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Speaker 1: Digging through the spins Spence to find the real story.

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Speaker 1: Or it's Ryan Bridge on Heather duper Cellen Drive with

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Speaker 1: One New Zealand Let's get connected and News talks 'B.

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Speaker 2: Good afternoon, just gone seven after four here on News

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Speaker 2: Talks VB. Food price inflation after five tonight, Well look,

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Speaker 2: could your higher grocery bill keep your mortgage rate higher

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Speaker 2: for longer? That would be a double edged sword, wouldn't it.

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Speaker 2: Warnings this afternoon about fresh chicken that you're buying from

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Speaker 2: the supermarket? Do we take them seriously or not? The

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Speaker 2: abs everyone gets a turn on the field this week.

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Speaker 2: What makes a good entrepreneur? After six o'clock with ice

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Speaker 2: House Ventures and timoth A Paul from the Greenses on

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Speaker 2: the show after five point thirty tonight, Which is interesting,

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Speaker 2: isn't it? It is seven after four, bread Bridge. How

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Speaker 2: many times have you heard the Prime Minister say this

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Speaker 2: government is different because it's going to set targets, it's

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Speaker 2: going to track progress, and it's going to be open

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Speaker 2: about its actual result. It's going to be honest. That's

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Speaker 2: how we're going to get the country back on track.

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Speaker 2: This is what we've heard from National and from the

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Speaker 2: coalition so many times, and what's more important than turning

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Speaker 2: around education and getting on top of youth crime, youth justice,

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Speaker 2: not much, which is why they've got charter schools and

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Speaker 2: why they've got boot camps. Everybody said, Yep, those kids

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Speaker 2: need sorting out in the case of boot camps, or

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Speaker 2: those kids deserve more choice in the case of charter schools.

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Speaker 2: But now this week we've heard from the agencies involved

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Speaker 2: in these programs and they've decided they won't be telling

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Speaker 2: the public how many students are enrolled at the new

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Speaker 2: charter schools, and in the case of the boot camps,

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Speaker 2: they won't talk about how many of the kids are

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Speaker 2: actually reoffending. They've given various excuses for this, but none

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Speaker 2: of them really stack up. The fact is people can't

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Speaker 2: trust a system or a program that they know nothing

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Speaker 2: about when you're totally upfront about the results. When you're

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Speaker 2: not totally upfront about the results, I should say, it

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Speaker 2: looks like you're trying to hide something. It looks like

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Speaker 2: when you're trying to hide something, it's bad news normally

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Speaker 2: that you're trying to hide. So, either the government knows

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Speaker 2: that charter schools and boot camps are a bad idea,

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Speaker 2: which I doubt because otherwise why would they do them?

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Speaker 2: Or they're a little bit scared of failure maybe on

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Speaker 2: some key programs. We're a year up from an election.

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Speaker 2: Here's some free advice to you. And I don't know,

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Speaker 2: to be honest, whether it's the government directing the agencies

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Speaker 2: to do this or just the agencies themselves, but here's

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Speaker 2: some free advice. Give us the truth and we will

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Speaker 2: make up our own minds. Ryan Bridge. The numbers text

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Speaker 2: just gone nine after four credit cards to charges. No

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Speaker 2: one likes them. The Commerce Commission has decided to lower

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Speaker 2: the cost of interchange fees for Visa and MasterCards. They

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Speaker 2: reckon this will save businesses around ninety million bucks a year,

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Speaker 2: and that could save each business five hundred dollars on average.

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Speaker 2: Carolyn Young is Retailing Z chief executive with me this afternoon.

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Speaker 3: Hi, Carolyn kider right, Thanks for having me on board.

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Speaker 2: So is this going to make a major difference to business?

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Speaker 4: Look, it's kind of too early to tail, isn't it.

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Speaker 4: You know, what we really want to make sure that

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Speaker 4: we see is that we do see those lower sees

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Speaker 4: come through in the bank statements for retailers and then

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Speaker 4: what consumers are going to want to see is that

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Speaker 4: we'll see lower surcharging to reflect that. So that would

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Speaker 4: be the one one opportunity for everyone. And the key

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Speaker 4: thing is how do we make sure that that's happening.

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Speaker 3: That's going to be the critical factor, and we won't know.

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Speaker 2: I guess the proof will be in the pudding. But

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Speaker 2: the fact that the ComCom has already stepped back from

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Speaker 2: because remember the last time we spoke, it was two

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Speaker 2: hundred and sixty million dollars in savings. They were thinking

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Speaker 2: now we're at ninety that presumably that's pressure from the industry.

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Speaker 4: Look when you look at the report they put out today,

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Speaker 4: there are some differences between what they had proposed in

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Speaker 4: their draft decision to where their final places position, and

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Speaker 4: so that's part of it. So they haven't addressed any

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Speaker 4: of the commercial credit card fees that's left done capped

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Speaker 4: and that could be in that's quite a high percentage

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Speaker 4: of things. And the international cards they some of those

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Speaker 4: cards that the debit cards for international fees they are

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Speaker 4: still quite high. So overall there's been a little bit

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Speaker 4: of movement up, so you know, less savings for the

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Speaker 4: whole economy. So for retailers and for consumers. And what

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Speaker 4: we do need to make sure is that this is

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Speaker 4: one part of the merchant service fee. There's about five

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Speaker 4: or six fees depending on how you've structured your payment portfolio,

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Speaker 4: that make up the merchant service fee. The COMMICS commissioners

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Speaker 4: said they want to get that fee down to one

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Speaker 4: percent maximum. Our recommendation to the COMMICS commission and our

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Speaker 4: submissions was that regulate the total fee, make it one percent,

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Speaker 4: make it really flat and easy for everyone. Then you

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Speaker 4: can just implement a standard surcharge for it be a

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Speaker 4: maximum of one percent and everyone knows where they stand

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Speaker 4: because it's really really complicated.

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Speaker 2: And we would get that too, because at the moment,

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Speaker 2: some retailers are charging two and a half percent the

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Speaker 2: charges and more for what the ComCom is said that

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Speaker 2: should be a maximum of point zero point seven percent

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Speaker 2: debit card to charge retailers clipping the ticket here or what.

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Speaker 4: No, you're just talking about the interchange feed, which is

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Speaker 4: only one part of the merchant service fee. So depending

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Speaker 4: on the type of card that you're that the customer

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Speaker 4: is paying with, the bank that they come from, who

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Speaker 4: your payment system runs through, you know, is it a

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Speaker 4: master card, Is it a visa, is it an amex?

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Speaker 4: Is an overseas card? You know, all of those factors

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Speaker 4: all mean that it can be a different feed that's

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Speaker 4: applied through. So debit is different to credit, and it's

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Speaker 4: different if it's MX versus Master card or visa, and

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Speaker 4: it's different if it's an overseas card. So there's lots

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Speaker 4: of permeations that roll through. So understanding that whole piece

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Speaker 4: is super complicated, and what retailers and merchants really want

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Speaker 4: is a simplified system that everyone can understand. So Max

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Speaker 4: great clarity.

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Speaker 2: One percent you reckon cap at all, well.

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Speaker 4: That'd be great, Like we would all know that the

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Speaker 4: total fee you might be charged on average would be

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Speaker 4: one percent, and therefore if a business wanted to put

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Speaker 4: in place a surcharge, they would know that that was

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Speaker 4: a surcharge that they could put in place. Consumers would

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Speaker 4: also they know that that's all that they could be charged.

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Speaker 2: Appreciate your time, Carol and Young Retailings the chief executive,

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Speaker 2: and this has come from the Commerce Commission. It's their

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Speaker 2: final recommendation, final report on the matter, So that won't

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Speaker 2: be happening a total one percent cap, but there you

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Speaker 2: go look, is it going to make a difference. The

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Speaker 2: thing is it's going to be five hundred dollars on

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Speaker 2: average per business. Whether they pass that on to us

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Speaker 2: is a completely different situation, So we may not even notice.

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Speaker 2: It might be a little bit like the power announcement yesterday,

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Speaker 2: the electricity announcement we got yes today? Will you notice

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Speaker 2: it on an annual basis? The number to text it's

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Speaker 2: thirteen minutes after four. We'll get to sport next.

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Speaker 5: It's the Heather Duper See allan Drive full show.

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Speaker 1: Podcast on Ihard Radio powered by News Talk ZB.

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Speaker 2: News Talks ZB. Just gone sixteen after four. Ryan just

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Speaker 2: got back from the UK. I use my credit card.

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Speaker 2: This is on the searcharges for everything on payWave and

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Speaker 2: there were no fees and post Really I find that

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Speaker 2: hat well, I mean you would know, but I find

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Speaker 2: that hard to believe given our experiences here. Ryan, if

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Speaker 2: we were really concerned about this and the parasites skimming

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Speaker 2: the percentages off our transactions, we would just go cash.

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Speaker 2: Says Nick. Well, that's inconvenient, but yeah, I suppose you've

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Speaker 2: got a point seventeen after four Bryan Bridge, Elliot Smith's

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Speaker 2: Sports Elliot Smith, I should say sports talk host here

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Speaker 2: with us seven o'clock tonight on News Talks VB and

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Speaker 2: is here now. Hey Elliott, Hey Ryan, Hey. All Blacks

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Speaker 2: have named their team and no Barretts.

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Speaker 6: No Parrots, no very rare in the last sort of

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Speaker 6: deckad that would be an all Blacks team with no Barretts.

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Speaker 6: There a boat and Barrett ruled out with a hand

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Speaker 6: in jury. It sounds like he might have been on

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Speaker 6: the bench, but he has been ruled out with a

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Speaker 6: hand injury. And Scott Robertson actually a little bit concerned

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Speaker 6: earlier in the day when we spoke to him about

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Speaker 6: it and us him that he's going to go for scams.

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Speaker 6: It was looking quote a little bit puffy. So we'll

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Speaker 6: wait and see on that. Scott Barrett's already out with injury,

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Speaker 6: and Jordi Barrett not selected this week. He's been left

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Speaker 6: out of the twenty three entirely, so no Barrett's ten

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Speaker 6: changes to the run on team and all all from

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Speaker 6: the side. That's one in Wellington last week. There is

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Speaker 6: seven Chiefs in the run on side for this game

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Speaker 6: here in Hamilton as well, so I'm sure the local

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Speaker 6: crowd will be happy with that. Seeing a number of

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Speaker 6: chiefs there, but probably more changes than we expected in

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Speaker 6: this All Blacks team for this weekend. Scott Robertson clearly

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Speaker 6: wanting to build some depth as the All Black's head

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Speaker 6: to the twenty twenty seven Rugby World Cup and last

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Speaker 6: year probably didn't take the opportunities that were there to

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Speaker 6: build depths and it feels like he's probably learned his

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Speaker 6: lesson a little bit from that and trying to build

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Speaker 6: depth and trying to build in different positions for deep

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Speaker 6: around some of those key positions for the World Cup.

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Speaker 2: Yeah, I suppose you don't want to underplay your hand

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Speaker 2: too much with the French at the same time, right,

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Speaker 2: that's right.

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Speaker 6: Yeah, has given an opportunity though they've wrapped up this series,

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Speaker 6: and I guess it's a risk and reward thing for

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Speaker 6: the All Blacks, the confident that these players that they

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Speaker 6: are putting out still capable of going out there and winning.

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Speaker 6: But you do learn a little bit more about the

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Speaker 6: likes of Reuben Love at fullback who's only played twenty

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Speaker 6: minutes of All Blacks rugby to this point, some of

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Speaker 6: the other combinations that we haven't necessarily seen. So if

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Speaker 6: not now when so Scott Robinson's taken that approach.

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Speaker 2: Ok, give it a go. Roger two of us a check.

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Speaker 2: He's in talks with a Saudi breakaway Rugby league franchise.

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Speaker 2: What's this about?

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Speaker 6: H R three sixty. So this has been in the

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Speaker 6: we works for a wee while I was muted earlier

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Speaker 6: in the year. Mike Tindall's involved. A member of the

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Speaker 6: Royal family of course, won a Rugby World Cup with England.

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Speaker 6: And it's sort of like a Formula one twelve franchises

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Speaker 6: around the globe going to different poite parts of the

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Speaker 6: globe and playing games. Yeah, kind of like sevens do

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Speaker 6: a bit in fifteens, but it's Saudi backs, so kind

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Speaker 6: of like the Live Circuit combined with save Formula one

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Speaker 6: and throwing all in the mix. But the rooms have

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Speaker 6: been abound for a while. It's targetting some key players

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Speaker 6: and Roger two varsas Sheck is the first name from

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Speaker 6: this part of the world to be attached to it,

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Speaker 6: and his agent Bruce Sharrick and for me that they

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Speaker 6: have had some approaches and looking to that. Although Rodger

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Speaker 6: two varsa Sheck is still contracted until twenty twenty six,

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Speaker 6: so wouldn't be for next year. But it sounds like

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Speaker 6: he's got an offer on the table and has to

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Speaker 6: weigh up whether it's worth it. Whether this competition will

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Speaker 6: even start is another question entirely, but they're beginning to

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Speaker 6: make moves in the sort of development phase of R

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Speaker 6: three sixty.

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Speaker 2: So very much a case of watched the space, all right, interesting,

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Speaker 2: thanks so much. Since Elliot Smith News Talks. Heb just

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Speaker 2: gone twenty after four, coming up after five. We're gonna

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Speaker 2: look at this campellor. Back to story. You know, bad

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Speaker 2: chicken sick, it can cause death actually, which is what

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Speaker 2: Michael Baker l are talking about in this new research

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Speaker 2: that they've put out. So it's public health experts. It's

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Speaker 2: lead by Michael Baker, who we know from COVID, and

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Speaker 2: they've said sixty deaths from campbella BacT since two thousand

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Speaker 2: and eight, nine thousand hospitalizations and six hundred thousand people

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Speaker 2: made sick, and it sounds very bad and perhaps it is.

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Speaker 2: But now we've got the New Zealand Food Safety coming

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Speaker 2: out saying actually this is alarmist and it's all a

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Speaker 2: little bit wrong. So who are we to believe they reckon?

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Speaker 2: It's not actually eating the just eating raw chicken or

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Speaker 2: undercooking chicken. It's from cross contamination on the surfaces in

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Speaker 2: your kitchen that's doing this. So who are we to believe?

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Speaker 2: We will look at that after at about five ten

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Speaker 2: this evening twenty one, after four.

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Speaker 5: Moving the big stories of the day.

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Speaker 1: Four when it's Ryan Bridge on Hither du for Sea

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Speaker 1: Allen Drive with one New Zealand let's get connected news talks.

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Speaker 2: That'd be four twenty three. So this is Trump watch

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Speaker 2: again and his feud with Jerome Powell. Well, it's a

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Speaker 2: one way feud, isn't it with Jerome Powell, who's the

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Speaker 2: fed cheer again raised in the White House. Bloomberg was

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Speaker 2: reporting that, and it was only White House sources rather

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Speaker 2: than from the man himself, but they were reporting that

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Speaker 2: Trump was keen to pull the trigger and get rid

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Speaker 2: of Jerome Pale. He's got nearly a year left on

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Speaker 2: his contract. And if you listen to Trump, he's obviously

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Speaker 2: making no secret that he hates the guy.

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Speaker 7: I think he does a terrible job. He's costing us

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Speaker 7: a lot of money, and we fight through it. It's

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Speaker 7: almost the country has become so successful that it doesn't

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Speaker 7: have a big impact, but it does hurt people wanting

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Speaker 7: to get a mortgage, people want to buy a house.

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Speaker 7: He's a terrible He's a terrible fed chair. He's a knucklehead.

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Speaker 2: There you go, a knucklehead and Trump reckons. The job's

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Speaker 2: actually quite easy.

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Speaker 7: It's not a tough job, to be honest, assuming you're smart.

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Speaker 7: It's not a tough job. If you're a dumby, then

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Speaker 7: I guess it's a tough job. But it might be

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Speaker 7: one of the easiest jobs I've ever seen.

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Speaker 2: So will he find that's the big rule anything?

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Speaker 7: But I think it's highly unlikely unless he has to

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Speaker 7: leave for freud. I mean as possible.

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Speaker 2: There's fraud involved.

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Speaker 7: With the two point five two point seven billion dollar renovation.

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Speaker 7: There is a renovation. How do you spend two point

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Speaker 7: seven billion dollars?

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Speaker 2: There's Donald Trump. So the markets didn't like this very much,

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Speaker 2: and they immediately responded, which is interesting because markets would

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Speaker 2: actually prefer to have lower interest rates. But they also

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Speaker 2: know that there needs to be some rules in the game,

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Speaker 2: and you need an independent Federal Reserve, and you need

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Speaker 2: an independent chair of the Federal Reserve into your own pals.

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Speaker 2: So they took a hit. They had recovered after Trump

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Speaker 2: sort of walked back a little bit of what he

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Speaker 2: was saying in the rehetor at twenty five minuteses he

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Speaker 2: so often does. Twenty five minutes after four Brian Bridge

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Speaker 2: after five point thirty tamoth Of Paul, the Green Party

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Speaker 2: spokesperson for children. I honestly didn't think she would ever

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Speaker 2: come on. I don't know. I haven't tried to get

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Speaker 2: Tamotha Paul onto a number of shows over the last

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Speaker 2: year and haven't had that much success with her. But

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Speaker 2: she is coming on the program today because talk about

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Speaker 2: the boot camps and audering a Tamadiki saying they're not

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Speaker 2: going to release which why would you not? Why would

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Speaker 2: you not release it? Not going to release the information

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Speaker 2: about reoffending rates for kids who are going into the

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Speaker 2: boot camp, It just looks like you're trying to hide something.

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Speaker 2: She's on the show after five point thirty. Ryan, We've

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Speaker 2: been in the UK for a month. Definitely no surcharge

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Speaker 2: for using the payWave or the credit card. Ryan, just

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Speaker 2: back from Germany, Spain, France and Belgium. Not a single

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Speaker 2: surcharge anywhere we used payWave and everything. Ryan, have been

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Speaker 2: in the UK, Canada and the us nothing that this

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Speaker 2: is from scott only in New Zealand, so why is

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Speaker 2: it only happening here? We see I mean, I know

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Speaker 2: when they brought in the payWave thing that was like,

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Speaker 2: oh you got to pay extra because you're waving instead

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Speaker 2: of swiping. But well as no one else even using

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Speaker 2: payWave in Europe, why are they not doing it? And

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Speaker 2: we have to twenty six a half to four News

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Speaker 2: talk said be no, it was a last night.

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Speaker 8: NOI was a last night. I know you said this

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Speaker 8: time you really.

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Speaker 3: Were coming back again?

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Speaker 9: Oh baby, baby starting telling me the saying, oh no,

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Speaker 9: it was.

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Speaker 8: A last night. Noie was a last night.

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Speaker 1: Recapping the day's big news and making tomorrow's headlines. It's

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Speaker 1: Ryan Bridge on hither dup see allan drive with one

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Speaker 1: New Zealand. Let's get connected.

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Speaker 9: News talks at bat you baby, don't.

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Speaker 2: Me twenty five five year on news Talks. He be

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Speaker 2: a big bang in Wellington today was heard around the

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Speaker 2: city from different corners of the city and all at

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Speaker 2: the same time, and everyone was like, what was that?

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Speaker 2: What was the big loud noise? And was that Ray

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Speaker 2: Chung's political career falling over?

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Speaker 10: No?

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Speaker 2: Was it? Tempestuous weather? No, it wasn't. It was actually

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Speaker 2: Health New Zealand says a generator backfiring at Wellington Hospital.

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Speaker 2: They reckon They were testing it for oh, I don't know,

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Speaker 2: presumably testing to see whether it works. Clearly is not

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Speaker 2: working that well. But how big must a generator be

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Speaker 2: too in order to be heard right across the entire

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Speaker 2: city from Wellington Hospital, That is my question. But there

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Speaker 2: you go. That's the source of the bang in Wellington

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

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Speaker 5: World wires on news dogs it'd drive.

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Speaker 2: Israel has bonded several government buildings in the Syrian capital

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Speaker 2: of Damascus. The Prime Minister Netanya who is ready Prime

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Speaker 2: Minister Netanya, who has accused the Syrian government of sectarian

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Speaker 2: violence against the Druez ethnic minority. The IDEF is operating,

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Speaker 2: the Air Force is operating, other horses are operating. We

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Speaker 2: are acting to save our Dreuze brothers and to eliminate

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Speaker 2: the rais used gangs. Marco Rubio wants the violence to end.

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Speaker 11: In a misunderstanding. It looks like between is the Israeli

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Speaker 11: side and the Syrian side. So we've been engaged with

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Speaker 11: them all morning long and all Nate long with both sides,

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Speaker 11: and we think we're on our way towards a real

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Speaker 11: de escalation and then hopefully get back on track.

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Speaker 2: Elbow, this is the Australian Prime Minister has saved the

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Speaker 2: best bit of his trip to China for the last.

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Speaker 2: He's gone to visit Boonie the panda. It's spent fifteen

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Speaker 2: years living at the Adelaide Zoo. Elbow says, Bonie is

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Speaker 2: a symbol of China and Australia's strong relationship.

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Speaker 12: It's one point for me and strong the Chinese Australian

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Speaker 12: diaspra making an incredible contribution as part of our multicultural

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Speaker 12: community in Australia, and the visit here has been very

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Speaker 12: warmly received.

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Speaker 2: Ozzie Corey, Oli Peterson with us in just a second. Finally,

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Speaker 2: actress Emma Watson has been banned from driving in the

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Speaker 2: UK for six months, which you see the headline and

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Speaker 2: she always looks like such a nice person. I was

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Speaker 2: thinking what we're she's doing in her car? Turns out

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Speaker 2: wasn't actually that bad. Last July she was caught driving

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Speaker 2: thirty eight miles an hour in a thirty zone, so

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Speaker 2: basically she was going sixty and a fifty if you

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Speaker 2: translate to kilometers, as she already had nine demerit points.

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Speaker 2: Her license has been suspended for six months and she's

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Speaker 2: copped a two thousand to three hundred New Zealand.

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Speaker 9: Dollar fine International correspondence with ends and eye insurance. Peace

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Speaker 9: of mind for New Zealand business.

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Speaker 2: A man's been charged over Melbourne's synagogue attack. Olli Peterson

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Speaker 2: six pr per Live presented with us. Now, hey, Olli.

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Speaker 13: Member of last year that our listeners will remember. This

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Speaker 13: is a synagogue in Melbourne. A twenty year old man

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Speaker 13: from Victoria and Williamstown was arrested yesterday by police. And

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Speaker 13: have a go at this wrap sheet Ryan. This particular

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Speaker 13: car was stolen but was also used in a couple

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Speaker 13: of other incidents in Victoria, including an attack on a

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Speaker 13: nightclub which was arson and a shooting on the same

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Speaker 13: evening as that arson attack. Now, this bloke is going

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Speaker 13: to be before the court sooner rather than later, and

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Speaker 13: if he is charged with terrorism offenses, which he may

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Speaker 13: very well be, and he's convicted of that, he could

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Speaker 13: be spending the rest of his life behind bars. But

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Speaker 13: quite a brazen theft it was of this particular golf

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Speaker 13: because it has been seen in a lot of CCTV

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Speaker 13: footage in even incidence back in May of this year,

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Speaker 13: and they've been able to change the number plates on

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Speaker 13: a number of occasions. So police have obviously got a

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Speaker 13: big rap sheet. They'll make some pretty major allegations during

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Speaker 13: this court case. But a twenty year old man has

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Speaker 13: been arrested over the theft of this car in relation

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Speaker 13: to that fire bombing of the synagogue in Melbourne late

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Speaker 13: last year.

