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Speaker 1: Pressing the newsweakers to get the real story. It's Ryan

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Speaker 1: Bridge on Heather duplic Ellen drive with one New Zealand

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Speaker 1: let's get connected news.

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Speaker 2: Dolf said, b.

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Speaker 3: Good evening, I'm Ryan Bridge and the Heather. Great to

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Speaker 3: have your company this afternoon. Just gone seven after four

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Speaker 3: our lead interview after five this evening, Nikola willis she

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Speaker 3: is cracking down on the banks and powering up Kiwi Bank.

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Speaker 3: Exactly what is she doing? She's live with us after

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Speaker 3: six plus we'll have reaction. Just after five Syria. We're

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Speaker 3: to next. We speak to the former US ambassador there,

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Speaker 3: plus the cops. They've got targets for drink driving and

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Speaker 3: drug driving and for speeding, and they have missed one

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Speaker 3: of those targets. We will tell you which one. And

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Speaker 3: David Seymour is dancing off the back of a new

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Speaker 3: poll result out this afternoon. I'll have you details on that.

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Speaker 3: Shortly said be teenagers arrested carjacking with machette in Hamilton.

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Speaker 3: Two of them escaped from boot camps. Goodness me, what

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Speaker 3: a headline. And that's what we read at the weekend.

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Speaker 3: It's all alleged at this stage, but very serious. Alleged offending,

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Speaker 3: and while some were in the community phase of their

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Speaker 3: boot camps, at least one reportedly escaped while on supervised

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Speaker 3: compassionately to attend a funeral. Clearly, the answer here is

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Speaker 3: a little less compassion, no more escorted trips to tonguey.

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Speaker 3: In situations like this you have to double down. If

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Speaker 3: you cave at this point, you'll be walked all over.

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Speaker 3: Of course, if you listen to those on the let's

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Speaker 3: call them what they are on this issue, at least

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Speaker 3: extreme left, these offenders, albeit young offenders, shouldn't be in

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Speaker 3: boot camps at all. And everything is David Seymour's fault,

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Speaker 3: which is all a total cop out, and we'll get

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Speaker 3: to that in a second. Generally, though, criticism of OT

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Speaker 3: and the state are valid in situations like this. The

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Speaker 3: state is crap at most things that it tries to do,

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Speaker 3: namely five excellent services you get from the government. Yes,

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Speaker 3: they exist, but they are rare. If the state ran

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Speaker 3: Domino's Pizza, eat your arm of Hunger before they managed

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Speaker 3: to deliver one to you. So boot camps and OT

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Speaker 3: are not perfect solutions, but they were never going to be.

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Speaker 3: Were they The backups? A backup to families and communities

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Speaker 3: that failed us, that failed those kids, and those kids

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Speaker 3: went on to make bad choices and wound up carjacking

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Speaker 3: with machelles allegedly on the streets of Hamilton. The order

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Speaker 3: of blame here, despite the nonsense from some ought to

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Speaker 3: be one the individual involved. It's not fair to blame

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Speaker 3: the parents first. Sometimes good parents just can't control their

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Speaker 3: unruly teenagers despite how much they try. Number two the parents,

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Speaker 3: you have the kids they yours to raise properly. Number

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Speaker 3: three society, because yes, we all play a role in

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Speaker 3: raising the next generation of children. And four the state

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Speaker 3: and its response. This must come last, because that's exactly

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Speaker 3: what it is, a response to the failings See one

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Speaker 3: through three. It's easy to blame David's team, but the

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Speaker 3: easy answer isn't always the right one. To get these

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Speaker 3: kids into a place where we all want them to

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Speaker 3: be bright and successful and thriving, the buck must stop

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Speaker 3: first at the bottom, not the top. Z be or

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Speaker 3: Can Transport has been forced to take down ads that

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Speaker 3: encourage people to bust to the mall after pushback from

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Speaker 3: small businesses. The posters were put up throughout all small

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Speaker 3: retail villages saying jingle bus jingle bus jingle to the mall.

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Speaker 3: Excuse me, this is terrible, but it continues. Oh what

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Speaker 3: fun it is to ride with no parking queues at all.

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Speaker 3: Moys Shore is with us. She's the k Road business

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Speaker 3: owner and chairperson of the CA Road Business Association. Moy

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Speaker 3: good afternoon, Good afternoon. What's wrong with that jingle? It

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Speaker 3: sounds like inspired.

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Speaker 4: Inspired if you work at the malls or work the malls,

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Speaker 4: but it's a bit of a kick in the so

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Speaker 4: if you're a local business owner and the local business precincts,

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Speaker 4: so yeah, it's not good at all. It tarnishes the

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Speaker 4: relationships with business districts and Auckland Transport, so it takes

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Speaker 4: away the customers from local businesses and takes them to

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Speaker 4: the mall where you know, the malls make huge amounts

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Speaker 4: of money and and it appears that Auckland Transport almost

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Speaker 4: bent on making sure that the malls make even more money.

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Speaker 4: So it's really really unfortunate that they've put all those

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Speaker 4: posts all around Auckland, especially in our local precincts like Kingsland.

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Speaker 5: Right right in your Face's put that right in our face,

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Speaker 5: over our face.

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Speaker 4: It's not good at all. It's a bit of a

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Speaker 4: kick in the gap.

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Speaker 3: Do you worry though, because this is essentially what they want,

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Speaker 3: isn't it. You know Auckland transport and you know they've

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Speaker 3: been sort of emasculated just recently, But this is what councils want.

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Speaker 3: They want us to be getting public transport to one

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Speaker 3: big area to shop, rather than you know, all driving

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Speaker 3: cars to go to lots of different places like k Road.

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Speaker 4: No. No, I mean, if you've got public transport, you

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Speaker 4: can get public transport to your local shops. You know,

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Speaker 4: we've got some pathtic local businesses. They're offer great Christmas gifts,

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Speaker 4: you know, So I would actually push back on that.

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Speaker 4: You know, yes, they are trying to, I agree, get

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Speaker 4: us out of our cars. But if they trying to

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Speaker 4: get us out of our cars and to buses or

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Speaker 4: trains and whatnot, then they can clearly advertise to go

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Speaker 4: to your local shops to get your Christmas gifts or

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Speaker 4: cues there. So you know their strategy, their way of

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Speaker 4: thinking is not quite right, and I think it doesn't

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Speaker 4: help when they clearly advertise to go to them all.

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Speaker 3: It doesn't help you guys. I can see exactly where

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Speaker 3: you're coming from. Moy do they get some brownie points

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Speaker 3: for taking the post. I understand they've partially covered up

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Speaker 3: some of them and they are taking the rest of

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Speaker 3: them down. Do they do they get some brownie points

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Speaker 3: from you for that?

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Speaker 6: No?

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Speaker 4: No, not at all, not at all. The damage has

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Speaker 4: been done. The post is you know that thing up.

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Speaker 4: People have seen them that they're not small, they're huge.

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Speaker 4: You know, the damage has been done. Really, Auckland Transport

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Speaker 4: need to give some good faith back to local businesses

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Speaker 4: and maybe perhaps put free busses to the local shopping

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Speaker 4: centers or maybe double the advertising to go to your

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Speaker 4: local shopping centers, you know, and support your local businesses.

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Speaker 4: So I don't think just covering them up is a

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Speaker 4: sign of any good faith. It's like, oh, we've really

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Speaker 4: screwed up here and let's try and rectify a mistakes

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Speaker 4: by covering it up. That's not really any brownie points.

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Speaker 4: Is the damage has been done all right?

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Speaker 3: Boy? It sounds like there is no redemption from you.

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Speaker 3: I appreciate you your time, Merry Christmas, and I hope

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Speaker 3: that you take up some business off the back of

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Speaker 3: this interview. Moyture with us. She is the k Road

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Speaker 3: business owner and chairperson of the cak Road Business Association

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Speaker 3: in Auckland, the Council of there basically putting up posters

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Speaker 3: saying go to the mall and you can understand why

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Speaker 3: she wouldn't like that. It is just gone fourteen after four.

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Speaker 3: You're on Newstalk SEDB.

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Speaker 1: Who will take the White House results and analysis of

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Speaker 1: the US election on Heather Dupless Alan Drive with one

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Speaker 1: New Zealand let's get connected Newstalk SB.

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Speaker 3: I'm Ryan Bridge and for hither you're on News Talks Hebb.

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Speaker 3: It's just gone sixteen after four. Great to have your

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Speaker 3: company this afternoon. What a poll for the ACT Party.

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Speaker 3: We've just had the latest and final for the year.

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Speaker 3: Taxpayer Courier Pole, the taxpay union carrier Pole National down

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Speaker 3: four point six points. That's on thirty four point two percent.

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Speaker 3: Labor down also four point six points on twenty six

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Speaker 3: point nine percent. Where is all this vote going? Act

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Speaker 3: on thirteen percent up four and a half points. That

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Speaker 3: is an incredible result for the ACT Party. That is evidence,

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Speaker 3: i think the first evidence we have seen of tangible

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Speaker 3: payback for David Seymour from his treaty debate. Everyone has said, oh,

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Speaker 3: you know, he's a brat he's misbehaving. He needs to

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Speaker 3: get in line. No, that is four and a half

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Speaker 3: points worth, thank you very much. Take that to the bank.

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Speaker 3: And where has he taken them from? Luxen, the guy

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Speaker 3: who has been strengthening his rhetoric against the bill over

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Speaker 3: the last couple of weeks. So that is interesting. But

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Speaker 3: what's also interesting is to party Maldi is up three

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Speaker 3: points to five and a half percent. So what you've

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Speaker 3: basically got is a seven and a half point jump

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Speaker 3: in the polls. Shift in the polls because of the well,

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Speaker 3: I mean, this is what I think. We'll talk to

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Speaker 3: Barry Soper about it later on too, but shift in

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Speaker 3: the polls because of the treaty debate, and it's going

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Speaker 3: to the extreme ends of the spectrum. Eighteen after four.

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Speaker 1: Sport with a new tab app downloaded today eighteen bet Responsibly.

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Speaker 3: Jason Pine is with US spokes Talk Hosts a seven

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Speaker 3: pm tonight on News Talks. There'd be Jason Good, afternoon, Giddy, Ryan,

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Speaker 3: good to talk to you. Should Tim Sauvey play in

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Speaker 3: the test in Hamilton? What do you reckon?

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Speaker 7: What a very good question, What a very good question,

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Speaker 7: one which I know a lot of cricket fans will

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Speaker 7: be pontificating about across the weak ahead. Look, I think

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Speaker 7: it all comes down to whether you favor sentiment or

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Speaker 7: whether you favor selecting the best side to win a

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Speaker 7: game of game of cricket. Because I think the first

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Speaker 7: tests are the first two tests have shown is that

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Speaker 7: Tim Souvey is not in the best form of his career. Unfortunately.

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Speaker 7: What's happened with the signaling of this as his farewell

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Speaker 7: valedictory tour just about is that I'm almost certain Ryan

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Speaker 7: they'll play him in Hamilton.

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Speaker 3: Really, I'm almost certain that they will.

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Speaker 7: I think so. I think so, And to be fair,

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Speaker 7: you say, okay, well they're two nil down, they can't

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Speaker 7: win the series. They can only lose three nils. So

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Speaker 7: maybe it doesn't matter, but actually it does matter. You

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Speaker 7: don't just give away test caps to people.

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Speaker 1: I know.

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Speaker 7: Look, I feel a little bit. Wouldn't say sorry for

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Speaker 7: Tim Soudy, but he's had a absolutely outstanding career, has

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Speaker 7: been one of our best all format cricketers for well

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Speaker 7: over a decade and a half and I just worry

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Speaker 7: about that legacy being tarnished a bit by what's happening here.

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Speaker 7: At the end, you think back a year.

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Speaker 3: Neil Wagner was.

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Speaker 7: Never given the given the you know, the the privilege

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Speaker 7: of having a fair well. He was basically told in

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Speaker 7: no uncertain terms that he needed to retire, whereas Tim

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Speaker 7: Soudi has been given this, this final tour where it

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Speaker 7: seems to be written in the stars that will play

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Speaker 7: in all three Test matches, regardless of conditions or match situation.

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Speaker 7: So yeah, look, I'm almost willing to bet my house

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Speaker 7: on the fact that Tim Soudi will play this final

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Speaker 7: Test in Hamilton. Whether you agree with that or not,

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Speaker 7: I guess it's a different story.

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Speaker 3: Plus, there's got to be lots of other young ones

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Speaker 3: coming through that could do with the opportunity. Is that

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Speaker 3: you would have thought, yeah, as a young one coming

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Speaker 3: through here you are on the Drive show.

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Speaker 7: You know these opportunities have to be handed out.

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Speaker 3: You know, Hey, Jason, how have Auckland C got so

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Speaker 3: good so fast? I love this.

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Speaker 7: I love this story and I love it as much

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Speaker 7: off the field as on the field. It was lucky

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Speaker 7: enough to be at go Media Stadium on Saturday to

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Speaker 7: witness the Derby and look Auckland f C played Sex

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Speaker 7: one six. I mean, you can't do much better.

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Speaker 8: Than that.

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Speaker 7: Just incredible from them, and I think it's down to

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Speaker 7: shrewd investment and ready engendering a passion in these players.

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Speaker 7: But off the field, twenty six thousand turning up. They

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Speaker 7: had the same number in their opening game. I saw

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Speaker 7: a stat today, Ryan. In four home games, Auckland FC

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Speaker 7: have got a bigger cumulative crowd than the entire two

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Speaker 7: season life of the New Zealand Knights twenty one home

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Speaker 7: games in two thousand and five, six and seven. Across

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Speaker 7: those twenty one games, Auckland f C have already beaten

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Speaker 7: that cumulative total in just four home matches.

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Speaker 3: Incredible, it is incredible. Jason, thank you for that. I

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Speaker 3: love to talk to you. That is Jason Piness, sports

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Speaker 3: talk host seven pm tonight on News Talk CEBB. It

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Speaker 3: is twenty one minutes after four. You're on new talks.

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Speaker 3: He'd be great to have your company. Lots of your

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Speaker 3: texts coming in about this poll that's coming from the

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Speaker 3: Taxpayers Union if you're just joining US Taxpayers Curier Union

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Speaker 3: poll for December a lot of movement, big movement basically

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Speaker 3: national and labor both down Act and to Party Malori up.

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Speaker 3: The shift is down four point six points for both

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Speaker 3: National and Labor up four and a half. For the

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Speaker 3: Act Party up three to five point five four to

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Speaker 3: Party Maldi. And for those who were wondering about that

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Speaker 3: fresh water pole last week, remember the one that said

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Speaker 3: that Chippy Hippie Chippy was above Luxon in the preferred

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Speaker 3: PM stakes. Well this settles that debate. I think Luxon

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Speaker 3: is unchanged from last month. On twenty seven point one.

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Speaker 3: Chris Hopkins is well, actually he's up four point four,

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Speaker 3: but still only nineteen point nine percent. Twenty two after four.

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Speaker 1: The day's newsmakers talk to Ryan First, Ryan Bridge, John

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Speaker 1: Heather Duper c Allen drive with One New Zealand let's

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Speaker 1: get connected news talk as they'd be.

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Speaker 3: Good afternoon, Great to have your company. Twenty four minutes

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Speaker 3: after four, your on news Talk, said b And at

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Speaker 3: the Beehive, Nikola Willis has just spoken to the press.

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Speaker 3: She says the government is announcing the next steps in

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Speaker 3: its effort to increase competition between the banks. Of course,

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Speaker 3: she's notoriously described it as like a pallo fight, the

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Speaker 3: competition between these big banks. So what are they going

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Speaker 3: to do. They're going to beef up Kiwi Bank and

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Speaker 3: they've agreed that Kiwibank needs five hundred million bucks more

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Speaker 3: to make it competitive.

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Speaker 9: Here she is the government is accelerating moves to provide

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Speaker 9: Kiwi Bank with access to more capital. Kiwibank's parent company,

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Speaker 9: Kiwi Group Capital and the Treasury have been directed to

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Speaker 9: talk to New Zealand Kei We Saver funds, New Zealand

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Speaker 9: investment institutions and New Zealand professional investor groups about a

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Speaker 9: potential investment of up to five hundred million dollars in

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Speaker 9: Kiwi Bank.

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Speaker 3: Ah, So that is interesting. That is basically shunning the

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Speaker 3: stock market, isn't it. It's everything but the stock market,

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Speaker 3: and because that would let your foreign investors in, and

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Speaker 3: then is it really Kivi Bank? You know what I mean? Anyway,

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Speaker 3: Nichola Willis is on the show after six. We've got

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Speaker 3: Sam Stubbs from Simplicity on the program after five. So

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Speaker 3: plenty of reaction coming to news out of Parliament this afternoon.

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Speaker 3: Two us the number to text and I've been reading

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Speaker 3: your messages through the break, Ryan, come on. Nothing Act

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Speaker 3: has said about the Treaty Principle's Bill has been extreme.

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Speaker 3: Unlike to party Mardy, Ryan, love you to have you

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Speaker 3: on in the afternoons, but I often sleep through the mornings,

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Speaker 3: says Laura. Laura, you just need to sort your schedule out, please, Hi, Ryan,

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Speaker 3: we never hear about parental responsibility when talking about the

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Speaker 3: boot camps and the kids that are in it. I

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Speaker 3: say put the parents in alongside the kids in the

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Speaker 3: same facilities, Jake, I don't know that that's entirely going

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Speaker 3: to help. This is another one on Seymour. Lots of

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Speaker 3: feedback on this poll. David Seymour will trip up, just

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Speaker 3: as he did during the election campaign when he said

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Speaker 3: we might sit on the cross benches, thank you very much.

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Speaker 3: Act then dropped in all polling. And that is an

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Speaker 3: interesting point. How sustainable is this jump in the polls

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Speaker 3: for David Seymour? Can he make it last? And what

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Speaker 3: happens when they do the role switch and Winston goes

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Speaker 3: to campaign mode? You know halfway? Well not long now,

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Speaker 3: is it? What happens? Then? Nine two is the number text?

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Speaker 3: I'm Ryan Bridge. Great to have your company on drive

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Speaker 3: this afternoon. It's twenty seven after four, Okay.

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Speaker 1: If this were we man the name you trust to

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Speaker 1: get the answers you need, Ryan Bridge on Heather duper Cy,

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Speaker 1: Ellen Dry with one New Zealand.

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Speaker 2: Let's get connected and news talk as it be.

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Speaker 10: Stop.

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Speaker 3: Where against is your truck?

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Speaker 11: Greg?

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Speaker 12: Did your work my dinner?

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Speaker 1: It's fun.

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Speaker 3: Good afternoon, New Zealand. Twenty five away from five. I'm

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Speaker 3: Ryan Bridge and for here the great to have your company.

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Speaker 3: This afternoon. We're going to talk to Nichola Willis after six.

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Speaker 3: She's just told Cab that the fairies apparently the decision

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Speaker 3: will be made. Well, we know it's going to be

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Speaker 3: made by wednesday. The announcement made by wednesday. She's saying,

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Speaker 3: nadda today and we'll try and get maybe, try and

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Speaker 3: get a little bit out of her. Just after six.

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Speaker 3: Also on Syria, we have talking to us this afternoon

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Speaker 3: the former US ambassador to Syria. He lived in Damascus

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Speaker 3: for several years before for security reasons, they were removed

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Speaker 3: from there. He's with us. Just after five as well.

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Speaker 1: It's the World Wires on news dogs 'd be drive over.

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Speaker 3: In Australia, the coalition government says if it wins the

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Speaker 3: next election, it will launch a task force to address

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Speaker 3: sorry and this is not the government, this is the

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Speaker 3: coalition who wants to be the government. It will launch

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Speaker 3: a task force to address anti Semitism. Leader Peter Dunnon

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Speaker 3: is also keen to be far the character requirements for migrants.

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Speaker 13: It will strengthen the provisions of Section five hundred and one,

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Speaker 13: the character test under the Migration Act, which will be

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Speaker 13: targeted at those people who are non citizens who will

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Speaker 13: be deported for their conduct which seem to be adi Semitic.

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Speaker 3: Russia has reportedly received assurances from the new Syrian government

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Speaker 3: that Russian military bases and diplomatic missions inside Syria will

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Speaker 3: not be attacked. Russia was a major supporter of ourst

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Speaker 3: died Syrian dictator Bashir Alissade and Alisada has gone on

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Speaker 3: to exile in Moscow. He's essentially an asylum seeker in Moscow.

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Speaker 3: Right now, a new Syrian caretaker prime minister has been appointed.

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Speaker 3: He says there'll be an orderly transition of power.

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Speaker 11: We're extending our hands even to the opposition, who already

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Speaker 11: reach out to us and gave us assurances there will

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Speaker 11: not cause any harm to any citizen who belongs to

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Speaker 11: the Syria of ours.

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Speaker 3: And finally, Vancouver's iconic gas Town steam clock is playing

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Speaker 3: a new chime for the first time since it was

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Speaker 3: built in nineteen seventy seven. Generally the steam power clock

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Speaker 3: will play standard clock chimes through its pipes like this.

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Speaker 3: Good imagine working next to that or worth living next

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Speaker 3: to it every hour. But this week, while Taylor Swift

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Speaker 3: is in Vancouver for the very last top of her

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Speaker 3: eras two O, the clocks playing shake it off every

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Speaker 3: quarter hour.

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Speaker 1: International Correspondence with Ends and Eye Insurance, Peace of mind

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Speaker 1: for New Zealand business.

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Speaker 3: Oh this hideous, What an awful sound. It is twenty

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Speaker 3: three away from five News Talk ZBB. We're going to

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Speaker 3: our Perth Live presenter six PR Perth Live presenter Australia

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Speaker 3: correspondent Oliver Peterson. Oliver, Welcome to the show. The latest

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Speaker 3: polls are bad news for out more bad news, I

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Speaker 3: should say for Elbow.

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Speaker 14: Yeah, they are get a Ryan.

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Speaker 15: There are two poles out today which would certainly have

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Speaker 15: the Prime Minister quite concerned.

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Speaker 14: He's actually in the news.

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Speaker 15: Poll now labeled the weakest leader that Australia has had

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Speaker 15: in decades. His rating has now fallen to forty four percent.

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Speaker 15: Peter Dutton on that same que about leadership, he's at

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Speaker 15: sixty percent now. Dutton is certainly a leader of conviction.

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Speaker 15: He's not backward in coming forward. Anthony Albanezi has always

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Speaker 15: had the tag ryn of being each way albow and

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Speaker 15: at the moments he probably well exam a good example

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Speaker 15: for you from over the weekends when we had the

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Speaker 15: fire bombing in Melbourne on Friday at the synagogue.

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Speaker 14: The Prime Minister was over here in Perth. And what

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Speaker 14: has just.

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Speaker 15: Gone up online in the last twenty minutes is he

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Speaker 15: was playing tennis in Cotterslow, which is one of the

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Speaker 15: most wealthy suburbs here in Western Australia. So he's on

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Speaker 15: a grass tennis court while he's being asked to maybe

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Speaker 15: go on attend the synagogue in Melbourne and show some leadership.

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Speaker 14: Instead he was playing a bit at tennis.

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Speaker 3: Not a great look for albow.

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Speaker 15: And then on the other hand he's got a another

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Speaker 15: pole that shows that they don't even believe him. He

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Speaker 15: used to say I have your back, and that's now

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Speaker 15: coming back with only twenty seven percent at support of

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Speaker 15: voters believing that they have his back. What this all

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Speaker 15: points to there if though Ryan is probably a hung

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Speaker 15: Parliament when we go to the poll sometime next year.

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Speaker 3: Right interesting, it's crunch time now, really, isn't it. And

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Speaker 3: I mean he hasn't been in there long, has he.

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Speaker 3: You think he'd get a bit more leeway. But there

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Speaker 3: have been a few mistakes. A huge number of boats

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Speaker 3: have been stopped trying to enter Australian waters illegally. Yeah

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Speaker 3: they are.

