1 00:00:00,360 --> 00:00:05,840 Speaker 1: Opinion edit informed, unapologetic, the Mic Hosking Breakfast with Bailey's 2 00:00:05,880 --> 00:00:09,520 Speaker 1: Real Estate, doing real estate differently since nineteen seventy three. 3 00:00:09,640 --> 00:00:11,000 Speaker 1: News togs Head been Billy, You're. 4 00:00:10,920 --> 00:00:12,760 Speaker 2: Welcome today a couple of bits of good news. We've 5 00:00:12,760 --> 00:00:15,360 Speaker 2: got a ski deal, we've got a decent economic forecast, 6 00:00:15,360 --> 00:00:18,160 Speaker 2: and we've got a booming lamb business. Also Mark Robinson 7 00:00:18,400 --> 00:00:20,400 Speaker 2: on the World Cup drawl last night, and Sidney Hugh 8 00:00:20,520 --> 00:00:23,639 Speaker 2: Jackman and Kate Hudson there with us after Right to 9 00:00:23,640 --> 00:00:26,400 Speaker 2: talk about their new movie. Joe is Italy Rodded is 10 00:00:26,600 --> 00:00:29,800 Speaker 2: in Britain asking welcome to the day seven past six 11 00:00:29,840 --> 00:00:32,600 Speaker 2: of the definition of madness of stupidity. Question for you, 12 00:00:32,680 --> 00:00:34,680 Speaker 2: how many times do you do the same dumb thing 13 00:00:34,760 --> 00:00:37,280 Speaker 2: with no result, thus proving your system doesn't work before 14 00:00:37,280 --> 00:00:40,320 Speaker 2: you admit your system doesn't work. The last of the 15 00:00:40,360 --> 00:00:43,360 Speaker 2: carbon auctions was held yesterday. You know where the story 16 00:00:43,400 --> 00:00:45,479 Speaker 2: is going. Of course, I first got interested in this 17 00:00:45,520 --> 00:00:47,559 Speaker 2: a couple of years ago when it struck me that 18 00:00:47,600 --> 00:00:50,080 Speaker 2: this auction malarchy might be one of the better examples 19 00:00:50,080 --> 00:00:53,360 Speaker 2: of the sheer ideological madness that drive so much of 20 00:00:53,360 --> 00:00:56,200 Speaker 2: the climate policy, one of the reasons so many people 21 00:00:56,200 --> 00:00:58,800 Speaker 2: have got into forestry. Of course is it's free money. 22 00:00:58,800 --> 00:01:01,680 Speaker 2: You get carbon credits on land, and land generally is 23 00:01:01,720 --> 00:01:03,880 Speaker 2: as well a good investment, and free money isn't a 24 00:01:03,920 --> 00:01:06,760 Speaker 2: bad deal Libor also after a while they might pay 25 00:01:06,760 --> 00:01:09,399 Speaker 2: you some good day for you would So if trees 26 00:01:09,400 --> 00:01:11,840 Speaker 2: get carbon credits, why would you turn up to an auction? 27 00:01:12,160 --> 00:01:15,520 Speaker 2: You wouldn't. And indeed yesterday they didn't, not one person, 28 00:01:15,640 --> 00:01:18,600 Speaker 2: not one bid, not one credit. So now there are 29 00:01:18,600 --> 00:01:21,440 Speaker 2: four of these each year for the past two years, 30 00:01:22,280 --> 00:01:25,559 Speaker 2: no one has bought a thing. Ask yourself why they've 31 00:01:25,560 --> 00:01:28,200 Speaker 2: tried to price the units to no avail. But what's 32 00:01:28,240 --> 00:01:31,600 Speaker 2: really causing the issue is the government. Now to buy something, 33 00:01:31,640 --> 00:01:34,360 Speaker 2: you must believe it has value, it has to have worth. 34 00:01:34,760 --> 00:01:37,480 Speaker 2: Why would you buy into the government carbon narrative when 35 00:01:37,480 --> 00:01:39,720 Speaker 2: they keep changing the rules. This government is doing their 36 00:01:39,720 --> 00:01:41,440 Speaker 2: best to do as little as possible to meet their 37 00:01:41,440 --> 00:01:43,480 Speaker 2: climate emissions. Now the irony of that is I actually 38 00:01:43,520 --> 00:01:46,480 Speaker 2: applaud that because it's the right thing to do. But 39 00:01:47,160 --> 00:01:49,800 Speaker 2: given the rules keep changing, I'm certainly not turning up 40 00:01:49,840 --> 00:01:51,720 Speaker 2: to buy stuff like a credit that I may not 41 00:01:51,840 --> 00:01:54,600 Speaker 2: in fact need. The Minister, as I told you the 42 00:01:54,640 --> 00:01:57,880 Speaker 2: other day, took the unprecedented step of offering commentary about 43 00:01:57,880 --> 00:02:00,520 Speaker 2: the auction and telling us how committed the me is 44 00:02:00,520 --> 00:02:02,400 Speaker 2: to climate in the hope we would go, oh, well 45 00:02:02,400 --> 00:02:05,520 Speaker 2: that's okay. Then see it. The auction didn't work. The 46 00:02:05,520 --> 00:02:10,079 Speaker 2: auction didn't work again. Eight down, zero sales, no revenue. 47 00:02:10,360 --> 00:02:13,640 Speaker 2: How long before they pull the pin on a gargantuan embarrassment. 48 00:02:13,639 --> 00:02:15,880 Speaker 2: The longer this goes, the more foolish they look. 49 00:02:16,680 --> 00:02:20,280 Speaker 1: Wow, news of the world in ninety seconds. 50 00:02:20,360 --> 00:02:22,640 Speaker 2: Now the whole let's get the war sorted seems to 51 00:02:22,680 --> 00:02:24,840 Speaker 2: have well once again, been a bus no deal, and 52 00:02:24,880 --> 00:02:27,400 Speaker 2: the Europeans still looking to the US for the magic. 53 00:02:27,480 --> 00:02:30,079 Speaker 3: There is only one person in the all worlds who 54 00:02:30,120 --> 00:02:32,640 Speaker 3: was able to break the deathlock when it comes to 55 00:02:32,800 --> 00:02:35,840 Speaker 3: war Ukraine, and that is the American President Donald J. 56 00:02:36,040 --> 00:02:36,840 Speaker 2: Trump. And he did. 57 00:02:37,400 --> 00:02:40,280 Speaker 3: He started in February to get engaged and he is 58 00:02:40,360 --> 00:02:42,040 Speaker 3: engaged up to an including till day. 59 00:02:42,320 --> 00:02:42,519 Speaker 4: Yeah. 60 00:02:42,600 --> 00:02:44,760 Speaker 2: The British have decided more money is required. 61 00:02:44,840 --> 00:02:48,760 Speaker 5: Putin is seeking to switch the lights off and plunge 62 00:02:48,880 --> 00:02:53,400 Speaker 5: Ukraine into darkness. We will continue to work to switch 63 00:02:53,520 --> 00:02:54,680 Speaker 5: the lights back on. 64 00:02:55,320 --> 00:02:58,320 Speaker 2: They up a ten million, We've offered fifteen million over 65 00:02:58,440 --> 00:02:59,600 Speaker 2: night by the one I'm not sure if you were 66 00:02:59,720 --> 00:03:02,000 Speaker 2: this do million for weapons and equipment, which takes out 67 00:03:02,040 --> 00:03:06,000 Speaker 2: bid now to fifty three million. Not that the British 68 00:03:06,040 --> 00:03:06,799 Speaker 2: Heaveny money, of. 69 00:03:06,720 --> 00:03:11,960 Speaker 6: Course, defeaturing a boot in the four cut wages are 70 00:03:12,040 --> 00:03:15,360 Speaker 6: up more since the general election than in ten years 71 00:03:15,360 --> 00:03:18,720 Speaker 6: of the tours we've had up the five interest rate cuts. 72 00:03:18,880 --> 00:03:21,080 Speaker 2: And the harder he tries, the more KIMMI loves it. 73 00:03:21,160 --> 00:03:23,360 Speaker 7: Let me read to him what his own cabinet members 74 00:03:23,400 --> 00:03:26,920 Speaker 7: are saying, and I quote the handling of this budget 75 00:03:26,919 --> 00:03:30,600 Speaker 7: has been a disaster from starts to finish. Who said 76 00:03:30,639 --> 00:03:32,240 Speaker 7: that was it? Here? 77 00:03:33,760 --> 00:03:34,200 Speaker 4: Was it her? 78 00:03:35,400 --> 00:03:37,280 Speaker 2: In fact I think it was probably. 79 00:03:36,880 --> 00:03:39,680 Speaker 7: Her, Actually it was probably loving it. 80 00:03:40,040 --> 00:03:43,200 Speaker 2: The weather is shocking in various parts of Asia, including Indonesia, 81 00:03:43,240 --> 00:03:45,200 Speaker 2: Tail and Vietnam, and of course Sri Lanka. 82 00:03:45,240 --> 00:03:49,119 Speaker 8: Here in Candy, this is the worst hit district where 83 00:03:49,200 --> 00:03:52,000 Speaker 8: more than one hundred people have died four hundred and 84 00:03:52,000 --> 00:03:55,720 Speaker 8: seventy four across Sri Lanka itself and there is still 85 00:03:56,080 --> 00:03:58,160 Speaker 8: a search for survivors. 86 00:03:57,680 --> 00:03:59,720 Speaker 2: And beck In Britain, the German president has arrived to 87 00:03:59,720 --> 00:04:02,160 Speaker 2: receive the obligatory red carpet from the royal family. It's 88 00:04:02,200 --> 00:04:04,640 Speaker 2: significant given a German president hasn't done that for twenty 89 00:04:04,640 --> 00:04:06,440 Speaker 2: seven years. Not the many have noticed. 90 00:04:06,560 --> 00:04:08,800 Speaker 5: There is less interest, i would say from them of 91 00:04:08,800 --> 00:04:11,680 Speaker 5: the public and also the media. But in terms of 92 00:04:11,720 --> 00:04:14,560 Speaker 5: how important this is for the UK government and the 93 00:04:14,600 --> 00:04:18,120 Speaker 5: Foreign Office, you cannot underestimate that they are again going 94 00:04:18,160 --> 00:04:19,120 Speaker 5: to be pulling out all of the. 95 00:04:19,120 --> 00:04:21,560 Speaker 2: Stop indeed, and that is news of the world. In 96 00:04:21,720 --> 00:04:26,720 Speaker 2: ninety surprisingly, the Malaysian government have announced that their deep 97 00:04:26,720 --> 00:04:30,200 Speaker 2: sea search this is MH three seventy winded MH three 98 00:04:30,320 --> 00:04:34,400 Speaker 2: seventy happy happened twenty fourteen. The flight was Kuala Lumpur 99 00:04:34,440 --> 00:04:38,479 Speaker 2: to Beijing. They are going to resume the search again 100 00:04:39,040 --> 00:04:43,040 Speaker 2: on December thirty. US based marine robotics firm Ocean Infinity, 101 00:04:43,320 --> 00:04:44,880 Speaker 2: they've been part of it before. Of course, they're going 102 00:04:44,880 --> 00:04:48,440 Speaker 2: to carry out the operation intermittently for a period of 103 00:04:48,440 --> 00:04:50,600 Speaker 2: fifty five days. Twelve past six. 104 00:04:52,120 --> 00:04:56,920 Speaker 1: The Mic Asking Breakfast Full Show podcast on iHeartRadio powered 105 00:04:57,000 --> 00:04:57,760 Speaker 1: by News Talks. 106 00:04:57,800 --> 00:04:58,039 Speaker 9: It'd be. 107 00:05:00,440 --> 00:05:02,479 Speaker 2: The Fabergeteg we told you about the other day that 108 00:05:02,560 --> 00:05:04,920 Speaker 2: was up for auction. It was last night, the Winter 109 00:05:05,000 --> 00:05:06,960 Speaker 2: Egg it was called. It was at Christie's and it 110 00:05:07,080 --> 00:05:11,599 Speaker 2: sold for how much fifty three point two million dollars 111 00:05:11,680 --> 00:05:16,800 Speaker 2: fourteen past. That's from curring partner Andrew kellaher morning, very 112 00:05:16,800 --> 00:05:18,880 Speaker 2: good morning, Mike, GDP number. What happened there? 113 00:05:19,600 --> 00:05:22,040 Speaker 9: Yeah, this is the Australian so we've got. 114 00:05:21,920 --> 00:05:24,839 Speaker 10: Lots of anticipation building in the local market about our 115 00:05:24,920 --> 00:05:25,960 Speaker 10: third quarter GDP. 116 00:05:26,120 --> 00:05:28,159 Speaker 9: After that shots erup and. 117 00:05:28,520 --> 00:05:30,920 Speaker 10: Sent fall in the second quarter, we started see some 118 00:05:31,000 --> 00:05:35,080 Speaker 10: quite optimistic numbers for that release, Mike. December eighteenth, I 119 00:05:35,080 --> 00:05:38,320 Speaker 10: think just before most people head away from holiday now. 120 00:05:38,560 --> 00:05:41,040 Speaker 10: But by way of comparison, across the Tasman they had 121 00:05:41,040 --> 00:05:44,400 Speaker 10: the release of their third quarter GDP or growth number, 122 00:05:44,400 --> 00:05:47,400 Speaker 10: and it's coming a little under expectations, so it's third 123 00:05:47,480 --> 00:05:52,359 Speaker 10: quarter economic growth has missed the consensus view there. Even so, 124 00:05:53,080 --> 00:05:55,840 Speaker 10: it's still the fastest expansion of growth in about two 125 00:05:55,920 --> 00:05:59,599 Speaker 10: years and it was lifted by consumer demand and strong 126 00:05:59,640 --> 00:06:02,480 Speaker 10: invest So year on year, their growth is printed at 127 00:06:02,480 --> 00:06:05,040 Speaker 10: two point one percent. As I say, that's the highest 128 00:06:05,080 --> 00:06:07,760 Speaker 10: of seen since the third core twenty twenty three. On 129 00:06:07,800 --> 00:06:10,800 Speaker 10: a year on year basis, economists are expecting number of 130 00:06:10,800 --> 00:06:13,680 Speaker 10: touchdry that with the quarter on quarter number, you're looking 131 00:06:13,720 --> 00:06:16,839 Speaker 10: at zero point four percent. Now consensus estimates where at 132 00:06:17,120 --> 00:06:19,880 Speaker 10: zero point seven so a bit of a miss, But 133 00:06:20,400 --> 00:06:22,440 Speaker 10: there's a bit of nuance here because you've got these 134 00:06:22,520 --> 00:06:28,400 Speaker 10: usual statistical sort of quirks. If you exclude inventories and trade, 135 00:06:28,440 --> 00:06:31,720 Speaker 10: the domestic economy actually suits one point two percent compared 136 00:06:31,720 --> 00:06:33,880 Speaker 10: to the compared to the previous cord. And what's been 137 00:06:33,920 --> 00:06:37,479 Speaker 10: happening a business have been writing down their inventories. 138 00:06:36,880 --> 00:06:39,240 Speaker 9: That negative negatively affects GDP. 139 00:06:40,080 --> 00:06:44,680 Speaker 10: Domestic final demand contributed one point one percent to growth. 140 00:06:44,680 --> 00:06:46,320 Speaker 9: Their private investment grew the. 141 00:06:46,400 --> 00:06:49,080 Speaker 10: Fastest paced, So there's sort of there's sort of pluses 142 00:06:49,080 --> 00:06:53,279 Speaker 10: and minuses in the background here, so machinery equipment, but 143 00:06:53,400 --> 00:06:56,320 Speaker 10: also importantly big data centers in New South Wales and 144 00:06:56,360 --> 00:07:00,480 Speaker 10: Victoria pushing the number up, and household consumption lifted as well. 145 00:07:00,839 --> 00:07:02,479 Speaker 10: But you can point the finger there at some of 146 00:07:02,480 --> 00:07:06,520 Speaker 10: those crazy lifts they've seen in electricity pricing, gas insurance. 147 00:07:06,960 --> 00:07:09,480 Speaker 10: The general view, what I can ascertain, Mike, over what 148 00:07:09,520 --> 00:07:12,120 Speaker 10: I've been reading is that even though that the headline 149 00:07:12,200 --> 00:07:14,760 Speaker 10: number is weak, the detail that I've just talked about 150 00:07:14,760 --> 00:07:19,160 Speaker 10: here means that RBA won't necessarily react to the weaker 151 00:07:19,600 --> 00:07:20,560 Speaker 10: growth scenario. 152 00:07:20,720 --> 00:07:21,720 Speaker 9: And actually the. 153 00:07:22,200 --> 00:07:24,440 Speaker 10: RBA had sort of talked about it like a speed 154 00:07:24,480 --> 00:07:28,000 Speaker 10: limit for the Aussie economy, which is quite low, you know, 155 00:07:28,040 --> 00:07:29,960 Speaker 10: and that sort of in those sort of low toos, 156 00:07:29,960 --> 00:07:33,480 Speaker 10: it's actually growing at that which becomes problematic for inflation. 157 00:07:33,680 --> 00:07:36,040 Speaker 10: So an interesting one, but it looks like next to you, 158 00:07:36,160 --> 00:07:37,960 Speaker 10: we could grow faster than the Aussies. 159 00:07:38,080 --> 00:07:41,600 Speaker 2: Praise the Lord. Now, speaking of data, what happened in America? 160 00:07:41,800 --> 00:07:45,240 Speaker 10: Oh, look, Mike, there's still they're still in catch up 161 00:07:45,280 --> 00:07:47,200 Speaker 10: mode over there following the US government shut down. 162 00:07:47,280 --> 00:07:48,120 Speaker 9: Still very messy. 163 00:07:48,160 --> 00:07:50,480 Speaker 10: There's a whole lot of data they say will come 164 00:07:50,480 --> 00:07:50,960 Speaker 10: out over the. 165 00:07:51,000 --> 00:07:51,960 Speaker 9: Next couple of weeks. 166 00:07:52,120 --> 00:07:54,120 Speaker 10: A lot of it's a little bit stale, lots of 167 00:07:54,160 --> 00:07:56,080 Speaker 10: attention on the state of the labor market. 168 00:07:56,640 --> 00:07:58,360 Speaker 9: Overnight, we got some more current. 169 00:07:58,160 --> 00:08:00,960 Speaker 10: Data, these what they call the ADPM deployment numbers, which 170 00:08:01,000 --> 00:08:04,640 Speaker 10: is private sector high frequency high frequency data. 171 00:08:04,720 --> 00:08:05,800 Speaker 9: It wasn't very good, Mike. 172 00:08:05,960 --> 00:08:08,440 Speaker 10: US companies have shared payer or in November by the 173 00:08:08,480 --> 00:08:11,880 Speaker 10: most since twenty twenty three. So private sector payrolls have 174 00:08:11,960 --> 00:08:15,760 Speaker 10: dropped by thirty two thousand and small companies very weak, 175 00:08:15,840 --> 00:08:18,160 Speaker 10: dropping one hundred and twenty thousand jobs. 176 00:08:17,920 --> 00:08:18,800 Speaker 9: Out of the payroll there. 177 00:08:18,840 --> 00:08:21,760 Speaker 10: That's for the private for the small companies, that's the 178 00:08:21,840 --> 00:08:25,040 Speaker 10: largest one month of client since May twenty twenty and 179 00:08:25,240 --> 00:08:28,440 Speaker 10: four of the last six months have seen those payroll decreases. 180 00:08:28,480 --> 00:08:31,200 Speaker 10: So it's not the buoyant labor market that the Trump 181 00:08:31,200 --> 00:08:34,600 Speaker 10: agestration would like to see. The November payroll data, that's 182 00:08:34,640 --> 00:08:36,600 Speaker 10: the big important one that's not due for a lesson 183 00:08:36,800 --> 00:08:40,480 Speaker 10: till December the sixteenth. You also had the ISM Services 184 00:08:40,480 --> 00:08:44,280 Speaker 10: Index overnight. If I look at the employment component of that, 185 00:08:44,640 --> 00:08:47,880 Speaker 10: it's also in contraction for the sixth and sixth month, 186 00:08:48,280 --> 00:08:51,760 Speaker 10: and the manufacturing counterpart earlier this week was soft as well. 187 00:08:52,080 --> 00:08:54,240 Speaker 10: The headline number of that ISM was okay, mate, but 188 00:08:54,320 --> 00:08:56,720 Speaker 10: it looks like they might have a little bit of 189 00:08:56,760 --> 00:08:59,520 Speaker 10: weakness in the labor market, which is something I don't 190 00:08:59,520 --> 00:09:01,840 Speaker 10: think the Trump administration wants to see. 191 00:09:02,040 --> 00:09:05,280 Speaker 2: No, indeed, not this Anthropic thing one is going to happen, 192 00:09:05,679 --> 00:09:07,440 Speaker 2: and two if it does, is it the biggest thing 193 00:09:07,480 --> 00:09:08,360 Speaker 2: the world has ever seen? 194 00:09:09,000 --> 00:09:10,520 Speaker 9: Well, yeah, we're talking AI now. 195 00:09:10,600 --> 00:09:14,080 Speaker 10: Now everybody knows about open AI, and Anthropic probably not 196 00:09:14,160 --> 00:09:15,840 Speaker 10: quite as well known, but it's the sort of a 197 00:09:15,880 --> 00:09:17,160 Speaker 10: competitor to open AI. 198 00:09:17,480 --> 00:09:19,120 Speaker 9: They've got the clawed chatbot. 199 00:09:19,720 --> 00:09:22,960 Speaker 10: They've taken a significant step towards listing towards an IPO 200 00:09:23,160 --> 00:09:26,160 Speaker 10: or so is being reported in the Financial Times. They've 201 00:09:26,160 --> 00:09:28,520 Speaker 10: brought on board a prominent US law firm to begin 202 00:09:28,600 --> 00:09:31,920 Speaker 10: the groundwork for that IPO. They've just got to start 203 00:09:31,960 --> 00:09:34,920 Speaker 10: to gauge public appetite. I think here might because these 204 00:09:35,040 --> 00:09:37,640 Speaker 10: even though they're sort of front and center and everybody's 205 00:09:37,720 --> 00:09:41,319 Speaker 10: using them and they're the biggest story ever, they're still great, 206 00:09:41,400 --> 00:09:44,920 Speaker 10: big loss making businesses. They could be worth hundreds of 207 00:09:44,920 --> 00:09:47,480 Speaker 10: billions of dollars if they do go to IPO. But 208 00:09:47,520 --> 00:09:49,800 Speaker 10: it's going to be interesting to see whether the public. 209 00:09:49,880 --> 00:09:52,520 Speaker 10: I know we all love AI, but do you want 210 00:09:52,520 --> 00:09:55,480 Speaker 10: to invest in something that's not actually making any money? 211 00:09:55,600 --> 00:09:57,160 Speaker 2: Yes, very good question. What are the numbers? 212 00:09:58,120 --> 00:10:01,160 Speaker 10: The Dow Jones is up two hundred ninety points forty 213 00:10:01,200 --> 00:10:03,720 Speaker 10: seven thousand, seven hundred and sixty eight, so that's all good, 214 00:10:04,200 --> 00:10:08,160 Speaker 10: point six percent five hundred eking out again up twelve 215 00:10:08,200 --> 00:10:09,120 Speaker 10: point sixty eight four. 216 00:10:09,160 --> 00:10:10,520 Speaker 9: Oh, that's point one seven percent. 217 00:10:10,520 --> 00:10:12,719 Speaker 10: And the Nestic at the moment sort of flirting it's 218 00:10:12,800 --> 00:10:13,200 Speaker 10: up and down. 219 00:10:13,280 --> 00:10:13,959 Speaker 9: Let's call it fly. 220 00:10:14,080 --> 00:10:16,280 Speaker 10: It's just gone up a little bit, actually, up seventeen 221 00:10:16,320 --> 00:10:19,439 Speaker 10: points point zero eight percent, twenty three thousand, four hundred 222 00:10:19,480 --> 00:10:22,800 Speaker 10: and thirty three overnight forts one hundreds fall fall nine 223 00:10:22,920 --> 00:10:25,640 Speaker 10: six nine two. That was only ten point four. The 224 00:10:25,720 --> 00:10:27,960 Speaker 10: nick Cave is up over one percent, so that's pretty good. 225 00:10:28,000 --> 00:10:32,280 Speaker 10: Forty nine thousand, eight hundred and sixty four. The Shanghai composite, 226 00:10:32,400 --> 00:10:35,120 Speaker 10: the eight seven eight down twenty about half percent, the 227 00:10:35,200 --> 00:10:38,520 Speaker 10: ASEX two hundred yesterday gain fifteen points eight five nine 228 00:10:38,640 --> 00:10:41,120 Speaker 10: five and on the Enzetex fifty we gain quite a 229 00:10:41,120 --> 00:10:43,760 Speaker 10: good day. Actually, we're going to zero point five nine percent. 