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Speaker 2: Okay, interesting, And what's happening with the Elbow and the panda?

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Speaker 2: Isn't this funny? It's pandemonium, isn't it.

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Speaker 13: He's visiting his friend the panda and talking up the

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Speaker 13: relationship between Australia and China. Look, he's been there for

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Speaker 13: a long time, five days, has Prime Minister Albanizi, And

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Speaker 13: he started to really invoke the same symbols of that

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Speaker 13: of the former Australian Prime Minister golf Whit when he

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Speaker 13: appeared there on the Great Wall yesterday. But I mean,

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Speaker 13: it's really interesting, isn't it. He's doing this sort of

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Speaker 13: victory lap around China talking up the importance of trade

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Speaker 13: and our economic relationship. And this is at the same

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Speaker 13: time that the White House is demanding that if we

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Speaker 13: are to sign up to and continue with Orcus, that

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Speaker 13: Australia is signing up to a US plan to defend Taiwan.

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Speaker 13: So this has all these geo political implications. It's rather

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Speaker 13: fascinating at the moment to see. I guess how much

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Speaker 13: sucking up Anthony Abernezi is doing in China at the

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Speaker 13: moment when all of this is playing out over in

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Speaker 13: the US and the future of Aucus. So I think

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Speaker 13: if it was up to him, we'd basically be Switzerland

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Speaker 13: of the South Pacific and we'd be friends with everybody.

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Speaker 2: Well that's another way where some in this country would

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Speaker 2: like us to go. Had Quantas a couple of quite

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Speaker 2: a few key wh's actually got caught up in this

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Speaker 2: data hack. What's the latest there, Yeah, so did I.

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Speaker 13: I think they pretty much have all of the details now,

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Speaker 13: so I've got to watch every email and phone call

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Speaker 13: that comes in. But Qantas has gone to courts, and

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Speaker 13: the reason they have gone to court is they are

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Speaker 13: now trying to haining an interim injunction in the Supreme

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Speaker 13: Courts to protect people who've been caught up in the breach.

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Speaker 13: So the ideas of putting in this injunction would mean

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Speaker 13: if the hackers were to release any of our data

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Speaker 13: ryan that they could then be held criminally responsible. I

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Speaker 13: mean they should be anyway, right they pinched our data.

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Speaker 13: But this is just going through the legal processes. They're

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Speaker 13: supposedly negotiating off air at the moment with the hackers

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Speaker 13: about trying to recover that data. Whether or not that

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Speaker 13: will be released somewhere on the dark web, and whether

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Speaker 13: or not it's probably already been released somewhere on the

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Speaker 13: dark web, we don't know.

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Speaker 2: At this stage. Only thank you for that. Oli Peterson

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Speaker 2: six pur Perth Life presented nineteen away from five ran Bridge.

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Speaker 2: Hard to swallow this number. Four point six percent. That's

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Speaker 2: your food price inflation for the year, and the uppers

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Speaker 2: moving up the list and fresh as tomatoes, capskins and broccoli.

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Speaker 2: You might have noticed that. And for your grocery, boxed

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Speaker 2: chocolates and eggs are on the up, deary. We know

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Speaker 2: about the average milk price four dollars fifty seven for

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Speaker 2: two liters, that's up fourteen percent. Scent butter eight dollars

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Speaker 2: sixty per five hundred grands, that's up almost fifty percent.

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Speaker 2: Cheese thirteen dollars for a kilo block. That's up thirty

434
00:22:09,200 --> 00:22:12,320
Speaker 2: percent for the year. I mean you know this, you

435
00:22:12,440 --> 00:22:16,240
Speaker 2: go shopping, so you understand it. The problem is does

436
00:22:16,320 --> 00:22:19,639
Speaker 2: this push general inflation higher? And asb says, yes, it

437
00:22:19,680 --> 00:22:23,360
Speaker 2: will help to do that. Possibly they reckon above three percent,

438
00:22:24,080 --> 00:22:27,520
Speaker 2: which gets you outside the reserve banks band. And then

439
00:22:27,560 --> 00:22:29,680
Speaker 2: you go, well, hang on a minute, when we're hoping

440
00:22:29,800 --> 00:22:33,080
Speaker 2: what we're expecting a cut to the OCR in August

441
00:22:33,119 --> 00:22:37,359
Speaker 2: next month, So is you know your expensive butter and

442
00:22:37,400 --> 00:22:41,200
Speaker 2: broccoli going to mean that we endure more expensive mortgages

443
00:22:41,240 --> 00:22:44,920
Speaker 2: for longer at higher rates for longer. That doesn't seem

444
00:22:45,000 --> 00:22:48,080
Speaker 2: very fair. We'll look at that after five very Soper next.

445
00:22:48,080 --> 00:22:51,800
Speaker 1: Politics with centrics credit, check your customers and get payments.

446
00:22:51,400 --> 00:22:53,560
Speaker 2: Thirtaty sixteen away from five on news Talks said, but

447
00:22:53,600 --> 00:22:56,840
Speaker 2: I'll tell you what new Plymouth council has had absolute

448
00:22:56,920 --> 00:22:59,160
Speaker 2: balls up. I'll tell you the detail. It's about GST

449
00:22:59,280 --> 00:23:00,480
Speaker 2: and rates. I'll tell the details.

450
00:23:00,480 --> 00:23:02,359
Speaker 14: Isn't every council in the country.

451
00:23:02,040 --> 00:23:07,560
Speaker 2: Right, Barry? This is so yet? This is so bad, Barry,

452
00:23:07,760 --> 00:23:10,399
Speaker 2: you won't believe the story. Hey, what's happening in parliament?

453
00:23:10,400 --> 00:23:12,600
Speaker 2: Today's citizens arrest plans in the spotlight.

454
00:23:12,720 --> 00:23:15,000
Speaker 14: Well, yes, you know this is this comes out of

455
00:23:15,400 --> 00:23:21,040
Speaker 14: Sunny Kershel's ministerial committee set up. But we still know

456
00:23:21,480 --> 00:23:24,040
Speaker 14: clearer on when this is going to be introduced. That

457
00:23:24,080 --> 00:23:28,800
Speaker 14: we're told legislation will see it this year. But the

458
00:23:28,840 --> 00:23:34,120
Speaker 14: most trenchant criticism of it came in Parliament today by

459
00:23:34,119 --> 00:23:38,440
Speaker 14: the Mali parties Takatu Ferris, who says the law will

460
00:23:38,480 --> 00:23:42,880
Speaker 14: affect the Maori and Pacific Island community unfairly. You haven't

461
00:23:42,880 --> 00:23:46,800
Speaker 14: listened to his reasoning and the view of ax Nicole McKee,

462
00:23:47,040 --> 00:23:48,919
Speaker 14: who was standing in for the Justice Minister.

463
00:23:49,160 --> 00:23:52,159
Speaker 13: What assessment, if any, has he made of the racial

464
00:23:52,240 --> 00:23:53,880
Speaker 13: buyers already present in.

465
00:23:53,880 --> 00:23:56,639
Speaker 15: Public perception of suspicious.

466
00:23:55,960 --> 00:24:01,440
Speaker 16: Behavior and how these new powers might embolden profiling and

467
00:24:01,600 --> 00:24:04,600
Speaker 16: vigilanteism against Mary and PACIFICA.

468
00:24:04,720 --> 00:24:07,840
Speaker 8: This is not about race. This is about crime.

469
00:24:08,080 --> 00:24:12,680
Speaker 17: This government does not mind what color, creed or racer

470
00:24:12,760 --> 00:24:16,320
Speaker 17: person is. It's about the crime that's been committed and

471
00:24:16,440 --> 00:24:20,479
Speaker 17: sending a message we have had enough of people taking

472
00:24:20,560 --> 00:24:24,920
Speaker 17: trolleys of food and taking and stealing from the good,

473
00:24:25,280 --> 00:24:27,280
Speaker 17: hard working citizens of New Zealand.

474
00:24:27,880 --> 00:24:30,760
Speaker 14: Yeah, well you know it's an easy for mister Ferris

475
00:24:30,760 --> 00:24:34,960
Speaker 14: if he wants to persuade Mary and Pacifica not to

476
00:24:35,000 --> 00:24:37,199
Speaker 14: take trolleys of food if they are the people that

477
00:24:37,240 --> 00:24:40,280
Speaker 14: are doing it more frequently. That's what he suggested in

478
00:24:40,280 --> 00:24:40,840
Speaker 14: his question.

479
00:24:40,920 --> 00:24:44,560
Speaker 2: I'd suggest, okay, what about councils. They're getting a bit

480
00:24:44,600 --> 00:24:46,240
Speaker 2: of a bollocking from the government at the moment, but

481
00:24:46,280 --> 00:24:48,880
Speaker 2: also told to just tie ho on the RMA.

482
00:24:49,080 --> 00:24:53,280
Speaker 14: Yeah, I reckon councils must feel a bit like Sonny

483
00:24:53,280 --> 00:24:56,680
Speaker 14: Bill Williams did after is a boxing about last night,

484
00:24:56,720 --> 00:24:59,560
Speaker 14: a bit punch drunk. They're told to keep their rates

485
00:24:59,640 --> 00:25:04,800
Speaker 14: under con Now they say they're being blindsided by the

486
00:25:04,840 --> 00:25:07,880
Speaker 14: government's call their meeting the local governments in New Zealander's

487
00:25:07,920 --> 00:25:11,240
Speaker 14: meeting in christ Church today. A lot of political imput

488
00:25:11,359 --> 00:25:14,919
Speaker 14: at that meeting. Now the government's calling for a halt

489
00:25:14,920 --> 00:25:19,720
Speaker 14: on planning work until the RMA changes. That will be

490
00:25:19,760 --> 00:25:24,440
Speaker 14: two bills later this year, coming well before they're known

491
00:25:24,960 --> 00:25:28,320
Speaker 14: exactly how they're going to effect what the plans are

492
00:25:28,359 --> 00:25:31,399
Speaker 14: that councils might be thinking about now. So it's a

493
00:25:31,400 --> 00:25:35,800
Speaker 14: bit difficult. So the government's saying everything should go in

494
00:25:35,880 --> 00:25:38,960
Speaker 14: abeyance at the moment, and how on earth a council

495
00:25:39,080 --> 00:25:41,879
Speaker 14: is meant to try and plan in the face of

496
00:25:41,920 --> 00:25:46,000
Speaker 14: that is difficult to see. The government of the Government

497
00:25:46,080 --> 00:25:52,680
Speaker 14: is currently consulting, they say, over the reforms. The results

498
00:25:52,680 --> 00:25:56,600
Speaker 14: of the consultation will be introduced to Parliament later this year.

499
00:25:57,000 --> 00:26:01,600
Speaker 14: And of course the rama that large doorstop document that

500
00:26:01,720 --> 00:26:06,760
Speaker 14: was originally written by our dear friend, Sir Jeffrey Palmer. Yeah,

501
00:26:06,880 --> 00:26:11,600
Speaker 14: in fact, that'll be reduced down down to two bills.

502
00:26:11,720 --> 00:26:15,000
Speaker 14: Let's hope they're less than the tens of hundreds of

503
00:26:15,040 --> 00:26:16,680
Speaker 14: pages they are at the moment in hope.

504
00:26:16,760 --> 00:26:19,760
Speaker 2: So, hey, what David Seymour got himself? Well, when we

505
00:26:19,800 --> 00:26:22,119
Speaker 2: say he's in hot water, it's obviously there's a particular

506
00:26:22,400 --> 00:26:24,720
Speaker 2: sector of the community that doesn't like him. But what's

507
00:26:24,720 --> 00:26:25,480
Speaker 2: he done this time?

508
00:26:25,720 --> 00:26:30,040
Speaker 14: Well, again, he was at the local government conference and

509
00:26:30,119 --> 00:26:33,600
Speaker 14: he made what many have described was a colorful speech

510
00:26:33,640 --> 00:26:36,040
Speaker 14: and in fact he had written this speech and was

511
00:26:36,040 --> 00:26:38,560
Speaker 14: put out for all of us to read. But if

512
00:26:38,560 --> 00:26:40,600
Speaker 14: you read the speek in this speech and listen to

513
00:26:40,640 --> 00:26:44,359
Speaker 14: what he said, one didn't resemble the other because he

514
00:26:44,400 --> 00:26:47,040
Speaker 14: obviously threw his speech notes away before he got to

515
00:26:47,080 --> 00:26:51,320
Speaker 14: the local government council. But the meeting he called on

516
00:26:51,400 --> 00:26:54,800
Speaker 14: councils to Ditcher what he described as puppy dogs and

517
00:26:54,840 --> 00:26:59,840
Speaker 14: ice cream their approach to focus. They should instead focus

518
00:26:59,880 --> 00:27:03,200
Speaker 14: on fixing pipes, roads and rubbish.

519
00:27:03,520 --> 00:27:04,600
Speaker 2: And you know, I think.

520
00:27:04,400 --> 00:27:07,640
Speaker 14: He's got a fair point. But where he really upset

521
00:27:07,680 --> 00:27:12,000
Speaker 14: a few feathers was when he said the karakia, which

522
00:27:12,040 --> 00:27:15,119
Speaker 14: is part of some resource consents that have to be

523
00:27:15,960 --> 00:27:20,320
Speaker 14: carried out. He said that is fluff and it shouldn't

524
00:27:20,320 --> 00:27:23,040
Speaker 14: take place. And of course he is speaking. He always

525
00:27:23,040 --> 00:27:27,119
Speaker 14: claims as a moldy in these circumstances. But look, he

526
00:27:27,240 --> 00:27:31,919
Speaker 14: had a somewhat lighthearted way of telling journalists what's behind

527
00:27:32,000 --> 00:27:34,280
Speaker 14: us thinking when it came to the kurake.

528
00:27:34,320 --> 00:27:36,800
Speaker 18: I don't expect a priest to show up every time

529
00:27:36,880 --> 00:27:41,520
Speaker 18: I break wind. Sorry, I don't expect a priest to

530
00:27:41,560 --> 00:27:43,879
Speaker 18: show up every time I break ground on a new building.

531
00:27:44,080 --> 00:27:45,800
Speaker 18: And I don't think that you need a comato or

532
00:27:45,920 --> 00:27:48,320
Speaker 18: to come and say a karakia either.

533
00:27:48,720 --> 00:27:51,280
Speaker 14: So you know, I mean, of course he's got He

534
00:27:51,359 --> 00:27:54,880
Speaker 14: knew he would upset people by saying that, but nevertheless,

535
00:27:55,080 --> 00:27:57,440
Speaker 14: it is part of the resource consent. And I would

536
00:27:57,480 --> 00:28:01,320
Speaker 14: imagine that when we see the new Resource Management Act,

537
00:28:02,119 --> 00:28:05,480
Speaker 14: maybe these sorts of things will be swept aside.

538
00:28:05,160 --> 00:28:09,360
Speaker 2: Explicitly excluded maybe, well, yes, I would think so, because otherwise, Yeah,

539
00:28:09,440 --> 00:28:12,320
Speaker 2: it's interesting, isn't it. But I can understand if there's

540
00:28:12,359 --> 00:28:15,040
Speaker 2: like a really significant piece of land, you know, if

541
00:28:15,080 --> 00:28:18,240
Speaker 2: there's if there's if it's considered tapu or something like that.

542
00:28:18,600 --> 00:28:21,679
Speaker 2: But if you're doing and having to pay it to

543
00:28:21,720 --> 00:28:24,320
Speaker 2: get in the cutter care performed, and then you're going

544
00:28:24,400 --> 00:28:26,360
Speaker 2: to have to get the feed for the whole crew,

545
00:28:26,359 --> 00:28:28,000
Speaker 2: because that's what happens when you know you have a

546
00:28:28,080 --> 00:28:32,159
Speaker 2: big work crew coming for a traffic light installation. Do

547
00:28:32,200 --> 00:28:32,800
Speaker 2: you know what I mean?

548
00:28:33,080 --> 00:28:35,880
Speaker 19: You've seen it happen for that sort exactly.

549
00:28:36,200 --> 00:28:38,000
Speaker 2: So I think there is some there is a bit

550
00:28:38,040 --> 00:28:38,680
Speaker 2: of truth.

551
00:28:38,440 --> 00:28:41,080
Speaker 19: In the in the complaint about it, Yeah, particularly when

552
00:28:41,480 --> 00:28:45,640
Speaker 19: the law sees the way it should happen. And you know,

553
00:28:46,120 --> 00:28:49,400
Speaker 19: the cultural aspect is very important when it comes to

554
00:28:49,400 --> 00:28:52,600
Speaker 19: the resource management. Yes, but it's got to be REASONA.

555
00:28:52,360 --> 00:28:54,640
Speaker 2: Got to be in line. Yeah, all right, Verry, thank

556
00:28:54,640 --> 00:28:56,560
Speaker 2: you very much for that. Very so for senior political

557
00:28:56,560 --> 00:28:58,640
Speaker 2: correspondent here at News Talks. There'll be ten away from

558
00:28:58,680 --> 00:29:01,760
Speaker 2: five actually just before we go to just while I've

559
00:29:01,760 --> 00:29:06,280
Speaker 2: got you. This is from the Taxpayers Union via Audrey

560
00:29:06,320 --> 00:29:09,720
Speaker 2: Young actually who's mentioned in her Inside Politics column this week.

561
00:29:10,080 --> 00:29:13,480
Speaker 2: The council rates. This is the league table. This is

562
00:29:13,520 --> 00:29:16,400
Speaker 2: the worst offenders. And they've looked at the cumulative increase

563
00:29:16,440 --> 00:29:19,440
Speaker 2: in rates over the last three years and named and

564
00:29:19,560 --> 00:29:22,080
Speaker 2: shamed the worst offenders. So there's a top ten list.

565
00:29:22,480 --> 00:29:24,920
Speaker 2: The average increase over the three years was thirty four

566
00:29:24,920 --> 00:29:28,440
Speaker 2: point five percent. That's a lot over that period. Inflation

567
00:29:28,720 --> 00:29:33,959
Speaker 2: was thirteen point seven. West Coast Regional Council sixty five percent,

568
00:29:34,280 --> 00:29:37,720
Speaker 2: Greater Wellington of course fifty four percent. Of course, Tatanaki

569
00:29:37,800 --> 00:29:41,400
Speaker 2: Regional Council fifty one percent, Queenstown Lakes fifty percent.

570
00:29:41,480 --> 00:29:44,840
Speaker 14: I mean, oh, Wayne Brown will be quite happy about that.

571
00:29:44,920 --> 00:29:47,320
Speaker 14: But just getting back to what you mentioned earlier, the

572
00:29:47,400 --> 00:29:49,440
Speaker 14: loal bang and Wellington being heard all.

573
00:29:49,280 --> 00:29:49,920
Speaker 19: Over the place.

574
00:29:50,320 --> 00:29:52,360
Speaker 14: I'm worried about the poor people that were in the

575
00:29:52,360 --> 00:29:54,280
Speaker 14: bloody hospital when the bang went off.

576
00:29:54,400 --> 00:30:00,400
Speaker 2: Well true, you know, having another heart precisely. Thanks Parry five,

577
00:30:00,520 --> 00:30:03,320
Speaker 2: you're on news talks HEVB. I'll give you the update

578
00:30:03,440 --> 00:30:07,040
Speaker 2: on New Plymouth District Council next. As a doozy.

579
00:30:07,880 --> 00:30:11,680
Speaker 1: Digging into the issues that affect you the mic casking breakfast.

580
00:30:11,880 --> 00:30:15,120
Speaker 13: I know that boys need a single classroom to concentrate, right,

581
00:30:15,240 --> 00:30:17,880
Speaker 13: They really need to be able to not be distracted.

582
00:30:18,400 --> 00:30:19,240
Speaker 5: What about girls?

583
00:30:21,200 --> 00:30:24,280
Speaker 16: I think probably there is a difference, a slight difference,

584
00:30:24,320 --> 00:30:25,880
Speaker 16: but a difference between the way that.

585
00:30:25,920 --> 00:30:30,040
Speaker 2: Boys and who would have thought that silence promotes concentrating?

586
00:30:30,480 --> 00:30:33,440
Speaker 20: Hang on when I was in Space five at Fenleton

587
00:30:33,520 --> 00:30:40,120
Speaker 20: Primary in the seventies when Robert Muldoon was Prime Minister. Yes,

588
00:30:40,360 --> 00:30:41,200
Speaker 20: whose fault was that?

589
00:30:42,040 --> 00:30:45,600
Speaker 1: Heather Duplessy Allen on the Mic Hosking Breakfast Fact tomorrow

590
00:30:45,680 --> 00:30:49,080
Speaker 1: at six am with the land Rover Discovery on News

591
00:30:49,080 --> 00:30:49,880
Speaker 1: Talks DEADB.

592
00:30:49,920 --> 00:30:52,400
Speaker 2: Five to five on News Talks hereb the bad date.

593
00:30:52,480 --> 00:30:55,280
Speaker 2: The office award goes to New Plymouth District Council today

594
00:30:55,320 --> 00:30:58,040
Speaker 2: by far and away. So we've had the results of

595
00:30:58,080 --> 00:31:04,000
Speaker 2: an independent review and to the council's rates and how

596
00:31:04,000 --> 00:31:06,040
Speaker 2: they've said it and how they've calculated it, and they

597
00:31:06,080 --> 00:31:08,440
Speaker 2: are very sorry. This is both the mayor has apologized

598
00:31:08,480 --> 00:31:11,000
Speaker 2: for this, but also the chief Executive apologized for this.

599
00:31:11,600 --> 00:31:14,600
Speaker 2: Marked up the rates bill basically to going to cost

600
00:31:14,640 --> 00:31:17,400
Speaker 2: you if you're a ratepayer in New Plymouth one hundred

601
00:31:17,400 --> 00:31:21,320
Speaker 2: and two dollars extra this year, or the council has

602
00:31:21,360 --> 00:31:24,680
Speaker 2: to find three million dollars in savings this year. This

603
00:31:24,760 --> 00:31:29,120
Speaker 2: is what the reviews highlighted. The Post reports that Mayor

604
00:31:29,120 --> 00:31:32,040
Speaker 2: Holden has cut short his local Government New Zealand conference

605
00:31:32,040 --> 00:31:35,080
Speaker 2: in christ Church. He's flown back in a hurry to

606
00:31:35,160 --> 00:31:37,640
Speaker 2: New Plymouth to front the issue. This is following the

607
00:31:37,680 --> 00:31:40,560
Speaker 2: release of the review. The mistake, described in a brief

608
00:31:40,600 --> 00:31:43,840
Speaker 2: council media release as a typo saw its annual plan

609
00:31:44,000 --> 00:31:47,160
Speaker 2: adopted in May under the acceptance that the rate charges

610
00:31:47,240 --> 00:31:51,600
Speaker 2: were GST inclusive. Turns out actually after the auditors had

611
00:31:51,600 --> 00:31:55,160
Speaker 2: a look, they weren't, so that was cocked up, but

612
00:31:55,240 --> 00:31:58,880
Speaker 2: also the land value assumptions were wrong. Anyway. The net

613
00:31:58,920 --> 00:32:03,880
Speaker 2: result of this is an average rate increase now of

614
00:32:04,000 --> 00:32:07,520
Speaker 2: twelve point eight percent, not the nine point nine percent

615
00:32:07,600 --> 00:32:11,520
Speaker 2: figure that Council had based its decision on. Can you

616
00:32:11,600 --> 00:32:14,920
Speaker 2: imagine how do you feel New Plymouth? I just feel

617
00:32:15,000 --> 00:32:20,200
Speaker 2: absolutely riled up. Special meeting. If you are that riled up,

618
00:32:20,200 --> 00:32:23,400
Speaker 2: you can go along to this on Tuesday. Are an

619
00:32:23,480 --> 00:32:28,120
Speaker 2: extraordinary meeting and they will decide basically, do we increase

620
00:32:28,200 --> 00:32:30,960
Speaker 2: the rates for every single rate pay in the district

621
00:32:31,240 --> 00:32:33,440
Speaker 2: or do we cut our own cloth by a further

622
00:32:33,480 --> 00:32:36,240
Speaker 2: three million dollars. I be down there with my billboard.

