from

1577
01:14:55,240 --> 01:14:59,160
Speaker 8: existing providers, so the narrative has completely flipped from software

1578
01:14:59,160 --> 01:15:02,360
Speaker 8: companies being a bete fishery to now being potential victims.

1579
01:15:03,080 --> 01:15:05,759
Speaker 2: Do you think AI will actually disrupt these software businesses?

1580
01:15:06,880 --> 01:15:08,760
Speaker 8: Lurk Well, I think a big part of the reason

1581
01:15:08,840 --> 01:15:11,840
Speaker 8: these software companies have fallen so much is that it's

1582
01:15:11,880 --> 01:15:16,280
Speaker 8: actually a really hard narrative to completely disprove, where the

1583
01:15:16,400 --> 01:15:18,720
Speaker 8: question is how good are these AI tools going to

1584
01:15:18,760 --> 01:15:21,519
Speaker 8: be in the future, and predicting the future is hard.

1585
01:15:22,200 --> 01:15:22,320
Speaker 5: Now.

1586
01:15:22,439 --> 01:15:24,840
Speaker 8: Some of these software companies were also trading at very

1587
01:15:24,880 --> 01:15:28,719
Speaker 8: high valuations previously, so they will be impacted by changes

1588
01:15:28,760 --> 01:15:31,559
Speaker 8: and long term growth assumptions. But there are a few

1589
01:15:31,640 --> 01:15:35,439
Speaker 8: things that are aware remembering. Firstly, when you're buying software

1590
01:15:35,479 --> 01:15:38,160
Speaker 8: from the likes of a zero or Salesforce, you're not

1591
01:15:38,439 --> 01:15:40,880
Speaker 8: just buying the code. You're getting a company to make

1592
01:15:40,920 --> 01:15:44,760
Speaker 8: it run for you, stay updated, maintain high security, and

1593
01:15:44,880 --> 01:15:48,040
Speaker 8: often deliver a number of data integrations and compliance features

1594
01:15:48,439 --> 01:15:52,360
Speaker 8: which can be really difficult to replicate. Secondly, it can

1595
01:15:52,400 --> 01:15:55,680
Speaker 8: also be very painful to switch software providers when it

1596
01:15:55,760 --> 01:15:59,240
Speaker 8: comes to moving all your data, your workflows, your customer integrations,

1597
01:16:00,360 --> 01:16:02,600
Speaker 8: learning to use the new system, So there has to

1598
01:16:02,680 --> 01:16:05,839
Speaker 8: be a really compelling reason to shift if your existing

1599
01:16:05,960 --> 01:16:08,920
Speaker 8: software is working pretty well and not breaking the bank.

1600
01:16:09,520 --> 01:16:12,400
Speaker 8: That said, these tools like Claude will keep getting better

1601
01:16:12,680 --> 01:16:14,840
Speaker 8: and could enable more competition over time.

1602
01:16:15,439 --> 01:16:18,080
Speaker 2: Now, is this do you think than a buying opportunity?

1603
01:16:19,120 --> 01:16:21,960
Speaker 8: That's the big question. And we have seen a big

1604
01:16:22,080 --> 01:16:25,400
Speaker 8: reaction and likely a very big over reaction for a

1605
01:16:25,520 --> 01:16:27,840
Speaker 8: number of companies out there. So there will be some

1606
01:16:27,960 --> 01:16:31,519
Speaker 8: great opportunities, but investors do need to be selective as

1607
01:16:31,520 --> 01:16:34,680
Speaker 8: there likely will be some companies disrupted, even if it's

1608
01:16:34,800 --> 01:16:37,439
Speaker 8: just as slow down and growth. And we've seen pretty

1609
01:16:37,520 --> 01:16:41,080
Speaker 8: large negative share price reactions to recent software company results

1610
01:16:41,640 --> 01:16:46,360
Speaker 8: like Microsoft and SAP with growth missed investor expectations. So

1611
01:16:46,479 --> 01:16:48,800
Speaker 8: it's all about finding the right investment where the share

1612
01:16:48,880 --> 01:16:52,080
Speaker 8: market is maybe overreacted to the risks of AI disruption,

1613
01:16:52,640 --> 01:16:55,120
Speaker 8: while trying to avoid those companies where they actually are

1614
01:16:55,240 --> 01:16:58,240
Speaker 8: really risks and maybe those risks are still underpriced.

1615
01:16:58,920 --> 01:17:00,519
Speaker 2: Michael is good to talk to you for running us

1616
01:17:00,520 --> 01:17:03,320
Speaker 2: through at Michael Luke Milford Asset Management. Hither they've been

1617
01:17:03,400 --> 01:17:06,439
Speaker 2: trying to get fusion power since the Zeta experiment in

1618
01:17:06,479 --> 01:17:08,360
Speaker 2: the sixties. It's a bit like trying to construct a

1619
01:17:08,720 --> 01:17:12,080
Speaker 2: construct a perpetual motion machine. Problems physics keeps getting in

1620
01:17:12,120 --> 01:17:13,719
Speaker 2: the way, Bruce, Thank you, six twenty.

1621
01:17:15,040 --> 01:17:18,559
Speaker 1: Whether it's macro micro or just plain economics. It's all

1622
01:17:18,800 --> 01:17:22,840
Speaker 1: on the Business Hour with Heather dupericl and MAS Insurance

1623
01:17:22,960 --> 01:17:26,840
Speaker 1: and Investments, Your futures in good Hands, News Talks V.

1624
01:17:28,080 --> 01:17:30,320
Speaker 2: She's I don't know if you're following the psychodrama that's

1625
01:17:30,360 --> 01:17:34,000
Speaker 2: going it's going on with the opposition parties in Australia.

1626
01:17:34,560 --> 01:17:37,880
Speaker 2: It's getting worse. So the Liberals and the Nationals, the

1627
01:17:37,960 --> 01:17:40,280
Speaker 2: leaders were supposed to meet today and they're supposed to

1628
01:17:40,360 --> 01:17:44,200
Speaker 2: sort it all out. In the meantime in Parliament, back

1629
01:17:44,479 --> 01:17:47,160
Speaker 2: back in the actual political houses, they're trying to boot

1630
01:17:47,200 --> 01:17:48,280
Speaker 2: each other off committees and.

1631
01:17:48,240 --> 01:17:48,640
Speaker 20: Stuff like this.

1632
01:17:48,760 --> 01:17:51,040
Speaker 2: It's making it so much harder for themselves. Whatever. It

1633
01:17:52,160 --> 01:17:54,320
Speaker 2: is interesting. Do you know what it is interesting to watch?

1634
01:17:54,800 --> 01:17:58,000
Speaker 2: Because it is interesting. I just find it fastened. They

1635
01:17:58,200 --> 01:18:01,920
Speaker 2: had elbow on the ropes. They had elbow on the ropes.