230 00:10:43,800 --> 00:10:46,400 Speaker 10: That's eighty points thirteen thousand, five hundred and eighty two. 231 00:10:46,640 --> 00:10:46,840 Speaker 11: Key. 232 00:10:46,880 --> 00:10:49,400 Speaker 10: We dollar starting to look a little bit stronger point 233 00:10:49,440 --> 00:10:52,520 Speaker 10: five seven sixty seven against the US point eight seven 234 00:10:52,600 --> 00:10:55,280 Speaker 10: five ergains the ossie point four nine four six Euro 235 00:10:55,440 --> 00:10:58,839 Speaker 10: point four three two seven pounds eighty nine point five 236 00:10:58,920 --> 00:11:02,439 Speaker 10: Oh Japanese yend goal two hundred and eight dollars and 237 00:11:02,520 --> 00:11:07,080 Speaker 10: breakthroughit is behaving itself for sixty two dollars and sixty nine. 238 00:11:06,960 --> 00:11:09,160 Speaker 2: We'll take it. See you tomorrow. Andrew Keller here, sure 239 00:11:09,440 --> 00:11:13,960 Speaker 2: and partnersking. Despite the job situation in America, so Macy's 240 00:11:14,000 --> 00:11:16,200 Speaker 2: have announced strongest growth in more than three years. They 241 00:11:16,240 --> 00:11:18,240 Speaker 2: got to turn around strategy, so that's working for them. 242 00:11:18,280 --> 00:11:20,839 Speaker 2: American Eagle, you know, Sidney Sweeney, Travis Kelsey, all that 243 00:11:20,840 --> 00:11:22,680 Speaker 2: sort of stuff. They're expecting sales to grow over the 244 00:11:22,679 --> 00:11:25,559 Speaker 2: holiday period eight to nine percent. That took everyone by 245 00:11:25,559 --> 00:11:28,880 Speaker 2: a surprise. And as regards are the old Thanksgiving thing, 246 00:11:28,960 --> 00:11:32,120 Speaker 2: they got some numbers on the Thanksgiving Day through Cyber 247 00:11:32,200 --> 00:11:36,320 Speaker 2: Monday from the National Retail Federation. Largest turnout of shoppers 248 00:11:36,360 --> 00:11:39,880 Speaker 2: since twenty seventeen. So they're glum. If you ask him, 249 00:11:39,920 --> 00:11:42,520 Speaker 2: are you glum? Yes, we're glum. And yet they all 250 00:11:42,520 --> 00:11:45,440 Speaker 2: still turn out and shop because two hundred and two 251 00:11:45,480 --> 00:11:50,439 Speaker 2: point nine million people shopped during that five day period, 252 00:11:50,840 --> 00:11:54,679 Speaker 2: six twenty one views. Talk z'd be so money about 253 00:11:54,720 --> 00:11:56,520 Speaker 2: it won't get you too Fuck. 254 00:11:57,400 --> 00:12:01,920 Speaker 1: The Vike Hosking Breakfast Full Show podcast on iHeartRadio powered 255 00:12:01,920 --> 00:12:04,280 Speaker 1: by News Talks at be See. 256 00:12:04,120 --> 00:12:06,280 Speaker 2: Here's the thing I'm talking about. People are spending in America, 257 00:12:06,280 --> 00:12:09,120 Speaker 2: but the National Retail Federation are huge drop in the 258 00:12:09,200 --> 00:12:11,280 Speaker 2: number of jobs they're looking to hand out over the 259 00:12:11,320 --> 00:12:13,559 Speaker 2: holiday period because of course New Zealand's dreadful. I know 260 00:12:13,640 --> 00:12:15,520 Speaker 2: this personal experience, very hard to get a job at 261 00:12:15,520 --> 00:12:18,320 Speaker 2: the moment over the holiday period. Normally they employ about 262 00:12:18,320 --> 00:12:20,800 Speaker 2: four hundred and forty thousand people over that holiday period 263 00:12:20,840 --> 00:12:23,040 Speaker 2: this year two sixty five to three sixty five, as 264 00:12:23,120 --> 00:12:25,960 Speaker 2: much as a forty percent drop. That's before you get 265 00:12:26,000 --> 00:12:28,120 Speaker 2: to planes. By the way, can he Airbus have announced 266 00:12:28,160 --> 00:12:30,160 Speaker 2: overnight that they're not going to be able to deliver 267 00:12:30,200 --> 00:12:34,400 Speaker 2: as many planes this year because they've got fuselage panel issues. 268 00:12:34,400 --> 00:12:36,640 Speaker 2: This is on the A three twenties, that's after the 269 00:12:36,679 --> 00:12:38,600 Speaker 2: A three twenties. We're having trouble with the software. The 270 00:12:38,600 --> 00:12:40,840 Speaker 2: software and the panels are completely separate things, but they're 271 00:12:40,840 --> 00:12:43,559 Speaker 2: still causing I mean, can anyone make a plane anymore? 272 00:12:43,880 --> 00:12:44,640 Speaker 2: Six twenty five. 273 00:12:46,200 --> 00:12:50,120 Speaker 1: It's trending now with the wimmersware house your home for 274 00:12:50,280 --> 00:12:51,120 Speaker 1: Christmas shopping? 275 00:12:51,320 --> 00:12:54,120 Speaker 2: You is speaker Mike Johnson. So he was asked yesterday 276 00:12:54,120 --> 00:12:56,200 Speaker 2: about the second boat strike that's being looked at as 277 00:12:56,240 --> 00:12:59,360 Speaker 2: a potential war crimes as Hegseth and co. The cabinet 278 00:12:59,400 --> 00:13:00,960 Speaker 2: had a good word about that yesterday. 279 00:13:02,400 --> 00:13:04,840 Speaker 12: I'm not going to prejudge any of that. I have 280 00:13:04,960 --> 00:13:07,880 Speaker 12: been listening again, I was pretty busy yesterday. Didn' follow 281 00:13:07,880 --> 00:13:08,360 Speaker 12: a lot of the news. 282 00:13:08,679 --> 00:13:10,880 Speaker 2: Now have you heard that before? Is that his standard 283 00:13:10,880 --> 00:13:14,000 Speaker 2: go to response? I think yes, you have. I don't 284 00:13:14,040 --> 00:13:14,920 Speaker 2: know the details about that. 285 00:13:15,440 --> 00:13:18,560 Speaker 12: I'm just I don't know. I've never seen the Epstein evidence. 286 00:13:18,600 --> 00:13:20,560 Speaker 12: It wasn't in my lane. I don't know anything about 287 00:13:20,600 --> 00:13:21,320 Speaker 12: the mean Cooin thing. 288 00:13:21,600 --> 00:13:21,920 Speaker 2: I don't know. 289 00:13:21,960 --> 00:13:23,319 Speaker 12: I don't know anything about the dinner. I was a 290 00:13:23,360 --> 00:13:25,600 Speaker 12: little busy this past week because you know, I'm not 291 00:13:25,640 --> 00:13:28,800 Speaker 12: following all the twists and turns of the guitar yet. 292 00:13:29,000 --> 00:13:31,200 Speaker 12: I haven't looked into the details of the RSC budget. 293 00:13:31,440 --> 00:13:33,280 Speaker 12: There's lots of nuances. That's first i've heard of that 294 00:13:33,360 --> 00:13:36,520 Speaker 12: on anything about it. I have not heard or looked 295 00:13:36,520 --> 00:13:38,240 Speaker 12: into any the details of that. Have been a little busy. 296 00:13:38,360 --> 00:13:40,920 Speaker 12: I haven't seen the specifics of that, and I don't know. 297 00:13:41,200 --> 00:13:43,200 Speaker 12: I don't know the details. I just saw a headline 298 00:13:43,200 --> 00:13:45,400 Speaker 12: this morning. I don't know what you're talking about with 299 00:13:45,440 --> 00:13:48,360 Speaker 12: the children. Look, I'm not going to make any detail 300 00:13:48,400 --> 00:13:50,199 Speaker 12: statement on this because I don't know the details. I've 301 00:13:50,200 --> 00:13:52,559 Speaker 12: been very busy the last forty eight hours or so. 302 00:13:53,080 --> 00:13:53,760 Speaker 9: I haven't seen it. 303 00:13:53,800 --> 00:13:54,599 Speaker 12: I can't comment on it. 304 00:13:55,679 --> 00:13:56,400 Speaker 13: That's not my lane. 305 00:13:56,440 --> 00:13:56,840 Speaker 9: I don't know. 306 00:13:57,480 --> 00:13:58,719 Speaker 13: I don't know anything about it yet. 307 00:13:58,720 --> 00:13:59,960 Speaker 2: It's been really busy, as you've got. 308 00:14:00,679 --> 00:14:02,680 Speaker 12: I don't know what Eric was seeing because I only 309 00:14:02,720 --> 00:14:04,200 Speaker 12: heard just a snippet there. 310 00:14:04,240 --> 00:14:05,440 Speaker 13: I don't know the context he. 311 00:14:05,679 --> 00:14:09,280 Speaker 2: Saw, just been really busy, not in as lane. So 312 00:14:09,360 --> 00:14:12,880 Speaker 2: we covered off the kitarjet, the Epstein files, the mean coin, 313 00:14:13,120 --> 00:14:17,160 Speaker 2: the crypto dinner, Ice arresting over forty American children, the Keem, 314 00:14:17,200 --> 00:14:22,080 Speaker 2: Jeffrey's death threats, Argentina getting forty billion dollars, Trump's saying 315 00:14:22,080 --> 00:14:24,600 Speaker 2: workers wouldn't get back paid during the shutdown. Trump's opposed 316 00:14:24,600 --> 00:14:27,440 Speaker 2: a birthday card for Epstein, a congressional or a congressman 317 00:14:27,440 --> 00:14:30,000 Speaker 2: putting his mistress on his payroll. 318 00:14:30,800 --> 00:14:32,840 Speaker 4: I didn't read much of the news over the weekend. 319 00:14:35,120 --> 00:14:35,720 Speaker 14: Sorry, what was that? 320 00:14:36,480 --> 00:14:40,560 Speaker 2: So we got some good news on the sheep from 321 00:14:40,680 --> 00:14:43,040 Speaker 2: a specific company. So I got a couple of questions 322 00:14:43,080 --> 00:14:45,240 Speaker 2: around that. Is it the specific company that happens to 323 00:14:45,280 --> 00:14:47,400 Speaker 2: be doing really well? Or we got some upside to 324 00:14:47,680 --> 00:14:49,680 Speaker 2: the sheep meat story in this country. So we got that, 325 00:14:49,840 --> 00:14:53,560 Speaker 2: we got a Chinese skiing deal for New Zealand, which 326 00:14:53,600 --> 00:14:56,360 Speaker 2: is good, and we got some good tourism news as well. 327 00:14:56,400 --> 00:14:59,560 Speaker 2: And Hugh Jackman and Kate Hudson are in What more 328 00:14:59,600 --> 00:15:01,120 Speaker 2: could you want? For goodness sake? 329 00:15:02,280 --> 00:15:07,760 Speaker 1: You're trusted home for news, sport, entertainment, opinion and Mike 330 00:15:08,040 --> 00:15:13,040 Speaker 1: the Mic asking breakfast with Veda, Retirement, communities, life your Way, 331 00:15:13,200 --> 00:15:14,200 Speaker 1: news talks, head been. 332 00:15:14,160 --> 00:15:17,520 Speaker 2: Obviously the breakdown and talks as regards the war, Joe's 333 00:15:17,600 --> 00:15:19,560 Speaker 2: in Italy for as the Pope's also waded into the 334 00:15:19,560 --> 00:15:21,560 Speaker 2: business of mid euro and Trump. So more for you 335 00:15:21,640 --> 00:15:23,880 Speaker 2: shortly back here meantime at twenty three minutes away from 336 00:15:23,920 --> 00:15:27,080 Speaker 2: seven more evidence that the old farming sector is doing 337 00:15:27,080 --> 00:15:29,880 Speaker 2: the heavy economic lifting Headwater's farmers. There behind Lumen and 338 00:15:29,960 --> 00:15:32,120 Speaker 2: Lamb are the forecast of returns of twenty three to 339 00:15:32,200 --> 00:15:35,440 Speaker 2: fifty per LAMB, which is up sixty percent. They got 340 00:15:35,440 --> 00:15:38,520 Speaker 2: strong growth in newmarkets places like Saudi Arabia and Malaysia. 341 00:15:38,560 --> 00:15:40,720 Speaker 2: Now Steve Brown's the boss at Headwaters and Lumina and 342 00:15:40,800 --> 00:15:43,880 Speaker 2: is with us. Steve, morning to you, Good morning, Mike, 343 00:15:44,040 --> 00:15:46,720 Speaker 2: pleaded to be here. Now Beef gets the headlines. But 344 00:15:46,800 --> 00:15:48,800 Speaker 2: of course, is there a good LAMB story And is 345 00:15:48,840 --> 00:15:51,480 Speaker 2: the Lamb's story good because it's you guys, or is 346 00:15:51,560 --> 00:15:53,720 Speaker 2: LAMB just generally a good news story. 347 00:15:55,240 --> 00:15:57,440 Speaker 15: It's a good question. I think Lamb is generally a 348 00:15:57,480 --> 00:16:00,400 Speaker 15: good news story. But we'd like to think so sort 349 00:16:00,440 --> 00:16:03,600 Speaker 15: of Headwaters and Lumina are leading the way as far 350 00:16:03,640 --> 00:16:08,480 Speaker 15: as global recognition, so the outlook for lamb generally is strong, 351 00:16:08,640 --> 00:16:12,320 Speaker 15: but certainly for lumina, it's looking really positives for people. 352 00:16:12,080 --> 00:16:15,800 Speaker 2: Who don't follow us, who are lumina, who are headwaters. 353 00:16:15,880 --> 00:16:19,360 Speaker 15: So it's a great story that started about twenty years 354 00:16:19,400 --> 00:16:23,280 Speaker 15: ago with a group of fourteen farmers in Central Otago 355 00:16:23,600 --> 00:16:26,320 Speaker 15: in Southland who wanted to breed a different type of 356 00:16:26,360 --> 00:16:30,840 Speaker 15: sheep that had increased survivability. And over the years what 357 00:16:30,920 --> 00:16:34,160 Speaker 15: they found breeding that sheep is it had high levels 358 00:16:34,400 --> 00:16:38,000 Speaker 15: of Omega three and intramuscular fat, which made it a 359 00:16:38,000 --> 00:16:42,960 Speaker 15: great eating lamb as well. And what we've found and 360 00:16:43,080 --> 00:16:45,960 Speaker 15: developed as a feeding regime where the lambs are fed 361 00:16:46,000 --> 00:16:49,960 Speaker 15: on chickory for thirty five days and that helps the 362 00:16:49,960 --> 00:16:54,120 Speaker 15: eating quality and provides a more consistent and high quality 363 00:16:54,480 --> 00:16:59,160 Speaker 15: eating experience for consumers. And that's now one hundred farms 364 00:16:59,160 --> 00:16:59,880 Speaker 15: around New Zealand. 365 00:17:00,240 --> 00:17:02,720 Speaker 2: Fantastic. So you're the quality story, aren't you. You're the 366 00:17:02,880 --> 00:17:05,240 Speaker 2: It doesn't matter. There will always be people who will 367 00:17:05,240 --> 00:17:07,680 Speaker 2: be prepared to pay extra for something that's good. 368 00:17:09,200 --> 00:17:12,119 Speaker 15: That's exactly it. So I think where these farmers wanted 369 00:17:12,119 --> 00:17:15,680 Speaker 15: it originally was they were tired of sort of seeing 370 00:17:15,680 --> 00:17:18,360 Speaker 15: the lambs leaves the farm and not knowing where they went, 371 00:17:19,240 --> 00:17:21,920 Speaker 15: and they wanted to be connected to the market. So 372 00:17:22,440 --> 00:17:25,359 Speaker 15: the strength of the brand, the lumin of brand, is 373 00:17:26,080 --> 00:17:30,040 Speaker 15: really that strong connection to international markets and a select 374 00:17:30,040 --> 00:17:35,480 Speaker 15: group of distributors who target premium restaurants Mitchellin Star restaurants 375 00:17:35,480 --> 00:17:40,040 Speaker 15: and diners that want that exceptional lamb meeting experience. 376 00:17:40,080 --> 00:17:41,320 Speaker 2: I was going to ask about that, how much of 377 00:17:41,320 --> 00:17:43,480 Speaker 2: it ends up in a restaurant versus in a supermarket. 378 00:17:44,880 --> 00:17:48,080 Speaker 15: It's virtually one hundred percent into food service and restaurants. 379 00:17:48,280 --> 00:17:51,040 Speaker 14: So we trial. 380 00:17:51,080 --> 00:17:53,720 Speaker 15: I think a few of our distributors and markets look 381 00:17:53,840 --> 00:17:59,120 Speaker 15: to test the retail market, but really it's the feedback 382 00:17:59,160 --> 00:18:02,440 Speaker 15: from the chefts that tribes enthusiasm from the farmers or 383 00:18:02,520 --> 00:18:07,440 Speaker 15: for the farmers, and that feedback has been well recognized. 384 00:18:07,800 --> 00:18:09,240 Speaker 2: What's your potential do you think? 385 00:18:12,080 --> 00:18:15,119 Speaker 15: Yes, twenty years and we still call ourselves a startup. 386 00:18:15,160 --> 00:18:17,680 Speaker 15: We've grown from fifty thousand lambs in twenty twenty one 387 00:18:17,720 --> 00:18:21,560 Speaker 15: to a quarter of a million this year. And you know, 388 00:18:21,600 --> 00:18:24,720 Speaker 15: in a declining flock in New Zealand, where we'd like 389 00:18:24,760 --> 00:18:27,399 Speaker 15: to think that we've got the potential to grow to 390 00:18:27,720 --> 00:18:31,200 Speaker 15: a million lambs and help sort of introduce the will 391 00:18:31,280 --> 00:18:34,919 Speaker 15: to this fantastic protein that we produce. 392 00:18:35,080 --> 00:18:36,920 Speaker 2: How big of the Sound East, Well, how big will 393 00:18:36,960 --> 00:18:37,199 Speaker 2: they be? 394 00:18:38,720 --> 00:18:43,040 Speaker 15: The feedback's been really positive and we are only in 395 00:18:43,040 --> 00:18:45,240 Speaker 15: Saudi Arabia a wee bit and do buy at the moment, 396 00:18:45,280 --> 00:18:49,119 Speaker 15: but that whole Middle East is you know, there's a 397 00:18:49,119 --> 00:18:53,760 Speaker 15: lot of wealth and the big lamb eaters, so that's 398 00:18:53,760 --> 00:18:56,400 Speaker 15: a growth opportunity. But even in the in the UK 399 00:18:56,600 --> 00:19:02,400 Speaker 15: and Europe there's opportunities for Lumina where they've got Welsh, Scottish, 400 00:19:02,480 --> 00:19:06,320 Speaker 15: Irish lamb and you know, we want to take them 401 00:19:06,359 --> 00:19:09,159 Speaker 15: here on and show them what quality lamb looks like. 402 00:19:09,280 --> 00:19:11,159 Speaker 2: Great story. Well and Steve appreciate it very much. De 403 00:19:11,280 --> 00:19:13,600 Speaker 2: Brown who's the CEO of Headwaters and Luminous. So there 404 00:19:13,640 --> 00:19:15,600 Speaker 2: it is. I mean, you can't argue with sixty percent 405 00:19:15,640 --> 00:19:20,360 Speaker 2: increase with potential upside, and people will buy quality when 406 00:19:20,400 --> 00:19:21,280 Speaker 2: it's available to them. 407 00:19:21,320 --> 00:19:25,600 Speaker 1: Nineteen two The Mic Hosking Breakfast Full Show podcast on 408 00:19:25,720 --> 00:19:27,880 Speaker 1: iHeartRadio powered by News. 409 00:19:27,640 --> 00:19:29,360 Speaker 9: Talks it Be Now. 410 00:19:29,359 --> 00:19:32,960 Speaker 2: You may remember we talked about Macarthurridge Vineyard, little refresher 411 00:19:33,000 --> 00:19:35,280 Speaker 2: significant vineyard, one of the most southern in the world. 412 00:19:35,320 --> 00:19:37,920 Speaker 2: In the Alexandra Basin. That's a subregion of the Pino 413 00:19:38,000 --> 00:19:41,640 Speaker 2: powerhouse Central Otigo, of course, so the location delivers superb 414 00:19:41,720 --> 00:19:45,560 Speaker 2: taste and consistency in the wines and is proof. As 415 00:19:45,560 --> 00:19:47,600 Speaker 2: we told you at the time, the Mcarthurridge Range had 416 00:19:47,600 --> 00:19:50,639 Speaker 2: one back to back awards locally and globally, including the 417 00:19:50,640 --> 00:19:53,480 Speaker 2: World's Best in Show Peninwa at the Decanta No Less 418 00:19:53,480 --> 00:19:56,280 Speaker 2: to Cantawan Awards. So how do they do that? Well, 419 00:19:56,320 --> 00:19:58,919 Speaker 2: the secret is all about the extremes of the climate, 420 00:19:58,960 --> 00:20:00,960 Speaker 2: of course, bitterly cold and win with the grapes constantly 421 00:20:01,000 --> 00:20:03,760 Speaker 2: threatened by the frost but scorching in summer. And because 422 00:20:03,760 --> 00:20:06,000 Speaker 2: of all of that, the grapes grow with a robust 423 00:20:06,119 --> 00:20:08,560 Speaker 2: depth of flavor. That's the magic of Central Otago pinots. 424 00:20:08,600 --> 00:20:11,480 Speaker 2: So if you're looking for a wine to savor or 425 00:20:11,520 --> 00:20:14,320 Speaker 2: something very special to share with friends or family over 426 00:20:14,320 --> 00:20:16,760 Speaker 2: this festive season, then you might want to choose one 427 00:20:16,840 --> 00:20:19,680 Speaker 2: with a very good, very interesting story behind it. It's 428 00:20:19,720 --> 00:20:24,720 Speaker 2: the acclaimed MacArthur Ridge. It's available at all good wine retailers, 429 00:20:24,720 --> 00:20:26,520 Speaker 2: so look out for MacArthur Ridge or if you want 430 00:20:26,520 --> 00:20:30,000 Speaker 2: to go online, Macarthurridge dot com. You got the address 431 00:20:30,080 --> 00:20:34,480 Speaker 2: MacArthur ridge dot com ask now, though voting in Tennessee 432 00:20:34,600 --> 00:20:37,400 Speaker 2: yesterday turned out to be sort of a non event, 433 00:20:37,440 --> 00:20:39,600 Speaker 2: they were trying to hype it up. It was for 434 00:20:39,640 --> 00:20:45,360 Speaker 2: a vacant seat congressional election, Republicans v. Democrats. Obviously Republicans 435 00:20:45,359 --> 00:20:49,320 Speaker 2: should have won, and they did. Democrats were in that hole. 436 00:20:50,560 --> 00:20:52,240 Speaker 2: We might turn it and if we can flip it 437 00:20:52,280 --> 00:20:54,439 Speaker 2: all it's all on for next year in the midterms. Anyway, 438 00:20:54,440 --> 00:20:57,040 Speaker 2: the Republicans won by nine points, which is not as 439 00:20:57,119 --> 00:20:59,119 Speaker 2: much as they won last time. But then again, it 440 00:20:59,200 --> 00:21:02,440 Speaker 2: never is in an off peak election, isn't it. So 441 00:21:02,680 --> 00:21:05,320 Speaker 2: the upshot was the Republican's one, and I think that's 442 00:21:05,320 --> 00:21:05,880 Speaker 2: the end of it. 443 00:21:05,920 --> 00:21:10,200 Speaker 1: So it's forty five International correspondence with ends and eye insurance, 444 00:21:10,359 --> 00:21:12,400 Speaker 1: Peace of mind for New Zealand business and Italy. 445 00:21:12,480 --> 00:21:13,920 Speaker 2: Jne A ken A very good morning to you. 446 00:21:14,320 --> 00:21:16,639 Speaker 16: Good morning Mike, and no Christmas. 