623
00:32:37,760 --> 00:32:40,840
Speaker 2: Will you three away from five News Talks ZB after

624
00:32:40,880 --> 00:32:43,520
Speaker 2: five we'll look at the cost of food what it

625
00:32:43,560 --> 00:32:46,959
Speaker 2: could do to our mortgages. Here on NEWSTALKSB.

626
00:32:48,960 --> 00:33:20,080
Speaker 8: SUSI Savage punk home fifty five years down.

627
00:33:17,280 --> 00:33:22,720
Speaker 1: Questions, answers, facts, analysis, the drive show you trust for

628
00:33:22,800 --> 00:33:26,360
Speaker 1: the full picture. Brian Bridge on Heather dupic Allen Drive

629
00:33:26,600 --> 00:33:29,080
Speaker 1: with one New Zealand, let's get connected.

630
00:33:29,240 --> 00:33:32,400
Speaker 2: News TALKSB Good negative seven after five News Talks EDB.

631
00:33:32,640 --> 00:33:35,520
Speaker 2: So you've heard the story. Food prices there, you've done

632
00:33:35,560 --> 00:33:37,720
Speaker 2: the shops. You know at four point six percent in

633
00:33:37,760 --> 00:33:40,360
Speaker 2: the year to June, dairy meat leading the way. This

634
00:33:40,480 --> 00:33:44,640
Speaker 2: is statsne Z data out today. Butter up almost fifty

635
00:33:44,360 --> 00:33:48,479
Speaker 2: forty six percent, a lamb leg roast up thirty seven percent.

636
00:33:48,520 --> 00:33:50,880
Speaker 2: The question is what does this do to the overall

637
00:33:50,960 --> 00:33:54,160
Speaker 2: level of inflation? Will it soon how much you're spending

638
00:33:54,160 --> 00:33:56,520
Speaker 2: at the supermarket potentially affect how much was spending on

639
00:33:56,520 --> 00:33:59,719
Speaker 2: our mortgages. Brad Olson, Infametric's principal economist with US tonight, Hey,

640
00:33:59,760 --> 00:34:04,880
Speaker 2: Brad Good, evening. So does this risk pushing up overall CPI?

641
00:34:06,440 --> 00:34:09,080
Speaker 15: It does is a short answer, We are worried that

642
00:34:09,360 --> 00:34:12,160
Speaker 15: when we see the numbers on Monday for headline inflation

643
00:34:13,120 --> 00:34:15,879
Speaker 15: for the quarter ending June, that there will be more

644
00:34:15,920 --> 00:34:18,879
Speaker 15: pressure in there. Most market picks are somewhere between sort

645
00:34:18,880 --> 00:34:22,360
Speaker 15: of two point six and two point nine percent per anum.

646
00:34:22,640 --> 00:34:25,759
Speaker 15: Of course, that would be a further reacceleration off the

647
00:34:26,000 --> 00:34:27,920
Speaker 15: two point five percent figure that we had at the

648
00:34:27,960 --> 00:34:30,520
Speaker 15: start of the year. For the Reserve Bank, that won't

649
00:34:30,560 --> 00:34:33,759
Speaker 15: be useful and helpful news for them. But at the

650
00:34:33,840 --> 00:34:38,279
Speaker 15: same time, I think we've signaled themselves looking through some

651
00:34:38,400 --> 00:34:40,920
Speaker 15: of the numbers that they anticipate. They expect that there

652
00:34:40,920 --> 00:34:43,920
Speaker 15: will be some of that near term volatility. They're hopeful

653
00:34:43,920 --> 00:34:46,120
Speaker 15: that it's not persistent, that it is more temporary, and

654
00:34:46,160 --> 00:34:49,960
Speaker 15: therefore they should still be able to marginally reduce interest

655
00:34:50,040 --> 00:34:52,200
Speaker 15: rates through the rest of this year a little bit.

656
00:34:52,360 --> 00:34:54,680
Speaker 15: But I think importantly, if you're sitting out there and

657
00:34:54,719 --> 00:34:56,480
Speaker 15: you're looking at some of these numbers, it does make

658
00:34:56,520 --> 00:34:58,799
Speaker 15: you uncomfortable, right whether or not you're a household or

659
00:34:58,800 --> 00:35:01,480
Speaker 15: a decision maker. We're in this position where you're seeing

660
00:35:01,480 --> 00:35:03,879
Speaker 15: a bit more of that intense pricing pressure, but you're

661
00:35:03,880 --> 00:35:07,279
Speaker 15: still seeing the weaker general economic tone normally those two

662
00:35:07,400 --> 00:35:09,319
Speaker 15: things are the opposite.

663
00:35:08,760 --> 00:35:11,960
Speaker 2: Of what you'd see exactly. It's felt a little bit

664
00:35:12,000 --> 00:35:15,080
Speaker 2: freaky seeing the number today and knowing that we're hoping

665
00:35:15,160 --> 00:35:17,800
Speaker 2: and praying for another OC well of those with mortgages

666
00:35:17,800 --> 00:35:20,800
Speaker 2: for another OCA cut next month. What about wage growth,

667
00:35:20,920 --> 00:35:23,040
Speaker 2: because the government obviously talks a lot about wage growth

668
00:35:23,120 --> 00:35:25,719
Speaker 2: keeping ahead of inflation. If we are going to see

669
00:35:25,719 --> 00:35:28,200
Speaker 2: inflation go up, is it still going to be ahead

670
00:35:28,320 --> 00:35:32,120
Speaker 2: of well, wages till be ahead of it, you'd still

671
00:35:32,120 --> 00:35:35,160
Speaker 2: be expecting that wages would be growing ahead of inflation.

672
00:35:35,280 --> 00:35:38,240
Speaker 2: The challenge, of course, for the moment is that wages

673
00:35:38,239 --> 00:35:40,719
Speaker 2: are only growing if you've got a wage to grow,

674
00:35:41,280 --> 00:35:43,520
Speaker 2: if you're one of the five point one percent of

675
00:35:43,520 --> 00:35:46,880
Speaker 2: people that are currently unemployed. We saw more benefit numbers

676
00:35:46,880 --> 00:35:50,279
Speaker 2: today showing further increases in those who are out of

677
00:35:50,320 --> 00:35:53,160
Speaker 2: work and needing government support. You know, that's a pretty

678
00:35:53,200 --> 00:35:56,040
Speaker 2: tough environment at a time when it's across the board

679
00:35:56,080 --> 00:35:58,560
Speaker 2: these increases that I think that that are a real challenge.

680
00:35:58,560 --> 00:36:00,560
Speaker 2: It's not just you know, some of you are more

681
00:36:00,600 --> 00:36:01,440
Speaker 2: expensive items.

682
00:36:01,480 --> 00:36:04,279
Speaker 15: I mean, butter, yes, it's expensive, but let's be quite clear,

683
00:36:04,320 --> 00:36:06,400
Speaker 15: it's not the thing that you know, households are eating

684
00:36:06,400 --> 00:36:08,960
Speaker 15: a whole block of every day. The worry for me

685
00:36:09,000 --> 00:36:11,000
Speaker 15: actually looking through some of these numbers is it's the

686
00:36:11,040 --> 00:36:13,680
Speaker 15: other basis. It's the fact that mince prices are now

687
00:36:14,200 --> 00:36:16,600
Speaker 15: hitting nearly twenty two dollars a kilo. You know, you

688
00:36:16,640 --> 00:36:19,880
Speaker 15: can't even have a cheap mince meal anymore at a

689
00:36:19,960 --> 00:36:23,080
Speaker 15: cheap price. It's the fact that energy costs are increasing.

690
00:36:23,200 --> 00:36:27,000
Speaker 15: Electricity costs now are increasing ten percent over the last year.

691
00:36:27,000 --> 00:36:30,840
Speaker 15: That's the fastest pace for our energy and electricity gains

692
00:36:30,840 --> 00:36:32,960
Speaker 15: that we've seen in over a decade. So it's the

693
00:36:33,000 --> 00:36:35,720
Speaker 15: worry that, look, if you're already in that tough position,

694
00:36:36,160 --> 00:36:38,360
Speaker 15: things are not getting any easier, and of course for

695
00:36:38,400 --> 00:36:40,359
Speaker 15: the Reserve Bank they are a bit more nervous about

696
00:36:40,360 --> 00:36:43,200
Speaker 15: those pricing pressures. So we're still in a tough position,

697
00:36:43,239 --> 00:36:45,880
Speaker 15: and I don't think we'll get out of it massively quickly.

698
00:36:46,200 --> 00:36:48,640
Speaker 15: Better signs on the horizon, but it's still tough out

699
00:36:48,640 --> 00:36:49,279
Speaker 15: there for the minute.

700
00:36:49,320 --> 00:36:51,439
Speaker 2: All right, interesting, Brad, Thank you, Brad Olsen Infan metric

701
00:36:51,560 --> 00:36:54,719
Speaker 2: principal economists. It's ten up to five Ryan Bread. So

702
00:36:54,760 --> 00:36:57,080
Speaker 2: it turns out if the next story is to be believed,

703
00:36:57,080 --> 00:37:00,359
Speaker 2: and that is a question mark. But not only we

704
00:37:00,360 --> 00:37:02,080
Speaker 2: pay more for our food, but it could potentially be

705
00:37:02,120 --> 00:37:05,000
Speaker 2: making us quite sick. People getting sick they reckon from

706
00:37:05,040 --> 00:37:09,200
Speaker 2: fresh chicken responsible for six hundred thousand illnesses since two

707
00:37:09,280 --> 00:37:11,920
Speaker 2: thousand and eight. This is analysis from public health experts

708
00:37:11,960 --> 00:37:15,759
Speaker 2: led by Michael Baker. They estimate that Caampbella bacter has

709
00:37:15,840 --> 00:37:20,640
Speaker 2: caused nine thousand hospitalizations and at least sixty deaths since

710
00:37:20,680 --> 00:37:23,840
Speaker 2: two thousand and eight. Now they want warning labels on

711
00:37:24,000 --> 00:37:26,640
Speaker 2: chicken in the shops if you can believe it, limits

712
00:37:26,680 --> 00:37:30,160
Speaker 2: on allowable levels of Campbeller bacter on fresh chicken for sale,

713
00:37:30,160 --> 00:37:32,400
Speaker 2: which means some of it might have to be frozen.

714
00:37:32,880 --> 00:37:36,839
Speaker 2: But New Zealand Food Safety has called the paper unnecessarily alarmist.

715
00:37:36,920 --> 00:37:41,959
Speaker 2: Vincent Arbuckle's the deputy director general and is with me now, hello, hello,

716
00:37:42,360 --> 00:37:43,480
Speaker 2: why is this alarmist?

717
00:37:44,800 --> 00:37:48,440
Speaker 21: Look, there's aspects of the report that you know, we

718
00:37:48,520 --> 00:37:53,760
Speaker 21: feel not based on fact. I mean the example which

719
00:37:53,800 --> 00:37:58,040
Speaker 21: we most concerned about is the claim of an excess

720
00:37:58,080 --> 00:38:02,319
Speaker 21: of sixty deaths over that report period. The reality is

721
00:38:02,320 --> 00:38:06,800
Speaker 21: that that the numbers of reported death due to campler

722
00:38:06,840 --> 00:38:10,400
Speaker 21: bacteriosis from two thousand and seven to two twenty twenty

723
00:38:10,400 --> 00:38:16,680
Speaker 21: four is three. So that's three cases where the principal

724
00:38:16,719 --> 00:38:20,440
Speaker 21: cause of fatality was due to that infection.

725
00:38:21,800 --> 00:38:24,839
Speaker 2: Were like, sorry, is like the COVID thing where it

726
00:38:24,920 --> 00:38:26,359
Speaker 2: was due to or died with.

727
00:38:27,920 --> 00:38:30,400
Speaker 21: Yeah, I think you're absolutely right, and you know you

728
00:38:30,080 --> 00:38:33,840
Speaker 21: can you can look at stats in different ways. But

729
00:38:34,760 --> 00:38:39,040
Speaker 21: they reported every time there's a death the physician that

730
00:38:39,280 --> 00:38:43,000
Speaker 21: the clinician has to determine the primary cause and that

731
00:38:43,040 --> 00:38:46,000
Speaker 21: goes on record, and the primary cause has been only

732
00:38:46,080 --> 00:38:50,480
Speaker 21: three cases. There's been other cases where there have been

733
00:38:50,560 --> 00:38:55,560
Speaker 21: primary cause and associated causes, but the only three cases

734
00:38:55,840 --> 00:38:59,840
Speaker 21: that that doesn't take away from the importance of focusing

735
00:38:59,880 --> 00:39:03,400
Speaker 21: on on campler, bactor and poultry. So we know, we

736
00:39:03,480 --> 00:39:04,399
Speaker 21: don't disagree that.

737
00:39:04,560 --> 00:39:07,480
Speaker 2: Okay, yeah, so you agree it's important, but we need

738
00:39:07,520 --> 00:39:09,960
Speaker 2: to be making sure we're talking facts, right, So why

739
00:39:10,040 --> 00:39:10,800
Speaker 2: do you think they're doing it?

740
00:39:12,320 --> 00:39:14,600
Speaker 21: I don't know. Look, look, I mean we tried to

741
00:39:14,640 --> 00:39:19,480
Speaker 21: engage in the last couple of weeks and respect researchers,

742
00:39:19,520 --> 00:39:23,000
Speaker 21: and I'd rather focus on working together where we can.

743
00:39:23,960 --> 00:39:26,319
Speaker 2: What did they say when you're the problem? What did

744
00:39:26,320 --> 00:39:29,040
Speaker 2: they say when you tried to engage with them?

745
00:39:29,280 --> 00:39:29,480
Speaker 7: Well?

746
00:39:29,640 --> 00:39:32,400
Speaker 21: I think they you know, that variably. I've got to

747
00:39:32,440 --> 00:39:37,160
Speaker 21: respect their views and you know that they are interpretation

748
00:39:37,280 --> 00:39:41,040
Speaker 21: as an interpretation of a series of facts. We rely

749
00:39:41,160 --> 00:39:46,279
Speaker 21: on the published notified data. That's our north star. So

750
00:39:47,400 --> 00:39:53,680
Speaker 21: the notified reported cases as the best indicator of the

751
00:39:53,719 --> 00:40:00,520
Speaker 21: prevalence of the infections in consumers. That has been from

752
00:40:00,520 --> 00:40:04,400
Speaker 21: about twenty twenty twenty six to twenty twenty by half.

753
00:40:04,840 --> 00:40:08,719
Speaker 21: And then we had a target across the health authorities

754
00:40:08,760 --> 00:40:11,799
Speaker 21: with the industry and ourselves to drive it down by

755
00:40:11,800 --> 00:40:15,200
Speaker 21: a further twenty percent from twenty to twenty twenty to

756
00:40:15,239 --> 00:40:19,440
Speaker 21: twenty twenty four. And we achieve that we're not there yet.

757
00:40:19,480 --> 00:40:23,760
Speaker 21: There's more that needs to be done. We are singlely

758
00:40:23,800 --> 00:40:28,160
Speaker 21: focused on containing and controlling this problem. It is the

759
00:40:28,280 --> 00:40:30,640
Speaker 21: number one food borne illness in New Zealand.

760
00:40:32,600 --> 00:40:34,600
Speaker 2: Do we need the labels that they are suggesting?

761
00:40:35,880 --> 00:40:38,600
Speaker 21: Yeah, look at label's interesting, isn't it. As far as

762
00:40:38,640 --> 00:40:40,279
Speaker 21: we can work out, there's only one country in the

763
00:40:40,280 --> 00:40:45,920
Speaker 21: world that does do a label like is suggested. We

764
00:40:46,320 --> 00:40:49,680
Speaker 21: serve a consumers regularly about their understanding of the risks

765
00:40:49,680 --> 00:40:52,319
Speaker 21: of poultry and we know there's a very high level

766
00:40:52,360 --> 00:40:55,800
Speaker 21: of awareness. The only one area that possibly consumers don't

767
00:40:55,920 --> 00:40:58,200
Speaker 21: know that sort of splits on as where they wash

768
00:40:58,239 --> 00:40:58,720
Speaker 21: the chicken.

769
00:41:00,080 --> 00:41:01,200
Speaker 22: We before we.

770
00:41:01,200 --> 00:41:04,759
Speaker 21: Introduce yet another control and therefore put a cost on

771
00:41:04,880 --> 00:41:08,400
Speaker 21: industry and potentially on consumers, we need to be sure

772
00:41:08,480 --> 00:41:11,800
Speaker 21: that that intervention will have a proportionate, will better response,

773
00:41:11,840 --> 00:41:15,360
Speaker 21: you know, like what's the return on investment. We're not

774
00:41:15,480 --> 00:41:18,279
Speaker 21: convinced at the moment that labeling a chicken is going

775
00:41:18,280 --> 00:41:21,600
Speaker 21: to make a substantial difference to the awareness of the public.

776
00:41:22,160 --> 00:41:26,600
Speaker 21: We believe most consumers understand the risk, take good steps

777
00:41:26,640 --> 00:41:28,480
Speaker 21: to you know, make sure they cook their chicken and

778
00:41:28,560 --> 00:41:31,480
Speaker 21: handle it with care. We don't really think labeling and

779
00:41:31,560 --> 00:41:32,360
Speaker 21: make much difference.

780
00:41:32,400 --> 00:41:35,240
Speaker 2: Okay, Vincent, thank you. Vincent Arbuckle with the New Zealand

781
00:41:35,239 --> 00:41:38,120
Speaker 2: Food Safety. It's quarter past five, Ryan Bred, You're on

782
00:41:38,160 --> 00:41:41,080
Speaker 2: news TALKB. This report of the text are coming at

783
00:41:41,120 --> 00:41:43,280
Speaker 2: thick and fast. As you can imagine if David and Denedden,

784
00:41:43,320 --> 00:41:46,520
Speaker 2: says Ryan, doctor Michael Baker alarmist, no way, he'd never

785
00:41:46,560 --> 00:41:49,560
Speaker 2: try and frighten us needlessly. The recommendations that they made.

786
00:41:49,640 --> 00:41:51,719
Speaker 2: One was that you have to have mandatory labels on

787
00:41:51,760 --> 00:41:54,840
Speaker 2: all the food, and another is that you would have

788
00:41:54,880 --> 00:41:58,640
Speaker 2: to potentially divert food that is hi in Kempeller back

789
00:41:58,680 --> 00:42:03,279
Speaker 2: to to safer forms like pre cooking or frozen. And

790
00:42:03,320 --> 00:42:05,600
Speaker 2: the other thing they want is a re establishing an

791
00:42:05,640 --> 00:42:09,239
Speaker 2: independent food safety regulator because they clearly don't think that

792
00:42:09,320 --> 00:42:13,000
Speaker 2: the guy we just spoke to, Vincent is independent New

793
00:42:13,080 --> 00:42:16,439
Speaker 2: Zealand food Safety part of MPI. They, I'm assuming think

794
00:42:16,800 --> 00:42:19,520
Speaker 2: maybe in the hand of industry too much something like that.

795
00:42:19,920 --> 00:42:21,520
Speaker 2: Is it that or do they just want more jobs

796
00:42:21,520 --> 00:42:22,400
Speaker 2: for more researchers.

797
00:42:22,440 --> 00:42:22,800
Speaker 5: I don't know.

798
00:42:23,480 --> 00:42:25,680
Speaker 2: Sixteen after five, you're on news Talks HEB. We'll get

799
00:42:25,680 --> 00:42:28,880
Speaker 2: to the AB's assistant coach, Jason Holland next News TALKSB

800
00:42:28,960 --> 00:42:31,840
Speaker 2: eighten minutes after five, Ice House Ventures has a fund,

801
00:42:31,920 --> 00:42:34,759
Speaker 2: big fund that is going to invest in new startups.

802
00:42:34,760 --> 00:42:36,880
Speaker 2: So what makes a good entrepreneur? Because if you think

803
00:42:36,880 --> 00:42:40,480
Speaker 2: about it, if you're a new entrepreneur like Halter and

804
00:42:40,520 --> 00:42:44,080
Speaker 2: you don't have experience in building a business previously, how

805
00:42:44,120 --> 00:42:46,960
Speaker 2: do they know that you're any good, that your ideas

806
00:42:47,000 --> 00:42:49,040
Speaker 2: are any good? And what proportion of it comes down

807
00:42:49,040 --> 00:42:51,759
Speaker 2: to the individual versus the idea. We'll talk to them

808
00:42:51,760 --> 00:42:55,080
Speaker 2: about it after six Right now, Saturday, the final test

809
00:42:55,160 --> 00:42:58,680
Speaker 2: the AB's v. France ten changes to the lineup to

810
00:42:58,719 --> 00:43:01,520
Speaker 2: the starting fifteen ahead of the game. Boden Barrett is

811
00:43:01,560 --> 00:43:04,359
Speaker 2: out with a hand injury. Damien McKenzie is in at

812
00:43:04,440 --> 00:43:07,560
Speaker 2: number ten. Pressure's off somewhat because we've already won games

813
00:43:07,560 --> 00:43:10,239
Speaker 2: one and two. Jason Holland is the assistant coach of

814
00:43:10,239 --> 00:43:12,040
Speaker 2: the Abs with me now, Hi, Jason.

815
00:43:12,840 --> 00:43:13,480
Speaker 16: Hey you right here?

816
00:43:13,480 --> 00:43:14,080
Speaker 5: You got yeah?

817
00:43:14,120 --> 00:43:16,160
Speaker 2: Good, thank you? A few changes for you guys.

818
00:43:17,760 --> 00:43:20,960
Speaker 16: Yeah, yeah, it's exciting. Been quite a few boys who

819
00:43:21,000 --> 00:43:24,000
Speaker 16: have been getting all over our game and training with

820
00:43:24,080 --> 00:43:26,719
Speaker 16: us for four or five weeks now and nag get

821
00:43:26,719 --> 00:43:28,319
Speaker 16: the opportunity to put it out on the park. So

822
00:43:28,840 --> 00:43:30,360
Speaker 16: you know, it's exciting, and I know a lot of

823
00:43:30,440 --> 00:43:32,520
Speaker 16: them are trumping at the bit to get into it.