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Speaker 15: And look, this is good to be able to get

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Speaker 15: this sort of information because Border Force now really clamped

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Speaker 15: down on the information. One hundred and fifty six vessels

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Speaker 15: have been stopped and eighty three pirates have been prosecuted

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Speaker 15: in the past six months. I don't thin Johnny Depp

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Speaker 15: was one of those, but this was confirmed by the

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Speaker 15: ABF Commander of Maritime Border Command, Rear Admiral Brent Sotna,

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Speaker 15: speaking to Channel seven US. So certainly the boats have

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Speaker 15: started up in Australian waters. That's what we can read

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Speaker 15: from this. And as I said, the government isn't so

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Speaker 15: forthcoming with providing that information to the public.

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Speaker 14: But they're sort of being found even getting.

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Speaker 15: As close to the top parts of Australia, not even

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Speaker 15: Naru or some of those islands which are off to

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Speaker 15: the north of the coast.

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Speaker 14: They're actually finding their way all the way to the

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Speaker 14: mainland Australia.

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Speaker 15: So no doubt this will be forming part of the

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Speaker 15: current political discussion Ryan about whether or not we are

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Speaker 15: up to scratch with our border security.

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Speaker 3: Interesting, let's talk about the police blitz on dozens of

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Speaker 3: drug dealers. What's that about.

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Speaker 15: Yeah, So in Sydney it's called dial a dealer and

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Speaker 15: over the last three weekends police have arrested one hundred

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Speaker 15: and eighty people, sorry, one hundred and eight people. They've

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Speaker 15: see six hundred and fifty bags of coke, MDMA, cannabis edibles, THCHD,

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Speaker 15: ketamine ice.

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Speaker 14: So they're really going for the street dealer, if you like.

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Speaker 15: But they're trying to send that message ahead of really

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Speaker 15: the summer party season that there are going to be

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Speaker 15: dozens of people now who are going to be prosecuted

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Speaker 15: as a result of being found to allegedly selling drugs.

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Speaker 14: One hundred and eight people arrested, So that's quite a

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Speaker 14: sting operation.

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Speaker 3: Certainly sounds like it. Oliver, thank you very much for

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Speaker 3: being with us. Oliver Peterson, the six PR Perth Live presenter.

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Speaker 3: It is nineteen minutes away from five News Talk SIB

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Speaker 3: just on Syria. Because we have spoken about it just

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Speaker 3: in the last couple of seconds. It's interesting, isn't it?

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Speaker 3: Because you think. You ask yourself, why isn't Russia doing more?

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Speaker 3: Why did Russia do more to try and help alisade

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Speaker 3: his ally it's their only foot into the Middle East,

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Speaker 3: Russia in Syria. Why would they let it fall? I mean,

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Speaker 3: obviously they're distracted by Ukraine, that is a big issue.

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Speaker 3: But they have military bases there, and they have diplomatic bases,

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Speaker 3: you know, support there obviously, but that's not as important

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Speaker 3: as their military basis. This is their only foothold into

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Speaker 3: the region and it is now with basically overnight it

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Speaker 3: has disappeared, and they now have an asylum seeker living

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Speaker 3: in Moscow by the name of Bisher Alisat. So why

435
00:22:37,119 --> 00:22:40,640
Speaker 3: would Russia let that happen While they've been weakened by Ukraine,

436
00:22:40,880 --> 00:22:43,320
Speaker 3: they perhaps don't have the resources to do that. But

437
00:22:43,440 --> 00:22:46,800
Speaker 3: also crucially, they are now doing deals behind the scenes.

438
00:22:46,800 --> 00:22:49,320
Speaker 3: They are doing deals with the opposition parties to make

439
00:22:49,320 --> 00:22:54,400
Speaker 3: sure that those bases stay open and protected. Eighteen to five.

440
00:22:54,600 --> 00:22:58,160
Speaker 1: Politics with centrics credit check your customers and get payment.

441
00:22:57,920 --> 00:23:00,000
Speaker 2: Certainty New CBS.

442
00:23:00,160 --> 00:23:02,800
Speaker 3: It's just gone quarter to five and Nicola Willis after

443
00:23:02,880 --> 00:23:06,320
Speaker 3: six and Sam Stubbs after five. Barry Soper right now

444
00:23:06,359 --> 00:23:09,920
Speaker 3: Senior political correspondent. Very, good afternoon, good afternoon, right, lovely

445
00:23:09,960 --> 00:23:10,359
Speaker 3: to see you.

446
00:23:10,520 --> 00:23:11,159
Speaker 16: Nice to see you.

447
00:23:11,880 --> 00:23:13,720
Speaker 3: Kiwi banks getting some cash.

448
00:23:13,920 --> 00:23:16,640
Speaker 10: Yeah, well, look, this has been talked about for so long,

449
00:23:16,720 --> 00:23:20,399
Speaker 10: hasn't it. And it was it was inevitable that was

450
00:23:20,440 --> 00:23:23,119
Speaker 10: going to happen. And this has really come out of

451
00:23:22,240 --> 00:23:27,720
Speaker 10: the banking inquiry by the ComCom and the government says

452
00:23:27,800 --> 00:23:31,080
Speaker 10: it'll be accepting all its recommendations. I think they made

453
00:23:31,160 --> 00:23:34,480
Speaker 10: fourteen and that's for open banking and the like that

454
00:23:35,200 --> 00:23:38,280
Speaker 10: the big trading banks will be expected to abide by.

455
00:23:38,400 --> 00:23:43,359
Speaker 10: But it's pushing ahead with moves to increase banking competition,

456
00:23:43,480 --> 00:23:48,199
Speaker 10: they say. But interestingly, Ryan, they're not going internationally for this,

457
00:23:48,240 --> 00:23:54,240
Speaker 10: They're going locally. So Kiwibank's parent company, Kiwi Group Capital

458
00:23:54,760 --> 00:23:57,720
Speaker 10: and Treasury, they'll be going out with the begging bowl

459
00:23:58,119 --> 00:24:04,480
Speaker 10: to Kiwi say funds. They'll be looking at investment institutions,

460
00:24:05,680 --> 00:24:10,959
Speaker 10: professional investor groups, potential investments of up to five hundred

461
00:24:10,960 --> 00:24:13,800
Speaker 10: million dollars right, and they say, you know, this is

462
00:24:13,840 --> 00:24:17,240
Speaker 10: going to really make a Kiwi bank a much better

463
00:24:17,320 --> 00:24:21,480
Speaker 10: competitor for the big Australian. For Nicol Willison's reckons that

464
00:24:21,560 --> 00:24:24,879
Speaker 10: the Big four Australian owned banks will get a hurry

465
00:24:24,960 --> 00:24:28,480
Speaker 10: up to respond more generously to customers.

466
00:24:28,920 --> 00:24:32,160
Speaker 9: Zealand is often seen as the little brother against the Aussies.

467
00:24:32,359 --> 00:24:34,880
Speaker 9: We want to give that little brother a little bit

468
00:24:34,880 --> 00:24:38,600
Speaker 9: more muscle to get a fairer deal for Kiwis advice

469
00:24:38,640 --> 00:24:42,040
Speaker 9: to the government is that an additional five hundred million

470
00:24:42,080 --> 00:24:45,679
Speaker 9: dollars of capital could support up to four billion dollars

471
00:24:45,680 --> 00:24:49,520
Speaker 9: of business lending or ten billion dollars of home lending.

472
00:24:49,800 --> 00:24:53,400
Speaker 9: That is sufficient to add competitive pressure to the market

473
00:24:53,560 --> 00:24:57,760
Speaker 9: and potentially benefit customers of other banks as well as Kiwibank.

474
00:24:57,880 --> 00:25:01,320
Speaker 9: Today we are putting the major bank on notice. We

475
00:25:01,440 --> 00:25:06,880
Speaker 9: expect them to act on the Commerce Commission's recommendations, including

476
00:25:07,240 --> 00:25:11,520
Speaker 9: through improvements to the bank switching service and open banking reform.

477
00:25:11,840 --> 00:25:14,879
Speaker 9: Our message to the banks is this the time to

478
00:25:15,080 --> 00:25:18,760
Speaker 9: act is now. If you drag your heels, the government

479
00:25:18,920 --> 00:25:21,680
Speaker 9: is leaving open the possibility of further action.

480
00:25:22,280 --> 00:25:25,960
Speaker 16: So watch out. Nicholas on the wall part.

481
00:25:25,880 --> 00:25:27,359
Speaker 3: Do you think they're going to be listening to that?

482
00:25:27,480 --> 00:25:29,840
Speaker 3: I mean, in my mind, is this going to turn

483
00:25:29,920 --> 00:25:32,840
Speaker 3: Kiwi Bank from a little chihuahua, you know, yapping at

484
00:25:32,840 --> 00:25:34,440
Speaker 3: your heels into a pitbull.

485
00:25:34,680 --> 00:25:37,000
Speaker 10: While it's not going to turn it into something like

486
00:25:37,040 --> 00:25:39,600
Speaker 10: the Big four Australian banks, there's no doubt about that.

487
00:25:40,119 --> 00:25:41,280
Speaker 3: That's all talk and bluster.

488
00:25:41,720 --> 00:25:42,280
Speaker 16: No it's not.

489
00:25:42,640 --> 00:25:46,000
Speaker 10: I think you know, a capitalization of the Kiwi Bank

490
00:25:46,000 --> 00:25:49,000
Speaker 10: has been talked about for so long. Don't forget old

491
00:25:49,080 --> 00:25:49,800
Speaker 10: Jim Anderson.

492
00:25:49,880 --> 00:25:51,280
Speaker 16: I still remember.

493
00:25:50,920 --> 00:25:55,760
Speaker 10: Him opening his account opening Kiwi Bank and Michael Cullen,

494
00:25:55,800 --> 00:25:58,480
Speaker 10: who was the Finance Minister at the time, had to

495
00:25:58,520 --> 00:26:03,240
Speaker 10: be kicking and scratched, drag kicking and screaming to approve

496
00:26:03,280 --> 00:26:07,160
Speaker 10: the bank has Finance Minister. So look, this bank has

497
00:26:07,240 --> 00:26:10,639
Speaker 10: really wallowed, you'd have to say, compared to the Big four.

498
00:26:11,160 --> 00:26:15,560
Speaker 10: So hopefully with capitalization we'll see it more into business

499
00:26:15,840 --> 00:26:18,719
Speaker 10: and more into home lending, more competitively.

500
00:26:18,160 --> 00:26:22,480
Speaker 3: Good if nothing else, good for consumers. Like totally, let's

501
00:26:22,480 --> 00:26:24,959
Speaker 3: talk about this pole. So this is the latest and

502
00:26:25,080 --> 00:26:29,119
Speaker 3: last for the year taxpayer, union carrier pole and shift.

503
00:26:29,640 --> 00:26:33,080
Speaker 10: Well, you know it's fascinating again too, Ryan when you

504
00:26:33,080 --> 00:26:36,720
Speaker 10: look at National and Labor both down four and a

505
00:26:36,800 --> 00:26:38,480
Speaker 10: half percent, that's big.

506
00:26:38,760 --> 00:26:40,840
Speaker 16: Well National's on thirty.

507
00:26:40,480 --> 00:26:45,960
Speaker 10: Four points thirty four percent, the Green the Labor Party

508
00:26:46,000 --> 00:26:48,840
Speaker 10: is on just on twenty seven percent, but you know,

509
00:26:48,920 --> 00:26:50,600
Speaker 10: for a government after.

510
00:26:50,320 --> 00:26:53,040
Speaker 16: The first year, this is really low.

511
00:26:53,800 --> 00:26:57,160
Speaker 10: I can't recall a government after one year being so low.

512
00:26:57,960 --> 00:27:02,800
Speaker 10: And interestingly, the party that's made all the running, if

513
00:27:02,800 --> 00:27:08,160
Speaker 10: you like, and clearly it's doing it to damage National,

514
00:27:08,520 --> 00:27:11,480
Speaker 10: although they would never admit that. His ACT well, look

515
00:27:11,480 --> 00:27:13,600
Speaker 10: at ACT, it's up four and a half percent.

516
00:27:13,680 --> 00:27:15,160
Speaker 3: Strategy, strategy is working.

517
00:27:15,520 --> 00:27:19,359
Speaker 10: Well, it is working and David Seymour knows this. And

518
00:27:19,720 --> 00:27:23,040
Speaker 10: when he brought in the Treaty Principal's Bill, he knew

519
00:27:23,160 --> 00:27:27,240
Speaker 10: that it would lead to significant debate at painted National

520
00:27:27,280 --> 00:27:30,719
Speaker 10: into a corner. And there's a poll coming out tomorrow

521
00:27:31,160 --> 00:27:36,520
Speaker 10: that will show that New Zealanders in fact are pretty

522
00:27:36,600 --> 00:27:41,119
Speaker 10: much behind the debate and maybe a change in the

523
00:27:41,160 --> 00:27:43,040
Speaker 10: way we view the treaty.

524
00:27:42,840 --> 00:27:46,119
Speaker 3: So the question was luxe and wrong to strengthen his

525
00:27:46,240 --> 00:27:49,280
Speaker 3: narrative because he's driven four and a half percent of

526
00:27:49,280 --> 00:27:50,320
Speaker 3: his voters to ACT.

527
00:27:50,400 --> 00:27:52,720
Speaker 10: That's right, and it's going to be very hard for

528
00:27:52,840 --> 00:27:58,120
Speaker 10: him now to extract himself from that corner. And interest card, well,

529
00:27:58,119 --> 00:28:02,000
Speaker 10: if you look at the exactly this trimes a bit difficult.

530
00:28:02,119 --> 00:28:05,239
Speaker 16: But if you look at the ACT party, you know

531
00:28:05,280 --> 00:28:06,800
Speaker 16: they they really.

532
00:28:06,840 --> 00:28:11,000
Speaker 10: Are now in a prime position going well, they've got

533
00:28:11,000 --> 00:28:12,320
Speaker 10: two years to go, so we've.

534
00:28:12,160 --> 00:28:13,120
Speaker 16: Got a long way to go.

535
00:28:13,560 --> 00:28:16,520
Speaker 10: But David Seymour is very good at this day. If

536
00:28:16,560 --> 00:28:19,439
Speaker 10: there was an election held tomorrow, they would have the

537
00:28:19,480 --> 00:28:22,359
Speaker 10: same number of seats that Winston Peters had at the

538
00:28:22,400 --> 00:28:28,120
Speaker 10: first MMP election in nineteen ninety six, seventeen seats. And look,

539
00:28:28,160 --> 00:28:30,600
Speaker 10: they'll be very happy with the way they're going at

540
00:28:30,640 --> 00:28:33,120
Speaker 10: the moment. But even the old Greens, for goodness sake,

541
00:28:33,400 --> 00:28:35,480
Speaker 10: what have they done about a hell of a year?

542
00:28:36,760 --> 00:28:37,960
Speaker 16: Yeah, down one.

543
00:28:38,080 --> 00:28:40,240
Speaker 3: Eight point three they well, see they've got.

544
00:28:40,080 --> 00:28:43,360
Speaker 10: That really strong base, haven't they. Winston still above six.

545
00:28:43,680 --> 00:28:48,080
Speaker 10: But the Moldy Party, for goodness sake, they're up one seat.

546
00:28:48,400 --> 00:28:51,840
Speaker 10: They'll get one more seat in parliament, so at least

547
00:28:51,920 --> 00:28:55,280
Speaker 10: label will have a good coalition partner if they can

548
00:28:55,480 --> 00:28:56,880
Speaker 10: scrape together the Greens.

549
00:28:56,960 --> 00:28:59,000
Speaker 3: It's interesting, but I mean, I guess the thing is

550
00:28:59,040 --> 00:29:02,040
Speaker 3: and we'd probably have to move on. But sustainable are

551
00:29:02,080 --> 00:29:04,240
Speaker 3: those numbers for those minor parties? You know, once this

552
00:29:04,400 --> 00:29:06,200
Speaker 3: debate moves on, you know.

553
00:29:06,480 --> 00:29:07,440
Speaker 16: All over the place.

554
00:29:07,560 --> 00:29:10,920
Speaker 3: Basically, all right, let's finish with the boot camps opposition

555
00:29:10,960 --> 00:29:11,560
Speaker 3: to them growing?

556
00:29:11,680 --> 00:29:11,840
Speaker 11: Is it?

557
00:29:11,920 --> 00:29:12,200
Speaker 3: Fear?

558
00:29:12,480 --> 00:29:14,560
Speaker 10: I know, we haven't got much time. But look, I

559
00:29:14,600 --> 00:29:18,720
Speaker 10: saw a breathless Benedict Collins on TV one News last night,

560
00:29:19,640 --> 00:29:23,880
Speaker 10: you know, basically asking Karen sure.

561
00:29:23,920 --> 00:29:29,719
Speaker 16: Well he had us earlier. If these young offenders harmed

562
00:29:29,760 --> 00:29:31,760
Speaker 16: in New Zealanders, would she resign?

563
00:29:32,760 --> 00:29:36,200
Speaker 10: I mean, for goodness sake, if you look at all

564
00:29:36,360 --> 00:29:40,040
Speaker 10: the people that deal with young people in situations like this,

565
00:29:40,480 --> 00:29:43,400
Speaker 10: two kids running away who are little toe rags anyway

566
00:29:43,720 --> 00:29:47,080
Speaker 10: to be there in the first place. They they've obviously

567
00:29:47,120 --> 00:29:49,960
Speaker 10: not taken the chance to turn their life around. Bad

568
00:29:50,040 --> 00:29:52,479
Speaker 10: luck for them, But for the others that are staying,

569
00:29:52,800 --> 00:29:55,600
Speaker 10: good luck for them, and those that care about young

570
00:29:55,640 --> 00:29:58,080
Speaker 10: people say let them continue, and so do.

571
00:29:58,040 --> 00:30:00,000
Speaker 3: I Yeah, good on you, Barry, Thank you very much.

572
00:30:00,040 --> 00:30:02,720
Speaker 3: Much good to see you. Bary Soper, Senior political correspondent

573
00:30:02,720 --> 00:30:05,680
Speaker 3: with US. It is eight minutes away from five nine

574
00:30:05,760 --> 00:30:08,440
Speaker 3: to nine two is the number to text back in

575
00:30:08,480 --> 00:30:08,840
Speaker 3: a minute.

576
00:30:09,560 --> 00:30:13,480
Speaker 1: Putting the tough questions to the newspakers the mic hasking breakfast.

577
00:30:13,520 --> 00:30:15,520
Speaker 15: Former Boss of Business New Zealand Filer Ralli was on

578
00:30:15,560 --> 00:30:17,200
Speaker 15: the Welfare Expert Advisory Group.

579
00:30:17,240 --> 00:30:19,280
Speaker 17: Do we do what Labor and the Greens want us

580
00:30:19,280 --> 00:30:20,840
Speaker 17: to do and we shut these boot camps down?

581
00:30:20,920 --> 00:30:23,080
Speaker 18: Of course, not actually they work. I was a sponsor

582
00:30:23,160 --> 00:30:25,280
Speaker 18: one in the John Key government. Polly at the end

583
00:30:25,320 --> 00:30:27,720
Speaker 18: of it, these said their life change for the better.

584
00:30:27,840 --> 00:30:29,880
Speaker 11: Does this suggest to you that perhaps what needs to

585
00:30:29,920 --> 00:30:32,200
Speaker 11: happen here is that whatever the wrap around is that

586
00:30:32,360 --> 00:30:34,480
Speaker 11: happens wills the back in the community that needs to

587
00:30:34,480 --> 00:30:35,120
Speaker 11: be beefed up.

588
00:30:35,240 --> 00:30:37,120
Speaker 18: Absolutely the figure she got some of these that are

589
00:30:37,120 --> 00:30:39,280
Speaker 18: just going to go back to whatever they went beforehand,

590
00:30:39,320 --> 00:30:41,200
Speaker 18: and then Saily I didn't get this something many to

591
00:30:41,320 --> 00:30:43,920
Speaker 18: put the ministry were all that's supportive of the whole process,

592
00:30:43,920 --> 00:30:46,040
Speaker 18: so they were necessarily leaning into making the kinds of

593
00:30:46,120 --> 00:30:47,600
Speaker 18: changes of the necessary.

594
00:30:47,160 --> 00:30:50,880
Speaker 1: There either duplessy Ellen on the mic asking breakfasts back

595
00:30:50,920 --> 00:30:54,000
Speaker 1: tomorrow at six am with the Jaguar f base on

596
00:30:54,120 --> 00:30:55,000
Speaker 1: news talks. There'd be.

597
00:30:56,800 --> 00:30:59,440
Speaker 3: News talks. They'd be just gone five away from five.

598
00:30:59,720 --> 00:31:02,000
Speaker 3: Great to have your company this afternoon. Lots of texts

599
00:31:02,040 --> 00:31:03,560
Speaker 3: coming in. I'll get to some of that in a second.

600
00:31:03,560 --> 00:31:06,520
Speaker 3: On crime, but just very quickly, this is from Professor

601
00:31:06,560 --> 00:31:09,720
Speaker 3: Mark Wilson at Victoria University in response to why is

602
00:31:09,760 --> 00:31:13,640
Speaker 3: it that all of the world hates Christopher Luxon. I mean,

603
00:31:13,640 --> 00:31:15,840
Speaker 3: if you go into some corners of the Internet that

604
00:31:15,920 --> 00:31:18,080
Speaker 3: is what people are saying. Right, they hate Christopher Luxon.

605
00:31:18,760 --> 00:31:21,120
Speaker 3: But this is from the Sunday Star Times. Professor Mark

606
00:31:21,160 --> 00:31:24,880
Speaker 3: Wilson of Victoria University, who has studied political preference in

607
00:31:24,960 --> 00:31:30,240
Speaker 3: social psychology for years, says, even referring to himself as

608
00:31:30,320 --> 00:31:36,160
Speaker 3: Christopher was emotionally distancing him from voters and affecting his likability.

609
00:31:36,680 --> 00:31:40,479
Speaker 3: You don't call someone like Christopher unless they're insistent, and

610
00:31:40,520 --> 00:31:43,400
Speaker 3: then it feels weird, he says, I mean, honestly, is

611
00:31:43,520 --> 00:31:47,440
Speaker 3: this the caliber of debate that we're going to be having?

612
00:31:47,600 --> 00:31:49,400
Speaker 3: Should we calling you Ry Ryan?

613
00:31:49,440 --> 00:31:51,480
Speaker 16: I'd hate for you to be emotionally distant from your listeners.

614
00:31:51,600 --> 00:31:55,520
Speaker 3: Honestly today who writes this? I mean, this is why

615
00:31:55,760 --> 00:31:59,960
Speaker 3: you know Judith Collins took a sledgehammer to those humanities,

616
00:32:00,120 --> 00:32:03,320
Speaker 3: social sciences, the Marsden Fund. Judge Judy, this is why

617
00:32:04,080 --> 00:32:06,760
Speaker 3: she is sick of this kind of crap. She said

618
00:32:06,880 --> 00:32:10,360
Speaker 3: enough anyway. The article goes on, I could read more

619
00:32:10,360 --> 00:32:12,960
Speaker 3: about other things. You'll be wasting your time and mine

620
00:32:13,000 --> 00:32:16,280
Speaker 3: four minutes away from five on news talks. He'd be right.

621
00:32:16,400 --> 00:32:20,680
Speaker 3: Lots of feedback on the pole that's come in accent

622
00:32:20,760 --> 00:32:23,600
Speaker 3: proved polling shows that Seymour is right about one thing.

623
00:32:23,840 --> 00:32:26,000
Speaker 3: The New Zealanders that work, pay their bills and just

624
00:32:26,040 --> 00:32:27,680
Speaker 3: get on with life are sick and tired of the

625
00:32:27,760 --> 00:32:30,720
Speaker 3: special treatment based on race. I'm more than happy for

626
00:32:30,800 --> 00:32:33,480
Speaker 3: a special treatment based on need, but not on race,

627
00:32:33,680 --> 00:32:37,200
Speaker 3: says Lance Killed a Ryan. Why doesn't the government put

628
00:32:37,200 --> 00:32:40,360
Speaker 3: the money into upgrading kiwibanks software and then run all

629
00:32:40,400 --> 00:32:44,400
Speaker 3: government transactions through it instead of west Pac? That is

630
00:32:44,400 --> 00:32:46,520
Speaker 3: an interesting question because all of the government business does

631
00:32:46,560 --> 00:32:49,440
Speaker 3: go through Westpac. If you're just joining us, the government

632
00:32:49,440 --> 00:32:51,800
Speaker 3: announcing this afternoon what it's going to do the whack

633
00:32:51,840 --> 00:32:54,720
Speaker 3: the big banks, and that involves beefing up Kiwi Bank.

