1
00:00:01,120 --> 00:00:04,440
Speaker 1: Setting the news agenda and digging into the issues. The

2
00:00:04,720 --> 00:00:09,120
Speaker 1: Mike Hosking Breakfast with Jaguar, The Art of Performance News Talk.

3
00:00:09,039 --> 00:00:11,000
Speaker 2: Sad be Morning and welcome today. The Board of Health

4
00:00:11,080 --> 00:00:13,399
Speaker 2: New Zealand sack the commissioners in to try and dig

5
00:00:13,440 --> 00:00:16,079
Speaker 2: through the layers and layers and layers and layers of

6
00:00:16,120 --> 00:00:18,000
Speaker 2: management the PM and a former board chair on that.

7
00:00:18,120 --> 00:00:20,640
Speaker 2: We talked to a top Republican strategist on how they

8
00:00:20,680 --> 00:00:22,919
Speaker 2: handle Harris and can they handle Harris given we don't

9
00:00:22,920 --> 00:00:25,440
Speaker 2: know it's actually Harris has yet. Mark Gilbert, by the way,

10
00:00:25,440 --> 00:00:28,760
Speaker 2: good friend of the Bidens and Harris, former US Ambassador

11
00:00:28,800 --> 00:00:31,960
Speaker 2: to New Zealand with us after eight o'clock. Mark Robinson

12
00:00:32,000 --> 00:00:34,159
Speaker 2: of the NSID are on whether San Diego is a hit,

13
00:00:34,200 --> 00:00:36,400
Speaker 2: Catherine Field in Paris where the hotels are empty, and

14
00:00:36,479 --> 00:00:40,199
Speaker 2: rob Little does the UK for US. Hosking, Welcome to

15
00:00:40,400 --> 00:00:42,920
Speaker 2: the day. Seven past six. Media outlets around the world

16
00:00:43,040 --> 00:00:45,800
Speaker 2: rolled out the predictable article yesterday post the announcement with

17
00:00:45,840 --> 00:00:49,280
Speaker 2: the headline who is Carmela Harris? They rolled out the

18
00:00:49,280 --> 00:00:51,400
Speaker 2: same article you might remember several years ago when she

19
00:00:51,440 --> 00:00:53,840
Speaker 2: got picked as VP as well. Depending on whether those

20
00:00:53,920 --> 00:00:56,560
Speaker 2: articles are applicable in America depends a little bit on

21
00:00:56,640 --> 00:00:59,560
Speaker 2: whether she can now go on and win. The VP

22
00:00:59,680 --> 00:01:02,240
Speaker 2: of Core isn't really a thing. I mean, they say

23
00:01:02,240 --> 00:01:04,200
Speaker 2: it is, but Mike Pence was a good example before

24
00:01:04,280 --> 00:01:07,440
Speaker 2: Karmala Harris that really it's a figurehead job. Yes, your

25
00:01:07,880 --> 00:01:10,400
Speaker 2: one heart beat away from the presidency, but no one

26
00:01:10,440 --> 00:01:13,480
Speaker 2: honestly expects that to mean anything except in the Harris case.

27
00:01:13,520 --> 00:01:16,360
Speaker 2: You remember, she was meant to be something. She was

28
00:01:16,440 --> 00:01:19,640
Speaker 2: meant to be the replacement when Joe bailed either at

29
00:01:19,640 --> 00:01:21,440
Speaker 2: the end of the first term or anointed her at

30
00:01:21,480 --> 00:01:23,720
Speaker 2: the start of the second. She was the succession plan

31
00:01:23,800 --> 00:01:26,240
Speaker 2: because Biden's job was to beat Trump and then retire.

32
00:01:26,680 --> 00:01:29,160
Speaker 2: The reason that never came to pass was Harris turned

33
00:01:29,160 --> 00:01:30,959
Speaker 2: out to be a dud. And the problem with that

34
00:01:31,200 --> 00:01:33,440
Speaker 2: is the job she never got handed on merit. She

35
00:01:33,520 --> 00:01:36,440
Speaker 2: now potentially gets handed by default. So the question is

36
00:01:36,760 --> 00:01:39,479
Speaker 2: can she run on a record that isn't Biden, given

37
00:01:39,520 --> 00:01:42,640
Speaker 2: she is inextricably linked to the administration, or does she

38
00:01:42,840 --> 00:01:45,480
Speaker 2: sink because of it? How much of Biden's lack of

39
00:01:45,520 --> 00:01:47,960
Speaker 2: support was because he was old and befuddled? How much

40
00:01:47,960 --> 00:01:50,480
Speaker 2: did Americans not see the good stuff in the economy

41
00:01:50,520 --> 00:01:53,040
Speaker 2: because of Biden, and maybe they can now see it

42
00:01:53,160 --> 00:01:56,520
Speaker 2: under Harris. Is Harris so much better known than any

43
00:01:56,560 --> 00:01:59,160
Speaker 2: of the other possibilities like Newsom or Whitmer that she

44
00:01:59,280 --> 00:02:01,560
Speaker 2: has too much of an inn built advantage to risk

45
00:02:01,720 --> 00:02:05,040
Speaker 2: a real, unknown, very real question, even though many would

46
00:02:05,080 --> 00:02:08,800
Speaker 2: argue it shouldn't be, is the Clinton question? Is America

47
00:02:08,880 --> 00:02:12,200
Speaker 2: ready for a female president? Did Clinton lose because she

48
00:02:12,280 --> 00:02:15,320
Speaker 2: was a woman a Clinton or because Trump was better?

49
00:02:15,639 --> 00:02:18,040
Speaker 2: These are all live questions. Upside as the big money

50
00:02:18,040 --> 00:02:20,040
Speaker 2: you're starting to flow for Harris that wasn't for Biden.

51
00:02:20,120 --> 00:02:22,320
Speaker 2: She knows how the White House works the others don't,

52
00:02:22,520 --> 00:02:25,600
Speaker 2: and she might might be able to grow the Democratic

53
00:02:25,639 --> 00:02:27,920
Speaker 2: turnout from those who would have stayed at home because

54
00:02:27,919 --> 00:02:30,680
Speaker 2: Biden was too old to take seriously. Also, none of

55
00:02:30,680 --> 00:02:33,240
Speaker 2: the others are so obviously better than her that you

56
00:02:33,280 --> 00:02:36,680
Speaker 2: can't go past them, So you can make a case

57
00:02:36,720 --> 00:02:40,440
Speaker 2: for her. But make no mistake, this is now and

58
00:02:40,480 --> 00:02:42,440
Speaker 2: still is Trump's to lose.

59
00:02:44,400 --> 00:02:46,800
Speaker 3: News of the world in ninety second now.

60
00:02:46,840 --> 00:02:48,920
Speaker 2: There was much anticipation, in fact, about an hour ago,

61
00:02:48,960 --> 00:02:52,560
Speaker 2: that Carmela was going to break cover, as the tabloids say,

62
00:02:52,600 --> 00:02:54,160
Speaker 2: and get in front of some people and say something

63
00:02:54,280 --> 00:02:57,240
Speaker 2: dramatic like, hey, how about Joe and me becoming the president?

64
00:02:57,320 --> 00:02:58,320
Speaker 2: But she didn't.

65
00:02:58,440 --> 00:03:03,840
Speaker 4: I am first had wet that every day our President

66
00:03:03,880 --> 00:03:07,720
Speaker 4: Joe Biden fights for the American people and we are deeply,

67
00:03:07,840 --> 00:03:10,560
Speaker 4: deeply grateful for his service to our nation.

68
00:03:13,840 --> 00:03:16,600
Speaker 2: Yeah, okay, but what she has done is get that

69
00:03:16,639 --> 00:03:18,720
Speaker 2: money flying. As I say, and some dames like shift

70
00:03:18,760 --> 00:03:21,120
Speaker 2: super excited. I haven't seen this kind of excitement in

71
00:03:21,160 --> 00:03:23,359
Speaker 2: the Democratic Party in quite a long time.

72
00:03:24,160 --> 00:03:26,280
Speaker 3: This is a concredible matchup.

73
00:03:26,360 --> 00:03:30,520
Speaker 2: We've got a former prosecutor running against a convicted fell

74
00:03:30,560 --> 00:03:32,320
Speaker 2: and that's the big line for this rice. Of course,

75
00:03:32,360 --> 00:03:35,200
Speaker 2: this blok wasn't too impress tho. She's not a competent person.

76
00:03:35,800 --> 00:03:37,040
Speaker 3: She shouldn't be presidental.

77
00:03:37,080 --> 00:03:39,080
Speaker 5: I mean, she's being left at all over the world.

78
00:03:39,240 --> 00:03:40,840
Speaker 2: Then we come to the other business on the hill

79
00:03:40,840 --> 00:03:42,840
Speaker 2: where the lower micros back in town. It's a Monday.

80
00:03:42,920 --> 00:03:45,080
Speaker 2: They want some monsters from the head of the Secret Service.

81
00:03:45,160 --> 00:03:47,720
Speaker 6: We do have a no fail mission, and our folks

82
00:03:47,920 --> 00:03:50,480
Speaker 6: are tasked with that every day, three hundred and sixty

83
00:03:50,480 --> 00:03:52,240
Speaker 6: five days of the year. But I can tell you

84
00:03:52,280 --> 00:03:54,960
Speaker 6: I've also taken a number of measures since I've been

85
00:03:55,000 --> 00:03:59,160
Speaker 6: the director to recruit and retain and stem the tide

86
00:03:59,160 --> 00:04:00,440
Speaker 6: of attrition in our agency.

87
00:04:00,840 --> 00:04:03,080
Speaker 2: The Dems were trying to run some sort of interference for.

88
00:04:03,120 --> 00:04:08,520
Speaker 7: Her thirty six regular client. You've got that you protect constantly.

89
00:04:09,200 --> 00:04:12,280
Speaker 7: But I was participating in the NATO summit just two

90
00:04:12,280 --> 00:04:15,400
Speaker 7: weeks ago. We had thirty two has a government and

91
00:04:15,520 --> 00:04:18,200
Speaker 7: has a state, plus visiting has a state and has

92
00:04:18,240 --> 00:04:21,720
Speaker 7: a government. Presumably you provided protection for all.

93
00:04:21,640 --> 00:04:23,920
Speaker 2: Of them, that is correct, and not a single one

94
00:04:23,960 --> 00:04:26,200
Speaker 2: got shot. So good day of the office. And then

95
00:04:26,240 --> 00:04:28,600
Speaker 2: we come to Bangladesh where despite the courts backing down,

96
00:04:28,640 --> 00:04:30,600
Speaker 2: the fallout from the carriage and the protests are still

97
00:04:30,600 --> 00:04:36,040
Speaker 2: being filled. My nephew was an innocent child. Why did

98
00:04:36,040 --> 00:04:38,799
Speaker 2: they kill him in such a brutal way. Finally, Venice

99
00:04:38,839 --> 00:04:40,680
Speaker 2: is claiming a win for the tourism tax, so the

100
00:04:40,839 --> 00:04:43,160
Speaker 2: five euro entrance fee was tested for a month. You

101
00:04:43,240 --> 00:04:45,680
Speaker 2: might remember, brought in a bit over four million when

102
00:04:45,680 --> 00:04:47,320
Speaker 2: it was expected to bring him just over one point

103
00:04:47,360 --> 00:04:49,560
Speaker 2: two million, So that's the good side. Tourist numbers didn't

104
00:04:49,600 --> 00:04:52,640
Speaker 2: drop dramatically, no surprise there, which was the goal. But

105
00:04:52,720 --> 00:04:54,680
Speaker 2: over the twenty nine day test they never hit a

106
00:04:54,720 --> 00:04:57,760
Speaker 2: peak attendance day. I never broke that record number of

107
00:04:57,760 --> 00:04:59,960
Speaker 2: people coming on the weekend increase during the trial period.

108
00:05:00,080 --> 00:05:01,520
Speaker 2: So the mayor says, the plan now is to work

109
00:05:01,560 --> 00:05:05,159
Speaker 2: out what busy periods they're going to reinstated for. Here's

110
00:05:05,200 --> 00:05:09,040
Speaker 2: the world of moment. Yeah, CrowdStrike. They're probably grateful that

111
00:05:09,440 --> 00:05:12,720
Speaker 2: they've got a little bit of cover from the Secret Service,

112
00:05:13,040 --> 00:05:15,760
Speaker 2: from Biden, from Harris, from the whole mess. But the

113
00:05:16,080 --> 00:05:18,200
Speaker 2: lawyers are circling. They've started to put a figure on this.

114
00:05:18,279 --> 00:05:20,400
Speaker 2: They think the CrowdStrike mess globally is going to top

115
00:05:20,400 --> 00:05:23,599
Speaker 2: a billion quote unquote. If you're a lawyer for CrowdStrike,

116
00:05:23,600 --> 00:05:26,000
Speaker 2: you're probably not going to enjoy the rest of summer.

117
00:05:26,440 --> 00:05:29,040
Speaker 2: I think that's an understatement. And being once again America

118
00:05:29,200 --> 00:05:33,560
Speaker 2: and a Monday, the Guggenheim Securities people have downgraded their

119
00:05:33,600 --> 00:05:36,679
Speaker 2: stock signings could be affected, no kidding, shares of slip

120
00:05:36,720 --> 00:05:38,320
Speaker 2: thirteen percent. Twelve past six.

121
00:05:40,120 --> 00:05:42,120
Speaker 3: The Mike hosting Breakfast.

122
00:05:41,760 --> 00:05:43,719
Speaker 2: Imported to catch up with Rod later on this morning.

123
00:05:43,720 --> 00:05:46,080
Speaker 2: Because as part of the politics of the new government,

124
00:05:46,080 --> 00:05:49,839
Speaker 2: of course, they've scrapped the Rwanda thing, illegal immigration. Send

125
00:05:49,839 --> 00:05:52,559
Speaker 2: them all up to Rwanda, they claim. Now the Tories

126
00:05:52,600 --> 00:05:56,359
Speaker 2: we're going to spend twenty billion dollars making that happen.

127
00:05:56,400 --> 00:06:00,800
Speaker 2: So more on that. Later fifteen past six, we found

128
00:06:00,839 --> 00:06:03,720
Speaker 2: from jam I Well Andrew kelliher good morning.

129
00:06:04,080 --> 00:06:06,520
Speaker 8: Happy to be back to Mike, Happy to be back.

130
00:06:06,600 --> 00:06:07,599
Speaker 2: How is Byron Bay?

131
00:06:08,320 --> 00:06:10,160
Speaker 8: It was wonderful, It was fantastic.

132
00:06:10,200 --> 00:06:13,919
Speaker 9: There's an air of optimism and you know, some of

133
00:06:13,960 --> 00:06:16,400
Speaker 9: the things you don't get here at the moment.

134
00:06:16,320 --> 00:06:18,839
Speaker 2: Good stuff. I hope you had a good time. Vida

135
00:06:18,960 --> 00:06:21,200
Speaker 2: Is it a go? Is it a cell? They recommend it,

136
00:06:21,200 --> 00:06:23,200
Speaker 2: they seem to like it, they seem.

137
00:06:23,000 --> 00:06:23,320
Speaker 3: To like you.

138
00:06:23,440 --> 00:06:24,800
Speaker 9: I go away for a week, Mike and the New

139
00:06:24,839 --> 00:06:27,640
Speaker 9: Zealand chair Mike has just sprung back into life. There's

140
00:06:27,640 --> 00:06:30,039
Speaker 9: actually activity going on. So yeah, let's talk about our Vida.

141
00:06:30,640 --> 00:06:33,080
Speaker 9: I maybe not as well known as the Rymands and

142
00:06:33,120 --> 00:06:35,919
Speaker 9: the Somersets of the retirement sector, but look it is

143
00:06:35,920 --> 00:06:38,600
Speaker 9: a significant player. It's listed on the internetx that has

144
00:06:38,640 --> 00:06:42,279
Speaker 9: been listed for ten years and it boasts thirty five

145
00:06:42,360 --> 00:06:45,479
Speaker 9: communities throughout New Zealand with a bias sort of age

146
00:06:45,560 --> 00:06:48,400
Speaker 9: care as opposed to as a retirement village. And Mike,

147
00:06:48,440 --> 00:06:50,480
Speaker 9: this has been a tough sector though, hasn't it. You know,

148
00:06:50,720 --> 00:06:53,920
Speaker 9: particularly the retirement village sector, which is affected by the

149
00:06:54,440 --> 00:06:57,000
Speaker 9: health of the residential property sector because if you want

150
00:06:57,040 --> 00:06:58,760
Speaker 9: to buy yourself a retirement unit, you need to tell

151
00:06:58,800 --> 00:06:59,160
Speaker 9: your house.

152
00:06:59,800 --> 00:07:02,719
Speaker 8: So it's a sect to where the listed companies have seen.

153
00:07:02,560 --> 00:07:06,560
Speaker 9: Their share prices under pressure and what happens inevitably when

154
00:07:06,560 --> 00:07:09,840
Speaker 9: share prices get to a point that they attract capital

155
00:07:09,880 --> 00:07:12,720
Speaker 9: because there is a price for everything, Mike, as we know.

156
00:07:12,840 --> 00:07:12,960
Speaker 8: So.

157
00:07:13,680 --> 00:07:18,280
Speaker 9: But despite this is despite the attraction Vida has attracted

158
00:07:18,280 --> 00:07:20,480
Speaker 9: the couple despite a couple of years a week earnings

159
00:07:20,480 --> 00:07:24,000
Speaker 9: because in Alvida's view, age care needs more government funding.

160
00:07:24,840 --> 00:07:25,040
Speaker 8: Look.

161
00:07:25,240 --> 00:07:28,000
Speaker 9: Alvida have previously batted away a takeover approach that was

162
00:07:28,040 --> 00:07:32,080
Speaker 9: in December twenty twenty three that then prompted a strategic

163
00:07:32,160 --> 00:07:34,280
Speaker 9: review from management in the board. They were looking to

164
00:07:34,280 --> 00:07:37,760
Speaker 9: present a range of options to realize value for the shareholders.

165
00:07:37,840 --> 00:07:40,560
Speaker 9: Yesterday that was announcement on the insidets that the board

166
00:07:40,720 --> 00:07:45,160
Speaker 9: was unanimously recommending that shareholders accept a takeover bid coming

167
00:07:45,160 --> 00:07:48,080
Speaker 9: from a company called Stone Peak. It was priced of

168
00:07:48,160 --> 00:07:51,960
Speaker 9: dollars seventy That is a very healthy premium to where

169
00:07:51,960 --> 00:07:55,480
Speaker 9: the share pass last share price last traded, which is

170
00:07:55,520 --> 00:07:58,920
Speaker 9: a sixty five percent premium values are Vida well over

171
00:07:58,960 --> 00:07:59,800
Speaker 9: a billion dollars.

172
00:08:00,080 --> 00:08:01,120
Speaker 8: It's not chump change.

173
00:08:01,240 --> 00:08:03,400
Speaker 9: Look, it's given a boost to the whole Secretor if

174
00:08:03,440 --> 00:08:06,240
Speaker 9: I look at other operators, Somer sets up one and

175
00:08:06,280 --> 00:08:08,520
Speaker 9: a half percent, Yes, so their share price, Rhyman up

176
00:08:08,600 --> 00:08:12,720
Speaker 9: seven and a half percent, Oceani another smaller up eighteen percent,

177
00:08:13,200 --> 00:08:14,160
Speaker 9: loot Stone peak Mike.

178
00:08:14,240 --> 00:08:16,080
Speaker 8: I don't really don't know an awful lot about them.

179
00:08:16,080 --> 00:08:18,600
Speaker 9: Their New York base, They've got offices around the world,

180
00:08:18,680 --> 00:08:22,360
Speaker 9: including in Sydney, but they are big, over seventy.

181
00:08:22,080 --> 00:08:24,880
Speaker 8: Billion dollars worth of basis under management. Mike. It's what's

182
00:08:24,880 --> 00:08:26,040
Speaker 8: called a scheme of.

183
00:08:26,120 --> 00:08:29,320
Speaker 9: Arrangement, so there's quite a lot of process involved to

184
00:08:29,440 --> 00:08:33,560
Speaker 9: get the bid through to its conclusion, including regulatory approval.

185
00:08:33,840 --> 00:08:36,080
Speaker 9: I'd give it a reasonable chance of success, though, I

186
00:08:36,080 --> 00:08:38,880
Speaker 9: think shareholders will be attracted by that premium, but it

187
00:08:38,880 --> 00:08:39,760
Speaker 9: will take a little while.

188
00:08:40,160 --> 00:08:41,400
Speaker 8: This won't happen overnight.

189
00:08:41,480 --> 00:08:43,600
Speaker 2: And then the other thing, Sir Stephen Tindall loves the

190
00:08:43,640 --> 00:08:45,400
Speaker 2: warehouse so much he wants to have another crack.

191
00:08:45,840 --> 00:08:47,880
Speaker 9: Is that on set back well, or he wants to

192
00:08:47,920 --> 00:08:50,760
Speaker 9: see the share price higher. Then you have got You've

193
00:08:50,760 --> 00:08:53,560
Speaker 9: got the warehouse and play. Now, it's not unsurprising, Mike.

194
00:08:53,640 --> 00:08:55,880
Speaker 9: It's not the only company on the ENZ and X

195
00:08:55,880 --> 00:08:58,920
Speaker 9: where speculation has been bubbling under the surface. You've got

196
00:08:58,920 --> 00:09:01,960
Speaker 9: companies that are pretty poor share price performance. So yesterday

197
00:09:01,960 --> 00:09:04,559
Speaker 9: we've got an industring and maybe a little unusual announcement.

198
00:09:04,920 --> 00:09:08,480
Speaker 9: Warehouse issued a don't sell notice to shareholders. Let's be

199
00:09:08,559 --> 00:09:11,320
Speaker 9: clear about one thing though. There is no official bid

200
00:09:11,320 --> 00:09:14,640
Speaker 9: for the company, but the announcement revealed that the Warehouse

201
00:09:14,720 --> 00:09:18,080
Speaker 9: received has received an approach from Sirs Stephen Tyndall and

202
00:09:18,200 --> 00:09:22,239
Speaker 9: private equity firm adaman Ten Capital in relation to potential

203
00:09:22,320 --> 00:09:25,440
Speaker 9: interest in acquiring its shares. So the company or the

204
00:09:25,480 --> 00:09:28,720
Speaker 9: directors have advised people not to sell, pending further advice

205
00:09:28,760 --> 00:09:31,480
Speaker 9: from said directors. Now, this all follows a report in

206
00:09:31,520 --> 00:09:34,760
Speaker 9: Australia and the Australian media that something is brewing. So

207
00:09:35,320 --> 00:09:37,439
Speaker 9: something's happening in the background, we just don't have any

208
00:09:37,440 --> 00:09:41,160
Speaker 9: concrete information on it. Sirs Stephen Tindall, obviously, for people

209
00:09:41,160 --> 00:09:43,199
Speaker 9: out there that don't know, is the original founder of

210
00:09:43,240 --> 00:09:45,880
Speaker 9: the Warehouse Group back in nineteen eighty two on.

211
00:09:45,800 --> 00:09:46,760
Speaker 8: The Sunny North Shore.

212
00:09:46,840 --> 00:09:51,200
Speaker 9: Now, interests associated with Sirs Stephen, including the Tendall Foundation

213
00:09:51,679 --> 00:09:54,240
Speaker 9: own just under fifty percent of the shares in the warehouse,

214
00:09:54,440 --> 00:09:57,120
Speaker 9: so they are fairly committed to this business. The share

215
00:09:57,160 --> 00:10:00,800
Speaker 9: price has recently fallen to under a dollar and twenty

216
00:10:00,840 --> 00:10:02,800
Speaker 9: twenty one it did peak over four dollars. That they've

217
00:10:02,800 --> 00:10:05,640
Speaker 9: had week operational performance. They're in the middle of restructure.

218
00:10:05,960 --> 00:10:09,000
Speaker 9: They've been shedding assets, so it's not unusual that something

219
00:10:09,040 --> 00:10:10,800
Speaker 9: has happened because the chepa's got so low.

220
00:10:11,000 --> 00:10:12,000
Speaker 8: Who are ad a Man ten.

221
00:10:12,320 --> 00:10:15,480
Speaker 9: They're an Australian private equity group. They remember hellas the

222
00:10:15,600 --> 00:10:16,200
Speaker 9: South Poland.

223
00:10:16,400 --> 00:10:17,760
Speaker 8: Yeah, they were involved with Heller's.

224
00:10:18,280 --> 00:10:20,360
Speaker 9: Look, we've got to watch the space surface jump twenty

225
00:10:20,400 --> 00:10:22,760
Speaker 9: five percent yesterday, but we've clearly got to wait and

226
00:10:22,800 --> 00:10:26,400
Speaker 9: see what happens. But potentially, Mike, you've got another couple

227
00:10:26,440 --> 00:10:28,840
Speaker 9: of companies that could leave the inside acts and so

228
00:10:28,960 --> 00:10:30,480
Speaker 9: that is the negative side of this.

229
00:10:30,600 --> 00:10:35,080
Speaker 2: Right numbers, Please, it's all looking wonderful out there.