824
00:43:32,640 --> 00:43:35,640
Speaker 2: What's the strategy do you weigh up giving people game

825
00:43:35,719 --> 00:43:40,080
Speaker 2: time versus, you know, not underplaying your hand against the French.

826
00:43:41,719 --> 00:43:45,360
Speaker 16: Look, I suppose we don't. There's been some unreal competition

827
00:43:45,400 --> 00:43:47,439
Speaker 16: over the last four or five weeks and makes our boys.

828
00:43:47,520 --> 00:43:49,239
Speaker 16: You know, you look at some of the guys who

829
00:43:49,280 --> 00:43:51,880
Speaker 16: are coming in and some are returning from injury. You know,

830
00:43:52,000 --> 00:43:55,400
Speaker 16: some seasoned guys like an Anton, Lenut Brown and Quinta

831
00:43:55,440 --> 00:43:57,719
Speaker 16: Pyre and those sorts of boys. We've got lots of experience,

832
00:43:57,800 --> 00:44:00,520
Speaker 16: so look at the matter of guys getting it upportunity

833
00:44:00,600 --> 00:44:03,360
Speaker 16: and we see this pretty good competition. Not much between

834
00:44:03,360 --> 00:44:04,840
Speaker 16: a lot of our players, as they shouldn't be in

835
00:44:04,840 --> 00:44:08,959
Speaker 16: an all black side, so you expecting the performance to keep

836
00:44:09,120 --> 00:44:11,040
Speaker 16: the keep on up for trajectory.

837
00:44:11,440 --> 00:44:14,520
Speaker 2: How bad is Bowden's injury?

838
00:44:15,360 --> 00:44:17,759
Speaker 16: Yeah, a little bit nigglly really my thing. It's just

839
00:44:17,800 --> 00:44:20,399
Speaker 16: a we're always sort of it's swallowing up a little

840
00:44:20,440 --> 00:44:23,960
Speaker 16: bit and it's probably something that we're just going to

841
00:44:24,040 --> 00:44:25,960
Speaker 16: make sure that it's he's right for a couple of

842
00:44:25,960 --> 00:44:28,320
Speaker 16: weeks time in Argentina, so it wasn't worth a risk.

843
00:44:28,400 --> 00:44:30,440
Speaker 2: This week, So he'll be back like it's not that

844
00:44:30,520 --> 00:44:32,920
Speaker 2: it's not serious. Heius, he'll be back in time for Argentina.

845
00:44:33,640 --> 00:44:35,360
Speaker 16: Yeah, we're expecting him to be on the plane and

846
00:44:35,680 --> 00:44:37,320
Speaker 16: available for Test one in Argentina.

847
00:44:37,440 --> 00:44:40,160
Speaker 2: Us is you breaking all your barretts Jason.

848
00:44:42,560 --> 00:44:44,640
Speaker 16: To break a dorret too, right? It just we're just

849
00:44:44,640 --> 00:44:45,759
Speaker 16: better put Jordia.

850
00:44:45,440 --> 00:44:46,040
Speaker 3: And Gotton rule.

851
00:44:47,640 --> 00:44:49,960
Speaker 2: A lot of cheats in the side too. Is this

852
00:44:50,160 --> 00:44:53,360
Speaker 2: tactical reasons or is this for the Hamilton crowd?

853
00:44:54,480 --> 00:44:56,239
Speaker 16: Oh, it's a little bit of a little bit of

854
00:44:57,600 --> 00:44:59,759
Speaker 16: getting the boys games on their home ground. But it's

855
00:45:00,000 --> 00:45:02,239
Speaker 16: a little bit the way it's panned out, as I

856
00:45:02,239 --> 00:45:04,480
Speaker 16: said with Albi, with Antoninnett, Brown and guys like that

857
00:45:04,560 --> 00:45:08,560
Speaker 16: coming back. But mate, give it added added often to

858
00:45:08,600 --> 00:45:11,440
Speaker 16: what we're doing. And you know, all those boys don't

859
00:45:11,440 --> 00:45:13,560
Speaker 16: want to let the Hamilton crowd it down. But the

860
00:45:13,600 --> 00:45:16,920
Speaker 16: other boys are excited to get a performance here for

861
00:45:17,239 --> 00:45:17,839
Speaker 16: the rest of us.

862
00:45:18,280 --> 00:45:21,400
Speaker 2: And what about Fabian Holland. This is his third start

863
00:45:21,520 --> 00:45:24,719
Speaker 2: for the All Blacks against the French. He must be

864
00:45:24,719 --> 00:45:27,520
Speaker 2: pretty happy with that. But you're obviously seeing good things.

865
00:45:28,719 --> 00:45:32,520
Speaker 16: Yeah, look, we're he's doing everything we've sort of expected

866
00:45:32,560 --> 00:45:35,000
Speaker 16: him to do after watching him through the last couple

867
00:45:35,040 --> 00:45:38,240
Speaker 16: of years of super and he's just sladdling nicely and

868
00:45:38,480 --> 00:45:40,279
Speaker 16: we'll just encourage him to do his job and be

869
00:45:40,360 --> 00:45:42,839
Speaker 16: here he is, and maybe he's done everything we've asked

870
00:45:42,840 --> 00:45:45,520
Speaker 16: of him and more so. Yeah, he deserves a spot

871
00:45:45,680 --> 00:45:48,960
Speaker 16: and yeah, three starts straight up, straight up against the

872
00:45:48,960 --> 00:45:50,960
Speaker 16: French is a great way to start a career.

873
00:45:51,480 --> 00:45:53,920
Speaker 2: Zooming out for a second, Jason, you must be feeling

874
00:45:53,960 --> 00:45:57,120
Speaker 2: quite happy with how things are going this season, with

875
00:45:57,200 --> 00:46:01,040
Speaker 2: how the team's performing with the develop. You know, everyone's

876
00:46:01,040 --> 00:46:03,000
Speaker 2: getting a chance to have a to have a run

877
00:46:03,000 --> 00:46:05,760
Speaker 2: on the field, to have a bite of the cherry.

878
00:46:06,200 --> 00:46:07,919
Speaker 2: You must be happy with where things are going.

879
00:46:09,440 --> 00:46:14,000
Speaker 16: Yeah, Look, as coaches, you're obviously you worry about performance

880
00:46:14,000 --> 00:46:15,719
Speaker 16: and that will bring the outcome. And we feel like

881
00:46:15,800 --> 00:46:18,880
Speaker 16: we're improving from Test one to test too. Still, you

882
00:46:19,360 --> 00:46:21,799
Speaker 16: know there's a lot of things when we reviewed last

883
00:46:21,800 --> 00:46:23,879
Speaker 16: week where we definitely need to be better and keep

884
00:46:23,880 --> 00:46:26,480
Speaker 16: getting better. So yeah, I suppose the answers. We're happy

885
00:46:26,520 --> 00:46:30,200
Speaker 16: with our improvement from week one to two, but really

886
00:46:30,239 --> 00:46:32,640
Speaker 16: sure that you know, there's a lot more at a

887
00:46:32,680 --> 00:46:35,359
Speaker 16: lot of areas we can find tune and me better.

888
00:46:35,400 --> 00:46:37,400
Speaker 16: So that's the focus going forward for this week and

889
00:46:38,160 --> 00:46:38,720
Speaker 16: going forward.

890
00:46:38,880 --> 00:46:40,920
Speaker 2: What's the main thing you're wanting to fix.

891
00:46:42,120 --> 00:46:47,120
Speaker 16: Well, there's a couple of things around our around our

892
00:46:47,160 --> 00:46:48,520
Speaker 16: kick game. We want to be better in the air.

893
00:46:48,560 --> 00:46:50,640
Speaker 16: We want to get more more ball back. You know,

894
00:46:50,760 --> 00:46:53,040
Speaker 16: we know the French kick a lot. That's what they're

895
00:46:53,080 --> 00:46:55,200
Speaker 16: based of. Either attack around is getting balls back off

896
00:46:55,280 --> 00:46:56,759
Speaker 16: kicks and we want to kick that away from them.

897
00:46:56,800 --> 00:46:58,359
Speaker 16: And also if we're going.

898
00:46:58,239 --> 00:47:00,000
Speaker 3: To kick contestable kicks, we want to kick them back.

899
00:47:00,080 --> 00:47:02,440
Speaker 16: So that's been a big focus and in just our

900
00:47:02,440 --> 00:47:06,480
Speaker 16: finish really making sure if we create opportunities that we're

901
00:47:06,800 --> 00:47:09,799
Speaker 16: pretty ruthless around putting things away and scoring tries from

902
00:47:10,080 --> 00:47:12,160
Speaker 16: from our line breaks. So there are a couple of

903
00:47:12,160 --> 00:47:15,400
Speaker 16: things that have been bigger than in our chats this week.

904
00:47:15,440 --> 00:47:19,680
Speaker 2: Kicking, catching and finishing. I look forward to the game

905
00:47:19,719 --> 00:47:23,799
Speaker 2: on the weekend. Jason, thank you beautiful, thanks for your time.

906
00:47:24,360 --> 00:47:26,799
Speaker 2: It's Jason Holland, All Black assistant coach with US tonight

907
00:47:26,880 --> 00:47:28,960
Speaker 2: twenty three minutes after five here on news Talks. They'd

908
00:47:29,000 --> 00:47:33,239
Speaker 2: be coming up next this fascinating world first trial which

909
00:47:33,360 --> 00:47:37,799
Speaker 2: basically means there have been eight healthy babies born too

910
00:47:39,040 --> 00:47:42,839
Speaker 2: three parents. I know, sounds weird. I'll explain it next.

911
00:47:44,080 --> 00:47:48,600
Speaker 1: Informed inside into today's issues. It's Ryan Bridge on Hither

912
00:47:48,719 --> 00:47:51,480
Speaker 1: duples Elan Drive with one New Zealand.

913
00:47:51,680 --> 00:47:53,680
Speaker 5: Let's get connected news talks.

914
00:47:53,680 --> 00:47:55,840
Speaker 2: They'd be five twenty six on news Talks. There'd be

915
00:47:55,880 --> 00:47:58,040
Speaker 2: I want to tell you about this world first trial

916
00:47:58,200 --> 00:48:03,800
Speaker 2: which is just fascinating. The headline is eye catching. Three parents,

917
00:48:04,080 --> 00:48:07,360
Speaker 2: one child not quite the truth, but we'll get to

918
00:48:07,360 --> 00:48:10,600
Speaker 2: that in a second. So they take DNA from three people.

919
00:48:11,080 --> 00:48:14,920
Speaker 2: This is all through IVF and eight healthy babies have

920
00:48:15,000 --> 00:48:19,080
Speaker 2: been born to DNA from three people rather than your

921
00:48:19,120 --> 00:48:22,839
Speaker 2: standard two parents. This is in the UK using new

922
00:48:22,920 --> 00:48:27,520
Speaker 2: IVF techniques that successfully reduce the risk of inheriting genetic

923
00:48:27,640 --> 00:48:32,080
Speaker 2: diseases from the mothers. The hope is that one day

924
00:48:32,160 --> 00:48:37,520
Speaker 2: you will have women who've got mutations in their mitochondrial DNA,

925
00:48:38,520 --> 00:48:41,080
Speaker 2: they will be able to have children without passing on

926
00:48:41,719 --> 00:48:46,919
Speaker 2: some of the diseases like, for example, impaired vision, diabetes,

927
00:48:47,200 --> 00:48:50,279
Speaker 2: muscle wasting, a whole bunch of stuff. So they've done

928
00:48:50,320 --> 00:48:54,400
Speaker 2: a trial. They use a small amount of healthy DNA

929
00:48:54,640 --> 00:48:58,399
Speaker 2: from an egg donor along with so you basically got

930
00:48:58,400 --> 00:49:01,040
Speaker 2: your mother's egg and your father's sperm and they take

931
00:49:01,080 --> 00:49:06,680
Speaker 2: a tiny little bit of a woman's egg and put

932
00:49:06,680 --> 00:49:10,040
Speaker 2: that into the process. So technically not true to say

933
00:49:10,080 --> 00:49:13,359
Speaker 2: there's three parents. They reckon it's roughly zero point one

934
00:49:13,440 --> 00:49:17,719
Speaker 2: percent of DNA from the donor, So you've got mum

935
00:49:17,840 --> 00:49:21,400
Speaker 2: dad plus zero point one percent of a female donor's

936
00:49:21,600 --> 00:49:27,680
Speaker 2: DNA producing eight healthy babies who would otherwise they think,

937
00:49:28,000 --> 00:49:32,080
Speaker 2: have been born with diseases. So the question is if

938
00:49:32,120 --> 00:49:35,800
Speaker 2: you can use gene technology to improve the health outcomes,

939
00:49:35,800 --> 00:49:39,520
Speaker 2: if you can use science to reduce disease. Should you.

940
00:49:42,320 --> 00:49:43,839
Speaker 2: I don't know the answer to that because I don't

941
00:49:43,840 --> 00:49:47,319
Speaker 2: have any children, but it's a very complicated one. I

942
00:49:47,320 --> 00:49:49,040
Speaker 2: don't know. If I was going to pass on a

943
00:49:49,080 --> 00:49:52,200
Speaker 2: disease to my kid, then yeah, I probably would do it.

944
00:49:52,520 --> 00:49:56,440
Speaker 2: I suppose Why wouldn't you? Twenty eight after five NEWSTALKSB.

945
00:50:09,560 --> 00:50:11,960
Speaker 1: On the iHeart app and in your car on your

946
00:50:12,040 --> 00:50:15,920
Speaker 1: drive home, it's Ryan Bridge on Heather Duplice allan drive

947
00:50:16,239 --> 00:50:17,520
Speaker 1: with one New Zealand.

948
00:50:17,840 --> 00:50:28,600
Speaker 9: Let's get connected news talks. That'd be.

949
00:50:28,840 --> 00:50:31,279
Speaker 2: Pretty far away from six news talks. We'll get to

950
00:50:31,960 --> 00:50:34,759
Speaker 2: huddle in just a second. Garethuse former Green MP and

951
00:50:34,800 --> 00:50:37,319
Speaker 2: Liam Here political commentator with us in just a few

952
00:50:37,320 --> 00:50:42,360
Speaker 2: seconds on the issue of gene editing of before a

953
00:50:42,480 --> 00:50:45,359
Speaker 2: child is born. We just spoke about this world leading trial.

954
00:50:45,400 --> 00:50:48,560
Speaker 2: What's happened in the UK. Lots of people kind of

955
00:50:48,600 --> 00:50:51,400
Speaker 2: split on this one. Ryan, why can't we just accept

956
00:50:51,440 --> 00:50:53,680
Speaker 2: the way that we are with flaws and all science

957
00:50:53,760 --> 00:50:58,000
Speaker 2: is going nuts? But another here says Huntington's disease would

958
00:50:58,000 --> 00:51:01,600
Speaker 2: be awesome to not have it's genetic disorder that this

959
00:51:01,719 --> 00:51:05,040
Speaker 2: listener has inherited, and that's the that's the crux of it,

960
00:51:05,080 --> 00:51:07,960
Speaker 2: isn't it You want to You want to say, yeah,

961
00:51:08,040 --> 00:51:10,160
Speaker 2: let's let everyone be born the way that they would

962
00:51:10,200 --> 00:51:12,880
Speaker 2: be born. But then at the same time, if you

963
00:51:13,000 --> 00:51:15,399
Speaker 2: are born with one of these diseases and you could

964
00:51:15,440 --> 00:51:18,839
Speaker 2: go back in time, you probably would you'd want to

965
00:51:19,680 --> 00:51:24,120
Speaker 2: twenty three away from six now, Ryan Bridge, the Obamas

966
00:51:24,239 --> 00:51:27,120
Speaker 2: just a quick update on their marriage, because everyone's worried

967
00:51:27,120 --> 00:51:31,120
Speaker 2: about them, and they've addressed this on persistent rumors about

968
00:51:31,160 --> 00:51:35,719
Speaker 2: them being divorced. They've addressed it on Michelle's Brothers podcast

969
00:51:35,920 --> 00:51:39,319
Speaker 2: called IMO. They got straight to the divorce rumor.

970
00:51:39,520 --> 00:51:43,120
Speaker 5: This is the episode that everyone's been waiting for.

971
00:51:44,440 --> 00:51:46,880
Speaker 23: Barack Obama, can you can you join us?

972
00:51:48,880 --> 00:51:51,680
Speaker 5: I look at you.

973
00:51:53,040 --> 00:51:53,239
Speaker 2: Wait?

974
00:51:53,520 --> 00:51:56,719
Speaker 8: You guys like each other? Oh yeah, really, that's.

975
00:52:00,520 --> 00:52:02,879
Speaker 2: It's so nice to have you both in the same room.

976
00:52:03,040 --> 00:52:07,320
Speaker 24: I know, because when we aren't, folks think we're divorced.

977
00:52:07,760 --> 00:52:10,360
Speaker 2: Though they really do. They say, there's nothing to this.

978
00:52:11,000 --> 00:52:15,520
Speaker 24: There hasn't been one moment in our marriage where I

979
00:52:15,680 --> 00:52:21,200
Speaker 24: thought about Quentin my man. And we've had some really

980
00:52:21,480 --> 00:52:23,399
Speaker 24: hard times, so we had to have had a lot

981
00:52:23,440 --> 00:52:27,160
Speaker 24: of fun times, a lot of adventures, and I have

982
00:52:27,560 --> 00:52:30,680
Speaker 24: become a better person because of the man I'm married

983
00:52:30,719 --> 00:52:32,000
Speaker 24: to Okay.

984
00:52:31,760 --> 00:52:35,879
Speaker 2: Don't make me cry now at the beginning of don't

985
00:52:35,920 --> 00:52:40,000
Speaker 2: let me start tearing up now. Yeah, apparently nothing to

986
00:52:40,160 --> 00:52:43,439
Speaker 2: the rumors at all. Twenty two away from six now

987
00:52:43,520 --> 00:52:45,680
Speaker 2: ordering a tammodiki here in New Zealand gearing up for

988
00:52:45,719 --> 00:52:49,399
Speaker 2: another round of the boot camps for youth offenders next year.

989
00:52:49,560 --> 00:52:52,080
Speaker 2: But might be difficult for us to tell how well

990
00:52:52,120 --> 00:52:56,640
Speaker 2: they're actually working, they say they are not published details

991
00:52:56,640 --> 00:53:00,719
Speaker 2: of how many participants are reoffending after they complete the program.

992
00:53:01,080 --> 00:53:04,080
Speaker 2: There have been allegations that at the last three of

993
00:53:04,160 --> 00:53:06,319
Speaker 2: the young people, the last three of the young people

994
00:53:06,400 --> 00:53:09,439
Speaker 2: who've already gone to boot camp, committed serious crimes since

995
00:53:09,440 --> 00:53:12,920
Speaker 2: the program began. So how we know the measure of

996
00:53:12,960 --> 00:53:15,600
Speaker 2: success is the question. Tamoth Paul is the Green Party

997
00:53:15,600 --> 00:53:19,319
Speaker 2: spokesperson for youth and joins me tonight. Hi, Tamatha Kotter Ryan,

998
00:53:19,360 --> 00:53:21,560
Speaker 2: how's it going? Yeah? Good, thank you? So do you

999
00:53:21,640 --> 00:53:25,040
Speaker 2: think they should The boot camps are happening, right, but

1000
00:53:25,200 --> 00:53:27,880
Speaker 2: should we know whether the kids are reoffending?

1001
00:53:29,719 --> 00:53:31,960
Speaker 23: Well, that is one of the measures of success for

1002
00:53:32,000 --> 00:53:34,880
Speaker 23: the pilot, So I think it's really important that we

1003
00:53:34,960 --> 00:53:36,640
Speaker 23: do know. But at the same time, the pilot's a

1004
00:53:36,640 --> 00:53:40,120
Speaker 23: little bit useless because they've already started getting the legislation through,

1005
00:53:40,160 --> 00:53:42,279
Speaker 23: so it's not actually going to inform what ends up

1006
00:53:42,280 --> 00:53:43,200
Speaker 23: being the boot camps.

1007
00:53:43,680 --> 00:53:46,439
Speaker 2: Why do you think that they bording at Tamadiki wants

1008
00:53:46,480 --> 00:53:48,279
Speaker 2: to not publicize the data.

1009
00:53:49,239 --> 00:53:52,319
Speaker 23: Because the pilot has been in utter failure and they

1010
00:53:52,400 --> 00:53:55,040
Speaker 23: know it. And when in the beginning, their measures of

1011
00:53:55,040 --> 00:53:57,719
Speaker 23: success were the rates of reoffending. And now that they've

1012
00:53:57,719 --> 00:54:01,640
Speaker 23: realized that chucking half million dollars at each child and

1013
00:54:01,680 --> 00:54:05,759
Speaker 23: putting them into the boot camp and expecting them that

1014
00:54:05,880 --> 00:54:08,759
Speaker 23: to work and not working is not good enough, And

1015
00:54:08,760 --> 00:54:11,200
Speaker 23: so they've shifted the goalpost now and say, oh no, no,

1016
00:54:11,920 --> 00:54:14,960
Speaker 23: we're not focusing on that. We've actually made it now

1017
00:54:15,120 --> 00:54:18,560
Speaker 23: that it's a success depending on how much time they

1018
00:54:18,640 --> 00:54:21,560
Speaker 23: spend in community before they reoffend. I don't think that's

1019
00:54:21,560 --> 00:54:24,799
Speaker 23: what any people that voted for this government expected around

1020
00:54:24,840 --> 00:54:25,520
Speaker 23: the boot camps.

1021
00:54:25,640 --> 00:54:29,200
Speaker 2: No, so you agree reoffending's bad, offending's bad.

1022
00:54:30,080 --> 00:54:33,480
Speaker 23: Well, it's basically the fact that if this pilot in

1023
00:54:33,600 --> 00:54:36,840
Speaker 23: these boot camps are about helping young people to stop

1024
00:54:36,840 --> 00:54:41,040
Speaker 23: offending and turn their lives around, then this completely fails

1025
00:54:41,040 --> 00:54:43,120
Speaker 23: and it's because they ignored the evidence and they ignored

1026
00:54:43,120 --> 00:54:45,880
Speaker 23: the history in this country of failed boot camp experiments

1027
00:54:45,880 --> 00:54:48,080
Speaker 23: from the seventies to the last national government.

1028
00:54:48,600 --> 00:54:51,600
Speaker 2: Because offending's bad and reoffending's bad. Do you agree with that?

1029
00:54:53,600 --> 00:54:55,759
Speaker 23: Well, if that is the measure of success for the

1030
00:54:55,800 --> 00:55:00,399
Speaker 23: boot camp and they have not met that, yeah, absolutely.

1031
00:55:00,120 --> 00:55:03,719
Speaker 2: You agree that young people offending or reoffending is a

1032
00:55:03,760 --> 00:55:04,279
Speaker 2: bad thing.

1033
00:55:05,920 --> 00:55:06,120
Speaker 5: Yeah.

1034
00:55:06,120 --> 00:55:08,000
Speaker 23: I want young people to have the best lives that

1035
00:55:08,040 --> 00:55:11,560
Speaker 23: they can and not have to resort to committing crime,

1036
00:55:11,600 --> 00:55:14,919
Speaker 23: which means giving them good education, good housing, and good

1037
00:55:15,040 --> 00:55:18,879
Speaker 23: access to opportunities in their lives, good jobs, trades, all

1038
00:55:18,920 --> 00:55:19,720
Speaker 23: of those things.