1636
01:18:02,320 --> 01:18:05,840
Speaker 2: He had stuffed up that BONDI thing like nothing. He

1637
01:18:06,040 --> 01:18:07,880
Speaker 2: was in so much trouble over that, and then they

1638
01:18:07,920 --> 01:18:10,040
Speaker 2: decided to squabble with each other. And isn't it weird

1639
01:18:10,479 --> 01:18:14,040
Speaker 2: that you can get so incensed by something that you

1640
01:18:14,160 --> 01:18:18,639
Speaker 2: completely self combust and just ruin everything yourself. It's just wild. Anyways,

1641
01:18:18,720 --> 01:18:21,559
Speaker 2: it's just a lot of people needed to go, you know, well,

1642
01:18:21,720 --> 01:18:23,760
Speaker 2: have a big take a deep breath. It's like the

1643
01:18:23,800 --> 01:18:26,439
Speaker 2: stuff we teach the toddlers at EC take a deep breath,

1644
01:18:26,520 --> 01:18:29,040
Speaker 2: punch a pillow if you have to, but don't don't

1645
01:18:29,080 --> 01:18:31,120
Speaker 2: fight with each other in public. And yet they did. Anyway,

1646
01:18:31,160 --> 01:18:33,360
Speaker 2: That's that's promising to be fun for the next few weeks.

1647
01:18:33,560 --> 01:18:35,960
Speaker 2: It's six twenty four. Big round of redundancies at the

1648
01:18:35,960 --> 01:18:38,600
Speaker 2: warehouse announced today as part of a tidy up of

1649
01:18:38,680 --> 01:18:40,720
Speaker 2: that business. Now you know that the media will do

1650
01:18:40,760 --> 01:18:42,320
Speaker 2: the traditional thing where they go, oh, look at all

1651
01:18:42,320 --> 01:18:45,320
Speaker 2: these redundancies, but that business, that business needs a tidy up.

1652
01:18:45,680 --> 01:18:48,519
Speaker 2: So your choice. You either have people employed in a

1653
01:18:48,560 --> 01:18:50,840
Speaker 2: failing business or you have a business that tries to

1654
01:18:50,880 --> 01:18:53,000
Speaker 2: save itself and that's what it's doing. So they're cutting

1655
01:18:53,040 --> 01:18:55,559
Speaker 2: around two hundred and seventy jobs at a head office

1656
01:18:55,560 --> 01:18:58,160
Speaker 2: in Auckland and it's basically according to the new CEO,

1657
01:18:58,240 --> 01:19:00,839
Speaker 2: the chap has been brought in from South Africa basically

1658
01:19:00,920 --> 01:19:03,280
Speaker 2: doing it because the cost base is just too high

1659
01:19:03,360 --> 01:19:05,880
Speaker 2: for a low price retailer. So what it means is

1660
01:19:05,920 --> 01:19:07,960
Speaker 2: they're going to have about six million dollars worth of

1661
01:19:08,000 --> 01:19:10,800
Speaker 2: redundancy this year, and then they're going to save three

1662
01:19:10,840 --> 01:19:12,880
Speaker 2: to four million dollars a year in labor costs. But

1663
01:19:12,960 --> 01:19:15,040
Speaker 2: they're also saving a lot more money through what they're

1664
01:19:15,040 --> 01:19:19,080
Speaker 2: calling a cosourcing model with Tougher Consulting Services. So basically

1665
01:19:19,160 --> 01:19:22,320
Speaker 2: they manage some of their functions together, like admin, technology, accounting,

1666
01:19:22,360 --> 01:19:25,200
Speaker 2: the call center's payroll and so on, and that saves

1667
01:19:25,280 --> 01:19:29,720
Speaker 2: them approximately seventeen million dollars a year by twenty thirty one.

1668
01:19:30,200 --> 01:19:32,160
Speaker 2: And that is on top of the forty million dollars

1669
01:19:32,160 --> 01:19:34,240
Speaker 2: they reckon they're already going to save over the next

1670
01:19:34,360 --> 01:19:37,959
Speaker 2: five years by sharing licenses and managed services with TCS.

1671
01:19:38,040 --> 01:19:39,479
Speaker 2: So you can see, I mean they're stripping out a

1672
01:19:39,520 --> 01:19:41,760
Speaker 2: fair bit there, and it sounds lest on the face

1673
01:19:41,800 --> 01:19:44,000
Speaker 2: of it, like it's probably it's probably a smart mood

1674
01:19:44,200 --> 01:19:45,639
Speaker 2: and necessary. Six to twenty five.

1675
01:19:46,360 --> 01:19:49,120
Speaker 1: There's no business like show business.

1676
01:19:51,479 --> 01:19:55,640
Speaker 2: Devil whez Prata number two trailers dropped today gave us

1677
01:19:55,680 --> 01:19:59,719
Speaker 2: absolutely nothing. Merril Street and Hathaway and Emily Blunt reunite

1678
01:19:59,720 --> 01:20:02,599
Speaker 2: for the equal but Streep's character Miranda Priestley doesn't seem

1679
01:20:02,640 --> 01:20:04,120
Speaker 2: to have a clue that there was actually ever a

1680
01:20:04,200 --> 01:20:08,080
Speaker 2: first installment. The trailer shows us the return of Andrea

1681
01:20:08,200 --> 01:20:10,920
Speaker 2: Sachs to Runway Magazine, where Priestley still works as the

1682
01:20:11,080 --> 01:20:13,640
Speaker 2: editor in Chef, and Emily Charlton is back of some

1683
01:20:13,800 --> 01:20:16,760
Speaker 2: kind of luxury conglomerate with no clear title. And that's

1684
01:20:16,880 --> 01:20:19,679
Speaker 2: about all we were given, apart from some Priestly almost

1685
01:20:19,760 --> 01:20:21,960
Speaker 2: ignoring the fact that the first movie happened.

1686
01:20:22,600 --> 01:20:27,240
Speaker 3: Hello, Well look what TJ lackstray dem Sorry?

1687
01:20:27,880 --> 01:20:28,280
Speaker 1: Who is this?

1688
01:20:28,760 --> 01:20:29,400
Speaker 9: Do you know her?

1689
01:20:29,840 --> 01:20:30,479
Speaker 16: Do I know her?

1690
01:20:30,720 --> 01:20:32,800
Speaker 2: I'm Andy Sachs, Andrea.

1691
01:20:33,400 --> 01:20:36,280
Speaker 1: She was one of the emilies of the What And

1692
01:20:36,360 --> 01:20:36,800
Speaker 1: there's more?

1693
01:20:37,040 --> 01:20:38,280
Speaker 2: Am I having a hallucination?

1694
01:20:38,960 --> 01:20:41,160
Speaker 1: Emily? You also know her?