230
00:10:35,120 --> 00:10:37,800
Speaker 8: So I go away and things just go up? Is

231
00:10:37,840 --> 00:10:39,400
Speaker 8: there a message in that anyway?

232
00:10:39,559 --> 00:10:42,160
Speaker 9: The Dow Jones is up seventy seven points forty three

233
00:10:42,240 --> 00:10:44,600
Speaker 9: hundred and sixty three. The S and P five hundred

234
00:10:44,600 --> 00:10:47,240
Speaker 9: is up over one percent overnight, up fifty seven points

235
00:10:47,520 --> 00:10:50,280
Speaker 9: five five sixty two and the Nasak storming up one

236
00:10:50,280 --> 00:10:54,000
Speaker 9: point seven percent. It's over eighteen thy eighteen twenty six.

237
00:10:54,400 --> 00:10:56,800
Speaker 9: The fort two one hundred gained over half percent overnight

238
00:10:56,880 --> 00:10:59,960
Speaker 9: eight one nine eight. The Niket was down just over

239
00:11:00,080 --> 00:11:02,800
Speaker 9: one percent thirty nine thousand, five hundred and ninety nine,

240
00:11:02,920 --> 00:11:04,760
Speaker 9: showing her composite to ninety six four.

241
00:11:04,800 --> 00:11:05,600
Speaker 8: It was down eighteen.

242
00:11:06,000 --> 00:11:08,880
Speaker 9: The Assis yesterday lost half a percent, down forty points

243
00:11:09,120 --> 00:11:11,079
Speaker 9: seven nine to three to one, and the Inzac's closed

244
00:11:11,080 --> 00:11:14,160
Speaker 9: at twelve thousand, three hundred and nine down points one

245
00:11:14,200 --> 00:11:17,559
Speaker 9: three percent. Kimi dollar is weaker. That's because we think

246
00:11:17,600 --> 00:11:20,920
Speaker 9: intrastrcts might come down. It's at point five nine seven

247
00:11:20,960 --> 00:11:24,000
Speaker 9: eight against the US, point eight nine nine nine against

248
00:11:24,000 --> 00:11:26,320
Speaker 9: the Aussie, point five four eight nine against the Euro,

249
00:11:26,600 --> 00:11:29,480
Speaker 9: point four six two six pounds ninety three point ninety

250
00:11:29,480 --> 00:11:32,000
Speaker 9: five against the Japanese. End gold is training at two thousand,

251
00:11:32,320 --> 00:11:34,720
Speaker 9: three hundred and ninety three dollars in Brent crewed eighty

252
00:11:34,720 --> 00:11:36,640
Speaker 9: two dollars and twenty five cents.

253
00:11:36,760 --> 00:11:38,920
Speaker 2: Good to have you back, Andrew kellaher Jmiwealth dot Co

254
00:11:39,040 --> 00:11:42,680
Speaker 2: dot m z Rosky. The bag are show once every

255
00:11:42,679 --> 00:11:43,920
Speaker 2: couple of years. I work you through that in a

256
00:11:43,920 --> 00:11:46,360
Speaker 2: couple of minutes because it's interesting. But Korean Air have

257
00:11:46,440 --> 00:11:49,200
Speaker 2: opened orders with Boeing no less, so they will be

258
00:11:49,280 --> 00:11:52,520
Speaker 2: absolutely wetting their pants with excitement given their problems. So

259
00:11:52,679 --> 00:11:54,800
Speaker 2: Korean Air want a mix of the seven eight seven

260
00:11:54,840 --> 00:11:56,839
Speaker 2: Dreamliners and the new Triple seven Ex's, which is the

261
00:11:56,880 --> 00:11:58,800
Speaker 2: long range stuff they have and actually got out yet

262
00:11:58,880 --> 00:12:01,600
Speaker 2: vote of confidence. The bloke who runs Korean says, if

263
00:12:01,640 --> 00:12:03,679
Speaker 2: I wasn't assured, I wouldn't have ordered. So that's a

264
00:12:03,720 --> 00:12:05,839
Speaker 2: nice start of the day. Six twenty one. Here a

265
00:12:05,960 --> 00:12:07,360
Speaker 2: news talk SeeDB.

266
00:12:11,360 --> 00:12:12,760
Speaker 3: The Mic Hosking Breakfast.

267
00:12:13,480 --> 00:12:15,200
Speaker 2: So things are moving if you think it's just twenty

268
00:12:15,240 --> 00:12:17,599
Speaker 2: four hours ago that Biden quit. So we got the

269
00:12:17,600 --> 00:12:20,360
Speaker 2: Pelosi endorsement just an hour or so ago. We still

270
00:12:20,360 --> 00:12:23,040
Speaker 2: don't have the Obama endorsement. What about Hakeem Jefferies.

271
00:12:23,160 --> 00:12:29,640
Speaker 10: Vice President. Kamala Harris has excited the community, she's excited

272
00:12:30,040 --> 00:12:36,400
Speaker 10: the House Democratic Caucus, and she's exciting the country. And

273
00:12:36,440 --> 00:12:38,240
Speaker 10: so I'm looking forward to sitting down with her in

274
00:12:38,360 --> 00:12:42,240
Speaker 10: person in short order with Leader Schumer, and we'll have

275
00:12:42,320 --> 00:12:45,240
Speaker 10: more to say about the path forward as soon as

276
00:12:45,280 --> 00:12:45,600
Speaker 10: that meeting.

277
00:12:47,080 --> 00:12:51,440
Speaker 1: Trending now with the chemist Wells keeping Kiwi's healthy all

278
00:12:51,559 --> 00:12:52,080
Speaker 1: year round.

279
00:12:52,480 --> 00:12:54,840
Speaker 2: Not quite yet, Ryan Riddles, Hugh Jackman. They've been on

280
00:12:54,840 --> 00:12:57,640
Speaker 2: the BBC where they played this weird game called unpopular Opinion.

281
00:12:57,679 --> 00:13:00,760
Speaker 2: Guests ring up and give the opinion for consideration. A

282
00:13:00,760 --> 00:13:04,480
Speaker 2: woman rang up and said dog Treats tasted good. Sid

283
00:13:04,480 --> 00:13:07,320
Speaker 2: dead Pool and Wolverine should have been a musical. It's

284
00:13:07,440 --> 00:13:10,320
Speaker 2: that kind of fun. So then the lads get to

285
00:13:10,440 --> 00:13:12,160
Speaker 2: have a crack huge.

286
00:13:12,160 --> 00:13:15,199
Speaker 11: Surely you've got surely you've got a cricketing unpopular opinion.

287
00:13:15,280 --> 00:13:17,640
Speaker 3: I'll say something unpopular please.

288
00:13:17,960 --> 00:13:18,800
Speaker 8: I love basball?

289
00:13:19,120 --> 00:13:19,400
Speaker 11: Wow?

290
00:13:19,679 --> 00:13:19,920
Speaker 3: Yep?

291
00:13:20,280 --> 00:13:23,320
Speaker 7: Do they call it basball in Australia.

292
00:13:23,400 --> 00:13:25,800
Speaker 2: Everyone everyone will understand.

293
00:13:25,800 --> 00:13:29,000
Speaker 12: But it's a very aggressive, positive way of playing the game,

294
00:13:29,120 --> 00:13:32,439
Speaker 12: so going for a result, always no drawers for it. Yeah,

295
00:13:32,480 --> 00:13:35,000
Speaker 12: and England have sort of been the ones behind it

296
00:13:35,280 --> 00:13:37,320
Speaker 12: and it's been awesome because Australia kid, it's.

297
00:13:37,160 --> 00:13:37,839
Speaker 8: A cricket but.

298
00:13:39,760 --> 00:13:42,160
Speaker 2: You couldn't resist coming.

299
00:13:42,200 --> 00:13:43,320
Speaker 3: There's always a kiss and the desk.

300
00:13:43,360 --> 00:13:44,800
Speaker 2: The kiss always followed by the desks.

301
00:13:45,440 --> 00:13:46,320
Speaker 3: Now I'm a fan.

302
00:13:46,840 --> 00:13:50,000
Speaker 2: Okay, so he's a fan. Apparently. I read a review

303
00:13:50,000 --> 00:13:52,520
Speaker 2: this morning. It's in the Herald. They're very good together

304
00:13:53,160 --> 00:13:55,000
Speaker 2: still to come on the programme, bred Olson. They've done

305
00:13:55,000 --> 00:13:58,120
Speaker 2: some interesting I will ask him because is there a

306
00:13:58,160 --> 00:14:01,199
Speaker 2: conflict of interest Bradley and for me Tricks has done

307
00:14:01,240 --> 00:14:04,720
Speaker 2: some work on AIRB and B as commissioned by AIRB

308
00:14:04,840 --> 00:14:08,240
Speaker 2: and B. So hang on here, Bradley. Anyway, they've worked

309
00:14:08,240 --> 00:14:10,960
Speaker 2: out that Airbnb is not affecting the property market in

310
00:14:11,000 --> 00:14:13,400
Speaker 2: the way that you might suspect. So many people say, well,

311
00:14:13,480 --> 00:14:15,720
Speaker 2: you know, supplies an issue because everyone's but Airbn being

312
00:14:15,760 --> 00:14:18,120
Speaker 2: their house. Are rent an issue because everyone's airb and

313
00:14:18,160 --> 00:14:20,040
Speaker 2: being the house and that affects supply, et cetera. Not

314
00:14:20,160 --> 00:14:22,400
Speaker 2: so is the word. We also need to look at

315
00:14:22,400 --> 00:14:24,800
Speaker 2: the big sacking yesterday of the board. Was anyone left

316
00:14:24,800 --> 00:14:26,920
Speaker 2: on the border that all wandered off? Anyway, the bloke

317
00:14:26,920 --> 00:14:28,960
Speaker 2: who was the chair of the board, Lester Levy, who

318
00:14:28,960 --> 00:14:31,760
Speaker 2: has been around Health forever, he's now the commissioner and

319
00:14:31,800 --> 00:14:34,120
Speaker 2: he's in charge of working his way through the layers.

320
00:14:34,160 --> 00:14:36,920
Speaker 2: He'll need crampons and night lights and everything to get

321
00:14:36,920 --> 00:14:39,800
Speaker 2: through that loss and try and get health thirty billion

322
00:14:39,840 --> 00:14:42,200
Speaker 2: dollars worth of health business in this country. Anyway, he's

323
00:14:42,200 --> 00:14:44,920
Speaker 2: with us after seven o'clock meantime, the news is next

324
00:14:45,080 --> 00:14:47,600
Speaker 2: air ad Newstalk SAIDB, you're.

325
00:14:47,440 --> 00:14:51,440
Speaker 1: Trusted home for news for its entertainment's opinion and fighting

326
00:14:51,560 --> 00:14:55,200
Speaker 1: a my Hosking breakfast with Bailey's real estate doing real

327
00:14:55,320 --> 00:14:57,760
Speaker 1: estate differently since nineteen seventy three.

328
00:14:57,880 --> 00:14:58,680
Speaker 3: News Talk said, B.

329
00:14:58,840 --> 00:15:00,720
Speaker 2: I've got JD on the care campaign trial.

330
00:15:00,800 --> 00:15:02,960
Speaker 3: He actually cares about people's families.

331
00:15:03,000 --> 00:15:04,960
Speaker 13: He cares about my family, but he cares about your

332
00:15:05,000 --> 00:15:09,280
Speaker 13: family too, and he wants to believe that his generation

333
00:15:09,720 --> 00:15:12,360
Speaker 13: left this country off in a better place than when

334
00:15:12,360 --> 00:15:12,880
Speaker 13: they found it.

335
00:15:13,200 --> 00:15:14,200
Speaker 3: That's why he's done this.

336
00:15:15,000 --> 00:15:17,800
Speaker 13: I mean, you know, talk about myself all day, but

337
00:15:17,840 --> 00:15:21,360
Speaker 13: let's talk about the man who was a business leader,

338
00:15:21,720 --> 00:15:25,120
Speaker 13: who had billions of dollars, who didn't need any of

339
00:15:25,160 --> 00:15:28,120
Speaker 13: the sacrifices that public service created, and yet he went

340
00:15:28,160 --> 00:15:29,760
Speaker 13: out there and he did it anyway.

341
00:15:31,560 --> 00:15:36,840
Speaker 2: Middletown, Ohio and ged Evance this morning on the campaign trial, Well,

342
00:15:36,840 --> 00:15:39,960
Speaker 2: the river's filthy and the tourism isn't working the way

343
00:15:40,000 --> 00:15:42,680
Speaker 2: they thought it would, but the games were out in anyway,

344
00:15:42,760 --> 00:15:45,400
Speaker 2: Catherine Field and francept is very shortly meantime back here

345
00:15:45,400 --> 00:15:47,360
Speaker 2: at twenty three minutes away from save an interesting new

346
00:15:47,400 --> 00:15:49,560
Speaker 2: insight into the wrinkle MIC and where the Airbnb has

347
00:15:49,560 --> 00:15:52,000
Speaker 2: had an effect on process the anthropey is to be No.

348
00:15:52,680 --> 00:15:54,760
Speaker 2: This comes out of a study done by Infimetric Chief

349
00:15:54,760 --> 00:15:57,120
Speaker 2: executive principal economist Brad Olson is with us on this

350
00:15:57,200 --> 00:16:02,800
Speaker 2: Braad morning. Just to clear this up. You were commissioned

351
00:16:02,800 --> 00:16:04,600
Speaker 2: by Airbnb to do this. Did you get stitched up

352
00:16:04,640 --> 00:16:05,280
Speaker 2: as this legit?

353
00:16:06,560 --> 00:16:08,680
Speaker 14: It is legit and no, I don't get stitched up MIC.

354
00:16:08,880 --> 00:16:10,400
Speaker 14: I think a lot more of myself and I think

355
00:16:10,480 --> 00:16:12,400
Speaker 14: others think a lot more of us for this. But

356
00:16:12,480 --> 00:16:14,520
Speaker 14: I think this is probably why Airbnb came to us.

357
00:16:14,560 --> 00:16:17,640
Speaker 14: I said, look, everyone always talks about what the effect

358
00:16:17,680 --> 00:16:19,920
Speaker 14: of Airbnb and similar might be on the rental market.

359
00:16:20,120 --> 00:16:22,120
Speaker 14: No one's actually done the numbers. We sort of just

360
00:16:22,240 --> 00:16:24,200
Speaker 14: talked about it. Can you go and do the figures?

361
00:16:24,240 --> 00:16:26,280
Speaker 14: And we did. We went into it with an open

362
00:16:26,280 --> 00:16:28,720
Speaker 14: mind and what we found was that actually the largest

363
00:16:28,800 --> 00:16:32,200
Speaker 14: influence on the rental and housing markets are fun enough

364
00:16:32,280 --> 00:16:36,160
Speaker 14: population growth, but also the interest rates airbnbs have. Other

365
00:16:36,200 --> 00:16:40,320
Speaker 14: short term rental accommodation doesn't have a particularly big influence

366
00:16:40,440 --> 00:16:43,440
Speaker 14: at all, which makes sense given the sorts of population growth.

367
00:16:43,440 --> 00:16:46,080
Speaker 14: And similarly, you've had over years, and suggests that again,

368
00:16:46,120 --> 00:16:48,640
Speaker 14: you really just need to increase the supply of houses

369
00:16:48,640 --> 00:16:51,320
Speaker 14: across the board if you want to improve housing outcomes.

370
00:16:51,320 --> 00:16:52,880
Speaker 2: All right, let me pick up on a couple of

371
00:16:52,880 --> 00:16:55,600
Speaker 2: things here. If we didn't have the immigration growth we had,

372
00:16:55,680 --> 00:16:56,520
Speaker 2: would it be different?

373
00:16:57,680 --> 00:17:00,840
Speaker 14: Well, I think it probably would be. Also, then need

374
00:17:00,840 --> 00:17:02,880
Speaker 14: to look at other parts of the economy in terms

375
00:17:02,880 --> 00:17:05,119
Speaker 14: of the labor market and similar. Would we have the

376
00:17:05,160 --> 00:17:07,480
Speaker 14: right skills? Would we have the right people to do things?

377
00:17:07,600 --> 00:17:09,159
Speaker 14: I think it's more that if we're going to have

378
00:17:09,280 --> 00:17:11,720
Speaker 14: migration levels like we've had it, and I actually think

379
00:17:11,760 --> 00:17:13,800
Speaker 14: that's a good thing, we sort of also have to

380
00:17:13,880 --> 00:17:15,760
Speaker 14: resource it well at the right time. And I think

381
00:17:15,960 --> 00:17:18,440
Speaker 14: you know, when we went through this analysis, we pulled

382
00:17:18,440 --> 00:17:20,760
Speaker 14: together a bunch of data on the lights of the

383
00:17:20,800 --> 00:17:23,399
Speaker 14: housing market over a longer period of time, growth in

384
00:17:23,440 --> 00:17:26,639
Speaker 14: the dwellings and similar and it continues to suggest every

385
00:17:26,680 --> 00:17:28,760
Speaker 14: report that we seem to do on the housing market

386
00:17:28,800 --> 00:17:31,240
Speaker 14: suggests that we just need to continually build more.

387
00:17:31,800 --> 00:17:36,000
Speaker 2: Right, So are you suggesting immigration aside that there aren't

388
00:17:36,080 --> 00:17:39,200
Speaker 2: enough AIRB and B houses to affect the price because

389
00:17:39,240 --> 00:17:41,679
Speaker 2: logic would indicate that if there's a house sitting on

390
00:17:41,720 --> 00:17:43,760
Speaker 2: a street and it's AIRB and BT as opposed to

391
00:17:43,800 --> 00:17:46,320
Speaker 2: rent it, that must in some way, shape or form

392
00:17:46,600 --> 00:17:47,679
Speaker 2: affect the rental market.

393
00:17:48,800 --> 00:17:51,040
Speaker 14: Well, that's the interesting thing. That was another thing that

394
00:17:51,080 --> 00:17:54,760
Speaker 14: we did test through the analysiss because there's always this idea, Mike,

395
00:17:54,960 --> 00:17:57,400
Speaker 14: if you have an airbnb, if it wasn't in an airbnb,

396
00:17:57,520 --> 00:18:00,520
Speaker 14: it would definitely be along funmental and we found often

397
00:18:00,600 --> 00:18:03,720
Speaker 14: just wasn't the case. Particularly in Queenstown for example, we

398
00:18:03,800 --> 00:18:07,040
Speaker 14: found a number of areas where even before Airbnb was

399
00:18:07,080 --> 00:18:09,520
Speaker 14: ever a thing, yet quite a lot of holiday homes

400
00:18:09,520 --> 00:18:11,760
Speaker 14: and similar So just because the house is there doesn't

401
00:18:11,800 --> 00:18:13,959
Speaker 14: mean it will be a long term rental. And therefore

402
00:18:14,240 --> 00:18:16,520
Speaker 14: that's where when we went through some of those figures,

403
00:18:16,520 --> 00:18:19,199
Speaker 14: that's where we found it actually there wouldn't necessarily be

404
00:18:19,240 --> 00:18:22,200
Speaker 14: a huge conversion through What we also found, and I

405
00:18:22,280 --> 00:18:24,960
Speaker 14: think this was sort of particularly interesting, is that often

406
00:18:25,000 --> 00:18:27,800
Speaker 14: I think we sort of condense a few different issues

407
00:18:27,840 --> 00:18:30,520
Speaker 14: together and that's where you often get this talk of

408
00:18:30,560 --> 00:18:34,200
Speaker 14: airbnb's having a greater influence than they do. I sort

409
00:18:34,240 --> 00:18:36,000
Speaker 14: of liken it in a sense that if you had

410
00:18:36,040 --> 00:18:38,120
Speaker 14: a look on a cold winter's day and you saw

411
00:18:38,160 --> 00:18:40,480
Speaker 14: that there was an increasing sale for jackets and an

412
00:18:40,480 --> 00:18:43,400
Speaker 14: increasing sale for heat pumps. You could make the inference

413
00:18:43,440 --> 00:18:47,000
Speaker 14: that higher jacket sales influence higher heat pump sales. Not really,

414
00:18:47,040 --> 00:18:50,639
Speaker 14: it's that there's actually a common factor, which is the temperature.

415
00:18:50,960 --> 00:18:54,399
Speaker 14: For airbnbs, there's more airbnbs over time, as well as

416
00:18:54,480 --> 00:18:57,199
Speaker 14: higher rental prices because there's more population. That is what

417
00:18:57,240 --> 00:18:58,840
Speaker 14: it boiled down to. When we sort of looked at

418
00:18:58,880 --> 00:19:01,120
Speaker 14: all of the figures together, we put them all into

419
00:19:01,119 --> 00:19:03,280
Speaker 14: our model and we said, what is the biggest influence

420
00:19:03,320 --> 00:19:06,880
Speaker 14: on these outcomes on rents and house prices? Population growth

421
00:19:07,440 --> 00:19:09,840
Speaker 14: came out of a country bile ahead. I mean for Queenstown,

422
00:19:09,880 --> 00:19:13,159
Speaker 14: for example. We estimate that broadly, over the last six years,

423
00:19:13,560 --> 00:19:16,639
Speaker 14: the likes of population growth contributed about a one hundred

424
00:19:16,680 --> 00:19:20,000
Speaker 14: and one dollar per week increase in rents. Airbnb did

425
00:19:20,000 --> 00:19:21,480
Speaker 14: around eleven dollars. Right.

426
00:19:21,760 --> 00:19:24,200
Speaker 2: Would you as Queenstown unique though, because there'd be a

427
00:19:24,240 --> 00:19:26,920
Speaker 2: lot of flash houses in Queenstown that yes, you'd hire

428
00:19:26,960 --> 00:19:29,640
Speaker 2: out for five nights in a year at two thousand

429
00:19:29,640 --> 00:19:33,400
Speaker 2: dollars a night versus having some ski bum hang out

430
00:19:33,480 --> 00:19:35,880
Speaker 2: for fifteen hundred dollars. We can wreck your house.

431
00:19:37,240 --> 00:19:39,400
Speaker 14: Quite possible, and I think the thing with Queenstownd that's

432
00:19:39,400 --> 00:19:41,320
Speaker 14: why we did spend a bit more time on it

433
00:19:41,320 --> 00:19:44,640
Speaker 14: because it does have a much larger concentration of short

434
00:19:44,720 --> 00:19:48,119
Speaker 14: term rental accommodation and similar so we did have a

435
00:19:48,160 --> 00:19:49,320
Speaker 14: bit of a look at that. That's why I just

436
00:19:49,320 --> 00:19:51,520
Speaker 14: gave you those numbers to try and highlight that figure.

437
00:19:51,680 --> 00:19:53,520
Speaker 14: When we looked at other areas though, So we looked

438
00:19:53,520 --> 00:19:56,480
Speaker 14: at the likes of Auckland, Wellington, christ Church, much much

439
00:19:56,520 --> 00:20:00,240
Speaker 14: bigger areas, the concentration of airbnbs in those areas quite

440
00:20:00,280 --> 00:20:02,440
Speaker 14: a bit smaller, so they just don't really have any

441
00:20:02,440 --> 00:20:05,119
Speaker 14: discernible effect. I mean you're talking. I think it's since

442
00:20:05,160 --> 00:20:08,399
Speaker 14: per week, since per month's difference for as airbnbs do,

443
00:20:08,520 --> 00:20:10,360
Speaker 14: so it's just not a significant influence.

444
00:20:10,520 --> 00:20:12,200
Speaker 2: Good insight, mate, Nice to have you on the program.

445
00:20:12,160 --> 00:20:14,520
Speaker 2: Has always Brad Olsen in for Metrics, Chief Executive, eighteen

446
00:20:14,520 --> 00:20:17,000
Speaker 2: minutes away from seven past, Get yeah, fun bro, it's

447
00:20:17,000 --> 00:20:20,160
Speaker 2: every couple of years. Here's what's interesting about the aviation

448
00:20:20,280 --> 00:20:25,640
Speaker 2: sector of the moment. They cannot make enough planes. Isn't

449
00:20:25,680 --> 00:20:29,880
Speaker 2: that still extraordinary? They cannot make enough planes, so they're

450
00:20:29,920 --> 00:20:32,680
Speaker 2: not expecting huge numbers of orders at this particular show

451
00:20:33,040 --> 00:20:36,720
Speaker 2: because basically they're stuck air Bus currently. So you've got

452
00:20:36,760 --> 00:20:39,800
Speaker 2: Airbus and Boeing. You know about Boeing, but Airbus has

453
00:20:39,840 --> 00:20:44,080
Speaker 2: a backlog of eight thousand, six hundred and twenty six

454
00:20:44,280 --> 00:20:47,440
Speaker 2: orders to get through by the end of last year.

455
00:20:47,600 --> 00:20:50,280
Speaker 2: Now last year is already finished and they didn't do it.

456
00:20:50,680 --> 00:20:53,679
Speaker 2: So Boeing's only got five thy six hundred for obvious reasons.

457
00:20:53,680 --> 00:20:55,840
Speaker 2: So the problem at the moment is we're desperate to travel.

458
00:20:56,080 --> 00:20:58,280
Speaker 2: We're still going to spend the money. The airlines want

459
00:20:58,320 --> 00:21:00,720
Speaker 2: to increase capacity, but they kin'd stuck at the moment.

