1 00:00:01,480 --> 00:00:05,720 Speaker 1: Your trusted source for news and fews, the Mic Hosking 2 00:00:05,760 --> 00:00:11,440 Speaker 1: Breakfast with Bailey's Real Estate, your local experts across residential, commercial. 3 00:00:10,960 --> 00:00:12,960 Speaker 2: And rural news. Togs Hed been honing. 4 00:00:12,800 --> 00:00:15,080 Speaker 3: And welcome today. We've gone more rule changes coming to banking. 5 00:00:15,120 --> 00:00:17,159 Speaker 3: Maybe a South African tour for the all blacks like 6 00:00:17,200 --> 00:00:20,680 Speaker 3: the good old days. The carbon auction was another complete 7 00:00:20,680 --> 00:00:22,800 Speaker 3: and ut up bust as no one turned up. Dame 8 00:00:22,880 --> 00:00:25,800 Speaker 3: Lisa brings all the medals in and chats about our 9 00:00:25,840 --> 00:00:28,520 Speaker 3: performance and being brilliant after right, Joe mckenni's and Italy 10 00:00:28,520 --> 00:00:31,880 Speaker 3: along with Rod who is in the UK. Hosking welcome 11 00:00:31,920 --> 00:00:34,000 Speaker 3: to the Thursday as part of seven PAS six. By 12 00:00:34,040 --> 00:00:36,040 Speaker 3: the way, it's part of my ongoing observations on whether 13 00:00:36,080 --> 00:00:38,120 Speaker 3: we have a real problem or just a perceived problem. 14 00:00:38,159 --> 00:00:40,519 Speaker 3: I give you last week's result for Woolworth's New Zealand. 15 00:00:40,880 --> 00:00:44,600 Speaker 3: Their earnings before tax were down fifty seven point two percent. 16 00:00:45,240 --> 00:00:47,400 Speaker 3: Did the Grocery Commission to see these results before he 17 00:00:47,400 --> 00:00:50,800 Speaker 3: published his report yesterday. The fifty seven percent is the 18 00:00:50,800 --> 00:00:53,400 Speaker 3: lowest figure in ten years. This is one of the 19 00:00:53,400 --> 00:00:55,520 Speaker 3: businesses that is part of a sector that is apparently 20 00:00:55,560 --> 00:00:57,880 Speaker 3: gouging us robbing us, running us rampant all over the 21 00:00:57,920 --> 00:01:00,640 Speaker 3: place and bleeding us dry with their outright prices and 22 00:01:00,640 --> 00:01:04,000 Speaker 3: scandalous behavior, or so the rhetoric would have you believe. 23 00:01:04,600 --> 00:01:07,319 Speaker 3: They argue the results speak to a competitive environment and 24 00:01:07,319 --> 00:01:09,560 Speaker 3: the cost of living crisis. And by the way, look 25 00:01:09,600 --> 00:01:12,440 Speaker 3: at their Australian outlet, same story. They would appear if 26 00:01:12,440 --> 00:01:15,600 Speaker 3: you look at the numbers to be hardly rolling in dough. Ironically, 27 00:01:15,680 --> 00:01:17,720 Speaker 3: one of the costs that went up for them was wages. 28 00:01:18,160 --> 00:01:23,200 Speaker 3: Wages increased nineteen percent over the past two years nineteen. 29 00:01:23,920 --> 00:01:25,959 Speaker 3: Is that a company robbing the workers blind. That's well 30 00:01:25,959 --> 00:01:29,360 Speaker 3: above inflation and then some that's the market working. That's 31 00:01:29,400 --> 00:01:31,560 Speaker 3: an industry having trouble finding people to do a job 32 00:01:31,600 --> 00:01:34,160 Speaker 3: in sorting it by paying more money. Like everything else, 33 00:01:34,240 --> 00:01:37,080 Speaker 3: we've become obsessed with petrol, airlines, banking. At least part 34 00:01:37,080 --> 00:01:38,880 Speaker 3: of the problem is our size, and we just refuse 35 00:01:38,920 --> 00:01:41,399 Speaker 3: to accept it. A country of five million, and that 36 00:01:41,480 --> 00:01:43,520 Speaker 3: five million scattered all over the place is not a 37 00:01:43,560 --> 00:01:45,480 Speaker 3: recipe for lots and lots and lots of options when 38 00:01:45,520 --> 00:01:48,120 Speaker 3: it comes to pretty much anything. Once again, look at Australia, 39 00:01:48,160 --> 00:01:51,160 Speaker 3: twenty seven million people, lots of supermarkets, but the same story. 40 00:01:51,160 --> 00:01:53,720 Speaker 3: They're not happy either when the Commers Commission, or the 41 00:01:53,720 --> 00:01:56,600 Speaker 3: government or all the Consumers Institute talk about lack of competition. 42 00:01:57,040 --> 00:01:59,840 Speaker 3: That's the easy bit. The hard bit is actually getting 43 00:01:59,840 --> 00:02:01,760 Speaker 3: so want to take the risk, find the money, buy 44 00:02:01,800 --> 00:02:03,560 Speaker 3: the land, build the building, open the door and do 45 00:02:03,640 --> 00:02:06,280 Speaker 3: the trade. This country, like any country, is not sure 46 00:02:06,320 --> 00:02:08,520 Speaker 3: of people with an eye for a dollar or an opportunity. 47 00:02:08,720 --> 00:02:11,519 Speaker 3: But just saying there aren't enough players in the market 48 00:02:11,919 --> 00:02:14,160 Speaker 3: isn't all you need to provide that alternative that we 49 00:02:14,200 --> 00:02:18,640 Speaker 3: allegedly solve all our concerns with, Like banks, we actually 50 00:02:18,639 --> 00:02:20,960 Speaker 3: have quite a few grosses, a lot of places to 51 00:02:21,000 --> 00:02:23,360 Speaker 3: buy a carrot and a stake in a can of beans. 52 00:02:23,840 --> 00:02:26,880 Speaker 3: If Walworths reported an eighty nine percent increase in profits 53 00:02:27,000 --> 00:02:29,160 Speaker 3: year after year and they've been doing so for decades, 54 00:02:29,160 --> 00:02:31,560 Speaker 3: would have some questions. But they look to me like 55 00:02:31,600 --> 00:02:34,800 Speaker 3: a lot of other companies. Successful, yes, but struggling in 56 00:02:34,840 --> 00:02:37,400 Speaker 3: tough times and hardly creaming it the way the rhetoric 57 00:02:37,400 --> 00:02:38,160 Speaker 3: would have you believe. 58 00:02:38,800 --> 00:02:43,440 Speaker 1: Why News of the World in ninety seconds. 59 00:02:42,800 --> 00:02:45,120 Speaker 3: Reminds us this morning that their biggest growth industry is 60 00:02:45,120 --> 00:02:47,240 Speaker 3: the one that writes reports into things that went wrong. 61 00:02:47,480 --> 00:02:49,440 Speaker 3: Today it's Grenville again. 62 00:02:49,800 --> 00:02:52,600 Speaker 4: And those who lived in the tower were badly failed 63 00:02:52,760 --> 00:02:55,400 Speaker 4: over a number of years and in a number of 64 00:02:55,440 --> 00:03:00,639 Speaker 4: different ways by those who were responsible for ensuring safety 65 00:03:00,720 --> 00:03:02,919 Speaker 4: of the building and its occupants. 66 00:03:03,040 --> 00:03:04,560 Speaker 3: The survivors feel vindicated. 67 00:03:04,720 --> 00:03:08,360 Speaker 5: So you can see where the greed came into play. 68 00:03:08,919 --> 00:03:11,920 Speaker 5: You can see where the manipulation came into play, and 69 00:03:12,000 --> 00:03:15,560 Speaker 5: also the fudlent activities that was going on between companies 70 00:03:15,919 --> 00:03:18,440 Speaker 5: allowing each other to get away with certain things. 71 00:03:18,639 --> 00:03:22,000 Speaker 3: The Prime minister says what prime ministers say in such circumstances. 72 00:03:22,120 --> 00:03:23,840 Speaker 2: It should never have happened. 73 00:03:25,200 --> 00:03:29,600 Speaker 6: The country failed to discharge its most fundamental duty to 74 00:03:29,639 --> 00:03:31,800 Speaker 6: protect you and your love gloves. 75 00:03:31,840 --> 00:03:33,760 Speaker 3: I meantime, the Tories have been working on sorting out 76 00:03:33,760 --> 00:03:35,520 Speaker 3: a new leader. First vote was held over night. 77 00:03:35,480 --> 00:03:39,200 Speaker 6: So as a result of the ballot. As the result 78 00:03:39,280 --> 00:03:42,600 Speaker 6: of the ballot, Pretty Patel is eliminated from the contest. 79 00:03:43,400 --> 00:03:45,960 Speaker 6: And there'll be a further ballot next Tuesday. 80 00:03:46,120 --> 00:03:47,840 Speaker 3: It will, and I'll work you through the others and 81 00:03:47,880 --> 00:03:50,119 Speaker 3: who's left and what the rules are. Shortly then Stateside 82 00:03:50,120 --> 00:03:51,600 Speaker 3: and Georgia, we've got a school shooting. 83 00:03:51,680 --> 00:03:56,040 Speaker 7: What do you see behind us? Ah is the evil 84 00:03:56,080 --> 00:04:01,040 Speaker 7: thing today. At about nine thirty this morning, we received 85 00:04:01,040 --> 00:04:03,560 Speaker 7: the first call that there was an active shooter on 86 00:04:03,560 --> 00:04:04,200 Speaker 7: this campus. 87 00:04:04,240 --> 00:04:06,520 Speaker 3: And then the campaign that rolls on new polling for 88 00:04:06,560 --> 00:04:07,120 Speaker 3: you in a moment. 89 00:04:07,200 --> 00:04:10,400 Speaker 8: New Hampshire, that's not traditionally one of the battleground states 90 00:04:10,400 --> 00:04:13,120 Speaker 8: that we're talking about. It's voted for the Democratic nominee 91 00:04:13,120 --> 00:04:16,640 Speaker 8: for president for the past twenty years. It had been 92 00:04:16,720 --> 00:04:20,520 Speaker 8: slipping somewhere when Joe Biden was atop the Democratic ticket. 93 00:04:20,640 --> 00:04:22,720 Speaker 3: I'll give you all those numbers shortly. Finally we may 94 00:04:22,760 --> 00:04:25,039 Speaker 3: have broken down the number one way not to be tied. 95 00:04:25,320 --> 00:04:28,320 Speaker 3: The news comes from Eric Bood, doctor Eric Booth. He's 96 00:04:28,360 --> 00:04:31,840 Speaker 3: an intimateent fasting specialist with over twelve million subscribers on YouTube. 97 00:04:31,880 --> 00:04:36,240 Speaker 3: He says, the definitive way not to be tied is exercise. 98 00:04:36,640 --> 00:04:39,280 Speaker 3: Number one way to produce more mitochondria, which is known 99 00:04:39,279 --> 00:04:42,800 Speaker 3: as the energy factor within yourselves and it's u mitochondria 100 00:04:42,880 --> 00:04:44,880 Speaker 3: and when that gets low, it's when you get hit 101 00:04:44,920 --> 00:04:47,279 Speaker 3: by more diseases and your body uses up other material. 102 00:04:47,400 --> 00:04:50,000 Speaker 3: So get get exercise, get moving. That's news of the 103 00:04:50,040 --> 00:04:52,400 Speaker 3: world in ninety second and by the way, stateside, in 104 00:04:52,440 --> 00:04:55,440 Speaker 3: the economy, job openings fell currently right here, right now, 105 00:04:55,440 --> 00:04:57,960 Speaker 3: the receiven point six seven million job openings in America. 106 00:04:58,000 --> 00:05:01,520 Speaker 3: That's the lowest number. Once again, we'll get nervous about 107 00:05:02,120 --> 00:05:04,160 Speaker 3: mister Powell and whether he's left it too late. It's 108 00:05:04,200 --> 00:05:07,080 Speaker 3: the lowest number since January of twenty twenty one. Lots 109 00:05:07,080 --> 00:05:09,520 Speaker 3: more data out overnight. Actually that's why we've got Andrew next. 110 00:05:09,520 --> 00:05:14,960 Speaker 1: Twelve past six, the Mic Asking Breakfast Full Show podcast 111 00:05:15,200 --> 00:05:18,159 Speaker 1: on iHeartRadio. How if my news talk zippy. 112 00:05:18,880 --> 00:05:20,760 Speaker 3: I'm just trying to work out and I can't quite 113 00:05:20,800 --> 00:05:22,560 Speaker 3: get to the bottom of it yet. But Klever, who's 114 00:05:22,560 --> 00:05:26,720 Speaker 3: the Foreign Minister for Ukraine, has quit overnight. He's been 115 00:05:26,720 --> 00:05:29,719 Speaker 3: there since March of twenty twenty. They've had problems. The 116 00:05:29,720 --> 00:05:31,400 Speaker 3: air Force guy got sacked the other day and it's 117 00:05:31,400 --> 00:05:33,719 Speaker 3: not the first sacking Zelenski's been responsible for. And this 118 00:05:33,839 --> 00:05:36,720 Speaker 3: is the widest of the broadest cabinet reshuffle he's undertaken 119 00:05:36,760 --> 00:05:39,240 Speaker 3: since the war began. So I can't work out whether 120 00:05:39,279 --> 00:05:41,040 Speaker 3: he's quit because he's sick of it, or he's quit 121 00:05:41,120 --> 00:05:43,200 Speaker 3: because he's been told to quit. But anyway, that's unfolding 122 00:05:43,200 --> 00:05:46,560 Speaker 3: as we speak. Fifteen past second, Right over and go 123 00:05:46,760 --> 00:05:48,640 Speaker 3: my Wealth Andrew Keller have very good morning to you. 124 00:05:49,400 --> 00:05:50,479 Speaker 2: Yeah, very good morning mate. 125 00:05:50,520 --> 00:05:53,160 Speaker 3: I probably needed a microscope, but they did in Australia 126 00:05:53,160 --> 00:05:54,360 Speaker 3: find a little bit of growth there. 127 00:05:54,800 --> 00:05:56,040 Speaker 2: There was a little bit of growth. 128 00:05:56,080 --> 00:05:58,680 Speaker 9: So with Casta eyeing across the Tasman this morning, their 129 00:05:58,760 --> 00:06:01,400 Speaker 9: latest reports on growth over that's for the second quarter. 130 00:06:01,760 --> 00:06:04,440 Speaker 9: So we're looking at this ahead of our second quarter 131 00:06:04,480 --> 00:06:08,000 Speaker 9: growth release on nineteenth September. YEP plus zero point two 132 00:06:08,000 --> 00:06:10,480 Speaker 9: percent growth for the second quarter in the Lucky Country. 133 00:06:10,800 --> 00:06:12,080 Speaker 2: Annual growth at one percent. 134 00:06:12,120 --> 00:06:14,320 Speaker 9: That's a slow down from the one point three percent 135 00:06:14,400 --> 00:06:16,799 Speaker 9: annual growth that they recorded to the. 136 00:06:16,640 --> 00:06:18,000 Speaker 2: First quarter of twenty twenty four. 137 00:06:18,520 --> 00:06:22,200 Speaker 9: And you know, Q the hand ringing and the gnashing 138 00:06:22,200 --> 00:06:24,640 Speaker 9: of teeth over there, as you know report it's being 139 00:06:24,680 --> 00:06:27,080 Speaker 9: reported as a knee mech and very soft. But you know, 140 00:06:27,200 --> 00:06:30,000 Speaker 9: call me cynical in my aging years. But at least 141 00:06:30,000 --> 00:06:32,080 Speaker 9: it's got a positive number in front of it, hasn't it. 142 00:06:32,560 --> 00:06:35,200 Speaker 9: We're expecting a negative number for our second quarter growth 143 00:06:35,240 --> 00:06:38,320 Speaker 9: here now discount but look, it is soft from a 144 00:06:38,440 --> 00:06:41,520 Speaker 9: comparative point of view because discounting the pandemic period, that's 145 00:06:41,520 --> 00:06:43,839 Speaker 9: the slowest rate of growth for Australia since the early 146 00:06:44,520 --> 00:06:48,240 Speaker 9: nineties recession, and of course they've pushed into straights up 147 00:06:48,240 --> 00:06:50,279 Speaker 9: over there to try and combat inflation as well, and 148 00:06:50,320 --> 00:06:52,360 Speaker 9: it's worked to sort of slow the economy, but they 149 00:06:52,360 --> 00:06:54,479 Speaker 9: didn't push interest rates up to the same degree that 150 00:06:54,520 --> 00:06:55,240 Speaker 9: we saw here. 151 00:06:55,839 --> 00:06:56,479 Speaker 2: They have got this. 152 00:06:56,720 --> 00:06:59,000 Speaker 9: One of per capita basis though they've now had six 153 00:06:59,440 --> 00:07:02,640 Speaker 9: consecutive quarters of negative growth on a per capita basis. 154 00:07:02,640 --> 00:07:05,200 Speaker 9: They had quite high migration over there as well, so 155 00:07:05,320 --> 00:07:07,800 Speaker 9: more people look. A big surprise in the numbers might 156 00:07:07,920 --> 00:07:12,080 Speaker 9: was the weakness of the consumer. Consumers spending decline zero 157 00:07:12,080 --> 00:07:14,320 Speaker 9: point two percent in the June quarter. That's the biggest 158 00:07:14,360 --> 00:07:19,440 Speaker 9: quarterly decline outside of COVID since the GFC. Much of 159 00:07:19,480 --> 00:07:21,600 Speaker 9: the growth over there, the fact that they did get 160 00:07:21,680 --> 00:07:24,880 Speaker 9: positive growth was driven driven by three things I'm seeing. 161 00:07:24,920 --> 00:07:30,080 Speaker 9: It attributed to government spending. Increased government spending, foreign students, 162 00:07:30,240 --> 00:07:33,560 Speaker 9: and tourism visitors. So you've got a divergence in Australia 163 00:07:33,680 --> 00:07:36,600 Speaker 9: between the public and the private sector. The private sector 164 00:07:36,680 --> 00:07:40,280 Speaker 9: was a negative contributor to growth, but strength in the 165 00:07:40,320 --> 00:07:43,360 Speaker 9: public sector offset that. And just think about those three 166 00:07:43,400 --> 00:07:46,160 Speaker 9: factors and compare them to hear Mike. They've got increased 167 00:07:46,200 --> 00:07:49,640 Speaker 9: government spending well, our government's trying to spend less. Their 168 00:07:49,760 --> 00:07:52,840 Speaker 9: foreign students, well, foreign students have been slow to return here, 169 00:07:53,120 --> 00:07:56,400 Speaker 9: and our tourism rebound is sort of as stalling a bit, 170 00:07:56,480 --> 00:07:59,160 Speaker 9: So we're sort of quite different on those three factors. 171 00:08:00,120 --> 00:08:03,120 Speaker 9: Spending Australia is now aday record share of the OSSI 172 00:08:03,240 --> 00:08:06,320 Speaker 9: economy twenty seven point three percent of GDP. Back in 173 00:08:06,320 --> 00:08:08,680 Speaker 9: twenty twenty one it was twenty seven point one. So 174 00:08:08,720 --> 00:08:11,880 Speaker 9: the government's getting in there holding the economy up. They've 175 00:08:11,920 --> 00:08:14,280 Speaker 9: had a whole bunch of collective bargaining as well, agreements 176 00:08:14,320 --> 00:08:17,720 Speaker 9: which have pushed public sector wages up, so that's aided spending. 177 00:08:18,480 --> 00:08:21,200 Speaker 9: And next quarter they could get a boost from cost 178 00:08:21,200 --> 00:08:23,840 Speaker 9: of living measures which were announced in their budget, which 179 00:08:23,920 --> 00:08:25,280 Speaker 9: come into effect in the second quarter. 180 00:08:25,320 --> 00:08:27,560 Speaker 2: So look, we'll get our comparison on the nineteen, So 181 00:08:27,600 --> 00:08:30,920 Speaker 2: we wait. We eagerly anticipate that number, Mike. 182 00:08:30,880 --> 00:08:32,840 Speaker 3: No, we don't because it will be negative. But and 183 00:08:32,880 --> 00:08:35,520 Speaker 3: then then we have the debate OVERQ three anyway, because 184 00:08:35,520 --> 00:08:37,360 Speaker 3: of the label weekend, so we got our first big 185 00:08:37,400 --> 00:08:40,280 Speaker 3: and you alluded to this yesterday. September is an interesting 186 00:08:40,360 --> 00:08:42,360 Speaker 3: time for the markets in America. So what do we 187 00:08:42,360 --> 00:08:42,920 Speaker 3: get day one. 188 00:08:43,600 --> 00:08:46,520 Speaker 9: Yeah, so look, this is what's called the September effect. 189 00:08:46,600 --> 00:08:48,760 Speaker 9: So yeah, the first day of trading because they had 190 00:08:48,840 --> 00:08:51,520 Speaker 9: Labor day off, was an absolute shocker, you know, as 191 00:08:51,600 --> 00:08:53,760 Speaker 9: that gave up over three percent and big falls and 192 00:08:53,760 --> 00:08:56,000 Speaker 9: the S and P five under there and the S 193 00:08:56,040 --> 00:08:58,839 Speaker 9: and P fund died Dow Jones as well, So very 194 00:08:58,880 --> 00:09:01,400 Speaker 9: negative starts to set ten trading, and we get this 195 00:09:01,480 --> 00:09:02,320 Speaker 9: sort of all this talk. 196 00:09:02,200 --> 00:09:03,440 Speaker 2: About all, well that's September. 197 00:09:03,520 --> 00:09:06,840 Speaker 9: September is Look, and I haven't sort of corroborated this number, 198 00:09:07,040 --> 00:09:10,640 Speaker 9: but September is sort of recognized as being the only 199 00:09:10,800 --> 00:09:13,280 Speaker 9: calendar month to average a negative return if you look 200 00:09:13,320 --> 00:09:16,000 Speaker 9: at data going back over you know, almost one hundred years. 201 00:09:16,480 --> 00:09:18,199 Speaker 9: But you've got to be careful with averages, don't you, 202 00:09:18,280 --> 00:09:21,280 Speaker 9: because obviously it doesn't mean that every September is negative. 203 00:09:21,360 --> 00:09:24,120 Speaker 9: I also think we should point out that the US 204 00:09:24,120 --> 00:09:28,760 Speaker 9: share market does perform better in September's leading into a 205 00:09:28,920 --> 00:09:30,160 Speaker 9: US presidential election. 206 00:09:30,240 --> 00:09:31,880 Speaker 2: Of what have we got this year? We've got a 207 00:09:31,960 --> 00:09:33,400 Speaker 2: US pre dential election. 208 00:09:33,480 --> 00:09:37,280 Speaker 9: But you have these bigg anomalies when September's been terrible, 209 00:09:37,360 --> 00:09:40,160 Speaker 9: you know, nineteen thirty one share market crash, two thousand 210 00:09:40,200 --> 00:09:42,560 Speaker 9: and eight share market crash, and people remember that stuff 211 00:09:43,280 --> 00:09:46,120 Speaker 9: stoking the potential negative mood at the moment, all these 212 00:09:46,160 --> 00:09:48,040 Speaker 9: recession fears, and he had quite a bit of data 213 00:09:48,360 --> 00:09:51,440 Speaker 9: over nine. All data right now has the potential to 214 00:09:51,520 --> 00:09:53,480 Speaker 9: shift the animal spirits. You know, we got the first 215 00:09:53,480 --> 00:09:55,440 Speaker 9: of the labor numbers. I think you referred to this 216 00:09:55,520 --> 00:09:58,120 Speaker 9: before the jolts. The job opening numbers a little bit 217 00:09:58,160 --> 00:10:01,680 Speaker 9: weaker than expected. Few a job openings means a weaker 218 00:10:01,760 --> 00:10:04,840 Speaker 9: labor market. But off setting that overnight, you had durable 219 00:10:04,840 --> 00:10:07,240 Speaker 9: goods orders factories they held up. 220 00:10:07,120 --> 00:10:08,280 Speaker 2: Now at six. 221 00:10:08,640 --> 00:10:10,520 Speaker 9: Just about ten to twenty minutes ago, they had the 222 00:10:10,559 --> 00:10:14,959 Speaker 9: release of the Beige Book, cunningly called because it's always beige, 223 00:10:15,480 --> 00:10:17,559 Speaker 9: but that reports on all the different FED districts. 224 00:10:17,559 --> 00:10:18,520 Speaker 2: There's a lot of data. 225 00:10:18,280 --> 00:10:20,160 Speaker 9: When they haven't had time to look through that yet. 226 00:10:21,280 --> 00:10:23,000 Speaker 9: In the US share market at the moment, it was 227 00:10:23,040 --> 00:10:25,680 Speaker 9: holding up. It's just weakening off a little bit as 228 00:10:25,720 --> 00:10:28,880 Speaker 9: we speak. But I think once people digest that Beige Book, 229 00:10:28,880 --> 00:10:30,439 Speaker 9: we might get a bit more direction there. 