1695
01:20:41,479 --> 01:20:43,840
Speaker 2: We were at Runway at the same time, Randa. Really

1696
01:20:44,080 --> 01:20:47,000
Speaker 2: where was her? It sounds like Deman shell or something. Anyway,

1697
01:20:47,040 --> 01:20:49,160
Speaker 2: So I don't know if I should be excited about this, because,

1698
01:20:49,200 --> 01:20:51,920
Speaker 2: to be honest, I have no idea what's going on

1699
01:20:52,040 --> 01:20:54,760
Speaker 2: in nor do you. If somebody's completely forgotten their past,

1700
01:20:54,800 --> 01:20:56,840
Speaker 2: which we all remember, it's quite frightening in real life,

1701
01:20:56,840 --> 01:20:58,400
Speaker 2: so it's going to be frightening on screen as well.

1702
01:20:58,680 --> 01:21:00,760
Speaker 2: Hopefully we'll get a second tray so that you know,

1703
01:21:00,840 --> 01:21:02,800
Speaker 2: we can just we can just clear it all up.

1704
01:21:02,880 --> 01:21:10,839
Speaker 2: And that's all. That's all, Oh dear, that's all anyway,

1705
01:21:10,960 --> 01:21:14,439
Speaker 2: So genatuve trown serious matters like insurance, which should be

1706
01:21:14,439 --> 01:21:15,840
Speaker 2: freaking us all out as well. We're going to talk

1707
01:21:15,840 --> 01:21:18,560
Speaker 2: to Genative Trainey about that very shortly. Stand by this

1708
01:21:18,640 --> 01:21:20,599
Speaker 2: of the government review obviously, news is next.

1709
01:21:25,840 --> 01:21:26,640
Speaker 5: Oh you found it.

1710
01:21:26,920 --> 01:21:29,639
Speaker 2: Insporation, your friend friend.

1711
01:21:36,640 --> 01:22:00,400
Speaker 1: You everything from s E S to the Big Breads,

1712
01:22:00,520 --> 01:22:02,960
Speaker 1: the Business Hour with the Hand, the Duple c Allen

1713
01:22:03,080 --> 01:22:07,240
Speaker 1: and mass insurance and investments, your futures in good hands,

1714
01:22:07,640 --> 01:22:08,479
Speaker 1: used talks that'd be.

1715
01:22:17,200 --> 01:22:20,400
Speaker 2: There getting absolutely tired of the Andrew updates and the

1716
01:22:20,439 --> 01:22:22,599
Speaker 2: Epstein updates and so on. But there is one more

1717
01:22:22,640 --> 01:22:24,880
Speaker 2: that's probably worth drawing to your attention. There is an

1718
01:22:24,920 --> 01:22:27,320
Speaker 2: email that was sent by some we don't know who,

1719
01:22:27,439 --> 01:22:29,639
Speaker 2: but was sent. It was somebody who'd gone to see

1720
01:22:29,680 --> 01:22:33,479
Speaker 2: Andrew and Sarah Ferguson and then had emailed Epstein about

1721
01:22:33,479 --> 01:22:35,960
Speaker 2: it and said that Andrew was considering abdicating from the

1722
01:22:36,040 --> 01:22:39,960
Speaker 2: royal family because the Queen, the late Queen, had told

1723
01:22:40,000 --> 01:22:42,479
Speaker 2: his daughters to get a job, which was some would say,

1724
01:22:43,280 --> 01:22:47,360
Speaker 2: some would say was firm parenting actually and may be necessary.

1725
01:22:47,600 --> 01:22:49,640
Speaker 2: And apparently he felt like he was living like a

1726
01:22:49,800 --> 01:22:52,400
Speaker 2: zoo animal in royal life with no way for him

1727
01:22:52,439 --> 01:22:54,920
Speaker 2: to thrive, and that stuff was bad for his girls

1728
01:22:54,960 --> 01:22:56,880
Speaker 2: and so on. What I thought was more interesting about

1729
01:22:56,880 --> 01:22:59,439
Speaker 2: the email is that this random person also then told

1730
01:22:59,520 --> 01:23:03,000
Speaker 2: Epstein that they had I'm assuming she because she's doing yoga,

1731
01:23:03,840 --> 01:23:07,800
Speaker 2: I know, typecasting, but she had said to Epstein, I

1732
01:23:07,960 --> 01:23:10,719
Speaker 2: dropped my laundry around to Andrew and Sarah, and Sarah

1733
01:23:10,880 --> 01:23:14,479
Speaker 2: was not amused. Well, no surprise, mate, who are you?

1734
01:23:15,240 --> 01:23:17,000
Speaker 2: Who is this who was not a child of mind

1735
01:23:17,080 --> 01:23:20,880
Speaker 2: dropping laundry around? But they needed yoga clothes, she said,

1736
01:23:21,000 --> 01:23:23,719
Speaker 2: is by way of explanation, twenty four away from seven.

1737
01:23:24,439 --> 01:23:25,599
Speaker 1: Heather Dooper was the ala.

1738
01:23:25,800 --> 01:23:28,839
Speaker 2: The government's announced it's looking into why your insurance premiums

1739
01:23:28,840 --> 01:23:29,400
Speaker 2: are so high.

1740
01:23:29,520 --> 01:23:29,640
Speaker 6: Now.

1741
01:23:29,680 --> 01:23:32,839
Speaker 2: The Herald, Wellington Business editor Jane Tibshraney says the exercise

1742
01:23:32,960 --> 01:23:35,040
Speaker 2: is worthy, but probably I'm not going to change a

1743
01:23:35,080 --> 01:23:37,799
Speaker 2: lot for you if you have home insurance and Jane's

1744
01:23:37,840 --> 01:23:40,760
Speaker 2: with us now, Jenae, Hello, hi Heather, Now why do

1745
01:23:40,840 --> 01:23:41,280
Speaker 2: you think this?

1746
01:23:43,360 --> 01:23:43,519
Speaker 5: Well?

1747
01:23:43,640 --> 01:23:46,519
Speaker 10: Firstly, I believe that this government at least is not

1748
01:23:46,840 --> 01:23:51,360
Speaker 10: interested in interfering with the market. The market is actually

1749
01:23:51,840 --> 01:23:56,320
Speaker 10: conveniently helping the government by making it too expensive for

1750
01:23:56,439 --> 01:23:59,479
Speaker 10: you to get insurance and risky paces. I mean, this

1751
01:23:59,560 --> 01:24:02,280
Speaker 10: has been how you know, for some time in Wellington

1752
01:24:02,400 --> 01:24:06,760
Speaker 10: due to earthquake risk, and we're seeing it increasingly with

1753
01:24:07,439 --> 01:24:11,439
Speaker 10: flood risk. It's actually convenient for the government if the

1754
01:24:11,520 --> 01:24:16,120
Speaker 10: insurance becomes too expensive and people move to safer places.