460
00:21:00,800 --> 00:21:02,919
Speaker 2: Seventeen to two.

461
00:21:03,640 --> 00:21:05,159
Speaker 3: The Mike Costing Breakfast.

462
00:21:06,000 --> 00:21:07,560
Speaker 2: Hi, Mike, can you give a breakdown of the six

463
00:21:07,600 --> 00:21:09,600
Speaker 2: thousand dollars that's my share of the healthcare? How much

464
00:21:09,600 --> 00:21:11,520
Speaker 2: of that actually goes into real healthcare and how much

465
00:21:11,520 --> 00:21:13,720
Speaker 2: into management? Joan, what a very very good question. That

466
00:21:13,760 --> 00:21:15,639
Speaker 2: six thousand dollars is my number. By the way, I

467
00:21:15,640 --> 00:21:18,520
Speaker 2: took thirty billion to buy by the population point being

468
00:21:18,520 --> 00:21:20,560
Speaker 2: and this is what Shane Reddy was trying to say yesterday.

469
00:21:20,720 --> 00:21:23,280
Speaker 2: They didn't know. They can't see there's no what they

470
00:21:23,320 --> 00:21:25,479
Speaker 2: call line of sight. So you sit on the board

471
00:21:26,119 --> 00:21:28,840
Speaker 2: and you go, no, we think we're going to make

472
00:21:28,880 --> 00:21:31,520
Speaker 2: some sort of surplus. The oh, hold on, no, we're not.

473
00:21:31,560 --> 00:21:33,640
Speaker 2: We're losing one hundred and thirty million dollars a month.

474
00:21:33,840 --> 00:21:36,120
Speaker 2: So one moment you think you're up, the next minute

475
00:21:36,160 --> 00:21:38,440
Speaker 2: you're going down the googler to the tune of billions.

476
00:21:38,840 --> 00:21:40,800
Speaker 2: How do we explain that? So more on that after

477
00:21:40,800 --> 00:21:42,040
Speaker 2: seven o'clock fourteen.

478
00:21:41,760 --> 00:21:46,119
Speaker 15: Two International Correspondence with ends an eye insurance, peace of

479
00:21:46,200 --> 00:21:47,440
Speaker 15: mind for New Zealand business.

480
00:21:47,480 --> 00:21:49,440
Speaker 2: In other words, Mansking the question that wouldn't have a clue?

481
00:21:49,640 --> 00:21:53,120
Speaker 2: Catherine Field, morning to you. Good morning mate. I'm reading

482
00:21:53,160 --> 00:21:55,280
Speaker 2: a lot about these Olympics, and I'm looking at occupancy

483
00:21:55,359 --> 00:21:58,280
Speaker 2: rates here Paris hotels eighty percent, which is below the

484
00:21:58,359 --> 00:22:00,680
Speaker 2: ninety percent for London and two thousand and twelve ninety

485
00:22:00,720 --> 00:22:03,840
Speaker 2: four percent for Rio Dejaneira in twenty sixteen. What's gone wrong?

486
00:22:05,760 --> 00:22:06,040
Speaker 8: Mike?

487
00:22:06,280 --> 00:22:09,359
Speaker 16: If I could find a hotel owner to tell me

488
00:22:09,520 --> 00:22:12,840
Speaker 16: he's got eighty percent occupancy, my dog will be so

489
00:22:12,920 --> 00:22:15,359
Speaker 16: much easier. I have not met one that has that

490
00:22:15,440 --> 00:22:20,000
Speaker 16: much occupancy. They are lucky if they're getting seventy percent. Really, Mike,

491
00:22:20,720 --> 00:22:23,840
Speaker 16: it's I think you know, thinking back, I think last

492
00:22:23,920 --> 00:22:26,720
Speaker 16: year when they originally came up with these completely bizarre

493
00:22:26,760 --> 00:22:29,720
Speaker 16: prices of eight hundred euros a night for a room,

494
00:22:30,200 --> 00:22:32,679
Speaker 16: and that was sort of, you know, the minimum price.

495
00:22:33,359 --> 00:22:37,040
Speaker 16: They've essentially just pushed themselves out of the market, pushed

496
00:22:37,040 --> 00:22:40,760
Speaker 16: tourists away. I think the other thing, Mike is security

497
00:22:40,920 --> 00:22:44,720
Speaker 16: is so intense in Paris, so anyone who was thinking

498
00:22:44,760 --> 00:22:47,960
Speaker 16: of coming here would now say, no, you cannot get

499
00:22:48,080 --> 00:22:50,840
Speaker 16: within about a kilometer of the Eiffel Tower. And whilst

500
00:22:50,840 --> 00:22:53,080
Speaker 16: she's beautiful to look out from a distance, it's also

501
00:22:53,160 --> 00:22:55,000
Speaker 16: quite nice to go and sit and have a look

502
00:22:55,040 --> 00:22:57,480
Speaker 16: and walk and perhaps even to visit the Eiffel Tower.

503
00:22:58,080 --> 00:23:01,600
Speaker 16: So you've got, you know, this dreadful combination mic of

504
00:23:01,640 --> 00:23:07,439
Speaker 16: incredibly expensive hotels. You've got you can't get anywhere in

505
00:23:07,480 --> 00:23:09,840
Speaker 16: the center of Paris, and it's almost for people who

506
00:23:09,880 --> 00:23:12,119
Speaker 16: are living there a bit like lockdown, because you have

507
00:23:12,200 --> 00:23:14,000
Speaker 16: to have a special path to be able to get home.

508
00:23:14,280 --> 00:23:18,119
Speaker 2: Is this because of one just purely the Olympics, or

509
00:23:18,160 --> 00:23:21,080
Speaker 2: is it a French interpretation of security for the Olympics,

510
00:23:21,480 --> 00:23:24,399
Speaker 2: or it's genuinely needed and accepted by everybody.

511
00:23:25,880 --> 00:23:28,959
Speaker 16: It's for the opening ceremony, Mike, it really is. And

512
00:23:28,960 --> 00:23:31,720
Speaker 16: as all came into play on the eighteenth of July,

513
00:23:32,280 --> 00:23:34,720
Speaker 16: and let's not forget that the opening ceremony isn't until

514
00:23:34,760 --> 00:23:38,600
Speaker 16: the twenty sixth of July. They are absolutely besides themselves

515
00:23:39,040 --> 00:23:42,920
Speaker 16: in nerves. They say they've got that forty five thousand police,

516
00:23:43,000 --> 00:23:45,760
Speaker 16: security and troops ready.

517
00:23:45,440 --> 00:23:46,040
Speaker 17: For that day.

518
00:23:47,560 --> 00:23:50,760
Speaker 16: It is really that they want it to go well.

519
00:23:51,760 --> 00:23:53,600
Speaker 16: Just a couple of hours ago is that the Elisa

520
00:23:53,720 --> 00:23:57,280
Speaker 16: Pallas where Manuel Macron was there with the IOC head

521
00:23:57,280 --> 00:24:00,639
Speaker 16: Thomas Back and he said, you guys, we thought we

522
00:24:00,640 --> 00:24:03,119
Speaker 16: were crazy when we started this idea of having it

523
00:24:03,160 --> 00:24:05,439
Speaker 16: on the sand, but now we're going to do it.

524
00:24:05,480 --> 00:24:07,880
Speaker 16: We're going to do it well. And that's what they want, Mike.

525
00:24:07,920 --> 00:24:12,520
Speaker 16: They realized this is the zillion dollar tourist spot and

526
00:24:12,560 --> 00:24:14,560
Speaker 16: that more people are going to watch it on TV

527
00:24:14,640 --> 00:24:16,879
Speaker 16: because they're going to see this amazing show, they're going

528
00:24:16,920 --> 00:24:20,520
Speaker 16: to see the sand, they're going to see everything on

529
00:24:20,560 --> 00:24:23,760
Speaker 16: their TV screens. And this they're thinking of not just

530
00:24:23,800 --> 00:24:26,320
Speaker 16: for the Olympics, but also to tell people around the world, Hey,

531
00:24:26,359 --> 00:24:26,720
Speaker 16: come to.

532
00:24:26,680 --> 00:24:29,000
Speaker 2: Paris, Okay, is anyone going to swim in the scene

533
00:24:29,040 --> 00:24:30,920
Speaker 2: And like I don't know. I think called the Triathlona.

534
00:24:30,960 --> 00:24:31,960
Speaker 2: This is living work that out.

535
00:24:32,040 --> 00:24:35,000
Speaker 16: Yet they say it's going to be okay. Of course

536
00:24:35,000 --> 00:24:36,879
Speaker 16: we had last week the Mara of Paris went for

537
00:24:36,920 --> 00:24:41,840
Speaker 16: a dip there and they say that the for some reason, Mike,

538
00:24:42,040 --> 00:24:44,359
Speaker 16: all of a sudden, it's come very clean, and that

539
00:24:44,440 --> 00:24:46,800
Speaker 16: the two bugs that they test for in the water

540
00:24:47,280 --> 00:24:51,440
Speaker 16: are at the lowest rate they've been for several months. However,

541
00:24:51,520 --> 00:24:54,800
Speaker 16: they have let us know that if it's not that clean,

542
00:24:55,600 --> 00:24:58,720
Speaker 16: then the particularly the marathon swimmers will move oun't to

543
00:24:59,119 --> 00:25:01,720
Speaker 16: the east of Paris into the man region, which is

544
00:25:01,760 --> 00:25:04,679
Speaker 16: where the kayak king and the canoeing area is, and

545
00:25:04,720 --> 00:25:07,080
Speaker 16: they'll be able to do their marathon swims there. But

546
00:25:07,119 --> 00:25:09,879
Speaker 16: they're pretty hopeful still, mate, even if that river is

547
00:25:09,960 --> 00:25:13,040
Speaker 16: running very fast and still looks very swollen.

548
00:25:12,800 --> 00:25:14,600
Speaker 2: Super quick. Because you know, I'm concerned. You got a.

549
00:25:14,600 --> 00:25:19,080
Speaker 16: Government oh good heaven snow, no good, heaven snow that

550
00:25:19,080 --> 00:25:21,280
Speaker 16: I'm still arguing about who they're going to put forward

551
00:25:21,280 --> 00:25:23,560
Speaker 16: as the prime minister. But we do have a Speaker

552
00:25:23,600 --> 00:25:26,480
Speaker 16: of the House, and everyone thinks that was a rigged

553
00:25:26,600 --> 00:25:30,639
Speaker 16: vote because the former Speaker of the House, which is

554
00:25:30,760 --> 00:25:34,520
Speaker 16: one of the original Emmanual Macron appointees was elected back

555
00:25:34,560 --> 00:25:35,119
Speaker 16: to the post.

556
00:25:35,280 --> 00:25:37,480
Speaker 2: Okay, you go, I just confirmed once again. I'm out

557
00:25:37,480 --> 00:25:40,600
Speaker 2: of time. So it's my old discipline. Just that I

558
00:25:40,640 --> 00:25:43,280
Speaker 2: wasn't making this up. The surfing for the Olympics is

559
00:25:43,280 --> 00:25:44,399
Speaker 2: in Tahiti, isn't it.

560
00:25:45,560 --> 00:25:47,359
Speaker 16: Tahiti is part of the French.

561
00:25:47,160 --> 00:25:49,280
Speaker 2: Yeah, I get that. But if I'm a surfer, what

562
00:25:49,400 --> 00:25:52,119
Speaker 2: a rip? So I'm stuck on a boat in the

563
00:25:52,119 --> 00:25:55,520
Speaker 2: middle of nowhere, miles thousands of miles away from the

564
00:25:55,520 --> 00:25:58,040
Speaker 2: actual event. I mean, that's weird, isn't it.

565
00:25:58,760 --> 00:26:01,880
Speaker 16: Well, here's the thing. What this There's always surfing events

566
00:26:01,920 --> 00:26:03,440
Speaker 16: this time of year in Tahiti.

567
00:26:03,960 --> 00:26:05,240
Speaker 2: They know they're going to get the surf.

568
00:26:05,440 --> 00:26:08,399
Speaker 16: However, there are people down in the southwest of France

569
00:26:08,400 --> 00:26:10,600
Speaker 16: who have a lot of surfers down there that's in

570
00:26:10,600 --> 00:26:13,560
Speaker 16: great waves down and beards. They say it should have

571
00:26:13,600 --> 00:26:13,960
Speaker 16: been there.

572
00:26:14,119 --> 00:26:16,040
Speaker 2: Yeah, exactly. All right. Nice to catch up, Catherine. Good

573
00:26:16,040 --> 00:26:18,280
Speaker 2: to see you next Tuesday. Catherine Field out of France,

574
00:26:18,280 --> 00:26:19,760
Speaker 2: Prius nine away from seven.

575
00:26:20,320 --> 00:26:24,680
Speaker 3: On cost Breakfast on air and on iHeart Radio News.

576
00:26:24,560 --> 00:26:27,000
Speaker 2: Talk Ted be wanting Michael's surfas get flown to Paris

577
00:26:27,000 --> 00:26:29,800
Speaker 2: for the crowsing Ceremony's still weird. And you go, you

578
00:26:29,960 --> 00:26:31,840
Speaker 2: live on a cruise ship and then you go surfing

579
00:26:31,920 --> 00:26:34,760
Speaker 2: during the day. It seems strange. Mike, We're in Paris.

580
00:26:34,880 --> 00:26:36,840
Speaker 2: I get why they've done it. Just seems weird. Mike.

581
00:26:36,840 --> 00:26:39,399
Speaker 2: We're in Paris five weeks ago. It was stunning, pricey,

582
00:26:39,400 --> 00:26:41,439
Speaker 2: but beautiful. We did it all. We did wonder how

583
00:26:41,520 --> 00:26:43,560
Speaker 2: much they needed to get done within a month before

584
00:26:43,560 --> 00:26:45,840
Speaker 2: the start, but our sun reports he's working for the Olympics.

585
00:26:45,960 --> 00:26:49,560
Speaker 2: It's all done. I wouldn't swim in the water, even

586
00:26:49,640 --> 00:26:51,919
Speaker 2: with a full and tactic dry suit. Thank you a

587
00:26:51,960 --> 00:26:54,480
Speaker 2: link of hope you enjoyed your time. Got some survey

588
00:26:54,520 --> 00:26:57,879
Speaker 2: action from IPSOS and the Washington Post. The question was

589
00:26:57,880 --> 00:27:00,919
Speaker 2: fairly simple, who is your choice for the Democratic nominee?

590
00:27:01,160 --> 00:27:04,639
Speaker 2: They serve a Democrats and the answers as follows Michelle

591
00:27:04,640 --> 00:27:07,080
Speaker 2: Obama eight percent. And that's not because Michelle Obama isn't

592
00:27:07,119 --> 00:27:10,159
Speaker 2: positive or popular. It's because Michelle Obama is not actually

593
00:27:10,240 --> 00:27:13,399
Speaker 2: running and most people have actually worked that out. Gavin Newsom,

594
00:27:13,600 --> 00:27:16,320
Speaker 2: for all the people who said, I Tollma Schao comes

595
00:27:16,320 --> 00:27:17,959
Speaker 2: and what are you going to do? You depressed about that?

596
00:27:18,200 --> 00:27:21,440
Speaker 1: Well, it's because all that political experience that she's got

597
00:27:21,560 --> 00:27:23,400
Speaker 1: being a politician.

598
00:27:23,640 --> 00:27:26,879
Speaker 2: Oh no, Gavin Newsom fourteen percent. And I've argued that

599
00:27:26,920 --> 00:27:29,520
Speaker 2: all along. No one knows who Gavin Newsom is. Unless

600
00:27:29,520 --> 00:27:32,840
Speaker 2: you're a political wonk or live in California, no one

601
00:27:32,840 --> 00:27:35,480
Speaker 2: knows who he is. Karmala Harris fifty nine. So fifty

602
00:27:35,560 --> 00:27:38,200
Speaker 2: nine v fourteen v eight there's your answer. Five away

603
00:27:38,200 --> 00:27:39,080
Speaker 2: from seven.

604
00:27:39,600 --> 00:27:41,160
Speaker 3: Ply in and the ouse.

605
00:27:41,440 --> 00:27:45,560
Speaker 1: It's the fizz with business fiber take your business productivity

606
00:27:45,640 --> 00:27:46,560
Speaker 1: to the next level.

607
00:27:46,640 --> 00:27:46,840
Speaker 17: Yeah.

608
00:27:46,840 --> 00:27:49,399
Speaker 2: But going on in aviation, as I have alluded to

609
00:27:49,440 --> 00:27:51,359
Speaker 2: this morning the Farmber air Show this week, demand for

610
00:27:51,400 --> 00:27:53,200
Speaker 2: planes is up. Supply chain, as I told you, is

611
00:27:53,240 --> 00:27:54,600
Speaker 2: a bit of a problem. But at the budget end

612
00:27:54,600 --> 00:27:57,159
Speaker 2: of the market this is interesting. Europe's largest carrier, Overnight

613
00:27:57,240 --> 00:28:00,000
Speaker 2: Ryan here, big big drop in profits and they don't

614
00:28:00,280 --> 00:28:03,000
Speaker 2: end in sight Q two profit after tacks came in

615
00:28:03,040 --> 00:28:05,720
Speaker 2: at seven hundred and thirty of our dollars seven hundred

616
00:28:05,760 --> 00:28:08,200
Speaker 2: and thirty million of our dollars. That's a forty six

617
00:28:08,280 --> 00:28:11,639
Speaker 2: percent drop. Analysts had it coming in at nine to fifty,

618
00:28:11,720 --> 00:28:13,840
Speaker 2: So seven thirty is not nine to fifty, so that

619
00:28:13,920 --> 00:28:17,679
Speaker 2: was even worse. Passengers have become more frugal, and because

620
00:28:17,680 --> 00:28:20,480
Speaker 2: of that, they're having to drop those fares year on year.

621
00:28:20,520 --> 00:28:23,920
Speaker 2: The average fair has dropped fifteen percent. In June average

622
00:28:23,920 --> 00:28:26,480
Speaker 2: cost of a Ryan air fair. This gives you some

623
00:28:26,480 --> 00:28:28,399
Speaker 2: sort of indication of what budget air lines are like.

624
00:28:28,640 --> 00:28:32,080
Speaker 2: Average fare in June was seventy six dollars. Seventy six dollars.

625
00:28:32,119 --> 00:28:34,359
Speaker 2: You can't get an uber in New Zealand for seventy

626
00:28:34,400 --> 00:28:36,760
Speaker 2: six dollars, down from ninety As have heard the drop

627
00:28:36,840 --> 00:28:39,720
Speaker 2: of ten percent they reckon coming. In August, revenue per

628
00:28:39,760 --> 00:28:42,280
Speaker 2: passenger was down ten percent, while their operating costs, of course,

629
00:28:42,320 --> 00:28:44,959
Speaker 2: were up eleven percent because higher wages. So over all

630
00:28:44,960 --> 00:28:47,400
Speaker 2: the company has lost twenty five percent of their share

631
00:28:47,400 --> 00:28:50,560
Speaker 2: price in the last twelve months. Speaking of Biden, by

632
00:28:50,600 --> 00:28:53,880
Speaker 2: the way, Mark Gilbert, you'll remember the name baseball player,

633
00:28:53,920 --> 00:28:55,960
Speaker 2: turned out to be an ambassador for New Zealand back

634
00:28:56,000 --> 00:29:01,360
Speaker 2: in twenty fifteen through seventeen. He was nominated by Obama.

635
00:29:01,400 --> 00:29:03,400
Speaker 2: He's been pretty much a lifelong friend of Joe. Biden

636
00:29:03,440 --> 00:29:05,800
Speaker 2: knows Karmlala Harris very well as well, so we'll get

637
00:29:05,840 --> 00:29:09,120
Speaker 2: his insight as to how he sees this thing unfolding

638
00:29:09,400 --> 00:29:12,880
Speaker 2: from the Republican side of the equation. Amy to Kennion

639
00:29:13,240 --> 00:29:16,560
Speaker 2: is with the Republican soci'll talk to us after seven

640
00:29:16,560 --> 00:29:19,000
Speaker 2: o'clock in a couple of moments. And then Mark Robinson,

641
00:29:19,120 --> 00:29:22,640
Speaker 2: who of course runs New Zealand Rugby this San Diego experiment.

642
00:29:23,240 --> 00:29:24,840
Speaker 2: Do they know it's a success. I mean, you know

643
00:29:24,880 --> 00:29:26,720
Speaker 2: where he's going to come on. I'll say, Hi, Mark,

644
00:29:26,840 --> 00:29:29,720
Speaker 2: was it a success? You go, oh, absolutely, fantastic, Mike.

645
00:29:30,440 --> 00:29:32,120
Speaker 2: But we're going to cut through that sort of jargon.

646
00:29:32,200 --> 00:29:34,400
Speaker 2: We're going to go through a few kpies and see

647
00:29:34,440 --> 00:29:38,200
Speaker 2: what really happened there in San Diego.

648
00:29:38,680 --> 00:29:42,800
Speaker 1: The newsmakers and the personalities the big names talk to,

649
00:29:43,160 --> 00:29:47,440
Speaker 1: like my asking breakfast with Jaguar, the art of performance

650
00:29:47,520 --> 00:29:48,440
Speaker 1: news Tom said.

651
00:29:48,280 --> 00:29:50,360
Speaker 2: Been warning seven past seven as we await the US

652
00:29:50,440 --> 00:29:52,560
Speaker 2: President to return to Washington and talk the world through

653
00:29:52,640 --> 00:29:55,560
Speaker 2: his decision. Momentum. APEE is to be growing behind KRMLA

654
00:29:55,600 --> 00:29:58,080
Speaker 2: Harris as a replacement candidate. Money's flowing as well as

655
00:29:58,120 --> 00:30:00,520
Speaker 2: the endorsements, and the Republicans are out on the campaign

656
00:30:00,600 --> 00:30:01,240
Speaker 2: trial the.

657
00:30:01,440 --> 00:30:07,320
Speaker 13: Idea of selecting the Democrat Party's nominee. Because George Soros

658
00:30:07,480 --> 00:30:11,120
Speaker 13: and Barack Obama in a couple of elite Democrats got

659
00:30:11,160 --> 00:30:13,520
Speaker 13: in a smoke filled room and decided to throw Joe

660
00:30:13,560 --> 00:30:14,280
Speaker 13: Biden overboard.

661
00:30:14,520 --> 00:30:15,720
Speaker 2: That is not how it works.

662
00:30:16,040 --> 00:30:19,040
Speaker 13: That is a threat to democracy, not the Republican Party,

663
00:30:19,280 --> 00:30:22,080
Speaker 13: which is fighting for democracy every single day.

664
00:30:22,240 --> 00:30:25,560
Speaker 2: Now Republicans strategist informing about a Republican Party chair Amy

665
00:30:25,640 --> 00:30:29,080
Speaker 2: ta Kenyan's with us, Amy, morning to you. Thank you

666
00:30:29,160 --> 00:30:31,920
Speaker 2: for having me, not at all, Just broadly speaking, When

667
00:30:31,920 --> 00:30:33,400
Speaker 2: you go back to Butler and you look at what

668
00:30:33,520 --> 00:30:36,600
Speaker 2: happened on Sunday, your time with the with Biden stepping away,

669
00:30:36,600 --> 00:30:38,400
Speaker 2: do you feel like history is unfolding in front of

670
00:30:38,440 --> 00:30:38,840
Speaker 2: your eyes?

671
00:30:40,160 --> 00:30:42,800
Speaker 18: Oh, one hundred percent. In fact, there's so many twists

672
00:30:42,840 --> 00:30:45,680
Speaker 18: and turns this couldn't even you know, be one of

673
00:30:45,720 --> 00:30:48,440
Speaker 18: the best movie scripts that anyone could even come up

674
00:30:48,520 --> 00:30:51,360
Speaker 18: with on their own. I mean, this has been completely wild.

675
00:30:51,960 --> 00:30:56,200
Speaker 2: How does how does the Republican Party handle Kamala given

676
00:30:56,280 --> 00:30:58,960
Speaker 2: Kalmala is not quite official until she is official, and

677
00:30:59,040 --> 00:31:00,400
Speaker 2: she may or may not be official.

678
00:31:02,040 --> 00:31:04,520
Speaker 18: Sure, well, I think unfortunately, we're going to have a

679
00:31:04,680 --> 00:31:08,360
Speaker 18: very vicious next three months. Since we have social media

680
00:31:08,600 --> 00:31:11,959
Speaker 18: and uh, you know, video that doesn't disappear, You're going

681
00:31:12,000 --> 00:31:14,520
Speaker 18: to have the three, and the three being Donald Trump,

682
00:31:14,680 --> 00:31:18,320
Speaker 18: Jade Vance, his VP choice, and then Kamala and we're

683
00:31:18,360 --> 00:31:21,080
Speaker 18: waiting to see who she chooses as her running mate.

