1
00:00:01,080 --> 00:00:04,240
Speaker 1: The only drive show you can trust to ask the questions,

2
00:00:04,360 --> 00:00:07,800
Speaker 1: get the answers by the facts, and give the analysis.

3
00:00:08,000 --> 00:00:11,160
Speaker 1: Jack tame on Heather duple c Allen Drive with One

4
00:00:11,240 --> 00:00:13,280
Speaker 1: New Zealand Let's get connected.

5
00:00:13,400 --> 00:00:14,480
Speaker 2: News Talk zied B.

6
00:00:17,920 --> 00:00:21,000
Speaker 3: News Talk zed B. Good afternoon, Jack tame in for Heather.

7
00:00:22,160 --> 00:00:25,640
Speaker 3: This second Monday of the school holidays. After five o'clock,

8
00:00:25,640 --> 00:00:29,200
Speaker 3: we meet the very latest on the Muddle Cupper Father

9
00:00:29,280 --> 00:00:32,920
Speaker 3: Tom Phillips, Police confirming today a credible sighting. Some pig

10
00:00:33,000 --> 00:00:35,959
Speaker 3: hunters spotted the man and his children. Where will tell

11
00:00:36,000 --> 00:00:38,600
Speaker 3: you more about that as well as that you know

12
00:00:38,640 --> 00:00:41,000
Speaker 3: how the NRAL was looking to expand into Parpo and

13
00:00:41,000 --> 00:00:44,320
Speaker 3: New Guinea ain't gonna happen. Apparently the dollars and cents

14
00:00:44,520 --> 00:00:47,080
Speaker 3: don't make sense, doesn't add up. We will explain why

15
00:00:47,159 --> 00:00:50,839
Speaker 3: very shortly right now, seven past four, Jack Team. So,

16
00:00:50,880 --> 00:00:53,559
Speaker 3: a couple of weeks ago, I went out to Devenport

17
00:00:53,760 --> 00:00:56,920
Speaker 3: for a little picnic evening with some friends. When we

18
00:00:56,920 --> 00:00:58,760
Speaker 3: went over on the ferry, as you do with the kids,

19
00:00:58,800 --> 00:00:59,920
Speaker 3: and you know how you're trying to turn the whole

20
00:01:00,320 --> 00:01:03,400
Speaker 3: trip into a bit of an adventure. I pointed out

21
00:01:03,600 --> 00:01:05,880
Speaker 3: to the kids as we sailed across the Devonport from

22
00:01:05,920 --> 00:01:10,440
Speaker 3: Aukland CBD. The naval ships that were waiting there at base. Look,

23
00:01:10,480 --> 00:01:14,200
Speaker 3: I said, pointing at the Manumenui. Look, that's our navy.

24
00:01:15,840 --> 00:01:16,040
Speaker 4: Look.

25
00:01:16,080 --> 00:01:19,480
Speaker 3: Obviously, it's a great relief that everyone's okay and was

26
00:01:19,520 --> 00:01:22,600
Speaker 3: able to disembark in time. And I accept it's going

27
00:01:22,640 --> 00:01:24,959
Speaker 3: to be a bit of time before we learn everything

28
00:01:25,160 --> 00:01:27,880
Speaker 3: about what went wrong. But it is hard to look

29
00:01:27,920 --> 00:01:32,280
Speaker 3: past what is, at least from the outside, a profoundly

30
00:01:32,319 --> 00:01:36,000
Speaker 3: embarrassing accident for New Zealand's defense force and for New

31
00:01:36,080 --> 00:01:40,080
Speaker 3: Zealand at large. I get it. Shit happens, but the

32
00:01:40,200 --> 00:01:45,760
Speaker 3: time and place really could not be much worse. Just

33
00:01:45,800 --> 00:01:48,760
Speaker 3: twenty four hours before the ship hit the reef, defense

34
00:01:48,800 --> 00:01:51,480
Speaker 3: ministers from across the Pacific were meeting in Auckland to

35
00:01:51,600 --> 00:01:55,320
Speaker 3: establish a New Pacific Response Group, a multilateral force that

36
00:01:55,400 --> 00:01:58,880
Speaker 3: will respond to future disasters. This is supposed to be

37
00:01:59,400 --> 00:02:03,320
Speaker 3: the height of competence in the Pacific, with Orcus and

38
00:02:03,560 --> 00:02:06,920
Speaker 3: tensions over China's ambitions in the region. The Australian Defense

39
00:02:06,960 --> 00:02:09,520
Speaker 3: Minister was plain when I asked him last week about

40
00:02:09,520 --> 00:02:13,560
Speaker 3: New Zealand's military assets. Quote, a more capable New Zealand

41
00:02:13,840 --> 00:02:17,359
Speaker 3: is very much in Australia's interests. He told me. It's

42
00:02:17,360 --> 00:02:21,680
Speaker 3: probably in Sarmoora's interests now as well. What's more, in

43
00:02:21,720 --> 00:02:25,280
Speaker 3: just two weeks leaders from across the Commonwealth's fifty six

44
00:02:25,560 --> 00:02:28,880
Speaker 3: member nations and yeah, King Charles are going to be

45
00:02:28,919 --> 00:02:32,880
Speaker 3: meeting for the biennial Choggham meeting in you guessed it

46
00:02:33,520 --> 00:02:36,720
Speaker 3: some more. You hate to think what sight seeing those

47
00:02:36,800 --> 00:02:38,760
Speaker 3: leaders might do if they have a couple of hours

48
00:02:38,800 --> 00:02:45,280
Speaker 3: spare time. So what now? I just think it's absolutely critical,

49
00:02:45,520 --> 00:02:51,359
Speaker 3: like vitally important important that we do everything humanly possible

50
00:02:51,400 --> 00:02:56,079
Speaker 3: to reduce the environmental impact of this accident. Everything, every

51
00:02:56,120 --> 00:02:58,680
Speaker 3: bit of kit we have available needs to be used,

52
00:02:58,880 --> 00:03:03,000
Speaker 3: every resource needs to be thrown at this and most importantly,

53
00:03:03,040 --> 00:03:06,200
Speaker 3: there cannot be any quibbling over the cost of the

54
00:03:06,240 --> 00:03:10,880
Speaker 3: response and recovery and recovery. We have to sincerely do

55
00:03:10,960 --> 00:03:13,720
Speaker 3: the right thing by some more and obviously that is

56
00:03:13,760 --> 00:03:16,519
Speaker 3: not going to come cheap. As much of the world

57
00:03:16,720 --> 00:03:20,519
Speaker 3: pause resources into defense assets time and again, New Zealand's

58
00:03:20,639 --> 00:03:23,919
Speaker 3: are proving unfit for purpose, whether it is the woeful

59
00:03:23,960 --> 00:03:27,799
Speaker 3: state of defense force housing, the perennially stranded seven to

60
00:03:27,880 --> 00:03:31,880
Speaker 3: five sevens or now the Manuwanui. The credibility of our

61
00:03:31,880 --> 00:03:35,440
Speaker 3: defense force has taken an almighty battering in the last

62
00:03:35,440 --> 00:03:38,880
Speaker 3: few years. But as we respond to this crisis, the

63
00:03:38,920 --> 00:03:42,400
Speaker 3: credibility of our nation is on the line too, and

64
00:03:42,440 --> 00:03:46,520
Speaker 3: we had better step up. Jack d N two ninety

65
00:03:46,560 --> 00:03:48,280
Speaker 3: two is the text number. If you're going to text me,

66
00:03:48,280 --> 00:03:50,440
Speaker 3: don't forget the standard text cost apply. You can email

67
00:03:50,520 --> 00:03:52,680
Speaker 3: me as well. Jacket Neewstalks headb dot Co dot NZ.

68
00:03:52,800 --> 00:03:55,600
Speaker 3: We're going to get the very latest on the Manuwanui

69
00:03:55,600 --> 00:03:58,080
Speaker 3: incident right after five o'clock this evening. Right now it

70
00:03:58,160 --> 00:04:01,400
Speaker 3: is ten past five on News Talks be and one

71
00:04:01,520 --> 00:04:04,640
Speaker 3: hundred and forty nine projects have been picked for fast

72
00:04:04,680 --> 00:04:08,280
Speaker 3: tracking through the Fast Track Approvals Bills, Housing, Energy, major

73
00:04:08,320 --> 00:04:11,440
Speaker 3: infrastructure projects take the priority. Eden Park two point one

74
00:04:12,000 --> 00:04:14,920
Speaker 3: is on the list as well. Infrastructure Minister Chris Bishop

75
00:04:15,000 --> 00:04:17,400
Speaker 3: reckons the bill will be passed by the end of

76
00:04:17,400 --> 00:04:17,880
Speaker 3: this year.

77
00:04:18,279 --> 00:04:20,599
Speaker 5: The expert panels will be set up early in twenty

78
00:04:20,640 --> 00:04:23,280
Speaker 5: twenty five and our expectations that some of these projects

79
00:04:23,320 --> 00:04:25,520
Speaker 5: will be consented in a manner of that compares to

80
00:04:25,520 --> 00:04:27,839
Speaker 5: the status quo, which could be a matter of years

81
00:04:27,839 --> 00:04:28,840
Speaker 5: and years.

82
00:04:28,680 --> 00:04:33,000
Speaker 3: But the legislation and the list is still contentious. Infrastructure

83
00:04:33,040 --> 00:04:35,480
Speaker 3: New Zealand Boss Nick Leggett is a fan, but CEO

84
00:04:35,640 --> 00:04:38,760
Speaker 3: of the Environmental Defense Society Gary Taylor has some questions.

85
00:04:38,800 --> 00:04:42,240
Speaker 3: They are both with us this afternoon. Kilder, Guys Neck,

86
00:04:42,279 --> 00:04:44,080
Speaker 3: I'll start with you, what do you think of the list?

87
00:04:46,200 --> 00:04:48,440
Speaker 6: Well, I think it's quite a balance, lush, Jack, and

88
00:04:48,839 --> 00:04:53,880
Speaker 6: it really speaks to the need that this country has

89
00:04:53,960 --> 00:04:58,360
Speaker 6: to get its act together and build some infrastructure. You

90
00:04:58,400 --> 00:05:04,679
Speaker 6: know that works both for land transport, for alternative energy

91
00:05:05,480 --> 00:05:09,719
Speaker 6: and of course for housing. And New Zealand is hampered

92
00:05:09,800 --> 00:05:12,279
Speaker 6: with infrastructure. We're small, you know, we're a small market.

93
00:05:12,279 --> 00:05:14,719
Speaker 6: We're distant from other parts of the country. But we're

94
00:05:14,720 --> 00:05:18,560
Speaker 6: also very slow and we're not that great at making decisions,

95
00:05:18,839 --> 00:05:20,599
Speaker 6: and so we fall at the bottom of the world

96
00:05:20,640 --> 00:05:23,720
Speaker 6: where it comes to the efficiency that we get from

97
00:05:23,720 --> 00:05:28,120
Speaker 6: our infrastructure spend. That's because stuff gets delayed, things take

98
00:05:28,160 --> 00:05:33,159
Speaker 6: too long to consent, and you know, frankly, we just

99
00:05:33,880 --> 00:05:37,159
Speaker 6: we lack the certainty in our market to to be

100
00:05:37,200 --> 00:05:38,240
Speaker 6: able to get efficiency.

101
00:05:38,760 --> 00:05:41,760
Speaker 3: Okay, Gary, what do you think of the list specifically?

102
00:05:43,440 --> 00:05:46,000
Speaker 4: Well, I agree with Neck, there's a lot of I

103
00:05:46,000 --> 00:05:48,760
Speaker 4: mean we have a huge infrastructure deficit in this country.

104
00:05:49,120 --> 00:05:51,159
Speaker 4: You know, we need to spend another two hundred million

105
00:05:51,200 --> 00:05:56,760
Speaker 4: dollars or so to fix things, and that's obviously a priority,

106
00:05:57,320 --> 00:06:00,560
Speaker 4: I think. I think however, there is some so you know,

107
00:06:00,600 --> 00:06:03,120
Speaker 4: there's a lot that's on that list that I wouldn't

108
00:06:03,160 --> 00:06:04,680
Speaker 4: quibble with, but there are some that I.

109
00:06:04,640 --> 00:06:07,719
Speaker 3: Would, Right, what would you quibble with?

110
00:06:09,040 --> 00:06:14,000
Speaker 4: Well, I'd quibble with the inclusion of coal mines, for instance.

111
00:06:14,760 --> 00:06:18,880
Speaker 4: I think having trans Tasman resources on there is actually

112
00:06:18,880 --> 00:06:22,239
Speaker 4: a surprise because they want to use the same space

113
00:06:22,279 --> 00:06:26,360
Speaker 4: as off Taranaki as the offshore wind guys want to use.

114
00:06:26,960 --> 00:06:29,560
Speaker 4: And I might have thought wind was a higher priority

115
00:06:30,200 --> 00:06:35,600
Speaker 4: in terms of infrastructure than you know, sand extraction. There's

116
00:06:35,640 --> 00:06:39,400
Speaker 4: also sort of zombie projects as they're called, which are

117
00:06:39,440 --> 00:06:42,280
Speaker 4: ones that have already been through a normal process and

118
00:06:42,320 --> 00:06:48,000
Speaker 4: then refused consent for good reasons. Was the kia y

119
00:06:48,120 --> 00:06:52,400
Speaker 4: Matty waste to energy plant, which I think is very

120
00:06:53,400 --> 00:06:56,760
Speaker 4: controversial in terms of its potential for you know, bad

121
00:06:56,800 --> 00:06:57,800
Speaker 4: air emissions.

122
00:06:58,279 --> 00:07:00,320
Speaker 3: So those are all I mean for domin that the

123
00:07:00,400 --> 00:07:02,800
Speaker 3: environmental concerns, Nick, how do you respond to that? Are

124
00:07:02,839 --> 00:07:06,920
Speaker 3: you concerned about those environmental projects that might have negative

125
00:07:06,960 --> 00:07:07,920
Speaker 3: environmental impacts.

126
00:07:08,400 --> 00:07:11,360
Speaker 6: Look, I think that everybody needs to be on watch

127
00:07:12,000 --> 00:07:15,320
Speaker 6: where it comes to environmental projects. Would say that we're

128
00:07:15,320 --> 00:07:19,520
Speaker 6: pretty pleased to see the quarries included, because we can't

129
00:07:19,560 --> 00:07:22,960
Speaker 6: build decent infrastructure projects without quarries, and we have a

130
00:07:23,000 --> 00:07:26,680
Speaker 6: problem in this country that quarries are becoming farther and

131
00:07:26,720 --> 00:07:29,920
Speaker 6: farther from cities, and of course that adds to not

132
00:07:30,040 --> 00:07:33,680
Speaker 6: only costs but also emissions to get aggregate to where

133
00:07:33,680 --> 00:07:35,720
Speaker 6: it needs to go to build. But look, I would

134
00:07:35,760 --> 00:07:39,680
Speaker 6: say there are protections here and that we would expect

135
00:07:39,760 --> 00:07:45,360
Speaker 6: that expert panels to put conditions on consents that address

136
00:07:46,040 --> 00:07:50,600
Speaker 6: environmental and social impacts during construction and for the eventual

137
00:07:50,640 --> 00:07:55,720
Speaker 6: operations of these projects. Infrastructure New Zealand is primarily interested

138
00:07:55,760 --> 00:08:01,120
Speaker 6: in the building of decent infrastructure for Kiwis, Gary Raises

139
00:08:02,000 --> 00:08:05,880
Speaker 6: points and other people who have opposed us raised fairpoint.

140
00:08:06,600 --> 00:08:09,200
Speaker 6: We've got to ensure that the right checks and balances

141
00:08:09,240 --> 00:08:11,520
Speaker 6: are in place. And I would say this as well, Jack,

142
00:08:11,600 --> 00:08:15,000
Speaker 6: that this is a stop gap until we can get

143
00:08:15,120 --> 00:08:18,680
Speaker 6: to that review of the RNA and the venture replacement,

144
00:08:18,760 --> 00:08:22,400
Speaker 6: and that's something that's really worth emphasizing. But we can't

145
00:08:22,520 --> 00:08:27,960
Speaker 6: afford to pause progress because the country's social and economic

146
00:08:28,040 --> 00:08:30,680
Speaker 6: and productivity future relies on us being able to get

147
00:08:30,680 --> 00:08:32,800
Speaker 6: some stuff done in the near to medium term.

148
00:08:33,160 --> 00:08:36,360
Speaker 3: Let me turn that round then on Gary, just finally, then,

149
00:08:36,600 --> 00:08:40,880
Speaker 3: what do you think about having this bill operating in

150
00:08:40,960 --> 00:08:44,040
Speaker 3: practice with that expert panel in place? What will make

151
00:08:44,120 --> 00:08:46,120
Speaker 3: it work better from your perspective?

152
00:08:46,760 --> 00:08:49,480
Speaker 4: I'd make three quick points. So the first is that

153
00:08:49,520 --> 00:08:52,760
Speaker 4: we already have fast trapped law in place. Over eighty

154
00:08:52,840 --> 00:08:56,840
Speaker 4: projects have been approved, including a lot of infrastructure projects,

155
00:08:57,040 --> 00:09:00,320
Speaker 4: an average time for decision making of eighty eight days.

156
00:09:01,480 --> 00:09:04,439
Speaker 4: The only difference with this point, which is my second one,

157
00:09:04,480 --> 00:09:08,120
Speaker 4: with this law is that it actually covers other legislation

158
00:09:08,240 --> 00:09:11,319
Speaker 4: as well as the ROMA, so the Conservation Act, the

159
00:09:11,360 --> 00:09:15,880
Speaker 4: Wildlife Act, and so on. That arguably is a good thing.

160
00:09:15,960 --> 00:09:18,920
Speaker 4: I suppose a one stop shop. But the third and

161
00:09:19,000 --> 00:09:22,240
Speaker 4: most important point, and here I do disagree with Nick,

162
00:09:22,840 --> 00:09:27,520
Speaker 4: is that there's an implicit heavy bias against the environment

163
00:09:27,679 --> 00:09:30,680
Speaker 4: and in favor of development the way that this bill

164
00:09:30,760 --> 00:09:33,320
Speaker 4: is drafted at present. And if you want to take

165
00:09:33,400 --> 00:09:37,400
Speaker 4: the kind of emotional pitch that you included in your

166
00:09:37,559 --> 00:09:41,560
Speaker 4: editorial at the start, here, yes, it's really important that

167
00:09:41,559 --> 00:09:44,560
Speaker 4: we clean up the oil spill in Samoa. But it's

168
00:09:44,600 --> 00:09:48,080
Speaker 4: also really important that we look after our environment in

169
00:09:48,120 --> 00:09:48,760
Speaker 4: this country.

170
00:09:49,280 --> 00:09:51,480
Speaker 3: Hey, thank you both for your time. We really appreciate it.

171
00:09:51,559 --> 00:09:53,240
Speaker 3: Gary Taylor and leget there.

172
00:09:53,320 --> 00:09:53,560
Speaker 6: Jack.

173
00:09:53,600 --> 00:09:57,800
Speaker 3: Thanks for Jack. Thanks for your comment this afternoon regarding

174
00:09:57,800 --> 00:09:59,800
Speaker 3: the monomenui. The truth is we can't afford to come

175
00:10:00,920 --> 00:10:03,360
Speaker 3: whatever happened to all of the warships that are still

176
00:10:03,400 --> 00:10:05,040
Speaker 3: on the bottom of the ocean. Sad as it is,

177
00:10:05,040 --> 00:10:08,080
Speaker 3: you've got to leave it there, says Kate. Nah totally disagree. Well, look,

178
00:10:08,160 --> 00:10:10,199
Speaker 3: here's the thing, we just don't know. We don't know

179
00:10:10,240 --> 00:10:12,440
Speaker 3: about the status of the of the money, the new

180
00:10:12,600 --> 00:10:16,600
Speaker 3: as it stands. We don't know about the likelihood of

181
00:10:16,640 --> 00:10:20,760
Speaker 3: some salvage operation. Clearly, it's complex. It's on a reef,

182
00:10:20,920 --> 00:10:23,160
Speaker 3: it's in what is supposed to be an area that's

183
00:10:23,160 --> 00:10:25,560
Speaker 3: supposed to have environmental protection. So there are all sorts

184
00:10:25,559 --> 00:10:26,960
Speaker 3: of things that have to be weighed up. But I

185
00:10:26,960 --> 00:10:28,640
Speaker 3: think at the very least we owe it to Sarmor

186
00:10:28,760 --> 00:10:31,040
Speaker 3: to do our very best and spend every last dollar

187
00:10:31,080 --> 00:10:34,400
Speaker 3: we can in order to try and reduce the environmental impact.

188
00:10:34,480 --> 00:10:36,920
Speaker 3: Ninety two ninety two is the text number seventeen past four.

189
00:10:37,800 --> 00:10:41,079
Speaker 1: Digging deeper into the day's headlines, it's Heather Duper c

190
00:10:41,240 --> 00:10:45,120
Speaker 1: Allen Drive with one New Zealand one Giant Leaf for business,

191
00:10:45,280 --> 00:10:49,520
Speaker 1: used Dogs, b Sport with tab get your bed on

192
00:10:50,000 --> 00:10:51,520
Speaker 1: R eighteen bet responsibly.

193
00:10:52,160 --> 00:10:54,480
Speaker 3: The all back squad has been named for the end

194
00:10:54,480 --> 00:10:57,040
Speaker 3: of year tour. Cam Roy Guard is in there at

195
00:10:57,040 --> 00:10:59,680
Speaker 3: Noah Hotham's expense Sports Talk hoast. Jason Pine is with

196
00:10:59,800 --> 00:11:03,400
Speaker 3: us the afternoon Calder Parney Killer Jack. No major surprises

197
00:11:03,480 --> 00:11:05,600
Speaker 3: right now after cam Roy Guard got through the weekend

198
00:11:05,640 --> 00:11:07,480
Speaker 3: and look good at the weekend, I think we all

199
00:11:07,520 --> 00:11:09,640
Speaker 3: expect him to be in the squad, yep, yep.

200
00:11:09,679 --> 00:11:11,440
Speaker 7: And I think the only question was whether he would

201
00:11:11,440 --> 00:11:13,600
Speaker 7: come in for Noah Hotham or TJ pet and Uda.

202
00:11:14,160 --> 00:11:17,200
Speaker 7: You know, do you stay with the tried and true

203
00:11:17,440 --> 00:11:19,760
Speaker 7: or do you make this the time that you start

204
00:11:19,800 --> 00:11:21,840
Speaker 7: looking to the future. I think this is the right decision.

205
00:11:22,120 --> 00:11:23,839
Speaker 7: You and I spoke about this over the weekend. I think,

206
00:11:23,880 --> 00:11:28,400
Speaker 7: and look, if you don't take TJ, you're basically as

207
00:11:28,440 --> 00:11:32,120
Speaker 7: your half backs have. Cameroy Guard five tests, Cortez Ratama

208
00:11:32,200 --> 00:11:35,480
Speaker 7: eight tests, Noah Hotham half a test that that's where

209
00:11:35,480 --> 00:11:38,959
Speaker 7: you are with the with the half back cohort. And

210
00:11:39,320 --> 00:11:41,199
Speaker 7: I think also Noah Hotham will be named in the

211
00:11:41,200 --> 00:11:44,160
Speaker 7: All Blacks fifteen tomorrow the squad for games against Georgia

212
00:11:44,200 --> 00:11:47,079
Speaker 7: and Munster and will play both of those games, whereas

213
00:11:47,080 --> 00:11:49,640
Speaker 7: he may not with Roy Guard and Ratimo ahead of him,

214
00:11:49,800 --> 00:11:51,400
Speaker 7: have got any games at all on the Northern Tour,

215
00:11:51,480 --> 00:11:53,280
Speaker 7: or very few of them. So I think this is

216
00:11:53,280 --> 00:11:56,040
Speaker 7: the right decision. Same with sam Kin, even though he's

217
00:11:56,080 --> 00:11:57,960
Speaker 7: also going at the end of the year. I think

218
00:11:58,000 --> 00:12:00,520
Speaker 7: taking both Kane and Petanada is the right thing to do.

219
00:12:00,720 --> 00:12:06,000
Speaker 3: Black Ferns conceded nine tries against the time tries.

220
00:12:06,240 --> 00:12:09,640
Speaker 7: Yes, yeah, and a year out from the next World Cup,

221
00:12:10,600 --> 00:12:12,320
Speaker 7: there's a bit of work to do for Allen Bunting

222
00:12:12,440 --> 00:12:16,120
Speaker 7: and that team. The only so sceric of light at

223
00:12:16,120 --> 00:12:17,600
Speaker 7: the end of the tunnel, Jack is that you remember

224
00:12:17,640 --> 00:12:19,920
Speaker 7: a year out from the last World Cup they had

225
00:12:20,120 --> 00:12:22,960
Speaker 7: four straight losses to France twice and England twice. But

226
00:12:23,080 --> 00:12:25,680
Speaker 7: on that occasion they made a coaching change, brought in

227
00:12:25,760 --> 00:12:29,000
Speaker 7: the professor Wayne Smith and turned things around there. I

228
00:12:29,040 --> 00:12:31,600
Speaker 7: don't think they're gonna punt the coaches this time. That

229
00:12:31,760 --> 00:12:35,280
Speaker 7: was due in part to a cultural difference inside the

230
00:12:35,320 --> 00:12:37,880
Speaker 7: squad that doesn't seem to exist now. But there were

231
00:12:38,440 --> 00:12:40,680
Speaker 7: Well that's that's three straight losses now, wasn't it England,

232
00:12:40,720 --> 00:12:43,920
Speaker 7: Ireland England again? They got France to play in a

233
00:12:43,920 --> 00:12:46,760
Speaker 7: week or so. Yeah, there's some work to do twelve

234
00:12:46,800 --> 00:12:48,720
Speaker 7: months out if they even make the World Cup final,

235
00:12:48,840 --> 00:12:50,160
Speaker 7: let alone try and defend that title.

236
00:12:51,120 --> 00:12:52,839
Speaker 3: Do you sometimes wonder what would have happened if I

237
00:12:52,880 --> 00:12:55,640
Speaker 3: haven't Cleary had stuck around with the Warriors, Yes, sir,

238
00:12:56,000 --> 00:12:56,719
Speaker 3: I often do.

239
00:12:57,240 --> 00:12:59,080
Speaker 7: I mean, I'm a big league, but when I do

240
00:12:59,120 --> 00:13:00,800
Speaker 7: think league, that's off And one of the things I

241
00:13:00,840 --> 00:13:04,000
Speaker 7: think about, I mean, what a dynasty, What a dynasty.

242
00:13:04,000 --> 00:13:06,280
Speaker 7: It's hard enough to win the NRL. Let alone went

243
00:13:06,280 --> 00:13:08,360
Speaker 7: it back to back. They've won it four times in

244
00:13:08,400 --> 00:13:11,040
Speaker 7: a row. Credible in a salary cap league, that is

245
00:13:11,240 --> 00:13:14,040
Speaker 7: just astonishing that they can do that against you know,

246
00:13:14,080 --> 00:13:16,160
Speaker 7: some good teams and a particularly good team in the

247
00:13:16,160 --> 00:13:19,280
Speaker 7: Melbourne Storm. Yeah, just like I don't think there's any

248
00:13:19,320 --> 00:13:21,640
Speaker 7: question now the greatest rugby league team of the modern

249
00:13:21,679 --> 00:13:24,360
Speaker 7: era for in a row jacket just speaks for itself.

