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Speaker 1: Shane Sully's here hardbre Rest Management. Shane. Good evening today, Ryan.

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Speaker 1: Let's have a look at the market, shall we. How

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Speaker 1: are we looking well?

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Speaker 2: We saw a little bit of a recovery in the

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Speaker 2: US market on Friday, a little bit about the government,

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Speaker 2: the US government managing to avoid ab ceiling problem and

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Speaker 2: actually open make sure the government doesn't shut down, and

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Speaker 2: also mister Trump managed to stop making too many announcements.

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Speaker 2: But we actually saw some weaker economic data and so

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Speaker 2: we saw some consumer confidence surveys come out weaker, inflation

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Speaker 2: expectations are behind. This is all about this US government

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Speaker 2: reset that's going on, trying to get the spending down

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Speaker 2: the US government and obviously the uncertain trade TOWERFFS. So

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Speaker 2: quite an interesting friday. Here in Zeland. We were a

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Speaker 2: little bit better today, but still we're not exactly all

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Speaker 2: on the way but soon. I think some of that

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Speaker 2: volatility was in the last few weeks, just toning down

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Speaker 2: a little bit.

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Speaker 1: Yeah, okay, Hey, over to China, the regulators there seem

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Speaker 1: to be really putting their foot down to try and

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Speaker 1: support the Chinese economy. I note they had their January

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Speaker 1: February figures for import export imports with down eight percent.

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Speaker 2: Yeah, so it's a great point. Ryan. They're starting from

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Speaker 2: a low start point, so that they have seen the

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Speaker 2: need to increase stimulation. Last week they had what's called

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Speaker 2: the Chinese National People's Conference to the NPC and it

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Speaker 2: really had a bunch of policies and lifting this economy.

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Speaker 2: One of the really notable things was that if more

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Speaker 2: aggressively targeted consumed consumption, really trying to get Chinese consumers

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Speaker 2: given the confidence to get out there. They've gone out with

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Speaker 2: a thirty point plan over the weekend. One thing that

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Speaker 2: we noticed though for New Zealand was that they're targeting

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Speaker 2: lifting birth rates, things like increased maturity, patunity, childcare, health

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Speaker 2: care policies, and some of the cities are actually really

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Speaker 2: throwing subsidies basically giving you ten thousand, which is quite

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Speaker 2: a lot of you in a second or third or

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Speaker 2: fourth tier city to have babies, to have children. That's

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Speaker 2: pretty good for China's demand for New Zealand infant milk formula.

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Speaker 2: And so we've seen a to milk the milk formula

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Speaker 2: producer up ten percent over the week on the back

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Speaker 2: of that news. So, yep, plenty of plenty of similars

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Speaker 2: going on.

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Speaker 1: There and just finally back here, shares in smart Pace

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Speaker 1: spiking high today. This is several takeover offers that we've

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Speaker 1: been hearing about.

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Speaker 2: Yeah, interesting times. So smart Pay Electronic Prepaid Solutions said

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Speaker 2: it had a bed from Australian as the company Tyro

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Speaker 2: and also an international strategic party. We don't know who

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Speaker 2: that is. Tyro has been effectively the same as a dollar.

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Speaker 2: It's some shares and some cash. It's about a dollar,

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Speaker 2: and the boards basically said, hey, look, just wait, We're

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Speaker 2: going to let these companies undertake their due diligence and

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Speaker 2: then we'll go from there. But I think it's really

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Speaker 2: telling us that it's the time we may see more

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Speaker 2: of this version acquisition activity. It's the right time to

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Speaker 2: acqui bolt on businesses for some businesses, so we may

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Speaker 2: see a bit more of it.

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Speaker 1: All right, Shane, thanks so much for that. Great to

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Speaker 1: have you on. Shane Solid Harbor Asset Management with us tonight.

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