1039
00:55:19,800 --> 00:55:22,320
Speaker 2: Okay, So what do you think led to the spike

1040
00:55:22,800 --> 00:55:25,480
Speaker 2: because it went up twenty three percent under the last government.

1041
00:55:25,680 --> 00:55:30,040
Speaker 2: What led to the spike in serious persistent young offending.

1042
00:55:31,400 --> 00:55:34,960
Speaker 23: There are some pretty clear links between the lockdowns and

1043
00:55:36,320 --> 00:55:40,600
Speaker 23: youth offending that have been made and I believe Jenny Anderson,

1044
00:55:40,640 --> 00:55:43,480
Speaker 23: as the Minister of Police made this connection at the

1045
00:55:43,520 --> 00:55:46,520
Speaker 23: time as well, because, and this relates to the boot camps.

1046
00:55:46,719 --> 00:55:51,080
Speaker 23: When you take young people out of their communities, take

1047
00:55:51,120 --> 00:55:54,960
Speaker 23: away their access to their schooling, their churches, their sports teams,

1048
00:55:55,000 --> 00:55:59,760
Speaker 23: their community groups and all other elements of their lives.

1049
00:56:00,000 --> 00:56:02,120
Speaker 23: And when you put them into situations where they're stuck

1050
00:56:02,120 --> 00:56:04,359
Speaker 23: in families where they might be violence or abuse or

1051
00:56:04,600 --> 00:56:07,839
Speaker 23: whatever going on, then that will lead to offending. So

1052
00:56:07,880 --> 00:56:10,960
Speaker 23: that actually kind of matches the rationale that we've been

1053
00:56:11,000 --> 00:56:13,360
Speaker 23: saying in opposition to camps.

1054
00:56:13,600 --> 00:56:15,560
Speaker 2: Isn't it good to get them out of the home

1055
00:56:15,600 --> 00:56:19,280
Speaker 2: then into a camp, so they'd.

1056
00:56:19,840 --> 00:56:24,680
Speaker 23: That countries that do better in terms of reducing youth

1057
00:56:24,760 --> 00:56:29,920
Speaker 23: re offending have far less secure bids in their countries

1058
00:56:30,000 --> 00:56:32,120
Speaker 23: than we do here. We have a really high rate

1059
00:56:32,200 --> 00:56:37,120
Speaker 23: basically of youth justice residences and beds, and it's pretty

1060
00:56:37,360 --> 00:56:40,839
Speaker 23: well founded across research and practice that when you take

1061
00:56:41,000 --> 00:56:43,319
Speaker 23: young people out of their communities and put them into

1062
00:56:43,360 --> 00:56:46,640
Speaker 23: these residences, it's far less effective than keeping them in

1063
00:56:46,680 --> 00:56:50,399
Speaker 23: their communities and providing them with the services that they need.

1064
00:56:50,680 --> 00:56:54,240
Speaker 23: And honestly, it's quite simple. It's just like job opportunities,

1065
00:56:54,520 --> 00:56:58,360
Speaker 23: education opportunities, mental health care, all of that stuff.

1066
00:56:58,400 --> 00:57:01,120
Speaker 2: TEMP appreciate you coming on the program. Night tiententh Paul Green,

1067
00:57:01,280 --> 00:57:04,080
Speaker 2: spokesperson for Youth It is seventeen away from six.

1068
00:57:04,800 --> 00:57:08,799
Speaker 1: The Huddle with New Zealand Southeby's International Realty unique homes

1069
00:57:08,920 --> 00:57:09,880
Speaker 1: uniquely for you.

1070
00:57:10,760 --> 00:57:13,560
Speaker 2: Joining huddle tonight Gareth, who's former Green MP, Hi Gareth,

1071
00:57:13,600 --> 00:57:17,160
Speaker 2: Good to have you on the show, And joining us

1072
00:57:17,320 --> 00:57:21,600
Speaker 2: is Liam Here, lawyer and political commentator. Hey Liam both.

1073
00:57:22,040 --> 00:57:24,560
Speaker 2: So what do we make of that? Liam?

1074
00:57:25,080 --> 00:57:29,240
Speaker 3: It was you were really talking at cross purposes and

1075
00:57:29,920 --> 00:57:30,560
Speaker 3: it's interesting.

1076
00:57:30,640 --> 00:57:30,800
Speaker 1: Right.

1077
00:57:31,000 --> 00:57:33,680
Speaker 3: Look, here's my view, My sort of contrary and take

1078
00:57:34,200 --> 00:57:35,920
Speaker 3: is that you don't have to be aft on a

1079
00:57:35,960 --> 00:57:40,040
Speaker 3: crime to be skeptical of boot camps. And you know,

1080
00:57:40,080 --> 00:57:42,520
Speaker 3: I think we should have the numbers because I suspect

1081
00:57:42,520 --> 00:57:45,360
Speaker 3: the lovers do point to a failure and that family

1082
00:57:45,440 --> 00:57:47,160
Speaker 3: doesn't mean that we need to be soft on a crime,

1083
00:57:47,200 --> 00:57:49,360
Speaker 3: but it does mean that we probably need to recognize

1084
00:57:49,840 --> 00:57:52,919
Speaker 3: that right wing social engineering works no better than left

1085
00:57:52,920 --> 00:57:57,560
Speaker 3: wing social social lidiineering does. And you know this idea

1086
00:57:57,640 --> 00:58:00,960
Speaker 3: that you can you can fix people, the defective widgets

1087
00:58:00,960 --> 00:58:03,760
Speaker 3: that can be molded back into being useful members of society.

1088
00:58:04,240 --> 00:58:07,640
Speaker 3: Who does one neat trick that they're just wrong? It's

1089
00:58:07,720 --> 00:58:10,920
Speaker 3: done right wing populism and it's never worked. So I

1090
00:58:10,920 --> 00:58:14,360
Speaker 3: don't need to be cynical. I believe that crime should

1091
00:58:14,400 --> 00:58:16,959
Speaker 3: be followed by punishment, but I don't think there's any

1092
00:58:17,040 --> 00:58:19,760
Speaker 3: real reason to have any confidence in this particular measure,

1093
00:58:20,120 --> 00:58:21,640
Speaker 3: and the fact that we don't know the numbers and

1094
00:58:21,640 --> 00:58:23,360
Speaker 3: then aren't going to be given to us sort of

1095
00:58:23,360 --> 00:58:24,720
Speaker 3: reinforces that skepticism.

1096
00:58:25,000 --> 00:58:27,960
Speaker 2: I'm skeptical about not having numbers too, as skeptical as

1097
00:58:28,000 --> 00:58:31,960
Speaker 2: the next guy. Gareth. Is this about rehabilitating kids or

1098
00:58:32,080 --> 00:58:35,120
Speaker 2: is this a let's get them off the street because

1099
00:58:35,120 --> 00:58:36,600
Speaker 2: I'm sick of them stealing my stuff.

1100
00:58:38,360 --> 00:58:39,960
Speaker 22: Could be a little bit of both, And you know,

1101
00:58:40,040 --> 00:58:41,760
Speaker 22: this is part of the danger when you sort of

1102
00:58:41,800 --> 00:58:43,800
Speaker 22: come up with a good idea and opposition that looks

1103
00:58:43,800 --> 00:58:46,280
Speaker 22: good on a press release and a media launch, but

1104
00:58:46,360 --> 00:58:49,000
Speaker 22: you've got to follow through. And the government really looks

1105
00:58:49,080 --> 00:58:50,760
Speaker 22: like in this case, and I agree with Liam on

1106
00:58:50,800 --> 00:58:53,600
Speaker 22: this point, didn't work last time, doesn't look like it's

1107
00:58:53,600 --> 00:58:55,920
Speaker 22: working this time from the scant evidence we do have,

1108
00:58:56,360 --> 00:58:58,560
Speaker 22: So it looks like this is just management of political

1109
00:58:58,600 --> 00:59:01,440
Speaker 22: optics and hiding it away. The government's coming up with

1110
00:59:01,560 --> 00:59:04,520
Speaker 22: legislation to bring this in to have even longer periods

1111
00:59:04,560 --> 00:59:07,120
Speaker 22: of time for these use to be in there. It's

1112
00:59:07,160 --> 00:59:09,200
Speaker 22: pretty hard to go to the effectiveness if it's not

1113
00:59:09,240 --> 00:59:11,520
Speaker 22: going to release the data. Pretty hard to get long

1114
00:59:11,600 --> 00:59:14,560
Speaker 22: term consensu and buying across the political aisle if you're

1115
00:59:14,560 --> 00:59:17,240
Speaker 22: not even going to share the data. So yeah, it

1116
00:59:17,280 --> 00:59:19,400
Speaker 22: doesn't look good for the government. But the fact of

1117
00:59:19,400 --> 00:59:21,080
Speaker 22: the matter is we don't want to see use offending

1118
00:59:21,120 --> 00:59:23,120
Speaker 22: full stop, and we definitely don't want to see youse

1119
00:59:23,240 --> 00:59:24,479
Speaker 22: reoffending full stop.

1120
00:59:24,560 --> 00:59:26,000
Speaker 2: No, well, I'm glad to have with the Paul funding.

1121
00:59:26,040 --> 00:59:28,320
Speaker 2: Got to that too. GARETHEUS and LIMB here on the

1122
00:59:28,400 --> 00:59:29,919
Speaker 2: huddle back in a second.

1123
00:59:30,520 --> 00:59:34,320
Speaker 1: The huddle with New Zealand Southeby's International Realty the ones

1124
00:59:34,400 --> 00:59:36,600
Speaker 1: for unmassed results.

1125
00:59:36,040 --> 00:59:38,560
Speaker 2: On the huddle tonight. GARETHEUS and LIMB here? Guys. This

1126
00:59:38,800 --> 00:59:41,920
Speaker 2: campbell A bactor story out today. So it's Michael Baker

1127
00:59:42,040 --> 00:59:45,960
Speaker 2: and some other scientists warning which our food regulator is

1128
00:59:45,960 --> 00:59:49,880
Speaker 2: called an alarmist paper, but warning that you'll get campbell

1129
00:59:49,880 --> 00:59:53,520
Speaker 2: A bacta from chicken in your kitchen, and we need

1130
00:59:53,600 --> 00:59:58,360
Speaker 2: food labeling to stop this from spreading further. Liam, I'm

1131
00:59:58,360 --> 01:00:00,600
Speaker 2: just not sure I know that chicken and you know

1132
01:00:00,640 --> 01:00:02,560
Speaker 2: you can get sick from chicken. Who like, who doesn't

1133
01:00:02,560 --> 01:00:02,800
Speaker 2: know that?

1134
01:00:04,560 --> 01:00:06,720
Speaker 3: I mean, we did draw the line in terms of

1135
01:00:06,720 --> 01:00:09,160
Speaker 3: having to label things and what warnings on things where

1136
01:00:09,720 --> 01:00:12,360
Speaker 3: we used to have an expectation that that sort of

1137
01:00:12,360 --> 01:00:15,560
Speaker 3: common sense knowledge, you know, so it gets transmitted from

1138
01:00:15,600 --> 01:00:17,760
Speaker 3: one generation to the next. I used to work in

1139
01:00:17,800 --> 01:00:20,080
Speaker 3: a supermarket and when I was at UNI, and I remember,

1140
01:00:20,920 --> 01:00:22,240
Speaker 3: no one had to be told that when you were

1141
01:00:22,280 --> 01:00:24,880
Speaker 3: packing a check in, we had to pack it separate

1142
01:00:24,960 --> 01:00:26,960
Speaker 3: from everything else. It was just something that we picked

1143
01:00:27,040 --> 01:00:30,000
Speaker 3: up or we learned from our parents. And you know,

1144
01:00:30,080 --> 01:00:31,880
Speaker 3: so for me it's like, oh, yeah, okay, I guess

1145
01:00:31,880 --> 01:00:34,240
Speaker 3: so here's another warning label. But why are we so

1146
01:00:34,360 --> 01:00:37,160
Speaker 3: bad at transmitting this information? I mean, Garreth, you used

1147
01:00:37,160 --> 01:00:39,520
Speaker 3: to work for Looking Burgers, so you know presumably you

1148
01:00:39,600 --> 01:00:41,840
Speaker 3: knew that too, right, we don't have to be told

1149
01:00:41,840 --> 01:00:42,440
Speaker 3: you don't put me.

1150
01:00:42,800 --> 01:00:44,720
Speaker 22: We're in a supermarket too, And I did you know

1151
01:00:44,760 --> 01:00:47,760
Speaker 22: the safety courses and you learn all about that stuff.

1152
01:00:47,840 --> 01:00:50,280
Speaker 22: I mean, it's pretty surprising. I mean, what this study

1153
01:00:50,320 --> 01:00:52,800
Speaker 22: shows is since two thousand and eight, when apparently we

1154
01:00:52,840 --> 01:00:55,040
Speaker 22: had the highest templer back to rate in the world

1155
01:00:55,040 --> 01:00:57,520
Speaker 22: at the time, but since then board and some regulation,

1156
01:00:57,640 --> 01:01:01,880
Speaker 22: we've had nine thousand hospitalizations see thousand deaths costing one

1157
01:01:01,920 --> 01:01:04,240
Speaker 22: point four billion dollars. So for me, it's a bit

1158
01:01:04,240 --> 01:01:05,760
Speaker 22: of a wake up call. I didn't realize it was

1159
01:01:05,800 --> 01:01:06,840
Speaker 22: such a massive problem.

1160
01:01:07,160 --> 01:01:09,840
Speaker 2: This is the thing. Though we had the food in

1161
01:01:09,840 --> 01:01:14,080
Speaker 2: New Zealand Food Safety on tonight. It actually it's it's

1162
01:01:14,320 --> 01:01:18,360
Speaker 2: you know, Michael Baker at EL said sixty deaths. They say,

1163
01:01:18,360 --> 01:01:21,720
Speaker 2: actually it was only three deaths, but people who died

1164
01:01:21,840 --> 01:01:25,160
Speaker 2: of compeller vector as opposed to just with compeller vector.

1165
01:01:25,320 --> 01:01:28,960
Speaker 3: Oh no, like COVID exactly exactly.

1166
01:01:30,400 --> 01:01:33,280
Speaker 2: How do we trust? I don't know, but I think

1167
01:01:33,320 --> 01:01:36,120
Speaker 2: the point is, you know, everybody knows putting a label

1168
01:01:36,160 --> 01:01:37,760
Speaker 2: on chicken is not going to tell us anything we

1169
01:01:37,800 --> 01:01:38,480
Speaker 2: don't already know.

1170
01:01:38,720 --> 01:01:40,880
Speaker 16: You know that, I understand.

1171
01:01:40,880 --> 01:01:44,840
Speaker 22: They're also recommending we introduce limits on the safe allowable

1172
01:01:44,920 --> 01:01:47,600
Speaker 22: levels of campla vector on fresh chicken. Look, I'm sure

1173
01:01:47,640 --> 01:01:50,920
Speaker 22: most people cook chicken. Well, I don't need chicken myself,

1174
01:01:50,960 --> 01:01:52,480
Speaker 22: so it's not a problem for me. But I've got

1175
01:01:52,520 --> 01:01:54,480
Speaker 22: chickens in the coups, so I need to make sure

1176
01:01:54,520 --> 01:01:56,000
Speaker 22: I'm cleaning it out more frequently.

1177
01:01:57,160 --> 01:02:01,840
Speaker 3: We don't know want then, like it's not just eating though,

1178
01:02:01,840 --> 01:02:04,280
Speaker 3: it's how you saw it and pack it, and you

1179
01:02:04,320 --> 01:02:06,040
Speaker 3: know what you and I don't know. Like I just

1180
01:02:06,400 --> 01:02:08,280
Speaker 3: I've always felt that that's the hype of thing that

1181
01:02:08,360 --> 01:02:11,680
Speaker 3: parents meant to transmit to their children organically, and for

1182
01:02:11,720 --> 01:02:13,320
Speaker 3: some reason we just don't do that anymore.

1183
01:02:13,760 --> 01:02:16,520
Speaker 2: Gareth, what are you having for dinner tonight? Are you vegan?

1184
01:02:17,480 --> 01:02:20,760
Speaker 22: I'm not vegan. I'm vegetarian and my daughter's making enchiladas,

1185
01:02:20,760 --> 01:02:22,720
Speaker 22: who's fourteen year old was in the kitchen.

1186
01:02:23,200 --> 01:02:25,640
Speaker 2: Oh fantastic. No, So won't be putting chicken in your

1187
01:02:25,680 --> 01:02:26,560
Speaker 2: enchiladas tonight.

1188
01:02:27,800 --> 01:02:29,959
Speaker 22: No, none for me. But I think people are probably

1189
01:02:30,000 --> 01:02:31,320
Speaker 22: going to be moorried next time they go to the

1190
01:02:31,360 --> 01:02:33,040
Speaker 22: bakery and bite them to a chicken sandwich.

1191
01:02:33,680 --> 01:02:37,240
Speaker 2: Hey, the idea of a rates cap for counsels, Liam,

1192
01:02:37,320 --> 01:02:42,640
Speaker 2: Should we also cap taxes from government while we're at it.

1193
01:02:43,160 --> 01:02:47,400
Speaker 3: Yeah, look, I'd love it as a provisional taxpayer, I'd

1194
01:02:47,400 --> 01:02:50,640
Speaker 3: love that. But it's different. It's fundamentally different, And I

1195
01:02:50,640 --> 01:02:52,440
Speaker 3: don't think you should just beat up on local government

1196
01:02:52,440 --> 01:02:53,600
Speaker 3: and they get a lot of stuff that they have

1197
01:02:53,720 --> 01:02:55,240
Speaker 3: to do, and they're going to work from the quite

1198
01:02:55,280 --> 01:02:58,040
Speaker 3: tight limits already. But Parliament is.

1199
01:02:58,080 --> 01:02:58,680
Speaker 16: Sovereign, right.

1200
01:02:58,720 --> 01:03:01,440
Speaker 3: Parliament is the sovereign body that's every ud of the country.

1201
01:03:01,480 --> 01:03:05,840
Speaker 3: It's got unlimited power, whereas counsel is delegated from from below.

1202
01:03:05,960 --> 01:03:09,560
Speaker 3: So I think I think Parliament can legitimately tell Council

1203
01:03:09,640 --> 01:03:11,400
Speaker 3: to do things that it doesn't have to do itself.

1204
01:03:11,440 --> 01:03:13,840
Speaker 3: I think that's that's pretty constitutionally sound.

1205
01:03:14,520 --> 01:03:16,960
Speaker 2: How are the other problem, of course, is Gareth, is

1206
01:03:17,000 --> 01:03:19,800
Speaker 2: how do you actually make a cap work? You know,

1207
01:03:19,880 --> 01:03:22,200
Speaker 2: are you talking about core services? Are you talking about

1208
01:03:22,200 --> 01:03:22,800
Speaker 2: other stuff?

1209
01:03:24,440 --> 01:03:26,120
Speaker 22: Well, that's just right, and you could end up playing

1210
01:03:26,120 --> 01:03:27,920
Speaker 22: a game of whack a mole where they just increase

1211
01:03:27,960 --> 01:03:30,240
Speaker 22: the parking fines and the traffic cameras and all the

1212
01:03:30,280 --> 01:03:32,720
Speaker 22: other fees and levies they put on. So it's whack

1213
01:03:32,760 --> 01:03:34,600
Speaker 22: a mole. But it looks like the government doesn't have

1214
01:03:34,600 --> 01:03:36,600
Speaker 22: the support of even New Zealand First and Act at

1215
01:03:36,640 --> 01:03:39,720
Speaker 22: the stage to advance this policy. The problem is right,

1216
01:03:39,720 --> 01:03:42,600
Speaker 22: we've got this broken funding system for local government. That's

1217
01:03:42,640 --> 01:03:45,200
Speaker 22: the real elephant in the room. And look, I support

1218
01:03:45,280 --> 01:03:47,920
Speaker 22: ACT in New Zealand First policies to return some GST

1219
01:03:48,000 --> 01:03:49,919
Speaker 22: to the regions. I think that would be a much

1220
01:03:49,960 --> 01:03:53,440
Speaker 22: more substantial solution. Then again, this is a policy that

1221
01:03:53,480 --> 01:03:55,200
Speaker 22: looks good in the headline, but it's going to have

1222
01:03:55,280 --> 01:03:56,560
Speaker 22: all these downstream.

1223
01:03:56,120 --> 01:03:59,640
Speaker 2: Problems and get central government paying some rates that might

1224
01:03:59,680 --> 01:04:02,160
Speaker 2: be a nice so Ida too. Liam here and GARETHEUS

1225
01:04:02,200 --> 01:04:04,560
Speaker 2: on the huddle tonight, Thanks guys. Eight minutes to six

1226
01:04:04,600 --> 01:04:05,560
Speaker 2: Here on news Talks HEB.

1227
01:04:06,600 --> 01:04:10,080
Speaker 1: It's the Heather Duplessy Allen Drive Full Show podcast on

1228
01:04:10,240 --> 01:04:12,720
Speaker 1: Ihart Radio powered by News Talks EDB.

1229
01:04:15,200 --> 01:04:17,560
Speaker 2: News Talks HEB. It's just gone five away from six,

1230
01:04:17,720 --> 01:04:20,120
Speaker 2: and after six thirty tonight we'll get to Sam Dickey.

1231
01:04:20,400 --> 01:04:22,600
Speaker 2: He's giving us a market update. Actually going to look

1232
01:04:22,600 --> 01:04:25,600
Speaker 2: at reporting season over in the US, and we've got

1233
01:04:25,640 --> 01:04:29,040
Speaker 2: some big banks reporting already and what is that telling

1234
01:04:29,080 --> 01:04:31,560
Speaker 2: us about the health of the globe, Well, not just

1235
01:04:31,560 --> 01:04:34,080
Speaker 2: the American economy, but the global economy their outlook as well.

1236
01:04:34,080 --> 01:04:36,920
Speaker 2: He'll be with us after six thirty tonight. This is

1237
01:04:36,960 --> 01:04:40,360
Speaker 2: from we were talking earlier about food price inflation stats

1238
01:04:40,360 --> 01:04:42,840
Speaker 2: and the Z numbers out today. The positive side of

1239
01:04:42,880 --> 01:04:45,080
Speaker 2: all of this, because we did all the negative, is

1240
01:04:45,120 --> 01:04:49,320
Speaker 2: olive oil. Olive oil was four point six percent cheaper

1241
01:04:50,000 --> 01:04:52,640
Speaker 2: than it was in June twenty twenty four, so four

1242
01:04:52,640 --> 01:04:54,919
Speaker 2: point six percent cheaper for the year to June twenty

1243
01:04:54,960 --> 01:04:57,680
Speaker 2: five and twenty four, the first month food stuff's has

1244
01:04:57,720 --> 01:04:59,880
Speaker 2: recorded a year on year price decrease for olive oil

1245
01:05:00,040 --> 01:05:03,640
Speaker 2: since January twenty twenty four, because it has. I mean,

1246
01:05:03,720 --> 01:05:06,560
Speaker 2: the thing is, it has shot up quite rapidly, hasn't it.

1247
01:05:06,720 --> 01:05:09,960
Speaker 2: Nineteen ninety two the number to text Ryan. We should

1248
01:05:10,000 --> 01:05:13,400
Speaker 2: take warning labels off everything. This is after the chicken discussion.