634
00:32:55,200 --> 00:32:58,320
Speaker 3: Nikola willis with us Live after six, Sam stubs here

635
00:32:58,600 --> 00:32:59,440
Speaker 3: after five.

636
00:33:00,800 --> 00:33:17,480
Speaker 12: O the only drive show you can trust to ask

637
00:33:17,520 --> 00:33:18,680
Speaker 12: the questions.

638
00:33:18,320 --> 00:33:21,760
Speaker 2: Get the answers, by the facts and give the analysis.

639
00:33:21,960 --> 00:33:25,840
Speaker 1: Ryan Bridge on heither Dupless Ellen Drive with one New Zealand.

640
00:33:26,000 --> 00:33:28,440
Speaker 2: Let's get connected. News Talk said, be.

641
00:33:30,160 --> 00:33:32,320
Speaker 3: Good evening, it is seven after five. News Talk said

642
00:33:32,320 --> 00:33:34,480
Speaker 3: the I'm Ryan Bridge in for Heather. Great to have

643
00:33:34,560 --> 00:33:36,440
Speaker 3: you with me this evening. Cabinet has agreed to make

644
00:33:36,520 --> 00:33:39,640
Speaker 3: Kibibank more competitive than beefing it up with a five

645
00:33:39,720 --> 00:33:43,960
Speaker 3: hundred million dollar capital injection. Queibank parent company Kiwi Group

646
00:33:44,040 --> 00:33:47,000
Speaker 3: Capital and Treasury have been instructed to talk to potential investors.

647
00:33:47,000 --> 00:33:50,240
Speaker 3: These could include Kiwi Saber funds. They could in include

648
00:33:50,600 --> 00:33:52,880
Speaker 3: pension funds, et cetera, but the government has ruled out

649
00:33:52,920 --> 00:33:57,240
Speaker 3: selling off it's Kiwibank shares. The Finance Minister Nichola Willis

650
00:33:57,320 --> 00:33:59,600
Speaker 3: is with me after six for now, Sam Stubbs is

651
00:33:59,640 --> 00:34:02,800
Speaker 3: the under of simplicity, the key we save a fund, Sam,

652
00:34:02,840 --> 00:34:06,920
Speaker 3: Good evening, Good evening does this well? First of all,

653
00:34:06,960 --> 00:34:08,800
Speaker 3: your reaction to the announcement.

654
00:34:09,560 --> 00:34:11,760
Speaker 19: Oh look, I think it's a very sensible first step

655
00:34:11,800 --> 00:34:14,200
Speaker 19: towards getting q Bank to be the bank it could be,

656
00:34:14,280 --> 00:34:17,320
Speaker 19: which is basically as big as the Aussie banks and

657
00:34:17,920 --> 00:34:21,399
Speaker 19: really bringing serious competition to the market. So first of all,

658
00:34:21,400 --> 00:34:22,960
Speaker 19: what they need to do is raise I think five

659
00:34:23,040 --> 00:34:25,680
Speaker 19: hundred million sounds round about the right amount of money,

660
00:34:25,920 --> 00:34:28,279
Speaker 19: and they need to inject that is new money into

661
00:34:28,320 --> 00:34:32,840
Speaker 19: Kiwibank to make it stronger. Clearly has other things to

662
00:34:32,880 --> 00:34:36,600
Speaker 19: spend its money on, so it'll come to people like

663
00:34:36,680 --> 00:34:37,239
Speaker 19: us and us for.

664
00:34:37,239 --> 00:34:39,120
Speaker 3: That money, will you invest?

665
00:34:41,239 --> 00:34:44,680
Speaker 19: I think we're highly likely to if the price is right.

666
00:34:44,719 --> 00:34:47,000
Speaker 19: I mean, we'll take it very seriously because if you

667
00:34:47,000 --> 00:34:49,920
Speaker 19: think about the banking industry, it is a profitable industry.

668
00:34:50,200 --> 00:34:53,319
Speaker 19: Banks are good investments long term. This would be you

669
00:34:53,320 --> 00:34:55,520
Speaker 19: would be getting an opportunity to get in early, as

670
00:34:55,520 --> 00:34:58,960
Speaker 19: it were, and then you know, you would normally assume

671
00:34:59,080 --> 00:35:01,680
Speaker 19: after this that the ultimately would be listed on the

672
00:35:01,719 --> 00:35:05,920
Speaker 19: stock exchange and mum and dad KIWI investors would get

673
00:35:05,920 --> 00:35:07,759
Speaker 19: that chance as well. I do like the fact that

674
00:35:07,800 --> 00:35:10,680
Speaker 19: they're effectively restricting it to New Zealand investors so that

675
00:35:10,719 --> 00:35:13,640
Speaker 19: the kiwibank stays Kiwi. That makes perfect sense. And there's

676
00:35:13,680 --> 00:35:15,520
Speaker 19: plenty of money in the market now Ryan to do this.

677
00:35:15,600 --> 00:35:17,960
Speaker 19: You know, k we keep several funds alone, have got

678
00:35:18,120 --> 00:35:20,440
Speaker 19: around about one hundred and twenty billion dollars.

679
00:35:20,840 --> 00:35:23,120
Speaker 3: Is there five hundred million dollars floating around in there

680
00:35:23,640 --> 00:35:24,600
Speaker 3: to fund it?

681
00:35:25,680 --> 00:35:26,120
Speaker 6: Oh?

682
00:35:26,160 --> 00:35:27,960
Speaker 19: Look, I would have thought easily. I mean, if you

683
00:35:28,000 --> 00:35:30,200
Speaker 19: add up one hundred and twenty billion from kiwisaver, if

684
00:35:30,239 --> 00:35:33,520
Speaker 19: you add up ACC, if you take NZC, but that's

685
00:35:33,520 --> 00:35:35,680
Speaker 19: about another one hundred and twenty hundred and twenty billion dollars,

686
00:35:35,719 --> 00:35:38,880
Speaker 19: and you've got EWI, you've got other institutional investors. So

687
00:35:39,320 --> 00:35:41,000
Speaker 19: if the price is right, I would have thought it

688
00:35:41,000 --> 00:35:43,479
Speaker 19: would be relatively easy to raise five hundred million dollars.

689
00:35:43,520 --> 00:35:45,600
Speaker 19: I mean, you know, these things take time. You've got

690
00:35:45,640 --> 00:35:49,239
Speaker 19: to go through a process. But this should be a

691
00:35:49,239 --> 00:35:50,800
Speaker 19: good investment at the right price.

692
00:35:51,160 --> 00:35:54,240
Speaker 3: Will you, and the way you're talking makes me think basically,

693
00:35:54,239 --> 00:35:55,960
Speaker 3: you guys will get that. Those who can, who are

694
00:35:55,960 --> 00:35:57,839
Speaker 3: allowed to come early, will get a deal, and those

695
00:35:57,960 --> 00:36:01,640
Speaker 3: have to wait till the stock exchange listing will pay more.

696
00:36:02,719 --> 00:36:05,319
Speaker 19: Oh not necessarily, no, I think. I mean if it went,

697
00:36:05,400 --> 00:36:07,400
Speaker 19: if it went to a stock exchange listing what we

698
00:36:07,440 --> 00:36:11,160
Speaker 19: call an IPO, typically everyone who invests there it gets

699
00:36:11,160 --> 00:36:13,680
Speaker 19: a good deal. You saw that with the power companies

700
00:36:13,680 --> 00:36:17,920
Speaker 19: when they listed so but that'll be years off rhyme. Basically, basically,

701
00:36:17,960 --> 00:36:20,759
Speaker 19: it will take years for kV Saber, for kV Bank

702
00:36:20,800 --> 00:36:22,800
Speaker 19: to beef up. It does take time. You've got to

703
00:36:22,800 --> 00:36:24,960
Speaker 19: absorb that money, you've got to make new loans, all

704
00:36:25,000 --> 00:36:26,840
Speaker 19: that sort of stuff takes time. But this is a

705
00:36:26,880 --> 00:36:28,880
Speaker 19: really important and I think pretty significant.

706
00:36:28,960 --> 00:36:31,720
Speaker 3: First step is your reading of it. When Nicola Willis

707
00:36:31,719 --> 00:36:34,440
Speaker 3: says to the big banks, watch out, There'll be more

708
00:36:34,480 --> 00:36:38,000
Speaker 3: to come unless you play ball, is your reading of it?

709
00:36:38,040 --> 00:36:40,680
Speaker 3: That she means listed on the stock Extraine. That's the

710
00:36:40,719 --> 00:36:43,920
Speaker 3: next sort of step if you don't buck up your ideas. Boys.

711
00:36:44,640 --> 00:36:47,200
Speaker 19: Yeah, look, I read that slightly differently. I read that

712
00:36:47,239 --> 00:36:50,160
Speaker 19: there's Look, there were fourteen recommendations. You're now on formal

713
00:36:50,239 --> 00:36:52,239
Speaker 19: notice that you've got to take these things seriously, make

714
00:36:52,239 --> 00:36:55,160
Speaker 19: them happen. This is emphatical warning as I've ever seen

715
00:36:55,520 --> 00:36:58,920
Speaker 19: from any politician to the big banks that unless you

716
00:36:59,000 --> 00:37:01,319
Speaker 19: shape up, they'll be truble and I think I mean

717
00:37:01,440 --> 00:37:04,240
Speaker 19: the bank the big banks would be fulls to to

718
00:37:04,239 --> 00:37:07,600
Speaker 19: to to you know, ignore this. This is this is

719
00:37:07,640 --> 00:37:09,640
Speaker 19: the Prime Minister and the Minister of Fine standing up

720
00:37:09,680 --> 00:37:13,040
Speaker 19: saying okay, games up. Now here are the recommendations. You've

721
00:37:13,040 --> 00:37:15,359
Speaker 19: got to make them happen. Remember, the only the only

722
00:37:15,600 --> 00:37:18,040
Speaker 19: person who can seriously do damage to the big banks

723
00:37:18,040 --> 00:37:20,200
Speaker 19: in New Zealand is the government because they've got they've

724
00:37:20,239 --> 00:37:24,200
Speaker 19: got regulation powers. So I think this is this is

725
00:37:24,480 --> 00:37:27,640
Speaker 19: really really formal warning to them that you've got to

726
00:37:28,080 --> 00:37:32,280
Speaker 19: allow competition in New Zealand because the commis COMPISSI Commas

727
00:37:32,320 --> 00:37:35,280
Speaker 19: Commission very emphatically said that the banks were weren't allowing

728
00:37:35,280 --> 00:37:35,960
Speaker 19: competition in.

729
00:37:36,719 --> 00:37:41,440
Speaker 3: Sam Stubbs simplicity. Just go on eleven after five, Chaplin.

730
00:37:41,480 --> 00:37:44,160
Speaker 3: Theori are waking up right now to a completely different

731
00:37:44,440 --> 00:37:47,120
Speaker 3: and changed country. They're celebrating the fall of It's a

732
00:37:47,160 --> 00:37:50,280
Speaker 3: long time president, but Cher Alissade, who has fled to Russia.

733
00:37:50,320 --> 00:37:53,680
Speaker 3: He's now basically an asylum seeker in Moscow. And there

734
00:37:53,719 --> 00:37:56,120
Speaker 3: are emotional scenes coming out of one of the country's

735
00:37:56,200 --> 00:38:01,399
Speaker 3: most notorious prisons where prisoners have been freed. They're families reunited.

736
00:38:01,719 --> 00:38:05,120
Speaker 3: Robert Ford was the US ambassador to Syria and he

737
00:38:05,200 --> 00:38:07,000
Speaker 3: joins us now, great having you on the program.

738
00:38:08,440 --> 00:38:09,719
Speaker 11: It's my pleasure to be with you.

739
00:38:10,320 --> 00:38:12,719
Speaker 3: Let's start with how quickly this happened? How did we

740
00:38:12,760 --> 00:38:13,520
Speaker 3: not see it coming?

741
00:38:15,719 --> 00:38:22,239
Speaker 11: I think because the Syrian Civil War had greatly diminished

742
00:38:22,320 --> 00:38:27,720
Speaker 11: levels of violence, and the lines of control didn't change much,

743
00:38:28,200 --> 00:38:32,560
Speaker 11: and Asad controlled all of the major cities, and the

744
00:38:32,560 --> 00:38:36,319
Speaker 11: opposition was making no significant gains on the ground over

745
00:38:36,360 --> 00:38:38,799
Speaker 11: a period of years. So it just appeared that the

746
00:38:38,800 --> 00:38:41,160
Speaker 11: civil war bit by bit was winding down.

747
00:38:42,280 --> 00:38:45,120
Speaker 3: And yet we say he was in control of these areas.

748
00:38:45,120 --> 00:38:46,200
Speaker 3: He clearly wasn't.

749
00:38:47,440 --> 00:38:47,680
Speaker 8: Well.

750
00:38:47,719 --> 00:38:50,160
Speaker 11: I think in a sense he was, but his control

751
00:38:50,280 --> 00:38:54,600
Speaker 11: was very brittle, and so when pushed. That is to say,

752
00:38:54,760 --> 00:38:59,280
Speaker 11: like when a serious armed opposition attack came, his soldiers

753
00:38:59,280 --> 00:39:01,960
Speaker 11: didn't stand and fight. Instead, they ran away.

754
00:39:02,560 --> 00:39:05,160
Speaker 3: Biden, it seems to be taking some form of credit

755
00:39:05,280 --> 00:39:08,640
Speaker 3: for what's happened there, saying that the US strategy on

756
00:39:09,360 --> 00:39:11,799
Speaker 3: Russia and Iran is having an effect. To you by that.

757
00:39:13,120 --> 00:39:17,520
Speaker 11: Now, it's well, I should I shouldn't be so categoric.

758
00:39:18,560 --> 00:39:21,880
Speaker 11: The Americans were not helping Ukraine in it any way

759
00:39:22,200 --> 00:39:26,400
Speaker 11: because of Syria. It's sort of a happy coincidence that

760
00:39:26,440 --> 00:39:27,719
Speaker 11: it worked out that way.

761
00:39:27,760 --> 00:39:31,480
Speaker 3: Product And similarly, when.

762
00:39:31,480 --> 00:39:36,520
Speaker 11: The Israelis really bloodied his Bullah in Lebanon, they weren't

763
00:39:36,600 --> 00:39:41,080
Speaker 11: doing it because of Syrians or to help Syrians get

764
00:39:41,239 --> 00:39:44,840
Speaker 11: rid of an awful, brutal dictator. The Israelis could have

765
00:39:44,880 --> 00:39:47,719
Speaker 11: bloodied his Bulah years earlier if that's what they were

766
00:39:47,719 --> 00:39:53,960
Speaker 11: interested in. Instead, it's just a happy coincidence out of

767
00:39:54,040 --> 00:39:56,640
Speaker 11: what was going on in the Lebanon War, which in

768
00:39:56,680 --> 00:39:58,240
Speaker 11: itself was connected to Kaza.

769
00:39:58,600 --> 00:40:02,160
Speaker 3: You've lived here between two thousand and eleven twenty twelve,

770
00:40:02,160 --> 00:40:04,640
Speaker 3: before the embassy was closed, that the US embassy was closed,

771
00:40:04,800 --> 00:40:08,040
Speaker 3: you were the US ambassador to Syria. What happens next

772
00:40:08,120 --> 00:40:11,160
Speaker 3: we've seen when dictators full like you know Saddami saying

773
00:40:11,160 --> 00:40:14,120
Speaker 3: in Iraq, what happens afterwards? What do you think is

774
00:40:14,160 --> 00:40:14,959
Speaker 3: going to happen next?

775
00:40:17,640 --> 00:40:20,280
Speaker 11: I know what I hope, which is that the armed

776
00:40:20,280 --> 00:40:25,560
Speaker 11: opposition factions and the political groups that are behind them

777
00:40:26,280 --> 00:40:29,279
Speaker 11: will come together in some kind of a broad coalition

778
00:40:29,600 --> 00:40:34,799
Speaker 11: government and as a transitional government and be able to

779
00:40:34,880 --> 00:40:37,759
Speaker 11: rule the country, perhaps with something like a ruling counselor

780
00:40:37,880 --> 00:40:41,439
Speaker 11: or a ruling a trio or I don't know what.

781
00:40:41,520 --> 00:40:43,320
Speaker 11: The Syrians are going to have to work that out.

782
00:40:43,680 --> 00:40:47,000
Speaker 11: My worry, of course, is that instead of coming together

783
00:40:47,160 --> 00:40:50,719
Speaker 11: in an inclusive coalition, they'll start fighting each other now

784
00:40:50,760 --> 00:40:53,520
Speaker 11: that they no longer have a common enemy. And that's

785
00:40:53,840 --> 00:40:57,240
Speaker 11: that would be something closer to example Libya.

786
00:40:58,080 --> 00:40:59,960
Speaker 3: And that's not something we want to repeat. Robert Ford,

787
00:41:00,000 --> 00:41:01,759
Speaker 3: thank you very much for your time. Robert Ford was

788
00:41:01,800 --> 00:41:04,759
Speaker 3: the US ambassador to Syria. He was there from twenty

789
00:41:04,760 --> 00:41:06,799
Speaker 3: eleven until the embassy was closed, as you heard me

790
00:41:06,840 --> 00:41:11,719
Speaker 3: say in twenty twelve, continued as ambassador, though in absentire

791
00:41:11,800 --> 00:41:15,600
Speaker 3: until twenty fourteen. Interesting he mentioned Libya and Gaddafi. You know,

792
00:41:15,640 --> 00:41:18,759
Speaker 3: there's Arakan Saddam who's saying what does come next once

793
00:41:18,800 --> 00:41:22,680
Speaker 3: you topple a dictator. Sure there is celebration, there's relief,

794
00:41:23,320 --> 00:41:26,759
Speaker 3: but what comes next? News Talk said bb Choice is good,

795
00:41:26,840 --> 00:41:28,840
Speaker 3: isn't it? At least that's what we've all been told.

796
00:41:28,880 --> 00:41:31,280
Speaker 3: But if you're anything like me, sometimes too much choice

797
00:41:31,320 --> 00:41:33,880
Speaker 3: can be a little bit overwhelming, especially when you're talking

798
00:41:34,000 --> 00:41:36,680
Speaker 3: about a small business with one thousand and one decisions

799
00:41:36,719 --> 00:41:38,840
Speaker 3: to make. So to make life a little bit easier,

800
00:41:38,920 --> 00:41:42,200
Speaker 3: One New Zealand have created two brilliantly simple broadband plans

801
00:41:42,360 --> 00:41:44,480
Speaker 3: to take the hassle out of keeping your business connected.

802
00:41:44,760 --> 00:41:47,000
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803
00:41:47,040 --> 00:41:49,400
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804
00:41:49,480 --> 00:41:53,799
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805
00:41:53,840 --> 00:41:57,280
Speaker 3: anyone doing business today. And both plans come with unlimited

806
00:41:57,440 --> 00:42:00,600
Speaker 3: data plus a smart Wi Fi modem that means greater

807
00:42:00,680 --> 00:42:04,080
Speaker 3: control over your network and better security to help keep

808
00:42:04,080 --> 00:42:06,480
Speaker 3: your business safe. Best of all, and you'll like the

809
00:42:06,520 --> 00:42:08,960
Speaker 3: sound of this, it's simple to set up and manage

810
00:42:08,960 --> 00:42:11,960
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811
00:42:12,000 --> 00:42:16,160
Speaker 3: business for broadband that's perfect for busy businesses. That's One

812
00:42:16,200 --> 00:42:20,600
Speaker 3: New Zealand Business online, Ryan Bridge, Racing Minister. At eighteen

813
00:42:20,600 --> 00:42:23,640
Speaker 3: minutes after five, Racing Minister Winston Peters wants to stop

814
00:42:23,719 --> 00:42:27,239
Speaker 3: the leakage of betting money to offshore gambling operators. He's

815
00:42:27,239 --> 00:42:29,760
Speaker 3: going to change the law and extend the tab's current

816
00:42:29,960 --> 00:42:33,839
Speaker 3: land based monopoly for sports and racing betting to online,

817
00:42:33,920 --> 00:42:37,319
Speaker 3: so to be land and online. Nick Roberts is the

818
00:42:37,440 --> 00:42:39,840
Speaker 3: TAB CEO. Welcome to the show, Nick, great.

819
00:42:39,640 --> 00:42:41,480
Speaker 20: Having on, great to be here.

820
00:42:41,520 --> 00:42:42,520
Speaker 21: Thanks very much for having us.

821
00:42:42,600 --> 00:42:45,440
Speaker 3: Congratulations you've essentially just won the lottery, have you not.

822
00:42:47,480 --> 00:42:51,200
Speaker 21: Yeah, Look, we're really spoked with the decision from the government.

823
00:42:51,640 --> 00:42:54,040
Speaker 21: It enables the support and growth of racing and sport

824
00:42:54,080 --> 00:42:56,520
Speaker 21: in New Zealand, which is really what we're about here

825
00:42:56,520 --> 00:42:57,440
Speaker 21: at Gaving New Zealand.

826
00:42:57,520 --> 00:43:00,120
Speaker 3: How much extra revenue will this bring you?

827
00:43:00,960 --> 00:43:05,040
Speaker 21: Oh look, it's kind of significant over the course of history, right,

828
00:43:05,080 --> 00:43:08,000
Speaker 21: I mean, this is about setting up racing for the

829
00:43:08,000 --> 00:43:11,400
Speaker 21: long term. It's an economically significant part of New Zealand

830
00:43:11,840 --> 00:43:15,120
Speaker 21: and obviously sports is an iconic part of our country

831
00:43:15,120 --> 00:43:17,879
Speaker 21: as well. And you know, the Paris results this year

832
00:43:18,280 --> 00:43:20,360
Speaker 21: probably highlight that better than anything.

833
00:43:20,920 --> 00:43:23,240
Speaker 3: One hundred and eighty million dollars was lost by keywis

834
00:43:23,239 --> 00:43:27,279
Speaker 3: to offshore betting from customer losses. Does that mean that

835
00:43:27,320 --> 00:43:29,560
Speaker 3: you will pick up hopefully, you know, an excess of

836
00:43:29,600 --> 00:43:30,640
Speaker 3: one hundred million dollars.

837
00:43:32,080 --> 00:43:32,279
Speaker 8: Yeah.

838
00:43:32,320 --> 00:43:35,040
Speaker 21: I mean it's obviously operational costs that come into that

839
00:43:35,080 --> 00:43:39,239
Speaker 21: as well, Ryan, but you know, there's no doubt that

840
00:43:39,239 --> 00:43:43,120
Speaker 21: that's a growing trend that's been significant among those under

841
00:43:43,160 --> 00:43:45,520
Speaker 21: thirty five. It's now the percent of the New Zealand

842
00:43:45,560 --> 00:43:49,160
Speaker 21: betting market. So bringing it back into the New Zealand environment,

843
00:43:49,200 --> 00:43:51,879
Speaker 21: we think is a great outcome, not only for those

844
00:43:51,920 --> 00:43:55,520
Speaker 21: funding outcomes you're talking about, but really to boost minimization,

845
00:43:56,280 --> 00:43:59,400
Speaker 21: making sure that that activity is in a safe and regulated.

846
00:43:59,040 --> 00:44:03,080
Speaker 3: Environment like that. I know your your intentions of what

847
00:44:03,120 --> 00:44:05,160
Speaker 3: you will do with that revenue, that extra revenue, but

848
00:44:05,560 --> 00:44:08,040
Speaker 3: can you just explain to us exactly how it will work.

849
00:44:08,080 --> 00:44:11,239
Speaker 3: At the moment, are young people basically using any old

850
00:44:11,239 --> 00:44:15,120
Speaker 3: offshore website to bet on sports and once this change

851
00:44:15,160 --> 00:44:17,680
Speaker 3: comes in, you will have the jurisdiction here what is

852
00:44:17,719 --> 00:44:20,200
Speaker 3: to stop these young people from continuing to use their

853
00:44:20,200 --> 00:44:24,800
Speaker 3: preferred overseas? You know, market look.