1755
01:24:16,960 --> 01:24:19,320
Speaker 10: I think the government's kind of aware that if it

1756
01:24:20,240 --> 01:24:23,400
Speaker 10: sort of tries to soften the blow of the risk

1757
01:24:23,479 --> 01:24:27,040
Speaker 10: based pricing the insurance do, it could create moral hazards.

1758
01:24:27,080 --> 01:24:28,880
Speaker 10: So it could make you think, well, I may as

1759
01:24:28,880 --> 01:24:31,280
Speaker 10: well just move somewhere risky because the government will bail

1760
01:24:31,320 --> 01:24:34,439
Speaker 10: me out anyway, you know, and that's not particularly helpful.

1761
01:24:34,880 --> 01:24:38,120
Speaker 10: So I think that's one fact. Also, back in twenty

1762
01:24:38,200 --> 01:24:41,600
Speaker 10: twenty four, I talked to Nikola Willis about why she

1763
01:24:41,840 --> 01:24:44,280
Speaker 10: had got the Treasury to stop looking at how the

1764
01:24:44,320 --> 01:24:47,960
Speaker 10: government could respond to risk based pricing. Treasury was doing

1765
01:24:48,040 --> 01:24:51,400
Speaker 10: some policy work at the time she wanted it stopped,

1766
01:24:51,880 --> 01:24:54,040
Speaker 10: and she said, look, she wasn't going to intervene in

1767
01:24:54,080 --> 01:24:56,559
Speaker 10: the market. That's what she said back in twenty twenty

1768
01:24:56,600 --> 01:24:59,000
Speaker 10: four and that you know, the government was better placed

1769
01:24:59,120 --> 01:25:04,120
Speaker 10: looking at climate adaptation, you know, issues around consenting that

1770
01:25:04,280 --> 01:25:08,240
Speaker 10: type of thing. So basically, I genuinely don't think the

1771
01:25:08,320 --> 01:25:11,479
Speaker 10: government is interested in intervening in the market.

1772
01:25:12,800 --> 01:25:16,400
Speaker 2: Okay, that is fair enough, but can they not assist

1773
01:25:16,439 --> 01:25:18,720
Speaker 2: I mean, regardless of whether they want to intervene or not.

1774
01:25:18,800 --> 01:25:20,200
Speaker 2: And I think they are doing the right thing. It

1775
01:25:20,320 --> 01:25:23,920
Speaker 2: is becoming unaffordable for some people, and you could argue

1776
01:25:23,920 --> 01:25:26,519
Speaker 2: people who are actually not at that much risk because

1777
01:25:26,560 --> 01:25:28,320
Speaker 2: of the way the thing is priced. Could they not

1778
01:25:29,080 --> 01:25:32,080
Speaker 2: change things about the capital requirements for insurance companies to

1779
01:25:32,160 --> 01:25:32,960
Speaker 2: make it a bit cheaper.

1780
01:25:34,520 --> 01:25:36,760
Speaker 10: Yeah, you know, so, I mean, this is the thing

1781
01:25:36,840 --> 01:25:39,560
Speaker 10: with this whole topic. I agree entirely that it is,

1782
01:25:40,400 --> 01:25:42,400
Speaker 10: you know, rough, and it's unfair. And if you know,

1783
01:25:42,479 --> 01:25:44,880
Speaker 10: you've bought a piece of land and you plan to

1784
01:25:44,920 --> 01:25:47,439
Speaker 10: build on it and that's your retirement plan and you've

1785
01:25:47,479 --> 01:25:49,559
Speaker 10: never seen it flood, and then suddenly the government comes

1786
01:25:49,600 --> 01:25:52,320
Speaker 10: in and says you can't build on it now because

1787
01:25:52,360 --> 01:25:54,600
Speaker 10: of climate change, you know you're not going to be

1788
01:25:54,960 --> 01:25:59,960
Speaker 10: particularly happy. So of course, you know, it's a tough issue.

1789
01:26:00,120 --> 01:26:00,840
Speaker 9: That the issue.

1790
01:26:01,040 --> 01:26:03,479
Speaker 10: Yeah, the area that I think the government might move

1791
01:26:03,560 --> 01:26:06,800
Speaker 10: on is the amount of capital that it requires, well

1792
01:26:06,800 --> 01:26:10,639
Speaker 10: that the Reserve Bank requires insurers to hold. So people

1793
01:26:10,680 --> 01:26:13,400
Speaker 10: will recall that recently the Reserve banks said it would

1794
01:26:13,800 --> 01:26:16,920
Speaker 10: allow banks to hold less capital or less costly capital,

1795
01:26:17,520 --> 01:26:19,880
Speaker 10: because the bank said that the cost of holding all

1796
01:26:19,920 --> 01:26:22,479
Speaker 10: this capital to make them strong was too high and

1797
01:26:22,520 --> 01:26:24,719
Speaker 10: if they could hold a bit less, they might lend

1798
01:26:25,200 --> 01:26:28,360
Speaker 10: more freely and interest rates on borrowing might be a

1799
01:26:28,439 --> 01:26:31,200
Speaker 10: bit lower. Now, the insurance industry makes kind of a

1800
01:26:31,240 --> 01:26:33,479
Speaker 10: similar argument. You know, it's been saying that the Reserve

1801
01:26:33,520 --> 01:26:36,400
Speaker 10: Bank's been too tough, been too mean, you know, made

1802
01:26:36,479 --> 01:26:39,760
Speaker 10: them be way stronger than they need to be, and maybe.

1803
01:26:41,000 --> 01:26:41,920
Speaker 5: If they could hold.

1804
01:26:41,800 --> 01:26:45,800
Speaker 10: Less capital, then the insurance premiums could come down. So

1805
01:26:45,920 --> 01:26:48,719
Speaker 10: that's something the industry has been pushing for the government

1806
01:26:49,120 --> 01:26:52,720
Speaker 10: is cognizant of that, but again I'm sort of skeptical.

1807
01:26:52,880 --> 01:26:56,160
Speaker 10: For me and you know, normal people with insurance, I'm

1808
01:26:56,240 --> 01:27:00,480
Speaker 10: not sure if that will translate to much lower premiums.

1809
01:27:02,560 --> 01:27:02,720
Speaker 5: You know.

1810
01:27:02,880 --> 01:27:05,479
Speaker 10: One other area here is that the government could do

1811
01:27:05,640 --> 01:27:10,040
Speaker 10: more by expanding what the National Hazards Commission covers. That's

1812
01:27:10,160 --> 01:27:14,479
Speaker 10: like the EQUC. It's knuckled the natural Hazards Commission. You know,

1813
01:27:14,640 --> 01:27:16,800
Speaker 10: if that covered flood you know, that could do a

1814
01:27:16,840 --> 01:27:20,439
Speaker 10: bit more having a state insurer pick up more of

1815
01:27:20,520 --> 01:27:24,280
Speaker 10: the low but the moral has again som hazard thing exactly.