684
00:31:21,080 --> 00:31:23,840
Speaker 18: But those three in particular at this moment, there's plenty

685
00:31:23,920 --> 00:31:27,600
Speaker 18: of footage to use against one another, plenty of verbiage

686
00:31:27,640 --> 00:31:31,800
Speaker 18: to use, plenty of vitriol, plenty of of uh, you know,

687
00:31:32,080 --> 00:31:36,320
Speaker 18: very toxic uh words that could be used against them,

688
00:31:37,000 --> 00:31:41,200
Speaker 18: for for each side to to not like about either

689
00:31:41,360 --> 00:31:43,840
Speaker 18: of them. And so, you know, we are in a

690
00:31:43,960 --> 00:31:47,600
Speaker 18: day and age where I think the the the knuckle

691
00:31:48,200 --> 00:31:51,960
Speaker 18: uh you know, the beatdowns are just it's a whole

692
00:31:52,040 --> 00:31:54,480
Speaker 18: nother level. It's not it's not like back in the

693
00:31:54,600 --> 00:31:56,640
Speaker 18: day where you could sit there and just talk about

694
00:31:56,680 --> 00:32:01,560
Speaker 18: each other's views and issues and it's stances and that's

695
00:32:01,600 --> 00:32:03,719
Speaker 18: really where we should be. But we don't do that anymore.

696
00:32:03,800 --> 00:32:08,640
Speaker 18: We're demeaning, we knock people down, We you know, mischaracterize

697
00:32:08,640 --> 00:32:10,640
Speaker 18: one another. And I think this is probably gonna be

698
00:32:10,680 --> 00:32:12,880
Speaker 18: one of the most vicious we've ever seen.

699
00:32:13,440 --> 00:32:16,080
Speaker 2: Your answer indicates that the message from Joe Biden before

700
00:32:16,120 --> 00:32:17,719
Speaker 2: I lift to take the temperature down a bit, it's

701
00:32:17,760 --> 00:32:21,280
Speaker 2: not going to be listened to, and nothing changes, No.

702
00:32:21,480 --> 00:32:24,240
Speaker 18: It lasted maybe twenty four hours, and then you know,

703
00:32:24,320 --> 00:32:27,600
Speaker 18: as soon as that twenty four hours was up, you

704
00:32:27,760 --> 00:32:30,720
Speaker 18: already had the name, the name calling, you know, being

705
00:32:30,840 --> 00:32:32,720
Speaker 18: flown each at each other.

706
00:32:32,880 --> 00:32:33,160
Speaker 19: And so.

707
00:32:34,640 --> 00:32:37,280
Speaker 18: I had high hopes, but I knew it wasn't going

708
00:32:37,360 --> 00:32:38,480
Speaker 18: to last. Unfortunately.

709
00:32:38,800 --> 00:32:41,280
Speaker 2: What's your assessment of Kamala Harris. Let's assume she is

710
00:32:41,320 --> 00:32:44,480
Speaker 2: it is she bogged down by the Biden administration, or

711
00:32:44,560 --> 00:32:46,960
Speaker 2: does she potentially open up a whole new field of

712
00:32:47,240 --> 00:32:49,560
Speaker 2: voters who maybe weren't going to go that way because

713
00:32:49,600 --> 00:32:51,200
Speaker 2: they couldn't, you know, hold their nose enough.

714
00:32:52,480 --> 00:32:54,960
Speaker 18: Sure well, let me put an example out there. The

715
00:32:55,040 --> 00:32:59,360
Speaker 18: state of Nevada, which I'm from, the fastest growing party

716
00:32:59,400 --> 00:33:02,800
Speaker 18: affiliation are nonpartisans and independents, and it's growing at a

717
00:33:02,920 --> 00:33:07,280
Speaker 18: rapid pace. Second is Democrats trailing, and third are Republicans.

718
00:33:07,560 --> 00:33:10,920
Speaker 18: And I'm hearing more and more each day how people

719
00:33:11,080 --> 00:33:15,120
Speaker 18: are failed, disenfranchised. They feel like they're floating on a

720
00:33:15,200 --> 00:33:19,840
Speaker 18: raft in the ocean, waiting for land. They don't recognize

721
00:33:19,840 --> 00:33:23,920
Speaker 18: their party anymore, and quite honestly, they were disappointed of

722
00:33:24,480 --> 00:33:27,760
Speaker 18: the rematch of the two gentlemen. They wanted somebody fresh,

723
00:33:27,880 --> 00:33:31,040
Speaker 18: somebody new, so you do have a number of voters

724
00:33:31,080 --> 00:33:34,360
Speaker 18: out there, in a large number that still, which is crazy,

725
00:33:34,520 --> 00:33:37,240
Speaker 18: have not made up their minds and so those are

726
00:33:37,280 --> 00:33:40,160
Speaker 18: the people that they need to really focus on. Both

727
00:33:40,240 --> 00:33:43,959
Speaker 18: campaigns need to focus on those nonpartisans and independents.

728
00:33:43,680 --> 00:33:45,880
Speaker 2: Will stay in touch. I appreciate your expertise very much.

729
00:33:45,920 --> 00:33:49,360
Speaker 2: Ammy Takennian, who's Republican strategist out of Utah this morning

730
00:33:49,400 --> 00:33:53,160
Speaker 2: eleven minutes past seven oskag Another big move from the

731
00:33:53,200 --> 00:33:55,040
Speaker 2: government as they replaced the Health New Zealand Board with

732
00:33:55,040 --> 00:33:56,959
Speaker 2: the commission that there was a massive budget blow out

733
00:33:56,960 --> 00:33:58,960
Speaker 2: of about one hundred and thirty million issue a month

734
00:33:59,160 --> 00:34:01,440
Speaker 2: and the claims that they layers of management so thick

735
00:34:01,520 --> 00:34:03,440
Speaker 2: no one has a clue where the money's going and

736
00:34:03,520 --> 00:34:05,400
Speaker 2: what is being spent on. The former Health New Zealand

737
00:34:05,440 --> 00:34:07,400
Speaker 2: chair Rob Campbell's with us on this Rob Morning to you.

738
00:34:08,280 --> 00:34:08,920
Speaker 17: Good morning, Mike.

739
00:34:09,080 --> 00:34:11,040
Speaker 2: As I watched the Prime Minister yesterday, how much is

740
00:34:11,239 --> 00:34:13,760
Speaker 2: politics and how much real? Is there that much management?

741
00:34:14,000 --> 00:34:17,000
Speaker 2: Does nobody know what's going on? Is it that gargantuinely

742
00:34:17,160 --> 00:34:17,799
Speaker 2: a cock up?

743
00:34:20,480 --> 00:34:22,400
Speaker 17: There's a lot of politics and it looked for our

744
00:34:22,560 --> 00:34:26,520
Speaker 17: problems and our health system moments kidding anyone about that,

745
00:34:26,760 --> 00:34:29,600
Speaker 17: and defar to Aura hasn't been able to deal with

746
00:34:29,719 --> 00:34:32,360
Speaker 17: them as quickly as many people hoped you and we

747
00:34:32,440 --> 00:34:35,239
Speaker 17: can go into the reasons for that. But there's also

748
00:34:35,360 --> 00:34:37,839
Speaker 17: a lot of a lot of politics in this most

749
00:34:37,920 --> 00:34:38,640
Speaker 17: recent statement.

750
00:34:38,920 --> 00:34:41,400
Speaker 2: Okay, so did the board deserve to get sacked or not?

751
00:34:42,600 --> 00:34:46,760
Speaker 17: Board has actually disappeared themselves so that there wasn't anyone

752
00:34:46,880 --> 00:34:49,000
Speaker 17: left to sack by the time they made this decision,

753
00:34:49,080 --> 00:34:51,719
Speaker 17: apart from the ones that just appointed. So it's a

754
00:34:51,760 --> 00:34:53,839
Speaker 17: bit dramatic to say they sacked the board. The board

755
00:34:53,880 --> 00:34:56,120
Speaker 17: mainly left because they weren't happy with how it was going.

756
00:34:56,560 --> 00:34:58,399
Speaker 2: Were they not happy with how it was going? Because

757
00:34:58,400 --> 00:34:59,960
Speaker 2: it does seem weird that when you look at the

758
00:35:00,120 --> 00:35:03,319
Speaker 2: numbers they were forecasting, you know, at best some sort

759
00:35:03,360 --> 00:35:05,960
Speaker 2: of surplus, maybe about break even. Whops, all of a sudden,

760
00:35:05,960 --> 00:35:08,000
Speaker 2: that's one hundred and thirty million dollars a month. How

761
00:35:08,080 --> 00:35:08,640
Speaker 2: does that work?

762
00:35:09,920 --> 00:35:13,560
Speaker 17: Well, that's certainly I can't understand that from outside. But

763
00:35:13,800 --> 00:35:16,720
Speaker 17: what I would say is is when someone blows a budget,

764
00:35:16,880 --> 00:35:20,480
Speaker 17: there's a couple of possibilities. One is that there've been laxed.

765
00:35:20,520 --> 00:35:22,520
Speaker 17: The other is that the budget was never right for

766
00:35:22,640 --> 00:35:25,680
Speaker 17: the start, and I suspect that it's a mix of both.

767
00:35:25,800 --> 00:35:25,960
Speaker 15: Here.

768
00:35:26,440 --> 00:35:29,719
Speaker 17: I suspect that the original budgeting and the appropriations that

769
00:35:29,840 --> 00:35:33,320
Speaker 17: were made were never properly adequate. We're never adequate, and

770
00:35:33,640 --> 00:35:36,200
Speaker 17: therefore it's been almost impossible to manage to it. And

771
00:35:36,480 --> 00:35:40,760
Speaker 17: that comes back partly to the board, partly to management,

772
00:35:40,840 --> 00:35:44,160
Speaker 17: but significantly also to the Ministry. The Ministry, you've got

773
00:35:44,239 --> 00:35:47,640
Speaker 17: to remember, presided over the cockup that's our health system

774
00:35:47,800 --> 00:35:50,839
Speaker 17: for a long time. It wrote the new rules very

775
00:35:50,960 --> 00:35:55,600
Speaker 17: much along with the people from outside consultancies. It's presided

776
00:35:55,640 --> 00:35:57,879
Speaker 17: and it's still the steward of the system. It gets

777
00:35:57,920 --> 00:36:00,560
Speaker 17: all the information that the board gets, and yet it

778
00:36:00,800 --> 00:36:04,120
Speaker 17: wasn't calling out anything about this. So I'm not saying

779
00:36:04,160 --> 00:36:07,640
Speaker 17: the board has responsibility, far from it. But the Ministry

780
00:36:07,920 --> 00:36:10,440
Speaker 17: should not escape from this. It's the ministry which is

781
00:36:10,480 --> 00:36:12,000
Speaker 17: supposed to be stewarding the system.

782
00:36:12,280 --> 00:36:15,040
Speaker 2: Okay, good insight, well done, appreciate it. Rob Campbell form

783
00:36:15,080 --> 00:36:19,040
Speaker 2: a chair because Luxon was at pains yesterday to say,

784
00:36:19,080 --> 00:36:21,239
Speaker 2: it's not the money, this thirty billion dollars, we just

785
00:36:21,320 --> 00:36:23,720
Speaker 2: want quality spent. So anyway, Luccen's with us in about

786
00:36:23,719 --> 00:36:28,560
Speaker 2: twenty minutes, thirteen passed ask jobs interesting, genuinely interesting insight

787
00:36:28,640 --> 00:36:31,640
Speaker 2: this morning from trade meet applications at an all time high.

788
00:36:31,719 --> 00:36:34,680
Speaker 2: That's probably not a surprise. This is for the quarter

789
00:36:34,760 --> 00:36:38,520
Speaker 2: April to June. Applications per job are up sixty one percent.

790
00:36:39,080 --> 00:36:44,480
Speaker 2: Highest average applications tourism, HOSPO, transport, logistics and retail. Salaries

791
00:36:44,560 --> 00:36:46,760
Speaker 2: though are at a record level. How do you explain

792
00:36:46,880 --> 00:36:50,680
Speaker 2: that easy average salary a seventy two, seven hundred and

793
00:36:50,719 --> 00:36:53,400
Speaker 2: seventeen dollars. That's up three point seven percent. That's because

794
00:36:53,480 --> 00:36:56,839
Speaker 2: the low paid jobs are gone. Roles paying less than

795
00:36:56,920 --> 00:36:59,840
Speaker 2: sixty grand have dropped sixty percent, so that explains that

796
00:37:00,280 --> 00:37:02,960
Speaker 2: record salaries to be found in Auckland by a plenty, Canterbury,

797
00:37:03,000 --> 00:37:07,120
Speaker 2: Gisbone and Unawatu, Northland Otago in Southland, job listings for

798
00:37:07,320 --> 00:37:10,600
Speaker 2: roles in government and council in Wellington through the floor

799
00:37:10,760 --> 00:37:14,040
Speaker 2: down sixty six percent. Number of job applications for government

800
00:37:14,040 --> 00:37:19,680
Speaker 2: and council positions up one hundred and nineteen percent. The

801
00:37:19,800 --> 00:37:22,360
Speaker 2: total number of job listings down thirty nine percent, so

802
00:37:22,480 --> 00:37:26,320
Speaker 2: you can see how dire the economic situation is. Fourteen

803
00:37:26,360 --> 00:37:31,600
Speaker 2: pasted the costly racist former US Ambassador to New Zealand.

804
00:37:31,640 --> 00:37:34,120
Speaker 2: Mark Gilbert with US after eight o'clock this morning, seventeen

805
00:37:34,120 --> 00:37:35,760
Speaker 2: past seven. So let's have a look at the weekends

806
00:37:35,800 --> 00:37:37,320
Speaker 2: All Black Test and whether it achieved what it was

807
00:37:37,320 --> 00:37:39,560
Speaker 2: supposed to, i e. Sell the game to the Americans.

808
00:37:39,680 --> 00:37:43,520
Speaker 2: NZIT Archief Executive Mark Robinson with US Mark Morning morning.

809
00:37:43,560 --> 00:37:46,680
Speaker 2: Mike Razors spoke very well about at tailgate parties, plenty

810
00:37:46,719 --> 00:37:48,520
Speaker 2: of noise in the injury breaks and all that sort

811
00:37:48,560 --> 00:37:50,920
Speaker 2: of stuff. Do you see it as a success and

812
00:37:51,040 --> 00:37:51,400
Speaker 2: how so?

813
00:37:53,320 --> 00:37:56,520
Speaker 20: Oh yeah, absolutely, it was a fantastic event. It was

814
00:37:57,400 --> 00:38:00,200
Speaker 20: a great week leading up to it. A lot of

815
00:38:00,280 --> 00:38:01,960
Speaker 20: levels might but if if you want to focus on

816
00:38:02,040 --> 00:38:04,440
Speaker 20: the game, you know it was I think it was

817
00:38:04,440 --> 00:38:06,719
Speaker 20: a couple of hundred tickets off sold out, so just

818
00:38:06,800 --> 00:38:10,799
Speaker 20: over thirty three thousand people into the ground early, as

819
00:38:10,840 --> 00:38:14,600
Speaker 20: well as sailgates stuff going on or set up a

820
00:38:14,680 --> 00:38:17,120
Speaker 20: number of merchandise stalls. And the Americans are very different

821
00:38:17,160 --> 00:38:18,520
Speaker 20: in terms of the way they approached that. So we

822
00:38:18,600 --> 00:38:21,359
Speaker 20: had stalls were you know, long long queues in them,

823
00:38:22,239 --> 00:38:24,120
Speaker 20: a lot more music, a lot more people moving in

824
00:38:24,200 --> 00:38:26,800
Speaker 20: and around their seats, and a lot more buzz and

825
00:38:26,840 --> 00:38:29,759
Speaker 20: hum in the stadium. So look when we look at

826
00:38:29,760 --> 00:38:32,200
Speaker 20: the nature of the competition, of the crowd that we had,

827
00:38:32,760 --> 00:38:35,320
Speaker 20: about seventy percent of the crowd had come from outside

828
00:38:35,360 --> 00:38:39,080
Speaker 20: of San Diego, and there were fans from every state

829
00:38:39,160 --> 00:38:44,800
Speaker 20: in the United States at the well wasn't well, we

830
00:38:44,840 --> 00:38:47,239
Speaker 20: haven't got that little detail yet, But certainly there were

831
00:38:47,280 --> 00:38:49,000
Speaker 20: people I'd bumped the people in the street that had

832
00:38:49,040 --> 00:38:53,560
Speaker 20: come from from Dallas and other areas in the South

833
00:38:53,640 --> 00:38:56,200
Speaker 20: that we were Americans wanting to understand the game more,

834
00:38:56,400 --> 00:38:59,120
Speaker 20: had seen seeing aspects of the World Cup and just

835
00:38:59,200 --> 00:39:01,880
Speaker 20: wanted to learn more. So there were, you know, I

836
00:39:01,920 --> 00:39:05,759
Speaker 20: think a composition of lots of different nationalities and people

837
00:39:05,800 --> 00:39:06,799
Speaker 20: from different states as well.

838
00:39:06,960 --> 00:39:09,279
Speaker 2: So have you got enough there to actually look on

839
00:39:09,360 --> 00:39:11,480
Speaker 2: a piece of paper and go, this specifically is what

840
00:39:11,640 --> 00:39:14,160
Speaker 2: we did, what we aim for, and therefore we achieved

841
00:39:14,160 --> 00:39:15,840
Speaker 2: it or not? Or is it just all vibes.

842
00:39:17,520 --> 00:39:18,960
Speaker 20: I think it's early days with it. I mean, we

843
00:39:19,239 --> 00:39:22,000
Speaker 20: met with USA Rugby and World Rugby through the week

844
00:39:22,280 --> 00:39:26,360
Speaker 20: and talked about where World Rugby are thinking about the

845
00:39:27,920 --> 00:39:30,560
Speaker 20: markets and host cities for the tournament twenty thirty one.

846
00:39:30,600 --> 00:39:33,400
Speaker 20: We'll certainly take a gauge off them as to what

847
00:39:33,600 --> 00:39:38,040
Speaker 20: future involvement in the States looks like and where we

848
00:39:38,120 --> 00:39:40,080
Speaker 20: might go. So we've got a bit to learn around

849
00:39:40,120 --> 00:39:44,399
Speaker 20: the market and certainly the USA Rugby got some strong

850
00:39:44,520 --> 00:39:48,080
Speaker 20: views on possible markets as well and how we look

851
00:39:48,160 --> 00:39:50,200
Speaker 20: to work into the major markets on the East and

852
00:39:50,239 --> 00:39:52,799
Speaker 20: the West coast. So there's definitely more work to do. Mike,

853
00:39:52,800 --> 00:39:56,600
Speaker 20: I don't think the plan is fully fledged, but what

854
00:39:56,719 --> 00:39:59,960
Speaker 20: we're seeing through content the influences there. You'd probably see

855
00:40:00,600 --> 00:40:05,200
Speaker 20: images of NFL franchise and athletes all around the place,

856
00:40:05,440 --> 00:40:08,560
Speaker 20: and certainly the engagements through all that off field stuff

857
00:40:08,719 --> 00:40:10,920
Speaker 20: was really impressive. We've also did a lot of work

858
00:40:11,000 --> 00:40:14,040
Speaker 20: laying some foundations with you know, White and New Zealand. Anchel.

859
00:40:14,160 --> 00:40:16,200
Speaker 20: Was great to see people like Tim Brown up there.

860
00:40:16,760 --> 00:40:18,759
Speaker 20: Anthony Moss is doing a great job as a general

861
00:40:18,800 --> 00:40:23,320
Speaker 20: counsel to the console sorry to the West coast of

862
00:40:23,360 --> 00:40:28,279
Speaker 20: the States, and talked about different ideas around how we

863
00:40:28,360 --> 00:40:30,200
Speaker 20: connect the game in there and think about you know,

864
00:40:30,280 --> 00:40:33,200
Speaker 20: the border interests in New Zealand as well. So you know,

865
00:40:33,360 --> 00:40:35,280
Speaker 20: I'm self spent a couple of days up at Stanford

866
00:40:35,280 --> 00:40:37,400
Speaker 20: and around Silicon Valley talking to some people about what

867
00:40:37,520 --> 00:40:40,400
Speaker 20: the future could look like down the West coast, with

868
00:40:40,520 --> 00:40:43,600
Speaker 20: regards to rugby and other opportunities. So all in all,

869
00:40:43,640 --> 00:40:46,239
Speaker 20: we packed a heap of stuff into the week and

870
00:40:46,360 --> 00:40:48,680
Speaker 20: we we had a great event on Friday night as well,

871
00:40:48,719 --> 00:40:49,480
Speaker 20: so we're pretty pleased.

872
00:40:49,560 --> 00:40:51,359
Speaker 2: Good stuff all right, go well, appreciate it very much.

873
00:40:51,400 --> 00:40:53,359
Speaker 2: Mike Robinson, Chief Executive seven twenty one.

874
00:40:55,080 --> 00:40:56,160
Speaker 3: Breakers Right.

875
00:40:56,239 --> 00:40:58,000
Speaker 2: If you're a business leader, you know the potential, of

876
00:40:58,080 --> 00:40:59,959
Speaker 2: course of AI, but how do you capture that vague

877
00:41:00,040 --> 00:41:02,120
Speaker 2: you safely and securely? These are the big questions of

878
00:41:02,160 --> 00:41:03,880
Speaker 2: the age. How can you be sure that you know

879
00:41:03,960 --> 00:41:05,680
Speaker 2: your data is not going to lick? What are the

880
00:41:05,719 --> 00:41:07,759
Speaker 2: AI gives you answers that are wrong? So this is

881
00:41:07,760 --> 00:41:10,000
Speaker 2: where one Net come in because they've got the right answers.

882
00:41:10,040 --> 00:41:12,799
Speaker 2: One that sister company, they've got Grizzly AI. So they

883
00:41:12,880 --> 00:41:15,600
Speaker 2: built the safe, the secure path for risk averse businesses

884
00:41:15,680 --> 00:41:18,920
Speaker 2: to access generative AI. Low touch software just works right

885
00:41:18,960 --> 00:41:21,720
Speaker 2: out of the box, great user experience, no integrations, no training,

886
00:41:22,040 --> 00:41:24,239
Speaker 2: no delays in getting started. If you need to make

887
00:41:24,280 --> 00:41:26,880
Speaker 2: a profit, one net dot co dot z write it

888
00:41:26,920 --> 00:41:29,000
Speaker 2: down one net dot co dot inz start your three

889
00:41:29,080 --> 00:41:31,320
Speaker 2: seven day trial of Grizzly AI today. They've got the

890
00:41:31,400 --> 00:41:34,200
Speaker 2: white paper download that how to get started safely and

891
00:41:34,239 --> 00:41:37,799
Speaker 2: securely in generative AI with Grizzly AI. That's what it's called.

892
00:41:38,080 --> 00:41:41,640
Speaker 2: One net plus grizzly AI, a powerful team for your

893
00:41:41,719 --> 00:41:44,719
Speaker 2: business husky who seem tardy. For a couple of very real,

894
00:41:45,280 --> 00:41:47,960
Speaker 2: intangible examples of just how big a mess our economy

895
00:41:48,000 --> 00:41:50,600
Speaker 2: is currently in, and perhaps more importantly, how we continue

896
00:41:50,600 --> 00:41:52,840
Speaker 2: to shoot ourselves in the foot as far as progression

897
00:41:52,960 --> 00:41:56,280
Speaker 2: is concerned. So trade numbers for June right, good news,

898
00:41:57,040 --> 00:42:00,640
Speaker 2: We've got a trade surplus. Bad news. It's because we're so.

899
00:42:00,760 --> 00:42:03,480
Speaker 2: A trade surplus is what all countries should aspire to.

900
00:42:03,680 --> 00:42:05,640
Speaker 2: You sell more than you buy it. This leads to

901
00:42:05,719 --> 00:42:09,319
Speaker 2: growth and jobs and expansion. Countries generally that import more

902
00:42:09,360 --> 00:42:12,399
Speaker 2: than they make aren't very good economic models. I mean, yes,

903
00:42:12,440 --> 00:42:14,080
Speaker 2: if you import a television and sell it, you need

904
00:42:14,120 --> 00:42:16,239
Speaker 2: a person behind the counter and an importer and a

905
00:42:16,280 --> 00:42:18,160
Speaker 2: person with the money to buy the TV. But that's

906
00:42:18,239 --> 00:42:20,839
Speaker 2: never going to beat the price and the place, whether

907
00:42:20,880 --> 00:42:23,279
Speaker 2: it be a farm or a factory that produces things

908
00:42:23,560 --> 00:42:26,480
Speaker 2: and sells them for big money offshore. So currently we're

909
00:42:26,520 --> 00:42:30,120
Speaker 2: exporting less and importing less, hence the surplus. But it's

910
00:42:30,160 --> 00:42:32,239
Speaker 2: merely a reflection of how stalled the economy is. But

911
00:42:32,360 --> 00:42:35,880
Speaker 2: the really big issue is Meridian, who, for the second

912
00:42:35,960 --> 00:42:38,279
Speaker 2: time in weeks, is asking t Y to drop its

913
00:42:38,320 --> 00:42:41,640
Speaker 2: power usage because we don't have enough of it. Good

914
00:42:41,760 --> 00:42:46,520
Speaker 2: news ty State Ty signed that twenty year deal. Bad news,

915
00:42:46,880 --> 00:42:49,040
Speaker 2: t Y now can't make what they want to make

916
00:42:49,280 --> 00:42:53,320
Speaker 2: because we don't have enough power. Why not, because we

917
00:42:53,400 --> 00:42:55,600
Speaker 2: don't have a plan, and because we got hijacked with

918
00:42:55,680 --> 00:42:58,440
Speaker 2: renewable ideology, which has led to a supply gap that

919
00:42:58,600 --> 00:43:01,200
Speaker 2: is clearly getting worse by the day when it doesn't rain.