230 00:10:30,480 --> 00:10:31,240 Speaker 3: What are the other numbers? 231 00:10:32,000 --> 00:10:34,880 Speaker 9: Well, so yeah, dal Jones is down fifty four points, 232 00:10:34,920 --> 00:10:36,520 Speaker 9: so it's zero point one three percent. 233 00:10:36,559 --> 00:10:37,240 Speaker 2: That's not huge. 234 00:10:37,240 --> 00:10:39,480 Speaker 9: Four the S and P five hundred and five to 235 00:10:39,559 --> 00:10:42,000 Speaker 9: five one six it's down just under quarter percent, and 236 00:10:42,080 --> 00:10:45,079 Speaker 9: the Nasdak holding up only down twenty four points, and 237 00:10:45,080 --> 00:10:48,160 Speaker 9: the seventeen thousand, one hundred and eleven dow the foots 238 00:10:48,240 --> 00:10:51,480 Speaker 9: one hundred eight two sixty nine overnight down about a third. 239 00:10:51,320 --> 00:10:51,800 Speaker 2: Of a percent. 240 00:10:51,880 --> 00:10:54,600 Speaker 9: The NICKETO had a shocker, it was down over four percent. 241 00:10:55,040 --> 00:10:58,440 Speaker 9: A lots of semiconductor stress over in Asia as well. 242 00:10:58,640 --> 00:11:02,000 Speaker 9: Thirty seven and forty was the mark there. Shanghai composite 243 00:11:02,040 --> 00:11:05,640 Speaker 9: down nineteen two seven eighty four. The oussi's yesterday lost 244 00:11:05,679 --> 00:11:08,080 Speaker 9: almost two percent, So Big four there down one hundred 245 00:11:08,120 --> 00:11:09,760 Speaker 9: and fifty three points seven nine to five oz. 246 00:11:10,120 --> 00:11:11,839 Speaker 2: But we held up pretty well. We were up. 247 00:11:11,880 --> 00:11:14,319 Speaker 9: We were up nineteen points in the insects fifty twelve 248 00:11:14,800 --> 00:11:17,520 Speaker 9: five hundred and fifty three Kiwi dollar against the US 249 00:11:17,559 --> 00:11:19,920 Speaker 9: point sixty one ninety two point ninety two three three 250 00:11:20,000 --> 00:11:22,520 Speaker 9: against the OSSI point five y five nine four euro 251 00:11:22,679 --> 00:11:25,000 Speaker 9: point four to seven one five against the pound eighty 252 00:11:25,080 --> 00:11:27,840 Speaker 9: nine point one nine Japanese yen gold two thousand, four 253 00:11:27,920 --> 00:11:29,839 Speaker 9: hundred and ninety three dollars in brink gruds still under 254 00:11:29,880 --> 00:11:32,600 Speaker 9: a bit of pressure, mics seventy two dollars and eighty 255 00:11:32,640 --> 00:11:36,800 Speaker 9: seven cents. With a strong Kiwi, we should see petrol 256 00:11:36,800 --> 00:11:39,680 Speaker 9: punk prices sort of moderating a little at some point. 257 00:11:39,800 --> 00:11:42,600 Speaker 3: Let us hope soon. We'll see you tomorrow. Andrewkelliherjmiworld dot 258 00:11:42,640 --> 00:11:45,640 Speaker 3: co dot m zscow. While we're in America. And this 259 00:11:45,720 --> 00:11:47,440 Speaker 3: is the power of the central Bank, not that they move, 260 00:11:47,520 --> 00:11:49,760 Speaker 3: but the anticipation is and the interest rates are starting 261 00:11:49,760 --> 00:11:51,800 Speaker 3: to come down. And when interest rates come down, the 262 00:11:51,800 --> 00:11:55,680 Speaker 3: people go crazy on refinancing housing. Yes they do. Mortgage 263 00:11:55,679 --> 00:11:58,959 Speaker 3: refinance numbers out this morning in America up ninety four 264 00:11:59,040 --> 00:12:02,720 Speaker 3: percent on a year ago. Six twenty one. Your News 265 00:12:02,760 --> 00:12:03,680 Speaker 3: Talk Safely. 266 00:12:07,920 --> 00:12:12,880 Speaker 1: Cool, the my Casking Breakfast full Show podcast on iHeartRadio, 267 00:12:13,200 --> 00:12:14,280 Speaker 1: powered by News Talks. 268 00:12:14,280 --> 00:12:15,199 Speaker 10: It be right. 269 00:12:15,280 --> 00:12:17,040 Speaker 3: Research departments trying to get to the bottom of the 270 00:12:17,280 --> 00:12:20,760 Speaker 3: Foreign minister quitting it. It's the big reshuffle. He's zelensky an, 271 00:12:20,920 --> 00:12:21,240 Speaker 3: what does that. 272 00:12:21,520 --> 00:12:24,400 Speaker 11: The autumn will be extremely important for Ukraine and our 273 00:12:24,400 --> 00:12:27,480 Speaker 11: state institutions must be set up so that Ukraine achieves 274 00:12:27,520 --> 00:12:30,520 Speaker 11: all the results. We need all of us to do this. 275 00:12:31,080 --> 00:12:33,560 Speaker 11: We need to strengthen some areas of the government and 276 00:12:33,600 --> 00:12:37,160 Speaker 11: we have prepared personnel decisions. There will also be changes 277 00:12:37,160 --> 00:12:40,120 Speaker 11: in the office. I'm also counting on a slightly different 278 00:12:40,120 --> 00:12:43,439 Speaker 11: weight for certain areas of our foreign and domestic policy. 279 00:12:43,160 --> 00:12:46,320 Speaker 3: Changes in the office. I must be serious by the way, 280 00:12:46,360 --> 00:12:48,600 Speaker 3: he's quit, the foreign minister's quit, and they've got a 281 00:12:48,640 --> 00:12:50,280 Speaker 3: vote on all of that. So that's going to unfold 282 00:12:50,280 --> 00:12:53,720 Speaker 3: over the next ten hours or days. Pretty patill I said, 283 00:12:53,720 --> 00:12:55,520 Speaker 3: I get to the numbers on the Tory rice if 284 00:12:55,520 --> 00:12:58,160 Speaker 3: you're interested in this. Pretty Betel's gone first round of 285 00:12:58,240 --> 00:13:02,319 Speaker 3: voting generic keep and I on that name. There's a 286 00:13:02,360 --> 00:13:04,200 Speaker 3: lot of buzz around him. He actually won the first 287 00:13:04,280 --> 00:13:07,920 Speaker 3: round twenty eight votes, bad not twenty two, cleverly third 288 00:13:07,960 --> 00:13:12,240 Speaker 3: on twenty one two and hat rodzold mate seventeen, mels 289 00:13:12,240 --> 00:13:15,840 Speaker 3: Stride at sixteen. Pretty Bettel came in last at fourteen. 290 00:13:15,920 --> 00:13:19,880 Speaker 3: So what then happens is they keep going basically until 291 00:13:19,920 --> 00:13:21,760 Speaker 3: there's two left, and when there's two left, goes to 292 00:13:21,800 --> 00:13:24,120 Speaker 3: the party membership six twenty five. 293 00:13:25,040 --> 00:13:29,600 Speaker 1: Trending now with these the home of big brand cosmetics. 294 00:13:29,640 --> 00:13:33,120 Speaker 3: Today we are in Canada with photo ops gone wrong. 295 00:13:33,280 --> 00:13:37,120 Speaker 3: PM Trudeau. He's visiting al Gooma Steel in Ontario. He's 296 00:13:37,120 --> 00:13:39,839 Speaker 3: handing out donuts to tout the government's new tariffs on 297 00:13:39,920 --> 00:13:42,840 Speaker 3: Chinese imports. But one steel worker not that impressed. 298 00:13:43,120 --> 00:13:45,840 Speaker 1: The twenty five Paris we just ride down on Chinese scales. 299 00:13:45,840 --> 00:13:46,520 Speaker 4: Can't help you out. 300 00:13:47,080 --> 00:13:50,080 Speaker 2: Jobour hundred. 301 00:13:51,679 --> 00:13:53,240 Speaker 4: Then, and they don't have a doctor. 302 00:13:53,480 --> 00:13:57,199 Speaker 2: The four hundred million dollars invest in. That's the character. 303 00:13:57,480 --> 00:13:58,240 Speaker 2: You're going to have a job. 304 00:13:58,559 --> 00:14:01,760 Speaker 12: I think you're here, won't see her. I'm probably that's 305 00:14:01,760 --> 00:14:02,679 Speaker 12: that's what the actually is for. 306 00:14:02,920 --> 00:14:05,240 Speaker 13: That's right, that's great, and I look forward to everyone 307 00:14:05,280 --> 00:14:06,360 Speaker 13: expectation to rate the boat. 308 00:14:06,440 --> 00:14:08,839 Speaker 2: Ye, the basic choice. We're going to. 309 00:14:08,800 --> 00:14:10,400 Speaker 14: Invest in you in your job, and we're going to 310 00:14:10,640 --> 00:14:10,920 Speaker 14: believe you. 311 00:14:10,960 --> 00:14:13,400 Speaker 2: For a second, dental care. 312 00:14:13,880 --> 00:14:15,240 Speaker 12: Do you know anyone who got dental care? 313 00:14:15,440 --> 00:14:15,640 Speaker 4: Yeah? 314 00:14:15,720 --> 00:14:16,640 Speaker 12: I pay for him herself. 315 00:14:16,880 --> 00:14:19,000 Speaker 13: Okay, you're not really moving anything for us. 316 00:14:19,120 --> 00:14:22,920 Speaker 2: Just well, actually we just invested so happy million. People 317 00:14:23,040 --> 00:14:24,040 Speaker 2: haven't been to the dentist. 318 00:14:24,080 --> 00:14:25,640 Speaker 14: I like to go to the dentist off of the past. 319 00:14:25,840 --> 00:14:27,800 Speaker 7: Probably like my neighbor that doesn't want to work because 320 00:14:27,800 --> 00:14:31,120 Speaker 7: she's lazy. 321 00:14:31,440 --> 00:14:32,880 Speaker 2: He has tried to step up to each other and 322 00:14:33,000 --> 00:14:34,800 Speaker 2: then we'll go too. Yeah, good luck and. 323 00:14:34,760 --> 00:14:40,000 Speaker 3: Pure he got them. I mean that is so Canadians 324 00:14:40,200 --> 00:14:43,400 Speaker 3: have as a boot. Anyway, he got himself out of 325 00:14:43,400 --> 00:14:44,000 Speaker 3: there eventually. 326 00:14:44,000 --> 00:14:46,440 Speaker 15: But you guys sounded like the Canadian Mike Hoskar is. 327 00:14:46,440 --> 00:14:48,800 Speaker 3: This the steel worker is right? He is toasted, There's 328 00:14:48,800 --> 00:14:51,160 Speaker 3: no question about that. You remember he went early during 329 00:14:51,200 --> 00:14:55,200 Speaker 3: COVID as the the ultimate opportunist, and there were lots 330 00:14:55,200 --> 00:14:56,720 Speaker 3: of people during COVID. I thought, I'm going to go 331 00:14:56,760 --> 00:14:58,200 Speaker 3: for an early election so I can get in a 332 00:14:58,240 --> 00:15:00,640 Speaker 3: majority because he runs a minority. And he got back, 333 00:15:00,720 --> 00:15:02,480 Speaker 3: but he never got his majority. So I think as 334 00:15:02,560 --> 00:15:06,720 Speaker 3: time basically is up, let's talk vegetables after the news. 335 00:15:06,920 --> 00:15:07,840 Speaker 3: Which is next. 336 00:15:10,120 --> 00:15:13,360 Speaker 1: Setting the news agenda and digging into the issues is 337 00:15:13,400 --> 00:15:18,200 Speaker 1: the Mic Hosking breakfast with Alveda Retirement Communities, Life Your 338 00:15:18,240 --> 00:15:19,520 Speaker 1: Way news talk, said. 339 00:15:19,360 --> 00:15:22,760 Speaker 3: B Yeah, who yesterday, having asked for forgiveness over the 340 00:15:22,760 --> 00:15:25,120 Speaker 3: business of the hostages, has now gone on the front 341 00:15:25,160 --> 00:15:28,320 Speaker 3: foot with the international media and the global community in general. 342 00:15:28,360 --> 00:15:31,480 Speaker 3: Today he's got out his pointer and he's got a map. 343 00:15:31,560 --> 00:15:33,600 Speaker 3: Not that you can see that, but he is standing 344 00:15:33,680 --> 00:15:36,280 Speaker 3: there with a pointer and a map explaining why we 345 00:15:36,320 --> 00:15:38,280 Speaker 3: don't understand what's really going on here. 346 00:15:38,360 --> 00:15:42,920 Speaker 14: That's the Jordan River to the sea, the Mediterranean sea. 347 00:15:43,720 --> 00:15:47,680 Speaker 14: So when Commas is talking about liberating Palestine from the 348 00:15:47,760 --> 00:15:52,640 Speaker 14: river to the sea, basically what they're saying is destroyers them. 349 00:15:53,000 --> 00:15:56,120 Speaker 14: And the entire width of this is probably around the 350 00:15:56,120 --> 00:15:59,080 Speaker 14: width of the Washington batweight. It's all together, it's widest 351 00:15:59,080 --> 00:16:00,920 Speaker 14: point about fifty mins right here. 352 00:16:02,120 --> 00:16:06,200 Speaker 3: Yeh here it is meantime, probably more pressing matters. Although 353 00:16:06,240 --> 00:16:10,680 Speaker 3: not unsurprising, Merrick Garlands night Side has found out that 354 00:16:10,720 --> 00:16:12,800 Speaker 3: there are some bad actors when it comes to the election. 355 00:16:13,200 --> 00:16:17,760 Speaker 16: RT and its employees, including the defendants, implemented a nearly 356 00:16:17,840 --> 00:16:21,440 Speaker 16: ten million dollar scheme to fund and direct a Tennessee 357 00:16:21,480 --> 00:16:26,480 Speaker 16: based company to publish and disseminate content deemed favorable to 358 00:16:26,520 --> 00:16:30,600 Speaker 16: the Russian government. To implement this scheme, the defendants directed 359 00:16:30,640 --> 00:16:35,960 Speaker 16: the company to contract with US based social media influencers 360 00:16:36,000 --> 00:16:40,440 Speaker 16: to share this content on their platforms. The subject matter 361 00:16:40,520 --> 00:16:42,760 Speaker 16: and content of many of the videos published by the 362 00:16:42,760 --> 00:16:48,040 Speaker 16: company are often consistent with Russia's interest in amplifying US 363 00:16:48,520 --> 00:16:53,400 Speaker 16: domestic divisions in order to weaken US opposition to core 364 00:16:53,840 --> 00:16:58,480 Speaker 16: Russian interests, particularly its ongoing war in Ukraine. 365 00:17:00,000 --> 00:17:04,280 Speaker 3: In theirs of the election game, here we go again afterward, 366 00:17:04,359 --> 00:17:07,480 Speaker 3: Lee and Joe mckennash. Shortly, we've got some really weird food, 367 00:17:07,720 --> 00:17:10,800 Speaker 3: a lot of shocking crime and some scandal around the 368 00:17:10,840 --> 00:17:14,000 Speaker 3: culture minister. It's a busy morning meantime back home, what 369 00:17:14,119 --> 00:17:15,880 Speaker 3: did we get out of our first supermarket report from 370 00:17:15,880 --> 00:17:17,560 Speaker 3: the Grocery Commissioner. Well, he doesn't like to look at 371 00:17:17,560 --> 00:17:19,480 Speaker 3: the market. He claims the margins are up and the 372 00:17:19,480 --> 00:17:21,960 Speaker 3: profits are too high. He's talked about tools and how 373 00:17:22,000 --> 00:17:24,520 Speaker 3: to use them. Anyway, Vegetables New Zealand share John Murphy's 374 00:17:24,520 --> 00:17:25,960 Speaker 3: backward This John, very good morning to you. 375 00:17:26,960 --> 00:17:27,600 Speaker 17: Good morning Mike. 376 00:17:27,640 --> 00:17:29,000 Speaker 3: Do you have a view on the report? 377 00:17:30,480 --> 00:17:32,440 Speaker 17: Oh, look, it would be great if grow has got 378 00:17:32,440 --> 00:17:34,640 Speaker 17: more of a slice of the pie given the commercial 379 00:17:34,720 --> 00:17:37,760 Speaker 17: risk that we take and right now we're doing it 380 00:17:37,800 --> 00:17:41,280 Speaker 17: pretty tough. But I think better market information would help, 381 00:17:41,560 --> 00:17:44,440 Speaker 17: and including trade spends in the information that comes out. 382 00:17:45,280 --> 00:17:48,399 Speaker 17: But ultimately we need to work with supermarkets to get 383 00:17:49,000 --> 00:17:50,639 Speaker 17: more vegetables on kiwis plates. 384 00:17:51,040 --> 00:17:54,320 Speaker 3: Right, the view of the market isn't broken as it's 385 00:17:54,359 --> 00:17:56,880 Speaker 3: being suggested. It is Is it any different this year 386 00:17:56,920 --> 00:17:59,280 Speaker 3: than it was last year? And this bloke started his job. 387 00:18:00,800 --> 00:18:03,359 Speaker 17: Look at early days for the Grocery Commission and I 388 00:18:03,359 --> 00:18:07,320 Speaker 17: don't think you can magic a transparent market out of nowhere, 389 00:18:07,359 --> 00:18:09,720 Speaker 17: and so as I say, I think it's about better 390 00:18:09,760 --> 00:18:13,240 Speaker 17: reporting and better information so that the market can function properly. 391 00:18:13,920 --> 00:18:18,320 Speaker 17: I don't like the idea of market intervention in the 392 00:18:18,320 --> 00:18:22,160 Speaker 17: wholesale market necessarily. I don't know that that will lead 393 00:18:22,160 --> 00:18:25,639 Speaker 17: to a more dynamic market that people are talking about. 394 00:18:25,920 --> 00:18:28,280 Speaker 3: Who would interfere with it? And how would they interfere? 395 00:18:28,320 --> 00:18:30,399 Speaker 3: Do you have any understanding of that, because I don't. 396 00:18:32,119 --> 00:18:34,679 Speaker 17: Look, it's really hard to see what that would look like. 397 00:18:34,760 --> 00:18:38,320 Speaker 17: But I think the reaver you have government intervention, you've 398 00:18:38,359 --> 00:18:40,439 Speaker 17: really got to be careful that the real world outcomes 399 00:18:40,920 --> 00:18:44,119 Speaker 17: are a benefit to consumers and also to produces. 400 00:18:44,960 --> 00:18:47,280 Speaker 3: See the difficult part that you're in, as far as 401 00:18:47,280 --> 00:18:49,280 Speaker 3: I can work out, and you're involved in the inflationary 402 00:18:49,359 --> 00:18:51,560 Speaker 3: numbers and stuff. If it rains a lot or doesn't 403 00:18:51,640 --> 00:18:53,680 Speaker 3: rain a lot, you're directly affected by the amount of 404 00:18:53,720 --> 00:18:55,359 Speaker 3: stuff that you can produce. The amount of stuff that 405 00:18:55,400 --> 00:18:58,560 Speaker 3: you produce affects directly the price a lot of that's 406 00:18:58,600 --> 00:19:00,480 Speaker 3: beyond anybody's control, isn't it. 407 00:19:01,960 --> 00:19:02,320 Speaker 12: Correct? 408 00:19:02,320 --> 00:19:04,919 Speaker 17: And look, we do everything we can to be more 409 00:19:04,960 --> 00:19:08,119 Speaker 17: productive every day and to deliver more fresh vegetables to 410 00:19:08,200 --> 00:19:12,840 Speaker 17: New Zealanders. That's our job. How the market operates beyond 411 00:19:12,840 --> 00:19:15,720 Speaker 17: the farm gate. That's very important to us and as 412 00:19:15,920 --> 00:19:19,240 Speaker 17: a part of our cost structure, but that we're really 413 00:19:19,240 --> 00:19:22,399 Speaker 17: focused on what we can do ourselves and look at it. 414 00:19:22,560 --> 00:19:26,600 Speaker 17: It's good to see supermarkets committing to initiatives like five 415 00:19:26,640 --> 00:19:29,280 Speaker 17: plus a day and need one more vegetable. We went 416 00:19:29,320 --> 00:19:34,280 Speaker 17: summare that, But I think that more information is really 417 00:19:34,280 --> 00:19:34,840 Speaker 17: the key here. 418 00:19:35,040 --> 00:19:38,080 Speaker 3: All right, good insight, John appreciated very much. John Murphy, Vegetables, 419 00:19:38,080 --> 00:19:41,159 Speaker 3: New Zealand Chair, nineteen minutes away from seven. I've got 420 00:19:41,160 --> 00:19:42,880 Speaker 3: a beef and lamb report that I'll come to shortly. 421 00:19:42,960 --> 00:19:46,200 Speaker 3: It's the new season outlooks. They use the word green 422 00:19:46,240 --> 00:19:48,000 Speaker 3: shoots and I look through it and I thought, where 423 00:19:48,000 --> 00:19:50,879 Speaker 3: are the green shoots. I've got one green shoot. The 424 00:19:50,920 --> 00:19:52,600 Speaker 3: rest looked like dead weeds. But I'll come back to 425 00:19:52,640 --> 00:19:54,760 Speaker 3: that in the moment. Mike, I'm a supply at grocery. 426 00:19:54,840 --> 00:19:57,159 Speaker 3: My biggest concern is not the retail pricing. We're a 427 00:19:57,200 --> 00:19:59,159 Speaker 3: small population and a small market. It's to have to 428 00:19:59,160 --> 00:20:01,199 Speaker 3: make a buck in any industry. My concern is how 429 00:20:01,240 --> 00:20:04,080 Speaker 3: they negotiate on price. They're bullies and they threaten deletion 430 00:20:04,160 --> 00:20:06,440 Speaker 3: when a supplier doesn't meet demands for a drop in price, 431 00:20:06,520 --> 00:20:08,600 Speaker 3: even when their current price is the best in market. 432 00:20:08,600 --> 00:20:11,360 Speaker 3: When that is addressed, and it has gone on for 433 00:20:11,359 --> 00:20:13,600 Speaker 3: forty five years I've been in the industry, we may 434 00:20:13,640 --> 00:20:16,000 Speaker 3: see improvements in retail pricing. Well, if what you say 435 00:20:16,080 --> 00:20:18,320 Speaker 3: is correct. And this is you're running me the age 436 00:20:18,320 --> 00:20:20,960 Speaker 3: old line that you come up with your truckload of 437 00:20:21,000 --> 00:20:22,919 Speaker 3: potatoes and they go pay your dollar, and you go, 438 00:20:23,040 --> 00:20:24,840 Speaker 3: I'd really like a dollar twenty and they say take 439 00:20:24,840 --> 00:20:26,439 Speaker 3: it or leave it, and we're big and you're not, 440 00:20:26,560 --> 00:20:29,840 Speaker 3: and so go away. How do you change that? And 441 00:20:29,920 --> 00:20:34,000 Speaker 3: the argument is if another player arrived in town, they go, actually, 442 00:20:34,040 --> 00:20:36,280 Speaker 3: I'll give you a dollar twenty, so you off to them. 443 00:20:36,760 --> 00:20:38,440 Speaker 3: Is that really how it works for You're going to 444 00:20:38,520 --> 00:20:42,000 Speaker 3: need old Pierre to be the Tzara of potatoes and 445 00:20:42,040 --> 00:20:43,679 Speaker 3: tell you how much a cost of potato is. And 446 00:20:43,720 --> 00:20:45,280 Speaker 3: if you're going down that track, why don't you just 447 00:20:45,280 --> 00:20:48,440 Speaker 3: call yourself North Korea eighteen two The. 448 00:20:48,520 --> 00:20:53,040 Speaker 1: Mic Hosking Breakfast Full Show podcast on iHeartRadio powered by 449 00:20:53,119 --> 00:20:53,880 Speaker 1: News Talks AP. 450 00:20:54,280 --> 00:20:56,360 Speaker 3: Let me just give you some polling if you've missed 451 00:20:56,359 --> 00:20:58,439 Speaker 3: it this morning, out of America average, fifteen percent of 452 00:20:58,560 --> 00:21:01,280 Speaker 3: likely voters say they haven't yet food decided on their choice. 453 00:21:01,320 --> 00:21:02,720 Speaker 3: I don't believe a word of it. 454 00:21:03,280 --> 00:21:03,960 Speaker 12: I do not. 455 00:21:04,440 --> 00:21:08,760 Speaker 3: Believe there's a single person in America who hasn't worked 456 00:21:08,760 --> 00:21:10,400 Speaker 3: out whether or not they're going to vote for Trump 457 00:21:10,520 --> 00:21:12,800 Speaker 3: or Harris. They might not know whether they're gonna vote 458 00:21:12,840 --> 00:21:15,840 Speaker 3: at all. I can accept that. But to say it 459 00:21:15,880 --> 00:21:19,520 Speaker 3: could be Harris, Oh no, it might be Trump, what bollocks? Anyway. 