250
00:13:24,400 --> 00:13:26,760
Speaker 3: Totally agree, totally agree, Thank you very much, sir. Jason

251
00:13:26,760 --> 00:13:28,920
Speaker 3: Pine behind the mic for Sports Talk from seven o'clock

252
00:13:28,960 --> 00:13:30,800
Speaker 3: this evening. Thank you very much for your feedback. Bryan's

253
00:13:30,880 --> 00:13:35,080
Speaker 3: is Jack. It's inconceivable, inconceivable how a survey ship with

254
00:13:35,120 --> 00:13:39,000
Speaker 3: sophisticated equipment to map the sea floor could run aground. Jack.

255
00:13:39,040 --> 00:13:41,280
Speaker 3: I've been in the NZD for nearly thirty years. We

256
00:13:41,360 --> 00:13:43,640
Speaker 3: are broken. Years of underfunding has meant we are now

257
00:13:43,720 --> 00:13:46,480
Speaker 3: force that cannot effectively train or maintain standards. We are

258
00:13:46,520 --> 00:13:48,800
Speaker 3: combat ineffective. Thank you for your feedback. I'll get more

259
00:13:48,800 --> 00:13:51,720
Speaker 3: of that soon. Twenty three minutes past four, Jack Tayman

260
00:13:51,760 --> 00:13:52,600
Speaker 3: on News Talks. He'd be.

261
00:13:54,400 --> 00:13:56,960
Speaker 1: On your smart speaker, on the iHeart app, and in

262
00:13:57,040 --> 00:14:00,240
Speaker 1: your car on your drive home. It's Jack Team on

263
00:14:00,320 --> 00:14:03,920
Speaker 1: Heather duplicy Alan drive with one New Zealand. Let's get

264
00:14:03,920 --> 00:14:05,640
Speaker 1: connected and news talk as they'd be.

265
00:14:06,040 --> 00:14:07,880
Speaker 3: Simon's flicking me a note to say, Jack, my four

266
00:14:07,920 --> 00:14:10,720
Speaker 3: beers who helped build the dams, the roads, power, water

267
00:14:10,760 --> 00:14:13,319
Speaker 3: and infrastructure of New Zealand did not sit around winging

268
00:14:13,360 --> 00:14:16,720
Speaker 3: about us being too small to do so. Jack, I

269
00:14:16,760 --> 00:14:19,680
Speaker 3: reckon this terrible situation with our naval ship is a

270
00:14:19,680 --> 00:14:22,400
Speaker 3: great opportunity for another country, perhaps the USA, to come

271
00:14:22,440 --> 00:14:24,840
Speaker 3: to the rescue of US and sar Moor and show

272
00:14:24,840 --> 00:14:27,520
Speaker 3: their value to the Pacific and jack. Any cleanup that

273
00:14:27,560 --> 00:14:29,680
Speaker 3: goes ahead, says Gerrard, would have to go through the

274
00:14:29,680 --> 00:14:32,400
Speaker 3: process of due diligence. First, of course, no point spending

275
00:14:32,680 --> 00:14:34,760
Speaker 3: tens of millions on a salvage if it's not going

276
00:14:34,800 --> 00:14:36,600
Speaker 3: to make a difference, or if it is going to

277
00:14:36,600 --> 00:14:38,240
Speaker 3: make things worse. We are going to give you the

278
00:14:38,320 --> 00:14:40,920
Speaker 3: very latest on the situation with the monument and after

279
00:14:40,960 --> 00:14:42,760
Speaker 3: five o'clock. This is my take. A day and a

280
00:14:42,800 --> 00:14:45,760
Speaker 3: half in, I found it very hard to get information

281
00:14:45,880 --> 00:14:48,600
Speaker 3: on the environmental status of the whole thing, like it

282
00:14:48,680 --> 00:14:50,600
Speaker 3: just I mean, that seems like such an obvious question.

283
00:14:51,000 --> 00:14:53,080
Speaker 3: Is there a big oil spur? What's happening? Is it

284
00:14:53,160 --> 00:14:55,440
Speaker 3: leaching chemicals into the ocean all over the reef? I

285
00:14:55,480 --> 00:14:58,880
Speaker 3: have personally found it really, really difficult to get that information.

286
00:14:58,960 --> 00:15:00,320
Speaker 3: So we're going to see if we can get you

287
00:15:00,360 --> 00:15:02,240
Speaker 3: some of the inphone and find out what the actual

288
00:15:02,280 --> 00:15:05,600
Speaker 3: status of the ship is right now after five o'clock.

289
00:15:06,480 --> 00:15:07,840
Speaker 3: As well as that, we're going to take you to

290
00:15:07,960 --> 00:15:11,920
Speaker 3: astraya Plus, Chris Luckson has just made his first trip

291
00:15:11,960 --> 00:15:15,440
Speaker 3: to Dunedin in quite some time. The last time he

292
00:15:15,480 --> 00:15:17,600
Speaker 3: was there was fourteen months ago. He was down there

293
00:15:17,600 --> 00:15:19,160
Speaker 3: responding to the floods. He says he was going to

294
00:15:19,160 --> 00:15:20,440
Speaker 3: be going there in the next few weeks, but of

295
00:15:20,440 --> 00:15:23,480
Speaker 3: course the protesters have all turned out to make their

296
00:15:23,560 --> 00:15:27,040
Speaker 3: views on the Dunedin hospital plans very well known. It's

297
00:15:27,040 --> 00:15:29,240
Speaker 3: almost four thirty. News is next, Give a jacktame On

298
00:15:29,280 --> 00:15:30,200
Speaker 3: newstalg ZDB.

299
00:15:34,000 --> 00:15:37,080
Speaker 2: Jack tame cutting through the noise to get the facts.

300
00:15:37,200 --> 00:15:41,040
Speaker 1: It's Jack tame On, Heather Duplicy Ellen Drive with one

301
00:15:41,080 --> 00:15:44,239
Speaker 1: New Zealand let's get connected News Talk seb.

302
00:15:50,880 --> 00:15:52,080
Speaker 2: Plus Kissinger.

303
00:15:55,160 --> 00:16:02,360
Speaker 3: They'd be not sure if you saw cam roy Gard

304
00:16:02,400 --> 00:16:06,000
Speaker 3: at the weekend for Counties against Manoa two was it

305
00:16:06,120 --> 00:16:08,600
Speaker 3: just looks so good? Do you always think after you've

306
00:16:08,600 --> 00:16:10,680
Speaker 3: been away from a long injury break like that? I

307
00:16:10,720 --> 00:16:12,040
Speaker 3: mean you imagine what the nerves are like?

308
00:16:12,120 --> 00:16:12,240
Speaker 8: Right?

309
00:16:12,280 --> 00:16:15,360
Speaker 3: Can you trust everything? Can you trust everything? Turns out

310
00:16:15,400 --> 00:16:17,680
Speaker 3: he could trust everything a couple of cracking tries, so

311
00:16:17,800 --> 00:16:19,920
Speaker 3: no great surprise that he was named in Scott Robertson's

312
00:16:20,240 --> 00:16:22,520
Speaker 3: squad for the Northern tour. After five o'clock will take

313
00:16:22,560 --> 00:16:24,440
Speaker 3: you to Sir John Coup and get his thoughts on

314
00:16:24,480 --> 00:16:27,160
Speaker 3: that and the All Vicks Prospect heading into the latter

315
00:16:27,520 --> 00:16:31,160
Speaker 3: Stanza of twenty twenty four. Right now it is twenty

316
00:16:31,160 --> 00:16:32,280
Speaker 3: four minutes to five.

317
00:16:32,800 --> 00:16:36,080
Speaker 2: It's the world wires, on news talks. It'd be drive.

318
00:16:36,920 --> 00:16:40,000
Speaker 3: It's been a year since last year's October seven terror

319
00:16:40,000 --> 00:16:43,080
Speaker 3: attacks and it's been mark world wide by rallies and protests.

320
00:16:43,480 --> 00:16:46,760
Speaker 3: Thousands gathered in London's Hyde Park to commemorate the date,

321
00:16:46,800 --> 00:16:48,400
Speaker 3: and one of the speakers there was a woman whose

322
00:16:48,480 --> 00:16:51,880
Speaker 3: daughter has been held hosted by Hamas since those attacks.

323
00:16:52,360 --> 00:16:55,880
Speaker 9: A beautiful, funny and brave daughter who I love to

324
00:16:55,960 --> 00:16:59,840
Speaker 9: the moon them back, deserves to come home. I need

325
00:16:59,840 --> 00:17:02,840
Speaker 9: to Hargo again and I need to see her smile.

326
00:17:03,720 --> 00:17:07,159
Speaker 3: Just ten days after Hurricane Helene ripped through the southeast

327
00:17:07,200 --> 00:17:11,280
Speaker 3: of the United States, another hurricane, Hurricane Milton, is set

328
00:17:11,320 --> 00:17:15,040
Speaker 3: to hit Florida's west coast this week. Governor Ron DeSantis

329
00:17:15,080 --> 00:17:17,879
Speaker 3: warned residents today that time is ticking.

330
00:17:18,119 --> 00:17:22,119
Speaker 10: Today and Monday to be able to prepare and to

331
00:17:22,160 --> 00:17:26,080
Speaker 10: be able to take whatever actions that you deem appropriate.

332
00:17:26,440 --> 00:17:29,280
Speaker 3: Hurricane Helene's death toll is now two hundred and twenty

333
00:17:29,320 --> 00:17:33,119
Speaker 3: five people, which makes it the deadliest mainland storm in

334
00:17:33,160 --> 00:17:41,959
Speaker 3: the US since Hurricane Katrina and a Russian Leonardo DiCaprio

335
00:17:42,080 --> 00:17:44,240
Speaker 3: look alike has lost his job as a model because

336
00:17:44,240 --> 00:17:48,680
Speaker 3: he's now too fat to play the Hollywood superstar Brian Hayfield.

337
00:17:49,240 --> 00:17:52,159
Speaker 3: Roman burst ev Will was apparently bursting at the seams

338
00:17:52,800 --> 00:17:55,720
Speaker 3: burst Eving at the seams, made quite a career pretending

339
00:17:56,000 --> 00:17:58,600
Speaker 3: that he was Leonardo DiCaprio, But when the pandemic had

340
00:17:58,640 --> 00:18:00,920
Speaker 3: he started to put on a few cares again not

341
00:18:01,040 --> 00:18:05,600
Speaker 3: the only one Roman. Now, like most unemployed Russian people

342
00:18:05,840 --> 00:18:08,000
Speaker 3: get this though, he has to go off and fight

343
00:18:08,240 --> 00:18:12,080
Speaker 3: in Ukraine. Rough right now, it is twenty three to.

344
00:18:12,160 --> 00:18:16,680
Speaker 1: Five International Correspondence with Ends and Eye Insurance, Feace of

345
00:18:16,760 --> 00:18:19,040
Speaker 1: Mind for New Zealand Business and.

346
00:18:19,160 --> 00:18:22,600
Speaker 3: Six the Perth Life presenter Olli Peterson is with us

347
00:18:22,640 --> 00:18:25,920
Speaker 3: this afternoon. Killt Oli, get a Jack. So it is

348
00:18:26,040 --> 00:18:30,800
Speaker 3: the October seventh anniversary and the first repatriation flight from

349
00:18:30,880 --> 00:18:32,480
Speaker 3: Lebanon are touching down today.

350
00:18:33,560 --> 00:18:36,119
Speaker 11: Yeah, that's going to land just after seven o'clock tonight

351
00:18:36,280 --> 00:18:39,080
Speaker 11: Sydney time. There's about two hundred people on board. They

352
00:18:39,119 --> 00:18:42,199
Speaker 11: left Lebanon, went to Cyprus. It's one of two flights

353
00:18:42,200 --> 00:18:44,600
Speaker 11: which is being operated by Quantus on behalf of the

354
00:18:44,680 --> 00:18:49,040
Speaker 11: Australian government, so they're flying back to Australia free of charge.

355
00:18:49,280 --> 00:18:51,760
Speaker 11: There's expected to be another three hundred odd passengers on

356
00:18:51,840 --> 00:18:53,640
Speaker 11: the other flight, which is due to touch jet down

357
00:18:53,720 --> 00:18:54,680
Speaker 11: on Wednesday.

358
00:18:55,800 --> 00:18:57,960
Speaker 3: These flights, there's still plenty.

359
00:18:57,760 --> 00:19:00,080
Speaker 11: Of people in Lebanon, plenty of Australians in Lebanon at

360
00:19:00,119 --> 00:19:02,400
Speaker 11: the moment saying they're unable to get out of the country. Yeah,

361
00:19:02,640 --> 00:19:05,399
Speaker 11: unable to get to Cyprus and get onto these Mercy

362
00:19:05,440 --> 00:19:07,919
Speaker 11: flights back to Australia. But at this stage there are

363
00:19:07,960 --> 00:19:11,080
Speaker 11: no other plans for additional flights. But I mean it's

364
00:19:11,080 --> 00:19:13,680
Speaker 11: obviously a moving beast at the moment, so there could

365
00:19:13,680 --> 00:19:15,040
Speaker 11: be other announcements later in the week.

366
00:19:15,200 --> 00:19:17,159
Speaker 3: Just just talk to us about things on the ground today,

367
00:19:17,240 --> 00:19:20,119
Speaker 3: because I know there was a lot of contention heading

368
00:19:20,160 --> 00:19:23,080
Speaker 3: into the anniversary about protests around the country, you know,

369
00:19:23,160 --> 00:19:26,080
Speaker 3: particularly in Sydney. I think at one stage the police

370
00:19:26,080 --> 00:19:27,639
Speaker 3: said they didn't want them to go ahead, and then

371
00:19:27,680 --> 00:19:29,159
Speaker 3: they were lent and said no, maybe there's a good

372
00:19:29,160 --> 00:19:30,960
Speaker 3: idea that they go ahead. How have things been so

373
00:19:31,119 --> 00:19:31,639
Speaker 3: far today?

374
00:19:32,520 --> 00:19:35,760
Speaker 11: So so far things haven't really kicked into gear, and

375
00:19:35,840 --> 00:19:39,119
Speaker 11: it's meant to be later this afternoon in Sydney. We

376
00:19:40,880 --> 00:19:43,680
Speaker 11: saw some protests around the nation over the weekend. Here

377
00:19:43,720 --> 00:19:46,280
Speaker 11: where I am in Perth, there was about three hundred

378
00:19:46,320 --> 00:19:48,359
Speaker 11: or so people that gathered in the middle of our

379
00:19:48,440 --> 00:19:50,320
Speaker 11: CBD on Saturday afternoon.

380
00:19:50,359 --> 00:19:51,480
Speaker 3: It was mostly peaceful.

381
00:19:51,520 --> 00:19:54,560
Speaker 11: There was one particular protester who was carrying with them

382
00:19:55,160 --> 00:19:58,840
Speaker 11: a particular placard with the face of a Hesbala leader

383
00:19:58,840 --> 00:20:01,760
Speaker 11: and was asked to remove that police. Locally there's been

384
00:20:01,800 --> 00:20:03,359
Speaker 11: a bit of to and fro about whether or not

385
00:20:03,400 --> 00:20:06,080
Speaker 11: that person should have been arrested. But I do worry

386
00:20:06,080 --> 00:20:08,120
Speaker 11: about what might happen in Sydney this afternoon because it's

387
00:20:08,119 --> 00:20:11,520
Speaker 11: not just people who are joining the cause on behalf

388
00:20:11,560 --> 00:20:15,879
Speaker 11: of being say pro Palestinian protesters. It's looping in a

389
00:20:15,960 --> 00:20:19,000
Speaker 11: lot of other groups jack for causes that have absolutely

390
00:20:19,119 --> 00:20:21,240
Speaker 11: nothing to do with anything in the Middle East. I

391
00:20:21,280 --> 00:20:23,639
Speaker 11: think there's a few professional protesters taking advantage of the

392
00:20:23,680 --> 00:20:26,400
Speaker 11: fact in Sydney today it is the Queen or stop

393
00:20:26,480 --> 00:20:30,199
Speaker 11: the Queen anymore as it's King Charles's holiday birthday weekend,

394
00:20:30,359 --> 00:20:32,040
Speaker 11: so they're going to make the most of protesting this

395
00:20:32,160 --> 00:20:33,320
Speaker 11: afternoon in the CBDs.

396
00:20:33,560 --> 00:20:35,840
Speaker 3: Yeah, yeah, I can imagine that that is going to

397
00:20:35,880 --> 00:20:37,440
Speaker 3: be a huge event, so we'll keep a close eye

398
00:20:37,520 --> 00:20:41,480
Speaker 3: on things there. Hey, working from home days are numbered.

399
00:20:41,960 --> 00:20:45,160
Speaker 3: Bosses are audited staff back in yeah.

400
00:20:45,080 --> 00:20:48,679
Speaker 11: Dell all the computer giant and flight center telling all

401
00:20:48,720 --> 00:20:50,080
Speaker 11: the stuff they got to come back to work.

402
00:20:50,119 --> 00:20:51,760
Speaker 3: And in fact, there was a only a couple of

403
00:20:51,800 --> 00:20:52,240
Speaker 3: weeks ago.

404
00:20:52,359 --> 00:20:55,600
Speaker 11: KPMG Australia said that eighty two percent of CEOs believe

405
00:20:55,720 --> 00:20:58,359
Speaker 11: everybody will be back in the office by twenty twenty seven.

406
00:20:58,680 --> 00:21:01,080
Speaker 3: We're almost getting announcement.

407
00:21:00,400 --> 00:21:03,000
Speaker 11: From lots of different businesses at the moment that they're

408
00:21:03,040 --> 00:21:06,040
Speaker 11: telling their staff to come back to work. But interestingly

409
00:21:06,640 --> 00:21:10,040
Speaker 11: a lot of public sector workers are starting to find

410
00:21:10,080 --> 00:21:14,040
Speaker 11: in their latest pay and enterprise bargaining agreements that in

411
00:21:14,119 --> 00:21:17,640
Speaker 11: fact they're being offered nine day work fortnights to try

412
00:21:17,720 --> 00:21:18,760
Speaker 11: and retain the staff.

413
00:21:18,840 --> 00:21:20,480
Speaker 3: Now they're being told they'll have.

414
00:21:20,480 --> 00:21:22,359
Speaker 11: To work more so in extra forty five minutes per

415
00:21:22,480 --> 00:21:25,560
Speaker 11: day to access that second Friday off every other week.

416
00:21:25,960 --> 00:21:27,639
Speaker 3: But maybe that's going to be the compromise here.

417
00:21:27,680 --> 00:21:29,480
Speaker 11: If staff have to go back to the office, they'll

418
00:21:29,480 --> 00:21:32,080
Speaker 11: be able to negotiate these ideas of Okay, I'll come.

419
00:21:31,960 --> 00:21:34,600
Speaker 3: Back, but I don't want to be there every Wednesday

420
00:21:34,640 --> 00:21:36,080
Speaker 3: and you know, eventually I don't want to be there

421
00:21:36,119 --> 00:21:39,479
Speaker 3: every Thursday. Would you do the forty five a day

422
00:21:39,520 --> 00:21:41,920
Speaker 3: for a day off every fortnight? Well, I mean, we

423
00:21:41,960 --> 00:21:43,119
Speaker 3: can't do it in this game, can we?

424
00:21:43,359 --> 00:21:45,760
Speaker 11: But if I was doing something else, yeah, I'm mean

425
00:21:45,760 --> 00:21:47,479
Speaker 11: happy would it be having every second findal off?

426
00:21:47,560 --> 00:21:48,400
Speaker 12: Like good luck to them?

427
00:21:48,680 --> 00:21:48,920
Speaker 2: Yeah?

428
00:21:49,480 --> 00:21:52,000
Speaker 3: Yeah, I don't know. I mean it's interesting that they're

429
00:21:52,040 --> 00:21:53,600
Speaker 3: offering that. I mean that the order for the public

430
00:21:53,640 --> 00:21:55,720
Speaker 3: service here's not an order, but in a directive is

431
00:21:55,760 --> 00:21:57,879
Speaker 3: that you know, they're expecting a few more people to

432
00:21:57,920 --> 00:22:00,080
Speaker 3: be back in the office than perhaps have been in

433
00:22:00,240 --> 00:22:02,359
Speaker 3: the post COVID era. You sort of get the sense

434
00:22:02,359 --> 00:22:04,560
Speaker 3: that this is not something you know, this is this

435
00:22:04,720 --> 00:22:07,360
Speaker 3: is kind of sweeping into the public sick that, having

436
00:22:07,480 --> 00:22:09,880
Speaker 3: already been instituted in the private sect the some time ago.

437
00:22:11,200 --> 00:22:14,440
Speaker 3: The NRL expansion plans are on ice, at least for

438
00:22:14,520 --> 00:22:17,160
Speaker 3: some of the teams, because the dollars don't add up. Well,

439
00:22:17,280 --> 00:22:18,359
Speaker 3: this is what it looks like.

440
00:22:18,480 --> 00:22:20,719
Speaker 11: It was very interesting Grand Final Day, obviously in all

441
00:22:20,760 --> 00:22:23,040
Speaker 11: the action on the Panthers beating the storm, but what

442
00:22:23,200 --> 00:22:25,960
Speaker 11: was actually happening off the field was Peter Velandi's the

443
00:22:26,040 --> 00:22:30,080
Speaker 11: chair of the aar LC was holding all these different

444
00:22:30,119 --> 00:22:32,800
Speaker 11: interviews and all these radio stations around Sydney, and obviously

445
00:22:32,840 --> 00:22:34,040
Speaker 11: we have a bit of skin in the game over

446
00:22:34,119 --> 00:22:36,560
Speaker 11: here in Perth because they're about to revive the Bears

447
00:22:37,600 --> 00:22:39,560
Speaker 11: from North Sydney and make them the Western Bears. And

448
00:22:39,640 --> 00:22:41,920
Speaker 11: we were look, we all sort of given the nod nod, wink,

449
00:22:42,000 --> 00:22:44,080
Speaker 11: wink wink. Hey this this is going to happen like

450
00:22:44,320 --> 00:22:46,560
Speaker 11: this is an announcement coming this week. All of a suddenly,

451
00:22:46,560 --> 00:22:48,640
Speaker 11: he reckons it doesn't stack up. The finances are not there.

452
00:22:49,600 --> 00:22:51,240
Speaker 11: That's the Perth bid, he says. All the other bids

453
00:22:51,280 --> 00:22:53,159
Speaker 11: aren't really stacking up. The only one that's stacking up

454
00:22:53,640 --> 00:22:55,439
Speaker 11: is the bid from Poppy and New Guinea whenever went

455
00:22:55,560 --> 00:22:58,440
Speaker 11: underwritten by the federal government. The chinnis six hundred million dollars.

456
00:22:59,359 --> 00:23:01,639
Speaker 3: It's going to stack yeah, yeah, yeah, yeah, but the

457
00:23:01,840 --> 00:23:03,640
Speaker 3: but Perth is not going to be getting its team.

458
00:23:04,880 --> 00:23:07,720
Speaker 11: We don't know, we don't Frantically, I was talking today

459
00:23:07,760 --> 00:23:10,960
Speaker 11: to the beer organizers and they're saying, no, we're still negotiating.

460
00:23:10,960 --> 00:23:11,880
Speaker 3: I think it's going to be on track.

461
00:23:11,920 --> 00:23:13,600
Speaker 11: I think they can just try and sense they can

462
00:23:13,640 --> 00:23:15,399
Speaker 11: get a few more dollars out of either of the

463
00:23:15,720 --> 00:23:18,200
Speaker 11: state government here or the you know, the co sponsorship

464
00:23:18,240 --> 00:23:21,399
Speaker 11: between the North Sydney Bears and the w A bid teams.

465
00:23:21,520 --> 00:23:24,680
Speaker 11: So it'll be very interesting. But maybe maybe the finances

466
00:23:24,680 --> 00:23:26,960
Speaker 11: don't stack up. Maybe the broadcasters don't want to pay

467
00:23:27,000 --> 00:23:30,160
Speaker 11: as much money for extra content, for extra rugby league matches.

468
00:23:30,160 --> 00:23:32,879
Speaker 3: It's yeah, that's interesting. So because you know how in

469
00:23:32,920 --> 00:23:37,120
Speaker 3: different cities and states like the the sporting tastes differ

470
00:23:37,200 --> 00:23:42,040
Speaker 3: substantially Australia, So your Victoria tastes quite different to your

471
00:23:42,080 --> 00:23:45,040
Speaker 3: Sydney taste, et cetera, et cetera. Well, can you just

472
00:23:45,080 --> 00:23:47,520
Speaker 3: give us the top three sports in terms of winter

473
00:23:47,640 --> 00:23:50,000
Speaker 3: popularity in Perth? Do you think, like where would rugby

474
00:23:50,080 --> 00:23:53,200
Speaker 3: league rank? Would that be one or two? No, it's

475
00:23:53,240 --> 00:23:56,800
Speaker 3: AFL one, two and three. It's an AFL town massively,

476
00:23:56,840 --> 00:24:00,440
Speaker 3: it's huge. See, so they'd almost be beter off just

477
00:24:00,480 --> 00:24:03,920
Speaker 3: putting another team in Sydney right, well in some ways,

478
00:24:03,960 --> 00:24:05,639
Speaker 3: but I mean you look at the success obviously of

479
00:24:05,720 --> 00:24:07,320
Speaker 3: the Warriors in terms.

480
00:24:07,080 --> 00:24:11,880
Speaker 11: Of you pack Yeah, yet stadium, I should say every

481
00:24:11,880 --> 00:24:13,879
Speaker 11: single week you pack it. Now, we could pack our

482
00:24:13,960 --> 00:24:16,239
Speaker 11: stadium here at twenty five thousand every week as well.

483
00:24:16,240 --> 00:24:18,800
Speaker 3: I know the South Island team wants to enter the competition,

484
00:24:18,960 --> 00:24:21,720
Speaker 3: but if you want to be a truly national game, and.

485
00:24:21,760 --> 00:24:23,400
Speaker 11: There's a lot of five over, A lot of people

486
00:24:23,440 --> 00:24:26,159
Speaker 11: have moved into Western Australia out of Queensland and New

487
00:24:26,200 --> 00:24:28,879
Speaker 11: South Wales where they're born and bred rugby league diets.

488
00:24:28,920 --> 00:24:29,480
Speaker 3: They would love it.

489
00:24:29,560 --> 00:24:31,600
Speaker 11: It would work here. It genuinely would work here and

490
00:24:31,680 --> 00:24:33,760
Speaker 11: give you an extra time zone. But it's just interesting

491
00:24:34,080 --> 00:24:36,960
Speaker 11: eleventh hour. Something else seems to be up because the

492
00:24:37,320 --> 00:24:39,760
Speaker 11: bid team. So mate, there's no problem with finances, they're

493
00:24:39,800 --> 00:24:40,840
Speaker 11: just changing the goalposts.

494
00:24:40,920 --> 00:24:43,720
Speaker 3: Yeah right, this makes sense. Okay, thanks Olly, appreciate your time,

495
00:24:44,160 --> 00:24:46,800
Speaker 3: Jack Sea. Mate. There is Ollie Peterson from six PR

496
00:24:47,080 --> 00:24:49,360
Speaker 3: Perth Live. Thank you for your feedback.

497
00:24:50,000 --> 00:24:50,200
Speaker 8: Jack.