447 00:21:16,160 --> 00:21:19,160 Speaker 2: And to you as well. Now, now this whole talk 448 00:21:19,200 --> 00:21:20,800 Speaker 2: we've had in Russia the last couple of days, the 449 00:21:20,840 --> 00:21:23,160 Speaker 2: war's not going to end. I mean we're we's it'ly 450 00:21:23,200 --> 00:21:23,840 Speaker 2: get with all of that. 451 00:21:24,880 --> 00:21:28,080 Speaker 16: Well, there has been some tension inside the cabinet between 452 00:21:28,200 --> 00:21:31,880 Speaker 16: the Prime Minister Georgia Maloney's right wing party and her 453 00:21:32,000 --> 00:21:36,800 Speaker 16: partner there Matteo Slovini from the League. They seem to 454 00:21:36,880 --> 00:21:41,639 Speaker 16: have delayed this decree that would allow more supplies to 455 00:21:41,720 --> 00:21:45,439 Speaker 16: move from Italy to Ukraine. But the Prime Minister was 456 00:21:45,760 --> 00:21:49,960 Speaker 16: really staunchly defending Italy's defense today when she spoke to 457 00:21:50,000 --> 00:21:51,919 Speaker 16: the media in the Middle East. She's there for a 458 00:21:51,960 --> 00:21:55,560 Speaker 16: Gulf summit. She said that the decree will be passed 459 00:21:55,600 --> 00:21:57,919 Speaker 16: by the end of the year. Italy will continue to 460 00:21:57,920 --> 00:22:01,760 Speaker 16: support Ukraine to defend its of as long as there 461 00:22:01,840 --> 00:22:05,080 Speaker 16: is a war. So she's been quite consistent on that 462 00:22:05,119 --> 00:22:08,600 Speaker 16: message and insists that they will get their act together 463 00:22:08,640 --> 00:22:09,400 Speaker 16: by the end of the year. 464 00:22:10,119 --> 00:22:12,520 Speaker 2: In what way, because every time they have a meeting, 465 00:22:12,920 --> 00:22:14,879 Speaker 2: goes back to Russia and Russia goes no thanks, and 466 00:22:14,920 --> 00:22:16,760 Speaker 2: that's the and so run around we go. 467 00:22:17,680 --> 00:22:18,080 Speaker 9: Yeah. 468 00:22:18,160 --> 00:22:20,919 Speaker 16: I mean, she says that they're committed to working, of 469 00:22:20,960 --> 00:22:25,040 Speaker 16: course with the other EU leaders for peace, but in 470 00:22:25,160 --> 00:22:28,560 Speaker 16: terms of getting her act together with her coalition, I'm 471 00:22:28,600 --> 00:22:32,080 Speaker 16: wondering if she just doesn't mind that Selvini is the 472 00:22:32,119 --> 00:22:35,280 Speaker 16: voice of opposition talking to some people that inside Italy 473 00:22:35,320 --> 00:22:39,560 Speaker 16: that might be disillusioned with Italy's continued support for Ukraine. 474 00:22:39,680 --> 00:22:42,000 Speaker 2: Yeah, then we come to another matter of concern globally. 475 00:22:42,040 --> 00:22:44,400 Speaker 2: This is Madeira and Trump and his relationship with him. 476 00:22:44,400 --> 00:22:46,760 Speaker 2: So the pope waves and what you read on the 477 00:22:46,760 --> 00:22:48,200 Speaker 2: Pope so far is he political? 478 00:22:49,400 --> 00:22:54,080 Speaker 16: Look, I think he's stepping up. He's riding high after 479 00:22:54,119 --> 00:22:58,440 Speaker 16: this first overseas trip that he's made to Lebanon and Turkey. 480 00:23:00,160 --> 00:23:02,639 Speaker 16: Prize to see how much interaction he was having with 481 00:23:02,720 --> 00:23:05,840 Speaker 16: the media aboard the flight, also speaking English, which he 482 00:23:05,880 --> 00:23:09,159 Speaker 16: doesn't do very often, and also giving some of his 483 00:23:09,840 --> 00:23:14,440 Speaker 16: presentations abroad in English. He's stepping it up, and he's 484 00:23:14,720 --> 00:23:19,720 Speaker 16: urging the President Donald Trump to not to intervene in Venezuela, 485 00:23:19,880 --> 00:23:24,320 Speaker 16: not to oost the president Nicholas Maduro using military force, 486 00:23:24,840 --> 00:23:27,520 Speaker 16: and a direct appeal to Trump. I think to reconsider. 487 00:23:27,760 --> 00:23:30,200 Speaker 2: Yeah, interesting, your unemployment rate, what's it at now? 488 00:23:31,440 --> 00:23:35,760 Speaker 16: Yeah, well, we're seeing employment at sixty two point seven percent, 489 00:23:35,800 --> 00:23:38,880 Speaker 16: but when we look at the unemployment rate, it's around 490 00:23:39,000 --> 00:23:42,280 Speaker 16: six percent. And I think what's really worrying is that 491 00:23:42,400 --> 00:23:45,800 Speaker 16: use unemployment is still around twenty percent, So we shouldn't 492 00:23:45,800 --> 00:23:46,800 Speaker 16: be too excited about that. 493 00:23:47,359 --> 00:23:47,479 Speaker 9: Now. 494 00:23:48,200 --> 00:23:49,960 Speaker 2: It's always the way, though, isn't it of you do 495 00:23:50,000 --> 00:23:51,840 Speaker 2: you have that we have this big debate in this country. 496 00:23:51,880 --> 00:23:54,320 Speaker 2: Too many kids to leave school without the qualifications. There's 497 00:23:54,320 --> 00:23:57,520 Speaker 2: not enough channels to go from school into something that 498 00:23:57,600 --> 00:24:00,159 Speaker 2: actually needs people working for them, so they all end 499 00:24:00,240 --> 00:24:01,560 Speaker 2: u unemployed. Is it the same there? 500 00:24:02,440 --> 00:24:04,920 Speaker 16: Yeah, And I think we see a big division two 501 00:24:05,000 --> 00:24:07,359 Speaker 16: mike between the north of Italy and the south of Italy. 502 00:24:07,480 --> 00:24:10,600 Speaker 16: Is just not enough opportunities down south, and kids are 503 00:24:10,680 --> 00:24:12,960 Speaker 16: languishing and not really moving forward. 504 00:24:13,200 --> 00:24:15,800 Speaker 2: Very very sad. Now these luxury brands, this has been 505 00:24:15,800 --> 00:24:17,400 Speaker 2: going on for a while. I'm glad it's being paid 506 00:24:17,440 --> 00:24:20,040 Speaker 2: some attenation to because of course this is not about 507 00:24:20,240 --> 00:24:23,439 Speaker 2: the ripops that you find in a Chinese market, but 508 00:24:23,520 --> 00:24:27,399 Speaker 2: these guys, these big name brands, and whether or not 509 00:24:27,440 --> 00:24:30,040 Speaker 2: they use these third world sweatshops and yet still charge 510 00:24:30,040 --> 00:24:30,960 Speaker 2: your first world money. 511 00:24:32,040 --> 00:24:34,600 Speaker 16: Yeah, I think that's really interesting. And I think these, 512 00:24:34,720 --> 00:24:37,560 Speaker 16: as you say, these luxury brands are very much the 513 00:24:37,600 --> 00:24:41,120 Speaker 16: big names in Italy. They're seen as you know, soft culture, 514 00:24:41,640 --> 00:24:45,199 Speaker 16: cultural diplomacy, as well as of course very important economically. 515 00:24:45,680 --> 00:24:49,679 Speaker 16: And five fashion brands are under court administration after an 516 00:24:49,720 --> 00:24:53,680 Speaker 16: investigation by Milan prosecutors. And it's really about the worker 517 00:24:53,720 --> 00:24:57,120 Speaker 16: abuse in the supply chains inside Italy, and I think 518 00:24:57,200 --> 00:24:59,920 Speaker 16: that's also interesting too, not just the offshore stuff. 519 00:25:00,200 --> 00:25:03,560 Speaker 2: Interesting all right, Josephine, you have a fantastic break, and 520 00:25:04,440 --> 00:25:06,400 Speaker 2: I'm away for a short, very short period of time, 521 00:25:06,440 --> 00:25:08,240 Speaker 2: and then before you know it, we'll be back together 522 00:25:08,280 --> 00:25:09,160 Speaker 2: in twenty twenty six. 523 00:25:09,600 --> 00:25:11,840 Speaker 16: Do you go all the bets have a great time. 524 00:25:11,800 --> 00:25:14,320 Speaker 2: Joe McKennis, she's delightful. Bulgaria, by the way, just before 525 00:25:14,320 --> 00:25:16,440 Speaker 2: we leave that particular part of the world, they're withdrawing 526 00:25:16,600 --> 00:25:20,000 Speaker 2: a budget plan. Huge rallies over the weekend, not the 527 00:25:20,040 --> 00:25:21,720 Speaker 2: first of the rallies. Have been many rallies, but this 528 00:25:21,800 --> 00:25:25,360 Speaker 2: was a particularly big one. So next year's budget it's 529 00:25:25,400 --> 00:25:27,920 Speaker 2: to be delivered in euros, which is a first. Because 530 00:25:27,920 --> 00:25:30,000 Speaker 2: they joined the Eurozone as the beginning of this year. 531 00:25:30,600 --> 00:25:33,560 Speaker 2: Public opinion over adopting the Euro is always a problem. 532 00:25:33,600 --> 00:25:35,639 Speaker 2: Speaking of Italy, I remember being in Italy when the 533 00:25:35,720 --> 00:25:38,600 Speaker 2: leraate went and the Euro arrived, and my brother in 534 00:25:38,720 --> 00:25:41,479 Speaker 2: law was like beside himself, and he was right too, 535 00:25:41,480 --> 00:25:42,920 Speaker 2: he said, you're not going to be able to afforard 536 00:25:42,920 --> 00:25:46,520 Speaker 2: a thing anyway. Protests against the government corruptions, the old 537 00:25:46,560 --> 00:25:50,280 Speaker 2: story in Bulgaria they look to increase social security contributions, 538 00:25:50,680 --> 00:25:53,600 Speaker 2: taxes on dividends, and that finance is highest spending. Basically, 539 00:25:53,680 --> 00:25:56,160 Speaker 2: the people didn't want it, and so they've been successful. 540 00:25:56,160 --> 00:25:57,560 Speaker 2: It's been dropped ten to seven. 541 00:25:58,040 --> 00:26:02,800 Speaker 1: So my costing breakfast with Vida Retirement Communities News togsad been. 542 00:26:02,880 --> 00:26:04,640 Speaker 2: Mike, is there anywhere in New Zealand you can buy 543 00:26:04,640 --> 00:26:06,439 Speaker 2: that lamb? Or does it? We'll go over seas pret 544 00:26:06,560 --> 00:26:08,320 Speaker 2: I don't actually know. It's not a bad question, but 545 00:26:08,359 --> 00:26:11,520 Speaker 2: those sort of niche products tend to be available in 546 00:26:11,600 --> 00:26:14,000 Speaker 2: limited supply locally. If you want to you generally have 547 00:26:14,040 --> 00:26:16,080 Speaker 2: to go to the source in that sense. But I'm 548 00:26:16,119 --> 00:26:17,480 Speaker 2: sure a bit of homework can do that for you. 549 00:26:17,560 --> 00:26:19,760 Speaker 2: Pete Hexth, By the way, it's going to be interesting 550 00:26:19,760 --> 00:26:23,679 Speaker 2: to see where this goes. So tomorrow the publicly released 551 00:26:23,760 --> 00:26:27,080 Speaker 2: version unclassified version of the old signal gate remember signal. 552 00:26:27,160 --> 00:26:30,119 Speaker 2: Back in March he risked this is the report he 553 00:26:30,240 --> 00:26:35,200 Speaker 2: risked compromising sensitive military information. Inspector General has done the report. 554 00:26:35,320 --> 00:26:38,399 Speaker 2: Four sources of leaked so far. It's already gone to 555 00:26:38,440 --> 00:26:41,520 Speaker 2: the Senate. He offered specific, real time updates about planned 556 00:26:41,560 --> 00:26:45,240 Speaker 2: military strikes. They were so specific that one even read 557 00:26:45,280 --> 00:26:47,320 Speaker 2: this is when the first bombs will drop. So you 558 00:26:47,320 --> 00:26:50,000 Speaker 2: remember that particular story. They said, it's no big deal, 559 00:26:50,040 --> 00:26:52,320 Speaker 2: he didn't do anything wrong. But that's what Pete says. Now, 560 00:26:53,080 --> 00:26:56,760 Speaker 2: dovetail that with the business of the second strike in 561 00:26:56,800 --> 00:27:01,440 Speaker 2: the potential war crime and Trump's measure comments of support. 562 00:27:02,200 --> 00:27:04,919 Speaker 2: And I just wonder if before Christmas Pete's going to 563 00:27:04,960 --> 00:27:07,560 Speaker 2: be sent home to find another job. We'll be interested 564 00:27:07,600 --> 00:27:09,640 Speaker 2: to see where that goes. Tomorrow five to seven. 565 00:27:10,960 --> 00:27:14,240 Speaker 1: B the ins and the ouse. It's the fizz with 566 00:27:14,480 --> 00:27:17,960 Speaker 1: business fiber take your business productivity to the next level. 567 00:27:18,040 --> 00:27:20,400 Speaker 2: Our report from uber each this morning our most ordered 568 00:27:20,400 --> 00:27:22,840 Speaker 2: dishes and trends. They generate roughly one hundred and twenty 569 00:27:22,880 --> 00:27:24,760 Speaker 2: million dollars per year for business as seventy percent of 570 00:27:24,920 --> 00:27:27,600 Speaker 2: users say they've discovered a new restaurant because of this. Now, 571 00:27:27,600 --> 00:27:29,280 Speaker 2: the busiest day of the year for the North Island 572 00:27:29,320 --> 00:27:32,080 Speaker 2: was June twenty seven. It was a cold day, so 573 00:27:32,280 --> 00:27:34,560 Speaker 2: basically we're lazy. We can't be bothered going out South 574 00:27:34,600 --> 00:27:36,399 Speaker 2: Island fifth of October. That was the last day of 575 00:27:36,400 --> 00:27:39,480 Speaker 2: the school holidays. Now, the most ordered dish of the 576 00:27:39,560 --> 00:27:44,200 Speaker 2: year butter chicken and the garlic Nan of course, all 577 00:27:44,320 --> 00:27:47,560 Speaker 2: was thirty thousand times. We ordered that. We love the 578 00:27:47,800 --> 00:27:51,440 Speaker 2: zero sugar. These days we're into the healthy drinks. Orders 579 00:27:51,440 --> 00:27:55,119 Speaker 2: for zero sugar drinks are up twelve hundred percent compared 580 00:27:55,119 --> 00:27:58,600 Speaker 2: to twenty twenty three. Match your orders up three hundred percent. 581 00:27:59,800 --> 00:28:03,840 Speaker 2: We love Super Bowl or finals, big sport events. Super Bowl, 582 00:28:03,880 --> 00:28:06,600 Speaker 2: we ordered a lot of fried chicken. Salt was the 583 00:28:06,600 --> 00:28:10,000 Speaker 2: most popular add on, followed by cheeseburgers and pickles. I'm 584 00:28:10,000 --> 00:28:12,320 Speaker 2: not sure cheeseburger's an add on. I mean you sort 585 00:28:12,320 --> 00:28:15,200 Speaker 2: of order whatever you already added cheeseburger, and also. 586 00:28:14,920 --> 00:28:17,640 Speaker 17: You're adding salt onto whatever it is that you're getting. 587 00:28:17,800 --> 00:28:21,760 Speaker 2: Precise What was the most ordered coffee? Flat white? Why 588 00:28:21,840 --> 00:28:24,240 Speaker 2: you'd order coffee to be the livered I've got no idea, 589 00:28:24,280 --> 00:28:26,160 Speaker 2: because it'll be cold. First of all, they get lost 590 00:28:26,200 --> 00:28:27,639 Speaker 2: going around the blanc, and then by the time they 591 00:28:27,640 --> 00:28:29,520 Speaker 2: get there, the lids come off and half of it's spilled, 592 00:28:29,520 --> 00:28:32,480 Speaker 2: and it's cold. Why do you order your coffee? Do 593 00:28:32,600 --> 00:28:35,600 Speaker 2: we tip? Sort of? North Island average of two fifty 594 00:28:35,880 --> 00:28:42,080 Speaker 2: South Island two forty one. One person had twelve hundred orders, 595 00:28:42,600 --> 00:28:46,720 Speaker 2: cookie pies being the thing they ordered most. Someone made 596 00:28:46,760 --> 00:28:50,200 Speaker 2: twenty fail orders. In the same day. The most expensive 597 00:28:50,320 --> 00:28:55,200 Speaker 2: order was for twenty ninety two dollars. Weirdest order fifty 598 00:28:55,200 --> 00:28:59,520 Speaker 2: one bananas. But we you've forgot you know what, Jason's lemons. 599 00:29:00,200 --> 00:29:03,120 Speaker 2: Jason's lemits. Surely that goes into the headline, Jason, if 600 00:29:03,120 --> 00:29:06,240 Speaker 2: you missed the story at the time, something happened to 601 00:29:06,280 --> 00:29:09,360 Speaker 2: my limits count what oh, that's right, my water got 602 00:29:09,400 --> 00:29:11,920 Speaker 2: thrown out ahead no limits. So Jason ordered ubered some 603 00:29:12,080 --> 00:29:14,800 Speaker 2: lemons and they got lost as well, didn't they? So anyway, 604 00:29:15,480 --> 00:29:17,120 Speaker 2: news for you in a couple of moments. Then we've 605 00:29:17,120 --> 00:29:20,040 Speaker 2: got a couple more reports on the economy of relatively 606 00:29:20,040 --> 00:29:20,560 Speaker 2: good news. 607 00:29:20,960 --> 00:29:24,920 Speaker 1: The newsmakers and the personalities the big names. Talk to 608 00:29:25,040 --> 00:29:28,840 Speaker 1: Mike the mic asking breakfast where the defender embraced the 609 00:29:28,920 --> 00:29:30,920 Speaker 1: impossible news toksad. 610 00:29:30,440 --> 00:29:33,000 Speaker 2: Be seven to the Andrew caster Saga, as you'll be 611 00:29:33,040 --> 00:29:34,720 Speaker 2: well aware, has come to a conclusion. We have a 612 00:29:34,760 --> 00:29:37,960 Speaker 2: resignation and an apology. It follows the IPCA review into 613 00:29:38,000 --> 00:29:40,520 Speaker 2: the handling of the MC skimming complaints of Brian Roach's 614 00:29:40,520 --> 00:29:42,840 Speaker 2: the Public Services Commissioner, of course, and is back with us. 615 00:29:42,840 --> 00:29:46,160 Speaker 2: Good morning to you, Good morning. Was this a time 616 00:29:46,320 --> 00:29:48,880 Speaker 2: play on your partner which you were looking to direct 617 00:29:48,920 --> 00:29:49,960 Speaker 2: them to where he got. 618 00:29:51,880 --> 00:29:55,240 Speaker 18: I think it was just a process. He finally got 619 00:29:55,240 --> 00:29:58,040 Speaker 18: to the point many others had got to. I think 620 00:29:58,080 --> 00:30:00,960 Speaker 18: he's got to the right place. It took three weeks, 621 00:30:00,960 --> 00:30:03,320 Speaker 18: which is longer than some of us would alight, but 622 00:30:03,360 --> 00:30:05,560 Speaker 18: it was important we got the right outcome, and I 623 00:30:05,600 --> 00:30:06,120 Speaker 18: think we have. 624 00:30:06,840 --> 00:30:08,760 Speaker 2: How was the ball in his court? 625 00:30:10,280 --> 00:30:13,960 Speaker 18: Ultimately? I had decision rights, but he also had decision rights. 626 00:30:14,080 --> 00:30:17,400 Speaker 18: He exercised those before I had to do anything else. 627 00:30:17,840 --> 00:30:20,440 Speaker 2: Was he aware you would have sacked him? 628 00:30:21,240 --> 00:30:23,000 Speaker 18: I think it was very clear to him that that 629 00:30:23,080 --> 00:30:24,200 Speaker 18: was a likely outcome. 630 00:30:24,440 --> 00:30:26,680 Speaker 2: So you at no point you said, listen, mate, I'd 631 00:30:26,720 --> 00:30:28,280 Speaker 2: like you to just write a letter and be nice 632 00:30:28,320 --> 00:30:29,880 Speaker 2: about it. If you can't, I'm going to sack you. 633 00:30:29,920 --> 00:30:31,520 Speaker 2: So nothing like that was ever exchanged. 634 00:30:32,960 --> 00:30:34,600 Speaker 15: We didn't do We didn't do that. 635 00:30:34,760 --> 00:30:38,600 Speaker 18: But you know, he has spent a lot of time 636 00:30:38,680 --> 00:30:42,320 Speaker 18: considering his position and what defense, if any, he had, 637 00:30:42,400 --> 00:30:45,800 Speaker 18: And I think his public statements are very clear that 638 00:30:45,840 --> 00:30:49,360 Speaker 18: he's taken a very difficult, but I think appropriate decision. 639 00:30:49,480 --> 00:30:54,440 Speaker 18: He's accepted responsibility, express regret, and apologized he's lost his job. 640 00:30:54,560 --> 00:30:56,520 Speaker 18: I'm really not sure what more he could do. 641 00:30:56,920 --> 00:31:00,200 Speaker 2: Did he move ground significantly? I was told earlier on 642 00:31:00,280 --> 00:31:03,240 Speaker 2: he was, if not a ghast at it, certainly surprised 643 00:31:03,280 --> 00:31:05,160 Speaker 2: he couldn't work out what he'd done wrong. Was that fair? 644 00:31:06,720 --> 00:31:10,480 Speaker 18: I think it's become a little while to learn the magnitude. 645 00:31:10,520 --> 00:31:14,320 Speaker 18: But he is not a stupid person or in any 646 00:31:14,360 --> 00:31:18,920 Speaker 18: form of denial. It just he absorbed the IPSA report, 647 00:31:19,000 --> 00:31:21,160 Speaker 18: as he said, he was shocked when he read the 648 00:31:21,240 --> 00:31:22,920 Speaker 18: totality of what went on. 649 00:31:23,720 --> 00:31:27,920 Speaker 2: The apology in his wording, is that all him? 650 00:31:28,720 --> 00:31:29,560 Speaker 18: It's him and me? 651 00:31:30,160 --> 00:31:34,440 Speaker 4: I think he. 652 00:31:32,760 --> 00:31:35,520 Speaker 18: Those words are his words, are not my words. But 653 00:31:35,600 --> 00:31:37,880 Speaker 18: I strongly endorse what he's done, and I think it 654 00:31:38,160 --> 00:31:42,640 Speaker 18: shows account accountability in action. We don't see a lot 655 00:31:42,640 --> 00:31:42,880 Speaker 18: of it. 656 00:31:43,080 --> 00:31:44,760 Speaker 2: No, I was just what I want to know. Is 657 00:31:44,760 --> 00:31:47,040 Speaker 2: he genuine in the apology? I mean he's come to 658 00:31:47,040 --> 00:31:50,640 Speaker 2: a conclusion that he's genuinely sorry, he genuinely made a mistake, 659 00:31:50,720 --> 00:31:52,520 Speaker 2: and you know he's going to lessen here. 660 00:31:53,720 --> 00:31:57,240 Speaker 18: All my experiences of Andy Costa, he's a very genuine person, 661 00:31:57,400 --> 00:32:02,280 Speaker 18: he's very sincere, and he has got real courage. I 662 00:32:02,320 --> 00:32:04,240 Speaker 18: absolutely believe what he said. 663 00:32:04,320 --> 00:32:08,160 Speaker 2: He believes right now that you've dispensed with this, and 664 00:32:08,200 --> 00:32:11,440 Speaker 2: I presume you're going on holiday. Where's this reorganization of 665 00:32:11,520 --> 00:32:14,080 Speaker 2: the public service got to while you've been handling all 666 00:32:14,080 --> 00:32:14,920 Speaker 2: this nonsense. 667 00:32:16,200 --> 00:32:18,640 Speaker 18: It's progressing. We still have a plan, which I've talked 668 00:32:18,640 --> 00:32:21,520 Speaker 18: about publicly. Ultimately it will be amount of a decision 669 00:32:21,840 --> 00:32:24,720 Speaker 18: by ministers. But I'm strongly of the view that we 670 00:32:24,800 --> 00:32:27,440 Speaker 18: have too many entities. We could do the same amount 671 00:32:27,440 --> 00:32:32,560 Speaker 18: of work with less entities. We could remove duplication, adop technology. 672 00:32:32,680 --> 00:32:35,640 Speaker 18: I believe it's a really strong story for those who 673 00:32:35,720 --> 00:32:36,640 Speaker 18: work in the public sect. 674 00:32:36,680 --> 00:32:38,280 Speaker 2: Good, good, good. When's it all going to happen? 