460 00:21:19,520 --> 00:21:23,040 Speaker 3: So here's the polling this morning from CNN Wisconsin fifty 461 00:21:23,119 --> 00:21:26,479 Speaker 3: forty four to Harris Michigan forty eight forty three, Harris 462 00:21:27,119 --> 00:21:32,439 Speaker 3: Arizona forty nine, forty four, Trump, Georgia, Nevada forty eight 463 00:21:32,440 --> 00:21:36,560 Speaker 3: to forty seven for both states to Harris Pennsylvania locked 464 00:21:36,560 --> 00:21:39,160 Speaker 3: in at forty seven, couldn't be tired at six forty five. 465 00:21:40,040 --> 00:21:43,960 Speaker 18: International correspondence with ends an eye insurance, peace of mind 466 00:21:44,000 --> 00:21:46,399 Speaker 18: for New Zealand business automatically. 467 00:21:45,840 --> 00:21:48,440 Speaker 3: Joe McKennon, very good morning for you, good money make 468 00:21:48,600 --> 00:21:50,800 Speaker 3: So these are so, first of all, this is dreadful business. 469 00:21:50,840 --> 00:21:53,760 Speaker 3: So a seventeen year old killed his entire family allegedly. 470 00:21:54,359 --> 00:21:57,280 Speaker 19: Yeah, I mean, it's just crazy stuff. And as we know, 471 00:21:57,520 --> 00:22:00,880 Speaker 19: Italy is a country where the family unit is totally revered, 472 00:22:01,760 --> 00:22:04,240 Speaker 19: even more so than everywhere else in the world I think. 473 00:22:05,160 --> 00:22:08,359 Speaker 19: And this seventeen year old stabbed his mother, father, and 474 00:22:08,480 --> 00:22:13,119 Speaker 19: younger brother to death and this occured just in a 475 00:22:13,200 --> 00:22:15,919 Speaker 19: town on the edge of Milan. Police said that he 476 00:22:16,280 --> 00:22:20,040 Speaker 19: felt extraneous. They used the word extraneous to his family 477 00:22:20,080 --> 00:22:23,159 Speaker 19: and killed them so that he could be free. The 478 00:22:23,160 --> 00:22:25,720 Speaker 19: Prime Minister's spoken about it. Maloney said that the triple 479 00:22:25,800 --> 00:22:29,120 Speaker 19: murder was beyond imagination and the papers have been filled 480 00:22:29,160 --> 00:22:33,040 Speaker 19: with analysts saying parents in Italy giving their kids everything, 481 00:22:33,080 --> 00:22:35,119 Speaker 19: but failing to listen to them anymore. 482 00:22:35,280 --> 00:22:39,880 Speaker 3: Wow, at seventeen, does the treatment by the judicial process 483 00:22:39,880 --> 00:22:41,000 Speaker 3: making the difference there or not? 484 00:22:42,160 --> 00:22:42,520 Speaker 14: Ah? 485 00:22:42,560 --> 00:22:44,480 Speaker 19: Well, they haven't named him, so he's going to go 486 00:22:44,520 --> 00:22:47,760 Speaker 19: through the juvenile system, so we're not getting it quite 487 00:22:47,760 --> 00:22:49,959 Speaker 19: as much information as we might if he was an adult. 488 00:22:50,080 --> 00:22:51,959 Speaker 3: And then we get the woman who was stabbed by 489 00:22:51,960 --> 00:22:53,720 Speaker 3: the son of an African migrant. So that's the whole 490 00:22:53,760 --> 00:22:55,280 Speaker 3: migration argument back up again. 491 00:22:56,240 --> 00:22:59,840 Speaker 19: Yeah, but this one was also very very strange. This 492 00:23:00,160 --> 00:23:02,600 Speaker 19: thirty one year old, who was born in Milan to 493 00:23:02,680 --> 00:23:07,240 Speaker 19: African parents, traveled to a small town, eight thousand people. 494 00:23:07,320 --> 00:23:10,320 Speaker 19: This woman happened to be taking a late night stroll 495 00:23:10,440 --> 00:23:13,760 Speaker 19: around midnight in this town, which is very, very small, 496 00:23:14,320 --> 00:23:16,479 Speaker 19: and he just walked down the street and stabbed her 497 00:23:17,119 --> 00:23:21,159 Speaker 19: to death. So that's also roped the country as well. 498 00:23:21,320 --> 00:23:25,160 Speaker 3: I'm not surprised the Culture minister. So has he given 499 00:23:25,200 --> 00:23:27,000 Speaker 3: this woman a job or has he not? 500 00:23:28,440 --> 00:23:32,240 Speaker 19: Well, he gave her a job and insists that he's 501 00:23:32,359 --> 00:23:36,440 Speaker 19: paid her no money from his ministry, the Culture Ministry, 502 00:23:37,480 --> 00:23:40,639 Speaker 19: Gennaro's San Giuliano. But an interesting twist just before I 503 00:23:40,680 --> 00:23:43,480 Speaker 19: came on air, he's given a TV interview tonight and 504 00:23:43,560 --> 00:23:46,879 Speaker 19: admitted to having an affair with this woman and tended 505 00:23:46,880 --> 00:23:49,960 Speaker 19: his resignation, but he says the Prime Minister, Georgia Maloney 506 00:23:49,960 --> 00:23:53,920 Speaker 19: will not accept it. So everyone's waiting for the next 507 00:23:53,960 --> 00:23:54,440 Speaker 19: move here. 508 00:23:54,920 --> 00:23:58,680 Speaker 3: So what, Because, of course you have your cultural moras 509 00:23:58,720 --> 00:24:01,680 Speaker 3: are slightly different than otheres around the world. So when 510 00:24:01,720 --> 00:24:04,040 Speaker 3: you have an affair with somebody as a minister, is 511 00:24:04,080 --> 00:24:07,159 Speaker 3: that in and of itself a sackable slash resignation of 512 00:24:07,240 --> 00:24:09,320 Speaker 3: fence or is it the fact he had the affair 513 00:24:09,359 --> 00:24:10,320 Speaker 3: plus offered the job. 514 00:24:11,160 --> 00:24:13,119 Speaker 19: Well, I think most people think it might be a 515 00:24:13,160 --> 00:24:15,840 Speaker 19: sackable offense. But then I'm not quite sure how rife 516 00:24:15,840 --> 00:24:20,560 Speaker 19: it is in government circles. But she's certainly been manipulating 517 00:24:20,600 --> 00:24:23,440 Speaker 19: the situation and posting all sorts of things on her 518 00:24:23,520 --> 00:24:27,200 Speaker 19: Instagram account thanking him for appointing her as an advisor 519 00:24:27,240 --> 00:24:31,399 Speaker 19: for major events. So it's certainly getting a lot of attention. 520 00:24:31,480 --> 00:24:33,720 Speaker 3: As you can imagine, is she famous? Does everyone know 521 00:24:33,760 --> 00:24:34,159 Speaker 3: who she is? 522 00:24:34,880 --> 00:24:38,240 Speaker 19: She is now right, And there's about a twenty year 523 00:24:38,280 --> 00:24:40,439 Speaker 19: age difference, which also that's interesting. 524 00:24:40,560 --> 00:24:43,200 Speaker 3: Of course there is now this. I don't know what 525 00:24:43,240 --> 00:24:45,960 Speaker 3: sort of legal proceedings you can bring against Hines. I've 526 00:24:46,000 --> 00:24:48,960 Speaker 3: seen the can, I've seen what's in it. I mean, 527 00:24:49,080 --> 00:24:50,720 Speaker 3: it is disgusting. 528 00:24:52,800 --> 00:24:55,840 Speaker 19: Who would want to eat spaghetti carbonaa in a can? 529 00:24:55,960 --> 00:24:58,600 Speaker 19: But I mean some people eat spaghetti in a can, 530 00:24:58,680 --> 00:24:59,040 Speaker 19: don't they? 531 00:24:59,480 --> 00:25:02,480 Speaker 3: Yes, don't don't to Joe, don't say that. Don't say that, 532 00:25:02,680 --> 00:25:05,760 Speaker 3: Like I know you've been living in Italy a long time. 533 00:25:05,800 --> 00:25:07,919 Speaker 3: It's beginning in a can. Actually, for many people in 534 00:25:07,920 --> 00:25:10,680 Speaker 3: New Zealand is like a welcome thing at breakfast time 535 00:25:10,760 --> 00:25:16,720 Speaker 3: in the morning. It's like, is it a hangover cure? No? No, 536 00:25:16,960 --> 00:25:19,240 Speaker 3: it's just a welcome peace and you put it on 537 00:25:19,280 --> 00:25:22,480 Speaker 3: toast with butter anyway. So is this available in Italy 538 00:25:22,520 --> 00:25:23,560 Speaker 3: the Cabanara. 539 00:25:24,280 --> 00:25:24,880 Speaker 1: Not so far. 540 00:25:25,040 --> 00:25:27,040 Speaker 19: I think it's going to be released in September in 541 00:25:27,040 --> 00:25:30,040 Speaker 19: the UK. I haven't heard about other countries. But they're 542 00:25:30,200 --> 00:25:34,000 Speaker 19: pitching this at young consumers, probably those people in London 543 00:25:34,040 --> 00:25:37,040 Speaker 19: who are going pub crawling on a Friday night and 544 00:25:37,160 --> 00:25:39,560 Speaker 19: looking for something when they get home. But chefs and 545 00:25:39,640 --> 00:25:42,040 Speaker 19: restaurants across Italy are up in arms about this, as 546 00:25:42,040 --> 00:25:42,760 Speaker 19: you can imagine. 547 00:25:42,840 --> 00:25:44,720 Speaker 3: I'm not surprised. All right, go well, we'll catch up 548 00:25:44,760 --> 00:25:48,240 Speaker 3: next Thursday. Pleasure as always, Joe Jeremy Kenna in Italy 549 00:25:48,280 --> 00:25:50,640 Speaker 3: Thursday Mornings on the Mike Hosking Breakfast ten away from seven, 550 00:25:52,320 --> 00:25:52,800 Speaker 3: all the. 551 00:25:52,920 --> 00:25:57,560 Speaker 1: Mic hosting Breakfast with a Veta, Retirement, Communities News, togs head. 552 00:25:57,359 --> 00:25:59,000 Speaker 3: Bright, I sit up and pay attention and get a 553 00:25:59,000 --> 00:26:00,840 Speaker 3: whole lot of numbers for you glasses. And so this 554 00:26:00,880 --> 00:26:02,479 Speaker 3: is Beef and Lamb. First of all, this is their 555 00:26:02,520 --> 00:26:04,840 Speaker 3: new season outlook I was alluding to earlier on they 556 00:26:04,880 --> 00:26:06,919 Speaker 3: say signs of green shoots. I'll come to what I 557 00:26:07,119 --> 00:26:10,399 Speaker 3: find to be a green shoot. Decrease in farm profit 558 00:26:10,440 --> 00:26:12,760 Speaker 3: on average, down seven and a half percent, to forty 559 00:26:12,760 --> 00:26:15,320 Speaker 3: five thousand dollars. Imagine running a farm, being a farmer, 560 00:26:15,720 --> 00:26:17,320 Speaker 3: and at the end of the year, for all your efforts, 561 00:26:17,359 --> 00:26:18,879 Speaker 3: for all of the getting up early in the morning, 562 00:26:18,920 --> 00:26:22,000 Speaker 3: for all the arduous risk, you're taking your pocket forty 563 00:26:22,000 --> 00:26:26,399 Speaker 3: five thousand dollars hard work. Our revenue forecast will increase slightly, 564 00:26:26,440 --> 00:26:28,479 Speaker 3: So I suppose that's good news. One point one percent up, 565 00:26:28,520 --> 00:26:30,600 Speaker 3: offset by a projected one point eight percent rise and 566 00:26:30,640 --> 00:26:34,240 Speaker 3: farm expenditure. Though Chinese economy is still a problem. Lamb 567 00:26:34,600 --> 00:26:36,919 Speaker 3: projected to be one hundred and thirty ahead. That's up 568 00:26:36,960 --> 00:26:39,439 Speaker 3: one point one percent, still eight point two percent below 569 00:26:39,520 --> 00:26:42,800 Speaker 3: the five year average. Mutton throw it in the bin, 570 00:26:43,280 --> 00:26:46,960 Speaker 3: steady at sixty dollars ahead, forty six percent below the 571 00:26:47,000 --> 00:26:49,960 Speaker 3: five year average. All beef price, here's your green shoot, 572 00:26:50,000 --> 00:26:53,359 Speaker 3: five thirty five a kg, four point three percent above 573 00:26:53,520 --> 00:26:57,400 Speaker 3: last season and four point eight percent above the five 574 00:26:57,480 --> 00:26:59,960 Speaker 3: year average. That's your green shoot. Big demand in the state. 575 00:27:00,119 --> 00:27:03,000 Speaker 3: They're saving us. They've got no cows left in America. 576 00:27:03,119 --> 00:27:07,080 Speaker 3: Cattle herds at the lowest and seventy years. Export volumes 577 00:27:07,080 --> 00:27:09,960 Speaker 3: for our red meat are expected to be lower this 578 00:27:10,080 --> 00:27:13,360 Speaker 3: coming season. Lamb down seven, mutton down seven, beef down three. 579 00:27:13,400 --> 00:27:14,840 Speaker 3: A lot of that's to do with the drought, so 580 00:27:14,920 --> 00:27:17,840 Speaker 3: it is hard yards on the farm. And as they 581 00:27:17,840 --> 00:27:20,680 Speaker 3: also point out, and I too often, it's big money 582 00:27:20,680 --> 00:27:22,679 Speaker 3: in this country, or should be big money, or hopefully 583 00:27:22,760 --> 00:27:25,480 Speaker 3: is big money between dairy tourism and that. That's how 584 00:27:25,520 --> 00:27:26,640 Speaker 3: we make our money with the world. 585 00:27:26,720 --> 00:27:26,880 Speaker 2: Right. 586 00:27:26,920 --> 00:27:31,520 Speaker 3: That's just the first seven numbers. Five minutes away from seven, all. 587 00:27:31,359 --> 00:27:35,080 Speaker 1: The ins and the outs. It's the fizz with business 588 00:27:35,080 --> 00:27:38,119 Speaker 1: fiber take your business productivity to the next level. 589 00:27:38,160 --> 00:27:40,840 Speaker 3: Takes me seriously, as acquist. Seven to fifteen. More housing 590 00:27:40,920 --> 00:27:43,080 Speaker 3: numbers are from core Logic this morning. Wile we got 591 00:27:43,080 --> 00:27:45,480 Speaker 3: we've got the home value index that shows values down 592 00:27:45,600 --> 00:27:49,000 Speaker 3: August half a percent, which is the sixth straight month 593 00:27:49,080 --> 00:27:50,960 Speaker 3: of fall since what we thought might have been a 594 00:27:50,960 --> 00:27:53,560 Speaker 3: peak in February. Takes the total fall since feb to 595 00:27:53,680 --> 00:27:55,840 Speaker 3: three point seven percent on average, works out to be 596 00:27:55,880 --> 00:27:58,119 Speaker 3: a drop in valuation of about thirty one thousand dollars. 597 00:27:58,880 --> 00:28:01,240 Speaker 3: Median value of the homes now eight hundred and eleven, 598 00:28:01,400 --> 00:28:03,680 Speaker 3: which is seventeen percent above pre COVID, so we're still 599 00:28:03,720 --> 00:28:06,080 Speaker 3: on the upside, but at seventeen percent lower than the 600 00:28:06,119 --> 00:28:07,879 Speaker 3: peak of Jen twenty two. So it depends on your 601 00:28:07,880 --> 00:28:09,920 Speaker 3: glasses half full of half empty. Let's make it half 602 00:28:09,920 --> 00:28:13,119 Speaker 3: fall showing apart from christ Church, good old christ Church 603 00:28:13,280 --> 00:28:16,560 Speaker 3: up zero point two percent, all all around the rest 604 00:28:16,560 --> 00:28:18,600 Speaker 3: of the place down a bit. Auckland down a point 605 00:28:18,680 --> 00:28:22,320 Speaker 3: one percent. Value is down down six since January, Hamilton 606 00:28:22,359 --> 00:28:24,880 Speaker 3: down point eight, Towering and Wellington and need and down 607 00:28:24,920 --> 00:28:27,160 Speaker 3: between zero point one zero point Five's happy, it's worrying 608 00:28:27,200 --> 00:28:30,119 Speaker 3: about it. Christchurch's still your best place, though homes are 609 00:28:30,119 --> 00:28:34,359 Speaker 3: still up forty point seven percent on pre COVID levels. 610 00:28:34,720 --> 00:28:38,560 Speaker 3: You are laughing in the churcher Auckland. What have we 611 00:28:38,600 --> 00:28:39,440 Speaker 3: got average prices? 612 00:28:39,480 --> 00:28:39,640 Speaker 10: All? 613 00:28:39,640 --> 00:28:41,800 Speaker 3: We love an average Christ? Don't we a little bit 614 00:28:41,840 --> 00:28:45,520 Speaker 3: above a million? In Auckland? Hamilton seven thirty four nine 615 00:28:45,600 --> 00:28:49,200 Speaker 3: ten and Towerng and Wellington eight twenty six sixt eighty 616 00:28:49,240 --> 00:28:51,000 Speaker 3: six and christ Church? Which is why everyone's moving to 617 00:28:51,040 --> 00:28:53,160 Speaker 3: christ Church because you get the city vibe, you get 618 00:28:53,200 --> 00:28:55,560 Speaker 3: the international connections at the airport, and you're only paying 619 00:28:55,600 --> 00:28:57,520 Speaker 3: six to eighty six on average per house. Who was 620 00:28:57,560 --> 00:29:01,320 Speaker 3: I Katie told me someone's moving there yet another person yesterday? 621 00:29:01,360 --> 00:29:05,040 Speaker 3: Can't a headresser, could have been a podiatrist, could have 622 00:29:05,040 --> 00:29:07,760 Speaker 3: been my certainly my high genus move there since I last. 623 00:29:07,800 --> 00:29:09,880 Speaker 3: When I'm going to a new hygienis next week, I'll 624 00:29:09,880 --> 00:29:11,520 Speaker 3: tell you how that goes. Oh, I know you don't 625 00:29:11,560 --> 00:29:12,800 Speaker 3: want to hear it, but I'm going to tell you anyway. 626 00:29:12,920 --> 00:29:16,840 Speaker 3: Dunedin six oh four, Nape You're seven o six, Palmerston 627 00:29:16,920 --> 00:29:20,360 Speaker 3: six o four, Hasting six p ninety two, fungar A 628 00:29:20,560 --> 00:29:26,160 Speaker 3: seven thirty, Wogan Ui four eight four, Rotorua five nine six, 629 00:29:26,360 --> 00:29:31,440 Speaker 3: Gisbon five eight two, Nelson seven eighteen, New Plymouth sixty 630 00:29:31,480 --> 00:29:35,760 Speaker 3: seven six, all the six six seventy six and Becago 631 00:29:35,840 --> 00:29:38,400 Speaker 3: four seven one. Queenstown one point five to five million, 632 00:29:38,920 --> 00:29:43,400 Speaker 3: Queen's Day. See John Trabolta was there yesterday. He's flying 633 00:29:43,440 --> 00:29:46,760 Speaker 3: an old plane and it looked too small to come 634 00:29:46,760 --> 00:29:50,040 Speaker 3: from America. He landed in Australia. The Australians got excited 635 00:29:50,080 --> 00:29:51,880 Speaker 3: as well, in that clickbait way that you know the 636 00:29:51,880 --> 00:29:54,080 Speaker 3: tabloid press do these days. But I don't know whether 637 00:29:54,080 --> 00:29:55,720 Speaker 3: he brought it from America, but he soon he took 638 00:29:55,760 --> 00:29:56,560 Speaker 3: it from Queenstown. 639 00:29:57,480 --> 00:30:01,920 Speaker 1: You're trusted home for news, fort opinion and Mike the 640 00:30:02,120 --> 00:30:06,000 Speaker 1: Mic asking Breakfast with the Jaguar f pace cut from 641 00:30:06,000 --> 00:30:06,960 Speaker 1: a different class. 642 00:30:07,040 --> 00:30:08,160 Speaker 2: News talk ZEDB. 643 00:30:08,120 --> 00:30:10,200 Speaker 3: Morning seven past seven to a day after the tourist 644 00:30:10,280 --> 00:30:12,920 Speaker 3: arrival tax was announced, the press releases flying we find 645 00:30:12,960 --> 00:30:14,960 Speaker 3: out this morning two point six billion dollars went into 646 00:30:15,000 --> 00:30:17,240 Speaker 3: the economy last quarter from tourism, and annually that's a 647 00:30:17,280 --> 00:30:19,320 Speaker 3: number of eleven point six billion dollars. So this is 648 00:30:19,320 --> 00:30:21,680 Speaker 3: the government supplying the numbers and then they sprook it 649 00:30:21,680 --> 00:30:24,440 Speaker 3: by going that's up seventeen percent on twenty twenty three. 650 00:30:24,560 --> 00:30:26,720 Speaker 3: But there's a twist in that that is of course 651 00:30:26,760 --> 00:30:29,080 Speaker 3: off a low base irony of ironies. I happened to 652 00:30:29,120 --> 00:30:31,960 Speaker 3: be talking to Richard Quest this morning of CNN, who 653 00:30:32,040 --> 00:30:34,720 Speaker 3: was reading yesterday about the increases in taxes. So a 654 00:30:34,800 --> 00:30:37,800 Speaker 3: view from outside looking in as to what we're doing 655 00:30:37,800 --> 00:30:39,080 Speaker 3: with aviation and tourism. 656 00:30:39,200 --> 00:30:42,120 Speaker 10: If I'm flying on a seven, eight, nine, ten thousand 657 00:30:42,160 --> 00:30:46,200 Speaker 10: dollar ticket from the US or whatever five thousand dollars ticket, 658 00:30:46,320 --> 00:30:50,000 Speaker 10: what difference does it make? It doesn't really that that tax. 659 00:30:50,280 --> 00:30:52,800 Speaker 10: But you look at Sweden, which has just taken off 660 00:30:52,840 --> 00:30:57,520 Speaker 10: the aviation tax from next year, You've got to ask, 661 00:30:57,880 --> 00:30:59,840 Speaker 10: you know, I saw the announcements about the new z 662 00:31:01,360 --> 00:31:04,959 Speaker 10: increase taxes. You're going to want guarantees that that money 663 00:31:05,200 --> 00:31:07,760 Speaker 10: is going to be ring fenced for the purposes for 664 00:31:07,840 --> 00:31:10,800 Speaker 10: which it was intended. But what sort of a message 665 00:31:10,840 --> 00:31:13,960 Speaker 10: does it send. What sort of a message does it 666 00:31:14,080 --> 00:31:17,040 Speaker 10: send that basically, well, welcome and we're going to increase 667 00:31:17,080 --> 00:31:19,520 Speaker 10: the tax for you being here. There are other ways 668 00:31:19,520 --> 00:31:22,840 Speaker 10: it could have been done. New Zealand does not have 669 00:31:22,880 --> 00:31:27,480 Speaker 10: a god given right to tourism, the tourism increasing a tax. 670 00:31:27,520 --> 00:31:31,600 Speaker 10: It's a relatively small amount, but it is symbolic of 671 00:31:32,000 --> 00:31:34,880 Speaker 10: a mindset that I think the industry is going to 672 00:31:34,880 --> 00:31:40,440 Speaker 10: find and argue very strongly against. As for aviation, gangbusters, Yes, 673 00:31:40,480 --> 00:31:45,120 Speaker 10: here's another thing, mike. Aviation, as you know, is its 674 00:31:45,320 --> 00:31:48,360 Speaker 10: own worst enemy. It will buy planes, it will put 675 00:31:48,400 --> 00:31:51,920 Speaker 10: in capacity, it will fly more seats than it needs to, 676 00:31:52,160 --> 00:31:55,680 Speaker 10: until eventually everybody's losing money and they're screaming, well, they 677 00:31:55,680 --> 00:31:59,320 Speaker 10: can't do that now because the aircraft manufacturers, both Burning 678 00:31:59,400 --> 00:32:02,360 Speaker 10: and US have got serious delays in the uder book, 679 00:32:02,840 --> 00:32:06,160 Speaker 10: and the engine manufacturers have got greater maintenance on all 680 00:32:06,160 --> 00:32:11,760 Speaker 10: the major models. So the airlines themselves, frankly, are being 681 00:32:11,960 --> 00:32:17,400 Speaker 10: saved from their own stupidity by external factors of which 682 00:32:17,400 --> 00:32:17,880 Speaker 10: they have no. 683 00:32:17,840 --> 00:32:23,880 Speaker 3: Control asking interesting, isn't it outside looking in? So we'll 684 00:32:23,920 --> 00:32:26,200 Speaker 3: have more on that later on. Anyway, where are we 685 00:32:26,240 --> 00:32:28,200 Speaker 3: nine minutes past seven? I got more change coming on 686 00:32:28,320 --> 00:32:30,239 Speaker 3: the lending money, the banking side of the equation. This 687 00:32:30,280 --> 00:32:32,960 Speaker 3: is all part of the overall Triple CFA reforms, of course, 688 00:32:33,200 --> 00:32:35,680 Speaker 3: started famously all those years ago by David Clark and 689 00:32:35,720 --> 00:32:37,920 Speaker 3: completely cocked up and changed over and over. Anyway, the 690 00:32:37,920 --> 00:32:40,600 Speaker 3: Financial Market's Authority is said to become a one stop 691 00:32:40,640 --> 00:32:43,640 Speaker 3: regulatory shop. They will look after licenses to ensure consumers 692 00:32:43,640 --> 00:32:46,480 Speaker 3: have looked after as well. Banking Association hit Roger beaumonts 693 00:32:46,520 --> 00:32:48,120 Speaker 3: with us on this's Roger, very good morning to you. 694 00:32:48,960 --> 00:32:50,400 Speaker 20: Oh good morning, Mike, thanks for having me. 695 00:32:50,480 --> 00:32:50,920 Speaker 2: Not at all. 696 00:32:50,920 --> 00:32:53,320 Speaker 3: This strikes me as sort of back room stuff that 697 00:32:53,360 --> 00:32:55,800 Speaker 3: the average punt are looking for a mortgage wouldn't necessarily 698 00:32:55,840 --> 00:32:57,480 Speaker 3: know or care about. Is that fear or not? 699 00:32:58,560 --> 00:32:58,680 Speaker 10: Oh? 700 00:32:58,800 --> 00:33:02,280 Speaker 20: Yes, I think they will be minimal impact frontline customers 701 00:33:02,320 --> 00:33:04,200 Speaker 20: on this, But I mean this is part of a 702 00:33:04,440 --> 00:33:08,040 Speaker 20: further theories of changes that the Minister has been making 703 00:33:08,800 --> 00:33:12,320 Speaker 20: to the Triple CFA, which, as we've talked about numerous times, 704 00:33:12,320 --> 00:33:14,800 Speaker 20: has been a source of pain and difficulty for both 705 00:33:14,880 --> 00:33:16,880 Speaker 20: and fan customers trying to get lending. 