920
00:43:01,719 --> 00:43:04,560
Speaker 2: The answer is not to ask people to do less,

921
00:43:05,120 --> 00:43:08,120
Speaker 2: and you wonder why we have productivity issues. Doing less

922
00:43:08,400 --> 00:43:11,359
Speaker 2: is not a business model, and yet here we are.

923
00:43:11,960 --> 00:43:14,200
Speaker 2: Good business strategy is to have a plan, plan B,

924
00:43:14,600 --> 00:43:16,440
Speaker 2: an alternative. We don't seem to have got to that bit.

925
00:43:16,719 --> 00:43:19,360
Speaker 2: The fact Transpower ask us each winter, as they have

926
00:43:19,480 --> 00:43:22,040
Speaker 2: again this year, to be careful on cold mornings. The

927
00:43:22,120 --> 00:43:24,280
Speaker 2: fact ey have to one cut a deal that allows

928
00:43:24,320 --> 00:43:26,840
Speaker 2: a drop in usage and far lest to an actual

929
00:43:26,920 --> 00:43:29,760
Speaker 2: drop in usage, is in many respects an unforgivable mistake.

930
00:43:30,040 --> 00:43:31,719
Speaker 2: But only if you want the country on its feet,

931
00:43:32,040 --> 00:43:34,800
Speaker 2: paying its way in the world, expanding and building its reputation.

932
00:43:35,120 --> 00:43:37,760
Speaker 2: I'm not sure that's at the forefront of enough people's minds.

933
00:43:39,320 --> 00:43:42,400
Speaker 2: Sky now speaking of which there is growing commentary and

934
00:43:42,440 --> 00:43:45,040
Speaker 2: we'll ask Luxon about this, but there is growing commentary

935
00:43:45,600 --> 00:43:47,920
Speaker 2: around the idea that the Reserve Bank is completely and

936
00:43:48,160 --> 00:43:51,480
Speaker 2: utterly cocked this up and they're going to have to

937
00:43:51,520 --> 00:43:54,600
Speaker 2: start cutting cutting sooner than they thought. So do remember,

938
00:43:54,640 --> 00:43:58,239
Speaker 2: and this is important, that under the current forecasts, the

939
00:43:58,440 --> 00:44:00,759
Speaker 2: Reserve Bank is not expecting to cut interest rates, the

940
00:44:00,800 --> 00:44:04,960
Speaker 2: cash rate your mortgage until next year. Then we're starting

941
00:44:05,000 --> 00:44:07,200
Speaker 2: to see the retail bank saying that's not going to happen.

942
00:44:07,239 --> 00:44:10,880
Speaker 2: We're talking November now, we're starting to see August. So

943
00:44:11,040 --> 00:44:13,040
Speaker 2: in other words, you've gone from next year to August.

944
00:44:13,080 --> 00:44:15,000
Speaker 2: And the only reason you're starting to have that commentary

945
00:44:15,080 --> 00:44:18,920
Speaker 2: either they're all wrong, completely and utterly wrong, and Adrian's

946
00:44:19,000 --> 00:44:21,440
Speaker 2: right and he's the only one that is right, or

947
00:44:21,880 --> 00:44:25,560
Speaker 2: they're right and Adrian's wrong. Jared Kerr, who's with Kiwi Bank,

948
00:44:26,080 --> 00:44:29,080
Speaker 2: he says, not only are cuts coming twenty five points ago,

949
00:44:29,680 --> 00:44:32,360
Speaker 2: once they start, they're going to go bang bang bang

950
00:44:32,560 --> 00:44:35,400
Speaker 2: bang bang bang bang bang. How many bangs was that

951
00:44:35,480 --> 00:44:39,600
Speaker 2: there was eight bangs? Eight cuts in a row. That's

952
00:44:39,800 --> 00:44:42,759
Speaker 2: an indication that they blew it, they overregged it, and

953
00:44:42,840 --> 00:44:44,640
Speaker 2: now they're panicing. They've got to get back on track.

954
00:44:44,719 --> 00:44:47,839
Speaker 2: So either Adrian's right or Jared's right. So we'll ask

955
00:44:47,880 --> 00:44:49,759
Speaker 2: to day Chris the Bluxin about that in a couple

956
00:44:49,760 --> 00:44:50,080
Speaker 2: of months.

957
00:44:50,160 --> 00:44:50,680
Speaker 3: Prime Instore.

958
00:44:50,800 --> 00:44:55,400
Speaker 2: It's Prime Ministerial Tuesday, after the News, which is next the.

959
00:44:55,520 --> 00:44:59,600
Speaker 1: Breakfast show You can Trust the mic Hosking Breakfast with

960
00:44:59,800 --> 00:45:03,120
Speaker 1: the Lea's real Estate doing real estate differently since nineteen

961
00:45:03,280 --> 00:45:05,040
Speaker 1: seventy three, news talks had been.

962
00:45:05,000 --> 00:45:07,880
Speaker 2: Bud Gilbert, longtime prod of Joe Biden, former Ambassador to

963
00:45:08,080 --> 00:45:10,680
Speaker 2: New Zealand, US Ambassador to New Zealand, as with US

964
00:45:10,680 --> 00:45:13,400
Speaker 2: A way to close this morning. Meantime, it's Prime minister Tuesday.

965
00:45:13,440 --> 00:45:15,239
Speaker 2: Christopher Luxin's well us, very good morning to you.

966
00:45:16,440 --> 00:45:18,319
Speaker 11: Good morning Mike Kyki you very well.

967
00:45:18,360 --> 00:45:20,040
Speaker 2: Indeed, how was your holiday and where'd you go?

968
00:45:21,160 --> 00:45:22,880
Speaker 11: I had a good five days. I ended up in

969
00:45:22,960 --> 00:45:25,680
Speaker 11: Hawaii and that was absolutely fantastic. Actually I got a

970
00:45:25,719 --> 00:45:27,719
Speaker 11: bit of reading in and a bit of relaxing. That's

971
00:45:27,760 --> 00:45:28,960
Speaker 11: been sort of the first big bart of it for

972
00:45:29,000 --> 00:45:30,600
Speaker 11: a while, so it was great, good stuff.

973
00:45:31,080 --> 00:45:33,960
Speaker 2: Rob Campbell was on the program earlier. Debrah Powell on

974
00:45:34,040 --> 00:45:36,320
Speaker 2: another program earlier than that, and this is feedback to

975
00:45:36,360 --> 00:45:38,000
Speaker 2: what you did yesterday with Health in New Zealand. A

976
00:45:38,000 --> 00:45:40,040
Speaker 2: couple of points he made that I thought irrelevant that

977
00:45:40,080 --> 00:45:43,800
Speaker 2: you didn't quite explain yesterday. Where are the Ministry of

978
00:45:43,880 --> 00:45:46,480
Speaker 2: Health in this? You can't go from you know, we

979
00:45:46,640 --> 00:45:48,399
Speaker 2: might make a bit of a surplus to we're losing

980
00:45:48,400 --> 00:45:50,840
Speaker 2: one hundred and thirty million dollars a month without somebody somewhere,

981
00:45:50,920 --> 00:45:54,160
Speaker 2: i e. The Ministry going alarm, bell's red flag, let's

982
00:45:54,239 --> 00:45:56,080
Speaker 2: go whop warp pull up? Where were they?

983
00:45:57,600 --> 00:46:00,440
Speaker 11: Well, we expect them well where She's be honest. We

984
00:46:00,560 --> 00:46:03,319
Speaker 11: got advice from the Crown Observer that we had in place.

985
00:46:03,360 --> 00:46:04,920
Speaker 11: We put in place in the first few weeks. We've

986
00:46:04,960 --> 00:46:07,120
Speaker 11: had to ordered a general report, and there was the

987
00:46:07,160 --> 00:46:10,320
Speaker 11: annual report from the previous government which highlighted deficits. So

988
00:46:10,400 --> 00:46:12,840
Speaker 11: I think everybody's known that there hasn't been enough controls

989
00:46:12,880 --> 00:46:16,680
Speaker 11: around this organization. That is our responsibility to make sure

990
00:46:16,719 --> 00:46:18,600
Speaker 11: that Health New Zealand to set up for the success

991
00:46:18,640 --> 00:46:20,960
Speaker 11: that it needs to. With respect to the Ministry, we

992
00:46:21,120 --> 00:46:23,919
Speaker 11: also expect them to play their part and delivering those

993
00:46:23,960 --> 00:46:25,240
Speaker 11: five big health goals.

994
00:46:25,080 --> 00:46:28,760
Speaker 2: With Crafts, were they well, I mean, are they awake?

995
00:46:29,960 --> 00:46:32,680
Speaker 11: Well, the people that are responsible is ultimately the Minister

996
00:46:33,280 --> 00:46:35,480
Speaker 11: and us making sure that we've got good governance of

997
00:46:35,640 --> 00:46:38,760
Speaker 11: the major delivery organization, which is health in New Zealand.

998
00:46:39,000 --> 00:46:41,400
Speaker 11: We spend thirty billion dollars on health in New Zealand.

999
00:46:41,440 --> 00:46:44,200
Speaker 11: We've put a record amount sixteen point seven and there's

1000
00:46:44,239 --> 00:46:46,400
Speaker 11: plenty of money and funding. What we need is a

1001
00:46:46,520 --> 00:46:49,560
Speaker 11: high performing organization and the saying is it and it's

1002
00:46:49,600 --> 00:46:52,160
Speaker 11: not it because the organization's out of shape. There's two

1003
00:46:52,200 --> 00:46:54,040
Speaker 11: and a half thousand more managers and there were six

1004
00:46:54,160 --> 00:46:57,520
Speaker 11: years ago despite having Midge twenty day Ashbe. There's fourteen

1005
00:46:57,560 --> 00:47:01,040
Speaker 11: layers of management from CEO to patient. The financial performance

1006
00:47:01,080 --> 00:47:03,520
Speaker 11: you've talked about and frankly, you know we put more

1007
00:47:03,560 --> 00:47:05,720
Speaker 11: money and more people and then we've got worse results

1008
00:47:05,760 --> 00:47:06,439
Speaker 11: on wait times.

1009
00:47:06,480 --> 00:47:09,759
Speaker 2: I get all that, But when were you alluded to

1010
00:47:09,800 --> 00:47:11,399
Speaker 2: the fact they were losing one hundred and thirty a month.

1011
00:47:12,960 --> 00:47:17,360
Speaker 11: Well, it was actually in October last year previous government

1012
00:47:17,880 --> 00:47:20,759
Speaker 11: there was a what's called an annual report and that

1013
00:47:20,880 --> 00:47:23,319
Speaker 11: identified a billion dollar deficit at that point in time.

1014
00:47:23,719 --> 00:47:26,040
Speaker 11: Within a couple of weeks. In December eighteen or somewhere

1015
00:47:26,040 --> 00:47:29,400
Speaker 11: around before Christmas, chenerally put in place a crowded on

1016
00:47:29,560 --> 00:47:31,879
Speaker 11: the board, and then we've had the Order of General

1017
00:47:31,880 --> 00:47:34,320
Speaker 11: Report in March. We've put more money in obviously in

1018
00:47:34,400 --> 00:47:36,239
Speaker 11: this budget, but what we want to make sure is

1019
00:47:36,239 --> 00:47:37,560
Speaker 11: we're getting the organization straight.

1020
00:47:37,719 --> 00:47:40,719
Speaker 2: Why don't you the frontline, Chris? Why when you knew

1021
00:47:40,760 --> 00:47:43,520
Speaker 2: something was awry in October are we sitting here in

1022
00:47:43,719 --> 00:47:45,560
Speaker 2: July only acting on it?

1023
00:47:46,560 --> 00:47:48,560
Speaker 11: Well, we got into power, we've got got into office

1024
00:47:48,560 --> 00:47:49,680
Speaker 11: obviously the end of November.

1025
00:47:50,000 --> 00:47:53,600
Speaker 2: We put January five. Why didn't you do it January five?

1026
00:47:54,719 --> 00:47:56,320
Speaker 11: Well we have, we've been We've had a serious of

1027
00:47:56,360 --> 00:47:57,480
Speaker 11: escalections and now we're doing it.

1028
00:47:58,120 --> 00:48:01,240
Speaker 2: A series of esculations that one hundred and thirty million

1029
00:48:01,320 --> 00:48:06,000
Speaker 2: dollars a month January, February, March, April, May, June one

1030
00:48:06,160 --> 00:48:08,399
Speaker 2: thirty times. You do the numbers. Why are you acting?

1031
00:48:08,520 --> 00:48:08,680
Speaker 9: Now?

1032
00:48:09,880 --> 00:48:11,719
Speaker 11: I'll be acting because we're getting it done and we're

1033
00:48:11,719 --> 00:48:14,480
Speaker 11: putting in place a commissioner who's going to have a

1034
00:48:14,520 --> 00:48:14,920
Speaker 11: great year.

1035
00:48:15,040 --> 00:48:16,960
Speaker 2: While were you doing it in January February?

1036
00:48:18,000 --> 00:48:20,560
Speaker 11: Well, we have, we've been have but late just before

1037
00:48:20,640 --> 00:48:22,400
Speaker 11: Christmas in our first few weeks to put in a

1038
00:48:22,440 --> 00:48:24,480
Speaker 11: crown observer, we've had to do.

1039
00:48:24,680 --> 00:48:25,279
Speaker 3: What to tell you?

1040
00:48:25,360 --> 00:48:27,799
Speaker 2: It's all what you already knew. It was buggered, then

1041
00:48:27,880 --> 00:48:28,880
Speaker 2: it's dog got it.

1042
00:48:29,719 --> 00:48:31,160
Speaker 11: Yeah, but yeah, you've got to have a bit more

1043
00:48:31,200 --> 00:48:33,160
Speaker 11: detail before you make a big change that we're doing

1044
00:48:33,200 --> 00:48:36,600
Speaker 11: a plenty, Commissioner. That hasn't happened, That doesn't happen often

1045
00:48:37,200 --> 00:48:38,759
Speaker 11: when you do that, you want to make sure you're

1046
00:48:38,800 --> 00:48:39,239
Speaker 11: doing it right.

1047
00:48:39,920 --> 00:48:40,520
Speaker 3: You've got to.

1048
00:48:41,000 --> 00:48:42,840
Speaker 2: If we arrived to run the country in October and

1049
00:48:42,920 --> 00:48:44,640
Speaker 2: somebody told me that one hundred and thirty million dollars

1050
00:48:44,680 --> 00:48:46,920
Speaker 2: a month being lost, they'd be sacked on the spot.

1051
00:48:47,840 --> 00:48:50,640
Speaker 11: We started in early December. You know that we've worked

1052
00:48:50,680 --> 00:48:51,080
Speaker 11: our way for.

1053
00:48:51,520 --> 00:48:52,799
Speaker 3: Great I'll give you this year.

1054
00:48:53,320 --> 00:48:56,279
Speaker 2: They've had seven months this year to do something you've

1055
00:48:56,360 --> 00:48:59,239
Speaker 2: not done. You're you're supposed to be fixing this place up.

1056
00:48:59,239 --> 00:48:59,839
Speaker 2: You're too slow.

1057
00:49:01,040 --> 00:49:02,400
Speaker 19: Oh, come on, come on.

1058
00:49:02,560 --> 00:49:05,239
Speaker 11: Give me a break. They're moving at great speed here

1059
00:49:05,560 --> 00:49:07,400
Speaker 11: and we're putting a place the commission who's going to

1060
00:49:07,440 --> 00:49:10,160
Speaker 11: have powers over twelve months to get things sorted. I've

1061
00:49:10,200 --> 00:49:12,360
Speaker 11: put more money into this thing. We hired more nurses

1062
00:49:12,360 --> 00:49:14,000
Speaker 11: than we've ever had in the last six months, we've

1063
00:49:14,000 --> 00:49:15,840
Speaker 11: got twenty nine hundred more nurses and we had a

1064
00:49:15,920 --> 00:49:18,839
Speaker 11: year ago record numbers there. We've put record fund there

1065
00:49:18,880 --> 00:49:21,000
Speaker 11: in and we've put clear targets in place. Now I'm

1066
00:49:21,040 --> 00:49:23,799
Speaker 11: just making sure the organization is ruthlessly going to deliver

1067
00:49:23,840 --> 00:49:24,200
Speaker 11: against that.

1068
00:49:24,520 --> 00:49:27,200
Speaker 2: Why a commissioner in the specific set of circumstances as

1069
00:49:27,239 --> 00:49:29,360
Speaker 2: opposed to say, Simon mutat kying or a pull a

1070
00:49:29,400 --> 00:49:30,320
Speaker 2: Benett farming.

1071
00:49:31,640 --> 00:49:34,319
Speaker 11: Because of more urgency, more intensity is what we want.

1072
00:49:34,920 --> 00:49:36,920
Speaker 11: You know, everyone you talk to in the system will

1073
00:49:36,960 --> 00:49:38,840
Speaker 11: just say, look, I'm on the front line of the system.

1074
00:49:38,920 --> 00:49:40,719
Speaker 11: I want a yeses or no from my management whether

1075
00:49:40,760 --> 00:49:42,719
Speaker 11: I can do something or not, and I get a

1076
00:49:42,800 --> 00:49:45,040
Speaker 11: non decision and mush. And that is because there is

1077
00:49:45,120 --> 00:49:47,200
Speaker 11: this layers and layers of management. And I'll tell you

1078
00:49:47,280 --> 00:49:49,400
Speaker 11: why it happens. And it's happened across the board with

1079
00:49:49,520 --> 00:49:52,719
Speaker 11: all the other TPOO Kinger and the disability services as

1080
00:49:53,160 --> 00:49:55,720
Speaker 11: they took the twenty DHBs and they whacked in massive

1081
00:49:55,800 --> 00:49:58,040
Speaker 11: layers of management over the top, and that just has

1082
00:49:58,120 --> 00:50:00,480
Speaker 11: calcified and slowed everything down. We need to mot decision

1083
00:50:00,560 --> 00:50:02,440
Speaker 11: making back to the front line as quickly as we

1084
00:50:02,520 --> 00:50:06,120
Speaker 11: can reduce that span between the decision makers and the

1085
00:50:06,160 --> 00:50:09,680
Speaker 11: front line, and you know it's just been classic botched restructure.

1086
00:50:09,800 --> 00:50:12,040
Speaker 11: And so you know, that's why the Commissioner has to

1087
00:50:12,120 --> 00:50:15,640
Speaker 11: go in with real strong powers to actually be sort

1088
00:50:15,680 --> 00:50:17,880
Speaker 11: of very very directive to get a different set of

1089
00:50:17,920 --> 00:50:21,040
Speaker 11: results and outcomes very quickly. We need that organizational model

1090
00:50:21,080 --> 00:50:23,400
Speaker 11: to be really sorted. You can't have layers of management

1091
00:50:23,480 --> 00:50:25,880
Speaker 11: like that and bureaucracy. We need the finances to be

1092
00:50:25,920 --> 00:50:28,040
Speaker 11: delivered because we've put record amounts of money in and

1093
00:50:28,120 --> 00:50:31,000
Speaker 11: I'm not putting good money into a bad organization. I'm

1094
00:50:31,080 --> 00:50:33,759
Speaker 11: expecting a great organization to deliver the results we want

1095
00:50:33,760 --> 00:50:34,479
Speaker 11: to see with that cash.

1096
00:50:35,200 --> 00:50:37,960
Speaker 2: Meridian yesterday, for the second time in a couple of weeks,

1097
00:50:38,120 --> 00:50:40,560
Speaker 2: ask to you why to tone down their power usage?

1098
00:50:40,800 --> 00:50:43,560
Speaker 2: Why don't we have enough electricity in New Zealand in

1099
00:50:43,640 --> 00:50:44,480
Speaker 2: twenty twenty four.

1100
00:50:46,080 --> 00:50:48,319
Speaker 11: Well, one of the challenges we've got is we've got

1101
00:50:48,360 --> 00:50:52,520
Speaker 11: some challenges around gas in particular, which is causing but

1102
00:50:52,600 --> 00:50:55,400
Speaker 11: that is a really gas short ball is actually a reality,

1103
00:50:55,920 --> 00:50:58,280
Speaker 11: and it is causing energy and security. That's a major

1104
00:50:58,320 --> 00:51:00,640
Speaker 11: problem for us and a major concern. We've started to

1105
00:51:00,640 --> 00:51:02,640
Speaker 11: talk about it in the last few months. But that's

1106
00:51:02,680 --> 00:51:04,239
Speaker 11: why we've got to repeal the oil and gas ban

1107
00:51:04,280 --> 00:51:06,279
Speaker 11: as a starting point. And the second thing is we

1108
00:51:06,440 --> 00:51:09,640
Speaker 11: need we need to bubble around of electricity we've got

1109
00:51:09,680 --> 00:51:12,759
Speaker 11: in this country to be renewables. That investment will come,

1110
00:51:12,960 --> 00:51:15,240
Speaker 11: but there are moments in time when obviously it's challenging

1111
00:51:15,560 --> 00:51:17,000
Speaker 11: and you have to choke back to you that has

1112
00:51:17,000 --> 00:51:18,120
Speaker 11: always happened in the New Zealand.

1113
00:51:18,200 --> 00:51:19,359
Speaker 2: Electricity does make it right.

1114
00:51:20,320 --> 00:51:22,200
Speaker 11: It doesn't make it right. But I just say to you,

1115
00:51:22,600 --> 00:51:24,040
Speaker 11: and when I look around the world and I see

1116
00:51:24,280 --> 00:51:27,080
Speaker 11: mass of failures of energy sectors around the world, ours

1117
00:51:27,160 --> 00:51:30,759
Speaker 11: is barely tidy. Not perfect, but barely tidy. We need

1118
00:51:30,800 --> 00:51:32,879
Speaker 11: a lot more investment. That's why we're doing fast trait

1119
00:51:33,000 --> 00:51:35,680
Speaker 11: to get stuff actually else, particularly in the energy space

1120
00:51:36,080 --> 00:51:38,160
Speaker 11: and a renewable space. That's why we're repealing the oil

1121
00:51:38,200 --> 00:51:39,840
Speaker 11: and gas ban because we need gas. We're going to

1122
00:51:39,920 --> 00:51:41,320
Speaker 11: need it for a period of time. It's going to

1123
00:51:41,400 --> 00:51:45,800
Speaker 11: be ten to fifteen percent of our energy mix. And

1124
00:51:46,239 --> 00:51:47,719
Speaker 11: you know, when you're doing an oil and gas ban

1125
00:51:47,800 --> 00:51:49,680
Speaker 11: and all of a sudden, no one's getting gas out

1126
00:51:50,120 --> 00:51:52,600
Speaker 11: and we need it for a number of places, it's

1127
00:51:52,600 --> 00:51:53,000
Speaker 11: a problem.

1128
00:51:53,200 --> 00:51:55,080
Speaker 2: It just it sends all the wrong signals for a

1129
00:51:55,120 --> 00:51:56,879
Speaker 2: government that's trying to And this isn't your fault. I'm

1130
00:51:56,880 --> 00:51:59,520
Speaker 2: just saying for a government's trying to rebuild this country

1131
00:52:00,239 --> 00:52:03,919
Speaker 2: and has a productivity issue when you're constantly asking people

1132
00:52:04,000 --> 00:52:05,680
Speaker 2: to do less, that's not a business model.

1133
00:52:06,880 --> 00:52:09,360
Speaker 11: No, No, I agree, I agree. But the historical model

1134
00:52:09,480 --> 00:52:11,960
Speaker 11: is with the big load that t Y puts on

1135
00:52:12,000 --> 00:52:15,400
Speaker 11: and he's doing electricity system. You know, there has always

1136
00:52:15,440 --> 00:52:17,040
Speaker 11: been choking at key peak times.

1137
00:52:17,440 --> 00:52:19,880
Speaker 2: Nobody's ought to make more power. Nobody thought, I know,

1138
00:52:20,000 --> 00:52:22,880
Speaker 2: we'll build another dam or put some windmills in a

1139
00:52:23,120 --> 00:52:26,000
Speaker 2: year a pounds you know, yep and yep, no.

1140
00:52:26,120 --> 00:52:27,759
Speaker 11: And that's what that's what we're really hard to do.

1141
00:52:27,880 --> 00:52:29,560
Speaker 11: But how do you get stuff done? Like I mean,

1142
00:52:29,719 --> 00:52:32,160
Speaker 11: you can't take eight years to consent a wind farm

1143
00:52:32,440 --> 00:52:34,279
Speaker 11: and two years to build it and ten years before

1144
00:52:34,320 --> 00:52:35,879
Speaker 11: we've got the benefit of it. You've got to say

1145
00:52:36,080 --> 00:52:38,400
Speaker 11: that's a one year challenge and two years to build it.

1146
00:52:38,440 --> 00:52:40,600
Speaker 11: We get it in three years. So we haven't helped

1147
00:52:40,640 --> 00:52:43,960
Speaker 11: ourselves by being wrestling very strategic about.