498
00:24:50,320 --> 00:24:52,000
Speaker 3: Just been talking to my sister in Florida with the

499
00:24:52,040 --> 00:24:54,159
Speaker 3: storm coming. She stood in line for three hours to

500
00:24:54,200 --> 00:24:57,040
Speaker 3: buy water and was limited to containers the hoping that

501
00:24:57,560 --> 00:25:00,000
Speaker 3: this latest hurricane will blow itself out to sea before

502
00:25:00,040 --> 00:25:02,200
Speaker 3: for a Hitzlandia. I hope that is the case for

503
00:25:02,240 --> 00:25:04,439
Speaker 3: the sake of sake of your sister. Thank you very

504
00:25:04,520 --> 00:25:06,160
Speaker 3: much for that. Ninety two ninety two is our text

505
00:25:06,240 --> 00:25:07,879
Speaker 3: number if you want to get in touch just so

506
00:25:07,960 --> 00:25:10,159
Speaker 3: you know. This afternoon, TV and ZED has announced the

507
00:25:10,200 --> 00:25:14,320
Speaker 3: first stage of its next big organizational restructure. So at

508
00:25:14,320 --> 00:25:16,080
Speaker 3: the moment we don't have a whole lot of detail

509
00:25:16,119 --> 00:25:18,120
Speaker 3: about what TV and Z is proposing, So they say

510
00:25:18,160 --> 00:25:19,920
Speaker 3: that the next stage of the proposals are the ones

511
00:25:19,920 --> 00:25:21,200
Speaker 3: that will come out with all of the jobs that

512
00:25:21,200 --> 00:25:22,960
Speaker 3: are affected in that kind of thing. A lot of

513
00:25:23,000 --> 00:25:26,600
Speaker 3: the stuff seems to concern the actual organizational structure, so

514
00:25:26,760 --> 00:25:29,320
Speaker 3: for anyone just watching TV from home or streaming whatever,

515
00:25:29,359 --> 00:25:31,119
Speaker 3: it's not going to be totally clear what the changes

516
00:25:31,119 --> 00:25:33,680
Speaker 3: are yet. However, the big one that they've announced today

517
00:25:33,720 --> 00:25:36,879
Speaker 3: is they're looking to end the TVNZ news website, so

518
00:25:37,000 --> 00:25:41,320
Speaker 3: oneenews dot co dot nz would basically go offline from

519
00:25:41,359 --> 00:25:43,520
Speaker 3: the end of February next year. So we're going to

520
00:25:43,560 --> 00:25:45,560
Speaker 3: take a close look at that proposal after five o'clock

521
00:25:45,600 --> 00:25:48,600
Speaker 3: this evening, Politics next quarter to five on Newstalk ZB.

522
00:25:49,000 --> 00:25:52,720
Speaker 1: Politics with Centrics Credit check your customers and get payments certainty.

523
00:25:52,960 --> 00:25:55,840
Speaker 3: So if you trigger, senior political reporter is with us

524
00:25:55,880 --> 00:25:59,040
Speaker 3: this afternoon. Hi, Sophie Child Jackson gat to be with you. Yeah,

525
00:25:59,080 --> 00:26:01,320
Speaker 3: you too. The Prime Minister has confirmed he'll be attending

526
00:26:01,359 --> 00:26:03,920
Speaker 3: the East Asia Summit this week. What has he said

527
00:26:03,960 --> 00:26:04,280
Speaker 3: about that?

528
00:26:04,960 --> 00:26:07,320
Speaker 13: That's correct, Jack. So the East Asia Summit is in

529
00:26:07,520 --> 00:26:10,520
Speaker 13: Laos this week and Chris Luckson was asked this afternoon

530
00:26:10,600 --> 00:26:13,719
Speaker 13: about his attendance there. So the summit is an annual

531
00:26:13,840 --> 00:26:16,680
Speaker 13: forum held by the leaders of Asian member states along

532
00:26:16,720 --> 00:26:20,240
Speaker 13: with the likes of Australia, China, Russia, India, the United States,

533
00:26:20,320 --> 00:26:23,520
Speaker 13: New Zealand and others, and it would be Chris Luckson's

534
00:26:23,560 --> 00:26:26,760
Speaker 13: first time attending as Prime minister. So he was asked

535
00:26:26,800 --> 00:26:29,960
Speaker 13: today by media whether the summit is still relevant and

536
00:26:30,040 --> 00:26:33,200
Speaker 13: says yes absolutely. He says New Zealand has security and

537
00:26:33,280 --> 00:26:37,040
Speaker 13: economic interests in that region and New Zealand prime ministers

538
00:26:37,160 --> 00:26:40,160
Speaker 13: have had a long standing commitment in playing a key

539
00:26:40,280 --> 00:26:42,760
Speaker 13: role in that forum. So he says it's a key

540
00:26:42,840 --> 00:26:46,200
Speaker 13: chance to spend time with as young partners, which he

541
00:26:46,240 --> 00:26:50,280
Speaker 13: says he's trying to build relationships with both bilaterally and collectively.

542
00:26:50,760 --> 00:26:53,639
Speaker 13: As for what he hopes to achieve, here is what

543
00:26:53,800 --> 00:26:54,200
Speaker 13: he said.

544
00:26:54,600 --> 00:26:56,680
Speaker 14: A lot of it will be focused on making sure

545
00:26:57,119 --> 00:27:00,520
Speaker 14: we enhance the rules international rules based system that the

546
00:27:00,600 --> 00:27:03,640
Speaker 14: values that we stand up for around national sovereignty, international

547
00:27:03,720 --> 00:27:06,880
Speaker 14: rules based system, freedom of navigation. In a security sense.

548
00:27:06,920 --> 00:27:10,120
Speaker 14: We want a peaceful and stable region, and we also

549
00:27:10,200 --> 00:27:12,399
Speaker 14: need to continue to advance our economic intersts, and so

550
00:27:12,480 --> 00:27:14,320
Speaker 14: there'll be conversations on both those topics.

551
00:27:14,800 --> 00:27:14,919
Speaker 15: Now.

552
00:27:15,040 --> 00:27:17,720
Speaker 13: Jaquay yet to hear details from the Prime Minister on

553
00:27:17,920 --> 00:27:20,160
Speaker 13: who exactly will be there and who of those people

554
00:27:20,320 --> 00:27:23,000
Speaker 13: lux And might hope to get an opportunity to meet with.

555
00:27:23,640 --> 00:27:26,280
Speaker 13: I would say it's unlikely the likes of Vladimir Putin

556
00:27:26,359 --> 00:27:29,119
Speaker 13: or Jijingping would be at the East Asia Summit, but

557
00:27:29,200 --> 00:27:32,200
Speaker 13: I haven't seen it confirmed in international media either way.

558
00:27:32,760 --> 00:27:36,600
Speaker 13: Sky News Australia, for example, is reporting Prime Minister Albanesi

559
00:27:36,680 --> 00:27:39,560
Speaker 13: will meet with Chinese Premier Lee, so it doesn't appear

560
00:27:39,640 --> 00:27:43,879
Speaker 13: that Jijingping would be attending. One attendee that is confirmed, however,

561
00:27:44,119 --> 00:27:47,399
Speaker 13: is US Secretary of State Anthony Blincoln, who's going on

562
00:27:47,520 --> 00:27:51,840
Speaker 13: behalf of President Joe Biden. Probably unsurprising giving given that

563
00:27:51,880 --> 00:27:54,080
Speaker 13: we're less than a month out from the US election,

564
00:27:55,119 --> 00:27:57,800
Speaker 13: but it will be interesting to see if there are

565
00:27:57,840 --> 00:28:01,080
Speaker 13: some key relationships at the summit there that Luxen's yet

566
00:28:01,680 --> 00:28:04,520
Speaker 13: to sort of cement face to face. He has spent

567
00:28:04,640 --> 00:28:07,040
Speaker 13: some time in in Southeast Asia already this year, and

568
00:28:07,119 --> 00:28:10,000
Speaker 13: he's met with ASYON members in Melbourne back in March,

569
00:28:10,119 --> 00:28:12,520
Speaker 13: so he has been putting a lot of groundwork into

570
00:28:12,920 --> 00:28:14,199
Speaker 13: some of these connections already.

571
00:28:14,400 --> 00:28:16,800
Speaker 3: Yeah, right, Hey, a Court of inquiry has been launched

572
00:28:16,840 --> 00:28:19,119
Speaker 3: into the at means at this Manawanui. So what have

573
00:28:19,160 --> 00:28:20,720
Speaker 3: been the updates on the Prime minister today?

574
00:28:21,240 --> 00:28:24,280
Speaker 13: Yeah, obviously, Jack, this has been a major story from

575
00:28:24,320 --> 00:28:27,840
Speaker 13: the weekend, the first peacetime loss of a New Zealand

576
00:28:27,960 --> 00:28:31,280
Speaker 13: vessel and the recovery efforts was described by the Defense

577
00:28:31,400 --> 00:28:34,720
Speaker 13: Minister as an extraordinary feat and we did hear from

578
00:28:34,920 --> 00:28:37,719
Speaker 13: Chris Luckson about it for the first time this afternoon.

579
00:28:38,280 --> 00:28:40,480
Speaker 13: He says he hopes the seventy five people who had

580
00:28:40,520 --> 00:28:43,160
Speaker 13: been on board the ship are repatriated back home as

581
00:28:43,480 --> 00:28:46,680
Speaker 13: quickly as possible, and that the government's attention will now

582
00:28:46,760 --> 00:28:50,720
Speaker 13: be turning to minimizing the environmental damage caused by the

583
00:28:50,880 --> 00:28:53,800
Speaker 13: oil in the ship. So Luxon says, clean up teams

584
00:28:53,880 --> 00:28:56,400
Speaker 13: and spillkits were sent to some more on the C

585
00:28:56,600 --> 00:28:59,160
Speaker 13: one thirty that flew to some oil yesterday and more

586
00:28:59,200 --> 00:29:03,960
Speaker 13: equipment and expertise was on the way and how listen, sorry,

587
00:29:04,080 --> 00:29:06,680
Speaker 13: I'm just going to play play a little bit grabbed

588
00:29:06,680 --> 00:29:08,280
Speaker 13: from Laxity up there.

589
00:29:08,400 --> 00:29:11,240
Speaker 14: Last night we put as much of our environmental spill

590
00:29:11,320 --> 00:29:14,840
Speaker 14: kits in equipment as we possibly can. Maritime New Zealand

591
00:29:14,840 --> 00:29:17,280
Speaker 14: also has huge capacity and capability and that's on its

592
00:29:17,320 --> 00:29:19,680
Speaker 14: way up there as well. I've spoken to the Acting

593
00:29:19,720 --> 00:29:23,680
Speaker 14: Prime Minister of Somehow yesterday. They've welcomed Indian all support

594
00:29:23,680 --> 00:29:25,160
Speaker 14: that we can offer, and that's what we plan to do.

595
00:29:25,200 --> 00:29:26,680
Speaker 14: We're going to do everything it takes to make sure

596
00:29:26,720 --> 00:29:29,479
Speaker 14: that we do the very best we can to minimize

597
00:29:29,480 --> 00:29:30,440
Speaker 14: the environmental impacts.

598
00:29:32,640 --> 00:29:34,320
Speaker 13: That's so, as you can say, a quarter of Inquiri

599
00:29:34,360 --> 00:29:37,520
Speaker 13: has been launched into exactly what happened, so we'll be

600
00:29:37,880 --> 00:29:40,720
Speaker 13: waiting to watching that one very closely.

601
00:29:40,960 --> 00:29:43,520
Speaker 3: Yeah, and Sophie, how was the Prime Minister received in

602
00:29:43,600 --> 00:29:44,280
Speaker 3: Dunedin today?

603
00:29:44,920 --> 00:29:48,000
Speaker 13: Yes, so, Chris Lackson was down in Dunedin to check

604
00:29:48,040 --> 00:29:50,760
Speaker 13: on the flooding recovery, but he was met by protesters

605
00:29:50,800 --> 00:29:54,560
Speaker 13: who were instead challenged him on the government's recent announcements

606
00:29:54,600 --> 00:29:57,400
Speaker 13: on the Dunedin Hospital. So he was met first at

607
00:29:57,440 --> 00:30:00,400
Speaker 13: the airport by a group of protesters and again outside

608
00:30:00,440 --> 00:30:03,880
Speaker 13: the Otago Regional Council office. Here is some audio captured

609
00:30:03,960 --> 00:30:23,880
Speaker 13: by the ODT this morning. So Luxon spoke, stopped and

610
00:30:23,960 --> 00:30:26,280
Speaker 13: spoke to some of the locals at the airport, telling

611
00:30:26,360 --> 00:30:29,080
Speaker 13: them they would get their hospital, a line he repeated

612
00:30:29,240 --> 00:30:31,640
Speaker 13: later in the afternoon when asked by media, go.

613
00:30:31,760 --> 00:30:34,960
Speaker 14: Fully understand the frustration. It's also frustrating for a government

614
00:30:35,000 --> 00:30:37,120
Speaker 14: that's been in power for ten months inheriting this mess

615
00:30:37,160 --> 00:30:39,080
Speaker 14: as well. But we are going to build a great

616
00:30:39,080 --> 00:30:40,760
Speaker 14: hospital here in Tonedan, but it's going to be at

617
00:30:40,800 --> 00:30:43,080
Speaker 14: one point nine billion, not approaching three billion.

618
00:30:43,560 --> 00:30:46,880
Speaker 13: So a huge amount of frustration still in Dunedin Jack

619
00:30:46,880 --> 00:30:49,520
Speaker 13: and it doesn't look like it's it's going away anytime soon.

620
00:30:49,680 --> 00:30:52,400
Speaker 3: No, Hey, Kilda, Sophie, thank you. That is Sophie Tak,

621
00:30:52,440 --> 00:30:55,480
Speaker 3: a senior political reporter. Right now it is eight minutes

622
00:30:55,520 --> 00:30:56,440
Speaker 3: to five on news talks.

623
00:30:56,440 --> 00:31:00,240
Speaker 1: He'd be putting the tough questions to the newspeaker, the

624
00:31:00,480 --> 00:31:01,600
Speaker 1: make Husking breakfast.

625
00:31:01,640 --> 00:31:03,480
Speaker 16: You've now got one hundred and forty nine projects that

626
00:31:03,560 --> 00:31:05,720
Speaker 16: have got the fast track approval to move to the

627
00:31:05,800 --> 00:31:08,320
Speaker 16: next stage. The Infrastructure Minister Chris Bishop is with us

628
00:31:08,360 --> 00:31:08,800
Speaker 16: on all of this.

629
00:31:08,920 --> 00:31:09,080
Speaker 9: Beef.

630
00:31:09,080 --> 00:31:10,800
Speaker 5: One hundred and forty nine are going to be fantastic

631
00:31:10,880 --> 00:31:13,640
Speaker 5: for the country. Fifty five thousand new houses, consented, one

632
00:31:13,720 --> 00:31:16,240
Speaker 5: hundred and eighty kilometers of new road, rail and public

633
00:31:16,320 --> 00:31:19,520
Speaker 5: transport connections, twenty two new renewable energy projects with three

634
00:31:19,560 --> 00:31:21,400
Speaker 5: kick awats of power. This is what the country needs.

635
00:31:21,440 --> 00:31:22,320
Speaker 5: But let's be really clear.

636
00:31:22,400 --> 00:31:23,560
Speaker 2: The problem was easy on at the.

637
00:31:23,560 --> 00:31:25,600
Speaker 5: Moment is that everyone gets their capsule together and then

638
00:31:25,640 --> 00:31:27,239
Speaker 5: they go off and spend five years trying to get

639
00:31:27,280 --> 00:31:29,880
Speaker 5: resource content for something. In the meantime, the economics have change.

640
00:31:29,920 --> 00:31:32,480
Speaker 5: We're trying to create a pipeline of projects around the country.

641
00:31:32,560 --> 00:31:34,280
Speaker 5: Whether when the fund then becomes a varlable, you don't

642
00:31:34,280 --> 00:31:36,320
Speaker 5: have to start around for five years in the Environment Court.

643
00:31:36,360 --> 00:31:37,280
Speaker 5: You can just go and get on with it.

644
00:31:37,520 --> 00:31:40,200
Speaker 16: Back tomorrow at six am, the make Hosking breakfast with

645
00:31:40,320 --> 00:31:42,480
Speaker 16: the Jaguar Space used talk ZB.

646
00:31:42,680 --> 00:31:44,720
Speaker 3: So I just did the sums in the air break.

647
00:31:44,960 --> 00:31:46,880
Speaker 3: I just want to say how many times Chris Fluxen

648
00:31:46,920 --> 00:31:48,960
Speaker 3: has been overseas or to how many different countries he's

649
00:31:49,080 --> 00:31:51,400
Speaker 3: visited in the last year or so. Once he goes

650
00:31:51,400 --> 00:31:52,960
Speaker 3: to a loo at the end of this week, that'll

651
00:31:52,960 --> 00:31:55,840
Speaker 3: be fifteen trips. Now that includes three trips to Australia,

652
00:31:55,880 --> 00:31:57,680
Speaker 3: so Australia's doubled up there a few times. The others

653
00:31:57,680 --> 00:32:00,280
Speaker 3: are all first time trips. That's really impressive. It's a

654
00:32:00,280 --> 00:32:02,440
Speaker 3: great I think it's absolutely fantastic see New Zealand Prime

655
00:32:02,440 --> 00:32:08,120
Speaker 3: minister out there as rely I can do this as

656
00:32:08,240 --> 00:32:11,800
Speaker 3: regularly as he is. Clearly he kind of he enjoys it.

657
00:32:12,440 --> 00:32:17,760
Speaker 3: He sees value in those multilateral summits and forums and

658
00:32:17,840 --> 00:32:19,720
Speaker 3: that kind of thing. So yeah, great to see that

659
00:32:19,800 --> 00:32:22,600
Speaker 3: he is headed to law. Would you believe the last

660
00:32:22,680 --> 00:32:25,800
Speaker 3: time that the missing Muddle Cupper kids were seen together

661
00:32:26,240 --> 00:32:28,680
Speaker 3: was twenty twenty two, but now there has been a

662
00:32:28,760 --> 00:32:32,840
Speaker 3: credible sighting alongside their dad, Tom Phillips. Police have confirmed

663
00:32:32,880 --> 00:32:34,760
Speaker 3: this afternoon that it's a credible sighting. So we're going

664
00:32:34,800 --> 00:32:36,800
Speaker 3: to take a close look at that after five o'clock

665
00:32:37,200 --> 00:32:39,200
Speaker 3: and we'll ask if it means that police are any

666
00:32:39,240 --> 00:32:42,800
Speaker 3: closer to tracking Tom Phillips and his kids down. Plus

667
00:32:42,960 --> 00:32:46,040
Speaker 3: we'll get the very latest on the hm NZ Manawanui.

668
00:32:46,120 --> 00:32:49,680
Speaker 3: At the moment, it looks like the local authorities in

669
00:32:49,800 --> 00:32:54,320
Speaker 3: Sarmor have put various reconnaissance vessels and observation vessels out

670
00:32:54,360 --> 00:32:56,000
Speaker 3: there to try and get a really good sense of

671
00:32:56,080 --> 00:32:58,800
Speaker 3: exactly what is happening with the Manuwanui wreck. But of

672
00:32:58,880 --> 00:33:02,280
Speaker 3: course there is still a lot of concern about the

673
00:33:02,440 --> 00:33:06,680
Speaker 3: fuel the ship is carrying, various other chemicals and what

674
00:33:06,800 --> 00:33:09,200
Speaker 3: the potential environmental impacts are going to be. So we're

675
00:33:09,240 --> 00:33:11,560
Speaker 3: going to take a closer look at that right after

676
00:33:11,680 --> 00:33:14,000
Speaker 3: the five o'clock news. News is next. Note it's almost

677
00:33:14,040 --> 00:33:16,400
Speaker 3: five of you with Jack tame This is news doalg Zedb.

678
00:33:22,760 --> 00:33:26,280
Speaker 2: Pressing the newswakers to get the real story. It's Jack

679
00:33:26,360 --> 00:33:26,920
Speaker 2: Tame on.

680
00:33:27,120 --> 00:33:31,000
Speaker 1: Hither duplic Alan drive with one New Zealand let's get

681
00:33:31,080 --> 00:33:32,560
Speaker 1: connected new storg Zedb.

682
00:33:34,480 --> 00:33:37,560
Speaker 3: There are still so many unanswered questions about the sinking

683
00:33:37,880 --> 00:33:42,240
Speaker 3: of the HHM NZS Matuanui, still not knowing exactly what happened,

684
00:33:42,240 --> 00:33:44,880
Speaker 3: although Defense Minister Judith Collins is suggesting that a power

685
00:33:44,960 --> 00:33:48,080
Speaker 3: outage may have caused the ship to run aground. Local

686
00:33:48,160 --> 00:33:51,880
Speaker 3: authorities and some more are conducting environmental assessments as there

687
00:33:51,960 --> 00:33:55,400
Speaker 3: is concern now about potential oil or chemical spillage. The

688
00:33:55,480 --> 00:33:59,320
Speaker 3: Defense Forces only quote acknowledged our request for an interview.

689
00:33:59,400 --> 00:34:02,800
Speaker 3: We are yet to get a proper response. Massive University

690
00:34:02,880 --> 00:34:06,120
Speaker 3: Center for Defense and Security Studies, John Battersby is with

691
00:34:06,240 --> 00:34:09,399
Speaker 3: us this evening though, Kilder John, Hello, how are you? Yeah,

692
00:34:09,480 --> 00:34:11,120
Speaker 3: very well, thanks thanks for being with us, even though

693
00:34:11,160 --> 00:34:14,839
Speaker 3: the Defense Force won't be, which seems remarkable given the circumstances.

694
00:34:14,920 --> 00:34:18,040
Speaker 3: But how bad does this whole situation make New Zealand?

695
00:34:18,120 --> 00:34:22,399
Speaker 12: Look, I think I'm a little bit here and there

696
00:34:22,480 --> 00:34:25,640
Speaker 12: on that one. On one hand, yet does it doesn't

697
00:34:25,680 --> 00:34:28,000
Speaker 12: look good at all? Right, We've lost a peacetime We've

698
00:34:28,040 --> 00:34:31,200
Speaker 12: lost a vessel in peacetime over a reef which the

699
00:34:31,320 --> 00:34:34,880
Speaker 12: vessel was supposed to be equipped to be able to

700
00:34:34,960 --> 00:34:39,640
Speaker 12: locate and see. And we're two weeks out from Chogham,

701
00:34:40,480 --> 00:34:42,680
Speaker 12: which I think all three of our services and our

702
00:34:42,719 --> 00:34:45,399
Speaker 12: police are all going to be supporting. So yeah, look,

703
00:34:45,440 --> 00:34:47,680
Speaker 12: this is not a good time. It's not a good look.

704
00:34:48,640 --> 00:34:52,719
Speaker 12: On the other hand, other navies have lost vessels in peacetime,

705
00:34:53,160 --> 00:34:55,759
Speaker 12: they've covered them up and they've looked even Wiln when

706
00:34:55,920 --> 00:35:00,200
Speaker 12: that's been discovered. So we have got everybody off. Ob

707
00:35:00,320 --> 00:35:03,200
Speaker 12: he's died. Yet there's going to be some environmental damage,

708
00:35:03,239 --> 00:35:06,279
Speaker 12: but at the end of the day, I think we've

709
00:35:06,320 --> 00:35:09,400
Speaker 12: probably minimized the reputational damage is going to be some.

710
00:35:09,480 --> 00:35:13,200
Speaker 3: Of Yeah, I'm not sure covering it up was really

711
00:35:13,320 --> 00:35:14,960
Speaker 3: often given it was on fire on the front page

712
00:35:14,960 --> 00:35:19,279
Speaker 3: of the Herald. But look, I get your point. Yeah, yeah,

713
00:35:19,440 --> 00:35:21,279
Speaker 3: I get your point. So I mean, just's just think

714
00:35:21,320 --> 00:35:22,920
Speaker 3: about the timing of all this, and I want to

715
00:35:22,960 --> 00:35:25,400
Speaker 3: say that, you know, the reputational damage is not the

716
00:35:25,480 --> 00:35:28,600
Speaker 3: absolute primary concern, right We've avoided loss of life. That's

717
00:35:28,640 --> 00:35:30,439
Speaker 3: got to be top, top of the top of the list.

718
00:35:30,760 --> 00:35:33,120
Speaker 3: Then environmental concerns, which I'll get to in a moment.

719
00:35:33,280 --> 00:35:34,960
Speaker 3: But I mean, you've just had this meeting of defense

720
00:35:35,000 --> 00:35:36,759
Speaker 3: ministers in New Zealand. We've got Choggam in a couple

721
00:35:36,760 --> 00:35:39,960
Speaker 3: of weeks. Leaders from fifty six countries and some more

722
00:35:40,080 --> 00:35:42,600
Speaker 3: are potentially going to be looking at this wreck just

723
00:35:42,719 --> 00:35:46,080
Speaker 3: off the coast. Is this incident indicative of the state

724
00:35:46,160 --> 00:35:47,880
Speaker 3: of the New Zealand Defense Force, because when you think

725
00:35:47,880 --> 00:35:50,799
Speaker 3: about the standard of our housing in the Defense Force,

726
00:35:50,960 --> 00:35:53,840
Speaker 3: combined with the Air Force seven five sevens, it feels

727
00:35:53,880 --> 00:35:55,879
Speaker 3: like this is becoming a bit of a theme.

728
00:35:57,480 --> 00:35:57,719
Speaker 1: Yeah.

729
00:35:57,920 --> 00:36:00,759
Speaker 12: I think probably. What I would say is that, for

730
00:36:00,880 --> 00:36:04,239
Speaker 12: as long as I can remember, our Defense Force does

731
00:36:04,360 --> 00:36:07,839
Speaker 12: seem to be depleting. I can remember when we had

732
00:36:07,960 --> 00:36:10,520
Speaker 12: six frigates. So we're down to four, now down to two.

733
00:36:11,040 --> 00:36:14,400
Speaker 12: I can remember the Skyhawks. So it does seem like

734
00:36:14,640 --> 00:36:19,680
Speaker 12: we have under invested in defense. Whether this is a

735
00:36:19,760 --> 00:36:22,759
Speaker 12: particular thing caused by that, I'm not going to be

736
00:36:22,840 --> 00:36:25,000
Speaker 12: drawn on that. Well, we'll just have to wait and see.

737
00:36:25,400 --> 00:36:29,839
Speaker 12: But I think given the geostrategic changes that are going

738
00:36:29,880 --> 00:36:31,800
Speaker 12: on in the Pacific, and you're right, there's now this

739
00:36:32,000 --> 00:36:35,600
Speaker 12: big conference going on in somewhere, there are things happening

740
00:36:35,680 --> 00:36:37,719
Speaker 12: in the Pacific now that if we want to be

741
00:36:37,800 --> 00:36:39,520
Speaker 12: a part of those, we want to be able to

742
00:36:39,600 --> 00:36:42,640
Speaker 12: see what's going on and influence what's going on, we

743
00:36:42,800 --> 00:36:46,800
Speaker 12: might need to look at how we represent ourselves and

744
00:36:47,320 --> 00:36:49,920
Speaker 12: the way that our defense force is used in particular

745
00:36:50,120 --> 00:36:52,879
Speaker 12: for that, So that's probably something we've got to we've

746
00:36:52,920 --> 00:36:54,880
Speaker 12: got a face up to. And I'm not sure it's

747
00:36:54,920 --> 00:36:57,840
Speaker 12: specifically because this vessel has sunk. I think this is

748
00:36:57,920 --> 00:37:01,200
Speaker 12: a general, a general set of objectives that we've got

749
00:37:01,480 --> 00:37:05,000
Speaker 12: and we've got to make sure we've got enough in

750
00:37:05,120 --> 00:37:05,439
Speaker 12: the bank.