706 00:33:17,840 --> 00:33:20,920 Speaker 3: Okay, so does it improve things at your side of 707 00:33:20,960 --> 00:33:21,440 Speaker 3: the equation? 708 00:33:22,720 --> 00:33:25,160 Speaker 20: Yeah, well, I think one of the ready key changes 709 00:33:25,200 --> 00:33:28,720 Speaker 20: the Minister now for last night is that the personal 710 00:33:28,800 --> 00:33:33,160 Speaker 20: liability for managers and banks will be ditched. And what 711 00:33:33,200 --> 00:33:38,560 Speaker 20: that means is that managers were potentially subject to a 712 00:33:38,600 --> 00:33:42,280 Speaker 20: two hundred thousand dollars fine if they breached the code. 713 00:33:43,040 --> 00:33:45,440 Speaker 20: And just to give you an example of how draconian 714 00:33:45,480 --> 00:33:49,480 Speaker 20: this has been, either the bank or the manager themselves 715 00:33:49,560 --> 00:33:54,280 Speaker 20: personally was prevented from taking out insurance to protect them 716 00:33:54,280 --> 00:33:57,840 Speaker 20: from that fine. So it was a really strict regime 717 00:33:58,360 --> 00:34:02,600 Speaker 20: that I think had some unintended consequences on lending approaches. 718 00:34:02,880 --> 00:34:04,880 Speaker 3: Is the FMA generally up to running all of this? 719 00:34:05,040 --> 00:34:05,240 Speaker 21: Now? 720 00:34:06,560 --> 00:34:09,400 Speaker 20: Look, we support the twin peaks model that Minister Bailey 721 00:34:09,400 --> 00:34:12,840 Speaker 20: has introduced, which means basically you've got two key regulators 722 00:34:12,840 --> 00:34:16,239 Speaker 20: in the financial services sector, one being the Reserve Bank 723 00:34:16,280 --> 00:34:21,480 Speaker 20: on financial or crudential matters and the FMA on conduct matters. 724 00:34:21,480 --> 00:34:25,920 Speaker 20: And anything that simplifies and clarifies what that monitoring process 725 00:34:26,239 --> 00:34:27,239 Speaker 20: is is a good thing. 726 00:34:27,520 --> 00:34:29,520 Speaker 3: Have we got there? At last? If you go back 727 00:34:29,560 --> 00:34:32,760 Speaker 3: to David Clarkin's various massinations and ideas and thought bubbles, 728 00:34:32,880 --> 00:34:34,879 Speaker 3: and to where we are now is this it? 729 00:34:36,200 --> 00:34:38,240 Speaker 20: Well, look, there's a lot of detail that we haven't 730 00:34:38,239 --> 00:34:40,799 Speaker 20: seen yet, so we need to work that through. And 731 00:34:41,480 --> 00:34:45,239 Speaker 20: once again the devil is always in the detail. But 732 00:34:45,400 --> 00:34:48,440 Speaker 20: the Ministran announced this at a function last night, so 733 00:34:48,520 --> 00:34:50,480 Speaker 20: we need to get our heads around what the detail 734 00:34:50,600 --> 00:34:52,240 Speaker 20: is and then we'll be able to comment more fully 735 00:34:52,239 --> 00:34:52,920 Speaker 20: on that question. 736 00:34:53,040 --> 00:34:55,919 Speaker 3: Appreciate time. Roger bymot Out of the Banker's Association twelve 737 00:34:55,960 --> 00:34:58,960 Speaker 3: and it's past sevensky. Speaking of tourism. By the way, 738 00:34:58,960 --> 00:35:00,760 Speaker 3: as we were a moment ago, we have been named. 739 00:35:00,840 --> 00:35:03,360 Speaker 3: You'll be pleased to know the leading destination air New 740 00:35:03,480 --> 00:35:07,160 Speaker 3: Zealand is the top airline and the Oceania section of 741 00:35:07,200 --> 00:35:10,200 Speaker 3: the World Travel Awards, the WTA Awards. This is very 742 00:35:10,239 --> 00:35:13,120 Speaker 3: prestigious as far as awards go. We took it back 743 00:35:13,160 --> 00:35:15,319 Speaker 3: off Australia. We've held on to it for the four 744 00:35:15,360 --> 00:35:17,560 Speaker 3: years running until we lost it to Australia last year, 745 00:35:17,640 --> 00:35:20,920 Speaker 3: got it back this year. First held at nineteen ninety three, 746 00:35:21,800 --> 00:35:25,120 Speaker 3: New Zealand has confirmed its reputation as the land with 747 00:35:25,200 --> 00:35:29,040 Speaker 3: it all other nominees Fiji, Papua, New Guinea, Sama and Tonga. 748 00:35:29,480 --> 00:35:31,840 Speaker 3: So I don't know about the quality of the field. 749 00:35:33,000 --> 00:35:34,840 Speaker 3: Not insulting them, but I don't know about the quality 750 00:35:34,840 --> 00:35:36,800 Speaker 3: of the field. Leading airline in the region for the 751 00:35:36,840 --> 00:35:39,200 Speaker 3: sixteenth rod and rowed in New Zealand, top airline in 752 00:35:39,239 --> 00:35:43,799 Speaker 3: Oceania since twenty nineteen and indeed in Australasia. Well done 753 00:35:43,880 --> 00:35:45,360 Speaker 3: US thirteen past seven. 754 00:35:47,000 --> 00:35:51,440 Speaker 1: The like asking Breakfast Fall Show podcast on iHeartRadio powered 755 00:35:51,440 --> 00:35:52,400 Speaker 1: by News Talks B. 756 00:35:53,080 --> 00:35:54,960 Speaker 3: You know my fascination with the carbon market in this 757 00:35:55,040 --> 00:35:57,280 Speaker 3: country and the auctions that we've held in the complete 758 00:35:57,280 --> 00:36:01,200 Speaker 3: and utter cluster that we've had up until now, and 759 00:36:01,760 --> 00:36:04,200 Speaker 3: yesterday was another they changed that. The government came on 760 00:36:04,239 --> 00:36:06,480 Speaker 3: this program and they said we're going to change it 761 00:36:06,520 --> 00:36:08,600 Speaker 3: and we're sorting things out and you watch what happens. Well, 762 00:36:08,600 --> 00:36:11,239 Speaker 3: what happened yesterday was nothing. So anyway, we'll talk to 763 00:36:11,280 --> 00:36:13,160 Speaker 3: the minister about this after seven thirty men times back 764 00:36:13,200 --> 00:36:15,480 Speaker 3: to the tourism. So they're spreaking. The government seventeen percent 765 00:36:15,560 --> 00:36:18,960 Speaker 3: increase in expenditure two point six billion for the last quarter, 766 00:36:19,520 --> 00:36:21,480 Speaker 3: which annually makes it eleven point six billion, which is 767 00:36:21,520 --> 00:36:23,960 Speaker 3: all fantastic. Anyway, The Minister Matt Doosey's with us. Matt, 768 00:36:23,960 --> 00:36:27,680 Speaker 3: morning to you, mording Mike directly after. I mean, is 769 00:36:27,719 --> 00:36:29,719 Speaker 3: this a deliberate strategy with you guys? You annow to 770 00:36:29,719 --> 00:36:31,399 Speaker 3: a big increase in the levee and then the next 771 00:36:31,440 --> 00:36:33,040 Speaker 3: day you put out a press release saying, look, how 772 00:36:33,080 --> 00:36:34,160 Speaker 3: well we're doing. Is that a plan? 773 00:36:34,320 --> 00:36:34,520 Speaker 2: Is it? 774 00:36:35,520 --> 00:36:35,880 Speaker 19: No? 775 00:36:35,880 --> 00:36:38,879 Speaker 22: No, they weren't connected, but it is good news as 776 00:36:38,920 --> 00:36:42,040 Speaker 22: our tourism sector bounced back. But who I need to 777 00:36:42,080 --> 00:36:44,720 Speaker 22: listen to is actually the tourist operators on the ground. 778 00:36:44,800 --> 00:36:47,120 Speaker 22: As I get around the country, they're all telling me 779 00:36:47,280 --> 00:36:50,319 Speaker 22: they've got a high yielding product, They're delivering a better 780 00:36:50,400 --> 00:36:53,400 Speaker 22: quality experience, and I think that's to be celebrated. 781 00:36:53,480 --> 00:36:55,800 Speaker 3: Yep, no question about that. But seventeen percent up is 782 00:36:55,840 --> 00:36:57,800 Speaker 3: off a very low base though, and that's the reality 783 00:36:57,840 --> 00:36:58,880 Speaker 3: we've got to deal with, isn't it. 784 00:37:00,080 --> 00:37:02,000 Speaker 22: Well, when you look around the world, there is some 785 00:37:02,120 --> 00:37:05,479 Speaker 22: tough economic edwinds. We've bounced back to about eighty five 786 00:37:05,480 --> 00:37:09,280 Speaker 22: percent of value from pre COVID level, and like I say, 787 00:37:09,719 --> 00:37:12,440 Speaker 22: the mood is upbeat on the ground and we want 788 00:37:12,480 --> 00:37:14,840 Speaker 22: to support that. As a government. We want to grow tourism. 789 00:37:15,080 --> 00:37:19,000 Speaker 22: We really want to back its past tourism in set 790 00:37:19,120 --> 00:37:22,920 Speaker 22: with an ambitious goal to increase the value of international 791 00:37:23,000 --> 00:37:26,120 Speaker 22: tourism by five billion over the next four years. And 792 00:37:26,160 --> 00:37:27,000 Speaker 22: I think we're on track. 793 00:37:27,200 --> 00:37:29,960 Speaker 3: No, you're not, because here's the reality. Have you looked 794 00:37:29,960 --> 00:37:32,120 Speaker 3: to what's been happening in Europe matt over the summer 795 00:37:32,160 --> 00:37:34,880 Speaker 3: period in terms, none of them are at eighty five percent, 796 00:37:34,880 --> 00:37:36,919 Speaker 3: They're at one hundred and eighty five percent. They've got 797 00:37:36,920 --> 00:37:38,560 Speaker 3: so many tourists in that part of the world that 798 00:37:38,600 --> 00:37:40,760 Speaker 3: the locals are spraying them with water pistols and telling 799 00:37:40,760 --> 00:37:43,520 Speaker 3: them to go home. No one's doing that here. Something's 800 00:37:43,560 --> 00:37:45,960 Speaker 3: gone wrong with this country. Don't you agree with that? 801 00:37:46,719 --> 00:37:49,759 Speaker 22: Well, I think you've answered your own question, to be 802 00:37:49,840 --> 00:37:53,719 Speaker 22: quite frank, Mike. When you look at the surveys for 803 00:37:53,880 --> 00:37:58,000 Speaker 22: New Zealanders, ninety three percent report that they see the 804 00:37:58,160 --> 00:38:01,320 Speaker 22: value of tourism to New Zealand. We's got huge social 805 00:38:01,360 --> 00:38:04,319 Speaker 22: license for tourism. I want to maintain that. When you 806 00:38:04,320 --> 00:38:07,880 Speaker 22: look at the International Visit to survey, ninety four percent 807 00:38:08,320 --> 00:38:11,640 Speaker 22: of our visitors report that their trip has met or 808 00:38:11,719 --> 00:38:15,400 Speaker 22: exceeded expectation. So what we're seeing is New Zealand is 809 00:38:15,440 --> 00:38:19,120 Speaker 22: are happy with tourism. Our visitors are happy and the 810 00:38:19,280 --> 00:38:22,319 Speaker 22: value of tourism is growing year on year, and I 811 00:38:22,320 --> 00:38:23,319 Speaker 22: think we should support that. 812 00:38:23,560 --> 00:38:26,640 Speaker 3: Matt, you're missing the point completely. Asking a tourist who 813 00:38:26,680 --> 00:38:28,560 Speaker 3: came here whether they had a good time is fine, 814 00:38:28,640 --> 00:38:31,279 Speaker 3: and I'm glad they did. But you need four more 815 00:38:31,320 --> 00:38:34,160 Speaker 3: tourists that didn't come to get the numbers back to 816 00:38:34,160 --> 00:38:36,440 Speaker 3: where they were because we're not making the money we 817 00:38:36,480 --> 00:38:37,799 Speaker 3: once made and we need to. 818 00:38:39,040 --> 00:38:41,520 Speaker 22: Well, I just don't think we should have a direct 819 00:38:41,600 --> 00:38:46,160 Speaker 22: comparison of bums on seats pre COVID bums on seats today. 820 00:38:46,400 --> 00:38:49,359 Speaker 22: It's clearly about the value of tourism, the value it 821 00:38:49,400 --> 00:38:54,920 Speaker 22: brings New Zealand as an economy. Well, at the moment, 822 00:38:55,080 --> 00:38:58,120 Speaker 22: we've increased by half a billion dollars in the quarter 823 00:38:58,239 --> 00:39:00,080 Speaker 22: compared to the quarter last year. 824 00:39:00,160 --> 00:39:02,359 Speaker 3: Given the top of low base. Man is Look, I'm 825 00:39:02,360 --> 00:39:04,560 Speaker 3: not blaming you because you've only been there five minutes. 826 00:39:04,600 --> 00:39:06,600 Speaker 3: What I'm telling you, and what I know for a fact, 827 00:39:07,040 --> 00:39:10,759 Speaker 3: is capacities back the seats aren't full China. I get 828 00:39:11,000 --> 00:39:13,920 Speaker 3: that's an individual story. I understand that, but we are 829 00:39:13,960 --> 00:39:17,240 Speaker 3: not competing internationally with other countries that are back doing 830 00:39:17,280 --> 00:39:19,319 Speaker 3: as well, if not better than they used to. We're 831 00:39:19,360 --> 00:39:21,480 Speaker 3: simply not doing that. Well, why are we denying this? 832 00:39:22,400 --> 00:39:22,600 Speaker 10: Yeah? 833 00:39:22,680 --> 00:39:24,799 Speaker 22: I don't think it's about blame, Mike. I think we've 834 00:39:24,840 --> 00:39:27,680 Speaker 22: got the trend line going in the right direction. Our 835 00:39:27,680 --> 00:39:31,359 Speaker 22: tourist operators are upbeat. You look at Hawk's Bayo's at 836 00:39:31,360 --> 00:39:34,319 Speaker 22: recently the value of their international tour as that is 837 00:39:34,640 --> 00:39:38,040 Speaker 22: forty percent above pre COVID levels West Coast and the 838 00:39:38,080 --> 00:39:41,400 Speaker 22: South Island fifteen to twenty percent. So what we're seeing 839 00:39:41,719 --> 00:39:45,400 Speaker 22: is tourism with a higher yield, a better quality experience, 840 00:39:45,719 --> 00:39:47,040 Speaker 22: and that's what we want to support. 841 00:39:47,160 --> 00:39:49,040 Speaker 3: All right, Man, I go, well, appreciate it very much. 842 00:39:49,040 --> 00:39:51,480 Speaker 3: Matt Douci am I am I the outlier here? Am 843 00:39:51,520 --> 00:39:53,120 Speaker 3: I the only one who's bothered by this? And everyone 844 00:39:53,120 --> 00:39:55,440 Speaker 3: else thinks it's fantastic, sitting at eighty five percent of 845 00:39:55,440 --> 00:39:58,719 Speaker 3: what it once was in you know, Wahu or Matt 846 00:39:59,239 --> 00:40:02,399 Speaker 3: is Matt right? By the way, Mike, I totally agree 847 00:40:02,440 --> 00:40:04,760 Speaker 3: with the supermarket issue. It's the same as the airline 848 00:40:04,760 --> 00:40:06,719 Speaker 3: industry here in New Zealand. I was involved in the 849 00:40:06,719 --> 00:40:09,680 Speaker 3: logistics industry. I never got over the huge infrastructure involved 850 00:40:09,719 --> 00:40:12,800 Speaker 3: in keeping these supermarkets full of food. We're hugely hampered 851 00:40:12,800 --> 00:40:15,120 Speaker 3: by what you said. We're a small country, a five 852 00:40:15,120 --> 00:40:17,320 Speaker 3: million spread all over the place. If we were spread 853 00:40:17,360 --> 00:40:19,800 Speaker 3: over the size of Singapore or had the same population 854 00:40:19,880 --> 00:40:22,560 Speaker 3: as England or Japan, then the efficiencies would flow. Thank you, 855 00:40:22,560 --> 00:40:23,960 Speaker 3: Colin twenty past seven. 856 00:40:25,440 --> 00:40:30,160 Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio, how 857 00:40:30,160 --> 00:40:30,960 Speaker 1: ad By News. 858 00:40:30,800 --> 00:40:34,080 Speaker 3: Talks it be question how much value do you place 859 00:40:34,120 --> 00:40:35,680 Speaker 3: on the things that make your life better? What about 860 00:40:35,719 --> 00:40:38,239 Speaker 3: the value of your family? You know, what sort of 861 00:40:38,320 --> 00:40:41,000 Speaker 3: value does your family place on the well being, whether 862 00:40:41,040 --> 00:40:44,040 Speaker 3: that may be feeling safer or more secure, or feeling 863 00:40:44,120 --> 00:40:47,000 Speaker 3: hassle free from house maintenance. So if you're a residence 864 00:40:47,080 --> 00:40:49,520 Speaker 3: at one of our Veda's thirty five living well communities, 865 00:40:49,800 --> 00:40:51,680 Speaker 3: you'll have peace of mind knowing you surrounded by like 866 00:40:51,719 --> 00:40:54,520 Speaker 3: minded neighbors in a friendly and welcoming community. Lots of 867 00:40:54,600 --> 00:40:57,200 Speaker 3: resident led activities on offer, that's what they're famous for. 868 00:40:57,520 --> 00:40:59,600 Speaker 3: There's a variety of things to do each week. Also 869 00:40:59,640 --> 00:41:01,800 Speaker 3: plenty of opportunities to start a new club or a 870 00:41:01,840 --> 00:41:04,960 Speaker 3: group or a class. Valuing the things that matter most 871 00:41:05,320 --> 00:41:07,400 Speaker 3: that is priceless. So make the move to an r 872 00:41:07,440 --> 00:41:10,200 Speaker 3: VIDA living well community where you'll find value in your 873 00:41:10,200 --> 00:41:12,600 Speaker 3: well being and more you'll be feeling good about life. 874 00:41:12,640 --> 00:41:14,480 Speaker 3: So to find out more about the RVDA community, and 875 00:41:14,520 --> 00:41:16,640 Speaker 3: it's a beautiful community. It's a big community too. Have 876 00:41:16,719 --> 00:41:19,000 Speaker 3: a look at the book, a visit and not just one, 877 00:41:19,120 --> 00:41:21,280 Speaker 3: go for a couple because they know they vibe differently. 878 00:41:21,480 --> 00:41:26,600 Speaker 3: Are Veda r VDA, r VEDA dot co dot NZ 879 00:41:27,719 --> 00:41:33,520 Speaker 3: asking now seven twenty four. This week's compulsory reading is 880 00:41:33,560 --> 00:41:36,160 Speaker 3: the Standard and Poor's report came out yesterday s and 881 00:41:36,239 --> 00:41:40,080 Speaker 3: p into our economy some headline gems for you. Our 882 00:41:40,120 --> 00:41:44,480 Speaker 3: standard of living is going backwards. Our current account deficit 883 00:41:44,800 --> 00:41:47,879 Speaker 3: is one of the highest in the world. The level 884 00:41:47,920 --> 00:41:51,360 Speaker 3: of debt our councils carry is some of the highest 885 00:41:51,400 --> 00:41:54,920 Speaker 3: in the world. The weak economy we currently have poses 886 00:41:54,960 --> 00:41:57,880 Speaker 3: a risk. So is this the report? I mean, are 887 00:41:57,920 --> 00:42:00,120 Speaker 3: these the numbers that once and for all hammerho the 888 00:42:00,200 --> 00:42:02,680 Speaker 3: dangerous reality of that Labour government seventeen through twenty and 889 00:42:02,680 --> 00:42:05,200 Speaker 3: twenty three twenty three? Is this the report, the cold 890 00:42:05,239 --> 00:42:08,320 Speaker 3: hard reality and reckoning that alerts the various councils around 891 00:42:08,320 --> 00:42:10,360 Speaker 3: the country that their approach to money is not normal, 892 00:42:10,840 --> 00:42:13,640 Speaker 3: not good, not productive and could potentially sink us. On 893 00:42:13,760 --> 00:42:17,040 Speaker 3: average council's debt is at one hundred and eighty percent 894 00:42:17,360 --> 00:42:20,000 Speaker 3: of gross operating revenue. It is forecast arrived further to 895 00:42:20,080 --> 00:42:22,680 Speaker 3: a cap of three hundred and fifty Places like Tarong, 896 00:42:22,719 --> 00:42:25,759 Speaker 3: Hamilton and Queenstown s and p report are at over 897 00:42:25,840 --> 00:42:28,759 Speaker 3: two hundred percent right here, right now, rising to three 898 00:42:28,840 --> 00:42:32,760 Speaker 3: hundred percent. That is the highest, I repeat, the highest 899 00:42:33,120 --> 00:42:37,399 Speaker 3: anywhere in the world at a national level. The current 900 00:42:37,400 --> 00:42:39,719 Speaker 3: account deficit small clue. You don't want to actually even 901 00:42:39,719 --> 00:42:41,600 Speaker 3: be running an epicite at all. You want a surplus. 902 00:42:41,680 --> 00:42:43,200 Speaker 3: In other words, you want to sell more stuff to 903 00:42:43,239 --> 00:42:45,320 Speaker 3: the world than you buy from it. Anyway, ours is 904 00:42:45,360 --> 00:42:47,960 Speaker 3: six point eight percent of GDP. That is, you guessed 905 00:42:47,960 --> 00:42:52,440 Speaker 3: it one of the highest in the world. Irony that 906 00:42:52,520 --> 00:42:55,239 Speaker 3: six point eight percent, by the way, is lower than 907 00:42:55,320 --> 00:42:58,000 Speaker 3: it was. There are those who will still defend this 908 00:42:58,080 --> 00:43:00,400 Speaker 3: level of ineptness and destruction. They will argue all this 909 00:43:00,600 --> 00:43:02,920 Speaker 3: stuff they need to fix. And indeed there is but 910 00:43:03,000 --> 00:43:06,400 Speaker 3: the Fife demera of councils up and down this country 911 00:43:06,760 --> 00:43:08,839 Speaker 3: as they moved away from rubbish and booms and into 912 00:43:08,920 --> 00:43:12,400 Speaker 3: road cone, cycle ways, social housing and garification was paid 913 00:43:12,440 --> 00:43:15,960 Speaker 3: for by debt, and debt costs money and every year 914 00:43:16,000 --> 00:43:18,320 Speaker 3: as the interest bill rises. It means we do less 915 00:43:18,400 --> 00:43:21,080 Speaker 3: than we want, and every year we buy more or 916 00:43:21,400 --> 00:43:23,279 Speaker 3: buy more from the world than we sell to them. 917 00:43:23,360 --> 00:43:25,960 Speaker 3: We're going backwards. The end of that particular road, by 918 00:43:25,960 --> 00:43:29,399 Speaker 3: the way, is called impobishment. It's third world status. It's 919 00:43:29,440 --> 00:43:31,880 Speaker 3: the inability to make your own decisions and chart your 920 00:43:31,880 --> 00:43:33,560 Speaker 3: own course because someone else is going to do it 921 00:43:33,600 --> 00:43:35,800 Speaker 3: for you. This, of course, has been building for years, 922 00:43:35,880 --> 00:43:37,680 Speaker 3: and not enough of us have heard the alarm bells 923 00:43:37,760 --> 00:43:40,520 Speaker 3: or indeed cared. The ignorance and lack of interest might 924 00:43:40,640 --> 00:43:44,640 Speaker 3: well in the end sink us pasking shooting, as we've 925 00:43:44,640 --> 00:43:46,600 Speaker 3: been reporting in Georgia this morning. It could be the 926 00:43:47,320 --> 00:43:49,920 Speaker 3: alleged killer could be as young as fourteen, or the 927 00:43:49,920 --> 00:43:52,840 Speaker 3: alleged shooter could be as young as fourteen. Harris is 928 00:43:52,840 --> 00:43:55,719 Speaker 3: on the campaign trail in New Hampshire and she's reacted. 