1816
01:27:24,360 --> 01:27:26,360
Speaker 10: I don't think that's something the government wants to do. So,

1817
01:27:27,400 --> 01:27:30,720
Speaker 10: you know, the insurance industry says that the problem is

1818
01:27:31,080 --> 01:27:33,200
Speaker 10: not the insurance, but the problem is the risk and

1819
01:27:33,280 --> 01:27:35,200
Speaker 10: you have to manage the risk. And to me that

1820
01:27:35,360 --> 01:27:37,639
Speaker 10: that makes sense. But it's just it's just really hard.

1821
01:27:37,880 --> 01:27:40,639
Speaker 2: Okay, I mean, do you so having said that, because

1822
01:27:40,640 --> 01:27:42,560
Speaker 2: I mean, I think we all understand. Sure, if you,

1823
01:27:42,720 --> 01:27:44,840
Speaker 2: if you, if you, if you built a house in

1824
01:27:44,880 --> 01:27:46,400
Speaker 2: a place that's going to get flooded every year, you

1825
01:27:46,640 --> 01:27:49,000
Speaker 2: you probably shouldn't have insurance or you should pay a

1826
01:27:49,040 --> 01:27:51,680
Speaker 2: lot for it. But when you look at it, it

1827
01:27:51,840 --> 01:27:54,960
Speaker 2: is not that nuanced by these these insurance companies. It's

1828
01:27:55,040 --> 01:27:58,160
Speaker 2: just like a tire post code. So is it possible

1829
01:27:58,880 --> 01:28:01,759
Speaker 2: that this review may actually sure not lead to lower

1830
01:28:01,840 --> 01:28:04,559
Speaker 2: insurance premiums for us, but it may at least answer

1831
01:28:04,640 --> 01:28:06,559
Speaker 2: some questions for us as to how these guys are

1832
01:28:06,600 --> 01:28:09,160
Speaker 2: doing it. Because I feel like the charity is what

1833
01:28:09,240 --> 01:28:09,760
Speaker 2: we want here.

1834
01:28:10,920 --> 01:28:13,400
Speaker 10: Yeah, Look, I mean I really I hope it does.

1835
01:28:13,560 --> 01:28:16,840
Speaker 10: It's six months long, and the government's got representatives from

1836
01:28:16,960 --> 01:28:19,160
Speaker 10: across you know, reserve if it may be a whole

1837
01:28:19,160 --> 01:28:22,040
Speaker 10: bunch of them to do it. The challenge will be, gosh,

1838
01:28:22,080 --> 01:28:24,479
Speaker 10: I sound so negative on this issue, but the challenge

1839
01:28:24,479 --> 01:28:27,120
Speaker 10: will be a lot of this information is commercially sensitive.

1840
01:28:27,560 --> 01:28:30,360
Speaker 10: So I'm an insurance company. I pay a lot of

1841
01:28:30,479 --> 01:28:34,840
Speaker 10: money for a modeling company that looks at specific you know,

1842
01:28:34,960 --> 01:28:38,720
Speaker 10: address level, slip risk, flood risk, all the rest of it.

1843
01:28:38,880 --> 01:28:41,439
Speaker 10: And that's how I do my fancy maths, and that's

1844
01:28:41,479 --> 01:28:43,519
Speaker 10: how I decide that my premium is this and my

1845
01:28:43,560 --> 01:28:47,240
Speaker 10: neighbor's premium is something completely different. So I strongly doubt

1846
01:28:47,320 --> 01:28:51,360
Speaker 10: that the insurers will release the sort of granular information

1847
01:28:51,439 --> 01:28:54,200
Speaker 10: that would give us a really good insight because of

1848
01:28:54,320 --> 01:28:56,599
Speaker 10: commercial sensitivity. And I'm not sure if the government will

1849
01:28:56,600 --> 01:28:58,840
Speaker 10: be able to compel them to do that. But I

1850
01:28:58,920 --> 01:29:03,920
Speaker 10: think broader stuff like information around what the reinsurance market

1851
01:29:04,040 --> 01:29:05,720
Speaker 10: is doing. You know, that's the market that backs up

1852
01:29:05,800 --> 01:29:09,599
Speaker 10: the insurance. They are the ones that really influence pricing heavily.

1853
01:29:10,040 --> 01:29:12,080
Speaker 10: I think getting a bit more insight into that market

1854
01:29:12,160 --> 01:29:16,000
Speaker 10: would be useful. Maybe that the building costs that's another

1855
01:29:16,080 --> 01:29:21,400
Speaker 10: thing again, complex market and I just don't see a quick,

1856
01:29:21,439 --> 01:29:23,720
Speaker 10: easy fix. And it's also a global issue. You know,

1857
01:29:23,800 --> 01:29:27,040
Speaker 10: New Zealand's is not the only country country Batlan.

1858
01:29:26,880 --> 01:29:29,080
Speaker 2: Context that I think is important. Janay, thank you very much,

1859
01:29:29,120 --> 01:29:31,679
Speaker 2: as always, appreciate your explanation. Jane to Prani The Herald's

1860
01:29:31,680 --> 01:29:34,040
Speaker 2: Wellington Business Edit. And by the way, we have a

1861
01:29:34,120 --> 01:29:36,600
Speaker 2: date for Bill Clinton appearing on the Epstein files now

1862
01:29:36,640 --> 01:29:38,400
Speaker 2: that he's agreed to testify. He's going to appear for

1863
01:29:38,439 --> 01:29:40,479
Speaker 2: a deposition on the twenty seventh of February, so not

1864
01:29:40,560 --> 01:29:42,880
Speaker 2: that many sleeps and then Hillary will appear the day

1865
01:29:42,920 --> 01:29:45,600
Speaker 2: before that. Right, we have got somebody to talk us

1866
01:29:45,640 --> 01:29:47,759
Speaker 2: through the state of origin coming to Eden Park. Who's

1867
01:29:47,760 --> 01:29:49,559
Speaker 2: going to be with us next seventeen away from seven?

1868
01:29:50,320 --> 01:29:53,000
Speaker 1: Ever it's to do with money. It matters to you.

1869
01:29:53,439 --> 01:29:57,520
Speaker 1: The Business Hour with Heather Duplicy, Allen and Mas Insurance

1870
01:29:57,600 --> 01:30:02,360
Speaker 1: and investments, Your futures in good hands, news talks'd be Yeah.