675 00:32:39,760 --> 00:32:43,080 Speaker 18: I would like to start early next year if I could, 676 00:32:43,240 --> 00:32:45,719 Speaker 18: but this will take three to five years. It's not 677 00:32:45,800 --> 00:32:48,520 Speaker 18: an overnight thing. It doesn't need to be. But if 678 00:32:48,560 --> 00:32:51,560 Speaker 18: we don't move now, our options will become less and less. 679 00:32:51,880 --> 00:32:54,120 Speaker 18: I think that's to the detriment of the tax path. 680 00:32:54,280 --> 00:32:56,000 Speaker 2: Good stuff. Nice to talk to you, Brian go Well. 681 00:32:56,120 --> 00:32:58,960 Speaker 2: Subrian writes Public Services Commission. A ten minutes past seven 682 00:32:59,080 --> 00:33:02,200 Speaker 2: past gig of related matters. New economic forecast to have 683 00:33:02,240 --> 00:33:04,120 Speaker 2: a look at comes from Business New Zealand. They're calling 684 00:33:04,120 --> 00:33:06,200 Speaker 2: a GDP number of just under three percent by the 685 00:33:06,240 --> 00:33:10,480 Speaker 2: end of twenty seven. They see momentum coming in manufacturing, construction, tourism. 686 00:33:11,240 --> 00:33:13,720 Speaker 2: They talk aboutset sales, which is interesting. John Paska is 687 00:33:13,760 --> 00:33:16,000 Speaker 2: the Business New Zealand Chief economist and is with us. 688 00:33:16,040 --> 00:33:16,960 Speaker 2: John morning to you. 689 00:33:17,800 --> 00:33:18,320 Speaker 19: Good morning. 690 00:33:18,600 --> 00:33:20,360 Speaker 2: Having had a good look at this report this morning. 691 00:33:20,440 --> 00:33:23,640 Speaker 2: Year in the retirement healthcare camp of people who say 692 00:33:23,680 --> 00:33:25,760 Speaker 2: this is all going to be unaffordable and we're going 693 00:33:25,800 --> 00:33:27,920 Speaker 2: to need to make some fairly serious decisions. Do you 694 00:33:27,920 --> 00:33:28,680 Speaker 2: reckon we're up for it? 695 00:33:30,360 --> 00:33:34,200 Speaker 19: Well, I think that it's the success The governments are 696 00:33:34,200 --> 00:33:36,520 Speaker 19: ready sort of kick this can down down the road. 697 00:33:36,600 --> 00:33:40,800 Speaker 19: But I think there's more and more public debate now 698 00:33:41,000 --> 00:33:46,240 Speaker 19: that not only from you know, Treasury, but even healthcare 699 00:33:46,320 --> 00:33:49,840 Speaker 19: organizations and age care that they realize that this is 700 00:33:49,880 --> 00:33:52,959 Speaker 19: going to have to be addressed and sooner rather than 701 00:33:53,040 --> 00:33:54,200 Speaker 19: later would be desirable. 702 00:33:54,480 --> 00:33:56,560 Speaker 2: And what about the government idea around debt? I mean, 703 00:33:56,840 --> 00:33:58,640 Speaker 2: I'm so glad people are starting to talk about debt. 704 00:33:58,680 --> 00:34:00,200 Speaker 2: I mean, the debt is just a problem. I mean 705 00:34:00,240 --> 00:34:02,200 Speaker 2: we're not even getting back to surplus until twenty eight, 706 00:34:02,240 --> 00:34:04,080 Speaker 2: twenty nine, and even then it's touch and go. Do 707 00:34:04,120 --> 00:34:05,680 Speaker 2: you think people get that bit? 708 00:34:07,160 --> 00:34:09,800 Speaker 19: Well, I think it's been We went through obviously difficult 709 00:34:09,840 --> 00:34:12,960 Speaker 19: years under COVID. But I think there was almost like 710 00:34:12,960 --> 00:34:14,920 Speaker 19: an impression that, you know, we had low levels of 711 00:34:14,920 --> 00:34:16,480 Speaker 19: debt and it wasn't a problem of the sort of 712 00:34:16,480 --> 00:34:19,239 Speaker 19: government borrowing up the eyeballs and you consider it eye 713 00:34:19,239 --> 00:34:22,600 Speaker 19: on the government to bail you out. And I you know, 714 00:34:22,880 --> 00:34:25,320 Speaker 19: once you start dealing with really really big numbers, people 715 00:34:25,360 --> 00:34:27,080 Speaker 19: know the price of the copper coffee, but when you 716 00:34:27,080 --> 00:34:29,600 Speaker 19: start talking about you know, fifty one hundred billion dollars, 717 00:34:29,640 --> 00:34:32,520 Speaker 19: there's their eyes glows over and they can't really get 718 00:34:32,520 --> 00:34:35,040 Speaker 19: in that space. So I think unless you actually sort 719 00:34:35,040 --> 00:34:36,959 Speaker 19: of try and simplify it and sort of say, look, 720 00:34:37,000 --> 00:34:40,480 Speaker 19: you know, your average household is basically in debt of 721 00:34:40,600 --> 00:34:42,880 Speaker 19: you know, a couple hundred thousand or whatever, then that 722 00:34:43,000 --> 00:34:45,520 Speaker 19: sort of gets a bit of reality into the process, 723 00:34:45,520 --> 00:34:46,000 Speaker 19: as it were. 724 00:34:46,280 --> 00:34:49,840 Speaker 2: Are you for rasset sales or the regeneration of income 725 00:34:49,880 --> 00:34:50,560 Speaker 2: from assets? 726 00:34:51,160 --> 00:34:52,800 Speaker 19: Well, I think you have to look at everything and 727 00:34:52,880 --> 00:34:54,799 Speaker 19: it's in its own merits. It's not a case of, 728 00:34:54,840 --> 00:34:56,920 Speaker 19: you know, just simply selling off the family silver. But 729 00:34:56,960 --> 00:34:59,560 Speaker 19: you've got to sort of really question, you know what, 730 00:34:59,560 --> 00:35:02,200 Speaker 19: why why do we have state owned farms, you know, 731 00:35:02,560 --> 00:35:06,719 Speaker 19: seting state owned electricity generation and so on so and 732 00:35:06,800 --> 00:35:08,880 Speaker 19: it's not only that, but it's actually getting more efficient 733 00:35:08,960 --> 00:35:13,680 Speaker 19: use of resources and also potentially opening up areas of 734 00:35:14,640 --> 00:35:18,840 Speaker 19: government monopolies to competition. So you know, private sector generally 735 00:35:18,880 --> 00:35:22,720 Speaker 19: has greater incentives than the public sector and are not 736 00:35:22,719 --> 00:35:26,400 Speaker 19: not prone to political motivations. So generally the private sector 737 00:35:26,440 --> 00:35:30,320 Speaker 19: does better overall and over time in terms of managing assets. 738 00:35:30,680 --> 00:35:34,400 Speaker 2: Regrowth. GDP is next year real, it's going to happen. 739 00:35:34,480 --> 00:35:37,200 Speaker 19: Yeah, yeah, no, no, it's I think if you're looking 740 00:35:37,239 --> 00:35:39,759 Speaker 19: at you know, there's a lot of indicators coming out, 741 00:35:39,800 --> 00:35:42,879 Speaker 19: both both official from stats but forward looking indicators that 742 00:35:43,440 --> 00:35:45,719 Speaker 19: show really across the board, things are hanging a lot 743 00:35:45,760 --> 00:35:49,680 Speaker 19: more positive. So you know, obviously it starts with business 744 00:35:49,719 --> 00:35:53,880 Speaker 19: confidence and consumer confidence. Business confidence is high. You know, 745 00:35:54,040 --> 00:35:56,239 Speaker 19: I've always taken some of these confidence surveys with a 746 00:35:56,280 --> 00:35:58,440 Speaker 19: grain of salt because people can you know, it depends 747 00:35:58,440 --> 00:35:59,920 Speaker 19: on the all blacks one or not, and that can 748 00:36:00,280 --> 00:36:03,360 Speaker 19: the termine whether they feel positive. But it's extrall the data. 749 00:36:03,400 --> 00:36:05,919 Speaker 19: What's actually happening at the end of the enterprise level. 750 00:36:05,920 --> 00:36:08,120 Speaker 19: That's the important stuff, and that's sextually improving. 751 00:36:08,200 --> 00:36:10,600 Speaker 2: Good to hear, John, well done. John Pasco is the Business, 752 00:36:10,640 --> 00:36:14,560 Speaker 2: New Zealand Chief Economists fourteen past seven The. 753 00:36:14,600 --> 00:36:19,000 Speaker 1: Hike Asking Breakfast Full show podcast on iHeartRadio powered by 754 00:36:19,040 --> 00:36:19,640 Speaker 1: News Talks a. 755 00:36:19,760 --> 00:36:23,480 Speaker 2: B News Talks. There'll be Hugh Jackman Kate Hudson after 756 00:36:24,040 --> 00:36:26,960 Speaker 2: eight this morning meantime seventeen past seven more on the economy. 757 00:36:26,960 --> 00:36:29,080 Speaker 2: Got a new deal for our ski industry into its 758 00:36:29,080 --> 00:36:33,280 Speaker 2: ski and sunk Bonski have signed. Who are sen Bonski? 759 00:36:33,280 --> 00:36:35,840 Speaker 2: While they're Chinese? Thirteen and a half million active skiers 760 00:36:35,880 --> 00:36:39,120 Speaker 2: in China. Paul Anderson is the New Zealand Ski CEO. 761 00:36:39,160 --> 00:36:43,000 Speaker 2: He's with us, Paul Morning, Good morning. Where's this come from? 762 00:36:43,080 --> 00:36:44,920 Speaker 2: I mean, do you just go, I know, let's go 763 00:36:45,000 --> 00:36:47,480 Speaker 2: target some Chinese people or do the Chinese people ring you? 764 00:36:47,560 --> 00:36:48,200 Speaker 2: How's this work? 765 00:36:49,280 --> 00:36:49,440 Speaker 9: Now? 766 00:36:49,440 --> 00:36:53,239 Speaker 4: Look, we've seen an increasing number of Chinese visitors on 767 00:36:53,280 --> 00:36:56,799 Speaker 4: our ski here is currently peak remarkables, particularly in Queenstown 768 00:36:57,440 --> 00:37:01,000 Speaker 4: over the last couple of years since COVID, and we've 769 00:37:01,080 --> 00:37:03,799 Speaker 4: kind of gone into that market supported by Touris of 770 00:37:03,800 --> 00:37:07,520 Speaker 4: New Zealand and managed to get this deal in place, 771 00:37:07,560 --> 00:37:12,320 Speaker 4: which gives us a good exposure to really fast growing market. 772 00:37:13,080 --> 00:37:16,280 Speaker 2: I would argue, if you'd asked me previously, all skiers 773 00:37:16,280 --> 00:37:19,480 Speaker 2: on New Zealand slopes are either New Zealanders or Australians. 774 00:37:19,560 --> 00:37:21,080 Speaker 2: Is that broadly correct? 775 00:37:21,760 --> 00:37:25,040 Speaker 4: Yeah, absolutely, they're about ninety percent of our skiers are 776 00:37:25,160 --> 00:37:29,120 Speaker 4: New Zealand or Australians. New Zealanders still make up the bulk, 777 00:37:29,880 --> 00:37:33,640 Speaker 4: but that Australian market's important for us because they're high yielding. 778 00:37:33,719 --> 00:37:35,880 Speaker 4: They spend a lot, and we've seen that with the 779 00:37:35,960 --> 00:37:39,160 Speaker 4: Chinese as it is that are arriving. They're no longer 780 00:37:39,280 --> 00:37:43,640 Speaker 4: the traditional bus tours of groups that came through from China. 781 00:37:43,760 --> 00:37:48,759 Speaker 4: They're what we call fit free, independent travelers and they're 782 00:37:48,800 --> 00:37:52,520 Speaker 4: really high spending. Great for the retailers and restauranteurs downtown 783 00:37:52,560 --> 00:37:53,040 Speaker 4: as well. 784 00:37:53,160 --> 00:37:56,799 Speaker 2: Are they off season so you target Americans, Japanese and 785 00:37:56,880 --> 00:37:59,040 Speaker 2: Chinese off season or it doesn't work that way. 786 00:38:00,040 --> 00:38:03,520 Speaker 4: Ye know that they are. They're obviously if you're in 787 00:38:03,600 --> 00:38:06,120 Speaker 4: Beijing during the summer, it's a very hot place to be, 788 00:38:06,400 --> 00:38:09,080 Speaker 4: so you know, they welcome that opportunity to get to 789 00:38:09,840 --> 00:38:12,600 Speaker 4: a nice, crisp winter down south New Zealand. 790 00:38:12,760 --> 00:38:14,879 Speaker 2: Why don't we target Americans in Japanese? 791 00:38:15,440 --> 00:38:19,920 Speaker 4: Yeah, they're coming as well. Look the Japanese, the Japanese 792 00:38:19,960 --> 00:38:22,240 Speaker 4: did drop off for a long time as their economy 793 00:38:22,320 --> 00:38:24,800 Speaker 4: wasn't so good. But we are seeing a few Japanese 794 00:38:24,880 --> 00:38:28,280 Speaker 4: coming back, and with that ear connectivity into North America, 795 00:38:28,320 --> 00:38:32,120 Speaker 4: we're seeing an increasing number of North Americans coming. We've 796 00:38:32,160 --> 00:38:37,200 Speaker 4: also got pass ski pass affiliations with icon and non 797 00:38:37,280 --> 00:38:40,200 Speaker 4: collective from to North America, so that's born an increasing 798 00:38:40,280 --> 00:38:42,200 Speaker 4: number of Americans as well. 799 00:38:42,400 --> 00:38:45,120 Speaker 2: Just real quick as the climate and increasing issue North 800 00:38:45,160 --> 00:38:47,600 Speaker 2: Island ski fields, it is down south? You still okay? 801 00:38:47,640 --> 00:38:49,360 Speaker 2: In other words, have I come from China? I know 802 00:38:49,480 --> 00:38:50,280 Speaker 2: I'm going to ski? 803 00:38:51,280 --> 00:38:51,480 Speaker 11: Yeah? 804 00:38:51,520 --> 00:38:56,560 Speaker 4: Absolutely. Look, we've made massive investments in snowmaking and Queenstown. 805 00:38:57,080 --> 00:39:00,080 Speaker 4: In fact, in this coming year we've just purchased what 806 00:39:00,160 --> 00:39:02,480 Speaker 4: they call a snow factory, which allows us to make 807 00:39:02,560 --> 00:39:07,480 Speaker 4: snow right from early May, so we can guarantee our 808 00:39:07,560 --> 00:39:10,080 Speaker 4: opening now at the end of May each year. 809 00:39:10,239 --> 00:39:12,520 Speaker 2: Awesome world, I'm Paul. Good news like it. Paul Anderson, 810 00:39:12,520 --> 00:39:16,600 Speaker 2: who's the New Zealand Ski CEO. This business of tourism 811 00:39:16,760 --> 00:39:19,480 Speaker 2: and events that God announced yesterday as part of the 812 00:39:19,520 --> 00:39:22,120 Speaker 2: seventy million. The seventy million didn't announced yesterday. Some of 813 00:39:22,160 --> 00:39:25,120 Speaker 2: the a tranch of the seventy million God announced yesterday 814 00:39:25,320 --> 00:39:27,200 Speaker 2: to bring events here will have a look at this 815 00:39:27,239 --> 00:39:29,359 Speaker 2: after seven thirty Men times seven twenty. 816 00:39:31,040 --> 00:39:35,880 Speaker 1: The Mike Hosking Breakfast Full Show podcast on iHeartRadio powered 817 00:39:35,920 --> 00:39:36,879 Speaker 1: by News Talks EP. 818 00:39:39,040 --> 00:39:41,040 Speaker 2: Now, if you're not up on this, you need to 819 00:39:41,080 --> 00:39:44,160 Speaker 2: be street smart, hands on in car training for young drivers, right, 820 00:39:44,200 --> 00:39:47,759 Speaker 2: So basically teaching the roads unforgiving realities. It's stalled. But 821 00:39:47,960 --> 00:39:50,200 Speaker 2: Tony Quinn, as in the Tony Quinn Foundation, came along, 822 00:39:50,200 --> 00:39:52,960 Speaker 2: brought it back. They got on board. Now Starr Insure, 823 00:39:52,960 --> 00:39:55,320 Speaker 2: they're a great company. We love Star Insurre. They're supporting it. 824 00:39:55,360 --> 00:39:58,239 Speaker 2: They're not waiting. We've got racing legend Greg Murphy on board. 825 00:39:58,280 --> 00:40:02,240 Speaker 2: He's backing the program. So that's credibility. Sabaru. They recognize 826 00:40:02,239 --> 00:40:05,719 Speaker 2: the critical need for practical education. So Starinshur's commitment means 827 00:40:05,719 --> 00:40:08,680 Speaker 2: that basically, more young drivers get skills that keep them alive. 828 00:40:08,760 --> 00:40:10,919 Speaker 2: So you can forget the classrooms and the computer tests 829 00:40:10,920 --> 00:40:12,879 Speaker 2: and all that stuff. This real world. This is real 830 00:40:12,920 --> 00:40:15,560 Speaker 2: world reactions. So if you're a business leader, this is 831 00:40:15,600 --> 00:40:17,360 Speaker 2: the message. If you're a business leader with a conscience, 832 00:40:17,360 --> 00:40:20,960 Speaker 2: give street smarter call, put your corporate muscle where it matters. 833 00:40:21,120 --> 00:40:22,799 Speaker 2: Or if you've got a young driver in your life, 834 00:40:22,800 --> 00:40:25,280 Speaker 2: book them onto a street smart course. It's not a luxury, 835 00:40:25,320 --> 00:40:28,240 Speaker 2: it's a necessity. So Starr Inshaw, the Tony Quinn Foundation, 836 00:40:28,320 --> 00:40:31,719 Speaker 2: Greg Murphy, Sabaru, they're making a difference. So it's about 837 00:40:31,800 --> 00:40:34,800 Speaker 2: time we backed what actually works. This is street smart. 838 00:40:34,840 --> 00:40:38,839 Speaker 2: Look it up and maybe get involved. Seven twenty three. 839 00:40:38,880 --> 00:40:41,680 Speaker 2: Now the Australian Social Media band has started, well sought of. 840 00:40:41,719 --> 00:40:45,200 Speaker 2: It came in on Monday, officially December one. It actually 841 00:40:45,280 --> 00:40:48,719 Speaker 2: starts D Day as they're calling it is December ten. 842 00:40:48,920 --> 00:40:51,160 Speaker 2: So the worrying thing is that one of the big 843 00:40:51,719 --> 00:40:55,480 Speaker 2: backers of the idea said she believed, she believed with 844 00:40:55,719 --> 00:41:00,239 Speaker 2: all her heart her words, we were saving a generation. 845 00:41:00,719 --> 00:41:02,640 Speaker 2: Now that simply, of course is not true. I mean 846 00:41:02,680 --> 00:41:07,080 Speaker 2: saving them from what themselves. Theory versus reality very powerfully 847 00:41:07,120 --> 00:41:09,000 Speaker 2: at play in this particular move. So we're dealing with 848 00:41:09,040 --> 00:41:11,839 Speaker 2: too many intangibles here. So between Monday and this time 849 00:41:11,880 --> 00:41:13,840 Speaker 2: next week when it begins, teens have been busy in 850 00:41:13,880 --> 00:41:16,359 Speaker 2: Australia finding new apps that aren't covered by the band. 851 00:41:16,760 --> 00:41:19,279 Speaker 2: Influencers are busy as we speak directing traffic to those 852 00:41:19,320 --> 00:41:21,759 Speaker 2: new outlets in order to work around the rules. Now 853 00:41:21,800 --> 00:41:24,720 Speaker 2: the government smart this has been busy this week announcing 854 00:41:24,719 --> 00:41:26,440 Speaker 2: a new series of apps that will be covered. So 855 00:41:26,480 --> 00:41:28,400 Speaker 2: we're in a sort of a whack a mole stage 856 00:41:28,440 --> 00:41:30,160 Speaker 2: at the moment now, as far as I can work out, 857 00:41:30,560 --> 00:41:32,200 Speaker 2: a lot of pressure has been placed on the tech 858 00:41:32,200 --> 00:41:35,600 Speaker 2: companies to make sure kids don't lie. How literally that works, 859 00:41:35,600 --> 00:41:38,000 Speaker 2: I got no idea. I mean, like alcohol, you'll be 860 00:41:38,040 --> 00:41:40,319 Speaker 2: asked what age you are. Whether a tech company can 861 00:41:40,360 --> 00:41:43,200 Speaker 2: be held liable for dishonesty. I suppose, in some way, 862 00:41:43,239 --> 00:41:45,960 Speaker 2: shape or form will end up in court. Face recognition 863 00:41:46,080 --> 00:41:47,960 Speaker 2: user profiles can be used, I guess, but at some 864 00:41:48,120 --> 00:41:51,480 Speaker 2: point a market the size of Australia might well end 865 00:41:51,520 --> 00:41:53,840 Speaker 2: up being more trouble than it's worth. Far better to 866 00:41:53,920 --> 00:41:56,840 Speaker 2: battle as these tech companies do with places like the EU, 867 00:41:57,360 --> 00:41:59,759 Speaker 2: where privacy and trading laws are constantly under review and 868 00:41:59,800 --> 00:42:02,720 Speaker 2: fire to hand it out on an almost continual basis. 869 00:42:02,960 --> 00:42:05,680 Speaker 2: Never forgetting, of course, that these tech companies we're now 870 00:42:05,719 --> 00:42:10,160 Speaker 2: dealing with businesses worth more than many countries and governments. However, 871 00:42:10,520 --> 00:42:13,919 Speaker 2: flip side, this could of course be the trojan horse 872 00:42:13,960 --> 00:42:17,640 Speaker 2: Australia at the forefront of a major global movement that 873 00:42:17,800 --> 00:42:21,200 Speaker 2: is going to somehow shift the nature of technological interaction 874 00:42:21,680 --> 00:42:25,799 Speaker 2: of an entire generation. Studies may be launched if you 875 00:42:25,840 --> 00:42:29,400 Speaker 2: were banned, say pre sixteen, when you get to the 876 00:42:29,400 --> 00:42:31,919 Speaker 2: golden age of sixteen, you suddenly cause you can get 877 00:42:31,920 --> 00:42:35,120 Speaker 2: on there and go nuts. The repression never forget is 878 00:42:35,160 --> 00:42:37,880 Speaker 2: a problematic trait and a lot of social activity. So 879 00:42:38,000 --> 00:42:40,239 Speaker 2: we watch, I guess with interest. I don't think it 880 00:42:40,280 --> 00:42:42,560 Speaker 2: will lead to a lot. Personally. It was a has 881 00:42:42,600 --> 00:42:45,600 Speaker 2: a touch of virtue signaling about it all. But theory 882 00:42:45,600 --> 00:42:49,080 Speaker 2: in Australia is now reality. And I tell you this 883 00:42:49,120 --> 00:42:51,520 Speaker 2: for nothing a but a lot of parents wish them 884 00:42:51,560 --> 00:42:55,040 Speaker 2: well pasking. And then you come to YouTube, who yesterday 885 00:42:56,560 --> 00:42:59,279 Speaker 2: called it D day. They said Messenger, WhatsApps, see they're 886 00:42:59,320 --> 00:43:02,840 Speaker 2: not on the list. Discord Roadblocks is not on the list. 887 00:43:03,239 --> 00:43:05,480 Speaker 2: There's still a lot of detail, they were saying yesterday, 888 00:43:05,480 --> 00:43:07,680 Speaker 2: a lot of details surrounding the social media band that's 889 00:43:07,680 --> 00:43:12,160 Speaker 2: hard to pin down. They're disappointed. So they can't have playlists, 890 00:43:12,200 --> 00:43:14,560 Speaker 2: no subscriptions to fault well being tools all set aside. 891 00:43:14,600 --> 00:43:17,480 Speaker 2: But anyway, Rachel Lawd, who covers not just Australia for 892 00:43:17,600 --> 00:43:20,920 Speaker 2: YouTube but also New Zealand, Senior Manager of Public Policy. 