929 00:43:55,880 --> 00:43:58,560 Speaker 13: We had, well, I grew up in California earthquake drills, 930 00:43:58,920 --> 00:44:03,400 Speaker 13: we had fire drill. But our kids are sitting in 931 00:44:03,440 --> 00:44:08,319 Speaker 13: a classroom where they should be fulfilling their God given potential, 932 00:44:09,280 --> 00:44:13,440 Speaker 13: and some part of their big, beautiful brain is concerned 933 00:44:13,480 --> 00:44:17,280 Speaker 13: about a shooter or busting through the door of the classroom. 934 00:44:17,600 --> 00:44:18,880 Speaker 2: It does not have. 935 00:44:18,800 --> 00:44:19,680 Speaker 13: To be this way. 936 00:44:22,360 --> 00:44:26,040 Speaker 3: It does not have to do this way cosking ay 937 00:44:26,200 --> 00:44:28,640 Speaker 3: that is she sounds exactly like Obama did a decade ago. 938 00:44:28,760 --> 00:44:28,880 Speaker 21: Eh. 939 00:44:29,320 --> 00:44:32,880 Speaker 3: Any thoughts on this wrought mic watercres secret twenty million 940 00:44:32,920 --> 00:44:34,759 Speaker 3: dollar deal. Let me come to that, yes, of course 941 00:44:34,760 --> 00:44:37,600 Speaker 3: I do. Let me come to that after seven thirty 942 00:44:37,640 --> 00:44:39,680 Speaker 3: four year. Before that, we'll need to get to the 943 00:44:39,719 --> 00:44:43,120 Speaker 3: climate market, the carbon market, the carbon auction market. So 944 00:44:43,320 --> 00:44:45,319 Speaker 3: just to bring you up to speed, if you don't 945 00:44:45,320 --> 00:44:48,560 Speaker 3: follow this four auctions every year, the idea is you, 946 00:44:48,640 --> 00:44:50,319 Speaker 3: as a polluter, go to the market and you go, 947 00:44:50,360 --> 00:44:52,200 Speaker 3: I'm going to buy me some credits. By buying you 948 00:44:52,280 --> 00:44:54,560 Speaker 3: some credits, what you can do is you can offset 949 00:44:54,600 --> 00:44:57,200 Speaker 3: your pollution. So the idea was that they raise all 950 00:44:57,239 --> 00:44:59,040 Speaker 3: that money and they throw it into the ets and 951 00:44:59,080 --> 00:45:02,000 Speaker 3: the government can raise up to two billion dollars a year, unless, 952 00:45:02,000 --> 00:45:04,640 Speaker 3: of course, no one shows up, because why would you 953 00:45:04,640 --> 00:45:06,240 Speaker 3: want to buy a credit when you have no idea 954 00:45:06,320 --> 00:45:08,920 Speaker 3: what the government are doing when it comes to climate 955 00:45:08,920 --> 00:45:11,520 Speaker 3: and carbon generally, and they keep changing the rules all 956 00:45:11,560 --> 00:45:13,600 Speaker 3: the time. And so what has been happening over the 957 00:45:13,640 --> 00:45:15,919 Speaker 3: last couple of years is auction after auction after auction, 958 00:45:16,040 --> 00:45:17,919 Speaker 3: no one does turn up, and yesterday was the same. 959 00:45:17,960 --> 00:45:19,680 Speaker 3: No one turned up with the third option of the year. 960 00:45:20,080 --> 00:45:22,480 Speaker 3: No one at the auction means no money for the government, 961 00:45:22,600 --> 00:45:24,880 Speaker 3: and you already know what the story with money is. 962 00:45:25,000 --> 00:45:25,960 Speaker 3: We don't have any. 963 00:45:26,920 --> 00:45:31,000 Speaker 1: The newsmakers and the personalities, the big names talk to 964 00:45:31,360 --> 00:45:35,440 Speaker 1: like my Costing breakfast with Bailey's real Estate, your local 965 00:45:35,480 --> 00:45:39,360 Speaker 1: experts across residential, commercial, and rural news talks had been. 966 00:45:39,280 --> 00:45:41,480 Speaker 3: You're regularly you might remember. I started talking about the 967 00:45:41,480 --> 00:45:43,759 Speaker 3: possibility of some green shoots and light at the end 968 00:45:43,800 --> 00:45:45,439 Speaker 3: of the tunnel and a bit of a vibe around 969 00:45:45,440 --> 00:45:47,759 Speaker 3: the economy in this country once Adrian Or did what 970 00:45:47,800 --> 00:45:50,600 Speaker 3: Adrian Or did the other day. And I'm picking by December, 971 00:45:50,640 --> 00:45:52,560 Speaker 3: by the time we walk into Christmas, we're going to 972 00:45:52,600 --> 00:45:55,120 Speaker 3: be feeling pretty good about ourselves. And I was just 973 00:45:55,120 --> 00:45:58,040 Speaker 3: trying to work out what the relationship is between the 974 00:45:58,080 --> 00:46:01,200 Speaker 3: Reserve Bank and a singular move, or the inference from 975 00:46:01,200 --> 00:46:03,360 Speaker 3: a reserve bank of a singular move with more to come, 976 00:46:03,920 --> 00:46:07,240 Speaker 3: and our psyche. And so we got some insight yesterday 977 00:46:07,280 --> 00:46:10,799 Speaker 3: on the retail spending they are calling green shoots as well. No, 978 00:46:10,920 --> 00:46:12,840 Speaker 3: it didn't go up retail spending in August, but it 979 00:46:12,880 --> 00:46:14,759 Speaker 3: wasn't as bad as July, so that's about where we're 980 00:46:14,760 --> 00:46:16,840 Speaker 3: at at the moment. Two point eight nine billion was 981 00:46:16,880 --> 00:46:19,040 Speaker 3: spent in August, which is down zero point five percent, 982 00:46:19,080 --> 00:46:21,480 Speaker 3: but it was down two point six in July. So yes, 983 00:46:21,520 --> 00:46:23,239 Speaker 3: a drop, but not as bad a drop, so we 984 00:46:23,320 --> 00:46:25,760 Speaker 3: might be heading might be heading in the right direction. 985 00:46:26,600 --> 00:46:28,279 Speaker 3: One of the people I was reading about the interest 986 00:46:28,360 --> 00:46:31,319 Speaker 3: rate change is from the Reserve Bank a quote very 987 00:46:31,680 --> 00:46:37,279 Speaker 3: very strong psychological impact across all sectors, all sectors, more 988 00:46:37,320 --> 00:46:40,120 Speaker 3: people expressing interest in renting retail premises. That's at a 989 00:46:40,120 --> 00:46:44,120 Speaker 3: commercial level, so that's good in general terms. We have 990 00:46:44,280 --> 00:46:48,040 Speaker 3: seen a shift in psyche across the country, so we 991 00:46:48,080 --> 00:46:52,640 Speaker 3: will take that twenty two to eight name Lisa Carrington 992 00:46:52,960 --> 00:46:55,120 Speaker 3: is in the studio after eight for a catch up, 993 00:46:55,160 --> 00:46:57,279 Speaker 3: so we'll look forward to that. Meantime. We find out 994 00:46:57,320 --> 00:46:59,359 Speaker 3: yesterday it turns out this government's no better at running 995 00:46:59,360 --> 00:47:02,080 Speaker 3: carbon auction than the last one. Yesterday's action got exactly 996 00:47:02,120 --> 00:47:04,680 Speaker 3: nobody is so millions will credits get dumped into the 997 00:47:04,680 --> 00:47:07,160 Speaker 3: final December auction and the government yet again misses out 998 00:47:07,200 --> 00:47:10,440 Speaker 3: on millions of dollars. Climate Change Minister Simon WATS is 999 00:47:10,440 --> 00:47:11,560 Speaker 3: with a Simon morning to. 1000 00:47:11,560 --> 00:47:14,279 Speaker 23: You, Morning Mike, thanks for having men not at all. 1001 00:47:14,280 --> 00:47:16,239 Speaker 3: Do you remember being on this very fine program on 1002 00:47:16,320 --> 00:47:16,920 Speaker 3: June twenty. 1003 00:47:17,880 --> 00:47:20,520 Speaker 23: I do, Mike, and you know the reality is the 1004 00:47:20,600 --> 00:47:22,840 Speaker 23: changes that we put in place are coming into effect 1005 00:47:23,000 --> 00:47:26,040 Speaker 23: next year. The fact the auction not clearing is not 1006 00:47:26,120 --> 00:47:28,720 Speaker 23: a sign that the auction is not operating effectively. Actually 1007 00:47:28,719 --> 00:47:31,640 Speaker 23: it is the effectiveness of the ATS scheme is not 1008 00:47:31,719 --> 00:47:35,200 Speaker 23: deemed by those auction outcomes. But our in my job 1009 00:47:35,280 --> 00:47:37,880 Speaker 23: is to make sure there's credibility in that market and 1010 00:47:37,920 --> 00:47:40,239 Speaker 23: we're seen affirming up of the prices, which is the 1011 00:47:40,280 --> 00:47:41,239 Speaker 23: direction we need to see it. 1012 00:47:41,320 --> 00:47:43,920 Speaker 3: Heading As regards credibility, I've got a good question for 1013 00:47:43,960 --> 00:47:45,560 Speaker 3: you in just a moment, But let me remind you 1014 00:47:45,600 --> 00:47:46,880 Speaker 3: of what you said on June twenty. 1015 00:47:47,400 --> 00:47:49,040 Speaker 24: What I am focused on is making sure we've got 1016 00:47:49,040 --> 00:47:51,440 Speaker 24: a credible market. Hence why we stopped the review that 1017 00:47:51,480 --> 00:47:54,359 Speaker 24: the current the last government had in play. While we've 1018 00:47:54,360 --> 00:47:57,240 Speaker 24: been putting through what we think is from pretty sensible changes. 1019 00:47:57,600 --> 00:47:59,839 Speaker 24: But the big key aspect is the release of our 1020 00:48:00,040 --> 00:48:01,360 Speaker 24: emissions reduction plan. 1021 00:48:01,960 --> 00:48:04,719 Speaker 3: So when we talk about credibility, what's credible about an auction? 1022 00:48:04,760 --> 00:48:06,640 Speaker 3: We know and turns up well. 1023 00:48:06,680 --> 00:48:09,600 Speaker 23: The credibility the areas is that the auction price for 1024 00:48:09,640 --> 00:48:13,920 Speaker 23: the enzu was pretty much reasonably low and was floundering 1025 00:48:13,960 --> 00:48:16,960 Speaker 23: for a period. We took out a number of the units. 1026 00:48:17,000 --> 00:48:20,720 Speaker 23: It's a supply and demand marketplace. We've taken out supply 1027 00:48:20,840 --> 00:48:25,239 Speaker 23: from that market and that''ve seen the overarching price firm up. 1028 00:48:25,520 --> 00:48:27,880 Speaker 23: But you know, the end of the day, there is 1029 00:48:27,920 --> 00:48:30,959 Speaker 23: another secondary market where people can buy units and that's 1030 00:48:31,040 --> 00:48:34,280 Speaker 23: trading effectively, So there's pretty liquidity there at the moment. 1031 00:48:34,400 --> 00:48:36,400 Speaker 23: But next year, when those units get taken out of 1032 00:48:36,400 --> 00:48:39,680 Speaker 23: the market, then you know, we'll see what happens in 1033 00:48:39,719 --> 00:48:41,040 Speaker 23: terms of the overarching. 1034 00:48:40,560 --> 00:48:43,759 Speaker 3: Auction What if nothing happens, Well, look, if. 1035 00:48:43,680 --> 00:48:47,080 Speaker 23: Nothing happens in the markets operating effectively, people can get 1036 00:48:47,239 --> 00:48:50,360 Speaker 23: units through the secondary market. People are doing that. That 1037 00:48:50,480 --> 00:48:53,040 Speaker 23: market's trading with some good liquidity at the moment, which 1038 00:48:53,120 --> 00:48:56,000 Speaker 23: is positive, and you know, we'll see where that price 1039 00:48:56,040 --> 00:48:57,719 Speaker 23: point goes. It has increased. 1040 00:48:58,239 --> 00:49:00,880 Speaker 3: If people only want to trade through the secondary market, 1041 00:49:00,920 --> 00:49:02,240 Speaker 3: what's the point of your market. 1042 00:49:03,080 --> 00:49:06,239 Speaker 23: Well, our market brings more supply into the market if 1043 00:49:06,280 --> 00:49:09,399 Speaker 23: it's required and at the moment, but it's not well 1044 00:49:09,440 --> 00:49:11,880 Speaker 23: at the moment, there's enough supply out there for the 1045 00:49:11,880 --> 00:49:16,120 Speaker 23: people that want those units, and you know that's that's 1046 00:49:16,160 --> 00:49:16,760 Speaker 23: what's happening. 1047 00:49:17,280 --> 00:49:18,960 Speaker 3: You see, you sound like a guy who's sort of 1048 00:49:19,120 --> 00:49:21,240 Speaker 3: I mean, I agree, I mean what the previous government 1049 00:49:21,280 --> 00:49:24,759 Speaker 3: did was ridiculous, but it's very core here. What you've 1050 00:49:24,800 --> 00:49:27,920 Speaker 3: done is not you specifically, but generally. We've invented something 1051 00:49:27,960 --> 00:49:30,759 Speaker 3: that doesn't exist, ieu carbon market, and we're trying to 1052 00:49:30,800 --> 00:49:33,719 Speaker 3: convince people to give you money on something they may 1053 00:49:33,840 --> 00:49:36,440 Speaker 3: or may not want to buy into. And as far 1054 00:49:36,480 --> 00:49:38,080 Speaker 3: as your versions concerned, they don't. 1055 00:49:39,080 --> 00:49:42,040 Speaker 23: Well, the purpose of the market is to reduce emissions. 1056 00:49:42,200 --> 00:49:45,680 Speaker 23: It's not to create revenue for the government. That is 1057 00:49:45,719 --> 00:49:48,600 Speaker 23: a byproduct of the market. So the objective for me 1058 00:49:48,640 --> 00:49:51,640 Speaker 23: as minister is ensure that that marketplace is operating in 1059 00:49:51,640 --> 00:49:55,440 Speaker 23: a credible manner. The more less be clear. When government 1060 00:49:55,480 --> 00:50:00,320 Speaker 23: starts dabbling with markets, bad things happen, which get the 1061 00:50:00,360 --> 00:50:01,680 Speaker 23: hands off the steering wheel. 1062 00:50:02,440 --> 00:50:04,879 Speaker 3: Silent you're part of. You didn't invent it, but you're 1063 00:50:04,920 --> 00:50:08,200 Speaker 3: now running something that people don't want and you're interfering 1064 00:50:08,320 --> 00:50:11,520 Speaker 3: with the market, which you've just admitted is not good. 1065 00:50:12,440 --> 00:50:15,359 Speaker 23: No, it's definitely not that people don't want it. It's 1066 00:50:15,400 --> 00:50:18,480 Speaker 23: an active secondary market out there at the moment. But 1067 00:50:18,560 --> 00:50:20,480 Speaker 23: what we've done is we dealt with the issue that 1068 00:50:20,520 --> 00:50:23,920 Speaker 23: the market have identified, which is oversupply, and we've taken 1069 00:50:23,920 --> 00:50:26,759 Speaker 23: that oversupply out of the market from next year and 1070 00:50:26,800 --> 00:50:30,080 Speaker 23: we believe that that will provide stability in that market 1071 00:50:30,120 --> 00:50:30,920 Speaker 23: for people to trade. 1072 00:50:31,080 --> 00:50:33,319 Speaker 3: Okay, part of the problem, and the argument wasn't the 1073 00:50:33,320 --> 00:50:35,680 Speaker 3: previous government is worth the government keep coming into the 1074 00:50:35,719 --> 00:50:38,160 Speaker 3: market and interfering and changing the rules. What that does 1075 00:50:38,280 --> 00:50:40,440 Speaker 3: is provide uncertainty. And the worst thing you want is 1076 00:50:40,440 --> 00:50:43,360 Speaker 3: a person who might purchase a carbon credit is uncertainty. 1077 00:50:43,400 --> 00:50:45,640 Speaker 3: And you've just provided more uncertainty. And look how many 1078 00:50:45,640 --> 00:50:48,480 Speaker 3: people turned up And the answer is no one, No. 1079 00:50:48,520 --> 00:50:49,000 Speaker 10: We haven't. 1080 00:50:49,040 --> 00:50:51,440 Speaker 23: I've been really clear, and that the uncertainty came from 1081 00:50:51,440 --> 00:50:53,960 Speaker 23: the last government saying we're not sure if forestry is 1082 00:50:53,960 --> 00:50:56,080 Speaker 23: going to be in or out of the ets. I mean, 1083 00:50:56,120 --> 00:51:00,480 Speaker 23: forestry is a thirty forty year investment horizon. That utility 1084 00:51:00,600 --> 00:51:03,360 Speaker 23: just sent shockwaves through the system. We've been really clear 1085 00:51:03,640 --> 00:51:05,799 Speaker 23: forestryes are removal as part of the model that we 1086 00:51:05,880 --> 00:51:08,160 Speaker 23: do to reduce emissions, and that's part and partial of 1087 00:51:08,200 --> 00:51:11,080 Speaker 23: that marketplace. And we've been very clear, and I've had 1088 00:51:11,160 --> 00:51:14,520 Speaker 23: some very positive feedback back from the sector. We appreciate 1089 00:51:14,719 --> 00:51:17,680 Speaker 23: the certainty that you're putting into that market and the 1090 00:51:17,680 --> 00:51:19,279 Speaker 23: markets operating as it should do it them. 1091 00:51:19,400 --> 00:51:19,520 Speaker 2: Ok. 1092 00:51:20,000 --> 00:51:22,919 Speaker 3: So can you say and directly connect the two. Can 1093 00:51:22,960 --> 00:51:26,040 Speaker 3: you say, our emissions as a country are dropping, and 1094 00:51:26,080 --> 00:51:28,400 Speaker 3: if they are dropping, it as a direct result of 1095 00:51:28,440 --> 00:51:31,279 Speaker 3: a market working nicely in the carbon credit sector. 1096 00:51:32,400 --> 00:51:35,640 Speaker 23: The ETS is definitely playing a role in regards to reduce. 1097 00:51:36,680 --> 00:51:38,719 Speaker 3: The ETS is the big picture. The carbon market is 1098 00:51:38,760 --> 00:51:41,680 Speaker 3: part of the ETS. So is the carbon market providing 1099 00:51:41,719 --> 00:51:45,320 Speaker 3: to a direct reduction in our emissions? As is the plan. 1100 00:51:46,520 --> 00:51:50,880 Speaker 23: It is, there's the objective of that overarching marketplace is 1101 00:51:50,920 --> 00:51:55,160 Speaker 23: providing the tension required between those that produce emissions and 1102 00:51:55,239 --> 00:51:57,080 Speaker 23: those that you know, we need to be able to 1103 00:51:57,120 --> 00:52:00,480 Speaker 23: reduce it. And that price point is allowing that that 1104 00:52:00,760 --> 00:52:04,040 Speaker 23: trajectory of missions reductions to come down, which is where 1105 00:52:04,080 --> 00:52:06,160 Speaker 23: we need to get to. But we're aiming for twenty fifty. 1106 00:52:06,480 --> 00:52:11,000 Speaker 23: This is a long period of trajectory and you know, 1107 00:52:11,080 --> 00:52:14,799 Speaker 23: we've just got to be stable and calm and just 1108 00:52:14,880 --> 00:52:17,120 Speaker 23: let it, let the market do what the market needs 1109 00:52:17,160 --> 00:52:20,480 Speaker 23: to do, and not continually try and you know send 1110 00:52:20,520 --> 00:52:23,480 Speaker 23: signals to the market that causes volatility for sectors like 1111 00:52:23,880 --> 00:52:26,160 Speaker 23: the big players that you know it is not helpful. 1112 00:52:26,280 --> 00:52:28,240 Speaker 3: Oh come, I'm good to talk to you. Appreciate it. Simon, 1113 00:52:28,239 --> 00:52:31,680 Speaker 3: what's the climate change minister speaking? Which sixteen minutes away 1114 00:52:31,719 --> 00:52:35,880 Speaker 3: fromote paskings quickly? I think I called it. Volvo have 1115 00:52:35,920 --> 00:52:40,280 Speaker 3: announced overnight globally that their plans to sell only electric 1116 00:52:40,360 --> 00:52:44,799 Speaker 3: vehicles by twenty thirty is now off. No kidding. They've 1117 00:52:44,800 --> 00:52:47,600 Speaker 3: abandoned the near term goal of selling only electric vehicles. 1118 00:52:47,760 --> 00:52:50,880 Speaker 3: They need to be quote unquote pragmatic and flexible. That 1119 00:52:50,880 --> 00:52:52,799 Speaker 3: would involve putting an engine in the front of the 1120 00:52:52,840 --> 00:52:55,799 Speaker 3: car the way they always have and they I mean 1121 00:52:55,800 --> 00:52:56,399 Speaker 3: it works it out. 1122 00:52:56,600 --> 00:53:01,279 Speaker 1: Sixteen to two the Mic Hosking Breakfast Full Show podcast 1123 00:53:01,440 --> 00:53:03,920 Speaker 1: on iHeartRadio powered by News Talks. 1124 00:53:03,920 --> 00:53:06,000 Speaker 3: It'd be morning, Mike. What I think we can take 1125 00:53:06,000 --> 00:53:08,400 Speaker 3: from Simon's interview, and especially the last paragrapher, is that 1126 00:53:08,480 --> 00:53:10,359 Speaker 3: he knows full of while he's flogging a load of crap, 1127 00:53:10,400 --> 00:53:12,000 Speaker 3: and they need to be seen to be doing something. 1128 00:53:12,080 --> 00:53:14,120 Speaker 3: He also hopes that twenty fifty will have bigger things 1129 00:53:14,120 --> 00:53:16,120 Speaker 3: to worry about. By then, there will be very few countries. 1130 00:53:16,440 --> 00:53:18,799 Speaker 3: Not this is mill not that it's a big one, 1131 00:53:18,840 --> 00:53:20,960 Speaker 3: but there'll be very few countries that ever get to 1132 00:53:20,960 --> 00:53:24,040 Speaker 3: be zero unless there's some sort of maps massive scientific 1133 00:53:24,040 --> 00:53:26,759 Speaker 3: breakthrough between now and then. Most countries won't make the 1134 00:53:27,440 --> 00:53:30,000 Speaker 3: zero by twenty fifty. And I think increasingly as each 1135 00:53:30,080 --> 00:53:33,120 Speaker 3: year passes, we all understand it. Don't mean we like it, 1136 00:53:33,239 --> 00:53:36,320 Speaker 3: but we understand it. Right to Watercres, is this a scandal? 1137 00:53:36,440 --> 00:53:39,640 Speaker 3: Very good work yet again by Kate McNamara, who's I 1138 00:53:39,640 --> 00:53:41,040 Speaker 3: don't know what they pay her at the Herald, but 1139 00:53:41,080 --> 00:53:43,040 Speaker 3: she owns every cent and then she probably deserves a 1140 00:53:43,040 --> 00:53:46,520 Speaker 3: pay rise. But anyway, Watercres twenty million dollar deal with 1141 00:53:46,600 --> 00:53:51,520 Speaker 3: EWE Murky benefits to ratepayers. So water Care this goes 1142 00:53:51,560 --> 00:53:54,480 Speaker 3: back to when water Care. This is the Auckland water people. 