751
00:37:05,840 --> 00:37:09,280
Speaker 3: Yeah, So what are New Zealand's responsibilities when it comes

752
00:37:09,360 --> 00:37:12,279
Speaker 3: to trying to mitigate the environmental concerns here?

753
00:37:13,480 --> 00:37:15,000
Speaker 12: Well, I think we've probably got to do the best

754
00:37:15,080 --> 00:37:19,239
Speaker 12: we can in terms of trying to mitigate this. I

755
00:37:19,320 --> 00:37:22,920
Speaker 12: mean I think I would see. It's not a big vessel,

756
00:37:23,600 --> 00:37:26,759
Speaker 12: it's not nuclear powered, So yes, there is going to

757
00:37:26,840 --> 00:37:30,160
Speaker 12: be an amount of environmental damage.

758
00:37:29,880 --> 00:37:30,480
Speaker 6: Caused by this.

759
00:37:30,640 --> 00:37:33,000
Speaker 12: But look, let's go back to World War II in

760
00:37:33,040 --> 00:37:35,520
Speaker 12: the English Channel when there are dozens of ships going

761
00:37:35,640 --> 00:37:40,200
Speaker 12: down every week. So environmental damage is something that can

762
00:37:40,360 --> 00:37:45,040
Speaker 12: be contained. It will pass in time. It's unfortunate, but

763
00:37:45,160 --> 00:37:48,439
Speaker 12: we're island countries and we rely on ships all the time,

764
00:37:48,640 --> 00:37:51,480
Speaker 12: and the risk of using the sea is every now

765
00:37:51,480 --> 00:37:54,359
Speaker 12: and again one's going to go down. So yeah, look,

766
00:37:54,560 --> 00:37:57,640
Speaker 12: I don't think I don't want to minimize that. Environmental

767
00:37:57,719 --> 00:38:01,520
Speaker 12: damage is horrible. We don't like it, but let's just

768
00:38:01,600 --> 00:38:03,279
Speaker 12: keep it in perspective. This could have been a hell

769
00:38:03,320 --> 00:38:03,919
Speaker 12: of a lot worse.

770
00:38:04,080 --> 00:38:06,439
Speaker 3: All right, Thanks John, Always appreciate it that as John

771
00:38:06,440 --> 00:38:10,160
Speaker 3: Battersbee from Massi University Center for Defense and Security Studies

772
00:38:10,880 --> 00:38:14,360
Speaker 3: Jack Team. Police have confirmed a reported sighting of missing

773
00:38:14,440 --> 00:38:16,960
Speaker 3: man Tom Phillips and his three children in the Muddle

774
00:38:17,000 --> 00:38:21,080
Speaker 3: Karpa area last week is indeed credible. Phillips and his

775
00:38:21,200 --> 00:38:23,760
Speaker 3: children Ember, Maverick and Jada have been missing for almost

776
00:38:23,880 --> 00:38:26,560
Speaker 3: three years. This is the first time that all three

777
00:38:26,680 --> 00:38:28,560
Speaker 3: children have been cited with their dad, the first time

778
00:38:28,560 --> 00:38:31,560
Speaker 3: they've been seen together since twenty twenty two. But police

779
00:38:31,560 --> 00:38:34,520
Speaker 3: searchers over the weekend turned up nothing more of significance.

780
00:38:34,680 --> 00:38:37,200
Speaker 3: Chris Budge is the private investigator still trying to find

781
00:38:37,239 --> 00:38:40,600
Speaker 3: the family enders with us now Calder Chris Gooday, Jack,

782
00:38:40,719 --> 00:38:42,240
Speaker 3: How significant is this development?

783
00:38:43,160 --> 00:38:45,920
Speaker 8: Oh, I think it's pretty good. There's three things to

784
00:38:45,960 --> 00:38:48,080
Speaker 8: pick up from this one. Firstly, as you mentioned that

785
00:38:48,200 --> 00:38:50,359
Speaker 8: the kids have been seen, and there's been a lot

786
00:38:50,400 --> 00:38:53,400
Speaker 8: of speculational where they may or may not be, but

787
00:38:53,520 --> 00:38:56,279
Speaker 8: it's really great that they've been cited. The second one

788
00:38:56,400 --> 00:39:00,359
Speaker 8: being is that the police have responded. I understand from

789
00:39:00,400 --> 00:39:03,040
Speaker 8: the media that's been is that the police responded with

790
00:39:03,360 --> 00:39:05,680
Speaker 8: motor vehicles on the Thursday, and then we're able to

791
00:39:05,719 --> 00:39:10,360
Speaker 8: follow up with helicopters on the Friday. Certainly, the community

792
00:39:10,360 --> 00:39:13,720
Speaker 8: people that I spoke to on Saturday we're well aware

793
00:39:13,719 --> 00:39:16,960
Speaker 8: of the police were around. The third one though, as

794
00:39:17,000 --> 00:39:19,160
Speaker 8: I guess the sad one is that there are still

795
00:39:19,239 --> 00:39:23,640
Speaker 8: people helping Tom. Tom has been moving around an open

796
00:39:23,719 --> 00:39:27,640
Speaker 8: site in vehicles, whether during the dark or during the day,

797
00:39:27,760 --> 00:39:31,320
Speaker 8: so I think with a normal escape and evasion concept

798
00:39:31,480 --> 00:39:33,160
Speaker 8: is that he's gone to ground or he's got a

799
00:39:33,239 --> 00:39:35,600
Speaker 8: safehole and he's just been sitting there for the two

800
00:39:35,680 --> 00:39:37,960
Speaker 8: or three days for us to die down. Police will

801
00:39:38,000 --> 00:39:39,800
Speaker 8: then head back, and you know, they've said that the

802
00:39:39,920 --> 00:39:42,560
Speaker 8: end of the three day operation is there. He'll now

803
00:39:42,600 --> 00:39:45,320
Speaker 8: pop out and go to wherever he has been hiding.

804
00:39:45,400 --> 00:39:47,719
Speaker 8: But as an overall, I think it's great that the

805
00:39:47,800 --> 00:39:50,319
Speaker 8: kids have been seen. The police are reacting, but he's

806
00:39:50,360 --> 00:39:51,239
Speaker 8: still out smartness.

807
00:39:51,360 --> 00:39:54,320
Speaker 3: Yeah, what do we know from this report about the

808
00:39:54,760 --> 00:39:56,839
Speaker 3: kids state of health? You know, they look all right.

809
00:39:58,400 --> 00:40:01,600
Speaker 8: Well, I can only speak on what the reports are,

810
00:40:01,680 --> 00:40:05,280
Speaker 8: but it's if they were seen in the open walking around,

811
00:40:05,400 --> 00:40:08,640
Speaker 8: that's a good sign. I understand they were seen around

812
00:40:08,640 --> 00:40:11,719
Speaker 8: them at seven pm, so it's but still daylight, so

813
00:40:11,840 --> 00:40:15,440
Speaker 8: that they are all good signs. There were certainly towards

814
00:40:15,440 --> 00:40:17,960
Speaker 8: the end of last year there was speculation that the

815
00:40:18,040 --> 00:40:20,080
Speaker 8: two girls who had gone down to Gloria Vale and

816
00:40:20,200 --> 00:40:23,000
Speaker 8: it was only the young fellow that was with his

817
00:40:23,160 --> 00:40:25,960
Speaker 8: dad for the photo around around the dairy that we saw.

818
00:40:26,520 --> 00:40:27,759
Speaker 2: We believe the sun was there.

819
00:40:28,840 --> 00:40:31,080
Speaker 8: But it's good that we can you've actually seen the

820
00:40:31,160 --> 00:40:33,680
Speaker 8: three and hopefully the wider family going to take that

821
00:40:33,880 --> 00:40:34,439
Speaker 8: is a good sign.

822
00:40:34,520 --> 00:40:36,920
Speaker 3: Yeah, that sounds like a wild piece of speculation. So

823
00:40:37,480 --> 00:40:39,759
Speaker 3: what would you like to see police do to try

824
00:40:39,840 --> 00:40:41,080
Speaker 3: and make more progress on this.

825
00:40:42,400 --> 00:40:44,920
Speaker 8: I think the catch we've got is that there's a

826
00:40:44,960 --> 00:40:48,440
Speaker 8: lot of other stuff happening around the area. They've now

827
00:40:48,480 --> 00:40:51,520
Speaker 8: got sightings that people are at least safe, but also

828
00:40:51,640 --> 00:40:55,000
Speaker 8: that they've seen so I think the way the way

829
00:40:55,080 --> 00:41:00,680
Speaker 8: through this is continued intelligence, proactive approach in regards the response.

830
00:41:00,800 --> 00:41:03,120
Speaker 8: So everything that's credible, and I think it's the first

831
00:41:03,160 --> 00:41:05,560
Speaker 8: time police have used that word credible, which is a

832
00:41:05,760 --> 00:41:08,879
Speaker 8: really great word to use. And it's good that they're

833
00:41:08,880 --> 00:41:12,960
Speaker 8: still on the pack. So keep doing the good work community. Please,

834
00:41:13,600 --> 00:41:16,319
Speaker 8: if you see them, let the police know immediately by

835
00:41:16,400 --> 00:41:18,560
Speaker 8: one on one, and I think they're going to be

836
00:41:18,640 --> 00:41:22,399
Speaker 8: found by somebody accidentally seeing them, as in this case

837
00:41:22,480 --> 00:41:23,000
Speaker 8: on Thursday.

838
00:41:23,239 --> 00:41:24,960
Speaker 3: Very good. Thanks for your time, Chris, I appreciate it.

839
00:41:25,040 --> 00:41:28,520
Speaker 3: That's private investigator Chris Budge, quarter past five on Newstalks.

840
00:41:28,560 --> 00:41:28,799
Speaker 5: He'd be.

841
00:41:30,320 --> 00:41:33,399
Speaker 3: Choice is good, isn't it? At least that's what we've

842
00:41:33,440 --> 00:41:36,040
Speaker 3: all been told. But if you're anything like me, sometimes

843
00:41:36,120 --> 00:41:39,840
Speaker 3: too much choice can be overwhelming, especially when you're a

844
00:41:39,880 --> 00:41:42,399
Speaker 3: small business with one thousand and one decisions to make.

845
00:41:42,640 --> 00:41:45,719
Speaker 3: So to make life a little bit easier, One New

846
00:41:45,800 --> 00:41:49,719
Speaker 3: Zealand has created two brilliantly simple broadband plans that take

847
00:41:49,760 --> 00:41:52,640
Speaker 3: the hassle out of keeping your business connected. You can

848
00:41:52,680 --> 00:41:55,560
Speaker 3: go with Fiver or if it's available to your address,

849
00:41:55,719 --> 00:41:59,480
Speaker 3: you can go wireless. It's that simple. Both plans mean fast,

850
00:41:59,719 --> 00:42:03,240
Speaker 3: rely viable connectivity that's essential for anyone doing business today.

851
00:42:03,520 --> 00:42:06,520
Speaker 3: And both plans come with unlimited data plus a smart

852
00:42:06,600 --> 00:42:09,480
Speaker 3: Wi Fi modem that means greater control over your network

853
00:42:09,680 --> 00:42:12,520
Speaker 3: and better security to help keep your business safe. Best

854
00:42:12,560 --> 00:42:14,040
Speaker 3: of all, and you will like the sound of this.

855
00:42:14,239 --> 00:42:16,759
Speaker 3: It is simple to set up and manage from your smartphone.

856
00:42:17,040 --> 00:42:19,920
Speaker 3: Go online and search one New Zealand business for broadband

857
00:42:20,000 --> 00:42:25,120
Speaker 3: that's perfect for busy businesses. That's One New Zealand Business online.

858
00:42:26,040 --> 00:42:30,920
Speaker 1: Hard questions, strong opinion, Jack tam On, Heather Duplicy Eland Drive,

859
00:42:31,040 --> 00:42:34,200
Speaker 1: who is one New Zealand Let's get connected at news Talk,

860
00:42:34,400 --> 00:42:34,759
Speaker 1: said b.

861
00:42:35,040 --> 00:42:37,880
Speaker 3: Eighteen past five on Newstalk's EDB. Just one change has

862
00:42:37,920 --> 00:42:39,719
Speaker 3: been made by Scott Robinson for the All Backs end

863
00:42:39,760 --> 00:42:42,279
Speaker 3: of year tour, so cam Royguard comes back into the

864
00:42:42,400 --> 00:42:45,840
Speaker 3: thirty six man squad for the Tests against Japan, England, Ireland,

865
00:42:45,880 --> 00:42:48,200
Speaker 3: France and Italy which began in a few weeks time.

866
00:42:48,360 --> 00:42:51,160
Speaker 3: So is it the right call? It's a stability call really,

867
00:42:51,800 --> 00:42:54,200
Speaker 3: or should Raiser have taken a few more risks? News

868
00:42:54,239 --> 00:42:56,520
Speaker 3: Talks head b Elliot Smith as well us this evening Yelda,

869
00:42:57,480 --> 00:43:01,680
Speaker 3: Georgie Jack, what do you reckon? Conservative, directable, razor.

870
00:43:01,520 --> 00:43:04,959
Speaker 10: Esque, Yeah, I think all three of those, to be honest, checker,

871
00:43:05,040 --> 00:43:08,640
Speaker 10: I think it is conservative and relatively predictable. I think

872
00:43:09,120 --> 00:43:12,160
Speaker 10: fairly straightforward selections. I guess it was a bit swirling

873
00:43:12,200 --> 00:43:14,880
Speaker 10: around whether Sam Kin and t Dap Pettinarra would go

874
00:43:15,400 --> 00:43:17,800
Speaker 10: on this end of year's tour, but they both started

875
00:43:18,280 --> 00:43:20,520
Speaker 10: the last Test match the All Blacks plays, so it

876
00:43:20,680 --> 00:43:23,359
Speaker 10: was always going to be I thought unlikely that one

877
00:43:23,480 --> 00:43:26,160
Speaker 10: or both of them didn't make the trip for these

878
00:43:26,239 --> 00:43:29,040
Speaker 10: matches up north. How much they play remains to be seen,

879
00:43:29,200 --> 00:43:32,160
Speaker 10: but Sam Kaine has been the first choice open side

880
00:43:32,200 --> 00:43:34,880
Speaker 10: for the last two Test matches. T Dap Pettinara has

881
00:43:34,920 --> 00:43:38,720
Speaker 10: helped bring the likes of Cortez Ratimbu through. So Scott

882
00:43:38,800 --> 00:43:41,120
Speaker 10: Robinson clearly thinks there's a bit more to give in

883
00:43:41,200 --> 00:43:43,960
Speaker 10: these players as yet, and they're all Blacks careers in

884
00:43:44,000 --> 00:43:46,839
Speaker 10: the last five games. But I think it is conservative.

885
00:43:47,160 --> 00:43:50,399
Speaker 10: I think there probably was a temptation to maybe look

886
00:43:50,440 --> 00:43:54,279
Speaker 10: ahead to the youth and bring some players through with

887
00:43:54,360 --> 00:43:56,920
Speaker 10: a night to twenty twenty seven. But the way that

888
00:43:57,000 --> 00:43:59,280
Speaker 10: Scott Robinson is at the moment, he's lost three tests

889
00:43:59,320 --> 00:44:01,360
Speaker 10: this year. He had to win as many from the

890
00:44:01,400 --> 00:44:04,600
Speaker 10: remaining game, so you have to park twenty twenty seven

891
00:44:04,640 --> 00:44:07,200
Speaker 10: for now and look at twenty twenty four in the

892
00:44:07,239 --> 00:44:08,440
Speaker 10: remaining five test matches.

893
00:44:08,560 --> 00:44:10,920
Speaker 3: Yeah, and it was interesting. He was quite explicit, right

894
00:44:11,000 --> 00:44:13,960
Speaker 3: he said today that effectively he had sat down with

895
00:44:14,080 --> 00:44:18,040
Speaker 3: both TJ and Sam Kaine and said your role on

896
00:44:18,200 --> 00:44:20,319
Speaker 3: this trip is going to be a mentoring role, which

897
00:44:20,360 --> 00:44:21,680
Speaker 3: is not to say you won't be having any game

898
00:44:21,719 --> 00:44:25,080
Speaker 3: time or anything like that. But he's really put a

899
00:44:25,200 --> 00:44:28,480
Speaker 3: significant deal of expectation in them bringing those younger players

900
00:44:28,520 --> 00:44:31,440
Speaker 3: through and maybe actually eight weeks or six weeks on

901
00:44:31,520 --> 00:44:33,279
Speaker 3: the road is a really good opportunity to do that.

902
00:44:34,200 --> 00:44:36,200
Speaker 10: That's right, And you think of the number of players

903
00:44:36,239 --> 00:44:39,279
Speaker 10: the All Blacks lost after last year's World Cup and

904
00:44:39,800 --> 00:44:43,919
Speaker 10: that went overseas. Aaron Smith and Sam Whitelock and Dane

905
00:44:43,960 --> 00:44:46,840
Speaker 10: Coles and various other players that are no longer in

906
00:44:46,960 --> 00:44:49,400
Speaker 10: the All Black set, Brittie Moong or another one. So

907
00:44:49,440 --> 00:44:51,719
Speaker 10: they've lost plenty of experience, and I think that may

908
00:44:51,800 --> 00:44:56,319
Speaker 10: have potentially surprised Scott robertson how vital experiences at test

909
00:44:56,360 --> 00:44:59,200
Speaker 10: match level, how much you need those players not necessarily

910
00:44:59,280 --> 00:45:02,000
Speaker 10: playing games, but as you said, Jack, being around the

911
00:45:02,239 --> 00:45:04,840
Speaker 10: environment and contributing off the park and going this is

912
00:45:04,880 --> 00:45:06,880
Speaker 10: how things have done. This is how you get the

913
00:45:06,920 --> 00:45:09,680
Speaker 10: best performance on a Saturday afternoon, Saturday night, whatever it

914
00:45:09,760 --> 00:45:11,920
Speaker 10: might be. I think that may well have surprised him.

915
00:45:11,920 --> 00:45:14,560
Speaker 10: I don't think maybe they intended to use these players

916
00:45:14,600 --> 00:45:17,040
Speaker 10: for as much as they had throughout the season, but

917
00:45:17,239 --> 00:45:19,279
Speaker 10: it's sort of panned out that way that you need

918
00:45:19,360 --> 00:45:20,760
Speaker 10: these players around the environment.

919
00:45:20,800 --> 00:45:23,640
Speaker 3: So this thing, isn't it. You know, sport is so unpredictable.

920
00:45:23,680 --> 00:45:25,560
Speaker 3: I mean that there were plenty of people out there.

921
00:45:25,600 --> 00:45:27,520
Speaker 3: I don't know if he would ever have thought this himself,

922
00:45:27,520 --> 00:45:29,719
Speaker 3: but there people out there who thought that TJ had

923
00:45:29,719 --> 00:45:31,919
Speaker 3: probably played his last test, people out there who thought

924
00:45:31,960 --> 00:45:34,359
Speaker 3: that Sam Caine had played his last test. And here

925
00:45:34,400 --> 00:45:34,640
Speaker 3: we are.

926
00:45:35,560 --> 00:45:38,360
Speaker 10: Yeah, absolutely, and look the TJ maybe doesn't get in

927
00:45:38,520 --> 00:45:40,200
Speaker 10: with Cam roy guard at the start of the year

928
00:45:40,239 --> 00:45:43,000
Speaker 10: injuring himself from the Hurricanes, and then TJ gets a

929
00:45:43,080 --> 00:45:45,000
Speaker 10: long run of game time and then play some pretty

930
00:45:45,000 --> 00:45:48,200
Speaker 10: good breakby so he gets an opportunity, Sam Kine gets

931
00:45:48,239 --> 00:45:51,480
Speaker 10: another opportunity, and the All Blacks team and buy and

932
00:45:51,600 --> 00:45:54,040
Speaker 10: large has played pretty well. So there has been perhaps

933
00:45:54,560 --> 00:45:56,360
Speaker 10: a turn up for the books in many ways that

934
00:45:56,760 --> 00:46:00,400
Speaker 10: these players have played better than and many expect and

935
00:46:00,520 --> 00:46:02,440
Speaker 10: had more of a run than many expected. I know

936
00:46:02,760 --> 00:46:05,320
Speaker 10: there has been calls to take a look at towards

937
00:46:05,400 --> 00:46:08,000
Speaker 10: twenty twenty seven, but I think you've still got plenty

938
00:46:08,040 --> 00:46:11,279
Speaker 10: of games roughly what twenty five test matches over three

939
00:46:11,400 --> 00:46:15,719
Speaker 10: seasons to build All Blacks towards twenty twenty seven. Right now,

940
00:46:16,040 --> 00:46:17,279
Speaker 10: you need to be the England, you need to be

941
00:46:17,280 --> 00:46:19,920
Speaker 10: at Ireland, and you need to beat France and these

942
00:46:19,960 --> 00:46:22,520
Speaker 10: are the players at Scott Robinson's back to be able

943
00:46:22,560 --> 00:46:23,759
Speaker 10: to do so over the next few weeks.

944
00:46:23,880 --> 00:46:26,160
Speaker 3: Yeah, yeah too, right, Thanks Eliert, appreciate your time that

945
00:46:26,239 --> 00:46:28,840
Speaker 3: as Newstoral's DB's voice of Rugby, Elliot Smith, thank you

946
00:46:28,880 --> 00:46:31,400
Speaker 3: for your feedback regarding the mon of Anui Jack. Remember

947
00:46:31,440 --> 00:46:34,399
Speaker 3: how angry we all were when that can container ship

948
00:46:34,600 --> 00:46:37,640
Speaker 3: hit the Astralay. Brief Yes, very different situation, has to

949
00:46:37,640 --> 00:46:40,279
Speaker 3: be said, completely different kind of vessels. The arena was

950
00:46:41,160 --> 00:46:43,400
Speaker 3: many times larger than the mon of Anui, which is

951
00:46:43,520 --> 00:46:47,840
Speaker 3: not to downplay the potential environmental impact of the mon

952
00:46:47,920 --> 00:46:50,320
Speaker 3: of Anui, but slightly different situation. I still think we

953
00:46:50,400 --> 00:46:53,560
Speaker 3: need to put everything we can into trying to recover

954
00:46:53,640 --> 00:46:56,520
Speaker 3: it and avoid environmental catastrophe. If you want to see

955
00:46:56,520 --> 00:46:58,040
Speaker 3: me a text ninety two ninety two is the text

956
00:46:58,120 --> 00:47:01,920
Speaker 3: number twenty three past five. VANZ has proposed its latest

957
00:47:02,040 --> 00:47:04,360
Speaker 3: changes as it tries to make up the thirty million

958
00:47:04,400 --> 00:47:07,279
Speaker 3: dollar hole in its current operation. Now, obviously I am

959
00:47:08,400 --> 00:47:11,480
Speaker 3: more than a bit conflicted. I'm a company man. I've

960
00:47:11,520 --> 00:47:14,480
Speaker 3: worked there almost half of my life now, and anyone

961
00:47:14,520 --> 00:47:17,719
Speaker 3: who has been through any big organizational change in any

962
00:47:17,880 --> 00:47:22,320
Speaker 3: company in any industry will understand how painful the experience

963
00:47:22,400 --> 00:47:25,799
Speaker 3: can be. So at the moment it's all under consultation.

964
00:47:26,040 --> 00:47:28,880
Speaker 3: Some of the changes won't be immediately obvious to the

965
00:47:29,000 --> 00:47:32,759
Speaker 3: TV watching or streaming public. They relate to how the

966
00:47:32,840 --> 00:47:36,120
Speaker 3: company structured, who is responsible for what, who reports to who?

967
00:47:36,239 --> 00:47:39,800
Speaker 3: That kind of thing. TVNZ is proposing to outsource some

968
00:47:39,960 --> 00:47:43,320
Speaker 3: of its operations, but perhaps the most concrete announcement we

969
00:47:43,440 --> 00:47:46,040
Speaker 3: had today is that they are currently proposing to close

970
00:47:46,120 --> 00:47:50,600
Speaker 3: down the news website onenews dot co dot NZ. Now,

971
00:47:50,680 --> 00:47:53,520
Speaker 3: I'm not suggesting for a moment that it is feasible

972
00:47:53,600 --> 00:47:56,239
Speaker 3: for any commercial media company in New Zealand to run

973
00:47:56,360 --> 00:48:00,120
Speaker 3: anything at a significant loss. Honestly, I don't think the

974
00:48:00,160 --> 00:48:02,600
Speaker 3: powers that be at TV and ZED have much choice

975
00:48:03,000 --> 00:48:05,360
Speaker 3: given the amount of money they have to save in

976
00:48:05,560 --> 00:48:07,840
Speaker 3: order to try and return a dividend to the government.

977
00:48:08,440 --> 00:48:10,680
Speaker 3: And again, it's not totally clear what the future of

978
00:48:10,760 --> 00:48:13,360
Speaker 3: TV and Z is just yet. Although they are proposing

979
00:48:13,400 --> 00:48:15,360
Speaker 3: to close the website, they also say they want to

980
00:48:15,400 --> 00:48:18,240
Speaker 3: invest in a new, dedicated news team for the streaming

981
00:48:18,320 --> 00:48:20,400
Speaker 3: service on TV and Z Plus. And that's great, It's

982
00:48:20,440 --> 00:48:23,880
Speaker 3: absolutely great. But regardless of the company and regardless of

983
00:48:23,960 --> 00:48:27,960
Speaker 3: the medium, this has been an extraordinarily brutal and uncertain

984
00:48:28,040 --> 00:48:30,920
Speaker 3: period for journalism in New Zealand. And look, you can scoff,

985
00:48:31,040 --> 00:48:33,320
Speaker 3: you can roll your eyes, you can call me self interested.

986
00:48:34,200 --> 00:48:36,840
Speaker 3: But as much as the news business might be like

987
00:48:36,960 --> 00:48:40,240
Speaker 3: any other business, I still think the value of news

988
00:48:40,640 --> 00:48:44,920
Speaker 3: extends beyond a simple profit and loss sheet this year

989
00:48:44,920 --> 00:48:47,400
Speaker 3: has been instructive, right, So over the last few months,

990
00:48:47,560 --> 00:48:50,880
Speaker 3: some of those who have been made redundant from Newshab

991
00:48:50,960 --> 00:48:53,799
Speaker 3: and TV and ZED and various other outlets have picked

992
00:48:53,880 --> 00:48:58,080
Speaker 3: up different jobs working in news, but many haven't. You know,

993
00:48:58,120 --> 00:49:00,760
Speaker 3: I've got friends who were working as invest of reporters

994
00:49:00,800 --> 00:49:02,640
Speaker 3: at the start of this year who are now working

995
00:49:02,760 --> 00:49:05,759
Speaker 3: in PR roles instead. Not because they chose the better money,

996
00:49:05,880 --> 00:49:08,000
Speaker 3: or the better ours or the better security, but because

997
00:49:08,040 --> 00:49:12,880
Speaker 3: a job is a job, and collectively are we better

998
00:49:13,520 --> 00:49:17,160
Speaker 3: for them having to make that shift? Is our society

999
00:49:17,280 --> 00:49:21,080
Speaker 3: better for one more spin doctor and one less journo

1000
00:49:21,440 --> 00:49:25,440
Speaker 3: trying to hold powerful people to account, powerful institutions to account.