1249
01:05:13,440 --> 01:05:15,520
Speaker 2: We should actually take the warning labels off everything. It

1250
01:05:15,520 --> 01:05:18,240
Speaker 2: will eventually raise the IQ of the population, that is

1251
01:05:18,840 --> 01:05:20,520
Speaker 2: I kind of agree with that. I also think we

1252
01:05:20,520 --> 01:05:23,200
Speaker 2: should take all of the safety mechanisms on our cars

1253
01:05:23,240 --> 01:05:26,560
Speaker 2: away as well, because then we'll be forced to think

1254
01:05:26,600 --> 01:05:30,000
Speaker 2: about what we're doing at the moment. How often, like

1255
01:05:30,080 --> 01:05:32,360
Speaker 2: right now listening to this show, are you just driving

1256
01:05:32,400 --> 01:05:36,200
Speaker 2: along completely in your head, not thinking about what you're doing?

1257
01:05:36,240 --> 01:05:38,440
Speaker 2: And oh, there's an airbag for that, there's a stop

1258
01:05:38,440 --> 01:05:40,000
Speaker 2: sign for that, there's a good way for that. I

1259
01:05:40,000 --> 01:05:42,439
Speaker 2: don't actually have to do anything. That's what you're doing

1260
01:05:42,520 --> 01:05:43,960
Speaker 2: right now, aren't you be honest?

1261
01:05:45,160 --> 01:05:47,280
Speaker 10: And I thought you might be slightly overstating the safety

1262
01:05:47,320 --> 01:05:49,280
Speaker 10: benefits of airbags here rhyme, but please keep coming.

1263
01:05:49,320 --> 01:05:51,400
Speaker 2: Well, I mean that's how I feel when I get

1264
01:05:51,400 --> 01:05:54,919
Speaker 2: in the car, totally invincible and completely ignorant about what's

1265
01:05:54,960 --> 01:05:58,080
Speaker 2: going on around me. So I wouldn't mind if you

1266
01:05:58,280 --> 01:05:58,880
Speaker 2: getting rid of the.

1267
01:05:58,880 --> 01:06:01,080
Speaker 10: Wonder If that's how Emma Watson it up in trouble.

1268
01:06:00,920 --> 01:06:03,880
Speaker 2: Well that's the point. Gee, that was a harsh fine,

1269
01:06:03,960 --> 01:06:05,440
Speaker 2: wasn't it for her? Yeah?

1270
01:06:06,240 --> 01:06:09,520
Speaker 10: The nine demerits must have been stacking up outrageous.

1271
01:06:09,840 --> 01:06:11,720
Speaker 2: Three away from sex, you're on news Talks, he'd be

1272
01:06:12,040 --> 01:06:15,080
Speaker 2: do drive safely. We'll get to Ice House Ventures on

1273
01:06:15,120 --> 01:06:16,480
Speaker 2: what makes a good entrepreneur?

1274
01:06:16,560 --> 01:06:25,080
Speaker 8: Next, will you give me a home?

1275
01:06:25,640 --> 01:06:26,439
Speaker 2: We can't fix?

1276
01:06:26,480 --> 01:06:30,320
Speaker 25: Said, if way over facing look the past, be the

1277
01:06:30,480 --> 01:06:33,000
Speaker 25: pastor is Waivers.

1278
01:06:33,440 --> 01:06:36,840
Speaker 1: Keeping track of where the money is flowing. The Business

1279
01:06:36,840 --> 01:06:42,240
Speaker 1: Hour with Ryan Bridge and insurance and investments, Grow your wealth,

1280
01:06:42,400 --> 01:06:46,080
Speaker 1: Protect your future, news talk said, be good evening.

1281
01:06:46,120 --> 01:06:49,560
Speaker 2: It is seven after snooze talk said, b coming up shortly.

1282
01:06:49,560 --> 01:06:52,080
Speaker 2: We'll talked to Jamie McKay for a rural update. Host

1283
01:06:52,120 --> 01:06:54,560
Speaker 2: of the Country. Who's on the program are Sam Dickey

1284
01:06:54,680 --> 01:06:58,120
Speaker 2: on bank profits in the US. We've had some reports

1285
01:06:58,160 --> 01:07:01,080
Speaker 2: come through, some reporting season reports already and to the

1286
01:07:01,200 --> 01:07:05,080
Speaker 2: UK will go before seven. Keir Starmer is punishing those

1287
01:07:05,200 --> 01:07:07,880
Speaker 2: labor MPs that revolted, you know, when they tried to

1288
01:07:08,480 --> 01:07:11,680
Speaker 2: pull back roll back some of the welfare changes. He

1289
01:07:12,080 --> 01:07:15,600
Speaker 2: is now punishing the labor MPs who went ahead and

1290
01:07:15,680 --> 01:07:19,480
Speaker 2: did that. He is going to punish four of them.

1291
01:07:19,520 --> 01:07:21,240
Speaker 2: At least there are a whole bunch more up to

1292
01:07:21,320 --> 01:07:24,000
Speaker 2: sixty of them that revolted, but he's punishing four of them.

1293
01:07:24,040 --> 01:07:26,000
Speaker 2: So end of Brady will have that before top of

1294
01:07:26,000 --> 01:07:28,920
Speaker 2: the hour. Right now, The hunter's on. For New Zealand's

1295
01:07:28,920 --> 01:07:32,920
Speaker 2: big new startup, ice House Ventures has opened a thirty

1296
01:07:32,920 --> 01:07:36,120
Speaker 2: million dollar seed round in an attempt to fund thirty

1297
01:07:36,360 --> 01:07:39,800
Speaker 2: new business ventures. Their seed funds have produced some of

1298
01:07:39,840 --> 01:07:43,960
Speaker 2: New Zealand's biggest startups like Chers's and Halter, which everybody

1299
01:07:43,960 --> 01:07:47,040
Speaker 2: knows about, which is the unicorn, which is very successful.

1300
01:07:47,400 --> 01:07:50,040
Speaker 2: So what's the next one? And already they've got half

1301
01:07:50,080 --> 01:07:52,760
Speaker 2: the cash that they've asked for. Robbie Paul is the

1302
01:07:52,880 --> 01:07:56,240
Speaker 2: ice House Ventures CEO with now Hi, Robbie ran good

1303
01:07:56,280 --> 01:07:59,840
Speaker 2: to be here. So what you've got half the fun

1304
01:08:00,520 --> 01:08:03,360
Speaker 2: subscribed already? Is that right? Correct?

1305
01:08:03,480 --> 01:08:06,440
Speaker 26: Yeah, we've bolted out the gates. More than fifteen million

1306
01:08:06,560 --> 01:08:10,000
Speaker 26: committed to towards our thirty million dollar target. And I

1307
01:08:10,000 --> 01:08:12,840
Speaker 26: mean what's really important is reaching a first close means

1308
01:08:12,920 --> 01:08:15,480
Speaker 26: we're in business and we've got cash to invest in

1309
01:08:16,200 --> 01:08:20,280
Speaker 26: sort of great companies even if we do, but we're

1310
01:08:20,280 --> 01:08:21,960
Speaker 26: obviously very confident that we will.

1311
01:08:22,320 --> 01:08:25,120
Speaker 2: The minimum is fifty k right, who is investing.

1312
01:08:25,640 --> 01:08:30,040
Speaker 26: Mostly wholesale investors from around New Zealand and several investors

1313
01:08:30,040 --> 01:08:34,439
Speaker 26: from offshore. The minimum correct is fifty thousand. Importantly, that's

1314
01:08:34,479 --> 01:08:37,919
Speaker 26: paid over a series of years, so it's not all upfront.

1315
01:08:38,520 --> 01:08:41,560
Speaker 26: We invest in companies over a few years. In the

1316
01:08:41,600 --> 01:08:43,760
Speaker 26: commitment and payment pattern sort of follows that.

1317
01:08:44,560 --> 01:08:47,640
Speaker 2: Obviously, you're looking for the next Halter. It's the Unicorn,

1318
01:08:47,720 --> 01:08:50,320
Speaker 2: it's the it's the you know, it's I guess it's

1319
01:08:50,320 --> 01:08:54,360
Speaker 2: the dream of any seed fund. What are you looking

1320
01:08:54,400 --> 01:08:57,479
Speaker 2: for particular types of businesses to invest in this time around?

1321
01:08:58,680 --> 01:09:00,880
Speaker 26: You're right, I mean Halter is a remarkable company and

1322
01:09:01,200 --> 01:09:03,080
Speaker 26: certainly if we can find one more of those with

1323
01:09:03,160 --> 01:09:08,320
Speaker 26: this fund, then everything we'll look after itself. And to

1324
01:09:08,360 --> 01:09:10,840
Speaker 26: answer your question on the areas that we're interested in,

1325
01:09:10,960 --> 01:09:14,360
Speaker 26: I mean generally software, hardware and technology that can be

1326
01:09:14,400 --> 01:09:17,200
Speaker 26: taken from New Zealand to the world, but not too

1327
01:09:17,280 --> 01:09:20,400
Speaker 26: much more specific than that, and at the earliest stages.

1328
01:09:20,439 --> 01:09:23,760
Speaker 26: And keep in mind this fund is investing in in

1329
01:09:24,479 --> 01:09:28,000
Speaker 26: startups really at their inception at that point you're indexing

1330
01:09:28,040 --> 01:09:31,519
Speaker 26: pretty heavily on the quality of the entrepreneurs, right, because

1331
01:09:33,439 --> 01:09:37,320
Speaker 26: a company is going into a market, that market probably

1332
01:09:37,360 --> 01:09:39,920
Speaker 26: shouldn't even exist at this point, right, if you're going

1333
01:09:39,920 --> 01:09:41,439
Speaker 26: to be building something really valuable.

1334
01:09:42,000 --> 01:09:45,519
Speaker 2: So are you looking when you say quality entrepreneurs, do

1335
01:09:45,560 --> 01:09:49,559
Speaker 2: you mean entrepreneurs that have already had success or do

1336
01:09:49,600 --> 01:09:53,920
Speaker 2: you mean the attitude or the idea plus the attitude?

1337
01:09:53,960 --> 01:09:54,719
Speaker 2: What's the formula?

1338
01:09:56,120 --> 01:09:59,320
Speaker 26: That's a great question. And great entrepreneurs come in all

1339
01:09:59,360 --> 01:10:02,439
Speaker 26: different shapes sizes, and we've actually had a lot of success,

1340
01:10:02,479 --> 01:10:06,559
Speaker 26: including with Halter and Jamie Beaton at Crimson investing in

1341
01:10:07,560 --> 01:10:11,519
Speaker 26: that are for the first time. So we will certainly

1342
01:10:12,080 --> 01:10:15,599
Speaker 26: to do that. In other cases, we've also been by

1343
01:10:15,680 --> 01:10:18,880
Speaker 26: investing in entrepreneurs who've been around the block, built and

1344
01:10:18,920 --> 01:10:22,120
Speaker 26: sold companies and are going it again. There's a medical

1345
01:10:22,120 --> 01:10:25,559
Speaker 26: device company called the Inside Company that's led by an

1346
01:10:25,720 --> 01:10:28,360
Speaker 26: entrepreneur named Garth Sutherland, and we had actually invested in

1347
01:10:28,400 --> 01:10:32,000
Speaker 26: his first company about fifteen years ago and now he's

1348
01:10:32,360 --> 01:10:35,559
Speaker 26: back doing it again. So I would say attitude to

1349
01:10:35,600 --> 01:10:42,280
Speaker 26: your point is key. Ambition, intellect, honesty, drive, you know,

1350
01:10:42,360 --> 01:10:46,519
Speaker 26: gravity and mag all those types of things are really important.

1351
01:10:47,120 --> 01:10:49,400
Speaker 2: Interesting. Robbie, thank you for being with me tonight. Robbie

1352
01:10:49,400 --> 01:10:52,599
Speaker 2: Paul is the ice House Bench's chief executive. That fund

1353
01:10:52,600 --> 01:10:55,200
Speaker 2: thirty million dollar fund. If you've got a good idea

1354
01:10:55,280 --> 01:10:59,120
Speaker 2: I guess, and you're motivated and you're ambitious, then get

1355
01:10:59,160 --> 01:11:02,839
Speaker 2: your ideas into ice House is eleven after six Ryan

1356
01:11:02,920 --> 01:11:05,720
Speaker 2: Bridge Mark lay them the Labor EMP. This is the

1357
01:11:05,720 --> 01:11:08,360
Speaker 2: Australian Labor MP. We were talking about former Labor leader.

1358
01:11:08,400 --> 01:11:10,280
Speaker 2: Actually we were talking about the other day with our

1359
01:11:10,320 --> 01:11:14,160
Speaker 2: Australia correspondent. More allegations about him coming out today from

1360
01:11:14,400 --> 01:11:19,320
Speaker 2: fellow labor female MP saying that in fact, if you

1361
01:11:19,360 --> 01:11:21,639
Speaker 2: went on the City Morning Herald today, which I did

1362
01:11:21,720 --> 01:11:26,200
Speaker 2: about midday, it was saying there was one story saying

1363
01:11:26,200 --> 01:11:29,040
Speaker 2: he's a cockroach in that he can't be killed and

1364
01:11:29,520 --> 01:11:32,680
Speaker 2: is crawling around on the floor of public life for

1365
01:11:32,760 --> 01:11:37,200
Speaker 2: far too long. Another saying the headline was he's a pig.

1366
01:11:37,640 --> 01:11:41,720
Speaker 2: Lay them under fire for allegedly photographing women MP's The

1367
01:11:41,800 --> 01:11:45,040
Speaker 2: latest allegation against him is that from his former female

1368
01:11:45,040 --> 01:11:51,000
Speaker 2: colleagues is that he was taking surreptitiously taking photos of

1369
01:11:51,040 --> 01:11:54,880
Speaker 2: them when they weren't awares, and subsequently these photos have

1370
01:11:54,960 --> 01:11:56,880
Speaker 2: been found and now the women are speaking out. So

1371
01:11:56,920 --> 01:11:59,919
Speaker 2: there you go, another great day for him. Just headlines.

1372
01:12:00,040 --> 01:12:02,759
Speaker 2: You wouldn't really want to be associated with cockroach and pig.

1373
01:12:03,680 --> 01:12:07,040
Speaker 2: That's Mark Latham. Ryan. This is on preparing chicken and

1374
01:12:07,040 --> 01:12:11,000
Speaker 2: this idea from Michael Baker etl. That we put labels

1375
01:12:11,000 --> 01:12:13,760
Speaker 2: on chicken so that you know you could get sick

1376
01:12:13,800 --> 01:12:16,759
Speaker 2: from eating at raw. Do we need to label stuff?

1377
01:12:17,200 --> 01:12:19,599
Speaker 2: And what about all the safety features we have on cars?

1378
01:12:19,600 --> 01:12:23,000
Speaker 2: Do all of these, you know, cotton wool safety features

1379
01:12:23,200 --> 01:12:27,840
Speaker 2: actually make us dumber? Ryan, I agree with you about

1380
01:12:27,880 --> 01:12:31,200
Speaker 2: the cars. Nobody is using their brain anymore when they're driving.

1381
01:12:31,240 --> 01:12:34,520
Speaker 2: They're just sitting there with computers, turning on lights, wipers,

1382
01:12:34,560 --> 01:12:36,920
Speaker 2: et cetera. And no wonder so many people can't drive,

1383
01:12:37,439 --> 01:12:40,240
Speaker 2: Kate says, I agree about the cars. There should only

1384
01:12:40,240 --> 01:12:44,320
Speaker 2: be manual cars. Yeah, I don't know. That's maybe a

1385
01:12:44,360 --> 01:12:48,040
Speaker 2: step too far. It's far too convenient having an automatic

1386
01:12:48,120 --> 01:12:51,559
Speaker 2: car these days, isn't it. But you should know how

1387
01:12:51,600 --> 01:12:54,720
Speaker 2: to use a manual. That should be compulsory. You've got

1388
01:12:54,720 --> 01:12:57,320
Speaker 2: to learn in the manual. Thirteen minutes after six News

1389
01:12:57,320 --> 01:12:59,160
Speaker 2: talks AB it's the.

1390
01:12:59,200 --> 01:13:03,759
Speaker 1: Heather Dupless, Alan drave Full show podcast on iHeartRadio empowered

1391
01:13:03,840 --> 01:13:08,639
Speaker 1: by News Talk ZEBBI, The Rural Report with Him MSD

1392
01:13:08,880 --> 01:13:12,120
Speaker 1: Animal Health Home of Maltine ends Ed's leading fave in

1393
01:13:12,200 --> 01:13:13,839
Speaker 1: one vaccine.

1394
01:13:13,479 --> 01:13:16,240
Speaker 2: Quarter past six. On Newstalk zb Jamie McKay with Me

1395
01:13:16,320 --> 01:13:20,160
Speaker 2: tonight hosted The Country. Hi Jamie, Good evening, Ryan. Great

1396
01:13:20,160 --> 01:13:22,120
Speaker 2: to have you here as always. Now, Jim Ward, the

1397
01:13:22,320 --> 01:13:25,519
Speaker 2: manager of Molesworth Station, the biggest farm in the country,

1398
01:13:25,520 --> 01:13:29,160
Speaker 2: has resigned from his post. This after twenty four years

1399
01:13:29,200 --> 01:13:32,320
Speaker 2: of service to the operation. What's going on here.

1400
01:13:32,760 --> 01:13:34,519
Speaker 27: Well, I don't know. I've got a call into him.

1401
01:13:34,520 --> 01:13:38,599
Speaker 27: I'm very disappointed about this from a purely selfish point

1402
01:13:38,600 --> 01:13:42,120
Speaker 27: of view, Ryan, Jim and I went to secondary school together,

1403
01:13:42,160 --> 01:13:44,000
Speaker 27: played a lot of footy together, and I caught up

1404
01:13:44,000 --> 01:13:47,760
Speaker 27: with him, renewed our acquaintance at the Primary Industry Awards

1405
01:13:47,840 --> 01:13:51,200
Speaker 27: just last month and he said, I'll take you for

1406
01:13:51,280 --> 01:13:55,080
Speaker 27: a tour through Molesworth Station this summer. That's not going

1407
01:13:55,160 --> 01:13:58,880
Speaker 27: to happen because he's left or resigned with immediate effect.

1408
01:13:59,000 --> 01:14:03,040
Speaker 27: He's alleged to have because of growing frustration with the

1409
01:14:03,080 --> 01:14:06,080
Speaker 27: wilding pines on the station and the uncertainty about the

1410
01:14:06,120 --> 01:14:11,960
Speaker 27: station's future. The wilding pines are estimated to will cover

1411
01:14:12,080 --> 01:14:15,920
Speaker 27: sixty percent of the station in the next twenty years

1412
01:14:15,960 --> 01:14:19,280
Speaker 27: unless something's done to halt their progress or lack of

1413
01:14:19,360 --> 01:14:22,240
Speaker 27: progress in their case. So, you know, as you pointed out, Ryan,

1414
01:14:22,320 --> 01:14:25,080
Speaker 27: it is the country's biggest farm. One hundred and eighty

1415
01:14:25,240 --> 01:14:28,320
Speaker 27: thousand hectares. What's that just off the top of my head,

1416
01:14:28,360 --> 01:14:31,599
Speaker 27: about four hundred and fifty thousand acres or something like that.

1417
01:14:31,720 --> 01:14:34,760
Speaker 27: One of one hundred and twelve farms that PAMU own

1418
01:14:34,960 --> 01:14:38,280
Speaker 27: or manage. This one's owned by the Crown, lest by Palmu,

1419
01:14:38,520 --> 01:14:41,320
Speaker 27: managed by Doc. There is a lot of criticism that

1420
01:14:41,320 --> 01:14:43,200
Speaker 27: they're not doing a very good job. It is a

1421
01:14:43,240 --> 01:14:46,919
Speaker 27: magnificent property. It's a real jewel also in the tourism.

1422
01:14:47,040 --> 01:14:51,320
Speaker 27: Crown running six thousand Angus and Angus hereford cross cattle.

1423
01:14:51,560 --> 01:14:53,200
Speaker 27: And I think we're going to talk about the price

1424
01:14:53,240 --> 01:14:57,360
Speaker 27: of meat very shortly. Literally, those Angus cattle are black gold.

1425
01:14:57,560 --> 01:15:01,560
Speaker 2: Yeah. Well, Dan Bolton certainly thinks so. Farm chief executive

1426
01:15:01,600 --> 01:15:04,559
Speaker 2: talking about demand and the fact that it's getting out

1427
01:15:04,560 --> 01:15:07,040
Speaker 2: ahead of supply and we'll stay it.

1428
01:15:07,720 --> 01:15:09,960
Speaker 27: And it's a bit like the dairy prices at the moment.

1429
01:15:10,000 --> 01:15:13,519
Speaker 27: It's little consolation to people heading to the supermarket. But

1430
01:15:13,640 --> 01:15:16,679
Speaker 27: the dairy prices and the meat prices are really good,

1431
01:15:16,680 --> 01:15:20,720
Speaker 27: at record highs in many cases. So not good if

1432
01:15:20,720 --> 01:15:24,040
Speaker 27: you're a shopper and you've got four point six percent

1433
01:15:24,280 --> 01:15:26,640
Speaker 27: less for your dollar than you've got this time a

1434
01:15:26,720 --> 01:15:31,479
Speaker 27: year ago. But meat, fish and poultry drove up those

1435
01:15:31,560 --> 01:15:34,719
Speaker 27: food prices by six point four percent. Your stake's gone

1436
01:15:34,760 --> 01:15:39,040
Speaker 27: up by twenty two percent, your mints by fifteen percent.

1437
01:15:39,400 --> 01:15:42,200
Speaker 27: God knows what your butter and cheese have done. But

1438
01:15:42,360 --> 01:15:45,080
Speaker 27: silver Fern farms yet Dan Bolton, they recently had their

1439
01:15:45,120 --> 01:15:48,040
Speaker 27: farmer conference, I think it was in Hamilton, and he's

1440
01:15:48,120 --> 01:15:52,840
Speaker 27: just saying, look, demand is exceeding supply, and that's right

1441
01:15:52,880 --> 01:15:53,519
Speaker 27: across the world.

1442
01:15:53,600 --> 01:15:54,439
Speaker 28: That the US is.

1443
01:15:54,439 --> 01:15:56,720
Speaker 27: Still in a drought situation. It's going to take them

1444
01:15:56,760 --> 01:16:01,040
Speaker 27: several years to rebuild their herd. Very faiable for the farmers,

1445
01:16:01,600 --> 01:16:04,920
Speaker 27: those farmers that are left with land use change. Just

1446
01:16:04,960 --> 01:16:07,080
Speaker 27: to give you an idea of the numbers, Ryan, in

1447
01:16:07,240 --> 01:16:11,559
Speaker 27: May alone, red meat ex boughts were worth one point

1448
01:16:11,600 --> 01:16:16,719
Speaker 27: one five billion, up six percent. The US, our biggest market.

1449
01:16:16,760 --> 01:16:20,160
Speaker 27: Despite the ten percent tariff, they're chewing through three hundred

1450
01:16:20,160 --> 01:16:23,040
Speaker 27: and twenty seven million dollars worth of meat, nearly all

1451
01:16:23,080 --> 01:16:26,320
Speaker 27: grinding beef in one month. Britain's up forty four percent

1452
01:16:26,600 --> 01:16:29,400
Speaker 27: to ninety million off the back of the free trade agreement.