1148
00:52:44,560 --> 00:52:46,640
Speaker 2: What we need. Are half a dozen commissioners in this

1149
00:52:46,719 --> 00:52:49,160
Speaker 2: country to kick some mass and get this place going

1150
00:52:49,320 --> 00:52:51,520
Speaker 2: and enough of the democracy. I mean, look at Tower

1151
00:52:51,560 --> 00:52:53,759
Speaker 2: on or over the weekend. You see that thirty one

1152
00:52:53,800 --> 00:52:57,359
Speaker 2: percent turnover. People don't want democracy, do they? When given

1153
00:52:57,360 --> 00:52:58,720
Speaker 2: the opportunity, they can't be bothered?

1154
00:53:00,440 --> 00:53:02,920
Speaker 11: Well, look, I'll always send up for little democracy. I

1155
00:53:02,960 --> 00:53:04,200
Speaker 11: agree with you like it can be a hell of

1156
00:53:04,239 --> 00:53:07,320
Speaker 11: a lot better. My major focus is I think, you know,

1157
00:53:07,400 --> 00:53:10,320
Speaker 11: particularly central government which I'm responsible for, needs to deliver

1158
00:53:10,480 --> 00:53:11,920
Speaker 11: a hell of a lot better than it has been.

1159
00:53:12,239 --> 00:53:13,799
Speaker 11: And that's because you need to focus on the New

1160
00:53:13,880 --> 00:53:16,200
Speaker 11: Zealand people. You need to focus on outcomes and results.

1161
00:53:16,239 --> 00:53:18,640
Speaker 11: And I can tell you our culture change is happening

1162
00:53:18,680 --> 00:53:21,239
Speaker 11: here in Wellingcoln. We need to get our CEO's understanding

1163
00:53:21,560 --> 00:53:23,480
Speaker 11: and our cheers and our boards understanding. You have a

1164
00:53:23,560 --> 00:53:26,520
Speaker 11: massive responsibility to deliver results from New Zealanders. That's why

1165
00:53:26,560 --> 00:53:28,719
Speaker 11: you've seen us make interventions and KO. That's why you've

1166
00:53:28,719 --> 00:53:32,400
Speaker 11: seen us make interventions and Health New Zealand MZTA are

1167
00:53:32,480 --> 00:53:34,360
Speaker 11: other places as well. To make sure that we actually

1168
00:53:34,440 --> 00:53:37,680
Speaker 11: are getting organization and leaders that are driving And I'm

1169
00:53:37,719 --> 00:53:39,600
Speaker 11: saying why they're here. They're not here to manage bureaucracy,

1170
00:53:39,640 --> 00:53:40,680
Speaker 11: they're here to get things done.

1171
00:53:41,200 --> 00:53:43,040
Speaker 2: Hey do you know what I liked about David Seymore's

1172
00:53:43,040 --> 00:53:44,279
Speaker 2: acting Prime minister last week?

1173
00:53:45,600 --> 00:53:46,200
Speaker 11: No tell me.

1174
00:53:46,680 --> 00:53:48,239
Speaker 2: He told it like it was. Someone asked him a

1175
00:53:48,320 --> 00:53:50,080
Speaker 2: question about the Reserve Bank and he told it like

1176
00:53:50,160 --> 00:53:52,760
Speaker 2: it was. He said, we need relief. As Prime minister

1177
00:53:52,880 --> 00:53:55,040
Speaker 2: this morning, do we need relief from the Reserve Bank

1178
00:53:55,120 --> 00:53:55,279
Speaker 2: or not?

1179
00:53:56,520 --> 00:53:56,960
Speaker 17: Yeah, we do.

1180
00:53:57,200 --> 00:53:59,200
Speaker 11: But we've got a job to do, which is outside,

1181
00:53:59,239 --> 00:54:00,279
Speaker 11: which is, oh.

1182
00:54:00,160 --> 00:54:02,520
Speaker 2: You've done your jobs saving money like the snow tomorrow.

1183
00:54:03,440 --> 00:54:05,120
Speaker 11: We're pretty damn close. I mean, we've got to get

1184
00:54:05,120 --> 00:54:07,560
Speaker 11: inflation below three percent and then I would expect interest

1185
00:54:07,640 --> 00:54:09,239
Speaker 11: rates to be dropped, and then I would expect the

1186
00:54:09,239 --> 00:54:11,200
Speaker 11: economy to grow and I expect employment to grow.

1187
00:54:11,680 --> 00:54:13,799
Speaker 2: Would you expect interest rates to be dropped this year?

1188
00:54:16,360 --> 00:54:18,640
Speaker 11: Well, we're on track. We had a inflation came down

1189
00:54:18,640 --> 00:54:20,360
Speaker 11: to three point three and just saw food prices as

1190
00:54:20,400 --> 00:54:23,640
Speaker 11: the falling really quickly, interest rates to soften at the margins.

1191
00:54:24,160 --> 00:54:26,520
Speaker 11: But we find doing everything I can to get inflation

1192
00:54:26,600 --> 00:54:28,759
Speaker 11: below three and then I'm expecting interest rates to drop,

1193
00:54:29,200 --> 00:54:31,280
Speaker 11: and then I'm expecting that to make people want tost

1194
00:54:31,320 --> 00:54:32,080
Speaker 11: and grow our economy.

1195
00:54:32,160 --> 00:54:32,239
Speaker 5: Right.

1196
00:54:32,280 --> 00:54:34,640
Speaker 2: That keeps people the work and Jared curses when they

1197
00:54:34,760 --> 00:54:37,480
Speaker 2: go corns of us right, Jared curses when they go,

1198
00:54:37,560 --> 00:54:39,680
Speaker 2: they're going to go eight times? Eight times indicates to

1199
00:54:39,760 --> 00:54:41,640
Speaker 2: me that Adrian cocked it up? Did he cock it up?

1200
00:54:43,640 --> 00:54:46,360
Speaker 11: Well, we've we've had long conversations about I think they

1201
00:54:46,480 --> 00:54:48,279
Speaker 11: kept the printing money for way too long. On the

1202
00:54:48,440 --> 00:54:50,400
Speaker 11: on the other part of the cycle, I'm expecting a

1203
00:54:50,480 --> 00:54:52,400
Speaker 11: rapid response once we've done our job, which is to

1204
00:54:52,400 --> 00:54:53,680
Speaker 11: get inflashed on and drop.

1205
00:54:53,640 --> 00:54:56,919
Speaker 2: All right, as we go into the boot camp which

1206
00:54:56,960 --> 00:54:59,920
Speaker 2: has been launched as of this weekend, when will you

1207
00:55:00,000 --> 00:55:01,759
Speaker 2: you'll be able to come on this program and to

1208
00:55:01,960 --> 00:55:05,680
Speaker 2: all the naysayers and the whiners and the handwringers, say

1209
00:55:05,719 --> 00:55:08,120
Speaker 2: it worked well.

1210
00:55:08,280 --> 00:55:11,319
Speaker 11: I mean we've got a three month residential program. There's

1211
00:55:11,320 --> 00:55:13,719
Speaker 11: a nine month and home component to it.

1212
00:55:14,280 --> 00:55:14,920
Speaker 17: It's kicked off.

1213
00:55:14,960 --> 00:55:16,960
Speaker 11: As you know, we've been very transparent about it, had

1214
00:55:17,000 --> 00:55:18,440
Speaker 11: the media and there on to the weekends having a

1215
00:55:18,480 --> 00:55:20,879
Speaker 11: look at it all. You know, we should be able

1216
00:55:20,920 --> 00:55:22,600
Speaker 11: to get feedback back in that first three months.

1217
00:55:22,600 --> 00:55:24,520
Speaker 2: I would imagine, good to talk to you, appreciate it

1218
00:55:24,600 --> 00:55:26,960
Speaker 2: very much. A KRISTALH Luxton, Prime Minister thirteen away.

1219
00:55:26,800 --> 00:55:30,840
Speaker 3: From it, the Mike costume Breakfast didn't.

1220
00:55:30,640 --> 00:55:33,840
Speaker 2: National Mike kill the New Zealand pumped hydro project. Agree

1221
00:55:33,960 --> 00:55:36,759
Speaker 2: national need to start a few large infrastructure projects for power,

1222
00:55:36,760 --> 00:55:39,759
Speaker 2: will any I mean really the argument around the hydro, Yes,

1223
00:55:39,800 --> 00:55:41,200
Speaker 2: they did kill it, but they killed it because it

1224
00:55:41,280 --> 00:55:44,320
Speaker 2: was going to cost officially sixteen billion but probably double

1225
00:55:44,360 --> 00:55:46,399
Speaker 2: that to thirty billion dollars. And it's ridiculous. The whole

1226
00:55:46,400 --> 00:55:48,960
Speaker 2: thing that was absurd. But the power industry argue that

1227
00:55:49,040 --> 00:55:52,160
Speaker 2: by having that on the books, they didn't want to

1228
00:55:52,239 --> 00:55:55,000
Speaker 2: invest in anything because that was so big, So gargantu

1229
00:55:55,080 --> 00:55:57,200
Speaker 2: and what was the point. Now that's gone, they can

1230
00:55:57,239 --> 00:55:59,359
Speaker 2: allegedly get on that. All of this just takes time.

1231
00:55:59,400 --> 00:56:01,640
Speaker 2: That's the fall that aspect of that. Mike im back

1232
00:56:01,719 --> 00:56:03,920
Speaker 2: Luxton on the decision to bring in a commissioner. I

1233
00:56:04,000 --> 00:56:07,000
Speaker 2: also meant this' leby. He's a hospital management and leadership expert. Yeah. No,

1234
00:56:07,000 --> 00:56:09,239
Speaker 2: I don't think anyone dislikes leicster Leby. If anyone knows

1235
00:56:09,320 --> 00:56:12,319
Speaker 2: health inside out, upside outs him so as as an

1236
00:56:12,320 --> 00:56:15,560
Speaker 2: appointment to get stuff done goes, He's good same way

1237
00:56:15,680 --> 00:56:18,560
Speaker 2: Mooter's good at Kaya, or the same way Bennett's good

1238
00:56:18,680 --> 00:56:22,200
Speaker 2: at FARMAC. But I am worried that they knew about

1239
00:56:22,200 --> 00:56:24,000
Speaker 2: this in the latter part of last year and didn't

1240
00:56:24,080 --> 00:56:26,280
Speaker 2: really do much about it. At one hundred and thirty

1241
00:56:26,360 --> 00:56:30,080
Speaker 2: million dollars a month, it's not like they had the

1242
00:56:30,120 --> 00:56:31,839
Speaker 2: money to burn is at nine Away from eight.

1243
00:56:32,520 --> 00:56:36,000
Speaker 3: The Mike Hostle Breakfast with Jaguar News, Tom.

1244
00:56:35,920 --> 00:56:38,560
Speaker 2: Sedb wait for an answer before you start talking, Mike,

1245
00:56:38,600 --> 00:56:40,680
Speaker 2: you're better than this. Look at the reporter at the BBC,

1246
00:56:40,840 --> 00:56:43,120
Speaker 2: Stephen Sucker. He waited for an answer of you that

1247
00:56:43,200 --> 00:56:46,440
Speaker 2: actually watched Stephen Sucker. It's that program he does in

1248
00:56:46,480 --> 00:56:50,239
Speaker 2: the afternoon where he looks over his glasses. I hate

1249
00:56:50,280 --> 00:56:52,960
Speaker 2: those reporters on television that are so far up themselves

1250
00:56:53,000 --> 00:56:55,600
Speaker 2: that they've got their glasses down their nose and they

1251
00:56:55,760 --> 00:56:58,360
Speaker 2: pause too long, and then they look above their glasses

1252
00:56:59,040 --> 00:57:00,160
Speaker 2: and then ask a question.

1253
00:57:00,520 --> 00:57:02,840
Speaker 11: Oh, come on, come on, give me a break.

1254
00:57:03,400 --> 00:57:06,000
Speaker 2: Was that one truck from Christopher Laxi when it came

1255
00:57:06,080 --> 00:57:08,279
Speaker 2: to reducing the Reserve Bank rate DN? It could have

1256
00:57:08,320 --> 00:57:10,120
Speaker 2: been a truck, but I think that was a stitch

1257
00:57:10,200 --> 00:57:12,839
Speaker 2: up from Seymour. Sir Jared curses when they go they're

1258
00:57:12,840 --> 00:57:14,880
Speaker 2: going to go eight times? Eight times indicates to me

1259
00:57:14,960 --> 00:57:18,959
Speaker 2: that Adrian cocked it up. Did he cock it up. Well,

1260
00:57:19,440 --> 00:57:22,680
Speaker 2: we played a long compl he knew, he knew, he knew,

1261
00:57:22,920 --> 00:57:24,520
Speaker 2: David said him up. He's going to have a word

1262
00:57:24,560 --> 00:57:27,720
Speaker 2: with David anyway. Let me get to this this morning

1263
00:57:28,080 --> 00:57:30,920
Speaker 2: teens involved inness, Why they're changing the law on justice?

1264
00:57:31,760 --> 00:57:34,320
Speaker 2: So a teen involved in a service station armed robbery

1265
00:57:35,360 --> 00:57:38,600
Speaker 2: has got sixty five percent discount in court starting point

1266
00:57:38,640 --> 00:57:42,200
Speaker 2: four years ten months. This is a Nauru Ruben sentenced

1267
00:57:42,240 --> 00:57:45,680
Speaker 2: to four months home D four months a bit of

1268
00:57:45,840 --> 00:57:49,120
Speaker 2: armed robbery, but four months home D. A loss of

1269
00:57:49,200 --> 00:57:51,560
Speaker 2: more than fourteen thousand dollars in the robbery. This is

1270
00:57:51,600 --> 00:57:53,680
Speaker 2: at the Thames Gull service station back in January of

1271
00:57:53,720 --> 00:57:57,040
Speaker 2: this year, charged with aggravated robbery, maximum prison term of

1272
00:57:57,080 --> 00:57:58,840
Speaker 2: fourteen years. Was he going to get fourteen years? Of

1273
00:57:58,880 --> 00:58:01,840
Speaker 2: course he wasn't and lawfully also getting into a motor vehicle.

1274
00:58:02,360 --> 00:58:06,520
Speaker 2: So Judge Denise Clark starting point of four years ten months.

1275
00:58:06,560 --> 00:58:09,640
Speaker 2: So although you can get fourteen years, she decided starting

1276
00:58:09,720 --> 00:58:11,439
Speaker 2: at four years and ten months was a good place

1277
00:58:11,520 --> 00:58:15,960
Speaker 2: to be. The council Sasha Neppe successfully convinced her not

1278
00:58:16,040 --> 00:58:18,480
Speaker 2: to send the team to prison. Judge Clark got to

1279
00:58:18,520 --> 00:58:20,800
Speaker 2: an n jail term of eight months in prison, but

1280
00:58:20,880 --> 00:58:23,160
Speaker 2: because it was a term of prison under two years

1281
00:58:24,160 --> 00:58:29,160
Speaker 2: eligibly eligible to be converted into home D. So you

1282
00:58:29,280 --> 00:58:31,520
Speaker 2: can see why he of very clearly they need to

1283
00:58:31,560 --> 00:58:33,640
Speaker 2: do something about that. So the law that they want

1284
00:58:33,680 --> 00:58:35,480
Speaker 2: to pass still needs to be passed with the House

1285
00:58:35,880 --> 00:58:38,720
Speaker 2: judges restricted from imposing no more than forty percent worth

1286
00:58:38,760 --> 00:58:41,760
Speaker 2: of discounts sixty five percent in this case, why didn't

1287
00:58:41,760 --> 00:58:43,840
Speaker 2: they just make it a good, good old winter sale,

1288
00:58:43,920 --> 00:58:46,720
Speaker 2: make it ninety percent. Why don't you make it ninety

1289
00:58:46,720 --> 00:58:50,400
Speaker 2: percent discount and have one free. It comes into effect

1290
00:58:50,440 --> 00:58:54,480
Speaker 2: hopefully by next year. And you cannot tell me, Judge

1291
00:58:54,520 --> 00:58:58,440
Speaker 2: Denise Clark, that a sixty five percent discount for a

1292
00:58:58,480 --> 00:59:03,280
Speaker 2: bitter home D for an aggravated robbery is acceptable in

1293
00:59:03,400 --> 00:59:06,640
Speaker 2: twenty twenty four when you know what the community thinks

1294
00:59:06,680 --> 00:59:07,360
Speaker 2: about these things?

1295
00:59:07,680 --> 00:59:12,480
Speaker 1: What the big news Bold Opinions, the Mike Hosking Breakfast

1296
00:59:12,840 --> 00:59:17,440
Speaker 1: with Jaguar, the Art of Performance News togs edb bit a.

1297
00:59:17,480 --> 00:59:19,560
Speaker 2: Seven past table in the past twenty four hours, and

1298
00:59:19,600 --> 00:59:22,080
Speaker 2: the US President says quit the election race to Kamala

1299
00:59:22,120 --> 00:59:24,560
Speaker 2: Harris team seems to have cemented some real support and

1300
00:59:24,560 --> 00:59:26,520
Speaker 2: a lot of money. So where does this race go now?

1301
00:59:26,880 --> 00:59:29,520
Speaker 2: Mark Gilbert was the US Ambassador to this country between

1302
00:59:29,520 --> 00:59:32,680
Speaker 2: twenty fifteen and twenty seventeen, nominated, of course, by President Obama.

1303
00:59:32,960 --> 00:59:35,240
Speaker 2: He is a longtime friend of Joe Biden. Say some

1304
00:59:35,320 --> 00:59:37,240
Speaker 2: real insight now, Mirk Gilbert is with us.

1305
00:59:37,280 --> 00:59:39,080
Speaker 20: Mike Morning, Good morning the Order.

1306
00:59:39,400 --> 00:59:40,919
Speaker 2: I was going to ask you about the last couple

1307
00:59:40,960 --> 00:59:42,720
Speaker 2: of days. Let's go back a week to Butler and

1308
00:59:42,840 --> 00:59:45,800
Speaker 2: encompass all of that. What do you make of what's

1309
00:59:45,840 --> 00:59:46,840
Speaker 2: happening in your country.

1310
00:59:47,400 --> 00:59:50,640
Speaker 5: It's a real tragedy. And something I spoke about when

1311
00:59:50,680 --> 00:59:55,480
Speaker 5: I was in New Zealand is we have what I

1312
00:59:55,680 --> 01:00:01,840
Speaker 5: believe are inappropriate gun laws for any country, and I

1313
01:00:02,000 --> 01:00:05,520
Speaker 5: do believe in people's right to bear arms, but there's

1314
01:00:05,560 --> 01:00:09,360
Speaker 5: no reason for anyone to need a military style rifle.

1315
01:00:09,800 --> 01:00:13,880
Speaker 2: When President Biden spoke of taking the temperature down, did

1316
01:00:14,000 --> 01:00:16,360
Speaker 2: you believe that that was possible? Do you still believe

1317
01:00:16,400 --> 01:00:18,200
Speaker 2: that's possible or he was hopeful?

1318
01:00:19,080 --> 01:00:19,520
Speaker 11: I do not.

1319
01:00:20,320 --> 01:00:23,160
Speaker 5: I know that it's something that the president cares about.

1320
01:00:23,240 --> 01:00:27,120
Speaker 5: It's something that he had always cared about. Thirty plus

1321
01:00:27,240 --> 01:00:29,520
Speaker 5: years ago. He was the first one to get through

1322
01:00:31,000 --> 01:00:36,840
Speaker 5: gun laws to reduce the kind of arms that are

1323
01:00:36,960 --> 01:00:41,600
Speaker 5: not needed for hunting. Or for self protection, and during

1324
01:00:41,680 --> 01:00:44,040
Speaker 5: the ten years that that law was in effect, we

1325
01:00:44,120 --> 01:00:47,880
Speaker 5: saw a dramatic decline in those kinds of shootings here

1326
01:00:48,120 --> 01:00:52,000
Speaker 5: in the US. And although he was able to pass

1327
01:00:52,280 --> 01:00:56,120
Speaker 5: very significant gun laws, it's still not where we should be.

1328
01:00:57,040 --> 01:01:00,880
Speaker 2: When he asked to take the temperature down and it wasn't.

1329
01:01:00,920 --> 01:01:03,640
Speaker 2: It lasted about three and a half minutes. What's gone

1330
01:01:03,720 --> 01:01:07,479
Speaker 2: wrong with American politics that it is this visceral Well.

1331
01:01:07,960 --> 01:01:13,040
Speaker 5: I think our politics have become performative, and because of

1332
01:01:13,160 --> 01:01:22,560
Speaker 5: social media, many politicians believe by saying something outrageous, something

1333
01:01:23,520 --> 01:01:25,720
Speaker 5: you know that will catch the attention and get many

1334
01:01:26,000 --> 01:01:31,400
Speaker 5: likes and have many people watch. They see that as

1335
01:01:31,400 --> 01:01:35,920
Speaker 5: a way of gaining name recognition, and they believe that

1336
01:01:36,000 --> 01:01:40,680
Speaker 5: it helps them politically. I personally think it's terrible for

1337
01:01:40,840 --> 01:01:44,480
Speaker 5: our system and we need to get back to where

1338
01:01:44,520 --> 01:01:48,680
Speaker 5: we were, where we had two outstanding parties with great

1339
01:01:48,800 --> 01:01:52,880
Speaker 5: people with good ideas who work together to pass the

1340
01:01:52,960 --> 01:01:57,880
Speaker 5: best legislation for our country, and today we are nowhere

1341
01:01:58,000 --> 01:01:58,400
Speaker 5: near there.

1342
01:01:58,920 --> 01:02:01,880
Speaker 2: Now is that the view of most Americans? Have I

1343
01:02:02,040 --> 01:02:04,200
Speaker 2: rounded up, you're in pa City, Utah. If I round

1344
01:02:04,280 --> 01:02:07,000
Speaker 2: up the first hundred people I find, would they broadly speaking,

1345
01:02:07,080 --> 01:02:09,800
Speaker 2: no matter what side they're on, tell me the same thing.

1346
01:02:11,120 --> 01:02:15,960
Speaker 5: Utah is a very interesting place. It's probably seventy to

1347
01:02:16,120 --> 01:02:22,120
Speaker 5: eighty percent Mormon, and although it's a very conservative state,

1348
01:02:23,160 --> 01:02:27,720
Speaker 5: people here really care about other people. And the temperature

1349
01:02:28,000 --> 01:02:30,720
Speaker 5: of the politics that you see in Utah is very

1350
01:02:30,920 --> 01:02:35,000
Speaker 5: different than you will see in many red states around

1351
01:02:35,040 --> 01:02:39,600
Speaker 5: the country. The governor of Utah, Governor Pox, has an

1352
01:02:39,640 --> 01:02:44,280
Speaker 5: outstanding relationship with President Biden, and the two first Ladies

1353
01:02:44,440 --> 01:02:49,400
Speaker 5: have a wonderful working relationship. And sure they disagree on abortion,

1354
01:02:49,560 --> 01:02:53,400
Speaker 5: they disagree on the border, but in mostly everything else

1355
01:02:53,680 --> 01:02:57,800
Speaker 5: they agree because there are two people who really care

1356
01:02:58,200 --> 01:03:01,280
Speaker 5: about other people, and that's what's important.

1357
01:03:01,960 --> 01:03:03,560
Speaker 2: So what you need to more Utahs.

1358
01:03:05,400 --> 01:03:08,400
Speaker 5: We need more people who speak civilly to each other

1359
01:03:08,800 --> 01:03:11,280
Speaker 5: and work on the problem that we need to get solved.

1360
01:03:11,920 --> 01:03:14,840
Speaker 2: Having non President Biden, as long as you have two

1361
01:03:14,960 --> 01:03:17,480
Speaker 2: part question One, did you think he was always going

1362
01:03:17,560 --> 01:03:20,840
Speaker 2: to go to? Was Sunday your time of surprise?

1363
01:03:22,160 --> 01:03:28,000
Speaker 5: Sunday was not a surprise when President Biden ran in

1364
01:03:28,160 --> 01:03:31,400
Speaker 5: twenty twenty, and he felt compelled to run because of

1365
01:03:31,720 --> 01:03:36,560
Speaker 5: what happened in Charlotte's felt when President Trump equated people

1366
01:03:37,280 --> 01:03:41,240
Speaker 5: on both sides of being good people, and he thought

1367
01:03:41,280 --> 01:03:45,440
Speaker 5: compelled to run. He ran, he won. He's been an

1368
01:03:45,480 --> 01:03:49,480
Speaker 5: incredibly successful president, but he was also always going to

1369
01:03:49,520 --> 01:03:54,880
Speaker 5: be a transitional president from his generation to the next generation.

1370
01:03:55,280 --> 01:03:56,800
Speaker 20: Now, I didn't know when that.