1143 00:53:54,760 --> 00:53:56,440 Speaker 3: They had to go down to the Whykatta rivers, so 1144 00:53:56,600 --> 00:53:58,360 Speaker 3: can we pull more water out because we haven't got it, 1145 00:53:58,440 --> 00:54:01,040 Speaker 3: because we haven't built up dams because we useless so 1146 00:54:01,080 --> 00:54:03,440 Speaker 3: it didn't rain, didn't have enough dams. Go down to 1147 00:54:03,760 --> 00:54:05,480 Speaker 3: deal with the people at the Wycata River pull more 1148 00:54:05,520 --> 00:54:07,440 Speaker 3: water out of the Waycata River. So we all remember 1149 00:54:07,440 --> 00:54:09,440 Speaker 3: that because we're all angsty about it at the time 1150 00:54:10,640 --> 00:54:15,200 Speaker 3: water Care agreed. It's revealed now to an additional payment 1151 00:54:15,360 --> 00:54:19,040 Speaker 3: of twenty million dollars related to its water take without 1152 00:54:19,120 --> 00:54:23,239 Speaker 3: the knowledge of the ratepayer negotiator with EWE December last 1153 00:54:23,320 --> 00:54:28,360 Speaker 3: year agreement relating to relationship matters. It's the category it 1154 00:54:28,400 --> 00:54:31,040 Speaker 3: falls under a million bucks a year for twenty years 1155 00:54:32,320 --> 00:54:37,360 Speaker 3: to fund water related research and environmental projects. The agreement 1156 00:54:37,440 --> 00:54:40,000 Speaker 3: was not disclosed to the public. The payments it provides 1157 00:54:40,040 --> 00:54:44,200 Speaker 3: for are in addition to considerable environmental payments already agreed 1158 00:54:44,200 --> 00:54:46,080 Speaker 3: to by water Care in twenty twenty two as a 1159 00:54:46,080 --> 00:54:48,360 Speaker 3: condition of the ascent the consent. So they did all 1160 00:54:48,400 --> 00:54:49,839 Speaker 3: of that. So if you're looking at that, going oh yeah, 1161 00:54:49,880 --> 00:54:53,000 Speaker 3: but fair enough, it's environmental, but they already cut the 1162 00:54:53,080 --> 00:54:56,040 Speaker 3: environmental part in the part that we knew about way 1163 00:54:56,160 --> 00:55:01,600 Speaker 3: Kato Tai Nui liaison is also a condition, including the 1164 00:55:01,600 --> 00:55:06,279 Speaker 3: provision for a Tongueta Fen liaison group that provides for 1165 00:55:06,360 --> 00:55:11,440 Speaker 3: the reasonable costs of two katiarchy advisors guardians to monitor 1166 00:55:11,520 --> 00:55:15,959 Speaker 3: the water Care water take. So that's twenty million dollars. 1167 00:55:16,000 --> 00:55:19,680 Speaker 3: So is the scam the fact that they got another 1168 00:55:19,719 --> 00:55:21,960 Speaker 3: twenty million, and if they got another twenty million out 1169 00:55:22,000 --> 00:55:23,520 Speaker 3: of them. Do you not go? Actually, good on you, 1170 00:55:23,560 --> 00:55:25,040 Speaker 3: because if you came to me and you wanted my 1171 00:55:25,080 --> 00:55:26,640 Speaker 3: water and I knew you were stuffed, I'd ask you 1172 00:55:26,640 --> 00:55:30,120 Speaker 3: for twenty million as well. Or is the scam that 1173 00:55:30,160 --> 00:55:32,920 Speaker 3: they paid the twenty million and they didn't tell anybody 1174 00:55:33,000 --> 00:55:34,800 Speaker 3: about it, and of course you know full well who's 1175 00:55:34,800 --> 00:55:38,560 Speaker 3: twenty million. It is good to know that business is 1176 00:55:38,600 --> 00:55:40,680 Speaker 3: above board in this country, isn't it. Ten minutes away 1177 00:55:40,680 --> 00:55:42,680 Speaker 3: from eight, the mic. 1178 00:55:42,560 --> 00:55:46,239 Speaker 1: Hosting breakfast with the Jaguar f Base News Talk said 1179 00:55:46,280 --> 00:55:47,000 Speaker 1: b s living. 1180 00:55:46,760 --> 00:55:48,319 Speaker 3: Away from it could be like the good old days. 1181 00:55:48,320 --> 00:55:51,000 Speaker 3: The CEO of South African Rugby's let's slip plans involving 1182 00:55:51,000 --> 00:55:52,799 Speaker 3: in All Blacks tour in twenty twenty six, so you'd 1183 00:55:52,800 --> 00:55:55,640 Speaker 3: have three tests, eight match tour in twenty thirty. The 1184 00:55:55,640 --> 00:55:57,799 Speaker 3: box may even come here, so it's exciting. Former All 1185 00:55:57,840 --> 00:56:01,440 Speaker 3: Black Josh Cromfeld's with us on this Josh Bonney Morning. 1186 00:56:01,640 --> 00:56:04,279 Speaker 17: You like it, Yeah, I think so. 1187 00:56:04,520 --> 00:56:09,080 Speaker 21: I think. You know it's it offers a change up 1188 00:56:09,120 --> 00:56:14,240 Speaker 21: again on the current system and you know there's something 1189 00:56:14,320 --> 00:56:19,360 Speaker 21: from from the heritage of of of the relationship between 1190 00:56:19,960 --> 00:56:23,120 Speaker 21: South Africa and New Zealand and be kind of nice 1191 00:56:23,160 --> 00:56:26,520 Speaker 21: to have, you know, a tour system that's a little 1192 00:56:26,520 --> 00:56:29,000 Speaker 21: bit you know, maybe like the Lions traveling, and just 1193 00:56:29,080 --> 00:56:34,240 Speaker 21: that that that that that sort of four year cycle. 1194 00:56:35,680 --> 00:56:38,439 Speaker 3: The world South Africa, because you wouldn't want a three 1195 00:56:38,480 --> 00:56:40,799 Speaker 3: test eight match to a Fiji or Australia at the moment, 1196 00:56:40,840 --> 00:56:42,080 Speaker 3: would you. 1197 00:56:42,120 --> 00:56:46,640 Speaker 21: No, Well no, but it is because it is South Africa, 1198 00:56:46,840 --> 00:56:50,440 Speaker 21: you know, like it's They're a fantastic rugby nation. They 1199 00:56:50,480 --> 00:56:53,120 Speaker 21: live and breather, They're a lot like us in that respect. 1200 00:56:54,800 --> 00:56:58,239 Speaker 21: And then the internal games because I mean, I don't 1201 00:56:58,280 --> 00:57:01,440 Speaker 21: know the logistics yet, but you to assume if if 1202 00:57:01,480 --> 00:57:05,799 Speaker 21: there's a three or four tests over there, there'll be 1203 00:57:05,880 --> 00:57:08,640 Speaker 21: midweek games and it means that you get to play 1204 00:57:09,840 --> 00:57:13,040 Speaker 21: either maybe some of the franchise teams that are playing 1205 00:57:13,080 --> 00:57:19,120 Speaker 21: over in uk or or the traditional provincial teams that 1206 00:57:19,560 --> 00:57:23,200 Speaker 21: you know what it used to be. And so that 1207 00:57:23,400 --> 00:57:27,880 Speaker 21: just that that offers a fantastic sort of opportunity for 1208 00:57:28,160 --> 00:57:32,080 Speaker 21: our young players who kind on their fringe All Black 1209 00:57:32,240 --> 00:57:35,680 Speaker 21: and an opportunity to push through into the next fold 1210 00:57:35,840 --> 00:57:42,320 Speaker 21: and creates competition within the the All Blacks you know program. 1211 00:57:42,680 --> 00:57:46,400 Speaker 21: It's just it's just it's just nice and then likewise 1212 00:57:46,440 --> 00:57:49,720 Speaker 21: coming back here, you know, wonderful to have the opportunity 1213 00:57:49,760 --> 00:57:55,800 Speaker 21: to sneaker a spring block head and you know, as 1214 00:57:56,000 --> 00:57:58,919 Speaker 21: as a provincial team, it's pretty neat. 1215 00:57:59,120 --> 00:58:00,960 Speaker 3: I like the idea that we played the best sides 1216 00:58:01,000 --> 00:58:03,320 Speaker 3: in the world too. I mean, I suppose out of 1217 00:58:03,400 --> 00:58:05,520 Speaker 3: last week, are you bullish about this next test? The 1218 00:58:05,520 --> 00:58:06,640 Speaker 3: second Test in South Africa? 1219 00:58:07,240 --> 00:58:07,439 Speaker 18: Oh? 1220 00:58:07,720 --> 00:58:12,600 Speaker 21: Look, I'm super nervous. I think, you know, after last 1221 00:58:12,640 --> 00:58:18,280 Speaker 21: week showed we showed intention and it didn't didn't quite 1222 00:58:18,360 --> 00:58:23,000 Speaker 21: finish off the way that they wanted it to. I 1223 00:58:23,040 --> 00:58:27,120 Speaker 21: think will they be able to sneak the start that 1224 00:58:27,160 --> 00:58:32,080 Speaker 21: they had this weekend? Maybe maybe not. You know, like 1225 00:58:32,680 --> 00:58:36,600 Speaker 21: I think we caught them a little bit napping and 1226 00:58:36,880 --> 00:58:40,280 Speaker 21: their system got them through, you know, the way that 1227 00:58:40,280 --> 00:58:43,520 Speaker 21: they bring on a whole forward pack. And you know, 1228 00:58:44,640 --> 00:58:47,120 Speaker 21: the questions were asked of our reserves. You know, do 1229 00:58:47,200 --> 00:58:49,480 Speaker 21: we organize our lineup a little bit and you know, 1230 00:58:49,600 --> 00:58:53,320 Speaker 21: swap our front row to come on second and you know, 1231 00:58:53,400 --> 00:58:56,400 Speaker 21: the current one I don't know, Like it's it will 1232 00:58:56,440 --> 00:59:01,400 Speaker 21: be my games that management that razorwap to deal with 1233 00:59:01,560 --> 00:59:05,520 Speaker 21: and then and there that's what he's been wanting to do. 1234 00:59:05,640 --> 00:59:09,200 Speaker 21: He's been wanting the top job and now he's got 1235 00:59:09,200 --> 00:59:13,240 Speaker 21: that juggle and got a live Yeah, yeah, and yeah. 1236 00:59:13,480 --> 00:59:15,560 Speaker 21: I mean the pressure's on, but at the same time, 1237 00:59:17,400 --> 00:59:21,560 Speaker 21: I think they're really capable and it was just a 1238 00:59:21,600 --> 00:59:25,960 Speaker 21: few mistakes from our reserves that kind of let the 1239 00:59:26,600 --> 00:59:29,880 Speaker 21: the pressure off. And you know, like this weekend, if 1240 00:59:29,880 --> 00:59:31,960 Speaker 21: it's those same guys that that won't be happening. 1241 00:59:32,040 --> 00:59:33,560 Speaker 3: No, I won't good on you, make good to catch up. 1242 00:59:33,560 --> 00:59:37,040 Speaker 3: Appreciate it very much, doctor Krinfeld Cornroy Black. Of course, 1243 00:59:37,800 --> 00:59:41,280 Speaker 3: raisers on the program tomorrow will sort them out. An 1244 00:59:41,440 --> 00:59:45,200 Speaker 3: worry news for you. In a couple of moments, speaking 1245 00:59:45,240 --> 00:59:48,920 Speaker 3: of champions, Dame Lisa Carrington with all the medals, next. 1246 00:59:49,560 --> 00:59:53,440 Speaker 1: The Breakfast show You Can Trust, the Mic Hosking Breakfast 1247 00:59:53,640 --> 00:59:57,640 Speaker 1: with Vita, Retirement Communities, Life Your Way, News togs. 1248 00:59:57,640 --> 01:00:00,840 Speaker 3: He'd be seven past eight for some the Olympics. After 1249 01:00:00,880 --> 01:00:03,280 Speaker 3: the event, they're asking what is next to name Lisa 1250 01:00:03,320 --> 01:00:05,280 Speaker 3: Carrington as one of those people. She may go again. 1251 01:00:05,360 --> 01:00:07,840 Speaker 3: Of course she may not. Nine medals across four games, 1252 01:00:07,880 --> 01:00:10,439 Speaker 3: either of them gold. Meantime. Turns out she's an author 1253 01:00:10,440 --> 01:00:12,280 Speaker 3: of children's book aimed at four to nine year olds. 1254 01:00:12,320 --> 01:00:15,880 Speaker 3: It's called Lisa Carrington chases a champion. Lisa Carrington's with 1255 01:00:16,000 --> 01:00:16,480 Speaker 3: us morning. 1256 01:00:16,720 --> 01:00:18,320 Speaker 25: Yeah, good morning, It's lovely to be. 1257 01:00:18,320 --> 01:00:21,120 Speaker 3: Here now, Elise Andrews, who we had in the program 1258 01:00:21,120 --> 01:00:24,840 Speaker 3: a couple of weeks ago. So these are these eclectic questions. 1259 01:00:24,840 --> 01:00:28,920 Speaker 3: I ask people like you, what's your observation, giving your 1260 01:00:28,920 --> 01:00:32,800 Speaker 3: experience at the elite end of sport, that most sports 1261 01:00:32,840 --> 01:00:37,960 Speaker 3: people are elegant, eloquent and together as human beings. What 1262 01:00:38,120 --> 01:00:40,040 Speaker 3: is it about sport that makes you that way? 1263 01:00:41,760 --> 01:00:46,240 Speaker 25: I wouldn't not everyone's like that, right, I thank you? No, 1264 01:00:46,840 --> 01:00:49,600 Speaker 25: I think, I guess as a sports person, and particularly 1265 01:00:49,680 --> 01:00:55,480 Speaker 25: maybe in New Zealander, if you're working on yourself as 1266 01:00:55,520 --> 01:01:00,000 Speaker 25: a human, your performance is also unlocked in that way. 1267 01:01:00,720 --> 01:01:00,919 Speaker 18: Yeah. 1268 01:01:01,760 --> 01:01:07,920 Speaker 3: And the value then of programs, so rowing, paddling, cycling, sailing, 1269 01:01:08,360 --> 01:01:11,439 Speaker 3: equestrian at Olympic level has been very good. What weight 1270 01:01:11,480 --> 01:01:14,200 Speaker 3: do you place on the value of programs to propel 1271 01:01:14,280 --> 01:01:15,120 Speaker 3: athletes forward? 1272 01:01:15,840 --> 01:01:20,320 Speaker 25: For I guess in my experience it's the people and 1273 01:01:20,640 --> 01:01:25,960 Speaker 25: the I guess, the desire to push boundaries, to grow, 1274 01:01:26,000 --> 01:01:29,320 Speaker 25: to learn, to figure out how just to get better. 1275 01:01:29,400 --> 01:01:32,720 Speaker 25: So for us program is really that is important. But 1276 01:01:32,760 --> 01:01:38,480 Speaker 25: also my coach, my teammates, that's a huge importance. 1277 01:01:39,080 --> 01:01:40,840 Speaker 3: What's the role in your life of the coach. 1278 01:01:42,680 --> 01:01:42,760 Speaker 10: He? 1279 01:01:43,320 --> 01:01:48,560 Speaker 25: I guess Gordy he writes the program, he plans our campaign. 1280 01:01:49,480 --> 01:01:51,360 Speaker 25: It's huge and he's a mentor as well, so he 1281 01:01:51,440 --> 01:01:55,080 Speaker 25: has a huge influence on my performance. 1282 01:01:54,680 --> 01:01:55,080 Speaker 2: Has he? 1283 01:01:55,840 --> 01:01:57,920 Speaker 3: I mean, obviously you grow closer over time. But is 1284 01:01:57,960 --> 01:01:59,880 Speaker 3: it one of those things if you're the right person, 1285 01:02:00,400 --> 01:02:02,920 Speaker 3: you can be coached by anybody or is it a 1286 01:02:03,000 --> 01:02:04,040 Speaker 3: very individual thing? 1287 01:02:04,720 --> 01:02:04,959 Speaker 6: Yeah? 1288 01:02:05,000 --> 01:02:08,400 Speaker 25: I think if you're a learner, if you've got to 1289 01:02:08,400 --> 01:02:11,160 Speaker 25: be coachable, so absolutely you can be coached by anyone. 1290 01:02:11,240 --> 01:02:14,200 Speaker 25: And I think you've got to really understand what you 1291 01:02:14,320 --> 01:02:16,960 Speaker 25: need and how people can help you, and that people 1292 01:02:17,000 --> 01:02:20,000 Speaker 25: aren't there to serve you. That you've got to figure out, 1293 01:02:20,400 --> 01:02:22,520 Speaker 25: you know, what you can probably do for them. And 1294 01:02:22,760 --> 01:02:24,880 Speaker 25: I guess have an aligned vision of where you want 1295 01:02:24,880 --> 01:02:25,160 Speaker 25: to go. 1296 01:02:25,320 --> 01:02:28,680 Speaker 3: When you get to what you've achieved, what's still coachable? 1297 01:02:30,200 --> 01:02:32,400 Speaker 25: That's I guess that is the challenge is to make 1298 01:02:32,440 --> 01:02:37,720 Speaker 25: sure that I still don't believe I know everything, so 1299 01:02:38,920 --> 01:02:42,880 Speaker 25: I still have to get better technically, physically, So it's. 1300 01:02:43,200 --> 01:02:46,400 Speaker 3: See I find that hard to believe. Is that just 1301 01:02:46,440 --> 01:02:49,720 Speaker 3: one of those things you say to yourself just because 1302 01:02:49,760 --> 01:02:51,240 Speaker 3: what you really want to say is there is no 1303 01:02:51,240 --> 01:02:54,040 Speaker 3: one better than me. And that's not an arrogant thing 1304 01:02:54,040 --> 01:02:56,000 Speaker 3: to say, it's just a statement of truth. 1305 01:02:56,760 --> 01:02:59,720 Speaker 25: Yeah, But I guess there's like what is the what 1306 01:02:59,840 --> 01:03:02,920 Speaker 25: is the measure of best? Or you'll be like, it's 1307 01:03:02,920 --> 01:03:03,760 Speaker 25: only your best. 1308 01:03:03,680 --> 01:03:04,280 Speaker 3: Right gold? 1309 01:03:04,920 --> 01:03:08,640 Speaker 25: Yeah, I don't know, Like I guess you are competing 1310 01:03:08,680 --> 01:03:11,520 Speaker 25: against we are competing against people, but what is is 1311 01:03:11,520 --> 01:03:14,320 Speaker 25: it a world record? Is it your best? So I 1312 01:03:14,320 --> 01:03:18,120 Speaker 25: think you have to look beyond the finish line or 1313 01:03:18,920 --> 01:03:20,880 Speaker 25: a gold medal and go Actually, I want to be 1314 01:03:22,040 --> 01:03:23,720 Speaker 25: I want to be able to do this and every 1315 01:03:23,760 --> 01:03:26,240 Speaker 25: time you achieve those little things winning a gold medal. 1316 01:03:26,280 --> 01:03:29,240 Speaker 25: If I thought that winning a gold medal was my best, 1317 01:03:29,560 --> 01:03:32,400 Speaker 25: I would have stopped in London. I would have stopped 1318 01:03:32,400 --> 01:03:35,400 Speaker 25: after Rio. I would have stopped after So like you've 1319 01:03:35,400 --> 01:03:37,560 Speaker 25: got to figure out, like what is more? And as 1320 01:03:37,760 --> 01:03:40,840 Speaker 25: I think you know there's I think you can just 1321 01:03:40,880 --> 01:03:43,400 Speaker 25: completely learn and grow as a person. 1322 01:03:43,680 --> 01:03:45,920 Speaker 3: It's got to be more than Do you think you're 1323 01:03:45,920 --> 01:03:46,520 Speaker 3: still doing that? 1324 01:03:47,320 --> 01:03:47,560 Speaker 10: Yeah? 1325 01:03:47,640 --> 01:03:50,840 Speaker 25: I think I've learned so much in the last year. 1326 01:03:53,120 --> 01:03:56,840 Speaker 25: Every year, like I guess you kind of there's one 1327 01:03:56,880 --> 01:03:58,800 Speaker 25: of our coaches said, if you're not embarrassed by the 1328 01:03:58,800 --> 01:04:03,040 Speaker 25: person you were, you're not so like it. I think you. 1329 01:04:03,880 --> 01:04:06,200 Speaker 25: I think it's like if I look through every medal, 1330 01:04:06,240 --> 01:04:08,760 Speaker 25: every moment, it's not always about the medals, you know that, 1331 01:04:09,720 --> 01:04:14,920 Speaker 25: they're just they just signify that moment. Yeah, but you know, man, 1332 01:04:14,960 --> 01:04:17,480 Speaker 25: I just it's got to be more than crossing the 1333 01:04:17,480 --> 01:04:18,360 Speaker 25: finish line first. 1334 01:04:18,400 --> 01:04:20,240 Speaker 3: It has to be I just can't work out what 1335 01:04:20,280 --> 01:04:22,240 Speaker 3: that is though. See, that's that's the person, that's the 1336 01:04:22,240 --> 01:04:24,280 Speaker 3: fascinating thing. You must be going through that right now, then, 1337 01:04:24,360 --> 01:04:24,840 Speaker 3: mustn't you. 1338 01:04:25,080 --> 01:04:25,600 Speaker 15: Yeah? 1339 01:04:25,640 --> 01:04:29,480 Speaker 25: Absolutely? I think also finishing having done the sport for 1340 01:04:29,520 --> 01:04:33,040 Speaker 25: this long. It's taken me this long to really perform 1341 01:04:34,080 --> 01:04:36,920 Speaker 25: and that week of Paris and have like one hundred 1342 01:04:38,040 --> 01:04:41,439 Speaker 25: joy and satisfaction and racing and I think a lot 1343 01:04:41,440 --> 01:04:44,080 Speaker 25: of the time I've raced in the past and it's 1344 01:04:44,080 --> 01:04:47,200 Speaker 25: been out of just needing to win, just because that's 1345 01:04:47,240 --> 01:04:51,240 Speaker 25: the expectation on me. But for Paris, I managed it 1346 01:04:51,240 --> 01:04:52,360 Speaker 25: to a place where I was like, you know what, 1347 01:04:52,480 --> 01:04:55,680 Speaker 25: I'm just going to do my best. I love my teammates. Yeah, yeah, 1348 01:04:55,720 --> 01:04:58,160 Speaker 25: we have given our heart and soul into this. 1349 01:04:58,440 --> 01:05:01,760 Speaker 3: So but that because I'll tell you what that is 1350 01:05:01,880 --> 01:05:03,560 Speaker 3: what that is is you've got nothing left. 1351 01:05:03,440 --> 01:05:07,760 Speaker 25: To prove, or you just don't have to prove anything. 1352 01:05:07,880 --> 01:05:10,800 Speaker 3: That's what I'm saying. Yeah, no one doubts who you 1353 01:05:10,840 --> 01:05:13,640 Speaker 3: are and what you're about, so therefore you can truly 1354 01:05:13,760 --> 01:05:15,840 Speaker 3: enjoy it and be yourself and express yourself in your 1355 01:05:15,880 --> 01:05:16,600 Speaker 3: case with the pedal. 1356 01:05:16,800 --> 01:05:19,640 Speaker 25: Yeah, exactly. And I think you can probably find that 1357 01:05:19,720 --> 01:05:23,560 Speaker 25: in any stage, whether you are going to come last 1358 01:05:23,720 --> 01:05:25,680 Speaker 25: or come first. But that is probably the hardest thing 1359 01:05:25,680 --> 01:05:26,200 Speaker 25: to do, is. 1360 01:05:26,480 --> 01:05:28,040 Speaker 3: Do you want to leave? And I don't want to 1361 01:05:28,080 --> 01:05:30,560 Speaker 3: ask you tricky questions that you'll squirm over, but do 1362 01:05:30,600 --> 01:05:33,200 Speaker 3: you just just big picture stuff? Do you want to 1363 01:05:33,480 --> 01:05:35,040 Speaker 3: have you even thought about it? Do you want to 1364 01:05:35,120 --> 01:05:37,800 Speaker 3: leave at the top or it doesn't bother you? 1365 01:05:39,560 --> 01:05:43,760 Speaker 25: Yeah, that's I think you would. I don't know. I 1366 01:05:43,800 --> 01:05:48,320 Speaker 25: think in sport right now, being in the position I am, 1367 01:05:48,440 --> 01:05:52,720 Speaker 25: you know, being the fastest I've ever been, strongest, whatever, 1368 01:05:54,200 --> 01:05:57,240 Speaker 25: it is hard to think, oh maybe I'll stop now, 1369 01:05:57,520 --> 01:06:00,560 Speaker 25: because well what else is there? So I don't know. 1370 01:06:00,640 --> 01:06:03,200 Speaker 25: Maybe I think, to be honest, it has to be 1371 01:06:03,360 --> 01:06:07,320 Speaker 25: a different thing. So every olympacts is different. And if 1372 01:06:07,360 --> 01:06:10,160 Speaker 25: I go to that next stage of life for whatever, 1373 01:06:10,360 --> 01:06:12,880 Speaker 25: it's almost like you have to it has to be 1374 01:06:12,920 --> 01:06:15,800 Speaker 25: about something else. So the challenge has to be different. 