1453
01:16:29,760 --> 01:16:32,160
Speaker 27: The problem is we're running out of land to raise

1454
01:16:32,200 --> 01:16:35,560
Speaker 27: these cattle and lambs land use change, carbon farming. The

1455
01:16:35,640 --> 01:16:38,280
Speaker 27: lamb kills ten percent behind where it was this time

1456
01:16:38,320 --> 01:16:41,880
Speaker 27: a year ago. Beef kills down six percent to just

1457
01:16:42,080 --> 01:16:45,160
Speaker 27: over two million. Those prices though, have gone up. It's

1458
01:16:45,200 --> 01:16:48,320
Speaker 27: eye watering for lamb. Now you're getting nine dollars sixty

1459
01:16:48,360 --> 01:16:51,720
Speaker 27: this time a year ago six dollars fifty. That's what

1460
01:16:51,880 --> 01:16:55,920
Speaker 27: the farmers are getting paid. Prime beef is about eight

1461
01:16:56,040 --> 01:16:58,200
Speaker 27: to eight dollars fifty. So when you go and look

1462
01:16:58,200 --> 01:17:00,559
Speaker 27: at your piece of steak and the super market and

1463
01:17:00,560 --> 01:17:02,599
Speaker 27: you know the farmer is getting eight bucks a quilo,

1464
01:17:03,040 --> 01:17:06,519
Speaker 27: it's not all their fault. Ask us the supermarkets, why

1465
01:17:06,560 --> 01:17:08,679
Speaker 27: you're paying forty five bucks aquilo.

1466
01:17:09,400 --> 01:17:11,479
Speaker 2: Yeah, And that's the problem. People are just looking at

1467
01:17:11,479 --> 01:17:15,799
Speaker 2: the stacks. Some can't afford to actually go and buy them. Hey, Jamie,

1468
01:17:15,800 --> 01:17:17,639
Speaker 2: great to have you on the program. As always, Jamie

1469
01:17:17,680 --> 01:17:20,120
Speaker 2: McKay hosted of the Country with our Rural Report. Just

1470
01:17:20,120 --> 01:17:24,360
Speaker 2: gone twenty after six Ryan Bridge, Ryan Tesla started this nonsense.

1471
01:17:24,400 --> 01:17:27,680
Speaker 2: This is about the cars. I quite like this, Yeah,

1472
01:17:27,760 --> 01:17:31,480
Speaker 2: Ryan Tesla started this nonsense with the dangerous large screens

1473
01:17:31,520 --> 01:17:34,280
Speaker 2: and the cars. The screens are a huge distraction for

1474
01:17:34,280 --> 01:17:37,240
Speaker 2: people and should be banned, sins Stephen. But they don't

1475
01:17:37,680 --> 01:17:40,559
Speaker 2: if you're driving along, they don't. You know, they've got

1476
01:17:40,720 --> 01:17:44,439
Speaker 2: large controls on them, so it's not like you're, you know,

1477
01:17:44,520 --> 01:17:47,040
Speaker 2: squinting at a tiny little screen and they're not playing

1478
01:17:47,200 --> 01:17:51,840
Speaker 2: television or a movie. Mine's actually broken at the moment,

1479
01:17:51,880 --> 01:17:55,160
Speaker 2: so it's been broken for like six months or longer,

1480
01:17:55,520 --> 01:17:57,719
Speaker 2: so I've kind of forgot it's there. But I don't

1481
01:17:57,880 --> 01:18:00,719
Speaker 2: feel like I got not that it's not a big one,

1482
01:18:00,920 --> 01:18:03,240
Speaker 2: But I don't feel like they're a major distraction. I

1483
01:18:03,240 --> 01:18:05,840
Speaker 2: think there's probably other things in the in the car

1484
01:18:06,040 --> 01:18:08,719
Speaker 2: or on the road that are or in your hand,

1485
01:18:08,960 --> 01:18:11,879
Speaker 2: maybe your mobile phone that's more distracting than the s screens.

1486
01:18:12,400 --> 01:18:14,599
Speaker 2: Twenty one after six news talks, he'd be nine two

1487
01:18:14,720 --> 01:18:16,760
Speaker 2: nine two. The numbers of text. We'll get to our

1488
01:18:17,920 --> 01:18:21,719
Speaker 2: update on showbiz next and Sam Dickey on the banks

1489
01:18:21,760 --> 01:18:24,599
Speaker 2: over in the US, how they're reporting back this season.

1490
01:18:24,640 --> 01:18:26,240
Speaker 2: That's all ahead croaching.

1491
01:18:25,880 --> 01:18:27,759
Speaker 5: The numbers and getting the results.

1492
01:18:28,040 --> 01:18:32,160
Speaker 1: It's Ryan Bridge with the Business Hour and mass insurance

1493
01:18:32,200 --> 01:18:33,080
Speaker 1: and investments.

1494
01:18:33,360 --> 01:18:36,720
Speaker 5: Grew your wealth, Protect your future The News Dogs dB.

1495
01:18:37,560 --> 01:18:40,480
Speaker 2: Twenty four minutes after six. Across the Tasman. In Australia,

1496
01:18:40,520 --> 01:18:43,559
Speaker 2: where they've been begging for a rate cup from the RBA,

1497
01:18:43,760 --> 01:18:46,000
Speaker 2: they might just get their wish. The next meeting is

1498
01:18:46,080 --> 01:18:49,080
Speaker 2: mid August, similar to ours. The unemployment rate there today

1499
01:18:49,120 --> 01:18:52,559
Speaker 2: has jumped to four point three percent. This is June

1500
01:18:52,600 --> 01:18:55,840
Speaker 2: twenty twenty five data. The market had picked four point

1501
01:18:56,000 --> 01:18:59,679
Speaker 2: one percent, so it's higher than expected. It's also breaking

1502
01:18:59,680 --> 01:19:02,639
Speaker 2: out of it's recent range. This is the highest level

1503
01:19:02,720 --> 01:19:06,200
Speaker 2: now nearly four years, so you might see some movement

1504
01:19:06,240 --> 01:19:09,040
Speaker 2: on that. Paul Bloxham, who's made of this show from HSBC,

1505
01:19:09,200 --> 01:19:12,599
Speaker 2: says this does strengthen the case to cut the OCO

1506
01:19:12,600 --> 01:19:15,000
Speaker 2: and Australia by twenty five basis points in quarter three,

1507
01:19:15,120 --> 01:19:18,800
Speaker 2: with further twenty five point basis cut in quarter four

1508
01:19:19,360 --> 01:19:23,120
Speaker 2: and another in quarter one of twenty six, taking their

1509
01:19:23,160 --> 01:19:26,760
Speaker 2: cash rank to three point one percent across the Tasman. Well,

1510
01:19:26,760 --> 01:19:28,960
Speaker 2: that would be what they want, right. Let's get to

1511
01:19:29,000 --> 01:19:37,200
Speaker 2: some show biz news and to the main stage of

1512
01:19:37,280 --> 01:19:40,639
Speaker 2: the world's largest EDM festival Idiom by the Ways electronic

1513
01:19:40,760 --> 01:19:45,200
Speaker 2: dance music for those who are unfamiliar, has caught on fire.

1514
01:19:45,479 --> 01:19:48,400
Speaker 2: This is just a day before the gates open to guests,

1515
01:19:48,439 --> 01:19:52,120
Speaker 2: and there are loads of guests. Four hundred thousand people

1516
01:19:52,280 --> 01:19:55,479
Speaker 2: attend this festival. It's in Belgium. It's called the tomorrow

1517
01:19:55,520 --> 01:20:00,320
Speaker 2: Land Festival. Very popular, loads of artists, loads of fun.

1518
01:20:00,720 --> 01:20:07,240
Speaker 2: Headliners this year include David Guetta, Swedish Gheta, Swedish house Mafia.

1519
01:20:08,000 --> 01:20:10,760
Speaker 2: I know his music, just never had to say his name,

1520
01:20:11,720 --> 01:20:15,320
Speaker 2: Swedish house Mafia. The event organizers saying, don't worry, it's

1521
01:20:15,439 --> 01:20:18,559
Speaker 2: just the main stage that's been damaged. So the show

1522
01:20:18,600 --> 01:20:20,479
Speaker 2: is still going to go on, and everyone's still going

1523
01:20:20,479 --> 01:20:22,040
Speaker 2: because their flights have already been booked.

1524
01:20:22,680 --> 01:20:25,839
Speaker 10: All in all, I might be like three thousand dollars,

1525
01:20:25,920 --> 01:20:27,040
Speaker 10: but I think it's worth it.

1526
01:20:27,200 --> 01:20:29,679
Speaker 2: This is something I was really looking forward to all year.

1527
01:20:31,280 --> 01:20:33,400
Speaker 2: You go, everyone's still It's a lot of people, isn't

1528
01:20:33,439 --> 01:20:34,800
Speaker 2: it to be in one place at one time with

1529
01:20:34,880 --> 01:20:37,599
Speaker 2: a burnt stage. I wonder how many toilets they've got

1530
01:20:37,640 --> 01:20:39,240
Speaker 2: and whether any of them caught fired. That would be

1531
01:20:39,280 --> 01:20:42,639
Speaker 2: my biggest concern. Anyway, fire started during a test run

1532
01:20:42,680 --> 01:20:45,559
Speaker 2: apparently of the fireworks show that closes out each night

1533
01:20:45,600 --> 01:20:48,839
Speaker 2: at the festival. Luckily no one was injured. No reports

1534
01:20:48,840 --> 01:20:51,880
Speaker 2: of injuries at this point anyway. So there you go tomorrow.

1535
01:20:51,920 --> 01:20:55,200
Speaker 2: Lands still happening this weekend. Twenty six after six now

1536
01:20:55,280 --> 01:20:57,519
Speaker 2: here on news Talk, said be Sam Dickey, where our

1537
01:20:57,560 --> 01:21:00,840
Speaker 2: market update after news and we'll leave you with some

1538
01:21:01,040 --> 01:21:04,040
Speaker 2: Is this David.

1539
01:21:02,680 --> 01:21:04,040
Speaker 10: No, sorry we had to forget her at the start

1540
01:21:04,080 --> 01:21:07,080
Speaker 10: of it. This is Medusa who are playing. They've come

1541
01:21:07,120 --> 01:21:08,640
Speaker 10: to New Zealand a few times as well, but but

1542
01:21:08,680 --> 01:21:11,160
Speaker 10: they are playing at the festival. Hosy on the vocals.

1543
01:21:11,479 --> 01:21:15,920
Speaker 2: There you go, geta guilleta who cares enjoy the music.

1544
01:21:23,280 --> 01:21:44,559
Speaker 2: Tell it to mom, give me.

1545
01:21:53,800 --> 01:21:54,160
Speaker 23: Tell it.

1546
01:21:56,520 --> 01:21:59,920
Speaker 1: Whether it's Macro microbe or just playing economics.

1547
01:22:00,200 --> 01:22:02,040
Speaker 5: It's all on the Business Hour.

1548
01:22:02,120 --> 01:22:06,920
Speaker 1: With Ryan Bridge and Las Insurance and Investments, Grow your wealth,

1549
01:22:07,080 --> 01:22:08,960
Speaker 1: Protect your future, Use talk set be.

1550
01:22:20,880 --> 01:22:22,960
Speaker 2: It is twenty five away from seven on your talk,

1551
01:22:23,000 --> 01:22:26,040
Speaker 2: said b. I'll run through some of the numbers we

1552
01:22:26,120 --> 01:22:29,160
Speaker 2: had today from Stats and Z. This is the food

1553
01:22:29,200 --> 01:22:33,439
Speaker 2: price inflation. Fruit and vegies were up seven point six percent.

1554
01:22:34,000 --> 01:22:36,280
Speaker 2: You would have noticed that that's this is the annual change.

1555
01:22:36,280 --> 01:22:38,639
Speaker 2: I'm talking about seven point six percent of fruit and veggies,

1556
01:22:39,040 --> 01:22:43,080
Speaker 2: you meat, poultry, fish, six point four percent, your non

1557
01:22:43,120 --> 01:22:47,200
Speaker 2: alcoholic beverages four and a half percent, your alcoholic beverages

1558
01:22:47,800 --> 01:22:51,439
Speaker 2: just one point two percent, which is so your Coca

1559
01:22:51,479 --> 01:22:54,480
Speaker 2: cola is getting more expensive than your beer, your cigarettes

1560
01:22:54,479 --> 01:22:58,519
Speaker 2: in your tobacco four point eight percent increase. Won't be

1561
01:22:58,560 --> 01:23:01,559
Speaker 2: happy with that. Your rest meals and ready to eat

1562
01:23:01,640 --> 01:23:06,040
Speaker 2: food increase just two point two percent. So the inflation

1563
01:23:06,240 --> 01:23:11,519
Speaker 2: rate on your fresh produce and your groceries is more

1564
01:23:11,600 --> 01:23:14,040
Speaker 2: than double what it is on your restaurant meals and

1565
01:23:14,080 --> 01:23:17,360
Speaker 2: ready to eat food. It's twenty four away from seven

1566
01:23:17,400 --> 01:23:20,719
Speaker 2: now Bridge Wall Streets. Heavyweight banks have kicked off earning

1567
01:23:20,760 --> 01:23:23,640
Speaker 2: season there and the message is pretty clear US consumer

1568
01:23:23,840 --> 01:23:27,240
Speaker 2: is bending, but certainly not at this point breaking. Sam

1569
01:23:27,280 --> 01:23:30,360
Speaker 2: Dickey from Fisher Funds is with me. Now, Hey, Sam,

1570
01:23:30,520 --> 01:23:34,240
Speaker 2: good evening, right, So where are we at this reporting season?

1571
01:23:34,439 --> 01:23:37,080
Speaker 2: Who's reported so far? How the result's been looking.

1572
01:23:38,280 --> 01:23:40,280
Speaker 29: Yes, we're less than ten percent of the way through.

1573
01:23:40,680 --> 01:23:44,240
Speaker 29: But the big US banks always kick things off, and

1574
01:23:44,280 --> 01:23:47,680
Speaker 29: they've got a pretty good bird's eye view of the

1575
01:23:47,840 --> 01:23:52,560
Speaker 29: US and the global economy, and they mostly beat expectations,

1576
01:23:52,560 --> 01:23:56,479
Speaker 29: which is quite interesting given how bearish sentiment was sort

1577
01:23:56,479 --> 01:23:58,960
Speaker 29: of two months ago. So JP Morgan and City Bank,

1578
01:23:59,080 --> 01:24:04,240
Speaker 29: especially two giant banks, beaty expectations and that's probably no

1579
01:24:04,400 --> 01:24:07,200
Speaker 29: surprise now given stock markets thro at all time highs

1580
01:24:07,200 --> 01:24:10,639
Speaker 29: and bond markets have been volatile, so their trading flows

1581
01:24:10,680 --> 01:24:13,640
Speaker 29: have been humming and minting cash.

1582
01:24:15,040 --> 01:24:19,000
Speaker 2: And how households spending habits going at the moment starting

1583
01:24:19,000 --> 01:24:19,559
Speaker 2: to crack.

1584
01:24:19,400 --> 01:24:22,160
Speaker 29: You, yes, that they do have a great view of that,

1585
01:24:22,200 --> 01:24:25,679
Speaker 29: and the answer is not yet. So JP Morgan's Jamie

1586
01:24:25,760 --> 01:24:30,760
Speaker 29: Diamond said the consumer is resilient still, and City Group

1587
01:24:30,880 --> 01:24:33,640
Speaker 29: CEO said the consumer is holding up nicely. Bank of

1588
01:24:33,680 --> 01:24:38,640
Speaker 29: America said solid consumer spending data and no signs of

1589
01:24:38,680 --> 01:24:39,320
Speaker 29: a recession.

1590
01:24:39,840 --> 01:24:41,960
Speaker 2: All right, So what rests of the bank's really worried

1591
01:24:41,960 --> 01:24:42,400
Speaker 2: about here?

1592
01:24:42,439 --> 01:24:46,960
Speaker 30: Sam, Yeah, So that's a really good question, because everything

1593
01:24:46,960 --> 01:24:49,360
Speaker 30: we've talked about so far was backwards looking for the

1594
01:24:49,400 --> 01:24:53,000
Speaker 30: first half, and most sounded notes of caution for the

1595
01:24:53,040 --> 01:24:53,639
Speaker 30: second half.

1596
01:24:53,680 --> 01:24:58,639
Speaker 29: So Wells Fargo said they expect pressure on borrowing demand

1597
01:24:58,760 --> 01:25:01,360
Speaker 29: for the rest of twenty twenty five because interest rates

1598
01:25:01,400 --> 01:25:06,680
Speaker 29: remain high. Jamie Diamond lamented how expensive equity markets looked.

1599
01:25:06,520 --> 01:25:08,240
Speaker 2: And asset prices look pretty high.

1600
01:25:08,280 --> 01:25:10,040
Speaker 29: And as a group, they all talked about the risks

1601
01:25:10,080 --> 01:25:15,120
Speaker 29: of geopolitics, US government debt levels and generally higher interest

1602
01:25:15,160 --> 01:25:19,400
Speaker 29: rates pressuring the ability of the US government to pay

1603
01:25:19,400 --> 01:25:23,200
Speaker 29: the interest on that debt. And of course the uncertainty

1604
01:25:23,240 --> 01:25:25,400
Speaker 29: of tariffs and whether they were kick in in August

1605
01:25:25,640 --> 01:25:27,320
Speaker 29: was talked about a lot by the big banks.

1606
01:25:27,439 --> 01:25:29,040
Speaker 2: Yeah, still a lot of the setting around that. What

1607
01:25:29,080 --> 01:25:30,440
Speaker 2: does all this mean for investors?

1608
01:25:30,439 --> 01:25:34,479
Speaker 29: Sam, The US economy remains exceptionally robust, and we've seen

1609
01:25:34,479 --> 01:25:37,120
Speaker 29: this many times since COVID when people expected a recession

1610
01:25:37,160 --> 01:25:40,479
Speaker 29: as at April for example, this year post Liberation Day,

1611
01:25:40,520 --> 01:25:45,080
Speaker 29: and it just remains very, very robust. But stop market

1612
01:25:45,200 --> 01:25:47,760
Speaker 29: sentiment is red hot. It's been an incredible run in

1613
01:25:47,840 --> 01:25:51,320
Speaker 29: equity market since April the eighth. And the only other

1614
01:25:51,360 --> 01:25:53,840
Speaker 29: thing I would say is it's all about AI at

1615
01:25:53,840 --> 01:25:57,040
Speaker 29: the moment, and any company with AI and the name

1616
01:25:57,160 --> 01:25:58,680
Speaker 29: is going up. And it does seem like the US

1617
01:25:58,760 --> 01:26:00,360
Speaker 29: economy is a little bit of a side show at

1618
01:26:00,360 --> 01:26:03,400
Speaker 29: the moment until it's not. So I would just send

1619
01:26:03,479 --> 01:26:06,559
Speaker 29: a note caution there. Given the exceptional run that equity

1620
01:26:06,600 --> 01:26:07,600
Speaker 29: markets have had.

1621
01:26:07,880 --> 01:26:10,000
Speaker 2: And it has been exceptional, Sam. Thank you for that, Sam.

1622
01:26:10,040 --> 01:26:13,000
Speaker 2: Dicky Fisher funds tonight. It is twenty one minutes away

1623
01:26:13,000 --> 01:26:16,920
Speaker 2: from seven. Bryan Mince will soon be on the menu

1624
01:26:16,960 --> 01:26:21,880
Speaker 2: at restaurants. Hello, yeah, I probably would you bother go

1625
01:26:21,880 --> 01:26:23,439
Speaker 2: into a restaurant if you're just going to get minced.

1626
01:26:23,439 --> 01:26:24,880
Speaker 2: You could have that at home and it would be

1627
01:26:24,920 --> 01:26:26,680
Speaker 2: cheaper at home too. It is cheaper at home at

1628
01:26:26,720 --> 01:26:29,519
Speaker 2: the moment. Even though it's getting more expensive to eat

1629
01:26:29,520 --> 01:26:31,880
Speaker 2: at home compared to restaurants, it would still be cheaper

1630
01:26:31,920 --> 01:26:38,320
Speaker 2: at home. Nikola Willis has today announced a date on

1631
01:26:38,360 --> 01:26:41,080
Speaker 2: which she will on which she will meet Miles Hurral,

1632
01:26:41,160 --> 01:26:45,200
Speaker 2: the fon Terror Boss. Because obviously there's bad headlines today.

1633
01:26:45,360 --> 01:26:48,800
Speaker 2: It's four point six percent food inflation. That doesn't sound

1634
01:26:48,840 --> 01:26:51,839
Speaker 2: good when you've come in on the cost of living ticket.

1635
01:26:52,800 --> 01:26:55,240
Speaker 2: So what does she do? She gives us a few crumbs.

1636
01:26:55,800 --> 01:26:58,280
Speaker 2: I'll meet with Myles Hurel next week. I mean, whippy

1637
01:26:58,320 --> 01:26:59,479
Speaker 2: do what's that going to solve?

1638
01:26:59,720 --> 01:26:59,840
Speaker 9: No?

1639
01:27:00,160 --> 01:27:03,559
Speaker 2: Nothing, nothing, No one really thinks that. However, I was

1640
01:27:03,600 --> 01:27:07,519
Speaker 2: just talking to Laura about this off air. That doesn't

1641
01:27:07,560 --> 01:27:11,599
Speaker 2: mean that labour's any better. No one thinks surely, no

1642
01:27:11,640 --> 01:27:13,920
Speaker 2: one thinks that Labour would be any better at fixing this,

1643
01:27:14,160 --> 01:27:16,040
Speaker 2: given that they got us into the mess in the

1644
01:27:16,080 --> 01:27:19,280
Speaker 2: first place. So you're basically just stuck in this no

1645
01:27:19,479 --> 01:27:22,760
Speaker 2: man's land. Of the current lot aren't quite doing it

1646
01:27:22,800 --> 01:27:26,280
Speaker 2: for you. On cost of living, the last lot completely

1647
01:27:26,280 --> 01:27:28,720
Speaker 2: cocked it up and got us into the ditch that

1648
01:27:28,760 --> 01:27:31,760
Speaker 2: we're currently lying in. So what are you to do?

1649
01:27:32,000 --> 01:27:36,080
Speaker 2: Just sit here and starve? Basically, aren't you? It is

1650
01:27:36,120 --> 01:27:37,759
Speaker 2: twenty to seven News Talk, said.

1651
01:27:37,560 --> 01:27:42,439
Speaker 9: B everything from SMEs to the big corporates, The Business Hour.

1652
01:27:42,479 --> 01:27:47,240
Speaker 1: With Ryan Bridge and plans, insurance and investments, Grew your wealth,

1653
01:27:47,360 --> 01:27:49,439
Speaker 1: Protect your future Newstalks ENV.

1654
01:27:50,640 --> 01:27:53,160
Speaker 2: Seventeen away from seven. On the cost of living, John says,

1655
01:27:53,439 --> 01:27:56,559
Speaker 2: come on, Ryan Labor had six years to destroy the country.