1871
01:30:02,360 --> 01:30:04,640
Speaker 2: The brilliant journo is Jane Tips. Do you know what

1872
01:30:04,800 --> 01:30:07,160
Speaker 2: I would agree with that knows this stuff? A fourteen

1873
01:30:07,200 --> 01:30:09,280
Speaker 2: away from seven out looks like it's stayed against state,

1874
01:30:09,360 --> 01:30:12,320
Speaker 2: made against mate but coming to Eden. Park Ossie Media

1875
01:30:12,439 --> 01:30:14,759
Speaker 2: is reporting that our government has put in five million

1876
01:30:14,800 --> 01:30:17,280
Speaker 2: dollars to stage match in the Rugby League show piece

1877
01:30:18,000 --> 01:30:21,080
Speaker 2: here in twenty twenty seven for Merkiewie and Warriors coach

1878
01:30:21,160 --> 01:30:22,839
Speaker 2: Tony kempers with us I Tony.

1879
01:30:24,320 --> 01:30:25,200
Speaker 22: Keilder, Helen, how are you?

1880
01:30:25,320 --> 01:30:26,920
Speaker 2: I'm very well, thank you. It's a big deal, isn't it.

1881
01:30:29,040 --> 01:30:32,880
Speaker 22: It's fantastic for New Zealand. You know it's been in

1882
01:30:32,960 --> 01:30:35,200
Speaker 22: the pipeline for a number of years, people talking about

1883
01:30:35,200 --> 01:30:37,080
Speaker 22: stae Olgyn coming to New Zealand. I think it's only

1884
01:30:37,120 --> 01:30:39,840
Speaker 22: even been played once outside of Australia, which is in

1885
01:30:39,920 --> 01:30:42,559
Speaker 22: America all those years back, I think I was eighty

1886
01:30:42,640 --> 01:30:45,920
Speaker 22: seven or something like that. So for New Zealand to

1887
01:30:46,000 --> 01:30:50,760
Speaker 22: get the game, for me, I just think it goes

1888
01:30:50,840 --> 01:30:55,600
Speaker 22: to show you the caliber of Peter Velandis and his

1889
01:30:55,840 --> 01:30:59,879
Speaker 22: mindset and wanting to grow the game actually as as

1890
01:31:00,040 --> 01:31:03,240
Speaker 22: an international spectacle and not just a game between New

1891
01:31:03,280 --> 01:31:04,280
Speaker 22: South Wales and Queensland.

1892
01:31:04,439 --> 01:31:06,000
Speaker 2: How do you reckon the Aussie punters are going to

1893
01:31:06,040 --> 01:31:08,679
Speaker 2: react to that, because presumably, if I mean, I'm assuming

1894
01:31:08,720 --> 01:31:10,280
Speaker 2: a bunch of them will want to come over here,

1895
01:31:10,360 --> 01:31:12,600
Speaker 2: will want to watch it live. So now they're going

1896
01:31:12,640 --> 01:31:14,640
Speaker 2: to have to fall out for an international ticket.

1897
01:31:15,680 --> 01:31:18,920
Speaker 22: Well they won't get one. As soon as it goes

1898
01:31:18,960 --> 01:31:23,479
Speaker 22: for sale, they snap it up. It'll be sold out

1899
01:31:23,560 --> 01:31:27,679
Speaker 22: within within minutes. You probably, you know, unless you know somebody,

1900
01:31:27,720 --> 01:31:31,960
Speaker 22: you probably won't won't get a ticket. I don't think

1901
01:31:32,000 --> 01:31:35,840
Speaker 22: people understand just how big state of origin is down

1902
01:31:35,920 --> 01:31:39,280
Speaker 22: here in New Zealand. You know, every Kiwi thinks they've

1903
01:31:39,320 --> 01:31:42,800
Speaker 22: either got Maroon or blue Blood, which is said because

1904
01:31:42,800 --> 01:31:44,759
Speaker 22: I leave black, you know, and the play for the kiwis.

1905
01:31:45,840 --> 01:31:47,639
Speaker 22: But you know, when you opened up and said stayed

1906
01:31:47,680 --> 01:31:50,880
Speaker 22: against state made against, it's actually not state or origin anymore.

1907
01:31:50,920 --> 01:31:54,880
Speaker 22: Hell And it's more country of origin because if you

1908
01:31:54,960 --> 01:32:01,080
Speaker 22: look through both the state teams, it's heavily reliant on

1909
01:32:01,160 --> 01:32:03,800
Speaker 22: Pacific and Maori players that are playing in the competition now,

1910
01:32:04,479 --> 01:32:08,719
Speaker 22: so you know, to bring it to New Zealand. New Zealand.

1911
01:32:08,760 --> 01:32:13,320
Speaker 22: But obviously alongside Australia being heavily influenced by Pacific participation,

1912
01:32:15,160 --> 01:32:17,880
Speaker 22: there's a lot of other, I guess areas that you

1913
01:32:18,040 --> 01:32:21,560
Speaker 22: look at from the government giving five million dollars to

1914
01:32:21,640 --> 01:32:24,160
Speaker 22: a stay riaging game when the sport in New Zealand

1915
01:32:24,200 --> 01:32:26,479
Speaker 22: only give New Zealand Rugby League six hundred thousand dollars

1916
01:32:26,720 --> 01:32:30,240
Speaker 22: to invest in in the national game, and what does

1917
01:32:30,320 --> 01:32:33,559
Speaker 22: that do for the future of the game. I think

1918
01:32:33,600 --> 01:32:37,479
Speaker 22: it's an opportunity when they do come down for our game,

1919
01:32:38,000 --> 01:32:40,800
Speaker 22: hopefully to fix its own issues and run off the

1920
01:32:40,840 --> 01:32:41,120
Speaker 22: back of it.

1921
01:32:41,479 --> 01:32:43,720
Speaker 2: Yeah too, right, Tony, Thanks very much appreciated, Tony Kemp

1922
01:32:43,720 --> 01:32:47,920
Speaker 2: for mkeywe and Warriors coach Helen. Yeah, I reckon, that's

1923
01:32:47,960 --> 01:32:49,720
Speaker 2: the second time this year and it's only the fourth

1924
01:32:49,760 --> 01:32:51,800
Speaker 2: of February actually, and he got two of them in,

1925
01:32:52,040 --> 01:32:54,559
Speaker 2: so I reckon. We're on counter three on the fourth

1926
01:32:54,600 --> 01:32:57,040
Speaker 2: of February. By the way, how much do you reckon?

1927
01:32:57,439 --> 01:33:00,920
Speaker 2: Rugby Union is hating this? Rugby Union should be freaking

1928
01:33:00,960 --> 01:33:02,640
Speaker 2: out about this, because when we go and watch the

1929
01:33:02,680 --> 01:33:05,160
Speaker 2: old Rugby League at Eden Park and it's gonna be epic,

1930
01:33:05,280 --> 01:33:06,640
Speaker 2: we're all gonna love it, and the we're gonna be like,

1931
01:33:06,640 --> 01:33:08,840
Speaker 2: oh yeah, that's a lot more fun than rugby Union.