893 00:43:21,280 --> 00:43:26,400 Speaker 2: As we've consistently said this rushed regulation misunderstands our platform 894 00:43:26,440 --> 00:43:29,880 Speaker 2: and the way young Australians use it. Most importantly, this 895 00:43:30,000 --> 00:43:32,880 Speaker 2: law will not fulfill its promise to make kids safer 896 00:43:32,920 --> 00:43:36,720 Speaker 2: online and will in fact make Australian kids less safe 897 00:43:37,040 --> 00:43:41,719 Speaker 2: on YouTube. Making it slightly complicated. Is Anaka Wells, who 898 00:43:41,719 --> 00:43:43,480 Speaker 2: I happen to watch yesterday. She was in front of 899 00:43:43,520 --> 00:43:49,160 Speaker 2: the press people giving a lunchtime address and Anaka had 900 00:43:49,239 --> 00:43:51,800 Speaker 2: just been busy spending one hundred thousand dollars of taxpayers 901 00:43:51,840 --> 00:43:55,520 Speaker 2: money flying to New York to sprook her social media policy, 902 00:43:55,560 --> 00:43:58,040 Speaker 2: and so the questions were mainly around Anaka, how come 903 00:43:58,080 --> 00:43:59,719 Speaker 2: you need to spend one hundred thousand dollars for a 904 00:43:59,760 --> 00:44:02,359 Speaker 2: three day trip to New York, which of course took 905 00:44:02,400 --> 00:44:05,920 Speaker 2: everyone's attention away from the main subjects concerned, right terrorism. 906 00:44:06,800 --> 00:44:09,640 Speaker 2: Some of the seventy million dollars to get events into 907 00:44:09,680 --> 00:44:12,479 Speaker 2: the country was released yesterday and we got Lincoln Park 908 00:44:12,560 --> 00:44:15,279 Speaker 2: and we got some dance fest out of Miami. Do 909 00:44:15,440 --> 00:44:18,120 Speaker 2: these things actually work? We'll crunch some numbers for you 910 00:44:18,200 --> 00:44:19,759 Speaker 2: after the news, which. 911 00:44:19,520 --> 00:44:20,200 Speaker 4: Is next. 912 00:44:22,200 --> 00:44:25,920 Speaker 1: Credible compelling. The Breakfast Show You can't bess it's the 913 00:44:26,080 --> 00:44:29,640 Speaker 1: mic Hosking breakfast with Bailey's Real Estate doing real estate 914 00:44:29,680 --> 00:44:33,080 Speaker 1: differently since nineteen seventy three, News togs had been my 915 00:44:33,239 --> 00:44:33,640 Speaker 1: care here on. 916 00:44:33,640 --> 00:44:35,920 Speaker 2: The news that Andrew cost is very sincere and a 917 00:44:35,920 --> 00:44:38,840 Speaker 2: straight shooter. That's the case. He's cleanly, just and competent 918 00:44:38,920 --> 00:44:40,360 Speaker 2: and should never have been appointed. 919 00:44:40,440 --> 00:44:40,560 Speaker 20: Yet. 920 00:44:40,600 --> 00:44:43,040 Speaker 2: I didn't raise that with Brian Roach this morning, but 921 00:44:43,080 --> 00:44:46,200 Speaker 2: that that captain's call thing is probably one of the 922 00:44:46,280 --> 00:44:48,359 Speaker 2: learnings out of all of this, isn't it. Meantime, twenty 923 00:44:48,360 --> 00:44:50,040 Speaker 2: three minutes away from Itte, we're starting to see what 924 00:44:50,080 --> 00:44:53,960 Speaker 2: the seventy million dollar major events funding packaged buys. First 925 00:44:53,960 --> 00:44:55,839 Speaker 2: crunch has been an out. So we're going to get 926 00:44:55,880 --> 00:44:59,120 Speaker 2: Lincoln Park at Auckland six sixty and Symphony open at 927 00:44:59,120 --> 00:45:03,040 Speaker 2: the Christian Stadium. The Ultra Music Festival out of Miami 928 00:45:03,120 --> 00:45:05,480 Speaker 2: comes to Wellington now. Nick Hill is the chief executive 929 00:45:05,560 --> 00:45:08,279 Speaker 2: of Auckland Unlimited and as well. There's Nick morning to you. 930 00:45:09,560 --> 00:45:10,279 Speaker 14: Good morning, Mike. 931 00:45:10,520 --> 00:45:13,080 Speaker 2: Convince me now because I'm sort of on the side 932 00:45:13,080 --> 00:45:16,239 Speaker 2: of getting more people here, and I understand the methodology 933 00:45:16,280 --> 00:45:18,600 Speaker 2: around it in the mathematics, but here's my thing. Because 934 00:45:18,600 --> 00:45:21,040 Speaker 2: they had David Higgins on earlier on this morning the promoter, 935 00:45:21,840 --> 00:45:24,120 Speaker 2: and he was trying to explain I looked at the 936 00:45:24,120 --> 00:45:27,680 Speaker 2: six sixty thing yesterday, right, So six sixty and symphony. 937 00:45:27,760 --> 00:45:30,400 Speaker 2: Now would you sell out christ Church Stadium if you 938 00:45:30,480 --> 00:45:33,120 Speaker 2: put that on? I think yes you would. And you 939 00:45:33,239 --> 00:45:36,440 Speaker 2: don't need the government. Why is the government so important? 940 00:45:38,200 --> 00:45:42,720 Speaker 14: Well, it depends quite often you do need public money. 941 00:45:43,400 --> 00:45:46,359 Speaker 14: I can't talk about the stadium in Christchurch and whether 942 00:45:46,400 --> 00:45:48,719 Speaker 14: that would set up without the government. There's certainly an 943 00:45:48,719 --> 00:45:51,760 Speaker 14: element of risk in it. So you know, someone like David, 944 00:45:51,760 --> 00:45:54,160 Speaker 14: who is a bit of a genius, has taken awful 945 00:45:54,160 --> 00:45:57,480 Speaker 14: lot of risk in his life, and the question is 946 00:45:57,840 --> 00:46:00,799 Speaker 14: if you want things to happen, you underwrite some of 947 00:46:00,800 --> 00:46:03,600 Speaker 14: that risk. And that's where public funding comes in. 948 00:46:04,480 --> 00:46:08,440 Speaker 2: So am I being too free market about this? I mean, 949 00:46:08,520 --> 00:46:10,640 Speaker 2: you know, so David takes a risk, give that's on him. 950 00:46:10,680 --> 00:46:12,719 Speaker 2: That's his business. And when when the risk pays off, 951 00:46:12,719 --> 00:46:14,520 Speaker 2: he makes a lot of money on them. That's business. 952 00:46:14,719 --> 00:46:17,080 Speaker 14: No, No, you can be free market. There's a problem 953 00:46:17,080 --> 00:46:20,480 Speaker 14: of free riders around promoting and bringing big things in 954 00:46:21,320 --> 00:46:23,080 Speaker 14: because there's a lot of benefits that flow to a 955 00:46:23,120 --> 00:46:26,120 Speaker 14: whole lot of people beyond those that will actually necessarily 956 00:46:26,160 --> 00:46:29,120 Speaker 14: pay so how do you how do you get enough 957 00:46:29,160 --> 00:46:32,080 Speaker 14: investment to get the kind of the level of the 958 00:46:32,120 --> 00:46:35,600 Speaker 14: event you want to have the impact that not everybody 959 00:46:35,640 --> 00:46:38,680 Speaker 14: will actually pay to get the benefit of it. It's 960 00:46:38,719 --> 00:46:40,759 Speaker 14: a tricky economic situation. 961 00:46:40,920 --> 00:46:43,600 Speaker 2: It's free riding, okay. So when I look at the 962 00:46:43,680 --> 00:46:47,200 Speaker 2: Ultra Music Festival in Wellington, I mean I mean would 963 00:46:47,280 --> 00:46:49,759 Speaker 2: that have come here anyway? Or we just simply don't know? 964 00:46:52,640 --> 00:46:54,560 Speaker 14: I like gain That's not what I know a lot about. 965 00:46:54,760 --> 00:46:58,160 Speaker 14: But I can talk in the context of Auckland and 966 00:46:58,280 --> 00:47:00,719 Speaker 14: part of what the are do with this, which I 967 00:47:00,719 --> 00:47:03,279 Speaker 14: think is the smart thing, is saying how can you 968 00:47:03,320 --> 00:47:07,359 Speaker 14: actually make existing events bigger and how would you use 969 00:47:07,480 --> 00:47:10,200 Speaker 14: additional funding to do that? So things like the Readers 970 00:47:10,239 --> 00:47:13,920 Speaker 14: and Writer's Festival in Auckland is a fantastic event, but 971 00:47:14,000 --> 00:47:16,320 Speaker 14: can you make it more international? And so the funding 972 00:47:16,360 --> 00:47:18,719 Speaker 14: that's coming in for that is to try and achieve that. 973 00:47:18,719 --> 00:47:20,840 Speaker 14: So how do you get Australians to come to Auckland 974 00:47:20,840 --> 00:47:22,920 Speaker 14: for that? That's our focus on something. 975 00:47:24,239 --> 00:47:26,600 Speaker 2: Could you present to me in a select committee or 976 00:47:26,640 --> 00:47:30,120 Speaker 2: at scrutiny week in Parliament numbers that without shadow of 977 00:47:30,160 --> 00:47:32,560 Speaker 2: it out go right? The government put an X million 978 00:47:33,040 --> 00:47:35,440 Speaker 2: and you as a result of that, got y million 979 00:47:35,560 --> 00:47:40,200 Speaker 2: in and you are materially better off minus the money 980 00:47:40,239 --> 00:47:41,160 Speaker 2: the government paid for. 981 00:47:43,680 --> 00:47:46,399 Speaker 14: I could, but you'd have to be patient, and you'd 982 00:47:46,400 --> 00:47:49,840 Speaker 14: have to prepare to get into some deep economics and 983 00:47:49,880 --> 00:47:53,880 Speaker 14: then always be gray areas. So for example, what is 984 00:47:53,920 --> 00:47:57,520 Speaker 14: it worth for the reputation of Auckland to be in 985 00:47:57,560 --> 00:48:01,399 Speaker 14: someone's mind as a place to visit? So sale GP 986 00:48:02,160 --> 00:48:06,520 Speaker 14: seems incredible images around the world which sale GP use 987 00:48:06,600 --> 00:48:10,000 Speaker 14: actually well beyond our event and that people look at 988 00:48:10,000 --> 00:48:13,120 Speaker 14: that and go awkward, that looks an amazing place. I'm 989 00:48:13,120 --> 00:48:16,680 Speaker 14: into sailing and yachting. That's worth That's worth something, but 990 00:48:16,800 --> 00:48:17,240 Speaker 14: very hard. 991 00:48:17,360 --> 00:48:20,320 Speaker 2: You can quantify it, you can. 992 00:48:20,280 --> 00:48:21,960 Speaker 14: And bounds, but you know, at the end of the 993 00:48:22,040 --> 00:48:24,200 Speaker 14: day people will be skeptical and say, well, it's leaved 994 00:48:24,200 --> 00:48:26,000 Speaker 14: to the market. But it wouldn't happen if you just 995 00:48:26,040 --> 00:48:26,920 Speaker 14: left it to the market. 996 00:48:27,040 --> 00:48:30,680 Speaker 2: How many events do you reckon then become events or 997 00:48:30,800 --> 00:48:33,960 Speaker 2: happen because and they're really not that good, but it 998 00:48:34,000 --> 00:48:37,720 Speaker 2: gets that whole community spirit vibe going because the government 999 00:48:37,760 --> 00:48:39,480 Speaker 2: are involved. In other words, you do stuff because you've 1000 00:48:39,480 --> 00:48:41,080 Speaker 2: got the money. 1001 00:48:41,680 --> 00:48:44,600 Speaker 14: There's always a risk of that, but that happens in 1002 00:48:44,600 --> 00:48:47,560 Speaker 14: the private sector as well, you're always taking risks around 1003 00:48:47,600 --> 00:48:50,480 Speaker 14: things where you can't always be sure, and with public 1004 00:48:50,520 --> 00:48:53,520 Speaker 14: money there's always going to be a degree of sloppiness 1005 00:48:53,560 --> 00:48:58,000 Speaker 14: and bureaucracy that creeps into it. I think it's a 1006 00:48:58,080 --> 00:49:02,280 Speaker 14: question of overall, how does your portfolio of things perform, 1007 00:49:02,480 --> 00:49:06,040 Speaker 14: and you know what's your overall benefit, And we're pretty 1008 00:49:06,080 --> 00:49:08,920 Speaker 14: rigorous in measuring that. Some people use really big numbers 1009 00:49:08,960 --> 00:49:12,120 Speaker 14: around events. We actually use very conservative numbers. We use 1010 00:49:13,400 --> 00:49:17,520 Speaker 14: a highly regarded film call Fresh Info, who use a 1011 00:49:17,600 --> 00:49:20,640 Speaker 14: very quantitative method, and we kind of assume some of 1012 00:49:20,640 --> 00:49:23,520 Speaker 14: the other benefits on top, but don't quantify them. So 1013 00:49:23,640 --> 00:49:25,480 Speaker 14: we try to be as rigorous as we can because 1014 00:49:25,480 --> 00:49:27,239 Speaker 14: we think at the end of the day, we've got 1015 00:49:27,239 --> 00:49:29,319 Speaker 14: to be credible and we've got to have integrity and 1016 00:49:30,120 --> 00:49:34,040 Speaker 14: be consistent. And yeah, I suppose that's as far as 1017 00:49:34,040 --> 00:49:34,279 Speaker 14: I can do. 1018 00:49:35,360 --> 00:49:37,160 Speaker 2: How much? How much are we doing this simply because 1019 00:49:37,200 --> 00:49:39,080 Speaker 2: everyone else does, because that's the standard line they use 1020 00:49:39,120 --> 00:49:40,799 Speaker 2: as well? Are you look at Australia Melbourne does this 1021 00:49:40,840 --> 00:49:42,480 Speaker 2: all the time as though that's a thing. 1022 00:49:43,600 --> 00:49:44,400 Speaker 14: Well, it's true. 1023 00:49:44,560 --> 00:49:46,600 Speaker 2: Well, I know it doesn't make it right. 1024 00:49:48,320 --> 00:49:50,200 Speaker 14: Well, I think if you were to go and look 1025 00:49:50,200 --> 00:49:52,960 Speaker 14: at Melbourne and what Jeff Kennett did sold all those 1026 00:49:53,520 --> 00:49:57,600 Speaker 14: assets and reinvested things like power stations and reinvested into 1027 00:49:58,120 --> 00:50:03,160 Speaker 14: facilities and transport and importantly major events. So major events 1028 00:50:03,160 --> 00:50:05,160 Speaker 14: are just we think of it as how you drive 1029 00:50:05,239 --> 00:50:08,680 Speaker 14: demand and shape demand and the kind of people you 1030 00:50:08,719 --> 00:50:11,440 Speaker 14: want are when you want them where you want them. 1031 00:50:11,800 --> 00:50:14,640 Speaker 14: So you know, if you are running a business, you 1032 00:50:14,680 --> 00:50:16,759 Speaker 14: do have a you do spend money on marketing to 1033 00:50:16,840 --> 00:50:19,880 Speaker 14: drive your top line results, and a lot of this 1034 00:50:19,960 --> 00:50:23,319 Speaker 14: is about doing that for cities. And Doc Wayne Brown 1035 00:50:23,440 --> 00:50:25,480 Speaker 14: is a real skipt because you'd know he's a fiscal 1036 00:50:25,560 --> 00:50:29,400 Speaker 14: conservative and he's been persuaded. His issue is how do 1037 00:50:29,480 --> 00:50:32,239 Speaker 14: you where does the funding come from? And he argues 1038 00:50:32,280 --> 00:50:34,680 Speaker 14: for a bad levy, which is a sound economic argument, 1039 00:50:35,000 --> 00:50:37,000 Speaker 14: which you know I'd completely support. 1040 00:50:37,160 --> 00:50:39,360 Speaker 2: Yeah, that's the weird thing about that. I don't understand 1041 00:50:39,360 --> 00:50:41,399 Speaker 2: why the government doesn't support it, given that I don't 1042 00:50:41,480 --> 00:50:43,920 Speaker 2: understand either. So on one hand they're handing out money, but 1043 00:50:44,000 --> 00:50:45,839 Speaker 2: on the other hand they're not bringing it in an 1044 00:50:45,880 --> 00:50:46,640 Speaker 2: area they could. 1045 00:50:47,360 --> 00:50:47,520 Speaker 9: Well. 1046 00:50:47,520 --> 00:50:49,880 Speaker 14: The other thing is the government. More than ninety percent 1047 00:50:49,880 --> 00:50:52,480 Speaker 14: of public money is raised by the government's bent out 1048 00:50:52,480 --> 00:50:55,560 Speaker 14: of Wellington, well we're interested in is mechanisms at all 1049 00:50:55,560 --> 00:50:58,839 Speaker 14: aid to raise money locally, to invest locally through an 1050 00:50:58,880 --> 00:51:01,719 Speaker 14: industry that helps to grow the industry, and that's what 1051 00:51:01,840 --> 00:51:02,719 Speaker 14: IVY would do. 1052 00:51:03,160 --> 00:51:05,399 Speaker 2: Interesting. Good on you and appreciate it very much, Nick Hill. 1053 00:51:06,080 --> 00:51:11,080 Speaker 2: That was better than I thought, Actually I was. He's excellent. 1054 00:51:11,239 --> 00:51:13,000 Speaker 2: They gave me a very good insight. Because I'm on 1055 00:51:13,040 --> 00:51:16,200 Speaker 2: the fence on this. I fully get that we need events. 1056 00:51:16,239 --> 00:51:19,160 Speaker 2: Events are great and that whole thing about You know, 1057 00:51:19,360 --> 00:51:21,640 Speaker 2: someone in the world looks at Auckland or Wellington or 1058 00:51:21,800 --> 00:51:24,560 Speaker 2: Queens Down and goes wow, I might go there fantastic, 1059 00:51:24,600 --> 00:51:27,480 Speaker 2: fully get it. But I also see just yet another 1060 00:51:27,520 --> 00:51:29,880 Speaker 2: government slash fund here, well, the whole sea, I mean, 1061 00:51:29,880 --> 00:51:31,600 Speaker 2: some of the events they're talking about, iron Man, New 1062 00:51:31,680 --> 00:51:35,239 Speaker 2: Zealand and Taupo. It's already on. It's it's been on 1063 00:51:35,360 --> 00:51:37,880 Speaker 2: for years. The fact that suddenly government money turns up 1064 00:51:37,920 --> 00:51:40,399 Speaker 2: does make any difference unless you argue nix line, which 1065 00:51:40,440 --> 00:51:42,160 Speaker 2: is you make it a better event or a bigger event, 1066 00:51:42,200 --> 00:51:45,600 Speaker 2: Golden she is. It's already on, it's been gone for decades. 1067 00:51:46,080 --> 00:51:48,200 Speaker 2: A Tigo rally in Dunedin as in the motor cars 1068 00:51:48,280 --> 00:51:49,880 Speaker 2: that's been on as well, you see what I'm saying. So, 1069 00:51:50,040 --> 00:51:52,760 Speaker 2: I mean, it's just all these events that have already 1070 00:51:52,800 --> 00:51:57,080 Speaker 2: been on are suddenly on again, but with government money. 1071 00:51:57,120 --> 00:51:58,560 Speaker 2: So what have we gained out of that? 1072 00:51:58,960 --> 00:52:05,520 Speaker 1: Sixting too the Vike asking Breakfast Full Show podcast on iHeartRadio, 1073 00:52:05,800 --> 00:52:06,760 Speaker 1: Power by the News. 1074 00:52:06,600 --> 00:52:07,120 Speaker 9: Talks, it'd be. 1075 00:52:08,880 --> 00:52:11,200 Speaker 2: Mike, so have the promoter, like David Higgins makes shed 1076 00:52:11,200 --> 00:52:12,879 Speaker 2: loads of money out of the event? Does he pay 1077 00:52:12,920 --> 00:52:13,720 Speaker 2: the government's investment? 1078 00:52:13,719 --> 00:52:13,799 Speaker 10: Now? 1079 00:52:13,840 --> 00:52:16,920 Speaker 2: Of course he doesn't. But it's and that's what makes 1080 00:52:16,960 --> 00:52:20,799 Speaker 2: the whole calculation so interesting. Mike, six sixty is the 1081 00:52:20,800 --> 00:52:23,400 Speaker 2: first concert to open our new stadium? Are you kidding? 1082 00:52:24,080 --> 00:52:26,200 Speaker 2: Is that the best we could do after everything we've 1083 00:52:26,239 --> 00:52:29,520 Speaker 2: been through? Second rate lame? Now, that's that's being unfair 1084 00:52:29,520 --> 00:52:34,480 Speaker 2: to six sixty and Synthhony. I'm told that Synthony is 1085 00:52:34,600 --> 00:52:38,239 Speaker 2: like seriously successful and popular and they're looking to take 1086 00:52:38,280 --> 00:52:41,520 Speaker 2: it global if they haven't already. The concept of sitting 1087 00:52:41,560 --> 00:52:43,480 Speaker 2: and this is no disrespect to David Higgins, because I 1088 00:52:43,520 --> 00:52:46,480 Speaker 2: love David, but the concept of sitting in a park 1089 00:52:46,520 --> 00:52:49,560 Speaker 2: watching some people play some musical instruments to the sound 1090 00:52:49,600 --> 00:52:52,880 Speaker 2: of rock and roll is I'd rather shoot myself. But 1091 00:52:53,320 --> 00:52:54,680 Speaker 2: lots of people like it and. 1092 00:52:54,640 --> 00:52:57,200 Speaker 17: You can't hand it a bit disrespectful and did it? 1093 00:52:57,360 --> 00:52:59,480 Speaker 9: No? Well, no, no, I like I mean no. 1094 00:52:59,400 --> 00:53:01,640 Speaker 2: Because I like David because he has ideas that work. 1095 00:53:01,680 --> 00:53:03,920 Speaker 2: I mean, you can't argue this idea doesn't work. It's successful, 1096 00:53:03,920 --> 00:53:05,440 Speaker 2: it's popular. I mean the fact that I don't like it, 1097 00:53:05,440 --> 00:53:08,160 Speaker 2: who cares? But and six sixty is another one. I 1098 00:53:08,160 --> 00:53:11,240 Speaker 2: mean they keep saying that six sixty is this extraordinary 1099 00:53:11,360 --> 00:53:15,080 Speaker 2: global thing and when you look at the crowds, you 1100 00:53:15,160 --> 00:53:19,279 Speaker 2: can't argue with it. But you know, I you know, 1101 00:53:19,480 --> 00:53:21,800 Speaker 2: was what were you wanting? Taylor Swift or Bruce Springsteen? 1102 00:53:21,840 --> 00:53:23,359 Speaker 2: But here's the problem with christ Urcher. You look at 1103 00:53:23,360 --> 00:53:25,319 Speaker 2: the stadium. The problem with the Christchurch Stadium not that 1104 00:53:25,360 --> 00:53:27,440 Speaker 2: there's a huge it's small. It's not a big stadium. 1105 00:53:27,440 --> 00:53:29,879 Speaker 2: It's not sixty thousand and so the big of the event, 1106 00:53:29,920 --> 00:53:31,520 Speaker 2: I mean, how many of those days? I mean, if 1107 00:53:31,560 --> 00:53:33,480 Speaker 2: you get somebody like Taylor Swift, she'd have to have 1108 00:53:33,640 --> 00:53:36,719 Speaker 2: twenty seven concerts to pay the bill to sell it 1109 00:53:36,760 --> 00:53:39,439 Speaker 2: out every night. And can I also suggest that there's 1110 00:53:39,480 --> 00:53:43,080 Speaker 2: such a fressant, a pent up frustration about the Christchurch Stadium? 1111 00:53:43,080 --> 00:53:44,319 Speaker 2: You could have had me there and I would have 1112 00:53:44,320 --> 00:53:47,759 Speaker 2: sold out, because you've got to have said, mystery guest. 1113 00:53:47,840 --> 00:53:49,920 Speaker 2: It would have sold out, wouldn't it. I mean, if 1114 00:53:49,920 --> 00:53:51,439 Speaker 2: you all you have to do is find thirty seven 1115 00:53:51,440 --> 00:53:53,200 Speaker 2: thousand people to pay you a few dollars to go 1116 00:53:53,239 --> 00:53:55,160 Speaker 2: and sell something out, they would have gone. 1117 00:53:55,200 --> 00:53:57,319 Speaker 17: They should have put an I care store next to it. 1118 00:53:57,400 --> 00:54:01,080 Speaker 2: They should have put I was, why did you do that? 1119 00:54:03,920 --> 00:54:05,920 Speaker 17: You were so nearly at boiling point. I thought I'd 1120 00:54:06,000 --> 00:54:07,480 Speaker 17: just see if I could get that kittle blowing. 