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Speaker 1: Australian correspondent to Mary olds Is with us this afternoon, Murray.

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Speaker 1: The Reserve Bank, they've held steady.

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Speaker 2: Yes, indeed they have very good afternoon, Ryan. The Reserve

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Speaker 2: Bank over here, last meeting for the year, and this

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Speaker 2: is the bank of course it sets official interest rates,

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Speaker 2: and lots of hope obviously yet dashed. If there was

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Speaker 2: any hope. Most economists were saying, there's nowhere known. They're

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Speaker 2: going to go today and they haven't and now we're

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Speaker 2: looking at maybe before the end of the financial year,

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Speaker 2: which in Australia is the end of June. So there's

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Speaker 2: no hope. For Anthony Alberanezi Son was saying he was

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Speaker 2: hoping for an interest rate cunt because you know before

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Speaker 2: the election whenever that's going to be held, must be

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Speaker 2: held by May. So is there going to be one

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Speaker 2: before then? Because cost of living is going to be

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Speaker 2: the single biggest issue in the election over here, and

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Speaker 2: so if he was waiting for one, sorry, no good.

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Speaker 2: And indeed it's going to be an election notwithstanding whatever

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Speaker 2: Peter Dutton has to say about all the peripheral stuff,

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Speaker 2: it's going to be about cost of living first and foremost.

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Speaker 1: No doubt about it any and poor old Elbow hasn't

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Speaker 1: had a good time in the polls of late has he?

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Speaker 1: And Duston you mentioned Dutton. He's he's announced he's not

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Speaker 1: going to stand in front of the Aboriginal flag if

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Speaker 1: he becomes Prime minister.

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Speaker 2: Yeah, that's right. I mean, that's about all he's got

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Speaker 2: really to offer. Peter Dutton. He's in charge of the

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Speaker 2: no aliciencies labor. Now. What Dutton's done here has appealed

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Speaker 2: purely to the you know, the Conservatives over in Australia. Absolutely,

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Speaker 2: you know, the right wing and go, oh you beauty Pete.

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Speaker 2: He won't stand in front of the Aboriginal flag. Well

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Speaker 2: you know, I mean there's a lot of people have

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Speaker 2: been saying, well, it's he says it's all about unity,

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Speaker 2: but it's clearly just another another I suppose a bit

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Speaker 2: of meat thrown to the right wing. Who hates who

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Speaker 2: hates Alvin Easy, They like Dutton. They say it's time,

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Speaker 2: you know, Elbows stuffed up with labor. As soon as

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Speaker 2: Albanzi got in he stood before the Australian flag, the

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Speaker 2: Aboriginal flag and the Torres straight Iroland flag. Well, Dunton says,

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Speaker 2: forget that he's given that a big backhander. He's also

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Speaker 2: given you an example of the way that Dutton is

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Speaker 2: operating over here now, as you say, riding high on

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Speaker 2: the poles. He's given ALBANIZI your backhand. If for not

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Speaker 2: slapping Woolworths in a pub group for saying that we're

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Speaker 2: going to celebrate aust Australia Day, He's ever it's Albanese.

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Speaker 2: He's rolled to go out and give Wilworths a bloody,

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Speaker 2: bloody nose. They saying, well, you got to sell Australia

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Speaker 2: Day merchandise. Well, no, it's not what the Prime Minister does.

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Speaker 2: But it doesn't matter. Dutton's making hay and he's doing

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Speaker 2: very well on the poles.

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Speaker 1: As you say, yeah, feeling confident by this. By the

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Speaker 1: looks and sounds of it too, Poor old Rupert Murdoch

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Speaker 1: are not getting his way in court.

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Speaker 2: I wouldn't be saying poor old Rupert Murdoch. I've never

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Speaker 2: heard those words in the same sentence. But I'd love

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Speaker 2: to be a flying the wall of the Murdock Christmas

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Speaker 2: Party because they are all here. We understand they're all here.

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Speaker 2: Some may have left on the back of this ruling

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Speaker 2: in Nevada. It's a New York Times story that's been

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Speaker 2: reported that Rupert Murdoch. The long story short Murdoch, after

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Speaker 2: a second divorce, he set up what was called an

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Speaker 2: irrevocable family trust that would share all the voting rights

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Speaker 2: about the future of News Corporation and any other News

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Speaker 2: corp entities. Those four adult children, Prudence from his first marriage,

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Speaker 2: then Lachlan, Elizabeth, and James. Those four would share all

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Speaker 2: the voting rights going forward. All children that Murdoch has,

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Speaker 2: he has the two with Wendy Den, for example, all

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Speaker 2: would share the money, and there's plenty of it. It's

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Speaker 2: about he's word about fifty billion US dollars. But he

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Speaker 2: wanted to change that irrevocable trust because he wanted to

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Speaker 2: make sure Lochlan, his oldest son, going forward after Rupert's death,

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Speaker 2: that Lochlan would have control of the empire. Lochlan is conservative.

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Speaker 2: The other three much more progressive, much more liberal in

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Speaker 2: our liberal sense of the word. And Lachlan anyway. Dad failed,

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Speaker 2: He failed to convince the court in Nevada that would

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Speaker 2: be in the best entries of all involved. His argument was,

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Speaker 2: if my conservative sons in charge going forward, the business

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Speaker 2: would be a hell of a lot better and provide

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Speaker 2: better financial dividends to all the children than if the

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Speaker 2: other three can vote them down on different things. Anyway,

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Speaker 2: the court said, where's the quotes here? That Murdock had

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Speaker 2: acted in bad faith quote and had carefully crafted a

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Speaker 2: charade to try and win over the court. So he's failed.

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Speaker 2: There's going to be an appeal that would be fascinating.

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Speaker 2: But like I say, mate, wouldn't it be fun to

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Speaker 2: be a fly on the wall at the Murdoch Christmas

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Speaker 2: party here in Sydney?

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Speaker 1: I certainly would be. I bet the food would be good. Murray,

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Speaker 1: thank you for that.

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Speaker 2: Murray.

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Speaker 1: Old's thee Australia correspondent with us. For more from Hither

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Speaker 1: Duplessy Allen Drive, listen live to news talks it'd be

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