1375 01:06:15,880 --> 01:06:18,439 Speaker 25: And so maybe the challenge is so big the next 1376 01:06:18,440 --> 01:06:20,280 Speaker 25: one that I can't be the best. 1377 01:06:20,360 --> 01:06:22,640 Speaker 3: All right, listen, hold on more questions in a moment, 1378 01:06:22,680 --> 01:06:24,480 Speaker 3: and we got the medals in the studio as well. 1379 01:06:24,560 --> 01:06:25,439 Speaker 3: Thirteen past eight. 1380 01:06:26,320 --> 01:06:30,720 Speaker 1: The Mike Asking Breakfast Full Show podcast on iHeartRadio pow 1381 01:06:30,840 --> 01:06:31,640 Speaker 1: it By News. 1382 01:06:31,440 --> 01:06:34,800 Speaker 3: Talks It Talks At sixteen past eight, Lisa Carrington with us. 1383 01:06:34,800 --> 01:06:37,160 Speaker 3: Next question, would you still go to the Olympics? Do 1384 01:06:37,200 --> 01:06:39,000 Speaker 3: you think knowing you're not the best? 1385 01:06:39,440 --> 01:06:42,000 Speaker 25: Yeah, that's I think that's this is where. 1386 01:06:42,240 --> 01:06:44,200 Speaker 3: This is where we're at. And do you take advice 1387 01:06:44,280 --> 01:06:45,680 Speaker 3: on that? Are you one of those people who thinks 1388 01:06:45,680 --> 01:06:46,600 Speaker 3: that stuff for yourself? 1389 01:06:47,200 --> 01:06:50,400 Speaker 25: No, I definitely take advice. I really have a you know, 1390 01:06:50,440 --> 01:06:52,920 Speaker 25: there's a handful of people that I've had in my 1391 01:06:53,000 --> 01:06:56,880 Speaker 25: life for a good fifteen years that have helped me 1392 01:06:56,920 --> 01:07:00,840 Speaker 25: get to this point. Yeah, And I think you have 1393 01:07:00,960 --> 01:07:03,560 Speaker 25: to rely. I think it actually just comes back to 1394 01:07:03,560 --> 01:07:06,800 Speaker 25: who you are, what you want and am I on 1395 01:07:06,840 --> 01:07:10,480 Speaker 25: a path that I enjoy? 1396 01:07:10,680 --> 01:07:14,680 Speaker 3: Good on you, And obviously part of that is the 1397 01:07:14,720 --> 01:07:19,200 Speaker 3: business of getting up. I assume it's early and paddling 1398 01:07:19,200 --> 01:07:21,600 Speaker 3: for long hours and doing what you do, which is 1399 01:07:21,640 --> 01:07:23,520 Speaker 3: the other part I admire so much about you. You 1400 01:07:23,560 --> 01:07:26,360 Speaker 3: seem to be above all elite athletes who are all 1401 01:07:26,400 --> 01:07:29,440 Speaker 3: dedicated to what they do that next level up, which 1402 01:07:29,480 --> 01:07:32,040 Speaker 3: is the you know what you need to do to 1403 01:07:32,400 --> 01:07:34,040 Speaker 3: get to be the best. And there's something in that, 1404 01:07:34,160 --> 01:07:35,720 Speaker 3: isn't there? Yeah? 1405 01:07:35,760 --> 01:07:39,600 Speaker 25: Absolutely, and it's I mean it's I guess we you know, 1406 01:07:39,920 --> 01:07:42,680 Speaker 25: it's compounding interest. So years and years of being at 1407 01:07:42,680 --> 01:07:47,440 Speaker 25: a high level, you keep adding experience training to the 1408 01:07:47,480 --> 01:07:51,560 Speaker 25: bank and it just compounds over time. So yeah, I 1409 01:07:51,560 --> 01:07:54,840 Speaker 25: guess I have a fair bit of ip that I 1410 01:07:54,920 --> 01:07:57,320 Speaker 25: would just continue to love to share as well. 1411 01:07:57,640 --> 01:08:00,400 Speaker 3: Where does age fit in and the physical can straints 1412 01:08:00,400 --> 01:08:00,880 Speaker 3: of age? 1413 01:08:01,040 --> 01:08:07,320 Speaker 25: I think there's a conception that sport is short, especially 1414 01:08:07,320 --> 01:08:13,600 Speaker 25: for females, So I am not sure. I think we're 1415 01:08:13,720 --> 01:08:18,080 Speaker 25: exploring new areas. I don't know. There's not too many 1416 01:08:18,280 --> 01:08:22,280 Speaker 25: New Zealand Olympic athletes that are over thirty five. 1417 01:08:23,560 --> 01:08:24,160 Speaker 3: How old are you? 1418 01:08:24,280 --> 01:08:28,720 Speaker 25: Thirty five? Okay, yeah, you're younger than that. You'll you'll 1419 01:08:28,760 --> 01:08:31,479 Speaker 25: be thirty nine, yeah, yeah, the next one. 1420 01:08:31,640 --> 01:08:34,120 Speaker 3: And so is there a group of people out there 1421 01:08:34,120 --> 01:08:36,439 Speaker 3: that can guide you in that sense that thirty nine 1422 01:08:36,479 --> 01:08:37,160 Speaker 3: is not a thing. 1423 01:08:37,160 --> 01:08:40,040 Speaker 25: Or absolutely I think we just you know, like there's 1424 01:08:40,080 --> 01:08:40,639 Speaker 25: no limit. 1425 01:08:40,960 --> 01:08:43,200 Speaker 3: I think what will that be made up of? Will 1426 01:08:43,200 --> 01:08:44,840 Speaker 3: that be made how much of it will be made 1427 01:08:44,880 --> 01:08:49,479 Speaker 3: up of diet, training, psychology, experience and all those other 1428 01:08:49,520 --> 01:08:52,800 Speaker 3: bits and pieces versus just the natural Your body does 1429 01:08:52,840 --> 01:08:54,439 Speaker 3: what your body does and there's nothing you can do 1430 01:08:54,479 --> 01:08:54,840 Speaker 3: about that. 1431 01:08:56,479 --> 01:08:59,560 Speaker 25: Yeah, I guess that's what we're learning. Like as athletes, 1432 01:09:00,320 --> 01:09:04,200 Speaker 25: we are a constant experiment, so data has been gathered 1433 01:09:04,240 --> 01:09:08,120 Speaker 25: all the time, you know, our sleep data, our training data, 1434 01:09:08,439 --> 01:09:11,960 Speaker 25: heart rate, etc. So I guess what we're learning is 1435 01:09:12,680 --> 01:09:16,080 Speaker 25: although there's improvement, it's that when does that improvement stop happening? 1436 01:09:16,360 --> 01:09:18,560 Speaker 25: And what does that do to is it? Yeah, physiology, 1437 01:09:18,680 --> 01:09:24,599 Speaker 25: is it, mentality, diet, But yeah, there's definitely a play 1438 01:09:24,640 --> 01:09:28,799 Speaker 25: of I'm sure there's a point where your body can't 1439 01:09:28,800 --> 01:09:31,640 Speaker 25: do more, but your mind might be able to do. 1440 01:09:31,720 --> 01:09:34,040 Speaker 3: You enjoy being disciplined, because here's the other thing I 1441 01:09:34,040 --> 01:09:36,640 Speaker 3: think about a lot, and that is that the discipline. 1442 01:09:37,200 --> 01:09:39,559 Speaker 3: It's great when you're doing it, but when you do 1443 01:09:39,600 --> 01:09:41,120 Speaker 3: it all the time, you think, geez, wouldn't it be 1444 01:09:41,120 --> 01:09:43,120 Speaker 3: great just to blob out for a while and just 1445 01:09:43,200 --> 01:09:45,080 Speaker 3: let myself go a bit, And you see it the 1446 01:09:45,120 --> 01:09:49,400 Speaker 3: lot of next athletes who clearly have and I've never 1447 01:09:49,479 --> 01:09:52,080 Speaker 3: quite got me. But I wonder if are you disciplined 1448 01:09:52,160 --> 01:09:54,679 Speaker 3: naturally so that no matter we you end up in life, 1449 01:09:54,760 --> 01:09:56,280 Speaker 3: you will be a disciplined person. 1450 01:09:57,520 --> 01:10:01,559 Speaker 25: Yeah, maybe there's a bit of fear there. If I'm 1451 01:10:01,640 --> 01:10:04,200 Speaker 25: not disciplined, things won't go well. So I think there's 1452 01:10:04,240 --> 01:10:08,200 Speaker 25: probably a natural worry that I need to stay disciplined. 1453 01:10:08,240 --> 01:10:09,880 Speaker 25: But I think you just learn. It's gradual. 1454 01:10:09,960 --> 01:10:10,080 Speaker 10: Right. 1455 01:10:10,360 --> 01:10:14,559 Speaker 25: I've figured out for me an equation where I can 1456 01:10:14,600 --> 01:10:18,479 Speaker 25: be disciplined, but it just becomes kind of daily, So 1457 01:10:18,520 --> 01:10:20,280 Speaker 25: it's not huge, like you know, you've got to stick 1458 01:10:20,280 --> 01:10:22,160 Speaker 25: to this routine and got to eat all this food. 1459 01:10:22,800 --> 01:10:26,400 Speaker 25: It's actually small things that I've developed that make it 1460 01:10:26,439 --> 01:10:28,599 Speaker 25: easier to turn up fantastic. Yeah. 1461 01:10:28,760 --> 01:10:31,840 Speaker 3: So, which brings you to As to the children's book, 1462 01:10:31,920 --> 01:10:34,000 Speaker 3: this is an exercise is about what? 1463 01:10:35,600 --> 01:10:40,200 Speaker 25: So it's really about the journey of eight year old 1464 01:10:40,280 --> 01:10:45,280 Speaker 25: Lisa having a goal and the journey of achieving it, 1465 01:10:45,360 --> 01:10:49,439 Speaker 25: and that comes with little challenges and ways to kind 1466 01:10:49,479 --> 01:10:50,360 Speaker 25: of come back to it. 1467 01:10:50,800 --> 01:10:53,880 Speaker 3: Do you seem to message in the book that all 1468 01:10:53,960 --> 01:10:56,240 Speaker 3: things are possible because one of it, because I'm being 1469 01:10:56,240 --> 01:10:58,360 Speaker 3: older than you and I'm an old dinosaur and all 1470 01:10:58,400 --> 01:11:01,040 Speaker 3: that crap. The way that could dealt with these days 1471 01:11:01,160 --> 01:11:02,720 Speaker 3: perhaps not the way that you were dealt with as 1472 01:11:02,720 --> 01:11:04,800 Speaker 3: a child, and certainly I wasn't, And that is that 1473 01:11:04,840 --> 01:11:07,040 Speaker 3: there's a little bit too much leeway about turning up 1474 01:11:07,080 --> 01:11:08,840 Speaker 3: and not you know, when it doesn't really matter all 1475 01:11:08,880 --> 01:11:10,400 Speaker 3: that much and stuff like that. Do you send a 1476 01:11:10,400 --> 01:11:12,400 Speaker 3: message that turning up counts sometimes? 1477 01:11:12,640 --> 01:11:12,880 Speaker 10: Yeah? 1478 01:11:12,920 --> 01:11:15,920 Speaker 25: Absolutely, That is one of the messages in the book. 1479 01:11:17,560 --> 01:11:20,400 Speaker 25: Young Lisa has a friend and she's so she asked 1480 01:11:20,439 --> 01:11:22,800 Speaker 25: her for advice, and she said, it's just about showing up. 1481 01:11:23,600 --> 01:11:26,599 Speaker 25: And so, you know, it's about turning up. It talks 1482 01:11:26,600 --> 01:11:29,439 Speaker 25: about turning up. It's about your parents being that person 1483 01:11:29,479 --> 01:11:33,800 Speaker 25: that listens to you. There's so many little messages in 1484 01:11:33,840 --> 01:11:37,240 Speaker 25: there from you know, about a little bit about discipline 1485 01:11:37,360 --> 01:11:41,040 Speaker 25: or having a plan, but also that you know there 1486 01:11:41,080 --> 01:11:43,080 Speaker 25: are challenges and you have to keep turning up. 1487 01:11:43,439 --> 01:11:45,639 Speaker 3: Isn't that one of the great stories of the Olympic Games? 1488 01:11:45,680 --> 01:11:48,840 Speaker 3: And we saw it recently in Paris. Is everyone had 1489 01:11:48,840 --> 01:11:51,360 Speaker 3: a mum or a dad, or an uncle or an auntie, 1490 01:11:51,400 --> 01:11:54,439 Speaker 3: and they were all there. It was like, there it is, 1491 01:11:55,000 --> 01:11:57,800 Speaker 3: this is the moment, and we've all worked towards this 1492 01:11:57,920 --> 01:11:59,519 Speaker 3: and it's the greatest thing in the world, isn't it. 1493 01:11:59,760 --> 01:11:59,960 Speaker 11: Yeah. 1494 01:12:00,120 --> 01:12:01,960 Speaker 25: I think it's really special to be able to share 1495 01:12:02,000 --> 01:12:04,400 Speaker 25: that with the people at home, you know, that have 1496 01:12:04,479 --> 01:12:07,080 Speaker 25: come there to what you perform, and particularly like it 1497 01:12:07,120 --> 01:12:10,160 Speaker 25: went so well for us at the games and so 1498 01:12:10,320 --> 01:12:13,080 Speaker 25: for you know, across the board, and so I think 1499 01:12:13,200 --> 01:12:16,040 Speaker 25: you know your parents, they give so much. 1500 01:12:16,720 --> 01:12:19,599 Speaker 3: Don't they? All everyone does? So this takes you where. 1501 01:12:19,680 --> 01:12:22,080 Speaker 3: This is the first of eighteen books. 1502 01:12:23,479 --> 01:12:26,839 Speaker 25: Yeah, I hope to do a couple more children's books. 1503 01:12:26,920 --> 01:12:30,800 Speaker 25: So at the end there it I kind of shares 1504 01:12:30,840 --> 01:12:33,519 Speaker 25: it is another journey, so it keeps you on the edgy. 1505 01:12:33,800 --> 01:12:37,479 Speaker 3: Well, she can have journeys and adventures till forever, can't. 1506 01:12:37,280 --> 01:12:40,160 Speaker 25: She always too many lessons to learn and relearn? 1507 01:12:40,240 --> 01:12:40,360 Speaker 10: Right? 1508 01:12:40,400 --> 01:12:42,719 Speaker 3: Good on you, well, thank you for bringing these glorious 1509 01:12:42,760 --> 01:12:45,160 Speaker 3: things in. Do you wake them by the way in 1510 01:12:45,240 --> 01:12:47,720 Speaker 3: terms of importance or moments. 1511 01:12:48,080 --> 01:12:51,200 Speaker 25: Learnings, feelings? And you know, I guess it's like every 1512 01:12:51,200 --> 01:12:54,559 Speaker 25: one of those medals, I am kind of am a 1513 01:12:54,560 --> 01:12:59,720 Speaker 25: different person, more experienced or whatever. So I think, yeah, 1514 01:12:59,760 --> 01:13:02,800 Speaker 25: they they're all pretty they're all pretty special, but I 1515 01:13:02,880 --> 01:13:05,400 Speaker 25: mean Paris, the recent ones were amazing. 1516 01:13:05,640 --> 01:13:08,200 Speaker 3: I'm not surprised. Listen, go well, we'll put the video 1517 01:13:08,320 --> 01:13:10,000 Speaker 3: up so over and can see the medals in a moment. 1518 01:13:10,040 --> 01:13:12,360 Speaker 3: Lisa Carrington eight twenty two. 1519 01:13:12,680 --> 01:13:16,480 Speaker 1: My cost youll breakfast with Bailey's Real Estate News talks. 1520 01:13:16,360 --> 01:13:19,680 Speaker 3: The as we age. You got your joint discomfort, you've 1521 01:13:19,680 --> 01:13:22,040 Speaker 3: got your low energy, got your restless nights. They can 1522 01:13:22,080 --> 01:13:24,680 Speaker 3: become a little bit common. So fortunately about Health have 1523 01:13:25,040 --> 01:13:26,600 Speaker 3: got some answers here. They are for a range of 1524 01:13:26,680 --> 01:13:29,639 Speaker 3: multi ingredient supplements that will support your rum every day 1525 01:13:29,640 --> 01:13:32,200 Speaker 3: well being. So we got first up listers Oil Premium, 1526 01:13:32,240 --> 01:13:34,439 Speaker 3: Amega three for Shu oil formula that's enrich were the 1527 01:13:34,439 --> 01:13:37,559 Speaker 3: antioxidants like your vitamin D supports the joint, the immune, 1528 01:13:37,560 --> 01:13:39,679 Speaker 3: the heart health. Then you've got the popular element twelve 1529 01:13:39,720 --> 01:13:43,480 Speaker 3: magnesium that's formulated by the way with three forms of magnesium, 1530 01:13:43,720 --> 01:13:46,280 Speaker 3: along with the active B vitamins that supports the relaxation 1531 01:13:46,439 --> 01:13:48,479 Speaker 3: and the better slip. So basically, take charge of your 1532 01:13:48,520 --> 01:13:50,720 Speaker 3: health naturally. Oh eight hundred triple nine three or nine 1533 01:13:50,760 --> 01:13:53,240 Speaker 3: about health dot co dot nz. When you order by 1534 01:13:53,240 --> 01:13:54,840 Speaker 3: the way, a three month supply of the Listers and 1535 01:13:54,880 --> 01:13:57,760 Speaker 3: the Element twelve. Use the code breakfast, receive a three 1536 01:13:57,880 --> 01:13:59,880 Speaker 3: thirty capsule bottle of the Lister's nightcap with the p 1537 01:14:00,320 --> 01:14:03,719 Speaker 3: so It's fabulous Element twelve magnesium as seen on TV 1538 01:14:03,840 --> 01:14:06,800 Speaker 3: from About Health. Remember always to read the label and 1539 01:14:06,840 --> 01:14:09,200 Speaker 3: take as directed. But eight hundred triple nine three oh 1540 01:14:09,280 --> 01:14:12,639 Speaker 3: nine or about health dot co dot nzhsky my chance 1541 01:14:12,680 --> 01:14:15,400 Speaker 3: like Lisa's off to La at thirty nine amazing. Yeah, 1542 01:14:15,439 --> 01:14:17,519 Speaker 3: she is amazing, isn't she? What an amazing person, he 1543 01:14:17,600 --> 01:14:19,640 Speaker 3: confirms at second text. What an amazing person I do. 1544 01:14:19,920 --> 01:14:24,040 Speaker 3: I feel more enriched just listening to Lisa for my everyday, 1545 01:14:24,240 --> 01:14:27,920 Speaker 3: mundane life to be not just a good person, but 1546 01:14:27,960 --> 01:14:30,599 Speaker 3: to be the best at anything you can be and loving. 1547 01:14:30,840 --> 01:14:33,320 Speaker 3: I'm glad you like it. Wow, Dame Lisa, What a 1548 01:14:33,320 --> 01:14:35,680 Speaker 3: woman she is. She's impressed of humble yet driven. What 1549 01:14:35,840 --> 01:14:40,439 Speaker 3: an example she is setting. Everybody loves Lisa Carrington and 1550 01:14:40,520 --> 01:14:43,680 Speaker 3: there I suggest actually that pretty much everyone loves one 1551 01:14:43,720 --> 01:14:45,639 Speaker 3: little which is just as well because he's up after 1552 01:14:45,680 --> 01:14:48,719 Speaker 3: the news, which is next Big. 1553 01:14:48,600 --> 01:14:53,919 Speaker 1: News fold Opinions. The Mic Hosking Breakfast with the Jaguar 1554 01:14:54,120 --> 01:14:57,320 Speaker 1: f base cut from a different class news talks. 1555 01:14:57,160 --> 01:14:59,960 Speaker 3: dB from the Bureau of Investigation and George this morning, 1556 01:15:00,200 --> 01:15:02,320 Speaker 3: keeping you up to date with what's happened in the 1557 01:15:02,320 --> 01:15:04,240 Speaker 3: shooting where they got a fourteen year old so we 1558 01:15:04,240 --> 01:15:06,200 Speaker 3: can't confirm it as a fourteen year old and custody 1559 01:15:06,200 --> 01:15:09,320 Speaker 3: to teachers are dead. And then we come to the 1560 01:15:09,320 --> 01:15:11,120 Speaker 3: Grenfell report, which was one of the things we were 1561 01:15:11,120 --> 01:15:13,120 Speaker 3: talking about earlier on this morning. He yet another one 1562 01:15:13,120 --> 01:15:16,080 Speaker 3: of these Grenfell reports. The disaster a couple of years ago. 1563 01:15:16,200 --> 01:15:19,000 Speaker 3: Now report came out overnight. So Deep Kahn of course 1564 01:15:19,280 --> 01:15:20,320 Speaker 3: has commented. 1565 01:15:20,200 --> 01:15:25,280 Speaker 26: Every single death was avoidable and that's goot wrenching to read. 1566 01:15:25,880 --> 01:15:29,440 Speaker 26: We're having black and white the chair to the inquiry 1567 01:15:29,840 --> 01:15:32,800 Speaker 26: and they sat for more than four hundred days, concluding 1568 01:15:33,439 --> 01:15:42,240 Speaker 26: there was a systematic dishonesty, corporate greed, institutional indifference, neglect 1569 01:15:43,040 --> 01:15:44,760 Speaker 26: and incompetence. 1570 01:15:44,760 --> 01:15:48,679 Speaker 18: International correspondence with ends and eye insurance, peace of mind 1571 01:15:48,720 --> 01:15:50,439 Speaker 18: for New Zealand business giving. 1572 01:15:50,200 --> 01:15:51,760 Speaker 3: The middle of means you can't argue with that. Other 1573 01:15:51,800 --> 01:15:52,439 Speaker 3: matters in Britain. 1574 01:15:52,479 --> 01:15:55,200 Speaker 12: Rod morning to you. 1575 01:15:54,240 --> 01:15:56,320 Speaker 3: Mate, So around one. I gave you the numbers earlier 1576 01:15:56,360 --> 01:15:59,160 Speaker 3: on patell is out is Patel being out round one 1577 01:15:59,200 --> 01:16:01,080 Speaker 3: of surprise or not really not. 1578 01:16:01,120 --> 01:16:05,960 Speaker 12: According to the bookies, slightly so according to me. I 1579 01:16:06,000 --> 01:16:08,439 Speaker 12: thought she would have had a bit more heft, but 1580 01:16:08,520 --> 01:16:10,439 Speaker 12: I think that an awful one of her votes will 1581 01:16:10,479 --> 01:16:13,920 Speaker 12: go to now to James Cleverly, and maybe a few 1582 01:16:13,920 --> 01:16:22,600 Speaker 12: to Kemmy Badanocky. She's quite a figure, pretty hotel but 1583 01:16:22,680 --> 01:16:27,280 Speaker 12: I think a bit like with Suella Brotherman, people within 1584 01:16:27,320 --> 01:16:30,360 Speaker 12: the Conservative Party fear that she'd may not necessarily be 1585 01:16:30,400 --> 01:16:31,759 Speaker 12: a unifying factor. 1586 01:16:32,280 --> 01:16:35,920 Speaker 3: Okay, so is that about personality or is it about policy? 1587 01:16:35,920 --> 01:16:38,599 Speaker 3: Are they arguing on how I'm going to lead the Tories? 1588 01:16:38,680 --> 01:16:41,040 Speaker 3: Or are you just looking guy, Robert? There's old Tom 1589 01:16:41,040 --> 01:16:42,559 Speaker 3: and he's a dickhead, so I won't play for him. 1590 01:16:43,280 --> 01:16:46,639 Speaker 12: A bit of both, certainly with Patel, a lot will 1591 01:16:46,680 --> 01:16:50,280 Speaker 12: be on personality. She is a very spiky individual. I 1592 01:16:50,360 --> 01:16:55,360 Speaker 12: rather like her to be honest. Kemmy Badanock is less 1593 01:16:55,479 --> 01:17:01,840 Speaker 12: obviously aggressive and probably probably even more so rooted on 1594 01:17:01,920 --> 01:17:04,479 Speaker 12: the right of the party. And what we're looking at 1595 01:17:04,640 --> 01:17:11,479 Speaker 12: basically is a long drawn out and boring contest which 1596 01:17:11,520 --> 01:17:14,559 Speaker 12: will in the end come down to Robert Jenrick who 1597 01:17:14,720 --> 01:17:20,960 Speaker 12: won that today versus probably Kemmy Badanock, who came second, 1598 01:17:22,360 --> 01:17:24,760 Speaker 12: and it's kind of lemmy all changed cleverly, but you 1599 01:17:24,800 --> 01:17:26,320 Speaker 12: would guess kemmy badenock. 