1121 00:54:09,280 --> 00:54:12,880 Speaker 2: I was going to spend the morning ignoring that, because 1122 00:54:12,920 --> 00:54:15,400 Speaker 2: all the rest of the lap dogs in the media, 1123 00:54:15,719 --> 00:54:17,319 Speaker 2: we're going to see and see what you've done. 1124 00:54:17,320 --> 00:54:20,920 Speaker 17: Now you need medical assistance. 1125 00:54:21,000 --> 00:54:23,520 Speaker 2: Nah, not you horse of the Year got canceled. It's 1126 00:54:23,560 --> 00:54:26,279 Speaker 2: like somebody yesterday, they said. Honestly, somebody said to me, 1127 00:54:26,320 --> 00:54:29,400 Speaker 2: it's like some are getting McDonald's, isn't it isn't. It's 1128 00:54:29,440 --> 00:54:32,920 Speaker 2: just that's how pathetic we become as a nation that 1129 00:54:33,040 --> 00:54:36,120 Speaker 2: when a shop like Ikea opens. I've got nothing against Ikea, 1130 00:54:36,640 --> 00:54:38,800 Speaker 2: and you do realize you've been able to buy Ikea 1131 00:54:38,840 --> 00:54:42,560 Speaker 2: in this country for years. It's so what they're offering 1132 00:54:42,560 --> 00:54:45,200 Speaker 2: today is no different from yesterday. It's been readily available. 1133 00:54:45,239 --> 00:54:46,960 Speaker 2: It just doesn't happen to be in an Ikea shop. 1134 00:54:47,239 --> 00:54:49,120 Speaker 2: But if you look at the media today, it's like 1135 00:54:49,400 --> 00:54:55,320 Speaker 2: it's like they've discovered time or gravity, or food or water, 1136 00:54:55,680 --> 00:55:00,799 Speaker 2: or it's just it's too pathetic. For Glenn, it's tend 1137 00:55:00,800 --> 00:55:01,160 Speaker 2: to waate. 1138 00:55:02,080 --> 00:55:05,120 Speaker 1: The Mike Hosking Breakfast with the Defender and use togs 1139 00:55:05,120 --> 00:55:05,400 Speaker 1: Head be. 1140 00:55:05,760 --> 00:55:08,080 Speaker 2: Horse of the Year. Might got canceled because of the funds. 1141 00:55:08,080 --> 00:55:09,719 Speaker 2: I'm sure they could have used the government money. Yeah, 1142 00:55:09,719 --> 00:55:12,040 Speaker 2: but see that's part of my argument. And do remember 1143 00:55:12,040 --> 00:55:16,279 Speaker 2: I do reiterate I'm not actually against this. I think 1144 00:55:16,320 --> 00:55:19,840 Speaker 2: I'd probably fall in favor of doing it, of supporting 1145 00:55:19,880 --> 00:55:22,720 Speaker 2: events and growing events. I'm just asking the question around 1146 00:55:22,760 --> 00:55:25,360 Speaker 2: rigor of expenditure. But you got to ask, if an 1147 00:55:25,400 --> 00:55:29,439 Speaker 2: event can't last without government money, is the event worth having? 1148 00:55:29,480 --> 00:55:32,000 Speaker 2: And then you get into the whole discussion around the arts. 1149 00:55:32,600 --> 00:55:34,120 Speaker 2: And if you look at half the stuff that's made 1150 00:55:34,480 --> 00:55:39,439 Speaker 2: arts festivals and books and magazines and television programs these days, podcasts, 1151 00:55:39,960 --> 00:55:42,759 Speaker 2: half the stuff that you hear about is funded by 1152 00:55:42,760 --> 00:55:45,520 Speaker 2: the government. So you ask yourself the question, if push 1153 00:55:45,560 --> 00:55:48,080 Speaker 2: came to shove, would the product being made at the 1154 00:55:48,080 --> 00:55:51,480 Speaker 2: moment actually be listened to or watched or read by 1155 00:55:51,600 --> 00:55:53,960 Speaker 2: enough people to make it commercially viable. And the answers no. 1156 00:55:54,239 --> 00:55:56,080 Speaker 2: So therefore you come to the question, Well, is that 1157 00:55:56,200 --> 00:55:59,160 Speaker 2: the government's job to basically employ people who would be 1158 00:55:59,200 --> 00:56:03,120 Speaker 2: otherwise un deployable in a pursuit that they may find fascinating, 1159 00:56:03,560 --> 00:56:04,960 Speaker 2: and yet the rest of the world doesn't. 1160 00:56:05,120 --> 00:56:08,440 Speaker 17: Well, people in charge have always been funded the arts. 1161 00:56:09,400 --> 00:56:11,000 Speaker 2: That's what I'm saying. I'm not saying asthing different. I'm 1162 00:56:11,000 --> 00:56:13,759 Speaker 2: just asking the question as to whether or not that's acceptable. 1163 00:56:14,040 --> 00:56:15,560 Speaker 2: So if you want to support an event, do you 1164 00:56:15,600 --> 00:56:17,520 Speaker 2: support an orchestra, do you support a ban, do you 1165 00:56:17,600 --> 00:56:19,720 Speaker 2: support a comp whatever the case may be. Mike Sobrian 1166 00:56:19,840 --> 00:56:22,239 Speaker 2: is a breath of fresh air. He speaks clearly and 1167 00:56:22,280 --> 00:56:25,759 Speaker 2: sensibly about fairly complicated employment topics. I hope he gets 1168 00:56:25,760 --> 00:56:29,280 Speaker 2: to see through the the optimization of the public service. 1169 00:56:29,280 --> 00:56:31,320 Speaker 2: It's going to be interesting to see how that works. 1170 00:56:31,920 --> 00:56:35,359 Speaker 2: And I hope he goes and balls and all and 1171 00:56:35,400 --> 00:56:37,360 Speaker 2: sort of cleans the place out because they miss the 1172 00:56:37,400 --> 00:56:40,400 Speaker 2: opportunity with the public service. And this is not to 1173 00:56:40,440 --> 00:56:42,160 Speaker 2: be mean to the public service, and people have lost 1174 00:56:42,160 --> 00:56:45,080 Speaker 2: their jobs, so that's always difficult. But the problem is 1175 00:56:45,080 --> 00:56:47,120 Speaker 2: when a government comes along, as in the last one 1176 00:56:47,920 --> 00:56:51,480 Speaker 2: and balloons the public service, inevitably that party's going to 1177 00:56:51,480 --> 00:56:54,080 Speaker 2: come to an end, and when it does, it's ugly. 1178 00:56:54,200 --> 00:56:56,600 Speaker 2: So you might want to ask yourself when taking, you know, 1179 00:56:57,160 --> 00:56:58,960 Speaker 2: taking on a new job, whether or not that this 1180 00:56:59,080 --> 00:57:02,040 Speaker 2: is sustainable for the long term. Mike, thanks for an 1181 00:57:02,120 --> 00:57:04,960 Speaker 2: enjoyable year of listening. I hope you have a delightful break. 1182 00:57:05,080 --> 00:57:09,600 Speaker 2: John Macbeth, isn't that lovely? John Macbeth? You know the name, 1183 00:57:09,800 --> 00:57:13,680 Speaker 2: do you know? I claim it's funny. I was thinking 1184 00:57:13,680 --> 00:57:17,120 Speaker 2: about John the other day. I claim to have invented 1185 00:57:17,160 --> 00:57:19,640 Speaker 2: John macbeth and Keith Quinn and this is going to 1186 00:57:19,640 --> 00:57:22,080 Speaker 2: be in my book. So when I was at Morning 1187 00:57:22,120 --> 00:57:24,720 Speaker 2: Report years ago at Radio New Zealand, there was a 1188 00:57:24,760 --> 00:57:27,480 Speaker 2: test coming up on the Saturday, and I said to 1189 00:57:27,520 --> 00:57:30,760 Speaker 2: them producers, of which they're about three hundred, I said 1190 00:57:30,760 --> 00:57:33,880 Speaker 2: to them through a loud speaker, because this rumor so large, 1191 00:57:33,880 --> 00:57:34,640 Speaker 2: there were so many. 1192 00:57:34,480 --> 00:57:36,880 Speaker 17: Of them, I've assembled you all today exactly, and there's 1193 00:57:36,960 --> 00:57:38,280 Speaker 17: airport hangar exactly. 1194 00:57:38,400 --> 00:57:40,200 Speaker 2: I said to them, I said, let's do something about 1195 00:57:40,200 --> 00:57:42,840 Speaker 2: the rugby tomorrow. On the Friday morning, Friday edition of 1196 00:57:42,840 --> 00:57:45,680 Speaker 2: Morning Report and they went what for. I said, you know, well, 1197 00:57:45,680 --> 00:57:49,000 Speaker 2: we'll talk about the sport and they said why. I said, 1198 00:57:49,040 --> 00:57:50,920 Speaker 2: because it's quite a big deal in New Zealand. The 1199 00:57:50,960 --> 00:57:53,080 Speaker 2: all black people are interested. And they looked at me 1200 00:57:53,240 --> 00:57:55,360 Speaker 2: and they said are they I said yes they are. 1201 00:57:55,600 --> 00:57:57,400 Speaker 2: And they said, who would you recommend that we get? 1202 00:57:57,480 --> 00:57:59,560 Speaker 2: And I said, get some well known people in sport, 1203 00:57:59,600 --> 00:58:01,480 Speaker 2: get some people who know about rugby. Let's get a 1204 00:58:01,480 --> 00:58:03,240 Speaker 2: couple of them on. We'll have a chit chat about 1205 00:58:03,240 --> 00:58:06,400 Speaker 2: some rugby. And they said, well, who would you recommend 1206 00:58:06,400 --> 00:58:08,200 Speaker 2: because we don't know any sportspeople and I said, well, 1207 00:58:08,200 --> 00:58:09,400 Speaker 2: of course you don't. And I said, what about that 1208 00:58:09,480 --> 00:58:12,120 Speaker 2: John McBeth guy, he's funny, and we'll getters makee Keith 1209 00:58:12,160 --> 00:58:15,200 Speaker 2: quinn on And so Quinna macbeth turned up on Morning 1210 00:58:15,240 --> 00:58:18,280 Speaker 2: Report as a combo and they were fantastic talent and 1211 00:58:18,360 --> 00:58:20,960 Speaker 2: everybody it was like the lights went on. It's like 1212 00:58:21,000 --> 00:58:24,439 Speaker 2: in Aqia came to town and they went, oh my god, 1213 00:58:24,480 --> 00:58:26,520 Speaker 2: that was moderately entertaining. Do you think we could do 1214 00:58:26,560 --> 00:58:28,000 Speaker 2: that again? I said, I'll tell you what we'll do. 1215 00:58:28,120 --> 00:58:29,640 Speaker 2: We'll do it ahead of the next test, shall we? 1216 00:58:29,720 --> 00:58:30,920 Speaker 2: And there's three of them, so we can do it 1217 00:58:30,960 --> 00:58:33,800 Speaker 2: three times. And it was like a revolutionized Morning Report 1218 00:58:33,800 --> 00:58:36,880 Speaker 2: that John macbeth and Keith Quinn. Now, John might be 1219 00:58:36,880 --> 00:58:39,720 Speaker 2: listening to that story and going, what a pile of crap. 1220 00:58:39,920 --> 00:58:42,760 Speaker 2: But that's the way I remember it, and that's the 1221 00:58:42,760 --> 00:58:44,920 Speaker 2: way it's going to be in the book unless the 1222 00:58:44,960 --> 00:58:47,480 Speaker 2: lawyers get on to me between now and then News 1223 00:58:47,520 --> 00:58:49,600 Speaker 2: for You in a couple of moments, then a couple 1224 00:58:49,640 --> 00:58:50,800 Speaker 2: of movie stars for. 1225 00:58:50,800 --> 00:58:55,400 Speaker 1: You asking the questions others won't the mic asking, Breakfast 1226 00:58:55,480 --> 00:58:59,720 Speaker 1: with Veda, Retirement, Communities, Life your Way, News, Togs, dead Be, 1227 00:59:05,480 --> 00:59:05,800 Speaker 1: There was. 1228 00:59:05,840 --> 00:59:15,400 Speaker 2: Radio sitting last night. There's Hugh Jackman, Kate Hudson new 1229 00:59:15,440 --> 00:59:18,120 Speaker 2: movie for Neil Diamon fans. Obviously. They star as Mike 1230 00:59:18,160 --> 00:59:21,200 Speaker 2: and Claire Sedina who are Lightning and Thunder, a group 1231 00:59:21,320 --> 00:59:24,160 Speaker 2: Lightning and Thunder. It's a duo Neil Diamond tribute act. 1232 00:59:24,760 --> 00:59:27,000 Speaker 2: Get some attention in Milwaukee now. The movie itself is 1233 00:59:27,040 --> 00:59:29,200 Speaker 2: based on the documentary of the couple. It was called 1234 00:59:29,200 --> 00:59:31,160 Speaker 2: Song Sung Glue that came out in two thousand and eight. 1235 00:59:31,400 --> 00:59:34,080 Speaker 2: It's a story of hope amidst a tragic love story 1236 00:59:34,160 --> 00:59:37,320 Speaker 2: generating Oscar BUZ and d four Hudson herself and her role. Anyway, 1237 00:59:37,400 --> 00:59:40,240 Speaker 2: Hugh Jackman, Kate Hudson are with us. Good morning, good 1238 00:59:40,240 --> 00:59:41,200 Speaker 2: morning morning. 1239 00:59:41,280 --> 00:59:41,720 Speaker 8: Mate. 1240 00:59:41,840 --> 00:59:44,280 Speaker 2: Now correct me if I'm wrong, Kate. You two didn't 1241 00:59:44,280 --> 00:59:46,040 Speaker 2: know each other before this project. 1242 00:59:46,000 --> 00:59:49,200 Speaker 20: Not really. We had met a couple of times, but 1243 00:59:49,320 --> 00:59:51,800 Speaker 20: we had we didn't really know each other now. 1244 00:59:52,320 --> 00:59:54,560 Speaker 2: So having said that, what's the creative risk you reckon 1245 00:59:54,760 --> 00:59:57,720 Speaker 2: of putting two people together in these roles that you 1246 00:59:57,720 --> 01:00:00,200 Speaker 2: two have if you don't know each other reading. 1247 01:00:00,120 --> 01:00:03,360 Speaker 20: Will I will let you answer this because I said 1248 01:00:03,360 --> 01:00:03,880 Speaker 20: it to Hugh. 1249 01:00:05,240 --> 01:00:05,640 Speaker 9: Yeah. 1250 01:00:05,800 --> 01:00:08,280 Speaker 13: On day one, Kate said to me, you know, if 1251 01:00:08,320 --> 01:00:09,880 Speaker 13: we don't work, this movie doesn't work. 1252 01:00:10,720 --> 01:00:13,040 Speaker 1: And she was right. 1253 01:00:13,160 --> 01:00:16,280 Speaker 13: But I had a lot of confidence because it was 1254 01:00:17,120 --> 01:00:19,560 Speaker 13: it was Michelle, my friend, who said, are you watching 1255 01:00:19,560 --> 01:00:23,160 Speaker 13: CBS Sunday And I said, Kate Hudson has done an 1256 01:00:23,160 --> 01:00:26,520 Speaker 13: album and there's a great story about her and she 1257 01:00:26,560 --> 01:00:27,400 Speaker 13: should play Claire. 1258 01:00:27,440 --> 01:00:28,360 Speaker 11: And I turned on. 1259 01:00:28,440 --> 01:00:29,720 Speaker 13: It was like as soon as she said, I was 1260 01:00:29,720 --> 01:00:31,560 Speaker 13: like yeah. And then I turned it on and I 1261 01:00:31,600 --> 01:00:34,400 Speaker 13: watched it. I'm like I could just see it and 1262 01:00:34,440 --> 01:00:36,480 Speaker 13: I'd met, we'd actually met, We've done like a reading 1263 01:00:36,520 --> 01:00:38,439 Speaker 13: of something, so we'd met a little bit along the way, 1264 01:00:38,480 --> 01:00:41,560 Speaker 13: but I had a sense. So I had a strong 1265 01:00:41,720 --> 01:00:43,200 Speaker 13: sense that it was going to be great, but I 1266 01:00:43,240 --> 01:00:44,880 Speaker 13: didn't know it was going to be this great or 1267 01:00:44,920 --> 01:00:46,840 Speaker 13: this easy, Mike, if I'm honest. 1268 01:00:46,720 --> 01:00:49,160 Speaker 2: So Kate, when it clicked for you, I mean basically, 1269 01:00:49,440 --> 01:00:50,920 Speaker 2: how did you know? Was it instant? 1270 01:00:51,280 --> 01:00:53,560 Speaker 20: I mean yes, But I have to say I mean, 1271 01:00:53,720 --> 01:00:55,920 Speaker 20: I don't mean to I don't want this to sound reductive, 1272 01:00:55,920 --> 01:00:58,720 Speaker 20: because it wasn't. But when we kissed, I have to 1273 01:00:58,760 --> 01:01:04,200 Speaker 20: say we it was It's like we've we've been kissing 1274 01:01:04,600 --> 01:01:09,920 Speaker 20: each other for years. It was the easiest kiss and 1275 01:01:10,040 --> 01:01:13,640 Speaker 20: kissing the whole it was like it was like he 1276 01:01:13,800 --> 01:01:16,880 Speaker 20: was my husband. But I think part of that started 1277 01:01:16,920 --> 01:01:19,480 Speaker 20: when we, you know, started to get to know each other. 1278 01:01:19,680 --> 01:01:22,160 Speaker 20: My thing with him, which was really important to me. 1279 01:01:22,200 --> 01:01:25,120 Speaker 20: It's like, you know, we have to I also wanted Hugh. 1280 01:01:25,360 --> 01:01:27,919 Speaker 20: I didn't know Hugh, so I was like, I'm very 1281 01:01:27,960 --> 01:01:30,720 Speaker 20: tactile and I want to get to know you and 1282 01:01:31,640 --> 01:01:34,479 Speaker 20: if I ever weared you out, you know, just let 1283 01:01:34,520 --> 01:01:38,000 Speaker 20: me know. Found out very that we're very similar, connective 1284 01:01:38,040 --> 01:01:41,400 Speaker 20: people and very open. We found each other really really 1285 01:01:41,800 --> 01:01:47,880 Speaker 20: like transitional time in our lives. Spiritually, and I think 1286 01:01:47,920 --> 01:01:50,280 Speaker 20: it just opened us up to each other. And it 1287 01:01:50,360 --> 01:01:53,760 Speaker 20: was like, I know this sounds silly a little bit, 1288 01:01:53,800 --> 01:01:56,160 Speaker 20: but it's like the universe just sort of put us 1289 01:01:56,440 --> 01:01:59,560 Speaker 20: exactly where we were supposed to be, and we felt 1290 01:01:59,560 --> 01:02:00,920 Speaker 20: that immediately. 1291 01:02:02,000 --> 01:02:04,560 Speaker 13: We said, although I might just remind you of that, 1292 01:02:05,120 --> 01:02:07,040 Speaker 13: we were doing a scene and start to snow. It 1293 01:02:07,080 --> 01:02:11,479 Speaker 13: was freezing and it wasn't snowing on the white shot 1294 01:02:11,600 --> 01:02:13,400 Speaker 13: or on my close up, and then it start to snow, 1295 01:02:13,520 --> 01:02:15,520 Speaker 13: so we went, we filmed it so beautiful, and we 1296 01:02:15,560 --> 01:02:17,680 Speaker 13: went back and shot my side. So we're out in 1297 01:02:17,680 --> 01:02:20,200 Speaker 13: the cold quite a long time, and you know when 1298 01:02:20,200 --> 01:02:22,120 Speaker 13: you get cold and your nose starts to run. So 1299 01:02:22,200 --> 01:02:25,640 Speaker 13: I just remember after one of the kisses, this was 1300 01:02:25,720 --> 01:02:30,000 Speaker 13: Kate's face, all right, was my nose running and go. 1301 01:02:33,320 --> 01:02:34,640 Speaker 13: And we had three more takes. 1302 01:02:34,800 --> 01:02:37,240 Speaker 20: You like, you'll never look at me to say them again, 1303 01:02:37,360 --> 01:02:38,360 Speaker 20: and I went, you're. 1304 01:02:38,240 --> 01:02:42,040 Speaker 13: Right when you're going here for a kiss and it's 1305 01:02:42,160 --> 01:02:46,120 Speaker 13: on camera, but the woman's doing this doesn't do a 1306 01:02:46,160 --> 01:02:48,040 Speaker 13: lot of your confidence, mikeh. 1307 01:02:47,760 --> 01:02:51,160 Speaker 2: Somebody I read a review suggested this could well be 1308 01:02:51,280 --> 01:02:54,040 Speaker 2: your most ambitious role. Yet do you see it that way? 1309 01:02:54,920 --> 01:02:57,000 Speaker 13: In many ways, I do I think it combines a 1310 01:02:57,000 --> 01:02:59,000 Speaker 13: lot of different things that I do, but in many 1311 01:02:59,000 --> 01:03:01,720 Speaker 13: ways it was asking things of me that I hadn't 1312 01:03:01,720 --> 01:03:05,720 Speaker 13: done before, and so it was suited to me. I 1313 01:03:06,480 --> 01:03:09,520 Speaker 13: don't know about UK, if you feel the same. I always 1314 01:03:09,520 --> 01:03:11,160 Speaker 13: want to feel a little bit of I don't know 1315 01:03:11,200 --> 01:03:14,280 Speaker 13: if I can pull this off. Like it's not like 1316 01:03:14,320 --> 01:03:16,480 Speaker 13: I want something like I go, ah, I know exactly 1317 01:03:16,560 --> 01:03:19,400 Speaker 13: how to do this. I want to dive into unknown 1318 01:03:19,440 --> 01:03:21,960 Speaker 13: waters a little bit. And I think what's different about 1319 01:03:22,000 --> 01:03:25,280 Speaker 13: me now is I'm more comfortable with not knowing how 1320 01:03:25,320 --> 01:03:28,520 Speaker 13: it's going to turn out each scene, each day with 1321 01:03:28,600 --> 01:03:31,840 Speaker 13: the movie and going on with that ride. And then 1322 01:03:32,440 --> 01:03:35,440 Speaker 13: that's for me. Back to your question, when did I know? 1323 01:03:35,640 --> 01:03:39,200 Speaker 13: It was when I could communicate being vulnerable, I'm not 1324 01:03:39,240 --> 01:03:41,000 Speaker 13: sure if I don't know how to do this, and 1325 01:03:41,040 --> 01:03:44,400 Speaker 13: I could say it with my acting partner, with my 1326 01:03:44,960 --> 01:03:48,160 Speaker 13: on you know, it was my colleague, and I could 1327 01:03:48,200 --> 01:03:50,760 Speaker 13: just say the thing that I would normally have kept 1328 01:03:50,800 --> 01:03:51,680 Speaker 13: to myself. 1329 01:03:51,360 --> 01:03:54,880 Speaker 2: And ambitious for you two, Kate, oh, always. 1330 01:03:54,600 --> 01:03:56,520 Speaker 20: I mean it's like it's like saying It's like saying 1331 01:03:56,560 --> 01:03:58,600 Speaker 20: to a ballplayer, like do you want to play in 1332 01:03:58,600 --> 01:04:01,160 Speaker 20: the major leagues or not? You know, know, you dedicate 1333 01:04:01,160 --> 01:04:03,960 Speaker 20: your whole life to something, what are the things and 1334 01:04:04,320 --> 01:04:05,800 Speaker 20: who do you want to be playing with? And what 1335 01:04:05,800 --> 01:04:08,520 Speaker 20: are the things you you know, it's like, no, I want, 1336 01:04:09,200 --> 01:04:12,640 Speaker 20: I want the nineties, I want the ninety six mile power, 1337 01:04:13,400 --> 01:04:18,360 Speaker 20: you know, fastball. It's scary, but I want, I want, 1338 01:04:18,560 --> 01:04:21,320 Speaker 20: I want in it. And uh and I think that's 1339 01:04:21,360 --> 01:04:24,160 Speaker 20: what always it gets exciting about these things. And for me, 1340 01:04:24,200 --> 01:04:28,400 Speaker 20: I those opportunities don't come often, and and and and 1341 01:04:28,400 --> 01:04:30,240 Speaker 20: and to be honest, they don't make movies like this 1342 01:04:30,480 --> 01:04:36,880 Speaker 20: very often. So I'm so grateful and and and work. 1343 01:04:37,080 --> 01:04:41,880 Speaker 20: I love hard work, and I like work that gives 1344 01:04:41,920 --> 01:04:45,960 Speaker 20: me a little of the you know, the uh, the 1345 01:04:46,160 --> 01:04:51,280 Speaker 20: the you know, the butterflies, and and and then my 1346 01:04:51,480 --> 01:04:54,520 Speaker 20: and then you know, and and then also it's like 1347 01:04:56,320 --> 01:04:58,680 Speaker 20: then when you're in it and you're you're sort of 1348 01:04:58,920 --> 01:05:03,040 Speaker 20: you know, leaning in, you're just the commitment to it 1349 01:05:03,120 --> 01:05:05,160 Speaker 20: and sort of like having to let go and being 1350 01:05:05,240 --> 01:05:11,080 Speaker 20: uninhibited is a very liberating feeling. And so yeah, yeah, 1351 01:05:11,120 --> 01:05:15,560 Speaker 20: definitely enjoy the ambition and the fears and you know, 1352 01:05:15,600 --> 01:05:16,520 Speaker 20: the butterflies and all that. 1353 01:05:16,600 --> 01:05:18,840 Speaker 2: Okay, listen, hold on the Kate Hudson, Hugh Jackman more 1354 01:05:18,840 --> 01:05:20,800 Speaker 2: in a Moment thirteen Past the. 1355 01:05:20,880 --> 01:05:25,400 Speaker 1: Mic Asking Breakfast Full Show podcast on iHeartRadio powered by 1356 01:05:25,480 --> 01:05:26,000 Speaker 1: News Talks. 