854
00:44:24,600 --> 00:44:27,160
Speaker 21: At a really great question and they are always going

855
00:44:27,200 --> 00:44:30,200
Speaker 21: to be those that probably have the technical will to

856
00:44:30,600 --> 00:44:33,279
Speaker 21: get around these things, But we don't think that's going

857
00:44:33,320 --> 00:44:34,920
Speaker 21: to be a high number of people. We think most

858
00:44:35,000 --> 00:44:40,480
Speaker 21: people you know, will will anticipate with the local operator,

859
00:44:40,880 --> 00:44:43,080
Speaker 21: and we know that these global brands will want to

860
00:44:43,120 --> 00:44:46,759
Speaker 21: make sure that they stay trusted in the places where

861
00:44:46,800 --> 00:44:49,720
Speaker 21: they will still be permitted to operate. And we'll comply

862
00:44:49,719 --> 00:44:51,399
Speaker 21: with the New Zealand law and won't let people sign

863
00:44:51,480 --> 00:44:53,920
Speaker 21: up to account when they say they're from New Zealand.

864
00:44:54,120 --> 00:44:55,960
Speaker 3: What sort of punishment do you think they should get

865
00:44:56,000 --> 00:45:00,200
Speaker 3: if they don't abide by what Winston Peters tells them.

866
00:45:00,600 --> 00:45:03,120
Speaker 21: Look, it's ultimately a question for the government at the stage.

867
00:45:03,800 --> 00:45:06,719
Speaker 21: We do expect them to comply as they say. The

868
00:45:08,160 --> 00:45:11,680
Speaker 21: large majorities off sure operators are big global companies and

869
00:45:12,440 --> 00:45:15,959
Speaker 21: they have reputations to uphold them and several jurisdictions around

870
00:45:16,000 --> 00:45:16,319
Speaker 21: the world.

871
00:45:17,080 --> 00:45:20,759
Speaker 3: Nick, I keep getting advertising for Bitcher, which I know

872
00:45:21,040 --> 00:45:23,600
Speaker 3: comes under you guys. Why am I getting that? I

873
00:45:23,600 --> 00:45:25,759
Speaker 3: don't bet so? Why am I getting the advertising? Is

874
00:45:25,760 --> 00:45:29,400
Speaker 3: it because I'm allegedly on the younger side?

875
00:45:31,440 --> 00:45:34,200
Speaker 21: Look, Bitch is a really fun new brand that our

876
00:45:34,239 --> 00:45:36,520
Speaker 21: partners in to have delivered to the New Zealand market.

877
00:45:36,520 --> 00:45:40,239
Speaker 21: Are distinctive key We site. What that Butcher is trying

878
00:45:40,239 --> 00:45:42,680
Speaker 21: to do is to make sure that when faced with

879
00:45:42,719 --> 00:45:45,919
Speaker 21: the opportunity to bet with the local operator, that people

880
00:45:45,920 --> 00:45:48,640
Speaker 21: aren't turned off by the pretavy brand, which for some

881
00:45:48,800 --> 00:45:55,160
Speaker 21: unfortunately has become a little bit outdated or part of

882
00:45:55,200 --> 00:45:57,319
Speaker 21: their sort of maybe their father's brand. So they want

883
00:45:57,360 --> 00:46:00,239
Speaker 21: to try something new and exciting. So yeah, we're have

884
00:46:00,360 --> 00:46:02,399
Speaker 21: to see Betcher into the market, and we think it's

885
00:46:02,400 --> 00:46:04,279
Speaker 21: doing and doing them things.

886
00:46:03,800 --> 00:46:05,800
Speaker 3: Brilliant, Nick, Thank you very much for that. Nick Roberts

887
00:46:05,960 --> 00:46:10,040
Speaker 3: is the TAB CEO Winston Peters basically trying to block

888
00:46:10,239 --> 00:46:13,400
Speaker 3: the rest of the world from offering gambling to especially

889
00:46:13,440 --> 00:46:16,719
Speaker 3: young people who like to gamble online, making it exclusively

890
00:46:16,760 --> 00:46:19,640
Speaker 3: the right of TAB to do that. Ryan Lowell, it's

891
00:46:19,640 --> 00:46:22,440
Speaker 3: called a VPN. This guy is dreaming, this says one

892
00:46:22,480 --> 00:46:25,640
Speaker 3: of our texters. Just now people. Basically, the people can

893
00:46:25,640 --> 00:46:28,680
Speaker 3: get around these kind of blocks, which I guess you can.

894
00:46:29,160 --> 00:46:32,160
Speaker 3: But if the TAB is offering it, why wouldn't you

895
00:46:32,160 --> 00:46:34,239
Speaker 3: just use the tab? Is it going to be more

896
00:46:34,280 --> 00:46:37,520
Speaker 3: expensive for you? Ryan? The TAB is concerned about gambling,

897
00:46:37,600 --> 00:46:42,480
Speaker 3: so they just so people should just gamble through us. Yeah,

898
00:46:42,520 --> 00:46:43,840
Speaker 3: I get it, I get it. There's a little bit

899
00:46:43,840 --> 00:46:46,279
Speaker 3: of irony in that it is twenty three after five

900
00:46:46,360 --> 00:46:48,160
Speaker 3: News Talk SIBB on.

901
00:46:48,040 --> 00:46:50,600
Speaker 1: Your smart speaker, on the iHeart app, and in your

902
00:46:50,640 --> 00:46:54,000
Speaker 1: car on your drive home it's Ryan Bridge on Heather

903
00:46:54,120 --> 00:46:57,239
Speaker 1: Duper see Alan Dry with one New Zealand let's get

904
00:46:57,239 --> 00:46:59,120
Speaker 1: connected and News Talk zib.

905
00:46:58,840 --> 00:47:01,239
Speaker 3: B twenty five to five TV and Z's got a

906
00:47:01,280 --> 00:47:03,880
Speaker 3: pole coming out tonight. Be interesting to see if it

907
00:47:03,920 --> 00:47:06,439
Speaker 3: backs up what that Freshwater Post pole said last week.

908
00:47:07,120 --> 00:47:11,240
Speaker 3: It put Hipkins ahead of Luxen, I know. And since

909
00:47:11,280 --> 00:47:15,279
Speaker 3: then everybody's talking about it. Everybody's talking about Luxen's popularity,

910
00:47:15,320 --> 00:47:17,920
Speaker 3: all lack thereof. Matthew Houghton have you read his columns

911
00:47:17,920 --> 00:47:20,719
Speaker 3: in the Herald, has been taking strips chunks out of

912
00:47:20,760 --> 00:47:26,319
Speaker 3: the Prime Minister's armor. Why well, it's the number, isn't it.

913
00:47:26,320 --> 00:47:28,120
Speaker 3: It's the number. It's the fact that the leader of

914
00:47:28,160 --> 00:47:30,600
Speaker 3: the opposition is the head of the Prime minister after

915
00:47:30,719 --> 00:47:34,200
Speaker 3: only what a year in office? I reckon, though, here's

916
00:47:34,200 --> 00:47:36,200
Speaker 3: the thing. If it was Hipkins in charge right now,

917
00:47:36,239 --> 00:47:39,239
Speaker 3: let's imagine an alternative universe for a second. If it

918
00:47:39,280 --> 00:47:41,560
Speaker 3: was Hipkins in charge, he'd won the election. He'd be

919
00:47:41,640 --> 00:47:46,080
Speaker 3: disliked as much, probably, if not more than Luckson. Why well,

920
00:47:46,440 --> 00:47:49,200
Speaker 3: people don't like politicians at the moment. They screwed us

921
00:47:49,200 --> 00:47:52,040
Speaker 3: on COVID, they helped crash the economy in conjunction with

922
00:47:52,040 --> 00:47:55,480
Speaker 3: the Reserve Bank. They made us feel broken poor. Look

923
00:47:55,520 --> 00:47:58,120
Speaker 3: no further than the UK with Starma or Australia with Elbow.

924
00:47:58,160 --> 00:48:00,719
Speaker 3: They just had a poll out today. Aristra correspondent told

925
00:48:00,800 --> 00:48:03,279
Speaker 3: us about it. Terrible numbers for Elbow and they're both

926
00:48:03,360 --> 00:48:06,280
Speaker 3: first terms but they're still getting hammered in the polls.

927
00:48:07,120 --> 00:48:09,759
Speaker 3: Sure they have both made mistakes, individual mistakes, but there

928
00:48:09,800 --> 00:48:13,160
Speaker 3: is a biggest story going on here. We're broke and

929
00:48:13,200 --> 00:48:16,440
Speaker 3: will blame whoever's in charge, no matter how long they

930
00:48:16,480 --> 00:48:19,400
Speaker 3: have been there. There's a caveat to this come twenty

931
00:48:19,400 --> 00:48:21,839
Speaker 3: twenty six. We better have something to show for it.

932
00:48:22,360 --> 00:48:25,160
Speaker 3: The OECD report that came out last week says will

933
00:48:25,160 --> 00:48:27,520
Speaker 3: be north of two percent growth by twenty twenty six.

934
00:48:27,960 --> 00:48:31,200
Speaker 3: But those promises that Luxon has made, those targets that

935
00:48:31,280 --> 00:48:35,360
Speaker 3: he has championed time and time again, that seed of

936
00:48:35,360 --> 00:48:38,239
Speaker 3: a promise that he's solen into. This government has two

937
00:48:38,320 --> 00:48:41,920
Speaker 3: years to bear fruit. Bryan Bridge twenty seven after five

938
00:48:42,000 --> 00:48:43,879
Speaker 3: nine nine two is the number of text love your

939
00:48:43,960 --> 00:48:46,839
Speaker 3: views this evening coming up next, we're going to talk. Well,

940
00:48:46,840 --> 00:48:49,840
Speaker 3: we'll asked the question. So the police have different targets.

941
00:48:50,320 --> 00:48:54,760
Speaker 3: One of them is tickets for drink driving and drugs.

942
00:48:55,360 --> 00:48:57,400
Speaker 3: Another one is for speeding. Which of those two do

943
00:48:57,440 --> 00:48:59,239
Speaker 3: you think they had the target for?

944
00:49:00,000 --> 00:49:00,359
Speaker 2: Find out?

945
00:49:00,360 --> 00:49:07,720
Speaker 3: Next?

946
00:49:13,400 --> 00:49:16,640
Speaker 1: Ryan Bridge cutting through the noise to get the facts.

947
00:49:16,880 --> 00:49:19,880
Speaker 1: It's Ryan Bridge on Heather do for see Allen drive

948
00:49:20,040 --> 00:49:23,399
Speaker 1: with one New Zealand Let's get connected. The News Talk said,

949
00:49:23,440 --> 00:49:32,960
Speaker 1: be good evening.

950
00:49:33,120 --> 00:49:35,640
Speaker 3: It is twenty five minutes away from Sex News Talks.

951
00:49:35,640 --> 00:49:38,439
Speaker 3: There'd be Nicola Willis. Willis with us here after six,

952
00:49:38,560 --> 00:49:41,400
Speaker 3: the Finance Minister today announcing that she will beef up

953
00:49:41,480 --> 00:49:44,920
Speaker 3: Kiwi Bank, but also accept all fourteen recommendations from the

954
00:49:44,920 --> 00:49:48,000
Speaker 3: Commerce Commission to try and sort out the what she

955
00:49:48,120 --> 00:49:52,320
Speaker 3: called a convenient pallot fight of competition between the big boys.

956
00:49:52,360 --> 00:49:56,040
Speaker 3: So we'll talk to Nicola Willis herself after six and

957
00:49:56,040 --> 00:49:58,920
Speaker 3: the huddle in just a second. Right now, six million

958
00:49:58,920 --> 00:50:01,360
Speaker 3: dollars of police funding is on hold because they didn't

959
00:50:01,440 --> 00:50:04,920
Speaker 3: quite meet all of their new infringement targets. You'll remember

960
00:50:04,920 --> 00:50:07,239
Speaker 3: that some police funding is now dependent on doing a

961
00:50:07,280 --> 00:50:10,520
Speaker 3: certain number of roadside drug tests and issuing a certain

962
00:50:10,600 --> 00:50:13,560
Speaker 3: number of speeding tickets. Well, in the July September quarter,

963
00:50:13,640 --> 00:50:17,200
Speaker 3: police met all of their targets except one. They didn't

964
00:50:17,200 --> 00:50:21,239
Speaker 3: issue enough speeding tickets on open roads. Dylan Thompson is

965
00:50:21,280 --> 00:50:23,680
Speaker 3: the road safety spokesperson at AA. He's with us now, Dylan,

966
00:50:23,719 --> 00:50:24,520
Speaker 3: good evening.

967
00:50:25,120 --> 00:50:26,480
Speaker 6: Good afternoon. How are you doing right?

968
00:50:26,520 --> 00:50:26,719
Speaker 3: Good?

969
00:50:26,719 --> 00:50:26,960
Speaker 20: Thank you.

970
00:50:27,520 --> 00:50:29,000
Speaker 3: Does this mean that we just weren't speeding.

971
00:50:30,800 --> 00:50:34,640
Speaker 6: Well, that's a really hard question to answer, actually, because

972
00:50:34,640 --> 00:50:38,360
Speaker 6: nobody knows exactly what's going on on the roads everywhere

973
00:50:38,400 --> 00:50:45,480
Speaker 6: all at once. Unlikely. So I think what it's just

974
00:50:45,600 --> 00:50:50,240
Speaker 6: meant is that the police probably didn't manage to spend

975
00:50:50,239 --> 00:50:52,760
Speaker 6: as much time in forcing out on the open roads

976
00:50:53,000 --> 00:50:54,680
Speaker 6: as they would have been aiming to.

977
00:50:55,400 --> 00:50:57,279
Speaker 3: Police have caught flack in the past for not doing

978
00:50:57,400 --> 00:50:59,360
Speaker 3: enough breath tests, So the fact that they've met the

979
00:50:59,400 --> 00:51:02,399
Speaker 3: breath test, the drug test target, they should be commended for.

980
00:51:03,600 --> 00:51:07,279
Speaker 6: Well, it's just the alcohol tests at the moment. We're

981
00:51:07,280 --> 00:51:11,439
Speaker 6: still waiting to introduce roadside drug testing next year. But

982
00:51:11,840 --> 00:51:15,279
Speaker 6: they not only hit the target for alcohol tests in

983
00:51:15,320 --> 00:51:18,200
Speaker 6: this quarter a bit, but way exceeded it. And we're

984
00:51:18,440 --> 00:51:22,399
Speaker 6: so pleased to see that so that is really good news.

985
00:51:22,440 --> 00:51:25,800
Speaker 6: And really this is just part of a huge push

986
00:51:25,840 --> 00:51:29,360
Speaker 6: from the government here to increase the amount of enforcement

987
00:51:29,400 --> 00:51:34,960
Speaker 6: around alcohol and drugs ultimately and speeding. They're really focused on.

988
00:51:34,920 --> 00:51:37,759
Speaker 3: That, which is good. I've noticed a lot in the

989
00:51:37,960 --> 00:51:41,440
Speaker 3: central city. I've noticed a lot of breathalyzer tests happening.

990
00:51:42,200 --> 00:51:44,279
Speaker 3: I'm wondering, and I noticed that these tickets that they're

991
00:51:44,320 --> 00:51:48,200
Speaker 3: not doing are on the open road. Are they taking

992
00:51:48,200 --> 00:51:52,160
Speaker 3: the easy option and doing breathalyzer tests and perhaps catching

993
00:51:52,719 --> 00:51:54,960
Speaker 3: speed is close to the cities rather than going out

994
00:51:55,000 --> 00:51:58,400
Speaker 3: into the regions and doing the hard stuff well.

995
00:51:58,280 --> 00:52:01,400
Speaker 6: On the alcohol tests. So you know, part of that

996
00:52:01,480 --> 00:52:03,719
Speaker 6: target is they've got their total number of tests and

997
00:52:03,719 --> 00:52:07,399
Speaker 6: then they've also got a certain number at what they

998
00:52:07,640 --> 00:52:11,080
Speaker 6: have defined as high and extreme alcohol risk hours. So

999
00:52:11,520 --> 00:52:15,200
Speaker 6: I think they are trying to target it. But you're

1000
00:52:15,800 --> 00:52:19,400
Speaker 6: always going to be able to test more people quickly

1001
00:52:19,600 --> 00:52:23,560
Speaker 6: in our big urban centers than out in the regions.

1002
00:52:23,640 --> 00:52:25,399
Speaker 6: And I mean, I think we've we've got to get

1003
00:52:25,400 --> 00:52:28,880
Speaker 6: that mix right. And that's part of the reason, I

1004
00:52:28,920 --> 00:52:32,440
Speaker 6: guess for the focus on the open road enforcement of speeding,

1005
00:52:32,480 --> 00:52:34,520
Speaker 6: because those are the roads that we tend to have

1006
00:52:34,800 --> 00:52:36,879
Speaker 6: high rates of fatal crashes and some of those really

1007
00:52:36,920 --> 00:52:38,200
Speaker 6: horrific crashes out there.

1008
00:52:38,360 --> 00:52:38,600
Speaker 8: Yeah.

1009
00:52:38,600 --> 00:52:40,719
Speaker 3: Interesting. Thank you so much for that, Dylan. Great to

1010
00:52:40,719 --> 00:52:42,200
Speaker 3: have you on the show. As always, Dylan Thompson, the

1011
00:52:42,280 --> 00:52:45,160
Speaker 3: Road Safety spokesperson for AA. It is twenty two away

1012
00:52:45,160 --> 00:52:45,840
Speaker 3: from Sex.

1013
00:52:45,840 --> 00:52:49,799
Speaker 1: The Huddle with New Zealand Southerby's International Realty, local and

1014
00:52:49,880 --> 00:52:51,799
Speaker 1: global exposure like no other.

1015
00:52:52,120 --> 00:52:54,360
Speaker 3: So Nichola Willis has huffed and she has puffed, and

1016
00:52:54,600 --> 00:52:56,640
Speaker 3: will she blow the bank's house down? That is the

1017
00:52:56,640 --> 00:52:59,600
Speaker 3: big question. Tris Shurson Shirton Willis prs with us this evening.

1018
00:52:59,640 --> 00:53:02,280
Speaker 3: Good evening, good evening, I've see you and Joc Beganni's

1019
00:53:02,280 --> 00:53:05,520
Speaker 3: here CEO of Child Fun Kilder, good to see you too.

1020
00:53:05,719 --> 00:53:08,040
Speaker 3: Tell me has she done enough? Trish? Do you think

1021
00:53:08,239 --> 00:53:11,600
Speaker 3: in an accepting all fourteen recommendations from the Commerce Commission

1022
00:53:11,719 --> 00:53:14,160
Speaker 3: and beefing up Kei Bank because she done enough to

1023
00:53:14,160 --> 00:53:15,319
Speaker 3: put them on notice.

1024
00:53:15,640 --> 00:53:19,400
Speaker 17: I don't think there were any surprises in today's announcement.

1025
00:53:19,520 --> 00:53:22,880
Speaker 17: All of this has been relatively well signaled, and in fact,

1026
00:53:23,840 --> 00:53:26,080
Speaker 17: if I cast my mind back to when the Commis

1027
00:53:26,120 --> 00:53:29,640
Speaker 17: Commission made its recommendations with its final report back in August,

1028
00:53:29,960 --> 00:53:33,359
Speaker 17: pretty sure even all of the major banks accepted all

1029
00:53:33,400 --> 00:53:38,560
Speaker 17: of those recommendations. You know, part of the new news

1030
00:53:38,600 --> 00:53:41,640
Speaker 17: today is around this beefing up of Kibank, although that

1031
00:53:41,800 --> 00:53:44,040
Speaker 17: was already well signaled the fact it would need a

1032
00:53:44,080 --> 00:53:49,239
Speaker 17: capital injection, and then this longer term thought about potentially

1033
00:53:49,560 --> 00:53:53,680
Speaker 17: an IPO down the track. The point I think is

1034
00:53:53,719 --> 00:53:57,520
Speaker 17: an interesting one here is the difference between a challenger

1035
00:53:57,680 --> 00:54:01,360
Speaker 17: and a disruptor. So yes, Kank might be a challenger.

1036
00:54:01,480 --> 00:54:04,600
Speaker 17: So it's a traditional style bank that's going to be

1037
00:54:04,600 --> 00:54:08,480
Speaker 17: beefed up. It's doing well, it's taking significant market share

1038
00:54:08,520 --> 00:54:11,800
Speaker 17: at the moment, particularly in the home loan and business areas.

1039
00:54:12,280 --> 00:54:15,480
Speaker 17: But what you've seen from markets like the UK is

1040
00:54:15,520 --> 00:54:19,239
Speaker 17: where true disruptors have come into banking. That's like your

1041
00:54:19,239 --> 00:54:23,000
Speaker 17: monzos that are absolutely pure digital banks. They don't have

1042
00:54:23,080 --> 00:54:26,880
Speaker 17: branches or any of that sort of physical bricks and

1043
00:54:26,920 --> 00:54:29,799
Speaker 17: water infrastructure so they can keep fees down. This year

1044
00:54:29,800 --> 00:54:32,920
Speaker 17: we've had a new Zealand startup called DSH apply to

1045
00:54:32,960 --> 00:54:36,600
Speaker 17: be a registered bank, first application in twenty years. They

1046
00:54:36,640 --> 00:54:39,040
Speaker 17: want to do just that. They would be online. Only

1047
00:54:39,280 --> 00:54:43,319
Speaker 17: had another another operator apply to be a registered bank

1048
00:54:43,480 --> 00:54:47,239
Speaker 17: just this week. Again the first ones in twenty years.

1049
00:54:47,239 --> 00:54:48,920
Speaker 17: So I think that's actually a good signal.

1050
00:54:49,080 --> 00:54:52,359
Speaker 3: So the real challenge might come not from Kiev Bank

1051
00:54:52,400 --> 00:54:55,200
Speaker 3: but from actually these newbanks. What do you reckon, Josoning?

1052
00:54:55,360 --> 00:54:57,520
Speaker 5: Yeah, I think this is a really good sign because

1053
00:54:57,520 --> 00:55:00,000
Speaker 5: if you think back to that, remember of years ago,

1054
00:55:00,080 --> 00:55:04,160
Speaker 5: go ATM companies, new ATM disruptors were trying to get

1055
00:55:04,160 --> 00:55:06,160
Speaker 5: into the market, and the big banks would go they

1056
00:55:06,160 --> 00:55:09,000
Speaker 5: we just wouldn't let them have access to the platform, right,

1057
00:55:09,440 --> 00:55:12,000
Speaker 5: And so here what they've done. The governments accepted all

1058
00:55:12,040 --> 00:55:15,520
Speaker 5: of the Commics Commission's recommendations, one of which is to

1059
00:55:15,760 --> 00:55:18,360
Speaker 5: loosen the definition of bank, so that would kind of

1060
00:55:18,400 --> 00:55:21,480
Speaker 5: allow the disruptors to come in. The other is, you know,

1061
00:55:21,800 --> 00:55:24,640
Speaker 5: to give access to that payment platform so at the

1062
00:55:24,640 --> 00:55:27,200
Speaker 5: moment when you do your tap and pay that's a

1063
00:55:27,239 --> 00:55:31,000
Speaker 5: new piece of technology with our phones, you're paying two

1064
00:55:31,040 --> 00:55:34,600
Speaker 5: percent of that, you know, straight to Visa and MasterCards.

1065
00:55:34,640 --> 00:55:35,680
Speaker 9: So they're fleecing us.

1066
00:55:35,880 --> 00:55:39,319
Speaker 5: They're fleecing the retail sector actually in New Zealand. So

1067
00:55:39,400 --> 00:55:43,279
Speaker 5: I think breaking up you know, the monopolies or the

1068
00:55:43,360 --> 00:55:47,440
Speaker 5: duopolies or the whatever monopolies and allowing competition to come

1069
00:55:47,440 --> 00:55:50,200
Speaker 5: in is a huge thing. You think of those sectors

1070
00:55:50,280 --> 00:55:55,680
Speaker 5: that don't have competition, banks, parking, supermarkets. They're the ones

1071
00:55:55,719 --> 00:55:57,120
Speaker 5: that are charging us so much money.