1001
00:49:25,920 --> 00:49:29,800
Speaker 3: I would say no. I definitely say no, and I

1002
00:49:30,480 --> 00:49:32,920
Speaker 3: just I don't think journalism's value can be measured in

1003
00:49:33,040 --> 00:49:36,240
Speaker 3: only dollars and cents. But look, the world's changed, media

1004
00:49:36,360 --> 00:49:39,560
Speaker 3: has changed, and the business models that for so long

1005
00:49:39,840 --> 00:49:44,239
Speaker 3: were so solid have been completely blown up. Jack T

1006
00:49:44,640 --> 00:49:47,320
Speaker 3: ninety two ninety two is our text number if you

1007
00:49:47,400 --> 00:49:48,920
Speaker 3: want to contact me. We're going to take a closer

1008
00:49:48,960 --> 00:49:52,200
Speaker 3: look at the announcement from TVNZ today, although, like I say,

1009
00:49:53,080 --> 00:49:55,680
Speaker 3: it's kind of the first stage of the whole proposals, right,

1010
00:49:55,800 --> 00:49:58,800
Speaker 3: so we don't have confirmation on roles or anything like

1011
00:49:58,880 --> 00:50:00,560
Speaker 3: that that likely to be effect if it's kind of

1012
00:50:00,560 --> 00:50:03,200
Speaker 3: the organizational side of things at the moment. We'll catch

1013
00:50:03,280 --> 00:50:05,879
Speaker 3: up with our huddle before six o'clock as well, get

1014
00:50:05,960 --> 00:50:10,600
Speaker 3: their thoughts on the impact of the Manamanui and what's

1015
00:50:10,640 --> 00:50:13,279
Speaker 3: going to mean heading into Choggham in a few weeks time.

1016
00:50:13,440 --> 00:50:18,600
Speaker 3: News is next though you're jacktame On News dogs ed by.

1017
00:50:18,120 --> 00:50:20,200
Speaker 2: Digging deeper into the day's headlines.

1018
00:50:20,400 --> 00:50:23,640
Speaker 1: It's Jack tame On, Hither duper se allan drive with

1019
00:50:23,920 --> 00:50:26,880
Speaker 1: one New Zealand let's get connected News talks' b.

1020
00:50:45,520 --> 00:50:47,680
Speaker 3: Six year with Jack tame On News Talks, he'd be

1021
00:50:47,760 --> 00:50:49,839
Speaker 3: after six o'clock. We will catch up with Finance Minister

1022
00:50:49,920 --> 00:50:54,600
Speaker 3: Nichola Willis the o c ARE announcement this Wednesday two o'clock.

1023
00:50:54,719 --> 00:50:56,880
Speaker 3: I think all the big banks now are backing a

1024
00:50:56,920 --> 00:50:59,560
Speaker 3: fifty basis point cut, so they've all kind of slowly

1025
00:50:59,719 --> 00:51:02,399
Speaker 3: got there. Whether or not the Reserve Bank gets there

1026
00:51:02,480 --> 00:51:06,520
Speaker 3: is another story, I suppose, but they were previously split

1027
00:51:06,560 --> 00:51:08,279
Speaker 3: between twenty five and fifty, and I think now all

1028
00:51:08,360 --> 00:51:10,040
Speaker 3: the big banks are lined up with the same position

1029
00:51:10,440 --> 00:51:13,239
Speaker 3: heading into Wednesday's announcement will get them Finance Minister's thoughts

1030
00:51:13,239 --> 00:51:17,160
Speaker 3: on that very soon right now, Look, Jack, team, It

1031
00:51:17,280 --> 00:51:19,800
Speaker 3: is twenty three minutes to six and TVNZ plans to

1032
00:51:20,040 --> 00:51:22,640
Speaker 3: acts its one news website as part of a bid

1033
00:51:22,719 --> 00:51:25,799
Speaker 3: to say thirty million dollars. The state owned broadcaster told

1034
00:51:25,840 --> 00:51:28,840
Speaker 3: staff and internal meeting. It also wants to consolidate some

1035
00:51:28,960 --> 00:51:31,280
Speaker 3: areas of the business to align with its new strategy,

1036
00:51:31,800 --> 00:51:35,040
Speaker 3: change roster patterns and outsource some areas of the business.

1037
00:51:35,239 --> 00:51:37,160
Speaker 3: It will invest in news for TV and Z Plus,

1038
00:51:37,480 --> 00:51:40,280
Speaker 3: and they will create a new center for data and AI.

1039
00:51:40,520 --> 00:51:43,280
Speaker 3: There is a two week consultation process before any final

1040
00:51:43,320 --> 00:51:45,480
Speaker 3: decisions are made, and former News Hub head of News

1041
00:51:45,560 --> 00:51:47,320
Speaker 3: Mark Jennings is with us this evening.

1042
00:51:47,160 --> 00:51:49,680
Speaker 17: Calder Mark, Yeah, cure, Jack.

1043
00:51:49,840 --> 00:51:51,320
Speaker 3: Are you surprised about the website?

1044
00:51:51,440 --> 00:51:51,640
Speaker 14: Call?

1045
00:51:53,080 --> 00:51:55,880
Speaker 17: I am a bit to be honest. It must have

1046
00:51:55,960 --> 00:51:58,640
Speaker 17: been losing a lot of money I think for this

1047
00:51:58,800 --> 00:52:02,479
Speaker 17: to happen, because I can't think of another major news

1048
00:52:02,640 --> 00:52:08,960
Speaker 17: organization or major broadcaster anywhere around the world that doesn't

1049
00:52:09,120 --> 00:52:15,520
Speaker 17: have its own dedicated website and app. So yeah, I'm surprised.

1050
00:52:15,680 --> 00:52:18,880
Speaker 3: Well, I think in recent months TVNZ has started to

1051
00:52:19,120 --> 00:52:21,880
Speaker 3: put more of its news content on its streaming service

1052
00:52:21,920 --> 00:52:25,080
Speaker 3: because the TVNZ plus has been a real success over

1053
00:52:25,239 --> 00:52:28,359
Speaker 3: the last few years. But is it as simple as

1054
00:52:28,480 --> 00:52:30,400
Speaker 3: moving audiences to that platform.

1055
00:52:31,760 --> 00:52:34,759
Speaker 17: No, I don't think it is. And you, as you

1056
00:52:34,880 --> 00:52:40,360
Speaker 17: described that it is a streaming video site TVNZ plus,

1057
00:52:41,080 --> 00:52:43,840
Speaker 17: I don't know that that's where people will naturally go

1058
00:52:44,680 --> 00:52:47,880
Speaker 17: when they want to find out the latest news story,

1059
00:52:48,239 --> 00:52:51,520
Speaker 17: and it's certainly that site. I don't think it'll be

1060
00:52:51,600 --> 00:52:54,840
Speaker 17: able to send you a notification either, So it feels

1061
00:52:54,960 --> 00:52:57,120
Speaker 17: to me like this really is a bit of a

1062
00:52:57,200 --> 00:52:59,480
Speaker 17: setback or one news.

1063
00:53:01,040 --> 00:53:03,839
Speaker 3: Yeah, yeah, it's I mean thirty million dollars they've got

1064
00:53:03,880 --> 00:53:06,320
Speaker 3: to save, and they've been really open about that. Do

1065
00:53:06,480 --> 00:53:10,359
Speaker 3: you think it is viable for a broadcaster like TV

1066
00:53:10,440 --> 00:53:13,439
Speaker 3: and Z in twenty twenty four to be making high

1067
00:53:13,560 --> 00:53:16,759
Speaker 3: quality local content that goes out on linear TV and

1068
00:53:16,880 --> 00:53:20,320
Speaker 3: is streamable online and returns a profit.

1069
00:53:23,360 --> 00:53:23,400
Speaker 15: No.

1070
00:53:23,560 --> 00:53:26,160
Speaker 17: I think the freedom were industry is really struggling. And

1071
00:53:26,719 --> 00:53:30,160
Speaker 17: I listening to you earlier, and you made the point

1072
00:53:30,520 --> 00:53:33,640
Speaker 17: that it's got to be about more than money. I

1073
00:53:33,760 --> 00:53:37,600
Speaker 17: think in terms of its news service, I mean we've

1074
00:53:37,680 --> 00:53:45,880
Speaker 17: seen news Hub now three News really eviscerated. Really the

1075
00:53:45,960 --> 00:53:49,239
Speaker 17: stuff bulletin is really nowhere near what news Hub was

1076
00:53:49,320 --> 00:53:52,799
Speaker 17: doing and now where I think was that we're going

1077
00:53:52,840 --> 00:53:56,600
Speaker 17: to see the start of that process at TV and

1078
00:53:56,760 --> 00:54:01,880
Speaker 17: Z because look, getting rid of of the website and

1079
00:54:02,239 --> 00:54:07,279
Speaker 17: probably it's digital team that produced content for that site,

1080
00:54:07,800 --> 00:54:10,279
Speaker 17: it's not going to save thirty million, it's not going

1081
00:54:10,320 --> 00:54:11,279
Speaker 17: to save anywhere near it.

1082
00:54:12,719 --> 00:54:12,839
Speaker 15: Now.

1083
00:54:12,920 --> 00:54:16,319
Speaker 17: I know they've suggested other things, but some of those

1084
00:54:16,400 --> 00:54:21,719
Speaker 17: other things look like increasing costs rather than saving them

1085
00:54:21,840 --> 00:54:23,239
Speaker 17: to me, like the.

1086
00:54:23,640 --> 00:54:28,320
Speaker 3: New AI years and data center. Well, I suppose you know,

1087
00:54:28,640 --> 00:54:30,560
Speaker 3: if you to cover a thirty million dollar hole, you

1088
00:54:30,640 --> 00:54:33,000
Speaker 3: can cut costs. You've also got an option to try

1089
00:54:33,000 --> 00:54:35,360
Speaker 3: and increase revenue. But doing those two things at the

1090
00:54:35,360 --> 00:54:38,120
Speaker 3: same time is never easy, no, And.

1091
00:54:38,280 --> 00:54:42,719
Speaker 17: We've seen if we go back I think twenty twenty one.

1092
00:54:45,000 --> 00:54:48,280
Speaker 17: You know, chivan Z was a three hundred and forty

1093
00:54:48,400 --> 00:54:52,160
Speaker 17: million dollar revenue company. Now it's a two hundred and

1094
00:54:52,200 --> 00:54:55,000
Speaker 17: eighty eight million dollar company, and it might end up

1095
00:54:55,000 --> 00:54:58,520
Speaker 17: at a two hundred and fifty million dollar revenue company.

1096
00:54:58,680 --> 00:55:02,879
Speaker 17: So the revenue side is not going well at all.

1097
00:55:04,040 --> 00:55:05,759
Speaker 3: I'm sure they're hoping that things are going to turn

1098
00:55:05,800 --> 00:55:08,120
Speaker 3: around as their economy bounces back. Thank you very much

1099
00:55:08,160 --> 00:55:09,880
Speaker 3: for your time, Mart, We appreciate it. There as the

1100
00:55:09,960 --> 00:55:13,680
Speaker 3: former head of news for news Hub Mark Jennings. Right now,

1101
00:55:13,760 --> 00:55:15,839
Speaker 3: it is nineteen to six The Huddle.

1102
00:55:15,800 --> 00:55:19,960
Speaker 1: With New Zealand Southerby's International Realty, local and global exposure

1103
00:55:20,200 --> 00:55:20,839
Speaker 1: like no other.

1104
00:55:21,120 --> 00:55:23,760
Speaker 3: On the Huddle this evening Trish Hurson from Sherson Willis

1105
00:55:23,800 --> 00:55:26,640
Speaker 3: pr and Josie Beganni from child Fun New Zealand. Helder

1106
00:55:26,719 --> 00:55:32,120
Speaker 3: Corder Kyoda, Kelda Josie. Let's start with ht mens s Manouanui.

1107
00:55:32,560 --> 00:55:34,160
Speaker 3: I mean, just how big is this?

1108
00:55:34,760 --> 00:55:34,920
Speaker 4: You know?

1109
00:55:35,200 --> 00:55:37,520
Speaker 3: I just think some of those images have been extraordinary.

1110
00:55:37,680 --> 00:55:38,239
Speaker 18: Oh my gosh.

1111
00:55:38,320 --> 00:55:40,440
Speaker 19: I mean they're on the front page of the Times

1112
00:55:40,640 --> 00:55:43,719
Speaker 19: in London, you know, sinking New Zealand ship.

1113
00:55:44,200 --> 00:55:47,520
Speaker 18: It's not in no way is this good. It doesn't

1114
00:55:47,560 --> 00:55:47,920
Speaker 18: look good.

1115
00:55:48,120 --> 00:55:50,839
Speaker 19: I mean, of course we don't know why it sank.

1116
00:55:50,960 --> 00:55:54,520
Speaker 19: We don't know whether it's a problem with equipment or

1117
00:55:54,520 --> 00:55:56,400
Speaker 19: you know, the Defense Force has been saying they've been

1118
00:55:56,440 --> 00:55:59,160
Speaker 19: losing staff at an alarming pace. Is it that they

1119
00:55:59,200 --> 00:56:02,160
Speaker 19: didn't have the right you know, expertise on the boat.

1120
00:56:02,200 --> 00:56:03,440
Speaker 18: Who knows? We just don't know.

1121
00:56:03,600 --> 00:56:06,200
Speaker 19: Did they buy apart from Boeing it would be anything.

1122
00:56:07,480 --> 00:56:09,440
Speaker 19: So we have to wait until we get an investigation.

1123
00:56:09,520 --> 00:56:11,399
Speaker 19: But yeah, it's embarrassing. I mean one thing I would

1124
00:56:11,440 --> 00:56:13,560
Speaker 19: say though, Jack, you know I work in the aid sector.

1125
00:56:13,800 --> 00:56:16,240
Speaker 19: You know, we do a lot of emergency humanitarian sponsors

1126
00:56:16,239 --> 00:56:20,040
Speaker 19: in the Pacific, and the New Zealand defense forces generally are.

1127
00:56:20,239 --> 00:56:21,759
Speaker 18: Really well respected.

1128
00:56:21,840 --> 00:56:23,440
Speaker 19: I mean they go in they're not like, you know,

1129
00:56:23,560 --> 00:56:26,280
Speaker 19: no disrespect to the Aussies, but not like other countries

1130
00:56:26,360 --> 00:56:27,640
Speaker 19: where that we know.

1131
00:56:27,719 --> 00:56:29,040
Speaker 18: How to do community ledstone.

1132
00:56:31,040 --> 00:56:33,480
Speaker 19: I don't think it ruins that reputation of us in.

1133
00:56:33,520 --> 00:56:35,800
Speaker 18: The Pacific, but it does not look good. There's a

1134
00:56:35,920 --> 00:56:36,759
Speaker 18: terrible metaphor for.

1135
00:56:37,880 --> 00:56:43,000
Speaker 3: Thinking there's a terrible metaphor and terrible timing like all

1136
00:56:43,120 --> 00:56:46,319
Speaker 3: the places, yeah them half an hour out of arpiatriction.

1137
00:56:46,400 --> 00:56:50,080
Speaker 3: I mean, this is this is really yeah, suboptimal, to

1138
00:56:50,200 --> 00:56:54,480
Speaker 3: say the least, sub being the key word.

1139
00:56:54,920 --> 00:56:59,040
Speaker 20: Yeah, it's it's It's bad, isn't it? Because I think

1140
00:56:59,360 --> 00:57:02,680
Speaker 20: this year a lot of New Zealanders have had a

1141
00:57:02,800 --> 00:57:05,200
Speaker 20: sort of a sinking feeling and this is kind of

1142
00:57:05,800 --> 00:57:10,200
Speaker 20: the ultimate symbol of it. I think there's there's there's

1143
00:57:10,280 --> 00:57:14,399
Speaker 20: three things. So number one, you know, the crew got

1144
00:57:14,440 --> 00:57:17,320
Speaker 20: off safely and and that is always a good thing.

1145
00:57:18,160 --> 00:57:22,280
Speaker 20: Number Two, as you've pointed out, Jack, environmentally, this couldn't

1146
00:57:22,360 --> 00:57:25,880
Speaker 20: be you know, this couldn't be more concerning. So you've

1147
00:57:25,920 --> 00:57:28,320
Speaker 20: got a ship that goes down, it's got all of

1148
00:57:28,360 --> 00:57:31,160
Speaker 20: it's all of it, you know, tank a full of

1149
00:57:32,240 --> 00:57:37,080
Speaker 20: gas and oil and whatever else on board, and it's

1150
00:57:37,160 --> 00:57:40,880
Speaker 20: gone down, not only you know, just off off the

1151
00:57:41,000 --> 00:57:44,080
Speaker 20: coast of a beautiful island. It's in the marine protected area.

1152
00:57:44,720 --> 00:57:48,760
Speaker 20: And New Zealanders will remember the wreck of the Renner

1153
00:57:48,880 --> 00:57:51,760
Speaker 20: of the astrolab reef and the Bay of Plenty. That

1154
00:57:52,040 --> 00:57:56,760
Speaker 20: was our worst environmental disaster. Not only marine life but

1155
00:57:56,960 --> 00:58:01,960
Speaker 20: seabirds were impacted. And the problem about the Mina Wenui

1156
00:58:02,120 --> 00:58:06,440
Speaker 20: now actually thinking and we don't know how deep it's gone,

1157
00:58:07,440 --> 00:58:12,320
Speaker 20: but it could take several years for environmental impacts to

1158
00:58:12,440 --> 00:58:15,240
Speaker 20: show up because as the ship if this, if the

1159
00:58:15,480 --> 00:58:18,439
Speaker 20: fossil fuel isn't taken off it, as the ship breaks down,

1160
00:58:18,600 --> 00:58:22,080
Speaker 20: then you get leak over time and again particularly sensitive

1161
00:58:22,160 --> 00:58:25,840
Speaker 20: area around a coral reef. So you know, my heart

1162
00:58:25,920 --> 00:58:29,720
Speaker 20: also goes out to the local village and you know,

1163
00:58:29,920 --> 00:58:32,120
Speaker 20: and to the people of some are because if this

1164
00:58:32,360 --> 00:58:34,720
Speaker 20: was us, like we had to watch the Rena breakup.

1165
00:58:35,080 --> 00:58:37,840
Speaker 20: It's really really it's really worrying.

1166
00:58:38,320 --> 00:58:41,280
Speaker 3: There's something there's something like really sickening about watching a

1167
00:58:41,320 --> 00:58:41,880
Speaker 3: ship go down.

1168
00:58:44,880 --> 00:58:47,440
Speaker 19: It's a very it's quite an emotional it is.

1169
00:58:48,160 --> 00:58:50,200
Speaker 18: It's an emotional thing, which is why I think you're.

1170
00:58:50,160 --> 00:58:52,240
Speaker 19: Right Trish, that there's just there is just a sense

1171
00:58:52,320 --> 00:58:54,160
Speaker 19: of that's kind of if you had to put an

1172
00:58:54,200 --> 00:58:56,520
Speaker 19: image on twenty twenty four, that'll be it for us

1173
00:58:56,600 --> 00:58:57,200
Speaker 19: in New Zealand.

1174
00:58:57,400 --> 00:58:58,720
Speaker 18: It does feel like that.

1175
00:58:59,480 --> 00:59:02,320
Speaker 19: The one thing perplexes me is why Juth Collins was

1176
00:59:02,640 --> 00:59:06,120
Speaker 19: being so coy about insurance, because it's quite normal for

1177
00:59:06,200 --> 00:59:09,440
Speaker 19: government not to ensure things like navy ships, right, I mean,

1178
00:59:09,960 --> 00:59:12,640
Speaker 19: is it well we have I mean navy ships by definition,

1179
00:59:13,080 --> 00:59:15,600
Speaker 19: are you know, going into risky places.

1180
00:59:15,240 --> 00:59:17,720
Speaker 3: And so on, and that ensured to some things or

1181
00:59:17,760 --> 00:59:18,320
Speaker 3: something some things.

1182
00:59:18,400 --> 00:59:20,200
Speaker 19: Yeah, But I mean why be coy about it because

1183
00:59:20,200 --> 00:59:22,440
Speaker 19: we know that government. You know, the cost of capital

1184
00:59:22,520 --> 00:59:24,480
Speaker 19: is a lot cheaper for government. We can borrow much

1185
00:59:24,560 --> 00:59:26,480
Speaker 19: cheaper if your government. It's not like your house, right,

1186
00:59:26,600 --> 00:59:27,880
Speaker 19: the house burns down, that's gone.

1187
00:59:28,200 --> 00:59:28,800
Speaker 18: We buy a lot.

1188
00:59:28,960 --> 00:59:31,320
Speaker 19: Well, we should be buying lots of things like this anyway.

1189
00:59:31,920 --> 00:59:33,680
Speaker 19: It's an interest I don't quite know why she was

1190
00:59:33,720 --> 00:59:34,680
Speaker 19: being so coy about it.

1191
00:59:35,320 --> 00:59:37,400
Speaker 3: Okay, look, we'll be back with the huddle in a moment.

1192
00:59:37,520 --> 00:59:39,840
Speaker 3: Josie Pigani and Trishearson last you guys about TV and Z.

1193
00:59:40,080 --> 00:59:42,080
Speaker 3: Right now it is fourteen to sex.

1194
00:59:43,520 --> 00:59:47,200
Speaker 1: The huddle with New Zealand Southeby's International Realty. Elevate the

1195
00:59:47,280 --> 00:59:48,600
Speaker 1: marketing of your home.

1196
00:59:48,880 --> 00:59:52,680
Speaker 3: Josey Bigani, trishous in our huddle this evening, Trash TV

1197
00:59:52,720 --> 00:59:55,600
Speaker 3: in deed has announced the first part of its latest

1198
00:59:55,760 --> 00:59:58,920
Speaker 3: organizational changes, a thirty million dollar hole. Day are trying

1199
00:59:59,000 --> 01:00:02,240
Speaker 3: to fix at least just the tough calls that need

1200
01:00:02,280 --> 01:00:02,680
Speaker 3: to be made.

1201
01:00:04,400 --> 01:00:08,440
Speaker 20: I think they are, Jack, And what I wanted to

1202
01:00:08,560 --> 01:00:11,920
Speaker 20: pick up pick you up on was the sort of

1203
01:00:12,520 --> 01:00:16,920
Speaker 20: waiting in whether it's better to have someone in overall

1204
01:00:17,000 --> 01:00:19,240
Speaker 20: for the country, whether it's better to have someone in

1205
01:00:19,480 --> 01:00:20,880
Speaker 20: PR or journalism.

1206
01:00:23,480 --> 01:00:27,480
Speaker 3: The reasons versus Jack, It depends on what kind of

1207
01:00:27,560 --> 01:00:29,640
Speaker 3: PR and what kind of journalism. Let's just say that

1208
01:00:29,760 --> 01:00:33,800
Speaker 3: and call it a tie to the reader side. Guys.

1209
01:00:34,760 --> 01:00:39,840
Speaker 20: But I think look that the thirty million revenue hole

1210
01:00:40,000 --> 01:00:43,240
Speaker 20: has been well signaled, and you know, like any business

1211
01:00:43,680 --> 01:00:46,680
Speaker 20: teving said has to look at you know where it's

1212
01:00:46,720 --> 01:00:50,440
Speaker 20: going to make those savings from. I think what is

1213
01:00:50,640 --> 01:00:55,320
Speaker 20: bad overall, and you touched on it also is this

1214
01:00:55,520 --> 01:00:59,480
Speaker 20: is this is consolidation by closure in the in the media.

1215
01:00:59,600 --> 01:01:03,200
Speaker 20: So you had news Hub closed down, remember their website

1216
01:01:03,680 --> 01:01:09,560
Speaker 20: total closed and so what you know the winners out

1217
01:01:09,640 --> 01:01:14,320
Speaker 20: of this ultimately, if you're just thinking about online eyeballs,

1218
01:01:14,360 --> 01:01:17,200
Speaker 20: the winners are going to be Stuff and the New

1219
01:01:17,280 --> 01:01:21,040
Speaker 20: Zealand Herald websites who are battling it out survey to

1220
01:01:21,160 --> 01:01:25,680
Speaker 20: survey for the number one news website. But you know,

1221
01:01:26,160 --> 01:01:30,000
Speaker 20: it sometimes feels like in New Zealand, in media and

1222
01:01:30,400 --> 01:01:32,280
Speaker 20: in a lot of industries at the moment it's sort

1223
01:01:32,280 --> 01:01:36,480
Speaker 20: of a you know, a puddle in the desert that's

1224
01:01:36,600 --> 01:01:39,880
Speaker 20: just getting smaller and smaller. And you know, having a

1225
01:01:40,000 --> 01:01:43,040
Speaker 20: background as a journalist, I don't think that is a

1226
01:01:43,080 --> 01:01:43,520
Speaker 20: great thing.

1227
01:01:44,360 --> 01:01:49,000
Speaker 3: Yeah, yeah, I mean diversity in everything is good, usually

1228
01:01:49,400 --> 01:01:52,160
Speaker 3: certainly in the news business. What do you think, Josie,

1229
01:01:52,560 --> 01:01:55,000
Speaker 3: is this just inevitable? I mean, thirty million dollars is

1230
01:01:55,160 --> 01:01:56,760
Speaker 3: just it's a vast sum.

1231
01:01:57,320 --> 01:02:01,400
Speaker 19: Yeah, in the industry is changing, that's the reality. I mean,

1232
01:02:01,440 --> 01:02:03,400
Speaker 19: We've all got people we know and friends who are

1233
01:02:03,560 --> 01:02:06,520
Speaker 19: in the media and you worry about it. It's the

1234
01:02:06,600 --> 01:02:09,560
Speaker 19: second time this has happened at TV and Z. But

1235
01:02:09,680 --> 01:02:11,439
Speaker 19: at the same time, there are people losing the jobs

1236
01:02:11,440 --> 01:02:14,800
Speaker 19: all over New Zealand at the moment, which is pretty tragic.

1237
01:02:14,880 --> 01:02:17,040
Speaker 19: And we've got two hundred and thirty I've got Cousins

1238
01:02:17,840 --> 01:02:23,080
Speaker 19: Windstone Pulp and paper mills, method X may lose seven hundred.

1239
01:02:23,080 --> 01:02:25,360
Speaker 19: And I think there's a tendency for us to focus

1240
01:02:25,400 --> 01:02:27,440
Speaker 19: in the media on jobs in the media.

1241
01:02:27,280 --> 01:02:28,040
Speaker 18: Or the public sector.

1242
01:02:28,040 --> 01:02:30,560
Speaker 19: And actually this is happening right across the country. But

1243
01:02:30,680 --> 01:02:32,320
Speaker 19: the other thing I would say about TV and said,

1244
01:02:32,720 --> 01:02:35,840
Speaker 19: I didn't even know there was a TV zed news website,

1245
01:02:36,200 --> 01:02:40,520
Speaker 19: and I'm very motivated to go there and I just

1246
01:02:40,640 --> 01:02:42,720
Speaker 19: go to I go to stuff, I go to Herald,

1247
01:02:42,800 --> 01:02:46,120
Speaker 19: I go to the Post, you know, and I think

1248
01:02:46,520 --> 01:02:48,320
Speaker 19: that is a problem, right, So I do think maybe

1249
01:02:48,400 --> 01:02:51,920
Speaker 19: looking at combining Radio New Zealand, TV ands AD websites

1250
01:02:52,040 --> 01:02:55,240
Speaker 19: so that they can compete on a level playing field.