1600 01:17:26,560 --> 01:17:29,120 Speaker 3: So this guy and me interrupts Sight interrupt Rob because 1601 01:17:29,120 --> 01:17:31,599 Speaker 3: I try and follow this as closely as I can. 1602 01:17:32,160 --> 01:17:34,679 Speaker 3: But this guy generic seems to have come a little 1603 01:17:34,720 --> 01:17:36,960 Speaker 3: bit out of lift or right field. He's been spread 1604 01:17:37,040 --> 01:17:38,640 Speaker 3: the other day by the TABLOI as I was not. 1605 01:17:39,120 --> 01:17:40,840 Speaker 3: Is he sort of the force of the future or 1606 01:17:40,840 --> 01:17:42,760 Speaker 3: we don't know that, We don't know. 1607 01:17:42,680 --> 01:17:47,040 Speaker 12: That he is on a kind of epic scale more 1608 01:17:47,080 --> 01:17:50,120 Speaker 12: boring than I can possibly describe in the short time 1609 01:17:50,160 --> 01:17:53,720 Speaker 12: that we have this evening to discripse this threat is 1610 01:17:54,680 --> 01:17:59,799 Speaker 12: a very very boring centrist is quite, is quite literality, 1611 01:17:59,880 --> 01:18:03,960 Speaker 12: is able to speak well. But there is no vision 1612 01:18:04,000 --> 01:18:07,479 Speaker 12: there that I see. You look at Europe and the 1613 01:18:07,479 --> 01:18:10,559 Speaker 12: way politics is changed in there, and there is no 1614 01:18:10,840 --> 01:18:14,719 Speaker 12: real grasp within the Conservative Party that they might take 1615 01:18:14,800 --> 01:18:21,160 Speaker 12: hold of some of that momentum and move forward. Generally, 1616 01:18:21,200 --> 01:18:23,080 Speaker 12: I think would be the worst of all worlds for 1617 01:18:23,160 --> 01:18:26,599 Speaker 12: the Conservative Party. And when it comes to a vote 1618 01:18:26,600 --> 01:18:29,439 Speaker 12: of the members rather than just the MP's general will 1619 01:18:29,479 --> 01:18:34,800 Speaker 12: win among the members, among the parliamentarians, but he will 1620 01:18:34,800 --> 01:18:36,400 Speaker 12: not win when it comes to the members. 1621 01:18:36,640 --> 01:18:39,480 Speaker 3: Okay, other side of the house. I was watching PMQ's 1622 01:18:39,520 --> 01:18:43,200 Speaker 3: and the Parliament. I thought there was interesting about Starmer 1623 01:18:43,280 --> 01:18:45,000 Speaker 3: was in trouble with the train drivers, giving them all 1624 01:18:45,000 --> 01:18:47,000 Speaker 3: the money while taking money off the heating for the 1625 01:18:47,000 --> 01:18:50,559 Speaker 3: pinches and and all that stuff. As regards Angela Rainer 1626 01:18:51,000 --> 01:18:52,800 Speaker 3: and there's right to buy scheme, where are we at 1627 01:18:52,800 --> 01:18:52,960 Speaker 3: with that? 1628 01:18:53,520 --> 01:18:57,320 Speaker 12: Well, she is now in discussions to end the right 1629 01:18:57,400 --> 01:19:01,160 Speaker 12: to buy scheme, which was introduced by Margaret tacherin nineteen 1630 01:19:01,200 --> 01:19:03,559 Speaker 12: eighty in the Housing Act of nineteen eighty and led 1631 01:19:03,640 --> 01:19:07,080 Speaker 12: to what was, to the embarrassment of the left, the 1632 01:19:07,120 --> 01:19:10,960 Speaker 12: biggest transfer of wealth, the redistribution of wealth in the 1633 01:19:11,040 --> 01:19:14,479 Speaker 12: history of this country. So suddenly all these working class 1634 01:19:14,520 --> 01:19:17,920 Speaker 12: people who were in social in council housing were able 1635 01:19:17,960 --> 01:19:20,879 Speaker 12: to buy their own homes, and one of those people, 1636 01:19:21,080 --> 01:19:25,599 Speaker 12: remarkably was Angela Rainer. But now she wants to stop 1637 01:19:25,640 --> 01:19:29,439 Speaker 12: everybody else doing it, and it kind of reinforces in 1638 01:19:29,479 --> 01:19:32,479 Speaker 12: the mind this is the Labor Party, which is, you know, 1639 01:19:33,120 --> 01:19:36,080 Speaker 12: don't do as I do, do as I say, and 1640 01:19:36,160 --> 01:19:38,679 Speaker 12: there's one rule for us and one rule for you. 1641 01:19:39,439 --> 01:19:45,400 Speaker 12: And what it did do the right to buy scheme 1642 01:19:46,080 --> 01:19:48,280 Speaker 12: was enabled poor people to get on the housing matter. 1643 01:19:48,760 --> 01:19:51,240 Speaker 12: Now the housing matter is ever more difficult to get 1644 01:19:51,280 --> 01:19:54,240 Speaker 12: onto these days, and now this prop looks as if 1645 01:19:54,280 --> 01:19:55,280 Speaker 12: it's going to be withdrawn. 1646 01:19:55,520 --> 01:19:57,479 Speaker 3: OK, give us a quick up date since we've last 1647 01:19:57,479 --> 01:19:59,960 Speaker 3: talked the thirty licenses of the three hundred and fifty. 1648 01:20:00,080 --> 01:20:03,559 Speaker 3: This is the weapons exporting to Israel. How's that gone 1649 01:20:03,640 --> 01:20:06,320 Speaker 3: down in Israel? And what role does the raw that 1650 01:20:06,360 --> 01:20:08,840 Speaker 3: particular war still play in the Psyche? If your average 1651 01:20:08,880 --> 01:20:10,120 Speaker 3: Britain on any given. 1652 01:20:09,960 --> 01:20:14,320 Speaker 12: Day, it's questionable about what role it plays within the 1653 01:20:14,360 --> 01:20:17,639 Speaker 12: lives of Britain's and what way they tend. What it's 1654 01:20:17,680 --> 01:20:22,720 Speaker 12: done has hugely annoyed the United States of America. It's 1655 01:20:22,840 --> 01:20:26,000 Speaker 12: hugely annoyed one of our principal allies in the Middle East, Israel. 1656 01:20:26,920 --> 01:20:30,160 Speaker 12: And it's hugely annoyed the Jewish community, including the Board 1657 01:20:30,200 --> 01:20:34,080 Speaker 12: of Jewish Deputies in this country. And so in summation, 1658 01:20:34,280 --> 01:20:38,160 Speaker 12: it is absolutely everything you would have expected an idiot 1659 01:20:38,240 --> 01:20:41,920 Speaker 12: like David Lammy, who is God knows how our foreign 1660 01:20:41,960 --> 01:20:42,840 Speaker 12: secretary to. 1661 01:20:42,840 --> 01:20:45,120 Speaker 3: Have done good only might catch up next week. Appreciate 1662 01:20:45,120 --> 01:20:47,200 Speaker 3: it very much. Share Rod a little in Thursday morning. 1663 01:20:47,200 --> 01:20:50,559 Speaker 3: Out of the UK four seventeen to nine, as Luxon 1664 01:20:51,000 --> 01:20:54,320 Speaker 3: has sort of tweeted out over and out from Malaysia. 1665 01:20:54,360 --> 01:20:56,479 Speaker 3: This was obviously esday because he's in career at the moment. 1666 01:20:56,720 --> 01:20:59,080 Speaker 3: I saw a forecast for Korea. Funnily enough, it was 1667 01:20:59,160 --> 01:21:03,040 Speaker 3: thirty thirty three or thirty five degrees over and up 1668 01:21:03,040 --> 01:21:05,559 Speaker 3: from Malaysia. After a busy couple of days, Next up Korea. 1669 01:21:05,920 --> 01:21:11,040 Speaker 3: Who then comments on the post elon Musk no less 1670 01:21:11,360 --> 01:21:14,240 Speaker 3: have to say. I like the New New Zealand PM, 1671 01:21:14,800 --> 01:21:18,400 Speaker 3: good energy and talks directly to the public. This is 1672 01:21:18,439 --> 01:21:20,040 Speaker 3: the way, can't argue. 1673 01:21:20,080 --> 01:21:24,520 Speaker 1: Seventeen to two the Mike Asking Breakfast Full Show podcast 1674 01:21:24,680 --> 01:21:27,400 Speaker 1: on I have radio powered by News Talks at. 1675 01:21:27,280 --> 01:21:30,080 Speaker 3: B fourteen minutes away from nine. I'm reading about ACC 1676 01:21:30,200 --> 01:21:34,120 Speaker 3: yesterday and it's reminded me of my Pool saga. And 1677 01:21:34,280 --> 01:21:36,280 Speaker 3: I'm not going to tell you about my Pool saga yet, 1678 01:21:36,720 --> 01:21:42,479 Speaker 3: but it's the similar level of dysfunction so ACC. God 1679 01:21:42,520 --> 01:21:44,559 Speaker 3: only knows what it's like to deal with ACC. I've 1680 01:21:44,560 --> 01:21:46,400 Speaker 3: never I've been fortunate in my life. I've never had 1681 01:21:46,400 --> 01:21:50,559 Speaker 3: to deal with ACC. But ACC have reinstated personal case 1682 01:21:50,640 --> 01:21:54,680 Speaker 3: managers for nearly twelve and a half thousand clients and 1683 01:21:54,720 --> 01:21:57,960 Speaker 3: this is a u turn on their seventy four million 1684 01:21:58,000 --> 01:22:04,599 Speaker 3: dollar restructure. And for new clients receiving weekly compensation, they're 1685 01:22:04,640 --> 01:22:11,000 Speaker 3: giving you an individual case manager. Because gaps emerged. As 1686 01:22:11,040 --> 01:22:13,880 Speaker 3: part of their seventy four million dollar rejig, it was 1687 01:22:13,960 --> 01:22:23,800 Speaker 3: called next Generation case management. We're announcing today next Generation 1688 01:22:24,000 --> 01:22:26,400 Speaker 3: case management is going to cost seventy four million dollars 1689 01:22:26,400 --> 01:22:29,840 Speaker 3: and you won't know yourself. This was started back in 1690 01:22:29,840 --> 01:22:34,439 Speaker 3: twenty twenty. It was touted as a way to increase productivity, 1691 01:22:34,640 --> 01:22:40,120 Speaker 3: to save costs, to improve workloads, but unfortunately it was 1692 01:22:40,160 --> 01:22:43,040 Speaker 3: plagued with problems. They had a review two years after 1693 01:22:43,080 --> 01:22:45,080 Speaker 3: it started in twenty twenty and twenty twenty two, they 1694 01:22:45,120 --> 01:22:47,759 Speaker 3: had an internal review and it found that the running 1695 01:22:47,800 --> 01:22:49,519 Speaker 3: cost had almost doubled. So in fact, there wasn't a 1696 01:22:49,560 --> 01:22:51,320 Speaker 3: lot of saving going on. It's just a lot of 1697 01:22:51,360 --> 01:22:53,720 Speaker 3: spending going on because the cost had almost doubled. The 1698 01:22:53,760 --> 01:22:57,400 Speaker 3: benefits to clients. Heaven forbid we bring them into the 1699 01:22:57,400 --> 01:22:59,240 Speaker 3: equation because he gives the monkeys about the clients. For 1700 01:22:59,240 --> 01:23:01,360 Speaker 3: goodness sake that they they had a look at the clients. 1701 01:23:01,439 --> 01:23:04,679 Speaker 3: The benefits of the clients were still quote unquote unclear, 1702 01:23:05,360 --> 01:23:09,080 Speaker 3: So despite the quote unquote teething problems, the new system 1703 01:23:09,160 --> 01:23:11,120 Speaker 3: was still worth the investment. This was the a SEC 1704 01:23:11,280 --> 01:23:14,000 Speaker 3: chief executive at the time, Megan Maine. It's Megan still there. 1705 01:23:14,040 --> 01:23:17,960 Speaker 3: You reckon just a quick google see if Meghan's still there. 1706 01:23:18,000 --> 01:23:20,200 Speaker 3: You know it's well worth the investment, despite the fact 1707 01:23:20,200 --> 01:23:22,040 Speaker 3: it was costing seventy four million dollars plus all the 1708 01:23:22,080 --> 01:23:24,360 Speaker 3: extra money, the teething problems they were having and the 1709 01:23:24,400 --> 01:23:27,160 Speaker 3: stuff that was unclear anyway. Then they had another review, 1710 01:23:27,240 --> 01:23:30,040 Speaker 3: because why wouldn't you having started in twenty twenty and 1711 01:23:30,040 --> 01:23:32,320 Speaker 3: then have a lovely review in twenty twenty two. They 1712 01:23:32,360 --> 01:23:34,880 Speaker 3: had a second review in twenty three last year may 1713 01:23:34,920 --> 01:23:38,000 Speaker 3: have twenty three, and they found unfortunately it was still 1714 01:23:38,040 --> 01:23:42,679 Speaker 3: not working as intended due to quote unquote gaps between 1715 01:23:42,720 --> 01:23:47,200 Speaker 3: the quote unquote the blueprint and the delivered product. So 1716 01:23:47,240 --> 01:23:50,280 Speaker 3: in other words, it was a cockup. Now they've gone 1717 01:23:50,320 --> 01:23:52,519 Speaker 3: back now to giving you a case manager, which trains 1718 01:23:52,560 --> 01:23:54,080 Speaker 3: me back to my poll, which once again I'm not 1719 01:23:54,120 --> 01:23:55,760 Speaker 3: going to tell you the full story at but what 1720 01:23:55,920 --> 01:23:57,960 Speaker 3: happens when you deal with the council is you don't 1721 01:23:57,960 --> 01:24:00,320 Speaker 3: have a manager, you don't have a per and you 1722 01:24:00,320 --> 01:24:02,000 Speaker 3: don't have a go to. You don't have a contact. 1723 01:24:02,200 --> 01:24:03,240 Speaker 15: You don't have a Megan Maine. 1724 01:24:03,280 --> 01:24:06,400 Speaker 3: You certainly don't have a Megan Maine. She's still there. 1725 01:24:07,080 --> 01:24:09,880 Speaker 3: She's probably worth getting on. So Meghan, hey, how about 1726 01:24:09,880 --> 01:24:10,400 Speaker 3: the cock cup? 1727 01:24:11,479 --> 01:24:12,000 Speaker 2: Well, I've got you. 1728 01:24:12,000 --> 01:24:13,160 Speaker 15: Can you do anything about my pool? 1729 01:24:13,479 --> 01:24:15,719 Speaker 3: Exactly? So, you don't have when you do a pool, 1730 01:24:15,760 --> 01:24:17,559 Speaker 3: you don't have a manager. You don't have a case 1731 01:24:17,600 --> 01:24:19,760 Speaker 3: person who looks after you in any way, shape or form. 1732 01:24:19,920 --> 01:24:21,880 Speaker 3: What you do in all communications. First of all, you 1733 01:24:21,920 --> 01:24:25,519 Speaker 3: can't ring them. It's not allowed, So you must email them, 1734 01:24:25,560 --> 01:24:28,600 Speaker 3: and you email all information any questions you want to 1735 01:24:28,680 --> 01:24:31,880 Speaker 3: a pool. It's the pool email, and it sits in 1736 01:24:31,960 --> 01:24:35,080 Speaker 3: the pool for and that's not a joke, by the way. 1737 01:24:35,120 --> 01:24:37,679 Speaker 3: It's not literally a pool. It sits in the pool 1738 01:24:37,720 --> 01:24:42,960 Speaker 3: of emails for days on end until like Sue's board, 1739 01:24:43,320 --> 01:24:45,160 Speaker 3: and Sue goes, oh my, go to the pool of 1740 01:24:45,200 --> 01:24:47,640 Speaker 3: emails and see if there's one for me, pulls it 1741 01:24:47,680 --> 01:24:50,200 Speaker 3: out and that might be something she's seen before or not. 1742 01:24:50,560 --> 01:24:52,720 Speaker 3: And anyway she has oh, this is Brian's pool. This 1743 01:24:52,800 --> 01:24:56,080 Speaker 3: is interesting. He's looking after Brian's pool. Of course that 1744 01:24:56,160 --> 01:24:57,600 Speaker 3: person will be out to lunch and that we know 1745 01:24:57,680 --> 01:25:00,400 Speaker 3: it in the room. So then she goes, well, I 1746 01:25:00,400 --> 01:25:03,320 Speaker 3: haven't seen this case before. I need to go back 1747 01:25:03,320 --> 01:25:06,599 Speaker 3: to the beginning. And that's what happens over and over 1748 01:25:06,800 --> 01:25:09,840 Speaker 3: and over again, and it's exactly clearly what happened to 1749 01:25:09,920 --> 01:25:12,160 Speaker 3: acc Every time you had a claim or I wanted 1750 01:25:12,200 --> 01:25:15,280 Speaker 3: to talk to somebody, you'd ring Brian or Stephen and 1751 01:25:15,320 --> 01:25:17,920 Speaker 3: they go, well, I don't know anything about your case, mate, 1752 01:25:18,080 --> 01:25:20,080 Speaker 3: I need to go right back to the beginning here, 1753 01:25:20,080 --> 01:25:23,880 Speaker 3: and let's start from the beginning, shall we? Now? What's 1754 01:25:23,960 --> 01:25:28,479 Speaker 3: your name? And funnily enough, they've changed that back to 1755 01:25:28,479 --> 01:25:30,959 Speaker 3: the way it used to be. Nine away from nine. 1756 01:25:31,439 --> 01:25:36,880 Speaker 1: The costume breakfast with a veta retirement Communities news'd. 1757 01:25:36,240 --> 01:25:39,919 Speaker 3: Be actually speaking of the old Pierre and grocery fascination. 1758 01:25:40,240 --> 01:25:43,400 Speaker 3: This business of the Commerce Commission and the merger, I 1759 01:25:43,520 --> 01:25:45,160 Speaker 3: just don't see it happening. Do you see the food 1760 01:25:45,200 --> 01:25:47,639 Speaker 3: Stuff's merger? Food food Stuff North and food Stuff South 1761 01:25:47,640 --> 01:25:49,519 Speaker 3: want to merge. And this has been going on for 1762 01:25:49,600 --> 01:25:52,160 Speaker 3: ages for most of the year. They put out a 1763 01:25:52,160 --> 01:25:54,559 Speaker 3: preliminary report and they said they've got a bunch of problems, 1764 01:25:54,600 --> 01:25:57,160 Speaker 3: and as far as I can tell, they've still got problems. 1765 01:25:57,160 --> 01:25:59,280 Speaker 3: I just in this climate, I think the chances of 1766 01:25:59,280 --> 01:26:01,720 Speaker 3: that going ahead must be pretty close to zero. Mike 1767 01:26:01,760 --> 01:26:05,479 Speaker 3: Phizzio forty four years. It's a good job you like that, 1768 01:26:05,560 --> 01:26:08,720 Speaker 3: John forty four years. Acc has often been a night mere. 1769 01:26:08,760 --> 01:26:10,640 Speaker 3: Billions have been spent on the likes of this. It 1770 01:26:10,680 --> 01:26:14,040 Speaker 3: doesn't surprise me. It's to be honest, it just depresses 1771 01:26:14,040 --> 01:26:14,920 Speaker 3: the producers out of me. 1772 01:26:15,439 --> 01:26:15,639 Speaker 21: Mike. 1773 01:26:15,680 --> 01:26:18,559 Speaker 3: Meghan Main was in charge of the managed isolation for 1774 01:26:18,720 --> 01:26:21,680 Speaker 3: MB during COVID. Was she and Meghan look her up? 1775 01:26:21,680 --> 01:26:23,439 Speaker 3: Come on quickly, look her up? Was she in charge 1776 01:26:23,439 --> 01:26:25,200 Speaker 3: and managed isolation or not? I just want to check, 1777 01:26:25,800 --> 01:26:28,599 Speaker 3: think of fact checking. If you don't like the job, 1778 01:26:28,640 --> 01:26:31,880 Speaker 3: you can go somewhere else. Mate doesn't matter. There's plenty 1779 01:26:31,880 --> 01:26:32,880 Speaker 3: of people behind you. 1780 01:26:33,960 --> 01:26:35,800 Speaker 15: He may have been slightly distractive because I was telling 1781 01:26:35,880 --> 01:26:39,200 Speaker 15: him about being on an online chat with one New Zealand. 1782 01:26:40,040 --> 01:26:40,200 Speaker 22: Yeah. 1783 01:26:40,240 --> 01:26:42,519 Speaker 3: Well that's the next problem, isn't it. That's robot chats. 1784 01:26:42,600 --> 01:26:44,160 Speaker 3: You don't want to go down that track. Have you 1785 01:26:44,160 --> 01:26:45,960 Speaker 3: had one disappear? Little You're on a chat and you 1786 01:26:46,000 --> 01:26:48,000 Speaker 3: ask them question they vanished, person vanishes? 1787 01:26:48,120 --> 01:26:49,960 Speaker 15: Well, you don't want to be refreshing the page or 1788 01:26:49,960 --> 01:26:51,800 Speaker 15: anything like that. That's the end of your conversation, You've 1789 01:26:51,800 --> 01:26:52,800 Speaker 15: got to start all over again. 1790 01:26:52,880 --> 01:26:55,400 Speaker 3: Yeah, precisely. Where was she was she in charge? It 1791 01:26:55,520 --> 01:26:58,640 Speaker 3: was deputy chief season not Reby in charge then so 1792 01:26:58,640 --> 01:27:02,519 Speaker 3: promoted to acc to then implement that well known policy 1793 01:27:02,560 --> 01:27:05,000 Speaker 3: of twenty twenty that got reviewed in twenty twenty two 1794 01:27:05,000 --> 01:27:07,439 Speaker 3: and twenty twenty three. I'm probably Megan's probably the nicest 1795 01:27:07,439 --> 01:27:12,400 Speaker 3: person in the world. Shall we get on? I wouldn't 1796 01:27:12,400 --> 01:27:13,680 Speaker 3: know what to ask her now. I've told all the 1797 01:27:13,720 --> 01:27:21,759 Speaker 3: stories five away from trending now him as well Spring 1798 01:27:21,840 --> 01:27:24,360 Speaker 3: Frenzy sale on now surely has got to come to 1799 01:27:24,400 --> 01:27:26,320 Speaker 3: an in sooner or later. Somebody, someone's going to pull 1800 01:27:26,320 --> 01:27:29,960 Speaker 3: the plug on this nonsense night bitch. So that's a movie. 1801 01:27:30,720 --> 01:27:34,000 Speaker 3: It's based on a novel of the same name, Glenn, 1802 01:27:34,040 --> 01:27:35,920 Speaker 3: have you seen or just the promos? No, just the 1803 01:27:35,920 --> 01:27:38,559 Speaker 3: promo okay, he says, looks okay. So it's about a 1804 01:27:38,600 --> 01:27:43,759 Speaker 3: new mum whose maternal instincts start to manifest in canine form. 1805 01:27:44,479 --> 01:27:44,799 Speaker 12: Straight. 1806 01:27:45,400 --> 01:27:46,080 Speaker 18: I used to be it. 1807 01:27:46,360 --> 01:27:49,439 Speaker 2: Wow, that feels like a lifetime agos. 1808 01:27:49,720 --> 01:27:51,880 Speaker 25: Yeah, yeah, totally, definitely, we got it. 1809 01:27:52,320 --> 01:27:55,479 Speaker 6: I used to be a stripper before times. 1810 01:27:56,960 --> 01:27:59,519 Speaker 26: Each week up, I will whip your throat out. 1811 01:28:00,040 --> 01:28:05,599 Speaker 11: Hey, motherhood I'm trained and connects you to some primal urges. 1812 01:28:08,880 --> 01:28:10,479 Speaker 3: I feel like I'm stuck. 1813 01:28:10,760 --> 01:28:14,560 Speaker 2: Make up a plan, draw up a schedule. Happiness is choice. 1814 01:28:15,840 --> 01:28:22,520 Speaker 20: You're never going to be smart happy. 1815 01:28:21,840 --> 01:28:22,120 Speaker 12: Again. 1816 01:28:24,240 --> 01:28:26,400 Speaker 2: Oh and I'm pretty sure I'm turning into a dog. 1817 01:28:27,080 --> 01:28:33,679 Speaker 3: You're so funny, Amy Adams, who I quite like, and 1818 01:28:33,760 --> 01:28:35,800 Speaker 3: directed by the woman who did The Queen's Gambit, which 1819 01:28:35,840 --> 01:28:40,679 Speaker 3: I also liked. So apparently it's not supposed to be funny. 1820 01:28:41,240 --> 01:28:41,920 Speaker 3: So are you telling me? 1821 01:28:43,520 --> 01:28:45,960 Speaker 15: Well, I think it's just not supposed to be a spoof, 1822 01:28:46,360 --> 01:28:48,960 Speaker 15: you know, Okay, it's I think it's definitely funny. 1823 01:28:48,760 --> 01:28:49,920 Speaker 3: So horror with some humor. 1824 01:28:50,160 --> 01:28:53,760 Speaker 15: Yeah, watching it, I'm not. I'm still not. Even though 1825 01:28:53,800 --> 01:28:56,200 Speaker 15: I've seen the whole trailer. I still don't know whether 1826 01:28:56,240 --> 01:28:58,200 Speaker 15: she is actually turning into a dog or she just 1827 01:28:58,200 --> 01:28:59,479 Speaker 15: thinks she's turning into a dog. 1828 01:29:00,720 --> 01:29:03,840 Speaker 3: It's in cinemas sometime in September. As that designed to 1829 01:29:03,840 --> 01:29:08,599 Speaker 3: toy with people because we don't don'natething exact done. Set 1830 01:29:08,640 --> 01:29:12,519 Speaker 3: aside all of December just you don't want to miss. 1831 01:29:12,280 --> 01:29:14,080 Speaker 15: Say, I always sit aside December in case. 1832 01:29:15,439 --> 01:29:19,200 Speaker 3: You just never know. Back tomorrow for the Friday morning edition. 1833 01:29:19,240 --> 01:29:20,920 Speaker 3: It's hard to believe. It's tends to be a bit 1834 01:29:20,960 --> 01:29:24,639 Speaker 3: loose on a Friday. I'm just sitting here thinking Weld 1835 01:29:24,720 --> 01:29:27,519 Speaker 3: knows what's going to happen. Back tomorrow from six Happy Days, 1836 01:29:28,040 --> 01:29:30,560 Speaker 3: Oh aren't You? I need you, Olka. 1837 01:29:32,600 --> 01:29:39,160 Speaker 1: Need It's beautiful season. For more from the mic Asking Breakfast, 1838 01:29:39,320 --> 01:29:42,680 Speaker 1: listen live to news talks it'd be from six am weekdays, 1839 01:29:42,880 --> 01:29:44,920 Speaker 1: or follow the podcast on iHeartRadio.