1072
00:55:57,200 --> 00:55:59,840
Speaker 3: That think that the banks themselves and I suppose they

1073
00:56:00,480 --> 00:56:02,239
Speaker 3: have a self interest here, but they argue that they

1074
00:56:02,239 --> 00:56:04,760
Speaker 3: do have competition and the market and when you compare

1075
00:56:04,840 --> 00:56:07,520
Speaker 3: us to countries around the world on a per capita basis,

1076
00:56:07,560 --> 00:56:10,040
Speaker 3: et cetera, it's actually not all bad here.

1077
00:56:10,160 --> 00:56:13,680
Speaker 17: Also, let's remember that we have not had a banking

1078
00:56:13,760 --> 00:56:16,520
Speaker 17: failure in New Zealand, so yes, we can say we

1079
00:56:16,560 --> 00:56:18,640
Speaker 17: want things to be better, but we are a small

1080
00:56:18,680 --> 00:56:20,839
Speaker 17: market at the bottom of the world. And look at

1081
00:56:20,840 --> 00:56:24,000
Speaker 17: the big markets where there has been huge competition. The

1082
00:56:24,160 --> 00:56:28,000
Speaker 17: US government has had to bail out make significant bailouts

1083
00:56:28,000 --> 00:56:30,680
Speaker 17: because of banking failures as recently as two years ago.

1084
00:56:30,719 --> 00:56:34,560
Speaker 17: But at the right I'm not saying don't want to

1085
00:56:34,560 --> 00:56:37,440
Speaker 17: cut your nose. That's exactly That's exactly it.

1086
00:56:37,520 --> 00:56:39,600
Speaker 3: All right, it is eighteen away from six News Talk

1087
00:56:39,640 --> 00:56:41,160
Speaker 3: SIB We're back with the Huddle in just a.

1088
00:56:41,160 --> 00:56:47,600
Speaker 1: Second, the Huddle with New Zealand Southby's International Realty Elevate

1089
00:56:47,680 --> 00:56:48,880
Speaker 1: the marketing of your home.

1090
00:56:50,360 --> 00:56:52,279
Speaker 3: Welcome back, it has just gone calld it to six

1091
00:56:52,320 --> 00:56:55,680
Speaker 3: News Talk saib and the huddle is with me this evening. Trishuson, Huson,

1092
00:56:55,680 --> 00:56:57,839
Speaker 3: will us Pr and Josey B. Begani's CEO of Child Fun.

1093
00:56:57,920 --> 00:57:01,640
Speaker 3: Welcome back team. So we'ves galore today. We've got the

1094
00:57:01,640 --> 00:57:03,640
Speaker 3: one news pole coming out in about half an hour,

1095
00:57:03,760 --> 00:57:06,239
Speaker 3: well shortly, and we will hear from Nikola Willis on

1096
00:57:06,280 --> 00:57:08,279
Speaker 3: that just after six. But also today we had the

1097
00:57:08,360 --> 00:57:12,359
Speaker 3: Taxpayer Union Curier poll which had National and Labor both

1098
00:57:12,440 --> 00:57:15,760
Speaker 3: down four point six points, which is a big drop

1099
00:57:16,120 --> 00:57:20,840
Speaker 3: act up four point five to thirteen. Josie, is this

1100
00:57:21,280 --> 00:57:22,880
Speaker 3: Seamour's strategy working.

1101
00:57:23,160 --> 00:57:25,440
Speaker 5: I think it is, and it's also to Party Marty's

1102
00:57:25,440 --> 00:57:28,960
Speaker 5: strategy working right. So for the smaller parties, their strategy

1103
00:57:29,040 --> 00:57:31,520
Speaker 5: is always to bring out the voters on the fringes.

1104
00:57:31,560 --> 00:57:34,120
Speaker 5: They're not going for your middle road, middle of the

1105
00:57:34,200 --> 00:57:38,720
Speaker 5: road voters, your CenTra central voters. So yes, it's succeeding.

1106
00:57:38,840 --> 00:57:41,880
Speaker 5: You know, you have you have strong opinions to Party Marty.

1107
00:57:41,920 --> 00:57:46,480
Speaker 5: You call everybody a white supremacist and whatever genocide KKK

1108
00:57:46,680 --> 00:57:49,160
Speaker 5: and act. You're going right, We're going to everybody's going

1109
00:57:49,200 --> 00:57:53,040
Speaker 5: to be equal, and we're going to ignore the distinct

1110
00:57:54,240 --> 00:57:56,600
Speaker 5: privileges that were given to Mary under the treaty as

1111
00:57:56,640 --> 00:57:58,480
Speaker 5: they would see it. Right, so you bring out you

1112
00:57:58,560 --> 00:58:02,000
Speaker 5: bring out your base. The big losers in this are

1113
00:58:02,000 --> 00:58:05,000
Speaker 5: both National and Labor for different reasons, right, So I

1114
00:58:05,000 --> 00:58:08,400
Speaker 5: would say for National they're failing at the moment. I

1115
00:58:08,400 --> 00:58:11,160
Speaker 5: think they've got a plan, they're just not communicating it.

1116
00:58:11,360 --> 00:58:14,320
Speaker 5: They're not bringing the country with them. And the Hikoy

1117
00:58:14,400 --> 00:58:17,200
Speaker 5: would have been a perfect example where you would expect

1118
00:58:17,240 --> 00:58:19,840
Speaker 5: a prime minister to step up and unify the country

1119
00:58:19,880 --> 00:58:24,840
Speaker 5: and go. Disagreement is different to disunity. I encourage disagreement.

1120
00:58:24,920 --> 00:58:28,000
Speaker 5: We can disagree and we will unify after this and

1121
00:58:28,040 --> 00:58:32,360
Speaker 5: we will have this debate a vacuum. Labor is different again, right, Labor,

1122
00:58:32,400 --> 00:58:34,960
Speaker 5: I think they're failing that they're looking like the government

1123
00:58:35,000 --> 00:58:38,240
Speaker 5: in opposition with Labor to Party Marti, the Greens. That's

1124
00:58:38,280 --> 00:58:40,040
Speaker 5: a problem for them because it looks messy.

1125
00:58:40,240 --> 00:58:44,600
Speaker 3: Yeah, Trish, is this in part because of Luxon's strengthening

1126
00:58:44,680 --> 00:58:48,120
Speaker 3: is rhetoric and his language around the Treaty Principal's bill.

1127
00:58:48,240 --> 00:58:51,640
Speaker 3: These are National voters saying screw you, I'm going to act.

1128
00:58:52,480 --> 00:58:56,240
Speaker 17: Yeah, that's right. I'm not surprised to see that movement

1129
00:58:56,320 --> 00:58:59,360
Speaker 17: off to act around the Treaty Principal's bill. But the

1130
00:58:59,600 --> 00:59:02,160
Speaker 17: part of Pole that I'm actually really interested in is

1131
00:59:02,960 --> 00:59:05,320
Speaker 17: what are the issues that Kiwi's care about, because this

1132
00:59:05,400 --> 00:59:07,480
Speaker 17: is what politicians need to keep their focus on. What

1133
00:59:07,480 --> 00:59:09,520
Speaker 17: are the issues they care about and how has that

1134
00:59:09,600 --> 00:59:12,800
Speaker 17: moved since last year. So last year was cost of

1135
00:59:12,880 --> 00:59:15,800
Speaker 17: living number one and Laura and Order number two, and

1136
00:59:15,840 --> 00:59:19,080
Speaker 17: they kept switching in and out. In this poll, you've

1137
00:59:19,120 --> 00:59:23,440
Speaker 17: got the economy at number one, and then you have

1138
00:59:23,680 --> 00:59:26,400
Speaker 17: got the cost of living at number two, and then

1139
00:59:26,440 --> 00:59:28,720
Speaker 17: you've got health in at number three. Now this is

1140
00:59:28,800 --> 00:59:33,320
Speaker 17: really important for ACT and for National because there are

1141
00:59:33,360 --> 00:59:36,600
Speaker 17: a lot of ACT voters who actually go, you've spent

1142
00:59:36,800 --> 00:59:39,840
Speaker 17: enough time on the treaty and you're missing out now

1143
00:59:39,920 --> 00:59:44,000
Speaker 17: when the economy is so critical, and ACT should be

1144
00:59:44,080 --> 00:59:49,480
Speaker 17: really important in that debate. For National also, there are

1145
00:59:49,520 --> 00:59:52,040
Speaker 17: a lot of voters who feel like next year is

1146
00:59:52,120 --> 00:59:54,560
Speaker 17: going to be even tougher, like we're not going to

1147
00:59:55,080 --> 00:59:58,040
Speaker 17: we're not making huge gains, And I think National has

1148
00:59:58,080 --> 01:00:00,200
Speaker 17: to be careful that it's rhetoric on the econ to

1149
01:00:00,200 --> 01:00:03,080
Speaker 17: me just telling us over and over that inflation's down

1150
01:00:03,120 --> 01:00:05,920
Speaker 17: and interest rates are under control. So this is this

1151
01:00:06,000 --> 01:00:08,280
Speaker 17: is what I heard recently, it was Nicol Willis said,

1152
01:00:08,320 --> 01:00:11,360
Speaker 17: so businesses can they're ready to start employing and things.

1153
01:00:12,200 --> 01:00:15,040
Speaker 17: Businesses don't have that in reserve. And I think what

1154
01:00:15,040 --> 01:00:17,240
Speaker 17: the government has to do is temper it's rhetoric on

1155
01:00:17,360 --> 01:00:20,720
Speaker 17: the economy to meet where business is actually at. Next

1156
01:00:20,760 --> 01:00:22,640
Speaker 17: year for them is going to be very tough on

1157
01:00:22,680 --> 01:00:24,479
Speaker 17: the economy as the numbers yet worse.

1158
01:00:24,680 --> 01:00:27,240
Speaker 5: Labor needs to stop talking about or stop being the

1159
01:00:27,240 --> 01:00:30,040
Speaker 5: political party of the public sector, because that's also noting

1160
01:00:30,240 --> 01:00:32,640
Speaker 5: that many support either. So you're right, pick the things

1161
01:00:32,640 --> 01:00:34,960
Speaker 5: that voters say are the things. And I think for

1162
01:00:35,040 --> 01:00:37,840
Speaker 5: most voters, even you know, they're basically supportive of the

1163
01:00:37,880 --> 01:00:40,760
Speaker 5: treaty and the treaty process. They don't think we should

1164
01:00:40,840 --> 01:00:43,760
Speaker 5: be having this massive kind of race debate. It doesn't

1165
01:00:43,760 --> 01:00:46,000
Speaker 5: feel like it's something that New Zealanders want to have,

1166
01:00:46,280 --> 01:00:48,320
Speaker 5: and it's not coming up in what are people most

1167
01:00:48,400 --> 01:00:51,760
Speaker 5: concerned about? We're not concerned that we have a major

1168
01:00:51,840 --> 01:00:53,160
Speaker 5: race problem in this country.

1169
01:00:53,440 --> 01:00:56,080
Speaker 3: Yeah, let's try. It's interesting, isn't it, Because they have

1170
01:00:56,160 --> 01:00:59,680
Speaker 3: almost declared victory on the economy the National Party, and

1171
01:00:59,720 --> 01:01:03,280
Speaker 3: it's not going down too well with business and.

1172
01:01:03,680 --> 01:01:07,840
Speaker 17: Except to your point in your editorial. Don't forget how

1173
01:01:07,960 --> 01:01:11,320
Speaker 17: governments have been punished by voters who feel they're going

1174
01:01:11,360 --> 01:01:12,160
Speaker 17: back totally.

1175
01:01:12,280 --> 01:01:14,439
Speaker 3: And remember it wasn't that long ago that just Cinda

1176
01:01:14,480 --> 01:01:18,960
Speaker 3: a Dune on a morning TV breakfast show said no,

1177
01:01:19,040 --> 01:01:21,720
Speaker 3: it's not a cost of living crisis. And the reaction,

1178
01:01:21,800 --> 01:01:25,680
Speaker 3: in fact, the reaction today Auckland businesses. This is on

1179
01:01:25,760 --> 01:01:27,560
Speaker 3: K Road. I love this story. Well, I don't love

1180
01:01:27,560 --> 01:01:31,040
Speaker 3: it because it's bad, but Auckland Transport has been forced

1181
01:01:31,040 --> 01:01:34,280
Speaker 3: to take down ads they encourage people to bust to

1182
01:01:34,360 --> 01:01:37,640
Speaker 3: the mall. This is for Christmas to do their their

1183
01:01:37,920 --> 01:01:41,880
Speaker 3: shopping and small businesses are upset with this. The poster said,

1184
01:01:42,080 --> 01:01:45,760
Speaker 3: jingle bells, jingle bells, jingle to the mall. Oh what

1185
01:01:45,840 --> 01:01:48,400
Speaker 3: fun it is to ride with no parking queues at all.

1186
01:01:48,720 --> 01:01:52,600
Speaker 3: So very clever, But to the mall has upset your

1187
01:01:52,680 --> 01:01:55,440
Speaker 3: K Road retailers, your smaller businesses who are missing out

1188
01:01:55,440 --> 01:01:55,919
Speaker 3: on the action.

1189
01:01:56,160 --> 01:01:59,840
Speaker 17: Fair enough, well before we even get to the utterist

1190
01:02:00,080 --> 01:02:03,439
Speaker 17: pidity of the campaign itself. Two words I never want

1191
01:02:03,440 --> 01:02:06,960
Speaker 17: to hear at Christmas a bus and more so so.

1192
01:02:06,960 --> 01:02:07,680
Speaker 16: You have lost me.

1193
01:02:07,960 --> 01:02:12,840
Speaker 17: That doesn't seem like a stress reliever for me personally, Well,

1194
01:02:12,880 --> 01:02:15,360
Speaker 17: There's two things. One is, if you're running a campaign

1195
01:02:15,440 --> 01:02:18,000
Speaker 17: like this, it feels far too late in the game.

1196
01:02:18,000 --> 01:02:22,360
Speaker 17: We're at the ninth of December already. Two I absolutely

1197
01:02:22,400 --> 01:02:27,440
Speaker 17: get for businesses on K Road, Pontsmbe, Central Auckland, you

1198
01:02:27,560 --> 01:02:31,000
Speaker 17: name it, where these streets have been ripped up, closed

1199
01:02:31,000 --> 01:02:34,919
Speaker 17: down road coned. You would be absolutely outraged that AT

1200
01:02:35,160 --> 01:02:36,959
Speaker 17: is sending your customers off to the morning.

1201
01:02:37,080 --> 01:02:39,520
Speaker 5: Isn't it a good thing that AT is actually going

1202
01:02:39,560 --> 01:02:42,880
Speaker 5: to come under the council perview from now on? Because

1203
01:02:42,880 --> 01:02:45,240
Speaker 5: the other thing is I feel like this is at

1204
01:02:45,240 --> 01:02:48,680
Speaker 5: what point you're going to run Auckland rather than running

1205
01:02:48,720 --> 01:02:52,360
Speaker 5: Auckland families to do what AT wants. Why doesn't AT

1206
01:02:52,600 --> 01:02:55,760
Speaker 5: run the Auckland Transport to do what families want, which

1207
01:02:55,840 --> 01:02:58,720
Speaker 5: is to get around and how many people?

1208
01:02:59,040 --> 01:03:01,919
Speaker 3: That's an awesome point, as I say, not as.

1209
01:03:01,800 --> 01:03:04,000
Speaker 5: I do like either take that you know, this is

1210
01:03:04,000 --> 01:03:06,240
Speaker 5: the whole thing that oh you know, cycle to hospital,

1211
01:03:06,240 --> 01:03:08,560
Speaker 5: to have your baby, go on the bus, to do

1212
01:03:08,600 --> 01:03:11,520
Speaker 5: your take your kids to sports on the bus and

1213
01:03:11,560 --> 01:03:14,560
Speaker 5: now do your goddamn Christmas shopping on the bus as well.

1214
01:03:14,400 --> 01:03:16,800
Speaker 3: Because that's the other thing I mean, asigned from the mall.

1215
01:03:17,040 --> 01:03:19,720
Speaker 3: How did you get your stuff home on a bus?

1216
01:03:20,200 --> 01:03:20,439
Speaker 8: Yeah?

1217
01:03:20,640 --> 01:03:22,080
Speaker 3: No, and you're buying.

1218
01:03:23,680 --> 01:03:26,800
Speaker 17: I mean unless it's a particular center sacks, particularly like

1219
01:03:27,000 --> 01:03:28,480
Speaker 17: this year only.

1220
01:03:28,280 --> 01:03:33,600
Speaker 3: He only does gift boutches. Now sorry kids, because no,

1221
01:03:33,680 --> 01:03:36,760
Speaker 3: it's ridiculous. And also on the Auckland transport thing, yes,

1222
01:03:36,800 --> 01:03:40,800
Speaker 3: we're sort of emasculating all can transport, but we're giving

1223
01:03:40,840 --> 01:03:44,560
Speaker 3: the power for cycle ways, for raised pedestrian crossings, for

1224
01:03:44,680 --> 01:03:49,880
Speaker 3: speed limits, all of these things triggering us. Right, they're

1225
01:03:49,920 --> 01:03:52,920
Speaker 3: going local boards. Well, if there's anywhere far left of

1226
01:03:52,960 --> 01:03:54,440
Speaker 3: Auckland transport, it's a local board.

1227
01:03:54,560 --> 01:03:57,360
Speaker 17: And having lived in a small part of Auckland where

1228
01:03:57,400 --> 01:03:59,360
Speaker 17: they made a cycle lane, that was like trying to

1229
01:03:59,600 --> 01:04:02,200
Speaker 17: play that old rollerball game, you know, where you have

1230
01:04:02,240 --> 01:04:04,280
Speaker 17: the ball that goes around the tiny wooden thing.

1231
01:04:04,600 --> 01:04:05,960
Speaker 3: It was all over the show.

1232
01:04:06,000 --> 01:04:09,360
Speaker 17: I've never seen anything more ridiculous. I feel as nervous

1233
01:04:09,360 --> 01:04:11,760
Speaker 17: about the council getting in control of this as I

1234
01:04:11,880 --> 01:04:14,080
Speaker 17: as I have about at all.

1235
01:04:14,120 --> 01:04:15,880
Speaker 3: Right, guys, thank you very much for coming in great

1236
01:04:15,920 --> 01:04:20,080
Speaker 3: huddle Jose mcganney and Tris Huson. It is seven away

1237
01:04:20,080 --> 01:04:21,400
Speaker 3: from six News talks b.

1238
01:04:23,120 --> 01:04:25,920
Speaker 1: Red or Blue, Trump or Harris who will win the

1239
01:04:25,960 --> 01:04:29,439
Speaker 1: battleground states. The latest on the US election is has

1240
01:04:29,440 --> 01:04:32,160
Speaker 1: a duplic allan drive with one New Zealand.

1241
01:04:32,320 --> 01:04:34,720
Speaker 2: Let's get connected US talksb.

1242
01:04:36,200 --> 01:04:39,760
Speaker 3: News Talks EB. It is five away from six. Text

1243
01:04:39,800 --> 01:04:43,040
Speaker 3: here from John. This is about the Minister of Finance

1244
01:04:43,080 --> 01:04:45,040
Speaker 3: today announcing a bit of a kick up the butt

1245
01:04:45,080 --> 01:04:47,720
Speaker 3: for the banking sector at taking on board all fourteen

1246
01:04:47,760 --> 01:04:50,480
Speaker 3: recommendations from the Commerce Commission around the banking industry and

1247
01:04:50,560 --> 01:04:53,920
Speaker 3: beefing up Kiwi Bank through a capitalization program. Ryan. There

1248
01:04:53,960 --> 01:04:57,520
Speaker 3: are currently twenty seven registered lending institutions in New Zealand.

1249
01:04:58,080 --> 01:05:00,280
Speaker 3: Just beefing up This is from John. Just bef up

1250
01:05:00,360 --> 01:05:02,880
Speaker 3: Kiwi Bank would seem to have no effect whatsoever on

1251
01:05:02,920 --> 01:05:06,680
Speaker 3: the macro situation. The market is already highly competitive, as

1252
01:05:06,760 --> 01:05:10,160
Speaker 3: is any market with twenty seven competitors offering a similar product.

1253
01:05:10,320 --> 01:05:12,480
Speaker 3: There are also a number of deposit takers in addition

1254
01:05:12,520 --> 01:05:14,600
Speaker 3: to the above. You're doing great job, John, John, thank

1255
01:05:14,640 --> 01:05:18,400
Speaker 3: you for that. The thing is, the banks say that

1256
01:05:18,480 --> 01:05:21,520
Speaker 3: they are competitive. All of the big banks say that

1257
01:05:21,560 --> 01:05:24,520
Speaker 3: they are competitive. The government says that they are not.

1258
01:05:25,280 --> 01:05:29,200
Speaker 3: Consumer you know groups say that they're not. How do

1259
01:05:29,320 --> 01:05:32,520
Speaker 3: you prove how competitive a sector is where you have

1260
01:05:32,520 --> 01:05:34,480
Speaker 3: a study, They've done a study. What are the studies saying, Well,

1261
01:05:34,480 --> 01:05:37,040
Speaker 3: they're not competitive. So I mean, who do you believe?

1262
01:05:37,320 --> 01:05:39,240
Speaker 3: You know what I mean? The banks say, if you

1263
01:05:39,320 --> 01:05:42,640
Speaker 3: look at similar jurisdictions, or if you look at larger

1264
01:05:42,680 --> 01:05:44,960
Speaker 3: countries on a per capita basis, that we are as

1265
01:05:44,960 --> 01:05:48,800
Speaker 3: competitive as anyone else. So go figure nine two nine

1266
01:05:48,800 --> 01:05:51,000
Speaker 3: two is the number to text. Nicola willis with us

1267
01:05:51,040 --> 01:05:53,320
Speaker 3: here on that. Just after six, just gone four away

1268
01:05:53,360 --> 01:05:56,040
Speaker 3: from that, there was something I wanted to get to. Oh,

1269
01:05:56,040 --> 01:06:00,120
Speaker 3: Gloria Vail, that's right, speaking of banks very quickly. This

1270
01:06:00,160 --> 01:06:02,520
Speaker 3: is a very interesting moved from the Court of Appeal.

1271
01:06:02,560 --> 01:06:05,560
Speaker 3: This afternoon. They've cleared the way for Benz to close

1272
01:06:05,840 --> 01:06:09,600
Speaker 3: Gloria Vale's bank accounts. So Benz was wanting to terminate

1273
01:06:09,640 --> 01:06:12,840
Speaker 3: They had forty year relationship with these guys, the Christian sect.

1274
01:06:13,200 --> 01:06:16,360
Speaker 3: They've been wanting to basically get rid of them, drop

1275
01:06:16,400 --> 01:06:20,080
Speaker 3: them as a customer for human rights policy, brooches, et cetera. Anyway,

1276
01:06:20,120 --> 01:06:21,920
Speaker 3: they ran into problems in the courts. The Court of

1277
01:06:21,960 --> 01:06:26,600
Speaker 3: Appeal has ruled in Benz's favor. So what's the upside

1278
01:06:26,600 --> 01:06:28,960
Speaker 3: of this. Gloria Vale has three months to find a

1279
01:06:29,000 --> 01:06:32,840
Speaker 3: new bank. Maybe that's we keep you bank steps. In

1280
01:06:34,720 --> 01:06:35,120
Speaker 3: three to.

1281
01:06:35,120 --> 01:06:51,160
Speaker 1: Six, we're Business Meets inside the Business Hour with Ryan

1282
01:06:51,240 --> 01:06:53,680
Speaker 1: Bridge and my Hr on News Talks.

1283
01:06:55,200 --> 01:06:57,920
Speaker 3: Good evening, it is seven after six. You're on News Talks.

1284
01:06:58,200 --> 01:07:00,400
Speaker 3: I'm Ryan Bridge and for Heather Today. Great to have

1285
01:07:00,480 --> 01:07:02,840
Speaker 3: your company. We're going to look in just a few

1286
01:07:02,880 --> 01:07:05,520
Speaker 3: moments actually with Shane Soley for our market update at

1287
01:07:05,600 --> 01:07:07,880
Speaker 3: the China Central Economic Work Conference.