1371
01:03:57,360 --> 01:04:00,560
Speaker 5: Point was going to be. But in the last month

1372
01:04:00,640 --> 01:04:03,840
Speaker 5: here in the United States, there has not been I

1373
01:04:03,880 --> 01:04:07,120
Speaker 5: shouldn't say it hasn't been. There's been very little discussion

1374
01:04:08,320 --> 01:04:14,240
Speaker 5: about the issues of the race. All the discussion has

1375
01:04:14,320 --> 01:04:18,800
Speaker 5: been about his age and help and unfortunately he was

1376
01:04:18,920 --> 01:04:22,360
Speaker 5: not able to change the narrative. And because of that,

1377
01:04:23,280 --> 01:04:26,680
Speaker 5: he felt that he needed to get the focus back

1378
01:04:26,800 --> 01:04:30,600
Speaker 5: on what are the important issues for people here in

1379
01:04:30,720 --> 01:04:33,800
Speaker 5: the United States. And I believe that's why he passed

1380
01:04:33,840 --> 01:04:35,640
Speaker 5: the torch to the vice president.

1381
01:04:36,320 --> 01:04:39,000
Speaker 2: They say he would be angry. Would that be your assessment?

1382
01:04:39,240 --> 01:04:41,880
Speaker 2: Was he treated badly in these last couple of months.

1383
01:04:43,080 --> 01:04:46,720
Speaker 5: I think there were those who didn't treat him well.

1384
01:04:47,600 --> 01:04:52,600
Speaker 5: This is a man who has served the country for

1385
01:04:52,760 --> 01:04:57,120
Speaker 5: fifty two years, served the country well, has been an

1386
01:04:57,240 --> 01:05:04,040
Speaker 5: incredibly successful president, have significant bipartisan legislation, and that's something

1387
01:05:04,120 --> 01:05:08,560
Speaker 5: that he was always known for. When I was asked

1388
01:05:08,600 --> 01:05:12,320
Speaker 5: the question, I believe he had earned the respect and

1389
01:05:12,440 --> 01:05:16,640
Speaker 5: the time to make this decision on his own, and

1390
01:05:17,400 --> 01:05:19,960
Speaker 5: I realized there were some you know, that were trying

1391
01:05:20,040 --> 01:05:23,360
Speaker 5: to force him out. I don't believe that that helped

1392
01:05:23,760 --> 01:05:26,960
Speaker 5: the situation, and I believe he made the decision that

1393
01:05:27,040 --> 01:05:29,480
Speaker 5: he felt it was right for him, for his family

1394
01:05:30,040 --> 01:05:30,960
Speaker 5: and for our country.

1395
01:05:31,160 --> 01:05:32,919
Speaker 2: Mike, listen, just hold on there a couple of moments.

1396
01:05:32,960 --> 01:05:36,160
Speaker 2: We'll get to the VP rights or the presidential candidacy

1397
01:05:36,240 --> 01:05:38,160
Speaker 2: rights in just a couple of moments. Mark Gilbert, former

1398
01:05:38,160 --> 01:05:44,360
Speaker 2: Ambassador to New Zealand, thirteen past eight, The Breakfast, sixteen

1399
01:05:44,360 --> 01:05:46,800
Speaker 2: past eight. Mark Gilbert form a US Ambassador to the

1400
01:05:46,840 --> 01:05:48,800
Speaker 2: New Zealand, long time friend of Joe Biden with us.

1401
01:05:48,840 --> 01:05:50,320
Speaker 2: Now do you have Mark, do you have a view

1402
01:05:50,400 --> 01:05:52,960
Speaker 2: on Kamala Harris how this process should go forward or not?

1403
01:05:53,480 --> 01:05:54,120
Speaker 5: Well?

1404
01:05:54,280 --> 01:05:54,720
Speaker 3: I do.

1405
01:05:54,960 --> 01:05:58,919
Speaker 5: I know the Vice president and just by sheer coincident,

1406
01:06:00,040 --> 01:06:02,440
Speaker 5: we were hosting an event for her at our house

1407
01:06:03,240 --> 01:06:06,640
Speaker 5: the day after the debate, so we had her with

1408
01:06:06,760 --> 01:06:08,959
Speaker 5: about two hundred and twenty five guests at her home

1409
01:06:10,080 --> 01:06:14,840
Speaker 5: for her. She was excellent. She addressed the debate. She

1410
01:06:15,000 --> 01:06:20,040
Speaker 5: then pivoted to the issues that the administration had worked

1411
01:06:20,080 --> 01:06:23,440
Speaker 5: on and the ones to work on going forward. I

1412
01:06:23,520 --> 01:06:26,840
Speaker 5: think she has grown incredibly in her three and a

1413
01:06:26,880 --> 01:06:30,240
Speaker 5: half years as Vice president. She has traveled the world.

1414
01:06:30,360 --> 01:06:34,080
Speaker 5: She's met with one hundred and fifty world leaders, and

1415
01:06:34,240 --> 01:06:37,160
Speaker 5: I believe she is the right person at this time

1416
01:06:38,040 --> 01:06:39,440
Speaker 5: to carry that torch forward.

1417
01:06:40,080 --> 01:06:42,840
Speaker 2: Depending on who she picks as a running mic, does

1418
01:06:42,960 --> 01:06:43,480
Speaker 2: that matter?

1419
01:06:44,760 --> 01:06:48,240
Speaker 5: I believe that it does. Because of the lateness of

1420
01:06:48,320 --> 01:06:51,680
Speaker 5: the change, I think it will have more bearing than

1421
01:06:51,720 --> 01:06:54,760
Speaker 5: it normally does. Although I will tell you the vast

1422
01:06:54,920 --> 01:06:57,880
Speaker 5: majority of people vote for whom's at the top of

1423
01:06:57,960 --> 01:07:03,000
Speaker 5: the ticket, and where I don't believe jd Vance is

1424
01:07:03,320 --> 01:07:06,600
Speaker 5: added it to Donald Trump. I think he reinforces Donald

1425
01:07:06,640 --> 01:07:11,840
Speaker 5: Trump's policies. I think picking a senator like Mark Kelly,

1426
01:07:12,760 --> 01:07:17,200
Speaker 5: who was a fighter pilot astronaut of course stood by

1427
01:07:17,240 --> 01:07:21,400
Speaker 5: his wife, Gabby Gifferts after she was shot, you know,

1428
01:07:21,520 --> 01:07:24,480
Speaker 5: more than a decade ago, in a swing state, I

1429
01:07:24,600 --> 01:07:27,960
Speaker 5: think he would be additive to the ticket. Or Roy Cooper,

1430
01:07:28,480 --> 01:07:32,640
Speaker 5: a very well respected governor, well wipe on both sides

1431
01:07:32,640 --> 01:07:35,680
Speaker 5: of the aisle from North Carolina, which will also, in

1432
01:07:35,800 --> 01:07:39,520
Speaker 5: my opinion, be a swing state in this election. But

1433
01:07:39,640 --> 01:07:42,560
Speaker 5: there are other good candidates that they're out there also.

1434
01:07:43,440 --> 01:07:48,440
Speaker 2: Is America ready for a woman president before you even

1435
01:07:48,440 --> 01:07:50,440
Speaker 2: get to the fact that woman of Keller president.

1436
01:07:52,040 --> 01:07:53,240
Speaker 5: If we're not, we should be.

1437
01:07:55,320 --> 01:07:58,680
Speaker 2: That's the problem though, isn't it should be? But maybe

1438
01:07:58,720 --> 01:08:00,920
Speaker 2: you want, maybe you want and and is that a

1439
01:08:01,000 --> 01:08:02,400
Speaker 2: material issue for the party.

1440
01:08:02,800 --> 01:08:04,800
Speaker 5: Well when you think about it, I mean, look at

1441
01:08:04,880 --> 01:08:07,440
Speaker 5: New Zealand. New Zealand was the first country to have

1442
01:08:07,680 --> 01:08:10,760
Speaker 5: a woman at the head of all the major phocisions

1443
01:08:10,920 --> 01:08:13,920
Speaker 5: at one time, you know, the first country to ever

1444
01:08:14,040 --> 01:08:18,120
Speaker 5: have that happen. I think we're behind in that respect,

1445
01:08:18,680 --> 01:08:22,960
Speaker 5: but you know, we elected a female vice president for

1446
01:08:23,040 --> 01:08:25,439
Speaker 5: the first time, so I think it is time that

1447
01:08:25,560 --> 01:08:31,919
Speaker 5: we elect a female president. We have many effective female governors.

1448
01:08:32,520 --> 01:08:35,360
Speaker 5: You know, women in all aspects of life have shown

1449
01:08:35,479 --> 01:08:39,519
Speaker 5: how they can lead. And I believe that that shouldn't

1450
01:08:39,560 --> 01:08:42,439
Speaker 5: be the reason why someone votes for you. They shouldn't

1451
01:08:42,439 --> 01:08:44,680
Speaker 5: be voting for you because of your color, because of

1452
01:08:45,720 --> 01:08:48,759
Speaker 5: your ethnicity, because of your sex. They should be voting

1453
01:08:48,800 --> 01:08:51,240
Speaker 5: for you because they believe that you will be the

1454
01:08:51,320 --> 01:08:54,360
Speaker 5: best person to lead the country forward. And I think

1455
01:08:54,439 --> 01:08:58,920
Speaker 5: when you have the comparison before between the current vice

1456
01:08:58,960 --> 01:09:02,160
Speaker 5: president and the former president, I think it's very obvious

1457
01:09:02,439 --> 01:09:05,960
Speaker 5: you know who airs more about the people in this country.

1458
01:09:06,360 --> 01:09:08,599
Speaker 2: As we sit and talk on this July morning, Mark,

1459
01:09:08,680 --> 01:09:10,200
Speaker 2: do you want to make a call for November.

1460
01:09:11,400 --> 01:09:14,400
Speaker 5: I have always believed that the American people would do

1461
01:09:14,479 --> 01:09:18,560
Speaker 5: the right thing. Donald Trump is a danger to democracy.

1462
01:09:19,240 --> 01:09:28,240
Speaker 5: He's a danger to the world order. Praising authoritarian praising dictators,

1463
01:09:29,680 --> 01:09:33,760
Speaker 5: talking about how Russia should invade NATO countries. That's not

1464
01:09:33,880 --> 01:09:36,839
Speaker 5: the kind of person that we should have leading this country.

1465
01:09:37,320 --> 01:09:41,040
Speaker 5: And he is someone who only cares about himself. That's

1466
01:09:41,120 --> 01:09:44,639
Speaker 5: why I believe the American people will vote for whomever

1467
01:09:45,000 --> 01:09:48,360
Speaker 5: ends up being the Democratic nominee. I do believe that

1468
01:09:48,479 --> 01:09:52,200
Speaker 5: that will be the Vice president, Kamala Harris, and I

1469
01:09:52,280 --> 01:09:55,519
Speaker 5: do believe she'll win. One thing I'll note to you

1470
01:09:55,520 --> 01:09:59,080
Speaker 5: a little inside baseball in twenty twenty two in our

1471
01:09:59,160 --> 01:10:04,400
Speaker 5: midterm election, and where Democrats did significantly better than anybody projected,

1472
01:10:05,000 --> 01:10:09,120
Speaker 5: it's because the American people stood up for democracy. Now, granted,

1473
01:10:09,200 --> 01:10:13,080
Speaker 5: in our House of Representatives, it was pretty tribal. If

1474
01:10:13,120 --> 01:10:15,479
Speaker 5: you were a Republican, you voted for the Republican in

1475
01:10:15,600 --> 01:10:17,560
Speaker 5: your district. If you were a Democrat, you voted for

1476
01:10:17,680 --> 01:10:21,640
Speaker 5: the Democrat. But when it came to statewide races for

1477
01:10:21,840 --> 01:10:25,720
Speaker 5: people who control the levers of democracy, whether it was

1478
01:10:25,800 --> 01:10:30,320
Speaker 5: the governor, of the Secretary of State or an attorney general.

1479
01:10:30,720 --> 01:10:36,000
Speaker 5: In those individual states, all of the election deniers, all

1480
01:10:36,120 --> 01:10:40,040
Speaker 5: the people who did not promote democracy, every single one

1481
01:10:40,120 --> 01:10:43,200
Speaker 5: of them lost. And that made me feel good about

1482
01:10:43,240 --> 01:10:46,960
Speaker 5: the people here in the United States that they differentiated

1483
01:10:47,520 --> 01:10:51,439
Speaker 5: between who cared about democracy and who didn't. And I

1484
01:10:51,520 --> 01:10:54,200
Speaker 5: believe those same people will stand up in November.

1485
01:10:54,560 --> 01:10:56,479
Speaker 2: Mike, listen, and I appreciate you time very much. And

1486
01:10:56,640 --> 01:10:59,320
Speaker 2: inside Mike Gilbert, who's the from the US Ambassador to

1487
01:10:59,439 --> 01:11:02,240
Speaker 2: New Zealand appointed under President Obama.

1488
01:11:02,400 --> 01:11:06,160
Speaker 1: It is eight twenty one the Mic Hosking Breakfast with

1489
01:11:06,400 --> 01:11:08,400
Speaker 1: Bailey's Real Estate News Talk SV.

1490
01:11:09,760 --> 01:11:11,920
Speaker 2: In every corner of the property market, you will see

1491
01:11:11,960 --> 01:11:14,160
Speaker 2: one name, time and time again, Bailey's, of course, Bailey's

1492
01:11:14,200 --> 01:11:16,400
Speaker 2: Real Estate. From humble beginning, it's a great story, really

1493
01:11:16,439 --> 01:11:19,280
Speaker 2: humble beginnings to a position as New Zealand's largest locally owned,

1494
01:11:19,280 --> 01:11:22,640
Speaker 2: full service real estate agency. Bailey's have got the expertise

1495
01:11:22,720 --> 01:11:25,240
Speaker 2: right across the residential, the commercial, and the rural sectors.

1496
01:11:25,240 --> 01:11:28,120
Speaker 2: They produce all together better results for the client's time

1497
01:11:28,160 --> 01:11:30,360
Speaker 2: after time. It doesn't matter whether you're on the farm,

1498
01:11:30,400 --> 01:11:32,840
Speaker 2: in a warehouse, opening the doors to your dream home.

1499
01:11:32,920 --> 01:11:35,760
Speaker 2: Their team of more than two thousand professionals have got

1500
01:11:35,800 --> 01:11:37,640
Speaker 2: the skills and the knowledge and the networks to add

1501
01:11:37,720 --> 01:11:40,120
Speaker 2: the value to your endeavors, which is why Bailey's is

1502
01:11:40,160 --> 01:11:42,680
Speaker 2: the country's most trusted real estate brand, backed by the

1503
01:11:42,760 --> 01:11:44,880
Speaker 2: proven track record of finding the buyers others can't and

1504
01:11:44,920 --> 01:11:47,240
Speaker 2: putting people at the heart of everything they do. They've

1505
01:11:47,280 --> 01:11:50,200
Speaker 2: done real estate differently since nineteen seventy three, and they

1506
01:11:50,280 --> 01:11:53,160
Speaker 2: will keep doing things all together better in every sector,

1507
01:11:53,280 --> 01:11:55,880
Speaker 2: for every Kiwi for the next fifty years and beyond.

1508
01:11:55,960 --> 01:11:58,400
Speaker 2: It's a good news story. It's licensed, of course under

1509
01:11:58,400 --> 01:12:00,840
Speaker 2: the RAA Act of two thousand and night. Here's where

1510
01:12:00,880 --> 01:12:03,240
Speaker 2: you go Baileys dot Co dot Nz and you can

1511
01:12:03,280 --> 01:12:07,000
Speaker 2: discover the difference that is Baileys dot Co dot Nz.

1512
01:12:07,560 --> 01:12:10,680
Speaker 2: Pasking the American politics a couple of good pieces of

1513
01:12:10,720 --> 01:12:13,760
Speaker 2: reading Nick Bryant yesterday in the Sydney Morning Herald Biden

1514
01:12:13,800 --> 01:12:17,160
Speaker 2: couldn't withstand the friendly fire, but will as self sacrifice

1515
01:12:17,200 --> 01:12:19,839
Speaker 2: save the Democrats. He opens with a great line around

1516
01:12:19,920 --> 01:12:23,360
Speaker 2: us in epic history swirls. It's very good point. Peter

1517
01:12:23,439 --> 01:12:26,000
Speaker 2: Hartch this morning in the same paper, and I got

1518
01:12:26,000 --> 01:12:27,840
Speaker 2: a lot of time for Peter Harchy says, here's why

1519
01:12:27,920 --> 01:12:30,120
Speaker 2: Trump is still on track to win. They've done some

1520
01:12:30,240 --> 01:12:34,519
Speaker 2: analysis Project five thirty eight. Harris is a slightly higher

1521
01:12:34,600 --> 01:12:37,439
Speaker 2: chance of winning the electoral college thirty eight and one

1522
01:12:37,479 --> 01:12:40,040
Speaker 2: hundred versus thirty five and one hundred, so barely. But

1523
01:12:40,160 --> 01:12:42,160
Speaker 2: if you look at it more comprehensibly, a full set

1524
01:12:42,200 --> 01:12:45,679
Speaker 2: of information from what they call their full forecast model,

1525
01:12:46,479 --> 01:12:49,080
Speaker 2: Harris does much worse than Biden across the board. Biden

1526
01:12:49,120 --> 01:12:50,719
Speaker 2: has a forty eight and one hundred chants of winning

1527
01:12:50,720 --> 01:12:53,160
Speaker 2: the electoral college. Harris only thirty one and one hundred,

1528
01:12:53,200 --> 01:12:56,000
Speaker 2: so forty eight versus thirty one. That's a material difference.

1529
01:12:56,360 --> 01:13:00,479
Speaker 2: Three liabilities, He writes, she was in the administration and

1530
01:13:00,920 --> 01:13:04,680
Speaker 2: was had special responsibility for the illegal immigration that's been

1531
01:13:04,760 --> 01:13:10,200
Speaker 2: a disaster. She's fifty nine, so not decrepit. A pro

1532
01:13:10,400 --> 01:13:12,560
Speaker 2: Trunk group launched to television ad should look at it,

1533
01:13:12,680 --> 01:13:15,320
Speaker 2: says that Harris covered up Joe Biden's obvious mental decline, So,

1534
01:13:15,360 --> 01:13:19,599
Speaker 2: in other words, she's culpable. Third if her identity as

1535
01:13:19,640 --> 01:13:22,720
Speaker 2: an Asian African Afro American woman, as potential advantage. With

1536
01:13:22,880 --> 01:13:25,160
Speaker 2: some constituencies, the loss of a white man from a

1537
01:13:25,240 --> 01:13:28,880
Speaker 2: working class background is also a disadvantage, so it is

1538
01:13:29,040 --> 01:13:34,040
Speaker 2: not clear whether she actually changes much. She's a circuit breaker.

1539
01:13:34,680 --> 01:13:36,880
Speaker 2: But Peter argues that's about as good as it gets.

1540
01:13:36,920 --> 01:13:39,679
Speaker 2: The Democrats have changed this situation, that is not yet

1541
01:13:39,800 --> 01:13:43,800
Speaker 2: evidence that they've improved it. So his summation is it

1542
01:13:43,880 --> 01:13:46,320
Speaker 2: is and its mind too that it is still Biden's

1543
01:13:46,360 --> 01:13:50,000
Speaker 2: to lose. Nick Brant, not surprisingly, perhaps takes a slightly

1544
01:13:50,080 --> 01:13:54,280
Speaker 2: different view depending on how things unfold. For basically, for Biden,

1545
01:13:55,000 --> 01:13:57,040
Speaker 2: he may well be seen as one of the greats

1546
01:13:57,080 --> 01:13:59,280
Speaker 2: by the end of the day if this particular move

1547
01:13:59,520 --> 01:14:02,160
Speaker 2: pays off news for you next and then we will

1548
01:14:02,200 --> 01:14:03,320
Speaker 2: go to the UK and.

1549
01:14:03,479 --> 01:14:09,840
Speaker 1: Rod your trusted source for news and fews the mic

1550
01:14:09,960 --> 01:14:14,040
Speaker 1: asking breakfast with Bailey's real estate doing real estate differently

1551
01:14:14,160 --> 01:14:17,200
Speaker 1: since nineteen seventy three, news togsadb.

1552
01:14:17,120 --> 01:14:20,439
Speaker 2: Well the wars yesterday and what's happened in America is

1553
01:14:21,479 --> 01:14:25,479
Speaker 2: Netnyahoo had saved them because Trump advance are so on

1554
01:14:25,880 --> 01:14:29,839
Speaker 2: Israel's side, it's not funny, So that's good news for Israel.

1555
01:14:30,160 --> 01:14:31,840
Speaker 2: On the other side of the war, they're so not

1556
01:14:32,040 --> 01:14:34,560
Speaker 2: on Ukraine side. It's not funny. And so if I

1557
01:14:34,680 --> 01:14:40,040
Speaker 2: was Zelenski, I'd be absolutely beside myself with fear as

1558
01:14:40,040 --> 01:14:42,040
Speaker 2: to what's going to happen should Trump win the election.

1559
01:14:42,280 --> 01:14:45,720
Speaker 2: And to add to that, Germany has announced in the

1560
01:14:45,800 --> 01:14:48,040
Speaker 2: last couple of days they're planning to harve their military

1561
01:14:48,080 --> 01:14:50,200
Speaker 2: aid for Ukraine. This is Germany, this is part of NATO,

1562
01:14:50,280 --> 01:14:52,680
Speaker 2: this is Europe, this is their neighbor. They're going to

1563
01:14:52,880 --> 01:14:55,800
Speaker 2: harve the amount of money they give. No one's given

1564
01:14:55,840 --> 01:14:58,760
Speaker 2: more than America. But the defense budget for next year

1565
01:14:59,240 --> 01:15:00,960
Speaker 2: is going to be raised by one point three billion

1566
01:15:01,000 --> 01:15:06,519
Speaker 2: euros to fifty three billion euros. But despite that, because

1567
01:15:06,520 --> 01:15:08,599
Speaker 2: of course, everyone's under pressure to pay their way in NATO,

1568
01:15:08,640 --> 01:15:10,240
Speaker 2: because they think if Trump wins, there's no way in

1569
01:15:10,240 --> 01:15:12,200
Speaker 2: American way in the hell, America is going to be

1570
01:15:12,240 --> 01:15:14,360
Speaker 2: paying what they pay currently to NATO. So everyone's going

1571
01:15:14,400 --> 01:15:16,360
Speaker 2: to have to stump up. But in stomping up to NATO,

1572
01:15:16,360 --> 01:15:19,040
Speaker 2: they're not stomping up to the Ukraine. So America pulls

1573
01:15:19,080 --> 01:15:21,880
Speaker 2: upin on Ukraine. Germany's pulling the pin to a degree

1574
01:15:21,920 --> 01:15:23,639
Speaker 2: on the Ukraine. Lord knows what the rest of NATO

1575
01:15:23,680 --> 01:15:26,400
Speaker 2: and Europe are doing. But if I was Zelenski, I'd

1576
01:15:26,439 --> 01:15:29,280
Speaker 2: be absolutely fearful. If I Wasntnyah who I'd be laughing

1577
01:15:29,680 --> 01:15:31,439
Speaker 2: Ironica twenty two minutes away.

1578
01:15:31,200 --> 01:15:35,400
Speaker 15: From nine International correspondence with ends in eye insurance peace

1579
01:15:35,439 --> 01:15:36,880
Speaker 15: of mind for New Zealand business.

1580
01:15:36,960 --> 01:15:39,040
Speaker 2: WoT can we go ron a little very good morning

1581
01:15:39,120 --> 01:15:42,559
Speaker 2: to you mate. We don't normally dabble in the tabloid

1582
01:15:42,640 --> 01:15:45,200
Speaker 2: end of the spectrum, but this strictly come dancing thing

1583
01:15:45,840 --> 01:15:49,000
Speaker 2: where gian Carlo or Gianni or whatever his name is

1584
01:15:49,280 --> 01:15:50,960
Speaker 2: got booted out, that there seems to have been this

1585
01:15:51,080 --> 01:15:55,519
Speaker 2: ongoing investigation which which will not die, and an endless

1586
01:15:55,560 --> 01:15:57,840
Speaker 2: series of complaints, and now this morning's headline, I note

1587
01:15:57,880 --> 01:16:00,439
Speaker 2: with a great deal of interest, is the possibility that

1588
01:16:00,600 --> 01:16:03,560
Speaker 2: it may not survive as a program. How real is this?

1589
01:16:03,760 --> 01:16:04,800
Speaker 2: How serious is this?

1590
01:16:05,120 --> 01:16:05,280
Speaker 6: Oh?

1591
01:16:06,320 --> 01:16:08,400
Speaker 19: It may be wishful thinking on my part, but I

1592
01:16:08,520 --> 01:16:13,240
Speaker 19: think it's very very possible and probably likely because it's

1593
01:16:13,320 --> 01:16:16,800
Speaker 19: not just the story which you alluded to, which is

1594
01:16:16,880 --> 01:16:21,880
Speaker 19: about his irascible and sexist behavior and bullying behavior and

1595
01:16:22,000 --> 01:16:25,320
Speaker 19: so on. It's also other people coming onto the closet

1596
01:16:25,360 --> 01:16:27,320
Speaker 19: and say, well, actually this happened to me and I

1597
01:16:27,600 --> 01:16:32,120
Speaker 19: was bullied even the Great Explorancity backle So that athlete

1598
01:16:32,280 --> 01:16:35,720
Speaker 19: was said that he'd been bullied by a woman and

1599
01:16:36,000 --> 01:16:40,960
Speaker 19: was roundly mocked for what he said. And this is

1600
01:16:41,040 --> 01:16:43,040
Speaker 19: the way these things tend to work. I don't know,

1601
01:16:43,160 --> 01:16:44,439
Speaker 19: do you have strictly over there.