1656
01:27:56,840 --> 01:27:58,880
Speaker 2: Give this lot a break. They're only halfway through their

1657
01:27:58,880 --> 01:28:01,120
Speaker 2: first team. That is true. That is true. I do

1658
01:28:01,200 --> 01:28:03,559
Speaker 2: agree with that. Actually, I was looking at their pledged

1659
01:28:03,600 --> 01:28:06,920
Speaker 2: card this week, National's twenty twenty three pledge card, and

1660
01:28:07,320 --> 01:28:10,559
Speaker 2: I mean a lot of it is purposely vague. You know,

1661
01:28:10,640 --> 01:28:13,880
Speaker 2: we will restore law and order. What does that actually mean?

1662
01:28:14,479 --> 01:28:16,719
Speaker 2: But if you go through the list, there was six

1663
01:28:17,240 --> 01:28:19,519
Speaker 2: main pledges that they made at the last election, and

1664
01:28:19,560 --> 01:28:21,720
Speaker 2: I was just in my head going, can you give

1665
01:28:21,760 --> 01:28:24,200
Speaker 2: them a TECH or at least a partial tech halfway

1666
01:28:24,200 --> 01:28:25,920
Speaker 2: through the first term for that, and I think on

1667
01:28:26,040 --> 01:28:28,559
Speaker 2: most of the counts it would be reasonable to give

1668
01:28:28,560 --> 01:28:31,080
Speaker 2: them a TECH or at least a partial TECH. It's

1669
01:28:31,080 --> 01:28:34,559
Speaker 2: certainly things starting to track in the right direction. Sixteen

1670
01:28:34,800 --> 01:28:38,080
Speaker 2: away from seven now over in New York, they've had

1671
01:28:38,120 --> 01:28:41,719
Speaker 2: an auction of some stuff that's fallen out of the sky,

1672
01:28:42,560 --> 01:28:47,320
Speaker 2: space objects. They've had an auction of dinosaur skeletons, and

1673
01:28:47,360 --> 01:28:49,599
Speaker 2: it's just amazing how much the stuff is worth. So

1674
01:28:49,760 --> 01:28:53,200
Speaker 2: a meteorite found in the Sahara Desert in twenty twenty

1675
01:28:53,240 --> 01:28:57,599
Speaker 2: three is the largest piece of mars ever found on Earth,

1676
01:28:58,240 --> 01:29:01,600
Speaker 2: fell down and just sold for eight million New Zealand dollars.

1677
01:29:01,880 --> 01:29:06,280
Speaker 2: There was a juvenile dinosaur skeleton sold for more than

1678
01:29:06,600 --> 01:29:09,920
Speaker 2: thirty million dollars in credible I mentioned finding one of those.

1679
01:29:09,920 --> 01:29:12,559
Speaker 2: I mean presumably the well, I don't know who owns

1680
01:29:12,560 --> 01:29:16,080
Speaker 2: them actually, but somebody has just paid a lot of

1681
01:29:16,120 --> 01:29:19,800
Speaker 2: money for them. At sixteen to seven. Bryan Bridge Indy

1682
01:29:19,840 --> 01:29:22,759
Speaker 2: Brady is a UK europe correspondent with US Hey Indo.

1683
01:29:23,560 --> 01:29:26,320
Speaker 31: Hey Ryan Great speaking and to U two the UK

1684
01:29:26,400 --> 01:29:30,800
Speaker 31: and Germany are going to sign a defense treaty today. Yes,

1685
01:29:30,920 --> 01:29:34,679
Speaker 31: this has taken eighteen rounds of negotiation, and what we're

1686
01:29:34,680 --> 01:29:38,280
Speaker 31: seeing is Keir Starmer moving the UK far more closely

1687
01:29:38,320 --> 01:29:41,360
Speaker 31: to Europe yet again. So last week President Macron of

1688
01:29:41,400 --> 01:29:44,360
Speaker 31: France was here on a state visit. Today he will

1689
01:29:44,360 --> 01:29:48,040
Speaker 31: be doing business with Friedrich Mertz, the new Chancellor of Germany.

1690
01:29:48,320 --> 01:29:51,360
Speaker 31: And it's pretty much a defense treaty. There's lots of

1691
01:29:51,400 --> 01:29:54,519
Speaker 31: other security and trade stuff in there as well, but

1692
01:29:54,600 --> 01:29:57,160
Speaker 31: there's a key line in it that an attack on

1693
01:29:57,160 --> 01:30:00,720
Speaker 31: one will be defended by the other. Struggling to see

1694
01:30:00,720 --> 01:30:03,679
Speaker 31: how this differs from the protections offered to both Germany

1695
01:30:03,800 --> 01:30:07,800
Speaker 31: and the UK under NATO membership, but it's really a

1696
01:30:07,840 --> 01:30:11,360
Speaker 31: message for Russia's ears that if you even think about

1697
01:30:11,360 --> 01:30:15,559
Speaker 31: coming close or threatening either of these countries, both of

1698
01:30:15,600 --> 01:30:17,000
Speaker 31: them will respond.

1699
01:30:17,200 --> 01:30:18,760
Speaker 28: So let's see how that plays out.

1700
01:30:19,000 --> 01:30:23,559
Speaker 2: Yeah, interesting in Kostama's suspending four of his own in peace.

1701
01:30:25,000 --> 01:30:27,040
Speaker 28: He's had enough of these four So three of them

1702
01:30:27,080 --> 01:30:29,759
Speaker 28: only came in as new members of Parliament last July,

1703
01:30:29,920 --> 01:30:32,720
Speaker 28: so they've been in the job barely a year and

1704
01:30:32,760 --> 01:30:37,400
Speaker 28: he's suspending them. They've all led various different rebellions against

1705
01:30:37,479 --> 01:30:40,479
Speaker 28: legislation he has tried to bring in now, in particular

1706
01:30:40,600 --> 01:30:43,920
Speaker 28: the recent welfare reforms. They were very prominent and I

1707
01:30:43,960 --> 01:30:47,280
Speaker 28: think they made it difficult for other labor MPs to

1708
01:30:47,320 --> 01:30:50,559
Speaker 28: defend the government position when you've got these four popping

1709
01:30:50,640 --> 01:30:54,640
Speaker 28: up on the airwaves, spouting off and giving their tubbensworth.

1710
01:30:55,040 --> 01:30:57,639
Speaker 28: So the end result is he's had enough of them.

1711
01:30:57,720 --> 01:30:57,880
Speaker 2: Now.

1712
01:30:57,920 --> 01:31:02,000
Speaker 28: Look, Jeremy Corbin, the former Labor is rumored to be

1713
01:31:02,040 --> 01:31:06,320
Speaker 28: starting his own left left wing party, so they may

1714
01:31:06,360 --> 01:31:09,240
Speaker 28: well quit and go there. There is some speculation, but

1715
01:31:09,400 --> 01:31:11,599
Speaker 28: it's clear. I think this is a message. As MP's

1716
01:31:11,640 --> 01:31:13,759
Speaker 28: are just about to break up for their long summer

1717
01:31:13,840 --> 01:31:17,280
Speaker 28: holidays until the end of September. This is Starmer sending

1718
01:31:17,280 --> 01:31:19,160
Speaker 28: them home, just with a warning that you know, if

1719
01:31:19,160 --> 01:31:22,519
Speaker 28: you even think about causing me problems next time in parliament,

1720
01:31:22,840 --> 01:31:23,920
Speaker 28: this is what will happen to you.

1721
01:31:25,400 --> 01:31:28,479
Speaker 2: And what about the jetpot? This is the Loto jetpot

1722
01:31:28,600 --> 01:31:32,320
Speaker 2: four hundred million dollar or euro I should say, is it?

1723
01:31:32,920 --> 01:31:36,200
Speaker 2: And and Irish family has come forward to climate Yeah.

1724
01:31:36,000 --> 01:31:40,240
Speaker 28: It's four hundred million en z and they've come forward anonymously.

1725
01:31:40,560 --> 01:31:44,240
Speaker 28: So the euromillions is played everywhere France Germany, Italy, Greece,

1726
01:31:44,320 --> 01:31:48,760
Speaker 28: you name it, Belgium, UK, Ireland. But crucially it's not

1727
01:31:48,960 --> 01:31:52,840
Speaker 28: six numbers to match, you need to match seven. Can

1728
01:31:52,880 --> 01:31:54,880
Speaker 28: you imagine the odds on that. Someone said to me

1729
01:31:54,920 --> 01:31:57,800
Speaker 28: once a statistician that it was like stopping someone in

1730
01:31:57,800 --> 01:32:01,160
Speaker 28: the street and telling them their mobile phone number, that

1731
01:32:01,200 --> 01:32:04,200
Speaker 28: those are the odds. So you've got to match seven

1732
01:32:04,400 --> 01:32:08,040
Speaker 28: numbers in euro millions, and one winning ticket last week

1733
01:32:08,040 --> 01:32:11,559
Speaker 28: in Ireland did just that. Now everyone in Ireland every

1734
01:32:11,640 --> 01:32:13,559
Speaker 28: day has been a paper story saying, well we know

1735
01:32:14,200 --> 01:32:16,439
Speaker 28: the county the ticket was sold, and now we know

1736
01:32:16,520 --> 01:32:18,680
Speaker 28: the shop it was sold in. Of course could have

1737
01:32:18,680 --> 01:32:21,519
Speaker 28: been someone just driving through, or it could be someone local,

1738
01:32:21,840 --> 01:32:24,439
Speaker 28: so everyone was super excited to find out who they are.

1739
01:32:25,040 --> 01:32:28,680
Speaker 28: They've come forward anonymously, they've got the money, and a

1740
01:32:28,760 --> 01:32:31,400
Speaker 28: statement was put out by a lot of organizers from

1741
01:32:31,439 --> 01:32:34,200
Speaker 28: the family saying it's a family syndicate. They're going to

1742
01:32:34,240 --> 01:32:36,680
Speaker 28: have a holiday and one member of the family has

1743
01:32:36,680 --> 01:32:39,599
Speaker 28: said he will not be deviating from his cheese and

1744
01:32:39,720 --> 01:32:43,719
Speaker 28: ham sandwich every lunchtime. So let's see if four hundred

1745
01:32:43,800 --> 01:32:46,040
Speaker 28: million dollars does not really change them.

1746
01:32:46,320 --> 01:32:48,759
Speaker 2: Is there a big texts over there like in the US,

1747
01:32:48,840 --> 01:32:50,559
Speaker 2: I get text the Jesus out of them.

1748
01:32:50,680 --> 01:32:54,160
Speaker 28: Is it the Simon no no that drops into your

1749
01:32:54,200 --> 01:32:56,400
Speaker 28: bank account as soon as the check Clear's four hundred

1750
01:32:57,160 --> 01:32:59,800
Speaker 28: million dollars for you to do whatever you want with.

1751
01:33:00,080 --> 01:33:03,160
Speaker 28: I think they're very clever not having any publicity because

1752
01:33:03,479 --> 01:33:06,040
Speaker 28: a country is the size of Ireland, with the amount

1753
01:33:06,080 --> 01:33:09,519
Speaker 28: of criminal networks, Seriously, the amount of organized crime we

1754
01:33:09,560 --> 01:33:11,720
Speaker 28: have in Ireland, you might as well just draw a

1755
01:33:11,720 --> 01:33:14,120
Speaker 28: big X on your back. And they need to be

1756
01:33:14,200 --> 01:33:17,000
Speaker 28: careful about how they spend it as well, because if

1757
01:33:17,040 --> 01:33:21,599
Speaker 28: you're suddenly driving a Lamborghini Hurricane round County Limerick, that's

1758
01:33:21,640 --> 01:33:22,840
Speaker 28: going to draw attention to you.

1759
01:33:23,000 --> 01:33:25,479
Speaker 2: Certainly. Hey, thanks so much for the end of Brady,

1760
01:33:25,479 --> 01:33:28,559
Speaker 2: a UK correspondent. It is twelve minutes away from seven

1761
01:33:28,640 --> 01:33:31,680
Speaker 2: on News Talk cib beak by a few pieces of

1762
01:33:31,760 --> 01:33:34,200
Speaker 2: maths and dinosaur bines with four hundred million dollars.

1763
01:33:34,280 --> 01:33:34,600
Speaker 21: Can you.

1764
01:33:36,680 --> 01:33:38,479
Speaker 2: It's gone eleven away from seven.

1765
01:33:39,600 --> 01:33:42,880
Speaker 1: It's the Heather to See Alan Drive Full Show podcast

1766
01:33:42,960 --> 01:33:45,719
Speaker 1: on iHeartRadio powered by News Talk ZIBB.

1767
01:33:46,640 --> 01:33:49,000
Speaker 2: News Talk ZIBB. It is nine minutes away from seven

1768
01:33:49,080 --> 01:33:52,479
Speaker 2: now ASB is going to publish the quarter to CIPI

1769
01:33:52,680 --> 01:33:56,120
Speaker 2: preview tomorrow, but they have already penciled in. And this

1770
01:33:56,160 --> 01:33:57,719
Speaker 2: is the thing that we were talking about with bred

1771
01:33:57,720 --> 01:33:59,960
Speaker 2: Olson after five o'clock. It is a little bit worrying

1772
01:34:00,080 --> 01:34:04,439
Speaker 2: when you start to factor in the food price inflation

1773
01:34:04,560 --> 01:34:07,640
Speaker 2: and look at the general inflation rates CPI. So for

1774
01:34:07,760 --> 01:34:11,519
Speaker 2: quarter two they are expecting two point eight percent, well,

1775
01:34:11,560 --> 01:34:14,519
Speaker 2: for the year two quarter two two point eight percent,

1776
01:34:14,600 --> 01:34:18,200
Speaker 2: but then for the year two quarter three, as in

1777
01:34:18,200 --> 01:34:22,439
Speaker 2: the one we're in now, they expect three percent or

1778
01:34:22,560 --> 01:34:27,040
Speaker 2: more for annual inflation, which then gets you outside of

1779
01:34:27,080 --> 01:34:30,320
Speaker 2: the Reserve Bank's banned. Then you start to think ahead

1780
01:34:30,320 --> 01:34:33,280
Speaker 2: to the rate cut that we are all fingers crossed for.

1781
01:34:33,800 --> 01:34:36,519
Speaker 2: If you've got a mortgage in August, is that going

1782
01:34:36,520 --> 01:34:39,160
Speaker 2: to happen or not. Brad Olsen on the program earlier

1783
01:34:39,240 --> 01:34:42,320
Speaker 2: made the point that actually the Reserve Bank can look

1784
01:34:42,439 --> 01:34:46,640
Speaker 2: through this short term increase in inflation that they're expecting

1785
01:34:47,000 --> 01:34:49,799
Speaker 2: because towards the end of the year they're expecting inflation

1786
01:34:49,880 --> 01:34:52,720
Speaker 2: to come back down. So the Reserve Bank can just say, oh, well,

1787
01:34:52,720 --> 01:34:57,080
Speaker 2: we're gonna basically ignore the present, look to the future

1788
01:34:57,200 --> 01:35:00,680
Speaker 2: and still cut rates. That's that's the theor anyway, we'll

1789
01:35:00,680 --> 01:35:03,280
Speaker 2: see how it goes next month. Just gone eight minutes

1790
01:35:03,280 --> 01:35:06,719
Speaker 2: away from seven Ryan Bridge. Now judging for this year's

1791
01:35:06,800 --> 01:35:10,200
Speaker 2: ice Cream Awards is happening, and you've gotta wonder what's

1792
01:35:10,240 --> 01:35:14,200
Speaker 2: wrong with just your plain old chocolate, your vanilla, your strawberry,

1793
01:35:14,240 --> 01:35:17,400
Speaker 2: or your neapolitan even a combination of all three. Part

1794
01:35:17,439 --> 01:35:20,320
Speaker 2: of this year's competition and up for judging will be

1795
01:35:21,520 --> 01:35:23,759
Speaker 2: wait till you hear some of these mince and cheese

1796
01:35:23,800 --> 01:35:29,120
Speaker 2: pie gelato. Just why jelly tip brownie gelato that sounds

1797
01:35:29,160 --> 01:35:32,679
Speaker 2: quite nice. Hokey pokey ice cream with color color sounds

1798
01:35:32,720 --> 01:35:36,439
Speaker 2: all right? Manuka honey and ginger ice cream? Cihun chili

1799
01:35:36,600 --> 01:35:41,439
Speaker 2: crisp ice cream? Just have a meal or have a dessert?

1800
01:35:41,680 --> 01:35:44,160
Speaker 2: Why are we, you know, trying to mix things together?

1801
01:35:44,760 --> 01:35:49,960
Speaker 2: Strawberry matcha and miso moose. It's just a lovely alliteration,

1802
01:35:50,120 --> 01:35:52,640
Speaker 2: but probably doesn't taste great. Well, I guess we'll find

1803
01:35:52,680 --> 01:35:56,679
Speaker 2: out what's judging is done. I don't know. It seems

1804
01:35:56,720 --> 01:35:59,920
Speaker 2: like to me, mince and cheese pie and a sweet

1805
01:36:00,120 --> 01:36:02,080
Speaker 2: thing just not a good idea.

1806
01:36:02,600 --> 01:36:05,080
Speaker 10: Well, on the other hand, run we haven't tried it yet, right,

1807
01:36:05,400 --> 01:36:07,840
Speaker 10: What if they're onto something? Well, I mean, because mince

1808
01:36:07,840 --> 01:36:10,760
Speaker 10: and cheese pies are delicious, ice cream is delicious. Maybe

1809
01:36:10,880 --> 01:36:13,439
Speaker 10: combining two delicious things just create something that's even all.

1810
01:36:13,600 --> 01:36:15,160
Speaker 10: I mean, we've got to give it a chance, don't we.

1811
01:36:15,200 --> 01:36:16,840
Speaker 2: I don't know. I just feel like, what's next that

1812
01:36:16,880 --> 01:36:19,280
Speaker 2: they're going to do with Brussels sprouts and you know,

1813
01:36:19,760 --> 01:36:24,040
Speaker 2: like binge juice. It's just gross stuff like toe jams

1814
01:36:24,040 --> 01:36:24,519
Speaker 2: and sweat.

1815
01:36:24,560 --> 01:36:27,000
Speaker 10: Okay, yeah, you know. Yeah, don't knock it till your

1816
01:36:27,080 --> 01:36:29,519
Speaker 10: rocket works, like up to a certain point. But you're right,

1817
01:36:29,560 --> 01:36:30,720
Speaker 10: I'm not trying the toe jam one.

1818
01:36:30,800 --> 01:36:32,559
Speaker 2: Yeah, no, no, no, I was going to try that one.

1819
01:36:32,680 --> 01:36:35,840
Speaker 2: I mean, look, we will try. Actually, could someone send

1820
01:36:35,960 --> 01:36:37,760
Speaker 2: us their mince and cheese? Yeah? Do they need any

1821
01:36:37,760 --> 01:36:39,880
Speaker 2: more judges? So they got enough judges yet? We can

1822
01:36:39,880 --> 01:36:42,400
Speaker 2: do it, right, We've.

1823
01:36:42,280 --> 01:36:43,000
Speaker 10: Got some volunteers.

1824
01:36:43,000 --> 01:36:44,760
Speaker 2: Send it, send it times. We'll try it on the

1825
01:36:44,800 --> 01:36:45,439
Speaker 2: show tomorrow.

1826
01:36:46,520 --> 01:36:50,240
Speaker 10: And you're keen for that, you know, I'm sure. I'm

1827
01:36:50,280 --> 01:36:52,120
Speaker 10: sure I can find some time. Yea, even for the

1828
01:36:52,160 --> 01:36:53,400
Speaker 10: mince and cheese pie one. I'll give you go to

1829
01:36:53,439 --> 01:36:53,800
Speaker 10: all right.

1830
01:36:53,720 --> 01:36:57,240
Speaker 2: If somebody sends that to us, then they win. It's

1831
01:36:57,280 --> 01:37:00,439
Speaker 2: six minutes away from seven on Newstalk ZB and what

1832
01:37:00,479 --> 01:37:02,559
Speaker 2: are we going out to ends a sad one.

1833
01:37:02,840 --> 01:37:06,240
Speaker 10: Unfortunately today Ryan, this is highday, am I by Daphne Walker,

1834
01:37:06,280 --> 01:37:09,120
Speaker 10: the New Zealand singer. She has died at the age

1835
01:37:09,200 --> 01:37:13,040
Speaker 10: of ninety three. This particular song was recorded back in

1836
01:37:13,120 --> 01:37:16,400
Speaker 10: nineteen fifty five and released on a Tenant record called

1837
01:37:16,520 --> 01:37:19,400
Speaker 10: south Sea Rhythm, which is believed to be the country's

1838
01:37:19,400 --> 01:37:22,240
Speaker 10: first ever pop album that was ever released.

1839
01:37:22,280 --> 01:37:23,200
Speaker 2: And she was on it.

1840
01:37:23,240 --> 01:37:26,280
Speaker 10: But yeah, wow, yeah, very sad news today that Daphney

1841
01:37:26,280 --> 01:37:26,800
Speaker 10: has died.

1842
01:37:26,840 --> 01:37:31,479
Speaker 2: We're not sure how okay? Ninety three good innings five

1843
01:37:31,600 --> 01:37:32,799
Speaker 2: to seven see.

1844
01:37:32,680 --> 01:37:40,599
Speaker 25: Tomorrow coomes SUNCHI. You're welcome as a king, Bye Corry.

1845
01:37:41,160 --> 01:37:47,759
Speaker 25: This is fun time will really have a fling her, Emma,

1846
01:37:50,160 --> 01:37:58,400
Speaker 25: everything is copy through the land. We want to shake

1847
01:37:58,640 --> 01:38:02,760
Speaker 25: your healt and how it in my.

1848
01:38:04,880 --> 01:38:43,040
Speaker 8: We're proud of you. That's why. How in my everything

1849
01:38:43,240 --> 01:38:43,960
Speaker 8: is cop fined?

1850
01:38:46,000 --> 01:38:54,240
Speaker 25: You're here red line, you're really red list? How it

1851
01:38:54,520 --> 01:38:55,040
Speaker 25: is my.

1852
01:38:57,320 --> 01:38:58,559
Speaker 8: Not acording this.

1853
01:38:58,720 --> 01:39:07,840
Speaker 25: Guy, Duke coiner frame. This is the day of day.

1854
01:39:09,479 --> 01:39:17,920
Speaker 25: You're welcome as the sunshine. You're welcome as a king. Hi, Cory,

1855
01:39:18,520 --> 01:39:24,040
Speaker 25: this is one time we'll really have a fling her

1856
01:39:24,240 --> 01:39:24,600
Speaker 25: it e.

1857
01:39:27,479 --> 01:39:30,160
Speaker 8: Everything is copied.

1858
01:39:31,200 --> 01:39:38,800
Speaker 25: Throughout the land. We want to shake your head, ah

1859
01:39:39,240 --> 01:39:40,080
Speaker 25: it and my.

1860
01:39:42,240 --> 01:39:47,519
Speaker 8: We're proud of you. That's why and my.

1861
01:39:49,760 --> 01:39:49,960
Speaker 23: How.

1862
01:39:56,000 --> 01:39:59,160
Speaker 1: For more from Hither Duplessy Allen Drive, listen live and

1863
01:39:59,240 --> 01:40:02,400
Speaker 1: News Talks It from four pm weekdays, or follow the

1864
01:40:02,439 --> 01:40:04,040
Speaker 1: podcast on iHeartRadio.