1288
01:07:07,920 --> 01:07:08,360
Speaker 20: What is that?

1289
01:07:08,400 --> 01:07:11,360
Speaker 3: Sounds a bit boring but quite important, It turns out

1290
01:07:11,400 --> 01:07:14,320
Speaker 3: because they're looking at stimulus and that obviously has a

1291
01:07:14,400 --> 01:07:16,960
Speaker 3: huge effect on our largest trading partner, which in turn

1292
01:07:17,000 --> 01:07:18,920
Speaker 3: has a huge effect on us. We'll look at that shortly. Also,

1293
01:07:18,960 --> 01:07:22,600
Speaker 3: insulation changes. The governments talked about game on insulation. Now

1294
01:07:22,600 --> 01:07:26,080
Speaker 3: they're backing back slightly from those changes. Will fully in

1295
01:07:26,200 --> 01:07:29,240
Speaker 3: on the details right now, though, it is time to

1296
01:07:29,600 --> 01:07:32,360
Speaker 3: get you across what's happening with the Finance Minister. Nicola

1297
01:07:32,400 --> 01:07:35,680
Speaker 3: Willis is with us live from Wellington. Minister, good evening,

1298
01:07:36,280 --> 01:07:38,080
Speaker 3: Good evening, man, Great to have you on the show.

1299
01:07:38,120 --> 01:07:39,640
Speaker 3: I want to start there's obviously a lot to talk

1300
01:07:39,640 --> 01:07:43,280
Speaker 3: to you about the kiwibank changes, the ComCom report more generally,

1301
01:07:43,320 --> 01:07:46,280
Speaker 3: but let's start with the poll for our listeners. The

1302
01:07:46,440 --> 01:07:49,120
Speaker 3: latest one News Comma Brunton Pole has National steady on

1303
01:07:49,200 --> 01:07:52,200
Speaker 3: thirty seven percent, Labor steady on twenty nine, Greens down

1304
01:07:52,240 --> 01:07:54,800
Speaker 3: two on ten, the Maori Party to Party Maori is

1305
01:07:54,920 --> 01:07:59,560
Speaker 3: up three on seven percent. What do you think, Deputy

1306
01:07:59,560 --> 01:08:02,000
Speaker 3: prime Minister, what does this tell us about sentiment out there?

1307
01:08:02,760 --> 01:08:05,160
Speaker 9: Well, thanks for the promotion. I'm not the Deputy Prime minister,

1308
01:08:05,240 --> 01:08:08,280
Speaker 9: but I'll take it from you. Look, I think that

1309
01:08:08,360 --> 01:08:11,160
Speaker 9: New Zealanders want to see the government focused on the

1310
01:08:11,160 --> 01:08:13,600
Speaker 9: things that affect them and their families, which is right now.

1311
01:08:13,640 --> 01:08:16,760
Speaker 9: It's the economy, it's jobs, it's incomes, it's the cost

1312
01:08:16,760 --> 01:08:19,240
Speaker 9: of living. It's also that they want to see good

1313
01:08:19,360 --> 01:08:21,879
Speaker 9: education services, they want to see law and order, restored

1314
01:08:22,200 --> 01:08:26,320
Speaker 9: health services. And yes there's been a significant debate about

1315
01:08:26,400 --> 01:08:29,800
Speaker 9: the Treaty Principal's Bill, and yes there are some voters

1316
01:08:30,400 --> 01:08:33,240
Speaker 9: who have shifted. But ultimately, as you see, the lead

1317
01:08:33,280 --> 01:08:36,559
Speaker 9: party and the government, the National Party is holding its vote.

1318
01:08:36,680 --> 01:08:40,599
Speaker 3: The taxpayer union carrier Pole not so rosy for you. You

1319
01:08:40,200 --> 01:08:46,160
Speaker 3: lost four point six points to the act Party strategy

1320
01:08:46,200 --> 01:08:48,160
Speaker 3: seems to be working. Now he's stealing your vote.

1321
01:08:48,680 --> 01:08:51,879
Speaker 9: Well, looks. As I say, there's a range of polls

1322
01:08:51,920 --> 01:08:54,320
Speaker 9: out there. We don't try and pay too much attention

1323
01:08:54,400 --> 01:08:57,840
Speaker 9: to any particular poll. We look at the trend over time,

1324
01:08:57,920 --> 01:08:59,920
Speaker 9: of course, to be aware of what New Zealand is

1325
01:09:00,120 --> 01:09:03,280
Speaker 9: thinking and saying, we listen to them and what I'm

1326
01:09:03,320 --> 01:09:05,960
Speaker 9: hearing in the communities that I've been in is that

1327
01:09:06,000 --> 01:09:10,439
Speaker 9: they want us really focused on the economy, on education,

1328
01:09:10,720 --> 01:09:13,559
Speaker 9: on health, on making sure our police have the support

1329
01:09:13,600 --> 01:09:14,920
Speaker 9: they need, and that's what we're focused on.

1330
01:09:15,200 --> 01:09:18,960
Speaker 3: With Kiwibank. You've gone for the option of potentially an

1331
01:09:19,040 --> 01:09:21,439
Speaker 3: IPO down the track, but at the moment five hundred

1332
01:09:21,439 --> 01:09:24,439
Speaker 3: million dollars lent needed from investors. You know your keep,

1333
01:09:24,439 --> 01:09:27,560
Speaker 3: we say, of funds, etc. Why not go the full IPO.

1334
01:09:28,960 --> 01:09:31,760
Speaker 9: For two reasons. One, kee We Bank themselves have said

1335
01:09:31,760 --> 01:09:33,640
Speaker 9: to us we're not going to be ready for that

1336
01:09:34,080 --> 01:09:37,080
Speaker 9: until around twenty twenty eight because they're in the midst

1337
01:09:37,080 --> 01:09:41,519
Speaker 9: of a big digital transformation, an investment, and they think

1338
01:09:41,520 --> 01:09:44,000
Speaker 9: that they'll be better placed for a public offering once

1339
01:09:44,080 --> 01:09:47,439
Speaker 9: that is complete. Second reason is that we've said that's

1340
01:09:47,439 --> 01:09:49,240
Speaker 9: not something we'll do in this term of government, but

1341
01:09:49,360 --> 01:09:51,560
Speaker 9: it is something that could happen in a future government.

1342
01:09:51,840 --> 01:09:54,880
Speaker 3: Are you leaving. Is that a further threat to the

1343
01:09:54,880 --> 01:09:56,559
Speaker 3: big banks.

1344
01:09:57,040 --> 01:10:01,120
Speaker 9: Well, I'm not interested in threatening the big I'm interested

1345
01:10:02,360 --> 01:10:02,719
Speaker 9: be fair.

1346
01:10:02,760 --> 01:10:04,120
Speaker 3: That's exactly what you did today.

1347
01:10:05,120 --> 01:10:07,559
Speaker 9: Well, can I tell you what my end goal is here?

1348
01:10:08,000 --> 01:10:11,800
Speaker 9: My end goal is I want more competitive banking services

1349
01:10:11,800 --> 01:10:15,280
Speaker 9: for New Zealanders. That means fairer prices, That means a

1350
01:10:15,520 --> 01:10:18,639
Speaker 9: more innovative services, that means a better range of services.

1351
01:10:18,640 --> 01:10:22,040
Speaker 9: And what the Commerce Commission and others have said is

1352
01:10:22,120 --> 01:10:25,599
Speaker 9: we lack robust competition in our banking sector, which means

1353
01:10:25,640 --> 01:10:28,519
Speaker 9: that New Zealand bank users are missing out on some

1354
01:10:28,600 --> 01:10:31,040
Speaker 9: of the benefits people over the ditch get and people

1355
01:10:31,040 --> 01:10:33,840
Speaker 9: in other countries around the world get. So what my

1356
01:10:34,040 --> 01:10:36,880
Speaker 9: end goal is, let's make sure Keywis get a fairer

1357
01:10:36,920 --> 01:10:39,479
Speaker 9: deal and on the way through YEP. That's going to

1358
01:10:39,520 --> 01:10:42,519
Speaker 9: involve some disruption to the major banks, and I'm putting

1359
01:10:42,560 --> 01:10:45,639
Speaker 9: it to them. They have every opportunity to do better,

1360
01:10:46,120 --> 01:10:49,200
Speaker 9: so they can do that today, and I'm asking them to.

1361
01:10:49,160 --> 01:10:50,080
Speaker 8: Do that exactly.

1362
01:10:50,560 --> 01:10:52,840
Speaker 3: Yeah, I've heard you say, what exactly are you asking

1363
01:10:52,880 --> 01:10:53,799
Speaker 3: them to do today?

1364
01:10:54,880 --> 01:10:55,000
Speaker 20: Well?

1365
01:10:55,000 --> 01:10:58,000
Speaker 9: The Comments Commission highlighted a few major areas that they

1366
01:10:58,040 --> 01:11:01,240
Speaker 9: expect the industry to move in one getting on with

1367
01:11:01,400 --> 01:11:04,360
Speaker 9: open banking so that there can be a greater range

1368
01:11:04,400 --> 01:11:08,800
Speaker 9: of financial services offered. Two making sure it's easier for

1369
01:11:08,880 --> 01:11:12,639
Speaker 9: people to switch banks, by improving that service that currently

1370
01:11:12,720 --> 01:11:16,080
Speaker 9: exists but isn't as effective as it could be. Three

1371
01:11:16,400 --> 01:11:20,120
Speaker 9: by making it easier for customers to compare home loan offers.

1372
01:11:20,280 --> 01:11:22,840
Speaker 9: So that's just three examples from the Commerce Commission report.

1373
01:11:23,000 --> 01:11:25,280
Speaker 9: Those are all things the industry have expressed to me

1374
01:11:25,760 --> 01:11:26,479
Speaker 9: they're keen to do.

1375
01:11:26,560 --> 01:11:26,720
Speaker 6: Well.

1376
01:11:26,760 --> 01:11:28,519
Speaker 9: I'm just saying, great, get on with it.

1377
01:11:28,520 --> 01:11:30,240
Speaker 3: Okay, by when when will this be done?

1378
01:11:30,240 --> 01:11:30,400
Speaker 20: By?

1379
01:11:31,400 --> 01:11:34,839
Speaker 9: Well, we're watching closely. The Comments Commission is monitoring the activity,

1380
01:11:34,840 --> 01:11:36,800
Speaker 9: and my message today was why not do it now?

1381
01:11:37,960 --> 01:11:42,080
Speaker 3: Well, good question. Let's talk about the latest OECD report

1382
01:11:42,080 --> 01:11:45,519
Speaker 3: because this is from last week, but it's painting a

1383
01:11:45,520 --> 01:11:47,800
Speaker 3: pretty bleak picture about the state of our economy at

1384
01:11:47,840 --> 01:11:52,160
Speaker 3: the moment. With GDP zero point six percent next year,

1385
01:11:52,160 --> 01:11:54,200
Speaker 3: though we're still only getting to one point four, not

1386
01:11:54,200 --> 01:11:57,439
Speaker 3: getting to north of two until twenty twenty six, underlying

1387
01:11:57,479 --> 01:12:02,040
Speaker 3: momentum is weak. You know, we're relying still on importing

1388
01:12:02,120 --> 01:12:04,960
Speaker 3: our migrants who are actually turning their noses up at

1389
01:12:05,040 --> 01:12:07,960
Speaker 3: us now a little bit in terms of inflows versus outflows.

1390
01:12:09,160 --> 01:12:13,920
Speaker 3: When does the National Party say, actually, this is we're

1391
01:12:14,000 --> 01:12:17,840
Speaker 3: taking accountability for this now, well.

1392
01:12:17,600 --> 01:12:20,639
Speaker 9: We are taking accountability for fixing the things we said

1393
01:12:20,640 --> 01:12:23,000
Speaker 9: we would. We said step one, you've got to get

1394
01:12:23,000 --> 01:12:26,080
Speaker 9: inflation under control. You've got to get interest rates coming down.

1395
01:12:26,120 --> 01:12:28,000
Speaker 9: You've got to work to get your books back and balance.

1396
01:12:28,040 --> 01:12:30,320
Speaker 9: We've been delivering progress on those fronts, and in fact,

1397
01:12:30,360 --> 01:12:33,639
Speaker 9: the OECD and their report endorse that and say, look,

1398
01:12:33,680 --> 01:12:37,080
Speaker 9: you're doing the right thing by being more sensible about

1399
01:12:37,120 --> 01:12:39,559
Speaker 9: the way that you're spending money. The next thing is

1400
01:12:39,600 --> 01:12:42,559
Speaker 9: we have to move every lever we can to make

1401
01:12:42,640 --> 01:12:45,680
Speaker 9: this a more productive economy that can grow faster. You're

1402
01:12:45,720 --> 01:12:49,320
Speaker 9: seeing us do that and our education reforms focusing on

1403
01:12:49,360 --> 01:12:52,360
Speaker 9: the basics and making sure that we've got those fast

1404
01:12:52,400 --> 01:12:55,639
Speaker 9: track projects up and running so that they're not mired

1405
01:12:55,800 --> 01:12:59,880
Speaker 9: in red tape, complexity and delay. By reducing regulation and

1406
01:13:00,040 --> 01:13:02,200
Speaker 9: other areas of the economy, from the Building Act to

1407
01:13:02,240 --> 01:13:05,920
Speaker 9: the Consumer and Credit Finance Act. You're seeing us consolidate

1408
01:13:06,800 --> 01:13:11,240
Speaker 9: overseas trade agreements with the new arrangements with the United

1409
01:13:11,280 --> 01:13:13,880
Speaker 9: Arab Emirates and the GCC. We've got to keep doing

1410
01:13:13,920 --> 01:13:16,759
Speaker 9: those things, and no one says any one of those

1411
01:13:16,760 --> 01:13:20,600
Speaker 9: things will deliver a bigger growth number overnight, But collectively,

1412
01:13:20,720 --> 01:13:23,360
Speaker 9: you've got to keep pushing your foot down to the medal.

1413
01:13:23,439 --> 01:13:25,240
Speaker 9: And this is a government that is.

1414
01:13:25,800 --> 01:13:28,000
Speaker 3: Your surplus is going to have to be delayed again.

1415
01:13:28,040 --> 01:13:31,400
Speaker 3: You've got the halfily fiscal update next week and you're

1416
01:13:31,439 --> 01:13:33,400
Speaker 3: widely I mean, I've spoken to you about this before.

1417
01:13:33,400 --> 01:13:35,960
Speaker 3: You've basically said, without saying it, that you're going to

1418
01:13:35,960 --> 01:13:38,639
Speaker 3: have to push the surplus out again to those further

1419
01:13:38,840 --> 01:13:40,720
Speaker 3: on the right than you, and you've just lost four

1420
01:13:40,760 --> 01:13:43,439
Speaker 3: and a half points to them who say, actually, you

1421
01:13:43,479 --> 01:13:45,960
Speaker 3: should be going harder with the cuts, you should be

1422
01:13:46,000 --> 01:13:48,840
Speaker 3: getting back to surplus when you promise to you're just

1423
01:13:49,080 --> 01:13:52,920
Speaker 3: labor light. What do you say, well, I just reject that.

1424
01:13:53,080 --> 01:13:57,200
Speaker 9: Now. First budget we delivered twenty three billion dollars worth

1425
01:13:57,200 --> 01:14:01,880
Speaker 9: of savings beyond what Labor had even contemplated. I do

1426
01:14:02,000 --> 01:14:05,280
Speaker 9: have some bottom lines though. For me, I want to

1427
01:14:05,400 --> 01:14:09,320
Speaker 9: ensure that we continue to deliver good frontline services. And yes,

1428
01:14:09,400 --> 01:14:13,400
Speaker 9: that means more money for schools, more money for the police,

1429
01:14:13,640 --> 01:14:16,080
Speaker 9: more money for the health system, and I don't apologize

1430
01:14:16,120 --> 01:14:18,600
Speaker 9: for that. I also want to ensure we continue to

1431
01:14:18,600 --> 01:14:21,200
Speaker 9: have a social safety net so that those who do

1432
01:14:21,280 --> 01:14:24,960
Speaker 9: become unemployed can look to have some support, but also

1433
01:14:25,479 --> 01:14:28,639
Speaker 9: that we expect them back into work and have services

1434
01:14:28,680 --> 01:14:32,840
Speaker 9: to prompt that. So it is about striking the right balance. Ultimately,

1435
01:14:32,880 --> 01:14:35,160
Speaker 9: I think the thing we can all agree on across

1436
01:14:35,200 --> 01:14:39,400
Speaker 9: the political spectrum is if you want more choices about jobs,

1437
01:14:39,439 --> 01:14:41,800
Speaker 9: incomes and what you spend money on, you need a

1438
01:14:41,800 --> 01:14:45,600
Speaker 9: wealthier economy. And that's why we're so focused on rebuilding

1439
01:14:45,640 --> 01:14:48,360
Speaker 9: the economy so it grows faster and we can have

1440
01:14:48,479 --> 01:14:50,040
Speaker 9: better choices and future budgets.

1441
01:14:50,200 --> 01:14:53,040
Speaker 3: Right just before we're hugging the center well and truly there,

1442
01:14:53,040 --> 01:14:55,519
Speaker 3: which I can't blame you. That's what you've been parties

1443
01:14:55,520 --> 01:14:58,840
Speaker 3: have got to do, minister, just before you go the

1444
01:14:58,840 --> 01:15:01,680
Speaker 3: fairies tomorrow we get the announcement on Wednesday.

1445
01:15:02,520 --> 01:15:04,240
Speaker 9: You will get an announcement this week.

1446
01:15:04,720 --> 01:15:07,439
Speaker 3: Oh we hang on. Winston said it had to be

1447
01:15:07,479 --> 01:15:09,839
Speaker 3: by Wednesday, So it has to be either tomorrow or Wednesday,

1448
01:15:09,840 --> 01:15:10,240
Speaker 3: doesn't it.

1449
01:15:10,920 --> 01:15:12,200
Speaker 9: He did, and he's a man of his word.

1450
01:15:12,400 --> 01:15:12,719
Speaker 21: Okay.

1451
01:15:13,320 --> 01:15:16,520
Speaker 3: And will they have trains on them.

1452
01:15:16,400 --> 01:15:19,080
Speaker 9: Yes, they will be rail compatible. That has always been

1453
01:15:19,439 --> 01:15:22,439
Speaker 9: a really important driver for the Cabinet that the connection

1454
01:15:22,520 --> 01:15:25,679
Speaker 9: across the Cook Strait needs to be one that allows

1455
01:15:25,800 --> 01:15:29,000
Speaker 9: freight to travel from rail from the North to South Island.

1456
01:15:29,240 --> 01:15:32,719
Speaker 9: There are ryan a number of ways of achieving Yeah.

1457
01:15:32,840 --> 01:15:35,880
Speaker 3: So not necessarily the train's going on the ferry, but

1458
01:15:36,120 --> 01:15:38,240
Speaker 3: just the freight from the trains going on the ferry

1459
01:15:38,280 --> 01:15:39,200
Speaker 3: and then back on to rail.

1460
01:15:40,080 --> 01:15:42,719
Speaker 9: Look, there are going to be a range of questions

1461
01:15:42,720 --> 01:15:46,000
Speaker 9: that I look forward to answering later this week. It's

1462
01:15:46,040 --> 01:15:47,840
Speaker 9: going to be a big announcement and I think New

1463
01:15:47,920 --> 01:15:50,800
Speaker 9: Zealanders will get confidence from that announcement that we've taken

1464
01:15:50,840 --> 01:15:54,479
Speaker 9: prudent steps to secure safe, reliable ferry crossings into the future.

1465
01:15:54,960 --> 01:15:56,799
Speaker 3: Minister, thank you very much for your time. Much appreciated.

1466
01:15:56,880 --> 01:15:59,160
Speaker 3: Nikola Willistee, Finance Minister at sixteen after.

1467
01:15:59,040 --> 01:16:03,000
Speaker 1: Six Analysis from the Experts, bringing you everything you need

1468
01:16:03,040 --> 01:16:05,800
Speaker 1: to know on the US election. It's the Business Hour

1469
01:16:05,920 --> 01:16:08,919
Speaker 1: with Heather Duplicy, Allen and my Hr Ehr.

1470
01:16:09,000 --> 01:16:11,400
Speaker 2: Solution for busy SMEs used Talk.

1471
01:16:11,280 --> 01:16:16,160
Speaker 3: ZB nineteen after six News Talk CB. Well, we just

1472
01:16:16,200 --> 01:16:18,519
Speaker 3: had Nicola Willis, the Finance Minister on the program telling

1473
01:16:18,600 --> 01:16:22,000
Speaker 3: us that she is beefing up Kiwi Bank allowing five

1474
01:16:22,080 --> 01:16:26,040
Speaker 3: hundred million dollars of extra capital into Kiwibank to try

1475
01:16:26,080 --> 01:16:28,360
Speaker 3: and bolster it, to try and make it more competitive

1476
01:16:28,360 --> 01:16:31,479
Speaker 3: against the Australian owned banks and hopefully increase competition in

1477
01:16:31,520 --> 01:16:34,599
Speaker 3: the sector, thereby reducing prices for us. Does that sound

1478
01:16:34,640 --> 01:16:37,439
Speaker 3: like a pipe drink? Let's go to Shane Solly, Harborrestic Management,

1479
01:16:37,439 --> 01:16:38,120
Speaker 3: Shane good evening.

1480
01:16:38,560 --> 01:16:39,760
Speaker 8: Yeah, Hey Ryan, how are you good?

1481
01:16:39,800 --> 01:16:41,759
Speaker 3: Thank you? Is this plan going to work?

1482
01:16:42,479 --> 01:16:42,679
Speaker 8: Look?

1483
01:16:42,720 --> 01:16:44,559
Speaker 22: I think it's a start, right, There's a long way

1484
01:16:44,560 --> 01:16:47,080
Speaker 22: to go with this business. Assumingly injecting out of five

1485
01:16:47,120 --> 01:16:49,960
Speaker 22: and ared million into the business provised with a better

1486
01:16:50,000 --> 01:16:54,400
Speaker 22: competitive start point with strand banks. I think importingly, Merster

1487
01:16:54,439 --> 01:16:58,120
Speaker 22: Willis has talked about opening up that five hundred bion

1488
01:16:58,200 --> 01:17:00,920
Speaker 22: to broader range of the You on investors, right, the

1489
01:17:01,080 --> 01:17:04,519
Speaker 22: q WE says the institutional investors that really open up

1490
01:17:04,520 --> 01:17:07,040
Speaker 22: the taps there and that changes things over the medium term.

1491
01:17:07,040 --> 01:17:08,840
Speaker 22: And I think so there is there is a bit

1492
01:17:08,840 --> 01:17:10,640
Speaker 22: of a change in the tone here. Is this is

1493
01:17:10,640 --> 01:17:11,439
Speaker 22: an important move?

1494
01:17:12,000 --> 01:17:15,120
Speaker 3: Yeah, you mentioned the institutional and the key WE saver funds,

1495
01:17:15,120 --> 01:17:17,479
Speaker 3: et cetera. But what about the rest of us. We're

1496
01:17:17,520 --> 01:17:20,479
Speaker 3: potentially a couple of years away. What does that do

1497
01:17:20,680 --> 01:17:21,759
Speaker 3: to the share price.

1498
01:17:22,439 --> 01:17:24,040
Speaker 8: Yeah, look, I think a good point. Ryan.

1499
01:17:24,320 --> 01:17:26,719
Speaker 22: One of the things is many of us are investors

1500
01:17:26,720 --> 01:17:28,360
Speaker 22: in qv say this, so you and I will have

1501
01:17:28,400 --> 01:17:32,559
Speaker 22: a small amount of capital potentially invested in this que

1502
01:17:32,640 --> 01:17:37,720
Speaker 22: we saver fund before potentially on the twenty twenty eight

1503
01:17:37,840 --> 01:17:40,720
Speaker 22: post and new digital transformation. So I think, you know,

1504
01:17:40,760 --> 01:17:42,960
Speaker 22: we've got a long way to go. It's going to

1505
01:17:42,960 --> 01:17:44,560
Speaker 22: take time for the business to put that kebble of

1506
01:17:44,600 --> 01:17:46,000
Speaker 22: the work, so hopefully they do a good job.