1251
01:02:55,040 --> 01:02:57,080
Speaker 18: With the Herald with stuff and so on.

1252
01:02:57,400 --> 01:02:58,960
Speaker 19: So change does have to happen.

1253
01:02:59,320 --> 01:03:00,360
Speaker 18: And the industry changing.

1254
01:03:00,520 --> 01:03:00,640
Speaker 15: You know.

1255
01:03:00,800 --> 01:03:02,480
Speaker 19: Look, it's taken a long time for people to come

1256
01:03:02,480 --> 01:03:05,360
Speaker 19: off landlines, off you know, checks and I do think

1257
01:03:05,440 --> 01:03:09,160
Speaker 19: linear TV we know it's going, so it's a transition.

1258
01:03:09,240 --> 01:03:10,680
Speaker 19: You have to keep it going for some people who

1259
01:03:10,720 --> 01:03:12,800
Speaker 19: watch it, but there's a hell of a lot changing

1260
01:03:12,840 --> 01:03:13,400
Speaker 19: in the industry.

1261
01:03:13,480 --> 01:03:15,600
Speaker 3: It does have to change, all right, Wednesday's a big

1262
01:03:15,680 --> 01:03:17,520
Speaker 3: day for the OCO. What are you picking twenty five

1263
01:03:17,640 --> 01:03:18,600
Speaker 3: or fifty trash?

1264
01:03:20,080 --> 01:03:22,960
Speaker 20: Well, the one thing I do know is the economists

1265
01:03:23,000 --> 01:03:27,200
Speaker 20: haven't got a clue and I would absolutely not put

1266
01:03:27,320 --> 01:03:30,200
Speaker 20: money these days on what the Reserve Bank is going

1267
01:03:30,280 --> 01:03:33,040
Speaker 20: to do. And probably if economists is saying fifty basis points,

1268
01:03:33,120 --> 01:03:34,000
Speaker 20: it'll be a twenty.

1269
01:03:34,200 --> 01:03:35,680
Speaker 3: Twenty five, Yeah, totally. What do you think?

1270
01:03:35,880 --> 01:03:37,560
Speaker 19: It reminds me of the joke of the shipwreck and

1271
01:03:37,600 --> 01:03:39,800
Speaker 19: the economists says, I've got an idea of how we've

1272
01:03:39,840 --> 01:03:40,400
Speaker 19: got no food.

1273
01:03:40,480 --> 01:03:41,520
Speaker 18: We've just got tens and no.

1274
01:03:41,600 --> 01:03:44,120
Speaker 19: Can opener, and he starts off by saying, imagine we

1275
01:03:44,240 --> 01:03:45,080
Speaker 19: had a tin opener.

1276
01:03:45,280 --> 01:03:46,840
Speaker 3: Yeah, so yeah, you're right, trash.

1277
01:03:47,400 --> 01:03:48,920
Speaker 19: But look, it has to go down. I mean, the

1278
01:03:48,960 --> 01:03:51,560
Speaker 19: economy is flailing, its grinding to a holt. But the

1279
01:03:51,600 --> 01:03:55,560
Speaker 19: problem is the national came in reverse, the the ability

1280
01:03:55,600 --> 01:03:57,320
Speaker 19: for the Reserve Bank to look at more than just

1281
01:03:57,440 --> 01:04:00,760
Speaker 19: pricing and inflation. They can't legally look at the economy

1282
01:04:01,280 --> 01:04:02,320
Speaker 19: and John, I feel like.

1283
01:04:02,360 --> 01:04:05,120
Speaker 3: They do that anyway. I'm not totally convinced that having

1284
01:04:05,200 --> 01:04:07,840
Speaker 3: that dual mandate actually made much of a difference personally.

1285
01:04:09,640 --> 01:04:14,600
Speaker 19: See Jack that legally they can't look at both the directive.

1286
01:04:14,720 --> 01:04:15,520
Speaker 3: Yeah, I hope.

1287
01:04:15,320 --> 01:04:17,160
Speaker 18: Adrian is and yes it should be fifty.

1288
01:04:17,480 --> 01:04:20,560
Speaker 3: It should go down all right, guys really appreciate it.

1289
01:04:20,680 --> 01:04:24,360
Speaker 3: Josie Bigani, intristious and our huddlers this evening right now

1290
01:04:24,440 --> 01:04:25,600
Speaker 3: seven to six on News Talks.

1291
01:04:25,600 --> 01:04:29,320
Speaker 1: He'd be on your smart speaker, on the iHeart app

1292
01:04:29,440 --> 01:04:32,240
Speaker 1: and in your car on your drive home. Heather duple

1293
01:04:32,360 --> 01:04:36,200
Speaker 1: c allan drive with one New Zealand one Giant Leap

1294
01:04:36,320 --> 01:04:37,760
Speaker 1: for Business News Talk.

1295
01:04:39,040 --> 01:04:41,000
Speaker 3: Thank you very much for your feedback on news Talks,

1296
01:04:41,040 --> 01:04:43,400
Speaker 3: he'd be Jack. I think it's absolute bollocks that anyone

1297
01:04:43,520 --> 01:04:46,200
Speaker 3: should play down the ship sinking, as far as I'm concerned,

1298
01:04:46,320 --> 01:04:47,800
Speaker 3: his breath, there's an utter embarrassment.

1299
01:04:48,080 --> 01:04:48,280
Speaker 2: Jack.

1300
01:04:48,320 --> 01:04:50,880
Speaker 3: In the Second World War, millions of tons of ships

1301
01:04:51,120 --> 01:04:55,040
Speaker 3: sunk all around the Pacific Islands, mostly oilers. The munitions

1302
01:04:55,080 --> 01:04:56,800
Speaker 3: all went to the bottom of the ocean as well.

1303
01:04:57,280 --> 01:05:00,840
Speaker 3: In many cases it's still there. What was the ronmental damage.

1304
01:05:00,880 --> 01:05:03,240
Speaker 3: Then as far as I can say, we're all too precious. Now,

1305
01:05:03,400 --> 01:05:06,200
Speaker 3: oh I don't think we don't think we're precious in

1306
01:05:06,320 --> 01:05:09,080
Speaker 3: this in this situation, it's not truthfully, it's not very

1307
01:05:09,120 --> 01:05:12,200
Speaker 3: far offshore from what I understand about the Monimnui. I

1308
01:05:12,280 --> 01:05:15,480
Speaker 3: mean it hit the reef from all accounts as clear

1309
01:05:15,520 --> 01:05:17,840
Speaker 3: it was clearly visible when it was going down. So

1310
01:05:18,120 --> 01:05:20,760
Speaker 3: it's very close to the shoreline and obviously the environmental

1311
01:05:20,800 --> 01:05:23,520
Speaker 3: concerns are going to be significant. But thank you very

1312
01:05:23,560 --> 01:05:26,040
Speaker 3: much for your feedback. If you want to send us

1313
01:05:26,080 --> 01:05:28,560
Speaker 3: a message, the easiest thing to do is to flip

1314
01:05:28,680 --> 01:05:31,680
Speaker 3: your text. Nine two nine two is our text number.

1315
01:05:31,720 --> 01:05:34,560
Speaker 3: You can email on the as well Jack at NEWSTALKZB

1316
01:05:34,720 --> 01:05:38,160
Speaker 3: dot co dot nz. So you know, everyone absolutely freaked

1317
01:05:38,200 --> 01:05:42,800
Speaker 3: out about the price of electricity and the role that

1318
01:05:43,000 --> 01:05:46,760
Speaker 3: the Gen Tailor's structure might be playing in the price

1319
01:05:46,800 --> 01:05:49,400
Speaker 3: of electricity. A couple of months ago, well, there's new

1320
01:05:49,400 --> 01:05:52,800
Speaker 3: analysis out that shows the power company's investment into new

1321
01:05:52,920 --> 01:05:57,920
Speaker 3: generation dropped significantly after they were listed, which is intriguing

1322
01:05:57,960 --> 01:06:00,800
Speaker 3: and certainly from the Gen tailor's arm. Already, the suggestions

1323
01:06:00,840 --> 01:06:04,840
Speaker 3: have been that actually the gentailors lacked any real financial

1324
01:06:05,160 --> 01:06:12,880
Speaker 3: incentive to dramatically increase generation capacity, because why increase generation

1325
01:06:12,960 --> 01:06:15,480
Speaker 3: capacity if that's going to bring the price of electricity

1326
01:06:15,520 --> 01:06:17,880
Speaker 3: down and you're the one selling that electricity anyway, We're

1327
01:06:17,880 --> 01:06:19,960
Speaker 3: going to ask the Finance Minister about that very shortly,

1328
01:06:20,000 --> 01:06:24,120
Speaker 3: plus get her thoughts on the OCR announcement this week.

1329
01:06:24,640 --> 01:06:26,440
Speaker 3: I think must be what the second to last one

1330
01:06:26,560 --> 01:06:28,640
Speaker 3: for twenty twenty four one more in November as well.

1331
01:06:28,720 --> 01:06:31,480
Speaker 3: But two o'clock all lies on the Reserve Bank this

1332
01:06:31,640 --> 01:06:35,520
Speaker 3: Wednesday as they presumably pack either a twenty five or

1333
01:06:35,600 --> 01:06:37,960
Speaker 3: fifty basis point cup. It's almost six o'clock on News

1334
01:06:38,000 --> 01:06:38,480
Speaker 3: Dogs EDB.

1335
01:06:41,800 --> 01:06:46,720
Speaker 1: We're Business meets Insight the Business Hour with Jack Tame

1336
01:06:47,160 --> 01:06:50,120
Speaker 1: and My Hr on News DOGSB.

1337
01:06:57,360 --> 01:07:00,840
Speaker 3: News Dogs dB. You were Jacktam and for heav Douplicy Allen.

1338
01:07:00,920 --> 01:07:04,280
Speaker 3: She is having a well deserved break. Before seven o'clock

1339
01:07:04,680 --> 01:07:06,640
Speaker 3: we're going to get a Westpax Chief Economists. They have

1340
01:07:06,880 --> 01:07:09,640
Speaker 3: updated their forecast. It's being a fifty basis point cut

1341
01:07:10,040 --> 01:07:13,880
Speaker 3: when the Reserve Bank views the OCR come Wednesday. Right

1342
01:07:13,920 --> 01:07:17,200
Speaker 3: now though, it's seven minutes past six and time to

1343
01:07:17,280 --> 01:07:19,320
Speaker 3: catch up with Finance Minister Nicola Willis, who is in

1344
01:07:19,400 --> 01:07:22,760
Speaker 3: for a weekly check Kielder, Kyoto Jack. We'll get to

1345
01:07:22,760 --> 01:07:24,000
Speaker 3: the i CR in a couple of minutes, but I

1346
01:07:24,080 --> 01:07:27,520
Speaker 3: want to start off with atmens Manawanui and just just

1347
01:07:27,800 --> 01:07:30,640
Speaker 3: awful to see you know that that situation off the

1348
01:07:30,680 --> 01:07:34,840
Speaker 3: south coast of Upula and Samoa. In what ways is

1349
01:07:34,920 --> 01:07:36,480
Speaker 3: this incident going to cost us?

1350
01:07:38,080 --> 01:07:42,000
Speaker 21: Well, I look obviously terrible and horrible for everyone who

1351
01:07:42,120 --> 01:07:44,960
Speaker 21: was on board, and in fact all members of the Navy,

1352
01:07:45,240 --> 01:07:48,360
Speaker 21: who I'm sure feel very distressed to see one of

1353
01:07:48,440 --> 01:07:51,480
Speaker 21: their vessels submerged like that and to think of the

1354
01:07:51,920 --> 01:07:55,320
Speaker 21: danger that existed to human life. So I think the

1355
01:07:55,360 --> 01:07:57,760
Speaker 21: most important thing is that we have come through without

1356
01:07:57,920 --> 01:08:01,880
Speaker 21: any loss of life. Yeah, the costs now are obviously

1357
01:08:02,040 --> 01:08:06,040
Speaker 21: about salvage and cleanup. It's really important that New Zealand

1358
01:08:06,480 --> 01:08:09,640
Speaker 21: does its absolute best there for the people of sar More,

1359
01:08:10,520 --> 01:08:13,760
Speaker 21: the ship itself had the equivalent of third party insurance

1360
01:08:14,480 --> 01:08:17,479
Speaker 21: to provide some cover for that salvage and clean up.

1361
01:08:17,560 --> 01:08:21,000
Speaker 21: The ship itself isn't covered by insurance, and so obviously

1362
01:08:21,640 --> 01:08:24,479
Speaker 21: we will need to replace that capability in the future,

1363
01:08:24,560 --> 01:08:25,879
Speaker 21: which will come with a cost.

1364
01:08:25,880 --> 01:08:29,120
Speaker 3: Right, Okay, So let's start off with the with the

1365
01:08:29,640 --> 01:08:31,760
Speaker 3: cleanup cost you. So it's got the equivalent of third

1366
01:08:31,840 --> 01:08:36,600
Speaker 3: party insurance. So does that mean that the entire salvage

1367
01:08:36,640 --> 01:08:38,800
Speaker 3: and cleanup is covered or are we on the hook

1368
01:08:38,840 --> 01:08:39,639
Speaker 3: for some of that as well?

1369
01:08:40,520 --> 01:08:42,840
Speaker 15: I've been advised that it provides some cover.

1370
01:08:43,040 --> 01:08:44,519
Speaker 3: Jack some cover?

1371
01:08:45,120 --> 01:08:45,160
Speaker 1: What?

1372
01:08:45,360 --> 01:08:46,200
Speaker 15: Some cover? What?

1373
01:08:46,720 --> 01:08:48,360
Speaker 3: Can you tell us more about that? How much is that?

1374
01:08:49,080 --> 01:08:51,720
Speaker 21: I don't have those details. I've just been advised that

1375
01:08:51,840 --> 01:08:54,360
Speaker 21: it has some cover for salvage.

1376
01:08:53,960 --> 01:08:56,720
Speaker 3: And clean up, right, okay? And so would it be

1377
01:08:56,760 --> 01:08:58,800
Speaker 3: a percentage or a dollar sum? Do you think that

1378
01:08:58,880 --> 01:08:59,559
Speaker 3: would be covered?

1379
01:09:00,080 --> 01:09:04,040
Speaker 21: Well, obviously that'll be a discussion with the insurance company

1380
01:09:04,160 --> 01:09:07,000
Speaker 21: involved and with the Defense Force. So I'm not able

1381
01:09:07,080 --> 01:09:08,479
Speaker 21: to go into any details about that.

1382
01:09:08,680 --> 01:09:11,200
Speaker 3: But the ship itself isn't insured.

1383
01:09:11,960 --> 01:09:16,120
Speaker 21: No, Historically, Royal New Zealand navy vessels aren't insured due

1384
01:09:16,160 --> 01:09:18,519
Speaker 21: to the prohibitive cost. That's been the case of a

1385
01:09:18,680 --> 01:09:23,320
Speaker 21: successive governments and over many decades. And even if policies

1386
01:09:23,400 --> 01:09:26,800
Speaker 21: like that are purchased, they've got such limitations and exclusions

1387
01:09:26,840 --> 01:09:30,719
Speaker 21: and conditions that they're not really a viable product.

1388
01:09:31,080 --> 01:09:31,240
Speaker 2: Right.

1389
01:09:31,400 --> 01:09:34,360
Speaker 3: So, basically, for one of a better term to put

1390
01:09:34,400 --> 01:09:37,360
Speaker 3: this in civilian context, that the premiums are too expensive

1391
01:09:37,520 --> 01:09:40,920
Speaker 3: so we don't we don't ensure our naval ships. What then,

1392
01:09:41,040 --> 01:09:44,560
Speaker 3: is your best estimate at the stage for if we

1393
01:09:44,680 --> 01:09:46,840
Speaker 3: put the cost of replacing the ship to one side

1394
01:09:46,880 --> 01:09:48,960
Speaker 3: and don't include that, what is your best estimate at

1395
01:09:49,000 --> 01:09:51,920
Speaker 3: the stage for the cost of this incident to the

1396
01:09:51,960 --> 01:09:52,839
Speaker 3: New Zealand taxpayer.

1397
01:09:53,439 --> 01:09:57,200
Speaker 21: I don't have an estimate of that cost yet, but

1398
01:09:57,400 --> 01:10:00,960
Speaker 21: I'm sure that people listening join me being grateful that

1399
01:10:01,080 --> 01:10:03,799
Speaker 21: we haven't had any loss of life, that we're thankful

1400
01:10:03,880 --> 01:10:07,240
Speaker 21: to the people of Sama who were so quick and

1401
01:10:07,400 --> 01:10:10,720
Speaker 21: effective in their response. And now we will work through

1402
01:10:10,840 --> 01:10:14,640
Speaker 21: the other issues, the salvage issues, the financial issues, and

1403
01:10:15,160 --> 01:10:19,280
Speaker 21: we're already doing a defense capability review as a government,

1404
01:10:19,520 --> 01:10:22,560
Speaker 21: and obviously there's now another capability that we need to

1405
01:10:23,000 --> 01:10:24,960
Speaker 21: add to our future plans, one that we thought we

1406
01:10:25,040 --> 01:10:26,639
Speaker 21: had last week but don't have today.

1407
01:10:26,800 --> 01:10:32,120
Speaker 3: Yeah, excuse these really just obvious questions. But is it

1408
01:10:32,240 --> 01:10:34,400
Speaker 3: possible from what you understand, that we will be able

1409
01:10:34,439 --> 01:10:37,400
Speaker 3: to salvage the entire ship off the reef, that will

1410
01:10:37,400 --> 01:10:38,639
Speaker 3: be able to remove it. I get it that it's

1411
01:10:38,640 --> 01:10:40,559
Speaker 3: not going to be sailing again, understand that, But are

1412
01:10:40,600 --> 01:10:41,879
Speaker 3: we going to be able to get the whole.

1413
01:10:41,680 --> 01:10:45,400
Speaker 21: Thing off, I haven't had a briefing about the details

1414
01:10:45,439 --> 01:10:47,719
Speaker 21: of that. I think in the first instance, our focus

1415
01:10:47,840 --> 01:10:52,960
Speaker 21: is on reducing any environmental damage or any danger to others,

1416
01:10:53,040 --> 01:10:56,520
Speaker 21: So that's the initial focus in terms of what practically

1417
01:10:56,600 --> 01:10:58,880
Speaker 21: happens here. Sorry, you've got the wrong minister. I think

1418
01:10:58,960 --> 01:11:01,600
Speaker 21: Minister Collins probably have a bit more detail on it

1419
01:11:01,640 --> 01:11:02,000
Speaker 21: than I do.

1420
01:11:02,160 --> 01:11:05,600
Speaker 3: Know all good, I understand that is this embarrassing for

1421
01:11:05,680 --> 01:11:06,160
Speaker 3: New Zealand.

1422
01:11:07,600 --> 01:11:10,840
Speaker 21: Oh look, I think in this instance no one likes

1423
01:11:10,840 --> 01:11:14,600
Speaker 21: seeing a ship go down, But as I say, I'm

1424
01:11:14,760 --> 01:11:16,920
Speaker 21: just grateful that there hasn't been loss of life, and

1425
01:11:17,040 --> 01:11:19,639
Speaker 21: that is the most important thing. Is now a court

1426
01:11:19,720 --> 01:11:23,040
Speaker 21: of inquiry, and I'd be very hesitant to make any

1427
01:11:23,200 --> 01:11:26,080
Speaker 21: judgment ahead of having the facts on the table, So

1428
01:11:27,320 --> 01:11:29,120
Speaker 21: I wouldn't I wouldn't jump to say that there's any

1429
01:11:29,160 --> 01:11:30,599
Speaker 21: embarrassment they're.

1430
01:11:30,400 --> 01:11:33,760
Speaker 3: Being said, like, you know, you combine this with the

1431
01:11:33,840 --> 01:11:37,280
Speaker 3: seven five sevens, the state of defense housing, like, there

1432
01:11:37,320 --> 01:11:40,040
Speaker 3: are a lot of people who would say that perhaps

1433
01:11:40,080 --> 01:11:43,439
Speaker 3: the investments over time that are required from the New

1434
01:11:43,520 --> 01:11:47,240
Speaker 3: Zealand Defense Force to be ready for the world as

1435
01:11:47,280 --> 01:11:49,280
Speaker 3: it is today have not necessarily been made.

1436
01:11:50,120 --> 01:11:50,200
Speaker 2: Well.

1437
01:11:50,200 --> 01:11:52,200
Speaker 21: Look, as I say, I think it would be really

1438
01:11:52,320 --> 01:11:55,200
Speaker 21: jumping to a conclusion to say that that those were

1439
01:11:55,240 --> 01:11:57,920
Speaker 21: the issues that were at play here. Obviously, there's been

1440
01:11:58,520 --> 01:12:01,920
Speaker 21: a terrible accident. We don't know the cause yet. It's

1441
01:12:02,000 --> 01:12:05,240
Speaker 21: too early to apportion blame or responsibility or understand the

1442
01:12:05,360 --> 01:12:07,760
Speaker 21: underlying drivers. We do need to find out exactly what

1443
01:12:07,880 --> 01:12:10,559
Speaker 21: happened and draw conclusions after that. That's what the Court

1444
01:12:10,600 --> 01:12:12,280
Speaker 21: of Inquiry process is about the.

1445
01:12:12,320 --> 01:12:13,439
Speaker 3: Health New Zealand deficit.

1446
01:12:13,680 --> 01:12:18,200
Speaker 21: You surprised, Well, look, these are exactly the issues that

1447
01:12:18,520 --> 01:12:21,840
Speaker 21: we have sent leicster Levy in to help us fix up.

1448
01:12:22,560 --> 01:12:26,200
Speaker 21: We knew that there were emerging issues in which Health

1449
01:12:26,240 --> 01:12:29,200
Speaker 21: New Zealand was not keeping to the budget it had

1450
01:12:29,240 --> 01:12:32,599
Speaker 21: set for itself, and we're grappling with those issues, right.

1451
01:12:32,640 --> 01:12:36,240
Speaker 3: Yeah, I mean it's it just seems like the cost

1452
01:12:36,320 --> 01:12:38,880
Speaker 3: on these front seem to grow and grow and grow

1453
01:12:39,080 --> 01:12:42,880
Speaker 3: and grow. How much more money does the system need?

1454
01:12:43,920 --> 01:12:47,640
Speaker 21: Well, we as a government have committed to increase the

1455
01:12:47,720 --> 01:12:51,479
Speaker 21: amount of funding for Health New Zealand every year that

1456
01:12:51,560 --> 01:12:55,040
Speaker 21: we are in office by considerable amounts. We accept that

1457
01:12:55,160 --> 01:12:57,640
Speaker 21: its budget is going to keep rising. That's just the

1458
01:12:57,760 --> 01:13:01,599
Speaker 21: reality of the needs that Zealanders have from our health system.

1459
01:13:01,720 --> 01:13:05,720
Speaker 21: So we have committed sixteen point seven billion over the

1460
01:13:05,800 --> 01:13:09,680
Speaker 21: coming years. That includes five point seven billion and the

1461
01:13:09,720 --> 01:13:13,519
Speaker 21: budget just passed in pre commitments of five point five

1462
01:13:13,600 --> 01:13:16,920
Speaker 21: billion against each of next year's budget and the budget

1463
01:13:17,000 --> 01:13:21,880
Speaker 21: after that. So we accept that more funding's necessary. But

1464
01:13:22,080 --> 01:13:24,639
Speaker 21: even when you're putting in billions more as we are,

1465
01:13:24,960 --> 01:13:26,920
Speaker 21: you still need the organization to be able to run

1466
01:13:26,960 --> 01:13:28,400
Speaker 21: a budget and stick to its budget.

1467
01:13:29,240 --> 01:13:33,200
Speaker 3: TV and ZED has announced another big organizational change. We

1468
01:13:33,280 --> 01:13:36,000
Speaker 3: don't have heaps of detail yet on the roles that

1469
01:13:36,040 --> 01:13:38,320
Speaker 3: are likely to be affected. However, they're obviously trying to

1470
01:13:38,320 --> 01:13:40,599
Speaker 3: make up for a thirty million dollar bill. I've got

1471
01:13:40,640 --> 01:13:43,240
Speaker 3: a big, big, big picture of question for you here.

1472
01:13:44,280 --> 01:13:47,040
Speaker 3: Do you think it is possible for a company in

1473
01:13:47,120 --> 01:13:50,240
Speaker 3: this day and age to produce high quality New Zealand

1474
01:13:50,280 --> 01:13:54,759
Speaker 3: content for TV and streaming whilst also returning a profit.

1475
01:13:56,360 --> 01:14:00,160
Speaker 21: I think it is possible, Jack, and I think that

1476
01:14:00,360 --> 01:14:03,320
Speaker 21: it will be done differently in the future from how

1477
01:14:03,400 --> 01:14:05,840
Speaker 21: it's been done in the past. The way that people

1478
01:14:06,000 --> 01:14:09,360
Speaker 21: consume news now is so different. They consume it on

1479
01:14:09,400 --> 01:14:13,040
Speaker 21: their phones, they consume it at the time of their choosing.

1480
01:14:13,840 --> 01:14:17,120
Speaker 21: They get to it through social media, websites and other channels,

1481
01:14:17,160 --> 01:14:19,920
Speaker 21: So the nature of how we consume news is changing,

1482
01:14:20,000 --> 01:14:22,920
Speaker 21: but I still think there is a real audience out

1483
01:14:23,000 --> 01:14:27,600
Speaker 21: there for high quality New Zealand content. And obviously my

1484
01:14:27,720 --> 01:14:31,080
Speaker 21: thoughts are with everyone at TVNZ as they go through

1485
01:14:31,160 --> 01:14:32,520
Speaker 21: this really difficult.

1486
01:14:32,200 --> 01:14:34,360
Speaker 15: Period of change and uncertainty.

1487
01:14:35,080 --> 01:14:38,040
Speaker 21: It is something that we're seeing for media outlets around

1488
01:14:38,120 --> 01:14:41,280
Speaker 21: the country and around the world because it's a sector

1489
01:14:41,360 --> 01:14:45,280
Speaker 21: that has just been massively disrupted by the Internet and

1490
01:14:45,479 --> 01:14:47,960
Speaker 21: has made big changes. But as I say, I think

1491
01:14:48,000 --> 01:14:51,559
Speaker 21: in the end, people want authoritative news that they can trust.

1492
01:14:51,720 --> 01:14:54,560
Speaker 21: They want local content, they want local stories, and I

1493
01:14:54,640 --> 01:14:56,040
Speaker 21: think they'll continue to be a place for that.

1494
01:14:56,240 --> 01:14:59,360
Speaker 3: It's it's not just the news though, right And this

1495
01:14:59,520 --> 01:15:01,360
Speaker 3: is the big angel tv Z. I mean, I mean

1496
01:15:02,800 --> 01:15:05,080
Speaker 3: when you talk about local content, it's all of those

1497
01:15:05,160 --> 01:15:08,080
Speaker 3: other you know, local TV shows. And the truth is

1498
01:15:08,800 --> 01:15:11,679
Speaker 3: I mean, if you were just concerned with returning a profit,

1499
01:15:11,800 --> 01:15:13,639
Speaker 3: you could just put on you put on the Chase

1500
01:15:13,720 --> 01:15:16,400
Speaker 3: twenty four seven or something like that, and and and

1501
01:15:16,720 --> 01:15:20,080
Speaker 3: you know people would watch, advertisers would pay, but you

1502
01:15:20,200 --> 01:15:22,880
Speaker 3: might not reflect New Zealand in the same way. Do

1503
01:15:22,960 --> 01:15:23,800
Speaker 3: you think that we love.