1932
01:33:08,880 --> 01:33:10,679
Speaker 2: Next week, twenty one a wife, what am I talking about?

1933
01:33:10,680 --> 01:33:13,120
Speaker 2: Twenty one away? It's a living away from seven? Hither

1934
01:33:13,280 --> 01:33:15,519
Speaker 2: duplessy Ellen freaked you out if it was actually twenty

1935
01:33:15,560 --> 01:33:18,120
Speaker 2: one away from seven now Mike ps UK correspondents with

1936
01:33:18,240 --> 01:33:21,439
Speaker 2: us Allo Mike, good evening, how thanks right and good

1937
01:33:21,479 --> 01:33:21,720
Speaker 2: thank you?

1938
01:33:21,840 --> 01:33:22,320
Speaker 5: So do you.

1939
01:33:23,840 --> 01:33:26,599
Speaker 2: What's your reading of this Andrews situation. Has he been

1940
01:33:26,640 --> 01:33:28,320
Speaker 2: booted out early, because that's what it looks like.

1941
01:33:28,439 --> 01:33:28,599
Speaker 20: Eh.

1942
01:33:30,240 --> 01:33:32,439
Speaker 23: Well, the big role here that he has still been

1943
01:33:32,560 --> 01:33:36,200
Speaker 23: living in a royal residence. It's called Royal Lodge at

1944
01:33:36,479 --> 01:33:40,360
Speaker 23: Windsor Great Park near Windsor Castle. Now we're told a

1945
01:33:40,400 --> 01:33:43,080
Speaker 23: short time ago that he's now left and has moved

1946
01:33:43,160 --> 01:33:46,840
Speaker 23: into temporary accommodation. The reason for this is a little

1947
01:33:46,880 --> 01:33:48,880
Speaker 23: bit patchy, but that's what we are being told. It's

1948
01:33:48,920 --> 01:33:51,880
Speaker 23: also claimed that Epstein sent a woman to the UK

1949
01:33:52,080 --> 01:33:54,400
Speaker 23: to have a sexual encounter with him. That is the

1950
01:33:54,439 --> 01:33:57,760
Speaker 23: big breaking story here, this, I can tell you, is

1951
01:33:57,800 --> 01:34:01,160
Speaker 23: turning into the biggest political scandal for you generation. Of course,

1952
01:34:01,240 --> 01:34:05,240
Speaker 23: Sir Andrew denies any wrong doing. The news dominated by

1953
01:34:05,280 --> 01:34:08,559
Speaker 23: the fact that UK's Lord Mandelson, one of the UK's

1954
01:34:08,600 --> 01:34:12,400
Speaker 23: best known political figures, has resigned from Parliament. It follows

1955
01:34:12,720 --> 01:34:15,760
Speaker 23: the latest release of course Authose Epstein fars. Responding to

1956
01:34:15,800 --> 01:34:18,360
Speaker 23: the news, UK Prime Minister kir Starmers said he let

1957
01:34:18,400 --> 01:34:20,519
Speaker 23: the country down. It comes with the government said if

1958
01:34:20,560 --> 01:34:23,559
Speaker 23: he didn't resign, they'd introduce legal powers to sack him.

1959
01:34:23,840 --> 01:34:25,880
Speaker 23: For now, though he will keep his title as a

1960
01:34:26,040 --> 01:34:29,280
Speaker 23: lord because of existing rules here. The governments say it

1961
01:34:29,320 --> 01:34:32,760
Speaker 23: will introduce legislation to deal with that. Documents reveal a

1962
01:34:32,880 --> 01:34:36,000
Speaker 23: close relationship with Epstein. It's claimed he made payments to

1963
01:34:36,080 --> 01:34:39,920
Speaker 23: him of seventy five thousand US dollars. Now London's Metropolitan

1964
01:34:40,000 --> 01:34:43,759
Speaker 23: Police have launched a criminal investigation overclaims that he passed

1965
01:34:43,800 --> 01:34:47,560
Speaker 23: on top secret government information. He, as you know, was

1966
01:34:47,800 --> 01:34:52,040
Speaker 23: also pictured around the world in his underpants in one

1967
01:34:52,080 --> 01:34:54,599
Speaker 23: of Epstein's having felt I think that was in Paris,

1968
01:34:55,040 --> 01:34:57,519
Speaker 23: But more revelations could come. MP's in the House of

1969
01:34:57,640 --> 01:35:00,519
Speaker 23: Commons will force a debate and a vote could lead

1970
01:35:00,560 --> 01:35:03,519
Speaker 23: to government documents on Mandalsson being released. That will be

1971
01:35:03,600 --> 01:35:05,680
Speaker 23: in the next few hours now. Manderson has held key

1972
01:35:05,760 --> 01:35:08,280
Speaker 23: government positions over the last forty years and was a

1973
01:35:08,439 --> 01:35:12,200
Speaker 23: UK ambassador to the United States. Meanwhile, the King's brother,

1974
01:35:12,280 --> 01:35:15,639
Speaker 23: Prince Edwards, said it was important to remember the victims

1975
01:35:15,680 --> 01:35:17,560
Speaker 23: in all of this. He is the first royal to

1976
01:35:17,640 --> 01:35:19,240
Speaker 23: comment on this whole scandal.

1977
01:35:19,800 --> 01:35:21,760
Speaker 2: Now, does it look to you like this? Ben on

1978
01:35:21,840 --> 01:35:24,360
Speaker 2: Russia taking part at the World Cup may in fact

1979
01:35:24,400 --> 01:35:26,519
Speaker 2: be lifted well.

1980
01:35:26,640 --> 01:35:26,760
Speaker 6: Now.

1981
01:35:26,840 --> 01:35:29,360
Speaker 23: This follows controversial decision to lift the ban at the

1982
01:35:29,439 --> 01:35:32,639
Speaker 23: next Paralympic Games. Now the FIFA World Cup Presidents says

1983
01:35:32,720 --> 01:35:35,639
Speaker 23: we have to look at restoring Russian teams. He added

1984
01:35:35,680 --> 01:35:38,720
Speaker 23: the ban has not achieved anything, it's just created more

1985
01:35:39,280 --> 01:35:42,280
Speaker 23: frustration and hatred. The next World Cup, of course, gets

1986
01:35:42,320 --> 01:35:44,479
Speaker 23: underway in June and is being held in America, Canada

1987
01:35:44,520 --> 01:35:48,080
Speaker 23: and Mexico. The Ukrainian Sports Minister, as you can imagine,

1988
01:35:48,120 --> 01:35:52,200
Speaker 23: has branded the remarks as irresponsible. Some European football associations

1989
01:35:52,240 --> 01:35:55,519
Speaker 23: say they're horrified that decision expected in the next few weeks.