1507
01:17:46,120 --> 01:17:48,880
Speaker 3: Yeah, have obviously a lot of retric today from the

1508
01:17:48,880 --> 01:17:52,160
Speaker 3: Finance minister. Have the big banks share prices reacted to

1509
01:17:52,200 --> 01:17:53,559
Speaker 3: the news, Well.

1510
01:17:53,400 --> 01:17:55,400
Speaker 22: I think it's earlier, right, It's going to take time

1511
01:17:55,439 --> 01:17:59,160
Speaker 22: for investors to really analyze what this revised financial politi

1512
01:17:59,240 --> 01:18:03,000
Speaker 22: in it and what the Reserve bank expectations changed mean.

1513
01:18:03,439 --> 01:18:05,640
Speaker 22: You know, we are going to watch closely what the

1514
01:18:05,760 --> 01:18:10,040
Speaker 22: risk waiting for bank lending and the minimum capital requirements

1515
01:18:10,040 --> 01:18:11,880
Speaker 22: for new entrants. Those they're probably the two biggies as

1516
01:18:11,920 --> 01:18:14,200
Speaker 22: soon as the announcements. But yeah, look, the initial reaction

1517
01:18:14,320 --> 01:18:17,960
Speaker 22: was was pretty muted. National Australian Bank share price was

1518
01:18:18,000 --> 01:18:19,880
Speaker 22: actually down a half a percent to thirty eight sixty

1519
01:18:19,960 --> 01:18:23,120
Speaker 22: Australian we's packed twenty flat thirty two seventy seven Australian

1520
01:18:23,320 --> 01:18:26,400
Speaker 22: CBA actually up one percent to one hundred and fifty

1521
01:18:26,439 --> 01:18:29,519
Speaker 22: eight dollars eighty Australian. There interesting one where's amz That

1522
01:18:29,600 --> 01:18:31,560
Speaker 22: shear price was down to three point four percent to

1523
01:18:31,800 --> 01:18:35,960
Speaker 22: Australian thirty dollars ten. The current chief executive officer, Shane

1524
01:18:35,960 --> 01:18:40,000
Speaker 22: Elliott has retired and as replacement is a chap called

1525
01:18:40,120 --> 01:18:43,760
Speaker 22: Nuna Matos who's come from HSBC. So the market was

1526
01:18:43,800 --> 01:18:46,280
Speaker 22: kind of a bit there. So no I think in today,

1527
01:18:47,120 --> 01:18:50,800
Speaker 22: no reaction from the Australian banks at this stage. But look,

1528
01:18:50,840 --> 01:18:53,320
Speaker 22: you know, give it twenty four hours, maybe some move tomorrow.

1529
01:18:53,360 --> 01:18:54,960
Speaker 3: All right, we'll keep an eye on it. What about

1530
01:18:54,960 --> 01:18:57,800
Speaker 3: Aulkland International Airport? Obviously the council has sold off its years.

1531
01:18:57,840 --> 01:19:00,560
Speaker 22: Any change, Yeah, Look, I think what we've seen is

1532
01:19:00,600 --> 01:19:05,599
Speaker 22: that saildown was really well accepted by a wide range

1533
01:19:05,600 --> 01:19:06,120
Speaker 22: of investors.

1534
01:19:06,120 --> 01:19:09,400
Speaker 8: It increases this investable pool for us and our Kivy Savers,

1535
01:19:09,439 --> 01:19:10,200
Speaker 8: Ryan and others.

1536
01:19:11,160 --> 01:19:13,040
Speaker 22: And so we have actually seen the ship Rice go

1537
01:19:13,160 --> 01:19:15,439
Speaker 22: up again today, up another two point seven to eight

1538
01:19:15,479 --> 01:19:18,160
Speaker 22: dollars thirty four and one of the main reasons was

1539
01:19:18,200 --> 01:19:22,120
Speaker 22: because it's waiting in the benchmark Insodex fifty. That's the

1540
01:19:22,120 --> 01:19:24,840
Speaker 22: one that many people's qvs that are a match too

1541
01:19:25,240 --> 01:19:28,320
Speaker 22: went up really good demand, and I think that opens

1542
01:19:28,360 --> 01:19:33,280
Speaker 22: the door for either quale defensive businesses to potentially sell

1543
01:19:33,320 --> 01:19:35,280
Speaker 22: it on blocks. And if I think about some of

1544
01:19:35,320 --> 01:19:37,360
Speaker 22: the council in stakes and say port A Terra or

1545
01:19:37,479 --> 01:19:40,240
Speaker 22: make your port and even some of the US government

1546
01:19:40,280 --> 01:19:43,160
Speaker 22: owned stakes and companies like Meridian, Mercury Genesis and of

1547
01:19:43,200 --> 01:19:44,080
Speaker 22: course KIV Bank.

1548
01:19:44,080 --> 01:19:48,559
Speaker 3: Today, Yeah, yeah, I see Jerome Powell. Trump has said

1549
01:19:48,600 --> 01:19:50,680
Speaker 3: you can keep your job for now. I think I

1550
01:19:50,680 --> 01:19:52,519
Speaker 3: think he's on our turn three to twenty twenty six.

1551
01:19:52,920 --> 01:19:55,880
Speaker 3: But the Fed obviously making another rate cut decision. We

1552
01:19:55,960 --> 01:19:59,439
Speaker 3: had weaker US unemployment data come out, softer US unemployment

1553
01:19:59,479 --> 01:20:01,200
Speaker 3: dot to come out last week. What do you pick?

1554
01:20:01,960 --> 01:20:03,840
Speaker 22: Yeah, look, I think we are on track for the

1555
01:20:04,479 --> 01:20:08,160
Speaker 22: Fed to cut another point two five percent that's due

1556
01:20:08,400 --> 01:20:11,599
Speaker 22: next week on the eighteenth, and the market is certainly

1557
01:20:11,680 --> 01:20:15,599
Speaker 22: baked and about eighty five percent probably that occurring after

1558
01:20:15,640 --> 01:20:18,000
Speaker 22: these weaker unemployment data. That helping me see all that

1559
01:20:18,080 --> 01:20:20,040
Speaker 22: ran that the US FED speakers there's been sort of

1560
01:20:20,080 --> 01:20:22,439
Speaker 22: go now we can perhaps tape taper the pace of

1561
01:20:22,479 --> 01:20:25,760
Speaker 22: rate cups. That activity is really strong in the US,

1562
01:20:26,080 --> 01:20:28,880
Speaker 22: it's robust in certainly inflation it's slowing, but we're just

1563
01:20:28,960 --> 01:20:30,800
Speaker 22: keeping an eye it. But yeah, the odds are that

1564
01:20:30,840 --> 01:20:33,120
Speaker 22: they're going to cut another point two five percent.

1565
01:20:33,200 --> 01:20:38,080
Speaker 3: The Chinese Central Economic Work Conference. Sell it to me, Shane, Yeah.

1566
01:20:38,280 --> 01:20:40,280
Speaker 8: It's one that's a bit of a sleeper people don't

1567
01:20:40,320 --> 01:20:42,840
Speaker 8: keep an eye on, and you've.

1568
01:20:42,080 --> 01:20:42,519
Speaker 20: Picked it up.

1569
01:20:42,560 --> 01:20:45,160
Speaker 22: Well, it's an extension of the Poop Bureau meeting that

1570
01:20:45,200 --> 01:20:47,960
Speaker 22: happened a few months ago when the Chinese government actually

1571
01:20:47,960 --> 01:20:51,000
Speaker 22: have a bunch of difference policies to try and stimulate

1572
01:20:51,040 --> 01:20:51,519
Speaker 22: the economy.

1573
01:20:51,560 --> 01:20:51,720
Speaker 6: Act.

1574
01:20:52,000 --> 01:20:55,160
Speaker 8: Of course, we're in a Trump trade war two point

1575
01:20:55,240 --> 01:20:56,000
Speaker 8: zero environment.

1576
01:20:56,040 --> 01:20:58,400
Speaker 22: Now the Chinese regulators can perhaps see some of the

1577
01:20:58,400 --> 01:21:01,200
Speaker 22: policy coming down. We're to be looking for policies that

1578
01:21:01,280 --> 01:21:06,040
Speaker 22: support domestic demand next year, particularly in property and consumption now,

1579
01:21:06,200 --> 01:21:09,000
Speaker 22: and this is are pretty cautious about getting too much out.

1580
01:21:09,080 --> 01:21:11,400
Speaker 22: We're not expecting a lot, but there could be some upside,

1581
01:21:11,400 --> 01:21:13,800
Speaker 22: particularly for New zeal And goods and services explorers, if

1582
01:21:13,840 --> 01:21:16,479
Speaker 22: we do see some more stimular staff to come through.

1583
01:21:16,520 --> 01:21:18,679
Speaker 22: The Chinese economy obviously been pretty slow with the last

1584
01:21:18,720 --> 01:21:19,520
Speaker 22: few years.

1585
01:21:19,840 --> 01:21:23,360
Speaker 3: Yeah, absolutely crucial for us and really interesting and alysis Shane,

1586
01:21:23,400 --> 01:21:26,080
Speaker 3: thank you very much. Shane Soley the harbor asset management

1587
01:21:26,080 --> 01:21:28,360
Speaker 3: with us this evening just gone twenty four minutes after six.

1588
01:21:28,880 --> 01:21:31,400
Speaker 3: You're on Newstalks Bill, get some of your feedback next. Also,

1589
01:21:31,479 --> 01:21:34,719
Speaker 3: the guy that might take over Syria from Bisher Alis sat.

1590
01:21:35,200 --> 01:21:39,080
Speaker 1: Crunching the numbers and getting the results. It's Ryan Bridge

1591
01:21:39,120 --> 01:21:42,720
Speaker 1: with the Business Hour thanks to my HR the HR

1592
01:21:42,800 --> 01:21:46,360
Speaker 1: solution for busy Smmy's on News Talk ZB.

1593
01:21:46,120 --> 01:21:49,120
Speaker 3: Twenty seven after six. Donald Trump, before the election was

1594
01:21:49,160 --> 01:21:52,360
Speaker 3: talking about tariff's, tariff's tariffs, and everyone says, don't worry

1595
01:21:52,600 --> 01:21:55,080
Speaker 3: the threat. You know, his bark will be bigger than

1596
01:21:55,120 --> 01:21:58,160
Speaker 3: his bite. While today he was on one of the

1597
01:21:58,160 --> 01:22:01,320
Speaker 3: network's NBC over in the United States and he reiterated

1598
01:22:01,439 --> 01:22:03,240
Speaker 3: his favorite word in the English language.

1599
01:22:03,520 --> 01:22:04,960
Speaker 2: I'm a big believer in tariff's.

1600
01:22:05,000 --> 01:22:06,840
Speaker 14: I think tariffs are the most beautiful word.

1601
01:22:06,920 --> 01:22:07,879
Speaker 16: I think they're beautiful.

1602
01:22:07,880 --> 01:22:10,120
Speaker 14: It's going to make us rich now.

1603
01:22:09,920 --> 01:22:12,880
Speaker 3: To be fair, he was speaking exclusively there about the

1604
01:22:12,880 --> 01:22:15,639
Speaker 3: three biggest trading partners in the United States in Canada, Mexico

1605
01:22:15,760 --> 01:22:18,519
Speaker 3: and China. So should we be worried down here in

1606
01:22:18,560 --> 01:22:21,960
Speaker 3: little Old New Zealand. Well, we should be as worried

1607
01:22:22,320 --> 01:22:25,800
Speaker 3: as the work that our diplomats are putting in over

1608
01:22:25,840 --> 01:22:28,879
Speaker 3: in America. And I'm looking at thinking of our embassy

1609
01:22:28,920 --> 01:22:30,880
Speaker 3: over in Washington, DC right now. They have a big

1610
01:22:30,960 --> 01:22:34,000
Speaker 3: job ahead of them. They need to be schmoozing and

1611
01:22:34,120 --> 01:22:39,960
Speaker 3: whining and dining and partying with anyone even loosely associated

1612
01:22:40,000 --> 01:22:42,640
Speaker 3: with the Republicans and Donald Trump to get us on

1613
01:22:43,400 --> 01:22:45,280
Speaker 3: curry some favor with them so that we don't get

1614
01:22:45,320 --> 01:22:49,200
Speaker 3: hit with these tariffs. How long have we got here? Nope,

1615
01:22:49,240 --> 01:22:52,040
Speaker 3: not long? Okay. I'll tell you after the News at

1616
01:22:52,080 --> 01:22:57,240
Speaker 3: half six about the transformation from a jihadi rebel to

1617
01:22:57,360 --> 01:23:02,880
Speaker 3: potentially a president with Syria.

1618
01:23:10,560 --> 01:23:13,800
Speaker 2: Whether it's macro micro or just playing economics.

1619
01:23:13,920 --> 01:23:17,000
Speaker 1: It's all on the Business Hour with Ryan Bridge and

1620
01:23:17,240 --> 01:23:26,200
Speaker 1: my HR the HR Solution for busy SMEs used TALKSB.

1621
01:23:31,880 --> 01:23:34,719
Speaker 3: Twenty four away from seven newsporg ZB. I'm Ryan Bridge

1622
01:23:34,720 --> 01:23:36,040
Speaker 3: and for here the great to have you coming this

1623
01:23:36,080 --> 01:23:37,400
Speaker 3: evening and I tell you what we're going to get

1624
01:23:37,400 --> 01:23:39,880
Speaker 3: to the UK are UK correspondent Gainning By just before

1625
01:23:39,960 --> 01:23:43,240
Speaker 3: seven this evening. We're going to talk standards for insulation

1626
01:23:43,320 --> 01:23:45,080
Speaker 3: in just a second. But I wanted to bring you

1627
01:23:45,080 --> 01:23:49,560
Speaker 3: your attention to the guy who potentially might replacesher Alissad

1628
01:23:49,720 --> 01:23:54,640
Speaker 3: as the man who essentially leads Syria. And what a transformation.

1629
01:23:54,840 --> 01:23:58,879
Speaker 3: Just imagine this. You're you're a gee hardy rebel fighting

1630
01:23:58,880 --> 01:24:02,160
Speaker 3: in the desert, and how do you make that transformation

1631
01:24:02,320 --> 01:24:06,519
Speaker 3: into you know, somebody of the caliber to be president

1632
01:24:06,920 --> 01:24:10,560
Speaker 3: of a country lank Syria. Well, you change your name basically,

1633
01:24:11,000 --> 01:24:14,400
Speaker 3: and you have a makeover. It's essentially what this guy

1634
01:24:14,439 --> 01:24:17,760
Speaker 3: has been doing. His name is Abu Muhammad al Jalani.

1635
01:24:18,280 --> 01:24:21,559
Speaker 3: He is the head of the HTS, one of the

1636
01:24:21,920 --> 01:24:23,719
Speaker 3: rebel groups that we've been hearing about in the news

1637
01:24:23,720 --> 01:24:26,160
Speaker 3: over the last couple of days. And what he's been

1638
01:24:26,200 --> 01:24:30,120
Speaker 3: doing in his communic case since Thursday has been using

1639
01:24:30,240 --> 01:24:34,640
Speaker 3: a different name. He has dropped his non degear and

1640
01:24:34,680 --> 01:24:37,120
Speaker 3: he is now using his real name, which is Arhmed

1641
01:24:37,200 --> 01:24:40,880
Speaker 3: al Shahrah. So he's changed his name. That is step

1642
01:24:40,960 --> 01:24:44,840
Speaker 3: number one to becoming you know, I suppose establishment like

1643
01:24:45,320 --> 01:24:48,320
Speaker 3: Step number two is changed a wardrobe. Once clad in

1644
01:24:48,360 --> 01:24:52,559
Speaker 3: traditional jihadist militant attire, he has adopted a more western

1645
01:24:52,640 --> 01:24:56,400
Speaker 3: style wardrobe over the last several years, and commentators say

1646
01:24:56,400 --> 01:24:58,880
Speaker 3: that these are signs that he wants the job and

1647
01:24:58,880 --> 01:25:01,160
Speaker 3: that he's out to get it. Twenty three away from

1648
01:25:01,200 --> 01:25:04,240
Speaker 3: seven Ryan Bridge, the government has decided not to roll

1649
01:25:04,280 --> 01:25:07,160
Speaker 3: back the new insulation standards that were introduced last year.

1650
01:25:07,320 --> 01:25:09,680
Speaker 3: The Construction Minister, Chris Penk organized a review of the

1651
01:25:09,920 --> 01:25:12,519
Speaker 3: H one standards after reports that they made building a

1652
01:25:12,520 --> 01:25:15,559
Speaker 3: new house cost forty to fifty thousand dollars more. But

1653
01:25:16,320 --> 01:25:18,040
Speaker 3: there was a backlash from the industry and now the

1654
01:25:18,080 --> 01:25:21,200
Speaker 3: Minister is going to keep the standards but makes some

1655
01:25:21,320 --> 01:25:24,040
Speaker 3: changes to them. The changes are going out for public consultation.

1656
01:25:24,160 --> 01:25:27,320
Speaker 3: Malcolm Fleming is the chief executive of Certifiabilities with me now,

1657
01:25:27,360 --> 01:25:27,880
Speaker 3: good evening.

1658
01:25:30,560 --> 01:25:32,719
Speaker 20: Fighting me on to your show not a problem.

1659
01:25:33,000 --> 01:25:35,439
Speaker 3: It's a pleasure to have you here. Are you pleased

1660
01:25:35,479 --> 01:25:37,880
Speaker 3: with this outcome not dropping the standards altogether?

1661
01:25:39,400 --> 01:25:43,800
Speaker 20: Yes we are, And he's introduced the Minister has introduced

1662
01:25:44,640 --> 01:25:49,080
Speaker 20: a change in terms of eliminating the availability of what

1663
01:25:49,080 --> 01:25:54,719
Speaker 20: they call in scheduling method to assess the insallation available

1664
01:25:54,760 --> 01:25:57,879
Speaker 20: in the house and that change has been well with signals.

1665
01:25:58,040 --> 01:26:02,080
Speaker 20: It signaled and presents a sensible solution and demonstrates that

1666
01:26:02,120 --> 01:26:04,320
Speaker 20: the Minister has listened to the industry on this matter.

1667
01:26:04,439 --> 01:26:07,360
Speaker 3: Did he get it wrong initially when he said, you

1668
01:26:07,400 --> 01:26:09,719
Speaker 3: know it was it was forty to fifty grand per house.

1669
01:26:11,560 --> 01:26:16,160
Speaker 20: Yeah, we're advocating strongly to the Minister that that sort

1670
01:26:16,200 --> 01:26:19,360
Speaker 20: of level of cost was a little bit over blind

1671
01:26:19,840 --> 01:26:23,080
Speaker 20: and to demonstrate that, we surveyed a membership base. But

1672
01:26:23,120 --> 01:26:25,599
Speaker 20: we also did a case study with a new ended

1673
01:26:25,680 --> 01:26:31,120
Speaker 20: CV Design studios and when using the more sophisticated calculation method,

1674
01:26:31,160 --> 01:26:32,680
Speaker 20: which you're going to have to either use that or

1675
01:26:32,720 --> 01:26:37,160
Speaker 20: even more sophisticated modeling method going forward, it demonstrated that

1676
01:26:37,200 --> 01:26:40,599
Speaker 20: the costs impact on a new home, a standard sized

1677
01:26:40,640 --> 01:26:44,160
Speaker 20: home were pretty minimal. The Minister's officials did the same

1678
01:26:44,200 --> 01:26:46,639
Speaker 20: sort of numbers and came up the same scenerism.

1679
01:26:46,840 --> 01:26:49,080
Speaker 3: Right, And when you're talking about, just for those who

1680
01:26:49,120 --> 01:26:51,160
Speaker 3: aren't in the know, when you're talking about the modeling

1681
01:26:51,200 --> 01:26:53,760
Speaker 3: method that you're now going to be able to use

1682
01:26:54,439 --> 01:26:58,240
Speaker 3: that enables designers to adjust the things, adjust the insulation

1683
01:26:58,320 --> 01:27:01,400
Speaker 3: levels of things like walls and seas and underfloor, et cetera.

1684
01:27:02,800 --> 01:27:07,960
Speaker 20: Yeah, So there's been three types that you can use.

1685
01:27:08,120 --> 01:27:11,840
Speaker 20: The now defunct schedule method, which uses a table that

1686
01:27:12,120 --> 01:27:14,519
Speaker 20: was described I think I'm well described, butle I see

1687
01:27:14,640 --> 01:27:17,800
Speaker 20: in the Minister's also described as a blunt instrument, which

1688
01:27:17,800 --> 01:27:20,600
Speaker 20: it is that's no longer available going forward. So the

1689
01:27:20,680 --> 01:27:24,839
Speaker 20: more sophisticated methods, which are calculation which is an online

1690
01:27:24,960 --> 01:27:28,840
Speaker 20: calculator method, or the modern method which is descripted is software.

1691
01:27:29,120 --> 01:27:33,040
Speaker 20: Both of those are more sophisticated. They drive down the cost.

1692
01:27:33,120 --> 01:27:35,679
Speaker 20: They provide the designer and the build of greater hands

1693
01:27:35,720 --> 01:27:36,400
Speaker 20: ability as.

1694
01:27:36,320 --> 01:27:40,519
Speaker 3: Well, so it's more targeted. Essentially, it's more bespoke for

1695
01:27:40,640 --> 01:27:45,360
Speaker 3: each house, and therefore you're not potentially ramming insulation into

1696
01:27:45,360 --> 01:27:46,479
Speaker 3: a house that doesn't need.

1697
01:27:48,080 --> 01:27:51,080
Speaker 20: The best way to describe it, both those more sophisticated

1698
01:27:51,080 --> 01:27:53,720
Speaker 20: methods which we now need to use look at the

1699
01:27:53,800 --> 01:27:58,120
Speaker 20: house holistically, the whole house and its entirety, rather than

1700
01:27:58,160 --> 01:28:02,920
Speaker 20: elevation or material singularly, and that's the big difference, and

1701
01:28:02,960 --> 01:28:04,639
Speaker 20: it drives down costs when you use those.

1702
01:28:06,080 --> 01:28:07,720
Speaker 3: Bigger problem here, of course for the rest of us

1703
01:28:07,760 --> 01:28:09,960
Speaker 3: who are maybe trying to renovate or maybe trying to build,

1704
01:28:10,040 --> 01:28:12,880
Speaker 3: is that the price of building a house has gone up.

1705
01:28:12,920 --> 01:28:15,639
Speaker 3: I think the must have said over the last couple

1706
01:28:15,680 --> 01:28:16,840
Speaker 3: of years, what do we do about that?

1707
01:28:18,120 --> 01:28:19,800
Speaker 20: We need to drive down the cost of building, and

1708
01:28:19,840 --> 01:28:21,720
Speaker 20: there's there a number of ways of doing that. The

1709
01:28:21,760 --> 01:28:25,799
Speaker 20: government's tackled some of that. We're heading some headlines recently

1710
01:28:25,840 --> 01:28:31,800
Speaker 20: with looking to utilize building products from overseas and they

1711
01:28:31,800 --> 01:28:37,240
Speaker 20: are looking at from trusted jurisdictions. That's not the single answer,

1712
01:28:37,439 --> 01:28:39,639
Speaker 20: but it's part of the suite of options that they're

1713
01:28:39,640 --> 01:28:41,920
Speaker 20: looking at. They're also doing quite a lot of work

1714
01:28:42,000 --> 01:28:47,040
Speaker 20: in the compliance cutting area as well and putting streamlining

1715
01:28:47,080 --> 01:28:51,200
Speaker 20: the process which requires the buildings and designers to pick

1716
01:28:51,280 --> 01:28:53,400
Speaker 20: up some more of that risk. So those are being

1717
01:28:53,400 --> 01:28:57,720
Speaker 20: consulted with currently and as a suite of package could

1718
01:28:57,800 --> 01:29:01,439
Speaker 20: well lead to some costs savings. We agree with the

1719
01:29:01,479 --> 01:29:04,280
Speaker 20: Minister that the price of building in New Zeand is

1720
01:29:04,320 --> 01:29:06,439
Speaker 20: too high and we're determined to do something about it.