1357 01:05:26,040 --> 01:05:30,120 Speaker 2: It be News Talks sixteen Past as Hugh Jackman Kate 1358 01:05:30,160 --> 01:05:32,560 Speaker 2: Hudson with the song sung Blue as the movie Hugh, 1359 01:05:32,600 --> 01:05:34,840 Speaker 2: the line about the movies before the break was interesting. 1360 01:05:34,920 --> 01:05:37,720 Speaker 2: So so I look at you, mister Wolverine, you know, 1361 01:05:38,520 --> 01:05:40,919 Speaker 2: and I think to myself, that's modern movie making, isn't 1362 01:05:40,960 --> 01:05:43,200 Speaker 2: it that sort of big picture, big budget whatever. But 1363 01:05:43,520 --> 01:05:47,680 Speaker 2: what you've done here, I guess, is almost like movies 1364 01:05:47,720 --> 01:05:48,840 Speaker 2: of the olden days. 1365 01:05:49,080 --> 01:05:52,160 Speaker 13: Yeah, you know, it does feel like that. And both 1366 01:05:52,240 --> 01:05:54,120 Speaker 13: Kate and I have been a screening with some people 1367 01:05:54,200 --> 01:05:58,240 Speaker 13: I don't name them without their permission, but people big 1368 01:05:58,280 --> 01:06:01,200 Speaker 13: wigs in our business, and they're like, these were the movie, 1369 01:06:01,200 --> 01:06:03,120 Speaker 13: this is the movies we need, These are the movies 1370 01:06:03,160 --> 01:06:05,240 Speaker 13: we used to make all the time. This is this 1371 01:06:05,480 --> 01:06:08,120 Speaker 13: And it does have that feeling, and it's funny. There 1372 01:06:08,160 --> 01:06:10,640 Speaker 13: is a line in the movie about nostalgia. There is 1373 01:06:10,680 --> 01:06:14,520 Speaker 13: something nostalgic about it. It's an everyday couple, it's about 1374 01:06:14,800 --> 01:06:18,040 Speaker 13: some battler's you know, and seems like an ordinary story, 1375 01:06:18,040 --> 01:06:22,400 Speaker 13: but it's actually so extraordinary within that, and I have 1376 01:06:22,480 --> 01:06:25,640 Speaker 13: to tell you, like everybody turned the movie down thirteen 1377 01:06:26,040 --> 01:06:30,320 Speaker 13: thirteen knows straight off, no way, Yeah, thirteen out of thirteen. Actually, 1378 01:06:30,360 --> 01:06:34,680 Speaker 13: our producer, John Davis has done one hundred and seventeen movies. 1379 01:06:34,720 --> 01:06:36,800 Speaker 13: This is his number one one seven And he called 1380 01:06:36,800 --> 01:06:39,160 Speaker 13: in a favor. He just rang Peter Cramer from Universe 1381 01:06:39,200 --> 01:06:41,840 Speaker 13: and said, you need to do me. Foguz, what is it, Johnny, 1382 01:06:41,840 --> 01:06:43,320 Speaker 13: guess you're going to make this movie? And he goes, 1383 01:06:43,360 --> 01:06:45,160 Speaker 13: haven't read it, guess just say yes, and he goes, okay, 1384 01:06:45,640 --> 01:06:46,320 Speaker 13: And that's how. 1385 01:06:46,200 --> 01:06:47,040 Speaker 9: The movie made. 1386 01:06:47,480 --> 01:06:49,920 Speaker 2: Unreal Kate, Kate, does it fit to seduce? I mean, 1387 01:06:49,920 --> 01:06:52,040 Speaker 2: if you look at so this the movie is the 1388 01:06:52,040 --> 01:06:55,040 Speaker 2: movie of the documentary. The documentary is of real life. 1389 01:06:55,280 --> 01:06:57,800 Speaker 2: If you had just simply written the plot with the 1390 01:06:57,840 --> 01:07:01,000 Speaker 2: details on a piece of paper, there's no way you 1391 01:07:01,040 --> 01:07:02,600 Speaker 2: could have gone to pass the studios there. 1392 01:07:02,720 --> 01:07:04,760 Speaker 20: Yeah, you can't write it, Like what are you doing? 1393 01:07:04,840 --> 01:07:07,080 Speaker 20: Let's said, this can't be real, Like you know you 1394 01:07:07,200 --> 01:07:14,040 Speaker 20: gotta let's let's let's edit. Yeah, and and then and 1395 01:07:14,040 --> 01:07:17,320 Speaker 20: and boy is it real every every step of the way. 1396 01:07:17,360 --> 01:07:26,120 Speaker 20: I mean, what a wild, fascinating, crazy life. Mike and 1397 01:07:26,160 --> 01:07:31,200 Speaker 20: Claire lived and even the whole the line. You know, 1398 01:07:31,440 --> 01:07:36,840 Speaker 20: lightning can strike twice, you know, it's that the fact 1399 01:07:36,880 --> 01:07:39,800 Speaker 20: that they lived through all of that is just pretty 1400 01:07:39,960 --> 01:07:44,040 Speaker 20: remarkable and makes for a great story. 1401 01:07:43,880 --> 01:07:44,120 Speaker 4: You know. 1402 01:07:44,400 --> 01:07:49,200 Speaker 20: And and I think that Craig honored that them so 1403 01:07:49,760 --> 01:07:54,479 Speaker 20: wonderfully by by walking such a great line of never 1404 01:07:54,600 --> 01:08:00,160 Speaker 20: getting too far down that you can't get out. And 1405 01:08:00,200 --> 01:08:03,120 Speaker 20: there's just he walks this sort of like line of 1406 01:08:03,160 --> 01:08:06,960 Speaker 20: inspiration throughout the whole movie. And I think, you know, 1407 01:08:07,400 --> 01:08:09,560 Speaker 20: the one, the one thing. And I know he's watching, 1408 01:08:09,640 --> 01:08:12,400 Speaker 20: but like if Mike could see this movie, I mean 1409 01:08:13,840 --> 01:08:17,720 Speaker 20: it would just I feel like I can see his 1410 01:08:17,880 --> 01:08:18,639 Speaker 20: face watching. 1411 01:08:18,680 --> 01:08:20,760 Speaker 17: Its not any bad. 1412 01:08:20,920 --> 01:08:24,000 Speaker 13: I have a weed feeling. This is my feeling that 1413 01:08:24,080 --> 01:08:27,080 Speaker 13: Mike the reason the movie is happening. He's Mike. Yeah, 1414 01:08:27,520 --> 01:08:32,120 Speaker 13: like that determination, Like they never say no. I don't 1415 01:08:32,160 --> 01:08:34,400 Speaker 13: care if they any studios have turned it down. This 1416 01:08:34,479 --> 01:08:38,240 Speaker 13: movie's happening, and it's happened. It's sort of his. 1417 01:08:38,240 --> 01:08:41,840 Speaker 20: Dedication, his dedication to his music, his art, to Neil, 1418 01:08:41,960 --> 01:08:46,960 Speaker 20: to Claire, to the kids, taking taking on those kids. 1419 01:08:47,560 --> 01:08:53,400 Speaker 20: You know, it's like he's so he he was so dedicated. 1420 01:08:53,439 --> 01:08:55,920 Speaker 20: So yeah, that's the I agree with you It's like 1421 01:08:56,760 --> 01:09:00,360 Speaker 20: this idea that he is the reason why there's movie 1422 01:09:00,400 --> 01:09:02,599 Speaker 20: happened would make a lot of sense. 1423 01:09:03,160 --> 01:09:06,160 Speaker 13: I just remember, I just remembered, Mike. I haven't shown 1424 01:09:06,160 --> 01:09:10,439 Speaker 13: anyone this, but Claire Claire said. Claire gave me this 1425 01:09:10,560 --> 01:09:14,559 Speaker 13: on the last dating and that's my actual hat from 1426 01:09:14,560 --> 01:09:16,160 Speaker 13: when he went to see Neil Diamond. 1427 01:09:17,240 --> 01:09:20,280 Speaker 2: That's incredible. Well, I'll tell you what. From what I'm reading, 1428 01:09:20,280 --> 01:09:22,599 Speaker 2: we've got some Oscar buzz about this as well. So 1429 01:09:22,600 --> 01:09:25,040 Speaker 2: so thank you too for joining us. Good to catch 1430 01:09:25,120 --> 01:09:27,839 Speaker 2: up and good luck with it all. Thanks mine, mate, 1431 01:09:27,920 --> 01:09:30,880 Speaker 2: Kate Hudson, Hugh Jackman. That was as you probably heard 1432 01:09:31,240 --> 01:09:33,360 Speaker 2: on zoom. So we'll whack that up on the old 1433 01:09:34,200 --> 01:09:36,200 Speaker 2: Where do we wak that up on the ZIBBI, on 1434 01:09:36,240 --> 01:09:39,799 Speaker 2: the on the Facebook, on the website, on the social 1435 01:09:39,840 --> 01:09:42,120 Speaker 2: media stuff that's out there, that'll be bad if you're 1436 01:09:42,160 --> 01:09:49,400 Speaker 2: under sixteen, don't watch it. Oh that's Australia eight twenty one. 1437 01:09:48,680 --> 01:09:52,639 Speaker 1: The Mike Husking Breakfast with Bailey's Real Estate News Talk zibby. 1438 01:09:53,760 --> 01:09:55,960 Speaker 2: Now, did you know approximately one hundred and eighty thousand 1439 01:09:56,000 --> 01:09:59,240 Speaker 2: New Zealanders living with some form of heart issue? So 1440 01:09:59,280 --> 01:10:01,439 Speaker 2: looking after the old heart and in the the overall 1441 01:10:01,479 --> 01:10:04,040 Speaker 2: cardiovascular health never been more important, which is why About 1442 01:10:04,040 --> 01:10:06,840 Speaker 2: Health have created what they're calling the Healthy Aging Pack. 1443 01:10:07,320 --> 01:10:09,400 Speaker 2: So that's designed to support the heart, the energy and 1444 01:10:09,400 --> 01:10:12,360 Speaker 2: the overall well being. Now what does it include? Two renowned, 1445 01:10:12,400 --> 01:10:15,040 Speaker 2: independently lab tested supplements, the best of the best Listers 1446 01:10:15,080 --> 01:10:18,559 Speaker 2: Oil and the fabulous res Vie Ultimate. And they contain 1447 01:10:18,600 --> 01:10:20,400 Speaker 2: the high strength fish oil got the co Q ten, 1448 01:10:20,439 --> 01:10:24,720 Speaker 2: the vitamins, the antioxidants that helps maintain health, healthy cholesterol, 1449 01:10:24,720 --> 01:10:27,200 Speaker 2: the blood pressure and much more. So you're taking a 1450 01:10:27,240 --> 01:10:30,360 Speaker 2: step toward better health basically with a Healthy Aging Pack 1451 01:10:30,439 --> 01:10:33,240 Speaker 2: from About Health eight hundred Triple nine three are nine. 1452 01:10:33,240 --> 01:10:35,320 Speaker 2: Note the phone number down if you want to do 1453 01:10:35,360 --> 01:10:37,600 Speaker 2: it online About health dot co dot Nz. Read the 1454 01:10:37,640 --> 01:10:40,720 Speaker 2: label use only as directed, of course, but you also 1455 01:10:40,760 --> 01:10:43,040 Speaker 2: want to use the code breakfast. And if you use 1456 01:10:43,080 --> 01:10:46,320 Speaker 2: that code breakfast, you will receive a free one month 1457 01:10:46,439 --> 01:10:50,040 Speaker 2: supply of the fabulous Element twelve magnesium free of charge. 1458 01:10:50,080 --> 01:10:51,840 Speaker 2: So you get lesster So Oil, you get the resbe Ultimate, 1459 01:10:51,880 --> 01:10:54,200 Speaker 2: you get the element twelve magnesium, all from About Health 1460 01:10:54,520 --> 01:10:57,479 Speaker 2: using the code breakfast, of course online at about health 1461 01:10:57,479 --> 01:10:59,519 Speaker 2: dot co dot Nz on the phone at eight hundred 1462 01:10:59,560 --> 01:11:03,840 Speaker 2: triple nine three h nine asking this is good, Mike. 1463 01:11:04,000 --> 01:11:06,200 Speaker 2: Your interviews are always informative and good, but I think 1464 01:11:06,200 --> 01:11:08,280 Speaker 2: the Hudson Jackman won is the best ever. Thank you 1465 01:11:08,360 --> 01:11:11,200 Speaker 2: very much, Lindsey closely followed by slowly losing the will 1466 01:11:11,240 --> 01:11:15,000 Speaker 2: to live during this interview. Mat It's probably with a 1467 01:11:15,040 --> 01:11:16,720 Speaker 2: large audience. Someone loves it, someone hates it. 1468 01:11:16,760 --> 01:11:16,920 Speaker 13: Mike. 1469 01:11:16,960 --> 01:11:19,240 Speaker 2: I was privileged to see Song Sung Blue yesterday as 1470 01:11:19,280 --> 01:11:22,080 Speaker 2: part of a special screening. It's a stunning film. It's 1471 01:11:22,160 --> 01:11:26,960 Speaker 2: like going to a Neil Diamond concert with Twist and Sam. 1472 01:11:27,040 --> 01:11:28,880 Speaker 2: You're in C tune. So you saw it, Kerry here, 1473 01:11:30,040 --> 01:11:32,320 Speaker 2: there's nine to noon. Kerry, she saw it yesterday. She cried. 1474 01:11:32,360 --> 01:11:33,200 Speaker 2: She said she. 1475 01:11:33,160 --> 01:11:34,880 Speaker 17: Seems to emotionally worked out today. 1476 01:11:35,000 --> 01:11:37,599 Speaker 2: I think she's emotionally generally said. She made the mistake 1477 01:11:37,600 --> 01:11:39,559 Speaker 2: of saying I cried, but everyone cried. I don't think 1478 01:11:39,560 --> 01:11:41,360 Speaker 2: everyone cried. I think she's the only crist She's just 1479 01:11:41,360 --> 01:11:41,919 Speaker 2: to cry. 1480 01:11:42,600 --> 01:11:44,320 Speaker 17: It is hard to see with tears in your eyes. 1481 01:11:44,360 --> 01:11:49,320 Speaker 2: There's nothing wrong with being a crier. I'm just saying that. Yeah, Mike, 1482 01:11:49,439 --> 01:11:53,599 Speaker 2: high again, very cool story. It's just before eight o'clock. 1483 01:11:54,120 --> 01:11:56,640 Speaker 2: My version is that Quinn McBeth first joined you on 1484 01:11:56,640 --> 01:12:01,040 Speaker 2: TV and said Breakfast correct On was not correct, John, 1485 01:12:01,080 --> 01:12:02,479 Speaker 2: I'm afraid you can read it all about it in 1486 01:12:02,520 --> 01:12:07,280 Speaker 2: my book. It's over. That's libelous. You can't put stuff 1487 01:12:07,280 --> 01:12:11,120 Speaker 2: in a book, John, it's not true. In fact, I'm 1488 01:12:11,120 --> 01:12:14,479 Speaker 2: going to put it in my book in different stories books. 1489 01:12:14,800 --> 01:12:17,599 Speaker 17: If it's in the fiction section rather than the nonfiction section. 1490 01:12:17,720 --> 01:12:18,479 Speaker 17: Are you allowed to do it? 1491 01:12:18,479 --> 01:12:18,599 Speaker 11: Then? 1492 01:12:18,640 --> 01:12:20,479 Speaker 2: I reckon? I reckon. My book's going to be fiction, 1493 01:12:20,640 --> 01:12:22,080 Speaker 2: and you're just going it's like the show. A lot 1494 01:12:22,080 --> 01:12:23,400 Speaker 2: of this stuff's made up. I don't know if you 1495 01:12:23,439 --> 01:12:24,760 Speaker 2: realize it, but a lot of the stuff on the 1496 01:12:24,760 --> 01:12:27,400 Speaker 2: show's made up. And the trick for you is to 1497 01:12:27,439 --> 01:12:29,040 Speaker 2: work out how much of what I've just seen is 1498 01:12:29,080 --> 01:12:31,840 Speaker 2: real and how much of it's not real? 1499 01:12:32,479 --> 01:12:35,200 Speaker 17: Is it inspired by true events? Perhaps exactly? 1500 01:12:35,320 --> 01:12:35,519 Speaker 4: Yeah? 1501 01:12:35,640 --> 01:12:37,479 Speaker 2: Is there a little bit of poetic license? And pretty 1502 01:12:37,560 --> 01:12:39,439 Speaker 2: much everything I do. I started with the time when 1503 01:12:39,439 --> 01:12:41,080 Speaker 2: I started telling the time wrong and you were going, 1504 01:12:41,120 --> 01:12:42,920 Speaker 2: hold on, is that right? Time? You just never know. 1505 01:12:43,760 --> 01:12:46,320 Speaker 2: The OBR thing in Britain continues this to the fallout 1506 01:12:46,320 --> 01:12:50,080 Speaker 2: from the budget, the Office of Budget Responsibility, the fall guy, 1507 01:12:50,160 --> 01:12:52,400 Speaker 2: in other words, for Rachel Reeves, who needed to escape 1508 01:12:52,400 --> 01:12:54,719 Speaker 2: goat as quickly as she possibly could, so he fell 1509 01:12:54,760 --> 01:12:57,800 Speaker 2: on his swords and the latest is Faragees told as 1510 01:12:57,840 --> 01:13:01,679 Speaker 2: people that a well he's calling it a reverse takeover, 1511 01:13:01,760 --> 01:13:03,920 Speaker 2: but he's saying a deal is going to be done 1512 01:13:03,920 --> 01:13:07,880 Speaker 2: before the next election between Reform and the Tories, which 1513 01:13:07,920 --> 01:13:10,880 Speaker 2: would make them quite the force I would imagine, So 1514 01:13:11,240 --> 01:13:22,080 Speaker 2: Rod little out of Britain next. 1515 01:13:23,840 --> 01:13:29,240 Speaker 1: Opinionated, informed, unapologetic, the Mic Hosking Breakfast with the Defender 1516 01:13:29,479 --> 01:13:31,880 Speaker 1: embraced the impossible news talks that'd be. 1517 01:13:32,080 --> 01:13:34,320 Speaker 2: Do you forgive me because I'm just literally reading this 1518 01:13:34,479 --> 01:13:36,200 Speaker 2: on the fly, It's just been handed to me. It's 1519 01:13:36,200 --> 01:13:40,679 Speaker 2: a Fonterra update for Q one to total group profit 1520 01:13:40,720 --> 01:13:42,519 Speaker 2: after text two to seventy eight million, which is up 1521 01:13:42,560 --> 01:13:47,240 Speaker 2: fifteen million. Continuing operations profit after text one fifty eight million, 1522 01:13:47,240 --> 01:13:51,519 Speaker 2: which is down ten. Forecast earnings for continued operation forty 1523 01:13:51,520 --> 01:13:55,400 Speaker 2: five to sixty five. That's the dividend that the shareholders slash. 1524 01:13:55,400 --> 01:13:59,360 Speaker 2: Farmers get milk price nine to ten now midpoint of 1525 01:13:59,439 --> 01:14:03,080 Speaker 2: nine fifty, and you've got to wonder how long that's 1526 01:14:03,080 --> 01:14:05,960 Speaker 2: going to hold for unless those those dairy auctions turn around. 1527 01:14:06,000 --> 01:14:09,479 Speaker 2: Our total group profit after tacks up fifteen million dollars 1528 01:14:09,520 --> 01:14:13,080 Speaker 2: is the equivalent to seventeen cents per share continuing operations 1529 01:14:13,120 --> 01:14:16,920 Speaker 2: delivering a profit. We maintain our full year earnings range. 1530 01:14:17,520 --> 01:14:20,240 Speaker 2: Farmer shaholders voted to approve the divestment of the Yeah, 1531 01:14:20,320 --> 01:14:22,559 Speaker 2: that's the leactalist thing, et cetera, et cetera. So that's 1532 01:14:22,920 --> 01:14:25,280 Speaker 2: those are the numbers as they present themselves. I just 1533 01:14:25,439 --> 01:14:29,360 Speaker 2: wonder the big question for us all. I suppose farmers specifically, 1534 01:14:29,400 --> 01:14:33,120 Speaker 2: bit us all generally has dairy come off the boil 1535 01:14:33,240 --> 01:14:35,760 Speaker 2: a bit in coming off the boil? How long does 1536 01:14:35,800 --> 01:14:37,879 Speaker 2: it stay off the boil? Is it going to reboil? 1537 01:14:38,439 --> 01:14:43,599 Speaker 2: Or are we enforce some slightly less frothy times? Twenty 1538 01:14:43,600 --> 01:14:44,559 Speaker 2: two minutes away from. 1539 01:14:44,439 --> 01:14:48,840 Speaker 1: Nine international correspondence with ends and eye insurance. Peace of 1540 01:14:48,880 --> 01:14:50,839 Speaker 1: mind for New Zealand business Britain. 1541 01:14:50,840 --> 01:14:53,840 Speaker 2: Now, very good preend right, little morning mate, A good 1542 01:14:53,840 --> 01:14:54,320 Speaker 2: ball mate. 1543 01:14:54,320 --> 01:14:54,760 Speaker 11: How are you doing? 1544 01:14:54,880 --> 01:14:56,840 Speaker 2: We played done well. We played a little clip out 1545 01:14:56,840 --> 01:14:58,760 Speaker 2: of I assume it was PMQ's or it was a 1546 01:14:58,760 --> 01:15:00,280 Speaker 2: bit of back and forward in the house early on, 1547 01:15:00,400 --> 01:15:04,400 Speaker 2: and I thought this fallout from the budget, just when 1548 01:15:04,439 --> 01:15:07,519 Speaker 2: do you reckon it stops? Because kimmy bednot sounds like 1549 01:15:07,560 --> 01:15:08,960 Speaker 2: she's having the time of her life. 1550 01:15:10,240 --> 01:15:12,880 Speaker 11: She is, and she's come into her own. I had 1551 01:15:12,920 --> 01:15:16,040 Speaker 11: a quick chat with her over the weekend and she 1552 01:15:16,320 --> 01:15:19,280 Speaker 11: was far more bulliant, far more on the front foot 1553 01:15:19,280 --> 01:15:21,200 Speaker 11: than I've heard her for a very very long time. 1554 01:15:22,600 --> 01:15:25,799 Speaker 11: And she clearly did very well in Prime Minister's questions 1555 01:15:25,880 --> 01:15:31,759 Speaker 11: last week where she ridiculed the Chancellor for climbing into 1556 01:15:31,800 --> 01:15:39,960 Speaker 11: a hole who designed by misogyny. And the answer to 1557 01:15:40,000 --> 01:15:42,400 Speaker 11: your first question is, I don't think it does stop, 1558 01:15:43,360 --> 01:15:46,880 Speaker 11: because that continues to be problems about what was leaked, 1559 01:15:47,760 --> 01:15:50,880 Speaker 11: when was it leaked, and who leaked it and to 1560 01:15:50,920 --> 01:15:54,000 Speaker 11: whose benefit was it leaked? About the budget, but then 1561 01:15:54,160 --> 01:15:57,160 Speaker 11: after that you get all the questions about what this 1562 01:15:57,280 --> 01:15:59,600 Speaker 11: budget is going to do. So I don't think this 1563 01:15:59,680 --> 01:16:02,720 Speaker 11: is going to go away anytime soon at all. And 1564 01:16:02,800 --> 01:16:07,120 Speaker 11: I still think that Reeves is in some danger. That 1565 01:16:07,240 --> 01:16:11,720 Speaker 11: Rachel Reeves is in some danger from both the investigations, 1566 01:16:12,240 --> 01:16:16,040 Speaker 11: one of which she's ordered, but also you know, just 1567 01:16:16,120 --> 01:16:19,920 Speaker 11: the probing from newspapers and from the opposition parties. I 1568 01:16:19,960 --> 01:16:22,360 Speaker 11: think there is still some danger there for her. 1569 01:16:23,880 --> 01:16:26,360 Speaker 2: The bloke who fell on his sword from the OBR, 1570 01:16:26,560 --> 01:16:31,400 Speaker 2: how much of that's incompetence. How much of that's fall guy? 1571 01:16:33,080 --> 01:16:39,240 Speaker 11: I think probably the OBR made a mistake, and I 1572 01:16:39,280 --> 01:16:43,120 Speaker 11: think he felt it was needed for him to resign. 