1990
01:35:55,600 --> 01:35:57,320
Speaker 2: Mike's good to talk to you. Thanks mate, appreciate it,

1991
01:35:57,400 --> 01:36:00,679
Speaker 2: Mike pers UK correspondent. Hither the problem with the State

1992
01:36:00,720 --> 01:36:03,840
Speaker 2: of Origin game is that for Ozzie TV it would

1993
01:36:03,840 --> 01:36:05,720
Speaker 2: have to have a kickoff time in Auckland Off. Get

1994
01:36:05,800 --> 01:36:11,360
Speaker 2: this help us nine as right half past nine. By

1995
01:36:11,400 --> 01:36:13,519
Speaker 2: the end of it, It's great to be it, isn't it?

1996
01:36:13,560 --> 01:36:14,400
Speaker 2: Eight away from seven?

1997
01:36:15,920 --> 01:36:18,479
Speaker 1: It's the Heather too for see allan Drive full show

1998
01:36:18,600 --> 01:36:21,920
Speaker 1: podcast on iHeartRadio powered by News Talk ZEB.

1999
01:36:23,880 --> 01:36:25,680
Speaker 2: Heather is Helen Clark going to attend the state of

2000
01:36:25,720 --> 01:36:27,720
Speaker 2: origin because she loves her league and not as much

2001
01:36:27,720 --> 01:36:30,880
Speaker 2: as she loves Eden Park. On a good note, look,

2002
01:36:30,920 --> 01:36:32,439
Speaker 2: if you don't want to sit there having to listen

2003
01:36:32,479 --> 01:36:34,600
Speaker 2: to the crowds, you better off being inside listening to

2004
01:36:34,680 --> 01:36:37,200
Speaker 2: the crowd. So maybe hither. On a lighter note, a

2005
01:36:37,280 --> 01:36:39,960
Speaker 2: hospital in France was evacuated when they discovered a patient

2006
01:36:40,000 --> 01:36:42,439
Speaker 2: with a live twenty centimeter World War One shell stuck

2007
01:36:42,520 --> 01:36:44,680
Speaker 2: up as backside. Now, thank you for drawing that to

2008
01:36:44,760 --> 01:36:48,439
Speaker 2: my attention, but actually Ant spotted this yesterday and drew

2009
01:36:48,479 --> 01:36:50,680
Speaker 2: it to my attention and we all giggled about it,

2010
01:36:51,040 --> 01:36:53,400
Speaker 2: and then we decided it was not appropriate for the show.

2011
01:36:53,800 --> 01:36:55,640
Speaker 2: But now you've sent it in, so now it is

2012
01:36:55,680 --> 01:36:56,680
Speaker 2: appropriate for the show, and.

2013
01:36:56,720 --> 01:36:59,719
Speaker 15: It well, yesterday we had an interview about swear words

2014
01:36:59,840 --> 01:37:01,640
Speaker 15: and then we've got that going on, and I'm like,

2015
01:37:01,760 --> 01:37:04,240
Speaker 15: oh far out even surely, even this show, there's got

2016
01:37:04,320 --> 01:37:05,680
Speaker 15: to be a limit on how much smut we can.

2017
01:37:05,680 --> 01:37:08,280
Speaker 2: Do, because we've done Poe, we did so much post

2018
01:37:08,680 --> 01:37:12,120
Speaker 2: post and then Tim, who's the Catholic who you wouldn't

2019
01:37:12,280 --> 01:37:14,360
Speaker 2: and father afore you wouldn't expect him to be talking

2020
01:37:14,400 --> 01:37:16,920
Speaker 2: about he starts mentioning all this other stuff that you know.

2021
01:37:17,120 --> 01:37:19,960
Speaker 15: Oh and I'm definitely not going anywhere near the water

2022
01:37:20,080 --> 01:37:22,439
Speaker 15: in Wellington for a long time after all that sort.

2023
01:37:22,280 --> 01:37:24,080
Speaker 2: Of stuff that needs to stay in the bathroom. Mate,

2024
01:37:24,120 --> 01:37:25,679
Speaker 2: But he just brought it right out onto the radio.

2025
01:37:25,720 --> 01:37:27,040
Speaker 2: But do you know what's even better about the show

2026
01:37:27,120 --> 01:37:30,280
Speaker 2: up the guy's backside. He put it there himself himself,

2027
01:37:30,760 --> 01:37:33,680
Speaker 2: So there's a life lesson there. Don't put it up,

2028
01:37:33,720 --> 01:37:36,200
Speaker 2: don't don't do that, don't put things happen to that guy.

2029
01:37:36,760 --> 01:37:39,840
Speaker 15: It's something much more family friendly one republic. They are

2030
01:37:39,920 --> 01:37:43,320
Speaker 15: incredibly family friendly and they are playing at a spark

2031
01:37:43,360 --> 01:37:47,360
Speaker 15: arena in Auckland. It's happening tonight. The doors should have

2032
01:37:47,400 --> 01:37:50,760
Speaker 15: opened about half an hour ago. The opening act is

2033
01:37:50,800 --> 01:37:52,920
Speaker 15: Prayer Riding, so I expect she'll be on either sooner

2034
01:37:52,920 --> 01:37:54,720
Speaker 15: at about seven thirty and the boys will be on

2035
01:37:54,760 --> 01:37:56,920
Speaker 15: at about eight. So should be a good night for everybody.

2036
01:37:56,960 --> 01:38:01,600
Speaker 15: Prayer Riding Prayer Ridings writings. Yeah, sorry, I don't know

2037
01:38:01,640 --> 01:38:03,080
Speaker 15: who that is, but she's the opening.

2038
01:38:04,600 --> 01:38:07,160
Speaker 2: Neither do I I just love that we out are

2039
01:38:07,360 --> 01:38:08,599
Speaker 2: complete lack of information.

2040
01:38:09,640 --> 01:38:11,599
Speaker 15: We're the uncol people shopping on which of the street

2041
01:38:11,640 --> 01:38:12,360
Speaker 15: isn't the cool one?

2042
01:38:12,600 --> 01:38:15,439
Speaker 2: Definitely not going to Jackson Street, going somewhere Lane like

2043
01:38:16,040 --> 01:38:19,080
Speaker 2: New Market Small, which actually incidentally is quite quite good

2044
01:38:19,160 --> 01:38:21,599
Speaker 2: if you want to buy stuff, enjoy yourself. If you're

2045
01:38:21,600 --> 01:38:23,640
Speaker 2: going to the concert, Will See Tomorrow and New Stalks Be.

2046
01:39:24,040 --> 01:39:27,160
Speaker 1: For more from Hither Duplessy Allen Drive. Listen live to

2047
01:39:27,280 --> 01:39:30,320
Speaker 1: news talks it'd b from four pm weekdays, or follow

2048
01:39:30,360 --> 01:39:32,080
Speaker 1: the podcast on iHeartRadio