1721
01:29:06,640 --> 01:29:09,720
Speaker 3: You'll submit on these consultations on the changes, presumably, is

1722
01:29:09,720 --> 01:29:12,439
Speaker 3: there anything in there that you would like to you

1723
01:29:12,479 --> 01:29:15,000
Speaker 3: know that you will that you will submit to amend.

1724
01:29:16,880 --> 01:29:19,000
Speaker 20: In terms of these particular.

1725
01:29:19,920 --> 01:29:21,280
Speaker 3: H one changes.

1726
01:29:22,240 --> 01:29:24,920
Speaker 20: No, we're pretty happy with where we're lunded with H one.

1727
01:29:25,120 --> 01:29:28,800
Speaker 3: So basically, he came out, he said something outrageous. You responded,

1728
01:29:29,000 --> 01:29:31,000
Speaker 3: He listened. Everyone's happy.

1729
01:29:32,200 --> 01:29:36,000
Speaker 20: It's pretty much a good summary. We're lot for of

1730
01:29:36,000 --> 01:29:38,840
Speaker 20: the submission in terms of the detail, but as the outline,

1731
01:29:39,040 --> 01:29:43,760
Speaker 20: the board brush outline it has been proposed, demonstrates that

1732
01:29:43,800 --> 01:29:47,080
Speaker 20: he has indeed listened and that industry would be supportive

1733
01:29:47,200 --> 01:29:48,120
Speaker 20: of this change.

1734
01:29:48,200 --> 01:29:50,880
Speaker 3: Malcolm Fleming, Chief Executive, Certified Builders, thank you very much

1735
01:29:50,880 --> 01:29:53,800
Speaker 3: for your time. It is just gone, which begs the question,

1736
01:29:53,840 --> 01:29:55,679
Speaker 3: I mean, was it worth it in the first place?

1737
01:29:56,479 --> 01:29:58,400
Speaker 3: We have saved ourselves all of this time and energy

1738
01:29:58,400 --> 01:30:02,080
Speaker 3: and effort. Pose at least there was a change, and

1739
01:30:02,160 --> 01:30:04,720
Speaker 3: as Malcolm outline, there was a change going from the

1740
01:30:04,760 --> 01:30:08,519
Speaker 3: more prescriptive scheduling method which I didn't know about before

1741
01:30:09,240 --> 01:30:11,840
Speaker 3: this whole issue came up, to the modeling or to

1742
01:30:12,080 --> 01:30:13,439
Speaker 3: the calculation method.

1743
01:30:13,880 --> 01:30:14,479
Speaker 20: So there you go.

1744
01:30:14,640 --> 01:30:17,439
Speaker 3: Things you didn't know about building, the intricacies of building

1745
01:30:17,479 --> 01:30:19,799
Speaker 3: a house. Eighteen to sex News.

1746
01:30:19,680 --> 01:30:24,280
Speaker 1: TALKSB, everything from SMEs to the big corporates, The Business

1747
01:30:24,280 --> 01:30:28,360
Speaker 1: Hour with Ryan Bridge and MYHR, the HR solution for

1748
01:30:28,439 --> 01:30:30,840
Speaker 1: busy sm on News TALKSB.

1749
01:30:31,960 --> 01:30:34,040
Speaker 3: It has just gone Quarters to seven News Talks'd be

1750
01:30:34,120 --> 01:30:36,639
Speaker 3: great to have your company tonight. Lots of feedback on

1751
01:30:36,760 --> 01:30:38,760
Speaker 3: the government's moves on key we Bank we'll get to

1752
01:30:38,760 --> 01:30:41,280
Speaker 3: that in a second. Also, i'll tell you about some

1753
01:30:41,400 --> 01:30:43,960
Speaker 3: numbers on boot camps that might surprise you when you

1754
01:30:44,000 --> 01:30:47,520
Speaker 3: look at the success of boot camps versus the success

1755
01:30:47,640 --> 01:30:50,519
Speaker 3: of Labour's circuit breaker program. Now it is early days

1756
01:30:50,520 --> 01:30:52,400
Speaker 3: for boot camps, but I'll get to those numbers in

1757
01:30:52,400 --> 01:30:55,120
Speaker 3: just a second. Two. Right now, we're going to our

1758
01:30:55,200 --> 01:30:59,920
Speaker 3: UK correspondent, Gavin Gray, who's standing by Gavin. Good evening,

1759
01:31:00,400 --> 01:31:02,879
Speaker 3: Good morning to you, I should say, the UK Chancellor

1760
01:31:02,920 --> 01:31:05,400
Speaker 3: is off to talk with the European leaders. Why has

1761
01:31:05,439 --> 01:31:07,320
Speaker 3: this got some feeling about jittery.

1762
01:31:08,880 --> 01:31:14,080
Speaker 23: Because it is the first meeting between Chancellor of the UK,

1763
01:31:14,600 --> 01:31:18,040
Speaker 23: in this case Rachel Reeves and European counterparts. And the

1764
01:31:18,080 --> 01:31:20,800
Speaker 23: reason it's got people jittery here is that is the

1765
01:31:20,840 --> 01:31:24,479
Speaker 23: first meeting that's been organized talking of breaking down barriers

1766
01:31:24,479 --> 01:31:28,960
Speaker 23: to trade in closer, a resetting of relationships, closer relationships,

1767
01:31:29,160 --> 01:31:32,320
Speaker 23: and it's the first meeting since Brexit. So many Brexiteers

1768
01:31:32,360 --> 01:31:35,679
Speaker 23: believe that this may be a sort of soft way

1769
01:31:35,720 --> 01:31:39,080
Speaker 23: of trying to pave the way to closer links to

1770
01:31:39,120 --> 01:31:43,360
Speaker 23: the EU and a potential unraveling of Brexit. Now there'll

1771
01:31:43,400 --> 01:31:45,720
Speaker 23: be some who think, well, good, you know, that's what

1772
01:31:45,760 --> 01:31:48,839
Speaker 23: we need. But this is going to be extremely difficult

1773
01:31:48,880 --> 01:31:51,599
Speaker 23: for this government to try and sort of tack a path,

1774
01:31:51,680 --> 01:31:55,400
Speaker 23: a middle ground path. It has repeatedly said that it

1775
01:31:55,560 --> 01:31:59,439
Speaker 23: does not want to rejoin the Block, but this government

1776
01:31:59,520 --> 01:32:02,320
Speaker 23: has since it got elected in July repeatedly says it

1777
01:32:02,360 --> 01:32:04,719
Speaker 23: does want to deepen ties with the EU.

1778
01:32:04,800 --> 01:32:05,840
Speaker 3: Well, that's good.

1779
01:32:05,880 --> 01:32:08,519
Speaker 23: Everyone of course will be happy if there's better trade.

1780
01:32:08,960 --> 01:32:12,680
Speaker 23: The problem is twofold. The first, really, I think, is

1781
01:32:12,720 --> 01:32:15,639
Speaker 23: that it looks like Donald Trump is going to want

1782
01:32:15,640 --> 01:32:18,800
Speaker 23: to sort of either you choose the US or you

1783
01:32:18,920 --> 01:32:23,000
Speaker 23: choose the EU kind of decision from the UK. We'll

1784
01:32:23,040 --> 01:32:25,600
Speaker 23: wait to see that that is likely or unlikely, but

1785
01:32:25,920 --> 01:32:28,519
Speaker 23: many people believe he's going to be much much better

1786
01:32:28,840 --> 01:32:30,880
Speaker 23: for the UK if we decide to sort of lean

1787
01:32:30,960 --> 01:32:35,479
Speaker 23: towards him more in the Americas rather than European Union.

1788
01:32:35,960 --> 01:32:38,400
Speaker 23: But another big problem, of course, is that the European

1789
01:32:38,520 --> 01:32:42,919
Speaker 23: Union may want something back in return if we decide

1790
01:32:42,920 --> 01:32:44,920
Speaker 23: that we want things from them, And of course the

1791
01:32:44,920 --> 01:32:47,080
Speaker 23: big question is what would the UK give up for that.

1792
01:32:47,200 --> 01:32:50,479
Speaker 23: So Riggerieve's talking to those leaders a little later on today.

1793
01:32:50,680 --> 01:32:54,160
Speaker 3: Interesting and the Notre Dame Cathedral has held its first

1794
01:32:54,280 --> 01:32:57,080
Speaker 3: mess since it reopened, Yes.

1795
01:32:57,080 --> 01:33:00,519
Speaker 23: And a really really big ceremonies you could imagine that

1796
01:33:00,640 --> 01:33:03,679
Speaker 23: was for the VIPs, but its first mass in those

1797
01:33:03,720 --> 01:33:08,200
Speaker 23: five years is a massive, massive mark, and it was

1798
01:33:08,240 --> 01:33:11,080
Speaker 23: one of those occasions when France sort of went all

1799
01:33:11,120 --> 01:33:13,640
Speaker 23: out on on a big push, as you could imagine,

1800
01:33:14,360 --> 01:33:17,719
Speaker 23: and there were bishops from around the world, one hundred

1801
01:33:17,760 --> 01:33:20,479
Speaker 23: and seventy bishops plus one priest from each of the

1802
01:33:20,479 --> 01:33:24,280
Speaker 23: Paris is of the Paris Diocese. The work that's gone

1803
01:33:24,320 --> 01:33:27,960
Speaker 23: on for five years, costing what's said to be getting

1804
01:33:28,040 --> 01:33:31,120
Speaker 23: on for about one point eight billion New Zealand dollars,

1805
01:33:31,160 --> 01:33:34,639
Speaker 23: which has mostly come from donations around the world, involved

1806
01:33:34,680 --> 01:33:38,160
Speaker 23: some two thousand masons and carpenters a restorers roof as

1807
01:33:38,200 --> 01:33:41,800
Speaker 23: sculptors engineers on this project since that awful fire which

1808
01:33:41,800 --> 01:33:45,639
Speaker 23: saw it virtually gutted as a building. And of course

1809
01:33:45,680 --> 01:33:49,240
Speaker 23: the French President Emmanuel Macron in the mass as well

1810
01:33:49,439 --> 01:33:53,120
Speaker 23: part of the liturgy, and he was no doubt hoping

1811
01:33:53,160 --> 01:33:56,880
Speaker 23: that this would be some positive news for him after

1812
01:33:56,920 --> 01:34:00,160
Speaker 23: a fortnight of political turmoil with the resignation of his

1813
01:34:00,240 --> 01:34:04,280
Speaker 23: Prime minister and complete instability and chaos at the heart

1814
01:34:04,280 --> 01:34:07,320
Speaker 23: of government in France At the moment, all eyes were

1815
01:34:07,520 --> 01:34:10,400
Speaker 23: on the guest list for the VIP opening, which had

1816
01:34:10,479 --> 01:34:13,920
Speaker 23: a head which went ahead prior to that first mass.

1817
01:34:14,120 --> 01:34:17,559
Speaker 23: Donald Trump from America there and interesting Troice France, I think,

1818
01:34:17,640 --> 01:34:20,679
Speaker 23: desperate to get better relations as well with the US,

1819
01:34:20,720 --> 01:34:23,439
Speaker 23: of course. But Donald Trump meeting Prince William for the

1820
01:34:23,479 --> 01:34:27,000
Speaker 23: first time, or rather bath for another time, rather but

1821
01:34:27,360 --> 01:34:29,920
Speaker 23: meeting him at that event and then telling everyone else

1822
01:34:29,960 --> 01:34:32,040
Speaker 23: in the crowd what a good man he was. It's

1823
01:34:32,040 --> 01:34:35,160
Speaker 23: an unkwow, unusual way of soft diplomacy here right.

1824
01:34:35,439 --> 01:34:37,680
Speaker 3: What happened when a fifteen year old Australian flew to

1825
01:34:37,720 --> 01:34:40,120
Speaker 3: the UK just to see a local derby between Liverpool

1826
01:34:40,120 --> 01:34:40,599
Speaker 3: and Everton.

1827
01:34:41,720 --> 01:34:46,320
Speaker 23: Ah, great, great story this so the Mackenzie kinsella fifteen

1828
01:34:46,400 --> 01:34:49,479
Speaker 23: years old and from Sydney, a huge fan of Everton

1829
01:34:49,600 --> 01:34:53,360
Speaker 23: football team up in the northwest of England. His parents

1830
01:34:53,360 --> 01:34:55,760
Speaker 23: said no, we can't afford you to go, it's too expensive.

1831
01:34:55,840 --> 01:34:59,080
Speaker 23: So he started to save, save, save money like mad

1832
01:34:59,240 --> 01:35:02,639
Speaker 23: and one to come and watch Everton play their final

1833
01:35:02,680 --> 01:35:06,960
Speaker 23: match at their historic Goodison Park home stadium before they move.

1834
01:35:07,520 --> 01:35:11,240
Speaker 23: And it's the last derby that's the local match between

1835
01:35:11,320 --> 01:35:14,720
Speaker 23: Liverpool and Everton that he wanted to come and see well.

1836
01:35:14,800 --> 01:35:18,880
Speaker 23: Sadly he coincided his visit and that derby coincided with

1837
01:35:18,960 --> 01:35:22,640
Speaker 23: a huge storm sweeping through the UK, and most unusually,

1838
01:35:23,240 --> 01:35:26,920
Speaker 23: that football match was called off and postponed because of

1839
01:35:27,000 --> 01:35:30,360
Speaker 23: the storm and the strong winds. Naturally, he couldn't believe

1840
01:35:30,439 --> 01:35:32,240
Speaker 23: it had come all the way here spend all his

1841
01:35:32,439 --> 01:35:36,040
Speaker 23: money anyway, as he said himself, every cloud has a

1842
01:35:36,080 --> 01:35:40,640
Speaker 23: silver lining. The captain of the Everton team saw his

1843
01:35:40,800 --> 01:35:43,439
Speaker 23: plight in the media and on social media and he's

1844
01:35:43,479 --> 01:35:47,280
Speaker 23: been invited to meet the team personally today and see

1845
01:35:47,320 --> 01:35:50,240
Speaker 23: them at their training ground and well, as you can imagine,

1846
01:35:50,240 --> 01:35:52,839
Speaker 23: as he said, every cloud, how's a silver appage?

1847
01:35:52,920 --> 01:35:54,920
Speaker 3: Sidney sounds like Gavin. Thank you very much for that.

1848
01:35:54,960 --> 01:35:58,439
Speaker 3: Rep Gevin Gray, our UK correspondent. It is nine to six,

1849
01:35:58,720 --> 01:36:02,439
Speaker 3: Bryan Bridge, seven. Forgive me. It's an odd time of

1850
01:36:02,520 --> 01:36:04,519
Speaker 3: day for me to be awake. Now. A two really

1851
01:36:04,600 --> 01:36:07,280
Speaker 3: good interesting texts from you this evening which I want

1852
01:36:07,280 --> 01:36:08,840
Speaker 3: to read out. And this is in relation to the

1853
01:36:08,840 --> 01:36:11,719
Speaker 3: police and their breath testing. So they do breath testing

1854
01:36:11,760 --> 01:36:14,519
Speaker 3: and they do speed tickets and they have targets they

1855
01:36:14,560 --> 01:36:16,920
Speaker 3: have to meet in order to get funding for these,

1856
01:36:16,960 --> 01:36:21,560
Speaker 3: and they missed the speed camera the speeding ticket requirement

1857
01:36:21,640 --> 01:36:25,080
Speaker 3: quota on open roads, which is interesting one you think

1858
01:36:25,120 --> 01:36:27,040
Speaker 3: that perhaps that would be the one they go for,

1859
01:36:27,200 --> 01:36:31,280
Speaker 3: considering public sentiment around that. However, on the breath testing,

1860
01:36:31,320 --> 01:36:33,600
Speaker 3: a really interesting one has come in. This is on

1861
01:36:33,680 --> 01:36:35,439
Speaker 3: the breath tests. Have you not noticed that all the

1862
01:36:35,479 --> 01:36:38,559
Speaker 3: tests are done between ten and noon and again between

1863
01:36:38,560 --> 01:36:41,080
Speaker 3: two and four in the afternoon in built up areas.

1864
01:36:41,439 --> 01:36:43,439
Speaker 3: I have noticed this, So this is why this text

1865
01:36:43,439 --> 01:36:47,320
Speaker 3: appeals to me. They process zillions of tests knowing there

1866
01:36:47,360 --> 01:36:50,400
Speaker 3: will be few over hence the high numbers given for

1867
01:36:50,520 --> 01:36:55,320
Speaker 3: the target. Ask the question what percentage exceeding the breath

1868
01:36:55,360 --> 01:36:58,960
Speaker 3: limit was recorded? It will be minor or get the

1869
01:36:58,960 --> 01:37:01,519
Speaker 3: breakdowns of times, but bugger all will be done between

1870
01:37:01,560 --> 01:37:03,760
Speaker 3: eight pm and two am, when there is the highest risk.

1871
01:37:04,479 --> 01:37:06,639
Speaker 3: It's a really good point and a question we will

1872
01:37:06,680 --> 01:37:10,160
Speaker 3: ask because it is worth asking. Ryan. This is on speed.

1873
01:37:10,200 --> 01:37:13,240
Speaker 3: As a ex police officer, I feel quite worried that

1874
01:37:13,280 --> 01:37:15,800
Speaker 3: in the twelve years I've been here, I've not seen

1875
01:37:15,840 --> 01:37:19,200
Speaker 3: a stationary traffic car or speed camera up my very

1876
01:37:19,240 --> 01:37:23,120
Speaker 3: busy rural road behind Kitty Kitty. We've had a fatality

1877
01:37:23,160 --> 01:37:25,120
Speaker 3: and a number of terrible accidents and I traveled this

1878
01:37:25,200 --> 01:37:28,320
Speaker 3: road twice a day and nothing money for jam for

1879
01:37:28,320 --> 01:37:30,280
Speaker 3: the government. If you ask me, it is the wild

1880
01:37:30,360 --> 01:37:33,639
Speaker 3: West here up north. Kind regards, Rod, Rod, thank you

1881
01:37:33,680 --> 01:37:37,320
Speaker 3: for your message. Eight minutes away from seven News TALKSHITB.

1882
01:37:38,520 --> 01:37:41,360
Speaker 1: Getting ready for a new administration in the US, what

1883
01:37:41,600 --> 01:37:45,080
Speaker 1: will be the impact? It's the Business Hour with Heather Duplicy,

1884
01:37:45,160 --> 01:37:49,400
Speaker 1: Allen and MYHR. The HR solution for busy SMEs News

1885
01:37:49,439 --> 01:37:49,960
Speaker 1: Talks B.

1886
01:37:51,080 --> 01:37:53,479
Speaker 3: Five to seven News Talks. HEBM Ryan Bridgen for Heather.

1887
01:37:53,680 --> 01:37:57,200
Speaker 3: Do you buy your wife for Christmas present? Apparently a

1888
01:37:57,200 --> 01:38:01,439
Speaker 3: lot of men don't do this, and why wouldn't you.

1889
01:38:01,520 --> 01:38:05,439
Speaker 3: I mean, these wives women usually do everything for you

1890
01:38:05,600 --> 01:38:08,360
Speaker 3: and for your family every year, all year, and you

1891
01:38:08,400 --> 01:38:10,720
Speaker 3: don't even get them a Christmas present. This has all

1892
01:38:10,760 --> 01:38:13,759
Speaker 3: gone viral on TikTok. For everything's going viral on TikTok,

1893
01:38:13,800 --> 01:38:16,360
Speaker 3: but this has gone viral on TikTok. A video of

1894
01:38:16,560 --> 01:38:20,679
Speaker 3: Aubrey Jones, who's I think Australian or perhaps American anyway,

1895
01:38:20,720 --> 01:38:24,320
Speaker 3: we'll soon hear the accent and her husband Josh. Now

1896
01:38:24,360 --> 01:38:28,519
Speaker 3: for ten years, Josh hasn't bought Aubrey a Christmas gift.

1897
01:38:29,160 --> 01:38:32,679
Speaker 3: They've got six kids. She gets a stocking for each

1898
01:38:32,760 --> 01:38:35,400
Speaker 3: of the kids and for him and for the dog

1899
01:38:36,160 --> 01:38:38,880
Speaker 3: every year for ten years and one year she leaves

1900
01:38:38,920 --> 01:38:41,880
Speaker 3: her sack empty, her stocking empty, right, And so she

1901
01:38:42,000 --> 01:38:44,240
Speaker 3: films what happens when he's going around saying, Oh, there's

1902
01:38:44,240 --> 01:38:45,400
Speaker 3: a stocking for you, a stocking for you.

1903
01:38:45,520 --> 01:38:48,400
Speaker 6: Have a listen, there's my stocking over there.

1904
01:38:49,200 --> 01:38:51,400
Speaker 20: You're stocking this is this?

1905
01:38:52,200 --> 01:39:00,240
Speaker 6: Is this an extra one that's mine? I don't know answer,

1906
01:39:00,240 --> 01:39:01,160
Speaker 6: didn't you come for me?

1907
01:39:05,840 --> 01:39:06,320
Speaker 16: Awkward?

1908
01:39:06,800 --> 01:39:09,599
Speaker 3: It sounds kind of nice, but actually when you watch

1909
01:39:09,640 --> 01:39:11,720
Speaker 3: the video, she looks close to tears. The poor thing.

1910
01:39:12,920 --> 01:39:16,280
Speaker 3: My only problem with this video is why if you

1911
01:39:16,560 --> 01:39:18,639
Speaker 3: are the wife and you want your husband to get

1912
01:39:18,640 --> 01:39:21,360
Speaker 3: you a gift and you wait ten years, why wait

1913
01:39:21,400 --> 01:39:24,160
Speaker 3: in silence? Just tell them you want a gift, you know,

1914
01:39:24,520 --> 01:39:27,080
Speaker 3: I think things could be a lot easier. Anyway, it's

1915
01:39:27,080 --> 01:39:31,120
Speaker 3: gone viral. Lots of wives and couples in general are

1916
01:39:31,160 --> 01:39:35,000
Speaker 3: relating to this content. So my advice was Christmas, guys,

1917
01:39:35,120 --> 01:39:37,559
Speaker 3: if you can't be bothered getting your wife a gift,

1918
01:39:38,080 --> 01:39:42,720
Speaker 3: your poor hard working wife a gift for Christmas, and

1919
01:39:43,720 --> 01:39:46,639
Speaker 3: the only solution I suppose you either get them a gift,

1920
01:39:46,800 --> 01:39:50,360
Speaker 3: or take the other easy option, which I have personal

1921
01:39:50,400 --> 01:39:52,559
Speaker 3: experience with, and get a husband. They're far less maintenance.

1922
01:39:53,160 --> 01:39:54,679
Speaker 2: Bryan Bridge, three.

1923
01:39:54,479 --> 01:39:56,519
Speaker 3: Away from seven. Great to be with you this evening,

1924
01:39:56,600 --> 01:39:59,080
Speaker 3: this afternoon. What song we're going out with today?

1925
01:39:59,080 --> 01:40:00,240
Speaker 16: An Shake It Off?

1926
01:40:00,240 --> 01:40:01,040
Speaker 3: By Taylor Swift.

1927
01:40:01,080 --> 01:40:03,679
Speaker 21: She's currently doing the very last stop in her eras

1928
01:40:03,680 --> 01:40:05,320
Speaker 21: tour that has run for a year and a bit

1929
01:40:05,400 --> 01:40:06,480
Speaker 21: now over in Vancouver.

1930
01:40:06,680 --> 01:40:09,000
Speaker 3: Brilliant and she's made a billion bucks off it too.

1931
01:40:09,280 --> 01:40:10,840
Speaker 3: And I'm not playing you the version from the clock

1932
01:40:10,840 --> 01:40:11,680
Speaker 3: because you didn't like that one.

1933
01:40:11,720 --> 01:40:13,280
Speaker 14: This is the other recording one.

1934
01:40:13,720 --> 01:40:15,960
Speaker 3: Thanks and thank you for listening. See tomorrow

1935
01:40:19,360 --> 01:40:22,519
Speaker 1: For more from Hither Duplessy Allen Drive listen live to

1936
01:40:22,640 --> 01:40:25,679
Speaker 1: news Talks it'd be from four pm weekdays, or follow

1937
01:40:25,720 --> 01:40:27,480
Speaker 1: the podcast on iHeartRadio.