1504
01:15:23,800 --> 01:15:26,160
Speaker 21: Seeing our own stories and our own culture and our

1505
01:15:26,240 --> 01:15:30,400
Speaker 21: own extent on TV tune, short line Street.

1506
01:15:30,479 --> 01:15:32,320
Speaker 3: Yeah, they just cost so much money though, right, like

1507
01:15:32,400 --> 01:15:34,280
Speaker 3: compared to competitor shipping in the chase.

1508
01:15:35,840 --> 01:15:38,519
Speaker 21: Look, they do come with a cost, and I think

1509
01:15:38,600 --> 01:15:41,000
Speaker 21: that there will continue to be an audience for them,

1510
01:15:41,240 --> 01:15:44,040
Speaker 21: and so how they how they marry up that cost

1511
01:15:44,200 --> 01:15:47,760
Speaker 21: versus that audience and how they bring that together is

1512
01:15:48,040 --> 01:15:51,040
Speaker 21: obviously a matter for all those media experts. But if

1513
01:15:51,040 --> 01:15:53,640
Speaker 21: you ask me, is there a future audience that is

1514
01:15:53,680 --> 01:15:56,439
Speaker 21: going to generate enough revenue to justify those sorts of

1515
01:15:56,479 --> 01:15:57,240
Speaker 21: products in the future.

1516
01:15:57,320 --> 01:15:58,720
Speaker 15: Yes, I'm optimistic there will be.

1517
01:15:59,000 --> 01:16:02,400
Speaker 3: What project are you most excited about on the fast

1518
01:16:02,439 --> 01:16:02,880
Speaker 3: track list?

1519
01:16:04,800 --> 01:16:06,920
Speaker 15: Oh, that's a good question. Of course.

1520
01:16:06,960 --> 01:16:09,080
Speaker 21: I have to say doubling the Mountain Vac Tunnel because

1521
01:16:09,120 --> 01:16:13,080
Speaker 21: that's an overdue project here in Wellington that I've campaigned

1522
01:16:13,200 --> 01:16:14,800
Speaker 21: for since I became an MP.

1523
01:16:15,680 --> 01:16:17,400
Speaker 15: But look, the most exciting thing to me.

1524
01:16:17,520 --> 01:16:23,200
Speaker 21: Is fifty five thousand new homes being consented across multiple projects,

1525
01:16:23,280 --> 01:16:27,920
Speaker 21: big housing projects. That actually, here's people willing to invest

1526
01:16:27,960 --> 01:16:31,000
Speaker 21: in private money, developers who want to get on and

1527
01:16:31,040 --> 01:16:33,400
Speaker 21: build those homes. What they need is the consent and

1528
01:16:33,600 --> 01:16:36,000
Speaker 21: fast tracking that so we bring new homes to market

1529
01:16:36,439 --> 01:16:39,920
Speaker 21: that's how we address our housing affordability issues in this country,

1530
01:16:40,240 --> 01:16:43,080
Speaker 21: and that's one of the issues that I am government

1531
01:16:43,160 --> 01:16:43,800
Speaker 21: want to be part of.

1532
01:16:43,840 --> 01:16:46,439
Speaker 3: Solving twenty five or fifty basis points.

1533
01:16:47,720 --> 01:16:49,640
Speaker 15: Well, the markets are picking fifty, aren't they.

1534
01:16:49,720 --> 01:16:49,920
Speaker 2: Jack.

1535
01:16:49,960 --> 01:16:52,040
Speaker 15: I've got to stand my lane. I've got to stand

1536
01:16:52,080 --> 01:16:52,439
Speaker 15: my lane.

1537
01:16:52,520 --> 01:16:54,720
Speaker 21: But it's interesting all the big bank economists and I

1538
01:16:54,720 --> 01:16:57,920
Speaker 21: see you've got Westpac coming on later, they're all saying fifty.

1539
01:16:59,160 --> 01:17:02,720
Speaker 21: So that's the way the markets leaning. And ultimately it

1540
01:17:02,720 --> 01:17:04,919
Speaker 21: will of course be up to the Monetary Policy Committee

1541
01:17:04,960 --> 01:17:08,639
Speaker 21: and Adrian or to make their decision. But the only

1542
01:17:08,680 --> 01:17:09,519
Speaker 21: way seems to be down.

1543
01:17:09,960 --> 01:17:12,000
Speaker 3: Thanks for your Tom, we appreciate it. That is Finance

1544
01:17:12,080 --> 01:17:15,920
Speaker 3: Minister Nikola Willis seventeen past sixty with Jactaim on Newstalks EDB.

1545
01:17:16,840 --> 01:17:20,120
Speaker 2: Crunching the numbers and getting the results. It's heather due

1546
01:17:20,160 --> 01:17:22,120
Speaker 2: to c Ellen with the business.

1547
01:17:21,880 --> 01:17:25,360
Speaker 1: Hours thanks to my HR, the HR platform for SME

1548
01:17:25,640 --> 01:17:27,960
Speaker 1: on Newstalks EDB twenty par.

1549
01:17:28,040 --> 01:17:30,240
Speaker 3: Six on Newstalks dB. Yeah, big news this week from

1550
01:17:30,240 --> 01:17:32,760
Speaker 3: the Reserve Bank and its next OCR decision. We're going

1551
01:17:32,800 --> 01:17:34,320
Speaker 3: to have a closer look at this after six thirty

1552
01:17:34,360 --> 01:17:36,920
Speaker 3: with west Pax chief economists, But what are the capital

1553
01:17:37,000 --> 01:17:40,599
Speaker 3: markets expecting? They are expecting fifty points fifty basis points

1554
01:17:40,640 --> 01:17:42,920
Speaker 3: harbor asset Management. Shane Sally is a weather US this

1555
01:17:43,040 --> 01:17:45,840
Speaker 3: evening high Shane, Yeah, he Jack, Yeah, they're pretty much

1556
01:17:45,880 --> 01:17:46,519
Speaker 3: going fifty right.

1557
01:17:47,320 --> 01:17:50,080
Speaker 22: Well, look, it's odds on. I think there's plenty of

1558
01:17:50,160 --> 01:17:52,760
Speaker 22: ammunition for the bank assumingly think about it, and if

1559
01:17:52,840 --> 01:17:56,880
Speaker 22: I look at what the capital markets are actually pricing. Again,

1560
01:17:57,040 --> 01:17:59,599
Speaker 22: if we look at official rates next year this time

1561
01:17:59,640 --> 01:18:02,679
Speaker 22: next year, the markets assuming they'll about two point nine percent,

1562
01:18:02,760 --> 01:18:04,960
Speaker 22: that's down two point three five percent from what we

1563
01:18:05,040 --> 01:18:10,599
Speaker 22: are now. So he has the ammunition. Perhaps some more

1564
01:18:10,720 --> 01:18:13,160
Speaker 22: measured reduction might give us some more amminition in case

1565
01:18:13,160 --> 01:18:16,960
Speaker 22: there's another tough time. But I think he's going to

1566
01:18:17,000 --> 01:18:17,400
Speaker 22: have to move.

1567
01:18:17,680 --> 01:18:19,280
Speaker 3: Yeah, what about going forward?

1568
01:18:20,240 --> 01:18:22,240
Speaker 22: Yeah, look, I think this is the case that we've

1569
01:18:22,240 --> 01:18:25,439
Speaker 22: seen with the Federal Reserve as well. Go and do

1570
01:18:25,560 --> 01:18:28,799
Speaker 22: the fifty and everything now is measured, it's twenty fives.

1571
01:18:29,040 --> 01:18:31,160
Speaker 22: Get used to this. We're going to be data dependent.

1572
01:18:31,840 --> 01:18:32,720
Speaker 22: Similar story here.

1573
01:18:32,760 --> 01:18:35,600
Speaker 3: I think Over says the US markets are liking the

1574
01:18:35,760 --> 01:18:36,599
Speaker 3: falling interest rates.

1575
01:18:37,400 --> 01:18:39,160
Speaker 22: Yeah, look, I think it's been a bit of a

1576
01:18:39,240 --> 01:18:42,679
Speaker 22: goldilocks in the US. We saw some stronger jobs numbers

1577
01:18:42,720 --> 01:18:46,599
Speaker 22: out in the US on Friday than expected. That's perhaps

1578
01:18:46,680 --> 01:18:50,920
Speaker 22: taking the pressure off the US Federal Reserve to keep easing. Certainly,

1579
01:18:51,000 --> 01:18:53,840
Speaker 22: we're seeing that sheer market continue to riley with the

1580
01:18:53,920 --> 01:18:57,200
Speaker 22: economy strong enough to keep earning his going interest rates

1581
01:18:57,400 --> 01:18:59,680
Speaker 22: not high enough to stop evaluations from going up to

1582
01:18:59,720 --> 01:19:00,400
Speaker 22: see good mix.

1583
01:19:00,760 --> 01:19:03,840
Speaker 3: Yeah, but what are the ongoing conflicts in the Middle

1584
01:19:03,880 --> 01:19:06,400
Speaker 3: East and Ukraine meeting for some of those tensions.

1585
01:19:06,880 --> 01:19:11,080
Speaker 22: Yeah, the markets are quite cautious, really watching closely. Certainly

1586
01:19:11,160 --> 01:19:14,080
Speaker 22: every weekend people get very anxious. Why weekends, because that's

1587
01:19:14,160 --> 01:19:17,200
Speaker 22: when we can't act on it straight away. But this

1588
01:19:17,360 --> 01:19:19,880
Speaker 22: broadening an action if it does occur, you know, in

1589
01:19:19,920 --> 01:19:24,679
Speaker 22: addition to really creating some human misery, creates potential supply

1590
01:19:24,840 --> 01:19:28,240
Speaker 22: chin isshes and masis inflash for what does it mean

1591
01:19:28,280 --> 01:19:31,080
Speaker 22: for us if we all price goes up on the

1592
01:19:31,120 --> 01:19:33,439
Speaker 22: back of supply, that's a problem for US that sees

1593
01:19:33,479 --> 01:19:37,280
Speaker 22: lower growth. Shee's inflation up creates he wins for central banks.

1594
01:19:37,600 --> 01:19:41,120
Speaker 3: A market's still happy shame with China's bid to sub charge.

1595
01:19:40,920 --> 01:19:45,160
Speaker 22: Its Yeah, look, we've had a really amazing sharp rally

1596
01:19:45,200 --> 01:19:46,920
Speaker 22: on the back of this it was a pretty meaningful

1597
01:19:47,000 --> 01:19:51,080
Speaker 22: set of surprise stimulus. But we haven't seen all the

1598
01:19:51,120 --> 01:19:55,439
Speaker 22: details yet. There's a big meeting tomorrow the INDERC. It's

1599
01:19:55,479 --> 01:19:57,200
Speaker 22: due to come out to one o'clock our time with

1600
01:19:57,400 --> 01:20:00,040
Speaker 22: some detail after they've come back from Golden Week. That

1601
01:20:00,200 --> 01:20:01,880
Speaker 22: is actually going to be really important. That might see

1602
01:20:01,880 --> 01:20:05,200
Speaker 22: a bit more fire in the story. Whether they get

1603
01:20:05,200 --> 01:20:07,760
Speaker 22: more policy or just detail, it will be the key.

1604
01:20:08,200 --> 01:20:09,400
Speaker 22: So yep, still firing.

1605
01:20:09,720 --> 01:20:12,360
Speaker 3: Very good. Hey, thanks Shane, appreciate it. Thank Shane Solely

1606
01:20:12,439 --> 01:20:14,640
Speaker 3: from Harbor Asset Management. Thank you very much for your

1607
01:20:14,640 --> 01:20:17,240
Speaker 3: feedback too. Justin has texted me to say, Jack, has

1608
01:20:17,240 --> 01:20:19,920
Speaker 3: anyone asked how this state of the art ship designed

1609
01:20:20,040 --> 01:20:22,360
Speaker 3: to see and plot every inch of the ocean floor

1610
01:20:22,479 --> 01:20:24,360
Speaker 3: managed to park on a reef that is well known

1611
01:20:24,439 --> 01:20:29,080
Speaker 3: to be there. Perhaps it does not need replacing. Yes,

1612
01:20:29,160 --> 01:20:34,200
Speaker 3: I think very good, Justin. I think I think you're

1613
01:20:34,240 --> 01:20:36,080
Speaker 3: not the only person to have asked that question. Let's

1614
01:20:36,120 --> 01:20:38,000
Speaker 3: put it that way. It is going to be very

1615
01:20:38,040 --> 01:20:39,880
Speaker 3: interesting once we get a bit more detailed on the

1616
01:20:39,960 --> 01:20:42,479
Speaker 3: cause of the Mudomanui's thinking. But thank you for that.

1617
01:20:42,560 --> 01:20:44,200
Speaker 3: If you want to send us a message, nine two

1618
01:20:44,400 --> 01:20:47,200
Speaker 3: nine two is the text number twenty three past six.

1619
01:20:49,640 --> 01:20:53,400
Speaker 2: Whether it's macro micro or just playing economics.

1620
01:20:53,080 --> 01:20:56,120
Speaker 1: It's all on the Business Hour with Jack Tam and

1621
01:20:56,439 --> 01:20:59,640
Speaker 1: my HR the HR Solution for busy SMEs.

1622
01:21:01,400 --> 01:21:04,720
Speaker 3: Look, I know that the Monoanui situation is kind of memorable,

1623
01:21:05,040 --> 01:21:07,200
Speaker 3: and I would be lying if I said that I

1624
01:21:07,240 --> 01:21:09,160
Speaker 3: hadn't attempted to make a few jokes about it as well.

1625
01:21:09,200 --> 01:21:11,880
Speaker 3: But there's a good message here on the text machine

1626
01:21:11,880 --> 01:21:13,240
Speaker 3: that I'll share with you. Jack. I'm finding all the

1627
01:21:13,320 --> 01:21:16,320
Speaker 3: media on the monow Anu pretty upsetting. I really don't

1628
01:21:16,360 --> 01:21:19,120
Speaker 3: think people have given much thought about the families and

1629
01:21:19,200 --> 01:21:21,400
Speaker 3: what they have to listen to. My husband's currently away

1630
01:21:21,479 --> 01:21:23,680
Speaker 3: on another Navy ship. He's been away since June. I

1631
01:21:23,840 --> 01:21:25,600
Speaker 3: just really wish the New Zealand public would have some

1632
01:21:25,680 --> 01:21:27,400
Speaker 3: respect and thought for how we all have to deal

1633
01:21:27,439 --> 01:21:31,040
Speaker 3: with it. Yeah, look, I totally get that. I can

1634
01:21:31,120 --> 01:21:34,160
Speaker 3: imagine it is really distressing, not just for people who

1635
01:21:34,320 --> 01:21:37,160
Speaker 3: had family on the Monay on the Monoanu, but people

1636
01:21:37,200 --> 01:21:39,920
Speaker 3: who are connected to the Defense Force. Thank you for that,

1637
01:21:40,080 --> 01:21:42,120
Speaker 3: Kristin says Jack. I'm really tired of some of the

1638
01:21:42,240 --> 01:21:44,599
Speaker 3: retric around our defense Force. It's obvious that our Navy,

1639
01:21:44,720 --> 01:21:47,479
Speaker 3: Air Force and Army are in dire straits in terms

1640
01:21:47,520 --> 01:21:50,439
Speaker 3: of their supplying over the last couple of years and funding.

1641
01:21:51,000 --> 01:21:54,160
Speaker 3: Thanks for that, Kristin, I appreciate it. After six thirty

1642
01:21:54,200 --> 01:21:56,280
Speaker 3: on News Talks, he'd be wes Pax chief economist is

1643
01:21:56,320 --> 01:21:58,080
Speaker 3: going to be with us, give us her thoughts on

1644
01:21:59,120 --> 01:22:02,120
Speaker 3: the likelihood of a fifty basis points cut. All the

1645
01:22:02,160 --> 01:22:05,439
Speaker 3: major retail banks now picking a fifty point cut on Wednesday.

1646
01:22:06,000 --> 01:22:08,160
Speaker 3: Plus we will take you to the UK and Europe

1647
01:22:08,479 --> 01:22:10,960
Speaker 3: before seven o'clock as well. It's almost six thirty. News

1648
01:22:11,040 --> 01:22:13,439
Speaker 3: is next. You were jactaimed. This is Newstalk's EDB.

1649
01:22:19,120 --> 01:22:22,960
Speaker 1: Everything from SME's the Big Corporates, The Business Hour with

1650
01:22:23,240 --> 01:22:26,840
Speaker 1: Jack Taine and my HR the HR solution for busy

1651
01:22:27,120 --> 01:22:44,360
Speaker 1: SME on NEWSTALKSB, News Talks EDB.

1652
01:22:45,000 --> 01:22:47,880
Speaker 3: It is twenty five six on Monday evening Jack tame

1653
01:22:47,960 --> 01:22:50,519
Speaker 3: in for Heather. So there's been a bit of tension

1654
01:22:50,600 --> 01:22:54,840
Speaker 3: between some followers of Destiny Church and pro Palestinian protesters

1655
01:22:54,880 --> 01:23:00,479
Speaker 3: this afternoon outside TVNZ's HQ in Central Auckland. Today is,

1656
01:23:00,479 --> 01:23:03,799
Speaker 3: of course October seventh, the anniversary of the October seventh attacks.

1657
01:23:04,479 --> 01:23:09,080
Speaker 3: There were probably thirty thirty five ish police officers separating

1658
01:23:09,840 --> 01:23:12,040
Speaker 3: some of the supporters of Destiny's Church and the protests

1659
01:23:12,080 --> 01:23:16,519
Speaker 3: as they gathered outside TVNZ this evening. Right now it

1660
01:23:16,680 --> 01:23:20,920
Speaker 3: is twenty five to seven team and the big call

1661
01:23:21,040 --> 01:23:25,559
Speaker 3: comes this Wednesday two pm the OCR. We should get

1662
01:23:25,560 --> 01:23:28,679
Speaker 3: an update from the Reserve Bank on the OCR currently

1663
01:23:28,960 --> 01:23:31,719
Speaker 3: of course, sitting at five point twenty five percent, after

1664
01:23:32,040 --> 01:23:34,120
Speaker 3: the Reserve Bank cut the rate for the first time

1665
01:23:34,240 --> 01:23:38,479
Speaker 3: since twenty twenty in August, so the decision is the

1666
01:23:38,560 --> 01:23:40,559
Speaker 3: second to last for this year. At the moment, all

1667
01:23:40,680 --> 01:23:44,760
Speaker 3: retail banks are forecasting a fifty point cut is on

1668
01:23:44,840 --> 01:23:47,200
Speaker 3: the way. WESTBAC Chief economis Kelly E. Coult Is with

1669
01:23:47,320 --> 01:23:51,200
Speaker 3: us this evening. Kilder Kelly, Hi, yeah, very well, thanks.

1670
01:23:51,240 --> 01:23:53,760
Speaker 3: So why are fifty basis point cut now? What's driving this?

1671
01:23:55,240 --> 01:23:59,080
Speaker 6: Well, it's increasingly looking like the CPI will print very

1672
01:23:59,240 --> 01:24:02,280
Speaker 6: close to to sent perhaps even before the end of

1673
01:24:02,320 --> 01:24:05,040
Speaker 6: the year. So you've got a Reserve Bank that only

1674
01:24:05,120 --> 01:24:08,280
Speaker 6: has a single mandate now, which is one to three

1675
01:24:08,320 --> 01:24:12,200
Speaker 6: percent inflation. So it's getting increasingly difficult for them to

1676
01:24:13,200 --> 01:24:16,640
Speaker 6: justify having interest rates as high as they've had to

1677
01:24:16,720 --> 01:24:18,519
Speaker 6: have them in the last couple of years to bring

1678
01:24:18,600 --> 01:24:19,320
Speaker 6: inflation down.

1679
01:24:19,720 --> 01:24:22,120
Speaker 3: Just remind us when's the next CPI update.

1680
01:24:23,240 --> 01:24:25,519
Speaker 6: The next CPI item is going to come out next week,

1681
01:24:26,200 --> 01:24:27,679
Speaker 6: next Wednesday, right.

1682
01:24:27,800 --> 01:24:31,160
Speaker 3: Yeah, okay, so we're expecting that to be I mean

1683
01:24:31,240 --> 01:24:34,080
Speaker 3: to anything close to two percent by think of this

1684
01:24:34,200 --> 01:24:37,679
Speaker 3: year would be fantastic in terms of the fight against inflation.

1685
01:24:37,960 --> 01:24:40,960
Speaker 3: But with that staring them in the face, given the

1686
01:24:41,040 --> 01:24:44,880
Speaker 3: dual mandate has gone, you reckon the argument over twenty

1687
01:24:44,920 --> 01:24:46,840
Speaker 3: five and fifty leads it in favor of fifty.

1688
01:24:48,240 --> 01:24:50,560
Speaker 6: Yeah, well, we do get a better guide on what

1689
01:24:50,760 --> 01:24:52,960
Speaker 6: the CPI are going to do now they have the

1690
01:24:53,080 --> 01:24:56,800
Speaker 6: monthly selected price and decease. So what those have shown

1691
01:24:56,880 --> 01:24:59,920
Speaker 6: us that even since August, it looks like in FA

1692
01:25:00,320 --> 01:25:02,040
Speaker 6: is going to be tracking a bit lower than what

1693
01:25:02,200 --> 01:25:04,760
Speaker 6: even people thought back then, and that was when the

1694
01:25:04,840 --> 01:25:08,200
Speaker 6: Reserve Bank actually cut the ocr by twenty five basis

1695
01:25:08,280 --> 01:25:13,840
Speaker 6: points unexpectedly. So there's a pretty good basis to think

1696
01:25:13,920 --> 01:25:16,840
Speaker 6: that we will be pretty close to that two percent number.

1697
01:25:18,120 --> 01:25:20,080
Speaker 6: And we've got to remember that, you know, perhaps even

1698
01:25:20,120 --> 01:25:22,360
Speaker 6: just six months ago, the forecast for the end of

1699
01:25:22,439 --> 01:25:24,400
Speaker 6: the year was going to be around about three percent.

1700
01:25:24,520 --> 01:25:27,559
Speaker 6: So there's been quite a bit of progress since This.

1701
01:25:27,600 --> 01:25:29,920
Speaker 3: Will seem Sallie, But for two or may seems like

1702
01:25:29,960 --> 01:25:31,759
Speaker 3: I said a question, But for a two pm announcement

1703
01:25:31,800 --> 01:25:34,760
Speaker 3: on Wednesday, how late do the Reserve Bank leave the call?

1704
01:25:36,200 --> 01:25:39,920
Speaker 6: Well, I mean they'll be making their decision probably around

1705
01:25:40,000 --> 01:25:44,680
Speaker 6: about now, I think, and probably deciding tomorrow exactly how

1706
01:25:44,760 --> 01:25:47,400
Speaker 6: to write it up. So they will have been in

1707
01:25:47,479 --> 01:25:49,599
Speaker 6: discussions probably now for a two or three days.

1708
01:25:49,760 --> 01:25:55,439
Speaker 3: Yeah. Just how much will broader parts of the economy

1709
01:25:55,640 --> 01:25:57,840
Speaker 3: right now be factoring in that decision? Are there are

1710
01:25:57,840 --> 01:25:59,800
Speaker 3: parts that will be concerning for the Reserve Bank?

1711
01:26:01,080 --> 01:26:03,800
Speaker 6: Yeah? Well, I think the tone of the economic data

1712
01:26:03,920 --> 01:26:07,840
Speaker 6: it's been a bit two paced. On one hand, there's

1713
01:26:07,920 --> 01:26:11,000
Speaker 6: some forward looking indicators that suggest that the economy is

1714
01:26:11,040 --> 01:26:14,600
Speaker 6: going to respond pretty well to lower interest rates, But

1715
01:26:14,920 --> 01:26:18,000
Speaker 6: the other bits of the data, which gives you a

1716
01:26:18,040 --> 01:26:20,400
Speaker 6: good sense of where the economy is here and now,

1717
01:26:20,880 --> 01:26:23,920
Speaker 6: still looks like we're going backwards. And I think that

1718
01:26:24,080 --> 01:26:27,240
Speaker 6: will be the area that should have the concern from

1719
01:26:27,280 --> 01:26:30,439
Speaker 6: the NPC, because it's going to take a while for

1720
01:26:30,520 --> 01:26:33,439
Speaker 6: the economy to go from going backwards to going forwards

1721
01:26:33,840 --> 01:26:37,040
Speaker 6: at a decent clip, and that downward pressure on inflation

1722
01:26:37,200 --> 01:26:38,000
Speaker 6: is going to continue.

1723
01:26:38,200 --> 01:26:39,960
Speaker 3: So just be specifical with us THEE Kelly, what do

1724
01:26:40,000 --> 01:26:42,200
Speaker 3: you mean what areas are still going backwards?

1725
01:26:43,400 --> 01:26:47,440
Speaker 6: Well, particularly business investment and the labor market in particular.

1726
01:26:47,720 --> 01:26:49,840
Speaker 6: In that labor market in particular, when we looked at

1727
01:26:49,840 --> 01:26:52,840
Speaker 6: the quarterly survey our business opinion, looks like firms are

1728
01:26:52,880 --> 01:26:56,280
Speaker 6: still looking to cut costs, and one way they cut

1729
01:26:56,360 --> 01:27:00,240
Speaker 6: costs is by lightning the number of workers said.

1730
01:27:00,840 --> 01:27:05,880
Speaker 3: I don't think unemployment was forecast to peak until maybe

1731
01:27:06,040 --> 01:27:08,360
Speaker 3: Q two of next year, right, five point two, five

1732
01:27:08,400 --> 01:27:10,160
Speaker 3: point three percent, So there's still a bit of way for.

1733
01:27:10,160 --> 01:27:10,439
Speaker 15: It to go.

1734
01:27:11,720 --> 01:27:15,720
Speaker 6: Yeah, the unemployment rate will always tend to lack the

1735
01:27:15,880 --> 01:27:19,280
Speaker 6: economic activity. The economy has been going sideways to backwards

1736
01:27:19,320 --> 01:27:22,400
Speaker 6: now for about eighteen months or two years. The unemployment

1737
01:27:22,520 --> 01:27:26,280
Speaker 6: rate has taken longer to rise, but it's definitely in

1738
01:27:26,360 --> 01:27:29,759
Speaker 6: the boost phase now. Pretty confident that we'll be printing

1739
01:27:29,800 --> 01:27:32,760
Speaker 6: a five percent unemployment rate when the data for the

1740
01:27:32,800 --> 01:27:36,360
Speaker 6: September quarter of prints next month, and you know, we'll

1741
01:27:36,400 --> 01:27:39,240
Speaker 6: probably peak somewhere around five and a half in the

1742
01:27:39,280 --> 01:27:40,040
Speaker 6: middle of next.

1743
01:27:39,960 --> 01:27:43,280
Speaker 3: Year, which is higher than I think both Treasury and

1744
01:27:43,680 --> 01:27:45,679
Speaker 3: RB and Z had been forecasting of the last twelve

1745
01:27:45,720 --> 01:27:46,080
Speaker 3: months or so.