1602
01:16:44,800 --> 01:16:45,200
Speaker 15: We don't have.

1603
01:16:45,760 --> 01:16:47,960
Speaker 2: We have our version of it, but that got canceled

1604
01:16:47,960 --> 01:16:48,800
Speaker 2: because no one watched it.

1605
01:16:49,360 --> 01:16:53,679
Speaker 19: Well, what a commendable nature you are. I've never quite

1606
01:16:53,720 --> 01:16:56,960
Speaker 19: seen the point of it. But this is the way

1607
01:16:57,040 --> 01:16:59,519
Speaker 19: this thing tends to go, which is it's snowballs and

1608
01:16:59,560 --> 01:17:02,360
Speaker 19: snowballs more and more people come out of the closet

1609
01:17:02,439 --> 01:17:05,400
Speaker 19: and say, well, actually someone asked me to go for

1610
01:17:05,479 --> 01:17:07,880
Speaker 19: a coffee in their room the other day, and I

1611
01:17:08,000 --> 01:17:10,400
Speaker 19: thought that was a bit much. And it just grows

1612
01:17:10,439 --> 01:17:15,799
Speaker 19: into this ball of hatred and fury and gets canceled

1613
01:17:16,080 --> 01:17:19,760
Speaker 19: when the BBC thinks it's, you know, more trouble that

1614
01:17:19,840 --> 01:17:23,160
Speaker 19: it's worth. I do wonder a little bit, because I've

1615
01:17:23,280 --> 01:17:28,479
Speaker 19: presented a few documentaries and being on a couple of

1616
01:17:28,600 --> 01:17:31,040
Speaker 19: quiz shows and all that kind of thing, if it's

1617
01:17:31,120 --> 01:17:34,519
Speaker 19: not something to do with the nature of television that

1618
01:17:34,960 --> 01:17:38,639
Speaker 19: tends to accacerbate these things. I mean, you are there

1619
01:17:38,720 --> 01:17:41,080
Speaker 19: in the spotlight and you begin to think you're the

1620
01:17:41,160 --> 01:17:45,360
Speaker 19: only person in the world. It's an extraordinarily narcissistic genre.

1621
01:17:46,439 --> 01:17:49,040
Speaker 19: And it seems to me that the behavior of some

1622
01:17:49,160 --> 01:17:51,200
Speaker 19: of these people is exactly I remember the first time

1623
01:17:51,240 --> 01:17:54,800
Speaker 19: I did television, and I was a perfectly normal human being,

1624
01:17:55,520 --> 01:17:57,439
Speaker 19: and I was waiting in the spotlight, ready to do

1625
01:17:57,560 --> 01:18:00,920
Speaker 19: my bit, and I've suddenly heard myself, can someone get

1626
01:18:00,960 --> 01:18:02,519
Speaker 19: me a glass of chilled white wine?

1627
01:18:02,600 --> 01:18:02,920
Speaker 3: Please?

1628
01:18:03,320 --> 01:18:06,040
Speaker 19: And I thought, you have turned into a tossa in

1629
01:18:06,360 --> 01:18:12,040
Speaker 19: two minutes. Two minutes. So I think there's something of

1630
01:18:12,120 --> 01:18:16,360
Speaker 19: that in it. If it goes. It is extraordinarily popular

1631
01:18:17,520 --> 01:18:22,160
Speaker 19: watching celebs do things, whether it be God help us, baking, sewing,

1632
01:18:22,400 --> 01:18:26,479
Speaker 19: or dancing, seems to be incredibly popular. I do not

1633
01:18:26,960 --> 01:18:28,640
Speaker 19: I cannot fathom why that is.

1634
01:18:28,920 --> 01:18:30,840
Speaker 2: It's a weird. It's a weird all business. Tell me

1635
01:18:30,880 --> 01:18:33,160
Speaker 2: where we're at with the Tory leadership, any progress or not?

1636
01:18:33,920 --> 01:18:36,400
Speaker 19: No, not really. It's been a very quiet weekend with

1637
01:18:36,439 --> 01:18:39,800
Speaker 19: all the focus of attention on America, which is of

1638
01:18:39,880 --> 01:18:44,040
Speaker 19: course very important for the Labor Party. And my suspicion

1639
01:18:44,120 --> 01:18:47,519
Speaker 19: is at the Labor Party are now gagging for Kamala

1640
01:18:47,600 --> 01:18:53,160
Speaker 19: Abs to somehow to somehow win not really the nomination

1641
01:18:53,280 --> 01:18:57,360
Speaker 19: but also the presidency, given that so many members of

1642
01:18:57,439 --> 01:19:01,840
Speaker 19: the Labor team have very very bad relationships indeed with

1643
01:19:01,920 --> 01:19:06,400
Speaker 19: Donald Trump. So that's taken up most of the of

1644
01:19:06,479 --> 01:19:09,799
Speaker 19: the bandwidth, as people say these days. But there are movements.

1645
01:19:09,840 --> 01:19:14,080
Speaker 19: I don't know, did I mention Tom Twogan have to y? Yeah,

1646
01:19:14,400 --> 01:19:17,720
Speaker 19: I think that that's growing a little bit. And it's

1647
01:19:17,840 --> 01:19:20,400
Speaker 19: always the case, you know, we started out on this

1648
01:19:20,600 --> 01:19:24,000
Speaker 19: process which hasn't actually been announced or sorted out yet,

1649
01:19:24,280 --> 01:19:26,800
Speaker 19: but we started out on this process with Kenny Badenoch

1650
01:19:27,479 --> 01:19:31,760
Speaker 19: and Suel Braverman and perhaps pretty Patel, all of them

1651
01:19:31,800 --> 01:19:35,719
Speaker 19: from the right of the party, taking votes, probably taking

1652
01:19:35,840 --> 01:19:38,920
Speaker 19: votes off each other, and giving credence to the fact

1653
01:19:38,960 --> 01:19:43,400
Speaker 19: that the front runner never wins the Conservative Party leadership election.

1654
01:19:43,960 --> 01:19:46,160
Speaker 19: And so my guess is, if I have to make

1655
01:19:46,200 --> 01:19:48,720
Speaker 19: a guess now, it will be someone who kind of

1656
01:19:49,680 --> 01:19:54,280
Speaker 19: shape shifts between various poles of the Conservative Party rather

1657
01:19:54,400 --> 01:19:57,880
Speaker 19: than is outright someone from the right or someone from

1658
01:19:57,880 --> 01:19:58,240
Speaker 19: the left.

1659
01:19:58,600 --> 01:20:00,519
Speaker 2: Have I got a talent problem? I'm reading over the

1660
01:20:00,560 --> 01:20:02,599
Speaker 2: weekend that four and ten of them have now got

1661
01:20:02,680 --> 01:20:05,720
Speaker 2: front front bench roll. So diminished in numbers are they

1662
01:20:05,880 --> 01:20:07,439
Speaker 2: is there is there a fair assessment.

1663
01:20:08,160 --> 01:20:10,519
Speaker 19: Yes it is, I mean, but then you might arsk

1664
01:20:10,600 --> 01:20:13,439
Speaker 19: you with some force that they had a talent problem

1665
01:20:13,520 --> 01:20:19,799
Speaker 19: even before the last election. You know, I think generally speaking,

1666
01:20:20,479 --> 01:20:22,960
Speaker 19: I think the Labor Party front bench is pretty competent

1667
01:20:23,479 --> 01:20:25,880
Speaker 19: and there's some good names on there. But by and

1668
01:20:25,960 --> 01:20:28,320
Speaker 19: large I think British politics has a talent problem. And

1669
01:20:28,439 --> 01:20:31,439
Speaker 19: part of it is the odium in which politicians are

1670
01:20:31,479 --> 01:20:37,000
Speaker 19: held by the general public, often an unfair odium. And

1671
01:20:37,160 --> 01:20:38,759
Speaker 19: part of it is the fact that they get paid

1672
01:20:39,240 --> 01:20:42,640
Speaker 19: seven to sixth of nothing. You know, it is not

1673
01:20:42,720 --> 01:20:45,640
Speaker 19: an attractive job to go into. So yes, there is

1674
01:20:45,680 --> 01:20:47,680
Speaker 19: a talent problem, and there's certainly a talent problem in

1675
01:20:47,720 --> 01:20:49,080
Speaker 19: the in the Tory benches.

1676
01:20:49,320 --> 01:20:52,479
Speaker 2: And just quickly rob before we rep since we last talked,

1677
01:20:52,720 --> 01:20:55,720
Speaker 2: Leeds blew up, of course, And is that because it's

1678
01:20:55,880 --> 01:20:58,680
Speaker 2: leads or because it was just a one off or

1679
01:20:58,760 --> 01:21:02,120
Speaker 2: have we got something bit serious under the skin there

1680
01:21:02,160 --> 01:21:03,200
Speaker 2: that needs to be watched.

1681
01:21:03,840 --> 01:21:07,160
Speaker 19: Well you would probably be better place to find out

1682
01:21:07,200 --> 01:21:10,439
Speaker 19: than I would, because I'm telling you, mate, I read

1683
01:21:11,040 --> 01:21:15,880
Speaker 19: about forty newspaper pieces about these riots in Leads and

1684
01:21:16,120 --> 01:21:19,479
Speaker 19: I could not work out who was doing them. Nobody

1685
01:21:19,640 --> 01:21:24,720
Speaker 19: would say we've found out since that it's probably the

1686
01:21:24,840 --> 01:21:29,519
Speaker 19: Roma community, but nobody would say this, and so that

1687
01:21:30,160 --> 01:21:33,040
Speaker 19: is what I think will be the main problem which

1688
01:21:33,560 --> 01:21:38,360
Speaker 19: continues beyond once this is cleared up, that this reluctance

1689
01:21:38,920 --> 01:21:42,720
Speaker 19: to a portion blame, the reluctance to say what the

1690
01:21:42,800 --> 01:21:47,280
Speaker 19: real cause was caused this enormous resentment, and there's enormous

1691
01:21:47,320 --> 01:21:50,280
Speaker 19: resentment in Leeds at the moment that the correct people

1692
01:21:50,520 --> 01:21:54,280
Speaker 19: haven't been fingered for this particular atrocity which it was,

1693
01:21:54,439 --> 01:21:58,040
Speaker 19: you know, and you would hope there's a photograph absolutely

1694
01:21:58,080 --> 01:22:00,240
Speaker 19: couldn't be clear of a bloke seting fire to a bus.

1695
01:22:01,880 --> 01:22:04,559
Speaker 19: One expects him to be in court soon, but also

1696
01:22:04,800 --> 01:22:05,920
Speaker 19: kind of one, doesn't.

1697
01:22:06,439 --> 01:22:06,600
Speaker 3: You know.

1698
01:22:07,479 --> 01:22:10,200
Speaker 19: The police took a very softly, subtly approach to this

1699
01:22:10,400 --> 01:22:13,439
Speaker 19: riot and there will be questions asked about that as well.

1700
01:22:13,520 --> 01:22:15,879
Speaker 2: Good stuff might go well and we'll see you Thursday.

1701
01:22:15,920 --> 01:22:19,280
Speaker 2: As regards the American situation, from the British point of view,

1702
01:22:19,479 --> 01:22:21,599
Speaker 2: Keir Starmer on on Biden and Harris.

1703
01:22:21,840 --> 01:22:25,240
Speaker 21: I respect the decision that he has now made, not

1704
01:22:25,360 --> 01:22:28,320
Speaker 21: an easy decision, but a decision that I know that

1705
01:22:28,439 --> 01:22:32,120
Speaker 21: he will have arrived at taking into account the best

1706
01:22:32,320 --> 01:22:35,840
Speaker 21: interests of the American people. We will work with whoever

1707
01:22:36,080 --> 01:22:39,400
Speaker 21: the American people elect into office, as you would expect,

1708
01:22:39,800 --> 01:22:43,760
Speaker 21: particularly given the nature of the special relationship between our

1709
01:22:43,840 --> 01:22:44,760
Speaker 21: two countries.

1710
01:22:45,000 --> 01:22:49,439
Speaker 2: And you can't argue with them. Eight forty five twelve

1711
01:22:49,479 --> 01:22:52,240
Speaker 2: away from nine. And that the bloke who is sort

1712
01:22:52,280 --> 01:22:54,559
Speaker 2: of seeming in charge of road cones. Yesterday we talked

1713
01:22:54,560 --> 01:22:56,160
Speaker 2: to Wayne Brown, the mire of Auckland, who had done

1714
01:22:56,160 --> 01:22:59,960
Speaker 2: a report by E. Y Ustant Young into road cone

1715
01:23:00,320 --> 01:23:02,120
Speaker 2: and what they needed to do was change the law

1716
01:23:02,439 --> 01:23:05,360
Speaker 2: and it wasn't on and the incentive was there just

1717
01:23:05,400 --> 01:23:08,320
Speaker 2: to muck around and cost us more and waste more time. Anyway,

1718
01:23:08,360 --> 01:23:09,960
Speaker 2: the bloke who's in chargeable of the sort of the

1719
01:23:10,040 --> 01:23:15,640
Speaker 2: traffics TRFXIX traffics like a rap artist. Really, isn't it

1720
01:23:15,640 --> 01:23:17,200
Speaker 2: that sort of name? They've gone, Hey, why don't we

1721
01:23:17,360 --> 01:23:22,599
Speaker 2: call ourselves traffic nah traffics. Anyway, he said, the report's wrong.

1722
01:23:23,280 --> 01:23:28,320
Speaker 2: Them ttms are people who sort of subcontract their temporary

1723
01:23:28,320 --> 01:23:32,200
Speaker 2: traffic manage contractors. They subcontract to the job that at

1724
01:23:32,479 --> 01:23:36,240
Speaker 2: Auckland Transport are doing. His claim is at any time

1725
01:23:36,400 --> 01:23:39,000
Speaker 2: Auckland Transport can say and do whatever they want. They

1726
01:23:39,040 --> 01:23:41,519
Speaker 2: can review they can approve. So what Wayne Brown is

1727
01:23:41,600 --> 01:23:44,880
Speaker 2: doing yet again is blaming at probably correctly. But the

1728
01:23:44,960 --> 01:23:47,760
Speaker 2: problem with the whole system is eight doesn't care. They're

1729
01:23:47,800 --> 01:23:50,280
Speaker 2: not interested in what an elected official has to say.

1730
01:23:50,320 --> 01:23:52,800
Speaker 2: They do their own thing, so they review whatever they

1731
01:23:52,840 --> 01:23:54,920
Speaker 2: want to do, and they just go to TTM and go, hey,

1732
01:23:55,000 --> 01:23:57,200
Speaker 2: we want nine million road cones and we want sixteen

1733
01:23:57,240 --> 01:24:00,320
Speaker 2: thousand people leaning on shovel and we'll have that go

1734
01:24:00,560 --> 01:24:03,320
Speaker 2: for eighteen years please, And that'll cost us forty seven

1735
01:24:03,400 --> 01:24:07,080
Speaker 2: billion dollars, he says, this bloke at TTM, he said,

1736
01:24:07,800 --> 01:24:09,720
Speaker 2: and he makes a reasonable point to the extent that

1737
01:24:09,800 --> 01:24:12,160
Speaker 2: everybody thinks. And he says there is a narrative, and

1738
01:24:12,240 --> 01:24:15,080
Speaker 2: he's correct. There was a narrative in the media that

1739
01:24:15,240 --> 01:24:19,200
Speaker 2: ttm's charged by the CONE when ttms charge for staff

1740
01:24:19,200 --> 01:24:21,320
Speaker 2: costs and tructor regionality rate for the job. So in

1741
01:24:21,400 --> 01:24:23,280
Speaker 2: other words, it's all part of the package. When you

1742
01:24:23,400 --> 01:24:27,200
Speaker 2: hire the painter, you don't hire or pay for paint brushes.

1743
01:24:27,240 --> 01:24:29,120
Speaker 2: You just hire the bloke to paint the house. What

1744
01:24:29,280 --> 01:24:32,439
Speaker 2: he's saying is you hire us to do their job,

1745
01:24:32,560 --> 01:24:34,880
Speaker 2: and we've already got the cone. So this whole Cone

1746
01:24:34,920 --> 01:24:37,479
Speaker 2: per our thing is bollocks. My only advice to him

1747
01:24:37,479 --> 01:24:39,320
Speaker 2: would be, if there is a narrative in the media

1748
01:24:39,800 --> 01:24:42,240
Speaker 2: that isn't correct, do something about it. Give me a

1749
01:24:42,320 --> 01:24:44,320
Speaker 2: call and say, look, this is bollocks and we can

1750
01:24:44,360 --> 01:24:46,880
Speaker 2: correct it. But because there is a genuine belief that

1751
01:24:47,000 --> 01:24:48,800
Speaker 2: they hire out by the cone and therefore the more

1752
01:24:48,840 --> 01:24:51,000
Speaker 2: cones they put out, the more money spent. But clearly

1753
01:24:51,320 --> 01:24:55,400
Speaker 2: Wayne's having a go at at at aren't listening. Therefore

1754
01:24:55,560 --> 01:24:59,400
Speaker 2: one can say is to say, probably conclude that the

1755
01:24:59,479 --> 01:25:02,679
Speaker 2: report by Ey sadly yet again is a waste of money.

1756
01:25:02,920 --> 01:25:07,679
Speaker 2: Night Away from nine, the My Costing Breakfast on air

1757
01:25:07,920 --> 01:25:11,280
Speaker 2: and on radio news talks, they'd be We're excited for

1758
01:25:11,360 --> 01:25:14,200
Speaker 2: Spring Sheep, which is a Wycato company. They have been

1759
01:25:14,280 --> 01:25:17,479
Speaker 2: given clearance and it's very rare and hard to get

1760
01:25:17,560 --> 01:25:21,360
Speaker 2: clearance into China only in fact, the second international sheep

1761
01:25:21,439 --> 01:25:25,639
Speaker 2: milk brand in the world. To get direct market access,

1762
01:25:26,560 --> 01:25:29,519
Speaker 2: these currently got to do it through these Daiku channels

1763
01:25:29,560 --> 01:25:32,920
Speaker 2: and it all becomes convoluted and complicated, But nevertheless they've

1764
01:25:32,920 --> 01:25:36,559
Speaker 2: got direct access directly import and distribute their infant formula

1765
01:25:36,600 --> 01:25:39,160
Speaker 2: into China. We're talking about food labeling and stuff yesterday

1766
01:25:39,800 --> 01:25:42,160
Speaker 2: and we've got problems with China and Chidam's got problems

1767
01:25:42,240 --> 01:25:45,640
Speaker 2: generally with their economy, but they've got fifteen supplies and

1768
01:25:45,760 --> 01:25:48,679
Speaker 2: they've got their product and that market, the infant formula

1769
01:25:48,760 --> 01:25:51,439
Speaker 2: market in China, by the way, is worth twenty eight

1770
01:25:51,760 --> 01:25:55,680
Speaker 2: billion dollars a year, and Spring Sheep have got a

1771
01:25:55,760 --> 01:25:57,640
Speaker 2: bit of the action, so good luck to them. How

1772
01:25:57,720 --> 01:25:59,200
Speaker 2: it goes well. Six away from nine.

1773
01:25:59,479 --> 01:26:03,240
Speaker 1: Trending now with the Chemist Warehouse, the home of big

1774
01:26:03,320 --> 01:26:04,200
Speaker 1: brand vitamins.

1775
01:26:04,479 --> 01:26:08,240
Speaker 2: The IF one yesterday it was just so good. It

1776
01:26:08,479 --> 01:26:11,960
Speaker 2: was phenomenal. A couple of key stories, Max not doing

1777
01:26:12,040 --> 01:26:14,599
Speaker 2: well and Landa getting a bit upset that he got

1778
01:26:14,680 --> 01:26:17,240
Speaker 2: told to give the race to p Spree. Anyway, someone

1779
01:26:17,320 --> 01:26:20,840
Speaker 2: did the super cut of Max's radio comms uh post

1780
01:26:20,880 --> 01:26:23,240
Speaker 2: the crash with Lewis and it's gone off.

1781
01:26:26,160 --> 01:26:26,439
Speaker 14: Love it.

1782
01:26:26,520 --> 01:26:30,080
Speaker 3: Don't give me up, you guys give me this, Okay,

1783
01:26:30,360 --> 01:26:31,680
Speaker 3: I'm trying to rescue. What's up?

1784
01:26:33,720 --> 01:26:35,120
Speaker 14: I find a start break by.

1785
01:26:35,200 --> 01:26:41,000
Speaker 9: So to take this doesn't it's unbelievable, it's quite impressively.

1786
01:26:41,120 --> 01:26:48,280
Speaker 3: We let herself get undercut. It's justly race. Yeah, we've

1787
01:26:48,320 --> 01:26:51,280
Speaker 3: done a breaking I'm not even gonna get into a

1788
01:26:51,400 --> 01:26:55,439
Speaker 3: radio file for the other teams. Max, We'll let it's

1789
01:26:55,520 --> 01:26:59,160
Speaker 3: childish on the radio. Childish did you leave the cast

1790
01:27:00,040 --> 01:27:01,280
Speaker 3: that you were behind at the Apex?

1791
01:27:01,360 --> 01:27:02,519
Speaker 11: Max ok.

1792
01:27:04,400 --> 01:27:07,120
Speaker 2: To be fair to him, the strategy was crap and

1793
01:27:07,280 --> 01:27:10,320
Speaker 2: they did cock it up. And but he's a whiney baby.

1794
01:27:11,360 --> 01:27:13,120
Speaker 2: Not helping was the fact he stayed up all night

1795
01:27:13,200 --> 01:27:15,439
Speaker 2: on the SIM trying to practice and he was tired

1796
01:27:15,479 --> 01:27:17,599
Speaker 2: and grumpy. So there was that part. Then after the race,

1797
01:27:17,680 --> 01:27:20,720
Speaker 2: the top three, one, two and three do this podcast,

1798
01:27:20,880 --> 01:27:22,600
Speaker 2: and Lando was still sulking.

1799
01:27:27,560 --> 01:27:37,960
Speaker 8: Seven years ago. You have a quick compy, so I wasn't.

1800
01:27:40,200 --> 01:27:40,519
Speaker 3: Bass.

1801
01:27:42,080 --> 01:27:44,960
Speaker 2: So that was between Lando and Lewis. Have a look

1802
01:27:45,000 --> 01:27:46,599
Speaker 2: if you can be bothered. But they have a big

1803
01:27:46,680 --> 01:27:49,479
Speaker 2: team photo at the end of it, all the entire team,

1804
01:27:50,160 --> 01:27:52,800
Speaker 2: and they're waiting for Piastre to arrive because he's last

1805
01:27:52,840 --> 01:27:55,759
Speaker 2: to ARRIVEE have a look at Lando's face when Piastre

1806
01:27:55,920 --> 01:27:59,559
Speaker 2: arrives for the team photo. And Lando, although he held

1807
01:27:59,600 --> 01:28:02,640
Speaker 2: it together publicly reasonably well in his quiet moments, he

1808
01:28:02,800 --> 01:28:05,960
Speaker 2: was ropable. But once again he's wrong. The team strategy

1809
01:28:06,240 --> 01:28:09,720
Speaker 2: was that they pitted the appropriate driver at the appropriate

1810
01:28:09,840 --> 01:28:13,240
Speaker 2: time and because of that, Pstre paid a price for it.

1811
01:28:13,320 --> 01:28:14,960
Speaker 2: Therefore he had to get given the place back in

1812
01:28:15,000 --> 01:28:18,120
Speaker 2: despite the fact that Nando was not only leading but

1813
01:28:18,280 --> 01:28:20,360
Speaker 2: increasing his lead because he's a better driver and he

1814
01:28:20,400 --> 01:28:23,599
Speaker 2: had a faster car. It nevertheless was Pstre's to win.

1815
01:28:23,840 --> 01:28:26,760
Speaker 2: And so what I didn't realize. Mark Webber, who you

1816
01:28:26,840 --> 01:28:30,000
Speaker 2: may well remember the name, looks after Mitt Chibbins and

1817
01:28:30,280 --> 01:28:33,600
Speaker 2: he wasn't there yesterday because he looks after Pstre. He

1818
01:28:33,760 --> 01:28:36,840
Speaker 2: wasn't with Pstre because he was looking after Mitgibbins in London.

1819
01:28:36,960 --> 01:28:40,920
Speaker 2: So small world, as they say, back tomorrow morning on

1820
01:28:41,040 --> 01:28:43,439
Speaker 2: the mic Asking Breakfast as always Happy days.

1821
01:28:46,000 --> 01:28:48,840
Speaker 1: For more from The mic Asking Breakfast, listen live to

1822
01:28:49,000 --> 01:28:52,040
Speaker 1: news talks it'd be from six am weekdays, or follow

1823
01:28:52,120 --> 01:28:53,640
Speaker 1: the podcast on iHeartRadio.