1573 01:16:43,800 --> 01:16:47,479 Speaker 11: But now you know, the guns are being turned. So 1574 01:16:47,760 --> 01:16:50,320 Speaker 11: the guns were first turned from the Chance of onto 1575 01:16:50,360 --> 01:16:53,800 Speaker 11: the Office for Budget Responsibility, with whom she's meant to 1576 01:16:53,840 --> 01:16:58,000 Speaker 11: have a kind of cordial relationship, you know, And now 1577 01:16:58,000 --> 01:17:00,720 Speaker 11: it's being turned on her own peace people within the 1578 01:17:00,800 --> 01:17:04,960 Speaker 11: Treasury who may have leaked something else. And there are 1579 01:17:05,160 --> 01:17:09,240 Speaker 11: so few people left to whom Rachel Reeves can complain 1580 01:17:09,320 --> 01:17:13,120 Speaker 11: that debt blame for whatever problems arose as a consequence 1581 01:17:13,120 --> 01:17:13,759 Speaker 11: of the budget. 1582 01:17:13,960 --> 01:17:15,680 Speaker 2: Rod, just hold on for people who missed it. This 1583 01:17:15,800 --> 01:17:16,719 Speaker 2: was bed Knock earlier. 1584 01:17:16,800 --> 01:17:19,000 Speaker 7: Let me read to him what his own cabinet members 1585 01:17:19,040 --> 01:17:22,599 Speaker 7: are saying, and I quote the handling of this budget 1586 01:17:22,600 --> 01:17:25,920 Speaker 7: has been a disaster from starts to finish. 1587 01:17:26,320 --> 01:17:27,960 Speaker 20: That was it him? 1588 01:17:29,439 --> 01:17:30,800 Speaker 7: Was it her? 1589 01:17:31,080 --> 01:17:31,439 Speaker 1: In fact? 1590 01:17:31,479 --> 01:17:32,680 Speaker 7: I think it was probably her. 1591 01:17:32,840 --> 01:17:38,160 Speaker 2: Actually, See that's a woman with confidence, isn't it? 1592 01:17:38,160 --> 01:17:40,360 Speaker 11: It is it is And for the first time for 1593 01:17:40,400 --> 01:17:44,400 Speaker 11: a long time, you know, it's been the last two 1594 01:17:44,400 --> 01:17:47,160 Speaker 11: weeks at basing Knock's really got her house in order 1595 01:17:47,240 --> 01:17:50,080 Speaker 11: and is really going for the jocular, and it's on 1596 01:17:50,120 --> 01:17:52,040 Speaker 11: a subject which she knows a bit about. She's she's 1597 01:17:52,160 --> 01:17:54,120 Speaker 11: quite competent financially. 1598 01:17:55,080 --> 01:17:55,880 Speaker 9: But also. 1599 01:17:57,160 --> 01:17:59,960 Speaker 11: You know that the criticisms are coming from the labor left, 1600 01:18:00,080 --> 01:18:05,559 Speaker 11: coming from the labor center, they're coming from within the 1601 01:18:05,600 --> 01:18:12,439 Speaker 11: government's own kind of Starmerrist appointments himself. It isn't going 1602 01:18:12,520 --> 01:18:16,240 Speaker 11: to stop. And the crucial thing is that, of course, 1603 01:18:16,280 --> 01:18:18,400 Speaker 11: as we know, and we talked about last week, but 1604 01:18:18,600 --> 01:18:23,040 Speaker 11: it did nothing whatsoever to increase the possibility that our 1605 01:18:23,120 --> 01:18:27,080 Speaker 11: economy might grow a bit. So as that flat lines, 1606 01:18:27,200 --> 01:18:30,640 Speaker 11: you know, the questions become head of more urgent. I 1607 01:18:31,120 --> 01:18:33,679 Speaker 11: think I think she's still in an awful run. 1608 01:18:33,560 --> 01:18:37,000 Speaker 2: Of trouble, right, So tell me read the Tories and 1609 01:18:37,120 --> 01:18:41,080 Speaker 2: bad Knock. Does bid Knock survive with a merger with reform? 1610 01:18:41,320 --> 01:18:44,280 Speaker 2: Is there a merger with reform? Where does Faraji end up? 1611 01:18:44,400 --> 01:18:47,439 Speaker 2: And given reforms current polling, are they the bigger player 1612 01:18:47,439 --> 01:18:48,000 Speaker 2: and the merger? 1613 01:18:50,200 --> 01:18:52,680 Speaker 11: Well, it's interesting, isn't it. In a sense, they are 1614 01:18:52,720 --> 01:18:54,960 Speaker 11: the bigger player because they have twenty nine percent in 1615 01:18:54,960 --> 01:18:57,960 Speaker 11: the polls as the latest poll out today, and easily 1616 01:18:58,160 --> 01:19:02,680 Speaker 11: the highest party. But of course the Conservatives are the 1617 01:19:02,880 --> 01:19:06,720 Speaker 11: members of Parliament and the background and the history. I 1618 01:19:06,920 --> 01:19:10,240 Speaker 11: think that as time goes on, we're beginning to hear 1619 01:19:10,360 --> 01:19:13,320 Speaker 11: more and more now about an alliance between the Conservative 1620 01:19:13,320 --> 01:19:17,640 Speaker 11: Party and Reform. As Conservatives, the Conservative Party fails to 1621 01:19:17,640 --> 01:19:21,120 Speaker 11: re establish itself as the main voice of opposition, but 1622 01:19:21,880 --> 01:19:24,600 Speaker 11: can be Badeno does a pretty good job of attacking 1623 01:19:24,640 --> 01:19:28,360 Speaker 11: the opposition, attacking the government. Then it all makes it 1624 01:19:28,439 --> 01:19:31,000 Speaker 11: slightly more likely that there would be some sort of 1625 01:19:31,040 --> 01:19:34,760 Speaker 11: alliance between them and Reform. And an alliance between them 1626 01:19:34,760 --> 01:19:39,080 Speaker 11: and Reform would win an election easily, very very easily. Indeed, 1627 01:19:39,479 --> 01:19:41,479 Speaker 11: they would get all the votes in the southeast, which 1628 01:19:41,479 --> 01:19:43,920 Speaker 11: would normally go to the Tories, and all the Northern 1629 01:19:43,960 --> 01:19:46,960 Speaker 11: rule seats which would go to Reform. The question hitherto 1630 01:19:47,160 --> 01:19:50,439 Speaker 11: has always been would Reform go for it? But Reform 1631 01:19:50,680 --> 01:19:54,479 Speaker 11: cannot get above thirty or percent in the polls. It 1632 01:19:54,760 --> 01:19:58,599 Speaker 11: just cannot break that barrier. It did so once and 1633 01:19:58,640 --> 01:20:02,640 Speaker 11: then dropped back down to third. Given that, and then 1634 01:20:02,720 --> 01:20:05,479 Speaker 11: it needs about thirty three thirty four percent to win 1635 01:20:05,560 --> 01:20:12,360 Speaker 11: an election, then some sort of pact, either unofficial or official, 1636 01:20:13,040 --> 01:20:13,760 Speaker 11: looks likely. 1637 01:20:14,080 --> 01:20:15,960 Speaker 2: I take it they would, because you've got to first 1638 01:20:16,000 --> 01:20:18,080 Speaker 2: pass the post system. They would arrange your seat. So 1639 01:20:18,080 --> 01:20:20,439 Speaker 2: in other words, you wouldn't have two people going banging 1640 01:20:20,479 --> 01:20:24,559 Speaker 2: heads splitting the vote. That's right, And so the next 1641 01:20:24,600 --> 01:20:28,280 Speaker 2: question is does that happen now? Does it happen often? 1642 01:20:28,360 --> 01:20:31,000 Speaker 2: And if you did it on a bulk deal, would 1643 01:20:31,040 --> 01:20:32,080 Speaker 2: people be alarmed? 1644 01:20:33,880 --> 01:20:35,720 Speaker 11: Yeah? I don't thin if people will be alarmed. It 1645 01:20:35,760 --> 01:20:39,479 Speaker 11: does happen now. It doesn't happen that often, largely because 1646 01:20:39,520 --> 01:20:43,920 Speaker 11: people can't get get their arrangements in place in time 1647 01:20:43,960 --> 01:20:47,120 Speaker 11: when there's a by election. But it has happened, sure. 1648 01:20:48,280 --> 01:20:50,240 Speaker 11: You know, the party I'm a member of the Social 1649 01:20:50,320 --> 01:20:53,639 Speaker 11: Democratic Party had an alliance with Reform at the last 1650 01:20:53,680 --> 01:20:56,679 Speaker 11: election and they didn't contest the since we were standing 1651 01:20:56,720 --> 01:21:00,240 Speaker 11: in which we thought were important and vice versa. It 1652 01:21:00,280 --> 01:21:03,479 Speaker 11: can't be done. Of course, it's much more higher stakes 1653 01:21:03,520 --> 01:21:07,040 Speaker 11: when we're talking about the tourism reform now, and it 1654 01:21:07,120 --> 01:21:09,439 Speaker 11: remains to be seeing what kind of stink will be 1655 01:21:09,560 --> 01:21:13,120 Speaker 11: kicked up by those conservative candidates who are suddenly told now, 1656 01:21:13,280 --> 01:21:15,360 Speaker 11: we're really not going to put anything into this fight. 1657 01:21:16,720 --> 01:21:20,400 Speaker 11: You know, we'd rather you actually stood down because that 1658 01:21:20,439 --> 01:21:25,960 Speaker 11: will be difficult. But nonetheless, the attractions are there because 1659 01:21:26,080 --> 01:21:27,960 Speaker 11: it is the past to number ten. 1660 01:21:28,479 --> 01:21:30,840 Speaker 2: Always a pleasure, my friend, go well Rod little out 1661 01:21:30,880 --> 01:21:33,840 Speaker 2: of Britain for you already eight forty five the. 1662 01:21:34,080 --> 01:21:37,679 Speaker 1: Like asking Breakfast full show podcast on I have radio 1663 01:21:37,840 --> 01:21:38,920 Speaker 1: powered by news Talks. 1664 01:21:38,960 --> 01:21:41,720 Speaker 2: It be now another great head from Nibble and the 1665 01:21:41,720 --> 01:21:43,760 Speaker 2: buyo plenty right. This one really shows the difference that 1666 01:21:44,040 --> 01:21:47,240 Speaker 2: Resonate health makes. So he said that a competitor had 1667 01:21:47,280 --> 01:21:49,960 Speaker 2: told him that you can't wear the old hearing aids 1668 01:21:50,000 --> 01:21:51,880 Speaker 2: on your motorbike and you shouldn't wear them among the lawn. 1669 01:21:51,880 --> 01:21:54,000 Speaker 2: And Nevill thought, we'll hold on, how am I supposed 1670 01:21:54,040 --> 01:21:56,479 Speaker 2: to how am I supposed to wear these things at all? 1671 01:21:56,880 --> 01:21:59,200 Speaker 2: So he returned them, gave them back, but then he 1672 01:21:59,240 --> 01:22:01,639 Speaker 2: saw an ad for Rison health, and once he dealt 1673 01:22:01,640 --> 01:22:04,160 Speaker 2: with Resonated, he hasn't looked back because Resonate actually listens, 1674 01:22:04,200 --> 01:22:06,640 Speaker 2: and if he has any issues, he just jumps on 1675 01:22:06,680 --> 01:22:08,360 Speaker 2: his bike and rides over and they sort it all 1676 01:22:08,400 --> 01:22:10,839 Speaker 2: out on the spot. Now he says, it's absolutely brilliant 1677 01:22:11,640 --> 01:22:13,960 Speaker 2: and now he can hear us do catti properly again. 1678 01:22:14,080 --> 01:22:16,200 Speaker 2: And if you're ride, of course you know exactly what 1679 01:22:16,240 --> 01:22:18,240 Speaker 2: he means when he says, what a beautiful sound to 1680 01:22:18,280 --> 01:22:21,960 Speaker 2: do catty is, which is that's the thing about hearing, 1681 01:22:22,040 --> 01:22:24,080 Speaker 2: and that's what good hearing does. It gives you your 1682 01:22:24,080 --> 01:22:26,639 Speaker 2: life back, your hobbies back, you know, your joy back. 1683 01:22:27,160 --> 01:22:29,640 Speaker 2: So if you have had the run around elsewhere, you 1684 01:22:29,680 --> 01:22:31,040 Speaker 2: want to deal with the best of the best, then 1685 01:22:31,320 --> 01:22:34,640 Speaker 2: resonating your people, Resonate health dot co dot nz and 1686 01:22:34,680 --> 01:22:36,760 Speaker 2: they're on the phone at eight hundred and seven three 1687 01:22:36,840 --> 01:22:39,680 Speaker 2: seven six six two tasking a lot of things out 1688 01:22:39,680 --> 01:22:41,519 Speaker 2: of Britain. Just before we leave it. One hundred million 1689 01:22:41,560 --> 01:22:44,400 Speaker 2: pounds for the COVID inquiry thus far. This is on 1690 01:22:44,439 --> 01:22:46,240 Speaker 2: top of the one ninety two. So let's call out 1691 01:22:46,280 --> 01:22:50,200 Speaker 2: three hundred million pounds, fifty percent more than previously thought 1692 01:22:50,200 --> 01:22:52,400 Speaker 2: and it's still far from over. This is legal advice. 1693 01:22:52,439 --> 01:22:54,559 Speaker 2: Staffing costs has a bit a bit of a to 1694 01:22:54,640 --> 01:22:57,880 Speaker 2: do with the government. The claim is that at times 1695 01:22:57,880 --> 01:23:00,360 Speaker 2: there are being hostile and difficult and blocking the release 1696 01:23:00,360 --> 01:23:04,120 Speaker 2: of information, delivering documents late. It's been going now for 1697 01:23:04,240 --> 01:23:07,479 Speaker 2: three years, got underway in twenty twenty two. Final report 1698 01:23:07,520 --> 01:23:09,720 Speaker 2: isn't expected till twenty twenty seven, so at least if 1699 01:23:09,800 --> 01:23:13,040 Speaker 2: you compare it to ours, our second part is due 1700 01:23:13,400 --> 01:23:15,880 Speaker 2: in early next year twenty six, so a year ahead 1701 01:23:15,920 --> 01:23:21,880 Speaker 2: of it. Took. In total, there were ten separate investigations 1702 01:23:22,479 --> 01:23:25,280 Speaker 2: so far only two, which is one that's looked at 1703 01:23:25,320 --> 01:23:27,479 Speaker 2: the pandemic preparedness and the other one looking at government 1704 01:23:27,479 --> 01:23:29,760 Speaker 2: decision making, have been completed two of ten and we're 1705 01:23:29,760 --> 01:23:32,519 Speaker 2: already running at three hundred million pounds. The other thing 1706 01:23:32,520 --> 01:23:34,240 Speaker 2: of notes in Britain at the moment is the police 1707 01:23:34,240 --> 01:23:37,800 Speaker 2: are considering corporate manslaughter over this post office scandal. So 1708 01:23:37,960 --> 01:23:41,799 Speaker 2: this is the National Police Chiefs Council investigation currently focused 1709 01:23:41,840 --> 01:23:45,439 Speaker 2: on eight suspects, five interviews conducted under caution. There are 1710 01:23:45,439 --> 01:23:47,519 Speaker 2: in our fifty three persons of interest, most of whom 1711 01:23:47,520 --> 01:23:50,479 Speaker 2: are likely to be raised to suspects status at a 1712 01:23:50,560 --> 01:23:54,679 Speaker 2: later stage, and the investigation continued to focus on offenses 1713 01:23:54,720 --> 01:23:57,400 Speaker 2: of perjury in perverting the course of justice, also considering 1714 01:23:57,479 --> 01:24:02,360 Speaker 2: charges of corporate manslaughter. So there's got a lot of 1715 01:24:02,400 --> 01:24:05,519 Speaker 2: water to go under that particular bridge. Ten away from nine. 1716 01:24:06,880 --> 01:24:10,840 Speaker 1: For the mic asking Breakfast with a Vida Retirement Communities 1717 01:24:10,960 --> 01:24:12,080 Speaker 1: News togs Head been now. 1718 01:24:12,120 --> 01:24:13,719 Speaker 2: The good news is the whole bunch of New World 1719 01:24:13,720 --> 01:24:16,000 Speaker 2: Shop is surprised at the moment, which is nice because 1720 01:24:16,000 --> 01:24:18,080 Speaker 2: it's that time of the year to earn well. They've 1721 01:24:18,120 --> 01:24:20,360 Speaker 2: got a whole lot of New World dollars, and they've 1722 01:24:20,360 --> 01:24:22,840 Speaker 2: got those dollars just from weekly shopping. According to New World, 1723 01:24:22,880 --> 01:24:25,040 Speaker 2: there are heaps of New World dollars out there at 1724 01:24:25,040 --> 01:24:26,920 Speaker 2: the moment, just waiting to be spent this Christmas. Now 1725 01:24:26,960 --> 01:24:28,920 Speaker 2: you can use them to treat yourself as something extra 1726 01:24:29,400 --> 01:24:31,280 Speaker 2: you can save on your next shop at New World. 1727 01:24:31,360 --> 01:24:33,200 Speaker 2: And if you don't know what your New World dollar 1728 01:24:33,200 --> 01:24:36,639 Speaker 2: balance is worth checking out, obviously a very nice surprise 1729 01:24:36,680 --> 01:24:38,920 Speaker 2: waiting for you. One New World dollar, by the way, 1730 01:24:39,320 --> 01:24:41,960 Speaker 2: is equal to one New Zealand dollar when you spend 1731 01:24:42,040 --> 01:24:43,760 Speaker 2: in the store or online, so you can check your 1732 01:24:43,800 --> 01:24:46,120 Speaker 2: balance by asking the helpful New World team at the checkout, 1733 01:24:46,479 --> 01:24:49,880 Speaker 2: or by downloading the New World app. Christmas perfect time 1734 01:24:49,960 --> 01:24:52,280 Speaker 2: spend those New World dollars after all. And how do 1735 01:24:52,320 --> 01:24:54,280 Speaker 2: you earn the New World dollars will super simple. You 1736 01:24:54,280 --> 01:24:56,920 Speaker 2: win them by using your club card when you shop 1737 01:24:56,920 --> 01:24:59,360 Speaker 2: in store or online or even through the app. And 1738 01:24:59,400 --> 01:25:02,880 Speaker 2: it's all with you will Hosking Mike's IV fifteen year 1739 01:25:02,920 --> 01:25:06,120 Speaker 2: old New Zealander goes it was allowed on Facebook in 1740 01:25:06,120 --> 01:25:08,439 Speaker 2: this country of course, goes on holiday to Australia? Are 1741 01:25:08,439 --> 01:25:11,040 Speaker 2: they allowed on Facebook? They joined Facebook legal. I'm assuming 1742 01:25:11,040 --> 01:25:12,600 Speaker 2: so I see these are the I mean that's a 1743 01:25:12,720 --> 01:25:14,720 Speaker 2: that's a you know, you're pulling a fairly long bow 1744 01:25:14,760 --> 01:25:17,080 Speaker 2: on that one. But it's one of the many, many, 1745 01:25:17,200 --> 01:25:20,400 Speaker 2: many technical ish type questions that the Australian government have 1746 01:25:20,439 --> 01:25:22,120 Speaker 2: failed to answer. Sex Away from. 1747 01:25:22,080 --> 01:25:27,800 Speaker 1: Nine trending now with Warehouse the Real House of Fregrancs. 1748 01:25:28,120 --> 01:25:31,880 Speaker 2: Google searchers for New Zealand? What did we search up 1749 01:25:31,960 --> 01:25:37,720 Speaker 2: on Google this year? Top searchers overall? Iran was number nine? 1750 01:25:37,760 --> 01:25:42,280 Speaker 2: Does that surprising surprises me? All Blacks v France was 1751 01:25:42,400 --> 01:25:48,840 Speaker 2: number six. CEO on the jumbo tron That means nothing 1752 01:25:48,880 --> 01:25:49,120 Speaker 2: to me. 1753 01:25:49,479 --> 01:25:50,599 Speaker 11: Yes, come on. 1754 01:25:51,200 --> 01:25:56,280 Speaker 17: The ceo who kissed the. 1755 01:25:54,720 --> 01:26:01,800 Speaker 2: Resource told play sorry, you're right. Osteoporosis pre what's that about? 1756 01:26:02,200 --> 01:26:07,160 Speaker 2: That is the third most searched search in Google this year. 1757 01:26:08,000 --> 01:26:12,320 Speaker 2: Osteoporosis pregnant. Charlie Kirk number one. As far as key 1758 01:26:12,479 --> 01:26:17,280 Speaker 2: is concerned, who were we looking for this year? Liam Lawson? 1759 01:26:17,320 --> 01:26:19,680 Speaker 2: That doesn't surprise me. He was fourth. Joseph Parker was 1760 01:26:19,720 --> 01:26:23,479 Speaker 2: number one. I think that probably happened reasonably lately. Stuart 1761 01:26:23,560 --> 01:26:27,880 Speaker 2: Nash was number ten for odd Stewie Lord. 1762 01:26:29,360 --> 01:26:31,839 Speaker 17: I think that was just mostly Stuart googling himself. 1763 01:26:32,360 --> 01:26:38,479 Speaker 2: Could have been people we looked up, most the Pope honestly, 1764 01:26:39,400 --> 01:26:39,680 Speaker 2: what for? 1765 01:26:40,080 --> 01:26:40,760 Speaker 17: Oh he was new? 1766 01:26:41,600 --> 01:26:41,720 Speaker 13: Oh? 1767 01:26:41,880 --> 01:26:46,759 Speaker 2: I suppose Sir Luke Colmes, Jimmy Kemmel when he got sacked, 1768 01:26:46,800 --> 01:26:50,559 Speaker 2: presumably Prince Andrew when he ran into his problems. Knows. 1769 01:26:50,600 --> 01:26:52,320 Speaker 2: Poor old Fergie has been booted out of the house 1770 01:26:52,320 --> 01:26:54,559 Speaker 2: and she don't nowhere to go. Andrew's going down the road, 1771 01:26:54,600 --> 01:26:57,320 Speaker 2: but she's out. She didn't know what the top six 1772 01:26:59,280 --> 01:27:07,080 Speaker 2: things we Treaty Principles bill submission was number six. But angsty, 1773 01:27:07,120 --> 01:27:13,320 Speaker 2: isn't it? Cyclone tam thunderstorm warning, tsunami warning, rainfall warning, 1774 01:27:13,840 --> 01:27:14,719 Speaker 2: wind warning. 1775 01:27:16,080 --> 01:27:18,080 Speaker 17: So that's why we do weird to pullcasts on this show. 1776 01:27:18,880 --> 01:27:21,599 Speaker 2: Come on, Yew Zealand, let's make twenty six something better. 1777 01:27:21,960 --> 01:27:25,759 Speaker 2: Number one in the need help department, make butter. 1778 01:27:26,400 --> 01:27:28,800 Speaker 17: That's all your tad wives out there what. 1779 01:27:28,800 --> 01:27:31,560 Speaker 2: It is, although you don't need to anymore. What a 1780 01:27:31,600 --> 01:27:34,040 Speaker 2: waste of a request that was? Ah, have you seen 1781 01:27:34,040 --> 01:27:37,439 Speaker 2: the price of butter? So cheap? Right now? What went viral? 1782 01:27:37,520 --> 01:27:40,719 Speaker 2: We'll do by chocolate. Sam started that as he started 1783 01:27:40,760 --> 01:27:43,640 Speaker 2: driving out to Tacaninni and his GDR to deal with 1784 01:27:43,720 --> 01:27:46,760 Speaker 2: Janice and Takanini over the do buy chocolate? Everyone went, oh, 1785 01:27:46,840 --> 01:27:48,680 Speaker 2: hang on, what's Sam and to has he got some doing? 1786 01:27:48,920 --> 01:27:52,320 Speaker 2: What's going on out there? In Tacanini Barbie AI trend 1787 01:27:53,880 --> 01:27:57,320 Speaker 2: and start a pac trend which is similar to the 1788 01:27:57,320 --> 01:28:01,680 Speaker 2: Barbie doll with accessories start up. I don't even know 1789 01:28:01,760 --> 01:28:02,200 Speaker 2: what he knew. 1790 01:28:02,240 --> 01:28:03,080 Speaker 9: That means. 1791 01:28:05,600 --> 01:28:08,680 Speaker 2: Back tomorrow morning from six have a lovely day and 1792 01:28:08,800 --> 01:28:09,880 Speaker 2: do you have happy days? 1793 01:28:11,760 --> 01:28:13,200 Speaker 3: Happy questions everybody? 1794 01:28:17,160 --> 01:28:20,080 Speaker 1: For more from the Mic Asking Breakfast, listen live to 1795 01:28:20,160 --> 01:28:23,240 Speaker 1: news talks it'd be from six am weekdays, or follow 1796 01:28:23,280 --> 01:28:24,840 Speaker 1: the podcast on iHeartRadio