1746
01:27:47,240 --> 01:27:49,760
Speaker 6: It's a little bit higher, Yeah, I mean, but in

1747
01:27:49,840 --> 01:27:52,680
Speaker 6: the end, I think it's a relatively good outcome compared to,

1748
01:27:52,800 --> 01:27:56,280
Speaker 6: for example, what we saw in the global financial crisis. Wheah,

1749
01:27:56,360 --> 01:27:59,479
Speaker 6: the unemployment rate had to go, it went over six percent.

1750
01:28:00,000 --> 01:28:01,880
Speaker 3: It's a lag comparable or both on the way up

1751
01:28:01,960 --> 01:28:02,599
Speaker 3: and the way down.

1752
01:28:04,120 --> 01:28:09,200
Speaker 6: In terms of the flow through of the unemployment rate,

1753
01:28:09,320 --> 01:28:12,920
Speaker 6: it's probably fairly comparable to the performance of the economy.

1754
01:28:13,479 --> 01:28:15,920
Speaker 6: So that's why we sort of watch the GDP numbers

1755
01:28:15,960 --> 01:28:16,759
Speaker 6: pretty closely.

1756
01:28:17,640 --> 01:28:19,840
Speaker 3: What will be the market reaction on Wednesday? If the

1757
01:28:19,880 --> 01:28:22,720
Speaker 3: Reserve Bank sticks with twenty five and doesn't go fifty.

1758
01:28:23,560 --> 01:28:26,240
Speaker 6: Well, the market's got about an eighty percent chance of

1759
01:28:26,320 --> 01:28:29,479
Speaker 6: a fifty basis point cut pricet in. So if they're

1760
01:28:29,520 --> 01:28:32,519
Speaker 6: disappointed in that regard, then very short term interest rates

1761
01:28:32,560 --> 01:28:35,120
Speaker 6: are going to rise by the amount of that disappointment.

1762
01:28:36,520 --> 01:28:39,280
Speaker 6: But what happens to longer term rates is really going

1763
01:28:39,360 --> 01:28:41,600
Speaker 6: to depend on what the Reserve Bank says while it

1764
01:28:41,720 --> 01:28:45,519
Speaker 6: delivers that message. If they're saying, well, we're cutting twenty

1765
01:28:45,560 --> 01:28:48,200
Speaker 6: five now, but we're open to moving a bit more

1766
01:28:48,280 --> 01:28:51,840
Speaker 6: quickly next month, perhaps after the CPI, then I would

1767
01:28:51,840 --> 01:28:54,080
Speaker 6: say the markets will stick to their guns and would

1768
01:28:54,120 --> 01:28:58,400
Speaker 6: still anticipate some pretty chunky reductions and interest rates before Christmas.

1769
01:28:58,560 --> 01:29:00,919
Speaker 3: Yeah, what are you expecting in November?

1770
01:29:02,400 --> 01:29:04,519
Speaker 6: I think they'll cut the o c R by fifty

1771
01:29:04,560 --> 01:29:08,000
Speaker 6: basis points in November, because you know, we're at five

1772
01:29:08,040 --> 01:29:10,639
Speaker 6: point twenty five now. Even if they took one percent

1773
01:29:10,760 --> 01:29:14,920
Speaker 6: off the rate before Christmas, it's above where my estimate

1774
01:29:15,040 --> 01:29:17,400
Speaker 6: of where the neutral kind of hit rate is, and

1775
01:29:17,520 --> 01:29:19,800
Speaker 6: it's quite a bit above where the Reserve Bank stays

1776
01:29:19,880 --> 01:29:22,840
Speaker 6: they think it is. So given the lags, it would

1777
01:29:22,920 --> 01:29:26,519
Speaker 6: seem prudent to perhaps take a bit more restriction off now.

1778
01:29:26,920 --> 01:29:29,560
Speaker 6: It's a pretty big gap between when they do the

1779
01:29:29,640 --> 01:29:32,599
Speaker 6: November monetary policy statement and when they do the February

1780
01:29:32,640 --> 01:29:34,280
Speaker 6: Monty policy statement next year.

1781
01:29:34,560 --> 01:29:37,880
Speaker 3: Yeah, that's right, and they'll be concerned about that presumab So,

1782
01:29:38,120 --> 01:29:40,679
Speaker 3: where do you see the neutral rate as being compared

1783
01:29:40,720 --> 01:29:41,800
Speaker 3: to the Reserve Bank?

1784
01:29:42,640 --> 01:29:46,800
Speaker 6: Well, I think the OCR is sort of terminal or

1785
01:29:46,880 --> 01:29:49,400
Speaker 6: neutral rate probably be about three point seventy five percent,

1786
01:29:49,960 --> 01:29:54,000
Speaker 6: whereas the Reserve Bank's view is somewhere closer to three percent.

1787
01:29:54,600 --> 01:29:54,760
Speaker 2: Right.

1788
01:29:55,600 --> 01:29:58,599
Speaker 6: I will emphasize there's a lot of uncertainty about these things.

1789
01:29:58,640 --> 01:30:01,760
Speaker 6: It's it's not implausible that even my estimate's a bit light,

1790
01:30:02,120 --> 01:30:04,519
Speaker 6: or you know, perhaps it goes a bit lower. We'll

1791
01:30:04,600 --> 01:30:06,439
Speaker 6: only learn that as we look at how the data

1792
01:30:06,520 --> 01:30:07,400
Speaker 6: it goes over time.

1793
01:30:07,720 --> 01:30:10,200
Speaker 3: Yeah, what do you make of the feed?

1794
01:30:12,040 --> 01:30:16,160
Speaker 6: So the Fed obviously did that unexpected fifty basis point

1795
01:30:16,280 --> 01:30:19,920
Speaker 6: change last time. They seem to get a little bit

1796
01:30:19,960 --> 01:30:22,759
Speaker 6: ahead of what the data was saying. But they seemed

1797
01:30:22,800 --> 01:30:25,200
Speaker 6: to have some concerns about the labor market there, so

1798
01:30:25,280 --> 01:30:27,040
Speaker 6: they wanted to try to get a bit ahead of it.

1799
01:30:27,479 --> 01:30:27,600
Speaker 4: You know.

1800
01:30:27,680 --> 01:30:30,040
Speaker 6: Obviously the data that we got on Friday night with

1801
01:30:30,080 --> 01:30:32,839
Speaker 6: their employment report turned that on its head. Their unemployment

1802
01:30:32,920 --> 01:30:38,200
Speaker 6: rate foul, the amount of jobs that printed were outside

1803
01:30:38,240 --> 01:30:41,679
Speaker 6: the range of economist estimates. We've got an election coming

1804
01:30:41,760 --> 01:30:44,720
Speaker 6: up in the US in the next month, so I

1805
01:30:44,880 --> 01:30:48,320
Speaker 6: would think that they might sit on the sidelines until

1806
01:30:48,360 --> 01:30:49,960
Speaker 6: the end of the year to see how the data

1807
01:30:50,040 --> 01:30:50,759
Speaker 6: is going to progress.

1808
01:30:50,920 --> 01:30:55,360
Speaker 3: Yeah, and how has the situation the US affected us

1809
01:30:55,520 --> 01:30:57,680
Speaker 3: and the Feed's moves affected us in the likelihood of

1810
01:30:57,920 --> 01:30:59,439
Speaker 3: a fifty basis point cut here.

1811
01:31:00,240 --> 01:31:02,880
Speaker 6: Well, one of the factors that might push it towards

1812
01:31:02,920 --> 01:31:05,519
Speaker 6: a bigger rate cuts, like a fifty point cut this

1813
01:31:05,680 --> 01:31:07,680
Speaker 6: time and at the end of the year is that

1814
01:31:07,920 --> 01:31:11,200
Speaker 6: idea that global interstrates have actually taken a decent league

1815
01:31:11,240 --> 01:31:14,720
Speaker 6: lower In the last few months, quite a few pair

1816
01:31:14,840 --> 01:31:17,040
Speaker 6: central banks have done a few rate cuts now we've

1817
01:31:17,080 --> 01:31:19,519
Speaker 6: only done one in this forecast, that they're going to

1818
01:31:19,600 --> 01:31:22,680
Speaker 6: do a few more between now and save February next year.

1819
01:31:23,320 --> 01:31:26,240
Speaker 6: So part of my sort of like thinking is that actually,

1820
01:31:26,360 --> 01:31:29,360
Speaker 6: given they've got this long break, that they do need

1821
01:31:29,400 --> 01:31:31,280
Speaker 6: to get on with it now because otherwise they might

1822
01:31:31,360 --> 01:31:34,360
Speaker 6: find themselves a little bit behind the eight ball once

1823
01:31:34,439 --> 01:31:36,280
Speaker 6: we get to February next year and chasing.

1824
01:31:36,560 --> 01:31:39,559
Speaker 3: Yeah, yeah, hey, thanks Kelly, really appreciate it. There's Westpac's

1825
01:31:39,640 --> 01:31:42,400
Speaker 3: chief economist, Kelly Echold. Thank you for your taxi, Jack

1826
01:31:42,720 --> 01:31:44,719
Speaker 3: is Andre. Can you explain why the rates are lower

1827
01:31:44,720 --> 01:31:47,200
Speaker 3: it as unemployment rises. I don't think it's directly as

1828
01:31:47,240 --> 01:31:49,439
Speaker 3: a result the rates being lowered as unemployment rises, because

1829
01:31:49,479 --> 01:31:53,120
Speaker 3: technically the Reserve Bank isn't supposed to be considering unemployment

1830
01:31:53,160 --> 01:31:55,200
Speaker 3: too much, although labor market stats of course make up

1831
01:31:55,240 --> 01:31:58,200
Speaker 3: the bigger picture. It's because of the lag, so it's not.

1832
01:31:59,000 --> 01:32:04,719
Speaker 3: It's more just that the result of the higher ocr

1833
01:32:05,000 --> 01:32:06,880
Speaker 3: has meant that it takes a bit of a time

1834
01:32:07,000 --> 01:32:09,680
Speaker 3: for that to flow through to the wider economy and

1835
01:32:10,240 --> 01:32:12,479
Speaker 3: is meaning that the cost of borrowing is much higher.

1836
01:32:12,840 --> 01:32:15,920
Speaker 3: We've been in recession. That means inevitably jobs are lost,

1837
01:32:16,200 --> 01:32:19,200
Speaker 3: jobs are continuing to be to be lost. Now that

1838
01:32:19,280 --> 01:32:21,800
Speaker 3: the Reserve Bank has decided to bring the ocr down,

1839
01:32:21,960 --> 01:32:23,360
Speaker 3: there's going to be a bit of a lag before

1840
01:32:23,360 --> 01:32:25,320
Speaker 3: we see that in some of the employment data. Thank

1841
01:32:25,360 --> 01:32:27,360
Speaker 3: you very much, Andre. Cor it to seven. We're going

1842
01:32:27,400 --> 01:32:28,880
Speaker 3: to Europe next on NEWSTALKSB.

1843
01:32:29,800 --> 01:32:32,560
Speaker 2: If it's to do with money, it matters to you.

1844
01:32:33,200 --> 01:32:36,880
Speaker 1: The Business Hour with Jack Team and my HR the

1845
01:32:37,160 --> 01:32:40,600
Speaker 1: HR Solution for Busy smys on News Talks.

1846
01:32:40,439 --> 01:32:43,360
Speaker 3: EDB thirteen minutes to seven on News Talks EDB and

1847
01:32:43,520 --> 01:32:46,559
Speaker 3: UK and Europe Correspondent Gavin Gray's with us this evening, Hi,

1848
01:32:46,680 --> 01:32:50,720
Speaker 3: Gavin Either Jack a year on, the mother of the

1849
01:32:50,800 --> 01:32:54,759
Speaker 3: only British Israeli hostage held by Hamas is speaking out.

1850
01:32:56,520 --> 01:33:00,640
Speaker 23: Yes with dissatisfaction over the level of the tension that

1851
01:33:00,760 --> 01:33:05,960
Speaker 23: the hostages are getting. Really Jack, So she's effectively trying

1852
01:33:06,000 --> 01:33:09,240
Speaker 23: to find her twenty eight year old daughter, Emily de Maari,

1853
01:33:10,160 --> 01:33:13,479
Speaker 23: who was shot and taken from an Israeli kibbutz across

1854
01:33:13,640 --> 01:33:16,719
Speaker 23: the border into Gaza of course on the seventh of October.

1855
01:33:16,800 --> 01:33:19,439
Speaker 23: We are one year on today, which is why her

1856
01:33:19,560 --> 01:33:23,160
Speaker 23: comments are making the headlines, and she's just saying that

1857
01:33:23,240 --> 01:33:26,160
Speaker 23: her plight seems to have been forgotten. Many people in

1858
01:33:26,240 --> 01:33:28,960
Speaker 23: the UK don't seem to realize that there are Britons

1859
01:33:28,960 --> 01:33:33,080
Speaker 23: who have been trapped abroad in this and ninety seven

1860
01:33:33,160 --> 01:33:37,639
Speaker 23: hostages remain unaccounted for. However, of course many would say

1861
01:33:37,640 --> 01:33:39,840
Speaker 23: there's very little the British government can do on top

1862
01:33:39,880 --> 01:33:44,240
Speaker 23: of what's already being done, and well, we've already had

1863
01:33:44,320 --> 01:33:50,360
Speaker 23: the death of one British Israeli, Nadav Popolwell, who was

1864
01:33:50,439 --> 01:33:52,880
Speaker 23: kidnapped on the seventh of October and his body was

1865
01:33:52,920 --> 01:33:55,160
Speaker 23: recovered by Israeli soldiers in August.

1866
01:33:56,120 --> 01:34:00,760
Speaker 3: Gavin, the UK is seeking to follow the lead of

1867
01:34:00,840 --> 01:34:03,240
Speaker 3: the US. Big Texas are going to be imposed on

1868
01:34:03,320 --> 01:34:05,160
Speaker 3: import of electric vehicles from China.

1869
01:34:06,439 --> 01:34:10,920
Speaker 23: Yes, massive actually jack here. So tariffs on electric vehicles

1870
01:34:11,000 --> 01:34:13,479
Speaker 23: made in China are set to rise from the current

1871
01:34:13,600 --> 01:34:17,720
Speaker 23: ten percent level up to forty five percent for the

1872
01:34:17,840 --> 01:34:21,439
Speaker 23: next five years. So they're definitely going to be noticing

1873
01:34:21,479 --> 01:34:24,120
Speaker 23: that if you're buying a Chinese electric vehicle. But of

1874
01:34:24,200 --> 01:34:27,120
Speaker 23: course it has broad concerns, hang on, we're encouraging people

1875
01:34:27,160 --> 01:34:30,560
Speaker 23: to buy electric vehicles, this is hardly an incentive, and

1876
01:34:30,640 --> 01:34:34,519
Speaker 23: they're saying that the price could make EV's just too

1877
01:34:34,600 --> 01:34:38,240
Speaker 23: expensive for buyers. It was a decision across the EU

1878
01:34:39,240 --> 01:34:43,360
Speaker 23: trying to really outline their plans, saying they believe that

1879
01:34:43,520 --> 01:34:48,160
Speaker 23: the Chinese EV industry electric vehicle industry is being illegally

1880
01:34:48,479 --> 01:34:52,639
Speaker 23: state subsidized, something the Chinese deny. But the decision, which

1881
01:34:52,680 --> 01:34:56,160
Speaker 23: split European Union members states such as France and Germany,

1882
01:34:56,600 --> 01:35:00,800
Speaker 23: risks sparking a trade war between Brussels, and of course

1883
01:35:00,920 --> 01:35:04,280
Speaker 23: because now we're waiting to hear what response China will

1884
01:35:04,360 --> 01:35:05,439
Speaker 23: give to this news.

1885
01:35:05,600 --> 01:35:08,680
Speaker 3: Do you see many Chinese evs on the roads in

1886
01:35:08,720 --> 01:35:09,080
Speaker 3: the UK?

1887
01:35:10,560 --> 01:35:14,639
Speaker 23: Yeah, there have been quite a few, and actually quite

1888
01:35:14,680 --> 01:35:17,439
Speaker 23: surprisingly there Jack is a sort of sidebar to all

1889
01:35:17,479 --> 01:35:21,760
Speaker 23: of this. The number of electric vehicles that have been

1890
01:35:22,479 --> 01:35:26,360
Speaker 23: registered in this country has really stuttered of late, and

1891
01:35:26,960 --> 01:35:30,080
Speaker 23: that's an interesting sort of anomaly. I think many people

1892
01:35:30,200 --> 01:35:32,920
Speaker 23: just saying the average cost of buying an electric car

1893
01:35:33,040 --> 01:35:36,600
Speaker 23: in the UK is now over one hundred thousand New

1894
01:35:36,680 --> 01:35:39,479
Speaker 23: Zealand dollars and for many that's just a bridge too far.

1895
01:35:39,720 --> 01:35:43,920
Speaker 3: Yeah, yep, including me. I mean that's interesting though forty

1896
01:35:43,920 --> 01:35:48,840
Speaker 3: five percent tariff the US is one hundred percent. Forty

1897
01:35:48,880 --> 01:35:50,720
Speaker 3: five is a lot, but yeah, yeah, I suppose you know,

1898
01:35:50,800 --> 01:35:53,920
Speaker 3: it's still not even even half of the Americans. As

1899
01:35:53,960 --> 01:35:58,360
Speaker 3: the cost of financial scams in the UK's rockets, UK

1900
01:35:58,520 --> 01:36:00,640
Speaker 3: banks have been given the power to poor payments that

1901
01:36:00,640 --> 01:36:03,240
Speaker 3: will give them time to investigate fraud.

1902
01:36:04,560 --> 01:36:07,320
Speaker 23: Well, I remember when it was announced that the banks

1903
01:36:07,720 --> 01:36:12,360
Speaker 23: were going to have to buy legislation clear payments either

1904
01:36:13,280 --> 01:36:18,000
Speaker 23: that day or the next business working day, and there

1905
01:36:18,040 --> 01:36:20,080
Speaker 23: were huge cheers. After all, why should they keep your

1906
01:36:20,160 --> 01:36:23,639
Speaker 23: money and earn interest of it when you should be However,

1907
01:36:23,800 --> 01:36:26,920
Speaker 23: I'm afraid that the scamming industry, which is now massive

1908
01:36:26,960 --> 01:36:30,280
Speaker 23: here in the UK, has put pay to that, and

1909
01:36:30,320 --> 01:36:31,679
Speaker 23: we're sort of turning the clock.

1910
01:36:31,560 --> 01:36:36,040
Speaker 3: Back on that. So now fraud is the most common.

1911
01:36:35,800 --> 01:36:39,560
Speaker 23: Crime in the UK. It actually accounts for one in

1912
01:36:39,720 --> 01:36:42,160
Speaker 23: three of all crimes. So now banks are to be

1913
01:36:42,240 --> 01:36:46,280
Speaker 23: given up to four days to investigate fraud and to

1914
01:36:46,439 --> 01:36:50,320
Speaker 23: either process or decline a payment, and that'll allow them

1915
01:36:50,400 --> 01:36:53,080
Speaker 23: more time to see, you know, who the paye is,

1916
01:36:53,200 --> 01:36:56,360
Speaker 23: who the payer is, and whether there's anything illegal going

1917
01:36:56,400 --> 01:36:58,320
Speaker 23: on here of course, one of the tricks scammers used,

1918
01:36:58,400 --> 01:37:01,160
Speaker 23: Jack is to hurry be along, and so you've got

1919
01:37:01,240 --> 01:37:03,600
Speaker 23: to do this now quickly, before the money's taken and

1920
01:37:03,720 --> 01:37:05,880
Speaker 23: before they have a chance to think about it and

1921
01:37:05,960 --> 01:37:07,160
Speaker 23: perhaps they get any advice.

1922
01:37:07,320 --> 01:37:07,519
Speaker 2: Yeah.

1923
01:37:07,640 --> 01:37:10,519
Speaker 3: Right, And so does that mean that banks are still

1924
01:37:10,680 --> 01:37:13,000
Speaker 3: on the hook in any way if they end up

1925
01:37:13,360 --> 01:37:16,080
Speaker 3: completing a transfer, a transfer that's part of a scam.

1926
01:37:17,439 --> 01:37:22,519
Speaker 23: Yes, although the maximum compensation is being reduced, and I

1927
01:37:22,600 --> 01:37:25,160
Speaker 23: think it's going to be more difficult now to get

1928
01:37:25,240 --> 01:37:27,320
Speaker 23: compensation from them as part of this deal.

1929
01:37:27,560 --> 01:37:27,680
Speaker 4: Right.

1930
01:37:27,760 --> 01:37:29,640
Speaker 3: That's interesting, Yeah, because that is a that is a

1931
01:37:29,720 --> 01:37:31,800
Speaker 3: real point of contention here at the moment. Thank you

1932
01:37:31,920 --> 01:37:34,920
Speaker 3: very much, Gavin. We really appreciate it. That is UK

1933
01:37:35,000 --> 01:37:38,400
Speaker 3: and you correspondent Gavin Gray forty five percent the terriff

1934
01:37:39,560 --> 01:37:40,200
Speaker 3: on eves.

1935
01:37:40,240 --> 01:37:40,519
Speaker 15: It does.

1936
01:37:41,479 --> 01:37:48,800
Speaker 3: It's amazing how geostrategic competition makes countries have to force

1937
01:37:48,880 --> 01:37:51,720
Speaker 3: US countries to make very difficult decisions, doesn't it. I mean,

1938
01:37:51,800 --> 01:37:55,280
Speaker 3: you know, the UK in particular is all about reducing

1939
01:37:55,320 --> 01:37:59,600
Speaker 3: emissions wherever possible, until you know what, actually, maybe it

1940
01:37:59,640 --> 01:38:04,000
Speaker 3: doesn't suit their closest Olly, I'm not suggesting that the

1941
01:38:04,120 --> 01:38:05,439
Speaker 3: Chinese have had everything up.

1942
01:38:05,920 --> 01:38:06,120
Speaker 15: You know.

1943
01:38:07,720 --> 01:38:10,680
Speaker 3: Have operated perfectly when it comes to the management of

1944
01:38:10,720 --> 01:38:14,040
Speaker 3: their EV market, but certainly they are making big inroads

1945
01:38:14,040 --> 01:38:15,840
Speaker 3: around the world. If the number of EV's on our

1946
01:38:15,880 --> 01:38:17,320
Speaker 3: roads is anything to go by, it's going to be

1947
01:38:17,360 --> 01:38:20,559
Speaker 3: fascinating to see what the impact of those tariffs will

1948
01:38:20,640 --> 01:38:24,360
Speaker 3: mean for the number of byds. For example, on New

1949
01:38:24,439 --> 01:38:28,640
Speaker 3: Zealand Roads seven to seven on Newstalk's he'db whether it's Macro.

1950
01:38:28,800 --> 01:38:30,760
Speaker 2: MicroB or just plain economics.

1951
01:38:30,920 --> 01:38:33,519
Speaker 1: It's all on the Business Hour with Heather Duple c

1952
01:38:33,640 --> 01:38:38,040
Speaker 1: Allen and my HR, the HR platform for SME NEWSTALKSB

1953
01:38:39,280 --> 01:38:39,759
Speaker 1: News Talks.

1954
01:38:39,760 --> 01:38:43,479
Speaker 3: He'd be just coming up to four minutes to seven

1955
01:38:43,680 --> 01:38:46,719
Speaker 3: after seven o'clock on the show. We're on the station.

1956
01:38:46,840 --> 01:38:49,519
Speaker 3: We're going to catch up. Jason Fine is going to

1957
01:38:49,560 --> 01:38:52,120
Speaker 3: be in the hot seat for Sports Talk this evening.

1958
01:38:52,200 --> 01:38:54,639
Speaker 3: Looking at the All Black squad. If you haven't seen

1959
01:38:54,640 --> 01:38:57,840
Speaker 3: the news yet, it's interesting. Scott Robinson has named a

1960
01:38:58,880 --> 01:39:01,439
Speaker 3: fairly predictable squad for the Northern Tour. But what's I

1961
01:39:01,439 --> 01:39:04,400
Speaker 3: suppose most intriguing is that yes, Cam Royguard has made

1962
01:39:04,439 --> 01:39:10,679
Speaker 3: the team and both TJ pet and Nada and former

1963
01:39:10,800 --> 01:39:13,479
Speaker 3: captain Sam Kin are going to be heading North if

1964
01:39:13,520 --> 01:39:16,040
Speaker 3: you'd asked him or anyone else, and he's got a

1965
01:39:16,120 --> 01:39:18,120
Speaker 3: rugby circle six months ago if they'd be going on

1966
01:39:18,200 --> 01:39:19,840
Speaker 3: this Northern tour, I think most of us would say no,

1967
01:39:19,960 --> 01:39:21,840
Speaker 3: but kind of just shows that what happens in the

1968
01:39:21,880 --> 01:39:25,160
Speaker 3: sports sometimes, right. So yeah, both TJ and Samkin heading north.

1969
01:39:25,240 --> 01:39:28,920
Speaker 3: Although it was really interesting today Scott Robinson was quite

1970
01:39:30,280 --> 01:39:33,160
Speaker 3: explicit and saying he's really hoping that they're going to

1971
01:39:33,200 --> 01:39:36,360
Speaker 3: take on a big mentoring role during that Northern tour

1972
01:39:36,360 --> 01:39:38,880
Speaker 3: as the younger players come through as well. So Jason

1973
01:39:38,920 --> 01:39:40,800
Speaker 3: Pine on Sports Talk this evening, you look at that

1974
01:39:40,920 --> 01:39:44,240
Speaker 3: Black Ferns defeat to England today. It's the first time

1975
01:39:44,360 --> 01:39:47,840
Speaker 3: in their history that the Black Fans have conceded nine tries.

1976
01:39:48,280 --> 01:39:50,200
Speaker 3: That is it for me this afternoon, though. Thank you

1977
01:39:50,320 --> 01:39:52,920
Speaker 3: very much for your company, your texting, your emails to

1978
01:39:53,040 --> 01:39:55,640
Speaker 3: the guys, for doing all the tough stuff Michael and

1979
01:39:55,960 --> 01:39:59,080
Speaker 3: Andy and Kenzie on the dials, and he's chosen the

1980
01:39:59,120 --> 01:40:00,920
Speaker 3: beats to play us out there. Seveney what you got broin?

1981
01:40:01,000 --> 01:40:03,080
Speaker 24: Yes, I don't know if you saw Conan O'Brien attempting

1982
01:40:03,160 --> 01:40:05,559
Speaker 24: to do a bit of karaoke and hook a ticket. Yeah,

1983
01:40:05,880 --> 01:40:08,519
Speaker 24: Zip's a whole lot of love to get us out.

1984
01:40:08,560 --> 01:40:11,080
Speaker 24: This is how it actually sounds, not his attempting. Yeah,

1985
01:40:11,080 --> 01:40:13,960
Speaker 24: it's just probably good for everyone, Actually, I'd say so.

1986
01:40:14,080 --> 01:40:16,280
Speaker 24: I certainly, certainly, cone certainly.

1987
01:40:17,320 --> 01:40:19,840
Speaker 3: I'm back tomorrow from four o'clock till then. Have a

1988
01:40:19,880 --> 01:40:20,400
Speaker 3: great evening.

1989
01:40:27,880 --> 01:40:31,040
Speaker 1: For more from hither Duplessy Allen Drive, listen live to

1990
01:40:31,160 --> 01:40:34,200
Speaker 1: news talks it'd be from four pm weekdays, or follow

1991
01:40:34,240 --> 01:40:35,960
Speaker 1: the podcast on iHeartRadio.